Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 200

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 200
---
    377,130

    1,715,220

    2,165,514

    1,084,730

    1,080,784

    Automobile

    11,872

    549,200

    203,074

    —

    —

    764,146

    —

    764,146

    Other

    48,289

    246,412

    97,927

    —

    —

    392,628

    30,832

    361,796

    Total Consumer

    63,177

    830,604

    449,911

    645,745

    5,961,134

    7,950,571

    1,795,095

    6,155,476

    Total Loans and Leases
     
    $
    1,218,829

    $
    2,714,446

    $
    2,803,704

    $
    967,768

    $
    6,371,233

    $
    14,075,980

    $
    5,851,001

    $
    8,224,979

1.Based on contractual maturities.

Goodwill

Goodwill was $31.5 million as of December 31, 2024, and 2023. As of December 31, 2024, based on our qualitative assessment, there were no reporting units where we concluded that the fair value of a reporting unit was less than its carrying amount, including goodwill. See Note 2 in Item 8. “Notes to Consolidated Financial Statements” for more information on our goodwill impairment policy.

Other Assets

Other assets were $737.0 million as of December 31, 2024, an increase of $95.4 million or 15% from the prior year. The increase resulted from various items. Derivative financial instruments increased by $66.4 million due to an increase in the fair value of our interest rate swaps and the strategic repositioning of our fair value hedge portfolio. Low-income housing and other equity investments increased by $24.3 million due to increased funding of existing projects. Deferred tax assets and tax receivable decreased by $11.2 million or 6.1% due to temporary differences between financial reporting and income tax basis of unrealized losses on investment securities