Bank of Hawaii Corporation Financial Statements (Tables)

12 Months Ended

Dec. 31, 2021

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Statements of Income

Condensed Statements of Comprehensive Income

	Year Ended December 31,
(dollars in thousands)	2021			2020			2019
Income
Dividends from Bank of Hawaii	$	62,000		$	134,000		$	220,000
Investment Securities Gains (Losses), Net		(948	)		13,336			(850	)
Other Income and Interest on Investment		6			154			261
Total Income		61,058			147,490			219,411
Noninterest Expense
Intercompany Salaries and Services		764			758			768
Other Expenses		1,787			1,864			1,682
Total Noninterest Expense		2,551			2,622			2,450
Income Before Income Tax Benefit and Equity in Undistributed Income    of Subsidiaries		58,507			144,868			216,961
Income Tax Benefit (Expense)		2,131			(2,395	)		1,818
Equity in Undistributed Income of Subsidiaries		192,734			11,331			7,134
Net Income	$	253,372		$	153,804		$	225,913
Comprehensive Income	$	179,168		$	192,738		$	245,844

Schedule of Condensed Statements of Condition

Condensed Statements of Condition

(dollars in thousands)	December 31, 2021		December 31, 2020
Assets
Cash with Bank of Hawaii	$	6,376	$	66,704
Investment Securities Held-to-Maturity		2,500		2,501
Goodwill		14,129		14,129
Other Assets		14,130		12,305
Equity in Net Assets of Subsidiaries		1,586,473		1,290,455
Total Assets	$	1,623,608	$	1,386,094
Liabilities
Income Taxes Payable	$	38	$	974
Other Liabilities		11,959		10,613
Total Liabilities		11,997		11,587
Shareholders' Equity		1,611,611		1,374,507
Total Liabilities and Shareholders' Equity	$	1,623,608	$	1,386,094

Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

	Year Ended December 31,
(dollars in thousands)	2021			2020			2019
Operating Activities
Net Income	$	253,372		$	153,804		$	225,913
Adjustments to Reconcile Net Income to Net Cash Provided by    Operating Activities:
Share-Based Compensation		779			795			760
Net (Gains) Losses on Sales of Investment Securities		948			(13,336	)		850
Equity in Undistributed Income of Subsidiaries		(192,734	)		(11,331	)		(7,134	)
Net Change in Other Assets and Other Liabilities		(977	)		(68	)		(135	)
Net Cash Provided by Operating Activities		61,388			129,864			220,254
Investing Activities
Capital Contributions to the Bank		(165,000	)		—			—
Proceeds from (Expenses related to) Sales of Investment Securities		(948	)		18,336			4,259
Purchase of Investment Securities Held-to-Maturity		—			(2,501	)		(4,933	)
Net Cash Provided by (Used in) Investing Activities		(165,948	)		15,835			(674	)
Financing Activities
Proceeds from Issuance of Common Stock		13,611			9,389			7,872
Proceeds from Issuance of Preferred Stock		175,487			—			—
Repurchase of Common Stock		(31,258	)		(18,006	)		(137,649	)
Cash Dividends Paid Common Stock		(110,633	)		(107,434	)		(105,478	)
Cash Dividends Paid Preferred Stock		(2,975	)		—			—
Net Cash Provided by (Used in) Financing Activities		44,232			(116,051	)		(235,255	)
Net Change in Cash and Cash Equivalents		(60,328	)		29,648			(15,675	)
Cash and Cash Equivalents at Beginning of Period		66,704			37,056			52,731
Cash and Cash Equivalents at End of Period	$	6,376		$	66,704		$	37,056