Forbes names Bank of Hawaii top bank again - Hawaii News Now - KGMB and KHNL

Forbes names Bank of Hawaii top bank again

HONOLULU (HawaiiNewsNow) - The healthiest U.S. bank for a second straight year is the Bank of Hawaii, according to Forbes Magazine.

In ranking the bank, Forbes reports that Bank of Hawaii, which has $12.7 billion in assets, finished well in front of any other bank, thanks to top 10 rankings in five of the eight measures of financial health we used.

The magazine says Bank of Hawaii stayed very conservative in its underwriting strategy during the housing bubble, which helped minimize the bad loans on its books today.

Its reserves are three times the size of its nonperforming loans, second-best among big banks.

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

Forbes evaluates the 100 largest U.S.-owned banks and thrift institutions ranging in asset size from $4.7 billion to $2.3 trillion with partner SNL Financial.

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