Company: BOH
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000046195-25-000037
Chunk: 173

Company: BANK OF HAWAII CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 173
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 of 5% compared to the same period last year. 

•The effective tax rate for the third quarter of 2025 was 21.3% compared with 23.3% compared to the same period last year.

The balance sheet remained stable during the third quarter of 2025. Compared to December 31, 2024, we experienced a modest decline in loans, while investments and deposits increased.

•Total assets were $24.0 billion as of September 30, 2025, an increase of 1.8% from December 31, 2024.

•Total loans and leases were $14.0 billion as of September 30, 2025, a decrease of 0.4% from December 31, 2024.

•The allowance for credit losses on loans and leases was $148.8 million as of September 30, 2025, a decrease from December 31, 2024. The ratio of the allowance for credit losses to total loans and leases outstanding was 1.06% at the end of the quarter, flat from December 31, 2024.

•Net loan and lease charge-offs during the third quarter of 2025 were $2.6 million or 7 basis points annualized of total average loans and leases outstanding. Net loan and lease charge-offs for the third quarter of 2025 were 

45

comprised of charge-offs of $4.0 million partially offset by recoveries of $1.4 million. Compared to the same quarter of 2024, net loan and lease charge-offs decreased by $1.3 million or 4 basis points annualized on total average loans and leases outstanding.

•Total non-performing assets (“NPAs”) were $16.9 million as of September 30, 2025, down $2.4 million from December 31, 2024. NPAs were 12 basis points of total loans and leases and foreclosed real estate at the end of the quarter, down 2 basis points from December 31, 2024.

•The investment securities portfolio was $7.6 billion as of September 30, 2025, an increase of 4.3% from December 31, 2024. The investment portfolio remains largely comprised of securities issued by U.S. government agencies and U.S. government-sponsored enterprises. Floating rate securities represented 19.3% of the investment securities portfolio as of September 30, 2025