Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 79

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 79
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 positions, and change the proportion of investments made into the AFS and held-to-maturity (“HTM”) investment categories.

Mortgage-backed securities issued by Ginnie Mae, Fannie Mae, and Freddie Mac represent the largest concentration in our portfolio. As of June 30, 2025, the issuers of these securities carry credit ratings equivalent to those of the U.S. Government, reflecting the explicit and/or implicit guarantees provided.

Net unrealized losses in our AFS and HTM investment securities were $0.9 billion as of June 30, 2025 and $1.1 billion as of December 31, 2024. See Note 2 Investment Securities to the unaudited Consolidated Financial Statements for more information.

Loans and Leases

Table 6 presents the composition of our loan and lease portfolio by major categories.

Loan and Lease Portfolio BalancesTable 6(dollars in thousands)June 30, 2025December 31, 2024Dollar ChangePercent ChangeCommercialCommercial Mortgage$4,038,956 $4,020,622 $18,334 0.5 %Commercial and Industrial1,597,560 1,705,133 (107,573)(6.3)Construction374,768 308,898 65,870 21.3 Lease Financing92,842 90,756 2,086 2.3 Total Commercial6,104,126 6,125,409 (21,283)(0.3)ConsumerResidential Mortgage4,637,014 4,628,283 8,731 0.2 Home Equity2,139,025 2,165,514 (26,489)(1.2)Automobile715,688 764,146 (48,458)(6.3)Other406,325 392,628 13,697 3.5 Total Consumer7,898,052 7,950,571 (52,519)(0.7)Total Loans and Leases$14,002,178 $14,075,980 $(73,802)(0.5)%

Total loans and leases as of June 30, 2025 decreased by $73.8 million or 0.5% from December 31, 2024 due to reductions in both our commercial and consumer loans.

Commercial loans and leases as of June 30, 2025 decreased