Bank of Hawai‘i Corporation Financial Statements (Tables)

12 Months Ended

Dec. 31, 2022

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Statements of Income (Loss)

Condensed Statements of Comprehensive Income (Loss)

	Year Ended December 31,
(dollars in thousands)	2022			2021			2020
Income
Dividends from Bank of Hawai‘i	$	182,000		$	62,000		$	134,000
Investment Securities Gains (Losses), Net		(1,195	)		(948	)		13,336
Other Income and Interest on Investment		6			6			154
Total Income		180,811			61,058			147,490
Noninterest Expense
Intercompany Salaries and Services		1,121			764			758
Other Expenses		2,240			1,787			1,864
Total Noninterest Expense		3,361			2,551			2,622
Income Before Income Tax Benefit and Equity in Undistributed Income    of Subsidiaries		177,450			58,507			144,868
Income Tax Benefit (Expense)		2,036			2,131			(2,395	)
Equity in Undistributed Income of Subsidiaries		46,318			192,734			11,331
Net Income	$	225,804		$	253,372		$	153,804
Comprehensive Income (Loss)	$	(142,472	)	$	179,168		$	192,738

Schedule of Condensed Statements of Condition

Condensed Statements of Condition

(dollars in thousands)	December 31, 2022		December 31, 2021
Assets
Cash with Bank of Hawai‘i	$	19,147	$	6,376
Investment Securities Held-to-Maturity		2,500		2,500
Goodwill		14,129		14,129
Other Assets		11,596		14,130
Equity in Net Assets of Subsidiaries		1,279,736		1,586,473
Total Assets	$	1,327,108	$	1,623,608
Liabilities
Income Taxes Payable	$	349	$	38
Other Liabilities		9,764		11,959
Total Liabilities		10,113		11,997
Shareholders' Equity		1,316,995		1,611,611
Total Liabilities and Shareholders' Equity	$	1,327,108	$	1,623,608

Schedule of Condensed Statements of Cash Flows

Condensed Statements of Cash Flows

	Year Ended December 31,
(dollars in thousands)	2022			2021			2020
Operating Activities
Net Income	$	225,804		$	253,372		$	153,804
Adjustments to Reconcile Net Income to Net Cash Provided by    Operating Activities:
Share-Based Compensation		847			779			795
Net (Gains) Losses on Sales of Investment Securities		1,195			948			(13,336	)
Equity in Undistributed Income of Subsidiaries		(46,318	)		(192,734	)		(11,331	)
Net Change in Other Assets and Other Liabilities		1,138			(977	)		(68	)
Net Cash Provided by Operating Activities		182,666			61,388			129,864
Investing Activities
Capital Contributions to the Bank of Hawai‘i		—			(165,000	)		—
Proceeds from (Expenses related to) Sales of Investment Securities		(1,195	)		(948	)		18,336
Purchase of Investment Securities Held-to-Maturity		—			—			(2,501	)
Net Cash Provided by (Used in) Investing Activities		(1,195	)		(165,948	)		15,835
Financing Activities
Proceeds from Issuance of Common Stock		6,797			13,611			9,389
Proceeds from Issuance of Preferred Stock		—			175,487			—
Repurchase of Common Stock		(55,063	)		(31,258	)		(18,006	)
Cash Dividends Paid Common Stock		(112,557	)		(110,633	)		(107,434	)
Cash Dividends Paid Preferred Stock		(7,877	)		(2,975	)		—
Net Cash Provided by (Used in) Financing Activities		(168,700	)		44,232			(116,051	)
Net Change in Cash and Cash Equivalents		12,771			(60,328	)		29,648
Cash and Cash Equivalents at Beginning of Period		6,376			66,704			37,056
Cash and Cash Equivalents at End of Period	$	19,147		$	6,376		$	66,704