Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 125

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 1B
Chunk 125
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 350

        6,799

        7,149

        Net Loans and Leases Charged-Off

        (637
        )

        (7,181
        )

        (7,818
        )

        Provision for Credit Losses

        10,811

        (1,029
        )

        9,782

        Balance at End of Period
         
        $
        74,074

        $
        72,329

        $
        146,403

        For the Year Ended December 31, 2022

        Allowance for Credit Losses:

        Balance at Beginning of Period
         
        $
        64,950

        $
        92,871

        $
        157,821

        Loans and Leases Charged-Off

        (925
        )

        (12,417
        )

        (13,342
        )

        Recoveries on Loans and Leases Previously Charged-Off

        552

        7,671

        8,223

        Net Loans and Leases Charged-Off

        (373
        )

        (4,746
        )

        (5,119
        )

        Provision for Credit Losses

        (677
        )

        (7,586
        )

        (8,263
        )

        Balance at End of Period
         
        $
        63,900

        $
        80,539

        $
        144,439

       Credit Quality IndicatorsThe Company uses several credit quality indicators to manage credit risk in an ongoing manner. The Company uses an internal credit risk rating system that categorizes loans and leases into pass, special mention, or classified categories. Credit risk ratings are applied individually to those classes of loans and leases that have significant or unique credit characteristics that benefit from a case-by-case evaluation. These are typically loans and leases to businesses or individuals in the classes which comprise the commercial portfolio segment. Groups of loans and leases that are underwritten and structured using standardized criteria and characteristics are typically monitored and risk-rated collectively. These are typically loans and leases to individuals in the classes which comprise the consumer portfolio segment. The following are the definitions of the Company’s credit quality indicators:

      Pass:
      Loans and leases in all classes within the commercial and consumer portfolio segments that are not adversely rated, are generally contractually current as to principal and interest, and are otherwise in compliance with the