Company: BOH
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0001628280-25-036240
Chunk: 237

Company: BANK OF HAWAII CORP
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 2
Chunk 237
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151,155 $150,128 $151,155 ComponentsAllowance for Credit Losses - Loans and Leases$148,543 $147,477 $148,543 $147,477 Reserve for Unfunded Commitments1,585 3,678 1,585 3,678 Total Reserve for Credit Losses$150,128 $151,155 $150,128 $151,155 Average Loans and Leases Outstanding$14,049,025 $13,831,797 $14,055,563 $13,850,299 Ratio of Net Loans and Leases Charged-Off to Average Loans and Leases Outstanding (annualized)0.07 %0.10 %0.10 %0.08 %Ratio of Allowance for Credit Losses to Loans and Leases Outstanding 11.06 %1.07 %1.06 %1.07 %

1The numerator comprises the Allowance for Credit Losses - Loans and Leases.

Allowance for Credit Losses (the “Allowance”)

As of June 30, 2025 and December 31, 2024, the Allowance was $148.5 million or 1.06% of total loans and leases outstanding. The Allowance as of June 30, 2025 and December 31, 2024, includes a qualitative overlay to account for economic uncertainty and downside risk of a recession.

Net charge-offs on loans and leases for the three and six months ended June 30, 2025 were $2.6 million or 0.07% and $7.0 million or 0.10%, respectively of total average loans and leases on an annualized basis, compared to $3.4 million or 0.10% and $5.7 million or 0.08% of total average loans and leases on an annualized basis for the three and six months ended June 30, 2024, respectively. The increase for the six months ended June 30, 2025 was primarily due to higher gross charge-offs in both commercial and industrial and automobile portfolios.

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Reserve for Unfunded Commitments

The Unfunded Reserve was $1.6 million as of June 30, 2025, a decrease of $0.5 million or 25% from December 31, 2024, primarily due to