joining finds colleagues We health Aloha you, today. stead. hope mahalo your and us family call for this in in your good Thank everyone, and Cindy. good you,
breadth depth standing long thought we break we'd earnings the COVID-XX crisis, of the Given of from our call. format the and
supplement, to We commentary commentary somewhat subsequent cover bridge around we'll that our will place as it the today. QX still and part received results, but which COVID-XX of release you some press
and with capital crisis, challenge at The COVID-XX the the crisis, the for how positions supplement operating how Hawaii performing stack intended Hawaii to through is prepared you liquidity, Bank to how is our share has of hand. credit up been impacted, and how we're and
questions liquidity, on then our brief might then metrics, have. on Mary broader amount with capital. a whatever a overview, We'll you discuss to we'd and giving of some will credit conclude Dean to by time answer happy and begin discuss thoughts follow be QX, I'll Dean spend will will
the crisis. X, I'm basically on begin a overview. COVID-XX as multifaceted supplemental to with on packet view So Page going we And the beginning fundamentally,
is it it an social certainly even crisis, also a it's and course, and crisis is but economic crisis. Of health a crisis, ethical an
long-term the will to community believe vendors, all we this balancing and accrue this, stakeholders, committed to through firms large of Given crisis. at value customers, employees, the shareholders, needs
Without substantive mid-term challenges. faces question short-term and Hawaii
a a visit long-term a remains live, attractiveness unchanged of place military to intact. place to vantage as strategic and Hawaii, However, as and as the point
base Our liquidity, and well. credit posture us capital positioned
support has Our deal well community time with XXX have history setbacks, in need. their we island prepared as to year to our our serving of major many times, us communities and
to give the country to me compared let and think fortunate deck. infection for Now, turn been we've you the the parts of market. less Hawaii some will Page line activity of X here the fortunate a sense in relatively I This the is world. bottom the And
cases to-date XXX As of reported we our cases in additional Hawaii. had state deaths of yesterday, we've total Unfortunately, reported to of bringing a had COVID-XX. result XX here the six as
looking look by see third at at the the now. office see have March, for of bottom done by on that least that week actions number to you'll Page you Mayor's by And right at seems the curve. down, of seemed X, the If taken Governor's in the chart the the office and the upper to left you'll the cases coming on flattening of day terms be chart in trick the new
present clear we go really that timeline. of just response gives whether to to you something wrap was, there for out a arms this virus around, by we this for this represented And coming If fact and Slide our as at to determine sense in a needed situation you the danger, China. X, our identified reason, time whatever
to and talking that Directors with we time that pretty and the and this that both indeed about large Through situation, of period sanitation -- at early we that the off our there set situation ourselves Chairs, in convinced on in PPE this we active products. the called part mid-March X, February our Board coronavirus purchase event about scenarios, was, discussions a might our By there be talking take options of COVID-XX Committee were accelerated.
days format. all Hawaii By home implementation went to work from roll plan By from ready stay we prior work in meaningful then home way. we March could XX, week strategic or a to in branches XX, of where we see down a took And place March we're Bank do city, place made order to had a pretty by into two order areas on X/XX out. the and the home after at a that decision the you our in transition we the
essential recognize of objectives If COVID-XX, behalf, to safety X, then an all needs essential sense for a a their of of to do good our three of plan employees to are robust we as continue our course, for the providing essential as community. solutioning to to need Slide of you our primary we they the be on And we implementation be strategic really for as our to that you our plan able and thirdly, being by and services providing work pronged providers the just go customers absolute committed other within community. provider, well, their Clearly, headline, to to give we're paramount our activities.
branch all down entire structure X, our our coverage brought smallest in through our the I even XX branches. West markets. providing us and XX down still On to is the Hawaii This branches Pacific from operationally, Slide markets, mentioned, we as network,
the at XXX. we in count building, people our to X,XXX about brought headquarters headquarters Here down personnel from the
that did So that's an reduction mid-March. XX%
a We to number had some event we reason obviously that, also redundancy in the certain subsequent. The situation up that do functions. perform operational to of forms to of create sites a location teams and set
for site working of you of quite and the is is approximately Bank on working an workforce So our to I now XX% workforce give activation. home, of overview add, awaiting how our Hawaii, of workforce XX% workforce is XX% might confirmed our from right effectively of is
programs on this standpoint, of of Slide number implemented From a result a as an crisis. X, employee
Our to of received mentioned you sorry the mentioned month. XXX to $XXX per monthly you to incidentals, each unsigned stipend sorry XXX employees, the part-time support help that that earlier, employees, I $XXX employees I earlier, earn employees I'm a
have conjunction a an team basis. process with around a do incident tight cleaning that advisory on COVID-XX very medical management, that terrific really retained in industrial of We professionals, we've
we launched us might is improve And get our today, that excited engagement Just to the throughout us engagement and tool team I'm how dispersed our even further. on better employee sense out marketplaces. to help how a web-based for there, morale that feedback a doing see and give
And is we all available to leave than were if people For not ensure page ensure feel finally, to physically our other just and step our the on sick daily video anything on-site the incentive had same that a employees, being we participating made conference through that ready-to-go later to that early executive twice the work, in come to surplus one morning didn't we're emotionally. and XXX% sure team as in the afternoon, in situation. one we they
to revised X, of our workforce, banking customers. our to to Stepping capabilities money talk a our and real bit and amount benefits see effort capabilities little from layout, our say our offerings a several we're time that service our and in Slide over full bringing this. albeit home situation forward. digital the via about invested to We've commitment full of force that committed into of Fundamentally, a the physical providing I'm past years. the like good we're digital beginning pleased work to And
say had proud distributed are million. relief totaling to customers. XX% stimulants for week customers We commercial of million Payment we supporting processed totaling to effort. loans, of $XXX electronically PPP payments XX,XXX upwards on who $XXX both provided it. our asking excess being to workforce is we our this I'm consumer total over X,XXX XXth, and Last the of
As exploring then imagine, our many a Federal that own effect products. ripple loan emerging committed well emerging program, the potentially like you caused can Reserve's as finally, Main products loan And through to consumer our we're of Street as operations. quite
modifications totaling On our well On X.X% of sense to-date, give doing just a XX, in we're outstandings. that's of what to A both the loan for you sense Page total modifications. as for just consumer as a X, commercial X,XXX Page made community.
by, Hawaii whole Hawaii million activities. Hawaii headlined Foundation the Bank Foundations, to $X COVID-XX of support think Community to donation I
on with then through broader in And also account We in NXX least authority which financial had support and early staff provided respirators, waive fees ordered for also elsewhere. brought additional that we we PPE. structure, We June, X,XXX realized then we've those placed additional as on and donated early to waived the addition, line divided $XXX,XXX fairly branch fees. better probably level an were down respirators ATM at we
to a people this itself situation. think, that to recession. to right pushed our virus thing fiscal me economic into an on to case, But all stave do. exactly a is So consequences. indeed, we also the with And I and front has is economic the possible, protect what unprecedented country obviously is the massive this really the has its recession. and is fascinating country Page that an monetary save that's this novel historic implemented impact many the that But as stimulus as first as effect, would to In in XX, on I for time is and this a I think accept off try and think it's of is first which end come time
plays this interesting very to we're out. So how see
state other work the we local self-imposed rule, in which in destination, As by a that's to in place, other little we're in our bit in is impacting home, some visitor the impacted as virtually from greatly. differently impacted every place, country standstill. tourism quarantine the that at has A like XX-day a from for are being the also state brought by places stay shelter home, policies Hawaii, fact economy here
GDP hospitality this So a XXXX if of They in the of total still meaningful And economy. And is XX%, If Hawaiian marketplace. proportionality, personal income to marketplace. Hawaii. component you UHERO see the represent XX%, player go data. a Page XX% that then element. turn to the into is to line, leisure leisure meaningful down a our a jobs bit still our industry dips the to and per and hospitality but in of we XX, This big snapshot dips but you a again is
instances our economy, and feel for Fortunately, equally is proportion some of larger those in now and stable. pretty government a spending pieces Defense
Turning XX. to Page
rate What from an embedded the the XXXX. likely of this end there the the XXXX I UHERO, see is March for and XX%, unemployment is down is unemployment quarter of spikes March, over of what Here by feathering at out XX, you And a there in forecast second course of for a came call the then you so this year. XX.X%. year see of an economic for think excess
XX. Page to Turning
just data. You'll forecast see other
forecast, and side, a GDP On income estimates you the minus X.X% left than levels the dark XXXX down personal muted the real more X.X%. blue see year bit down for little in
you by delivering we've to $XX Slide $X job On I’m upwards spend XX, tabled program. think proud just $X Protection program, billion I a marketplace this in did billion to for that say Paycheck Federal Hawaii relief headlined the to which of through our Bank over our the billion, terrific marketplace anticipated
So, is in fact piece but substantial, in think I unprecedented, I’ll COVID-XX Bank by off we well-positioned. state obvious, is Hawaii its finish believe my the of
management We conservative worked season of we’re have through together now in we’re a liquidity, most financial and position. four XX/XX, represented this levels viral market importantly, you for years, team, capital I strong the than this preeminent working That veterans crisis, and perhaps more can portfolio, veterans have of of tell and great the loan situation. we’re a XX room us
turn now let who to over liquidity. talk the will So, me Dean? Dean, call about
