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 25, 2016	 	
 
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 25, 2016, Bank of Hawaii Corporation announced its results of operations for the quarter ended June 30, 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 9.01.                                       Financial Statements and Exhibits.

(d)	Exhibits	
 
Exhibit No.

99.1	July 25, 2016 Press Release: Bank of Hawaii Corporation Second 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: July 25, 2016	Bank of Hawaii Corporation	

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

 	

 	 	

Bank of Hawaii Corporation Second Quarter 2016 Financial Results

•Diluted Earnings Per Share $1.03
•Net Income $44.2 Million
•Board of Directors Increases Dividend to $0.48 Per Share

FOR IMMEDIATE RELEASE

HONOLULU, HI (July 25, 2016) -- Bank of Hawaii Corporation (NYSE: BOH) today reported diluted earnings per share of $1.03 for the second quarter of 2016, down from diluted earnings per share of $1.16 in the previous quarter and up from diluted earnings per share of $0.95 in the same quarter last year. Net income for the second quarter of 2016 was $44.2 million compared with net income of $50.2 million in the first quarter of 2016 and net income of $41.2 million in the second quarter of 2015. Income for the first quarter of 2016 included sales of $11.2 million in Visa Class B shares. There were no sales of Visa shares during the second quarter of 2016 or the second quarter of 2015.

Loan and lease balances increased to $8.3 billion at June 30, 2016, up 3.3 percent from March 31, 2016 and up 12.2 percent compared with June 30, 2015. Deposits grew 1.1 percent during the quarter, as balances increased to $13.6 billion at June 30, 2016 compared with $13.5 billion at March 31, 2016 and $13.1 billion at June 30, 2015.

“Bank of Hawaii Corporation continued to perform well during the second quarter of 2016,” said Peter Ho, Chairman, President and CEO.  “Loan balances continued to grow, our margin was stable and asset quality remains strong.  We continued to make progress on our many initiatives and completed the installation of 116 smart ATM machines during the quarter.  By the end of the second quarter consumer deposit transactions from these new ATMs and our mobile application have increased to approximately 30% of consumer deposit transactions enabling our branch staff to spend more time serving our customers.”

The return on average assets for the second quarter of 2016 was 1.14 percent, down from 1.30 percent in the previous quarter and up from 1.10 percent in the same quarter last year. The return on average equity for the second quarter of 2016 was 15.56 percent, down from 17.88 percent for the first quarter of 2016 and up from 15.33 percent in the second quarter of 2015. The efficiency ratio for the second quarter of 2016 was 57.35 percent compared with 54.88 percent in the previous quarter and 58.16 percent in the same quarter last year.

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Bank of Hawaii Corporation Second Quarter 2016 Financial Results     Page 2

For the six-month period ended June 30, 2016, net income was $94.5 million, an increase of $10.9 million from net income of $83.6 million during the same period last year. Diluted earnings per share were $2.19 for the first half of 2016, up from $1.92 for the first half of 2015. The return on average assets for the six-month period ended June 30, 2016 was 1.22 percent compared with 1.12 percent for the same six months in 2015. The year-to-date return on average equity was 16.71 percent, up from 15.75 percent for the six months ended June 30, 2015. The efficiency ratio for the first half of 2016 improved to 56.08 percent compared with 58.23 percent in the same period last year.      

Financial Highlights

Net interest income, on a taxable equivalent basis, for the second quarter of 2016 was $106.5 million, an increase of $0.5 million compared with net interest income of $106.0 million in the first quarter of 2016 and an increase of $5.7 million compared with net interest income of $100.8 million in the second quarter of 2015. Net interest income in the second quarter of 2016 included interest recoveries of $1.0 million. The first quarter of 2016 included interest recoveries of $1.3 million. Net interest income for the first half of 2016 was $212.6 million, an increase of $12.2 million compared with net interest income of $200.4 million for the first half of 2015. Analyses of the changes in net interest income are included in Tables 8a, 8b and 8c.

The net interest margin was 2.85 percent for the second quarter of 2016, down from 2.86 percent in the previous quarter and a 4 basis point increase from the net interest margin of 2.81 percent in the second quarter of 2015. The net interest margin for the first six months of 2016 was 2.86 percent compared with 2.81 percent for the same six-month period last year.

Results for the second quarter of 2016 included a provision for credit losses of $1.0 million due to the continued strong growth of loans and leases partially offset by improved credit metrics. Results for the first quarter of 2016 included a negative provision for credit losses of $2.0 million largely due to the full recovery of loans previously charged off. There was no provision for credit losses during the second quarter of 2015.

Noninterest income was $46.5 million in the second quarter of 2016, a decrease of $9.7 million compared with noninterest income of $56.2 million in the first quarter of 2016 and an increase of $0.6 million compared with noninterest income of $45.9 million in the second quarter of 2015. Noninterest income in the second quarter of 2016 included a service fee of $1.2 million resulting from the sale of trust real estate. Mortgage banking income increased to $4.1 million in the second quarter of 2016 due to higher loan production and increased sales of conforming loans. The increase in gains on loan sales was partially offset by a $2.6 million valuation impairment to our mortgage servicing rights primarily due to the recent decline in interest rates. Noninterest income in the first quarter of 2016 included a net gain of $11.2 million resulting from the sale of Visa Class B shares and net gains of $1.9 million related to sales of previously leased assets. Noninterest income in the second quarter of 2015 included a fee of $0.5 million related to the transition of services provided to some institutional 401k plans. Noninterest income for the first half of 2016 was $102.7 million, an increase of $4.5 million compared with noninterest income of $98.2 million for the first half of 2015.

Noninterest expense was $86.1 million in the second quarter of 2016, down $1.3 million compared with noninterest expense of $87.4 million in the first quarter of 2016 and up $2.5 million compared with noninterest expense of $83.6 million in the second quarter last year. Noninterest expense in the second quarter of 2016 included higher incentive compensation compared with the second quarter last year due to continued strong business growth, an increase of $1.0 million in medical costs from the previous quarter and separation expense of $0.4 million. Second quarter expenses were partially offset by a net gain of $1.3 million from the sale of bank-owned real estate property. Noninterest expense in the first quarter of 2016 included seasonal payroll-related expenses, higher incentive compensation compared with the previous year, and an increase of $0.5 million to the provision for unfunded commitments. First quarter

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Bank of Hawaii Corporation Second Quarter 2016 Financial Results     Page 3

expenses were partially offset by a net gain of $1.5 million from the sale of a real estate property. Noninterest expense in the second quarter of 2015 included separation expense of $0.9 million. An analysis of noninterest expenses related to salaries and benefits is included in Table 9. Noninterest expense for the first half of 2016 was $173.5 million, an increase of $3.0 million compared with noninterest expense of $170.5 million for the first half of 2015.

The effective tax rate for the second quarter of 2016 was 29.77 percent compared with 32.01 percent in the previous quarter and 31.56 percent in the same quarter last year. The lower effective tax rate in second quarter of 2016 was primarily due to the release of state tax reserves due to the lapse in the statute of limitations related to prior tax years. The effective tax rate for the first half of 2016 was 30.98 percent compared with 31.64 percent during the same period last year.

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

The Company’s asset quality remained strong during the second quarter of 2016. Total non-performing assets declined to $16.3 million at June 30, 2016, down $5.7 million from non-performing assets of $22.0 million at March 31, 2016 and down $13.2 million from non-performing assets of $29.5 million at June 30, 2015. As a percentage of total loans and leases, including foreclosed real estate, non-performing assets were 0.20 percent at the end of the second quarter of 2016, down from 0.27 percent at the end of the first quarter of 2016, and down from 0.40 percent at the end of the second quarter last year.
Accruing loans and leases past due 90 days or more were $8.8 million at June 30, 2016, up from $7.9 million at March 31, 2016 and down from $9.7 million at June 30, 2015. Restructured loans not included in non-accrual loans or accruing loans past due 90 days or more were $52.2 million at June 30, 2016, up from $50.7 million at March 31, 2016 and $48.3 million at June 30, 2015. More information on non-performing assets and accruing loans and leases past due 90 days or more is presented in Table 11.
Net loan and lease charge-offs during the second quarter of 2016 were $1.7 million or 0.09 percent annualized of total average loans and leases outstanding. Loan and lease charge-offs of $3.7 million were partially offset by recoveries of $2.0 million. The Company recorded a net recovery of loans and leases previously charged off of $3.8 million during the first quarter of 2016 as charge-offs of $4.9 million were more than offset by recoveries of $8.7 million. Net charge-offs in the second quarter of 2015 were $1.5 million and comprised of $3.5 million in charge-offs and recoveries of $2.0 million. Net recoveries in the first half of 2016 were $2.1 million compared with net charge-offs of $2.7 million, or 0.08 percent annualized of total average loans and leases outstanding for the first half of 2015.

The allowance for loan and lease losses was reduced to $103.9 million at June 30, 2016. The ratio of the allowance for loan and lease losses to total loans and leases was 1.25 percent at June 30, 2016, a decrease of 5 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, 2016 was unchanged 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.

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Bank of Hawaii Corporation Second Quarter 2016 Financial Results     Page 4

Other Financial Highlights

Total assets were $15.86 billion at June 30, 2016, up from $15.65 billion at March 31, 2016 and $15.25 billion at June 30, 2015. Average total assets increased to $15.64 billion during the second quarter of 2016, up from $15.54 billion during the previous quarter and $15.04 billion during the same quarter last year.

The investment securities portfolio was $6.10 billion at June 30, 2016, down from $6.21 billion at March 31, 2016 and $6.47 billion at June 30, 2015 as loan growth continues to outpace deposit growth. The portfolio remains largely comprised of securities issued by U. S. government agencies and included $3.80 billion in securities held to maturity and $2.30 billion in securities available for sale at June 30, 2016. 

Total loans and leases were $8.33 billion at June 30, 2016, up from $8.07 billion at March 31, 2016 and up from $7.43 billion at June 30, 2015. Average total loans and leases were $8.21 billion during the second quarter of 2016, up from $7.94 billion during the first quarter of 2016, and up from $7.30 billion during the same quarter last year.

The commercial loan portfolio was $3.31 billion at the end of the second quarter of 2016, an increase of 1.5 percent from commercial loans of $3.26 billion at the end of the first quarter of 2016, and up 8.6 percent from commercial loans of $3.04 billion at the end of the same quarter last year. The consumer loan portfolio was $5.03 billion at the end of the second quarter of 2016, an increase of 4.5 percent from consumer loans of $4.81 billion at the end of the first quarter of 2016 and up 14.6 percent from $4.39 billion at the end of the same quarter last year. Loan and lease portfolio balances are summarized in Table 10.

Total deposits increased to $13.64 billion at June 30, 2016 compared with $13.49 billion at March 31, 2016 and $13.09 billion at June 30, 2015. Average total deposits were $13.45 billion during the second quarter of 2016, up from $13.33 billion during the previous quarter and $12.86 billion during the same quarter last year.

Consumer deposits were $6.62 billion at June 30, 2016, up from $6.57 billion at March 31, 2016 and up from $6.22 billion at June 30, 2015. Commercial deposits were $5.70 billion at June 30, 2016, up from $5.68 billion at March 31, 2016 and up from $5.52 billion at June 30, 2015. Other deposits, including public funds, were $1.33 billion at June 30, 2016, up from $1.24 billion at March 31, 2016 and down slightly from $1.34 billion at June 30, 2015. Deposit balances are summarized in Tables 7 and 10.

During the second quarter of 2016, the Company repurchased 213.0 thousand shares of common stock at a total cost of $14.6 million under its share repurchase program. The average cost was $68.71 per share repurchased. From the beginning of the share repurchase program initiated during July of 2001 through June 30, 2016, the Company has repurchased 53.3 million shares and returned over $2.0 billion to shareholders at an average cost of $37.62 per share. From July 1 through July 22, 2016, the Company repurchased an additional 60.0 thousand shares of common stock at an average cost of $68.65 per share. Remaining buyback authority under the share repurchase program was $85.6 million at July 22, 2016.

Total shareholders’ equity was $1.16 billion at June 30, 2016, up from $1.14 billion at March 31, 2016 and up from $1.08 billion at June 30, 2015. At June 30, 2016, the Tier 1 Capital Ratio was 13.66 percent compared with 13.85 percent at March 31, 2016 and 14.47 percent at June 30, 2015. The Tier 1 leverage ratio at June 30, 2016 was 7.29 percent compared with 7.25 percent at March 31, 2016 and 7.21 percent at June 30, 2015.

The Company’s Board of Directors declared a quarterly cash dividend of $0.48 per share on the Company’s outstanding shares. The dividend will be payable on September 15, 2016 to shareholders of record at the close of business on August 31, 2016.

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Bank of Hawaii Corporation Second Quarter 2016 Financial Results     Page 5

Hawaii Economy

Economic conditions in Hawaii continue to remain positive during the second quarter of 2016 due to an active construction industry, stable tourism, low unemployment, and a strong real estate market.  For the first five months of 2016, total visitor spending increased 1.0 percent and total arrivals increased 3.1 percent compared to the same period in 2015. The statewide seasonally-adjusted unemployment rate in Hawaii was 3.3 percent in June 2016 compared to 4.9 percent nationally. For the first six months of 2016, the volume of single-family home sales on Oahu increased 7.8 percent compared with the same period in 2015. The volume of condominium sales on Oahu increased 10.7 percent compared with the same period in 2015. During the first half of 2016 the median sales price of single-family homes on Oahu was 6.1 percent higher and the median sales price of a condominium was 7.4 percent higher compared with 2015. As of June 30, 2016, months of inventory of single-family homes and condominiums on Oahu remained low at approximately 3.0 months and 3.1 months, respectively. More information on current Hawaii economic trends is presented in Table 15.

Conference Call Information

The Company will review its second quarter 2016 financial results today at 2:00 p.m. Eastern Time (8:00 a.m. Hawaii 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, July 25, 2016. The replay number is 1 (855) 859-2056 in the United States and 1 (404) 537-3406 from international locations. Enter the pass code 40106598 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 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 1	
 	 	
 	Three Months Ended	 	Six Months Ended	 	
 	June 30,	 	March 31,	 	June 30,	 	June 30,	 	
(dollars in thousands, except per share amounts)	2016	 	2016	 	2015	 	2016	 	2015	 	
For the Period:	 	 	 	 	 	 	 	 	 	 	
Operating Results	 	 	 	 	 	 	 	 	 	 	
Net Interest Income	$	103,550	
 	 	$	103,024	
 	 	$	97,782	
 	 	$	206,574	
 	 	$	194,552	
 	 	
Provision for Credit Losses	1,000	
 	 	(2,000	)	 	—	
 	 	(1,000	)	 	—	
 	 	
Total Noninterest Income	46,519	
 	 	56,207	
 	 	45,925	
 	 	102,726	
 	 	98,232	
 	 	
Total Noninterest Expense	86,071	
 	 	87,386	
 	 	83,574	
 	 	173,457	
 	 	170,489	
 	 	
Net Income	44,245	
 	 	50,210	
 	 	41,154	
 	 	94,455	
 	 	83,596	
 	 	
Basic Earnings Per Share	1.04	
 	 	1.17	
 	 	0.95	
 	 	2.21	
 	 	1.93	
 	 	
Diluted Earnings Per Share	1.03	
 	 	1.16	
 	 	0.95	
 	 	2.19	
 	 	1.92	
 	 	
Dividends Declared Per Share	0.48	
 	 	0.45	
 	 	0.45	
 	 	0.93	
 	 	0.90	

Performance Ratios	 	 	 	 	 	 	 	 	 	 	
Return on Average Assets	1.14	
 	%	1.30	
 	%	1.10	
 	%	1.22	
 	%	1.12	
 	%	
Return on Average Shareholders' Equity	15.56	
 	 	17.88	
 	 	15.33	
 	 	16.71	
 	 	15.75	
 	 	
Efficiency Ratio 1	57.35	
 	 	54.88	
 	 	58.16	
 	 	56.08	
 	 	58.23	
 	 	
Net Interest Margin 2	2.85	
 	 	2.86	
 	 	2.81	
 	 	2.86	
 	 	2.81	
 	 	
Dividend Payout Ratio 3	46.15	
 	 	38.46	
 	 	47.37	
 	 	42.08	
 	 	46.63	
 	 	
Average Shareholders' Equity to Average Assets	7.31	
 	 	7.27	
 	 	7.16	
 	 	7.29	
 	 	7.14	

Average Balances	 	 	 	 	 	 	 	 	 	 	
Average Loans and Leases	$	8,205,104	
 	 	$	7,940,097	
 	 	$	7,300,506	
 	 	$	8,072,600	
 	 	$	7,177,467	
 	 	
Average Assets	15,639,596	
 	 	15,537,073	
 	 	15,038,500	
 	 	15,588,335	
 	 	14,992,524	
 	 	
Average Deposits	13,453,953	
 	 	13,334,550	
 	 	12,863,274	
 	 	13,394,251	
 	 	12,825,074	
 	 	
Average Shareholders' Equity	1,143,884	
 	 	1,129,561	
 	 	1,076,467	
 	 	1,136,722	
 	 	1,070,324	

Per Share of Common Stock	 	 	 	 	 	 	 	 	 	 	
Book Value	$	26.96	
 	 	$	26.43	
 	 	$	24.88	
 	 	$	26.96	
 	 	$	24.88	
 	 	
Tangible Book Value	26.23	
 	 	25.70	
 	 	24.15	
 	 	26.23	
 	 	24.15	
 	 	
Market Value	 	 	 	 	 	 	 	 	 	 	
   Closing	68.80	
 	 	68.28	
 	 	66.68	
 	 	68.80	
 	 	66.68	
 	 	
   High	72.77	
 	 	69.37	
 	 	68.10	
 	 	72.77	
 	 	68.10	
 	 	
   Low	64.96	
 	 	54.55	
 	 	58.70	
 	 	54.55	
 	 	53.90	

 	
 	
 	 	June 30,	
 	 	March 31,	
 	 	December 31,	
 	 	June 30,	

 	
 	 	2016	
 	 	2016	
 	 	2015	
 	 	2015	
 	 	
As of Period End:	 	 	 	 	 	 	 	 	 	 	
Balance Sheet Totals	 	 	 	 	 	 	 	 	 	 	
Loans and Leases	
 	
 	 	$	8,331,469	
 	 	$	8,065,610	
 	 	$	7,878,985	
 	 	$	7,428,438	
 	 	
Total Assets	
 	 	15,860,901	
 	 	15,654,695	
 	 	15,455,016	
 	 	15,248,043	
 	 	
Total Deposits	
 	 	13,643,807	
 	 	13,488,892	
 	 	13,251,103	
 	 	13,090,695	
 	 	
Other Debt	
 	 	267,970	
 	 	220,771	
 	 	245,786	
 	 	170,816	
 	 	
Total Shareholders' Equity	
 	 	1,157,219	
 	 	1,138,753	
 	 	1,116,260	
 	 	1,082,939	

Asset Quality	 	 	 	 	 	 	 	 	 	 	
Non-Performing Assets	
 	
 	 	$	16,280	
 	 	$	22,015	
 	 	$	28,801	
 	 	$	29,450	
 	 	
Allowance for Loan and Lease Losses	
 	 	103,932	
 	 	104,677	
 	 	102,880	
 	 	106,006	
 	 	
Allowance to Loans and Leases Outstanding	
 	 	1.25	
 	%	1.30	
 	%	1.31	
 	%	1.43	
 	%	
 	 	 	 	 	 	 	 	 	 	 	
Capital Ratios	 	 	 	 	 	 	 	 	 	 	
Common Equity Tier 1 Capital Ratio	
 	 	13.66	
 	%	13.85	
 	%	13.97	
 	%	14.47	
 	%	
Tier 1 Capital Ratio	
 	 	13.66	
 	 	13.85	
 	 	13.97	
 	 	14.47	
 	 	
Total Capital Ratio	
 	 	14.91	
 	 	15.10	
 	 	15.22	
 	 	15.72	
 	 	
Tier 1 Leverage Ratio	
 	 	7.29	
 	 	7.25	
 	 	7.26	
 	 	7.21	
 	 	
Total Shareholders' Equity to Total Assets	
 	 	7.30	
 	 	7.27	
 	 	7.22	
 	 	7.10	
 	 	
Tangible Common Equity to Tangible Assets 4	
 	
 	 	7.11	
 	 	7.09	
 	 	7.03	
 	 	6.91	
 	 	
Tangible Common Equity to Risk-Weighted Assets  4	
 	
 	 	13.49	
 	 	13.62	
 	 	13.62	
 	 	14.03	

Non-Financial Data	 	 	 	 	 	 	 	 	 	 	
Full-Time Equivalent Employees	
 	 	2,136	
 	 	2,139	
 	 	2,164	
 	 	2,166	
 	 	
Branches	
 	 	70	
 	 	70	
 	 	70	
 	 	71	
 	 	
ATMs	
 	 	451	
 	 	452	
 	 	456	
 	 	455	

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	
 	
 	 	June 30,	
 	 	March 31,	
 	 	December 31,	
 	 	June 30,	
 	
(dollars in thousands)	2016	
 	 	2016	
 	 	2015	
 	 	2015	
 	
Total Shareholders' Equity	$	1,157,219	
 	 	$	1,138,753	
 	 	$	1,116,260	
 	 	$	1,082,939	
 	
Less:	Goodwill	31,517	
 	 	31,517	
 	 	31,517	
 	 	31,517	
 	
Tangible Common Equity	$	1,125,702	
 	 	$	1,107,236	
 	 	$	1,084,743	
 	 	$	1,051,422	

Total Assets	$	15,860,901	
 	 	$	15,654,695	
 	 	$	15,455,016	
 	 	$	15,248,043	
 	
Less:	Goodwill	31,517	
 	 	31,517	
 	 	31,517	
 	 	31,517	
 	
Tangible Assets	$	15,829,384	
 	 	$	15,623,178	
 	 	$	15,423,499	
 	 	$	15,216,526	

Risk-Weighted Assets, determined in accordance	 	 	 	 	 	 	 	
 	   with prescribed regulatory requirements	$	8,341,990	
 	 	$	8,130,093	
 	 	$	7,962,484	
 	 	$	7,495,744	

Total Shareholders' Equity to Total Assets	7.30	%	 	7.27	%	 	7.22	%	 	7.10	%	
Tangible Common Equity to Tangible Assets (Non-GAAP)	7.11	%	 	7.09	%	 	7.03	%	 	6.91	%	
 	 	 	 	 	 	 	 	 	
Tier 1 Capital Ratio	13.66	%	 	13.85	%	 	13.97	%	 	14.47	%	
Tangible Common Equity to Risk-Weighted Assets (Non-GAAP)	13.49	%	 	13.62	%	 	13.62	%	 	14.03	%	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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)	2016	2016	2015	 	2016	2015	
Interest Income	 	 	 	 	 	 	
   Interest and Fees on Loans and Leases	$	82,323	
 	$	80,895	
 	$	73,565	
 	 	$	163,218	
 	$	144,526	
 	
   Income on Investment Securities	 	 	 	 	 	 	
      Available-for-Sale	10,521	
 	10,814	
 	10,273	
 	 	21,335	
 	20,471	
 	
      Held-to-Maturity	20,168	
 	20,391	
 	22,832	
 	 	40,559	
 	47,239	
 	
   Deposits	2	
 	4	
 	2	
 	 	6	
 	5	
 	
   Funds Sold	618	
 	753	
 	268	
 	 	1,371	
 	527	
 	
   Other	153	
 	212	
 	310	
 	 	365	
 	612	
 	
Total Interest Income	113,785	
 	113,069	
 	107,250	
 	 	226,854	
 	213,380	
 	
Interest Expense	 	 	 	 	 	 	
   Deposits	3,081	
 	2,886	
 	2,405	
 	 	5,967	
 	4,773	
 	
   Securities Sold Under Agreements to Repurchase	6,134	
 	6,153	
 	6,440	
 	 	12,287	
 	12,811	
 	
   Funds Purchased	3	
 	3	
 	3	
 	 	6	
 	6	
 	
   Other Debt	1,017	
 	1,003	
 	620	
 	 	2,020	
 	1,238	
 	
Total Interest Expense	10,235	
 	10,045	
 	9,468	
 	 	20,280	
 	18,828	
 	
Net Interest Income	103,550	
 	103,024	
 	97,782	
 	 	206,574	
 	194,552	
 	
Provision for Credit Losses	1,000	
 	(2,000	)	—	
 	 	(1,000	)	—	
 	
Net Interest Income After Provision for Credit Losses	102,550	
 	105,024	
 	97,782	
 	 	207,574	
 	194,552	
 	
Noninterest Income	 	 	 	 	 	 	
   Trust and Asset Management	12,707	
 	11,256	
 	12,355	
 	 	23,963	
 	24,535	
 	
   Mortgage Banking	4,088	
 	3,189	
 	3,469	
 	 	7,277	
 	5,162	
 	
   Service Charges on Deposit Accounts	8,150	
 	8,443	
 	8,203	
 	 	16,593	
 	16,740	
 	
   Fees, Exchange, and Other Service Charges	13,978	
 	13,444	
 	13,352	
 	 	27,422	
 	26,249	
 	
   Investment Securities Gains (Losses), Net	(312	)	11,180	
 	86	
 	 	10,868	
 	10,317	
 	
   Annuity and Insurance	2,006	
 	1,901	
 	1,885	
 	 	3,907	
 	3,929	
 	
   Bank-Owned Life Insurance	1,551	
 	1,548	
 	2,088	
 	 	3,099	
 	3,822	
 	
   Other	4,351	
 	5,246	
 	4,487	
 	 	9,597	
 	7,478	
 	
Total Noninterest Income	46,519	
 	56,207	
 	45,925	
 	 	102,726	
 	98,232	
 	
Noninterest Expense	 	 	 	 	 	 	
   Salaries and Benefits	50,289	
 	50,514	
 	47,610	
 	 	100,803	
 	97,390	
 	
   Net Occupancy	7,158	
 	7,003	
 	8,605	
 	 	14,161	
 	17,938	
 	
   Net Equipment	5,065	
 	5,409	
 	4,826	
 	 	10,474	
 	10,114	
 	
   Data Processing	3,972	
 	3,951	
 	3,673	
 	 	7,923	
 	7,446	
 	
   Professional Fees	2,047	
 	2,639	
 	2,265	
 	 	4,686	
 	4,599	
 	
   FDIC Insurance	2,144	
 	2,352	
 	2,068	
 	 	4,496	
 	4,208	
 	
   Other	15,396	
 	15,518	
 	14,527	
 	 	30,914	
 	28,794	
 	
Total Noninterest Expense	86,071	
 	87,386	
 	83,574	
 	 	173,457	
 	170,489	
 	
Income Before Provision for Income Taxes	62,998	
 	73,845	
 	60,133	
 	 	136,843	
 	122,295	
 	
Provision for Income Taxes	18,753	
 	23,635	
 	18,979	
 	 	42,388	
 	38,699	
 	
Net Income	$	44,245	
 	$	50,210	
 	$	41,154	
 	 	$	94,455	
 	$	83,596	
 	
Basic Earnings Per Share	$	1.04	
 	$	1.17	
 	$	0.95	
 	 	$	2.21	
 	$	1.93	
 	
Diluted Earnings Per Share	$	1.03	
 	$	1.16	
 	$	0.95	
 	 	$	2.19	
 	$	1.92	
 	
Dividends Declared Per Share	$	0.48	
 	$	0.45	
 	$	0.45	
 	 	$	0.93	
 	$	0.90	
 	
Basic Weighted Average Shares	42,729,731	
 	42,920,794	
 	43,305,813	
 	 	42,825,369	
 	43,345,667	
 	
Diluted Weighted Average Shares	42,942,960	
 	43,126,526	
 	43,518,349	
 	 	43,033,199	
 	43,558,664	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	
Consolidated Statements of Comprehensive Income	 	 	 	 	Table 4	
 	
 	 	Three Months Ended	 	Six Months Ended	
 	 	June 30,	March 31,	June 30,	 	June 30,	
(dollars in thousands)	2016	2016	2015	 	2016	2015	
Net Income	$	44,245	
 	$	50,210	
 	$	41,154	
 	 	$	94,455	
 	$	83,596	
 	
Other Comprehensive Income (Loss), Net of Tax:	 	 	 	 	 	 	
 	Net Unrealized Gains (Losses) on Investment Securities	5,157	
 	8,694	
 	(7,610	)	 	13,851	
 	(2,316	)	
 	Defined Benefit Plans	141	
 	141	
 	220	
 	 	282	
 	440	
 	
Total Other Comprehensive Income (Loss)	5,298	
 	8,835	
 	(7,390	)	 	14,133	
 	(1,876	)	
Comprehensive Income	$	49,543	
 	$	59,045	
 	$	33,764	
 	 	$	108,588	
 	$	81,720	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	
Consolidated Statements of Condition	 	 	 	Table 5	
 	
 	June 30,	
 	March 31,	
 	December 31,	
 	June 30,	
 	
(dollars in thousands)	2016	
 	2016	
 	2015	
 	2015	
 	
Assets	 	 	 	 	
Interest-Bearing Deposits in Other Banks	$	3,819	
 	$	4,453	
 	$	4,130	
 	$	3,420	
 	
Funds Sold	615,395	
 	626,206	
 	592,892	
 	602,598	
 	
Investment Securities	 	 	 	 	
   Available-for-Sale	2,299,638	
 	2,293,751	
 	2,256,818	
 	2,275,361	
 	
   Held-to-Maturity (Fair Value of $3,890,220; $3,981,830; $4,006,412; and $4,240,732)	3,798,200	
 	3,911,703	
 	3,982,736	
 	4,199,121	
 	
Loans Held for Sale	105,824	
 	16,854	
 	4,808	
 	18,483	
 	
Loans and Leases	8,331,469	
 	8,065,610	
 	7,878,985	
 	7,428,438	
 	
   Allowance for Loan and Lease Losses	(103,932	)	(104,677	)	(102,880	)	(106,006	)	
     Net Loans and Leases	8,227,537	
 	7,960,933	
 	7,776,105	
 	7,322,432	
 	
Total Earning Assets	15,050,413	
 	14,813,900	
 	14,617,489	
 	14,421,415	
 	
Cash and Due from Banks	133,836	
 	164,012	
 	158,699	
 	150,874	
 	
Premises and Equipment, Net	109,832	
 	111,086	
 	111,199	
 	108,439	
 	
Accrued Interest Receivable	45,709	
 	47,504	
 	44,719	
 	44,475	
 	
Foreclosed Real Estate	1,728	
 	1,728	
 	824	
 	1,989	
 	
Mortgage Servicing Rights	19,631	
 	22,663	
 	23,002	
 	23,426	
 	
Goodwill	31,517	
 	31,517	
 	31,517	
 	31,517	
 	
Bank-Owned Life Insurance	271,274	
 	269,723	
 	268,175	
 	265,133	
 	
Other Assets	196,961	
 	192,562	
 	199,392	
 	200,775	
 	
Total Assets	$	15,860,901	
 	$	15,654,695	
 	$	15,455,016	
 	$	15,248,043	

Liabilities	 	 	 	 	
Deposits	 	 	 	 	
   Noninterest-Bearing Demand	$	4,383,496	
 	$	4,329,321	
 	$	4,286,331	
 	$	4,156,847	
 	
   Interest-Bearing Demand	2,838,744	
 	2,759,357	
 	2,761,930	
 	2,699,517	
 	
   Savings	5,165,808	
 	5,172,206	
 	5,025,191	
 	5,044,711	
 	
   Time	1,255,759	
 	1,228,008	
 	1,177,651	
 	1,189,620	
 	
Total Deposits	13,643,807	
 	13,488,892	
 	13,251,103	
 	13,090,695	
 	
Funds Purchased	7,333	
 	7,333	
 	7,333	
 	8,459	
 	
Short-Term Borrowings	—	
 	408	
 	—	
 	—	
 	
Securities Sold Under Agreements to Repurchase	586,785	
 	586,785	
 	628,857	
 	672,310	
 	
Other Debt	267,970	
 	220,771	
 	245,786	
 	170,816	
 	
Retirement Benefits Payable	47,438	
 	47,408	
 	47,374	
 	55,181	
 	
Accrued Interest Payable	5,532	
 	5,661	
 	5,032	
 	5,254	
 	
Taxes Payable and Deferred Taxes	20,979	
 	43,134	
 	17,737	
 	26,244	
 	
Other Liabilities	123,838	
 	115,550	
 	135,534	
 	136,145	
 	
Total Liabilities	14,703,682	
 	14,515,942	
 	14,338,756	
 	14,165,104	
 	
Shareholders' Equity	 	 	 	 	
Common Stock ($.01 par value; authorized 500,000,000 shares;	 	 	 	 	
   issued / outstanding: June 30, 2016 - 57,856,419 / 42,916,163;	 	 	 	 	
   March 31, 2016 - 57,849,536 / 43,080,503; December 31, 2015 - 57,749,071 / 43,282,153;	 	 	 	 	
   and June 30, 2015 - 57,745,324 / 43,535,020)	576	
 	576	
 	575	
 	575	
 	
Capital Surplus	546,928	
 	544,267	
 	542,041	
 	536,782	
 	
Accumulated Other Comprehensive Loss	(9,424	)	(14,722	)	(23,557	)	(28,562	)	
Retained Earnings	1,370,308	
 	1,347,374	
 	1,316,260	
 	1,278,672	
 	
Treasury Stock, at Cost (Shares: June 30, 2016 - 14,940,256; March 31, 2016 - 14,769,033;	 	 	 	 	
    December 31, 2015 - 14,466,918; and June 30, 2015 - 14,210,304)	(751,169	)	(738,742	)	(719,059	)	(704,528	)	
Total Shareholders' Equity	1,157,219	
 	1,138,753	
 	1,116,260	
 	1,082,939	
 	
Total Liabilities and Shareholders' Equity	$	15,860,901	
 	$	15,654,695	
 	$	15,455,016	
 	$	15,248,043	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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, 2015	43,282,153	
 	$	575	
 	$	542,041	
 	$	(23,557	)	$	1,316,260	
 	$	(719,059	)	$	1,116,260	
 	
Net Income	—	
 	—	
 	—	
 	—	
 	94,455	
 	—	
 	94,455	
 	
Other Comprehensive Income	—	
 	—	
 	—	
 	14,133	
 	—	
 	—	
 	14,133	
 	
Share-Based Compensation	—	
 	—	
 	3,314	
 	—	
 	—	
 	—	
 	3,314	
 	
Common Stock Issued under Purchase and Equity	 	 	 	 	 	 	 	
 	Compensation Plans and Related Tax Benefits	201,445	
 	1	
 	1,573	
 	—	
 	(277	)	4,900	
 	6,197	
 	
Common Stock Repurchased	(567,435	)	—	
 	—	
 	—	
 	—	
 	(37,010	)	(37,010	)	
Cash Dividends Declared ($0.93 per share)	—	
 	—	
 	—	
 	—	
 	(40,130	)	—	
 	(40,130	)	
Balance as of June 30, 2016	42,916,163	
 	$	576	
 	$	546,928	
 	$	(9,424	)	$	1,370,308	
 	$	(751,169	)	$	1,157,219	

 	

 	

 	
 	
Balance as of December 31, 2014	43,724,208	
 	$	574	
 	$	531,932	
 	$	(26,686	)	$	1,234,801	
 	$	(685,535	)	$	1,055,086	
 	
Net Income	—	
 	—	
 	—	
 	—	
 	83,596	
 	—	
 	83,596	
 	
Other Comprehensive Loss	—	
 	—	
 	—	
 	(1,876	)	—	
 	—	
 	(1,876	)	
Share-Based Compensation	—	
 	—	
 	3,731	
 	—	
 	—	
 	—	
 	3,731	
 	
Common Stock Issued under Purchase and Equity	 	 	 	 	 	 	 	
 	Compensation Plans and Related Tax Benefits	213,289	
 	1	
 	1,119	
 	—	
 	(408	)	5,394	
 	6,106	
 	
Common Stock Repurchased	(402,477	)	—	
 	—	
 	—	
 	—	
 	(24,387	)	(24,387	)	
Cash Dividends Declared ($0.90 per share)	—	
 	—	
 	—	
 	—	
 	(39,317	)	—	
 	(39,317	)	
Balance as of June 30, 2015	43,535,020	
 	$	575	
 	$	536,782	
 	$	(28,562	)	$	1,278,672	
 	$	(704,528	)	$	1,082,939	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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, 2016	 	March 31, 2016	 	June 30, 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	
 	$	—	
 	0.17	
 	%	$	4.4	
 	$	—	
 	0.41	
 	%	$	3.5	
 	$	—	
 	0.17	
 	%	
Funds Sold	526.8	
 	0.6	
 	0.46	
 	 	647.7	
 	0.8	
 	0.46	
 	 	473.5	
 	0.3	
 	0.22	
 	 	
Investment Securities	 	 	 	 	 	 	 	 	 	 	 	 	
 	Available-for-Sale	 	 	 	 	 	 	 	 	 	 	 	 	
 	   Taxable	1,619.7	
 	6.9	
 	1.72	
 	 	1,588.5	
 	7.2	
 	1.80	
 	 	1,558.6	
 	6.5	
 	1.68	
 	 	
 	   Non-Taxable	691.8	
 	5.5	
 	3.17	
 	 	715.0	
 	5.6	
 	3.15	
 	 	725.8	
 	5.8	
 	3.17	
 	 	
 	Held-to-Maturity	 	 	 	 	 	 	 	 	 	 	 	 	
 	   Taxable	3,639.5	
 	18.6	
 	2.05	
 	 	3,679.6	
 	18.8	
 	2.05	
 	 	4,006.4	
 	21.3	
 	2.12	
 	 	
 	   Non-Taxable	244.6	
 	2.4	
 	3.91	
 	 	245.5	
 	2.4	
 	3.91	
 	 	248.2	
 	2.4	
 	3.93	
 	 	
Total Investment Securities	6,195.6	
 	33.4	
 	2.16	
 	 	6,228.6	
 	34.0	
 	2.19	
 	 	6,539.0	
 	36.0	
 	2.20	
 	 	
Loans Held for Sale	19.9	
 	0.2	
 	3.64	
 	 	12.2	
 	0.1	
 	3.89	
 	 	11.1	
 	0.1	
 	3.66	
 	 	
Loans and Leases 1	 	 	 	 	 	 	 	 	 	 	 	 	
 	Commercial and Industrial	1,176.0	
 	9.8	
 	3.36	
 	 	1,127.4	
 	10.8	
 	3.84	
 	 	1,156.3	
 	9.1	
 	3.16	
 	 	
 	Commercial Mortgage	1,686.7	
 	16.4	
 	3.91	
 	 	1,689.2	
 	15.7	
 	3.74	
 	 	1,499.7	
 	14.4	
 	3.85	
 	 	
 	Construction	210.8	
 	2.3	
 	4.44	
 	 	170.0	
 	2.0	
 	4.63	
 	 	126.0	
 	1.5	
 	4.85	
 	 	
 	Commercial Lease Financing	196.4	
 	1.2	
 	2.36	
 	 	198.9	
 	1.3	
 	2.69	
 	 	225.1	
 	2.0	
 	3.47	
 	 	
 	Residential Mortgage	3,005.4	
 	30.1	
 	4.01	
 	 	2,918.5	
 	29.6	
 	4.05	
 	 	2,736.2	
 	28.3	
 	4.14	
 	 	
 	Home Equity	1,170.9	
 	10.5	
 	3.61	
 	 	1,103.5	
 	10.1	
 	3.69	
 	 	906.8	
 	8.1	
 	3.60	
 	 	
 	Automobile	405.9	
 	5.2	
 	5.18	
 	 	388.6	
 	5.0	
 	5.19	
 	 	344.4	
 	4.5	
 	5.20	
 	 	
 	Other 2	353.0	
 	6.9	
 	7.78	
 	 	344.0	
 	6.5	
 	7.64	
 	 	306.0	
 	5.7	
 	7.51	
 	 	
Total Loans and Leases	8,205.1	
 	82.4	
 	4.03	
 	 	7,940.1	
 	81.0	
 	4.09	
 	 	7,300.5	
 	73.6	
 	4.04	
 	 	
Other	38.1	
 	0.1	
 	1.61	
 	 	38.4	
 	0.2	
 	2.21	
 	 	51.6	
 	0.3	
 	2.40	
 	 	
Total Earning Assets 3	14,989.5	
 	116.7	
 	3.12	
 	 	14,871.4	
 	116.1	
 	3.13	
 	 	14,379.2	
 	110.3	
 	3.07	
 	 	
Cash and Due from Banks	120.4	
 	 	 	 	131.0	
 	 	 	 	125.8	
 	 	 	 	
Other Assets	529.7	
 	 	 	 	534.7	
 	 	 	 	533.5	
 	 	 	 	
Total Assets	$	15,639.6	
 	 	 	 	$	15,537.1	
 	 	 	 	$	15,038.5	

Interest-Bearing Liabilities	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits	 	 	 	 	 	 	 	 	 	 	 	 	
 	Demand	$	2,738.1	
 	0.3	
 	0.04	
 	 	$	2,761.6	
 	0.3	
 	0.04	
 	 	$	2,611.9	
 	0.2	
 	0.03	
 	 	
 	Savings	5,184.8	
 	1.1	
 	0.09	
 	 	5,137.6	
 	1.1	
 	0.09	
 	 	5,023.5	
 	1.1	
 	0.09	
 	 	
 	Time	1,214.8	
 	1.7	
 	0.57	
 	 	1,208.4	
 	1.5	
 	0.50	
 	 	1,256.6	
 	1.1	
 	0.35	
 	 	
Total Interest-Bearing Deposits	9,137.7	
 	3.1	
 	0.14	
 	 	9,107.6	
 	2.9	
 	0.13	
 	 	8,892.0	
 	2.4	
 	0.11	
 	 	
Short-Term Borrowings	7.3	
 	—	
 	0.15	
 	 	7.8	
 	—	
 	0.14	
 	 	8.5	
 	—	
 	0.14	
 	 	
Securities Sold Under Agreements to Repurchase	586.8	
 	6.1	
 	4.14	
 	 	602.9	
 	6.2	
 	4.04	
 	 	672.2	
 	6.5	
 	3.79	
 	 	
Other Debt	226.8	
 	1.0	
 	1.80	
 	 	232.3	
 	1.0	
 	1.73	
 	 	173.9	
 	0.6	
 	1.43	
 	 	
Total Interest-Bearing Liabilities	9,958.6	
 	10.2	
 	0.41	
 	 	9,950.6	
 	10.1	
 	0.40	
 	 	9,746.6	
 	9.5	
 	0.39	
 	 	
Net Interest Income	 	$	106.5	
 	 	 	 	$	106.0	
 	 	 	 	$	100.8	
 	 	 	
 	Interest Rate Spread	 	 	2.71	
 	%	 	 	2.73	
 	%	 	 	2.68	
 	%	
 	Net Interest Margin	 	 	2.85	
 	%	 	 	2.86	
 	%	 	 	2.81	
 	%	
Noninterest-Bearing Demand Deposits	4,316.3	
 	 	 	 	4,227.0	
 	 	 	 	3,971.3	
 	 	 	 	
Other Liabilities	220.8	
 	 	 	 	229.9	
 	 	 	 	244.1	
 	 	 	 	
Shareholders' Equity	1,143.9	
 	 	 	 	1,129.6	
 	 	 	 	1,076.5	
 	 	 	 	
Total Liabilities and Shareholders' Equity	$	15,639.6	
 	 	 	 	$	15,537.1	
 	 	 	 	$	15,038.5	

 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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 $2,977,000, $3,013,000 and $3,008,000 for the three months	 	
 	ended June 30, 2016, March 31, 2016, and June 30, 2015, 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, 2016	 	June 30, 2015	 	
 	 	Average	
 	Income/	
 	Yield/	
 	 	Average	
 	Income/	
 	Yield/	
 	 	
(dollars in millions)	Balance	
 	Expense	
 	Rate	
 	 	Balance	
 	Expense	
 	Rate	
 	 	
Earning Assets	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits in Other Banks	$	4.2	
 	$	—	
 	0.30	
 	%	$	3.2	
 	$	—	
 	0.30	
 	%	
Funds Sold	587.3	
 	1.4	
 	0.46	
 	 	478.9	
 	0.5	
 	0.22	
 	 	
Investment Securities	 	 	 	 	 	 	 	 	
 	Available-for-Sale	 	 	 	 	 	 	 	 	
 	   Taxable	1,604.1	
 	14.1	
 	1.76	
 	 	1,559.7	
 	13.0	
 	1.67	
 	 	
 	   Non-Taxable	703.4	
 	11.1	
 	3.16	
 	 	724.6	
 	11.5	
 	3.17	
 	 	
 	Held-to-Maturity	 	 	 	 	 	 	 	 	
 	   Taxable	3,659.5	
 	37.5	
 	2.05	
 	 	4,073.2	
 	44.0	
 	2.17	
 	 	
 	   Non-Taxable	245.1	
 	4.8	
 	3.91	
 	 	248.7	
 	4.9	
 	3.94	
 	 	
Total Investment Securities	6,212.1	
 	67.5	
 	2.17	
 	 	6,606.2	
 	73.4	
 	2.23	
 	 	
Loans Held for Sale	16.0	
 	0.3	
 	3.74	
 	 	7.1	
 	0.1	
 	3.65	
 	 	
Loans and Leases 1	 	 	 	 	 	 	 	 	
 	Commercial and Industrial	1,151.7	
 	20.6	
 	3.59	
 	 	1,143.5	
 	18.0	
 	3.17	
 	 	
 	Commercial Mortgage	1,687.9	
 	32.1	
 	3.82	
 	 	1,474.8	
 	28.1	
 	3.84	
 	 	
 	Construction	190.4	
 	4.3	
 	4.53	
 	 	115.0	
 	2.6	
 	4.64	
 	 	
 	Commercial Lease Financing	197.7	
 	2.5	
 	2.53	
 	 	225.5	
 	3.9	
 	3.44	
 	 	
 	Residential Mortgage	2,962.0	
 	59.6	
 	4.03	
 	 	2,684.0	
 	55.8	
 	4.16	
 	 	
 	Home Equity	1,137.2	
 	20.6	
 	3.65	
 	 	892.7	
 	16.2	
 	3.66	
 	 	
 	Automobile	397.2	
 	10.2	
 	5.19	
 	 	338.0	
 	8.8	
 	5.23	
 	 	
 	Other 2	348.5	
 	13.4	
 	7.71	
 	 	304.0	
 	11.2	
 	7.43	
 	 	
Total Loans and Leases	8,072.6	
 	163.3	
 	4.06	
 	 	7,177.5	
 	144.6	
 	4.05	
 	 	
Other	38.2	
 	0.4	
 	1.91	
 	 	58.8	
 	0.6	
 	2.08	
 	 	
Total Earning Assets 3	14,930.4	
 	232.9	
 	3.13	
 	 	14,331.7	
 	219.2	
 	3.07	
 	 	
Cash and Due from Banks	125.7	
 	 	 	 	131.1	
 	 	 	 	
Other Assets	532.2	
 	 	 	 	529.7	
 	 	 	 	
Total Assets	$	15,588.3	
 	 	 	 	$	14,992.5	

Interest-Bearing Liabilities	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits	 	 	 	 	 	 	 	 	
 	Demand	$	2,749.9	
 	0.5	
 	0.04	
 	 	$	2,594.6	
 	0.4	
 	0.03	
 	 	
 	Savings	5,161.2	
 	2.3	
 	0.09	
 	 	4,982.5	
 	2.2	
 	0.09	
 	 	
 	Time	1,211.6	
 	3.2	
 	0.53	
 	 	1,317.1	
 	2.2	
 	0.34	
 	 	
Total Interest-Bearing Deposits	9,122.7	
 	6.0	
 	0.13	
 	 	8,894.2	
 	4.8	
 	0.11	
 	 	
Short-Term Borrowings	7.5	
 	—	
 	0.15	
 	 	8.4	
 	—	
 	0.14	
 	 	
Securities Sold Under Agreements to Repurchase	594.9	
 	12.3	
 	4.09	
 	 	675.2	
 	12.8	
 	3.77	
 	 	
Other Debt	229.5	
 	2.0	
 	1.77	
 	 	173.9	
 	1.2	
 	1.43	
 	 	
Total Interest-Bearing Liabilities	9,954.6	
 	20.3	
 	0.41	
 	 	9,751.7	
 	18.8	
 	0.39	
 	 	
Net Interest Income	 	$	212.6	
 	 	 	 	$	200.4	
 	 	 	
 	Interest Rate Spread	 	 	2.72	
 	%	 	 	2.68	
 	%	
 	Net Interest Margin	 	 	2.86	
 	%	 	 	2.81	
 	%	
Noninterest-Bearing Demand Deposits	4,271.6	
 	 	 	 	3,930.9	
 	 	 	 	
Other Liabilities	225.4	
 	 	 	 	239.6	
 	 	 	 	
Shareholders' Equity	1,136.7	
 	 	 	 	1,070.3	
 	 	 	 	
Total Liabilities and Shareholders' Equity	$	15,588.3	
 	 	 	 	$	14,992.5	

 	 	 	 	 	 	 	 	 	 	
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 $5,990,000 and $5,886,000 for the six months	 	
 	ended June 30, 2016 and June 30, 2015, respectively.	 	 	 	 	 	

 	
 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	
Analysis of Change in Net Interest Income - Taxable-Equivalent Basis	 	Table 8a	
 	
 	Three Months Ended June 30, 2016	
 	Compared to March 31, 2016	
(dollars in millions)	Volume 1	
 	Rate 1	
 	Total	
 	
Change in Interest Income:	 	 	 	
Funds Sold	$	(0.2	)	$	—	
 	$	(0.2	)	
Investment Securities	 	 	 	
   Available-for-Sale	 	 	 	
      Taxable	0.1	
 	(0.4	)	(0.3	)	
      Non-Taxable	(0.2	)	0.1	
 	(0.1	)	
   Held-to-Maturity	 	 	 	
      Taxable	(0.2	)	—	
 	(0.2	)	
Total Investment Securities	(0.3	)	(0.3	)	(0.6	)	
Loans Held for Sale	0.1	
 	—	
 	0.1	
 	
Loans and Leases	

 	
   Commercial and Industrial	0.4	
 	(1.4	)	(1.0	)	
   Commercial Mortgage	—	
 	0.7	
 	0.7	
 	
   Construction	0.4	
 	(0.1	)	0.3	
 	
   Commercial Lease Financing	—	
 	(0.1	)	(0.1	)	
   Residential Mortgage	0.9	
 	(0.4	)	0.5	
 	
   Home Equity	0.6	
 	(0.2	)	0.4	
 	
   Automobile	0.2	
 	—	
 	0.2	
 	
   Other 2	0.3	
 	0.1	
 	0.4	
 	
Total Loans and Leases	2.8	
 	(1.4	)	1.4	
 	
Other	—	
 	(0.1	)	(0.1	)	
Total Change in Interest Income	2.4	
 	(1.8	)	0.6	

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

Change in Net Interest Income	$	2.6	
 	$	(2.1	)	$	0.5	

 	 	 	 	
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 8b	
 	
 	Three Months Ended June 30, 2016	
 	Compared to June 30, 2015	
(dollars in millions)	Volume 1	
 	Rate 1	
 	Total	
 	
Change in Interest Income:	 	 	 	
Funds Sold	$	—	
 	$	0.3	
 	$	0.3	
 	
Investment Securities	 	 	 	
   Available-for-Sale	 	 	 	
      Taxable	0.2	
 	0.2	
 	0.4	
 	
      Non-Taxable	(0.3	)	—	
 	(0.3	)	
   Held-to-Maturity	 	 	 	
      Taxable	(1.9	)	(0.8	)	(2.7	)	
Total Investment Securities	(2.0	)	(0.6	)	(2.6	)	
Loans Held for Sale	0.1	
 	—	
 	0.1	
 	
Loans and Leases	 	 	 	
   Commercial and Industrial	0.1	
 	0.6	
 	0.7	
 	
   Commercial Mortgage	1.8	
 	0.2	
 	2.0	
 	
   Construction	0.9	
 	(0.1	)	0.8	
 	
   Commercial Lease Financing	(0.2	)	(0.6	)	(0.8	)	
   Residential Mortgage	2.7	
 	(0.9	)	1.8	
 	
   Home Equity	2.4	
 	—	
 	2.4	
 	
   Automobile	0.7	
 	—	
 	0.7	
 	
   Other 2	1.0	
 	0.2	
 	1.2	
 	
Total Loans and Leases	9.4	
 	(0.6	)	8.8	
 	
Other	(0.1	)	(0.1	)	(0.2	)	
Total Change in Interest Income	7.4	
 	(1.0	)	6.4	

Change in Interest Expense:	 	 	 	
Interest-Bearing Deposits	 	 	 	
   Demand	—	
 	0.1	
 	0.1	
 	
   Time	—	
 	0.6	
 	0.6	
 	
Total Interest-Bearing Deposits	—	
 	0.7	
 	0.7	
 	
Securities Sold Under Agreements to Repurchase	(0.9	)	0.5	
 	(0.4	)	
Other Debt	0.2	
 	0.2	
 	0.4	
 	
Total Change in Interest Expense	(0.7	)	1.4	
 	0.7	

Change in Net Interest Income	$	8.1	
 	$	(2.4	)	$	5.7	

 	 	 	 	
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, 2016	
 	Compared to June 30, 2015	
(dollars in millions)	Volume 1	
 	Rate 1	
 	Total	
 	
Change in Interest Income:	 	 	 	
Funds Sold	$	0.2	
 	$	0.7	
 	$	0.9	
 	
Investment Securities	 	 	 	
   Available-for-Sale	 	 	 	
      Taxable	0.4	
 	0.7	
 	1.1	
 	
      Non-Taxable	(0.3	)	(0.1	)	(0.4	)	
   Held-to-Maturity	 	 	 	
      Taxable	(4.3	)	(2.2	)	(6.5	)	
      Non-Taxable	(0.1	)	—	
 	(0.1	)	
Total Investment Securities	(4.3	)	(1.6	)	(5.9	)	
Loans Held for Sale	0.2	
 	—	
 	0.2	
 	
Loans and Leases	 	 	 	
   Commercial and Industrial	0.1	
 	2.5	
 	2.6	
 	
   Commercial Mortgage	4.1	
 	(0.1	)	4.0	
 	
   Construction	1.8	
 	(0.1	)	1.7	
 	
   Commercial Lease Financing	(0.4	)	(1.0	)	(1.4	)	
   Residential Mortgage	5.6	
 	(1.8	)	3.8	
 	
   Home Equity	4.4	
 	—	
 	4.4	
 	
   Automobile	1.5	
 	(0.1	)	1.4	
 	
   Other 2	1.7	
 	0.5	
 	2.2	
 	
Total Loans and Leases	18.8	
 	(0.1	)	18.7	
 	
Other	(0.2	)	—	
 	(0.2	)	
Total Change in Interest Income	14.7	
 	(1.0	)	13.7	

Change in Interest Expense:	 	 	 	
Interest-Bearing Deposits	 	 	 	
   Demand	—	
 	0.1	
 	0.1	
 	
   Savings	0.1	
 	—	
 	0.1	
 	
   Time	(0.2	)	1.2	
 	1.0	
 	
Total Interest-Bearing Deposits	(0.1	)	1.3	
 	1.2	
 	
Securities Sold Under Agreements to Repurchase	(1.5	)	1.0	
 	(0.5	)	
Other Debt	0.4	
 	0.4	
 	0.8	
 	
Total Change in Interest Expense	(1.2	)	2.7	
 	1.5	

Change in Net Interest Income	$	15.9	
 	$	(3.7	)	$	12.2	

 	 	 	 	
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	 	 	 	 	
Salaries and Benefits	 	 	 	 	 	Table 9	
 	
 	Three Months Ended	 	Six Months Ended	
 	June 30,	March 31,	June 30,	 	June 30,	
(dollars in thousands)	2016	2016	2015	 	2016	2015	
Salaries	$	28,797	
 	$	29,141	
 	$	28,214	
 	 	$	57,938	
 	$	56,128	
 	
Incentive Compensation	5,917	
 	5,965	
 	4,959	
 	 	11,882	
 	9,473	
 	
Share-Based Compensation	2,746	
 	2,310	
 	2,751	
 	 	5,056	
 	5,096	
 	
Commission Expense	2,151	
 	1,357	
 	1,927	
 	 	3,508	
 	3,519	
 	
Retirement and Other Benefits	4,092	
 	4,954	
 	4,117	
 	 	9,046	
 	8,848	
 	
Payroll Taxes	2,288	
 	3,577	
 	2,278	
 	 	5,865	
 	5,863	
 	
Medical, Dental, and Life Insurance	3,872	
 	2,892	
 	2,449	
 	 	6,764	
 	5,633	
 	
Separation Expense	426	
 	318	
 	915	
 	 	744	
 	2,830	
 	
Total Salaries and Benefits	$	50,289	
 	$	50,514	
 	$	47,610	
 	 	$	100,803	
 	$	97,390	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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)	2016	
 	2016	
 	2015	
 	2015	
 	2015	
 	
Commercial	 	 	 	 	 	
 	Commercial and Industrial	$	1,174,879	
 	$	1,180,341	
 	$	1,115,168	
 	$	1,169,817	
 	$	1,173,259	
 	
 	Commercial Mortgage	1,712,271	
 	1,687,199	
 	1,677,147	
 	1,622,119	
 	1,528,685	
 	
 	Construction	226,062	
 	192,909	
 	156,660	
 	129,254	
 	118,714	
 	
 	Lease Financing	192,630	
 	195,804	
 	204,877	
 	202,055	
 	222,113	
 	
Total Commercial	3,305,842	
 	3,256,253	
 	3,153,852	
 	3,123,245	
 	3,042,771	
 	
Consumer	 	 	 	 	 	
 	Residential Mortgage	3,032,981	
 	2,929,388	
 	2,925,605	
 	2,875,605	
 	2,787,847	
 	
 	Home Equity	1,213,154	
 	1,131,796	
 	1,069,400	
 	993,817	
 	931,191	
 	
 	Automobile	417,017	
 	399,825	
 	381,735	
 	367,640	
 	352,128	
 	
 	Other 1	362,475	
 	348,348	
 	348,393	
 	329,465	
 	314,501	
 	
Total Consumer	5,025,627	
 	4,809,357	
 	4,725,133	
 	4,566,527	
 	4,385,667	
 	
Total Loans and Leases	$	8,331,469	
 	$	8,065,610	
 	$	7,878,985	
 	$	7,689,772	
 	$	7,428,438	

 	 	 	 	 	 	 	
Deposits	 	 	 	 	
 	 	June 30,	
 	March 31,	
 	December 31,	
 	September 30,	
 	June 30,	
 	
(dollars in thousands)	2016	
 	2016	
 	2015	
 	2015	
 	2015	
 	
Consumer	$	6,618,164	
 	$	6,568,651	
 	$	6,445,510	
 	$	6,254,862	
 	$	6,221,691	
 	
Commercial	5,697,490	
 	5,678,987	
 	5,502,739	
 	5,397,857	
 	5,524,153	
 	
Public and Other	1,328,153	
 	1,241,254	
 	1,302,854	
 	1,284,243	
 	1,344,851	
 	
Total Deposits	$	13,643,807	
 	$	13,488,892	
 	$	13,251,103	
 	$	12,936,962	
 	$	13,090,695	

 	 	 	 	 	 	 	
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	
 	
 	 	 	June 30,	
 	March 31,	
 	December 31,	
 	September 30,	
 	June 30,	
 	
(dollars in thousands)	2016	
 	2016	
 	2015	
 	2015	
 	2015	
 	
Non-Performing Assets	 	 	 	 	 	
Non-Accrual Loans and Leases	 	 	 	 	 	
 	Commercial	 	 	 	 	 	
 	 	Commercial and Industrial	$	269	
 	$	666	
 	$	5,829	
 	$	8,532	
 	$	8,299	
 	
 	 	Commercial Mortgage	1,194	
 	3,401	
 	3,469	
 	1,058	
 	716	
 	
 	Total Commercial	1,463	
 	4,067	
 	9,298	
 	9,590	
 	9,015	
 	
 	Consumer	 	 	 	 	 	
 	 	Residential Mortgage	9,979	
 	13,719	
 	14,598	
 	14,749	
 	14,918	
 	
 	 	Home Equity	3,110	
 	2,501	
 	4,081	
 	3,814	
 	3,528	
 	
 	Total Consumer	13,089	
 	16,220	
 	18,679	
 	18,563	
 	18,446	
 	
Total Non-Accrual Loans and Leases	14,552	
 	20,287	
 	27,977	
 	28,153	
 	27,461	
 	
Foreclosed Real Estate	1,728	
 	1,728	
 	824	
 	1,392	
 	1,989	
 	
Total Non-Performing Assets	$	16,280	
 	$	22,015	
 	$	28,801	
 	$	29,545	
 	$	29,450	

Accruing Loans and Leases Past Due 90 Days or More	 	 	 	 	
Commercial	 	 	 	 	 	
 	Commercial and Industrial	$	—	
 	$	—	
 	$	—	
 	$	—	
 	$	750	
 	
Total Commercial	—	
 	—	
 	—	
 	—	
 	750	
 	
Consumer	 	 	 	 	 	
 	Residential Mortgage	5,640	
 	4,219	
 	4,453	
 	5,060	
 	4,789	
 	
 	Home Equity	1,128	
 	2,096	
 	1,710	
 	1,396	
 	2,395	
 	
 	Automobile	464	
 	524	
 	315	
 	631	
 	323	
 	
 	Other 1	1,518	
 	1,099	
 	1,096	
 	1,058	
 	1,395	
 	
Total Consumer	8,750	
 	7,938	
 	7,574	
 	8,145	
 	8,902	
 	
Total Accruing Loans and Leases Past Due 90 Days or More	$	8,750	
 	$	7,938	
 	$	7,574	
 	$	8,145	
 	$	9,652	
 	
Restructured Loans on Accrual Status	 	 	 	 	 	
   and Not Past Due 90 Days or More	$	52,173	
 	$	50,707	
 	$	49,430	
 	$	49,506	
 	$	48,339	
 	
Total Loans and Leases	$	8,331,469	
 	$	8,065,610	
 	$	7,878,985	
 	$	7,689,772	
 	$	7,428,438	

Ratio of Non-Accrual Loans and Leases to Total Loans and Leases	0.17	%	0.25	%	0.36	%	0.37	%	0.37	%	
 	 	 	 	 	 	 	 	
Ratio of Non-Performing Assets to Total Loans and Leases	 	 	 	 	 	
 	and Foreclosed Real Estate	0.20	%	0.27	%	0.37	%	0.38	%	0.40	%	
 	 	 	 	 	 	 	 	
Ratio of Commercial Non-Performing Assets to Total Commercial	 	 	 	 	 	
 	Loans and Leases and Commercial Foreclosed Real Estate	0.04	%	0.12	%	0.29	%	0.31	%	0.32	%	
 	 	 	 	 	 	 	 	
Ratio of Consumer Non-Performing Assets to Total Consumer Loans	 	 	 	 	 	
 	and Leases and Consumer Foreclosed Real Estate	0.29	%	0.37	%	0.41	%	0.44	%	0.45	%	
 	 	 	 	 	 	 	 	
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	%	0.37	%	0.46	%	0.49	%	0.53	%	
 	 	 	 	 	 	 	 	
Quarter to Quarter Changes in Non-Performing Assets	 	 	 	 	 	
Balance at Beginning of Quarter	$	22,015	
 	$	28,801	
 	$	29,545	
 	$	29,450	
 	$	28,777	
 	
Additions	1,300	
 	4,002	
 	2,353	
 	4,427	
 	1,909	
 	
Reductions	 	 	 	 	 	
 	Payments	(3,401	)	(6,012	)	(2,473	)	(1,191	)	(1,020	)	
 	Return to Accrual Status	(3,560	)	(4,272	)	(24	)	(1,748	)	—	
 	
 	Sales of Foreclosed Real Estate	—	
 	(248	)	(458	)	(1,300	)	(83	)	
 	Charge-offs/Write-downs	(74	)	(256	)	(142	)	(93	)	(133	)	
Total Reductions	(7,035	)	(10,788	)	(3,097	)	(4,332	)	(1,236	)	
Balance at End of Quarter	$	16,280	
 	$	22,015	
 	$	28,801	
 	$	29,545	
 	$	29,450	

 	 	 	 	 	 	 	 	
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)	2016	2016	2015	 	2016	2015	
Balance at Beginning of Period	$	111,249	
 	$	108,952	
 	$	113,348	
 	 	$	108,952	
 	$	114,575	
 	
Loans and Leases Charged-Off	 	 	 	 	 	 	
 	Commercial	 	 	 	 	 	 	
 	 	Commercial and Industrial	(204	)	(257	)	(255	)	 	(461	)	(490	)	
 	Consumer	 	 	 	 	 	 	
 	 	Residential Mortgage	(79	)	(205	)	(54	)	 	(284	)	(613	)	
 	 	Home Equity	17	
 	(643	)	(211	)	 	(626	)	(427	)	
 	 	Automobile	(1,372	)	(1,560	)	(1,237	)	 	(2,932	)	(2,665	)	
 	 	Other 1	(2,117	)	(2,222	)	(1,739	)	 	(4,339	)	(3,389	)	
Total Loans and Leases Charged-Off	(3,755	)	(4,887	)	(3,496	)	 	(8,642	)	(7,584	)	
Recoveries on Loans and Leases Previously Charged-Off	 	 	 	 	 	 	
 	Commercial	 	 	 	 	 	 	
 	 	Commercial and Industrial	403	
 	6,867	
 	456	
 	 	7,270	
 	1,102	
 	
 	 	Commercial Mortgage	14	
 	14	
 	14	
 	 	28	
 	28	
 	
 	 	Construction	—	
 	23	
 	8	
 	 	23	
 	16	
 	
 	 	Lease Financing	1	
 	1	
 	8	
 	 	2	
 	76	
 	
 	Consumer	 	 	 	 	 	 	
 	 	Residential Mortgage	279	
 	201	
 	96	
 	 	480	
 	438	
 	
 	 	Home Equity	322	
 	513	
 	566	
 	 	835	
 	1,447	
 	
 	 	Automobile	541	
 	592	
 	396	
 	 	1,133	
 	890	
 	
 	 	Other 1	450	
 	473	
 	497	
 	 	923	
 	905	
 	
Total Recoveries on Loans and Leases Previously Charged-Off	2,010	
 	8,684	
 	2,041	
 	 	10,694	
 	4,902	
 	
Net Loans and Leases Recovered (Charged-Off)	(1,745	)	3,797	
 	(1,455	)	 	2,052	
 	(2,682	)	
Provision for Credit Losses	1,000	
 	(2,000	)	—	
 	 	(1,000	)	—	
 	
Provision for Unfunded Commitments	—	
 	500	
 	—	
 	 	500	
 	—	
 	
Balance at End of Period 2	$	110,504	
 	$	111,249	
 	$	111,893	
 	 	$	110,504	
 	$	111,893	

Components	 	 	 	 	 	 	
Allowance for Loan and Lease Losses	$	103,932	
 	$	104,677	
 	$	106,006	
 	 	$	103,932	
 	$	106,006	
 	
Reserve for Unfunded Commitments	6,572	
 	6,572	
 	5,887	
 	 	6,572	
 	5,887	
 	
Total Reserve for Credit Losses	$	110,504	
 	$	111,249	
 	$	111,893	
 	 	$	110,504	
 	$	111,893	

Average Loans and Leases Outstanding	$	8,205,104	
 	$	7,940,097	
 	$	7,300,506	
 	 	$	8,072,600	
 	$	7,177,467	

Ratio of Net Loans and Leases Charged-Off (Recovered) to	 	 	 	 	 	 	
 	Average Loans and Leases Outstanding (annualized)	0.09	%	-0.19	 %	0.08	%	 	-0.05	 %	0.08	%	
Ratio of Allowance for Loan and Lease Losses to Loans and Leases
       Outstanding	1.25	%	1.30	 %	1.43	%	 	1.25	 %	1.43	%	

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, 2016	 	 	 	 	 	
Net Interest Income	$	60,041	
 	$	38,151	
 	$	6,037	
 	$	(679	)	$	103,550	
 	
Provision for Credit Losses	2,006	
 	(258	)	(5	)	(743	)	1,000	
 	
Net Interest Income After Provision for Credit Losses	58,035	
 	38,409	
 	6,042	
 	64	
 	102,550	
 	
Noninterest Income	21,771	
 	6,438	
 	15,946	
 	2,364	
 	46,519	
 	
Noninterest Expense	(50,758	)	(17,762	)	(14,780	)	(2,771	)	(86,071	)	
Income Before Provision for Income Taxes	29,048	
 	27,085	
 	7,208	
 	(343	)	62,998	
 	
Provision for Income Taxes	(10,402	)	(9,608	)	(2,667	)	3,924	
 	(18,753	)	
Net Income	$	18,646	
 	$	17,477	
 	$	4,541	
 	$	3,581	
 	$	44,245	
 	
Total Assets as of June 30, 2016	$	5,076,204	
 	$	3,239,572	
 	$	282,143	
 	$	7,262,982	
 	$	15,860,901	

 	 	 	 	 	 	
Three Months Ended June 30, 2015 1	 	 	 	 	 	
Net Interest Income	$	50,550	
 	$	35,886	
 	$	4,335	
 	$	7,011	
 	$	97,782	
 	
Provision for Credit Losses	1,727	
 	(266	)	(8	)	(1,453	)	—	
 	
Net Interest Income After Provision for Credit Losses	48,823	
 	36,152	
 	4,343	
 	8,464	
 	97,782	
 	
Noninterest Income	20,809	
 	5,892	
 	15,680	
 	3,544	
 	45,925	
 	
Noninterest Expense	(49,158	)	(16,720	)	(14,572	)	(3,124	)	(83,574	)	
Income Before Provision for Income Taxes	20,474	
 	25,324	
 	5,451	
 	8,884	
 	60,133	
 	
Provision for Income Taxes	(7,219	)	(8,958	)	(2,017	)	(785	)	(18,979	)	
Net Income	$	13,255	
 	$	16,366	
 	$	3,434	
 	$	8,099	
 	$	41,154	
 	
Total Assets as of June 30, 2015 1	$	4,404,619	
 	$	2,985,351	
 	$	204,253	
 	$	7,653,820	
 	$	15,248,043	

 	 	 	 	 	 	
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, 2016	 	 	 	 	 	
Net Interest Income	$	118,051	
 	$	76,499	
 	$	12,489	
 	$	(465	)	$	206,574	
 	
Provision for Credit Losses	4,841	
 	(6,884	)	(11	)	1,054	
 	(1,000	)	
Net Interest Income After Provision for Credit Losses	113,210	
 	83,383	
 	12,500	
 	(1,519	)	207,574	
 	
Noninterest Income	42,578	
 	14,038	
 	29,970	
 	16,140	
 	102,726	
 	
Noninterest Expense	(103,499	)	(35,030	)	(30,207	)	(4,721	)	(173,457	)	
Income Before Provision for Income Taxes	52,289	
 	62,391	
 	12,263	
 	9,900	
 	136,843	
 	
Provision for Income Taxes	(18,629	)	(22,264	)	(4,537	)	3,042	
 	(42,388	)	
Net Income	$	33,660	
 	$	40,127	
 	$	7,726	
 	$	12,942	
 	$	94,455	
 	
Total Assets as of June 30, 2016	$	5,076,204	
 	$	3,239,572	
 	$	282,143	
 	$	7,262,982	
 	$	15,860,901	

 	 	 	 	 	 	
Six Months Ended June 30, 2015 1	 	 	 	 	 	
Net Interest Income	$	98,899	
 	$	70,160	
 	$	8,636	
 	$	16,857	
 	$	194,552	
 	
Provision for Credit Losses	3,450	
 	(731	)	(17	)	(2,702	)	—	
 	
Net Interest Income After Provision for Credit Losses	95,449	
 	70,891	
 	8,653	
 	19,559	
 	194,552	
 	
Noninterest Income	39,917	
 	11,544	
 	30,407	
 	16,364	
 	98,232	
 	
Noninterest Expense	(99,498	)	(34,607	)	(29,161	)	(7,223	)	(170,489	)	
Income Before Provision for Income Taxes	35,868	
 	47,828	
 	9,899	
 	28,700	
 	122,295	
 	
Provision for Income Taxes	(12,745	)	(16,824	)	(3,662	)	(5,468	)	(38,699	)	
Net Income	$	23,123	
 	$	31,004	
 	$	6,237	
 	$	23,232	
 	$	83,596	
 	
Total Assets as of June 30, 2015 1	$	4,404,619	
 	$	2,985,351	
 	$	204,253	
 	$	7,653,820	
 	$	15,248,043	

 	 	 	 	 	 	
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)	2016	
 	 	2016	
 	 	2015	
 	 	2015	
 	 	2015	
 	 	
Quarterly Operating Results	 	 	 	 	 	 	 	 	 	 	
Interest Income	 	 	 	 	 	 	 	 	 	 	
   Interest and Fees on Loans and Leases	$	82,323	
 	 	$	80,895	
 	 	$	78,122	
 	 	$	75,874	
 	 	$	73,565	
 	 	
   Income on Investment Securities	 	 	 	 	 	 	 	 	 	 	
      Available-for-Sale	10,521	
 	 	10,814	
 	 	10,829	
 	 	10,192	
 	 	10,273	
 	 	
      Held-to-Maturity	20,168	
 	 	20,391	
 	 	21,722	
 	 	20,689	
 	 	22,832	
 	 	
   Deposits	2	
 	 	4	
 	 	1	
 	 	2	
 	 	2	
 	 	
   Funds Sold	618	
 	 	753	
 	 	315	
 	 	291	
 	 	268	
 	 	
   Other	153	
 	 	212	
 	 	381	
 	 	312	
 	 	310	
 	 	
Total Interest Income	113,785	
 	 	113,069	
 	 	111,370	
 	 	107,360	
 	 	107,250	
 	 	
Interest Expense	 	 	 	 	 	 	 	 	 	 	
   Deposits	3,081	
 	 	2,886	
 	 	2,443	
 	 	2,410	
 	 	2,405	
 	 	
   Securities Sold Under Agreements to Repurchase	6,134	
 	 	6,153	
 	 	6,246	
 	 	6,307	
 	 	6,440	
 	 	
   Funds Purchased	3	
 	 	3	
 	 	3	
 	 	3	
 	 	3	
 	 	
   Other Debt	1,017	
 	 	1,003	
 	 	1,034	
 	 	749	
 	 	620	
 	 	
Total Interest Expense	10,235	
 	 	10,045	
 	 	9,726	
 	 	9,469	
 	 	9,468	
 	 	
Net Interest Income	103,550	
 	 	103,024	
 	 	101,644	
 	 	97,891	
 	 	97,782	
 	 	
Provision for Credit Losses	1,000	
 	 	(2,000	)	 	1,000	
 	 	—	
 	 	—	
 	 	
Net Interest Income After Provision for Credit Losses	102,550	
 	 	105,024	
 	 	100,644	
 	 	97,891	
 	 	97,782	
 	 	
Noninterest Income	 	 	 	 	 	 	 	 	 	 	
   Trust and Asset Management	12,707	
 	 	11,256	
 	 	11,243	
 	 	11,907	
 	 	12,355	
 	 	
   Mortgage Banking	4,088	
 	 	3,189	
 	 	3,130	
 	 	3,291	
 	 	3,469	
 	 	
   Service Charges on Deposit Accounts	8,150	
 	 	8,443	
 	 	8,663	
 	 	8,669	
 	 	8,203	
 	 	
   Fees, Exchange, and Other Service Charges	13,978	
 	 	13,444	
 	 	13,764	
 	 	13,340	
 	 	13,352	
 	 	
   Investment Securities Gains (Losses), Net	(312	)	 	11,180	
 	 	(181	)	 	24	
 	 	86	
 	 	
   Annuity and Insurance	2,006	
 	 	1,901	
 	 	2,014	
 	 	1,721	
 	 	1,885	
 	 	
   Bank-Owned Life Insurance	1,551	
 	 	1,548	
 	 	1,608	
 	 	1,609	
 	 	2,088	
 	 	
   Other	4,351	
 	 	5,246	
 	 	4,525	
 	 	2,660	
 	 	4,487	
 	 	
Total Noninterest Income	46,519	
 	 	56,207	
 	 	44,766	
 	 	43,221	
 	 	45,925	
 	 	
Noninterest Expense	 	 	 	 	 	 	 	 	 	 	
   Salaries and Benefits	50,289	
 	 	50,514	
 	 	47,997	
 	 	46,576	
 	 	47,610	
 	 	
   Net Occupancy	7,158	
 	 	7,003	
 	 	4,876	
 	 	7,403	
 	 	8,605	
 	 	
   Net Equipment	5,065	
 	 	5,409	
 	 	5,244	
 	 	4,804	
 	 	4,826	
 	 	
   Data Processing	3,972	
 	 	3,951	
 	 	5,106	
 	 	3,920	
 	 	3,673	
 	 	
   Professional Fees	2,047	
 	 	2,639	
 	 	2,803	
 	 	2,258	
 	 	2,265	
 	 	
   FDIC Insurance	2,144	
 	 	2,352	
 	 	2,322	
 	 	2,139	
 	 	2,068	
 	 	
   Other	15,396	
 	 	15,518	
 	 	17,379	
 	 	24,788	
 	 	14,527	
 	 	
Total Noninterest Expense	86,071	
 	 	87,386	
 	 	85,727	
 	 	91,888	
 	 	83,574	
 	 	
Income Before Provision for Income Taxes	62,998	
 	 	73,845	
 	 	59,683	
 	 	49,224	
 	 	60,133	
 	 	
Provision for Income Taxes	18,753	
 	 	23,635	
 	 	16,851	
 	 	14,948	
 	 	18,979	
 	 	
Net Income	$	44,245	
 	 	$	50,210	
 	 	$	42,832	
 	 	$	34,276	
 	 	$	41,154	

Basic Earnings Per Share	$	1.04	
 	 	$	1.17	
 	 	$	1.00	
 	 	$	0.79	
 	 	$	0.95	
 	 	
Diluted Earnings Per Share	$	1.03	
 	 	$	1.16	
 	 	$	0.99	
 	 	$	0.79	
 	 	$	0.95	

Balance Sheet Totals	 	 	 	 	 	 	 	 	 	 	
Loans and Leases	$	8,331,469	
 	 	$	8,065,610	
 	 	$	7,878,985	
 	 	$	7,689,772	
 	 	$	7,428,438	
 	 	
Total Assets	15,860,901	
 	 	15,654,695	
 	 	15,455,016	
 	 	15,164,123	
 	 	15,248,043	
 	 	
Total Deposits	13,643,807	
 	 	13,488,892	
 	 	13,251,103	
 	 	12,936,962	
 	 	13,090,695	
 	 	
Total Shareholders' Equity	1,157,219	
 	 	1,138,753	
 	 	1,116,260	
 	 	1,098,354	
 	 	1,082,939	

Performance Ratios	 	 	 	 	 	 	 	 	 	 	
Return on Average Assets	1.14	
 	%	1.30	
 	%	1.11	
 	%	0.89	
 	%	1.10	
 	%	
Return on Average Shareholders' Equity	15.56	
 	 	17.88	
 	 	15.41	
 	 	12.45	
 	 	15.33	
 	 	
Efficiency Ratio 1	57.35	
 	 	54.88	
 	 	58.55	
 	 	65.12	
 	 	58.16	
 	 	
Net Interest Margin 2	2.85	
 	 	2.86	
 	 	2.85	
 	 	2.77	
 	 	2.81	

 	 	 	 	 	 	 	 	 	 	 	
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, 2016	 	 	December 31, 2015	December 31, 2014	
Hawaii Economic Trends	 	 	 	 	 	 	 	 	 	 	 	 	
   State General Fund Revenues 1	$	2,601.0	
 	4.4	
 	%	 	$	5,998.6	
 	 	8.4	
 	%	$	5,535.7	
 	 	1.6	
 	%	
   General Excise and Use Tax Revenue 1	$	1,351.1	
 	3.3	
 	%	 	$	3,141.5	
 	 	5.4	
 	%	$	2,979.8	
 	 	2.5	
 	%	
   Jobs 2	665.8	
 	 	 	 	658.8	
 	 	 	 	643.7	

 	 	 	 	 	 	 	June 30,	 	December 31,	
(spot rates)	 	 	 	 	 	 	2016	 	2015	2014	 	
Unemployment 3	 	 	 	 	 	 	 	 	 	 	 	 	
  Statewide, seasonally adjusted	 	 	 	 	 	 	3.3	
 	%	3.2	
 	%	4.0	
 	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	
   Oahu	 	 	 	 	 	 	3.6	
 	 	2.7	
 	 	3.5	
 	 	
   Island of Hawaii	 	 	 	 	 	 	5.0	
 	 	3.7	
 	 	4.7	
 	 	
   Maui	 	 	 	 	 	 	3.9	
 	 	3.1	
 	 	3.8	
 	 	
   Kauai	 	 	 	 	 	 	4.0	
 	 	3.5	
 	 	4.3	

 	 	 	 	 	June 30,	 	December 31,	
(percentage change, except months of inventory)	 	 	 	2016	 	2015	 	2014	2013	 	
Housing Trends (Single Family Oahu) 4	 	 	 	 	 	 	 	 	 	 	 	 	
   Median Home Price	 	 	 	 	6.1	
 	%	3.7	
 	%	3.8	
 	%	4.8	
 	%	
   Home Sales Volume (units)	 	 	 	 	7.8	
 	%	5.2	
 	%	(0.8	)	%	4.6	
 	%	
   Months of Inventory	 	 	 	 	3.0	
 	 	2.6	
 	 	2.6	
 	 	2.7	

 	 	 	 	 	Monthly Visitor Arrivals,	 	Percentage Change	
(in thousands)	 	 	 	 	Not Seasonally Adjusted	 	from Previous Year	
Tourism 5	 	 	 	 	 	 	 	 	 	 	 	 	
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	 	 	 	 	 	 	661.4	
 	 	 	 	3.7	
 	 	
October 31, 2015	 	 	 	 	 	 	692.9	
 	 	 	 	4.8	
 	 	
September 30, 2015	 	 	 	 	 	 	652.6	
 	 	 	 	4.7	
 	 	
August 31, 2015	 	 	 	 	 	 	755.9	
 	 	 	 	2.9	
 	 	
July 31, 2015	 	 	 	 	 	 	816.3	
 	 	 	 	5.6	
 	 	
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.