Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 250

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 250
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 the financial statements. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The amendments in ASU 2024-03 should be applied on a prospective basis, although retrospective application is permitted. ASU 2024-03 is not expected to have a material impact on the Company’s financial statements.

68

Note 3.  Investment SecuritiesThe amortized cost, gross unrealized gains and losses and fair value of the Company’s investment securities as of December 31, 2024 and 2023, were as follows: 

        (dollars in thousands)
         
        Amortized Cost

        Gross Unrealized Gains

        Gross Unrealized Losses

        Fair Value

        December 31, 2024

        Available-for-Sale:

        Debt Securities Issued by the U.S. Treasury and Government Agencies
         
        $
        257,036

        $
        221

        $
        (8,185
        )
         
        $
        249,072

        Debt Securities Issued by States and Political Subdivisions

        73,208

        —

        (9,349
        )

        63,859

        Debt Securities Issued by U.S. Government-Sponsored Enterprises

        1,505

        —

        (41
        )

        1,464

        Debt Securities Issued by Corporations

        703,579

        376

        (32,280
        )

        671,675

        Collateralized Mortgage Obligations:

            Residential - Government Agencies or Sponsored Enterprises

        1,050,299

        322

        (115,401
        )

        935,220

            Commercial - Government Agencies or Sponsored Enterprises

        306,696

        199

        (23,421
        )

        283,474

        Total Collateralized Mortgage Obligations

        1,356,995

        521

        (138,822
        )

        1,218,694

        Mortgage-Backed Securities:

            Residential - Government Agencies or Sponsored Enterprises

        555,092

        130

        (70,458
        )

        484,764

        Total Mortgage-Backed Securities

        555