Company: BOH
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000046195-25-000037
Chunk: 226

Company: BANK OF HAWAII CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 2
Chunk 226
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 liabilities decreased by 37 and 30 basis points during the three and nine months ended September 30, 2025, respectively, primarily due to a decrease in the prevailing interest rate environment, which was driven by 125 basis points of interest rate cuts by the Federal Open Market Committee from September 2024 through September 2025. 

Noninterest Income

Table 3 presents the components of noninterest income.

Noninterest IncomeTable 3Three Months Ended September 30,Nine Months Ended September 30,(dollars in thousands)20252024Dollar ChangePercent Change20252024Dollar ChangePercent ChangeFees, Exchange, and Other Service Charges$15,219 $14,945 $274 1.8 %$44,039 $42,837 $1,202 2.8 %Trust and Asset Management12,598 11,916 682 5.7 36,436 35,328 1,108 3.1 Service Charges on Deposit Accounts8,510 8,075 435 5.4 24,888 23,752 1,136 4.8 Bank-Owned Life Insurance3,681 3,533 148 4.2 11,006 10,285 721 7.0 Annuity and Insurance1,095 1,460 (365)(25.0)4,087 4,089 (2)— Mortgage Banking906 1,188 (282)(23.7)2,743 3,167 (424)(13.4)Investment Securities Losses, Net(1,945)(1,103)(842)76.3 (4,678)(4,201)(477)11.4 Other Income5,902 5,096 806 15.8 16,298 14,225 2,073 14.6 Total Noninterest Income$45,966 $45,110 $856 1.9 %$134,819 $129,482 $5,337 4.1 %

Investment securities losses increased by $0.8 million or 76.3% in the third quarter of 2025 compared to the same period last year, primarily due to higher fees paid to counterparties for Visa Class B share conversion rate expense during the third quarter of 2025. In October 2025