Hawaii at a Glance
ECONOMIC INDICATORS
(Change from year ago, unless noted)
|
Employment Growth Rates
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Total Nonfarm (share of trailing four quarter employment in parentheses)
|
-2.3%
|
-1.6%
|
0.8%
|
-0.9%
|
1.3%
|
Manufacturing (2%)
|
-3.5%
|
-2.8%
|
-1.7%
|
-2.4%
|
-0.3%
|
Other (non-manufacturing) Goods-Producing (6%)
|
-7.0%
|
-5.1%
|
4.2%
|
-2.8%
|
7.1%
|
Private Service-Producing (71%)
|
-3.4%
|
-2.4%
|
0.8%
|
-1.6%
|
1.0%
|
Government (20%)
|
3.4%
|
2.9%
|
0.0%
|
2.4%
|
0.7%
|
Unemployment Rate (% of labor force)
|
4.9%
|
4.2%
|
2.9%
|
4.0%
|
2.6%
|
|
|
|
|
|
|
Other Indicators
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Single-Family Home Permits
|
-60.1%
|
-39.7%
|
-41.0%
|
-46.6%
|
-19.5%
|
Multifamily Building Permits
|
33.5%
|
38.6%
|
-37.4%
|
-14.0%
|
15.3%
|
Home Price Index
|
-4.8%
|
-3.3%
|
1.4%
|
-2.8%
|
3.0%
|
Nonbusiness Bankruptcy Filings per 1000 people (quarterly annualized level)
|
1.87
|
1.65
|
1.08
|
1.55
|
1.04
|
|
|
|
|
|
|
BANKING TRENDS
|
General Information
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Institutions (#)
|
9
|
9
|
9
|
9
|
9
|
Total Assets (in millions)
|
37,047
|
36,697
|
38,102
|
37,047
|
38,102
|
New Institutions (# < 3 years)
|
2
|
2
|
2
|
2
|
2
|
Subchapter S Institutions
|
0
|
0
|
0
|
0
|
0
|
|
|
|
|
|
|
Asset Quality
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Past-Due and Nonaccrual Loans / Total Loans (median %)
|
1.20
|
1.02
|
0.41
|
1.20
|
0.41
|
ALLL/Total Loans (median %)
|
1.52
|
1.40
|
1.38
|
1.52
|
1.38
|
ALLL/Noncurrent Loans (median multiple)
|
1.86
|
2.45
|
7.08
|
1.86
|
7.08
|
Net Loan Losses / Total Loans (median %)
|
0.55
|
0.35
|
0.33
|
0.36
|
0.17
|
|
|
|
|
|
|
Capital / Earnings
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Tier 1 Leverage (median %)
|
9.26
|
9.49
|
9.57
|
9.26
|
9.57
|
Return on Assets (median %)
|
0.37
|
0.77
|
0.86
|
0.40
|
0.61
|
Pretax Return on Assets (median %)
|
0.44
|
0.77
|
1.29
|
0.45
|
0.89
|
Net Interest Margin (median %)
|
4.26
|
4.26
|
3.68
|
3.90
|
3.90
|
Yield on Earning Assets (median %)
|
5.69
|
5.94
|
6.87
|
5.88
|
6.62
|
Cost of Funding Earning Assets (median %)
|
1.76
|
1.83
|
2.64
|
1.95
|
2.64
|
Provisions to Avg. Assets (median %)
|
0.80
|
0.21
|
0.19
|
0.31
|
0.15
|
Noninterest Income to Avg. Assets (median %)
|
1.04
|
1.00
|
0.91
|
0.64
|
0.84
|
Overhead to Avg. Assets (median %)
|
3.38
|
3.10
|
3.61
|
3.70
|
3.08
|
|
|
|
|
|
|
Liquidity / Sensitivity
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Loans to Assets (median %)
|
74.6
|
74.7
|
63.1
|
74.6
|
63.1
|
Noncore Funding to Assets (median %)
|
25.6
|
28.6
|
26.9
|
25.6
|
26.9
|
Long-term Assets to Assets (median %, call filers)
|
21.3
|
23.2
|
20.1
|
21.3
|
20.1
|
Brokered Deposits (number of institutions)
|
5
|
5
|
4
|
5
|
4
|
Brokered Deposits to Assets (median % for those above)
|
4.0
|
2.2
|
2.8
|
4.0
|
2.8
|
|
|
|
|
|
|
Loan Concentrations (median % of Tier 1 Capital)
|
Q4-08
|
Q3-08
|
Q4-07
|
2008
|
2007
|
Commercial and Industrial
|
113.8
|
107.7
|
89.6
|
113.8
|
89.6
|
Commercial Real Estate
|
336.5
|
297.8
|
208.4
|
336.5
|
208.4
|
Construction & Development
|
33.6
|
36.2
|
42.5
|
33.6
|
42.5
|
Multifamily Residential Real Estate
|
38.7
|
38.9
|
37.3
|
38.7
|
37.3
|
Nonresidential Real Estate
|
140.6
|
116.6
|
124.8
|
140.6
|
124.8
|
Residential Real Estate
|
205.9
|
213.3
|
185.1
|
205.9
|
185.1
|
Consumer
|
18.9
|
16.9
|
17.0
|
18.9
|
17.0
|
Agriculture
|
0.4
|
0.4
|
0.4
|
0.4
|
0.4
|
|
|
|
|
|
|
BANKING PROFILE
|