XML 52 R38.htm IDEA: XBRL DOCUMENT v3.24.0.1

LOANS AND CREDIT QUALITY (Tables)

12 Months Ended

Dec. 31, 2023

Receivables [Abstract]

Schedule of loans and leases, excluding loans held for sale

Loans, net of deferred fees and costs as of December 31, 2023 and 2022 consisted of the following:

			December 31,
(Dollars in thousands)			2023						2022
Commercial and industrial:
Small Business Administration Paycheck Protection Program ("SBA PPP")			$	1,313					$	2,654
Other			574,725						544,495
Real estate:
Construction			185,994						167,366
Residential mortgage			1,927,206						1,940,456
Home equity			734,500						737,386
Commercial mortgage			1,384,579						1,364,998
Consumer			630,898						798,957
Gross loans			5,439,215						5,556,312
Net deferred fees and costs			(233)						(846)
Loans, net of deferred fees and costs			$	5,438,982					$	5,555,466

Financing Receivable, Purchased With Credit Deterioration

The following table presents loan purchases by class for the periods presented:

Schedule of balance in the allowance for loan and lease losses and the recorded investment in loans and lease based on the impairment measurement methods, by class

In accordance with ASC 326, a loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment is expected to be provided substantially through the operation or sale of the collateral. The following table presents the amortized cost basis of collateral-dependent loans by class, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans as of December 31, 2023 and 2022:

			December 31, 2023
(Dollars in thousands)			Secured by 1-4 Family Residential Properties						Secured by Nonfarm Nonresidential Properties																		Total						Allocated ACL
Real estate:
Residential mortgage			$	6,450					$	—																	$	6,450					$	47
Home equity			834						—																		834						—
Commercial mortgage			—						77																		77						—
Total			$	7,284					$	77																	$	7,361					$	47

			December 31, 2022
(Dollars in thousands)			Secured by 1-4 Family Residential Properties						Secured by Nonfarm Nonresidential Properties																		Total						Allocated ACL
Real estate:
Residential mortgage			$	5,653					$	—																	$	5,653					$	—
Home equity			570						—																		570						—
Total			$	6,223					$	—																	$	6,223					$	—

Schedule of aging of the recorded investment in past due loans and leases, by class

The following tables present by class, the aging of the recorded investment in past due loans as of December 31, 2023 and 2022. The following tables also present the amortized cost of loans on nonaccrual status for which there was no related ACL as of the dates indicated:

			December 31, 2023
(Dollars in thousands)			Accruing Loans 30 - 59 Days Past Due						Accruing Loans 60 - 89 Days Past Due						Accruing Loans 90+  Days Past Due						Nonaccrual Loans						Total Past Due and Nonaccrual						Loans and Leases Not Past Due						Total						Nonaccrual Loans with No ACL
Commercial and industrial:
SBA PPP			$	—					$	—					$	—					$	—					$	—					$	1,284					$	1,284					$	—
Other			513						169						—						432						1,114						573,309						574,423						—
Real estate:
Construction			—						—						—						—						—						185,519						185,519						—
Residential mortgage			3,082						2,140						—						4,962						10,184						1,917,605						1,927,789						4,855
Home equity			804						400						229						834						2,267						734,257						736,524						834
Commercial mortgage			—						—						—						77						77						1,382,825						1,382,902						77
Consumer			5,677						2,329						1,083						703						9,792						620,749						630,541						—
Total			$	10,076					$	5,038					$	1,312					$	7,008					$	23,434					$	5,415,548					$	5,438,982					$	5,766

			December 31, 2022
(Dollars in thousands)			Accruing Loans 30 - 59 Days Past Due						Accruing Loans 60 - 89 Days Past Due						Accruing Loans 90+  Days Past Due						Nonaccrual Loans						Total Past Due and Nonaccrual						Loans and Leases Not Past Due						Total						Nonaccrual Loans with No ACL
Commercial and industrial:
SBA PPP			$	471					$	37					$	13					$	—					$	521					$	2,034					$	2,555					$	—
Other			546						131						26						297						1,000						542,947						543,947						—
Real estate:
Construction			—						—						—						—						—						166,723						166,723						—
Residential mortgage			303						—						559						3,808						4,670						1,936,329						1,940,999						3,808
Home equity			1,540						—						—						570						2,110						737,270						739,380						570
Commercial mortgage			160						—						—						—						160						1,362,915						1,363,075						—
Consumer			5,173						1,921						1,240						576						8,910						789,877						798,787						—
Total			$	8,193					$	2,089					$	1,838					$	5,251					$	17,371					$	5,538,095					$	5,555,466					$	4,378

Schedule of recorded investment in the loans and leases, by class and credit indicator

The following tables present the amortized cost basis, net of deferred (fees) costs of the Company's loans by class, credit quality indicator and origination year as of December 31, 2023 and 2022. Revolving loans converted to term as of and during the year ended December 31, 2023 and 2022 were not material to the total loan portfolio.

			Amortized Cost of Term Loans by Origination Year
(Dollars in thousands)			2023						2022						2021						2020						2019						Prior						Amortized Cost of Revolving Loans						Total
December 31, 2023
Commercial and industrial - SBA PPP:
Risk Rating
Pass			$	—					$	—					$	1,284					$	—					$	—					$	—					$	—					$	1,284
Subtotal			—						—						1,284						—						—						—						—						1,284
Commercial and industrial - Other:
Risk Rating
Pass			83,333						82,649						76,267						32,831						42,162						152,940						90,177						560,359
Special Mention			—						—						2,916						—						—						944						93						3,953
Substandard			37						1,189						576						662						571						7,026						50						10,111
Subtotal			83,370						83,838						79,759						33,493						42,733						160,910						90,320						574,423
Construction:
Risk Rating
Pass			8,434						52,596						69,203						18,878						2,136						31,090						2,778						185,115
Special Mention			—						—						404						—						—						—						—						404
Subtotal			8,434						52,596						69,607						18,878						2,136						31,090						2,778						185,519
Residential mortgage:
Risk Rating
Pass			101,473						266,314						609,648						414,430						144,312						385,452						—						1,921,629
Special Mention			—						—						—						—						—						268						—						268
Substandard			—						1,057						299						931						818						2,787						—						5,892
Subtotal			101,473						267,371						609,947						415,361						145,130						388,507						—						1,927,789
Home equity:
Risk Rating
Pass			12,229						32,208						19,589						8,766						6,372						17,379						638,917						735,460
Substandard			—						—						—						—						66						998						—						1,064
Subtotal			12,229						32,208						19,589						8,766						6,438						18,377						638,917						736,524
Commercial mortgage:
Risk Rating
Pass			96,479						256,660						202,933						115,055						112,578						566,325						6,311						1,356,341
Special Mention			—						—						—						—						10,513						9,638						—						20,151
Substandard			—						—						2,587						—						1,654						2,169						—						6,410
Subtotal			96,479						256,660						205,520						115,055						124,745						578,132						6,311						1,382,902
Consumer:
Risk Rating
Pass			88,593						261,752						144,341						36,431						27,970						10,538						59,130						628,755
Substandard			58						231						205						87						83						1,084						10						1,758
Loss			—						—						—						—						—						28						—						28
Subtotal			88,651						261,983						144,546						36,518						28,053						11,650						59,140						630,541
Total loans, net of deferred fees and costs			$	390,636					$	954,656					$	1,130,252					$	628,071					$	349,235					$	1,188,666					$	797,466					$	5,438,982

			Amortized Cost of Term Loans by Origination Year
(Dollars in thousands)			2022						2021						2020						2019						2018						Prior						Amortized Cost of Revolving Loans						Total
December 31, 2022
Commercial and industrial - SBA PPP:
Risk Rating
Pass			$	—					$	2,546					$	9					$	—					$	—					$	—					$	—					$	2,555
Subtotal			—						2,546						9						—						—						—						—						2,555
Commercial and industrial - Other:
Risk Rating
Pass			77,550						101,595						41,358						53,241						39,106						141,950						76,466						531,266
Special Mention			2,206						350						172						1,011						29						—						99						3,867
Substandard			188						176						833						256						116						7,215						30						8,814
Subtotal			79,944						102,121						42,363						54,508						39,251						149,165						76,595						543,947
Construction:
Risk Rating
Pass			25,663						61,027						23,384						2,387						14,309						18,048						15,044						159,862
Special Mention			—						417						—						—						898						—						—						1,315
Substandard			—						4,850						—						696						—						—						—						5,546
Subtotal			25,663						66,294						23,384						3,083						15,207						18,048						15,044						166,723
Residential mortgage:
Risk Rating
Pass			279,146						636,756						434,928						154,906						58,431						371,517						—						1,935,684
Substandard			—						—						948						—						503						3,864						—						5,315
Subtotal			279,146						636,756						435,876						154,906						58,934						375,381						—						1,940,999
Home equity:
Risk Rating
Pass			34,973						23,772						10,520						7,463						6,880						11,727						643,277						738,612
Special Mention			—						—						—						—						—						—						198						198
Substandard			—						—						—						—						78						453						39						570
Subtotal			34,973						23,772						10,520						7,463						6,958						12,180						643,514						739,380
Commercial mortgage:
Risk Rating
Pass			226,137						208,230						119,531						129,950						145,932						472,267						11,473						1,313,520
Special Mention			—						—						—						11,388						—						16,082						—						27,470
Substandard			—						10,149						—						1,700						2,133						8,103						—						22,085
Subtotal			226,137						218,379						119,531						143,038						148,065						496,452						11,473						1,363,075
Consumer:
Risk Rating
Pass			358,609						242,942						59,352						50,899						20,065						10,958						54,038						796,863
Special Mention			—						—						—						113						—						—						—						113
Substandard			1						261						91						126						42						790						—						1,311
Loss			—						—						—						—						—						500						—						500
Subtotal			358,610						243,203						59,443						51,138						20,107						12,248						54,038						798,787
Total loans, net of deferred fees and costs			$	1,004,473					$	1,293,071					$	691,126					$	414,136					$	288,522					$	1,063,474					$	800,664					$	5,555,466

X

- Definition

Financing Receivable, Purchased With Credit Deterioration

+ References

No definition available.

+ Details

Name:	cpf_FinancingReceivablePurchasedWithCreditDeteriorationTableTextBlock
Namespace Prefix:	cpf_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-13

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-5

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-29

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479319/326-20-50-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 80
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479294/326-20-55-80

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-7

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481962/310-10-50-7A

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration