XML 31 R89.htm IDEA: XBRL DOCUMENT v2.4.0.6
EQUITY (Details) (USD $)
 12 Months Ended 1 Months Ended 12 Months Ended 1 Months Ended 3 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Feb. 28, 2011
TARP Warrant
Dec. 31, 2012
TARP Warrant
Dec. 31, 2011
TARP Warrant
Feb. 18, 2011
TARP Warrant
Feb. 17, 2011
Rights
Dec. 31, 2012
Treasury
TARP Warrant
Feb. 18, 2011
Treasury
TARP Warrant
Feb. 17, 2011
Treasury
TARP Warrant
Dec. 31, 2012
Central Pacific Bank
Dec. 31, 2012
Common stock
Jan. 31, 2008
Common stock
May 06, 2011
Common stock
Rights
Apr. 30, 2012
Common stock
Treasury
Jun. 30, 2011
Common stock
Treasury
Feb. 28, 2011
Common stock
Treasury
Mar. 31, 2011
Common stock
Treasury
Dec. 31, 2012
Common stock
Treasury
Jun. 30, 2012
Common stock
Treasury
TARP Warrant
Feb. 28, 2011
Fixed Rate Cumulative Perpetual Preferred Stock
Treasury
Feb. 18, 2011
Fixed Rate Cumulative Perpetual Preferred Stock
Treasury
Nov. 30, 2010
Junior Participating Preferred Stock, Series C
Rights
Nov. 23, 2010
Junior Participating Preferred Stock, Series C
Rights
EQUITY                                                  
Shares exchanged                               2,770,117 2,850,000         135,000      
Liquidation preference (in dollars per share)                                             $ 1,000    
Common stock issued in exchange for preferred stock and accrued and unpaid dividends (in shares)   5,620,117                               5,620,117              
Exercise price of warrant (in dollars per share)               $ 10 $ 10 $ 10 $ 255.40       $ 10                   $ 6.00
Number of shares that can be purchased upon exercise of warrants or rights                                         79,288        
Non-cash increase in net income available to common shareholders due to TARP Exchange $ 85,100,000                                                
Estimated fair value of the common stock issued   56,201,000                                 56,200,000 56,200,000          
Exercise price of future issues below which an adjustment to current warrant or rights exercise price will be adjusted (in dollars per share)                 $ 10                                
Initial value attributed to the warrant             1,700,000                                    
For ownership change to occur, the minimum cumulative increase in the entity's ownership by "5-percent shareholders" over a rolling three-year period (as a percent) 50.00%                                                
Assumptions used in estimating fair value                                                  
Volatility (as a percent)       67.00%                                          
Risk-free rate (as a percent)       3.59%                                          
Yield (as a percent)       1.45%                                          
Estimated life       10 years                                          
Increase in fair value recorded in noninterest income 4,611,000 4,966,000 3,259,000     1,000,000                                      
Other noninterest expense 20,307,000 43,890,000 37,636,000   100,000                                        
Fraction of securities callable by each warrant or right                                               0.0001  
Statutory Retained Earnings $ 96,500,000                     $ 96,500,000                          
Shares authorized under the 2008 Repurchase Plan                           60,000                      
Shares remaining available for repurchase                         55,000