First Hawaiian Bank Mortgage Rates, Fees & Info

Honolulu, HI

LEI: WWJYKHS2UNKSDW8XLB53

Tax ID: 99-0034327

1 stars - out of 5 stars, based on 69 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

First Hawaiian Bank is a small bank specializing in Refi, Home Purchase, and Cash Out Refi loans. First Hawaiian Bank has a high proportion of conventional loans. Their top markets include Urban Honolulu, Kahului, Hilo, and Kapaa among others. First Hawaiian Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. First Hawaiian Bank is typically a high fee lendor.


Originations

4,712

Origination Dollar Volume (All Markets)

$1,902,180,000

Employee count

2,036

Relative Rate

First Hawaiian Bank's average 30 year fixed rate mortgage of loans were 2.8%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.35%.

Relative Fees

First Hawaiian Bank's average total fees for a 30 year fixed rate mortgage are $10,364.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
URBAN HONOLULU, HI (FHA|USDA|VA) 3,100 $1,245,230,000 $401,687 $9,958 2.61%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 792 $372,980,000 $470,934 $10,136 3.23%
Hilo, HI (FHA|USDA|VA) 512 $159,050,000 $310,645 $9,049 2.93%
Kapaa, HI (FHA|USDA|VA) 308 $124,920,000 $405,584 $9,331 2.93%

First Hawaiian Bank's top markets include Urban Honolulu, Kahului, Hilo, and Kapaa among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 4,704 $1,897,320,000 $403,342 $9,858 2.77%
VA 8 $4,860,000 $607,500 $12,770 2.56%

For the 2021 period, First Hawaiian Bank's most frequently originated loan type of loans were Conventional, with 4,704 originations. Their 2nd most popular type is VA, with 8 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 1,488 $546,040,000 $366,962 $9,233 2.71%
Home Purchase 1,204 $671,890,000 $558,048 $9,858 3.24%
Cash Out Refi 813 $398,285,000 $489,895 $10,511 2.87%
Other 781 $190,295,000 $243,656 $9,878 2.34%
Home Improvement 426 $95,670,000 $224,577 $7,627 2.25%

For the 2021, First Hawaiian Bank's most frequently cited loan purpose of loans were Refi, with 1,488 originations. The 2nd most popular reason of loans were Home Purchase, with 1,204 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 4,179 $1,712,855,000 $409,872 $10,364 2.80%
15 Year 468 $148,760,000 $317,863 $7,593 2.46%
Other 28 $12,600,000 $450,000 $8,045 3.21%
10 Year 19 $17,835,000 $938,684 $4,814 3.06%
20 Year 14 $5,890,000 $420,714 $8,835 2.77%
1 Year 3 $2,895,000 $965,000 $13,561 4.37%
5 Year 1 $1,345,000 $1,345,000 $0 3.50%

For the 2021, First Hawaiian Bank's most frequently cited loan length of loans were 30 Year, with 4,179 originations. The 2nd most popular length of loans were 15 Year, with 468 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$5k+ 1,557 $975,495,000 $626,522
$3k-4k 784 $274,480,000 $350,102
$2k-3k 276 $65,880,000 $238,696
$1k-2k 151 $49,995,000 $331,093
$<1k 45 $24,555,000 $545,667

$10,364 of loans were First Hawaiian Bank's average total fees, while their most frequently occuring range of origination fees were in the $5k+ bucket, with 1,557 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 1,699 $753,945,000 $443,758
<2.5% 1,696 $508,100,000 $299,587
3-4% 1,121 $578,735,000 $516,267
4-5% 187 $59,185,000 $316,497
5-6% 9 $2,215,000 $246,111

During 2021, First Hawaiian Bank's average interest rate of loans were 2.80%, while their most frequently originated rate bucket of loans were 2.5-3%, with 1,699 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 1,596 $465,800,000 $291,855 $7,371 2.77%
$400k-600k 1,115 $522,115,000 $468,265 $10,162 2.81%
$100k-200k 777 $111,615,000 $143,649 $5,133 2.64%
$600k-1MM 595 $444,965,000 $747,840 $13,954 2.95%
$100,000 or less 391 $24,085,000 $61,598 $3,803 2.49%
$1MM+ 238 $333,600,000 $1,401,681 $19,053 3.01%

2021 saw First Hawaiian Bank place emphasis on $200k-400k loans with 1,596 originations, totaling $465,800,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 1,189 $426,695,000 $358,869 $9,575 2.67%
$150k-250k 1,164 $524,130,000 $450,284 $11,148 2.73%
$250k+ 884 $570,570,000 $645,441 $12,478 2.97%
$75k-100k 696 $199,040,000 $285,977 $8,034 2.73%
$50k-75k 539 $124,745,000 $231,438 $7,047 2.75%
$50k or less 220 $33,280,000 $151,273 $5,677 2.84%

First Hawaiian Bank lent most frequently to those with incomes in the $100k-150k range, with 1,189 originations. The second most popular income band? $150k-250k, with 1,164 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 922 $355,200,000 $385,249 $9,401 2.74%
30-36% 794 $332,200,000 $418,388 $10,047 2.78%
49% 416 $137,080,000 $329,519 $10,212 2.60%
<20% 387 $141,225,000 $364,922 $8,935 2.71%
48% 210 $81,980,000 $390,381 $9,883 2.78%
47% 189 $78,425,000 $414,947 $10,351 2.77%
40% 175 $74,655,000 $426,600 $9,838 2.81%
39% 170 $74,150,000 $436,176 $10,166 2.84%
36% 170 $68,120,000 $400,706 $10,134 2.76%
43% 170 $75,120,000 $441,882 $10,574 2.83%
41% 169 $65,035,000 $384,822 $9,480 2.88%
45% 163 $67,205,000 $412,301 $11,365 2.75%
44% 163 $72,155,000 $442,669 $9,760 2.79%
42% 160 $75,370,000 $471,063 $10,943 2.86%
46% 144 $65,040,000 $451,667 $10,447 2.94%
37% 142 $56,560,000 $398,310 $9,771 2.88%
38% 138 $54,630,000 $395,870 $9,386 2.81%
50-60% 6 $1,380,000 $230,000 $8,840 2.37%

First Hawaiian Bank lent most frequently to those with DTI ratios of 20-30%, with 922 originations. The next most common DTI ratio? 30-36%, with 794 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
Asian 2,445 $915,115,000 $374,280 $9,615 2.66%
White 1,305 $593,775,000 $455,000 $10,363 2.97%
Not provided 603 $247,365,000 $410,224 $9,874 2.85%
Native Hawaiian 269 $96,765,000 $359,721 $9,490 2.57%
Not applicable 13 $18,565,000 $1,428,077 $0 3.18%
American Indian 39 $15,325,000 $392,949 $9,052 2.78%
Black 31 $12,625,000 $407,258 $10,012 2.58%
Filipino 3 $1,095,000 $365,000 $7,549 3.54%
Korean 1 $955,000 $955,000 $14,641 3.20%
Asian Indian 2 $480,000 $240,000 $5,707 3.23%
Other Pacific Islander 1 $115,000 $115,000 $0 2.22%

Approval Rates

Total approvals of all applications
87.49%

First Hawaiian Bank has an average approval rate.

Pick Rate

Approvals leading to origination
78.34%

First Hawaiian Bank has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 4,712 $1,902,180,000 $403,688

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
4,712 $1,902,180,000 $403,688

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,037 $325,635,000 $314,016 $8,107 2.58%
40-60% 1,112 $520,650,000 $468,210 $10,007 2.79%
60-80% 1,436 $800,610,000 $557,528 $11,174 3.08%
80-100% 303 $146,205,000 $482,525 $8,300 2.89%
Under 20% 824 $109,080,000 $132,379 $5,580 2.39%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
FIRST HAWAIIAN, INC. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 50.0%
FIRST HAWAIIAN, INC. Home equity loan or line of credit (HELOC) Trouble during payment process 1 50.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
First Hawaiian Bank 1000 Mapunapuna Street Honolulu, HI 96819 Full Service B&M $306,348
First Hawaiian Bank 2181 Kalakaua Avenue Honolulu, HI 96815 Full Service B&M $795,234
First Hawaiian Bank 2250 North King Street Honolulu, HI 96819 Full Service B&M $269,291
First Hawaiian Bank 2411 S King St Honolulu, HI 96826 Full Service B&M $639,429
First Hawaiian Bank 250 Ward Avenue, Suite 140 Honolulu, HI 96814 Full Service B&M $89,214
First Hawaiian Bank 27 Market Street Wailuku, HI 96793 Full Service B&M $123,161
First Hawaiian Bank 2733 East Manoa Road Honolulu, HI 96822 Full Service B&M $247,244
First Hawaiian Bank 3-2600 Kaumualii Hwy, Suite 1023 Lihue, HI 96766 Full Service B&M $44,782
First Hawaiian Bank 3506 Waikomo Road Koloa, HI 96756 Full Service B&M $245,791
First Hawaiian Bank 3599 Waialae Avenue Honolulu, HI 96816 Full Service B&M $208,778
First Hawaiian Bank 4-1366 Kuhio Highway Kapaa, HI 96746 Full Service B&M $110,130
First Hawaiian Bank 400 Route 8 Mongmong, GU 96910 Full Service B&M $739,118
First Hawaiian Bank 41 East Lipoa Street Number 28 Kihei, HI 96753 Full Service B&M $283,203
First Hawaiian Bank 433 Kapahulu Avenue Honolulu, HI 96815 Full Service B&M $283,567
First Hawaiian Bank 98-1071 Moanalua Road Aiea, HI 96701 Full Service B&M $409,756
First Hawaiian Bank 999 Bishop Street, 3rd Floor Honolulu, HI 96813 Full Service B&M $7,128,396
First Hawaiian Bank Government Main Rd Pahoa, HI 96778 Full Service B&M $41,092
First Hawaiian Bank Gualo Rai Commercial Center Saipan, MP 96950 Full Service B&M $140,450
First Hawaiian Bank Oleai Center, Beach Road, Chalan Laulau Saipan, MP 96950 Full Service B&M $199,253
First Hawaiian Bank 4405 Honoapiilani Hwy, Suite 205 Lahaina, HI 96761 Full Service B&M $79,798
First Hawaiian Bank 4423 Rice Street Lihue, HI 96766 Full Service B&M $235,990
First Hawaiian Bank 45-480 Kaneohe Bay Drive, Building H Kaneohe, HI 96744 Full Service B&M $268,346
First Hawaiian Bank 4525 Panako Road Waimea, HI 96796 Full Service B&M $67,137
First Hawaiian Bank 46-047 Kamehameha Highway Kaneohe, HI 96744 Full Service B&M $162,312
First Hawaiian Bank 5-4280 Kuhio Highway Princeville, HI 96722 Full Service B&M $170,313
First Hawaiian Bank 56-565 Kamehameha Highway Kahuku, HI 96731 Full Service B&M $68,415
First Hawaiian Bank 562 Harmon Loop Road Dededo, GU 96929 Full Service B&M $266,784
First Hawaiian Bank 590 Farrington Highway Kapolei, HI 96707 Full Service B&M $115,087
First Hawaiian Bank 644 Lanai Avenue Lanai City, HI 96763 Full Service B&M $36,835
First Hawaiian Bank 645 South Marine Corps Drive Tamuning, GU 96913 Full Service B&M $377,008
First Hawaiian Bank 66-135 Kamehameha Highway Haleiwa, HI 96712 Full Service B&M $134,700
First Hawaiian Bank 67 Makawao Avenue Pukalani, HI 96768 Full Service B&M $167,936
First Hawaiian Bank 67-1189 Mamalahoa Highway Kamuela, HI 96743 Full Service B&M $283,402
First Hawaiian Bank 68-1845 Waikoloa Road Waikoloa, HI 96738 Full Service B&M $120,058
First Hawaiian Bank 705 Kailua Road Kailua, HI 96734 Full Service B&M $343,643
First Hawaiian Bank 7110 Kalanianaole Highway Honolulu, HI 96825 Full Service B&M $266,865
First Hawaiian Bank 730 California Avenue Wahiawa, HI 96786 Full Service B&M $148,310
First Hawaiian Bank 74-5593 Palani Road Kailua Kona, HI 96740 Full Service B&M $480,837
First Hawaiian Bank 81-6626 Mamalahoa Highway Kealakekua, HI 96750 Full Service B&M $146,742
First Hawaiian Bank 820 Hind Drive, Suite 129 Honolulu, HI 96821 Full Service B&M $255,372
First Hawaiian Bank 86-020 Farrington Highway Waianae, HI 96792 Full Service B&M $98,241
First Hawaiian Bank 890 Kamehameha Highway Pearl City, HI 96782 Full Service B&M $198,395
First Hawaiian Bank 91-919 Fort Weaver Road Ewa Beach, HI 96706 Full Service B&M $77,454
First Hawaiian Bank 94-205 Leoku Street Waipahu, HI 96797 Full Service B&M $215,505
First Hawaiian Bank 95-390 Kuahelani Avenue Mililani, HI 96789 Full Service B&M $201,355
First Hawaiian Bank 111 East Puainako Street, Bldg F Hilo, HI 96720 Full Service B&M $194,930
First Hawaiian Bank 1111 South Beretania Street Honolulu, HI 96814 Full Service B&M $319,907
First Hawaiian Bank 1205 Kilauea Avenue Hilo, HI 96720 Full Service B&M $397,653
First Hawaiian Bank 1348 Hunakai Street Honolulu, HI 96816 Full Service B&M $318,623
First Hawaiian Bank 1420 Liliha Street Honolulu, HI 96817 Full Service B&M $299,409
First Hawaiian Bank 1580 Kapiolani Boulevard Honolulu, HI 96814 Full Service B&M $1,103,500
First Hawaiian Bank 2 North King Street Honolulu, HI 96817 Full Service B&M $108,712
First Hawaiian Bank 20 West Kaahumanu Avenue Kahului, HI 96732 Full Service B&M $581,758
First Hawaiian Bank 215 Papalaua Street Lahaina, HI 96761 Full Service B&M $235,090

For 2021, First Hawaiian Bank had 54 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $549,216
Net interest income $530,464
Total noninterest income $185,511
Gross Fiduciary activities income $34,552
Service charges on deposit accounts $24,407
Trading account gains and fees $-3,355
Additional Noninterest Income $129,907
Pre-tax net operating income $357,274
Securities gains (or losses, -) $-500
Income before extraordinary items $271,636
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $271,636
Minority interest net income $0
Net income $271,636
Sale, conversion, retirement of capital stock, net $12,614
Net operating income $272,031

First Hawaiian Bank's gross interest income from loans was $549,216,000.
First Hawaiian Bank's net interest income from loans was $530,464,000.
First Hawaiian Bank's fee based income from loans was $24,407,000.
First Hawaiian Bank's net income from loans was $271,636,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $18,752
Provision for credit losses $-39,000
Total noninterest expense $397,701
Salaries and employee benefits $178,652
Premises and equipment expense $53,992
Additional noninterest expense $165,057
Applicable income taxes $85,138
Net charge-offs $12,473
Cash dividends $213,500

First Hawaiian Bank's interest expense for loans was $18,752,000.
First Hawaiian Bank's payroll and benefits expense were $178,652,000.
First Hawaiian Bank's property, plant and equipment expenses $53,992,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.4%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $21,830,938
Deposits held in domestic offices $20,066,277
Deposits by Individuals, partnerships, and corporations $18,852,845
Deposits by U.S. Government $1,434
Deposits by States and political subdivisions in the U.S. $1,102,201
Deposits by Commercial banks and other depository institutions in U.S. $52,584
Deposits by Banks in foreign countries $57,213
Deposits by Foreign governments and official institutions $0
Transaction accounts $1,727,715
Demand deposits $860,969
Nontransaction accounts $18,338,562
Money market deposit accounts (MMDAs) $13,946,737
Other savings deposits (excluding MMDAs) $2,804,146
Total time deposits $1,587,679
Total time and savings deposits $19,205,308
Noninterest-bearing deposits $8,512,979
Interest-bearing deposits $11,553,298
Retail deposits $19,379,479
IRAs and Keogh plan accounts $223,620
Brokered deposits $0
Deposits held in foreign offices $1,764,661

Assets

Asset Value (in 000's)
Total Assets $24,992,103
Cash & Balances due from depository institutions $1,258,469
Interest-bearing balances $1,011,753
Total securities $8,435,413
Federal funds sold & reverse repurchase $0
Net loans and leases $12,805,275
Loan and leases loss allowance $157,262
Trading account assets $50,925
Bank premises and fixed assets $318,448
Other real estate owned $175
Goodwill and other intangibles $1,003,794
All other assets $1,119,604

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $24,992,103
Total Liabilities $22,349,174
Total deposits $21,830,938
Interest-bearing deposits $12,422,283
Deposits held in domestic offices $20,066,277
% insured (estimated) $48
Federal funds purchased and repurchase agreements $0
Trading liabilities $5,556
Other borrowed funds $0
Subordinated debt $0
All other liabilities $512,680

Issued Loan Types

Type Value (in 000's)
Net loans and leases $12,805,275
Loan and leases loss allowance $157,262
Total loans and leases (domestic) $12,962,537
All real estate loans $9,414,105
Real estate loans in domestic offices $9,117,195
Construction and development loans $809,630
Residential 1-4 family construction $51,813
Other construction, all land development and other land $757,817
Loans secured by nonfarm nonresidential properties $2,960,423
Nonfarm nonresidential secured by owner-occupied properties $846,137
Commercial real estate & other non-farm, non-residential $2,114,286
Multifamily residential real estate $518,511
1-4 family residential loans $4,815,003
Farmland loans $13,628
Loans held in foreign offices $296,910
Farm loans $579
Commercial and industrial loans $1,799,953
To non-U.S. addressees $31,579
Loans to individuals $1,125,173
Credit card loans $197,567
Related Plans $2,791
Consumer Auto Loans $806,505
Other loans to individuals $118,310
All other loans & leases $622,727
Loans to foreign governments and official institutions $0
Other loans $386,646
Loans to depository institutions and acceptances of other banks $4,681
Loans not secured by real estate $49,427
Loans secured by real estate to non-U.S. addressees $227,625
Restructured Loans & leases $21,500
Non 1-4 family restructured loans & leases $11,801
Total loans and leases (foreign) $579,694

First Hawaiian Bank had $12,805,275,000 of loans outstanding in 2021. $9,414,105,000 of loans were in real estate loans. $809,630,000 of loans were in development loans. $518,511,000 of loans were in multifamily mortgage loans. $4,815,003,000 of loans were in 1-4 family mortgage loans. $579,000 of loans were in farm loans. $197,567,000 of loans were in credit card loans. $806,505,000 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 541 $208,955 $386,238
Nonfarm, nonresidential loans - <$100k 25 $1,253 $50,120
Nonfarm, nonresidential loans - $100-250k 110 $17,098 $155,436
Nonfarm, nonresidential loans - $250k-1MM 406 $190,604 $469,468
Commercial & Industrial, US addressed loans - <$1MM 17,435 $379,362 $21,759
Commercial & Industrial, US addressed loans - <$100k 15,975 $122,703 $7,681
Commercial & Industrial, US addressed loans - $100-250k 828 $67,972 $82,092
Commercial & Industrial, US addressed loans - $250k-1MM 632 $188,687 $298,555
Farmland loans - <$1MM 10 $2,080 $208,000
Farmland loans - $100-250k 3 $234 $78,000
Farmland loans - $250k-1MM 7 $1,846 $263,714
Agriculture operations loans - <$1MM 4 $572 $143,000
Agriculture operations loans - <$100k 2 $44 $22,000
Agriculture operations loans - $250k-1MM 2 $528 $264,000