Bank of Hawaii Corporation Financial Statements (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Schedule of condensed statements of income

Condensed Statements of Comprehensive Income

	Year Ended December 31,
(dollars in thousands)	2019			2018			2017
Income
Dividends from Bank of Hawaii	$	220,000		$	185,000		$	130,000
Investment Securities Gains (Losses), Net	(850		)	(819		)	12,027
Other Income	261			198			204
Total Income	219,411			184,379			142,231
Noninterest Expense
Intercompany Salaries and Services	768			734			720
Other Expenses	1,682			1,701			1,401
Total Noninterest Expense	2,450			2,435			2,121
Income Before Income Tax Benefit and Equity in Undistributed Income of Subsidiaries	216,961			181,944			140,110
Income Tax Benefit (Expense)	1,818			2,229			(3,557		)
Equity in Undistributed Income of Subsidiaries	7,134			35,429			48,119
Net Income	$	225,913		$	219,602		$	184,672
Comprehensive Income	$	245,844		$	210,751		$	183,863

Schedule of condensed statements of condition

Condensed Statements of Condition

(dollars in thousands)	December 31, 2019		December 31, 2018
Assets
Cash with Bank of Hawaii	$	37,056	$	52,731
Investment Securities Held-to-Maturity	4,974		4,999
Goodwill	14,129		14,129
Income Taxes Receivable and Deferred Tax Assets	1,979		1,520
Other Assets	10,422		8,468
Equity in Net Assets of Subsidiaries	1,229,775		1,195,132
Total Assets	$	1,298,335	$	1,276,979
Liabilities
Income Taxes Payable	$	58	$	60
Other Liabilities	11,445		8,719
Total Liabilities	11,503		8,779
Shareholders' Equity	1,286,832		1,268,200
Total Liabilities and Shareholders' Equity	$	1,298,335	$	1,276,979

Schedule of condensed statements of cash flows

Condensed Statements of Cash Flows

	Year Ended December 31,
(dollars in thousands)	2019			2018			2017
Operating Activities
Net Income	$	225,913		$	219,602		$	184,672
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Share-Based Compensation	760			630			573
Net (Gains) Losses on Sales of Investment Securities	850			819			(12,027		)
Equity in Undistributed Income of Subsidiaries	(7,134		)	(35,429		)	(48,119		)
Net Change in Other Assets and Other Liabilities	(135		)	870			(6,477		)
Net Cash Provided by Operating Activities	220,254			186,492			118,622
Investing Activities
Capital Distribution from BOHC Investment Fund LLC	—			—			613
Capital Contributions to the Bank	—			—			(12,467		)
Proceeds from (Expenses related to) Sales of Investment Securities	4,259			(819		)	12,027
Purchase of Investment Securities Held-to-Maturity	(4,933		)	—			—
Net Cash Provided by (Used in) Investing Activities	(674		)	(819		)	173
Financing Activities
Proceeds from Issuance of Common Stock	7,872			7,873			13,101
Repurchase of Common Stock	(137,649		)	(91,988		)	(47,076		)
Cash Dividends Paid	(105,478		)	(98,496		)	(87,066		)
Net Cash Used in Financing Activities	(235,255		)	(182,611		)	(121,041		)
Net Change in Cash and Cash Equivalents	(15,675		)	3,062			(2,246		)
Cash and Cash Equivalents at Beginning of Period	52,731			49,669			51,915
Cash and Cash Equivalents at End of Period	$	37,056		$	52,731		$	49,669