XML 58 R42.htm IDEA: XBRL DOCUMENT v2.3.0.15
Fair value measurements (Tables)
9 Months Ended
Sep. 30, 2011
Fair value measurements 
Schedule of estimated fair values of certain of the Company's financial instruments

 

 

 

 

September 30, 2011

 

December 31, 2010

 

(in thousands)

 

Carrying or
notional amount

 

Estimated
fair value

 

Carrying or
notional amount

 

Estimated
fair value

 

 

 

 

 

 

 

 

 

 

 

Financial assets

 

 

 

 

 

 

 

 

 

Cash and cash equivalents, excluding money market funds

 

$

283,473

 

$

283,473

 

$

329,553

 

$

329,553

 

Money market funds

 

10

 

10

 

1,098

 

1,098

 

Available-for-sale investment and mortgage-related securities

 

571,045

 

571,045

 

678,152

 

678,152

 

Investment in stock of Federal Home Loan Bank of Seattle

 

97,764

 

97,764

 

97,764

 

97,764

 

Loans receivable, net

 

3,647,197

 

3,850,247

 

3,497,729

 

3,639,983

 

Financial liabilities

 

 

 

 

 

 

 

 

 

Deposit liabilities

 

4,062,801

 

4,069,420

 

3,975,372

 

3,979,027

 

Short-term borrowings—other than bank

 

51,195

 

51,195

 

24,923

 

24,923

 

Other bank borrowings

 

237,934

 

255,751

 

237,319

 

251,822

 

Long-term debt, net—other than bank

 

1,340,038

 

1,342,518

 

1,364,942

 

1,345,770

 

Forward starting swaps

 

 

 

2,762

 

2,762

 

Off-balance sheet items

 

 

 

 

 

 

 

 

 

HECO-obligated preferred securities of trust subsidiary

 

50,000

 

51,960

 

50,000

 

52,500

Schedule of assets and liabilities measured at fair value on a recurring basis

 

 

 

 

Fair value measurements using

 

 

 

Quoted prices in active

 

Significant other

 

Significant

 

 

 

markets for identical

 

observable

 

unobservable

 

(in thousands)

 

assets (Level 1)

 

inputs (Level 2)

 

inputs (Level 3)

 

September 30, 2011

 

 

 

 

 

 

 

Money market funds (“other” segment)

 

$

 

$

10

 

$

 

Available-for-sale securities (bank segment)

 

 

 

 

 

 

 

Mortgage-related securities-FNMA, FHLMC and GNMA

 

$

 

$

320,852

 

$

 

Federal agency obligations

 

 

197,849

 

 

Municipal bonds

 

 

52,344

 

 

 

 

$

 

$

571,045

 

$

 

December 31, 2010

 

 

 

 

 

 

 

Money market funds (“other” segment)

 

$

 

$

1,098

 

$

 

Available-for-sale securities (bank segment)

 

 

 

 

 

 

 

Mortgage-related securities-FNMA, FHLMC and GNMA

 

$

 

$

319,970

 

$

 

Federal agency obligations

 

 

315,896

 

 

Municipal bonds

 

 

42,286

 

 

 

 

$

 

$

678,152

 

$

 

Forward starting swaps (“other” segment)

 

$

 

$

(2,762

)

$