Hawaii at a Glance
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ECONOMIC INDICATORS
(Change from year ago, unless noted)
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Employment Growth Rates
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Q1-09
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Q4-08
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Q1-08
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2008
|
2007
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|
Total Nonfarm (share of trailing four quarter employment in parentheses)
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-3.0%
|
-2.3%
|
0.6%
|
-0.9%
|
1.3%
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Manufacturing (2%)
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-4.6%
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-3.5%
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-1.5%
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-2.4%
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-0.3%
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Other (non-manufacturing) Goods-Producing (6%)
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-10.4%
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-7.0%
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2.9%
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-2.8%
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7.1%
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Private Service-Producing (71%)
|
-3.7%
|
-3.4%
|
0.3%
|
-1.6%
|
1.0%
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Government (20%)
|
2.1%
|
3.4%
|
1.2%
|
2.4%
|
0.7%
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Unemployment Rate (% of labor force)
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6.6%
|
4.9%
|
3.1%
|
4.0%
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2.6%
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Other Indicators
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Q1-09
|
Q4-08
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Q1-08
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2008
|
2007
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Single-Family Home Permits
|
-43.5%
|
-60.1%
|
-45.8%
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-46.6%
|
-19.5%
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|
Multifamily Building Permits
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28.3%
|
33.5%
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-62.9%
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-14.0%
|
15.3%
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Home Price Index
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-5.6%
|
-5.2%
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-0.5%
|
-3.3%
|
2.8%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.10
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1.87
|
1.26
|
1.55
|
1.04
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BANKING TRENDS
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General Information
|
Q1-09
|
Q4-08
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Q1-08
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2008
|
2007
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|
Institutions (#)
|
9
|
9
|
9
|
9
|
9
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Total Assets (in millions)
|
38,030
|
37,047
|
38,953
|
37,047
|
38,102
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New Institutions (# < 3 years)
|
1
|
2
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2
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2
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2
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Subchapter S Institutions
|
0
|
0
|
0
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0
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0
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|
|
|
|
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Asset Quality
|
Q1-09
|
Q4-08
|
Q1-08
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2008
|
2007
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|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.74
|
1.20
|
0.78
|
1.20
|
0.41
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|
ALLL/Total Loans (median %)
|
1.45
|
1.52
|
1.38
|
1.52
|
1.38
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ALLL/Noncurrent Loans (median multiple)
|
0.75
|
1.86
|
4.52
|
1.86
|
7.08
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Net Loan Losses / Total Loans (median %)
|
0.83
|
0.55
|
0.14
|
0.36
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0.17
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Capital / Earnings
|
Q1-09
|
Q4-08
|
Q1-08
|
2008
|
2007
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|
Tier 1 Leverage (median %)
|
9.28
|
9.26
|
9.58
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9.26
|
9.57
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Return on Assets (median %)
|
0.43
|
0.37
|
0.70
|
0.40
|
0.61
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Pretax Return on Assets (median %)
|
0.57
|
0.44
|
1.10
|
0.45
|
0.89
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Net Interest Margin (median %)
|
4.04
|
4.26
|
3.73
|
3.90
|
3.90
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Yield on Earning Assets (median %)
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5.43
|
5.69
|
6.12
|
5.88
|
6.62
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Cost of Funding Earning Assets (median %)
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1.60
|
1.76
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2.35
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1.95
|
2.64
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Provisions to Avg. Assets (median %)
|
0.63
|
0.80
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0.31
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0.31
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0.15
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Noninterest Income to Avg. Assets (median %)
|
0.88
|
1.04
|
0.80
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0.64
|
0.84
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Overhead to Avg. Assets (median %)
|
3.21
|
3.38
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2.58
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3.70
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3.08
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Liquidity / Sensitivity
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Q1-09
|
Q4-08
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Q1-08
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2008
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2007
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Loans to Assets (median %)
|
70.6
|
74.6
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69.5
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74.6
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63.1
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Noncore Funding to Assets (median %)
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25.8
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25.6
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27.5
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25.6
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26.9
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Long-term Assets to Assets (median %, call filers)
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21.0
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21.3
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21.3
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21.3
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20.1
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Brokered Deposits (number of institutions)
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5
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5
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4
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5
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4
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Brokered Deposits to Assets (median % for those above)
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4.3
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4.0
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2.8
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4.0
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2.8
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Loan Concentrations (median % of Tier 1 Capital)
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Q1-09
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Q4-08
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Q1-08
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2008
|
2007
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Commercial and Industrial
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123.4
|
113.8
|
95.7
|
113.8
|
89.6
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Commercial Real Estate
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330.9
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336.5
|
247.0
|
336.5
|
208.4
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Construction & Development
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34.8
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33.6
|
39.2
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33.6
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42.5
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Multifamily Residential Real Estate
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28.0
|
38.7
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37.0
|
38.7
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37.3
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Nonresidential Real Estate
|
159.9
|
140.6
|
133.1
|
140.6
|
124.8
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Residential Real Estate
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194.8
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205.9
|
192.5
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205.9
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185.1
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Consumer
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15.8
|
18.9
|
16.8
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18.9
|
17.0
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Agriculture
|
0.3
|
0.4
|
0.4
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0.4
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0.4
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BANKING PROFILE
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