Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 261

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 261
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 B Preferred Stock are not cumulative and will be paid when declared by the Parent’s Board of Directors to the extent that we have legally available funds to pay dividends. If declared, dividends will accrue and be payable quarterly, in arrears, on the liquidation preference amount, on a non-cumulative basis, at a rate of 8.000% per annum. Holders of the Series B Preferred Stock will not have voting rights, except with respect to certain changes in the terms of the preferred stock, certain dividend non-payments and as otherwise required by applicable law. The Company may redeem the Series B Preferred Stock at its option, (i) in whole or in part, from time to time, on any dividend payment date on or after August 1, 2029 or (ii) in whole but not in part, at any time within 90 days following a regulatory capital treatment event, in either case at a redemption price equal to $1,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends. 

85

Accumulated Other Comprehensive Income The following table presents the components of other comprehensive income (loss), net of tax: 

        (dollars in thousands)
         
        Before Tax

        Tax Effect

        Net of Tax

        Year Ended December 31, 2024

        Net Unrealized Gains on Investment Securities:

        Net Unrealized Gains Arising During the Period
         
        $
        47,860

        $
        12,683

        $
        35,177

        Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) that (Increase) Decrease Net Income:

        Amortization of Unrealized Holding Losses on Held-to-Maturity Securities

        24,844

        6,586

        18,258

        Net Unrealized Gains on Investment Securities

        72,704

        19,269

        53,435

        Defined Benefit Plans:

        Net Actuarial Losses Arising During the Period

        (1,101
        )

        (291
        )

        (810
        )

        Amortization of Net Actuarial Losses

        1,163

        308

        855

        Amortization of Prior Service Credit

        (246
        )

        (65
        )

        (181
        )

        Defined Benefit Plans, Net