| Bank segment (HEI only) (Tables) | 12 Months Ended |
| Dec. 31, 2021 |
| Bank Segment Disclosure [Abstract] | |
| Schedule of statements of income data | Consolidating statement of income Year ended December 31, 2021 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Consolidating adjustments Hawaiian Electric Consolidated Revenues $ 1,793,372 381,033 365,256 (25) [1] $ 2,539,636 Expenses Fuel oil 442,818 80,086 121,445 — 644,349 Purchased power 508,642 108,997 52,855 — 670,494 Other operation and maintenance 313,009 79,390 83,013 — 475,412 Depreciation 155,607 40,201 33,661 — 229,469 Taxes, other than income taxes 170,604 35,499 34,251 — 240,354 Total expenses 1,590,680 344,173 325,225 — 2,260,078 Operating income 202,692 36,860 40,031 (25) 279,558 Allowance for equity funds used during construction 7,734 586 1,214 — 9,534 Equity in earnings of subsidiaries 45,353 — — (45,353) [2] — Retirement defined benefits credit (expense)—other than service costs 3,348 670 (128) — 3,890 Interest expense and other charges, net (51,680) (10,353) (10,439) 25 [1] (72,447) Allowance for borrowed funds used during construction 2,617 197 436 — 3,250 Income before income taxes 210,064 27,960 31,114 (45,353) 223,785 Income taxes 31,342 6,246 6,560 — 44,148 Net income 178,722 21,714 24,554 (45,353) 179,637 Preferred stock dividends of subsidiaries — 534 381 — 915 Net income attributable to Hawaiian Electric 178,722 21,180 24,173 (45,353) 178,722 Preferred stock dividends of Hawaiian Electric 1,080 — — — 1,080 Net income for common stock $ 177,642 21,180 24,173 (45,353) $ 177,642 Consolidating statement of income Year ended December 31, 2020 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Consolidating adjustments Hawaiian Electric Consolidated Revenues $ 1,608,305 334,221 323,430 (636) [1] $ 2,265,320 Expenses Fuel oil 354,087 72,202 88,985 — 515,274 Purchased power 446,672 73,120 48,957 — 568,749 Other operation and maintenance 311,781 73,746 88,665 — 474,192 Depreciation 151,387 39,041 32,305 — 222,733 Taxes, other than income taxes 154,191 31,181 30,450 — 215,822 Total expenses 1,418,118 289,290 289,362 — 1,996,770 Operating income 190,187 44,931 34,068 (636) 268,550 Allowance for equity funds used during construction 7,335 543 890 — 8,768 Equity in earnings of subsidiaries 47,504 — — (47,504) [2] — Retirement defined benefits credit (expense)—other than service costs (1,294) 672 (141) — (763) Interest expense and other charges, net (48,775) (10,004) (9,651) 636 [1] (67,794) Allowance for borrowed funds used during construction 2,540 160 292 — 2,992 Income before income taxes 197,497 36,302 25,458 (47,504) 211,753 Income taxes 27,077 8,275 5,066 — 40,418 Net income 170,420 28,027 20,392 (47,504) 171,335 Preferred stock dividends of subsidiaries — 534 381 — 915 Net income attributable to Hawaiian Electric 170,420 27,493 20,011 (47,504) 170,420 Preferred stock dividends of Hawaiian Electric 1,080 — — — 1,080 Net income for common stock $ 169,340 27,493 20,011 (47,504) $ 169,340 Consolidating statement of income Year ended December 31, 2019 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Consolidating adjustments Hawaiian Electric Consolidated Revenues $ 1,803,698 364,590 378,202 (548) [1] $ 2,545,942 Expenses Fuel oil 494,728 84,565 141,416 — 720,709 Purchased power 494,215 90,989 48,052 — 633,256 Other operation and maintenance 319,771 76,091 85,875 — 481,737 Depreciation 143,470 41,812 30,449 — 215,731 Taxes, other than income taxes 170,979 33,787 35,365 — 240,131 Total expenses 1,623,163 327,244 341,157 — 2,291,564 Operating income 180,535 37,346 37,045 (548) 254,378 Allowance for equity funds used during construction 9,955 816 1,216 — 11,987 Equity in earnings of subsidiaries 43,167 — — (43,167) [2] — Retirement defined benefits expense—other than service costs (2,287) (422) (127) — (2,836) Interest expense and other charges, net (51,199) (10,741) (9,450) 548 [1] (70,842) Allowance for borrowed funds used during construction 3,666 342 445 — 4,453 Income before income taxes 183,837 27,341 29,129 (43,167) 197,140 Income taxes 25,917 5,990 6,398 — 38,305 Net income 157,920 21,351 22,731 (43,167) 158,835 Preferred stock dividends of subsidiaries — 534 381 — 915 Net income attributable to Hawaiian Electric 157,920 20,817 22,350 (43,167) 157,920 Preferred stock dividends of Hawaiian Electric 1,080 — — — 1,080 Net income for common stock $ 156,840 20,817 22,350 (43,167) $ 156,840 Statements of Income and Comprehensive Income Data Years ended December 31 2021 2020 2019 (in thousands) Interest and dividend income Interest and fees on loans $ 198,802 $ 214,134 $ 233,632 Interest and dividends on investment securities 43,464 30,529 32,922 Total interest and dividend income 242,266 244,663 266,554 Interest expense Interest on deposit liabilities 4,981 10,654 16,830 Interest on other borrowings 59 460 1,610 Total interest expense 5,040 11,114 18,440 Net interest income 237,226 233,549 248,114 Provision for credit losses (25,825) 50,811 23,480 Net interest income after provision for credit losses 263,051 182,738 224,634 Noninterest income Fees from other financial services 21,225 16,447 19,275 Fee income on deposit liabilities 16,663 16,059 20,877 Fee income on other financial products 8,770 6,381 6,507 Bank-owned life insurance 7,318 6,483 7,687 Mortgage banking income 9,305 23,734 4,943 Gain on sale of real estate — — 10,762 Gain on sale of investment securities, net 528 9,275 653 Other income, net 851 (256) 2,074 Total noninterest income 64,660 78,123 72,778 Noninterest expense Compensation and employee benefits 113,970 104,443 103,009 Occupancy 20,584 21,573 21,272 Data processing 17,634 14,769 15,306 Services 10,327 11,121 10,239 Equipment 9,510 9,001 8,760 Office supplies, printing and postage 4,239 4,623 5,512 Marketing 3,870 3,435 4,490 FDIC insurance 3,235 2,342 1,204 Other expense 1 13,783 20,283 15,586 Total noninterest expense 197,152 191,590 185,378 Income before income taxes 130,559 69,271 112,034 Income taxes 29,325 11,688 23,061 Net income 101,234 57,583 88,973 Other comprehensive income (loss), net of taxes (52,728) 23,608 29,406 Comprehensive income $ 48,506 $ 81,191 $ 118,379 1 2021 and 2020 include approximately $0.6 million and $5.1 million of certain direct and incremental COVID-19 related costs, respectively. For 2020, these costs include $2.5 million of compensation expense and $2.0 million of enhanced cleaning and sanitation costs. Reconciliation to amounts per HEI Consolidated Statements of Income*: Years ended December 31 2021 2020 2019 (in thousands) Interest and dividend income $ 242,266 $ 244,663 $ 266,554 Noninterest income 64,660 78,123 72,778 Less: Gain on sale of real estate — — 10,762 Less: Gain on sale of investment securities, net 528 9,275 653 *Revenues-Bank 306,398 313,511 327,917 Total interest expense 5,040 11,114 18,440 Provision for credit losses (25,825) 50,811 23,480 Noninterest expense 197,152 191,590 185,378 Less: Retirement defined benefits expense (credit)—other than service costs (1,828) 1,813 (472) Add: Gain on sale of real estate — — 10,762 *Expenses-Bank 178,195 251,702 217,008 *Operating income-Bank 128,203 61,809 110,909 Add back: Retirement defined benefits expense (credit)—other than service costs (1,828) 1,813 (472) Add back: Gain on sale of investment securities, net 528 9,275 653 Income before income taxes $ 130,559 $ 69,271 $ 112,034 |
| Schedule of statements of comprehensive income data | Statements of Income and Comprehensive Income Data Years ended December 31 2021 2020 2019 (in thousands) Interest and dividend income Interest and fees on loans $ 198,802 $ 214,134 $ 233,632 Interest and dividends on investment securities 43,464 30,529 32,922 Total interest and dividend income 242,266 244,663 266,554 Interest expense Interest on deposit liabilities 4,981 10,654 16,830 Interest on other borrowings 59 460 1,610 Total interest expense 5,040 11,114 18,440 Net interest income 237,226 233,549 248,114 Provision for credit losses (25,825) 50,811 23,480 Net interest income after provision for credit losses 263,051 182,738 224,634 Noninterest income Fees from other financial services 21,225 16,447 19,275 Fee income on deposit liabilities 16,663 16,059 20,877 Fee income on other financial products 8,770 6,381 6,507 Bank-owned life insurance 7,318 6,483 7,687 Mortgage banking income 9,305 23,734 4,943 Gain on sale of real estate — — 10,762 Gain on sale of investment securities, net 528 9,275 653 Other income, net 851 (256) 2,074 Total noninterest income 64,660 78,123 72,778 Noninterest expense Compensation and employee benefits 113,970 104,443 103,009 Occupancy 20,584 21,573 21,272 Data processing 17,634 14,769 15,306 Services 10,327 11,121 10,239 Equipment 9,510 9,001 8,760 Office supplies, printing and postage 4,239 4,623 5,512 Marketing 3,870 3,435 4,490 FDIC insurance 3,235 2,342 1,204 Other expense 1 13,783 20,283 15,586 Total noninterest expense 197,152 191,590 185,378 Income before income taxes 130,559 69,271 112,034 Income taxes 29,325 11,688 23,061 Net income 101,234 57,583 88,973 Other comprehensive income (loss), net of taxes (52,728) 23,608 29,406 Comprehensive income $ 48,506 $ 81,191 $ 118,379 1 2021 and 2020 include approximately $0.6 million and $5.1 million of certain direct and incremental COVID-19 related costs, respectively. For 2020, these costs include $2.5 million of compensation expense and $2.0 million of enhanced cleaning and sanitation costs. Reconciliation to amounts per HEI Consolidated Statements of Income*: Years ended December 31 2021 2020 2019 (in thousands) Interest and dividend income $ 242,266 $ 244,663 $ 266,554 Noninterest income 64,660 78,123 72,778 Less: Gain on sale of real estate — — 10,762 Less: Gain on sale of investment securities, net 528 9,275 653 *Revenues-Bank 306,398 313,511 327,917 Total interest expense 5,040 11,114 18,440 Provision for credit losses (25,825) 50,811 23,480 Noninterest expense 197,152 191,590 185,378 Less: Retirement defined benefits expense (credit)—other than service costs (1,828) 1,813 (472) Add: Gain on sale of real estate — — 10,762 *Expenses-Bank 178,195 251,702 217,008 *Operating income-Bank 128,203 61,809 110,909 Add back: Retirement defined benefits expense (credit)—other than service costs (1,828) 1,813 (472) Add back: Gain on sale of investment securities, net 528 9,275 653 Income before income taxes $ 130,559 $ 69,271 $ 112,034 |
| Schedule of balance sheets data | Consolidating balance sheet December 31, 2021 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating Hawaiian Electric Assets Property, plant and equipment Utility property, plant and equipment Land $ 42,737 5,606 3,594 — — $ 51,937 Plant and equipment 5,097,033 1,390,361 1,248,589 — — 7,735,983 Less accumulated depreciation (1,757,096) (619,991) (563,430) — — (2,940,517) Construction in progress 159,854 17,129 27,586 — — 204,569 Utility property, plant and equipment, net 3,542,528 793,105 716,339 — — 5,051,972 Nonutility property, plant and equipment, less accumulated depreciation 5,302 115 1,532 — — 6,949 Total property, plant and equipment, net 3,547,830 793,220 717,871 — — 5,058,921 Investment in wholly-owned subsidiaries, at equity 676,237 — — — (676,237) [2] — Current assets Cash and cash equivalents 23,344 5,326 23,422 77 — 52,169 Restricted cash 3,089 — — — — 3,089 Advances to affiliates 1,000 — — — (1,000) [1] — Customer accounts receivable, net 135,949 28,469 22,441 — — 186,859 Accrued unbilled revenues, net 92,469 19,529 17,157 — — 129,155 Other accounts receivable, net 18,624 3,347 3,031 — (17,735) [1] 7,267 Fuel oil stock, at average cost 71,184 12,814 20,080 — — 104,078 Materials and supplies, at average cost 42,006 9,727 20,144 — — 71,877 Prepayments and other 32,140 6,052 7,114 — 725 [1] 46,031 Regulatory assets 58,695 3,051 4,918 — — 66,664 Total current assets 478,500 88,315 118,307 77 (18,010) 667,189 Other long-term assets Operating lease right-of-use assets 78,710 22,442 318 — — 101,470 Regulatory assets 337,903 81,645 79,331 — — 498,879 Other 130,546 17,124 18,510 — (1,014) [1] 165,166 Total other long-term assets 547,159 121,211 98,159 — (1,014) 765,515 Total assets $ 5,249,726 1,002,746 934,337 77 (695,261) $ 6,491,625 Capitalization and liabilities Capitalization Common stock equity $ 2,261,899 332,900 343,260 77 (676,237) [2] $ 2,261,899 Cumulative preferred stock–not subject to mandatory redemption 22,293 7,000 5,000 — — 34,293 Long-term debt, net 1,136,620 234,390 253,417 — — 1,624,427 Total capitalization 3,420,812 574,290 601,677 77 (676,237) 3,920,619 Current liabilities Current portion of operating lease liabilities 45,955 3,378 35 — — 49,368 Current portion of long-term debt, net 39,981 11,994 — — — 51,975 Short-term borrowings-affiliate — 1,000 — — (1,000) [1] — Accounts payable 111,024 26,139 22,844 — — 160,007 Interest and preferred dividends payable 12,442 2,617 2,269 — (3) [1] 17,325 Taxes accrued, including revenue taxes 143,723 33,153 30,679 — 725 [1] 208,280 Regulatory liabilities 22,240 3,247 4,273 — — 29,760 Other 56,752 14,158 18,540 — (17,881) [1] 71,569 Total current liabilities 432,117 95,686 78,640 — (18,159) 588,284 Deferred credits and other liabilities Operating lease liabilities 46,426 19,063 291 — — 65,780 Deferred income taxes 291,027 53,298 64,309 — — 408,634 Regulatory liabilities 695,152 179,267 92,589 — — 967,008 Unamortized tax credits 76,201 14,212 13,532 — — 103,945 Defined benefit pension and other postretirement benefit plans liability 220,480 48,900 53,257 — (857) [1] 321,780 Other 67,511 18,030 30,042 — (8) 115,575 Total deferred credits and other liabilities 1,396,797 332,770 254,020 — (865) 1,982,722 Total capitalization and liabilities $ 5,249,726 1,002,746 934,337 77 (695,261) $ 6,491,625 Consolidating balance sheet December 31, 2020 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating Hawaiian Electric Assets Property, plant and equipment Utility property, plant and equipment Land $ 42,411 5,606 3,594 — — $ 51,611 Plant and equipment 4,960,470 1,352,885 1,195,988 — — 7,509,343 Less accumulated depreciation (1,677,256) (597,606) (544,217) — — (2,819,079) Construction in progress 143,616 13,043 31,683 — — 188,342 Utility property, plant and equipment, net 3,469,241 773,928 687,048 — — 4,930,217 Nonutility property, plant and equipment, less accumulated depreciation 5,306 115 1,532 — — 6,953 Total property, plant and equipment, net 3,474,547 774,043 688,580 — — 4,937,170 Investment in wholly-owned subsidiaries, at equity 626,890 — — — (626,890) [2] — Current assets Cash and cash equivalents 42,205 3,046 2,032 77 — 47,360 Restricted cash 15,966 — — — — 15,966 Advances to affiliates 26,700 — — — (26,700) [1] — Customer accounts receivable, net 102,736 23,989 21,107 — — 147,832 Accrued unbilled revenues, net 73,628 13,631 13,777 — — 101,036 Other accounts receivable, net 17,984 3,028 2,856 — (16,195) [1] 7,673 Fuel oil stock, at average cost 38,777 8,471 10,990 — — 58,238 Materials and supplies, at average cost 38,786 9,896 18,662 — — 67,344 Prepayments and other 34,306 5,197 4,580 — — 44,083 Regulatory assets 22,095 1,954 6,386 — — 30,435 Total current assets 413,183 69,212 80,390 77 (42,895) 519,967 Other long-term assets Operating lease right-of-use assets 125,858 1,443 353 — — 127,654 Regulatory assets 513,192 114,461 108,620 — — 736,273 Other 98,307 17,992 20,010 — — 136,309 Total other long-term assets 737,357 133,896 128,983 — — 1,000,236 Total assets $ 5,251,977 977,151 897,953 77 (669,785) $ 6,457,373 Capitalization and liabilities Capitalization Common stock equity $ 2,141,918 317,451 309,363 77 (626,891) [2] $ 2,141,918 Cumulative preferred stock–not subject to mandatory redemption 22,293 7,000 5,000 — — 34,293 Long-term debt, net 1,116,426 216,447 228,429 — — 1,561,302 Total capitalization 3,280,637 540,898 542,792 77 (626,891) 3,737,513 Current liabilities Current portion of operating lease liabilities 64,599 98 33 — — 64,730 Short-term borrowings-non-affiliate 49,979 — — — — 49,979 Short-term borrowings-affiliate — 18,800 7,900 — (26,700) [1] — Accounts payable 97,102 19,570 17,177 — — 133,849 Interest and preferred dividends payable 14,480 3,138 2,790 — (58) [1] 20,350 Taxes accrued, including revenue taxes 135,018 29,869 27,637 — — 192,524 Regulatory liabilities 20,224 8,785 8,292 — — 37,301 Other 57,926 13,851 18,621 — (16,136) [1] 74,262 Total current liabilities 439,328 94,111 82,450 — (42,894) 572,995 Deferred credits and other liabilities Operating lease liabilities 67,824 1,344 326 — — 69,494 Deferred income taxes 282,685 54,108 61,005 — — 397,798 Regulatory liabilities 656,270 173,938 92,277 — — 922,485 Unamortized tax credits 82,563 15,363 13,989 — — 111,915 Defined benefit pension and other postretirement benefit plans liability 373,112 77,679 79,741 — — 530,532 Other 69,558 19,710 25,373 — — 114,641 Total deferred credits and other liabilities 1,532,012 342,142 272,711 — — 2,146,865 Total capitalization and liabilities $ 5,251,977 977,151 897,953 77 (669,785) $ 6,457,373 Balance Sheets Data December 31 2021 2020 (in thousands) Assets Cash and due from banks $ 100,051 $ 178,422 Interest-bearing deposits 151,189 114,304 Cash and cash equivalents 251,240 292,726 Investment securities Available-for-sale, at fair value 2,574,618 1,970,417 Held-to-maturity, at amortized cost (fair value of $510,474 and $229,963 at December 31, 2021 and 2020, respectively) 522,270 226,947 Stock in Federal Home Loan Bank, at cost 10,000 8,680 Loans held for investment 5,211,114 5,333,843 Allowance for credit losses (71,130) (101,201) Net loans 5,139,984 5,232,642 Loans held for sale, at lower of cost or fair value 10,404 28,275 Other 590,897 554,656 Goodwill 82,190 82,190 Total assets $ 9,181,603 $ 8,396,533 Liabilities and shareholder’s equity Deposit liabilities–noninterest-bearing $ 2,976,632 $ 2,598,500 Deposit liabilities–interest-bearing 5,195,580 4,788,457 Other borrowings 88,305 89,670 Other 193,268 183,731 Total liabilities 8,453,785 7,660,358 Commitments and contingencies Common stock 1 1 Additional paid in capital 353,895 351,758 Retained earnings 411,704 369,470 Accumulated other comprehensive income (loss), net of taxes Net unrealized gains (losses) on securities $ (32,037) $ 19,986 Retirement benefit plans (5,745) (37,782) (5,040) 14,946 Total shareholder’s equity 727,818 736,175 Total liabilities and shareholder’s equity $ 9,181,603 $ 8,396,533 December 31 2021 2020 (in thousands) Other assets Bank-owned life insurance $ 177,566 $ 163,265 Premises and equipment, net 202,299 206,134 Accrued interest receivable 20,854 24,616 Mortgage servicing rights 9,950 10,020 Low-income housing investments 110,989 83,435 Other 69,239 67,186 $ 590,897 $ 554,656 Other liabilities Accrued expenses $ 87,905 $ 62,694 Federal and state income taxes payable — 6,582 Cashier’s checks 33,675 38,011 Advance payments by borrowers 9,994 10,207 Other 61,694 66,237 $ 193,268 $ 183,731 |
| Schedule of the book value and aggregate fair value by major security type | The major components of investment securities were as follows: Gross unrealized losses Gross unrealized Gross unrealized Estimated fair value Less than 12 months 12 months or longer (dollars in thousands) Amortized Number of issues Fair value Amount Number of issues Fair value Amount December 31, 2021 Available-for-sale U.S. Treasury and federal agency obligations $ 89,714 $ 803 $ (427) $ 90,090 4 $ 44,827 $ (427) — $ — $ — Mortgage-backed securities* 2,482,618 6,511 (51,206) 2,437,923 120 1,845,243 (38,321) 18 271,012 (12,885) Corporate bonds 30,625 655 (102) 31,178 1 12,780 (102) — — — Mortgage revenue bonds 15,427 — — 15,427 — — — — — — $ 2,618,384 $ 7,969 $ (51,735) $ 2,574,618 125 $ 1,902,850 $ (38,850) 18 $ 271,012 $ (12,885) Held-to-maturity US Treasury and Federal agency obligations $ 59,871 $ 168 $ (170) $ 59,869 2 $ 39,594 $ (170) — $ — $ — Mortgage-backed securities* 462,399 1,480 (13,274) 450,605 22 290,883 (7,665) 7 106,483 (5,609) $ 522,270 $ 1,648 $ (13,444) $ 510,474 24 $ 330,477 $ (7,835) 7 $ 106,483 $ (5,609) December 31, 2020 Available-for-sale U.S. Treasury and federal agency obligations $ 60,260 $ 2,062 $ — $ 62,322 — $ — $ — — $ — $ — Mortgage-backed securities* 1,825,893 26,817 (3,151) 1,849,559 22 373,924 (3,151) — — — Corporate bonds 29,776 1,575 — 31,351 — — — — — — Mortgage revenue bonds 27,185 — — 27,185 — — — — — — $ 1,943,114 $ 30,454 $ (3,151) $ 1,970,417 22 $ 373,924 $ (3,151) — $ — $ — Held-to-maturity Mortgage-backed securities* $ 226,947 $ 3,846 $ (830) $ 229,963 7 $ 114,152 $ (830) — $ — $ — $ 226,947 $ 3,846 $ (830) $ 229,963 7 $ 114,152 $ (830) — $ — $ — * 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: Amortized Fair December 31, 2021 Cost value (in thousands) Available-for-sale Due in one year or less $ 15,055 $ 15,298 Due after one year through five years 62,461 63,256 Due after five years through ten years 58,250 58,141 Due after ten years — — 135,766 136,695 Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies 2,482,618 2,437,923 Total available-for-sale securities $ 2,618,384 $ 2,574,618 Held-to-maturity Due in one year or less $ — $ — Due after one year through five years — — Due after five years through ten years 59,871 59,869 Due after ten years — — 59,871 59,869 Mortgage-backed securities — issued or guaranteed by U.S. Government agencies or sponsored agencies 462,399 450,605 Total held-to-maturity securities $ 522,270 $ 510,474 |
| Schedule of proceeds, gains and losses from sales of available for sale investment securities | The proceeds, gross gains and losses from sales of available-for-sale securities were as follows: Years ended December 31 2021 2020 2019 (in thousands) Proceeds $ 197,354 $ 169,157 $ 19,810 Gross gains 975 9,275 653 Gross losses (447) — — |
| Schedule of interest income from available for sale investment securities | Interest income from taxable and non-taxable investment securities were as follows: Years ended December 31 2021 2020 2019 (in thousands) Taxable $ 42,534 $ 29,760 $ 31,848 Non-taxable 930 769 1,074 $ 43,464 $ 30,529 $ 32,922 |
| Schedule of loans receivable | The components of loans were summarized as follows: December 31 2021 2020 (in thousands) Real estate: Residential 1-4 family $ 2,299,212 $ 2,144,239 Commercial real estate 1,056,982 983,865 Home equity line of credit 835,663 963,578 Residential land 19,859 15,617 Commercial construction 91,080 121,424 Residential construction 11,138 11,022 Total real estate 4,313,934 4,239,745 Commercial 793,304 936,748 Consumer 113,966 168,733 Total loans 5,221,204 5,345,226 Less: Deferred fees and discounts (10,090) (11,383) Allowance for credit losses (71,130) (101,201) Total loans, net $ 5,139,984 $ 5,232,642 |
| Schedule of allowance for loan losses | The allowance for credit losses (balances and changes) and financing receivables by portfolio segment were as follows: (in thousands) Residential 1-4 family Commercial Home equity Residential land Commercial construction Residential construction Commercial Consumer Total December 31, 2021 Allowance for credit losses: Beginning balance $ 4,600 $ 35,607 $ 6,813 $ 609 $ 4,149 $ 11 $ 25,462 $ 23,950 $ 101,201 Charge-offs (67) — (45) — — — (1,561) (8,027) (9,700) Recoveries 92 — 113 61 — — 1,468 4,320 6,054 Net (charge-offs) recoveries 25 — 68 61 — — (93) (3,707) (3,646) Provision 1,920 (10,911) (1,224) (24) (1,963) 7 (9,571) (4,659) (26,425) Ending balance $ 6,545 $ 24,696 $ 5,657 $ 646 $ 2,186 $ 18 $ 15,798 $ 15,584 $ 71,130 Average loans outstanding $ 2,155,322 $ 1,046,276 $ 885,759 $ 18,227 $ 111,711 $ 11,361 $ 856,226 $ 135,609 $ 5,220,491 Net charge-offs (recoveries) to average loans — % — % (0.01 %) (0.33 %) — % — % 0.01 % 2.73 % 0.07 % December 31, 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) — (77) (351) — — (5,819) (19,900) (26,154) Recoveries 394 — 63 38 — — 872 3,381 4,748 Net (charge-offs) recoveries 387 — (14) (313) — — (4,947) (16,519) (21,406) Provision (317) 20,346 446 537 1,763 (6) 19,242 7,800 49,811 Ending balance $ 4,600 $ 35,607 $ 6,813 $ 609 $ 4,149 $ 11 $ 25,462 $ 23,950 $ 101,201 Average loans outstanding $ 2,148,848 $ 861,096 $ 1,060,444 $ 13,799 $ 93,740 $ 10,703 $ 935,663 $ 215,994 $ 5,340,287 Net charge-offs (recoveries) to average loans (0.02) % — % — % 2.27 % — % — % 0.53 % 7.65 % 0.40 % December 31, 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 (26) — (144) (4) — — (6,811) (21,677) (28,662) Recoveries 854 — 17 229 — — 2,351 2,967 6,418 Net (charge-offs) recoveries 828 — (127) 225 — — (4,460) (18,710) (22,244) Provision (424) 548 678 (255) (693) (1) 5,480 18,147 23,480 Ending balance $ 2,380 $ 15,053 $ 6,922 $ 449 $ 2,097 $ 3 $ 10,245 $ 16,206 $ 53,355 Average loans outstanding $ 2,164,759 $ 781,531 $ 1,043,479 $ 14,065 $ 81,937 $ 10,513 $ 620,206 $ 270,340 $ 4,986,830 Net charge-offs (recoveries) to average loans (0.04) % — % 0.01 % (1.60 %) — % — % 0.72 % 6.92 % 0.45 % 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 | The allowance for loan commitments by portfolio segment were as follows: (in thousands) Home equity Commercial construction Commercial loans Total Year ended December 31, 2021 Allowance for loan commitments: Beginning balance $ 300 $ 3,000 $ 1,000 $ 4,300 Provision 100 700 (200) 600 Ending balance $ 400 $ 3,700 $ 800 $ 4,900 Year ended December 31, 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 — 324 676 1,000 Ending balance $ 300 $ 3,000 $ 1,000 $ 4,300 |
| 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) 2021 2020 2019 2018 2017 Prior Revolving loans Converted to term loans Total December 31, 2021 Residential 1-4 family Current $ 791,758 $ 461,683 $ 133,345 $ 64,421 $ 124,994 $ 712,452 $ — $ — $ 2,288,653 30-59 days past due — — — 809 — 2,210 — — 3,019 60-89 days past due — — — — — 1,468 — — 1,468 Greater than 89 days past due — — 2,987 — — 3,085 — — 6,072 791,758 461,683 136,332 65,230 124,994 719,215 — — 2,299,212 Home equity line of credit Current — — — — — — 794,518 39,116 833,634 30-59 days past due — — — — — — 296 313 609 60-89 days past due — — — — — — 16 70 86 Greater than 89 days past due — — — — — — 838 496 1,334 — — — — — — 795,668 39,995 835,663 Residential land Current 10,572 6,794 1,116 532 267 181 — — 19,462 30-59 days past due — — — — — — — — — 60-89 days past due — — — — — — — — — Greater than 89 days past due — — — — — 397 — — 397 10,572 6,794 1,116 532 267 578 — — 19,859 Residential construction Current 7,856 3,019 — — 263 — — — 11,138 30-59 days past due — — — — — — — — — 60-89 days past due — — — — — — — — — Greater than 89 days past due — — — — — — — — — 7,856 3,019 — — 263 — — — 11,138 Consumer Current 37,563 15,488 29,383 10,897 302 238 12,740 4,157 110,768 30-59 days past due 202 181 517 234 15 — 156 70 1,375 60-89 days past due 59 127 392 183 8 — 7 106 882 Greater than 89 days past due 14 93 387 192 27 — 141 87 941 37,838 15,889 30,679 11,506 352 238 13,044 4,420 113,966 Commercial real estate Pass 173,794 275,242 49,317 56,490 33,581 259,583 11,602 — 859,609 Special Mention 19,600 3,529 42,935 30,870 20,788 32,824 — — 150,546 Substandard — 684 13,936 1,859 1,805 28,543 — — 46,827 Doubtful — — — — — — — — — 193,394 279,455 106,188 89,219 56,174 320,950 11,602 — 1,056,982 Commercial construction Pass 17,140 43,261 — 11,342 — — 19,337 — 91,080 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — 17,140 43,261 — 11,342 — — 19,337 — 91,080 Commercial Pass 266,087 96,963 79,329 56,497 31,019 66,570 96,673 15,510 708,648 Special Mention 40 27,336 10,071 202 439 8,966 15,303 18 62,375 Substandard 427 184 3,737 1,777 4,457 2,961 7,083 1,655 22,281 Doubtful — — — — — — — — — 266,554 124,483 93,137 58,476 35,915 78,497 119,059 17,183 793,304 Total loans $ 1,325,112 $ 934,584 $ 367,452 $ 236,305 $ 217,965 $ 1,119,478 $ 958,710 $ 61,598 $ 5,221,204 Term Loans by Origination Year Revolving Loans (in thousands) 2020 2019 2018 2017 2016 Prior Revolving loans Converted to term loans Total December 31, 2020 Residential 1-4 family Current $ 567,282 $ 218,988 $ 111,243 $ 203,916 $ 184,888 $ 849,788 $ — $ — $ 2,136,105 30-59 days past due — — — — — 2,629 — — 2,629 60-89 days past due — 476 — — — 2,314 — — 2,790 Greater than 89 days past due — — — 353 — 2,362 — — 2,715 567,282 219,464 111,243 204,269 184,888 857,093 — — 2,144,239 Home equity line of credit Current — — — — — — 927,106 33,228 960,334 30-59 days past due — — — — — — 552 298 850 60-89 days past due — — — — — — 267 75 342 Greater than 89 days past due — — — — — — 1,463 589 2,052 — — — — — — 929,388 34,190 963,578 Residential land Current 8,357 3,427 1,598 939 22 272 — — 14,615 30-59 days past due — — — — — 702 — — 702 60-89 days past due — — — — — — — — — Greater than 89 days past due — — — — — 300 — — 300 8,357 3,427 1,598 939 22 1,274 — — 15,617 Residential construction Current 6,919 3,093 385 625 — — — — 11,022 30-59 days past due — — — — — — — — — 60-89 days past due — — — — — — — — — Greater than 89 days past due — — — — — — — — — 6,919 3,093 385 625 — — — — 11,022 Consumer Current 28,818 67,159 37,072 7,207 293 348 18,351 3,758 163,006 30-59 days past due 406 1,085 727 155 4 — 138 90 2,605 60-89 days past due 191 549 427 165 3 — 97 59 1,491 Greater than 89 days past due 131 532 409 119 7 — 262 171 1,631 29,546 69,325 38,635 7,646 307 348 18,848 4,078 168,733 Commercial real estate Pass 270,603 63,301 62,168 28,432 55,089 155,654 11,000 — 646,247 Special Mention 10,261 36,405 57,952 33,763 68,287 48,094 — — 254,762 Substandard — 14,720 4,181 1,892 4,423 57,640 — — 82,856 Doubtful — — — — — — — — — 280,864 114,426 124,301 64,087 127,799 261,388 11,000 — 983,865 Commercial construction Pass 14,480 31,965 26,990 — 5,562 — 22,517 — 101,514 Special Mention 1,910 — — 18,000 — — — — 19,910 Substandard — — — — — — — — — Doubtful — — — — — — — — — 16,390 31,965 26,990 18,000 5,562 — 22,517 — 121,424 Commercial Pass 392,088 117,791 75,533 29,211 12,520 35,770 74,520 11,004 748,437 Special Mention 37,836 23,087 1,920 6,990 30,264 13,250 31,362 11,218 155,927 Substandard 304 7,785 2,043 4,017 7,542 3,113 5,265 1,928 31,997 Doubtful — — — — — — 387 — 387 430,228 148,663 79,496 40,218 50,326 52,133 111,534 24,150 936,748 Total loans $ 1,339,586 $ 590,363 $ 382,648 $ 335,784 $ 368,904 $ 1,172,236 $ 1,093,287 $ 62,418 $ 5,345,226 |
| 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 Greater Total Current Total Recorded December 31, 2021 Real estate: Residential 1-4 family $ 3,019 $ 1,468 $ 6,072 $ 10,559 $ 2,288,653 $ 2,299,212 $ — Commercial real estate — — — — 1,056,982 1,056,982 — Home equity line of credit 609 86 1,334 2,029 833,634 835,663 — Residential land — — 397 397 19,462 19,859 — Commercial construction — — — — 91,080 91,080 — Residential construction — — — — 11,138 11,138 — Commercial 700 313 48 1,061 792,243 793,304 — Consumer 1,375 882 941 3,198 110,768 113,966 — Total loans $ 5,703 $ 2,749 $ 8,792 $ 17,244 $ 5,203,960 $ 5,221,204 $ — December 31, 2020 Real estate: Residential 1-4 family $ 2,629 $ 2,790 $ 2,715 $ 8,134 $ 2,136,105 $ 2,144,239 $ — Commercial real estate — 488 — 488 983,377 983,865 — Home equity line of credit 850 342 2,052 3,244 960,334 963,578 — Residential land 702 — 300 1,002 14,615 15,617 — Commercial construction — — — — 121,424 121,424 — Residential construction — — — — 11,022 11,022 — Commercial 608 300 132 1,040 935,708 936,748 — Consumer 2,605 1,491 1,631 5,727 163,006 168,733 — Total loans $ 7,394 $ 5,411 $ 6,830 $ 19,635 $ 5,325,591 $ 5,345,226 $ — |
| 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: December 31, 2021 December 31, 2020 (in thousands) With a Related Without a Total With a Related Without a Total Real estate: Residential 1-4 family $ 16,045 $ 3,703 $ 19,748 $ 8,991 $ 2,835 $ 11,826 Commercial real estate 14,104 1,221 15,325 15,847 2,875 18,722 Home equity line of credit 4,227 1,294 5,521 5,791 1,567 7,358 Residential land 97 300 397 108 300 408 Commercial construction — — — — — — Residential construction — — — — — — Commercial 1,446 692 2,138 1,819 3,328 5,147 Consumer 1,845 — 1,845 3,935 — 3,935 Total $ 37,764 $ 7,210 $ 44,974 $ 36,491 $ 10,905 $ 47,396 The credit risk profile based on loans whose terms have been modified and accruing interest were as follows: (in thousands) December 31, 2021 December 31, 2020 Real estate: Residential 1-4 family $ 6,949 $ 7,932 Commercial real estate 3,055 3,281 Home equity line of credit 6,021 8,148 Residential land 980 1,555 Commercial construction — — Residential construction — — Commercial 7,860 6,108 Consumer 52 54 Total troubled debt restructured loans accruing interest $ 24,917 $ 27,078 |
| Schedule of loan modifications | Loan modifications that occurred during 2021, 2020, and 2019 were as follows: (dollars in thousands) Number of contracts Outstanding recorded investment (as of period end) 1 Related allowance (as of period end) Year ended December 31, 2021 Real estate: Residential 1-4 family 14 $ 8,379 $ 442 Commercial real estate — — — Home equity line of credit — — — Residential land 3 799 38 Commercial construction — — — Residential construction — — — Commercial 7 2,931 205 Consumer — — — 24 $ 12,109 $ 685 Year ended December 31, 2020 Real estate: Residential 1-4 family 1 $ 144 $ 6 Commercial real estate 6 20,714 4,439 Home equity line of credit 3 85 11 Residential land 4 668 54 Commercial construction — — — Residential construction — — — Commercial 54 5,380 869 Consumer — — — 68 $ 26,991 $ 5,379 Year ended December 31, 2019 Real estate: Residential 1-4 family 11 $ 1,770 $ 190 Commercial real estate — — — Home equity line of credit 3 442 73 Residential land 3 1,086 — Commercial construction — — — Residential construction — — — Commercial 8 5,523 417 Consumer — — — 25 $ 8,821 $ 680 1 The 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 loans modified in TDRS that experienced a payment default of 90 days or more, and for which payment default occurred within one year of the modification | Loans modified in TDRs that experienced a payment default of 90 days or more in 2021, 2020, and 2019 and for which the payment default occurred within one year of the modification, were as follows: Years ended December 31 2021 2020 2019 (dollars in thousands) Number of Recorded Number of Recorded Number of Recorded Troubled debt restructurings that subsequently defaulted Real estate: Residential 1-4 family 1 $ 474 — $ — — $ — Commercial real estate — — — — — — Home equity line of credit — — — — — — Residential land — — — — — — Commercial construction — — — — — — Residential construction — — — — — — Commercial 1 9 — — — — Consumer — — — — — — 2 $ 483 — $ — — $ — |
| Schedule of collateral-dependent loans and carrying amount and the total unpaid principal balance of impaired loans | Loans considered collateral-dependent were as follows: December 31, 2021 December 31, 2020 Amortized cost Collateral type Amortized cost Collateral type (in thousands) Real estate: Residential 1-4 family $ 3,493 Residential real estate property $ 2,541 Residential real estate property Commercial real estate 1,221 Commercial real estate property 2,875 Commercial real estate property Home equity line of credit 1,294 Residential real estate property 1,567 Residential real estate property Residential land 300 Residential real estate property 300 Residential real estate property Total real estate 6,308 7,283 Commercial 692 Business assets 934 Business assets Total $ 7,000 $ 8,217 The total carrying amount and the total unpaid principal balance of impaired loans and ASB’s average recorded investment of, and interest income recognized from, impaired loans were as follows: December 31 2019 2019 (in thousands) Recorded Unpaid Related Average Interest With no related allowance recorded Real estate: Residential 1-4 family $ 6,817 $ 7,207 $ — $ 8,169 $ 907 Commercial real estate 195 200 — 16 — Home equity line of credit 1,984 2,135 — 2,020 84 Residential land 3,091 3,294 — 2,662 129 Commercial construction — — — — — Residential construction — — — — — Commercial 1,948 2,285 — 4,534 276 Consumer 2 2 — 21 4 14,037 15,123 — 17,422 1,400 With an allowance recorded Real estate: Residential 1-4 family 8,783 8,835 898 8,390 359 Commercial real estate 853 853 2 886 37 Home equity line of credit 10,089 10,099 322 11,319 567 Residential land — — — 27 — Commercial construction — — — — — Residential construction — — — — — Commercial 6,470 6,470 1,015 6,990 132 Consumer 505 505 454 360 24 26,700 26,762 2,691 27,972 1,119 Total Real estate: Residential 1-4 family 15,600 16,042 898 16,559 1,266 Commercial real estate 1,048 1,053 2 902 37 Home equity line of credit 12,073 12,234 322 13,339 651 Residential land 3,091 3,294 — 2,689 129 Commercial construction — — — — — Residential construction — — — — — Commercial 8,418 8,755 1,015 11,524 408 Consumer 507 507 454 381 28 $ 40,737 $ 41,885 $ 2,691 $ 45,394 $ 2,519 * 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 1 Valuation allowance Net December 31, 2021 $ 18,674 $ (8,724) $ — $ 9,950 December 31, 2020 $ 22,950 $ (12,670) $ (260) $ 10,020 1 Reflects impact of loans paid in full. Changes related to MSRs were as follows: (in thousands) 2021 2020 2019 Mortgage servicing rights Balance, January 1 $ 10,280 $ 9,101 $ 8,062 Amount capitalized 3,404 5,096 2,987 Amortization (3,734) (3,917) (1,948) Sale of mortgage servicing rights — — — Other-than-temporary impairment — — — Carrying amount before valuation allowance, December 31 9,950 10,280 9,101 Valuation allowance for mortgage servicing rights Balance, January 1 260 — — Provision (260) 260 — Other-than-temporary impairment — — — Balance, December 31 — 260 — Net carrying value of mortgage servicing rights $ 9,950 $ 10,020 $ 9,101 |
| 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: December 31 2021 2020 (dollars in thousands) Unpaid principal balance $ 1,481,899 $ 1,450,312 Weighted average note rate 3.38 % 3.68 % Weighted average discount rate 9.25 % 9.25 % Weighted average prepayment speed 9.77 % 17.70 % 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 (dollars in thousands) Fair value Valuation technique Significant unobservable input Range Weighted December 31, 2020 Commercial loan $ 387 Fair value of collateral Appraised value less selling cost N/A (2) N/A (2) Mortgage servicing rights $ 3,001 Discounted cash flow Prepayment speed 15%-22% 22% Discount rate 9.3% (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 of MSR to hypothetical adverse changes | 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: December 31 2021 2020 (in thousands) Prepayment rate: 25 basis points adverse rate change $ (714) $ (738) 50 basis points adverse rate change (1,608) (1,445) Discount rate: 25 basis points adverse rate change (129) (68) 50 basis points adverse rate change (256) (135) |
| Schedule of deposit liabilities | The summarized components of deposit liabilities were as follows: December 31 2021 2020 (dollars in thousands) Weighted-average stated rate Amount Weighted-average stated rate Amount Savings 0.03 % $ 3,234,646 0.03 % $ 2,873,727 Checking Interest-bearing 0.02 1,344,049 0.02 1,196,675 Noninterest-bearing — 1,472,727 — 1,329,264 Commercial checking — 1,503,905 — 1,269,236 Money market 0.06 192,909 0.09 169,225 Time certificates 0.67 423,976 0.99 548,830 0.05 % $ 8,172,212 0.09 % $ 7,386,957 |
| Schedule of maturities of term certificates | The approximate scheduled maturities of time certificates outstanding at December 31, 2021 were as follows: (in thousands) 2022 $ 275,702 2023 60,049 2024 47,248 2025 24,278 2026 13,736 Thereafter 2,963 $ 423,976 |
| Schedule of interest expense on deposit liabilities by type | Interest expense on deposit liabilities by type of deposit was as follows: Years ended December 31 2021 2020 2019 (in thousands) Time certificates $ 3,805 $ 7,944 $ 12,675 Savings 802 1,774 1,904 Money market 132 465 953 Interest-bearing checking 242 471 1,298 $ 4,981 $ 10,654 $ 16,830 |
| Schedule of securities sold under agreements to repurchase, which provided for repurchase of identical securities | Information concerning securities sold under agreements to repurchase, which provided for the repurchase of identical securities, was as follows: (dollars in thousands) 2021 2020 2019 Amount outstanding as of December 31 $ 88,305 $ 89,670 $ 115,110 Average amount outstanding during the year 88,405 73,738 79,598 Maximum amount outstanding as of any month-end 129,665 100,580 115,110 Weighted-average interest rate as of December 31 0.02 % 0.02 % 0.98 % Weighted-average interest rate during the year 0.02 % 0.42 % 0.96 % Weighted-average remaining days to maturity as of December 31 1 1 1 |
| 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 of Gross amount Net amount of Repurchase agreements December 31, 2021 $ 88 $ — $ 88 December 31, 2020 90 — 90 Gross amount not offset in the Balance Sheets (in millions) Net amount of Financial Cash Commercial account holders December 31, 2021 $ 88 $ 161 $ — December 31, 2020 90 92 — Securities sold under agreements to repurchase were summarized as follows: December 31 2021 2020 Maturity Repurchase liability Weighted-average Collateralized by Repurchase liability Weighted-average Collateralized by (dollars in thousands) Overnight $ 88,305 0.02 % $ 160,847 $ 89,670 0.02 % $ 92,478 1 to 29 days — — % — — — % — 30 to 90 days — — % — — — % — Over 90 days — — % — — — % — $ 88,305 0.02 % $ 160,847 $ 89,670 0.02 % $ 92,478 |
| Schedule of actual and minimum required capital amounts and ratios | The tables below set forth actual and minimum required capital amounts and ratios: Actual Minimum required Required to be well capitalized (dollars in thousands) Capital Ratio Capital Ratio Capital Ratio December 31, 2021 Tier 1 leverage $ 714,789 7.86 % $ 363,630 4.00 % $ 454,538 5.00 % Common equity tier 1 714,789 13.29 % 242,072 4.50 % 349,659 6.50 % Tier 1 capital 714,789 13.29 % 322,762 6.00 % 430,350 8.00 % Total capital 769,836 14.31 % 430,350 8.00 % 537,937 10.00 % December 31, 2020 Tier 1 leverage 677,786 8.38 % 323,700 4.00 % 404,625 5.00 % |
| Schedule of notional amounts and fair value of derivatives | The notional amount and fair value of ASB’s derivative financial instruments were as follows: December 31 2021 2020 (in thousands) Notional amount Fair value Notional amount Fair value Interest rate lock commitments $ 39,377 $ 638 $ 120,980 $ 4,536 Forward commitments 38,000 (11) 100,500 (500) |
| Schedule of derivative financial instruments, fair values, and balance sheet location | ASB’s derivative financial instruments, their fair values, and balance sheet location were as follows: Derivative Financial Instruments Not Designated as Hedging Instruments 1 December 31 2021 2020 (in thousands) Asset derivatives Liability derivatives Asset derivatives Liability derivatives Interest rate lock commitments $ 638 $ — $ 4,536 $ — Forward commitments — 11 — 500 $ 638 $ 11 $ 4,536 $ 500 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 amount and location of net gains or losses | 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 Location of net gains as Hedging Instruments (losses) recognized in Years ended December 31 (in thousands) the Statements of Income 2021 2020 2019 Interest rate lock commitments Mortgage banking income $ (3,898) $ 4,239 $ 206 Forward commitments Mortgage banking income 489 (458) 1 $ (3,409) $ 3,781 $ 207 |
| Schedule of off balance sheet arrangements | The following is a summary of outstanding off-balance sheet arrangements: December 31 2021 2020 (in thousands) Unfunded commitments to extend credit: Home equity line of credit $ 1,181,496 $ 1,248,773 Commercial and commercial real estate 612,158 574,281 Consumer 62,090 69,168 Residential 1-4 family 44,262 57,862 Commercial and financial standby letters of credit 11,723 13,718 Total $ 1,911,729 $ 1,963,802 |
