POSTED: 12:15 p.m. HST, Jan 7, 2014
LAST UPDATED: 8:01 a.m. HST, Jan 8, 2014
Bank of Hawaii has been named one of the top-performing banks in the country by Forbes magazine for the fifth year in a row.
The state's second-largest bank, with $14 billion in assets, was ranked fifth among the top 100 largest U.S. banks and thrifts.
Bankoh was ranked first in 2009 and 2010 and placed second in 2011 and 2012.
The rankings were based on return on average equity, net interest margin, nonperforming loans as a percentage of loans, nonperforming assets as a percentage of assets, reserves as a percentage of nonperforming loans, two capital ratios (Tier 1 and risk-based), leverage ratio and revenue growth.
Forbes partnered with SNL Financial to conduct the study, which was published online by Forbes on Dec. 18.
Houston-based Prosperity Bancshares, with $16 billion in assets, ranked No. 1 after finishing fourth the previous year.
First Hawaiian Bank, the state's largest bank, was ineligible for the list because it is owned by Paris-based BNP Paribas.