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 27, 2015	 	
 
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 27, 2015, Bank of Hawaii Corporation announced its results of operations for the quarter ended June 30, 2015.  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 27, 2015 Press Release: Bank of Hawaii Corporation Second Quarter 2015 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 27, 2015	Bank of Hawaii Corporation	

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

 	

 	 	

Bank of Hawaii Corporation Second Quarter 2015 Financial Results
 	 	
•	Diluted Earnings Per Share $0.95	
 	 	
•	Net Income $41.2 Million	
 	 	
•	Board of Directors Declares Dividend of $0.45 Per Share	

FOR IMMEDIATE RELEASE

HONOLULU, HI (July 27, 2015) -- Bank of Hawaii Corporation (NYSE: BOH) today reported diluted earnings per share of $0.95 for the second quarter of 2015, down from diluted earnings per share of $0.97 in the previous quarter and up from diluted earnings per share of $0.94 in the same quarter last year. Net income for the second quarter of 2015 was $41.2 million compared with net income of $42.4 million in the first quarter of 2015 and net income of $41.5 million in the second quarter of 2014. There were no sales of Visa Class B shares during the second quarter of 2015.

Loan and lease balances increased to $7.4 billion at June 30, 2015, up 3.5 percent from March 31, 2015 and up 15.6 percent compared with June 30, 2014. During the quarter the Company resumed sales of mortgages and sold $64.4 million in loans, increasing noninterest income $1.2 million. Deposits remained strong during the quarter, as balances increased to $13.1 billion at June 30, 2015 compared with $13.0 billion at March 31, 2015 and $12.7 billion at June 30, 2014.

“Bank of Hawaii Corporation continued to perform well during the second quarter of 2015,” said Peter Ho, Chairman, President, and CEO.  “Loan balances continued to grow, our margin was stable at 2.81 percent, asset quality remains strong, and expenses were well controlled.”
 
The return on average assets for the second quarter of 2015 was 1.10 percent, down from 1.15 percent in the previous quarter and 1.17 percent in the same quarter last year. The return on average equity for the second quarter of 2015 was 15.33 percent, down from 16.18 percent for the first quarter of 2015 and 15.87 percent in the second quarter of 2014. The efficiency ratio for the second quarter of 2015 was 58.16 percent, an improvement from 58.30 percent in the previous quarter and 58.38 percent in the same quarter last year.

 
- more -

Bank of Hawaii Corporation Second Quarter 2015 Financial Results     Page 2

For the six-month period ended June 30, 2015, net income was $83.6 million, an increase from net income of $80.1 million during the same period last year. Diluted earnings per share were $1.92 for the first half of 2015, up from diluted earnings per share of $1.81 for the first half of 2014. The year-to-date return on average assets for the six-month period ended June 30, 2015 was 1.12 percent compared with 1.14 percent for the same six months in 2014. The year-to-date return on average equity was 15.75 percent, up from 15.51 percent for the six months ended June 30, 2014. The efficiency ratio for the first half of 2015 improved to 58.23 percent compared with 59.46 percent in the same period last year.     

Financial Highlights

Net interest income, on a taxable equivalent basis, for the second quarter of 2015 was $100.8 million, up $1.2 million from net interest income of $99.6 million in the first quarter of 2015 and up $3.5 million from net interest income of $97.3 million in the second quarter of 2014. Net interest income for the first half of 2015 was $200.4 million, an increase of $7.1 million compared with $193.3 million for the first half of 2014. Analyses of the changes in net interest income are included in Tables 8a, 8b, and 8c.

The net interest margin was 2.81 percent for the second quarter of 2015, unchanged from the previous quarter and a 5 basis point decrease from the net interest margin of 2.86 percent in the second quarter of 2014. The net interest margin for the first six months of 2015 was 2.81 percent compared with 2.87 percent for the same six-month period last year.

The Company did not record a provision for credit losses during the first half of 2015. A negative provision for credit losses of $2.2 million was recorded during the second quarter of 2014 due to strong credit recoveries and improving asset quality.

Noninterest income was $45.9 million in the second quarter of 2015, a decrease of $6.4 million compared with noninterest income of $52.3 million in the first quarter of 2015, and an increase of $1.4 million compared with noninterest income of $44.5 million in the second quarter of 2014. Mortgage banking income increased to $3.5 million in the second quarter of 2015 compared with $1.7 million in the previous quarter and $1.8 million in the same quarter last year. Noninterest income in the first quarter of 2015 included a net gain of $10.1 million resulting from the sale of 95,000 Visa Class B shares. 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. Noninterest income for the first half of 2015 was $98.2 million, an increase of $9.0 million compared with $89.2 million for the first half of 2014. The increase was primarily due to the timing of the Visa Class B shares sales.

Noninterest expense was $83.6 million in the second quarter of 2015, down $3.3 million compared with noninterest expense of $86.9 million in the first quarter of 2015, and up $2.5 million compared with noninterest expense of $81.1 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. Noninterest expense in the second quarter of 2015 included separation expense of $0.9 million compared with $1.9 million in the previous quarter and $87 thousand in the same quarter last year. An analysis of noninterest expenses related to salaries and benefits is included in Table 9. Noninterest expense for the first half of 2015 was $170.5 million, an increase of $5.9 million compared with $164.6 million for the first half of 2014.

    

- more -

Bank of Hawaii Corporation Second Quarter 2015 Financial Results     Page 3

The effective tax rate for the second quarter of 2015 was 31.56 percent compared with 31.72 percent in the previous quarter and 30.86 percent in the same quarter last year. The effective tax rate for the first half of 2015 was 31.64 percent compared with 30.04 percent during the same period last year. The lower effective tax rate in 2014 was primarily due to the release of reserves 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 asset quality remained strong during the second quarter of 2015. Total non-performing assets were $29.5 million at June 30, 2015, up $0.7 million from non-performing assets of $28.8 million at March 31, 2015 and down $4.9 million from non-performing assets of $34.4 million at June 30, 2014. As a percentage of total loans and leases, including foreclosed real estate, non-performing assets were 0.40 percent at the end of the second quarter of 2015, unchanged from the first quarter of 2015, and down from 0.53 percent at the end of the second quarter last year.
Accruing loans and leases past due 90 days or more were $9.7 million at June 30, 2015, up from $8.0 million at March 31, 2015 and down slightly from June 30, 2014. Restructured loans not included in non-accrual loans or accruing loans past due 90 days or more were $48.3 million at June 30, 2015 compared with $43.6 million at June 30, 2014. 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 2015 were $1.5 million or 0.08 percent annualized of total average loans and leases outstanding. Loan and lease charge-offs of $3.5 million were partially offset by recoveries of $2.0 million. Net loan and lease charge-offs during the first quarter of 2015 were $1.2 million or 0.07 percent annualized of total average loans and leases outstanding and were comprised of $4.1 million in charge-offs partially offset by recoveries of $2.9 million. Net recoveries in the second quarter of 2014 were $1.9 million and comprised of $4.0 million in charge-offs and recoveries of $5.9 million. Net charge-offs in the first half of 2015 were $2.7 million or 0.08 percent annualized of total average loans and leases outstanding compared with net recoveries of $0.6 million in the first half of 2014.

The allowance for loan and lease losses was reduced to $106.0 million at June 30, 2015. The ratio of the allowance for loan and lease losses to total loans and leases was 1.43 percent at June 30, 2015, 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, 2015 was 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.

Other Financial Highlights

Total assets were $15.25 billion at June 30, 2015, up from total assets of $15.14 billion at March 31, 2015 and $14.84 billion at June 30, 2014. Average total assets increased to $15.04 billion during the second quarter of 2015, up from $14.95 billion during the previous quarter and $14.25 billion during the same quarter last year.

- more -

Bank of Hawaii Corporation Second Quarter 2015 Financial Results     Page 4

The investment securities portfolio was $6.47 billion at June 30, 2015, down from $6.58 billion at March 31, 2015 and $6.91 billion at June 30, 2014. The portfolio remains largely comprised of securities issued by U. S. government agencies and included $4.20 billion in securities held to maturity and $2.28 billion in securities available for sale at June 30, 2015. 

Total loans and leases were $7.43 billion at June 30, 2015, up from total loans and leases of $7.18 billion at March 31, 2015 and total loans and leases of $6.43 billion at June 30, 2014. Year-to-date total loan growth in 2015 was 7.7 percent compared with growth of 5.4 percent during the same period last year. Average total loans and leases were $7.30 billion during the second quarter of 2015, up from $7.05 billion during the first quarter of 2015, and up from $6.27 billion during the same quarter last year.

The commercial loan portfolio was $3.04 billion at the end of the second quarter of 2015, an increase of 3.0 percent from commercial loans of $2.96 billion at the end of the first quarter of 2015, and up 13.0 percent from commercial loans of $2.69 billion at the end of the same quarter last year. The consumer loan portfolio was $4.39 billion at the end of the second quarter of 2015, an increase of 3.8 percent from consumer loans of $4.22 billion at the end of the first quarter of 2015 and up 17.5 percent from $3.73 billion at the end of the same quarter last year. Loan and lease portfolio balances are summarized in Table 10.

Total deposits increased to $13.09 billion at June 30, 2015 compared with total deposits of $12.98 billion at March 31, 2015 and total deposits of $12.67 billion at June 30, 2014. Average total deposits were $12.86 billion during the second quarter of 2015, up from $12.79 billion during the previous quarter and $12.03 billion during the same quarter last year.

Consumer deposits were $6.22 billion at June 30, 2015, up slightly from March 31, 2015 and up 4.8 percent compared with June 30, 2014. Commercial deposits were $5.52 billion at June 30, 2015, up 1.5 percent from March 31, 2015 and up 6.1 percent compared with June 30, 2014. Other deposits, including public funds, were $1.34 billion at June 30, 2015, an increase of 2.3 percent from March 31, 2015 and down 11.8 percent compared with June 30, 2014. The decrease in other deposits compared with the end of the second quarter of 2014 was due to short-term public funds. Deposit balances are summarized in Tables 7 and 10.

During the second quarter of 2015, the Company repurchased 183.7 thousand shares of common stock at a total cost of $11.5 million under its share repurchase program. The average cost was $62.46 per share repurchased. From the beginning of the share repurchase program initiated during July of 2001 through June 30, 2015, the Company has repurchased 52.4 million shares and returned over $1.9 billion to shareholders at an average cost of $37.12 per share. From July 1 through July 24, 2015, the Company repurchased an additional 42.5 thousand shares of common stock at an average cost of $66.93 per share. Remaining buyback authority under the share repurchase program was $48.6 million at July 24, 2015.

Total shareholders’ equity was $1.08 billion at June 30, 2015, up slightly from March 31, 2015 and up from $1.05 billion at June 30, 2014. At June 30, 2015, the Tier 1 Capital Ratio was 14.47 percent compared with 14.62 percent at March 31, 2015 and 15.66 percent at June 30, 2014. The Tier 1 leverage ratio at June 30, 2015 was 7.21 percent compared with 7.17 percent at March 31, 2015 and 7.20 percent at June 30, 2014. Capital ratios are calculated under Basel III rules, which became effective January 1, 2015.

- more -

Bank of Hawaii Corporation Second Quarter 2015 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, 2015 to shareholders of record at the close of business on August 31, 2015.

Hawaii Economy

Economic conditions in Hawaii continue to remain positive due to an active construction industry, stable tourism, low unemployment, and a strong real estate market.  For the first five months of 2015, total visitor spending increased 2.0 percent and total arrivals increased 4.1 percent compared to the same period in 2014. The statewide seasonally-adjusted unemployment rate was at 4.0 percent in June 2015 compared to 5.3 percent nationally. For the first six months of 2015, the volume of single-family home sales on Oahu increased 3.4 percent compared with the same period in 2014. The volume of condominium sales on Oahu increased 3.3 percent compared with the same period in 2014. During the first half of 2015 the median price of single-family home sales on Oahu was 2.3 percent higher and the median price of a condominium was 2.4 percent higher compared with 2014. As of June 30, 2015, months of inventory of single-family homes and condominiums on Oahu remained low at approximately 3.2 months and 3.5 months, respectively. More information on current Hawaii economic trends is presented in Table 15.

Conference Call Information

The Company will review its second quarter 2015 financial results today at 2:00 p.m. Eastern Time (8:00 a.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 27, 2015 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 40183653# 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, 2014, 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)	2015	 	2015	 	2014	 	2015	 	2014	 	
For the Period:	 	 	 	 	 	 	 	 	 	 	
Operating Results	 	 	 	 	 	 	 	 	 	 	
Net Interest Income	$	97,782	
 	 	$	96,770	
 	 	$	94,412	
 	 	$	194,552	
 	 	$	187,645	
 	 	
Provision for Credit Losses	—	
 	 	—	
 	 	(2,199	)	 	—	
 	 	(2,199	)	 	
Total Noninterest Income	45,925	
 	 	52,307	
 	 	44,481	
 	 	98,232	
 	 	89,249	
 	 	
Total Noninterest Expense	83,574	
 	 	86,915	
 	 	81,082	
 	 	170,489	
 	 	164,629	
 	 	
Net Income	41,154	
 	 	42,442	
 	 	41,490	
 	 	83,596	
 	 	80,082	
 	 	
Basic Earnings Per Share	0.95	
 	 	0.98	
 	 	0.94	
 	 	1.93	
 	 	1.81	
 	 	
Diluted Earnings Per Share	0.95	
 	 	0.97	
 	 	0.94	
 	 	1.92	
 	 	1.81	
 	 	
Dividends Declared Per Share	0.45	
 	 	0.45	
 	 	0.45	
 	 	0.90	
 	 	0.90	

Performance Ratios	 	 	 	 	 	 	 	 	 	 	
Return on Average Assets	1.10	
 	%	1.15	
 	%	1.17	
 	%	1.12	
 	%	1.14	
 	%	
Return on Average Shareholders' Equity	15.33	
 	 	16.18	
 	 	15.87	
 	 	15.75	
 	 	15.51	
 	 	
Efficiency Ratio 1	58.16	
 	 	58.30	
 	 	58.38	
 	 	58.23	
 	 	59.46	
 	 	
Net Interest Margin 2	2.81	
 	 	2.81	
 	 	2.86	
 	 	2.81	
 	 	2.87	
 	 	
Dividend Payout Ratio 3	47.37	
 	 	45.92	
 	 	47.87	
 	 	46.63	
 	 	49.72	
 	 	
Average Shareholders' Equity to Average Assets	7.16	
 	 	7.12	
 	 	7.36	
 	 	7.14	
 	 	7.36	

Average Balances	 	 	 	 	 	 	 	 	 	 	
Average Loans and Leases	$	7,300,506	
 	 	$	7,053,061	
 	 	$	6,274,595	
 	 	$	7,177,467	
 	 	$	6,189,789	
 	 	
Average Assets	15,038,500	
 	 	14,946,037	
 	 	14,253,384	
 	 	14,992,524	
 	 	14,144,273	
 	 	
Average Deposits	12,863,274	
 	 	12,786,449	
 	 	12,030,010	
 	 	12,825,074	
 	 	11,922,874	
 	 	
Average Shareholders' Equity	1,076,467	
 	 	1,064,112	
 	 	1,048,429	
 	 	1,070,324	
 	 	1,040,962	

Per Share of Common Stock	 	 	 	 	 	 	 	 	 	 	
Book Value	$	24.88	
 	 	$	24.63	
 	 	$	23.72	
 	 	$	24.88	
 	 	$	23.72	
 	 	
Tangible Book Value	24.15	
 	 	23.91	
 	 	23.01	
 	 	24.15	
 	 	23.01	
 	 	
Market Value	 	 	 	 	 	 	 	 	 	 	
   Closing	66.68	
 	 	61.21	
 	 	58.69	
 	 	66.68	
 	 	58.69	
 	 	
   High	68.10	
 	 	62.58	
 	 	61.73	
 	 	68.10	
 	 	61.73	
 	 	
   Low	58.70	
 	 	53.90	
 	 	53.45	
 	 	53.90	
 	 	53.45	

 	 	 	June 30,	
 	 	March 31,	
 	 	December 31,	
 	 	June 30,	
 	 	
 	 	 	2015	
 	 	2015	
 	 	2014	
 	 	2014	
 	 	
As of Period End:	 	 	 	 	 	 	 	 	 	 	
Balance Sheet Totals	 	 	 	 	 	 	 	 	 	 	
Loans and Leases	 	 	$	7,428,438	
 	 	$	7,178,628	
 	 	$	6,897,589	
 	 	$	6,426,353	
 	 	
Total Assets	 	 	15,248,043	
 	 	15,139,179	
 	 	14,787,208	
 	 	14,844,505	
 	 	
Total Deposits	 	 	13,090,695	
 	 	12,979,616	
 	 	12,633,089	
 	 	12,670,034	
 	 	
Other Debt	 	 	170,816	
 	 	173,898	
 	 	173,912	
 	 	173,671	
 	 	
Total Shareholders' Equity	 	 	1,082,939	
 	 	1,075,251	
 	 	1,055,086	
 	 	1,050,801	

Asset Quality	 	 	 	 	 	 	 	 	 	 	
Non-Performing Assets	 	 	$	29,450	
 	 	$	28,777	
 	 	$	30,082	
 	 	$	34,389	
 	 	
Allowance for Loans and Leases	 	 	106,006	
 	 	107,461	
 	 	108,688	
 	 	113,838	
 	 	
Allowance to Loans and Leases Outstanding	 	 	1.43	
 	%	1.50	
 	%	1.58	
 	%	1.77	
 	%	
 	 	 	 	 	 	 	 	 	 	 	
Capital Ratios	 	 	 	 	 	 	 	 	 	 	
Common Equity Tier 1 Capital Ratio 4	 	 	14.47	
 	%	14.62	
 	%	 n/a	
 	 	 n/a	
 	 	
Tier 1 Capital Ratio 4	 	 	14.47	
 	 	14.62	
 	 	14.69	
 	%	15.66	
 	%	
Total Capital Ratio 4	 	 	15.72	
 	 	15.87	
 	 	15.94	
 	 	16.91	
 	 	
Tier 1 Leverage Ratio 4	 	 	7.21	
 	 	7.17	
 	 	7.13	
 	 	7.20	
 	 	
Total Shareholders' Equity to Total Assets	 	 	7.10	
 	 	7.10	
 	 	7.14	
 	 	7.08	
 	 	
Tangible Common Equity to Tangible Assets 5	 	 	6.91	
 	 	6.91	
 	 	6.94	
 	 	6.88	
 	 	
Tangible Common Equity to Risk-Weighted Assets 4, 5	 	 	14.03	
 	 	14.27	
 	 	14.46	
 	 	15.54	

Non-Financial Data	 	 	 	 	 	 	 	 	 	 	
Full-Time Equivalent Employees	 	 	2,166	
 	 	2,156	
 	 	2,161	
 	 	2,194	
 	 	
Branches	 	 	71	
 	 	74	
 	 	74	
 	 	74	
 	 	
ATMs	 	 	455	
 	 	456	
 	 	459	
 	 	457	

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  Capital ratios as of June 30, 2015 and March 31, 2015 calculated under Basel III rules, which became effective January 1, 2015.	 	 	 	 	
5  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)	2015	
 	 	2015	
 	 	2014	
 	 	2014	
 	
Total Shareholders' Equity	$	1,082,939	
 	 	$	1,075,251	
 	 	$	1,055,086	
 	 	$	1,050,801	
 	
Less:	Goodwill	31,517	
 	 	31,517	
 	 	31,517	
 	 	31,517	
 	
Tangible Common Equity	$	1,051,422	
 	 	$	1,043,734	
 	 	$	1,023,569	
 	 	$	1,019,284	

Total Assets	$	15,248,043	
 	 	$	15,139,179	
 	 	$	14,787,208	
 	 	$	14,844,505	
 	
Less:	Goodwill	31,517	
 	 	31,517	
 	 	31,517	
 	 	31,517	
 	
Tangible Assets	$	15,216,526	
 	 	$	15,107,662	
 	 	$	14,755,691	
 	 	$	14,812,988	

Risk-Weighted Assets, determined in accordance	 	 	 	 	 	 	 	
 	with prescribed regulatory requirements 1	$	7,495,744	
 	 	$	7,313,682	
 	 	$	7,077,035	
 	 	$	6,559,897	

Total Shareholders' Equity to Total Assets	7.10	%	 	7.10	%	 	7.14	%	 	7.08	%	
Tangible Common Equity to Tangible Assets (Non-GAAP)	6.91	%	 	6.91	%	 	6.94	%	 	6.88	%	
 	 	 	 	 	 	 	 	 	
Tier 1 Capital Ratio 1	14.47	%	 	14.62	%	 	14.69	%	 	15.66	%	
Tangible Common Equity to Risk-Weighted Assets (Non-GAAP)  1	14.03	%	 	14.27	%	 	14.46	%	 	15.54	%	

1  Risk-weighted assets and capital ratios as of June 30, 2015 and March 31, 2015 calculated under Basel III rules, which became effective January 1, 2015.	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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)	2015	2015	2014	 	2015	2014	
Interest Income	 	 	 	 	 	 	
   Interest and Fees on Loans and Leases	$	73,565	
 	$	70,961	
 	$	65,818	
 	 	$	144,526	
 	$	129,344	
 	
   Income on Investment Securities	 	 	 	 	 	 	
      Available-for-Sale	10,273	
 	10,198	
 	10,697	
 	 	20,471	
 	21,457	
 	
      Held-to-Maturity	22,832	
 	24,407	
 	26,938	
 	 	47,239	
 	54,827	
 	
   Deposits	2	
 	3	
 	1	
 	 	5	
 	4	
 	
   Funds Sold	268	
 	259	
 	168	
 	 	527	
 	305	
 	
   Other	310	
 	302	
 	302	
 	 	612	
 	604	
 	
Total Interest Income	107,250	
 	106,130	
 	103,924	
 	 	213,380	
 	206,541	
 	
Interest Expense	 	 	 	 	 	 	
   Deposits	2,405	
 	2,368	
 	2,393	
 	 	4,773	
 	4,751	
 	
   Securities Sold Under Agreements to Repurchase	6,440	
 	6,371	
 	6,465	
 	 	12,811	
 	12,862	
 	
   Funds Purchased	3	
 	3	
 	4	
 	 	6	
 	7	
 	
   Other Debt	620	
 	618	
 	650	
 	 	1,238	
 	1,276	
 	
Total Interest Expense	9,468	
 	9,360	
 	9,512	
 	 	18,828	
 	18,896	
 	
Net Interest Income	97,782	
 	96,770	
 	94,412	
 	 	194,552	
 	187,645	
 	
Provision for Credit Losses	—	
 	—	
 	(2,199	)	 	—	
 	(2,199	)	
Net Interest Income After Provision for Credit Losses	97,782	
 	96,770	
 	96,611	
 	 	194,552	
 	189,844	
 	
Noninterest Income	 	 	 	 	 	 	
   Trust and Asset Management	12,355	
 	12,180	
 	12,005	
 	 	24,535	
 	23,857	
 	
   Mortgage Banking	3,469	
 	1,693	
 	1,804	
 	 	5,162	
 	3,809	
 	
   Service Charges on Deposit Accounts	8,203	
 	8,537	
 	8,638	
 	 	16,740	
 	17,516	
 	
   Fees, Exchange, and Other Service Charges	13,352	
 	12,897	
 	13,370	
 	 	26,249	
 	26,309	
 	
   Investment Securities Gains, Net	86	
 	10,231	
 	2,079	
 	 	10,317	
 	4,239	
 	
   Annuity and Insurance	1,885	
 	2,044	
 	1,930	
 	 	3,929	
 	4,053	
 	
   Bank-Owned Life Insurance	2,088	
 	1,734	
 	1,519	
 	 	3,822	
 	3,121	
 	
   Other	4,487	
 	2,991	
 	3,136	
 	 	7,478	
 	6,345	
 	
Total Noninterest Income	45,925	
 	52,307	
 	44,481	
 	 	98,232	
 	89,249	
 	
Noninterest Expense	 	 	 	 	 	 	
   Salaries and Benefits	47,610	
 	49,780	
 	45,081	
 	 	97,390	
 	91,978	
 	
   Net Occupancy	8,605	
 	9,333	
 	9,254	
 	 	17,938	
 	18,671	
 	
   Net Equipment	4,826	
 	5,288	
 	4,669	
 	 	10,114	
 	9,272	
 	
   Data Processing	3,673	
 	3,773	
 	3,842	
 	 	7,446	
 	7,491	
 	
   Professional Fees	2,265	
 	2,334	
 	2,613	
 	 	4,599	
 	4,873	
 	
   FDIC Insurance	2,068	
 	2,140	
 	2,055	
 	 	4,208	
 	4,131	
 	
   Other	14,527	
 	14,267	
 	13,568	
 	 	28,794	
 	28,213	
 	
Total Noninterest Expense	83,574	
 	86,915	
 	81,082	
 	 	170,489	
 	164,629	
 	
Income Before Provision for Income Taxes	60,133	
 	62,162	
 	60,010	
 	 	122,295	
 	114,464	
 	
Provision for Income Taxes	18,979	
 	19,720	
 	18,520	
 	 	38,699	
 	34,382	
 	
Net Income	$	41,154	
 	$	42,442	
 	$	41,490	
 	 	$	83,596	
 	$	80,082	
 	
Basic Earnings Per Share	$	0.95	
 	$	0.98	
 	$	0.94	
 	 	$	1.93	
 	$	1.81	
 	
Diluted Earnings Per Share	$	0.95	
 	$	0.97	
 	$	0.94	
 	 	$	1.92	
 	$	1.81	
 	
Dividends Declared Per Share	$	0.45	
 	$	0.45	
 	$	0.45	
 	 	$	0.90	
 	$	0.90	
 	
Basic Weighted Average Shares	43,305,813	
 	43,386,402	
 	44,053,899	
 	 	43,345,667	
 	44,123,030	
 	
Diluted Weighted Average Shares	43,518,349	
 	43,597,504	
 	44,246,431	
 	 	43,558,664	
 	44,332,838	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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)	2015	2015	2014	 	2015	2014	
Net Income	$	41,154	
 	$	42,442	
 	$	41,490	
 	 	$	83,596	
 	$	80,082	
 	
Other Comprehensive Income (Loss), Net of Tax:	 	 	 	 	 	 	
 	Net Unrealized Gains (Losses) on Investment Securities	(7,610	)	5,294	
 	8,617	
 	 	(2,316	)	14,888	
 	
 	Defined Benefit Plans	220	
 	220	
 	156	
 	 	440	
 	312	
 	
Total Other Comprehensive Income (Loss)	(7,390	)	5,514	
 	8,773	
 	 	(1,876	)	15,200	
 	
Comprehensive Income	$	33,764	
 	$	47,956	
 	$	50,263	
 	 	$	81,720	
 	$	95,282	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	
Consolidated Statements of Condition	 	 	 	Table 5	
 	
 	June 30,	
 	March 31,	
 	December 31,	
 	June 30,	
 	
(dollars in thousands)	2015	
 	2015	
 	2014	
 	2014	
 	
Assets	 	 	 	 	
Interest-Bearing Deposits in Other Banks	$	3,420	
 	$	3,383	
 	$	2,873	
 	$	4,552	
 	
Funds Sold	602,598	
 	620,331	
 	360,577	
 	796,275	
 	
Investment Securities	 	 	 	 	
   Available-for-Sale	2,275,361	
 	2,271,186	
 	2,289,190	
 	2,209,763	
 	
   Held-to-Maturity (Fair Value of $4,240,732; $4,378,007; $4,504,495; and $4,743,012)	4,199,121	
 	4,306,353	
 	4,466,679	
 	4,704,551	
 	
Loans Held for Sale	18,483	
 	1,951	
 	5,136	
 	3,678	
 	
Loans and Leases	7,428,438	
 	7,178,628	
 	6,897,589	
 	6,426,353	
 	
   Allowance for Loan and Lease Losses	(106,006	)	(107,461	)	(108,688	)	(113,838	)	
     Net Loans and Leases	7,322,432	
 	7,071,167	
 	6,788,901	
 	6,312,515	
 	
Total Earning Assets	14,421,415	
 	14,274,371	
 	13,913,356	
 	14,031,334	
 	
Cash and Due from Banks	150,874	
 	151,793	
 	172,126	
 	141,950	
 	
Premises and Equipment, Net	108,439	
 	109,223	
 	109,854	
 	108,116	
 	
Accrued Interest Receivable	44,475	
 	47,017	
 	44,654	
 	44,311	
 	
Foreclosed Real Estate	1,989	
 	2,095	
 	2,311	
 	3,944	
 	
Mortgage Servicing Rights	23,426	
 	23,643	
 	24,695	
 	26,397	
 	
Goodwill	31,517	
 	31,517	
 	31,517	
 	31,517	
 	
Bank-Owned Life Insurance	265,133	
 	264,228	
 	262,807	
 	260,403	
 	
Other Assets	200,775	
 	235,292	
 	225,888	
 	196,533	
 	
Total Assets	$	15,248,043	
 	$	15,139,179	
 	$	14,787,208	
 	$	14,844,505	

Liabilities	 	 	 	 	
Deposits	 	 	 	 	
   Noninterest-Bearing Demand	$	4,156,847	
 	$	4,047,334	
 	$	3,832,943	
 	$	4,070,334	
 	
   Interest-Bearing Demand	2,699,517	
 	2,608,664	
 	2,559,570	
 	2,566,240	
 	
   Savings	5,044,711	
 	5,014,686	
 	4,806,575	
 	4,525,593	
 	
   Time	1,189,620	
 	1,308,932	
 	1,434,001	
 	1,507,867	
 	
Total Deposits	13,090,695	
 	12,979,616	
 	12,633,089	
 	12,670,034	
 	
Funds Purchased	8,459	
 	8,459	
 	8,459	
 	8,467	
 	
Securities Sold Under Agreements to Repurchase	672,310	
 	672,329	
 	688,601	
 	745,626	
 	
Other Debt	170,816	
 	173,898	
 	173,912	
 	173,671	
 	
Retirement Benefits Payable	55,181	
 	55,197	
 	55,477	
 	35,017	
 	
Accrued Interest Payable	5,254	
 	5,836	
 	5,148	
 	5,099	
 	
Taxes Payable and Deferred Taxes	26,244	
 	46,987	
 	27,777	
 	42,131	
 	
Other Liabilities	136,145	
 	121,606	
 	139,659	
 	113,659	
 	
Total Liabilities	14,165,104	
 	14,063,928	
 	13,732,122	
 	13,793,704	
 	
Shareholders' Equity	 	 	 	 	
Common Stock ($.01 par value; authorized 500,000,000 shares;	 	 	 	 	
   issued / outstanding: June 30, 2015 - 57,745,324 / 43,535,020;	 	 	 	 	
   March 31, 2015 - 57,733,267 / 43,652,628; December 31, 2014 - 57,634,755 / 43,724,208;	 	 	 	 	
   and June 30, 2014 - 57,631,552 / 44,297,228)	575	
 	575	
 	574	
 	573	
 	
Capital Surplus	536,782	
 	534,141	
 	531,932	
 	527,284	
 	
Accumulated Other Comprehensive Loss	(28,562	)	(21,172	)	(26,686	)	(16,623	)	
Retained Earnings	1,278,672	
 	1,257,341	
 	1,234,801	
 	1,191,512	
 	
Treasury Stock, at Cost (Shares: June 30, 2015 - 14,210,304; March 31, 2015 - 14,080,639;	 	 	 	 	
    December 31, 2014 - 13,910,547; and June 30, 2014 - 13,334,324)	(704,528	)	(695,634	)	(685,535	)	(651,945	)	
Total Shareholders' Equity	1,082,939	
 	1,075,251	
 	1,055,086	
 	1,050,801	
 	
Total Liabilities and Shareholders' Equity	$	15,248,043	
 	$	15,139,179	
 	$	14,787,208	
 	$	14,844,505	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	
Consolidated Statements of Shareholders' Equity	 	 	 	Table 6	
 	
 	 	 	 	 	Accum.	
 	 	 	 	
 	 	 	 	 	Other	
 	 	 	 	
 	 	 	 	 	Compre-	
 	 	 	 	
 	 	 	 	 	hensive	
 	 	 	 	
 	Common Shares	 	Common	
 	Capital	
 	Income	
 	Retained	
 	Treasury	
 	 	
(dollars in thousands)	Outstanding	
 	Stock	
 	Surplus	
 	(Loss)	
 	Earnings	
 	Stock	
 	Total	
 	
Balance as of December 31, 2014	43,724,208	
 	$	574	
 	$	531,932	
 	$	(26,686	)	$	1,234,801	
 	$	(685,535	)	$	1,055,086	
 	
Net Income	—	
 	—	
 	—	
 	—	
 	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	

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 Declared ($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	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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, 2015	 	March 31, 2015	 	June 30, 2014	 	
 	 	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	$	3.5	
 	$	—	
 	0.17	
 	%	$	3.1	
 	$	—	
 	0.44	
 	%	$	4.0	
 	$	—	
 	0.12	
 	%	
Funds Sold	473.5	
 	0.3	
 	0.22	
 	 	484.3	
 	0.2	
 	0.21	
 	 	308.3	
 	0.2	
 	0.22	
 	 	
Investment Securities	 	 	 	 	 	 	 	 	 	 	 	 	
 	Available-for-Sale	 	 	 	 	 	 	 	 	 	 	 	 	
 	   Taxable	1,558.6	
 	6.5	
 	1.68	
 	 	1,560.8	
 	6.5	
 	1.67	
 	 	1,525.1	
 	7.0	
 	1.84	
 	 	
 	   Non-Taxable	725.8	
 	5.8	
 	3.17	
 	 	723.3	
 	5.7	
 	3.16	
 	 	701.6	
 	5.7	
 	3.25	
 	 	
 	Held-to-Maturity	 	 	 	 	 	 	 	 	 	 	 	 	
 	   Taxable	4,006.4	
 	21.3	
 	2.12	
 	 	4,140.9	
 	22.8	
 	2.21	
 	 	4,505.0	
 	25.3	
 	2.25	
 	 	
 	   Non-Taxable	248.2	
 	2.4	
 	3.93	
 	 	249.1	
 	2.5	
 	3.94	
 	 	251.8	
 	2.5	
 	3.96	
 	 	
Total Investment Securities	6,539.0	
 	36.0	
 	2.20	
 	 	6,674.1	
 	37.5	
 	2.25	
 	 	6,983.5	
 	40.5	
 	2.32	
 	 	
Loans Held for Sale	11.1	
 	0.1	
 	3.66	
 	 	3.1	
 	—	
 	3.63	
 	 	3.6	
 	—	
 	4.33	
 	 	
Loans and Leases 1	 	 	 	 	 	 	 	 	 	 	 	 	
 	Commercial and Industrial	1,156.3	
 	9.1	
 	3.16	
 	 	1,130.5	
 	8.9	
 	3.18	
 	 	950.2	
 	8.1	
 	3.42	
 	 	
 	Commercial Mortgage	1,499.7	
 	14.4	
 	3.85	
 	 	1,449.5	
 	13.7	
 	3.83	
 	 	1,302.2	
 	12.7	
 	3.91	
 	 	
 	Construction	126.0	
 	1.5	
 	4.85	
 	 	103.8	
 	1.1	
 	4.39	
 	 	103.2	
 	1.2	
 	4.48	
 	 	
 	Commercial Lease Financing	225.1	
 	2.0	
 	3.47	
 	 	225.9	
 	1.9	
 	3.42	
 	 	241.2	
 	1.7	
 	2.80	
 	 	
 	Residential Mortgage	2,736.2	
 	28.3	
 	4.14	
 	 	2,631.3	
 	27.5	
 	4.18	
 	 	2,323.5	
 	25.4	
 	4.38	
 	 	
 	Home Equity	906.8	
 	8.1	
 	3.60	
 	 	878.5	
 	8.1	
 	3.72	
 	 	805.9	
 	7.9	
 	3.93	
 	 	
 	Automobile	344.4	
 	4.5	
 	5.20	
 	 	331.5	
 	4.3	
 	5.25	
 	 	280.6	
 	3.7	
 	5.33	
 	 	
 	Other 2	306.0	
 	5.7	
 	7.51	
 	 	302.1	
 	5.5	
 	7.36	
 	 	267.8	
 	5.1	
 	7.65	
 	 	
Total Loans and Leases	7,300.5	
 	73.6	
 	4.04	
 	 	7,053.1	
 	71.0	
 	4.06	
 	 	6,274.6	
 	65.8	
 	4.20	
 	 	
Other	51.6	
 	0.3	
 	2.40	
 	 	66.0	
 	0.3	
 	1.83	
 	 	74.1	
 	0.3	
 	1.63	
 	 	
Total Earning Assets 3	14,379.2	
 	110.3	
 	3.07	
 	 	14,283.7	
 	109.0	
 	3.07	
 	 	13,648.1	
 	106.8	
 	3.13	
 	 	
Cash and Due from Banks	125.8	
 	 	 	 	136.5	
 	 	 	 	138.3	
 	 	 	 	
Other Assets	533.5	
 	 	 	 	525.8	
 	 	 	 	467.0	
 	 	 	 	
Total Assets	$	15,038.5	
 	 	 	 	$	14,946.0	
 	 	 	 	$	14,253.4	

Interest-Bearing Liabilities	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits	 	 	 	 	 	 	 	 	 	 	 	 	
 	Demand	$	2,611.9	
 	0.2	
 	0.03	
 	 	$	2,577.1	
 	0.2	
 	0.03	
 	 	$	2,359.2	
 	0.2	
 	0.03	
 	 	
 	Savings	5,023.5	
 	1.1	
 	0.09	
 	 	4,941.0	
 	1.1	
 	0.09	
 	 	4,540.3	
 	1.0	
 	0.09	
 	 	
 	Time	1,256.6	
 	1.1	
 	0.35	
 	 	1,378.3	
 	1.1	
 	0.33	
 	 	1,506.5	
 	1.2	
 	0.33	
 	 	
Total Interest-Bearing Deposits	8,892.0	
 	2.4	
 	0.11	
 	 	8,896.4	
 	2.4	
 	0.11	
 	 	8,406.0	
 	2.4	
 	0.11	
 	 	
Short-Term Borrowings	8.5	
 	—	
 	0.14	
 	 	8.5	
 	—	
 	0.14	
 	 	9.3	
 	—	
 	0.14	
 	 	
Securities Sold Under Agreements to
    Repurchase	672.2	
 	6.5	
 	3.79	
 	 	678.0	
 	6.4	
 	3.76	
 	 	789.9	
 	6.5	
 	3.24	
 	 	
Other Debt	173.9	
 	0.6	
 	1.43	
 	 	173.9	
 	0.6	
 	1.43	
 	 	175.3	
 	0.6	
 	1.49	
 	 	
Total Interest-Bearing Liabilities	9,746.6	
 	9.5	
 	0.39	
 	 	9,756.8	
 	9.4	
 	0.39	
 	 	9,380.5	
 	9.5	
 	0.40	
 	 	
Net Interest Income	 	$	100.8	
 	 	 	 	$	99.6	
 	 	 	 	$	97.3	
 	 	 	
 	Interest Rate Spread	 	 	2.68	
 	%	 	 	2.68	
 	%	 	 	2.73	
 	%	
 	Net Interest Margin	 	 	2.81	
 	%	 	 	2.81	
 	%	 	 	2.86	
 	%	
Noninterest-Bearing Demand Deposits	3,971.3	
 	 	 	 	3,890.0	
 	 	 	 	3,624.0	
 	 	 	 	
Other Liabilities	244.1	
 	 	 	 	235.1	
 	 	 	 	200.5	
 	 	 	 	
Shareholders' Equity	1,076.5	
 	 	 	 	1,064.1	
 	 	 	 	1,048.4	
 	 	 	 	
Total Liabilities and Shareholders' Equity	$	15,038.5	
 	 	 	 	$	14,946.0	
 	 	 	 	$	14,253.4	

 	 	 	 	 	 	 	 	 	 	 	 	 	 	
1  Non-performing loans and leases are included in the respective average loan and lease balances. Income, if any, on such loans and leases is recognized on a cash basis.	 	
2  Comprised of other consumer revolving credit, installment, and consumer lease financing.	 	 	 	 	 	 	
3  Interest income includes taxable-equivalent basis adjustments, based upon a federal statutory tax rate of 35%, of $3,008,000, $2,878,000 and $2,874,000 for the three months ended	 	
 	June 30, 2015, March 31, 2015, and June 30, 2014, 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, 2015	 	June 30, 2014	 	
 	 	Average	
 	Income/	
 	Yield/	
 	 	Average	
 	Income/	
 	Yield/	
 	 	
(dollars in millions)	Balance	
 	Expense	
 	Rate	
 	 	Balance	
 	Expense	
 	Rate	
 	 	
Earning Assets	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits in Other Banks	$	3.2	
 	$	—	
 	0.30	
 	%	$	4.8	
 	$	—	
 	0.18	
 	%	
Funds Sold	478.9	
 	0.5	
 	0.22	
 	 	289.5	
 	0.3	
 	0.21	
 	 	
Investment Securities	 	 	 	 	 	 	 	 	
 	Available-for-Sale	 	 	 	 	 	 	 	 	
 	   Taxable	1,559.7	
 	13.0	
 	1.67	
 	 	1,536.9	
 	14.2	
 	1.85	
 	 	
 	   Non-Taxable	724.6	
 	11.5	
 	3.17	
 	 	689.6	
 	11.2	
 	3.26	
 	 	
 	Held-to-Maturity	 	 	 	 	 	 	 	 	
 	   Taxable	4,073.2	
 	44.0	
 	2.17	
 	 	4,503.3	
 	51.6	
 	2.29	
 	 	
 	   Non-Taxable	248.7	
 	4.9	
 	3.94	
 	 	252.2	
 	4.9	
 	3.96	
 	 	
Total Investment Securities	6,606.2	
 	73.4	
 	2.23	
 	 	6,982.0	
 	81.9	
 	2.35	
 	 	
Loans Held for Sale	7.1	
 	0.1	
 	3.65	
 	 	3.9	
 	0.1	
 	4.52	
 	 	
Loans and Leases 1	 	 	 	 	 	 	 	 	
 	Commercial and Industrial	1,143.5	
 	18.0	
 	3.17	
 	 	937.1	
 	15.9	
 	3.42	
 	 	
 	Commercial Mortgage	1,474.8	
 	28.1	
 	3.84	
 	 	1,276.2	
 	25.4	
 	4.01	
 	 	
 	Construction	115.0	
 	2.6	
 	4.64	
 	 	100.3	
 	2.2	
 	4.45	
 	 	
 	Commercial Lease Financing	225.5	
 	3.9	
 	3.44	
 	 	243.5	
 	3.1	
 	2.56	
 	 	
 	Residential Mortgage	2,684.0	
 	55.8	
 	4.16	
 	 	2,305.3	
 	49.8	
 	4.32	
 	 	
 	Home Equity	892.7	
 	16.2	
 	3.66	
 	 	793.9	
 	15.6	
 	3.95	
 	 	
 	Automobile	338.0	
 	8.8	
 	5.23	
 	 	272.0	
 	7.2	
 	5.36	
 	 	
 	Other 2	304.0	
 	11.2	
 	7.43	
 	 	261.5	
 	10.1	
 	7.77	
 	 	
Total Loans and Leases	7,177.5	
 	144.6	
 	4.05	
 	 	6,189.8	
 	129.3	
 	4.20	
 	 	
Other	58.8	
 	0.6	
 	2.08	
 	 	75.5	
 	0.6	
 	1.60	
 	 	
Total Earning Assets 3	14,331.7	
 	219.2	
 	3.07	
 	 	13,545.5	
 	212.2	
 	3.14	
 	 	
Cash and Due from Banks	131.1	
 	 	 	 	140.4	
 	 	 	 	
Other Assets	529.7	
 	 	 	 	458.4	
 	 	 	 	
Total Assets	$	14,992.5	
 	 	 	 	$	14,144.3	

Interest-Bearing Liabilities	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits	 	 	 	 	 	 	 	 	
 	Demand	$	2,594.6	
 	0.4	
 	0.03	
 	 	$	2,342.6	
 	0.4	
 	0.03	
 	 	
 	Savings	4,982.5	
 	2.2	
 	0.09	
 	 	4,528.0	
 	1.9	
 	0.09	
 	 	
 	Time	1,317.1	
 	2.2	
 	0.34	
 	 	1,440.2	
 	2.5	
 	0.35	
 	 	
Total Interest-Bearing Deposits	8,894.2	
 	4.8	
 	0.11	
 	 	8,310.8	
 	4.8	
 	0.12	
 	 	
Short-Term Borrowings	8.4	
 	—	
 	0.14	
 	 	9.6	
 	—	
 	0.14	
 	 	
Securities Sold Under Agreements to Repurchase	675.2	
 	12.8	
 	3.77	
 	 	792.2	
 	12.8	
 	3.23	
 	 	
Other Debt	173.9	
 	1.2	
 	1.43	
 	 	175.0	
 	1.3	
 	1.46	
 	 	
Total Interest-Bearing Liabilities	9,751.7	
 	18.8	
 	0.39	
 	 	9,287.6	
 	18.9	
 	0.41	
 	 	
Net Interest Income	 	$	200.4	
 	 	 	 	$	193.3	
 	 	 	
 	Interest Rate Spread	 	 	2.68	
 	%	 	 	2.73	
 	%	
 	Net Interest Margin	 	 	2.81	
 	%	 	 	2.87	
 	%	
Noninterest-Bearing Demand Deposits	3,930.9	
 	 	 	 	3,612.1	
 	 	 	 	
Other Liabilities	239.6	
 	 	 	 	203.6	
 	 	 	 	
Shareholders' Equity	1,070.3	
 	 	 	 	1,041.0	
 	 	 	 	
Total Liabilities and Shareholders' Equity	$	14,992.5	
 	 	 	 	$	14,144.3	

 	 	 	 	 	 	 	 	 	 	
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 $5,886,000 and $5,698,000 for the six months ended	 	
 	June 30, 2015 and June 30, 2014, respectively.	 	 	 	 	 	

 	
 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	
Analysis of Change in Net Interest Income - Taxable-Equivalent Basis	 	Table 8a	
 	
 	Three Months Ended June 30, 2015	
 	Compared to March 31, 2015	
(dollars in millions)	Volume 1	
 	Rate 1	
 	Total	
 	
Change in Interest Income:	 	 	 	
Funds Sold	$	—	
 	$	0.1	
 	$	0.1	
 	
Investment Securities	 	 	 	
   Available-for-Sale	 	 	 	
      Non-Taxable	—	
 	0.1	
 	0.1	
 	
   Held-to-Maturity	 	 	 	
      Taxable	(0.7	)	(0.8	)	(1.5	)	
      Non-Taxable	—	
 	(0.1	)	(0.1	)	
Total Investment Securities	(0.7	)	(0.8	)	(1.5	)	
Loans Held for Sale	0.1	
 	—	
 	0.1	
 	
Loans and Leases	 	 	 	
   Commercial and Industrial	0.3	
 	(0.1	)	0.2	
 	
   Commercial Mortgage	0.6	
 	0.1	
 	0.7	
 	
   Construction	0.3	
 	0.1	
 	0.4	
 	
   Commercial Lease Financing	—	
 	0.1	
 	0.1	
 	
   Residential Mortgage	1.1	
 	(0.3	)	0.8	
 	
   Home Equity	0.2	
 	(0.2	)	—	
 	
   Automobile	0.2	
 	—	
 	0.2	
 	
   Other 2	0.1	
 	0.1	
 	0.2	
 	
Total Loans and Leases	2.8	
 	(0.2	)	2.6	
 	
Other	(0.1	)	0.1	
 	—	
 	
Total Change in Interest Income	2.1	
 	(0.8	)	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	)	0.2	
 	0.1	

Change in Net Interest Income	$	2.2	
 	$	(1.0	)	$	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, 2015	
 	Compared to June 30, 2014	
(dollars in millions)	Volume 1	
 	Rate 1	
 	Total	
 	
Change in Interest Income:	 	 	 	
Funds Sold	$	0.1	
 	$	—	
 	$	0.1	
 	
Investment Securities	 	 	 	
   Available-for-Sale	 	 	 	
      Taxable	0.1	
 	(0.6	)	(0.5	)	
      Non-Taxable	0.2	
 	(0.1	)	0.1	
 	
   Held-to-Maturity	 	 	 	
      Taxable	(2.7	)	(1.3	)	(4.0	)	
      Non-Taxable	—	
 	(0.1	)	(0.1	)	
Total Investment Securities	(2.4	)	(2.1	)	(4.5	)	
Loans Held for Sale	0.1	
 	—	
 	0.1	
 	
Loans and Leases	 	 	 	
   Commercial and Industrial	1.7	
 	(0.7	)	1.0	
 	
   Commercial Mortgage	1.9	
 	(0.2	)	1.7	
 	
   Construction	0.3	
 	—	
 	0.3	
 	
   Commercial Lease Financing	(0.1	)	0.4	
 	0.3	
 	
   Residential Mortgage	4.3	
 	(1.4	)	2.9	
 	
   Home Equity	0.9	
 	(0.7	)	0.2	
 	
   Automobile	0.8	
 	—	
 	0.8	
 	
   Other 2	0.7	
 	(0.1	)	0.6	
 	
Total Loans and Leases	10.5	
 	(2.7	)	7.8	
 	
Other	(0.1	)	0.1	
 	—	
 	
Total Change in Interest Income	8.2	
 	(4.7	)	3.5	

Change in Interest Expense:	 	 	 	
Interest-Bearing Deposits	 	 	 	
   Savings	0.1	
 	—	
 	0.1	
 	
   Time	(0.2	)	0.1	
 	(0.1	)	
Total Interest-Bearing Deposits	(0.1	)	0.1	
 	—	
 	
Securities Sold Under Agreements to Repurchase	(1.0	)	1.0	
 	—	
 	
Total Change in Interest Expense	(1.1	)	1.1	
 	—	

Change in Net Interest Income	$	9.3	
 	$	(5.8	)	$	3.5	

 	 	 	 	
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, 2015	
 	Compared to June 30, 2014	
(dollars in millions)	Volume 1	
 	Rate 1	
 	Total	
 	
Change in Interest Income:	 	 	 	
Funds Sold	$	0.2	
 	$	—	
 	$	0.2	
 	
Investment Securities	 	 	 	
   Available-for-Sale	 	 	 	
      Taxable	0.2	
 	(1.4	)	(1.2	)	
      Non-Taxable	0.6	
 	(0.3	)	0.3	
 	
   Held-to-Maturity	 	 	 	
      Taxable	(4.8	)	(2.8	)	(7.6	)	
Total Investment Securities	(4.0	)	(4.5	)	(8.5	)	
Loans Held for Sale	0.1	
 	(0.1	)	—	
 	
Loans and Leases	 	 	 	
   Commercial and Industrial	3.3	
 	(1.2	)	2.1	
 	
   Commercial Mortgage	3.8	
 	(1.1	)	2.7	
 	
   Construction	0.3	
 	0.1	
 	0.4	
 	
   Commercial Lease Financing	(0.2	)	1.0	
 	0.8	
 	
   Residential Mortgage	7.9	
 	(1.9	)	6.0	
 	
   Home Equity	1.8	
 	(1.2	)	0.6	
 	
   Automobile	1.7	
 	(0.1	)	1.6	
 	
   Other 2	1.6	
 	(0.5	)	1.1	
 	
Total Loans and Leases	20.2	
 	(4.9	)	15.3	
 	
Other	(0.2	)	0.2	
 	—	
 	
Total Change in Interest Income	16.3	
 	(9.3	)	7.0	

Change in Interest Expense:	 	 	 	
Interest-Bearing Deposits	 	 	 	
   Savings	0.2	
 	0.1	
 	0.3	
 	
   Time	(0.2	)	(0.1	)	(0.3	)	
Total Interest-Bearing Deposits	—	
 	—	
 	—	
 	
Securities Sold Under Agreements to Repurchase	(2.0	)	2.0	
 	—	
 	
Other Debt	(0.1	)	—	
 	(0.1	)	
Total Change in Interest Expense	(2.1	)	2.0	
 	(0.1	)	
 	 	 	 	
Change in Net Interest Income	$	18.4	
 	$	(11.3	)	$	7.1	

 	 	 	 	
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)	2015	2015	2014	 	2015	2014	
Salaries	$	28,214	
 	$	27,914	
 	$	28,544	
 	 	$	56,128	
 	$	56,458	
 	
Incentive Compensation	4,959	
 	4,514	
 	4,359	
 	 	9,473	
 	8,590	
 	
Share-Based Compensation	2,751	
 	2,345	
 	2,271	
 	 	5,096	
 	4,240	
 	
Commission Expense	1,927	
 	1,592	
 	1,106	
 	 	3,519	
 	2,165	
 	
Retirement and Other Benefits	4,117	
 	4,731	
 	3,811	
 	 	8,848	
 	8,797	
 	
Payroll Taxes	2,278	
 	3,585	
 	2,179	
 	 	5,863	
 	5,747	
 	
Medical, Dental, and Life Insurance	2,449	
 	3,184	
 	2,724	
 	 	5,633	
 	5,345	
 	
Separation Expense	915	
 	1,915	
 	87	
 	 	2,830	
 	636	
 	
Total Salaries and Benefits	$	47,610	
 	$	49,780	
 	$	45,081	
 	 	$	97,390	
 	$	91,978	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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)	2015	
 	2015	
 	2014	
 	2014	
 	2014	
 	
Commercial	 	 	 	 	 	
 	Commercial and Industrial	$	1,173,259	
 	$	1,141,408	
 	$	1,055,243	
 	$	991,157	
 	$	988,940	
 	
 	Commercial Mortgage	1,528,685	
 	1,477,902	
 	1,437,513	
 	1,373,289	
 	1,345,549	
 	
 	Construction	118,714	
 	111,381	
 	109,183	
 	132,097	
 	121,434	
 	
 	Lease Financing	222,113	
 	224,419	
 	226,189	
 	232,381	
 	237,585	
 	
Total Commercial	3,042,771	
 	2,955,110	
 	2,828,128	
 	2,728,924	
 	2,693,508	
 	
Consumer	 	 	 	 	 	
 	Residential Mortgage	2,787,847	
 	2,699,434	
 	2,571,090	
 	2,444,989	
 	2,355,085	
 	
 	Home Equity	931,191	
 	884,742	
 	866,688	
 	838,206	
 	811,180	
 	
 	Automobile	352,128	
 	339,686	
 	323,848	
 	306,003	
 	287,794	
 	
 	Other 1	314,501	
 	299,656	
 	307,835	
 	288,228	
 	278,786	
 	
Total Consumer	4,385,667	
 	4,223,518	
 	4,069,461	
 	3,877,426	
 	3,732,845	
 	
Total Loans and Leases	$	7,428,438	
 	$	7,178,628	
 	$	6,897,589	
 	$	6,606,350	
 	$	6,426,353	

 	 	 	 	 	 	 	
Deposits	 	 	 	 	
 	 	June 30,	
 	March 31,	
 	December 31,	
 	September 30,	
 	June 30,	
 	
(dollars in thousands)	2015	
 	2015	
 	2014	
 	2014	
 	2014	
 	
Consumer	$	6,221,691	
 	$	6,220,391	
 	$	6,092,929	
 	$	5,972,435	
 	$	5,938,123	
 	
Commercial	5,524,153	
 	5,444,814	
 	5,163,352	
 	5,070,080	
 	5,207,026	
 	
Public and Other	1,344,851	
 	1,314,411	
 	1,376,808	
 	1,318,926	
 	1,524,885	
 	
Total Deposits	$	13,090,695	
 	$	12,979,616	
 	$	12,633,089	
 	$	12,361,441	
 	$	12,670,034	

 	 	 	 	 	 	 	
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)	2015	
 	2015	
 	2014	
 	2014	
 	2014	
 	
Non-Performing Assets	 	 	 	 	 	
Non-Accrual Loans and Leases	 	 	 	 	 	
 	Commercial	 	 	 	 	 	
 	 	Commercial and Industrial	$	8,299	
 	$	8,641	
 	$	9,088	
 	$	8,952	
 	$	10,437	
 	
 	 	Commercial Mortgage	716	
 	732	
 	745	
 	1,366	
 	1,403	
 	
 	Total Commercial	9,015	
 	9,373	
 	9,833	
 	10,318	
 	11,840	
 	
 	Consumer	 	 	 	 	 	
 	 	Residential Mortgage	14,918	
 	14,344	
 	14,841	
 	16,756	
 	15,818	
 	
 	 	Home Equity	3,528	
 	2,965	
 	3,097	
 	2,671	
 	2,787	
 	
 	Total Consumer	18,446	
 	17,309	
 	17,938	
 	19,427	
 	18,605	
 	
Total Non-Accrual Loans and Leases	27,461	
 	26,682	
 	27,771	
 	29,745	
 	30,445	
 	
Foreclosed Real Estate	1,989	
 	2,095	
 	2,311	
 	3,562	
 	3,944	
 	
Total Non-Performing Assets	$	29,450	
 	$	28,777	
 	$	30,082	
 	$	33,307	
 	$	34,389	

Accruing Loans and Leases Past Due 90 Days or More	 	 	 	 	
Commercial	 	 	 	 	 	
 	Commercial and Industrial	$	750	
 	$	—	
 	$	2	
 	$	14	
 	$	—	
 	
Total Commercial	750	
 	—	
 	2	
 	14	
 	—	
 	
Consumer	 	 	 	 	 	
 	Residential Mortgage	4,789	
 	3,914	
 	4,506	
 	4,819	
 	6,082	
 	
 	Home Equity	2,395	
 	2,425	
 	2,596	
 	2,816	
 	2,505	
 	
 	Automobile	323	
 	537	
 	616	
 	612	
 	236	
 	
 	Other 1	1,395	
 	1,078	
 	941	
 	842	
 	844	
 	
Total Consumer	8,902	
 	7,954	
 	8,659	
 	9,089	
 	9,667	
 	
Total Accruing Loans and Leases Past Due 90 Days or More	$	9,652	
 	$	7,954	
 	$	8,661	
 	$	9,103	
 	$	9,667	
 	
Restructured Loans on Accrual Status	 	 	 	 	 	
   and Not Past Due 90 Days or More	$	48,339	
 	$	46,639	
 	$	45,474	
 	$	45,169	
 	$	43,625	
 	
Total Loans and Leases	$	7,428,438	
 	$	7,178,628	
 	$	6,897,589	
 	$	6,606,350	
 	$	6,426,353	

Ratio of Non-Accrual Loans and Leases to Total Loans and Leases	0.37	%	0.37	%	0.40	%	0.45	%	0.47	%	
 	 	 	 	 	 	 	 	
Ratio of Non-Performing Assets to Total Loans and Leases	 	 	 	 	 	
 	and Foreclosed Real Estate	0.40	%	0.40	%	0.44	%	0.50	%	0.53	%	
 	 	 	 	 	 	 	 	
Ratio of Commercial Non-Performing Assets to Total Commercial Loans	 	 	 	 	 	
 	and Leases and Commercial Foreclosed Real Estate	0.32	%	0.34	%	0.38	%	0.42	%	0.48	%	
 	 	 	 	 	 	 	 	
Ratio of Consumer Non-Performing Assets to Total Consumer Loans	 	 	 	 	 	
 	and Leases and Consumer Foreclosed Real Estate	0.45	%	0.44	%	0.47	%	0.56	%	0.57	%	
 	 	 	 	 	 	 	 	
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	0.53	%	0.51	%	0.56	%	0.64	%	0.69	%	
 	 	 	 	 	 	 	 	
Quarter to Quarter Changes in Non-Performing Assets	 	 	 	 	 	
Balance at Beginning of Quarter	$	28,777	
 	$	30,082	
 	$	33,307	
 	$	34,389	
 	$	37,048	
 	
Additions	1,909	
 	621	
 	1,885	
 	2,565	
 	2,798	
 	
Reductions	 	 	 	 	 	
 	Payments	(1,020	)	(1,427	)	(1,822	)	(2,381	)	(2,753	)	
 	Return to Accrual Status	—	
 	(187	)	(1,291	)	(704	)	(904	)	
 	Sales of Foreclosed Real Estate	(83	)	(37	)	(1,480	)	(449	)	(1,782	)	
 	Charge-offs/Write-downs	(133	)	(275	)	(517	)	(113	)	(18	)	
Total Reductions	(1,236	)	(1,926	)	(5,110	)	(3,647	)	(5,457	)	
Balance at End of Quarter	$	29,450	
 	$	28,777	
 	$	30,082	
 	$	33,307	
 	$	34,389	

 	 	 	 	 	 	 	 	
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)	2015	2015	2014	 	2015	2014	
Balance at Beginning of Period	$	113,348	
 	$	114,575	
 	$	120,136	
 	 	$	114,575	
 	$	121,521	
 	
Loans and Leases Charged-Off	 	 	 	 	 	 	
 	Commercial	 	 	 	 	 	 	
 	 	Commercial and Industrial	(255	)	(235	)	(749	)	 	(490	)	(1,568	)	
 	 	Lease Financing	—	
 	—	
 	(66	)	 	—	
 	(66	)	
 	Consumer	 	 	 	 	 	 	
 	 	Residential Mortgage	(54	)	(559	)	(323	)	 	(613	)	(652	)	
 	 	Home Equity	(211	)	(216	)	(553	)	 	(427	)	(904	)	
 	 	Automobile	(1,237	)	(1,428	)	(711	)	 	(2,665	)	(1,628	)	
 	 	Other 1	(1,739	)	(1,650	)	(1,595	)	 	(3,389	)	(3,217	)	
Total Loans and Leases Charged-Off	(3,496	)	(4,088	)	(3,997	)	 	(7,584	)	(8,035	)	
Recoveries on Loans and Leases Previously Charged-Off	 	 	 	 	 	 	
 	Commercial	 	 	 	 	 	 	
 	 	Commercial and Industrial	456	
 	646	
 	2,132	
 	 	1,102	
 	3,052	
 	
 	 	Commercial Mortgage	14	
 	14	
 	15	
 	 	28	
 	29	
 	
 	 	Construction	8	
 	8	
 	8	
 	 	16	
 	13	
 	
 	 	Lease Financing	8	
 	68	
 	1	
 	 	76	
 	3	
 	
 	Consumer	 	 	 	 	 	 	
 	 	Residential Mortgage	96	
 	342	
 	2,335	
 	 	438	
 	2,607	
 	
 	 	Home Equity	566	
 	881	
 	351	
 	 	1,447	
 	902	
 	
 	 	Automobile	396	
 	494	
 	343	
 	 	890	
 	788	
 	
 	 	Other 1	497	
 	408	
 	723	
 	 	905	
 	1,224	
 	
Total Recoveries on Loans and Leases Previously Charged-Off	2,041	
 	2,861	
 	5,908	
 	 	4,902	
 	8,618	
 	
Net Loans and Leases Recovered (Charged-Off)	(1,455	)	(1,227	)	1,911	
 	 	(2,682	)	583	
 	
Provision for Credit Losses	—	
 	—	
 	(2,199	)	 	—	
 	(2,199	)	
Provision for Unfunded Commitments	—	
 	—	
 	(123	)	 	—	
 	(180	)	
Balance at End of Period 2	$	111,893	
 	$	113,348	
 	$	119,725	
 	 	$	111,893	
 	$	119,725	

Components	 	 	 	 	 	 	
Allowance for Loan and Lease Losses	$	106,006	
 	$	107,461	
 	$	113,838	
 	 	$	106,006	
 	$	113,838	
 	
Reserve for Unfunded Commitments	5,887	
 	5,887	
 	5,887	
 	 	5,887	
 	5,887	
 	
Total Reserve for Credit Losses	$	111,893	
 	$	113,348	
 	$	119,725	
 	 	$	111,893	
 	$	119,725	

Average Loans and Leases Outstanding	$	7,300,506	
 	$	7,053,061	
 	$	6,274,595	
 	 	$	7,177,467	
 	$	6,189,789	

Ratio of Net Loans and Leases Charged-Off (Recovered) to	 	 	 	 	 	 	
 	Average Loans and Leases Outstanding (annualized)	0.08	%	0.07	%	-0.12	 %	 	0.08	%	-0.02	 %	
Ratio of Allowance for Loan and Lease Losses to Loans and Leases
      Outstanding	1.43	%	1.50	%	1.77	 %	 	1.43	%	1.77	 %	

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, 2015	 	 	 	 	 	
Net Interest Income	$	50,550	
 	$	35,880	
 	$	4,335	
 	$	7,017	
 	$	97,782	
 	
Provision for Credit Losses	1,727	
 	(266	)	(8	)	(1,453	)	—	
 	
Net Interest Income After Provision for Credit Losses	48,823	
 	36,146	
 	4,343	
 	8,470	
 	97,782	
 	
Noninterest Income	20,809	
 	5,793	
 	15,680	
 	3,643	
 	45,925	
 	
Noninterest Expense	(49,158	)	(16,569	)	(14,572	)	(3,275	)	(83,574	)	
Income Before Provision for Income Taxes	20,474	
 	25,370	
 	5,451	
 	8,838	
 	60,133	
 	
Provision for Income Taxes	(7,219	)	(8,975	)	(2,017	)	(768	)	(18,979	)	
Net Income	$	13,255	
 	$	16,395	
 	$	3,434	
 	$	8,070	
 	$	41,154	
 	
Total Assets as of June 30, 2015	$	4,404,619	
 	$	2,984,756	
 	$	204,253	
 	$	7,654,415	
 	$	15,248,043	

 	 	 	 	 	 	
Three Months Ended June 30, 2014 1	 	 	 	 	 	
Net Interest Income	$	44,094	
 	$	28,222	
 	$	3,679	
 	$	18,417	
 	$	94,412	
 	
Provision for Credit Losses	(414	)	(1,269	)	(226	)	(290	)	(2,199	)	
Net Interest Income After Provision for Credit Losses	44,508	
 	29,491	
 	3,905	
 	18,707	
 	96,611	
 	
Noninterest Income	19,988	
 	5,581	
 	14,411	
 	4,501	
 	44,481	
 	
Noninterest Expense	(48,647	)	(16,462	)	(13,342	)	(2,631	)	(81,082	)	
Income Before Provision for Income Taxes	15,849	
 	18,610	
 	4,974	
 	20,577	
 	60,010	
 	
Provision for Income Taxes	(5,936	)	(6,320	)	(1,844	)	(4,420	)	(18,520	)	
Net Income	$	9,913	
 	$	12,290	
 	$	3,130	
 	$	16,157	
 	$	41,490	
 	
Total Assets as of June 30, 2014 1	$	3,761,140	
 	$	2,633,218	
 	$	194,220	
 	$	8,255,927	
 	$	14,844,505	

 	 	 	 	 	 	
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, 2015	 	 	 	 	 	
Net Interest Income	$	98,900	
 	$	70,148	
 	$	8,636	
 	$	16,868	
 	$	194,552	
 	
Provision for Credit Losses	3,450	
 	(730	)	(16	)	(2,704	)	—	
 	
Net Interest Income After Provision for Credit Losses	95,450	
 	70,878	
 	8,652	
 	19,572	
 	194,552	
 	
Noninterest Income	39,915	
 	11,349	
 	30,407	
 	16,561	
 	98,232	
 	
Noninterest Expense	(99,498	)	(34,304	)	(29,162	)	(7,525	)	(170,489	)	
Income Before Provision for Income Taxes	35,867	
 	47,923	
 	9,897	
 	28,608	
 	122,295	
 	
Provision for Income Taxes	(12,744	)	(16,859	)	(3,662	)	(5,434	)	(38,699	)	
Net Income	$	23,123	
 	$	31,064	
 	$	6,235	
 	$	23,174	
 	$	83,596	
 	
Total Assets as of June 30, 2015	$	4,404,619	
 	$	2,984,756	
 	$	204,253	
 	$	7,654,415	
 	$	15,248,043	

 	 	 	 	 	 	
Six Months Ended June 30, 2014 1	 	 	 	 	 	
Net Interest Income	$	85,538	
 	$	55,144	
 	$	7,234	
 	$	39,729	
 	$	187,645	
 	
Provision for Credit Losses	1,041	
 	(1,329	)	(294	)	(1,617	)	(2,199	)	
Net Interest Income After Provision for Credit Losses	84,497	
 	56,473	
 	7,528	
 	41,346	
 	189,844	
 	
Noninterest Income	39,343	
 	11,799	
 	28,761	
 	9,346	
 	89,249	
 	
Noninterest Expense	(98,013	)	(33,424	)	(27,763	)	(5,429	)	(164,629	)	
Income Before Provision for Income Taxes	25,827	
 	34,848	
 	8,526	
 	45,263	
 	114,464	
 	
Provision for Income Taxes	(9,750	)	(11,740	)	(3,161	)	(9,731	)	(34,382	)	
Net Income	$	16,077	
 	$	23,108	
 	$	5,365	
 	$	35,532	
 	$	80,082	
 	
Total Assets as of June 30, 2014 1	$	3,761,140	
 	$	2,633,218	
 	$	194,220	
 	$	8,255,927	
 	$	14,844,505	

 	 	 	 	 	 	
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)	2015	
 	 	2015	
 	 	2014	
 	 	2014	
 	 	2014	
 	 	
Quarterly Operating Results	 	 	 	 	 	 	 	 	 	 	
Interest Income	 	 	 	 	 	 	 	 	 	 	
   Interest and Fees on Loans and Leases	$	73,565	
 	 	$	70,961	
 	 	$	69,974	
 	 	$	68,089	
 	 	$	65,818	
 	 	
   Income on Investment Securities	 	 	 	 	 	 	 	 	 	 	
      Available-for-Sale	10,273	
 	 	10,198	
 	 	10,732	
 	 	10,286	
 	 	10,697	
 	 	
      Held-to-Maturity	22,832	
 	 	24,407	
 	 	24,966	
 	 	26,067	
 	 	26,938	
 	 	
   Deposits	2	
 	 	3	
 	 	2	
 	 	3	
 	 	1	
 	 	
   Funds Sold	268	
 	 	259	
 	 	192	
 	 	176	
 	 	168	
 	 	
   Other	310	
 	 	302	
 	 	303	
 	 	302	
 	 	302	
 	 	
Total Interest Income	107,250	
 	 	106,130	
 	 	106,169	
 	 	104,923	
 	 	103,924	
 	 	
Interest Expense	 	 	 	 	 	 	 	 	 	 	
   Deposits	2,405	
 	 	2,368	
 	 	2,392	
 	 	2,391	
 	 	2,393	
 	 	
   Securities Sold Under Agreements to Repurchase	6,440	
 	 	6,371	
 	 	6,520	
 	 	6,523	
 	 	6,465	
 	 	
   Funds Purchased	3	
 	 	3	
 	 	3	
 	 	3	
 	 	4	
 	 	
   Other Debt	620	
 	 	618	
 	 	622	
 	 	627	
 	 	650	
 	 	
Total Interest Expense	9,468	
 	 	9,360	
 	 	9,537	
 	 	9,544	
 	 	9,512	
 	 	
Net Interest Income	97,782	
 	 	96,770	
 	 	96,632	
 	 	95,379	
 	 	94,412	
 	 	
Provision for Credit Losses	—	
 	 	—	
 	 	—	
 	 	(2,665	)	 	(2,199	)	 	
Net Interest Income After Provision for Credit Losses	97,782	
 	 	96,770	
 	 	96,632	
 	 	98,044	
 	 	96,611	
 	 	
Noninterest Income	 	 	 	 	 	 	 	 	 	 	
   Trust and Asset Management	12,355	
 	 	12,180	
 	 	12,225	
 	 	11,716	
 	 	12,005	
 	 	
   Mortgage Banking	3,469	
 	 	1,693	
 	 	2,116	
 	 	1,646	
 	 	1,804	
 	 	
   Service Charges on Deposit Accounts	8,203	
 	 	8,537	
 	 	9,058	
 	 	9,095	
 	 	8,638	
 	 	
   Fees, Exchange, and Other Service Charges	13,352	
 	 	12,897	
 	 	13,702	
 	 	13,390	
 	 	13,370	
 	 	
   Investment Securities Gains, Net	86	
 	 	10,231	
 	 	1,966	
 	 	1,858	
 	 	2,079	
 	 	
   Annuity and Insurance	1,885	
 	 	2,044	
 	 	1,664	
 	 	2,348	
 	 	1,930	
 	 	
   Bank-Owned Life Insurance	2,088	
 	 	1,734	
 	 	1,874	
 	 	1,644	
 	 	1,519	
 	 	
   Other	4,487	
 	 	2,991	
 	 	3,213	
 	 	3,253	
 	 	3,136	
 	 	
Total Noninterest Income	45,925	
 	 	52,307	
 	 	45,818	
 	 	44,950	
 	 	44,481	
 	 	
Noninterest Expense	 	 	 	 	 	 	 	 	 	 	
   Salaries and Benefits	47,610	
 	 	49,780	
 	 	45,520	
 	 	45,530	
 	 	45,081	
 	 	
   Net Occupancy	8,605	
 	 	9,333	
 	 	9,291	
 	 	9,334	
 	 	9,254	
 	 	
   Net Equipment	4,826	
 	 	5,288	
 	 	4,734	
 	 	4,473	
 	 	4,669	
 	 	
   Data Processing	3,673	
 	 	3,773	
 	 	3,823	
 	 	3,665	
 	 	3,842	
 	 	
   Professional Fees	2,265	
 	 	2,334	
 	 	3,086	
 	 	1,835	
 	 	2,613	
 	 	
   FDIC Insurance	2,068	
 	 	2,140	
 	 	2,055	
 	 	1,750	
 	 	2,055	
 	 	
   Other	14,527	
 	 	14,267	
 	 	12,731	
 	 	14,443	
 	 	13,568	
 	 	
Total Noninterest Expense	83,574	
 	 	86,915	
 	 	81,240	
 	 	81,030	
 	 	81,082	
 	 	
Income Before Provision for Income Taxes	60,133	
 	 	62,162	
 	 	61,210	
 	 	61,964	
 	 	60,010	
 	 	
Provision for Income Taxes	18,979	
 	 	19,720	
 	 	20,019	
 	 	20,195	
 	 	18,520	
 	 	
Net Income	$	41,154	
 	 	$	42,442	
 	 	$	41,191	
 	 	$	41,769	
 	 	$	41,490	

Basic Earnings Per Share	$	0.95	
 	 	$	0.98	
 	 	$	0.95	
 	 	$	0.95	
 	 	$	0.94	
 	 	
Diluted Earnings Per Share	$	0.95	
 	 	$	0.97	
 	 	$	0.94	
 	 	$	0.95	
 	 	$	0.94	

Balance Sheet Totals	 	 	 	 	 	 	 	 	 	 	
Loans and Leases	$	7,428,438	
 	 	$	7,178,628	
 	 	$	6,897,589	
 	 	$	6,606,350	
 	 	$	6,426,353	
 	 	
Total Assets	15,248,043	
 	 	15,139,179	
 	 	14,787,208	
 	 	14,510,166	
 	 	14,844,505	
 	 	
Total Deposits	13,090,695	
 	 	12,979,616	
 	 	12,633,089	
 	 	12,361,441	
 	 	12,670,034	
 	 	
Total Shareholders' Equity	1,082,939	
 	 	1,075,251	
 	 	1,055,086	
 	 	1,057,413	
 	 	1,050,801	

Performance Ratios	 	 	 	 	 	 	 	 	 	 	
Return on Average Assets	1.10	
 	%	1.15	
 	%	1.12	
 	%	1.15	
 	%	1.17	
 	%	
Return on Average Shareholders' Equity	15.33	
 	 	16.18	
 	 	15.39	
 	 	15.57	
 	 	15.87	
 	 	
Efficiency Ratio 1	58.16	
 	 	58.30	
 	 	57.03	
 	 	57.74	
 	 	58.38	
 	 	
Net Interest Margin 2	2.81	
 	 	2.81	
 	 	2.84	
 	 	2.85	
 	 	2.86	

 	 	 	 	 	 	 	 	 	 	 	
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, 2015	 	 	December 31, 2014	December 31, 2013	
Hawaii Economic Trends	 	 	 	 	 	 	 	 	 	 	 	 	
   State General Fund Revenues 1	$	2,489.5	
 	6.3	
 	%	 	$	5,535.7	
 	 	1.6	
 	%	$	5,450.6	
 	 	3.7	
 	%	
   General Excise and Use Tax Revenue 1	$	1,308.3	
 	2.1	
 	%	 	$	2,979.8	
 	 	2.5	
 	%	$	2,907.6	
 	 	2.2	
 	%	
   Jobs 2	648.8	
 	 	 	 	643.7	
 	 	 	 	629.9	

 	 	 	 	 	 	 	June 30,	 	December 31,	
(spot rates)	 	 	 	 	 	 	2015	 	2014	2013	 	
Unemployment 3	 	 	 	 	 	 	 	 	 	 	 	 	
  Statewide, seasonally adjusted	 	 	 	 	 	 	4.0	
 	%	4.0	
 	%	4.7	
 	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	
   Oahu	 	 	 	 	 	 	4.1	
 	 	3.5	
 	 	3.8	
 	 	
   Island of Hawaii	 	 	 	 	 	 	5.5	
 	 	4.7	
 	 	5.9	
 	 	
   Maui	 	 	 	 	 	 	4.4	
 	 	3.8	
 	 	4.7	
 	 	
   Kauai	 	 	 	 	 	 	4.8	
 	 	4.3	
 	 	5.2	

 	 	 	 	 	June 30,	 	December 31,	
(percentage change, except months of inventory)	 	 	 	2015	 	2014	 	2013	2012	 	
Housing Trends (Single Family Oahu) 4	 	 	 	 	 	 	 	 	 	 	 	 	
   Median Home Price	 	 	 	 	2.3	
 	%	3.8	
 	%	4.8	
 	%	7.8	
 	%	
   Home Sales Volume (units)	 	 	 	 	3.4	
 	%	(0.8	)	%	4.6	
 	%	6.5	
 	%	
   Months of Inventory	 	 	 	 	3.2	
 	 	2.6	
 	 	2.7	
 	 	2.5	

 	 	 	 	 	Monthly Visitor Arrivals,	 	Percentage Change	
(in thousands)	 	 	 	 	Not Seasonally Adjusted	 	from Previous Year	
Tourism 5	 	 	 	 	 	 	 	 	 	 	 	 	
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	 	 	 	 	 	 	765.3	
 	 	 	 	6.2	
 	 	
November 30, 2014	 	 	 	 	 	 	637.7	
 	 	 	 	2.2	
 	 	
October 31, 2014	 	 	 	 	 	 	659.8	
 	 	 	 	3.0	
 	 	
September 30, 2014	 	 	 	 	 	 	622.2	
 	 	 	 	4.1	
 	 	
August 31, 2014	 	 	 	 	 	 	730.7	
 	 	 	 	(2.4	)	 	
July 31, 2014	 	 	 	 	 	 	772.1	
 	 	 	 	1.9	
 	 	
June 30, 2014	 	 	 	 	 	 	725.1	
 	 	 	 	1.2	
 	 	
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	 	 	 	 	 	 	720.8	
 	 	 	 	(1.8	)	 	
November 30, 2013	 	 	 	 	 	 	624.1	
 	 	 	 	(4.2	)	 	
October 31, 2013	 	 	 	 	 	 	640.3	
 	 	 	 	(0.1	)	 	
September 30, 2013	 	 	 	 	 	 	597.7	
 	 	 	 	0.5	
 	 	
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, 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.