Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 122

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 122
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Net Loans and Leases Charged-Off(612)(2,781)(3,393)Provision for Credit Losses5,610 (2,404)3,206 Balance at End of Period$80,085 $67,392 $147,477 Six Months Ended June 30, 2024Allowance for Credit Losses:Balance at Beginning of Period$74,074 $72,329 $146,403 Loans and Leases Charged-Off(1,235)(7,350)(8,585)Recoveries on Loans and Leases Previously Charged-Off379 2,532 2,911 Net Loans and Leases Charged-Off(856)(4,818)(5,674)Provision for Credit Losses6,867 (119)6,748 Balance at End of Period$80,085 $67,392 $147,477 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.

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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 contractual terms of the loan or lease agreement. Residential mortgage loans that are past due 90 days or more as to principal or interest may be considered Pass if the current loan-to-value ratio is 60% or less. Home equity loans that are past due 90 days or more as to principal or interest may be considered Pass if: a) the home equity loan is in first lien position and the current loan-to-value ratio is 60% or less; or b) the first mortgage is with the Company and the current combined loan-to-value ratio is 60% or less.Special Mention:Loans and leases