XML 62 R40.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Bank subsidiary (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2012
Bank subsidiary |
Schedule of statements of income data |
|  | Three months ended September 30 |  | Nine months ended September 30 |
(in thousands) |  | 2012 |  | 2011 |  | 2012 |  | 2011 |
Interest income |  |  |  |  |  |  |  |  |
Interest and fees on loans |  | $ | 43,880 |  | $ | 46,240 |  | $ | 133,241 |  | $ | 137,985 |
Interest on investment and mortgage-related securities |  | 3,432 |  | 3,654 |  | 10,534 |  | 11,216 |
Total interest income |  | 47,312 |  | 49,894 |  | 143,775 |  | 149,201 |
Interest expense |  |  |  |  |  |  |  |  |
Interest on deposit liabilities |  | 1,540 |  | 2,166 |  | 5,015 |  | 7,146 |
Interest on other borrowings |  | 1,201 |  | 1,375 |  | 3,676 |  | 4,124 |
Total interest expense |  | 2,741 |  | 3,541 |  | 8,691 |  | 11,270 |
Net interest income |  | 44,571 |  | 46,353 |  | 135,084 |  | 137,931 |
Provision for loan losses |  | 3,580 |  | 3,822 |  | 9,504 |  | 10,927 |
Net interest income after provision for loan losses |  | 40,991 |  | 42,531 |  | 125,580 |  | 127,004 |
Noninterest income |  |  |  |  |  |  |  |  |
Fees from other financial services |  | 7,674 |  | 7,219 |  | 22,474 |  | 21,405 |
Fee income on deposit liabilities |  | 4,527 |  | 4,492 |  | 13,127 |  | 13,540 |
Fee income on other financial products |  | 1,660 |  | 1,806 |  | 4,741 |  | 5,340 |
Gain on sale of loans |  | 4,077 |  | 1,092 |  | 8,297 |  | 2,268 |
Other income |  | 1,346 |  | 1,597 |  | 4,155 |  | 5,977 |
Total noninterest income |  | 19,284 |  | 16,206 |  | 52,794 |  | 48,530 |
Noninterest expense |  |  |  |  |  |  |  |  |
Compensation and employee benefits |  | 18,684 |  | 17,646 |  | 56,026 |  | 53,317 |
Occupancy |  | 4,400 |  | 4,313 |  | 12,866 |  | 12,841 |
Data processing |  | 2,644 |  | 2,451 |  | 7,244 |  | 6,479 |
Services |  | 3,062 |  | 1,686 |  | 7,066 |  | 5,406 |
Equipment |  | 1,762 |  | 1,712 |  | 5,299 |  | 5,141 |
Other expense |  | 8,096 |  | 7,763 |  | 22,909 |  | 23,651 |
Total noninterest expense |  | 38,648 |  | 35,571 |  | 111,410 |  | 106,835 |
Income before income taxes |  | 21,627 |  | 23,166 |  | 66,964 |  | 68,699 |
Income taxes |  | 7,419 |  | 7,709 |  | 22,690 |  | 24,196 |
Net income |  | $ | 14,208 |  | $ | 15,457 |  | $ | 44,274 |  | $ | 44,503 |
Schedule of statements of comprehensive income data |
|  | Three months ended September 30 |  | Nine months ended September 30 |
(in thousands) |  | 2012 |  | 2011 |  | 2012 |  | 2011 |
Net income |  | $ | 14,208 |  | $ | 15,457 |  | $ | 44,274 |  | $ | 44,503 |
Other comprehensive income (loss), net of taxes: |  |  |  |  |  |  |  |  |
Net unrealized gains on securities: |  |  |  |  |  |  |  |  |
Net unrealized gains on securities arising during the period, net of taxes of $689 and $1,917 for the three months ended September 30, 2012 and 2011 and $1,261 and $4,258 for the nine months ended September 30, 2012 and 2011, respectively |  | 1,043 |  | 3,013 |  | 1,910 |  | 6,448 |
Less: reclassification adjustment for net realized gains, included in net income, net of taxes of nil and $146 for the three months ended September 30, 2012 and 2011 and $53 and $148 for the nine months ended September 30, 2012 and 2011, respectively |  | — |  | (221 | ) | (81 | ) | (224 | )
Retirement benefit plans: |  |  |  |  |  |  |  |  |
Less: amortization of net loss, prior service gain and transition obligation included in net periodic benefit cost, net of taxes (tax benefits) of $(176) and $(175) for the three months ended September 30, 2012 and 2011 and $(508) and $902 for the nine months ended September 30, 2012 and 2011, respectively |  | 266 |  | 86 |  | 769 |  | (1,367 | )
Other comprehensive income, net of taxes |  | 1,309 |  | 2,878 |  | 2,598 |  | 4,857 |
Comprehensive income |  | $ | 15,517 |  | $ | 18,335 |  | $ | 46,872 |  | $ | 49,360 |
Schedule of balance sheets data |
(in thousands) |  | September 30, 2012 |  | December 31, 2011 |
Assets |  |  |  |  |
Cash and cash equivalents |  | $ | 152,474 |  | $ | 219,678 |
Available-for-sale investment and mortgage-related securities |  | 664,051 |  | 624,331 |
Investment in stock of Federal Home Loan Bank of Seattle |  | 96,893 |  | 97,764 |
Loans receivable held for investment |  | 3,745,558 |  | 3,680,724 |
Allowance for loan losses |  | (39,810 | ) | (37,906 | )
Loans receivable held for investment, net |  | 3,705,748 |  | 3,642,818 |
Loans held for sale, at lower of cost or fair value |  | 16,495 |  | 9,601 |
Other |  | 234,999 |  | 233,592 |
Goodwill |  | 82,190 |  | 82,190 |
Total assets |  | $ | 4,952,850 |  | $ | 4,909,974 |
Liabilities and shareholder’s equity |  |  |  |  |
Deposit liabilities—noninterest-bearing |  | $ | 1,097,809 |  | $ | 993,828 |
Deposit liabilities—interest-bearing |  | 3,028,979 |  | 3,076,204 |
Other borrowings |  | 211,219 |  | 233,229 |
Other |  | 107,960 |  | 118,078 |
Total liabilities |  | 4,445,967 |  | 4,421,339 |
Commitments and contingencies (see “Litigation” below) |  |  |  |  |
Common stock |  | 333,256 |  | 331,880 |
Retained earnings |  | 180,400 |  | 166,126 |
Accumulated other comprehensive loss, net of tax benefits |  | (6,773 | ) | (9,371 | )
Total shareholder’s equity |  | 506,883 |  | 488,635 |
Total liabilities and shareholder’s equity |  | $ | 4,952,850 |  | $ | 4,909,974 |
Other assets |  |  |  |  |
Bank-owned life insurance |  | $ | 124,672 |  | $ | 121,470 |
Premises and equipment, net |  | 53,451 |  | 52,940 |
Prepaid expenses |  | 14,732 |  | 15,297 |
Accrued interest receivable |  | 14,205 |  | 14,190 |
Mortgage-servicing rights |  | 9,658 |  | 8,227 |
Real estate acquired in settlement of loans, net |  | 4,414 |  | 7,260 |
Other |  | 13,867 |  | 14,208 |
|  | $ | 234,999 |  | $ | 233,592 |
Other liabilities |  |  |  |  |
Accrued expenses |  | $ | 19,981 |  | $ | 21,216 |
Federal and state income taxes payable |  | 36,308 |  | 35,002 |
Cashier’s checks |  | 20,575 |  | 22,802 |
Advance payments by borrowers |  | 5,958 |  | 10,100 |
Other |  | 25,138 |  | 28,958 |
|  | $ | 107,960 |  | $ | 118,078 |
Schedule of the book value and aggregate fair value by major security type |
|  |  |  | Gross |  | Gross |  | Estimated |  | Gross unrealized losses |
|  | Amortized |  | unrealized |  | unrealized |  | fair |  | Less than 12 months |  | 12 months or longer |
(dollars in thousands) |  | cost |  | gains |  | losses |  | value |  | Fair value |  | Amount |  | Fair value |  | Amount |
September 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 213,241 |  | $ | 3,342 |  | $ | — |  | $ | 216,583 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Mortgage-related securities- FNMA, FHLMC and GNMA |  | 353,095 |  | 11,706 |  | (181 | ) | 364,620 |  | 36,225 |  | (181 | ) | — |  | — |
Municipal bonds |  | 78,265 |  | 4,583 |  | — |  | 82,848 |  | — |  | — |  | — |  | — |
|  | $ | 644,601 |  | $ | 19,631 |  | $ | (181 | ) | $ | 664,051 |  | $ | 36,225 |  | $ | (181 | ) | $ | — |  | $ | — |
December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal agency obligations |  | $ | 218,342 |  | $ | 2,393 |  | $ | (8 | ) | $ | 220,727 |  | $ | 19,992 |  | $ | (8 | ) | $ | — |  | $ | — |
Mortgage-related securities- FNMA, FHLMC and GNMA |  | 334,183 |  | 10,699 |  | (17 | ) | 344,865 |  | 11,994 |  | (17 | ) | — |  | — |
Municipal bonds |  | 55,393 |  | 3,346 |  | — |  | 58,739 |  | — |  | — |  | — |  | — |
|  | $ | 607,918 |  | $ | 16,438 |  | $ | (25 | ) | $ | 624,331 |  | $ | 31,986 |  | $ | (25 | ) | $ | — |  | $ | — |
Schedule of contractual maturities of available-for-sale securities |
September 30, 2012 |  | Amortized cost |  | Fair value |
(in thousands) |  |  |  |  |
Due in one year or less |  | $ | — |  | $ | — |
Due after one year through five years |  | 190,140 |  | 192,438 |
Due after five years through ten years |  | 85,682 |  | 90,597 |
Due after ten years |  | 15,684 |  | 16,396 |
|  | 291,506 |  | 299,431 |
Mortgage-related securities-FNMA,FHLMC and GNMA |  | 353,095 |  | 364,620 |
Total available-for-sale securities |  | $ | 644,601 |  | $ | 664,051 |
Schedule of allowance for loan losses |
|  | Residential |  | Commercial real |  | Home equity line |  | Residential |  | Commercial |  | Residential |  | Commercial |  | Consumer |  |  |  |  |
(in thousands) |  | 1-4 family |  | estate |  | of credit |  | land |  | construction |  | construction |  | loans |  | loans |  | Unallocated |  | Total |
Nine months ended September 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Beginning balance |  | $ | 6,500 |  | $ | 1,688 |  | $ | 4,354 |  | $ | 3,795 |  | $ | 1,888 |  | $ | 4 |  | $ | 14,867 |  | $ | 3,806 |  | $ | 1,004 |  | $ | 37,906 |
Charge-offs |  | (2,476 | ) | — |  | (402 | ) | (2,340 | ) | — |  | — |  | (2,964 | ) | (1,853 | ) | — |  | (10,035 | )
Recoveries |  | 974 |  | — |  | 95 |  | 471 |  | — |  | — |  | 511 |  | 384 |  | — |  | 2,435 |
Provision |  | 1,729 |  | 394 |  | 818 |  | 1,871 |  | 43 |  | 4 |  | 1,916 |  | 1,472 |  | 1,257 |  | 9,504 |
Ending balance |  | $ | 6,727 |  | $ | 2,082 |  | $ | 4,865 |  | $ | 3,797 |  | $ | 1,931 |  | $ | 8 |  | $ | 14,330 |  | $ | 3,809 |  | $ | 2,261 |  | $ | 39,810 |
Ending balance: individually evaluated for impairment |  | $ | 324 |  | $ | 7 |  | $ | 313 |  | $ | 2,321 |  | $ | — |  | $ | — |  | $ | 1,656 |  | $ | — |  | $ | — |  | $ | 4,621 |
Ending balance: collectively evaluated for impairment |  | $ | 6,403 |  | $ | 2,075 |  | $ | 4,552 |  | $ | 1,476 |  | $ | 1,931 |  | $ | 8 |  | $ | 12,674 |  | $ | 3,809 |  | $ | 2,261 |  | $ | 35,189 |
Financing Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 1,899,580 |  | $ | 367,765 |  | $ | 604,279 |  | $ | 29,280 |  | $ | 42,913 |  | $ | 5,648 |  | $ | 704,100 |  | $ | 104,338 |  | $ | — |  | $ | 3,757,903 |
Ending balance: individually evaluated for impairment |  | $ | 26,912 |  | $ | 2,929 |  | $ | 1,913 |  | $ | 25,146 |  | $ | — |  | $ | — |  | $ | 17,956 |  | $ | 22 |  | $ | — |  | $ | 74,878 |
Ending balance: collectively evaluated for impairment |  | $ | 1,872,668 |  | $ | 364,836 |  | $ | 602,366 |  | $ | 4,134 |  | $ | 42,913 |  | $ | 5,648 |  | $ | 686,144 |  | $ | 104,316 |  | $ | — |  | $ | 3,683,025 |
Year ended December 31, 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 |  | (5,528 | ) | — |  | (1,439 | ) | (4,071 | ) | — |  | — |  | (5,335 | ) | (3,117 | ) | — |  | (19,490 | )
Recoveries |  | 110 |  | — |  | 25 |  | 170 |  | — |  | — |  | 869 |  | 567 |  | — |  | 1,741 |
Provision |  | 5,421 |  | 214 |  | 1,499 |  | 1,285 |  | 174 |  | (3 | ) | 3,318 |  | 3,031 |  | 70 |  | 15,009 |
Ending balance |  | $ | 6,500 |  | $ | 1,688 |  | $ | 4,354 |  | $ | 3,795 |  | $ | 1,888 |  | $ | 4 |  | $ | 14,867 |  | $ | 3,806 |  | $ | 1,004 |  | $ | 37,906 |
Ending balance: individually evaluated for impairment |  | $ | 203 |  | $ | — |  | $ | — |  | $ | 2,525 |  | $ | — |  | $ | — |  | $ | 976 |  | $ | — |  | $ | — |  | $ | 3,704 |
Ending balance: collectively evaluated for impairment |  | $ | 6,297 |  | $ | 1,688 |  | $ | 4,354 |  | $ | 1,270 |  | $ | 1,888 |  | $ | 4 |  | $ | 13,891 |  | $ | 3,806 |  | $ | 1,004 |  | $ | 34,202 |
Financing Receivables: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending balance |  | $ | 1,926,774 |  | $ | 331,931 |  | $ | 535,481 |  | $ | 45,392 |  | $ | 41,950 |  | $ | 3,327 |  | $ | 716,427 |  | $ | 93,253 |  | $ | — |  | $ | 3,694,535 |
Ending balance: individually evaluated for impairment |  | $ | 26,012 |  | $ | 13,397 |  | $ | 1,450 |  | $ | 39,364 |  | $ | — |  | $ | — |  | $ | 48,241 |  | $ | 24 |  | $ | — |  | $ | 128,488 |
Ending balance: collectively evaluated for impairment |  | $ | 1,900,762 |  | $ | 318,534 |  | $ | 534,031 |  | $ | 6,028 |  | $ | 41,950 |  | $ | 3,327 |  | $ | 668,186 |  | $ | 93,229 |  | $ | — |  | $ | 3,566,047 |
Schedule of credit risk profile by internally assigned grade for loans |
|  | September 30, 2012 |  | December 31, 2011 |
(in thousands) |  | Commercial real estate |  | Commercial construction |  | Commercial |  | Commercial real estate |  | Commercial construction |  | Commercial |
Grade: |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 326,532 |  | $ | 42,913 |  | $ | 630,616 |  | $ | 308,843 |  | $ | 41,950 |  | $ | 650,234 |
Special mention |  | 9,455 |  | — |  | 21,291 |  | 8,594 |  | — |  | 14,660 |
Substandard |  | 28,849 |  | — |  | 48,460 |  | 11,058 |  | — |  | 47,607 |
Doubtful |  | 2,929 |  | — |  | 3,733 |  | 3,436 |  | — |  | 3,926 |
Loss |  | — |  | — |  | — |  | — |  | — |  | — |
Total |  | $ | 367,765 |  | $ | 42,913 |  | $ | 704,100 |  | $ | 331,931 |  | $ | 41,950 |  | $ | 716,427 |
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 |
September 30, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | $ | 5,830 |  | $ | 1,727 |  | $ | 28,626 |  | $ | 36,183 |  | $ | 1,863,397 |  | $ | 1,899,580 |  | $ | — |
Commercial real estate |  | — |  | — |  | 2,929 |  | 2,929 |  | 364,836 |  | 367,765 |  | — |
Home equity line of credit |  | 584 |  | 758 |  | 1,965 |  | 3,307 |  | 600,972 |  | 604,279 |  | — |
Residential land |  | 1,346 |  | 3,017 |  | 6,384 |  | 10,747 |  | 18,533 |  | 29,280 |  | 2,473 |
Commercial construction |  | — |  | — |  | — |  | — |  | 42,913 |  | 42,913 |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | 5,648 |  | 5,648 |  | — |
Commercial loans |  | 1,681 |  | 251 |  | 2,948 |  | 4,880 |  | 699,220 |  | 704,100 |  | 123 |
Consumer loans |  | 878 |  | 356 |  | 491 |  | 1,725 |  | 102,613 |  | 104,338 |  | 360 |
Total loans |  | $ | 10,319 |  | $ | 6,109 |  | $ | 43,343 |  | $ | 59,771 |  | $ | 3,698,132 |  | $ | 3,757,903 |  | $ | 2,956 |
December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | $ | 10,391 |  | $ | 4,583 |  | $ | 28,113 |  | $ | 43,087 |  | $ | 1,883,687 |  | $ | 1,926,774 |  | $ | — |
Commercial real estate |  | — |  | — |  | — |  | — |  | 331,931 |  | 331,931 |  | — |
Home equity line of credit |  | 1,671 |  | 494 |  | 1,421 |  | 3,586 |  | 531,895 |  | 535,481 |  | — |
Residential land |  | 2,352 |  | 575 |  | 13,037 |  | 15,964 |  | 29,428 |  | 45,392 |  | 205 |
Commercial construction |  | — |  | — |  | — |  | — |  | 41,950 |  | 41,950 |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | 3,327 |  | 3,327 |  | — |
Commercial loans |  | 226 |  | 733 |  | 1,340 |  | 2,299 |  | 714,128 |  | 716,427 |  | 28 |
Consumer loans |  | 553 |  | 344 |  | 486 |  | 1,383 |  | 91,870 |  | 93,253 |  | 308 |
Total loans |  | $ | 15,193 |  | $ | 6,729 |  | $ | 44,397 |  | $ | 66,319 |  | $ | 3,628,216 |  | $ | 3,694,535 |  | $ | 541 |
Schedule of credit risk profile based on nonaccrual loans, accruing loans 90 days or more past due |
|  | September 30, 2012 |  | December 31, 2011 |
(in thousands) |  | Nonaccrual loans |  | Accruing loans 90 days or more past due |  | Nonaccrual loans |  | Accruing loans 90 days or more past due |
Real estate loans: |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | $ | 29,613 |  | $ | — |  | $ | 28,298 |  | $ | — |
Commercial real estate |  | 2,929 |  | — |  | 3,436 |  | — |
Home equity line of credit |  | 2,621 |  | — |  | 2,258 |  | — |
Residential land |  | 4,393 |  | 2,473 |  | 14,535 |  | 205 |
Commercial construction |  | — |  | — |  | — |  | — |
Residential construction |  | — |  | — |  | — |  | — |
Commercial loans |  | 17,856 |  | 123 |  | 17,946 |  | 28 |
Consumer loans |  | 243 |  | 360 |  | 281 |  | 308 |
Total |  | $ | 57,655 |  | $ | 2,956 |  | $ | 66,754 |  | $ | 541 |
Schedule of the carrying amount and the total unpaid principal balance of impaired loans |
|  | September 30, 2012 |  | Three months ended September 30, 2012 |  | Nine months ended September 30, 2012 |
(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 |  | $ | 15,963 |  | $ | 22,127 |  | $ | — |  | $ | 15,919 |  | $ | 57 |  | $ | 17,104 |  | $ | 225 |
Commercial real estate |  | — |  | — |  | — |  | 2,003 |  | — |  | 9,504 |  | 237 |
Home equity line of credit |  | 584 |  | 1,376 |  | — |  | 630 |  | — |  | 648 |  | 1 |
Residential land |  | 18,107 |  | 22,854 |  | — |  | 19,876 |  | 296 |  | 24,184 |  | 1,020 |
Commercial construction |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial loans |  | 585 |  | 585 |  | — |  | 8,916 |  | 33 |  | 31,710 |  | 979 |
Consumer loans |  | 22 |  | 22 |  | — |  | 23 |  | — |  | 23 |  | — |
|  | 35,261 |  | 46,964 |  | — |  | 47,367 |  | 386 |  | 83,173 |  | 2,462 |
With an allowance recorded |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | 4,504 |  | 4,504 |  | 324 |  | 4,509 |  | 58 |  | 4,072 |  | 192 |
Commercial real estate |  | 2,929 |  | 2,929 |  | 7 |  | 976 |  | — |  | 326 |  | — |
Home equity line of credit |  | 313 |  | 421 |  | 313 |  | 104 |  | — |  | 35 |  | — |
Residential land |  | 7,021 |  | 7,243 |  | 2,321 |  | 7,134 |  | 122 |  | 7,306 |  | 429 |
Commercial construction |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial loans |  | 17,370 |  | 20,398 |  | 1,656 |  | 9,476 |  | 2 |  | 5,777 |  | 20 |
Consumer loans |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
|  | 32,137 |  | 35,495 |  | 4,621 |  | 22,199 |  | 182 |  | 17,516 |  | 641 |
Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | 20,467 |  | 26,631 |  | 324 |  | 20,428 |  | 115 |  | 21,176 |  | 417 |
Commercial real estate |  | 2,929 |  | 2,929 |  | 7 |  | 2,979 |  | — |  | 9,830 |  | 237 |
Home equity line of credit |  | 897 |  | 1,797 |  | 313 |  | 734 |  | — |  | 683 |  | 1 |
Residential land |  | 25,128 |  | 30,097 |  | 2,321 |  | 27,010 |  | 418 |  | 31,490 |  | 1,449 |
Commercial construction |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | — |  | — |  | — |
Commercial loans |  | 17,955 |  | 20,983 |  | 1,656 |  | 18,392 |  | 35 |  | 37,487 |  | 999 |
Consumer loans |  | 22 |  | 22 |  | — |  | 23 |  | — |  | 23 |  | — |
|  | $ | 67,398 |  | $ | 82,459 |  | $ | 4,621 |  | $ | 69,566 |  | $ | 568 |  | $ | 100,689 |  | $ | 3,103 |
* Since loan was classified as impaired.
|  | December 31, 2011 |  | Year ended December 31, 2011 |
(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 |  | $ | 19,217 |  | $ | 26,614 |  | $ | — |  | $ | 21,385 |  | $ | 282 |
Commercial real estate |  | 13,397 |  | 13,397 |  | — |  | 13,404 |  | 747 |
Home equity line of credit |  | 711 |  | 1,612 |  | — |  | 954 |  | 6 |
Residential land |  | 30,781 |  | 39,136 |  | — |  | 33,398 |  | 1,779 |
Commercial construction |  | — |  | — |  | — |  | — |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | — |
Commercial loans |  | 41,680 |  | 43,516 |  | — |  | 40,952 |  | 2,912 |
Consumer loans |  | 25 |  | 25 |  | — |  | 16 |  | — |
|  | 105,811 |  | 124,300 |  | — |  | 110,109 |  | 5,726 |
With an allowance recorded |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | 3,525 |  | 3,525 |  | 203 |  | 3,527 |  | 201 |
Commercial real estate |  | — |  | — |  | — |  | — |  | — |
Home equity line of credit |  | — |  | — |  | — |  | — |  | — |
Residential land |  | 7,792 |  | 7,852 |  | 2,525 |  | 8,158 |  | 603 |
Commercial construction |  | — |  | — |  | — |  | — |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | — |
Commercial loans |  | 6,561 |  | 6,561 |  | 976 |  | 8,131 |  | 737 |
Consumer loans |  | — |  | — |  | — |  | — |  | — |
|  | 17,878 |  | 17,938 |  | 3,704 |  | 19,816 |  | 1,541 |
Total |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | 22,742 |  | 30,139 |  | 203 |  | 24,912 |  | 483 |
Commercial real estate |  | 13,397 |  | 13,397 |  | — |  | 13,404 |  | 747 |
Home equity line of credit |  | 711 |  | 1,612 |  | — |  | 954 |  | 6 |
Residential land |  | 38,573 |  | 46,988 |  | 2,525 |  | 41,556 |  | 2,382 |
Commercial construction |  | — |  | — |  | — |  | — |  | — |
Residential construction |  | — |  | — |  | — |  | — |  | — |
Commercial loans |  | 48,241 |  | 50,077 |  | 976 |  | 49,083 |  | 3,649 |
Consumer loans |  | 25 |  | 25 |  | — |  | 16 |  | — |
|  | $ | 123,689 |  | $ | 142,238 |  | $ | 3,704 |  | $ | 129,925 |  | $ | 7,267 |
Schedule of loan modifications |
|  | Three months ended September 30, 2012 |  | Nine months ended September 30, 2012 |
(dollars in thousands) |  | Number of contracts |  | Pre-modification outstanding recorded investment |  | Post-modification outstanding recorded investment |  | Number of contracts |  | Pre-modification outstanding recorded investment |  | Post-modification outstanding recorded investment |
Troubled debt restructurings |  |  |  |  |  |  |  |  |  |  |  |  |
Real estate loans: |  |  |  |  |  |  |  |  |  |  |  |  |
Residential 1-4 family |  | 4 |  | $ | 1,415 |  | $ | 1,332 |  | 26 |  | $ | 5,884 |  | $ | 5,614 |
Commercial real estate |  | — |  | — |  | — |  | — |  | — |  | — |
Home equity line of credit |  | — |  | — |  | — |  | — |  | — |  | — |
Residential land |  | 6 |  | 1,168 |  | 1,001 |  | 21 |  | 4,676 |  | 4,022 |
Commercial loans |  | 4 |  | 517 |  | 517 |  | 18 |  | 2,546 |  | 2,546 |
Consumer loans |  | — |  | — |  | — |  | — |  | — |  | — |
Total |  | 14 |  | $ | 3,100 |  | $ | 2,850 |  | 65 |  | $ | 13,106 |  | $ | 12,182
Schedule of loans modified in TDRS that experienced a payment default of 90 days or more, and for which payment default occurred within one year of the modification |
|  | Nine months ended September 30, 2012 |
(dollars in thousands) |  | Number of contracts |  | Recorded investment |
Troubled debt restructurings that subsequently defaulted |  |  |  |  |
Real estate loans: |  |  |  |  |
Residential 1-4 family |  | — |  | $ | — |
Commercial real estate |  | — |  | — |
Home equity line of credit |  | — |  | — |
Residential land |  | — |  | — |
Commercial loans |  | 1 |  | 488 |
Consumer loans |  | — |  | — |
Total |  | 1 |  | $ | 488

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

X
- Definition Tabular disclosure of financing receivables and troubled debt restructurings that experienced payment default of 90 days or more, and for which the payment default occurred within one year of the modification. + References No definition available. + Details
Name: | he_TroubledDebtRestructuringsOnFianancingReceivablesThatExperiencedPaymentDefaultTableTextBlock
Namespace Prefix: | he_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References Reference 1: 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 2: 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 3: 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 4: 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 5: 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 6: 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 7: 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 8: 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 Reference 9: 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 10: 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 + 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=7512638&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=7880640&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=7512638&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. + References No definition available. + 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=7512638&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=7512638&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 components of comprehensive income (loss) including, but not limited to: (a) foreign currency translation adjustments; (b) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (c) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (d) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (e) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (f) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (g) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a condensed balance sheet. Disclosure may include, but is not limited to, balance sheets of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a condensed income statement. Disclosure may include, but is not limited to, income statements of consolidated entities and consolidation eliminations. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
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 -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=7512638&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 -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=7512638&loc=d3e5111-111524 + Details
Name: | us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables and troubled debt restructurings. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953682-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=7512638&loc=SL6953676-111524 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration