First Hawaiian (FHB) 10-Q 10 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 09, 2016
Document and Entity Information
Entity Registrant Name	FIRST HAWAIIAN, INC.
Entity Central Index Key	36,377
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		139,530,654
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest income
Loans and lease financing	$ 106,900	$ 100,234	$ 316,958	$ 303,594
Available-for-sale securities	21,123	17,750	57,135	55,066
Other	1,311	1,120	6,114	3,079
Total interest income	129,334	119,104	380,207	361,739
Interest expense
Deposits	6,632	5,504	19,602	16,470
Short-term borrowings and long-term debt	19	50	183	166
Total interest expense	6,651	5,554	19,785	16,636
Net interest income	122,683	113,550	360,422	345,103
Provision for loan and lease losses	2,100	2,550	4,700	7,400
Net interest income after provision for loan and lease losses	120,583	111,000	355,722	337,703
Noninterest income
Service charges on deposit accounts	9,575	10,441	28,759	30,656
Credit and debit card fees	14,103	13,858	41,732	41,633
Other service charges and fees	8,768	9,916	26,909	29,651
Trust and investment services income	7,508	7,372	22,236	22,610
Bank-owned life insurance	7,115	1,898	13,263	7,297
Investment securities gains, net	30	4,131	25,761	14,993
Other	1,591	8,886	9,920	17,375
Total noninterest income	48,690	56,502	168,580	164,215
Noninterest expense:
Salaries and employee benefits	42,106	42,696	128,762	126,990
Contracted services and professional fees	10,430	10,964	33,124	32,196
Occupancy	4,870	4,077	14,991	14,326
Equipment	4,192	3,885	12,135	10,986
Regulatory assessment and fees	3,546	2,404	8,869	7,124
Advertising and marketing	1,769	1,199	4,818	4,028
Card rewards program	4,512	3,503	10,743	11,914
Other	11,379	10,649	32,899	31,743
Total noninterest expense	82,804	79,377	246,341	239,307
Income before income taxes	86,469	88,125	277,961	262,611
Provision for income taxes	33,234	33,236	104,335	99,042
Net income	$ 53,235	$ 54,889	$ 173,626	$ 163,569
Basic earnings per share (in dollars per share)	$ 0.38	$ 0.39	$ 1.24	$ 1.17
Diluted earnings per share (in dollars per share)	0.38	0.39	1.24	1.17
Dividends declared per share	$ 0.20	$ 0	$ 0.42	$ 0
Basic weighted-average outstanding shares (in shares)	139,500,542	139,459,620	139,473,360	139,459,620
Diluted weighted-average outstanding shares (in shares)	139,503,558	139,459,620	139,474,373	139,459,620

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Consolidated Statements of Comprehensive Income
Net income	$ 53,235	$ 54,889	$ 173,626	$ 163,569
Net change in pension and other benefits			(46)
Net unrealized (losses) gains on investment securities	(6,023)	11,036	40,432	17,240
Net unrealized gains (losses) on cash flow derivative hedges	935	(495)	558	(609)
Other comprehensive (loss) income	(5,088)	10,541	40,944	16,631
Total comprehensive income	$ 48,147	$ 65,430	$ 214,570	$ 180,200

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 371,622	$ 300,096
Interest-bearing deposits in other banks	804,198	2,350,099
Investment securities	5,363,696	4,027,265
Loans and leases	11,396,555	10,722,030
Less: allowance for loan and lease losses	135,025	135,484
Net loans and leases	11,261,530	10,586,546
Premises and equipment, net	302,059	305,104
Other real estate owned and repossessed personal property	854	154
Accrued interest receivable	37,107	34,215
Bank-owned life insurance	432,031	424,545
Goodwill	995,492	995,492
Other intangible assets	17,554	21,435
Other assets	306,550	307,730
Total assets	19,892,693	19,352,681
Deposits:
Interest-bearing	11,164,989	10,730,095
Noninterest-bearing	5,800,538	5,331,829
Total deposits	16,965,527	16,061,924
Short-term borrowings	9,151	216,151
Long-term debt	41	48
Retirement benefits payable	139,567	133,910
Other liabilities	254,444	203,707
Total liabilities	17,368,730	16,615,740
Commitments and contingent liabilities (Note 12)
Stockholders' equity:
Net investment		2,788,200
Common stock ($0.01 par value; authorized 300,000,000 shares; issued and outstanding 139,530,654 shares and 139,459,620 shares as of September 30, 2016 and December 31, 2015, respectively)	1,395
Additional paid-in capital	2,482,679
Retained earnings	50,204
Accumulated other comprehensive loss, net	(10,315)	(51,259)
Total stockholders' equity	2,523,963	2,736,941
Total liabilities and stockholders' equity	$ 19,892,693	$ 19,352,681

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Consolidated Balance Sheets
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	300,000,000	300,000,000
Common stock, issued (in shares)	139,530,654	139,459,620
Common stock outstanding (in shares)	139,530,654	139,459,620

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Net Investment	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Balance at Dec. 31, 2014	$ 2,726,497				$ (51,457)	$ 2,675,040
Increase (Decrease) in Stockholders' Equity
Net income	163,569					163,569
Contributions	2,153					2,153
Distributions	(113,053)					(113,053)
Other comprehensive income, net of tax					16,631	16,631
Balance at Sep. 30, 2015	2,779,166				(34,826)	2,744,340
Balance at Jun. 30, 2015					(45,367)
Increase (Decrease) in Stockholders' Equity
Net income						54,889
Other comprehensive income, net of tax						10,541
Balance at Sep. 30, 2015	2,779,166				(34,826)	2,744,340
Balance at Dec. 31, 2015	2,788,200				(51,259)	2,736,941
Increase (Decrease) in Stockholders' Equity
Net income | Subsequent to reorganization on April 1, 2016				$ 108,095		108,095
Net income | Prior to reorganization on April 1, 2016	65,531					65,531
Net income						173,626
Contributions			$ 61,992			61,992
Distributions | Subsequent to reorganization on April 1, 2016			(69,938)			(69,938)
Distributions | Prior to reorganization on April 1, 2016	(363,624)					(363,624)
Recapitalization of First Hawaiian, Inc.	$ (2,490,107)	$ 1,395	2,488,712
Cash dividends declared ($0.42 per share)				(57,891)		(57,891)
Equity-based awards			1,913			1,913
Other comprehensive income, net of tax					40,944	40,944
Balance at Sep. 30, 2016		1,395	2,482,679	50,204	(10,315)	2,523,963
Balance at Jun. 30, 2016					(5,227)
Increase (Decrease) in Stockholders' Equity
Net income						53,235
Other comprehensive income, net of tax						(5,088)
Balance at Sep. 30, 2016		$ 1,395	$ 2,482,679	$ 50,204	$ (10,315)	$ 2,523,963

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Consolidated Statements of Stockholders' Equity
Cash dividends declared per share	$ 0.20	$ 0	$ 0.42	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities:
Net income	$ 173,626	$ 163,569
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan and lease losses	4,700	7,400
Depreciation, amortization, and accretion, net	39,786	33,111
Deferred income taxes	(176)	(16,586)
Stock compensation	2,059
Other, net	14	(1,143)
Originations of loans held for sale		(144,763)
Proceeds from sales of loans held for sale		147,297
Net gains on sales of loans held for sale		(3,145)
Net gains on investment securities	(25,761)	(14,993)
Change in assets and liabilities:
Net (increase) decrease in other assets	(13,789)	540
Net decrease in other liabilities	(1,367)	(16,301)
Net cash provided by operating activities	179,092	154,986
Available-for-sale securities:
Proceeds from maturities and principal repayments	893,184	1,043,957
Proceeds from sales	533,687	1,814,993
Purchases	(2,673,977)	(2,538,223)
Other investments:
Proceeds from sales	17,636	32,549
Purchases	(17,959)	(24,764)
Net increase in loans and leases resulting from originations and principal repayments	(676,234)	(434,748)
Proceeds from bank owned life insurance	5,777
Purchases of premises, equipment, and software	(11,179)	(13,981)
Proceeds from sales of premises and equipment	63	714
Proceeds from sales of other real estate owned	407	5,534
Other	50	165
Net cash used in investing activities	(1,928,545)	(113,804)
Cash flows from financing activities
Net increase in deposits	903,603	757,180
Net decrease in short-term borrowings	(207,000)	(82,000)
Dividends paid	(57,891)
Repayment of long-term debt	(10)	(10)
Distributions paid	(363,624)	(112,680)
Net cash provided by financing activities	275,078	562,490
Net (decrease) increase in cash and cash equivalents	(1,474,375)	603,672
Cash and cash equivalents at beginning of period	2,650,195	1,261,453
Cash and cash equivalents at end of period	1,175,820	1,865,125
Supplemental disclosures
Interest paid	19,034	16,490
Income taxes paid, net of income tax refunds	152,950	102,556
Noncash investing and financing activities:
Transfers from loans and leases to other real estate owned	1,056	2,261
Transfers from loans held for sale to loans and leases		$ 2,293
Derivative liability entered into in connection with sale of investment securities	$ 8,828

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
	Sep. 30, 2016
Organization and Basis of Presentation
Organization and Basis of Presentation	1. Organization and Basis of Presentation First Hawaiian, Inc. (“FHI”), a bank holding company, owns 100% of the outstanding common stock of First Hawaiian Bank (“FHB” or the “Bank”). FHI is a majority-owned, indirect subsidiary of BNP Paribas (“BNPP”), a financial institution based in France. Reorganization Transactions In connection with FHI’s initial public offering (“IPO”) in August 2016, BNPP announced its intent to sell a controlling interest in FHI, including its wholly-owned subsidiary FHB, over time, subject to market conditions and other considerations. In order to effect the initial public offering, a series of reorganization transactions (the “Reorganization Transactions”) occurred on April 1, 2016, in which FHI, which was then known as BancWest Corporation (“BancWest”), contributed its subsidiary, Bank of the West (“BOW”), to BNPP. In connection with the Reorganization Transactions, BancWest formed a new bank holding company, BancWest Holding Inc. (“BWHI”), a Delaware corporation and a direct wholly-owned subsidiary of BancWest, and contributed 100% of its interest in BOW, as well as other assets and liabilities not related to FHB, to BWHI. Following the contribution of BOW to BWHI, BancWest distributed its interest in BWHI to BNPP. After the Reorganization Transactions were consummated on April 1, 2016, the continuing business of BancWest consisted of its investment in FHB and the financial operations, assets, and liabilities of BancWest related to FHB. BancWest also amended its certificate of incorporation to change its name to “First Hawaiian, Inc.”, with First Hawaiian Bank remaining the only direct wholly-owned subsidiary of FHI. On July 1, 2016, in order to comply with the Board of Governors of the Federal Reserve System’s requirement (under Regulation YY) applicable to BNPP that a foreign banking organization with $50 billion or more in U.S. non-branch assets as of June 30, 2015 establish a U.S. intermediate holding company and hold its interest in the substantial majority of its U.S. subsidiaries through the intermediate holding company by July 1, 2016, FHI became an indirect subsidiary of BNP Paribas USA, Inc. (“BNP Paribas USA”), BNPP’s U.S. intermediate holding company. As part of that reorganization, BNPP effected the sale of all shares of FHI to a direct subsidiary of BNP Paribas USA, BancWest Corporation (“BWC”). On August 4, 2016, FHI’s common stock began trading on the NASDAQ Global Select Market under the ticker symbol “FHB”. On August 9, 2016, FHI completed its initial public offering of 24,250,000 shares of common stock, which included the full exercise of the underwriters’ option to purchase an additional 3,163,043 shares, at $23.00 per share. FHI did not receive any of the proceeds from the sale of the shares by BWC. Upon closing of the initial public offering, BNPP beneficially owned approximately 83% of FHI’s common stock. Basis of Presentation For periods prior to April 1, 2016, the financial operations, assets and liabilities of BancWest (now known as FHI) related to FHB (and not BOW) have been combined with FHB and are presented on a basis of accounting that reflects a change in reporting entity as if FHI were a separate stand-alone entity for all periods presented. The unaudited interim consolidated financial statements include allocations of certain FHI or FHB assets as agreed to by the parties and also certain expenses amounting to approximately $5.8 million and $13.1 million for the nine months ended September 30, 2016 and 2015, respectively, specifically applicable to the operations of BancWest (now known as FHI) related to FHB through the date of the Reorganization Transactions. Management believes these allocations are reasonable. Prior to April 1, 2016, the residual revenues and expenses not included in FHI’s unaudited interim consolidated financial statements represent those directly related to BWHI and have not been included in the unaudited interim consolidated financial statements of FHI. These allocated expenses, residual revenues and expenses are not necessarily indicative of the financial position or results of operations of First Hawaiian, Inc. and its consolidated subsidiaries (together, the “Company”) if it had operated as a stand-alone public entity during the reporting periods prior to April 1, 2016 and may not be indicative of the Company’s future results of operations and financial condition. Upon completion of the Reorganization Transactions on April 1, 2016, the unaudited interim consolidated financial statements of the Company reflected the results of operations, financial position and cash flows of FHI and its wholly-owned subsidiary, FHB. All intercompany account balances and transactions have been eliminated in consolidation. The accompanying unaudited interim consolidated financial statements and notes thereto should be read in conjunction with the Company’s audited combined financial statements and accompanying notes as of December 31, 2015 and 2014 included in the Company’s Prospectus dated August 3, 2016 and filed with the U.S. Securities and Exchange Commission in accordance with Rule 424(b)(4) of the Securities Act of 1933. In the opinion of management, all adjustments, which consist of normal recurring adjustments necessary for a fair presentation of the interim period consolidated financial information, have been made. Results of operations for interim periods are not necessarily indicative of results to be expected for the entire year. The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates. Recent Accounting Pronouncements The following Accounting Standards Updates (“ASU”) have been issued by the Financial Accounting Standards Board (“FASB”) and are applicable to the Company in 2017 or in future periods. In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . This update simplifies various aspects of the accounting for share-based payment transactions, including the income tax consequences, accounting for award forfeitures, and classification on the consolidated statements of cash flows. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2016. The Company does not believe this guidance will have a material impact on its consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . This update requires an entity to utilize a new impairment model known as the current expected credit loss (“CECL”) model to estimate its lifetime “expected credit loss” on a financial asset and record an allowance that, when deducted from the amortized cost basis of the financial asset, presents the net amount expected to be collected on the financial asset. The CECL model is expected to result in more timely recognition of credit losses. The update also requires new disclosures for financial assets measured at amortized cost, loans and available-for-sale debt securities. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with earlier adoption permitted. The Company is currently evaluating the impact this guidance, including the method of implementation, will have on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments . This update provides clarification regarding how certain cash receipts and cash payments are presented and classified in the consolidated statements of cash flows to reduce diversity in practice. This update is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, with earlier adoption permitted. The Company does not believe this guidance will have a material impact on its consolidated financial statements.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2016
Investment Securities
Investment Securities	2. Investment Securities As of September 30, 2016 and December 31, 2015, investment securities consisted predominantly of the following investment categories: U.S. Treasury and debt securities – includes U.S. Treasury notes and debt securities issued by government-sponsored enterprises. Mortgage and asset-backed securities – includes securities backed by notes or receivables secured by either mortgage or prime auto assets with cash flows based on actual or scheduled payments. Collateralized mortgage obligations – includes securities backed by a pool of mortgages with cash flows distributed based on certain rules rather than pass through payments. As of September 30, 2016 and December 31, 2015, all of the Company’s investment securities were classified as debt securities and available-for-sale. Amortized cost and fair value of securities as of September 30, 2016 and December 31, 2015 were as follows: September 30, 2016 December 31, 2015 Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Cost Gains Losses Value U.S. Treasury securities $ $ $ — $ $ $ — $ $ Government-sponsored enterprises debt securities Government agency mortgage-backed securities — Government-sponsored enterprises mortgage-backed securities — — Non-government mortgage-backed securities — — — — — — Non-government asset-backed securities — — Collateralized mortgage obligations: Government agency Government-sponsored enterprises Total available-for-sale securities $ $ $ $ $ $ $ $ The following table presents the unrealized gross losses and fair values of securities in the available-for-sale portfolio by length of time that the 46 and 120 individual securities in each category have been in a continuous loss position as of September 30, 2016 and December 31, 2015, respectively. The unrealized losses on investment securities were attributable to market conditions. Time in Continuous Loss as of September 30, 2016 Less Than 12 Months 12 Months or More Total Unrealized Unrealized Unrealized (dollars in thousands) Losses Fair Value Losses Fair Value Losses Fair Value Government-sponsored enterprises debt securities $ $ $ — $ — $ $ Government agency mortgage-backed securities — — Non-government asset-backed securities — Collateralized mortgage obligations: Government agency Government-sponsored enterprises Total available-for-sale securities with unrealized losses $ $ $ $ $ $ Time in Continuous Loss as of December 31, 2015 Less Than 12 Months 12 Months or More Total Unrealized Unrealized Unrealized (dollars in thousands) Losses Fair Value Losses Fair Value Losses Fair Value U.S. Treasury securities $ $ $ — $ — $ $ Government-sponsored enterprises debt securities — — Government agency mortgage-backed securities — — Non-government asset-backed securities — — Collateralized mortgage obligations: Government agency Government-sponsored enterprises Total available-for-sale securities with unrealized losses $ $ $ $ $ $ Visa Class B Restricted Shares In 2008, the Company received 394,000 Visa Class B restricted shares as part of Visa’s initial public offering. Visa Class B restricted shares are not currently convertible to publicly traded Visa Class A common shares, and only transferable in limited circumstances, until the settlement of a certain litigation which is indemnified by Visa members, including the Company. As there are existing transfer restrictions and the outcome of the aforementioned litigation is uncertain, these shares were included in the Consolidated Balance Sheets at their historical cost of $0. During the nine months ended September 30, 2016, the Company recorded a $22.7 million net realized gain related to the sale of 274,000 Visa Class B restricted shares. Concurrent with the sale of the Visa Class B restricted shares, the Company entered into an agreement with the buyer that requires payment to the buyer in the event Visa reduces each member bank’s Class B conversion ratio to unrestricted Class A common shares. See “Note 11. Derivative Financial Instruments” for more information. The Company held approximately 120,000 Visa Class B shares as of September 30, 2016 and 394,000 Visa Class B shares as of December 31, 2015. These shares continued to be carried at $0 cost basis during each of the respective periods. Proceeds from calls and sales of investment securities totaled $46.2 million and nil, respectively, for the three months ended September 30, 2016, and $121.2 million and $505.0 million, respectively, for the nine months ended September 30, 2016. Proceeds from calls and sales of investment securities totaled nil and $602.4 million, respectively, for the three months ended September 30, 2015, and nil and $1.8 billion, respectively, for the nine months ended September 30, 2015. Including the 2016 sale of Visa Class B restricted shares described above, the Company recorded gross realized gains of nil and $25.8 million for the three and nine months ended September 30, 2016 and $4.1 million and $15.0 million for the three and nine months ended September 30, 2015, respectively. There were no gross realized losses for the three and nine months ended September 30, 2016 and for the three and nine months ended September 30, 2015. The income tax expense related to the Company’s net realized gains on the sale of investment securities was nil and $10.2 million for the three and nine months ended September 30, 2016, respectively, and $1.6 million and $5.9 million for the three and nine months ended September 30, 2015, respectively. Gains and losses realized on sales of securities are determined using the specific identification method. Interest income from taxable investment securities was $21.1 million and $17.8 million for the three months ended September 30, 2016 and 2015, respectively, and $57.1 million and $55.1 million for the nine months ended September 30, 2016 and 2015, respectively. The Company did not own any non-taxable investment securities during the three and nine months ended September 30, 2016 and 2015. The amortized cost and fair value of U.S. Treasury and non-government securities as of September 30, 2016, by contractual maturity, are shown below. Mortgage-backed securities, asset-backed securities, and collateralized mortgage obligations are disclosed separately in the table below as remaining expected maturities will differ from contractual maturities as borrowers have the right to prepay obligations. September 30, 2016 Amortized Fair (dollars in thousands) Cost Value Due after one year through five years $ $ Due after five years through ten years Government agency mortgage-backed securities Government-sponsored enterprises mortgage-backed securities Non-government asset-backed securities Collateralized mortgage obligations: Government agency Government-sponsored enterprises Total mortgage- and asset-backed securities Total available-for-sale securities $ $ At September 30, 2016, pledged securities totaled $2.8 billion, of which $2.6 billion was pledged to secure public deposits and repurchase agreements, and $216.0 million was pledged to secure other financial transactions. At December 31, 2015, pledged securities totaled $3.1 billion, of which $2.9 billion was pledged to secure public deposits and repurchase agreements, and $206.3 million was pledged to secure other financial transactions. The Company held no securities of any single issuer, other than the U.S. government, government agency and government-sponsored enterprises, which were in excess of 10% of stockholders’ equity as of September 30, 2016 and December 31, 2015. Other-Than-Temporary Impairment (“OTTI”) Unrealized losses for all investment securities are reviewed to determine whether the losses are other than temporary. Investment securities are evaluated for OTTI on at least a quarterly basis, and more frequently when economic and market conditions warrant such an evaluation, to determine whether the decline in fair value below amortized cost is other than temporary. The term other than temporary is not intended to indicate that the decline is permanent, but indicates that the prospects for a near-term recovery of value are not necessarily favorable, or that there is a general lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. The decline in value is not related to any issuer- or industry-specific credit event. At September 30, 2016 and December 31, 2015, the Company did not have the intent to sell and determined it was more likely than not that the Company would not be required to sell the securities prior to recovery of the amortized cost basis. As the Company has the intent and ability to hold securities in an unrealized loss position, each security with an unrealized loss position in the above tables has been further assessed to determine if a credit loss exists. If it is probable that the Company will not collect all amounts due according to the contractual terms of an investment security, an OTTI is considered to have occurred. In determining whether a credit loss exists, the Company estimates the present value of future cash flows expected to be collected from the investment security. If the present value of future cash flows is less than the amortized cost basis of the security, an OTTI exists. As of September 30, 2016 and December 31, 2015, the Company did not expect any credit losses in its debt securities and no OTTI was recognized on securities during the three or nine months ended September 30, 2016 and for the year ended December 31, 2015.

Loans and Leases

Loans and Leases	9 Months Ended
	Sep. 30, 2016
Loans and Leases
Loans and Leases	3. Loans and Leases As of September 30, 2016 and December 31, 2015, loans and leases were comprised of the following: (dollars in thousands) 2016 2015 Commercial and industrial $ $ Real estate: Commercial Construction Residential Total real estate Consumer Lease financing Total loans and leases $ $ Outstanding loan balances are reported net of unearned income, including net deferred loan costs of $21.9 million and $17.2 million at September 30, 2016 and December 31, 2015, respectively. As of September 30, 2016, residential real estate loans totaling $2.0 billion were pledged to collateralize the Company’s borrowing capacity at the Federal Home Loan Bank of Des Moines (“FHLB”), and consumer and commercial and industrial loans totaling $935.6 million were pledged to collateralize the borrowing capacity at the Federal Reserve Bank of San Francisco (“FRB”). As of December 31, 2015, residential real estate loans totaling $2.5 billion were pledged to collateralize the Company’s borrowing capacity at the FHLB, and consumer and commercial and industrial loans totaling $814.2 million were pledged to collateralize the borrowing capacity at the FRB. Residential real estate loans collateralized by properties that were in the process of foreclosure totaled $4.0 million and $11.3 million at September 30, 2016 and December 31, 2015, respectively. In the course of evaluating the credit risk presented by a customer and the pricing that will adequately compensate the Company for assuming that risk, management may require a certain amount of collateral support. The type of collateral held varies, but may include accounts receivable, inventory, land, buildings, equipment, income-producing commercial properties and residential real estate. The Company applies the same collateral policy for loans whether they are funded immediately or on a delayed basis. The loan and lease portfolio is principally located in Hawaii and, to a lesser extent, on the U.S. Mainland, Guam and Saipan. The risk inherent in the portfolio depends upon both the economic stability of the state or territories, which affects property values, and the financial strength and creditworthiness of the borrowers. At September 30, 2016 and December 31, 2015, remaining loan and lease commitments were comprised of the following: (dollars in thousands) 2016 2015 Commercial and industrial $ $ Real estate: Commercial Construction Residential Total real estate Consumer Lease financing Total loan and lease commitments $ $

Allowance for Loan and Lease Lo

Allowance for Loan and Lease Losses	9 Months Ended
	Sep. 30, 2016
Allowance for Loan and Lease Losses
Allowance for Loan and Lease Losses	4. Allowance for Loan and Lease Losses The Company must maintain an allowance for loan and lease losses (the “Allowance”) that is adequate to absorb estimated probable credit losses associated with its loan and lease portfolio. The Allowance consists of an allocated portion, which covers estimated credit losses for specifically identified loans and pools of loans and leases, and an unallocated portion. Segmentation Management has identified three primary portfolio segments in estimating the Allowance: commercial lending, residential real estate lending and consumer lending. Commercial lending is further segmented into four distinct portfolios based on characteristics relating to the borrower, transaction, and collateral. These portfolio segments are: commercial and industrial, commercial real estate, construction, and lease financing. Residential real estate is not further segmented, but consists of single-family residential mortgages, real estate secured installment loans and home equity lines of credit. Consumer lending is not further segmented, but consists primarily of automobile loans, credit cards, and other installment loans. Management has developed a methodology for each segment taking into consideration portfolio segment-specific factors such as product type, loan portfolio characteristics, management information systems, and other risk factors. Specific Allocation Commercial A specific allocation is determined for individually impaired commercial loans. A loan is considered impaired when it is probable that the Company will be unable to collect the full amount of principal and interest according to the contractual terms of the loan agreement. Management identifies material impaired loans based on their size in relation to the Company’s total loan and lease portfolio. Each impaired loan equal to or exceeding a specified threshold requires an analysis to determine the appropriate level of reserve for that specific loan. Impaired loans below the specified threshold are treated as a pool, with specific allocations established based on qualitative factors such as asset quality trends, risk identification, lending policies, portfolio growth, and portfolio concentrations. Residential A specific allocation is determined for residential real estate loans based on delinquency status. In addition, each impaired loan equal to or exceeding a specified threshold requires analysis to determine the appropriate level of reserve for that specific loan, generally based on the value of the underlying collateral less estimated costs to sell. The specific allocation will be zero for impaired loans in which the value of the underlying collateral, less estimated costs to sell, exceeds the unpaid principal balance of the loan. Consumer A specific allocation is determined for the consumer loan portfolio using delinquency-based formula allocations. The Company uses a formula approach in determining the consumer loan specific allocation and recognizes the statistical validity of measuring losses predicated on past due status. Pooled Allocation Commercial Pooled allocation for pass, special mention, substandard, and doubtful grade commercial loans and leases that share common risk characteristics and properties is determined using a historical loss rate analysis and qualitative factor considerations. Loan grade categories are discussed under “Credit Quality”. Residential and Consumer Pooled allocation for non-delinquent consumer and residential real estate loans is determined using a historical loss rate analysis and qualitative factor considerations. Qualitative Adjustments Qualitative adjustments to historical loss rates or other static sources may be necessary since these rates may not be an accurate indicator of losses inherent in the current portfolio. To estimate the level of adjustments, management considers factors including global, national and local economic conditions; levels and trends in problem loans; the effect of credit concentrations; collateral value trends; changes in risk due to changes in lending policies and practices; management expertise; industry and regulatory trends; and volume of loans. Unallocated Allowance The Company’s Allowance incorporates an unallocated portion to cover risk factors and events that may have occurred as of the evaluation date that have not been reflected in the risk measures utilized due to inherent limitations in the precision of the estimation process. These risk factors, in addition to past and current events based on facts at the unaudited consolidated balance sheet date and realistic courses of action that management expects to take, are assessed in determining the level of unallocated allowance. The Allowance was comprised of the following for the periods indicated: Three Months Ended September 30, 2016 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ $ $ $ $ $ $ $ Charge-offs — — — — Recoveries — — — Increase (decrease) in Provision Balance at end of period $ $ $ $ $ $ $ $ Nine Months Ended September 30, 2016 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ $ $ $ $ $ $ $ Charge-offs — — — — Recoveries — — Increase (decrease) in Provision Balance at end of period $ $ $ $ $ $ $ $ Three Months Ended September 30, 2015 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ $ $ $ $ $ $ $ Charge-offs — — — — Recoveries — — Increase (decrease) in Provision Balance at end of period $ $ $ $ $ $ $ $ Nine Months Ended September 30, 2015 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ $ $ $ $ $ $ $ Charge-offs — — — — Recoveries — — Increase (decrease) in Provision Balance at end of period $ $ $ $ $ $ $ $ The disaggregation of the Allowance and recorded investment in loans by impairment methodology as of September 30, 2016 and December 31, 2015 were as follows: September 30, 2016 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Individually evaluated for impairment $ $ $ — $ — $ $ — $ — $ Collectively evaluated for impairment Balance at end of period $ $ $ $ $ $ $ $ Loans and leases: Individually evaluated for impairment $ $ $ — $ $ $ — $ — $ Collectively evaluated for impairment — Balance at end of period $ $ $ $ $ $ $ — $ December 31, 2015 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Individually evaluated for impairment $ — $ — $ — $ — $ $ — $ — $ Collectively evaluated for impairment Balance at end of period $ $ $ $ $ $ $ $ Loans and leases: Individually evaluated for impairment $ $ $ — $ $ $ — $ — $ Collectively evaluated for impairment — Balance at end of period $ $ $ $ $ $ $ — $ Credit Quality The Company performs an internal loan review and grading on an ongoing basis. The review provides management with periodic information as to the quality of the loan portfolio and effectiveness of its lending policies and procedures. The objective of the loan review and grading procedures is to identify, in a timely manner, existing or emerging credit quality problems so that appropriate steps can be initiated to avoid or minimize future losses. Loans subject to grading include: commercial and industrial loans, commercial and standby letters of credit, installment loans to businesses or individuals for business and commercial purposes, commercial real estate loans, overdraft lines of credit, commercial credit cards, and other credits as may be determined. Loans which are not subject to grading include loans that are 100% sold with no recourse to the Company, consumer installment loans, indirect automobile loans, consumer credit cards, business credit cards, home equity lines of credit and residential mortgage loans. Residential and consumer loans are underwritten primarily on the basis of credit bureau scores, debt-service-to-income ratios, and collateral quality and loan to value ratios. A credit risk rating system is used to determine loan grade and is based on borrower credit risk and transactional risk. The loan grading process is a mechanism used to determine the risk of a particular borrower and is based on the following eight factors of a borrower: character, earnings and operating cash flow, asset and liability structure, debt capacity, financial reporting, management and controls, borrowing entity, and industry and operating environment. Pass – “Pass” (uncriticized loans) and leases, are not considered to carry greater than normal risk. The borrower has the apparent ability to satisfy obligations to the Company, and therefore no loss in ultimate collection is anticipated. Special Mention – Loans and leases that have potential weaknesses that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for assets or in the institution’s credit position at some future date. Special mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Substandard – Loans and leases that are inadequately protected by the current financial condition and paying capacity of the obligor or by any collateral pledged. Loans and leases so classified must have a well-defined weakness or weaknesses that jeopardize the collection of the debt. They are characterized by the distinct possibility that the bank may sustain some loss if the deficiencies are not corrected. Doubtful – Loans and leases that have weaknesses found in substandard borrowers with the added provision that the weaknesses make collection of debt in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loss – Loans and leases classified as loss are considered uncollectible and of such little value that their continuance as an asset is not warranted. This classification does not mean that the loan or lease has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this basically worthless asset even though partial recovery may be effected in the future. The credit risk profiles by internally assigned grade for loans and leases as of September 30, 2016 and December 31, 2015 were as follows: September 30, 2016 Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Total Grade: Pass $ $ $ $ $ Special mention Substandard — Doubtful — — Total $ $ $ $ $ December 31, 2015 Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Total Grade: Pass $ $ $ $ $ Special mention Substandard — Doubtful — Total $ $ $ $ $ There were no loans and leases graded as Loss as of September 30, 2016 and December 31, 2015. The credit risk profiles based on payment activity for loans and leases that were not subject to loan grading as of September 30, 2016 and December 31, 2015 were as follows: September 30, 2016 (dollars in thousands) Residential Consumer Consumer - Auto Credit Cards Total Performing $ $ $ $ $ Nonperforming and delinquent Total $ $ $ $ $ December 31, 2015 (dollars in thousands) Residential Consumer Consumer - Auto Credit Cards Total Performing $ $ $ $ $ Nonperforming and delinquent Total $ $ $ $ $ Impaired and Nonaccrual Loans and Leases The Company evaluates certain loans and leases individually for impairment. A loan or lease is considered to be impaired when it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan or lease. An allowance for impaired commercial loans, including commercial real estate and construction loans, is measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s observable market price or the estimated fair value of the collateral, less any selling costs, if the loan is collateral dependent. An allowance for impaired residential loans is measured based on the estimated fair value of the collateral, less any selling costs. Management exercises significant judgment in developing these estimates. The Company generally places a loan on nonaccrual status when management believes that collection of principal or interest has become doubtful or when a loan or lease becomes 90 days past due as to principal or interest, unless it is well secured and in the process of collection. It is the Company’s policy to charge off a loan when the facts indicate that the loan is considered uncollectible. The aging analyses of past due loans and leases as of September 30, 2016 and December 31, 2015 were as follows: September 30, 2016 Accruing Loans and Leases Greater Total Non Than or Total Accruing 30-59 60-89 Equal to Total Accruing Loans Days Days 90 Days Past Loans and and Total (dollars in thousands) Past Due Past Due Past Due Due Current Leases Leases Outstanding Commercial and industrial $ $ — $ $ $ $ $ $ Commercial real estate — — — Construction — — — Lease financing — — Residential Consumer — Total $ $ $ $ $ $ $ $ December 31, 2015 Accruing Loans and Leases Greater Total Non Than or Total Accruing 30-59 60-89 Equal to Total Accruing Loans Days Days 90 Days Past Loans and and Total (dollars in thousands) Past Due Past Due Past Due Due Current Leases Leases Outstanding Commercial and industrial $ $ $ $ $ $ $ $ Commercial real estate — Construction — — — — — Lease financing — Residential Consumer — Total $ $ $ $ $ $ $ $ The total carrying amounts and the total unpaid principal balances of impaired loans and leases as of September 30, 2016 and December 31, 2015 were as follows: September 30, 2016 Unpaid Recorded Principal Related (dollars in thousands) Investment Balance Allowance Impaired loans with no related allowance recorded: Commercial and industrial $ $ $ — Commercial real estate — Lease financing — Residential — Total $ $ $ — Impaired loans with a related allowance recorded: Commercial and industrial $ $ $ Commercial real estate Residential Total $ $ $ Total impaired loans: Commercial and industrial $ $ $ Commercial real estate Lease financing — Residential Total $ $ $ December 31, 2015 Unpaid Recorded Principal Related (dollars in thousands) Investment Balance Allowance Impaired loans with no related allowance recorded: Commercial and industrial $ $ $ — Commercial real estate — Lease financing — Residential — Total $ $ $ — Impaired loans with a related allowance recorded: Residential $ $ $ Total $ $ $ Total impaired loans: Commercial and industrial $ $ $ — Commercial real estate — Lease financing — Residential Total $ $ $ The following table provides information with respect to the Company’s average balances, and of interest income recognized from, impaired loans for the three and nine months ended September 30, 2016 and 2015: Three Months Ended Nine Months Ended September 30, 2016 September 30, 2016 Average Interest Average Interest Recorded Income Recorded Income (dollars in thousands) Investment Recognized Investment Recognized Impaired loans with no related allowance recorded: Commercial and industrial $ $ $ $ Commercial real estate Construction — — — Lease financing Residential Total $ $ $ $ Impaired loans with a related allowance recorded: Commercial and industrial $ $ $ $ Commercial real estate Residential Total $ $ $ $ Total impaired loans: Commercial and industrial $ $ $ $ Commercial real estate Construction — — — Lease financing Residential Total $ $ $ $ Three Months Ended Nine Months Ended September 30, 2015 September 30, 2015 Average Interest Average Interest Recorded Income Recorded Income (dollars in thousands) Investment Recognized Investment Recognized Impaired loans with no related allowance recorded: Commercial and industrial $ $ $ $ Commercial real estate Construction — — Lease financing — — Residential Total $ $ $ $ Impaired loans with a related allowance recorded: Commercial and industrial $ $ $ $ Commercial real estate — — Residential Total $ $ $ $ Total impaired loans: Commercial and industrial $ $ $ $ Commercial real estate Construction — — Lease financing — — Residential Total $ $ $ $ Modifications Commercial and industrial loans modified in a troubled debt restructuring (“TDR”) often involve temporary interest-only payments, term extensions, and converting revolving credit lines to term loans. Additional collateral, a co-borrower, or a guarantor is often requested. Commercial real estate and construction loans modified in a TDR often involve reducing the interest rate for the remaining term of the loan, extending the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or substituting or adding a new borrower or guarantor. Construction loans modified in a TDR may also involve extending the interest-only payment period. Lease financing modifications generally involve a short-term forbearance period, usually about three months, after which the missed payments are added to the end of the lease term, thereby extending the maturity date. Interest continues to accrue on the missed payments and as a result, the effective yield on the lease remains unchanged. As the forbearance period usually involves an insignificant payment delay, lease financing modifications typically do not meet the reporting criteria for a TDR. Residential real estate loans modified in a TDR are primarily comprised of loans where monthly payments are lowered to accommodate the borrowers' financial needs for a period of time, normally two years. During that time, the borrower's entire monthly payment is applied to principal. After the lowered monthly payment period ends, the borrower reverts back to paying principal and interest per the original terms with the maturity date adjusted accordingly. Generally, consumer loans are not classified as a TDR as they are normally charged off upon reaching a predetermined delinquency status that ranges from 120 to 180 days and varies by product type. Loans modified in a TDR are typically already on nonaccrual status and partial charge-offs have in some cases already been taken against the outstanding loan balance. Loans modified in a TDR will have to be evaluated for impairment. As a result, this may have a financial effect of increasing the specific Allowance associated with the loan. An Allowance for impaired commercial loans, including commercial real estate and construction loans, that have been modified in a TDR is measured based on the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's observable market price, or the estimated fair value of the collateral, less any selling costs, if the loan is collateral dependent. An Allowance for impaired residential loans that have been modified in a TDR is measured based on the estimated fair value of the collateral, less any selling costs. Management exercises significant judgment in developing these estimates. The following presents, by class, information related to loans modified in a TDR during the three and nine months ended September 30, 2016 and 2015: Three Months Ended Nine Months Ended September 30, 2016 September 30, 2016 Unpaid Unpaid Number Principal Principal Number of Pre- Post- Related of Recorded Related (dollars in thousands) Contracts Modification Modification Allowance Contracts Investment (1) Allowance Commercial and industrial $ $ $ $ $ Commercial real estate Residential Total $ $ $ $ $ Three Months Ended Nine Months Ended September 30, 2015 September 30, 2015 Unpaid Unpaid Number Principal Principal Number of Pre- Post- Related of Recorded Related (dollars in thousands) Contracts Modification Modification Allowance Contracts Investment (1) Allowance Commercial and industrial $ $ $ — $ $ — Commercial real estate — — — — — Residential Total $ $ $ $ $ (1) The recorded investment balances reflect all partial paydowns and charge-offs since the modification date and do not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period. The above loans were modified in a TDR through temporary interest-only payments or reduced payments. The Company had total remaining loan and lease commitments including standby letters of credit of $5.2 billion as of both September 30, 2016 and December 31, 2015. Of the $5.2 billion at September 30, 2016, there were commitments of $6.3 million related to borrowers who had loan terms modified in a TDR. Of the $5.2 billion at December 31, 2015, there were no commitments to borrowers who had loan terms modified in a TDR. The following table presents, by class, loans modified in TDRs that have defaulted in the current period within 12 months of their permanent modification date for the periods indicated. The Company is reporting these defaulted TDRs based on a payment default definition of 30 days past due: Three Months Ended Nine Months Ended September 30, 2015 September 30, 2015 Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment (1) Contracts Investment (1) Commercial and industrial (2) $ $ Commercial real estate (3) Residential (4) — — Total $ $ (1) The recorded investment balances reflect all partial paydowns and charge-offs since the modification date and do not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period. (2) For the three and nine months ended September 30, 2015, five commercial and industrial loans that subsequently defaulted were refinanced and one was extended with a reduced interest rate. (3) For the three and nine months ended September 30, 2015, the commercial real estate loan that subsequently defaulted was refinanced. (4) For the three and nine months ended September 30, 2015, the residential real estate loan that subsequently defaulted was modified by reducing the interest rate. There were no loans modified in TDRs that have defaulted for the three and nine months ended September 30, 2016 within 12 months of the loan’s permanent modification date. Foreclosure Proceedings There was one residential mortgage loan of $0.5 million collateralized by real estate property that was modified in a TDR that was in the process of foreclosure at September 30, 2016 and two that were in process of foreclosure at September 30, 2015 totaling $0.8 million. Foreclosed Property Residential real estate property held from one foreclosed TDR of a residential mortgage loan included in other real estate owned and repossessed personal property shown in the consolidated balance sheets was $0.3 million at September 30, 2016. There were no holdings of real estate properties from foreclosed TDRs at September 30, 2015.

Transfers of Financial Assets

Transfers of Financial Assets	9 Months Ended
	Sep. 30, 2016
Transfers of Financial Assets
Transfers of Financial Assets	5. Transfers of Financial Assets The Company’s transfers of financial assets with continuing interest as of September 30, 2016 and December 31, 2015 included pledges of collateral to secure public deposits and repurchase agreements, FHLB and FRB borrowing capacity, automated clearing house (“ACH”) transactions and interest rate swaps. For repurchase agreements and public deposits, the Company enters into trilateral agreements with the entity and safekeeper to pledge investment securities as collateral in the event of default. For transfers of assets with the FHLB and the FRB, the Company enters into bilateral agreements to pledge loans and investment securities as collateral to secure borrowing capacity. For ACH transactions, the Company enters into bilateral agreements to collateralize possible daylight overdrafts. For interest rate swaps, the Company enters into bilateral agreements to pledge collateral when either party is in a negative market position to mitigate counterparty credit risk. No counterparties have the right to re-pledge the collateral. The carrying amounts of the assets pledged as collateral as of September 30, 2016 and December 31, 2015 were: (dollars in thousands) September 30, 2016 December 31, 2015 Public deposits $ $ Federal Home Loan Bank Federal Reserve Bank Repurchase agreements ACH transactions Interest rate swaps Total $ $ As the Company did not enter into reverse repurchase agreements, no collateral was accepted as of September 30, 2016 and December 31, 2015. In addition, no debt was extinguished by in-substance defeasance. A disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged as of September 30, 2016 and December 31, 2015 was as follows: September 30, 2016 Remaining Contractual Maturity of the Agreements Up to Greater than (dollars in thousands) 30 days 31-90 days 90 days Total Collateralized mortgage obligations: Government agency $ — $ — $ $ Government-sponsored enterprises — — Gross amount of recognized liabilities for repurchase agreements in Note 7 $ — $ — $ $ December 31, 2015 Remaining Contractual Maturity of the Agreements Up to Greater than (dollars in thousands) 30 days 31-90 days 90 days Total Non-government asset-backed securities $ $ $ — $ Collateralized mortgage obligations: Government agency — Government-sponsored enterprises Gross amount of recognized liabilities for repurchase agreements in Note 7 $ $ $ $

Deposits

Deposits	9 Months Ended
	Sep. 30, 2016
Deposits
Deposits	6. Deposits As of September 30, 2016 and December 31, 2015, deposits were categorized as interest-bearing or noninterest-bearing as follows: (dollars in thousands) September 30, 2016 December 31, 2015 U.S.: Interest-bearing $ $ Noninterest-bearing Foreign: Interest-bearing Noninterest-bearing Total deposits $ $ The following table presents the maturity distribution of time certificates of deposits as of September 30, 2016: Under $250,000 (dollars in thousands) $250,000 or More Total Three months or less $ $ $ Over three through six months Over six through twelve months One to two years Two to three years Three to four years Four to five years Thereafter — Total $ $ $ Time certificates of deposit in denominations of $250,000 or more, in the aggregate, were $2.8 billion and $2.6 billion as of September 30, 2016 and December 31, 2015, respectively. Overdrawn deposit accounts are classified as loans and totaled $2.2 million and $3.0 million at September 30, 2016 and December 31, 2015, respectively.

Short-Term Borrowings

Short-Term Borrowings	9 Months Ended
	Sep. 30, 2016
Short-Term Borrowings
Short-Term Borrowings	7. Short-Term Borrowings At September 30, 2016 and December 31, 2015, short-term borrowings were comprised of the following: (dollars in thousands) September 30, 2016 December 31, 2015 Federal funds purchased $ — $ — Securities sold under agreements to repurchase Total short-term borrowings $ $ The table below provides selected information for short-term borrowings for the nine months ended September 30, 2016 and 2015: (dollars in thousands) September 30, 2016 September 30, 2015 Federal funds purchased: Weighted-average interest rate at September 30, — % — % Highest month-end balance $ — $ Average outstanding balance $ $ Weighted-average interest rate paid % % Securities sold under agreements to repurchase: Weighted-average interest rate at September 30, % % Highest month-end balance $ $ Average outstanding balance $ $ Weighted-average interest rate paid % % The Company treats securities sold under agreements to repurchase as collateralized financings. The Company reflects the obligations to repurchase the identical securities sold as liabilities, with the dollar amount of securities underlying the agreements remaining in the asset accounts. Generally, for these types of agreements, there is a requirement that collateral be maintained with a market value equal to or in excess of the principal amount borrowed. As such, the collateral pledged may be increased or decreased over time to meet contractual obligations. The securities underlying the agreements to repurchase are held in collateral accounts with a third-party custodian. At September 30, 2016, the weighted-average remaining maturity of these agreements was 441 days, with maturities as follows: Amount (dollars in thousands) Maturing Less than 30 days $ — 30 through 90 days — Over 90 days Total $ At September 30, 2016, the Company had $618.9 million, $1.6 billion, and $687.8 million in lines of credit available from other U.S. financial institutions, the FHLB, and the FRB, respectively. None of the lines available were drawn upon as of September 30, 2016.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)	8. Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (loss) is defined as the change in stockholders’ equity from all transactions other than those with stockholders, and is comprised of net income and other comprehensive income (loss). The Company’s significant items of accumulated other comprehensive income (loss) are pension and other benefits, net unrealized gains or losses on investment securities and net unrealized gains or losses on cash flow derivative hedges. Changes in accumulated other comprehensive income (loss) for the three and nine months ended September 30, 2016 and 2015 are presented below: Income Tax Three Months Ended September 30, 2016 Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at June 30, 2016 $ $ $ Investment securities: Unrealized net losses arising during the period Reclassification of net gains to net income: Investment securities gains, net Net change in unrealized losses on investment securities Cash flow derivative hedges: Unrealized net gains on cash flow derivative hedges arising during the period Net change in unrealized gains on cash flow derivative hedges Other comprehensive loss Accumulated other comprehensive loss at September 30, 2016 $ $ $ Income Tax Nine Months Ended September 30, 2016 Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at December 31, 2015 $ $ $ Pension and other benefits: Change due to the Reorganization Transactions Net change in pension and other benefits Investment securities: Unrealized net gains arising during the period Reclassification of net gains to net income: Investment securities gains, net Net change in unrealized gains on investment securities Cash flow derivative hedges: Unrealized net gains on cash flow derivative hedges arising during the period Net change in unrealized gains on cash flow derivative hedges Other comprehensive income Accumulated other comprehensive loss at September 30, 2016 $ $ $ Income Tax Three Months Ended September 30, 2015 Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at June 30, 2015 $ $ $ Investment securities: Unrealized net gains arising during the period Reclassification of net gains to net income: Investment securities gains, net Net change in unrealized gains on investment securities Cash flow derivative hedges: Unrealized net losses on cash flow derivative hedges arising during the period Net change in unrealized losses on cash flow derivative hedges Other comprehensive income Accumulated other comprehensive loss at September 30, 2015 $ $ $ Income Tax Nine Months Ended September 30, 2015 Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at December 31, 2014 $ $ $ Investment securities: Unrealized net gains arising during the period Reclassification of net gains to net income: Investment securities gains, net Net change in unrealized gains on investment securities Cash flow derivative hedges: Unrealized net losses on cash flow derivative hedges arising during the period Reclassification of net gains to net income: Other noninterest expense Net change in unrealized losses on cash flow derivative hedges Other comprehensive income Accumulated other comprehensive loss at September 30, 2015 $ $ $ The following table summarizes changes in accumulated other comprehensive loss, net of tax, for the periods indicated: Unrealized Total Pensions Unrealized Gains Accumulated and Gains (Losses) (Losses) on Other Other on Investment Cash Flow Comprehensive (dollars in thousands) Benefits Securities Derivative Hedges Loss Three Months Ended September 30, 2016 Balance at beginning of period $ $ $ $ Other comprehensive income (loss) — Balance at end of period $ $ $ $ Nine Months Ended September 30, 2016 Balance at beginning of period $ $ $ $ Other comprehensive income (loss) Balance at end of period $ $ $ $ Three Months Ended September 30, 2015 Balance at beginning of period $ $ $ $ Other comprehensive income (loss) — Balance at end of period $ $ $ $ Nine Months Ended September 30, 2015 Balance at beginning of period $ $ $ $ Other comprehensive income (loss) — Balance at end of period $ $ $ $

Regulatory Capital Requirements

Regulatory Capital Requirements	9 Months Ended
	Sep. 30, 2016
Regulatory Capital Requirements
Regulatory Capital Requirements	9. Regulatory Capital Requirements The Company and the Bank are subject to various regulatory capital requirements imposed by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s and the Bank’s operating activities and financial condition. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of its assets and certain off-balance-sheet items. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum amounts and ratios of Common Equity Tier 1 (“CET1”), Tier 1 and total capital to risk-weighted assets, as well as a minimum leverage ratio. The table below sets forth those ratios at September 30, 2016 and December 31, 2015: First Hawaiian, First Hawaiian Minimum Well- Inc. Bank Capital Capitalized (dollars in thousands) Amount Ratio Amount Ratio Ratio (1) Ratio (1) September 30, 2016: Common equity tier 1 capital to risk-weighted assets $ % $ % % % Tier 1 capital to risk-weighted assets % % % % Total capital to risk-weighted assets % % % % Tier 1 capital to average assets (leverage ratio) % % % % December 31, 2015: Common equity tier 1 capital to risk-weighted assets $ % $ % % % Tier 1 capital to risk-weighted assets % % % % Total capital to risk-weighted assets % % % % Tier 1 capital to average assets (leverage ratio) % % % % (1) As defined by the regulations issued by the Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation (“FDIC”). A new capital conservation buffer, comprised of common equity Tier 1 capital, was established above the regulatory minimum capital requirements. This capital conservation buffer was phased in beginning January 1, 2016 at 0.625% of risk-weighted assets and will increase each subsequent year by an additional 0.625% until reaching its final level of 2.5% on January 1, 2019. As of September 30, 2016, under the bank regulatory capital guidelines, the Company and Bank were both classified as well-capitalized.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2016
Income Taxes
Income Taxes	10. Income Taxes The effective tax rate was 38.43% and 37.71% for the three months ended September 30, 2016 and 2015, respectively. The effective tax rate was 37.54% and 37.71% for the nine months ended September 30, 2016 and 2015, respectively. The Company is subject to examination by the Internal Revenue Service (“IRS”) and tax authorities in states in which the Company has significant business operations. The tax years under examination and open for examination vary by jurisdiction. There are currently no federal examinations under way; however, refund claims and tax returns for certain years are being reviewed by state jurisdictions. No material unanticipated adjustments were made by the IRS in the years most recently examined and the Company does not expect significant audit developments in the next 12 months. The Company’s income tax returns for 2013 and subsequent tax years generally remain subject to examination by U.S. federal and state taxing authorities, and 2013 and subsequent years are subject to examination by foreign jurisdictions. A reconciliation of the amount of unrecognized tax benefits is as follows for the nine months ended September 30, 2016 and 2015: Nine Months Ended September 30, 2016 2015 Interest Interest and and (dollars in thousands) Tax Penalties Total Tax Penalties Total Balance at January 1, $ $ $ $ $ $ Additions for current year tax positions — Additions for Reorganization Transactions — — — Additions for prior years' tax positions: Accrual of interest and penalties — — Other — — — — Reductions for prior years' tax positions: Expiration of statute of limitations Other — Balance at September 30, $ $ $ $ $ $ Included in the balance of unrecognized tax benefits for the nine months ended September 30, 2016 and 2015, was $10.9 million and $6.6 million, respectively, of unrecognized tax benefits that, if recognized, would impact the effective tax rate. In connection with the Reorganization Transactions discussed below, the Company recorded unrecognized tax benefits and interest and penalties of $115.9 million and $5.5 million, respectively. Included in the balance of the unrecognized tax benefits as of September 30, 2016, was $93.9 million attributable to tax refund claims with respect to tax years 2005 through 2012 in the State of California. Such refund claims were filed by the Company in 2015, on behalf of the Company and its affiliates, including BOW, concerning the determination of taxes for which no benefit is currently recognized. It is reasonably possible that the amount of unrecognized tax benefits could decrease within the next 12 months by as much as $106.4 million of taxes and $5.1 million of accrued interest and penalties as a result of settlements and the expiration of the statute of limitations in various states. The Company recognizes interest and penalties attributable to both unrecognized tax benefits and undisputed tax adjustments in the provision for income taxes. For the nine months ended September 30, 2016 and 2015, the Company recorded $0.2 million and nil, respectively, of net expense attributable to interest and penalties. The Company had a liability of $11.6 million and $5.0 million as of September 30, 2016 and December 31, 2015, respectively, accrued for interest and penalties, of which $9.4 million and $2.9 million as of September 30, 2016 and December 31, 2015, respectively, were attributable to uncertain tax positions and the remainder was attributable to tax adjustments which are not expected to be in dispute. Prior to the Reorganization Transactions, the Company filed consolidated U.S. Federal and combined state tax returns that incorporated the tax receivables and unrecognized tax benefits of FHB and BOW. The consummation of the Reorganization Transactions did not relieve the Company of the pre-Reorganization Transactions tax receivables and unrecognized tax benefits recognized by BOW that were included in the Company's consolidated and combined tax returns. As a result, on April 1, 2016, the Company recorded $72.8 million related to current tax receivables, $116.6 million related to unrecognized tax positions, and an indemnification payable of $28.6 million. Additionally, in connection with the Reorganization Transactions, the Company has incurred certain tax-related liabilities related to the distribution of its interest in BWHI amounting to $95.4 million. The amount necessary to pay the distribution taxes (net of the expected federal tax benefit of $33.4 million) was paid by BNPP to the Company on April 1, 2016. The Company expects that any future refunds or adjustments to such taxes will be reimbursed to, or funded by, BWHI or its affiliates pursuant to a tax sharing agreement entered into on April 1, 2016 and pursuant to certain tax allocation agreements entered into among the parties. Accordingly, the assumption of the pre-Reorganization Transactions tax receivables, unrecognized tax benefits and distribution tax liabilities and the offsetting indemnification receivables or payables were reflected as equity contributions and distributions on April 1, 2016. If there are any future adjustments to the indemnified tax receivables or unrecognized tax benefits, an offsetting adjustment to the indemnification receivables or payables will be recorded to the provision for income taxes and other noninterest income or expense. Effective July 1, 2016, the Company entered into a new tax allocation agreement with its affiliates that generally supersedes the prior tax allocation agreements. The execution of such agreement did not have a material impact to the consolidated financial statements.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Sep. 30, 2016
Derivative Financial Instruments
Derivative Financial Instruments	11. Derivative Financial Instruments The Company enters into derivative contracts primarily to manage its interest rate risk, as well as for customer accommodation purposes. Derivatives used for risk management purposes consist of interest rate swaps that are designated as either a fair value hedge or a cash flow hedge. The derivatives are recognized on the unaudited consolidated balance sheets as either assets or liabilities at fair value. Derivatives entered into for customer accommodation purposes consist of interest rate lock commitments, various free-standing interest rate derivative products and foreign exchange contracts. The Company is party to master netting arrangements with its financial institution counterparties; however, the Company does not offset assets and liabilities under these arrangements for financial statement presentation purposes. The following table summarizes notional amounts and fair values of derivatives held by the Company as of September 30, 2016 and December 31, 2015: September 30, 2016 December 31, 2015 Fair Value Fair Value Notional Asset Liability Notional Asset Liability (dollars in thousands) Amount Derivatives (1) Derivatives (2) Amount Derivatives (1) Derivatives (2) Derivatives designated as hedging instruments: Interest rate swaps $ $ — $ $ $ — $ Derivatives not designated as hedging instruments: Interest rate swaps Funding swap — — — — Foreign exchange contracts — — (1) The positive fair value of derivative assets are included in other assets. (2) The negative fair value of derivative liabilities are included in other liabilities. As of September 30, 2016, the Company pledged $15.0 million in financial instruments and $49.3 million in cash as collateral for interest rate swaps. As of December 31, 2015, the Company pledged $13.8 million in financial instruments and $15.6 million in cash as collateral for interest rate swaps. Fair Value Hedges To protect the Company’s net interest margin, interest rate swaps are utilized to hedge certain fixed-rate loans. These swaps have maturity, amortization and prepayment features that correspond to the loans hedged, and are designated and qualify as fair value hedges. Any gain or loss on the swaps, as well as the offsetting loss or gain on the hedged item attributable to the hedged risk, is recognized in current period earnings. At September 30, 2016, the Company carried interest rate swaps with notional amounts totaling $52.4 million with a positive fair value of nil and fair value losses of $3.5 million that were categorized as fair value hedges for commercial and industrial loans and commercial real estate loans. The Company received 6-month London Interbank Offered Rate (“LIBOR”) and paid fixed rates ranging from 2.59% to 5.70%. The swaps mature between 2017 and 2023. At December 31, 2015, the Company carried interest rate swaps with notional amounts totaling $82.9 million with a positive fair value of nil and fair value losses of $2.4 million that were categorized as fair value hedges for commercial and industrial loans and commercial real estate loans. The following table shows the net gains and losses recognized in income related to derivatives in fair value hedging relationships for the three and nine months ended September 30, 2016 and 2015: Three Months Ended Nine Months Ended (dollars in thousands) 2016 2015 2016 2015 Losses recorded in net interest income $ $ $ $ (Losses) gains recorded in noninterest income: Recognized on derivatives Recognized on hedged item Net (losses) gains recognized on fair value hedges (ineffective portion) Net losses recognized on fair value hedges $ $ $ $ Cash Flow Hedges The Company utilizes short-term fixed-rate liability swaps to reduce exposure to interest rates associated with short-term fixed-rate liabilities. The Company enters into interest rate swaps paying fixed rates and receiving LIBOR. The LIBOR index will correspond to the short-term fixed-rate nature of the liabilities being hedged. If interest rates rise, the increase in interest received on the swaps will offset increases in interest costs associated with these liabilities. By hedging with interest rate swaps, the Company minimizes the adverse impact on interest expense associated with increasing rates on short-term liabilities. The liability swaps are designated and qualify as cash flow hedges. The effective portion of the gain or loss on the liability swaps is reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. There were no recognized expenses related to the ineffective portion of the change in fair value of derivatives designated as a hedge for both the three and nine months ended September 30, 2016 and 2015. As of September 30, 2016 and December 31, 2015, the Company carried two interest rate swaps with notional amounts totaling $150.0 million, with fair value losses of $5.6 million as of September 30, 2016 and $6.6 million as of December 31, 2015, in order to reduce exposure to interest rate increases associated with short-term fixed-rate liabilities. The swaps mature in 2018. The Company received 6-month LIBOR and paid fixed rates ranging from 2.98% to 3.03%. The liability swaps resulted in net interest expense of $0.8 million and $1.0 million during the three months ended September 30, 2016, and 2015 respectively, and net interest expense of $2.5 million and $3.0 million during the nine months ended September 30, 2016 and 2015, respectively. The following table summarizes the effect of cash flow hedging relationships for the three and nine months ended September 30, 2016 and 2015: Three Months Ended Nine Months Ended (dollars in thousands) 2016 2015 2016 2015 Pretax gains (losses) recognized in other comprehensive loss on derivatives (effective portion) $ $ $ $ Pretax gain reclassified from accumulated other comprehensive income $ — $ — $ — $ Free-Standing Derivative Instruments Free-standing derivative instruments include derivative transactions entered into for risk management purposes that do not otherwise qualify for hedge accounting. Interest rate lock commitments issued on residential mortgage loans intended to be held for sale are considered free-standing derivative instruments. Such commitments are stratified by rates and terms and are valued based on market quotes for similar loans. Adjustments, including discounting the historical fallout rate, are then applied to the estimated fair value. The value of the underlying loan is affected primarily by changes in interest rates and the passage of time. However, changes in investor demand, such as concerns about credit risk, can also cause changes in the spread relationships between underlying loan value and the derivative financial instruments that cannot be hedged. Trading activities primarily involve providing various free-standing interest rate and foreign exchange derivative products to customers. For the derivatives that are not designated as hedges, changes in fair value are reported in current period earnings. The following table summarizes the impact on pretax earnings of derivatives not designated as hedges, as reported on the Consolidated Statements of Income for the three and nine months ended September 30, 2016 and 2015: Net Gains (Losses) Recognized Three Months Ended Nine Months Ended in the Consolidated Statements September 30, September 30, (dollars in thousands) of Income Line Item 2016 2015 2016 2015 Derivatives Not Designated As Hedging Instruments: Interest rate swaps Other noninterest income $ $ $ $ Funding swaps Other noninterest income $ $ — $ $ — Foreign exchange contracts Other noninterest income $ $ $ $ As of September 30, 2016, the Company carried multiple interest rate swaps with notional amounts totaling $1.1 billion, including $1.0 billion related to the Company’s customer swap program, with fair value gains of $32.4 million and fair value losses of $35.6 million. The Company received 1-month and 3-month LIBOR and paid fixed rates ranging from 0.53% to 4.90%. The swaps mature between 2018 and 2035. As of December 31, 2015, the Company carried multiple interest rate swaps with notional amounts totaling $682.6 million, including $652.6 million related to the Company’s customer swap program, with fair value gains of $10.9 million and fair value losses of $14.1 million. The Company received 1-month and 3-month LIBOR and paid fixed rates ranging from 1.34% to 4.90%. The swaps mature between 2018 and 2035. These swaps resulted in net interest expense of $0.3 million for both the three months ended September 30, 2016 and 2015, and net interest expense of $0.8 million and $0.9 million for the nine months ended September 30, 2016 and 2015, respectively. The Company’s customer swap program is designed by offering customers a variable-rate loan that is swapped to fixed-rate through an interest-rate swap. The Company simultaneously executes an offsetting interest-rate swap with a swap dealer. Upfront fees on the dealer swap are recorded to income in the current period, and totaled $0.7 million and $0.6 million for the three months ended September 30, 2016 and 2015, respectively, and $4.3 million and $2.7 million for the nine months ended September 30, 2016 and 2015, respectively. Interest rate swaps related to the program had equal and offsetting asset and liability fair values of $32.4 million as of September 30, 2016 and $10.9 million as of December 31, 2015. In conjunction with the sale of Class B shares of common stock issued by Visa, the Company entered into an agreement with the buyer that requires payment to the buyer in the event Visa reduces each member bank’s Class B conversion ratio to unrestricted Class A common shares. A derivative liability (“Visa derivative”) of $7.9 million was included in the unaudited consolidated balance sheet at September 30, 2016 to provide for the fair value of this liability. Under the terms of the agreement, the Company will make monthly payments based on Visa’s Class A stock price and the number of Visa Class B restricted shares that were sold until the date on which the covered litigation is settled. There were no previous sales of these shares and the Company did not have a similar liability at December 31, 2015. See “Note 16. Fair Value” for more information. Contingent Features All of the Company’s interest rate swap agreements have credit risk related contingent features. The Company’s interest rate swap agreements include bilateral collateral agreements with collateral thresholds up to $0.5 million. For each counterparty, the Company reviews the interest rate swap collateral daily. Collateral for customer interest rate swap agreements, calculated as pledged property less loans, requires valuation of the property pledged. Counterparty Credit Risk By using derivatives, the Company is exposed to counterparty credit risk if counterparties to the derivative contracts do not perform as expected. If a counterparty fails to perform, the Company’s counterparty credit risk is equal to the amount reported as a derivative asset, net of cash or other collateral received, and net of derivatives in a loss position with the same counterparty to the extent master netting arrangements exist. The Company minimizes counterparty credit risk through credit approvals, limits, monitoring procedures, executing master netting arrangements and obtaining collateral, where appropriate. Counterparty credit risk related to derivatives is considered in determining fair value. Counterparty credit risk adjustments of $0.1 million and nil were recognized for the three months ended September 30, 2016 and 2015, respectively. Counterparty credit risk adjustment of $0.2 million was recognized for both the nine months ended September 30, 2016 and 2015, respectively.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2016
Commitments and Contingent Liabilities
Commitments and Contingent Liabilities	12. Commitments and Contingent Liabilities Contingencies Various legal proceedings are pending or threatened against the Company. After consultation with legal counsel, management does not expect that the aggregate liability, if any, resulting from these proceedings would have a material effect on the Company’s consolidated financial position, results of operations or cash flows. Financial Instruments with Off-Balance Sheet Risk The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit and standby and commercial letters of credit which are not reflected in the unaudited consolidated financial statements. Unfunded Commitments to Extend Credit A commitment to extend credit is a legally binding agreement to lend funds to a customer, usually at a stated interest rate and for a specified purpose. Commitments are reported net of participations sold to other institutions. Such commitments have fixed expiration dates and generally require a fee. The extension of a commitment gives rise to credit risk. The actual liquidity requirements or credit risk that the Company will experience is expected to be lower than the contractual amount of commitments to extend credit because a significant portion of those commitments are expected to expire without being drawn upon. Certain commitments are subject to loan agreements containing covenants regarding the financial performance of the customer that must be met before the Company is required to fund the commitment. The Company uses the same credit policies in making commitments to extend credit as it does in making loans. In addition, the Company manages the potential credit risk in commitments to extend credit by limiting the total amount of arrangements, both by individual customer and in the aggregate, by monitoring the size and expiration structure of these portfolios and by applying the same credit standards maintained for all of its related credit activities. Commitments to extend credit are reported net of participations sold to other institutions of $75.5 million and $72.7 million at September 30, 2016 and December 31, 2015, respectively. Standby and Commercial Letters of Credit Standby letters of credit are issued on behalf of customers in connection with contracts between the customers and third parties. Under standby letters of credit, the Company assures that the third parties will receive specified funds if customers fail to meet their contractual obligations. The credit risk to the Company arises from its obligation to make payment in the event of a customer’s contractual default. Standby letters of credit are reported net of participations sold to other institutions of $19.0 million and $18.0 million at September 30, 2016 and December 31, 2015, respectively. The Company also had commitments for commercial and similar letters of credit. Commercial letters of credit are issued specifically to facilitate commerce whereby the commitment is typically drawn upon when the underlying transaction between the customer and a third party is consummated. The maximum amount of potential future payments guaranteed by the Company is limited to the contractual amount of these letters. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Collateral held supports those commitments for which collateral is deemed necessary. The commitments outstanding as of September 30, 2016 have maturities ranging from October 2016 to March 2018. Substantially all fees received from the issuance of such commitments are deferred and amortized on a straight-line basis over the term of the commitment. Financial instruments with off-balance sheet risk at September 30, 2016 and December 31, 2015, respectively, were as follows: September 30, December 31, (dollars in thousands) 2016 2015 Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ $ Standby letters of credit Commercial letters of credit Guarantees The Company sells residential mortgage loans in the secondary market primarily to The Federal National Mortgage Association (“FNMA” or “Fannie Mae”) and The Federal Home Loan Mortgage Corporation (“FHLMC” or “Freddie Mac”) that may potentially require repurchase under certain conditions. This risk is managed through the Company’s underwriting practices. The Company services loans sold to investors and loans originated by other originators under agreements that may include repurchase remedies if certain servicing requirements are not met. This risk is managed through the Company’s quality assurance and monitoring procedures. Management does not anticipate any material losses as a result of these transactions. Foreign Exchange Contracts The Company has forward foreign exchange contracts that represent commitments to purchase or sell foreign currencies at a future date at a specified price. The Company’s utilization of forward foreign exchange contracts is subject to the primary underlying risk of movements in foreign currency exchange rates and to additional counterparty risk should its counterparties fail to meet the terms of their contracts. Forward foreign exchange contracts are utilized to mitigate the Company’s risk to satisfy customer demand for foreign currencies and are not used for trading purposes. See “Note 11. Derivative Financial Instruments” for more information. Reorganization Transactions In connection with the Reorganization Transactions as discussed in Note 1, FHI (formerly BancWest) distributed BWHI (including BOW) to BNPP so that BWHI was held directly by BNPP (BWHI is now held indirectly by BNPP through its intermediate holding company). As a result of the Reorganization Transactions that occurred on April 1, 2016, various tax or other contingent liabilities could arise related to the business of BOW, or related to the Company’s operations prior to the restructuring when it was known as BancWest, including its then-wholly-owned subsidiary, BOW. The Company is not able to determine the ultimate outcome or estimate the amounts of these contingent liabilities, if any, at this time.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2016
Earnings per Share
Earnings per Share	13. Earnings per Share The Company made no adjustments to net income for the purposes of computing earnings per share and there were no antidilutive securities. For the three and nine months ended September 30, 2016, basic and diluted earnings per share were computed using the number of shares of common stock outstanding immediately following the Reorganization Transactions on April 1, 2016, as if such shares were outstanding for the entire period prior to the Reorganization Transactions, plus the weighted average number of such shares outstanding following the Reorganization Transactions through September 30, 2016. For the three and nine months ended September 30, 2015, basic and diluted earnings per share were computed using the number of shares of common stock outstanding immediately following the Reorganization Transactions, as if the Company had operated as a stand-alone entity for all periods presented. The computation of basic and diluted earnings per share were as follows for the three and nine months ended September 30, 2016 and 2015: Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands, except shares and per share amounts) 2016 2015 2016 2015 Numerator: Net income $ $ $ $ Denominator: Basic: weighted-average shares outstanding Add: weighted-average equity-based awards — — Diluted: weighted-average shares outstanding Basic earnings per share $ $ $ $ Diluted earnings per share $ $ $ $

Benefit Plans

Benefit Plans	9 Months Ended
	Sep. 30, 2016
Benefit Plans
Benefit Plans	14. Benefit Plans The following table sets forth the components of net periodic benefit cost for the three and nine months ended September 30, 2016 and 2015, recorded as a component of salaries and employee benefits in the consolidated statements of income: Pension Benefits Other Benefits (dollars in thousands) 2016 2015 2016 2015 Three Months Ended September 30, Service cost $ $ $ $ Interest cost Expected return on plan assets — — Prior service credit — — Recognized net actuarial loss — Total net periodic benefit cost $ $ $ $ Nine Months Ended September 30, Service cost $ $ $ $ Interest cost Expected return on plan assets — — Prior service credit — — Recognized net actuarial loss — Total net periodic benefit cost $ $ $ $

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2016
Stock-Based Compensation
Stock-Based Compensation	15. Stock-Based Compensation The Company has several stock-based compensation plans which allow for grants of restricted stock, performance share units and restricted stock units to its employees and non-employee directors. The Company’s stock-based compensation plans are administered by the Compensation Committee of the Board of Directors. For the three and nine months ended September 30, 2016, stock-based compensation expense was $2.1 million and the related income tax benefit was $0.7 million. Restricted Stock Restricted stock provides grantees with rights to shares of common stock upon completion of a service period. During the restriction period, all shares are considered outstanding and dividends are paid on the restricted stock. Restricted stock and dividends may be forfeited if an employee terminates prior to vesting. The fair value of restricted stock is determined based on the closing price of FHI’s common stock on the date of grant. The Company recognizes compensation expense related to restricted stock on a straight-line basis over the vesting period for service-based awards. The following presents the Company’s restricted stock activity for the nine months ended September 30, 2016: Weighted Number Average Grant of Shares Date Fair Value Unvested as of December 31, 2015 - $ - Granted Vested Forfeited - - Unvested as of September 30, 2016 - $ - For the three and nine months ended September 30, 2016, the Company granted 77,037 shares of restricted stock with a weighted-average grant date fair value of $24.41 to key employees. These shares were fully vested on the grant date. The total fair value of restricted stock that vested for the three and nine months ended September 30, 2016 was $1.9 million. However, there are transfer restrictions on these shares with restrictions for 50% of the restricted stock lapsing six months following the vesting date and the restrictions for the remaining 50% of the restricted stock lapsing 18 months following the vesting date. Performance Share Units Performance share units (“PSU”) are an award of units in which the recipient’s rights in the units are contingent on the achievement of pre-established performance goals. At the end of the performance period, the Company will determine if the performance goals originally outlined when the PSUs were granted have been achieved. If these goals are met or exceeded, the Company will issue one share of FHI common stock for each vested PSU. Upon vesting and delivery of the common stock, the Company will also pay to each grantee a cash amount equal to the product of all cash dividends paid on a share of common stock from the grant date to such delivery date and the number of common stock delivered to the grantee on such delivery date. Employees must be continuously employed by the Company from the grant date through the applicable vesting date with any unvested PSUs being forfeited upon termination of employment. The fair value of PSUs is valued based on the closing price of FHI’s common stock on the date of grant and is amortized on a straight-line basis over the vesting period. The following presents the Company’s PSU activity for the nine months ended September 30, 2016: Weighted Number Average Grant of Shares Date Fair Value Unvested as of December 31, 2015 - $ - Granted Vested - - Forfeited - - Unvested as of September 30, 2016 $ For the three and nine months ended September 30, 2016, the Company granted 115,566 PSUs to key employees with a weighted-average grant date fair value of $24.41. One-third of the PSUs will vest on each of the first, second and third anniversaries of the IPO date. However, transfer restrictions will remain on these shares for six months following the vesting date. The performance condition related to these PSUs is based on the Company’s profitability in the fiscal years immediately preceding the vesting dates. The Company’s stock-based compensation expense related to PSUs was $0.1 million for the three and nine months ended September 30, 2016. As of September 30, 2016, the unrecognized compensation expense related to unvested PSUs was $2.7 million. The unrecognized compensation expense is expected to be recognized over a weighted average vesting period of 2.83 years. As of September 30, 2016, total shares authorized under the plan from which the restricted stock and PSUs were issued were 5.6 million shares, of which 5.4 million shares were available for future grants. Restricted Stock Units Restricted stock units (“RSU”) are an award of units that correspond in number and value to a specified number of shares of FHI’s common stock that are subject to vesting requirements and transferability restrictions. RSUs do not represent actual ownership of common stock. Upon vesting, the Company will issue one share of FHI common stock for each vested RSU. Upon delivery of the common stock, the Company will also pay to each grantee a cash amount equal to the product of all cash dividends paid on a share of common stock from the grant date to such delivery date and the number of common stock delivered to the grantee on such delivery date. The fair value of RSUs is valued based on the closing price of FHI’s common stock on the date of grant and is amortized on a straight-line basis over the vesting period. The following presents the Company’s RSU activity for the nine months ended September 30, 2016: Weighted Number Average Grant of Shares Date Fair Value Unvested as of December 31, 2015 - $ - Granted Vested - - Forfeited - - Unvested as of September 30, 2016 $ For the three and nine months ended September 30, 2016, the Company granted 5,379 RSUs to non-employee directors with a weighted-average grant date fair value of $24.41. The RSUs will vest in one year from the date of grant. The grantee must continuously serve as a non-employee director from the grant date through the vesting date with any unvested RSUs being forfeited upon termination of the grantee’s service as a non-employee director. The Company’s share-based compensation expense related to these RSUs was not material for the three and nine months ended September 30, 2016. As of September 30, 2016, the unrecognized compensation expense related to unvested RSUs was $0.1 million. The unrecognized compensation expense is expected to be recognized over a weighted average vesting period of 0.83 years. As of September 30, 2016, total shares authorized under the 2016 Non-Employee Director Plan were 75,000 shares, of which 69,621 shares were available for future grants. Employee Stock Purchase Plan (“ESPP”) The Company also introduced an employee stock purchase plan (“ESPP”) which permits employees to periodically purchase Company stock on a payroll deduction basis, effective October 1, 2016. The first such offering period of the Company’s ESPP is from October 1, 2016 through December 31, 2016. Participant purchases through the ESPP will receive a discount of 5% from the closing price of FHI’s common stock on the exercise date. Participants are required to adhere to a two year holding period with regards to shares purchased through the ESPP. The ESPP has been determined to be non-compensatory in nature. As a result, the Company expects that there will be no material expenses related to the ESPP. As of September 30, 2016, total shares authorized under the Company’s ESPP were 600,000 shares.

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2016
Fair Value
Fair Value	16. Fair Value The Company determines the fair values of its financial instruments based on the requirements established in Accounting Standards Codification (“ASC”) 820, Fair Value Measurements , which provides a framework for measuring fair value under GAAP and requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 defines fair value as the exit price, the price that would be received for an asset or paid to transfer a liability, in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date under current market conditions. Fair Value Hierarchy ASC 820 establishes three levels of fair values based on the markets in which the assets or liabilities are traded and the reliability of the assumptions used to determine fair value. The levels are: § Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. § Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. § Level 3: Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability (“Company-level data”). Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. ASC 820 requires that the Company disclose estimated fair values for certain financial instruments. Financial instruments include such items as investment securities, loans, deposits, interest rate and foreign exchange contracts, swaps and other instruments as defined by the standard. The Company has an organized and established process for determining and reviewing the fair value of financial instruments reported in the Company’s financial statements. The fair value measurements are reviewed to ensure they are reasonable and in line with market experience in similar asset and liability classes. Additionally, the Company may be required to record at fair value other assets on a nonrecurring basis, such as other real estate owned, other customer relationships, and other intangible assets. These nonrecurring fair value adjustments typically involve the application of lower-of-cost-or-fair-value accounting or write-downs of individual assets. Disclosure of fair values is not required for certain items such as lease financing, obligations for pension and other postretirement benefits, premises and equipment, prepaid expenses, and income tax assets and liabilities. Reasonable comparisons of fair value information with that of other financial institutions cannot necessarily be made because the standard permits many alternative calculation techniques, and numerous assumptions have been used to estimate the Company’s fair values. Valuation Techniques Used in the Fair Value Measurement of Assets and Liabilities Carried at Fair Value For the assets and liabilities measured at fair value on a recurring basis (categorized in the valuation hierarchy table below), the Company applies the following valuation techniques: Available-for-sale securities Available-for-sale debt securities are recorded at fair value on a recurring basis. Fair value measurement is based on quoted prices, including estimates by third-party pricing services, if available. If quoted prices are not available, fair values are measured using proprietary valuation models that utilize market observable parameters from active market makers and inter-dealer brokers whereby securities are valued based upon available market data for securities with similar characteristics. Management reviews the pricing information received from the Company’s third-party pricing service to evaluate the inputs and valuation methodologies used to place securities into the appropriate level of the fair value hierarchy and transfers of securities within the fair value hierarchy are made if necessary. On a monthly basis, management reviews the pricing information received from the third-party pricing service which includes a comparison to non-binding third-party broker quotes, as well as a review of market-related conditions impacting the information provided by the third-party pricing service. Management also identifies investment securities which may have traded in illiquid or inactive markets by identifying instances of a significant decrease in the volume or frequency of trades, relative to historical levels, as well as instances of a significant widening of the bid-ask spread in the brokered markets. As of September 30, 2016 and December 31, 2015, management did not make adjustments to prices provided by the third-party pricing services as a result of illiquid or inactive markets. The Company’s third-party pricing service has also established processes for the Company to submit inquiries regarding quoted prices. Periodically, the Company will challenge the quoted prices provided by the third-party pricing service. The Company’s third-party pricing service will review the inputs to the evaluation in light of the new market data presented by the Company. The Company’s third-party pricing service may then affirm the original quoted price or may update the evaluation on a going forward basis. The Company classifies all available-for-sale securities as Level 2. Derivatives Most of the Company’s derivatives are traded in over-the-counter markets where quoted market prices are not readily available. For those derivatives, the Company measures fair value on a recurring basis using proprietary valuation models that primarily use market observable inputs, such as yield curves, and option volatilities. The fair value of derivatives includes values associated with counterparty credit risk and the Company’s own credit standing. The Company classifies these derivatives, included in other assets and other liabilities, as Level 2. Concurrent with the sale of the Visa Class B restricted shares, the Company entered into an agreement with the buyer that requires payment to the buyer in the event Visa reduces each member bank’s Class B conversion ratio to unrestricted Class A common shares. The Visa derivative of $7.9 million was included in the unaudited consolidated balance sheet at September 30, 2016 to provide for the fair value of this liability. The potential liability related to the conversion rate swap agreement was determined based on management’s estimate of the timing and the amount of Visa litigation settlement and the resulting payments due to the counterparty under the terms of the contract. As such, the conversion rate swap agreement is classified as Level 3. The significant unobservable inputs used in the fair value measurement of the Company’s derivative liability are the potential future changes in the conversion factor, expected term and growth rate of the market price of Visa Class A common shares. Material increases or (decreases) in any of those inputs may result in a significantly higher or (lower) fair value measurement. Assets and Liabilities Recorded at Fair Value on a Recurring Basis Assets and liabilities measured at fair value on a recurring basis as of September 30, 2016 and December 31, 2015 are summarized below: Fair Value Measurements as of September 30, 2016 Quoted Prices in Significant Active Markets for Other Significant Identical Assets Observable Unobservable (dollars in thousands) (Level 1) Inputs (Level 2) Inputs (Level 3) Total Assets U.S. Treasury securities $ — $ $ — $ Government-sponsored enterprises debt securities — — Government agency mortgage-backed securities (1) — — Government-sponsored enterprises mortgage-backed securities (1) — — Non-government asset-backed securities — — Collateralized mortgage obligations Government agency — — Government-sponsored enterprises — — Total available-for-sale securities — — Other assets (2) — — Liabilities Other liabilities (3) — Total $ — $ $ $ Fair Value Measurements as of December 31, 2015 Quoted Prices in Significant Active Markets for Other Significant Identical Assets Observable Unobservable (dollars in thousands) (Level 1) Inputs (Level 2) Inputs (Level 3) Total Assets U.S. Treasury securities $ — $ $ — $ Government-sponsored enterprises debt securities — — Government agency mortgage-backed securities (1) — — Government-sponsored enterprises mortgage-backed securities (1) — — Non-government mortgage-backed securities (1) — — Non-government asset-backed securities — — Collateralized mortgage obligations Government agency — — Government-sponsored enterprises — — Total available-for-sale securities — — Other assets (2) — — Liabilities Other liabilities (3) — — Total $ — $ $ — $ (1) Backed by residential real estate. (2) Other assets include investments in derivative assets. (3) Other liabilities include derivative liabilities. Changes in Fair Value Levels For any transfers in and out of the levels of the fair value hierarchy, the Company discloses the fair value measurement at the beginning of the reporting period during which the transfer occurred. During the three and nine months ended September 30, 2016 and during the year ended December 31, 2015, there were no transfers between levels. The changes in Level 3 liabilities measured at fair value on a recurring basis for the three and nine months ended September 30, 2016 are summarized in the table below. Visa (dollars in thousands) Derivative Three Months Ended September 30, 2016 Balance as of July 1, 2016 $ Total net gains included in other noninterest income Settlements Balance as of September 30, 2016 $ Total unrealized net gains included in net income related to liabilities still held as of September 30, 2016 $ Nine Months Ended September 30, 2016 Balance as of January 1, 2016 $ — Total net gains included in other noninterest income Purchases Settlements Balance as of September 30, 2016 $ Total unrealized net gains included in net income related to liabilities still held as of September 30, 2016 $ The Company did not have any assets or liabilities measured at fair value on a recurring basis using Level 3 inputs as of December 31, 2015. Valuation Techniques Used in the Fair Value Measurement of Assets and Liabilities Carried at Other Than Fair Value For the financial instruments that are not required to be carried at fair value on a recurring basis (categorized in the valuation hierarchy table below), the Company uses the following methods and assumptions to estimate the fair value: Short-term financial assets Short-term financial assets include cash and due from banks, including Federal funds sold and accrued interest receivable. The carrying amount is considered a reasonable estimate of fair value because there is a relatively short duration of time between the origination of the instrument and its expected realization. As such, these short-term financial assets are classified as Level 1. Fair values of fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities. Accordingly, these assets are classified as Level 2. Loans Fair values are estimated for pools of loans with similar characteristics using discounted cash flow analyses. The Company utilizes interest rates currently being offered for groups of loans with similar terms to borrowers of similar credit quality to estimate the fair values of: (1) commercial and industrial loans; (2) certain mortgage loans, including 1-4 family residential, commercial real estate and rental property; and (3) consumer loans. As such, loans are classified as Level 3. Deposits The fair value of deposits with no maturity date, such as interest-bearing and noninterest-bearing checking, regular savings, and certain types of money market savings accounts, approximate their carrying amounts, the amounts payable on demand at the reporting date. Accordingly, these are classified as Level 1. Fair values of fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities. Accordingly, these are classified as Level 2. Short-term borrowings The fair values of short-term borrowings are estimated using quoted market prices or discounted cash flow analyses based on the Company’s current incremental borrowing rates for similar types of borrowing arrangements. As such, short-term borrowings are classified as Level 2. Off-balance sheet instruments Fair values of letters of credit and commitments to extend credit are determined based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements and the counterparties’ credit standing. As such, off-balance sheet financial instruments are classified as Level 3. Assets and Liabilities Carried at Other Than Fair Value The following tables summarize for the periods indicated the estimated fair value of the Company’s financial instruments that are not required to be carried at fair value on a recurring basis, excluding leases and short-term financial assets and liabilities for which carrying amounts approximate fair value. The tables also summarize the fair values of the Company’s off-balance sheet commitments, excluding lease commitments. September 30, 2016 Fair Value Measurements Quoted Prices in Significant Significant Active Markets Other Unobservable for Identical Observable Inputs (dollars in thousands) Book Value Assets (Level 1) Inputs (Level 2) (Level 3) Total Financial assets: Short-term financial assets $ $ $ $ — $ Loans (1) — — Financial liabilities: Deposits $ $ $ $ — $ Short-term borrowings — — Off-balance sheet financial instruments: Commitments to extend credit (2) $ $ — $ — $ $ Standby letters of credit — — Commercial letters of credit — — (1) Excludes financing leases of $187.2 million at September 30, 2016. (2) There were no lease commitments at September 30, 2016. December 31, 2015 Fair Value Measurements Quoted Prices in Significant Significant Active Markets Other Unobservable for Identical Observable Inputs (dollars in thousands) Book Value Assets (Level 1) Inputs (Level 2) (Level 3) Total Financial assets: Short-term financial assets $ $ $ $ — $ Loans (1) — — Financial liabilities: Deposits $ $ $ $ — $ Short-term borrowings — — Off-balance sheet financial instruments: Commitments to extend credit (2) $ $ — $ — $ $ Standby letters of credit — — Commercial letters of credit — — (1) Excludes financing leases of $198.7 million at December 31, 2015. (2) Excludes financing lease commitments of $0.1 million at December 31, 2015. Valuation Techniques Used in the Fair Value Measurement of Assets and Liabilities Carried at the Lower of Cost or Fair Value The Company applies the following valuation techniques to assets measured at the lower of cost or fair value: Mortgage servicing rights (“MSRs”) MSRs are carried at the lower of cost or fair value and are therefore subject to fair value measurements on a nonrecurring basis. The fair value of MSRs is determined using models which use significant unobservable inputs, such as estimates of prepayment rates, the resultant weighted average lives of the MSRs and the option-adjusted spread levels. Accordingly, the Company classifies MSRs as Level 3. Impaired loans A large portion of the Company’s impaired loans are collateral dependent and are measured at fair value on a nonrecurring basis using collateral values as a practical expedient. The fair values of collateral for impaired loans are primarily based on real estate appraisal reports prepared by third party appraisers less disposition costs, present value of the expected future cash flows or the loan’s observable market price. Certain loans are measured based on the present value of expected future cash flows, discounted at the loan’s effective rate, which is not a fair value measurement. The Company measures the impairment on certain loans and leases by performing a lower-of-cost-or-fair-value analysis. If impairment is determined by the value of the collateral or an observable market price, it is written down to fair value on a nonrecurring basis as Level 3. Other real estate owned The Company values these properties at fair value at the time the Company acquires them, which establishes their new cost basis. After acquisition, the Company carries such properties at the lower of cost or fair value less estimated selling costs on a nonrecurring basis. Fair value is measured on a nonrecurring basis using collateral values as a practical expedient. The fair values of collateral for other real estate owned are primarily based on real estate appraisal reports prepared by third party appraisers less disposition costs, and are classified as Level 3. Standby letters of credit The Company recognizes a liability for the fair value of the obligation undertaken in issuing a standby letter of credit at the inception of the guarantee. These liabilities are disclosed at fair value on a nonrecurring basis. Thereafter, these liabilities are carried at amortized cost. The fair value is based on the commission the Company receives when entering into the guarantee. As Company-level data is incorporated into the fair value measurement, the liability for standby letters of credit is classified as Level 3. Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis The Company may be required to record certain assets at fair value on a nonrecurring basis in accordance with GAAP. These assets are subject to fair value adjustments that result from the application of lower of cost or fair value accounting or write-downs of individual assets to fair value. The following table provides the level of valuation inputs used to determine each fair value adjustment and the fair value of the related individual assets or portfolio of assets with fair value adjustments on a nonrecurring basis as of September 30, 2016 and December 31, 2015: (dollars in thousands) Level 1 Level 2 Level 3 September 30, 2016 Impaired loans $ — $ — $ December 31, 2015 Impaired loans $ — $ — $ Total losses of impaired loans for the nine months ended September 30, 2016 and 2015 was $0.4 million and $0.3 million, respectively. For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of September 30, 2016 and December 31, 2015, the significant unobservable inputs used in the fair value measurements were as follows: Quantitative Information about Level 3 Fair Value Measurements at September 30, 2016 Significant Range (dollars in thousands) Fair value Valuation Technique Unobservable Input (Weighted Average) Impaired loans $ Appraisal Value Appraisal Value n/m (1) Other liabilities $ Discounted Cash Flow Expected Conversion Factor 1.6483 Expected Term 4 years Growth Rate 15% Quantitative Information about Level 3 Fair Value Measurements at December 31, 2015 Range (dollars in thousands) Fair value Valuation Technique Unobservable Input (Weighted Average) Impaired loans $ Appraisal Value Appraisal Value n/m (1) (1) The fair value of these assets is determined based on appraised values of collateral or broker price opinions, the range of which is not meaningful to disclose.

Reportable Operating Segments

Reportable Operating Segments	9 Months Ended
	Sep. 30, 2016
Reportable Operating Segments
Reportable Operating Segments	17. Reportable Operating Segments The Company’s operations are organized into three business segments – Retail Banking, Commercial Banking, and Treasury and Other. These segments reflect how discrete financial information is currently evaluated by the chief operating decision maker and how performance is assessed and resources allocated. The Company’s internal management accounting process measures the performance of these business segments. This process, which is not necessarily comparable with similar information for any other financial institution, uses various techniques to assign balance sheet and income statement amounts to the business segments, including allocations of income, expense, the provision for credit losses, and capital. This process is dynamic and requires certain allocations based on judgment and other subjective factors. Unlike financial accounting, there is no comprehensive authoritative guidance for management accounting that is equivalent to GAAP. The net interest income of the business segments reflects the results of a funds transfer pricing process that matches assets and liabilities with similar interest rate sensitivity and maturity characteristics and reflects the allocation of net interest income related to the Company’s overall asset and liability management activities on a proportionate basis. The basis for the allocation of net interest income is a function of the Company’s assumptions that are subject to change based on changes in current interest rates and market conditions. Funds transfer pricing also serves to transfer interest rate risk to Treasury. The Company allocates the provision for loan and lease losses to each segment based on management’s estimate of the inherent loss content in each of the specific loan and lease portfolios. Noninterest income and expense includes allocations from support units to the business segments. These allocations are based on actual usage where practicably calculated or by management’s estimate of such usage. Income tax expense is allocated to each business segment based on the consolidated effective income tax rate for the period shown. Business Segments Retail Banking Retail Banking offers a broad range of financial products and services to consumers and small businesses. Loan and lease products offered include residential and commercial mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans and small business loans and leases. Deposit products offered include checking, savings, and time deposit accounts. Retail Banking also offers wealth management services. Products and services from Retail Banking are delivered to customers through 62 banking locations throughout the State of Hawaii, Guam, and Saipan. Commercial Banking Commercial Banking offers products that include corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards. Commercial lending and deposit products are offered primarily to middle-market and large companies locally, nationally, and internationally. Treasury and Other Treasury consists of corporate asset and liability management activities including interest rate risk management. The segment’s assets and liabilities (and related interest income and expense) consist of interest-bearing deposits, investment securities, federal funds sold and purchased, government deposits, short and long-term borrowings and bank-owned properties. The primary sources of noninterest income are from bank-owned life insurance, net gains from the sale of investment securities, foreign exchange income related to customer-driven currency requests from merchants and island visitors and management of bank-owned properties. The net residual effect of the transfer pricing of assets and liabilities is included in Treasury, along with the elimination of intercompany transactions. Other organizational units (Technology, Operations, Credit and Risk Management, Human Resources, Finance, Administration, Marketing, and Corporate and Regulatory Administration) provide a wide-range of support to the Company’s other income earning segments. Expenses incurred by these support units are charged to the business segments through an internal cost allocation process. The following table presents selected business segment financial information for the periods indicated: Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Three Months Ended September 30, 2016 Net interest income (expense) $ $ $ $ Provision for loan and lease losses — Net interest income (expense) after provision for loan and lease losses Noninterest income Noninterest expense Income (loss) before provision for income taxes (Provision) benefit for income taxes Net income (loss) $ $ $ $ Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Nine Months Ended September 30, 2016 Net interest income (expense) $ $ $ $ Provision for loan and lease losses — Net interest income (expense) after provision for loan and lease losses Noninterest income Noninterest expense Income (loss) before provision for income taxes (Provision) benefit for income taxes Net income (loss) $ $ $ $ Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Three Months Ended September 30, 2015 Net interest income (expense) $ $ $ $ Provision for loan and lease losses — Net interest income (expense) after provision for loan and lease losses Noninterest income Noninterest expense Income (loss) before provision for income taxes (Provision) benefit for income taxes Net income (loss) $ $ $ $ Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Nine Months Ended September 30, 2015 Net interest income (expense) $ $ $ $ Provision for loan and lease losses — Net interest income (expense) after provision for loan and lease losses Noninterest income Noninterest expense Income (loss) before provision for income taxes (Provision) benefit for income taxes Net income (loss) $ $ $ $

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2016
Investment Securities
Schedule of amortized cost and fair value of securities	September 30, 2016 December 31, 2015 Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Cost Gains Losses Value U.S. Treasury securities $ $ $ — $ $ $ — $ $ Government-sponsored enterprises debt securities Government agency mortgage-backed securities — Government-sponsored enterprises mortgage-backed securities — — Non-government mortgage-backed securities — — — — — — Non-government asset-backed securities — — Collateralized mortgage obligations: Government agency Government-sponsored enterprises Total available-for-sale securities $ $ $ $ $ $ $ $
Schedule of unrealized gross losses and fair values of securities in a continuous loss position	Time in Continuous Loss as of September 30, 2016 Less Than 12 Months 12 Months or More Total Unrealized Unrealized Unrealized (dollars in thousands) Losses Fair Value Losses Fair Value Losses Fair Value Government-sponsored enterprises debt securities $ $ $ — $ — $ $ Government agency mortgage-backed securities — — Non-government asset-backed securities — Collateralized mortgage obligations: Government agency Government-sponsored enterprises Total available-for-sale securities with unrealized losses $ $ $ $ $ $ Time in Continuous Loss as of December 31, 2015 Less Than 12 Months 12 Months or More Total Unrealized Unrealized Unrealized (dollars in thousands) Losses Fair Value Losses Fair Value Losses Fair Value U.S. Treasury securities $ $ $ — $ — $ $ Government-sponsored enterprises debt securities — — Government agency mortgage-backed securities — — Non-government asset-backed securities — — Collateralized mortgage obligations: Government agency Government-sponsored enterprises Total available-for-sale securities with unrealized losses $ $ $ $ $ $
Schedule of amortized cost and fair value by contractual maturity	September 30, 2016 Amortized Fair (dollars in thousands) Cost Value Due after one year through five years $ $ Due after five years through ten years Government agency mortgage-backed securities Government-sponsored enterprises mortgage-backed securities Non-government asset-backed securities Collateralized mortgage obligations: Government agency Government-sponsored enterprises Total mortgage- and asset-backed securities Total available-for-sale securities $ $

Loans and Leases (Tables)

Loans and Leases (Tables)	9 Months Ended
	Sep. 30, 2016
Loans and Leases
Schedule of components of loans and leases	(dollars in thousands) 2016 2015 Commercial and industrial $ $ Real estate: Commercial Construction Residential Total real estate Consumer Lease financing Total loans and leases $ $
Schedule of loan and lease commitments	(dollars in thousands) 2016 2015 Commercial and industrial $ $ Real estate: Commercial Construction Residential Total real estate Consumer Lease financing Total loan and lease commitments $ $

Allowance for Loan and Lease 28

Allowance for Loan and Lease Losses (Tables)	9 Months Ended
	Sep. 30, 2016
Allowance for Loan and Lease Losses
Schedule of components of allowance for loan and lease losses	Three Months Ended September 30, 2016 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ $ $ $ $ $ $ $ Charge-offs — — — — Recoveries — — — Increase (decrease) in Provision Balance at end of period $ $ $ $ $ $ $ $ Nine Months Ended September 30, 2016 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ $ $ $ $ $ $ $ Charge-offs — — — — Recoveries — — Increase (decrease) in Provision Balance at end of period $ $ $ $ $ $ $ $ Three Months Ended September 30, 2015 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ $ $ $ $ $ $ $ Charge-offs — — — — Recoveries — — Increase (decrease) in Provision Balance at end of period $ $ $ $ $ $ $ $ Nine Months Ended September 30, 2015 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ $ $ $ $ $ $ $ Charge-offs — — — — Recoveries — — Increase (decrease) in Provision Balance at end of period $ $ $ $ $ $ $ $
Schedule of disaggregation of Allowance and recorded investment in loans by impairment methodology	September 30, 2016 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Individually evaluated for impairment $ $ $ — $ — $ $ — $ — $ Collectively evaluated for impairment Balance at end of period $ $ $ $ $ $ $ $ Loans and leases: Individually evaluated for impairment $ $ $ — $ $ $ — $ — $ Collectively evaluated for impairment — Balance at end of period $ $ $ $ $ $ $ — $ December 31, 2015 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Individually evaluated for impairment $ — $ — $ — $ — $ $ — $ — $ Collectively evaluated for impairment Balance at end of period $ $ $ $ $ $ $ $ Loans and leases: Individually evaluated for impairment $ $ $ — $ $ $ — $ — $ Collectively evaluated for impairment — Balance at end of period $ $ $ $ $ $ $ — $
Schedule of credit risk profiles by internally assigned grade for loans and leases	September 30, 2016 Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Total Grade: Pass $ $ $ $ $ Special mention Substandard — Doubtful — — Total $ $ $ $ $ December 31, 2015 Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Total Grade: Pass $ $ $ $ $ Special mention Substandard — Doubtful — Total $ $ $ $ $
Schedule of credit risk profiles based on payment activity for loans and leases	September 30, 2016 (dollars in thousands) Residential Consumer Consumer - Auto Credit Cards Total Performing $ $ $ $ $ Nonperforming and delinquent Total $ $ $ $ $ December 31, 2015 (dollars in thousands) Residential Consumer Consumer - Auto Credit Cards Total Performing $ $ $ $ $ Nonperforming and delinquent Total $ $ $ $ $
Schedule of aging analyses of past due loans and leases	September 30, 2016 Accruing Loans and Leases Greater Total Non Than or Total Accruing 30-59 60-89 Equal to Total Accruing Loans Days Days 90 Days Past Loans and and Total (dollars in thousands) Past Due Past Due Past Due Due Current Leases Leases Outstanding Commercial and industrial $ $ — $ $ $ $ $ $ Commercial real estate — — — Construction — — — Lease financing — — Residential Consumer — Total $ $ $ $ $ $ $ $ December 31, 2015 Accruing Loans and Leases Greater Total Non Than or Total Accruing 30-59 60-89 Equal to Total Accruing Loans Days Days 90 Days Past Loans and and Total (dollars in thousands) Past Due Past Due Past Due Due Current Leases Leases Outstanding Commercial and industrial $ $ $ $ $ $ $ $ Commercial real estate — Construction — — — — — Lease financing — Residential Consumer — Total $ $ $ $ $ $ $ $
Schedule of total carrying amounts and total unpaid principal balances of impaired loans and leases	September 30, 2016 Unpaid Recorded Principal Related (dollars in thousands) Investment Balance Allowance Impaired loans with no related allowance recorded: Commercial and industrial $ $ $ — Commercial real estate — Lease financing — Residential — Total $ $ $ — Impaired loans with a related allowance recorded: Commercial and industrial $ $ $ Commercial real estate Residential Total $ $ $ Total impaired loans: Commercial and industrial $ $ $ Commercial real estate Lease financing — Residential Total $ $ $ December 31, 2015 Unpaid Recorded Principal Related (dollars in thousands) Investment Balance Allowance Impaired loans with no related allowance recorded: Commercial and industrial $ $ $ — Commercial real estate — Lease financing — Residential — Total $ $ $ — Impaired loans with a related allowance recorded: Residential $ $ $ Total $ $ $ Total impaired loans: Commercial and industrial $ $ $ — Commercial real estate — Lease financing — Residential Total $ $ $
Schedule of average balances, and of interest income recognized from, impaired loans	Three Months Ended Nine Months Ended September 30, 2016 September 30, 2016 Average Interest Average Interest Recorded Income Recorded Income (dollars in thousands) Investment Recognized Investment Recognized Impaired loans with no related allowance recorded: Commercial and industrial $ $ $ $ Commercial real estate Construction — — — Lease financing Residential Total $ $ $ $ Impaired loans with a related allowance recorded: Commercial and industrial $ $ $ $ Commercial real estate Residential Total $ $ $ $ Total impaired loans: Commercial and industrial $ $ $ $ Commercial real estate Construction — — — Lease financing Residential Total $ $ $ $ Three Months Ended Nine Months Ended September 30, 2015 September 30, 2015 Average Interest Average Interest Recorded Income Recorded Income (dollars in thousands) Investment Recognized Investment Recognized Impaired loans with no related allowance recorded: Commercial and industrial $ $ $ $ Commercial real estate Construction — — Lease financing — — Residential Total $ $ $ $ Impaired loans with a related allowance recorded: Commercial and industrial $ $ $ $ Commercial real estate — — Residential Total $ $ $ $ Total impaired loans: Commercial and industrial $ $ $ $ Commercial real estate Construction — — Lease financing — — Residential Total $ $ $ $
Schedule of information related to loans modified in a TDR	Three Months Ended Nine Months Ended September 30, 2016 September 30, 2016 Unpaid Unpaid Number Principal Principal Number of Pre- Post- Related of Recorded Related (dollars in thousands) Contracts Modification Modification Allowance Contracts Investment (1) Allowance Commercial and industrial $ $ $ $ $ Commercial real estate Residential Total $ $ $ $ $ Three Months Ended Nine Months Ended September 30, 2015 September 30, 2015 Unpaid Unpaid Number Principal Principal Number of Pre- Post- Related of Recorded Related (dollars in thousands) Contracts Modification Modification Allowance Contracts Investment (1) Allowance Commercial and industrial $ $ $ — $ $ — Commercial real estate — — — — — Residential Total $ $ $ $ $ (1) The recorded investment balances reflect all partial paydowns and charge-offs since the modification date and do not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period.
Schedule of TDRs that defaulted period within 12 months of their permanent modification date	Three Months Ended Nine Months Ended September 30, 2015 September 30, 2015 Number of Recorded Number of Recorded (dollars in thousands) Contracts Investment (1) Contracts Investment (1) Commercial and industrial (2) $ $ Commercial real estate (3) Residential (4) — — Total $ $ (1) The recorded investment balances reflect all partial paydowns and charge-offs since the modification date and do not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period. (2) For the three and nine months ended September 30, 2015, five commercial and industrial loans that subsequently defaulted were refinanced and one was extended with a reduced interest rate. (3) For the three and nine months ended September 30, 2015, the commercial real estate loan that subsequently defaulted was refinanced. (4) For the three and nine months ended September 30, 2015, the residential real estate loan that subsequently defaulted was modified by reducing the interest rate.

Transfers of Financial Assets (

Transfers of Financial Assets (Tables)	9 Months Ended
	Sep. 30, 2016
Transfers of Financial Assets
Schedule of carrying amounts of assets pledged as collateral	(dollars in thousands) September 30, 2016 December 31, 2015 Public deposits $ $ Federal Home Loan Bank Federal Reserve Bank Repurchase agreements ACH transactions Interest rate swaps Total $ $
Schedule of disaggregation of gross amount of recognized liabilities for repurchase agreements by class of collateral pledged	September 30, 2016 Remaining Contractual Maturity of the Agreements Up to Greater than (dollars in thousands) 30 days 31-90 days 90 days Total Collateralized mortgage obligations: Government agency $ — $ — $ $ Government-sponsored enterprises — — Gross amount of recognized liabilities for repurchase agreements in Note 7 $ — $ — $ $ December 31, 2015 Remaining Contractual Maturity of the Agreements Up to Greater than (dollars in thousands) 30 days 31-90 days 90 days Total Non-government asset-backed securities $ $ $ — $ Collateralized mortgage obligations: Government agency — Government-sponsored enterprises Gross amount of recognized liabilities for repurchase agreements in Note 7 $ $ $ $

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2016
Deposits
Schedule of deposits by category	(dollars in thousands) September 30, 2016 December 31, 2015 U.S.: Interest-bearing $ $ Noninterest-bearing Foreign: Interest-bearing Noninterest-bearing Total deposits $ $
Schedule of maturity distribution of time certificates of deposits	The following table presents the maturity distribution of time certificates of deposits as of September 30, 2016: Under $250,000 (dollars in thousands) $250,000 or More Total Three months or less $ $ $ Over three through six months Over six through twelve months One to two years Two to three years Three to four years Four to five years Thereafter — Total $ $ $

Short-Term Borrowings (Tables)

Short-Term Borrowings (Tables)	9 Months Ended
	Sep. 30, 2016
Short-Term Borrowings
Schedule of short-term borrowings components and selected information	At September 30, 2016 and December 31, 2015, short-term borrowings were comprised of the following: (dollars in thousands) September 30, 2016 December 31, 2015 Federal funds purchased $ — $ — Securities sold under agreements to repurchase Total short-term borrowings $ $ The table below provides selected information for short-term borrowings for the nine months ended September 30, 2016 and 2015: (dollars in thousands) September 30, 2016 September 30, 2015 Federal funds purchased: Weighted-average interest rate at September 30, — % — % Highest month-end balance $ — $ Average outstanding balance $ $ Weighted-average interest rate paid % % Securities sold under agreements to repurchase: Weighted-average interest rate at September 30, % % Highest month-end balance $ $ Average outstanding balance $ $ Weighted-average interest rate paid % %
Schedule of weighted-average remaining maturity of securities sold under agreements to repurchase	At September 30, 2016, the weighted-average remaining maturity of these agreements was 441 days, with maturities as follows: Amount (dollars in thousands) Maturing Less than 30 days $ — 30 through 90 days — Over 90 days Total $

Accumulated Other Comprehensi32

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2016
Accumulated Other Comprehensive Income (Loss)
Schedule of changes in accumulated other comprehensive income (loss)	Income Tax Three Months Ended September 30, 2016 Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at June 30, 2016 $ $ $ Investment securities: Unrealized net losses arising during the period Reclassification of net gains to net income: Investment securities gains, net Net change in unrealized losses on investment securities Cash flow derivative hedges: Unrealized net gains on cash flow derivative hedges arising during the period Net change in unrealized gains on cash flow derivative hedges Other comprehensive loss Accumulated other comprehensive loss at September 30, 2016 $ $ $ Income Tax Nine Months Ended September 30, 2016 Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at December 31, 2015 $ $ $ Pension and other benefits: Change due to the Reorganization Transactions Net change in pension and other benefits Investment securities: Unrealized net gains arising during the period Reclassification of net gains to net income: Investment securities gains, net Net change in unrealized gains on investment securities Cash flow derivative hedges: Unrealized net gains on cash flow derivative hedges arising during the period Net change in unrealized gains on cash flow derivative hedges Other comprehensive income Accumulated other comprehensive loss at September 30, 2016 $ $ $ Income Tax Three Months Ended September 30, 2015 Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at June 30, 2015 $ $ $ Investment securities: Unrealized net gains arising during the period Reclassification of net gains to net income: Investment securities gains, net Net change in unrealized gains on investment securities Cash flow derivative hedges: Unrealized net losses on cash flow derivative hedges arising during the period Net change in unrealized losses on cash flow derivative hedges Other comprehensive income Accumulated other comprehensive loss at September 30, 2015 $ $ $ Income Tax Nine Months Ended September 30, 2015 Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at December 31, 2014 $ $ $ Investment securities: Unrealized net gains arising during the period Reclassification of net gains to net income: Investment securities gains, net Net change in unrealized gains on investment securities Cash flow derivative hedges: Unrealized net losses on cash flow derivative hedges arising during the period Reclassification of net gains to net income: Other noninterest expense Net change in unrealized losses on cash flow derivative hedges Other comprehensive income Accumulated other comprehensive loss at September 30, 2015 $ $ $
Summary of changes in accumulated other comprehensive loss, net of tax	Unrealized Total Pensions Unrealized Gains Accumulated and Gains (Losses) (Losses) on Other Other on Investment Cash Flow Comprehensive (dollars in thousands) Benefits Securities Derivative Hedges Loss Three Months Ended September 30, 2016 Balance at beginning of period $ $ $ $ Other comprehensive income (loss) — Balance at end of period $ $ $ $ Nine Months Ended September 30, 2016 Balance at beginning of period $ $ $ $ Other comprehensive income (loss) Balance at end of period $ $ $ $ Three Months Ended September 30, 2015 Balance at beginning of period $ $ $ $ Other comprehensive income (loss) — Balance at end of period $ $ $ $ Nine Months Ended September 30, 2015 Balance at beginning of period $ $ $ $ Other comprehensive income (loss) — Balance at end of period $ $ $ $

Regulatory Capital Requiremen33

Regulatory Capital Requirements (Tables)	9 Months Ended
	Sep. 30, 2016
Regulatory Capital Requirements
Schedule of regulatory capital ratios	First Hawaiian, First Hawaiian Minimum Well- Inc. Bank Capital Capitalized (dollars in thousands) Amount Ratio Amount Ratio Ratio (1) Ratio (1) September 30, 2016: Common equity tier 1 capital to risk-weighted assets $ % $ % % % Tier 1 capital to risk-weighted assets % % % % Total capital to risk-weighted assets % % % % Tier 1 capital to average assets (leverage ratio) % % % % December 31, 2015: Common equity tier 1 capital to risk-weighted assets $ % $ % % % Tier 1 capital to risk-weighted assets % % % % Total capital to risk-weighted assets % % % % Tier 1 capital to average assets (leverage ratio) % % % % (1) As defined by the regulations issued by the Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation (“FDIC”).

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2016
Income Taxes
Schedule of reconciliation of unrecognized tax benefits	Nine Months Ended September 30, 2016 2015 Interest Interest and and (dollars in thousands) Tax Penalties Total Tax Penalties Total Balance at January 1, $ $ $ $ $ $ Additions for current year tax positions — Additions for Reorganization Transactions — — — Additions for prior years' tax positions: Accrual of interest and penalties — — Other — — — — Reductions for prior years' tax positions: Expiration of statute of limitations Other — Balance at September 30, $ $ $ $ $ $

Derivative Financial Instrume35

Derivative Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2016
Derivative Financial Instruments
Summary of notional amounts and fair values of derivatives held	September 30, 2016 December 31, 2015 Fair Value Fair Value Notional Asset Liability Notional Asset Liability (dollars in thousands) Amount Derivatives (1) Derivatives (2) Amount Derivatives (1) Derivatives (2) Derivatives designated as hedging instruments: Interest rate swaps $ $ — $ $ $ — $ Derivatives not designated as hedging instruments: Interest rate swaps Funding swap — — — — Foreign exchange contracts — — (1) The positive fair value of derivative assets are included in other assets. (2) The negative fair value of derivative liabilities are included in other liabilities.
Schedule of gains and losses recognized in income related to derivatives in fair value hedging relationships	Three Months Ended Nine Months Ended (dollars in thousands) 2016 2015 2016 2015 Losses recorded in net interest income $ $ $ $ (Losses) gains recorded in noninterest income: Recognized on derivatives Recognized on hedged item Net (losses) gains recognized on fair value hedges (ineffective portion) Net losses recognized on fair value hedges $ $ $ $
Summary of effect of cash flow hedging relationships	Three Months Ended Nine Months Ended (dollars in thousands) 2016 2015 2016 2015 Pretax gains (losses) recognized in other comprehensive loss on derivatives (effective portion) $ $ $ $ Pretax gain reclassified from accumulated other comprehensive income $ — $ — $ — $
Summary of impact on pretax earnings of derivatives not designated as hedges	Net Gains (Losses) Recognized Three Months Ended Nine Months Ended in the Consolidated Statements September 30, September 30, (dollars in thousands) of Income Line Item 2016 2015 2016 2015 Derivatives Not Designated As Hedging Instruments: Interest rate swaps Other noninterest income $ $ $ $ Funding swaps Other noninterest income $ $ — $ $ — Foreign exchange contracts Other noninterest income $ $ $ $

Commitments and Contingent Li36

Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2016
Commitments and Contingent Liabilities
Schedule of financial instruments with off-balance sheet risk	September 30, December 31, (dollars in thousands) 2016 2015 Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ $ Standby letters of credit Commercial letters of credit

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings per Share
Schedule of computation of basic and diluted earnings per share	Three Months Ended Nine Months Ended September 30, September 30, (dollars in thousands, except shares and per share amounts) 2016 2015 2016 2015 Numerator: Net income $ $ $ $ Denominator: Basic: weighted-average shares outstanding Add: weighted-average equity-based awards — — Diluted: weighted-average shares outstanding Basic earnings per share $ $ $ $ Diluted earnings per share $ $ $ $

Benefit Plans (Tables)

Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2016
Benefit Plans
Schedule of components of net periodic benefit cost	Pension Benefits Other Benefits (dollars in thousands) 2016 2015 2016 2015 Three Months Ended September 30, Service cost $ $ $ $ Interest cost Expected return on plan assets — — Prior service credit — — Recognized net actuarial loss — Total net periodic benefit cost $ $ $ $ Nine Months Ended September 30, Service cost $ $ $ $ Interest cost Expected return on plan assets — — Prior service credit — — Recognized net actuarial loss — Total net periodic benefit cost $ $ $ $

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2016
Stock-Based Compensation
Schedule of restricted stock activity	Weighted Number Average Grant of Shares Date Fair Value Unvested as of December 31, 2015 - $ - Granted Vested Forfeited - - Unvested as of September 30, 2016 - $ -
Schedule of PSU activity	Weighted Number Average Grant of Shares Date Fair Value Unvested as of December 31, 2015 - $ - Granted Vested - - Forfeited - - Unvested as of September 30, 2016 $
Schedule of RSU activity	Weighted Number Average Grant of Shares Date Fair Value Unvested as of December 31, 2015 - $ - Granted Vested - - Forfeited - - Unvested as of September 30, 2016 $

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value
Schedule of assets and liabilities measured at fair value on a recurring basis	Fair Value Measurements as of September 30, 2016 Quoted Prices in Significant Active Markets for Other Significant Identical Assets Observable Unobservable (dollars in thousands) (Level 1) Inputs (Level 2) Inputs (Level 3) Total Assets U.S. Treasury securities $ — $ $ — $ Government-sponsored enterprises debt securities — — Government agency mortgage-backed securities (1) — — Government-sponsored enterprises mortgage-backed securities (1) — — Non-government asset-backed securities — — Collateralized mortgage obligations Government agency — — Government-sponsored enterprises — — Total available-for-sale securities — — Other assets (2) — — Liabilities Other liabilities (3) — Total $ — $ $ $ Fair Value Measurements as of December 31, 2015 Quoted Prices in Significant Active Markets for Other Significant Identical Assets Observable Unobservable (dollars in thousands) (Level 1) Inputs (Level 2) Inputs (Level 3) Total Assets U.S. Treasury securities $ — $ $ — $ Government-sponsored enterprises debt securities — — Government agency mortgage-backed securities (1) — — Government-sponsored enterprises mortgage-backed securities (1) — — Non-government mortgage-backed securities (1) — — Non-government asset-backed securities — — Collateralized mortgage obligations Government agency — — Government-sponsored enterprises — — Total available-for-sale securities — — Other assets (2) — — Liabilities Other liabilities (3) — — Total $ — $ $ — $ (1) Backed by residential real estate. (2) Other assets include investments in derivative assets. (3) Other liabilities include derivative liabilities.
Summary of changes in Level 3 liabilities measured at fair value on a recurring basis	Visa (dollars in thousands) Derivative Three Months Ended September 30, 2016 Balance as of July 1, 2016 $ Total net gains included in other noninterest income Settlements Balance as of September 30, 2016 $ Total unrealized net gains included in net income related to liabilities still held as of September 30, 2016 $ Nine Months Ended September 30, 2016 Balance as of January 1, 2016 $ — Total net gains included in other noninterest income Purchases Settlements Balance as of September 30, 2016 $ Total unrealized net gains included in net income related to liabilities still held as of September 30, 2016 $
Schedule of assets and liabilities carried at other than fair value and fair values of off-balance sheet commitments	September 30, 2016 Fair Value Measurements Quoted Prices in Significant Significant Active Markets Other Unobservable for Identical Observable Inputs (dollars in thousands) Book Value Assets (Level 1) Inputs (Level 2) (Level 3) Total Financial assets: Short-term financial assets $ $ $ $ — $ Loans (1) — — Financial liabilities: Deposits $ $ $ $ — $ Short-term borrowings — — Off-balance sheet financial instruments: Commitments to extend credit (2) $ $ — $ — $ $ Standby letters of credit — — Commercial letters of credit — — (1) Excludes financing leases of $187.2 million at September 30, 2016. (2) There were no lease commitments at September 30, 2016. December 31, 2015 Fair Value Measurements Quoted Prices in Significant Significant Active Markets Other Unobservable for Identical Observable Inputs (dollars in thousands) Book Value Assets (Level 1) Inputs (Level 2) (Level 3) Total Financial assets: Short-term financial assets $ $ $ $ — $ Loans (1) — — Financial liabilities: Deposits $ $ $ $ — $ Short-term borrowings — — Off-balance sheet financial instruments: Commitments to extend credit (2) $ $ — $ — $ $ Standby letters of credit — — Commercial letters of credit — — (1) Excludes financing leases of $198.7 million at December 31, 2015. (2) Excludes financing lease commitments of $0.1 million at December 31, 2015.
Schedule of assets with fair value adjustments on a nonrecurring basis	(dollars in thousands) Level 1 Level 2 Level 3 September 30, 2016 Impaired loans $ — $ — $ December 31, 2015 Impaired loans $ — $ — $
Schedule of significant unobservable inputs used in fair value measurements for Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis	Quantitative Information about Level 3 Fair Value Measurements at September 30, 2016 Significant Range (dollars in thousands) Fair value Valuation Technique Unobservable Input (Weighted Average) Impaired loans $ Appraisal Value Appraisal Value n/m (1) Other liabilities $ Discounted Cash Flow Expected Conversion Factor 1.6483 Expected Term 4 years Growth Rate 15% Quantitative Information about Level 3 Fair Value Measurements at December 31, 2015 Range (dollars in thousands) Fair value Valuation Technique Unobservable Input (Weighted Average) Impaired loans $ Appraisal Value Appraisal Value n/m (1) (1) The fair value of these assets is determined based on appraised values of collateral or broker price opinions, the range of which is not meaningful to disclose

Reportable Operating Segments (

Reportable Operating Segments (Tables)	9 Months Ended
	Sep. 30, 2016
Reportable Operating Segments
Schedule of selected business segment financial information	Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Three Months Ended September 30, 2016 Net interest income (expense) $ $ $ $ Provision for loan and lease losses — Net interest income (expense) after provision for loan and lease losses Noninterest income Noninterest expense Income (loss) before provision for income taxes (Provision) benefit for income taxes Net income (loss) $ $ $ $ Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Nine Months Ended September 30, 2016 Net interest income (expense) $ $ $ $ Provision for loan and lease losses — Net interest income (expense) after provision for loan and lease losses Noninterest income Noninterest expense Income (loss) before provision for income taxes (Provision) benefit for income taxes Net income (loss) $ $ $ $ Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Three Months Ended September 30, 2015 Net interest income (expense) $ $ $ $ Provision for loan and lease losses — Net interest income (expense) after provision for loan and lease losses Noninterest income Noninterest expense Income (loss) before provision for income taxes (Provision) benefit for income taxes Net income (loss) $ $ $ $ Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Nine Months Ended September 30, 2015 Net interest income (expense) $ $ $ $ Provision for loan and lease losses — Net interest income (expense) after provision for loan and lease losses Noninterest income Noninterest expense Income (loss) before provision for income taxes (Provision) benefit for income taxes Net income (loss) $ $ $ $

Organization and Basis of Pre42

Organization and Basis of Presentation - Subsidiary Ownership (Details)	Sep. 30, 2016
First Hawaiian, Inc. | First Hawaiian Bank
Capitalization
Outstanding common stock owned (as a percent)	100.00%

Organization and Basis of Pre43

Organization and Basis of Presentation - Reorganization, IPO and Expense Allocations (Details) - USD ($) $ / shares in Units, $ in Millions	Aug. 09, 2016	Apr. 01, 2016	Sep. 30, 2016	Sep. 30, 2015
Subsidiary, Sale of Stock [Line Items]
Threshold of U.S. non-branch assets of foreign banking organization which will require a U.S. intermediate holding company			$ 50,000
BNP Paribas | First Hawaiian, Inc.
Subsidiary, Sale of Stock [Line Items]
Outstanding common stock owned (as a percent)	83.00%
Reorganization Transactions on April 1, 2016 | BancWest Corporation | Bank of the West | BancWest Holding
Subsidiary, Sale of Stock [Line Items]
Ownership prior to transactions (as a percent)		100.00%
Reorganization Transactions on April 1, 2016 | First Hawaiian Bank
Subsidiary, Sale of Stock [Line Items]
Expenses allocated to subsidiary			$ 5.8	$ 13.1
Initial public offering | Common Stock
Subsidiary, Sale of Stock [Line Items]
Shares issued	24,250,000
Offering price (in dollars per share)	$ 23
Underwriters’ option | Common Stock
Subsidiary, Sale of Stock [Line Items]
Shares issued	3,163,043

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Value of Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Available for sale debt securities
Amortized Cost	$ 5,338,365	$ 4,068,766
Unrealized Gains	34,860	3,441
Unrealized Losses	(9,529)	(44,942)
Fair value	5,363,696	4,027,265
U.S. Treasury securities
Available for sale debt securities
Amortized Cost	308,479	502,126
Unrealized Gains	10
Unrealized Losses		(2,150)
Fair value	308,489	499,976
Government-sponsored enterprises debt securities
Available for sale debt securities
Amortized Cost	189,706	96,132
Unrealized Gains	244	16
Unrealized Losses	(57)	(324)
Fair value	189,893	95,824
Government agency mortgage-backed securities
Available for sale debt securities
Amortized Cost	203,685	56,490
Unrealized Gains	1,290
Unrealized Losses	(17)	(508)
Fair value	204,958	55,982
Government-sponsored enterprises mortgage-backed securities
Available for sale debt securities
Amortized Cost	8,539	10,185
Unrealized Gains	461	560
Fair value	9,000	10,745
Non-government mortgage-backed securities
Available for sale debt securities
Unrealized Gains		157
Fair value		157
Non-government asset-backed securities
Available for sale debt securities
Amortized Cost	19,510	95,453
Unrealized Losses	(16)	(143)
Fair value	19,494	95,310
Collateralized mortgage obligations: Government agency
Available for sale debt securities
Amortized Cost	3,522,585	2,261,526
Unrealized Gains	25,203	1,984
Unrealized Losses	(4,136)	(23,576)
Fair value	3,543,652	2,239,934
Collateralized mortgage obligations: Government-sponsored enterprises
Available for sale debt securities
Amortized Cost	1,085,861	1,046,854
Unrealized Gains	7,652	724
Unrealized Losses	(5,303)	(18,241)
Fair value	$ 1,088,210	$ 1,029,337

Investment Securities - Unreali

Investment Securities - Unrealized Gross Losses and Fair Values of Securities in a Continuous Loss Position (Details) $ in Thousands	Sep. 30, 2016USD ($)security	Dec. 31, 2015USD ($)security
Securities in the available-for-sale portfolio in a continuous loss position
Number of individual securities in a continuous loss position | security	46	120
Time in Continuous Loss
Less Than 12 Months Unrealized Losses	$ (1,258)	$ (17,680)
Less Than 12 Months Fair Value	424,625	2,682,621
12 Months or Longer Unrealized Losses	(8,271)	(27,262)
12 Months or Longer Fair Value	594,917	709,322
Total Unrealized Losses	(9,529)	(44,942)
Total Fair Value	1,019,542	3,391,943
U.S. Treasury securities
Time in Continuous Loss
Less Than 12 Months Unrealized Losses		(2,150)
Less Than 12 Months Fair Value		499,976
Total Unrealized Losses		(2,150)
Total Fair Value		499,976
Government-sponsored enterprises debt securities
Time in Continuous Loss
Less Than 12 Months Unrealized Losses	(57)	(324)
Less Than 12 Months Fair Value	24,931	70,808
Total Unrealized Losses	(57)	(324)
Total Fair Value	24,931	70,808
Government agency mortgage-backed securities
Time in Continuous Loss
Less Than 12 Months Unrealized Losses	(17)	(508)
Less Than 12 Months Fair Value	26,287	55,982
Total Unrealized Losses	(17)	(508)
Total Fair Value	26,287	55,982
Non-government asset-backed securities
Time in Continuous Loss
Less Than 12 Months Unrealized Losses		(143)
Less Than 12 Months Fair Value	609	95,310
12 Months or Longer Unrealized Losses	(16)
12 Months or Longer Fair Value	11,680
Total Unrealized Losses	(16)	(143)
Total Fair Value	12,289	95,310
Collateralized mortgage obligations: Government agency
Time in Continuous Loss
Less Than 12 Months Unrealized Losses	(1,102)	(11,423)
Less Than 12 Months Fair Value	307,798	1,428,423
12 Months or Longer Unrealized Losses	(3,034)	(12,153)
12 Months or Longer Fair Value	268,384	354,335
Total Unrealized Losses	(4,136)	(23,576)
Total Fair Value	576,182	1,782,758
Collateralized mortgage obligations: Government-sponsored enterprises
Time in Continuous Loss
Less Than 12 Months Unrealized Losses	(82)	(3,132)
Less Than 12 Months Fair Value	65,000	532,122
12 Months or Longer Unrealized Losses	(5,221)	(15,109)
12 Months or Longer Fair Value	314,853	354,987
Total Unrealized Losses	(5,303)	(18,241)
Total Fair Value	$ 379,853	$ 887,109

Investment Securities - Visa Cl

Investment Securities - Visa Class B Restricted Shares (Details) - Class B shares - USD ($) $ in Thousands	9 Months Ended	12 Months Ended	96 Months Ended
	Sep. 30, 2016	Dec. 31, 2008	Dec. 31, 2015
Visa
Visa Class B Restricted Shares
Cost of shares owned	$ 0	$ 0
Net gain related to the sale of stock	$ 22,700
Number of shares sold	274,000		0
Shares held	120,000		394,000
Visa
Visa Class B Restricted Shares
Stock received in initial public offering (in shares)		394,000

Investment Securities - Proceed

Investment Securities - Proceeds from Calls and Sales, Realized Gains and Losses and Interest Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Proceeds from calls and sales of investment securities
Proceeds from calls of investment securities	$ 46.2	$ 0	$ 121.2	$ 0
Proceeds from sales of investment securities	0	602.4	505	1,800
Realized investment gains and losses
Gross realized gains on sales of investments	0	4.1	25.8	15
Gross realized losses on sales of investments	0	0	0	0
Income tax expense related to net realized gains on the sale of investment securities	0	1.6	10.2	5.9
Interest income from taxable and nontaxable investment securities
Taxable interest income	21.1	17.8	57.1	55.1
Nontaxable interest income	$ 0	$ 0	$ 0	$ 0

Investment Securities - Contrac

Investment Securities - Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Amortized Cost
Due after one year through five years	$ 228,481
Due after five years through ten years	269,704
Total contractual maturities	498,185
Mortgage- and asset-backed securities	4,840,180
Amortized Cost	5,338,365	$ 4,068,766
Fair Value
Due after one year through five years	228,507
Due after five years through ten years	269,875
Total contractual maturities	498,382
Mortgage- and asset-backed securities	4,865,314
Total securities available for sale	5,363,696	4,027,265
Government agency mortgage-backed securities
Amortized Cost
Mortgage- and asset-backed securities	203,685
Amortized Cost	203,685	56,490
Fair Value
Mortgage- and asset-backed securities	204,958
Total securities available for sale	204,958	55,982
Government-sponsored enterprises mortgage-backed securities
Amortized Cost
Mortgage- and asset-backed securities	8,539
Amortized Cost	8,539	10,185
Fair Value
Mortgage- and asset-backed securities	9,000
Total securities available for sale	9,000	10,745
Non-government asset-backed securities
Amortized Cost
Mortgage- and asset-backed securities	19,510
Amortized Cost	19,510	95,453
Fair Value
Mortgage- and asset-backed securities	19,494
Total securities available for sale	19,494	95,310
Collateralized mortgage obligations: Government agency
Amortized Cost
Mortgage- and asset-backed securities	3,522,585
Amortized Cost	3,522,585	2,261,526
Fair Value
Mortgage- and asset-backed securities	3,543,652
Total securities available for sale	3,543,652	2,239,934
Collateralized mortgage obligations: Government-sponsored enterprises
Amortized Cost
Mortgage- and asset-backed securities	1,085,861
Amortized Cost	1,085,861	1,046,854
Fair Value
Mortgage- and asset-backed securities	1,088,210
Total securities available for sale	$ 1,088,210	$ 1,029,337

Investment Securities - Pledged

Investment Securities - Pledged Securities and Concentration (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Pledged securities
Total pledged securities	$ 2,800,000	$ 3,100,000
Securities pledged to secure public deposits and repurchase transactions	2,600,000	2,900,000
Securities pledged to secure other financial transactions	216,000	$ 206,300
Non-government issuer
Concentration of risk
Securities of issuers in excess of 10% of stockholders' equity	$ 0

Investment Securities - Other-T

Investment Securities - Other-Than-Temporary Impairment (Details) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Dec. 31, 2015
Investment Securities
Other than temporary impairment recognized	$ 0	$ 0	$ 0

Loans and Leases - Components (

Loans and Leases - Components (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Loans and leases
Loans and leases	$ 11,396,555	$ 10,722,030
Unearned income, including net deferred loan costs	21,900	17,200
Residential real estate loans pledged to collateralize the borrowing capacity at the FHLB	2,000,000	2,500,000
Consumer and commercial and industrial loans pledged to collateralize the borrowing capacity at the FRB	935,600	814,200
Real estate
Loans and leases
Loans and leases	6,474,867	6,064,335
Commercial and Industrial
Loans and leases
Loans and leases	3,265,291	3,057,455
Commercial Real Estate
Loans and leases
Loans and leases	2,311,874	2,164,448
Commercial Real Estate | Real estate
Loans and leases
Loans and leases	2,311,874	2,164,448
Construction
Loans and leases
Loans and leases	475,333	367,460
Construction | Real estate
Loans and leases
Loans and leases	475,333	367,460
Residential
Loans and leases
Loans and leases	3,687,660	3,532,427
Real estate loans in the process of foreclosure	4,000	11,300
Residential | Real estate
Loans and leases
Loans and leases	3,687,660	3,532,427
Consumer
Loans and leases
Loans and leases	1,469,220	1,401,561
Lease Financing
Loans and leases
Loans and leases	$ 187,177	$ 198,679

Loans and Leases - Commitments

Loans and Leases - Commitments (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Loans and leases
Loan and lease commitments	$ 5,179,570	$ 5,192,874
Real estate
Loans and leases
Loan and lease commitments	1,519,886	1,481,722
Commercial and Industrial
Loans and leases
Loan and lease commitments	2,194,182	2,262,712
Commercial Real Estate | Real estate
Loans and leases
Loan and lease commitments	74,193	46,812
Construction | Real estate
Loans and leases
Loan and lease commitments	495,320	480,926
Residential | Real estate
Loans and leases
Loan and lease commitments	950,373	953,984
Consumer
Loans and leases
Loan and lease commitments	1,465,486	1,448,336
Lease Financing
Loans and leases
Loan and lease commitments	$ 16	$ 104

Allowance for Loan and Lease 53

Allowance for Loan and Lease Losses - Activity (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)segmentclass	Sep. 30, 2015USD ($)
Allowance for loan and lease losses
Number of primary portfolio segments | segment			3
Activity in allowance for loan losses
Balance at beginning of period	$ 136,360	$ 136,338	$ 135,484	$ 134,799
Charge-offs	(5,356)	(5,816)	(14,523)	(14,807)
Recoveries	1,921	2,375	9,364	8,055
Increase (decrease) in Provision	2,100	2,550	4,700	7,400
Balance at end of period	135,025	135,447	$ 135,025	135,447
Commercial Lending
Allowance for loan and lease losses
Number of distinct portfolios | class			4
Commercial and Industrial
Activity in allowance for loan losses
Balance at beginning of period	35,792	32,914	$ 34,025	31,835
Charge-offs	(210)	(461)	(348)	(765)
Recoveries	6	178	228	884
Increase (decrease) in Provision	(1,428)	277	255	954
Balance at end of period	34,160	32,908	34,160	32,908
Commercial Real Estate
Activity in allowance for loan losses
Balance at beginning of period	18,260	15,698	18,489	16,320
Recoveries	42	58	3,288	298
Increase (decrease) in Provision	221	2,618	(3,254)	1,756
Balance at end of period	18,523	18,374	18,523	18,374
Construction
Activity in allowance for loan losses
Balance at beginning of period	4,636	3,626	3,793	4,725
Increase (decrease) in Provision	596	(380)	1,439	(1,479)
Balance at end of period	5,232	3,246	5,232	3,246
Lease Financing
Activity in allowance for loan losses
Balance at beginning of period	780	1,008	888	1,089
Recoveries		1	1	2
Increase (decrease) in Provision	(55)	(39)	(164)	(121)
Balance at end of period	725	970	725	970
Residential
Allowance for loan and lease losses
Specific allocation for impaired loans in which the net collateral value exceeds the unpaid principal balance of the loan	0		0
Activity in allowance for loan losses
Balance at beginning of period	46,452	45,686	46,099	44,858
Charge-offs	(268)	(484)	(796)	(561)
Recoveries	350	608	1,116	2,098
Increase (decrease) in Provision	(492)	17	(377)	(568)
Balance at end of period	46,042	45,827	46,042	45,827
Consumer
Activity in allowance for loan losses
Balance at beginning of period	28,386	26,840	28,385	27,041
Charge-offs	(4,878)	(4,871)	(13,379)	(13,481)
Recoveries	1,523	1,530	4,731	4,773
Increase (decrease) in Provision	3,183	3,916	8,477	9,082
Balance at end of period	28,214	27,415	28,214	27,415
Unallocated
Activity in allowance for loan losses
Balance at beginning of period	2,054	10,566	3,805	8,931
Increase (decrease) in Provision	75	(3,859)	(1,676)	(2,224)
Balance at end of period	$ 2,129	$ 6,707	$ 2,129	$ 6,707

Allowance for Loan and Lease 54

Allowance for Loan and Lease Losses - Disaggregation by Impairment Methodology (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Allowance for loan and lease losses:
Individually evaluated for impairment	$ 559		$ 592
Collectively evaluated for impairment	134,466		134,892
Total allowance for loan and lease losses	135,025	$ 136,360	135,484	$ 135,447	$ 136,338	$ 134,799
Loans and leases:
Individually evaluated for impairment	60,383		44,147
Collectively evaluated for impairment	11,336,172		10,677,883
Total loans and leases	11,396,555		10,722,030
Commercial Lending
Loans and leases:
Total loans and leases	6,239,675		5,788,042
Commercial and Industrial
Allowance for loan and lease losses:
Individually evaluated for impairment	7
Collectively evaluated for impairment	34,153		34,025
Total allowance for loan and lease losses	34,160	35,792	34,025	32,908	32,914	31,835
Loans and leases:
Individually evaluated for impairment	29,444		15,845
Collectively evaluated for impairment	3,235,847		3,041,610
Total loans and leases	3,265,291		3,057,455
Commercial Real Estate
Allowance for loan and lease losses:
Individually evaluated for impairment	7
Collectively evaluated for impairment	18,516		18,489
Total allowance for loan and lease losses	18,523	18,260	18,489	18,374	15,698	16,320
Loans and leases:
Individually evaluated for impairment	13,302		5,787
Collectively evaluated for impairment	2,298,572		2,158,661
Total loans and leases	2,311,874		2,164,448
Construction
Allowance for loan and lease losses:
Collectively evaluated for impairment	5,232		3,793
Total allowance for loan and lease losses	5,232	4,636	3,793	3,246	3,626	4,725
Loans and leases:
Collectively evaluated for impairment	475,333		367,460
Total loans and leases	475,333		367,460
Lease Financing
Allowance for loan and lease losses:
Collectively evaluated for impairment	725		888
Total allowance for loan and lease losses	725	780	888	970	1,008	1,089
Loans and leases:
Individually evaluated for impairment	163		181
Collectively evaluated for impairment	187,014		198,498
Total loans and leases	187,177		198,679
Residential
Allowance for loan and lease losses:
Individually evaluated for impairment	545		592
Collectively evaluated for impairment	45,497		45,507
Total allowance for loan and lease losses	46,042	46,452	46,099	45,827	45,686	44,858
Loans and leases:
Individually evaluated for impairment	17,474		22,334
Collectively evaluated for impairment	3,670,186		3,510,093
Total loans and leases	3,687,660		3,532,427
Consumer
Allowance for loan and lease losses:
Collectively evaluated for impairment	28,214		28,385
Total allowance for loan and lease losses	28,214	28,386	28,385	27,415	26,840	27,041
Loans and leases:
Collectively evaluated for impairment	1,469,220		1,401,561
Total loans and leases	1,469,220		1,401,561
Unallocated
Allowance for loan and lease losses:
Collectively evaluated for impairment	2,129		3,805
Total allowance for loan and lease losses	$ 2,129	$ 2,054	$ 3,805	$ 6,707	$ 10,566	$ 8,931

Allowance for Loan and Lease 55

Allowance for Loan and Lease Losses - Credit Risk Profiles (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)factor	Dec. 31, 2015USD ($)
Credit quality
Percentage of loans sold with no recourse to not be subject to grading	100.00%
Number of risk factors in internal loan rating system | factor	8
Loans and leases	$ 11,396,555	$ 10,722,030
Loss
Credit quality
Loans and leases	0	0
Commercial Lending
Credit quality
Loans and leases	6,239,675	5,788,042
Commercial Lending | Pass
Credit quality
Loans and leases	6,126,372	5,680,104
Commercial Lending | Special mention
Credit quality
Loans and leases	74,262	71,585
Commercial Lending | Substandard
Credit quality
Loans and leases	37,088	32,076
Commercial Lending | Doubtful
Credit quality
Loans and leases	1,953	4,277
Commercial and Industrial
Credit quality
Loans and leases	3,265,291	3,057,455
Commercial and Industrial | Pass
Credit quality
Loans and leases	3,203,811	2,995,180
Commercial and Industrial | Special mention
Credit quality
Loans and leases	39,980	46,097
Commercial and Industrial | Substandard
Credit quality
Loans and leases	19,710	12,220
Commercial and Industrial | Doubtful
Credit quality
Loans and leases	1,790	3,958
Commercial Real Estate
Credit quality
Loans and leases	2,311,874	2,164,448
Commercial Real Estate | Pass
Credit quality
Loans and leases	2,265,279	2,119,933
Commercial Real Estate | Special mention
Credit quality
Loans and leases	30,302	24,695
Commercial Real Estate | Substandard
Credit quality
Loans and leases	16,293	19,682
Commercial Real Estate | Doubtful
Credit quality
Loans and leases		138
Construction
Credit quality
Loans and leases	475,333	367,460
Construction | Pass
Credit quality
Loans and leases	470,459	366,695
Construction | Special mention
Credit quality
Loans and leases	3,789	765
Construction | Substandard
Credit quality
Loans and leases	1,085
Lease Financing
Credit quality
Loans and leases	187,177	198,679
Lease Financing | Pass
Credit quality
Loans and leases	186,823	198,296
Lease Financing | Special mention
Credit quality
Loans and leases	191	28
Lease Financing | Substandard
Credit quality
Loans and leases		174
Lease Financing | Doubtful
Credit quality
Loans and leases	163	181
Residential and consumer
Credit quality
Loans and leases	5,156,880	4,933,988
Residential and consumer | Performing
Credit quality
Loans and leases	5,123,057	4,889,617
Residential and consumer | Nonperforming and delinquent
Credit quality
Loans and leases	33,823	44,371
Residential
Credit quality
Loans and leases	3,687,660	3,532,427
Residential | Performing
Credit quality
Loans and leases	3,673,122	3,507,756
Residential | Nonperforming and delinquent
Credit quality
Loans and leases	14,538	24,671
Consumer
Credit quality
Loans and leases	1,469,220	1,401,561
Consumer loans | Consumer
Credit quality
Loans and leases	231,969	238,898
Consumer loans | Consumer | Performing
Credit quality
Loans and leases	228,882	236,207
Consumer loans | Consumer | Nonperforming and delinquent
Credit quality
Loans and leases	3,087	2,691
Consumer - Auto | Consumer
Credit quality
Loans and leases	902,011	807,957
Consumer - Auto | Consumer | Performing
Credit quality
Loans and leases	889,611	794,692
Consumer - Auto | Consumer | Nonperforming and delinquent
Credit quality
Loans and leases	12,400	13,265
Credit Cards | Consumer
Credit quality
Loans and leases	335,240	354,706
Credit Cards | Consumer | Performing
Credit quality
Loans and leases	331,442	350,962
Credit Cards | Consumer | Nonperforming and delinquent
Credit quality
Loans and leases	$ 3,798	$ 3,744

Allowance for Loan and Lease 56

Allowance for Loan and Lease Losses - Aging of Analysis of Past Due Loans and Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due
Total Past Due	$ 30,219	$ 35,360
Current	11,356,966	10,670,049
Total Accruing Loans and Leases	11,387,185	10,705,409
Total NonAccruing Loans and Leases	9,370	16,621
Total loans and leases	11,396,555	10,722,030
30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	20,702	25,573
60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	5,666	4,765
Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	3,851	5,022
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Total Past Due	1,862	2,766
Current	3,260,496	3,050,731
Total Accruing Loans and Leases	3,262,358	3,053,497
Total NonAccruing Loans and Leases	2,933	3,958
Total loans and leases	3,265,291	3,057,455
Commercial and Industrial | 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	1,685	198
Commercial and Industrial | 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due		72
Commercial and Industrial | Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	177	2,496
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due
Total Past Due	475	351
Current	2,311,399	2,163,959
Total Accruing Loans and Leases	2,311,874	2,164,310
Total NonAccruing Loans and Leases		138
Total loans and leases	2,311,874	2,164,448
Commercial Real Estate | 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	475
Commercial Real Estate | 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due		190
Commercial Real Estate | Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due		161
Construction
Financing Receivable, Recorded Investment, Past Due
Total Past Due	251
Current	475,082	367,460
Total Accruing Loans and Leases	475,333	367,460
Total loans and leases	475,333	367,460
Construction | 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	251
Lease Financing
Financing Receivable, Recorded Investment, Past Due
Total Past Due	82	215
Current	186,932	198,283
Total Accruing Loans and Leases	187,014	198,498
Total NonAccruing Loans and Leases	163	181
Total loans and leases	187,177	198,679
Lease Financing | 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due		41
Lease Financing | 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	82
Lease Financing | Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due		174
Residential
Financing Receivable, Recorded Investment, Past Due
Total Past Due	8,262	12,327
Current	3,673,124	3,507,756
Total Accruing Loans and Leases	3,681,386	3,520,083
Total NonAccruing Loans and Leases	6,274	12,344
Total loans and leases	3,687,660	3,532,427
Residential | 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	4,436	10,143
Residential | 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	2,188	1,447
Residential | Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	1,638	737
Consumer
Financing Receivable, Recorded Investment, Past Due
Total Past Due	19,287	19,701
Current	1,449,933	1,381,860
Total Accruing Loans and Leases	1,469,220	1,401,561
Total loans and leases	1,469,220	1,401,561
Consumer | 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	13,855	15,191
Consumer | 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	3,396	3,056
Consumer | Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	$ 2,036	$ 1,454

Allowance for Loan and Lease 57

Allowance for Loan and Lease Losses - Impaired Loans and Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Recorded Investment
Impaired loans with no related allowance recorded	$ 51,094		$ 51,094		$ 37,060
Impaired loans with a related allowance recorded	9,289		9,289		7,087
Total impaired loans	60,383		60,383		44,147
Unpaid Principal Balance
Impaired loans with no related allowance recorded	52,928		52,928		39,242
Impaired loans with a related allowance recorded	9,570		9,570		7,140
Total impaired loans	62,498		62,498		46,382
Related Allowance, Impaired loans	559		559		592
Average Recorded Investment
Impaired loans with no related allowance recorded	52,250	$ 40,746	52,313	$ 42,081
Impaired loans with a related allowance recorded	9,957	11,127	9,596	10,276
Total impaired loans	62,207	51,873	61,909	52,357
Interest Income Recognized
Impaired loans with no related allowance recorded	706	389	2,220	1,240
Impaired loans with a related allowance recorded	110	133	342	402
Total impaired loans	816	522	2,562	1,642
Commercial and Industrial
Recorded Investment
Impaired loans with no related allowance recorded	29,246		29,246		15,845
Impaired loans with a related allowance recorded	198		198
Total impaired loans	29,444		29,444		15,845
Unpaid Principal Balance
Impaired loans with no related allowance recorded	29,897		29,897		16,516
Impaired loans with a related allowance recorded	198		198
Total impaired loans	30,095		30,095		16,516
Related Allowance, Impaired loans	7		7
Average Recorded Investment
Impaired loans with no related allowance recorded	29,018	13,241	30,044	14,263
Impaired loans with a related allowance recorded	991	3,396	661	2,570
Total impaired loans	30,009	16,637	30,705	16,833
Interest Income Recognized
Impaired loans with no related allowance recorded	335	85	1,207	285
Impaired loans with a related allowance recorded	3	61	11	185
Total impaired loans	338	146	1,218	470
Commercial Real Estate
Recorded Investment
Impaired loans with no related allowance recorded	12,344		12,344		5,787
Impaired loans with a related allowance recorded	958		958
Total impaired loans	13,302		13,302		5,787
Unpaid Principal Balance
Impaired loans with no related allowance recorded	12,344		12,344		5,853
Impaired loans with a related allowance recorded	958		958
Total impaired loans	13,302		13,302		5,853
Related Allowance, Impaired loans	7		7
Average Recorded Investment
Impaired loans with no related allowance recorded	11,752	7,110	9,713	6,031
Impaired loans with a related allowance recorded	479	700	319	933
Total impaired loans	12,231	7,810	10,032	6,964
Interest Income Recognized
Impaired loans with no related allowance recorded	176	124	556	370
Impaired loans with a related allowance recorded	11		33
Total impaired loans	187	124	589	370
Construction
Average Recorded Investment
Impaired loans with no related allowance recorded		2,738	188	3,345
Total impaired loans		2,738	188	3,345
Lease Financing
Recorded Investment
Impaired loans with no related allowance recorded	163		163		181
Total impaired loans	163		163		181
Unpaid Principal Balance
Impaired loans with no related allowance recorded	163		163		181
Total impaired loans	163		163		181
Average Recorded Investment
Impaired loans with no related allowance recorded	168	187	171	187
Total impaired loans	168	187	171	187
Interest Income Recognized
Impaired loans with no related allowance recorded	3		4
Total impaired loans	3		4
Residential
Recorded Investment
Impaired loans with no related allowance recorded	9,341		9,341		15,247
Impaired loans with a related allowance recorded	8,133		8,133		7,087
Total impaired loans	17,474		17,474		22,334
Unpaid Principal Balance
Impaired loans with no related allowance recorded	10,524		10,524		16,692
Impaired loans with a related allowance recorded	8,414		8,414		7,140
Total impaired loans	18,938		18,938		23,832
Related Allowance, Impaired loans	545		545		$ 592
Average Recorded Investment
Impaired loans with no related allowance recorded	11,312	17,470	12,197	18,255
Impaired loans with a related allowance recorded	8,487	7,031	8,616	6,773
Total impaired loans	19,799	24,501	20,813	25,028
Interest Income Recognized
Impaired loans with no related allowance recorded	192	180	453	585
Impaired loans with a related allowance recorded	96	72	298	217
Total impaired loans	$ 288	$ 252	$ 751	$ 802

Allowance for Loan and Lease 58

Allowance for Loan and Lease Losses - Troubled Debt Restructuring Modifications (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)propertycontract	Sep. 30, 2015USD ($)contract	Sep. 30, 2016USD ($)propertycontract	Sep. 30, 2015USD ($)contract	Dec. 31, 2015USD ($)
Troubled debt restructuring modifications
Number of Contracts | contract	9	2	22	6
Unpaid Principal Pre-Modification	$ 5,719	$ 985
Unpaid Principal Post-Modification	5,719	985
Recorded Investment			$ 30,174	$ 5,158
Related Allowance	18	$ 57	64	$ 86
Total loan and lease commitments	5,179,570		5,179,570		$ 5,192,874
Commitments related to borrowers who had loan terms modified in a TDR	$ 6,300		$ 6,300		0
Loans modified in TDRs that experienced a payment default
Period past due for payment default			30 days
Number of contracts | contract	0	7	0	8
Recorded Investment		$ 11,183		$ 11,329
Number of residential mortgage loans collateralized by real estate property and modified in a TDR in the process of foreclosure | contract	1	2	1	2
Residential mortgage loans collateralized by real estate property and modified in a TDR in the process of foreclosure	$ 500	$ 800	$ 500	$ 800
Real estate property held from foreclosed TDR
Loans modified in TDRs that experienced a payment default
Real estate property held from a foreclosed TDR		$ 0		$ 0
Commercial and Industrial
Troubled debt restructuring modifications
Number of Contracts | contract	2	1	6	1
Unpaid Principal Pre-Modification	$ 98	$ 100
Unpaid Principal Post-Modification	98	$ 100
Recorded Investment			$ 16,015	$ 100
Related Allowance	4		4
Total loan and lease commitments	$ 2,194,182		$ 2,194,182		2,262,712
Loans modified in TDRs that experienced a payment default
Number of contracts | contract		6		6
Recorded Investment		$ 9,783		$ 9,783
Number of contracts that were refinanced | contract	5		5
Number of contracts extended with a reduced interest rate | contract	1		1
Commercial Real Estate
Troubled debt restructuring modifications
Number of Contracts | contract	4		6	1
Unpaid Principal Pre-Modification	$ 5,044
Unpaid Principal Post-Modification	5,044
Recorded Investment			$ 10,450	$ 2,755
Related Allowance	7		$ 7
Loans modified in TDRs that experienced a payment default
Number of contracts | contract		1		1
Recorded Investment		$ 1,400		$ 1,400
Lease Financing
Troubled debt restructuring modifications
Short-term forbearance period after which missed payments are added to end of lease term			3 months
Total loan and lease commitments	$ 16		$ 16		104
Residential
Troubled debt restructuring modifications
Period of time monthly payments are lowered to accommodate borrowers' financial needs			2 years
Number of Contracts | contract	3	1	10	4
Unpaid Principal Pre-Modification	$ 577	$ 885
Unpaid Principal Post-Modification	577	885
Recorded Investment			$ 3,709	$ 2,303
Related Allowance	$ 7	$ 57	$ 53	$ 86
Loans modified in TDRs that experienced a payment default
Number of contracts | contract				1
Recorded Investment				$ 146
Residential | Real estate property held from foreclosed TDR
Loans modified in TDRs that experienced a payment default
Number of real estate properties | property	1		1
Real estate property held from a foreclosed TDR	$ 300		$ 300
Consumer
Troubled debt restructuring modifications
Total loan and lease commitments	$ 1,465,486		$ 1,465,486		$ 1,448,336
Consumer | Minimum
Troubled debt restructuring modifications
Threshold period past due for charge-off			120 days
Consumer | Maximum
Troubled debt restructuring modifications
Threshold period past due for charge-off			180 days

Transfers of Financial Assets -

Transfers of Financial Assets - Carrying Amounts of Assets Pledged as Collateral (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Carrying amounts of the assets pledged as collateral
Public deposits	$ 2,558,916	$ 2,704,686
Federal Home Loan Bank	2,040,505	2,537,665
Federal Reserve Bank	935,641	814,177
Repurchase agreements	10,066	237,699
ACH transactions	156,761	151,330
Interest rate swaps	64,352	29,436
Total	5,766,241	6,474,993
Securities for reverse repurchase agreements	0	0
Extinguishment of debt
In-substance debt defeasance	$ 0	$ 0

Transfers of Financial Assets60

Transfers of Financial Assets - Disaggregation of Gross Amount of Recognized Liabilities for Repurchase Agreements by Class of Collateral (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	$ 9,151	$ 216,151
Non-government asset-backed securities
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements		184
Collateralized mortgage obligations: Government agency
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	2,000	171,437
Collateralized mortgage obligations: Government-sponsored enterprises
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	7,151	44,530
Less than 30 days
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements		6,200
Less than 30 days | Non-government asset-backed securities
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements		92
Less than 30 days | Collateralized mortgage obligations: Government agency
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements		768
Less than 30 days | Collateralized mortgage obligations: Government-sponsored enterprises
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements		5,340
30 through 90 days
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements		5,000
30 through 90 days | Non-government asset-backed securities
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements		92
30 through 90 days | Collateralized mortgage obligations: Government-sponsored enterprises
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements		4,908
Maturing Over 90 days
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	9,151	204,951
Maturing Over 90 days | Collateralized mortgage obligations: Government agency
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	2,000	170,669
Maturing Over 90 days | Collateralized mortgage obligations: Government-sponsored enterprises
Disaggregation of the gross amount of recognized liabilities for repurchase agreements by the class of collateral pledged
Recognized liabilities for repurchase agreements	$ 7,151	$ 34,282

Deposits - Categorized by Inter

Deposits - Categorized by Interest-bearing or Noninterest-bearing (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
U.S.:
Interest-bearing	$ 10,500,417	$ 10,111,319
Noninterest-bearing	5,171,172	4,801,370
Foreign:
Interest-bearing	664,572	618,776
Noninterest-bearing	629,366	530,459
Total deposits	$ 16,965,527	$ 16,061,924

Deposits - Maturity Distributio

Deposits - Maturity Distribution of Time Certificates of Deposits (Details) $ in Thousands	Sep. 30, 2016USD ($)
Maturity distribution of time certificates of deposits
Three months or less	$ 1,789,175
Over three through six months	979,413
Over six through twelve months	617,819
One to two years	149,372
Two to three years	190,157
Three to four years	136,508
Four to five years	142,592
Thereafter	107
Total	4,005,143
$250000
Maturity distribution of time certificates of deposits
Three months or less	250,817
Over three through six months	162,312
Over six through twelve months	377,824
One to two years	82,410
Two to three years	141,117
Three to four years	98,047
Four to five years	102,580
Thereafter	107
Total	1,215,214
$250,000 or More
Maturity distribution of time certificates of deposits
Three months or less	1,538,358
Over three through six months	817,101
Over six through twelve months	239,995
One to two years	66,962
Two to three years	49,040
Three to four years	38,461
Four to five years	40,012
Total	$ 2,789,929

Deposits - Time Certificate Den

Deposits - Time Certificate Denominations and Overdrawn Accounts (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Deposits
Time certificates of deposit in denominations of $250,000 or more, in the aggregate	$ 2,800	$ 2,600
Overdrawn deposit accounts classified as loans	$ 2.2	$ 3

Short-Term Borrowings - Compone

Short-Term Borrowings - Components and Selected Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Short-term borrowings
Short-term borrowings	$ 9,151		$ 216,151
Federal funds purchased
Short-term borrowings
Highest month-end balance		$ 8,000
Average outstanding balance	$ 168	$ 6,302
Weighted-average interest rate paid (as a percent)	0.17%	0.04%
Securities sold under agreements to repurchase
Short-term borrowings
Short-term borrowings	$ 9,151		$ 216,151
Weighted-average interest rate (as a percent)	0.54%	0.05%
Highest month-end balance	$ 235,451	$ 520,740
Average outstanding balance	$ 147,784	$ 404,053
Weighted-average interest rate paid (as a percent)	0.12%	0.04%

Short-Term Borrowings - Maturit

Short-Term Borrowings - Maturities of Securities Sold under Agreements to Repurchase (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Securities sold under agreements to repurchase
Weighted-average remaining maturity of agreements	441 days
Securities sold under agreements to repurchase	$ 9,151
Maturing Over 90 days
Securities sold under agreements to repurchase
Securities sold under agreements to repurchase	$ 9,151

Short-Term Borrowings - Lines o

Short-Term Borrowings - Lines of Credit (Details) $ in Millions	Sep. 30, 2016USD ($)
Lines of credit
Amount drawn under lines of credit	$ 0
U.S. financial institutions line of credit
Lines of credit
Amount available	618.9
Federal Home Loan Bank line of credit
Lines of credit
Amount available	1,600
Federal Reserve Bank line of credit
Lines of credit
Amount available	$ 687.8

Accumulated Other Comprehensi67

Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Pre-tax Amount
Balance at beginning of period	$ (8,644)	$ (74,979)	$ (84,722)	$ (85,048)
Other comprehensive income	(8,410)	17,419	67,668	27,488
Balance at end of period	(17,054)	(57,560)	(17,054)	(57,560)
Income Tax Benefit (Expense)
Balance at beginning of period	3,417	29,612	33,463	33,591
Other comprehensive income	3,322	(6,878)	(26,724)	(10,857)
Balance at end of period	6,739	22,734	6,739	22,734
Net of tax
Balance			2,736,941	2,675,040
Other comprehensive (loss) income	(5,088)	10,541	40,944	16,631
Balance	2,523,963	2,744,340	2,523,963	2,744,340
Accumulated Other Comprehensive Loss
Net of tax
Balance	(5,227)	(45,367)	(51,259)	(51,457)
Other comprehensive (loss) income			40,944	16,631
Balance	(10,315)	(34,826)	(10,315)	(34,826)
Pension and other benefits
Pre-tax Amount
Unrealized net gains (losses) arising during the period			(78)
Other comprehensive income			(78)
Income Tax Benefit (Expense)
Unrealized net gains (losses) arising during the period			32
Other comprehensive income			32
Net of tax
Balance	(26,929)	(35,869)	(26,883)	(35,869)
Unrealized net gains (losses) arising during the period			(46)
Other comprehensive (loss) income			(46)
Balance	(26,929)	(35,869)	(26,929)	(35,869)
Investment securities
Pre-tax Amount
Unrealized net gains (losses) arising during the period	(9,925)	22,369	92,590	43,488
Reclassification of net gains to net income	(30)	(4,131)	(25,761)	(14,993)
Other comprehensive income	(9,955)	18,238	66,829	28,495
Income Tax Benefit (Expense)
Unrealized net gains (losses) arising during the period	3,920	(8,835)	(36,573)	(17,178)
Reclassification of net gains to net income	12	1,633	10,176	5,923
Other comprehensive income	3,932	(7,202)	(26,397)	(11,255)
Net of tax
Balance	21,349	(9,329)	(25,106)	(15,533)
Unrealized net gains (losses) arising during the period	(6,005)	13,534	56,017	26,310
Reclassification of net gains to net income	(18)	(2,498)	(15,585)	(9,070)
Other comprehensive (loss) income	(6,023)	11,036	40,432	17,240
Balance	15,326	1,707	15,326	1,707
Cash flow derivative hedges
Pre-tax Amount
Unrealized net gains (losses) arising during the period	1,545	(819)	917	(550)
Reclassification of net gains to net income				(457)
Other comprehensive income	1,545	(819)	917	(1,007)
Income Tax Benefit (Expense)
Unrealized net gains (losses) arising during the period	(610)	324	(359)	217
Reclassification of net gains to net income				181
Other comprehensive income	(610)	324	(359)	398
Net of tax
Balance	353	(169)	730	(55)
Unrealized net gains (losses) arising during the period	935	(495)	558	(333)
Reclassification of net gains to net income				(276)
Other comprehensive (loss) income	935	(495)	558	(609)
Balance	$ 1,288	$ (664)	$ 1,288	$ (664)

Accumulated Other Comprehensi68

Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Changes in the components of accumulated other comprehensive loss, net of taxes
Balance			$ 2,736,941	$ 2,675,040
Other comprehensive income (loss)	$ (5,088)	$ 10,541	40,944	16,631
Balance	2,523,963	2,744,340	2,523,963	2,744,340
Accumulated Other Comprehensive Loss
Changes in the components of accumulated other comprehensive loss, net of taxes
Balance	(5,227)	(45,367)	(51,259)	(51,457)
Other comprehensive income (loss)			40,944	16,631
Balance	(10,315)	(34,826)	(10,315)	(34,826)
Pension and other benefits
Changes in the components of accumulated other comprehensive loss, net of taxes
Balance	(26,929)	(35,869)	(26,883)	(35,869)
Other comprehensive income (loss)			(46)
Balance	(26,929)	(35,869)	(26,929)	(35,869)
Investment securities
Changes in the components of accumulated other comprehensive loss, net of taxes
Balance	21,349	(9,329)	(25,106)	(15,533)
Other comprehensive income (loss)	(6,023)	11,036	40,432	17,240
Balance	15,326	1,707	15,326	1,707
Cash flow derivative hedges
Changes in the components of accumulated other comprehensive loss, net of taxes
Balance	353	(169)	730	(55)
Other comprehensive income (loss)	935	(495)	558	(609)
Balance	$ 1,288	$ (664)	$ 1,288	$ (664)

Regulatory Capital Requiremen69

Regulatory Capital Requirements (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Common equity tier 1 capital to risk-weighted assets
Actual Amount	$ 1,538,786	$ 1,792,701
Actual Ratio (as a percent)	12.48%	15.31%
Tier 1 capital to risk-weighted assets
Actual Amount	$ 1,538,786	$ 1,792,708
Actual Ratio (as a percent)	12.48%	15.31%
Total capital to risk-weighted assets
Actual Amount	$ 1,674,411	$ 1,928,792
Actual Ratio (as a percent)	13.59%	16.48%
Tier 1 capital to average assets (leverage ratio)
Actual Amount	$ 1,538,786	$ 1,792,708
Actual Ratio	8.41%	9.84%
First Hawaiian Bank
Common equity tier 1 capital to risk-weighted assets
Actual Amount	$ 1,513,858	$ 1,782,961
Actual Ratio (as a percent)	12.33%	15.24%
Minimum Capital Ratio (as a percent)	5.125%	4.50%
Well-Capitalized Ratio (as a percent)	6.50%	6.50%
Tier 1 capital to risk-weighted assets
Actual Amount	$ 1,513,865	$ 1,782,968
Actual Ratio (as a percent)	12.33%	15.24%
Minimum Capital Ratio (as a percent)	6.625%	6.00%
Well-Capitalized Ratio (percent)	8.00%	8.00%
Total capital to risk-weighted assets
Actual Amount	$ 1,649,490	$ 1,919,052
Actual Ratio (as a percent)	13.44%	16.40%
Minimum Capital Ratio (as a percent)	8.625%	8.00%
Well-Capitalized Ratio (as a percent)	10.00%	10.00%
Tier 1 capital to average assets (leverage ratio)
Actual Amount	$ 1,513,865	$ 1,782,968
Actual Ratio	8.29%	9.80%
Minimum Capital Ratio (as a percent)	4.00%	4.00%
Well-Capitalized Ratio (percent)	5.00%	5.00%

Regulatory Capital Requiremen70

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

Income Taxes - Effective Tax Ra

Income Taxes - Effective Tax Rate (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Taxes
Effective tax rate (as a percent)	38.43%	37.71%	37.54%	37.71%

Income Taxes - Examinations (De

Income Taxes - Examinations (Details)	9 Months Ended
	Sep. 30, 2016item
Income Taxes
Number of examinations under way	0

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Unrecognized Tax Benefits - (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Tax
Balance	$ 5,903	$ 5,748
Additions for current year tax positions	6,268	504
Additions for Reorganization Transactions	115,877
Reductions for prior years' tax positions: Expiration of statute of limitations	(530)	(467)
Reductions for prior years' tax positions: Other	(12)	(31)
Balance	127,506	5,754
Interest and Penalties
Balance	2,935	2,972
Additions for current year tax positions	1,117
Additions for Reorganization Transactions	5,459
Additions for prior years' tax positions: Accrual of interest and penalties	95	132
Additions for prior years' tax positions: Other		25
Reductions for prior years' tax positions: Expiration of statute of limitations	(215)	(180)
Reductions for prior years' tax positions: Other	(1)
Balance	9,390	2,949
Total
Balance	8,838	8,720
Additions for current year tax positions	7,385	504
Additions for Reorganization Transactions	121,336
Additions for prior years' tax positions: Accrual of interest and penalties	95	132
Additions for prior years' tax positions: Other		25
Reductions for prior years' tax positions: Expiration of statute of limitations	(745)	(647)
Reductions for prior years' tax positions: Other	(13)	(31)
Balance	136,896	8,703
Unrecognized tax benefits
Amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate	10,900	6,600
Unrecognized tax benefits attributable to tax refund claims in State of California	93,900
Unrecognized tax benefits, reasonably possible to decrease within the next 12 months	106,400
Unrecognized interest and penalties, reasonably possible to decrease within the next 12 months	5,100
Net expense attributable to interest and penalties recorded	200	$ 0
Accrued interest and penalties attributable to uncertain tax positions and undisputed tax adjustments	11,600		$ 5,000
Accrued interest and penalties attributable to unrecognized tax benefits related to uncertain tax positions	$ 9,400		$ 2,900

Income Taxes - Reorganization T

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

Derivative Financial Instrume75

Derivative Financial Instruments - Notional Amounts and Fair Values (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Interest rate swaps
Notional amounts and fair values of derivatives
Financial instruments pledged as collateral	$ 15,000	$ 13,800
Cash pledged as collateral	49,300	15,600
Derivatives designated as hedging instruments | Interest rate swaps
Notional amounts and fair values of derivatives
Notional Amount	202,394	232,867
Derivatives designated as hedging instruments | Interest rate swaps | Other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	(9,119)	(8,996)
Derivatives Not Designated as Hedging Instruments | Interest rate swaps
Notional amounts and fair values of derivatives
Notional Amount	1,062,236	682,621
Asset Derivatives	32,400	10,900
Liability Derivatives	(35,600)	(14,100)
Derivatives Not Designated as Hedging Instruments | Interest rate swaps | Other assets
Notional amounts and fair values of derivatives
Asset Derivatives	32,350	10,909
Derivatives Not Designated as Hedging Instruments | Interest rate swaps | Other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	(35,584)	(14,126)
Derivatives Not Designated as Hedging Instruments | Funding Swap (Visa Derivative)
Notional amounts and fair values of derivatives
Notional Amount	35,784
Liability Derivatives	(7,900)
Derivatives Not Designated as Hedging Instruments | Funding Swap (Visa Derivative) | Other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	(7,926)
Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts
Notional amounts and fair values of derivatives
Notional Amount	3,566	4,821
Derivatives Not Designated as Hedging Instruments | Foreign exchange contracts | Other assets
Notional amounts and fair values of derivatives
Asset Derivatives	$ 43	$ 93

Derivative Financial Instrume76

Derivative Financial Instruments - Fair Value Hedges (Details) - Interest rate swaps - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Net gains and losses recognized in income related to derivatives in fair value hedging relationships
Net losses recognized on fair value hedges	$ (281)	$ (567)	$ (947)	$ (1,919)
Minimum | Fair value hedges
Fair hedges carried
Fixed interest rate (as a percent)	2.59%		2.59%
Maximum | Fair value hedges
Fair hedges carried
Fixed interest rate (as a percent)	5.70%		5.70%
Net interest income | Fair value hedges
Net gains and losses recognized in income related to derivatives in fair value hedging relationships
Losses recorded	$ (279)	(547)	$ (973)	(2,011)
Noninterest income
Net gains and losses recognized in income related to derivatives in fair value hedging relationships
Recognized on derivatives	479	(977)	(1,039)	1,015
Recognized on hedged item	(481)	957	1,065	(923)
Net gains recognized on fair value hedges (ineffective portion)	(2)	$ (20)	26	$ 92
Derivatives designated as hedging instruments
Fair hedges carried
Notional amounts	202,394		202,394		$ 232,867
Derivatives designated as hedging instruments | Fair value hedges
Fair hedges carried
Notional amounts	52,400		52,400		82,900
Positive fair value	0		0		0
Fair value losses	$ 3,500		$ 3,500		$ 2,400

Derivative Financial Instrume77

Derivative Financial Instruments - Cash Flow Hedges (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)derivative	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)derivative	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)derivative
Cash Flow Hedges
Effect of cash flow hedging relationships
Pretax gains (losses) recognized in other comprehensive loss on derivatives (effective portion)	$ 1,545	$ (819)	$ 917	$ (550)
Pretax gain reclassified from accumulated other comprehensive income				(457)
Interest rate swaps
Cash flow hedges
Recognized expenses related to the ineffective portion	0	0	0	0
Interest rate swaps | Cash Flow Hedges
Cash flow hedges
Net interest expense on derivative	$ 800	$ 1,000	$ 2,500	$ 3,000
Minimum | Interest rate swaps | Cash Flow Hedges
Cash flow hedges
Fixed interest rate (as a percent)	2.98%		2.98%		2.98%
Maximum | Interest rate swaps | Cash Flow Hedges
Cash flow hedges
Fixed interest rate (as a percent)	3.03%		3.03%		3.03%
Derivatives designated as hedging instruments | Interest rate swaps
Cash flow hedges
Notional amounts	$ 202,394		$ 202,394		$ 232,867
Derivatives designated as hedging instruments | Interest rate swaps | Cash Flow Hedges
Cash flow hedges
Number of derivatives carried | derivative	2		2		2
Notional amounts	$ 150,000		$ 150,000		$ 150,000
Fair value losses	$ 5,600		$ 5,600		$ 6,600

Derivative Financial Instrume78

Derivative Financial Instruments - Derivatives Not Designated as Hedges (Details) - Derivatives Not Designated as Hedging Instruments - Other noninterest income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest rate swaps
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives	$ 378	$ (225)	$ (17)	$ (433)
Funding Swap (Visa Derivative)
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives	6		25
Foreign exchange contracts
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives	$ 72	$ 14	$ (50)	$ 14

Derivative Financial Instrume79

Derivative Financial Instruments - Free-Standing, Contingent Features and Counterparty Credit Risk (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		96 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Derivative financial instruments
Counterparty credit risk adjustments	$ 100	$ 0	$ 200	$ 200
Visa | Class B shares
Derivative financial instruments
Number of shares sold			274,000		0
Interest rate swaps | Maximum
Derivative financial instruments
Collateral thresholds for derivative agreements with credit risk related contingent features	500		$ 500
Derivatives Not Designated as Hedging Instruments | Interest rate swaps
Derivative financial instruments
Notional Amount	1,062,236		1,062,236		$ 682,621
Positive fair value, derivative asset	32,400		32,400		10,900
Fair value loss (derivative liability)	35,600		35,600		$ 14,100
Net interest expense on derivative	$ 300	300	$ 800	900
Derivatives Not Designated as Hedging Instruments | Interest rate swaps | Minimum
Derivative financial instruments
Fixed interest rate (as a percent)	0.53%		0.53%		1.34%
Derivatives Not Designated as Hedging Instruments | Interest rate swaps | Maximum
Derivative financial instruments
Fixed interest rate (as a percent)	4.90%		4.90%		4.90%
Derivatives Not Designated as Hedging Instruments | Interest rate swaps | Customer swap program
Derivative financial instruments
Notional Amount	$ 1,000,000		$ 1,000,000		$ 652,600
Positive fair value, derivative asset	32,400		32,400		10,900
Fair value loss (derivative liability)	32,400		32,400		$ 10,900
Upfront fees on the dealer swap	700	$ 600	4,300	$ 2,700
Derivatives Not Designated as Hedging Instruments | Funding Swap (Visa Derivative)
Derivative financial instruments
Notional Amount	35,784		35,784
Fair value loss (derivative liability)	$ 7,900		$ 7,900

Commitments and Contingent Li80

Commitments and Contingent Liabilities - Commitments to Extend Credit, Participations Sold (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Commitments to extend credit
Commitments
Participations sold to other institutions	$ 75.5	$ 72.7
Standby letters of credit
Commitments
Participations sold to other institutions	$ 19	$ 18

Commitments and Contingent Li81

Commitments and Contingent Liabilities - Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Commitments to extend credit
Financial instruments with off-balance sheet risk
Contract amount	$ 5,179,570	$ 5,192,874
Standby letters of credit
Financial instruments with off-balance sheet risk
Contract amount	105,742	127,840
Commercial Letters of credit
Financial instruments with off-balance sheet risk
Contract amount	$ 9,315	$ 8,404

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings per Share
Adjustments to net income (in dollars)	$ 0	$ 0	$ 0	$ 0
Antidilutive securities (in shares)	0	0	0	0
Numerator:
Net income	$ 53,235	$ 54,889	$ 173,626	$ 163,569
Denominator:
Basic: weighted-average shares outstanding (in shares)	139,500,542	139,459,620	139,473,360	139,459,620
Add: weighted-average equity-based awards (in shares)	3,016		1,013
Diluted: weighted-average shares outstanding (in shares)	139,503,558	139,459,620	139,474,373	139,459,620
Basic earnings per share (in dollars per share)	$ 0.38	$ 0.39	$ 1.24	$ 1.17
Diluted earnings per share (in dollars per share)	$ 0.38	$ 0.39	$ 1.24	$ 1.17

Benefit Plans - Components of N

Benefit Plans - Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Pension Plan
Components of net periodic benefit cost
Service cost	$ 215	$ 202	$ 644	$ 605
Interest cost	2,172	2,166	6,486	6,498
Expected return on plan assets	(1,180)	(1,042)	(3,515)	(3,125)
Recognized net actuarial loss	1,774	2,451	5,319	7,353
Total net periodic benefit cost	2,981	3,777	8,934	11,331
Other Benefits
Components of net periodic benefit cost
Service cost	193	176	577	527
Interest cost	210	198	631	594
Prior service credit	(107)	(107)	(321)	(322)
Recognized net actuarial loss		34		103
Total net periodic benefit cost	$ 296	$ 301	$ 887	$ 902

Stock-Based Compensation - Expe

Stock-Based Compensation - Expense (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016
Stock-Based Compensation
Stock-based compensation expense	$ 2.1	$ 2.1
Related income tax benefit of stock-based compensation	$ 0.7	$ 0.7

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016
Restricted Stock
Number of Shares
Unvested as of beginning of period (in shares)
Granted (in shares)	77,037	77,037
Vested (in shares)		(77,037)
Unvested as of end of period (in shares)
Weighted Average Grant Date Fair Value
Unvested as of beginning of period (in dollars per share)
Granted (in dollars per share)	$ 24.41	24.41
Vested (in dollars per share)		$ 24.41
Stock-based compensation
Total fair value of vested shares (in dollars)	$ 1.9	$ 1.9
Restricted stock, tranche one
Stock-based compensation
Percentage of vested award with transfer restrictions lapsing after a specified holding period	50.00%	50.00%
Period following vesting date for lapsing of transfer restrictions	6 months	6 months
Restricted stock, tranche two
Stock-based compensation
Percentage of vested award with transfer restrictions lapsing after a specified holding period	50.00%	50.00%
Period following vesting date for lapsing of transfer restrictions	18 months	18 months

Stock-Based Compensation - Perf

Stock-Based Compensation - Performance Share Units (Details) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2016USD ($)$ / sharesshares	Sep. 30, 2016USD ($)$ / sharesshares
Stock-based compensation
Stock-based compensation expense | $	$ 2.1	$ 2.1
Employee stock-based compensation plan
Stock-based compensation
Total shares authorized	5,600,000	5,600,000
Shares available for future grants	5,400,000	5,400,000
Performance Share Units
Number of Shares
Granted (in shares)	115,566	115,566
Unvested as of end of period (in shares)	115,566	115,566
Weighted Average Grant Date Fair Value
Granted (in dollars per share) | $ / shares	$ 24.41	$ 24.41
Unvested as of end of period (in dollars per share) | $ / shares	$ 24.41	$ 24.41
Stock-based compensation
Period following vesting date for lapsing of transfer restrictions	6 months	6 months
Stock-based compensation expense | $	$ 0.1	$ 0.1
Unrecognized compensation expense | $	$ 2.7	$ 2.7
Period for recognition of unrecognized compensation expense		2 years 9 months 29 days
Performance Share Units | Tranche one
Stock-based compensation
Vesting (as a percent)	33.33%	33.33%
Performance Share Units | Tranche two
Stock-based compensation
Vesting (as a percent)	33.33%	33.33%
Performance Share Units | Tranche three
Stock-based compensation
Vesting (as a percent)	33.33%	33.33%

Stock-Based Compensation - Re87

Stock-Based Compensation - Restricted Stock Units (Details) $ / shares in Units, $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2016USD ($)$ / sharesshares	Sep. 30, 2016USD ($)$ / sharesshares
Non-employee director plan
Stock-based compensation
Total shares authorized	75,000	75,000
Shares available for future grants	69,621	69,621
Restricted Stock Units | Directors
Number of Shares
Granted (in shares)	5,379	5,379
Unvested as of end of period (in shares)	5,379	5,379
Weighted Average Grant Date Fair Value
Granted (in dollars per share) | $ / shares	$ 24.41	$ 24.41
Unvested as of end of period (in dollars per share) | $ / shares	$ 24.41	$ 24.41
Stock-based compensation
Vesting period	1 year	1 year
Unrecognized compensation expense | $	$ 0.1	$ 0.1
Period for recognition of unrecognized compensation expense		9 months 29 days

Stock-Based Compensation - Empl

Stock-Based Compensation - Employee Stock Purchase Plan (Details)	9 Months Ended
	Sep. 30, 2016shares
Employee Stock Purchase Plan
Stock-based compensation
Total shares authorized	600,000
Employee Stock Purchase Plan
Stock-based compensation
Discount from the closing price on the exercise date (as a percent)	5.00%
Holding period for common stock purchased by plan participants	2 years

Fair Value - Visa Derivative (D

Fair Value - Visa Derivative (Details) $ in Millions	Sep. 30, 2016USD ($)
Fair Value, Measurements, Recurring | Level 3 | Funding Swap (Visa Derivative)
Fair value
Derivative Liability	$ 7.9

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets
Investment securities	$ 5,363,696	$ 4,027,265
Fair Value, Measurements, Recurring
Assets
Investment securities	5,363,696	4,027,265
Other assets	32,393	11,002
Liabilities
Other liabilities	(52,629)	(23,122)
Total
Net Assets (Liabilities)	5,343,460	4,015,145
Fair Value, Measurements, Recurring | Level 2
Assets
Investment securities	5,363,696	4,027,265
Other assets	32,393	11,002
Liabilities
Other liabilities	(44,703)	(23,122)
Total
Net Assets (Liabilities)	5,351,386	4,015,145
Fair Value, Measurements, Recurring | Level 3
Liabilities
Other liabilities	(7,926)
Total
Net Assets (Liabilities)	(7,926)
U.S. Treasury securities
Assets
Investment securities	308,489	499,976
U.S. Treasury securities | Fair Value, Measurements, Recurring
Assets
Investment securities	308,488	499,976
U.S. Treasury securities | Fair Value, Measurements, Recurring | Level 2
Assets
Investment securities	308,488	499,976
Government-sponsored enterprises debt securities
Assets
Investment securities	189,893	95,824
Government-sponsored enterprises debt securities | Fair Value, Measurements, Recurring
Assets
Investment securities	189,893	95,824
Government-sponsored enterprises debt securities | Fair Value, Measurements, Recurring | Level 2
Assets
Investment securities	189,893	95,824
Government agency mortgage-backed securities
Assets
Investment securities	204,958	55,982
Government agency mortgage-backed securities | Fair Value, Measurements, Recurring
Assets
Investment securities	204,958	55,982
Government agency mortgage-backed securities | Fair Value, Measurements, Recurring | Level 2
Assets
Investment securities	204,958	55,982
Government-sponsored enterprises mortgage-backed securities
Assets
Investment securities	9,000	10,745
Government-sponsored enterprises mortgage-backed securities | Fair Value, Measurements, Recurring
Assets
Investment securities	9,000	10,745
Government-sponsored enterprises mortgage-backed securities | Fair Value, Measurements, Recurring | Level 2
Assets
Investment securities	9,000	10,745
Non-government mortgage-backed securities
Assets
Investment securities		157
Non-government mortgage-backed securities | Fair Value, Measurements, Recurring
Assets
Investment securities		157
Non-government mortgage-backed securities | Fair Value, Measurements, Recurring | Level 2
Assets
Investment securities		157
Non-government asset-backed securities
Assets
Investment securities	19,494	95,310
Non-government asset-backed securities | Fair Value, Measurements, Recurring
Assets
Investment securities	19,494	95,310
Non-government asset-backed securities | Fair Value, Measurements, Recurring | Level 2
Assets
Investment securities	19,494	95,310
Collateralized mortgage obligations: Government agency
Assets
Investment securities	3,543,652	2,239,934
Collateralized mortgage obligations: Government agency | Fair Value, Measurements, Recurring
Assets
Investment securities	3,543,653	2,239,934
Collateralized mortgage obligations: Government agency | Fair Value, Measurements, Recurring | Level 2
Assets
Investment securities	3,543,653	2,239,934
Collateralized mortgage obligations: Government-sponsored enterprises
Assets
Investment securities	1,088,210	1,029,337
Collateralized mortgage obligations: Government-sponsored enterprises | Fair Value, Measurements, Recurring
Assets
Investment securities	1,088,210	1,029,337
Collateralized mortgage obligations: Government-sponsored enterprises | Fair Value, Measurements, Recurring | Level 2
Assets
Investment securities	$ 1,088,210	$ 1,029,337

Fair Value - Changes in Fair Va

Fair Value - Changes in Fair Value Levels and in Level 3 Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2016	Dec. 31, 2015
Fair value
Asset transfers out of Level 1 into Level 2	$ 0	$ 0	$ 0
Asset transfers out of Level 2 into Level 1	0	0	0
Asset transfers into (out of) Level 3	0	0	0
Liability transfers out of Level 1 into Level 2	0	0	0
Liability transfers out of Level 2 into Level 1	0	0	0
Liability transfers into (out of) Level 3	0	0	$ 0
Other liabilities - derivative | Funding Swap (Visa Derivative)
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance	(8,376)
Total net gains included in other noninterest income	6	25
Purchases		(8,875)
Settlements	444	924
Balance	(7,926)	(7,926)
Total unrealized net gains included in net income related to liabilities still held	$ 6	$ 25

Fair Value - Financial Instrume

Fair Value - Financial Instruments not Required to be Carried at Fair Value and Off-Balance Sheet Commitments (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Lease and lease commitments excluded
Financing leases	$ 187,200	$ 198,700
Financing lease commitments	0	100
Book Value
Financial assets:
Short-term financial assets	1,175,820	2,650,195
Loans	11,209,378	10,523,351
Financial liabilities:
Deposits	16,965,527	16,061,924
Short-term borrowings	9,151	216,151
Book Value | Commitments to extend credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	21,534	25,113
Book Value | Standby letters of credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	1,533	2,122
Book Value | Commercial Letters of credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	23	21
Estimated Fair Value
Financial assets:
Short-term financial assets	1,175,819	2,650,178
Loans	11,307,808	10,572,261
Financial liabilities:
Deposits	16,969,801	16,053,108
Short-term borrowings	9,131	216,057
Estimated Fair Value | Commitments to extend credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	21,534	25,113
Estimated Fair Value | Standby letters of credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	1,533	2,122
Estimated Fair Value | Commercial Letters of credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	23	21
Estimated Fair Value | Level 1
Financial assets:
Short-term financial assets	371,622	300,096
Financial liabilities:
Deposits	12,960,384	12,251,923
Estimated Fair Value | Level 2
Financial assets:
Short-term financial assets	804,197	2,350,082
Financial liabilities:
Deposits	4,009,417	3,801,185
Short-term borrowings	9,131	216,057
Estimated Fair Value | Level 3
Financial assets:
Loans	11,307,808	10,572,261
Estimated Fair Value | Level 3 | Commitments to extend credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	21,534	25,113
Estimated Fair Value | Level 3 | Standby letters of credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	1,533	2,122
Estimated Fair Value | Level 3 | Commercial Letters of credit
Off-balance sheet financial instruments:
Off-balance sheet financial instrument amount	$ 23	$ 21

Fair Value - Assets and Liabi93

Fair Value - Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis (Details) - Impaired loans - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Assets with fair value adjustments on a nonrecurring basis
Total impairment losses	$ 400	$ 300
Fair Value, Measurements, Nonrecurring | Level 3
Assets with fair value adjustments on a nonrecurring basis
Fair value	$ 1,368		$ 1,250

Fair Value - Significant Unobse

Fair Value - Significant Unobservable Inputs Used in Fair Value Measurements (Details) - Level 3 $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)	Dec. 31, 2015USD ($)
Fair Value, Measurements, Nonrecurring | Impaired loans
Significant unobservable inputs used in the fair value measurements
Assets	$ 1,368	$ 1,250
Fair Value, Measurements, Recurring | Other liabilities - derivative
Significant unobservable inputs used in the fair value measurements
Liabilities	$ (7,926)
Fair Value, Measurements, Recurring | Other liabilities - derivative | Discounted cash flow | Weighted Average
Significant unobservable inputs used in the fair value measurements
Expected Conversion Factor	1.6483
Expected Term	4 years
Growth Rate (as a percent)	15.00%

Reportable Operating Segments -

Reportable Operating Segments - Business Segments (Details)	9 Months Ended
	Sep. 30, 2016locationsegment
Reportable operating segments
Number of business segments | segment	3
Retail Banking
Reportable operating segments
Number of banking locations | location	62

Reportable Operating Segments96

Reportable Operating Segments - Selected Business Segment Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Selected business segment financial information
Net interest income (expense)	$ 122,683	$ 113,550	$ 360,422	$ 345,103
Provision for loan and lease losses	(2,100)	(2,550)	(4,700)	(7,400)
Net interest income after provision for loan and lease losses	120,583	111,000	355,722	337,703
Noninterest income	48,690	56,502	168,580	164,215
Noninterest expense	(82,804)	(79,377)	(246,341)	(239,307)
Income before income taxes	86,469	88,125	277,961	262,611
Provision for income taxes	(33,234)	(33,236)	(104,335)	(99,042)
Net income	53,235	54,889	173,626	163,569
Retail Banking
Selected business segment financial information
Net interest income (expense)	104,048	100,014	310,244	297,840
Provision for loan and lease losses	(770)	(1,202)	(1,722)	(3,487)
Net interest income after provision for loan and lease losses	103,278	98,812	308,522	294,353
Noninterest income	22,398	25,460	68,553	74,002
Noninterest expense	(51,093)	(48,449)	(160,495)	(150,278)
Income before income taxes	74,583	75,823	216,580	218,077
Provision for income taxes	(27,672)	(27,688)	(80,727)	(81,328)
Net income	46,911	48,135	135,853	136,749
Commercial Banking
Selected business segment financial information
Net interest income (expense)	28,655	26,941	84,460	86,045
Provision for loan and lease losses	(1,330)	(1,348)	(2,978)	(3,913)
Net interest income after provision for loan and lease losses	27,325	25,593	81,482	82,132
Noninterest income	15,479	19,346	48,498	54,475
Noninterest expense	(14,792)	(13,247)	(39,676)	(40,335)
Income before income taxes	28,012	31,692	90,304	96,272
Provision for income taxes	(10,399)	(11,583)	(33,640)	(35,927)
Net income	17,613	20,109	56,664	60,345
Treasury and Other
Selected business segment financial information
Net interest income (expense)	(10,020)	(13,405)	(34,282)	(38,782)
Net interest income after provision for loan and lease losses	(10,020)	(13,405)	(34,282)	(38,782)
Noninterest income	10,813	11,696	51,529	35,738
Noninterest expense	(16,919)	(17,681)	(46,170)	(48,694)
Income before income taxes	(16,126)	(19,390)	(28,923)	(51,738)
Provision for income taxes	4,837	6,035	10,032	18,213
Net income	$ (11,289)	$ (13,355)	$ (18,891)	$ (33,525)