Company: BOH
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000046195-25-000037
Chunk: 125

Company: BANK OF HAWAII CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 125
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,892 (108)546,407 (32,172)571,299 (32,280)Collateralized Mortgage Obligations:Residential - Government Agencies or Sponsored Enterprises153,104 (275)673,141 (115,126)826,245 (115,401)Commercial - Government Agencies or Sponsored Enterprises92,485 (5)128,430 (23,416)220,915 (23,421)Total Collateralized Mortgage Obligations245,589 (280)801,571 (138,542)1,047,160 (138,822)Mortgage-Backed Securities:Residential - Government Agencies or Sponsored Enterprises135 0 480,189 (70,458)480,324 (70,458)Total Mortgage-Backed Securities135 0 480,189 (70,458)480,324 (70,458)Total$309,470 $(676)$2,050,731 $(258,459)$2,360,201 $(259,135)The Company does not believe the AFS debt securities that were in an unrealized loss position represent a credit loss impairment. As of September 30, 2025 and December 31, 2024, the Company's unrealized losses from AFS debt securities were generated from 355 positions and 386 positions, respectively. As of September 30, 2025 and December 31, 2024, total gross unrealized losses were attributable to changes in interest rates, relative to when the investment securities were purchased, and not due to the credit quality of the investment securities. Mortgage-backed securities issued by U.S. government agencies or U.S. government-sponsored enterprises carry the explicit and/or implicit guarantee of the U.S. 

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government and have a long history of zero credit loss. Debt securities issued by corporations and non-agency commercial mortgage-backed securities are of high credit quality and the issuers continue to make timely principal and interest payments. As of September 30, 2025, the Company did not have any plans to sell the investment securities that were in an unrealized loss position and it is more likely than not that the Company will not be required to sell the investment securities before recovery of their amortized cost basis, which may be at maturity. In October 2025, the Company initiated the process of repositioning a portion of its AFS securities. As a result,