Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 93

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 1B
Chunk 93
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 regulatory “well-capitalized” thresholds. Periodically, we may respond to market conditions by implementing changes to our overall balance sheet positioning to manage our capital position.

The Company and the Bank are each subject to regulatory capital requirements administered by the federal banking agencies and the Division of Financial Institutions, an agency of the State of Hawaiʻi Department of Commerce and Consumer Affairs. Failure to meet minimum capital requirements could cause certain mandatory and discretionary actions by regulators that, if undertaken, would likely have a material effect on our financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative and qualitative measures. These measures were established by regulation intended to ensure capital adequacy. Capital ratios are calculated using the regulatory capital rule that allows a five-year transition period related to the adoption of CECL. As of December 31, 2024, the Company’s capital levels remained characterized as “well-capitalized.” There have been no conditions or events since December 31, 2024, that management believes have changed either the Company’s or the Bank’s capital classifications. The Company’s regulatory capital ratios are presented in Table 22 below.

48

Table 22 presents a five-year history of activities and balances in our capital accounts, along with key capital ratios.

    Shareholders’ Equity and Regulatory Capital

    Table 22

    December 31,

    (dollars in thousands)
     
    2024

    2023

    2022

    2021

    2020

    Change in Shareholders' Equity

    Net Income
     
    $
    149,994

    $
    171,202

    $
    225,804

    $
    253,372

    $
    153,804

    Cash Dividends Paid on Common Shares

    (112,313
    )

    (111,795
    )

    (112,557
    )

    (110,633
    )

    (107,434
    )

    Cash Dividends Paid on Preferred Shares

    (12,644
    )

    (7,877
    )

    (7,877
    )

    (2,975
    )

    —

    Dividend Reinvestment Program

    4,246

    4,535

    4,680

    4,835

    5,012

    Preferred Stock Issued, Net