Bank of Hawaii Corporation Third Quarter 2012 Financial Results

  Bank of Hawaii Corporation Third Quarter 2012 Financial Results

  *Diluted Earnings Per Share $0.92
  *Net Income for the Quarter $41.2 Million
  *Board of Directors Declares Dividend of $0.45 Per Share

Business Wire

HONOLULU -- October 22, 2012

Bank of Hawaii Corporation (NYSE: BOH) today reported diluted earnings per
share of $0.92 for the third quarter of 2012, up $0.02 from diluted earnings
per share of $0.90 in the second quarter of 2012 and unchanged from diluted
earnings per share of $0.92 in the third quarter of 2011. Net income for the
third quarter was $41.2 million, up $0.5 million compared to net income of
$40.7 million in the previous quarter, and down $2.1 million from net income
of $43.3 million in the same quarter last year.

Loans grew 2.0 percent during the third quarter with loan and lease balances
increasing to $5.78 billion at September 30, 2012. Total deposits declined
during the third quarter of 2012 due to management’s planned reduction in
government time deposits. The net interest margin remained stable at 2.98
percent. The allowance for loan and lease losses decreased by $1.5 million to
$131.0 million and represented 2.27 percent of outstanding loans and leases at
September 30, 2012.

"Bank of Hawaii Corporation had good results for the third quarter of 2012,"
said Peter S. Ho, Chairman, President, and CEO. “We were pleased to see the
growth in total loans this quarter and strong mortgage banking results. Our
overall credit quality is improving, which allowed us to further reduce our
reserves. Capital continues to be strong.”

The return on average assets for the third quarter of 2012 was 1.22 percent,
up from 1.19 percent in the second quarter of 2012. The return on average
equity for the third quarter was 16.02 percent compared to 16.19 percent for
the previous quarter. The efficiency ratio for the third quarter of 2012 was
58.13 percent compared to 56.77 percent in the previous quarter.

For the nine months ended September 30, 2012, net income was $125.8 million,
up $5.0 million compared to net income of $120.8 million for the same period
last year. Diluted earnings per share were $2.77 for the nine-month period in
2012, up $0.23 from diluted earnings per share of $2.54 for the same period in
2011. The year-to-date return on average assets was 1.23 percent compared to
1.24 percent for the same period in 2011. The year-to-date return on average
equity was 16.49 percent, up from 15.85 percent for the nine months ended
September 30, 2011. The efficiency ratio for the nine-month period ended
September 30, 2012 was 57.76 percent, down from 58.86 percent for the same
period last year.

Results for the nine months ended September 30, 2012 included a gain of $3.5
million on the early termination of leveraged leases for two cargo ships
offset by a loss of $1.0 million on the sale of an aircraft lease, expenses of
$1.2 million for the final phase of a refresh of the Company’s personal
computers, and expenses of $1.0 million related to the launch of a new
consumer credit card product. Results for the same period in 2011 included net
gains of $6.1 million on the sales of investment securities and a gain of $2.0
million related to a contingent payment from the sale of the Company’s
proprietary mutual funds in 2010. These gains were offset by a litigation
settlement of $9.0 million and a $2.0 million donation to the Bank of Hawaii
Foundation.

Financial Highlights

Net interest income, on a taxable-equivalent basis, for the third quarter of
2012 was $96.2 million, down $1.7 million from net interest income of $97.9
million in the second quarter of 2012, and down $0.9 million from net interest
income of $97.1 million in the third quarter of 2011. For the nine months
ended September 30, 2012, net interest income, on a taxable-equivalent basis,
was $294.0 million compared to $295.1 million for the same period in 2011.
Analyses of the changes in net interest income are included in Tables 8a, 8b
and 8c.

The net interest margin was 2.98 percent for the third quarter of 2012,
unchanged from the second quarter of 2012, and down 11 basis points from the
net interest margin of 3.09 percent in the third quarter of 2011. For the nine
months ended September 30, 2012, the net interest margin was 3.01 percent
compared to 3.16 percent for the same nine months in 2011.

During the third quarter of 2012 the Company did not record a provision for
credit losses, although net charge-offs were $1.5 million during the quarter.
During the second quarter of 2012 the provision for credit losses was $0.6
million, or $3.2 million less than net charge-offs. During the third quarter
of 2011 the provision for credit losses was $2.2 million, or $1.6 million less
than net charge-offs. For the nine months ended September 30, 2012, the
provision for credit losses was $1.0 million compared to $10.5 million for the
same period in 2011.

Noninterest income was $52.4 million for the third quarter of 2012; an
increase of $5.5 million compared to noninterest income of $46.8 million in
the second quarter of 2012, and was up $1.5 million from noninterest income of
$50.9 million in the third quarter of 2011. Mortgage banking produced
noninterest income of $11.7 million in the third quarter of 2012 compared to
$7.6 million in the second quarter of 2012 and $5.5 million in the third
quarter last year. There were no significant nonrecurring noninterest income
items during the third quarter or second quarter of 2012. Noninterest income
in the third quarter of 2011 included a $2.0 million gain related to a
contingent payment from the sale of the Company’s proprietary mutual funds in
2010.

Noninterest expense was $84.9 million in the third quarter of 2012, up $4.1
million from noninterest expense of $80.7 million in the previous quarter, and
up $0.9 million from noninterest expense of $84.0 million in the same quarter
last year. Noninterest expense in the third quarter of 2012 included an
increase in profit sharing and incentive accruals of $1.0 million, which is
based in part on higher overall earnings, expenses of $1.0 million related to
the launch of a new consumer credit card product, and $1.0 million in
separation expense. In addition, mortgage banking expenses, including overtime
and commissions were elevated due to the increased mortgage banking activity.
There were no significant nonrecurring noninterest expense items during the
second quarter of 2012. Noninterest expense in the third quarter of 2011
included a donation of $2.0 million to the Bank of Hawaii Foundation. An
analysis of salary and benefit expenses is included in Table 9.

The effective tax rate for the third quarter of 2012 was 32.55 percent
compared to 33.04 percent in the previous quarter and 29.58 percent in the
same quarter last year. The effective tax rate for the nine-month period ended
September 30, 2012 was 31.06 percent compared to 30.54 percent for the same
period last year.

The Company’s business segments are defined as Retail Banking, Commercial
Banking, Investment Services, and Treasury & Other. Results are determined
based on the Company’s internal financial management reporting process and
organizational structure. Selected financial information for the business
segments is included in Tables 13a and 13b.

Asset Quality

The Company’s overall asset quality continued to improve during the third
quarter of 2012. Total non-performing assets were $40.3 million at September
30, 2012, down from $41.5 million at June 30, 2012. Non-performing assets
remain elevated above historical levels due to the lengthy judiciary
foreclosure process for residential mortgage loans. As a percentage of total
loans and leases and foreclosed real estate, non-performing assets were 0.70
percent at September 30, 2012, down from 0.73 percent at June 30, 2012 and
0.71 percent at September 30, 2011.

Accruing loans and leases past due 90 days or more were $7.5 million at
September 30, 2012, up slightly from $7.2 million at June 30, 2012 and down
from $10.9 million at September 30, 2011. Restructured loans not included in
non-accrual loans or accruing loans past due 90 days or more were $31.4
million at September 30, 2012, up slightly from $31.1 million at June 30, 2012
and down from $33.1 million at September 30, 2011. Restructured loans are
primarily comprised of residential mortgage loans with lowered monthly
payments to accommodate the borrowers’ financial needs for a period of time.
More information on non-performing assets and accruing loans and leases past
due 90 days or more is presented in Table 11.

Net loans and leases charged off during the third quarter of 2012 were $1.5
million or 0.10 percent annualized of total average loans and leases
outstanding. Loan and lease charge-offs of $5.0 million during the quarter
were partially offset by recoveries of $3.6 million. Net charge-offs in the
second quarter of 2012 were $3.8 million, or 0.27 percent annualized of total
average loans and leases outstanding, and comprised of $5.9 million in
charge-offs partially offset by recoveries of $2.1 million. Net charge-offs
during the third quarter of 2011 were $3.7 million or 0.28 percent annualized
of total average loans and leases outstanding, and comprised of $10.8 million
in charge-offs partially offset by recoveries of $7.0 million. Net charge-offs
during the nine months ended September 30, 2012 were $8.6 million or 0.20
percent annualized compared to $14.4 million or 0.36 percent annualized for
the same period in 2011.

The allowance for loan and lease losses was $131.0 million at September 30,
2012, down $1.5 million from the allowance for loan and lease losses of $132.4
million at June 30, 2012 and $143.4 million at September 30, 2011. The ratio
of the allowance for loan and lease losses to total loans and leases was 2.27
percent at September 30, 2012, down from 2.34 percent at June 30, 2012 and
2.68 percent at September 30, 2011. The reserve for unfunded commitments at
September 30, 2012 was unchanged at $5.4 million. Details of loan and lease
charge-offs, recoveries, and the components of the total reserve for credit
losses are summarized in Table 12.

Other Financial Highlights

Total assets were $13.38 billion at September 30, 2012, down from total assets
of $13.92 billion at June 30, 2012, and up from $13.30 billion at September
30, 2011. Average total assets were $13.49 billion during the third quarter of
2012, down from average assets of $13.75 billion during the previous quarter,
and up from $13.13 billion during the third quarter last year.

Total loans and leases were $5.78 billion at September 30, 2012, up from $5.67
billion at June 30, 2012, and up from $5.35 billion at September 30, 2011 with
growth in all categories except lease financing and residential lending.
Average total loans and leases were $5.72 billion during the third quarter of
2012, up from $5.64 billion during the previous quarter, and up from $5.34
billion during the third quarter last year. Loan and lease portfolio balances,
including the higher risk loans outstanding, are summarized in Table 10.

Consumer and commercial deposits remained stable during the third quarter of
2012. Total deposit balances declined to $11.22 billion at September 30, 2012
primarily due to the previously mentioned decrease in public time deposits.
Average total deposits were $11.30 billion in the third quarter of 2012, up
from average deposits of $10.62 billion during the previous quarter, and up
from $9.87 billion during the third quarter last year. Deposit balances are
summarized in Tables 7a, 7b, and 10.

As a result of the reduction in deposits and increase in loans, the investment
securities portfolio decreased to $6.60 billion at September 30, 2012,
compared to $7.07 billion at June 30, 2012, and $6.97 billion at September 30,
2011.

During the third quarter of 2012, the Company repurchased 312.9 thousand
shares of common stock at a total cost of $14.5 million under its share
repurchase program. The average cost was $46.62 per share repurchased. From
the beginning of the share repurchase program initiated during July 2001
through September 30, 2012, the Company has repurchased 49.9 million shares
and returned over $1.8 billion to shareholders at an average cost of $36.28
per share. From October 1 through October 19, 2012, the Company repurchased an
additional 87.5 thousand shares of common stock at an average cost of $44.83
per share repurchased. Remaining buyback authority under the share repurchase
program was $80.5 million at October 19, 2012.

Total shareholders’ equity was $1.02 billion at September 30, 2012, up from
$1.00 billion at June 30, 2012 and relatively unchanged from September 30,
2011. The ratio of tangible common equity to risk-weighted assets was 17.43
percent at September 30, 2012, compared to 17.57 percent at June 30, 2012 and
18.90 percent at September 30, 2011. The Tier 1 leverage ratio at September
30, 2012 was 6.78 percent, up from 6.57 percent at June 30, 2012 and down from
6.95 percent at September 30, 2011.

The Company’s Board of Directors declared a quarterly cash dividend of $0.45
per share on the Company’s outstanding shares. The dividend will be payable on
December 14, 2012 to shareholders of record at the close of business on
November 30, 2012.

Hawaii Economy

Hawaii’s economy continued to improve during the third quarter of 2012
primarily due to increasing visitor arrivals and spending. For the first eight
months of 2012, total visitor arrivals increased 10.0 percent and visitor
spending increased by 20.0 percent compared to the same period in 2011. The
most significant growth continues to come from international markets. During
2012, hotel occupancy and revenue per available room also continued to
improve. The statewide seasonally adjusted unemployment rate declined to 5.7%
in September 2012, compared to 7.8% nationally. The median sales price for
single-family homes and condominiums as well as closed sales on Oahu have
increased through August 2012 compared to the prior year.

Conference Call Information

The Company will review its third quarter 2012 financial results today at 8:00
a.m. Hawaii Time. The conference call will be accessible via teleconference
and the Investor Relations link of Bank of Hawaii Corporation’s web site,
www.boh.com. Conference call participants in the United States should dial
888-299-8538 and international participants should dial 617-786-2902. Use the
pass code “Bank of Hawaii” to access the call. A replay of the call will be
available for one week beginning Monday, October 22, 2012 by dialing
888-286-8010 in the United States or 617-801-6888 internationally and entering
the pass code number 71907319 when prompted. A replay will also be available
via the Investor Relations link of the Company’s web site, www.boh.com.

Forward-Looking Statements

This news release, and other statements made by the Company in connection with
it may contain "forward-looking statements", such as forecasts of our
financial results and condition, expectations for our operations and business
prospects, and our assumptions used in those forecasts and expectations. Do
not unduly rely on forward-looking statements. Actual results might differ
significantly from our forecasts and expectations because of a variety of
factors. More information about these factors is contained in Bank of Hawaii
Corporation's Annual Report on Form 10-K for the year ended December 31, 2011,
which was filed with the U.S. Securities and Exchange Commission. We have not
committed to update forward-looking statements to reflect later events or
circumstances.

Bank of Hawaii Corporation is a regional financial services company serving
businesses, consumers, and governments in Hawaii, American Samoa, and the West
Pacific. The Company’s principal subsidiary, Bank of Hawaii, was founded in
1897 and is the largest independent financial institution in Hawaii. For more
information about Bank of Hawaii Corporation, see the Company’s web site,
www.boh.com.

Bank of Hawaii Corporation and Subsidiaries
Financial Highlights                                                        Table 1a
                Three Months Ended                           Nine Months Ended
                 September      June 30,       September      September 30,
                 30,                           30,
(dollars in
thousands,      2012          2012          2011          2012          2011
except per
share amounts)
For the
Period:
Operating
Results
Net Interest     $ 93,632       $ 95,381       $ 96,766       $ 286,961      $ 293,962
Income
Provision for      -              628            2,180          979            10,471
Credit Losses
Total
Noninterest        52,374         46,848         50,863         147,304        154,248
Income
Total
Noninterest        84,878         80,747         83,955         250,832        263,811
Expense
Net Income         41,232         40,747         43,306         125,789        120,814
Basic Earnings     0.92           0.90           0.93           2.78           2.55
Per Share
Diluted
Earnings Per       0.92           0.90           0.92           2.77           2.54
Share
Dividends
Declared Per       0.45           0.45           0.45           1.35           1.35
Share
                                                                                          
Performance
Ratios
Return on          1.22       %   1.19       %   1.31       %   1.23       %   1.24       %
Average Assets
Return on
Average            16.02          16.19          16.80          16.49          15.85
Shareholders'
Equity
Efficiency         58.13          56.77          56.87          57.76          58.86
Ratio ^1
Net Interest       2.98           2.98           3.09           3.01           3.16
Margin ^2
Dividend
Payout Ratio       48.91          50.00          48.39          48.56          52.94
^3
Average
Shareholders'      7.59           7.36           7.79           7.47           7.83
Equity to
Average Assets
                                                                                          
Average
Balances
Average Loans    $ 5,716,421    $ 5,641,588    $ 5,340,406    $ 5,640,733    $ 5,326,209
and Leases
Average Assets     13,490,835     13,750,488     13,125,077     13,640,304     13,019,898
Average            11,301,668     10,622,420     9,871,750      10,786,654     9,845,269
Deposits
Average
Shareholders'      1,023,804      1,012,182      1,022,585      1,018,903      1,019,409
Equity
                                                                                          
Market Price
Per Share of
Common Stock
Closing            45.62          45.95          36.40          45.62          36.40
High               48.92          49.99          47.10          49.99          49.26
Low                45.29          44.02          35.30          44.02          35.30
                                                                                          
                                September      June 30,       December 31,   September
                                30,                                          30,
                             2012         2012         2011         2011
As of Period
End:
Balance Sheet
Totals
Loans and                       $ 5,782,304    $ 5,671,483    $ 5,538,304    $ 5,348,472
Leases
Total Assets                      13,382,425     13,915,626     13,846,391     13,304,758
Total Deposits                    11,220,547     11,547,993     10,592,623     10,009,013
Long-Term Debt                    28,065         28,075         30,696         30,705
Total
Shareholders'                     1,024,562      1,003,825      1,002,667      1,017,775
Equity
                                                                                          
Asset Quality
Allowance for
Loan and Lease                  $ 130,971      $ 132,443      $ 138,606      $ 143,410
Losses
Non-Performing                    40,284         41,494         40,790         37,770
Assets
                                                                                          
Financial
Ratios
Allowance to
Loans and                         2.27       %   2.34       %   2.50       %   2.68       %
Leases
Outstanding
Tier 1 Capital                    16.12          16.41          16.68          17.57
Ratio
Total Capital                     17.39          17.67          17.95          18.83
Ratio
Tier 1                            6.78           6.57           6.73           6.95
Leverage Ratio
Total
Shareholders'                     7.66           7.21           7.24           7.65
Equity to
Total Assets
Tangible
Common Equity                     7.44           7.00           7.03           7.43
to Tangible
Assets ^4
Tangible
Common Equity
to                                17.43          17.57          17.93          18.90
Risk-Weighted
Assets ^ 4
                                                                                          
Non-Financial
Data
Full-Time
Equivalent                        2,304          2,312          2,370          2,381
Employees
Branches and                      77             77             81             82
Offices
ATMs                              495            494            506            508
                                                                                          
                                                                                          
^1 Efficiency ratio is defined as noninterest expense divided by total revenue (net
interest income and total noninterest income).
^2 Net interest margin is defined as net interest income, on a taxable-equivalent basis, as
a percentage of average earning assets.
^3 Dividend payout ratio is defined as dividends declared per share divided by basic
earnings per share.
^4 Tangible common equity, a non-GAAP financial measure, is defined by the Company as
shareholders' equity minus goodwill and intangible assets. Intangible assets are included
as a component of other assets in the Consolidated Statements of Condition.


Bank of Hawaii Corporation and Subsidiaries
Reconciliation of Non-GAAP Financial Measures                        Table 1b     
                  September       June 30,        December 31,    September
                   30,                                                30,
(dollars in        2012          2012          2011          2011       
thousands)
                                                                                   
Total
Shareholders'      $ 1,024,562      $ 1,003,825      $ 1,002,667      $ 1,017,775
Equity
Less: Goodwill       31,517           31,517           31,517           31,517
     Intangible   46            58            83            96         
      Assets
Tangible Common   $ 992,999      $ 972,250      $ 971,067      $ 986,162    
Equity
                                                                                   
Total Assets       $ 13,382,425     $ 13,915,626     $ 13,846,391     $ 13,304,758
Less: Goodwill       31,517           31,517           31,517           31,517
     Intangible   46            58            83            96         
      Assets
Tangible Assets   $ 13,350,862   $ 13,884,051   $ 13,814,791   $ 13,273,145 
                                                                                   
Risk-Weighted
Assets,
determined in
accordance with    $ 5,697,581      $ 5,532,285      $ 5,414,481      $ 5,218,651
prescribed
regulatory
requirements
                                                                                   
Total
Shareholders'        7.66       %     7.21       %     7.24       %     7.65       %
Equity to Total
Assets
Tangible Common
Equity to            7.44       %     7.00       %     7.03       %     7.43       %
Tangible Assets
(Non-GAAP)
                                                                                   
Tier 1 Capital       16.12      %     16.41      %     16.68      %     17.57      %
Ratio
Tangible Common
Equity to
Risk-Weighted        17.43      %     17.57      %     17.93      %     18.90      %
Assets
(Non-GAAP)
                                                                                   

Bank of Hawaii Corporation and Subsidiaries
Net Significant Income (Expense) Items                             Table 2
                 Three Months Ended                  Nine Months Ended
                  September  June 30,  September     September 30,
                  30,                    30,
(dollars in      2012       2012        2011      2012      2011   
thousands)
Investment
Securities           -           -          -            -           6,084
Gains, Net
Gain on Mutual       -           -          1,956        -            1,956
Fund Sale
Gains (Losses)
on Disposal of       -           -          -            2,473        -
Leased
Equipment
Decrease in
Allowance for        1,472       3,163      1,566        7,635        3,948
Loan and Lease
Losses
Bank of Hawaii
Charitable           -           -          (2,000 )     -            (2,000 )
Foundation
PC Refresh           -           -          -            (1,163 )     -
Legal
Settlement         -         -        -         -         (9,000 )
Related to OD
Claims
Significant
Income
(Expense) Items
Before the         1,472     3,163    1,522     8,945     988    
Provision
(Benefit) for
Income Taxes
Income Taxes
Impact Related       -           -          -            (2,733 )     -
to Lease
Transactions
Income Tax         515       1,107    533       1,915     346    
Impact
Net Significant
Income           $  957     $  2,056  $  989      $ 9,763    $ 642    
(Expense) Items
                                                                             

Bank of Hawaii Corporation and Subsidiaries
Consolidated Statements of Income                                                 Table 3
                    Three Months Ended                          Nine Months Ended
                     September     June 30,      September      September 30,
                     30,                           30,
(dollars in
thousands, except   2012          2012          2011           2012         2011
per share amounts)
Interest Income                                                                  
Interest and Fees
on Loans and         $ 64,668       $ 63,910       $ 65,344       $ 193,269        $ 197,479
Leases
Income on
Investment
Securities
Available-for-Sale     15,922         16,988         23,097         50,623           84,256
Held-to-Maturity       23,232         25,054         20,344         74,699           48,530
Deposits               3              1              6              6                6
Funds Sold             105            119            160            353              708
Other                283          281          279          844           837
Total Interest       104,213      106,353      109,230      319,794       331,816
Income
Interest Expense
Deposits               2,931          3,219          4,561          9,623            14,585
Securities Sold
Under Agreements       7,185          7,250          7,400          21,739           21,779
to Repurchase
Funds Purchased        7              5              4              17               15
Long-Term Debt       458          498          499          1,454         1,475
Total Interest       10,581       10,972       12,464       32,833        37,854
Expense
Net Interest           93,632         95,381         96,766         286,961          293,962
Income
Provision for        -            628          2,180        979           10,471
Credit Losses
Net Interest
Income After         93,632       94,753       94,586       285,982       283,491
Provision for
Credit Losses
Noninterest Income
Trust and Asset        11,050         11,195         10,788         33,163           34,021
Management
Mortgage Banking       11,745         7,581          5,480          24,376           11,263
Service Charges on     9,346          9,225          9,820          28,162           29,127
Deposit Accounts
Fees, Exchange,
and Other Service      11,907         12,326         16,219         36,632           47,826
Charges
Investment
Securities Gains       13             -              -              (77        )     6,084
(Losses), Net
Insurance              2,326          2,399          2,664          7,003            8,645
Other                5,987        4,122        5,892        18,045        17,282
Total Noninterest    52,374       46,848       50,863       147,304       154,248
Income
Noninterest
Expense
Salaries and           47,231         44,037         44,307         138,292          137,889
Benefits
Net Occupancy          10,524         10,058         11,113         31,098           31,916
Net Equipment          4,523          4,669          4,662          15,018           14,101
Professional Fees      2,494          2,386          2,245          7,012            6,697
FDIC Insurance         1,822          2,088          2,065          5,981            7,319
Other                18,284       17,509       19,563       53,431        65,889
Total Noninterest    84,878       80,747       83,955       250,832       263,811
Expense
Income Before
Provision for          61,128         60,854         61,494         182,454          173,928
Income Taxes
Provision for        19,896       20,107       18,188       56,665        53,114
Income Taxes
Net Income          $ 41,232      $ 40,747      $ 43,306      $ 125,789      $ 120,814
Basic Earnings Per   $ 0.92         $ 0.90         $ 0.93         $ 2.78           $ 2.55
Share
Diluted Earnings     $ 0.92         $ 0.90         $ 0.92         $ 2.77           $ 2.54
Per Share
Dividends Declared   $ 0.45         $ 0.45         $ 0.45         $ 1.35           $ 1.35
Per Share
Basic Weighted         44,913,348     45,221,293     46,806,439     45,280,541       47,358,049
Average Shares
Diluted Weighted     45,050,638   45,347,368   46,934,140   45,421,624    47,531,066
Average Shares
                                                                                     

Bank of Hawaii Corporation and Subsidiaries
Consolidated Statements of Comprehensive Income                     Table 4
                  Three Months Ended                  Nine Months Ended
                    September   June 30,  September    September 30,
                    30,                     30,
(dollars in        2012        2012      2011        2012       2011
thousands)
Net Income          $  41,232    $ 40,747   $  43,306    $ 125,789  $ 120,814
Other
Comprehensive
Income, Net of
Tax:
   Net Unrealized
   Gains on            9,770       3,387       18,611      6,703       18,376
   Investment
   Securities
  Defined           152       153       365       458       1,413
   Benefit Plans
Other
Comprehensive          9,922       3,540       18,976      7,161       19,789
Income
                                                          
Comprehensive      $  51,154   $ 44,287  $  62,282   $ 132,950  $ 140,603
Income
                                                                       

Bank of Hawaii Corporation and Subsidiaries
Consolidated Statements of Condition                                    Table 5      
                     September       June 30,        December 31,    September
                      30,                                                30,
(dollars in           2012          2012          2011          2011       
thousands)
Assets
Interest-Bearing      $ 4,673          $ 3,057          $ 3,036          $ 3,543
Deposits
Funds Sold              251,664          499,338          512,384          242,062
Investment
Securities
Available-for-Sale      3,124,209        3,339,472        3,451,885        4,448,898
Held to Maturity
(Fair Value of
$3,587,997;             3,475,259        3,729,665        3,657,796        2,520,422
$3,828,954;
$3,754,206; and
$2,610,081)
Loans Held for Sale     25,971           14,223           18,957           12,745
Loans and Leases        5,782,304        5,671,483        5,538,304        5,348,472
Allowance for Loan    (130,971   )   (132,443   )   (138,606   )   (143,410   )
and Lease Losses
Net Loans and         5,651,333     5,539,040     5,399,698     5,205,062  
Leases
Total Earning         12,533,109    13,124,795    13,043,756    12,432,732 
Assets
Cash and
Noninterest-Bearing     153,599          131,845          154,489          206,875
Deposits
Premises and            107,144          107,421          103,550          104,509
Equipment
Customers'              242              176              476              749
Acceptances
Accrued Interest        47,192           45,044           43,510           43,319
Receivable
Foreclosed Real         3,067            2,569            3,042            3,341
Estate
Mortgage Servicing      23,980           23,254           24,279           23,990
Rights
Goodwill                31,517           31,517           31,517           31,517
Other Assets          482,575       449,005       441,772       457,726    
Total Assets         $ 13,382,425   $ 13,915,626   $ 13,846,391   $ 13,304,758 
                                                                                      
Liabilities
Deposits
Noninterest-Bearing   $ 2,985,561      $ 3,105,798      $ 2,850,923      $ 2,702,296
Demand
Interest-Bearing        2,034,319        2,063,070        2,005,983        1,745,812
Demand
Savings                 4,480,733        4,435,894        4,398,638        4,449,351
Time                  1,719,934     1,943,231     1,337,079     1,111,554  
Total Deposits        11,220,547    11,547,993    10,592,623    10,009,013 
Funds Purchased         10,942           13,756           10,791           9,882
Short-Term              -                -                -                6,400
Borrowings
Securities Sold
Under Agreements to     818,080          1,065,653        1,925,998        1,929,266
Repurchase
Long-Term Debt          28,065           28,075           30,696           30,705
Banker's                242              176              476              749
Acceptances
Retirement Benefits     41,872           41,812           46,949           30,704
Payable
Accrued Interest        5,997            5,114            5,330            6,751
Payable
Taxes Payable and       94,369           86,095           95,840           114,842
Deferred Taxes
Other Liabilities     137,749       123,127       135,021       148,671    
Total Liabilities     12,357,863    12,911,801    12,843,724    12,286,983 
Shareholders'
Equity
Common Stock ($.01
par value;
authorized
500,000,000 shares;
issued /
outstanding:
September 30, 2012
- 57,315,093 /
45,004,813; June        571              571              571              571
30, 2012 -
57,301,892 /
45,248,277;
December 31, 2011 -
57,134,470 /
45,947,116; and
September 30, 2011
- 57,132,310 /
46,570,413)
Capital Surplus         513,758          511,729          507,558          503,255
Accumulated Other
Comprehensive           42,424           32,502           35,263           46,754
Income
Retained Earnings       1,065,245        1,044,588        1,003,938        986,202
Treasury Stock, at
Cost (Shares:
September 30, 2012
- 12,310,280; June
30, 2012 -            (597,436   )   (585,565   )   (544,663   )   (519,007   )
12,053,615;
December 31, 2011 -
11,187,354; and
September 30, 2011
- 10,561,897)
Total Shareholders'   1,024,562     1,003,825     1,002,667     1,017,775  
Equity
Total Liabilities
and Shareholders'    $ 13,382,425   $ 13,915,626   $ 13,846,391   $ 13,304,758 
Equity
                                                                                      

Bank of Hawaii Corporation and Subsidiaries
Consolidated Statements of Shareholders' Equity                                              Table 6
                                                Accum.                                
                                                    Other
                                                    Compre-
                Common         Common   Capital     hensive    Retained        Treasury
                Shares
(dollars in    Outstanding   Stock   Surplus    Income    Earnings       Stock         Total
thousands)
Balance as of
December 31,    45,947,116     $  571   $ 507,558   $ 35,263   $ 1,003,938     $ (544,663 )   $ 1,002,667
2011
Net Income      -                 -       -           -          125,789         -              125,789
Other
Comprehensive   -                 -       -           7,161      -               -              7,161
Income
Share-Based     -                 -       5,687       -          -               -              5,687
Compensation
Common Stock
Issued under
Purchase and
Equity          471,104           -       513         -          (3,023    )     13,472         10,962
Compensation
Plans and
Related Tax
Benefits
Common Stock    (1,413,407 )      -       -           -          -               (66,245  )     (66,245   )
Repurchased
Cash
Dividends      -              -     -         -        (61,459   )   -           (61,459   )
Paid ($1.35
per share)
Balance as of
September 30,  45,004,813   $  571  $ 513,758  $ 42,424  $ 1,065,245   $ (597,436 )  $ 1,024,562 
2012
                                                                                              
Balance as of
December 31,    48,097,672     $  570   $ 500,888   $ 26,965   $ 932,629       $ (449,919 )   $ 1,011,133
2010
Net Income      -                 -       -           -          120,814         -              120,814
Other
Comprehensive   -                 -       -           19,789     -               -              19,789
Income
Share-Based     -                 -       2,001       -          -               -              2,001
Compensation
Common Stock
Issued under
Purchase and
Equity          309,108           1       366         -          (3,193    )     13,303         10,477
Compensation
Plans and
Related Tax
Benefits
Common Stock    (1,836,367 )      -       -           -          -               (82,391  )     (82,391   )
Repurchased
Cash
Dividends      -              -     -         -        (64,048   )   -           (64,048   )
Paid ($1.35
per share)
Balance as of
September 30,  46,570,413   $  571  $ 503,255  $ 46,754  $ 986,202     $ (519,007 )  $ 1,017,775 
2011
                                                                                              

Bank of Hawaii Corporation and Subsidiaries
Average Balances and Interest Rates - Taxable-Equivalent Basis                                                   Table 7a
                     Three Months Ended               Three Months Ended               Three Months Ended
                       September 30, 2012                June 30, 2012                     September 30, 2011
                       Average     Income/  Yield/     Average     Income/  Yield/     Average     Income/  Yield/
(dollars in           Balance     Expense  Rate     Balance     Expense  Rate     Balance     Expense  Rate   
millions)
Earning Assets
Interest-Bearing       $ 4.0        $ -       0.33   %   $ 3.0        $ -       0.12   %   $ 3.7        $ -       0.56   %
Deposits
Funds Sold               221.5        0.1     0.19         237.8        0.1     0.20         309.4        0.2     0.20
Investment
Securities
  Available-for-Sale     3,247.8      18.3    2.26         3,410.4      19.4    2.27         4,309.3      23.5    2.18
  Held-to-Maturity       3,617.3      23.2    2.57         3,788.9      25.1    2.65         2,511.0      20.3    3.24
Loans Held for Sale      15.8         0.2     4.32         12.1         0.1     4.22         9.2          0.1     4.87
Loans and Leases ^1
  Commercial and         797.2        7.7     3.86         786.3        7.7     3.93         815.5        8.2     3.97
  Industrial
  Commercial             993.2        10.8    4.32         953.5        10.4    4.40         876.7        10.7    4.85
  Mortgage
  Construction           100.1        1.3     4.97         99.7         1.3     5.07         74.5         1.0     5.15
  Commercial Lease       278.5        1.7     2.42         284.5        1.7     2.36         314.6        2.0     2.61
  Financing
  Residential            2,391.8      28.1    4.70         2,371.7      27.9    4.71         2,129.8      27.8    5.23
  Mortgage
  Home Equity            770.2        8.3     4.28         772.3        8.4     4.36         780.5        9.3     4.72
  Automobile             194.9        2.9     5.90         193.7        2.9     6.03         191.4        3.2     6.66
 Other ^2             190.5      3.9    8.09      179.9      3.6    8.12      157.4      3.0    7.50   
Total Loans and        5,716.4    64.7   4.51      5,641.6    63.9   4.54      5,340.4    65.2   4.86   
Leases
Other                  80.1       0.3    1.41      80.0       0.3    1.41      79.9       0.3    1.40   
Total Earning Assets   12,902.9   106.8  3.30      13,173.8   108.9  3.31      12,562.9   109.6  3.48   
^3
Cash and
Noninterest-Bearing      134.9                             131.7                             135.1
Deposits
Other Assets            453.0                            445.0                            427.1
Total Assets           $ 13,490.8                        $ 13,750.5                        $ 13,125.1
                                                                                                                         
Interest-Bearing
Liabilities
Interest-Bearing
Deposits
  Demand                 1,968.8      0.1     0.03         1,906.1      0.1     0.03         1,772.5      0.2     0.04
  Savings                4,456.2      1.0     0.09         4,444.5      1.1     0.10         4,497.1      1.8     0.16
 Time                 1,823.2    1.8    0.38      1,253.9    2.0    0.63      1,069.4    2.6    0.96   
Total
Interest-Bearing       8,248.2    2.9    0.14      7,604.5    3.2    0.17      7,339.0    4.6    0.25   
Deposits
Short-Term               18.5         -       0.15         15.0         -       0.14         19.0         -       0.08
Borrowings
Securities Sold
Under Agreements to      853.0        7.2     3.30         1,808.5      7.3     1.59         1,908.9      7.4     1.52
Repurchase
Long-Term Debt         28.0       0.5    6.52      30.6       0.5    6.51      30.7       0.5    6.50   
Total
Interest-Bearing       9,147.7    10.6   0.46      9,458.6    11.0   0.46      9,297.6    12.5   0.53   
Liabilities
Net Interest Income                 $ 96.2                            $ 97.9                            $ 97.1
  Interest Rate                               2.84   %                          2.85   %                          2.95   %
  Spread
  Net Interest                                2.98   %                          2.98   %                          3.09   %
  Margin
Noninterest-Bearing      3,053.5                           3,017.9                           2,532.8
Demand Deposits
Other Liabilities        265.8                             261.8                             272.1
Shareholders' Equity    1,023.8                          1,012.2                          1,022.6
Total Liabilities
and Shareholders'      $ 13,490.8                        $ 13,750.5                        $ 13,125.1
Equity
                                                                                                                         
                                                                                                                         
^1 Non-performing loans and leases are included in the respective average loan and lease balances. Income, if any, on such
loans and leases is recognized on a cash basis.
^2 Comprised of other consumer revolving credit, installment, and consumer lease financing.
^3 Interest income includes taxable-equivalent basis adjustments, based upon a federal statutory tax rate of 35%, of
$2,529,000, $2,481,000, and $364,000 for the three months ended September 30, 2012, June 30, 2012, and September 30, 2011,
respectively.
  

Bank of Hawaii Corporation and Subsidiaries
Average Balances and Interest Rates - Taxable-Equivalent Basis               Table
                                                                              7b
                     Nine Months Ended              Nine Months Ended
                       September 30, 2012              September 30, 2011
                       Average     Income/  Yield/   Average     Income/  Yield/
(dollars in           Balance     Expense  Rate    Balance     Expense  Rate
millions)
Earning Assets
Interest-Bearing       $ 3.4        $ -       0.24 %   $ 4.4        $ -       0.18 %
Deposits
Funds Sold               240.5        0.4     0.19       427.8        0.7     0.22
Investment
Securities
  Available-for-Sale     3,369.5      57.4    2.27       4,667.6      85.4    2.44
  Held-to-Maturity       3,714.2      74.7    2.68       1,949.2      48.6    3.32
Loans Held for Sale      13.3         0.4     4.26       9.7          0.3     4.46
Loans and Leases ^1
  Commercial and         796.5        23.5    3.94       788.0        23.8    4.03
  Industrial
  Commercial             962.9        31.7    4.40       873.1        31.9    4.88
  Mortgage
  Construction           101.1        3.9     5.13       78.1         3.0     5.14
  Commercial Lease       285.7        5.1     2.37       325.8        6.6     2.72
  Financing
  Residential            2,342.8      83.8    4.77       2,114.7      84.2    5.31
  Mortgage
  Home Equity            773.8        25.2    4.35       787.2        28.4    4.82
  Automobile             193.9        8.8     6.05       195.7        10.1    6.91
 Other ^2             184.0      11.2   8.10    163.6      9.2    7.51 
Total Loans and        5,640.7    193.2  4.57    5,326.2    197.2  4.94 
Leases
Other                  80.0       0.8    1.41    79.9       0.8    1.40 
Total Earning Assets   13,061.6   326.9  3.34    12,464.8   333.0  3.56 
^3
Cash and
Noninterest-Bearing      134.6                           133.0
Deposits
Other Assets            444.1                          422.1
Total Assets           $ 13,640.3                      $ 13,019.9
                                                                                   
Interest-Bearing
Liabilities
Interest-Bearing
Deposits
  Demand                 1,914.2      0.3     0.03       1,782.2      0.6     0.04
  Savings                4,446.6      3.5     0.10       4,518.9      5.9     0.18
 Time                 1,447.1    5.8    0.53    1,041.7    8.1    1.04 
Total
Interest-Bearing       7,807.9    9.6    0.16    7,342.8    14.6   0.27 
Deposits
Short-Term               16.4         -       0.14       17.4         -       0.12
Borrowings
Securities Sold
Under Agreements to      1,523.4      21.8    1.88       1,844.7      21.8    1.56
Repurchase
Long-Term Debt         29.8       1.5    6.51    32.0       1.5    6.15 
Total
Interest-Bearing       9,377.5    32.9   0.46    9,236.9    37.9   0.54 
Liabilities
Net Interest Income                 $ 294.0                         $ 295.1
  Interest Rate                               2.88 %                          3.02 %
  Spread
  Net Interest                                3.01 %                          3.16 %
  Margin
Noninterest-Bearing      2,978.8                         2,502.5
Demand Deposits
Other Liabilities        265.1                           261.1
Shareholders' Equity    1,018.9                        1,019.4
Total Liabilities
and Shareholders'      $ 13,640.3                      $ 13,019.9
Equity
                                                                                   
                                                                                   
^1 Non-performing loans and leases are included in the respective average loan and
lease balances. Income, if any, on such loans and leases is recognized on a cash
basis.
^2 Comprised of other consumer revolving credit, installment, and consumer lease
financing.
^3 Interest income includes taxable-equivalent basis adjustments, based upon a
federal statutory tax rate of 35%, of $7,080,000 and $1,142,000 for the nine months
ended September 30, 2012 and 2011, respectively.
  

Bank of Hawaii Corporation and Subsidiaries
Analysis of Change in Net Interest Income - Taxable-Equivalent    Table 8a
Basis
                             Three Months Ended September 30, 2012
                              Compared to June 30, 2012
(dollars in millions)        Volume ^1         Rate ^1          Total
Change in Interest                                             
Income:
Investment Securities
Available-for-Sale            $   (0.9   )       $   (0.2   )      $  (1.1  )
Held-to-Maturity                  (1.2   )           (0.7   )         (1.9  )
Loans Held for Sale               0.1                -                0.1
Loans and Leases
Commercial and Industrial         0.1                (0.1   )         -
Commercial Mortgage               0.6                (0.2   )         0.4
Residential Mortgage              0.2                -                0.2
Home Equity                       -                  (0.1   )         (0.1  )
Other ^2                        0.3             -             0.3   
Total Loans and Leases          1.2             (0.4   )       0.8   
Total Change in Interest        (0.8   )         (1.3   )       (2.1  )
Income
                                                                   
Change in Interest
Expense:
Interest-Bearing Deposits
Savings                           -                  (0.1   )         (0.1  )
Time                            0.7             (0.9   )       (0.2  )
Total Interest-Bearing          0.7             (1.0   )       (0.3  )
Deposits
Securities Sold Under           (5.2   )         5.1           (0.1  )
Agreements to Repurchase
Total Change in Interest        (4.5   )         4.1           (0.4  )
Expense
                                                                   
Change in Net Interest       $   3.7          $   (5.4   )     $  (1.7  )
Income
                                                                   
                                                                   
^1 The change in interest income and expense not solely due to changes in
volume or rate has been allocated on a pro-rata basis to the volume and rate
columns.
^2 Comprised of other consumer revolving credit, installment,
and consumer lease financing.
                                                                   

Bank of Hawaii Corporation and Subsidiaries
Analysis of Change in Net Interest Income - Taxable-Equivalent    Table 8b
Basis
                             Three Months Ended September 30, 2012
                              Compared to September 30, 2011
(dollars in millions)        Volume ^1         Rate ^1          Total
Change in Interest                                             
Income:
Funds Sold                    $   (0.1   )       $   -             $  (0.1  )
Investment Securities
Available-for-Sale                (6.0   )           0.8              (5.2  )
Held-to-Maturity                  7.7                (4.8    )        2.9
Loans Held for Sale               0.1                -                0.1
Loans and Leases
Commercial and Industrial         (0.2   )           (0.3    )        (0.5  )
Commercial Mortgage               1.3                (1.2    )        0.1
Construction                      0.3                -                0.3
Commercial Lease                  (0.2   )           (0.1    )        (0.3  )
Financing
Residential Mortgage              3.3                (3.0    )        0.3
Home Equity                       (0.1   )           (0.9    )        (1.0  )
Automobile                        0.1                (0.4    )        (0.3  )
Other ^2                        0.7             0.2           0.9   
Total Loans and Leases          5.2             (5.7    )      (0.5  )
Total Change in Interest        6.9             (9.7    )      (2.8  )
Income
                                                                   
Change in Interest
Expense:
Interest-Bearing Deposits
Demand                            -                  (0.1    )        (0.1  )
Savings                           -                  (0.8    )        (0.8  )
Time                            1.2             (2.0    )      (0.8  )
Total Interest-Bearing          1.2             (2.9    )      (1.7  )
Deposits
Securities Sold Under           (5.6   )         5.4           (0.2  )
Agreements to Repurchase
Total Change in Interest        (4.4   )         2.5           (1.9  )
Expense
                                                                   
Change in Net Interest       $   11.3         $   (12.2   )    $  (0.9  )
Income
                                                                   
                                                                   
^1 The change in interest income and expense not solely due to changes in
volume or rate has been allocated on a pro-rata basis to the volume and rate
columns.
^2 Comprised of other consumer revolving credit, installment, and consumer
lease financing.


Bank of Hawaii Corporation and Subsidiaries
Analysis of Change in Net Interest Income - Taxable-Equivalent   Table 8c
Basis
                            Nine Months Ended September 30, 2012
                             Compared to September 30, 2011
(dollars in millions)       Volume ^1          Rate ^1         Total
Change in Interest                                            
Income:
Funds Sold                   $   (0.2    )       $   (0.1   )     $  (0.3   )
Investment Securities
Available-for-Sale               (22.4   )           (5.6   )        (28.0  )
Held-to-Maturity                 36.9                (10.8  )        26.1
Loans Held for Sale              0.1                 -               0.1
Loans and Leases
Commercial and                   0.3                 (0.6   )        (0.3   )
Industrial
Commercial Mortgage              3.1                 (3.3   )        (0.2   )
Construction                     0.9                 -               0.9
Commercial Lease                 (0.8    )           (0.7   )        (1.5   )
Financing
Residential Mortgage             8.6                 (9.0   )        (0.4   )
Home Equity                      (0.5    )           (2.7   )        (3.2   )
Automobile                       (0.1    )           (1.2   )        (1.3   )
Other ^2                       1.2              0.8          2.0    
Total Loans and Leases         12.7             (16.7  )      (4.0   )
Total Change in Interest       27.1             (33.2  )      (6.1   )
Income
                                                                  
Change in Interest
Expense:
Interest-Bearing
Deposits
Demand                           -                   (0.3   )        (0.3   )
Savings                          (0.1    )           (2.3   )        (2.4   )
Time                           2.5              (4.8   )      (2.3   )
Total Interest-Bearing         2.4              (7.4   )      (5.0   )
Deposits
Securities Sold Under            (4.1    )           4.1             -
Agreements to Repurchase
Long-Term Debt                 (0.1    )         0.1          -      
Total Change in Interest       (1.8    )         (3.2   )      (5.0   )
Expense
                                                                  
Change in Net Interest         28.9             (30.0  )      (1.1   )
Income
                                                                  
                                                                  
^1 The change in interest income and expense not solely due to changes in
volume or rate has been allocated on a pro-rata basis to the volume and rate
columns.
^2 Comprised of other consumer revolving credit, installment, and consumer
lease financing.


Bank of Hawaii Corporation and Subsidiaries
Salaries and Benefits                                             Table 9
                  Three Months Ended                 Nine Months Ended
                   September   June 30,  September   September 30,
                   30,                     30,
(dollars in       2012        2012      2011       2012       2011
thousands)
Salaries           $  29,312    $ 27,831   $  28,965   $ 85,830   $ 87,182
Incentive             4,492       4,132       4,777      12,678      12,486
Compensation
Share-Based
Compensation and
Cash Grants for       1,817       1,758       743        5,260       3,901
the Purchase of
Company Stock
Commission            1,750       1,754       1,572      5,040       4,788
Expense
Retirement and        4,322       3,481       3,634      12,193      12,400
Other Benefits
Payroll Taxes         2,267       2,437       2,241      8,522       8,615
Medical, Dental,
and Life              2,255       2,239       2,056      6,931       6,717
Insurance
Separation          1,016     405       319      1,838     1,800   
Expense
Total Salaries    $  47,231   $ 44,037  $  44,307  $ 138,292  $ 137,889 
and Benefits
                                                                             

Bank of Hawaii Corporation and Subsidiaries
Loan and Lease Portfolio Balances                                           Table 10
               September     June 30,      March 31,     December 31,  September
                 30,                                                         30,
(dollars in      2012         2012         2012         2011         2011
thousands)
Commercial
  Commercial
  and            $ 808,621      $ 781,688      $ 788,718      $ 817,170      $ 790,294
  Industrial
  Commercial       1,039,556      961,984        948,196        938,250        922,075
  Mortgage
  Construction     101,818        97,668         110,184        98,669         69,635
 Lease          277,328      281,020      285,860      311,928      312,159
  Financing
Total            2,227,323    2,122,360    2,132,958    2,166,017    2,094,163
Commercial
Consumer
  Residential      2,392,871      2,401,331      2,319,485      2,215,892      2,130,589
  Mortgage
  Home Equity      770,284        766,839        773,643        780,691        775,105
  Automobile       200,788        194,339        193,851        192,506        191,497
 Other ^1       191,038      186,614      178,995      183,198      157,118
Total Consumer   3,554,981    3,549,123    3,465,974    3,372,287    3,254,309
Total Loans     $ 5,782,304   $ 5,671,483   $ 5,598,932   $ 5,538,304   $ 5,348,472
and Leases
                                                                             
                                                                             
Higher Risk
Loans                                                               
Outstanding
                 September      June 30,       March 31,      December 31,   September
                 30,                                                         30,
(dollars in      2012         2012         2012         2011         2011
thousands)
Residential        16,513         16,703         17,602         18,163         18,305
Land Loans ^2
Home Equity        19,774         22,029         21,359         21,413         22,321
Loans ^3
Air
Transportation   27,765       27,633       27,548       36,144       36,511
^4
Total Higher    $ 64,052      $ 66,365      $ 66,509      $ 75,720      $ 77,137
Risk Loans
                                                                             
^1 Comprised of other revolving credit, installment, and lease financing.
^2 We consider all of our residential land loans, which are consumer loans secured by
unimproved lots, to be of higher risk due to the volatility in the value of the
underlying collateral.
^3 Higher risk home equity loans are defined as those loans originated in 2005 or later,
with current monitoring credit scores below 600, and with original loan-to-value ratios
greater than 70%.
^4 We consider all of our air transportation leases to be of higher risk due to the weak
financial profile of the industry.
                                                                             
                                                                             
Deposits                                                            
                 September      June 30,       March 31,      December 31,   September
                 30,                                                         30,
(dollars in      2012         2012         2012         2011         2011
thousands)
Consumer         $ 5,369,724    $ 5,360,325    $ 5,377,804    $ 5,241,827    $ 5,137,548
Commercial         4,394,745      4,403,095      4,307,931      4,320,712      4,275,915
Public and       1,456,078    1,784,573    935,435      1,030,084    595,550
Other
Total Deposits  $ 11,220,547  $ 11,547,993  $ 10,621,170  $ 10,592,623  $ 10,009,013
                                                                               

Bank of Hawaii Corporation and Subsidiaries
Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More      Table 11
                September 30,  June 30,       March 31,      December 31,   September 30,
(dollars in        2012          2012          2012          2011          2011
thousands)
Non-Performing
Assets
Non-Accrual
Loans and Leases
  Commercial
    Commercial
    and            $ 5,635         $ 5,778         $ 5,852         $ 6,243         $ 6,593
    Industrial
    Commercial       2,671           2,737           2,113           2,140           2,188
    Mortgage
    Construction     953             1,182           1,482           2,080           -
  Lease          -            -            4            5            6         
    Financing
 Total            9,259        9,697        9,451        10,468       8,787     
  Commercial
  Consumer
    Residential      25,456          26,803          26,356          25,256          23,779
    Mortgage
  Home Equity    2,502        2,425        2,069        2,024        1,863     
 Total Consumer   27,958       29,228       28,425       27,280       25,642    
Total
Non-Accrual        37,217       38,925       37,876       37,748       34,429    
Loans and Leases
Foreclosed Real    3,067        2,569        3,530        3,042        3,341     
Estate
Total
Non-Performing    $ 40,284      $ 41,494      $ 41,406      $ 40,790      $ 37,770    
Assets
                                                                                   
Accruing Loans
and Leases Past
Due 90 Days or
More
Commercial
 Commercial and  $ -           $ 1           $ 2           $ 1           $ -         
  Industrial
Total Commercial   -            1            2            1            -         
Consumer
  Residential        3,988           4,229           6,590           6,422           7,664
  Mortgage
  Home Equity        2,755           2,445           2,829           2,194           2,639
  Automobile         154             98              124             170             138
 Other ^ 1        578          395          543          435          414       
Total Consumer     7,475        7,167        10,086       9,221        10,855    
Total Accruing
Loans and Leases  $ 7,475       $ 7,168       $ 10,088      $ 9,222       $ 10,855    
Past Due 90 Days
or More
Restructured
Loans on Accrual
Status and Not    $ 31,426      $ 31,124      $ 29,539      $ 33,703      $ 33,140    
Past Due 90 Days
or More
Total Loans and   $ 5,782,304   $ 5,671,483   $ 5,598,932   $ 5,538,304   $ 5,348,472 
Leases
                                                                                   
Ratio of
Non-Accrual                                                                          *Story
Loans and Leases   0.64      %   0.69      %   0.68      %   0.68      %   too
to Total Loans                                                                       large*
and Leases

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