Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 134

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 1B
Chunk 134
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 consists of corporate asset and liability management activities, including interest rate risk management and a foreign currency exchange business. This segment’s assets and liabilities (and related interest income and expense) consist of interest-bearing deposits, investment securities, federal funds sold and purchased, and short and long-term borrowings. The primary sources of noninterest income are from bank-owned life insurance, net gains from the sale of investment securities, and foreign exchange income related to customer-driven currency requests from merchants and island visitors. The net residual effect of the transfer pricing of assets and liabilities is included in Treasury and Other, along with the elimination of intercompany transactions. Other organizational units (Technology, Operations, Marketing, Human Resources, Finance, Credit and Risk Management, and Corporate and Regulatory Administration) provide a wide-range of support to the Company’s other income earning segments. Expenses incurred by these support units are charged to the business segments through an internal cost allocation process. The cost allocation is included in Other Noninterest Expense in the table below.

89

Selected business segment financial information as of and for the years ended December 31, 2024, 2023 and 2022 were as follows: 

        (dollars in thousands)
         
        ConsumerBanking

        CommercialBanking

        Treasuryand Other

        ConsolidatedTotal

        Year Ended December 31, 2024

        Net Interest Income (Expense)
         
        $
        391,137

        $
        206,450

        $
        (131,007
        )
         
        $
        466,580

        Provision for (Recapture of) Credit Losses

        11,969

        913

        (1,732
        )

        11,150

        Net Interest Income (Expense) After Provision for Credit Losses

        379,168

        205,537

        (129,275
        )

        455,430

        Noninterest Income

        134,568

        28,768

        9,193

        172,529

        Salaries and Benefits

        81,477

        20,436

        130,651

        232,564

        Net Occupancy

        27,551

        1,816

        12,717

        42,084

        Other Noninterest Expense

        230,916

        52,100

        (127,556
        )