Honolulu-based American Savings Bank, a wholly-owned subsidiary of Hawaiian Electric Industries, Inc., reported net income of $20.6 million for the quarter ending June 30, an increase of 23.3 percent compared to $16.7 million in the second quarter of 2017.
Total loans were $4.8 billion for the quarter, an increase of 2.1 percent compared to $4.7 billion last year, and total deposits were $6.1 billion, a 7 percent increase from $5.7 billion during last year’s comparable quarter.
