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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2017	Aug. 03, 2017
Document and Entity Information
Entity Registrant Name	FIRST HAWAIIAN, INC.
Entity Central Index Key	0000036377
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		139,546,615
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q2

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest income
Loans and lease financing	$ 114,179	$ 105,701	$ 223,445	$ 210,058
Available-for-sale securities	25,059	19,453	51,488	36,012
Other	781	1,907	2,007	4,803
Total interest income	140,019	127,061	276,940	250,873
Interest expense
Deposits	8,760	6,541	16,330	12,970
Short-term borrowings and long-term debt	5	93	11	164
Total interest expense	8,765	6,634	16,341	13,134
Net interest income	131,254	120,427	260,599	237,739
Provision for loan and lease losses	4,400	1,900	8,900	2,600
Net interest income after provision for loan and lease losses	126,854	118,527	251,699	235,139
Noninterest income
Service charges on deposit accounts	9,412	9,395	18,967	19,184
Credit and debit card fees	14,157	13,810	28,636	27,629
Other service charges and fees	8,110	8,914	17,207	18,141
Trust and investment services income	7,526	7,323	14,864	14,728
Bank-owned life insurance	2,927	3,792	7,505	6,148
Investment securities gains, net		3		25,731
Other	6,738	3,134	11,098	8,329
Total noninterest income	48,870	46,371	98,277	119,890
Noninterest expense
Salaries and employee benefits	43,257	41,955	86,557	86,656
Contracted services and professional fees	12,388	9,939	22,696	22,694
Occupancy	5,023	4,809	10,344	10,121
Equipment	4,527	4,116	8,724	7,943
Regulatory assessment and fees	3,750	2,846	7,524	5,323
Advertising and marketing	1,222	1,425	3,250	3,049
Card rewards program	4,618	2,729	9,129	6,231
Other	10,456	10,654	21,356	21,520
Total noninterest expense	85,241	78,473	169,580	163,537
Income before provision for income taxes	90,483	86,425	180,396	191,492
Provision for income taxes	33,588	31,565	66,761	71,101
Net income	$ 56,895	$ 54,860	$ 113,635	$ 120,391
Basic earnings per share (in dollars per share)	$ 0.41	$ 0.39	$ 0.81	$ 0.86
Diluted earnings per share (in dollars per share)	0.41	0.39	0.81	0.86
Dividends declared per share (in dollars per share)	$ 0.22	$ 0.22	$ 0.44	$ 0.22
Basic weighted-average outstanding shares (in shares)	139,546,615	139,459,620	139,546,174	139,459,620
Diluted weighted-average outstanding shares (in shares)	139,646,117	139,459,620	139,644,557	139,459,620

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Consolidated Statements of Comprehensive Income
Net income	$ 56,895	$ 54,860	$ 113,635	$ 120,391
Other comprehensive income, net of tax:
Net unrealized losses on pensions and other benefits		(46)		(46)
Net unrealized gains on investment securities	18,885	13,067	19,842	46,455
Net unrealized gains (losses) on cash flow derivative hedges	156	125	518	(377)
Other comprehensive income	19,041	13,146	20,360	46,032
Total comprehensive income	$ 75,936	$ 68,006	$ 133,995	$ 166,423

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and due from banks	$ 355,752	$ 253,827
Interest-bearing deposits in other banks	872,013	798,231
Investment securities	5,126,869	5,077,514
Loans and leases	12,062,392	11,520,378
Less: allowance for loan and lease losses	136,883	135,494
Net loans and leases	11,925,509	11,384,884
Premises and equipment, net	292,959	300,788
Other real estate owned and repossessed personal property	329	329
Accrued interest receivable	39,739	41,971
Bank-owned life insurance	432,726	429,209
Goodwill	995,492	995,492
Other intangible assets	14,877	16,809
Other assets	317,709	362,775
Total assets	20,373,974	19,661,829
Deposits:
Interest-bearing	11,580,664	10,801,915
Noninterest-bearing	5,871,598	5,992,617
Total deposits	17,452,262	16,794,532
Short-term borrowings		9,151
Long-term debt	41	41
Retirement benefits payable	134,400	132,904
Other liabilities	234,669	248,716
Total liabilities	17,821,372	17,185,344
Commitments and contingent liabilities (Note 11)
Stockholders' equity
Common stock ($0.01 par value; authorized 300,000,000 shares; issued and outstanding 139,546,615 shares and 139,530,654 shares as of June 30, 2017 and December 31, 2016, respectively)	1,395	1,395
Additional paid-in capital	2,488,091	2,484,251
Retained earnings	130,767	78,850
Accumulated other comprehensive loss, net	(67,651)	(88,011)
Total stockholders' equity	2,552,602	2,476,485
Total liabilities and stockholders' equity	$ 20,373,974	$ 19,661,829

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Consolidated Balance Sheets
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	300,000,000	300,000,000
Common stock, issued (in shares)	139,546,615	139,530,654
Common stock outstanding (in shares)	139,546,615	139,530,654

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Net Investment	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Balance at Dec. 31, 2015	$ 2,788,200				$ (51,259)	$ 2,736,941
Balance (in shares) at Dec. 31, 2015		139,459,620
Increase (Decrease) in Stockholders' Equity
Net income \| Subsequent to reorganization on April 1, 2016				$ 54,860		54,860
Net income \| Prior to reorganization on April 1, 2016	65,531					65,531
Net income						120,391
Distributions \| Subsequent to reorganization on April 1, 2016			$ (70,724)			(70,724)
Distributions \| Prior to reorganization on April 1, 2016	(363,624)					(363,624)
Contributions			61,992			61,992
Recapitalization of First Hawaiian, Inc.	$ (2,490,107)	$ 1,395	2,488,712
Cash dividends declared ($0.44 and $0.22 per share for six months ended June 30, 2017 and 2016, respectively)				(30,000)		(30,000)
Other comprehensive income, net of tax					46,032	46,032
Balance at Jun. 30, 2016		$ 1,395	2,479,980	24,860	(5,227)	2,501,008
Balance (in shares) at Jun. 30, 2016		139,459,620
Balance at Mar. 31, 2016					(18,373)
Increase (Decrease) in Stockholders' Equity
Net income						54,860
Other comprehensive income, net of tax					13,146	13,146
Balance at Jun. 30, 2016		$ 1,395	2,479,980	24,860	(5,227)	2,501,008
Balance (in shares) at Jun. 30, 2016		139,459,620
Balance at Dec. 31, 2016		$ 1,395	2,484,251	78,850	(88,011)	$ 2,476,485
Balance (in shares) at Dec. 31, 2016		139,530,654				139,530,654
Increase (Decrease) in Stockholders' Equity
Net income				113,635		$ 113,635
Cash dividends declared ($0.44 and $0.22 per share for six months ended June 30, 2017 and 2016, respectively)				(61,400)		(61,400)
Common stock issued under Employee Stock Purchase Plan			528			528
Common stock issued under Employee Stock Purchase Plan (in shares)		15,961
Equity-based awards			3,312	(318)		2,994
Other comprehensive income, net of tax					20,360	20,360
Balance at Jun. 30, 2017		$ 1,395	2,488,091	130,767	(67,651)	$ 2,552,602
Balance (in shares) at Jun. 30, 2017		139,546,615				139,546,615
Balance at Mar. 31, 2017					(86,692)
Increase (Decrease) in Stockholders' Equity
Net income						$ 56,895
Other comprehensive income, net of tax					19,041	19,041
Balance at Jun. 30, 2017		$ 1,395	$ 2,488,091	$ 130,767	$ (67,651)	$ 2,552,602
Balance (in shares) at Jun. 30, 2017		139,546,615				139,546,615

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Consolidated Statements of Stockholders' Equity
Cash dividends declared (in dollars per share)	$ 0.22	$ 0.22	$ 0.44	$ 0.22

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net income	$ 113,635	$ 120,391
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan and lease losses	8,900	2,600
Depreciation, amortization and accretion, net	30,220	24,495
Deferred income taxes	4,425	6,662
Stock-based compensation	2,994
Other gains	(133)	(25)
Net gains on sales of loans held for sale	(13)
Net gains on investment securities		(25,731)
Change in assets and liabilities:
Net decrease in other assets	13,487	14,157
Net decrease in other liabilities	(14,619)	(2,711)
Net cash provided by operating activities	158,896	139,838
Available-for-sale securities:
Proceeds from maturities and principal repayments	412,621	551,595
Proceeds from sales		534,107
Purchases	(438,348)	(1,554,942)
Other investments:
Proceeds from sales	11,463	11,801
Purchases	(9,651)	(11,832)
Loans:
Net increase in loans and leases resulting from originations and principal repayments	(539,237)	(466,843)
Proceeds from sales of loans originated for investment	672
Purchases of loans	(8,000)
Proceeds from bank-owned life insurance	3,987	1,021
Purchases of premises, equipment and software	(4,019)	(8,565)
Proceeds from sales of premises and equipment	27	50
Proceeds from sales of other real estate owned	635	167
Other	(1,046)	66
Net cash used in investing activities	(570,896)	(943,375)
Cash flows from financing activities
Net increase in deposits	657,730	60,180
Net decrease in short-term borrowings	(9,151)	(181,200)
Dividends paid	(61,400)	(30,000)
Distributions paid		(363,624)
Proceeds from employee stock purchase plan	528
Net cash provided by (used in) financing activities	587,707	(514,644)
Net increase (decrease) in cash and cash equivalents	175,707	(1,318,181)
Cash and cash equivalents at beginning of period	1,052,058	2,650,195
Cash and cash equivalents at end of period	1,227,765	1,332,014
Supplemental disclosures
Interest paid	15,154	12,663
Income taxes paid, net of income tax refunds	31,091	104,792
Noncash investing and financing activities:
Transfers from loans and leases to other real estate owned	524	202
Transfers from loans and leases to loans held for sale	$ 659
Derivative liability entered into in connection with sale of investment securities		$ 8,828

Organization and Basis of Presentation	6 Months Ended
Organization and Basis of Presentation	Jun. 30, 2017
Organization and Basis of Presentation
Organization and Basis of Presentation	1. Organization and Basis of Presentation First Hawaiian, Inc. (“FHI”), a bank holding company, owns 100% of the outstanding common stock of First Hawaiian Bank (“FHB” or the “Bank”), its only direct, wholly-owned subsidiary. FHI is a majority-owned, indirect subsidiary of BNP Paribas (“BNPP”), a financial institution based in France. Reorganization Transactions In connection with FHI’s initial public offering (“IPO”) in August 2016, in which BNPP sold approximately 17% of its interest in FHI, BNPP announced its intent to sell a controlling interest in FHI, including its wholly-owned subsidiary FHB, over time, subject to market conditions and other considerations. On April 1, 2016, a series of reorganization transactions (the “Reorganization Transactions”) were undertaken to facilitate the IPO. As part of the Reorganization Transactions, FHI, which was then known as BancWest Corporation (“BancWest”), formed a new bank holding company, BancWest Holding Inc. (“BWHI”), a Delaware corporation and a direct wholly-owned subsidiary of BancWest, and contributed 100% of its interest in Bank of the West (“BOW”), as well as other assets and liabilities not related to FHB, to BWHI. Following the contribution of BOW to BWHI, BancWest distributed its interest in BWHI to BNPP. As part of these transactions, BancWest amended its certificate of incorporation to change its name to “First Hawaiian, Inc.”, with First Hawaiian Bank remaining as the only direct wholly-owned subsidiary of FHI. On July 1, 2016, in order to comply with the Board of Governors of the Federal Reserve System’s requirement (under Regulation YY) applicable to BNPP that a foreign banking organization with $50 billion or more in U.S. non-branch assets as of June 30, 2015 establish a U.S. intermediate holding company and hold its interest in the substantial majority of its U.S. subsidiaries through the intermediate holding company by July 1, 2016, FHI became an indirect subsidiary of BNP Paribas USA, Inc. (“BNP Paribas USA”), BNPP’s U.S. intermediate holding company. As part of that reorganization, FHI became a direct wholly-owned subsidiary of BancWest Corporation (“BWC”), a direct wholly-owned subsidiary of BNP Paribas USA. On August 4, 2016, FHI’s common stock began trading on the NASDAQ Global Select Market under the ticker symbol “FHB”. On August 9, 2016, the IPO of 24,250,000 shares of FHI common stock, which included the full exercise of the underwriters’ option to purchase an additional 3,163,043 shares, at $23.00 per share was completed. On February 17, 2017, a secondary offering of 28,750,000 shares of FHI common stock, which included the full exercise of the underwriters’ option to purchase an additional 3,750,000 shares, at $32.00 per share was completed. FHI did not receive any of the proceeds from the sales of shares by BNPP. Following the secondary offering and exercise of the underwriters’ option to purchase additional shares in February 2017, BNPP beneficially owned approximately 62% of FHI’s common stock. BNPP continued to beneficially own approximately 62% of FHI’s common stock as of June 30, 2017. Basis of Presentation The accompanying unaudited consolidated financial statements of First Hawaiian, Inc. and Subsidiary (the “Company”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The accompanying unaudited consolidated financial statements and notes thereto should be read in conjunction with the Company’s audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. In the opinion of management, all adjustments, which consist of normal recurring adjustments necessary for a fair presentation of the interim period consolidated financial information, have been made. Results of operations for interim periods are not necessarily indicative of results to be expected for the entire year. Intercompany account balances and transactions have been eliminated in consolidation. Use of Estimates in the Preparation of Financial Statements The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and various other assumptions believed to be reasonable. Although these estimates are based on management’s best knowledge of current events, actual results may differ from these estimates. Accounting Standards Adopted in 2017 In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. This guidance requires entities to record all excess tax benefits and tax deficiencies as an income tax benefit or expense in the statement of income; changes the classification of excess tax benefits to an operating activity in the statement of cash flows; allows entities to elect whether to account for forfeitures of share-based payments by recognizing forfeitures of awards as they occur or by estimating the number of awards expected to be forfeited and adjusting the estimate when it is no longer probable that the employee will fulfill the service condition, as is currently required; and permitting entities to withhold up to the maximum individual statutory tax rate without classifying the awards as a liability. Upon adoption of ASU No. 2016-09 on January 1, 2017, the Company made an accounting policy election to recognize forfeitures of stock-based awards as they occur. The adoption of ASU No. 2016-09 did not have a material impact on the Company’s consolidated financial statements. Recent Accounting Pronouncements The following ASUs have been issued by the FASB and are applicable to the Company in future reporting periods. In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). This guidance amends most of the currently existing revenue recognition principles and requires entities to recognize revenues when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company has completed an overall assessment of revenue streams that will be potentially affected by the new guidance. The Company is in the process of identifying contracts that are under the scope of the new guidance. The contracts that management expects to review include those related to commission income, service charges and fees on deposit accounts, credit card arrangements and trust and custody services. This update will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The Company expects to adopt a modified retrospective transition approach, in which the guidance would only be applied to existing contracts in effect at the adoption date and new contracts entered into after the adoption date. The Company continues to evaluate the impact that this standard will have on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). This guidance provides that lessees will be required to recognize the following for all leases (with the exception of short-term leases): 1) a lease liability, which is the present value of a lessee's obligation to make lease payments, and 2) a right-of-use asset, which is an asset that represents the lessee's right to use, or control the use of, a specified asset for the lease term. Lessor accounting under the new guidance remains largely unchanged as it is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. This update will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Entities are required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period presented in the financial statements. The Company has lease agreements, such as leases for branch locations, which are currently considered operating leases, and therefore, not recognized on the Company’s consolidated balance sheets. The Company preliminarily expects the new guidance will require these lease agreements to be recognized on the consolidated balance sheets as a right-of-use asset with a corresponding lease liability. However, the Company continues to evaluate the extent of the potential impact this guidance will have on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. This guidance changes the accounting for credit losses on loans and debt securities. For loans and held-to-maturity debt securities, this update requires a current expected credit loss (“CECL”) approach to determine the allowance for credit losses. CECL requires loss estimates for the remaining estimated life of the financial asset using historical experience, current conditions and reasonable and supportable forecasts. In addition, this guidance modifies the other-than-temporary impairment model for available-for-sale debt securities to require an allowance for credit impairment instead of a direct write-down, which allows for a reversal of credit losses in future periods. This update requires entities to record a cumulative effect adjustment to the balance sheet as of the beginning of the first reporting period in which the guidance is effective. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with earlier adoption permitted. The Company is currently evaluating the capability of its existing systems and processes to support the implementation of this new standard as well as the impact that this standard will have on the Company’s consolidated financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350), Simplifying the Test for Goodwill Impairment. This guidance simplifies the subsequent measurement of goodwill by eliminating Step 2 from the current two-step goodwill impairment test. This guidance provides that a goodwill impairment test be conducted by comparing the fair value of a reporting unit with its carrying amount. Entities are to recognize an impairment charge for goodwill by the amount by which the carrying amount exceeds the reporting unit’s fair value. Entities will continue to have the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The adoption of ASU No. 2017-04 is not expected to have a material impact on the Company’s consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-07, Compensation – Retirement Benefits (Topic 715), Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost. This guidance requires entities to report the service cost component of net periodic benefit cost in the same line item as other compensation costs arising from services rendered by pertinent employees during the reporting period. The other components of net periodic benefit costs are to be presented in the income statement separately from the service cost component. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The adoption of ASU No. 2017-07 is not expected to have a material impact on the Company’s consolidated financial statements. In March 2017, the FASB issued ASU No. 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities. Under current GAAP, entities normally amortize the premium as an adjustment of yield over the contractual life of the instrument. This guidance shortens the amortization period for certain callable debt securities held at a premium to the earliest call date. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The adoption of ASU No. 2017-08 is not expected to have a material impact on the Company’s consolidated financial statements. In May 2017, the FASB issued ASU No. 2017-09, Compensation – Stock Compensation (Topic 718), Scope of Modification Accounting. This guidance applies to entities that change the terms or conditions of a share-based payment award. This update clarifies when an entity should account for a change as a modification. Modification accounting will be required only if the fair value, the vesting conditions or the classification of the award (as equity or liability) changes as a result of the change in terms or conditions. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017. The adoption of ASU No. 2017-09 is not expected to have a material impact on the Company’s consolidated financial statements.

Investment Securities

6 Months Ended

Jun. 30, 2017

Investment Securities

Investment Securities

2. Investment Securities

As of June 30, 2017 and December 31, 2016, investment securities consisted predominantly of the following investment categories:

U.S. Treasury and debt securities – includes U.S. Treasury notes and debt securities issued by government-sponsored enterprises.

Mortgage- and asset-backed securities – includes securities backed by notes or receivables secured by either mortgage or prime auto assets with cash flows based on actual or scheduled payments.

Collateralized mortgage obligations – includes securities backed by a pool of mortgages with cash flows distributed based on certain rules rather than pass through payments.

As of June 30, 2017 and December 31, 2016, all of the Company’s investment securities were classified as debt securities and available-for-sale. Amortized cost and fair value of securities as of June 30, 2017 and December 31, 2016 were as follows:


	June 30, 2017								December 31, 2016
	Amortized		Unrealized		Unrealized		Fair		Amortized		Unrealized		Unrealized		Fair
(dollars in thousands)	Cost		Gains		Losses		Value		Cost		Gains		Losses		Value
U.S. Treasury securities	$	405,011	$	—	$	(8,169)	$	396,842	$	405,637	$	—	$	(13,164)	$	392,473
Government-sponsored enterprises debt securities		249,709		54		(4,445)		245,318		249,707		16		(7,056)		242,667
Government agency mortgage-backed securities		173,078		—		(4,280)		168,798		190,485		—		(4,822)		185,663
Government-sponsored enterprises mortgage-backed securities		194,340		267		(2,990)		191,617		208,034		385		(4,034)		204,385
Non-government asset-backed securities		3,802		—		(1)		3,801		12,592		—		(9)		12,583
Collateralized mortgage obligations:
Government agency		3,345,644		1,760		(38,085)		3,309,319		3,409,822		794		(58,794)		3,351,822
Government-sponsored enterprises		821,593		1,236		(11,655)		811,174		700,338		789		(13,206)		687,921
Total available-for-sale securities	$	5,193,177	$	3,317	$	(69,625)	$	5,126,869	$	5,176,615	$	1,984	$	(101,085)	$	5,077,514

Proceeds from calls and sales of investment securities were nil for both the three and six months ended June 30, 2017. Proceeds from calls and sales of investment securities totaled $50.0 million and nil, respectively, for the three months ended June 30, 2016, and $75.0 million and $505.0 million, respectively, for the six months ended June 30, 2016. Gross realized gains were nil for both the three and six months ended June 30, 2017. Including the 2016 sale of Visa Class B restricted shares described below, the Company recorded gross realized gains of nil and $25.8 million for the three and six months ended June 30, 2016, respectively. Gross realized losses were nil for both the three and six months ended June 30, 2017. The Company recorded gross realized losses of nil and $0.1 million for the three and six months ended June 30, 2016, respectively. The provision for income taxes related to the Company’s net realized gains on the sale of investment securities was nil for the three and six months ended June 30, 2017 and nil and $10.2 million for the three and six months ended June 30, 2016, respectively. Gains and losses realized on sales of securities are determined using the specific identification method.

Interest income from taxable investment securities was $25.1 million and $19.5 million for the three months ended June 30, 2017 and 2016, respectively, and $51.5 million and $36.0 million for the six months ended June 30, 2017 and 2016, respectively. The Company did not own any non-taxable investment securities during both the three and six months ended June 30, 2017 and 2016.

The amortized cost and fair value of U.S. Treasury and government-sponsored enterprises debt securities as of June 30, 2017, by contractual maturity, are shown below. Mortgage-backed securities, asset-backed securities and collateralized mortgage obligations are disclosed separately in the table below as remaining expected maturities will differ from contractual maturities as borrowers have the right to prepay obligations.


	June 30, 2017
	Amortized		Fair
(dollars in thousands)	Cost		Value
Due after one year through five years	$	305,580	$	299,129
Due after five years through ten years		349,140		343,031
		654,720		642,160

Government agency mortgage-backed securities		173,078		168,798
Government-sponsored enterprises mortgage-backed securities		194,340		191,617
Non-government asset-backed securities		3,802		3,801
Collateralized mortgage obligations:
Government agency		3,345,644		3,309,319
Government-sponsored enterprises		821,593		811,174
Total mortgage- and asset-backed securities		4,538,457		4,484,709
Total available-for-sale securities	$	5,193,177	$	5,126,869

At June 30, 2017, pledged securities totaled $2.9 billion, of which $2.7 billion was pledged to secure public deposits and $230.0 million was pledged to secure other financial transactions. At December 31, 2016, pledged securities totaled $2.7 billion, of which $2.5 billion was pledged to secure public deposits and repurchase agreements, and $209.1 million was pledged to secure other financial transactions.

The Company held no securities of any single issuer, other than the U.S. government, government agency and government-sponsored enterprises, which were in excess of 10% of stockholders’ equity as of June 30, 2017 and December 31, 2016.

The following table presents the gross unrealized losses and fair values of securities in the available-for-sale portfolio by length of time that the 165 and 158 individual securities in each category have been in a continuous loss position as of June 30, 2017 and December 31, 2016, respectively. The gross unrealized losses were primarily attributable to changes in interest rates, relative to when the investment securities were purchased, and not due to the credit quality of the investment securities.


	Time in Continuous Loss as of June 30, 2017
	Less Than 12 Months				12 Months or More				Total
	Unrealized				Unrealized				Unrealized
(dollars in thousands)	Losses		Fair Value		Losses		Fair Value		Losses		Fair Value
U.S. Treasury securities	$	(8,169)	$	396,842	$	—	$	—	$	(8,169)	$	396,842
Government-sponsored enterprises debt securities		(4,445)		210,264		—		—		(4,445)		210,264
Government agency mortgage-backed securities		(4,280)		168,798		—		—		(4,280)		168,798
Government-sponsored enterprises mortgage-backed securities		(2,990)		184,143		—		—		(2,990)		184,143
Non-government asset-backed securities		(1)		1,640		—		2,161		(1)		3,801
Collateralized mortgage obligations:
Government agency		(29,692)		2,488,757		(8,393)		329,429		(38,085)		2,818,186
Government-sponsored enterprises		(2,213)		373,103		(9,442)		254,440		(11,655)		627,543
Total available-for-sale securities with unrealized losses	$	(51,790)	$	3,823,547	$	(17,835)	$	586,030	$	(69,625)	$	4,409,577


	Time in Continuous Loss as of December 31, 2016
	Less Than 12 Months				12 Months or More				Total
	Unrealized				Unrealized				Unrealized
(dollars in thousands)	Losses		Fair Value		Losses		Fair Value		Losses		Fair Value
U.S. Treasury securities	$	(13,164)	$	392,473	$	—	$	—	$	(13,164)	$	392,473
Government-sponsored enterprises debt securities		(7,056)		207,651		—		—		(7,056)		207,651
Government agency mortgage-backed securities		(4,822)		185,663		—		—		(4,822)		185,663
Government-sponsored enterprises mortgage-backed securities		(4,034)		195,848		—		—		(4,034)		195,848
Non-government asset-backed securities		(3)		5,202		(6)		7,381		(9)		12,583
Collateralized mortgage obligations:
Government agency		(51,484)		2,847,103		(7,310)		233,706		(58,794)		3,080,809
Government-sponsored enterprises		(1,807)		252,065		(11,399)		279,282		(13,206)		531,347
Total available-for-sale securities with unrealized losses	$	(82,370)	$	4,086,005	$	(18,715)	$	520,369	$	(101,085)	$	4,606,374

Other-Than-Temporary Impairment (“OTTI”)

Unrealized losses for all investment securities are reviewed to determine whether the losses are other than temporary. Investment securities are evaluated for OTTI on at least a quarterly basis, and more frequently when economic and market conditions warrant such an evaluation, to determine whether the decline in fair value below amortized cost is other than temporary.

The term other-than-temporary is not intended to indicate that the decline is permanent, but indicates that the prospects for a near-term recovery of value are not necessarily favorable, or that there is a general lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. The decline in value is not related to any issuer- or industry-specific credit event. At June 30, 2017 and December 31, 2016, the Company did not have the intent to sell and determined it was more likely than not that the Company would not be required to sell the securities prior to recovery of the amortized cost basis. As the Company has the intent and ability to hold securities in an unrealized loss position, each security with an unrealized loss position in the above tables has been further assessed to determine if a credit loss exists. If it is probable that the Company will not collect all amounts due according to the contractual terms of an investment security, an OTTI is considered to have occurred. In determining whether a credit loss exists, the Company estimates the present value of future cash flows expected to be collected from the investment security. If the present value of future cash flows is less than the amortized cost basis of the security, an OTTI exists. As of June 30, 2017 and December 31, 2016, the Company did not expect any credit losses in its debt securities and no OTTI was recognized on securities during the six months ended June 30, 2017 and for the year ended December 31, 2016.

Visa Class B Restricted Shares

In 2008, the Company received 394,000 Visa Class B restricted shares as part of Visa’s initial public offering. Visa Class B restricted shares are not currently convertible to publicly traded Visa Class A common shares, and only transferable in limited circumstances, until the settlement of certain litigation which are indemnified by Visa members, including the Company. As there are existing transfer restrictions and the outcome of the aforementioned litigation is uncertain, these shares were included in the consolidated balance sheets at their historical cost of $0.

During the six months ended June 30, 2016, the Company recorded a $22.7 million net realized gain related to the sale of 274,000 Visa Class B restricted shares (recorded in the three months ended March 31, 2016). Concurrent with the sale of the Visa Class B restricted shares, the Company entered into an agreement with the buyer that requires payment to the buyer in the event Visa reduces each member bank’s Class B conversion ratio to unrestricted Class A common shares. See “Note 10. Derivative Financial Instruments” for more information. There were no such sales during the six months ended June 30, 2017 or during the three months ended June 30, 2016.

The Company held approximately 120,000 Visa Class B restricted shares as of both June 30, 2017 and December 31, 2016. These shares continued to be carried at $0 cost basis during each of the respective periods.

Loans and Leases

6 Months Ended

Jun. 30, 2017

Loans and Leases

Loans and Leases

3. Loans and Leases

As of June 30, 2017 and December 31, 2016, loans and leases were comprised of the following:


	June 30,		December 31,
(dollars in thousands)	2017		2016
Commercial and industrial	$	3,331,092	$	3,239,600
Real estate:
Commercial		2,545,479		2,343,495
Construction		555,794		450,012
Residential		3,921,881		3,796,459
Total real estate		7,023,154		6,589,966
Consumer		1,527,470		1,510,772
Lease financing		180,676		180,040
Total loans and leases	$	12,062,392	$	11,520,378

Outstanding loan balances are reported net of unearned income, including net deferred loan costs of $27.4 million and $23.8 million at June 30, 2017 and December 31, 2016, respectively.

As of June 30, 2017, residential real estate loans totaling $2.3 billion were pledged to collateralize the Company’s borrowing capacity at the Federal Home Loan Bank of Des Moines (“FHLB”), and consumer and commercial and industrial loans totaling $903.3 million were pledged to collateralize the borrowing capacity at the Federal Reserve Bank of San Francisco (“FRB”). As of December 31, 2016, residential real estate loans totaling $2.1 billion were pledged to collateralize the Company’s borrowing capacity at the FHLB, and consumer and commercial and industrial loans totaling $935.7 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 $2.4 million and $4.1 million at June 30, 2017 and December 31, 2016, 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 June 30, 2017 and December 31, 2016, remaining loan and lease commitments were comprised of the following:


	June 30,		December 31,
(dollars in thousands)	2017		2016
Commercial and industrial	$	2,180,122	$	2,185,810
Real estate:
Commercial		83,774		88,331
Construction		417,633		434,406
Residential		990,924		953,781
Total real estate		1,492,331		1,476,518
Consumer		1,481,746		1,459,467
Lease financing		16		16
Total loan and lease commitments	$	5,154,215	$	5,121,811

Allowance for Loan and Lease Losses

6 Months Ended

Jun. 30, 2017

Allowance for Loan and Lease Losses

Allowance for Loan and Lease Losses

4. Allowance for Loan and Lease Losses

The Company must maintain an allowance for loan and lease losses (the “Allowance”) that is adequate to absorb estimated probable credit losses associated with its loan and lease portfolio. The Allowance consists of an allocated portion, which covers estimated credit losses for specifically identified loans and pools of loans and leases, and an unallocated portion.

Segmentation

Management has identified three primary portfolio segments in estimating the Allowance: commercial lending, residential real estate lending and consumer lending. Commercial lending is further segmented into four distinct portfolios based on characteristics relating to the borrower, transaction, and collateral. These portfolio segments are: commercial and industrial, commercial real estate, construction, and lease financing. Residential real estate is not further segmented, but consists of single-family residential mortgages, real estate secured installment loans and home equity lines of credit. Consumer lending is not further segmented, but consists primarily of automobile loans, credit cards, and other installment loans. Management has developed a methodology for each segment taking into consideration portfolio segment-specific factors such as product type, loan portfolio characteristics, management information systems, and other risk factors.

Specific Allocation

Commercial

A specific allocation is determined for individually impaired commercial loans. A loan is considered impaired when it is probable that the Company will be unable to collect the full amount of principal and interest according to the contractual terms of the loan agreement.

Management identifies material impaired loans based on their size in relation to the Company’s total loan and lease portfolio. Each impaired loan equal to or exceeding a specified threshold requires an analysis to determine the appropriate level of reserve for that specific loan. Impaired loans below the specified threshold are treated as a pool, with specific allocations established based on qualitative factors such as asset quality trends, risk identification, lending policies, portfolio growth, and portfolio concentrations.

Residential

A specific allocation is determined for residential real estate loans based on delinquency status. In addition, each impaired loan equal to or exceeding a specified threshold requires analysis to determine the appropriate level of reserve for that specific loan, generally based on the value of the underlying collateral less estimated costs to sell. The specific allocation will be zero for impaired loans in which the value of the underlying collateral, less estimated costs to sell, exceeds the unpaid principal balance of the loan.

Consumer

A specific allocation is determined for the consumer loan portfolio using delinquency-based formula allocations. The Company uses a formula approach in determining the consumer loan specific allocation and recognizes the statistical validity of measuring losses predicated on past due status.

Pooled Allocation

Commercial

Pooled allocation for pass, special mention, substandard, and doubtful grade commercial loans and leases that share common risk characteristics and properties is determined using a historical loss rate analysis and qualitative factor considerations. Loan grade categories are discussed under “Credit Quality”.

Residential and Consumer

Pooled allocation for non-delinquent consumer and residential real estate loans is determined using a historical loss rate analysis and qualitative factor considerations.

Qualitative Adjustments

Qualitative adjustments to historical loss rates or other static sources may be necessary since these rates may not be an accurate indicator of losses inherent in the current portfolio. To estimate the level of adjustments, management considers factors including global, national and local economic conditions; levels and trends in problem loans; the effect of credit concentrations; collateral value trends; changes in risk due to changes in lending policies and practices; management expertise; industry and regulatory trends; and volume of loans.

Unallocated Allowance

The Company’s Allowance incorporates an unallocated portion to cover risk factors and events that may have occurred as of the evaluation date that have not been reflected in the risk measures utilized due to inherent limitations in the precision of the estimation process. These risk factors, in addition to past and current events based on facts at the unaudited consolidated balance sheet date and realistic courses of action that management expects to take, are assessed in determining the level of unallocated allowance.

The Allowance was comprised of the following for the periods indicated:


	Three Months Ended June 30, 2017
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Balance at beginning of period	$	31,557	$	19,932	$	4,532	$	813	$	43,541	$	27,456	$	8,016	$	135,847
Charge-offs		(75)		—		—		(146)		—		(5,251)		—		(5,472)
Recoveries		129		55		—		—		150		1,774		—		2,108
Increase (decrease) in Provision		1,730		24		939		190		683		3,924		(3,090)		4,400
Balance at end of period	$	33,341	$	20,011	$	5,471	$	857	$	44,374	$	27,903	$	4,926	$	136,883


	Six Months Ended June 30, 2017
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Balance at beginning of period	$	33,129	$	18,448	$	4,513	$	847	$	43,436	$	28,388	$	6,733	$	135,494
Charge-offs		(930)		—		—		(146)		(22)		(10,823)		—		(11,921)
Recoveries		243		132		—		—		471		3,564		—		4,410
Increase (decrease) in Provision		899		1,431		958		156		489		6,774		(1,807)		8,900
Balance at end of period	$	33,341	$	20,011	$	5,471	$	857	$	44,374	$	27,903	$	4,926	$	136,883


	Three Months Ended June 30, 2016
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Balance at beginning of period	$	35,027	$	18,504	$	4,514	$	807	$	45,638	$	27,923	$	4,741	$	137,154
Charge-offs		(52)		—		—		—		(456)		(4,295)		—		(4,803)
Recoveries		19		47		—		1		460		1,582		—		2,109
Increase (decrease) in Provision		798		(291)		122		(28)		810		3,176		(2,687)		1,900
Balance at end of period	$	35,792	$	18,260	$	4,636	$	780	$	46,452	$	28,386	$	2,054	$	136,360


	Six Months Ended June 30, 2016
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Balance at beginning of period	$	34,025	$	18,489	$	3,793	$	888	$	46,099	$	28,385	$	3,805	$	135,484
Charge-offs		(138)		—		—		—		(528)		(8,501)		—		(9,167)
Recoveries		222		3,246		—		1		766		3,208		—		7,443
Increase (decrease) in Provision		1,683		(3,475)		843		(109)		115		5,294		(1,751)		2,600
Balance at end of period	$	35,792	$	18,260	$	4,636	$	780	$	46,452	$	28,386	$	2,054	$	136,360

The disaggregation of the Allowance and recorded investment in loans by impairment methodology as of June 30, 2017 and December 31, 2016 were as follows:


	June 30, 2017
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Individually evaluated for impairment	$	5	$	7	$	—	$	—	$	653	$	—	$	—	$	665
Collectively evaluated for impairment		33,336		20,004		5,471		857		43,721		27,903		4,926		136,218
Balance at end of period	$	33,341	$	20,011	$	5,471	$	857	$	44,374	$	27,903	$	4,926	$	136,883
Loans and leases:
Individually evaluated for impairment	$	19,285	$	9,263	$	—	$	—	$	17,278	$	—	$	—	$	45,826
Collectively evaluated for impairment		3,311,807		2,536,216		555,794		180,676		3,904,603		1,527,470		—		12,016,566
Balance at end of period	$	3,331,092	$	2,545,479	$	555,794	$	180,676	$	3,921,881	$	1,527,470	$	—	$	12,062,392


	December 31, 2016
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Individually evaluated for impairment	$	380	$	7	$	—	$	—	$	705	$	—	$	—	$	1,092
Collectively evaluated for impairment		32,749		18,441		4,513		847		42,731		28,388		6,733		134,402
Balance at end of period	$	33,129	$	18,448	$	4,513	$	847	$	43,436	$	28,388	$	6,733	$	135,494
Loans and leases:
Individually evaluated for impairment	$	27,572	$	12,545	$	—	$	153	$	19,158	$	—	$	—	$	59,428
Collectively evaluated for impairment		3,212,028		2,330,950		450,012		179,887		3,777,301		1,510,772		—		11,460,950
Balance at end of period	$	3,239,600	$	2,343,495	$	450,012	$	180,040	$	3,796,459	$	1,510,772	$	—	$	11,520,378

Credit Quality

The Company performs an internal loan review and grading on an ongoing basis. The review provides management with periodic information as to the quality of the loan portfolio and effectiveness of the Company’s lending policies and procedures. The objective of the loan review and grading procedures is to identify, in a timely manner, existing or emerging credit quality problems so that appropriate steps can be initiated to avoid or minimize future losses.

Loans subject to grading include: commercial and industrial loans, commercial and standby letters of credit, installment loans to businesses or individuals for business and commercial purposes, commercial real estate loans, overdraft lines of credit, commercial credit cards, and other credits as may be determined. Loans which are not subject to grading include loans that are 100% sold with no recourse to the Company, consumer installment loans, indirect automobile loans, consumer credit cards, business credit cards, home equity lines of credit and residential mortgage loans.

Residential and consumer loans are underwritten primarily on the basis of credit bureau scores, debt-service-to-income ratios, and collateral quality and loan to value ratios.

A credit risk rating system is used to determine loan grade and is based on borrower credit risk and transactional risk. The loan grading process is a mechanism used to determine the risk of a particular borrower and is based on the following eight factors of a borrower: character, earnings and operating cash flow, asset and liability structure, debt capacity, financial reporting, management and controls, borrowing entity, and industry and operating environment.

Pass – “Pass” (uncriticized loans) and leases, are not considered to carry greater than normal risk. The borrower has the apparent ability to satisfy obligations to the Company, and therefore no loss in ultimate collection is anticipated.

Special Mention – Loans and leases that have potential weaknesses deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for assets or in the institution’s credit position at some future date. Special mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification.

Substandard – Loans and leases that are inadequately protected by the current financial condition and paying capacity of the obligor or by any collateral pledged. Loans and leases so classified must have a well-defined weakness or weaknesses that jeopardize the collection of the debt. They are characterized by the distinct possibility that the bank may sustain some loss if the deficiencies are not corrected.

Doubtful – Loans and leases that have weaknesses found in substandard borrowers with the added provision that the weaknesses make collection of debt in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.

Loss – Loans and leases classified as loss are considered uncollectible and of such little value that their continuance as an asset is not warranted. This classification does not mean that the loan or lease has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future.

The credit risk profiles by internally assigned grade for loans and leases as of June 30, 2017 and December 31, 2016 were as follows:


	June 30, 2017
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Total
Grade:
Pass	$	3,227,317	$	2,501,783	$	548,893	$	179,906	$	6,457,899
Special mention		42,178		22,351		5,821		589		70,939
Substandard		60,230		21,345		1,080		181		82,836
Doubtful		1,367		—		—		—		1,367
Total	$	3,331,092	$	2,545,479	$	555,794	$	180,676	$	6,613,041


	December 31, 2016
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Total
Grade:
Pass	$	3,166,304	$	2,298,839	$	445,149	$	179,345	$	6,089,637
Special mention		41,719		23,859		3,789		368		69,735
Substandard		29,811		20,797		1,074		174		51,856
Doubtful		1,766		—		—		153		1,919
Total	$	3,239,600	$	2,343,495	$	450,012	$	180,040	$	6,213,147

There were no loans and leases graded as Loss as of June 30, 2017 and December 31, 2016.

The credit risk profiles based on payment activity for loans and leases that were not subject to loan grading as of June 30, 2017 and December 31, 2016 were as follows:


	June 30, 2017
(dollars in thousands)	Residential		Consumer		Consumer - Auto		Credit Cards		Total
Performing	$	3,907,274	$	230,121	$	951,329	$	326,581	$	5,415,305
Non-performing and delinquent		14,607		3,197		12,848		3,394		34,046
Total	$	3,921,881	$	233,318	$	964,177	$	329,975	$	5,449,351


	December 31, 2016
(dollars in thousands)	Residential		Consumer		Consumer - Auto		Credit Cards		Total
Performing	$	3,778,070	$	240,185	$	906,829	$	340,801	$	5,265,885
Non-performing and delinquent		18,389		3,327		15,927		3,703		41,346
Total	$	3,796,459	$	243,512	$	922,756	$	344,504	$	5,307,231

Impaired and Nonaccrual Loans and Leases

The Company evaluates certain loans and leases individually for impairment. A loan or lease is considered to be impaired when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan or lease. An allowance for impaired commercial loans, including commercial real estate and construction loans, is measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price or the estimated fair value of the collateral, less any selling costs, if the loan is collateral dependent. An allowance for impaired residential loans is measured based on the estimated fair value of the collateral, less any selling costs. Management exercises significant judgment in developing these estimates.

The Company generally places a loan on nonaccrual status when management believes that collection of principal or interest has become doubtful or when a loan or lease becomes 90 days past due as to principal or interest, unless it is well secured and in the process of collection.

It is the Company’s policy to charge off a loan when the facts indicate that the loan is considered uncollectible.

The aging analyses of past due loans and leases as of June 30, 2017 and December 31, 2016 were as follows:


	June 30, 2017
	Accruing Loans and Leases
					Greater								Total Non
					Than or						Total		Accruing
	30-59		60-89		Equal to		Total				Accruing		Loans
	Days		Days		90 Days		Past				Loans and		and		Total
(dollars in thousands)	Past Due		Past Due		Past Due		Due		Current		Leases		Leases		Outstanding
Commercial and industrial	$	791	$	185	$	1,275	$	2,251	$	3,326,686	$	3,328,937	$	2,155	$	3,331,092
Commercial real estate		3,190		—		—		3,190		2,542,289		2,545,479		—		2,545,479
Construction		86		84		350		520		555,274		555,794		—		555,794
Lease financing		—		—		—		—		180,676		180,676		—		180,676
Residential		6,334		1,161		1,543		9,038		3,907,274		3,916,312		5,569		3,921,881
Consumer		14,397		3,169		1,873		19,439		1,508,031		1,527,470		—		1,527,470
Total	$	24,798	$	4,599	$	5,041	$	34,438	$	12,020,230	$	12,054,668	$	7,724	$	12,062,392


	December 31, 2016
	Accruing Loans and Leases
					Greater								Total Non
					Than or						Total		Accruing
	30-59		60-89		Equal to		Total				Accruing		Loans
	Days		Days		90 Days		Past				Loans and		and		Total
(dollars in thousands)	Past Due		Past Due		Past Due		Due		Current		Leases		Leases		Outstanding
Commercial and industrial	$	720	$	163	$	449	$	1,332	$	3,235,538	$	3,236,870	$	2,730	$	3,239,600
Commercial real estate		475		—		—		475		2,343,020		2,343,495		—		2,343,495
Construction		—		—		—		—		450,012		450,012		—		450,012
Lease financing		—		—		83		83		179,804		179,887		153		180,040
Residential		9,907		1,069		866		11,842		3,778,070		3,789,912		6,547		3,796,459
Consumer		17,626		3,460		1,870		22,956		1,487,816		1,510,772		—		1,510,772
Total	$	28,728	$	4,692	$	3,268	$	36,688	$	11,474,260	$	11,510,948	$	9,430	$	11,520,378

The total carrying amounts and the total unpaid principal balances of impaired loans and leases as of June 30, 2017 and December 31, 2016 were as follows:


	June 30, 2017
			Unpaid
	Recorded		Principal		Related
(dollars in thousands)	Investment		Balance		Allowance
Impaired loans with no related allowance recorded:
Commercial and industrial	$	19,129	$	19,861	$	—
Commercial real estate		8,348		8,348		—
Residential		8,300		8,908		—
Total	$	35,777	$	37,117	$	—
Impaired loans with a related allowance recorded:
Commercial and industrial	$	156	$	156	$	5
Commercial real estate		915		915		7
Residential		8,978		9,259		653
Total	$	10,049	$	10,330	$	665
Total impaired loans:
Commercial and industrial	$	19,285	$	20,017	$	5
Commercial real estate		9,263		9,263		7
Residential		17,278		18,167		653
Total	$	45,826	$	47,447	$	665


	December 31, 2016
			Unpaid
	Recorded		Principal		Related
(dollars in thousands)	Investment		Balance		Allowance
Impaired loans with no related allowance recorded:
Commercial and industrial	$	22,404	$	22,608	$	—
Commercial real estate		11,598		11,598		—
Lease financing		153		153		—
Residential		9,608		10,628		—
Total	$	43,763	$	44,987	$	—
Impaired loans with a related allowance recorded:
Commercial and industrial	$	5,168	$	5,624	$	380
Commercial real estate		947		947		7
Residential		9,550		9,831		705
Total	$	15,665	$	16,402	$	1,092
Total impaired loans:
Commercial and industrial	$	27,572	$	28,232	$	380
Commercial real estate		12,545		12,545		7
Lease financing		153		153		—
Residential		19,158		20,459		705
Total	$	59,428	$	61,389	$	1,092

The following tables provide information with respect to the Company’s average balances, and of interest income recognized from, impaired loans for the three and six months ended June 30, 2017 and 2016:


	Three Months Ended				Six Months Ended
	June 30, 2017				June 30, 2017
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(dollars in thousands)	Investment		Recognized		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial and industrial	$	20,068	$	209	$	20,847	$	438
Commercial real estate		9,866		117		10,443		246
Lease financing		77		—		102		—
Residential		8,187		144		8,661		280
Total	$	38,198	$	470	$	40,053	$	964
Impaired loans with a related allowance recorded:
Commercial and industrial	$	3,697	$	3	$	4,187	$	50
Commercial real estate		924		11		932		22
Residential		9,140		95		9,276		189
Total	$	13,761	$	109	$	14,395	$	261
Total impaired loans:
Commercial and industrial	$	23,765	$	212	$	25,034	$	488
Commercial real estate		10,790		128		11,375		268
Lease financing		77		—		102		—
Residential		17,327		239		17,937		469
Total	$	51,959	$	579	$	54,448	$	1,225


	Three Months Ended				Six Months Ended
	June 30, 2016				June 30, 2016
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(dollars in thousands)	Investment		Recognized		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial and industrial	$	30,443	$	338	$	25,577	$	651
Commercial real estate		8,397		140		7,527		284
Construction		283		—		188		8
Lease financing		176		—		177		—
Residential		13,626		104		14,166		235
Total	$	52,925	$	582	$	47,635	$	1,178
Impaired loans with a related allowance recorded:
Commercial and industrial	$	892	$	—	$	595	$	—
Residential		8,857		85		8,267		176
Total	$	9,749	$	85	$	8,862	$	176
Total impaired loans:
Commercial and industrial	$	31,335	$	338	$	26,172	$	651
Commercial real estate		8,397		140		7,527		284
Construction		283		—		188		8
Lease financing		176		—		177		—
Residential		22,483		189		22,433		411
Total	$	62,674	$	667	$	56,497	$	1,354

Modifications

Commercial and industrial loans modified in a troubled debt restructuring (“TDR”) may involve temporary interest-only payments, term extensions, and converting revolving credit lines to term loans. Additional collateral, a co-borrower, or a guarantor may be requested. Modifications of commercial real estate and construction loans in a TDR may involve reducing the interest rate for the remaining term of the loan, extending the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or substituting or adding a new borrower or guarantor. Modifications of construction loans in a TDR may also involve extending the interest-only payment period. Interest continues to accrue on the missed payments and as a result, the effective yield on the lease remains unchanged. As the forbearance period usually involves an insignificant payment delay, lease financing modifications typically do not meet the reporting criteria for a TDR. Residential real estate loans modified in a TDR may be comprised of loans where monthly payments are lowered to accommodate the borrowers' financial needs for a period of time, normally two years. Generally, consumer loans are not classified as a TDR as they are normally charged off upon reaching a predetermined delinquency status that ranges from 120 to 180 days and varies by product type.

Loans modified in a TDR may already be on nonaccrual status and in some cases partial charge-offs may have already been taken against the outstanding loan balance. Loans modified in a TDR are evaluated for impairment. As a result, this may have a financial effect of increasing the specific Allowance associated with the loan. An Allowance for impaired commercial loans, including commercial real estate and construction loans, that have been modified in a TDR is measured based on the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's observable market price, or the estimated fair value of the collateral, less any selling costs, if the loan is collateral dependent. An Allowance for impaired residential loans that have been modified in a TDR is measured based on the estimated fair value of the collateral, less any selling costs. Management exercises significant judgment in developing these estimates.

The following presents, by class, information related to loans modified in a TDR during the three and six months ended June 30, 2017 and 2016:


	Three Months Ended					Six Months Ended
	June 30, 2017					June 30, 2017
	Number of	Recorded		Related		Number of	Recorded		Related
(dollars in thousands)	Contracts	Investment(1)		Allowance		Contracts	Investment(1)		Allowance
Commercial and industrial	—	$	—	$	—	1	$	1,150	$	—
Residential	1		310		10	2		663		21
Total	1	$	310	$	10	3	$	1,813	$	21


	Three Months Ended					Six Months Ended
	June 30, 2016					June 30, 2016
	Number of	Recorded		Related		Number of	Recorded		Related
(dollars in thousands)	Contracts	Investment(1)		Allowance		Contracts	Investment(1)		Allowance
Commercial and industrial	2	$	7,857	$	—	4	$	15,953	$	—
Commercial real estate	2		5,538		—	2		5,538		—
Residential	2		1,195		—	8		3,589		63
Total	6	$	14,590	$	—	14	$	25,080	$	63

⁽¹⁾

The recorded investment balances reflect all partial paydowns and charge-offs since the modification date and do not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period.

The above loans were modified in a TDR through temporary interest-only payments, reduced payments, or below-market interest rates.

The Company had total remaining loan and lease commitments including standby letters of credit of $5.2 billion as of June 30, 2017 and $5.1 billion as of December 31, 2016. Of the $5.2 billion at June 30, 2017, there were commitments of $1.5 million related to borrowers who had loan terms modified in a TDR. Of the $5.1 billion at December 31, 2016, there were commitments of $6.9 million related to borrowers who had loan terms modified in a TDR.

The following table presents, by class, loans modified in TDRs that have defaulted in the current period within 12 months of their permanent modification date for the periods indicated. The Company is reporting these defaulted TDRs based on a payment default definition of 30 days past due:


	Three Months Ended			Six Months Ended			Three Months Ended			Six Months Ended
	June 30, 2017			June 30, 2017			June 30, 2016			June 30, 2016
	Number of	Recorded		Number of	Recorded		Number of	Recorded		Number of	Recorded
(dollars in thousands)	Contracts	Investment(1)		Contracts	Investment(1)		Contracts	Investment(1)		Contracts	Investment(1)
Commercial and industrial (2)	1	$	2,496	1	$	2,496	—	$	—	1	$	2,496
Commercial real estate (3)	1		1,393	1		1,393	—		—	—		—
Residential (4)	—		—	1		510	—		—	—		—
Total	2	$	3,889	3	$	4,399	—	$	—	1	$	2,496

⁽¹⁾

⁽²⁾

For the three months ended June 30, 2017 and six months ended June 30, 2017 and 2016, the maturity date for the commercial and industrial loan that subsequently defaulted was extended.

⁽³⁾

For the three and six months ended June 30, 2017, the commercial real estate loan that subsequently defaulted was extended.

⁽⁴⁾

For the six months ended June 30, 2017, the residential real estate loan that subsequently defaulted was modified for interest-only payments.

Foreclosure Proceedings

There were no residential mortgage loans collateralized by real estate property that were modified in a TDR that were in the process of foreclosure at June 30, 2017 and one residential real estate loan of $0.5 million that was in process of foreclosure at December 31, 2016.

Foreclosed Property

Residential real estate property held from one foreclosed TDR of a residential mortgage loan included in other real estate owned and repossessed personal property shown in the unaudited consolidated balance sheets was $0.3 million as of both June 30, 2017 and December 31, 2016.

Transfers of Financial Assets

6 Months Ended

Jun. 30, 2017

Transfers of Financial Assets

Transfers of Financial Assets

5. Transfers of Financial Assets

The Company’s transfers of financial assets with continuing interest may include pledges of collateral to secure public deposits and repurchase agreements, FHLB and FRB borrowing capacity, automated clearing house (“ACH”) transactions and interest rate swaps.

For public deposits and repurchase agreements, the Company enters into bilateral agreements with the entity to pledge investment securities as collateral in the event of default. The right of setoff for a repurchase agreement resembles a secured borrowing, whereby the collateral pledged by the Company would be used to settle the fair value of the repurchase agreement should the Company be in default. The counterparty has the right to sell or repledge the investment securities. The Company is required by the counterparty to maintain adequate collateral levels. In the event the collateral fair value falls below stipulated levels, the Company will pledge additional investment securities. For transfers of assets with the FHLB and the FRB, the Company enters into bilateral agreements to pledge loans and investment securities as collateral to secure borrowing capacity. For ACH transactions, the Company enters into bilateral agreements to collateralize possible daylight overdrafts. For interest rate swaps, the Company enters into bilateral agreements to pledge collateral when either party is in a negative fair value position to mitigate counterparty credit risk. Counterparties to ACH transactions, certain interest rate swaps, the FHLB and the FRB do not have the right to sell or repledge the collateral.

The carrying amounts of the assets pledged as collateral to secure public deposits, borrowing arrangements and other transactions as of June 30, 2017 and December 31, 2016 were as follows:


(dollars in thousands)	June 30, 2017		December 31, 2016
Public deposits	$	2,728,505	$	2,521,761
Federal Home Loan Bank		2,260,995		2,097,233
Federal Reserve Bank		903,335		935,672
Repurchase agreements		—		10,066
ACH transactions		151,003		152,394
Interest rate swaps		35,153		30,399
Total	$	6,078,991	$	5,747,525

As the Company did not enter into reverse repurchase agreements, no collateral was accepted as of June 30, 2017 and December 31, 2016. In addition, no debt was extinguished by in-substance defeasance. At June 30, 2017, the Company had $1.8 billion and $685.9 million in lines of credit available from the FHLB and the FRB, respectively. None of the lines available were drawn upon as of June 30, 2017.

As of June 30, 2017, the Company did not have any repurchase agreements. A disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged as of December 31, 2016 was as follows:


	December 31, 2016
	Remaining Contractual Maturity of the Agreements
	Up to				Greater than
(dollars in thousands)	30 days		30-90 days		90 days		Total
Government agency collateralized mortgage obligations	$	1,200	$	—	$	4,951	$	6,151
Government-sponsored enterprises mortgage-backed securities		—		2,000		1,000		3,000
Gross amount of recognized liabilities for repurchase agreements	$	1,200	$	2,000	$	5,951	$	9,151

- Definition

The entire disclosure for a transferor's continuing involvement in financial assets that it has transferred in a securitization or asset-backed financing arrangement, the nature of any restrictions on assets reported by an entity in its statement of financial position that relate to a transferred financial asset (including the carrying amounts of such assets), how servicing assets and servicing liabilities are reported, and (for securitization or asset-backed financing arrangements accounted for as sales) when a transferor has continuing involvement with the transferred financial assets and transfers of financial assets accounted for as secured borrowings, how the transfer of financial assets affects an entity's financial position, financial performance, and cash flows.

+ References + Details

Deposits

6 Months Ended

Jun. 30, 2017

Deposits

Deposits

6. Deposits

As of June 30, 2017 and December 31, 2016, deposits were categorized as interest-bearing or noninterest-bearing as follows:


(dollars in thousands)	June 30, 2017		December 31, 2016
U.S.:
Interest-bearing	$	10,903,294	$	10,129,958
Noninterest-bearing		5,227,404		5,399,212
Foreign:
Interest-bearing		677,370		671,957
Noninterest-bearing		644,194		593,405
Total deposits	$	17,452,262	$	16,794,532

The following table presents the maturity distribution of time certificates of deposit as of June 30, 2017:


	Under		$250,000
(dollars in thousands)	$250,000		or More		Total
Three months or less	$	236,404	$	1,714,290	$	1,950,694
Over three through six months		269,544		549,241		818,785
Over six through twelve months		267,980		394,465		662,445
One to two years		126,118		83,882		210,000
Two to three years		124,299		47,956		172,255
Three to four years		92,840		49,420		142,260
Four to five years		81,989		29,613		111,602
Thereafter		18		—		18
Total	$	1,199,192	$	2,868,867	$	4,068,059

Time certificates of deposit in denominations of $250,000 or more, in the aggregate, were $2.9 billion and $2.5 billion as of June 30, 2017 and December 31, 2016, respectively. Overdrawn deposit accounts were classified as loans and totaled $1.7 million and $1.5 million as of June 30, 2017 and December 31, 2016, respectively.

Accumulated Other Comprehensive Loss

6 Months Ended

Jun. 30, 2017

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

7. Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss is defined as the revenues, expenses, gains and losses that are included in comprehensive income but excluded from net income. The Company’s significant items of accumulated other comprehensive loss are pension and other benefits, net unrealized gains or losses on investment securities and net unrealized gains or losses on cash flow derivative hedges. Changes in accumulated other comprehensive loss for the three and six months ended June 30, 2017 and 2016 are presented below:


			Income
			Tax
	Pre-tax		Benefit		Net of
(dollars in thousands)	Amount		(Expense)		Tax
Accumulated other comprehensive loss at March 31, 2017	$	(143,296)	$	56,604	$	(86,692)
Three months ended June 30, 2017
Investment securities:
Unrealized net gains arising during the period		31,215		(12,330)		18,885
Net change in unrealized gains on investment securities		31,215		(12,330)		18,885
Cash flow derivative hedges:
Unrealized net gains on cash flow derivative hedges arising during the period		258		(102)		156
Net change in unrealized gains on cash flow derivative hedges		258		(102)		156
Other comprehensive income		31,473		(12,432)		19,041
Accumulated other comprehensive loss at June 30, 2017	$	(111,823)	$	44,172	$	(67,651)


			Income
			Tax
	Pre-tax		Benefit		Net of
(dollars in thousands)	Amount		(Expense)		Tax
Accumulated other comprehensive loss at December 31, 2016	$	(145,472)	$	57,461	$	(88,011)
Six months ended June 30, 2017
Investment securities:
Unrealized net gains arising during the period		32,793		(12,951)		19,842
Net change in unrealized gains on investment securities		32,793		(12,951)		19,842
Cash flow derivative hedges:
Unrealized net gains on cash flow derivative hedges arising during the period		856		(338)		518
Net change in unrealized gains on cash flow derivative hedges		856		(338)		518
Other comprehensive income		33,649		(13,289)		20,360
Accumulated other comprehensive loss at June 30, 2017	$	(111,823)	$	44,172	$	(67,651)


			Income
			Tax
	Pre-tax		Benefit		Net of
(dollars in thousands)	Amount		(Expense)		Tax
Accumulated other comprehensive loss at March 31, 2016	$	(30,369)	$	11,996	$	(18,373)
Three months ended June 30, 2016
Pension and other benefits:
Change due to Reorganization Transactions		(78)		32		(46)
Net change in pension and other benefits		(78)		32		(46)
Investment securities:
Unrealized net gains arising during the period		21,605		(8,535)		13,070
Reclassification of net gains to net income:
Investment securities gains, net		(3)		—		(3)
Net change in unrealized gains on investment securities		21,602		(8,535)		13,067
Cash flow derivative hedges:
Unrealized net gains on cash flow derivative hedges arising during the period		201		(76)		125
Net change in unrealized gains on cash flow derivative hedges		201		(76)		125
Other comprehensive income		21,725		(8,579)		13,146
Accumulated other comprehensive loss at June 30, 2016	$	(8,644)	$	3,417	$	(5,227)


			Income
			Tax
	Pre-tax		Benefit		Net of
(dollars in thousands)	Amount		(Expense)		Tax
Accumulated other comprehensive loss at December 31, 2015	$	(84,722)	$	33,463	$	(51,259)
Six months ended June 30, 2016
Pension and other benefits:
Change due to Reorganization Transactions		(78)		32		(46)
Net change in pension and other benefits		(78)		32		(46)
Investment securities:
Unrealized net gains arising during the period		102,515		(40,493)		62,022
Reclassification of net gains to net income:
Investment securities gains, net		(25,731)		10,164		(15,567)
Net change in unrealized gains on investment securities		76,784		(30,329)		46,455
Cash flow derivative hedges:
Unrealized net losses on cash flow derivative hedges arising during the period		(628)		251		(377)
Net change in unrealized losses on cash flow derivative hedges		(628)		251		(377)
Other comprehensive income		76,078		(30,046)		46,032
Accumulated other comprehensive loss at June 30, 2016	$	(8,644)	$	3,417	$	(5,227)

The following table summarizes changes in accumulated other comprehensive loss, net of tax, for the periods indicated:


					Unrealized		Total
	Pensions		Unrealized		Gains		Accumulated
	and		Gains (Losses)		(Losses) on		Other
	Other		on Investment		Cash Flow		Comprehensive
(dollars in thousands)	Benefits		Securities		Derivative Hedges		Loss
Three Months Ended June 30, 2017
Balance at beginning of period	$	(30,237)	$	(59,001)	$	2,546	$	(86,692)
Other comprehensive income		—		18,885		156		19,041
Balance at end of period	$	(30,237)	$	(40,116)	$	2,702	$	(67,651)

Six Months Ended June 30, 2017
Balance at beginning of period	$	(30,237)	$	(59,958)	$	2,184	$	(88,011)
Other comprehensive income		—		19,842		518		20,360
Balance at end of period	$	(30,237)	$	(40,116)	$	2,702	$	(67,651)

Three Months Ended June 30, 2016
Balance at beginning of period	$	(26,883)	$	8,282	$	228	$	(18,373)
Other comprehensive (loss) income		(46)		13,067		125		13,146
Balance at end of period	$	(26,929)	$	21,349	$	353	$	(5,227)

Six Months Ended June 30, 2016
Balance at beginning of period	$	(26,883)	$	(25,106)	$	730	$	(51,259)
Other comprehensive (loss) income		(46)		46,455		(377)		46,032
Balance at end of period	$	(26,929)	$	21,349	$	353	$	(5,227)

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e640-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e716-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e709-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e637-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e681-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Regulatory Capital Requirements

6 Months Ended

Jun. 30, 2017

Regulatory Capital Requirements

Regulatory Capital Requirements

8. Regulatory Capital Requirements

Federal and state laws and regulations limit the amount of dividends the Company may declare or pay. The Company depends primarily on dividends from FHB as the source of funds for the Company’s payment of dividends.

The Company and the Bank are subject to various regulatory capital requirements imposed by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s and the Bank’s operating activities and financial condition. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of its assets and certain off-balance-sheet items. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum amounts and ratios of Common Equity Tier 1 (“CET1”), Tier 1 and total capital to risk-weighted assets, as well as a minimum leverage ratio.

The table below sets forth those ratios at June 30, 2017 and December 31, 2016:


	First Hawaiian, Inc.				First Hawaiian				Minimum		Well-
	and Subsidiary				Bank				Capital		Capitalized
(dollars in thousands)	Amount		Ratio		Amount		Ratio		Ratio(1)		Ratio(1)
June 30, 2017:
Common equity tier 1 capital to risk-weighted assets	$	1,624,761	12.73	%	$	1,615,232	12.67	%	4.50	%	6.50	%
Tier 1 capital to risk-weighted assets		1,624,761	12.73	%		1,615,232	12.67	%	6.00	%	8.00	%
Total capital to risk-weighted assets		1,762,244	13.81	%		1,752,715	13.75	%	8.00	%	10.00	%
Tier 1 capital to average assets (leverage ratio)		1,624,761	8.70	%		1,615,232	8.66	%	4.00	%	5.00	%

December 31, 2016:
Common equity tier 1 capital to risk-weighted assets	$	1,569,004	12.75	%	$	1,533,056	12.51	%	4.50	%	6.50	%
Tier 1 capital to risk-weighted assets		1,569,004	12.75	%		1,533,063	12.51	%	6.00	%	8.00	%
Total capital to risk-weighted assets		1,705,098	13.85	%		1,669,157	13.62	%	8.00	%	10.00	%
Tier 1 capital to average assets (leverage ratio)		1,569,004	8.36	%		1,533,063	8.19	%	4.00	%	5.00	%

⁽¹⁾

As defined by the regulations issued by the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation (“FDIC”).

A new capital conservation buffer, comprised of common equity Tier 1 capital, was established above the regulatory minimum capital requirements. This capital conservation buffer was phased in beginning January 1, 2016 at 0.625% of risk-weighted assets and will increase each subsequent year by an additional 0.625% until reaching its final level of 2.5% on January 1, 2019. As of June 30, 2017, under the bank regulatory capital guidelines, the Company and Bank were both classified as well-capitalized. Management is not aware of any conditions or events that have occurred since June 30, 2017, to change the capital adequacy category of the Company or the Bank.

- Definition

The entire disclosure for banks, savings institutions, and credit unions, for regulatory capital requirements imposed by the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) or for any state imposed capital requirements, as applicable. The disclosure may include (1) a description of regulatory capital requirements (a) for capital adequacy purposes and (b) established by the prompt corrective action provisions of Section 38 of the Federal Depository Insurance Act; (2) the actual or possible material effects of noncompliance with such requirements; (3) whether the entity is in compliance with the regulatory capital requirements including (a) required and actual ratios and amounts of Tier 1 leverage, Tier 1 risk-based, and total risk-based capital, tangible capital (for savings institutions), and Tier 3 capital for market risk (for certain banks and bank holding companies), (b) factors that may significantly affect capital adequacy; (4) the prompt corrective action category in which the entity was classified as of its most recent notification; (5) whether management believes any conditions or events since notification have changed the entity's category. Also may include additional information that might be disclosed in situations where substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1G
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958577-112826

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1C
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Section 50
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
-Section 50
-Paragraph 1F
-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958575-112826

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 505
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-URI http://asc.fasb.org/extlink&oid=35709795&loc=SL5958573-112826

+ Details

Income Taxes

6 Months Ended

Jun. 30, 2017

Income Taxes

Income Taxes

9. Income Taxes

The Company’s effective tax rate was 37.12% and 36.52% for the three months ended June 30, 2017 and 2016, respectively, and 37.01% and 37.13% for the six months ended June 30, 2017 and 2016, respectively.

The Company is subject to examination by the Internal Revenue Service (“IRS”) and tax authorities in states in which the Company has significant business operations. The tax years under examination and open for examination vary by jurisdiction. There are currently no federal examinations under way; however, refund claims and tax returns for certain years are being reviewed by state jurisdictions. No material unanticipated adjustments were made by the IRS in the years most recently examined and the Company does not expect significant audit developments in the next 12 months. The Company’s income tax returns for 2013 and subsequent tax years generally remain subject to examination by U.S. federal and state taxing authorities, and 2013 and subsequent years are subject to examination by foreign jurisdictions.

A reconciliation of the amount of unrecognized tax benefits is as follows for the six months ended June 30, 2017 and 2016:


	Six Months Ended June 30,
	2017						2016
			Interest						Interest
			and						and
(dollars in thousands)	Tax		Penalties		Total		Tax		Penalties		Total
Balance at January 1,	$	127,085	$	9,965	$	137,050	$	5,903	$	2,935	$	8,838
Additions for current year tax positions		1,478		—		1,478		6,297		1,075		7,372
Additions for Reorganization Transactions		—		226		226		115,877		5,459		121,336
Additions for prior years' tax positions:
Accrual of interest and penalties		—		209		209		—		67		67
Reductions for prior years' tax positions:
Expiration of statute of limitations		(254)		(101)		(355)		(353)		(144)		(497)
Balance at June 30,	$	128,309	$	10,299	$	138,608	$	127,724	$	9,392	$	137,116

Included in the balance of unrecognized tax benefits for both the six months ended June 30, 2017 and 2016, was $11.0 million of unrecognized tax benefits that, if recognized, would impact the effective tax rate.

In connection with the Reorganization Transactions discussed below, the Company recorded interest and penalties of $0.2 million for the six months ended June 30, 2017 and unrecognized tax benefits and interest and penalties of $115.9 million and $5.5 million, respectively, for the six months ended June 30, 2016. Included in the balance of the unrecognized tax benefits as of June 30, 2017 was $93.9 million attributable to tax refund claims with respect to tax years 2005 through 2012 in the State of California. Such refund claims were filed by the Company in 2015, on behalf of the Company and its affiliates, including BOW, concerning the determination of taxes for which no benefit is currently recognized. It is reasonably possible that the amount of unrecognized tax benefits could decrease within the next 12 months by as much as $107.1 million of taxes and $5.2 million of accrued interest and penalties as a result of settlements and the expiration of the statute of limitations in various states.

The Company recognizes interest and penalties attributable to both unrecognized tax benefits and undisputed tax adjustments in the provision for income taxes. For the six months ended June 30, 2017 and 2016, the Company recorded $0.4 million and $0.2 million, respectively, of net expense attributable to interest and penalties. The Company had a liability of $12.5 million and $12.1 million as of June 30, 2017 and December 31, 2016, respectively, accrued for interest and penalties, of which $10.3 million and $10.0 million as of June 30, 2017 and December 31, 2016, respectively, were attributable to unrecognized tax benefits and the remainder was attributable to tax adjustments which are not expected to be in dispute.

Prior to the Reorganization Transactions, the Company filed consolidated U.S. Federal and combined state tax returns that incorporated the tax receivables and unrecognized tax benefits of FHB and BOW. The consummation of the Reorganization Transactions did not relieve the Company of the pre-Reorganization Transactions tax receivables and unrecognized tax benefits recognized by BOW that were included in the Company's consolidated and combined tax returns. As a result, on April 1, 2016, the Company recorded $72.8 million related to current tax receivables, $116.6 million related to unrecognized tax benefits, and an indemnification payable of $28.6 million. Additionally, in connection with the Reorganization Transactions, the Company incurred certain tax-related liabilities related to the distribution of its interest in BWHI amounting to $95.4 million. The amount necessary to pay the distribution taxes (net of the expected federal tax benefit of $33.4 million) was paid by BNPP to the Company on April 1, 2016. The Company expects that any future refunds or adjustments to such taxes will be reimbursed to, or funded by, BWHI or its affiliates pursuant to a tax sharing agreement entered into on April 1, 2016 and pursuant to certain tax allocation agreements entered into among the parties. Accordingly, the assumption of the pre-Reorganization Transactions tax receivables, unrecognized tax benefits and distribution tax liabilities and the offsetting indemnification receivables or payables were reflected as equity contributions and distributions on April 1, 2016. If there are any future adjustments to the indemnified tax receivables or unrecognized tax benefits, an offsetting adjustment to the indemnification receivables or payables will be recorded to the provision for income taxes and other noninterest income or expense.

Derivative Financial Instruments

6 Months Ended

Jun. 30, 2017

Derivative Financial Instruments

Derivative Financial Instruments

10. Derivative Financial Instruments

The Company enters into derivative contracts primarily to manage its interest rate risk, as well as for customer accommodation purposes. Derivatives used for risk management purposes consist of interest rate swaps that are designated as either a fair value hedge or a cash flow hedge. The derivatives are recognized on the unaudited consolidated balance sheets as either assets or liabilities at fair value. Derivatives entered into for customer accommodation purposes consist of interest rate lock commitments, various free-standing interest rate derivative products and foreign exchange contracts. The Company is party to master netting arrangements with its financial institution counterparties; however, the Company does not offset assets and liabilities under these arrangements for financial statement presentation purposes.

The following table summarizes notional amounts and fair values of derivatives held by the Company as of June 30, 2017 and December 31, 2016:


	June 30, 2017						December 31, 2016
			Fair Value						Fair Value
	Notional		Asset		Liability		Notional		Asset		Liability
(dollars in thousands)	Amount		Derivatives (1)		Derivatives (2)		Amount		Derivatives (1)		Derivatives (2)
Derivatives designated as hedging instruments:
Interest rate swaps	$	196,451	$	—	$	(4,149)	$	200,504	$	—	$	(5,296)
Derivatives not designated as hedging instruments:
Interest rate swaps		1,611,148		19,581		(14,935)		1,297,101		15,982		(18,299)
Funding swap		40,017		—		(6,493)		37,143		—		(7,460)
Foreign exchange contracts		3,376		79		—		3,664		—		(147)

⁽¹⁾

The positive fair value of derivative assets is included in other assets.

⁽²⁾

The negative fair value of derivative liabilities is included in other liabilities.

As of June 30, 2017, the Company pledged $23.9 million in financial instruments and $11.3 million in cash as collateral for interest rate swaps. As of December 31, 2016, the Company pledged $12.1 million in financial instruments and $18.3 million in cash as collateral for interest rate swaps.

Fair Value Hedges

To manage the risk related to the Company’s net interest margin, interest rate swaps are utilized to hedge certain fixed-rate loans. These swaps have maturity, amortization and prepayment features that correspond to the loans hedged, and are designated and qualify as fair value hedges. Any gain or loss on the swaps, as well as the offsetting loss or gain on the hedged item attributable to the hedged risk, is recognized in current period earnings.

At June 30, 2017, the Company carried interest rate swaps with notional amounts totaling $46.5 million with a positive fair value of nil and fair value losses of $1.2 million that were categorized as fair value hedges for commercial and industrial loans and commercial real estate loans. The Company received 6-month London Interbank Offered Rate (“LIBOR”) and paid fixed rates ranging from 2.59% to 5.38%. The swaps mature between 2017 and 2023. At December 31, 2016, the Company carried interest rate swaps with notional amounts totaling $50.5 million with a positive fair value of nil and a negative fair value of $1.5 million that were categorized as fair value hedges for commercial and industrial loans and commercial real estate loans.

The following table shows the net gains and losses recognized in income related to derivatives in fair value hedging relationships for the three and six months ended June 30, 2017 and 2016:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in thousands)	2017		2016		2017		2016
Losses recorded in net interest income	$	(171)	$	(297)	$	(369)	$	(694)
Gains (losses) recorded in noninterest income:
Recognized on derivatives		(95)		(530)		124		(1,518)
Recognized on hedged item		199		467		2		1,546
Net gains (losses) recognized on fair value hedges (ineffective portion)		104		(63)		126		28
Net losses recognized on fair value hedges	$	(67)	$	(360)	$	(243)	$	(666)

Cash Flow Hedges

The Company utilizes short-term fixed-rate interest rate swaps to reduce exposure to interest rates associated with short-term fixed-rate liabilities. The Company enters into interest rate swaps paying fixed rates and receiving LIBOR. The LIBOR index will correspond to the short-term fixed-rate nature of the liabilities being hedged. If interest rates rise, the increase in interest received on the swaps will offset increases in interest costs associated with these liabilities. By hedging with interest rate swaps, the Company minimizes the adverse impact on interest expense associated with increasing rates on short-term liabilities.

The interest rate swaps are designated and qualify as cash flow hedges. The effective portion of the gain or loss on the interest rate swaps is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. There were no recognized expenses related to the ineffective portion of the change in fair value of derivatives designated as a cash flow hedge for the three and six months ended June 30, 2017 and 2016.

As of June 30, 2017 and December 31, 2016, the Company carried two interest rate swaps with notional amounts totaling $150.0 million, with a negative fair value of $3.0 million as of June 30, 2017 and a negative fair value of $3.8 million as of December 31, 2016, in order to reduce exposure to interest rate increases associated with short-term fixed-rate liabilities. The swaps mature in 2018. The Company received 6-month LIBOR and paid fixed rates ranging from 2.98% to 3.03%. The interest rate swaps designated as cash flow hedges resulted in net interest expense of $0.6 million and $0.8 million during the three months ended June 30, 2017 and 2016, respectively, and $1.3 million and $1.7 million during the six months ended June 30, 2017 and 2016, respectively.

The following table summarizes the effect of cash flow hedging relationships for the three and six months ended June 30, 2017 and 2016:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in thousands)	2017		2016		2017		2016
Pretax gains (losses) recognized in other comprehensive income on derivatives (effective portion)	$	258	$	201	$	856	$	(628)

There were no gains or losses reclassified from accumulated other comprehensive loss to earnings during the three and six months ended June 30, 2017 and 2016.

Free-Standing Derivative Instruments

Free-standing derivative instruments include derivative transactions entered into for risk management purposes that do not otherwise qualify for hedge accounting. Interest rate lock commitments issued on residential mortgage loans intended to be held for sale are considered free-standing derivative instruments. Such commitments are stratified by rates and terms and are valued based on market quotes for similar loans. Adjustments, including discounting the historical fallout rate, are then applied to the estimated fair value. The value of the underlying loan is affected primarily by changes in interest rates and the passage of time. However, changes in investor demand, such as concerns about credit risk, can also cause changes in the spread relationships between the underlying loan value and the derivative financial instruments that cannot be hedged. As of June 30, 2017 and December 31, 2016, the Company did not have any loans held for sale. As such, there were no interest rate lock commitment derivative instruments as of June 30, 2017 and December 31, 2016.

For the derivatives that are not designated as hedges, changes in fair value are reported in current period earnings. The following table summarizes the impact on pretax earnings of derivatives not designated as hedges, as reported on the unaudited consolidated statements of income for the three and six months ended June 30, 2017 and 2016.


	Net gains (losses) recognized	Three Months Ended				Six Months Ended
	in the consolidated statements	June 30,				June 30,
(dollars in thousands)	of income line item	2017		2016		2017		2016
Derivatives Not Designated As Hedging Instruments:
Interest rate swaps	Other noninterest income	$	100	$	(105)	$	353	$	(395)
Funding swap	Other noninterest income		(35)		19		(32)		19
Foreign exchange contracts	Other noninterest income		21		(162)		226		(122)

As of June 30, 2017, the Company carried multiple interest rate swaps with notional amounts totaling $1.6 billion, including $1.5 billion related to the Company’s customer swap program, with a positive fair value of $19.6 million and a negative fair value of $14.9 million. The Company received 1-month and 3-month LIBOR and paid fixed rates ranging from 1.23% to 5.33%. The swaps mature between 2018 and 2037. As of December 31, 2016, the Company carried multiple interest rate swaps with notional amounts totaling $1.3 billion, including $1.2 billion related to the Company’s customer swap program, with a positive fair value of $16.0 million and a negative fair value of $18.3 million. The Company received 1-month and 3-month LIBOR and paid fixed rates ranging from 0.77% to 4.90%. The swaps mature between 2018 and 2035. These swaps resulted in net interest expense of $0.2 million and $0.3 million for the three months ended June 30, 2017 and 2016, respectively, and net interest expense of $0.5 million and $0.6 million for the six months ended June 30, 2017 and 2016, respectively.

The Company’s customer swap program is designed by offering customers a variable-rate loan that is swapped to fixed-rate through an interest-rate swap. The Company simultaneously executes an offsetting interest-rate swap with a swap dealer. Upfront fees on the dealer swap are recorded in other noninterest income and totaled $1.7 million for both the three months ended June 30, 2017 and 2016, and $4.6 million and $3.7 million for the six months ended June 30, 2017 and 2016, respectively. Interest rate swaps related to the program had asset fair values of $19.6 million and $16.0 million as of June 30, 2017 and December 31, 2016, respectively, and liability fair values of $13.0 million and $16.0 million as of June 30, 2017 and December 31, 2016, respectively.

In conjunction with the 2016 sale of Class B restricted shares of common stock issued by Visa, the Company entered into a funding swap agreement with the buyer that requires payment to the buyer in the event Visa reduces each member bank’s Class B conversion ratio to unrestricted Class A common shares. A derivative liability (“Visa derivative”) of $6.5 million and $7.5 million was included in the unaudited consolidated balance sheets at June 30, 2017 and December 31, 2016, respectively, to provide for the fair value of this liability. Under the terms of the funding swap agreement, the Company will make monthly payments to the buyer based on Visa’s Class A stock price and the number of Visa Class B restricted shares that were sold until the date on which the covered litigation is settled. There were no sales of these shares prior to 2016. See “Note 14. Fair Value” for more information.

Counterparty Credit Risk

By using derivatives, the Company is exposed to counterparty credit risk if counterparties to the derivative contracts do not perform as expected. If a counterparty fails to perform, the Company’s counterparty credit risk is equal to the amount reported as a derivative asset, net of cash or other collateral received, and net of derivatives in a loss position with the same counterparty to the extent master netting arrangements exist. The Company minimizes counterparty credit risk through credit approvals, limits, monitoring procedures, executing master netting arrangements and obtaining collateral, where appropriate. Counterparty credit risk related to derivatives is considered in determining fair value.

The Company’s interest rate swap agreements include bilateral collateral agreements with collateral requirements which begin with exposures in excess of $0.5 million. For each counterparty, the Company reviews the interest rate swap collateral daily. Collateral for customer interest rate swap agreements, calculated as the pledged property less loan balance, requires valuation of the property pledged. Counterparty credit risk adjustment of $0.1 million was recognized for both the six months ended June 30, 2017 and 2016.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 30
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+ Details

Commitments and Contingent Liabilities

6 Months Ended

Jun. 30, 2017

Commitments and Contingent Liabilities

Commitments and Contingent Liabilities

11. Commitments and Contingent Liabilities

Contingencies

On January 27, 2017, a purported class action lawsuit was filed by a Bank customer alleging that FHB improperly charges an overdraft fee in circumstances where an account has sufficient funds to cover the transaction at the time a transaction is authorized by the customer but not at the time the transaction is posted, and that this practice constitutes an unjust and deceptive trade practice. The lawsuit further alleges that FHB’s practice of assessing a one-time continuous negative balance overdraft fee on accounts remaining in a negative balance for a seven-day period constitutes a usurious interest charge and an unfair and deceptive trade practice.

This lawsuit is similar to lawsuits filed against other financial institutions pertaining to available balance overdraft fee disclosures and continuing negative balance overdraft fees. Because of the many questions of fact and law that may arise in the future, the outcome of this legal proceeding is uncertain at this point. Based on information available to the Company at present, the Company cannot reasonably estimate a range of potential loss, if any, for this action because, among other things, its potential liability depends on whether a class is certified and, if so, the composition and size of any such class, the applicable time period at issue, as well as an assessment of the appropriate measure of damages if the Company were to be found liable. Accordingly, the Company has not recognized any liability associated with this action. Management disputes any wrongdoing and the case is being vigorously defended.

In addition to the litigation noted above, various other legal proceedings are pending or threatened against the Company. After consultation with legal counsel, management does not expect that the aggregate liability, if any, resulting from these proceedings would have a material effect on the Company’s consolidated financial position, results of operations or cash flows.

Financial Instruments with Off-Balance Sheet Risk

The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby and commercial letters of credit which are not reflected in the unaudited consolidated financial statements.

Unfunded Commitments to Extend Credit

A commitment to extend credit is a legally binding agreement to lend funds to a customer, usually at a stated interest rate and for a specified purpose. Commitments are reported net of participations sold to other institutions. Such commitments have fixed expiration dates and generally require a fee. The extension of a commitment gives rise to credit risk. The actual liquidity requirements or credit risk that the Company will experience is expected to be lower than the contractual amount of commitments to extend credit because a significant portion of those commitments are expected to expire without being drawn upon. Certain commitments are subject to loan agreements containing covenants regarding the financial performance of the customer that must be met before the Company is required to fund the commitment. The Company uses the same credit policies in making commitments to extend credit as it does in extending loans. In addition, the Company manages the potential credit risk in commitments to extend credit by limiting the total amount of arrangements, both by individual customer and in the aggregate, by monitoring the size and expiration structure of these portfolios and by applying the same credit standards maintained for all of its related credit activities. Commitments to extend credit are reported net of participations sold to other institutions of $66.4 million and $94.5 million at June 30, 2017 and December 31, 2016, respectively.

Standby and Commercial Letters of Credit

Standby letters of credit are issued on behalf of customers in connection with contracts between the customers and third parties. Under standby letters of credit, the Company assures third parties that it will receive the specified funds if customers fail to meet their contractual obligations. The credit risk to the Company arises from its obligation to make payment in the event of a customer’s contractual default. Standby letters of credit are reported net of participations sold to other institutions of $17.5 million and $19.0 million at June 30, 2017 and December 31, 2016, respectively. The Company also had commitments for commercial and similar letters of credit. Commercial letters of credit are issued specifically to facilitate commerce whereby the commitment is typically drawn upon when the underlying transaction between the customer and a third party is consummated. The maximum amount of potential future payments guaranteed by the Company is limited to the contractual amount of these letters. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Collateral held supports those commitments for which collateral is deemed necessary. The commitments outstanding as of June 30, 2017 have maturities ranging from July 2017 to March 2021. Substantially all fees received from the issuance of such commitments are deferred and amortized on a straight-line basis over the term of the commitment.

Financial instruments with off-balance sheet risk at June 30, 2017 and December 31, 2016, respectively, were as follows:


	June 30,		December 31,
(dollars in thousands)	2017		2016
Financial instruments whose contract amounts represent credit risk:
Commitments to extend credit	$	5,154,215	$	5,121,811
Standby letters of credit		73,776		60,848
Commercial letters of credit		7,093		6,813

Guarantees

The Company sells residential mortgage loans in the secondary market primarily to The Federal National Mortgage Association (“FNMA” or “Fannie Mae”) and The Federal Home Loan Mortgage Corporation (“FHLMC” or “Freddie Mac”) that may potentially require repurchase under certain conditions. This risk is managed through the Company’s underwriting practices. The Company services loans sold to investors and loans originated by other originators under agreements that may include repurchase remedies if certain servicing requirements are not met. This risk is managed through the Company’s quality assurance and monitoring procedures. Management does not anticipate any material losses as a result of these transactions.

Foreign Exchange Contracts

The Company has forward foreign exchange contracts that represent commitments to purchase or sell foreign currencies at a future date at a specified price. The Company’s utilization of forward foreign exchange contracts is subject to the primary underlying risk of movements in foreign currency exchange rates and to additional counterparty risk should its counterparties fail to meet the terms of their contracts. Forward foreign exchange contracts are utilized to mitigate the Company’s risk to satisfy customer demand for foreign currencies and are not used for trading purposes. See “Note 10. Derivative Financial Instruments” for more information.

Reorganization Transactions

In connection with the Reorganization Transactions as discussed in Note 1, FHI (formerly BancWest) distributed its interest in BWHI (including BOW) to BNPP so that BWHI was held directly by BNPP. BWHI is now held indirectly by BNPP through its intermediate holding company. As a result of the Reorganization Transactions that occurred on April 1, 2016, various tax or other contingent liabilities could arise related to the business of BOW, or related to the Company’s operations prior to the restructuring when it was known as BancWest, including its then-wholly-owned subsidiary, BOW. The Company is not able to determine the ultimate outcome or estimate the amounts of these contingent liabilities, if any, at this time.

Earnings per Share

6 Months Ended

Jun. 30, 2017

Earnings per Share

Earnings per Share

12. Earnings per Share

For the three and six months ended June 30, 2017 and 2016, the Company made no adjustments to net income for the purpose of computing earnings per share and there were no antidilutive securities. For the three and six months ended June 30, 2017 and 2016, the computations of basic and diluted earnings per share were as follows:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in thousands, except shares and per share amounts)	2017		2016		2017		2016
Numerator:
Net income	$	56,895	$	54,860	$	113,635	$	120,391

Denominator:
Basic: weighted-average shares outstanding		139,546,615		139,459,620		139,546,174		139,459,620
Add: weighted-average equity-based awards		99,502		—		98,383		—
Diluted: weighted-average shares outstanding		139,646,117		139,459,620		139,644,557		139,459,620

Basic earnings per share	$	0.41	$	0.39	$	0.81	$	0.86
Diluted earnings per share	$	0.41	$	0.39	$	0.81	$	0.86

Benefit Plans

6 Months Ended

Jun. 30, 2017

Benefit Plans

Benefit Plans

13. Benefit Plans

The following table sets forth the components of net periodic benefit cost for the three and six months ended June 30, 2017 and 2016, recorded as a component of salaries and employee benefits in the unaudited consolidated statements of income:


	Pension Benefits				Other Benefits
(dollars in thousands)	2017		2016		2017		2016
Three Months Ended June 30,
Service cost	$	157	$	214	$	179	$	192
Interest cost		2,042		2,157		201		211
Expected return on plan assets		(1,242)		(1,164)		—		—
Prior service credit		—		—		(108)		(107)
Recognized net actuarial loss		1,999		1,774		—		—
Total net periodic benefit cost	$	2,956	$	2,981	$	272	$	296

Six Months Ended June 30,
Service cost	$	315	$	429	$	358	$	384
Interest cost		4,083		4,314		402		421
Expected return on plan assets		(2,484)		(2,335)		—		—
Prior service credit		—		—		(215)		(214)
Recognized net actuarial loss		3,998		3,545		—		—
Total net periodic benefit cost	$	5,912	$	5,953	$	545	$	591

Fair Value

6 Months Ended

Jun. 30, 2017

Fair Value

Fair Value

14. Fair Value

The Company determines the fair values of its financial instruments based on the requirements established in Accounting Standards Codification (“ASC”) 820, Fair Value Measurements, which provides a framework for measuring fair value under GAAP and requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 defines fair value as the exit price, the price that would be received for an asset or paid to transfer a liability, in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date under current market conditions.

Fair Value Hierarchy

ASC 820 establishes three levels of fair values based on the markets in which the assets or liabilities are traded and the reliability of the assumptions used to determine fair value. The levels are:

Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access.

Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3: Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability (“Company-level data”). Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation.

ASC 820 requires that the Company disclose estimated fair values for certain financial instruments. Financial instruments include such items as investment securities, loans, deposits, interest rate and foreign exchange contracts, interest rate swaps and other instruments as defined by the standard. The Company has an organized and established process for determining and reviewing the fair value of financial instruments reported in the Company’s financial statements. The fair value measurements are reviewed to ensure they are reasonable and in line with market experience in similar asset and liability classes.

Additionally, the Company may be required to record at fair value other assets on a nonrecurring basis, such as other real estate owned, other customer relationships, and other intangible assets. These nonrecurring fair value adjustments typically involve the application of lower-of-cost-or-fair-value accounting or write-downs of individual assets.

Disclosure of fair values is not required for certain items such as lease financing, obligations for pension and other postretirement benefits, premises and equipment, prepaid expenses, and income tax assets and liabilities.

Reasonable comparisons of fair value information with that of other financial institutions cannot necessarily be made because the standard permits many alternative calculation techniques, and numerous assumptions have been used to estimate the Company’s fair values.

Valuation Techniques Used in the Fair Value Measurement of Assets and Liabilities Carried at Fair Value

For the assets and liabilities measured at fair value on a recurring basis (categorized in the valuation hierarchy table below), the Company applies the following valuation techniques:

Available-for-sale securities

Available-for-sale debt securities are recorded at fair value on a recurring basis. Fair value measurement is based on quoted prices, including estimates by third-party pricing services, if available. If quoted prices are not available, fair values are measured using proprietary valuation models that utilize market observable parameters from active market makers and inter-dealer brokers whereby securities are valued based upon available market data for securities with similar characteristics. Management reviews the pricing information received from the Company’s third-party pricing service to evaluate the inputs and valuation methodologies used to place securities into the appropriate level of the fair value hierarchy and transfers of securities within the fair value hierarchy are made if necessary. On a monthly basis, management reviews the pricing information received from the third-party pricing service which includes a comparison to non-binding third-party broker quotes, as well as a review of market-related conditions impacting the information provided by the third-party pricing service. Management also identifies investment securities which may have traded in illiquid or inactive markets by identifying instances of a significant decrease in the volume or frequency of trades, relative to historical levels, as well as instances of a significant widening of the bid-ask spread in the brokered markets. As of June 30, 2017 and December 31, 2016, management did not make adjustments to prices provided by the third-party pricing services as a result of illiquid or inactive markets. The Company’s third-party pricing service has also established processes for the Company to submit inquiries regarding quoted prices. Periodically, the Company will challenge the quoted prices provided by the third-party pricing service. The Company’s third-party pricing service will review the inputs to the evaluation in light of the new market data presented by the Company. The Company’s third-party pricing service may then affirm the original quoted price or may update the evaluation on a going forward basis. The Company classifies all available-for-sale securities as Level 2 in the fair value hierarchy.

Derivatives

Most of the Company’s derivatives are traded in over-the-counter markets where quoted market prices are not readily available. For those derivatives, the Company measures fair value on a recurring basis using proprietary valuation models that primarily use market observable inputs, such as yield curves, and option volatilities. The fair value of derivatives includes values associated with counterparty credit risk and the Company’s own credit standing. The Company classifies these derivatives, included in other assets and other liabilities, as Level 2 in the fair value hierarchy.

Concurrent with the sale of the Visa Class B restricted shares, the Company entered into an agreement with the buyer that requires payment to the buyer in the event Visa reduces each member bank’s Class B conversion ratio to unrestricted Class A common shares. The Visa derivative of $6.5 million and $7.5 million was included in the unaudited consolidated balance sheets at June 30, 2017 and December 31, 2016, respectively, to provide for the fair value of this liability. The potential liability related to this funding swap agreement was determined based on management’s estimate of the timing and the amount of Visa’s litigation settlement and the resulting payments due to the counterparty under the terms of the contract. As such, the funding swap agreement is classified as Level 3 in the fair value hierarchy. The significant unobservable inputs used in the fair value measurement of the Company’s funding swap agreement are the potential future changes in the conversion factor, expected term and growth rate of the market price of Visa Class A common shares. Material increases or (decreases) in any of those inputs may result in a significantly higher or (lower) fair value measurement.

Assets and Liabilities Recorded at Fair Value on a Recurring Basis

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2017 and December 31, 2016 are summarized below:


	Fair Value Measurements as of June 30, 2017
	Quoted Prices in		Significant
	Active Markets for		Other		Significant
	Identical Assets		Observable		Unobservable
(dollars in thousands)	(Level 1)		Inputs (Level 2)		Inputs (Level 3)		Total
Assets
U.S. Treasury securities	$	—	$	396,842	$	—	$	396,842
Government-sponsored enterprises debt securities		—		245,318		—		245,318
Government agency mortgage-backed securities (1)		—		168,798		—		168,798
Government-sponsored enterprises mortgage-backed securities (1)		—		191,617		—		191,617
Non-government asset-backed securities		—		3,801		—		3,801
Collateralized mortgage obligations:
Government agency		—		3,309,319		—		3,309,319
Government-sponsored enterprises		—		811,174		—		811,174
Total available-for-sale securities		—		5,126,869		—		5,126,869
Other assets (2)		—		19,660		—		19,660
Liabilities
Other liabilities (3)		—		(19,084)		(6,493)		(25,577)
Total	$	—	$	5,127,445	$	(6,493)	$	5,120,952


	Fair Value Measurements as of December 31, 2016
	Quoted Prices in		Significant
	Active Markets for		Other		Significant
	Identical Assets		Observable		Unobservable
(dollars in thousands)	(Level 1)		Inputs (Level 2)		Inputs (Level 3)		Total
Assets
U.S. Treasury securities	$	—	$	392,473	$	—	$	392,473
Government-sponsored enterprises debt securities		—		242,667		—		242,667
Government agency mortgage-backed securities (1)		—		185,663		—		185,663
Government-sponsored enterprises mortgage-backed securities (1)		—		204,385		—		204,385
Non-government asset-backed securities		—		12,583		—		12,583
Collateralized mortgage obligations:
Government agency		—		3,351,822		—		3,351,822
Government-sponsored enterprises		—		687,921		—		687,921
Total available-for-sale securities		—		5,077,514		—		5,077,514
Other assets (2)		—		15,982		—		15,982
Liabilities
Other liabilities (3)		—		(23,742)		(7,460)		(31,202)
Total	$	—	$	5,069,754	$	(7,460)	$	5,062,294

⁽¹⁾

Backed by residential real estate.

⁽²⁾

Other assets include derivative assets.

⁽³⁾

Other liabilities include derivative liabilities.

Changes in Fair Value Levels

For the three and six months ended June 30, 2017 and 2016, there were no transfers between fair value hierarchy levels.

The changes in Level 3 liabilities measured at fair value on a recurring basis for the three and six months ended June 30, 2017 and 2016 are summarized in the table below.


	Visa Derivative
(dollars in thousands)	2017		2016
Three Months Ended June 30,
Balance as of April 1,	$	(6,987)	$	(8,828)
Total net (losses) gains included in other noninterest income		(35)		19
Settlements		529		433
Balance as of June 30,	$	(6,493)	$	(8,376)
Total net (losses) gains included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30,	$	(35)	$	19

Six Months Ended June 30,
Balance as of January 1,	$	(7,460)	$	—
Total net (losses) gains included in other noninterest income		(32)		19
Purchases		—		(8,875)
Settlements		999		480
Balance as of June 30,	$	(6,493)	$	(8,376)
Total net (losses) gains included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30,	$	(32)	$	19

Valuation Techniques Used in the Fair Value Measurement of Assets and Liabilities Carried at Other Than Fair Value

For the financial instruments that are not required to be carried at fair value on a recurring basis (categorized in the valuation hierarchy table below), the Company uses the following methods and assumptions to estimate the fair value:

Short-term financial assets

Short-term financial assets include cash and due from banks, including Federal funds sold and accrued interest receivable. The carrying amount is considered a reasonable estimate of fair value because there is a relatively short duration of time between the origination of the instrument and its expected realization. As such, these short-term financial assets are classified as Level 1. Fair values of fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities. Accordingly, these assets are classified as Level 2.

Loans

Fair values are estimated for pools of loans with similar characteristics using discounted cash flow analyses. The Company utilizes interest rates currently being offered for groups of loans with similar terms to borrowers of similar credit quality to estimate the fair values of: (1) commercial and industrial loans; (2) certain mortgage loans, including 1-4 family residential, commercial real estate and rental property; and (3) consumer loans. As such, loans are classified as Level 3.

Deposits

The fair value of deposits with no maturity date, such as interest-bearing and noninterest-bearing checking, regular savings, and certain types of money market savings accounts, approximate their carrying amounts, the amounts payable on demand at the reporting date. Accordingly, these are classified as Level 1. Fair values of fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities. Accordingly, these are classified as Level 2.

Short-term borrowings

The fair values of short-term borrowings are estimated using quoted market prices or discounted cash flow analyses based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements. As such, short-term borrowings are classified as Level 2.

Off-balance sheet instruments

Fair values of letters of credit and commitments to extend credit are determined based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. As such, off-balance sheet financial instruments are classified as Level 3.

Standby letters of credit

The Company recognizes a liability for the fair value of the obligation undertaken in issuing a standby letter of credit at the inception of the guarantee. These liabilities are disclosed at fair value on a nonrecurring basis. Thereafter, these liabilities are carried at amortized cost. The fair value is based on the commission the Company receives when entering into the guarantee. As Company-level data is incorporated into the fair value measurement, the liability for standby letters of credit is classified as Level 3.

Assets and Liabilities Carried at Other Than Fair Value

The following tables summarize for the periods indicated the estimated fair value of the Company’s financial instruments that are not required to be carried at fair value on a recurring basis, excluding leases and short-term financial assets and liabilities for which carrying amounts approximate fair value. The tables also summarize the fair values of the Company’s off-balance sheet commitments, excluding lease commitments.


	June 30, 2017
			Fair Value Measurements
			Quoted Prices in		Significant		Significant
			Active Markets		Other		Unobservable
			for Identical		Observable		Inputs
(dollars in thousands)	Book Value		Assets (Level 1)		Inputs (Level 2)		(Level 3)		Total
Financial assets:
Short-term financial assets	$	1,227,765	$	355,752	$	872,012	$	—	$	1,227,764
Loans (1)		11,881,716		—		—		11,860,477		11,860,477

Financial liabilities:
Deposits	$	17,452,262	$	13,384,203	$	4,064,576	$	—	$	17,448,779

Off-balance sheet financial instruments:
Commitments to extend credit (2)	$	18,578	$	—	$	—	$	18,578	$	18,578
Standby letters of credit		1,077		—		—		1,077		1,077
Commercial letters of credit		18		—		—		18		18

⁽¹⁾

Excludes financing leases of $180.7 million at June 30, 2017.

⁽²⁾

There were no lease commitments at June 30, 2017.


	December 31, 2016
			Fair Value Measurements
			Quoted Prices in		Significant		Significant
			Active Markets		Other		Unobservable
			for Identical		Observable		Inputs
(dollars in thousands)	Book Value		Assets (Level 1)		Inputs (Level 2)		(Level 3)		Total
Financial assets:
Short-term financial assets	$	1,052,058	$	253,827	$	798,226	$	—	$	1,052,053
Loans (1)		11,340,338		—		—		11,306,675		11,306,675

Financial liabilities:
Deposits	$	16,794,532	$	13,055,935	$	3,730,945	$	—	$	16,786,880
Short-term borrowings		9,151		—		9,109		—		9,109

Off-balance sheet financial instruments:
Commitments to extend credit (2)	$	20,677	$	—	$	—	$	20,677	$	20,677
Standby letters of credit		876		—		—		876		876
Commercial letters of credit		17		—		—		17		17

⁽¹⁾

Excludes financing leases of $180.0 million at December 31, 2016.

⁽²⁾

There were no lease commitments at December 31, 2016.

Valuation Techniques Used in the Fair Value Measurement of Assets and Liabilities Carried at the Lower of Cost or Fair Value

The Company applies the following valuation techniques to assets measured at the lower of cost or fair value:

Mortgage servicing rights (“MSRs”)

MSRs are carried at the lower of cost or fair value and are therefore subject to fair value measurements on a nonrecurring basis. The fair value of MSRs is determined using models which use significant unobservable inputs, such as estimates of prepayment rates, the resultant weighted average lives of the MSRs and the option-adjusted spread levels. Accordingly, the Company classifies MSRs as Level 3.

Impaired loans

A large portion of the Company’s impaired loans are collateral dependent and are measured at fair value on a nonrecurring basis using collateral values as a practical expedient. The fair values of collateral for impaired loans are primarily based on real estate appraisal reports prepared by third party appraisers less disposition costs, present value of the expected future cash flows or the loan’s observable market price. Certain loans are measured based on the present value of expected future cash flows, discounted at the loan’s effective rate, which is not a fair value measurement. The Company measures the impairment on certain loans and leases by performing a lower-of-cost-or-fair-value analysis. If impairment is determined by the value of the collateral or an observable market price, it is written down to fair value on a nonrecurring basis as Level 3.

Other real estate owned

The Company values these properties at fair value at the time the Company acquires them, which establishes their new cost basis. After acquisition, the Company carries such properties at the lower of cost or fair value less estimated selling costs on a nonrecurring basis. Fair value is measured on a nonrecurring basis using collateral values as a practical expedient. The fair values of collateral for other real estate owned are primarily based on real estate appraisal reports prepared by third party appraisers less disposition costs, and are classified as Level 3.

Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis

The Company may be required to record certain assets at fair value on a nonrecurring basis in accordance with GAAP. These assets are subject to fair value adjustments that result from the application of lower of cost or fair value accounting or write-downs of individual assets to fair value.

The following table provides the level of valuation inputs used to determine each fair value adjustment and the fair value of the related individual assets or portfolio of assets with fair value adjustments on a nonrecurring basis as of June 30, 2017 and December 31, 2016:



(dollars in thousands)	Level 1		Level 2		Level 3
June 30, 2017
Impaired loans	$	—	$	—	$	—
December 31, 2016
Impaired loans	$	—	$	—	$	1,567

Total losses on impaired loans for the six months ended June 30, 2017 and 2016 was $0.5 million and $0.2 million, respectively.

For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of June 30, 2017 and December 31, 2016, the significant unobservable inputs used in the fair value measurements were as follows:


	Quantitative Information about Level 3 Fair Value Measurements at June 30, 2017
				Significant	Range
(dollars in thousands)	Fair value		Valuation Technique	Unobservable Input	(Weighted Average)
Other liabilities	$	(6,493)	Discounted Cash Flow	Expected Conversion Factor	1.6483
				Expected Term	4 years
				Growth Rate	15%


	Quantitative Information about Level 3 Fair Value Measurements at December 31, 2016
					Range
(dollars in thousands)	Fair value		Valuation Technique	Unobservable Input	(Weighted Average)
Impaired loans	$	1,567	Appraisal Value	Appraisal Value	n/m (1)
Other liabilities	$	(7,460)	Discounted Cash Flow	Expected Conversion Factor	1.6483
				Expected Term	4 years
				Growth Rate	15%

⁽¹⁾

The fair value of these assets is determined based on appraised values of collateral or broker price opinions, the range of which is not meaningful to disclose.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Reportable Operating Segments

6 Months Ended

Jun. 30, 2017

Reportable Operating Segments

Reportable Operating Segments

15. Reportable Operating Segments

The Company’s operations are organized into three business segments – Retail Banking, Commercial Banking, and Treasury and Other. These segments reflect how discrete financial information is currently evaluated by the chief operating decision maker and how performance is assessed and resources allocated. The Company’s internal management process measures the performance of these business segments. This process, which is not necessarily comparable with similar information for any other financial institution, uses various techniques to assign balance sheet and income statement amounts to the business segments, including allocations of income, expense, the provision for loan and lease losses, and capital. This process is dynamic and requires certain allocations based on judgment and other subjective factors. Unlike financial accounting, there is no comprehensive authoritative guidance for management accounting that is equivalent to GAAP.

The net interest income of the business segments reflects the results of a funds transfer pricing process that matches assets and liabilities with similar interest rate sensitivity and maturity characteristics and reflects the allocation of net interest income related to the Company’s overall asset and liability management activities on a proportionate basis. The basis for the allocation of net interest income is a function of the Company’s assumptions that are subject to change based on changes in current interest rates and market conditions. Funds transfer pricing also serves to transfer interest rate risk to Treasury.

The Company allocates the provision for loan and lease losses to each segment based on management’s estimate of the inherent loss content in each of the specific loan and lease portfolios.

Noninterest income and expense includes allocations from support units to the business segments. These allocations are based on actual usage where practicably calculated or by management’s estimate of such usage. Income tax expense is allocated to each business segment based on the consolidated effective income tax rate for the period shown.

Business Segments

Retail Banking

Retail Banking offers a broad range of financial products and services to consumers and small businesses. Loan and lease products offered include residential and commercial mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans and small business loans and leases. Deposit products offered include checking, savings, and time deposit accounts. Retail Banking also offers wealth management services. Products and services from Retail Banking are delivered to customers through 62 banking locations throughout the State of Hawaii, Guam, and Saipan.

Commercial Banking

Commercial Banking offers products that include corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards. Commercial lending and deposit products are offered primarily to middle-market and large companies locally, nationally, and internationally.

Treasury and Other

Treasury consists of corporate asset and liability management activities including interest rate risk management. The segment’s assets and liabilities (and related interest income and expense) consist of interest-bearing deposits, investment securities, federal funds sold and purchased, government deposits, short and long-term borrowings and bank-owned properties. The primary sources of noninterest income are from bank-owned life insurance, net gains from the sale of investment securities, foreign exchange income related to customer-driven currency requests from merchants and island visitors and management of bank-owned properties. The net residual effect of the transfer pricing of assets and liabilities is included in Treasury, along with the elimination of intercompany transactions.

Other organizational units (Technology, Operations, Credit and Risk Management, Human Resources, Finance, Administration, Marketing, and Corporate and Regulatory Administration) provide a wide-range of support to the Company’s other income earning segments. Expenses incurred by these support units are charged to the business segments through an internal cost allocation process.

The following tables present selected business segment financial information for the periods indicated:


					Treasury
	Retail		Commercial		and
(dollars in thousands)	Banking		Banking		Other		Total
Three Months Ended June 30, 2017
Net interest income (expense)	$	106,912	$	27,726	$	(3,384)	$	131,254
Provision for loan and lease losses		(1,626)		(2,774)		—		(4,400)
Net interest income (expense) after provision for loan and lease losses		105,286		24,952		(3,384)		126,854

Noninterest income		22,381		18,921		7,568		48,870
Noninterest expense		(56,168)		(15,758)		(13,315)		(85,241)
Income (loss) before (provision) benefit for income taxes		71,499		28,115		(9,131)		90,483

(Provision) benefit for income taxes		(26,485)		(10,409)		3,306		(33,588)
Net income (loss)	$	45,014	$	17,706	$	(5,825)	$	56,895
Total assets as of June 30, 2017	$	6,779,914	$	5,408,202	$	8,185,858	$	20,373,974


					Treasury
	Retail		Commercial		and
(dollars in thousands)	Banking		Banking		Other		Total
Six Months Ended June 30, 2017
Net interest income (expense)	$	212,613	$	55,259	$	(7,273)	$	260,599
Provision for loan and lease losses		(3,289)		(5,611)		—		(8,900)
Net interest income (expense) after provision for loan and lease losses		209,324		49,648		(7,273)		251,699

Noninterest income		46,000		36,491		15,786		98,277
Noninterest expense		(111,408)		(30,807)		(27,365)		(169,580)
Income (loss) before (provision) benefit for income taxes		143,916		55,332		(18,852)		180,396

(Provision) benefit for income taxes		(53,218)		(20,443)		6,900		(66,761)
Net income (loss)	$	90,698	$	34,889	$	(11,952)	$	113,635
Total assets as of June 30, 2017	$	6,779,914	$	5,408,202	$	8,185,858	$	20,373,974


					Treasury
	Retail		Commercial		and
(dollars in thousands)	Banking		Banking		Other		Total
Three Months Ended June 30, 2016
Net interest income (expense)	$	103,771	$	28,212	$	(11,556)	$	120,427
Provision for loan and lease losses		(696)		(1,204)		—		(1,900)
Net interest income (expense) after provision for loan and lease losses		103,075		27,008		(11,556)		118,527

Noninterest income		22,525		16,671		7,175		46,371
Noninterest expense		(54,266)		(13,106)		(11,101)		(78,473)
Income (loss) before (provision) benefit for income taxes		71,334		30,573		(15,482)		86,425

(Provision) benefit for income taxes		(26,067)		(11,145)		5,647		(31,565)
Net income (loss)	$	45,267	$	19,428	$	(9,835)	$	54,860
Total assets as of June 30, 2016	$	6,841,661	$	4,460,197	$	7,750,735	$	19,052,593


					Treasury
	Retail		Commercial		and
(dollars in thousands)	Banking		Banking		Other		Total
Six Months Ended June 30, 2016
Net interest income (expense)	$	206,196	$	55,805	$	(24,262)	$	237,739
Provision for loan and lease losses		(952)		(1,648)		—		(2,600)
Net interest income (expense) after provision for loan and lease losses		205,244		54,157		(24,262)		235,139

Noninterest income		46,155		33,019		40,716		119,890
Noninterest expense		(109,402)		(24,884)		(29,251)		(163,537)
Income (loss) before (provision) benefit for income taxes		141,997		62,292		(12,797)		191,492

(Provision) benefit for income taxes		(53,055)		(23,241)		5,195		(71,101)
Net income (loss)	$	88,942	$	39,051	$	(7,602)	$	120,391
Total assets as of June 30, 2016	$	6,841,661	$	4,460,197	$	7,750,735	$	19,052,593

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

+ Details

Investment Securities (Tables)

6 Months Ended

Jun. 30, 2017

Investment Securities

Schedule of amortized cost and fair value of securities


	June 30, 2017								December 31, 2016
	Amortized		Unrealized		Unrealized		Fair		Amortized		Unrealized		Unrealized		Fair
(dollars in thousands)	Cost		Gains		Losses		Value		Cost		Gains		Losses		Value
U.S. Treasury securities	$	405,011	$	—	$	(8,169)	$	396,842	$	405,637	$	—	$	(13,164)	$	392,473
Government-sponsored enterprises debt securities		249,709		54		(4,445)		245,318		249,707		16		(7,056)		242,667
Government agency mortgage-backed securities		173,078		—		(4,280)		168,798		190,485		—		(4,822)		185,663
Government-sponsored enterprises mortgage-backed securities		194,340		267		(2,990)		191,617		208,034		385		(4,034)		204,385
Non-government asset-backed securities		3,802		—		(1)		3,801		12,592		—		(9)		12,583
Collateralized mortgage obligations:
Government agency		3,345,644		1,760		(38,085)		3,309,319		3,409,822		794		(58,794)		3,351,822
Government-sponsored enterprises		821,593		1,236		(11,655)		811,174		700,338		789		(13,206)		687,921
Total available-for-sale securities	$	5,193,177	$	3,317	$	(69,625)	$	5,126,869	$	5,176,615	$	1,984	$	(101,085)	$	5,077,514

Schedule of amortized cost and fair value of debt securities by contractual maturity


	June 30, 2017
	Amortized		Fair
(dollars in thousands)	Cost		Value
Due after one year through five years	$	305,580	$	299,129
Due after five years through ten years		349,140		343,031
		654,720		642,160

Government agency mortgage-backed securities		173,078		168,798
Government-sponsored enterprises mortgage-backed securities		194,340		191,617
Non-government asset-backed securities		3,802		3,801
Collateralized mortgage obligations:
Government agency		3,345,644		3,309,319
Government-sponsored enterprises		821,593		811,174
Total mortgage- and asset-backed securities		4,538,457		4,484,709
Total available-for-sale securities	$	5,193,177	$	5,126,869

Schedule of unrealized gross losses and fair values of securities in a continuous loss position


	Time in Continuous Loss as of June 30, 2017
	Less Than 12 Months				12 Months or More				Total
	Unrealized				Unrealized				Unrealized
(dollars in thousands)	Losses		Fair Value		Losses		Fair Value		Losses		Fair Value
U.S. Treasury securities	$	(8,169)	$	396,842	$	—	$	—	$	(8,169)	$	396,842
Government-sponsored enterprises debt securities		(4,445)		210,264		—		—		(4,445)		210,264
Government agency mortgage-backed securities		(4,280)		168,798		—		—		(4,280)		168,798
Government-sponsored enterprises mortgage-backed securities		(2,990)		184,143		—		—		(2,990)		184,143
Non-government asset-backed securities		(1)		1,640		—		2,161		(1)		3,801
Collateralized mortgage obligations:
Government agency		(29,692)		2,488,757		(8,393)		329,429		(38,085)		2,818,186
Government-sponsored enterprises		(2,213)		373,103		(9,442)		254,440		(11,655)		627,543
Total available-for-sale securities with unrealized losses	$	(51,790)	$	3,823,547	$	(17,835)	$	586,030	$	(69,625)	$	4,409,577


	Time in Continuous Loss as of December 31, 2016
	Less Than 12 Months				12 Months or More				Total
	Unrealized				Unrealized				Unrealized
(dollars in thousands)	Losses		Fair Value		Losses		Fair Value		Losses		Fair Value
U.S. Treasury securities	$	(13,164)	$	392,473	$	—	$	—	$	(13,164)	$	392,473
Government-sponsored enterprises debt securities		(7,056)		207,651		—		—		(7,056)		207,651
Government agency mortgage-backed securities		(4,822)		185,663		—		—		(4,822)		185,663
Government-sponsored enterprises mortgage-backed securities		(4,034)		195,848		—		—		(4,034)		195,848
Non-government asset-backed securities		(3)		5,202		(6)		7,381		(9)		12,583
Collateralized mortgage obligations:
Government agency		(51,484)		2,847,103		(7,310)		233,706		(58,794)		3,080,809
Government-sponsored enterprises		(1,807)		252,065		(11,399)		279,282		(13,206)		531,347
Total available-for-sale securities with unrealized losses	$	(82,370)	$	4,086,005	$	(18,715)	$	520,369	$	(101,085)	$	4,606,374

Loans and Leases (Tables)

6 Months Ended

Jun. 30, 2017

Loans and Leases

Schedule of components of loans and leases


	June 30,		December 31,
(dollars in thousands)	2017		2016
Commercial and industrial	$	3,331,092	$	3,239,600
Real estate:
Commercial		2,545,479		2,343,495
Construction		555,794		450,012
Residential		3,921,881		3,796,459
Total real estate		7,023,154		6,589,966
Consumer		1,527,470		1,510,772
Lease financing		180,676		180,040
Total loans and leases	$	12,062,392	$	11,520,378

Schedule of components of remaining loan and lease commitments


	June 30,		December 31,
(dollars in thousands)	2017		2016
Commercial and industrial	$	2,180,122	$	2,185,810
Real estate:
Commercial		83,774		88,331
Construction		417,633		434,406
Residential		990,924		953,781
Total real estate		1,492,331		1,476,518
Consumer		1,481,746		1,459,467
Lease financing		16		16
Total loan and lease commitments	$	5,154,215	$	5,121,811

Allowance for Loan and Lease Losses (Tables)

6 Months Ended

Jun. 30, 2017

Allowance for Loan and Lease Losses

Schedule of components of allowance for loan and lease losses


	Three Months Ended June 30, 2017
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Balance at beginning of period	$	31,557	$	19,932	$	4,532	$	813	$	43,541	$	27,456	$	8,016	$	135,847
Charge-offs		(75)		—		—		(146)		—		(5,251)		—		(5,472)
Recoveries		129		55		—		—		150		1,774		—		2,108
Increase (decrease) in Provision		1,730		24		939		190		683		3,924		(3,090)		4,400
Balance at end of period	$	33,341	$	20,011	$	5,471	$	857	$	44,374	$	27,903	$	4,926	$	136,883


	Six Months Ended June 30, 2017
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Balance at beginning of period	$	33,129	$	18,448	$	4,513	$	847	$	43,436	$	28,388	$	6,733	$	135,494
Charge-offs		(930)		—		—		(146)		(22)		(10,823)		—		(11,921)
Recoveries		243		132		—		—		471		3,564		—		4,410
Increase (decrease) in Provision		899		1,431		958		156		489		6,774		(1,807)		8,900
Balance at end of period	$	33,341	$	20,011	$	5,471	$	857	$	44,374	$	27,903	$	4,926	$	136,883


	Three Months Ended June 30, 2016
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Balance at beginning of period	$	35,027	$	18,504	$	4,514	$	807	$	45,638	$	27,923	$	4,741	$	137,154
Charge-offs		(52)		—		—		—		(456)		(4,295)		—		(4,803)
Recoveries		19		47		—		1		460		1,582		—		2,109
Increase (decrease) in Provision		798		(291)		122		(28)		810		3,176		(2,687)		1,900
Balance at end of period	$	35,792	$	18,260	$	4,636	$	780	$	46,452	$	28,386	$	2,054	$	136,360


	Six Months Ended June 30, 2016
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Balance at beginning of period	$	34,025	$	18,489	$	3,793	$	888	$	46,099	$	28,385	$	3,805	$	135,484
Charge-offs		(138)		—		—		—		(528)		(8,501)		—		(9,167)
Recoveries		222		3,246		—		1		766		3,208		—		7,443
Increase (decrease) in Provision		1,683		(3,475)		843		(109)		115		5,294		(1,751)		2,600
Balance at end of period	$	35,792	$	18,260	$	4,636	$	780	$	46,452	$	28,386	$	2,054	$	136,360

Schedule of disaggregation of Allowance and recorded investment in loans by impairment methodology


	June 30, 2017
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Individually evaluated for impairment	$	5	$	7	$	—	$	—	$	653	$	—	$	—	$	665
Collectively evaluated for impairment		33,336		20,004		5,471		857		43,721		27,903		4,926		136,218
Balance at end of period	$	33,341	$	20,011	$	5,471	$	857	$	44,374	$	27,903	$	4,926	$	136,883
Loans and leases:
Individually evaluated for impairment	$	19,285	$	9,263	$	—	$	—	$	17,278	$	—	$	—	$	45,826
Collectively evaluated for impairment		3,311,807		2,536,216		555,794		180,676		3,904,603		1,527,470		—		12,016,566
Balance at end of period	$	3,331,092	$	2,545,479	$	555,794	$	180,676	$	3,921,881	$	1,527,470	$	—	$	12,062,392


	December 31, 2016
	Commercial Lending
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Residential		Consumer		Unallocated		Total
Allowance for loan and lease losses:
Individually evaluated for impairment	$	380	$	7	$	—	$	—	$	705	$	—	$	—	$	1,092
Collectively evaluated for impairment		32,749		18,441		4,513		847		42,731		28,388		6,733		134,402
Balance at end of period	$	33,129	$	18,448	$	4,513	$	847	$	43,436	$	28,388	$	6,733	$	135,494
Loans and leases:
Individually evaluated for impairment	$	27,572	$	12,545	$	—	$	153	$	19,158	$	—	$	—	$	59,428
Collectively evaluated for impairment		3,212,028		2,330,950		450,012		179,887		3,777,301		1,510,772		—		11,460,950
Balance at end of period	$	3,239,600	$	2,343,495	$	450,012	$	180,040	$	3,796,459	$	1,510,772	$	—	$	11,520,378

Schedule of credit risk profiles by internally assigned grade for loans and leases


	June 30, 2017
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Total
Grade:
Pass	$	3,227,317	$	2,501,783	$	548,893	$	179,906	$	6,457,899
Special mention		42,178		22,351		5,821		589		70,939
Substandard		60,230		21,345		1,080		181		82,836
Doubtful		1,367		—		—		—		1,367
Total	$	3,331,092	$	2,545,479	$	555,794	$	180,676	$	6,613,041


	December 31, 2016
	Commercial		Commercial
	and		Real				Lease
(dollars in thousands)	Industrial		Estate		Construction		Financing		Total
Grade:
Pass	$	3,166,304	$	2,298,839	$	445,149	$	179,345	$	6,089,637
Special mention		41,719		23,859		3,789		368		69,735
Substandard		29,811		20,797		1,074		174		51,856
Doubtful		1,766		—		—		153		1,919
Total	$	3,239,600	$	2,343,495	$	450,012	$	180,040	$	6,213,147

Schedule of credit risk profiles based on payment activity for loans and leases


	June 30, 2017
(dollars in thousands)	Residential		Consumer		Consumer - Auto		Credit Cards		Total
Performing	$	3,907,274	$	230,121	$	951,329	$	326,581	$	5,415,305
Non-performing and delinquent		14,607		3,197		12,848		3,394		34,046
Total	$	3,921,881	$	233,318	$	964,177	$	329,975	$	5,449,351


	December 31, 2016
(dollars in thousands)	Residential		Consumer		Consumer - Auto		Credit Cards		Total
Performing	$	3,778,070	$	240,185	$	906,829	$	340,801	$	5,265,885
Non-performing and delinquent		18,389		3,327		15,927		3,703		41,346
Total	$	3,796,459	$	243,512	$	922,756	$	344,504	$	5,307,231

Schedule of aging analyses of past due loans and leases


	June 30, 2017
	Accruing Loans and Leases
					Greater								Total Non
					Than or						Total		Accruing
	30-59		60-89		Equal to		Total				Accruing		Loans
	Days		Days		90 Days		Past				Loans and		and		Total
(dollars in thousands)	Past Due		Past Due		Past Due		Due		Current		Leases		Leases		Outstanding
Commercial and industrial	$	791	$	185	$	1,275	$	2,251	$	3,326,686	$	3,328,937	$	2,155	$	3,331,092
Commercial real estate		3,190		—		—		3,190		2,542,289		2,545,479		—		2,545,479
Construction		86		84		350		520		555,274		555,794		—		555,794
Lease financing		—		—		—		—		180,676		180,676		—		180,676
Residential		6,334		1,161		1,543		9,038		3,907,274		3,916,312		5,569		3,921,881
Consumer		14,397		3,169		1,873		19,439		1,508,031		1,527,470		—		1,527,470
Total	$	24,798	$	4,599	$	5,041	$	34,438	$	12,020,230	$	12,054,668	$	7,724	$	12,062,392


	December 31, 2016
	Accruing Loans and Leases
					Greater								Total Non
					Than or						Total		Accruing
	30-59		60-89		Equal to		Total				Accruing		Loans
	Days		Days		90 Days		Past				Loans and		and		Total
(dollars in thousands)	Past Due		Past Due		Past Due		Due		Current		Leases		Leases		Outstanding
Commercial and industrial	$	720	$	163	$	449	$	1,332	$	3,235,538	$	3,236,870	$	2,730	$	3,239,600
Commercial real estate		475		—		—		475		2,343,020		2,343,495		—		2,343,495
Construction		—		—		—		—		450,012		450,012		—		450,012
Lease financing		—		—		83		83		179,804		179,887		153		180,040
Residential		9,907		1,069		866		11,842		3,778,070		3,789,912		6,547		3,796,459
Consumer		17,626		3,460		1,870		22,956		1,487,816		1,510,772		—		1,510,772
Total	$	28,728	$	4,692	$	3,268	$	36,688	$	11,474,260	$	11,510,948	$	9,430	$	11,520,378

Schedule of total carrying amounts and total unpaid principal balances of impaired loans and leases


	June 30, 2017
			Unpaid
	Recorded		Principal		Related
(dollars in thousands)	Investment		Balance		Allowance
Impaired loans with no related allowance recorded:
Commercial and industrial	$	19,129	$	19,861	$	—
Commercial real estate		8,348		8,348		—
Residential		8,300		8,908		—
Total	$	35,777	$	37,117	$	—
Impaired loans with a related allowance recorded:
Commercial and industrial	$	156	$	156	$	5
Commercial real estate		915		915		7
Residential		8,978		9,259		653
Total	$	10,049	$	10,330	$	665
Total impaired loans:
Commercial and industrial	$	19,285	$	20,017	$	5
Commercial real estate		9,263		9,263		7
Residential		17,278		18,167		653
Total	$	45,826	$	47,447	$	665


	December 31, 2016
			Unpaid
	Recorded		Principal		Related
(dollars in thousands)	Investment		Balance		Allowance
Impaired loans with no related allowance recorded:
Commercial and industrial	$	22,404	$	22,608	$	—
Commercial real estate		11,598		11,598		—
Lease financing		153		153		—
Residential		9,608		10,628		—
Total	$	43,763	$	44,987	$	—
Impaired loans with a related allowance recorded:
Commercial and industrial	$	5,168	$	5,624	$	380
Commercial real estate		947		947		7
Residential		9,550		9,831		705
Total	$	15,665	$	16,402	$	1,092
Total impaired loans:
Commercial and industrial	$	27,572	$	28,232	$	380
Commercial real estate		12,545		12,545		7
Lease financing		153		153		—
Residential		19,158		20,459		705
Total	$	59,428	$	61,389	$	1,092

Schedule of average balances, and of interest income recognized from, impaired loans


	Three Months Ended				Six Months Ended
	June 30, 2017				June 30, 2017
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(dollars in thousands)	Investment		Recognized		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial and industrial	$	20,068	$	209	$	20,847	$	438
Commercial real estate		9,866		117		10,443		246
Lease financing		77		—		102		—
Residential		8,187		144		8,661		280
Total	$	38,198	$	470	$	40,053	$	964
Impaired loans with a related allowance recorded:
Commercial and industrial	$	3,697	$	3	$	4,187	$	50
Commercial real estate		924		11		932		22
Residential		9,140		95		9,276		189
Total	$	13,761	$	109	$	14,395	$	261
Total impaired loans:
Commercial and industrial	$	23,765	$	212	$	25,034	$	488
Commercial real estate		10,790		128		11,375		268
Lease financing		77		—		102		—
Residential		17,327		239		17,937		469
Total	$	51,959	$	579	$	54,448	$	1,225


	Three Months Ended				Six Months Ended
	June 30, 2016				June 30, 2016
	Average		Interest		Average		Interest
	Recorded		Income		Recorded		Income
(dollars in thousands)	Investment		Recognized		Investment		Recognized
Impaired loans with no related allowance recorded:
Commercial and industrial	$	30,443	$	338	$	25,577	$	651
Commercial real estate		8,397		140		7,527		284
Construction		283		—		188		8
Lease financing		176		—		177		—
Residential		13,626		104		14,166		235
Total	$	52,925	$	582	$	47,635	$	1,178
Impaired loans with a related allowance recorded:
Commercial and industrial	$	892	$	—	$	595	$	—
Residential		8,857		85		8,267		176
Total	$	9,749	$	85	$	8,862	$	176
Total impaired loans:
Commercial and industrial	$	31,335	$	338	$	26,172	$	651
Commercial real estate		8,397		140		7,527		284
Construction		283		—		188		8
Lease financing		176		—		177		—
Residential		22,483		189		22,433		411
Total	$	62,674	$	667	$	56,497	$	1,354

Schedule of information related to loans modified in a TDR


	Three Months Ended					Six Months Ended
	June 30, 2017					June 30, 2017
	Number of	Recorded		Related		Number of	Recorded		Related
(dollars in thousands)	Contracts	Investment(1)		Allowance		Contracts	Investment(1)		Allowance
Commercial and industrial	—	$	—	$	—	1	$	1,150	$	—
Residential	1		310		10	2		663		21
Total	1	$	310	$	10	3	$	1,813	$	21


	Three Months Ended					Six Months Ended
	June 30, 2016					June 30, 2016
	Number of	Recorded		Related		Number of	Recorded		Related
(dollars in thousands)	Contracts	Investment(1)		Allowance		Contracts	Investment(1)		Allowance
Commercial and industrial	2	$	7,857	$	—	4	$	15,953	$	—
Commercial real estate	2		5,538		—	2		5,538		—
Residential	2		1,195		—	8		3,589		63
Total	6	$	14,590	$	—	14	$	25,080	$	63

⁽¹⁾

Schedule of TDRs that defaulted in period within 12 months of their permanent modification date


	Three Months Ended			Six Months Ended			Three Months Ended			Six Months Ended
	June 30, 2017			June 30, 2017			June 30, 2016			June 30, 2016
	Number of	Recorded		Number of	Recorded		Number of	Recorded		Number of	Recorded
(dollars in thousands)	Contracts	Investment(1)		Contracts	Investment(1)		Contracts	Investment(1)		Contracts	Investment(1)
Commercial and industrial (2)	1	$	2,496	1	$	2,496	—	$	—	1	$	2,496
Commercial real estate (3)	1		1,393	1		1,393	—		—	—		—
Residential (4)	—		—	1		510	—		—	—		—
Total	2	$	3,889	3	$	4,399	—	$	—	1	$	2,496

⁽¹⁾

⁽²⁾

For the three months ended June 30, 2017 and six months ended June 30, 2017 and 2016, the maturity date for the commercial and industrial loan that subsequently defaulted was extended.

⁽³⁾

For the three and six months ended June 30, 2017, the commercial real estate loan that subsequently defaulted was extended.

⁽⁴⁾

For the six months ended June 30, 2017, the residential real estate loan that subsequently defaulted was modified for interest-only payments.

Transfers of Financial Assets (Tables)

6 Months Ended

Jun. 30, 2017

Transfers of Financial Assets

Schedule of carrying amounts of assets pledged as collateral


(dollars in thousands)	June 30, 2017		December 31, 2016
Public deposits	$	2,728,505	$	2,521,761
Federal Home Loan Bank		2,260,995		2,097,233
Federal Reserve Bank		903,335		935,672
Repurchase agreements		—		10,066
ACH transactions		151,003		152,394
Interest rate swaps		35,153		30,399
Total	$	6,078,991	$	5,747,525

Schedule of disaggregation of gross amount of recognized liabilities for repurchase agreements by class of collateral pledged


	December 31, 2016
	Remaining Contractual Maturity of the Agreements
	Up to				Greater than
(dollars in thousands)	30 days		30-90 days		90 days		Total
Government agency collateralized mortgage obligations	$	1,200	$	—	$	4,951	$	6,151
Government-sponsored enterprises mortgage-backed securities		—		2,000		1,000		3,000
Gross amount of recognized liabilities for repurchase agreements	$	1,200	$	2,000	$	5,951	$	9,151

Deposits (Tables)

6 Months Ended

Jun. 30, 2017

Deposits

Schedule of deposits by category


(dollars in thousands)	June 30, 2017		December 31, 2016
U.S.:
Interest-bearing	$	10,903,294	$	10,129,958
Noninterest-bearing		5,227,404		5,399,212
Foreign:
Interest-bearing		677,370		671,957
Noninterest-bearing		644,194		593,405
Total deposits	$	17,452,262	$	16,794,532

Schedule of maturity distribution of time certificates of deposits

The following table presents the maturity distribution of time certificates of deposit as of June 30, 2017:


	Under		$250,000
(dollars in thousands)	$250,000		or More		Total
Three months or less	$	236,404	$	1,714,290	$	1,950,694
Over three through six months		269,544		549,241		818,785
Over six through twelve months		267,980		394,465		662,445
One to two years		126,118		83,882		210,000
Two to three years		124,299		47,956		172,255
Three to four years		92,840		49,420		142,260
Four to five years		81,989		29,613		111,602
Thereafter		18		—		18
Total	$	1,199,192	$	2,868,867	$	4,068,059

Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2017

Accumulated Other Comprehensive Loss

Schedule of changes in accumulated other comprehensive loss


			Income
			Tax
	Pre-tax		Benefit		Net of
(dollars in thousands)	Amount		(Expense)		Tax
Accumulated other comprehensive loss at March 31, 2017	$	(143,296)	$	56,604	$	(86,692)
Three months ended June 30, 2017
Investment securities:
Unrealized net gains arising during the period		31,215		(12,330)		18,885
Net change in unrealized gains on investment securities		31,215		(12,330)		18,885
Cash flow derivative hedges:
Unrealized net gains on cash flow derivative hedges arising during the period		258		(102)		156
Net change in unrealized gains on cash flow derivative hedges		258		(102)		156
Other comprehensive income		31,473		(12,432)		19,041
Accumulated other comprehensive loss at June 30, 2017	$	(111,823)	$	44,172	$	(67,651)


			Income
			Tax
	Pre-tax		Benefit		Net of
(dollars in thousands)	Amount		(Expense)		Tax
Accumulated other comprehensive loss at December 31, 2016	$	(145,472)	$	57,461	$	(88,011)
Six months ended June 30, 2017
Investment securities:
Unrealized net gains arising during the period		32,793		(12,951)		19,842
Net change in unrealized gains on investment securities		32,793		(12,951)		19,842
Cash flow derivative hedges:
Unrealized net gains on cash flow derivative hedges arising during the period		856		(338)		518
Net change in unrealized gains on cash flow derivative hedges		856		(338)		518
Other comprehensive income		33,649		(13,289)		20,360
Accumulated other comprehensive loss at June 30, 2017	$	(111,823)	$	44,172	$	(67,651)


			Income
			Tax
	Pre-tax		Benefit		Net of
(dollars in thousands)	Amount		(Expense)		Tax
Accumulated other comprehensive loss at March 31, 2016	$	(30,369)	$	11,996	$	(18,373)
Three months ended June 30, 2016
Pension and other benefits:
Change due to Reorganization Transactions		(78)		32		(46)
Net change in pension and other benefits		(78)		32		(46)
Investment securities:
Unrealized net gains arising during the period		21,605		(8,535)		13,070
Reclassification of net gains to net income:
Investment securities gains, net		(3)		—		(3)
Net change in unrealized gains on investment securities		21,602		(8,535)		13,067
Cash flow derivative hedges:
Unrealized net gains on cash flow derivative hedges arising during the period		201		(76)		125
Net change in unrealized gains on cash flow derivative hedges		201		(76)		125
Other comprehensive income		21,725		(8,579)		13,146
Accumulated other comprehensive loss at June 30, 2016	$	(8,644)	$	3,417	$	(5,227)


			Income
			Tax
	Pre-tax		Benefit		Net of
(dollars in thousands)	Amount		(Expense)		Tax
Accumulated other comprehensive loss at December 31, 2015	$	(84,722)	$	33,463	$	(51,259)
Six months ended June 30, 2016
Pension and other benefits:
Change due to Reorganization Transactions		(78)		32		(46)
Net change in pension and other benefits		(78)		32		(46)
Investment securities:
Unrealized net gains arising during the period		102,515		(40,493)		62,022
Reclassification of net gains to net income:
Investment securities gains, net		(25,731)		10,164		(15,567)
Net change in unrealized gains on investment securities		76,784		(30,329)		46,455
Cash flow derivative hedges:
Unrealized net losses on cash flow derivative hedges arising during the period		(628)		251		(377)
Net change in unrealized losses on cash flow derivative hedges		(628)		251		(377)
Other comprehensive income		76,078		(30,046)		46,032
Accumulated other comprehensive loss at June 30, 2016	$	(8,644)	$	3,417	$	(5,227)

Summary of changes in accumulated other comprehensive loss, net of tax


					Unrealized		Total
	Pensions		Unrealized		Gains		Accumulated
	and		Gains (Losses)		(Losses) on		Other
	Other		on Investment		Cash Flow		Comprehensive
(dollars in thousands)	Benefits		Securities		Derivative Hedges		Loss
Three Months Ended June 30, 2017
Balance at beginning of period	$	(30,237)	$	(59,001)	$	2,546	$	(86,692)
Other comprehensive income		—		18,885		156		19,041
Balance at end of period	$	(30,237)	$	(40,116)	$	2,702	$	(67,651)

Six Months Ended June 30, 2017
Balance at beginning of period	$	(30,237)	$	(59,958)	$	2,184	$	(88,011)
Other comprehensive income		—		19,842		518		20,360
Balance at end of period	$	(30,237)	$	(40,116)	$	2,702	$	(67,651)

Three Months Ended June 30, 2016
Balance at beginning of period	$	(26,883)	$	8,282	$	228	$	(18,373)
Other comprehensive (loss) income		(46)		13,067		125		13,146
Balance at end of period	$	(26,929)	$	21,349	$	353	$	(5,227)

Six Months Ended June 30, 2016
Balance at beginning of period	$	(26,883)	$	(25,106)	$	730	$	(51,259)
Other comprehensive (loss) income		(46)		46,455		(377)		46,032
Balance at end of period	$	(26,929)	$	21,349	$	353	$	(5,227)

Regulatory Capital Requirements (Tables)

6 Months Ended

Jun. 30, 2017

Regulatory Capital Requirements

Schedule of regulatory capital ratios


	First Hawaiian, Inc.				First Hawaiian				Minimum		Well-
	and Subsidiary				Bank				Capital		Capitalized
(dollars in thousands)	Amount		Ratio		Amount		Ratio		Ratio(1)		Ratio(1)
June 30, 2017:
Common equity tier 1 capital to risk-weighted assets	$	1,624,761	12.73	%	$	1,615,232	12.67	%	4.50	%	6.50	%
Tier 1 capital to risk-weighted assets		1,624,761	12.73	%		1,615,232	12.67	%	6.00	%	8.00	%
Total capital to risk-weighted assets		1,762,244	13.81	%		1,752,715	13.75	%	8.00	%	10.00	%
Tier 1 capital to average assets (leverage ratio)		1,624,761	8.70	%		1,615,232	8.66	%	4.00	%	5.00	%

December 31, 2016:
Common equity tier 1 capital to risk-weighted assets	$	1,569,004	12.75	%	$	1,533,056	12.51	%	4.50	%	6.50	%
Tier 1 capital to risk-weighted assets		1,569,004	12.75	%		1,533,063	12.51	%	6.00	%	8.00	%
Total capital to risk-weighted assets		1,705,098	13.85	%		1,669,157	13.62	%	8.00	%	10.00	%
Tier 1 capital to average assets (leverage ratio)		1,569,004	8.36	%		1,533,063	8.19	%	4.00	%	5.00	%

⁽¹⁾

As defined by the regulations issued by the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation (“FDIC”).

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2017

Income Taxes

Schedule of reconciliation of unrecognized tax benefits


	Six Months Ended June 30,
	2017						2016
			Interest						Interest
			and						and
(dollars in thousands)	Tax		Penalties		Total		Tax		Penalties		Total
Balance at January 1,	$	127,085	$	9,965	$	137,050	$	5,903	$	2,935	$	8,838
Additions for current year tax positions		1,478		—		1,478		6,297		1,075		7,372
Additions for Reorganization Transactions		—		226		226		115,877		5,459		121,336
Additions for prior years' tax positions:
Accrual of interest and penalties		—		209		209		—		67		67
Reductions for prior years' tax positions:
Expiration of statute of limitations		(254)		(101)		(355)		(353)		(144)		(497)
Balance at June 30,	$	128,309	$	10,299	$	138,608	$	127,724	$	9,392	$	137,116

Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Derivative Financial Instruments

Summary of notional amounts and fair values of derivatives held


	June 30, 2017						December 31, 2016
			Fair Value						Fair Value
	Notional		Asset		Liability		Notional		Asset		Liability
(dollars in thousands)	Amount		Derivatives (1)		Derivatives (2)		Amount		Derivatives (1)		Derivatives (2)
Derivatives designated as hedging instruments:
Interest rate swaps	$	196,451	$	—	$	(4,149)	$	200,504	$	—	$	(5,296)
Derivatives not designated as hedging instruments:
Interest rate swaps		1,611,148		19,581		(14,935)		1,297,101		15,982		(18,299)
Funding swap		40,017		—		(6,493)		37,143		—		(7,460)
Foreign exchange contracts		3,376		79		—		3,664		—		(147)

⁽¹⁾

The positive fair value of derivative assets is included in other assets.

⁽²⁾

The negative fair value of derivative liabilities is included in other liabilities.

Schedule of gains and losses recognized in income related to derivatives in fair value hedging relationships


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in thousands)	2017		2016		2017		2016
Losses recorded in net interest income	$	(171)	$	(297)	$	(369)	$	(694)
Gains (losses) recorded in noninterest income:
Recognized on derivatives		(95)		(530)		124		(1,518)
Recognized on hedged item		199		467		2		1,546
Net gains (losses) recognized on fair value hedges (ineffective portion)		104		(63)		126		28
Net losses recognized on fair value hedges	$	(67)	$	(360)	$	(243)	$	(666)

Summary of effect of cash flow hedging relationships


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in thousands)	2017		2016		2017		2016
Pretax gains (losses) recognized in other comprehensive income on derivatives (effective portion)	$	258	$	201	$	856	$	(628)

Summary of impact on pretax earnings of derivatives not designated as hedges


	Net gains (losses) recognized	Three Months Ended				Six Months Ended
	in the consolidated statements	June 30,				June 30,
(dollars in thousands)	of income line item	2017		2016		2017		2016
Derivatives Not Designated As Hedging Instruments:
Interest rate swaps	Other noninterest income	$	100	$	(105)	$	353	$	(395)
Funding swap	Other noninterest income		(35)		19		(32)		19
Foreign exchange contracts	Other noninterest income		21		(162)		226		(122)

Commitments and Contingent Liabilities (Tables)

6 Months Ended

Jun. 30, 2017

Commitments and Contingent Liabilities

Schedule of financial instruments with off-balance sheet risk


	June 30,		December 31,
(dollars in thousands)	2017		2016
Financial instruments whose contract amounts represent credit risk:
Commitments to extend credit	$	5,154,215	$	5,121,811
Standby letters of credit		73,776		60,848
Commercial letters of credit		7,093		6,813

Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2017

Earnings per Share

Schedule of computation of basic and diluted earnings per share


	Three Months Ended				Six Months Ended
	June 30,				June 30,
(dollars in thousands, except shares and per share amounts)	2017		2016		2017		2016
Numerator:
Net income	$	56,895	$	54,860	$	113,635	$	120,391

Denominator:
Basic: weighted-average shares outstanding		139,546,615		139,459,620		139,546,174		139,459,620
Add: weighted-average equity-based awards		99,502		—		98,383		—
Diluted: weighted-average shares outstanding		139,646,117		139,459,620		139,644,557		139,459,620

Basic earnings per share	$	0.41	$	0.39	$	0.81	$	0.86
Diluted earnings per share	$	0.41	$	0.39	$	0.81	$	0.86

Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2017

Benefit Plans

Schedule of components of net periodic benefit cost


	Pension Benefits				Other Benefits
(dollars in thousands)	2017		2016		2017		2016
Three Months Ended June 30,
Service cost	$	157	$	214	$	179	$	192
Interest cost		2,042		2,157		201		211
Expected return on plan assets		(1,242)		(1,164)		—		—
Prior service credit		—		—		(108)		(107)
Recognized net actuarial loss		1,999		1,774		—		—
Total net periodic benefit cost	$	2,956	$	2,981	$	272	$	296

Six Months Ended June 30,
Service cost	$	315	$	429	$	358	$	384
Interest cost		4,083		4,314		402		421
Expected return on plan assets		(2,484)		(2,335)		—		—
Prior service credit		—		—		(215)		(214)
Recognized net actuarial loss		3,998		3,545		—		—
Total net periodic benefit cost	$	5,912	$	5,953	$	545	$	591

Fair Value (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value

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


	Fair Value Measurements as of June 30, 2017
	Quoted Prices in		Significant
	Active Markets for		Other		Significant
	Identical Assets		Observable		Unobservable
(dollars in thousands)	(Level 1)		Inputs (Level 2)		Inputs (Level 3)		Total
Assets
U.S. Treasury securities	$	—	$	396,842	$	—	$	396,842
Government-sponsored enterprises debt securities		—		245,318		—		245,318
Government agency mortgage-backed securities (1)		—		168,798		—		168,798
Government-sponsored enterprises mortgage-backed securities (1)		—		191,617		—		191,617
Non-government asset-backed securities		—		3,801		—		3,801
Collateralized mortgage obligations:
Government agency		—		3,309,319		—		3,309,319
Government-sponsored enterprises		—		811,174		—		811,174
Total available-for-sale securities		—		5,126,869		—		5,126,869
Other assets (2)		—		19,660		—		19,660
Liabilities
Other liabilities (3)		—		(19,084)		(6,493)		(25,577)
Total	$	—	$	5,127,445	$	(6,493)	$	5,120,952


	Fair Value Measurements as of December 31, 2016
	Quoted Prices in		Significant
	Active Markets for		Other		Significant
	Identical Assets		Observable		Unobservable
(dollars in thousands)	(Level 1)		Inputs (Level 2)		Inputs (Level 3)		Total
Assets
U.S. Treasury securities	$	—	$	392,473	$	—	$	392,473
Government-sponsored enterprises debt securities		—		242,667		—		242,667
Government agency mortgage-backed securities (1)		—		185,663		—		185,663
Government-sponsored enterprises mortgage-backed securities (1)		—		204,385		—		204,385
Non-government asset-backed securities		—		12,583		—		12,583
Collateralized mortgage obligations:
Government agency		—		3,351,822		—		3,351,822
Government-sponsored enterprises		—		687,921		—		687,921
Total available-for-sale securities		—		5,077,514		—		5,077,514
Other assets (2)		—		15,982		—		15,982
Liabilities
Other liabilities (3)		—		(23,742)		(7,460)		(31,202)
Total	$	—	$	5,069,754	$	(7,460)	$	5,062,294

⁽¹⁾

Backed by residential real estate.

⁽²⁾

Other assets include derivative assets.

⁽³⁾

Other liabilities include derivative liabilities.

Summary of changes in Level 3 liabilities measured at fair value on a recurring basis


	Visa Derivative
(dollars in thousands)	2017		2016
Three Months Ended June 30,
Balance as of April 1,	$	(6,987)	$	(8,828)
Total net (losses) gains included in other noninterest income		(35)		19
Settlements		529		433
Balance as of June 30,	$	(6,493)	$	(8,376)
Total net (losses) gains included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30,	$	(35)	$	19

Six Months Ended June 30,
Balance as of January 1,	$	(7,460)	$	—
Total net (losses) gains included in other noninterest income		(32)		19
Purchases		—		(8,875)
Settlements		999		480
Balance as of June 30,	$	(6,493)	$	(8,376)
Total net (losses) gains included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30,	$	(32)	$	19

Schedule of assets and liabilities carried at other than fair value and fair values of off-balance sheet commitments


	June 30, 2017
			Fair Value Measurements
			Quoted Prices in		Significant		Significant
			Active Markets		Other		Unobservable
			for Identical		Observable		Inputs
(dollars in thousands)	Book Value		Assets (Level 1)		Inputs (Level 2)		(Level 3)		Total
Financial assets:
Short-term financial assets	$	1,227,765	$	355,752	$	872,012	$	—	$	1,227,764
Loans (1)		11,881,716		—		—		11,860,477		11,860,477

Financial liabilities:
Deposits	$	17,452,262	$	13,384,203	$	4,064,576	$	—	$	17,448,779

Off-balance sheet financial instruments:
Commitments to extend credit (2)	$	18,578	$	—	$	—	$	18,578	$	18,578
Standby letters of credit		1,077		—		—		1,077		1,077
Commercial letters of credit		18		—		—		18		18

⁽¹⁾

Excludes financing leases of $180.7 million at June 30, 2017.

⁽²⁾

There were no lease commitments at June 30, 2017.


	December 31, 2016
			Fair Value Measurements
			Quoted Prices in		Significant		Significant
			Active Markets		Other		Unobservable
			for Identical		Observable		Inputs
(dollars in thousands)	Book Value		Assets (Level 1)		Inputs (Level 2)		(Level 3)		Total
Financial assets:
Short-term financial assets	$	1,052,058	$	253,827	$	798,226	$	—	$	1,052,053
Loans (1)		11,340,338		—		—		11,306,675		11,306,675

Financial liabilities:
Deposits	$	16,794,532	$	13,055,935	$	3,730,945	$	—	$	16,786,880
Short-term borrowings		9,151		—		9,109		—		9,109

Off-balance sheet financial instruments:
Commitments to extend credit (2)	$	20,677	$	—	$	—	$	20,677	$	20,677
Standby letters of credit		876		—		—		876		876
Commercial letters of credit		17		—		—		17		17

⁽¹⁾

Excludes financing leases of $180.0 million at December 31, 2016.

⁽²⁾

There were no lease commitments at December 31, 2016.

Schedule of assets with fair value adjustments on a nonrecurring basis



(dollars in thousands)	Level 1		Level 2		Level 3
June 30, 2017
Impaired loans	$	—	$	—	$	—
December 31, 2016
Impaired loans	$	—	$	—	$	1,567

Schedule of significant unobservable inputs used in fair value measurements for Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis

	Quantitative Information about Level 3 Fair Value Measurements at June 30, 2017
				Significant	Range
(dollars in thousands)	Fair value		Valuation Technique	Unobservable Input	(Weighted Average)
Other liabilities	$	(6,493)	Discounted Cash Flow	Expected Conversion Factor	1.6483
				Expected Term	4 years
				Growth Rate	15%


	Quantitative Information about Level 3 Fair Value Measurements at December 31, 2016
					Range
(dollars in thousands)	Fair value		Valuation Technique	Unobservable Input	(Weighted Average)
Impaired loans	$	1,567	Appraisal Value	Appraisal Value	n/m (1)
Other liabilities	$	(7,460)	Discounted Cash Flow	Expected Conversion Factor	1.6483
				Expected Term	4 years
				Growth Rate	15%

⁽¹⁾

The fair value of these assets is determined based on appraised values of collateral or broker price opinions, the range of which is not meaningful to disclose.

Reportable Operating Segments (Tables)

6 Months Ended

Jun. 30, 2017

Reportable Operating Segments

Schedule of selected business segment financial information


					Treasury
	Retail		Commercial		and
(dollars in thousands)	Banking		Banking		Other		Total
Three Months Ended June 30, 2017
Net interest income (expense)	$	106,912	$	27,726	$	(3,384)	$	131,254
Provision for loan and lease losses		(1,626)		(2,774)		—		(4,400)
Net interest income (expense) after provision for loan and lease losses		105,286		24,952		(3,384)		126,854

Noninterest income		22,381		18,921		7,568		48,870
Noninterest expense		(56,168)		(15,758)		(13,315)		(85,241)
Income (loss) before (provision) benefit for income taxes		71,499		28,115		(9,131)		90,483

(Provision) benefit for income taxes		(26,485)		(10,409)		3,306		(33,588)
Net income (loss)	$	45,014	$	17,706	$	(5,825)	$	56,895
Total assets as of June 30, 2017	$	6,779,914	$	5,408,202	$	8,185,858	$	20,373,974


					Treasury
	Retail		Commercial		and
(dollars in thousands)	Banking		Banking		Other		Total
Six Months Ended June 30, 2017
Net interest income (expense)	$	212,613	$	55,259	$	(7,273)	$	260,599
Provision for loan and lease losses		(3,289)		(5,611)		—		(8,900)
Net interest income (expense) after provision for loan and lease losses		209,324		49,648		(7,273)		251,699

Noninterest income		46,000		36,491		15,786		98,277
Noninterest expense		(111,408)		(30,807)		(27,365)		(169,580)
Income (loss) before (provision) benefit for income taxes		143,916		55,332		(18,852)		180,396

(Provision) benefit for income taxes		(53,218)		(20,443)		6,900		(66,761)
Net income (loss)	$	90,698	$	34,889	$	(11,952)	$	113,635
Total assets as of June 30, 2017	$	6,779,914	$	5,408,202	$	8,185,858	$	20,373,974


					Treasury
	Retail		Commercial		and
(dollars in thousands)	Banking		Banking		Other		Total
Three Months Ended June 30, 2016
Net interest income (expense)	$	103,771	$	28,212	$	(11,556)	$	120,427
Provision for loan and lease losses		(696)		(1,204)		—		(1,900)
Net interest income (expense) after provision for loan and lease losses		103,075		27,008		(11,556)		118,527

Noninterest income		22,525		16,671		7,175		46,371
Noninterest expense		(54,266)		(13,106)		(11,101)		(78,473)
Income (loss) before (provision) benefit for income taxes		71,334		30,573		(15,482)		86,425

(Provision) benefit for income taxes		(26,067)		(11,145)		5,647		(31,565)
Net income (loss)	$	45,267	$	19,428	$	(9,835)	$	54,860
Total assets as of June 30, 2016	$	6,841,661	$	4,460,197	$	7,750,735	$	19,052,593


					Treasury
	Retail		Commercial		and
(dollars in thousands)	Banking		Banking		Other		Total
Six Months Ended June 30, 2016
Net interest income (expense)	$	206,196	$	55,805	$	(24,262)	$	237,739
Provision for loan and lease losses		(952)		(1,648)		—		(2,600)
Net interest income (expense) after provision for loan and lease losses		205,244		54,157		(24,262)		235,139

Noninterest income		46,155		33,019		40,716		119,890
Noninterest expense		(109,402)		(24,884)		(29,251)		(163,537)
Income (loss) before (provision) benefit for income taxes		141,997		62,292		(12,797)		191,492

(Provision) benefit for income taxes		(53,055)		(23,241)		5,195		(71,101)
Net income (loss)	$	88,942	$	39,051	$	(7,602)	$	120,391
Total assets as of June 30, 2016	$	6,841,661	$	4,460,197	$	7,750,735	$	19,052,593

Organization and Basis of Presentation - Subsidiary Ownership (Details)	Jun. 30, 2017
First Hawaiian, Inc. \| First Hawaiian Bank
Capitalization
Outstanding common stock owned (as a percent)	100.00%

Organization and Basis of Presentation - Reorganization and Stock Offerings (Details) - USD ($) $ / shares in Units, $ in Billions	Feb. 17, 2017	Aug. 09, 2016	Apr. 01, 2016	Jun. 30, 2017	Jun. 30, 2015
Reorganization Transactions
Threshold of U.S. non-branch assets of foreign banking organization which will require a U.S. intermediate holding company					$ 50
BNP Paribas \| First Hawaiian, Inc.
Reorganization Transactions
Outstanding common stock owned after sales of shares (as a percent)	62.00%
Outstanding common stock owned (as a percent)				62.00%
Initial public offering \| BNP Paribas \| First Hawaiian, Inc.
Reorganization Transactions
Ownership interest sold (as a percent)		17.00%
Number of shares sold		24,250,000
Offering price (in dollars per share)		$ 23.00
Reorganization Transactions on April 1, 2016 \| BancWest Corporation (BancWest) \| Bank of the West (BOW) \| BancWest Holding Inc. (BWHI)
Reorganization Transactions
Ownership prior to transactions (as a percent)			100.00%
Secondary offering \| BNP Paribas \| First Hawaiian, Inc.
Reorganization Transactions
Number of shares sold	28,750,000
Offering price (in dollars per share)	$ 32.00
Underwriters’ option \| BNP Paribas \| First Hawaiian, Inc.
Reorganization Transactions
Number of shares sold	3,750,000	3,163,043

Investment Securities - Amortized Cost and Fair Value of Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Available for sale debt securities
Amortized Cost	$ 5,193,177	$ 5,176,615
Unrealized Gains	3,317	1,984
Unrealized Losses	(69,625)	(101,085)
Fair value	5,126,869	5,077,514
U.S. Treasury securities
Available for sale debt securities
Amortized Cost	405,011	405,637
Unrealized Losses	(8,169)	(13,164)
Fair value	396,842	392,473
Government-sponsored enterprises debt securities
Available for sale debt securities
Amortized Cost	249,709	249,707
Unrealized Gains	54	16
Unrealized Losses	(4,445)	(7,056)
Fair value	245,318	242,667
Government agency mortgage-backed securities
Available for sale debt securities
Amortized Cost	173,078	190,485
Unrealized Losses	(4,280)	(4,822)
Fair value	168,798	185,663
Government-sponsored enterprises mortgage-backed securities
Available for sale debt securities
Amortized Cost	194,340	208,034
Unrealized Gains	267	385
Unrealized Losses	(2,990)	(4,034)
Fair value	191,617	204,385
Non-government asset-backed securities
Available for sale debt securities
Amortized Cost	3,802	12,592
Unrealized Losses	(1)	(9)
Fair value	3,801	12,583
Collateralized mortgage obligations: Government agency
Available for sale debt securities
Amortized Cost	3,345,644	3,409,822
Unrealized Gains	1,760	794
Unrealized Losses	(38,085)	(58,794)
Fair value	3,309,319	3,351,822
Collateralized mortgage obligations: Government-sponsored enterprises
Available for sale debt securities
Amortized Cost	821,593	700,338
Unrealized Gains	1,236	789
Unrealized Losses	(11,655)	(13,206)
Fair value	$ 811,174	$ 687,921

Investment Securities - Proceeds from Calls and Sales, Realized Gains and Losses and Interest Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Proceeds from calls and sales of investment securities
Proceeds from calls of investment securities	$ 0.0	$ 50.0	$ 0.0	$ 75.0
Proceeds from sales of investment securities	0.0	0.0	0.0	505.0
Realized investment gains and losses
Gross realized gains on sales of investments	0.0	0.0	0.0	25.8
Gross realized losses on sales of investments	0.0	0.0	0.0	0.1
Provision for income taxes related to net realized gains on sale of investment securities	0.0	0.0	0.0	10.2
Interest income from taxable and nontaxable investment securities
Taxable interest income	25.1	19.5	51.5	36.0
Nontaxable interest income	$ 0.0	$ 0.0	$ 0.0	$ 0.0

Investment Securities - Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Amortized Cost
Due after one year through five years	$ 305,580
Due after five years through ten years	349,140
Total contractual maturities	654,720
Mortgage- and asset-backed securities	4,538,457
Amortized Cost	5,193,177	$ 5,176,615
Fair Value
Due after one year through five years	299,129
Due after five years through ten years	343,031
Total contractual maturities	642,160
Mortgage- and asset-backed securities	4,484,709
Total available for sale securities	5,126,869	5,077,514
Government agency mortgage-backed securities
Amortized Cost
Mortgage- and asset-backed securities	173,078
Amortized Cost	173,078	190,485
Fair Value
Mortgage- and asset-backed securities	168,798
Total available for sale securities	168,798	185,663
Government-sponsored enterprises mortgage-backed securities
Amortized Cost
Mortgage- and asset-backed securities	194,340
Amortized Cost	194,340	208,034
Fair Value
Mortgage- and asset-backed securities	191,617
Total available for sale securities	191,617	204,385
Non-government asset-backed securities
Amortized Cost
Mortgage- and asset-backed securities	3,802
Amortized Cost	3,802	12,592
Fair Value
Mortgage- and asset-backed securities	3,801
Total available for sale securities	3,801	12,583
Collateralized mortgage obligations: Government agency
Amortized Cost
Mortgage- and asset-backed securities	3,345,644
Amortized Cost	3,345,644	3,409,822
Fair Value
Mortgage- and asset-backed securities	3,309,319
Total available for sale securities	3,309,319	3,351,822
Collateralized mortgage obligations: Government-sponsored enterprises
Amortized Cost
Mortgage- and asset-backed securities	821,593
Amortized Cost	821,593	700,338
Fair Value
Mortgage- and asset-backed securities	811,174
Total available for sale securities	$ 811,174	$ 687,921

Investment Securities - Pledged Securities and Concentration (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Pledged securities
Total pledged securities	$ 2,900,000	$ 2,700,000
Securities pledged to secure public deposits	2,728,505	2,521,761
Securities pledged to secure public deposits and repurchase transactions		2,500,000
Securities pledged to secure other financial transactions	230,000	209,100
Non-government issuer
Concentration of risk
Securities of issuers in excess of 10% of stockholders' equity	$ 0	$ 0

- Definition

This item represents disclosure of all significant concentrations of credit risk or market risk arising from the subject financial instrument (as defined), whether from an individual counterparty or groups of counterparties.

+ References + Details

Investment Securities - Unrealized Gross Losses and Fair Values of Securities in a Continuous Loss Position (Details) $ in Thousands	Jun. 30, 2017 USD ($) security	Dec. 31, 2016 USD ($) security
Securities in the available-for-sale portfolio in a continuous loss position
Number of individual securities in a continuous loss position \| security	165	158
Time in Continuous Loss
Less Than 12 Months Unrealized Losses	$ (51,790)	$ (82,370)
Less Than 12 Months Fair Value	3,823,547	4,086,005
12 Months or Longer Unrealized Losses	(17,835)	(18,715)
12 Months or Longer Fair Value	586,030	520,369
Total Unrealized Losses	(69,625)	(101,085)
Total Fair Value	4,409,577	4,606,374
U.S. Treasury securities
Time in Continuous Loss
Less Than 12 Months Unrealized Losses	(8,169)	(13,164)
Less Than 12 Months Fair Value	396,842	392,473
Total Unrealized Losses	(8,169)	(13,164)
Total Fair Value	396,842	392,473
Government-sponsored enterprises debt securities
Time in Continuous Loss
Less Than 12 Months Unrealized Losses	(4,445)	(7,056)
Less Than 12 Months Fair Value	210,264	207,651
Total Unrealized Losses	(4,445)	(7,056)
Total Fair Value	210,264	207,651
Government agency mortgage-backed securities
Time in Continuous Loss
Less Than 12 Months Unrealized Losses	(4,280)	(4,822)
Less Than 12 Months Fair Value	168,798	185,663
Total Unrealized Losses	(4,280)	(4,822)
Total Fair Value	168,798	185,663
Government-sponsored enterprises mortgage-backed securities
Time in Continuous Loss
Less Than 12 Months Unrealized Losses	(2,990)	(4,034)
Less Than 12 Months Fair Value	184,143	195,848
Total Unrealized Losses	(2,990)	(4,034)
Total Fair Value	184,143	195,848
Non-government asset-backed securities
Time in Continuous Loss
Less Than 12 Months Unrealized Losses	(1)	(3)
Less Than 12 Months Fair Value	1,640	5,202
12 Months or Longer Unrealized Losses		(6)
12 Months or Longer Fair Value	2,161	7,381
Total Unrealized Losses	(1)	(9)
Total Fair Value	3,801	12,583
Collateralized mortgage obligations: Government agency
Time in Continuous Loss
Less Than 12 Months Unrealized Losses	(29,692)	(51,484)
Less Than 12 Months Fair Value	2,488,757	2,847,103
12 Months or Longer Unrealized Losses	(8,393)	(7,310)
12 Months or Longer Fair Value	329,429	233,706
Total Unrealized Losses	(38,085)	(58,794)
Total Fair Value	2,818,186	3,080,809
Collateralized mortgage obligations: Government-sponsored enterprises
Time in Continuous Loss
Less Than 12 Months Unrealized Losses	(2,213)	(1,807)
Less Than 12 Months Fair Value	373,103	252,065
12 Months or Longer Unrealized Losses	(9,442)	(11,399)
12 Months or Longer Fair Value	254,440	279,282
Total Unrealized Losses	(11,655)	(13,206)
Total Fair Value	$ 627,543	$ 531,347

Investment Securities - Other-Than-Temporary Impairment (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Investment Securities
Other than temporary impairment recognized	$ 0	$ 0

Investment Securities - Visa Class B Restricted Shares (Details) - Class B shares - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended	96 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2008	Dec. 31, 2015	Dec. 31, 2016
Visa
Visa Class B Restricted Shares
Cost of shares owned			$ 0		$ 0		$ 0
Net gain related to the sale of stock		$ 22,700		$ 22,700
Number of shares sold	0	274,000	0	274,000		0
Shares held			120,000				120,000
Visa
Visa Class B Restricted Shares
Stock received in initial public offering (in shares)					394,000

Loans and Leases - Components (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Loans and leases
Loans and leases	$ 12,062,392	$ 11,520,378
Unearned income, including net deferred loan costs	27,400	23,800
Residential real estate loans pledged to collateralize the borrowing capacity at the FHLB	2,300,000	2,100,000
Consumer and commercial and industrial loans pledged to collateralize the borrowing capacity at the FRB	903,300	935,700
Real estate
Loans and leases
Loans and leases	7,023,154	6,589,966
Commercial and Industrial
Loans and leases
Loans and leases	3,331,092	3,239,600
Commercial Real Estate
Loans and leases
Loans and leases	2,545,479	2,343,495
Commercial Real Estate \| Real estate
Loans and leases
Loans and leases	2,545,479	2,343,495
Construction
Loans and leases
Loans and leases	555,794	450,012
Construction \| Real estate
Loans and leases
Loans and leases	555,794	450,012
Residential
Loans and leases
Loans and leases	3,921,881	3,796,459
Real estate loans in the process of foreclosure	2,400	4,100
Residential \| Real estate
Loans and leases
Loans and leases	3,921,881	3,796,459
Consumer
Loans and leases
Loans and leases	1,527,470	1,510,772
Lease Financing
Loans and leases
Loans and leases	$ 180,676	$ 180,040

Loans and Leases - Commitments (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Loans and leases
Loan and lease commitments	$ 5,154,215	$ 5,121,811
Real estate
Loans and leases
Loan and lease commitments	1,492,331	1,476,518
Commercial and Industrial
Loans and leases
Loan and lease commitments	2,180,122	2,185,810
Commercial Real Estate \| Real estate
Loans and leases
Loan and lease commitments	83,774	88,331
Construction \| Real estate
Loans and leases
Loan and lease commitments	417,633	434,406
Residential \| Real estate
Loans and leases
Loan and lease commitments	990,924	953,781
Consumer
Loans and leases
Loan and lease commitments	1,481,746	1,459,467
Lease Financing
Loans and leases
Loan and lease commitments	$ 16	$ 16

Allowance for Loan and Lease Losses - Activity (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017 USD ($)	Jun. 30, 2016 USD ($)	Jun. 30, 2017 USD ($) segment class	Jun. 30, 2016 USD ($)
Allowance for loan and lease losses
Number of primary portfolio segments \| segment			3
Activity in allowance for loan losses
Balance at beginning of period	$ 135,847	$ 137,154	$ 135,494	$ 135,484
Charge-offs	(5,472)	(4,803)	(11,921)	(9,167)
Recoveries	2,108	2,109	4,410	7,443
Increase (decrease) in Provision	4,400	1,900	8,900	2,600
Balance at end of period	136,883	136,360	$ 136,883	136,360
Commercial Lending
Allowance for loan and lease losses
Number of distinct portfolios \| class			4
Commercial and Industrial
Activity in allowance for loan losses
Balance at beginning of period	31,557	35,027	$ 33,129	34,025
Charge-offs	(75)	(52)	(930)	(138)
Recoveries	129	19	243	222
Increase (decrease) in Provision	1,730	798	899	1,683
Balance at end of period	33,341	35,792	33,341	35,792
Commercial Real Estate
Activity in allowance for loan losses
Balance at beginning of period	19,932	18,504	18,448	18,489
Recoveries	55	47	132	3,246
Increase (decrease) in Provision	24	(291)	1,431	(3,475)
Balance at end of period	20,011	18,260	20,011	18,260
Construction
Activity in allowance for loan losses
Balance at beginning of period	4,532	4,514	4,513	3,793
Increase (decrease) in Provision	939	122	958	843
Balance at end of period	5,471	4,636	5,471	4,636
Lease Financing
Activity in allowance for loan losses
Balance at beginning of period	813	807	847	888
Charge-offs	(146)		(146)
Recoveries		1		1
Increase (decrease) in Provision	190	(28)	156	(109)
Balance at end of period	857	780	857	780
Residential
Allowance for loan and lease losses
Specific allocation for impaired loans in which the net collateral value exceeds the unpaid principal balance of the loan	0		0
Activity in allowance for loan losses
Balance at beginning of period	43,541	45,638	43,436	46,099
Charge-offs		(456)	(22)	(528)
Recoveries	150	460	471	766
Increase (decrease) in Provision	683	810	489	115
Balance at end of period	44,374	46,452	44,374	46,452
Consumer
Activity in allowance for loan losses
Balance at beginning of period	27,456	27,923	28,388	28,385
Charge-offs	(5,251)	(4,295)	(10,823)	(8,501)
Recoveries	1,774	1,582	3,564	3,208
Increase (decrease) in Provision	3,924	3,176	6,774	5,294
Balance at end of period	27,903	28,386	27,903	28,386
Unallocated
Activity in allowance for loan losses
Balance at beginning of period	8,016	4,741	6,733	3,805
Increase (decrease) in Provision	(3,090)	(2,687)	(1,807)	(1,751)
Balance at end of period	$ 4,926	$ 2,054	$ 4,926	$ 2,054

Allowance for Loan and Lease Losses - Disaggregation by Impairment Methodology (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015
Allowance for loan and lease losses:
Individually evaluated for impairment	$ 665		$ 1,092
Collectively evaluated for impairment	136,218		134,402
Total allowance for loan and lease losses	136,883	$ 135,847	135,494	$ 136,360	$ 137,154	$ 135,484
Loans and leases:
Individually evaluated for impairment	45,826		59,428
Collectively evaluated for impairment	12,016,566		11,460,950
Total loans and leases	12,062,392		11,520,378
Commercial Lending
Loans and leases:
Total loans and leases	6,613,041		6,213,147
Commercial and Industrial
Allowance for loan and lease losses:
Individually evaluated for impairment	5		380
Collectively evaluated for impairment	33,336		32,749
Total allowance for loan and lease losses	33,341	31,557	33,129	35,792	35,027	34,025
Loans and leases:
Individually evaluated for impairment	19,285		27,572
Collectively evaluated for impairment	3,311,807		3,212,028
Total loans and leases	3,331,092		3,239,600
Commercial Real Estate
Allowance for loan and lease losses:
Individually evaluated for impairment	7		7
Collectively evaluated for impairment	20,004		18,441
Total allowance for loan and lease losses	20,011	19,932	18,448	18,260	18,504	18,489
Loans and leases:
Individually evaluated for impairment	9,263		12,545
Collectively evaluated for impairment	2,536,216		2,330,950
Total loans and leases	2,545,479		2,343,495
Construction
Allowance for loan and lease losses:
Collectively evaluated for impairment	5,471		4,513
Total allowance for loan and lease losses	5,471	4,532	4,513	4,636	4,514	3,793
Loans and leases:
Collectively evaluated for impairment	555,794		450,012
Total loans and leases	555,794		450,012
Lease Financing
Allowance for loan and lease losses:
Collectively evaluated for impairment	857		847
Total allowance for loan and lease losses	857	813	847	780	807	888
Loans and leases:
Individually evaluated for impairment			153
Collectively evaluated for impairment	180,676		179,887
Total loans and leases	180,676		180,040
Residential
Allowance for loan and lease losses:
Individually evaluated for impairment	653		705
Collectively evaluated for impairment	43,721		42,731
Total allowance for loan and lease losses	44,374	43,541	43,436	46,452	45,638	46,099
Loans and leases:
Individually evaluated for impairment	17,278		19,158
Collectively evaluated for impairment	3,904,603		3,777,301
Total loans and leases	3,921,881		3,796,459
Consumer
Allowance for loan and lease losses:
Collectively evaluated for impairment	27,903		28,388
Total allowance for loan and lease losses	27,903	27,456	28,388	28,386	27,923	28,385
Loans and leases:
Collectively evaluated for impairment	1,527,470		1,510,772
Total loans and leases	1,527,470		1,510,772
Unallocated
Allowance for loan and lease losses:
Collectively evaluated for impairment	4,926		6,733
Total allowance for loan and lease losses	$ 4,926	$ 8,016	$ 6,733	$ 2,054	$ 4,741	$ 3,805

Allowance for Loan and Lease Losses - Credit Risk Profiles (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2017 USD ($) factor	Dec. 31, 2016 USD ($)
Credit quality
Percentage of loans sold with no recourse not subject to grading	100.00%
Number of risk factors in internal loan rating system \| factor	8
Loans and leases	$ 12,062,392	$ 11,520,378
Loss
Credit quality
Loans and leases	0	0
Commercial Lending
Credit quality
Loans and leases	6,613,041	6,213,147
Commercial Lending \| Pass
Credit quality
Loans and leases	6,457,899	6,089,637
Commercial Lending \| Special mention
Credit quality
Loans and leases	70,939	69,735
Commercial Lending \| Substandard
Credit quality
Loans and leases	82,836	51,856
Commercial Lending \| Doubtful
Credit quality
Loans and leases	1,367	1,919
Commercial and Industrial
Credit quality
Loans and leases	3,331,092	3,239,600
Commercial and Industrial \| Pass
Credit quality
Loans and leases	3,227,317	3,166,304
Commercial and Industrial \| Special mention
Credit quality
Loans and leases	42,178	41,719
Commercial and Industrial \| Substandard
Credit quality
Loans and leases	60,230	29,811
Commercial and Industrial \| Doubtful
Credit quality
Loans and leases	1,367	1,766
Commercial Real Estate
Credit quality
Loans and leases	2,545,479	2,343,495
Commercial Real Estate \| Pass
Credit quality
Loans and leases	2,501,783	2,298,839
Commercial Real Estate \| Special mention
Credit quality
Loans and leases	22,351	23,859
Commercial Real Estate \| Substandard
Credit quality
Loans and leases	21,345	20,797
Construction
Credit quality
Loans and leases	555,794	450,012
Construction \| Pass
Credit quality
Loans and leases	548,893	445,149
Construction \| Special mention
Credit quality
Loans and leases	5,821	3,789
Construction \| Substandard
Credit quality
Loans and leases	1,080	1,074
Lease Financing
Credit quality
Loans and leases	180,676	180,040
Lease Financing \| Pass
Credit quality
Loans and leases	179,906	179,345
Lease Financing \| Special mention
Credit quality
Loans and leases	589	368
Lease Financing \| Substandard
Credit quality
Loans and leases	181	174
Lease Financing \| Doubtful
Credit quality
Loans and leases		153
Residential and consumer
Credit quality
Loans and leases	5,449,351	5,307,231
Residential and consumer \| Performing
Credit quality
Loans and leases	5,415,305	5,265,885
Residential and consumer \| Non-performing and delinquent
Credit quality
Loans and leases	34,046	41,346
Residential
Credit quality
Loans and leases	3,921,881	3,796,459
Residential \| Performing
Credit quality
Loans and leases	3,907,274	3,778,070
Residential \| Non-performing and delinquent
Credit quality
Loans and leases	14,607	18,389
Consumer
Credit quality
Loans and leases	1,527,470	1,510,772
Consumer loans \| Consumer
Credit quality
Loans and leases	233,318	243,512
Consumer loans \| Consumer \| Performing
Credit quality
Loans and leases	230,121	240,185
Consumer loans \| Consumer \| Non-performing and delinquent
Credit quality
Loans and leases	3,197	3,327
Consumer - Auto \| Consumer
Credit quality
Loans and leases	964,177	922,756
Consumer - Auto \| Consumer \| Performing
Credit quality
Loans and leases	951,329	906,829
Consumer - Auto \| Consumer \| Non-performing and delinquent
Credit quality
Loans and leases	12,848	15,927
Credit Cards \| Consumer
Credit quality
Loans and leases	329,975	344,504
Credit Cards \| Consumer \| Performing
Credit quality
Loans and leases	326,581	340,801
Credit Cards \| Consumer \| Non-performing and delinquent
Credit quality
Loans and leases	$ 3,394	$ 3,703

Allowance for Loan and Lease Losses - Aging of Analysis of Past Due Loans and Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due
Total Past Due	$ 34,438	$ 36,688
Current	12,020,230	11,474,260
Total Accruing Loans and Leases	12,054,668	11,510,948
Total NonAccruing Loans and Leases	7,724	9,430
Total loans and leases	12,062,392	11,520,378
30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	24,798	28,728
60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	4,599	4,692
Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	5,041	3,268
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Total Past Due	2,251	1,332
Current	3,326,686	3,235,538
Total Accruing Loans and Leases	3,328,937	3,236,870
Total NonAccruing Loans and Leases	2,155	2,730
Total loans and leases	3,331,092	3,239,600
Commercial and Industrial \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	791	720
Commercial and Industrial \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	185	163
Commercial and Industrial \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	1,275	449
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due
Total Past Due	3,190	475
Current	2,542,289	2,343,020
Total Accruing Loans and Leases	2,545,479	2,343,495
Total loans and leases	2,545,479	2,343,495
Commercial Real Estate \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	3,190	475
Construction
Financing Receivable, Recorded Investment, Past Due
Total Past Due	520
Current	555,274	450,012
Total Accruing Loans and Leases	555,794	450,012
Total loans and leases	555,794	450,012
Construction \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	86
Construction \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	84
Construction \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	350
Lease Financing
Financing Receivable, Recorded Investment, Past Due
Total Past Due		83
Current	180,676	179,804
Total Accruing Loans and Leases	180,676	179,887
Total NonAccruing Loans and Leases		153
Total loans and leases	180,676	180,040
Lease Financing \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due		83
Residential
Financing Receivable, Recorded Investment, Past Due
Total Past Due	9,038	11,842
Current	3,907,274	3,778,070
Total Accruing Loans and Leases	3,916,312	3,789,912
Total NonAccruing Loans and Leases	5,569	6,547
Total loans and leases	3,921,881	3,796,459
Residential \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	6,334	9,907
Residential \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	1,161	1,069
Residential \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	1,543	866
Consumer
Financing Receivable, Recorded Investment, Past Due
Total Past Due	19,439	22,956
Current	1,508,031	1,487,816
Total Accruing Loans and Leases	1,527,470	1,510,772
Total loans and leases	1,527,470	1,510,772
Consumer \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	14,397	17,626
Consumer \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	3,169	3,460
Consumer \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	$ 1,873	$ 1,870

Allowance for Loan and Lease Losses - Impaired Loans and Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Recorded Investment
Impaired loans with no related allowance recorded	$ 35,777		$ 35,777		$ 43,763
Impaired loans with a related allowance recorded	10,049		10,049		15,665
Total impaired loans	45,826		45,826		59,428
Unpaid Principal Balance
Impaired loans with no related allowance recorded	37,117		37,117		44,987
Impaired loans with a related allowance recorded	10,330		10,330		16,402
Total impaired loans	47,447		47,447		61,389
Related Allowance, Impaired loans	665		665		1,092
Average Recorded Investment
Impaired loans with no related allowance recorded	38,198	$ 52,925	40,053	$ 47,635
Impaired loans with a related allowance recorded	13,761	9,749	14,395	8,862
Total impaired loans	51,959	62,674	54,448	56,497
Interest Income Recognized
Impaired loans with no related allowance recorded	470	582	964	1,178
Impaired loans with a related allowance recorded	109	85	261	176
Total impaired loans	579	667	1,225	1,354
Commercial and Industrial
Recorded Investment
Impaired loans with no related allowance recorded	19,129		19,129		22,404
Impaired loans with a related allowance recorded	156		156		5,168
Total impaired loans	19,285		19,285		27,572
Unpaid Principal Balance
Impaired loans with no related allowance recorded	19,861		19,861		22,608
Impaired loans with a related allowance recorded	156		156		5,624
Total impaired loans	20,017		20,017		28,232
Related Allowance, Impaired loans	5		5		380
Average Recorded Investment
Impaired loans with no related allowance recorded	20,068	30,443	20,847	25,577
Impaired loans with a related allowance recorded	3,697	892	4,187	595
Total impaired loans	23,765	31,335	25,034	26,172
Interest Income Recognized
Impaired loans with no related allowance recorded	209	338	438	651
Impaired loans with a related allowance recorded	3		50
Total impaired loans	212	338	488	651
Commercial Real Estate
Recorded Investment
Impaired loans with no related allowance recorded	8,348		8,348		11,598
Impaired loans with a related allowance recorded	915		915		947
Total impaired loans	9,263		9,263		12,545
Unpaid Principal Balance
Impaired loans with no related allowance recorded	8,348		8,348		11,598
Impaired loans with a related allowance recorded	915		915		947
Total impaired loans	9,263		9,263		12,545
Related Allowance, Impaired loans	7		7		7
Average Recorded Investment
Impaired loans with no related allowance recorded	9,866	8,397	10,443	7,527
Impaired loans with a related allowance recorded	924		932
Total impaired loans	10,790	8,397	11,375	7,527
Interest Income Recognized
Impaired loans with no related allowance recorded	117	140	246	284
Impaired loans with a related allowance recorded	11		22
Total impaired loans	128	140	268	284
Construction
Average Recorded Investment
Impaired loans with no related allowance recorded		283		188
Total impaired loans		283		188
Interest Income Recognized
Impaired loans with no related allowance recorded				8
Total impaired loans				8
Lease Financing
Recorded Investment
Impaired loans with no related allowance recorded					153
Total impaired loans					153
Unpaid Principal Balance
Impaired loans with no related allowance recorded					153
Total impaired loans					153
Average Recorded Investment
Impaired loans with no related allowance recorded	77	176	102	177
Total impaired loans	77	176	102	177
Residential
Recorded Investment
Impaired loans with no related allowance recorded	8,300		8,300		9,608
Impaired loans with a related allowance recorded	8,978		8,978		9,550
Total impaired loans	17,278		17,278		19,158
Unpaid Principal Balance
Impaired loans with no related allowance recorded	8,908		8,908		10,628
Impaired loans with a related allowance recorded	9,259		9,259		9,831
Total impaired loans	18,167		18,167		20,459
Related Allowance, Impaired loans	653		653		$ 705
Average Recorded Investment
Impaired loans with no related allowance recorded	8,187	13,626	8,661	14,166
Impaired loans with a related allowance recorded	9,140	8,857	9,276	8,267
Total impaired loans	17,327	22,483	17,937	22,433
Interest Income Recognized
Impaired loans with no related allowance recorded	144	104	280	235
Impaired loans with a related allowance recorded	95	85	189	176
Total impaired loans	$ 239	$ 189	$ 469	$ 411

Allowance for Loan and Lease Losses - Troubled Debt Restructuring Modifications (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017 USD ($) property contract	Jun. 30, 2016 USD ($) contract	Jun. 30, 2017 USD ($) property contract	Jun. 30, 2016 USD ($) contract	Dec. 31, 2016 USD ($) property contract
Troubled debt restructuring modifications
Number of Contracts \| contract	1	6	3	14
Recorded Investment	$ 310	$ 14,590	$ 1,813	$ 25,080
Related Allowance	10		21	$ 63
Total loan and lease commitments	5,154,215		5,154,215		$ 5,121,811
Commitments related to borrowers who had loan terms modified in a TDR	$ 1,500		$ 1,500		6,900
Loans modified in TDRs that experienced a payment default
Period past due for payment default			30 days
Number of contracts \| contract	2		3	1
Recorded Investment	$ 3,889		$ 4,399	$ 2,496
Commercial and Industrial
Troubled debt restructuring modifications
Number of Contracts \| contract		2	1	4
Recorded Investment		$ 7,857	$ 1,150	$ 15,953
Total loan and lease commitments	$ 2,180,122		$ 2,180,122		2,185,810
Loans modified in TDRs that experienced a payment default
Number of contracts \| contract	1		1	1
Recorded Investment	$ 2,496		$ 2,496	$ 2,496
Commercial Real Estate
Troubled debt restructuring modifications
Number of Contracts \| contract		2		2
Recorded Investment		$ 5,538		$ 5,538
Loans modified in TDRs that experienced a payment default
Number of contracts \| contract	1		1
Recorded Investment	$ 1,393		$ 1,393
Lease Financing
Troubled debt restructuring modifications
Total loan and lease commitments	$ 16		$ 16		$ 16
Residential
Troubled debt restructuring modifications
Period of time monthly payments are lowered to accommodate borrowers' financial needs			2 years
Number of Contracts \| contract	1	2	2	8
Recorded Investment	$ 310	$ 1,195	$ 663	$ 3,589
Related Allowance	$ 10		$ 21	$ 63
Loans modified in TDRs that experienced a payment default
Number of contracts \| contract			1
Recorded Investment			$ 510
Number of residential mortgage loans collateralized by real estate property and modified in a TDR in the process of foreclosure \| contract	0		0		1
Residential mortgage loans collateralized by real estate property and modified in a TDR in the process of foreclosure					$ 500
Residential \| Real estate property held from foreclosed TDR
Loans modified in TDRs that experienced a payment default
Number of real estate properties \| property	1		1		1
Real estate property held from a foreclosed TDR	$ 300		$ 300		$ 300
Consumer
Troubled debt restructuring modifications
Total loan and lease commitments	$ 1,481,746		$ 1,481,746		$ 1,459,467
Consumer \| Minimum
Troubled debt restructuring modifications
Threshold period past due for charge-off			120 days
Consumer \| Maximum
Troubled debt restructuring modifications
Threshold period past due for charge-off			180 days

Transfers of Financial Assets - Carrying Amounts of Assets Pledged as Collateral (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Carrying amounts of the assets pledged as collateral
Public deposits	$ 2,728,505	$ 2,521,761
Federal Home Loan Bank	2,260,995	2,097,233
Federal Reserve Bank	903,335	935,672
Repurchase agreements		10,066
ACH transactions	151,003	152,394
Interest rate swaps	35,153	30,399
Total	6,078,991	5,747,525
Securities for reverse repurchase agreements	0	0
Extinguishment of debt
In-substance debt defeasance	$ 0	$ 0

Transfers of Financial Assets - Short-Term Borrowings - Lines of Credit (Details) $ in Millions	Jun. 30, 2017 USD ($)
Federal Home Loan Bank line of credit
Lines of credit
Amount available	$ 1,800.0
Federal Reserve Bank line of credit
Lines of credit
Amount available	$ 685.9

Transfers of Financial Assets - Disaggregation of Gross Amount of Recognized Liabilities for Repurchase Agreements by Class of Collateral (Details) $ in Thousands	Dec. 31, 2016 USD ($)
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	$ 9,151
Collateralized mortgage obligations: Government agency
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	6,151
Government-sponsored enterprises mortgage-backed securities
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	3,000
Less than 30 days
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	1,200
Less than 30 days \| Collateralized mortgage obligations: Government agency
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	1,200
30 through 90 days
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	2,000
30 through 90 days \| Government-sponsored enterprises mortgage-backed securities
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	2,000
Maturing Over 90 days
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	5,951
Maturing Over 90 days \| Collateralized mortgage obligations: Government agency
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	4,951
Maturing Over 90 days \| Government-sponsored enterprises mortgage-backed securities
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	$ 1,000

Deposits - Categorized by Interest-bearing or Noninterest-bearing (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
U.S.:
Interest-bearing	$ 10,903,294	$ 10,129,958
Noninterest-bearing	5,227,404	5,399,212
Foreign:
Interest-bearing	677,370	671,957
Noninterest-bearing	644,194	593,405
Total deposits	$ 17,452,262	$ 16,794,532

Deposits - Maturity Distribution of Time Certificates of Deposits (Details) $ in Thousands	Jun. 30, 2017 USD ($)
Maturity distribution of time certificates of deposit
Three months or less	$ 1,950,694
Over three through six months	818,785
Over six through twelve months	662,445
One to two years	210,000
Two to three years	172,255
Three to four years	142,260
Four to five years	111,602
Thereafter	18
Total	4,068,059
Under $250,000
Maturity distribution of time certificates of deposit
Three months or less	236,404
Over three through six months	269,544
Over six through twelve months	267,980
One to two years	126,118
Two to three years	124,299
Three to four years	92,840
Four to five years	81,989
Thereafter	18
Total	1,199,192
$250,000 or More
Maturity distribution of time certificates of deposit
Three months or less	1,714,290
Over three through six months	549,241
Over six through twelve months	394,465
One to two years	83,882
Two to three years	47,956
Three to four years	49,420
Four to five years	29,613
Total	$ 2,868,867

Deposits - Time Certificate Denominations and Overdrawn Accounts (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Deposits
Time certificates of deposit in denominations of $250,000 or more, in the aggregate	$ 2,900.0	$ 2,500.0
Overdrawn deposit accounts classified as loans	$ 1.7	$ 1.5

Accumulated Other Comprehensive Loss - Changes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Pre-tax Amount
Balance	$ (143,296)	$ (30,369)	$ (145,472)	$ (84,722)
Other comprehensive income	31,473	21,725	33,649	76,078
Balance	(111,823)	(8,644)	(111,823)	(8,644)
Income Tax Benefit (Expense)
Balance	56,604	11,996	57,461	33,463
Other comprehensive income	(12,432)	(8,579)	(13,289)	(30,046)
Balance	44,172	3,417	44,172	3,417
Net of tax
Balance			2,476,485	2,736,941
Other comprehensive income	19,041	13,146	20,360	46,032
Balance	2,552,602	2,501,008	2,552,602	2,501,008
Accumulated Other Comprehensive Loss
Net of tax
Balance	(86,692)	(18,373)	(88,011)	(51,259)
Other comprehensive income	19,041	13,146	20,360	46,032
Balance	(67,651)	(5,227)	(67,651)	(5,227)
Pension and other benefits
Pre-tax Amount
Other comprehensive income		(78)		(78)
Income Tax Benefit (Expense)
Other comprehensive income		32		32
Net of tax
Balance	(30,237)	(26,883)	(30,237)	(26,883)
Other comprehensive income		(46)		(46)
Balance	(30,237)	(26,929)	(30,237)	(26,929)
Pension and other benefits, change due to the Reorganization Transactions
Pre-tax Amount
Unrealized net gains (losses) arising during the period		(78)		(78)
Income Tax Benefit (Expense)
Unrealized net gains (losses) arising during the period		32		32
Net of tax
Unrealized net gains (losses) arising during the period		(46)		(46)
Investment securities
Pre-tax Amount
Unrealized net gains (losses) arising during the period	31,215	21,605	32,793	102,515
Reclassification of net gains to net income		(3)		(25,731)
Other comprehensive income	31,215	21,602	32,793	76,784
Income Tax Benefit (Expense)
Unrealized net gains (losses) arising during the period	(12,330)	(8,535)	(12,951)	(40,493)
Reclassification of net gains to net income				10,164
Other comprehensive income	(12,330)	(8,535)	(12,951)	(30,329)
Net of tax
Balance	(59,001)	8,282	(59,958)	(25,106)
Unrealized net gains (losses) arising during the period	18,885	13,070	19,842	62,022
Reclassification of gains to net income		(3)		(15,567)
Other comprehensive income	18,885	13,067	19,842	46,455
Balance	(40,116)	21,349	(40,116)	21,349
Cash flow derivative hedges
Pre-tax Amount
Unrealized net gains (losses) arising during the period	258	201	856	(628)
Other comprehensive income	258	201	856	(628)
Income Tax Benefit (Expense)
Unrealized net gains (losses) arising during the period	(102)	(76)	(338)	251
Other comprehensive income	(102)	(76)	(338)	251
Net of tax
Balance	2,546	228	2,184	730
Unrealized net gains (losses) arising during the period	156	125	518	(377)
Other comprehensive income	156	125	518	(377)
Balance	$ 2,702	$ 353	$ 2,702	$ 353

Accumulated Other Comprehensive Loss - Changes, Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Changes in the components of accumulated other comprehensive loss, net of taxes
Balance			$ 2,476,485	$ 2,736,941
Other comprehensive income (loss)	$ 19,041	$ 13,146	20,360	46,032
Balance	2,552,602	2,501,008	2,552,602	2,501,008
Accumulated Other Comprehensive Loss
Changes in the components of accumulated other comprehensive loss, net of taxes
Balance	(86,692)	(18,373)	(88,011)	(51,259)
Other comprehensive income (loss)	19,041	13,146	20,360	46,032
Balance	(67,651)	(5,227)	(67,651)	(5,227)
Pension and other benefits
Changes in the components of accumulated other comprehensive loss, net of taxes
Balance	(30,237)	(26,883)	(30,237)	(26,883)
Other comprehensive income (loss)		(46)		(46)
Balance	(30,237)	(26,929)	(30,237)	(26,929)
Investment securities
Changes in the components of accumulated other comprehensive loss, net of taxes
Balance	(59,001)	8,282	(59,958)	(25,106)
Other comprehensive income (loss)	18,885	13,067	19,842	46,455
Balance	(40,116)	21,349	(40,116)	21,349
Cash flow derivative hedges
Changes in the components of accumulated other comprehensive loss, net of taxes
Balance	2,546	228	2,184	730
Other comprehensive income (loss)	156	125	518	(377)
Balance	$ 2,702	$ 353	$ 2,702	$ 353

Regulatory Capital Requirements (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Common equity tier 1 capital to risk-weighted assets
Actual Amount	$ 1,624,761	$ 1,569,004
Actual Ratio (as a percent)	12.73%	12.75%
Minimum Capital Ratio (as a percent)	4.50%	4.50%
Well-Capitalized Ratio (as a percent)	6.50%	6.50%
Tier 1 capital to risk-weighted assets
Actual Amount	$ 1,624,761	$ 1,569,004
Actual Ratio (as a percent)	12.73%	12.75%
Minimum Capital Ratio (as a percent)	6.00%	6.00%
Well-Capitalized Ratio (percent)	8.00%	8.00%
Total capital to risk-weighted assets
Actual Amount	$ 1,762,244	$ 1,705,098
Actual Ratio (as a percent)	13.81%	13.85%
Minimum Capital Ratio (as a percent)	8.00%	8.00%
Well-Capitalized Ratio (as a percent)	10.00%	10.00%
Tier 1 capital to average assets (leverage ratio)
Actual Amount	$ 1,624,761	$ 1,569,004
Actual Ratio	8.70%	8.36%
Minimum Capital Ratio (as a percent)	4.00%	4.00%
Well-Capitalized Ratio (percent)	5.00%	5.00%
First Hawaiian Bank
Common equity tier 1 capital to risk-weighted assets
Actual Amount	$ 1,615,232	$ 1,533,056
Actual Ratio (as a percent)	12.67%	12.51%
Tier 1 capital to risk-weighted assets
Actual Amount	$ 1,615,232	$ 1,533,063
Actual Ratio (as a percent)	12.67%	12.51%
Total capital to risk-weighted assets
Actual Amount	$ 1,752,715	$ 1,669,157
Actual Ratio (as a percent)	13.75%	13.62%
Tier 1 capital to average assets (leverage ratio)
Actual Amount	$ 1,615,232	$ 1,533,063
Actual Ratio	8.66%	8.19%

Regulatory Capital Requirements - Capital Conservation Buffer (Details)	Jun. 30, 2017	Jan. 01, 2016
Regulatory Capital Requirements
Initial capital conservation buffer (as a percent)		0.625%
Capital conservation buffer annual increase after initial year (as a percent)	0.625%
Capital conservation buffer final level (as a percent)	2.50%

Income Taxes - Effective Tax Rate (Details)	3 Months Ended		6 Months Ended
Income Taxes - Effective Tax Rate (Details)	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Taxes
Effective tax rate (as a percent)	37.12%	36.52%	37.01%	37.13%

Income Taxes - Examinations (Details)	6 Months Ended
Income Taxes - Examinations (Details)	Jun. 30, 2017 item
Income Taxes
Number of examinations under way	0

Income Taxes - Reconciliation of Unrecognized Tax Benefits - (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Tax
Balance	$ 127,085	$ 5,903
Additions for current year tax positions	1,478	6,297
Additions for Reorganization Transactions		115,877
Reductions for prior years' tax positions: Expiration of statute of limitations	(254)	(353)
Balance	128,309	127,724
Interest and Penalties
Balance	9,965	2,935
Additions for current year tax positions		1,075
Additions for Reorganization Transactions	226	5,459
Additions for prior years' tax positions: Accrual of interest and penalties	209	67
Reductions for prior years' tax positions: Expiration of statute of limitations	(101)	(144)
Balance	10,299	9,392
Total
Balance	137,050	8,838
Additions for current year tax positions	1,478	7,372
Additions for Reorganization Transactions	226	121,336
Additions for prior years' tax positions: Accrual of interest and penalties	209	67
Reductions for prior years' tax positions: Expiration of statute of limitations	(355)	(497)
Balance	138,608	137,116
Unrecognized tax benefits
Amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate	11,000	11,000
Unrecognized tax benefits attributable to tax refund claims in State of California	93,900
Unrecognized tax benefits, reasonably possible to decrease within the next 12 months	107,100
Unrecognized interest and penalties, reasonably possible to decrease within the next 12 months	5,200
Net expense attributable to interest and penalties recorded	400	$ 200
Accrued interest and penalties attributable to uncertain tax positions and undisputed tax adjustments	12,500		$ 12,100
Accrued interest and penalties attributable to unrecognized tax benefits	$ 10,300		$ 10,000

Income Taxes - Reorganization Transactions - (Details) - Reorganization Transactions on April 1, 2016 $ in Millions	Apr. 01, 2016 USD ($)
Income taxes
Current tax receivables recorded	$ 72.8
Unrecognized tax positions	116.6
Indemnification payable	28.6
Certain tax related liabilities incurred	95.4
Expected federal tax benefit on distribution taxes	$ 33.4

Derivative Financial Instruments - Notional Amounts and Fair Values (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Interest rate swaps
Notional amounts and fair values of derivatives
Financial instruments pledged as collateral	$ 23,900	$ 12,100
Cash pledged as collateral	11,300	18,300
Derivatives designated as hedging instruments \| Interest rate swaps
Notional amounts and fair values of derivatives
Notional Amount	196,451	200,504
Derivatives designated as hedging instruments \| Interest rate swaps \| Other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	(4,149)	(5,296)
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps
Notional amounts and fair values of derivatives
Notional Amount	1,611,148	1,297,101
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Other assets
Notional amounts and fair values of derivatives
Asset Derivatives	19,581	15,982
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	(14,935)	(18,299)
Derivatives Not Designated as Hedging Instruments \| Funding Swap (Visa Derivative)
Notional amounts and fair values of derivatives
Notional Amount	40,017	37,143
Derivatives Not Designated as Hedging Instruments \| Funding Swap (Visa Derivative) \| Other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	(6,493)	(7,460)
Derivatives Not Designated as Hedging Instruments \| Foreign exchange contracts
Notional amounts and fair values of derivatives
Notional Amount	3,376	3,664
Derivatives Not Designated as Hedging Instruments \| Foreign exchange contracts \| Other assets
Notional amounts and fair values of derivatives
Asset Derivatives	$ 79
Derivatives Not Designated as Hedging Instruments \| Foreign exchange contracts \| Other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives		$ (147)

Derivative Financial Instruments - Fair Value Hedges (Details) - Interest rate swaps - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Net gains and losses recognized in income related to derivatives in fair value hedging relationships
Net losses recognized on fair value hedges	$ (67)	$ (360)	$ (243)	$ (666)
Minimum \| Fair value hedges
Fair hedges carried
Fixed interest rate (as a percent)	2.59%		2.59%
Maximum \| Fair value hedges
Fair hedges carried
Fixed interest rate (as a percent)	5.38%		5.38%
Net interest income \| Fair value hedges
Net gains and losses recognized in income related to derivatives in fair value hedging relationships
Losses recorded	$ (171)	(297)	$ (369)	(694)
Noninterest income
Net gains and losses recognized in income related to derivatives in fair value hedging relationships
Recognized on derivatives	(95)	(530)	124	(1,518)
Recognized on hedged item	199	467	2	1,546
Net gains recognized on fair value hedges (ineffective portion)	104	$ (63)	126	$ 28
Derivatives designated as hedging instruments
Fair hedges carried
Notional amounts	196,451		196,451		$ 200,504
Derivatives designated as hedging instruments \| Fair value hedges
Fair hedges carried
Notional amounts	46,500		46,500		50,500
Positive fair value	0		0		0
Fair value losses	$ 1,200		$ 1,200		$ 1,500

Derivative Financial Instruments - Cash Flow Hedges (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017 USD ($) derivative	Jun. 30, 2016 USD ($)	Jun. 30, 2017 USD ($) derivative	Jun. 30, 2016 USD ($)	Dec. 31, 2016 USD ($) derivative
Cash Flow Hedges
Effect of cash flow hedging relationships
Pretax gains (losses) recognized in other comprehensive loss on derivatives (effective portion)	$ 258	$ 201	$ 856	$ (628)
Pretax gain reclassified from accumulated other comprehensive income	0	0	0	0
Interest rate swaps
Cash flow hedges
Recognized expenses related to the ineffective portion	0	0	0	0
Interest rate swaps \| Cash Flow Hedges
Cash flow hedges
Net interest expense on derivative	$ 600	$ 800	$ 1,300	$ 1,700
Minimum \| Interest rate swaps \| Cash Flow Hedges
Cash flow hedges
Fixed interest rate (as a percent)	2.98%		2.98%		2.98%
Maximum \| Interest rate swaps \| Cash Flow Hedges
Cash flow hedges
Fixed interest rate (as a percent)	3.03%		3.03%		3.03%
Derivatives designated as hedging instruments \| Interest rate swaps
Cash flow hedges
Notional amounts	$ 196,451		$ 196,451		$ 200,504
Derivatives designated as hedging instruments \| Interest rate swaps \| Cash Flow Hedges
Cash flow hedges
Number of derivatives carried \| derivative	2		2		2
Notional amounts	$ 150,000		$ 150,000		$ 150,000
Fair value losses	$ 3,000		$ 3,000		$ 3,800

Derivative Financial Instruments - Interest Rate Lock Commitments (Details)	Jun. 30, 2017 USD ($) instrument	Dec. 31, 2016 USD ($) instrument
Free-Standing Derivative Instruments
Loans held for sale \| $	$ 0	$ 0
Interest rate lock commitments
Free-Standing Derivative Instruments
Number of derivative instruments held \| instrument	0	0

Derivative Financial Instruments - Derivatives Not Designated as Hedges (Details) - Derivatives Not Designated as Hedging Instruments - Other noninterest income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest rate swaps
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives	$ 100	$ (105)	$ 353	$ (395)
Funding Swap (Visa Derivative)
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives	(35)	19	(32)	19
Foreign exchange contracts
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives	$ 21	$ (162)	$ 226	$ (122)

Derivative Financial Instruments - Free-Standing, Contingent Features and Counterparty Credit Risk (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		96 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2015	Dec. 31, 2016
Derivative financial instruments
Counterparty credit risk adjustments				$ 100	$ 100
Visa \| Class B shares
Derivative financial instruments
Number of shares sold		0	274,000	0	274,000	0
Interest rate swaps
Derivative financial instruments
Collateral thresholds for derivative agreements with credit risk related contingent features	$ 500			$ 500
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps
Derivative financial instruments
Notional Amount	1,611,148			1,611,148			$ 1,297,101
Net interest expense on derivative	$ 200	$ 300		$ 500	$ 600
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Minimum
Derivative financial instruments
Fixed interest rate (as a percent)	1.23%			1.23%			0.77%
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Maximum
Derivative financial instruments
Fixed interest rate (as a percent)	5.33%			5.33%			4.90%
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Customer swap program
Derivative financial instruments
Notional Amount	$ 1,500,000			$ 1,500,000			$ 1,200,000
Upfront fees on the dealer swap	1,700	$ 1,700		4,600	$ 3,700
Derivative asset value	19,600			19,600			16,000
Derivative liability value	13,000			13,000			16,000
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Other assets
Derivative financial instruments
Positive fair value, derivative asset	19,581			19,581			15,982
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Other liabilities
Derivative financial instruments
Fair value loss (derivative liability)	14,935			14,935			18,299
Derivatives Not Designated as Hedging Instruments \| Funding Swap (Visa Derivative)
Derivative financial instruments
Notional Amount	40,017			40,017			37,143
Derivatives Not Designated as Hedging Instruments \| Funding Swap (Visa Derivative) \| Other liabilities
Derivative financial instruments
Fair value loss (derivative liability)	$ 6,493			$ 6,493			$ 7,460

Commitments and Contingent Liabilities - Contingencies (Details)	6 Months Ended
	Jun. 30, 2017 USD ($) item
Overdraft fee litigation
Contingencies
Loss contingency liability \| $	$ 0
First Hawaiian Bank
Contingencies
Number of times a continuous negative balance overdraft fee charges on accounts remaining in negative balance for a seven-day period \| item	1
Period for one-time continuous negative balance overdraft fee	7 days

Commitments and Contingent Liabilities - Commitments to Extend Credit, Participations Sold (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Commitments to extend credit
Commitments
Participations sold to other institutions	$ 66.4	$ 94.5
Standby letters of credit
Commitments
Participations sold to other institutions	$ 17.5	$ 19.0

Commitments and Contingent Liabilities - Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Commitments to extend credit
Financial instruments with off-balance sheet risk
Contract amount	$ 5,154,215	$ 5,121,811
Standby letters of credit
Financial instruments with off-balance sheet risk
Contract amount	73,776	60,848
Commercial Letters of credit
Financial instruments with off-balance sheet risk
Contract amount	$ 7,093	$ 6,813

Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Earnings per Share
Adjustments to net income (in dollars)	$ 0	$ 0	$ 0	$ 0
Antidilutive securities (in shares)	0	0	0	0
Numerator:
Net income	$ 56,895	$ 54,860	$ 113,635	$ 120,391
Denominator:
Basic: weighted-average shares outstanding (in shares)	139,546,615	139,459,620	139,546,174	139,459,620
Add: weighted-average equity-based awards (in shares)	99,502		98,383
Diluted: weighted-average shares outstanding (in shares)	139,646,117	139,459,620	139,644,557	139,459,620
Basic earnings per share (in dollars per share)	$ 0.41	$ 0.39	$ 0.81	$ 0.86
Diluted earnings per share (in dollars per share)	$ 0.41	$ 0.39	$ 0.81	$ 0.86

Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Pension Benefits
Components of net periodic benefit cost
Service cost	$ 157	$ 214	$ 315	$ 429
Interest cost	2,042	2,157	4,083	4,314
Expected return on plan assets	(1,242)	(1,164)	(2,484)	(2,335)
Recognized net actuarial loss	1,999	1,774	3,998	3,545
Total net periodic benefit cost	2,956	2,981	5,912	5,953
Other Benefits
Components of net periodic benefit cost
Service cost	179	192	358	384
Interest cost	201	211	402	421
Prior service credit	(108)	(107)	(215)	(214)
Total net periodic benefit cost	$ 272	$ 296	$ 545	$ 591

Fair Value - Visa Derivative (Details) - USD ($) $ in Millions	Jun. 30, 2017	Dec. 31, 2016
Fair Value Measurements, Recurring \| Level 3 \| Funding Swap (Visa Derivative)
Fair value
Derivative Liability	$ 6.5	$ 7.5

Fair Value - Assets and Liabilities Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets
Investment securities	$ 5,126,869	$ 5,077,514
Fair Value Measurements, Recurring
Assets
Investment securities	5,126,869	5,077,514
Other assets	19,660	15,982
Liabilities
Other liabilities	(25,577)	(31,202)
Total
Net Assets (Liabilities)	5,120,952	5,062,294
Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	5,126,869	5,077,514
Other assets	19,660	15,982
Liabilities
Other liabilities	(19,084)	(23,742)
Total
Net Assets (Liabilities)	5,127,445	5,069,754
Fair Value Measurements, Recurring \| Level 3
Liabilities
Other liabilities	(6,493)	(7,460)
Total
Net Assets (Liabilities)	(6,493)	(7,460)
U.S. Treasury securities
Assets
Investment securities	396,842	392,473
U.S. Treasury securities \| Fair Value Measurements, Recurring
Assets
Investment securities	396,842	392,473
U.S. Treasury securities \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	396,842	392,473
Government-sponsored enterprises debt securities
Assets
Investment securities	245,318	242,667
Government-sponsored enterprises debt securities \| Fair Value Measurements, Recurring
Assets
Investment securities	245,318	242,667
Government-sponsored enterprises debt securities \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	245,318	242,667
Government agency mortgage-backed securities
Assets
Investment securities	168,798	185,663
Government agency mortgage-backed securities \| Fair Value Measurements, Recurring
Assets
Investment securities	168,798	185,663
Government agency mortgage-backed securities \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	168,798	185,663
Government-sponsored enterprises mortgage-backed securities
Assets
Investment securities	191,617	204,385
Government-sponsored enterprises mortgage-backed securities \| Fair Value Measurements, Recurring
Assets
Investment securities	191,617	204,385
Government-sponsored enterprises mortgage-backed securities \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	191,617	204,385
Non-government asset-backed securities
Assets
Investment securities	3,801	12,583
Non-government asset-backed securities \| Fair Value Measurements, Recurring
Assets
Investment securities	3,801	12,583
Non-government asset-backed securities \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	3,801	12,583
Collateralized mortgage obligations: Government agency
Assets
Investment securities	3,309,319	3,351,822
Collateralized mortgage obligations: Government agency \| Fair Value Measurements, Recurring
Assets
Investment securities	3,309,319	3,351,822
Collateralized mortgage obligations: Government agency \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	3,309,319	3,351,822
Collateralized mortgage obligations: Government-sponsored enterprises
Assets
Investment securities	811,174	687,921
Collateralized mortgage obligations: Government-sponsored enterprises \| Fair Value Measurements, Recurring
Assets
Investment securities	811,174	687,921
Collateralized mortgage obligations: Government-sponsored enterprises \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	$ 811,174	$ 687,921

Fair Value - Changes in Fair Value Levels and in Level 3 Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Fair value
Asset transfers out of Level 1 into Level 2	$ 0	$ 0	$ 0	$ 0
Asset transfers out of Level 2 into Level 1	0	0	0	0
Asset transfers into (out of) Level 3	0	0	0	0
Liability transfers out of Level 1 into Level 2	0	0	0	0
Liability transfers out of Level 2 into Level 1	0	0	0	0
Other liabilities - derivative \| Funding Swap (Visa Derivative)
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance	(6,987)	(8,828)	(7,460)
Total net (losses) gains included in other noninterest income	(35)	19	(32)	19
Purchases				(8,875)
Settlements	529	433	999	480
Balance	(6,493)	(8,376)	(6,493)	(8,376)
Total net (losses) gains included in net income attributable to the change in unrealized gains or losses related to liabilities still held	$ (35)	$ 19	$ (32)	$ 19

Fair Value - Financial Instruments not Required to be Carried at Fair Value and Off-Balance Sheet Commitments (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Lease and lease commitments excluded
Financing leases	$ 180,700	$ 180,000
Financing lease commitments	0	0
Book Value
Financial assets:
Short-term financial assets	1,227,765	1,052,058
Loans	11,881,716	11,340,338
Financial liabilities:
Deposits	17,452,262	16,794,532
Short-term borrowings		9,151
Book Value \| Commitments to extend credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	18,578	20,677
Book Value \| Standby letters of credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	1,077	876
Book Value \| Commercial Letters of credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	18	17
Estimated Fair Value
Financial assets:
Short-term financial assets	1,227,764	1,052,053
Loans	11,860,477	11,306,675
Financial liabilities:
Deposits	17,448,779	16,786,880
Short-term borrowings		9,109
Estimated Fair Value \| Commitments to extend credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	18,578	20,677
Estimated Fair Value \| Standby letters of credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	1,077	876
Estimated Fair Value \| Commercial Letters of credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	18	17
Estimated Fair Value \| Level 1
Financial assets:
Short-term financial assets	355,752	253,827
Financial liabilities:
Deposits	13,384,203	13,055,935
Estimated Fair Value \| Level 2
Financial assets:
Short-term financial assets	872,012	798,226
Financial liabilities:
Deposits	4,064,576	3,730,945
Short-term borrowings		9,109
Estimated Fair Value \| Level 3
Financial assets:
Loans	11,860,477	11,306,675
Estimated Fair Value \| Level 3 \| Commitments to extend credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	18,578	20,677
Estimated Fair Value \| Level 3 \| Standby letters of credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	1,077	876
Estimated Fair Value \| Level 3 \| Commercial Letters of credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	$ 18	$ 17

Fair Value - Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis (Details) - Impaired loans - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Assets with fair value adjustments on a nonrecurring basis
Total impairment losses	$ 500	$ 200
Fair Value Measurements, Nonrecurring \| Level 3
Assets with fair value adjustments on a nonrecurring basis
Fair value			$ 1,567

Fair Value - Significant Unobservable Inputs Used in Fair Value Measurements (Details) - Level 3 $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017 USD ($)	Dec. 31, 2016 USD ($)
Fair Value Measurements, Nonrecurring \| Impaired loans
Significant unobservable inputs used in the fair value measurements
Assets		$ 1,567
Fair Value Measurements, Recurring \| Other liabilities - derivative
Significant unobservable inputs used in the fair value measurements
Liabilities	$ (6,493)	$ (7,460)
Fair Value Measurements, Recurring \| Other liabilities - derivative \| Discounted cash flow \| Weighted Average
Significant unobservable inputs used in the fair value measurements
Expected Conversion Factor	1.6483	1.6483
Expected Term	4 years	4 years
Growth Rate (as a percent)	15.00%	15.00%

Reportable Operating Segments - Business Segments (Details)	6 Months Ended
	Jun. 30, 2017 location segment
Reportable operating segments
Number of business segments \| segment	3
Retail Banking
Reportable operating segments
Number of banking locations \| location	62

Reportable Operating Segments - Selected Business Segment Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Selected business segment financial information
Net interest income (expense)	$ 131,254	$ 120,427	$ 260,599	$ 237,739
Provision for loan and lease losses	(4,400)	(1,900)	(8,900)	(2,600)
Net interest income after provision for loan and lease losses	126,854	118,527	251,699	235,139
Noninterest income	48,870	46,371	98,277	119,890
Noninterest expense	(85,241)	(78,473)	(169,580)	(163,537)
Income before provision for income taxes	90,483	86,425	180,396	191,492
(Provision) benefit for income taxes	(33,588)	(31,565)	(66,761)	(71,101)
Net income	56,895	54,860	113,635	120,391
Total assets	20,373,974	19,052,593	20,373,974	19,052,593	$ 19,661,829
Retail Banking
Selected business segment financial information
Net interest income (expense)	106,912	103,771	212,613	206,196
Provision for loan and lease losses	(1,626)	(696)	(3,289)	(952)
Net interest income after provision for loan and lease losses	105,286	103,075	209,324	205,244
Noninterest income	22,381	22,525	46,000	46,155
Noninterest expense	(56,168)	(54,266)	(111,408)	(109,402)
Income before provision for income taxes	71,499	71,334	143,916	141,997
(Provision) benefit for income taxes	(26,485)	(26,067)	(53,218)	(53,055)
Net income	45,014	45,267	90,698	88,942
Total assets	6,779,914	6,841,661	6,779,914	6,841,661
Commercial Banking
Selected business segment financial information
Net interest income (expense)	27,726	28,212	55,259	55,805
Provision for loan and lease losses	(2,774)	(1,204)	(5,611)	(1,648)
Net interest income after provision for loan and lease losses	24,952	27,008	49,648	54,157
Noninterest income	18,921	16,671	36,491	33,019
Noninterest expense	(15,758)	(13,106)	(30,807)	(24,884)
Income before provision for income taxes	28,115	30,573	55,332	62,292
(Provision) benefit for income taxes	(10,409)	(11,145)	(20,443)	(23,241)
Net income	17,706	19,428	34,889	39,051
Total assets	5,408,202	4,460,197	5,408,202	4,460,197
Treasury and Other
Selected business segment financial information
Net interest income (expense)	(3,384)	(11,556)	(7,273)	(24,262)
Net interest income after provision for loan and lease losses	(3,384)	(11,556)	(7,273)	(24,262)
Noninterest income	7,568	7,175	15,786	40,716
Noninterest expense	(13,315)	(11,101)	(27,365)	(29,251)
Income before provision for income taxes	(9,131)	(15,482)	(18,852)	(12,797)
(Provision) benefit for income taxes	3,306	5,647	6,900	5,195
Net income	(5,825)	(9,835)	(11,952)	(7,602)
Total assets	$ 8,185,858	$ 7,750,735	$ 8,185,858	$ 7,750,735