Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 69

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 1B
Chunk 69
---

    1,836,588

    1,604,538

    Automobile

    764,146

    837,830

    870,396

    736,565

    708,800

    Other

    392,628

    400,712

    432,499

    410,129

    395,483

    Total Consumer

    7,950,571

    8,187,540

    8,181,917

    7,292,884

    6,839,334

    Total Loans and Leases
     
    $
    14,075,980

    $
    13,965,026

    $
    13,646,420

    $
    12,259,076

    $
    11,940,020

Total loans and leases were $14.1 billion as of December 31, 2024. This represents a $111.0 million or 1% increase from the prior year, due to growth in the commercial loan and lease portfolio.

The commercial loan and lease portfolio is comprised of commercial and industrial loans, commercial mortgages, construction loans, and lease financing. Commercial and industrial loans are made primarily to corporations, middle market, and small businesses for the purpose of financing equipment acquisitions, expansion, working capital, and other general business purposes. Commercial mortgage and construction loans are offered to real estate investors, developers, and builders primarily domiciled in Hawaiʻi. Commercial mortgage loans are secured by first mortgages on commercial real estate at loan-to-value ratios generally not exceeding 75%. Commercial properties are well diversified among property types, including and primarily multi-family, industrial, retail and lodging. The primary source of repayment for investor property is cash flow from the property and for owner-occupied property is the operating cash flow from the business.

34

Table 8A presents an additional breakdown of the Company’s commercial mortgage portfolio.

    Commercial Mortgage Breakdown

    Table 8A

    As of December 31, 2024

    (dollars in thousands)
     
    Amount

    Percent of total

    % Owner Occupied

    Multi-family
     
    $
    1,025,247

    25
    %

    0
    %

    Industrial

    724,645

    18

    42

    Retail

    704,780