Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 257

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 257
---
 103,248

        Total
         
        $
        1,920,101

      Public DepositsAs of December 31, 2024 and 2023, deposits of governmental entities of $1.9 billion and $2.0 billion, respectively, required collateralization by acceptable investment securities of the Company.

Note 9.  Securities Sold Under Agreements to RepurchaseDetails of the Company’s securities sold under agreements to repurchase as of December 31, 2024 and 2023 were as follows: 

        December 31, 2024

        December 31, 2023

        (dollars in thousands)
         
        Amounts Outstanding

        Weighted-Average Interest Rate

        Weighted-Avg Maturity (in years)

        Amounts Outstanding

        Weighted-Average Interest Rate

        Weighted-Avg Maturity (in years)

        Securities Sold Under Agreements to Repurchase

        Private Institutions
         
        $
        100,000

        3.88
        %
         
        3.9

        $
        150,000

        3.80
        %
         
        5.2

        Government Entities

        —

        —

        —

        490

        1.55

        0.9

        Total
         
        $
        100,000

        3.88
        %
         
        3.9

        $
        150,490

        3.79
        %
         
        5.2
       
      As of December 31, 2024, all of the Company's repurchase agreements were at fixed interest rates, with remaining terms ranging from 2027 to 2029. In May 2024, a private institution exercised their right to call on one repurchase agreement with a balance of $50.0 million, resulting in its termination. In November 2024, a repurchase agreement with a government entity matured, leaving an aggregate outstanding balance of $100.0 million to private institutions. Each of our repurchase agreements is accounted for as collateralized financing arrangements (i.e., a secured borrowing) and not as a sale and subsequent repurchases of securities. The following table presents the remaining contractual maturities of the Company’s repurchase agreements as of December 31, 2024 and 2023, disaggregated by the class of collateral pledged.