FDIC Certificate #: 24989 Status: Inactive Closing history: Corrections Acquiring institution:First Hawaiian Bank (#17985) Federal Reserve ID: 728265 Date Established: June 01, 1975 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 13 (Interstate: No) OTS Docket #: 9150 FDIC's unique #: 17313 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 21, 1984 Last Structure Change Effective Date: June 19, 1998 Last Structure Change Process Date: June 30, 1998 Last Data Update: March 08, 2000 Data Source Date: April 05, 2012
Location
Address: 1314 South King Street, 2nd Floor, Honolulu, HI 96814 County: Honolulu Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Los Angeles (North) Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Honolulu, HI (#3320) Core Based Statistical Area (CBSA): Honolulu, HI (#26180) CBSA Metro Statistical Area: Honolulu, HI (#26180)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $416.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
82Total employees (full-time equivalent)
$430,379Total assets
$4,523Cash and due from depository institutions
$2,000Interest-bearing balances
$32,946Securities
$5,800Federal funds sold & reverse repurchase agreements
$377,956Net loans & leases
$7,403Loan loss allowance
$0Trading account assets
$2,179Bank premises and fixed assets
$2,040Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,935All other assets
$430,379Total liabilities and capital
$376,092Total liabilities
$361,756Total deposits
$361,752Interest-bearing deposits
$361,756Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,002Other borrowed funds
$0Subordinated debt
$3,334All other liabilities
$54,287Total equity capital
$54,287Total bank equity capital
$54,287Perpetual preferred stock
$0Common stock
$5,000Surplus
$5,290Undivided profits
Memoranda
$43,997Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$15,599Earning assets
$0Long-term assets (5+ years)
$1,915Average Assets, year-to-date
$418,702Average Assets, quarterly
$16,885Volatile liabilities
$437,556Insider loans
$434,054FHLB advances
$131,261Loans and leases held for sale
$38,436Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$27,141Total unused commitments
$0Restructured Loans and leases
$323,248Derivatives
$45,311Total assets and liabilities in foreign offices
Income and Expense (December 31, 1997)
Dollar figures in thousands
$40,244Total interest income
$20,061Total interest expense
$20,183Net interest income
$310Provision for loan and lease losses
$164Total noninterest income
$0Fiduciary activities
$1Service charges on deposit accounts
$0Trading account gains & fees
$163Additional noninterest income
$7,850Total noninterest expense
$4,307Salaries and employee benefits
$1,554Premises and equipment expense
$1,989Additional noninterest expense
$12,187Pre-tax net operating income
$0Securities gains (losses)
$4,847Applicable income taxes
$7,340Income before extraordinary items
$0Extraordinary gains - net
$7,340Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$610Sale, conversion, retirement of capital stock, net
$3,400Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.40%Yield on earning assets
4.69%Cost of funding earning assets
4.72%Net interest margin
0.04%Noninterest income to earning assets
1.83%Noninterest expense to earning assets
1.68%Net operating income to assets
1.68%Return on assets (ROA)
2.79%Pretax return on assets
14.04%Return on equity (ROE)
7.54%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
50.82%Credit loss provision to net charge-offs
20.49%Efficiency ratio
38,581Assets per employee
5.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
46.32%Loss allowance to loans
1.92%Loss allowance to noncurrent loans
47.46%Noncurrent assets plus other real estate owned to assets
4.10%Noncurrent loans to loans
4.05%Net loans and leases to deposits
104.48%Net loans and leases to core deposits
158.47%Equity capital to assets
12.61%Core capital (leverage) ratio
12.51%Tier 1 risk-based capital ratio
16.79%Total risk-based capital ratio
Memoranda
$18Average assets
$437,556Average earning assets
$52,286Average equity
$427,931Average loans
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