Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 175

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 8
Chunk 175
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 3.3 %Trust and Asset Management12,097 12,223 (126)(1.0)23,838 23,412 426 1.8 Service Charges on Deposit Accounts8,119 7,730 389 5.0 16,378 15,677 701 4.5 Bank-Owned Life Insurance3,714 3,396 318 9.4 7,325 6,752 573 8.5 Annuity and Insurance1,437 1,583 (146)(9.2)2,992 2,629 363 13.8 Mortgage Banking849 1,028 (179)(17.4)1,837 1,979 (142)(7.2)Investment Securities Losses, Net(1,126)(1,601)475 (29.7)(2,733)(3,098)365 (11.8)Other Income5,322 3,959 1,363 34.4 10,396 9,129 1,267 13.9 Total Noninterest Income$44,795 $42,087 $2,708 6.4 %$88,853 $84,372 $4,481 5.3 %

Other income increased by $1.4 million or 34.4% in the second quarter of 2025 and $1.3 million or 13.9% for the first six months of 2025 compared to the same periods last year. These increases were primarily due to a gain on sale of an other real estate owned (“OREO”) property and the recovery of a previously charge-off bank-owned life insurance policy.

48

Noninterest Expense

Table 4 presents the components of noninterest expense.

Noninterest ExpenseTable 4Three Months Ended June 30,Six Months Ended June 30,(dollars in thousands)20252024Dollar ChangePercent Change20252024Dollar ChangePercent ChangeSalaries$39,644 $38,662 $982 2.5 %$77,886 $76,693 $1,193 1.6 %Incentive Compensation5,067 3,109 1,958 63.0 10,640 6,199 4,441 71.6 Retirement and Other Benefits