XML 91 R12.htm IDEA: XBRL DOCUMENT

Loans and Leases

12 Months Ended

Dec. 31, 2019

4. Loans and Leases

As of December 31, 2019 and 2018, loans and leases were comprised of the following:


	December 31,
(dollars in thousands)	2019		2018
Commercial and industrial	$	2,743,242	$	3,208,760
Commercial real estate		3,463,953		2,990,783
Construction		519,241		626,757
Residential:
Residential mortgage		3,768,936		3,527,101
Home equity line		893,239		912,517
Total residential		4,662,175		4,439,618
Consumer		1,620,556		1,662,504
Lease financing		202,483		147,769
Total loans and leases	$	13,211,650	$	13,076,191

Outstanding loan balances are reported net of deferred loan costs and fees of $41.0 million and $36.3 million at December 31, 2019 and 2018, respectively.

As of December 31, 2019, residential real estate loans totaling $2.9 billion were pledged to collateralize the Company’s borrowing capacity at the FHLB, and consumer, commercial and industrial and commercial real estate loans totaling $953.2 million were pledged to collateralize the borrowing capacity at the FRB. As of December 31, 2018, residential real estate loans totaling $2.5 billion were pledged to collateralize the Company’s borrowing capacity at the FHLB, and consumer and commercial and industrial loans totaling $957.0 million were pledged to collateralize the borrowing capacity at the FRB. Residential real estate loans collateralized by properties that were in the process of foreclosure totaled $4.1 million and $4.6 million at December 31, 2019 and 2018, respectively.

In the course of evaluating the credit risk presented by a customer and the pricing that will adequately compensate the Company for assuming that risk, management may require a certain amount of collateral support. The type of collateral held varies, but may include accounts receivable, inventory, land, buildings, equipment, income-producing commercial properties and residential real estate. The Company applies the same collateral policy for loans whether they are funded immediately or on a delayed basis. The loan and lease portfolio is principally located in Hawaii and, to a lesser extent, on the U.S. Mainland, Guam and Saipan. The risk inherent in the portfolio depends upon both the economic stability of the state or territories, which affects property values, and the financial strength and creditworthiness of the borrowers.

At December 31, 2019 and 2018, remaining loan and lease commitments were comprised of the following:


	December 31,
(dollars in thousands)	2019		2018
Commercial and industrial	$	2,451,362	$	2,484,857
Commercial real estate		130,597		114,186
Construction		718,121		526,938
Residential:
Residential mortgage		842		121
Home equity line		1,052,739		913,636
Total residential		1,053,581		913,757
Consumer		1,554,029		1,509,853
Total loan and lease commitments	$	5,907,690	$	5,549,591