Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 122

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 1B
Chunk 122
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 not observable in the market; or inputs to the valuation methodology that requires significant management judgment or estimation, some of which may be internally developed.
       
       In some instances, an instrument may fall into multiple levels of the fair value hierarchy. In such instances, the instrument’s level within the fair value hierarchy is based on the lowest of the three levels (with Level 3 being the lowest) that is significant to the fair value measurement. The Company's assessment of the significance of an input requires judgment and considers factors specific to the instrument.  See Note 14 Employee Benefits and Note 21 Fair Value of Assets and Liabilities for the required fair value measurement disclosures.Accounting Standards Adopted in 2024During the year ended December 31, 2024, the Company adopted ASU 2023-07, “Improvements to Reportable Segment Disclosures”, which requires disclosure of incremental segment information on an annual and interim basis to enable investors to develop more decision-useful financial analyses. The adoption did not have a material impact on the Company’s consolidated financial statements. See Note 13 Business Segments for more information. During the year ended December 31, 2024, the Company adopted ASU 2023-09, “Improvements to Income Tax Disclosure”, which expands the disclosure requirements for income taxes. The adoption did not have a material impact on the Company’s consolidated financial statements. See Note 16 Income Taxes for more information.  Accounting Standards Pending Adoption In November 2024, the FASB issued ASU 2024-03, “Disaggregation of Income Statement Expenses (DISE).” ASU 2024-03 requires additional disclosure of the nature of expenses included in the income statement to be presented in a tabular format in the footnotes to the financial statements. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The amendments in ASU 2024-03 should be applied on a prospective basis, although retrospective application is permitted. ASU 2024-03 is not expected to have a material impact on the Company’s financial statements.

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Note 3.  Investment SecuritiesThe amortized cost, gross unrealized gains and losses and fair value of the Company’s investment securities as of December 31, 2024 and 2023, were as follows: 

        (dollars in thousands)