XML 68 R58.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Bank of Hawai‘i Corporation Financial Statements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Statements of Income (Loss) | 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 |
Schedule of Condensed Statements of Condition | 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 |
Schedule of Condensed Statements of Cash Flows | 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 |

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
Name: | srt_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed cash flow statement, including, but not limited to, cash flow statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
Name: | srt_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of condensed income statement, including, but not limited to, income statements of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 04 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -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 + Details
Name: | srt_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | srt_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration