Hawaii - Fourth Quarter 2007
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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|
Employment Growth Rates
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
0.4%
|
0.5%
|
2.4%
|
2.6%
|
3.1%
|
|
Manufacturing (2%)
|
-2.4%
|
-1.9%
|
1.5%
|
0.8%
|
-1.4%
|
|
Other (non-manufacturing) Goods-Producing (6%)
|
4.0%
|
6.0%
|
9.8%
|
9.3%
|
13.6%
|
|
Private Service-Producing (72%)
|
0.4%
|
0.1%
|
1.7%
|
2.4%
|
3.6%
|
|
Government (20%)
|
-0.3%
|
0.3%
|
3.1%
|
1.4%
|
-0.4%
|
|
Unemployment Rate (% of labor force)
|
2.9%
|
2.7%
|
2.3%
|
2.5%
|
2.7%
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| |
|
|
|
|
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Other Indicators
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Single-Family Home Permits
|
-41.0%
|
-17.1%
|
-12.8%
|
-19.2%
|
22.2%
|
|
Multifamily Building Permits
|
-37.4%
|
-16.8%
|
-13.4%
|
-19.7%
|
-18.1%
|
|
Home Price Index
|
2.0%
|
2.7%
|
7.5%
|
15.6%
|
24.3%
|
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
1.06
|
1.01
|
0.78
|
0.73
|
3.46
|
| |
|
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|
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BANKING TRENDS
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|
General Information
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Institutions (#)
|
9
|
9
|
9
|
9
|
7
|
|
Total Assets (in millions)
|
38,150
|
37,973
|
37,476
|
37,476
|
36,239
|
|
New Institutions (# < 3 years)
|
2
|
2
|
2
|
2
|
0
|
|
Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
|
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|
|
|
|
|
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Asset Quality
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
0.41
|
0.62
|
0.18
|
0.18
|
0.22
|
|
ALLL/Total Loans (median %)
|
1.38
|
1.26
|
1.35
|
1.35
|
1.47
|
|
ALLL/Noncurrent Loans (median multiple)
|
7.08
|
6.76
|
9.62
|
9.62
|
11.07
|
|
Net Loan Losses / Total Loans (median %)
|
0.33
|
0.01
|
0.02
|
0.01
|
0.05
|
| |
|
|
|
|
|
|
Capital / Earnings
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Tier 1 Leverage (median %)
|
9.62
|
9.71
|
9.77
|
9.77
|
8.11
|
|
Return on Assets (median %)
|
0.86
|
0.69
|
0.87
|
0.82
|
1.13
|
|
Pretax Return on Assets (median %)
|
1.29
|
1.06
|
1.30
|
1.31
|
1.82
|
|
Net Interest Margin (median %)
|
3.68
|
4.18
|
3.92
|
3.29
|
4.34
|
|
Yield on Earning Assets (median %)
|
6.87
|
6.67
|
6.49
|
6.19
|
5.66
|
|
Cost of Funding Earning Assets (median %)
|
2.64
|
2.70
|
2.54
|
2.06
|
1.42
|
|
Provisions to Avg. Assets (median %)
|
0.19
|
0.15
|
0.08
|
0.03
|
0.00
|
|
Noninterest Income to Avg. Assets (median %)
|
0.91
|
0.82
|
0.78
|
0.78
|
0.79
|
|
Overhead to Avg. Assets (median %)
|
2.40
|
2.55
|
2.76
|
2.52
|
2.41
|
| |
|
|
|
|
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Liquidity / Sensitivity
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Loans to Assets (median %)
|
63.1
|
61.2
|
56.0
|
56.0
|
60.4
|
|
Noncore Funding to Assets (median %)
|
26.9
|
27.2
|
26.1
|
26.1
|
29.7
|
|
Long-term Assets to Assets (median %, call filers)
|
20.1
|
17.9
|
18.1
|
18.1
|
21.0
|
|
Brokered Deposits (number of institutions)
|
4
|
4
|
5
|
5
|
3
|
|
Brokered Deposits to Assets (median % for those above)
|
2.8
|
3.4
|
0.2
|
0.2
|
0.2
|
| |
|
|
|
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Loan Concentrations (median % of Tier 1 Capital)
|
Q4-07
|
Q3-07
|
Q4-06
|
2006
|
2005
|
|
Commercial and Industrial
|
89.6
|
87.7
|
89.3
|
89.3
|
111.1
|
|
Commercial Real Estate
|
208.7
|
158.6
|
111.0
|
111.0
|
112.5
|
|
Construction & Development
|
42.5
|
48.8
|
38.8
|
38.8
|
36.3
|
|
Multifamily Residential Real Estate
|
37.3
|
25.6
|
8.7
|
8.7
|
13.3
|
|
Nonresidential Real Estate
|
124.8
|
109.5
|
66.0
|
66.0
|
70.2
|
|
Residential Real Estate
|
185.1
|
164.8
|
154.8
|
154.8
|
182.5
|
|
Consumer
|
17.0
|
25.7
|
21.6
|
21.6
|
21.4
|
|
Agriculture
|
0.4
|
0.4
|
0.1
|
0.1
|
0.6
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BANKING PROFILE
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