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Segment financial information
 6 Months Ended
Jun. 30, 2020
Segment Reporting [Abstract]  
Segment financial information Segment financial information
(in thousands) Electric utilityBankOtherTotal
Three months ended June 30, 2020    
Revenues from external customers$534,206  $74,714  $25  $608,945  
Intersegment revenues (eliminations)9  —  (9) —  
Revenues$534,215  $74,714  $16  $608,945  
Income (loss) before income taxes$53,027  $17,334  $(10,131) $60,230  
Income taxes (benefit)10,199  3,320  (2,649) 10,870  
Net income (loss)42,828  14,014  (7,482) 49,360  
Preferred stock dividends of subsidiaries499  —  (26) 473  
Net income (loss) for common stock$42,329  $14,014  $(7,456) $48,887  
Six months ended June 30, 2020    
Revenues from external customers$1,131,636  $154,452  $43  $1,286,131  
Intersegment revenues (eliminations)21  —  (21) —  
Revenues$1,131,657  $154,452  $22  $1,286,131  
Income (loss) before income taxes$82,713  $36,303  $(19,090) $99,926  
Income taxes (benefit)15,481  6,528  (5,336) 16,673  
Net income (loss)67,232  29,775  (13,754) 83,253  
Preferred stock dividends of subsidiaries998  —  (52) 946  
Net income (loss) for common stock$66,234  $29,775  $(13,702) $82,307  
Total assets (at June 30, 2020)
$6,332,007  $8,019,665  $129,028  $14,480,700  
Three months ended June 30, 2019    
Revenues from external customers$633,771  $81,687  $27  $715,485  
Intersegment revenues (eliminations)13  —  (13) —  
Revenues$633,784  $81,687  $14  $715,485  
Income (loss) before income taxes$40,817  $21,292  $(9,415) $52,694  
Income taxes (benefit)7,744  4,276  (2,311) 9,709  
Net income (loss)33,073  17,016  (7,104) 42,985  
Preferred stock dividends of subsidiaries499  —  (26) 473  
Net income (loss) for common stock $32,574  $17,016  $(7,078) $42,512  
Six months ended June 30, 2019    
Revenues from external customers$1,212,253  $164,739  $108  $1,377,100  
Intersegment revenues (eliminations)26  —  (26) —  
Revenues$1,212,279  $164,739  $82  $1,377,100  
Income (loss) before income taxes$82,676  $47,454  $(19,397) $110,733  
Income taxes (benefit)16,978  9,599  (4,990) 21,587  
Net income (loss)65,698  37,855  (14,407) 89,146  
Preferred stock dividends of subsidiaries998  —  (52) 946  
Net income (loss) for common stock $64,700  $37,855  $(14,355) $88,200  
Total assets (at December 31, 2019)$6,388,682  $7,233,017  $123,552  $13,745,251  
 
Intercompany electricity sales of the Utilities to the bank and “other” segments are not eliminated because those segments would need to purchase electricity from another source if it were not provided by the Utilities and the profit on such sales is nominal.
Bank fees that ASB charges the Utilities and “other” segments are not eliminated because those segments would pay fees to another financial institution if they were to bank with another institution and the profit on such fees is nominal.
Hamakua Energy, LLC’s (Hamakua Energy’s) sales to Hawaii Electric Light (a regulated affiliate) are eliminated in consolidation.