XML 63 R47.htm IDEA: XBRL DOCUMENT v3.20.2
Bank segment - Income statement data (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Noninterest income            
Noninterest income $ 532,921   $ 660,421   $ 1,151,526 $ 1,237,811
Noninterest expense            
Income before income taxes 60,230   52,694   99,926 110,733
Income taxes 10,870   9,709   16,673 21,587
Net income 49,360   42,985   83,253 89,146
Other comprehensive income (loss), net of tax (benefits) (332) $ 18,212 13,699 $ 9,241 17,880 22,940
Comprehensive income attributable to Hawaiian Electric Industries, Inc. 48,555   56,211   100,187 111,140
COVID-19 related costs 3,700       3,800  
Incremental compensation expense 2,300       2,300  
Enhanced cleaning and sanitation costs 1,100       1,100  
American Savings Bank (ASB)            
Interest and dividend income            
Interest and fees on loans 53,541   58,620   109,086 116,480
Interest and dividends on investment securities 6,288   7,535   15,718 18,163
Total interest and dividend income 59,829   66,155   124,804 134,643
Interest expense            
Interest on deposit liabilities 3,071   4,287   6,658 8,539
Interest on other borrowings 75   411   388 939
Total interest expense 3,146   4,698   7,046 9,478
Net interest income 56,683   61,457   117,758 125,165
Provision for credit losses 15,133   7,688   25,534 14,558
Net interest income after provision for credit losses 41,550   53,769   92,224 110,607
Noninterest income            
Total noninterest income 24,160   15,532   38,923 30,096
Noninterest expense            
Compensation and employee benefits 25,079   25,750   50,856 51,262
Occupancy 5,442   5,479   10,709 10,149
Data processing 3,849   3,852   7,686 7,590
Services 2,474   2,606   5,283 5,032
Equipment 2,290   2,189   4,629 4,253
Office supplies, printing and postage 1,049   1,663   2,390 3,023
Marketing 379   1,323   1,181 2,313
FDIC insurance 751   628   853 1,254
Other expense1 7,063   4,519   11,257 8,373
Total noninterest expense 48,376   48,009   94,844 93,249
Income before income taxes 17,334   21,292   36,303 47,454
Income taxes 3,320   4,276   6,528 9,599
Net income 14,014   17,016   29,775 37,855
Other comprehensive income (loss), net of tax (benefits) (280)   14,275   19,567 20,527
Comprehensive income attributable to Hawaiian Electric Industries, Inc. 13,734   31,291   49,342 58,382
American Savings Bank (ASB) | Fees from other financial services            
Noninterest income            
Noninterest income 3,102   4,798   7,673 9,360
American Savings Bank (ASB) | Fee income on deposit liabilities            
Noninterest income            
Noninterest income 2,897   5,004   8,010 10,082
American Savings Bank (ASB) | Fee income on other financial products            
Noninterest income            
Noninterest income 1,212   1,830   3,084 3,423
American Savings Bank (ASB) | Bank-owned life insurance            
Noninterest income            
Noninterest income 1,673   2,390   2,467 4,649
American Savings Bank (ASB) | Mortgage banking income            
Noninterest income            
Noninterest income 6,252   976   8,252 1,590
American Savings Bank (ASB) | Gain on sale of investment securities, net            
Noninterest income            
Noninterest income 9,275   0   9,275 0
American Savings Bank (ASB) | Other income, net            
Noninterest income            
Noninterest income $ (251)   $ 534   $ 162 $ 992