THE MICRONESIA INSTITUTE, INC. 1983-2003 a Twenty-Year Review C
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2017 ANNUAL REPORT NAVIGATING TOMORROW CONTENTS 1 Chairman’s Message 3 2017 Financial Summary 4 Year in Review 8 Our Community 12 Our Employees 14 Client Profiles 22 2017 Financial Report 24 Relative Stock Prices 25 Bank of Hawaii Locations 26 Managing Committee 28 Board of Directors 29 Shareholder Information NaVIGATING TOMORROW The story of Bank of Hawaii began on Dec. 27, 1897, when Bank of Hawaii became the first chartered and incorporated bank to do business in the Republic of Hawaii. For more than 120 years, we have been helping generations of families, individuals, community organizations and businesses achieve their dreams. The cover image was taken at Bank of Hawaii’s Main Branch grand re-opening in August 2017, when a new Branch of Tomorrow concept was unveiled for its flagship location in downtown Honolulu. Designed with modern technology, digital conveniences and private spaces for personal interactions, the branch features elements of the Hawaiian voyaging canoe, which has always had special meaning for Bank of Hawaii. The Bank of Hawaii canoe, Ulu o ka lā, was commissioned in 2015 and continues to serve as a symbol for the bank. The unique circular overlay pays tribute to the original iron gate at Main Branch. Bank of Hawaii marked 120 years of doing business in 2017, and continues to help its customers explore new possibilities and navigate toward their financial and life goals. View Bank of Hawaii’s 2017 digital summary annual report, featuring videos of our ©2017, Bank of Hawaii Corporation. Bank of Hawaii®, Bankoh® and the Bank of Hawaii logo are Chairman, clients, registered trademarks of Bank of Hawaii. -
Antonio Borja Won Pat 19 08–1987
H former members 1957–1992 H Antonio Borja Won Pat 19 08–1987 DELEGATE 1973–1985 DEMOCRAT FROM GUAM he son of an immigrant from Hong Kong, at the Maxwell School in Sumay, where he worked until Antonio Borja Won Pat’s long political career 1940. He was teaching at George Washington High School culminated in his election as the first Territorial when Japan invaded Guam in December 1941. Following TDelegate from Guam—where “America’s day begins,” a the war, Won Pat left teaching and organized the Guam reference to the small, Pacific island’s location across the Commercial Corporation, a group of wholesale and retail international dateline. Known as “Pat” on Guam and sellers. In his new career as a businessman, he became “Tony” among his congressional colleagues, Won Pat’s president of the Guam Junior Chamber of Commerce. small-in-stature and soft-spoken nature belied his ability Won Pat’s political career also pre-dated the Second to craft alliances with powerful House Democrats and use World War. He was elected to the advisory Guam congress his committee work to guide federal money towards and in 1936 and served until it was disbanded when war protect local interests in Guam.1 It was these skills and broke out. After the war, Won Pat helped organize the his close relationship with Phillip Burton of California, a Commercial Party of Guam—the island’s first political powerful figure on the House Interior and Insular Affairs party. Won Pat served as speaker of the first Guam Committee, that helped Won Pat become the first Territorial Assembly in 1948 and was re-elected to the post four Delegate to chair a subcommittee. -
Kōkua Creating Good
CONNECTED THROUGH KŌKUA CREATING GOOD. BUILDING STRONGER COMMUNITIES. BANK OF HAWAII COMMUNITY REPORT 2018 workplace where all of our employees feel With nearly half of Hawaii’s people they belong and are able to reach their struggling to get by, the problems full potential to authentically connect outlined in the ALICE report are complex. to the community we serve. Bank of But they’re not insurmountable if we Hawaii has outwardly demonstrated its combine forces to address the issues. support for our LGBTQ community as a One of the most important things for us sponsor of the Honolulu Rainbow Film to do is to realize that the well-being of Festival, and for the first time in 2018, ALICE community members is, in fact, the Honolulu Pride Parade & Festival. our own well-being. We are all connected. I was so proud to march in solidarity Whether we participate from the business, with more than 300 of our employees legislative or philanthropic sectors, we Aloha, and their friends and family alongside each have a vested interest in finding our Bank of Hawaii float in the solutions and ensuring the continued Helping people access a better life Honolulu Pride Parade in October. health of our community. is what Bank of Hawaii does both in a A number of natural disasters in Bank of Hawaii has been helping the professional capacity, and as a caring 2018—volcanic eruptions, typhoons community for over 120 years, and collaborative partner in the community. and tropical storms—brought increased we invite others to partner with our We invest in the innovative vision of challenges to our community, and an efforts. -
The Value of Service SUMMARY ANNUAL REPORT 2005 BANK of HAWAII CORPORATION and SUBSIDIARIES
the value of service SUMMARY ANNUAL REPORT 2005 BANK OF HAWAII CORPORATION AND SUBSIDIARIES FINANCIAL SUMMARY (DOLLARS IN THOUSANDS EXCEPT PER SHARE AMOUNTS) FOR THE YEAR ENDED DECEMBER 31 2005 2004 EARNINGS HIGHLIGHTS AND PERFORMANCE RATIOS Net Income $ 181,561 $ 173,339 Basic Earnings Per Share 3.50 3.26 Diluted Earnings Per Share 3.41 3.08 Dividends Declared Per Share 1.36 1.23 Net Income to Average Total Assets (ROA) 1.81% 1.78% Net Income to Average Shareholders’ Equity (ROE) 24.83% 22.78% Net Interest Margin1 4.37% 4.32% Efficiency Ratio2 53.15% 56.14% AS OF DECEMBER 31 STATEMENT OF CONDITION HIGHLIGHTS AND PERFORMANCE RATIOS Total Assets $ 10,187,038 $ 9,766,191 Net Loans 6,077,446 5,880,134 Total Deposits 7,907,468 7,564,667 Total Shareholders’ Equity 693,352 814,834 Book Value Per Common Share $ 13.52 $ 14.83 Allowance / Loans and Leases Outstanding 1.48% 1.78% Employees (FTE) 2,585 2,623 Branches and Offices 85 87 Market Price Per Share of Common Stock for the Year Ended December 31: Closing $ 51.54 $ 50.74 High $ 54.44 $ 51.10 Low $ 43.82 $ 40.97 FOR THE QUARTER ENDED DECEMBER 31 EARNINGS HIGHLIGHTS AND PERFORMANCE RATIOS Net Income $ 44,781 $ 46,241 Basic Earnings Per Share 0.88 0.86 Diluted Earnings Per Share 0.86 0.82 Net Income to Average Total Assets (ROA) 1.76% 1.89% Net Income to Average Shareholders’ Equity (ROE) 25.19% 23.63% Net Interest Margin1 4.42% 4.40% Efficiency Ratio2 53.92% 55.37% 1 The net interest margin is defined as net interest income, on a fully-taxable equivalent basis, as a percentage of average earning assets. -
United States Securities and Exchange Commission Form
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): September 4, 2020 FIRST HAWAIIAN, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Jurisdiction of Incorporation) 001-14585 99-0156159 (Commission File Number) (IRS Employer Identification No.) 999 Bishop St., 29th Floor Honolulu, Hawaii 96813 (Address of Principal Executive Offices) (Zip Code) (808) 525-7000 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class: Trading Symbol(s) Name of each exchange on which registered: Common Stock, par value $0.01 per share FHB NASDAQ Global Select Market Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). -
Catalog of Available Texts and Educational
Publishing exceptional scholarly and literary texts about Guam and Micronesia. Catalog of Available Texts and Educational Resources About University of Guam Press The University of Guam Press (UOG Press) publishes an array of academic and literary books and journals with a specific focus on the unique history, environment, peoples, cultures, and languages of the islands that make up the Western Pacific region. The University of Guam Press strives to increase the availability of ex- ceptional scholarly and literary texts that can be used as learning resources about Guam and Micronesia for people and institutions in the region and throughout the world. UOG Press is an integral part of the Richard Flores Taitano Micronesian Area Re- search Center (MARC), which holds the most extensive repository of information about Guam and Micronesia. UOG Press extends the MARC’s mission of collect- ing, preserving, and providing access to reliable and accurate information about the peoples and cultures of the Western Pacific, thereby advancing scholarship and learning in and about the region. UOG Press has two major publishing components – MARC Publications and Taiguini Books. MARC Publications is dedicated to publishing research-based, evidence-driven academic texts pri- marily focused on historical and contemporary issues impacting the social, political, economic, and sustainable development of Western Pacific islands and communities. Taiguini Books publishes cultural and indigenous literature for adult and children, with the goal of capturing and preserving the eloquence and depth of the region’s dynamic storytelling tradition in written form. The University of Guam also publishes four journals: Micronesica (http://micronesica.org), a multidisciplinary, peer review journal encompassing natural science topics from Micronesia and the surrounding Pacific region, which is available for free online. -
Bank of Hawaii RSSD # 795968
PUBLIC DISCLOSURE August 8, 2016 COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Bank of Hawaii RSSD # 795968 130 Merchant Street Honolulu, Hawaii, 96813 Federal Reserve Bank of San Francisco 101 Market Street San Francisco, California 94105 NOTE: This document is an evaluation of this institution’s record of meeting the credit needs of its entire community, including low‐ and moderate‐income neighborhoods, consistent with the safe and sound operation of the institution. This evaluation is not, nor should it be construed as, an assessment of the financial condition of this institution. The rating assigned to this institution does not represent an analysis, conclusion or opinion of the federal financial supervisory agency concerning the safety and soundness of this financial institution. Bank of Hawaii CRA Public Evaluation Honolulu, Hawaii August 8, 2016 TABLE OF CONTENTS INSTITUTION RATING ................................................................................................ 1 Institution’s CRA Rating ....................................................................................................... 1 INSTITUTION ........................................................................................................... 2 Description of Institution ..................................................................................................... 2 Scope of Examination .......................................................................................................... 3 CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS -
PUBLIC POLICY: by Submitted in Partial Fulfillment of the Requirements for the Degree of in Dr. Jungho Baek, Committee Chair
Tourism development and public policy: perceptions of the Chuukese community Item Type Thesis Authors Perez, Gerald San Agustin Download date 05/10/2021 09:13:24 Link to Item http://hdl.handle.net/11122/10527 TOURISM DEVELOPMENT AND PUBLIC POLICY: PERCEPTIONS OF THE CHUUKESE COMMUNITY By Gerald San Agustin Perez A Dissertation Submitted in Partial Fulfillment of the Requirements For the Degree of Doctor of Philosophy in Rural Tourism Development: Interdisciplinary Program University of Alaska Fairbanks May 2019 APPROVED: Dr. Jungho Baek, Committee Chair Dr. Fred Schumann, Committee Co-Chair Dr. Jennifer Caroll, Committee Member Dr. Ansito Walter, Committee Member Dr. Mark Herrmann, Dean School of Management Dr. Michael Castellini, Dean of the Graduate School Abstract Tourism is a widely used tool for economic development in small insular communities. This mixed methods study examines factors that influence residents' perceptions toward tourism development in Chuuk and the relevance of “complexity theory” in describing the island's stage of development. Empirical evidence and data triangulation corroborate general support for tourism development and sensitivity to cultural impacts, economic impacts, social impacts, environmental impacts, local control and sustainability. Economic and cultural impacts were the strongest factors influencing perceptions and are most significant to sustainable development and destination development. This reflects residents' beliefs that the island will benefit from tourism because of perceived improvements in the economy, infrastructure, tourist facilities and expanded social amenities. It also reflects residents' expectations for long term planning, managed growth, and laws to protect the environment. Some differences and similarities are noted between sampled residents living in Chuuk and Guam. -
The National Union
j .1 S, * & ?•"<.•*•*• -•"*=--*• — - - State, FSM ,,^"^ #£& FSM Congress convened in its 4th Regular Session PALIKIR, Pohnpei (FSM INFOR- (Chuuk), Wagner Lawrence (Pohnpei) the FSM is fast approaching. Fisheries MATION SERVICE) - FSM Congress and Moses Mackwelung (Kosrae) as development was believed to be the Speaker Jack Fritz presided over the members. way to achieve economic self-suffi- opening day of the Fourth Regular Ses- The Committee informed the Presi- ciency and large sums were invested in sion of theEighth Congress, with eleven dent that Congress was in session and this area. But, "... our investments in- members present, and three were ex- would entertian any issue, legislation or vestments are going down the drain," he cused. matters that the President might wish lamented. Adding that he's beginning FSM President Bailey Olter, Vice Congress to consider. to agree with Deputy Secretary John President Jacob Nena and Acting Chief In his remarks during miscellaneous Mangefel who told the state and Na- Justice Andon Amaraich attended the business, Speaker Fritz reminded his tional Leadership Conference partici- opening day and were introduced for colleagues that this was the last regular pants that, ".... all this talk about fish recognition by Senator Redley Killion, session of this Eighth Congress thus it may turn out to be another fish story." from the State of Chuuk. must start with a clean slate. Congress He said the FSM has put all its eggs into The Invocation was given by Rev. must also accept its share of FSM suc- a basket full of holes. Dakio Syne, from the Church of Christ. cesses and its failures as part of the FSM Regarding the external debt of the The National Anthem was sung by leadership, said Fritz. -
Extensions of Remarks 11865 Extensions of Remarks
May 20, 1980 EXTENSIONS OF REMARKS 11865 EXTENSIONS OF REMARKS The above statistics certainly do not conform to the legislative intent of LIFO. Thus, something must be done to reverse these statistics and help in HON.HENRYJ.NOWAK crease small business' use of LIFO. Small business' desire for simplifica._ OF NEW YORK tion of the inventory accounting rules is not a quest for favorable tax treat ment. It is simply an issue of equity. REASONS FOR NOT USING LIFO The complexity of the law makes proper compliance with current inven tory methods a veritable nightmare. In particular, small business finds it difficult to administer the detailed rec ordkeeping required in order to make a proper LIFO election. This record keeping requires computation of sever al inventory pools or the establish ment of an accurate statistical index. This can only be accomplished by hiring a highly paid tax professional, something a small business person cannot afford. THE CASH METHOD Under the cash method, expendi tures are deducted in the tax year in which they are actually paid. This method simplifies the need for record- e This "bullet" symbol identifies statements or insertions which are not spoken by the Member on the floor. CXXVI--747-Pa.rt 9 11866 EXTENSIONS OF REMARKS May 20, 1980 keeping. It is also suggested that the cost of materials. An art collector, future with other trading nations, cash method would assist small busi however, donating the same piece of that our success in our home economy ness in complying with the law. Small art into the public domain, would re and in world markets is vitally neces farms are presently the only type of ceive a donation equal to the fair sary to our children and their children business entity allowed to use the cash market value. -
Hon. Yosiwo P. George Eighth Vice President of the Federated States of Micronesia
Hon. Yosiwo P. George Eighth Vice President of the Federated States of Micronesia George was born in Kosrae on July 24th, 1941. His rich and varied public and political life started during the Trust Territory of the Pacific Islands (TTPI) and has continued through today. His public service experiences began as an Engineer Trainee at the Pohnpei Transportation Authority, later as a classroom teacher in Kolonia Elementary School, and then as the TTPI Social Security manager in Saipan. George later served as Kosrae's Lieutenant Governor for a partial term, when he was appointed by the 1st President of the FSM, Tosiwo Nakayama, as the Director of Department of Social Services with foci on health, education, and community services. After many accomplishments in the Department of Social Services, George was reminded again of his home in Kosrae, and ran for Governor of Kosrae State, where he served two full and consecutive terms. George was then appointed by President Bailey Olter to serve as the Ambassador of the FSM to the United Nations, where he served with distinction for three years. International service on behalf of the FSM inspired George to run for a seat in the Congress of the FSM, and in the 10th Congress he began his service as a Senator for four years. George was later appointed by Governor Rensley Sigrah to serve as the Chief Justice for Kosrae State Court, where he served until 2006 when he was then called upon by President Manny Mori to serve as the Administrator for MiCare. After several years of dedicated service, President Mori appointed George to be the Ambassador of the FSM to the United States, which additional accreditation to the State of Israel. -
First Special Session Twentieth Congress
JOURNAL FIRST SPECIAL SESSION TWENTIETH CONGRESS of the Federated States of Micronesia MAY 11, 2017 to MAY 10 2019 PALIKIR, POHNPEI Convened on Tuesday, the 6th of July 2017 Adjourned on Saturday, the 15th of July 2017 Twentieth Congress of the Federated States of Micronesia FIRST SPECIAL SESSION May 11, 2017 and May 10, 2019 TABLE OF CONTENTS SECTION Page No. CERTIFICATION................................................................................................. iii ORGANIZATION ............................................................. ............................. iv-vi Leadership and Membership ............................................................. iv Standing Committees ......................................................................... v Congressional Offices ....................................................................... vi SUMMARY OF LEGISTRATION ................................................................ viii-x DAILY JOURNAL INDEX .................................................................................. xii DAILY JOURNAL .......................................................................................... 2-184 STANDING COMMITTEE REPORTS ..................................................... 185-208 Presidential Communications ............................................................. 209-213 FSM Supreme Court Communications ............................................... 214-215 Member Communications .................................................................. 216-217