Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 182

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 182
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 loans and leases, classification is made based on where the collateral is located. For unsecured loans and leases, classification is made based on the location where the majority of the borrower’s business operations are conducted.

Our commercial and consumer lending activities are concentrated primarily in Hawai‘i and the West Pacific. Our commercial loan and lease portfolio to borrowers based on the U.S. Mainland includes participation in shared national credits for customers whose operations and assets extend beyond Hawai‘i.

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Other Assets

Table 8 presents the major components of other assets.

Other AssetsTable 8(dollars in thousands)June 30, 2025December 31, 2024Dollar ChangePercent ChangeLow-Income Housing and 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$