BOH » Topics » Deposits

These excerpts taken from the BOH 10-K filed Feb 25, 2009.

Deposits

Total deposits were $8.3 billion as of December 31, 2008, a $349.7 million or 4% increase from December 31, 2007. We experienced strong deposit growth particularly during the fourth quarter of 2008. This increase was primarily due to a $491.8 million increase in our new Bonus Rate Savings Plus product as well as a $213.5 million increase in our new interest-bearing personal money management product in 2008. This was partially offset by a $228.1 million decrease in our non-interest bearing personal checking account product. We also experienced a $163.7 million decrease in time deposits as some customers moved their deposits to more liquid savings and interest-bearing demand products, in light of current economic conditions.

Average time deposits of $100,000 or more was $946.0 million in 2008 and $976.7 million in 2007. See Note 7 to the Consolidated Financial Statements for more information.

Table 14 presents the components of our savings deposits as of December 31, 2008 and 2007.

Savings Deposits   Table 14
 
(dollars in thousands)
  2008
  2007
 
   

Money Market

  $ 1,173,132   $ 1,061,808  

Regular Savings

    1,931,731     1,626,895  
   

Total Savings Deposits

  $ 3,104,863   $ 2,688,703  
   

Deposits



Total deposits were $8.3 billion as of December 31, 2008, a $349.7 million or 4% increase from December 31, 2007. We
experienced strong deposit growth particularly during the fourth quarter of 2008. This increase was primarily due to a $491.8 million increase in our new Bonus Rate Savings Plus product as well
as a $213.5 million increase in our new interest-bearing personal money management product in 2008.
This was partially offset by a $228.1 million decrease in our non-interest bearing personal checking account product. We also experienced a $163.7 million decrease in time
deposits as some customers moved their deposits to more liquid savings and interest-bearing demand products, in light of current economic conditions.



Average
time deposits of $100,000 or more was $946.0 million in 2008 and $976.7 million in 2007. See Note 7 to the Consolidated Financial Statements for more information.



Table 14
presents the components of our savings deposits as of December 31, 2008 and 2007.



















Savings Deposits Table 14
 


































































(dollars in thousands)
 2008
 2007
 
  

Money Market

 $1,173,132 $1,061,808 

Regular Savings

  1,931,731  1,626,895 
  

Total Savings Deposits

 $3,104,863 $2,688,703 
  




Note 7.        Deposits

Time Deposits

As of December 31, 2008 and 2007, the Company's total time deposits were $1.6 billion and $1.7 billion, respectively. As of December 31, 2008, the contractual maturities of these time deposits were as follows:

(dollars in thousands)
  Amount
 
   

2009

  $ 1,329,312  

2010

    80,208  

2011

    108,638  

2012

    13,826  

2013

    16,763  

Thereafter

    29,153  
   

Total

  $ 1,577,900  
   

72


Table of Contents

The amount of time deposits with balances of $100,000 or more was $922.2 million and $997.7 million as of December 31, 2008 and 2007, respectively. As of December 31, 2008, the contractual maturities of these time deposits were as follows:

(dollars in thousands)
  Amount
 
   

Three Months or Less

  $ 492,468  

Over Three Months through Six Months

    232,393  

Over Six Months through Twelve Months

    104,794  

Over Twelve Months

    92,515  
   

Total

  $ 922,170  
   

Public Deposits

As of December 31, 2008 and 2007, deposits of governmental entities of $8.5 million and $0.7 million, respectively, required collateralization by acceptable investment securities of the Company.

Note 7.        Deposits



Time Deposits



As of December 31, 2008 and 2007, the Company's total time deposits were $1.6 billion and $1.7 billion, respectively. As of
December 31, 2008, the contractual maturities of these time deposits were as follows:
















































































(dollars in thousands)
 Amount
 
  

2009

 $1,329,312 

2010

  80,208 

2011

  108,638 

2012

  13,826 

2013

  16,763 

Thereafter

  29,153 
  

Total

 $1,577,900 
  



72









HREF="#bg73601a_main_toc">Table of Contents




The amount of time deposits with balances of $100,000 or more was $922.2 million and $997.7 million as of December 31, 2008 and 2007,
respectively. As of December 31, 2008, the contractual maturities of these time deposits were as follows:


































































(dollars in thousands)
 Amount
 
  

Three Months or Less

 $492,468 

Over Three Months through Six Months

  232,393 

Over Six Months through Twelve Months

  104,794 

Over Twelve Months

  92,515 
  

Total

 $922,170 
  




Public Deposits



As of December 31, 2008 and 2007, deposits of governmental entities of $8.5 million and $0.7 million, respectively, required
collateralization by acceptable investment securities of the Company.




These excerpts taken from the BOH 10-K filed Feb 25, 2008.

Note 7.        Deposits

Time Deposits

As of December 31, 2007 and 2006, the Company's total time deposits were $1.7 billion. As of December 31, 2007, the contractual maturities of these time deposits as of were as follows:

(dollars in thousands)
  Amount

2008   $ 1,525,191
2009     114,085
2010     44,910
2011     13,492
2012     14,181
Thereafter     29,728

Total   $ 1,741,587

The amount of time deposits with balances of $100,000 or more was $997.7 million and $961.6 million as of December 31, 2007 and 2006, respectively. As of December 31, 2007, the contractual maturities of these time deposits were as follows:

(dollars in thousands)
  Amount

Three Months or Less   $ 402,272
Over Three Months through Six Months     391,762
Over Six Months through Twelve Months     135,001
Over Twelve Months     68,619

Total   $ 997,654

Public Deposits

As of December 31, 2007 and 2006, deposits of governmental entities of $0.7 million and $4.4 million, respectively, required collateralization by acceptable investment securities of the Company.

67


Note 7.        Deposits



Time Deposits



As of December 31, 2007 and 2006, the Company's total time deposits were $1.7 billion. As of December 31, 2007, the contractual maturities of these time
deposits as of were as follows:





























































(dollars in thousands)
 Amount

2008 $1,525,191
2009  114,085
2010  44,910
2011  13,492
2012  14,181
Thereafter  29,728

Total $1,741,587





The amount of time deposits with balances of $100,000 or more was $997.7 million and $961.6 million as of December 31, 2007 and 2006,
respectively. As of December 31, 2007, the contractual maturities of these time deposits were as follows:

















































(dollars in thousands)
 Amount

Three Months or Less $402,272
Over Three Months through Six Months  391,762
Over Six Months through Twelve Months  135,001
Over Twelve Months  68,619

Total $997,654





Public Deposits



As of December 31, 2007 and 2006, deposits of governmental entities of $0.7 million and $4.4 million, respectively, required collateralization by
acceptable investment securities of the Company.



67









This excerpt taken from the BOH 10-Q filed Jul 25, 2007.

Deposits

As of June 30, 2007, total deposits were $8.3 billion, an increase of $291.0 million or 4% and by $548.4 million or 7% from December 31, 2006 and June 30, 2006, respectively.  Although the number of noninterest-bearing demand deposit accounts increased, balances decreased by $97.5 million and $79.7 million from December 31, 2006 and June 30, 2006, respectively, primarily due to customers moving their balances to higher yielding products.  Interest-bearing demand and savings balances collectively increased by $345.6 million and $384.9 million from December 31, 2006 and June 30, 2006, respectively, as rates paid on these interest-bearing products have increased.  Time deposits also increased by $42.9 million and $243.2 million from December 31, 2006 and June 30, 2006, respectively, largely due to a migration of retail deposits to higher yielding time deposits.

Table 10 presents the Company’s average balance of time deposits of $100,000 or more. 

Average Time Deposits of $100,000 or More (Unaudited)

Table 10

 

 

 

Three Months Ended

 

Six Months Ended

 

(dollars in thousands)

 

June 30, 2007

 

December 31, 2006

 

June 30, 2006 1

 

June 30, 2007

 

June 30, 2006 1

 

Average Time Deposits

 

$

960,960

 

$

914,070

 

$

769,275

 

$

973,817

 

$

739,916

 

 

1  Certain prior period information has been reclassified to conform to current presentation.

This excerpt taken from the BOH 10-Q filed May 2, 2007.

Deposits

As of March 31, 2007, total deposits were $8.0 billion, a decrease of $70.5 million and $194.2 million from December 31, 2006 and March 31, 2006, respectively.  Although the number of noninterest-bearing demand deposit accounts increased, balances decreased by $20.2 million and $403.7 million from December 31, 2006 and March 31, 2006, respectively, primarily due to customers moving their balances to higher yielding products.  Interest-bearing demand and savings balances collectively decreased by $66.1 million and $123.8 million from December 31, 2006 and March 31, 2006, respectively.  The decrease is largely due to a migration of retail deposits to higher yielding time deposits, which increased by $15.8 million and $333.3 million from December 31, 2006 and March 31, 2006, respectively.

Table 10 presents the Company’s average balance of time deposits of $100,000 or more as of March 31, 2007, December 31, 2006, and March 31, 2006.

Average Time Deposits of $100,000 or More (Unaudited)

Table 10

 

 

 

Three Months Ended

 

(dollars in thousands)

 

March 31, 2007

 

December 31, 2006

 

March 31, 2006

 

Average Time Deposits

 

$

988,721

 

$

915,215

 

$

710,900

 

 

This excerpt taken from the BOH 10-K filed Feb 22, 2007.

Note 7.   Deposits

Time deposits with balances of $100,000 or more were $961.6 million and $695.7 million as of December 31, 2006 and 2005, respectively.

Maturities of time deposits of $100,000 or more as of December 31, 2006 were as follows:

(dollars in thousands)

 

Amount

 

Due in 0 to 3 Months

 

$

482,640

 

Due in 4 to 6 Months

 

193,100

 

Due in 7 to 12 Months

 

212,916

 

Due in 2008

 

40,696

 

Due in 2009

 

21,774

 

Due in 2010

 

3,538

 

Due in 2011

 

4,590

 

Due Thereafter

 

2,332

 

Total

 

$

961,586

 

 

As of December 31, 2006 and 2005, deposits of governmental entities of $4.4 million and $2.6 million, respectively, required collateralization by acceptable investment securities of the Company.

This excerpt taken from the BOH 10-Q filed Oct 25, 2006.

Deposits

As of September 30, 2006, total deposits were $7.7 billion, a decrease of $220.3 million and $69.5 million from December 31, 2005 and September 30, 2005, respectively.  Although the number of noninterest-bearing demand deposit accounts increased, balances decreased $255.3 million from December 31, 2005 primarily due to customers moving their balances to higher yielding products.  Interest-bearing demand and savings balances decreased by $69.7 million and $222.3 million, respectively, from December 31, 2005.  The decrease is largely due to migration of retail deposits to higher yielding time deposits, which increased by $326.9 million from December 31, 2005.

Average time deposits of $100,000 or more are presented in Table 11.

Average Time Deposits of $100,000 or More (Unaudited)

 

Table 11

 

 

 

Three Months Ended

 

Nine Months Ended

 

(dollars in thousands)

 

Sept. 30, 2006

 

Dec. 31, 2005

 

Sept. 30, 2005

 

Sept. 30, 2006

 

Sept. 30, 2005

 

Average Time Deposits

 

$

837,042

 

$

695,559

 

$

675,216

 

$

773,267

 

$

632,351

 

 

27




 

This excerpt taken from the BOH 10-Q filed Jul 26, 2006.

Deposits

 

At June 30, 2006, deposits totaled $7.8 billion, a decrease of $141.4 million from December 31, 2005 and an increase of $39.3 million from June 30, 2005.  Although the number of non-interest-bearing demand deposit accounts increased, balances decreased $158.9 million from December 31, 2005 primarily due to lower analyzed business demand and correspondent bank balances. Analyzed business demand decreased as a result of lower target balances due to increases in the earnings credit rate.  Interest-bearing demand and savings balances decreased $75.5 million and $128.2 million, respectively, from December 31, 2005.  The decrease is largely due to migration of retail deposits to higher yielding time deposits, which increased $221.2 million from December 31, 2005.

 

Average time deposits of $100,000 or more are presented in Table 11.

 

Average Time Deposits of $100,000 or More (Unaudited)

 

Table 11

 

 

 

Three Months Ended

 

Six Months Ended

 

(dollars in thousands)

 

June 30, 2006

 

December 31, 2005

 

June 30, 2005

 

June 30, 2006

 

June 30, 2005

 

Average Time Deposits

 

$

770,470

 

$

695,559

 

$

631,831

 

$

740,827

 

$

610,546

 

 

26



 

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