Dayna, Thank everyone. in Corp. your appreciate Financial you, Pacific and Central aloha, interest We
normally market, do, start we and update turn key credit additional an our the to insights with to metrics I'll on detail as financial over provide then As updates. other well team and the Hawaii I'll as on it
The wildfire I employees, to for and and was in August our you thank your [indiscernible] all of support. devastating, customers continued first want in
to us unimpacted branch to August, of late to fullest. will be Lahaina is community fires a supporting We enabled Maui community. While our Bank it and the the were that was long recovery, the help Central and needs and strong Maui which our Pacific road fortunate the resilient. is committed by servicing meet reopened to
in with With arrivals a be normal. short-lived affected a been has visitor the will visitor now will August hope Maui impacts significant Maui visitors negative government encouraging to officials compared counts in drop ago. back Maui, to the industry wildfires, and Maui to year to return tourism Hawaii we The by
limited State Hawaii, impact. increases total a visitors state see August, of is In to prepandemic down have a to to was the X% Hawaii the the of in economy of islands, the expected which and XX% continue from overall, and to month visitors we XXX,XXX of Fortunately, levels. ago other year came
Total from and Total an occupancy $XXX, billion a from XX%, with XXXX. $X.XX down down down of statewide year X% in up was visitor a X% in year ago, from August August a rate hotel from average spending was August, X% year ago. X% daily ago,
in rate statewide national Hawaii adjusted to September unemployment the X.X%. seasonally decline X.X% is of rate unemployment outperforming continued to and
Unemployment gradually start help payroll by following claims nonfarm is the government Maui surged businesses economy. expected statewide the on leaders areas the but supporting restart Year-over-year of increased West and on X,XXX or X.X%. the fires island's reopening unaffected May jobs, fires, have to by recede with focused to
Oahu remains firmly. hold $XXX,XXX September. estate The continue in up at Real condo Hawaii to million single-family values price and $X.X price the in was median home median sales
September, home XX While be despite in ] down XX market sold last sustained of at strength real demand there median days. the reaching Hawaii of of mortgage years. an to with and staying XX% single-family demand a for on strong inventory year-over-year, limited is still sales of properties homes volumes continue price original or the [ estate than indication higher asking above in seen levels the we've rates and
activity drive construction to Strong Hawaii in growth. economic continues
development proclamation and emergency the state. affordable Our to will inventory of in the housing an housing on housing issued recently governor that lack address help accelerate
and construction increase On need for the to large Additionally, the state. a road as major top as be in will infrastructure projects likely Maui state well improvement military costs. reconstruction to efforts demand worker the this, of priority, will map continue balance and be projects on construction a federal
growing in that pleased continue third we relationship-based again growing quarter, we our deposits, I'm on successful and deposits. the total were focus In once
and our of our peers. resulting risk continue loan lower than to favorable management strong churn at portfolio that our repricing levels be with growth. costs is we in said, focus, part loan As deposit moderate But to continue managed
to David? over call our Morimoto, the turn Financial Officer. David Chief now I'll
