XML 33 R16.htm IDEA: XBRL DOCUMENT v3.25.1
GOODWILL
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL GOODWILL
Goodwill represents the excess of cost over the fair value of identifiable net assets of acquired businesses. Goodwill has an indefinite useful life and is not amortized, but instead is tested for impairment annually in the fourth quarter of each fiscal year, or more frequently if events or circumstances indicate that impairment may have occurred. Goodwill is included in other assets in the consolidated statements of financial position. Following the 2024 Restructuring, with the deconsolidation of Oaktree Capital I, BOH no longer reports goodwill of Oaktree Capital I effective July 1, 2024.
The carrying value of goodwill was $18.4 million as of December 31, 2023, and is included in other assets in the consolidated statements of financial condition.