Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 229

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 2
Chunk 229
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 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$10,429,271 $10,397,777 $31,494 0.3 %Commercial8,243,898 8,299,590 (55,692)(0.7)Public and Other2,125,745 1,935,670 190,075 9.8 Total Deposits$20,798,914 $20,633,037 $165,877 0.8 %

Total deposits were $20.8 billion as of June 30, 2025, an increase of $165.9 million or 0.8% from December 31, 2024. Consumer deposits increased by $31.5 million due to increases of $144.4 million in savings deposits and $29.6 million in non-interest bearing deposits, partially offset by a decrease of $142.5 million in interest-bearing deposits. Commercial deposits decreased by $55.7 million primarily from decreases of $97.6 million in core deposits, defined as all deposits exclusive of time deposits, partially offset by an increase of $41.9 million in time deposits. Public and other deposits increased by $190.1 million due to an increase of $208.2 million in interest-bearing deposits, partially offset by a decrease of $18.1 million in non-interest bearing deposits.

Table 10 presents the composition of our savings deposits.

Savings DepositsTable 10(dollars in thousands)June 30, 2025December 31, 2024Dollar ChangePercent ChangeMoney Market$3,347,231 $3,430,047 $(82,816)(2.4)%Regular Savings5,134,097 4,934,869 199,228 4.0 Total Savings Deposits$8,481,328 $8,364,916 $116,412 1.4 %

The increase in Regular Savings was primarily due to increases in consumer deposits of $153.