Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 82

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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 Other Equity Investments$224,381 $233,202 $(8,821)(3.8)%Deferred Tax Assets and Tax Receivable164,062 172,499 (8,437)(4.9)Derivative Financial Instruments108,223 161,473 (53,250)(33.0)Federal Home Loan Bank of Des Moines Stock34,750 34,750 — — Federal Reserve Bank Stock30,541 30,339 202 0.7 Prepaid Expenses21,874 22,623 (749)(3.3)Deferred Compensation Plan Assets14,569 18,155 (3,586)(19.8)Accounts Receivable12,641 16,981 (4,340)(25.6)Foreclosed Real Estate342 2,657 (2,315)(87.1)Other40,401 44,279 (3,878)(8.8)Total Other Assets$651,784 $736,958 $(85,174)(11.6)%

Derivative financial instruments decreased by $53.3 million or 33.0% due to changes in interest rates from December 2024 to June 2025 decreasing the valuation of customer swaps and fair value hedges. Accounts receivable decreased by $4.3 million due to timing of payments and changes in accruals. Deferred compensation plan assets decreased by $3.6 million primarily due to distributions from the executive deferred compensation plan in 2025.

Deposits

Table 9 presents the composition of our deposits by major customer categories.

DepositsTable 9(dollars in thousands)June 30, 2025December 31, 2024Dollar ChangePercent ChangeConsumer$10,429,271 $10,397,777 $31,494 0.3 %Commercial8,243,898 8,299,590 (55,692)(0.7)Public and Other2,125,745 1,935,670 190,075 9.8 Total Deposits$20,798,914 $20,633,037 $165,877 0.8 %

Total deposits were $20.8 billion as of June 30, 2025, an increase of $165.9 million or 0.8% from December 31, 2024. Consumer deposits increased by $31.5