XML 43 R32.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Other Assets (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Other Assets. |
Schedule of estimated future amortization expense for MSRs | Amortization of mortgage servicing rights (“MSRs”) was $0.2 million and $0.3 million for the three months ended June 30, 2024 and 2023, respectively, and $0.5 million and $0.6 million for the six months ended June 30, 2024 and 2023, respectively. The estimated future amortization expenses for MSRs over the next five years are as follows: ​
​ | ​ | ​ | ​
​ | ​ | Estimated
(dollars in thousands) |  | Amortization
Under one year | ​ | $ | 791
One to two years | ​ | ​ | 702
Two to three years | ​ | ​ | 621
Three to four years | ​ | ​ | 548
Four to five years | ​ | ​ | 485
Schedule of details of the Company's MSRs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, | ​ | December 31,
(dollars in thousands) |  | 2024 |  | 2023
Gross carrying amount | ​ | $ | 69,708 | ​ | $ | 69,515
Less: accumulated amortization | ​ | ​ | 64,313 | ​ | ​ | 63,816
Net carrying value | ​ | $ | 5,395 | ​ | $ | 5,699
​ | ​ | ​ | ​ | ​ | ​ | ​
Schedule of changes in amortized MSRs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | Six Months Ended June 30,
(dollars in thousands) |  | 2024 |  | 2023 |  | 2024 |  | 2023
Balance at beginning of period | ​ | $ | 5,533 | ​ | $ | 6,299 | ​ | $ | 5,699 | ​ | $ | 6,562
Originations | ​ | ​ | 96 | ​ | ​ | 51 | ​ | ​ | 193 | ​ | ​ | 68
Amortization | ​ | ​ | (234) | ​ | ​ | (278) | ​ | ​ | (497) | ​ | ​ | (558)
Balance at end of period | ​ | $ | 5,395 | ​ | $ | 6,072 | ​ | $ | 5,395 | ​ | $ | 6,072
Fair value of amortized MSRs at beginning of period | ​ | $ | 14,071 | ​ | $ | 15,169 | ​ | $ | 14,308 | ​ | $ | 15,193
Fair value of amortized MSRs at end of period | ​ | $ | 14,094 | ​ | $ | 14,557 | ​ | $ | 14,094 | ​ | $ | 14,557
Schedule of quantitative assumptions used in determining lower of cost or fair value of MSRs | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2024 | ​ | December 31, 2023 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted | ​ | ​ | ​ | ​ | ​ | ​ | Weighted | ​
​ |  | Range | ​ | Average | ​ | Range | ​ | Average | ​
Conditional prepayment rate | ​ | 6.89 | % | - | 11.22 | % | 6.98 | % | 6.87 | % | - | 11.53 | % | 7.04 | %
Life in years (of the MSR) | ​ | 4.61 | ​ | - | 7.17 | ​ | 7.06 | ​ | 4.30 | ​ | - | 7.22 | ​ | 7.09 | ​
Weighted-average coupon rate | ​ | 3.66 | % | - | 5.71 | % | 3.77 | % | 3.57 | % | - | 5.81 | % | 3.73 | %
Discount rate | ​ | 10.36 | % | - | 10.87 | % | 10.41 | % | 10.40 | % | - | 10.60 | % | 10.52 | %

X
- Definition n/a + References No definition available. + Details
Name: | fhb_MortgageServicingRightsAbstract
Namespace Prefix: | fhb_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all information related to the key inputs and assumptions used in measuring the fair value of assets obtained or liabilities incurred, as the result of a sale of financial assets, relating to the transferor's continuing involvement, if any, at the time of securitization, asset-backed financing arrangement, or similar transfer (including at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses, including expected static pool losses). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481326/860-20-50-3 + Details
Name: | us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleOfFiniteLivedIntangibleAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481229/860-50-50-4 + Details
Name: | us-gaap_ScheduleOfServicingAssetsAtAmortizedValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration