Company: BOH
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000046195-25-000037
Chunk: 142

Company: BANK OF HAWAII CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 142
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297 $134 $2,538 $18,555 As of September 30, 2024CommercialCommercial and Industrial$4,467 $— $— $— $— $4,467 Total Commercial4,467 — — — — 4,467 ConsumerResidential Mortgage14,718 — — — — 14,718 Home Equity1,055 — — — 61 1,116 Automobile10,977 1,783 225 116 — 13,101 Other1,326 115 75 77 — 1,593 Total Consumer28,076 1,898 300 193 61 30,528 Total Loans and Leases$32,543 $1,898 $300 $193 $61 $34,995 Foreclosure ProceedingsConsumer mortgage loans collateralized by residential real estate property (residential mortgage and home equity) that are in the process of foreclosure totaled $10.6 million and $9.6 million as of September 30, 2025 and December 31, 2024, respectively.

Note 4.  Mortgage Servicing Rights

The Company’s portfolio of residential mortgage loans serviced for third parties was $2.4 billion as of September 30, 2025 and $2.5 billion as of December 31, 2024. Substantially all of these loans were originated by the Company and sold to third parties on a non-recourse basis with servicing rights retained. These retained servicing rights are recorded as a servicing asset and are initially recorded at fair value (see Note 12 Fair Value of Assets and Liabilities for more information). Changes to the balance of mortgage servicing rights are recorded in noninterest income under Mortgage Banking in the Company’s unaudited consolidated statements of income. The Company’s mortgage servicing activities include collecting principal, interest, and escrow payments from borrowers; making tax and insurance payments on behalf of borrowers; monitoring delinquencies and executing foreclosure proceedings; and accounting for and remitting principal and interest payments to investors. Servicing income, including late and ancillary fees, was $1.3 million and $1.4 million for the three months ended September 30, 2025 and 2024, respectively, and $3.9 million and $4.1 million for the nine months ended September 30,