- Language: English
- 774 Pages
- Published: October 2012
- Region: Global
Summary: American Savings Bank, FSB, Honolulu HI Jun 11
- Published: June 2011
- Region: United States
- Standard & Poors
Standard & Poor's Ratings Services' ratings on American Savings Bank FSB, Honolulu HI (ASB) are based on the company's solid capital ratios and ample funding from its core deposit base. The ratings are somewhat constrained by the bank's relatively small size ($4.86 billion of total assets as of March 31, 2011), geographic concentration in the sometimes volatile Hawaiian market, and over-reliance on the residential mortgage market. Also, the bank has inherently high exposure to interest-rate risk, which it has generally managed well to-date, and aggressive levels of loan-loss reserves. Because ASB's operations are sufficiently separate from those of its parent, Hawaiian Electric Industries Inc. (HEI; BBB-/Stable/A-3) in both practical and regulatory terms, we do not factor parental support into the...
Companies mentioned in this report are: American Savings Bank, FSB, Honolulu HI,Hawaiian Electric Industries Inc.
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American Savings Bank, FSB, Honolulu HI,Hawaiian Electric Industries Inc.