XML 23 R12.htm IDEA: XBRL DOCUMENT
v3.24.3

ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2024 | Sep. 30, 2024
ALLOWANCE FOR LOAN AND LEASE LOSSES |  |
ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES | 4. ALLOWANCE FOR CREDIT LOSSES AND RESERVE FOR OFF-BALANCE SHEET CREDIT EXPOSURES The following tables present by class, the activities in the ACL for loans during the periods presented:
(dollars in thousands) |  |  |  |  |  | Real Estate |  |  |  |  |  |
Three Months Ended September 30, 2024 |  |  |  |  |  | Commercial and Industrial |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  | Consumer |  |  |  | Total
Beginning balance |  |  |  |  |  | $ | 7,071 |  |  | $ | 3,798 |  |  | $ | 15,389 |  |  | $ | 3,829 |  |  | $ | 17,337 |  |  | $ | 14,801 |  |  |  |  | $ | 62,225 |
Provision (credit) for credit losses on loans |  |  |  |  |  | 617 |  |  | (1,230) |  |  | 1,052 |  |  | (1,360) |  |  | 1,204 |  |  | 2,757 |  |  |  |  | 3,040 |
Subtotal |  |  |  |  |  | 7,688 |  |  | 2,568 |  |  | 16,441 |  |  | 2,469 |  |  | 18,541 |  |  | 17,558 |  |  |  |  | 65,265 |
Charge-offs |  |  |  |  |  | (663) |  |  | — |  |  | (99) |  |  | — |  |  | — |  |  | (3,956) |  |  |  |  | (4,718) |
Recoveries |  |  |  |  |  | 158 |  |  | — |  |  | 8 |  |  | — |  |  | — |  |  | 934 |  |  |  |  | 1,100 |
Net (charge-offs) recoveries |  |  |  |  |  | (505) |  |  | — |  |  | (91) |  |  | — |  |  | — |  |  | (3,022) |  |  |  |  | (3,618) |
Ending balance |  |  |  |  |  | $ | 7,183 |  |  | $ | 2,568 |  |  | $ | 16,350 |  |  | $ | 2,469 |  |  | $ | 18,541 |  |  | $ | 14,536 |  |  |  |  | $ | 61,647 |
(dollars in thousands) |  |  |  |  |  | Real Estate |  |  |  |  |  |
Three Months Ended September 30, 2023 |  |  |  |  |  | Commercial and Industrial |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  | Consumer |  |  |  | Total
Beginning balance |  |  |  |  |  | $ | 6,946 |  |  | $ | 3,654 |  |  | $ | 12,233 |  |  | $ | 3,965 |  |  | $ | 17,365 |  |  | $ | 19,686 |  |  |  |  | $ | 63,849 |
Provision (credit) for credit losses on loans |  |  |  |  |  | (330) |  |  | 953 |  |  | 1,727 |  |  | (913) |  |  | 1,738 |  |  | 1,351 |  |  |  |  | 4,526 |
Subtotal |  |  |  |  |  | 6,616 |  |  | 4,607 |  |  | 13,960 |  |  | 3,052 |  |  | 19,103 |  |  | 21,037 |  |  |  |  | 68,375 |
Charge-offs |  |  |  |  |  | (402) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (4,710) |  |  |  |  | (5,112) |
Recoveries |  |  |  |  |  | 261 |  |  | 1 |  |  | 10 |  |  | — |  |  | — |  |  | 982 |  |  |  |  | 1,254 |
Net (charge-offs) recoveries |  |  |  |  |  | (141) |  |  | 1 |  |  | 10 |  |  | — |  |  | — |  |  | (3,728) |  |  |  |  | (3,858) |
Ending balance |  |  |  |  |  | $ | 6,475 |  |  | $ | 4,608 |  |  | $ | 13,970 |  |  | $ | 3,052 |  |  | $ | 19,103 |  |  | $ | 17,309 |  |  |  |  | $ | 64,517 |
The following table presents the activities in the reserve for off-balance sheet credit exposures, included in other liabilities, during the periods presented. The (credit) provision for off-balance sheet credit exposures is included in the provision for credit losses on the Company's income statement during the periods presented.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(dollars in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Beginning balance | $ | 3,312 |  |  | $ | 3,664 |  |  | $ | 3,706 |  |  | $ | 3,243 |
(Credit) provision for off-balance sheet credit exposures | (207) |  |  | 348 |  |  | (601) |  |  | 769 |
Ending balance | $ | 3,105 |  |  | $ | 4,012 |  |  | $ | 3,105 |  |  | $ | 4,012 |
(dollars in thousands) |  |  |  |  |  | Real Estate |  |  |  |  |  |
Nine Months Ended September 30, 2024 |  |  |  |  |  | Commercial and Industrial |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  | Consumer |  |  |  | Total
Beginning balance |  |  |  |  |  | $ | 7,181 |  |  | $ | 4,004 |  |  | $ | 14,626 |  |  | $ | 3,501 |  |  | $ | 17,543 |  |  | $ | 17,079 |  |  |  |  | $ | 63,934 |
Provision (credit) for credit losses on loans |  |  |  |  |  | 1,488 |  |  | (1,436) |  |  | 2,082 |  |  | (1,038) |  |  | 998 |  |  | 7,515 |  |  |  |  | 9,609 |
Subtotal |  |  |  |  |  | 8,669 |  |  | 2,568 |  |  | 16,708 |  |  | 2,463 |  |  | 18,541 |  |  | 24,594 |  |  |  |  | 73,543 |
Charge-offs |  |  |  |  |  | (1,864) |  |  | — |  |  | (383) |  |  | — |  |  | — |  |  | (13,139) |  |  |  |  | (15,386) |
Recoveries |  |  |  |  |  | 378 |  |  | — |  |  | 25 |  |  | 6 |  |  | — |  |  | 3,081 |  |  |  |  | 3,490 |
Net (charge-offs) recoveries |  |  |  |  |  | (1,486) |  |  | — |  |  | (358) |  |  | 6 |  |  | — |  |  | (10,058) |  |  |  |  | (11,896) |
Ending balance |  |  |  |  |  | $ | 7,183 |  |  | $ | 2,568 |  |  | $ | 16,350 |  |  | $ | 2,469 |  |  | $ | 18,541 |  |  | $ | 14,536 |  |  |  |  | $ | 61,647 |
(dollars in thousands) |  |  |  |  |  | Real Estate |  |  |  |  |  |
Nine Months Ended September 30, 2023 |  |  |  |  |  | Commercial and Industrial |  | Construction |  | Residential Mortgage |  | Home Equity |  | Commercial Mortgage |  | Consumer |  |  |  | Total
Beginning balance |  |  |  |  |  | $ | 6,824 |  |  | $ | 2,867 |  |  | $ | 11,804 |  |  | $ | 4,114 |  |  | $ | 17,902 |  |  | $ | 20,227 |  |  |  |  | $ | 63,738 |
Provision (credit) for credit losses on loans |  |  |  |  |  | 558 |  |  | 1,740 |  |  | 2,096 |  |  | (1,077) |  |  | 1,201 |  |  | 5,758 |  |  |  |  | 10,276 |
Subtotal |  |  |  |  |  | 7,382 |  |  | 4,607 |  |  | 13,900 |  |  | 3,037 |  |  | 19,103 |  |  | 25,985 |  |  |  |  | 74,014 |
Charge-offs |  |  |  |  |  | (1,543) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (11,269) |  |  |  |  | (12,812) |
Recoveries |  |  |  |  |  | 636 |  |  | 1 |  |  | 70 |  |  | 15 |  |  | — |  |  | 2,593 |  |  |  |  | 3,315 |
Net (charge-offs) recoveries |  |  |  |  |  | (907) |  |  | 1 |  |  | 70 |  |  | 15 |  |  | — |  |  | (8,676) |  |  |  |  | (9,497) |
Ending balance |  |  |  |  |  | $ | 6,475 |  |  | $ | 4,608 |  |  | $ | 13,970 |  |  | $ | 3,052 |  |  | $ | 19,103 |  |  | $ | 17,309 |  |  |  |  | $ | 64,517 |

X
- References No definition available. + Details
Name: | cpf_AllowanceForLoanAndLeaseLossesAbstract
Namespace Prefix: | cpf_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for allowance for credit losses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -Publisher FASB -URI https://asc.fasb.org//310/tableOfContent + Details
Name: | us-gaap_AllowanceForCreditLossesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration