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Q2 2026 · read from the 30 June 2026 Call Report · United States · Pacific · Hawaii, the state note

Bank of Hawaii

Honolulu, Hawaii · $23.81B in assets · beside the 11 other the Pacific states banks over $10B (the state alone holds too few in the band to rank)

The filing

68.2%
Loans / deposits
1st of 12
7.5%
Equity / assets
12th of 12
185.7%
CRE / capital
2nd of 12

Bank of Hawaii is the fifth largest of the 12 the Pacific states banks nearest its size over $10B, with $23.81B in assets at 30 June 2026. Loans are 68.2% of deposits, the lowest in the cohort against a median of 81.6%, and equity is 7.5% of assets, the lowest in the cohort. Loans grew +2.1% in the year, 8th of 12, and deposits grew 0.4%; the cohort's median loan growth is +2.6%.

Noncurrent loans are 0.18% of the book, 3rd of 12 against a median of 0.45%; 0.31% is 30 to 89 days past due, and the allowance covers them 5.8 times. Commercial real estate is 27.1% of loans, 3rd of 12 against a median of 39.9%, and 186% of capital, below the 300% screen, with construction at 21% against the 100% screen.

Return on assets is 1.03%, 5th of 12 against a median of 1.02%, on an efficiency ratio of 58.0%, 7th of 12. Five years ago it was 1.17%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.

Loans as a share of depositsPacific states banks over $10B · 30 June 2026 · lower is stronger, listed first
median 81.6% Bo Bank of Hawaii 68.2% FH First Hawaiian Bank 72.3% CB Citizens Business Bank N.A. 73.2% MB Mechanics Bank 75.1% FM Farmers & Merchants Bank Long Be 75.7% Bo Bank of America Ca N.A. 76.7% BB Banner Bank 86.6% Bo Banc of California 89.0% Bo Bank of Hope 94.4% WB Wafd Bank 96.1% CB Cathay Bank 97.6% AB Axos Bank 100.5%
Loans, year over yearPacific states banks over $10B · 30 June 2026 · no better direction, largest first
median +2.6% MB Mechanics Bank +46.9% CB Citizens Business Bank N.A. +43.8% AB Axos Bank +24.6% CB Cathay Bank +4.1% Bo Bank of Hope +4.1% FM Farmers & Merchants Bank Long Be +2.7% BB Banner Bank +2.5% Bo Bank of Hawaii +2.1% Bo Banc of California +1.7% FH First Hawaiian Bank +1.6% WB Wafd Bank -1.2% Bo Bank of America Ca N.A. -12.3%

SBA 7(a), FY2008 to FY2026

Bank of Hawaii is the 3rd largest 7(a) lender into Hawaii of 119, with $56M across 521 loans, 8.8% of everything approved in the state (Central Pacific Bank leads with $91M). 7 of its 8 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Hawaii, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Honolulu, HI$37M3rd of 899.2%thin
Hawaii, HI$11M1st of 4811.3%quiet FY2021
Guam, GU$10M4th of 911.4%quiet FY2022
Maui, HI$6M4th of 456.9%quiet FY2020
Kauai, HI$2M9th of 323.9%quiet FY2014
Orange, CA$250K230th of 2560.0%quiet FY2017
Jackson, MO$200K169th of 1830.0%quiet FY2010
Northern Mariana Islands, MP$150K4th of 51.5%quiet FY2015
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Accommodation & food services78$10M14.7%0.01%577th of 2,596
Construction77$9M14.0%0.03%385th of 2,063
Wholesale trade45$9M14.0%0.04%309th of 1,651
Retail trade96$9M13.1%0.01%529th of 2,589
Professional & technical services59$7M10.6%0.02%358th of 1,955
7(a) lenders into Hawaii, share of approvals since FY2008119 lenders on record; the ten largest and Bank of Hawaii
CP Central Pacific Bank 14.4% $91M · 1,709 loans FH First Hawaiian Bank 9.7% $62M · 482 loans Bo Bank of Hawaii 8.8% $56M · 521 loans LO Live Oak Banking Company 6.9% $44M · 37 loans AS American Savings Bank, National A… 6.1% $39M · 637 loans NB Newtek Bank, National Association 4.2% $26M · 51 loans CB Celtic Bank Corporation 3.9% $25M · 52 loans HN Hawaii National Bank 3.2% $20M · 91 loans CB Commonwealth Business Bank 2.8% $18M · 43 loans NS Newtek Small Business Finance, In… 2.1% $13M · 23 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
Bank of HawaiiRankCohort median
Total CRE against capital, the 300% screen186%2nd of 12263%
Construction against capital, the 100% screen21%6th of 1223%
Construction and land development, share of loans3.2%6th of 124.1%
Non-owner-occupied nonfarm nonresidential, share of loans16.0%6th of 1217.3%
Total CRE, the guidance definition, share of loans27.1%3rd of 1239.9%
CRE growth over 36 months, the third prong+12.0%6th of 11+12.0%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Banc of California$34.90B-0.9%63.7%2.34%1.39%1.0%89.0%10.8%
Axos Bank$28.87B2.1%43.1%0.44%0.09%1.1%100.5%9.7%
Wafd Bank$27.58B1.0%53.5%0.63%0.02%1.1%96.1%11.0%
Cathay Bank$24.64B1.5%40.3%0.54%0.04%1.1%97.6%12.6%
Bank of Hawaii$23.81B1.0%58.0%0.18%0.06%1.0%68.2%7.5%
First Hawaiian Bank$23.65B1.2%55.2%0.30%0.12%1.2%72.3%11.9%
Mechanics Bank$21.25B1.0%62.3%0.41%0.11%1.1%75.1%13.3%
Citizens Business Bank N.A.$21.18B1.0%52.9%0.14%0.00%1.1%73.2%14.7%
Bank of Hope$18.99B0.7%64.2%0.88%0.26%1.0%94.4%12.4%
Banner Bank$16.59B1.3%60.2%0.46%0.02%1.3%86.6%11.9%
Bank of America Ca N.A.$14.81B0.7%43.0%0.66%-0.02%0.1%76.7%13.1%
Farmers & Merchants Bank Long Be$11.77B1.0%60.6%0.01%-0.03%1.3%75.7%13.9%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
Bank of HawaiiCohort median
20212026Change20212026Change
Loans$12.09B$14.29B+18%$11.82B$14.43B+22%
Deposits$20.39B$20.97B+3%$15.72B$19.13B+22%
NPA / loans0.21%0.18%-0.04 pts0.30%0.45%+0.15 pts
Efficiency59.2%58.0%-1.2 pts51.9%56.6%+4.7 pts
ROA1.17%1.03%-0.14 pts1.21%1.02%-0.20 pts

This read was prepared for Bank of Hawaii's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on Bank of Hawaii is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort Pacific states banks over $10B
Institution www.boh.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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