Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 120

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 120
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 securities and non-agency collateralized mortgage obligations issued by corporations are of high credit quality and the issuers continue to make timely principal and interest payments. The Company does not intend to sell the investment securities that were in an unrealized loss position and it is more likely than not that the Company will not be required to sell the investment securities before recovery of their amortized cost basis, which may be at maturity. Substantially all of the Company’s HTM debt securities are issued by U.S. government agencies or U.S. government-sponsored enterprises. These securities carry the explicit and/or implicit guarantee of the U.S. government and have a long history of zero credit loss. Therefore, the Company did not record an allowance for credit losses for these securities as of June 30, 2025 and December 31, 2024.Interest income from taxable and non-taxable investment securities for the three and six months ended June 30, 2025 and 2024 were as follows:Three Months Ended June 30,Six Months Ended June 30,(dollars in thousands)2025202420252024Taxable$46,385 $43,057 $90,664 $86,943 Non-Taxable457 6 837 13 Total Interest Income from Investment Securities$46,842 $43,063 $91,501 $86,956 

Note 3.  Loans and Leases and the Allowance for Credit Losses

Loans and LeasesThe Company’s loan and lease portfolio was comprised of the following as of June 30, 2025 and December 31, 2024:(dollars in thousands)June 30, 2025December 31, 2024CommercialCommercial Mortgage$4,038,956 $4,020,622 Commercial and Industrial1,597,560 1,705,133 Construction374,768 308,898 Lease Financing92,842 90,756 Total Commercial6,104,126 6,125,409 ConsumerResidential Mortgage4,637,014 4,628,283 Home Equity2,139,025 2,165,514 Automobile715,688 764,146 Other406,325 392,628 Total Consumer7,898,052 7,950,571 Total Loans and Leases$14,002,178 $14,075,980 The majority of the