XML 56 R42.htm IDEA: XBRL DOCUMENT v3.24.0.1

MORTGAGE SERVICING RIGHTS (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of changes in other intangible assets

The following table presents changes in our mortgage servicing rights for the periods presented:

(Dollars in thousands)									Mortgage Servicing Rights
Balance as of December 31, 2021									$	9,738
Additions									631
Amortization									(1,295)
Balance as of December 31, 2022									9,074
Additions									327
Amortization									(705)
Balance as of December 31, 2023									$	8,696

Schedule of gross carrying value and accumulated amortization related to intangible assets

The gross carrying value, accumulated amortization, and net carrying value related to our mortgage servicing rights as of December 31, 2023 and 2022 are presented below:

			December 31, 2023																		December 31, 2022
(Dollars in thousands)			Gross Carrying Value						Accumulated Amortization						Net Carrying Value						Gross Carrying Value						Accumulated Amortization						Net Carrying Value
Mortgage servicing rights			$	69,740					$	(61,044)					$	8,696					$	69,413					$	(60,339)					$	9,074

Schedule of estimated amortization expense

Based on our mortgage servicing rights held as of December 31, 2023, estimated amortization expense for the next five succeeding fiscal years and all years thereafter are as follows:

(Dollars in thousands)
Year Ending December 31:
2024			$	857
2025			829
2026			747
2027			671
2028			596
Thereafter			4,996
Total			$	8,696

Schedule of fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights

The following table presents the fair market value and key assumptions used in determining the fair market value of our mortgage servicing rights:

			Year Ended December 31,
(Dollars in thousands)			2023						2022
Fair market value, beginning of period			$	12,061					$	10,504
Fair market value, end of period			12,185						12,061
Weighted-average discount rate			9.5		%				9.5		%
Weighted-average prepayment speed assumption			11.2		%				10.4		%

X

- Definition

Tabular disclosure of the changes in finite-lived intangible assets.

+ References

No definition available.

+ Details

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

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

+ Details

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

X

- References

No definition available.

+ Details

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

X

- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-2

+ Details

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

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482665/350-30-50-2

+ Details

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