BUSINESS COMBINATIONS (Tables) - BOH Holdings, Inc. [Member]

6 Months Ended

Jun. 30, 2026

BUSINESS COMBINATIONS [Abstract]

Fair Value of Assets Acquired and Liabilities Assumed

The following table details the purchase consideration and the preliminary determination of the purchase consideration to the fair value of the assets acquired and liabilities assumed from BOH as of the closing date of the Merger on April 1, 2026 (dollars in thousands):

Purchase consideration:
Fair value of common stock issued	$	117,468
Cash paid to settle outstanding warrants and stock appreciation rights		597
Cash paid in lieu of fractional shares		3
Total consideration	$	118,068
Assets acquired:
Cash and due from banks	$	4,988
Interest-bearing deposits in banks		26,435
Securities available for sale		6,847
Loans held for investment, net		623,926
Premises and equipment, net		923
Bank-owned life insurance		11,214
Core deposit intangible (10 year life)		4,980
Deferred tax asset, net		840
Other assets		5,433
Total assets acquired		685,586
Liabilities assumed:
Noninterest-bearing deposits		92,315
Interest-bearing deposits		503,530
Short-term borrowings		15,000
Accrued expenses and other liabilities		3,950
Total liabilities assumed		614,795
Preliminary fair value of net assets acquired		70,791
Preliminary goodwill recorded in acquisition	$	47,277

Fair Value and Unpaid Principal Balance of Acquired Loans

The following table includes the fair value and unpaid principal balance of the acquired loans on the April 1, 2026 acquisition date (dollars in thousands):

	Unpaid Principal Balance		Premium (Discount)			ACL on Acquired Loans			Fair Value of Acquired Loans
PCD loans	$	89,004	$	(1,579	)	$	(3,173	)	$	84,252
PSLs		543,503		1,471			(5,300	)		539,674
	$	632,507	$	(108	)	$	(8,473	)	$	623,926

Pro Forma Information

Information for the three and six months ended June 30, 2026 reflects the actual results of the Company, excluding merger costs, and the actual results of BOH for the three months ended March 31, 2026, excluding merger costs and including amortization of intangible assets. Information for the three and six months ended June 30, 2025, includes BOH’s actual results for those periods and reflects adjustments related to the amortization of intangible assets.

	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)	2026		2025		2026		2025
Total revenue(1)	$	47,588	$	46,068	$	132,997	$	131,951
Net income		18,074		14,925		38,784		38,545

(1) Total revenue is defined as the sum of net interest income plus non-interest income.