Over the next month, banks will be releasing results for the second quarter. In advance of these releases, let's review the state of some of these banks as of the end of Q1.

In the following video, Motley Fool contributor Jay Jenkins looks at Bank of Hawaii Corporation (NYSE:BOH), a $14.2 billion bank headquartered in Honolulu, which reports on July 28. You can find information on other banks at Jay's Motley Fool article feed, available here. All data in this analysis was sourced from the FDIC's Quarterly Banking Profile and S&P Capital IQ.

In his analysis, Jay uses a model to evaluate banks made famous by former Wachovia CEO John Medlin: soundness, profitability, and growth. As investors, we then look at valuation and the potential for investment after gaining a better understanding for each bank.

In Part 1, Jay tackles the bank's soundness and likes what he sees.

For more bank and value investing analysis, like Jay on Facebook here! 

Jay Jenkins has no position in any stocks mentioned. The Motley Fool recommends Apple and Bank of America and owns shares of Apple, Bank of America, and Bank of Hawaii. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.