CB BANCSHARES INC/HI
10-Q/A, 1995-09-26
STATE COMMERCIAL BANKS
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               UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C.  20549
                              FORM 10-Q AMENDMENT



   [X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES 
                             EXCHANGE ACT OF 1934
                  For the quarterly period ended June 30, 1995


                                     OR


[ ]   TRANSITION REPORT PURSUANT TO SECTION 13 OF 15(d) OF THE SECURITIES
                             EXCHANGE ACT OF 1934



                        Commission File Number 0-12396



                             CB BANCSHARES, INC.
            (Exact name of registrant as specified in its charter)



                 Hawaii                             99-0197163
        (State of Incorporation)       (IRS Employer Identification No.)


                 201 Merchant Street   Honolulu, Hawaii  96813
                    (Address of principal executive offices)


(808) 546-2411
                       (Registrant's Telephone Number)


Indicate  by  check  mark  whether the registrant (1) has  filed  all  reports 
required  to be filed by Section 13 or 15(d) of the Securities Exchange Act of 
1934  during  the  preceding 12 months (or for such shorter  period  that  the 
registrant  was  required to file such reports), and (2) has been  subject  to 
such filing requirements for the past 90 days.

                        Yes [X]                     No [ ]

The number of shares outstanding of registrant's common stock at
July 31, 1995 was 3,551,228 shares.


<PAGE>
SIGNATURES

Pursuant  to  the requirements of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this report  to be signed  on its  behalf by  the
undersigned thereunto duly authorized.



                                           CB BANCSHARES, INC. AND SUBSIDIARIES



September 25, 1995                         By /s/ Daniel Motohiro
                                           Daniel Motohiro, Treasurer
                                           and Principal Financial Officer











































                                      10
<PAGE>
EXHIBIT INDEX
Exhibit
Number          Description

10              Employment Contract

41              Exhibit 27



















































                                        11



<TABLE> <S> <C>

<ARTICLE> 9
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1995
<PERIOD-END>                               JUN-30-1995
<CASH>                                          45,445
<INT-BEARING-DEPOSITS>                         872,822
<FED-FUNDS-SOLD>                                 4,850
<TRADING-ASSETS>                                   342
<INVESTMENTS-HELD-FOR-SALE>                     45,975
<INVESTMENTS-CARRYING>                         215,029
<INVESTMENTS-MARKET>                           215,661
<LOANS>                                      1,121,066
<ALLOWANCE>                                     14,429
<TOTAL-ASSETS>                               1,487,839
<DEPOSITS>                                     992,367
<SHORT-TERM>                                   265,051
<LIABILITIES-OTHER>                             30,543
<LONG-TERM>                                     80,170
<COMMON>                                         3,551
                                0
                                          0
<OTHER-SE>                                     110,022
<TOTAL-LIABILITIES-AND-EQUITY>                 113,599
<INTEREST-LOAN>                                 46,665
<INTEREST-INVEST>                                8,590
<INTEREST-OTHER>                                   504
<INTEREST-TOTAL>                                55,759
<INTEREST-DEPOSIT>                              16,958
<INTEREST-EXPENSE>                              28,525
<INTEREST-INCOME-NET>                           27,234
<LOAN-LOSSES>                                      240
<SECURITIES-GAINS>                                   0
<EXPENSE-OTHER>                                 24,406
<INCOME-PRETAX>                                  6,994
<INCOME-PRE-EXTRAORDINARY>                       6,994
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                     4,364
<EPS-PRIMARY>                                     1.23
<EPS-DILUTED>                                     1.23
<YIELD-ACTUAL>                                    8.19
<LOANS-NON>                                      9,911
<LOANS-PAST>                                     6,903
<LOANS-TROUBLED>                                     0
<LOANS-PROBLEM>                                      0
<ALLOWANCE-OPEN>                                14,326
<CHARGE-OFFS>                                      354
<RECOVERIES>                                       217
<ALLOWANCE-CLOSE>                               14,429
<ALLOWANCE-DOMESTIC>                            13,239
<ALLOWANCE-FOREIGN>                                  0
<ALLOWANCE-UNALLOCATED>                          1,190
        

</TABLE>


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