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Bank of Hawai‘i Corporation Financial Statements | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Bank of Hawai‘i Corporation Financial Statements | Note 24. Bank of Hawai‘i Corporation Financial Statements Condensed financial statements of the Parent were as follows: Condensed Statements of Comprehensive Income (Loss)
|  | Year Ended December 31, |
(dollars in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Income |  |  |  |  |  |  |  |  |
Dividends from Bank of Hawai‘i |  | $ | 137,000 |  |  | $ | 182,000 |  |  | $ | 62,000 |
Investment Securities Losses, Net |  |  | (1,394 | ) |  |  | (1,195 | ) |  |  | (948 | )
Other Income and Interest on Investment |  |  | 6 |  |  |  | 6 |  |  |  | 6 |
Total Income |  |  | 135,612 |  |  |  | 180,811 |  |  |  | 61,058 |
Noninterest Expense |  |  |  |  |  |  |  |  |
Intercompany Salaries and Services |  |  | 1,140 |  |  |  | 1,121 |  |  |  | 764 |
Other Expenses |  |  | 2,409 |  |  |  | 2,240 |  |  |  | 1,787 |
Total Noninterest Expense |  |  | 3,549 |  |  |  | 3,361 |  |  |  | 2,551 |
Income Before Income Tax Benefit and Equity in Undistributed Income of Subsidiaries |  |  | 132,063 |  |  |  | 177,450 |  |  |  | 58,507 |
Income Tax Benefit |  |  | 1,882 |  |  |  | 2,036 |  |  |  | 2,131 |
Equity in Undistributed Income of Subsidiaries |  |  | 37,257 |  |  |  | 46,318 |  |  |  | 192,734 |
Net Income |  | $ | 171,202 |  |  | $ | 225,804 |  |  | $ | 253,372 |
Comprehensive Income (Loss) |  | $ | 209,172 |  |  | $ | (142,472 | ) |  | $ | 179,168 |
Condensed Statements of Condition
(dollars in thousands) |  | December 31, 2023 |  |  | December 31, 2022 |
Assets |  |  |  |  |  |
Cash with Bank of Hawai‘i |  | $ | 25,310 |  |  | $ | 19,147 |
Investment Securities Held-to-Maturity |  |  | 2,500 |  |  |  | 2,500 |
Goodwill |  |  | 14,129 |  |  |  | 14,129 |
Other Assets |  |  | 14,619 |  |  |  | 11,596 |
Equity in Net Assets of Subsidiaries |  |  | 1,369,732 |  |  |  | 1,279,736 |
Total Assets |  | $ | 1,426,290 |  |  | $ | 1,327,108 |
Liabilities |  |  |  |  |  |
Income Taxes Payable |  | $ | — |  |  | $ | 349 |
Other Liabilities |  |  | 12,048 |  |  |  | 9,764 |
Total Liabilities |  |  | 12,048 |  |  |  | 10,113 |
Shareholders' Equity |  |  | 1,414,242 |  |  |  | 1,316,995 |
Total Liabilities and Shareholders' Equity |  | $ | 1,426,290 |  |  | $ | 1,327,108 |
Condensed Statements of Cash Flows
|  | Year Ended December 31, |
(dollars in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Operating Activities |  |  |  |  |  |  |  |  |
Net Income |  | $ | 171,202 |  |  | $ | 225,804 |  |  | $ | 253,372 |
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: |  |  |  |  |  |  |  |  |
Share-Based Compensation |  |  | 887 |  |  |  | 847 |  |  |  | 779 |
Net Losses on Sales of Investment Securities |  |  | 1,394 |  |  |  | 1,195 |  |  |  | 948 |
Equity in Undistributed Income of Subsidiaries |  |  | (37,257 | ) |  |  | (46,318 | ) |  |  | (192,734 | )
Net Change in Other Assets and Other Liabilities |  |  | (585 | ) |  |  | 1,138 |  |  |  | (977 | )
Net Cash Provided by Operating Activities |  |  | 135,641 |  |  |  | 182,666 |  |  |  | 61,388 |
Investing Activities |  |  |  |  |  |  |  |  |
Capital Contributions to the Bank of Hawai‘i |  |  | — |  |  |  | — |  |  |  | (165,000 | )
Expenses related to Sales of Investment Securities |  |  | (1,394 | ) |  |  | (1,195 | ) |  |  | (948 | )
Net Cash Used in Investing Activities |  |  | (1,394 | ) |  |  | (1,195 | ) |  |  | (165,948 | )
Financing Activities |  |  |  |  |  |  |  |  |
Proceeds from Issuance of Common Stock |  |  | 5,878 |  |  |  | 6,797 |  |  |  | 13,611 |
Proceeds from Issuance of Preferred Stock |  |  | — |  |  |  | — |  |  |  | 175,487 |
Repurchase of Common Stock |  |  | (14,290 | ) |  |  | (55,063 | ) |  |  | (31,258 | )
Cash Dividends Paid Common Stock |  |  | (111,795 | ) |  |  | (112,557 | ) |  |  | (110,633 | )
Cash Dividends Paid Preferred Stock |  |  | (7,877 | ) |  |  | (7,877 | ) |  |  | (2,975 | )
Net Cash (Used in) Provided by Financing Activities |  |  | (128,084 | ) |  |  | (168,700 | ) |  |  | 44,232 |
Net Change in Cash and Cash Equivalents |  |  | 6,163 |  |  |  | 12,771 |  |  |  | (60,328 | )
Cash and Cash Equivalents at Beginning of Period |  |  | 19,147 |  |  |  | 6,376 |  |  |  | 66,704 |
Cash and Cash Equivalents at End of Period |  | $ | 25,310 |  |  | $ | 19,147 |  |  | $ | 6,376 |

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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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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