Company: BOH
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000046195-25-000037
Chunk: 94

Company: BANK OF HAWAII CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 1
Chunk 94
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 Repurchase

Securities sold under agreements to repurchase were $50.0 million and $100.0 million as of September 30, 2025 and December 31, 2024, respectively. In February 2025, a private institution exercised its right to call on a repurchase agreement with a balance of $50.0 million, resulting in its termination. As of September 30, 2025, our remaining repurchase agreement was at a fixed interest rate of 3.89% with a remaining maturity of 4.13 years. Our repurchase agreement was accounted for as a collateralized financing arrangement (i.e., a secured borrowing) and not as a sale and subsequent repurchase of securities.

Other Debt

Table 13 presents the composition of our other debt.

Other DebtTable 13(dollars in thousands)September 30, 2025December 31, 2024Dollar ChangeFederal Home Loan Bank of Des Moines Advances$550,000 $550,000 $— Finance Lease Obligations8,201 8,274 (73)Total$558,201 $558,274 $(73)

Analysis of Business Segments

Our business segments are defined as Consumer Banking, Commercial Banking, and Treasury and Other.

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Table 14 summarizes net income from our business segments. Additional information about segment performance is presented in Note 9 Business Segments to the unaudited Consolidated Financial Statements.

Business Segment Net IncomeTable 14Three Months Ended September 30,Nine Months Ended September 30,(dollars in thousands)20252024Dollar ChangePercent Change20252024Dollar ChangePercent ChangeConsumer Banking$29,918 $32,993 $(3,075)(9.3)%$89,107 $97,086 $(7,979)(8.2)%Commercial Banking33,091 28,929 4,162 14.4 95,474 87,784 7,690 8.8 Total63,009 61,922 1,087 1.8 184,581 184,870 (289)(0.2)Treasury and Other(9,664)(21,564)11,900 55.2 (39,614)(74,038)34,424 46.5 Consolidated Total$53,345 $40,358 $12,987 32.2 %$