XML 60 R40.htm IDEA: XBRL DOCUMENT v3.20.4
Summary of significant accounting policies (Tables)
 12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of impact of adoption of new accounting principle
The table below summarizes the impact of the Company’s adoption of ASU No. 2016-13.
January 1, 2020
(in thousands)Pre-ASU No. 2016-13 adoptionImpact of ASU No. 2016-13As reported under ASU No. 2016-13
HEI consolidated
Loans held for investments, net1
$5,067,821 $(19,441)$5,048,380 
Total assets13,745,251 (19,441)13,725,810 
Deferred income taxes379,324 (5,628)373,696 
Other1
583,545 1,559 585,104 
Total liabilities11,430,698 (4,069)11,426,629 
Retained earnings622,042 (15,372)606,670 
Total shareholders’ equity2,280,260 (15,372)2,264,888 
Total liabilities and shareholders’ equity13,745,251 (19,441)13,725,810 
1 The allowance for credit losses is classified in “Loans held for investments, net,” and the allowance for loan commitments is classified in “Other” liabilities in the Company’s consolidated balance sheets.
Summary of amounts in income tax expense related to investments in qualifying affordable housing projects
The table below summarizes the amounts in income tax expense related to ASB’s LIHTC investments:
Years ended December 31202020192018
(in millions)   
Amounts in income taxes related to low-income housing tax credit investments
   
   Amortization recognized in the provision for income taxes$(9.6)$(7.9)$(7.7)
   Tax credits and other tax benefits recognized in the provision for income taxes13.7 11.9 10.9 
         Net benefit to income tax expense$4.1 $4.0 $3.2