13 banks currently operate in the state of Hawaii. These are banks that are also insured by the federal deposit insurance corporation. Of this amount, 7 of these banks are headquartered in the state and therefore can be considered Hawaii-based banks. Banks operating within the state had in total $68 billion of assets, $60 billion of deposits and $37 billion of loans outstanding as of this writing. Banks in Hawaii state currently employ a total of 6,494 people within the state. This amounts to 0.5% of the overall population of the state. In addition, residential mortgages made up 26% of the assets managed by banks operating within the state.

Density of Banks in the State of Hawaii

Banks in this state currently have a total of 238 branches located within the state. This equates to 1.7 branches per 10,000 people in Hawaii.  If we take the data on the banks in Hawaii and compare it with the banks operating in other states, we find that on this metric, banks in Hawaii rank 46th out of the 52 states and territories. This is ranked in order of most to least branches per capita.  Taking a different approach, let’s look at the physical density of branches within this state. When the total square mileage of a state is factored in, banks in Hawaii had on average 3.7 branches per 100 square miles. Therefore, Hawaii ranks 24th out of 52 states and territories in terms of the most branches per square mile.

Performance of Banks in Hawaii

performance-of-banks-in-Hawaii

  • Net Interest Margin – banks in this state are on average above the national average on this metric. In total the net interest margin for the banks in Hawaii is ranked 42nd out of the 52 states and main territories in the country.
  • Return on Assets – banks in the state of Hawaii are on average lower the average bank’s Return on Assets in the United States. Overall, the Return on Assets for banks in Hawaii is ranked 39th out of the 52 states and main territories in the United States.
  • Return on Equity – banks in this state on average have a higher return on equity than the national average. Overall, the Return on Equity for banks in Hawaii is ranked 22nd out of the 52 states and main territories in the country.
  • Loan to Deposit – this is an important metric to gauge the liquidity of a bank. Banks in this state are on average below the national average when it comes to loan to deposit. A lower loan to deposit ratio means the bank is more comfortably funding its loan activities using its deposit base. Overall, banks in Hawaii are ranked 37th out of the 52 states and main territories in the country when it comes to loan to deposits.
  • Nonperforming Assets – this metric gives us an idea of the quality of a bank’s assets and their performance. Banks in this state are on average better than the national average when it comes to nonperforming assets. We’re specifically looking at the level of nonperformance among the asset base. A higher figure indicates lower quality. Overall, banks in Hawaii are ranked 2nd out of the 52 states and main territories in the country when it comes to the percentage of their assets that are nonperforming.

5 Largest Banks in Hawaii

deposit-market-share-of-banks-in-Hawaii

Based on the latest available data, Bank of Hawaii is the largest bank operating in Hawaii based on its deposit share. Bank of Hawaii currently has a 34% share of deposits within the state. Below is summary information on the top 5 largest banks in Hawaii.

Bank of Hawaii

Bank of Hawaii currently has the largest share of deposits within the state and has $19.2 billion of deposits. In addition to this the bank also has 50 offices within the state, which represents 102% of its total domestic offices.

Main Office Address: 111 S. King St. Honolulu, HI 96813

Website: www.boh.com

First Hawaiian Bank

First Hawaiian Bank currently has the second largest share of deposits within the state and has $19.1 billion of deposits. The bank also has 49 offices within the state, which represents 100% of its total domestic offices.

Main Office Address: 999 Bishop St, 3rd Fl. Honolulu, HI 96813

Website: https://www.fhb.com

American Savings Bank, FSB

American Savings Bank, FSB currently has the third largest share of deposits within the state and has $7.9 billion of deposits. The bank also has 42 offices within the state, which represents 98% of its total domestic offices.

Main Office Address: 300 N. Beretania St. Honolulu, HI 96817

Website: www.asbhawaii.com

Central Pacific Bank

Central Pacific Bank currently has the fourth largest share of deposits within the state and has $6.4 billion of deposits. Further, the bank also has 31 offices within the state, which represents 100% of its total domestic offices.

Main Office Address: 220 S. King St. Honolulu, HI 96813

Website: WWW.CPB.BANK

Territorial Savings Bank

Territorial Savings Bank currently has the fifth largest share of deposits within the state and has $1.7 billion of deposits. In addition, the bank also has 30 offices within the state, which represents 100% of its total domestic offices.

Main Office Address: 1000 Bishop St. Honolulu, HI 96813

Website: WWW.TSBHAWAII.BANK