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Segment financial information
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Segment financial information Segment financial information
(in thousands) Electric utilityBankOtherTotal
Three months ended June 30, 2021    
Revenues from external customers$601,869 $77,260 $1,128 $680,257 
Intersegment revenues (eliminations)10 — (10)— 
Revenues$601,879 $77,260 $1,118 $680,257 
Income (loss) before income taxes$53,898 $39,992 $(10,946)$82,944 
Income taxes (benefit)11,498 9,708 (2,607)18,599 
Net income (loss)42,400 30,284 (8,339)64,345 
Preferred stock dividends of subsidiaries499 — (26)473 
Net income (loss) for common stock$41,901 $30,284 $(8,313)$63,872 
Six months ended June 30, 2021    
Revenues from external customers$1,166,724 $154,391 $2,088 $1,323,203 
Intersegment revenues (eliminations)19 — (19)— 
Revenues$1,166,743 $154,391 $2,069 $1,323,203 
Income (loss) before income taxes$108,988 $77,094 $(22,942)$163,140 
Income taxes (benefit)22,731 17,254 (6,021)33,964 
Net income (loss)86,257 59,840 (16,921)129,176 
Preferred stock dividends of subsidiaries998 — (52)946 
Net income (loss) for common stock$85,259 $59,840 $(16,869)$128,230 
Total assets (at June 30, 2021)
$6,547,974 $8,909,904 $148,851 $15,606,729 
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 December 31, 2020)$6,457,373 $8,396,533 $150,101 $15,004,007 
 
Intercompany electricity sales of the Utilities to ASB 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.
Hamakua Energy, LLC’s (Hamakua Energy’s) sales to Hawaii Electric Light (a regulated affiliate) are eliminated in consolidation.