Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 150

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 1B
Chunk 150
---

        14,605

        —

        —

        Repurchase Agreements:

        Private Institutions

        150,000

        —

        150,000

        —

        150,000

        —

        Government Entities

        490

        —

        490

        —

        490

        —

        Total Repurchase Agreements
         
        $
        150,490

        $
        —

        $
        150,490

        $
        —

        $
        150,490

        $
        —

      1.The application of collateral cannot reduce the net amount below zero. Therefore, excess collateral is not reflected in this table. For interest rate swap agreements, the fair value of investment securities pledged was $62.0 million and $39.2 million as of December 31, 2024, and December 31, 2023, respectively. For repurchase agreements with private institutions, the fair value of investment securities pledged was $109.5 million and $167.3 million as of December 31, 2024, and December 31, 2023, respectively. For repurchase agreements with government entities, the fair value of investment securities pledged was $0.7 million as of December 31, 2023.

Note 20.  Commitments and ContingenciesThe Company’s credit commitments as of December 31, 2024, were as follows: 

        (dollars in thousands)
         
        December 31, 2024

        Unfunded Commitments to Extend Credit
         
        $
        3,128,272

        Standby Letters of Credit

        96,484

        Commercial Letters of Credit

        9,339

        Total
         
        $
        3,234,095

      Unfunded Commitments to Extend CreditCommitments to extend credit are agreements to lend to a customer as long as there is no violation of the terms or conditions established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since commitments may expire without being drawn, the total commitment amount does not necessarily represent future cash requirements.

103

Standby and Commercial Letters of CreditStandby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Standby letters of credit generally become payable upon the failure of the customer to perform according to the terms of the underlying contract with the third