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Loans and Leases

12 Months Ended

Dec. 31, 2024

Loans and Leases

Loans and Leases

4. Loans and Leases

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As of December 31, 2024 and 2023, loans and leases were comprised of the following:

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​	​	​	​	​	​	​
​	​	December 31,
(dollars in thousands)		2024			2023
Commercial and industrial	​	$	2,247,428	​	$	2,165,349
Commercial real estate	​	​	4,463,992	​	​	4,340,243
Construction	​	​	918,326	​	​	900,292
Residential:	​	​	​	​	​	​
Residential mortgage	​	​	4,168,154	​		4,283,315
Home equity line	​	​	1,151,739	​	​	1,174,588
Total residential	​		5,319,893	​	​	5,457,903
Consumer	​	​	1,023,969	​	​	1,109,901
Lease financing	​	​	434,650	​	​	379,809
Total loans and leases	​	$	14,408,258	​	$	14,353,497

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Outstanding loan balances are reported net of deferred loan costs and fees of $53.2 million and $57.5 million at December 31, 2024 and 2023, respectively.

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Accrued interest receivable related to loans and leases was $67.7 million and $70.1 million as of December 31, 2024 and 2023, respectively, and is recorded separately from the amortized cost basis of loans and leases on the Company’s consolidated balance sheets.

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As of December 31, 2024, residential real estate loans and commercial real estate loans totaling $5.0 billion were pledged to collateralize the Company’s borrowing capacity at the FHLB, and consumer, commercial and industrial, commercial real estate, residential real estate loans and pledged securities totaling $3.6 billion were pledged to collateralize the borrowing capacity at the FRB. As of December 31, 2023, residential real estate loans and commercial real estate loans  totaling $4.5 billion were pledged to collateralize the Company’s borrowing capacity at the FHLB, and consumer, commercial and industrial, commercial real estate, residential real estate loans and pledged securities totaling $4.3 billion were pledged to collateralize the borrowing capacity at the FRB. Residential real estate loans collateralized by properties that were in the process of foreclosure totaled $5.9 million and $6.9 million at December 31, 2024 and 2023, respectively.

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In the course of evaluating the credit risk presented by a customer and the pricing that will adequately compensate the Company for assuming that risk, management may require a certain amount of collateral support. The type of collateral held varies, but may include accounts receivable, inventory, land, buildings, equipment, income-producing commercial properties and residential real estate. The Company applies the same collateral policy for loans whether they are funded immediately or on a delayed basis. The loan and lease portfolio is principally located in Hawaii and, to a lesser extent, on the U.S. Mainland, Guam and Saipan. The risk inherent in the portfolio depends upon both the economic stability of the state or territories, which affects property values, and the financial strength and creditworthiness of the borrowers.

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- References

No definition available.

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- Definition

The entire disclosure for claims held for amounts due a company, excluding disclosure for allowance for credit losses. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Also excludes disclosure for financing receivables.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/310-10/tableOfContent

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