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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Q2-09
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Q1-09
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Q2-08
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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%
|
-3.0%
|
-0.4%
|
-0.9%
|
1.3%
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|
Manufacturing (2%)
|
-4.9%
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-4.6%
|
-1.7%
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-2.4%
|
-0.3%
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|
Other (non-manufacturing) Goods-Producing (6%)
|
-14.0%
|
-10.4%
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-1.6%
|
-2.8%
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7.1%
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Private Service-Producing (71%)
|
-3.8%
|
-3.7%
|
-0.9%
|
-1.6%
|
1.0%
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Government (21%)
|
3.0%
|
2.1%
|
1.9%
|
2.4%
|
0.7%
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Unemployment Rate (% of labor force)
|
7.2%
|
6.6%
|
3.7%
|
4.0%
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2.6%
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Other Indicators
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Q2-09
|
Q1-09
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Q2-08
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2008
|
2007
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|
Single-Family Home Permits
|
-35.8%
|
-43.5%
|
-45.2%
|
-46.6%
|
-19.5%
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|
Multifamily Building Permits
|
-93.6%
|
28.3%
|
-2.4%
|
-14.0%
|
15.3%
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Home Price Index
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-7.8%
|
-5.7%
|
-3.2%
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-3.6%
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2.5%
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|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
2.32
|
2.10
|
1.43
|
1.55
|
1.04
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BANKING TRENDS
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General Information
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
|
|
Institutions (#)
|
9
|
9
|
9
|
9
|
9
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|
Total Assets (in millions)
|
39,343
|
38,030
|
37,175
|
37,047
|
38,102
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New Institutions (# < 3 years)
|
0
|
1
|
2
|
2
|
2
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Subchapter S Institutions
|
0
|
0
|
0
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0
|
0
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|
|
|
|
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Asset Quality
|
Q2-09
|
Q1-09
|
Q2-08
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2008
|
2007
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|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
2.88
|
2.74
|
0.81
|
1.20
|
0.41
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|
Noncurrent Loans / Total Loans (median %)
|
1.48
|
1.75
|
0.37
|
0.53
|
0.16
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ALLL/Total Loans (median %)
|
1.71
|
1.45
|
1.57
|
1.52
|
1.38
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ALLL/Noncurrent Loans (median multiple)
|
0.78
|
0.75
|
3.40
|
1.86
|
7.08
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Net Loan Losses / Total Loans (median %)
|
0.96
|
0.83
|
0.14
|
0.36
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0.17
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Capital / Earnings
|
Q2-09
|
Q1-09
|
Q2-08
|
2008
|
2007
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|
Tier 1 Leverage (median %)
|
8.74
|
9.28
|
9.64
|
9.26
|
9.57
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Return on Assets (median %)
|
0.27
|
0.43
|
0.42
|
0.40
|
0.61
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Pretax Return on Assets (median %)
|
0.37
|
0.57
|
0.58
|
0.45
|
0.89
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Net Interest Margin (median %)
|
3.92
|
4.04
|
3.78
|
3.90
|
3.90
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Yield on Earning Assets (median %)
|
5.16
|
5.43
|
5.84
|
5.88
|
6.62
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Cost of Funding Earning Assets (median %)
|
1.47
|
1.60
|
1.89
|
1.95
|
2.64
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Provisions to Avg. Assets (median %)
|
0.97
|
0.63
|
0.20
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0.31
|
0.15
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Noninterest Income to Avg. Assets (median %)
|
0.78
|
0.88
|
0.41
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0.64
|
0.84
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Overhead to Avg. Assets (median %)
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3.23
|
3.21
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3.58
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3.70
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3.08
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Liquidity / Sensitivity
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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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Net Loans to Assets (median %)
|
65.4
|
69.4
|
72.0
|
72.9
|
62.2
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Noncore Funding to Assets (median %)
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25.3
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25.8
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26.3
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25.6
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26.9
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Long-term Assets to Assets (median %, call filers)
|
19.8
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21.0
|
23.1
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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)
|
3.5
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4.3
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4.1
|
4.0
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2.8
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Loan Concentrations (median % of Total Risk-Based Capital)
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Q2-09
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Q1-09
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Q2-08
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2008
|
2007
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Commercial and Industrial
|
102.4
|
111.0
|
98.9
|
105.7
|
84.7
|
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Commercial Real Estate
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299.5
|
300.7
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250.7
|
306.1
|
198.4
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Construction & Development
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32.9
|
32.6
|
30.3
|
31.5
|
36.7
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Multifamily Residential Real Estate
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25.8
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25.6
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35.2
|
34.4
|
33.5
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Nonresidential Real Estate
|
139.7
|
143.8
|
117.4
|
126.9
|
113.8
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Residential Real Estate
|
181.2
|
175.3
|
188.0
|
182.9
|
168.7
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Consumer
|
18.2
|
14.5
|
13.7
|
17.5
|
15.4
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Agriculture
|
0.3
|
0.3
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0.4
|
0.4
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0.4
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BANKING PROFILE
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