First Hawaiian Bank Mortgage Rates, Fees & Info
Honolulu, HILEI: WWJYKHS2UNKSDW8XLB53
Tax ID: 99-0034327
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Mortgage Data
Bank Data
Review & Overview
First Hawaiian Bank is a small bank specializing in Refi, Cash Out Refi, and Home Purchase loans. First Hawaiian Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Urban Honolulu, Kahului, Hilo, and Kapaa among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)First Hawaiian Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Hawaiian Bank is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.52% | 12/3/24 |
| 30 Year Conventional Purchase | 6.65% | 12/3/24 |
| 30 Year Conventional Refi | 6.59% | 12/3/24 |
| 30 Year Cash-out Refi | 6.48% | 12/3/24 |
| 30 Year VA Purchase | 6.46% | 12/3/24 |
| 30 Year VA Refi | 5.89% | 12/3/24 |
| 30 Year USDA Purchase | 7.06% | 12/3/24 |
| 15 Year Conventional Purchase | 6.38% | 12/3/24 |
| 15 Year Conventional Refi | 6.07% | 12/3/24 |
| 15 Year Cash-out Refi | 6.07% | 12/3/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
First Hawaiian Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,002Origination Dollar Volume (All Markets)
$1,627,190,000Employee count
2,103Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| URBAN HONOLULU, HI (FHA|USDA|VA) | 2,697 | $1,124,935,000 | $417,106 | $10,049 | 2.94% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 606 | $265,310,000 | $437,805 | $9,850 | 3.41% |
| Hilo, HI (FHA|USDA|VA) | 409 | $124,665,000 | $304,804 | $8,768 | 3.28% |
| Kapaa, HI (FHA|USDA|VA) | 290 | $112,280,000 | $387,172 | $9,111 | 3.17% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Hawaiian Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2020, First Hawaiian Bank's most frequently originated type of loan was Conventional, with 2,338 originations. Their 2nd most popular type was HELOC, with 1,655 originations.
Loan Reason
For 2020, First Hawaiian Bank's most frequently cited loan purpose was Refi, with 1,513 originations. The 2nd most popular reason was Cash Out Refi, with 741 originations.
Loan Duration/Length
For 2020, First Hawaiian Bank's most frequently cited loan duration was 30 Year, with 3,586 originations. The 2nd most popular length was 15 Year, with 341 originations.
Origination Fees/Closing Costs
First Hawaiian Bank's average total fees were $10,343, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 1,338 originations.
Interest Rates
During 2020, First Hawaiian Bank's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 3-4%, with 1,520 originations.
Loan Sizing
2020 saw First Hawaiian Bank place emphasis on $200k-400k loans with 1,363 originations, totaling $390,675,000 in origination value.
Applicant Income
First Hawaiian Bank lent most frequently to those with incomes in the $150k-250k range, with 1,040 originations. The second most popular income band? $100k-150k, with 937 originations.
Applicant Debt to Income Ratio
First Hawaiian Bank lent most frequently to those with DTI ratios of 20-30%, with 787 originations. The next most common DTI ratio? 30-36%, with 657 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.30%
First Hawaiian Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.61%
First Hawaiian Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,002 | $1,627,190,000 | $406,594 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 11 | $21,955,000 | $1,995,909 |
| Single Family (1-4 Units):Site-Built | 3,991 | $1,605,235,000 | $402,214 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HAWAIIAN, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Hawaiian Bank | 1000 Mapunapuna Street Honolulu, HI 96819 | Full Service B&M | $278,469 |
| First Hawaiian Bank | 111 East Puainako Street, Bldg F Hilo, HI 96720 | Full Service B&M | $132,417 |
| First Hawaiian Bank | 1111 South Beretania Street Honolulu, HI 96814 | Full Service B&M | $317,333 |
| First Hawaiian Bank | 120 Sand Island Access Road Honolulu, HI 96819 | Full Service B&M | $53,935 |
| First Hawaiian Bank | 1205 Kilauea Avenue Hilo, HI 96720 | Full Service B&M | $365,232 |
| First Hawaiian Bank | 1348 Hunakai Street Honolulu, HI 96816 | Full Service B&M | $453,497 |
| First Hawaiian Bank | 1420 Liliha Street Honolulu, HI 96817 | Full Service B&M | $168,490 |
| First Hawaiian Bank | 1580 Kapiolani Boulevard Honolulu, HI 96814 | Full Service B&M | $1,193,722 |
| First Hawaiian Bank | 161 Wailea Ike Place, Suite A-101 Wailea, HI 96753 | Full Service B&M | $58,869 |
| First Hawaiian Bank | 2 North King Street Honolulu, HI 96817 | Full Service B&M | $118,882 |
| First Hawaiian Bank | 20 West Kaahumanu Avenue Kahului, HI 96732 | Full Service B&M | $545,299 |
| First Hawaiian Bank | 215 Papalaua Street Lahaina, HI 96761 | Full Service B&M | $208,451 |
| First Hawaiian Bank | 2181 Kalakaua Avenue Honolulu, HI 96815 | Full Service B&M | $893,712 |
| First Hawaiian Bank | 2250 North King Street Honolulu, HI 96819 | Full Service B&M | $207,492 |
| First Hawaiian Bank | 2411 S King St Honolulu, HI 96826 | Full Service B&M | $768,723 |
| First Hawaiian Bank | 250 Ward Avenue, Suite 140 Honolulu, HI 96814 | Full Service B&M | $89,343 |
| First Hawaiian Bank | 27 Market Street Wailuku, HI 96793 | Full Service B&M | $110,201 |
| First Hawaiian Bank | 2733 East Manoa Road Honolulu, HI 96822 | Full Service B&M | $261,952 |
| First Hawaiian Bank | 3-2600 Kaumualii Hwy, Suite 1023 Lihue, HI 96766 | Full Service B&M | $43,269 |
| First Hawaiian Bank | 3506 Waikomo Road Koloa, HI 96756 | Full Service B&M | $200,911 |
| First Hawaiian Bank | 3599 Waialae Avenue Honolulu, HI 96816 | Full Service B&M | $202,412 |
| First Hawaiian Bank | 4-1366 Kuhio Highway Kapaa, HI 96746 | Full Service B&M | $95,610 |
| First Hawaiian Bank | 400 Route 8 Mongmong, GU 96910 | Full Service B&M | $618,515 |
| First Hawaiian Bank | 645 South Marine Corps Drive Tamuning, GU 96913 | Full Service B&M | $356,292 |
| First Hawaiian Bank | 41 East Lipoa Street Number 28 Kihei, HI 96753 | Full Service B&M | $164,018 |
| First Hawaiian Bank | 433 Kapahulu Avenue Honolulu, HI 96815 | Full Service B&M | $278,567 |
| First Hawaiian Bank | 438 Hobron Lane Honolulu, HI 96815 | Full Service B&M | $72,571 |
| First Hawaiian Bank | 4405 Honoapiilani Hwy, Suite 205 Lahaina, HI 96761 | Full Service B&M | $60,317 |
| First Hawaiian Bank | 4423 Rice Street Lihue, HI 96766 | Full Service B&M | $216,091 |
| First Hawaiian Bank | 445 North King Street Honolulu, HI 96817 | Full Service B&M | $109,100 |
| First Hawaiian Bank | 45-480 Kaneohe Bay Drive, Building H Kaneohe, HI 96744 | Full Service B&M | $250,550 |
| First Hawaiian Bank | 4525 Panako Road Waimea, HI 96796 | Full Service B&M | $59,091 |
| First Hawaiian Bank | 46-047 Kamehameha Highway Kaneohe, HI 96744 | Full Service B&M | $159,503 |
| First Hawaiian Bank | 5-4280 Kuhio Highway Princeville, HI 96722 | Full Service B&M | $124,700 |
| First Hawaiian Bank | 56-565 Kamehameha Highway Kahuku, HI 96731 | Full Service B&M | $55,390 |
| First Hawaiian Bank | 562 Harmon Loop Road Dededo, GU 96929 | Full Service B&M | $237,830 |
| First Hawaiian Bank | 590 Farrington Highway Kapolei, HI 96707 | Full Service B&M | $105,542 |
| First Hawaiian Bank | 644 Lanai Avenue Lanai City, HI 96763 | Full Service B&M | $33,055 |
| First Hawaiian Bank | 66-135 Kamehameha Highway Haleiwa, HI 96712 | Full Service B&M | $112,266 |
| First Hawaiian Bank | 67 Makawao Avenue Pukalani, HI 96768 | Full Service B&M | $148,933 |
| First Hawaiian Bank | 67-1189 Mamalahoa Highway Kamuela, HI 96743 | Full Service B&M | $227,237 |
| First Hawaiian Bank | 68-1845 Waikoloa Road Waikoloa, HI 96738 | Full Service B&M | $96,942 |
| First Hawaiian Bank | 705 Kailua Road Kailua, HI 96734 | Full Service B&M | $315,505 |
| First Hawaiian Bank | 7110 Kalanianaole Highway Honolulu, HI 96825 | Full Service B&M | $269,178 |
| First Hawaiian Bank | 730 California Avenue Wahiawa, HI 96786 | Full Service B&M | $136,303 |
| First Hawaiian Bank | 74-5593 Palani Road Kailua Kona, HI 96740 | Full Service B&M | $353,256 |
| First Hawaiian Bank | 81-6626 Mamalahoa Highway Kealakekua, HI 96750 | Full Service B&M | $148,138 |
| First Hawaiian Bank | 820 Hind Drive, Suite 129 Honolulu, HI 96821 | Full Service B&M | $350,787 |
| First Hawaiian Bank | 86-020 Farrington Highway Waianae, HI 96792 | Full Service B&M | $89,609 |
| First Hawaiian Bank | 890 Kamehameha Highway Pearl City, HI 96782 | Full Service B&M | $175,384 |
| First Hawaiian Bank | 91-919 Fort Weaver Road Ewa Beach, HI 96706 | Full Service B&M | $68,619 |
| First Hawaiian Bank | 94-205 Leoku Street Waipahu, HI 96797 | Full Service B&M | $187,096 |
| First Hawaiian Bank | 95-390 Kuahelani Avenue Mililani, HI 96789 | Full Service B&M | $194,905 |
| First Hawaiian Bank | 98-1071 Moanalua Road Aiea, HI 96701 | Full Service B&M | $405,969 |
| First Hawaiian Bank | 999 Bishop Street, 3rd Floor Honolulu, HI 96813 | Full Service B&M | $6,035,836 |
| First Hawaiian Bank | Government Main Rd Pahoa, HI 96778 | Full Service B&M | $34,734 |
| First Hawaiian Bank | Gualo Rai Commercial Center Saipan, MP 96950 | Full Service B&M | $131,885 |
| First Hawaiian Bank | Oleai Center, Beach Road, Chalan Laulau Saipan, MP 96950 | Full Service B&M | $230,096 |
For 2020, First Hawaiian Bank had 58 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $582,534 |
| Net interest income | $535,509 |
| Total noninterest income | $196,325 |
| Gross Fiduciary activities income | $35,443 |
| Service charges on deposit accounts | $25,014 |
| Trading account gains and fees | $3,688 |
| Additional Noninterest Income | $132,180 |
| Pre-tax net operating income | $250,118 |
| Securities gains (or losses, -) | $111 |
| Income before extraordinary items | $191,580 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $191,580 |
| Minority interest net income | $0 |
| Net income | $191,580 |
| Sale, conversion, retirement of capital stock, net | $9,315 |
| Net operating income | $191,492 |
First Hawaiian Bank's gross interest income from loans was $582,534,000.
First Hawaiian Bank's net interest income from loans was $535,509,000.
First Hawaiian Bank's fee based income from loans was $25,014,000.
First Hawaiian Bank's net income from loans was $191,580,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $47,025 |
| Provision for credit losses | $108,015 |
| Total noninterest expense | $373,701 |
| Salaries and employee benefits | $170,561 |
| Premises and equipment expense | $49,067 |
| Additional noninterest expense | $154,073 |
| Applicable income taxes | $58,649 |
| Net charge-offs | $30,861 |
| Cash dividends | $142,000 |
First Hawaiian Bank's interest expense for loans was $47,025,000.
First Hawaiian Bank's payroll and benefits expense were $170,561,000.
First Hawaiian Bank's property, plant and equipment expenses $49,067,000.
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 | 0.7% |
| 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 | $19,245,788 |
| Deposits held in domestic offices | $17,621,130 |
| Deposits by Individuals, partnerships, and corporations | $15,868,806 |
| Deposits by U.S. Government | $1,001 |
| Deposits by States and political subdivisions in the U.S. | $1,637,888 |
| Deposits by Commercial banks and other depository institutions in U.S. | $68,654 |
| Deposits by Banks in foreign countries | $44,781 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $1,164,714 |
| Demand deposits | $665,007 |
| Nontransaction accounts | $16,456,416 |
| Money market deposit accounts (MMDAs) | $11,855,267 |
| Other savings deposits (excluding MMDAs) | $2,474,971 |
| Total time deposits | $2,126,178 |
| Total time and savings deposits | $16,956,123 |
| Noninterest-bearing deposits | $6,692,418 |
| Interest-bearing deposits | $10,928,712 |
| Retail deposits | $16,474,338 |
| IRAs and Keogh plan accounts | $233,069 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $1,624,658 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $22,662,246 |
| Cash & Balances due from depository institutions | $1,040,944 |
| Interest-bearing balances | $737,571 |
| Total securities | $6,083,106 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $13,082,222 |
| Loan and leases loss allowance | $208,454 |
| Trading account assets | $129,895 |
| Bank premises and fixed assets | $322,401 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $1,006,223 |
| All other assets | $997,455 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $22,662,246 |
| Total Liabilities | $19,935,749 |
| Total deposits | $19,245,788 |
| Interest-bearing deposits | $11,705,609 |
| Deposits held in domestic offices | $17,621,130 |
| % insured (estimated) | $50 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $4,560 |
| Other borrowed funds | $200,010 |
| Subordinated debt | $0 |
| All other liabilities | $485,391 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $13,082,222 |
| Loan and leases loss allowance | $208,454 |
| Total loans and leases (domestic) | $13,290,676 |
| All real estate loans | $8,671,607 |
| Real estate loans in domestic offices | $8,389,895 |
| Construction and development loans | $731,826 |
| Residential 1-4 family construction | $63,221 |
| Other construction, all land development and other land | $668,605 |
| Loans secured by nonfarm nonresidential properties | $2,740,291 |
| Nonfarm nonresidential secured by owner-occupied properties | $753,088 |
| Commercial real estate & other non-farm, non-residential | $1,987,203 |
| Multifamily residential real estate | $480,651 |
| 1-4 family residential loans | $4,419,243 |
| Farmland loans | $17,884 |
| Loans held in foreign offices | $281,712 |
| Farm loans | $175 |
| Commercial and industrial loans | $2,670,983 |
| To non-U.S. addressees | $20,907 |
| Loans to individuals | $1,258,899 |
| Credit card loans | $207,052 |
| Related Plans | $3,186 |
| Consumer Auto Loans | $893,732 |
| Other loans to individuals | $154,929 |
| All other loans & leases | $689,012 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $435,283 |
| Loans to depository institutions and acceptances of other banks | $7,237 |
| Loans not secured by real estate | $42,969 |
| Loans secured by real estate to non-U.S. addressees | $224,924 |
| Restructured Loans & leases | $18,367 |
| Non 1-4 family restructured loans & leases | $11,108 |
| Total loans and leases (foreign) | $616,795 |
First Hawaiian Bank had $13,082,222,000 of loans outstanding in 2020. $8,671,607,000 of loans were in real estate loans. $731,826,000 of loans were in development loans. $480,651,000 of loans were in multifamily mortgage loans. $4,419,243,000 of loans were in 1-4 family mortgage loans. $175,000 of loans were in farm loans. $207,052,000 of loans were in credit card loans. $893,732,000 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 | 585 | $214,684 | $366,981 |
| Nonfarm, nonresidential loans - <$100k | 34 | $1,544 | $45,412 |
| Nonfarm, nonresidential loans - $100-250k | 136 | $20,757 | $152,625 |
| Nonfarm, nonresidential loans - $250k-1MM | 415 | $192,383 | $463,573 |
| Commercial & Industrial, US addressed loans - <$1MM | 22,433 | $740,290 | $33,000 |
| Commercial & Industrial, US addressed loans - <$100k | 19,994 | $247,464 | $12,377 |
| Commercial & Industrial, US addressed loans - $100-250k | 1,492 | $165,526 | $110,942 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 947 | $327,300 | $345,618 |
| Farmland loans - <$1MM | 13 | $2,870 | $220,769 |
| Farmland loans - <$100k | 1 | $43 | $43,000 |
| Farmland loans - $100-250k | 5 | $731 | $146,200 |
| Farmland loans - $250k-1MM | 7 | $2,096 | $299,429 |
| Agriculture operations loans - <$1MM | 4 | $172 | $43,000 |
| Agriculture operations loans - <$100k | 3 | $86 | $28,667 |
| Agriculture operations loans - $250k-1MM | 1 | $86 | $86,000 |