XML 73 R59.htm IDEA: XBRL DOCUMENT v3.24.3
Bank segment - Income Statement Data (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Noninterest income                
Noninterest income $ 856,404     $ 822,044     $ 2,428,805 $ 2,435,416
Noninterest expense                
Goodwill impairment             82,190 0
Income (loss) before income taxes (149,234)     49,110     (1,837,245) 188,781
Income tax expense (benefit) (45,303)     7,521     (480,898) 36,915
Net income (loss) (103,931)     41,589     (1,356,347) 151,866
Other comprehensive income (loss), net of tax benefits 39,360 $ 1,594 $ (9,801) (34,875) $ (7,609) $ 20,488 31,153 (21,996)
Comprehensive income (loss) attributable to Hawaiian Electric Industries, Inc. (65,042)     6,243     (1,326,611) 128,453
American Savings Bank (ASB)                
Interest and dividend income                
Interest and fees on loans 73,654     71,540     219,585 204,348
Interest and dividends on investment securities 14,001     14,096     42,183 42,508
Interest and dividend income 87,655     85,636     261,768 246,856
Interest expense                
Interest on deposit liabilities 19,018     14,446     54,465 30,944
Interest on other borrowings 6,403     8,598     21,036 25,171
Total interest expense 25,421     23,044     75,501 56,115
Net interest income 62,234     62,592     186,267 190,741
Provision for credit losses 248     8,835     (3,821) 10,053
Net interest income after provision for credit losses 61,986     53,757     190,088 180,688
Noninterest income                
Gain on sale of real estate 0     0     0 495
Total noninterest income 17,489     15,338     50,463 45,355
Noninterest expense                
Compensation and employee benefits 31,485     29,902     93,746 89,500
Occupancy 5,630     5,154     15,913 16,281
Data processing 4,974     5,133     14,780 15,240
Services 3,816     3,627     12,217 8,911
Equipment 2,436     3,125     7,562 8,728
Office supplies, printing and postage 1,014     1,022     3,038 3,296
Marketing 885     984     2,408 2,834
Goodwill impairment 0 $ 82,200   0     82,190 0
Other expense 5,806     7,399     16,561 19,742
Noninterest expense 56,046     56,346     248,415 164,532
Income (loss) before income taxes 23,429     12,749     (7,864) 61,511
Income tax expense (benefit) 4,651     1,384     (1,789) 11,380
Net income (loss) 18,778     11,365     (6,075) 50,131
Other comprehensive income (loss), net of tax benefits 40,204     (34,231)     32,069 (23,011)
Comprehensive income (loss) attributable to Hawaiian Electric Industries, Inc. 58,982     (22,866)     25,994 27,120
American Savings Bank (ASB) | Fees from other financial services                
Noninterest income                
Noninterest income 5,188     4,703     15,195 14,391
American Savings Bank (ASB) | Fee income on deposit liabilities                
Noninterest income                
Noninterest income 5,156     4,924     14,684 14,027
American Savings Bank (ASB) | Fee income on other financial products                
Noninterest income                
Noninterest income 3,131     2,440     8,834 7,952
American Savings Bank (ASB) | Bank-owned life insurance                
Noninterest income                
Noninterest income 2,993     2,303     8,832 5,683
American Savings Bank (ASB) | Mortgage banking income                
Noninterest income                
Noninterest income 363     341     1,151 701
American Savings Bank (ASB) | Other income, net                
Noninterest income                
Noninterest income $ 658     $ 627     $ 1,767 $ 2,106