Forbes Names Bank of Hawaii America’s Best Bank, Again

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Guam -For the second year in a row, Forbes Magazine has named Bank of Hawaii the nation’s best bank among the 100 largest banks and thrifts. (The rankings were published in its Dec. 20 online edition.)

 Peter Ho, Bank of Hawaii chairman and chief executive officer, said, “Attaining this ranking for two consecutive years now certainly reflects positively on the quality of our community, our clients, and especially our people. This is a nice tribute to our employees, who work tirelessly to meet our customers’ financial needs.”

To determine the ranking, Forbes partnered with SNL Financial and evaluated U.S. owned banks and thrift institutions ranging in asset size from $4.7 billion (Independent Bank) to $2.3 trillion (Bank of America). Bank of Hawaii has assets of $12.7 billion.

 The Forbes/SNL ranking was based on eight different financial performance measures, which included:

  • return on average equity,

  • net interest margin,

  • non-performing loans as a percentage of loans,

  • non-performing assets as percentage of assets,

  • reserves as a percentage of non-performing loans,

  • two capital ratios (Tier 1 and risk-based), and

  • leverage ratio.