UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549

FORM 8-K
 
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

 	 	 	 	 	
 	Date of Report	 	 	
 	(Date of earliest event reported)	 	                       January 23, 2017	 	
 
BANK OF HAWAII CORPORATION
(Exact name of registrant as specified in its charter)

 	 	 	 	 	
Delaware	 	1-6887	 	99-0148992	
(State of Incorporation)	 	(Commission	 	(IRS Employer	
 	 	File Number)	 	Identification No.)	

 	 	 	
130 Merchant Street, Honolulu, Hawaii	 	96813	
(Address of principal executive offices)	 	(Zip Code)	

 	 	 	 	
(Registrant's telephone number,	 	 	
including area code)	 	 	(888) 643-3888	

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4 (c))

Item 2.02.                                       Results of Operations and Financial Condition.
 
On January 23, 2017, Bank of Hawaii Corporation announced its results of operations for the quarter ended December 31, 2016.  The public announcement was made by means of a press release, the text of which is furnished as Exhibit 99.1 hereto and incorporated herein by reference.
 	 	
Item 5.02.   	            Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.	

On January 20, 2017, the Board of Directors of the Company (the “Board”) appointed Kent T. Lucien to the position of Vice Chairman & Chief Strategy Officer.  Mr. Lucien previously served as the Company’s Vice Chairman & CFO.  On that same date, the Board appointed Dean Y. Shigemura to the position of Senior Executive Vice President & Chief Financial Officer. Mr. Shigemura previously served as the Company’s Senior Executive Vice President, Controller and Principal Accounting Officer.  Finally, the Board appointed Brent T. Flygar, age 49, to the position of Senior Vice President, Controller and Principal Accounting Officer.  For the past five years, Mr. Flygar has served as Senior Vice President and Director of Corporate Tax, including assuming the additional role of Financial Reporting Manager overseeing the preparation of regulatory reporting, in March 2015.  Each of the foregoing appointments is to be effective on March 1, 2017.
In connection with the foregoing appointments, Mr. Lucien’s annual salary will be $218,000, Mr. Shigemura’s annual salary will be $335,000 and Mr. Flygar’s annual salary will be $245,000.  Each of Messrs. Lucien, Shigemura and Flygar will be entitled to participate in those incentive compensation and benefit plans available to the Company’s senior executives.

Item 9.01.                                       Financial Statements and Exhibits.

(d)	Exhibits	
 
Exhibit No.

99.1	January 23, 2017 Press Release: Bank of Hawaii Corporation Fourth Quarter 2016 Financial Results.  Any internet addresses provided in this release are for informational purposes only and are not intended to be hyperlinks.  Furnished herewith.	

Signatures
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 	
 	 	 	
Date: January 23, 2017	Bank of Hawaii Corporation	

 	By:	/s/ Mark A. Rossi	
 	 	     Mark A. Rossi	
 	 	     Vice Chairman and Corporate Secretary	

 	

 	 	

Bank of Hawaii Corporation 2016 Financial Results

•2016 Earnings Reaches Record of $4.23 Per Diluted Share
•2016 Net Income $181.5 Million
•Diluted Earnings Per Share $1.02 for the Fourth Quarter of 2016
•Net Income $43.5 Million for the Fourth Quarter of 2016
•Board of Directors Increases Dividend to $0.50 Per Share

FOR IMMEDIATE RELEASE

HONOLULU, HI (January 23, 2017) -- Bank of Hawaii Corporation (NYSE: BOH) today reported diluted earnings per share of $4.23 for the full year of 2016, up 14.3 percent from diluted earnings per share of $3.70 in 2015. Net income for the year was $181.5 million, up $20.8 million or 12.9 percent from net income of $160.7 million in the previous year. The return on average assets for the full year of 2016 was 1.15 percent compared with 1.06 percent in 2015. The return on average equity for the full year of 2016 was 15.79 percent compared with 14.82 percent in 2015.

The Company’s Board of Directors declared a quarterly cash dividend of $0.50 per share on the Company’s outstanding shares, an increase of $0.02 per share from the $0.48 per share dividend declared in the prior quarter. The dividend will be payable on March 14, 2017 to shareholders of record at the close of business on February 28, 2017.

“Bank of Hawaii finished 2016 with solid financial performance," said Peter Ho, Chairman, President and CEO. “During the year our loan balances continued to grow and reached $8.9 billion at December 31, 2016. Deposit growth also remained strong during the year, increasing to a record level of $14.3 billion at December 31, 2016. Our net interest margin remained stable due to the positive remixing of our balance sheet and our asset quality, capital and liquidity all remain strong.”

Diluted earnings per share were $1.02 for the fourth quarter of 2016, unchanged from $1.02 in the third quarter of 2016 and up from $0.99 in the fourth quarter of 2015. Net income for the fourth quarter of 2016 was $43.5 million, up slightly from the previous quarter and up from $42.8 million in the same quarter last year. The return on average assets for the fourth quarter of 2016 was 1.07 percent, compared with 1.09 percent in the third quarter of 2016 and 1.11 percent in the fourth quarter last year. The return on average equity for the fourth quarter of 2016 was 14.90 percent compared with 14.89 percent in the third quarter of 2016 and 15.41 percent in the fourth quarter last year.
    
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Bank of Hawaii Corporation 2016 Financial Results     Page 2

Financial Highlights

Net interest income, on a taxable-equivalent basis, for the full year of 2016 was $429.6 million, an increase of $23.6 million from net interest income of $406.0 million in 2015. Net interest income, on a taxable-equivalent basis, for the fourth quarter of 2016 was $110.1 million, an increase of $3.2 million compared with $106.9 million in the third quarter of 2016 and up $5.4 million compared with $104.7 million in the fourth quarter last year. Analyses of changes in net interest income are included in Tables 8a, 8b and 8c.

The net interest margin for the full year of 2016 was 2.83 percent, an increase of 2 basis points from the net interest margin of 2.81 percent in 2015. The net interest margin was 2.83 percent in the fourth quarter of 2016, an increase of 3 basis points from the third quarter of 2016 and a decrease of 2 basis points from the fourth quarter last year.

The provision for credit losses for the full year of 2016 was $4.8 million compared with a provision for credit losses of $1.0 million in 2015. The increase was due to the significant growth in loans and leases during the year which was partially offset by continued strong credit metrics. Results for the fourth quarter of 2016 included a provision for credit losses of $3.3 million compared with $2.5 million in the previous quarter and $1.0 million in the same quarter last year.

Noninterest income for the full year of 2016 was $197.3 million compared with noninterest income of $186.2 million in 2015. The increase was primarily the result of higher mortgage banking income and increased gains on the sales of leased assets.  Mortgage banking income totaled $19.9 million in 2016 compared with $11.6 million in 2015.  Net gains on sales of leased assets were $2.3 million in 2016 compared with a net loss of $0.6 million in 2015. Noninterest income was $46.5 million in the fourth quarter of 2016 compared with $48.1 million in the third quarter of 2016 and $44.8 million in the fourth quarter of 2015.

Noninterest expense for the full year of 2016 was $350.6 million compared with noninterest expense of $348.1 million in 2015. Noninterest expense in 2016 included net gains of $3.7 million on the disposition of real estate and severance expenses of $0.9 million. Noninterest expense in 2015 included an impairment charge of $9.5 million, $3.3 million in severance and $1.6 million for the rollout of chip-enabled debit cards partially offset by net gains of $5.9 million on the disposition of real estate. Adjusted for these items, the increase from the previous year was primarily driven by higher compensation related to business growth and stock price performance and expenses related to strategic initiatives. Noninterest expense was $89.6 million in the fourth quarter of 2016 compared with $87.5 million in the third quarter of 2016 and $85.7 million in the fourth quarter of 2015. Noninterest expense in the fourth quarter of 2016 included expenses of $1.3 million in compensation related to the increase in the stock price during the quarter partially offset by a net gain of $1.0 million on the sale of a branch building. There were no significant noninterest expenses in the third quarter of 2016. Noninterest expense in the fourth quarter of 2015 included net gains of $3.9 million related to the disposal of two branch buildings partially offset by expenses of $1.3 million for the roll-out of chip-enabled debit cards and severance expenses of $0.5 million. An analysis of noninterest expenses related to salaries and benefits is included in Table 9.

The efficiency ratio for the full year of 2016 was 57.01 percent compared with 59.99 percent during the full year of 2015. The efficiency ratio for the fourth quarter of 2016 was 58.33 percent compared with 57.58 percent in the previous quarter and 58.55 percent in the same quarter last year.

The effective tax rate for the full year of 2016 was 30.10 percent compared with 30.49 percent for the full year of 2015.  The effective tax rate for the fourth quarter of 2016 was 28.38 percent compared with 29.84 percent in the previous quarter and 28.23 percent in the same quarter last year.

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Bank of Hawaii Corporation 2016 Financial Results     Page 3

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 remain strong during the fourth quarter of 2016. Total non-performing assets were $19.8 million at December 31, 2016 compared with $18.7 million at September 30, 2016 and $28.8 million at December 31, 2015. Non-performing assets as a percentage of total loans and leases and foreclosed real estate were 0.22 percent at December 31, 2016 compared with 0.21 percent at September 30, 2016 and 0.37 percent at December 31, 2015.
Accruing loans and leases past due 90 days or more were $7.1 million at December 31, 2016 compared with $5.6 million at September 30, 2016 and $7.6 million at December 31, 2015. Restructured loans and leases not included in non-accrual loans or accruing loans past due 90 days or more were $52.2 million at December 31, 2016 compared with $52.1 million at September 30, 2016 and $49.4 million at December 31, 2015. More information on non-performing assets and accruing loans and leases past due 90 days or more is presented in Table 11.
Net charge-offs for the full year of 2016 were $3.4 million or 0.04 percent of total average loans and leases compared with net charge-offs of $6.8 million or 0.09 percent of total average loans and leases in 2015. Net charge-offs during the fourth quarter of 2016 were $3.0 million or 0.14 percent annualized of total average loans and leases outstanding and were comprised of charge-offs of $5.0 million partially offset by recoveries of $1.9 million. Net charge-offs during the third quarter of 2016 were $2.4 million or 0.11 percent annualized of total average loans and leases outstanding and were comprised of charge-offs of $4.9 million and recoveries of $2.5 million. Net charge-offs during the fourth quarter of 2015 were $2.2 million or 0.11 percent annualized of total average loans and leases outstanding and were comprised of charge-offs of $4.5 million and recoveries of $2.3 million.
The allowance for loan and lease losses was $104.3 million at December 31, 2016, up from $104.0 million at September 30, 2016 and $102.9 million at December 31, 2015. The ratio of the allowance for loan and lease losses to total loans and leases outstanding was 1.17 percent at December 31, 2016, a decrease of 3 basis points from September 30, 2016 and down 14 basis points from December 31, 2015. The decrease in the ratio of the allowance for loan and lease losses to total loans and leases outstanding is due to the strong loan growth and is commensurate with the Company’s strong asset quality and the Hawaii economy. The total reserve for unfunded commitments at December 31, 2016 was unchanged from the prior quarter and remained at $6.6 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 increased to $16.5 billion at December 31, 2016, up from $16.0 billion at September 30, 2016 and $15.5 billion at December 31, 2015. Average total assets were $16.2 billion during the fourth quarter of 2016, up from $15.9 billion during the third quarter of 2016 and $15.3 billion during the fourth quarter of 2015.

The investment portfolio was $6.0 billion at December 31, 2016, down slightly from September 30, 2016 and down from $6.2 billion at December 31, 2015. The investment portfolio remains largely comprised of securities issued by U. S. government agencies and includes $3.8 billion in securities held to maturity and $2.2 billion in securities available for sale.

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Bank of Hawaii Corporation 2016 Financial Results     Page 4

Total loans and leases increased to $8.9 billion at December 31, 2016, up 2.9 percent from $8.7 billion at September 30, 2016 and up 13.6 percent from $7.9 billion at December 31, 2015. The commercial portfolio increased to $3.6 billion at the end of the fourth quarter of 2016, up 3.7 percent from $3.5 billion at the end of the third quarter of 2016 and up 14.7 percent from $3.2 billion at the end of the fourth quarter last year. Consumer loans increased to $5.3 billion at December 31, 2016, up 2.5 percent from $5.2 billion at the end of the third quarter of 2016 and up 12.8 percent from $4.7 billion at the end of the fourth quarter last year. Average total loans and leases were $8.8 billion during the fourth quarter of 2016, up from $8.5 billion during the previous quarter and $7.8 billion during the same quarter last year. Loan and lease portfolio balances are summarized in Table 10.

Total deposits increased to $14.3 billion at December 31, 2016, up 3.7 percent from $13.8 billion at September 30, 2016 and up 8.1 percent from $13.3 billion at December 31, 2015. Commercial deposits increased to $6.1 billion at the end of the fourth quarter of 2016, up 6.2 percent from $5.8 billion at the end of the third quarter of 2016 and up 11.0 percent from $5.5 billion at the end of the fourth quarter last year. Consumer deposits increased to $7.0 billion at December 31, 2016, up 3.2 percent from $6.8 billion at the end of the third quarter of 2016 and up 8.6 percent from $6.4 billion at the end of the fourth quarter last year. Other deposits declined slightly to $1.2 billion at December 31, 2016 compared with $1.3 billion at September 30, 2016 and $1.3 billion at December 31, 2015 due to a reduction in public funds. Average total deposits were $14.0 billion in the fourth quarter of 2016, up from $13.7 in the previous quarter and up from $13.0 billion during the same quarter last year. Deposit balances are summarized in Tables 7a, 7b, and 10.

During the fourth quarter of 2016, the Company repurchased 134.0 thousand shares of common stock at a total cost of $10.4 million under its share repurchase program. The average cost was $77.83 per share repurchased. From the beginning of the share repurchase program initiated during July 2001 through December 31, 2016, the Company has repurchased 53.6 million shares and returned over $2.0 billion to shareholders at an average cost of $37.84 per share. Remaining buyback authority under the share repurchase program was $65.0 million at December 31, 2016. From January 3 through January 20, 2017 the Company repurchased an additional 19.5 thousand shares of common stock at an average cost of $88.24 per share repurchased.

Total shareholders’ equity was $1.16 billion at December 31, 2016, down slightly from September 30, 2016 and up from $1.12 billion at December 31, 2015. The Tier 1 Capital Ratio was 13.24 percent at December 31, 2016 compared with 13.40 percent at September 30, 2016 and 13.97 percent at December 31, 2015. The Tier 1 Leverage Ratio at December 31, 2016 was 7.21 percent compared with 7.25 percent at September 30, 2016 and 7.26 percent at December 31, 2015.

Hawaii Economy

General economic conditions in Hawaii remained healthy during 2016, led by a strong tourism industry, relatively low unemployment, rising real estate prices, and an active construction industry. For the first eleven months of 2016 total visitor arrivals increased by 3.0 percent and visitor spending increased by 4.1 percent compared to the same period in 2015. The statewide seasonally-adjusted unemployment rate remains low and declined to 2.9 percent in December 2016 compared to 4.7 percent nationally. Real estate prices on Oahu continue to reach new records.

The volume of single-family home sales on Oahu during the year increased 6.5 percent and the volume of condominium sales on Oahu increased 8.4 percent compared with 2015.  The median price of single-family homes on Oahu increased 5.0 percent and the median price of condominiums on Oahu increased 8.3 percent compared with sales during 2015.  As of December 31, 2016, months of inventory of single-family homes and condominiums on Oahu declined to 2.5 months and 2.6 months, respectively.  More information on current Hawaii economic trends is presented in Table 15.

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Bank of Hawaii Corporation 2016 Financial Results     Page 5

Conference Call Information

The Company will review its 2016 financial results today at 8:00 a.m. Hawaii Time (1:00 p.m. Eastern Time). The call will be accessible via teleconference and via the investor relations link of Bank of Hawaii Corporation's website,  www.boh.com . The toll-free number is 1 (877) 783-7534 in the United States and 1 (530) 379-4714 for international callers. Use the pass code “Bank of Hawaii” to access the call. A replay will be available for one week beginning approximately 11:00 a.m. Hawaii Time on Monday, January 23, 2017. The replay number is 1 (855) 859-2056 in the United States and 1 (404) 537-3406 from international locations. Enter the pass code 47958760 when prompted. Participants can also dial 1 (800) 585-8367 to access the replay. In addition, a replay will be available on the Company's website,  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, 2015, which was filed with the U.S. Securities and Exchange Commission.  We do not promise 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 1	
 	 	
 	Three Months Ended	 	Year Ended	 	
 	December 31,	 	September 30,	 	December 31,	 	December 31,	 	
(dollars in thousands, except per share amounts)	2016	 	2016	 	2015	 	2016	 	2015	 	
For the Period:	 	 	 	 	 	 	 	 	 	 	
Operating Results	 	 	 	 	 	 	 	 	 	 	
Net Interest Income	$	107,093	
 	 	$	103,912	
 	 	$	101,644	
 	 	$	417,579	
 	 	$	394,087	
 	 	
Provision for Credit Losses	3,250	
 	 	2,500	
 	 	1,000	
 	 	4,750	
 	 	1,000	
 	 	
Total Noninterest Income	46,503	
 	 	48,114	
 	 	44,766	
 	 	197,343	
 	 	186,219	
 	 	
Total Noninterest Expense	89,589	
 	 	87,532	
 	 	85,727	
 	 	350,578	
 	 	348,104	
 	 	
Net Income	43,513	
 	 	43,493	
 	 	42,832	
 	 	181,461	
 	 	160,704	
 	 	
Basic Earnings Per Share	1.03	
 	 	1.02	
 	 	1.00	
 	 	4.26	
 	 	3.72	
 	 	
Diluted Earnings Per Share	1.02	
 	 	1.02	
 	 	0.99	
 	 	4.23	
 	 	3.70	
 	 	
Dividends Declared Per Share	0.48	
 	 	0.48	
 	 	0.45	
 	 	1.89	
 	 	1.80	

Performance Ratios	 	 	 	 	 	 	 	 	 	 	
Return on Average Assets	1.07	
 	%	1.09	
 	%	1.11	
 	%	1.15	
 	%	1.06	
 	%	
Return on Average Shareholders' Equity	14.90	
 	 	14.89	
 	 	15.41	
 	 	15.79	
 	 	14.82	
 	 	
Efficiency Ratio 1	58.33	
 	 	57.58	
 	 	58.55	
 	 	57.01	
 	 	59.99	
 	 	
Net Interest Margin 2	2.83	
 	 	2.80	
 	 	2.85	
 	 	2.83	
 	 	2.81	
 	 	
Dividend Payout Ratio 3	46.60	
 	 	47.06	
 	 	45.00	
 	 	44.37	
 	 	48.39	
 	 	
Average Shareholders' Equity to Average Assets	7.17	
 	 	7.30	
 	 	7.19	
 	 	7.26	
 	 	7.16	

Average Balances	 	 	 	 	 	 	 	 	 	 	
Average Loans and Leases	$	8,813,755	
 	 	$	8,483,588	
 	 	$	7,785,346	
 	 	$	8,362,210	
 	 	$	7,423,572	
 	 	
Average Assets	16,212,940	
 	 	15,906,760	
 	 	15,335,574	
 	 	15,825,381	
 	 	15,136,494	
 	 	
Average Deposits	13,997,318	
 	 	13,687,186	
 	 	13,038,637	
 	 	13,619,476	
 	 	12,925,235	
 	 	
Average Shareholders' Equity	1,161,967	
 	 	1,161,655	
 	 	1,102,548	
 	 	1,149,335	
 	 	1,084,059	

Per Share of Common Stock	 	 	 	 	 	 	 	 	 	 	
Book Value	$	27.24	
 	 	$	27.24	
 	 	$	25.79	
 	 	$	27.24	
 	 	$	25.79	
 	 	
Tangible Book Value	26.50	
 	 	26.50	
 	 	25.06	
 	 	26.50	
 	 	25.06	
 	 	
Market Value	 	 	 	 	 	 	 	 	 	 	
   Closing	88.69	
 	 	72.62	
 	 	62.90	
 	 	88.69	
 	 	62.90	
 	 	
   High	89.72	
 	 	73.44	
 	 	70.07	
 	 	89.72	
 	 	70.07	
 	 	
   Low	71.73	
 	 	65.19	
 	 	60.55	
 	 	54.55	
 	 	53.90	

 	

 	
 	 	December 31,	
 	 	September 30,	
 	 	December 31,	

 	

 	 	2016	
 	 	2016	
 	 	2015	
 	 	
As of Period End:	 	 	 	 	 	 	 	 	 	 	
Balance Sheet Totals	 	 	 	 	 	 	 	 	 	 	
Loans and Leases	

 	
 	 	$	8,949,785	
 	 	$	8,694,097	
 	 	$	7,878,985	
 	 	
Total Assets	
 	 	
 	 	16,492,367	
 	 	16,014,643	
 	 	15,455,016	
 	 	
Total Deposits	
 	 	
 	 	14,320,240	
 	 	13,808,365	
 	 	13,251,103	
 	 	
Other Debt	
 	 	
 	 	267,938	
 	 	267,954	
 	 	245,786	
 	 	
Total Shareholders' Equity	
 	 	
 	 	1,161,537	
 	 	1,163,859	
 	 	1,116,260	

Asset Quality	 	 	 	 	 	 	 	 	 	 	
Non-Performing Assets	

 	
 	 	$	19,761	
 	 	$	18,672	
 	 	$	28,801	
 	 	
Allowance for Loan and Lease Losses	
 	 	
 	 	104,273	
 	 	104,033	
 	 	102,880	
 	 	
Allowance to Loans and Leases Outstanding	
 	 	
 	 	1.17	
 	%	1.20	
 	%	1.31	
 	%	
 	 	 	 	 	 	 	 	 	 	 	
Capital Ratios	 	 	 	 	 	 	 	 	 	 	
Common Equity Tier 1 Capital Ratio	

 	 	13.24	
 	%	13.40	
 	%	13.97	
 	%	
Tier 1 Capital Ratio	

 	 	13.24	
 	 	13.40	
 	 	13.97	
 	 	
Total Capital Ratio	

 	 	14.49	
 	 	14.65	
 	 	15.22	
 	 	
Tier 1 Leverage Ratio	

 	 	7.21	
 	 	7.25	
 	 	7.26	
 	 	
Total Shareholders' Equity to Total Assets	

 	 	7.04	
 	 	7.27	
 	 	7.22	
 	 	
Tangible Common Equity to Tangible Assets 4	

 	
 	 	6.86	
 	 	7.08	
 	 	7.03	
 	 	
Tangible Common Equity to Risk-Weighted Assets  4	

 	
 	 	12.81	
 	 	13.18	
 	 	13.62	

Non-Financial Data	 	 	 	 	 	 	 	 	 	 	
Full-Time Equivalent Employees	
 	 	
 	 	2,122	
 	 	2,125	
 	 	2,164	
 	 	
Branches	
 	 	
 	 	69	
 	 	70	
 	 	70	
 	 	
ATMs	
 	 	
 	 	449	
 	 	450	
 	 	456	

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 to tangible assets and tangible common equity to risk-weighted assets are Non-GAAP financial measures. See Table 2 “Reconciliation of Non-GAAP Financial Measures."	 	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	 	
Reconciliation of Non-GAAP Financial Measures	 	 	 	 	Table 2	
 	
 	 	 	December 31,	
 	 	September 30,	
 	 	December 31,	
 	
(dollars in thousands)	 	2016	
 	 	2016	
 	 	2015	
 	
Total Shareholders' Equity	 	$	1,161,537	
 	 	$	1,163,859	
 	 	$	1,116,260	
 	
Less:	Goodwill	 	31,517	
 	 	31,517	
 	 	31,517	
 	
Tangible Common Equity	 	$	1,130,020	
 	 	$	1,132,342	
 	 	$	1,084,743	

Total Assets	 	$	16,492,367	
 	 	$	16,014,643	
 	 	$	15,455,016	
 	
Less:	Goodwill	 	31,517	
 	 	31,517	
 	 	31,517	
 	
Tangible Assets	 	$	16,460,850	
 	 	$	15,983,126	
 	 	$	15,423,499	

Risk-Weighted Assets, determined in accordance	 	 	 	 	 	 	
 	with prescribed regulatory requirements 1	 	$	8,823,485	
 	 	$	8,591,440	
 	 	$	7,962,484	

Total Shareholders' Equity to Total Assets	 	7.04	%	 	7.27	%	 	7.22	%	
Tangible Common Equity to Tangible Assets (Non-GAAP)	 	6.86	%	 	7.08	%	 	7.03	%	
 	 	 	 	 	 	 	 	
Tier 1 Capital Ratio	 	13.24	%	 	13.40	%	 	13.97	%	
Tangible Common Equity to Risk-Weighted Assets (Non-GAAP)	 	12.81	%	 	13.18	%	 	13.62	%	

 	 	 	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	
Consolidated Statements of Income	 	 	 	Table 3	
 	
 	Three Months Ended	 	Year Ended	
 	December 31,	September 30,	December 31,	 	December 31,	
(dollars in thousands, except per share amounts)	2016	2016	2015	 	2016	2015	
Interest Income	 	 	 	 	 	 	
   Interest and Fees on Loans and Leases	$	86,532	
 	$	83,489	
 	$	78,122	
 	 	$	333,239	
 	$	298,522	
 	
   Income on Investment Securities	 	 	 	 	 	 	
      Available-for-Sale	10,244	
 	10,313	
 	10,829	
 	 	41,892	
 	41,492	
 	
      Held-to-Maturity	19,213	
 	19,315	
 	21,722	
 	 	79,087	
 	89,650	
 	
   Deposits	2	
 	1	
 	1	
 	 	9	
 	8	
 	
   Funds Sold	795	
 	695	
 	315	
 	 	2,861	
 	1,133	
 	
   Other	281	
 	166	
 	381	
 	 	812	
 	1,305	
 	
Total Interest Income	117,067	
 	113,979	
 	111,370	
 	 	457,900	
 	432,110	
 	
Interest Expense	 	 	 	 	 	 	
   Deposits	3,448	
 	3,232	
 	2,443	
 	 	12,647	
 	9,626	
 	
   Securities Sold Under Agreements to Repurchase	5,406	
 	5,713	
 	6,246	
 	 	23,406	
 	25,364	
 	
   Funds Purchased	3	
 	3	
 	3	
 	 	12	
 	12	
 	
   Other Debt	1,117	
 	1,119	
 	1,034	
 	 	4,256	
 	3,021	
 	
Total Interest Expense	9,974	
 	10,067	
 	9,726	
 	 	40,321	
 	38,023	
 	
Net Interest Income	107,093	
 	103,912	
 	101,644	
 	 	417,579	
 	394,087	
 	
Provision for Credit Losses	3,250	
 	2,500	
 	1,000	
 	 	4,750	
 	1,000	
 	
Net Interest Income After Provision for Credit Losses	103,843	
 	101,412	
 	100,644	
 	 	412,829	
 	393,087	
 	
Noninterest Income	 	 	 	 	 	 	
   Trust and Asset Management	11,232	
 	11,008	
 	11,243	
 	 	46,203	
 	47,685	
 	
   Mortgage Banking	6,256	
 	6,362	
 	3,130	
 	 	19,895	
 	11,583	
 	
   Service Charges on Deposit Accounts	8,537	
 	8,524	
 	8,663	
 	 	33,654	
 	34,072	
 	
   Fees, Exchange, and Other Service Charges	13,731	
 	14,023	
 	13,764	
 	 	55,176	
 	53,353	
 	
   Investment Securities Gains (Losses), Net	(337	)	(328	)	(181	)	 	10,203	
 	10,160	
 	
   Annuity and Insurance	1,457	
 	1,653	
 	2,014	
 	 	7,017	
 	7,664	
 	
   Bank-Owned Life Insurance	1,551	
 	1,911	
 	1,608	
 	 	6,561	
 	7,039	
 	
   Other	4,076	
 	4,961	
 	4,525	
 	 	18,634	
 	14,663	
 	
Total Noninterest Income	46,503	
 	48,114	
 	44,766	
 	 	197,343	
 	186,219	
 	
Noninterest Expense	 	 	 	 	 	 	
   Salaries and Benefits	50,622	
 	49,725	
 	47,997	
 	 	201,150	
 	191,963	
 	
   Net Occupancy	7,581	
 	8,510	
 	4,876	
 	 	30,252	
 	30,217	
 	
   Net Equipment	5,191	
 	4,913	
 	5,244	
 	 	20,578	
 	20,162	
 	
   Data Processing	3,665	
 	3,620	
 	5,106	
 	 	15,208	
 	16,472	
 	
   Professional Fees	2,990	
 	2,396	
 	2,803	
 	 	10,072	
 	9,660	
 	
   FDIC Insurance	2,015	
 	2,104	
 	2,322	
 	 	8,615	
 	8,669	
 	
   Other	17,525	
 	16,264	
 	17,379	
 	 	64,703	
 	70,961	
 	
Total Noninterest Expense	89,589	
 	87,532	
 	85,727	
 	 	350,578	
 	348,104	
 	
Income Before Provision for Income Taxes	60,757	
 	61,994	
 	59,683	
 	 	259,594	
 	231,202	
 	
Provision for Income Taxes	17,244	
 	18,501	
 	16,851	
 	 	78,133	
 	70,498	
 	
Net Income	$	43,513	
 	$	43,493	
 	$	42,832	
 	 	$	181,461	
 	$	160,704	
 	
Basic Earnings Per Share	$	1.03	
 	$	1.02	
 	$	1.00	
 	 	$	4.26	
 	$	3.72	
 	
Diluted Earnings Per Share	$	1.02	
 	$	1.02	
 	$	0.99	
 	 	$	4.23	
 	$	3.70	
 	
Dividends Declared Per Share	$	0.48	
 	$	0.48	
 	$	0.45	
 	 	$	1.89	
 	$	1.80	
 	
Basic Weighted Average Shares	42,386,480	
 	42,543,122	
 	43,003,191	
 	 	42,644,100	
 	43,217,818	
 	
Diluted Weighted Average Shares	42,672,470	
 	42,778,346	
 	43,275,377	
 	 	42,879,783	
 	43,454,877	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	
Consolidated Statements of Comprehensive Income	 	 	 	 	Table 4	
 	
 	 	Three Months Ended	 	Year Ended	
 	 	December 31,	September 30,	December 31,	 	December 31,	
(dollars in thousands)	2016	2016	2015	 	2016	2015	
Net Income	$	43,513	
 	$	43,493	
 	$	42,832	
 	 	$	181,461	
 	$	160,704	
 	
Other Comprehensive Income (Loss), Net of Tax:	 	 	 	 	 	 	
 	Net Unrealized Gains (Losses) on Investment Securities	(18,641	)	(5,528	)	(6,860	)	 	(10,318	)	(2,125	)	
 	Defined Benefit Plans	(453	)	140	
 	4,595	
 	 	(31	)	5,254	
 	
Total Other Comprehensive Income (Loss)	(19,094	)	(5,388	)	(2,265	)	 	(10,349	)	3,129	
 	
Comprehensive Income	$	24,419	
 	$	38,105	
 	$	40,567	
 	 	$	171,112	
 	$	163,833	

 	
 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	
Consolidated Statements of Condition	 	 	Table 5	
 	
 	December 31,	
 	September 30,	
 	December 31,	
 	
(dollars in thousands)	2016	
 	2016	
 	2015	
 	
Assets	 	 	 	
Interest-Bearing Deposits in Other Banks	$	3,187	
 	$	4,181	
 	$	4,130	
 	
Funds Sold	707,343	
 	506,604	
 	592,892	
 	
Investment Securities	 	 	 	
   Available-for-Sale	2,186,041	
 	2,213,482	
 	2,256,818	
 	
   Held-to-Maturity (Fair Value of $3,827,527; $3,893,542; and $4,006,412)	3,832,997	
 	3,815,915	
 	3,982,736	
 	
Loans Held for Sale	62,499	
 	68,066	
 	4,808	
 	
Loans and Leases	8,949,785	
 	8,694,097	
 	7,878,985	
 	
   Allowance for Loan and Lease Losses	(104,273	)	(104,033	)	(102,880	)	
     Net Loans and Leases	8,845,512	
 	8,590,064	
 	7,776,105	
 	
Total Earning Assets	15,637,579	
 	15,198,312	
 	14,617,489	
 	
Cash and Due from Banks	169,077	
 	127,326	
 	158,699	
 	
Premises and Equipment, Net	113,505	
 	110,288	
 	111,199	
 	
Accrued Interest Receivable	46,444	
 	46,925	
 	44,719	
 	
Foreclosed Real Estate	1,686	
 	1,747	
 	824	
 	
Mortgage Servicing Rights	23,663	
 	20,991	
 	23,002	
 	
Goodwill	31,517	
 	31,517	
 	31,517	
 	
Bank-Owned Life Insurance	274,188	
 	272,637	
 	268,175	
 	
Other Assets	194,708	
 	204,900	
 	199,392	
 	
Total Assets	$	16,492,367	
 	$	16,014,643	
 	$	15,455,016	

Liabilities	 	 	 	
Deposits	 	 	 	
   Noninterest-Bearing Demand	$	4,772,727	
 	$	4,437,963	
 	$	4,286,331	
 	
   Interest-Bearing Demand	2,934,107	
 	2,777,095	
 	2,761,930	
 	
   Savings	5,395,699	
 	5,306,880	
 	5,025,191	
 	
   Time	1,217,707	
 	1,286,427	
 	1,177,651	
 	
Total Deposits	14,320,240	
 	13,808,365	
 	13,251,103	
 	
Funds Purchased	9,616	
 	9,616	
 	7,333	
 	
Securities Sold Under Agreements to Repurchase	523,378	
 	551,683	
 	628,857	
 	
Other Debt	267,938	
 	267,954	
 	245,786	
 	
Retirement Benefits Payable	48,451	
 	47,522	
 	47,374	
 	
Accrued Interest Payable	5,334	
 	6,115	
 	5,032	
 	
Taxes Payable and Deferred Taxes	21,674	
 	24,922	
 	17,737	
 	
Other Liabilities	134,199	
 	134,607	
 	135,534	
 	
Total Liabilities	15,330,830	
 	14,850,784	
 	14,338,756	
 	
Shareholders' Equity	 	 	 	
Common Stock ($.01 par value; authorized 500,000,000 shares;	 	 	 	
   issued / outstanding: December 31, 2016 - 57,856,672 / 42,635,978;	 	 	 	
   September 30, 2016 - 57,854,843 / 42,733,513;	 	 	 	
   and December 31, 2015 - 57,749,071 / 43,282,153)	576	
 	576	
 	575	
 	
Capital Surplus	551,628	
 	549,064	
 	542,041	
 	
Accumulated Other Comprehensive Loss	(33,906	)	(14,812	)	(23,557	)	
Retained Earnings	1,415,440	
 	1,393,231	
 	1,316,260	
 	
Treasury Stock, at Cost (Shares: December 31, 2016 - 15,220,694;	 	 	 	
    September 30, 2016 - 15,121,330; and December 31, 2015 - 14,466,918)	(772,201	)	(764,200	)	(719,059	)	
Total Shareholders' Equity	1,161,537	
 	1,163,859	
 	1,116,260	
 	
Total Liabilities and Shareholders' Equity	$	16,492,367	
 	$	16,014,643	
 	$	15,455,016	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	
Consolidated Statements of Shareholders' Equity	 	 	 	Table 6	
 	
 	 	 	 	 	Accum.	
 	 	 	 	
 	 	 	 	 	Other	
 	 	 	 	
 	 	 	 	 	Compre-	
 	 	 	 	
 	 	 	 	 	hensive	
 	 	 	 	
 	Common Shares	 	Common	
 	Capital	
 	Income	
 	Retained	
 	Treasury	
 	 	
(dollars in thousands)	Outstanding	
 	Stock	
 	Surplus	
 	(Loss)	
 	Earnings	
 	Stock	
 	Total	
 	
Balance as of December 31, 2014	43,724,208	
 	$	574	
 	$	531,932	
 	$	(26,686	)	$	1,234,801	
 	$	(685,535	)	$	1,055,086	
 	
Net Income	—	
 	—	
 	—	
 	—	
 	160,704	
 	—	
 	160,704	
 	
Other Comprehensive Income	—	
 	—	
 	—	
 	3,129	
 	—	
 	—	
 	3,129	
 	
Share-Based Compensation	—	
 	—	
 	7,689	
 	—	
 	—	
 	—	
 	7,689	
 	
Common Stock Issued under Purchase and Equity	 	 	 	 	 	 	 	
 	Compensation Plans and Related Tax Benefits	401,904	
 	1	
 	2,420	
 	—	
 	(878	)	19,457	
 	21,000	
 	
Common Stock Repurchased	(843,959	)	—	
 	—	
 	—	
 	—	
 	(52,981	)	(52,981	)	
Cash Dividends Declared ($1.80 per share)	—	
 	—	
 	—	
 	—	
 	(78,367	)	—	
 	(78,367	)	
Balance as of December 31, 2015	43,282,153	
 	$	575	
 	$	542,041	
 	$	(23,557	)	$	1,316,260	
 	$	(719,059	)	$	1,116,260	
 	
Net Income	—	
 	—	
 	—	
 	—	
 	181,461	
 	—	
 	181,461	
 	
Other Comprehensive Loss	—	
 	—	
 	—	
 	(10,349	)	—	
 	—	
 	(10,349	)	
Share-Based Compensation	—	
 	—	
 	6,786	
 	—	
 	—	
 	—	
 	6,786	
 	
Common Stock Issued under Purchase and Equity	 	 	 	 	 	 	 	
 	Compensation Plans and Related Tax Benefits	259,985	
 	1	
 	2,801	
 	—	
 	(1,124	)	8,665	
 	10,343	
 	
Common Stock Repurchased	(906,160	)	—	
 	—	
 	—	
 	—	
 	(61,807	)	(61,807	)	
Cash Dividends Declared ($1.89 per share)	—	
 	—	
 	—	
 	—	
 	(81,157	)	—	
 	(81,157	)	
Balance as of December 31, 2016	42,635,978	
 	$	576	
 	$	551,628	
 	$	(33,906	)	$	1,415,440	
 	$	(772,201	)	$	1,161,537	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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	 	
 	 	December 31, 2016	 	September 30, 2016	 	December 31, 2015	 	
 	 	Average	
 	Income/	
 	Yield/	
 	 	Average	
 	Income/	
 	Yield/	
 	 	Average	
 	Income/	
 	Yield/	
 	 	
(dollars in millions)	Balance	
 	Expense	
 	Rate	
 	 	Balance	
 	Expense	
 	Rate	
 	 	Balance	
 	Expense	
 	Rate	
 	 	
Earning Assets	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits in Other Banks	$	4.0	
 	$	—	
 	0.10	
 	%	$	4.1	
 	$	—	
 	0.19	
 	%	$	3.8	
 	$	—	
 	0.10	
 	%	
Funds Sold	622.8	
 	0.8	
 	0.50	
 	 	585.9	
 	0.7	
 	0.46	
 	 	466.3	
 	0.3	
 	0.26	
 	 	
Investment Securities	 	 	 	 	 	 	 	 	 	 	 	 	
 	Available-for-Sale	 	 	 	 	 	 	 	 	 	 	 	 	
 	   Taxable	1,533.8	
 	6.7	
 	1.76	
 	 	1,574.9	
 	6.8	
 	1.72	
 	 	1,573.3	
 	7.1	
 	1.81	
 	 	
 	   Non-Taxable	668.7	
 	5.4	
 	3.21	
 	 	687.1	
 	5.4	
 	3.16	
 	 	718.5	
 	5.7	
 	3.18	
 	 	
 	Held-to-Maturity	 	 	 	 	 	 	 	 	 	 	 	 	
 	   Taxable	3,579.1	
 	17.7	
 	1.97	
 	 	3,563.8	
 	17.8	
 	1.99	
 	 	3,827.9	
 	20.2	
 	2.10	
 	 	
 	   Non-Taxable	242.7	
 	2.4	
 	3.89	
 	 	243.7	
 	2.4	
 	3.90	
 	 	246.6	
 	2.4	
 	3.92	
 	 	
Total Investment Securities	6,024.3	
 	32.2	
 	2.13	
 	 	6,069.5	
 	32.4	
 	2.13	
 	 	6,366.3	
 	35.4	
 	2.22	
 	 	
Loans Held for Sale	39.1	
 	0.3	
 	3.61	
 	 	57.7	
 	0.5	
 	3.52	
 	 	7.1	
 	0.1	
 	4.26	
 	 	
Loans and Leases 1	 	 	 	 	 	 	 	 	 	 	 	 	
 	Commercial and Industrial	1,223.6	
 	10.0	
 	3.25	
 	 	1,192.0	
 	9.8	
 	3.26	
 	 	1,155.2	
 	9.4	
 	3.22	
 	 	
 	Commercial Mortgage	1,833.8	
 	17.0	
 	3.68	
 	 	1,730.2	
 	15.4	
 	3.55	
 	 	1,653.9	
 	15.5	
 	3.71	
 	 	
 	Construction	276.0	
 	3.0	
 	4.36	
 	 	239.4	
 	2.6	
 	4.38	
 	 	140.9	
 	1.7	
 	4.90	
 	 	
 	Commercial Lease Financing	204.0	
 	1.1	
 	2.17	
 	 	195.1	
 	1.2	
 	2.38	
 	 	204.2	
 	1.8	
 	3.46	
 	 	
 	Residential Mortgage	3,139.4	
 	30.6	
 	3.90	
 	 	3,082.9	
 	30.4	
 	3.94	
 	 	2,895.3	
 	29.2	
 	4.04	
 	 	
 	Home Equity	1,317.1	
 	11.7	
 	3.54	
 	 	1,254.4	
 	11.3	
 	3.59	
 	 	1,027.4	
 	9.3	
 	3.61	
 	 	
 	Automobile	446.0	
 	5.8	
 	5.14	
 	 	426.2	
 	5.5	
 	5.15	
 	 	373.7	
 	4.9	
 	5.19	
 	 	
 	Other 2	373.9	
 	7.3	
 	7.76	
 	 	363.4	
 	7.0	
 	7.69	
 	 	334.7	
 	6.4	
 	7.57	
 	 	
Total Loans and Leases	8,813.8	
 	86.5	
 	3.91	
 	 	8,483.6	
 	83.2	
 	3.91	
 	 	7,785.3	
 	78.2	
 	4.00	
 	 	
Other	40.1	
 	0.3	
 	2.80	
 	 	39.9	
 	0.1	
 	1.66	
 	 	41.1	
 	0.4	
 	3.71	
 	 	
Total Earning Assets 3	15,544.1	
 	120.1	
 	3.08	
 	 	15,240.7	
 	116.9	
 	3.06	
 	 	14,669.9	
 	114.4	
 	3.11	
 	 	
Cash and Due from Banks	131.5	
 	 	 	 	133.2	
 	 	 	 	126.2	
 	 	 	 	
Other Assets	537.3	
 	 	 	 	532.9	
 	 	 	 	539.5	
 	 	 	 	
Total Assets	$	16,212.9	
 	 	 	 	$	15,906.8	
 	 	 	 	$	15,335.6	

Interest-Bearing Liabilities	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits	 	 	 	 	 	 	 	 	 	 	 	 	
 	Demand	$	2,760.5	
 	0.3	
 	0.04	
 	 	$	2,770.2	
 	0.2	
 	0.03	
 	 	$	2,653.2	
 	0.2	
 	0.03	
 	 	
 	Savings	5,339.5	
 	1.2	
 	0.09	
 	 	5,208.3	
 	1.1	
 	0.09	
 	 	5,028.8	
 	1.1	
 	0.09	
 	 	
 	Time	1,322.7	
 	2.0	
 	0.60	
 	 	1,272.6	
 	1.9	
 	0.59	
 	 	1,178.2	
 	1.1	
 	0.38	
 	 	
Total Interest-Bearing Deposits	9,422.7	
 	3.5	
 	0.15	
 	 	9,251.1	
 	3.2	
 	0.14	
 	 	8,860.2	
 	2.4	
 	0.11	
 	 	
Short-Term Borrowings	9.6	
 	—	
 	0.15	
 	 	8.7	
 	—	
 	0.13	
 	 	8.1	
 	—	
 	0.14	
 	 	
Securities Sold Under Agreements to Repurchase	533.7	
 	5.4	
 	3.96	
 	 	556.5	
 	5.7	
 	4.02	
 	 	630.5	
 	6.3	
 	3.88	
 	 	
Other Debt	267.9	
 	1.1	
 	1.66	
 	 	268.0	
 	1.1	
 	1.66	
 	 	306.4	
 	1.0	
 	1.34	
 	 	
Total Interest-Bearing Liabilities	10,233.9	
 	10.0	
 	0.38	
 	 	10,084.3	
 	10.0	
 	0.39	
 	 	9,805.2	
 	9.7	
 	0.39	
 	 	
Net Interest Income	 	$	110.1	
 	 	 	 	$	106.9	
 	 	 	 	$	104.7	
 	 	 	
 	Interest Rate Spread	 	 	2.70	
 	%	 	 	2.67	
 	%	 	 	2.72	
 	%	
 	Net Interest Margin	 	 	2.83	
 	%	 	 	2.80	
 	%	 	 	2.85	
 	%	
Noninterest-Bearing Demand Deposits	4,574.6	
 	 	 	 	4,436.1	
 	 	 	 	4,178.4	
 	 	 	 	
Other Liabilities	242.4	
 	 	 	 	224.7	
 	 	 	 	249.5	
 	 	 	 	
Shareholders' Equity	1,162.0	
 	 	 	 	1,161.7	
 	 	 	 	1,102.5	
 	 	 	 	
Total Liabilities and Shareholders' Equity	$	16,212.9	
 	 	 	 	$	15,906.8	
 	 	 	 	$	15,335.6	

 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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 $3,034,000, $2,967,000, and $3,016,000 for the three months	 	
 	ended December 31, 2016, September 30, 2016, and December 31, 2015, respectively.	 	 	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	
Average Balances and Interest Rates - Taxable-Equivalent Basis	 	 	 	Table 7b	
 	 	
 	 	Year Ended	 	Year Ended	 	
 	 	December 31, 2016	 	December 31, 2015	 	
 	 	Average	
 	Income/	
 	Yield/	
 	 	Average	
 	Income/	
 	Yield/	
 	 	
(dollars in millions)	Balance	
 	Expense	
 	Rate	
 	 	Balance	
 	Expense	
 	Rate	
 	 	
Earning Assets	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits in Other Banks	$	4.1	
 	$	—	
 	0.22	
 	%	$	3.4	
 	$	—	
 	0.22	
 	%	
Funds Sold	595.9	
 	2.8	
 	0.48	
 	 	483.1	
 	1.1	
 	0.23	
 	 	
Investment Securities	 	 	 	 	 	 	 	 	
 	Available-for-Sale	 	 	 	 	 	 	 	 	
 	   Taxable	1,579.1	
 	27.7	
 	1.75	
 	 	1,554.2	
 	26.6	
 	1.71	
 	 	
 	   Non-Taxable	690.6	
 	21.9	
 	3.17	
 	 	721.7	
 	22.9	
 	3.18	
 	 	
 	Held-to-Maturity	 	 	 	 	 	 	 	 	
 	   Taxable	3,615.2	
 	72.9	
 	2.02	
 	 	3,981.2	
 	83.3	
 	2.09	
 	 	
 	   Non-Taxable	244.1	
 	9.5	
 	3.90	
 	 	247.8	
 	9.8	
 	3.93	
 	 	
Total Investment Securities	6,129.0	
 	132.0	
 	2.15	
 	 	6,504.9	
 	142.6	
 	2.19	
 	 	
Loans Held for Sale	32.3	
 	1.2	
 	3.59	
 	 	8.7	
 	0.3	
 	3.83	
 	 	
Loans and Leases 1	 	 	 	 	 	 	 	 	
 	Commercial and Industrial	1,179.9	
 	40.3	
 	3.42	
 	 	1,152.3	
 	36.6	
 	3.18	
 	 	
 	Commercial Mortgage	1,735.2	
 	64.5	
 	3.72	
 	 	1,543.5	
 	58.5	
 	3.79	
 	 	
 	Construction	224.2	
 	10.0	
 	4.43	
 	 	123.9	
 	5.9	
 	4.79	
 	 	
 	Commercial Lease Financing	198.6	
 	4.8	
 	2.40	
 	 	217.8	
 	7.5	
 	3.46	
 	 	
 	Residential Mortgage	3,037.0	
 	120.6	
 	3.97	
 	 	2,774.7	
 	113.9	
 	4.10	
 	 	
 	Home Equity	1,211.9	
 	43.7	
 	3.61	
 	 	944.0	
 	34.2	
 	3.63	
 	 	
 	Automobile	416.8	
 	21.5	
 	5.16	
 	 	352.3	
 	18.4	
 	5.21	
 	 	
 	Other 2	358.6	
 	27.7	
 	7.72	
 	 	315.1	
 	23.7	
 	7.51	
 	 	
Total Loans and Leases	8,362.2	
 	333.1	
 	3.98	
 	 	7,423.6	
 	298.7	
 	4.02	
 	 	
Other	39.2	
 	0.8	
 	2.07	
 	 	49.0	
 	1.3	
 	2.67	
 	 	
Total Earning Assets 3	15,162.7	
 	469.9	
 	3.10	
 	 	14,472.7	
 	444.0	
 	3.07	
 	 	
Cash and Due from Banks	129.0	
 	 	 	 	130.0	
 	 	 	 	
Other Assets	533.7	
 	 	 	 	533.8	
 	 	 	 	
Total Assets	$	15,825.4	
 	 	 	 	$	15,136.5	

Interest-Bearing Liabilities	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits	 	 	 	 	 	 	 	 	
 	Demand	$	2,757.6	
 	0.9	
 	0.03	
 	 	$	2,616.4	
 	0.8	
 	0.03	
 	 	
 	Savings	5,217.9	
 	4.6	
 	0.09	
 	 	5,015.6	
 	4.4	
 	0.09	
 	 	
 	Time	1,254.9	
 	7.1	
 	0.57	
 	 	1,252.9	
 	4.4	
 	0.35	
 	 	
Total Interest-Bearing Deposits	9,230.4	
 	12.6	
 	0.14	
 	 	8,884.9	
 	9.6	
 	0.11	
 	 	
Short-Term Borrowings	8.4	
 	—	
 	0.15	
 	 	8.4	
 	—	
 	0.15	
 	 	
Securities Sold Under Agreements to Repurchase	569.8	
 	23.4	
 	4.11	
 	 	655.9	
 	25.4	
 	3.87	
 	 	
Other Debt	248.8	
 	4.3	
 	1.71	
 	 	219.7	
 	3.0	
 	1.37	
 	 	
Total Interest-Bearing Liabilities	10,057.4	
 	40.3	
 	0.40	
 	 	9,768.9	
 	38.0	
 	0.39	
 	 	
Net Interest Income	 	$	429.6	
 	 	 	 	$	406.0	
 	 	 	
 	Interest Rate Spread	 	 	2.70	
 	%	 	 	2.68	
 	%	
 	Net Interest Margin	 	 	2.83	
 	%	 	 	2.81	
 	%	
Noninterest-Bearing Demand Deposits	4,389.1	
 	 	 	 	4,040.3	
 	 	 	 	
Other Liabilities	229.6	
 	 	 	 	243.2	
 	 	 	 	
Shareholders' Equity	1,149.3	
 	 	 	 	1,084.1	
 	 	 	 	
Total Liabilities and Shareholders' Equity	$	15,825.4	
 	 	 	 	$	15,136.5	

 	 	 	 	 	 	 	 	 	 	
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 $11,991,000 and $11,937,000 for the year	 	
 	ended December 31, 2016 and December 31,2015, respectively.	 	 	 	 	 	

 	
 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	
Analysis of Change in Net Interest Income - Taxable-Equivalent Basis	 	Table 8a	
 	
 	Three Months Ended December 31, 2016	
 	Compared to September 30, 2016	
(dollars in millions)	Volume 1	
 	Rate 1	
 	Total	
 	
Change in Interest Income:	 	 	 	
Funds Sold	$	—	
 	$	0.1	
 	$	0.1	
 	
Investment Securities	 	 	 	
   Available-for-Sale	 	 	 	
      Taxable	(0.2	)	0.1	
 	(0.1	)	
      Non-Taxable	(0.1	)	0.1	
 	—	
 	
   Held-to-Maturity	 	 	 	
      Taxable	0.1	
 	(0.2	)	(0.1	)	
Total Investment Securities	(0.2	)	—	
 	(0.2	)	
Loans Held for Sale	(0.2	)	—	
 	(0.2	)	
Loans and Leases	

 	
   Commercial and Industrial	0.2	
 	—	
 	0.2	
 	
   Commercial Mortgage	1.0	
 	0.6	
 	1.6	
 	
   Construction	0.4	
 	—	
 	0.4	
 	
   Commercial Lease Financing	—	
 	(0.1	)	(0.1	)	
   Residential Mortgage	0.5	
 	(0.3	)	0.2	
 	
   Home Equity	0.6	
 	(0.2	)	0.4	
 	
   Automobile	0.3	
 	—	
 	0.3	
 	
   Other 2	0.2	
 	0.1	
 	0.3	
 	
Total Loans and Leases	3.2	
 	0.1	
 	3.3	
 	
Other	0.1	
 	0.1	
 	0.2	
 	
Total Change in Interest Income	2.9	
 	0.3	
 	3.2	

Change in Interest Expense:	 	 	 	
Interest-Bearing Deposits	 	 	 	
   Demand	—	
 	0.1	
 	0.1	
 	
   Savings	0.1	
 	—	
 	0.1	
 	
   Time	0.1	
 	—	
 	0.1	
 	
Total Interest-Bearing Deposits	0.2	
 	0.1	
 	0.3	
 	
Securities Sold Under Agreements to Repurchase	(0.2	)	(0.1	)	(0.3	)	
Total Change in Interest Expense	—	
 	—	
 	—	

Change in Net Interest Income	$	2.9	
 	$	0.3	
 	$	3.2	

 	 	 	 	
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 Basis	 	Table 8b	
 	
 	Three Months Ended December 31, 2016	
 	Compared to December 31, 2015	
(dollars in millions)	Volume 1	
 	Rate 1	
 	Total	
 	
Change in Interest Income:	 	 	 	
Funds Sold	$	0.1	
 	$	0.4	
 	$	0.5	
 	
Investment Securities	 	 	 	
   Available-for-Sale	 	 	 	
      Taxable	(0.2	)	(0.2	)	(0.4	)	
      Non-Taxable	(0.4	)	0.1	
 	(0.3	)	
   Held-to-Maturity	 	 	 	
      Taxable	(1.3	)	(1.2	)	(2.5	)	
Total Investment Securities	(1.9	)	(1.3	)	(3.2	)	
Loans Held for Sale	0.3	
 	(0.1	)	0.2	
 	
Loans and Leases	 	 	 	
   Commercial and Industrial	0.5	
 	0.1	
 	0.6	
 	
   Commercial Mortgage	1.6	
 	(0.1	)	1.5	
 	
   Construction	1.5	
 	(0.2	)	1.3	
 	
   Commercial Lease Financing	—	
 	(0.7	)	(0.7	)	
   Residential Mortgage	2.4	
 	(1.0	)	1.4	
 	
   Home Equity	2.6	
 	(0.2	)	2.4	
 	
   Automobile	1.0	
 	(0.1	)	0.9	
 	
   Other 2	0.7	
 	0.2	
 	0.9	
 	
Total Loans and Leases	10.3	
 	(2.0	)	8.3	
 	
Other	—	
 	(0.1	)	(0.1	)	
Total Change in Interest Income	8.8	
 	(3.1	)	5.7	

Change in Interest Expense:	 	 	 	
Interest-Bearing Deposits	 	 	 	
   Demand	—	
 	0.1	
 	0.1	
 	
   Savings	0.1	
 	—	
 	0.1	
 	
   Time	0.2	
 	0.7	
 	0.9	
 	
Total Interest-Bearing Deposits	0.3	
 	0.8	
 	1.1	
 	
Securities Sold Under Agreements to Repurchase	(1.0	)	0.1	
 	(0.9	)	
Other Debt	(0.1	)	0.2	
 	0.1	
 	
Total Change in Interest Expense	(0.8	)	1.1	
 	0.3	

Change in Net Interest Income	$	9.6	
 	$	(4.2	)	$	5.4	

 	 	 	 	
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 Basis	 	Table 8c	
 	
 	Year Ended December 31, 2016	
 	Compared to December 31, 2015	
(dollars in millions)	Volume 1	
 	Rate 1	
 	Total	
 	
Change in Interest Income:	 	 	 	
Funds Sold	$	0.3	
 	$	1.4	
 	$	1.7	
 	
Investment Securities	 	 	 	
   Available-for-Sale	 	 	 	
      Taxable	0.4	
 	0.7	
 	1.1	
 	
      Non-Taxable	(1.0	)	—	
 	(1.0	)	
   Held-to-Maturity	 	 	 	
      Taxable	(7.4	)	(3.0	)	(10.4	)	
      Non-Taxable	(0.2	)	(0.1	)	(0.3	)	
Total Investment Securities	(8.2	)	(2.4	)	(10.6	)	
Loans Held for Sale	0.9	
 	—	
 	0.9	
 	
Loans and Leases	 	 	 	
   Commercial and Industrial	0.9	
 	2.8	
 	3.7	
 	
   Commercial Mortgage	7.1	
 	(1.1	)	6.0	
 	
   Construction	4.6	
 	(0.5	)	4.1	
 	
   Commercial Lease Financing	(0.6	)	(2.1	)	(2.7	)	
   Residential Mortgage	10.5	
 	(3.8	)	6.7	
 	
   Home Equity	9.7	
 	(0.2	)	9.5	
 	
   Automobile	3.3	
 	(0.2	)	3.1	
 	
   Other 2	3.3	
 	0.7	
 	4.0	
 	
Total Loans and Leases	38.8	
 	(4.4	)	34.4	
 	
Other	(0.2	)	(0.3	)	(0.5	)	
Total Change in Interest Income	31.6	
 	(5.7	)	25.9	

Change in Interest Expense:	 	 	 	
Interest-Bearing Deposits	 	 	 	
   Demand	—	
 	0.1	
 	0.1	
 	
   Savings	0.2	
 	—	
 	0.2	
 	
   Time	—	
 	2.7	
 	2.7	
 	
Total Interest-Bearing Deposits	0.2	
 	2.8	
 	3.0	
 	
Securities Sold Under Agreements to Repurchase	(3.5	)	1.5	
 	(2.0	)	
Other Debt	0.5	
 	0.8	
 	1.3	
 	
Total Change in Interest Expense	(2.8	)	5.1	
 	2.3	

Change in Net Interest Income	$	34.4	
 	$	(10.8	)	$	23.6	

 	 	 	 	
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	 	Year Ended	
 	December 31,	September 30,	December 31,	 	December 31,	
(dollars in thousands)	2016	2016	2015	 	2016	2015	
Salaries	$	29,382	
 	$	29,401	
 	$	29,356	
 	 	$	116,721	
 	$	114,389	
 	
Incentive Compensation	5,784	
 	5,743	
 	4,971	
 	 	23,409	
 	18,667	
 	
Share-Based Compensation	4,126	
 	2,968	
 	2,678	
 	 	12,150	
 	10,390	
 	
Commission Expense	1,955	
 	2,051	
 	1,375	
 	 	7,514	
 	6,533	
 	
Retirement and Other Benefits	4,350	
 	3,866	
 	4,056	
 	 	17,262	
 	16,968	
 	
Payroll Taxes	2,044	
 	2,224	
 	2,032	
 	 	10,133	
 	10,095	
 	
Medical, Dental, and Life Insurance	2,908	
 	3,366	
 	3,077	
 	 	13,038	
 	11,580	
 	
Separation Expense	73	
 	106	
 	452	
 	 	923	
 	3,341	
 	
Total Salaries and Benefits	$	50,622	
 	$	49,725	
 	$	47,997	
 	 	$	201,150	
 	$	191,963	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	
Loan and Lease Portfolio Balances	 	 	 	Table 10	
 	
 	 	December 31,	
 	September 30,	
 	June 30,	
 	March 31,	
 	December 31,	
 	
(dollars in thousands)	2016	
 	2016	
 	2016	
 	2016	
 	2015	
 	
Commercial	 	 	 	 	 	
 	Commercial and Industrial	$	1,249,791	
 	$	1,217,849	
 	$	1,174,879	
 	$	1,180,341	
 	$	1,115,168	
 	
 	Commercial Mortgage	1,889,551	
 	1,807,190	
 	1,712,271	
 	1,687,199	
 	1,677,147	
 	
 	Construction	270,018	
 	263,079	
 	226,062	
 	192,909	
 	156,660	
 	
 	Lease Financing	208,332	
 	201,436	
 	192,630	
 	195,804	
 	204,877	
 	
Total Commercial	3,617,692	
 	3,489,554	
 	3,305,842	
 	3,256,253	
 	3,153,852	
 	
Consumer	 	 	 	 	 	
 	Residential Mortgage	3,163,073	
 	3,098,936	
 	3,032,981	
 	2,929,388	
 	2,925,605	
 	
 	Home Equity	1,334,163	
 	1,295,993	
 	1,213,154	
 	1,131,796	
 	1,069,400	
 	
 	Automobile	454,333	
 	437,659	
 	417,017	
 	399,825	
 	381,735	
 	
 	Other 1	380,524	
 	371,955	
 	362,475	
 	348,348	
 	348,393	
 	
Total Consumer	5,332,093	
 	5,204,543	
 	5,025,627	
 	4,809,357	
 	4,725,133	
 	
Total Loans and Leases	$	8,949,785	
 	$	8,694,097	
 	$	8,331,469	
 	$	8,065,610	
 	$	7,878,985	

 	 	 	 	 	 	 	
Deposits	 	 	 	 	
 	 	December 31,	
 	September 30,	
 	June 30,	
 	March 31,	
 	December 31,	
 	
(dollars in thousands)	2016	
 	2016	
 	2016	
 	2016	
 	2015	
 	
Consumer	$	6,997,482	
 	$	6,781,371	
 	$	6,618,164	
 	$	6,568,651	
 	$	6,445,510	
 	
Commercial	6,110,189	
 	5,751,184	
 	5,697,490	
 	5,678,987	
 	5,502,739	
 	
Public and Other	1,212,569	
 	1,275,810	
 	1,328,153	
 	1,241,254	
 	1,302,854	
 	
Total Deposits	$	14,320,240	
 	$	13,808,365	
 	$	13,643,807	
 	$	13,488,892	
 	$	13,251,103	

 	 	 	 	 	 	 	
1  Comprised of other revolving credit, installment, and lease financing.	 	 	 	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	
Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More	 	Table 11	
 	
 	 	 	December 31,	
 	September 30,	
 	June 30,	
 	March 31,	
 	December 31,	
 	
(dollars in thousands)	2016	
 	2016	
 	2016	
 	2016	
 	2015	
 	
Non-Performing Assets	 	 	 	 	 	
Non-Accrual Loans and Leases	 	 	 	 	 	
 	Commercial	 	 	 	 	 	
 	 	Commercial and Industrial	$	151	
 	$	201	
 	$	269	
 	$	666	
 	$	5,829	
 	
 	 	Commercial Mortgage	997	
 	1,023	
 	1,194	
 	3,401	
 	3,469	
 	
 	Total Commercial	1,148	
 	1,224	
 	1,463	
 	4,067	
 	9,298	
 	
 	Consumer	 	 	 	 	 	
 	 	Residential Mortgage	13,780	
 	12,735	
 	9,979	
 	13,719	
 	14,598	
 	
 	 	Home Equity	3,147	
 	2,966	
 	3,110	
 	2,501	
 	4,081	
 	
 	Total Consumer	16,927	
 	15,701	
 	13,089	
 	16,220	
 	18,679	
 	
Total Non-Accrual Loans and Leases	18,075	
 	16,925	
 	14,552	
 	20,287	
 	27,977	
 	
Foreclosed Real Estate	1,686	
 	1,747	
 	1,728	
 	1,728	
 	824	
 	
Total Non-Performing Assets	$	19,761	
 	$	18,672	
 	$	16,280	
 	$	22,015	
 	$	28,801	

Accruing Loans and Leases Past Due 90 Days or More	 	 	 	 	
Consumer	 	 	 	 	 	
 	Residential Mortgage	$	3,127	
 	$	2,583	
 	$	5,640	
 	$	4,219	
 	$	4,453	
 	
 	Home Equity	1,457	
 	1,210	
 	1,128	
 	2,096	
 	1,710	
 	
 	Automobile	894	
 	578	
 	464	
 	524	
 	315	
 	
 	Other 1	1,592	
 	1,273	
 	1,518	
 	1,099	
 	1,096	
 	
Total Consumer	7,070	
 	5,644	
 	8,750	
 	7,938	
 	7,574	
 	
Total Accruing Loans and Leases Past Due 90 Days or More	$	7,070	
 	$	5,644	
 	$	8,750	
 	$	7,938	
 	$	7,574	
 	
Restructured Loans on Accrual Status	 	 	 	 	 	
   and Not Past Due 90 Days or More	$	52,208	
 	$	52,095	
 	$	52,173	
 	$	50,707	
 	$	49,430	
 	
Total Loans and Leases	$	8,949,785	
 	$	8,694,097	
 	$	8,331,469	
 	$	8,065,610	
 	$	7,878,985	

Ratio of Non-Accrual Loans and Leases to Total Loans and Leases	0.20	%	0.19	%	0.17	%	0.25	%	0.36	%	
 	 	 	 	 	 	 	 	
Ratio of Non-Performing Assets to Total Loans and Leases	 	 	 	 	 	
 	and Foreclosed Real Estate	0.22	%	0.21	%	0.20	%	0.27	%	0.37	%	
 	 	 	 	 	 	 	 	
Ratio of Commercial Non-Performing Assets to Total Commercial Loans	 	 	 	 	 	
 	and Leases and Commercial Foreclosed Real Estate	0.03	%	0.04	%	0.04	%	0.12	%	0.29	%	
 	 	 	 	 	 	 	 	
Ratio of Consumer Non-Performing Assets to Total Consumer Loans	 	 	 	 	 	
 	and Leases and Consumer Foreclosed Real Estate	0.35	%	0.34	%	0.29	%	0.37	%	0.41	%	
 	 	 	 	 	 	 	 	
Ratio of Non-Performing Assets and Accruing Loans and Leases	 	 	 	 	
 	Past Due 90 Days or More to Total Loans and Leases	 	 	 	 	 	
 	and Foreclosed Real Estate	0.30	%	0.28	%	0.30	%	0.37	%	0.46	%	
 	 	 	 	 	 	 	 	
Quarter to Quarter Changes in Non-Performing Assets	 	 	 	 	 	
Balance at Beginning of Quarter	$	18,672	
 	$	16,280	
 	$	22,015	
 	$	28,801	
 	$	29,545	
 	
Additions	2,142	
 	3,730	
 	1,300	
 	4,002	
 	2,353	
 	
Reductions	 	 	 	 	 	
 	Payments	(252	)	(501	)	(3,401	)	(6,012	)	(2,473	)	
 	Return to Accrual Status	(653	)	(701	)	(3,560	)	(4,272	)	(24	)	
 	Sales of Foreclosed Real Estate	(61	)	—	
 	—	
 	(248	)	(458	)	
 	Charge-offs/Write-downs	(87	)	(136	)	(74	)	(256	)	(142	)	
Total Reductions	(1,053	)	(1,338	)	(7,035	)	(10,788	)	(3,097	)	
Balance at End of Quarter	$	19,761	
 	$	18,672	
 	$	16,280	
 	$	22,015	
 	$	28,801	

 	 	 	 	 	 	 	 	
1 Comprised of other revolving credit, installment, and lease financing.	 	 	 	 	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	 	
Reserve for Credit Losses	 	 	 	 	 	Table 12	
 	
 	 	 	Three Months Ended	 	Year Ended	
 	 	 	December 31,	September 30,	December 31,	 	December 31,	
(dollars in thousands)	2016	2016	2015	 	2016	2015	
Balance at Beginning of Period	$	110,605	
 	$	110,504	
 	$	110,110	
 	 	$	108,952	
 	$	114,575	
 	
Loans and Leases Charged-Off	 	 	 	 	 	 	
 	Commercial	 	 	 	 	 	 	
 	 	Commercial and Industrial	(195	)	(209	)	(304	)	 	(865	)	(954	)	
 	Consumer	 	 	 	 	 	 	
 	 	Residential Mortgage	(335	)	(104	)	—	
 	 	(723	)	(613	)	
 	 	Home Equity	(256	)	(222	)	(269	)	 	(1,104	)	(1,330	)	
 	 	Automobile	(1,720	)	(1,703	)	(1,719	)	 	(6,355	)	(5,860	)	
 	 	Other 1	(2,445	)	(2,678	)	(2,170	)	 	(9,462	)	(7,682	)	
Total Loans and Leases Charged-Off	(4,951	)	(4,916	)	(4,462	)	 	(18,509	)	(16,439	)	
Recoveries on Loans and Leases Previously Charged-Off	 	 	 	 	 	 	
 	Commercial	 	 	 	 	 	 	
 	 	Commercial and Industrial	506	
 	282	
 	420	
 	 	8,058	
 	1,948	
 	
 	 	Commercial Mortgage	11	
 	14	
 	18	
 	 	53	
 	61	
 	
 	 	Construction	—	
 	—	
 	8	
 	 	23	
 	32	
 	
 	 	Lease Financing	1	
 	—	
 	1	
 	 	3	
 	132	
 	
 	Consumer	 	 	 	 	 	 	
 	 	Residential Mortgage	154	
 	517	
 	577	
 	 	1,151	
 	1,297	
 	
 	 	Home Equity	323	
 	618	
 	349	
 	 	1,776	
 	2,489	
 	
 	 	Automobile	459	
 	615	
 	519	
 	 	2,207	
 	1,917	
 	
 	 	Other 1	487	
 	471	
 	412	
 	 	1,881	
 	1,755	
 	
Total Recoveries on Loans and Leases Previously Charged-Off	1,941	
 	2,517	
 	2,304	
 	 	15,152	
 	9,631	
 	
Net Loans and Leases Charged-Off	(3,010	)	(2,399	)	(2,158	)	 	(3,357	)	(6,808	)	
Provision for Credit Losses	3,250	
 	2,500	
 	1,000	
 	 	4,750	
 	1,000	
 	
Provision for Unfunded Commitments	—	
 	—	
 	—	
 	 	500	
 	185	
 	
Balance at End of Period 2	$	110,845	
 	$	110,605	
 	$	108,952	
 	 	$	110,845	
 	$	108,952	

Components	 	 	 	 	 	 	
Allowance for Loan and Lease Losses	$	104,273	
 	$	104,033	
 	$	102,880	
 	 	$	104,273	
 	$	102,880	
 	
Reserve for Unfunded Commitments	6,572	
 	6,572	
 	6,072	
 	 	6,572	
 	6,072	
 	
Total Reserve for Credit Losses	$	110,845	
 	$	110,605	
 	$	108,952	
 	 	$	110,845	
 	$	108,952	

Average Loans and Leases Outstanding	$	8,813,755	
 	$	8,483,588	
 	$	7,785,346	
 	 	$	8,362,210	
 	$	7,423,572	

Ratio of Net Loans and Leases Charged-Off to	 	 	 	 	 	 	
 	Average Loans and Leases Outstanding (annualized)	0.14	%	0.11	%	0.11	%	 	0.04	%	0.09	%	
Ratio of Allowance for Loan and Lease Losses to Loans and Leases
       Outstanding	1.17	%	1.20	%	1.31	%	 	1.17	%	1.31	%	

1  Comprised of other revolving credit, installment, and lease financing.	
2  Included in this analysis is activity related to the Company's reserve for unfunded commitments, which is separately recorded in other liabilities in the Consolidated Statements of Condition.	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	
Business Segments Selected Financial Information	 	 	Table 13a	
 	
 	Retail	
 	Commercial	
 	Investment	
 	Treasury	
 	Consolidated	
 	
(dollars in thousands)	Banking	
 	Banking	
 	Services	
 	and Other	
 	Total	
 	
Three Months Ended December 31, 2016	 	 	 	 	 	
Net Interest Income	$	63,169	
 	$	40,968	
 	$	6,196	
 	$	(3,240	)	$	107,093	
 	
Provision for Credit Losses	3,285	
 	(270	)	(5	)	240	
 	3,250	
 	
Net Interest Income After Provision for Credit Losses	59,884	
 	41,238	
 	6,201	
 	(3,480	)	103,843	
 	
Noninterest Income	24,460	
 	5,952	
 	13,764	
 	2,327	
 	46,503	
 	
Noninterest Expense	(52,998	)	(17,926	)	(14,996	)	(3,669	)	(89,589	)	
Income Before Provision for Income Taxes	31,346	
 	29,264	
 	4,969	
 	(4,822	)	60,757	
 	
Provision for Income Taxes	(11,109	)	(10,330	)	(1,839	)	6,034	
 	(17,244	)	
Net Income	$	20,237	
 	$	18,934	
 	$	3,130	
 	$	1,212	
 	$	43,513	
 	
Total Assets as of December 31, 2016	$	5,342,078	
 	$	3,565,912	
 	$	280,410	
 	$	7,303,967	
 	$	16,492,367	

 	 	 	 	 	 	
Three Months Ended December 31, 2015  1	 	 	 	 	 	
Net Interest Income	$	51,628	
 	$	36,652	
 	$	5,341	
 	$	8,023	
 	$	101,644	
 	
Provision for Credit Losses	2,373	
 	(209	)	(7	)	(1,157	)	1,000	
 	
Net Interest Income After Provision for Credit Losses	49,255	
 	36,861	
 	5,348	
 	9,180	
 	100,644	
 	
Noninterest Income	21,268	
 	5,774	
 	14,065	
 	3,659	
 	44,766	
 	
Noninterest Expense	(50,111	)	(17,261	)	(14,659	)	(3,696	)	(85,727	)	
Income Before Provision for Income Taxes	20,412	
 	25,374	
 	4,754	
 	9,143	
 	59,683	
 	
Provision for Income Taxes	(7,233	)	(8,985	)	(1,759	)	1,126	
 	(16,851	)	
Net Income	$	13,179	
 	$	16,389	
 	$	2,995	
 	$	10,269	
 	$	42,832	
 	
Total Assets as of December 31, 2015  1	$	4,680,888	
 	$	3,099,175	
 	$	274,469	
 	$	7,400,484	
 	$	15,455,016	

 	 	 	 	 	 	
1  Certain prior period information has been reclassified to conform to current presentation.	 	 	 	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	
Business Segments Selected Financial Information	 	 	Table 13b	
 	
 	Retail	
 	Commercial	
 	Investment	
 	Treasury	
 	Consolidated	
 	
(dollars in thousands)	Banking	
 	Banking	
 	Services	
 	and Other	
 	Total	
 	
Year Ended December 31, 2016	 	 	 	 	 	
Net Interest Income	$	242,967	
 	$	156,080	
 	$	24,714	
 	$	(6,182	)	$	417,579	
 	
Provision for Credit Losses	10,700	
 	(7,322	)	(23	)	1,395	
 	4,750	
 	
Net Interest Income After Provision for Credit Losses	232,267	
 	163,402	
 	24,737	
 	(7,577	)	412,829	
 	
Noninterest Income	91,824	
 	26,967	
 	57,396	
 	21,156	
 	197,343	
 	
Noninterest Expense	(208,389	)	(70,405	)	(59,782	)	(12,002	)	(350,578	)	
Income Before Provision for Income Taxes	115,702	
 	119,964	
 	22,351	
 	1,577	
 	259,594	
 	
Provision for Income Taxes	(41,067	)	(42,667	)	(8,270	)	13,871	
 	(78,133	)	
Net Income	$	74,635	
 	$	77,297	
 	$	14,081	
 	$	15,448	
 	$	181,461	
 	
Total Assets as of December 31, 2016	$	5,342,078	
 	$	3,565,912	
 	$	280,410	
 	$	7,303,967	
 	$	16,492,367	

 	 	 	 	 	 	
Year Ended December 31, 2015 1	 	 	 	 	 	
Net Interest Income	$	202,259	
 	$	143,944	
 	$	18,494	
 	$	29,390	
 	$	394,087	
 	
Provision for Credit Losses	8,033	
 	(1,165	)	(43	)	(5,825	)	1,000	
 	
Net Interest Income After Provision for Credit Losses	194,226	
 	145,109	
 	18,537	
 	35,215	
 	393,087	
 	
Noninterest Income	82,391	
 	22,191	
 	58,835	
 	22,802	
 	186,219	
 	
Noninterest Expense	(199,572	)	(77,500	)	(57,852	)	(13,180	)	(348,104	)	
Income Before Provision for Income Taxes	77,045	
 	89,800	
 	19,520	
 	44,837	
 	231,202	
 	
Provision for Income Taxes	(27,330	)	(31,375	)	(7,222	)	(4,571	)	(70,498	)	
Net Income	$	49,715	
 	$	58,425	
 	$	12,298	
 	$	40,266	
 	$	160,704	
 	
Total Assets as of December 31, 2015 1	$	4,680,888	
 	$	3,099,175	
 	$	274,469	
 	$	7,400,484	
 	$	15,455,016	

 	 	 	 	 	 	
1  Certain prior period information has been reclassified to conform to current presentation.	 	 	 	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	 	 	 	
Selected Quarterly Financial Data	 	 	 	 	 	 	 	Table 14	
 	 	
 	Three Months Ended	 	
 	December 31,	
 	 	September 30,	
 	 	June 30,	
 	 	March 31,	
 	 	December 31,	
 	 	
(dollars in thousands, except per share amounts)	2016	
 	 	2016	
 	 	2016	
 	 	2016	
 	 	2015	
 	 	
Quarterly Operating Results	 	 	 	 	 	 	 	 	 	 	
Interest Income	 	 	 	 	 	 	 	 	 	 	
   Interest and Fees on Loans and Leases	$	86,532	
 	 	$	83,489	
 	 	$	82,323	
 	 	$	80,895	
 	 	$	78,122	
 	 	
   Income on Investment Securities	 	 	 	 	 	 	 	 	 	 	
      Available-for-Sale	10,244	
 	 	10,313	
 	 	10,521	
 	 	10,814	
 	 	10,829	
 	 	
      Held-to-Maturity	19,213	
 	 	19,315	
 	 	20,168	
 	 	20,391	
 	 	21,722	
 	 	
   Deposits	2	
 	 	1	
 	 	2	
 	 	4	
 	 	1	
 	 	
   Funds Sold	795	
 	 	695	
 	 	618	
 	 	753	
 	 	315	
 	 	
   Other	281	
 	 	166	
 	 	153	
 	 	212	
 	 	381	
 	 	
Total Interest Income	117,067	
 	 	113,979	
 	 	113,785	
 	 	113,069	
 	 	111,370	
 	 	
Interest Expense	 	 	 	 	 	 	 	 	 	 	
   Deposits	3,448	
 	 	3,232	
 	 	3,081	
 	 	2,886	
 	 	2,443	
 	 	
   Securities Sold Under Agreements to Repurchase	5,406	
 	 	5,713	
 	 	6,134	
 	 	6,153	
 	 	6,246	
 	 	
   Funds Purchased	3	
 	 	3	
 	 	3	
 	 	3	
 	 	3	
 	 	
   Other Debt	1,117	
 	 	1,119	
 	 	1,017	
 	 	1,003	
 	 	1,034	
 	 	
Total Interest Expense	9,974	
 	 	10,067	
 	 	10,235	
 	 	10,045	
 	 	9,726	
 	 	
Net Interest Income	107,093	
 	 	103,912	
 	 	103,550	
 	 	103,024	
 	 	101,644	
 	 	
Provision for Credit Losses	3,250	
 	 	2,500	
 	 	1,000	
 	 	(2,000	)	 	1,000	
 	 	
Net Interest Income After Provision for Credit Losses	103,843	
 	 	101,412	
 	 	102,550	
 	 	105,024	
 	 	100,644	
 	 	
Noninterest Income	 	 	 	 	 	 	 	 	 	 	
   Trust and Asset Management	11,232	
 	 	11,008	
 	 	12,707	
 	 	11,256	
 	 	11,243	
 	 	
   Mortgage Banking	6,256	
 	 	6,362	
 	 	4,088	
 	 	3,189	
 	 	3,130	
 	 	
   Service Charges on Deposit Accounts	8,537	
 	 	8,524	
 	 	8,150	
 	 	8,443	
 	 	8,663	
 	 	
   Fees, Exchange, and Other Service Charges	13,731	
 	 	14,023	
 	 	13,978	
 	 	13,444	
 	 	13,764	
 	 	
   Investment Securities Gains (Losses), Net	(337	)	 	(328	)	 	(312	)	 	11,180	
 	 	(181	)	 	
   Annuity and Insurance	1,457	
 	 	1,653	
 	 	2,006	
 	 	1,901	
 	 	2,014	
 	 	
   Bank-Owned Life Insurance	1,551	
 	 	1,911	
 	 	1,551	
 	 	1,548	
 	 	1,608	
 	 	
   Other	4,076	
 	 	4,961	
 	 	4,351	
 	 	5,246	
 	 	4,525	
 	 	
Total Noninterest Income	46,503	
 	 	48,114	
 	 	46,519	
 	 	56,207	
 	 	44,766	
 	 	
Noninterest Expense	 	 	 	 	 	 	 	 	 	 	
   Salaries and Benefits	50,622	
 	 	49,725	
 	 	50,289	
 	 	50,514	
 	 	47,997	
 	 	
   Net Occupancy	7,581	
 	 	8,510	
 	 	7,158	
 	 	7,003	
 	 	4,876	
 	 	
   Net Equipment	5,191	
 	 	4,913	
 	 	5,065	
 	 	5,409	
 	 	5,244	
 	 	
   Data Processing	3,665	
 	 	3,620	
 	 	3,972	
 	 	3,951	
 	 	5,106	
 	 	
   Professional Fees	2,990	
 	 	2,396	
 	 	2,047	
 	 	2,639	
 	 	2,803	
 	 	
   FDIC Insurance	2,015	
 	 	2,104	
 	 	2,144	
 	 	2,352	
 	 	2,322	
 	 	
   Other	17,525	
 	 	16,264	
 	 	15,396	
 	 	15,518	
 	 	17,379	
 	 	
Total Noninterest Expense	89,589	
 	 	87,532	
 	 	86,071	
 	 	87,386	
 	 	85,727	
 	 	
Income Before Provision for Income Taxes	60,757	
 	 	61,994	
 	 	62,998	
 	 	73,845	
 	 	59,683	
 	 	
Provision for Income Taxes	17,244	
 	 	18,501	
 	 	18,753	
 	 	23,635	
 	 	16,851	
 	 	
Net Income	$	43,513	
 	 	$	43,493	
 	 	$	44,245	
 	 	$	50,210	
 	 	$	42,832	

Basic Earnings Per Share	$	1.03	
 	 	$	1.02	
 	 	$	1.04	
 	 	$	1.17	
 	 	$	1.00	
 	 	
Diluted Earnings Per Share	$	1.02	
 	 	$	1.02	
 	 	$	1.03	
 	 	$	1.16	
 	 	$	0.99	

Balance Sheet Totals	 	 	 	 	 	 	 	 	 	 	
Loans and Leases	$	8,949,785	
 	 	$	8,694,097	
 	 	$	8,331,469	
 	 	$	8,065,610	
 	 	$	7,878,985	
 	 	
Total Assets	16,492,367	
 	 	16,014,643	
 	 	15,860,901	
 	 	15,654,695	
 	 	15,455,016	
 	 	
Total Deposits	14,320,240	
 	 	13,808,365	
 	 	13,643,807	
 	 	13,488,892	
 	 	13,251,103	
 	 	
Total Shareholders' Equity	1,161,537	
 	 	1,163,859	
 	 	1,157,219	
 	 	1,138,753	
 	 	1,116,260	

Performance Ratios	 	 	 	 	 	 	 	 	 	 	
Return on Average Assets	1.07	
 	%	1.09	
 	%	1.14	
 	%	1.30	
 	%	1.11	
 	%	
Return on Average Shareholders' Equity	14.90	
 	 	14.89	
 	 	15.56	
 	 	17.88	
 	 	15.41	
 	 	
Efficiency Ratio 1	58.33	
 	 	57.58	
 	 	57.35	
 	 	54.88	
 	 	58.55	
 	 	
Net Interest Margin 2	2.83	
 	 	2.80	
 	 	2.85	
 	 	2.86	
 	 	2.85	

 	 	 	 	 	 	 	 	 	 	 	
1  Efficiency ratio is defined as noninterest expense divided by total revenue (net interest income and noninterest income).	 	 	 	
2  Net interest margin is defined as net interest income, on a taxable-equivalent basis, as a percentage of average earning assets.	 	 	 	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	 	 	 	 	 	
Hawaii Economic Trends	 	 	 	 	 	 	 	 	 	Table 15	
 	Eleven Months Ended	 	 	Year Ended	
($ in millions; jobs in thousands)	November 30, 2016	 	 	December 31, 2015	December 31, 2014	
Hawaii Economic Trends	 	 	 	 	 	 	 	 	 	 	 	 	
   State General Fund Revenues 1	$	5,706.4	
 	3.8	
 	%	 	$	5,998.6	
 	 	8.4	
 	%	$	5,535.7	
 	 	1.6	
 	%	
   General Excise and Use Tax Revenue 1	$	2,960.6	
 	2.6	
 	%	 	$	3,141.5	
 	 	5.4	
 	%	$	2,979.8	
 	 	2.5	
 	%	
   Jobs 2	676.2	
 	 	 	 	658.8	
 	 	 	 	643.7	

 	 	 	 	 	 	 	December 31,	 	December 31,	
(spot rates)	 	 	 	 	 	 	2016	 	2015	2014	 	
Unemployment 3	 	 	 	 	 	 	 	 	 	 	 	 	
  Statewide, seasonally adjusted	 	 	 	 	 	 	2.9	
 	%	3.2	
 	%	4.0	
 	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	
   Oahu	 	 	 	 	 	 	2.4	
 	 	2.7	
 	 	3.5	
 	 	
   Island of Hawaii	 	 	 	 	 	 	3.1	
 	 	3.7	
 	 	4.7	
 	 	
   Maui	 	 	 	 	 	 	2.7	
 	 	3.1	
 	 	3.8	
 	 	
   Kauai	 	 	 	 	 	 	2.8	
 	 	3.5	
 	 	4.3	

 	 	 	 	 	December 31,	
(percentage change, except months of inventory)	 	 	 	2016	 	2015	 	2014	2013	 	
Housing Trends (Single Family Oahu) 4	 	 	 	 	 	 	 	 	 	 	 	 	
   Median Home Price	 	 	 	 	5.0	
 	%	3.7	
 	%	3.8	
 	%	4.8	
 	%	
   Home Sales Volume (units)	 	 	 	 	6.5	
 	%	5.2	
 	%	(0.8	)	%	4.6	
 	%	
   Months of Inventory	 	 	 	 	2.5	
 	 	2.6	
 	 	2.6	
 	 	2.7	

 	 	 	 	 	Monthly Visitor Arrivals,	 	Percentage Change	
(in thousands)	 	 	 	 	Not Seasonally Adjusted	 	from Previous Year	
Tourism 5	 	 	 	 	 	 	 	 	 	 	 	 	
November 30, 2016	 	 	 	 	 	 	696.9	
 	 	 	 	4.7	
 	 	
October 31, 2016	 	 	 	 	 	 	717.5	
 	 	 	 	4.3	
 	 	
September 30, 2016	 	 	 	 	 	 	666.6	
 	 	 	 	3.0	
 	 	
August 31, 2016	 	 	 	 	 	 	780.7	
 	 	 	 	3.1	
 	 	
July 31, 2016	 	 	 	 	 	 	835.4	
 	 	 	 	2.1	
 	 	
June 30, 2016	 	 	 	 	 	 	800.3	
 	 	 	 	4.2	
 	 	
May 31, 2016	 	 	 	 	 	 	718.9	
 	 	 	 	1.3	
 	 	
April 30, 2016	 	 	 	 	 	 	700.6	
 	 	 	 	3.4	
 	 	
March 31, 2016	 	 	 	 	 	 	786.3	
 	 	 	 	0.8	
 	 	
February 29, 2016	 	 	 	 	 	 	688.8	
 	 	 	 	4.1	
 	 	
January 31, 2016	 	 	 	 	 	 	721.0	
 	 	 	 	6.2	
 	 	
December 31, 2015	 	 	 	 	 	 	794.2	
 	 	 	 	3.7	
 	 	
November 30, 2015	 	 	 	 	 	 	665.9	
 	 	 	 	4.4	
 	 	
October 31, 2015	 	 	 	 	 	 	687.7	
 	 	 	 	4.0	
 	 	
September 30, 2015	 	 	 	 	 	 	647.2	
 	 	 	 	3.9	
 	 	
August 31, 2015	 	 	 	 	 	 	757.5	
 	 	 	 	3.1	
 	 	
July 31, 2015	 	 	 	 	 	 	818.5	
 	 	 	 	5.9	
 	 	
June 30, 2015	 	 	 	 	 	 	767.9	
 	 	 	 	6.0	
 	 	
May 31, 2015	 	 	 	 	 	 	709.7	
 	 	 	 	9.3	
 	 	
April 30, 2015	 	 	 	 	 	 	677.8	
 	 	 	 	2.3	
 	 	
March 31, 2015	 	 	 	 	 	 	780.1	
 	 	 	 	7.0	
 	 	
February 28, 2015	 	 	 	 	 	 	661.7	
 	 	 	 	2.3	
 	 	
January 31, 2015	 	 	 	 	 	 	678.9	
 	 	 	 	(0.6	)	 	
December 31, 2014	 	 	 	 	 	 	766.0	
 	 	 	 	6.3	
 	 	
November 30, 2014	 	 	 	 	 	 	638.0	
 	 	 	 	2.2	
 	 	
October 31, 2014	 	 	 	 	 	 	661.0	
 	 	 	 	3.2	
 	 	
September 30, 2014	 	 	 	 	 	 	623.1	
 	 	 	 	4.2	
 	 	
August 31, 2014	 	 	 	 	 	 	734.7	
 	 	 	 	(1.9	)	 	
July 31, 2014	 	 	 	 	 	 	772.8	
 	 	 	 	2.0	
 	 	
June 30, 2014	 	 	 	 	 	 	724.5	
 	 	 	 	1.1	
 	 	
May 31, 2014	 	 	 	 	 	 	649.1	
 	 	 	 	1.8	
 	 	
April 30, 2014	 	 	 	 	 	 	662.6	
 	 	 	 	(0.7	)	 	
March 31, 2014	 	 	 	 	 	 	728.8	
 	 	 	 	(5.2	)	 	
February 28, 2014	 	 	 	 	 	 	646.8	
 	 	 	 	(4.3	)	 	
January 31, 2014	 	 	 	 	 	 	682.6	
 	 	 	 	0.1	

1  Source: Hawaii Department of Business, Economic Development & Tourism	 	 	 	 	 	 	 	
2  Source: U. S. Bureau of Labor	 	 	 	 	 	 	 	 	 	 	
3  Source: Hawaii Department of Labor and Industrial Relations, County jobs data not seasonally adjusted.	 	 	 	 	 	
4  Source: Honolulu Board of REALTORS	 	 	 	 	 	 	 	 	 	 	
5  Source: Hawaii Tourism Authority	 	 	 	 	 	 	 	 	 	
    Note: Certain prior period seasonally adjusted information has been revised.