Company: BOH
Filing Date: 2025-10-28
Form Type: 10-Q
Source: 0000046195-25-000037
Chunk: 153

Company: BANK OF HAWAII CORP
Filing Date: 2025-10-28
Form: 10-Q
Item: Part I, Item 8
Chunk 153
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 are offered to middle-market and large companies in Hawai‘i and the West Pacific. Commercial Banking also offers lease financing and deposit products to government entities in Hawai‘i. Commercial real estate mortgages focus on investors, developers, and builders predominantly domiciled in Hawai‘i. Commercial Banking includes international banking which services Japanese, Korean, and Chinese commercial businesses owned by a foreign individual or entity, a U.S. corporate subsidiary of a foreign owner, or businesses where management prefers to speak a foreign language.Treasury and OtherTreasury consists of corporate asset and liability management activities, including interest rate risk management and a foreign currency exchange business. This segment’s assets and liabilities (and related interest income and expense) consist of interest-bearing deposits, investment securities, federal funds sold and purchased, and short and long-term borrowings. The primary sources of noninterest income are from bank-owned life insurance, net gains from the sale of investment securities, and foreign exchange income related to customer-driven currency requests from merchants and island visitors. The net residual effect of the transfer pricing of assets and liabilities is included in Treasury and Other, along with the elimination of intercompany transactions.Other organizational units (Technology, Operations, Marketing, Human Resources, Finance, Credit and Risk Management, and Corporate and Regulatory Administration) provide a wide range of support to the Company’s other income earning segments. Expenses incurred by these support units are charged to the business segments through an internal cost allocation process. The cost allocation is included in Other Noninterest Expense in the following table.

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Selected business segment financial information as of and for the three and nine months ended September 30, 2025 and 2024, were as follows:(dollars in thousands)Consumer BankingCommercial BankingTreasury and OtherConsolidated TotalThree Months Ended September 30, 2025Net Interest Income (Expense)$95,948$54,196$(13,469)$136,675Provision for (Recapture of) Credit Losses2,578(1)(77)2,500Net Interest Income (Expense) After Provision for Credit Losses93,37054,197(13,392)134,175Noninterest Income33,8709,5502,54645,966Salaries and Benefits21,3185,10336,48462,905Net Occupancy7,3923963,14410,932Other Noninterest Expense58,41213,759(33,621)38,550Noninterest Expense87,12219,2586,007112,387Income (