Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 284

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 284
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4 and 2023. This table excludes financial instruments for which the carrying amount approximates fair value. For short-term financial assets such as cash and cash equivalents, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For non-marketable equity securities such as Federal Home Loan Bank of Des Moines and Federal Reserve Bank stock, the carrying amount is a reasonable estimate of fair value as these securities can only be redeemed or sold at their par value and only to the respective issuing government-supported institution or to another member institution. For financial liabilities such as noninterest-bearing demand, interest-bearing demand, and savings deposits, the carrying amount is a reasonable estimate of fair value due to these products having no stated maturity. 

        Fair Value Measurements

        (dollars in thousands)
         
        Carrying Amount

        Fair Value

        Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)

        Significant Other Observable Inputs (Level 2)

        Significant Unobservable Inputs (Level 3)

        December 31, 2024

        Financial Instruments – Assets

        Investment Securities Held-to-Maturity
         
        $
        4,618,543

        $
        3,820,882

        $
        116,941

        $
        3,703,941

        $
        —

        Loans

        13,777,756

        12,908,626

        —

        —

        12,908,626

        Financial Instruments – Liabilities

        Time Deposits

        3,059,575

        3,050,583

        —

        3,050,583

        —

        Securities Sold Under Agreements to Repurchase

        100,000

        101,478

        —

        101,478

        —

        Other Debt 1

        550,000

        538,808

        —

        538,808

        —

        December 31, 2023

        Financial Instruments – Assets

        Investment Securities Held-to-Maturity
         
        $
        4,997,335

        $
        4,253,637

        $
        116,531

        $
        4,137,106

        $
        —

        Loans

        13,698,701

        12,872,260

        —

        —

        12