XML 75 R39.htm IDEA: XBRL DOCUMENT ﻿
v2.3.0.11

Bank subsidiary (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2011
Bank subsidiary |
Schedule of consolidated statements of income data (unaudited) |
|  | Three months ended June 30 |  | Six months ended June 30 |
(in thousands) |  | 2011 |  | 2010 |  | 2011 |  | 2010 |
Interest and dividend income |  |  |  |  |  |  |  |  |
Interest and fees on loans |  | $ | 45,648 |  | $ | 49,328 |  | $ | 91,745 |  | $ | 99,073 |
Interest and dividends on investment and mortgage-related securities |  | 3,793 |  | 3,646 |  | 7,562 |  | 6,963 |
Total interest and dividend income |  | 49,441 |  | 52,974 |  | 99,307 |  | 106,036 |
Interest expense |  |  |  |  |  |  |  |  |
Interest on deposit liabilities |  | 2,387 |  | 3,852 |  | 4,980 |  | 8,275 |
Interest on other borrowings |  | 1,382 |  | 1,418 |  | 2,749 |  | 2,844 |
Total interest expense |  | 3,769 |  | 5,270 |  | 7,729 |  | 11,119 |
Net interest income |  | 45,672 |  | 47,704 |  | 91,578 |  | 94,917 |
Provision for loan losses |  | 2,555 |  | 990 |  | 7,105 |  | 6,349 |
Net interest income after provision for loan losses |  | 43,117 |  | 46,714 |  | 84,473 |  | 88,568 |
Noninterest income |  |  |  |  |  |  |  |  |
Fee income on deposit liabilities |  | 4,599 |  | 7,891 |  | 9,048 |  | 15,411 |
Fees from other financial services |  | 7,240 |  | 6,649 |  | 14,186 |  | 13,063 |
Fee income on other financial products |  | 1,861 |  | 1,735 |  | 3,534 |  | 3,260 |
Other income |  | 3,177 |  | 2,383 |  | 5,556 |  | 4,776 |
Total noninterest income |  | 16,877 |  | 18,658 |  | 32,324 |  | 36,510 |
Noninterest expense |  |  |  |  |  |  |  |  |
Compensation and employee benefits |  | 18,166 |  | 18,907 |  | 35,671 |  | 36,309 |
Occupancy |  | 4,288 |  | 4,216 |  | 8,528 |  | 8,441 |
Data processing |  | 2,058 |  | 4,564 |  | 4,028 |  | 8,902 |
Services |  | 1,949 |  | 1,845 |  | 3,720 |  | 3,573 |
Equipment |  | 1,772 |  | 1,640 |  | 3,429 |  | 3,349 |
Other expense |  | 7,955 |  | 8,453 |  | 15,888 |  | 17,021 |
Total noninterest expense |  | 36,188 |  | 39,625 |  | 71,264 |  | 77,595 |
Income before income taxes |  | 23,806 |  | 25,747 |  | 45,533 |  | 47,483 |
Income taxes |  | 8,611 |  | 9,616 |  | 16,487 |  | 17,616 |
Net income |  | $ | 15,195 |  | $ | 16,131 |  | $ | 29,046 |  | $ | 29,867
Schedule of consolidated balance sheets data (unaudited) |
(in thousands) |  | June 30, 2011 |  | December 31, 2010 |
Assets |  |  |  |  |
Cash and cash equivalents |  | $ | 178,251 |  | $ | 204,397 |
Federal funds sold |  | 1,249 |  | 1,721 |
Available-for-sale investment and mortgage-related securities |  | 711,347 |  | 678,152 |
Investment in stock of Federal Home Loan Bank of Seattle |  | 97,764 |  | 97,764 |
Loans receivable held for investment, net |  | 3,580,418 |  | 3,489,880 |
Loans held for sale, at lower of cost or fair value |  | 4,784 |  | 7,849 |
Other |  | 234,524 |  | 234,806 |
Goodwill |  | 82,190 |  | 82,190 |
Total assets |  | $ | 4,890,527 |  | $ | 4,796,759 |
Liabilities and shareholder’s equity |  |  |  |  |
Deposit liabilities—noninterest-bearing |  | $ | 912,034 |  | $ | 865,642 |
Deposit liabilities—interest-bearing |  | 3,142,915 |  | 3,109,730 |
Other borrowings |  | 239,122 |  | 237,319 |
Other |  | 99,260 |  | 90,683 |
Total liabilities |  | 4,393,331 |  | 4,303,374 |
Common stock |  | 331,348 |  | 330,562 |
Retained earnings |  | 170,157 |  | 169,111 |
Accumulated other comprehensive loss, net of tax benefits |  | (4,309 | ) | (6,288 | )
Total shareholder’s equity |  | 497,196 |  | 493,385 |
Total liabilities and shareholder’s equity |  | $ | 4,890,527 |  | $ | 4,796,759 |
Other assets |  |  |  |  |
Bank-owned life insurance |  | $ | 119,671 |  | $ | 117,565 |
Premises and equipment, net |  | 56,415 |  | 56,495 |
Prepaid expenses |  | 17,700 |  | 18,608 |
Accrued interest receivable |  | 15,178 |  | 14,887 |
Mortgage-servicing rights |  | 6,854 |  | 6,699 |
Real estate acquired in settlement of loans, net |  | 4,722 |  | 4,292 |
Other |  | 13,984 |  | 16,260 |
|  | $ | 234,524 |  | $ | 234,806 |
Other liabilities |  |  |  |  |
Accrued expenses |  | $ | 13,036 |  | $ | 16,426 |
Federal and state income taxes payable |  | 34,167 |  | 28,372 |
Cashier’s checks |  | 26,486 |  | 22,396 |
Advance payments by borrowers |  | 10,061 |  | 10,216 |
Other |  | 15,510 |  | 13,273 |
|  | $ | 99,260 |  | $ | 90,683
Schedule of the book value and aggregate fair value by major security type |
|  | June 30, 2011 |  | December 31, 2010 |
|  |  |  | Gross |  | Gross |  | Estimated |  |  |  | Gross |  | Gross |  | Estimated |
|  | Amortized |  | unrealized |  | unrealized |  | fair |  | Amortized |  | unrealized |  | unrealized |  | fair |
(in thousands) |  | cost |  | gains |  | losses |  | value |  | cost |  | gains |  | losses |  | value |
Federal agency obligations |  | $ | 292,346 |  | $ | 1,049 |  | $ | (439 | ) | $ | 292,956 |  | $ | 317,945 |  | $ | 171 |  | $ | (2,220 | ) | $ | 315,896 |
Mortgage-related securities — FNMA, FHLMC and GNMA |  | 365,908 |  | 10,680 |  | (209 | ) | 376,379 |  | 310,711 |  | 9,570 |  | (311 | ) | 319,970 |
Municipal bonds |  | 41,459 |  | 568 |  | (15 | ) | 42,012 |  | 43,632 |  | 7 |  | (1,353 | ) | 42,286 |
|  | $ | 699,713 |  | $ | 12,297 |  | $ | (663 | ) | $ | 711,347 |  | $ | 672,288 |  | $ | 9,748 |  | $ | (3,884 | ) | $ | 678,152
Schedule of contractual maturities of available-for-sale securities |
June 30, 2011 (in thousands) |  | Amortized Cost |  | Fair value |
Due in one year or less |  | $ | 10,800 |  | $ | 10,830 |
Due after one year through five years |  | 272,346 |  | 273,366 |
Due after five years through ten years |  | 41,577 |  | 41,673 |
Due after ten years |  | 9,082 |  | 9,099 |
|  | 333,805 |  | 334,968 |
Mortgage-related securities-FNMA,FHLMC and GNMA |  | 365,908 |  | 376,379 |
Total available-for-sale securities |  | $ | 699,713 |  | $ | 711,347
Schedule of gross unrealized losses and fair value |
|  | Less than 12 months |  | 12 months or more |  | Total |
|  | Gross unrealized |  | Fair |  | Gross unrealized |  | Fair |  | Gross unrealized |  | Fair |
(in thousands) |  | losses |  | value |  | losses |  | value |  | losses |  | value |
June 30, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | (439 | ) | $ | 39,555 |  | $ | — |  | $ | — |  | $ | (439 | ) | $ | 39,555 |
Mortgage-related securities — FNMA, FHLMC and GNMA |  | (100 | ) | 19,793 |  | (109 | ) | 20,164 |  | (209 | ) | 39,957 |
Municipal bonds |  | (15 | ) | 4,540 |  | — |  | — |  | (15 | ) | 4,540 |
|  | $ | (554 | ) | $ | 63,888 |  | $ | (109 | ) | $ | 20,164 |  | $ | (663 | ) | $ | 84,052 |
December 31, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | (2,220 | ) | $ | 205,316 |  | $ | — |  | $ | — |  | $ | (2,220 | ) | $ | 205,316 |
Mortgage-related securities — FNMA, FHLMC and GNMA |  | (311 | ) | 30,986 |  | — |  | — |  | (311 | ) | 30,986 |
Municipal bonds |  | (1,353 | ) | 41,479 |  | — |  | — |  | (1,353 | ) | 41,479 |
|  | $ | (3,884 | ) | $ | 277,781 |  | $ | — |  | $ | — |  | $ | (3,884 | ) | $ | 277,781
Schedule of allowance for loan losses |
|  |  |  | Commercial |  | Home |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Residential |  | real |  | equity line |  | Residential |  | Commercial |  | Residential |  | Commercial |  | Consumer |  |  |  |  |
(in thousands) |  | 1-4 family |  | estate |  | of credit |  | land |  | construction |  | construction |  | loans |  | loans |  | Unallocated |  | Total |
June 30, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 6,497 |  | $ | 1,474 |  | $ | 4,269 |  | $ | 6,411 |  | $ | 1,714 |  | $ | 7 |  | $ | 16,015 |  | $ | 3,325 |  | $ | 934 |  | $ | 40,646 |
Charge-offs |  | (2,695 | ) | — |  | (362 | ) | (2,790 | ) | — |  | — |  | (1,773 | ) | (1,518 | ) | — |  | (9,138 | )
Recoveries |  | 33 |  | — |  | 4 |  | 19 |  | — |  | — |  | 300 |  | 314 |  | — |  | 670 |
Provision |  | 3,694 |  | 168 |  | (695 | ) | 1,385 |  | 15 |  | (2 | ) | 327 |  | 1,350 |  | 863 |  | 7,105 |
Ending balance |  | $ | 7,529 |  | $ | 1,642 |  | $ | 3,216 |  | $ | 5,025 |  | $ | 1,729 |  | $ | 5 |  | $ | 14,869 |  | $ | 3,471 |  | $ | 1,797 |  | $ | 39,283 |
Ending balance: individually evaluated for impairment |  | $ | 230 |  | $ | — |  | $ | — |  | $ | 3,067 |  | $ | — |  | $ | — |  | $ | 1,923 |  | $ | — |  | $ | — |  | $ | 5,220 |
Ending balance: collectively evaluated for impairment |  | $ | 7,299 |  | $ | 1,642 |  | $ | 3,216 |  | $ | 1,958 |  | $ | 1,729 |  | $ | 5 |  | $ | 12,946 |  | $ | 3,471 |  | $ | 1,797 |  | $ | 34,063 |
Financing Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 2,028,502 |  | $ | 321,967 |  | $ | 466,783 |  | $ | 51,901 |  | $ | 38,419 |  | $ | 3,738 |  | $ | 640,221 |  | $ | 83,059 |  | $ | — |  | $ | 3,634,590 |
Ending balance: individually evaluated for impairment |  | $ | 30,816 |  | $ | 13,543 |  | $ | 1,263 |  | $ | 41,268 |  | $ | — |  | $ | — |  | $ | 54,620 |  | $ | 25 |  | $ | — |  | $ | 141,535 |
Ending balance: collectively evaluated for impairment |  | $ | 1,997,686 |  | $ | 308,424 |  | $ | 465,520 |  | $ | 10,633 |  | $ | 38,419 |  | $ | 3,738 |  | $ | 585,601 |  | $ | 83,034 |  | $ | — |  | $ | 3,493,055 |
December 31, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 5,522 |  | $ | 861 |  | $ | 4,679 |  | $ | 4,252 |  | $ | 3,068 |  | $ | 19 |  | $ | 19,498 |  | $ | 2,590 |  | $ | 1,190 |  | $ | 41,679 |
Charge-offs |  | (6,142 | ) | — |  | (2,517 | ) | (6,487 | ) | — |  | — |  | (6,261 | ) | (3,408 | ) | — |  | (24,815 | )
Recoveries |  | 744 |  | — |  | 63 |  | 63 |  | — |  | — |  | 1,537 |  | 481 |  | — |  | 2,888 |
Provision |  | 6,373 |  | 613 |  | 2,044 |  | 8,583 |  | (1,354 | ) | (12 | ) | 1,241 |  |  | 3,662 |  | (256 | ) | 20,894 |
Ending balance |  | $ | 6,497 |  | $ | 1,474 |  | $ | 4,269 |  | $ | 6,411 |  | $ | 1,714 |  | $ | 7 |  | $ | 16,015 |  | $ | 3,325 |  | $ | 934 |  | $ | 40,646 |
Ending balance: individually evaluated for impairment |  | $ | 230 |  | $ | — |  | $ | — |  | $ | 1,642 |  | $ | — |  | $ | — |  | $ | 1,588 |  | $ | — |  | $ | — |  | $ | 3,460 |
Ending balance: collectively evaluated for impairment |  | $ | 6,267 |  | $ | 1,474 |  | $ | 4,269 |  | $ | 4,769 |  | $ | 1,714 |  | $ | 7 |  | $ | 14,427 |  | $ | 3,325 |  | $ | 934 |  | $ | 37,186 |
Financing Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 2,087,813 |  | $ | 300,689 |  | $ | 416,453 |  | $ | 65,599 |  | $ | 38,079 |  | $ | 5,602 |  | $ | 551,683 |  | $ | 80,138 |  | $ | — |  | $ | 3,546,056 |
Ending balance: individually evaluated for impairment |  | $ | 34,615 |  | $ | 12,156 |  | $ | 827 |  | $ | 39,631 |  | $ | — |  | $ | — |  | $ | 28,886 |  | $ | 76 |  | $ | — |  | $ | 116,191 |
Ending balance: collectively evaluated for impairment |  | $ | 2,053,198 |  | $ | 288,533 |  | $ | 415,626 |  | $ | 25,968 |  | $ | 38,079 |  | $ | 5,602 |  | $ | 522,797 |  | $ | 80,062 |  | $ | — |  | $ | 3,429,865
Schedule of credit risk profile by internally assigned grade for loans |
|  | June 30, 2011 |  | December 31, 2010 |
(in thousands) |  | Commercial real estate |  | Commercial construction |  | Commercial |  | Commercial real estate |  | Commercial construction |  | Commercial |
Grade: |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 305,260 |  | $ | 38,419 |  | $ | 557,463 |  | $ | 285,624 |  | $ | 38,079 |  | $ | 462,078 |
Special mention |  | 1,056 |  | — |  | 23,820 |  | 526 |  | — |  | 44,759 |
Substandard |  | 15,651 |  | — |  | 56,795 |  | 14,539 |  | — |  | 44,259 |
Doubtful |  | — |  | — |  | 1,978 |  | — |  | — |  | 556 |
Loss |  | — |  | — |  | 165 |  | — |  | — |  | 31 |
Total |  | $ | 321,967 |  | $ | 38,419 |  | $ | 640,221 |  | $ | 300,689 |  | $ | 38,079 |  | $ | 551,683
Schedule of credit risk profile based on payment activity for loans |
(in thousands) |  | 30-59 days past due |  | 60-89 days past due |  | Greater than 90 days |  | Total past due |  | Current |  | Total financing receivables |  | Recorded Investment> 90 days and accruing |
June 30, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | $ | 4,775 |  | $ | 2,837 |  | $ | 34,942 |  | $ | 42,554 |  | $ | 1,985,948 |  | $ | 2,028,502 |  | $ | — |
Commercial real estate |  | — |  | — |  | — |  | — |  | 321,967 |  | 321,967 |  | — |
Home equity line of credit |  | 993 |  | 729 |  | 1,492 |  | 3,214 |  | 463,569 |  | 466,783 |  | — |
Residential land |  | 968 |  | 834 |  | 14,027 |  | 15,829 |  | 36,072 |  | 51,901 |  | — |
Commercial construction |  | — |  | — |  | — |  | — |  | 38,419 |  | 38,419 |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | 3,738 |  | 3,738 |  | — |
Commercial loans |  | 1,400 |  | 1,667 |  | 2,837 |  | 5,904 |  | 634,317 |  | 640,221 |  | 60 |
Consumer loans |  | 483 |  | 280 |  | 615 |  | 1,378 |  | 81,681 |  | 83,059 |  | 442 |
Total loans |  | $ | 8,619 |  | $ | 6,347 |  | $ | 53,913 |  | $ | 68,879 |  | $ | 3,565,711 |  | $ | 3,634,590 |  | $ | 502 |
December 31, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | $ | 8,245 |  | $ | 3,719 |  | $ | 36,419 |  | $ | 48,383 |  | $ | 2,039,430 |  | $ | 2,087,813 |  | $ | — |
Commercial real estate |  | — |  | 4 |  | — |  | 4 |  | 300,685 |  | 300,689 |  | — |
Home equity line of credit |  | 1,103 |  | 227 |  | 1,659 |  | 2,989 |  | 413,464 |  | 416,453 |  | — |
Residential land |  | 1,543 |  | 1,218 |  | 16,060 |  | 18,821 |  | 46,778 |  | 65,599 |  | 581 |
Commercial construction |  | — |  | — |  | — |  | — |  | 38,079 |  | 38,079 |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | 5,602 |  | 5,602 |  | — |
Commercial loans |  | 892 |  | 1,317 |  | 3,191 |  | 5,400 |  | 546,283 |  | 551,683 |  | 64 |
Consumer loans |  | 629 |  | 410 |  | 617 |  | 1,656 |  | 78,482 |  | 80,138 |  | 320 |
Total loans |  | $ | 12,412 |  | $ | 6,895 |  | $ | 57,946 |  | $ | 77,253 |  | $ | 3,468,803 |  | $ | 3,546,056 |  | $ | 965
Schedule of credit risk profile based on nonaccrual loans, accruing loans 90 days or more past due and troubled debt restructured loans |
|  | June 30, 2011 |  | December 31, 2010 |
(in thousands) |  | Nonaccrual loans |  | Accruing loans 90 days or more past due |  | Trouble debt restructured loans |  | Nonaccrual loans |  | Accruing loans 90 days or more past due |  | Trouble debt restructured loans |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | $ | 34,942 |  | $ | — |  | $ | 4,938 |  | $ | 36,420 |  | $ | — |  | $ | 5,150 |
Commercial real estate |  | — |  | — |  | — |  | — |  | — |  | 1,963 |
Home equity line of credit |  | 1,492 |  | — |  | — |  | 1,659 |  | — |  | — |
Residential land |  | 16,022 |  | — |  | 25,857 |  | 15,479 |  | 581 |  | 27,689 |
Commercial construction |  | — |  | — |  | — |  | — |  | — |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial loans |  | 5,442 |  | 60 |  | 26,203 |  | 4,956 |  | 64 |  | 4,035 |
Consumer loans |  | 210 |  | 442 |  | — |  | 341 |  | 320 |  | — |
Total |  | $ | 58,108 |  | $ | 502 |  | $ | 56,998 |  | $ | 58,855 |  | $ | 965 |  | $ | 38,837
Schedule of the carrying amount and the total unpaid principal balance of impaired loans |
|  | June 30, 2011 |  | Three months ended June 30, 2011 |  | Six months ended June 30, 2011 |
(in thousands) |  | Recorded investment |  | Unpaid principal balance |  | Related Allowance |  | Average recorded investment |  | Interest income recognized |  | Average recorded investment |  | Interest income recognized |
With no related allowance recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | $ | 20,771 |  | $ | 28,523 |  | $ | — |  | $ | 20,000 |  | $ | 68 |  | $ | 19,848 |  | $ | 128 |
Commercial real estate |  | 13,543 |  | 13,543 |  | — |  | 12,396 |  | 183 |  | 11,276 |  | 331 |
Home equity line of credit |  | 543 |  | 1,422 |  | — |  | 654 |  | 1 |  | 615 |  | 1 |
Residential land |  | 32,310 |  | 40,526 |  | — |  | 32,092 |  | 420 |  | 33,177 |  | 939 |
Commercial construction |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial loans |  | 43,665 |  | 43,665 |  | — |  | 39,419 |  | 702 |  | 37,284 |  | 1,361 |
Consumer loans |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
|  | 110,832 |  | 127,679 |  | — |  | 104,561 |  | 1,374 |  | 102,200 |  | 2,760 |
With an allowance recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | 3,884 |  | 3,884 |  | 230 |  | 3,890 |  | 49 |  | 3,898 |  | 109 |
Commercial real estate |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Home equity line of credit |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Residential land |  | 8,748 |  | 8,808 |  | 3,067 |  | 8,482 |  | 146 |  | 7,363 |  | 316 |
Commercial construction |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial loans |  | 10,955 |  | 10,955 |  | 1,923 |  | 8,418 |  | 130 |  | 7,179 |  | 230 |
Consumer loans |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
|  | 23,587 |  | 23,647 |  | 5,220 |  | 20,790 |  | 325 |  | 18,440 |  | 655 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | 24,655 |  | 32,407 |  | 230 |  | 23,890 |  | 117 |  | 23,746 |  | 237 |
Commercial real estate |  | 13,543 |  | 13,543 |  | — |  | 12,396 |  | 183 |  | 11,276 |  | 331 |
Home equity line of credit |  | 543 |  | 1,422 |  | — |  | 654 |  | 1 |  | 615 |  | 1 |
Residential land |  | 41,058 |  | 49,334 |  | 3,067 |  | 40,574 |  | 566 |  | 40,540 |  | 1,255 |
Commercial construction |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial loans |  | 54,620 |  | 54,620 |  | 1,923 |  | 47,837 |  | 832 |  | 44,463 |  | 1,591 |
Consumer loans |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
|  | $ | 134,419 |  | $ | 151,326 |  | $ | 5,220 |  | $ | 125,351 |  | $ | 1,699 |  | $ | 120,640 |  | $ | 3,415 |
|  | December 31, 2010 |  | 2010 |
(in thousands) |  | Recorded investment |  | Unpaid principal balance |  | Related allowance |  | Average recorded investment |  | Interest income recognized |
With no related allowance recorded |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | $ | 18,205 |  | $ | 24,692 |  | $ | — |  | $ | 14,609 |  | $ | 278 |
Commercial real estate |  | 12,156 |  | 12,156 |  | — |  | 14,276 |  | 979 |
Home equity line of credit |  | — |  | — |  | — |  | — |  | — |
Residential land |  | 33,777 |  | 40,802 |  | — |  | 29,914 |  | 1,499 |
Commercial construction |  | — |  | — |  | — |  | — |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | — |
Commercial loans |  | 22,041 |  | 22,041 |  | — |  | 29,636 |  | 1,846 |
Consumer loans |  | — |  | — |  | — |  | — |  | — |
|  | 86,179 |  | 99,691 |  | — |  | 88,435 |  | 4,602 |
With an allowance recorded |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | 3,917 |  | 3,917 |  | 230 |  | 2,807 |  | 175 |
Commercial real estate |  | — |  | — |  | — |  | — |  | — |
Home equity line of credit |  | — |  | — |  | — |  | — |  | — |
Residential land |  | 5,041 |  | 5,090 |  | 1,642 |  | 3,753 |  | 327 |
Commercial construction |  | — |  | — |  | — |  | — |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | — |
Commercial loans |  | 6,845 |  | 6,845 |  | 1,588 |  | 2,796 |  | 182 |
Consumer loans |  | — |  | — |  | — |  | — |  | — |
|  | 15,803 |  | 15,852 |  | 3,460 |  | 9,356 |  | 684 |
Total |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | 22,122 |  | 28,609 |  | 230 |  | 17,416 |  | 453 |
Commercial real estate |  | 12,156 |  | 12,156 |  | — |  | 14,276 |  | 979 |
Home equity line of credit |  | — |  | — |  | — |  | — |  | — |
Residential land |  | 38,818 |  | 45,892 |  | 1,642 |  | 33,667 |  | 1,826 |
Commercial construction |  | — |  | — |  | — |  | — |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | — |
Commercial loans |  | 28,886 |  | 28,886 |  | 1,588 |  | 32,432 |  | 2,028 |
Consumer loans |  | — |  | — |  | — |  | — |  | — |
|  | $ | 101,982 |  | $ | 115,543 |  | $ | 3,460 |  | $ | 97,791 |  | $ | 5,286

X
- Details
Name: | he_BankSubsidiaryDisclosureAbstract
Namespace Prefix: | he
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the selected consolidated balance sheet. + Details
Name: | he_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | he
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the selected consolidated income statement. + Details
Name: | he_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix: | he
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of available-for-sale securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name FASB Staff Position (FSP) -Number FAS115-1/124-1 -Paragraph 17 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 115 -Paragraph 19, 20, 21 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Emerging Issues Task Force (EITF) -Number 03-1 -Paragraph 21 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27357-111563 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27198-111563 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27337-111563 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27161-111563 + Details
Name: | us-gaap_AvailableForSaleSecuritiesTextBlock
Namespace Prefix: | us-gaap
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6965416&loc=SL6953659-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=6951925&loc=SL6953803-111525 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5212-111524 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. + Details
Name: | us-gaap_InvestmentsClassifiedByContractualMaturityDateTableTextBlock
Namespace Prefix: | us-gaap
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=6965416&loc=SL6953401-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the activity in the total allowance for credit losses related to financing receivables (such as loans or lease receivables) for entities that have an unclassified balance sheet, including the balance in the allowance at the beginning and end of each period, additions charged to operations, direct write-downs charged against the allowance, and recoveries of amounts previously charged off. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 310 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph (c) -Name Accounting Standards Codification -Paragraph 11B -Section 50 -URI http://asc.fasb.org/extlink&oid=6965416&loc=SL6953423-111524 + Details
Name: | us-gaap_ScheduleOfCreditLossesRelatedToFinancingReceivablesCurrentAndNoncurrentTableTextBlock
Namespace Prefix: | us-gaap
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of nonaccrual and past due financing receivables (such as loans and trade receivables), including: (a) the recorded investment in loans and trade receivables, if applicable, on nonaccrual status as of each balance sheet date (b) the recorded investment in loans and trade receivables, if applicable, past due 90 days or more and still accruing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 310 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 7 -Section 50 -URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5111-111524 + Details
Name: | us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix: | us-gaap
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 320 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph -Name Accounting Standards Codification -Paragraph 6 -Section 50 -URI http://asc.fasb.org/extlink&oid=6872113&loc=d3e27290-111563 + Details
Name: | us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration