Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 85

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 1B
Chunk 85
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93

    2.86

    5.84

    3.17

    6.88

    3.35

    8.08

    3.31

    Total Consumer

    0.81

    56.48

    0.88

    58.63

    0.98

    59.96

    1.27

    59.49

    1.92

    57.28

    Total

    1.06
     
    %
     
    100.00
     
    %

    1.05
     
    %
     
    100.00
     
    %

    1.06
     
    %
     
    100.00
     
    %

    1.29
     
    %
     
    100.00
     
    %

    1.81
     
    %
     
    100.00
     
    %

Allowance for Credit Losses – Loans and Leases

As of December 31, 2024, the Allowance was $148.5 million or 1.06% of total loans and leases outstanding compared with an Allowance of $146.4 million or 1.05% of total loans and leases outstanding as of December 31, 2023. The Allowance reflects management’s best estimate of losses over the life of loans and leases in our portfolio in accordance with the CECL approach. The Ratio of Allowance for Credit Losses to Loans and Leases Outstanding was stable compared with the prior year.

Net charge-offs of loans and leases were $12.9 million or 0.09% of total average loans and leases in 2024 compared to $7.8 million or 0.06% of total average loans and leases in the prior year. Net charge-offs in our consumer portfolios were $11.2 million in 2024 compared to $7.2 million in the prior year. This increase was primarily reflected in our other and automobile portfolios. Net charge-offs in our commercial portfolios were $1.8 million in 2024 compared to $0.6 million in the prior year. This increase was reflected in our commercial and industrial portfolio.

44

The allocation of the Allowance to our commercial portfolio segment increased by $9.8 million or 13% from the prior year. This