Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 147

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 147
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 in Hawai‘i. Commercial real estate mortgages focus on investors, developers, and builders predominantly domiciled in Hawai‘i. Commercial Banking includes international banking which services Japanese, Korean, and Chinese commercial businesses owned by a foreign individual or entity, a U.S. corporate subsidiary of a foreign owner, or businesses where management prefers to speak a foreign language.Treasury and OtherTreasury consists of corporate asset and liability management activities, including interest rate risk management and a foreign currency exchange business. This segment’s assets and liabilities (and related interest income and expense) consist of interest-bearing deposits, investment securities, federal funds sold and purchased, and short and long-term borrowings. The primary sources of noninterest income are from bank-owned life insurance, net gains from the sale of investment securities, and foreign exchange income related to customer-driven currency requests from merchants and island visitors. The net residual effect of the transfer pricing of assets and liabilities is included in Treasury and Other, along with the elimination of intercompany transactions.Other organizational units (Technology, Operations, Marketing, Human Resources, Finance, Credit and Risk Management, and Corporate and Regulatory Administration) provide a wide range of support to the Company’s other income earning segments. Expenses incurred by these support units are charged to the business segments through an internal cost allocation process. The cost allocation is included in Other Noninterest Expense in the following table.

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Selected business segment financial information as of and for the three and six months ended June 30, 2025 and 2024, were as follows:(dollars in thousands)Consumer BankingCommercial BankingTreasury and OtherConsolidated TotalThree Months Ended June 30, 2025Net Interest Income (Expense)$95,339$53,949$(19,605)$129,683Provision for (Recapture of) Credit Losses2,619(1)6323,250Net Interest Income (Expense) After Provision for Credit Losses92,72053,950(20,237)126,433Noninterest Income33,9816,1644,65044,795Salaries and Benefits21,0324,93735,33961,308Net Occupancy7,1424022,95510,499Other Noninterest Expense58,62913,535(33,188)38,976Noninterest Expense86,80318,8745,106110,783Income (Loss) Before Provision for Income Taxes39,89841,240(20,693)60,445Provision (Benefit) for Income Taxes