your of Thanks, Cindy. Good morning or appreciate in Hawaii. interest good We afternoon, Bank everyone.
I'd to August Lahaina. tragic events begin, Maui in we the like particular, of and acknowledge in on X Before
all so Maui support into safe. brand the providing our to Lahaina fortunate are the Maui and tragedy customers broader employees, action on our for and We I'm of are community. that immediately Maui our our unfolded, mobilized Unfortunately, team proud who thankful destroyed. of was as employees affected incredibly leadership our
Community every for be which staff XXX time to patience. provide over the in Lahaina take $XXX of with will intends totals Here the Bank of Hawaii there support both million. and Oahu, have over way. teamed processing Maui Hawaii now Strong of of Fund, our Foundation, step Relief The recovery
Loan flat. continued well by in levels witnessed controlled, deposits were performance slowdown improved although capital the quarter. the to a pressured third prior Expenses the financial were the margin quarter. meaningfully. on compared Average Margin quarter. nicely the curve, quarter. We erosion grew to we for be in and inversion we produced our the solid another material to in Now levels
over funding then I'll commentary off as with good with story credit, Mary the and us. very on discuss you more on you, color Dean Hawaii. and will on of I'll impact with conditions Mary, broader the then financials. share share will granular a market then hand for who start in Credit, to it will some wildfires, including Lahaina touch some remains then
don't the slide. with deposit we start, why So Chang, share market
recent generally deposit market is fortunately, our like we're of Fed, FDIC top, just looking Today, annual X consumer, result where XX% to are a of market the deposit at Hawaii's of as And there of the It's the summary work hard is I that municipal. businesses, share. the and remind a an that a This data over Hawaii local the begin. past of the to up of Hawaii of The and you're XX% most XXX bank deposits. here addition business Bank institutions market. deposit serving XX% effectively the years And where lot hold audience really municipalities. XX% consumers, happy interesting see at to right balances is
The see deposits In of incredibly either uninsured collateralized. are that or are deposit deposits terms XX% insured of long-tenured. but you our makeup,
than XX% relationships. and older older XX deposits, more of So XX% or are deposits or by XX XX% are years or years are by our relationship
to $XX.X the taking had quarter. increase we X.X%, the For spot quarter, of third a us for billion
stable. our actually You'll balance up been Average were deposit in base of XXXX, X.X%. see here quarter for really darn the has balances the pretty
want were, billion as to I for average for to Our balances QX billion $XX $XX.X compared QX. say,
nicely deems national of of as market to banks, competitor broader versus has what see on HA the broader the national that set. you Hawaii small Bank quite a year-to-date us Comparing basis, performed the
a midsized brand within of medium pricing really, we take position a the -- that very take advantages top-of-mind a unique kind meaningful position leading unique marketplace. is what funding the the or take of really believe over bank. brand generate market Onto side We market deposits, marketplace within we to and
that see in you interest-bearing cost Here of deposits.
On the into next slide, you'll deposits. for funding total that also see that, extends costs
into primary are our competitor meaningfully obviously, than which betas, then set. lower And
So stable we and built the of to or strong tertiary very meaningfully year, addition a deposit in over secondary having quite have base sources liquidity. our also
So and/or here comprised is available, we liquidity, backup capacity. FRB the you $X.X to securities borrowing as third billion see, of quarter, FHLB cash, say, to like of as our up
our is well And or so base. $X.X billion, uncollateralized as this of and uninsured uninsured in see, you excess deposit
below September the now of of Performance to gears average. still the strong. down that national as Unemployment was Switching local economy. remained is --
versus we an the is I what of labor Maui will still of think the somewhat could here. the of I demand. from least matter Too relative a fires step probably But is marketplace. the to think mainland at employment. up anticipate overall employment the of fact the our supply But challenging be state early standpoint, on be the will impact nicely So U.S. tell performing quite to
so experience worker think I And Maui and of right they workers but logistics much get lack the into so really, places. a we'll is how on not just what demand,
The visitor industry continues to do well.
bit the nice offset recent cetera. U.S. as and can The we anticipating. you Australia, as market spending as as way in state et more both experienced been But arrivals, well has up both countries, has nice Canada, by from up in Got as XX% the has in a spending, other well there spending So by growth, than see arrivals. different X% past. little by a as pickup, Japanese moderated a by were that bit year-to-date, visitors
on were wildfires In August August, the on X. Maui
X% We meaningful as X% August. basically that to impact by for and had imagine came by You a a standstill. Maui expenditure down arrivals were to pretty visitor statistics can
imagine, the down back So was Maui when out still plus had ex-Maui. you actually and at those pretty expenditures Arrivals you as might state just you about August, state, for were numbers plus But XX% the from declined overall X% -- robust if XX%. XX%.
part a post Lahaina. region is accommodating in visitor for visitor forward really of a up itself the sense sector that our more a or is number back of environment industry federal the kind and driven is by is understanding island. primary the right that That normal FEMA employees. going accommodation or now Lahaina Kaanapali, of which Our to site ramp
So stuff they're to. a than they're with faring different of bit kind used well visitor little
The it U.S. side idea how we're But or like to progresses. course We'll plan there visitor hearing is see transition the international over year from like to formal the traditional the that visitor. seems that, is progressing. what that from it -- sounds that this the hotel of back or
impacted is, fair I fire, And those shoots, bounce areas outerlying optimism amount that of there think, activity. which Lahaina the say, of Other were are of see green Maui, back. a parts by the of will beginning I'd -- Maui to
course, we're a of has the industry. more expectedly, kind hoping impact So It Lahaina, see our again. the quite -- visitor had next continues to, to more in several sense over on But is an trajectory run. months, the that, of short normalization towards towards
page, Oahu, support further next per deck see very state, Mary in or be for the room RevPAR little to slides a which revenue to the available that positive a bit continues On you and finally, has some story, to which residential kind mixed -- with finish bag further. on estate And median estate here of see market real price. then we marketplace. the by a There, sales is real our largest off
reduction But X.X% a X% for inventory levels sales meaningful low. single-family extremely what's interesting up numbers, homes, down So these for despite is pretty September-on-September condominiums. activity, in remain are but
days. condominiums month XX well So single-family at for X for on below X.X market at months still months, XX months, and inventory homes inventory are days around is
some there. And stop now with third you So I'll turn quarter. who let Mary, call the the over performance Mary? credit to for can share me
