Top Life Sciences Stocks To Own For 2016

Top Life Scien ces Stocks To Own For 2016: Bank of Hawaii Corp (BOH)

Bank of Hawaii Corporation, incorporated on February 4, 1998, is a bank holding company. The Company's operating subsidiary is Bank of Hawaii (the Bank). The Bank provides a range of financial services and products primarily to customers in Hawaii, Guam and other Pacific Islands. The Bank's subsidiaries include Bank of Hawaii Leasing, Inc., Bankoh Investment Services, Inc. and Pacific Century Life Insurance Corporation. The Bank's subsidiaries are engaged in equipment leasing, securities brokerage, investment services and providing credit insurance. It operates in four segments: Retail Banking, Commercial Banking, Investment Services, and Treasury and Other. Its other subsidiary is the BOHC Investment Fund, LLC (the Fund). The Fund was organized to invest in and hold securities of Qualified High Technology Businesses.

Retail Banking

Retail Banking offers a range of financial products and services to consumers and small businesses. Loan and lease products include residential mortgage loans, home equity lines of credit, automobile loans and leases and installment loans. Deposit products include checking, savings, and time deposit accounts. Retail Banking also offers retail insurance products. Products and services from Retail Banking are delivered to customers through 65 Hawaii branch locations, 494 automated teller machines (ATMs) throughout Hawaii and the Pacific Islands, e-Bankoh (on-line banking service), around-the-clock customer service center, and a mobile banking service.

Commercial Banking

Commercial Banking offers products, including corporate banking, commercial real estate loans, commercial lease financing, auto dealer financing, and deposit products. Commercial lending and deposit products are offered to middle-market and large companies in Hawaii. Commercial real estat! e mortgages focus on customers that include investors, developers, and builders predominantly domiciled in Hawa ii. Commercial Banking also includes international banking a! nd operations at the Bank's 11 branches in the Pacific Islands and also provides merchant services to its small business customers.

Investment Services

Investment Services includes private banking, trust services, investment management, and institutional investment advisory services. The private banking and personal trust group assists individuals and families in building and preserving their wealth by providing investment, credit, and trust services to high-net-worth individuals The investment management group manages portfolios utilizing a variety of investment products. Institutional client services offer investment advice to corporations, government entities and foundations. Investment Services also provides a full service brokerage offering equities, mutual funds, life insurance, and annuity products.

Treasury and Other

Treasury consists of corporate asset and liability management activities, including interest rate r isk management and a foreign exchange business. This segment's assets consist of interest-bearing deposits, investment securities, federal funds sold and purchased, government deposits, and short and long-term borrowings. The primary sources of noninterest income are from bank-owned life insurance, net gains from the sale of investment securities, and foreign exchange income related to customer driven currency requests from merchants and island visitors.

Investment Securities

The Bank's investment securities portfolio includes debt securities issued by the United States Treasury and Government Agencies, debt securities issued by states and political sub-divisions, debt securities issued by corporations, mortgage-backed securities issued by government agencies and the United States Government-Sponsored Enterprises. As of December 31,! 2012, it! s available-for-sale investment securities portfolio consisted of securities with an average base duration o f less than three years.

Advisors' Opinion:

• [By John Maxfield]

  Percentages aside, the benefit of the relative health of these housing markets can be seen in the performance of smaller, regional banks like Bank of Hawaii (NYSE: BOH  ) , BB&T (NYSE: BBT  ) , and TD Bank (NYSE: TD  ) which have large presences in Hawaii, West Virginia, and Maine, respectively. Shares of all of these banks have more than recovered since the financial crisis as a testament to this.

source from Top Stocks For 2015:http://www.topstocksblog.com/top-life-sciences-stocks-to-own-for-2016-2.html