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)	 	                       October 26, 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 October 26, 2015, Bank of Hawaii Corporation announced its results of operations for the quarter ended September 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	October 26, 2015 Press Release: Bank of Hawaii Corporation Third 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: October 26, 2015	Bank of Hawaii Corporation	

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

 	

 	 	

Bank of Hawaii Corporation Third Quarter 2015 Financial Results
 	 	
•	Diluted Earnings Per Share $0.79	
 	 	
•	Net Income $34.3 Million	
 	 	
•	Board of Directors Declares Dividend of $0.45 Per Share	

FOR IMMEDIATE RELEASE

HONOLULU, HI (October 26, 2015) -- Bank of Hawaii Corporation (NYSE: BOH) today reported diluted earnings per share of $0.79 for the third quarter of 2015, down from $0.95 in the second quarter of 2015 and $0.95 in the third quarter of 2014. Net income for the third quarter of 2015 was $34.3 million, down from net income of $41.2 million in the previous quarter and $41.8 million in the same quarter last year. The decrease was primarily due to the previously announced impairment charges totaling $6.5 million, net of tax, related to the decision to dispose of all of its remaining aircraft leases. Table 3b summarizes the components of the impairment charges.

"Bank of Hawaii’s operating results were strong in the third quarter of 2015, excluding the one-time impact of the aircraft impairment charges," said Peter S. Ho, Chairman, President and CEO.  “Loan balances grew 3.5 percent from the previous quarter and average deposits grew 1.1 percent.  Asset quality continued to be strong during the quarter and our core expenses were well controlled.”
 
The return on average assets for the third quarter of 2015 was 0.89 percent, down from 1.10 percent in the previous quarter and 1.15 percent in the same quarter last year. The return on average equity for the third quarter of 2015 was 12.45 percent, down from 15.33 percent for the second quarter of 2015 and 15.57 percent in the third quarter of 2014. The efficiency ratio for the third quarter of 2015 was 65.12 percent compared with 58.16 percent in the previous quarter and 57.74 percent in the same quarter last year. Adjusted for the lease impairment charges, the return on average assets for the third quarter of 2015 was 1.06 percent, the return on average equity was 14.80 percent, and the efficiency ratio was 58.0 percent.

 
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Bank of Hawaii Corporation Third Quarter 2015 Financial Results     Page 2

For the nine-month period ended September 30, 2015, net income was $117.9 million, a decrease from net income of $121.9 million for the same period last year. Diluted earnings per share were $2.71 for the nine-month period in 2015 compared with diluted earnings per share of $2.75 for the same period in 2014. The 2015 year-to-date return on average assets was 1.05 percent compared with 1.15 percent for the same period in 2014. The 2015 year-to-date return on average equity was 14.62 percent compared with 15.53 percent for the nine months ended September 30, 2014. The efficiency ratio for the nine-month period ended September 30, 2015 was 60.47 percent compared with 58.88 percent for the same period last year. Adjusted for the lease impairment charges, the return on average assets for the nine-month period ended September 30, 2015 was 1.10 percent, the return on average equity was 15.42 percent, and the efficiency ratio was 58.15 percent.

Financial Highlights

Net interest income, on a taxable equivalent basis, for the third quarter of 2015 was $100.9 million, up slightly from net interest income of $100.8 million in the second quarter of 2015 and up from net interest income of $98.3 million in the third quarter of 2014. Net interest income for the nine-month period in 2015 was $301.4 million compared with net interest income of $291.6 million for the same period in 2014. Analyses of the changes in net interest income are included in Tables 8a, 8b, and 8c.

The net interest margin was 2.77 percent for the third quarter of 2015, a 4 basis point decrease from the net interest margin of 2.81 percent in the second quarter of 2015, and an 8 basis point decrease from the net interest margin of 2.85 percent in the third quarter of 2014. The net interest margin for the first nine months of 2015 was 2.79 percent compared with 2.86 percent for the same nine-month period last year.

The Company did not record a provision for credit losses during the nine-month period ended September 30, 2015. The first nine months of 2014 included a negative provision for credit losses of $4.9 million. The negative provision reflected continued strength of the credit risk profile, several large commercial loan recoveries, as well as a reduction of $2.7 million in the specific reserve related to one commercial client during the third quarter of 2014.

Noninterest income was $43.2 million in the third quarter of 2015, down from $45.9 million in the second quarter of 2015 and down from $45.0 million in the third quarter of 2014. Noninterest income in the third quarter of 2015 included a $1.0 million estimated loss on the pending sale of an aircraft lease. See Table 3b. Noninterest income in the third quarter of 2014 included a net gain of $1.9 million resulting from the sale of 23,000 Visa Class B shares. There were no sales of Visa Class B shares in the second or third quarters of 2015.  Noninterest income for the nine-months ended September 30, 2015 was $141.5 million compared with noninterest income of $134.2 million for the same period in 2014. The increase was primarily due to the timing of Visa Class B shares sales and an increase in mortgage banking income.

Noninterest expense was $91.9 million in the third quarter of 2015, up from $83.6 million in the previous quarter and up from $81.0 million in the same quarter last year. The increase was primarily due to a $9.5 million impairment of the residual values on aircraft in which the leases have expired. See Table 3b. Noninterest expense for the nine-months ended September 30, 2015 was $262.4 million, compared with noninterest expense of $245.7 million for the same period in 2014. The increase was primarily due to the impairment charges, higher separation expense, an increase in compensation related to higher business activity, and an increase in amortization expense related to our solar energy partnership investments. An analysis of noninterest expenses related to salaries and benefits is included in Table 9.

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Bank of Hawaii Corporation Third Quarter 2015 Financial Results              Page 3

The effective tax rate for the third quarter of 2015 was 30.37 percent compared with 31.56 percent in the previous quarter and 32.59 percent during the same quarter last year. Taxes for the third quarter of 2015 included a benefit of $4.0 million related to the aircraft impairment charges. See Table 3b. The effective tax rate for the nine-month period ended September 30, 2015 was 31.28 percent compared to 30.93 percent for the same period last year.

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

Asset Quality

The Company’s overall asset quality remained strong during the third quarter of 2015. Total non-performing assets were $29.5 million at September 30, 2015, flat with non-performing assets of $29.5 million at June 30, 2015 and down from non-performing assets of $33.3 million at September 30, 2014. As a percentage of total loans and leases and foreclosed real estate, non-performing assets were 0.38 percent at September 30, 2015, down from 0.40 percent at June 30, 2015 and 0.50 percent at September 30, 2014.
Accruing loans and leases past due 90 days or more were $8.1 million at September 30, 2015, down from $9.7 million at June 30, 2015 and $9.1 million at September 30, 2014. Restructured loans and leases not included in non-accrual loans or accruing loans past due 90 days or more were $49.5 million at September 30, 2015 compared with $48.3 million at June 30, 2015 and $45.2 million at September 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 loans and leases charged off during the third quarter of 2015 were $2.0 million or 0.10 percent annualized of total average loans and leases outstanding. Loan and lease charge-offs of $4.4 million during the quarter were partially offset by recoveries of $2.4 million. Net charge-offs during the second quarter of 2015 were $1.5 million or 0.08 percent annualized of total average loans and leases outstanding and were comprised of $3.5 million in charge-offs partially offset by recoveries of $2.0 million. Net charge-offs during the third quarter of 2014 were $0.8 million or 0.05 percent annualized of total average loans and leases outstanding and were comprised of $3.7 million in charge-offs partially offset by recoveries of $2.9 million. Net charge-offs in the nine-month period ended September 30, 2015 were $4.7 million, or 0.09 percent annualized of total average loans and leases outstanding compared with net charge-offs of $0.2 million, or 0.00 percent annualized of total average loans and leases outstanding for the same period in 2014.

The allowance for loan and lease losses was reduced to $104.0 million at September 30, 2015. The ratio of the allowance for loan and lease losses to total loans and leases outstanding was 1.35 percent at September 30, 2015, a decrease of 8 basis points from the previous quarter and commensurate with continued improvements in credit quality and the Hawaii economy. The reserve for unfunded commitments at September 30, 2015 was $6.1 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 Third Quarter 2015 Financial Results      Page 4

Other Financial Highlights

Total assets were $15.16 billion at September 30, 2015, down slightly from total assets of $15.25 billion at June 30, 2015 and up from $14.51 billion at September 30, 2014. Average total assets were $15.22 billion during the third quarter of 2015, up from $15.04 billion during the previous quarter and $14.37 billion during the same quarter last year.

The investment securities portfolio was $6.40 billion at September 30, 2015, down from $6.47 billion at June 30, 2015 and $6.78 billion at September 30, 2014. The portfolio remains largely comprised of securities issued by U. S. government agencies and included $4.12 billion in securities held to maturity and $2.28 billion in securities available for sale at September 30, 2015. 

Total loans and leases increased to $7.69 billion at September 30, 2015, up from $7.43 billion at June 30, 2015 and $6.61 billion at September 30, 2014. Average total loans and leases were $7.55 billion during the third quarter of 2015, up from $7.30 billion during the second quarter of 2015 and $6.49 billion during the same quarter last year. The commercial loan portfolio increased to $3.12 billion at the end of the quarter, up from commercial loans of $3.04 billion at the end of the previous quarter, and up from $2.73 billion at the end of the same quarter last year. Total consumer loans increased to $4.57 billion at the end of the third quarter of 2015, up from $4.39 billion at the end of the second quarter of 2015, and up from $3.88 billion at the end of the third quarter of 2014. Loan and lease portfolio balances are summarized in Table 10.

Total deposits were $12.94 billion at September 30, 2015, down from $13.09 billion at June 30, 2015, and up from $12.36 billion at September 30, 2014. Average total deposits were $13.01 billion during the third quarter of 2015, up from $12.86 billion during the previous quarter and $12.20 billion during the same quarter last year.

During the third quarter of 2015, the Company repurchased 226.0 thousand shares of common stock at a total cost of $14.5 million under its share repurchase program. The average cost was $64.25 per share repurchased. From the beginning of the share repurchase program initiated during July 2001 through September 30, 2015, the Company has repurchased 52.6 million shares and returned $2.0 billion to shareholders at an average cost of $37.24 per share. Remaining buyback authority under the share repurchase program was $36.9 million at September 30, 2015. From October 1 through October 23, 2015, the Company repurchased an additional 63.0 thousand shares of common stock at an average cost of $64.47 per share.

Total shareholders’ equity was $1.10 billion at September 30, 2015, compared with $1.08 billion at June 30, 2015, and $1.06 billion at September 30, 2014. The Tier 1 Capital Ratio was 14.11 percent at the end of the third quarter of 2015 compared with 14.47 percent at the end of the second quarter of 2015 and 15.32 percent at the end of the same quarter last year. The Tier 1 leverage ratio at September 30, 2015 was 7.18 percent compared with 7.21 percent at June 30, 2015 and 7.19 percent at September 30, 2014.

The Company’s Board of Directors declared a quarterly cash dividend of $0.45 per share on the Company’s outstanding shares. The dividend will be payable on December 14, 2015 to shareholders of record at the close of business on November 30, 2015.

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Bank of Hawaii Corporation Third Quarter 2015 Financial Results      Page 5

Hawaii Economy

General economic conditions in Hawaii continued to remain positive during the third quarter of 2015 due to an active construction industry, stable tourism, low unemployment, and a strong real estate market.  For the first eight months of 2015, total visitor spending increased 3.1 percent and total visitor arrivals increased 4.1 percent compared to the same period in 2014.  The statewide seasonally-adjusted unemployment rate was 3.4 percent in September 2015 compared to 5.1 percent nationally.  For the first nine months of 2015, the volume of single-family home sales on Oahu increased 4.9 percent and the volume of condominium sales on Oahu increased 5.1 percent compared with the same period in 2014.  The median price of single-family homes on Oahu increased 4.0 percent and the median price of condominiums on Oahu increased 1.4 percent for the first nine months of 2015 compared to the same nine-month period in 2014.  As of September 30, 2015, months of inventory of single-family homes and condominiums on Oahu remained low at 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 third 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 . 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, October 26, 2015. The replay number is 1 (855) 859-2056 in the United States and 1 (404) 537-3406 from international locations. In addition to the toll-free numbers listed above, participants can also call 1 (800) 585-8367 to access the replay. Enter the pass code 56039793 when prompted. A replay will also 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, 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	 	Nine Months Ended	 	
 	September 30,	 	June 30,	 	September 30,	 	September 30,	 	
(dollars in thousands, except per share amounts)	2015	 	2015	 	2014	 	2015	 	2014	 	
For the Period:	 	 	 	 	 	 	 	 	 	 	
Operating Results	 	 	 	 	 	 	 	 	 	 	
Net Interest Income	$	97,891	
 	 	$	97,782	
 	 	$	95,379	
 	 	$	292,443	
 	 	$	283,024	
 	 	
Provision for Credit Losses	—	
 	 	—	
 	 	(2,665	)	 	—	
 	 	(4,864	)	 	
Total Noninterest Income	43,221	
 	 	45,925	
 	 	44,950	
 	 	141,453	
 	 	134,199	
 	 	
Total Noninterest Expense	91,888	
 	 	83,574	
 	 	81,030	
 	 	262,377	
 	 	245,659	
 	 	
Net Income	34,276	
 	 	41,154	
 	 	41,769	
 	 	117,872	
 	 	121,851	
 	 	
Basic Earnings Per Share	0.79	
 	 	0.95	
 	 	0.95	
 	 	2.72	
 	 	2.77	
 	 	
Diluted Earnings Per Share	0.79	
 	 	0.95	
 	 	0.95	
 	 	2.71	
 	 	2.75	
 	 	
Dividends Declared Per Share	0.45	
 	 	0.45	
 	 	0.45	
 	 	1.35	
 	 	1.35	

Performance Ratios	 	 	 	 	 	 	 	 	 	 	
Return on Average Assets	0.89	
 	%	1.10	
 	%	1.15	
 	%	1.05	
 	%	1.15	
 	%	
Return on Average Shareholders' Equity	12.45	
 	 	15.33	
 	 	15.57	
 	 	14.62	
 	 	15.53	
 	 	
Efficiency Ratio 1	65.12	
 	 	58.16	
 	 	57.74	
 	 	60.47	
 	 	58.88	
 	 	
Net Interest Margin 2	2.77	
 	 	2.81	
 	 	2.85	
 	 	2.79	
 	 	2.86	
 	 	
Dividend Payout Ratio 3	56.96	
 	 	47.37	
 	 	47.37	
 	 	49.63	
 	 	48.74	
 	 	
Average Shareholders' Equity to Average Assets	7.18	
 	 	7.16	
 	 	7.41	
 	 	7.15	
 	 	7.38	

Average Balances	 	 	 	 	 	 	 	 	 	 	
Average Loans and Leases	$	7,545,985	
 	 	$	7,300,506	
 	 	$	6,488,780	
 	 	$	7,301,656	
 	 	$	6,290,548	
 	 	
Average Assets	15,220,660	
 	 	15,038,500	
 	 	14,372,375	
 	 	15,069,405	
 	 	14,221,143	
 	 	
Average Deposits	13,008,890	
 	 	12,863,274	
 	 	12,200,654	
 	 	12,887,019	
 	 	12,016,485	
 	 	
Average Shareholders' Equity	1,092,592	
 	 	1,076,467	
 	 	1,064,589	
 	 	1,077,828	
 	 	1,048,924	

Per Share of Common Stock	 	 	 	 	 	 	 	 	 	 	
Book Value	$	25.34	
 	 	$	24.88	
 	 	$	24.04	
 	 	$	25.34	
 	 	$	24.04	
 	 	
Tangible Book Value	24.61	
 	 	24.15	
 	 	23.32	
 	 	24.61	
 	 	23.32	
 	 	
Market Value	 	 	 	 	 	 	 	 	 	 	
   Closing	63.49	
 	 	66.68	
 	 	56.81	
 	 	63.49	
 	 	56.81	
 	 	
   High	69.00	
 	 	68.10	
 	 	60.75	
 	 	69.00	
 	 	61.73	
 	 	
   Low	58.53	
 	 	58.70	
 	 	55.55	
 	 	53.90	
 	 	53.45	

 	 	 	September 30,	
 	 	June 30,	
 	 	December 31,	
 	 	September 30,	
 	 	
 	 	 	2015	
 	 	2015	
 	 	2014	
 	 	2014	
 	 	
As of Period End:	 	 	 	 	 	 	 	 	 	 	
Balance Sheet Totals	 	 	 	 	 	 	 	 	 	 	
Loans and Leases	 	 	$	7,689,772	
 	 	$	7,428,438	
 	 	$	6,897,589	
 	 	$	6,606,350	
 	 	
Total Assets	 	 	15,164,123	
 	 	15,248,043	
 	 	14,787,208	
 	 	14,510,166	
 	 	
Total Deposits	 	 	12,936,962	
 	 	13,090,695	
 	 	12,633,089	
 	 	12,361,441	
 	 	
Other Debt	 	 	270,801	
 	 	170,816	
 	 	173,912	
 	 	173,926	
 	 	
Total Shareholders' Equity	 	 	1,098,354	
 	 	1,082,939	
 	 	1,055,086	
 	 	1,057,413	

Asset Quality	 	 	 	 	 	 	 	 	 	 	
Non-Performing Assets	 	 	$	29,545	
 	 	$	29,450	
 	 	$	30,082	
 	 	$	33,307	
 	 	
Allowance for Loan and Lease Losses	 	 	104,038	
 	 	106,006	
 	 	108,688	
 	 	110,362	
 	 	
Allowance to Loans and Leases Outstanding	 	 	1.35	
 	%	1.43	
 	%	1.58	
 	%	1.67	
 	%	
 	 	 	 	 	 	 	 	 	 	 	
Capital Ratios	 	 	 	 	 	 	 	 	 	 	
Common Equity Tier 1 Capital Ratio 4	 	 	14.11	
 	%	14.47	
 	%	 n/a	
 	 	 n/a	
 	 	
Tier 1 Capital Ratio 4	 	 	14.11	
 	 	14.47	
 	 	14.69	
 	%	15.32	
 	%	
Total Capital Ratio 4	 	 	15.37	
 	 	15.72	
 	 	15.94	
 	 	16.57	
 	 	
Tier 1 Leverage Ratio 4	 	 	7.18	
 	 	7.21	
 	 	7.13	
 	 	7.19	
 	 	
Total Shareholders' Equity to Total Assets	 	 	7.24	
 	 	7.10	
 	 	7.14	
 	 	7.29	
 	 	
Tangible Common Equity to Tangible Assets 5	 	 	7.05	
 	 	6.91	
 	 	6.94	
 	 	7.09	
 	 	
Tangible Common Equity to Risk-Weighted Assets  4, 5	 	 	13.78	
 	 	14.03	
 	 	14.46	
 	 	15.23	

Non-Financial Data	 	 	 	 	 	 	 	 	 	 	
Full-Time Equivalent Employees	 	 	2,154	
 	 	2,166	
 	 	2,161	
 	 	2,170	
 	 	
Branches	 	 	72	
 	 	71	
 	 	74	
 	 	74	
 	 	
ATMs	 	 	455	
 	 	455	
 	 	459	
 	 	459	

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 September 30, 2015 and June 30, 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	
 	
 	 	September 30,	
 	 	June 30,	
 	 	December 31,	
 	 	September 30,	
 	
(dollars in thousands)	2015	
 	 	2015	
 	 	2014	
 	 	2014	
 	
Total Shareholders' Equity	$	1,098,354	
 	 	$	1,082,939	
 	 	$	1,055,086	
 	 	$	1,057,413	
 	
Less:	Goodwill	31,517	
 	 	31,517	
 	 	31,517	
 	 	31,517	
 	
Tangible Common Equity	$	1,066,837	
 	 	$	1,051,422	
 	 	$	1,023,569	
 	 	$	1,025,896	

Total Assets	$	15,164,123	
 	 	$	15,248,043	
 	 	$	14,787,208	
 	 	$	14,510,166	
 	
Less:	Goodwill	31,517	
 	 	31,517	
 	 	31,517	
 	 	31,517	
 	
Tangible Assets	$	15,132,606	
 	 	$	15,216,526	
 	 	$	14,755,691	
 	 	$	14,478,649	

Risk-Weighted Assets, determined in accordance	 	 	 	 	 	 	 	
 	with prescribed regulatory requirements 1	$	7,740,028	
 	 	$	7,495,744	
 	 	$	7,077,035	
 	 	$	6,737,853	

Total Shareholders' Equity to Total Assets	7.24	%	 	7.10	%	 	7.14	%	 	7.29	%	
Tangible Common Equity to Tangible Assets (Non-GAAP)	7.05	%	 	6.91	%	 	6.94	%	 	7.09	%	
 	 	 	 	 	 	 	 	 	
Tier 1 Capital Ratio 1	14.11	%	 	14.47	%	 	14.69	%	 	15.32	%	
Tangible Common Equity to Risk-Weighted Assets (Non-GAAP)  1	13.78	%	 	14.03	%	 	14.46	%	 	15.23	%	

1  Risk-weighted assets and capital ratios were calculated under Basel III rules, which became effective January 1, 2015.	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	
Consolidated Statements of Income	 	 	 	Table 3a	
 	
 	Three Months Ended	 	Nine Months Ended	
 	September 30,	June 30,	September 30,	 	September 30,	
(dollars in thousands, except per share amounts)	2015	2015	2014	 	2015	2014	
Interest Income	 	 	 	 	 	 	
   Interest and Fees on Loans and Leases	$	75,874	
 	$	73,565	
 	$	68,089	
 	 	$	220,400	
 	$	197,433	
 	
   Income on Investment Securities	 	 	 	 	 	 	
      Available-for-Sale	10,192	
 	10,273	
 	10,286	
 	 	30,663	
 	31,743	
 	
      Held-to-Maturity	20,689	
 	22,832	
 	26,067	
 	 	67,928	
 	80,894	
 	
   Deposits	2	
 	2	
 	3	
 	 	7	
 	7	
 	
   Funds Sold	291	
 	268	
 	176	
 	 	818	
 	481	
 	
   Other	312	
 	310	
 	302	
 	 	924	
 	906	
 	
Total Interest Income	107,360	
 	107,250	
 	104,923	
 	 	320,740	
 	311,464	
 	
Interest Expense	 	 	 	 	 	 	
   Deposits	2,410	
 	2,405	
 	2,391	
 	 	7,183	
 	7,142	
 	
   Securities Sold Under Agreements to Repurchase	6,307	
 	6,440	
 	6,523	
 	 	19,118	
 	19,385	
 	
   Funds Purchased	3	
 	3	
 	3	
 	 	9	
 	10	
 	
   Other Debt	749	
 	620	
 	627	
 	 	1,987	
 	1,903	
 	
Total Interest Expense	9,469	
 	9,468	
 	9,544	
 	 	28,297	
 	28,440	
 	
Net Interest Income	97,891	
 	97,782	
 	95,379	
 	 	292,443	
 	283,024	
 	
Provision for Credit Losses	—	
 	—	
 	(2,665	)	 	—	
 	(4,864	)	
Net Interest Income After Provision for Credit Losses	97,891	
 	97,782	
 	98,044	
 	 	292,443	
 	287,888	
 	
Noninterest Income	 	 	 	 	 	 	
   Trust and Asset Management	11,907	
 	12,355	
 	11,716	
 	 	36,442	
 	35,573	
 	
   Mortgage Banking	3,291	
 	3,469	
 	1,646	
 	 	8,453	
 	5,455	
 	
   Service Charges on Deposit Accounts	8,669	
 	8,203	
 	9,095	
 	 	25,409	
 	26,611	
 	
   Fees, Exchange, and Other Service Charges	13,340	
 	13,352	
 	13,390	
 	 	39,589	
 	39,699	
 	
   Investment Securities Gains, Net	24	
 	86	
 	1,858	
 	 	10,341	
 	6,097	
 	
   Annuity and Insurance	1,721	
 	1,885	
 	2,348	
 	 	5,650	
 	6,401	
 	
   Bank-Owned Life Insurance	1,609	
 	2,088	
 	1,644	
 	 	5,431	
 	4,765	
 	
   Other	2,660	
 	4,487	
 	3,253	
 	 	10,138	
 	9,598	
 	
Total Noninterest Income	43,221	
 	45,925	
 	44,950	
 	 	141,453	
 	134,199	
 	
Noninterest Expense	 	 	 	 	 	 	
   Salaries and Benefits	46,576	
 	47,610	
 	45,530	
 	 	143,966	
 	137,508	
 	
   Net Occupancy	7,403	
 	8,605	
 	9,334	
 	 	25,341	
 	28,005	
 	
   Net Equipment	4,804	
 	4,826	
 	4,473	
 	 	14,918	
 	13,745	
 	
   Data Processing	3,920	
 	3,673	
 	3,665	
 	 	11,366	
 	11,156	
 	
   Professional Fees	2,258	
 	2,265	
 	1,835	
 	 	6,857	
 	6,708	
 	
   FDIC Insurance	2,139	
 	2,068	
 	1,750	
 	 	6,347	
 	5,881	
 	
   Other	24,788	
 	14,527	
 	14,443	
 	 	53,582	
 	42,656	
 	
Total Noninterest Expense	91,888	
 	83,574	
 	81,030	
 	 	262,377	
 	245,659	
 	
Income Before Provision for Income Taxes	49,224	
 	60,133	
 	61,964	
 	 	171,519	
 	176,428	
 	
Provision for Income Taxes	14,948	
 	18,979	
 	20,195	
 	 	53,647	
 	54,577	
 	
Net Income	$	34,276	
 	$	41,154	
 	$	41,769	
 	 	$	117,872	
 	$	121,851	
 	
Basic Earnings Per Share	$	0.79	
 	$	0.95	
 	$	0.95	
 	 	$	2.72	
 	$	2.77	
 	
Diluted Earnings Per Share	$	0.79	
 	$	0.95	
 	$	0.95	
 	 	$	2.71	
 	$	2.75	
 	
Dividends Declared Per Share	$	0.45	
 	$	0.45	
 	$	0.45	
 	 	$	1.35	
 	$	1.35	
 	
Basic Weighted Average Shares	43,181,233	
 	43,305,813	
 	43,859,396	
 	 	43,290,137	
 	44,034,047	
 	
Diluted Weighted Average Shares	43,427,730	
 	43,518,349	
 	44,088,553	
 	 	43,514,898	
 	44,250,033	

 	
 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	
Aircraft Impairment	Table 3b	
 	
 	Three Months Ended	
 	September 30,	
(dollars in thousands)	2015	
Noninterest Income	 	
   Estimated Loss on Pending Sale of Aircraft Lease	$	(1,019	)	
Noninterest Expense	 	
   Estimated Impairment of Residual Value on Aircraft in which Leases have Matured	9,453	
 	
Loss Before Income Tax Benefit	(10,472	)	
Income Tax Benefit	3,999	
 	
Impact on Net Income	$	(6,473	)	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	
Consolidated Statements of Comprehensive Income	 	 	 	 	Table 4	
 	
 	 	Three Months Ended	 	Nine Months Ended	
 	 	September 30,	June 30,	September 30,	 	September 30,	
(dollars in thousands)	2015	2015	2014	 	2015	2014	
Net Income	$	34,276	
 	$	41,154	
 	$	41,769	
 	 	$	117,872	
 	$	121,851	
 	
Other Comprehensive Income (Loss), Net of Tax:	 	 	 	 	 	 	
 	Net Unrealized Gains (Losses) on Investment Securities	7,051	
 	(7,610	)	403	
 	 	4,735	
 	15,291	
 	
 	Defined Benefit Plans	219	
 	220	
 	157	
 	 	659	
 	469	
 	
Total Other Comprehensive Income (Loss)	7,270	
 	(7,390	)	560	
 	 	5,394	
 	15,760	
 	
Comprehensive Income	$	41,546	
 	$	33,764	
 	$	42,329	
 	 	$	123,266	
 	$	137,611	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	
Consolidated Statements of Condition	 	 	 	Table 5	
 	
 	September 30,	
 	June 30,	
 	December 31,	
 	September 30,	
 	
(dollars in thousands)	2015	
 	2015	
 	2014	
 	2014	
 	
Assets	 	 	 	 	
Interest-Bearing Deposits in Other Banks	$	3,609	
 	$	3,420	
 	$	2,873	
 	$	3,883	
 	
Funds Sold	274,873	
 	602,598	
 	360,577	
 	377,303	
 	
Investment Securities	 	 	 	 	
   Available-for-Sale	2,279,722	
 	2,275,361	
 	2,289,190	
 	2,220,913	
 	
   Held-to-Maturity (Fair Value of $4,181,613; $4,240,732; $4,504,495; and $4,576,396)	4,121,768	
 	4,199,121	
 	4,466,679	
 	4,557,614	
 	
Loans Held for Sale	3,222	
 	18,483	
 	5,136	
 	2,382	
 	
Loans and Leases	7,689,772	
 	7,428,438	
 	6,897,589	
 	6,606,350	
 	
   Allowance for Loan and Lease Losses	(104,038	)	(106,006	)	(108,688	)	(110,362	)	
     Net Loans and Leases	7,585,734	
 	7,322,432	
 	6,788,901	
 	6,495,988	
 	
Total Earning Assets	14,268,928	
 	14,421,415	
 	13,913,356	
 	13,658,083	
 	
Cash and Due from Banks	208,601	
 	150,874	
 	172,126	
 	172,386	
 	
Premises and Equipment, Net	108,987	
 	108,439	
 	109,854	
 	107,560	
 	
Accrued Interest Receivable	47,512	
 	44,475	
 	44,654	
 	46,641	
 	
Foreclosed Real Estate	1,392	
 	1,989	
 	2,311	
 	3,562	
 	
Mortgage Servicing Rights	23,301	
 	23,426	
 	24,695	
 	25,559	
 	
Goodwill	31,517	
 	31,517	
 	31,517	
 	31,517	
 	
Bank-Owned Life Insurance	266,568	
 	265,133	
 	262,807	
 	261,862	
 	
Other Assets	207,317	
 	200,775	
 	225,888	
 	202,996	
 	
Total Assets	$	15,164,123	
 	$	15,248,043	
 	$	14,787,208	
 	$	14,510,166	

Liabilities	 	 	 	 	
Deposits	 	 	 	 	
   Noninterest-Bearing Demand	$	4,102,713	
 	$	4,156,847	
 	$	3,832,943	
 	$	3,824,544	
 	
   Interest-Bearing Demand	2,631,542	
 	2,699,517	
 	2,559,570	
 	2,369,434	
 	
   Savings	5,016,462	
 	5,044,711	
 	4,806,575	
 	4,738,364	
 	
   Time	1,186,245	
 	1,189,620	
 	1,434,001	
 	1,429,099	
 	
Total Deposits	12,936,962	
 	13,090,695	
 	12,633,089	
 	12,361,441	
 	
Funds Purchased	8,459	
 	8,459	
 	8,459	
 	8,459	
 	
Securities Sold Under Agreements to Repurchase	632,138	
 	672,310	
 	688,601	
 	700,203	
 	
Other Debt	270,801	
 	170,816	
 	173,912	
 	173,926	
 	
Retirement Benefits Payable	54,978	
 	55,181	
 	55,477	
 	35,152	
 	
Accrued Interest Payable	5,869	
 	5,254	
 	5,148	
 	6,086	
 	
Taxes Payable and Deferred Taxes	25,294	
 	26,244	
 	27,777	
 	42,468	
 	
Other Liabilities	131,268	
 	136,145	
 	139,659	
 	125,018	
 	
Total Liabilities	14,065,769	
 	14,165,104	
 	13,732,122	
 	13,452,753	
 	
Shareholders' Equity	 	 	 	 	
Common Stock ($.01 par value; authorized 500,000,000 shares;	 	 	 	 	
   issued / outstanding: September 30, 2015 - 57,749,071 / 43,342,940;	 	 	 	 	
   June 30, 2015 - 57,745,324 / 43,535,020; December 31, 2014 - 57,634,755 / 43,724,208;	 	 	 	 	
   and September 30, 2014 - 57,633,855 / 43,993,729)	575	
 	575	
 	574	
 	573	
 	
Capital Surplus	539,112	
 	536,782	
 	531,932	
 	529,530	
 	
Accumulated Other Comprehensive Loss	(21,292	)	(28,562	)	(26,686	)	(16,063	)	
Retained Earnings	1,293,416	
 	1,278,672	
 	1,234,801	
 	1,213,339	
 	
Treasury Stock, at Cost (Shares: September 30, 2015 - 14,406,131; June 30, 2015 - 14,210,304;	 	 	 	 	
    December 31, 2014 - 13,910,547; and September 30, 2014 - 13,640,126)	(713,457	)	(704,528	)	(685,535	)	(669,966	)	
Total Shareholders' Equity	1,098,354	
 	1,082,939	
 	1,055,086	
 	1,057,413	
 	
Total Liabilities and Shareholders' Equity	$	15,164,123	
 	$	15,248,043	
 	$	14,787,208	
 	$	14,510,166	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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	—	
 	—	
 	—	
 	—	
 	117,872	
 	—	
 	117,872	
 	
Other Comprehensive Income	—	
 	—	
 	—	
 	5,394	
 	—	
 	—	
 	5,394	
 	
Share-Based Compensation	—	
 	—	
 	5,698	
 	—	
 	—	
 	—	
 	5,698	
 	
Common Stock Issued under Purchase and Equity	 	 	 	 	 	 	 	
 	Compensation Plans and Related Tax Benefits	246,851	
 	1	
 	1,482	
 	—	
 	(376	)	11,011	
 	12,118	
 	
Common Stock Repurchased	(628,119	)	—	
 	—	
 	—	
 	—	
 	(38,933	)	(38,933	)	
Cash Dividends Declared ($1.35 per share)	—	
 	—	
 	—	
 	—	
 	(58,881	)	—	
 	(58,881	)	
Balance as of September 30, 2015	43,342,940	
 	$	575	
 	$	539,112	
 	$	(21,292	)	$	1,293,416	
 	$	(713,457	)	$	1,098,354	

Balance as of December 31, 2013	44,490,385	
 	$	572	
 	$	522,505	
 	$	(31,823	)	$	1,151,754	
 	$	(631,032	)	$	1,011,976	
 	
Net Income	—	
 	—	
 	—	
 	—	
 	121,851	
 	—	
 	121,851	
 	
Other Comprehensive Income	—	
 	—	
 	—	
 	15,760	
 	—	
 	—	
 	15,760	
 	
Share-Based Compensation	—	
 	—	
 	5,831	
 	—	
 	—	
 	—	
 	5,831	
 	
Common Stock Issued under Purchase and Equity	 	 	 	 	 	 	 	
 	Compensation Plans and Related Tax Benefits	314,579	
 	1	
 	1,194	
 	—	
 	(318	)	7,976	
 	8,853	
 	
Common Stock Repurchased	(811,235	)	—	
 	—	
 	—	
 	—	
 	(46,910	)	(46,910	)	
Cash Dividends Declared ($1.35 per share)	—	
 	—	
 	—	
 	—	
 	(59,948	)	—	
 	(59,948	)	
Balance as of September 30, 2014	43,993,729	
 	$	573	
 	$	529,530	
 	$	(16,063	)	$	1,213,339	
 	$	(669,966	)	$	1,057,413	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	 	 	 	 	
Average Balances and Interest Rates - Taxable-Equivalent Basis	 	 	 	 	Table 7a	 	 	
 	 	Three Months Ended	 	Three Months Ended	 	Three Months Ended	 	
 	 	September 30, 2015	 	June 30, 2015	 	September 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	$	3.4	
 	$	—	
 	0.22	
 	%	$	3.5	
 	$	—	
 	0.17	
 	%	$	4.1	
 	$	—	
 	0.24	
 	%	
Funds Sold	508.2	
 	0.3	
 	0.22	
 	 	473.5	
 	0.3	
 	0.22	
 	 	326.2	
 	0.2	
 	0.21	
 	 	
Investment Securities	 	 	 	 	 	 	 	 	 	 	 	 	
 	Available-for-Sale	 	 	 	 	 	 	 	 	 	 	 	 	
 	   Taxable	1,524.4	
 	6.5	
 	1.69	
 	 	1,558.6	
 	6.5	
 	1.68	
 	 	1,508.0	
 	6.6	
 	1.75	
 	 	
 	   Non-Taxable	719.4	
 	5.8	
 	3.19	
 	 	725.8	
 	5.8	
 	3.17	
 	 	704.0	
 	5.7	
 	3.22	
 	 	
 	Held-to-Maturity	 	 	 	 	 	 	 	 	 	 	 	 	
 	   Taxable	3,953.3	
 	19.1	
 	1.93	
 	 	4,006.4	
 	21.3	
 	2.12	
 	 	4,390.2	
 	24.4	
 	2.23	
 	 	
 	   Non-Taxable	247.3	
 	2.4	
 	3.93	
 	 	248.2	
 	2.4	
 	3.93	
 	 	250.9	
 	2.5	
 	3.95	
 	 	
Total Investment Securities	6,444.4	
 	33.8	
 	2.09	
 	 	6,539.0	
 	36.0	
 	2.20	
 	 	6,853.1	
 	39.2	
 	2.29	
 	 	
Loans Held for Sale	13.4	
 	0.1	
 	3.82	
 	 	11.1	
 	0.1	
 	3.66	
 	 	2.0	
 	—	
 	4.03	
 	 	
Loans and Leases 1	 	 	 	 	 	 	 	 	 	 	 	 	
 	Commercial and Industrial	1,166.7	
 	9.3	
 	3.15	
 	 	1,156.3	
 	9.1	
 	3.16	
 	 	980.8	
 	8.9	
 	3.61	
 	 	
 	Commercial Mortgage	1,568.2	
 	15	
 	3.79	
 	 	1,499.7	
 	14.4	
 	3.85	
 	 	1,350.6	
 	13.3	
 	3.89	
 	 	
 	Construction	124.5	
 	1.5	
 	4.93	
 	 	126.0	
 	1.5	
 	4.85	
 	 	126.2	
 	1.3	
 	4.20	
 	 	
 	Commercial Lease Financing	216.2	
 	1.9	
 	3.50	
 	 	225.1	
 	2.0	
 	3.47	
 	 	235.1	
 	2.0	
 	3.33	
 	 	
 	Residential Mortgage	2,832.4	
 	28.8	
 	4.07	
 	 	2,736.2	
 	28.3	
 	4.14	
 	 	2,396.7	
 	25.3	
 	4.22	
 	 	
 	Home Equity	961.3	
 	8.6	
 	3.58	
 	 	906.8	
 	8.1	
 	3.60	
 	 	823.3	
 	8.1	
 	3.92	
 	 	
 	Automobile	359.2	
 	4.7	
 	5.18	
 	 	344.4	
 	4.5	
 	5.20	
 	 	296.6	
 	4.0	
 	5.29	
 	 	
 	Other 2	317.5	
 	6.1	
 	7.60	
 	 	306.0	
 	5.7	
 	7.51	
 	 	279.5	
 	5.2	
 	7.45	
 	 	
Total Loans and Leases	7,546.0	
 	75.9	
 	4.00	
 	 	7,300.5	
 	73.6	
 	4.04	
 	 	6,488.8	
 	68.1	
 	4.18	
 	 	
Other	37.5	
 	0.3	
 	3.33	
 	 	51.6	
 	0.3	
 	2.40	
 	 	71.4	
 	0.3	
 	1.69	
 	 	
Total Earning Assets 3	14,552.9	
 	110.4	
 	3.02	
 	 	14,379.2	
 	110.3	
 	3.07	
 	 	13,745.6	
 	107.8	
 	3.13	
 	 	
Cash and Due from Banks	131.6	
 	 	 	 	125.8	
 	 	 	 	152.4	
 	 	 	 	
Other Assets	536.2	
 	 	 	 	533.5	
 	 	 	 	474.4	
 	 	 	 	
Total Assets	$	15,220.7	
 	 	 	 	$	15,038.5	
 	 	 	 	$	14,372.4	

Interest-Bearing Liabilities	 	 	 	 	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits	 	 	 	 	 	 	 	 	 	 	 	 	
 	Demand	$	2,622.4	
 	0.2	
 	0.03	
 	 	$	2,611.9	
 	0.2	
 	0.03	
 	 	$	2,417.4	
 	0.2	
 	0.03	
 	 	
 	Savings	5,067.8	
 	1.1	
 	0.09	
 	 	5,023.5	
 	1.1	
 	0.09	
 	 	4,591.4	
 	1.0	
 	0.09	
 	 	
 	Time	1,201.3	
 	1.1	
 	0.36	
 	 	1,256.6	
 	1.1	
 	0.35	
 	 	1,440.1	
 	1.2	
 	0.34	
 	 	
Total Interest-Bearing Deposits	8,891.5	
 	2.4	
 	0.11	
 	 	8,892.0	
 	2.4	
 	0.11	
 	 	8,448.9	
 	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	643.3	
 	6.3	
 	3.84	
 	 	672.2	
 	6.5	
 	3.79	
 	 	715.6	
 	6.5	
 	3.57	
 	 	
Other Debt	223.2	
 	0.8	
 	1.34	
 	 	173.9	
 	0.6	
 	1.43	
 	 	173.8	
 	0.6	
 	1.44	
 	 	
Total Interest-Bearing Liabilities	9,766.5	
 	9.5	
 	0.38	
 	 	9,746.6	
 	9.5	
 	0.39	
 	 	9,347.6	
 	9.5	
 	0.40	
 	 	
Net Interest Income	 	$	100.9	
 	 	 	 	$	100.8	
 	 	 	 	$	98.3	
 	 	 	
 	Interest Rate Spread	 	 	2.64	
 	%	 	 	2.68	
 	%	 	 	2.73	
 	%	
 	Net Interest Margin	 	 	2.77	
 	%	 	 	2.81	
 	%	 	 	2.85	
 	%	
Noninterest-Bearing Demand Deposits	4,117.4	
 	 	 	 	3,971.3	
 	 	 	 	3,751.8	
 	 	 	 	
Other Liabilities	244.2	
 	 	 	 	244.1	
 	 	 	 	208.4	
 	 	 	 	
Shareholders' Equity	1,092.6	
 	 	 	 	1,076.5	
 	 	 	 	1,064.6	
 	 	 	 	
Total Liabilities and Shareholders' Equity	$	15,220.7	
 	 	 	 	$	15,038.5	
 	 	 	 	$	14,372.4	

 	 	 	 	 	 	 	 	 	 	 	 	 	 	
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 $3,035,000, $3,008,000 and $2,873,000 for the three months ended	 	
 	September 30, 2015, June 30, 2015, and September 30, 2014, respectively.	 	 	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	
Average Balances and Interest Rates - Taxable-Equivalent Basis	 	 	 	Table 7b	
 	 	
 	 	Nine Months Ended	 	Nine Months Ended	 	
 	 	September 30, 2015	 	September 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	$	3.3	
 	$	—	
 	0.27	
 	%	$	4.6	
 	$	—	
 	0.20	
 	%	
Funds Sold	488.8	
 	0.8	
 	0.22	
 	 	301.9	
 	0.5	
 	0.21	
 	 	
Investment Securities	 	 	 	 	 	 	 	 	
 	Available-for-Sale	 	 	 	 	 	 	 	 	
 	   Taxable	1,547.8	
 	19.5	
 	1.68	
 	 	1,527.2	
 	20.7	
 	1.81	
 	 	
 	   Non-Taxable	722.8	
 	17.2	
 	3.18	
 	 	694.4	
 	16.9	
 	3.24	
 	 	
 	Held-to-Maturity	 	 	 	 	 	 	 	 	
 	   Taxable	4,032.8	
 	63.2	
 	2.09	
 	 	4,465.2	
 	76.0	
 	2.27	
 	 	
 	   Non-Taxable	248.2	
 	7.3	
 	3.93	
 	 	251.7	
 	7.5	
 	3.96	
 	 	
Total Investment Securities	6,551.6	
 	107.2	
 	2.18	
 	 	6,938.5	
 	121.1	
 	2.33	
 	 	
Loans Held for Sale	9.2	
 	0.3	
 	3.72	
 	 	3.3	
 	0.1	
 	4.43	
 	 	
Loans and Leases 1	 	 	 	 	 	 	 	 	
 	Commercial and Industrial	1,151.3	
 	27.2	
 	3.16	
 	 	951.8	
 	24.8	
 	3.48	
 	 	
 	Commercial Mortgage	1,506.3	
 	43.0	
 	3.82	
 	 	1,301.3	
 	38.6	
 	3.97	
 	 	
 	Construction	118.2	
 	4.2	
 	4.75	
 	 	109.0	
 	3.6	
 	4.35	
 	 	
 	Commercial Lease Financing	222.4	
 	5.8	
 	3.46	
 	 	240.6	
 	5.1	
 	2.81	
 	 	
 	Residential Mortgage	2,734.0	
 	84.6	
 	4.13	
 	 	2,336.1	
 	75.1	
 	4.29	
 	 	
 	Home Equity	915.8	
 	24.9	
 	3.63	
 	 	803.8	
 	23.7	
 	3.94	
 	 	
 	Automobile	345.1	
 	13.5	
 	5.21	
 	 	280.3	
 	11.2	
 	5.33	
 	 	
 	Other 2	308.6	
 	17.3	
 	7.49	
 	 	267.6	
 	15.3	
 	7.66	
 	 	
Total Loans and Leases	7,301.7	
 	220.5	
 	4.03	
 	 	6,290.5	
 	197.4	
 	4.19	
 	 	
Other	51.6	
 	0.9	
 	2.39	
 	 	74.1	
 	0.9	
 	1.63	
 	 	
Total Earning Assets 3	14,406.2	
 	329.7	
 	3.05	
 	 	13,612.9	
 	320.0	
 	3.14	
 	 	
Cash and Due from Banks	131.3	
 	 	 	 	144.5	
 	 	 	 	
Other Assets	531.9	
 	 	 	 	463.7	
 	 	 	 	
Total Assets	$	15,069.4	
 	 	 	 	$	14,221.1	

Interest-Bearing Liabilities	 	 	 	 	 	 	 	 	
Interest-Bearing Deposits	 	 	 	 	 	 	 	 	
 	Demand	$	2,604.0	
 	0.6	
 	0.03	
 	 	$	2,367.8	
 	0.5	
 	0.03	
 	 	
 	Savings	5,011.2	
 	3.3	
 	0.09	
 	 	4,549.4	
 	2.9	
 	0.09	
 	 	
 	Time	1,278.1	
 	3.3	
 	0.35	
 	 	1,440.1	
 	3.7	
 	0.35	
 	 	
Total Interest-Bearing Deposits	8,893.3	
 	7.2	
 	0.11	
 	 	8,357.3	
 	7.1	
 	0.11	
 	 	
Short-Term Borrowings	8.5	
 	—	
 	0.14	
 	 	9.5	
 	—	
 	0.14	
 	 	
Securities Sold Under Agreements to Repurchase	664.4	
 	19.1	
 	3.79	
 	 	766.4	
 	19.4	
 	3.34	
 	 	
Other Debt	190.5	
 	2.0	
 	1.39	
 	 	174.6	
 	1.9	
 	1.45	
 	 	
Total Interest-Bearing Liabilities	9,756.7	
 	28.3	
 	0.38	
 	 	9,307.8	
 	28.4	
 	0.40	
 	 	
Net Interest Income	 	$	301.4	
 	 	 	 	$	291.6	
 	 	 	
 	Interest Rate Spread	 	 	2.67	
 	%	 	 	2.74	
 	%	
 	Net Interest Margin	 	 	2.79	
 	%	 	 	2.86	
 	%	
Noninterest-Bearing Demand Deposits	3,993.7	
 	 	 	 	3,659.2	
 	 	 	 	
Other Liabilities	241.2	
 	 	 	 	205.2	
 	 	 	 	
Shareholders' Equity	1,077.8	
 	 	 	 	1,048.9	
 	 	 	 	
Total Liabilities and Shareholders' Equity	$	15,069.4	
 	 	 	 	$	14,221.1	

 	 	 	 	 	 	 	 	 	 	
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 $8,921,000 and $8,571,000 for the nine months ended	 	
 	September 30, 2015 and September 30, 2014, respectively.	 	 	 	 	 	

 	
 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	
Analysis of Change in Net Interest Income - Taxable-Equivalent Basis	 	Table 8a	
 	
 	Three Months Ended September 30, 2015	
 	Compared to June 30, 2015	
(dollars in millions)	Volume 1	
 	Rate 1	
 	Total	
 	
Change in Interest Income:	 	 	 	
Investment Securities	 	 	 	
   Available-for-Sale	 	 	 	
      Taxable	$	(0.1	)	$	0.1	
 	$	—	
 	
      Non-Taxable	(0.1	)	0.1	
 	—	
 	
   Held-to-Maturity	 	 	 	
      Taxable	(0.3	)	(1.9	)	(2.2	)	
Total Investment Securities	(0.5	)	(1.7	)	(2.2	)	
Loans and Leases	 	 	 	
   Commercial and Industrial	0.2	
 	—	
 	0.2	
 	
   Commercial Mortgage	0.8	
 	(0.2	)	0.6	
 	
   Commercial Lease Financing	(0.1	)	—	
 	(0.1	)	
   Residential Mortgage	1.0	
 	(0.5	)	0.5	
 	
   Home Equity	0.5	
 	—	
 	0.5	
 	
   Automobile	0.2	
 	—	
 	0.2	
 	
   Other 2	0.3	
 	0.1	
 	0.4	
 	
Total Loans and Leases	2.9	
 	(0.6	)	2.3	
 	
Other	(0.1	)	0.1	
 	—	
 	
Total Change in Interest Income	2.3	
 	(2.2	)	0.1	

Change in Interest Expense:	 	 	 	
Securities Sold Under Agreements to Repurchase	(0.3	)	0.1	
 	(0.2	)	
Other Debt	0.2	
 	—	
 	0.2	
 	
Total Change in Interest Expense	(0.1	)	0.1	
 	—	

Change in Net Interest Income	$	2.4	
 	$	(2.3	)	$	0.1	

 	 	 	 	
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	 	 	
Analysis of Change in Net Interest Income - Taxable-Equivalent Basis	 	Table 8b	
 	
 	Three Months Ended September 30, 2015	
 	Compared to September 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	
 	(0.2	)	(0.1	)	
      Non-Taxable	0.1	
 	—	
 	0.1	
 	
   Held-to-Maturity	 	 	 	
      Taxable	(2.3	)	(3.0	)	(5.3	)	
      Non-Taxable	—	
 	(0.1	)	(0.1	)	
Total Investment Securities	(2.1	)	(3.3	)	(5.4	)	
Loans Held for Sale	0.1	
 	—	
 	0.1	
 	
Loans and Leases	 	 	 	
   Commercial and Industrial	1.6	
 	(1.2	)	0.4	
 	
   Commercial Mortgage	2.1	
 	(0.4	)	1.7	
 	
   Construction	—	
 	0.2	
 	0.2	
 	
   Commercial Lease Financing	(0.2	)	0.1	
 	(0.1	)	
   Residential Mortgage	4.4	
 	(0.9	)	3.5	
 	
   Home Equity	1.2	
 	(0.7	)	0.5	
 	
   Automobile	0.8	
 	(0.1	)	0.7	
 	
   Other 2	0.8	
 	0.1	
 	0.9	
 	
Total Loans and Leases	10.7	
 	(2.9	)	7.8	
 	
Other	(0.2	)	0.2	
 	—	
 	
Total Change in Interest Income	8.6	
 	(6.0	)	2.6	

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	(0.7	)	0.5	
 	(0.2	)	
Other Debt	0.2	
 	—	
 	0.2	
 	
Total Change in Interest Expense	(0.6	)	0.6	
 	—	

Change in Net Interest Income	$	9.2	
 	$	(6.6	)	$	2.6	

 	 	 	 	
1 The change in interest income and expense not solely due to changes in volume or rate has been allocated on a pro-rata basis to the volume and rate columns.	
2  Comprised of other consumer revolving credit, installment, and consumer lease financing.	 	

 	
 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	
Analysis of Change in Net Interest Income - Taxable-Equivalent Basis	 	Table 8c	
 	
 	Nine Months Ended September 30, 2015	
 	Compared to September 30, 2014	
(dollars in millions)	Volume 1	
 	Rate 1	
 	Total	
 	
Change in Interest Income:	 	 	 	
Funds Sold	$	0.3	
 	$	—	
 	$	0.3	
 	
Investment Securities	 	 	 	
   Available-for-Sale	 	 	 	
      Taxable	0.3	
 	(1.5	)	(1.2	)	
      Non-Taxable	0.7	
 	(0.4	)	0.3	
 	
   Held-to-Maturity	 	 	 	
      Taxable	(7.0	)	(5.8	)	(12.8	)	
      Non-Taxable	(0.1	)	(0.1	)	(0.2	)	
Total Investment Securities	(6.1	)	(7.8	)	(13.9	)	
Loans Held for Sale	0.2	
 	—	
 	0.2	
 	
Loans and Leases	 	 	 	
   Commercial and Industrial	4.9	
 	(2.5	)	2.4	
 	
   Commercial Mortgage	5.9	
 	(1.5	)	4.4	
 	
   Construction	0.3	
 	0.3	
 	0.6	
 	
   Commercial Lease Financing	(0.4	)	1.1	
 	0.7	
 	
   Residential Mortgage	12.4	
 	(2.9	)	9.5	
 	
   Home Equity	3.1	
 	(1.9	)	1.2	
 	
   Automobile	2.5	
 	(0.2	)	2.3	
 	
   Other 2	2.3	
 	(0.3	)	2.0	
 	
Total Loans and Leases	31.0	
 	(7.9	)	23.1	
 	
Other	(0.3	)	0.3	
 	—	
 	
Total Change in Interest Income	25.1	
 	(15.4	)	9.7	

Change in Interest Expense:	 	 	 	
Interest-Bearing Deposits	 	 	 	
   Demand	0.1	
 	—	
 	0.1	
 	
   Savings	0.3	
 	0.1	
 	0.4	
 	
   Time	(0.4	)	—	
 	(0.4	)	
Total Interest-Bearing Deposits	—	
 	0.1	
 	0.1	
 	
Securities Sold Under Agreements to Repurchase	(2.8	)	2.5	
 	(0.3	)	
Other Debt	0.2	
 	(0.1	)	0.1	
 	
Total Change in Interest Expense	(2.6	)	2.5	
 	(0.1	)	
 	 	 	 	
Change in Net Interest Income	$	27.7	
 	$	(17.9	)	$	9.8	

 	 	 	 	
1 The change in interest income and expense not solely due to changes in volume or rate has been allocated on a pro-rata basis to the volume and rate columns.	
2 Comprised of other consumer revolving credit, installment, and consumer lease financing.	 	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	
Salaries and Benefits	 	 	 	 	 	Table 9	
 	
 	Three Months Ended	 	Nine Months Ended	
 	September 30,	June 30,	September 30,	 	September 30,	
(dollars in thousands)	2015	2015	2014	 	2015	2014	
Salaries	$	28,905	
 	$	28,214	
 	$	28,990	
 	 	$	85,033	
 	$	85,448	
 	
Incentive Compensation	4,223	
 	4,959	
 	4,242	
 	 	13,696	
 	12,832	
 	
Share-Based Compensation	2,616	
 	2,751	
 	2,226	
 	 	7,712	
 	6,466	
 	
Commission Expense	1,639	
 	1,927	
 	1,283	
 	 	5,158	
 	3,448	
 	
Retirement and Other Benefits	4,064	
 	4,117	
 	4,056	
 	 	12,912	
 	12,853	
 	
Payroll Taxes	2,200	
 	2,278	
 	2,162	
 	 	8,063	
 	7,909	
 	
Medical, Dental, and Life Insurance	2,870	
 	2,449	
 	2,557	
 	 	8,503	
 	7,902	
 	
Separation Expense	59	
 	915	
 	14	
 	 	2,889	
 	650	
 	
Total Salaries and Benefits	$	46,576	
 	$	47,610	
 	$	45,530	
 	 	$	143,966	
 	$	137,508	

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	
Loan and Lease Portfolio Balances	 	 	 	Table 10	
 	
 	 	September 30,	
 	June 30,	
 	March 31,	
 	December 31,	
 	September 30,	
 	
(dollars in thousands)	2015	
 	2015	
 	2015	
 	2014	
 	2014	
 	
Commercial	 	 	 	 	 	
 	Commercial and Industrial	$	1,169,817	
 	$	1,173,259	
 	$	1,141,408	
 	$	1,055,243	
 	$	991,157	
 	
 	Commercial Mortgage	1,622,119	
 	1,528,685	
 	1,477,902	
 	1,437,513	
 	1,373,289	
 	
 	Construction	129,254	
 	118,714	
 	111,381	
 	109,183	
 	132,097	
 	
 	Lease Financing	202,055	
 	222,113	
 	224,419	
 	226,189	
 	232,381	
 	
Total Commercial	3,123,245	
 	3,042,771	
 	2,955,110	
 	2,828,128	
 	2,728,924	
 	
Consumer	 	 	 	 	 	
 	Residential Mortgage	2,875,605	
 	2,787,847	
 	2,699,434	
 	2,571,090	
 	2,444,989	
 	
 	Home Equity	993,817	
 	931,191	
 	884,742	
 	866,688	
 	838,206	
 	
 	Automobile	367,640	
 	352,128	
 	339,686	
 	323,848	
 	306,003	
 	
 	Other 1	329,465	
 	314,501	
 	299,656	
 	307,835	
 	288,228	
 	
Total Consumer	4,566,527	
 	4,385,667	
 	4,223,518	
 	4,069,461	
 	3,877,426	
 	
Total Loans and Leases	$	7,689,772	
 	$	7,428,438	
 	$	7,178,628	
 	$	6,897,589	
 	$	6,606,350	

 	 	 	 	 	 	 	
Deposits	 	 	 	 	
 	 	September 30,	
 	June 30,	
 	March 31,	
 	December 31,	
 	September 30,	
 	
(dollars in thousands)	2015	
 	2015	
 	2015	
 	2014	
 	2014	
 	
Consumer	$	6,254,862	
 	$	6,221,691	
 	$	6,220,391	
 	$	6,092,929	
 	$	5,972,435	
 	
Commercial	5,397,857	
 	5,524,153	
 	5,444,814	
 	5,163,352	
 	5,070,080	
 	
Public and Other	1,284,243	
 	1,344,851	
 	1,314,411	
 	1,376,808	
 	1,318,926	
 	
Total Deposits	$	12,936,962	
 	$	13,090,695	
 	$	12,979,616	
 	$	12,633,089	
 	$	12,361,441	

 	 	 	 	 	 	 	
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	
 	
 	 	 	September 30,	
 	June 30,	
 	March 31,	
 	December 31,	
 	September 30,	
 	
(dollars in thousands)	2015	
 	2015	
 	2015	
 	2014	
 	2014	
 	
Non-Performing Assets	 	 	 	 	 	
Non-Accrual Loans and Leases	 	 	 	 	 	
 	Commercial	 	 	 	 	 	
 	 	Commercial and Industrial	$	8,532	
 	$	8,299	
 	$	8,641	
 	$	9,088	
 	$	8,952	
 	
 	 	Commercial Mortgage	1,058	
 	716	
 	732	
 	745	
 	1,366	
 	
 	Total Commercial	9,590	
 	9,015	
 	9,373	
 	9,833	
 	10,318	
 	
 	Consumer	 	 	 	 	 	
 	 	Residential Mortgage	14,749	
 	14,918	
 	14,344	
 	14,841	
 	16,756	
 	
 	 	Home Equity	3,814	
 	3,528	
 	2,965	
 	3,097	
 	2,671	
 	
 	Total Consumer	18,563	
 	18,446	
 	17,309	
 	17,938	
 	19,427	
 	
Total Non-Accrual Loans and Leases	28,153	
 	27,461	
 	26,682	
 	27,771	
 	29,745	
 	
Foreclosed Real Estate	1,392	
 	1,989	
 	2,095	
 	2,311	
 	3,562	
 	
Total Non-Performing Assets	$	29,545	
 	$	29,450	
 	$	28,777	
 	$	30,082	
 	$	33,307	

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	5,060	
 	4,789	
 	3,914	
 	4,506	
 	4,819	
 	
 	Home Equity	1,396	
 	2,395	
 	2,425	
 	2,596	
 	2,816	
 	
 	Automobile	631	
 	323	
 	537	
 	616	
 	612	
 	
 	Other 1	1,058	
 	1,395	
 	1,078	
 	941	
 	842	
 	
Total Consumer	8,145	
 	8,902	
 	7,954	
 	8,659	
 	9,089	
 	
Total Accruing Loans and Leases Past Due 90 Days or More	$	8,145	
 	$	9,652	
 	$	7,954	
 	$	8,661	
 	$	9,103	
 	
Restructured Loans on Accrual Status	 	 	 	 	 	
   and Not Past Due 90 Days or More	$	49,506	
 	$	48,339	
 	$	46,639	
 	$	45,474	
 	$	45,169	
 	
Total Loans and Leases	$	7,689,772	
 	$	7,428,438	
 	$	7,178,628	
 	$	6,897,589	
 	$	6,606,350	

Ratio of Non-Accrual Loans and Leases to Total Loans and Leases	0.37	%	0.37	%	0.37	%	0.40	%	0.45	%	
 	 	 	 	 	 	 	 	
Ratio of Non-Performing Assets to Total Loans and Leases	 	 	 	 	 	
 	and Foreclosed Real Estate	0.38	%	0.40	%	0.40	%	0.44	%	0.50	%	
 	 	 	 	 	 	 	 	
Ratio of Commercial Non-Performing Assets to Total Commercial	 	 	 	 	 	
 	Loans and Leases and Commercial Foreclosed Real Estate	0.31	%	0.32	%	0.34	%	0.38	%	0.42	%	
 	 	 	 	 	 	 	 	
Ratio of Consumer Non-Performing Assets to Total Consumer Loans	 	 	 	 	 	
 	and Leases and Consumer Foreclosed Real Estate	0.44	%	0.45	%	0.44	%	0.47	%	0.56	%	
 	 	 	 	 	 	 	 	
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	0.49	%	0.53	%	0.51	%	0.56	%	0.64	%	
 	 	 	 	 	 	 	 	
Quarter to Quarter Changes in Non-Performing Assets	 	 	 	 	 	
Balance at Beginning of Quarter	$	29,450	
 	$	28,777	
 	$	30,082	
 	$	33,307	
 	$	34,389	
 	
Additions	4,427	
 	1,909	
 	621	
 	1,885	
 	2,565	
 	
Reductions	 	 	 	 	 	
 	Payments	(1,191	)	(1,020	)	(1,427	)	(1,822	)	(2,381	)	
 	Return to Accrual Status	(1,748	)	—	
 	(187	)	(1,291	)	(704	)	
 	Sales of Foreclosed Real Estate	(1,300	)	(83	)	(37	)	(1,480	)	(449	)	
 	Charge-offs/Write-downs	(93	)	(133	)	(275	)	(517	)	(113	)	
Total Reductions	(4,332	)	(1,236	)	(1,926	)	(5,110	)	(3,647	)	
Balance at End of Quarter	$	29,545	
 	$	29,450	
 	$	28,777	
 	$	30,082	
 	$	33,307	

 	 	 	 	 	 	 	 	
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	 	Nine Months Ended	
 	 	 	September 30,	June 30,	September 30,	 	September 30,	
(dollars in thousands)	2015	2015	2014	 	2015	2014	
Balance at Beginning of Period	$	111,893	
 	$	113,348	
 	$	119,725	
 	 	$	114,575	
 	$	121,521	
 	
Loans and Leases Charged-Off	 	 	 	 	 	 	
 	Commercial	 	 	 	 	 	 	
 	 	Commercial and Industrial	(160	)	(255	)	(229	)	 	(650	)	(1,797	)	
 	 	Lease Financing	—	
 	—	
 	—	
 	 	—	
 	(66	)	
 	Consumer	 	 	 	 	 	 	
 	 	Residential Mortgage	—	
 	(54	)	(22	)	 	(613	)	(674	)	
 	 	Home Equity	(634	)	(211	)	(475	)	 	(1,061	)	(1,379	)	
 	 	Automobile	(1,476	)	(1,237	)	(957	)	 	(4,141	)	(2,585	)	
 	 	Other 1	(2,123	)	(1,739	)	(1,978	)	 	(5,512	)	(5,195	)	
Total Loans and Leases Charged-Off	(4,393	)	(3,496	)	(3,661	)	 	(11,977	)	(11,696	)	
Recoveries on Loans and Leases Previously Charged-Off	 	 	 	 	 	 	
 	Commercial	 	 	 	 	 	 	
 	 	Commercial and Industrial	426	
 	456	
 	1,177	
 	 	1,528	
 	4,229	
 	
 	 	Commercial Mortgage	15	
 	14	
 	14	
 	 	43	
 	43	
 	
 	 	Construction	8	
 	8	
 	8	
 	 	24	
 	21	
 	
 	 	Lease Financing	55	
 	8	
 	3	
 	 	131	
 	6	
 	
 	Consumer	 	 	 	 	 	 	
 	 	Residential Mortgage	282	
 	96	
 	299	
 	 	720	
 	2,906	
 	
 	 	Home Equity	693	
 	566	
 	531	
 	 	2,140	
 	1,433	
 	
 	 	Automobile	508	
 	396	
 	322	
 	 	1,398	
 	1,110	
 	
 	 	Other 1	438	
 	497	
 	496	
 	 	1,343	
 	1,720	
 	
Total Recoveries on Loans and Leases Previously Charged-Off	2,425	
 	2,041	
 	2,850	
 	 	7,327	
 	11,468	
 	
Net Loans and Leases Charged-Off	(1,968	)	(1,455	)	(811	)	 	(4,650	)	(228	)	
Provision for Credit Losses	—	
 	—	
 	(2,665	)	 	—	
 	(4,864	)	
Provision for Unfunded Commitments	185	
 	—	
 	—	
 	 	185	
 	(180	)	
Balance at End of Period 2	$	110,110	
 	$	111,893	
 	$	116,249	
 	 	$	110,110	
 	$	116,249	

Components	 	 	 	 	 	 	
Allowance for Loan and Lease Losses	$	104,038	
 	$	106,006	
 	$	110,362	
 	 	$	104,038	
 	$	110,362	
 	
Reserve for Unfunded Commitments	6,072	
 	5,887	
 	5,887	
 	 	6,072	
 	5,887	
 	
Total Reserve for Credit Losses	$	110,110	
 	$	111,893	
 	$	116,249	
 	 	$	110,110	
 	$	116,249	

Average Loans and Leases Outstanding	$	7,545,985	
 	$	7,300,506	
 	$	6,488,780	
 	 	$	7,301,656	
 	$	6,290,548	

Ratio of Net Loans and Leases Charged-Off to	 	 	 	 	 	 	
 	Average Loans and Leases Outstanding (annualized)	0.10	%	0.08	%	0.05	%	 	0.09	%	0.00	%	
Ratio of Allowance for Loan and Lease Losses to Loans and Leases
      Outstanding	1.35	%	1.43	%	1.67	%	 	1.35	%	1.67	%	

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 September 30, 2015	 	 	 	 	 	
Net Interest Income	$	51,732	
 	$	37,133	
 	$	4,517	
 	$	4,509	
 	$	97,891	
 	
Provision for Credit Losses	2,209	
 	(226	)	(20	)	(1,963	)	—	
 	
Net Interest Income After Provision for Credit Losses	49,523	
 	37,359	
 	4,537	
 	6,472	
 	97,891	
 	
Noninterest Income	21,206	
 	4,777	
 	14,363	
 	2,875	
 	43,221	
 	
Noninterest Expense	(49,963	)	(25,482	)	(14,031	)	(2,412	)	(91,888	)	
Income Before Provision for Income Taxes	20,766	
 	16,654	
 	4,869	
 	6,935	
 	49,224	
 	
Provision for Income Taxes	(7,352	)	(5,586	)	(1,802	)	(208	)	(14,948	)	
Net Income	$	13,414	
 	$	11,068	
 	$	3,067	
 	$	6,727	
 	$	34,276	
 	
Total Assets as of September 30, 2015	$	4,578,333	
 	$	3,102,549	
 	$	232,641	
 	$	7,250,600	
 	$	15,164,123	

 	 	 	 	 	 	
Three Months Ended September 30, 2014  1	 	 	 	 	 	
Net Interest Income	$	45,432	
 	$	31,780	
 	$	3,864	
 	$	14,303	
 	$	95,379	
 	
Provision for Credit Losses	1,853	
 	(834	)	(9	)	(3,675	)	(2,665	)	
Net Interest Income After Provision for Credit Losses	43,579	
 	32,614	
 	3,873	
 	17,978	
 	98,044	
 	
Noninterest Income	20,132	
 	5,818	
 	14,467	
 	4,533	
 	44,950	
 	
Noninterest Expense	(48,569	)	(16,410	)	(13,616	)	(2,435	)	(81,030	)	
Income Before Provision for Income Taxes	15,142	
 	22,022	
 	4,724	
 	20,076	
 	61,964	
 	
Provision for Income Taxes	(5,498	)	(7,599	)	(1,751	)	(5,347	)	(20,195	)	
Net Income	$	9,644	
 	$	14,423	
 	$	2,973	
 	$	14,729	
 	$	41,769	
 	
Total Assets as of September 30, 2014  1	$	3,896,841	
 	$	2,680,761	
 	$	192,739	
 	$	7,739,825	
 	$	14,510,166	

 	 	 	 	 	 	
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	
 	
Nine Months Ended September 30, 2015	 	 	 	 	 	
Net Interest Income	$	150,631	
 	$	107,292	
 	$	13,153	
 	$	21,367	
 	$	292,443	
 	
Provision for Credit Losses	5,660	
 	(956	)	(36	)	(4,668	)	—	
 	
Net Interest Income After Provision for Credit Losses	144,971	
 	108,248	
 	13,189	
 	26,035	
 	292,443	
 	
Noninterest Income	61,123	
 	16,125	
 	44,770	
 	19,435	
 	141,453	
 	
Noninterest Expense	(149,461	)	(59,786	)	(43,193	)	(9,937	)	(262,377	)	
Income Before Provision for Income Taxes	56,633	
 	64,587	
 	14,766	
 	35,533	
 	171,519	
 	
Provision for Income Taxes	(20,097	)	(22,449	)	(5,463	)	(5,638	)	(53,647	)	
Net Income	$	36,536	
 	$	42,138	
 	$	9,303	
 	$	29,895	
 	$	117,872	
 	
Total Assets as of September 30, 2015	$	4,578,333	
 	$	3,102,549	
 	$	232,641	
 	$	7,250,600	
 	$	15,164,123	

 	 	 	 	 	 	
Nine Months Ended September 30, 2014 1	 	 	 	 	 	
Net Interest Income	$	130,971	
 	$	86,934	
 	$	11,098	
 	$	54,021	
 	$	283,024	
 	
Provision for Credit Losses	2,895	
 	(2,164	)	(303	)	(5,292	)	(4,864	)	
Net Interest Income After Provision for Credit Losses	128,076	
 	89,098	
 	11,401	
 	59,313	
 	287,888	
 	
Noninterest Income	59,473	
 	17,617	
 	43,228	
 	13,881	
 	134,199	
 	
Noninterest Expense	(146,581	)	(49,834	)	(41,379	)	(7,865	)	(245,659	)	
Income Before Provision for Income Taxes	40,968	
 	56,881	
 	13,250	
 	65,329	
 	176,428	
 	
Provision for Income Taxes	(15,248	)	(19,343	)	(4,912	)	(15,074	)	(54,577	)	
Net Income	$	25,720	
 	$	37,538	
 	$	8,338	
 	$	50,255	
 	$	121,851	
 	
Total Assets as of September 30, 2014 1	$	3,896,841	
 	$	2,680,761	
 	$	192,739	
 	$	7,739,825	
 	$	14,510,166	

 	 	 	 	 	 	
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	 	
 	September 30,	
 	 	June 30,	
 	 	March 31,	
 	 	December 31,	
 	 	September 30,	
 	 	
(dollars in thousands, except per share amounts)	2015	
 	 	2015	
 	 	2015	
 	 	2014	
 	 	2014	
 	 	
Quarterly Operating Results	 	 	 	 	 	 	 	 	 	 	
Interest Income	 	 	 	 	 	 	 	 	 	 	
   Interest and Fees on Loans and Leases	$	75,874	
 	 	$	73,565	
 	 	$	70,961	
 	 	$	69,974	
 	 	$	68,089	
 	 	
   Income on Investment Securities	 	 	 	 	 	 	 	 	 	 	
      Available-for-Sale	10,192	
 	 	10,273	
 	 	10,198	
 	 	10,732	
 	 	10,286	
 	 	
      Held-to-Maturity	20,689	
 	 	22,832	
 	 	24,407	
 	 	24,966	
 	 	26,067	
 	 	
   Deposits	2	
 	 	2	
 	 	3	
 	 	2	
 	 	3	
 	 	
   Funds Sold	291	
 	 	268	
 	 	259	
 	 	192	
 	 	176	
 	 	
   Other	312	
 	 	310	
 	 	302	
 	 	303	
 	 	302	
 	 	
Total Interest Income	107,360	
 	 	107,250	
 	 	106,130	
 	 	106,169	
 	 	104,923	
 	 	
Interest Expense	 	 	 	 	 	 	 	 	 	 	
   Deposits	2,410	
 	 	2,405	
 	 	2,368	
 	 	2,392	
 	 	2,391	
 	 	
   Securities Sold Under Agreements to Repurchase	6,307	
 	 	6,440	
 	 	6,371	
 	 	6,520	
 	 	6,523	
 	 	
   Funds Purchased	3	
 	 	3	
 	 	3	
 	 	3	
 	 	3	
 	 	
   Other Debt	749	
 	 	620	
 	 	618	
 	 	622	
 	 	627	
 	 	
Total Interest Expense	9,469	
 	 	9,468	
 	 	9,360	
 	 	9,537	
 	 	9,544	
 	 	
Net Interest Income	97,891	
 	 	97,782	
 	 	96,770	
 	 	96,632	
 	 	95,379	
 	 	
Provision for Credit Losses	—	
 	 	—	
 	 	—	
 	 	—	
 	 	(2,665	)	 	
Net Interest Income After Provision for Credit Losses	97,891	
 	 	97,782	
 	 	96,770	
 	 	96,632	
 	 	98,044	
 	 	
Noninterest Income	 	 	 	 	 	 	 	 	 	 	
   Trust and Asset Management	11,907	
 	 	12,355	
 	 	12,180	
 	 	12,225	
 	 	11,716	
 	 	
   Mortgage Banking	3,291	
 	 	3,469	
 	 	1,693	
 	 	2,116	
 	 	1,646	
 	 	
   Service Charges on Deposit Accounts	8,669	
 	 	8,203	
 	 	8,537	
 	 	9,058	
 	 	9,095	
 	 	
   Fees, Exchange, and Other Service Charges	13,340	
 	 	13,352	
 	 	12,897	
 	 	13,702	
 	 	13,390	
 	 	
   Investment Securities Gains, Net	24	
 	 	86	
 	 	10,231	
 	 	1,966	
 	 	1,858	
 	 	
   Annuity and Insurance	1,721	
 	 	1,885	
 	 	2,044	
 	 	1,664	
 	 	2,348	
 	 	
   Bank-Owned Life Insurance	1,609	
 	 	2,088	
 	 	1,734	
 	 	1,874	
 	 	1,644	
 	 	
   Other	2,660	
 	 	4,487	
 	 	2,991	
 	 	3,213	
 	 	3,253	
 	 	
Total Noninterest Income	43,221	
 	 	45,925	
 	 	52,307	
 	 	45,818	
 	 	44,950	
 	 	
Noninterest Expense	 	 	 	 	 	 	 	 	 	 	
   Salaries and Benefits	46,576	
 	 	47,610	
 	 	49,780	
 	 	45,520	
 	 	45,530	
 	 	
   Net Occupancy	7,403	
 	 	8,605	
 	 	9,333	
 	 	9,291	
 	 	9,334	
 	 	
   Net Equipment	4,804	
 	 	4,826	
 	 	5,288	
 	 	4,734	
 	 	4,473	
 	 	
   Data Processing	3,920	
 	 	3,673	
 	 	3,773	
 	 	3,823	
 	 	3,665	
 	 	
   Professional Fees	2,258	
 	 	2,265	
 	 	2,334	
 	 	3,086	
 	 	1,835	
 	 	
   FDIC Insurance	2,139	
 	 	2,068	
 	 	2,140	
 	 	2,055	
 	 	1,750	
 	 	
   Other	24,788	
 	 	14,527	
 	 	14,267	
 	 	12,731	
 	 	14,443	
 	 	
Total Noninterest Expense	91,888	
 	 	83,574	
 	 	86,915	
 	 	81,240	
 	 	81,030	
 	 	
Income Before Provision for Income Taxes	49,224	
 	 	60,133	
 	 	62,162	
 	 	61,210	
 	 	61,964	
 	 	
Provision for Income Taxes	14,948	
 	 	18,979	
 	 	19,720	
 	 	20,019	
 	 	20,195	
 	 	
Net Income	$	34,276	
 	 	$	41,154	
 	 	$	42,442	
 	 	$	41,191	
 	 	$	41,769	

Basic Earnings Per Share	$	0.79	
 	 	$	0.95	
 	 	$	0.98	
 	 	$	0.95	
 	 	$	0.95	
 	 	
Diluted Earnings Per Share	$	0.79	
 	 	$	0.95	
 	 	$	0.97	
 	 	$	0.94	
 	 	$	0.95	

Balance Sheet Totals	 	 	 	 	 	 	 	 	 	 	
Loans and Leases	$	7,689,772	
 	 	$	7,428,438	
 	 	$	7,178,628	
 	 	$	6,897,589	
 	 	$	6,606,350	
 	 	
Total Assets	15,164,123	
 	 	15,248,043	
 	 	15,139,179	
 	 	14,787,208	
 	 	14,510,166	
 	 	
Total Deposits	12,936,962	
 	 	13,090,695	
 	 	12,979,616	
 	 	12,633,089	
 	 	12,361,441	
 	 	
Total Shareholders' Equity	1,098,354	
 	 	1,082,939	
 	 	1,075,251	
 	 	1,055,086	
 	 	1,057,413	

Performance Ratios	 	 	 	 	 	 	 	 	 	 	
Return on Average Assets	0.89	
 	%	1.10	
 	%	1.15	
 	%	1.12	
 	%	1.15	
 	%	
Return on Average Shareholders' Equity	12.45	
 	 	15.33	
 	 	16.18	
 	 	15.39	
 	 	15.57	
 	 	
Efficiency Ratio 1	65.12	
 	 	58.16	
 	 	58.30	
 	 	57.03	
 	 	57.74	
 	 	
Net Interest Margin 2	2.77	
 	 	2.81	
 	 	2.81	
 	 	2.84	
 	 	2.85	

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

 	
 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Bank of Hawaii Corporation and Subsidiaries	 	 	 	 	 	 	 	 	 	
Hawaii Economic Trends	 	 	 	 	 	 	 	 	 	Table 15	
 	Eight Months Ended	 	 	Year Ended	
($ in millions; jobs in thousands)	August 31, 2015	 	 	December 31, 2014	December 31, 2013	
Hawaii Economic Trends	 	 	 	 	 	 	 	 	 	 	 	 	
   State General Fund Revenues 1	$	3,965.0	
 	9.5	
 	%	 	$	5,535.7	
 	 	1.6	
 	%	$	5,450.6	
 	 	3.7	
 	%	
   General Excise and Use Tax Revenue 1	$	2,113.8	
 	5.6	
 	%	 	$	2,979.8	
 	 	2.5	
 	%	$	2,907.6	
 	 	2.2	
 	%	
   Jobs 2	649.3	
 	 	 	 	643.7	
 	 	 	 	629.9	

 	 	 	 	 	 	 	September 30,	 	December 31,	
(spot rates)	 	 	 	 	 	 	2015	 	2014	2013	 	
Unemployment 3	 	 	 	 	 	 	 	 	 	 	 	 	
  Statewide, seasonally adjusted	 	 	 	 	 	 	3.4	
 	%	4.0	
 	%	4.7	
 	%	
 	 	 	 	 	 	 	 	 	 	 	 	 	
   Oahu	 	 	 	 	 	 	3.4	
 	 	3.5	
 	 	3.8	
 	 	
   Island of Hawaii	 	 	 	 	 	 	4.3	
 	 	4.7	
 	 	5.9	
 	 	
   Maui	 	 	 	 	 	 	3.8	
 	 	3.8	
 	 	4.7	
 	 	
   Kauai	 	 	 	 	 	 	4.2	
 	 	4.3	
 	 	5.2	

 	 	 	 	 	September 30,	 	December 31,	
(percentage change, except months of inventory)	 	 	 	2015	 	2014	 	2013	2012	 	
Housing Trends (Single Family Oahu) 4	 	 	 	 	 	 	 	 	 	 	 	 	
   Median Home Price	 	 	 	 	4.0	
 	%	3.8	
 	%	4.8	
 	%	7.8	
 	%	
   Home Sales Volume (units)	 	 	 	 	4.9	
 	%	(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	 	 	 	 	 	 	 	 	 	 	 	 	
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	 	 	 	 	 	 	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	 	 	 	 	 	 	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	
 	 	
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	

 	 	 	 	 	 	 	 	 	 	 	 	 	
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.