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Bank of Hawaii Corporation Financial Statements | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Of Parent Company Only Disclosure [Abstract] |
Bank of Hawaii Corporation Financial Statements | Note 24. Bank of Hawaii Corporation Financial Statements Condensed financial statements of the Parent were as follows: Condensed Statements of Comprehensive Income
|  | Year Ended December 31, |
(dollars in thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
Income |  |  |  |  |  |  |  |  |  |  |  |
Dividends from Bank of Hawaii |  | $ | 62,000 |  |  | $ | 134,000 |  |  | $ | 220,000 |
Investment Securities Gains (Losses), Net |  |  | (948 | ) |  |  | 13,336 |  |  |  | (850 | )
Other Income and Interest on Investment |  |  | 6 |  |  |  | 154 |  |  |  | 261 |
Total Income |  |  | 61,058 |  |  |  | 147,490 |  |  |  | 219,411 |
Noninterest Expense |  |  |  |  |  |  |  |  |  |  |  |
Intercompany Salaries and Services |  |  | 764 |  |  |  | 758 |  |  |  | 768 |
Other Expenses |  |  | 1,787 |  |  |  | 1,864 |  |  |  | 1,682 |
Total Noninterest Expense |  |  | 2,551 |  |  |  | 2,622 |  |  |  | 2,450 |
Income Before Income Tax Benefit and Equity in Undistributed Income of Subsidiaries |  |  | 58,507 |  |  |  | 144,868 |  |  |  | 216,961 |
Income Tax Benefit (Expense) |  |  | 2,131 |  |  |  | (2,395 | ) |  |  | 1,818 |
Equity in Undistributed Income of Subsidiaries |  |  | 192,734 |  |  |  | 11,331 |  |  |  | 7,134 |
Net Income |  | $ | 253,372 |  |  | $ | 153,804 |  |  | $ | 225,913 |
Comprehensive Income |  | $ | 179,168 |  |  | $ | 192,738 |  |  | $ | 245,844 |
Condensed Statements of Condition
(dollars in thousands) |  | December 31, 2021 |  |  | December 31, 2020 |
Assets |  |  |  |  |  |  |  |
Cash with Bank of Hawaii |  | $ | 6,376 |  |  | $ | 66,704 |
Investment Securities Held-to-Maturity |  |  | 2,500 |  |  |  | 2,501 |
Goodwill |  |  | 14,129 |  |  |  | 14,129 |
Other Assets |  |  | 14,130 |  |  |  | 12,305 |
Equity in Net Assets of Subsidiaries |  |  | 1,586,473 |  |  |  | 1,290,455 |
Total Assets |  | $ | 1,623,608 |  |  | $ | 1,386,094 |
Liabilities |  |  |  |  |  |  |  |
Income Taxes Payable |  | $ | 38 |  |  | $ | 974 |
Other Liabilities |  |  | 11,959 |  |  |  | 10,613 |
Total Liabilities |  |  | 11,997 |  |  |  | 11,587 |
Shareholders' Equity |  |  | 1,611,611 |  |  |  | 1,374,507 |
Total Liabilities and Shareholders' Equity |  | $ | 1,623,608 |  |  | $ | 1,386,094 |
Condensed Statements of Cash Flows
|  | Year Ended December 31, |
(dollars in thousands) |  | 2021 |  |  | 2020 |  |  | 2019 |
Operating Activities |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  | $ | 253,372 |  |  | $ | 153,804 |  |  | $ | 225,913 |
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: |  |  |  |  |  |  |  |  |  |  |  |
Share-Based Compensation |  |  | 779 |  |  |  | 795 |  |  |  | 760 |
Net (Gains) Losses on Sales of Investment Securities |  |  | 948 |  |  |  | (13,336 | ) |  |  | 850 |
Equity in Undistributed Income of Subsidiaries |  |  | (192,734 | ) |  |  | (11,331 | ) |  |  | (7,134 | )
Net Change in Other Assets and Other Liabilities |  |  | (977 | ) |  |  | (68 | ) |  |  | (135 | )
Net Cash Provided by Operating Activities |  |  | 61,388 |  |  |  | 129,864 |  |  |  | 220,254 |
Investing Activities |  |  |  |  |  |  |  |  |  |  |  |
Capital Contributions to the Bank |  |  | (165,000 | ) |  |  | — |  |  |  | — |
Proceeds from (Expenses related to) Sales of Investment Securities |  |  | (948 | ) |  |  | 18,336 |  |  |  | 4,259 |
Purchase of Investment Securities Held-to-Maturity |  |  | — |  |  |  | (2,501 | ) |  |  | (4,933 | )
Net Cash Provided by (Used in) Investing Activities |  |  | (165,948 | ) |  |  | 15,835 |  |  |  | (674 | )
Financing Activities |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from Issuance of Common Stock |  |  | 13,611 |  |  |  | 9,389 |  |  |  | 7,872 |
Proceeds from Issuance of Preferred Stock |  |  | 175,487 |  |  |  | — |  |  |  | — |
Repurchase of Common Stock |  |  | (31,258 | ) |  |  | (18,006 | ) |  |  | (137,649 | )
Cash Dividends Paid Common Stock |  |  | (110,633 | ) |  |  | (107,434 | ) |  |  | (105,478 | )
Cash Dividends Paid Preferred Stock |  |  | (2,975 | ) |  |  | — |  |  |  | — |
Net Cash Provided by (Used in) Financing Activities |  |  | 44,232 |  |  |  | (116,051 | ) |  |  | (235,255 | )
Net Change in Cash and Cash Equivalents |  |  | (60,328 | ) |  |  | 29,648 |  |  |  | (15,675 | )
Cash and Cash Equivalents at Beginning of Period |  |  | 66,704 |  |  |  | 37,056 |  |  |  | 52,731 |
Cash and Cash Equivalents at End of Period |  | $ | 6,376 |  |  | $ | 66,704 |  |  | $ | 37,056 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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