Isle banks see loan growth

Low rates led to mixed results for 3 institutions but deposits rose in the final quarter of 2012

By Dave Segal

POSTED: 02:30 a.m. HST, Jan 31, 2013

~~<p>Hawaii's largest banks, navigating through a sluggish economy, posted mixed fourth-quarter earnings but finished the year with similar trends: modest loan growth, increased deposits and a smaller difference between lending rates and deposit rates.</p>
<p>Bank of Hawaii Corp., the state's second-largest bank with $13.7 billion in assets, said Wednesday earnings rose 2.7 percent to $40.3 million. The bank rewarded CEO Peter Ho with a 20 percent, or $150,000, raise in base salary to $900,000, effective April 1. Bankoh's stock slipped 10 cents to $47.78.</p>
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Hawaii's largest banks, navigating through a sluggish economy, posted mixed fourth-quarter earnings but finished the year with similar trends: modest loan growth, increased deposits and a smaller difference between lending rates and deposit rates.

Bank of Hawaii Corp., the state's second-largest bank with $13.7 billion in assets, said Wednesday earnings rose 2.7 percent to $40.3 million. The bank rewarded CEO Peter Ho with a 20 percent, or $150,000, raise in base salary to $900,000, effective April 1. Bankoh's stock slipped 10 cents to $47.78. Login for more...