Hawaiian Electric Industries (HE) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2020	Jul. 24, 2020
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	1-8503
Entity Tax Identification Number	99-0208097
Entity Incorporation, State or Country Code	HI
Entity Registrant Name	HAWAIIAN ELECTRIC INDUSTRIES INC
Entity Central Index Key	0000354707
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Address, Address Line One	1001 Bishop Street, Suite 2900
Entity Address, City or Town	Honolulu
Entity Address, State or Province	HI
Entity Address, Postal Zip Code	96813
City Area Code	808
Local Phone Number	543-5662
Title of each class	Common Stock, Without Par Value
Trading Symbol	HE
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		109,181,124
Hawaiian Electric Company, Inc. and Subsidiaries
Entity Information [Line Items]
Document Type	10-Q
Entity File Number	1-4955
Entity Tax Identification Number	99-0040500
Entity Incorporation, State or Country Code	HI
Entity Registrant Name	HAWAIIAN ELECTRIC COMPANY INC
Entity Central Index Key	0000046207
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Address, Address Line One	1001 Bishop Street, Suite, 2500
Entity Address, City or Town	Honolulu
Entity Address, State or Province	HI
Entity Address, Postal Zip Code	96813
City Area Code	808
Local Phone Number	543-7771
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		17,048,783

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues
Total revenues	$ 608,945	$ 715,485	$ 1,286,131	$ 1,377,100
Expenses
Total expenses	537,389	642,851	1,154,873	1,226,529
Operating income (loss)
Total operating income	71,556	72,634	131,258	150,571
Retirement defined benefits expense—other than service costs	(934)	(761)	(1,868)	(1,524)
Interest expense, net—other than on deposit liabilities and other bank borrowings	(22,613)	(23,533)	(44,388)	(46,656)
Allowance for borrowed funds used during construction	752	1,179	1,440	2,257
Allowance for equity funds used during construction	2,194	3,175	4,209	6,085
Gain on sale of investment securities, net	9,275	0	9,275	0
Income before income taxes	60,230	52,694	99,926	110,733
Income taxes	10,870	9,709	16,673	21,587
Net income	49,360	42,985	83,253	89,146
Preferred stock dividends of subsidiaries	473	473	946	946
Net income for common stock	$ 48,887	$ 42,512	$ 82,307	$ 88,200
Basic earnings per common share (in dollars per share)	$ 0.45	$ 0.39	$ 0.75	$ 0.81
Diluted earnings per common share (in dollars per share)	$ 0.45	$ 0.39	$ 0.75	$ 0.81
Weighted-average number of common shares outstanding (in shares)	109,146	108,938	109,098	108,925
Net effect of potentially dilutive shares (in shares)	159	317	276	399
Weighted-average shares assuming dilution (in shares)	109,305	109,255	109,374	109,324
Hawaiian Electric Company, Inc. and Subsidiaries
Revenues
Total revenues	$ 534,215	$ 633,784	$ 1,131,657	$ 1,212,279
Expenses
Fuel oil	112,451	181,620	285,672	342,229
Purchased power	136,838	162,854	276,654	297,299
Other operation and maintenance	110,041	119,260	237,588	237,390
Depreciation	55,696	53,913	111,546	107,860
Taxes, other than income taxes	51,388	60,443	108,438	115,247
Total expenses	466,414	578,090	1,019,898	1,100,025
Operating income (loss)
Total operating income	67,801	55,694	111,759	112,254
Retirement defined benefits expense—other than service costs	(382)	(701)	(763)	(1,404)
Allowance for borrowed funds used during construction	752	1,179	1,440	2,257
Allowance for equity funds used during construction	2,194	3,175	4,209	6,085
Interest expense and other charges, net	(17,338)	(18,530)	(33,932)	(36,516)
Income before income taxes	53,027	40,817	82,713	82,676
Income taxes	10,199	7,744	15,481	16,978
Net income	42,828	33,073	67,232	65,698
Preferred stock dividends of subsidiaries	229	229	458	458
Net income attributable to Hawaiian Electric	42,599	32,844	66,774	65,240
Preferred stock dividends of Hawaiian Electric	270	270	540	540
Net income for common stock	42,329	32,574	66,234	64,700
Electric utility
Revenues
Total revenues	534,215	633,784	1,131,657	1,212,279
Expenses
Total expenses	466,414	578,090	1,019,898	1,100,025
Operating income (loss)
Total operating income	67,801	55,694	111,759	112,254
Income before income taxes	53,027	40,817	82,713	82,676
Income taxes	10,199	7,744	15,481	16,978
Net income	42,828	33,073	67,232	65,698
Preferred stock dividends of subsidiaries	499	499	998	998
Net income for common stock	42,329	32,574	66,234	64,700
Bank
Revenues
Total revenues	74,714	81,687	154,452	164,739
Expenses
Total expenses	66,221	60,435	126,556	117,365
Operating income (loss)
Total operating income	8,493	21,252	27,896	47,374
Income before income taxes	17,334	21,292	36,303	47,454
Income taxes	3,320	4,276	6,528	9,599
Net income	14,014	17,016	29,775	37,855
Preferred stock dividends of subsidiaries	0	0	0	0
Net income for common stock	14,014	17,016	29,775	37,855
Other
Revenues
Total revenues	16	14	22	82
Expenses
Total expenses	4,754	4,326	8,419	9,139
Operating income (loss)
Total operating income	(4,738)	(4,312)	(8,397)	(9,057)
Income before income taxes	(10,131)	(9,415)	(19,090)	(19,397)
Income taxes	(2,649)	(2,311)	(5,336)	(4,990)
Net income	(7,482)	(7,104)	(13,754)	(14,407)
Preferred stock dividends of subsidiaries	(26)	(26)	(52)	(52)
Net income for common stock	$ (7,456)	$ (7,078)	$ (13,702)	$ (14,355)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net income for common stock	$ 48,887	$ 42,512	$ 82,307	$ 88,200
Net unrealized gains on available-for-sale investment securities:
Net unrealized gains (losses) on available-for-sale investment securities arising during the period, net of taxes	973	14,154	20,421	23,593
Reclassification adjustment for net realized gains included in net income, net of taxes	(1,638)	0	(1,638)	0
Derivatives qualifying as cash flow hedges:
Unrealized interest rate hedging losses arising during the period, net of taxes	(198)	(660)	(1,982)	(1,063)
Retirement benefit plans:
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of taxes	5,690	2,503	11,396	5,006
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes	(5,159)	(2,298)	(10,317)	(4,596)
Other comprehensive income (loss), net of taxes	(332)	13,699	17,880	22,940
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	48,555	56,211	100,187	111,140
Hawaiian Electric Company, Inc. and Subsidiaries
Net income for common stock	42,329	32,574	66,234	64,700
Retirement benefit plans:
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of taxes	5,184	2,321	10,368	4,643
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes	(5,159)	(2,298)	(10,317)	(4,596)
Other comprehensive income (loss), net of taxes	25	23	51	47
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	$ 42,354	$ 32,597	$ 66,285	$ 64,747

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net unrealized gains (losses) on available-for-sale investment securities arising during the period, tax	$ 356	$ 5,182	$ 7,476	$ 8,637
Reclassification adjustment for net realized gains included in net income, tax	(599)	0	(599)	0
Unrealized interest rate hedging losses arising during the period, tax	(69)	(380)	(688)	(520)
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, tax	1,981	871	3,967	1,741
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, tax	(1,789)	(797)	(3,578)	(1,594)
Hawaiian Electric Company, Inc. and Subsidiaries
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, tax	1,798	805	3,596	1,610
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, tax	$ (1,789)	$ (797)	$ (3,578)	$ (1,594)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and Cash Equivalents, at Carrying Value	$ 574,482	$ 196,813
Restricted Cash and Cash Equivalents	29,376	30,872
Accounts receivable and unbilled revenues, net	271,314	300,794
Available-for-sale investment securities, at fair value	1,389,633	1,232,826
Held-to-maturity investment securities, at amortized cost	124,623	139,451
Stock in Federal Home Loan Bank, at cost	9,880	8,434
Loans held for investment, net	5,356,510	5,067,821
Loans held for sale, at lower of cost or fair value	37,143	12,286
Property, plant and equipment, net of accumulated depreciation	5,181,427	5,109,628
Regulatory assets	682,570	715,080
Other	556,793	649,885
Goodwill	82,190	82,190
Utility property, plant and equipment
Total property, plant and equipment, net	5,181,427	5,109,628
Current assets
Cash and Cash Equivalents, at Carrying Value	574,482	196,813
Other long-term assets
Operating lease right-of-use assets	184,759	199,171
Total assets	14,480,700	13,745,251
Liabilities
Accounts payable	142,113	220,633
Interest and dividends payable	24,396	24,941
Deposit liabilities	7,029,952	6,271,902
Short-term borrowings—other than bank	131,180	185,710
Other bank borrowings	124,975	115,110
Long-term debt, net—other than bank	2,070,224	1,964,365
Deferred income taxes	368,834	379,324
Operating lease liabilities	191,058	199,571
Regulatory liabilities	977,780	972,310
Defined benefit pension and other postretirement benefit plans liability	514,415	513,287
Other	580,082	583,545
Total liabilities	12,155,009	11,430,698
Capitalization
Retained earnings	616,941	622,042
Accumulated other comprehensive loss, net of tax benefits	(2,159)	(20,039)
Total shareholders’ equity	2,291,398	2,280,260
Preferred stock of subsidiaries - not subject to mandatory redemption	34,293	34,293
Commitments and contingencies
Current liabilities
Interest and dividends payable	24,396	24,941
Deferred credits and other liabilities
Deferred income taxes	368,834	379,324
Shareholders’ equity
Preferred stock, no par value, authorized 10,000,000 shares; issued: none	0	0
Common stock, no par value, authorized 200,000,000 shares; issued and outstanding: 109,181,124 shares and 108,973,328 shares at June 30, 2020 and December 31, 2019, respectively	1,676,616	1,678,257
Retained earnings	616,941	622,042
Accumulated other comprehensive loss, net of tax benefits	(2,159)	(20,039)
Total shareholders’ equity	2,291,398	2,280,260
Total liabilities and shareholders’ equity	14,480,700	13,745,251
Hawaiian Electric Company, Inc. and Subsidiaries
Assets
Cash and Cash Equivalents, at Carrying Value	63,995	11,022
Restricted Cash and Cash Equivalents	29,376	30,872
Property, plant and equipment, net of accumulated depreciation	4,868,346	4,801,977
Regulatory assets	6,500
Utility property, plant and equipment
Land	51,607	51,816
Plant and equipment	7,353,841	7,240,288
Less accumulated depreciation	(2,758,544)	(2,690,157)
Construction in progress	214,487	193,074
Utility property, plant and equipment, net	4,861,391	4,795,021
Nonutility property, plant and equipment, less accumulated depreciation	6,955	6,956
Total property, plant and equipment, net	4,868,346	4,801,977
Current assets
Cash and Cash Equivalents, at Carrying Value	63,995	11,022
Customer accounts receivable, net	138,038	152,790
Accrued unbilled revenues, net	100,601	117,227
Other accounts receivable, net	10,415	11,568
Fuel oil stock, at average cost	60,479	91,937
Materials and supplies, at average cost	66,244	60,702
Prepayments and other	37,929	116,980
Regulatory assets	21,286	30,710
Total current assets	528,363	623,808
Other long-term assets
Operating lease right-of-use assets	161,029	176,809
Regulatory assets	661,284	684,370
Other	112,985	101,718
Total other long-term assets	935,298	962,897
Total assets	6,332,007	6,388,682
Liabilities
Interest and dividends payable	20,659	20,728
Deferred income taxes	371,052	377,150
Capitalization
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 17,048,783 shares at June 30, 2020 and December 31, 2019)	113,678	113,678
Premium on capital stock	714,824	714,824
Retained earnings	1,232,795	1,220,129
Accumulated other comprehensive loss, net of tax benefits	(1,228)	(1,279)
Total shareholders’ equity	2,060,069	2,047,352
Long-term debt, net	1,560,955	1,401,714
Total capitalization	3,655,317	3,483,359
Preferred stock of subsidiaries - not subject to mandatory redemption	34,293	34,293
Commitments and contingencies
Current liabilities
Current portion of operating lease liabilities	64,534	63,707
Current portion of long-term debt	14,000	95,953
Short-term borrowings from non-affiliates	49,919	88,987
Accounts payable	107,078	187,770
Interest and dividends payable	20,659	20,728
Taxes accrued, including revenue taxes	193,851	207,992
Regulatory liabilities	26,067	30,724
Other	71,691	67,305
Total current liabilities	547,799	763,166
Deferred credits and other liabilities
Operating lease liabilities	102,570	113,400
Deferred income taxes	371,052	377,150
Regulatory liabilities	951,713	941,586
Unamortized tax credits	115,006	117,868
Defined benefit pension and other postretirement benefit plans liability	479,850	478,763
Other	108,700	113,390
Total deferred credits and other liabilities	2,128,891	2,142,157
Shareholders’ equity
Preferred stock, no par value, authorized 10,000,000 shares; issued: none	34,293	34,293
Retained earnings	1,232,795	1,220,129
Accumulated other comprehensive loss, net of tax benefits	(1,228)	(1,279)
Total shareholders’ equity	2,060,069	2,047,352
Total liabilities and shareholders’ equity	$ 6,332,007	$ 6,388,682

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Property, plant and equipment, accumulated depreciation	$ 2,840,462	$ 2,765,569
Preferred stock, no par value (in dollars per share)	$ 0	$ 0
Preferred stock, authorized shares (in shares)	10,000,000	10,000,000
Preferred stock, issued shares (in shares)	0	0
Common stock, no par value (in dollars per share)	$ 0	$ 0
Common stock, authorized shares (in shares)	200,000,000	200,000,000
Common stock, issued shares (in shares)	109,181,124	108,973,328
Common stock, outstanding shares (in shares)	109,181,124	108,973,328
Hawaiian Electric Company, Inc. and Subsidiaries
Nonutility property, plant and equipment, accumulated depreciation	$ 113	$ 111
Common stock, par value (in dollars per share)	$ 6.67	$ 6.67
Common stock, authorized shares (in shares)	50,000,000	50,000,000
Common stock, outstanding shares (in shares)	17,048,783	17,048,783

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Shareholders' Equity and Common Stock Equity (unaudited) - USD ($) $ in Thousands	Total	Impact of ASU No. 2016-13	As reported under ASU No. 2016-13	Hawaiian Electric Company, Inc. and Subsidiaries	Common stock	Common stockAs reported under ASU No. 2016-13	Common stockHawaiian Electric Company, Inc. and Subsidiaries	Premium on capital stockHawaiian Electric Company, Inc. and Subsidiaries	Retained Earnings	Retained EarningsImpact of ASU No. 2016-13	Retained EarningsAs reported under ASU No. 2016-13	Retained EarningsHawaiian Electric Company, Inc. and Subsidiaries	Accumulated other comprehensive income (loss)	Accumulated other comprehensive income (loss)As reported under ASU No. 2016-13	Accumulated other comprehensive income (loss)Hawaiian Electric Company, Inc. and Subsidiaries
Increase (decrease) in stockholders' equity
Impact of adoption of ASU No. 2016-13	$ 2,162,280			$ 1,957,641	$ 1,669,267		$ 111,696	$ 681,305	$ 543,623			$ 1,164,541	$ (50,610)		$ 99
Beginning Balance at Dec. 31, 2018	2,162,280			1,957,641	$ 1,669,267		$ 111,696	681,305	543,623			1,164,541	(50,610)		99
Beginning Balance (in shares) at Dec. 31, 2018					108,879,000		16,751,000
Increase (decrease) in stockholders' equity
Impact of adoption of ASU No. 2016-13	2,183,515			1,964,478	$ 1,670,433		$ 111,696	681,305	554,451			1,171,354	(50,610)		123
Net income for common stock	45,688			32,126					45,688			32,126
Other comprehensive income (loss), net of tax (benefits)	9,241			24									9,241		24
Share-based expenses and other, net (in shares)					58,000
Share-based expenses and other, net	1,166				$ 1,166
Common stock dividends	(34,860)			(25,313)					(34,860)			(25,313)
Ending Balance at Mar. 31, 2019	$ 2,183,515			1,964,478	$ 1,670,433		$ 111,696	681,305	554,451			1,171,354	(41,369)		123
Ending Balance (in shares) at Mar. 31, 2019					108,937,000		16,751,000
Increase (decrease) in stockholders' equity
Common stock dividends (in dollars per share)	$ 0.32
Beginning Balance at Dec. 31, 2018	$ 2,162,280			1,957,641	$ 1,669,267		$ 111,696	681,305	543,623			1,164,541	(50,610)		99
Beginning Balance (in shares) at Dec. 31, 2018					108,879,000		16,751,000
Increase (decrease) in stockholders' equity
Impact of adoption of ASU No. 2016-13	2,208,586			1,971,762	$ 1,674,153		$ 111,696	681,305	562,103			1,178,615	(50,610)		146
Net income for common stock	88,200			64,700
Other comprehensive income (loss), net of tax (benefits)	22,940			47									22,940
Common stock dividends				(50,626)
Ending Balance at Jun. 30, 2019	2,208,586			1,971,762	$ 1,674,153		$ 111,696	681,305	562,103			1,178,615	(27,670)		146
Ending Balance (in shares) at Jun. 30, 2019					108,972,000		16,751,000
Beginning Balance at Dec. 31, 2018	2,162,280			1,957,641	$ 1,669,267		$ 111,696	681,305	543,623			1,164,541	(50,610)		99
Beginning Balance (in shares) at Dec. 31, 2018					108,879,000		16,751,000
Increase (decrease) in stockholders' equity
Impact of adoption of ASU No. 2016-13	2,162,280	$ (15,372)	$ 2,264,888	1,957,641	$ 1,669,267	$ 1,678,257	$ 111,696	681,305	543,623	$ (15,372)	$ 606,670	1,164,541	(50,610)	$ (20,039)	99
Ending Balance at Dec. 31, 2019	$ 2,280,260	(15,372)	2,264,888	2,047,352	$ 1,678,257	1,678,257	$ 113,678	714,824	622,042	(15,372)	606,670	1,220,129	(20,039)	(20,039)	(1,279)
Ending Balance (in shares) at Dec. 31, 2019	108,973,328				108,973,000		17,048,000
Increase (decrease) in stockholders' equity
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Impact of adoption of ASU No. 2016-13	$ 2,183,515			1,964,478	$ 1,670,433		$ 111,696	681,305	554,451			1,171,354	(41,369)		123
Beginning Balance at Mar. 31, 2019	2,183,515			1,964,478	$ 1,670,433		$ 111,696	681,305	554,451			1,171,354	(41,369)		123
Beginning Balance (in shares) at Mar. 31, 2019					108,937,000		16,751,000
Increase (decrease) in stockholders' equity
Impact of adoption of ASU No. 2016-13	2,208,586			1,971,762	$ 1,674,153		$ 111,696	681,305	562,103			1,178,615	(27,670)		146
Net income for common stock	42,512			32,574					42,512			32,574
Other comprehensive income (loss), net of tax (benefits)	13,699			23									13,699		23
Share-based expenses and other, net (in shares)					35,000
Share-based expenses and other, net	3,720				$ 3,720
Common stock dividends	(34,860)			(25,313)					(34,860)			(25,313)
Ending Balance at Jun. 30, 2019	$ 2,208,586			1,971,762	$ 1,674,153		$ 111,696	681,305	562,103			1,178,615	(27,670)		146
Ending Balance (in shares) at Jun. 30, 2019					108,972,000		16,751,000
Increase (decrease) in stockholders' equity
Common stock dividends (in dollars per share)	$ 0.32
Impact of adoption of ASU No. 2016-13	$ 2,208,586			1,971,762	$ 1,674,153		$ 111,696	681,305	562,103			1,178,615	(27,670)		146
Impact of adoption of ASU No. 2016-13	2,280,260	(15,372)	2,264,888	2,047,352	1,678,257	1,678,257	113,678	714,824	622,042	(15,372)	606,670	1,220,129	(20,039)	(20,039)	(1,279)
Beginning Balance at Dec. 31, 2019	$ 2,280,260	(15,372)	2,264,888	2,047,352	$ 1,678,257	1,678,257	$ 113,678	714,824	622,042	(15,372)	606,670	1,220,129	(20,039)	(20,039)	(1,279)
Beginning Balance (in shares) at Dec. 31, 2019	108,973,328				108,973,000		17,048,000
Increase (decrease) in stockholders' equity
Impact of adoption of ASU No. 2016-13	$ 2,280,260	(15,372)	2,264,888	2,047,352	$ 1,678,257	1,678,257	$ 113,678	714,824	622,042	(15,372)	606,670	1,220,129	(20,039)	(20,039)	(1,279)
Ending Balance at Jan. 01, 2020	$ 2,280,260	(15,372)	2,264,888
Increase (decrease) in stockholders' equity
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Beginning Balance at Dec. 31, 2019	$ 2,280,260	(15,372)	2,264,888	2,047,352	$ 1,678,257	1,678,257	$ 113,678	714,824	622,042	(15,372)	606,670	1,220,129	(20,039)	(20,039)	(1,279)
Beginning Balance (in shares) at Dec. 31, 2019	108,973,328				108,973,000		17,048,000
Increase (decrease) in stockholders' equity
Impact of adoption of ASU No. 2016-13	$ 2,280,260	(15,372)	2,276,505	2,044,499	$ 1,678,257	1,674,261	$ 113,678	714,824	622,042	(15,372)	604,071	1,217,250	(20,039)	(1,827)	(1,253)
Net income for common stock	33,420			23,905					33,420			23,905
Other comprehensive income (loss), net of tax (benefits)	18,212			26									18,212		26
Share-based expenses and other, net (in shares)					172,000
Share-based expenses and other, net	(3,996)				$ (3,996)
Common stock dividends	$ (36,019)			(26,784)					(36,019)			(26,784)
Ending Balance at Mar. 31, 2020			2,276,505	2,044,499		1,674,261	$ 113,678	714,824			604,071	1,217,250		(1,827)	(1,253)
Ending Balance (in shares) at Mar. 31, 2020					109,145,000		17,048,000
Increase (decrease) in stockholders' equity
Common stock dividends (in dollars per share)	$ 0.33
Beginning Balance at Dec. 31, 2019	$ 2,280,260	(15,372)	2,264,888	2,047,352	$ 1,678,257	1,678,257	$ 113,678	714,824	622,042	(15,372)	606,670	1,220,129	(20,039)	(20,039)	(1,279)
Beginning Balance (in shares) at Dec. 31, 2019	108,973,328				108,973,000		17,048,000
Increase (decrease) in stockholders' equity
Impact of adoption of ASU No. 2016-13	$ 2,280,260	(15,372)	2,264,888	2,060,069	$ 1,676,616	1,678,257	$ 113,678	714,824	616,941	$ (15,372)	606,670	1,232,795	(2,159)	(20,039)	(1,228)
Net income for common stock	82,307			66,234
Other comprehensive income (loss), net of tax (benefits)	17,880			51									17,880
Common stock dividends				(53,568)
Ending Balance at Jun. 30, 2020	$ 2,291,398			2,060,069	$ 1,676,616		$ 113,678	714,824	616,941			1,232,795	(2,159)		(1,228)
Ending Balance (in shares) at Jun. 30, 2020	109,181,124				109,181,000		17,048,000
Increase (decrease) in stockholders' equity
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member
Impact of adoption of ASU No. 2016-13	$ 2,280,260	$ (15,372)	2,264,888
Impact of adoption of ASU No. 2016-13			2,276,505	2,044,499		1,674,261	$ 113,678	714,824			604,071	1,217,250		(1,827)	(1,253)
Beginning Balance at Mar. 31, 2020			2,276,505	2,044,499		1,674,261	$ 113,678	714,824			604,071	1,217,250		(1,827)	(1,253)
Beginning Balance (in shares) at Mar. 31, 2020					109,145,000		17,048,000
Increase (decrease) in stockholders' equity
Impact of adoption of ASU No. 2016-13	2,291,398		$ 2,276,505	2,060,069	$ 1,676,616	$ 1,674,261	$ 113,678	714,824	616,941		$ 604,071	1,232,795	(2,159)	$ (1,827)	(1,228)
Net income for common stock	48,887			42,329					48,887			42,329
Other comprehensive income (loss), net of tax (benefits)	(332)			25									(332)		25
Share-based expenses and other, net (in shares)					36,000
Share-based expenses and other, net	2,355				$ 2,355
Common stock dividends	(36,017)			(26,784)					(36,017)			(26,784)
Ending Balance at Jun. 30, 2020	$ 2,291,398			2,060,069	$ 1,676,616		$ 113,678	714,824	616,941			1,232,795	(2,159)		(1,228)
Ending Balance (in shares) at Jun. 30, 2020	109,181,124				109,181,000		17,048,000
Increase (decrease) in stockholders' equity
Common stock dividends (in dollars per share)	$ 0.33
Impact of adoption of ASU No. 2016-13	$ 2,291,398			$ 2,060,069	$ 1,676,616		$ 113,678	$ 714,824	$ 616,941			$ 1,232,795	$ (2,159)		$ (1,228)

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Changes in Shareholders' Equity and Common Stock Equity (unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019
Statement of Stockholders' Equity [Abstract]
Common stock dividends (in dollars per share)	$ 0.33	$ 0.33	$ 0.32	$ 0.32

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net income	$ 83,253	$ 89,146
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment	119,367	114,863
Other amortization	26,055	22,439
Provision for credit losses	25,534	14,558
Loans originated, held for sale	(277,738)	(96,033)
Proceeds from sale of loans, held for sale	259,268	89,573
Gain on sale of investment securities, net	(9,275)	0
Gain on sale of loans	(8,252)	(1,589)
Deferred income taxes	(21,565)	(6,662)
Bad debt expense	1,089	802
Share-based compensation expense	4,059	5,883
Allowance for equity funds used during construction	(4,209)	(6,085)
Other	(3,854)	(4,929)
Changes in assets and liabilities
Decrease in accounts receivable and unbilled revenues, net	23,458	12,048
Decrease (increase) in fuel oil stock	31,583	(40,557)
Decrease in regulatory assets	9,432	25,392
Increase (decrease) in regulatory liabilities	1,717	(3,403)
Increase (decrease) in accounts, interest and dividends payable	(48,336)	3,926
Change in prepaid and accrued income taxes, tax credits and utility revenue taxes	(12,306)	(45,977)
Increase (decrease) in defined benefit pension and other postretirement benefit plans liability	16,312	(1,774)
Change in other assets and liabilities	(17,120)	(37,413)
Net cash provided by operating activities	197,383	133,406
Cash flows from investing activities
Available-for-sale investment securities purchased	(476,582)	(4,530)
Principal repayments on available-for-sale investment securities	181,451	123,855
Proceeds from sale of available-for-sale investment securities	169,157	0
Principal repayments of held-to-maturity investment securities	15,093	4,774
Purchase of stock from Federal Home Loan Bank	(22,966)	(53,115)
Redemption of stock from Federal Home Loan Bank	21,520	54,640
Net increase in loans held for investment	(328,356)	(173,546)
Proceeds from sale of low-income housing investments	6,725	0
Capital expenditures	(197,816)	(229,282)
Contributions to low income housing investments	(1,951)	(4,069)
Other	4,469	6,143
Net cash used in investing activities	(629,256)	(275,130)
Cash flows from financing activities
Net increase in deposit liabilities	758,050	98,531
Net increase (decrease) in short-term borrowings with original maturities of three months or less	(119,211)	112,901
Net increase (decrease) in other bank borrowings with original maturities of three months or less	(20,135)	1,445
Proceeds from issuance of short-term debt	165,000	25,000
Repayment of short-term debt	(100,000)	0
Proceeds from issuance of other bank borrowings	30,000	0
Proceeds from issuance of long-term debt	351,942	56,150
Repayment of long-term debt and funds transferred for repayment of long-term debt	(177,245)	(52,489)
Withheld shares for employee taxes on vested share-based compensation	(5,700)	(996)
Common stock dividends	(72,037)	(69,720)
Preferred stock dividends of subsidiaries	(946)	(946)
Other	(1,672)	1,189
Net cash provided by financing activities	808,046	171,065
Net increase in cash, cash equivalents and restricted cash	376,173	29,341
Cash, cash equivalents and restricted cash, beginning of period	227,685	169,208
Cash, cash equivalents and restricted cash, end of period	603,858	198,549
Less: Restricted cash	(29,376)	0
Cash and cash equivalents, end of period	574,482	198,549
Hawaiian Electric Company, Inc. and Subsidiaries
Cash flows from operating activities
Net income	67,232	65,698
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment	111,546	107,860
Other amortization	16,275	13,661
Deferred income taxes	(16,237)	(6,611)
State refundable credit	(5,060)	(4,192)
Allowance for equity funds used during construction	(4,209)	(6,085)
Other	116	639
Changes in assets and liabilities
Decrease in accounts receivable	10,730	9,201
Decrease in accrued unbilled revenues	15,780	2,581
Decrease (increase) in fuel oil stock	31,458	(41,706)
Increase in materials and supplies	(5,542)	(5,890)
Decrease in regulatory assets	9,432	25,392
Increase (decrease) in regulatory liabilities	1,717	(3,403)
Decrease in accounts payable	(48,209)	(45)
Change in prepaid and accrued income taxes, tax credits and utility revenue taxes	(14,700)	(45,785)
Increase (decrease) in defined benefit pension and other postretirement benefit plans liability	14,968	(1,899)
Change in other assets and liabilities	(4,918)	(9,402)
Net cash provided by operating activities	181,468	100,816
Cash flows from investing activities
Capital expenditures	(186,532)	(199,896)
Other	5,441	2,510
Net cash used in investing activities	(181,091)	(197,386)
Cash flows from financing activities
Net increase (decrease) in short-term borrowings with original maturities of three months or less	100,000	25,000
Net increase (decrease) in other bank borrowings with original maturities of three months or less	(38,987)	111,901
Proceeds from issuance of short-term debt	100,000	25,000
Repayment of short-term debt	(100,000)	0
Proceeds from issuance of long-term debt	255,000	50,000
Repayment of long-term debt and funds transferred for repayment of long-term debt	(109,000)	(51,546)
Common stock dividends	(53,568)	(50,626)
Preferred stock dividends of Hawaiian Electric and subsidiaries	(998)	(998)
Other	(1,347)	323
Net cash provided by financing activities	51,100	84,054
Net increase in cash, cash equivalents and restricted cash	51,477	(12,516)
Cash, cash equivalents and restricted cash, beginning of period	41,894	35,877
Cash, cash equivalents and restricted cash, end of period	93,371	23,361
Less: Restricted cash	(29,376)	0
Cash and cash equivalents, end of period	$ 63,995	$ 23,361

Basis of presentation

Basis of presentation	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation	Basis of presentationThe accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) for interim financial information, the instructions to SEC Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In preparing the unaudited condensed consolidated financial statements, management is required 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 balance sheet and the reported amounts of revenues and expenses for the period. Actual results could differ significantly from those estimates. The accompanying unaudited condensed consolidated financial statements and the following notes should be read in conjunction with the audited consolidated financial statements and the notes thereto in HEI’s and Hawaiian Electric’s Form 10-K for the year ended December 31, 2019.In the opinion of HEI’s and Hawaiian Electric’s management, the accompanying unaudited condensed consolidated financial statements contain all material adjustments required by GAAP to fairly state consolidated HEI’s and Hawaiian Electric’s financial positions as of June 30, 2020 and December 31, 2019 and the results of their operations for the three and six months ended June 30, 2020 and 2019 and cash flows for the six months ended June 30, 2020 and 2019. All such adjustments are of a normal recurring nature, unless otherwise disclosed below or in other referenced material. Results of operations for interim periods are not necessarily indicative of results for the full year. Recent accounting pronouncements. Credit losses . In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” which replaces the incurred loss methodology with an expected loss methodology. The new methodology is referred to as the current expected credit loss (CECL) methodology and applies to financial assets subject to credit losses and measured at amortized cost and certain off-balance sheet credit exposures. This includes, but is not limited to loans, loan commitments and held-to-maturity securities. In addition, ASU No. 2016-13 amends the accounting for credit losses on available-for-sale (AFS) debt securities and purchased financial assets with credit deterioration. The other-than-temporary impairment model of accounting for credit losses on AFS debt securities has been replaced with an estimate of expected credit losses only when the fair value is below the amortized cost of the asset. The length of time the fair value of an AFS debt security has been below the amortized cost will no longer impact the determination of whether a credit loss exists. The AFS debt security model requires the use of an allowance to record the estimated losses (and subsequent recoveries). The Company adopted ASU No. 2016-13 The CECL models use a probability-of-default, loss given default and exposure at default methodology to estimate the expected credit losses. Within each model or calculation, loans are further segregated based on additional risk characteristics specific to that loan type, such as risk rating, FICO score, bankruptcy score, age of loan and collateral. The Company uses both internal and external historical data, as appropriate, and a blend of economic forecasts to estimate credit losses over a reasonable and supportable forecast period and then reverts to a longer-term historical loss experience to arrive at lifetime expected credit losses. The reversion period incorporates forward-looking expectations about repayments (including prepayments) as determined by the Company’s asset liability management system. The allowance for credit losses (ACL) is a material estimate of the Company. As a result of the change from an incurred loss model to a methodology that considers the credit loss over the expected life of the loan, on January 1, 2020, the Company recorded an adjustment of $21 million to increase the ACL, including a $2 million increase in the allowance for loan commitments, with a corresponding adjustment to reduce retained earnings by $15 million on an after-tax basis . The ACL is based on the composition, characteristics and quality of the loans and off balance sheet credit exposures as well as the prevailing economic conditions as of the adoption date. The increase in the ACL primarily relates to required reserves for residential mortgages and consumer loans, due to the requirement to estimate lifetime expected credit losses, with lower ACL requirements for commercial and commercial real estate loans due to their short-term nature. Based on the credit quality of the Company’s existing held-to-maturity and AFS investment securities portfolio, the Company did not recognize an ACL at adoption for those investments. The adoption of the new standard did not have a material impact to the Utilities’ customer and other accounts receivables and accrued unbilled revenue. Results for reporting periods beginning after January 1, 2020 are presented under ASU No. 2016-13 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The table below summarizes the impact of the Company’s adoption of ASU No. 2016-13. January 1, 2020 (in thousands) Pre-ASU No. 2016-13 adoption Impact of ASU No. 2016-13 As reported under ASU No. 2016-13 HEI consolidated Loans held for investments, net 1 $ 5,067,821 $ (19,441) $ 5,048,380 Total assets $ 13,745,251 $ (19,441) $ 13,725,810 Deferred income taxes $ 379,324 $ (5,628) $ 373,696 Other 1 583,545 1,559 585,104 Total liabilities 11,430,698 (4,069) 11,426,629 Retained earnings 622,042 (15,372) 606,670 Total shareholders’ equity 2,280,260 (15,372) 2,264,888 Total liabilities and shareholders’ equity $ 13,745,251 $ (19,441) $ 13,725,810 1 The allowance for credit losses is classified in “Loans held for investments, net,” and the allowance for loan commitments is classified in “Other” liabilities in the Company’s condensed consolidated balance sheets.

Segment financial information

Segment financial information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment financial information	Segment financial information (in thousands) Electric utility Bank Other Total Three months ended June 30, 2020 Revenues from external customers $ 534,206 $ 74,714 $ 25 $ 608,945 Intersegment revenues (eliminations) 9 — (9) — Revenues $ 534,215 $ 74,714 $ 16 $ 608,945 Income (loss) before income taxes $ 53,027 $ 17,334 $ (10,131) $ 60,230 Income taxes (benefit) 10,199 3,320 (2,649) 10,870 Net income (loss) 42,828 14,014 (7,482) 49,360 Preferred stock dividends of subsidiaries 499 — (26) 473 Net income (loss) for common stock $ 42,329 $ 14,014 $ (7,456) $ 48,887 Six months ended June 30, 2020 Revenues from external customers $ 1,131,636 $ 154,452 $ 43 $ 1,286,131 Intersegment revenues (eliminations) 21 — (21) — Revenues $ 1,131,657 $ 154,452 $ 22 $ 1,286,131 Income (loss) before income taxes $ 82,713 $ 36,303 $ (19,090) $ 99,926 Income taxes (benefit) 15,481 6,528 (5,336) 16,673 Net income (loss) 67,232 29,775 (13,754) 83,253 Preferred stock dividends of subsidiaries 998 — (52) 946 Net income (loss) for common stock $ 66,234 $ 29,775 $ (13,702) $ 82,307 Total assets (at June 30, 2020) $ 6,332,007 $ 8,019,665 $ 129,028 $ 14,480,700 Three months ended June 30, 2019 Revenues from external customers $ 633,771 $ 81,687 $ 27 $ 715,485 Intersegment revenues (eliminations) 13 — (13) — Revenues $ 633,784 $ 81,687 $ 14 $ 715,485 Income (loss) before income taxes $ 40,817 $ 21,292 $ (9,415) $ 52,694 Income taxes (benefit) 7,744 4,276 (2,311) 9,709 Net income (loss) 33,073 17,016 (7,104) 42,985 Preferred stock dividends of subsidiaries 499 — (26) 473 Net income (loss) for common stock $ 32,574 $ 17,016 $ (7,078) $ 42,512 Six months ended June 30, 2019 Revenues from external customers $ 1,212,253 $ 164,739 $ 108 $ 1,377,100 Intersegment revenues (eliminations) 26 — (26) — Revenues $ 1,212,279 $ 164,739 $ 82 $ 1,377,100 Income (loss) before income taxes $ 82,676 $ 47,454 $ (19,397) $ 110,733 Income taxes (benefit) 16,978 9,599 (4,990) 21,587 Net income (loss) 65,698 37,855 (14,407) 89,146 Preferred stock dividends of subsidiaries 998 — (52) 946 Net income (loss) for common stock $ 64,700 $ 37,855 $ (14,355) $ 88,200 Total assets (at December 31, 2019) $ 6,388,682 $ 7,233,017 $ 123,552 $ 13,745,251 Intercompany electricity sales of the Utilities to the bank and “other” segments are not eliminated because those segments would need to purchase electricity from another source if it were not provided by the Utilities and the profit on such sales is nominal. Bank fees that ASB charges the Utilities and “other” segments are not eliminated because those segments would pay fees to another financial institution if they were to bank with another institution and the profit on such fees is nominal. Hamakua Energy, LLC’s (Hamakua Energy’s) sales to Hawaii Electric Light (a regulated affiliate) are eliminated in consolidation.

Electric utility segment

Electric utility segment	6 Months Ended
	Jun. 30, 2020
Electric utility subsidiary [Abstract]
Electric utility segment	Electric utility segment Unconsolidated variable interest entities. Power purchase agreements . As of June 30, 2020, the Utilities had four PPAs for firm capacity (excluding the Puna Geothermal Ventures (PGV) PPA as PGV has been offline since May 2018 due to lava flow on Hawaii Island) and other PPAs with independent power producers (IPPs) and Schedule Q providers (i.e., customers with cogeneration and/or power production facilities who buy power from or sell power to the Utilities), none of which are currently required to be consolidated as VIEs. Pursuant to the current accounting standards for VIEs, the Utilities are deemed to have a variable interest in Kalaeloa Partners, L.P. (Kalaeloa), AES Hawaii, Inc. (AES Hawaii) and Hamakua Energy by reason of the provisions of the PPA that the Utilities have with the three IPPs. However, management has concluded that the Utilities are not the primary beneficiary of Kalaeloa, AES Hawaii and Hamakua Energy because the Utilities do not have the power to direct the activities that most significantly impact the three IPPs’ economic performance nor the obligation to absorb their expected losses, if any, that could potentially be significant to the IPPs. Thus, the Utilities have not consolidated Kalaeloa, AES Hawaii and Hamakua Energy in its condensed consolidated financial statements. Hamakua Energy is an indirect subsidiary of Pacific Current and is consolidated in HEI’s condensed consolidated financial statements. Commitments and contingencies. Contingencies . The Utilities are subject in the normal course of business to pending and threatened legal proceedings. Management does not anticipate that the aggregate ultimate liability arising out of these pending or threatened legal proceedings will be material to its financial position. However, the Utilities cannot rule out the possibility that such outcomes could have a material effect on the results of operations or liquidity for a particular reporting period in the future. Power purchase agreements . Purchases from all IPPs were as follows: Three months ended June 30 Six months ended June 30 (in millions) 2020 2019 2020 2019 Kalaeloa $ 34 $ 61 $ 72 $ 101 AES Hawaii 32 32 63 64 HPOWER 17 19 34 37 Hamakua Energy 11 18 24 34 Wind IPPs 25 23 53 43 Solar IPPs 17 8 28 15 Other IPPs 1 1 1 3 2 Total IPPs $ 137 $ 162 $ 277 $ 296 1 Includes hydro power and other PPAs Kalaeloa Partners, L.P. Under a 1988 PPA, as amended, Hawaiian Electric is committed to purchase 208 MW of firm capacity from Kalaeloa. Hawaiian Electric and Kalaeloa are currently in negotiations to address the PPA term that ended on May 23, 2016. The PPA automatically extends on a month-to-month basis as long as the parties are still negotiating in good faith. Hawaiian Electric and Kalaeloa have agreed that neither party will terminate the PPA (which has been subject to automatic extension on a month-to-month basis) prior to November 20, 2020, to allow for a negotiated resolution and PUC approval. AES Hawaii, Inc. Under a PPA entered into in March 1988, as amended (through Amendment No. 2) for a period of 30 years ending September 2022, Hawaiian Electric agreed to purchase 180 MW of firm capacity from AES Hawaii. Hawaiian Electric and AES Hawaii have been in dispute over an additional 9 MW of capacity. In February 2018, Hawaiian Electric reached agreement with AES Hawaii on an amendment to the PPA. However, in June 2018, the PUC issued an order suspending review of the amendment pending a Department of Health of the State of Hawaii ( DOH) decision on AES Hawaii’s request for approval of its Emission Reduction Plan and partnership with Hawaiian Electric. If approved by the PUC, the amendment will resolve AES Hawaii’s claims related to the additional capacity. Hu Honua Bioenergy, LLC (Hu Honua). In May 2012, Hawaii Electric Light signed a PPA, which the PUC approved in December 2013, with Hu Honua for 21.5 MW of renewable, dispatchable firm capacity fueled by locally grown biomass from a facility on the island of Hawaii. Under the terms of the PPA, the Hu Honua plant was scheduled to be in service in 2016. However, Hu Honua encountered construction and litigation delays, which resulted in an amended and restated PPA between Hawaii Electric Light and Hu Honua dated May 9, 2017. In July 2017, the PUC approved the amended and restated PPA, which becomes effective once the PUC’s order is final and non-appealable. In August 2017, the PUC’s approval was appealed by a third party. On May 10, 2019, the Hawaii Supreme Court issued a decision remanding the matter to the PUC for further proceedings consistent with the court’s decision which must include express consideration of Green House Gas (GHG) emissions that would result from approving the PPA, whether the cost of energy under the PPA is reasonable in light of the potential for GHG emissions, and whether the terms of the PPA are prudent and in the public interest, in light of its potential hidden and long-term consequences. On June 20, 2019, the PUC issued an order reopening the docket for further proceedings, including re-examining all of the issues in the proceedings. On September 29, 2019, the PUC issued an order setting the procedural schedule for the matter and on December 20, 2019, issued an order modifying the procedural schedule. Pre-hearing matters were completed on March 6, 2020. On July 9, 2020, the PUC issued an order denying the Hawaii Electric Light’s request to waive the amended and restated PPA from the PUC’s competitive bidding requirements and therefore, dismissed the request for approval of the amended and restated PPA without prejudice to possible participation in any future competitive bidding process. On July 20, 2020, Hu Honua filed a motion for reconsideration of the PUC’s order which is currently pending review by the PUC. Utility projects . Many public utility projects require PUC approval and various permits from other governmental agencies. Difficulties in obtaining, or the inability to obtain, the necessary approvals or permits can result in significantly increased project costs or even cancellation of projects. In the event a project does not proceed, or if it becomes probable the PUC will disallow cost recovery for all or part of a project, or if PUC-imposed caps on project costs are expected to be exceeded, project costs may need to be written off in amounts that could result in significant reductions in Hawaiian Electric’s consolidated net income. Enterprise Resource Planning/Enterprise Asset Management (ERP/EAM) implementation project. The ERP/EAM Implementation Project went live in October 2018. Starting in January 2020, Hawaii Electric Light began to incorporate their portion of the deferred project costs in rate base and start the amortization over a 12-year period. As of June 30, 2020, the total deferred project costs and accrued carrying costs after the project went into service amounted to $59.4 million, which is net of the amortization of $0.3 million at Hawaii Electric Light. In February 2019, the PUC approved a methodology for passing the future cost saving benefits of the new ERP/EAM system to customers developed by the Utilities in collaboration with the Consumer Advocate. The Utilities filed a benefits clarification document on June 10, 2019, reflecting $150 million in future net O&M expense reductions and cost avoidance, and $96 million in capital cost reductions and tax savings over the 12-year service life. To the extent the reduction in O&M expense relates to amounts reflected in electric rates, the Utilities would reduce future rates for such amounts. In October 2019, the PUC approved the Utilities and the Consumer Advocate’s Stipulated Performance Metrics and Tracking Mechanism. As of June 30, 2020, the Utilities’ regulatory liability was $7.2 million for amounts to be returned to customers for reduction in O&M expense included in rates. At the PUC’s direction, the Utilities have been filing Semi-Annual Enterprise System Benefits (SAESB) reports. The most recent SAESB report was filed on February 26, 2020 for the period July 1 through December 31, 2019. Environmental regulation . The Utilities are subject to environmental laws and regulations that regulate the operation of existing facilities, the construction and operation of new facilities and the proper cleanup and disposal of hazardous waste and toxic substances. Hawaiian Electric, Hawaii Electric Light and Maui Electric, like other utilities, periodically encounter petroleum or other chemical releases associated with current or previous operations. The Utilities report and take action on these releases when and as required by applicable law and regulations. The Utilities believe the costs of responding to such releases identified to date will not have a material effect, individually or in the aggregate, on Hawaiian Electric’s consolidated results of operations, financial condition or liquidity. Former Molokai Electric Company generation site . In 1989, Maui Electric acquired Molokai Electric Company. Molokai Electric Company had sold its former generation site (Site) in 1983, but continued to operate at the Site under a lease until 1985. The Environmental Protection Agency (EPA) has since identified environmental impacts in the subsurface soil at the Site. In cooperation with the DOH and EPA, Maui Electric further investigated the Site and the Adjacent Parcel to determine the extent of impacts of polychlorinated biphenyls (PCBs), residual fuel oils and other subsurface contaminants. Maui Electric has a reserve balance of $2.7 million as of June 30, 2020, representing the probable and reasonably estimable undiscounted cost for remediation of the Site and the Adjacent Parcel; however, final costs of remediation will depend on the cleanup approach implemented. Pearl Harbor sediment study . In July 2014, the U.S. Navy notified Hawaiian Electric of the Navy’s determination that Hawaiian Electric is a Potentially Responsible Party responsible for the costs of investigation and cleanup of PCB contamination in sediment in the area offshore of the Waiau Power Plant as part of the Pearl Harbor Superfund Site. Hawaiian Electric was also required by the EPA to assess potential sources and extent of PCB contamination onshore at Waiau Power Plant. As of June 30, 2020, the reserve account balance recorded by Hawaiian Electric to address the PCB contamination was $4.8 million. The reserve balance represents the probable and reasonably estimable undiscounted cost for the onshore investigation and the remediation of PCB contamination in the offshore sediment. The final remediation costs will depend on the potential onshore source control requirements and actual offshore cleanup costs. Regulatory proceedings Decoupling . Decoupling is a regulatory model that is intended to provide the Utilities with financial stability and facilitate meeting the State of Hawaii’s goals to transition to a clean energy economy and achieve an aggressive renewable portfolio standard. The decoupling mechanism has the following major components: (1) monthly revenue balancing account (RBA) revenues or refunds for the difference between PUC-approved target revenues and recorded adjusted revenues, which delinks revenues from kilowatthour sales, (2) rate adjustment mechanism (RAM) revenues for escalation in certain O&M expenses and rate base changes, (3) major project interim recovery (MPIR) component, (4) performance incentive mechanisms (PIMs), and (5) an earnings sharing mechanism, which would provide for a reduction of revenues between rate cases in the event the utility exceeds the return on average common equity (ROACE) allowed in its most recent rate case. The requirement for triennial general rate cases under the decoupling mechanism was terminated by the PUC on April 29, 2020. Rate adjustment mechanism . The RAM is based on the lesser of: a) an inflationary adjustment for certain O&M expenses and return on investment for certain rate base changes, or b) cumulative annual compounded increase in Gross Domestic Product Price Index applied to annualized target revenues (the RAM Cap). Annualized target revenues reset upon the issuance of an interim or final decision and order (D&O) in a rate case. All Utilities were limited to the RAM Cap in 2020. Major project interim recovery . On April 27, 2017, the PUC issued an order that provided guidelines for interim recovery of revenues to support major projects placed in service between general rate cases. Projects eligible for recovery through the MPIR adjustment mechanism are major projects (i.e., projects with capital expenditures net of customer contributions in excess of $2.5 million), including, but not restricted to, renewable energy, energy efficiency, utility scale generation, grid modernization and smaller qualifying projects grouped into programs for review. The MPIR adjustment mechanism provides the opportunity to recover revenues for approved costs of eligible projects placed in service between general rate cases wherein cost recovery is limited by a revenue cap and is not provided by other effective recovery mechanisms. The request for PUC approval must include a business case, and all costs that are allowed to be recovered through the MPIR adjustment mechanism must be offset by any related benefits. The guidelines provide for accrual of revenues approved for recovery upon in-service date to be collected from customers through the annual RBA tariff. Capital projects that are not recovered through the MPIR would be included in the RAM and be subject to the RAM Cap, until the next rate case when the Utilities would request recovery in base rates. The 2019 approved MPIR amounts for Schofield Generating Station of $19.8 million (which accrued effective January 1, 2019), included the 2019 return on project amount (up to the capped amount) in rate base, depreciation and incremental O&M expenses, are collected from June 2020 through May 2021. The PUC approved the Utilities’ requests for MPIR recovery of the cost of the Grid Modernization Strategy Phase 1 project and West Loch Photovoltaic (PV) project in March and December 2019, respectively. On June 5, 2020, the Utilities submitted 2020 MPIR amounts totaling $23.6 million for the Schofield Generation Station ($19.2 million), West Loch PV project ($3.8 million) and Grid Modernization Strategy Phase 1 project ($0.6 million for all three utilities) for the accrual of revenues effective January 1, 2020, that included the 2020 return on project amount (up to the capped amount) in rate base, depreciation and incremental O&M expenses, for collection from June 2021 through May 2022, subject to PUC review. Performance incentive mechanisms . The PUC has established the following PIMs: • Service Quality performance incentives are measured on a calendar-year basis. The PIM tariff requires the performance targets, deadbands and the amount of maximum financial incentives used to determine the PIM financial incentive levels for each of the PIMs to be re-determined upon issuance of an interim or final order in a general rate case for each utility. • Service Reliability Performance measured by System Average Interruption Duration and Frequency Indexes (penalties only). Target performance is based on each utility’s historical 10-year average performance with a deadband of one standard deviation. The maximum penalty for each performance index is 20 basis points applied to the common equity share of each respective utility’s approved rate base (or maximum penalties of approximately $6.8 million - for both indices in total for the three utilities). • Call Center Performance measured by the percentage of calls answered within 30 seconds. Target performance is based on the annual average performance for each utility for the most recent 8 quarters with a deadband of 3% above and below the target. The maximum penalty or reward is 8 basis points applied to the common equity share of each respective utility’s approved rate base (or maximum penalties or rewards of approximately $1.4 million - in total for the three utilities). • In December 2019, the Utilities accrued $0.3 million in estimated rewards for call center performance, net of service reliability penalties, for 2019. The net service quality performance rewards related to 2019 was reflected in the 2020 annual decoupling filing and increased customer rates in the period June 1, 2020 through May 31, 2021. • Procurement of low-cost variable renewable resources through the request for proposal process in 2018 is measured by comparison of the procurement price to target prices. The incentive is a percentage of the savings determined by comparing procured price to a target of 11.5 cents per kilowatt-hour for renewable projects with storage capability and 9.5 cents per kilowatt-hour for energy-only renewable projects. Half of the incentive was earned upon PUC approval of the PPAs and the other half is eligible to be earned in the year following the in-service date of the projects and is dependent on the amount of energy the Utilities receive from the facilities. The total amount of the incentive the Utilities are eligible for is capped at $3.5 million. Based on the seven PPAs approved in 2019, the Utilities recognized $1.7 million in 2019. On October 9, 2019, the PUC issued an order establishing PIMs for the Utilities with regards to the Variable Renewable Dispatchable Generation and Energy Storage requests for proposals (RFPs) as well as the Delivery of Grid Services via Customer-sited Distributed Energy Resources RFPs that were issued on August 22, 2019 for Oahu, Maui and Hawaii island. The order establishes pricing thresholds, timelines to complete contracting, and other performance criteria for the performance incentive eligibility. The PIMs provide incentives only without penalties. The earliest the Utilities would be eligible for a PIM pursuant to this order is upon PUC approval of executed contracts resulting from the Phase 2 RFPs. The order requires contracts under the Grid Service RFP be filed for approval by May 2020 (subsequently extended to July 9, 2020), and by September 2020 under the Renewable RFPs, with a declining PIM for projects that are not filed by these deadlines. On July 9, 2020, the Utilities filed two Grid Service Purchase Agreements for the Grid Service RFP, which qualify for PIMs, however, details of the incentive metrics will be determined by PUC. Annual decoupling filings . The net annual incremental amounts to be collected (refunded) from June 1, 2020 through May 31, 2021 are as follows: (in millions) Hawaiian Electric Hawaii Electric Light Maui Electric Total 2020 Annual incremental RAM adjusted revenues $ 20.6 $ 3.2 $ 5.7 $ 29.5 Annual change in accrued RBA balance as of December 31, 2019 (and associated revenue taxes) which incorporates MPIR recovery (46.5) (9.9) (11.0) (67.4) Incremental Performance Incentive Mechanisms (net) 2.2 (0.1) (0.1) 2.0 Net annual incremental amount to be collected (refunded) under the tariffs $ (23.7) $ (6.8) $ (5.4) $ (35.9) Performance-based regulation proceeding. On April 18, 2018, the PUC issued an order, instituting a proceeding to investigate performance-based regulation (PBR). The PUC stated that PBR seeks to utilize both revenue adjustment mechanisms and performance mechanisms to more strongly align utilities’ incentives with customer interests. The order stated that, in general, the PUC is interested in ratemaking elements and/or mechanisms that result in: • Greater cost control and reduced rate volatility; • Efficient investment and allocation of resources regardless of classification as capital or operating expense; • Fair distribution of risks between utilities and customers; and • Fulfillment of State policy goals. The proceeding has two phases. Phase 1 examined the current regulatory framework and identified those areas of utility performance that are deserving of further focus in Phase 2. In May 2019, the PUC issued an order concluding Phase 1, which established guiding principles, regulatory goals, and priority outcomes to guide the development of the PBR mechanisms in Phase 2. The PUC identified the following guiding principles, which will inform the development of the PBR framework: 1) a customer-centric approach, 2) administrative efficiency to reduce regulatory burdens; and 3) utility financial integrity to maintain the utility’s financial health. Priority goals (and priority outcomes) identified by the PUC were: enhance customer experience (affordability, reliability, interconnection experience, and customer engagement), improve utility performance (cost control, distributed energy resources (DER) asset effectiveness, and grid investment efficiency), and advance societal outcomes (capital formation, customer equity, greenhouse gas reduction, electrification of transportation, and resilience). The order also outlined the PUC’s vision of a comprehensive PBR framework that would be further developed in Phase 2. The framework envisioned would include 1) a five-year multi-year rate plan with an index-driven annual revenue adjustment based on an inflation factor, an X-factor which would encompass productivity, a Z-factor to account for exceptional circumstances not in the utility’s control and a customer dividend, 2) a symmetric earnings sharing mechanism that would help ensure that utility earnings do not excessively benefit or suffer from external factors outside of utility control or unforeseen results of regulatory mechanisms, 3) off-ramp provisions, 4) continuation of the RBA, MPIR adjustment mechanism, the pension and OPEB tracking mechanism, and other recovery mechanisms, and 5) a portfolio of performance incentive mechanisms for customer engagement and DER asset effectiveness (rewards only), and interconnection experience (both rewards and penalties), in addition to scorecards to track progress against targeted performance levels, shared savings mechanisms to apportion savings to the utility and customers, and reported metrics. The Phase 2 schedule included working group meetings through the first half of 2020, followed by statements of positions that were filed in June 2020. The remainder of the Phase 2 schedule includes discovery, reply statements of positions in August 2020, an evidentiary hearing in September 2020 and anticipated decision in December 2020. The latest procedural schedule includes steps after the Phase 2 D&O “to review and approve PBR tariffs.” Most recent rate proceedings. Hawaiian Electric 2020 test year rate case . On May 27, 2020, Hawaiian Electric and the Consumer Advocate filed a Stipulated Settlement Letter, documenting a global settlement of all issues in this rate case. The Parties agreed that as a result of this settlement agreement, there will be no increase in electric revenues over the revenues established in the 2017 test year rate case. The settlement agreement is subject to PUC approval. On May 13, 2020, the PUC issued its Final Report on the Management Audit, which recommended various operational and organizational changes intended to better manage costs and provide value to customers. The report also recommended a three Hawaii Electric Light 2019 test year rate case . On September 24, 2019, Hawaii Electric Light and the Consumer Advocate filed a Stipulated Partial Settlement Letter which documented agreements reached on all of the issues in the proceeding, except for the ROACE, capital structure, amortization period for the state investment tax credit, and automatic annual target heat rate adjustment. On November 13, 2019, the PUC issued an interim decision maintaining Hawaii Electric Light’s revenues at current effective rates based on an interim revenue requirement of $387 million, average rate base of $534 million, and a 7.52% return on rate base (RORB) that incorporates a ROACE of 9.5% and 58.0% total equity ratio, and tariffs became effective January 1, 2020 . On July 28, 2020, the PUC issued an order, approving the Stipulated Partial Settlement Letter in part and ordering final rates for the 2019 test year to remain at current effective rates such that there is a zero increase in rates. The PUC determined that an appropriate ROACE for the 2019 test year is 9.5%, approved a capital structure of 58% total equity and approved as fair a 7.52% RORB. In addition, the order, among others, (1) approved a 10-year amortization period for the state investment tax credit; and (2) approved a modification to Hawaii Electric Light’s ECRC to incorporate a 98%/2% risk-sharing split between customers and Hawaii Electric Light with an annual maximum exposure cap of +/- $600,000. Hawaii Electric Light is to submit proposed final tariffs and a revised ECRC tariff for the PUC’s review within 30 days of this order. Maui Electric 2021 test year rate case . By an order issued on April 29, 2020, the PUC terminated the requirement of a mandatory triennial rate case cycle that was established in the Decoupling final D&O, and indicated Maui Electric is not required to file a 2021 test year rate case. Maui Electric does not intend to file a 2021 test year rate case. Regulatory assets for COVID-19 related expenses. On April 22, 2020, the Utilities filed a request to the PUC for deferral treatment of COVID-19 related expenses, including higher bad debt expense and write-offs, higher financing costs and other expenses. On May 4, 2020, the PUC issued an order, authorizing all utilities, including the Utilities, to establish regulatory assets to record costs resulting from the suspension of disconnections of service during the pendency of the Governor’s Emergency Proclamation and until otherwise ordered by the PUC. In future proceedings, the PUC will consider the reasonableness of the costs, the appropriate period of recovery, any amount of carrying costs thereon, and any savings directly attributable to suspension of disconnects, and other related matters. As part of the order, the PUC prohibits the Utilities from charging late payment fees on past due payments. On June 30, 2020, the PUC issued an order on the Utilities request for deferral treatment of COVID-19 related expenses through December 31, 2020, and allowed the Utilities to file application to request an extension of the deferral period beyond December 31, 2020. Beginning on July 31, 2020, the Utilities are required to file quarterly reports to update the Utilities’ financial condition, measures in place to assist their customers during the COVID-19 emergency situation, identifying the planned deferred costs and details for the deferred costs, and identifying funds received or benefits received that have resulted from the COVID-19 emergency period. As of June 30, 2020, the Utilities recorded a total of $6.5 million in regulatory assets pursuant to the order. Condensed consolidating financial information. Condensed consolidating financial information for Hawaiian Electric and its subsidiaries are presented for the three and six month periods ended June 30, 2020 and 2019, and as of June 30, 2020 and December 31, 2019. Hawaiian Electric unconditionally guarantees Hawaii Electric Light’s and Maui Electric’s obligations (a) to the State of Hawaii for the repayment of principal and interest on Special Purpose Revenue Bonds issued for the benefit of Hawaii Electric Light and Maui Electric, and (b) under their respective private placement note agreements and the Hawaii Electric Light notes and Maui Electric notes issued thereunder. Hawaiian Electric is also obligated, after the satisfaction of its obligations on its own preferred stock, to make dividend, redemption and liquidation payments on Hawaii Electric Light’s and Maui Electric’s preferred stock if the respective subsidiary is unable to make such payments. Hawaiian Electric Company, Inc. and Subsidiaries Condensed Consolidating Statement of Income Three months ended June 30, 2020 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Consolidated Revenues $ 380,634 78,505 75,216 — (140) $ 534,215 Expenses Fuel oil 77,290 16,254 18,907 — — 112,451 Purchased power 108,946 15,846 12,046 — — 136,838 Other operation and maintenance 74,274 17,581 18,186 — — 110,041 Depreciation 37,860 9,761 8,075 — — 55,696 Taxes, other than income taxes 36,673 7,470 7,245 — — 51,388 Total expenses 335,043 66,912 64,459 — — 466,414 Operating income 45,591 11,593 10,757 — (140) 67,801 Allowance for equity funds used during construction 1,807 193 194 — — 2,194 Equity in earnings of subsidiaries 13,776 — — — (13,776) — Retirement defined benefits expense—other than service costs (546) 193 (29) — — (382) Interest expense and other charges, net (12,499) (2,533) (2,446) — 140 (17,338) Allowance for borrowed funds used during construction 626 62 64 — — 752 Income before income taxes 48,755 9,508 8,540 — (13,776) 53,027 Income taxes 6,156 2,196 1,847 10,199 Net income 42,599 7,312 6,693 — (13,776) 42,828 Preferred stock dividends of subsidiaries — 133 96 — 229 Net income attributable to Hawaiian Electric 42,599 7,179 6,597 — (13,776) 42,599 Preferred stock dividends of Hawaiian Electric 270 — — — — 270 Net income for common stock $ 42,329 7,179 6,597 — (13,776) $ 42,329 Hawaiian Electric Company, Inc. and Subsidiaries Condensed Consolidating Statement of Comprehensive Income Three months ended June 30, 2020 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other Consolidating Hawaiian Electric Net income for common stock $ 42,329 7,179 6,597 — (13,776) $ 42,329 Other comprehensive income (loss), net of taxes: Retirement benefit plans: Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits 5,184 751 650 — (1,401) 5,184 Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes (5,159) (748) (653) — 1,401 (5,159) Other comprehensive income (loss), net of taxes 25 3 (3) — — 25 Comprehensive income attributable to common shareholder $ 42,354 7,182 6,594 — (13,776) $ 42,354 Hawaiian Electric Company, Inc. and Subsidiaries Condensed Consolidating Statement of Income Three months ended June 30, 2019 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Consolidated Revenues $ 450,020 89,916 94,050 — (202) $ 633,784 Expenses Fuel oil 125,431 19,941 36,248 — — 181,620 Purchased power 126,871 24,029 11,954 — — 162,854 Other operation and maintenance 78,551 18,031 22,678 — — 119,260 Depreciation 35,868 10,453 7,592 — — 53,913 Taxes, other than income taxes 42,590 8,706 9,147 — — 60,443 Total expenses 409,311 81,160 87,619 — — 578,090 Operating income 40,709 8,756 6,431 — (202) 55,694 Allowance for equity funds used during construction 2,614 218 343 — — 3,175 Equity in earnings of subsidiaries 8,086 — — — (8,086) — Retirement defined benefits expense—other than service costs (567) (105) (29) — — (701) Interest expense and other charges, net (13,390) (2,920) (2,422) — 202 (18,530) Allowance for borrowed funds used during construction 962 91 126 — — 1,179 Income before income taxes 38,414 6,040 4,449 — (8,086) 40,817 Income taxes 5,570 1,241 933 — — 7,744 Net income 32,844 4,799 3,516 — (8,086) 33,073 Preferred stock dividends of subsidiaries — 133 96 — — 229 Net income attributable to Hawaiian Electric 32,844 4,666 3,420 — (8,086) 32,844 Preferred stock dividends of Hawaiian Electric 270 — — — — 270 Net income for common stock $ 32,574 4,666 3,420 — (8,086) $ 32,574 Hawaiian Electric Company, Inc. and Subsidiaries Condensed Consolidating Statement of Comprehensive Income Three months ended June 30, 2019 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other Consolidating Hawaiian Electric Net income for common stock $ 32,574 4,666 3,420 — (8,086) $ 32,574 Other comprehensive income (loss), net of taxes: Retirement benefit plans: Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits 2,321 352 289 — (641) 2,321 Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes (2,298) (351) (289) — 640 (2,298) Other comprehensive income, net of taxes 23 1 — — (1) 23 Comprehensive income attributable to common shareholder $ 32,597 4,667 3,420 — (8,087) $ 32,597 Hawaiian Electric Company, Inc. and Subsidiaries Condensed Consolidating Statement of Income Six months ended June 30, 2020 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Ot

Bank segment

Bank segment	6 Months Ended
	Jun. 30, 2020
Bank Subsidiary [Abstract]
Bank segment	Bank segment Selected financial information American Savings Bank, F.S.B. Statements of Income and Comprehensive Income Data Three months ended June 30, Six months ended June 30 (in thousands) 2020 2019 2020 2019 Interest and dividend income Interest and fees on loans $ 53,541 $ 58,620 $ 109,086 $ 116,480 Interest and dividends on investment securities 6,288 7,535 15,718 18,163 Total interest and dividend income 59,829 66,155 124,804 134,643 Interest expense Interest on deposit liabilities 3,071 4,287 6,658 8,539 Interest on other borrowings 75 411 388 939 Total interest expense 3,146 4,698 7,046 9,478 Net interest income 56,683 61,457 117,758 125,165 Provision for credit losses 15,133 7,688 25,534 14,558 Net interest income after provision for credit losses 41,550 53,769 92,224 110,607 Noninterest income Fees from other financial services 3,102 4,798 7,673 9,360 Fee income on deposit liabilities 2,897 5,004 8,010 10,082 Fee income on other financial products 1,212 1,830 3,084 3,423 Bank-owned life insurance 1,673 2,390 2,467 4,649 Mortgage banking income 6,252 976 8,252 1,590 Gain on sale of investment securities, net 9,275 — 9,275 — Other income, net (251) 534 162 992 Total noninterest income 24,160 15,532 38,923 30,096 Noninterest expense Compensation and employee benefits 25,079 25,750 50,856 51,262 Occupancy 5,442 5,479 10,709 10,149 Data processing 3,849 3,852 7,686 7,590 Services 2,474 2,606 5,283 5,032 Equipment 2,290 2,189 4,629 4,253 Office supplies, printing and postage 1,049 1,663 2,390 3,023 Marketing 379 1,323 1,181 2,313 FDIC insurance 751 628 853 1,254 Other expense 1 7,063 4,519 11,257 8,373 Total noninterest expense 48,376 48,009 94,844 93,249 Income before income taxes 17,334 21,292 36,303 47,454 Income taxes 3,320 4,276 6,528 9,599 Net income 14,014 17,016 29,775 37,855 Other comprehensive income (loss), net of taxes (280) 14,275 19,567 20,527 Comprehensive income $ 13,734 $ 31,291 $ 49,342 $ 58,382 1 The three- and six-month periods ended June 30, 2020 include approximately $3.7 million and $3.8 million, respectively, of certain significant direct and incremental COVID-19 related costs. These costs, which have been recorded in Other expense , include $2.3 million of compensation expense and $1.1 million of enhanced cleaning and sanitation costs. Reconciliation to amounts per HEI Condensed Consolidated Statements of Income*: Three months ended June 30, Six months ended June 30 (in thousands) 2020 2019 2020 2019 Interest and dividend income $ 59,829 $ 66,155 $ 124,804 $ 134,643 Noninterest income 24,160 15,532 38,923 30,096 Less: Gain on sale of investment securities, net (9,275) — (9,275) — *Revenues-Bank 74,714 81,687 154,452 164,739 Total interest expense 3,146 4,698 7,046 9,478 Provision for credit losses 15,133 7,688 25,534 14,558 Noninterest expense 48,376 48,009 94,844 93,249 Less: Retirement defined benefits gain (expense)—other than service costs (434) 40 (868) 80 *Expenses-Bank 66,221 60,435 126,556 117,365 *Operating income-Bank 8,493 21,252 27,896 47,374 Add back: Retirement defined benefits (gain) expense—other than service costs 434 (40) 868 (80) Add back: Gain on sale of investment securities, net (9,275) — (9,275) — Income before income taxes $ 17,334 $ 21,292 $ 36,303 $ 47,454 American Savings Bank, F.S.B. Balance Sheets Data (in thousands) June 30, 2020 December 31, 2019 Assets Cash and due from banks $ 140,968 $ 129,770 Interest-bearing deposits 365,996 48,628 Investment securities Available-for-sale, at fair value 1,389,633 1,232,826 Held-to-maturity, at amortized cost (fair value of $131,131 and $143,467, respectively) 124,623 139,451 Stock in Federal Home Loan Bank, at cost 9,880 8,434 Loans held for investment 5,437,817 5,121,176 Allowance for credit losses (81,307) (53,355) Net loans 5,356,510 5,067,821 Loans held for sale, at lower of cost or fair value 37,143 12,286 Other 512,722 511,611 Goodwill 82,190 82,190 Total assets $ 8,019,665 $ 7,233,017 Liabilities and shareholder’s equity Deposit liabilities—noninterest-bearing $ 2,422,042 $ 1,909,682 Deposit liabilities—interest-bearing 4,607,910 4,362,220 Other borrowings 124,975 115,110 Other 158,344 146,954 Total liabilities 7,313,271 6,533,966 Commitments and contingencies Common stock 1 1 Additional paid-in capital 350,826 349,453 Retained earnings 344,662 358,259 Accumulated other comprehensive income (loss), net of taxes Net unrealized gains on securities $ 21,264 $ 2,481 Retirement benefit plans (10,359) 10,905 (11,143) (8,662) Total shareholder’s equity 706,394 699,051 Total liabilities and shareholder’s equity $ 8,019,665 $ 7,233,017 Other assets Bank-owned life insurance $ 159,951 $ 157,465 Premises and equipment, net 203,217 204,449 Accrued interest receivable 23,381 19,365 Mortgage-servicing rights 9,647 9,101 Low-income housing investments 61,632 66,302 Real estate acquired in settlement of loans, net 43 — Other 54,851 54,929 $ 512,722 $ 511,611 Other liabilities Accrued expenses $ 40,382 $ 45,822 Federal and state income taxes payable 18,021 14,996 Cashier’s checks 25,284 23,647 Advance payments by borrowers 10,458 10,486 Other 64,199 52,003 $ 158,344 $ 146,954 Bank-owned life insurance is life insurance purchased by ASB on the lives of certain key employees, with ASB as the beneficiary. The insurance is used to fund employee benefits through tax-free income from increases in the cash value of the policies and insurance proceeds paid to ASB upon an insured’s death. Other borrowings consisted of securities sold under agreements to repurchase, federal funds purchased and advances from the Federal Home Loan Bank (FHLB) of $95.0 million, nil and $30.0 million, respectively, as of June 30, 2020 and $115 million, nil and nil, respectively, as of December 31, 2019. Investment securities. The major components of investment securities were as follows: Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair Gross unrealized losses Less than 12 months 12 months or longer (dollars in thousands) Number of issues Fair Amount Number of issues Fair Amount June 30, 2020 Available-for-sale U.S. Treasury and federal agency obligations $ 100,195 $ 2,219 $ — $ 102,414 — $ — $ — — $ — $ — Mortgage-backed securities* 1,201,796 25,469 (280) 1,226,985 6 96,296 (258) 1 1,803 (22) Corporate bonds 29,767 1,640 — 31,407 — — — — — — Mortgage revenue bonds 28,827 — — 28,827 — — — — $ 1,360,585 $ 29,328 $ (280) $ 1,389,633 6 $ 96,296 $ (258) 1 $ 1,803 $ (22) Held-to-maturity Mortgage-backed securities* $ 124,623 $ 6,508 $ — $ 131,131 — $ — $ — — $ — $ — $ 124,623 $ 6,508 $ — $ 131,131 — $ — $ — — $ — $ — December 31, 2019 Available-for-sale U.S. Treasury and federal agency obligations $ 117,255 $ 652 $ (120) $ 117,787 2 $ 4,110 $ (11) 3 $ 27,637 $ (109) Mortgage-backed securities* 1,024,892 6,000 (4,507) 1,026,385 19 152,071 (819) 75 318,020 (3,688) Corporate bonds 58,694 1,363 — 60,057 — — — — — — Mortgage revenue bonds 28,597 — — 28,597 — — — — — — $ 1,229,438 $ 8,015 $ (4,627) $ 1,232,826 21 $ 156,181 $ (830) 78 $ 345,657 $ (3,797) Held-to-maturity Mortgage-backed securities* $ 139,451 $ 4,087 $ (71) $ 143,467 1 $ 12,986 $ (71) — $ — $ — $ 139,451 $ 4,087 $ (71) $ 143,467 1 $ 12,986 $ (71) — $ — $ — * Issued or guaranteed by U.S. Government agencies or sponsored agencies ASB does not believe that the investment securities that were in an unrealized loss position at June 30, 2020, represent a credit loss. Total gross unrealized losses were primarily attributable to change in market conditions. On a quarterly basis the investment securities are evaluated for changes in financial condition of the issuer. Based upon ASB’s evaluation, all securities held within the investment portfolio continue to be investment grade by one or more agencies. The contractual cash flows of the U.S. Treasury, federal agency obligations and agency mortgage-backed securities are backed by the full faith and credit guaranty of the United States government or an agency of the government. ASB does not intend to sell the securities before the recovery of its amortized cost basis and there have been no adverse changes in the timing of the contractual cash flows for the securities. ASB’s investment securities portfolio did not require an allowance for credit losses at June 30, 2020. U.S. Treasury, federal agency obligations, corporate bonds, and mortgage revenue bonds have contractual terms to maturity. Mortgage-backed securities have contractual terms to maturity, but require periodic payments to reduce principal. In addition, expected maturities will differ from contractual maturities because borrowers have the right to prepay the underlying mortgages. The contractual maturities of investment securities were as follows: June 30, 2020 Amortized cost Fair value (in thousands) Available-for-sale Due in one year or less $ 65,330 $ 65,776 Due after one year through five years 44,570 46,378 Due after five years through ten years 33,462 35,067 Due after ten years 15,427 15,427 158,789 162,648 Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies 1,201,796 1,226,985 Total available-for-sale securities $ 1,360,585 $ 1,389,633 Held-to-maturity Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies $ 124,623 $ 131,131 Total held-to-maturity securities $ 124,623 $ 131,131 Proceeds from the sale of available-for-sale securities, which also included the sale of ASB’s entire Visa Class B restricted stock holdings, were $169.2 million for each of the three and six months ended June 30, 2020 and nil for each of the three and six months ended June 30, 2019. Gross realized gains were $9.3 million for each of the three and six months ended June 30, 2020 and nil for each of the three and six months ended June 30, 2019. Gross realized losses were nil for each of the three and six months ended June 30, 2020 and 2019. Tax expense on realized gains were $2.5 million for the three and six months ended June 30, 2020. Loans. The components of loans were summarized as follows: June 30, 2020 December 31, 2019 (in thousands) Real estate: Residential 1-4 family $ 2,123,226 $ 2,178,135 Commercial real estate 855,566 824,830 Home equity line of credit 1,065,264 1,092,125 Residential land 13,224 14,704 Commercial construction 92,904 70,605 Residential construction 10,759 11,670 Total real estate 4,160,943 4,192,069 Commercial 1,073,829 670,674 Consumer 216,030 257,921 Total loans 5,450,802 5,120,664 Deferred fees and discounts (12,985) 512 Allowance for credit losses (81,307) (53,355) Total loans, net $ 5,356,510 $ 5,067,821 ASB's policy is to require private mortgage insurance on all real estate loans when the loan-to-value ratio of the property exceeds 80% of the lower of the appraised value or purchase price at origination. For non-owner occupied residential property purchases, the loan-to-value ratio may not exceed 75% of the lower of the appraised value or purchase price at origination. Allowance for credit losses. The allowance for credit losses by portfolio segment were as follows: (in thousands) Residential Commercial real Home Residential land Commercial construction Residential construction Commercial loans Consumer loans Total Three months ended June 30, 2020 Allowance for credit losses: Beginning balance $ 4,476 $ 16,587 $ 6,225 $ 352 $ 3,446 $ 14 $ 12,977 $ 33,007 $ 77,084 Charge-offs (7) — — (343) — — (699) (6,331) (7,380) Recoveries 2 — — 5 — — 106 657 770 Provision (560) 4,513 (11) 342 1,311 — 1,484 3,754 10,833 Ending balance $ 3,911 $ 21,100 $ 6,214 $ 356 $ 4,757 $ 14 $ 13,868 $ 31,087 $ 81,307 Three months ended June 30, 2019 Allowance for credit losses: Beginning balance $ 1,911 $ 14,825 $ 6,493 $ 425 $ 2,843 $ 3 $ 10,814 $ 16,983 $ 54,297 Charge-offs (5) — (19) (4) — — (494) (5,102) (5,624) Recoveries 8 — 4 7 — — 1,281 764 2,064 Provision 101 986 403 109 (797) (1) 1,472 5,415 7,688 Ending balance $ 2,015 $ 15,811 $ 6,881 $ 537 $ 2,046 $ 2 $ 13,073 $ 18,060 $ 58,425 Six months ended June 30, 2020 Allowance for credit losses: Beginning balance, prior to adoption of ASU No. 2016-13 $ 2,380 $ 15,053 $ 6,922 $ 449 $ 2,097 $ 3 $ 10,245 $ 16,206 $ 53,355 Impact of adopting ASU No. 2016-13 2,150 208 (541) (64) 289 14 922 16,463 19,441 Charge-offs (7) — — (351) — — (1,068) (12,585) (14,011) Recoveries 55 — 6 14 — — 292 1,421 1,788 Provision (667) 5,839 (173) 308 2,371 (3) 3,477 9,582 20,734 Ending balance $ 3,911 $ 21,100 $ 6,214 $ 356 $ 4,757 $ 14 $ 13,868 $ 31,087 $ 81,307 Six months ended June 30, 2019 Allowance for credit losses: Beginning balance $ 1,976 $ 14,505 $ 6,371 $ 479 $ 2,790 $ 4 $ 9,225 $ 16,769 $ 52,119 Charge-offs (19) — (19) (4) — — (1,112) (10,661) (11,815) Recoveries 617 — 9 14 — — 1,461 1,462 3,563 Provision (559) 1,306 520 48 (744) (2) 3,499 10,490 14,558 Ending balance $ 2,015 $ 15,811 $ 6,881 $ 537 $ 2,046 $ 2 $ 13,073 $ 18,060 $ 58,425 December 31, 2019 Ending balance: individually evaluated for impairment $ 898 $ 2 $ 322 $ — $ — $ — $ 1,015 $ 454 $ 2,691 Ending balance: collectively evaluated for impairment $ 1,482 $ 15,051 $ 6,600 $ 449 $ 2,097 $ 3 $ 9,230 $ 15,752 $ 50,664 Financing Receivables: Ending balance $ 2,178,135 $ 824,830 $ 1,092,125 $ 14,704 $ 70,605 $ 11,670 $ 670,674 $ 257,921 $ 5,120,664 Ending balance: individually evaluated for impairment $ 15,600 $ 1,048 $ 12,073 $ 3,091 $ — $ — $ 8,418 $ 507 $ 40,737 Ending balance: collectively evaluated for impairment $ 2,162,535 $ 823,782 $ 1,080,052 $ 11,613 $ 70,605 $ 11,670 $ 662,256 $ 257,414 $ 5,079,927 Allowance for loan commitments. The allowance for loan commitments by portfolio segment were as follows: (in thousands) Home equity Commercial construction Commercial loans Total Three months ended June 30, 2020 Allowance for loan commitments: Beginning balance $ 300 $ 3,191 $ 309 $ 3,800 Provision — 4,309 (9) 4,300 Ending balance $ 300 $ 7,500 $ 300 $ 8,100 Six months ended June 30, 2020 Allowance for loan commitments: Beginning balance, prior to adoption of ASU No. 2016-13 $ 392 $ 931 $ 418 $ 1,741 Impact of adopting ASU No. 2016-13 (92) 1,745 (94) 1,559 Provision — 4,824 (24) 4,800 Ending balance $ 300 $ 7,500 $ 300 $ 8,100 Credit quality . ASB 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 its lending policies and procedures. The objectives of the loan review and grading procedures are to identify, in a timely manner, existing or emerging credit trends so that appropriate steps can be initiated to manage risk and avoid or minimize future losses. Loans subject to grading include commercial, commercial real estate and commercial construction loans. Each commercial and commercial real estate loan is assigned an Asset Quality Rating (AQR) reflecting the likelihood of repayment or orderly liquidation of that loan transaction pursuant to regulatory credit classifications: Pass, Special Mention, Substandard, Doubtful and Loss. The AQR is a function of the probability of default model rating, the loss given default and possible non-model factors which impact the ultimate collectability of the loan such as character of the business owner/guarantor, interim period performance, litigation, tax liens and major changes in business and economic conditions. Pass exposures generally are well protected by the current net worth and paying capacity of the obligor or by the value of the asset or underlying collateral. Special Mention loans have potential weaknesses that, if left uncorrected, could jeopardize the liquidation of the debt. Substandard loans have well-defined weaknesses that jeopardize the liquidation of the debt and are characterized by the distinct possibility that ASB may sustain some loss. An asset classified Doubtful has the weaknesses of those classified Substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. An asset classified Loss is considered uncollectible and has such little value that its continuance as a bankable asset is not warranted. The credit risk profile by vintage date based on payment activity or internally assigned grade for loans was as follows: Term Loans by Origination Year Revolving Loans (in thousands) 2020 2019 2018 2017 2016 Prior Revolving Converted to term loans Total June 30, 2020 Residential 1-4 family Current $ 176,536 $ 272,951 $ 165,584 $ 258,111 $ 215,920 $ 1,029,434 $ — $ — $ 2,118,536 30-59 days past due — — — — — 2,192 — — 2,192 60-89 days past due — — — — — 606 — — 606 Greater than 89 days past due — — — 353 — 1,539 — — 1,892 176,536 272,951 165,584 258,464 215,920 1,033,771 — — 2,123,226 Home equity line of credit Current — — — — — — 1,027,589 33,797 1,061,386 30-59 days past due — — — — — — 790 312 1,102 60-89 days past due — — — — — — 408 175 583 Greater than 89 days past due — — — — — — 1,358 835 2,193 — — — — — — 1,030,145 35,119 1,065,264 Residential land Current 2,095 4,975 2,024 2,041 22 2,067 — — 13,224 30-59 days past due — — — — — — — — — 60-89 days past due — — — — — — — — — Greater than 89 days past due — — — — — — — — — 2,095 4,975 2,024 2,041 22 2,067 — — 13,224 Residential construction Current 2,725 5,034 974 2,026 — — — — 10,759 30-59 days past due — — — — — — — — — 60-89 days past due — — — — — — — — — Greater than 89 days past due — — — — — — — — — 2,725 5,034 974 2,026 — — — — 10,759 Consumer Current 25,186 87,908 53,640 14,851 1,602 505 21,691 3,062 208,445 30-59 days past due 105 573 583 229 18 — 200 44 1,752 60-89 days past due 83 741 792 209 24 — 248 67 2,164 Greater than 89 days past due 95 1,258 1,172 483 73 — 424 164 3,669 25,469 90,480 56,187 15,772 1,717 505 22,563 3,337 216,030 Commercial real estate Pass 89,882 77,350 78,115 29,390 56,246 172,941 17,219 — 521,143 Special Mention 9,684 41,662 54,791 35,400 69,418 60,098 — — 271,053 Substandard — 488 1,930 605 3,669 56,678 — — 63,370 Doubtful — — — — — — — — — 99,566 119,500 134,836 65,395 129,333 289,717 17,219 — 855,566 Commercial construction Pass 6,933 13,458 29,873 — 7,472 — 14,060 — 71,796 Special Mention 819 — — 18,000 — — — — 18,819 Substandard — — — — — 2,289 — — 2,289 Doubtful — — — — — — — — — 7,752 13,458 29,873 18,000 7,472 2,289 14,060 — 92,904 Commercial Pass 450,699 154,672 94,309 33,771 13,876 38,911 92,475 14,868 893,581 Special Mention 6,593 29,695 4,759 10,578 38,970 20,813 44,521 11,222 167,151 Substandard 165 4,681 145 1,637 1,241 3,139 607 1,482 13,097 Doubtful — — — — — — — — — 457,457 189,048 99,213 45,986 54,087 62,863 137,603 27,572 1,073,829 Total loans $ 771,600 $ 695,446 $ 488,691 $ 407,684 $ 408,551 $ 1,391,212 $ 1,221,590 $ 66,028 $ 5,450,802 Revolving loans converted to term loans during the six months ended June 30, 2020 in the commercial, home equity line of credit and consumer portfolios was $13.7 million, $8.7 million, and $1.4 million, respectively. The credit risk profile based on payment activity for loans was as follows: (in thousands) 30-59 60-89 90 days or more past due Total Current Total Amortized cost> June 30, 2020 Real estate: Residential 1-4 family $ 2,192 $ 606 $ 1,892 $ 4,690 $ 2,118,536 $ 2,123,226 $ — Commercial real estate 642 — — 642 854,924 855,566 — Home equity line of credit 1,102 583 2,193 3,878 1,061,386 1,065,264 — Residential land — — — — 13,224 13,224 — Commercial construction — — 2,289 2,289 90,615 92,904 — Residential construction — — — — 10,759 10,759 — Commercial 461 575 452 1,488 1,072,341 1,073,829 — Consumer 1,752 2,164 3,669 7,585 208,445 216,030 — Total loans $ 6,149 $ 3,928 $ 10,495 $ 20,572 $ 5,430,230 $ 5,450,802 $ — December 31, 2019 Real estate: Residential 1-4 family $ 2,588 $ 290 $ 1,808 $ 4,686 $ 2,173,449 $ 2,178,135 $ — Commercial real estate — — — — 824,830 824,830 — Home equity line of credit 813 — 2,117 2,930 1,089,195 1,092,125 — Residential land — — 25 25 14,679 14,704 — Commercial construction — — — — 70,605 70,605 — Residential construction — — — — 11,670 11,670 — Commercial 1,077 311 172 1,560 669,114 670,674 — Consumer 4,386 3,257 2,907 10,550 247,371 257,921 — Total loans $ 8,864 $ 3,858 $ 7,029 $ 19,751 $ 5,100,913 $ 5,120,664 $ — The credit risk profile based on nonaccrual loans were as follows: (in thousands) June 30, 2020 December 31, 2019 With a Related ACL Without a Related ACL Total Total Real estate: Residential 1-4 family $ 7,584 $ 3,395 $ 10,979 $ 11,395 Commercial real estate 16,241 — 16,241 195 Home equity line of credit 6,249 1,616 7,865 6,638 Residential land — 413 413 448 Commercial construction — 2,289 2,289 — Residential construction — — — — Commercial 616 2,939 3,555 5,947 Consumer 5,637 — 5,637 5,113 Total nonaccrual loans $ 36,327 $ 10,652 $ 46,979 $ 29,736 The credit risk profile based on loans whose terms have been modified and accruing interest were as follows: (in thousands) June 30, 2020 December 31, 2019 Real estate: Residential 1-4 family $ 8,667 $ 9,869 Commercial real estate 1,016 853 Home equity line of credit 9,430 10,376 Residential land 2,007 2,644 Commercial construction — — Residential construction — — Commercial 3,203 2,614 Consumer 55 57 Total troubled debt restructured loans accruing interest $ 24,378 $ 26,413 ASB did not recognize interest on nonaccrual loans for the three and six months ended June 30, 2020. Troubled debt restructurings. A loan modification is deemed to be a TDR when the borrower is determined to be experiencing financial difficulties and ASB grants a concession it would not otherwise consider. The allowance for credit losses on TDR loans that do not share risk characteristics are individually evaluated based on the present value of expected future cash flows discounted at the loan’s effective original contractual rate or based on the fair value of collateral less cost to sell. The financial impact of the estimated loss is an increase to the allowance associated with the modified loan. When available information confirms that specific loans or portions thereof are uncollectible (confirmed losses), these amounts are charged off against the allowance for credit losses. Loan modifications that occurred during the first six months of 2020 and 2019 were as follows: Loans modified as a TDR Three months ended June 30, 2020 Six months ended June 30, 2020 (dollars in thousands) Number Outstanding recorded investment (as of period end) 1 Related allowance (as of period end) Number Outstanding recorded investment (as of period end) 1 Related allowance (as of period end) Troubled debt restructurings Real estate: Residential 1-4 family — $ — $ — 1 $ 147 $ 7 Commercial real estate — — — 2 16,430 4,301 Home equity line of credit 2 19 3 2 19 3 Residential land 2 330 — 2 330 — Commercial construction — — — — — — Residential construction — — — — — — Commercial — — — 4 751 275 Consumer — — — — — — 4 $ 349 $ 3 11 $ 17,677 $ 4,586 Three months ended June 30, 2019 Six months ended June 30, 2019 (dollars in thousands) Number Outstanding recorded investment (as of period end) 1 Related allowance (as of period end) Number Outstanding recorded investment (as of period end) 1 Related allowance (as of period end) Troubled debt restructurings Real estate: Residential 1-4 family 1 $ 469 $ 154 9 $ 1,501 $ 161 Commercial real estate — — — — — — Home equity line of credit 2 311 59 3 432 83 Residential land 2 825 — 2 825 — Commercial construction — — — — — — Residential construction — — — — — — Commercial 2 1,317 133 3 1,507 150 Consumer — — — — — — 7 $ 2,922 $ 346 17 $ 4,265 $ 394 1 T he period end balances reflect all paydowns and charge-offs since the modification period. TDRs fully paid off, charged-off, or foreclosed upon by period end are not included. There were no loans modified in TDRs that experienced a payment default of 90 days or more during the second quarter and first six months of 2020 and 2019. If a loan modified in a TDR subsequently defaults, ASB evaluates the loan for further impairment. Based on its evaluation, adjustments may be made in the allocation of the allowance or partial charge-offs may be taken to further write-down the carrying value of the loan. Commitments to lend additional funds to borrowers whose loan terms have been modified in a TDR totaled nil at June 30, 2020 and December 31, 2019. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides that a financial institution may elect to suspend the requirements under GAAP for certain loan modifications that would otherwise be categorized as a TDR and any related impairment for accounting purposes. In response to the COVID-19 pandemic, the Board of Governors of the FRB, the FDIC, the National Credit Union Administration, the OCC, and the Consumer Financial Protection Bureau, in consultation with the state financial regulators (collectively, the “agencies”) issued a joint interagency statement (issued March 22, 2020; revised statement issued April 7, 2020). Some of the provisions applicable to the Company include, but are not limited to accounting for loan modifications, past due reporting and nonaccrual status and charge-offs. Loan modifications that do not meet the conditions of the CARES Act may still qualify as a modification that does not need to be accounted for as a TDR. The agencies confirmed with the FASB staff that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief are not TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or insignificant delays in payment. Financial institutions are not expected to designate loans with deferrals granted due to COVID-19 as past due because of the deferral. A loan’s payment date is governed by the due date stipulated in the legal agreement. If a financial institution agrees to a payment deferral, these loans would not be considered past due during the period of the deferral. Lastly, during short-term COVID-19 modifications, these loans generally should not be reported as nonaccrual or as classified. Collateral-dependent loans. A loan is considered collateral-dependent when the borrower is experiencing financial difficulty and repayment of the loan is expected to be provided substantially through the operation or sale of the collateral. Loans considered collateral-dependent were as follows: June 30, 2020 Amortized cost Collateral type (in thousands) Real estate: Residential 1-4 family $ 1,795 Residential real estate property Home equity line of credit 1,387 Residential real estate property Commercial construction 2,289 Commercial real estate property Total real estate 5,471 Commercial 90 Business assets Total $ 5,561 ASB had $3.0 million and $3.5 million of consumer mortgage loans collateralized by residential real estate property that were in the process of foreclosure at June 30, 2020 and December 31, 2019, respectively. The credit risk profile by internally assigned grade for loans was as follows: December 31, 2019 (in thousands) Commercial Commercial Commercial Total Grade: Pass $ 756,747 $ 68,316 $ 621,657 $ 1,446,720 Special mention 4,451 — 29,921 34,372 Substandard 63,632 2,289 19,096 85,017 Doubtful — — — — Loss — — — — Total $ 824,830 $ 70,605 $ 670,674 $ 1,566,109 The total carrying amount and the total unpaid principal balance of impaired loans were as follows: December 31, 2019 Three months ended June 30, 2019 Six months ended June 30, 2019 (in thousands) Recorded Unpaid Related Average Interest Average Interest With no related allowance recorded Real estate: Residential 1-4 family $ 6,817 $ 7,207 $ — $ 8,993 $ 87 $ 8,492 $ 247 Commercial real estate 195 200 — — — — — Home equity line of credit 1,984 2,135 — 1,940 54 2,238 66 Residential land 3,091 3,294 — 2,280 24 2,158 50 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 1,948 2,285 — 4,626 — 4,299 — Consumer 2 2 — 31 — 31 — $ 14,037 $ 15,123 $ — $ 17,870 $ 165 $ 17,218 $ 363 With an allowance recorded Real estate: Residential 1-4 family $ 8,783 $ 8,835 $ 898 $ 8,440 $ 96 $ 8,417 $ 179 Commercial real estate 853 853 2 894 9 900 19 Home equity line of credit 10,089 10,099 322 11,665 152 11,743 282 Residential land — — — 79 — 54 — Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 6,470 6,470 1,015 10,997 30 7,874 56 Consumer 505 505 454 288 1 173 2 $ 26,700 $ 26,762 $ 2,691 $ 32,363 $ 288 $ 29,161 $ 538 Total Real estate: Residential 1-4 family $ 15,600 $ 16,042 $ 898 $ 17,433 $ 183 $ 16,909 $ 426 Commercial real estate 1,048 1,053 2 894 9 900 19 Home equity line of credit 12,073 12,234 322 13,605 206 13,981 348 Residential land 3,091 3,294 — 2,359 24 2,212 50 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 8,418 8,755 1,015 15,623 30 12,173 56 Consumer 507 507 454 319 1 204 2 $ 40,737 $ 41,885 $ 2,691 $ 50,233 $ 453 $ 46,379 $ 901 * Since loan was classified as impaired. Mortgage servicing rights (MSRs) . In its mortgage banking business, ASB sells residential mortgage loans to government-sponsored entities and other parties, who may issue securities backed by pools of such loans. ASB retains no beneficial interests in these loans other than the servicing rights of certain loans sold. ASB received proceeds from the sale of residential mortgages of $186.8 million and $64.7 million for the three months ended June 30, 2020 and 2019, respectively, and $259.3 million and $89.6 million for the six months ended June 30, 2020 and 2019, respectively, and recognized gains on such sales of $6.3 million and $1.0 million for the three months ended June 30, 2020 and 2019, respectively, and $8.3 million and $1.6 million for the six months ended June 30, 2020 and 2019, respectively. There were no repurchased mortgage loans for the three and six months ended June 30, 2020 and 2019. The repurchase reserve was $0.1 million as of June 30, 2020 and 2019. Mortgage servicing fees, a component of other income, net, were $0.8 million for the three months ended June 30, 2020 and 2019, respectively and $1.6 million and $1.5 million for the six months ended June 30, 2020 and 2019, respectively. Changes in the carrying value of MSRs were as follows: (in thousands) Gross carrying amount 1 Accumulated amortization Valuation allowance Net June 30, 2020 $ 23,904 $ (13,993) $ (264) $ 9,647 December 31, 2019 21,543 (12,442) — 9,101 1 Reflects impact of loans paid in full Changes related to MSRs were as follows: Three months ended June 30, Six months ended June 30 (in thousands) 2020 2019 2020 2019 Mortgage servicing rights Beginning balance $ 9,120 $ 7,897 $ 9,101 $ 8,062 Amount capitalized 1,726 632 2,362 862 Amortization (935) (426) (1,552) (821) Other-than-temporary impairment — — — — Carrying amount before valuation allowance 9,911 8,103 9,911 8,103 Valuation allowance for mortgage servicing rights Beginning balance — — — — Provision (recovery) 264 — 264 — Other-than-temporary impairment — — — — Ending balance 264 — 264 — Net carrying value of mortgage servicing rights $ 9,647 $ 8,103 $ 9,647 $ 8,103 ASB capitalizes MSRs acquired upon the sale of mortgage loans with servicing rights retained. On a monthly basis, ASB compares the net carrying value of the MSRs to its fair value to determine if there are any changes to the valuation allowance and/or other-than-temporary impairment for the MSRs. ASB uses a present value cash flow model to estimate the fair value of MSRs. Impairment is recognized through a valuation allowance for each stratum when the carrying amount exceeds fair value, with any associated provision recorded as a component of loan servicing fees included in “Revenues - bank” in the consolidated statements of income. A direct write-down is recorded when the recoverability of the valuation allowance is deemed to be unrecoverable. Key assumptions used in estimating the fair value of ASB’s MSRs used in the impairment analysis were as follows: (dollars in thousands) June 30, 2020 December 31, 2019 Unpaid principal balance $ 1,360,920 $ 1,276,437 Weighted average note rate 3.87 % 3.96 % Weighted average discount rate 9.3 % 9.3 % Weighted average prepayment speed 16.9 % 11.4 % The sensitivity analysis of fair value of MSRs to hypothetical adverse changes of 25 and 50 basis points in certain key assumptions was as follows: (dollars in thousands) June 30, 2020 December 31, 2019 Prepayment rate: 25 basis points adverse rate change $ (539) $ (950) 50 basis points adverse rate change (1,062) (1,947) Discount rate: 25 basis points adverse rate change (64) (102

Credit agreements

Credit agreements	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Credit agreements and changes in debt	Credit agreements and changes in debt HEI and Hawaiian Electric each entered into a separate agreement with a syndicate of eight financial institutions (the HEI Facility and Hawaiian Electric Facility, respectively, and together, the Credit Facilities), effective July 3, 2017, to amend and restate their respective previously existing revolving unsecured credit agreements. The $150 million HEI Facility and $200 million Hawaiian Electric Facility both terminate on June 30, 2022. No amounts under the Credit Facilities were outstanding as of June 30, 2020 and December 31, 2019. None of the facilities are collateralized. The Credit Facilities will be maintained to support each company’s respective short-term commercial paper program, but may be drawn on to meet each company’s respective working capital needs and general corporate purposes. On April 20, 2020, Hawaiian Electric closed on a $75 million 364-day revolving credit agreement (364-day Revolver) with a syndicate of four banks. Under the 364-day Revolver, draws bear interest at a floating rate at Hawaiian Electric’s option of either (i) a rate equal to an alternate base rate as defined in the agreement or (ii) a rate equal to an adjusted London interbank offered rate, as defined in the agreement, plus an applicable margin, requires annual fees for undrawn amounts, and terminates on April 19, 2021. The 364-day Revolver includes substantially the same financial covenant and customary representations and warranties, affirmative and negative covenants, and events of default (the occurrence of which may result in the loan outstanding becoming immediately due and payable) consistent with those in Hawaiian Electric’s existing, amended and restated revolving unsecured credit agreement. As of June 30, 2020, Hawaiian Electric had no amounts outstanding on this revolving credit agreement. On May 14, 2020, the Utilities issued, through a private placement pursuant to separate Note Purchase Agreements (the Note Purchase Agreements), the following unsecured senior notes bearing taxable interest (the Notes): Series 2020A Series 2020B Series 2020C Aggregate principal amount $80 million $60 million $20 million Fixed coupon interest rate Hawaiian Electric 3.31% 3.31% 3.96% Hawaii Electric Light 3.96% Maui Electric 3.31% 3.96% Maturity date Hawaiian Electric 5/1/2030 5/1/2030 5/1/2050 Hawaii Electric Light 5/1/2050 Maui Electric 5/1/2030 5/1/2050 Principal amount by company: Hawaiian Electric $50 million (Green Bond) $40 million $20 million Hawaii Electric Light $10 million — — Maui Electric $20 million 20 million — The Notes include substantially the same financial covenants and customary conditions as Hawaiian Electric’s credit agreement. Hawaiian Electric is also a party as guarantor under the Note Purchase Agreements entered into by Hawaii Electric Light and Maui Electric. All of the proceeds of the Notes were used by Hawaiian Electric, Hawaii Electric Light and Maui Electric to finance their capital expenditures and/or to reimburse funds used for the payment of capital expenditures. The Notes may be prepaid in whole or in part at any time at the prepayment price of the principal amount plus a “Make-Whole Amount.” On May 19, 2020, Hawaiian Electric paid off and terminated $100 million term loan credit agreement dated as of December 23, 2019. In addition, Hawaiian Electric entered into a 364-day, $50 million term loan credit agreement that matures

Shareholders' equity

Shareholders' equity	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Shareholders' equity	Shareholders’ equity Accumulated other comprehensive income/(loss) . Changes in the balances of each component of accumulated other comprehensive income/(loss) (AOCI) were as follows: HEI Consolidated Hawaiian Electric Consolidated (in thousands) Net unrealized gains (losses) on securities Unrealized gains (losses) on derivatives Retirement benefit plans AOCI AOCI-Retirement benefit plans Balance, December 31, 2019 $ 2,481 $ (1,613) $ (20,907) $ (20,039) $ (1,279) Current period other comprehensive income (loss) 18,783 (1,982) 1,079 17,880 51 Balance, June 30, 2020 $ 21,264 $ (3,595) $ (19,828) $ (2,159) $ (1,228) Balance, December 31, 2018 $ (24,423) $ (436) $ (25,751) $ (50,610) $ 99 Current period other comprehensive income (loss) 23,593 (1,063) 410 22,940 47 Balance, June 30, 2019 $ (830) $ (1,499) $ (25,341) $ (27,670) $ 146 Reclassifications out of AOCI were as follows: Amount reclassified from AOCI Three months ended June 30 Six months ended June 30 Affected line item in the (in thousands) 2020 2019 2020 2019 Statements of Income / Balance Sheets HEI consolidated Net realized gains on securities included in net income $ (1,638) $ — $ (1,638) $ — Gain on sale of investment securities, net Retirement benefit plans: Amortization of prior service credit and net losses recognized during the period in net periodic benefit cost 5,690 2,503 11,396 5,006 See Note 8 for additional details Impact of D&Os of the PUC included in regulatory assets (5,159) (2,298) (10,317) (4,596) See Note 8 for additional details Total reclassifications $ (1,107) $ 205 $ (559) $ 410 Hawaiian Electric consolidated Retirement benefit plans: Amortization of prior service credit and net losses recognized during the period in net periodic benefit cost $ 5,184 $ 2,321 $ 10,368 $ 4,643 See Note 8 for additional details Impact of D&Os of the PUC included in regulatory assets (5,159) (2,298) (10,317) (4,596) See Note 8 for additional details Total reclassifications $ 25 $ 23 $ 51 $ 47

Revenues

Revenues	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Revenue from contracts with customers. The following tables disaggregate revenues by major source, timing of revenue recognition, and segment: Three months ended June 30, 2020 Six months ended June 30, 2020 (in thousands) Electric utility Bank Other Total Electric utility Bank Other Total Revenues from contracts with customers Electric energy sales - residential $ 187,590 $ — $ — $ 187,590 $ 377,856 $ — $ — $ 377,856 Electric energy sales - commercial 159,874 — — 159,874 356,979 — — 356,979 Electric energy sales - large light and power 176,467 — — 176,467 392,687 — — 392,687 Electric energy sales - other 1,779 — — 1,779 5,237 — — 5,237 Bank fees — 7,211 — 7,211 — 18,767 — 18,767 Total revenues from contracts with customers 525,710 7,211 — 532,921 1,132,759 18,767 — 1,151,526 Revenues from other sources Regulatory revenue 2,826 — — 2,826 (12,478) — — (12,478) Bank interest and dividend income — 59,829 — 59,829 — 124,804 — 124,804 Other bank noninterest income — 7,674 — 7,674 — 10,881 — 10,881 Other 5,679 — 16 5,695 11,376 — 22 11,398 Total revenues from other sources 8,505 67,503 16 76,024 (1,102) 135,685 22 134,605 Total revenues $ 534,215 $ 74,714 $ 16 $ 608,945 $ 1,131,657 $ 154,452 $ 22 $ 1,286,131 Timing of revenue recognition Services/goods transferred at a point in time $ — $ 7,211 $ — $ 7,211 $ — $ 18,767 $ — $ 18,767 Services/goods transferred over time 525,710 — — 525,710 1,132,759 — — 1,132,759 Total revenues from contracts with customers $ 525,710 $ 7,211 $ — $ 532,921 $ 1,132,759 $ 18,767 $ — $ 1,151,526 Three months ended June 30, 2019 Six months ended June 30, 2019 (in thousands) Electric utility Bank Other Total Electric utility Bank Other Total Revenues from contracts with customers Electric energy sales - residential $ 195,868 $ — $ — $ 195,868 $ 371,613 $ — $ — $ 371,613 Electric energy sales - commercial 217,278 — — 217,278 404,686 — — 404,686 Electric energy sales - large light and power 231,869 — — 231,869 430,795 — — 430,795 Electric energy sales - other 3,774 — — 3,774 7,852 — — 7,852 Bank fees — 11,632 — 11,632 — 22,865 — 22,865 Total revenues from contracts with customers 648,789 11,632 — 660,421 1,214,946 22,865 — 1,237,811 Revenues from other sources Regulatory revenue (20,360) — — (20,360) (14,153) — — (14,153) Bank interest and dividend income — 66,155 — 66,155 — 134,643 — 134,643 Other bank noninterest income — 3,900 — 3,900 — 7,231 — 7,231 Other 5,355 — 14 5,369 11,486 — 82 11,568 Total revenues from other sources (15,005) 70,055 14 55,064 (2,667) 141,874 82 139,289 Total revenues $ 633,784 $ 81,687 $ 14 $ 715,485 $ 1,212,279 $ 164,739 $ 82 $ 1,377,100 Timing of revenue recognition Services/goods transferred at a point in time $ — $ 11,632 $ — $ 11,632 $ — $ 22,865 $ — $ 22,865 Services/goods transferred over time 648,789 — — 648,789 1,214,946 — — 1,214,946 Total revenues from contracts with customers $ 648,789 $ 11,632 $ — $ 660,421 $ 1,214,946 $ 22,865 $ — $ 1,237,811 There are no material contract assets or liabilities associated with revenues from contracts with customers existing at the beginning of the period or as of June 30, 2020. Accounts receivable and unbilled revenues related to contracts with customers represent an unconditional right to consideration since all performance obligations have been satisfied. These amounts are disclosed as accounts receivable and unbilled revenues, net on HEI’s condensed consolidated balance sheets and customer accounts receivable, net and accrued unbilled revenues, net on Hawaiian Electric’s condensed consolidated balance sheets. As of June 30, 2020, the Company had no material remaining performance obligations due to the nature of the Company’s contracts with its customers. For the Utilities, performance obligations are fulfilled as electricity is delivered to customers. For ASB, fees are recognized when a transaction is completed.

Retirement benefits

Retirement benefits	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Retirement benefits	Retirement benefits Defined benefit pension and other postretirement benefit plans information. For the first six months of 2020, the Company contributed $17 million ($17 million by the Utilities) to its pension and other postretirement benefit plans, compared to $24 million ($23 million by the Utilities) in the first six months of 2019. The Company’s current estimate of total contributions to its pension and other postretirement benefit plans in 2020 is $71 million ($70 million by the Utilities, $1 million by HEI and nil by ASB), compared to $49 million ($48 million by the Utilities, $1 million by HEI and nil by ASB) in 2019. In addition, the Company expects to pay directly $3 million ($1 million by the Utilities) of benefits in 2020, compared to $2 million ($1 million by the Utilities) paid in 2019. The components of net periodic pension costs (NPPC) and net periodic benefit costs (NPBC) for HEI consolidated and Hawaiian Electric consolidated were as follows: Three months ended June 30 Six months ended June 30 Pension benefits Other benefits Pension benefits Other benefits (in thousands) 2020 2019 2020 2019 2020 2019 2020 2019 HEI consolidated Service cost $ 18,362 $ 15,382 $ 631 $ 542 $ 36,725 $ 30,764 $ 1,262 $ 1,083 Interest cost 20,164 21,033 1,856 1,997 40,327 42,066 3,711 3,994 Expected return on plan assets (28,465) (27,999) (3,039) (3,086) (56,931) (55,997) (6,077) (6,172) Amortization of net prior period (gain)/cost 2 (11) (441) (452) 5 (22) (881) (904) Amortization of net actuarial (gains)/losses 8,058 3,839 51 (4) 16,115 7,678 101 (7) Net periodic pension/benefit cost (return) 18,121 12,244 (942) (1,003) 36,241 24,489 (1,884) (2,006) Impact of PUC D&Os 6,261 12,278 777 811 12,523 24,557 1,554 1,622 Net periodic pension/benefit cost (adjusted for impact of PUC D&Os) $ 24,382 $ 24,522 $ (165) $ (192) $ 48,764 $ 49,046 $ (330) $ (384) Hawaiian Electric consolidated Service cost $ 17,891 $ 15,001 $ 625 $ 538 $ 35,782 $ 30,002 $ 1,251 $ 1,075 Interest cost 18,715 19,414 1,781 1,918 37,430 38,828 3,563 3,835 Expected return on plan assets (26,857) (26,164) (2,990) (3,036) (53,712) (52,328) (5,980) (6,071) Amortization of net prior period (gain)/cost 3 2 (439) (451) 5 4 (879) (902) Amortization of net actuarial losses 7,369 3,576 51 — 14,737 7,152 102 — Net periodic pension/benefit cost (return) 17,121 11,829 (972) (1,031) 34,242 23,658 (1,943) (2,063) Impact of PUC D&Os 6,261 12,278 777 811 12,523 24,557 1,554 1,622 Net periodic pension/benefit cost (adjusted for impact of PUC D&Os) $ 23,382 $ 24,107 $ (195) $ (220) $ 46,765 $ 48,215 $ (389) $ (441) HEI consolidated recorded retirement benefits expense of $31 million ($29 million by the Utilities) in the first six months of 2020 and $29 million ($29 million by the Utilities) in the first six months of 2019 and charged the remaining net periodic benefit cost primarily to electric utility plant. The Utilities have implemented pension and OPEB tracking mechanisms under which all of their retirement benefit expenses (except for executive life and nonqualified pension plan expenses) determined in accordance with GAAP are recovered over time. Under the tracking mechanisms, any actual costs determined in accordance with GAAP that are over/under amounts allowed in rates are charged/credited to a regulatory asset/liability. The regulatory asset/liability for each utility will then be amortized over 5 years beginning with the respective utility’s next rate case. Defined contribution plans information. For the first six months of 2020 and 2019, the Company’s expenses for its defined contribution plans under the Hawaiian Electric Industries Retirement Savings Plan (HEIRSP) and the ASB 401(k) Plan were $3.7 million and $3.6 million, respectively, and cash contributions were $4.6 million and $4.9 million, respectively. For the first six months of 2020 and 2019, the Utilities’ expenses for its defined contribution plan under the HEIRSP were $1.4 million and $1.3 million, respectively, and cash contributions were $1.4 million and $1.3 million, respectively.

Share-based compensation

Share-based compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Share-based compensation	Share-based compensation Under the 2010 Equity and Incentive Plan, as amended, HEI can issue shares of common stock as incentive compensation to selected employees in the form of stock options, stock appreciation rights, restricted shares, restricted stock units, performance shares and other share-based and cash-based awards. The 2010 Equity and Incentive Plan (original EIP) was amended and restated effective March 1, 2014 (EIP) and an additional 1.5 million shares were added to the shares available for issuance under these programs. As of June 30, 2020, approximately 3.0 million shares remained available for future issuance under the terms of the EIP, assuming recycling of shares withheld to satisfy minimum statutory tax liabilities relating to EIP awards, including an estimated 0.7 million shares that could be issued upon the vesting of outstanding restricted stock units and the achievement of performance goals for awards outstanding under long-term incentive plans (assuming that such performance goals are achieved at maximum levels). Under the 2011 Nonemployee Director Stock Plan (2011 Director Plan), HEI can issue shares of common stock as compensation to nonemployee directors of HEI, Hawaiian Electric and ASB. In June 2019, an additional 300,000 shares were made available for issuance under the 2011 Director Plan. As of June 30, 2020, there were 274,163 shares remaining available for future issuance under the 2011 Director Plan. Share-based compensation expense and the related income tax benefit were as follows: Three months ended June 30 Six months ended June 30 (in millions) 2020 2019 2020 2019 HEI consolidated Share-based compensation expense 1 $ 2.4 $ 3.7 $ 4.1 $ 5.9 Income tax benefit 0.4 0.7 0.7 0.9 Hawaiian Electric consolidated Share-based compensation expense 1 0.4 1.1 1.2 1.8 Income tax benefit 0.1 0.2 0.2 0.3 1 For the three and six months ended June 30, 2020 and 2019, the Company has not capitalized any share-based compensation. Stock awards. HEI granted HEI common stock to nonemployee directors under the 2011 Director Plan as follows: Three months ended June 30 Six months ended June 30 (dollars in millions) 2020 2019 2020 2019 Shares granted 35,632 35,580 36,100 35,580 Fair value $ 1.3 $ 1.5 $ 1.3 $ 1.5 Income tax benefit 0.3 0.4 0.3 0.4 The number of shares issued to each nonemployee director of HEI, Hawaiian Electric and ASB is determined based on the closing price of HEI common stock on the grant date. Restricted stock units. Information about HEI’s grants of restricted stock units was as follows: Three months ended June 30 Six months ended June 30 2020 2019 2020 2019 Shares (1) Shares (1) Shares (1) Shares (1) Outstanding, beginning of period 203,441 $ 40.67 211,225 $ 35.28 207,641 $ 35.36 200,358 $ 33.05 Granted 916 37.90 — — 78,595 47.99 94,559 37.68 Vested — — — — (77,719) 34.19 (76,712) 32.61 Forfeited — — (2,600) 35.56 (4,160) 35.81 (9,580) 33.82 Outstanding, end of period 204,357 $ 40.65 208,625 $ 35.28 204,357 $ 40.65 208,625 $ 35.28 Total weighted-average grant-date fair value of shares granted (in millions) $ — $ — $ 3.8 $ 3.6 (1) Weighted-average grant-date fair value per share based on the average price of HEI common stock on the date of grant. For the first six months of 2020 and 2019, total restricted stock units and related dividends that vested had a fair value of $4.2 million and $3.2 million, respectively, and the related tax benefits were $0.7 million and $0.5 million, respectively. As of June 30, 2020, there was $6.9 million of total unrecognized compensation cost related to the nonvested restricted stock units. The cost is expected to be recognized over a weighted-average period of 2.9 years. Long-term incentive plan payable in stock. The 2018-2020, 2019-2021 and 2020-2022 long-term incentive plans (LTIP) provide for performance awards under the EIP of shares of HEI common stock based on the satisfaction of performance goals, including a market condition goal. The number of shares of HEI common stock that may be awarded is fixed on the date the grants are made, subject to the achievement of specified performance levels and calculated dividend equivalents. The potential payout varies from 0% to 200% of the number of target shares, depending on the achievement of the goals. The market condition goal is based on HEI’s total shareholder return (TSR) compared to the Edison Electric Institute Index over the relevant three LTIP linked to TSR . Information about HEI’s LTIP grants linked to TSR was as follows: Three months ended June 30 Six months ended June 30 2020 2019 2020 2019 Shares (1) Shares (1) Shares (1) Shares (1) Outstanding, beginning of period 90,616 $ 42.08 98,311 $ 39.61 96,402 $ 39.62 65,578 $ 38.81 Granted — — — — 24,630 48.62 34,647 41.07 Vested (issued or unissued and cancelled) — — — — (29,409) 39.51 — — Forfeited — — — — (1,007) 41.72 (1,914) 38.62 Outstanding, end of period 90,616 $ 42.08 98,311 $ 39.61 90,616 $ 42.08 98,311 $ 39.61 Total weighted-average grant-date fair value of shares granted (in millions) $ — $ — $ 1.2 $ 1.4 (1) Weighted-average grant-date fair value per share determined using a Monte Carlo simulation model. The grant date fair values of the shares were determined using a Monte Carlo simulation model utilizing actual information for the common shares of HEI and its peers for the period from the beginning of the performance period to the grant date and estimated future stock volatility and dividends of HEI and its peers over the remaining three three three The following table summarizes the assumptions used to determine the fair value of the LTIP awards linked to TSR and the resulting fair value of LTIP awards granted: 2020 2019 Risk-free interest rate 1.39 % 2.48 % Expected life in years 3 3 Expected volatility 13.1 % 15.8 % Range of expected volatility for Peer Group 13.6% to 95.4% 15.0% to 73.2% Grant date fair value (per share) $48.62 $41.07 For the six months ended June 30, 2020, total vested LTIP awards linked to TSR and related dividends had a fair value of $2.6 million and the related tax benefits were $0.4 million. There were no share-based LTIP awards linked to TSR with a vesting date in 2019. As of June 30, 2020, there was $1.9 million of total unrecognized compensation cost related to the nonvested performance awards payable in shares linked to TSR. The cost is expected to be recognized over a weighted-average period of 1.4 years. LTIP awards linked to other performance conditions . Information about HEI’s LTIP awards payable in shares linked to other performance conditions was as follows: Three months ended June 30 Six months ended June 30 2020 2019 2020 2019 Shares (1) Shares (1) Shares (1) Shares (1) Outstanding, beginning of period 336,344 $ 39.64 407,090 $ 35.12 403,768 $ 35.15 276,169 $ 33.80 Granted — — — — 98,522 48.10 138,580 37.68 Vested — — — — (135,804) 33.48 — — Increase above target (cancelled) (38,821) 34.12 — — (64,932) 34.12 — — Forfeited — — — — (4,031) 39.67 (7,659) 33.91 Outstanding, end of period 297,523 $ 40.37 407,090 $ 35.12 297,523 $ 40.37 407,090 $ 35.12 Total weighted-average grant-date fair value of shares granted (at target performance levels) (in millions) $ — $ — $ 4.7 $ 5.2 (1) Weighted-average grant-date fair value per share based on the average price of HEI common stock on the date of grant. For the six months ended June 30, 2020, total vested LTIP awards linked to other performance conditions and related dividends had a fair value of $7.6 million and the related tax benefits were $1.2 million. There were no share-based LTIP awards linked to other performance conditions with a vesting date in 2019. As of June 30, 2020, there was $6.8 million of total unrecognized compensation cost related to the nonvested shares linked to performance conditions other than TSR. The cost is expected to be recognized over a weighted-average period of 1.6 years.

Income taxes

Income taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income taxes	Income taxesThe Company’s and the Utilities’ effective tax rates (combined federal and state income tax rates) were 17% and 19%, respectively, for the six months ended June 30, 2020. These rates differed from the combined statutory rates, due primarily to the Utilities’ amortization of excess deferred income taxes related to the provision in the Tax Act that lowered the federal income tax rate from 35% to 21%, the tax benefits derived from the low income housing tax credit investments and the non-taxability of the bank-owned life insurance income. The Company’s and the Utilities’ effective tax rates were 19% and 21%, respectively, for the six months ended June 30, 2019.

Cash flows

Cash flows	6 Months Ended
	Jun. 30, 2020
Supplemental Cash Flow Elements [Abstract]
Cash flows	Cash flows Six months ended June 30 2020 2019 (in millions) Supplemental disclosures of cash flow information HEI consolidated Interest paid to non-affiliates, net of amounts capitalized $ 50 $ 53 Income taxes paid (including refundable credits) — 46 Income taxes refunded (including refundable credits) — 4 Hawaiian Electric consolidated Interest paid to non-affiliates 32 34 Income taxes paid (including refundable credits) — 46 Income taxes refunded (including refundable credits) — 4 Supplemental disclosures of noncash activities HEI consolidated Electric utility property, plant and equipment Estimated fair value of noncash contributions in aid of construction (investing) 3 1 Unpaid invoices and accruals for capital expenditures, balance, end of period (investing) 34 30 Reduction of long-term debt from funds previously transferred for repayment (financing) 82 — Right-of-use assets obtained in exchange for operating lease obligations (investing) 20 2 Common stock issued (gross) for director and executive/management compensation (financing) 1 16 5 Real estate transferred from property, plant and equipment to other assets held-for-sale (investing) — 9 Obligations to fund low income housing investments (investing) — 6 Hawaiian Electric consolidated Electric utility property, plant and equipment Estimated fair value of noncash contributions in aid of construction (investing) 3 1 Unpaid invoices and accruals for capital expenditures, balance, end of period (investing) 30 27 Reduction of long-term debt from funds previously transferred for repayment (financing) 82 — Right-of-use assets obtained in exchange for operating lease obligations (investing) 16 1 1 The amounts shown represent the market value of common stock issued for director and executive/management compensation and withheld to satisfy statutory tax liabilities.

Fair value measurements

Fair value measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair value measurements	Fair value measurements Fair value measurement and disclosure valuation methodology. The following are descriptions of the valuation methodologies used for assets and liabilities recorded at fair value and for estimating fair value for financial instruments not carried at fair value: Short-term borrowings—other than bank . The carrying amount of short-term borrowings approximated fair value because of the short maturity of these instruments. Investment securities . The fair value of ASB’s investment securities is determined quarterly through pricing obtained from independent third-party pricing services or from brokers not affiliated with the trade. Non-binding broker quotes are infrequent and generally occur for new securities that are settled close to the month-end pricing date. The third-party pricing vendors ASB uses for pricing its securities are reputable firms that provide pricing services on a global basis and have processes in place to ensure quality and control. The third-party pricing services use a variety of methods to determine the fair value of securities that fall under Level 2 of ASB’s fair value measurement hierarchy. Among the considerations are quoted prices for similar securities in an active market, yield spreads for similar trades, adjustments for liquidity, size, collateral characteristics, historic and generic prepayment speeds, and other observable market factors. To enhance the robustness of the pricing process, ASB will on a quarterly basis compare its standard third-party vendor’s price with that of another third-party vendor. If the prices are within an acceptable tolerance range, the price of the standard vendor will be accepted. If the variance is beyond the tolerance range, an evaluation will be conducted by ASB and a challenge to the price may be made. Fair value in such cases will be based on the value that best reflects the data and observable characteristics of the security. In all cases, the fair value used will have been independently determined by a third-party pricing vendor or non-affiliated broker. The fair value of the mortgage revenue bonds is estimated using a discounted cash flow model to calculate the present value of future principal and interest payments and, therefore is classified within Level 3 of the valuation hierarchy. Loans held for sale . Residential and commercial loans are carried at the lower of cost or market and are valued using market observable pricing inputs, which are derived from third party loan sales and, therefore, are classified within Level 2 of the valuation hierarchy. Loans held for investment . Fair value of loans held for investment is derived using a discounted cash flow approach which includes an evaluation of the underlying loan characteristics. The valuation model uses loan characteristics which includes product type, maturity dates and the underlying interest rate of the portfolio. This information is input into the valuation models along with various forecast valuation assumptions including prepayment forecasts, to determine the discount rate. These assumptions are derived from internal and third party sources. Since the valuation is derived from model-based techniques, ASB includes loans held for investment within Level 3 of the valuation hierarchy. Impaired loans . At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Fair value is determined primarily by using an income, cost or market approach and is normally provided through appraisals. Impaired loans carried at fair value generally receive specific allocations within the allowance for credit losses. For collateral-dependent loans, fair value is commonly based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments typically result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Generally, impaired loans are evaluated quarterly for additional impairment and adjusted accordingly. Real estate acquired in settlement of loans . Foreclosed assets are carried at fair value (less estimated costs to sell) and are generally based upon appraisals or independent market prices that are periodically updated subsequent to classification as real estate owned. Such adjustments typically result in a Level 3 classification of the inputs for determining fair value. ASB estimates the fair value of collateral-dependent loans and real estate owned using the sales comparison approach. Mortgage servicing rights . MSRs are capitalized at fair value based on market data at the time of sale and accounted for in subsequent periods at the lower of amortized cost or fair value. MSRs are evaluated for impairment at each reporting date. ASB's MSRs are stratified based on predominant risk characteristics of the underlying loans including loan type and note rate. For each stratum, fair value is calculated by discounting expected net income streams using discount rates that reflect industry pricing for similar assets. Expected net income streams are estimated based on industry assumptions regarding prepayment expectations and income and expenses associated with servicing residential mortgage loans for others. Impairment is recognized through a valuation allowance for each stratum when the carrying amount exceeds fair value, with any associated provision recorded as a component of loan servicing fees included in "Revenues - bank" in the consolidated statements of income. A direct write-down is recorded when the recoverability of the valuation allowance is deemed to be unrecoverable. ASB compares the fair value of MSRs to an estimated value calculated by an independent third-party. The third-party relies on both published and unpublished sources of market related assumptions and its own experience and expertise to arrive at a value. ASB uses the third-party value only to assess the reasonableness of its own estimate. Deposit liabilities . The fair value of fixed-maturity certificates of deposit was estimated by discounting the future cash flows using the rates currently offered for FHLB advances of similar remaining maturities. Deposit liabilities are classified in Level 2 of the valuation hierarchy. Other borrowings . For advances and repurchase agreements, fair value is estimated using quantitative discounted cash flow models that require the use of interest rate inputs that are currently offered for advances and repurchase agreements of similar remaining maturities. The majority of market inputs are actively quoted and can be validated through external sources, including broker market transactions and third party pricing services. Long-term debt—other than bank . Fair value of fixed-rate long-term debt—other than bank was obtained from third-party financial services providers based on the current rates offered for debt of the same or similar remaining maturities and from discounting the future cash flows using the current rates offered for debt of the same or similar risks, terms, and remaining maturities. The carrying amount of floating rate long-term debt—other than bank approximated fair value because of the short-term interest reset periods. Long-term debt—other than bank is classified in Level 2 of the valuation hierarchy. Interest rate lock commitments (IRLCs) . The estimated fair value of commitments to originate residential mortgage loans for sale is based on quoted prices for similar loans in active markets. IRLCs are classified as Level 2 measurements. Forward sales commitments . To be announced (TBA) mortgage-backed securities forward commitments are classified as Level 1, and consist of publicly-traded debt securities for which identical fair values can be obtained through quoted market prices in active exchange markets. The fair values of ASB’s mandatory delivery loan sale commitments are determined using quoted prices in the market place that are observable and are classified as Level 2 measurements. The following table presents the carrying or notional amount, fair value and placement in the fair value hierarchy of the Company’s financial instruments. For stock in Federal Home Loan Bank, the carrying amount is a reasonable estimate of fair value because it can only be redeemed at par. Estimated fair value (in thousands) Carrying or notional amount Quoted prices in Significant Significant Total June 30, 2020 Financial assets HEI consolidated Available-for-sale investment securities $ 1,389,633 $ — $ 1,360,806 $ 28,827 $ 1,389,633 Held-to-maturity investment securities 124,623 — 131,131 — 131,131 Stock in Federal Home Loan Bank 9,880 — 9,880 — 9,880 Loans, net 5,393,653 — 37,345 5,540,050 5,577,395 Mortgage servicing rights 9,647 — — 10,328 10,328 Derivative assets 70,190 — 2,341 — 2,341 Financial liabilities HEI consolidated Deposit liabilities 657,627 — 663,296 — 663,296 Short-term borrowings—other than bank 131,180 — 131,180 — 131,180 Other bank borrowings 124,975 — 124,966 — 124,966 Long-term debt, net—other than bank 2,070,224 — 2,427,374 — 2,427,374 Derivative liabilities 81,861 287 4,843 — 5,130 Hawaiian Electric consolidated Short-term borrowings 49,919 — 49,919 — 49,919 Long-term debt, net 1,574,955 — 1,895,365 — 1,895,365 December 31, 2019 Financial assets HEI consolidated Available-for-sale investment securities $ 1,232,826 $ — $ 1,204,229 $ 28,597 $ 1,232,826 Held-to-maturity investment securities 139,451 — 143,467 — 143,467 Stock in Federal Home Loan Bank 8,434 — 8,434 — 8,434 Loans, net 5,080,107 — 12,295 5,145,242 5,157,537 Mortgage servicing rights 9,101 — — 12,379 12,379 Derivative assets 25,179 — 300 — 300 Financial liabilities HEI consolidated Deposit liabilities 769,825 — 765,976 — 765,976 Short-term borrowings—other than bank 185,710 — 185,710 — 185,710 Other bank borrowings 115,110 — 115,107 — 115,107 Long-term debt, net—other than bank 1,964,365 — 2,156,927 — 2,156,927 Derivative liabilities 51,375 33 2,185 — 2,218 Hawaiian Electric consolidated Short-term borrowings 88,987 — 88,987 — 88,987 Long-term debt, net 1,497,667 — 1,670,189 — 1,670,189 Fair value measurements on a recurring basis. Assets and liabilities measured at fair value on a recurring basis were as follows: June 30, 2020 December 31, 2019 Fair value measurements using Fair value measurements using (in thousands) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Available-for-sale investment securities (bank segment) Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies $ — $ 1,226,985 $ — $ — $ 1,026,385 $ — U.S. Treasury and federal agency obligations — 102,414 — — 117,787 — Corporate bonds — 31,407 — — 60,057 — Mortgage revenue bonds — — 28,827 — — 28,597 $ — $ 1,360,806 $ 28,827 $ — $ 1,204,229 $ 28,597 Derivative assets Interest rate lock commitments (bank segment) 1 $ — $ 2,341 $ — $ — $ 297 $ — Forward commitments (bank segment) 1 — — — — 3 — $ — $ 2,341 $ — $ — $ 300 $ — Derivative liabilities Forward commitments (bank segment) 1 $ 287 $ — $ — $ 33 $ 12 $ — Interest rate swap (Other segment) 2 — 4,843 — — 2,173 — $ 287 $ 4,843 $ — $ 33 $ 2,185 $ — 1 Derivatives are carried at fair value in other assets or other liabilities in the balance sheets with changes in value included in mortgage banking income. 2 Derivatives are included in other liabilities in the balance sheets. The changes in Level 3 assets and liabilities measured at fair value on a recurring basis were as follows: Three months ended June 30 Six months ended June 30 Mortgage revenue bonds 2020 2019 2020 2019 (in thousands) Beginning balance $ 28,726 $ 27,970 $ 28,597 $ 23,636 Principal payments received — — — — Purchases 101 196 230 4,530 Unrealized gain (loss) included in other comprehensive income — — — — Ending balance $ 28,827 $ 28,166 $ 28,827 $ 28,166 ASB holds two mortgage revenue bonds issued by the Department of Budget and Finance of the State of Hawaii. The Company estimates the fair value by using a discounted cash flow model to calculate the present value of estimated future principal and interest payments. The unobservable input used in the fair value measurement is the weighted average discount rate. As of June 30, 2020, the weighted average discount rate was 2.15%, which was derived by incorporating a credit spread over the one month LIBOR rate. Significant increases (decreases) in the weighted average discount rate could result in a significantly lower (higher) fair value measurement. Fair value measurements on a nonrecurring basis. Certain assets and liabilities are measured at fair value on a nonrecurring basis and therefore are not included in the tables above. These measurements primarily result from assets carried at the lower of cost or fair value or from impairment of individual assets. The carrying value of assets measured at fair value on a nonrecurring basis were as follows: Fair value measurements using (in thousands) Balance Level 1 Level 2 Level 3 June 30, 2020 Mortgage servicing rights $ 5,419 $ — $ — $ 5,419 December 31, 2019 Loans 25 — — 25 For the six months ended June 30, 2020 and 2019, there were no adjustments to fair value for ASB’s loans held for sale. The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis: Significant unobservable input value (1) ($ in thousands) Fair value Valuation technique Significant unobservable input Range Weighted June 30, 2020 Mortgage servicing rights $ 5,419 Discounted cash flow Prepayment Speed 13.9% - 18.4% 16.6 % Discount rate 9.3 % 9.3 % December 31, 2019 Residential land $ 25 Fair value of property or collateral Appraised value less 7% selling cost N/A (2) N/A (2) Total loans $ 25 (1) Represents percent of outstanding principal balance. (2) N/A - Not applicable. There is one asset in each fair value measurement type. Significant increases (decreases) in any of those inputs in isolation would result in significantly higher (lower) fair value measurements.

Basis of presentation (Policies

Basis of presentation (Policies)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent accounting pronouncements	Recent accounting pronouncements. Credit losses . In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” which replaces the incurred loss methodology with an expected loss methodology. The new methodology is referred to as the current expected credit loss (CECL) methodology and applies to financial assets subject to credit losses and measured at amortized cost and certain off-balance sheet credit exposures. This includes, but is not limited to loans, loan commitments and held-to-maturity securities. In addition, ASU No. 2016-13 amends the accounting for credit losses on available-for-sale (AFS) debt securities and purchased financial assets with credit deterioration. The other-than-temporary impairment model of accounting for credit losses on AFS debt securities has been replaced with an estimate of expected credit losses only when the fair value is below the amortized cost of the asset. The length of time the fair value of an AFS debt security has been below the amortized cost will no longer impact the determination of whether a credit loss exists. The AFS debt security model requires the use of an allowance to record the estimated losses (and subsequent recoveries). The Company adopted ASU No. 2016-13 The CECL models use a probability-of-default, loss given default and exposure at default methodology to estimate the expected credit losses. Within each model or calculation, loans are further segregated based on additional risk characteristics specific to that loan type, such as risk rating, FICO score, bankruptcy score, age of loan and collateral. The Company uses both internal and external historical data, as appropriate, and a blend of economic forecasts to estimate credit losses over a reasonable and supportable forecast period and then reverts to a longer-term historical loss experience to arrive at lifetime expected credit losses. The reversion period incorporates forward-looking expectations about repayments (including prepayments) as determined by the Company’s asset liability management system. The allowance for credit losses (ACL) is a material estimate of the Company. As a result of the change from an incurred loss model to a methodology that considers the credit loss over the expected life of the loan, on January 1, 2020, the Company recorded an adjustment of $21 million to increase the ACL, including a $2 million increase in the allowance for loan commitments, with a corresponding adjustment to reduce retained earnings by $15 million on an after-tax basis . The ACL is based on the composition, characteristics and quality of the loans and off balance sheet credit exposures as well as the prevailing economic conditions as of the adoption date. The increase in the ACL primarily relates to required reserves for residential mortgages and consumer loans, due to the requirement to estimate lifetime expected credit losses, with lower ACL requirements for commercial and commercial real estate loans due to their short-term nature. Based on the credit quality of the Company’s existing held-to-maturity and AFS investment securities portfolio, the Company did not recognize an ACL at adoption for those investments. The adoption of the new standard did not have a material impact to the Utilities’ customer and other accounts receivables and accrued unbilled revenue. Results for reporting periods beginning after January 1, 2020 are presented under ASU No. 2016-13 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The table below summarizes the impact of the Company’s adoption of ASU No. 2016-13. January 1, 2020 (in thousands) Pre-ASU No. 2016-13 adoption Impact of ASU No. 2016-13 As reported under ASU No. 2016-13 HEI consolidated Loans held for investments, net 1 $ 5,067,821 $ (19,441) $ 5,048,380 Total assets $ 13,745,251 $ (19,441) $ 13,725,810 Deferred income taxes $ 379,324 $ (5,628) $ 373,696 Other 1 583,545 1,559 585,104 Total liabilities 11,430,698 (4,069) 11,426,629 Retained earnings 622,042 (15,372) 606,670 Total shareholders’ equity 2,280,260 (15,372) 2,264,888 Total liabilities and shareholders’ equity $ 13,745,251 $ (19,441) $ 13,725,810 1 The allowance for credit losses is classified in “Loans held for investments, net,” and the allowance for loan commitments is classified in “Other” liabilities in the Company’s condensed consolidated balance sheets. Reference Rate Reform .
Troubled debt restructurings	Troubled debt restructurings. A loan modification is deemed to be a TDR when the borrower is determined to be experiencing financial difficulties and ASB grants a concession it would not otherwise consider. The allowance for credit losses on TDR loans that do not share risk characteristics are individually evaluated based on the present value of expected future cash flows discounted at the loan’s effective original contractual rate or based on the fair value of collateral less cost to sell. The financial impact of the estimated loss is an increase to the allowance associated with the modified loan. When available information confirms that specific loans or portions thereof are uncollectible (confirmed losses), these amounts are charged off against the allowance for credit losses.

Basis of presentation (Tables)

Basis of presentation (Tables)	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of impact of adoption of new accounting principle	The table below summarizes the impact of the Company’s adoption of ASU No. 2016-13. January 1, 2020 (in thousands) Pre-ASU No. 2016-13 adoption Impact of ASU No. 2016-13 As reported under ASU No. 2016-13 HEI consolidated Loans held for investments, net 1 $ 5,067,821 $ (19,441) $ 5,048,380 Total assets $ 13,745,251 $ (19,441) $ 13,725,810 Deferred income taxes $ 379,324 $ (5,628) $ 373,696 Other 1 583,545 1,559 585,104 Total liabilities 11,430,698 (4,069) 11,426,629 Retained earnings 622,042 (15,372) 606,670 Total shareholders’ equity 2,280,260 (15,372) 2,264,888 Total liabilities and shareholders’ equity $ 13,745,251 $ (19,441) $ 13,725,810 1 The allowance for credit losses is classified in “Loans held for investments, net,” and the allowance for loan commitments is classified in “Other” liabilities in the Company’s condensed consolidated balance sheets.

Segment financial information (

Segment financial information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Schedule of segment financial information	(in thousands) Electric utility Bank Other Total Three months ended June 30, 2020 Revenues from external customers $ 534,206 $ 74,714 $ 25 $ 608,945 Intersegment revenues (eliminations) 9 — (9) — Revenues $ 534,215 $ 74,714 $ 16 $ 608,945 Income (loss) before income taxes $ 53,027 $ 17,334 $ (10,131) $ 60,230 Income taxes (benefit) 10,199 3,320 (2,649) 10,870 Net income (loss) 42,828 14,014 (7,482) 49,360 Preferred stock dividends of subsidiaries 499 — (26) 473 Net income (loss) for common stock $ 42,329 $ 14,014 $ (7,456) $ 48,887 Six months ended June 30, 2020 Revenues from external customers $ 1,131,636 $ 154,452 $ 43 $ 1,286,131 Intersegment revenues (eliminations) 21 — (21) — Revenues $ 1,131,657 $ 154,452 $ 22 $ 1,286,131 Income (loss) before income taxes $ 82,713 $ 36,303 $ (19,090) $ 99,926 Income taxes (benefit) 15,481 6,528 (5,336) 16,673 Net income (loss) 67,232 29,775 (13,754) 83,253 Preferred stock dividends of subsidiaries 998 — (52) 946 Net income (loss) for common stock $ 66,234 $ 29,775 $ (13,702) $ 82,307 Total assets (at June 30, 2020) $ 6,332,007 $ 8,019,665 $ 129,028 $ 14,480,700 Three months ended June 30, 2019 Revenues from external customers $ 633,771 $ 81,687 $ 27 $ 715,485 Intersegment revenues (eliminations) 13 — (13) — Revenues $ 633,784 $ 81,687 $ 14 $ 715,485 Income (loss) before income taxes $ 40,817 $ 21,292 $ (9,415) $ 52,694 Income taxes (benefit) 7,744 4,276 (2,311) 9,709 Net income (loss) 33,073 17,016 (7,104) 42,985 Preferred stock dividends of subsidiaries 499 — (26) 473 Net income (loss) for common stock $ 32,574 $ 17,016 $ (7,078) $ 42,512 Six months ended June 30, 2019 Revenues from external customers $ 1,212,253 $ 164,739 $ 108 $ 1,377,100 Intersegment revenues (eliminations) 26 — (26) — Revenues $ 1,212,279 $ 164,739 $ 82 $ 1,377,100 Income (loss) before income taxes $ 82,676 $ 47,454 $ (19,397) $ 110,733 Income taxes (benefit) 16,978 9,599 (4,990) 21,587 Net income (loss) 65,698 37,855 (14,407) 89,146 Preferred stock dividends of subsidiaries 998 — (52) 946 Net income (loss) for common stock $ 64,700 $ 37,855 $ (14,355) $ 88,200 Total assets (at December 31, 2019) $ 6,388,682 $ 7,233,017 $ 123,552 $ 13,745,251

Electric utility segment (Table

Electric utility segment (Tables)	6 Months Ended
	Jun. 30, 2020
Regulatory Projects and Legal Obligations [Line Items]
Schedule of condensed consolidating statements of income (loss)	Statements of Income and Comprehensive Income Data Three months ended June 30, Six months ended June 30 (in thousands) 2020 2019 2020 2019 Interest and dividend income Interest and fees on loans $ 53,541 $ 58,620 $ 109,086 $ 116,480 Interest and dividends on investment securities 6,288 7,535 15,718 18,163 Total interest and dividend income 59,829 66,155 124,804 134,643 Interest expense Interest on deposit liabilities 3,071 4,287 6,658 8,539 Interest on other borrowings 75 411 388 939 Total interest expense 3,146 4,698 7,046 9,478 Net interest income 56,683 61,457 117,758 125,165 Provision for credit losses 15,133 7,688 25,534 14,558 Net interest income after provision for credit losses 41,550 53,769 92,224 110,607 Noninterest income Fees from other financial services 3,102 4,798 7,673 9,360 Fee income on deposit liabilities 2,897 5,004 8,010 10,082 Fee income on other financial products 1,212 1,830 3,084 3,423 Bank-owned life insurance 1,673 2,390 2,467 4,649 Mortgage banking income 6,252 976 8,252 1,590 Gain on sale of investment securities, net 9,275 — 9,275 — Other income, net (251) 534 162 992 Total noninterest income 24,160 15,532 38,923 30,096 Noninterest expense Compensation and employee benefits 25,079 25,750 50,856 51,262 Occupancy 5,442 5,479 10,709 10,149 Data processing 3,849 3,852 7,686 7,590 Services 2,474 2,606 5,283 5,032 Equipment 2,290 2,189 4,629 4,253 Office supplies, printing and postage 1,049 1,663 2,390 3,023 Marketing 379 1,323 1,181 2,313 FDIC insurance 751 628 853 1,254 Other expense 1 7,063 4,519 11,257 8,373 Total noninterest expense 48,376 48,009 94,844 93,249 Income before income taxes 17,334 21,292 36,303 47,454 Income taxes 3,320 4,276 6,528 9,599 Net income 14,014 17,016 29,775 37,855 Other comprehensive income (loss), net of taxes (280) 14,275 19,567 20,527 Comprehensive income $ 13,734 $ 31,291 $ 49,342 $ 58,382 1 The three- and six-month periods ended June 30, 2020 include approximately $3.7 million and $3.8 million, respectively, of certain significant direct and incremental COVID-19 related costs. These costs, which have been recorded in Other expense , include $2.3 million of compensation expense and $1.1 million of enhanced cleaning and sanitation costs. Reconciliation to amounts per HEI Condensed Consolidated Statements of Income*: Three months ended June 30, Six months ended June 30 (in thousands) 2020 2019 2020 2019 Interest and dividend income $ 59,829 $ 66,155 $ 124,804 $ 134,643 Noninterest income 24,160 15,532 38,923 30,096 Less: Gain on sale of investment securities, net (9,275) — (9,275) — *Revenues-Bank 74,714 81,687 154,452 164,739 Total interest expense 3,146 4,698 7,046 9,478 Provision for credit losses 15,133 7,688 25,534 14,558 Noninterest expense 48,376 48,009 94,844 93,249 Less: Retirement defined benefits gain (expense)—other than service costs (434) 40 (868) 80 *Expenses-Bank 66,221 60,435 126,556 117,365 *Operating income-Bank 8,493 21,252 27,896 47,374 Add back: Retirement defined benefits (gain) expense—other than service costs 434 (40) 868 (80) Add back: Gain on sale of investment securities, net (9,275) — (9,275) — Income before income taxes $ 17,334 $ 21,292 $ 36,303 $ 47,454
Schedule of condensed consolidating balance sheet	Balance Sheets Data (in thousands) June 30, 2020 December 31, 2019 Assets Cash and due from banks $ 140,968 $ 129,770 Interest-bearing deposits 365,996 48,628 Investment securities Available-for-sale, at fair value 1,389,633 1,232,826 Held-to-maturity, at amortized cost (fair value of $131,131 and $143,467, respectively) 124,623 139,451 Stock in Federal Home Loan Bank, at cost 9,880 8,434 Loans held for investment 5,437,817 5,121,176 Allowance for credit losses (81,307) (53,355) Net loans 5,356,510 5,067,821 Loans held for sale, at lower of cost or fair value 37,143 12,286 Other 512,722 511,611 Goodwill 82,190 82,190 Total assets $ 8,019,665 $ 7,233,017 Liabilities and shareholder’s equity Deposit liabilities—noninterest-bearing $ 2,422,042 $ 1,909,682 Deposit liabilities—interest-bearing 4,607,910 4,362,220 Other borrowings 124,975 115,110 Other 158,344 146,954 Total liabilities 7,313,271 6,533,966 Commitments and contingencies Common stock 1 1 Additional paid-in capital 350,826 349,453 Retained earnings 344,662 358,259 Accumulated other comprehensive income (loss), net of taxes Net unrealized gains on securities $ 21,264 $ 2,481 Retirement benefit plans (10,359) 10,905 (11,143) (8,662) Total shareholder’s equity 706,394 699,051 Total liabilities and shareholder’s equity $ 8,019,665 $ 7,233,017 Other assets Bank-owned life insurance $ 159,951 $ 157,465 Premises and equipment, net 203,217 204,449 Accrued interest receivable 23,381 19,365 Mortgage-servicing rights 9,647 9,101 Low-income housing investments 61,632 66,302 Real estate acquired in settlement of loans, net 43 — Other 54,851 54,929 $ 512,722 $ 511,611 Other liabilities Accrued expenses $ 40,382 $ 45,822 Federal and state income taxes payable 18,021 14,996 Cashier’s checks 25,284 23,647 Advance payments by borrowers 10,458 10,486 Other 64,199 52,003 $ 158,344 $ 146,954
Hawaiian Electric Company, Inc. and Subsidiaries
Regulatory Projects and Legal Obligations [Line Items]
Schedule of purchases from all IPPs	Purchases from all IPPs were as follows: Three months ended June 30 Six months ended June 30 (in millions) 2020 2019 2020 2019 Kalaeloa $ 34 $ 61 $ 72 $ 101 AES Hawaii 32 32 63 64 HPOWER 17 19 34 37 Hamakua Energy 11 18 24 34 Wind IPPs 25 23 53 43 Solar IPPs 17 8 28 15 Other IPPs 1 1 1 3 2 Total IPPs $ 137 $ 162 $ 277 $ 296
Schedule of net annual incremental amounts proposed to be collected (refunded)	The net annual incremental amounts to be collected (refunded) from June 1, 2020 through May 31, 2021 are as follows: (in millions) Hawaiian Electric Hawaii Electric Light Maui Electric Total 2020 Annual incremental RAM adjusted revenues $ 20.6 $ 3.2 $ 5.7 $ 29.5 Annual change in accrued RBA balance as of December 31, 2019 (and associated revenue taxes) which incorporates MPIR recovery (46.5) (9.9) (11.0) (67.4) Incremental Performance Incentive Mechanisms (net) 2.2 (0.1) (0.1) 2.0 Net annual incremental amount to be collected (refunded) under the tariffs $ (23.7) $ (6.8) $ (5.4) $ (35.9)
Schedule of condensed consolidating statements of income (loss)	Condensed Consolidating Statement of Income Three months ended June 30, 2020 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Consolidated Revenues $ 380,634 78,505 75,216 — (140) $ 534,215 Expenses Fuel oil 77,290 16,254 18,907 — — 112,451 Purchased power 108,946 15,846 12,046 — — 136,838 Other operation and maintenance 74,274 17,581 18,186 — — 110,041 Depreciation 37,860 9,761 8,075 — — 55,696 Taxes, other than income taxes 36,673 7,470 7,245 — — 51,388 Total expenses 335,043 66,912 64,459 — — 466,414 Operating income 45,591 11,593 10,757 — (140) 67,801 Allowance for equity funds used during construction 1,807 193 194 — — 2,194 Equity in earnings of subsidiaries 13,776 — — — (13,776) — Retirement defined benefits expense—other than service costs (546) 193 (29) — — (382) Interest expense and other charges, net (12,499) (2,533) (2,446) — 140 (17,338) Allowance for borrowed funds used during construction 626 62 64 — — 752 Income before income taxes 48,755 9,508 8,540 — (13,776) 53,027 Income taxes 6,156 2,196 1,847 10,199 Net income 42,599 7,312 6,693 — (13,776) 42,828 Preferred stock dividends of subsidiaries — 133 96 — 229 Net income attributable to Hawaiian Electric 42,599 7,179 6,597 — (13,776) 42,599 Preferred stock dividends of Hawaiian Electric 270 — — — — 270 Net income for common stock $ 42,329 7,179 6,597 — (13,776) $ 42,329 Condensed Consolidating Statement of Income Three months ended June 30, 2019 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Consolidated Revenues $ 450,020 89,916 94,050 — (202) $ 633,784 Expenses Fuel oil 125,431 19,941 36,248 — — 181,620 Purchased power 126,871 24,029 11,954 — — 162,854 Other operation and maintenance 78,551 18,031 22,678 — — 119,260 Depreciation 35,868 10,453 7,592 — — 53,913 Taxes, other than income taxes 42,590 8,706 9,147 — — 60,443 Total expenses 409,311 81,160 87,619 — — 578,090 Operating income 40,709 8,756 6,431 — (202) 55,694 Allowance for equity funds used during construction 2,614 218 343 — — 3,175 Equity in earnings of subsidiaries 8,086 — — — (8,086) — Retirement defined benefits expense—other than service costs (567) (105) (29) — — (701) Interest expense and other charges, net (13,390) (2,920) (2,422) — 202 (18,530) Allowance for borrowed funds used during construction 962 91 126 — — 1,179 Income before income taxes 38,414 6,040 4,449 — (8,086) 40,817 Income taxes 5,570 1,241 933 — — 7,744 Net income 32,844 4,799 3,516 — (8,086) 33,073 Preferred stock dividends of subsidiaries — 133 96 — — 229 Net income attributable to Hawaiian Electric 32,844 4,666 3,420 — (8,086) 32,844 Preferred stock dividends of Hawaiian Electric 270 — — — — 270 Net income for common stock $ 32,574 4,666 3,420 — (8,086) $ 32,574 Condensed Consolidating Statement of Income Six months ended June 30, 2020 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Revenues $ 801,800 167,798 162,414 — (355) $ 1,131,657 Expenses Fuel oil 197,825 38,686 49,161 — — 285,672 Purchased power 216,897 35,367 24,390 — — 276,654 Other operation and maintenance 159,911 36,685 40,992 — — 237,588 Depreciation 75,871 19,521 16,154 — — 111,546 Taxes, other than income taxes 77,174 15,812 15,452 — — 108,438 Total expenses 727,678 146,071 146,149 — — 1,019,898 Operating income 74,122 21,727 16,265 — (355) 111,759 Allowance for equity funds used during construction 3,550 312 347 — — 4,209 Equity in earnings of subsidiaries 22,580 — — — (22,580) — Retirement defined benefits expense—other than service costs (1,092) 387 (58) — — (763) Interest expense and other charges, net (24,501) (5,017) (4,769) — 355 (33,932) Allowance for borrowed funds used during construction 1,228 98 114 — — 1,440 Income before income taxes 75,887 17,507 11,899 — (22,580) 82,713 Income taxes 9,113 3,994 2,374 — — 15,481 Net income 66,774 13,513 9,525 — (22,580) 67,232 Preferred stock dividends of subsidiaries — 267 191 — — 458 Net income attributable to Hawaiian Electric 66,774 13,246 9,334 — (22,580) 66,774 Preferred stock dividends of Hawaiian Electric 540 — — — — 540 Net income for common stock $ 66,234 13,246 9,334 — (22,580) $ 66,234 Condensed Consolidating Statement of Income Six months ended June 30, 2019 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Revenues $ 855,689 177,121 179,703 — (234) $ 1,212,279 Expenses Fuel oil 234,353 40,783 67,093 — — 342,229 Purchased power 232,094 43,206 21,999 — — 297,299 Other operation and maintenance 159,729 36,767 40,894 — — 237,390 Depreciation 71,735 20,906 15,219 — — 107,860 Taxes, other than income taxes 81,221 16,811 17,215 — — 115,247 Total expenses 779,132 158,473 162,420 — — 1,100,025 Operating income 76,557 18,648 17,283 — (234) 112,254 Allowance for equity funds used during construction 5,061 350 674 — — 6,085 Equity in earnings of subsidiaries 19,935 — — — (19,935) — Retirement defined benefits expense—other than service costs (1,134) (211) (59) — — (1,404) Interest expense and other charges, net (26,190) (5,821) (4,739) — 234 (36,516) Allowance for borrowed funds used during construction 1,864 147 246 — — 2,257 Income before income taxes 76,093 13,113 13,405 — (19,935) 82,676 Income taxes 10,853 3,011 3,114 — — 16,978 Net income 65,240 10,102 10,291 — (19,935) 65,698 Preferred stock dividends of subsidiaries — 267 191 — — 458 Net income attributable to Hawaiian Electric 65,240 9,835 10,100 — (19,935) 65,240 Preferred stock dividends of Hawaiian Electric 540 — — — — 540 Net income for common stock $ 64,700 9,835 10,100 — (19,935) $ 64,700
Schedule of condensed consolidating statement of comprehensive income	Condensed Consolidating Statement of Comprehensive Income Three months ended June 30, 2020 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other Consolidating Hawaiian Electric Net income for common stock $ 42,329 7,179 6,597 — (13,776) $ 42,329 Other comprehensive income (loss), net of taxes: Retirement benefit plans: Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits 5,184 751 650 — (1,401) 5,184 Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes (5,159) (748) (653) — 1,401 (5,159) Other comprehensive income (loss), net of taxes 25 3 (3) — — 25 Comprehensive income attributable to common shareholder $ 42,354 7,182 6,594 — (13,776) $ 42,354 Condensed Consolidating Statement of Comprehensive Income Three months ended June 30, 2019 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other Consolidating Hawaiian Electric Net income for common stock $ 32,574 4,666 3,420 — (8,086) $ 32,574 Other comprehensive income (loss), net of taxes: Retirement benefit plans: Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits 2,321 352 289 — (641) 2,321 Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes (2,298) (351) (289) — 640 (2,298) Other comprehensive income, net of taxes 23 1 — — (1) 23 Comprehensive income attributable to common shareholder $ 32,597 4,667 3,420 — (8,087) $ 32,597 Condensed Consolidating Statement of Comprehensive Income Six months ended June 30, 2020 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Consolidated Net income for common stock $ 66,234 13,246 9,334 — (22,580) $ 66,234 Other comprehensive income (loss), net of taxes: Retirement benefit plans: Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits 10,368 1,499 1,302 — (2,801) 10,368 Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes (10,317) (1,495) (1,305) — 2,800 (10,317) Other comprehensive income (loss), net of taxes 51 4 (3) — (1) 51 Comprehensive income attributable to common shareholder $ 66,285 13,250 9,331 — (22,581) $ 66,285 Condensed Consolidating Statement of Comprehensive Income Six months ended June 30, 2019 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Consolidated Net income for common stock $ 64,700 9,835 10,100 — (19,935) $ 64,700 Other comprehensive income (loss), net of taxes: Retirement benefit plans: Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits 4,643 704 578 — (1,282) 4,643 Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes (4,596) (702) (578) — 1,280 (4,596) Other comprehensive income, net of taxes 47 2 — — (2) 47 Comprehensive income attributable to common shareholder $ 64,747 9,837 10,100 — (19,937) $ 64,747
Schedule of condensed consolidating balance sheet	Condensed Consolidating Balance Sheet June 30, 2020 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other Consoli- Hawaiian Electric Assets Property, plant and equipment Utility property, plant and equipment Land $ 42,389 5,606 3,612 — — $ 51,607 Plant and equipment 4,859,373 1,321,091 1,173,377 — — 7,353,841 Less accumulated depreciation (1,636,504) (586,351) (535,689) — — (2,758,544) Construction in progress 170,655 20,181 23,651 — — 214,487 Utility property, plant and equipment, net 3,435,913 760,527 664,951 — — 4,861,391 Nonutility property, plant and equipment, less accumulated depreciation 5,308 115 1,532 — — 6,955 Total property, plant and equipment, net 3,441,221 760,642 666,483 — — 4,868,346 Investment in wholly owned subsidiaries, at equity 599,198 — — — (599,198) — Current assets Cash and cash equivalents 55,170 4,594 4,130 101 — 63,995 Restricted cash 29,376 — — — — 29,376 Advances to affiliates 13,500 — — — (13,500) — Customer accounts receivable, net 97,615 21,422 19,001 — — 138,038 Accrued unbilled revenues, net 74,086 12,705 13,810 — — 100,601 Other accounts receivable, net 19,409 3,592 4,358 — (16,944) 10,415 Fuel oil stock, at average cost 30,477 14,965 15,037 — — 60,479 Materials and supplies, at average cost 38,475 10,116 17,653 — — 66,244 Prepayments and other 18,005 17,151 2,773 — — 37,929 Regulatory assets 16,846 2,598 1,842 — — 21,286 Total current assets 392,959 87,143 78,604 101 (30,444) 528,363 Other long-term assets Operating lease right-of-use assets 159,169 1,490 370 — — 161,029 Regulatory assets 460,493 104,707 96,084 — — 661,284 Other 76,482 16,915 19,588 — — 112,985 Total other long-term assets 696,144 123,112 116,042 — — 935,298 Total assets $ 5,129,522 970,897 861,129 101 (629,642) $ 6,332,007 Capitalization and liabilities Capitalization Common stock equity $ 2,060,069 304,088 295,009 101 (599,198) $ 2,060,069 Cumulative preferred stock—not subject to mandatory redemption 22,293 7,000 5,000 — — 34,293 Long-term debt, net 1,116,186 216,400 228,369 — — 1,560,955 Total capitalization 3,198,548 527,488 528,378 101 (599,198) 3,655,317 Current liabilities Current portion of operating lease liabilities 64,405 97 32 — — 64,534 Current portion of long-term debt — 14,000 — — — 14,000 Short-term borrowings from non-affiliates 49,919 — — — — 49,919 Short-term borrowings from affiliate — 12,000 1,500 — (13,500) — Accounts payable 79,071 14,408 13,599 — — 107,078 Interest and preferred dividends payable 14,580 3,349 2,736 — (6) 20,659 Taxes accrued 133,321 32,526 28,004 — — 193,851 Regulatory liabilities 11,467 7,401 7,199 — — 26,067 Other 55,378 17,181 16,070 — (16,938) 71,691 Total current liabilities 408,141 100,962 69,140 — (30,444) 547,799 Deferred credits and other liabilities Operating lease liabilities 100,833 1,394 343 — — 102,570 Deferred income taxes 261,044 52,485 57,523 — — 371,052 Regulatory liabilities 674,621 178,861 98,231 — — 951,713 Unamortized tax credits 84,885 15,773 14,348 — — 115,006 Defined benefit pension and other postretirement benefit plans liability 340,672 69,719 69,459 — — 479,850 Other 60,778 24,215 23,707 — — 108,700 Total deferred credits and other liabilities 1,522,833 342,447 263,611 — — 2,128,891 Total capitalization and liabilities $ 5,129,522 970,897 861,129 101 (629,642) $ 6,332,007 Condensed Consolidating Balance Sheet December 31, 2019 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other Consoli- Hawaiian Electric Assets Property, plant and equipment Utility property, plant and equipment Land $ 42,598 5,606 3,612 — — $ 51,816 Plant and equipment 4,765,362 1,313,727 1,161,199 — — 7,240,288 Less accumulated depreciation (1,591,241) (574,615) (524,301) — — (2,690,157) Construction in progress 165,137 9,993 17,944 — — 193,074 Utility property, plant and equipment, net 3,381,856 754,711 658,454 — — 4,795,021 Nonutility property, plant and equipment, less accumulated depreciation 5,310 114 1,532 — — 6,956 Total property, plant and equipment, net 3,387,166 754,825 659,986 — — 4,801,977 Investment in wholly owned subsidiaries, at equity 591,969 — — — (591,969) — Current assets Cash and cash equivalents 2,239 6,885 1,797 101 — 11,022 Restricted cash 30,749 123 — — — 30,872 Advances to affiliates 27,700 8,000 — — (35,700) — Customer accounts receivable, net 105,454 24,520 22,816 — — 152,790 Accrued unbilled revenues, net 83,148 17,071 17,008 — — 117,227 Other accounts receivable, net 18,396 1,907 1,960 — (10,695) 11,568 Fuel oil stock, at average cost 69,003 8,901 14,033 — — 91,937 Materials and supplies, at average cost 34,876 8,313 17,513 — — 60,702 Prepayments and other 88,334 3,725 24,921 — — 116,980 Regulatory assets 27,689 1,641 1,380 — — 30,710 Total current assets 487,588 81,086 101,428 101 (46,395) 623,808 Other long-term assets Operating lease right-of-use assets 174,886 1,537 386 — — 176,809 Regulatory assets 476,390 109,163 98,817 — — 684,370 Other 69,010 15,493 17,215 — — 101,718 Total other long-term assets 720,286 126,193 116,418 — — 962,897 Total assets $ 5,187,009 962,104 877,832 101 (638,364) $ 6,388,682 Capitalization and liabilities Capitalization Common stock equity $ 2,047,352 298,998 292,870 101 (591,969) $ 2,047,352 Cumulative preferred stock—not subject to mandatory redemption 22,293 7,000 5,000 — — 34,293 Long-term debt, net 1,006,737 206,416 188,561 — — 1,401,714 Total capitalization 3,076,382 512,414 486,431 101 (591,969) 3,483,359 Current liabilities Current portion of operating lease liabilities 63,582 94 31 — — 63,707 Current portion of long-term debt 61,958 13,995 20,000 — — 95,953 Short-term borrowings-non-affiliate 88,987 — — — — 88,987 Short-term borrowings-affiliate 8,000 — 27,700 — (35,700) — Accounts payable 139,056 25,629 23,085 — — 187,770 Interest and preferred dividends payable 14,759 3,115 2,900 — (46) 20,728 Taxes accrued 143,522 32,541 31,929 — — 207,992 Regulatory liabilities 13,363 9,454 7,907 — — 30,724 Other 51,295 11,362 15,297 — (10,649) 67,305 Total current liabilities 584,522 96,190 128,849 — (46,395) 763,166 Deferred credits and other liabilities Operating lease liabilities 111,598 1,442 360 — — 113,400 Deferred income taxes 265,864 53,534 57,752 — — 377,150 Regulatory liabilities 664,894 178,474 98,218 — — 941,586 Unamortized tax credits 86,852 16,196 14,820 — — 117,868 Defined benefit pension and other postretirement benefit plans liability 339,471 69,928 69,364 — — 478,763 Other 57,426 33,926 22,038 — — 113,390 Total deferred credits and other liabilities 1,526,105 353,500 262,552 — — 2,142,157 Total capitalization and liabilities $ 5,187,009 962,104 877,832 101 (638,364) $ 6,388,682
Schedule of condensed consolidating statement of changes in common stock equity	Condensed Consolidating Statement of Changes in Common Stock Equity Six months ended June 30, 2020 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other Consolidating Hawaiian Electric Balance, December 31, 2019 $ 2,047,352 298,998 292,870 101 (591,969) $ 2,047,352 Net income for common stock 66,234 13,246 9,334 — (22,580) 66,234 Other comprehensive income (loss), net of taxes 51 4 (3) — (1) 51 Common stock dividends (53,568) (8,160) (7,192) — 15,352 (53,568) Balance, June 30, 2020 $ 2,060,069 304,088 295,009 101 (599,198) $ 2,060,069 Condensed Consolidating Statement of Changes in Common Stock Equity Six months ended June 30, 2019 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other Consolidating Hawaiian Electric Balance, December 31, 2018 $ 1,957,641 295,874 280,863 101 (576,838) $ 1,957,641 Net income for common stock 64,700 9,835 10,100 — (19,935) 64,700 Other comprehensive income, net of taxes 47 2 — — (2) 47 Common stock dividends (50,626) (5,090) (7,534) — 12,624 (50,626) Common stock issuance expenses — (2) — — 2 — Balance, June 30, 2019 $ 1,971,762 300,619 283,429 101 (584,149) $ 1,971,762
Schedule of condensed consolidating statement of cash flows	Condensed Consolidating Statement of Cash Flows Six months ended June 30, 2020 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other Consolidating Hawaiian Electric Net cash provided by operating activities $ 154,967 20,307 21,601 — (15,407) $ 181,468 Cash flows from investing activities Capital expenditures (129,829) (30,785) (25,918) — — (186,532) Advances from affiliates 14,200 8,000 — — (22,200) — Other 4,354 552 480 — 55 5,441 Net cash used in investing activities (111,275) (22,233) (25,438) — (22,145) (181,091) Cash flows from financing activities Common stock dividends (53,568) (8,160) (7,192) — 15,352 (53,568) Preferred stock dividends of Hawaiian Electric and subsidiaries (540) (267) (191) — — (998) Proceeds from issuance of short-term debt 100,000 — — — — 100,000 Repayment of short-term debt (100,000) — — — — (100,000) Proceeds from issuance of long-term debt 205,000 10,000 40,000 — — 255,000 Repayment of long-term debt and funds transferred for repayment of long-term debt (95,000) (14,000) — — — (109,000) Net increase (decrease) in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less (46,987) 12,000 (26,200) — 22,200 (38,987) Other (1,039) (61) (247) — — (1,347) Net cash provided by financing activities 7,866 (488) 6,170 — 37,552 51,100 Net increase (decrease) in cash and cash equivalents 51,558 (2,414) 2,333 — — 51,477 Cash, cash equivalents and restricted cash, beginning of period 32,988 7,008 1,797 101 — 41,894 Cash, cash equivalents and restricted cash, end of period 84,546 4,594 4,130 101 — 93,371 Less: Restricted cash (29,376) — — — — (29,376) Cash and cash equivalents, end of period $ 55,170 4,594 4,130 101 — $ 63,995 Condensed Consolidating Statement of Cash Flows Six months ended June 30, 2019 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other Consolidating Hawaiian Electric Net cash provided by operating activities $ 84,427 16,406 12,607 — (12,624) $ 100,816 Cash flows from investing activities Capital expenditures (150,945) (18,083) (30,868) — — (199,896) Advances to affiliates (25,300) (5,000) — — 30,300 — Other 2,821 (280) (31) — — 2,510 Net cash used in investing activities (173,424) (23,363) (30,899) — 30,300 (197,386) Cash flows from financing activities Common stock dividends (50,626) (5,090) (7,534) — 12,624 (50,626) Preferred stock dividends of Hawaiian Electric and subsidiaries (540) (267) (191) — — (998) Proceeds from issuance of short-term debt 25,000 — — — — 25,000 Proceeds from issuance of long-term debt 30,000 10,000 10,000 — — 50,000 Repayment of long-term debt (31,546) (10,000) (10,000) — — (51,546) Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less 116,901 — 25,300 — (30,300) 111,901 Other 197 43 83 — — 323 Net cash provided by (used in) financing activities 89,386 (5,314) 17,658 — (17,676) 84,054 Net increase (decrease) in cash and cash equivalents 389 (12,271) (634) — — (12,516) Cash and cash equivalents, beginning of period 16,732 15,623 3,421 101 — 35,877 Cash and cash equivalents, end of period $ 17,121 3,352 2,787 101 — $ 23,361

Bank segment (Tables)

Bank segment (Tables)	6 Months Ended
	Jun. 30, 2020
Bank Subsidiary [Abstract]
Schedule of statements of income data	Statements of Income and Comprehensive Income Data Three months ended June 30, Six months ended June 30 (in thousands) 2020 2019 2020 2019 Interest and dividend income Interest and fees on loans $ 53,541 $ 58,620 $ 109,086 $ 116,480 Interest and dividends on investment securities 6,288 7,535 15,718 18,163 Total interest and dividend income 59,829 66,155 124,804 134,643 Interest expense Interest on deposit liabilities 3,071 4,287 6,658 8,539 Interest on other borrowings 75 411 388 939 Total interest expense 3,146 4,698 7,046 9,478 Net interest income 56,683 61,457 117,758 125,165 Provision for credit losses 15,133 7,688 25,534 14,558 Net interest income after provision for credit losses 41,550 53,769 92,224 110,607 Noninterest income Fees from other financial services 3,102 4,798 7,673 9,360 Fee income on deposit liabilities 2,897 5,004 8,010 10,082 Fee income on other financial products 1,212 1,830 3,084 3,423 Bank-owned life insurance 1,673 2,390 2,467 4,649 Mortgage banking income 6,252 976 8,252 1,590 Gain on sale of investment securities, net 9,275 — 9,275 — Other income, net (251) 534 162 992 Total noninterest income 24,160 15,532 38,923 30,096 Noninterest expense Compensation and employee benefits 25,079 25,750 50,856 51,262 Occupancy 5,442 5,479 10,709 10,149 Data processing 3,849 3,852 7,686 7,590 Services 2,474 2,606 5,283 5,032 Equipment 2,290 2,189 4,629 4,253 Office supplies, printing and postage 1,049 1,663 2,390 3,023 Marketing 379 1,323 1,181 2,313 FDIC insurance 751 628 853 1,254 Other expense 1 7,063 4,519 11,257 8,373 Total noninterest expense 48,376 48,009 94,844 93,249 Income before income taxes 17,334 21,292 36,303 47,454 Income taxes 3,320 4,276 6,528 9,599 Net income 14,014 17,016 29,775 37,855 Other comprehensive income (loss), net of taxes (280) 14,275 19,567 20,527 Comprehensive income $ 13,734 $ 31,291 $ 49,342 $ 58,382 1 The three- and six-month periods ended June 30, 2020 include approximately $3.7 million and $3.8 million, respectively, of certain significant direct and incremental COVID-19 related costs. These costs, which have been recorded in Other expense , include $2.3 million of compensation expense and $1.1 million of enhanced cleaning and sanitation costs. Reconciliation to amounts per HEI Condensed Consolidated Statements of Income*: Three months ended June 30, Six months ended June 30 (in thousands) 2020 2019 2020 2019 Interest and dividend income $ 59,829 $ 66,155 $ 124,804 $ 134,643 Noninterest income 24,160 15,532 38,923 30,096 Less: Gain on sale of investment securities, net (9,275) — (9,275) — *Revenues-Bank 74,714 81,687 154,452 164,739 Total interest expense 3,146 4,698 7,046 9,478 Provision for credit losses 15,133 7,688 25,534 14,558 Noninterest expense 48,376 48,009 94,844 93,249 Less: Retirement defined benefits gain (expense)—other than service costs (434) 40 (868) 80 *Expenses-Bank 66,221 60,435 126,556 117,365 *Operating income-Bank 8,493 21,252 27,896 47,374 Add back: Retirement defined benefits (gain) expense—other than service costs 434 (40) 868 (80) Add back: Gain on sale of investment securities, net (9,275) — (9,275) — Income before income taxes $ 17,334 $ 21,292 $ 36,303 $ 47,454
Schedule of statements of comprehensive income data	Statements of Income and Comprehensive Income Data Three months ended June 30, Six months ended June 30 (in thousands) 2020 2019 2020 2019 Interest and dividend income Interest and fees on loans $ 53,541 $ 58,620 $ 109,086 $ 116,480 Interest and dividends on investment securities 6,288 7,535 15,718 18,163 Total interest and dividend income 59,829 66,155 124,804 134,643 Interest expense Interest on deposit liabilities 3,071 4,287 6,658 8,539 Interest on other borrowings 75 411 388 939 Total interest expense 3,146 4,698 7,046 9,478 Net interest income 56,683 61,457 117,758 125,165 Provision for credit losses 15,133 7,688 25,534 14,558 Net interest income after provision for credit losses 41,550 53,769 92,224 110,607 Noninterest income Fees from other financial services 3,102 4,798 7,673 9,360 Fee income on deposit liabilities 2,897 5,004 8,010 10,082 Fee income on other financial products 1,212 1,830 3,084 3,423 Bank-owned life insurance 1,673 2,390 2,467 4,649 Mortgage banking income 6,252 976 8,252 1,590 Gain on sale of investment securities, net 9,275 — 9,275 — Other income, net (251) 534 162 992 Total noninterest income 24,160 15,532 38,923 30,096 Noninterest expense Compensation and employee benefits 25,079 25,750 50,856 51,262 Occupancy 5,442 5,479 10,709 10,149 Data processing 3,849 3,852 7,686 7,590 Services 2,474 2,606 5,283 5,032 Equipment 2,290 2,189 4,629 4,253 Office supplies, printing and postage 1,049 1,663 2,390 3,023 Marketing 379 1,323 1,181 2,313 FDIC insurance 751 628 853 1,254 Other expense 1 7,063 4,519 11,257 8,373 Total noninterest expense 48,376 48,009 94,844 93,249 Income before income taxes 17,334 21,292 36,303 47,454 Income taxes 3,320 4,276 6,528 9,599 Net income 14,014 17,016 29,775 37,855 Other comprehensive income (loss), net of taxes (280) 14,275 19,567 20,527 Comprehensive income $ 13,734 $ 31,291 $ 49,342 $ 58,382 1 The three- and six-month periods ended June 30, 2020 include approximately $3.7 million and $3.8 million, respectively, of certain significant direct and incremental COVID-19 related costs. These costs, which have been recorded in Other expense , include $2.3 million of compensation expense and $1.1 million of enhanced cleaning and sanitation costs. Reconciliation to amounts per HEI Condensed Consolidated Statements of Income*: Three months ended June 30, Six months ended June 30 (in thousands) 2020 2019 2020 2019 Interest and dividend income $ 59,829 $ 66,155 $ 124,804 $ 134,643 Noninterest income 24,160 15,532 38,923 30,096 Less: Gain on sale of investment securities, net (9,275) — (9,275) — *Revenues-Bank 74,714 81,687 154,452 164,739 Total interest expense 3,146 4,698 7,046 9,478 Provision for credit losses 15,133 7,688 25,534 14,558 Noninterest expense 48,376 48,009 94,844 93,249 Less: Retirement defined benefits gain (expense)—other than service costs (434) 40 (868) 80 *Expenses-Bank 66,221 60,435 126,556 117,365 *Operating income-Bank 8,493 21,252 27,896 47,374 Add back: Retirement defined benefits (gain) expense—other than service costs 434 (40) 868 (80) Add back: Gain on sale of investment securities, net (9,275) — (9,275) — Income before income taxes $ 17,334 $ 21,292 $ 36,303 $ 47,454
Schedule of balance sheets data	Balance Sheets Data (in thousands) June 30, 2020 December 31, 2019 Assets Cash and due from banks $ 140,968 $ 129,770 Interest-bearing deposits 365,996 48,628 Investment securities Available-for-sale, at fair value 1,389,633 1,232,826 Held-to-maturity, at amortized cost (fair value of $131,131 and $143,467, respectively) 124,623 139,451 Stock in Federal Home Loan Bank, at cost 9,880 8,434 Loans held for investment 5,437,817 5,121,176 Allowance for credit losses (81,307) (53,355) Net loans 5,356,510 5,067,821 Loans held for sale, at lower of cost or fair value 37,143 12,286 Other 512,722 511,611 Goodwill 82,190 82,190 Total assets $ 8,019,665 $ 7,233,017 Liabilities and shareholder’s equity Deposit liabilities—noninterest-bearing $ 2,422,042 $ 1,909,682 Deposit liabilities—interest-bearing 4,607,910 4,362,220 Other borrowings 124,975 115,110 Other 158,344 146,954 Total liabilities 7,313,271 6,533,966 Commitments and contingencies Common stock 1 1 Additional paid-in capital 350,826 349,453 Retained earnings 344,662 358,259 Accumulated other comprehensive income (loss), net of taxes Net unrealized gains on securities $ 21,264 $ 2,481 Retirement benefit plans (10,359) 10,905 (11,143) (8,662) Total shareholder’s equity 706,394 699,051 Total liabilities and shareholder’s equity $ 8,019,665 $ 7,233,017 Other assets Bank-owned life insurance $ 159,951 $ 157,465 Premises and equipment, net 203,217 204,449 Accrued interest receivable 23,381 19,365 Mortgage-servicing rights 9,647 9,101 Low-income housing investments 61,632 66,302 Real estate acquired in settlement of loans, net 43 — Other 54,851 54,929 $ 512,722 $ 511,611 Other liabilities Accrued expenses $ 40,382 $ 45,822 Federal and state income taxes payable 18,021 14,996 Cashier’s checks 25,284 23,647 Advance payments by borrowers 10,458 10,486 Other 64,199 52,003 $ 158,344 $ 146,954
Schedule of the book value and aggregate fair value by major security type	The major components of investment securities were as follows: Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair Gross unrealized losses Less than 12 months 12 months or longer (dollars in thousands) Number of issues Fair Amount Number of issues Fair Amount June 30, 2020 Available-for-sale U.S. Treasury and federal agency obligations $ 100,195 $ 2,219 $ — $ 102,414 — $ — $ — — $ — $ — Mortgage-backed securities* 1,201,796 25,469 (280) 1,226,985 6 96,296 (258) 1 1,803 (22) Corporate bonds 29,767 1,640 — 31,407 — — — — — — Mortgage revenue bonds 28,827 — — 28,827 — — — — $ 1,360,585 $ 29,328 $ (280) $ 1,389,633 6 $ 96,296 $ (258) 1 $ 1,803 $ (22) Held-to-maturity Mortgage-backed securities* $ 124,623 $ 6,508 $ — $ 131,131 — $ — $ — — $ — $ — $ 124,623 $ 6,508 $ — $ 131,131 — $ — $ — — $ — $ — December 31, 2019 Available-for-sale U.S. Treasury and federal agency obligations $ 117,255 $ 652 $ (120) $ 117,787 2 $ 4,110 $ (11) 3 $ 27,637 $ (109) Mortgage-backed securities* 1,024,892 6,000 (4,507) 1,026,385 19 152,071 (819) 75 318,020 (3,688) Corporate bonds 58,694 1,363 — 60,057 — — — — — — Mortgage revenue bonds 28,597 — — 28,597 — — — — — — $ 1,229,438 $ 8,015 $ (4,627) $ 1,232,826 21 $ 156,181 $ (830) 78 $ 345,657 $ (3,797) Held-to-maturity Mortgage-backed securities* $ 139,451 $ 4,087 $ (71) $ 143,467 1 $ 12,986 $ (71) — $ — $ — $ 139,451 $ 4,087 $ (71) $ 143,467 1 $ 12,986 $ (71) — $ — $ — * Issued or guaranteed by U.S. Government agencies or sponsored agencies
Schedule of contractual maturities of available-for-sale securities	The contractual maturities of investment securities were as follows: June 30, 2020 Amortized cost Fair value (in thousands) Available-for-sale Due in one year or less $ 65,330 $ 65,776 Due after one year through five years 44,570 46,378 Due after five years through ten years 33,462 35,067 Due after ten years 15,427 15,427 158,789 162,648 Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies 1,201,796 1,226,985 Total available-for-sale securities $ 1,360,585 $ 1,389,633 Held-to-maturity Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies $ 124,623 $ 131,131 Total held-to-maturity securities $ 124,623 $ 131,131
Schedule of components of loans receivable	The components of loans were summarized as follows: June 30, 2020 December 31, 2019 (in thousands) Real estate: Residential 1-4 family $ 2,123,226 $ 2,178,135 Commercial real estate 855,566 824,830 Home equity line of credit 1,065,264 1,092,125 Residential land 13,224 14,704 Commercial construction 92,904 70,605 Residential construction 10,759 11,670 Total real estate 4,160,943 4,192,069 Commercial 1,073,829 670,674 Consumer 216,030 257,921 Total loans 5,450,802 5,120,664 Deferred fees and discounts (12,985) 512 Allowance for credit losses (81,307) (53,355) Total loans, net $ 5,356,510 $ 5,067,821
Schedule of allowance for credit losses	The allowance for credit losses by portfolio segment were as follows: (in thousands) Residential Commercial real Home Residential land Commercial construction Residential construction Commercial loans Consumer loans Total Three months ended June 30, 2020 Allowance for credit losses: Beginning balance $ 4,476 $ 16,587 $ 6,225 $ 352 $ 3,446 $ 14 $ 12,977 $ 33,007 $ 77,084 Charge-offs (7) — — (343) — — (699) (6,331) (7,380) Recoveries 2 — — 5 — — 106 657 770 Provision (560) 4,513 (11) 342 1,311 — 1,484 3,754 10,833 Ending balance $ 3,911 $ 21,100 $ 6,214 $ 356 $ 4,757 $ 14 $ 13,868 $ 31,087 $ 81,307 Three months ended June 30, 2019 Allowance for credit losses: Beginning balance $ 1,911 $ 14,825 $ 6,493 $ 425 $ 2,843 $ 3 $ 10,814 $ 16,983 $ 54,297 Charge-offs (5) — (19) (4) — — (494) (5,102) (5,624) Recoveries 8 — 4 7 — — 1,281 764 2,064 Provision 101 986 403 109 (797) (1) 1,472 5,415 7,688 Ending balance $ 2,015 $ 15,811 $ 6,881 $ 537 $ 2,046 $ 2 $ 13,073 $ 18,060 $ 58,425 Six months ended June 30, 2020 Allowance for credit losses: Beginning balance, prior to adoption of ASU No. 2016-13 $ 2,380 $ 15,053 $ 6,922 $ 449 $ 2,097 $ 3 $ 10,245 $ 16,206 $ 53,355 Impact of adopting ASU No. 2016-13 2,150 208 (541) (64) 289 14 922 16,463 19,441 Charge-offs (7) — — (351) — — (1,068) (12,585) (14,011) Recoveries 55 — 6 14 — — 292 1,421 1,788 Provision (667) 5,839 (173) 308 2,371 (3) 3,477 9,582 20,734 Ending balance $ 3,911 $ 21,100 $ 6,214 $ 356 $ 4,757 $ 14 $ 13,868 $ 31,087 $ 81,307 Six months ended June 30, 2019 Allowance for credit losses: Beginning balance $ 1,976 $ 14,505 $ 6,371 $ 479 $ 2,790 $ 4 $ 9,225 $ 16,769 $ 52,119 Charge-offs (19) — (19) (4) — — (1,112) (10,661) (11,815) Recoveries 617 — 9 14 — — 1,461 1,462 3,563 Provision (559) 1,306 520 48 (744) (2) 3,499 10,490 14,558 Ending balance $ 2,015 $ 15,811 $ 6,881 $ 537 $ 2,046 $ 2 $ 13,073 $ 18,060 $ 58,425 December 31, 2019 Ending balance: individually evaluated for impairment $ 898 $ 2 $ 322 $ — $ — $ — $ 1,015 $ 454 $ 2,691 Ending balance: collectively evaluated for impairment $ 1,482 $ 15,051 $ 6,600 $ 449 $ 2,097 $ 3 $ 9,230 $ 15,752 $ 50,664 Financing Receivables: Ending balance $ 2,178,135 $ 824,830 $ 1,092,125 $ 14,704 $ 70,605 $ 11,670 $ 670,674 $ 257,921 $ 5,120,664 Ending balance: individually evaluated for impairment $ 15,600 $ 1,048 $ 12,073 $ 3,091 $ — $ — $ 8,418 $ 507 $ 40,737 Ending balance: collectively evaluated for impairment $ 2,162,535 $ 823,782 $ 1,080,052 $ 11,613 $ 70,605 $ 11,670 $ 662,256 $ 257,414 $ 5,079,927
Schedule of allowance for loan commitments	Allowance for loan commitments. The allowance for loan commitments by portfolio segment were as follows: (in thousands) Home equity Commercial construction Commercial loans Total Three months ended June 30, 2020 Allowance for loan commitments: Beginning balance $ 300 $ 3,191 $ 309 $ 3,800 Provision — 4,309 (9) 4,300 Ending balance $ 300 $ 7,500 $ 300 $ 8,100 Six months ended June 30, 2020 Allowance for loan commitments: Beginning balance, prior to adoption of ASU No. 2016-13 $ 392 $ 931 $ 418 $ 1,741 Impact of adopting ASU No. 2016-13 (92) 1,745 (94) 1,559 Provision — 4,824 (24) 4,800 Ending balance $ 300 $ 7,500 $ 300 $ 8,100
Schedule of credit risk profile by internally assigned grade for loans	The credit risk profile by vintage date based on payment activity or internally assigned grade for loans was as follows: Term Loans by Origination Year Revolving Loans (in thousands) 2020 2019 2018 2017 2016 Prior Revolving Converted to term loans Total June 30, 2020 Residential 1-4 family Current $ 176,536 $ 272,951 $ 165,584 $ 258,111 $ 215,920 $ 1,029,434 $ — $ — $ 2,118,536 30-59 days past due — — — — — 2,192 — — 2,192 60-89 days past due — — — — — 606 — — 606 Greater than 89 days past due — — — 353 — 1,539 — — 1,892 176,536 272,951 165,584 258,464 215,920 1,033,771 — — 2,123,226 Home equity line of credit Current — — — — — — 1,027,589 33,797 1,061,386 30-59 days past due — — — — — — 790 312 1,102 60-89 days past due — — — — — — 408 175 583 Greater than 89 days past due — — — — — — 1,358 835 2,193 — — — — — — 1,030,145 35,119 1,065,264 Residential land Current 2,095 4,975 2,024 2,041 22 2,067 — — 13,224 30-59 days past due — — — — — — — — — 60-89 days past due — — — — — — — — — Greater than 89 days past due — — — — — — — — — 2,095 4,975 2,024 2,041 22 2,067 — — 13,224 Residential construction Current 2,725 5,034 974 2,026 — — — — 10,759 30-59 days past due — — — — — — — — — 60-89 days past due — — — — — — — — — Greater than 89 days past due — — — — — — — — — 2,725 5,034 974 2,026 — — — — 10,759 Consumer Current 25,186 87,908 53,640 14,851 1,602 505 21,691 3,062 208,445 30-59 days past due 105 573 583 229 18 — 200 44 1,752 60-89 days past due 83 741 792 209 24 — 248 67 2,164 Greater than 89 days past due 95 1,258 1,172 483 73 — 424 164 3,669 25,469 90,480 56,187 15,772 1,717 505 22,563 3,337 216,030 Commercial real estate Pass 89,882 77,350 78,115 29,390 56,246 172,941 17,219 — 521,143 Special Mention 9,684 41,662 54,791 35,400 69,418 60,098 — — 271,053 Substandard — 488 1,930 605 3,669 56,678 — — 63,370 Doubtful — — — — — — — — — 99,566 119,500 134,836 65,395 129,333 289,717 17,219 — 855,566 Commercial construction Pass 6,933 13,458 29,873 — 7,472 — 14,060 — 71,796 Special Mention 819 — — 18,000 — — — — 18,819 Substandard — — — — — 2,289 — — 2,289 Doubtful — — — — — — — — — 7,752 13,458 29,873 18,000 7,472 2,289 14,060 — 92,904 Commercial Pass 450,699 154,672 94,309 33,771 13,876 38,911 92,475 14,868 893,581 Special Mention 6,593 29,695 4,759 10,578 38,970 20,813 44,521 11,222 167,151 Substandard 165 4,681 145 1,637 1,241 3,139 607 1,482 13,097 Doubtful — — — — — — — — — 457,457 189,048 99,213 45,986 54,087 62,863 137,603 27,572 1,073,829 Total loans $ 771,600 $ 695,446 $ 488,691 $ 407,684 $ 408,551 $ 1,391,212 $ 1,221,590 $ 66,028 $ 5,450,802 The credit risk profile by internally assigned grade for loans was as follows: December 31, 2019 (in thousands) Commercial Commercial Commercial Total Grade: Pass $ 756,747 $ 68,316 $ 621,657 $ 1,446,720 Special mention 4,451 — 29,921 34,372 Substandard 63,632 2,289 19,096 85,017 Doubtful — — — — Loss — — — — Total $ 824,830 $ 70,605 $ 670,674 $ 1,566,109
Schedule of credit risk profile based on payment activity for loans	The credit risk profile based on payment activity for loans was as follows: (in thousands) 30-59 60-89 90 days or more past due Total Current Total Amortized cost> June 30, 2020 Real estate: Residential 1-4 family $ 2,192 $ 606 $ 1,892 $ 4,690 $ 2,118,536 $ 2,123,226 $ — Commercial real estate 642 — — 642 854,924 855,566 — Home equity line of credit 1,102 583 2,193 3,878 1,061,386 1,065,264 — Residential land — — — — 13,224 13,224 — Commercial construction — — 2,289 2,289 90,615 92,904 — Residential construction — — — — 10,759 10,759 — Commercial 461 575 452 1,488 1,072,341 1,073,829 — Consumer 1,752 2,164 3,669 7,585 208,445 216,030 — Total loans $ 6,149 $ 3,928 $ 10,495 $ 20,572 $ 5,430,230 $ 5,450,802 $ — December 31, 2019 Real estate: Residential 1-4 family $ 2,588 $ 290 $ 1,808 $ 4,686 $ 2,173,449 $ 2,178,135 $ — Commercial real estate — — — — 824,830 824,830 — Home equity line of credit 813 — 2,117 2,930 1,089,195 1,092,125 — Residential land — — 25 25 14,679 14,704 — Commercial construction — — — — 70,605 70,605 — Residential construction — — — — 11,670 11,670 — Commercial 1,077 311 172 1,560 669,114 670,674 — Consumer 4,386 3,257 2,907 10,550 247,371 257,921 — Total loans $ 8,864 $ 3,858 $ 7,029 $ 19,751 $ 5,100,913 $ 5,120,664 $ —
Schedule of credit risk profile based on nonaccrual loans, accruing loans 90 days or more past due	The credit risk profile based on nonaccrual loans were as follows: (in thousands) June 30, 2020 December 31, 2019 With a Related ACL Without a Related ACL Total Total Real estate: Residential 1-4 family $ 7,584 $ 3,395 $ 10,979 $ 11,395 Commercial real estate 16,241 — 16,241 195 Home equity line of credit 6,249 1,616 7,865 6,638 Residential land — 413 413 448 Commercial construction — 2,289 2,289 — Residential construction — — — — Commercial 616 2,939 3,555 5,947 Consumer 5,637 — 5,637 5,113 Total nonaccrual loans $ 36,327 $ 10,652 $ 46,979 $ 29,736 The credit risk profile based on loans whose terms have been modified and accruing interest were as follows: (in thousands) June 30, 2020 December 31, 2019 Real estate: Residential 1-4 family $ 8,667 $ 9,869 Commercial real estate 1,016 853 Home equity line of credit 9,430 10,376 Residential land 2,007 2,644 Commercial construction — — Residential construction — — Commercial 3,203 2,614 Consumer 55 57 Total troubled debt restructured loans accruing interest $ 24,378 $ 26,413
Schedule of loan modifications	Loan modifications that occurred during the first six months of 2020 and 2019 were as follows: Loans modified as a TDR Three months ended June 30, 2020 Six months ended June 30, 2020 (dollars in thousands) Number Outstanding recorded investment (as of period end) 1 Related allowance (as of period end) Number Outstanding recorded investment (as of period end) 1 Related allowance (as of period end) Troubled debt restructurings Real estate: Residential 1-4 family — $ — $ — 1 $ 147 $ 7 Commercial real estate — — — 2 16,430 4,301 Home equity line of credit 2 19 3 2 19 3 Residential land 2 330 — 2 330 — Commercial construction — — — — — — Residential construction — — — — — — Commercial — — — 4 751 275 Consumer — — — — — — 4 $ 349 $ 3 11 $ 17,677 $ 4,586 Three months ended June 30, 2019 Six months ended June 30, 2019 (dollars in thousands) Number Outstanding recorded investment (as of period end) 1 Related allowance (as of period end) Number Outstanding recorded investment (as of period end) 1 Related allowance (as of period end) Troubled debt restructurings Real estate: Residential 1-4 family 1 $ 469 $ 154 9 $ 1,501 $ 161 Commercial real estate — — — — — — Home equity line of credit 2 311 59 3 432 83 Residential land 2 825 — 2 825 — Commercial construction — — — — — — Residential construction — — — — — — Commercial 2 1,317 133 3 1,507 150 Consumer — — — — — — 7 $ 2,922 $ 346 17 $ 4,265 $ 394 1 T he period end balances reflect all paydowns and charge-offs since the modification period. TDRs fully paid off, charged-off, or foreclosed upon by period end are not included.
Schedule of collateral-dependent loans	Loans considered collateral-dependent were as follows: June 30, 2020 Amortized cost Collateral type (in thousands) Real estate: Residential 1-4 family $ 1,795 Residential real estate property Home equity line of credit 1,387 Residential real estate property Commercial construction 2,289 Commercial real estate property Total real estate 5,471 Commercial 90 Business assets Total $ 5,561 The total carrying amount and the total unpaid principal balance of impaired loans were as follows: December 31, 2019 Three months ended June 30, 2019 Six months ended June 30, 2019 (in thousands) Recorded Unpaid Related Average Interest Average Interest With no related allowance recorded Real estate: Residential 1-4 family $ 6,817 $ 7,207 $ — $ 8,993 $ 87 $ 8,492 $ 247 Commercial real estate 195 200 — — — — — Home equity line of credit 1,984 2,135 — 1,940 54 2,238 66 Residential land 3,091 3,294 — 2,280 24 2,158 50 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 1,948 2,285 — 4,626 — 4,299 — Consumer 2 2 — 31 — 31 — $ 14,037 $ 15,123 $ — $ 17,870 $ 165 $ 17,218 $ 363 With an allowance recorded Real estate: Residential 1-4 family $ 8,783 $ 8,835 $ 898 $ 8,440 $ 96 $ 8,417 $ 179 Commercial real estate 853 853 2 894 9 900 19 Home equity line of credit 10,089 10,099 322 11,665 152 11,743 282 Residential land — — — 79 — 54 — Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 6,470 6,470 1,015 10,997 30 7,874 56 Consumer 505 505 454 288 1 173 2 $ 26,700 $ 26,762 $ 2,691 $ 32,363 $ 288 $ 29,161 $ 538 Total Real estate: Residential 1-4 family $ 15,600 $ 16,042 $ 898 $ 17,433 $ 183 $ 16,909 $ 426 Commercial real estate 1,048 1,053 2 894 9 900 19 Home equity line of credit 12,073 12,234 322 13,605 206 13,981 348 Residential land 3,091 3,294 — 2,359 24 2,212 50 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 8,418 8,755 1,015 15,623 30 12,173 56 Consumer 507 507 454 319 1 204 2 $ 40,737 $ 41,885 $ 2,691 $ 50,233 $ 453 $ 46,379 $ 901 * Since loan was classified as impaired.
Schedule of amortized intangible assets	Changes in the carrying value of MSRs were as follows: (in thousands) Gross carrying amount 1 Accumulated amortization Valuation allowance Net June 30, 2020 $ 23,904 $ (13,993) $ (264) $ 9,647 December 31, 2019 21,543 (12,442) — 9,101 1 Reflects impact of loans paid in full Changes related to MSRs were as follows: Three months ended June 30, Six months ended June 30 (in thousands) 2020 2019 2020 2019 Mortgage servicing rights Beginning balance $ 9,120 $ 7,897 $ 9,101 $ 8,062 Amount capitalized 1,726 632 2,362 862 Amortization (935) (426) (1,552) (821) Other-than-temporary impairment — — — — Carrying amount before valuation allowance 9,911 8,103 9,911 8,103 Valuation allowance for mortgage servicing rights Beginning balance — — — — Provision (recovery) 264 — 264 — Other-than-temporary impairment — — — — Ending balance 264 — 264 — Net carrying value of mortgage servicing rights $ 9,647 $ 8,103 $ 9,647 $ 8,103
Schedule of key assumptions used in estimating fair value	Key assumptions used in estimating the fair value of ASB’s MSRs used in the impairment analysis were as follows: (dollars in thousands) June 30, 2020 December 31, 2019 Unpaid principal balance $ 1,360,920 $ 1,276,437 Weighted average note rate 3.87 % 3.96 % Weighted average discount rate 9.3 % 9.3 % Weighted average prepayment speed 16.9 % 11.4 % The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis: Significant unobservable input value (1) ($ in thousands) Fair value Valuation technique Significant unobservable input Range Weighted June 30, 2020 Mortgage servicing rights $ 5,419 Discounted cash flow Prepayment Speed 13.9% - 18.4% 16.6 % Discount rate 9.3 % 9.3 % December 31, 2019 Residential land $ 25 Fair value of property or collateral Appraised value less 7% selling cost N/A (2) N/A (2) Total loans $ 25 (1) Represents percent of outstanding principal balance. (2) N/A - Not applicable. There is one asset in each fair value measurement type.
Schedule of sensitivity analysis of fair value, transferor's interests in transferred financial assets	The sensitivity analysis of fair value of MSRs to hypothetical adverse changes of 25 and 50 basis points in certain key assumptions was as follows: (dollars in thousands) June 30, 2020 December 31, 2019 Prepayment rate: 25 basis points adverse rate change $ (539) $ (950) 50 basis points adverse rate change (1,062) (1,947) Discount rate: 25 basis points adverse rate change (64) (102) 50 basis points adverse rate change (128) (202)
Schedule of securities sold under agreements to repurchase	The following tables present information about the securities sold under agreements to repurchase, including the related collateral received from or pledged to counterparties: (in millions) Gross amount Gross amount Net amount of Repurchase agreements June 30, 2020 $ 95 $ — $ 95 December 31, 2019 115 — 115 Gross amount not offset in the Balance Sheets (in millions) Net amount of liabilities presented Financial Cash Commercial account holders June 30, 2020 $ 95 $ 143 $ — December 31, 2019 115 130 —
Schedule of notional and fair value of derivatives	The notional amount and fair value of ASB’s derivative financial instruments were as follows: June 30, 2020 December 31, 2019 (in thousands) Notional amount Fair value Notional amount Fair value Interest rate lock commitments $ 70,190 $ 2,341 $ 23,171 $ 297 Forward commitments 57,750 (287) 29,383 (42)
Schedule of derivative financial instruments	ASB’s derivative financial instruments, their fair values and balance sheet location were as follows: Derivative Financial Instruments Not Designated as Hedging Instruments 1 June 30, 2020 December 31, 2019 (in thousands) Asset derivatives Liability Asset derivatives Liability Interest rate lock commitments $ 2,341 $ — $ 297 $ — Forward commitments — 287 3 45 $ 2,341 $ 287 $ 300 $ 45 1 Asset derivatives are included in other assets and liability derivatives are included in other liabilities in the balance sheets.
Schedule of derivative financial instruments and net gain or loss	The following table presents ASB’s derivative financial instruments and the amount and location of the net gains or losses recognized in ASB’s statements of income: Derivative Financial Instruments Not Designated as Hedging Instruments Location of net gains (losses) recognized in the Statements of Income Three months ended June 30, Six months ended June 30 (in thousands) 2020 2019 2020 2019 Interest rate lock commitments Mortgage banking income $ 489 $ 11 $ 2,044 $ 382 Forward commitments Mortgage banking income 298 46 (245) (72) $ 787 $ 57 $ 1,799 $ 310

Credit agreements and changes i

Credit agreements and changes in debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Note Purchase Agreements	On May 14, 2020, the Utilities issued, through a private placement pursuant to separate Note Purchase Agreements (the Note Purchase Agreements), the following unsecured senior notes bearing taxable interest (the Notes): Series 2020A Series 2020B Series 2020C Aggregate principal amount $80 million $60 million $20 million Fixed coupon interest rate Hawaiian Electric 3.31% 3.31% 3.96% Hawaii Electric Light 3.96% Maui Electric 3.31% 3.96% Maturity date Hawaiian Electric 5/1/2030 5/1/2030 5/1/2050 Hawaii Electric Light 5/1/2050 Maui Electric 5/1/2030 5/1/2050 Principal amount by company: Hawaiian Electric $50 million (Green Bond) $40 million $20 million Hawaii Electric Light $10 million — — Maui Electric $20 million 20 million —

Shareholders' equity (Tables)

Shareholders' equity (Tables)	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Schedule of accumulated other comprehensive income	Changes in the balances of each component of accumulated other comprehensive income/(loss) (AOCI) were as follows: HEI Consolidated Hawaiian Electric Consolidated (in thousands) Net unrealized gains (losses) on securities Unrealized gains (losses) on derivatives Retirement benefit plans AOCI AOCI-Retirement benefit plans Balance, December 31, 2019 $ 2,481 $ (1,613) $ (20,907) $ (20,039) $ (1,279) Current period other comprehensive income (loss) 18,783 (1,982) 1,079 17,880 51 Balance, June 30, 2020 $ 21,264 $ (3,595) $ (19,828) $ (2,159) $ (1,228) Balance, December 31, 2018 $ (24,423) $ (436) $ (25,751) $ (50,610) $ 99 Current period other comprehensive income (loss) 23,593 (1,063) 410 22,940 47 Balance, June 30, 2019 $ (830) $ (1,499) $ (25,341) $ (27,670) $ 146
Schedule of reclassifications out of accumulated other comprehensive income/(loss)	Reclassifications out of AOCI were as follows: Amount reclassified from AOCI Three months ended June 30 Six months ended June 30 Affected line item in the (in thousands) 2020 2019 2020 2019 Statements of Income / Balance Sheets HEI consolidated Net realized gains on securities included in net income $ (1,638) $ — $ (1,638) $ — Gain on sale of investment securities, net Retirement benefit plans: Amortization of prior service credit and net losses recognized during the period in net periodic benefit cost 5,690 2,503 11,396 5,006 See Note 8 for additional details Impact of D&Os of the PUC included in regulatory assets (5,159) (2,298) (10,317) (4,596) See Note 8 for additional details Total reclassifications $ (1,107) $ 205 $ (559) $ 410 Hawaiian Electric consolidated Retirement benefit plans: Amortization of prior service credit and net losses recognized during the period in net periodic benefit cost $ 5,184 $ 2,321 $ 10,368 $ 4,643 See Note 8 for additional details Impact of D&Os of the PUC included in regulatory assets (5,159) (2,298) (10,317) (4,596) See Note 8 for additional details Total reclassifications $ 25 $ 23 $ 51 $ 47

Revenues (Tables)

Revenues (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	The following tables disaggregate revenues by major source, timing of revenue recognition, and segment: Three months ended June 30, 2020 Six months ended June 30, 2020 (in thousands) Electric utility Bank Other Total Electric utility Bank Other Total Revenues from contracts with customers Electric energy sales - residential $ 187,590 $ — $ — $ 187,590 $ 377,856 $ — $ — $ 377,856 Electric energy sales - commercial 159,874 — — 159,874 356,979 — — 356,979 Electric energy sales - large light and power 176,467 — — 176,467 392,687 — — 392,687 Electric energy sales - other 1,779 — — 1,779 5,237 — — 5,237 Bank fees — 7,211 — 7,211 — 18,767 — 18,767 Total revenues from contracts with customers 525,710 7,211 — 532,921 1,132,759 18,767 — 1,151,526 Revenues from other sources Regulatory revenue 2,826 — — 2,826 (12,478) — — (12,478) Bank interest and dividend income — 59,829 — 59,829 — 124,804 — 124,804 Other bank noninterest income — 7,674 — 7,674 — 10,881 — 10,881 Other 5,679 — 16 5,695 11,376 — 22 11,398 Total revenues from other sources 8,505 67,503 16 76,024 (1,102) 135,685 22 134,605 Total revenues $ 534,215 $ 74,714 $ 16 $ 608,945 $ 1,131,657 $ 154,452 $ 22 $ 1,286,131 Timing of revenue recognition Services/goods transferred at a point in time $ — $ 7,211 $ — $ 7,211 $ — $ 18,767 $ — $ 18,767 Services/goods transferred over time 525,710 — — 525,710 1,132,759 — — 1,132,759 Total revenues from contracts with customers $ 525,710 $ 7,211 $ — $ 532,921 $ 1,132,759 $ 18,767 $ — $ 1,151,526 Three months ended June 30, 2019 Six months ended June 30, 2019 (in thousands) Electric utility Bank Other Total Electric utility Bank Other Total Revenues from contracts with customers Electric energy sales - residential $ 195,868 $ — $ — $ 195,868 $ 371,613 $ — $ — $ 371,613 Electric energy sales - commercial 217,278 — — 217,278 404,686 — — 404,686 Electric energy sales - large light and power 231,869 — — 231,869 430,795 — — 430,795 Electric energy sales - other 3,774 — — 3,774 7,852 — — 7,852 Bank fees — 11,632 — 11,632 — 22,865 — 22,865 Total revenues from contracts with customers 648,789 11,632 — 660,421 1,214,946 22,865 — 1,237,811 Revenues from other sources Regulatory revenue (20,360) — — (20,360) (14,153) — — (14,153) Bank interest and dividend income — 66,155 — 66,155 — 134,643 — 134,643 Other bank noninterest income — 3,900 — 3,900 — 7,231 — 7,231 Other 5,355 — 14 5,369 11,486 — 82 11,568 Total revenues from other sources (15,005) 70,055 14 55,064 (2,667) 141,874 82 139,289 Total revenues $ 633,784 $ 81,687 $ 14 $ 715,485 $ 1,212,279 $ 164,739 $ 82 $ 1,377,100 Timing of revenue recognition Services/goods transferred at a point in time $ — $ 11,632 $ — $ 11,632 $ — $ 22,865 $ — $ 22,865 Services/goods transferred over time 648,789 — — 648,789 1,214,946 — — 1,214,946 Total revenues from contracts with customers $ 648,789 $ 11,632 $ — $ 660,421 $ 1,214,946 $ 22,865 $ — $ 1,237,811

Retirement benefits (Tables)

Retirement benefits (Tables)	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Schedule of components of net periodic benefit cost for consolidated HEI	The components of net periodic pension costs (NPPC) and net periodic benefit costs (NPBC) for HEI consolidated and Hawaiian Electric consolidated were as follows: Three months ended June 30 Six months ended June 30 Pension benefits Other benefits Pension benefits Other benefits (in thousands) 2020 2019 2020 2019 2020 2019 2020 2019 HEI consolidated Service cost $ 18,362 $ 15,382 $ 631 $ 542 $ 36,725 $ 30,764 $ 1,262 $ 1,083 Interest cost 20,164 21,033 1,856 1,997 40,327 42,066 3,711 3,994 Expected return on plan assets (28,465) (27,999) (3,039) (3,086) (56,931) (55,997) (6,077) (6,172) Amortization of net prior period (gain)/cost 2 (11) (441) (452) 5 (22) (881) (904) Amortization of net actuarial (gains)/losses 8,058 3,839 51 (4) 16,115 7,678 101 (7) Net periodic pension/benefit cost (return) 18,121 12,244 (942) (1,003) 36,241 24,489 (1,884) (2,006) Impact of PUC D&Os 6,261 12,278 777 811 12,523 24,557 1,554 1,622 Net periodic pension/benefit cost (adjusted for impact of PUC D&Os) $ 24,382 $ 24,522 $ (165) $ (192) $ 48,764 $ 49,046 $ (330) $ (384) Hawaiian Electric consolidated Service cost $ 17,891 $ 15,001 $ 625 $ 538 $ 35,782 $ 30,002 $ 1,251 $ 1,075 Interest cost 18,715 19,414 1,781 1,918 37,430 38,828 3,563 3,835 Expected return on plan assets (26,857) (26,164) (2,990) (3,036) (53,712) (52,328) (5,980) (6,071) Amortization of net prior period (gain)/cost 3 2 (439) (451) 5 4 (879) (902) Amortization of net actuarial losses 7,369 3,576 51 — 14,737 7,152 102 — Net periodic pension/benefit cost (return) 17,121 11,829 (972) (1,031) 34,242 23,658 (1,943) (2,063) Impact of PUC D&Os 6,261 12,278 777 811 12,523 24,557 1,554 1,622 Net periodic pension/benefit cost (adjusted for impact of PUC D&Os) $ 23,382 $ 24,107 $ (195) $ (220) $ 46,765 $ 48,215 $ (389) $ (441)

Share-based compensation (Table

Share-based compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of share-based compensation expense and related income tax benefit	Share-based compensation expense and the related income tax benefit were as follows: Three months ended June 30 Six months ended June 30 (in millions) 2020 2019 2020 2019 HEI consolidated Share-based compensation expense 1 $ 2.4 $ 3.7 $ 4.1 $ 5.9 Income tax benefit 0.4 0.7 0.7 0.9 Hawaiian Electric consolidated Share-based compensation expense 1 0.4 1.1 1.2 1.8 Income tax benefit 0.1 0.2 0.2 0.3 1 For the three and six months ended June 30, 2020 and 2019, the Company has not capitalized any share-based compensation.
Schedule of common stock granted to a nonemployee director under the 2011 Director Plan	HEI granted HEI common stock to nonemployee directors under the 2011 Director Plan as follows: Three months ended June 30 Six months ended June 30 (dollars in millions) 2020 2019 2020 2019 Shares granted 35,632 35,580 36,100 35,580 Fair value $ 1.3 $ 1.5 $ 1.3 $ 1.5 Income tax benefit 0.3 0.4 0.3 0.4
Schedule of restricted stock units	Information about HEI’s grants of restricted stock units was as follows: Three months ended June 30 Six months ended June 30 2020 2019 2020 2019 Shares (1) Shares (1) Shares (1) Shares (1) Outstanding, beginning of period 203,441 $ 40.67 211,225 $ 35.28 207,641 $ 35.36 200,358 $ 33.05 Granted 916 37.90 — — 78,595 47.99 94,559 37.68 Vested — — — — (77,719) 34.19 (76,712) 32.61 Forfeited — — (2,600) 35.56 (4,160) 35.81 (9,580) 33.82 Outstanding, end of period 204,357 $ 40.65 208,625 $ 35.28 204,357 $ 40.65 208,625 $ 35.28 Total weighted-average grant-date fair value of shares granted (in millions) $ — $ — $ 3.8 $ 3.6 (1) Weighted-average grant-date fair value per share based on the average price of HEI common stock on the date of grant.
Schedule of Long-Term Incentive Plan (LTIP) linked to total return to shareholders	Information about HEI’s LTIP grants linked to TSR was as follows: Three months ended June 30 Six months ended June 30 2020 2019 2020 2019 Shares (1) Shares (1) Shares (1) Shares (1) Outstanding, beginning of period 90,616 $ 42.08 98,311 $ 39.61 96,402 $ 39.62 65,578 $ 38.81 Granted — — — — 24,630 48.62 34,647 41.07 Vested (issued or unissued and cancelled) — — — — (29,409) 39.51 — — Forfeited — — — — (1,007) 41.72 (1,914) 38.62 Outstanding, end of period 90,616 $ 42.08 98,311 $ 39.61 90,616 $ 42.08 98,311 $ 39.61 Total weighted-average grant-date fair value of shares granted (in millions) $ — $ — $ 1.2 $ 1.4 (1) Weighted-average grant-date fair value per share determined using a Monte Carlo simulation model.
Schedule of Long-Term Incentive Plan assumptions	The following table summarizes the assumptions used to determine the fair value of the LTIP awards linked to TSR and the resulting fair value of LTIP awards granted: 2020 2019 Risk-free interest rate 1.39 % 2.48 % Expected life in years 3 3 Expected volatility 13.1 % 15.8 % Range of expected volatility for Peer Group 13.6% to 95.4% 15.0% to 73.2% Grant date fair value (per share) $48.62 $41.07
Schedule of Long-Term Incentive Plan (LTIP) linked to other performance conditions	Information about HEI’s LTIP awards payable in shares linked to other performance conditions was as follows: Three months ended June 30 Six months ended June 30 2020 2019 2020 2019 Shares (1) Shares (1) Shares (1) Shares (1) Outstanding, beginning of period 336,344 $ 39.64 407,090 $ 35.12 403,768 $ 35.15 276,169 $ 33.80 Granted — — — — 98,522 48.10 138,580 37.68 Vested — — — — (135,804) 33.48 — — Increase above target (cancelled) (38,821) 34.12 — — (64,932) 34.12 — — Forfeited — — — — (4,031) 39.67 (7,659) 33.91 Outstanding, end of period 297,523 $ 40.37 407,090 $ 35.12 297,523 $ 40.37 407,090 $ 35.12 Total weighted-average grant-date fair value of shares granted (at target performance levels) (in millions) $ — $ — $ 4.7 $ 5.2 (1) Weighted-average grant-date fair value per share based on the average price of HEI common stock on the date of grant.

Cash flows (Tables)

Cash flows (Tables)	6 Months Ended
	Jun. 30, 2020
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental disclosures of cash and noncash activity	Six months ended June 30 2020 2019 (in millions) Supplemental disclosures of cash flow information HEI consolidated Interest paid to non-affiliates, net of amounts capitalized $ 50 $ 53 Income taxes paid (including refundable credits) — 46 Income taxes refunded (including refundable credits) — 4 Hawaiian Electric consolidated Interest paid to non-affiliates 32 34 Income taxes paid (including refundable credits) — 46 Income taxes refunded (including refundable credits) — 4 Supplemental disclosures of noncash activities HEI consolidated Electric utility property, plant and equipment Estimated fair value of noncash contributions in aid of construction (investing) 3 1 Unpaid invoices and accruals for capital expenditures, balance, end of period (investing) 34 30 Reduction of long-term debt from funds previously transferred for repayment (financing) 82 — Right-of-use assets obtained in exchange for operating lease obligations (investing) 20 2 Common stock issued (gross) for director and executive/management compensation (financing) 1 16 5 Real estate transferred from property, plant and equipment to other assets held-for-sale (investing) — 9 Obligations to fund low income housing investments (investing) — 6 Hawaiian Electric consolidated Electric utility property, plant and equipment Estimated fair value of noncash contributions in aid of construction (investing) 3 1 Unpaid invoices and accruals for capital expenditures, balance, end of period (investing) 30 27 Reduction of long-term debt from funds previously transferred for repayment (financing) 82 — Right-of-use assets obtained in exchange for operating lease obligations (investing) 16 1 1 The amounts shown represent the market value of common stock issued for director and executive/management compensation and withheld to satisfy statutory tax liabilities.

Fair value measurements (Tables

Fair value measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of estimated fair values of certain of the Company's financial instruments	The following table presents the carrying or notional amount, fair value and placement in the fair value hierarchy of the Company’s financial instruments. For stock in Federal Home Loan Bank, the carrying amount is a reasonable estimate of fair value because it can only be redeemed at par. Estimated fair value (in thousands) Carrying or notional amount Quoted prices in Significant Significant Total June 30, 2020 Financial assets HEI consolidated Available-for-sale investment securities $ 1,389,633 $ — $ 1,360,806 $ 28,827 $ 1,389,633 Held-to-maturity investment securities 124,623 — 131,131 — 131,131 Stock in Federal Home Loan Bank 9,880 — 9,880 — 9,880 Loans, net 5,393,653 — 37,345 5,540,050 5,577,395 Mortgage servicing rights 9,647 — — 10,328 10,328 Derivative assets 70,190 — 2,341 — 2,341 Financial liabilities HEI consolidated Deposit liabilities 657,627 — 663,296 — 663,296 Short-term borrowings—other than bank 131,180 — 131,180 — 131,180 Other bank borrowings 124,975 — 124,966 — 124,966 Long-term debt, net—other than bank 2,070,224 — 2,427,374 — 2,427,374 Derivative liabilities 81,861 287 4,843 — 5,130 Hawaiian Electric consolidated Short-term borrowings 49,919 — 49,919 — 49,919 Long-term debt, net 1,574,955 — 1,895,365 — 1,895,365 December 31, 2019 Financial assets HEI consolidated Available-for-sale investment securities $ 1,232,826 $ — $ 1,204,229 $ 28,597 $ 1,232,826 Held-to-maturity investment securities 139,451 — 143,467 — 143,467 Stock in Federal Home Loan Bank 8,434 — 8,434 — 8,434 Loans, net 5,080,107 — 12,295 5,145,242 5,157,537 Mortgage servicing rights 9,101 — — 12,379 12,379 Derivative assets 25,179 — 300 — 300 Financial liabilities HEI consolidated Deposit liabilities 769,825 — 765,976 — 765,976 Short-term borrowings—other than bank 185,710 — 185,710 — 185,710 Other bank borrowings 115,110 — 115,107 — 115,107 Long-term debt, net—other than bank 1,964,365 — 2,156,927 — 2,156,927 Derivative liabilities 51,375 33 2,185 — 2,218 Hawaiian Electric consolidated Short-term borrowings 88,987 — 88,987 — 88,987 Long-term debt, net 1,497,667 — 1,670,189 — 1,670,189
Schedule of assets measured at fair value on a recurring basis	Assets and liabilities measured at fair value on a recurring basis were as follows: June 30, 2020 December 31, 2019 Fair value measurements using Fair value measurements using (in thousands) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Available-for-sale investment securities (bank segment) Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies $ — $ 1,226,985 $ — $ — $ 1,026,385 $ — U.S. Treasury and federal agency obligations — 102,414 — — 117,787 — Corporate bonds — 31,407 — — 60,057 — Mortgage revenue bonds — — 28,827 — — 28,597 $ — $ 1,360,806 $ 28,827 $ — $ 1,204,229 $ 28,597 Derivative assets Interest rate lock commitments (bank segment) 1 $ — $ 2,341 $ — $ — $ 297 $ — Forward commitments (bank segment) 1 — — — — 3 — $ — $ 2,341 $ — $ — $ 300 $ — Derivative liabilities Forward commitments (bank segment) 1 $ 287 $ — $ — $ 33 $ 12 $ — Interest rate swap (Other segment) 2 — 4,843 — — 2,173 — $ 287 $ 4,843 $ — $ 33 $ 2,185 $ — 1 Derivatives are carried at fair value in other assets or other liabilities in the balance sheets with changes in value included in mortgage banking income. 2 Derivatives are included in other liabilities in the balance sheets.
Schedule of changes in Level 3 assets and liabilities measured at fair value on a recurring basis	The changes in Level 3 assets and liabilities measured at fair value on a recurring basis were as follows: Three months ended June 30 Six months ended June 30 Mortgage revenue bonds 2020 2019 2020 2019 (in thousands) Beginning balance $ 28,726 $ 27,970 $ 28,597 $ 23,636 Principal payments received — — — — Purchases 101 196 230 4,530 Unrealized gain (loss) included in other comprehensive income — — — — Ending balance $ 28,827 $ 28,166 $ 28,827 $ 28,166
Schedule of assets measured at fair value on a nonrecurring basis	The carrying value of assets measured at fair value on a nonrecurring basis were as follows: Fair value measurements using (in thousands) Balance Level 1 Level 2 Level 3 June 30, 2020 Mortgage servicing rights $ 5,419 $ — $ — $ 5,419 December 31, 2019 Loans 25 — — 25
Schedule of significant unobservable inputs used in the fair value measurement	Key assumptions used in estimating the fair value of ASB’s MSRs used in the impairment analysis were as follows: (dollars in thousands) June 30, 2020 December 31, 2019 Unpaid principal balance $ 1,360,920 $ 1,276,437 Weighted average note rate 3.87 % 3.96 % Weighted average discount rate 9.3 % 9.3 % Weighted average prepayment speed 16.9 % 11.4 % The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis: Significant unobservable input value (1) ($ in thousands) Fair value Valuation technique Significant unobservable input Range Weighted June 30, 2020 Mortgage servicing rights $ 5,419 Discounted cash flow Prepayment Speed 13.9% - 18.4% 16.6 % Discount rate 9.3 % 9.3 % December 31, 2019 Residential land $ 25 Fair value of property or collateral Appraised value less 7% selling cost N/A (2) N/A (2) Total loans $ 25 (1) Represents percent of outstanding principal balance. (2) N/A - Not applicable. There is one asset in each fair value measurement type.

Basis of presentation (Details)

Basis of presentation (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Jun. 30, 2020	Dec. 31, 2019	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss		$ 81,307	$ 53,355	$ 77,084	$ 58,425	$ 54,297	$ 52,119
Allowance for loan commitments		8,100	1,741	3,800
Retained earnings	$ 622,042	616,941	622,042
Loans held for investment, net	5,067,821	5,356,510	5,067,821
Total assets	13,745,251	14,480,700	13,745,251
Deferred income taxes	379,324	368,834	379,324
Other	583,545	580,082	583,545
Total liabilities	11,430,698	12,155,009	11,430,698
Total shareholders’ equity	2,280,260	2,291,398	2,280,260		$ 2,208,586	$ 2,183,515	$ 2,162,280
Total liabilities and shareholders' equity	$ 13,745,251	$ 14,480,700	$ 13,745,251
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201613Member
As reported under ASU No. 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings	$ 606,670
Loans held for investment, net	5,048,380
Total assets	13,725,810
Deferred income taxes	373,696
Other	585,104
Total liabilities	11,426,629
Total shareholders’ equity	2,264,888		$ 2,264,888	$ 2,276,505
Total liabilities and shareholders' equity	13,725,810
Impact of ASU No. 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Allowance for credit loss	21,000		19,441
Allowance for loan commitments	2,000		1,559
Retained earnings	(15,372)
Loans held for investment, net	(19,441)
Total assets	(19,441)
Deferred income taxes	(5,628)
Other	1,559
Total liabilities	(4,069)
Total shareholders’ equity	(15,372)		$ (15,372)
Total liabilities and shareholders' equity	$ (19,441)

Segment financial information_2

Segment financial information (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Jan. 01, 2020	Dec. 31, 2019
Segment financial information
Total revenues	$ 608,945		$ 715,485		$ 1,286,131	$ 1,377,100
Income (loss) before income taxes	60,230		52,694		99,926	110,733
Income taxes (benefit)	10,870		9,709		16,673	21,587
Net income	49,360		42,985		83,253	89,146
Preferred stock dividends of subsidiaries	473		473		946	946
Net income for common stock	48,887	$ 33,420	42,512	$ 45,688	82,307	88,200
Total assets	14,480,700				14,480,700		$ 13,745,251	$ 13,745,251
Revenues from external customers
Segment financial information
Total revenues	608,945		715,485		1,286,131	1,377,100
Intersegment revenues (eliminations)
Segment financial information
Total revenues	0		0		0	0
Electric utility
Segment financial information
Total revenues	534,215		633,784		1,131,657	1,212,279
Income (loss) before income taxes	53,027		40,817		82,713	82,676
Income taxes (benefit)	10,199		7,744		15,481	16,978
Net income	42,828		33,073		67,232	65,698
Preferred stock dividends of subsidiaries	499		499		998	998
Net income for common stock	42,329		32,574		66,234	64,700
Total assets	6,332,007				6,332,007			6,388,682
Electric utility | Revenues from external customers
Segment financial information
Total revenues	534,206		633,771		1,131,636	1,212,253
Electric utility | Intersegment revenues (eliminations)
Segment financial information
Total revenues	9		13		21	26
Bank
Segment financial information
Total revenues	74,714		81,687		154,452	164,739
Income (loss) before income taxes	17,334		21,292		36,303	47,454
Income taxes (benefit)	3,320		4,276		6,528	9,599
Net income	14,014		17,016		29,775	37,855
Preferred stock dividends of subsidiaries	0		0		0	0
Net income for common stock	14,014		17,016		29,775	37,855
Total assets	8,019,665				8,019,665			7,233,017
Bank | Revenues from external customers
Segment financial information
Total revenues	74,714		81,687		154,452	164,739
Bank | Intersegment revenues (eliminations)
Segment financial information
Total revenues	0		0		0	0
Other
Segment financial information
Total revenues	16		14		22	82
Income (loss) before income taxes	(10,131)		(9,415)		(19,090)	(19,397)
Income taxes (benefit)	(2,649)		(2,311)		(5,336)	(4,990)
Net income	(7,482)		(7,104)		(13,754)	(14,407)
Preferred stock dividends of subsidiaries	(26)		(26)		(52)	(52)
Net income for common stock	(7,456)		(7,078)		(13,702)	(14,355)
Total assets	129,028				129,028			$ 123,552
Other | Revenues from external customers
Segment financial information
Total revenues	25		27		43	108
Other | Intersegment revenues (eliminations)
Segment financial information
Total revenues	$ (9)		$ (13)		$ (21)	$ (26)

Electric utility segment - Unco

Electric utility segment - Unconsolidated variable interest entities (Details)	6 Months Ended
	Jun. 30, 2020agreemententity
Power purchase agreement
Number of IPPs	3
Hawaiian Electric Company
Power purchase agreement
Number of power purchase agreements (PPAs) (in agreements) | agreement	4
Number of firm capacity producers declining to provide financial information to determine primary beneficiary status (in entities)	2
Minimum potential number of IPP entities consolidated into company in the future (in entities)	1

Electric utility segment - Powe

Electric utility segment - Power purchase agreements (Details) - Hawaiian Electric (parent only) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Regulatory Projects and Legal Obligations [Line Items]
Purchased power	$ 137	$ 162	$ 277	$ 296
Kalaeloa
Regulatory Projects and Legal Obligations [Line Items]
Purchased power	34	61	72	101
AES Hawaii
Regulatory Projects and Legal Obligations [Line Items]
Purchased power	32	32	63	64
HPOWER
Regulatory Projects and Legal Obligations [Line Items]
Purchased power	17	19	34	37
Hamakua Energy
Regulatory Projects and Legal Obligations [Line Items]
Purchased power	11	18	24	34
Wind IPPs
Regulatory Projects and Legal Obligations [Line Items]
Purchased power	25	23	53	43
Solar IPPs
Regulatory Projects and Legal Obligations [Line Items]
Purchased power	17	8	28	15
Other IPPs
Regulatory Projects and Legal Obligations [Line Items]
Purchased power	$ 1	$ 1	$ 3	$ 2

Electric utility segment - Comm

Electric utility segment - Commitments and contingencies (Details) $ in Millions	Jun. 10, 2019USD ($)	Jan. 31, 2020	Jun. 30, 2015MW	May 31, 2012MW	Mar. 31, 1988MW	Dec. 31, 1988MW	Jun. 30, 2020USD ($)
Regulatory Projects and Legal Obligations [Line Items]
ERP/EAM project service period (in years)	12 years	12 years
Project costs, accrued carrying costs once put into service							$ 59.4
Project costs, amortization							0.3
Future O&M expense reductions	$ 150
Future cost avoidance related to capital cost and tax costs	$ 96
AES Hawaii
Regulatory Projects and Legal Obligations [Line Items]
Purchase commitment, period (in years)					30 years
Minimum power volume required (in megawatts) | MW					180
Additional capacity requirement (in megawatts) | MW			9
Hu Honua Bioenergy, LLC
Regulatory Projects and Legal Obligations [Line Items]
Minimum power volume required (in megawatts) | MW				21.5
Hawaiian Electric (parent only) | PCB Contamination
Environmental regulation
Valuation allowances and reserves							4.8
Maui Electric
Environmental regulation
Additional accrued investigation and estimated cleanup costs							2.7
ERP/EAM Implementation Project | Hawaiian Electric Company, Inc. and Subsidiaries
Regulatory Projects and Legal Obligations [Line Items]
Regulatory liability for O&M expense reductions							$ 7.2
Kalaeloa | Hawaiian Electric (parent only)
Regulatory Projects and Legal Obligations [Line Items]
Increased power purchase commitment capacity (in megawatts) | MW						208

Electric utility segment - Regu

Electric utility segment - Regulatory Proceedings (Details)	Jun. 05, 2020USD ($)	Feb. 07, 2020USD ($)	Apr. 27, 2017USD ($)	Dec. 31, 2019USD ($)	Mar. 31, 2019$ / kWh	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)entity	Jul. 09, 2020entity
Regulatory Projects and Legal Obligations [Line Items]
Decoupling order, service reliability performance, historical measurement period (in years)						10 years
Service reliability, pending adjusted maximum penalty amount						$ 6,800,000
Dead band percentage above or below the target						3.00%
Call center performance, pending adjusted maximum penalty						$ 1,400,000
Energy price, renewable projects with storage capacity (in dollars per kilowatt hour) | $ / kWh					0.115
Energy price, renewable energy-only projects (in dollars per kilowatt hour) | $ / kWh					0.095
Hawaiian Electric Company, Inc. and Subsidiaries
Regulatory Projects and Legal Obligations [Line Items]
Threshold of capital expenditures in excess of contributions			$ 2,500,000
MPIR requested amount		$ 23,600,000					$ 19,800,000
Maximum penalty, percent of ROE						0.20%
Call center performance, maximum penalty percentage						0.08%
Call center performance, maximum penalty amount				$ 300,000
Performance incentive mechanism, incentive cap							$ 3,500,000
Number of power purchase agreements (PPAs) (in agreements) | entity							7
Incentives accrued				$ 1,700,000			$ 1,700,000
Subsequent Event | Hawaiian Electric Company, Inc. and Subsidiaries
Regulatory Projects and Legal Obligations [Line Items]
Number of grid service purchase agreements | entity								2
Grid Modernization Strategy Phase 1 Project | Hawaiian Electric Company, Inc. and Subsidiaries
Regulatory Projects and Legal Obligations [Line Items]
MPIR requested amount	$ 600,000
Schofield Generation Station | Hawaiian Electric Company, Inc. and Subsidiaries
Regulatory Projects and Legal Obligations [Line Items]
MPIR requested amount		$ 19,200,000
West Loch PV Project | Hawaiian Electric Company, Inc. and Subsidiaries
Regulatory Projects and Legal Obligations [Line Items]
MPIR requested amount	$ 3,800,000

Electric utility segment - Annu

Electric utility segment - Annual decoupling filings summary (Details) $ in Millions	6 Months Ended
	Jun. 30, 2020USD ($)
Regulatory Projects and Legal Obligations [Line Items]
2019 Annual incremental RAM adjusted revenues	$ 29.5
Annual change in accrued RBA balance as of December 31, 2019 (and associated revenue taxes) which incorporates MPIR recovery	(67.4)
Incremental Performance Incentive Mechanisms (net)	2
Net annual incremental amount to be collected (refunded) under the tariffs	(35.9)
Hawaiian Electric (parent only)
Regulatory Projects and Legal Obligations [Line Items]
2019 Annual incremental RAM adjusted revenues	20.6
Annual change in accrued RBA balance as of December 31, 2019 (and associated revenue taxes) which incorporates MPIR recovery	(46.5)
Incremental Performance Incentive Mechanisms (net)	2.2
Net annual incremental amount to be collected (refunded) under the tariffs	(23.7)
HELCO
Regulatory Projects and Legal Obligations [Line Items]
2019 Annual incremental RAM adjusted revenues	3.2
Annual change in accrued RBA balance as of December 31, 2019 (and associated revenue taxes) which incorporates MPIR recovery	(9.9)
Incremental Performance Incentive Mechanisms (net)	(0.1)
Net annual incremental amount to be collected (refunded) under the tariffs	(6.8)
Maui Electric
Regulatory Projects and Legal Obligations [Line Items]
2019 Annual incremental RAM adjusted revenues	5.7
Annual change in accrued RBA balance as of December 31, 2019 (and associated revenue taxes) which incorporates MPIR recovery	(11)
Incremental Performance Incentive Mechanisms (net)	(0.1)
Net annual incremental amount to be collected (refunded) under the tariffs	$ (5.4)

Electric utility segment - Rate

Electric utility segment - Rate proceedings (Details) - USD ($) $ in Thousands	May 13, 2020	Nov. 13, 2019	Jun. 30, 2020	Dec. 31, 2019
Regulatory Projects and Legal Obligations [Line Items]
Regulatory assets			$ 682,570	$ 715,080
Hawaiian Electric (parent only)
Regulatory Projects and Legal Obligations [Line Items]
Timeframe to acquire annual savings	3 years
Proposed annual savings	$ 25,000
Proposed annual savings, capital, percentage	80.00%
Proposed annual savings, operations and maintenance, percentage	20.00%
HELCO
Regulatory Projects and Legal Obligations [Line Items]
Interim revenue requirement		$ 387,000
Rate base		$ 534,000
Effective interest rate of return		7.52%
Stipulated ROACE rate		9.50%
Common equity capitalization rate		58.00%
Amortization period for state investment tax credit		10 years
Risk sharing percentage, ratepayer		98.00%
Maximum exposure cap		$ 600
Proposed final tariffs and revised tariff period		30 days
Hawaiian Electric Company, Inc. and Subsidiaries
Regulatory Projects and Legal Obligations [Line Items]
Regulatory assets			$ 6,500

Electric utility segment - Cond

Electric utility segment - Condensed consolidating statement of income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Condensed Income Statements, Captions [Line Items]
Revenues	$ 608,945		$ 715,485		$ 1,286,131	$ 1,377,100
Expenses
Total expenses	537,389		642,851		1,154,873	1,226,529
Total operating income	71,556		72,634		131,258	150,571
Allowance for equity funds used during construction	2,194		3,175		4,209	6,085
Retirement defined benefits expense—other than service costs	(934)		(761)		(1,868)	(1,524)
Allowance for borrowed funds used during construction	752		1,179		1,440	2,257
Income before income taxes	60,230		52,694		99,926	110,733
Income taxes	10,870		9,709		16,673	21,587
Net income	49,360		42,985		83,253	89,146
Preferred stock dividends of subsidiaries	473		473		946	946
Net income for common stock	48,887	$ 33,420	42,512	$ 45,688	82,307	88,200
Consolidating adjustments
Condensed Income Statements, Captions [Line Items]
Revenues	(140)		(202)		(355)	(234)
Expenses
Fuel oil	0		0		0	0
Purchased power	0		0		0	0
Other operation and maintenance	0		0		0	0
Depreciation	0		0		0	0
Taxes, other than income taxes	0		0		0	0
Total expenses	0		0		0	0
Total operating income	(140)		(202)		(355)	(234)
Allowance for equity funds used during construction	0		0		0	0
Equity in earnings of subsidiaries	(13,776)		(8,086)		(22,580)	(19,935)
Retirement defined benefits expense—other than service costs	0		0		0	0
Interest expense and other charges, net	140		202		355	234
Allowance for borrowed funds used during construction	0		0		0	0
Income before income taxes	(13,776)		(8,086)		(22,580)	(19,935)
Income taxes			0		0	0
Net income	(13,776)		(8,086)		(22,580)	(19,935)
Preferred stock dividends of subsidiaries			0		0	0
Net income attributable to Hawaiian Electric	(13,776)		(8,086)		(22,580)	(19,935)
Preferred stock dividends of Hawaiian Electric	0		0		0	0
Net income for common stock	(13,776)		(8,086)		(22,580)	(19,935)
Hawaiian Electric (parent only)
Expenses
Purchased power	137,000		162,000		277,000	296,000
Hawaiian Electric (parent only) | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Revenues	380,634		450,020		801,800	855,689
Expenses
Fuel oil	77,290		125,431		197,825	234,353
Purchased power	108,946		126,871		216,897	232,094
Other operation and maintenance	74,274		78,551		159,911	159,729
Depreciation	37,860		35,868		75,871	71,735
Taxes, other than income taxes	36,673		42,590		77,174	81,221
Total expenses	335,043		409,311		727,678	779,132
Total operating income	45,591		40,709		74,122	76,557
Allowance for equity funds used during construction	1,807		2,614		3,550	5,061
Equity in earnings of subsidiaries	13,776		8,086		22,580	19,935
Retirement defined benefits expense—other than service costs	(546)		(567)		(1,092)	(1,134)
Interest expense and other charges, net	(12,499)		(13,390)		(24,501)	(26,190)
Allowance for borrowed funds used during construction	626		962		1,228	1,864
Income before income taxes	48,755		38,414		75,887	76,093
Income taxes	6,156		5,570		9,113	10,853
Net income	42,599		32,844		66,774	65,240
Preferred stock dividends of subsidiaries	0		0		0	0
Net income attributable to Hawaiian Electric	42,599		32,844		66,774	65,240
Preferred stock dividends of Hawaiian Electric	270		270		540	540
Net income for common stock	42,329		32,574		66,234	64,700
HELCO | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Revenues	78,505		89,916		167,798	177,121
Expenses
Fuel oil	16,254		19,941		38,686	40,783
Purchased power	15,846		24,029		35,367	43,206
Other operation and maintenance	17,581		18,031		36,685	36,767
Depreciation	9,761		10,453		19,521	20,906
Taxes, other than income taxes	7,470		8,706		15,812	16,811
Total expenses	66,912		81,160		146,071	158,473
Total operating income	11,593		8,756		21,727	18,648
Allowance for equity funds used during construction	193		218		312	350
Equity in earnings of subsidiaries	0		0		0	0
Retirement defined benefits expense—other than service costs	193		(105)		387	(211)
Interest expense and other charges, net	(2,533)		(2,920)		(5,017)	(5,821)
Allowance for borrowed funds used during construction	62		91		98	147
Income before income taxes	9,508		6,040		17,507	13,113
Income taxes	2,196		1,241		3,994	3,011
Net income	7,312		4,799		13,513	10,102
Preferred stock dividends of subsidiaries	133		133		267	267
Net income attributable to Hawaiian Electric	7,179		4,666		13,246	9,835
Preferred stock dividends of Hawaiian Electric	0		0		0	0
Net income for common stock	7,179		4,666		13,246	9,835
Maui Electric | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Revenues	75,216		94,050		162,414	179,703
Expenses
Fuel oil	18,907		36,248		49,161	67,093
Purchased power	12,046		11,954		24,390	21,999
Other operation and maintenance	18,186		22,678		40,992	40,894
Depreciation	8,075		7,592		16,154	15,219
Taxes, other than income taxes	7,245		9,147		15,452	17,215
Total expenses	64,459		87,619		146,149	162,420
Total operating income	10,757		6,431		16,265	17,283
Allowance for equity funds used during construction	194		343		347	674
Equity in earnings of subsidiaries	0		0		0	0
Retirement defined benefits expense—other than service costs	(29)		(29)		(58)	(59)
Interest expense and other charges, net	(2,446)		(2,422)		(4,769)	(4,739)
Allowance for borrowed funds used during construction	64		126		114	246
Income before income taxes	8,540		4,449		11,899	13,405
Income taxes	1,847		933		2,374	3,114
Net income	6,693		3,516		9,525	10,291
Preferred stock dividends of subsidiaries	96		96		191	191
Net income attributable to Hawaiian Electric	6,597		3,420		9,334	10,100
Preferred stock dividends of Hawaiian Electric	0		0		0	0
Net income for common stock	6,597		3,420		9,334	10,100
Other subsidiaries | Reportable Legal Entities
Condensed Income Statements, Captions [Line Items]
Revenues	0		0		0	0
Expenses
Fuel oil	0		0		0	0
Purchased power	0		0		0	0
Other operation and maintenance	0		0		0	0
Depreciation	0		0		0	0
Taxes, other than income taxes	0		0		0	0
Total expenses	0		0		0	0
Total operating income	0		0		0	0
Allowance for equity funds used during construction	0		0		0	0
Equity in earnings of subsidiaries	0		0		0	0
Retirement defined benefits expense—other than service costs	0		0		0	0
Interest expense and other charges, net	0		0		0	0
Allowance for borrowed funds used during construction	0		0		0	0
Income before income taxes	0		0		0	0
Income taxes			0		0	0
Net income	0		0		0	0
Preferred stock dividends of subsidiaries	0		0		0	0
Net income attributable to Hawaiian Electric	0		0		0	0
Preferred stock dividends of Hawaiian Electric	0		0		0	0
Net income for common stock	0		0		0	0
Hawaiian Electric Company, Inc. and Subsidiaries
Condensed Income Statements, Captions [Line Items]
Revenues	534,215		633,784		1,131,657	1,212,279
Expenses
Fuel oil	112,451		181,620		285,672	342,229
Purchased power	136,838		162,854		276,654	297,299
Other operation and maintenance	110,041		119,260		237,588	237,390
Depreciation	55,696		53,913		111,546	107,860
Taxes, other than income taxes	51,388		60,443		108,438	115,247
Total expenses	466,414		578,090		1,019,898	1,100,025
Total operating income	67,801		55,694		111,759	112,254
Allowance for equity funds used during construction	2,194		3,175		4,209	6,085
Equity in earnings of subsidiaries	0		0		0	0
Retirement defined benefits expense—other than service costs	(382)		(701)		(763)	(1,404)
Interest expense and other charges, net	(17,338)		(18,530)		(33,932)	(36,516)
Allowance for borrowed funds used during construction	752		1,179		1,440	2,257
Income before income taxes	53,027		40,817		82,713	82,676
Income taxes	10,199		7,744		15,481	16,978
Net income	42,828		33,073		67,232	65,698
Preferred stock dividends of subsidiaries	229		229		458	458
Net income attributable to Hawaiian Electric	42,599		32,844		66,774	65,240
Preferred stock dividends of Hawaiian Electric	270		270		540	540
Net income for common stock	$ 42,329	$ 23,905	$ 32,574	$ 32,126	$ 66,234	$ 64,700

Electric utility segment - Co_2

Electric utility segment - Condensed consolidating statement of comprehensive income (loss) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Condensed Statement of Income Captions [Line Items]
Net income for common stock	$ 48,887	$ 33,420	$ 42,512	$ 45,688	$ 82,307	$ 88,200
Retirement benefit plans:
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of taxes	5,690		2,503		11,396	5,006
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes	(5,159)		(2,298)		(10,317)	(4,596)
Other comprehensive income (loss), net of taxes	(332)	18,212	13,699	9,241	17,880	22,940
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	48,555		56,211		100,187	111,140
Consolidating adjustments
Condensed Statement of Income Captions [Line Items]
Net income for common stock	(13,776)		(8,086)		(22,580)	(19,935)
Retirement benefit plans:
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of taxes	(1,401)		(641)		(2,801)	(1,282)
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes	1,401		640		2,800	1,280
Other comprehensive income (loss), net of taxes	0		(1)		(1)	(2)
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	(13,776)		(8,087)		(22,581)	(19,937)
Hawaiian Electric (parent only) | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Net income for common stock	42,329		32,574		66,234	64,700
Retirement benefit plans:
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of taxes	5,184		2,321		10,368	4,643
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes	(5,159)		(2,298)		(10,317)	(4,596)
Other comprehensive income (loss), net of taxes	25		23		51	47
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	42,354		32,597		66,285	64,747
HELCO | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Net income for common stock	7,179		4,666		13,246	9,835
Retirement benefit plans:
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of taxes	751		352		1,499	704
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes	(748)		(351)		(1,495)	(702)
Other comprehensive income (loss), net of taxes	3		1		4	2
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	7,182		4,667		13,250	9,837
Maui Electric | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Net income for common stock	6,597		3,420		9,334	10,100
Retirement benefit plans:
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of taxes	650		289		1,302	578
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes	(653)		(289)		(1,305)	(578)
Other comprehensive income (loss), net of taxes	(3)		0		(3)	0
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	6,594		3,420		9,331	10,100
Other subsidiaries | Reportable Legal Entities
Condensed Statement of Income Captions [Line Items]
Net income for common stock	0		0		0	0
Retirement benefit plans:
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of taxes	0		0		0	0
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes	0		0		0	0
Other comprehensive income (loss), net of taxes	0		0		0	0
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	0		0		0	0
Hawaiian Electric Company, Inc. and Subsidiaries
Condensed Statement of Income Captions [Line Items]
Net income for common stock	42,329	23,905	32,574	32,126	66,234	64,700
Retirement benefit plans:
Adjustment for amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of taxes	5,184		2,321		10,368	4,643
Reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes	(5,159)		(2,298)		(10,317)	(4,596)
Other comprehensive income (loss), net of taxes	25	$ 26	23	$ 24	51	47
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	$ 42,354		$ 32,597		$ 66,285	$ 64,747

Electric utility segment - Co_3

Electric utility segment - Condensed consolidating balance sheet (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Utility property, plant and equipment
Total property, plant and equipment, net	$ 5,181,427			$ 5,109,628
Current assets
Cash and Cash Equivalents, at Carrying Value	574,482			196,813	$ 198,549
Restricted Cash and Cash Equivalents	29,376			30,872	0
Other long-term assets
Operating lease right-of-use assets	184,759			199,171
Total assets	14,480,700		$ 13,745,251	13,745,251
Capitalization
Total shareholders’ equity	2,291,398		2,280,260	2,280,260	2,208,586	$ 2,183,515	$ 2,162,280
Cumulative preferred stock—not subject to mandatory redemption	0			0
Current liabilities
Interest and preferred dividends payable	24,396			24,941
Deferred credits and other liabilities
Deferred income taxes	368,834		379,324	379,324
Total liabilities and shareholders’ equity	14,480,700		$ 13,745,251	13,745,251
Consolidating adjustments
Utility property, plant and equipment
Land	0			0
Plant and equipment	0			0
Less accumulated depreciation	0			0
Construction in progress	0			0
Utility property, plant and equipment, net	0			0
Nonutility property, plant and equipment, less accumulated depreciation	0			0
Total property, plant and equipment, net	0			0
Investment in wholly owned subsidiaries, at equity	(599,198)			(591,969)
Current assets
Cash and Cash Equivalents, at Carrying Value	0			0
Restricted Cash and Cash Equivalents	0			0
Advances to affiliates	(13,500)			(35,700)
Customer accounts receivable, net	0			0
Accrued unbilled revenues, net	0			0
Other accounts receivable, net	(16,944)			(10,695)
Fuel oil stock, at average cost	0			0
Materials and supplies, at average cost	0			0
Prepayments and other	0			0
Regulatory assets	0			0
Total current assets	(30,444)			(46,395)
Other long-term assets
Operating lease right-of-use assets	0			0
Regulatory assets	0			0
Other	0			0
Total other long-term assets	0			0
Total assets	(629,642)			(638,364)
Capitalization
Total shareholders’ equity	(599,198)			(591,969)	(584,149)		(576,838)
Cumulative preferred stock—not subject to mandatory redemption	0			0
Long-term debt, net	0			0
Total capitalization	(599,198)			(591,969)
Current liabilities
Current portion of operating lease liabilities	0			0
Current portion of long-term debt	0			0
Short-term borrowings from non-affiliates	0			0
Short-term borrowings from affiliate	(13,500)			(35,700)
Accounts payable	0			0
Interest and preferred dividends payable	(6)			(46)
Taxes accrued	0			0
Regulatory liabilities	0			0
Other	(16,938)			(10,649)
Total current liabilities	(30,444)			(46,395)
Deferred credits and other liabilities
Operating lease liabilities	0			0
Deferred income taxes	0			0
Regulatory liabilities	0			0
Unamortized tax credits	0			0
Defined benefit pension and other postretirement benefit plans liability	0			0
Other	0			0
Total deferred credits and other liabilities	0			0
Total liabilities and shareholders’ equity	(629,642)			(638,364)
Hawaiian Electric (parent only) | Reportable Legal Entities
Utility property, plant and equipment
Land	42,389			42,598
Plant and equipment	4,859,373			4,765,362
Less accumulated depreciation	(1,636,504)			(1,591,241)
Construction in progress	170,655			165,137
Utility property, plant and equipment, net	3,435,913			3,381,856
Nonutility property, plant and equipment, less accumulated depreciation	5,308			5,310
Total property, plant and equipment, net	3,441,221			3,387,166
Investment in wholly owned subsidiaries, at equity	599,198			591,969
Current assets
Cash and Cash Equivalents, at Carrying Value	55,170			2,239
Restricted Cash and Cash Equivalents	29,376			30,749
Advances to affiliates	13,500			27,700
Customer accounts receivable, net	97,615			105,454
Accrued unbilled revenues, net	74,086			83,148
Other accounts receivable, net	19,409			18,396
Fuel oil stock, at average cost	30,477			69,003
Materials and supplies, at average cost	38,475			34,876
Prepayments and other	18,005			88,334
Regulatory assets	16,846			27,689
Total current assets	392,959			487,588
Other long-term assets
Operating lease right-of-use assets	159,169			174,886
Regulatory assets	460,493			476,390
Other	76,482			69,010
Total other long-term assets	696,144			720,286
Total assets	5,129,522			5,187,009
Capitalization
Total shareholders’ equity	2,060,069			2,047,352	1,971,762		1,957,641
Cumulative preferred stock—not subject to mandatory redemption	22,293			22,293
Long-term debt, net	1,116,186			1,006,737
Total capitalization	3,198,548			3,076,382
Current liabilities
Current portion of operating lease liabilities	64,405			63,582
Current portion of long-term debt	0			61,958
Short-term borrowings from non-affiliates	49,919			88,987
Short-term borrowings from affiliate	0			8,000
Accounts payable	79,071			139,056
Interest and preferred dividends payable	14,580			14,759
Taxes accrued	133,321			143,522
Regulatory liabilities	11,467			13,363
Other	55,378			51,295
Total current liabilities	408,141			584,522
Deferred credits and other liabilities
Operating lease liabilities	100,833			111,598
Deferred income taxes	261,044			265,864
Regulatory liabilities	674,621			664,894
Unamortized tax credits	84,885			86,852
Defined benefit pension and other postretirement benefit plans liability	340,672			339,471
Other	60,778			57,426
Total deferred credits and other liabilities	1,522,833			1,526,105
Total liabilities and shareholders’ equity	5,129,522			5,187,009
HELCO | Reportable Legal Entities
Utility property, plant and equipment
Land	5,606			5,606
Plant and equipment	1,321,091			1,313,727
Less accumulated depreciation	(586,351)			(574,615)
Construction in progress	20,181			9,993
Utility property, plant and equipment, net	760,527			754,711
Nonutility property, plant and equipment, less accumulated depreciation	115			114
Total property, plant and equipment, net	760,642			754,825
Investment in wholly owned subsidiaries, at equity	0			0
Current assets
Cash and Cash Equivalents, at Carrying Value	4,594			6,885
Restricted Cash and Cash Equivalents	0			123
Advances to affiliates	0			8,000
Customer accounts receivable, net	21,422			24,520
Accrued unbilled revenues, net	12,705			17,071
Other accounts receivable, net	3,592			1,907
Fuel oil stock, at average cost	14,965			8,901
Materials and supplies, at average cost	10,116			8,313
Prepayments and other	17,151			3,725
Regulatory assets	2,598			1,641
Total current assets	87,143			81,086
Other long-term assets
Operating lease right-of-use assets	1,490			1,537
Regulatory assets	104,707			109,163
Other	16,915			15,493
Total other long-term assets	123,112			126,193
Total assets	970,897			962,104
Capitalization
Total shareholders’ equity	304,088			298,998	300,619		295,874
Cumulative preferred stock—not subject to mandatory redemption	7,000			7,000
Long-term debt, net	216,400			206,416
Total capitalization	527,488			512,414
Current liabilities
Current portion of operating lease liabilities	97			94
Current portion of long-term debt	14,000			13,995
Short-term borrowings from non-affiliates	0			0
Short-term borrowings from affiliate	12,000			0
Accounts payable	14,408			25,629
Interest and preferred dividends payable	3,349			3,115
Taxes accrued	32,526			32,541
Regulatory liabilities	7,401			9,454
Other	17,181			11,362
Total current liabilities	100,962			96,190
Deferred credits and other liabilities
Operating lease liabilities	1,394			1,442
Deferred income taxes	52,485			53,534
Regulatory liabilities	178,861			178,474
Unamortized tax credits	15,773			16,196
Defined benefit pension and other postretirement benefit plans liability	69,719			69,928
Other	24,215			33,926
Total deferred credits and other liabilities	342,447			353,500
Total liabilities and shareholders’ equity	970,897			962,104
Maui Electric | Reportable Legal Entities
Utility property, plant and equipment
Land	3,612			3,612
Plant and equipment	1,173,377			1,161,199
Less accumulated depreciation	(535,689)			(524,301)
Construction in progress	23,651			17,944
Utility property, plant and equipment, net	664,951			658,454
Nonutility property, plant and equipment, less accumulated depreciation	1,532			1,532
Total property, plant and equipment, net	666,483			659,986
Investment in wholly owned subsidiaries, at equity	0			0
Current assets
Cash and Cash Equivalents, at Carrying Value	4,130			1,797
Restricted Cash and Cash Equivalents	0			0
Advances to affiliates	0			0
Customer accounts receivable, net	19,001			22,816
Accrued unbilled revenues, net	13,810			17,008
Other accounts receivable, net	4,358			1,960
Fuel oil stock, at average cost	15,037			14,033
Materials and supplies, at average cost	17,653			17,513
Prepayments and other	2,773			24,921
Regulatory assets	1,842			1,380
Total current assets	78,604			101,428
Other long-term assets
Operating lease right-of-use assets	370			386
Regulatory assets	96,084			98,817
Other	19,588			17,215
Total other long-term assets	116,042			116,418
Total assets	861,129			877,832
Capitalization
Total shareholders’ equity	295,009			292,870	283,429		280,863
Cumulative preferred stock—not subject to mandatory redemption	5,000			5,000
Long-term debt, net	228,369			188,561
Total capitalization	528,378			486,431
Current liabilities
Current portion of operating lease liabilities	32			31
Current portion of long-term debt	0			20,000
Short-term borrowings from non-affiliates	0			0
Short-term borrowings from affiliate	1,500			27,700
Accounts payable	13,599			23,085
Interest and preferred dividends payable	2,736			2,900
Taxes accrued	28,004			31,929
Regulatory liabilities	7,199			7,907
Other	16,070			15,297
Total current liabilities	69,140			128,849
Deferred credits and other liabilities
Operating lease liabilities	343			360
Deferred income taxes	57,523			57,752
Regulatory liabilities	98,231			98,218
Unamortized tax credits	14,348			14,820
Defined benefit pension and other postretirement benefit plans liability	69,459			69,364
Other	23,707			22,038
Total deferred credits and other liabilities	263,611			262,552
Total liabilities and shareholders’ equity	861,129			877,832
Other subsidiaries | Reportable Legal Entities
Utility property, plant and equipment
Land	0			0
Plant and equipment	0			0
Less accumulated depreciation	0			0
Construction in progress	0			0
Utility property, plant and equipment, net	0			0
Nonutility property, plant and equipment, less accumulated depreciation	0			0
Total property, plant and equipment, net	0			0
Investment in wholly owned subsidiaries, at equity	0			0
Current assets
Cash and Cash Equivalents, at Carrying Value	101			101
Restricted Cash and Cash Equivalents	0			0
Advances to affiliates	0			0
Customer accounts receivable, net	0			0
Accrued unbilled revenues, net	0			0
Other accounts receivable, net	0			0
Fuel oil stock, at average cost	0			0
Materials and supplies, at average cost	0			0
Prepayments and other	0			0
Regulatory assets	0			0
Total current assets	101			101
Other long-term assets
Operating lease right-of-use assets	0			0
Regulatory assets	0			0
Other	0			0
Total other long-term assets	0			0
Total assets	101			101
Capitalization
Total shareholders’ equity	101			101	101		101
Cumulative preferred stock—not subject to mandatory redemption	0			0
Long-term debt, net	0			0
Total capitalization	101			101
Current liabilities
Current portion of operating lease liabilities	0			0
Current portion of long-term debt	0			0
Short-term borrowings from non-affiliates	0			0
Short-term borrowings from affiliate	0			0
Accounts payable	0			0
Interest and preferred dividends payable	0			0
Taxes accrued	0			0
Regulatory liabilities	0			0
Other	0			0
Total current liabilities	0			0
Deferred credits and other liabilities
Operating lease liabilities	0			0
Deferred income taxes	0			0
Regulatory liabilities	0			0
Unamortized tax credits	0			0
Defined benefit pension and other postretirement benefit plans liability	0			0
Other	0			0
Total deferred credits and other liabilities	0			0
Total liabilities and shareholders’ equity	101			101
Hawaiian Electric Company, Inc. and Subsidiaries
Utility property, plant and equipment
Land	51,607			51,816
Plant and equipment	7,353,841			7,240,288
Less accumulated depreciation	(2,758,544)			(2,690,157)
Construction in progress	214,487			193,074
Utility property, plant and equipment, net	4,861,391			4,795,021
Nonutility property, plant and equipment, less accumulated depreciation	6,955			6,956
Total property, plant and equipment, net	4,868,346			4,801,977
Investment in wholly owned subsidiaries, at equity	0			0
Current assets
Cash and Cash Equivalents, at Carrying Value	63,995			11,022	23,361
Restricted Cash and Cash Equivalents	29,376			30,872	0
Advances to affiliates	0			0
Customer accounts receivable, net	138,038			152,790
Accrued unbilled revenues, net	100,601			117,227
Other accounts receivable, net	10,415			11,568
Fuel oil stock, at average cost	60,479			91,937
Materials and supplies, at average cost	66,244			60,702
Prepayments and other	37,929			116,980
Regulatory assets	21,286			30,710
Total current assets	528,363			623,808
Other long-term assets
Operating lease right-of-use assets	161,029			176,809
Regulatory assets	661,284			684,370
Other	112,985			101,718
Total other long-term assets	935,298			962,897
Total assets	6,332,007			6,388,682
Capitalization
Total shareholders’ equity	2,060,069	$ 2,044,499		2,047,352	$ 1,971,762	$ 1,964,478	$ 1,957,641
Cumulative preferred stock—not subject to mandatory redemption	34,293			34,293
Long-term debt, net	1,560,955			1,401,714
Total capitalization	3,655,317			3,483,359
Current liabilities
Current portion of operating lease liabilities	64,534			63,707
Current portion of long-term debt	14,000			95,953
Short-term borrowings from non-affiliates	49,919			88,987
Short-term borrowings from affiliate	0			0
Accounts payable	107,078			187,770
Interest and preferred dividends payable	20,659			20,728
Taxes accrued	193,851			207,992
Regulatory liabilities	26,067			30,724
Other	71,691			67,305
Total current liabilities	547,799			763,166
Deferred credits and other liabilities
Operating lease liabilities	102,570			113,400
Deferred income taxes	371,052			377,150
Regulatory liabilities	951,713			941,586
Unamortized tax credits	115,006			117,868
Defined benefit pension and other postretirement benefit plans liability	479,850			478,763
Other	108,700			113,390
Total deferred credits and other liabilities	2,128,891			2,142,157
Total liabilities and shareholders’ equity	$ 6,332,007			$ 6,388,682

Electric utility segment - Co_4

Electric utility segment - Condensed consolidating statement of changes in common stock equity (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Increase (decrease) in stockholders' equity
Beginning Balance		$ 2,280,260	$ 2,183,515	$ 2,162,280	$ 2,280,260	$ 2,162,280
Net income for common stock	$ 48,887	33,420	42,512	45,688	82,307	88,200
Other comprehensive income (loss), net of taxes	(332)	18,212	13,699	9,241	17,880	22,940
Common stock dividends	(36,017)	(36,019)	(34,860)	(34,860)
Ending Balance	2,291,398		2,208,586	2,183,515	2,291,398	2,208,586
Consolidating adjustments
Increase (decrease) in stockholders' equity
Beginning Balance		(591,969)		(576,838)	(591,969)	(576,838)
Net income for common stock	(13,776)		(8,086)		(22,580)	(19,935)
Other comprehensive income (loss), net of taxes	0		(1)		(1)	(2)
Common stock dividends					15,352	12,624
Common stock issuance expenses						2
Ending Balance	(599,198)		(584,149)		(599,198)	(584,149)
Hawaiian Electric (parent only) | Reportable Legal Entities
Increase (decrease) in stockholders' equity
Beginning Balance		2,047,352		1,957,641	2,047,352	1,957,641
Net income for common stock	42,329		32,574		66,234	64,700
Other comprehensive income (loss), net of taxes	25		23		51	47
Common stock dividends					(53,568)	(50,626)
Ending Balance	2,060,069		1,971,762		2,060,069	1,971,762
HELCO | Reportable Legal Entities
Increase (decrease) in stockholders' equity
Beginning Balance		298,998		295,874	298,998	295,874
Net income for common stock	7,179		4,666		13,246	9,835
Other comprehensive income (loss), net of taxes	3		1		4	2
Common stock dividends					(8,160)	(5,090)
Common stock issuance expenses						(2)
Ending Balance	304,088		300,619		304,088	300,619
Maui Electric | Reportable Legal Entities
Increase (decrease) in stockholders' equity
Beginning Balance		292,870		280,863	292,870	280,863
Net income for common stock	6,597		3,420		9,334	10,100
Other comprehensive income (loss), net of taxes	(3)		0		(3)	0
Common stock dividends					(7,192)	(7,534)
Ending Balance	295,009		283,429		295,009	283,429
Other subsidiaries | Reportable Legal Entities
Increase (decrease) in stockholders' equity
Beginning Balance		101		101	101	101
Net income for common stock	0		0		0	0
Other comprehensive income (loss), net of taxes	0		0		0	0
Ending Balance	101		101		101	101
Hawaiian Electric Company, Inc. and Subsidiaries
Increase (decrease) in stockholders' equity
Beginning Balance	2,044,499	2,047,352	1,964,478	1,957,641	2,047,352	1,957,641
Net income for common stock	42,329	23,905	32,574	32,126	66,234	64,700
Other comprehensive income (loss), net of taxes	25	26	23	24	51	47
Common stock dividends	(26,784)	(26,784)	(25,313)	(25,313)	(53,568)	(50,626)
Common stock issuance expenses						0
Ending Balance	$ 2,060,069	$ 2,044,499	$ 1,971,762	$ 1,964,478	$ 2,060,069	$ 1,971,762

Electric utility segment - Co_5

Electric utility segment - Condensed consolidating statement of cash flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Cash flows from operating activities
Net cash provided by operating activities	$ 197,383	$ 133,406
Cash flows from investing activities
Capital expenditures	(197,816)	(229,282)
Other	4,469	6,143
Net cash used in investing activities	(629,256)	(275,130)
Cash flows from financing activities
Common stock dividends	(72,037)	(69,720)
Proceeds from issuance of short-term debt	(119,211)	112,901
Proceeds from issuance of long-term debt	351,942	56,150
Repayment of short-term debt	(100,000)	0
Repayment of long-term debt and funds transferred for repayment of long-term debt	(177,245)	(52,489)
Net increase (decrease) in other bank borrowings with original maturities of three months or less	(20,135)	1,445
Other	(1,672)	1,189
Net cash provided by financing activities	808,046	171,065
Net increase in cash, cash equivalents and restricted cash	376,173	29,341
Cash, cash equivalents and restricted cash, beginning of period	227,685	169,208
Cash, cash equivalents and restricted cash, end of period	603,858	198,549
Less: Restricted cash	(29,376)	0	$ (30,872)
Cash and cash equivalents, end of period	574,482	198,549	196,813
Consolidating adjustments
Cash flows from operating activities
Net cash provided by operating activities	(15,407)	(12,624)
Cash flows from investing activities
Capital expenditures	0	0
Advances from affiliates	(22,200)	30,300
Other	55	0
Net cash used in investing activities	(22,145)	30,300
Cash flows from financing activities
Common stock dividends	15,352	12,624
Preferred stock dividends of Hawaiian Electric and subsidiaries	0	0
Proceeds from issuance of short-term debt	0	0
Proceeds from issuance of long-term debt	0	0
Repayment of short-term debt	0
Repayment of long-term debt and funds transferred for repayment of long-term debt	0	0
Net increase (decrease) in other bank borrowings with original maturities of three months or less	22,200	(30,300)
Other	0	0
Net cash provided by financing activities	37,552	(17,676)
Net increase in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash, beginning of period	0	0
Cash, cash equivalents and restricted cash, end of period	0	0
Less: Restricted cash	0		0
Cash and cash equivalents, end of period	0		0
Hawaiian Electric (parent only) | Reportable Legal Entities
Cash flows from operating activities
Net cash provided by operating activities	154,967	84,427
Cash flows from investing activities
Capital expenditures	(129,829)	(150,945)
Advances from affiliates	14,200	(25,300)
Other	4,354	2,821
Net cash used in investing activities	(111,275)	(173,424)
Cash flows from financing activities
Common stock dividends	(53,568)	(50,626)
Preferred stock dividends of Hawaiian Electric and subsidiaries	(540)	(540)
Proceeds from issuance of short-term debt	100,000	25,000
Proceeds from issuance of long-term debt	205,000	30,000
Repayment of short-term debt	(100,000)
Repayment of long-term debt and funds transferred for repayment of long-term debt	(95,000)	(31,546)
Net increase (decrease) in other bank borrowings with original maturities of three months or less	(46,987)	116,901
Other	(1,039)	197
Net cash provided by financing activities	7,866	89,386
Net increase in cash, cash equivalents and restricted cash	51,558	389
Cash, cash equivalents and restricted cash, beginning of period	32,988	16,732
Cash, cash equivalents and restricted cash, end of period	84,546	17,121
Less: Restricted cash	(29,376)		(30,749)
Cash and cash equivalents, end of period	55,170		2,239
HELCO
Cash flows from financing activities
Repayment of long-term debt and funds transferred for repayment of long-term debt	(14,000)
HELCO | Reportable Legal Entities
Cash flows from operating activities
Net cash provided by operating activities	20,307	16,406
Cash flows from investing activities
Capital expenditures	(30,785)	(18,083)
Advances from affiliates	8,000	(5,000)
Other	552	(280)
Net cash used in investing activities	(22,233)	(23,363)
Cash flows from financing activities
Common stock dividends	(8,160)	(5,090)
Preferred stock dividends of Hawaiian Electric and subsidiaries	(267)	(267)
Proceeds from issuance of short-term debt	0	0
Proceeds from issuance of long-term debt	10,000	10,000
Repayment of short-term debt	0
Repayment of long-term debt and funds transferred for repayment of long-term debt		(10,000)
Net increase (decrease) in other bank borrowings with original maturities of three months or less	12,000	0
Other	(61)	43
Net cash provided by financing activities	(488)	(5,314)
Net increase in cash, cash equivalents and restricted cash	(2,414)	(12,271)
Cash, cash equivalents and restricted cash, beginning of period	7,008	15,623
Cash, cash equivalents and restricted cash, end of period	4,594	3,352
Less: Restricted cash	0		(123)
Cash and cash equivalents, end of period	4,594		6,885
Maui Electric
Cash flows from financing activities
Repayment of long-term debt and funds transferred for repayment of long-term debt	0
Maui Electric | Reportable Legal Entities
Cash flows from operating activities
Net cash provided by operating activities	21,601	12,607
Cash flows from investing activities
Capital expenditures	(25,918)	(30,868)
Advances from affiliates	0	0
Other	480	(31)
Net cash used in investing activities	(25,438)	(30,899)
Cash flows from financing activities
Common stock dividends	(7,192)	(7,534)
Preferred stock dividends of Hawaiian Electric and subsidiaries	(191)	(191)
Proceeds from issuance of short-term debt	0	0
Proceeds from issuance of long-term debt	40,000	10,000
Repayment of short-term debt	0
Repayment of long-term debt and funds transferred for repayment of long-term debt		(10,000)
Net increase (decrease) in other bank borrowings with original maturities of three months or less	(26,200)	25,300
Other	(247)	83
Net cash provided by financing activities	6,170	17,658
Net increase in cash, cash equivalents and restricted cash	2,333	(634)
Cash, cash equivalents and restricted cash, beginning of period	1,797	3,421
Cash, cash equivalents and restricted cash, end of period	4,130	2,787
Less: Restricted cash	0		0
Cash and cash equivalents, end of period	4,130		1,797
Other subsidiaries
Cash flows from financing activities
Repayment of long-term debt and funds transferred for repayment of long-term debt	0
Other subsidiaries | Reportable Legal Entities
Cash flows from operating activities
Net cash provided by operating activities	0	0
Cash flows from investing activities
Capital expenditures	0	0
Advances from affiliates	0	0
Other	0	0
Net cash used in investing activities	0	0
Cash flows from financing activities
Common stock dividends	0	0
Preferred stock dividends of Hawaiian Electric and subsidiaries	0	0
Proceeds from issuance of short-term debt	0	0
Proceeds from issuance of long-term debt	0	0
Repayment of short-term debt	0
Repayment of long-term debt and funds transferred for repayment of long-term debt		0
Net increase (decrease) in other bank borrowings with original maturities of three months or less	0	0
Other	0	0
Net cash provided by financing activities	0	0
Net increase in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash, beginning of period	101	101
Cash, cash equivalents and restricted cash, end of period	101	101
Less: Restricted cash	0		0
Cash and cash equivalents, end of period	101		101
Hawaiian Electric Company, Inc. and Subsidiaries
Cash flows from operating activities
Net cash provided by operating activities	181,468	100,816
Cash flows from investing activities
Capital expenditures	(186,532)	(199,896)
Advances from affiliates	0	0
Other	5,441	2,510
Net cash used in investing activities	(181,091)	(197,386)
Cash flows from financing activities
Common stock dividends	(53,568)	(50,626)
Preferred stock dividends of Hawaiian Electric and subsidiaries	(998)	(998)
Proceeds from issuance of short-term debt	100,000	25,000
Proceeds from issuance of long-term debt	255,000	50,000
Repayment of short-term debt	(100,000)	0
Repayment of long-term debt and funds transferred for repayment of long-term debt	(109,000)	(51,546)
Net increase (decrease) in other bank borrowings with original maturities of three months or less	(38,987)	111,901
Other	(1,347)	323
Net cash provided by financing activities	51,100	84,054
Net increase in cash, cash equivalents and restricted cash	51,477	(12,516)
Cash, cash equivalents and restricted cash, beginning of period	41,894	35,877
Cash, cash equivalents and restricted cash, end of period	93,371	23,361
Less: Restricted cash	(29,376)	0	(30,872)
Cash and cash equivalents, end of period	$ 63,995	$ 23,361	$ 11,022

Bank segment - Income statement

Bank segment - Income statement data (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Noninterest income
Noninterest income	$ 532,921		$ 660,421		$ 1,151,526	$ 1,237,811
Noninterest expense
Income before income taxes	60,230		52,694		99,926	110,733
Income taxes	10,870		9,709		16,673	21,587
Net income	49,360		42,985		83,253	89,146
Other comprehensive income (loss), net of tax (benefits)	(332)	$ 18,212	13,699	$ 9,241	17,880	22,940
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	48,555		56,211		100,187	111,140
COVID-19 related costs	3,700				3,800
Incremental compensation expense	2,300				2,300
Enhanced cleaning and sanitation costs	1,100				1,100
American Savings Bank (ASB)
Interest and dividend income
Interest and fees on loans	53,541		58,620		109,086	116,480
Interest and dividends on investment securities	6,288		7,535		15,718	18,163
Total interest and dividend income	59,829		66,155		124,804	134,643
Interest expense
Interest on deposit liabilities	3,071		4,287		6,658	8,539
Interest on other borrowings	75		411		388	939
Total interest expense	3,146		4,698		7,046	9,478
Net interest income	56,683		61,457		117,758	125,165
Provision for credit losses	15,133		7,688		25,534	14,558
Net interest income after provision for credit losses	41,550		53,769		92,224	110,607
Noninterest income
Total noninterest income	24,160		15,532		38,923	30,096
Noninterest expense
Compensation and employee benefits	25,079		25,750		50,856	51,262
Occupancy	5,442		5,479		10,709	10,149
Data processing	3,849		3,852		7,686	7,590
Services	2,474		2,606		5,283	5,032
Equipment	2,290		2,189		4,629	4,253
Office supplies, printing and postage	1,049		1,663		2,390	3,023
Marketing	379		1,323		1,181	2,313
FDIC insurance	751		628		853	1,254
Other expense1	7,063		4,519		11,257	8,373
Total noninterest expense	48,376		48,009		94,844	93,249
Income before income taxes	17,334		21,292		36,303	47,454
Income taxes	3,320		4,276		6,528	9,599
Net income	14,014		17,016		29,775	37,855
Other comprehensive income (loss), net of tax (benefits)	(280)		14,275		19,567	20,527
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	13,734		31,291		49,342	58,382
American Savings Bank (ASB) | Fees from other financial services
Noninterest income
Noninterest income	3,102		4,798		7,673	9,360
American Savings Bank (ASB) | Fee income on deposit liabilities
Noninterest income
Noninterest income	2,897		5,004		8,010	10,082
American Savings Bank (ASB) | Fee income on other financial products
Noninterest income
Noninterest income	1,212		1,830		3,084	3,423
American Savings Bank (ASB) | Bank-owned life insurance
Noninterest income
Noninterest income	1,673		2,390		2,467	4,649
American Savings Bank (ASB) | Mortgage banking income
Noninterest income
Noninterest income	6,252		976		8,252	1,590
American Savings Bank (ASB) | Gain on sale of investment securities, net
Noninterest income
Noninterest income	9,275		0		9,275	0
American Savings Bank (ASB) | Other income, net
Noninterest income
Noninterest income	$ (251)		$ 534		$ 162	$ 992

Bank segment - Reconciliation o

Bank segment - Reconciliation of Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Condensed Income Statements, Captions [Line Items]
Gain on sale of investment securities, net	$ 9,275	$ 0	$ 9,275	$ 0
Total revenues	608,945	715,485	1,286,131	1,377,100
Total revenues	608,945	715,485	1,286,131	1,377,100
Retirement defined benefits gain (expense)--other than service costs	(934)	(761)	(1,868)	(1,524)
Total expenses	537,389	642,851	1,154,873	1,226,529
Operating income	71,556	72,634	131,258	150,571
Income before income taxes	60,230	52,694	99,926	110,733
American Savings Bank (ASB)
Condensed Income Statements, Captions [Line Items]
Interest and dividend income	59,829	66,155	124,804	134,643
Total noninterest income	24,160	15,532	38,923	30,096
Gain on sale of investment securities, net	(9,275)	0	(9,275)	0
Total revenues	74,714	81,687	154,452	164,739
Total interest expense	3,146	4,698	7,046	9,478
Provision for credit losses	15,133	7,688	25,534	14,558
Noninterest expense	48,376	48,009	94,844	93,249
Retirement defined benefits gain (expense)--other than service costs	434	(40)	868	(80)
Total expenses	66,221	60,435	126,556	117,365
Operating income	8,493	21,252	27,896	47,374
Income before income taxes	$ 17,334	$ 21,292	$ 36,303	$ 47,454

Bank segment - Balance sheet da

Bank segment - Balance sheet data (Details) - USD ($)	Jun. 30, 2020	Jan. 01, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Assets
Available-for-sale investment securities, at fair value	$ 1,389,633,000		$ 1,232,826,000
Held-to-maturity investment securities, at amortized cost	124,623,000		139,451,000
Stock in Federal Home Loan Bank, at cost	9,880,000		8,434,000
Net loans	5,356,510,000	$ 5,067,821,000	5,067,821,000
Loans held for sale, at lower of cost or fair value	37,143,000		12,286,000
Other	556,793,000		649,885,000
Goodwill	82,190,000		82,190,000
Total assets	14,480,700,000	13,745,251,000	13,745,251,000
Liabilities
Other	580,082,000	583,545,000	583,545,000
Total liabilities	12,155,009,000	11,430,698,000	11,430,698,000
Commitments and contingencies
Retained earnings	616,941,000	622,042,000	622,042,000
Accumulated other comprehensive income (loss), net of taxes
Accumulated other comprehensive loss, net of tax benefits	(2,159,000)		(20,039,000)
Total shareholders’ equity	2,291,398,000	2,280,260,000	2,280,260,000	$ 2,208,586,000	$ 2,183,515,000	$ 2,162,280,000
Total liabilities and shareholders’ equity	14,480,700,000	13,745,251,000	13,745,251,000
Other assets
Premises and equipment, net	5,181,427,000		5,109,628,000
Other	556,793,000		649,885,000
Other liabilities
Total other liabilities	580,082,000	$ 583,545,000	583,545,000
Balance Sheet related disclosures
Held-to-maturity investment securities	131,131,000		143,467,000
Securities sold under agreements to repurchase	95,000,000		115,000,000
Federal funds purchased	0		0
American Savings Bank (ASB)
Assets
Cash and due from banks	140,968,000		129,770,000
Interest-bearing deposits	365,996,000		48,628,000
Available-for-sale investment securities, at fair value	1,389,633,000		1,232,826,000
Held-to-maturity investment securities, at amortized cost	124,623,000		139,451,000
Stock in Federal Home Loan Bank, at cost	9,880,000		8,434,000
Loans held for investment	5,437,817,000		5,121,176,000
Allowance for credit losses	(81,307,000)		(53,355,000)
Net loans	5,356,510,000		5,067,821,000
Loans held for sale, at lower of cost or fair value	37,143,000		12,286,000
Other	512,722,000		511,611,000
Goodwill	82,190,000		82,190,000
Total assets	8,019,665,000		7,233,017,000
Liabilities
Deposit liabilities—noninterest-bearing	2,422,042,000		1,909,682,000
Deposit liabilities—interest-bearing	4,607,910,000		4,362,220,000
Other borrowings	124,975,000		115,110,000
Other	158,344,000		146,954,000
Total liabilities	7,313,271,000		6,533,966,000
Commitments and contingencies
Common stock	1,000		1,000
Additional paid-in capital	350,826,000		349,453,000
Retained earnings	344,662,000		358,259,000
Accumulated other comprehensive income (loss), net of taxes
Net unrealized gains on securities	21,264,000		2,481,000
Retirement benefit plans	(10,359,000)		(11,143,000)
Accumulated other comprehensive loss, net of tax benefits	10,905,000		(8,662,000)
Total shareholders’ equity	706,394,000		699,051,000
Total liabilities and shareholders’ equity	8,019,665,000		7,233,017,000
Other assets
Bank-owned life insurance	159,951,000		157,465,000
Premises and equipment, net	203,217,000		204,449,000
Accrued interest receivable	23,381,000		19,365,000
Mortgage-servicing rights	9,647,000		9,101,000
Low-income housing investments	61,632,000		66,302,000
Real estate acquired in settlement of loans, net	43,000		0
Other	54,851,000		54,929,000
Other	512,722,000		511,611,000
Other liabilities
Accrued expenses	40,382,000		45,822,000
Federal and state income taxes payable	18,021,000		14,996,000
Cashier’s checks	25,284,000		23,647,000
Advance payments by borrowers	10,458,000		10,486,000
Other	64,199,000		52,003,000
Total other liabilities	158,344,000		146,954,000
Balance Sheet related disclosures
Held-to-maturity investment securities	131,131,000		143,467,000
Securities sold under agreements to repurchase	95,000,000		115,000,000
Advances from the Federal Home Loan Bank	$ 30,000,000		$ 0

Bank segment - Components of in

Bank segment - Components of investment securities (Details) $ in Thousands	Jun. 30, 2020USD ($)issue	Dec. 31, 2019USD ($)issue
Debt Securities, Available-for-sale [Abstract]
Amortized cost	$ 1,360,585	$ 1,229,438
Gross unrealized gains	29,328	8,015
Gross unrealized losses	(280)	(4,627)
Estimated fair value	$ 1,389,633	$ 1,232,826
Gross unrealized losses, Less than 12 months, Number of issues | issue	6	21
Gross unrealized losses, Less than 12 months, Fair value	$ 96,296	$ 156,181
Gross unrealized losses, Less than 12 months, Amount	$ (258)	$ (830)
Gross unrealized losses, 12 months or longer, Number of issues | issue	1	78
Gross unrealized losses, 12 months or longer, Fair value	$ 1,803	$ 345,657
Gross unrealized losses, 12 months or longer, Amount	(22)	(3,797)
Debt Securities, Held-to-maturity [Abstract]
Amortized cost	124,623	139,451
Gross unrealized gains	6,508	4,087
Gross unrealized losses	0	(71)
Held-to-maturity investment securities	$ 131,131	$ 143,467
Less Than 12 Months: Number Of Issues | issue	0	1
Less than 12 Months: Fair value	$ 0	$ 12,986
Less than 12 Months: Amount	$ 0	$ (71)
12 months or longer: Number of issues | issue	0	0
12 months or longer: Fair value	$ 0	$ 0
12 months or longer: Amount	0	0
U.S. Treasury and federal agency obligations
Debt Securities, Available-for-sale [Abstract]
Amortized cost	100,195	117,255
Gross unrealized gains	2,219	652
Gross unrealized losses	0	(120)
Estimated fair value	$ 102,414	$ 117,787
Gross unrealized losses, Less than 12 months, Number of issues | issue	0	2
Gross unrealized losses, Less than 12 months, Fair value	$ 0	$ 4,110
Gross unrealized losses, Less than 12 months, Amount	$ 0	$ (11)
Gross unrealized losses, 12 months or longer, Number of issues | issue	0	3
Gross unrealized losses, 12 months or longer, Fair value	$ 0	$ 27,637
Gross unrealized losses, 12 months or longer, Amount	0	(109)
Mortgage-backed securities*
Debt Securities, Available-for-sale [Abstract]
Amortized cost	1,201,796	1,024,892
Gross unrealized gains	25,469	6,000
Gross unrealized losses	(280)	(4,507)
Estimated fair value	$ 1,226,985	$ 1,026,385
Gross unrealized losses, Less than 12 months, Number of issues | issue	6	19
Gross unrealized losses, Less than 12 months, Fair value	$ 96,296	$ 152,071
Gross unrealized losses, Less than 12 months, Amount	$ (258)	$ (819)
Gross unrealized losses, 12 months or longer, Number of issues | issue	1	75
Gross unrealized losses, 12 months or longer, Fair value	$ 1,803	$ 318,020
Gross unrealized losses, 12 months or longer, Amount	(22)	(3,688)
Debt Securities, Held-to-maturity [Abstract]
Amortized cost	124,623	139,451
Gross unrealized gains	6,508	4,087
Gross unrealized losses	0	(71)
Held-to-maturity investment securities	$ 131,131	$ 143,467
Less Than 12 Months: Number Of Issues | issue	0	1
Less than 12 Months: Fair value	$ 0	$ 12,986
Less than 12 Months: Amount	$ 0	$ (71)
12 months or longer: Number of issues | issue	0	0
12 months or longer: Fair value	$ 0	$ 0
12 months or longer: Amount	0	0
Corporate bonds
Debt Securities, Available-for-sale [Abstract]
Amortized cost	29,767	58,694
Gross unrealized gains	1,640	1,363
Gross unrealized losses	0	0
Estimated fair value	$ 31,407	$ 60,057
Gross unrealized losses, Less than 12 months, Number of issues | issue	0	0
Gross unrealized losses, Less than 12 months, Fair value	$ 0	$ 0
Gross unrealized losses, Less than 12 months, Amount	$ 0	$ 0
Gross unrealized losses, 12 months or longer, Number of issues | issue	0	0
Gross unrealized losses, 12 months or longer, Fair value	$ 0	$ 0
Gross unrealized losses, 12 months or longer, Amount	0	0
Mortgage revenue bonds
Debt Securities, Available-for-sale [Abstract]
Amortized cost	28,827	28,597
Gross unrealized gains	0	0
Gross unrealized losses	0	0
Estimated fair value	$ 28,827	$ 28,597
Gross unrealized losses, Less than 12 months, Number of issues | issue	0	0
Gross unrealized losses, Less than 12 months, Fair value		$ 0
Gross unrealized losses, Less than 12 months, Amount		$ 0
Gross unrealized losses, 12 months or longer, Number of issues | issue	0	0
Gross unrealized losses, 12 months or longer, Fair value	$ 0	$ 0
Gross unrealized losses, 12 months or longer, Amount	$ 0	$ 0

Bank segment - Contractual matu

Bank segment - Contractual maturities of securities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Available-for-sale Securities, Debt Maturities [Abstract]
Due in one year or less	$ 65,330
Due after one year through five years	44,570
Due after five years through ten years	33,462
Due after ten years	15,427
Total amortized cost	158,789
Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies	1,201,796
Amortized cost	1,360,585	$ 1,229,438
Held-to-Maturity, Debt Securities, Amortized Cost [Abstract]
Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies	124,623
Amortized cost	124,623	139,451
Available-for-sale Securities, Debt Securities, Fair Value [Abstract]
Due in one year or less	65,776
Due after one year through five years	46,378
Due after five years through ten years	35,067
Due after ten years	15,427
Total fair value	162,648
Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies	1,226,985
Total available-for-sale securities	1,389,633	1,232,826
Held-to-maturity Securities, Debt Securities, Fair Value [Abstract]
Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies	131,131
Total held-to-maturity securities	$ 131,131	$ 143,467

Bank segment - Available-for-sa

Bank segment - Available-for-sale securities, narrative (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Bank Subsidiary [Abstract]
Proceeds from sale of available-for-sale investment securities	$ 169,200,000	$ 0	$ 169,157,000	$ 0
Gross realized gains on available-for-sale securities	9,300,000	0	9,300,000	0
Gross realized losses on available-for-sale securities	0	$ 0	0	$ 0
Tax expense on realized gains	$ 2,500,000		$ 2,500,000

Bank segment - Loans receivable

Bank segment - Loans receivable (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 5,450,802		$ 5,120,664
Deferred fees and discounts	(12,985)		512
Allowance for credit losses	(81,307)	$ (77,084)	(53,355)	$ (58,425)	$ (54,297)	$ (52,119)
Total financing receivables	$ 5,356,510		5,067,821
Minimum benchmark percentage of loan to appraisal ratio which mortgage insurance is required	80.00%
Real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 4,160,943		4,192,069
Real estate | Residential 1-4 family
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	2,123,226		2,178,135
Allowance for credit losses	(3,911)	(4,476)	(2,380)	(2,015)	(1,911)	(1,976)
Real estate | Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	855,566		824,830
Allowance for credit losses	(21,100)	(16,587)	(15,053)	(15,811)	(14,825)	(14,505)
Total financing receivables			824,830
Real estate | Home equity line of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	1,065,264		1,092,125
Allowance for credit losses	(6,214)	(6,225)	(6,922)	(6,881)	(6,493)	(6,371)
Real estate | Residential land
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	13,224		14,704
Allowance for credit losses	(356)	(352)	(449)	(537)	(425)	(479)
Real estate | Commercial construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	92,904		70,605
Allowance for credit losses	(4,757)	(3,446)	(2,097)	(2,046)	(2,843)	(2,790)
Total financing receivables			70,605
Real estate | Residential construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	10,759		11,670
Allowance for credit losses	(14)	(14)	(3)	(2)	(3)	(4)
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	1,073,829		670,674
Allowance for credit losses	(13,868)	(12,977)	(10,245)	(13,073)	(10,814)	(9,225)
Total financing receivables			670,674
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	216,030		257,921
Allowance for credit losses	$ (31,087)	$ (33,007)	$ (16,206)	$ (18,060)	$ (16,983)	$ (16,769)

Bank segment - Allowance for cr

Bank segment - Allowance for credit losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period	$ 77,084	$ 54,297	$ 53,355	$ 52,119
Charge-offs	(7,380)	(5,624)	(14,011)	(11,815)
Recoveries	770	2,064	1,788	3,563
Provision	10,833	7,688	20,734	14,558
Valuation allowance, balance at the end of the period	81,307	58,425	81,307	58,425
Total	5,450,802		5,450,802		$ 5,120,664
Ending balance: individually evaluated for impairment					2,691
Ending balance: collectively evaluated for impairment					50,664
Financing Receivables:
Loans and leases receivable before fees, gross	5,356,510		5,356,510		5,067,821
Ending balance: individually evaluated for impairment					40,737
Ending balance: collectively evaluated for impairment					5,079,927
Real estate
Allowance for credit losses:
Total	4,160,943		4,160,943		4,192,069
Real estate | Residential 1-4 family
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period	4,476	1,911	2,380	1,976
Charge-offs	(7)	(5)	(7)	(19)
Recoveries	2	8	55	617
Provision	(560)	101	(667)	(559)
Valuation allowance, balance at the end of the period	3,911	2,015	3,911	2,015
Total	2,123,226		2,123,226		2,178,135
Ending balance: individually evaluated for impairment					898
Ending balance: collectively evaluated for impairment					1,482
Financing Receivables:
Ending balance: individually evaluated for impairment					15,600
Ending balance: collectively evaluated for impairment					2,162,535
Real estate | Commercial real estate
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period	16,587	14,825	15,053	14,505
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	4,513	986	5,839	1,306
Valuation allowance, balance at the end of the period	21,100	15,811	21,100	15,811
Total	855,566		855,566		824,830
Ending balance: individually evaluated for impairment					2
Ending balance: collectively evaluated for impairment					15,051
Financing Receivables:
Loans and leases receivable before fees, gross					824,830
Ending balance: individually evaluated for impairment					1,048
Ending balance: collectively evaluated for impairment					823,782
Real estate | Home equity line of credit
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period	6,225	6,493	6,922	6,371
Charge-offs	0	(19)	0	(19)
Recoveries	0	4	6	9
Provision	(11)	403	(173)	520
Valuation allowance, balance at the end of the period	6,214	6,881	6,214	6,881
Total	1,065,264		1,065,264		1,092,125
Ending balance: individually evaluated for impairment					322
Ending balance: collectively evaluated for impairment					6,600
Financing Receivables:
Ending balance: individually evaluated for impairment					12,073
Ending balance: collectively evaluated for impairment					1,080,052
Real estate | Residential land
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period	352	425	449	479
Charge-offs	(343)	(4)	(351)	(4)
Recoveries	5	7	14	14
Provision	342	109	308	48
Valuation allowance, balance at the end of the period	356	537	356	537
Total	13,224		13,224		14,704
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment					449
Financing Receivables:
Ending balance: individually evaluated for impairment					3,091
Ending balance: collectively evaluated for impairment					11,613
Real estate | Commercial construction
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period	3,446	2,843	2,097	2,790
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	1,311	(797)	2,371	(744)
Valuation allowance, balance at the end of the period	4,757	2,046	4,757	2,046
Total	92,904		92,904		70,605
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment					2,097
Financing Receivables:
Loans and leases receivable before fees, gross					70,605
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment					70,605
Real estate | Residential construction
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period	14	3	3	4
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	0	(1)	(3)	(2)
Valuation allowance, balance at the end of the period	14	2	14	2
Total	10,759		10,759		11,670
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment					3
Financing Receivables:
Ending balance: individually evaluated for impairment					0
Ending balance: collectively evaluated for impairment					11,670
Commercial
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period	12,977	10,814	10,245	9,225
Charge-offs	(699)	(494)	(1,068)	(1,112)
Recoveries	106	1,281	292	1,461
Provision	1,484	1,472	3,477	3,499
Valuation allowance, balance at the end of the period	13,868	13,073	13,868	13,073
Total	1,073,829		1,073,829		670,674
Ending balance: individually evaluated for impairment					1,015
Ending balance: collectively evaluated for impairment					9,230
Financing Receivables:
Loans and leases receivable before fees, gross					670,674
Ending balance: individually evaluated for impairment					8,418
Ending balance: collectively evaluated for impairment					662,256
Consumer
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period	33,007	16,983	16,206	16,769
Charge-offs	(6,331)	(5,102)	(12,585)	(10,661)
Recoveries	657	764	1,421	1,462
Provision	3,754	5,415	9,582	10,490
Valuation allowance, balance at the end of the period	31,087	$ 18,060	31,087	$ 18,060
Total	$ 216,030		216,030		257,921
Ending balance: individually evaluated for impairment					454
Ending balance: collectively evaluated for impairment					15,752
Financing Receivables:
Ending balance: individually evaluated for impairment					507
Ending balance: collectively evaluated for impairment					$ 257,414
Impact of ASU No. 2016-13
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period			19,441
Impact of ASU No. 2016-13 | Real estate | Residential 1-4 family
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period			2,150
Impact of ASU No. 2016-13 | Real estate | Commercial real estate
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period			208
Impact of ASU No. 2016-13 | Real estate | Home equity line of credit
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period			(541)
Impact of ASU No. 2016-13 | Real estate | Residential land
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period			(64)
Impact of ASU No. 2016-13 | Real estate | Commercial construction
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period			289
Impact of ASU No. 2016-13 | Real estate | Residential construction
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period			14
Impact of ASU No. 2016-13 | Commercial
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period			922
Impact of ASU No. 2016-13 | Consumer
Allowance for credit losses:
Valuation allowance, balance at the beginning of the period			$ 16,463

Bank segment - Allowance for lo

Bank segment - Allowance for loan commitments (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Allowance for loan commitments:
Beginning balance	$ 1,741	$ 3,800	$ 1,741
Provision		4,300	4,800
Ending balance		8,100	$ 8,100	$ 1,741
Accounting Standards Update [Extensible List]	us-gaap:AccountingStandardsUpdate201613Member		us-gaap:AccountingStandardsUpdate201613Member	us-gaap:AccountingStandardsUpdate201613Member
Real estate | Home equity line of credit
Allowance for loan commitments:
Beginning balance	$ 392	300	$ 392
Provision		0	0
Ending balance		300	300	$ 392
Real estate | Commercial construction
Allowance for loan commitments:
Beginning balance	931	3,191	931
Provision		4,309	4,824
Ending balance		7,500	7,500	931
Commercial
Allowance for loan commitments:
Beginning balance	418	309	418
Provision		(9)	(24)
Ending balance		$ 300	300	418
Impact of ASU No. 2016-13
Allowance for loan commitments:
Beginning balance	1,559		1,559
Ending balance	2,000			1,559
Impact of ASU No. 2016-13 | Real estate | Home equity line of credit
Allowance for loan commitments:
Beginning balance	(92)		(92)
Ending balance				(92)
Impact of ASU No. 2016-13 | Real estate | Commercial construction
Allowance for loan commitments:
Beginning balance	1,745		1,745
Ending balance				1,745
Impact of ASU No. 2016-13 | Commercial
Allowance for loan commitments:
Beginning balance	$ (94)		$ (94)
Ending balance				$ (94)

Bank segment - Credit risk prof

Bank segment - Credit risk profile - payment activity and assigned grades (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Credit risk profile by internally assigned grade for loans
June 30, 2020	$ 771,600
December 31, 2019	695,446
December 31, 2018	488,691
December 31, 2017	407,684
December 31, 2016	408,551
Prior	1,391,212
Revolving	1,221,590
Converted to term loans	66,028
Total	5,450,802	$ 5,120,664
Real estate
Credit risk profile by internally assigned grade for loans
Total	4,160,943	4,192,069
Real estate | Residential 1-4 family
Credit risk profile by internally assigned grade for loans
June 30, 2020	176,536
December 31, 2019	272,951
December 31, 2018	165,584
December 31, 2017	258,464
December 31, 2016	215,920
Prior	1,033,771
Revolving	0
Converted to term loans	0
Total	2,123,226	2,178,135
Real estate | Home equity line of credit
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	0
Revolving	1,030,145
Converted to term loans	35,119
Total	1,065,264	1,092,125
Conversion of debt	8,700
Real estate | Residential land
Credit risk profile by internally assigned grade for loans
June 30, 2020	2,095
December 31, 2019	4,975
December 31, 2018	2,024
December 31, 2017	2,041
December 31, 2016	22
Prior	2,067
Revolving	0
Converted to term loans	0
Total	13,224	14,704
Real estate | Residential construction
Credit risk profile by internally assigned grade for loans
June 30, 2020	2,725
December 31, 2019	5,034
December 31, 2018	974
December 31, 2017	2,026
December 31, 2016	0
Prior	0
Revolving	0
Converted to term loans	0
Total	10,759	11,670
Real estate | Commercial real estate
Credit risk profile by internally assigned grade for loans
June 30, 2020	99,566
December 31, 2019	119,500
December 31, 2018	134,836
December 31, 2017	65,395
December 31, 2016	129,333
Prior	289,717
Revolving	17,219
Converted to term loans	0
Total	855,566	824,830
Real estate | Commercial construction
Credit risk profile by internally assigned grade for loans
June 30, 2020	7,752
December 31, 2019	13,458
December 31, 2018	29,873
December 31, 2017	18,000
December 31, 2016	7,472
Prior	2,289
Revolving	14,060
Converted to term loans	0
Total	92,904	70,605
Consumer
Credit risk profile by internally assigned grade for loans
June 30, 2020	25,469
December 31, 2019	90,480
December 31, 2018	56,187
December 31, 2017	15,772
December 31, 2016	1,717
Prior	505
Revolving	22,563
Converted to term loans	3,337
Total	216,030	257,921
Conversion of debt	1,400
Commercial
Credit risk profile by internally assigned grade for loans
June 30, 2020	457,457
December 31, 2019	189,048
December 31, 2018	99,213
December 31, 2017	45,986
December 31, 2016	54,087
Prior	62,863
Revolving	137,603
Converted to term loans	27,572
Total	1,073,829	$ 670,674
Conversion of debt	13,700
Pass | Real estate | Commercial real estate
Credit risk profile by internally assigned grade for loans
June 30, 2020	89,882
December 31, 2019	77,350
December 31, 2018	78,115
December 31, 2017	29,390
December 31, 2016	56,246
Prior	172,941
Revolving	17,219
Converted to term loans	0
Total	521,143
Pass | Real estate | Commercial construction
Credit risk profile by internally assigned grade for loans
June 30, 2020	6,933
December 31, 2019	13,458
December 31, 2018	29,873
December 31, 2017	0
December 31, 2016	7,472
Prior	0
Revolving	14,060
Converted to term loans	0
Total	71,796
Pass | Commercial
Credit risk profile by internally assigned grade for loans
June 30, 2020	450,699
December 31, 2019	154,672
December 31, 2018	94,309
December 31, 2017	33,771
December 31, 2016	13,876
Prior	38,911
Revolving	92,475
Converted to term loans	14,868
Total	893,581
Special Mention | Real estate | Commercial real estate
Credit risk profile by internally assigned grade for loans
June 30, 2020	9,684
December 31, 2019	41,662
December 31, 2018	54,791
December 31, 2017	35,400
December 31, 2016	69,418
Prior	60,098
Revolving	0
Converted to term loans	0
Total	271,053
Special Mention | Real estate | Commercial construction
Credit risk profile by internally assigned grade for loans
June 30, 2020	819
December 31, 2019	0
December 31, 2018	0
December 31, 2017	18,000
December 31, 2016	0
Prior	0
Revolving	0
Converted to term loans	0
Total	18,819
Special Mention | Commercial
Credit risk profile by internally assigned grade for loans
June 30, 2020	6,593
December 31, 2019	29,695
December 31, 2018	4,759
December 31, 2017	10,578
December 31, 2016	38,970
Prior	20,813
Revolving	44,521
Converted to term loans	11,222
Total	167,151
Substandard | Real estate | Commercial real estate
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	488
December 31, 2018	1,930
December 31, 2017	605
December 31, 2016	3,669
Prior	56,678
Revolving	0
Converted to term loans	0
Total	63,370
Substandard | Real estate | Commercial construction
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	2,289
Revolving	0
Converted to term loans	0
Total	2,289
Substandard | Commercial
Credit risk profile by internally assigned grade for loans
June 30, 2020	165
December 31, 2019	4,681
December 31, 2018	145
December 31, 2017	1,637
December 31, 2016	1,241
Prior	3,139
Revolving	607
Converted to term loans	1,482
Total	13,097
Doubtful | Real estate | Commercial real estate
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	0
Revolving	0
Converted to term loans	0
Total	0
Doubtful | Real estate | Commercial construction
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	0
Revolving	0
Converted to term loans	0
Total	0
Doubtful | Commercial
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	0
Revolving	0
Converted to term loans	0
Total	0
Current | Real estate | Residential 1-4 family
Credit risk profile by internally assigned grade for loans
June 30, 2020	176,536
December 31, 2019	272,951
December 31, 2018	165,584
December 31, 2017	258,111
December 31, 2016	215,920
Prior	1,029,434
Revolving	0
Converted to term loans	0
Total	2,118,536
Current | Real estate | Home equity line of credit
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	0
Revolving	1,027,589
Converted to term loans	33,797
Total	1,061,386
Current | Real estate | Residential land
Credit risk profile by internally assigned grade for loans
June 30, 2020	2,095
December 31, 2019	4,975
December 31, 2018	2,024
December 31, 2017	2,041
December 31, 2016	22
Prior	2,067
Revolving	0
Converted to term loans	0
Total	13,224
Current | Real estate | Residential construction
Credit risk profile by internally assigned grade for loans
June 30, 2020	2,725
December 31, 2019	5,034
December 31, 2018	974
December 31, 2017	2,026
December 31, 2016	0
Prior	0
Revolving	0
Converted to term loans	0
Total	10,759
Current | Consumer
Credit risk profile by internally assigned grade for loans
June 30, 2020	25,186
December 31, 2019	87,908
December 31, 2018	53,640
December 31, 2017	14,851
December 31, 2016	1,602
Prior	505
Revolving	21,691
Converted to term loans	3,062
Total	208,445
30-59 days past due | Real estate | Residential 1-4 family
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	2,192
Revolving	0
Converted to term loans	0
Total	2,192
30-59 days past due | Real estate | Home equity line of credit
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	0
Revolving	790
Converted to term loans	312
Total	1,102
30-59 days past due | Real estate | Residential land
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	0
Revolving	0
Converted to term loans	0
Total	0
30-59 days past due | Real estate | Residential construction
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	0
Revolving	0
Converted to term loans	0
Total	0
30-59 days past due | Consumer
Credit risk profile by internally assigned grade for loans
June 30, 2020	105
December 31, 2019	573
December 31, 2018	583
December 31, 2017	229
December 31, 2016	18
Prior	0
Revolving	200
Converted to term loans	44
Total	1,752
60-89 days past due | Real estate | Residential 1-4 family
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	606
Revolving	0
Converted to term loans	0
Total	606
60-89 days past due | Real estate | Home equity line of credit
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	0
Revolving	408
Converted to term loans	175
Total	583
60-89 days past due | Real estate | Residential land
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	0
Revolving	0
Converted to term loans	0
Total	0
60-89 days past due | Real estate | Residential construction
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	0
Revolving	0
Converted to term loans	0
Total	0
60-89 days past due | Consumer
Credit risk profile by internally assigned grade for loans
June 30, 2020	83
December 31, 2019	741
December 31, 2018	792
December 31, 2017	209
December 31, 2016	24
Prior	0
Revolving	248
Converted to term loans	67
Total	2,164
Greater than 89 days past due | Real estate | Residential 1-4 family
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	353
December 31, 2016	0
Prior	1,539
Revolving	0
Converted to term loans	0
Total	1,892
Greater than 89 days past due | Real estate | Home equity line of credit
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	0
Revolving	1,358
Converted to term loans	835
Total	2,193
Greater than 89 days past due | Real estate | Residential land
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	0
Revolving	0
Converted to term loans	0
Total	0
Greater than 89 days past due | Real estate | Residential construction
Credit risk profile by internally assigned grade for loans
June 30, 2020	0
December 31, 2019	0
December 31, 2018	0
December 31, 2017	0
December 31, 2016	0
Prior	0
Revolving	0
Converted to term loans	0
Total	0
Greater than 89 days past due | Consumer
Credit risk profile by internally assigned grade for loans
June 30, 2020	95
December 31, 2019	1,258
December 31, 2018	1,172
December 31, 2017	483
December 31, 2016	73
Prior	0
Revolving	424
Converted to term loans	164
Total	$ 3,669

Bank segment - Credit risk pr_2

Bank segment - Credit risk profile - payment activity (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Credit risk profile based on payment activity for loans
Financing receivable, past due	$ 20,572	$ 19,751
Financing receivable, current	5,430,230	5,100,913
Total	5,450,802	5,120,664
Recorded Investment greater than 90 days and accruing	0	0
Real estate
Credit risk profile based on payment activity for loans
Total	4,160,943	4,192,069
Real estate | Residential 1-4 family
Credit risk profile based on payment activity for loans
Financing receivable, past due	4,690	4,686
Financing receivable, current	2,118,536	2,173,449
Total	2,123,226	2,178,135
Recorded Investment greater than 90 days and accruing	0	0
Real estate | Commercial real estate
Credit risk profile based on payment activity for loans
Financing receivable, past due	642	0
Financing receivable, current	854,924	824,830
Total	855,566	824,830
Recorded Investment greater than 90 days and accruing	0	0
Real estate | Home equity line of credit
Credit risk profile based on payment activity for loans
Financing receivable, past due	3,878	2,930
Financing receivable, current	1,061,386	1,089,195
Total	1,065,264	1,092,125
Recorded Investment greater than 90 days and accruing	0	0
Real estate | Residential land
Credit risk profile based on payment activity for loans
Financing receivable, past due	0	25
Financing receivable, current	13,224	14,679
Total	13,224	14,704
Recorded Investment greater than 90 days and accruing	0	0
Real estate | Commercial construction
Credit risk profile based on payment activity for loans
Financing receivable, past due	2,289	0
Financing receivable, current	90,615	70,605
Total	92,904	70,605
Recorded Investment greater than 90 days and accruing	0	0
Real estate | Residential construction
Credit risk profile based on payment activity for loans
Financing receivable, past due	0	0
Financing receivable, current	10,759	11,670
Total	10,759	11,670
Recorded Investment greater than 90 days and accruing	0	0
Commercial
Credit risk profile based on payment activity for loans
Financing receivable, past due	1,488	1,560
Financing receivable, current	1,072,341	669,114
Total	1,073,829	670,674
Recorded Investment greater than 90 days and accruing	0	0
Consumer
Credit risk profile based on payment activity for loans
Financing receivable, past due	7,585	10,550
Financing receivable, current	208,445	247,371
Total	216,030	257,921
Recorded Investment greater than 90 days and accruing	0	0
30-59 days past due
Credit risk profile based on payment activity for loans
Financing receivable, past due	6,149	8,864
30-59 days past due | Real estate | Residential 1-4 family
Credit risk profile based on payment activity for loans
Financing receivable, past due	2,192	2,588
Total	2,192
30-59 days past due | Real estate | Commercial real estate
Credit risk profile based on payment activity for loans
Financing receivable, past due	642	0
30-59 days past due | Real estate | Home equity line of credit
Credit risk profile based on payment activity for loans
Financing receivable, past due	1,102	813
Total	1,102
30-59 days past due | Real estate | Residential land
Credit risk profile based on payment activity for loans
Financing receivable, past due	0	0
Total	0
30-59 days past due | Real estate | Commercial construction
Credit risk profile based on payment activity for loans
Financing receivable, past due	0	0
30-59 days past due | Real estate | Residential construction
Credit risk profile based on payment activity for loans
Financing receivable, past due	0	0
Total	0
30-59 days past due | Commercial
Credit risk profile based on payment activity for loans
Financing receivable, past due	461	1,077
30-59 days past due | Consumer
Credit risk profile based on payment activity for loans
Financing receivable, past due	1,752	4,386
Total	1,752
60-89 days past due
Credit risk profile based on payment activity for loans
Financing receivable, past due	3,928	3,858
60-89 days past due | Real estate | Residential 1-4 family
Credit risk profile based on payment activity for loans
Financing receivable, past due	606	290
Total	606
60-89 days past due | Real estate | Commercial real estate
Credit risk profile based on payment activity for loans
Financing receivable, past due	0	0
60-89 days past due | Real estate | Home equity line of credit
Credit risk profile based on payment activity for loans
Financing receivable, past due	583	0
Total	583
60-89 days past due | Real estate | Residential land
Credit risk profile based on payment activity for loans
Financing receivable, past due	0	0
Total	0
60-89 days past due | Real estate | Commercial construction
Credit risk profile based on payment activity for loans
Financing receivable, past due	0	0
60-89 days past due | Real estate | Residential construction
Credit risk profile based on payment activity for loans
Financing receivable, past due	0	0
Total	0
60-89 days past due | Commercial
Credit risk profile based on payment activity for loans
Financing receivable, past due	575	311
60-89 days past due | Consumer
Credit risk profile based on payment activity for loans
Financing receivable, past due	2,164	3,257
Total	2,164
90 days or more past due
Credit risk profile based on payment activity for loans
Financing receivable, past due	10,495	7,029
90 days or more past due | Real estate | Residential 1-4 family
Credit risk profile based on payment activity for loans
Financing receivable, past due	1,892	1,808
Total	1,892
90 days or more past due | Real estate | Commercial real estate
Credit risk profile based on payment activity for loans
Financing receivable, past due	0	0
90 days or more past due | Real estate | Home equity line of credit
Credit risk profile based on payment activity for loans
Financing receivable, past due	2,193	2,117
Total	2,193
90 days or more past due | Real estate | Residential land
Credit risk profile based on payment activity for loans
Financing receivable, past due	0	25
Total	0
90 days or more past due | Real estate | Commercial construction
Credit risk profile based on payment activity for loans
Financing receivable, past due	2,289	0
90 days or more past due | Real estate | Residential construction
Credit risk profile based on payment activity for loans
Financing receivable, past due	0	0
Total	0
90 days or more past due | Commercial
Credit risk profile based on payment activity for loans
Financing receivable, past due	452	172
90 days or more past due | Consumer
Credit risk profile based on payment activity for loans
Financing receivable, past due	3,669	$ 2,907
Total	$ 3,669

Bank segment - Credit risk pr_3

Bank segment - Credit risk profile - nonaccrual loans (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Credit risk profile based on nonaccrual loans
With a Related ACL		$ 36,327
Without a Related ACL		10,652
Total		46,979	$ 29,736
Total troubled debt restructuring loans not included above	$ 26,413	24,378
Real estate | Residential 1-4 family
Credit risk profile based on nonaccrual loans
With a Related ACL		7,584
Without a Related ACL		3,395
Total		10,979	11,395
Total troubled debt restructuring loans not included above	9,869	8,667
Real estate | Commercial real estate
Credit risk profile based on nonaccrual loans
With a Related ACL		16,241
Without a Related ACL		0
Total		16,241	195
Total troubled debt restructuring loans not included above	853	1,016
Real estate | Home equity line of credit
Credit risk profile based on nonaccrual loans
With a Related ACL		6,249
Without a Related ACL		1,616
Total		7,865	6,638
Total troubled debt restructuring loans not included above	10,376	9,430
Real estate | Residential land
Credit risk profile based on nonaccrual loans
With a Related ACL		0
Without a Related ACL		413
Total		413	448
Total troubled debt restructuring loans not included above	2,644	2,007
Real estate | Commercial construction
Credit risk profile based on nonaccrual loans
With a Related ACL		0
Without a Related ACL		2,289
Total		2,289	0
Total troubled debt restructuring loans not included above	0	0
Real estate | Residential construction
Credit risk profile based on nonaccrual loans
With a Related ACL		0
Without a Related ACL		0
Total		0	0
Total troubled debt restructuring loans not included above	0	0
Commercial
Credit risk profile based on nonaccrual loans
With a Related ACL		616
Without a Related ACL		2,939
Total		3,555	5,947
Total troubled debt restructuring loans not included above	2,614	3,203
Consumer
Credit risk profile based on nonaccrual loans
With a Related ACL		5,637
Without a Related ACL		0
Total		5,637	$ 5,113
Total troubled debt restructuring loans not included above	$ 57	$ 55

Bank segment - Troubled debt re

Bank segment - Troubled debt restructuring - narrative (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Troubled debt restructurings
Nonaccrual loans with no related allowance	$ 10,652	$ 10,652
Troubled debt restructurings real estate loans
Troubled debt restructurings
Financing receivable modifications minimum, period of payment default of loans determined to be TDRs (in days)	90 days	90 days
Commitments to lend additional funds to borrows with impaired or modified loans	$ 0	$ 0	$ 0
Consumer mortgage loans collateralized by residential real estate property in foreclosure process	$ 3,000	$ 3,000	$ 3,500

Bank segment - Loan modificatio

Bank segment - Loan modifications (Details) - Troubled debt restructurings real estate loans $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)contract	Jun. 30, 2019USD ($)contract	Jun. 30, 2020USD ($)contract	Jun. 30, 2019USD ($)contract
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number  of contracts | contract	4	7	11	17
Outstanding recorded investment	$ 349	$ 2,922	$ 17,677	$ 4,265
Net increase in allowance	$ 3	$ 346	$ 4,586	$ 394
Real estate | Residential 1-4 family
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number  of contracts | contract	0	1	1	9
Outstanding recorded investment	$ 0	$ 469	$ 147	$ 1,501
Net increase in allowance	$ 0	$ 154	$ 7	$ 161
Real estate | Commercial real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number  of contracts | contract	0	0	2	0
Outstanding recorded investment	$ 0	$ 0	$ 16,430	$ 0
Net increase in allowance	$ 0	$ 0	$ 4,301	$ 0
Real estate | Home equity line of credit
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number  of contracts | contract	2	2	2	3
Outstanding recorded investment	$ 19	$ 311	$ 19	$ 432
Net increase in allowance	$ 3	$ 59	$ 3	$ 83
Real estate | Residential land
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number  of contracts | contract	2	2	2	2
Outstanding recorded investment	$ 330	$ 825	$ 330	$ 825
Net increase in allowance	$ 0	$ 0	$ 0	$ 0
Real estate | Commercial construction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number  of contracts | contract	0	0	0	0
Outstanding recorded investment	$ 0	$ 0	$ 0	$ 0
Net increase in allowance	$ 0	$ 0	$ 0	$ 0
Real estate | Residential construction
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number  of contracts | contract	0	0	0	0
Outstanding recorded investment	$ 0	$ 0	$ 0	$ 0
Net increase in allowance	$ 0	$ 0	$ 0	$ 0
Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number  of contracts | contract	0	2	4	3
Outstanding recorded investment	$ 0	$ 1,317	$ 751	$ 1,507
Net increase in allowance	$ 0	$ 133	$ 275	$ 150
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number  of contracts | contract	0	0	0	0
Outstanding recorded investment	$ 0	$ 0	$ 0	$ 0
Net increase in allowance	$ 0	$ 0	$ 0	$ 0

Bank segment - Collateral-depen

Bank segment - Collateral-dependent loans (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Nonaccrual [Line Items]
Collateral-dependent loans, amortized cost	$ 5,450,802	$ 5,120,664
Real estate
Financing Receivable, Nonaccrual [Line Items]
Collateral-dependent loans, amortized cost	4,160,943	4,192,069
Real estate | Residential 1-4 family
Financing Receivable, Nonaccrual [Line Items]
Collateral-dependent loans, amortized cost	2,123,226	2,178,135
Real estate | Home equity line of credit
Financing Receivable, Nonaccrual [Line Items]
Collateral-dependent loans, amortized cost	1,065,264	1,092,125
Real estate | Commercial construction
Financing Receivable, Nonaccrual [Line Items]
Collateral-dependent loans, amortized cost	92,904	70,605
Commercial
Financing Receivable, Nonaccrual [Line Items]
Collateral-dependent loans, amortized cost	1,073,829	$ 670,674
Residential real estate property | Real estate | Residential 1-4 family
Financing Receivable, Nonaccrual [Line Items]
Collateral-dependent loans, amortized cost	1,795
Residential real estate property | Real estate | Home equity line of credit
Financing Receivable, Nonaccrual [Line Items]
Collateral-dependent loans, amortized cost	1,387
Commercial real estate | Real estate | Commercial construction
Financing Receivable, Nonaccrual [Line Items]
Collateral-dependent loans, amortized cost	2,289
Business assets | Commercial
Financing Receivable, Nonaccrual [Line Items]
Collateral-dependent loans, amortized cost	90
Collateral Pledged
Financing Receivable, Nonaccrual [Line Items]
Collateral-dependent loans, amortized cost	5,561
Collateral Pledged | Real estate
Financing Receivable, Nonaccrual [Line Items]
Collateral-dependent loans, amortized cost	$ 5,471

Bank segment - Credit risk pr_4

Bank segment - Credit risk profile - assigned grades (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	$ 5,356,510	$ 5,067,821
Real estate | Commercial real estate
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		824,830
Real estate | Commercial construction
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		70,605
Commercial
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		670,674
Commercial Real Estate, Commercial Construction And Commercial Portfolio Segment
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		1,566,109
Pass | Real estate | Commercial real estate
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		756,747
Pass | Real estate | Commercial construction
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		68,316
Pass | Commercial
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		621,657
Pass | Commercial Real Estate, Commercial Construction And Commercial Portfolio Segment
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		1,446,720
Special Mention | Real estate | Commercial real estate
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		4,451
Special Mention | Real estate | Commercial construction
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		0
Special Mention | Commercial
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		29,921
Special Mention | Commercial Real Estate, Commercial Construction And Commercial Portfolio Segment
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		34,372
Substandard | Real estate | Commercial real estate
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		63,632
Substandard | Real estate | Commercial construction
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		2,289
Substandard | Commercial
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		19,096
Substandard | Commercial Real Estate, Commercial Construction And Commercial Portfolio Segment
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		85,017
Doubtful | Real estate | Commercial real estate
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		0
Doubtful | Real estate | Commercial construction
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		0
Doubtful | Commercial
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		0
Doubtful | Commercial Real Estate, Commercial Construction And Commercial Portfolio Segment
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		0
Loss | Real estate | Commercial real estate
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		0
Loss | Real estate | Commercial construction
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		0
Loss | Commercial
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		0
Loss | Commercial Real Estate, Commercial Construction And Commercial Portfolio Segment
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross		$ 0

Bank segment - Principal balanc

Bank segment - Principal balance of impaired loans (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2019
Recorded investment:
With no related allowance recorded			$ 14,037
With an allowance recorded			26,700
Recorded investment			40,737
Unpaid principal balance:
With no related allowance recorded			15,123
With an allowance recorded			26,762
Unpaid principal balance			41,885
Related Allowance			2,691
Average recorded investment:
With no related allowance recorded	$ 17,870	$ 17,218
With an allowance recorded	32,363	29,161
Average recorded investment	50,233	46,379
Interest income recognized:
With no related allowance recorded	165	363
With an allowance recorded	288	538
Interest income recognized	453	901
Real estate | Residential 1-4 family
Recorded investment:
With no related allowance recorded			6,817
With an allowance recorded			8,783
Recorded investment			15,600
Unpaid principal balance:
With no related allowance recorded			7,207
With an allowance recorded			8,835
Unpaid principal balance			16,042
Related Allowance			898
Average recorded investment:
With no related allowance recorded	8,993	8,492
With an allowance recorded	8,440	8,417
Average recorded investment	17,433	16,909
Interest income recognized:
With no related allowance recorded	87	247
With an allowance recorded	96	179
Interest income recognized	183	426
Real estate | Commercial real estate
Recorded investment:
With no related allowance recorded			195
With an allowance recorded			853
Recorded investment			1,048
Unpaid principal balance:
With no related allowance recorded			200
With an allowance recorded			853
Unpaid principal balance			1,053
Related Allowance			2
Average recorded investment:
With no related allowance recorded	0	0
With an allowance recorded	894	900
Average recorded investment	894	900
Interest income recognized:
With no related allowance recorded	0	0
With an allowance recorded	9	19
Interest income recognized	9	19
Real estate | Home equity line of credit
Recorded investment:
With no related allowance recorded			1,984
With an allowance recorded			10,089
Recorded investment			12,073
Unpaid principal balance:
With no related allowance recorded			2,135
With an allowance recorded			10,099
Unpaid principal balance			12,234
Related Allowance			322
Average recorded investment:
With no related allowance recorded	1,940	2,238
With an allowance recorded	11,665	11,743
Average recorded investment	13,605	13,981
Interest income recognized:
With no related allowance recorded	54	66
With an allowance recorded	152	282
Interest income recognized	206	348
Real estate | Residential land
Recorded investment:
With no related allowance recorded			3,091
With an allowance recorded			0
Recorded investment			3,091
Unpaid principal balance:
With no related allowance recorded			3,294
With an allowance recorded			0
Unpaid principal balance			3,294
Related Allowance			0
Average recorded investment:
With no related allowance recorded	2,280	2,158
With an allowance recorded	79	54
Average recorded investment	2,359	2,212
Interest income recognized:
With no related allowance recorded	24	50
With an allowance recorded	0	0
Interest income recognized	24	50
Real estate | Commercial construction
Recorded investment:
With no related allowance recorded			0
With an allowance recorded			0
Recorded investment			0
Unpaid principal balance:
With no related allowance recorded			0
With an allowance recorded			0
Unpaid principal balance			0
Related Allowance			0
Average recorded investment:
With no related allowance recorded	0	0
With an allowance recorded	0	0
Average recorded investment	0	0
Interest income recognized:
With no related allowance recorded	0	0
With an allowance recorded	0	0
Interest income recognized	0	0
Real estate | Residential construction
Recorded investment:
With no related allowance recorded			0
With an allowance recorded			0
Recorded investment			0
Unpaid principal balance:
With no related allowance recorded			0
With an allowance recorded			0
Unpaid principal balance			0
Related Allowance			0
Average recorded investment:
With no related allowance recorded	0	0
With an allowance recorded	0	0
Average recorded investment	0	0
Interest income recognized:
With no related allowance recorded	0	0
With an allowance recorded	0	0
Interest income recognized	0	0
Commercial
Recorded investment:
With no related allowance recorded			1,948
With an allowance recorded			6,470
Recorded investment			8,418
Unpaid principal balance:
With no related allowance recorded			2,285
With an allowance recorded			6,470
Unpaid principal balance			8,755
Related Allowance			1,015
Average recorded investment:
With no related allowance recorded	4,626	4,299
With an allowance recorded	10,997	7,874
Average recorded investment	15,623	12,173
Interest income recognized:
With no related allowance recorded	0	0
With an allowance recorded	30	56
Interest income recognized	30	56
Consumer
Recorded investment:
With no related allowance recorded			2
With an allowance recorded			505
Recorded investment			507
Unpaid principal balance:
With no related allowance recorded			2
With an allowance recorded			505
Unpaid principal balance			507
Related Allowance			$ 454
Average recorded investment:
With no related allowance recorded	31	31
With an allowance recorded	288	173
Average recorded investment	319	204
Interest income recognized:
With no related allowance recorded	0	0
With an allowance recorded	1	2
Interest income recognized	$ 1	$ 2

Bank segment - Mortgage servici

Bank segment - Mortgage servicing rights (Details) - American Savings Bank (ASB) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)
Servicing Asset at Amortized Cost [Line Items]
Repurchase reserve					$ 100		$ 100
Mortgage service fees	$ 800	$ 800	$ 1,600	$ 1,500
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Servicing asset - beginning balance			9,101
Servicing asset - ending balance	9,647		9,647
Residential loan
Servicing Asset at Amortized Cost [Line Items]
Proceeds from sale of mortgage loans	186,800	64,700	259,300	89,600
Gain on sale of mortgage loans	6,300	1,000	8,300	1,600
Servicing contracts
Servicing Asset at Amortized Cost [Line Items]
Gross carrying amount					23,904	$ 21,543
Accumulated amortization					(13,993)	(12,442)
Valuation allowance	0	0	0	0	(264)	0	0
Net carrying amount					9,647	9,101	$ 8,103
SEC Schedule, 12-29, Real Estate Companies, Investment in Movement in Mortgage Loans on Real Estate [Roll Forward]
Servicing asset - beginning balance	9,120	7,897	9,101	8,062
Amount capitalized	1,726	632	2,362	862
Amortization	(935)	(426)	(1,552)	(821)
Other-than-temporary impairment	0	0	0	0
Servicing asset - ending balance	9,911	8,103	9,911	8,103
Valuation Allowance [Roll Forward]
Valuation allowance, beginning balance	0	0	0	0
Provision (recovery)	264	0	264	0
Other-than-temporary impairment	0	0	0	0
Valuation allowance, ending balance	$ 264	$ 0	$ 264	$ 0
Unpaid principal balance					1,360,920	1,276,437
Prepayment rate:
25 basis points adverse rate change					(539)	(950)
50 basis points adverse rate change					(1,062)	(1,947)
Discount rate:
25 basis points adverse rate change					(64)	(102)
50 basis points adverse rate change					$ (128)	$ (202)
Servicing contracts | Note rate
Valuation Allowance [Roll Forward]
Weighted average measurement input					0.0387	0.0396
Servicing contracts | Discount rate
Valuation Allowance [Roll Forward]
Weighted average measurement input					0.093	0.093
Servicing contracts | Prepayment speed
Valuation Allowance [Roll Forward]
Weighted average measurement input					0.169	0.114

Bank segment - Other borrowings

Bank segment - Other borrowings (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Offsetting Liabilities [Line Items]
FHLB advances		$ 0
Federal funds purchased	$ 0	0
Gross amount  of recognized  liabilities	95,000,000	115,000,000
Gross amount  offset in the  Balance Sheets	0	0
Securities sold under agreements to repurchase	95,000,000	115,000,000
Commercial account holders
Offsetting Liabilities [Line Items]
Securities sold under agreements to repurchase	95,000,000	115,000,000
Securities sold under agreements to repurchase collateral, financial instruments	143,000,000	130,000,000
Securities sold under agreements to repurchase, cash collateral pledged	0	0
American Savings Bank (ASB)
Offsetting Liabilities [Line Items]
FHLB advances	30,000,000
Securities sold under agreements to repurchase	$ 95,000,000	$ 115,000,000

Bank segment - Derivatives (Det

Bank segment - Derivatives (Details) - Not designated as a hedging instrument - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Derivative instrument
Asset derivatives	$ 2,341		$ 2,341		$ 300
Liability derivatives	287		287		45
Net gains (losses) recognized in the Statement of Income	787	$ 57	1,799	$ 310
Interest rate lock commitments
Derivative instrument
Notional amount	70,190		70,190		23,171
Fair value	2,341		2,341		297
Asset derivatives	2,341		2,341		297
Liability derivatives	0		0		0
Interest rate lock commitments | Mortgage banking income
Derivative instrument
Net gains (losses) recognized in the Statement of Income	489	11	2,044	382
Forward commitments
Derivative instrument
Notional amount	57,750		57,750		29,383
Fair value	(287)		(287)		(42)
Asset derivatives	0		0		3
Liability derivatives	287		287		$ 45
Forward commitments | Mortgage banking income
Derivative instrument
Net gains (losses) recognized in the Statement of Income	$ 298	$ 46	$ (245)	$ (72)

Bank segment - Contingencies (D

Bank segment - Contingencies (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
American Savings Bank (ASB)
Loss Contingencies [Line Items]
Unfunded commitments to fund the company's LIHTC	$ 21.4	$ 23.4

Credit agreements and changes_2

Credit agreements and changes in debt - Narrative (Details)	May 19, 2020USD ($)	Apr. 20, 2020USD ($)Institution	Jun. 30, 2020USD ($)Institution	Dec. 31, 2019USD ($)
Credit agreement
Number of financial institutions | Institution			8
Debt outstanding			$ 2,070,224,000	$ 1,964,365,000
Hawaiian Electric (parent only)
Credit agreement
Extinguishment of debt	$ 100,000,000
Hawaiian Electric (parent only) | 364-Day Revolver | Revolving Credit Facility
Credit agreement
Number of financial institutions | Institution		4
Credit agreement		$ 75,000,000
Line of credit outstanding			0
Line of credit facility | HEI Facility
Credit agreement
Credit agreement			150,000,000
Debt outstanding			0	0
Increase in borrowing capacity		65,000,000
Threshold debt proceeds applied as repayment of term loan		$ 50,000,000
Line of credit facility | Hawaiian Electric (parent only) | Hawaiian Electric Facility
Credit agreement
Credit agreement			200,000,000
Debt outstanding			$ 0	$ 0
Term Loan
Credit agreement
Number of financial institutions | Institution		2
Credit agreement		$ 65,000,000
Term Loan | Hawaiian Electric (parent only) | 364-Day Term Loan Credit Agreement
Credit agreement
Credit agreement	50,000,000
Threshold debt proceeds applied as repayment of term loan	75,000,000
Draw down of debt	$ 50,000,000

Credit agreements and changes_3

Credit agreements and changes in debt - Note Purchase Agreements (Details) - Senior Notes	May 14, 2020USD ($)
Unsecured Senior Notes Series 2020A
Debt Instrument [Line Items]
Aggregate principal amount	$ 80,000,000
Unsecured Senior Notes Series 2020A | Hawaiian Electric (parent only)
Debt Instrument [Line Items]
Aggregate principal amount	$ 50,000,000
Fixed coupon interest rate	3.31%
Unsecured Senior Notes Series 2020A | HELCO
Debt Instrument [Line Items]
Aggregate principal amount	$ 10,000,000
Fixed coupon interest rate	3.96%
Unsecured Senior Notes Series 2020A | Maui Electric
Debt Instrument [Line Items]
Aggregate principal amount	$ 20,000,000
Fixed coupon interest rate	3.31%
Unsecured Senior Notes Series 2020B
Debt Instrument [Line Items]
Aggregate principal amount	$ 60,000,000
Unsecured Senior Notes Series 2020B | Hawaiian Electric (parent only)
Debt Instrument [Line Items]
Aggregate principal amount	$ 40,000,000
Fixed coupon interest rate	3.31%
Unsecured Senior Notes Series 2020B | Maui Electric
Debt Instrument [Line Items]
Aggregate principal amount	$ 20,000,000
Fixed coupon interest rate	3.96%
Unsecured Senior Notes Series 2020C
Debt Instrument [Line Items]
Aggregate principal amount	$ 20,000,000
Unsecured Senior Notes Series 2020C | Hawaiian Electric (parent only)
Debt Instrument [Line Items]
Aggregate principal amount	$ 20,000,000
Fixed coupon interest rate	3.96%

Shareholders' equity - Accumula

Shareholders' equity - Accumulated other comprehensive income (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance		$ 2,280,260	$ 2,183,515	$ 2,162,280	$ 2,280,260	$ 2,162,280
Current period other comprehensive income (loss)	$ (332)	18,212	13,699	9,241	17,880	22,940
Ending Balance	2,291,398		2,208,586	2,183,515	2,291,398	2,208,586
AOCI
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance		(20,039)	(41,369)	(50,610)	(20,039)	(50,610)
Current period other comprehensive income (loss)	(332)	18,212	13,699	9,241	17,880	22,940
Ending Balance	(2,159)		(27,670)	(41,369)	(2,159)	(27,670)
Net unrealized gains (losses) on securities
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance		2,481		(24,423)	2,481	(24,423)
Current period other comprehensive income (loss)					18,783	23,593
Ending Balance	21,264		(830)		21,264	(830)
Unrealized gains (losses) on derivatives
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance		(1,613)		(436)	(1,613)	(436)
Current period other comprehensive income (loss)					(1,982)	(1,063)
Ending Balance	(3,595)		(1,499)		(3,595)	(1,499)
Retirement benefit plans
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance		(20,907)		(25,751)	(20,907)	(25,751)
Current period other comprehensive income (loss)					1,079	410
Ending Balance	(19,828)		(25,341)		(19,828)	(25,341)
Hawaiian Electric Company, Inc. and Subsidiaries
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance	2,044,499	2,047,352	1,964,478	1,957,641	2,047,352	1,957,641
Current period other comprehensive income (loss)	25	26	23	24	51	47
Ending Balance	2,060,069	2,044,499	1,971,762	1,964,478	2,060,069	1,971,762
Hawaiian Electric Company, Inc. and Subsidiaries | AOCI
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance	(1,253)	(1,279)	123	99	(1,279)	99
Current period other comprehensive income (loss)	25	26	23	24
Ending Balance	(1,228)	(1,253)	146	123	(1,228)	146
Hawaiian Electric Company, Inc. and Subsidiaries | Retirement benefit plans
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance		$ (1,279)		$ 99	(1,279)	99
Current period other comprehensive income (loss)					51	47
Ending Balance	$ (1,228)		$ 146		$ (1,228)	$ 146

Shareholders' equity - Reclassi

Shareholders' equity - Reclassification out of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Reclassifications out of accumulated other comprehensive income/(loss)
Revenues	$ (608,945)	$ (715,485)	$ (1,286,131)	$ (1,377,100)
Total reclassifications	(1,107)	205	(559)	410
Bank
Reclassifications out of accumulated other comprehensive income/(loss)
Revenues	(74,714)	(81,687)	(154,452)	(164,739)
Hawaiian Electric Company, Inc. and Subsidiaries
Reclassifications out of accumulated other comprehensive income/(loss)
Total reclassifications	25	23	51	47
Net realized gains on securities included in net income | Reclassification out of Accumulated Other Comprehensive Income | Bank
Reclassifications out of accumulated other comprehensive income/(loss)
Revenues	(1,638)	0	(1,638)	0
Amortization of prior service credit and net losses recognized during the period in net periodic benefit cost
Reclassifications out of accumulated other comprehensive income/(loss)
Total reclassifications	5,690	2,503	11,396	5,006
Amortization of prior service credit and net losses recognized during the period in net periodic benefit cost | Hawaiian Electric Company, Inc. and Subsidiaries
Reclassifications out of accumulated other comprehensive income/(loss)
Total reclassifications	5,184	2,321	10,368	4,643
Impact of D&Os of the PUC included in regulatory assets
Reclassifications out of accumulated other comprehensive income/(loss)
Total reclassifications	(5,159)	(2,298)	(10,317)	(4,596)
Impact of D&Os of the PUC included in regulatory assets | Hawaiian Electric Company, Inc. and Subsidiaries
Reclassifications out of accumulated other comprehensive income/(loss)
Total reclassifications	$ (5,159)	$ (2,298)	$ (10,317)	$ (4,596)

Revenues (Details)

Revenues (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	$ 532,921	$ 660,421	$ 1,151,526	$ 1,237,811
Total revenues	608,945	715,485	1,286,131	1,377,100
Services/goods transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	7,211	11,632	18,767	22,865
Services/goods transferred over time
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	525,710	648,789	1,132,759	1,214,946
Electric energy sales - residential
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	187,590	195,868	377,856	371,613
Electric energy sales - commercial
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	159,874	217,278	356,979	404,686
Electric energy sales - large light and power
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	176,467	231,869	392,687	430,795
Electric energy sales - other
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	1,779	3,774	5,237	7,852
Bank fees
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	7,211	11,632	18,767	22,865
Revenues from Other Sources
Disaggregation of Revenue [Line Items]
Total revenues	76,024	55,064	134,605	139,289
Regulatory revenue
Disaggregation of Revenue [Line Items]
Total revenues	2,826	(20,360)	(12,478)	(14,153)
Bank interest and dividend income
Disaggregation of Revenue [Line Items]
Total revenues	59,829	66,155	124,804	134,643
Other bank noninterest income
Disaggregation of Revenue [Line Items]
Total revenues	7,674	3,900	10,881	7,231
Other
Disaggregation of Revenue [Line Items]
Total revenues	5,695	5,369	11,398	11,568
Electric utility
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	525,710	648,789	1,132,759	1,214,946
Total revenues	534,215	633,784	1,131,657	1,212,279
Electric utility | Services/goods transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Electric utility | Services/goods transferred over time
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	525,710	648,789	1,132,759	1,214,946
Electric utility | Electric energy sales - residential
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	187,590	195,868	377,856	371,613
Electric utility | Electric energy sales - commercial
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	159,874	217,278	356,979	404,686
Electric utility | Electric energy sales - large light and power
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	176,467	231,869	392,687	430,795
Electric utility | Electric energy sales - other
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	1,779	3,774	5,237	7,852
Electric utility | Bank fees
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Electric utility | Revenues from Other Sources
Disaggregation of Revenue [Line Items]
Total revenues	8,505	(15,005)	(1,102)	(2,667)
Electric utility | Regulatory revenue
Disaggregation of Revenue [Line Items]
Total revenues	2,826	(20,360)	(12,478)	(14,153)
Electric utility | Bank interest and dividend income
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Electric utility | Other bank noninterest income
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Electric utility | Other
Disaggregation of Revenue [Line Items]
Total revenues	5,679	5,355	11,376	11,486
Bank
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	7,211	11,632	18,767	22,865
Total revenues	74,714	81,687	154,452	164,739
Bank | Services/goods transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	7,211	11,632	18,767	22,865
Bank | Services/goods transferred over time
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Bank | Electric energy sales - residential
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Bank | Electric energy sales - commercial
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Bank | Electric energy sales - large light and power
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Bank | Electric energy sales - other
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Bank | Bank fees
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	7,211	11,632	18,767	22,865
Bank | Revenues from Other Sources
Disaggregation of Revenue [Line Items]
Total revenues	67,503	70,055	135,685	141,874
Bank | Regulatory revenue
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Bank | Bank interest and dividend income
Disaggregation of Revenue [Line Items]
Total revenues	59,829	66,155	124,804	134,643
Bank | Other bank noninterest income
Disaggregation of Revenue [Line Items]
Total revenues	7,674	3,900	10,881	7,231
Bank | Other
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Other
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Total revenues	16	14	22	82
Other | Services/goods transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Other | Services/goods transferred over time
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Other | Electric energy sales - residential
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Other | Electric energy sales - commercial
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Other | Electric energy sales - large light and power
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Other | Electric energy sales - other
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Other | Bank fees
Disaggregation of Revenue [Line Items]
Revenues from contracts with customers	0	0	0	0
Other | Revenues from Other Sources
Disaggregation of Revenue [Line Items]
Total revenues	16	14	22	82
Other | Regulatory revenue
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Other | Bank interest and dividend income
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Other | Other bank noninterest income
Disaggregation of Revenue [Line Items]
Total revenues	0	0	0	0
Other | Other
Disaggregation of Revenue [Line Items]
Total revenues	$ 16	$ 14	$ 22	$ 82

Retirement benefits (Details)

Retirement benefits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Defined Benefit Plan
Expected payments for remainder of fiscal year	$ 3,000		$ 3,000		$ 2,000
Retirement benefits expense			$ 31,000	$ 29,000
Number of years for which regulatory asset/liability for each utility will be amortized, beginning with respective utility's next rate case (in years)			5 years
Defined contribution plan, expenses recognized			$ 3,700	3,600
Cash contributions by the employer to defined contribution plan			4,600	4,900
Hawaiian Electric Company, Inc. and Subsidiaries
Defined Benefit Plan
Expected payments for remainder of fiscal year	1,000		1,000		1,000
Retirement benefits expense			29,000	29,000
Defined contribution plan, expenses recognized			1,400	1,300
Cash contributions by the employer to defined contribution plan			1,400	1,300
Pension benefits
Defined Benefit Plan
Contributions made to defined benefit plans			17,000	24,000
Contributions expected to be paid in current year	71,000		71,000		49,000
Service cost	18,362	$ 15,382	36,725	30,764
Interest cost	20,164	21,033	40,327	42,066
Expected return on plan assets	(28,465)	(27,999)	(56,931)	(55,997)
Amortization of net prior period (gain)/cost	2	(11)	5	(22)
Amortization of net actuarial (gains)/losses	8,058	3,839	16,115	7,678
Net periodic pension/benefit cost (return)	18,121	12,244	36,241	24,489
Impact of PUC D&Os	6,261	12,278	12,523	24,557
Net periodic pension/benefit cost (adjusted for impact of PUC D&Os)	24,382	24,522	48,764	49,046
Pension benefits | American Savings Bank (ASB)
Defined Benefit Plan
Contributions expected to be paid in current year	0		0		0
Pension benefits | Hawaiian Electric Industries, Inc.
Defined Benefit Plan
Contributions expected to be paid in current year	1,000		1,000		1,000
Pension benefits | Hawaiian Electric Company, Inc. and Subsidiaries
Defined Benefit Plan
Contributions made to defined benefit plans			17,000	23,000
Contributions expected to be paid in current year	70,000		70,000		$ 48,000
Service cost	17,891	15,001	35,782	30,002
Interest cost	18,715	19,414	37,430	38,828
Expected return on plan assets	(26,857)	(26,164)	(53,712)	(52,328)
Amortization of net prior period (gain)/cost	3	2	5	4
Amortization of net actuarial (gains)/losses	7,369	3,576	14,737	7,152
Net periodic pension/benefit cost (return)	17,121	11,829	34,242	23,658
Impact of PUC D&Os	6,261	12,278	12,523	24,557
Net periodic pension/benefit cost (adjusted for impact of PUC D&Os)	23,382	24,107	46,765	48,215
Other benefits
Defined Benefit Plan
Service cost	631	542	1,262	1,083
Interest cost	1,856	1,997	3,711	3,994
Expected return on plan assets	(3,039)	(3,086)	(6,077)	(6,172)
Amortization of net prior period (gain)/cost	(441)	(452)	(881)	(904)
Amortization of net actuarial (gains)/losses	51	(4)	101	(7)
Net periodic pension/benefit cost (return)	(942)	(1,003)	(1,884)	(2,006)
Impact of PUC D&Os	777	811	1,554	1,622
Net periodic pension/benefit cost (adjusted for impact of PUC D&Os)	(165)	(192)	(330)	(384)
Other benefits | Hawaiian Electric Company, Inc. and Subsidiaries
Defined Benefit Plan
Service cost	625	538	1,251	1,075
Interest cost	1,781	1,918	3,563	3,835
Expected return on plan assets	(2,990)	(3,036)	(5,980)	(6,071)
Amortization of net prior period (gain)/cost	(439)	(451)	(879)	(902)
Amortization of net actuarial (gains)/losses	51	0	102	0
Net periodic pension/benefit cost (return)	(972)	(1,031)	(1,943)	(2,063)
Impact of PUC D&Os	777	811	1,554	1,622
Net periodic pension/benefit cost (adjusted for impact of PUC D&Os)	$ (195)	$ (220)	$ (389)	$ (441)

Share-based compensation - Narr

Share-based compensation - Narrative (Details) - USD ($) $ in Millions	Mar. 01, 2014	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based compensation
Income tax benefit from compensation expense			$ 0.4	$ 0.7	$ 0.7	$ 0.9
Restricted stock units
Share-based compensation
Fair value of vested stock					4.2	3.2
Income tax benefit from compensation expense					0.7	$ 0.5
Unrecognized share based compensation			6.9		$ 6.9
Weighted average period for recognition of unrecognized compensation cost (in years)					2 years 10 months 24 days
Long-term Incentive Plan
Share-based compensation
Payment award, low end of range					0.00%
Payment award, high end of range					200.00%
Measurement period for total return to shareholders (in years)					3 years
Award performance period (in years)					3 years
LTIP linked to TRS
Share-based compensation
Fair value of vested stock					$ 2.6
Income tax benefit from compensation expense					0.4
Unrecognized share based compensation			1.9		$ 1.9
Weighted average period for recognition of unrecognized compensation cost (in years)					1 year 4 months 24 days
LTIP awards linked to other performance conditions
Share-based compensation
Fair value of vested stock					$ 7.6
Income tax benefit from compensation expense					1.2
Unrecognized share based compensation			$ 6.8		$ 6.8
Weighted average period for recognition of unrecognized compensation cost (in years)					1 year 7 months 6 days
Equity and Incentive Plan
Share-based compensation
Number of additional shares authorized (in shares)	1,500,000
Shares available for future issuance (in shares)			3,000,000		3,000,000
Number of share issuable upon vesting and achievement of performance goals (in shares)			700,000		700,000
Nonemployee Director Stock Plan
Share-based compensation
Number of additional shares authorized (in shares)		300,000
Shares available for future grant (in shares)			274,163		274,163

Share-based compensation - Summ

Share-based compensation - Summary of income taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based compensation
Share-based compensation expense	$ 2.4	$ 3.7	$ 4.1	$ 5.9
Income tax benefit	0.4	0.7	0.7	0.9
Hawaiian Electric Company, Inc. and Subsidiaries
Share-based compensation
Share-based compensation expense	0.4	1.1	1.2	1.8
Income tax benefit	$ 0.1	$ 0.2	$ 0.2	$ 0.3

Share-based compensation - 2011

Share-based compensation - 2011 Director Plan (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based compensation
Income tax benefit	$ 0.4	$ 0.7	$ 0.7	$ 0.9
Common stock
Share-based compensation
Shares granted (in shares)	35,632	35,580	36,100	35,580
Fair value	$ 1.3	$ 1.5	$ 1.3	$ 1.5
Income tax benefit	$ 0.3	$ 0.4	$ 0.3	$ 0.4

Share-based compensation - Su_2

Share-based compensation - Summary of changes in share based compensation (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restricted stock units
Restricted stock awards and restricted stock units
Outstanding, beginning of period (in shares)	203,441	211,225	207,641	200,358
Granted (in shares)	916	0	78,595	94,559
Vested (in shares)	0	0	(77,719)	(76,712)
Forfeited (in shares)	0	(2,600)	(4,160)	(9,580)
Outstanding, end of period (in shares)	204,357	208,625	204,357	208,625
Weighted-average grant-date fair value per share
Outstanding, beginning of period (in dollars per share)	$ 40.67	$ 35.28	$ 35.36	$ 33.05
Granted (in dollars per share)	37.90	0	47.99	37.68
Vested (in dollars per share)	0	0	34.19	32.61
Forfeited (in dollars per share)	0	35.56	35.81	33.82
Outstanding, end of period (in dollars per share)	$ 40.65	$ 35.28	$ 40.65	$ 35.28
Total weighted-average grant-date fair value	$ 0	$ 0	$ 3.8	$ 3.6
LTIP linked to TRS
Restricted stock awards and restricted stock units
Outstanding, beginning of period (in shares)	90,616	98,311	96,402	65,578
Granted (in shares)	0	0	24,630	34,647
Vested (in shares)	0	0	(29,409)	0
Forfeited (in shares)	0	0	(1,007)	(1,914)
Outstanding, end of period (in shares)	90,616	98,311	90,616	98,311
Weighted-average grant-date fair value per share
Outstanding, beginning of period (in dollars per share)	$ 42.08	$ 39.61	$ 39.62	$ 38.81
Granted (in dollars per share)	0	0	48.62	41.07
Vested (in dollars per share)	0	0	39.51	0
Forfeited (in dollars per share)	0	0	41.72	38.62
Outstanding, end of period (in dollars per share)	$ 42.08	$ 39.61	$ 42.08	$ 39.61
Total weighted-average grant-date fair value	$ 0	$ 0	$ 1.2	$ 1.4
LTIP awards linked to other performance conditions
Restricted stock awards and restricted stock units
Outstanding, beginning of period (in shares)	336,344	407,090	403,768	276,169
Granted (in shares)	0	0	98,522	138,580
Vested (in shares)	0	0	(135,804)	0
Increase above target (in shares)	(38,821)	0	(64,932)	0
Forfeited (in shares)	0	0	(4,031)	(7,659)
Outstanding, end of period (in shares)	297,523	407,090	297,523	407,090
Weighted-average grant-date fair value per share
Outstanding, beginning of period (in dollars per share)	$ 39.64	$ 35.12	$ 35.15	$ 33.80
Granted (in dollars per share)	0	0	48.10	37.68
Vested (in dollars per share)	0	0	33.48	0
Increase above target (in dollars per share)	34.12	0	34.12	0
Forfeited (in dollars per share)	0	0	39.67	33.91
Outstanding, end of period (in dollars per share)	$ 40.37	$ 35.12	$ 40.37	$ 35.12
Total weighted-average grant-date fair value	$ 0	$ 0	$ 4.7	$ 5.2

Share-based compensation - Fair

Share-based compensation - Fair value assumptions (Details) - LTIP linked to TRS - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Risk-free interest rate		2.48%
Expected life (in years)		3 years
Expected volatility		15.80%
Range of expected volatility for Peer Group, minimum rate		15.00%
Range of expected volatility for Peer Group, maximum rate		73.20%
Grant date fair value (in dollars per share)		$ 41.07
Forecast
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Risk-free interest rate	1.39%
Expected life (in years)	3 years
Expected volatility	13.10%
Range of expected volatility for Peer Group, minimum rate	13.60%
Range of expected volatility for Peer Group, maximum rate	95.40%
Grant date fair value (in dollars per share)	$ 48.62

Income taxes (Details)

Income taxes (Details)	6 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2018
Income Tax Contingency [Line Items]
Effective income tax, percent	17.00%	19.00%
Federal income tax rate	21.00%		35.00%
Hawaiian Electric Company, Inc. and Subsidiaries
Income Tax Contingency [Line Items]
Effective income tax, percent	19.00%	21.00%

Cash flows (Details)

Cash flows (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Supplemental disclosures of cash flow information
Interest paid to non-affiliates, net of amounts capitalized	$ 50	$ 53
Income taxes paid (including refundable credits)	0	46
Income taxes refunded (including refundable credits)	0	4
Supplemental disclosures of noncash activities
Unpaid invoices and accruals for capital expenditures, balance, end of period (investing)	34	30
Reduction of long-term debt from funds previously transferred for repayment (financing)	82	0
Right-of-use assets obtained in exchange for operating lease obligations (investing)	20	2
Common stock issued (gross) for director and executive/management compensation (financing)	16	5
Real estate transferred from property, plant and equipment to other assets held-for-sale (investing)	0	9
Obligations to fund low income housing investments (investing)	0	6
Hawaiian Electric Company, Inc. and Subsidiaries
Supplemental disclosures of cash flow information
Interest paid to non-affiliates, net of amounts capitalized	32	34
Income taxes paid (including refundable credits)	0	46
Income taxes refunded (including refundable credits)	0	4
Supplemental disclosures of noncash activities
Estimated fair value of noncash contributions in aid of construction (investing)	3	1
Unpaid invoices and accruals for capital expenditures, balance, end of period (investing)	30	27
Reduction of long-term debt from funds previously transferred for repayment (financing)	82	0
Right-of-use assets obtained in exchange for operating lease obligations (investing)	$ 16	$ 1

Fair value measurements - Summa

Fair value measurements - Summary of financial assets and liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financial assets
Available-for-sale investment securities	$ 1,389,633	$ 1,232,826
Held-to-maturity investment securities	131,131	143,467
Financial liabilities
Short-term borrowings—other than bank	131,180	185,710
Other bank borrowings	124,975	115,110
Carrying or notional amount
Financial assets
Available-for-sale investment securities	1,389,633	1,232,826
Held-to-maturity investment securities	124,623	139,451
Stock in Federal Home Loan Bank	9,880	8,434
Loans, net	5,393,653	5,080,107
Mortgage-servicing rights	9,647	9,101
Derivative assets	70,190	25,179
Financial liabilities
Deposit liabilities	657,627	769,825
Short-term borrowings—other than bank	131,180	185,710
Other bank borrowings	124,975	115,110
Long-term debt, net	2,070,224	1,964,365
Derivative liabilities	81,861	51,375
Carrying or notional amount | Hawaiian Electric Company, Inc. and Subsidiaries
Financial liabilities
Long-term debt, net	1,574,955	1,497,667
Short-term borrowings	49,919	88,987
Estimated fair value
Financial assets
Available-for-sale investment securities	1,389,633	1,232,826
Held-to-maturity investment securities	131,131	143,467
Stock in Federal Home Loan Bank	9,880	8,434
Loans, net	5,577,395	5,157,537
Mortgage-servicing rights	10,328	12,379
Derivative assets	2,341	300
Financial liabilities
Deposit liabilities	663,296	765,976
Short-term borrowings—other than bank	131,180	185,710
Other bank borrowings	124,966	115,107
Long-term debt, net	2,427,374	2,156,927
Derivative liabilities	5,130	2,218
Estimated fair value | Hawaiian Electric Company, Inc. and Subsidiaries
Financial liabilities
Long-term debt, net	1,895,365	1,670,189
Short-term borrowings	49,919	88,987
Estimated fair value | Level 1
Financial assets
Available-for-sale investment securities	0	0
Held-to-maturity investment securities	0	0
Stock in Federal Home Loan Bank	0	0
Loans, net	0	0
Mortgage-servicing rights	0	0
Derivative assets	0	0
Financial liabilities
Deposit liabilities	0	0
Short-term borrowings—other than bank	0	0
Other bank borrowings	0	0
Long-term debt, net	0	0
Derivative liabilities	287	33
Estimated fair value | Level 1 | Hawaiian Electric Company, Inc. and Subsidiaries
Financial liabilities
Long-term debt, net	0	0
Short-term borrowings	0	0
Estimated fair value | Level 2
Financial assets
Available-for-sale investment securities	1,360,806	1,204,229
Held-to-maturity investment securities	131,131	143,467
Stock in Federal Home Loan Bank	9,880	8,434
Loans, net	37,345	12,295
Mortgage-servicing rights	0	0
Derivative assets	2,341	300
Financial liabilities
Deposit liabilities	663,296	765,976
Short-term borrowings—other than bank	131,180	185,710
Other bank borrowings	124,966	115,107
Long-term debt, net	2,427,374	2,156,927
Derivative liabilities	4,843	2,185
Estimated fair value | Level 2 | Hawaiian Electric Company, Inc. and Subsidiaries
Financial liabilities
Long-term debt, net	1,895,365	1,670,189
Short-term borrowings	49,919	88,987
Estimated fair value | Level 3
Financial assets
Available-for-sale investment securities	28,827	28,597
Held-to-maturity investment securities	0	0
Stock in Federal Home Loan Bank	0	0
Loans, net	5,540,050	5,145,242
Mortgage-servicing rights	10,328	12,379
Derivative assets	0	0
Financial liabilities
Deposit liabilities	0	0
Short-term borrowings—other than bank	0	0
Other bank borrowings	0	0
Long-term debt, net	0	0
Derivative liabilities	0	0
Estimated fair value | Level 3 | Hawaiian Electric Company, Inc. and Subsidiaries
Financial liabilities
Long-term debt, net	0	0
Short-term borrowings	$ 0	$ 0

Fair value measurements - Asset

Fair value measurements - Assets and liabilities measured on a recurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Derivative assets
Available-for-sale investment securities	$ 1,389,633	$ 1,232,826
Corporate bonds
Derivative assets
Available-for-sale investment securities	31,407	60,057
Mortgage revenue bonds
Derivative assets
Available-for-sale investment securities	28,827	28,597
Fair value measurements on a recurring basis | Level 1
Derivative liabilities
Derivative liabilities	287	33
Fair value measurements on a recurring basis | Level 1 | Bank
Derivative assets
Available-for-sale investment securities	0	0
Derivative assets	0	0
Fair value measurements on a recurring basis | Level 1 | Bank | Interest rate lock commitments
Derivative assets
Derivative assets	0	0
Fair value measurements on a recurring basis | Level 1 | Bank | Forward commitments
Derivative assets
Derivative assets	0	0
Derivative liabilities
Derivative liabilities	287	33
Fair value measurements on a recurring basis | Level 1 | Other | Interest rate swap
Derivative liabilities
Derivative liabilities	0	0
Fair value measurements on a recurring basis | Level 1 | Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies | Bank
Derivative assets
Available-for-sale investment securities	0	0
Fair value measurements on a recurring basis | Level 1 | U.S. Treasury and federal agency obligations | Bank
Derivative assets
Available-for-sale investment securities	0	0
Fair value measurements on a recurring basis | Level 1 | Corporate bonds | Bank
Derivative assets
Available-for-sale investment securities	0	0
Fair value measurements on a recurring basis | Level 1 | Mortgage revenue bonds | Bank
Derivative assets
Available-for-sale investment securities	0	0
Fair value measurements on a recurring basis | Level 2
Derivative liabilities
Derivative liabilities	4,843	2,185
Fair value measurements on a recurring basis | Level 2 | Bank
Derivative assets
Available-for-sale investment securities	1,360,806	1,204,229
Derivative assets	2,341	300
Fair value measurements on a recurring basis | Level 2 | Bank | Interest rate lock commitments
Derivative assets
Derivative assets	2,341	297
Fair value measurements on a recurring basis | Level 2 | Bank | Forward commitments
Derivative assets
Derivative assets	0	3
Derivative liabilities
Derivative liabilities	0	12
Fair value measurements on a recurring basis | Level 2 | Other | Interest rate swap
Derivative liabilities
Derivative liabilities	4,843	2,173
Fair value measurements on a recurring basis | Level 2 | Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies | Bank
Derivative assets
Available-for-sale investment securities	1,226,985	1,026,385
Fair value measurements on a recurring basis | Level 2 | U.S. Treasury and federal agency obligations | Bank
Derivative assets
Available-for-sale investment securities	102,414	117,787
Fair value measurements on a recurring basis | Level 2 | Corporate bonds | Bank
Derivative assets
Available-for-sale investment securities	31,407	60,057
Fair value measurements on a recurring basis | Level 2 | Mortgage revenue bonds | Bank
Derivative assets
Available-for-sale investment securities	0	0
Fair value measurements on a recurring basis | Level 3
Derivative liabilities
Derivative liabilities	0	0
Fair value measurements on a recurring basis | Level 3 | Bank
Derivative assets
Available-for-sale investment securities	28,827	28,597
Derivative assets	0	0
Fair value measurements on a recurring basis | Level 3 | Bank | Interest rate lock commitments
Derivative assets
Derivative assets	0	0
Fair value measurements on a recurring basis | Level 3 | Bank | Forward commitments
Derivative assets
Derivative assets	0	0
Derivative liabilities
Derivative liabilities	0	0
Fair value measurements on a recurring basis | Level 3 | Other | Interest rate swap
Derivative liabilities
Derivative liabilities	0	0
Fair value measurements on a recurring basis | Level 3 | Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies | Bank
Derivative assets
Available-for-sale investment securities	0	0
Fair value measurements on a recurring basis | Level 3 | U.S. Treasury and federal agency obligations | Bank
Derivative assets
Available-for-sale investment securities	0	0
Fair value measurements on a recurring basis | Level 3 | Corporate bonds | Bank
Derivative assets
Available-for-sale investment securities	0	0
Fair value measurements on a recurring basis | Level 3 | Mortgage revenue bonds | Bank
Derivative assets
Available-for-sale investment securities	$ 28,827	$ 28,597

Fair value measurements - Addit

Fair value measurements - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)instrument	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)instrument	Jun. 30, 2019USD ($)
Measurement Input, Credit Spread
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Weighted average discount rate	0.0215		0.0215
Mortgage revenue bonds
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 28,726	$ 27,970	$ 28,597	$ 23,636
Principal payments received	0	0	0	0
Purchases	101	196	230	4,530
Unrealized gain (loss) included in other comprehensive income	0	0	0	0
Ending balance	$ 28,827	$ 28,166	$ 28,827	$ 28,166
Mortgage revenue bonds | Bank
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Number of financial instruments held | instrument	2		2

Fair value measurements - Ass_2

Fair value measurements - Assets Measured on a Nonrecurring Basis (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Level 3
Fair value measurements on a recurring basis
Mortgage servicing rights	$ 5,419,000
Estimated fair value
Fair value measurements on a recurring basis
Loans, net	5,577,395,000	$ 5,157,537,000
Estimated fair value | Level 1
Fair value measurements on a recurring basis
Loans, net	0	0
Estimated fair value | Level 2
Fair value measurements on a recurring basis
Loans, net	37,345,000	12,295,000
Estimated fair value | Level 3
Fair value measurements on a recurring basis
Loans, net	5,540,050,000	5,145,242,000
Fair value measurements on a nonrecurring basis | American Savings Bank (ASB)
Fair value measurements on a recurring basis
Adjustments to fair value of loans held for sale	0		$ 0
Fair value measurements on a nonrecurring basis | Level 1
Fair value measurements on a recurring basis
Mortgage servicing rights	0
Loans, net		0
Fair value measurements on a nonrecurring basis | Level 2
Fair value measurements on a recurring basis
Mortgage servicing rights	0
Loans, net		0
Fair value measurements on a nonrecurring basis | Level 3
Fair value measurements on a recurring basis
Mortgage servicing rights	5,419,000
Loans, net		25,000
Fair value measurements on a nonrecurring basis | Estimated fair value
Fair value measurements on a recurring basis
Mortgage servicing rights	$ 5,419,000
Loans, net		$ 25,000

Fair value measurements - Sum_2

Fair value measurements - Summary of Level 3 financial instruments (Details) - Level 3 - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Fair value measurements
Mortgage servicing rights	$ 5,419
Fair value		$ 25
Discount rate	9.30%
Minimum
Fair value measurements
Prepayment speed percentage	13.90%
Maximum
Fair value measurements
Prepayment speed percentage	18.40%
Weighted Average
Fair value measurements
Prepayment speed percentage	16.60%
Residential land
Fair value measurements
Fair value		$ 25
Residential loan | Fair Value of Property or Collateral
Fair value measurements
Appraised value, selling cost		7.00%