Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 211

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 211
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 interest payment forbearances were granted. The reserve was recorded as a contra-asset against accrued interest receivable with the offset to provision for credit losses. In 2022, the reserve on accrued interest receivable was fully released.

3.The reserve for unfunded commitments is separately recorded in other liabilities in the consolidated statements of condition. For the years ended December 31, 2021 through 2024, the offsetting provision was recorded in provision for credit losses in the consolidated statements of income. In previous reporting periods, the offsetting provision was recorded in other noninterest expense.

4.The numerator comprises the Allowance for Credit Losses - Loans and Leases.

43

Allowance for Credit Losses

Table 19 and 20 presents the allocation of the Allowance by loan and lease category.

    Allocation of Allowance for Credit Losses

    Table 19

    December 31,

    (dollars in thousands)
     
    2024

    2023

    2022

    2021

    2020

    Commercial

    Commercial Mortgage
     
    $
    43,745

    $
    32,646

    $
    32,588

    $
    29,997

    $
    31,723

    Commercial and Industrial

    32,840

    34,036

    24,283

    27,650

    43,092

    Construction

    5,315

    5,090

    4,223

    4,311

    5,417

    Lease Financing

    2,000

    2,302

    2,806

    2,992

    4,615

    Total Commercial

    83,900

    74,074

    63,900

    64,950

    84,847

    Consumer

    Residential Mortgage

    15,685

    19,452

    17,079

    20,721

    32,643

    Home Equity

    12,130

    14,317

    16,654

    18,924

    37,987

    Automobile

    17,116

    18,799

    21,566

    25,018

    28,822

    Other

    19