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

Company: BANK OF HAWAII CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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5202420252024Taxable$48,511 $44,068 $139,175 $130,724 Non-Taxable523 296 1,360 596 Total Interest Income from Investment Securities$49,034 $44,364 $140,535 $131,320 

Note 3.  Loans and Leases and the Allowance for Credit Losses

Loans and LeasesThe Company’s loan and lease portfolio was comprised of the following as of September 30, 2025 and December 31, 2024:(dollars in thousands)September 30, 2025December 31, 2024CommercialCommercial Mortgage$4,040,711 $4,020,622 Commercial and Industrial1,581,232 1,705,133 Construction380,944 308,898 Lease Financing92,213 90,756 Total Commercial6,095,100 6,125,409 ConsumerResidential Mortgage4,685,214 4,628,283 Home Equity2,129,599 2,165,514 Automobile699,244 764,146 Other412,422 392,628 Total Consumer7,926,479 7,950,571 Total Loans and Leases$14,021,579 $14,075,980 The majority of the Company’s lending activity is with customers located within the State of Hawai‘i. A substantial portion of the Company’s real estate loans are secured by real estate located within the State of Hawai‘i.The Company elected to exclude AIR from the amortized cost basis of loans and leases disclosed throughout this footnote. As of September 30, 2025 and December 31, 2024, AIR for loans totaled $48.3 million and $48.4 million, respectively.

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Allowance for Credit Losses (the “Allowance”)The following presents by portfolio segment, the activity in the Allowance for the three and nine months ended September 30, 2025 and 2024.(dollars in thousands)CommercialConsumerTotalThree Months Ended September 30, 2025Allowance for Credit Losses:Balance at Beginning of Period$78,902 $69,641 $148,543 Loans and Leases Charged-Off(171)(3,788)(3,959)Recoveries on Loans and Leases Previously Charged