Company: BOH
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0000950170-25-031193
Chunk: 255

Company: BANK OF HAWAII CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 255
---
 difficulty may include interest rate reductions, principal or interest forgiveness, forbearances, term extensions, and other actions intended to minimize economic loss and to avoid foreclosure or repossession of collateral. The following illustrates the most common loan modifications by loan classes offered by the Company: 

      Loan Classes
      Modification Types

      Commercial:
      Term extension, interest rate reductions, other-than-insignificant payment delay, or combination thereof. These modifications extend the term of the loan, lower the payment amount, or results in an other-than-insignificant payment delay during a defined period for the purpose of providing borrowers additional time to return to compliance with the original loan term. 

      Residential Mortgage/Home Equity:
      Forbearance period greater than six months. These modifications require reduced or no payments during the forbearance period for the purpose of providing borrowers additional time to return to compliance with the original loan term.

      Residential Mortgage/Home Equity:
      Term extension and rate adjustment. These modifications extend the term of the loan and provides for an adjustment to the interest rate, which reduces the monthly payment requirement.

      Automobile/Direct Installment:
      Term extension greater than three months. These modifications extend the term of the loan, which reduces the monthly payment requirement.
     
    The following table presents the amortized cost basis of loan modifications made to borrowers experiencing financial difficulty during the year ended December 31, 2024 and 2023. 

        (dollars in thousands)
         
        Term Extension

        Interest Rate Reduction

        Payment Delay and Term Extension1

        Extension and Interest Rate Reduction

        Payment Delay

        Total

        % of Total Class of Loans and Leases

        For the Year Ended December 31, 2024

        Commercial

        Commercial Mortgage
         
        $
        2,450

        $
        —

        $
        —

        $
        —

        $
        —

        $
        2,450

        0.06
        %

        Commercial and Industrial

        97

        —

        4,023

        —

        —

        4,120

        0.24
        %

        Total Commercial

        2,547

        —

        4,023

        —

        —

        6,570

        0.11
        %

        Consumer

        Residential Mortgage

        —

        —

        —

        —

        14,369

        14,369

        0.31
        %

        Home Equity

        —