Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 201

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 201
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 and a decrease in federal income tax receivable. See Note 7 in Item 8. “Notes to Consolidated Financial Statements” for more information on the composition of our other assets.

36

Deposits

Table 11 presents the components of our deposits by major customer categories as of December 31, 2024, and 2023.

    Deposits
     
    Table 11

    December 31,

    (dollars in thousands)
     
    2024

    2023

    Consumer
     
    $
    10,397,777

    $
    10,319,809

    Commercial

    8,299,590

    8,601,224

    Public and Other

    1,935,670

    2,134,012

    Total Deposits
     
    $
    20,633,037

    $
    21,055,045

Total deposits were $20.6 billion as of December 31, 2024, a $422.0 million or 2% decrease from the prior year. This decrease was primarily due to a decrease in commercial and public and other deposits. Commercial deposits decreased by $301.6 million or 4%, due to decreases of $258.2 million in core deposits, defined as all deposits exclusive of time deposits and a decrease of $43.4 million in time deposits. Public and other deposits decreased by $198.3 million or 9%, due to a decrease of $114.4 million in time deposits and $83.9 million in core deposits. Consumer deposits remained relatively unchanged from the prior year. 

Table 12 presents the components of our savings deposits as of December 31, 2024, and 2023.

    Savings Deposits
     
    Table 12

    December 31,

    (dollars in thousands)
     
    2024

    2023

    Money Market
     
    $
    3,430,047

    $
    3,258,631

    Regular Savings

    4,934,869

    4,930,841

    Total Savings Deposits
     
    $
    8,364,916

    $
    8,189,472

Table 13 presents the maturity distribution of the estimated uninsured time deposits as of December 31, 2024, and 2023.

    Maturity Distribution