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Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

In accordance with the SEC’s disclosure requirements regarding pay versus performance, or PVP, this section presents the SEC-defined “Compensation Actually Paid,” or CAP. Also required by the SEC, this section compares CAP to various measures used to gauge performance.



										Value of Initial Fixed $100 Investment Based On:
Year		Summary Compensation Table Total for PEO ($) (1)		Compensation Actually Paid to PEO ($) (1)		Average Summary Compensation Table Total for Non-PEO Named Executive Officers ($) (2)		Average Compensation Actually Paid to Non-PEO Named Executive Officers ($) (2)		Total Shareholder Return ($)		Peer Group Total Shareholder Return ($) (3)		Net Income ($)		Return-on-Common Equity (%) (4)

2024		4,285,301		4,360,536		1,384,490		919,052		92		114		149,994,000		10.85%
2023		4,627,918		4,381,686		1,540,927		1,701,848		89		94		171,202,000		13.89%
2022		6,056,524		5,674,791		2,661,358		2,487,102		91		107		225,804,000		17.83%
2021		7,339,234		8,082,521		3,143,609		3,227,437		95		131		253,372,000		17.92%
2020		4,248,492		3,003,245		1,463,462		1,166,693		84		93		153,804,000		11.56%

(1)

Reflects compensation for our Chairman and Chief Executive Officer, Peter S. Ho, who served as our Principal Executive Officer (PEO) in 2020, 2021, 2022. 2023, and 2024.

(2)

Reflects compensation for Dean Y. Shigemura, Sharon M. Crofts, James C. Polk, Mary E. Sellers, and Mark A. Rossi in 2020; Dean Y. Shigemura, Sharon M. Crofts, James C. Polk, and Mary E. Sellers in 2021; and Dean Y. Shigemura, Marco A. Abbruzzese, James C. Polk, and Mary E. Sellers in 2022; Dean Y. Shigemura, Marco A. Abbruzzese, Matthew K.M. Emerson, and S. Bradley Shairson in 2023; and Dean Y. Shigemura, Patrick M. McGuirk, S. Bradley Shairson, and James C. Polk in 2024, as shown in the Summary Compensation Table for each respective year.

(3)

Peer Group used for TSR comparisons reflects the S&P Supercomposite Regional Bank Index.

(4)

Return-on-Common-Equity is generally defined as the net income available to common shareholders as a percent of average common equity.

Company Selected Measure Name

Return-on-Common-Equity

Named Executive Officers, Footnote

(1)

Reflects compensation for our Chairman and Chief Executive Officer, Peter S. Ho, who served as our Principal Executive Officer (PEO) in 2020, 2021, 2022. 2023, and 2024.

Reflects compensation for Dean Y. Shigemura, Sharon M. Crofts, James C. Polk, Mary E. Sellers, and Mark A. Rossi in 2020; Dean Y. Shigemura, Sharon M. Crofts, James C. Polk, and Mary E. Sellers in 2021; and Dean Y. Shigemura, Marco A. Abbruzzese, James C. Polk, and Mary E. Sellers in 2022; Dean Y. Shigemura, Marco A. Abbruzzese, Matthew K.M. Emerson, and S. Bradley Shairson in 2023; and Dean Y. Shigemura, Patrick M. McGuirk, S. Bradley Shairson, and James C. Polk in 2024, as shown in the Summary Compensation Table for each respective year.

Peer Group Issuers, Footnote

(3)

Peer Group used for TSR comparisons reflects the S&P Supercomposite Regional Bank Index.

PEO Total Compensation Amount

$ 4,285,301

$ 4,627,918

$ 6,056,524

$ 7,339,234

$ 4,248,492

PEO Actually Paid Compensation Amount

$ 4,360,536

4,381,686

5,674,791

8,082,521

3,003,245

Adjustment To PEO Compensation, Footnote

To calculate “compensation actually paid” for our CEO and other NEOs, the following adjustments were made to the Summary Compensation Table total pay.



		PEO ($)										Other NEO Average ($)
Adjustments (1)		2024		2023		2022		2021		2020		2024		2023		2022		2021		2020

Summary Compensation Table Total		4,285,301		4,627,918		6,056,524		7,339,234		4,248,492		1,384,490		1,540,927		2,661,358		3,143,609		1,463,462

Deduction for amount reported in “Stock Awards” column of the Summary Compensation Table		(1,800,014)		(3,000,067)		(3,000,075)		(4,211,668)		(2,500,060)		(442,514)		(750,079)		(1,350,055)		(2,003,242)		(540,023)


Addition of fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding		2,095,311		2,893,835		2,665,970		3,959,251		2,140,993		501,939		916,492		1,190,982		1,824,565		462,463


Change in fair value at FY end versus prior FY end for awards granted in prior FY that remained outstanding		(90,658)		(389,222)		(449,810)		389,023		(979,172)		(417,227)		(59,815)		(139,071)		96,406		(217,007)


Change in fair value at vesting date versus prior FY end for awards granted in prior FY that vested during the FY		(418,611)		(75,927)		102,798		327,875		(120,582)		(206,040)		(9,017)		18,085		79,758		(45,446)


Addition in respect of any dividends or other earnings paid during applicable FY prior to vesting date of underlying award		290,422		325,514		299,384		278,806		216,429		98,404		63,340		105,803		86,341		44,648


Deduction for values reported in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column of the Summary Compensation Table		(1,215)		(365)		-		-		(2,855)		-		-		-		-		(1,404)


Compensation Actually Paid		4,360,536		4,381,686		5,674,791		8,082,521		3,003,245		919,052		1,701,848		2,487,102		3,227,437		1,166,693

(1)

Measurement date equity fair values are calculated with assumptions derived on a basis consistent with those used for grant date fair value purposes.

Non-PEO NEO Average Total Compensation Amount

$ 1,384,490

1,540,927

2,661,358

3,143,609

1,463,462

Non-PEO NEO Average Compensation Actually Paid Amount

$ 919,052

1,701,848

2,487,102

3,227,437

1,166,693

Adjustment to Non-PEO NEO Compensation Footnote

To calculate “compensation actually paid” for our CEO and other NEOs, the following adjustments were made to the Summary Compensation Table total pay.



		PEO ($)										Other NEO Average ($)
Adjustments (1)		2024		2023		2022		2021		2020		2024		2023		2022		2021		2020

Summary Compensation Table Total		4,285,301		4,627,918		6,056,524		7,339,234		4,248,492		1,384,490		1,540,927		2,661,358		3,143,609		1,463,462

Deduction for amount reported in “Stock Awards” column of the Summary Compensation Table		(1,800,014)		(3,000,067)		(3,000,075)		(4,211,668)		(2,500,060)		(442,514)		(750,079)		(1,350,055)		(2,003,242)		(540,023)


Addition of fair value at fiscal year (FY) end, of equity awards granted during the FY that remained outstanding		2,095,311		2,893,835		2,665,970		3,959,251		2,140,993		501,939		916,492		1,190,982		1,824,565		462,463


Change in fair value at FY end versus prior FY end for awards granted in prior FY that remained outstanding		(90,658)		(389,222)		(449,810)		389,023		(979,172)		(417,227)		(59,815)		(139,071)		96,406		(217,007)


Change in fair value at vesting date versus prior FY end for awards granted in prior FY that vested during the FY		(418,611)		(75,927)		102,798		327,875		(120,582)		(206,040)		(9,017)		18,085		79,758		(45,446)


Addition in respect of any dividends or other earnings paid during applicable FY prior to vesting date of underlying award		290,422		325,514		299,384		278,806		216,429		98,404		63,340		105,803		86,341		44,648


Deduction for values reported in the “Change in Pension Value and Nonqualified Deferred Compensation Earnings” column of the Summary Compensation Table		(1,215)		(365)		-		-		(2,855)		-		-		-		-		(1,404)


Compensation Actually Paid		4,360,536		4,381,686		5,674,791		8,082,521		3,003,245		919,052		1,701,848		2,487,102		3,227,437		1,166,693

(1)

Measurement date equity fair values are calculated with assumptions derived on a basis consistent with those used for grant date fair value purposes.

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Compensation Actually Paid vs. Company Selected Measure

Tabular List, Table

The four items listed below represent the performance measures we believe are most important in linking compensation actually paid to company performance during 2024.

1.

Non-Performing Assets

2.

Pre-Provision Net Revenue

3.

Relative Total Shareholder Return

4.

Return on Common Equity

Total Shareholder Return Amount

$ 92

89

91

95

84

Peer Group Total Shareholder Return Amount

114

94

107

131

93

Net Income (Loss)

$ 149,994,000

$ 171,202,000

$ 225,804,000

$ 253,372,000

$ 153,804,000

Company Selected Measure Amount

10.85

13.89

17.83

17.92

11.56

Peter S. Ho

Peter S. Ho

Peter S. Ho

Peter S. Ho

Peter S. Ho

Pay vs Performance Disclosure

Non-Performing Assets

Non-GAAP Measure Description

(4)

Return-on-Common-Equity is generally defined as the net income available to common shareholders as a percent of average common equity.

Pay vs Performance Disclosure

Pre-Provision Net Revenue

Pay vs Performance Disclosure

Relative Total Shareholder Return

Pay vs Performance Disclosure

Return on Common Equity

PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (1,215)

$ (365)

$ (2,855)

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,800,014)

(3,000,067)

$ (3,000,075)

$ (4,211,668)

(2,500,060)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

2,095,311

2,893,835

2,665,970

3,959,251

2,140,993

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(90,658)

(389,222)

(449,810)

389,023

(979,172)

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(418,611)

(75,927)

102,798

327,875

(120,582)

PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

290,422

325,514

299,384

278,806

216,429

Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,404)

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(442,514)

(750,079)

(1,350,055)

(2,003,242)

(540,023)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

501,939

916,492

1,190,982

1,824,565

462,463

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(417,227)

(59,815)

(139,071)

96,406

(217,007)

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(206,040)

(9,017)

18,085

79,758

(45,446)

Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 98,404

$ 63,340

$ 105,803

$ 86,341

$ 44,648