Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 84

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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. We believe the adjusted uninsured deposits reconciliation provides useful information about our deposits at risk. 

Uninsured Deposits ReconciliationTable 12(dollars in thousands)June 30, 2025 1December 31, 20242Estimated Uninsured Deposits, as Reported in our Call Report$9,885,632 $9,754,299 Less:Deposits Collateralized by Government-Backed Securities(2,003,084)(1,794,050)Intercompany Deposits of Wholly-Owned Subsidiaries(125,395)(121,932)Other(69,432)(110,995)Adjusted Uninsured Deposits$7,687,721 $7,727,322 

1Balances presented as of June 30, 2025 are preliminary.

2Balances presented as of December 31, 2024 were revised to reflect changes made in our Call Report.

Securities Sold Under Agreements to Repurchase

Securities sold under agreements to repurchase were $50.0 million and $100.0 million as of June 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 June 30, 2025, our remaining repurchase agreement was at a fixed interest rate of 3.89% with a remaining maturity of 4.38 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)June 30, 2025December 31, 2024Dollar ChangeFederal Home Loan Bank of Des Moines Advances$550,000 $550,000 $— Finance Lease Obligations8,226 8,274 (48)Total$558,226 $558,274 $(48)

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