Parent Company (Tables) - Parent Company

12 Months Ended

Dec. 31, 2017

Condensed Statements of Comprehensive Income

Condensed Statements of Comprehensive Income
	Year Ended December 31,
(dollars in thousands)	2017		2016		2015
Income
Dividends from FHB	$	105,400	$	479,692	$	175,600
Other income		3,937		368		—
Total income		109,337		480,060		175,600
Noninterest expense
Salaries and employee benefits		5,949		6,820		10,930
Contracted services and professional fees		3,643		5,424		5,791
Equipment		55		—		—
Advertising and marketing		1		4		—
Other		570		999		2,076
Total noninterest expense		10,218		13,247		18,797
Income before (provision) benefit for income taxes and equity in undistributed income (excess distributions) of FHB		99,119		466,813		156,803
(Provision) benefit for income taxes		(642)		3,175		7,425
Equity in undistributed income (excess distributions) of FHB		85,205		(239,810)		49,552
Net income	$	183,682	$	230,178	$	213,780
Comprehensive income	$	175,310	$	193,426	$	213,978

Condensed Statements of Condition

Condensed Statements of Condition
	December 31,
(dollars in thousands)	2017		2016
Assets
Cash and cash equivalents	$	14,337	$	5,994
Investment in FHB		2,522,624		2,440,596
Other assets		23,912		50,831
Total assets	$	2,560,873	$	2,497,421
Liabilities and Stockholders' Equity
Retirement benefits payable	$	780	$	736
Other liabilities		27,542		20,200
Total liabilities		28,322		20,936
Stockholders' Equity
Stockholders' equity		2,532,551		2,476,485
Total stockholders' equity		2,532,551		2,476,485
Total liabilities and stockholders' equity	$	2,560,873	$	2,497,421

Condensed Statement of Cash Flows

Condensed Statements of Cash Flows
	Year Ended December 31,
(dollars in thousands)	2017		2016		2015
Cash flows from operating activities
Net income	$	183,682	$	230,178	$	213,780
Adjustments to reconcile net income to net cash provided by operating activities:
(Equity in undistributed income) excess distributions  of FHB		(85,205)		239,810		(49,552)
Deferred income taxes		(274)		191		—
Stock-based compensation		244		55		—
Change in assets and liabilities:
Net decrease (increase) in other assets		36,467		(18,729)		—
Net decrease in other liabilities		(2,058)		(8,368)		—
Net cash provided by operating activities		132,856		443,137		164,228
Cash flows from investing activities
Other, net		7		—		—
Net cash provided by investing activities		7		—		—
Cash flows from financing activities
Dividends paid		(122,810)		(85,797)		—
Distributions paid		(2,118)		(361,200)		(164,228)
Stock tendered for payment of withholding taxes		(120)		(146)		—
Proceeds from employee stock purchase plan		528		—		—
Net cash used in financing activities		(124,520)		(447,143)		(164,228)
Net increase (decrease) in cash and cash equivalents		8,343		(4,006)		—
Cash and cash equivalents at beginning of year		5,994		10,000		10,000
Cash and cash equivalents at end of year	$	14,337	$	5,994	$	10,000