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)	 	                       July 28, 2014	 	
 
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 July 28, 2014, Bank of Hawaii Corporation announced its results of operations for the quarter ended June 30, 2014.  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 9.01.                                       Financial Statements and Exhibits.

(d)	Exhibits	
 
Exhibit No.
 
99.1           July 28, 2014 Press Release: Bank of Hawaii Corporation Second Quarter 2014 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: July 28, 2014	Bank of Hawaii Corporation	

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

 	

 	 	

Bank of Hawaii Corporation Second Quarter 2014 Financial Results

•Diluted Earnings Per Share $0.94
•Net Income $41.5 Million
•Board of Directors Increases Repurchase Authorization by $100.0 Million
•Board of Directors Declares Dividend of $0.45 Per Share

FOR IMMEDIATE RELEASE

HONOLULU, HI (July 28, 2014) -- Bank of Hawaii Corporation (NYSE: BOH) today reported diluted earnings per share of $0.94 for the second quarter of 2014, up from $0.87 in the previous quarter and $0.85 in the same quarter last year. Net income for the second quarter of 2014 was $41.5 million, an increase of $2.9 million or 7.5 percent compared with net income of $38.6 million in the first quarter of 2014, and up $3.7 million or 9.9 percent from net income of $37.8 million in the second quarter of 2013.

Loan and lease balances increased to $6.4 billion at June 30, 2014, up 3.5 percent from March 31, 2014 and 9.7 percent compared with June 30, 2013. Deposit growth remained strong during the quarter, as balances increased to $12.7 billion at June 30, 2014, up 5.2 percent from March 31, 2014 and 10.7 percent from June 30, 2013.

“Bank of Hawaii Corporation continued to perform well during the second quarter of 2014,” said Peter Ho, Chairman, President, and CEO.  “Loan balances grew and we continue to increase customer deposits.  Our margin was relatively stable at 2.86 percent, asset quality continued its strong trend, and expenses remain well controlled.”
 
The return on average assets for the second quarter of 2014 was 1.17 percent, up from 1.12 percent in the previous quarter and during the same quarter last year. The return on average equity for the second quarter of 2014 was 15.87 percent, an increase from 15.15 percent for the first quarter of 2014 and 14.64 percent in the second quarter of 2013.

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Bank of Hawaii Corporation Second Quarter 2014 Financial Results     Page 2

For the six-month period ended June 30, 2014, net income was $80.1 million, an increase from net income of $73.7 million during the same period last year. Diluted earnings per share were $1.81 for the first half of 2014, up from diluted earnings per share of $1.65 for the first half of 2013. The year-to-date return on average assets for the six-month period ended June 30, 2014 was 1.14 percent, up from 1.10 percent for the same six months in 2013. The year-to-date return on average equity was 15.51 percent, up from 14.37 percent for the six months ended June 30, 2013.

Financial Highlights

Net interest income, on a taxable equivalent basis, for the second quarter of 2014 was $97.3 million, up $1.2 million from net interest income of $96.1 million in the first quarter of 2014 and up $7.5 million from net interest income of $89.8 million in the second quarter of 2013. Net interest income for the first half of 2014 was $193.3 million, an increase of $12.5 million compared with net interest income of $180.8 million for the first half of 2013. Analyses of the changes in net interest income are included in Tables 8a, 8b, and 8c.

The net interest margin was 2.86 percent for the second quarter of 2014, down 1 basis point from the net interest margin of 2.87 percent in the first quarter of 2014 and a 9 basis point increase from the net interest margin of 2.77 percent in the second quarter of 2013. The net interest margin for the first six months of 2014 was 2.87 percent compared with 2.80 percent for the same six-month period last year.

Due to strong credit recoveries during the quarter and continued stability of asset quality, we recorded a negative provision for credit losses of $2.2 million during the second quarter of 2014. The Company did not record a provision for credit losses during the first quarter of 2014 or the first or second quarters of 2013.

Noninterest income was $44.5 million in the second quarter of 2014, a decrease of $0.3 million compared with noninterest income of $44.8 million in the first quarter of 2014, and a decrease of $3.6 million compared with noninterest income of $48.0 million in the second quarter of 2013. Noninterest income in the second quarter of 2014 included a gain of $2.0 million resulting from the sale of 23,500 Visa Class B shares (9,884 Class A equivalents). The Company also contributed 5,700 Visa Class B shares to the Bank of Hawaii Foundation. Noninterest income in the first quarter of 2014 included a gain of $2.0 million resulting from the sale of 22,000 Visa Class B shares (9,253 Class A equivalents). The contributions had no impact on noninterest expense; however, the contributions did favorably impact the effective tax rate for the first and second quarters of 2014. As of June 30, 2014, the Company has 452,914 Visa Class B shares remaining (190,496 Class A equivalents). Mortgage banking revenue was $1.8 million in the second quarter of 2014 compared with $2.0 million in the previous quarter and $5.8 million in the same quarter last year. Noninterest income for the first half of 2014 was $89.2 million, a decrease of $6.6 million compared with noninterest income of $95.8 million for the first half of 2013. The decrease was primarily due to a reduction of $8.4 million in mortgage banking income which was partially offset by gains of $4.0 million on the sale of 45,500 Visa Class B shares.

Noninterest expense was $81.1 million in the second quarter of 2014, down $2.5 million compared with $83.5 million in the first quarter of 2014, and down $0.1 million compared with $81.2 million in the second quarter last year. First quarter expenses include seasonal payroll-related expenses resulting from annual payments from the Company’s incentive compensation plans and higher payroll taxes. An analysis of noninterest expenses related to salaries and benefits is included in Table 9. Noninterest expense for the first half of 2014 was $164.6 million, a decrease of $1.0 million compared with noninterest expense of $165.6 million for the first half of 2013.

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Bank of Hawaii Corporation Second Quarter 2014 Financial Results     Page 3

The efficiency ratio for the second quarter of 2014 was 58.38 percent, an improvement from 60.54 percent in the previous quarter and 59.96 percent in the same quarter last year. The efficiency ratio for the first half of 2014 was 59.46 percent down from 60.93 percent in the same period last year.
    
The effective tax rate for the second quarter of 2014 was 30.86 percent compared with 29.13 percent in the previous quarter and 30.33 percent during the same quarter last year. The lower effective tax rate in the first quarter of 2014 was primarily due to a $1.2 million credit for the release of reserves due to a settlement with the State of Hawaii related to prior year tax issues.

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 remained strong during the second quarter of 2014. Total non-performing assets were $34.4 million at June 30, 2014, down from $37.0 million at March 31, 2014, and down from $36.4 million at June 30, 2013. Non-performing assets remain above historical levels due to the lengthy judicial foreclosure process for residential mortgage loans. As a percentage of total loans and leases and foreclosed real estate, non-performing assets were 0.53 percent at June 30, 2014, down from 0.60 percent at March 31, 2014 and down from 0.62 percent at June 30, 2013.
Accruing loans and leases past due 90 days or more were $9.7 million at June 30, 2014, down slightly from March 31, 2014 and down from $10.6 million at June 30, 2013. Restructured loans and leases not included in non-accrual loans or accruing loans past due 90 days or more were $43.6 million at June 30, 2014 and primarily comprised of residential mortgage loans with lowered monthly payments to accommodate our 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.
The Company recorded a net recovery of loans and leases previously charged off of $1.9 million during the second quarter of 2014. Loan and lease charge-offs of $4.0 million during the quarter were more than offset by recoveries of $5.9 million. Net charge-offs during the first quarter of 2014 were $1.3 million, or 0.09 percent annualized of total average loans and leases outstanding, and were comprised of $4.0 million in charge-offs partially offset by recoveries of $2.7 million. Net charge-offs in the second quarter of 2013 were $2.3 million or 0.16 percent annualized of total average loans and leases outstanding, and were comprised of $4.7 million in charge-offs partially offset by recoveries of $2.4 million. Net recoveries in the first half of 2014 were $0.6 million compared with net charge-offs of $4.3 million, or 0.15 percent annualized of total average loans and leases outstanding for the first half of 2013.

The allowance for loan and lease losses was reduced to $113.8 million at June 30, 2014. The ratio of the allowance for loan and lease losses to total loans and leases was 1.77 percent at June 30, 2014, a decrease of 7 basis points from the previous quarter and commensurate with improvements in credit quality and the Hawaii economy. The reserve for unfunded commitments at June 30, 2013 was relatively unchanged at $5.9 million. Details of loan and lease charge-offs, recoveries, and the components of the total reserve for credit losses are summarized in Table 12.

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Bank of Hawaii Corporation Second Quarter 2014 Financial Results     Page 4

Other Financial Highlights

Total assets were $14.84 billion at June 30, 2014, up from total assets of $14.26 billion at March 31, 2014 and $13.73 billion at June 30, 2013. Average total assets were $14.25 billion during the second quarter of 2014, up from $14.03 billion during the previous quarter and $13.57 billion during the same quarter last year.

The investment securities portfolio was $6.91 billion at June 30, 2014, down from $6.97 billion at March 31, 2014, and up from $6.84 billion at June 30, 2013. The portfolio remains largely comprised of securities issued by U. S. government agencies and included $4.70 billion in securities held to maturity and $2.21 billion in securities available for sale at June 30, 2014. 

Total loans and leases increased to $6.43 billion at June 30, 2014, up from $6.21 billion at March 31, 2014 and $5.86 billion at June 30, 2013. Average total loans and leases were $6.27 billion during the second quarter of 2014, up from $6.10 billion during the first quarter of 2014 and $5.78 billion during the same quarter last year. Commercial loan growth was strong across all major categories during the second quarter of 2014. The total commercial loan portfolio was $2.69 billion at the end of the quarter, up from commercial loans of $2.57 billion at the end of the previous quarter and up from $2.40 billion at the end of the same quarter last year. Total consumer loans increased to $3.73 billion at the end of the second quarter of 2014, up from $3.64 billion at the end of the first quarter of 2014, and up from consumer loans of $3.46 billion at the end of the second quarter of 2013 in all loan categories. Loan and lease portfolio balances, including the higher risk loans and leases outstanding, are summarized in Table 10.

Total deposits were $12.67 billion at June 30, 2014, up from $12.04 billion at March 31, 2014 and $11.45 billion at June 30, 2013. The increase from the previous quarter was largely due to strong growth in short-term public and commercial deposits. Average total deposits were $12.03 billion in the second quarter of 2014, up from $11.81 billion during the previous quarter and $11.24 billion during the same quarter last year.

During the second quarter of 2014, the Company repurchased 220.3 thousand shares of common stock at a total cost of $12.49 million under its share repurchase program. The average cost was $56.70 per share repurchased. From the beginning of the share repurchase program initiated during July 2001 through June 30, 2014, the Company has repurchased 51.4 million shares and returned $1.89 billion to shareholders at an average cost of $36.72 per share.

The Company’s Board of Directors increased the authorization under the share repurchase program by an additional $100.0 million. This authorization, combined with previously announced authorizations of $1.90 billion, brings the total repurchase authority to $2.0 billion. From July 1 through July 25, 2014, the Company repurchased an additional 43.0 thousand shares of common stock at an average cost of $57.45per share. Remaining buyback authority under the share repurchase program was $106.5 million at July 25, 2014.

Total shareholders’ equity was $1.05 billion at June 30, 2014, compared with $1.03 billion at March 31, 2014, and $1.0 billion at June 30, 2013. The ratio of tangible common equity to risk-weighted assets was 15.54 percent at the end of the second quarter of 2014, compared with 15.69 percent at the end of the first quarter of 2014 and 15.87 percent at the end of the same quarter last year. The Tier 1 leverage ratio at June 30, 2014 was 7.20 percent, down from 7.22 percent at March 31, 2014 and 7.29 percent at June 30, 2013.

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Bank of Hawaii Corporation Second Quarter 2014 Financial Results     Page 5

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 September 15, 2014 to shareholders of record at the close of business on August 29, 2014.

Hawaii Economy

General economic conditions in Hawaii continued to remain positive during the second quarter of 2014 due to an expanding construction industry, stable tourism, low unemployment, and a strong real estate market.  For the first five months of 2014, total visitor spending increased 3.0 percent although total arrivals declined 0.5 percent compared to the same period in 2013. The statewide seasonally-adjusted unemployment rate was at 4.4 percent in June 2014 compared to 6.1 percent nationally. For the first six months of 2014, the volume of single-family home sales on Oahu increased 1.6 percent compared with the same period in 2013. The volume of condominium sales on Oahu increased 1.3 percent compared with the same period in 2013. The median price of single-family home sales and condominiums on Oahu was 7.1 percent higher for the first six months of 2014 compared to the same period in 2013. As of June 30, 2014, months of inventory of single-family homes and condominiums on Oahu remained low at approximately 2.8 months and 3.3 months, respectively. More information on current Hawaii economic trends is presented in Table 15.

Conference Call Information

The Company will review its second quarter 2014 financial results today at 6:00 p.m. Eastern Time (12:00 p.m. Hawaii Time). The conference call will be accessible via teleconference and via the Investor Relations link of Bank of Hawaii Corporation’s web site,  www.boh.com . Conference call participants located in the United States or Canada should dial 1 (800) 708-4540. Other international conference call participants should dial 1 (847) 619-6397. Use the pass code “Bank of Hawaii” to access the call. A replay will be available for one week beginning on Monday, July 28, 2014 by dialing 1 (888) 843-7419 in the United States or Canada and 1 (630) 652-3042 from other international locations. Enter the pass code number 37638750# when prompted. A replay of the conference call will also be available via the Investor Relations link 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, 2013, 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	 	Six Months Ended	 	
 	June 30,	 	March 31,	 	June 30,	 	June 30,	 	
(dollars in thousands, except per share amounts)	2014	 	2014	 	2013	 	2014	 	2013	 	
For the Period:	 	 	 	 	 	 	 	 	 	 	
Operating Results	 	 	 	 	 	 	 	 	 	 	
Net Interest Income	$	94,412	
 	 	$	93,233	
 	 	$	87,340	
 	 	$	187,645	
 	 	$	175,900	
 	 	
Provision for Credit Losses	(2,199	)	 	—	
 	 	—	
 	 	(2,199	)	 	—	
 	 	
Total Noninterest Income	44,481	
 	 	44,768	
 	 	48,041	
 	 	89,249	
 	 	95,819	
 	 	
Total Noninterest Expense	81,082	
 	 	83,547	
 	 	81,181	
 	 	164,629	
 	 	165,568	
 	 	
Net Income	41,490	
 	 	38,592	
 	 	37,763	
 	 	80,082	
 	 	73,743	
 	 	
Basic Earnings Per Share	0.94	
 	 	0.87	
 	 	0.85	
 	 	1.81	
 	 	1.66	
 	 	
Diluted Earnings Per Share	0.94	
 	 	0.87	
 	 	0.85	
 	 	1.81	
 	 	1.65	
 	 	
Dividends Declared Per Share	0.45	
 	 	0.45	
 	 	0.45	
 	 	0.90	
 	 	0.90	

Performance Ratios	 	 	 	 	 	 	 	 	 	 	
Return on Average Assets	1.17	
 	%	1.12	
 	%	1.12	
 	%	1.14	
 	%	1.10	
 	%	
Return on Average Shareholders' Equity	15.87	
 	 	15.15	
 	 	14.64	
 	 	15.51	
 	 	14.37	
 	 	
Efficiency Ratio 1	58.38	
 	 	60.54	
 	 	59.96	
 	 	59.46	
 	 	60.93	
 	 	
Net Interest Margin 2	2.86	
 	 	2.87	
 	 	2.77	
 	 	2.87	
 	 	2.80	
 	 	
Dividend Payout Ratio 3	47.87	
 	 	51.72	
 	 	52.94	
 	 	49.72	
 	 	54.22	
 	 	
Average Shareholders' Equity to Average Assets	7.36	
 	 	7.36	
 	 	7.62	
 	 	7.36	
 	 	7.63	

Average Balances	 	 	 	 	 	 	 	 	 	 	
Average Loans and Leases	$	6,274,595	
 	 	$	6,104,041	
 	 	$	5,781,898	
 	 	$	6,189,789	
 	 	$	5,792,641	
 	 	
Average Assets	14,253,384	
 	 	14,033,949	
 	 	13,572,329	
 	 	14,144,273	
 	 	13,564,885	
 	 	
Average Deposits	12,030,010	
 	 	11,814,548	
 	 	11,244,600	
 	 	11,922,874	
 	 	11,265,924	
 	 	
Average Shareholders' Equity	1,048,429	
 	 	1,033,413	
 	 	1,034,366	
 	 	1,040,962	
 	 	1,034,603	

Per Share of Common Stock	 	 	 	 	 	 	 	 	 	 	
Book Value	$	23.72	
 	 	$	23.14	
 	 	$	22.09	
 	 	$	23.72	
 	 	$	22.09	
 	 	
Tangible Book Value	23.01	
 	 	22.43	
 	 	21.39	
 	 	23.01	
 	 	21.39	
 	 	
Market Value	 	 	 	 	 	 	 	 	 	 	
   Closing	58.69	
 	 	60.61	
 	 	50.32	
 	 	58.69	
 	 	50.32	
 	 	
   High	61.73	
 	 	61.36	
 	 	52.17	
 	 	61.73	
 	 	52.17	
 	 	
   Low	53.45	
 	 	54.16	
 	 	46.04	
 	 	53.45	
 	 	44.88	

 	 	 	June 30,	
 	 	March 31,	
 	 	December 31,	
 	 	June 30,	
 	 	
 	 	 	2014	
 	 	2014	
 	 	2013	
 	 	2013	
 	 	
As of Period End:	 	 	 	 	 	 	 	 	 	 	
Balance Sheet Totals	 	 	 	 	 	 	 	 	 	 	
Loans and Leases	 	 	$	6,426,353	
 	 	$	6,209,857	
 	 	$	6,095,387	
 	 	$	5,859,152	
 	 	
Total Assets	 	 	14,844,505	
 	 	14,263,118	
 	 	14,084,280	
 	 	13,733,418	
 	 	
Total Deposits	 	 	12,670,034	
 	 	12,044,473	
 	 	11,914,656	
 	 	11,449,198	
 	 	
Long-Term Debt	 	 	173,671	
 	 	174,695	
 	 	174,706	
 	 	174,727	
 	 	
Total Shareholders' Equity	 	 	1,050,801	
 	 	1,028,904	
 	 	1,011,976	
 	 	986,368	

Asset Quality	 	 	 	 	 	 	 	 	 	 	
Allowance for Loan and Lease Losses	 	 	$	113,838	
 	 	$	114,126	
 	 	$	115,454	
 	 	$	124,575	
 	 	
Non-Performing Assets	 	 	34,389	
 	 	37,048	
 	 	39,650	
 	 	36,431	

Financial Ratios	 	 	 	 	 	 	 	 	 	 	
Allowance to Loans and Leases Outstanding	 	1.77	
 	%	1.84	
 	%	1.89	
 	%	2.13	
 	%	
Tier 1 Capital Ratio 4	 	 	15.66	
 	 	15.96	
 	 	16.05	
 	 	16.40	
 	 	
Total Capital Ratio 4	 	 	16.91	
 	 	17.22	
 	 	17.31	
 	 	17.66	
 	 	
Tier 1 Leverage Ratio 4	 	 	7.20	
 	 	7.22	
 	 	7.24	
 	 	7.29	
 	 	
Total Shareholders' Equity to Total Assets	 	 	7.08	
 	 	7.21	
 	 	7.19	
 	 	7.18	
 	 	
Tangible Common Equity to Tangible Assets 5	 	6.88	
 	 	7.01	
 	 	6.98	
 	 	6.97	
 	 	
Tangible Common Equity to Risk-Weighted Assets 4, 5	 	15.54	
 	 	15.69	
 	 	15.67	
 	 	15.87	

Non-Financial Data	 	 	 	 	 	 	 	 	 	 	
Full-Time Equivalent Employees	 	 	2,194	
 	 	2,181	
 	 	2,196	
 	 	2,227	
 	 	
Branches	 	 	74	
 	 	74	
 	 	74	
 	 	75	
 	 	
ATMs	 	 	457	
 	 	458	
 	 	466	
 	 	486	

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 Financial ratios for prior periods were revised to conform to the current period calculation.	 	 	 	 	 	
5 Tangible common equity to tangible assets and tangible common equity to risk-weighted assets are Non-GAAP financial measures. See Table 1b “Reconciliation of
   Non-GAAP Financial Measures."	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	 	
Reconciliation of Non-GAAP Financial Measures	 	 	 	 	Table 1b	
 	
 	 	June 30,	
 	 	March 31,	
 	 	December 31,	
 	 	June 30,	
 	
(dollars in thousands)	2014	
 	 	2014	
 	 	2013	
 	 	2013	

Total Shareholders' Equity	$	1,050,801	
 	 	$	1,028,904	
 	 	$	1,011,976	
 	 	$	986,368	
 	
Less:	Goodwill	31,517	
 	 	31,517	
 	 	31,517	
 	 	31,517	
 	
 	Intangible Assets	—	
 	 	—	
 	 	—	
 	 	8	
 	
Tangible Common Equity	$	1,019,284	
 	 	$	997,387	
 	 	$	980,459	
 	 	$	954,843	

Total Assets	$	14,844,505	
 	 	$	14,263,118	
 	 	$	14,084,280	
 	 	$	13,733,418	
 	
Less:	Goodwill	31,517	
 	 	31,517	
 	 	31,517	
 	 	31,517	
 	
 	Intangible Assets	—	
 	 	—	
 	 	—	
 	 	8	
 	
Tangible Assets	$	14,812,988	
 	 	$	14,231,601	
 	 	$	14,052,763	
 	 	$	13,701,893	

Risk-Weighted Assets, determined in accordance	 	 	 	 	 	 	 	
 	with prescribed regulatory requirements 1	$	6,559,897	
 	 	$	6,357,428	
 	 	$	6,258,178	
 	 	$	6,015,261	

Total Shareholders' Equity to Total Assets	7.08	%	 	7.21	%	 	7.19	%	 	7.18	%	
Tangible Common Equity to Tangible Assets (Non-GAAP)	6.88	%	 	7.01	%	 	6.98	%	 	6.97	%	
 	 	 	 	 	 	 	 	 	
Tier 1 Capital Ratio 1	15.66	%	 	15.96	%	 	16.05	%	 	16.40	%	
Tangible Common Equity to Risk-Weighted Assets (Non-GAAP)  1	15.54	%	 	15.69	%	 	15.67	%	 	15.87	%	

1  Risk-weighted assets and financial ratios for prior periods were revised to conform to the current period calculation.	 	 	 	 	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	
Net Significant Items	 	 	 	 	 	Table 2	
 	
 	Three Months Ended	 	Six Months Ended	
 	June 30,	
 	March 31,	
 	June 30,	
 	 	June 30,	
(dollars in thousands)	2014	
 	2014	
 	2013	
 	 	2014	
 	2013	
 	
Investment Securities Gains, Net	$	2,079	
 	$	2,160	
 	$	—	
 	 	$	4,239	
 	$	—	
 	
Decrease in Allowance for Loan and Lease Losses	288	
 	1,328	
 	2,303	
 	 	1,616	
 	4,282	
 	
Separation Expense	(87	)	(549	)	(864	)	 	(636	)	(2,339	)	
Operating Losses	—	
 	(730	)	—	
 	 	(730	)	—	
 	
Significant Items Before the Provision (Benefit) for Income Taxes	2,280	
 	2,209	
 	1,439	
 	 	4,489	
 	1,943	
 	
Release of Tax Reserve	—	
 	(1,249	)	(1,090	)	 	(1,249	)	(1,090	)	
Income Tax Impact	894	
 	866	
 	504	
 	 	1,760	
 	680	
 	
Net Significant Items	$	1,386	
 	$	2,592	
 	$	2,025	
 	 	$	3,978	
 	$	2,353	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	
Consolidated Statements of Income	 	 	 	Table 3	
 	
 	Three Months Ended	 	Six Months Ended	
 	June 30,	March 31,	June 30,	 	June 30,	
(dollars in thousands, except per share amounts)	2014	2014	2013	 	2014	2013	
Interest Income	 	 	 	 	 	 	
   Interest and Fees on Loans and Leases	$	65,818	
 	$	63,526	
 	$	62,729	
 	 	$	129,344	
 	$	125,549	
 	
   Income on Investment Securities	 	 	 	 	 	 	
      Available-for-Sale	10,697	
 	10,760	
 	15,073	
 	 	21,457	
 	30,924	
 	
      Held-to-Maturity	26,938	
 	27,889	
 	19,189	
 	 	54,827	
 	39,043	
 	
   Deposits	1	
 	3	
 	1	
 	 	4	
 	4	
 	
   Funds Sold	168	
 	137	
 	74	
 	 	305	
 	133	
 	
   Other	302	
 	302	
 	285	
 	 	604	
 	569	
 	
Total Interest Income	103,924	
 	102,617	
 	97,351	
 	 	206,541	
 	196,222	
 	
Interest Expense	 	 	 	 	 	 	
   Deposits	2,393	
 	2,358	
 	2,579	
 	 	4,751	
 	5,225	
 	
   Securities Sold Under Agreements to Repurchase	6,465	
 	6,397	
 	6,751	
 	 	12,862	
 	13,756	
 	
   Funds Purchased	4	
 	3	
 	10	
 	 	7	
 	32	
 	
   Long-Term Debt	650	
 	626	
 	671	
 	 	1,276	
 	1,309	
 	
Total Interest Expense	9,512	
 	9,384	
 	10,011	
 	 	18,896	
 	20,322	
 	
Net Interest Income	94,412	
 	93,233	
 	87,340	
 	 	187,645	
 	175,900	
 	
Provision for Credit Losses	(2,199	)	—	
 	—	
 	 	(2,199	)	—	
 	
Net Interest Income After Provision for Credit Losses	96,611	
 	93,233	
 	87,340	
 	 	189,844	
 	175,900	
 	
Noninterest Income	 	 	 	 	 	 	
   Trust and Asset Management	12,005	
 	11,852	
 	12,089	
 	 	23,857	
 	23,975	
 	
   Mortgage Banking	1,804	
 	2,005	
 	5,820	
 	 	3,809	
 	12,231	
 	
   Service Charges on Deposit Accounts	8,638	
 	8,878	
 	9,112	
 	 	17,516	
 	18,413	
 	
   Fees, Exchange, and Other Service Charges	13,370	
 	12,939	
 	13,133	
 	 	26,309	
 	25,067	
 	
   Investment Securities Gains, Net	2,079	
 	2,160	
 	—	
 	 	4,239	
 	—	
 	
   Insurance	1,930	
 	2,123	
 	2,393	
 	 	4,053	
 	4,718	
 	
   Bank-Owned Life Insurance	1,519	
 	1,602	
 	1,335	
 	 	3,121	
 	2,632	
 	
   Other	3,136	
 	3,209	
 	4,159	
 	 	6,345	
 	8,783	
 	
Total Noninterest Income	44,481	
 	44,768	
 	48,041	
 	 	89,249	
 	95,819	
 	
Noninterest Expense	 	 	 	 	 	 	
   Salaries and Benefits	45,081	
 	46,897	
 	45,341	
 	 	91,978	
 	94,016	
 	
   Net Occupancy	9,254	
 	9,417	
 	9,661	
 	 	18,671	
 	19,296	
 	
   Net Equipment	4,669	
 	4,603	
 	4,380	
 	 	9,272	
 	8,957	
 	
   Data Processing	3,842	
 	3,649	
 	3,050	
 	 	7,491	
 	6,316	
 	
   Professional Fees	2,613	
 	2,260	
 	2,391	
 	 	4,873	
 	4,617	
 	
   FDIC Insurance	2,055	
 	2,076	
 	1,949	
 	 	4,131	
 	3,898	
 	
   Other	13,568	
 	14,645	
 	14,409	
 	 	28,213	
 	28,468	
 	
Total Noninterest Expense	81,082	
 	83,547	
 	81,181	
 	 	164,629	
 	165,568	
 	
Income Before Provision for Income Taxes	60,010	
 	54,454	
 	54,200	
 	 	114,464	
 	106,151	
 	
Provision for Income Taxes	18,520	
 	15,862	
 	16,437	
 	 	34,382	
 	32,408	
 	
Net Income	$	41,490	
 	$	38,592	
 	$	37,763	
 	 	$	80,082	
 	$	73,743	
 	
Basic Earnings Per Share	$	0.94	
 	$	0.87	
 	$	0.85	
 	 	$	1.81	
 	$	1.66	
 	
Diluted Earnings Per Share	$	0.94	
 	$	0.87	
 	$	0.85	
 	 	$	1.81	
 	$	1.65	
 	
Dividends Declared Per Share	$	0.45	
 	$	0.45	
 	$	0.45	
 	 	$	0.90	
 	$	0.90	
 	
Basic Weighted Average Shares	44,053,899	
 	44,193,267	
 	44,493,069	
 	 	44,123,030	
 	44,518,629	
 	
Diluted Weighted Average Shares	44,246,431	
 	44,420,349	
 	44,608,497	
 	 	44,332,838	
 	44,644,348	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	
Consolidated Statements of Comprehensive Income (Loss)	 	 	Table 4	
 	
 	 	Three Months Ended	 	Six Months Ended	
 	 	June 30,	March 31,	June 30,	 	June 30,	
(dollars in thousands)	2014	2014	2013	 	2014	2013	
Net Income	$	41,490	
 	$	38,592	
 	$	37,763	
 	 	$	80,082	
 	$	73,743	
 	
Other Comprehensive Income (Loss), Net of Tax:	 	 	 	 	 	 	
 	Net Unrealized Gains (Losses) on Investment Securities	8,617	
 	6,271	
 	(46,572	)	 	14,888	
 	(56,213	)	
 	Defined Benefit Plans	156	
 	156	
 	201	
 	 	312	
 	279	
 	
Total Other Comprehensive Income (Loss)	8,773	
 	6,427	
 	(46,371	)	 	15,200	
 	(55,934	)	
 	 	 	 	 	 	 	 	
Comprehensive Income (Loss)	$	50,263	
 	$	45,019	
 	$	(8,608	)	 	$	95,282	
 	$	17,809	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	
Consolidated Statements of Condition	 	 	 	Table 5	
 	
 	June 30,	
 	March 31,	
 	December 31,	
 	June 30,	
 	
(dollars in thousands)	2014	
 	2014	
 	2013	
 	2013	
 	
Assets	 	 	 	 	
Interest-Bearing Deposits	$	4,552	
 	$	4,085	
 	$	3,617	
 	$	4,635	
 	
Funds Sold	796,275	
 	382,154	
 	271,414	
 	329,922	
 	
Investment Securities	 	 	 	 	
   Available-for-Sale	2,209,763	
 	2,188,064	
 	2,243,697	
 	2,815,408	
 	
   Held-to-Maturity (Fair Value of $4,743,012; $4,774,032; $4,697,587; and $4,036,197)	4,704,551	
 	4,777,494	
 	4,744,519	
 	4,027,829	
 	
Loans Held for Sale	3,678	
 	2,437	
 	6,435	
 	25,880	
 	
Loans and Leases	6,426,353	
 	6,209,857	
 	6,095,387	
 	5,859,152	
 	
   Allowance for Loan and Lease Losses	(113,838	)	(114,126	)	(115,454	)	(124,575	)	
     Net Loans and Leases	6,312,515	
 	6,095,731	
 	5,979,933	
 	5,734,577	
 	
Total Earning Assets	14,031,334	
 	13,449,965	
 	13,249,615	
 	12,938,251	
 	
Cash and Noninterest-Bearing Deposits	141,950	
 	159,079	
 	188,715	
 	136,386	
 	
Premises and Equipment	108,116	
 	107,323	
 	108,636	
 	105,752	
 	
Accrued Interest Receivable	44,311	
 	46,431	
 	43,930	
 	43,375	
 	
Foreclosed Real Estate	3,944	
 	3,450	
 	3,205	
 	3,256	
 	
Mortgage Servicing Rights	26,397	
 	27,378	
 	28,123	
 	27,631	
 	
Goodwill	31,517	
 	31,517	
 	31,517	
 	31,517	
 	
Other Assets	456,936	
 	437,975	
 	430,539	
 	447,250	
 	
Total Assets	$	14,844,505	
 	$	14,263,118	
 	$	14,084,280	
 	$	13,733,418	

Liabilities	 	 	 	 	
Deposits	 	 	 	 	
   Noninterest-Bearing Demand	$	4,070,334	
 	$	3,679,410	
 	$	3,681,128	
 	$	3,396,835	
 	
   Interest-Bearing Demand	2,566,240	
 	2,378,414	
 	2,355,608	
 	2,269,196	
 	
   Savings	4,525,593	
 	4,515,026	
 	4,560,150	
 	4,433,042	
 	
   Time	1,507,867	
 	1,471,623	
 	1,317,770	
 	1,350,125	
 	
Total Deposits	12,670,034	
 	12,044,473	
 	11,914,656	
 	11,449,198	
 	
Funds Purchased	8,467	
 	9,982	
 	9,982	
 	9,983	
 	
Short-Term Borrowings	—	
 	375	
 	—	
 	—	
 	
Securities Sold Under Agreements to Repurchase	745,626	
 	797,213	
 	770,049	
 	866,237	
 	
Long-Term Debt	173,671	
 	174,695	
 	174,706	
 	174,727	
 	
Retirement Benefits Payable	35,017	
 	35,111	
 	34,965	
 	47,318	
 	
Accrued Interest Payable	5,099	
 	5,743	
 	4,871	
 	4,399	
 	
Taxes Payable and Deferred Taxes	42,131	
 	45,811	
 	34,907	
 	48,947	
 	
Other Liabilities	113,659	
 	120,811	
 	128,168	
 	146,241	
 	
Total Liabilities	13,793,704	
 	13,234,214	
 	13,072,304	
 	12,747,050	
 	
Shareholders' Equity	 	 	 	 	
Common Stock ($.01 par value; authorized 500,000,000 shares;	 	 	 	 	
   issued / outstanding: June 30, 2014 - 57,631,552 / 44,297,228;	 	 	 	 	
   March 31, 2014 - 57,620,212 / 44,467,593; December 31, 2013 - 57,480,846 / 44,490,385;	 	 	 	 	
   and June 30, 2013 - 57,488,745 / 44,644,596)	573	
 	573	
 	572	
 	572	
 	
Capital Surplus	527,284	
 	524,912	
 	522,505	
 	518,804	
 	
Accumulated Other Comprehensive Loss	(16,623	)	(25,396	)	(31,823	)	(26,726	)	
Retained Earnings	1,191,512	
 	1,170,068	
 	1,151,754	
 	1,115,594	
 	
Treasury Stock, at Cost (Shares: June 30, 2014 - 13,334,324; March 31, 2014 - 13,152,619;	 	 	 	 	
    December 31, 2013 - 12,990,461; and June 30, 2013 - 12,844,149)	(651,945	)	(641,253	)	(631,032	)	(621,876	)	
Total Shareholders' Equity	1,050,801	
 	1,028,904	
 	1,011,976	
 	986,368	
 	
Total Liabilities and Shareholders' Equity	$	14,844,505	
 	$	14,263,118	
 	$	14,084,280	
 	$	13,733,418	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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, 2013	44,490,385	
 	$	572	
 	$	522,505	
 	$	(31,823	)	$	1,151,754	
 	$	(631,032	)	$	1,011,976	
 	
Net Income	—	
 	—	
 	—	
 	—	
 	80,082	
 	—	
 	80,082	
 	
Other Comprehensive Income	—	
 	—	
 	—	
 	15,200	
 	—	
 	—	
 	15,200	
 	
Share-Based Compensation	—	
 	—	
 	3,820	
 	—	
 	—	
 	—	
 	3,820	
 	
Common Stock Issued under Purchase and Equity	 	 	 	 	 	 	 	
 	Compensation Plans and Related Tax Benefits	274,621	
 	1	
 	959	
 	—	
 	(279	)	6,074	
 	6,755	
 	
Common Stock Repurchased	(467,778	)	—	
 	—	
 	—	
 	—	
 	(26,987	)	(26,987	)	
Cash Dividends Paid ($0.90 per share)	—	
 	—	
 	—	
 	—	
 	(40,045	)	—	
 	(40,045	)	
Balance as of June 30, 2014	44,297,228	
 	$	573	
 	$	527,284	
 	$	(16,623	)	$	1,191,512	
 	$	(651,945	)	$	1,050,801	

Balance as of December 31, 2012	44,754,835	
 	$	571	
 	$	515,619	
 	$	29,208	
 	$	1,084,477	
 	$	(608,210	)	$	1,021,665	
 	
Net Income	—	
 	—	
 	—	
 	—	
 	73,743	
 	—	
 	73,743	
 	
Other Comprehensive Loss	—	
 	—	
 	—	
 	(55,934	)	 	 	(55,934	)	
Share-Based Compensation	—	
 	—	
 	2,732	
 	—	
 	—	
 	—	
 	2,732	
 	
Common Stock Issued under Purchase and Equity	 	 	 	 	 	 	 	
 	Compensation Plans and Related Tax Benefits	379,870	
 	1	
 	453	
 	—	
 	(2,235	)	10,294	
 	8,513	
 	
Common Stock Repurchased	(490,109	)	—	
 	—	
 	—	
 	—	
 	(23,960	)	(23,960	)	
Cash Dividends Paid ($0.90 per share)	—	
 	—	
 	—	
 	—	
 	(40,391	)	—	
 	(40,391	)	
Balance as of June 30, 2013	44,644,596	
 	$	572	
 	$	518,804	
 	$	(26,726	)	$	1,115,594	
 	$	(621,876	)	$	986,368	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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	 	
 	 	June 30, 2014	 	March 31, 2014	 	June 30, 2013	 	
 	 	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	$	4.0	
 	$	—	
 	0.12	
 	%	$	5.7	
 	$	—	
 	0.23	
 	%	$	4.5	
 	$	—	
 	0.06	
 	%	
Funds Sold	308.3	
 	0.2	
 	0.22	
 	 	270.5	
 	0.1	
 	0.20	
 	 	168.3	
 	0.1	
 	0.18	
 	 	
Investment Securities	 	 	 	 	 	 	 	 	 	 	 	 	
 	Available-for-Sale	2,226.7	
 	12.7	
 	2.28	
 	 	2,226.4	
 	12.7	
 	2.29	
 	 	3,212.2	
 	17.4	
 	2.17	
 	 	
 	Held-to-Maturity	4,756.8	
 	27.8	
 	2.34	
 	 	4,754.2	
 	28.8	
 	2.42	
 	 	3,714.3	
 	19.2	
 	2.07	
 	 	
Loans Held for Sale	3.6	
 	—	
 	4.33	
 	 	4.2	
 	0.1	
 	4.68	
 	 	22.9	
 	0.2	
 	3.87	
 	 	
Loans and Leases 1	 	 	 	 	 	 	 	 	 	 	 	 	
 	Commercial and Industrial	950.2	
 	8.1	
 	3.42	
 	 	923.8	
 	7.8	
 	3.41	
 	 	855.5	
 	7.8	
 	3.65	
 	 	
 	Commercial Mortgage	1,302.2	
 	12.7	
 	3.91	
 	 	1,250.0	
 	12.7	
 	4.12	
 	 	1,114.8	
 	11.3	
 	4.08	
 	 	
 	Construction	103.2	
 	1.2	
 	4.48	
 	 	97.3	
 	1.1	
 	4.43	
 	 	107.5	
 	1.2	
 	4.61	
 	 	
 	Commercial Lease Financing	241.2	
 	1.7	
 	2.80	
 	 	245.8	
 	1.4	
 	2.33	
 	 	265.2	
 	1.6	
 	2.36	
 	 	
 	Residential Mortgage	2,323.5	
 	25.4	
 	4.38	
 	 	2,286.9	
 	24.4	
 	4.27	
 	 	2,252.1	
 	25.5	
 	4.53	
 	 	
 	Home Equity	805.9	
 	7.9	
 	3.93	
 	 	781.8	
 	7.6	
 	3.97	
 	 	752.9	
 	7.8	
 	4.15	
 	 	
 	Automobile	280.6	
 	3.7	
 	5.33	
 	 	263.3	
 	3.5	
 	5.39	
 	 	225.0	
 	3.1	
 	5.51	
 	 	
 	Other 2	267.8	
 	5.1	
 	7.65	
 	 	255.1	
 	5.0	
 	7.90	
 	 	208.9	
 	4.3	
 	8.22	
 	 	
Total Loans and Leases	6,274.6	
 	65.8	
 	4.20	
 	 	6,104.0	
 	63.5	
 	4.19	
 	 	5,781.9	
 	62.6	
 	4.34	
 	 	
Other	74.1	
 	0.3	
 	1.63	
 	 	76.8	
 	0.3	
 	1.57	
 	 	78.6	
 	0.3	
 	1.45	
 	 	
Total Earning Assets 3	13,648.1	
 	106.8	
 	3.13	
 	 	13,441.8	
 	105.5	
 	3.16	
 	 	12,982.7	
 	99.8	
 	3.08	
 	 	
Cash and Noninterest-Bearing Deposits	138.3	
 	 	 	 	142.5	
 	 	 	 	136.8	
 	 	 	 	
Other Assets	467.0	
 	 	 	 	449.6	
 	 	 	 	452.8	
 	 	 	 	
Total Assets	$	14,253.4	
 	 	 	 	$	14,033.9	
 	 	 	 	$	13,572.3	

Interest-Bearing Liabilities	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits	 	 	 	 	 	 	 	 	 	 	 	 	
 	Demand	$	2,359.2	
 	0.2	
 	0.03	
 	 	$	2,325.8	
 	0.2	
 	0.03	
 	 	$	2,106.0	
 	0.2	
 	0.03	
 	 	
 	Savings	4,540.3	
 	1.0	
 	0.09	
 	 	4,515.6	
 	1.0	
 	0.09	
 	 	4,451.1	
 	1.0	
 	0.09	
 	 	
 	Time	1,506.5	
 	1.2	
 	0.33	
 	 	1,373.1	
 	1.2	
 	0.37	
 	 	1,381.4	
 	1.4	
 	0.42	
 	 	
Total Interest-Bearing Deposits	8,406.0	
 	2.4	
 	0.11	
 	 	8,214.5	
 	2.4	
 	0.12	
 	 	7,938.5	
 	2.6	
 	0.13	
 	 	
Short-Term Borrowings	9.3	
 	—	
 	0.14	
 	 	10.0	
 	—	
 	0.14	
 	 	29.4	
 	—	
 	0.12	
 	 	
Securities Sold Under Agreements to
    Repurchase	789.9	
 	6.5	
 	3.24	
 	 	794.4	
 	6.4	
 	3.22	
 	 	800.1	
 	6.7	
 	3.34	
 	 	
Long-Term Debt	175.3	
 	0.6	
 	1.49	
 	 	174.7	
 	0.6	
 	1.44	
 	 	177.3	
 	0.7	
 	1.52	
 	 	
Total Interest-Bearing Liabilities	9,380.5	
 	9.5	
 	0.40	
 	 	9,193.6	
 	9.4	
 	0.41	
 	 	8,945.3	
 	10.0	
 	0.44	
 	 	
Net Interest Income	 	$	97.3	
 	 	 	 	$	96.1	
 	 	 	 	$	89.8	
 	 	 	
 	Interest Rate Spread	 	 	2.73	
 	%	 	 	2.75	
 	%	 	 	2.64	
 	%	
 	Net Interest Margin	 	 	2.86	
 	%	 	 	2.87	
 	%	 	 	2.77	
 	%	
Noninterest-Bearing Demand Deposits	3,624.0	
 	 	 	 	3,600.0	
 	 	 	 	3,306.1	
 	 	 	 	
Other Liabilities	200.5	
 	 	 	 	206.9	
 	 	 	 	286.5	
 	 	 	 	
Shareholders' Equity	1,048.4	
 	 	 	 	1,033.4	
 	 	 	 	1,034.4	
 	 	 	 	
Total Liabilities and Shareholders'
    Equity	$	14,253.4	
 	 	 	 	$	14,033.9	
 	 	 	 	$	13,572.3	

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 $2,874,000, $2,824,000, and $2,490,000 for the three months ended	 	
 	June 30, 2014, March 31, 2014, and June 30, 2013, respectively.	 	 	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	
Average Balances and Interest Rates - Taxable-Equivalent Basis	 	 	 	Table 7b	
 	 	
 	 	Six Months Ended	 	Six Months Ended	 	
 	 	June 30, 2014	 	June 30, 2013	 	
 	 	Average	
 	Income/	
 	Yield/	
 	 	Average	
 	Income/	
 	Yield/	
 	 	
(dollars in millions)	Balance	
 	Expense	
 	Rate	
 	 	Balance	
 	Expense	
 	Rate	
 	 	
Earning Assets	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits	$	4.8	
 	$	—	
 	0.18	
 	%	$	4.2	
 	$	—	
 	0.18	
 	%	
Funds Sold	289.5	
 	0.3	
 	0.21	
 	 	162.4	
 	0.1	
 	0.16	
 	 	
Investment Securities	 	 	 	 	 	 	 	 	
 	Available-for-Sale	2,226.5	
 	25.4	
 	2.28	
 	 	3,266.9	
 	35.6	
 	2.18	
 	 	
 	Held-to-Maturity	4,755.5	
 	56.5	
 	2.38	
 	 	3,646.6	
 	39.1	
 	2.14	
 	 	
Loans Held for Sale	3.9	
 	0.1	
 	4.52	
 	 	20.6	
 	0.4	
 	3.90	
 	 	
Loans and Leases 1	 	 	 	 	 	 	 	 	
 	Commercial and Industrial	937.1	
 	15.9	
 	3.42	
 	 	839.3	
 	15.4	
 	3.70	
 	 	
 	Commercial Mortgage	1,276.2	
 	25.4	
 	4.01	
 	 	1,104.1	
 	22.4	
 	4.09	
 	 	
 	Construction	100.3	
 	2.2	
 	4.45	
 	 	111.5	
 	2.7	
 	4.83	
 	 	
 	Commercial Lease Financing	243.5	
 	3.1	
 	2.56	
 	 	268.9	
 	3.2	
 	2.38	
 	 	
 	Residential Mortgage	2,305.3	
 	49.8	
 	4.32	
 	 	2,281.7	
 	51.5	
 	4.51	
 	 	
 	Home Equity	793.9	
 	15.6	
 	3.95	
 	 	760.4	
 	15.7	
 	4.15	
 	 	
 	Automobile	272.0	
 	7.2	
 	5.36	
 	 	219.5	
 	6.0	
 	5.56	
 	 	
 	Other 2	261.5	
 	10.1	
 	7.77	
 	 	207.2	
 	8.5	
 	8.28	
 	 	
Total Loans and Leases	6,189.8	
 	129.3	
 	4.20	
 	 	5,792.6	
 	125.4	
 	4.35	
 	 	
Other	75.5	
 	0.6	
 	1.60	
 	 	78.8	
 	0.5	
 	1.44	
 	 	
Total Earning Assets 3	13,545.5	
 	212.2	
 	3.14	
 	 	12,972.1	
 	201.1	
 	3.11	
 	 	
Cash and Noninterest-Bearing Deposits	140.4	
 	 	 	 	139.4	
 	 	 	 	
Other Assets	458.4	
 	 	 	 	453.4	
 	 	 	 	
Total Assets	$	14,144.3	
 	 	 	 	$	13,564.9	

Interest-Bearing Liabilities	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits	 	 	 	 	 	 	 	 	
 	Demand	$	2,342.6	
 	0.4	
 	0.03	
 	 	$	2,083.4	
 	0.3	
 	0.03	
 	 	
 	Savings	4,528.0	
 	1.9	
 	0.09	
 	 	4,429.9	
 	1.9	
 	0.09	
 	 	
 	Time	1,440.2	
 	2.5	
 	0.35	
 	 	1,446.8	
 	3.0	
 	0.42	
 	 	
Total Interest-Bearing Deposits	8,310.8	
 	4.8	
 	0.12	
 	 	7,960.1	
 	5.2	
 	0.13	
 	 	
Short-Term Borrowings	9.6	
 	—	
 	0.14	
 	 	43.7	
 	—	
 	0.14	
 	 	
Securities Sold Under Agreements to Repurchase	792.2	
 	12.8	
 	3.23	
 	 	778.2	
 	13.8	
 	3.52	
 	 	
Long-Term Debt	175.0	
 	1.3	
 	1.46	
 	 	167.3	
 	1.3	
 	1.57	
 	 	
Total Interest-Bearing Liabilities	9,287.6	
 	18.9	
 	0.41	
 	 	8,949.3	
 	20.3	
 	0.45	
 	 	
Net Interest Income	 	$	193.3	
 	 	 	 	$	180.8	
 	 	 	
 	Interest Rate Spread	 	 	2.73	
 	%	 	 	2.66	
 	%	
 	Net Interest Margin	 	 	2.87	
 	%	 	 	2.80	
 	%	
Noninterest-Bearing Demand Deposits	3,612.1	
 	 	 	 	3,305.8	
 	 	 	 	
Other Liabilities	203.6	
 	 	 	 	275.2	
 	 	 	 	
Shareholders' Equity	1,041.0	
 	 	 	 	1,034.6	
 	 	 	 	
Total Liabilities and Shareholders' Equity	$	14,144.3	
 	 	 	 	$	13,564.9	

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 $5,698,000 and $4,901,000 for the	 	 	
 	six months ended June 30, 2014 and 2013, respectively.	 	 	 	 	 	

 	
 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	
Analysis of Change in Net Interest Income - Taxable-Equivalent Basis	 	Table 8a	
 	
 	Three Months Ended June 30, 2014	
 	Compared to March 31, 2014	
(dollars in millions)	Volume 1	
 	Rate 1	
 	Total	
 	
Change in Interest Income:	 	 	 	
Funds Sold	$	0.1	
 	$	—	
 	$	0.1	
 	
Investment Securities	 	 	 	
   Held-to-Maturity	—	
 	(1.0	)	(1.0	)	
Loans Held for Sale	(0.1	)	—	
 	(0.1	)	
Loans and Leases	 	 	 	
   Commercial and Industrial	0.3	
 	—	
 	0.3	
 	
   Commercial Mortgage	0.6	
 	(0.6	)	—	
 	
   Construction	0.1	
 	—	
 	0.1	
 	
   Commercial Lease Financing	—	
 	0.3	
 	0.3	
 	
   Residential Mortgage	0.4	
 	0.6	
 	1.0	
 	
   Home Equity	0.4	
 	(0.1	)	0.3	
 	
   Automobile	0.2	
 	—	
 	0.2	
 	
   Other 2	0.2	
 	(0.1	)	0.1	
 	
Total Loans and Leases	2.2	
 	0.1	
 	2.3	
 	
Total Change in Interest Income	2.2	
 	(0.9	)	1.3	

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

Change in Net Interest Income	$	2.1	
 	$	(0.9	)	$	1.2	

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 June 30, 2014	
 	Compared to June 30, 2013	
(dollars in millions)	Volume 1	
 	Rate 1	
 	Total	
 	
Change in Interest Income:	 	 	 	
Funds Sold	$	0.1	
 	$	—	
 	$	0.1	
 	
Investment Securities	 	 	 	
   Available-for-Sale	(5.6	)	0.9	
 	(4.7	)	
   Held-to-Maturity	5.9	
 	2.7	
 	8.6	
 	
Loans Held for Sale	(0.2	)	—	
 	(0.2	)	
Loans and Leases	 	 	 	
   Commercial and Industrial	0.8	
 	(0.5	)	0.3	
 	
   Commercial Mortgage	1.9	
 	(0.5	)	1.4	
 	
   Commercial Lease Financing	(0.2	)	0.3	
 	0.1	
 	
   Residential Mortgage	0.8	
 	(0.9	)	(0.1	)	
   Home Equity	0.5	
 	(0.4	)	0.1	
 	
   Automobile	0.7	
 	(0.1	)	0.6	
 	
   Other 2	1.1	
 	(0.3	)	0.8	
 	
Total Loans and Leases	5.6	
 	(2.4	)	3.2	
 	
Total Change in Interest Income	5.8	
 	1.2	
 	7.0	

Change in Interest Expense:	 	 	 	
Interest-Bearing Deposits	 	 	 	
   Time	0.1	
 	(0.3	)	(0.2	)	
Total Interest-Bearing Deposits	0.1	
 	(0.3	)	(0.2	)	
Securities Sold Under Agreements to Repurchase	—	
 	(0.2	)	(0.2	)	
Long-Term Debt	(0.1	)	—	
 	(0.1	)	
Total Change in Interest Expense	—	
 	(0.5	)	(0.5	)	
 	 	 	 	
Change in Net Interest Income	$	5.8	
 	$	1.7	
 	$	7.5	

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	
 	
 	Six Months Ended June 30, 2014	
 	Compared to June 30, 2013	
(dollars in millions)	Volume 1	
 	Rate 1	
 	Total	
 	
Change in Interest Income:	 	 	 	
Funds Sold	$	0.1	
 	$	0.1	
 	$	0.2	
 	
Investment Securities	 	 	 	
   Available-for-Sale	(11.8	)	1.6	
 	(10.2	)	
   Held-to-Maturity	12.8	
 	4.6	
 	17.4	
 	
Loans Held for Sale	(0.4	)	0.1	
 	(0.3	)	
Loans and Leases	 	 	 	
   Commercial and Industrial	1.7	
 	(1.2	)	0.5	
 	
   Commercial Mortgage	3.4	
 	(0.4	)	3.0	
 	
   Construction	(0.2	)	(0.3	)	(0.5	)	
   Commercial Lease Financing	(0.3	)	0.2	
 	(0.1	)	
   Residential Mortgage	0.5	
 	(2.2	)	(1.7	)	
   Home Equity	0.7	
 	(0.8	)	(0.1	)	
   Automobile	1.4	
 	(0.2	)	1.2	
 	
   Other 2	2.1	
 	(0.5	)	1.6	
 	
Total Loans and Leases	9.3	
 	(5.4	)	3.9	
 	
Other	—	
 	0.1	
 	0.1	
 	
Total Change in Interest Income	10.0	
 	1.1	
 	11.1	

Change in Interest Expense:	 	 	 	
Interest-Bearing Deposits	 	 	 	
   Demand	0.1	
 	—	
 	0.1	
 	
   Savings	0.1	
 	(0.1	)	—	
 	
   Time	(0.1	)	(0.4	)	(0.5	)	
Total Interest-Bearing Deposits	0.1	
 	(0.5	)	(0.4	)	
Securities Sold Under Agreements to Repurchase	0.1	
 	(1.1	)	(1.0	)	
Long-Term Debt	0.1	
 	(0.1	)	—	
 	
Total Change in Interest Expense	0.3	
 	(1.7	)	(1.4	)	
 	 	 	 	
Change in Net Interest Income	$	9.7	
 	$	2.8	
 	$	12.5	

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	 	Six Months Ended	
 	June 30,	March 31,	June 30,	 	June 30,	
(dollars in thousands)	2014	2014	2013	 	2014	2013	
Salaries	$	28,544	
 	$	27,914	
 	$	28,690	
 	 	$	56,458	
 	$	57,768	
 	
Incentive Compensation	4,359	
 	4,231	
 	3,861	
 	 	8,590	
 	7,645	
 	
Share-Based Compensation	2,271	
 	1,969	
 	1,305	
 	 	4,240	
 	2,441	
 	
Commission Expense	1,106	
 	1,059	
 	1,983	
 	 	2,165	
 	3,764	
 	
Retirement and Other Benefits	3,811	
 	4,986	
 	3,594	
 	 	8,797	
 	7,962	
 	
Payroll Taxes	2,179	
 	3,568	
 	2,576	
 	 	5,747	
 	6,816	
 	
Medical, Dental, and Life Insurance	2,724	
 	2,621	
 	2,468	
 	 	5,345	
 	5,281	
 	
Separation Expense	87	
 	549	
 	864	
 	 	636	
 	2,339	
 	
Total Salaries and Benefits	$	45,081	
 	$	46,897	
 	$	45,341	
 	 	$	91,978	
 	$	94,016	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	
Loan and Lease Portfolio Balances	 	 	 	Table 10	
 	
 	 	June 30,	
 	March 31,	
 	December 31,	
 	September 30,	
 	June 30,	
 	
(dollars in thousands)	2014	
 	2014	
 	2013	
 	2013	
 	2013	
 	
Commercial	 	 	 	 	 	
 	Commercial and Industrial	$	988,940	
 	$	955,599	
 	$	911,367	
 	$	895,040	
 	$	875,702	
 	
 	Commercial Mortgage	1,345,549	
 	1,284,181	
 	1,247,510	
 	1,203,670	
 	1,160,977	
 	
 	Construction	121,434	
 	91,452	
 	107,349	
 	124,230	
 	107,016	
 	
 	Lease Financing	237,585	
 	240,931	
 	262,207	
 	255,550	
 	257,067	
 	
Total Commercial	2,693,508	
 	2,572,163	
 	2,528,433	
 	2,478,490	
 	2,400,762	
 	
Consumer	 	 	 	 	 	
 	Residential Mortgage	2,355,085	
 	2,305,153	
 	2,282,894	
 	2,282,305	
 	2,252,117	
 	
 	Home Equity	811,180	
 	797,341	
 	773,385	
 	765,841	
 	751,790	
 	
 	Automobile	287,794	
 	273,553	
 	255,986	
 	246,704	
 	233,475	
 	
 	Other 1	278,786	
 	261,647	
 	254,689	
 	233,302	
 	221,008	
 	
Total Consumer	3,732,845	
 	3,637,694	
 	3,566,954	
 	3,528,152	
 	3,458,390	
 	
Total Loans and Leases	$	6,426,353	
 	$	6,209,857	
 	$	6,095,387	
 	$	6,006,642	
 	$	5,859,152	

 	 	 	 	 	 	 	
Higher Risk Loans and Leases Outstanding	 	 	 	 	
 	 	June 30,	
 	March 31,	
 	December 31,	
 	September 30,	
 	June 30,	
 	
(dollars in thousands)	2014	
 	2014	
 	2013	
 	2013	
 	2013	
 	
Residential Land Loans 2	$	10,016	
 	$	11,086	
 	$	11,922	
 	$	13,635	
 	$	13,708	
 	
Home Equity Loans 3	11,307	
 	11,846	
 	12,594	
 	12,588	
 	13,578	
 	
Air Transportation Leases 4	24,917	
 	24,969	
 	26,152	
 	26,492	
 	26,436	
 	
Total Higher Risk Loans and Leases	$	46,240	
 	$	47,901	
 	$	50,668	
 	$	52,715	
 	$	53,722	

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	 	 	 	 	
 	 	June 30,	
 	March 31,	
 	December 31,	
 	September 30,	
 	June 30,	
 	
(dollars in thousands)	2014	
 	2014	
 	2013	
 	2013	
 	2013	
 	
Consumer	$	5,938,123	
 	$	5,960,485	
 	$	5,829,352	
 	$	5,707,125	
 	$	5,626,515	
 	
Commercial	5,207,026	
 	4,742,308	
 	4,814,076	
 	4,680,370	
 	4,537,120	
 	
Public and Other	1,524,885	
 	1,341,680	
 	1,271,228	
 	1,220,639	
 	1,285,563	
 	
Total Deposits	$	12,670,034	
 	$	12,044,473	
 	$	11,914,656	
 	$	11,608,134	
 	$	11,449,198	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	
Non-Performing Assets and Accruing Loans and Leases Past Due 90 Days or More	 	Table 11	
 	
 	 	 	June 30,	
 	March 31,	
 	December 31,	
 	September 30,	
 	June 30,	
 	
(dollars in thousands)	2014	
 	2014	
 	2013	
 	2013	
 	2013	
 	
Non-Performing Assets	 	 	 	 	 	
Non-Accrual Loans and Leases	 	 	 	 	 	
 	Commercial	 	 	 	 	 	
 	 	Commercial and Industrial	$	10,437	
 	$	11,239	
 	$	11,929	
 	$	5,295	
 	$	4,909	
 	
 	 	Commercial Mortgage	1,403	
 	1,421	
 	2,512	
 	2,355	
 	2,772	
 	
 	 	Lease Financing	—	
 	—	
 	—	
 	—	
 	16	
 	
 	Total Commercial	11,840	
 	12,660	
 	14,441	
 	7,650	
 	7,697	
 	
 	Consumer	 	 	 	 	 	
 	 	Residential Mortgage	15,818	
 	19,003	
 	20,264	
 	20,637	
 	22,876	
 	
 	 	Home Equity	2,787	
 	1,935	
 	1,740	
 	2,509	
 	2,602	
 	
 	Total Consumer	18,605	
 	20,938	
 	22,004	
 	23,146	
 	25,478	
 	
Total Non-Accrual Loans and Leases	30,445	
 	33,598	
 	36,445	
 	30,796	
 	33,175	
 	
Foreclosed Real Estate	3,944	
 	3,450	
 	3,205	
 	3,036	
 	3,256	
 	
Total Non-Performing Assets	$	34,389	
 	$	37,048	
 	$	39,650	
 	$	33,832	
 	$	36,431	

Accruing Loans and Leases Past Due 90 Days or More	 	 	 	 	
Commercial	 	 	 	 	 	
 	Commercial and Industrial	$	—	
 	$	150	
 	$	1,173	
 	$	8	
 	$	—	
 	
Total Commercial	—	
 	150	
 	1,173	
 	8	
 	—	
 	
Consumer	 	 	 	 	 	
 	Residential Mortgage	6,082	
 	5,729	
 	4,564	
 	7,460	
 	6,876	
 	
 	Home Equity	2,505	
 	2,845	
 	3,009	
 	2,896	
 	2,768	
 	
 	Automobile	236	
 	346	
 	322	
 	193	
 	95	
 	
 	Other 1	844	
 	644	
 	790	
 	841	
 	855	
 	
Total Consumer	9,667	
 	9,564	
 	8,685	
 	11,390	
 	10,594	
 	
Total Accruing Loans and Leases Past Due 90 Days or More	$	9,667	
 	$	9,714	
 	$	9,858	
 	$	11,398	
 	$	10,594	
 	
Restructured Loans on Accrual Status	 	 	 	 	 	
   and Not Past Due 90 Days or More	$	43,625	
 	$	44,473	
 	$	51,123	
 	$	39,845	
 	$	39,154	
 	
Total Loans and Leases	$	6,426,353	
 	$	6,209,857	
 	$	6,095,387	
 	$	6,006,642	
 	$	5,859,152	

Ratio of Non-Accrual Loans and Leases to Total Loans and Leases	0.47	%	0.54	%	0.60	%	0.51	%	0.57	%	
 	 	 	 	 	 	 	 	
Ratio of Non-Performing Assets to Total Loans and Leases	 	 	 	 	 	
 	and Foreclosed Real Estate	0.53	%	0.60	%	0.65	%	0.56	%	0.62	%	
 	 	 	 	 	 	 	 	
Ratio of Commercial Non-Performing Assets to Total Commercial Loans	 	 	 	 	 	
 	and Leases and Commercial Foreclosed Real Estate	0.48	%	0.53	%	0.61	%	0.35	%	0.37	%	
 	 	 	 	 	 	 	 	
Ratio of Consumer Non-Performing Assets to Total Consumer Loans	 	 	 	 	 	
 	and Leases and Consumer Foreclosed Real Estate	0.57	%	0.64	%	0.68	%	0.71	%	0.80	%	
 	 	 	 	 	 	 	 	
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	0.69	%	0.75	%	0.81	%	0.75	%	0.80	%	
 	 	 	 	 	 	 	 	
Quarter to Quarter Changes in Non-Performing Assets	 	 	 	 	 	
Balance at Beginning of Quarter	$	37,048	
 	$	39,650	
 	$	33,832	
 	$	36,431	
 	$	38,374	
 	
Additions	2,798	
 	2,491	
 	13,040	
 	3,395	
 	2,647	
 	
Reductions	 	 	 	 	 	
 	Payments	(2,753	)	(1,855	)	(932	)	(2,954	)	(1,306	)	
 	Return to Accrual Status	(904	)	(1,864	)	(2,308	)	(1,166	)	(1,978	)	
 	Sales of Foreclosed Real Estate	(1,782	)	(737	)	(1,431	)	(1,498	)	(1,257	)	
 	Charge-offs/Write-downs	(18	)	(637	)	(2,551	)	(376	)	(49	)	
Total Reductions	(5,457	)	(5,093	)	(7,222	)	(5,994	)	(4,590	)	
Balance at End of Quarter	$	34,389	
 	$	37,048	
 	$	39,650	
 	$	33,832	
 	$	36,431	

 	 	 	 	 	 	 	 	
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	 	Six Months Ended	
 	 	 	June 30,	March 31,	June 30,	 	June 30,	
(dollars in thousands)	2014	2014	2013	 	2014	2013	
Balance at Beginning of Period	$	120,136	
 	$	121,521	
 	$	132,297	
 	 	$	121,521	
 	$	134,276	
 	
Loans and Leases Charged-Off	 	 	 	 	 	 	
 	Commercial	 	 	 	 	 	 	
 	 	Commercial and Industrial	(749	)	(819	)	(266	)	 	(1,568	)	(648	)	
 	 	Lease Financing	(66	)	—	
 	—	
 	 	(66	)	—	
 	
 	Consumer	 	 	 	 	 	 	
 	 	Residential Mortgage	(323	)	(329	)	(188	)	 	(652	)	(1,423	)	
 	 	Home Equity	(553	)	(351	)	(2,016	)	 	(904	)	(3,393	)	
 	 	Automobile	(711	)	(917	)	(429	)	 	(1,628	)	(1,004	)	
 	 	Other 1	(1,595	)	(1,622	)	(1,805	)	 	(3,217	)	(3,535	)	
Total Loans and Leases Charged-Off	(3,997	)	(4,038	)	(4,704	)	 	(8,035	)	(10,003	)	
Recoveries on Loans and Leases Previously Charged-Off	 	 	 	 	 	 	
 	Commercial	 	 	 	 	 	 	
 	 	Commercial and Industrial	2,132	
 	920	
 	437	
 	 	3,052	
 	875	
 	
 	 	Commercial Mortgage	15	
 	14	
 	14	
 	 	29	
 	24	
 	
 	 	Construction	8	
 	5	
 	8	
 	 	13	
 	346	
 	
 	 	Lease Financing	1	
 	2	
 	11	
 	 	3	
 	22	
 	
 	Consumer	 	 	 	 	 	 	
 	 	Residential Mortgage	2,335	
 	272	
 	634	
 	 	2,607	
 	1,422	
 	
 	 	Home Equity	351	
 	551	
 	335	
 	 	902	
 	1,083	
 	
 	 	Automobile	343	
 	445	
 	456	
 	 	788	
 	917	
 	
 	 	Other 1	723	
 	501	
 	506	
 	 	1,224	
 	1,032	
 	
Total Recoveries on Loans and Leases Previously Charged-Off	5,908	
 	2,710	
 	2,401	
 	 	8,618	
 	5,721	
 	
Net Loans and Leases Recovered (Charged-Off)	1,911	
 	(1,328	)	(2,303	)	 	583	
 	(4,282	)	
Provision for Credit Losses	(2,199	)	—	
 	—	
 	 	(2,199	)	—	
 	
Provision for Unfunded Commitments	(123	)	(57	)	500	
 	 	(180	)	500	
 	
Balance at End of Period 2	$	119,725	
 	$	120,136	
 	$	130,494	
 	 	$	119,725	
 	$	130,494	

Components	 	 	 	 	 	 	
Allowance for Loan and Lease Losses	$	113,838	
 	$	114,126	
 	$	124,575	
 	 	$	113,838	
 	$	124,575	
 	
Reserve for Unfunded Commitments	5,887	
 	6,010	
 	5,919	
 	 	5,887	
 	5,919	
 	
Total Reserve for Credit Losses	$	119,725	
 	$	120,136	
 	$	130,494	
 	 	$	119,725	
 	$	130,494	

Average Loans and Leases Outstanding	$	6,274,595	
 	$	6,104,041	
 	$	5,781,898	
 	 	$	6,189,789	
 	$	5,792,641	

Ratio of Net Loans and Leases Charged-Off (Recovered) to	 	 	 	 	 	 	
 	Average Loans and Leases Outstanding (annualized)	-0.12	 %	0.09	%	0.16	%	 	-0.02	 %	0.15	%	
Ratio of Allowance for Loan and Lease Losses to Loans
      and Leases Outstanding	1.77	 %	1.84	%	2.13	%	 	1.77	 %	2.13	%	
 	 	 	 	 	 	 	 	 	
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 June 30, 2014	 	 	 	 	 	
Net Interest Income	$	45,345	
 	$	28,012	
 	$	2,638	
 	$	18,417	
 	$	94,412	
 	
Provision for Credit Losses	(414	)	(1,269	)	(226	)	(290	)	(2,199	)	
Net Interest Income After Provision for Credit Losses	45,759	
 	29,281	
 	2,864	
 	18,707	
 	96,611	
 	
Noninterest Income	20,133	
 	5,443	
 	14,404	
 	4,501	
 	44,481	
 	
Noninterest Expense	(49,028	)	(16,258	)	(13,165	)	(2,631	)	(81,082	)	
Income Before Provision for Income Taxes	16,864	
 	18,466	
 	4,103	
 	20,577	
 	60,010	
 	
Provision for Income Taxes	(6,193	)	(6,389	)	(1,518	)	(4,420	)	(18,520	)	
Net Income	$	10,671	
 	$	12,077	
 	$	2,585	
 	$	16,157	
 	$	41,490	
 	
Total Assets as of June 30, 2014	$	3,798,785	
 	$	2,595,573	
 	$	194,220	
 	$	8,255,927	
 	$	14,844,505	

 	 	 	 	 	 	
Three Months Ended June 30, 2013 1	 	 	 	 	 	
Net Interest Income	$	40,334	
 	$	23,874	
 	$	2,594	
 	$	20,538	
 	$	87,340	
 	
Provision for Credit Losses	2,534	
 	(205	)	(12	)	(2,317	)	—	
 	
Net Interest Income After Provision for Credit Losses	37,800	
 	24,079	
 	2,606	
 	22,855	
 	87,340	
 	
Noninterest Income	22,977	
 	7,011	
 	15,288	
 	2,765	
 	48,041	
 	
Noninterest Expense	(49,831	)	(15,698	)	(13,181	)	(2,471	)	(81,181	)	
Income Before Provision for Income Taxes	10,946	
 	15,392	
 	4,713	
 	23,149	
 	54,200	
 	
Provision for Income Taxes	(4,050	)	(5,268	)	(1,744	)	(5,375	)	(16,437	)	
Net Income	$	6,896	
 	$	10,124	
 	$	2,969	
 	$	17,774	
 	$	37,763	
 	
Total Assets as of June 30, 2013 1	$	3,567,718	
 	$	2,275,763	
 	$	188,871	
 	$	7,701,066	
 	$	13,733,418	

 	 	 	 	 	 	
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	
 	
Six Months Ended June 30, 2014	 	 	 	 	 	
Net Interest Income	$	87,913	
 	$	54,783	
 	$	5,219	
 	$	39,730	
 	$	187,645	
 	
Provision for Credit Losses	1,042	
 	(1,329	)	(294	)	(1,618	)	(2,199	)	
Net Interest Income After Provision for Credit Losses	86,871	
 	56,112	
 	5,513	
 	41,348	
 	189,844	
 	
Noninterest Income	39,625	
 	11,531	
 	28,747	
 	9,346	
 	89,249	
 	
Noninterest Expense	(98,774	)	(33,025	)	(27,400	)	(5,430	)	(164,629	)	
Income Before Provision for Income Taxes	27,722	
 	34,618	
 	6,860	
 	45,264	
 	114,464	
 	
Provision for Income Taxes	(10,210	)	(11,903	)	(2,538	)	(9,731	)	(34,382	)	
Net Income	$	17,512	
 	$	22,715	
 	$	4,322	
 	$	35,533	
 	$	80,082	
 	
Total Assets as of June 30, 2014	$	3,798,785	
 	$	2,595,573	
 	$	194,220	
 	$	8,255,927	
 	$	14,844,505	

 	 	 	 	 	 	
Six Months Ended June 30, 2013 1	 	 	 	 	 	
Net Interest Income	$	81,039	
 	$	48,856	
 	$	5,365	
 	$	40,640	
 	$	175,900	
 	
Provision for Credit Losses	5,146	
 	(810	)	(34	)	(4,302	)	—	
 	
Net Interest Income After Provision for Credit Losses	75,893	
 	49,666	
 	5,399	
 	44,942	
 	175,900	
 	
Noninterest Income	45,901	
 	13,971	
 	30,098	
 	5,849	
 	95,819	
 	
Noninterest Expense	(100,689	)	(32,210	)	(27,364	)	(5,305	)	(165,568	)	
Income Before Provision for Income Taxes	21,105	
 	31,427	
 	8,133	
 	45,486	
 	106,151	
 	
Provision for Income Taxes	(7,809	)	(10,746	)	(3,009	)	(10,844	)	(32,408	)	
Net Income	$	13,296	
 	$	20,681	
 	$	5,124	
 	$	34,642	
 	$	73,743	
 	
Total Assets as of June 30, 2013 1	$	3,567,718	
 	$	2,275,763	
 	$	188,871	
 	$	7,701,066	
 	$	13,733,418	

 	 	 	 	 	 	
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	 	
 	June 30,	
 	 	March 31,	
 	 	December 31,	
 	 	September 30,	
 	 	June 30,	
 	 	
(dollars in thousands, except per share amounts)	2014	
 	 	2014	
 	 	2013	
 	 	2013	
 	 	2013	
 	 	
Quarterly Operating Results	 	 	 	 	 	 	 	 	 	 	
Interest Income	 	 	 	 	 	 	 	 	 	 	
   Interest and Fees on Loans and Leases	$	65,818	
 	 	$	63,526	
 	 	$	63,809	
 	 	$	63,918	
 	 	$	62,729	
 	 	
   Income on Investment Securities	 	 	 	 	 	 	 	 	 	 	
      Available-for-Sale	10,697	
 	 	10,760	
 	 	10,608	
 	 	12,038	
 	 	15,073	
 	 	
      Held-to-Maturity	26,938	
 	 	27,889	
 	 	26,882	
 	 	24,137	
 	 	19,189	
 	 	
   Deposits	1	
 	 	3	
 	 	3	
 	 	3	
 	 	1	
 	 	
   Funds Sold	168	
 	 	137	
 	 	105	
 	 	177	
 	 	74	
 	 	
   Other	302	
 	 	302	
 	 	302	
 	 	301	
 	 	285	
 	 	
Total Interest Income	103,924	
 	 	102,617	
 	 	101,709	
 	 	100,574	
 	 	97,351	
 	 	
Interest Expense	 	 	 	 	 	 	 	 	 	 	
   Deposits	2,393	
 	 	2,358	
 	 	2,418	
 	 	2,500	
 	 	2,579	
 	 	
   Securities Sold Under Agreements to Repurchase	6,465	
 	 	6,397	
 	 	6,530	
 	 	6,551	
 	 	6,751	
 	 	
   Funds Purchased	4	
 	 	3	
 	 	8	
 	 	4	
 	 	10	
 	 	
   Short-Term Borrowings	—	
 	 	—	
 	 	2	
 	 	—	
 	 	—	
 	 	
   Long-Term Debt	650	
 	 	626	
 	 	631	
 	 	632	
 	 	671	
 	 	
Total Interest Expense	9,512	
 	 	9,384	
 	 	9,589	
 	 	9,687	
 	 	10,011	
 	 	
Net Interest Income	94,412	
 	 	93,233	
 	 	92,120	
 	 	90,887	
 	 	87,340	
 	 	
Provision for Credit Losses	(2,199	)	 	—	
 	 	—	
 	 	—	
 	 	—	
 	 	
Net Interest Income After Provision for Credit Losses	96,611	
 	 	93,233	
 	 	92,120	
 	 	90,887	
 	 	87,340	
 	 	
Noninterest Income	 	 	 	 	 	 	 	 	 	 	
   Trust and Asset Management	12,005	
 	 	11,852	
 	 	12,240	
 	 	11,717	
 	 	12,089	
 	 	
   Mortgage Banking	1,804	
 	 	2,005	
 	 	2,823	
 	 	4,132	
 	 	5,820	
 	 	
   Service Charges on Deposit Accounts	8,638	
 	 	8,878	
 	 	9,326	
 	 	9,385	
 	 	9,112	
 	 	
   Fees, Exchange, and Other Service Charges	13,370	
 	 	12,939	
 	 	12,670	
 	 	12,732	
 	 	13,133	
 	 	
   Investment Securities Gains, Net	2,079	
 	 	2,160	
 	 	—	
 	 	—	
 	 	—	
 	 	
   Insurance	1,930	
 	 	2,123	
 	 	2,295	
 	 	2,177	
 	 	2,393	
 	 	
   Bank-Owned Life Insurance	1,519	
 	 	1,602	
 	 	1,895	
 	 	1,365	
 	 	1,335	
 	 	
   Other	3,136	
 	 	3,209	
 	 	4,029	
 	 	3,618	
 	 	4,159	
 	 	
Total Noninterest Income	44,481	
 	 	44,768	
 	 	45,278	
 	 	45,126	
 	 	48,041	
 	 	
Noninterest Expense	 	 	 	 	 	 	 	 	 	 	
   Salaries and Benefits	45,081	
 	 	46,897	
 	 	43,643	
 	 	46,552	
 	 	45,341	
 	 	
   Net Occupancy	9,254	
 	 	9,417	
 	 	9,602	
 	 	9,847	
 	 	9,661	
 	 	
   Net Equipment	4,669	
 	 	4,603	
 	 	4,837	
 	 	4,572	
 	 	4,380	
 	 	
   Data Processing	3,842	
 	 	3,649	
 	 	3,827	
 	 	3,697	
 	 	3,050	
 	 	
   Professional Fees	2,613	
 	 	2,260	
 	 	2,669	
 	 	2,119	
 	 	2,391	
 	 	
   FDIC Insurance	2,055	
 	 	2,076	
 	 	1,954	
 	 	1,913	
 	 	1,949	
 	 	
   Other	13,568	
 	 	14,645	
 	 	15,892	
 	 	14,277	
 	 	14,409	
 	 	
Total Noninterest Expense	81,082	
 	 	83,547	
 	 	82,424	
 	 	82,977	
 	 	81,181	
 	 	
Income Before Provision for Income Taxes	60,010	
 	 	54,454	
 	 	54,974	
 	 	53,036	
 	 	54,200	
 	 	
Provision for Income Taxes	18,520	
 	 	15,862	
 	 	15,919	
 	 	15,332	
 	 	16,437	
 	 	
Net Income	$	41,490	
 	 	$	38,592	
 	 	$	39,055	
 	 	$	37,704	
 	 	$	37,763	

Basic Earnings Per Share	$	0.94	
 	 	$	0.87	
 	 	$	0.88	
 	 	$	0.85	
 	 	$	0.85	
 	 	
Diluted Earnings Per Share	$	0.94	
 	 	$	0.87	
 	 	$	0.88	
 	 	$	0.85	
 	 	$	0.85	

Balance Sheet Totals	 	 	 	 	 	 	 	 	 	 	
Loans and Leases	$	6,426,353	
 	 	$	6,209,857	
 	 	$	6,095,387	
 	 	$	6,006,642	
 	 	$	5,859,152	
 	 	
Total Assets	14,844,505	
 	 	14,263,118	
 	 	14,084,280	
 	 	13,848,871	
 	 	13,733,418	
 	 	
Total Deposits	12,670,034	
 	 	12,044,473	
 	 	11,914,656	
 	 	11,608,134	
 	 	11,449,198	
 	 	
Total Shareholders' Equity	1,050,801	
 	 	1,028,904	
 	 	1,011,976	
 	 	992,686	
 	 	986,368	

Performance Ratios	 	 	 	 	 	 	 	 	 	 	
Return on Average Assets	1.17	
 	%	1.12	
 	%	1.12	
 	%	1.09	
 	%	1.12	
 	%	
Return on Average Shareholders' Equity	15.87	
 	 	15.15	
 	 	15.36	
 	 	15.02	
 	 	14.64	
 	 	
Efficiency Ratio 1	58.38	
 	 	60.54	
 	 	59.99	
 	 	61.01	
 	 	59.96	
 	 	
Net Interest Margin 2	2.86	
 	 	2.87	
 	 	2.85	
 	 	2.83	
 	 	2.77	

 	 	 	 	 	 	 	 	 	 	 	
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	
 	Five Months Ended	 	 	Year Ended	
($ in millions; jobs in thousands)	May 31, 2014	 	 	December 31, 2013	December 31, 2012	
Hawaii Economic Trends	 	 	 	 	 	 	 	 	 	 	 	 	
   State General Fund Revenues 1	$	2,340.8	
 	(1.0	)	%	 	$	5,451.3	
 	 	3.7	
 	%	$	5,259.1	
 	 	12.8	
 	%	
   General Excise and Use Tax Revenue 1	$	1,281.6	
 	(0.1	)	%	 	$	2,907.6	
 	 	2.2	
 	%	$	2,844.7	
 	 	9.9	
 	%	
   Jobs 2	632.5	
 	 	 	 	623.1	
 	 	 	 	619.3	

 	 	 	 	 	 	 	June 30,	 	December 31,	
(spot rates)	 	 	 	 	 	 	2014	 	2013	2012	 	
Unemployment 3	 	 	 	 	 	 	 	 	 	 	 	 	
  Statewide, seasonally adjusted	 	 	 	 	 	 	4.4	
 	%	4.7	
 	%	5.1	
 	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	
   Oahu	 	 	 	 	 	 	4.5	
 	 	3.8	
 	 	4.2	
 	 	
   Island of Hawaii	 	 	 	 	 	 	6.6	
 	 	5.9	
 	 	6.9	
 	 	
   Maui	 	 	 	 	 	 	5.1	
 	 	4.7	
 	 	5.2	
 	 	
   Kauai	 	 	 	 	 	 	5.4	
 	 	5.2	
 	 	6.1	

 	 	 	 	 	 	 	June 30,	 	December 31,	
(percentage change, except months of inventory)	 	 	 	 	 	2014	 	2013	2012	 	
Housing Trends (Single Family Oahu) 4	 	 	 	 	 	 	 	 	 	 	 	 	
   Median Home Price	 	 	 	 	 	 	7.1	
 	%	4.8	
 	%	7.8	
 	%	
   Home Sales Volume (units)	 	 	 	 	 	 	(0.2	)	%	4.6	
 	%	6.5	
 	%	
   Months of Inventory	 	 	 	 	 	 	2.8	
 	 	2.7	
 	 	2.5	

 	 	 	 	 	Monthly Visitor Arrivals,	 	Percentage Change	
(in thousands)	 	 	 	 	Not Seasonally Adjusted	 	from Previous Year	
Tourism 5	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
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	
 	 	
December 31, 2013	 	 	 	 	 	 	722.4	
 	 	 	 	(1.9	)	 	
November 30, 2013	 	 	 	 	 	 	620.1	
 	 	 	 	(5.5	)	 	
October 31, 2013	 	 	 	 	 	 	636.2	
 	 	 	 	(1.6	)	 	
September 30, 2013	 	 	 	 	 	 	594.2	
 	 	 	 	(1.0	)	 	
August 31, 2013	 	 	 	 	 	 	748.8	
 	 	 	 	2.5	
 	 	
July 31, 2013	 	 	 	 	 	 	758.0	
 	 	 	 	4.6	
 	 	
June 30, 2013	 	 	 	 	 	 	716.6	
 	 	 	 	5.5	
 	 	
May 31, 2013	 	 	 	 	 	 	637.5	
 	 	 	 	2.4	
 	 	
April 30, 2013	 	 	 	 	 	 	667.0	
 	 	 	 	3.1	
 	 	
March 31, 2013	 	 	 	 	 	 	769.1	
 	 	 	 	7.6	
 	 	
February 28, 2013	 	 	 	 	 	 	675.5	
 	 	 	 	7.8	
 	 	
January 31, 2013	 	 	 	 	 	 	681.9	
 	 	 	 	5.9	
 	 	
December 31, 2012	 	 	 	 	 	 	733.7	
 	 	 	 	6.3	
 	 	
November 30, 2012	 	 	 	 	 	 	651.2	
 	 	 	 	14.5	
 	 	
October 31, 2012	 	 	 	 	 	 	640.7	
 	 	 	 	8.6	
 	 	
September 30, 2012	 	 	 	 	 	 	595.0	
 	 	 	 	6.1	
 	 	
August 31, 2012	 	 	 	 	 	 	725.6	
 	 	 	 	11.0	
 	 	
July 31, 2012	 	 	 	 	 	 	720.4	
 	 	 	 	7.8	
 	 	
June 30, 2012	 	 	 	 	 	 	677.2	
 	 	 	 	11.5	
 	 	
May 31, 2012	 	 	 	 	 	 	622.9	
 	 	 	 	12.5	

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	 	 	 	 	 	 	 	 	 	
4  Source: Honolulu Board of REALTORS	 	 	 	 	 	 	 	 	 	 	
5  Source: Hawaii Tourism Authority	 	 	 	 	 	 	 	 	 	
  Note: Certain prior period seasonally adjusted information has been revised.