Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 137

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 137
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,(dollars in thousands)2025202420252024Balance at Beginning of Period$628 $674 $647 $678 Change in Fair Value Due to Payoffs(9)(6)(28)(10)Balance at End of Period$619 $668 $619 $668 For the three and six months ended June 30, 2025 and 2024, the change in the carrying value of the Company’s mortgage servicing rights accounted for under the amortization method was as follows:Three Months Ended June 30,Six Months Ended June 30,(dollars in thousands)2025202420252024Balance at Beginning of Period$18,141 $19,748 $18,552 $20,201 Servicing Rights that Resulted From Asset Transfers92 63 179 158 Amortization(490)(525)(988)(1,073)Balance at End of Period$17,743 $19,286 $17,743 $19,286 Fair Value of Mortgage Servicing Rights Accounted for Under the Amortization MethodBeginning of Period$24,569 $25,649 $24,989 $26,173 End of Period$24,218 $25,326 $24,218 $25,326 The key data and assumptions used in estimating the fair value of the Company’s mortgage servicing rights as of June 30, 2025 and December 31, 2024, were as follows:June 30, 2025December 31, 2024Weighted-Average Constant Prepayment Rate 14.12 %4.00 %Weighted-Average Life (in years)9.099.28Weighted-Average Note Rate3.76 %3.74 %Weighted-Average Discount Rate 29.55 %9.92 %1Represents annualized loan prepayment rate assumption.2Derived from multiple interest rate scenarios that incorporate a spread to a market yield curve and market volatilities.A sensitivity analysis of the Company’s fair value of mortgage servicing rights to changes in certain key assumptions as of June 30, 2025 and December 31, 2024, is presented in the following table.(dollars in thousands)June 30, 2025December 31, 2024Constant Prepayment RateDecrease in fair value from 25 basis points (“bps”) adverse change$(300)