The announcement was made by Don Horner, First Hawaiian Bank chairman and chief executive officer.
Compared to the previous year, for the first three months ending March 31, 2010, First Hawaiian achieved the following:
• Total Assets: grew to a record $14.3 billion, an increase of 6.7 percent.
• Deposits: were $10.2 billion, up 7.3 percent.
• Loans and Leases: were $8 billion, a 0.5 percent increase
• Capital (Net Worth): was in excess of $2.5 billion and remained well above Hawaii banks and in the top quartile nationally as a percentage of total assets.
• Non-Performing Assets to Total Assets: remained one of the best in the U.S. at 0.2 percent.
• Efficiency Ratio: Was 43.8 percent, making First Hawaiian the most productive bank in Hawaii and one of the most efficient in the nation.
