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Deposits
 12 Months Ended
Dec. 31, 2025
Deposits [Abstract]  
Deposits DEPOSITS
Total deposits of $15.60 billion at December 31, 2025, increased $1.28 billion, or 8.9%, from $14.33 billion at December 31, 2024. The increase in deposits was primarily due to the $1.67 billion in deposits assumed from the Merger with Territorial on April 2, 2025. At the close of the Merger, the Company recorded $147 thousand in net premium on time deposits, which was fully amortized as of December 31, 2025. See Note 19 “Business Combinations” for additional information regarding the Merger.
The aggregate amount of time deposits in denominations of more than $250 thousand at December 31, 2025 and 2024, was $3.21 billion and $2.71 billion, respectively. Included in time deposits of more than $250 thousand was $300.0 million in California State Treasurer’s deposits at December 31, 2025 and 2024. The California State Treasurer’s deposits are subject to withdrawal based on the State’s periodic evaluations. The Company is required to pledge eligible collateral of at least 110% of outstanding deposits. At December 31, 2025 and 2024, a letter of credit issued by the FHLB for $330.0 million and $150.0 million, respectively, and securities with an aggregate fair value of $200.5 million at December 31, 2024, were pledged as collateral for the California State Treasurer’s deposits. At December 31, 2025, time deposits owned by state and local governments in Hawaii in amounts greater than or equal to $250,000 were $193.7 million, and were collateralized by investment securities with an aggregate fair value of $205.5 million.
Brokered deposits at December 31, 2025 and 2024, totaled $902.0 million and $1.06 billion, respectively. Brokered deposits at December 31, 2025, consisted of $455.8 million in money market and NOW accounts and $446.1 million in time deposit accounts. Brokered deposits at December 31, 2024, consisted of $527.1 million in money market and NOW accounts and $536.0 million in time deposit accounts.
The aggregate amount of unplanned overdrafts of demand deposits that were reclassified as loans was $2.5 million and $1.1 million at December 31, 2025 and 2024, respectively.
At December 31, 2025, the scheduled maturities for time deposits were as follows:
December 31, 2025
(Dollars in thousands)
Scheduled maturities (1) in:
2026$6,307,690 
202732,096 
20289,870 
20292,995 
20309,004 
2031 and thereafter13,356 
Total
$6,375,011 
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(1)    $13.4 million in time deposits with maturities in 2031 and thereafter had call dates in January 2026.
The following table presents the maturity schedules of time deposits in amounts of more than $250 thousand at December 31, 2025:
 December 31, 2025
(Dollars in thousands)
Three months or less$1,505,165 
Over three months through six months841,355 
Over six months through twelve months834,730 
Over twelve months30,225 
Total$3,211,475 
Interest expense on deposits for the periods indicated is summarized as follows:
Year Ended December 31,
 202520242023
 (Dollars in thousands)
Money market and NOW$174,202 $168,131 $152,893 
Savings deposits23,659 31,939 8,858 
Time deposits259,389 295,378 279,480 
Total deposit interest expense
$457,250 $495,448 $441,231