Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 121

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 121
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 Company’s lending activity is with customers located within the State of Hawai‘i. A substantial portion of the Company’s real estate loans are secured by real estate located within the State of Hawai‘i.The Company elected to exclude AIR from the amortized cost basis of loans and leases disclosed throughout this footnote. As of June 30, 2025 and December 31, 2024, AIR for loans totaled $48.2 million and $48.4 million, respectively.

12

Allowance for Credit Losses (the “Allowance”)The following presents by portfolio segment, the activity in the Allowance for the three and six months ended June 30, 2025 and 2024.(dollars in thousands)CommercialConsumerTotalThree Months Ended June 30, 2025Allowance for Credit Losses:Balance at Beginning of Period$80,628 $67,079 $147,707 Loans and Leases Charged-Off(206)(3,805)(4,011)Recoveries on Loans and Leases Previously Charged-Off78 1,315 1,393 Net Loans and Leases Charged-Off(128)(2,490)(2,618)Provision for Credit Losses(1,598)5,052 3,454 Balance at End of Period$78,902 $69,641 $148,543 Six Months Ended June 30, 2025Allowance for Credit Losses:Balance at Beginning of Period$83,900 $64,628 $148,528 Loans and Leases Charged-Off(1,605)(8,115)(9,720)Recoveries on Loans and Leases Previously Charged-Off155 2,544 2,699 Net Loans and Leases Charged-Off(1,450)(5,571)(7,021)Provision for Credit Losses(3,548)10,584 7,036 Balance at End of Period$78,902 $69,641 $148,543 Three Months Ended June 30, 2024Allowance for Credit Losses:Balance at Beginning of Period$75,087 $72,577 $147,664 Loans and Leases Charged-Off(875)(3,955)(4,830)Recoveries on Loans and Leases Previously Charged-Off263 1,174 1,437