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Tuesday, September 23, 2014         

OHANA PACIFIC BANK EARNINGS


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Loans, deposits and assets grow despite 7.3% decline in net profit

By Dave Segal

POSTED: 01:30 a.m. HST, Aug 01, 2014

~~<p>Ohana Pacific Bank rode double-digit-percentage loan growth to its 15th consecutive profitable quarter, but earnings fell 7.3 percent amid lower fee income and expenses tied to the opening of a Kalihi branch in December.</p>
<p>The state's smallest bank, which on Dec. 14 opened an in-store branch within the Palama Super Market in Kalihi, said earnings fell to $242,000 in the second quarter from $261,000 in the year-earlier period.</p>
~~

Ohana Pacific Bank rode double-digit-percentage loan growth to its 15th consecutive profitable quarter, but earnings fell 7.3 percent amid lower fee income and expenses tied to the opening of a Kalihi branch in December.

The state's smallest bank, which on Dec. 14 opened an in-store branch within the Palama Super Market in Kalihi, said earnings fell to $242,000 in the second quarter from $261,000 in the year-earlier period. Login for more...



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