Company: BOH
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000046195-25-000037
Chunk: 21

Company: BANK OF HAWAII CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 Hawai‘i (the “Bank”).The Consolidated Financial Statements in this report have not been audited by an independent registered public accounting firm, but, in the opinion of management, reflect all adjustments necessary for a fair presentation of the results for the interim periods. All such adjustments are of a normal recurring nature. Intercompany accounts and transactions have been eliminated in consolidation. Certain prior period information has been reclassified to conform to the current period presentation. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for the full fiscal year or any future period.The accompanying Unaudited Consolidated Financial Statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and accompanying notes required by GAAP for complete financial statements and should be read in conjunction with the audited Consolidated Financial Statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. Significant changes to accounting policies from those disclosed in our audited Consolidated Financial Statements and related notes included in the Company’s Annual Report on Form 10-K are presented below.Certain prior period information has been reclassified to conform to the current year presentation.Subsequent EventOn October 1, 2025, the Company sold the economic interests of its merchant services portfolio. As a result of this transaction, the Company will recognize a one-time gain of approximately $18 million during the quarter ending December 31, 2025.

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Note 2.  Investment Securities

The amortized cost, gross unrealized gains and losses, and fair value of the Company’s investment securities as of September 30, 2025 and December 31, 2024, were as follows:(dollars in thousands)Amortized CostGross Unrealized GainsGross Unrealized LossesFair ValueSeptember 30, 2025Available-for-Sale:Debt Securities Issued by the U.S. Treasury and Government Agencies$245,946 $176 $(4,281)$241,841 Debt Securities Issued by States and Political Subdivisions72,434 — (6,393)66,041 Debt Securities Issued by U.S. Government-Sponsored Enterprises1,004 — (13)991 Debt Securities