Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 59

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 1B
Chunk 59
---
    5.7

    5.01

    Securities Sold Under Agreements to Repurchase

    118.2

    4.6

    3.90

    530.9

    16.3

    3.07

    Other Debt

    559.6

    23.8

    4.24

    921.8

    39.7

    4.30

    Total Interest-Bearing Liabilities

    15,829.1

    397.2

    2.51

    16,007.1

    313.4

    1.96

    Net Interest Income

    $
    470.4

    $
    499.0

    Interest Rate Spread

    1.47
    %

    1.68
    %

    Net Interest Margin

    2.16
    %

    2.24
    %

    Noninterest-Bearing Demand Deposits

    5,385.8

    5,990.5

    Other Liabilities

    614.6

    601.1

    Shareholders’ Equity

    1,533.2

    1,355.5

    Total Liabilities and Shareholders’ Equity
     
    $
    23,362.7

    $
    23,954.2

1.Due to rounding, the amounts presented in this schedule may not tie to other amounts presented elsewhere in this report.

2.Interest income includes taxable-equivalent basis adjustments, based upon a federal statutory tax rate of 21% of $3.8 million and $2.0 million for the years ended December 31, 2024, and 2023, respectively.

3.Non-performing loans and leases are included in the respective average loan and lease balances.

28

    Analysis of Change in Net Interest Income – Taxable-Equivalent Basis

    Table 2

    Year Ended December 31,2024 Compared to 2023

    (dollars in millions)
     
    Volume 1

    Rate 1

    Total

    Change in Interest Income:

    Cash and Cash Equivalents
     
    $
    2.6

    $
    (0.3
    )
     
    $
    2.3

    Investment Securities

    Available-for-S