First Hawaiian (FHB) 10-Q25 Oct 192019 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2019	Oct. 17, 2019
Document and Entity Information
Entity Registrant Name	FIRST HAWAIIAN, INC.
Entity Central Index Key	0000036377
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	001-14585
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	99-0156159
Entity Address, Address Line One	999 Bishop Street, 29th Floor
Entity Address, City or Town	Honolulu
Entity Address, State or Province	HI
Entity Address, Postal Zip Code	96813
City Area Code	808
Local Phone Number	525-7000
Title of 12(b) Security	Common Stock
Trading Symbol	FHB
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		130,977,395
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest income
Loans and lease financing	$ 144,691	$ 135,394	$ 435,980	$ 389,228
Available-for-sale securities	22,256	25,196	71,526	81,586
Other	3,234	3,462	9,054	7,193
Total interest income	170,181	164,052	516,560	478,007
Interest expense
Deposits	22,753	20,205	69,643	52,824
Short-term and long-term borrowings	4,347	2,589	13,134	2,850
Total interest expense	27,100	22,794	82,777	55,674
Net interest income	143,081	141,258	433,783	422,333
Provision for loan and lease losses		4,460	9,550	16,430
Net interest income after provision for loan and lease losses	143,081	136,798	424,233	405,903
Noninterest income
Service charges on deposit accounts	8,554	7,933	24,737	23,609
Credit and debit card fees	16,839	16,535	50,123	48,961
Other service charges and fees	8,903	9,578	27,435	28,553
Trust and investment services income	8,698	7,487	26,247	23,429
Bank-owned life insurance	5,743	3,692	12,946	8,131
Investment securities losses, net			(2,592)
Other	1,243	2,180	6,929	13,219
Total noninterest income	49,980	47,405	145,825	145,902
Noninterest expense
Salaries and employee benefits	44,955	41,959	132,000	125,755
Contracted services and professional fees	14,649	11,478	42,597	36,770
Occupancy	7,250	6,757	21,522	20,149
Equipment	4,024	4,181	12,852	13,104
Regulatory assessment and fees	1,992	3,966	5,588	12,164
Advertising and marketing	1,647	1,060	5,593	3,126
Card rewards program	6,930	5,805	21,326	17,882
Other	12,019	17,941	37,901	46,649
Total noninterest expense	93,466	93,147	279,379	275,599
Income before provision for income taxes	99,595	91,056	290,679	276,206
Provision for income taxes	25,396	23,668	74,123	71,807
Net income	$ 74,199	$ 67,388	$ 216,556	$ 204,399
Basic earnings per share (in dollars per share)	$ 0.56	$ 0.50	$ 1.62	$ 1.48
Diluted earnings per share (in dollars per share)	$ 0.56	$ 0.50	$ 1.61	$ 1.48
Basic weighted-average outstanding shares (in shares)	132,583,902	135,466,669	133,957,192	137,643,005
Diluted weighted-average outstanding shares (in shares)	132,877,769	135,675,498	134,231,762	137,809,573

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Consolidated Statements of Comprehensive Income
Net income	$ 74,199	$ 67,388	$ 216,556	$ 204,399
Other comprehensive income (loss), net of tax:
Net change in pensions and other benefits			(594)
Net change in investment securities	13,210	(22,420)	114,015	(89,236)
Net change in cash flow derivative hedges		131		988
Other comprehensive income (loss)	13,210	(22,289)	113,421	(88,248)
Total comprehensive income	$ 87,409	$ 45,099	$ 329,977	$ 116,151

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 358,863	$ 396,836
Interest-bearing deposits in other banks	985,154	606,801
Investment securities	4,157,082	4,498,342
Loans held for sale	1,594	432
Loans and leases	12,843,396	13,076,191
Less: allowance for loan and lease losses	132,964	141,718
Net loans and leases	12,710,432	12,934,473
Premises and equipment, net	315,309	304,996
Other real estate owned and repossessed personal property	82	751
Accrued interest receivable	44,671	48,920
Bank-owned life insurance	453,410	446,076
Goodwill	995,492	995,492
Mortgage servicing rights	13,630	16,155
Other assets	562,501	446,404
Total assets	20,598,220	20,695,678
Deposits:
Interest-bearing	11,136,424	11,142,127
Noninterest-bearing	5,720,822	6,007,941
Total deposits	16,857,246	17,150,068
Short-term borrowings	400,000
Long-term borrowings	200,018	600,026
Retirement benefits payable	128,442	127,909
Other liabilities	357,956	292,836
Total liabilities	17,943,662	18,170,839
Commitments and contingent liabilities (Note 13)
Stockholders' equity
Common stock ($0.01 par value; authorized 300,000,000 shares; issued/outstanding: 139,908,699 / 131,260,900 as of September 30, 2019; issued/outstanding: 139,656,674 / 134,874,302 as of December 31, 2018)	1,399	1,397
Additional paid-in capital	2,501,324	2,495,853
Retained earnings	403,317	291,919
Accumulated other comprehensive loss, net	(18,774)	(132,195)
Treasury stock (8,647,799 shares as of September 30, 2019 and 4,782,372 shares as of December 31, 2018)	(232,708)	(132,135)
Total stockholders' equity	2,654,558	2,524,839
Total liabilities and stockholders' equity	$ 20,598,220	$ 20,695,678

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
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)	139,908,699	139,656,674
Common stock outstanding (in shares)	131,260,900	134,874,302
Treasury stock (in shares)	8,647,799	4,782,372

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated other comprehensive Income (loss)	Treasury Stock	Total
Increase (Decrease) in Stockholders' Equity
Adoption of Accounting Standards Update No. 2018-02			$ 20,068	$ (20,068)
Balance, beginning at Dec. 31, 2017	$ 1,396	$ 2,488,643	139,177	(96,383)	$ (282)	$ 2,532,551
Balance (in shares) at Dec. 31, 2017	139,588,782
Increase (Decrease) in Stockholders' Equity
Net income			204,399			204,399
Cash dividends declared			(98,666)			(98,666)
Equity-based awards	$ 1	5,451	(515)		(53)	4,884
Equity-based awards (in shares)	42,475
Other comprehensive income (loss), net of tax				(88,248)		(88,248)
Common stock issued under Employee Stock Purchase Plan		342				342
Common stock issued under Employee Stock Purchase Plan (in shares)	12,341
Common stock repurchased					(131,800)	(131,800)
Common stock repurchased (in shares)	(4,769,870)
Balance, ending at Sep. 30, 2018	$ 1,397	2,494,436	264,463	(204,699)	(132,135)	2,423,462
Balance (in shares) at Sep. 30, 2018	134,873,728
Balance, beginning at Jun. 30, 2018	$ 1,396	2,492,656	229,615	(182,410)	(82,082)	2,459,175
Balance (in shares) at Jun. 30, 2018	136,642,060
Increase (Decrease) in Stockholders' Equity
Net income			67,388			67,388
Cash dividends declared			(32,370)			(32,370)
Equity-based awards	$ 1	1,780	(170)		(53)	1,558
Equity-based awards (in shares)	33,469
Other comprehensive income (loss), net of tax				(22,289)		(22,289)
Common stock repurchased					(50,000)	(50,000)
Common stock repurchased (in shares)	(1,801,801)
Balance, ending at Sep. 30, 2018	$ 1,397	2,494,436	264,463	(204,699)	(132,135)	2,423,462
Balance (in shares) at Sep. 30, 2018	134,873,728
Balance, beginning at Dec. 31, 2018	$ 1,397	2,495,853	291,919	(132,195)	(132,135)	$ 2,524,839
Balance (in shares) at Dec. 31, 2018	134,874,302					134,874,302
Increase (Decrease) in Stockholders' Equity
Net income			216,556			$ 216,556
Cash dividends declared			(104,392)			(104,392)
Equity-based awards	$ 2	5,471	(766)		(1,764)	2,943
Equity-based awards (in shares)	185,736
Other comprehensive income (loss), net of tax				113,421		113,421
Common stock repurchased					(98,809)	(98,809)
Common stock repurchased (in shares)	(3,799,138)
Balance, ending at Sep. 30, 2019	$ 1,399	2,501,324	403,317	(18,774)	(232,708)	$ 2,654,558
Balance (in shares) at Sep. 30, 2019	131,260,900					131,260,900
Balance, beginning at Jun. 30, 2019	$ 1,399	2,499,946	363,748	(31,984)	(173,668)	$ 2,659,441
Balance (in shares) at Jun. 30, 2019	133,508,212
Increase (Decrease) in Stockholders' Equity
Net income			74,199			74,199
Cash dividends declared			(34,408)			(34,408)
Equity-based awards		1,378	(222)		(231)	925
Equity-based awards (in shares)	41,980
Other comprehensive income (loss), net of tax				13,210		13,210
Common stock repurchased					(58,809)	(58,809)
Common stock repurchased (in shares)	(2,289,292)
Balance, ending at Sep. 30, 2019	$ 1,399	$ 2,501,324	$ 403,317	$ (18,774)	$ (232,708)	$ 2,654,558
Balance (in shares) at Sep. 30, 2019	131,260,900					131,260,900

Consolidated Statements of St_2

Consolidated Statements of Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Consolidated Statements of Stockholders' Equity
Cash dividends declared (in dollars per share)	$ 0.26	$ 0.24	$ 0.78	$ 0.72

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income	$ 216,556	$ 204,399
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan and lease losses	9,550	16,430
Depreciation, amortization and accretion, net	49,976	41,893
Deferred income taxes	19,124	2,208
Stock-based compensation	4,707	4,884
Other losses (gains)	18	(897)
Originations of loans held for sale	(12,960)	(28,472)
Proceeds from sales of loans held for sale	11,856	28,614
Net losses (gains) on sales of loans originated for investment and held for sale	1,156	(148)
Net losses on investment securities	2,592
Change in assets and liabilities:
Net (increase) decrease in other assets	(46,083)	5,573
Net decrease in other liabilities	(85,425)	(8,973)
Net cash provided by operating activities	171,067	265,511
Available-for-sale securities:
Proceeds from maturities and principal repayments	536,058	637,538
Proceeds from calls and sales	943,630
Purchases	(999,490)	(130,251)
Other investments:
Proceeds from sales	9,238	10,333
Purchases	(19,429)	(45,432)
Loans:
Net decrease (increase) in loans and leases resulting from originations and principal repayments	55,138	(171,306)
Proceeds from sales of loans originated for investment	407,698	562
Purchases of loans	(247,711)	(158,616)
Proceeds from bank-owned life insurance	5,612	1,154
Purchases of premises, equipment and software	(22,370)	(13,495)
Purchases of mortgage servicing rights		(6,444)
Proceeds from sales of other real estate owned	759	332
Other	(2,023)	(2,054)
Net cash provided by investing activities	667,110	122,321
Cash flows from financing activities
Net decrease in deposits	(292,822)	(922,849)
Net increase in short-term borrowings		30,000
Proceeds from long-term borrowings		400,000
Repayment of long-term borrowings	(10)	(10)
Dividends paid	(104,392)	(98,666)
Stock tendered for payment of withholding taxes	(1,764)
Proceeds from employee stock purchase plan		342
Common stock repurchased	(98,809)	(131,800)
Net cash used in financing activities	(497,797)	(722,983)
Net increase (decrease) in cash and cash equivalents	340,380	(335,151)
Cash and cash equivalents at beginning of period	1,003,637	1,034,644
Cash and cash equivalents at end of period	1,344,017	699,493
Supplemental disclosures
Interest paid	80,886	56,430
Income taxes paid, net of income tax refunds	69,173	29,204
Noncash investing and financing activities:
Transfers from loans and leases to other real estate owned	75	$ 143
Operating lease right-of-use assets obtained in exchange for new lease obligations	1,401
Transfers from loans and leases to loans held for sale	$ 408,912

Organization and Basis of Prese

Organization and Basis of Presentation	9 Months Ended
Organization and Basis of Presentation	Sep. 30, 2019
Organization and Basis of Presentation.
Organization and Basis of Presentation	1. Organization and Basis of Presentation First Hawaiian, Inc. (“FHI” or the “Parent”), a bank holding company, owns 100% of the outstanding common stock of First Hawaiian Bank (“FHB” or the “Bank”), its only direct, wholly owned subsidiary. FHB offers a comprehensive suite of banking services to consumer and commercial customers including loans, deposit products, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. The accompanying unaudited interim consolidated financial statements of First Hawaiian, Inc. and Subsidiary (the “Company”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The accompanying unaudited interim consolidated financial statements and notes thereto should be read in conjunction with the Company’s audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. In the opinion of management, all adjustments, which consist of normal recurring adjustments necessary for a fair presentation of the interim period consolidated financial information, have been made. Results of operations for interim periods are not necessarily indicative of results to be expected for the entire year. Intercompany account balances and transactions have been eliminated in consolidation. Transition to an Independent Public Company On July 1, 2016, FHI became a direct wholly owned subsidiary of BancWest Corporation (“BWC”), a Delaware corporation and an indirect wholly owned subsidiary of BNP Paribas (“BNPP”). In connection with FHI’s initial public offering (“IPO”) in August 2016, BNPP announced its intent to sell its interest in FHI, including FHI’s wholly owned subsidiary, FHB, over time, subject to market conditions and other considerations. Following a series of secondary offerings completed in 2017 and 2018, on February 1, 2019, BWC completed the sale of its remaining 24,859,750 shares of FHI common stock in a public offering. FHI did not receive any of the proceeds from the sales of shares of FHI common stock in that offering, in any of the secondary offerings described above or the IPO. As a result of the completion of the February 1, 2019 public offering, BNPP (through BWC, the selling stockholder) fully exited its ownership interest in FHI common stock. Use of Estimates in the Preparation of Financial Statements The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and various other assumptions believed to be reasonable. Although these estimates are based on management’s best knowledge of current events, actual results may differ from these estimates. Accounting Standards Adopted in 2019 In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) leases as well as no reassessment of lease classification for existing leases and the practical expedient which permitted the Company to not separate nonlease components from lease components in determining the consideration in the lease agreement when the Company was a lessee or a lessor. The Company identified the primary lease agreements in scope of this new guidance as those relating to branch premises. As a result, the Company recognized a lease liability of $50.3 million and a related right-of-use asset of $50.6 million on its consolidated balance sheet on January 1, 2019. See “Note 16. Leases” for required disclosures related to this new guidance. In March 2017, the FASB issued ASU No. 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815), Targeted Improvements to Accounting for Hedging Activities In August 2018, the FASB issued ASU No. 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract In October 2018, the FASB issued ASU No. 2018-16, Derivatives and Hedging (Topic 815), Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes Recent Accounting Pronouncements The following ASUs have been issued by the FASB and are applicable to the Company in future reporting periods. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments The implementation of CECL will require significant operational changes, particularly in data collection and analysis. The Company formed a working group comprised of teams from different disciplines, including credit, finance and information technology, to evaluate the requirements of the new standard and the impact it will have on the Company’s current processes. The Company also engaged a software vendor and has run several CECL parallel productions during 2019. Based on the Company’s portfolio balances and forecasted economic conditions as of September 30, 2019, management believes that the adoption of the CECL standard could result in an increase in the ACL of approximately 10% to 15%, as compared to the Company’s current reserve levels. The estimated impact of the implementation of the CECL standard is based on the current state of our end-to-end CECL process. However, certain processes are still under development, including refinement of certain models, the qualitative framework, internal control design, testing, model validation and the build-out of the operational control structure supporting the end-to-end process. Federal banking regulatory agencies have also provided relief for an initial capital decrease at adoption by allowing for an election of the impact to be phased-in over three years on a straight-line basis. The change in the ACL to be recorded on January 1, 2020, may differ, possibly materially, from the Company’s current estimate due to further process refinement, as well as the loan portfolio composition quality at the adoption date, changes in the macroeconomic conditions and forecasts at that time, and additional accounting or supervisory guidance that may be issued prior to the effective date which could impact the Company’s practices for the sound application of the new standard. In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350), Simplifying the Test for Goodwill Impairment In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820), Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement

Investment Securities

Investment Securities	9 Months Ended
Investment Securities	Sep. 30, 2019
Investment Securities
Investment Securities	2. Investment Securities As of September 30, 2019 and December 31, 2018, investment securities consisted predominantly of the following investment categories: U.S. Treasury and debt securities Mortgage-backed securities Collateralized mortgage obligations Debt securities issued by states and political subdivisions As of September 30, 2019 and December 31, 2018, all of the Company’s investment securities were classified as available-for-sale. Amortized cost and fair value of securities as of September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 December 31, 2018 Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Cost Gains Losses Value U.S. Treasury securities $ 29,653 $ 85 $ — $ 29,738 $ 389,470 $ — $ — $ 389,470 Government agency debt securities 24,387 85 — 24,472 — — — — Government-sponsored enterprises debt securities 126,696 28 (75) 126,649 248,372 — (6,778) 241,594 Government agency mortgage-backed securities 342,326 2,738 (1,159) 343,905 426,710 — (15,174) 411,536 Government-sponsored enterprises mortgage-backed securities 366,346 6,831 (1,228) 371,949 156,056 85 (5,294) 150,847 Collateralized mortgage obligations: Government agency 2,479,961 13,900 (7,337) 2,486,524 2,779,620 — (97,171) 2,682,449 Government-sponsored enterprises 773,755 3,964 (3,874) 773,845 620,337 — (17,745) 602,592 Debt securities issued by states and political subdivisions — — — — 19,854 — — 19,854 Total available-for-sale securities $ 4,143,124 $ 27,631 $ (13,673) $ 4,157,082 $ 4,640,419 $ 85 $ (142,162) $ 4,498,342 Proceeds from calls and sales of investment securities were $38.0 million and nil, respectively, for the three months ended September 30, 2019 and $38.0 million and $905.6 million, respectively, for the nine months ended September 30, 2019. Proceeds from both calls and sales of investment securities were nil for both the three and nine months ended September 30, 2018. The Company recorded no gross realized gains and no gross realized losses for the three months ended September 30, 2019 and gross realized gains of $0.1 million and gross realized losses of $2.7 million for the nine months ended September 30, 2019. The Company recorded no gross realized gains and no gross realized losses for the three and nine months ended September 30, 2018. The income tax expense related to the Company’s net realized gain on the sale of investment securities was nil for the three months ended September 30, 2019. The income tax benefit related to the Company’s net realized loss on the sale of investment securities was $0.7 million for the nine months ended September 30, 2019. No provision for income taxes related to net realized gains on the sale of investment securities was recorded for the three and nine months ended September 30, 2018. Gains and losses realized on sales of securities are determined using the specific identification method. Interest income from taxable investment securities was $22.3 million and $25.1 million for the three months ended September 30, 2019 and 2018, respectively, and $71.5 million and $81.2 million for the nine months ended September 30, 2019 and 2018, respectively. Interest income from non-taxable investment securities was nil and $0.1 million for the three months ended September 30, 2019 and 2018, respectively, and nil and $0.4 million for the nine months ended September 30, 2019 and 2018, respectively. The amortized cost and fair value of debt securities issued by the U.S. Treasury and government-sponsored enterprises as of September 30, 2019, by contractual maturity, are shown below. Debt securities issued by government agencies, mortgage-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, 2019 Amortized Fair (dollars in thousands) Cost Value Due in one year or less $ 29,653 $ 29,738 Due after one year through five years 126,696 126,649 Due after five years through ten years — — Due after ten years — — 156,349 156,387 Government agency debt securities 24,387 24,472 Government agency mortgage-backed securities 342,326 343,905 Government-sponsored enterprises mortgage-backed securities 366,346 371,949 Collateralized mortgage obligations: Government agency 2,479,961 2,486,524 Government-sponsored enterprises 773,755 773,845 Total collateralized mortgage obligations 3,253,716 3,260,369 Total available-for-sale securities $ 4,143,124 $ 4,157,082 At September 30, 2019, pledged securities totaled $2.0 billion, of which $1.8 billion was pledged to secure public deposits and $239.1 million was pledged to secure other financial transactions. At December 31, 2018, pledged securities totaled $2.0 billion, of which $1.7 billion was pledged to secure public deposits and $232.7 million was pledged to secure other financial transactions. The Company held no securities of any single issuer, other than debt securities issued by the U.S. government, government agencies and government-sponsored enterprises, taken in the aggregate, which were in excess of 10% of stockholders’ equity as of September 30, 2019 and December 31, 2018. 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 90 and 154 individual securities in each category have been in a continuous loss position as of September 30, 2019 and December 31, 2018, respectively. The unrealized losses on investment securities were attributable to changes in interest rates, relative to when the investment securities were purchased, and not due to the credit quality of the investment securities. Time in Continuous Loss as of September 30, 2019 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 $ (75) $ 24,917 $ — $ — $ (75) $ 24,917 Government agency mortgage-backed securities — — (1,159) 115,069 (1,159) 115,069 Government-sponsored enterprises mortgage-backed securities — — (1,228) 115,456 (1,228) 115,456 Collateralized mortgage obligations: Government agency (820) 407,961 (6,517) 652,211 (7,337) 1,060,172 Government-sponsored enterprises (161) 107,250 (3,713) 226,823 (3,874) 334,073 Total available-for-sale securities with unrealized losses $ (1,056) $ 540,128 $ (12,617) $ 1,109,559 $ (13,673) $ 1,649,687 Time in Continuous Loss as of December 31, 2018 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 $ — $ — $ (6,778) $ 157,939 $ (6,778) $ 157,939 Government agency mortgage-backed securities — — (15,174) 373,891 (15,174) 373,891 Government-sponsored enterprises mortgage-backed securities (1) 172 (5,293) 125,869 (5,294) 126,041 Collateralized mortgage obligations: Government agency — — (97,171) 2,475,532 (97,171) 2,475,532 Government-sponsored enterprises — — (17,745) 486,175 (17,745) 486,175 Total available-for-sale securities with unrealized losses $ (1) $ 172 $ (142,161) $ 3,619,406 $ (142,162) $ 3,619,578 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, 2019, 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 December 31, 2018, the Company had the intent to sell 48 securities with an aggregated amortized cost basis of $898.2 million. As a result, the Company recorded an OTTI write-down of $24.1 million in December 2018. The OTTI write-down represented the difference between the amortized cost basis and the fair value of the securities as of December 31, 2018. In January 2019, the Company completed its sale of the 48 securities and recorded an additional loss of $2.6 million. Visa Class B Restricted Shares In 2008, the Company received 394,000 Visa Class B restricted shares as part of Visa’s IPO. Visa Class B restricted shares are not currently convertible to publicly traded Visa Class A common shares, and only transferable in limited circumstances, until the settlement of certain litigation which are indemnified by Visa members, including the Company. As there are existing transfer restrictions and the outcome of the aforementioned litigation is uncertain, these shares were included in the consolidated balance sheets at their historical cost of $0. In 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 rate to unrestricted Class A common shares. On June 28, 2018, Visa additionally funded its litigation escrow account, thereby reducing each member bank’s Class B conversion rate to unrestricted Class A common shares. Accordingly, on July 5, 2018, Visa announced a decrease in conversion rate from 1.6483 to 1.6298, effective June 28, 2018. In July 2018, the Company made a payment of approximately $0.7 million to the buyer as a result of the reduction in the Visa Class B conversion rate. On September 27, 2019, Visa additionally funded its litigation escrow account, thereby further reducing each member bank’s Class B conversion rate to unrestricted Class A common shares. Accordingly, on September 30, 2019, Visa announced a decrease in conversion rate from 1.6298 to 1.6228, effective September 27, 2019. As of September 30, 2019, the Company recorded an estimated $0.3 million liability to be paid to the buyer as a result of the reduction in the Visa Class B conversion rate. See “Note 12. Derivative Financial Instruments” for more information. The Company held approximately 120,000 Visa Class B restricted shares as of both September 30, 2019 and December 31, 2018. These shares continued to be carried at $0 cost basis during each of the respective periods.

Loans and Leases

Loans and Leases	9 Months Ended
Loans and Leases	Sep. 30, 2019
Loans and Leases.
Loans and Leases	3. Loans and Leases As of September 30, 2019 and December 31, 2018, loans and leases were comprised of the following: September 30, December 31, (dollars in thousands) 2019 2018 Commercial and industrial $ 2,654,077 $ 3,208,760 Commercial real estate 3,309,389 2,990,783 Construction 486,977 626,757 Residential: Residential mortgage 3,671,424 3,527,101 Home equity line 916,106 912,517 Total residential 4,587,530 4,439,618 Consumer 1,637,549 1,662,504 Lease financing 167,874 147,769 Total loans and leases $ 12,843,396 $ 13,076,191 As of September 30, 2019, residential real estate loans totaling $2.9 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 $675.3 million were pledged to collateralize the Company’s borrowing capacity at the Federal Reserve Bank of San Francisco (“FRB”). As of December 31, 2018, 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 $957.0 million were pledged to collateralize the Company’s borrowing capacity at the FRB. Residential real estate loans collateralized by properties that were in the process of foreclosure totaled $4.6 million at both September 30, 2019 and December 31, 2018. At September 30, 2019 and December 31, 2018, remaining loan and lease commitments were comprised of the following: September 30, December 31, (dollars in thousands) 2019 2018 Commercial and industrial $ 2,452,918 $ 2,484,857 Commercial real estate 126,033 114,186 Construction 627,675 526,938 Residential: Residential mortgage 327 121 Home equity line 1,045,455 913,636 Total residential 1,045,782 913,757 Consumer 1,561,670 1,509,853 Total loan and lease commitments $ 5,814,078 $ 5,549,591

Allowance for Loan and Lease Lo

Allowance for Loan and Lease Losses	9 Months Ended
Allowance for Loan and Lease Losses	Sep. 30, 2019
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 classes 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 residential mortgages including 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 and class taking into consideration portfolio segment-specific and class-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 interim 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, 2019 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ 31,688 $ 22,204 $ 5,014 $ 446 $ 43,420 $ 33,638 $ 2,125 $ 138,535 Charge-offs (514) — — — (7) (8,015) — (8,536) Recoveries 241 30 — — 425 2,269 — 2,965 Increase (decrease) in Provision (4,098) (358) (361) (54) 241 5,838 (1,208) — Balance at end of period $ 27,317 $ 21,876 $ 4,653 $ 392 $ 44,079 $ 33,730 $ 917 $ 132,964 Nine Months Ended September 30, 2019 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ 34,501 $ 19,725 $ 5,813 $ 432 $ 44,906 $ 35,813 $ 528 $ 141,718 Charge-offs (2,514) — — (24) (7) (24,118) — (26,663) Recoveries 303 93 — — 860 7,103 — 8,359 Increase (decrease) in Provision (4,973) 2,058 (1,160) (16) (1,680) 14,932 389 9,550 Balance at end of period $ 27,317 $ 21,876 $ 4,653 $ 392 $ 44,079 $ 33,730 $ 917 $ 132,964 Three Months Ended September 30, 2018 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ 35,239 $ 20,507 $ 7,606 $ 557 $ 43,925 $ 31,509 $ 1,258 $ 140,601 Charge-offs (303) — — — (125) (5,700) — (6,128) Recoveries 51 21 — — 442 1,803 — 2,317 Increase (decrease) in Provision (1,551) 286 (1,388) (29) 147 6,381 614 4,460 Balance at end of period $ 33,436 $ 20,814 $ 6,218 $ 528 $ 44,389 $ 33,993 $ 1,872 $ 141,250 Nine Months Ended September 30, 2018 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ 34,006 $ 18,044 $ 6,817 $ 611 $ 42,852 $ 31,249 $ 3,674 $ 137,253 Charge-offs (778) — — — (159) (18,615) — (19,552) Recoveries 154 175 — — 684 6,106 — 7,119 Increase (decrease) in Provision 54 2,595 (599) (83) 1,012 15,253 (1,802) 16,430 Balance at end of period $ 33,436 $ 20,814 $ 6,218 $ 528 $ 44,389 $ 33,993 $ 1,872 $ 141,250 The disaggregation of the Allowance and recorded investment in loans by impairment methodology as of September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 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 $ 106 $ 25 $ — $ — $ 284 $ — $ — $ 415 Collectively evaluated for impairment 27,211 21,851 4,653 392 43,795 33,730 917 132,549 Balance at end of period $ 27,317 $ 21,876 $ 4,653 $ 392 $ 44,079 $ 33,730 $ 917 $ 132,964 Loans and leases: Individually evaluated for impairment $ 8,239 $ 3,577 $ — $ — $ 14,539 $ 200 $ — $ 26,555 Collectively evaluated for impairment 2,645,838 3,305,812 486,977 167,874 4,572,991 1,637,349 — 12,816,841 Balance at end of period $ 2,654,077 $ 3,309,389 $ 486,977 $ 167,874 $ 4,587,530 $ 1,637,549 $ — $ 12,843,396 December 31, 2018 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 $ 108 $ 32 $ — $ — $ 396 $ — $ — $ 536 Collectively evaluated for impairment 34,393 19,693 5,813 432 44,510 35,813 528 141,182 Balance at end of period $ 34,501 $ 19,725 $ 5,813 $ 432 $ 44,906 $ 35,813 $ 528 $ 141,718 Loans and leases: Individually evaluated for impairment $ 8,719 $ 5,743 $ — $ — $ 16,114 $ — $ — $ 30,576 Collectively evaluated for impairment 3,200,041 2,985,040 626,757 147,769 4,423,504 1,662,504 — 13,045,615 Balance at end of period $ 3,208,760 $ 2,990,783 $ 626,757 $ 147,769 $ 4,439,618 $ 1,662,504 $ — $ 13,076,191 Credit Quality The Company performs an internal loan review and grading on an ongoing basis. The review provides management with periodic information as to the quality of the loan portfolio and effectiveness of the Company’s lending policies and procedures. The objective of the loan review and grading procedures is to identify, in a timely manner, existing or emerging credit quality problems so that appropriate steps can be initiated to avoid or minimize future losses. Loans subject to grading include: commercial and industrial loans, commercial and standby letters of credit, installment loans to businesses or individuals for business and commercial purposes, commercial real estate loans, overdraft lines of credit, commercial credit cards, and other credits as may be determined. Loans which are not subject to grading include loans that are 100% sold with no recourse to the Company, consumer installment loans, indirect automobile loans, credit cards, home equity lines of credit and residential mortgage loans. Residential real estate 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 Special Mention Substandard Doubtful Loss The credit risk profiles by internally assigned grade for loans and leases as of September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Total Grade: Pass $ 2,498,746 $ 3,139,428 $ 483,535 $ 166,880 $ 6,288,589 Special mention 119,553 125,082 308 878 245,821 Substandard 35,778 44,879 3,134 116 83,907 Total $ 2,654,077 $ 3,309,389 $ 486,977 $ 167,874 $ 6,618,317 December 31, 2018 Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Total Grade: Pass $ 3,069,546 $ 2,876,907 $ 625,607 $ 146,356 $ 6,718,416 Special mention 57,012 91,298 200 1,223 149,733 Substandard 82,010 22,578 950 190 105,728 Doubtful 192 — — — 192 Total $ 3,208,760 $ 2,990,783 $ 626,757 $ 147,769 $ 6,974,069 There were no loans and leases graded as Loss as of September 30, 2019 and December 31, 2018. The credit risk profiles based on payment activity for loans and leases that were not subject to loan grading as of September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 (dollars in thousands) Residential Mortgage Home Equity Line Consumer Consumer - Auto Credit Cards Total Performing $ 3,663,274 $ 910,032 $ 230,849 $ 1,029,124 $ 343,814 $ 6,177,093 Non-performing and delinquent 8,150 6,074 6,032 22,242 5,488 47,986 Total $ 3,671,424 $ 916,106 $ 236,881 $ 1,051,366 $ 349,302 $ 6,225,079 December 31, 2018 (dollars in thousands) Residential Mortgage Home Equity Line Consumer Consumer - Auto Credit Cards Total Performing $ 3,519,172 $ 903,284 $ 234,458 $ 1,044,393 $ 339,162 $ 6,040,469 Non-performing and delinquent 7,929 9,233 5,448 33,739 5,304 61,653 Total $ 3,527,101 $ 912,517 $ 239,906 $ 1,078,132 $ 344,466 $ 6,102,122 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, 2019 and December 31, 2018 were as follows: September 30, 2019 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 $ 1,426 $ 1,204 $ 750 $ 3,380 $ 2,650,685 $ 2,654,065 $ 12 $ 2,654,077 Commercial real estate 699 80 — 779 3,308,577 3,309,356 33 3,309,389 Construction — 3,169 — 3,169 483,808 486,977 — 486,977 Lease financing — — — — 167,874 167,874 — 167,874 Residential mortgage 2,499 1,553 139 4,191 3,663,274 3,667,465 3,959 3,671,424 Home equity line 1,933 949 3,192 6,074 910,032 916,106 — 916,106 Consumer 24,375 6,111 3,076 33,562 1,603,787 1,637,349 200 1,637,549 Total $ 30,932 $ 13,066 $ 7,157 $ 51,155 $ 12,788,037 $ 12,839,192 $ 4,204 $ 12,843,396 December 31, 2018 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 $ 1,293 $ — $ 141 $ 1,434 $ 3,207,052 $ 3,208,486 $ 274 $ 3,208,760 Commercial real estate — — — — 2,989,125 2,989,125 1,658 2,990,783 Construction 91 — — 91 626,666 626,757 — 626,757 Lease financing 47 — — 47 147,722 147,769 — 147,769 Residential mortgage 2,274 1,012 32 3,318 3,519,172 3,522,490 4,611 3,527,101 Home equity line 5,616 775 2,842 9,233 903,284 912,517 — 912,517 Consumer 32,406 8,712 3,373 44,491 1,618,013 1,662,504 — 1,662,504 Total $ 41,727 $ 10,499 $ 6,388 $ 58,614 $ 13,011,034 $ 13,069,648 $ 6,543 $ 13,076,191 The total carrying amounts and the total unpaid principal balances of impaired loans and leases as of September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 Unpaid Recorded Principal Related (dollars in thousands) Investment Balance Allowance Impaired loans with no related allowance recorded: Commercial and industrial $ 2,498 $ 2,510 $ — Commercial real estate 2,876 2,876 — Residential mortgage 8,454 8,519 — Consumer 200 632 — Total $ 14,028 $ 14,537 $ — Impaired loans with a related allowance recorded: Commercial and industrial $ 5,741 $ 5,741 $ 106 Commercial real estate 701 701 25 Residential mortgage 6,085 6,471 284 Total $ 12,527 $ 12,913 $ 415 Total impaired loans: Commercial and industrial $ 8,239 $ 8,251 $ 106 Commercial real estate 3,577 3,577 25 Residential mortgage 14,539 14,990 284 Consumer 200 632 — Total $ 26,555 $ 27,450 $ 415 December 31, 2018 Unpaid Recorded Principal Related (dollars in thousands) Investment Balance Allowance Impaired loans with no related allowance recorded: Commercial and industrial $ 4,449 $ 4,498 $ — Commercial real estate 5,016 5,016 — Residential mortgage 9,112 9,426 — Total $ 18,577 $ 18,940 $ — Impaired loans with a related allowance recorded: Commercial and industrial $ 4,270 $ 4,270 $ 108 Commercial real estate 727 727 32 Residential mortgage 7,002 7,387 396 Total $ 11,999 $ 12,384 $ 536 Total impaired loans: Commercial and industrial $ 8,719 $ 8,768 $ 108 Commercial real estate 5,743 5,743 32 Residential mortgage 16,114 16,813 396 Total $ 30,576 $ 31,324 $ 536 The following tables provide information with respect to the Company’s average balances, and of interest income recognized from, impaired loans for the three and nine months ended September 30, 2019 and 2018: Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 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 $ 3,888 $ 38 $ 3,653 $ 123 Commercial real estate 2,946 38 3,524 250 Residential mortgage 8,065 88 8,365 280 Consumer 100 — 50 — Total $ 14,999 $ 164 $ 15,592 $ 653 Impaired loans with a related allowance recorded: Commercial and industrial $ 4,673 $ 94 $ 5,325 $ 301 Commercial real estate 706 10 714 30 Residential mortgage 6,608 98 6,882 297 Total $ 11,987 $ 202 $ 12,921 $ 628 Total impaired loans: Commercial and industrial $ 8,561 $ 132 $ 8,978 $ 424 Commercial real estate 3,652 48 4,238 280 Residential mortgage 14,673 186 15,247 577 Consumer 100 — 50 — Total $ 26,986 $ 366 $ 28,513 $ 1,281 Three Months Ended Nine Months Ended September 30, 2018 September 30, 2018 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 $ 8,830 $ 38 $ 13,149 $ 141 Commercial real estate 7,671 47 8,587 116 Construction 2,120 12 1,560 12 Residential mortgage 10,069 132 9,416 399 Total $ 28,690 $ 229 $ 32,712 $ 668 Impaired loans with a related allowance recorded: Commercial and industrial $ 5,605 $ 136 $ 2,875 $ 402 Commercial real estate 1,106 17 996 51 Residential mortgage 7,238 77 7,461 248 Total $ 13,949 $ 230 $ 11,332 $ 701 Total impaired loans: Commercial and industrial $ 14,435 $ 174 $ 16,024 $ 543 Commercial real estate 8,777 64 9,583 167 Construction 2,120 12 1,560 12 Residential mortgage 17,307 209 16,877 647 Total $ 42,639 $ 459 $ 44,044 $ 1,369 Modifications Commercial and industrial loans modified in a troubled debt restructuring (“TDR”) may involve temporary interest-only payments, term extensions, and converting revolving credit lines to term loans. Modifications of commercial real estate and construction loans in a TDR may involve reducing the interest rate for the remaining term of the loan, extending the maturity date at an interest rate lower than the current market rate for new debt with similar risk, or substituting or adding a new borrower or guarantor. Modifications of construction loans in a TDR may also involve extending the interest-only payment period. Interest continues to accrue on the missed payments and as a result, the effective yield on the loan remains unchanged. As the forbearance period usually involves an insignificant payment delay, lease financing modifications typically do not meet the reporting criteria for a TDR. Residential real estate loans modified in a TDR may be comprised of loans where monthly payments are lowered to accommodate the borrowers' financial needs for a period of time, normally two years. Generally, consumer loans are not classified as a TDR as they are normally charged off upon reaching a predetermined delinquency status that ranges from 120 to 180 days and varies by product type. Loans modified in a TDR may already be on nonaccrual status and in some cases partial charge-offs may have already been taken against the outstanding loan balance. Loans modified in a TDR are evaluated for impairment. As a result, this may have a financial effect of increasing the specific Allowance associated with the loan. An Allowance for impaired commercial loans, including commercial real estate and construction loans, that have been modified in a TDR is measured based on the present value of expected future cash flows discounted at the loan's effective interest rate, the loan's observable market price, or the estimated fair value of the collateral, less any selling costs, if the loan is collateral dependent. An Allowance for impaired residential loans that have been modified in a TDR is measured based on the estimated fair value of the collateral, less any selling costs. Management exercises significant judgment in developing these estimates. The following presents, by class, information related to loans modified in a TDR during the three and nine months ended September 30, 2019 and 2018: Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 Number of Recorded Related Number of Recorded Related (dollars in thousands) Contracts Investment (1) Allowance Contracts Investment (1) Allowance Commercial and industrial — $ — $ — 4 $ 588 $ 26 Residential mortgage 1 609 — 2 957 13 Total 1 $ 609 $ — 6 $ 1,545 $ 39 (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. Three Months Ended Nine Months Ended September 30, 2018 September 30, 2018 Number of Recorded Related Number of Recorded Related (dollars in thousands) Contracts Investment (1) Allowance Contracts Investment (1) Allowance Commercial and industrial — $ — $ — 1 $ 450 $ 12 Residential mortgage 3 883 30 3 883 30 Total 3 $ 883 $ 30 4 $ 1,333 $ 42 (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 an extension of maturity dates, temporary interest-only payments, reduced payments, or below-market interest rates. The Company had commitments to extend credit, standby letters of credit, and commercial letters of credit totaling $6.0 billion and $5.8 billion as of September 30, 2019 and December 31, 2018. Of the $6.0 billion at September 30, 2019, there were commitments of $1.3 million related to borrowers who had loan terms modified in a TDR. Of the $5.8 billion at December 31, 2018, there were commitments of $1.8 million related to borrowers who had loan terms modified in a TDR. The following table presents, by class, loans modified in TDRs that have defaulted in the current period within 12 months of their permanent modification date for the periods indicated. The Company is reporting these defaulted TDRs based on a payment default definition of 30 days past due: Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 September 30, 2018 September 30, 2018 Number of Recorded Number of Recorded Number of Recorded Number of Recorded (dollars in Contracts Investment (1) Contracts Investment (1) Contracts Investment (1) Contracts Investment (1) Commercial and industrial (2) 2 $ 588 4 $ 588 — $ — 2 $ 254 Residential mortgage (3) — — 1 348 — — — — Total 2 $ 588 5 $ 936 — $ — 2 $ 254 (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, 2019, the commercial and industrial loans that subsequently defaulted were temporarily modified to interest-only payments. For the nine months ended September 30, 2018, the maturity dates for the commercial and industrial loans that subsequently defaulted were extended. (3) For the nine months ended September 30, 2019, the maturity date for the residential mortgage loan that subsequently defaulted was extended. Foreclosure Proceedings There was one residential mortgage loan collateralized by real estate property of $0.3 million that was modified in a TDR that was in process of foreclosure as of both September 30, 2019 and December 31, 2018. Foreclosed Property Residential real estate property held from one foreclosed residential mortgage included in other real estate owned and repossessed personal property shown in the unaudited interim consolidated balance sheet was $0.1 million as of September 30, 2019. Residential real estate properties held from one foreclosed residential mortgage loan and one foreclosed home equity line included in other real estate owned and repossessed personal property shown in the unaudited interim consolidated balance sheets were $0.8 million as of December 31, 2018.

Mortgage Servicing Rights

Mortgage Servicing Rights	9 Months Ended
Mortgage Servicing Rights	Sep. 30, 2019
Mortgage Servicing Rights
Mortgage Servicing Rights	5. Mortgage Servicing Rights Mortgage servicing activities include collecting principal, interest, tax, and insurance payments from borrowers while accounting for and remitting payments to investors, taxing authorities, and insurance companies. The Company also monitors delinquencies and administers foreclosure proceedings. Mortgage loan servicing income is recorded in noninterest income as a part of other service charges and fees and amortization of the servicing assets is recorded in noninterest income as part of other income. The unpaid principal amount of residential real estate loans serviced for others was $2.4 billion and $2.7 billion as of September 30, 2019 and December 31, 2018, respectively. Servicing fees include contractually specified fees, late charges, and ancillary fees, and were $1.6 million and $1.7 million for the three months ended September 30, 2019 and 2018, respectively, and $4.8 million and $5.3 million for the nine months ended September 30, 2019 and 2018, respectively. Amortization of mortgage servicing rights (“MSRs”) was $1.0 million for both the three months ended September 30, 2019 and 2018, and $2.6 million and $3.0 million for the nine months ended September 30, 2019 and 2018, respectively. The estimated future amortization expenses for MSRs over the next five years are as follows: Estimated (dollars in thousands) Amortization Under one year $ 2,467 One to two years 2,048 Two to three years 1,693 Three to four years 1,403 Four to five years 1,172 The details of the Company’s MSRs are presented below: September 30, December 31, (dollars in thousands) 2019 2018 Gross carrying amount $ 63,401 $ 63,342 Less: accumulated amortization 49,771 47,187 Net carrying value $ 13,630 $ 16,155 The following table presents changes in amortized MSRs for the three and nine months ended September 30, 2019 and 2018: Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2019 2018 2019 2018 Balance at beginning of period $ 14,573 $ 17,660 $ 16,155 $ 13,196 Originations 35 233 59 262 Purchases — — — 6,444 Amortization (978) (956) (2,584) (2,965) Balance at end of period $ 13,630 $ 16,937 $ 13,630 $ 16,937 Fair value of amortized MSRs at beginning of period $ 23,398 $ 28,344 $ 27,662 $ 21,697 Fair value of amortized MSRs at end of period $ 19,678 $ 27,945 $ 19,678 $ 27,945 MSRs are evaluated for impairment if events and circumstances indicate a possible impairment. No impairment of MSRs was recorded for the nine months ended September 30, 2019 and 2018. The quantitative assumptions used in determining the lower of cost or fair value of the Company’s MSRs as of September 30, 2019 and December 31, 2018 were as follows: September 30, 2019 December 31, 2018 Weighted Weighted Range Average Range Average Conditional prepayment rate 12.41 % - 21.77 % 12.61 % 7.86 % - 19.26 % 8.31 % Life in years (of the MSR) 2.13 - 5.79 5.51 3.43 - 7.68 7.19 Weighted-average coupon rate 3.97 % - 7.31 % 4.02 % 3.97 % - 6.70 % 4.02 % Discount rate 10.00 % - 10.01 % 10.00 % 10.00 % - 10.02 % 10.00 % The sensitivities surrounding MSRs are expected to have an immaterial impact on fair value.

Transfers of Financial Assets

Transfers of Financial Assets	9 Months Ended
Transfers of Financial Assets	Sep. 30, 2019
Transfers of Financial Assets
Transfers of Financial Assets	6. Transfers of Financial Assets The Company’s transfers of financial assets with continuing interest may include pledges of collateral to secure public deposits and repurchase agreements, FHLB and FRB borrowing capacity, automated clearing house (“ACH”) transactions and interest rate swaps. For public deposits and repurchase agreements, the Company enters into bilateral agreements with the entity to pledge investment securities as collateral in the event of default. The right of setoff for a repurchase agreement resembles a secured borrowing, whereby the collateral pledged by the Company would be used to settle the fair value of the repurchase agreement should the Company be in default. The counterparty has the right to sell or repledge the investment securities. The Company is required by the counterparty to maintain adequate collateral levels. In the event the collateral fair value falls below stipulated levels, the Company will pledge additional investment securities. For transfers of assets with the FHLB and the FRB, the Company enters into bilateral agreements to pledge loans as collateral to secure borrowing capacity. For ACH transactions, the Company enters into bilateral agreements to collateralize possible daylight overdrafts. For interest rate swaps, the Company enters into bilateral agreements to pledge collateral when either party is in a negative fair value position to mitigate counterparty credit risk. Counterparties to ACH transactions, certain interest rate swaps, the FHLB and the FRB do not have the right to sell or repledge the collateral. The carrying amounts of the assets pledged as collateral to secure public deposits, borrowing arrangements and other transactions as of September 30, 2019 and December 31, 2018 were as follows: (dollars in thousands) September 30, 2019 December 31, 2018 Public deposits $ 1,775,871 $ 1,749,726 Federal Home Loan Bank 2,858,513 2,497,030 Federal Reserve Bank 675,347 957,017 ACH transactions 151,014 150,903 Interest rate swaps 47,129 28,843 Total $ 5,507,874 $ 5,383,519 As the Company did not enter into reverse repurchase agreements or repurchase agreements, no collateral was accepted or pledged as of September 30, 2019 and December 31, 2018. In addition, no debt was extinguished by in-substance defeasance.

Deposits

Deposits	9 Months Ended
Deposits	Sep. 30, 2019
Deposits
Deposits	7. Deposits As of September 30, 2019 and December 31, 2018, deposits were categorized as interest-bearing or noninterest-bearing as follows: (dollars in thousands) September 30, 2019 December 31, 2018 U.S.: Interest-bearing $ 10,352,703 $ 10,393,449 Noninterest-bearing 5,067,812 5,368,729 Foreign: Interest-bearing 783,721 748,678 Noninterest-bearing 653,010 639,212 Total deposits $ 16,857,246 $ 17,150,068 The following table presents the maturity distribution of time certificates of deposit as of September 30, 2019: Under $250,000 (dollars in thousands) $250,000 or More Total Three months or less $ 241,794 $ 548,437 $ 790,231 Over three through six months 219,641 615,730 835,371 Over six through twelve months 353,128 241,884 595,012 One to two years 110,732 58,906 169,638 Two to three years 117,527 56,303 173,830 Three to four years 51,400 13,113 64,513 Four to five years 69,740 9,224 78,964 Thereafter 34 — 34 Total $ 1,163,996 $ 1,543,597 $ 2,707,593 Time certificates of deposit in denominations of $250,000 or more, in the aggregate, were $1.5 billion and $1.9 billion as of September 30, 2019 and December 31, 2018, respectively. Overdrawn deposit accounts are classified as loans and totaled $2.0 million and $2.4 million as of September 30, 2019 and December 31, 2018, respectively.

Short-Term Borrowings

Short-Term Borrowings	9 Months Ended
Short-Term Borrowings	Sep. 30, 2019
Short-Term Borrowings
Short-Term Borrowings	8. Short-Term Borrowings At September 30, 2019 and December 31, 2018, short-term borrowings were comprised of the following: (dollars in thousands) September 30, 2019 December 31, 2018 Short-term FHLB fixed-rate advances (1) $ 400,000 $ — Total short-term borrowings $ 400,000 $ — (1) Interest is payable monthly. As of September 30, 2019, the Company’s short-term borrowings included $400.0 million in short-term FHLB fixed-rate advances with a weighted average interest rate of 2.84% and maturity dates in 2020. The short-term FHLB fixed-rate advances require monthly interest-only payments with the principal amount due on the maturity date. See “Note 6. Transfers of Financial Assets” for more information.

Long-Term Borrowings

Long-Term Borrowings	9 Months Ended
Long-Term Borrowings	Sep. 30, 2019
Long-Term Borrowings
Long-Term Borrowings	9. Long-Term Borrowings Long-term borrowings consisted of the following as of September 30, 2019 and December 31, 2018: (dollars in thousands) September 30, 2019 December 31, 2018 Finance lease $ 18 $ 26 FHLB fixed-rate advances (1) 200,000 600,000 Total long-term borrowings $ 200,018 $ 600,026 (1) Interest is payable monthly. As of September 30, 2019 and December 31, 2018, the Company’s long-term borrowings included $200.0 million and $600.0 million, respectively, in FHLB fixed-rate advances with a weighted average interest rate of 2.73% and maturity dates ranging from 2023 to 2024. The FHLB fixed-rate advances require monthly interest-only payments with the principal amount due on the maturity date. As of September 30, 2019 and December 31, 2018, the available remaining borrowing capacity with the FHLB was $1.6 billion and $1.3 billion, respectively. The FHLB fixed-rate advances and remaining borrowing capacity were secured by residential real estate loan collateral as of September 30, 2019 and December 31, 2018. See “Note 6. Transfers of Financial Assets” for more information. As of September 30, 2019 and December 31, 2018, the Company’s long-term borrowings included a finance lease obligation with a 6.78% annual interest rate that matures in 2022. As of September 30, 2019, future contractual principal payments and maturities on long-term borrowings were as follows: Principal (dollars in thousands) Payments 2019 $ — 2020 9 2021 9 2022 — 2023 (1) 100,000 Thereafter (2) 100,000 Total $ 200,018 (1) FHLB fixed-rate advance callable on December 4, 2020 with an interest rate of 2.80% . (2) FHLB fixed-rate advance callable on January 15, 2021 with an interest rate of 2.65% .

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
Accumulated Other Comprehensive Loss	Sep. 30, 2019
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss	10. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss is defined as the revenues, expenses, gains and losses that are included in comprehensive income but excluded from net income. The Company’s significant items of accumulated other comprehensive loss are pension and other benefits, net unrealized gains or losses on investment securities and net unrealized gains or losses on cash flow derivative hedges. Changes in accumulated other comprehensive loss for the three and nine months ended September 30, 2019 and 2018 are presented below: Income Tax Pre-tax Benefit Net of (dollars in Amount (Expense) Tax Accumulated other comprehensive loss at June 30, 2019 $ (43,772) $ 11,788 $ (31,984) Three months ended September 30, 2019 Investment securities: Unrealized net gains arising during the period 18,079 (4,869) 13,210 Net change in investment securities 18,079 (4,869) 13,210 Other comprehensive income 18,079 (4,869) 13,210 Accumulated other comprehensive loss at September 30, 2019 $ (25,693) $ 6,919 $ (18,774) Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at December 31, 2018 $ (180,915) $ 48,720 $ (132,195) Nine months ended September 30, 2019 Pension and other benefits: Net actuarial losses arising during the period (813) 219 (594) Net change in pension and other benefits (813) 219 (594) Investment securities: Unrealized net gains arising during the period 153,443 (41,322) 112,121 Reclassification of net losses to net income: Investment securities losses, net 2,592 (698) 1,894 Net change in investment securities 156,035 (42,020) 114,015 Other comprehensive income 155,222 (41,801) 113,421 Accumulated other comprehensive loss at September 30, 2019 $ (25,693) $ 6,919 $ (18,774) Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at June 30, 2018 $ (249,648) $ 67,238 $ (182,410) Three months ended September 30, 2018 Investment securities: Unrealized net losses arising during the period (30,682) 8,262 (22,420) Net change in investment securities (30,682) 8,262 (22,420) Cash flow derivative hedges: Unrealized net gains on cash flow derivative hedges arising during the period 178 (47) 131 Net change in cash flow derivative hedges 178 (47) 131 Other comprehensive loss (30,504) 8,215 (22,289) Accumulated other comprehensive loss at September 30, 2018 $ (280,152) $ 75,453 $ (204,699) Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at December 31, 2017 $ (159,423) $ 63,040 $ (96,383) Nine months ended September 30, 2018 Early adoption of ASU No. 2018-02 — (20,068) (20,068) Investment securities: Unrealized net losses arising during the period (122,070) 32,834 (89,236) Net change in investment securities (122,070) 32,834 (89,236) Cash flow derivative hedges: Unrealized net gains on cash flow derivative hedges arising during the period 1,341 (353) 988 Net change in cash flow derivative hedges 1,341 (353) 988 Other comprehensive loss (120,729) 32,481 (88,248) Accumulated other comprehensive loss at September 30, 2018 $ (280,152) $ 75,453 $ (204,699) The following table summarizes changes in accumulated other comprehensive loss, net of tax, for the periods indicated: Pensions Accumulated and Other Other Investment Cash Flow Comprehensive (dollars in thousands) Benefits Securities Derivative Hedges Income (Loss) Three Months Ended September 30, 2019 Balance at beginning of period $ (28,973) $ (3,011) $ — $ (31,984) Other comprehensive income — 13,210 — 13,210 Balance at end of period $ (28,973) $ 10,199 $ — $ (18,774) Nine Months Ended September 30, 2019 Balance at beginning of period $ (28,379) $ (103,816) $ — $ (132,195) Other comprehensive (loss) income (594) 114,015 — 113,421 Balance at end of period $ (28,973) $ 10,199 $ — $ (18,774) Three Months Ended September 30, 2018 Balance at beginning of period $ (31,339) $ (156,373) $ 5,302 $ (182,410) Other comprehensive loss — (22,420) 131 (22,289) Balance at end of period $ (31,339) $ (178,793) $ 5,433 $ (204,699) Nine Months Ended September 30, 2018 Balance at beginning of period $ (25,946) $ (74,117) $ 3,680 $ (96,383) Early adoption of ASU No. 2018-02 (5,393) (15,440) 765 (20,068) Other comprehensive loss — (89,236) 988 (88,248) Balance at end of period $ (31,339) $ (178,793) $ 5,433 $ (204,699)

Regulatory Capital Requirements

Regulatory Capital Requirements	9 Months Ended
Regulatory Capital Requirements	Sep. 30, 2019
Regulatory Capital Requirements
Regulatory Capital Requirements	11. Regulatory Capital Requirements Federal and state laws and regulations limit the amount of dividends the Company may declare or pay. The Company depends primarily on dividends from FHB as the source of funds for the Company’s payment of dividends. The Company and the Bank are subject to various regulatory capital requirements imposed by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s and the Bank’s operating activities and financial condition. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of its assets and certain off-balance-sheet items. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. The table below sets forth those ratios at September 30, 2019 and December 31, 2018: First Hawaiian Minimum Well- First Hawaiian, Inc. Bank Capital Capitalized (dollars in thousands) Amount Ratio Amount Ratio Ratio (1) Ratio (1) September 30, 2019: Common equity tier 1 capital to risk-weighted assets $ 1,677,840 12.15 % $ 1,662,785 12.04 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,677,840 12.15 % 1,662,785 12.04 % 6.00 % 8.00 % Total capital to risk-weighted assets 1,811,404 13.11 % 1,796,349 13.00 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,677,840 8.68 % 1,662,785 8.61 % 4.00 % 5.00 % December 31, 2018: Common equity tier 1 capital to risk-weighted assets $ 1,661,542 11.97 % $ 1,658,172 11.94 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,661,542 11.97 % 1,658,172 11.94 % 6.00 % 8.00 % Total capital to risk-weighted assets 1,803,860 12.99 % 1,800,490 12.97 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,661,542 8.72 % 1,658,172 8.70 % 4.00 % 5.00 % (1) As defined by the regulations issued by the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation (“FDIC”). A capital conservation buffer, comprised of CET1 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 increased each subsequent year by an additional 0.625% until reaching 2.5% on January 1, 2019. As a result the Company and the Bank are effectively required to maintain minimum ratios of (i) 7% CET1 capital to risk-weighted assets, (ii) 8.5% Tier 1 capital to risk-weighted assets, and (iii) 10.5% total capital to risk-weighted assets. As of September 30, 2019, under the bank regulatory capital guidelines, the Company and Bank were both classified as well-capitalized. Management is not aware of any conditions or events that have occurred since September 30, 2019, to change the capital adequacy category of the Company or the Bank.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
Derivative Financial Instruments	Sep. 30, 2019
Derivative Financial Instruments
Derivative Financial Instruments	12. 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 interim consolidated balance sheets as either assets or liabilities at fair value. Derivatives entered into for customer accommodation purposes consist of 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, 2019 and December 31, 2018: September 30, 2019 December 31, 2018 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 $ 23,545 $ — $ (927) $ 41,317 $ 31 $ (44) Derivatives not designated as hedging instruments: Interest rate swaps 2,749,924 85,883 — 2,269,247 12,305 (12,007) Funding swap 69,378 — (584) 62,039 — (2,607) Foreign exchange contracts 2,514 — (31) 1,191 — (34) (1) The positive fair values of derivative assets are included in other assets. (2) The negative fair values of derivative liabilities are included in other liabilities. Certain interest rate swaps noted above, are cleared through clearinghouses, rather than directly with counterparties. Those transactions cleared through a clearinghouse require initial margin collateral and variation margin payments depending on the contracts being in a net asset or liability position. The amount of initial margin cash collateral posted by the Company was $11.9 million and $2.1 million as of September 30, 2019 and December 31, 2018, respectively. In 2017 and 2018, each of the Chicago Mercantile Exchange (“CME”) and the London Clearing House (“LCH”) amended its rulebook to legally characterize variation margin payments for derivative contracts that are referred to as settled-to-market (“STM”) as settlements of the derivative’s mark-to-market exposure and not collateral. Based on these changes, the Company has treated the CME and LCH variation margins as settlements, which treatment has resulted in a decrease in the Company’s cash collateral, and a corresponding decrease in the Company’s derivative asset and liability. As of September 30, 2019 and December 31, 2018, the CME variation margin was $1.3 million and $0.5 million, respectively. As of September 30, 2019 and December 31, 2018 the LCH variation margin was $84.6 million and $0.6 million, respectively. As of September 30, 2019, the Company pledged $29.7 million in financial instruments and $17.4 million in cash as collateral for interest rate swaps. As of December 31, 2018, the Company pledged $26.2 million in financial instruments and $2.6 million in cash as collateral for interest rate swaps. As of September 30, 2019 and December 31, 2018, the cash collateral includes the excess initial margin for interest rate swaps cleared through clearinghouses and cash collateral for interest rate swaps with financial institution counterparties. Fair Value Hedges To manage the risk related to the Company’s net interest margin, interest rate swaps are utilized to hedge certain fixed-rate loans. These swaps have maturity, amortization and prepayment features that correspond to the loans hedged, and are designated and qualify as fair value hedges. Any gain or loss on the swaps, as well as the offsetting loss or gain on the hedged item attributable to the hedged risk, is recognized in current period earnings. At September 30, 2019, the Company carried one interest rate swap with a notional amount of $23.5 million with a negative fair value of $0.9 million that was categorized as a fair value hedge for a commercial and industrial loan. The Company received a USD Prime floating rate and paid a fixed rate of 2.90% . The swap matures in 2023. At December 31, 2018, the Company carried interest rate swaps with notional amounts totaling $41.3 million with a positive fair value of nil and a negative fair value of nil that were categorized as fair value hedges for commercial and industrial loans and commercial real estate loans. The following table shows the gains and losses recognized in income related to derivatives in fair value hedging relationships for the three and nine months ended September 30, 2019 and 2018: Gains (losses) recognized in Three Months Ended Nine Months Ended the consolidated statements September 30, September 30, (dollars in of income line item 2019 2018 2019 2018 Gains (losses) on fair value hedging relationships recognized in interest income (1) : Recognized on interest rate swap Loans and lease financing $ (151) $ — $ (917) $ — Recognized on hedged item Loans and lease financing 255 — 944 — Gains (losses) on fair value hedging relationships recognized in noninterest income (2) : Recognized on interest rate swap Other $ — $ 273 $ — $ 1,231 Recognized on hedged item Other — (261) — (1,348) (1) In connection with the adoption of ASU 2017-12, beginning January 1, 2019, gain (loss) amounts for the interest rate swap qualifying as fair value hedging and the hedged item are included in interest income from loans and lease financing. (2) Prior to January 1, 2019, gain (loss) amounts for the interest rate swaps qualifying as fair value hedging and the hedged items were included in other noninterest income. As of September 30, 2019 and December 31, 2018, the following amounts were recorded in the unaudited interim consolidated balance sheets related to the cumulative basis adjustments for fair value hedges: Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Asset Carrying Amount of the Hedged Asset (dollars in September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 Line item in the consolidated balance sheets in which the hedged item is included Loans and leases $ 24,797 $ 42,496 $ 1,226 $ 293 Cash Flow Hedges During 2018, the Company carried two interest rate swaps with notional amounts totaling $150.0 million, in order to reduce exposure to interest rate increases associated with short-term fixed-rate liabilities. The Company received 6-month LIBOR and paid fixed rates ranging from 2.98% to 3.03% . The swaps matured in December 2018. As of September 30, 2019 and December 31, 2018, the Company held no cash flow hedges. The interest rate swaps designated as cash flow hedges resulted in net interest expense of $0.2 million and $1.1 million during the three and nine months ended September 30, 2018, respectively. The Company utilized interest rate swaps to reduce exposure to interest rates associated with short-term fixed-rate liabilities. The Company entered into interest rate swaps paying fixed rates and receiving LIBOR. The LIBOR index corresponded to the short-term fixed-rate nature of the liabilities being hedged. If interest rates rose, the increase in interest received on the swaps offset increases in interest costs associated with these liabilities. By hedging with interest rate swaps, the Company minimized the adverse impact on interest expense associated with increasing rates on short-term liabilities. The interest rate swaps were designated and qualified as cash flow hedges. The effective portion of the gain or loss on the interest rate swaps was reported as a component of other comprehensive income and reclassified into earnings in the same period or periods during which the hedged transaction affected earnings. There were no recognized expenses related to the ineffective portion of the change in fair value of derivatives designated as a cash flow hedge during the three and nine months ended September 30, 2018. The following table summarizes the effect of cash flow hedging relationships for the three and nine months ended September 30, 2018: Three Months Ended Nine Months Ended (dollars in September 30, 2018 September 30, 2018 Pretax gains recognized in other comprehensive income on derivatives (effective portion) $ 178 $ 1,341 There were no gains or losses reclassified from accumulated other comprehensive loss to earnings during the three and nine months ended September 30, 2018. Free-Standing Derivative Instruments For the derivatives that are not designated as hedges, changes in fair value are reported in current period earnings. The following table summarizes the impact on pretax earnings of derivatives not designated as hedges, as reported on the unaudited interim consolidated statements of income for the three and nine months ended September 30, 2019 and 2018. Net gains (losses) recognized Three Months Ended Nine Months Ended in the consolidated statements September 30, September 30, (dollars in of income line item 2019 2018 2019 2018 Derivatives Not Designated As Hedging Instruments: Interest rate swaps Other noninterest income $ — $ 112 $ 16 $ 744 Funding swap Other noninterest income (417) (43) (659) (123) Foreign exchange contracts Other noninterest income 30 34 29 (58) As of September 30, 2019, the Company carried multiple interest rate swaps with notional amounts totaling $2.7 billion, all of which were related to the Company’s customer swap program, with a positive fair value of $85.9 million and a negative fair value of nil. The Company received 1-month LIBOR and paid fixed rates ranging from 2.02% to 8.73%. The swaps mature between November 2019 and January 2039. As of December 31, 2018, the Company carried multiple interest rate swaps with notional amounts totaling $2.3 billion, including $2.2 billion related to the Company’s customer swap program, with a positive fair value of $12.3 million and a negative fair value of $12.0 million. The Company received 1-month LIBOR and paid fixed rates ranging from 2.02% to 5.78%. These swaps resulted in net interest expense of nil and $0.1 million for the three months ended September 30, 2019 and 2018, respectively, and nil and $0.4 million for the nine months ended September 30, 2019 and 2018, respectively. The Company’s customer swap program is designed by offering customers a variable-rate loan that is swapped to fixed-rate through an interest rate swap. The Company simultaneously executes an offsetting interest rate swap with a swap dealer. Upfront fees on the dealer swap are recorded in other noninterest income and totaled $1.9 million and $0.3 million for the three months ended September 30, 2019 and 2018, respectively, and $3.8 million and $5.3 million for the nine months ended September 30, 2019 and 2018, respectively. Interest rate swaps related to the program had asset fair values of $85.9 million and $12.3 million as of September 30, 2019 and December 31, 2018, respectively, and liability fair values of nil and $11.2 million as of September 30, 2019 and December 31, 2018, respectively. In conjunction with the 2016 sale of Class B restricted shares of common stock issued by Visa, the Company entered into a funding swap agreement with the buyer that requires payment to the buyer in the event Visa reduces each member bank’s Class B conversion rate to unrestricted Class A common shares. On June 28, 2018, Visa additionally funded its litigation escrow account, thereby reducing each member bank’s Class B conversion rate to unrestricted Class A common shares. Accordingly, on July 5, 2018, Visa announced a decrease in conversion rate from 1.6483 to 1.6298 effective June 28, 2018. In July 2018, the Company made a payment of approximately $0.7 million to the buyer as a result of the reduction in the Visa Class B conversion rate. On September 27, 2019, Visa additionally funded its litigation escrow account, thereby further reducing each member bank’s Class B conversion rate to unrestricted Class A common shares. Accordingly, on September 30, 2019, Visa announced a decrease in conversion rate from 1.6298 to 1.6228 effective September 27, 2019. As of September 30, 2019, the Company recorded an estimated $0.3 million liability to be paid to the buyer as a result of the reduction in the Visa Class B conversion rate. Under the terms of the funding swap agreement, the Company will make monthly payments to the buyer based on Visa’s Class A stock price and the number of Visa Class B restricted shares that were sold until the date on which the covered litigation is settled. A derivative liability (“Visa derivative”) of $0.6 million and $2.6 million was included in the unaudited interim consolidated balance sheets at September 30, 2019 and December 31, 2018, respectively, to provide for the fair value of this liability. There were no sales of these shares prior to 2016. See “Note 18. Fair Value” for more information. Counterparty Credit Risk By using derivatives, the Company is exposed to counterparty credit risk if counterparties to the derivative contracts do not perform as expected. If a counterparty fails to perform, the Company’s counterparty credit risk is equal to the amount reported as a derivative asset, net of cash or other collateral received, and net of derivatives in a loss position with the same counterparty to the extent master netting arrangements exist. The Company minimizes counterparty credit risk through credit approvals, limits, monitoring procedures, executing master netting arrangements and obtaining collateral, where appropriate. Counterparty credit risk related to derivatives is considered in determining fair value. The Company’s interest rate swap agreements include bilateral collateral agreements with collateral requirements, which begin with exposures in excess of $0.5 million. For each counterparty, the Company reviews the interest rate swap collateral daily. Collateral for customer interest rate swap agreements, calculated as the pledged asset less loan balance, requires valuation of the pledged asset. Counterparty credit risk adjustments of $0.1 million were recognized during both the nine months ended September 30, 2019 and 2018. Credit-Risk Related Contingent Features Certain of our derivative contracts contain provisions whereby if the Company’s credit rating were to be downgraded by certain major credit rating agencies as a result of a merger or material adverse change in the Company’s financial condition, the counterparty could require an early termination of derivative instruments in a net liability position. The aggregate fair value of all derivative instruments with such credit-risk related contingent features that are in a net liability position was $5.1 million and $0.8 million at September 30, 2019 and December 31, 2018, respectively, for which we posted $5.5 million and $0.5 million, respectively, in collateral in the normal course of business. If the Company’s credit rating had been downgraded as of September 30, 2019 and December 31, 2018, we may have been required to settle the contracts in an amount equal to their fair value.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
Commitments and Contingent Liabilities	Sep. 30, 2019
Commitments and Contingent Liabilities
Commitments and Contingent Liabilities	13. Commitments and Contingent Liabilities Contingencies In January 2017, a putative class action lawsuit was filed by a Bank customer alleging that FHB improperly charged an overdraft fee in circumstances where an account had sufficient funds to cover the transaction at the time the transaction was authorized but not at the time the transaction was presented for payment, and that this practice constituted an unjust and deceptive trade practice and a breach of contract. The lawsuit further alleged that FHB’s practice of assessing a one-time continuous negative balance overdraft fee on accounts remaining in a negative balance for a seven-day period constituted a usurious interest charge and an unfair and deceptive trade practice. In October 2018, the parties reached an agreement in principle to resolve this class action lawsuit. In connection with the anticipated settlement agreement, the Company recorded an expense of approximately $4.1 million during the three months ended September 30, 2018. In August 2019, the Court approved the settlement agreement executed by the parties, pursuant to which the Company funded a $4.1 million settlement account. Various other legal proceedings are pending or threatened against the Company. After consultation with legal counsel, management does not expect that the aggregate liability, if any, resulting from these proceedings would have a material effect on the Company’s unaudited interim 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 interim consolidated financial statements. Unfunded Commitments to Extend Credit Standby and Commercial Letters of Credit Financial instruments with off-balance sheet risk at September 30, 2019 and December 31, 2018 were as follows: September 30, December 31, (dollars in 2019 2018 Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 5,814,078 $ 5,549,591 Standby letters of credit 183,992 204,324 Commercial letters of credit 5,024 7,535 Guarantees The Company sells residential mortgage loans in the secondary market primarily to The Federal National Mortgage Association (“Fannie Mae”) and The Federal Home Loan Mortgage Corporation (“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 12. Derivative Financial Instruments” for more information. Reorganization Transactions On April 1, 2016, a series of reorganization transactions (the “Reorganization Transactions”) were undertaken to facilitate FHI’s IPO. In connection with the Reorganization Transactions, FHI distributed its interest in BancWest Holding Inc. (“BWHI”), including Bank of the West (“BOW”) to BNPP so that BWHI was held directly by BNPP. 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 BWC, 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.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
Revenue from Contracts with Customers	Sep. 30, 2019
Revenue from Contracts with Customers
Revenue from Contracts with Customers	14. Revenue from Contracts with Customers Revenue Recognition In accordance with Topic 606, revenues are recognized when control of promised goods or services is transferred to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. To determine revenue recognition for arrangements that an entity determines are within the scope of Topic 606, the Company performs the following five steps: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company only applies the five-step model to contracts when it is probable that the entity will collect the consideration it is entitled to in exchange for the goods or services it transfers to the customer. At contract inception, once the contract is determined to be within the scope of Topic 606, the Company assesses the goods or services that are promised within each contract and identifies those that contain performance obligations, and assesses whether each promised good or service is distinct. The Company then recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) the performance obligation is satisfied. Disaggregation of Revenue The following table summarizes the Company’s revenues, which includes net interest income on financial instruments and noninterest income, disaggregated by type of service and business segments for the periods indicated: Three Months Ended September 30, 2019 Treasury Retail Commercial and (dollars in Banking Banking Other Total Net interest income (1) $ 111,529 $ 29,359 $ 2,193 $ 143,081 Service charges on deposit accounts 8,073 3 478 8,554 Credit and debit card fees — 14,623 1,718 16,341 Other service charges and fees 5,155 306 537 5,998 Trust and investment services income 8,698 — — 8,698 Other 138 726 191 1,055 Not in scope of Topic 606 (1) 2,185 1,488 5,661 9,334 Total noninterest income 24,249 17,146 8,585 49,980 Total revenue $ 135,778 $ 46,505 $ 10,778 $ 193,061 Nine Months Ended September 30, 2019 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 339,559 $ 85,920 $ 8,304 $ 433,783 Service charges on deposit accounts 23,051 9 1,677 24,737 Credit and debit card fees — 43,564 5,135 48,699 Other service charges and fees 15,429 1,543 1,659 18,631 Trust and investment services income 26,247 — — 26,247 Other 493 2,996 729 4,218 Not in scope of Topic 606 (1) 6,887 5,533 10,873 23,293 Total noninterest income 72,107 53,645 20,073 145,825 Total revenue $ 411,666 $ 139,565 $ 28,377 $ 579,608 (1) Most of the Company’s revenue is not within the scope of ASU No. 2014-09, Revenue from Contracts with Customers. The guidance explicitly excludes net interest income from financial assets and liabilities as well as other noninterest income from loans, leases, investment securities and derivative financial instruments. Three Months Ended September 30, 2018 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 111,804 $ 29,639 $ (185) $ 141,258 Service charges on deposit accounts 7,494 4 435 7,933 Credit and debit card fees — 19,602 1,783 21,385 Other service charges and fees 5,161 1,063 374 6,598 Trust and investment services income 7,487 — — 7,487 Other 134 1,427 255 1,816 Not in scope of Topic 606 (1) 2,400 (4,295) 4,081 2,186 Total noninterest income 22,676 17,801 6,928 47,405 Total revenue $ 134,480 $ 47,440 $ 6,743 $ 188,663 Nine Months Ended September 30, 2018 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 332,731 $ 86,320 $ 3,282 $ 422,333 Service charges on deposit accounts 22,077 11 1,521 23,609 Credit and debit card fees — 58,409 5,380 63,789 Other service charges and fees 15,004 2,997 1,527 19,528 Trust and investment services income 23,429 — — 23,429 Other 430 5,224 924 6,578 Not in scope of Topic 606 (1) 6,626 (7,377) 9,720 8,969 Total noninterest income 67,566 59,264 19,072 145,902 Total revenue $ 400,297 $ 145,584 $ 22,354 $ 568,235 (1) Most of the Company’s revenue is not within the scope of ASU No. 2014-09, Revenue from Contracts with Customers. The guidance explicitly excludes net interest income from financial assets and liabilities as well as other noninterest income from loans, leases, investment securities and derivative financial instruments. For the three and nine months ended September 30, 2019 and 2018, substantially all of the Company’s revenues under the scope of Topic 606 were related to performance obligations satisfied at a point in time. The following is a discussion of revenues within the scope of Topic 606. Service Charges on Deposit Accounts Service charges on deposit accounts relate to fees generated from a variety of deposit products and services rendered to customers. Charges include, but are not limited to, overdraft fees, non-sufficient fund fees, dormant fees and monthly service charges. Such fees are recognized concurrent with the event on a daily basis or on a monthly basis depending upon the customer’s cycle date. Credit and Debit Card Fees Credit and debit card fees primarily represent revenues earned from interchange fees, ATM fees and merchant processing fees. Interchange and network revenues are earned on credit and debit card transactions conducted with payment networks. ATM fees are primarily earned as a result of surcharges assessed to non-FHB customers who use a FHB ATM. Merchant processing fees are primarily earned on transactions in which FHB is the acquiring bank. Such fees are generally recognized concurrently with the delivery of services on a daily basis. Trust and Investment Services Fees Trust and investment services fees represent revenue earned by directing, holding and managing customers’ assets. Fees are generally computed based on a percentage of the previous period’s value of assets under management. The transaction price (i.e., percentage of assets under management) is established at the inception of each contract. Trust and investment services fees also include fees collected when the Company acts as agent or personal representative and executes security transactions, performs collection and disbursement of income, and completes investment management and other administrative tasks. Other Fees Other fees primarily include revenues generated from wire transfers, lockboxes, bank issuance of checks and insurance commissions. Such fees are recognized concurrent with the event or on a monthly basis. Contract Balances A contract liability is an entity’s obligation to transfer goods or services to a customer for which the entity has received consideration (or the amount is due) from the customer. In prior years, the Company received signing bonuses from two vendors which are being amortized over the term of the respective contracts. As of September 30, 2019 and December 31, 2018, the Company had contract liabilities of $2.0 million and $2.6 million, respectively, which will be recognized over the remaining term of the respective contracts with the vendors. For the three and nine months ended September 30, 2019 and 2018, the Company’s recognized revenues and contract liabilities decreased by approximately $0.2 million and $0.6 million, respectively, due to the passage of time. There were no changes in contract liabilities due to changes in transaction price estimates. A contract asset is the right to consideration for transferred goods or services when the amount is conditioned on something other than the passage of time. As of September 30, 2019 and December 31, 2018, there were no receivables from contracts with customers or contract assets recorded on the Company’s consolidated balance sheets. Other Except for the contract liabilities noted above, the Company did not have any significant performance obligations as of September 30, 2019 and December 31, 2018. The Company also did not have any material contract acquisition costs or use any significant judgments or estimates in recognizing revenue for financial reporting purposes.

Earnings per Share

Earnings per Share	9 Months Ended
Earnings per Share	Sep. 30, 2019
Earnings per Share
Earnings per Share	15. Earnings per Share For the three and nine months ended September 30, 2019 and 2018, the Company made no adjustments to net income for the purpose of computing earnings per share and there were no antidilutive securities. For the three and nine months ended September 30, 2019 and 2018, the computations of basic and diluted earnings per share were as follows: Three Months Ended September 30, Nine Months Ended September 30, (dollars in 2019 2018 2019 2018 Numerator: Net income $ 74,199 $ 67,388 $ 216,556 $ 204,399 Denominator: Basic: weighted-average shares outstanding 132,583,902 135,466,669 133,957,192 137,643,005 Add: weighted-average equity-based awards 293,867 208,829 274,570 166,568 Diluted: weighted-average shares outstanding 132,877,769 135,675,498 134,231,762 137,809,573 Basic earnings per share $ 0.56 $ 0.50 $ 1.62 $ 1.48 Diluted earnings per share $ 0.56 $ 0.50 $ 1.61 $ 1.48

Leases

Leases	9 Months Ended
Leases	Sep. 30, 2019
Leases
Leases	16. Leases The Company, as lessee, is obligated under a number of noncancelable operating leases primarily for branch premises and related real estate. Terms of such leases extend for periods up to 44 years, many of which provide for periodic adjustment of rent payments based on changes in various economic indicators. Renewal options are included in the Company’s lease liabilities and related right-of-use assets to the extent that the Company is reasonably certain to exercise such options. For all of the Company’s short-term leases (i.e., leases with an initial term of 12 months or less), the Company recognizes lease expense on a straight-line basis over the lease term. Variable lease payments are recognized in the period in which the obligation for those payments is incurred. The Company’s branch premises leases typically require that the Company is responsible to pay for variable lease expense, primarily maintenance expense, as well as real property taxes, property insurance and sales taxes. Maintenance expense is paid to maintain common areas and covers costs including landscaping, cleaning and general maintenance. Such variable costs are typically re-evaluated by the landlord on an annual basis and are charged to the Company based on the portion of the total building premises that is occupied by the Company. The Company subleases certain premises and real estate to third parties. The sublease portfolio consists of operating leases for space connected with three of the Company’s branch properties. The components of the Company’s net lease expense for the three and nine months ended September 30, 2019 were as follows: (dollars in thousands) Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Operating lease expense $ 2,284 $ 6,887 Short-term lease expense 111 365 Variable lease expense 795 1,842 Finance lease expense: Amortization of right-of-use assets 1 2 Interest on lease liabilities — 1 Total finance lease expense 1 3 Less: Sublease income (268) (766) Net lease expense $ 2,923 $ 8,331 Other information related to the Company’s lease liabilities as of and for the nine months ended September 30, 2019 was as follows: (dollars in thousands) Nine Months Ended September 30, 2019 Supplemental Cash Flows Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows paid for operating leases $ 7,166 Operating cash flows paid for finance leases 89 Financing cash flows paid for finance leases 10 Right-of-use assets obtained in exchange for new lease obligations: Operating leases $ 1,401 Weighted Average Remaining Lease Term Operating leases (years) 15.6 Finance leases (years) 2.8 Weighted Average Discount Rate Operating leases 3.34 % Finance leases 6.78 % Operating lease right-of-use assets were $46.1 million and finance lease right-of-use assets were not material as of September 30, 2019. Operating lease right-of-use assets and finance lease right-of use assets were recorded as a component of other assets and premises and equipment, respectively, as of September 30, 2019. Operating lease liabilities were $45.6 million and finance lease liabilities were not material as of September 30, 2019. Operating lease liabilities and finance lease liabilities were recorded as a component of other liabilities and long-term borrowings, respectively, as of September 30, 2019. The most significant assumption related to the Company’s application of Topic 842 was the discount rate assumption. As most of the Company’s lease agreements do not provide for an implicit interest rate, the Company used the collateralized interest rate that the Company would have to pay to borrow over a similar term to estimate the Company’s lease liability as of January 1, 2019. The following table sets forth future minimum rental payments under noncancelable operating leases with terms in excess of one year as of September 30, 2019: Net Operating Lease (dollars in thousands) Payments Year ending December 31: 2019 (excluding the nine months ended September 30, 2019) $ 1,635 2020 8,799 2021 8,107 2022 5,477 2023 2,964 Thereafter 34,948 Total future minimum lease payments 61,930 Less: Imputed interest (16,289) Total $ 45,641 The following table presents future minimum rental payments under operating leases with terms in excess of one year as of December 31, 2018 presented in accordance with Topic 840, “Leases” Operating Less Net Operating Lease Sublease Lease (dollars in thousands) Payments Income Payments Year ending December 31: 2019 $ 8,780 $ 903 $ 7,877 2020 8,668 903 7,765 2021 7,961 892 7,069 2022 5,101 — 5,101 2023 2,632 — 2,632 Thereafter 34,638 — 34,638 Total future minimum lease payments $ 67,780 $ 2,698 $ 65,082 The Company has several operating leases with related parties associated with its branch premises. The lease payments to related parties were $0.1 million and $0.3 million for the three and nine months ended September 30, 2019, respectively. The future minimum rental payments due to related parties are not material (remainder of 2019), $0.3 million (2020), $0.3 million (2021), $0.2 million (2022), $0.2 million (2023), and $7.5 million thereafter. The Company, as lessor, rents office space in its headquarters office building as well as office space located primarily in Hawaii to third party lessees. The cost and accumulated depreciation related to leased properties were $288.8 million and $139.3 million, respectively, as of September 30, 2019, and $289.2 million and $133.7 million, respectively, as of December 31, 2018. Terms of such leases, including renewal options, may be extended for up to ten years, many of which provide for periodic adjustment of rent payments based on changes in consumer or other price indices. The Company recognizes lease income on a straight-line basis over the lease term. Non-lease components, primarily consisting of costs incurred by the Company for maintenance and utilities, are recognized as income in the period in which the payments are due. The Company recognized operating lease income related to lease payments of $1.5 million and $4.4 million for the three and nine months ended September 30, 2019, respectively. In addition, the Company recognized $1.4 million and $4.0 million of lease income related to variable lease payments for the three and nine months ended September 30, 2019, respectively. Certain of the Company’s leases are with related parties for the use of space at the Company’s headquarters office building. The rental income paid by the related parties for the three and nine months ended September 30, 2019 was $0.1 million and $0.3 million, respectively. The future minimum rental income from related parties as of September 30, 2019 was not material. The following table sets forth future minimum rental income under noncancelable operating leases with terms in excess of one year as of September 30, 2019: Minimum Rental (dollars in thousands) Income Year ending December 31: 2019 (excluding the nine months ended September 30, 2019) $ 1,491 2020 5,997 2021 5,989 2022 4,268 2023 3,343 Thereafter 8,132 Total $ 29,220

Benefit Plans

Benefit Plans	9 Months Ended
Benefit Plans	Sep. 30, 2019
Benefit Plans
Benefit Plans	17. Benefit Plans The Company sponsors an unfunded supplemental executive retirement plan (“SERP”) for certain key executives. In March 2019, the Company’s board of directors approved an amendment to the SERP to freeze the SERP, which became effective on July 1, 2019. As a result of the amendment, since the effective date, there have not been any, and there will be no, new accruals of benefits, including service accruals. Existing benefits under the SERP, as of the effective date of the amendment described above, will otherwise continue in accordance with the terms of the SERP. The following table sets forth the components of net periodic benefit cost for the Company’s pension and postretirement benefit plans for the three and nine months ended September 30, 2019 and 2018: Income line item where recognized in Pension Benefits Other Benefits (dollars in the consolidated statements of income 2019 2018 2019 2018 Three Months Ended September 30, Service cost Salaries and employee benefits $ 18 $ 174 $ 160 $ 80 Interest cost Other noninterest expense 2,044 1,840 203 293 Expected return on plan assets Other noninterest expense (1,195) (1,318) — — Prior service credit Other noninterest expense — — (107) (108) Recognized net actuarial loss (gain) Other noninterest expense 1,564 1,829 (76) — Total net periodic benefit cost $ 2,431 $ 2,525 $ 180 $ 265 Nine Months Ended September 30, Service cost Salaries and employee benefits $ 52 $ 522 $ 478 $ 505 Interest cost Other noninterest expense 6,132 5,429 615 662 Expected return on plan assets Other noninterest expense (3,585) (3,797) — — Prior service credit Other noninterest expense — — (321) (322) Recognized net actuarial loss (gain) Other noninterest expense 4,692 5,049 (228) — Total net periodic benefit cost $ 7,291 $ 7,203 $ 544 $ 845

Fair Value

Fair Value	9 Months Ended
Fair Value	Sep. 30, 2019
Fair Value
Fair Value	18. Fair Value The Company determines the fair values of its financial instruments based on the requirements established in Accounting Standards Codification Topic 820 (“Topic 820”), Fair Value Measurements Fair Value Hierarchy Topic 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 unobservable inputs to 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. Topic 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, deposit liabilities with no defined or contractual maturity, 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, 2019 and December 31, 2018, 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 rate to unrestricted Class A common shares. On July 5, 2018, Visa announced a decrease in conversion rate from 1.6483 to 1.6298 effective June 28, 2018. On September 27, 2019, Visa additionally funded its litigation escrow account, thereby further reducing each member bank’s Class B conversion rate to unrestricted Class A common shares. Accordingly, on September 30, 2019, Visa announced a decrease in conversion rate from 1.6298 to 1.6228 effective September 27, 2019. The Visa derivative of $0.6 million and $2.6 million was included in the unaudited interim consolidated balance sheets at September 30, 2019 and December 31, 2018, respectively, to provide for the fair value of this liability. The potential liability related to this funding swap agreement was determined based on management’s estimate of the timing and the amount of Visa’s litigation settlement and the resulting payments due to the counterparty under the terms of the contract. As such, the funding swap agreement is classified as Level 3 in the fair value hierarchy. The significant unobservable inputs used in the fair value measurement of the Company’s funding swap agreement are the potential future changes in the conversion rate, 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, 2019 and December 31, 2018 are summarized below: Fair Value Measurements as of September 30, 2019 Quoted Prices in Significant Active Markets for Other Significant Identical Assets Observable Unobservable (dollars in (Level 1) Inputs (Level 2) Inputs (Level 3) Total Assets U.S. Treasury securities $ — $ 29,738 $ — $ 29,738 Government agency debt securities — 24,472 — 24,472 Government-sponsored enterprises debt securities — 126,649 — 126,649 Government agency mortgage-backed securities (1) — 343,905 — 343,905 Government-sponsored enterprises mortgage-backed securities (1) — 371,949 — 371,949 Collateralized mortgage obligations: Government agency — 2,486,524 — 2,486,524 Government-sponsored enterprises — 773,845 — 773,845 Total available-for-sale securities — 4,157,082 — 4,157,082 Other assets (2) — 85,883 — 85,883 Liabilities Other liabilities (3) — (958) (584) (1,542) Total $ — $ 4,242,007 $ (584) $ 4,241,423 (1) Backed by residential real estate. (2) Other assets include derivative assets. (3) Other liabilities include derivative liabilities. Fair Value Measurements as of December 31, 2018 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 $ — $ 389,470 $ — $ 389,470 Government-sponsored enterprises debt securities — 241,594 — 241,594 Government agency mortgage-backed securities (1) — 411,536 — 411,536 Government-sponsored enterprises mortgage-backed securities (1) — 150,847 — 150,847 Collateralized mortgage obligations: Government agency — 2,682,449 — 2,682,449 Government-sponsored enterprises — 602,592 — 602,592 Debt securities issued by states and political subdivisions — 19,854 — 19,854 Total available-for-sale securities — 4,498,342 — 4,498,342 Other assets (2) — 12,336 — 12,336 Liabilities Other liabilities (3) — (12,085) (2,607) (14,692) Total $ — $ 4,498,593 $ (2,607) $ 4,495,986 (1) Backed by residential real estate. (2) Other assets include derivative assets. (3) Other liabilities include derivative liabilities. Changes in Fair Value Levels For the three and nine months ended September 30, 2019, there were no transfers between fair value hierarchy levels. The changes in Level 3 liabilities measured at fair value on a recurring basis for the three and nine months ended September 30, 2019 and 2018 are summarized below. Visa Derivative (dollars in 2019 2018 Three Months Ended September 30, Balance as of July 1, $ (1,179) $ (4,114) Total net losses included in other noninterest income (417) (43) Settlements 1,012 772 Balance as of September 30, $ (584) $ (3,385) Total net losses included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of September 30, $ (417) $ (43) Nine Months Ended September 30, Balance as of January 1, $ (2,607) $ (5,439) Total net losses included in other noninterest income (659) (123) Settlements 2,682 2,177 Balance as of September 30, $ (584) $ (3,385) Total net losses included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of September 30, $ (659) $ (123) 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 deposit liabilities with no defined or contractual maturity. September 30, 2019 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: Cash and cash equivalents $ 1,344,017 $ 358,863 $ 985,154 $ — $ 1,344,017 Loans held for sale 1,594 — 1,594 — 1,594 Loans (1) 12,675,522 — — 12,844,384 12,844,384 Financial liabilities: Time deposits (2) $ 2,707,593 $ — $ 2,699,798 $ — $ 2,699,798 Short-term borrowings 400,000 — 402,133 — 402,133 Long-term borrowings (3) 200,000 — 209,149 — 209,149 December 31, 2018 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: Cash and cash equivalents $ 1,003,637 $ 396,836 $ 606,801 $ — $ 1,003,637 Loans held for sale 432 — 432 — 432 Loans (1) 12,928,422 — — 12,664,170 12,664,170 Financial liabilities: Time deposits (2) $ 3,092,164 $ — $ 3,058,792 $ — $ 3,058,792 Long-term borrowings (3) 600,000 — 602,088 — 602,088 (1) Excludes financing leases of $167.9 million at September 30, 2019 and $147.8 million at December 31, 2018. (2) Excludes deposit liabilities with no defined or contractual maturity of $14.1 billion as of both September 30, 2019 and December 31, 2018. (3) Excludes capital lease obligations of $18 thousand and $26 thousand at September 30, 2019 and December 31, 2018, respectively. Unfunded loan and lease commitments and letters of credit are not included in the tables above. As of September 30, 2019 and December 31, 2018, the Company had $6.0 billion and $5.8 billion, respectively, of unfunded loan and lease commitments and letters of credit. A reasonable estimate of the fair value of these instruments is the carrying value of deferred fees plus the related reserve for unfunded commitments, which totaled $13.7 million and $14.2 million at September 30, 2019 and December 31, 2018, respectively. No active trading market exists for these instruments, and the estimated fair value does not include value associated with the borrower relationship. The Company does not estimate the fair values of certain unfunded loan and lease commitments that can be canceled by providing notice to the borrower. As Company-level data is incorporated into the fair value measurement, unfunded loan and lease commitments and letters of credit are classified as Level 3. 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 are carried at the lower of cost or fair value and are therefore subject to fair value measurements on a nonrecurring basis. The fair value of MSRs is determined using models which use significant unobservable inputs, such as estimates of prepayment rates, the resultant weighted average lives of the MSRs and the option-adjusted spread levels. Accordingly, the Company classifies MSRs as Level 3. Impaired loans A large portion of the Company’s impaired loans are collateral dependent and are measured at fair value on a nonrecurring basis using collateral values as a practical expedient. The fair values of collateral for impaired loans are primarily based on real estate appraisal reports prepared by third-party appraisers less disposition costs, present value of the expected future cash flows or the loan’s observable market price. Certain loans are measured based on the present value of expected future cash flows, discounted at the loan’s effective rate, which is not a fair value measurement. The Company measures the impairment on certain loans and leases by performing a lower-of-cost-or-fair-value analysis. If impairment is determined by the value of the collateral or an observable market price, it is written down to fair value on a nonrecurring basis as Level 3. Other real estate owned The Company values these properties at fair value at the time the Company acquires them, which establishes their new cost basis. After acquisition, the Company carries such properties at the lower of cost or fair value less estimated selling costs on a nonrecurring basis. Fair value is measured on a nonrecurring basis using collateral values as a practical expedient. The fair values of collateral for other real estate owned are primarily based on real estate appraisal reports prepared by third-party appraisers less disposition costs, and are classified as Level 3. Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis The Company may be required to record certain assets at fair value on a nonrecurring basis in accordance with GAAP. These assets are subject to fair value adjustments that result from the application of lower of cost or fair value accounting or write-downs of individual assets to fair value. The following table provides the level of valuation inputs used to determine each fair value adjustment and the fair value of the related individual assets or portfolio of assets with fair value adjustments on a nonrecurring basis as of September 30, 2019 and December 31, 2018: (dollars Level 1 Level 2 Level 3 September 30, 2019 Impaired loans $ — $ — $ 882 December 31, 2018 Impaired loans $ — $ — $ 402 Total losses on impaired loans were $0.5 million and $0.1 million for the three months ended September 30, 2019 and 2018, respectively and $0.5 million and $0.6 million for the nine months ended September 30, 2019 and 2018, respectively. For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of September 30, 2019 and December 31, 2018, the significant unobservable inputs used in the fair value measurements were as follows: Quantitative Information about Level 3 Fair Value Measurements at September 30, 2019 Significant Range (dollars in thousands) Fair value Valuation Technique Unobservable Input (Weighted Average) Impaired loans $ 882 Appraisal Value Appraisal Value n/m (1) Visa derivative $ (584) Discounted Cash Flow Expected Conversion Rate 1.6228 Expected Term 4 years Growth Rate 15% Quantitative Information about Level 3 Fair Value Measurements at December 31, 2018 Range (dollars in thousands) Fair value Valuation Technique Unobservable Input (Weighted Average) Impaired loans $ 402 Appraisal Value Appraisal Value n/m (1) Visa derivative $ (2,607) Discounted Cash Flow Expected Conversion Rate 1.6298 Expected Term 4 years Growth Rate 15% (1) The fair value of these assets is determined based on appraised values of collateral or broker price opinions, the range of which is not meaningful to disclose.

Reportable Operating Segments

Reportable Operating Segments	9 Months Ended
Reportable Operating Segments	Sep. 30, 2019
Reportable Operating Segments
Reportable Operating Segments	19. Reportable Operating Segments The Company’s operations are organized into three business segments – Retail Banking, Commercial Banking, and Treasury and Other. These segments reflect how discrete financial information is currently evaluated by the chief operating decision maker and how performance is assessed and resources allocated. The Company’s internal management process measures the performance of these business segments. This process, which is not necessarily comparable with similar information for any other financial institution, uses various techniques to assign balance sheet and income statement amounts to the business segments, including allocations of income, expense, the provision for loan and lease losses, and capital. This process is dynamic and requires certain allocations based on judgment and other subjective factors. Unlike financial accounting, there is no comprehensive authoritative guidance for management accounting that is equivalent to GAAP. The net interest income of the business segments reflects the results of a funds transfer pricing process that matches assets and liabilities with similar interest rate sensitivity and maturity characteristics and reflects the allocation of net interest income related to the Company’s overall asset and liability management activities on a proportionate basis. The basis for the allocation of net interest income is a function of the Company’s assumptions that are subject to change based on changes in current interest rates and market conditions. Funds transfer pricing also serves to transfer interest rate risk to Treasury. The Company allocates the provision for loan and lease losses to each segment based on management’s estimate of the inherent loss content in each of the specific loan and lease portfolios. Noninterest income and expense includes allocations from support units to the business segments. These allocations are based on actual usage where practicably calculated or by management’s estimate of such usage. Income tax expense is allocated to each business segment based on the consolidated effective income tax rate for the period shown. Business Segments Retail Banking Retail Banking offers a broad range of financial products and services to consumers and small businesses. Loan and lease products offered include residential and commercial mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans and small business loans and leases. Deposit products offered include checking, savings, and time deposit accounts. Retail Banking also offers wealth management services. Products and services from Retail Banking are delivered to customers through 58 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, automobile loans and auto dealer financing, business deposit products and credit cards. Commercial lending and deposit products are offered primarily to middle-market and large companies locally, nationally, and internationally. Treasury and Other Treasury consists of corporate asset and liability management activities including interest rate risk management. The segment’s assets and liabilities (and related interest income and expense) consist of interest-bearing deposits, investment securities, federal funds sold and purchased, government deposits, short- and long-term borrowings and bank-owned properties. The primary sources of noninterest income are from bank-owned life insurance, net gains from the sale of investment securities, foreign exchange income related to customer-driven currency requests from merchants and island visitors and management of bank-owned properties. The net residual effect of the transfer pricing of assets and liabilities is included in Treasury, along with the elimination of intercompany transactions. Other organizational units (Technology, Operations, Credit and Risk Management, Human Resources, Finance, Administration, Marketing, and Corporate and Regulatory Administration) provide a wide-range of support to the Company’s other income earning segments. Expenses incurred by these support units are charged to the business segments through an internal cost allocation process. The following tables present selected business segment financial information for the periods indicated. Treasury Retail Commercial and (dollars in Banking Banking Other Total Three Months Ended September 30, 2019 Net interest income $ 111,529 $ 29,359 $ 2,193 $ 143,081 Provision for loan and lease losses — — — — Net interest income after provision for loan and lease losses 111,529 29,359 2,193 143,081 Noninterest income 24,249 17,146 8,585 49,980 Noninterest expense (57,280) (20,073) (16,113) (93,466) Income (loss) before (provision) benefit for income taxes 78,498 26,432 (5,335) 99,595 (Provision) benefit for income taxes (19,941) (6,781) 1,326 (25,396) Net income (loss) $ 58,557 $ 19,651 $ (4,009) $ 74,199 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Nine Months Ended September 30, 2019 Net interest income $ 339,559 $ 85,920 $ 8,304 $ 433,783 Provision for loan and lease losses (4,324) (5,226) — (9,550) Net interest income after provision for loan and lease losses 335,235 80,694 8,304 424,233 Noninterest income 72,107 53,645 20,073 145,825 Noninterest expense (173,938) (59,299) (46,142) (279,379) Income (loss) before (provision) benefit for income taxes 233,404 75,040 (17,765) 290,679 (Provision) benefit for income taxes (59,338) (19,278) 4,493 (74,123) Net income (loss) $ 174,066 $ 55,762 $ (13,272) $ 216,556 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Three Months Ended September 30, 2018 Net interest income (expense) $ 111,804 $ 29,639 $ (185) $ 141,258 Provision for loan and lease losses (1,760) (2,700) — (4,460) Net interest income (expense) after provision for loan and lease losses 110,044 26,939 (185) 136,798 Noninterest income 22,676 17,801 6,928 47,405 Noninterest expense (58,069) (19,731) (15,347) (93,147) Income (loss) before (provision) benefit for income taxes 74,651 25,009 (8,604) 91,056 (Provision) benefit for income taxes (19,450) (6,435) 2,217 (23,668) Net income (loss) $ 55,201 $ 18,574 $ (6,387) $ 67,388 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Nine Months Ended September 30, 2018 Net interest income $ 332,731 $ 86,320 $ 3,282 $ 422,333 Provision for loan and lease losses (6,484) (9,946) — (16,430) Net interest income after provision for loan and lease losses 326,247 76,374 3,282 405,903 Noninterest income 67,566 59,264 19,072 145,902 Noninterest expense (170,114) (60,575) (44,910) (275,599) Income (loss) before (provision) benefit for income taxes 223,699 75,063 (22,556) 276,206 (Provision) benefit for income taxes (58,291) (19,329) 5,813 (71,807) Net income (loss) $ 165,408 $ 55,734 $ (16,743) $ 204,399

Organization and Basis of Pre_2

Organization and Basis of Presentation (Policies)	9 Months Ended
Organization and Basis of Presentation (Policies)	Sep. 30, 2019
Organization and Basis of Presentation
Organization and Basis of Presentation	First Hawaiian, Inc. (“FHI” or the “Parent”), a bank holding company, owns 100% of the outstanding common stock of First Hawaiian Bank (“FHB” or the “Bank”), its only direct, wholly owned subsidiary. FHB offers a comprehensive suite of banking services to consumer and commercial customers including loans, deposit products, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. The accompanying unaudited interim consolidated financial statements of First Hawaiian, Inc. and Subsidiary (the “Company”) have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. The accompanying unaudited interim consolidated financial statements and notes thereto should be read in conjunction with the Company’s audited consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. In the opinion of management, all adjustments, which consist of normal recurring adjustments necessary for a fair presentation of the interim period consolidated financial information, have been made. Results of operations for interim periods are not necessarily indicative of results to be expected for the entire year. Intercompany account balances and transactions have been eliminated in consolidation.
Transition to an Independent Public Company	Transition to an Independent Public Company On July 1, 2016, FHI became a direct wholly owned subsidiary of BancWest Corporation (“BWC”), a Delaware corporation and an indirect wholly owned subsidiary of BNP Paribas (“BNPP”). In connection with FHI’s initial public offering (“IPO”) in August 2016, BNPP announced its intent to sell its interest in FHI, including FHI’s wholly owned subsidiary, FHB, over time, subject to market conditions and other considerations. Following a series of secondary offerings completed in 2017 and 2018, on February 1, 2019, BWC completed the sale of its remaining 24,859,750 shares of FHI common stock in a public offering. FHI did not receive any of the proceeds from the sales of shares of FHI common stock in that offering, in any of the secondary offerings described above or the IPO. As a result of the completion of the February 1, 2019 public offering, BNPP (through BWC, the selling stockholder) fully exited its ownership interest in FHI common stock.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and various other assumptions believed to be reasonable. Although these estimates are based on management’s best knowledge of current events, actual results may differ from these estimates.
Accounting Standard Adopted in 2019 and Recent Accounting Pronouncements	Accounting Standards Adopted in 2019 In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842) leases as well as no reassessment of lease classification for existing leases and the practical expedient which permitted the Company to not separate nonlease components from lease components in determining the consideration in the lease agreement when the Company was a lessee or a lessor. The Company identified the primary lease agreements in scope of this new guidance as those relating to branch premises. As a result, the Company recognized a lease liability of $50.3 million and a related right-of-use asset of $50.6 million on its consolidated balance sheet on January 1, 2019. See “Note 16. Leases” for required disclosures related to this new guidance. In March 2017, the FASB issued ASU No. 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310-20), Premium Amortization on Purchased Callable Debt Securities In August 2017, the FASB issued ASU No. 2017-12, Derivatives and Hedging (Topic 815), Targeted Improvements to Accounting for Hedging Activities In August 2018, the FASB issued ASU No. 2018-15, Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That is a Service Contract In October 2018, the FASB issued ASU No. 2018-16, Derivatives and Hedging (Topic 815), Inclusion of the Secured Overnight Financing Rate (SOFR) Overnight Index Swap (OIS) Rate as a Benchmark Interest Rate for Hedge Accounting Purposes Recent Accounting Pronouncements The following ASUs have been issued by the FASB and are applicable to the Company in future reporting periods. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments The implementation of CECL will require significant operational changes, particularly in data collection and analysis. The Company formed a working group comprised of teams from different disciplines, including credit, finance and information technology, to evaluate the requirements of the new standard and the impact it will have on the Company’s current processes. The Company also engaged a software vendor and has run several CECL parallel productions during 2019. Based on the Company’s portfolio balances and forecasted economic conditions as of September 30, 2019, management believes that the adoption of the CECL standard could result in an increase in the ACL of approximately 10% to 15%, as compared to the Company’s current reserve levels. The estimated impact of the implementation of the CECL standard is based on the current state of our end-to-end CECL process. However, certain processes are still under development, including refinement of certain models, the qualitative framework, internal control design, testing, model validation and the build-out of the operational control structure supporting the end-to-end process. Federal banking regulatory agencies have also provided relief for an initial capital decrease at adoption by allowing for an election of the impact to be phased-in over three years on a straight-line basis. The change in the ACL to be recorded on January 1, 2020, may differ, possibly materially, from the Company’s current estimate due to further process refinement, as well as the loan portfolio composition quality at the adoption date, changes in the macroeconomic conditions and forecasts at that time, and additional accounting or supervisory guidance that may be issued prior to the effective date which could impact the Company’s practices for the sound application of the new standard. In January 2017, the FASB issued ASU No. 2017-04, Intangibles – Goodwill and Other (Topic 350), Simplifying the Test for Goodwill Impairment In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820), Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
Investment Securities (Tables)	Sep. 30, 2019
Investment Securities
Schedule of amortized cost and fair value of securities	September 30, 2019 December 31, 2018 Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Cost Gains Losses Value U.S. Treasury securities $ 29,653 $ 85 $ — $ 29,738 $ 389,470 $ — $ — $ 389,470 Government agency debt securities 24,387 85 — 24,472 — — — — Government-sponsored enterprises debt securities 126,696 28 (75) 126,649 248,372 — (6,778) 241,594 Government agency mortgage-backed securities 342,326 2,738 (1,159) 343,905 426,710 — (15,174) 411,536 Government-sponsored enterprises mortgage-backed securities 366,346 6,831 (1,228) 371,949 156,056 85 (5,294) 150,847 Collateralized mortgage obligations: Government agency 2,479,961 13,900 (7,337) 2,486,524 2,779,620 — (97,171) 2,682,449 Government-sponsored enterprises 773,755 3,964 (3,874) 773,845 620,337 — (17,745) 602,592 Debt securities issued by states and political subdivisions — — — — 19,854 — — 19,854 Total available-for-sale securities $ 4,143,124 $ 27,631 $ (13,673) $ 4,157,082 $ 4,640,419 $ 85 $ (142,162) $ 4,498,342
Schedule of amortized cost and fair value of debt securities by contractual maturity	September 30, 2019 Amortized Fair (dollars in thousands) Cost Value Due in one year or less $ 29,653 $ 29,738 Due after one year through five years 126,696 126,649 Due after five years through ten years — — Due after ten years — — 156,349 156,387 Government agency debt securities 24,387 24,472 Government agency mortgage-backed securities 342,326 343,905 Government-sponsored enterprises mortgage-backed securities 366,346 371,949 Collateralized mortgage obligations: Government agency 2,479,961 2,486,524 Government-sponsored enterprises 773,755 773,845 Total collateralized mortgage obligations 3,253,716 3,260,369 Total available-for-sale securities $ 4,143,124 $ 4,157,082
Schedule of gross unrealized losses and fair values of securities in a continuous loss position	Time in Continuous Loss as of September 30, 2019 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 $ (75) $ 24,917 $ — $ — $ (75) $ 24,917 Government agency mortgage-backed securities — — (1,159) 115,069 (1,159) 115,069 Government-sponsored enterprises mortgage-backed securities — — (1,228) 115,456 (1,228) 115,456 Collateralized mortgage obligations: Government agency (820) 407,961 (6,517) 652,211 (7,337) 1,060,172 Government-sponsored enterprises (161) 107,250 (3,713) 226,823 (3,874) 334,073 Total available-for-sale securities with unrealized losses $ (1,056) $ 540,128 $ (12,617) $ 1,109,559 $ (13,673) $ 1,649,687 Time in Continuous Loss as of December 31, 2018 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 $ — $ — $ (6,778) $ 157,939 $ (6,778) $ 157,939 Government agency mortgage-backed securities — — (15,174) 373,891 (15,174) 373,891 Government-sponsored enterprises mortgage-backed securities (1) 172 (5,293) 125,869 (5,294) 126,041 Collateralized mortgage obligations: Government agency — — (97,171) 2,475,532 (97,171) 2,475,532 Government-sponsored enterprises — — (17,745) 486,175 (17,745) 486,175 Total available-for-sale securities with unrealized losses $ (1) $ 172 $ (142,161) $ 3,619,406 $ (142,162) $ 3,619,578

Loans and Leases (Tables)

Loans and Leases (Tables)	9 Months Ended
Loans and Leases (Tables)	Sep. 30, 2019
Loans and Leases.
Schedule of components of loans and leases	September 30, December 31, (dollars in thousands) 2019 2018 Commercial and industrial $ 2,654,077 $ 3,208,760 Commercial real estate 3,309,389 2,990,783 Construction 486,977 626,757 Residential: Residential mortgage 3,671,424 3,527,101 Home equity line 916,106 912,517 Total residential 4,587,530 4,439,618 Consumer 1,637,549 1,662,504 Lease financing 167,874 147,769 Total loans and leases $ 12,843,396 $ 13,076,191
Schedule of components of remaining loan and lease commitments	September 30, December 31, (dollars in thousands) 2019 2018 Commercial and industrial $ 2,452,918 $ 2,484,857 Commercial real estate 126,033 114,186 Construction 627,675 526,938 Residential: Residential mortgage 327 121 Home equity line 1,045,455 913,636 Total residential 1,045,782 913,757 Consumer 1,561,670 1,509,853 Total loan and lease commitments $ 5,814,078 $ 5,549,591

Allowance for Loan and Lease _2

Allowance for Loan and Lease Losses (Tables)	9 Months Ended
Allowance for Loan and Lease Losses (Tables)	Sep. 30, 2019
Allowance for Loan and Lease Losses
Schedule of components of allowance for loan and lease losses	Three Months Ended September 30, 2019 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ 31,688 $ 22,204 $ 5,014 $ 446 $ 43,420 $ 33,638 $ 2,125 $ 138,535 Charge-offs (514) — — — (7) (8,015) — (8,536) Recoveries 241 30 — — 425 2,269 — 2,965 Increase (decrease) in Provision (4,098) (358) (361) (54) 241 5,838 (1,208) — Balance at end of period $ 27,317 $ 21,876 $ 4,653 $ 392 $ 44,079 $ 33,730 $ 917 $ 132,964 Nine Months Ended September 30, 2019 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ 34,501 $ 19,725 $ 5,813 $ 432 $ 44,906 $ 35,813 $ 528 $ 141,718 Charge-offs (2,514) — — (24) (7) (24,118) — (26,663) Recoveries 303 93 — — 860 7,103 — 8,359 Increase (decrease) in Provision (4,973) 2,058 (1,160) (16) (1,680) 14,932 389 9,550 Balance at end of period $ 27,317 $ 21,876 $ 4,653 $ 392 $ 44,079 $ 33,730 $ 917 $ 132,964 Three Months Ended September 30, 2018 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ 35,239 $ 20,507 $ 7,606 $ 557 $ 43,925 $ 31,509 $ 1,258 $ 140,601 Charge-offs (303) — — — (125) (5,700) — (6,128) Recoveries 51 21 — — 442 1,803 — 2,317 Increase (decrease) in Provision (1,551) 286 (1,388) (29) 147 6,381 614 4,460 Balance at end of period $ 33,436 $ 20,814 $ 6,218 $ 528 $ 44,389 $ 33,993 $ 1,872 $ 141,250 Nine Months Ended September 30, 2018 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for loan and lease losses: Balance at beginning of period $ 34,006 $ 18,044 $ 6,817 $ 611 $ 42,852 $ 31,249 $ 3,674 $ 137,253 Charge-offs (778) — — — (159) (18,615) — (19,552) Recoveries 154 175 — — 684 6,106 — 7,119 Increase (decrease) in Provision 54 2,595 (599) (83) 1,012 15,253 (1,802) 16,430 Balance at end of period $ 33,436 $ 20,814 $ 6,218 $ 528 $ 44,389 $ 33,993 $ 1,872 $ 141,250
Schedule of disaggregation of Allowance and recorded investment in loans by impairment methodology	September 30, 2019 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 $ 106 $ 25 $ — $ — $ 284 $ — $ — $ 415 Collectively evaluated for impairment 27,211 21,851 4,653 392 43,795 33,730 917 132,549 Balance at end of period $ 27,317 $ 21,876 $ 4,653 $ 392 $ 44,079 $ 33,730 $ 917 $ 132,964 Loans and leases: Individually evaluated for impairment $ 8,239 $ 3,577 $ — $ — $ 14,539 $ 200 $ — $ 26,555 Collectively evaluated for impairment 2,645,838 3,305,812 486,977 167,874 4,572,991 1,637,349 — 12,816,841 Balance at end of period $ 2,654,077 $ 3,309,389 $ 486,977 $ 167,874 $ 4,587,530 $ 1,637,549 $ — $ 12,843,396 December 31, 2018 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 $ 108 $ 32 $ — $ — $ 396 $ — $ — $ 536 Collectively evaluated for impairment 34,393 19,693 5,813 432 44,510 35,813 528 141,182 Balance at end of period $ 34,501 $ 19,725 $ 5,813 $ 432 $ 44,906 $ 35,813 $ 528 $ 141,718 Loans and leases: Individually evaluated for impairment $ 8,719 $ 5,743 $ — $ — $ 16,114 $ — $ — $ 30,576 Collectively evaluated for impairment 3,200,041 2,985,040 626,757 147,769 4,423,504 1,662,504 — 13,045,615 Balance at end of period $ 3,208,760 $ 2,990,783 $ 626,757 $ 147,769 $ 4,439,618 $ 1,662,504 $ — $ 13,076,191
Schedule of credit risk profiles by internally assigned grade for loans and leases	September 30, 2019 Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Total Grade: Pass $ 2,498,746 $ 3,139,428 $ 483,535 $ 166,880 $ 6,288,589 Special mention 119,553 125,082 308 878 245,821 Substandard 35,778 44,879 3,134 116 83,907 Total $ 2,654,077 $ 3,309,389 $ 486,977 $ 167,874 $ 6,618,317 December 31, 2018 Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Total Grade: Pass $ 3,069,546 $ 2,876,907 $ 625,607 $ 146,356 $ 6,718,416 Special mention 57,012 91,298 200 1,223 149,733 Substandard 82,010 22,578 950 190 105,728 Doubtful 192 — — — 192 Total $ 3,208,760 $ 2,990,783 $ 626,757 $ 147,769 $ 6,974,069
Schedule of credit risk profiles based on payment activity for loans and leases	September 30, 2019 (dollars in thousands) Residential Mortgage Home Equity Line Consumer Consumer - Auto Credit Cards Total Performing $ 3,663,274 $ 910,032 $ 230,849 $ 1,029,124 $ 343,814 $ 6,177,093 Non-performing and delinquent 8,150 6,074 6,032 22,242 5,488 47,986 Total $ 3,671,424 $ 916,106 $ 236,881 $ 1,051,366 $ 349,302 $ 6,225,079 December 31, 2018 (dollars in thousands) Residential Mortgage Home Equity Line Consumer Consumer - Auto Credit Cards Total Performing $ 3,519,172 $ 903,284 $ 234,458 $ 1,044,393 $ 339,162 $ 6,040,469 Non-performing and delinquent 7,929 9,233 5,448 33,739 5,304 61,653 Total $ 3,527,101 $ 912,517 $ 239,906 $ 1,078,132 $ 344,466 $ 6,102,122
Schedule of aging analyses of past due loans and leases	September 30, 2019 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 $ 1,426 $ 1,204 $ 750 $ 3,380 $ 2,650,685 $ 2,654,065 $ 12 $ 2,654,077 Commercial real estate 699 80 — 779 3,308,577 3,309,356 33 3,309,389 Construction — 3,169 — 3,169 483,808 486,977 — 486,977 Lease financing — — — — 167,874 167,874 — 167,874 Residential mortgage 2,499 1,553 139 4,191 3,663,274 3,667,465 3,959 3,671,424 Home equity line 1,933 949 3,192 6,074 910,032 916,106 — 916,106 Consumer 24,375 6,111 3,076 33,562 1,603,787 1,637,349 200 1,637,549 Total $ 30,932 $ 13,066 $ 7,157 $ 51,155 $ 12,788,037 $ 12,839,192 $ 4,204 $ 12,843,396 December 31, 2018 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 $ 1,293 $ — $ 141 $ 1,434 $ 3,207,052 $ 3,208,486 $ 274 $ 3,208,760 Commercial real estate — — — — 2,989,125 2,989,125 1,658 2,990,783 Construction 91 — — 91 626,666 626,757 — 626,757 Lease financing 47 — — 47 147,722 147,769 — 147,769 Residential mortgage 2,274 1,012 32 3,318 3,519,172 3,522,490 4,611 3,527,101 Home equity line 5,616 775 2,842 9,233 903,284 912,517 — 912,517 Consumer 32,406 8,712 3,373 44,491 1,618,013 1,662,504 — 1,662,504 Total $ 41,727 $ 10,499 $ 6,388 $ 58,614 $ 13,011,034 $ 13,069,648 $ 6,543 $ 13,076,191
Schedule of total carrying amounts and total unpaid principal balances of impaired loans and leases	September 30, 2019 Unpaid Recorded Principal Related (dollars in thousands) Investment Balance Allowance Impaired loans with no related allowance recorded: Commercial and industrial $ 2,498 $ 2,510 $ — Commercial real estate 2,876 2,876 — Residential mortgage 8,454 8,519 — Consumer 200 632 — Total $ 14,028 $ 14,537 $ — Impaired loans with a related allowance recorded: Commercial and industrial $ 5,741 $ 5,741 $ 106 Commercial real estate 701 701 25 Residential mortgage 6,085 6,471 284 Total $ 12,527 $ 12,913 $ 415 Total impaired loans: Commercial and industrial $ 8,239 $ 8,251 $ 106 Commercial real estate 3,577 3,577 25 Residential mortgage 14,539 14,990 284 Consumer 200 632 — Total $ 26,555 $ 27,450 $ 415 December 31, 2018 Unpaid Recorded Principal Related (dollars in thousands) Investment Balance Allowance Impaired loans with no related allowance recorded: Commercial and industrial $ 4,449 $ 4,498 $ — Commercial real estate 5,016 5,016 — Residential mortgage 9,112 9,426 — Total $ 18,577 $ 18,940 $ — Impaired loans with a related allowance recorded: Commercial and industrial $ 4,270 $ 4,270 $ 108 Commercial real estate 727 727 32 Residential mortgage 7,002 7,387 396 Total $ 11,999 $ 12,384 $ 536 Total impaired loans: Commercial and industrial $ 8,719 $ 8,768 $ 108 Commercial real estate 5,743 5,743 32 Residential mortgage 16,114 16,813 396 Total $ 30,576 $ 31,324 $ 536
Schedule of average balances, and of interest income recognized from, impaired loans	Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 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 $ 3,888 $ 38 $ 3,653 $ 123 Commercial real estate 2,946 38 3,524 250 Residential mortgage 8,065 88 8,365 280 Consumer 100 — 50 — Total $ 14,999 $ 164 $ 15,592 $ 653 Impaired loans with a related allowance recorded: Commercial and industrial $ 4,673 $ 94 $ 5,325 $ 301 Commercial real estate 706 10 714 30 Residential mortgage 6,608 98 6,882 297 Total $ 11,987 $ 202 $ 12,921 $ 628 Total impaired loans: Commercial and industrial $ 8,561 $ 132 $ 8,978 $ 424 Commercial real estate 3,652 48 4,238 280 Residential mortgage 14,673 186 15,247 577 Consumer 100 — 50 — Total $ 26,986 $ 366 $ 28,513 $ 1,281 Three Months Ended Nine Months Ended September 30, 2018 September 30, 2018 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 $ 8,830 $ 38 $ 13,149 $ 141 Commercial real estate 7,671 47 8,587 116 Construction 2,120 12 1,560 12 Residential mortgage 10,069 132 9,416 399 Total $ 28,690 $ 229 $ 32,712 $ 668 Impaired loans with a related allowance recorded: Commercial and industrial $ 5,605 $ 136 $ 2,875 $ 402 Commercial real estate 1,106 17 996 51 Residential mortgage 7,238 77 7,461 248 Total $ 13,949 $ 230 $ 11,332 $ 701 Total impaired loans: Commercial and industrial $ 14,435 $ 174 $ 16,024 $ 543 Commercial real estate 8,777 64 9,583 167 Construction 2,120 12 1,560 12 Residential mortgage 17,307 209 16,877 647 Total $ 42,639 $ 459 $ 44,044 $ 1,369
Schedule of information related to loans modified in a TDR	Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 Number of Recorded Related Number of Recorded Related (dollars in thousands) Contracts Investment (1) Allowance Contracts Investment (1) Allowance Commercial and industrial — $ — $ — 4 $ 588 $ 26 Residential mortgage 1 609 — 2 957 13 Total 1 $ 609 $ — 6 $ 1,545 $ 39 (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. Three Months Ended Nine Months Ended September 30, 2018 September 30, 2018 Number of Recorded Related Number of Recorded Related (dollars in thousands) Contracts Investment (1) Allowance Contracts Investment (1) Allowance Commercial and industrial — $ — $ — 1 $ 450 $ 12 Residential mortgage 3 883 30 3 883 30 Total 3 $ 883 $ 30 4 $ 1,333 $ 42 (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 in period within 12 months of their permanent modification date	Three Months Ended Nine Months Ended Three Months Ended Nine Months Ended September 30, 2019 September 30, 2019 September 30, 2018 September 30, 2018 Number of Recorded Number of Recorded Number of Recorded Number of Recorded (dollars in Contracts Investment (1) Contracts Investment (1) Contracts Investment (1) Contracts Investment (1) Commercial and industrial (2) 2 $ 588 4 $ 588 — $ — 2 $ 254 Residential mortgage (3) — — 1 348 — — — — Total 2 $ 588 5 $ 936 — $ — 2 $ 254 (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, 2019, the commercial and industrial loans that subsequently defaulted were temporarily modified to interest-only payments. For the nine months ended September 30, 2018, the maturity dates for the commercial and industrial loans that subsequently defaulted were extended. (3) For the nine months ended September 30, 2019, the maturity date for the residential mortgage loan that subsequently defaulted was extended.

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	9 Months Ended
Mortgage Servicing Rights (Tables)	Sep. 30, 2019
Mortgage Servicing Rights
Schedule of estimated future amortization expense for mortgage servicing assets	Estimated (dollars in thousands) Amortization Under one year $ 2,467 One to two years 2,048 Two to three years 1,693 Three to four years 1,403 Four to five years 1,172
Schedule of gross carrying values, accumulated amortization, and net carrying values of mortgage servicing assets	September 30, December 31, (dollars in thousands) 2019 2018 Gross carrying amount $ 63,401 $ 63,342 Less: accumulated amortization 49,771 47,187 Net carrying value $ 13,630 $ 16,155
Schedule of changes in amortized mortgage servicing assets	Three Months Ended September 30, Nine Months Ended September 30, (dollars in thousands) 2019 2018 2019 2018 Balance at beginning of period $ 14,573 $ 17,660 $ 16,155 $ 13,196 Originations 35 233 59 262 Purchases — — — 6,444 Amortization (978) (956) (2,584) (2,965) Balance at end of period $ 13,630 $ 16,937 $ 13,630 $ 16,937 Fair value of amortized MSRs at beginning of period $ 23,398 $ 28,344 $ 27,662 $ 21,697 Fair value of amortized MSRs at end of period $ 19,678 $ 27,945 $ 19,678 $ 27,945
Schedule of quantitative assumptions used in determining lower of cost or fair value of MSRs	September 30, 2019 December 31, 2018 Weighted Weighted Range Average Range Average Conditional prepayment rate 12.41 % - 21.77 % 12.61 % 7.86 % - 19.26 % 8.31 % Life in years (of the MSR) 2.13 - 5.79 5.51 3.43 - 7.68 7.19 Weighted-average coupon rate 3.97 % - 7.31 % 4.02 % 3.97 % - 6.70 % 4.02 % Discount rate 10.00 % - 10.01 % 10.00 % 10.00 % - 10.02 % 10.00 %

Transfers of Financial Assets (

Transfers of Financial Assets (Tables)	9 Months Ended
Transfers of Financial Assets (Tables)	Sep. 30, 2019
Transfers of Financial Assets
Schedule of carrying amounts of assets pledged as collateral	(dollars in thousands) September 30, 2019 December 31, 2018 Public deposits $ 1,775,871 $ 1,749,726 Federal Home Loan Bank 2,858,513 2,497,030 Federal Reserve Bank 675,347 957,017 ACH transactions 151,014 150,903 Interest rate swaps 47,129 28,843 Total $ 5,507,874 $ 5,383,519

Deposits (Tables)

Deposits (Tables)	9 Months Ended
Deposits (Tables)	Sep. 30, 2019
Deposits
Schedule of deposits by category	(dollars in thousands) September 30, 2019 December 31, 2018 U.S.: Interest-bearing $ 10,352,703 $ 10,393,449 Noninterest-bearing 5,067,812 5,368,729 Foreign: Interest-bearing 783,721 748,678 Noninterest-bearing 653,010 639,212 Total deposits $ 16,857,246 $ 17,150,068
Schedule of maturity distribution of time certificates of deposit	The following table presents the maturity distribution of time certificates of deposit as of September 30, 2019: Under $250,000 (dollars in thousands) $250,000 or More Total Three months or less $ 241,794 $ 548,437 $ 790,231 Over three through six months 219,641 615,730 835,371 Over six through twelve months 353,128 241,884 595,012 One to two years 110,732 58,906 169,638 Two to three years 117,527 56,303 173,830 Three to four years 51,400 13,113 64,513 Four to five years 69,740 9,224 78,964 Thereafter 34 — 34 Total $ 1,163,996 $ 1,543,597 $ 2,707,593

Short-Term Borrowings (Tables)

Short-Term Borrowings (Tables)	9 Months Ended
Short-Term Borrowings (Tables)	Sep. 30, 2019
Short-Term Borrowings
Schedule of short-term borrowings	(dollars in thousands) September 30, 2019 December 31, 2018 Short-term FHLB fixed-rate advances (1) $ 400,000 $ — Total short-term borrowings $ 400,000 $ — (1) Interest is payable monthly.

Long-Term Borrowings (Tables)

Long-Term Borrowings (Tables)	9 Months Ended
Long-Term Borrowings (Tables)	Sep. 30, 2019
Long-Term Borrowings
Schedule of long-term borrowings	(dollars in thousands) September 30, 2019 December 31, 2018 Finance lease $ 18 $ 26 FHLB fixed-rate advances (1) 200,000 600,000 Total long-term borrowings $ 200,018 $ 600,026 (1) Interest is payable monthly.
Schedule of future contractual principal payments on long-term borrowings	Principal (dollars in thousands) Payments 2019 $ — 2020 9 2021 9 2022 — 2023 (1) 100,000 Thereafter (2) 100,000 Total $ 200,018 (1) FHLB fixed-rate advance callable on December 4, 2020 with an interest rate of 2.80% . (2) FHLB fixed-rate advance callable on January 15, 2021 with an interest rate of 2.65% .

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
Accumulated Other Comprehensive Loss (Tables)	Sep. 30, 2019
Accumulated Other Comprehensive Loss
Schedule of changes in accumulated other comprehensive loss	Income Tax Pre-tax Benefit Net of (dollars in Amount (Expense) Tax Accumulated other comprehensive loss at June 30, 2019 $ (43,772) $ 11,788 $ (31,984) Three months ended September 30, 2019 Investment securities: Unrealized net gains arising during the period 18,079 (4,869) 13,210 Net change in investment securities 18,079 (4,869) 13,210 Other comprehensive income 18,079 (4,869) 13,210 Accumulated other comprehensive loss at September 30, 2019 $ (25,693) $ 6,919 $ (18,774) Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at December 31, 2018 $ (180,915) $ 48,720 $ (132,195) Nine months ended September 30, 2019 Pension and other benefits: Net actuarial losses arising during the period (813) 219 (594) Net change in pension and other benefits (813) 219 (594) Investment securities: Unrealized net gains arising during the period 153,443 (41,322) 112,121 Reclassification of net losses to net income: Investment securities losses, net 2,592 (698) 1,894 Net change in investment securities 156,035 (42,020) 114,015 Other comprehensive income 155,222 (41,801) 113,421 Accumulated other comprehensive loss at September 30, 2019 $ (25,693) $ 6,919 $ (18,774) Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at June 30, 2018 $ (249,648) $ 67,238 $ (182,410) Three months ended September 30, 2018 Investment securities: Unrealized net losses arising during the period (30,682) 8,262 (22,420) Net change in investment securities (30,682) 8,262 (22,420) Cash flow derivative hedges: Unrealized net gains on cash flow derivative hedges arising during the period 178 (47) 131 Net change in cash flow derivative hedges 178 (47) 131 Other comprehensive loss (30,504) 8,215 (22,289) Accumulated other comprehensive loss at September 30, 2018 $ (280,152) $ 75,453 $ (204,699) Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at December 31, 2017 $ (159,423) $ 63,040 $ (96,383) Nine months ended September 30, 2018 Early adoption of ASU No. 2018-02 — (20,068) (20,068) Investment securities: Unrealized net losses arising during the period (122,070) 32,834 (89,236) Net change in investment securities (122,070) 32,834 (89,236) Cash flow derivative hedges: Unrealized net gains on cash flow derivative hedges arising during the period 1,341 (353) 988 Net change in cash flow derivative hedges 1,341 (353) 988 Other comprehensive loss (120,729) 32,481 (88,248) Accumulated other comprehensive loss at September 30, 2018 $ (280,152) $ 75,453 $ (204,699)
Summary of changes in accumulated other comprehensive loss, net of tax	Pensions Accumulated and Other Other Investment Cash Flow Comprehensive (dollars in thousands) Benefits Securities Derivative Hedges Income (Loss) Three Months Ended September 30, 2019 Balance at beginning of period $ (28,973) $ (3,011) $ — $ (31,984) Other comprehensive income — 13,210 — 13,210 Balance at end of period $ (28,973) $ 10,199 $ — $ (18,774) Nine Months Ended September 30, 2019 Balance at beginning of period $ (28,379) $ (103,816) $ — $ (132,195) Other comprehensive (loss) income (594) 114,015 — 113,421 Balance at end of period $ (28,973) $ 10,199 $ — $ (18,774) Three Months Ended September 30, 2018 Balance at beginning of period $ (31,339) $ (156,373) $ 5,302 $ (182,410) Other comprehensive loss — (22,420) 131 (22,289) Balance at end of period $ (31,339) $ (178,793) $ 5,433 $ (204,699) Nine Months Ended September 30, 2018 Balance at beginning of period $ (25,946) $ (74,117) $ 3,680 $ (96,383) Early adoption of ASU No. 2018-02 (5,393) (15,440) 765 (20,068) Other comprehensive loss — (89,236) 988 (88,248) Balance at end of period $ (31,339) $ (178,793) $ 5,433 $ (204,699)

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	9 Months Ended
Regulatory Capital Requirements (Tables)	Sep. 30, 2019
Regulatory Capital Requirements
Schedule of regulatory capital ratios	First Hawaiian Minimum Well- First Hawaiian, Inc. Bank Capital Capitalized (dollars in thousands) Amount Ratio Amount Ratio Ratio (1) Ratio (1) September 30, 2019: Common equity tier 1 capital to risk-weighted assets $ 1,677,840 12.15 % $ 1,662,785 12.04 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,677,840 12.15 % 1,662,785 12.04 % 6.00 % 8.00 % Total capital to risk-weighted assets 1,811,404 13.11 % 1,796,349 13.00 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,677,840 8.68 % 1,662,785 8.61 % 4.00 % 5.00 % December 31, 2018: Common equity tier 1 capital to risk-weighted assets $ 1,661,542 11.97 % $ 1,658,172 11.94 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,661,542 11.97 % 1,658,172 11.94 % 6.00 % 8.00 % Total capital to risk-weighted assets 1,803,860 12.99 % 1,800,490 12.97 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,661,542 8.72 % 1,658,172 8.70 % 4.00 % 5.00 % (1) As defined by the regulations issued by the Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and Federal Deposit Insurance Corporation (“FDIC”).

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
Derivative Financial Instruments (Tables)	Sep. 30, 2019
Derivative Financial Instruments
Summary of notional amounts and fair values of derivatives held	September 30, 2019 December 31, 2018 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 $ 23,545 $ — $ (927) $ 41,317 $ 31 $ (44) Derivatives not designated as hedging instruments: Interest rate swaps 2,749,924 85,883 — 2,269,247 12,305 (12,007) Funding swap 69,378 — (584) 62,039 — (2,607) Foreign exchange contracts 2,514 — (31) 1,191 — (34) (1) The positive fair values of derivative assets are included in other assets. (2) The negative fair values of derivative liabilities are included in other liabilities.
Schedule of net gains and losses recognized in income related to derivatives in fair value hedging relationships	Gains (losses) recognized in Three Months Ended Nine Months Ended the consolidated statements September 30, September 30, (dollars in of income line item 2019 2018 2019 2018 Gains (losses) on fair value hedging relationships recognized in interest income (1) : Recognized on interest rate swap Loans and lease financing $ (151) $ — $ (917) $ — Recognized on hedged item Loans and lease financing 255 — 944 — Gains (losses) on fair value hedging relationships recognized in noninterest income (2) : Recognized on interest rate swap Other $ — $ 273 $ — $ 1,231 Recognized on hedged item Other — (261) — (1,348) (1) In connection with the adoption of ASU 2017-12, beginning January 1, 2019, gain (loss) amounts for the interest rate swap qualifying as fair value hedging and the hedged item are included in interest income from loans and lease financing. (2) Prior to January 1, 2019, gain (loss) amounts for the interest rate swaps qualifying as fair value hedging and the hedged items were included in other noninterest income.
Schedule of amounts related to cumulative basis adjustments for fair value hedges	Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Asset Carrying Amount of the Hedged Asset (dollars in September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 Line item in the consolidated balance sheets in which the hedged item is included Loans and leases $ 24,797 $ 42,496 $ 1,226 $ 293
Summary of effect of cash flow hedging relationships	Three Months Ended Nine Months Ended (dollars in September 30, 2018 September 30, 2018 Pretax gains recognized in other comprehensive income on derivatives (effective portion) $ 178 $ 1,341
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 of income line item 2019 2018 2019 2018 Derivatives Not Designated As Hedging Instruments: Interest rate swaps Other noninterest income $ — $ 112 $ 16 $ 744 Funding swap Other noninterest income (417) (43) (659) (123) Foreign exchange contracts Other noninterest income 30 34 29 (58)

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	9 Months Ended
Commitments and Contingent Liabilities (Tables)	Sep. 30, 2019
Commitments and Contingent Liabilities
Schedule of financial instruments with off-balance sheet risk	September 30, December 31, (dollars in 2019 2018 Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 5,814,078 $ 5,549,591 Standby letters of credit 183,992 204,324 Commercial letters of credit 5,024 7,535

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
Revenue from Contracts with Customers (Tables)	Sep. 30, 2019
Revenue from Contracts with Customers
Summary of revenues disaggregated by type of service and business segments	Three Months Ended September 30, 2019 Treasury Retail Commercial and (dollars in Banking Banking Other Total Net interest income (1) $ 111,529 $ 29,359 $ 2,193 $ 143,081 Service charges on deposit accounts 8,073 3 478 8,554 Credit and debit card fees — 14,623 1,718 16,341 Other service charges and fees 5,155 306 537 5,998 Trust and investment services income 8,698 — — 8,698 Other 138 726 191 1,055 Not in scope of Topic 606 (1) 2,185 1,488 5,661 9,334 Total noninterest income 24,249 17,146 8,585 49,980 Total revenue $ 135,778 $ 46,505 $ 10,778 $ 193,061 Nine Months Ended September 30, 2019 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 339,559 $ 85,920 $ 8,304 $ 433,783 Service charges on deposit accounts 23,051 9 1,677 24,737 Credit and debit card fees — 43,564 5,135 48,699 Other service charges and fees 15,429 1,543 1,659 18,631 Trust and investment services income 26,247 — — 26,247 Other 493 2,996 729 4,218 Not in scope of Topic 606 (1) 6,887 5,533 10,873 23,293 Total noninterest income 72,107 53,645 20,073 145,825 Total revenue $ 411,666 $ 139,565 $ 28,377 $ 579,608 (1) Most of the Company’s revenue is not within the scope of ASU No. 2014-09, Revenue from Contracts with Customers. The guidance explicitly excludes net interest income from financial assets and liabilities as well as other noninterest income from loans, leases, investment securities and derivative financial instruments. Three Months Ended September 30, 2018 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 111,804 $ 29,639 $ (185) $ 141,258 Service charges on deposit accounts 7,494 4 435 7,933 Credit and debit card fees — 19,602 1,783 21,385 Other service charges and fees 5,161 1,063 374 6,598 Trust and investment services income 7,487 — — 7,487 Other 134 1,427 255 1,816 Not in scope of Topic 606 (1) 2,400 (4,295) 4,081 2,186 Total noninterest income 22,676 17,801 6,928 47,405 Total revenue $ 134,480 $ 47,440 $ 6,743 $ 188,663 Nine Months Ended September 30, 2018 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 332,731 $ 86,320 $ 3,282 $ 422,333 Service charges on deposit accounts 22,077 11 1,521 23,609 Credit and debit card fees — 58,409 5,380 63,789 Other service charges and fees 15,004 2,997 1,527 19,528 Trust and investment services income 23,429 — — 23,429 Other 430 5,224 924 6,578 Not in scope of Topic 606 (1) 6,626 (7,377) 9,720 8,969 Total noninterest income 67,566 59,264 19,072 145,902 Total revenue $ 400,297 $ 145,584 $ 22,354 $ 568,235 (1) Most of the Company’s revenue is not within the scope of ASU No. 2014-09, Revenue from Contracts with Customers. The guidance explicitly excludes net interest income from financial assets and liabilities as well as other noninterest income from loans, leases, investment securities and derivative financial instruments.

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
Earnings per Share (Tables)	Sep. 30, 2019
Earnings per Share
Schedule of computations of basic and diluted earnings per share	Three Months Ended September 30, Nine Months Ended September 30, (dollars in 2019 2018 2019 2018 Numerator: Net income $ 74,199 $ 67,388 $ 216,556 $ 204,399 Denominator: Basic: weighted-average shares outstanding 132,583,902 135,466,669 133,957,192 137,643,005 Add: weighted-average equity-based awards 293,867 208,829 274,570 166,568 Diluted: weighted-average shares outstanding 132,877,769 135,675,498 134,231,762 137,809,573 Basic earnings per share $ 0.56 $ 0.50 $ 1.62 $ 1.48 Diluted earnings per share $ 0.56 $ 0.50 $ 1.61 $ 1.48

Leases (Tables)

Leases (Tables)	9 Months Ended
Leases (Tables)	Sep. 30, 2019
Leases
Summary of net lease expense	The components of the Company’s net lease expense for the three and nine months ended September 30, 2019 were as follows: (dollars in thousands) Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 Operating lease expense $ 2,284 $ 6,887 Short-term lease expense 111 365 Variable lease expense 795 1,842 Finance lease expense: Amortization of right-of-use assets 1 2 Interest on lease liabilities — 1 Total finance lease expense 1 3 Less: Sublease income (268) (766) Net lease expense $ 2,923 $ 8,331
Summary of other information related to the Company's lease liabilities	(dollars in thousands) Nine Months Ended September 30, 2019 Supplemental Cash Flows Information Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows paid for operating leases $ 7,166 Operating cash flows paid for finance leases 89 Financing cash flows paid for finance leases 10 Right-of-use assets obtained in exchange for new lease obligations: Operating leases $ 1,401 Weighted Average Remaining Lease Term Operating leases (years) 15.6 Finance leases (years) 2.8 Weighted Average Discount Rate Operating leases 3.34 % Finance leases 6.78 %
Summary of future minimum rental payments under noncancellable leases	The following table sets forth future minimum rental payments under noncancelable operating leases with terms in excess of one year as of September 30, 2019: Net Operating Lease (dollars in thousands) Payments Year ending December 31: 2019 (excluding the nine months ended September 30, 2019) $ 1,635 2020 8,799 2021 8,107 2022 5,477 2023 2,964 Thereafter 34,948 Total future minimum lease payments 61,930 Less: Imputed interest (16,289) Total $ 45,641 The following table presents future minimum rental payments under operating leases with terms in excess of one year as of December 31, 2018 presented in accordance with Topic 840, “Leases” Operating Less Net Operating Lease Sublease Lease (dollars in thousands) Payments Income Payments Year ending December 31: 2019 $ 8,780 $ 903 $ 7,877 2020 8,668 903 7,765 2021 7,961 892 7,069 2022 5,101 — 5,101 2023 2,632 — 2,632 Thereafter 34,638 — 34,638 Total future minimum lease payments $ 67,780 $ 2,698 $ 65,082
Summary of future minimum rental income under noncancellable operating leases	Minimum Rental (dollars in thousands) Income Year ending December 31: 2019 (excluding the nine months ended September 30, 2019) $ 1,491 2020 5,997 2021 5,989 2022 4,268 2023 3,343 Thereafter 8,132 Total $ 29,220

Benefit Plans (Tables)

Benefit Plans (Tables)	9 Months Ended
Benefit Plans (Tables)	Sep. 30, 2019
Benefit Plans
Schedule of components of net periodic benefit cost	Income line item where recognized in Pension Benefits Other Benefits (dollars in the consolidated statements of income 2019 2018 2019 2018 Three Months Ended September 30, Service cost Salaries and employee benefits $ 18 $ 174 $ 160 $ 80 Interest cost Other noninterest expense 2,044 1,840 203 293 Expected return on plan assets Other noninterest expense (1,195) (1,318) — — Prior service credit Other noninterest expense — — (107) (108) Recognized net actuarial loss (gain) Other noninterest expense 1,564 1,829 (76) — Total net periodic benefit cost $ 2,431 $ 2,525 $ 180 $ 265 Nine Months Ended September 30, Service cost Salaries and employee benefits $ 52 $ 522 $ 478 $ 505 Interest cost Other noninterest expense 6,132 5,429 615 662 Expected return on plan assets Other noninterest expense (3,585) (3,797) — — Prior service credit Other noninterest expense — — (321) (322) Recognized net actuarial loss (gain) Other noninterest expense 4,692 5,049 (228) — Total net periodic benefit cost $ 7,291 $ 7,203 $ 544 $ 845

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
Fair Value (Tables)	Sep. 30, 2019
Fair Value
Schedule of assets and liabilities measured at fair value on a recurring basis	Fair Value Measurements as of September 30, 2019 Quoted Prices in Significant Active Markets for Other Significant Identical Assets Observable Unobservable (dollars in (Level 1) Inputs (Level 2) Inputs (Level 3) Total Assets U.S. Treasury securities $ — $ 29,738 $ — $ 29,738 Government agency debt securities — 24,472 — 24,472 Government-sponsored enterprises debt securities — 126,649 — 126,649 Government agency mortgage-backed securities (1) — 343,905 — 343,905 Government-sponsored enterprises mortgage-backed securities (1) — 371,949 — 371,949 Collateralized mortgage obligations: Government agency — 2,486,524 — 2,486,524 Government-sponsored enterprises — 773,845 — 773,845 Total available-for-sale securities — 4,157,082 — 4,157,082 Other assets (2) — 85,883 — 85,883 Liabilities Other liabilities (3) — (958) (584) (1,542) Total $ — $ 4,242,007 $ (584) $ 4,241,423 (1) Backed by residential real estate. (2) Other assets include derivative assets. (3) Other liabilities include derivative liabilities. Fair Value Measurements as of December 31, 2018 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 $ — $ 389,470 $ — $ 389,470 Government-sponsored enterprises debt securities — 241,594 — 241,594 Government agency mortgage-backed securities (1) — 411,536 — 411,536 Government-sponsored enterprises mortgage-backed securities (1) — 150,847 — 150,847 Collateralized mortgage obligations: Government agency — 2,682,449 — 2,682,449 Government-sponsored enterprises — 602,592 — 602,592 Debt securities issued by states and political subdivisions — 19,854 — 19,854 Total available-for-sale securities — 4,498,342 — 4,498,342 Other assets (2) — 12,336 — 12,336 Liabilities Other liabilities (3) — (12,085) (2,607) (14,692) Total $ — $ 4,498,593 $ (2,607) $ 4,495,986 (1) Backed by residential real estate. (2) Other assets include derivative assets. (3) Other liabilities include derivative liabilities.
Summary of changes in Level 3 liabilities measured at fair value on a recurring basis	Visa Derivative (dollars in 2019 2018 Three Months Ended September 30, Balance as of July 1, $ (1,179) $ (4,114) Total net losses included in other noninterest income (417) (43) Settlements 1,012 772 Balance as of September 30, $ (584) $ (3,385) Total net losses included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of September 30, $ (417) $ (43) Nine Months Ended September 30, Balance as of January 1, $ (2,607) $ (5,439) Total net losses included in other noninterest income (659) (123) Settlements 2,682 2,177 Balance as of September 30, $ (584) $ (3,385) Total net losses included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of September 30, $ (659) $ (123)
Summary of estimated fair value of financial instruments not required to be carried at fair value on a recurring basis	September 30, 2019 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: Cash and cash equivalents $ 1,344,017 $ 358,863 $ 985,154 $ — $ 1,344,017 Loans held for sale 1,594 — 1,594 — 1,594 Loans (1) 12,675,522 — — 12,844,384 12,844,384 Financial liabilities: Time deposits (2) $ 2,707,593 $ — $ 2,699,798 $ — $ 2,699,798 Short-term borrowings 400,000 — 402,133 — 402,133 Long-term borrowings (3) 200,000 — 209,149 — 209,149 December 31, 2018 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: Cash and cash equivalents $ 1,003,637 $ 396,836 $ 606,801 $ — $ 1,003,637 Loans held for sale 432 — 432 — 432 Loans (1) 12,928,422 — — 12,664,170 12,664,170 Financial liabilities: Time deposits (2) $ 3,092,164 $ — $ 3,058,792 $ — $ 3,058,792 Long-term borrowings (3) 600,000 — 602,088 — 602,088 (1) Excludes financing leases of $167.9 million at September 30, 2019 and $147.8 million at December 31, 2018. (2) Excludes deposit liabilities with no defined or contractual maturity of $14.1 billion as of both September 30, 2019 and December 31, 2018. (3) Excludes capital lease obligations of $18 thousand and $26 thousand at September 30, 2019 and December 31, 2018, respectively.
Schedule of assets with fair value adjustments on a nonrecurring basis	(dollars Level 1 Level 2 Level 3 September 30, 2019 Impaired loans $ — $ — $ 882 December 31, 2018 Impaired loans $ — $ — $ 402
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, 2019 Significant Range (dollars in thousands) Fair value Valuation Technique Unobservable Input (Weighted Average) Impaired loans $ 882 Appraisal Value Appraisal Value n/m (1) Visa derivative $ (584) Discounted Cash Flow Expected Conversion Rate 1.6228 Expected Term 4 years Growth Rate 15% Quantitative Information about Level 3 Fair Value Measurements at December 31, 2018 Range (dollars in thousands) Fair value Valuation Technique Unobservable Input (Weighted Average) Impaired loans $ 402 Appraisal Value Appraisal Value n/m (1) Visa derivative $ (2,607) Discounted Cash Flow Expected Conversion Rate 1.6298 Expected Term 4 years Growth Rate 15% (1) The fair value of these assets is determined based on appraised values of collateral or broker price opinions, the range of which is not meaningful to disclose.

Reportable Operating Segments (

Reportable Operating Segments (Tables)	9 Months Ended
Reportable Operating Segments (Tables)	Sep. 30, 2019
Reportable Operating Segments
Schedule of selected business segment financial information	Treasury Retail Commercial and (dollars in Banking Banking Other Total Three Months Ended September 30, 2019 Net interest income $ 111,529 $ 29,359 $ 2,193 $ 143,081 Provision for loan and lease losses — — — — Net interest income after provision for loan and lease losses 111,529 29,359 2,193 143,081 Noninterest income 24,249 17,146 8,585 49,980 Noninterest expense (57,280) (20,073) (16,113) (93,466) Income (loss) before (provision) benefit for income taxes 78,498 26,432 (5,335) 99,595 (Provision) benefit for income taxes (19,941) (6,781) 1,326 (25,396) Net income (loss) $ 58,557 $ 19,651 $ (4,009) $ 74,199 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Nine Months Ended September 30, 2019 Net interest income $ 339,559 $ 85,920 $ 8,304 $ 433,783 Provision for loan and lease losses (4,324) (5,226) — (9,550) Net interest income after provision for loan and lease losses 335,235 80,694 8,304 424,233 Noninterest income 72,107 53,645 20,073 145,825 Noninterest expense (173,938) (59,299) (46,142) (279,379) Income (loss) before (provision) benefit for income taxes 233,404 75,040 (17,765) 290,679 (Provision) benefit for income taxes (59,338) (19,278) 4,493 (74,123) Net income (loss) $ 174,066 $ 55,762 $ (13,272) $ 216,556 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Three Months Ended September 30, 2018 Net interest income (expense) $ 111,804 $ 29,639 $ (185) $ 141,258 Provision for loan and lease losses (1,760) (2,700) — (4,460) Net interest income (expense) after provision for loan and lease losses 110,044 26,939 (185) 136,798 Noninterest income 22,676 17,801 6,928 47,405 Noninterest expense (58,069) (19,731) (15,347) (93,147) Income (loss) before (provision) benefit for income taxes 74,651 25,009 (8,604) 91,056 (Provision) benefit for income taxes (19,450) (6,435) 2,217 (23,668) Net income (loss) $ 55,201 $ 18,574 $ (6,387) $ 67,388 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Nine Months Ended September 30, 2018 Net interest income $ 332,731 $ 86,320 $ 3,282 $ 422,333 Provision for loan and lease losses (6,484) (9,946) — (16,430) Net interest income after provision for loan and lease losses 326,247 76,374 3,282 405,903 Noninterest income 67,566 59,264 19,072 145,902 Noninterest expense (170,114) (60,575) (44,910) (275,599) Income (loss) before (provision) benefit for income taxes 223,699 75,063 (22,556) 276,206 (Provision) benefit for income taxes (58,291) (19,329) 5,813 (71,807) Net income (loss) $ 165,408 $ 55,734 $ (16,743) $ 204,399

Organization and Basis of Pre_3

Organization and Basis of Presentation - Subsidiary Ownership (Details)	Sep. 30, 2019
First Hawaiian Bank (FHB)
Capitalization
Outstanding common stock owned (as a percent)	100.00%

Organization and Basis of Pre_4

Organization and Basis of Presentation - Transition to an Independent Public Company (Details) - BNP Paribas (BNPP) - First Hawaiian, Inc. (FHI)	Feb. 01, 2019shares
Reorganization Transactions
Number of shares sold	24,859,750
Outstanding common stock owned (as a percent)	0.00%

Organization and Basis of Pre_5

Organization and Basis of Presentation - Accounting Standards Adopted (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Jan. 01, 2019
Accounting Standards Adopted in 2019
Recognized lease liability on consolidated balance sheet	$ 45.6
Right-of-use asset on consolidated balance sheet	$ 46.1
Practical expedient, ASU No. 2016-02	true
ASU 2016-02
Accounting Standards Adopted in 2019
Recognized lease liability on consolidated balance sheet			$ 50.3
Right-of-use asset on consolidated balance sheet			$ 50.6
ASU 2018-15
Accounting Standards Adopted in 2019
Change in Accounting Principle, Accounting Standards Update, Early Adoption [true false]			true
Hosting arrangements that are service contracts	$ 6.3
ASU 2016-13
Accounting Standards Adopted in 2019
Percentage of estimated increase in ACL and the reserve for unfunded commitments	15.00%	10.00%
Allocation period, impact Of adoption of ASU	3 years

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Value of Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Available for sale debt securities
Amortized Cost	$ 4,143,124	$ 4,640,419
Unrealized Gains	27,631	85
Unrealized Losses	(13,673)	(142,162)
Fair value	4,157,082	4,498,342
U.S. Treasury securities
Available for sale debt securities
Amortized Cost	29,653	389,470
Unrealized Gains	85
Fair value	29,738	389,470
Government agency debt securities
Available for sale debt securities
Amortized Cost	24,387
Unrealized Gains	85
Fair value	24,472
Government-sponsored enterprises debt securities
Available for sale debt securities
Amortized Cost	126,696	248,372
Unrealized Gains	28
Unrealized Losses	(75)	(6,778)
Fair value	126,649	241,594
Government agency mortgage-backed securities
Available for sale debt securities
Amortized Cost	342,326	426,710
Unrealized Gains	2,738
Unrealized Losses	(1,159)	(15,174)
Fair value	343,905	411,536
Government-sponsored enterprises mortgage-backed securities
Available for sale debt securities
Amortized Cost	366,346	156,056
Unrealized Gains	6,831	85
Unrealized Losses	(1,228)	(5,294)
Fair value	371,949	150,847
Collateralized mortgage obligations: Government agency
Available for sale debt securities
Amortized Cost	2,479,961	2,779,620
Unrealized Gains	13,900
Unrealized Losses	(7,337)	(97,171)
Fair value	2,486,524	2,682,449
Collateralized mortgage obligations: Government-sponsored enterprises
Available for sale debt securities
Amortized Cost	773,755	620,337
Unrealized Gains	3,964
Unrealized Losses	(3,874)	(17,745)
Fair value	$ 773,845	602,592
Debt securities issued by states and political subdivisions
Available for sale debt securities
Amortized Cost		19,854
Fair value		$ 19,854

Investment Securities - Proceed

Investment Securities - Proceeds from Calls and Sales, Realized Gains and Losses and Interest Income (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Proceeds from calls and sales of investment securities
Proceeds from calls of available for sale securities	$ 38,000,000		$ 38,000,000
Proceeds from sales of available for sale securities			905,600,000
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract]
Gross realized gains on sales of investment securities	0	0	100,000	0
Gross realized losses on sales of investment securities	0	0	2,700,000	0
Income tax benefit related to net realized loss on sale of investment securities			700,000
Provision for income taxes related to net realized gains on sale of investment securities		0		0
Interest income from taxable and nontaxable investment securities
Taxable interest income	22,300,000	25,100,000	71,500,000	81,200,000
Non-taxable interest income	$ 0	$ 100,000	$ 0	$ 400,000

Investment Securities - Contrac

Investment Securities - Contractual Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Amortized Cost
Due in one year or less	$ 29,653
Due after one year through five years	126,696
Total contractual maturities	156,349
Amortized Cost	4,143,124	$ 4,640,419
Fair Value
Due in one year or less	29,738
Due after one year through five years	126,649
Total contractual maturities	156,387
Fair value	4,157,082	4,498,342
Government agency debt securities
Amortized Cost
Government debt securities, mortgaged-backed securities and obligations	24,387
Amortized Cost	24,387
Fair Value
Government debt securities, mortgaged-backed securities and collateralized mortgage obligations	24,472
Fair value	24,472
Government agency mortgage-backed securities
Amortized Cost
Government debt securities, mortgaged-backed securities and obligations	342,326
Amortized Cost	342,326	426,710
Fair Value
Government debt securities, mortgaged-backed securities and collateralized mortgage obligations	343,905
Fair value	343,905	411,536
Government-sponsored enterprises mortgage-backed securities
Amortized Cost
Government debt securities, mortgaged-backed securities and obligations	366,346
Amortized Cost	366,346	156,056
Fair Value
Government debt securities, mortgaged-backed securities and collateralized mortgage obligations	371,949
Fair value	371,949	150,847
Collateralized mortgage obligations: Government agency
Amortized Cost
Government debt securities, mortgaged-backed securities and obligations	2,479,961
Amortized Cost	2,479,961	2,779,620
Fair Value
Government debt securities, mortgaged-backed securities and collateralized mortgage obligations	2,486,524
Fair value	2,486,524	2,682,449
Collateralized mortgage obligations: Government-sponsored enterprises
Amortized Cost
Government debt securities, mortgaged-backed securities and obligations	773,755
Amortized Cost	773,755	620,337
Fair Value
Government debt securities, mortgaged-backed securities and collateralized mortgage obligations	773,845
Fair value	773,845	$ 602,592
Collateralized mortgage obligations
Amortized Cost
Government debt securities, mortgaged-backed securities and obligations	3,253,716
Fair Value
Government debt securities, mortgaged-backed securities and collateralized mortgage obligations	$ 3,260,369

Investment Securities - Pledged

Investment Securities - Pledged Securities and Concentration (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Pledged securities
Total pledged securities	$ 2,000,000,000	$ 2,000,000,000
Securities pledged to secure public deposits	1,775,871,000	1,749,726,000
Securities pledged to secure other financial transactions	239,100,000	232,700,000
Non-government issuer
Concentration of risk
Securities of issuers in excess of 10% of stockholders' equity	$ 0	$ 0

Investment Securities - Unreali

Investment Securities - Unrealized Gross Losses and Fair Values of Securities in a Continuous Loss Position (Details) $ in Thousands	Sep. 30, 2019USD ($)security	Dec. 31, 2018USD ($)security
Securities in the available-for-sale portfolio in a continuous loss position
Number of individual securities in a continuous loss position \| security	90	154
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	$ (1,056)	$ (1)
12 Months or More Unrealized Losses	(12,617)	(142,161)
Total Unrealized Losses	(13,673)	(142,162)
Time in Continuous Loss, Fair Value
Less Than 12 Months Fair Value	540,128	172
12 Months or More Fair Value	1,109,559	3,619,406
Total Fair Value	1,649,687	3,619,578
Government-sponsored enterprises debt securities
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(75)
12 Months or More Unrealized Losses		(6,778)
Total Unrealized Losses	(75)	(6,778)
Time in Continuous Loss, Fair Value
Less Than 12 Months Fair Value	24,917
12 Months or More Fair Value		157,939
Total Fair Value	24,917	157,939
Government agency mortgage-backed securities
Time in Continuous Loss, Unrealized Losses
12 Months or More Unrealized Losses	(1,159)	(15,174)
Total Unrealized Losses	(1,159)	(15,174)
Time in Continuous Loss, Fair Value
12 Months or More Fair Value	115,069	373,891
Total Fair Value	115,069	373,891
Government-sponsored enterprises mortgage-backed securities
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses		(1)
12 Months or More Unrealized Losses	(1,228)	(5,293)
Total Unrealized Losses	(1,228)	(5,294)
Time in Continuous Loss, Fair Value
Less Than 12 Months Fair Value		172
12 Months or More Fair Value	115,456	125,869
Total Fair Value	115,456	126,041
Collateralized mortgage obligations: Government agency
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(820)
12 Months or More Unrealized Losses	(6,517)	(97,171)
Total Unrealized Losses	(7,337)	(97,171)
Time in Continuous Loss, Fair Value
Less Than 12 Months Fair Value	407,961
12 Months or More Fair Value	652,211	2,475,532
Total Fair Value	1,060,172	2,475,532
Collateralized mortgage obligations: Government-sponsored enterprises
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(161)
12 Months or More Unrealized Losses	(3,713)	(17,745)
Total Unrealized Losses	(3,874)	(17,745)
Time in Continuous Loss, Fair Value
Less Than 12 Months Fair Value	107,250
12 Months or More Fair Value	226,823	486,175
Total Fair Value	$ 334,073	$ 486,175

Investment Securities - Other-T

Investment Securities - Other-Than-Temporary Impairment (Details) $ in Millions	1 Months Ended	12 Months Ended
	Jan. 31, 2019USD ($)security	Dec. 31, 2018USD ($)security
Investment Securities
Total OTTI write-downs included in earnings		$ 24.1
Number of securities intended to sell or sold \| security	48	48
Amortized cost of securities intended to sell		$ 898.2
Additional loss from sale of securities	$ 2.6

Investment Securities - Visa Cl

Investment Securities - Visa Class B Restricted Shares (Details) $ in Thousands

12 Months Ended

Dec. 31, 2016USD ($)shares

Dec. 31, 2015shares

Dec. 31, 2014shares

Dec. 31, 2013shares

Dec. 31, 2012shares

Dec. 31, 2011shares

Dec. 31, 2010shares

Dec. 31, 2009shares

Dec. 31, 2008USD ($)shares

Sep. 30, 2019USD ($)shares

Sep. 27, 2019

Jun. 30, 2019

Dec. 31, 2018USD ($)shares

Jul. 31, 2018USD ($)

Jun. 28, 2018

Dec. 31, 2017

Visa | Class B restricted shares

Visa Class B Restricted Shares

Historical cost included in the balance sheets

$ 0

Net realized gain related to the sale of stock

$ 22,700

Number of shares sold | shares

274,000

Estimated liability that was subsequently paid to the buyer

$ 300

Shares held | shares

120,000

Cost basis

$ 0

Funding Swap (Visa Derivative) | Class B restricted shares

Visa Class B Restricted Shares

Conversion rate

1.6228

1.6298

1.6483

Funding Swap (Visa Derivative) | Visa

Visa Class B Restricted Shares

Estimated liability that was subsequently paid to the buyer

$ 300

$ 700

Visa | Class B restricted shares

Visa Class B Restricted Shares

Stock received in initial public offering (in shares) | shares

394,000

Loans and Leases - Components (

Loans and Leases - Components (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Loans and leases
Loans and leases	$ 12,843,396	$ 13,076,191
Outstanding loan balances, net deferred loan costs	41,200	36,300
Residential real estate loans pledged to collateralize the borrowing capacity at the FHLB	2,900,000	2,500,000
Consumer and commercial and industrial loans pledged to collateralize the borrowing capacity at the FRB	675,300	957,000
Real estate
Loans and leases
Loans and leases	4,587,530	4,439,618
Commercial and Industrial
Loans and leases
Loans and leases	2,654,077	3,208,760
Commercial real estate
Loans and leases
Loans and leases	3,309,389	2,990,783
Commercial real estate \| Real estate
Loans and leases
Loans and leases	3,309,389	2,990,783
Construction
Loans and leases
Loans and leases	486,977	626,757
Construction \| Real estate
Loans and leases
Loans and leases	486,977	626,757
Residential mortgage
Loans and leases
Loans and leases	4,587,530	4,439,618
Real estate loans in the process of foreclosure	4,600	4,600
Residential mortgage \| Real estate
Loans and leases
Loans and leases	3,671,424	3,527,101
Home equity line
Loans and leases
Loans and leases	916,106	912,517
Home equity line \| Real estate
Loans and leases
Loans and leases	916,106	912,517
Consumer
Loans and leases
Loans and leases	1,637,549	1,662,504
Lease financing
Loans and leases
Loans and leases	$ 167,874	$ 147,769

Loans and Leases - Commitments

Loans and Leases - Commitments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Loans and leases
Loan and lease commitments	$ 5,814,078	$ 5,549,591
Real estate
Loans and leases
Loan and lease commitments	1,045,782	913,757
Commercial and Industrial
Loans and leases
Loan and lease commitments	2,452,918	2,484,857
Commercial real estate \| Real estate
Loans and leases
Loan and lease commitments	126,033	114,186
Construction \| Real estate
Loans and leases
Loan and lease commitments	627,675	526,938
Residential mortgage \| Real estate
Loans and leases
Loan and lease commitments	327	121
Home equity line \| Real estate
Loans and leases
Loan and lease commitments	1,045,455	913,636
Consumer
Loans and leases
Loan and lease commitments	$ 1,561,670	$ 1,509,853

Allowance for Loan and Lease _3

Allowance for Loan and Lease Losses - Activity (Details)	3 Months Ended		9 Months Ended
Allowance for Loan and Lease Losses - Activity (Details)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)classsegment	Sep. 30, 2018USD ($)
Allowance for loan and lease losses
Number of primary portfolio segments \| segment			3
Allowance for loan and lease losses:
Balance at beginning of period	$ 138,535,000	$ 140,601,000	$ 141,718,000	$ 137,253,000
Charge-offs	(8,536,000)	(6,128,000)	(26,663,000)	(19,552,000)
Recoveries	2,965,000	2,317,000	8,359,000	7,119,000
Increase (decrease) in Provision		4,460,000	9,550,000	16,430,000
Balance at end of period	132,964,000	141,250,000	$ 132,964,000	141,250,000
Commercial Lending
Allowance for loan and lease losses
Number of distinct portfolios \| class			4
Commercial and Industrial
Allowance for loan and lease losses:
Balance at beginning of period	31,688,000	35,239,000	$ 34,501,000	34,006,000
Charge-offs	(514,000)	(303,000)	(2,514,000)	(778,000)
Recoveries	241,000	51,000	303,000	154,000
Increase (decrease) in Provision	(4,098,000)	(1,551,000)	(4,973,000)	54,000
Balance at end of period	27,317,000	33,436,000	27,317,000	33,436,000
Commercial real estate
Allowance for loan and lease losses:
Balance at beginning of period	22,204,000	20,507,000	19,725,000	18,044,000
Recoveries	30,000	21,000	93,000	175,000
Increase (decrease) in Provision	(358,000)	286,000	2,058,000	2,595,000
Balance at end of period	21,876,000	20,814,000	21,876,000	20,814,000
Construction
Allowance for loan and lease losses:
Balance at beginning of period	5,014,000	7,606,000	5,813,000	6,817,000
Increase (decrease) in Provision	(361,000)	(1,388,000)	(1,160,000)	(599,000)
Balance at end of period	4,653,000	6,218,000	4,653,000	6,218,000
Lease financing
Allowance for loan and lease losses:
Balance at beginning of period	446,000	557,000	432,000	611,000
Charge-offs			(24,000)
Increase (decrease) in Provision	(54,000)	(29,000)	(16,000)	(83,000)
Balance at end of period	392,000	528,000	392,000	528,000
Residential mortgage
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
Allowance for loan and lease losses:
Balance at beginning of period	43,420,000	43,925,000	44,906,000	42,852,000
Charge-offs	(7,000)	(125,000)	(7,000)	(159,000)
Recoveries	425,000	442,000	860,000	684,000
Increase (decrease) in Provision	241,000	147,000	(1,680,000)	1,012,000
Balance at end of period	44,079,000	44,389,000	44,079,000	44,389,000
Consumer
Allowance for loan and lease losses:
Balance at beginning of period	33,638,000	31,509,000	35,813,000	31,249,000
Charge-offs	(8,015,000)	(5,700,000)	(24,118,000)	(18,615,000)
Recoveries	2,269,000	1,803,000	7,103,000	6,106,000
Increase (decrease) in Provision	5,838,000	6,381,000	14,932,000	15,253,000
Balance at end of period	33,730,000	33,993,000	33,730,000	33,993,000
Unallocated
Allowance for loan and lease losses:
Balance at beginning of period	2,125,000	1,258,000	528,000	3,674,000
Increase (decrease) in Provision	(1,208,000)	614,000	389,000	(1,802,000)
Balance at end of period	$ 917,000	$ 1,872,000	$ 917,000	$ 1,872,000

Allowance for Loan and Lease _4

Allowance for Loan and Lease Losses - Disaggregation by Impairment Methodology (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Allowance for loan and lease losses:
Individually evaluated for impairment	$ 415		$ 536
Collectively evaluated for impairment	132,549		141,182
Total allowance for loan and lease losses	132,964	$ 138,535	141,718	$ 141,250	$ 140,601	$ 137,253
Loans and leases:
Individually evaluated for impairment	26,555		30,576
Collectively evaluated for impairment	12,816,841		13,045,615
Total loans and leases	12,843,396		13,076,191
Commercial Lending
Loans and leases:
Total loans and leases	6,618,317		6,974,069
Commercial and Industrial
Allowance for loan and lease losses:
Individually evaluated for impairment	106		108
Collectively evaluated for impairment	27,211		34,393
Total allowance for loan and lease losses	27,317	31,688	34,501	33,436	35,239	34,006
Loans and leases:
Individually evaluated for impairment	8,239		8,719
Collectively evaluated for impairment	2,645,838		3,200,041
Total loans and leases	2,654,077		3,208,760
Commercial real estate
Allowance for loan and lease losses:
Individually evaluated for impairment	25		32
Collectively evaluated for impairment	21,851		19,693
Total allowance for loan and lease losses	21,876	22,204	19,725	20,814	20,507	18,044
Loans and leases:
Individually evaluated for impairment	3,577		5,743
Collectively evaluated for impairment	3,305,812		2,985,040
Total loans and leases	3,309,389		2,990,783
Construction
Allowance for loan and lease losses:
Collectively evaluated for impairment	4,653		5,813
Total allowance for loan and lease losses	4,653	5,014	5,813	6,218	7,606	6,817
Loans and leases:
Collectively evaluated for impairment	486,977		626,757
Total loans and leases	486,977		626,757
Lease financing
Allowance for loan and lease losses:
Collectively evaluated for impairment	392		432
Total allowance for loan and lease losses	392	446	432	528	557	611
Loans and leases:
Collectively evaluated for impairment	167,874		147,769
Total loans and leases	167,874		147,769
Residential mortgage
Allowance for loan and lease losses:
Individually evaluated for impairment	284		396
Collectively evaluated for impairment	43,795		44,510
Total allowance for loan and lease losses	44,079	43,420	44,906	44,389	43,925	42,852
Loans and leases:
Individually evaluated for impairment	14,539		16,114
Collectively evaluated for impairment	4,572,991		4,423,504
Total loans and leases	4,587,530		4,439,618
Consumer
Allowance for loan and lease losses:
Collectively evaluated for impairment	33,730		35,813
Total allowance for loan and lease losses	33,730	33,638	35,813	33,993	31,509	31,249
Loans and leases:
Individually evaluated for impairment	200
Collectively evaluated for impairment	1,637,349		1,662,504
Total loans and leases	1,637,549		1,662,504
Unallocated
Allowance for loan and lease losses:
Collectively evaluated for impairment	917		528
Total allowance for loan and lease losses	$ 917	$ 2,125	$ 528	$ 1,872	$ 1,258	$ 3,674

Allowance for Loan and Lease _5

Allowance for Loan and Lease Losses - Credit Risk Profiles (Details)	9 Months Ended
	Sep. 30, 2019USD ($)factor	Dec. 31, 2018USD ($)
Credit quality
Percentage of loans sold with no recourse not subject to grading	100.00%
Number of risk factors in internal loan rating system \| factor	8
Loans and leases	$ 12,843,396,000	$ 13,076,191,000
Loss
Credit quality
Loans and leases	0	0
Commercial Lending
Credit quality
Loans and leases	6,618,317,000	6,974,069,000
Commercial Lending \| Pass
Credit quality
Loans and leases	6,288,589,000	6,718,416,000
Commercial Lending \| Special mention
Credit quality
Loans and leases	245,821,000	149,733,000
Commercial Lending \| Substandard
Credit quality
Loans and leases	83,907,000	105,728,000
Commercial Lending \| Doubtful
Credit quality
Loans and leases		192,000
Commercial and Industrial
Credit quality
Loans and leases	2,654,077,000	3,208,760,000
Commercial and Industrial \| Pass
Credit quality
Loans and leases	2,498,746,000	3,069,546,000
Commercial and Industrial \| Special mention
Credit quality
Loans and leases	119,553,000	57,012,000
Commercial and Industrial \| Substandard
Credit quality
Loans and leases	35,778,000	82,010,000
Commercial and Industrial \| Doubtful
Credit quality
Loans and leases		192,000
Commercial real estate
Credit quality
Loans and leases	3,309,389,000	2,990,783,000
Commercial real estate \| Pass
Credit quality
Loans and leases	3,139,428,000	2,876,907,000
Commercial real estate \| Special mention
Credit quality
Loans and leases	125,082,000	91,298,000
Commercial real estate \| Substandard
Credit quality
Loans and leases	44,879,000	22,578,000
Construction
Credit quality
Loans and leases	486,977,000	626,757,000
Construction \| Pass
Credit quality
Loans and leases	483,535,000	625,607,000
Construction \| Special mention
Credit quality
Loans and leases	308,000	200,000
Construction \| Substandard
Credit quality
Loans and leases	3,134,000	950,000
Lease financing
Credit quality
Loans and leases	167,874,000	147,769,000
Lease financing \| Pass
Credit quality
Loans and leases	166,880,000	146,356,000
Lease financing \| Special mention
Credit quality
Loans and leases	878,000	1,223,000
Lease financing \| Substandard
Credit quality
Loans and leases	116,000	190,000
Residential and consumer
Credit quality
Loans and leases	6,225,079,000	6,102,122,000
Residential and consumer \| Performing
Credit quality
Loans and leases	6,177,093,000	6,040,469,000
Residential and consumer \| Non-performing and delinquent
Credit quality
Loans and leases	47,986,000	61,653,000
Residential Mortgage.
Credit quality
Loans and leases	3,671,424,000	3,527,101,000
Residential Mortgage. \| Performing
Credit quality
Loans and leases	3,663,274,000	3,519,172,000
Residential Mortgage. \| Non-performing and delinquent
Credit quality
Loans and leases	8,150,000	7,929,000
Home equity line
Credit quality
Loans and leases	916,106,000	912,517,000
Home equity line \| Performing
Credit quality
Loans and leases	910,032,000	903,284,000
Home equity line \| Non-performing and delinquent
Credit quality
Loans and leases	6,074,000	9,233,000
Consumer
Credit quality
Loans and leases	1,637,549,000	1,662,504,000
Consumer loans \| Consumer
Credit quality
Loans and leases	236,881,000	239,906,000
Consumer loans \| Consumer \| Performing
Credit quality
Loans and leases	230,849,000	234,458,000
Consumer loans \| Consumer \| Non-performing and delinquent
Credit quality
Loans and leases	6,032,000	5,448,000
Consumer - Auto \| Consumer
Credit quality
Loans and leases	1,051,366,000	1,078,132,000
Consumer - Auto \| Consumer \| Performing
Credit quality
Loans and leases	1,029,124,000	1,044,393,000
Consumer - Auto \| Consumer \| Non-performing and delinquent
Credit quality
Loans and leases	22,242,000	33,739,000
Credit Cards \| Consumer
Credit quality
Loans and leases	349,302,000	344,466,000
Credit Cards \| Consumer \| Performing
Credit quality
Loans and leases	343,814,000	339,162,000
Credit Cards \| Consumer \| Non-performing and delinquent
Credit quality
Loans and leases	$ 5,488,000	$ 5,304,000

Allowance for Loan and Lease _6

Allowance for Loan and Lease Losses - Aging of Analysis of Past Due Loans and Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Recorded Investment, Past Due
Total Past Due	$ 51,155	$ 58,614
Current	12,788,037	13,011,034
Total Accruing Loans and Leases	12,839,192	13,069,648
Total Non Accruing Loans and Leases	4,204	6,543
Total loans and leases	12,843,396	13,076,191
30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	30,932	41,727
60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	13,066	10,499
Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	7,157	6,388
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Total Past Due	3,380	1,434
Current	2,650,685	3,207,052
Total Accruing Loans and Leases	2,654,065	3,208,486
Total Non Accruing Loans and Leases	12	274
Total loans and leases	2,654,077	3,208,760
Commercial and Industrial \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	1,426	1,293
Commercial and Industrial \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	1,204
Commercial and Industrial \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	750	141
Commercial real estate
Financing Receivable, Recorded Investment, Past Due
Total Past Due	779
Current	3,308,577	2,989,125
Total Accruing Loans and Leases	3,309,356	2,989,125
Total Non Accruing Loans and Leases	33	1,658
Total loans and leases	3,309,389	2,990,783
Commercial real estate \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	699
Commercial real estate \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	80
Construction
Financing Receivable, Recorded Investment, Past Due
Total Past Due	3,169	91
Current	483,808	626,666
Total Accruing Loans and Leases	486,977	626,757
Total loans and leases	486,977	626,757
Construction \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due		91
Construction \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	3,169
Lease financing
Financing Receivable, Recorded Investment, Past Due
Total Past Due		47
Current	167,874	147,722
Total Accruing Loans and Leases	167,874	147,769
Total loans and leases	167,874	147,769
Lease financing \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due		47
Residential Mortgage.
Financing Receivable, Recorded Investment, Past Due
Total Past Due	4,191	3,318
Current	3,663,274	3,519,172
Total Accruing Loans and Leases	3,667,465	3,522,490
Total Non Accruing Loans and Leases	3,959	4,611
Total loans and leases	3,671,424	3,527,101
Residential Mortgage. \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	2,499	2,274
Residential Mortgage. \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	1,553	1,012
Residential Mortgage. \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	139	32
Home equity line
Financing Receivable, Recorded Investment, Past Due
Total Past Due	6,074	9,233
Current	910,032	903,284
Total Accruing Loans and Leases	916,106	912,517
Total loans and leases	916,106	912,517
Home equity line \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	1,933	5,616
Home equity line \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	949	775
Home equity line \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	3,192	2,842
Consumer
Financing Receivable, Recorded Investment, Past Due
Total Past Due	33,562	44,491
Current	1,603,787	1,618,013
Total Accruing Loans and Leases	1,637,349	1,662,504
Total Non Accruing Loans and Leases	200
Total loans and leases	1,637,549	1,662,504
Consumer \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	24,375	32,406
Consumer \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	6,111	8,712
Consumer \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	3,076	3,373
Consumer loans \| Consumer
Financing Receivable, Recorded Investment, Past Due
Total loans and leases	236,881	239,906
Consumer - Auto \| Consumer
Financing Receivable, Recorded Investment, Past Due
Total loans and leases	1,051,366	1,078,132
Credit Cards \| Consumer
Financing Receivable, Recorded Investment, Past Due
Total loans and leases	$ 349,302	$ 344,466

Allowance for Loan and Lease _7

Allowance for Loan and Lease Losses - Impaired Loans and Leases (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Recorded Investment
Impaired loans with no related allowance recorded	$ 14,028		$ 14,028		$ 18,577
Impaired loans with a related allowance recorded	12,527		12,527		11,999
Total impaired loans	26,555		26,555		30,576
Unpaid Principal Balance
Impaired loans with no related allowance recorded	14,537		14,537		18,940
Impaired loans with a related allowance recorded	12,913		12,913		12,384
Total impaired loans	27,450		27,450		31,324
Related Allowance, Impaired loans	415		415		536
Average Recorded Investment
Impaired loans with no related allowance recorded	14,999	$ 28,690	15,592	$ 32,712
Impaired loans with a related allowance recorded	11,987	13,949	12,921	11,332
Total impaired loans	26,986	42,639	28,513	44,044
Interest Income Recognized
Impaired loans with no related allowance recorded	164	229	653	668
Impaired loans with a related allowance recorded	202	230	628	701
Total impaired loans	366	459	1,281	1,369
Commercial and Industrial
Recorded Investment
Impaired loans with no related allowance recorded	2,498		2,498		4,449
Impaired loans with a related allowance recorded	5,741		5,741		4,270
Total impaired loans	8,239		8,239		8,719
Unpaid Principal Balance
Impaired loans with no related allowance recorded	2,510		2,510		4,498
Impaired loans with a related allowance recorded	5,741		5,741		4,270
Total impaired loans	8,251		8,251		8,768
Related Allowance, Impaired loans	106		106		108
Average Recorded Investment
Impaired loans with no related allowance recorded	3,888	8,830	3,653	13,149
Impaired loans with a related allowance recorded	4,673	5,605	5,325	2,875
Total impaired loans	8,561	14,435	8,978	16,024
Interest Income Recognized
Impaired loans with no related allowance recorded	38	38	123	141
Impaired loans with a related allowance recorded	94	136	301	402
Total impaired loans	132	174	424	543
Commercial real estate
Recorded Investment
Impaired loans with no related allowance recorded	2,876		2,876		5,016
Impaired loans with a related allowance recorded	701		701		727
Total impaired loans	3,577		3,577		5,743
Unpaid Principal Balance
Impaired loans with no related allowance recorded	2,876		2,876		5,016
Impaired loans with a related allowance recorded	701		701		727
Total impaired loans	3,577		3,577		5,743
Related Allowance, Impaired loans	25		25		32
Average Recorded Investment
Impaired loans with no related allowance recorded	2,946	7,671	3,524	8,587
Impaired loans with a related allowance recorded	706	1,106	714	996
Total impaired loans	3,652	8,777	4,238	9,583
Interest Income Recognized
Impaired loans with no related allowance recorded	38	47	250	116
Impaired loans with a related allowance recorded	10	17	30	51
Total impaired loans	48	64	280	167
Construction
Average Recorded Investment
Impaired loans with no related allowance recorded		2,120		1,560
Total impaired loans		2,120		1,560
Interest Income Recognized
Impaired loans with no related allowance recorded		12		12
Total impaired loans		12		12
Residential mortgage
Recorded Investment
Impaired loans with no related allowance recorded	8,454		8,454		9,112
Impaired loans with a related allowance recorded	6,085		6,085		7,002
Total impaired loans	14,539		14,539		16,114
Unpaid Principal Balance
Impaired loans with no related allowance recorded	8,519		8,519		9,426
Impaired loans with a related allowance recorded	6,471		6,471		7,387
Total impaired loans	14,990		14,990		16,813
Related Allowance, Impaired loans	284		284		$ 396
Average Recorded Investment
Impaired loans with no related allowance recorded	8,065	10,069	8,365	9,416
Impaired loans with a related allowance recorded	6,608	7,238	6,882	7,461
Total impaired loans	14,673	17,307	15,247	16,877
Interest Income Recognized
Impaired loans with no related allowance recorded	88	132	280	399
Impaired loans with a related allowance recorded	98	77	297	248
Total impaired loans	186	$ 209	577	$ 647
Consumer
Recorded Investment
Impaired loans with no related allowance recorded	200		200
Total impaired loans	200		200
Unpaid Principal Balance
Impaired loans with no related allowance recorded	632		632
Total impaired loans	632		632
Average Recorded Investment
Impaired loans with no related allowance recorded	100		50
Total impaired loans	$ 100		$ 50

Allowance for Loan and Lease _8

Allowance for Loan and Lease Losses - Troubled Debt Restructuring Modifications (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)contractproperty	Sep. 30, 2018USD ($)contract	Sep. 30, 2019USD ($)contractproperty	Sep. 30, 2018USD ($)contract	Dec. 31, 2018USD ($)property
Troubled debt restructuring modifications
Number of Contracts \| contract	1	3	6	4
Recorded Investment	$ 609	$ 883	$ 1,545	$ 1,333
Related Allowance		$ 30	39	$ 42
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	6,000,000		6,000,000		$ 5,800,000
Commitments related to borrowers who had loan terms modified in a TDR	$ 1,300		$ 1,300		1,800
Loans modified in TDRs that experienced a payment default
Period past due for payment default			30 days
Number of contracts \| contract	2		5	2
Recorded Investment	$ 588		$ 936	$ 254
Commercial and Industrial
Troubled debt restructuring modifications
Number of Contracts \| contract			4	1
Recorded Investment			$ 588	$ 450
Related Allowance			$ 26	$ 12
Loans modified in TDRs that experienced a payment default
Number of contracts \| contract	2		4	2
Recorded Investment	$ 588		$ 588	$ 254
Residential mortgage
Troubled debt restructuring modifications
Period of time monthly payments are lowered to accommodate borrowers' financial needs			2 years
Number of Contracts \| contract	1	3	2	3
Recorded Investment	$ 609	$ 883	$ 957	$ 883
Related Allowance		$ 30	$ 13	$ 30
Loans modified in TDRs that experienced a payment default
Number of contracts \| contract			1
Recorded Investment			$ 348
Number of residential mortgage loans collateralized by real estate property and modified in a TDR in the process of foreclosure \| contract	1		1
Residential mortgage loans collateralized by real estate property and modified in a TDR in the process of foreclosure	$ 300		$ 300		$ 300
Residential mortgage \| Real estate property held from foreclosed TDR
Loans modified in TDRs that experienced a payment default
Number of real estate properties \| property	1		1		1
Real estate property held from a foreclosed TDR	$ 100		$ 100		$ 800
Consumer \| Minimum
Troubled debt restructuring modifications
Threshold period past due for charge-off	120 days		120 days
Consumer \| Maximum
Troubled debt restructuring modifications
Threshold period past due for charge-off	180 days		180 days
Home equity line \| Real estate property held from foreclosed TDR
Loans modified in TDRs that experienced a payment default
Number of real estate properties \| property					1
Commitments to extend credit
Troubled debt restructuring modifications
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	$ 5,814,078		$ 5,814,078		$ 5,549,591
Standby letters of credit
Troubled debt restructuring modifications
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	183,992		183,992		204,324
Commercial Letters of credit
Troubled debt restructuring modifications
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	$ 5,024		$ 5,024		$ 7,535

Mortgage Servicing Rights - Loa

Mortgage Servicing Rights - Loans, Fees, Amortization and Carrying Value (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Other Intangible Assets
Unpaid principal amount of consumer loans serviced for others	$ 2,400,000		$ 2,400,000		$ 2,700,000
Contractually specified fees, late charges, and ancillary fees	1,600	$ 1,700	4,800	$ 5,300
Amortization of mortgage servicing rights	978	956	2,584	$ 2,965
MSRs
Other Intangible Assets
Amortization of mortgage servicing rights	1,000	$ 1,000
Estimated future amortization expenses
Under one year	2,467		2,467
One to two years	2,048		2,048
Two to three years	1,693		1,693
Three to four years	1,403		1,403
Four to five years	1,172		1,172
Details of mortgage servicing rights
Gross carrying amount	63,401		63,401		63,342
Less: accumulated amortization	49,771		49,771		47,187
Net carrying value	$ 13,630		$ 13,630		$ 16,155

Mortgage Servicing Rights - Cha

Mortgage Servicing Rights - Changes in Amortized MSRs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Changes in amortized mortgage servicing rights
Balance at beginning of period	$ 14,573	$ 17,660	$ 16,155	$ 13,196
Originations	35	233	59	262
Purchases				6,444
Amortization	(978)	(956)	(2,584)	(2,965)
Balance at end of period	13,630	16,937	13,630	16,937
Fair value of amortized MSRs at end of period	$ 19,678	$ 27,945	19,678	27,945	$ 23,398	$ 27,662	$ 28,344	$ 21,697
Impairment of MSRs recorded			$ 0	$ 0

Mortgage Servicing Rights - Qua

Mortgage Servicing Rights - Quantitative Assumptions Used for MSRs (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Minimum
Quantitative assumptions used in determining lower of cost or fair value of MSRs
Conditional prepayment rate (as a percent)	12.41%	7.86%
Life in years (of the MSR)	2 years 1 month 17 days	3 years 5 months 4 days
Weighted-average coupon rate (as a percent)	3.97%	3.97%
Discount rate (as a percent)	10.00%	10.00%
Maximum
Quantitative assumptions used in determining lower of cost or fair value of MSRs
Conditional prepayment rate (as a percent)	21.77%	19.26%
Life in years (of the MSR)	5 years 9 months 14 days	7 years 8 months 4 days
Weighted-average coupon rate (as a percent)	7.31%	6.70%
Discount rate (as a percent)	10.01%	10.02%
Weighted Average
Quantitative assumptions used in determining lower of cost or fair value of MSRs
Conditional prepayment rate (as a percent)	12.61%	8.31%
Life in years (of the MSR)	5 years 6 months 3 days	7 years 2 months 8 days
Weighted-average coupon rate (as a percent)	4.02%	4.02%
Discount rate (as a percent)	10.00%	10.00%

Transfers of Financial Assets -

Transfers of Financial Assets - Carrying Amounts of Assets Pledged as Collateral, Borrowings and Other Transactions (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Carrying amounts of the assets pledged as collateral
Public deposits	$ 1,775,871	$ 1,749,726
Federal Home Loan Bank	2,858,513	2,497,030
Federal Reserve Bank	675,347	957,017
ACH transactions	151,014	150,903
Interest rate swaps	47,129	28,843
Total	5,507,874	5,383,519
Securities for reverse repurchase agreements	0	0
Extinguishment of debt
In-substance debt defeasance	$ 0	$ 0

Deposits - Interest-bearing or

Deposits - Interest-bearing or Noninterest-bearing (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
U.S.:
Interest-bearing	$ 10,352,703	$ 10,393,449
Noninterest-bearing	5,067,812	5,368,729
Foreign:
Interest-bearing	783,721	748,678
Noninterest-bearing	653,010	639,212
Total deposits	$ 16,857,246	$ 17,150,068

Deposits - Maturity Distributio

Deposits - Maturity Distribution of Time Certificates of Deposits (Details) $ in Thousands	Sep. 30, 2019USD ($)
Maturity distribution of time certificates of deposit
Three months or less	$ 790,231
Over three through six months	835,371
Over six through twelve months	595,012
One to two years	169,638
Two to three years	173,830
Three to four years	64,513
Four to five years	78,964
Thereafter	34
Total	2,707,593
Under $250,000
Maturity distribution of time certificates of deposit
Three months or less	241,794
Over three through six months	219,641
Over six through twelve months	353,128
One to two years	110,732
Two to three years	117,527
Three to four years	51,400
Four to five years	69,740
Thereafter	34
Total	1,163,996
$250,000 or More
Maturity distribution of time certificates of deposit
Three months or less	548,437
Over three through six months	615,730
Over six through twelve months	241,884
One to two years	58,906
Two to three years	56,303
Three to four years	13,113
Four to five years	9,224
Total	$ 1,543,597

Deposits - Time Certificate Den

Deposits - Time Certificate Denominations and Overdrawn Accounts (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Deposits
Time certificates of deposit in denominations of $250,000 or more, in the aggregate	$ 1,500	$ 1,900
Overdrawn deposit accounts classified as loans	$ 2	$ 2.4

Short-Term Borrowings - Compone

Short-Term Borrowings - Components and Selected Information (Details) $ in Thousands	Sep. 30, 2019USD ($)
Short-term borrowings
Short-term borrowings	$ 400,000
FHLB fixed-rate advances
Short-term borrowings
Short-term borrowings	$ 400,000
Annual interest rate	2.84%

Long-Term Borrowings - Componen

Long-Term Borrowings - Components (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Long-term borrowings
Finance lease liabilities	$ 18	$ 26
Long-term borrowings	$ 200,018	$ 600,026
Finance lease obligation, annual interest rate	6.78%	6.78%
FHLB fixed-rate advances
Long-term borrowings
Long-term borrowings	$ 200,000	$ 600,000
Remaining borrowing capacity	$ 1,600,000	$ 1,300,000
Weighted average interest rate	2.73%	2.73%

Long-Term Borrowings - Future C

Long-Term Borrowings - Future Contractual Principal Payments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Future contractual principal payments on long term borrowings
2020	$ 9
2021	9
2023	100,000
Thereafter	100,000
Total	200,018	$ 600,026
FHLB fixed-rate advances
Future contractual principal payments on long term borrowings
Total	$ 200,000	$ 600,000
FHLB fixed-rate advances \| December 4, 2020
Future contractual principal payments on long term borrowings
Interest rate (as a percent)	2.80%
FHLB fixed-rate advances \| January 15, 2021
Future contractual principal payments on long term borrowings
Interest rate (as a percent)	2.65%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Pre-tax Amount
Other comprehensive income (loss)	$ 18,079	$ (30,504)	$ 155,222	$ (120,729)
Income Tax Benefit (Expense)
Other comprehensive income (loss)	(4,869)	8,215	(41,801)	32,481
Net of tax
Balance, beginning	2,659,441	2,459,175	2,524,839	2,532,551
Other comprehensive income (loss)	13,210	(22,289)	113,421	(88,248)
Balance, ending	2,654,558	2,423,462	2,654,558	2,423,462
Early Adoption \| ASU 2018-02
Income Tax Benefit (Expense)
Early adoption of ASU No. 2018-02				(20,068)
Net of tax
Other comprehensive income (loss)				(20,068)
Accumulated other comprehensive Income (loss)
Pre-tax Amount
Balance	(43,772)	(249,648)	(180,915)	(159,423)
Balance	(25,693)	(280,152)	(25,693)	(280,152)
Income Tax Benefit (Expense)
Balance	11,788	67,238	48,720	63,040
Balance	6,919	75,453	6,919	75,453
Net of tax
Balance, beginning	(31,984)	(182,410)	(132,195)	(96,383)
Other comprehensive income (loss)	13,210	(22,289)	113,421	(88,248)
Balance, ending	(18,774)	(204,699)	(18,774)	(204,699)
Accumulated other comprehensive Income (loss) \| Early Adoption \| ASU 2018-02
Net of tax
Other comprehensive income (loss)				(20,068)
Pension and other benefits, net actuarial losses arising during the year
Pre-tax Amount
Other comprehensive income (loss)			(813)
Income Tax Benefit (Expense)
Other comprehensive income (loss)			219
Net of tax
Other comprehensive income (loss)			(594)
Pension and other benefits, net change in pension and other benefits
Pre-tax Amount
Other comprehensive income (loss)			(813)
Income Tax Benefit (Expense)
Other comprehensive income (loss)			219
Net of tax
Balance, beginning	(28,973)	(31,339)	(28,379)	(25,946)
Other comprehensive income (loss)			(594)
Balance, ending	(28,973)	(31,339)	(28,973)	(31,339)
Pension and other benefits, net change in pension and other benefits \| Early Adoption \| ASU 2018-02
Net of tax
Other comprehensive income (loss)				(5,393)
Investment securities:
Pre-tax Amount
Unrealized net (losses) gains arising during the period	18,079	(30,682)	153,443	(122,070)
Reclassification of net losses (gains) to net income			2,592
Other comprehensive income (loss)	18,079	(30,682)	156,035	(122,070)
Income Tax Benefit (Expense)
Unrealized net gains (losses) arising during the period	(4,869)	8,262	(41,322)	32,834
Reclassification of net losses (gains) to net income			(698)
Other comprehensive income (loss)	(4,869)	8,262	(42,020)	32,834
Net of tax
Balance, beginning	(3,011)	(156,373)	(103,816)	(74,117)
Unrealized net gains (losses) arising during the period	13,210	(22,420)	112,121	(89,236)
Reclassification of net losses (gains) to net income			1,894
Other comprehensive income (loss)	13,210	(22,420)	114,015	(89,236)
Balance, ending	$ 10,199	(178,793)	$ 10,199	(178,793)
Investment securities: \| Early Adoption \| ASU 2018-02
Net of tax
Other comprehensive income (loss)				(15,440)
Cash flow derivative hedges:
Pre-tax Amount
Unrealized net (losses) gains arising during the period		178		1,341
Other comprehensive income (loss)		178		1,341
Income Tax Benefit (Expense)
Unrealized net gains (losses) arising during the period		(47)		(353)
Other comprehensive income (loss)		(47)		(353)
Net of tax
Balance, beginning		5,302		3,680
Unrealized net gains (losses) arising during the period		131		988
Other comprehensive income (loss)		131		988
Balance, ending		$ 5,433		5,433
Cash flow derivative hedges: \| Early Adoption \| ASU 2018-02
Net of tax
Other comprehensive income (loss)				$ 765

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Changes, Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net of tax
Balance, beginning	$ 2,659,441	$ 2,459,175	$ 2,524,839	$ 2,532,551
Net income	74,199	67,388	216,556	204,399
Other comprehensive income (loss)	13,210	(22,289)	113,421	(88,248)
Balance, ending	2,654,558	2,423,462	2,654,558	2,423,462
ASU 2018-02 \| Early Adoption
Net of tax
Other comprehensive income (loss)				(20,068)
Accumulated other comprehensive Income (loss)
Net of tax
Balance, beginning	(31,984)	(182,410)	(132,195)	(96,383)
Other comprehensive income (loss)	13,210	(22,289)	113,421	(88,248)
Balance, ending	(18,774)	(204,699)	(18,774)	(204,699)
Accumulated other comprehensive Income (loss) \| ASU 2018-02 \| Early Adoption
Net of tax
Other comprehensive income (loss)				(20,068)
Pension and other benefits, net change in pension and other benefits
Net of tax
Balance, beginning	(28,973)	(31,339)	(28,379)	(25,946)
Other comprehensive income (loss)			(594)
Balance, ending	(28,973)	(31,339)	(28,973)	(31,339)
Pension and other benefits, net change in pension and other benefits \| ASU 2018-02 \| Early Adoption
Net of tax
Other comprehensive income (loss)				(5,393)
Investment securities:
Net of tax
Balance, beginning	(3,011)	(156,373)	(103,816)	(74,117)
Other comprehensive income (loss)	13,210	(22,420)	114,015	(89,236)
Balance, ending	$ 10,199	(178,793)	$ 10,199	(178,793)
Investment securities: \| ASU 2018-02 \| Early Adoption
Net of tax
Other comprehensive income (loss)				(15,440)
Cash flow derivative hedges:
Net of tax
Balance, beginning		5,302		3,680
Other comprehensive income (loss)		131		988
Balance, ending		$ 5,433		5,433
Cash flow derivative hedges: \| ASU 2018-02 \| Early Adoption
Net of tax
Other comprehensive income (loss)				$ 765

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Common equity tier 1 capital to risk-weighted assets
Amount	$ 1,677,840	$ 1,661,542
Ratio (as a percent)	12.15%	11.97%
Minimum Capital Ratio (as a percent)	4.50%	4.50%
Well-Capitalized Ratio (as a percent)	6.50%	6.50%
Tier 1 capital to risk-weighted assets
Amount	$ 1,677,840	$ 1,661,542
Ratio (as a percent)	12.15%	11.97%
Minimum Capital Ratio (as a percent)	6.00%	6.00%
Well-Capitalized Ratio (percent)	8.00%	8.00%
Total capital to risk-weighted assets
Amount	$ 1,811,404	$ 1,803,860
Ratio (as a percent)	13.11%	12.99%
Minimum Capital Ratio (as a percent)	8.00%	8.00%
Well-Capitalized Ratio (as a percent)	10.00%	10.00%
Tier 1 capital to average assets (leverage ratio)
Amount	$ 1,677,840	$ 1,661,542
Ratio	8.68%	8.72%
Minimum Capital Ratio (as a percent)	4.00%	4.00%
Well-Capitalized Ratio (percent)	5.00%	5.00%
First Hawaiian Bank (FHB)
Common equity tier 1 capital to risk-weighted assets
Amount	$ 1,662,785	$ 1,658,172
Ratio (as a percent)	12.04%	11.94%
Tier 1 capital to risk-weighted assets
Amount	$ 1,662,785	$ 1,658,172
Ratio (as a percent)	12.04%	11.94%
Total capital to risk-weighted assets
Amount	$ 1,796,349	$ 1,800,490
Ratio (as a percent)	13.00%	12.97%
Tier 1 capital to average assets (leverage ratio)
Amount	$ 1,662,785	$ 1,658,172
Ratio	8.61%	8.70%

Regulatory Capital Requiremen_4

Regulatory Capital Requirements - Capital Conservation Buffer (Details)	Sep. 30, 2019	Dec. 31, 2018	Jan. 01, 2016
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Effective CET1 capital to risk-weighted assets (as a percent)	4.50%	4.50%
Effective Tier 1 capital to risk-weighted assets (as a percent)	12.15%	11.97%
Effective total capital to risk-weighted assets (as a percent)	13.11%	12.99%
Capital conservation buffer
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Phased in rate (as a percent)			0.625%
Annual increase after initial year (as a percent)	0.625%
Capital requirements above regulatory rate (as a percent)	2.50%
Effective CET1 capital to risk-weighted assets (as a percent)	7.00%
Effective Tier 1 capital to risk-weighted assets (as a percent)	8.50%
Effective total capital to risk-weighted assets (as a percent)	10.50%

Derivative Financial Instrume_3

Derivative Financial Instruments - Notional Amounts and Fair Values (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Derivatives designated as hedging instruments \| Interest rate swaps
Notional amounts and fair values of derivatives
Notional Amount	$ 23,545	$ 41,317
Derivatives designated as hedging instruments \| Interest rate swaps \| Included in other assets
Notional amounts and fair values of derivatives
Asset Derivatives		31
Derivatives designated as hedging instruments \| Interest rate swaps \| Included in other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	(927)	(44)
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps
Notional amounts and fair values of derivatives
Notional Amount	2,749,924	2,269,247
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Included in other assets
Notional amounts and fair values of derivatives
Asset Derivatives	85,883	12,305
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Included in other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives		(12,007)
Derivatives Not Designated as Hedging Instruments \| Funding Swap (Visa Derivative)
Notional amounts and fair values of derivatives
Notional Amount	69,378	62,039
Derivatives Not Designated as Hedging Instruments \| Funding Swap (Visa Derivative) \| Included in other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	(584)	(2,607)
Derivatives Not Designated as Hedging Instruments \| Foreign exchange contracts
Notional amounts and fair values of derivatives
Notional Amount	2,514	1,191
Derivatives Not Designated as Hedging Instruments \| Foreign exchange contracts \| Included in other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	$ (31)	$ (34)

Derivative Financial Instrume_4

Derivative Financial Instruments - Clearinghouse Margin and Collateral (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Derivative contracts
Initial margin collateral posted	$ 11.9	$ 2.1
Interest rate swaps
Derivative contracts
Financial instruments pledged as collateral	29.7	26.2
Cash pledged as collateral	17.4	2.6
Chicago Mercantile Exchange (CME)
Derivative contracts
Variation margin	1.3	0.5
London Clearing House (LCH)
Derivative contracts
Variation margin	$ 84.6	$ 0.6

Derivative Financial Instrume_5

Derivative Financial Instruments - Fair Value Hedges (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)derivative	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)derivative	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Loans and leases
Net gains and losses recognized in income related to derivatives in fair value hedging relationships
Carrying Amount of the Hedged Asset	$ 24,797		$ 24,797		$ 42,496
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Asset	$ 1,226		$ 1,226		293
Fair value hedges
Fair hedges carried
Fixed interest rate (as a percent)	2.90%		2.90%
Loans and lease financing
Net gains and losses recognized in income related to derivatives in fair value hedging relationships
Recognized on hedged item	$ 255		$ 944
Loans and lease financing \| Interest rate swaps
Net gains and losses recognized in income related to derivatives in fair value hedging relationships
Recognized on interest rate swap	(151)		(917)
Other
Net gains and losses recognized in income related to derivatives in fair value hedging relationships
Recognized on hedged item		$ (261)		$ (1,348)
Other \| Interest rate swaps
Net gains and losses recognized in income related to derivatives in fair value hedging relationships
Recognized on interest rate swap		$ 273		$ 1,231
Derivatives designated as hedging instruments \| Interest rate swaps
Fair hedges carried
Notional amounts	$ 23,545		$ 23,545		41,317
Derivatives designated as hedging instruments \| Interest rate swaps \| Fair value hedges
Fair hedges carried
Number of derivatives carried \| derivative	1		1
Notional amounts	$ 23,500		$ 23,500		41,300
Positive fair value
Negative fair value	$ 900		$ 900		$ 0

Derivative Financial Instrume_6

Derivative Financial Instruments - Cash Flow Hedges (Details) $ in Thousands	2 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
	Nov. 30, 2018derivative	Sep. 30, 2018USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)derivative	Sep. 30, 2019USD ($)derivative
Cash Flow Hedges
Effect of cash flow hedging relationships
Pretax gains recognized in other comprehensive income on derivatives (effective portion)		$ 178	$ 1,341
Pretax gain reclassified from accumulated other comprehensive income		0	0
Interest rate swaps
Cash flow hedges
Recognized expenses related to the ineffective portion		0	0
Interest rate swaps \| Cash Flow Hedges
Cash flow hedges
Net interest expense on derivative		$ 200	$ 1,100
Minimum \| Interest rate swaps \| Cash Flow Hedges
Cash flow hedges
Fixed interest rate (as a percent)				2.98%
Maximum \| Interest rate swaps \| Cash Flow Hedges
Cash flow hedges
Fixed interest rate (as a percent)				3.03%
Derivatives designated as hedging instruments \| Interest rate swaps
Cash flow hedges
Notional amounts				$ 41,317	$ 23,545
Derivatives designated as hedging instruments \| Interest rate swaps \| Cash Flow Hedges
Cash flow hedges
Number of interest rate swaps \| derivative	2			2
Number of derivatives carried \| derivative				0	0
Notional amounts				$ 150,000

Derivative Financial Instrume_7

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest rate swaps
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives		$ 112	$ 16	$ 744
Funding Swap (Visa Derivative)
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives	$ (417)	(43)	(659)	(123)
Foreign exchange contracts
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives	$ 30	$ 34	$ 29	$ (58)

Derivative Financial Instrume_8

Derivative Financial Instruments - Free-Standing (Details)	3 Months Ended		9 Months Ended		12 Months Ended
Derivative Financial Instruments - Free-Standing (Details)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2016shares	Dec. 31, 2015shares	Dec. 31, 2014shares	Dec. 31, 2013shares	Dec. 31, 2012shares	Dec. 31, 2011shares	Dec. 31, 2010shares	Dec. 31, 2009shares	Dec. 31, 2008shares	Sep. 27, 2019	Jun. 30, 2019	Dec. 31, 2018USD ($)	Jul. 31, 2018USD ($)	Jun. 28, 2018	Dec. 31, 2017
Visa \| Class B restricted shares
Derivative financial instruments
Estimated liability that was subsequently paid to the buyer	$ 300,000		$ 300,000
Number of shares sold \| shares					274,000	0	0	0	0	0	0	0	0
Funding Swap (Visa Derivative)
Derivative financial instruments
Derivative liability value	600,000		600,000													$ 2,600,000
Funding Swap (Visa Derivative) \| Class B restricted shares
Derivative financial instruments
Conversion rate														1.6228	1.6298			1.6298	1.6483
Funding Swap (Visa Derivative) \| Visa
Derivative financial instruments
Estimated liability that was subsequently paid to the buyer	300,000		300,000														$ 700,000
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps
Derivative financial instruments
Notional Amount	2,749,924,000		2,749,924,000													$ 2,269,247,000
Net interest expense on derivative	$ 0	$ 100,000	$ 0	$ 400,000
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Minimum
Derivative financial instruments
Fixed interest rate (as a percent)	2.02%		2.02%													2.02%
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Maximum
Derivative financial instruments
Fixed interest rate (as a percent)	8.73%		8.73%													5.78%
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Customer swap program
Derivative financial instruments
Notional Amount	$ 2,700,000,000		$ 2,700,000,000													$ 2,200,000,000
Positive fair value, derivative asset	85,900,000		85,900,000													12,300,000
Negative fair value, derivative liability	0		0													12,000,000
Upfront fees on the dealer swap	1,900,000	$ 300,000	3,800,000	$ 5,300,000
Derivative asset value	85,900,000		85,900,000													12,300,000
Derivative liability value	0		0													11,200,000
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Included in other assets
Derivative financial instruments
Positive fair value, derivative asset	85,883,000		85,883,000													12,305,000
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Included in other liabilities
Derivative financial instruments
Negative fair value, derivative liability																12,007,000
Derivatives Not Designated as Hedging Instruments \| Funding Swap (Visa Derivative)
Derivative financial instruments
Notional Amount	69,378,000		69,378,000													62,039,000
Derivatives Not Designated as Hedging Instruments \| Funding Swap (Visa Derivative) \| Included in other liabilities
Derivative financial instruments
Negative fair value, derivative liability	$ 584,000		$ 584,000													$ 2,607,000

Derivative Financial Instrume_9

Derivative Financial Instruments - Counterparty Credit Risk and Credit-Risk Related Contingent Features (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Derivative contracts
Counterparty credit risk adjustments	$ 0.1	$ 0.1
Credit-risk-related contingent features
Aggregate fair value of derivative instruments in a net liability position	5.1		$ 0.8
Collateral posted for derivatives in a net liability position	5.5		$ 0.5
Interest rate swaps
Derivative contracts
Collateral thresholds for derivative agreements with credit risk related contingent features	$ 0.5

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Contingencies (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2019
Contingencies
Settlement agreement		$ 4.1
Overdraft fee litigation
Contingencies
Settlement agreement	$ 4.1

Commitments and Contingent Li_4

Commitments and Contingent Liabilities - Commitments to Extend Credit, Participations Sold (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Commitments to extend credit
Commitments
Participations sold to other institutions	$ 100.6	$ 92.3
Standby letters of credit
Commitments
Participations sold to other institutions	$ 9.2	$ 17.3

Commitments and Contingent Li_5

Commitments and Contingent Liabilities - Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Financial instruments with off-balance sheet risk
Contract amount	$ 6,000,000	$ 5,800,000
Commitments to extend credit
Financial instruments with off-balance sheet risk
Contract amount	5,814,078	5,549,591
Standby letters of credit
Financial instruments with off-balance sheet risk
Contract amount	183,992	204,324
Commercial Letters of credit
Financial instruments with off-balance sheet risk
Contract amount	$ 5,024	$ 7,535

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue
Net interest income	$ 143,081	$ 141,258	$ 433,783	$ 422,333
Not in scope of Topic 606	9,334	2,186	23,293	8,969
Total noninterest income	49,980	47,405	145,825	145,902
Total revenue	193,061	188,663	579,608	568,235
Retail Banking
Disaggregation of Revenue
Net interest income	111,529	111,804	339,559	332,731
Not in scope of Topic 606	2,185	2,400	6,887	6,626
Total noninterest income	24,249	22,676	72,107	67,566
Total revenue	135,778	134,480	411,666	400,297
Commercial Banking
Disaggregation of Revenue
Net interest income	29,359	29,639	85,920	86,320
Not in scope of Topic 606	1,488	(4,295)	5,533	(7,377)
Total noninterest income	17,146	17,801	53,645	59,264
Total revenue	46,505	47,440	139,565	145,584
Treasury and Other
Disaggregation of Revenue
Net interest income	2,193	(185)	8,304	3,282
Not in scope of Topic 606	5,661	4,081	10,873	9,720
Total noninterest income	8,585	6,928	20,073	19,072
Total revenue	10,778	6,743	28,377	22,354
Service charges on deposit accounts.
Disaggregation of Revenue
Revenue by type of service	8,554	7,933	24,737	23,609
Service charges on deposit accounts. \| Retail Banking
Disaggregation of Revenue
Revenue by type of service	8,073	7,494	23,051	22,077
Service charges on deposit accounts. \| Commercial Banking
Disaggregation of Revenue
Revenue by type of service	3	4	9	11
Service charges on deposit accounts. \| Treasury and Other
Disaggregation of Revenue
Revenue by type of service	478	435	1,677	1,521
Credit and debit card fees.
Disaggregation of Revenue
Revenue by type of service	16,341	21,385	48,699	63,789
Credit and debit card fees. \| Commercial Banking
Disaggregation of Revenue
Revenue by type of service	14,623	19,602	43,564	58,409
Credit and debit card fees. \| Treasury and Other
Disaggregation of Revenue
Revenue by type of service	1,718	1,783	5,135	5,380
Other service charges and fees.
Disaggregation of Revenue
Revenue by type of service	5,998	6,598	18,631	19,528
Other service charges and fees. \| Retail Banking
Disaggregation of Revenue
Revenue by type of service	5,155	5,161	15,429	15,004
Other service charges and fees. \| Commercial Banking
Disaggregation of Revenue
Revenue by type of service	306	1,063	1,543	2,997
Other service charges and fees. \| Treasury and Other
Disaggregation of Revenue
Revenue by type of service	537	374	1,659	1,527
Trust and investment services income.
Disaggregation of Revenue
Revenue by type of service	8,698	7,487	26,247	23,429
Trust and investment services income. \| Retail Banking
Disaggregation of Revenue
Revenue by type of service	8,698	7,487	26,247	23,429
Other.
Disaggregation of Revenue
Revenue by type of service	1,055	1,816	4,218	6,578
Other. \| Retail Banking
Disaggregation of Revenue
Revenue by type of service	138	134	493	430
Other. \| Commercial Banking
Disaggregation of Revenue
Revenue by type of service	726	1,427	2,996	5,224
Other. \| Treasury and Other
Disaggregation of Revenue
Revenue by type of service	$ 191	$ 255	$ 729	$ 924

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Contract Balances (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)item	Dec. 31, 2018USD ($)
Revenue from Contracts with Customers
Signing bonuses received from vendors \| item		2
Contract liabilities	$ 2,000,000	$ 2,000,000	$ 2,600,000
Decrease in recognized revenues and contract liabilities	200,000	600,000
Change in contract liabilities due to changes in transaction price estimates		0
Receivables from contracts with customers or contract assets	$ 0	$ 0	$ 0

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Other (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Revenue from Contracts with Customers
Significant performance obligations	$ 0	$ 0
Material contract acquisition costs	$ 0	$ 0

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Earnings per Share
Adjustments to net income (in dollars)	$ 0	$ 0	$ 0	$ 0
Antidilutive securities (in shares)	0	0	0	0
Numerator:
Net income	$ 74,199	$ 67,388	$ 216,556	$ 204,399
Denominator:
Basic: weighted-average shares outstanding (in shares)	132,583,902	135,466,669	133,957,192	137,643,005
Add: weighted-average equity-based awards (in shares)	293,867	208,829	274,570	166,568
Diluted: weighted-average shares outstanding (in shares)	132,877,769	135,675,498	134,231,762	137,809,573
Basic earnings per share (in dollars per share)	$ 0.56	$ 0.50	$ 1.62	$ 1.48
Diluted earnings per share (in dollars per share)	$ 0.56	$ 0.50	$ 1.61	$ 1.48

Leases - Terms of Leases (Detai

Leases - Terms of Leases (Details)	9 Months Ended
Leases - Terms of Leases (Details)	Sep. 30, 2019item
Lessee, Lease, Description [Line Items]
Number of branch properties where operating leases for space are connected	3
Maximum
Lessee, Lease, Description [Line Items]
Term of lease	44 years

Leases - Net Lease Expense (Det

Leases - Net Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Net lease expense
Operating lease expense	$ 2,284	$ 6,887
Short-term lease expense	111	365
Variable lease expense	795	1,842
Amortization of right-of-use assets	1	2
Interest on lease liabilities		1
Total finance lease expense	1	3
Less: Sublease income	(268)	(766)
Net lease expense	$ 2,923	$ 8,331

Leases - Lease Liabilities (Det

Leases - Lease Liabilities (Details) - USD ($)	9 Months Ended
Leases - Lease Liabilities (Details) - USD ($)	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Supplemental Cash Flows Information
Operating cash flows from operating leases, cash paid for amounts included in the measurement of lease liabilities	$ 7,166,000
Operating cash flows from finance leases, cash paid for amounts included in the measurement of lease liabilities	89,000
Financing cash flows from finance leases, cash paid for amounts included in the measurement of lease liabilities	$ 10,000	$ 10,000
Weighted Average Remaining Lease Term, Operating leases (years)	15 years 7 months 6 days
Weighted Average Remaining Lease Term, Finance leases (years)	2 years 9 months 18 days
Weighted Average Discount Rate, Operating leases	3.34%
Weighted Average Discount Rate, Finance leases	6.78%
Operating lease right-of-use assets	$ 46,100,000
Other assets	us-gaap:OtherAssetsMember
Finance lease right-of use assets	$ 0
Premises and equipment	fhb:PremisesAndEquipmentMember
Operating lease liabilities	$ 45,600,000
Other liabilities	us-gaap:OtherLiabilitiesMember
Finance lease liabilities	$ 18,000		$ 26,000
Long-term borrowings	us-gaap:LongTermDebtMember
Right-of-use assets obtained in exchange for new operating lease obligations	$ 1,401,000

Leases - Future Minimum Rental

Leases - Future Minimum Rental Payments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Future minimum rental payments under noncancelable leases
2019 (excluding the nine months ended September 30, 2019)	$ 1,635
2020	8,799
2021	8,107
2022	5,477
2023	2,964
Thereafter	34,948
Total future minimum lease payments	61,930
Less: Imputed interest	(16,289)
Total	$ 45,641
Future minimum rental payments in accordance with ASC Topic 840, Leases
2019		$ 8,780
2020		8,668
2021		7,961
2022		5,101
2023		2,632
Thereafter		34,638
Total future minimum lease payments		67,780
Less Sublease Income
2019		903
2020		903
2021		892
Total future minimum lease payments		2,698
Net Operating Lease Payments
2019		7,877
2020		7,765
2021		7,069
2022		5,101
2023		2,632
Thereafter		34,638
Total future minimum lease payments		$ 65,082

Leases - Cost and Accumulated D

Leases - Cost and Accumulated Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Dec. 31, 2018
Future minimum rental payments under noncancelable leases
Remainder of 2019	$ 1,635	$ 1,635
2020			$ 8,668
2021			7,961
2022			5,101
2023			2,632
Thereafter			34,638
Office space leased in headquarters office and to third party lessees
Future minimum rental income from related parties		$0.1 million and $0.3 million, respectively
Third party lessees
Office space leased in headquarters office and to third party lessees
Cost	288,800	$ 288,800	289,200
Buildings
Office space leased in headquarters office and to third party lessees
Accumulated Depreciation	139,300	139,300	$ 133,700
Related parties associated with its branch premises
Lease payments to related parties	100	300
Future minimum rental payments under noncancelable leases
2020	300	300
2021	300	300
2022	200	200
2023	200	200
Thereafter	$ 7,500	$ 7,500

Leases - Future Minimum Renta_2

Leases - Future Minimum Rental Income (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Lessor, Lease, Description [Line Items]
Operating lease income related to lease payments	$ 1,500	$ 4,400
Lease income related to variable lease payments	1,400	4,000
Future minimum rental income under noncancellable operating leases
2019 (excluding the nine months ended September 30, 2019)	1,491	1,491
2020	5,997	5,997
2021	5,989	5,989
2022	4,268	4,268
2023	3,343	3,343
Thereafter	8,132	8,132
Total	$ 29,220	$ 29,220
Maximum
Lessor, Lease, Description [Line Items]
Terms of leases, including renewal options	10 years	10 years

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, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Pension Benefits
Components of net periodic benefit cost
Total net periodic benefit cost	$ 2,431	$ 2,525	$ 7,291	$ 7,203
Pension Benefits \| Salaries and employee benefits
Components of net periodic benefit cost
Service cost	18	174	52	522
Pension Benefits \| Other noninterest expense
Components of net periodic benefit cost
Interest cost	2,044	1,840	6,132	5,429
Expected return on plan assets	(1,195)	(1,318)	(3,585)	(3,797)
Recognized net actuarial loss	1,564	1,829	4,692	5,049
Other Benefits
Components of net periodic benefit cost
Total net periodic benefit cost	180	265	544	845
Other Benefits \| Salaries and employee benefits
Components of net periodic benefit cost
Service cost	160	80	478	505
Other Benefits \| Other noninterest expense
Components of net periodic benefit cost
Interest cost	203	293	615	662
Prior service credit	(107)	$ (108)	(321)	$ (322)
Recognized net actuarial loss	$ (76)		$ (228)

Fair Value - Visa Derivative (D

Fair Value - Visa Derivative (Details) - Funding Swap (Visa Derivative) $ in Thousands	Sep. 30, 2019USD ($)	Sep. 27, 2019	Jun. 30, 2019	Dec. 31, 2018USD ($)	Jun. 28, 2018	Dec. 31, 2017
Class B restricted shares
Fair value
Conversion rate		1.6228	1.6298		1.6298	1.6483
Fair Value Measurements, Recurring \| Level 3
Fair value
Derivative Liability	$ 600			$ 2,600
Included in other liabilities \| Derivatives Not Designated as Hedging Instruments
Fair value
Derivative Liability	$ 584			$ 2,607

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Investment securities	$ 4,157,082	$ 4,498,342
Fair Value Measurements, Recurring
Assets
Investment securities	4,157,082	4,498,342
Other assets	85,883	12,336
Liabilities
Other liabilities	(1,542)	(14,692)
Total
Net Assets (Liabilities)	4,241,423	4,495,986
Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	4,157,082	4,498,342
Other assets	85,883	12,336
Liabilities
Other liabilities	(958)	(12,085)
Total
Net Assets (Liabilities)	4,242,007	4,498,593
Fair Value Measurements, Recurring \| Level 3
Liabilities
Other liabilities	(584)	(2,607)
Total
Net Assets (Liabilities)	(584)	(2,607)
U.S. Treasury securities
Assets
Investment securities	29,738	389,470
U.S. Treasury securities \| Fair Value Measurements, Recurring
Assets
Investment securities	29,738	389,470
U.S. Treasury securities \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	29,738	389,470
Government agency debt securities
Assets
Investment securities	24,472
Government agency debt securities \| Fair Value Measurements, Recurring
Assets
Investment securities	24,472
Government agency debt securities \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	24,472
Government-sponsored enterprises debt securities
Assets
Investment securities	126,649	241,594
Government-sponsored enterprises debt securities \| Fair Value Measurements, Recurring
Assets
Investment securities	126,649	241,594
Government-sponsored enterprises debt securities \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	126,649	241,594
Government agency mortgage-backed securities
Assets
Investment securities	343,905	411,536
Government agency mortgage-backed securities \| Fair Value Measurements, Recurring
Assets
Investment securities	343,905	411,536
Government agency mortgage-backed securities \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	343,905	411,536
Government-sponsored enterprises mortgage-backed securities
Assets
Investment securities	371,949	150,847
Government-sponsored enterprises mortgage-backed securities \| Fair Value Measurements, Recurring
Assets
Investment securities	371,949	150,847
Government-sponsored enterprises mortgage-backed securities \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	371,949	150,847
Collateralized mortgage obligations: Government agency
Assets
Investment securities	2,486,524	2,682,449
Collateralized mortgage obligations: Government agency \| Fair Value Measurements, Recurring
Assets
Investment securities	2,486,524	2,682,449
Collateralized mortgage obligations: Government agency \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	2,486,524	2,682,449
Collateralized mortgage obligations: Government-sponsored enterprises
Assets
Investment securities	773,845	602,592
Collateralized mortgage obligations: Government-sponsored enterprises \| Fair Value Measurements, Recurring
Assets
Investment securities	773,845	602,592
Collateralized mortgage obligations: Government-sponsored enterprises \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities	$ 773,845	602,592
Debt securities issued by states and political subdivisions
Assets
Investment securities		19,854
Debt securities issued by states and political subdivisions \| Fair Value Measurements, Recurring
Assets
Investment securities		19,854
Debt securities issued by states and political subdivisions \| Fair Value Measurements, Recurring \| Level 2
Assets
Investment securities		$ 19,854

Fair Value - Changes in Fair Va

Fair Value - Changes in Fair Value Levels and in Level 3 Liabilities (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Fair value
Amount of transfers between hierarchy levels	$ 0		$ 0
Visa derivative \| Funding Swap (Visa Derivative)
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance	(1,179,000)	$ (4,114,000)	(2,607,000)	$ (5,439,000)
Total net losses included in other noninterest income	(417,000)	(43,000)	(659,000)	(123,000)
Settlements	1,012,000	772,000	2,682,000	2,177,000
Balance	(584,000)	(3,385,000)	(584,000)	(3,385,000)
Total net (losses) gains included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of September 30,	$ (417,000)	$ (43,000)	$ (659,000)	$ (123,000)

Fair Value - Financial Instrume

Fair Value - Financial Instruments not Required to be Carried at Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Lease and lease commitments excluded
Financing leases	$ 167,900	$ 147,800
Deposit liabilities with no defined or contractual maturity	14,100,000	14,100,000
Capital lease obligations	18	26
Book Value
Financial assets:
Cash and cash equivalents	1,344,017	1,003,637
Loans held for sale	1,594	432
Loans	12,675,522	12,928,422
Financial liabilities:
Time Deposits	2,707,593	3,092,164
Short-term borrowings	400,000
Long-term borrowings	200,000	600,000
Estimated Fair Value
Financial assets:
Cash and cash equivalents	1,344,017	1,003,637
Loans held for sale	1,594	432
Loans	12,844,384	12,664,170
Financial liabilities:
Time Deposits	2,699,798	3,058,792
Short-term borrowings	402,133
Long-term borrowings	209,149	602,088
Estimated Fair Value \| Level 1
Financial assets:
Cash and cash equivalents	358,863	396,836
Estimated Fair Value \| Level 2
Financial assets:
Cash and cash equivalents	985,154	606,801
Loans held for sale	1,594	432
Financial liabilities:
Time Deposits	2,699,798	3,058,792
Short-term borrowings	402,133
Long-term borrowings	209,149	602,088
Estimated Fair Value \| Level 3
Financial assets:
Loans	$ 12,844,384	$ 12,664,170

Fair Value - Unfunded Loan and

Fair Value - Unfunded Loan and Lease Commitments and Letters of Credit (Details) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Unfunded loan and lease commitments and letters of credit
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	$ 6,000	$ 5,800
Level 3
Unfunded loan and lease commitments and letters of credit
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	6,000	5,800
Estimated fair value of unfunded loan and lease commitments and letters of credit	$ 13.7	$ 14.2

Fair Value - Assets and Liabi_2

Fair Value - Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis (Details) - Impaired loans - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Assets with fair value adjustments on a nonrecurring basis
Total impairment losses	$ 500	$ 100	$ 500	$ 600
Fair Value Measurements, Nonrecurring \| Level 3
Assets with fair value adjustments on a nonrecurring basis
Fair value	$ 882		$ 882		$ 402

Fair Value - Significant Unobse

Fair Value - Significant Unobservable Inputs Used in Fair Value Measurements (Details) - Fair Value Measurements, Nonrecurring - Level 3 $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019USD ($)	Dec. 31, 2018USD ($)
Weighted Average
Fair value
Expected Term	4 years	4 years
Growth Rate (as a percent)	15.00%	15.00%
Impaired loans
Fair value
Assets	$ 882	$ 402
Impaired loans \| Appraisal Value
Fair value
Assets	882	402
Visa derivative \| Discounted cash flow
Fair value
Liabilities	$ (584)	$ (2,607)
Visa derivative \| Discounted cash flow \| Weighted Average
Fair value
Expected Conversion Rate	1.6228	1.6298

Reportable Operating Segments -

Reportable Operating Segments - Business Segments (Details)	9 Months Ended
Reportable Operating Segments - Business Segments (Details)	Sep. 30, 2019segmentlocation
Reportable operating segments
Number of business segments \| segment	3
Retail Banking
Reportable operating segments
Number of Branches \| location	58

Reportable Operating Segments_2

Reportable Operating Segments - Selected Business Segment Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Selected business segment financial information
Net interest income (expense)	$ 143,081	$ 141,258	$ 433,783	$ 422,333
Provision for loan and lease losses		(4,460)	(9,550)	(16,430)
Net interest income after provision for loan and lease losses	143,081	136,798	424,233	405,903
Noninterest income	49,980	47,405	145,825	145,902
Noninterest expense	(93,466)	(93,147)	(279,379)	(275,599)
Income before provision for income taxes	99,595	91,056	290,679	276,206
(Provision) benefit for income taxes	(25,396)	(23,668)	(74,123)	(71,807)
Net income	74,199	67,388	216,556	204,399
Retail Banking
Selected business segment financial information
Net interest income (expense)	111,529	111,804	339,559	332,731
Provision for loan and lease losses		(1,760)	(4,324)	(6,484)
Net interest income after provision for loan and lease losses	111,529	110,044	335,235	326,247
Noninterest income	24,249	22,676	72,107	67,566
Noninterest expense	(57,280)	(58,069)	(173,938)	(170,114)
Income before provision for income taxes	78,498	74,651	233,404	223,699
(Provision) benefit for income taxes	(19,941)	(19,450)	(59,338)	(58,291)
Net income	58,557	55,201	174,066	165,408
Commercial Banking
Selected business segment financial information
Net interest income (expense)	29,359	29,639	85,920	86,320
Provision for loan and lease losses		(2,700)	(5,226)	(9,946)
Net interest income after provision for loan and lease losses	29,359	26,939	80,694	76,374
Noninterest income	17,146	17,801	53,645	59,264
Noninterest expense	(20,073)	(19,731)	(59,299)	(60,575)
Income before provision for income taxes	26,432	25,009	75,040	75,063
(Provision) benefit for income taxes	(6,781)	(6,435)	(19,278)	(19,329)
Net income	19,651	18,574	55,762	55,734
Treasury and Other
Selected business segment financial information
Net interest income (expense)	2,193	(185)	8,304	3,282
Net interest income after provision for loan and lease losses	2,193	(185)	8,304	3,282
Noninterest income	8,585	6,928	20,073	19,072
Noninterest expense	(16,113)	(15,347)	(46,142)	(44,910)
Income before provision for income taxes	(5,335)	(8,604)	(17,765)	(22,556)
(Provision) benefit for income taxes	1,326	2,217	4,493	5,813
Net income	$ (4,009)	$ (6,387)	$ (13,272)	$ (16,743)