XML 42 R31.htm IDEA: XBRL DOCUMENT v3.20.2

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURE (Tables)

6 Months Ended

Jun. 30, 2020

ALLOWANCE FOR LOAN AND LEASE LOSSES

Schedule of activity in the allowance, by class

The following table presents by class, the activity in the ACL for loans under ASC 326 during the three and six months ended June 30, 2020 and under previous GAAP during the three and six months ended June 30, 2019:

			Commercial, Financial and Agricultural																		Real Estate
(dollars in thousands)			SBA PPP						Other						Construction						Residential Mortgage						Home Equity						Commercial Mortgage												Consumer																		Total
Three Months Ended June 30, 2020
Beginning balance prior to ASC 326			$	—					$	8,645					$	3,057					$	13,181					$	2,309					$	19,518											$	12,935																	$	59,645
Impact of adoption of ASC 326			—						—						—						—						—						—												—																		—
Beginning balance			—						8,645						3,057						13,181						2,309						19,518												12,935																		59,645
Provision for credit losses			388						7,660						217						1,876						1,342						(3,371)												2,528																		10,640
			388						16,305						3,274						15,057						3,651						16,147												15,463																		70,285
Charge-offs			—						1,103						—						52						—						—												2,626																		3,781
Recoveries			—						305						—						20						—						1												509																		835
Net charge-offs (recoveries)			—						798						—						32						—						(1)												2,117																		2,946
Ending balance			$	388					$	15,507					$	3,274					$	15,025					$	3,651					$	16,148											$	13,346																	$	67,339
Three Months Ended June 30, 2019
Beginning balance			$	—					$	7,847					$	1,299					$	12,851					$	4,278					$	12,036											$	8,956																	$	47,267
Provision for credit losses			—						786						(578)						144						26						(393)												1,419																		1,404
			—						8,633						721						12,995						4,304						11,643												10,375																		48,671
Charge-offs			—						839						—						—						—						—												1,459																		2,298
Recoveries			—						315						592						372						9						25												581																		1,894
Net charge-offs (recoveries)			—						524						(592)						(372)						(9)						(25)												878																		404
Ending balance			$	—					$	8,109					$	1,313					$	13,367					$	4,313					$	11,668											$	9,497																	$	48,267

			Commercial, Financial and Agricultural																		Real Estate
(dollars in thousands)			SBA PPP						Other						Construction						Residential Mortgage						Home Equity						Commercial Mortgage												Consumer																		Total
Six Months Ended June 30, 2020
Beginning balance prior to ASC 326			$	—					$	8,136					$	1,792					$	13,327					$	4,206					$	11,113											$	9,397																	$	47,971
Impact of adoption of ASC 326			—						(627)						479						608						(1,614)						2,624												2,096																		3,566
Balance after adoption of ASC 326			—						7,509						2,271						13,935						2,592						13,737												11,493																		51,537
Provision for credit losses			388						8,891						872						941						1,028						2,408												5,441																		19,969
			388						16,400						3,143						14,876						3,620						16,145												16,934																		71,506
Charge-offs			—						1,540						—						52						—						—												4,843																		6,435
Recoveries			—						647						131						201						31						3												1,255																		2,268
Net charge-offs (recoveries)			—						893						(131)						(149)						(31)						(3)												3,588																		4,167
Ending balance			$	388					$	15,507					$	3,274					$	15,025					$	3,651					$	16,148											$	13,346																	$	67,339
Six Months Ended June 30, 2019
Beginning balance			$	—					$	8,027					$	1,202					$	14,349					$	3,788					$	13,358											$	7,192																	$	47,916
Provision for credit losses			—						836						(487)						(1,376)						507						(1,715)												4,922																		2,687
			—						8,863						715						12,973						4,295						11,643												12,114																		50,603
Charge-offs			—						1,302						—						—						—						—												3,710																		5,012
Recoveries			—						548						598						394						18						25												1,093																		2,676
Net charge-offs (recoveries)			—						754						(598)						(394)						(18)						(25)												2,617																		2,336
Ending balance			$	—					$	8,109					$	1,313					$	13,367					$	4,313					$	11,668											$	9,497																	$	48,267

The following table presents the activity in the reserve for off-balance sheet credit exposures, included in other liabilities, under ASC 326 during the three and six months ended June 30, 2020 and under previous GAAP during the three and six months ended June 30, 2019.

Three Months Ended June 30, 2020
Beginning balance			$	3,810
Provision for off-balance sheet credit exposures			573
Ending balance			$	4,383
Three Months Ended June 30, 2019
Beginning balance			$	1,409
Provision for off-balance sheet credit exposures			488
Ending balance			$	1,897
Six Months Ended June 30, 2020
Beginning balance prior to ASC 326			$	1,272
Impact of adoption of ASC 326			740
Balance after adoption of ASC 326			2,012
Provision for off-balance sheet credit exposures			2,371
Ending balance			$	4,383
Six Months Ended June 30, 2019
Beginning balance			$	1,242
Provision for off-balance sheet credit exposures			655
Ending balance			$	1,897

X

- References

No definition available.

+ Details

Name:	cpf_AllowanceForLoanAndLeaseLossesAbstract
Namespace Prefix:	cpf_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss of financing receivable, classified as current.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447

+ Details

Name:	us-gaap_ScheduleOfCreditLossesForFinancingReceivablesCurrentTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration