Company: BOH
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0000046195-25-000013
Chunk: 8

Company: BANK OF HAWAII CORP
Filing Date: 2025-06-27
Form: 11-K
Chunk 8
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, is being operated in compliance with the applicable requirements of the Code and, therefore, believes the Plan is qualified and the related trust is tax-exempt.

Accounting principles generally accepted in the United States require Plan management to evaluate uncertain tax positions taken by the Plan. The financial statement effects of a tax position are recognized when the position is more likely than not, based on the technical merits, to be sustained upon examination by the IRS. The Plan Administrator has analyzed the tax positions taken by the Plan, and has concluded that as of December 31, 2024, there are no uncertain positions taken or expected to be taken. The Plan has recognized no interest or penalties related to uncertain tax positions. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

9

### 7. Reconciliation of Financial Statements to Draft Form 5500
The following is a reconciliation of the statement of net assets available for benefits at December 31, 2024 and 2023 and the statement of changes in net assets available for benefits for the years ended December 31, 2024 and 2023 to the draft Form 5500 (in thousands):

|                                                                |     | December 31, |    2024 |     |     |   |    2023 |     |
|:---------------------------------------------------------------|:----|:-------------|--------:|----:|:----|:--|--------:|----:|
| Net assets available for benefits per the financial statements |     | $            | 819,973 |     |     | $ | 758,942 |     |
| Adjustment from deemed distributions                           |     |              |         | -57 |     |   |         | -69 |
| Net assets available for benefits per the draft Form 5500      |     | $            | 819,916 |     |     | $ | 758,873 |     |

|                                                                                |     | Year Ended December 31, |   2024 |     |   |   2023 |
|:-------------------------------------------------------------------------------|:----|:------------------------|-------:|:----|:--|-------:|
| Net increase in net assets available for benefits per the financial statements |     | $                       | 61,031 |     | $ | 79,487 |
| Adjustment from deemed distributions                                           |     |                         |     12 |     |   |      — |
| Total net gain per the draft