Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 19

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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Collateralized Mortgage Obligations:Residential - Government Agencies or Sponsored Enterprises153,104 (275)673,141 (115,126)826,245 (115,401)Commercial - Government Agencies or Sponsored Enterprises92,485 (5)128,430 (23,416)220,915 (23,421)Total Collateralized Mortgage Obligations245,589 (280)801,571 (138,542)1,047,160 (138,822)Mortgage-Backed Securities:Residential - Government Agencies or Sponsored Enterprises135 — 480,189 (70,458)480,324 (70,458)Total Mortgage-Backed Securities135 — 480,189 (70,458)480,324 (70,458)Total$309,470 $(676)$2,050,731 $(258,459)$2,360,201 $(259,135)The Company does not believe the AFS debt securities that were in an unrealized loss position represent a credit loss impairment. As of June 30, 2025 and December 31, 2024, the Company's unrealized losses from AFS debt securities were generated from 365 positions and 386 positions, respectively. As of June 30, 2025 and December 31, 2024, total gross 

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unrealized losses were attributable to changes in interest rates, relative to when the investment securities were purchased, and not due to the credit quality of the investment securities. Mortgage-backed securities issued by U.S. government agencies or U.S. government-sponsored enterprises carry the explicit and/or implicit guarantee of the U.S. government and have a long history of zero credit loss. Debt securities and non-agency collateralized mortgage obligations issued by corporations are of high credit quality and the issuers continue to make timely principal and interest payments. The Company does not intend to sell the investment securities that were in an unrealized loss position and it is more likely than not that the Company will not be required to sell the investment securities before recovery of their amortized cost basis, which may be at maturity. Substantially all of the Company’s HTM debt securities are issued by U.S. government agencies or U.S. government-sponsored enterprises. These securities carry the explicit and/or implicit guarantee of the U.S. government and have a long history of zero credit loss. Therefore, the Company did not record an allowance