First Hawaiian (FHB) 10-Q4 Aug 202020 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2020	Jul. 27, 2020
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-14585
Entity Registrant Name	FIRST HAWAIIAN, INC.
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, Postal Zip Code	96813
Local Phone Number	525-7000
City Area Code	808
Title of 12(b) Security	Common Stock
Trading Symbol	FHB
Security Exchange Name	NASDAQ
Entity Address, State or Province	HI
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		129,886,137
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0000036377
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest income
Loans and lease financing	$ 122,298	$ 146,883	$ 257,269	$ 291,289
Available-for-sale securities	17,529	24,784	38,739	49,270
Other	792	2,151	3,143	5,820
Total interest income	140,619	173,818	299,151	346,379
Interest expense
Deposits	8,583	23,693	24,183	46,890
Short-term and long-term borrowings	4,214	4,512	8,463	8,787
Total interest expense	12,797	28,205	32,646	55,677
Net interest income	127,822	145,613	266,505	290,702
Provision for credit losses	55,446	3,870	96,646	9,550
Net interest income after provision for credit losses	72,376	141,743	169,859	281,152
Noninterest income
Service charges on deposit accounts	5,927	8,123	14,877	16,183
Credit and debit card fees	10,870	16,629	25,819	33,284
Other service charges and fees	7,912	9,403	16,451	18,532
Trust and investment services income	8,664	8,931	18,255	17,549
Bank-owned life insurance	4,432	3,390	6,692	7,203
Investment securities (losses) gains, net	(211)	21	(126)	(2,592)
Other	8,062	2,276	12,916	5,686
Total noninterest income	45,656	48,773	94,884	95,845
Noninterest expense
Salaries and employee benefits	42,414	42,185	87,243	87,045
Contracted services and professional fees	15,478	14,303	31,533	27,948
Occupancy	7,302	7,286	14,545	14,272
Equipment	5,207	4,544	9,915	8,828
Regulatory assessment and fees	2,100	2,149	4,046	3,596
Advertising and marketing	1,402	1,980	3,225	3,946
Card rewards program	5,163	7,664	12,178	14,396
Other	12,384	13,179	25,231	25,882
Total noninterest expense	91,450	93,290	187,916	185,913
Income before provision for income taxes	26,582	97,226	76,827	191,084
Provision for income taxes	6,533	24,793	17,913	48,727
Net income	$ 20,049	$ 72,433	$ 58,914	$ 142,357
Basic earnings per share (in dollars per share)	$ 0.15	$ 0.54	$ 0.45	$ 1.06
Diluted earnings per share (in dollars per share)	$ 0.15	$ 0.54	$ 0.45	$ 1.06
Basic weighted-average outstanding shares (in shares)	129,856,730	134,420,380	129,876,218	134,655,217
Diluted weighted-average outstanding shares (in shares)	130,005,195	134,652,008	130,163,722	134,924,331

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 20,049	$ 72,433	$ 58,914	$ 142,357
Other comprehensive income, net of tax:
Net change in pensions and other benefits		(594)	(96)	(594)
Net change in investment securities	48,602	47,364	84,576	100,805
Other comprehensive income	48,602	46,770	84,480	100,211
Total comprehensive income	$ 68,651	$ 119,203	$ 143,394	$ 242,568

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 347,592	$ 360,375
Interest-bearing deposits in other banks	1,507,630	333,642
Investment securities, at fair value (amortized cost: $5,025,433 as of June 30, 2020 and $4,080,663 as of December 31, 2019)	5,135,775	4,075,644
Loans held for sale	6,698	904
Loans and leases	13,764,030	13,211,650
Less: allowance for credit losses	192,120	130,530
Net loans and leases	13,571,910	13,081,120
Premises and equipment, net	322,919	316,885
Other real estate owned and repossessed personal property	446	319
Accrued interest receivable	58,420	45,239
Bank-owned life insurance	458,720	453,873
Goodwill	995,492	995,492
Mortgage servicing rights	11,595	12,668
Other assets	576,518	490,573
Total assets	22,993,715	20,166,734
Deposits:
Interest-bearing	12,481,543	10,564,922
Noninterest-bearing	6,880,091	5,880,072
Total deposits	19,361,634	16,444,994
Short-term borrowings	200,000	400,000
Long-term borrowings	200,019	200,019
Retirement benefits payable	138,624	138,222
Other liabilities	391,541	343,241
Total liabilities	20,291,818	17,526,476
Stockholders' equity
Common stock ($0.01 par value; authorized 300,000,000 shares; issued/outstanding: 140,140,542 / 129,866,898 as of June 30, 2020; issued/outstanding: 139,917,150 / 129,928,479 as of December 31, 2019)	1,401	1,399
Additional paid-in capital	2,509,271	2,503,677
Retained earnings	415,296	437,072
Accumulated other comprehensive income (loss), net	52,731	(31,749)
Treasury stock (10,273,644 shares as of June 30, 2020 and 9,988,671 shares as of December 31, 2019)	(276,802)	(270,141)
Total stockholders' equity	2,701,897	2,640,258
Total liabilities and stockholders' equity	$ 22,993,715	$ 20,166,734

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
CONSOLIDATED BALANCE SHEETS
Amortized Cost	$ 5,025,433	$ 4,080,663
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)	140,140,542	139,917,150
Common stock outstanding (in shares)	129,866,898	129,928,479
Treasury stock (in shares)	10,273,644	9,988,671

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
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
Increase (Decrease) in Stockholders' Equity
Net income			142,357			142,357
Cash dividends declared			(69,984)			(69,984)
Equity-based awards	$ 2	4,093	(544)		(1,533)	2,018
Equity-based awards (in shares)	143,756
Common stock repurchased					(40,000)	(40,000)
Common stock repurchased (in shares)	(1,509,846)
Other comprehensive income, net of tax				100,211		100,211
Balance, ending 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
Balance, beginning at Mar. 31, 2019	$ 1,399	2,497,770	326,451	(78,754)	(133,664)	2,613,202
Balance (in shares) at Mar. 31, 2019	135,012,015
Increase (Decrease) in Stockholders' Equity
Net income			72,433			72,433
Cash dividends declared			(34,916)			(34,916)
Equity-based awards		2,176	(220)		(4)	1,952
Equity-based awards (in shares)	6,043
Common stock repurchased					(40,000)	(40,000)
Common stock repurchased (in shares)	(1,509,846)
Other comprehensive income, net of tax				46,770		46,770
Balance, ending 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
Balance, beginning at Dec. 31, 2019	$ 1,399	2,503,677	437,072	(31,749)	(270,141)	$ 2,640,258
Balance (in shares) at Dec. 31, 2019	129,928,479					129,928,479
Increase (Decrease) in Stockholders' Equity
Net income			58,914			$ 58,914
Cash dividends declared			(67,547)			(67,547)
Equity-based awards	$ 2	5,594	(626)		(1,661)	3,309
Equity-based awards (in shares)	156,178
Common stock repurchased					(5,000)	(5,000)
Common stock repurchased (in shares)	(217,759)
Other comprehensive income, net of tax				84,480		84,480
Balance, ending at Jun. 30, 2020	$ 1,401	2,509,271	415,296	52,731	(276,802)	$ 2,701,897
Balance (in shares) at Jun. 30, 2020	129,866,898					129,866,898
Balance, beginning at Mar. 31, 2020	$ 1,401	2,506,477	429,323	4,129	(276,645)	$ 2,664,685
Balance (in shares) at Mar. 31, 2020	129,827,968
Increase (Decrease) in Stockholders' Equity
Net income			20,049			20,049
Cash dividends declared			(33,765)			(33,765)
Equity-based awards		2,794	(311)		(157)	2,326
Equity-based awards (in shares)	38,930
Other comprehensive income, net of tax				48,602		48,602
Balance, ending at Jun. 30, 2020	$ 1,401	$ 2,509,271	415,296	$ 52,731	$ (276,802)	$ 2,701,897
Balance (in shares) at Jun. 30, 2020	129,866,898					129,866,898
Increase (Decrease) in Stockholders' Equity
Cumulative-effect adjustment of change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments			$ (12,517)			$ (12,517)

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Cash dividends declared (in dollars per share)	$ 0.26	$ 0.26	$ 0.52	$ 0.52

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net income	$ 58,914	$ 142,357
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	96,646	9,550
Depreciation, amortization and accretion, net	34,058	32,959
Deferred (benefits) income taxes	(13,786)	15,724
Stock-based compensation	5,596	3,551
Other gains	(33)	(8)
Originations of loans held for sale	(123,331)	(4,091)
Proceeds from sales of loans held for sale	120,970	4,343
Net gains on sales of loans originated for investment and held for sale	(4,581)	(35)
Net losses on investment securities	126	2,592
Change in assets and liabilities:
Net decrease in other assets	18,272	1,145
Net decrease in other liabilities	(84,298)	(63,844)
Net cash provided by operating activities	108,553	144,243
Available-for-sale securities:
Proceeds from maturities and principal repayments	597,670	322,954
Proceeds from calls and sales	644,703	905,605
Purchases	(2,195,832)	(999,491)
Other investments:
Proceeds from sales	18,346	4,854
Purchases	(27,562)	(12,693)
Loans:
Net (increase) decrease in loans and leases resulting from originations and principal repayments	(698,069)	21,111
Proceeds from sales of loans originated for investment	132,011
Purchases of loans	(40,611)	(222,816)
Proceeds from bank-owned life insurance	1,845	2,557
Purchases of premises, equipment and software	(20,646)	(16,269)
Proceeds from sales of other real estate owned	316	759
Other	(1,951)	(1,429)
Net cash (used in) provided by investing activities	(1,589,780)	5,142
Cash flows from financing activities
Net increase (decrease) in deposits	2,916,640	(357,990)
Repayment of short-term borrowings	(200,000)
Dividends paid	(67,547)	(69,984)
Stock tendered for payment of withholding taxes	(1,661)	(1,533)
Common stock repurchased	(5,000)	(40,000)
Net cash provided by (used in) financing activities	2,642,432	(469,507)
Net increase (decrease) in cash and cash equivalents	1,161,205	(320,122)
Cash and cash equivalents at beginning of period	694,017	1,003,637
Cash and cash equivalents at end of period	1,855,222	683,515
Supplemental disclosures
Interest paid	37,370	51,421
Income taxes paid, net of income tax refunds	4,242	41,593
Noncash investing and financing activities:
Operating lease right-of-use assets obtained in exchange for new lease obligations	1,965	680
Transfers from loans and leases to loans held for sale	130,863
Obligation to fund low-income housing partnerships	$ 11,369	$ 32,897

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
Organization and Basis of Presentation	Jun. 30, 2020
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, including loans, deposit products, wealth management, insurance, trust, retirement planning, credit card and merchant processing services, to consumer and commercial customers. 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, 2019. In the opinion of management, all adjustments, which consist of normal recurring adjustments necessary for a fair presentation of the interim period consolidated financial information, have been made. Results of operations for interim periods are not necessarily indicative of results to be expected for the entire year. Intercompany account balances and transactions have been eliminated in consolidation. Use of Estimates in the Preparation of Financial Statements The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates on historical experience and various other assumptions believed to be reasonable. Although these estimates are based on management’s best knowledge of current events, actual results may differ from these estimates. Investment Securities As of June 30, 2020 and December 31, 2019, investment securities were comprised of debt, mortgage-backed securities and collateralized mortgage obligations issued by the U.S. Government, its agencies and government-sponsored enterprises. The Company amortizes premiums and accretes discounts using the interest method over the expected lives of the individual securities. Premiums on callable debt securities are amortized to their earliest call date. All investment securities transactions are recorded on a trade-date basis. All of the Company’s investment securities were categorized as available-for-sale as of June 30, 2020 and December 31, 2019. Available-for-sale investment securities are reported at fair value, with unrealized gains and losses reported in accumulated other comprehensive income. Gains and losses realized on sales of investment securities are determined using the specific identification method. For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates at the individual security level whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Changes in the allowance for credit losses, if any, are recorded as a provision for (or reversal of) credit losses. Losses are charged against the allowance when management believes the uncollectibility of an available-for-sale investment security is confirmed or when either of the criteria regarding intent or requirement to sell is met. As noted above, as of June 30, 2020, the Company’s available-for-sale investment securities were comprised entirely of debt, mortgage-backed securities and collateralized mortgage obligations issued by the U.S. Government, its agencies and government-sponsored enterprises. Management has concluded that the long history with no credit losses from these issuers indicates an expectation that nonpayment of the amortized cost basis is zero. The Company’s available-for-sale investment securities are explicitly or implicitly fully guaranteed by the U.S. government. The U.S. government can print its own currency and its currency is routinely held by central banks and other major financial institutions. The dollar is used in international commerce, and commonly is viewed as a reserve currency, all of which qualitatively indicates that historical credit loss information should be minimally affected by current conditions and reasonable and supportable forecasts. Thus, the Company has not Accrued interest receivable related to available-for-sale investment securities was $9.7 million as of June 30, 2020 and is recorded separately from the amortized cost basis of investment securities on the Company’s interim consolidated balance sheet. Loans and Leases Loans are reported at amortized cost which includes the principal amount outstanding, net of deferred loan fees and costs and cumulative net charge-offs. Interest income is recognized on an accrual basis. Loan origination fees, certain direct costs and unearned discounts and premiums, if any, are deferred and are generally accreted or amortized into interest income as yield adjustments using the interest method over the contractual life of the loan. Other credit-related fees are recognized as fee income, a component of noninterest income, when earned. Direct financing leases are carried at the aggregate of lease payments receivable plus the estimated residual value of leased property, less unearned income. Unearned income on direct financing leases is amortized over the lease term by methods that approximate the interest method. Residual values on leased assets are periodically reviewed for impairment. Accrued interest receivable related to loans and leases was $48.7 million as of June 30, 2020 and is recorded separately from the amortized cost basis of loans and leases on the Company’s interim consolidated balance sheet. Nonaccrual Loans and Leases The Company generally places a loan or lease 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. A full or partial charge-off is recorded in the period in which the loan or lease is deemed uncollectible. When the Company places a loan or lease on nonaccrual status, previously accrued and uncollected interest is concurrently reversed against interest income. When the Company receives an interest payment on a nonaccrual loan or lease, the payment is applied as a reduction of the principal balance. Nonaccrual loans and leases are generally returned to accrual status when they become current as to principal and interest and future payments are reasonably assured. Allowance for Credit Losses The allowance for credit losses for loans and leases (the “ACL”) is a valuation account that is deducted from the amortized cost basis of loans and leases to present the net amount expected to be collected from loans and leases. Loans and leases are charged-off against the ACL when management believes the uncollectibility of a loan or lease balance is confirmed. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The Company’s ACL and the reserve for unfunded commitments under the Current Expected Credit Losses (“CECL”) approach utilizes both quantitative and qualitative components. The Company’s methodology utilizes a quantitative model based on a single forward-looking macroeconomic forecast. The quantitative estimation is overlaid with qualitative adjustments to account for current conditions and forward-looking events not captured in the quantitative model. Qualitative adjustments that are considered include adjustments for regulatory determinants, model limitations, model maturity, and other current or forecasted events that are not captured in the Company’s historical loss experience. The Company generally evaluates loans and leases on a collective or pool basis when similar risk characteristics exist. However, loans and leases that do not share similar risk characteristics are evaluated on an individual basis. Such loans and leases evaluated individually are excluded from the collective evaluation. Individually assessed loans are measured for estimated credit loss (“ECL”) based on the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral, less estimated selling costs, if the loan is collateral-dependent. Management reviews relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts about the future. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency levels, or term as well as for changes in environmental conditions, such as changes in unemployment rates, property values, or other relevant factors. The Company utilizes a Probability of Default (“PD”)/Loss Given Default (“LGD”) framework to estimate the ACL and the reserve for unfunded commitments. The PD represents the percentage expectation to default, measured by assessing loans and leases that migrate to default status (i.e., nonaccrual status, troubled debt restructurings (“TDRs”), 90 days or more past due, partial or full charge-offs or bankruptcy). LGD is defined as the percentage of the exposure at default (“EAD”) lost at the time of default, net of any recoveries, and will be unique to each of the collateral types securing the Company’s loans. PD and LGD’s are based on past experience of the Company and management’s expectations of the future. The ECL on loans and leases is calculated by taking the product of the credit exposure, lifetime default probability (“LDP”) and the LGD. The ECL model is applied to current credit exposures at the account level, using assumptions calibrated at the portfolio segment level using internal historical loan and lease level data. The Company estimates the default risk of a credit exposure over the remaining life of each account using a transition probability matrix approach which captures both the average rate of up/down-grade and default transitions, as well as withdrawal rates which capture the historical rate of exposure decline due to loan and lease amortization and prepayment. To apply the transition matrices, each credit exposure’s remaining life is split into two time segments. The first time segment is for the reasonable and supportable forecast period over which the transition matrices which are applied have been adjusted to incorporate current and forecasted conditions over that period. Management has determined that using a one year time horizon for the reasonable and supportable forecast period for all classes of loans and leases is a reasonable forecast horizon given the difficulty in predicting future economic conditions with a high degree of certainty. The second time segment is the reversion period from the end of the reasonable and supportable forecast period to the maturity of the exposure, over which long-run average transition matrices are applied. Management elected to use an immediate reversion to the mean approach. Lifetime loss rates are applied against the amortized cost basis of loans and leases and unfunded commitments to estimate the ACL and the reserve for unfunded commitments. On a quarterly basis, management convenes the Bank’s forecasting team which is responsible for qualitatively forecasting the economic outlook over the reasonable and supportable forecast period within the context of forecasting credit losses. Management reviews local and national economic forecasts and other pertinent materials to inform the team in establishing their best estimate of the economic outlook over the reasonable and supportable forecast period. The team considers unemployment rates, gross domestic product, personal income per capita, visitor arrivals and expenditures and home prices along with other relevant information. The results from the Bank’s forecasting team dictates the direction of the economic forecast compared to current economic conditions (i.e., better or worse) and the magnitude of the forecast adjustment (e.g., mild, medium or severe). The direction of the economic forecast and magnitude are used to qualitatively adjust the modifier that is applied to the long-run default rates over the reasonable and supportable forecast period. The Company has identified three portfolio segments in estimating the ACL: commercial, residential real estate and consumer lending. The Company’s commercial portfolio segment is comprised of four distinct classes: commercial and industrial loans, commercial real estate loans, construction loans and lease financing. The key risk drivers related to this portfolio segment include risk rating, collateral type, and remaining maturity. The Company’s residential real estate portfolio segment is comprised of two distinct classes: residential real estate loans and home equity lines of credit. Specific risk characteristics related to this portfolio include the value of the underlying collateral, credit score and remaining maturity. Finally, the Company’s consumer portfolio segment is not further segmented, but consists primarily of automobile loans, credit cards and other installment loans. Automobile loans constitute the majority of this segment and are monitored using credit scores, collateral values and remaining maturity. The remainder of the consumer portfolio is predominantly unsecured. Reserve for Unfunded Commitments The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The reserve for unfunded commitments is adjusted through the provision for credit losses. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. Accounting Standards Adopted in 2020 In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments The implementation of CECL required 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 existing processes. The Company also engaged a software vendor and had run several CECL parallel run productions during 2019. The Company adopted the provisions of ASU No. 2016-13 and related amendments by recording a cumulative effect adjustment to retained earnings as of January 1, 2020. Note that the Company did not opt to delay the implementation of CECL requirements as permitted under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which allows entities to delay implementation until the earlier of (1) the date on which the national emergency concerning the Coronavirus Disease 2019 (“COVID-19”) terminates, or (2) December 31, 2020. The following table presents the impact of adopting ASC Topic 326 as of January 1, 2020: Prior to the Adjustment Adoption of to Adopt After Adoption of (dollars in thousands) ASC Topic 326 ASC Topic 326 ASC Topic 326 Assets: Allowance for Credit Losses - Loans and Leases $ 130,530 $ 770 $ 131,300 Liabilities: Reserve for Unfunded Commitments (1) 600 16,300 16,900 Pretax Cumulative Effect Adjustment of a Change in Accounting Principle 17,070 Less: Income Taxes (4,553) Cumulative-Effect Adjustment of a Change in Accounting Principle, Net of Tax $ 12,517 (1) The reserve for unfunded commitments is included as a component of other liabilities in the Company's interim consolidated balance sheets. 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 Recent Accounting Pronouncements The following ASU has been issued by the FASB and is applicable to the Company in future reporting periods. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting

Investment Securities

Investment Securities	6 Months Ended
Investment Securities	Jun. 30, 2020
Investment Securities
Investment Securities	2. Investment Securities As of June 30, 2020 and December 31, 2019, investment securities consisted predominantly of the following investment categories: U.S. Treasury and debt securities Mortgage-backed securities Collateralized mortgage obligations As of June 30, 2020 and December 31, 2019, all of the Company’s investment securities were classified as available-for-sale. Amortized cost and fair value of securities as of June 30, 2020 and December 31, 2019 were as follows: June 30, 2020 December 31, 2019 Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Cost Gains Losses Value U.S. Treasury and government agency debt securities $ 94,414 $ 504 $ — $ 94,918 $ 29,832 $ 56 $ — $ 29,888 Government-sponsored enterprises debt securities — — — — 101,697 19 (277) 101,439 Mortgage-backed securities: Residential - Government agency 224,764 7,853 — 232,617 290,131 2,224 (1,146) 291,209 Residential - Government-sponsored enterprises 375,118 15,794 — 390,912 395,039 6,126 (1,673) 399,492 Commercial - Government agency 612,811 17,324 (456) 629,679 — — — — Commercial - Government-sponsored enterprises 312,293 10,703 — 322,996 101,798 555 (634) 101,719 Collateralized mortgage obligations: Government agency 1,887,701 39,538 (655) 1,926,584 2,390,143 7,483 (16,348) 2,381,278 Government-sponsored enterprises 1,518,332 20,194 (457) 1,538,069 772,023 2,505 (3,909) 770,619 Total available-for-sale securities $ 5,025,433 $ 111,910 $ (1,568) $ 5,135,775 $ 4,080,663 $ 18,968 $ (23,987) $ 4,075,644 Proceeds from calls and sales of investment securities were $26.7 million and $539.5 million, respectively, for the three months ended June 30, 2020, and $101.7 million and $543.0 million, respectively, for the six months ended June 30, 2020. Proceeds from calls and sales of investment securities were nil and $42.6 million, respectively, for the three months ended June 30, 2019 and nil and $905.6 million, respectively, for the six months ended June 30, 2019. The Company recorded gross realized gains of $0.5 million and gross realized losses of $0.8 million for the three months ended June 30, 2020 and gross realized gains of $0.6 million and gross realized losses of $0.8 million for the six months ended June 30, 2020. The Company recorded gross realized gains of $0.1 million and gross realized losses of $0.1 million for the three months ended June 30, 2019 and gross realized gains of $0.1 million and gross realized losses of $2.7 million for the six months ended June 30, 2019. The income tax benefit related to the Company’s net realized loss on the sale of investment securities was $0.1 million and nil, respectively, during the three and six months ended June 30, 2020. The income tax expense related to the net realized gains on the sale of investment securities was nil for the three months ended June 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 six months ended June 30, 2019. Gains and losses realized on sales of securities are determined using the specific identification method. Interest income from taxable investment securities was $17.5 million and $24.8 million, respectively, for the three months ended June 30, 2020 and 2019, and $38.7 million and $49.3 million, respectively, for the six months ended June 30, 2020 and 2019. Interest income from non-taxable investment securities was nil during both the three and six months ended June 30, 2020 and 2019. The amortized cost and fair value of debt securities issued by the U.S. Treasury and government agencies as of June 30, 2020, by contractual maturity, are shown below. 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. June 30, 2020 Amortized Fair (dollars in thousands) Cost Value Due in one year or less $ — $ — Due after one year through five years 30,442 30,941 Due after five years through ten years — — Due after ten years 63,972 63,977 94,414 94,918 Mortgage-backed securities: Residential - Government agency 224,764 232,617 Residential - Government-sponsored enterprises 375,118 390,912 Commercial - Government agency 612,811 629,679 Commercial - Government-sponsored enterprises 312,293 322,996 Total mortgage-backed securities 1,524,986 1,576,204 Collateralized mortgage obligations: Government agency 1,887,701 1,926,584 Government-sponsored enterprises 1,518,332 1,538,069 Total collateralized mortgage obligations 3,406,033 3,464,653 Total available-for-sale securities $ 5,025,433 $ 5,135,775 At June 30, 2020, pledged securities totaled $3.2 billion, of which $3.0 billion was pledged to secure public deposits and $237.2 million was pledged to secure other financial transactions. At December 31, 2019, pledged securities totaled $1.8 billion, of which $1.5 billion was pledged to secure public deposits and $242.3 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 June 30, 2020 or December 31, 2019. 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 16 and 118 individual securities in each category have been in a continuous loss position as of June 30, 2020 and December 31, 2019, 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. At June 30, 2020, the Company did not have any securities with 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. Time in Continuous Loss as of June 30, 2020 Less Than 12 Months 12 Months or More Total Unrealized Unrealized Unrealized (dollars in thousands) Losses Fair Value Losses Fair Value Losses Fair Value Mortgage-backed securities: Commercial - Government agency $ (456) $ 90,834 $ — $ — $ (456) $ 90,834 Collateralized mortgage obligations: Government agency (603) 200,395 (52) 9,212 (655) 209,607 Government-sponsored enterprises (430) 124,283 (27) 8,813 (457) 133,096 Total available-for-sale securities with unrealized losses $ (1,489) $ 415,512 $ (79) $ 18,025 $ (1,568) $ 433,537 Time in Continuous Loss as of December 31, 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 $ (277) $ 49,716 $ — $ — $ (277) $ 49,716 Mortgage-backed securities: Residential - Government agency — — (1,146) 109,614 (1,146) 109,614 Residential - Government-sponsored enterprises (115) 76,481 (1,558) 109,025 (1,673) 185,506 Commercial - Government-sponsored enterprises (634) 38,062 — — (634) 38,062 Collateralized mortgage obligations: Government agency (8,049) 969,762 (8,299) 565,764 (16,348) 1,535,526 Government-sponsored enterprises (583) 180,785 (3,326) 209,752 (3,909) 390,537 Total available-for-sale securities with unrealized losses $ (9,658) $ 1,314,806 $ (14,329) $ 994,155 $ (23,987) $ 2,308,961 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. In October 2019, the Company made a payment of approximately $0.3 million 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 June 30, 2020 and December 31, 2019. These shares continued to be carried at $0 cost basis as of both June 30, 2020 and December 31, 2019.

Loans and Leases

Loans and Leases	6 Months Ended
Loans and Leases	Jun. 30, 2020
Loans and Leases.
Loans and Leases	3. Loans and Leases As of June 30, 2020 and December 31, 2019, loans and leases were comprised of the following: June 30, December 31, (dollars in thousands) 2020 2019 Commercial and industrial $ 3,423,708 $ 2,743,242 Commercial real estate 3,423,499 3,463,953 Construction 617,935 519,241 Residential: Residential mortgage 3,691,950 3,768,936 Home equity line 876,491 893,239 Total residential 4,568,441 4,662,175 Consumer 1,492,160 1,620,556 Lease financing 238,287 202,483 Total loans and leases $ 13,764,030 $ 13,211,650 As of June 30, 2020, 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, commercial and industrial and commercial real estate loans totaling $1.8 billion were pledged to collateralize the Company’s borrowing capacity at the Federal Reserve Bank of San Francisco (“FRB”). As of December 31, 2019, residential real estate loans totaling $2.9 billion were pledged to collateralize the Company’s borrowing capacity at the FHLB, and consumer, commercial and industrial and commercial real estate loans totaling $953.2 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 $3.1 million and $4.1 million as of June 30, 2020 and December 31, 2019, respectively. In the course of evaluating the credit risk presented by a customer and the pricing that will adequately compensate the Company for assuming that risk, management may require a certain amount of collateral support. The type of collateral held varies, but may include accounts receivable, inventory, land, buildings, equipment, income-producing commercial properties and residential real estate. The Company applies the same collateral policy for loans whether they are funded immediately or on a delayed basis. The loan and lease portfolio is principally located in Hawaii and, to a lesser extent, on the U.S. Mainland, Guam and Saipan. The risk inherent in the portfolio depends upon both the economic strength and stability of the state or territories, which affects property values, and the financial strength and creditworthiness of the borrowers.

Allowance for Credit Losses

Allowance for Credit Losses	6 Months Ended
Allowance for Credit Losses	Jun. 30, 2020
Allowance for Credit Losses
Allowance for Credit Losses	4. Allowance for Credit Losses The Company maintains an ACL that is deducted from the amortized cost basis of loans and leases to present the net carrying value of loans and leases expected to be collected. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount of loans and leases. The Company also maintains an estimated reserve for unfunded commitments on the unaudited interim consolidated balance sheets. The reserve for unfunded commitments is reduced in the period in which the OBS financial instruments expire, loan funding occurs, or is otherwise settled. In response to the COVID-19 pandemic, on March 27, 2020, the CARES Act was signed into law. The CARES Act creates a forbearance program for federally backed mortgage loans, protects borrowers from negative credit reporting due to loan accommodations related to the National Emergency, and provides financial institutions the option to temporarily suspend certain requirements under GAAP related to TDRs for a limited period of time to account for the effects of COVID-19. Financial institutions accounting for eligible loans under the CARES Act are not required to report such loans as TDRs in accordance with GAAP. In addition, Interagency Statements were issued on March 22, 2020 and April 7, 2020 to encourage financial institutions to work prudently with borrowers and to describe the agencies’ interpretation of how current accounting rules under GAAP apply to certain COVID-19 related modifications. The agencies confirmed with the FASB that short-term modifications (e.g., six months or less) for payment deferrals, fee waivers, extensions of repayment terms, or delays in payment that are insignificant and made on a good faith basis in response to borrowers impacted by COVID-19 who were current prior to any relief are not TDRs under GAAP. The agencies also confirmed that these short-term modifications should not be reported as being on nonaccrual status and should not be considered past due during the period of the deferral. The Company has adopted the provisions of both the CARES Act and Interagency Statements. The Company is first applying the CARES Act guidance in determining if certain loan modifications are not required to be reported as TDRs. If the loan modification does not qualify under the CARES Act, then the Interagency Statement guidance is applied. The interim consolidated financial information below reflects the application of this guidance. Rollforward of the Allowance for Credit Losses The following presents the activity in the ACL by class of loans and leases for the three and six months ended June 30, 2020: Three Months Ended June 30, 2020 Commercial Lending Residential Lending Commercial Commercial Home and Real Lease Residential Equity (dollars in thousands) Industrial Estate Construction Financing Mortgage Line Consumer Total Allowance for credit losses: Balance at beginning of period $ 20,884 $ 42,838 $ 8,824 $ 851 $ 30,021 $ 6,556 $ 56,039 $ 166,013 Charge-offs (13,974) (2,723) (379) — (14) — (8,907) (25,997) Recoveries 100 — 30 — 17 8 2,456 2,611 Increase (decrease) in Provision 14,289 13,007 (3,199) 2,986 3,850 1,071 17,489 49,493 Balance at end of period $ 21,299 $ 53,122 $ 5,276 $ 3,837 $ 33,874 $ 7,635 $ 67,077 $ 192,120 Six Months Ended June 30, 2020 Commercial Lending Residential Lending Commercial Commercial Home and Real Lease Residential Equity (dollars in thousands) Industrial Estate Construction Financing Mortgage Line Consumer Unallocated Total Allowance for credit losses: Balance at beginning of period $ 28,975 $ 22,325 $ 4,844 $ 424 $ 29,303 $ 9,876 $ 34,644 $ 139 $ 130,530 Adoption of ASU No. 2016-13 (16,105) 10,559 (1,803) 207 (2,793) (4,731) 15,575 (139) 770 Charge-offs (14,175) (2,723) (379) — (14) (8) (17,504) — (34,803) Recoveries 320 — 140 — 152 130 4,539 — 5,281 Increase in Provision 22,284 22,961 2,474 3,206 7,226 2,368 29,823 — 90,342 Balance at end of period $ 21,299 $ 53,122 $ 5,276 $ 3,837 $ 33,874 $ 7,635 $ 67,077 $ — $ 192,120 The following presents the activity in the ACL by class of loans and leases for the three and six months ended June 30, 2019, presented in accordance with Topic 310, Receivables Three Months Ended June 30, 2019 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for credit losses: Balance at beginning of period $ 31,793 $ 21,197 $ 5,381 $ 411 $ 44,911 $ 35,099 $ 2,754 $ 141,546 Charge-offs (2,000) — — — — (7,505) — (9,505) Recoveries 25 32 — — 185 2,382 — 2,624 Increase (decrease) in Provision 1,870 975 (367) 35 (1,676) 3,662 (629) 3,870 Balance at end of period $ 31,688 $ 22,204 $ 5,014 $ 446 $ 43,420 $ 33,638 $ 2,125 $ 138,535 Six Months Ended June 30, 2019 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for credit losses: Balance at beginning of period $ 34,501 $ 19,725 $ 5,813 $ 432 $ 44,906 $ 35,813 $ 528 $ 141,718 Charge-offs (2,000) — — (24) — (16,103) — (18,127) Recoveries 62 63 — — 435 4,834 — 5,394 Increase (decrease) in Provision (875) 2,416 (799) 38 (1,921) 9,094 1,597 9,550 Balance at end of period $ 31,688 $ 22,204 $ 5,014 $ 446 $ 43,420 $ 33,638 $ 2,125 $ 138,535 The disaggregation of the ACL and recorded investment in loans by impairment methodology as of December 31, 2019, presented in accordance with Topic 310, Receivables December 31, 2019 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for credit losses: Individually evaluated for impairment $ 46 $ 27 $ — $ — $ 130 $ — $ — $ 203 Collectively evaluated for impairment 28,929 22,298 4,844 424 39,049 34,644 139 130,327 Balance at end of period $ 28,975 $ 22,325 $ 4,844 $ 424 $ 39,179 $ 34,644 $ 139 $ 130,530 Loans and leases: Individually evaluated for impairment $ 4,951 $ 723 $ — $ — $ 14,964 $ — $ — $ 20,638 Collectively evaluated for impairment 2,738,291 3,463,230 519,241 202,483 4,647,211 1,620,556 — 13,191,012 Balance at end of period $ 2,743,242 $ 3,463,953 $ 519,241 $ 202,483 $ 4,662,175 $ 1,620,556 $ — $ 13,211,650 Rollforward of the Reserve for Unfunded Commitments The following presents the activity in the Reserve for Unfunded Commitments for the three and six months ended June 30, 2020: Three Months Ended June 30, 2020 Commercial Lending Residential Lending Commercial Commercial Home and Real Lease Residential Equity (dollars in thousands) Industrial Estate Construction Financing Mortgage Line Consumer Total Reserve for unfunded commitments: Balance at beginning of period $ 4,791 $ 696 $ 4,813 $ — $ 1 $ 6,927 $ 23 $ 17,251 Increase in Provision 3,390 472 1,095 — 2 963 31 5,953 Balance at end of period $ 8,181 $ 1,168 $ 5,908 $ — $ 3 $ 7,890 $ 54 $ 23,204 Six Months Ended June 30, 2020 Commercial Lending Residential Lending Commercial Commercial Home and Real Lease Residential Equity (dollars in thousands) Industrial Estate Construction Financing Mortgage Line Consumer Total Reserve for unfunded commitments: Balance at beginning of period $ — $ — $ — $ — $ — $ — $ 600 $ 600 Adoption of ASU No. 2016-13 5,390 778 4,119 — 7 6,587 (581) 16,300 Increase (decrease) in Provision 2,791 390 1,789 — (4) 1,303 35 6,304 Balance at end of period $ 8,181 $ 1,168 $ 5,908 $ — $ 3 $ 7,890 $ 54 $ 23,204 Credit Quality Information The Company performs an internal loan review and grading or scoring procedures 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 or scoring procedures is to identify, in a timely manner, existing or emerging credit quality issues so that appropriate steps can be initiated to avoid or minimize future losses. Loans and leases subject to grading primarily include: commercial and industrial loans, commercial real estate loans, construction loans and lease financing. Other loans subject to grading include installment loans to businesses or individuals for business and commercial purposes, overdraft lines of credit, commercial credit cards, and other credits as may be determined. Credit quality indicators for internally graded loans and leases are generally updated on an annual basis or on a quarterly basis for those loans and leases deemed to be of potentially higher risk. An internal 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 factors of a borrower: character, earnings and operating cash flow, asset and liability structure, debt capacity, management and controls, borrowing entity, and industry and operating environment. Pass Special Mention Substandard Doubtful Loss Loans that are primarily monitored for credit quality using FICO scores include: residential real estate loans, home equity lines and consumer loans. FICO scores are calculated primarily based on a consideration of payment history, the current amount of debt, the length of credit history available, a recent history of new sources of credit and the mix of credit type. FICO scores are updated on a monthly, quarterly or bi-annual basis, depending on the product type. The amortized cost basis by year of origination and credit quality indicator of the Company's loans and leases as of June 30, 2020 was as follows: Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans Amortized Amortized (dollars in thousands) 2020 2019 2018 2017 2016 Prior Cost Basis Cost Basis Total Commercial Lending Commercial and Industrial Risk rating: Pass $ 989,501 $ 349,261 $ 271,941 $ 76,742 $ 62,113 $ 68,468 $ 1,182,299 $ 39,617 $ 3,039,942 Special Mention 28,136 9,235 8,460 841 335 27,174 113,642 509 188,332 Substandard 16,621 1,724 1,836 2,000 4,321 9,788 52,225 938 89,453 Other (1) 9,091 16,661 12,574 7,884 3,199 811 55,761 — 105,981 Total Commercial and Industrial 1,043,349 376,881 294,811 87,467 69,968 106,241 1,403,927 41,064 3,423,708 Commercial Real Estate Risk rating: Pass 171,445 618,501 523,149 440,549 296,474 927,232 33,878 — 3,011,228 Special Mention — 113,286 53,391 62,165 47,790 66,008 2,999 — 345,639 Substandard — 16,304 14,617 1,655 6,630 17,947 8,970 — 66,123 Other (1) — — — — — 509 — — 509 Total Commercial Real Estate 171,445 748,091 591,157 504,369 350,894 1,011,696 45,847 — 3,423,499 Construction Risk rating: Pass 16,615 135,963 192,016 96,137 24,106 41,457 29,297 — 535,591 Special Mention — — 2,152 4,782 — 10,850 196 — 17,980 Substandard — — 541 1,840 528 1,000 — — 3,909 Other (1) 8,415 31,038 8,546 5,562 1,795 4,514 585 — 60,455 Total Construction 25,030 167,001 203,255 108,321 26,429 57,821 30,078 — 617,935 Lease Financing Risk rating: Pass 45,489 67,806 11,965 18,915 3,764 59,364 — — 207,303 Special Mention 9,142 1,931 4,626 1,545 1,440 5,854 — — 24,538 Substandard 2,697 1,651 368 1,207 — 523 — — 6,446 Total Lease Financing 57,328 71,388 16,959 21,667 5,204 65,741 — — 238,287 Total Commercial Lending $ 1,297,152 $ 1,363,361 $ 1,106,182 $ 721,824 $ 452,495 $ 1,241,499 $ 1,479,852 $ 41,064 $ 7,703,429 (continued) Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans (continued) Amortized Amortized (dollars in thousands) 2020 2019 2018 2017 2016 Prior Cost Basis Cost Basis Total Residential Lending Residential Mortgage FICO: 740 and greater $ 300,079 $ 411,883 $ 353,197 $ 411,670 $ 362,197 $ 988,771 $ — $ — $ 2,827,797 680 - 739 50,937 72,139 64,920 65,992 43,666 161,897 — — 459,551 620 - 679 6,098 12,708 12,060 12,648 10,789 55,000 — — 109,303 550 - 619 2,006 1,824 3,533 3,389 3,032 13,329 — — 27,113 Less than 550 — — 1,204 1,907 528 6,324 — — 9,963 No Score (3) 15,676 21,603 24,182 23,736 16,298 51,943 — — 153,438 Other (2) 8,244 20,308 22,241 23,435 12,412 17,063 579 503 104,785 Total Residential Mortgage 383,040 540,465 481,337 542,777 448,922 1,294,327 579 503 3,691,950 Home Equity Line FICO: 740 and greater — — — — — — 626,897 858 627,755 680 - 739 — — — — — — 169,547 1,283 170,830 620 - 679 — — — — — — 48,655 1,013 49,668 550 - 619 — — — — — — 14,276 562 14,838 Less than 550 — — — — — — 6,661 212 6,873 No Score (3) — — — — — — 6,527 — 6,527 Total Home Equity Line — — — — — — 872,563 3,928 876,491 Total Residential Lending 383,040 540,465 481,337 542,777 448,922 1,294,327 873,142 4,431 4,568,441 Consumer Lending FICO: 740 and greater 65,206 141,704 120,178 71,525 35,932 12,451 109,702 — 556,698 680 - 739 47,584 109,728 87,056 48,728 24,478 10,094 83,021 — 410,689 620 - 679 24,185 65,310 43,282 31,318 16,144 7,013 42,511 — 229,763 550 - 619 5,881 26,220 22,891 20,874 10,869 5,467 18,429 — 110,631 Less than 550 1,562 12,306 13,110 10,628 5,397 2,567 7,777 — 53,347 No Score (3) 3,799 124 125 126 27 1 34,281 — 38,483 Other (2) 594 9,160 96 2,225 72 6,804 73,598 — 92,549 Total Consumer Lending 148,811 364,552 286,738 185,424 92,919 44,397 369,319 — 1,492,160 Total Loans and Leases $ 1,829,003 $ 2,268,378 $ 1,874,257 $ 1,450,025 $ 994,336 $ 2,580,223 $ 2,722,313 $ 45,495 $ 13,764,030 (1) Other credit quality indicators used for monitoring purposes are primarily FICO scores. (2) Other credit quality indicators used for monitoring purposes are primarily internal risk ratings. (3) No FICO scores are primarily related to loans and leases extended to non-residents. Loans and leases of this nature are primarily secured by collateral and/or are closely monitored for performance. There were no loans and leases graded as Loss as of June 30, 2020. The amortized cost basis of revolving loans that were converted to term loans during the three and six months ended June 30, 2020 was as follows: Three Months Ended (dollars in thousands) June 30, 2020 Commercial and industrial $ 294 Home equity line 3,928 Total Revolving Loans Converted to Term Loans During the Period $ 4,222 Six Months Ended (dollars in thousands) June 30, 2020 Commercial and industrial $ 28,522 Residential mortgage 296 Home equity line 3,928 Total Revolving Loans Converted to Term Loans During the Period $ 32,746 The credit risk profiles by internally assigned grade for loans and leases as of December 31, 2019, presented in accordance with Topic 310, Receivables December 31, 2019 Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Total Grade: Pass $ 2,585,908 $ 3,327,659 $ 515,993 $ 201,461 $ 6,631,021 Special mention 91,365 106,331 127 1,022 198,845 Substandard 65,969 29,963 3,121 — 99,053 Total $ 2,743,242 $ 3,463,953 $ 519,241 $ 202,483 $ 6,928,919 There were no loans and leases graded as Loss as of December 31, 2019. The credit risk profiles based on payment activity for loans and leases that were not subject to loan grading as of December 31, 2019 presented in accordance with Topic 310, Receivables December 31, 2019 (dollars in thousands) Residential Mortgage Home Equity Line Consumer Consumer - Auto Credit Cards Total Performing $ 3,759,799 $ 886,879 $ 219,046 $ 1,016,142 $ 347,264 $ 6,229,130 Non-performing and delinquent 9,137 6,360 7,258 24,326 6,520 53,601 Total $ 3,768,936 $ 893,239 $ 226,304 $ 1,040,468 $ 353,784 $ 6,282,731 Past-Due Status The Company continually updates its aging analysis for loans and leases to monitor the migration of loans and leases into past due categories. The Company considers loans and leases that are delinquent for 30 days or more to be past due. As of June 30, 2020, the aging analysis of the amortized cost basis of the Company’s past due loans and leases was as follows: June 30, 2020 Past Due Loans and Greater Leases Past Than or Due 90 Days 30-59 60-89 Equal to or More and Days Days 90 Days Total Total Loans Still Accruing (dollars in thousands) Past Due Past Due Past Due Past Due Current and Leases Interest Commercial and industrial $ 2,535 $ 2,501 $ 2,374 $ 7,410 $ 3,416,298 $ 3,423,708 $ 2,309 Commercial real estate 2,761 94 1,655 4,510 3,418,989 3,423,499 900 Construction 2,737 — 2,292 5,029 612,906 617,935 248 Lease financing — — — — 238,287 238,287 — Residential mortgage 2,630 4,778 4,152 11,560 3,680,390 3,691,950 — Home equity line 2,041 1,591 4,496 8,128 868,363 876,491 4,496 Consumer 11,053 3,103 2,167 16,323 1,475,837 1,492,160 2,167 Total $ 23,757 $ 12,067 $ 17,136 $ 52,960 $ 13,711,070 $ 13,764,030 $ 10,120 As of December 31, 2019, the aging analysis of the Company’s past due loans and leases, presented in accordance with Topic 310, Receivables December 31, 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 $ 1,525 $ 808 $ 1,429 $ 3,762 $ 2,739,448 $ 2,743,210 $ 32 $ 2,743,242 Commercial real estate 1,664 1,125 1,013 3,802 3,460,121 3,463,923 30 3,463,953 Construction — — 2,367 2,367 516,874 519,241 — 519,241 Lease financing — — — — 202,483 202,483 — 202,483 Residential mortgage 3,258 399 74 3,731 3,759,799 3,763,530 5,406 3,768,936 Home equity line 2,971 394 2,995 6,360 886,879 893,239 — 893,239 Consumer 26,810 7,022 4,272 38,104 1,582,452 1,620,556 — 1,620,556 Total $ 36,228 $ 9,748 $ 12,150 $ 58,126 $ 13,148,056 $ 13,206,182 $ 5,468 $ 13,211,650 Nonaccrual Loans and Leases The Company generally places a loan or lease 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. The Company charges off a loan or lease when facts indicate that the loan or lease is considered uncollectible. The amortized cost basis of loans and leases on nonaccrual status as of June 30, 2020 and January 1, 2020 and the amortized cost basis of loans and leases on nonaccrual status with no allowance for credit losses as of June 30, 2020 were as follows: June 30, 2020 January 1, 2020 Nonaccrual Loans and Leases With No Nonaccrual Nonaccrual Allowance Loans Loans (dollars in thousands) for Credit Losses and Leases and Leases Commercial and industrial $ 11,494 $ 11,559 $ 32 Commercial real estate 13,088 13,168 30 Construction 1,840 2,043 — Residential mortgage 1,475 6,059 5,406 Total Nonaccrual Loans and Leases $ 27,897 $ 32,829 $ 5,468 For both the three and six months ended June 30, 2020, the Company recognized interest income of $0.1 million on nonaccrual loans and leases. Furthermore, for the three and six months ended June 30, 2020, the amount of accrued interest receivables written off by reversing interest income was $0.5 million and $0.9 million, respectively. Collateral-Dependent Loans and Leases Collateral-dependent loans and leases are those for which repayment (on the basis of the Company’s assessment as of the reporting date) is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. As of June 30, 2020, the amortized cost basis of collateral-dependent loans was $55.9 million. These loans were primarily collateralized by commercial and residential real estate property and borrower assets. As of June 30, 2020, the fair value of collateral on substantially all collateral-dependent loans were significantly in excess of their amortized cost basis. Impaired Loans The total carrying amounts and the total unpaid principal balances of impaired loans and leases as of December 31, 2019, presented in accordance with Topic 310, Receivables December 31, 2019 Unpaid Recorded Principal Related (dollars in thousands) Investment Balance Allowance Impaired loans with no related allowance recorded: Commercial and industrial $ 3,825 $ 3,841 $ — Commercial real estate 30 30 — Residential mortgage 10,425 10,718 — Total $ 14,280 $ 14,589 $ — Impaired loans with a related allowance recorded: Commercial and industrial $ 1,126 $ 1,126 $ 46 Commercial real estate 693 693 27 Residential mortgage 4,539 4,819 130 Total $ 6,358 $ 6,638 $ 203 Total impaired loans: Commercial and industrial $ 4,951 $ 4,967 $ 46 Commercial real estate 723 723 27 Residential mortgage 14,964 15,537 130 Total $ 20,638 $ 21,227 $ 203 The following table provides information with respect to the Company’s average balances, and of interest income recognized from, impaired loans for the three and six months ended June 30, 2019, presented in accordance with Topic 310, Receivables Three Months Ended Six Months Ended June 30, 2019 June 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 $ 3,833 $ 94 $ 4,038 $ 175 Commercial real estate 3,102 40 3,740 212 Residential mortgage 7,948 92 8,336 191 Total $ 14,883 $ 226 $ 16,114 $ 578 Impaired loans with a related allowance recorded: Commercial and industrial $ 5,645 $ 61 $ 5,187 $ 117 Commercial real estate 715 10 719 20 Residential mortgage 7,220 103 7,147 199 Total $ 13,580 $ 174 $ 13,053 $ 336 Total impaired loans: Commercial and industrial $ 9,478 $ 155 $ 9,225 $ 292 Commercial real estate 3,817 50 4,459 232 Residential mortgage 15,168 195 15,483 390 Total $ 28,463 $ 400 $ 29,167 $ 914 Modifications Commercial and industrial loans modified in a 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 ACL associated with the loan. An ACL 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 or if the loan is collateral dependent, the estimated fair value of the collateral, less any selling costs. An ACL for impaired residential real estate loans that have been modified in a TDR is measured based on the estimated fair value of the collateral, less any selling costs. Management exercises significant judgment in developing these estimates. The following presents, by class, information related to loans modified in a TDR during the three and six months ended June 30, 2020 and 2019: Three Months Ended Six Months Ended June 30, 2020 June 30, 2020 Number of Recorded Related Number of Recorded Related (dollars in thousands) Contracts Investment (1) Allowance Contracts Investment (1) Allowance Commercial and industrial — $ — $ — 1 $ 500 $ 30 Total — $ — $ — 1 $ 500 $ 30 (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 Six Months Ended June 30, 2019 June 30, 2019 Number of Recorded Related Number of Recorded Related (dollars in thousands) Contracts Investment (1) Allowance Contracts Investment (1) Allowance Comme

Mortgage Servicing Rights

Mortgage Servicing Rights	6 Months Ended
Mortgage Servicing Rights	Jun. 30, 2020
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 $2.3 billion as of June 30, 2020 and December 31, 2019, respectively. Servicing fees include contractually specified fees, late charges, and ancillary fees, and were $1.4 million and $1.6 million for the three months ended June 30, 2020 and 2019, respectively, and $2.9 million and $3.2 million for the six months ended June 30, 2020 and 2019, respectively. Amortization of mortgage servicing rights (“MSRs”) was $1.3 million and $0.8 million for the three months ended June 30, 2020 and 2019, respectively, and $3.3 million and $1.6 million for the six months ended June 30, 2020 and 2019, respectively. The estimated future amortization expenses for MSRs over the next five years are as follows: Estimated (dollars in thousands) Amortization Under one year $ 2,687 One to two years 2,088 Two to three years 1,625 Three to four years 1,292 Four to five years 1,046 The details of the Company’s MSRs are presented below: June 30, December 31, (dollars in thousands) 2020 2019 Gross carrying amount $ 65,686 $ 63,480 Less: accumulated amortization 54,091 50,812 Net carrying value $ 11,595 $ 12,668 The following table presents changes in amortized MSRs for the three and six months ended June 30, 2020 and 2019: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2020 2019 2020 2019 Balance at beginning of period $ 11,979 $ 15,399 $ 12,668 $ 16,155 Originations 915 16 2,206 24 Amortization (1,299) (842) (3,279) (1,606) Balance at end of period $ 11,595 $ 14,573 $ 11,595 $ 14,573 Fair value of amortized MSRs at beginning of period $ 17,615 $ 26,383 $ 20,329 $ 27,662 Fair value of amortized MSRs at end of period $ 15,159 $ 23,398 $ 15,159 $ 23,398 MSRs are evaluated for impairment if events and circumstances indicate a possible impairment. No impairment of MSRs was recorded for the three and six months ended June 30, 2020 and 2019. The quantitative assumptions used in determining the lower of cost or fair value of the Company’s MSRs as of June 30, 2020 and December 31, 2019 were as follows: June 30, 2020 December 31, 2019 Weighted Weighted Range Average Range Average Conditional prepayment rate 14.35 % - 24.33 % 16.64 % 10.74 % - 23.39 % 11.10 % Life in years (of the MSR) 1.92 - 5.72 4.45 2.04 - 6.33 5.99 Weighted-average coupon rate 3.87 % - 7.11 % 3.96 % 3.96 % - 7.26 % 4.01 % Discount rate 10.00 % - 10.00 % 10.00 % 10.00 % - 10.01 % 10.00 % The sensitivities surrounding MSRs are expected to have an immaterial impact on fair value.

Transfers of Financial Assets

Transfers of Financial Assets	6 Months Ended
Transfers of Financial Assets	Jun. 30, 2020
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 June 30, 2020 and December 31, 2019 were as follows: (dollars in thousands) June 30, 2020 December 31, 2019 Public deposits $ 3,001,044 $ 1,543,492 Federal Home Loan Bank 2,919,854 2,928,581 Federal Reserve Bank 1,759,853 953,169 ACH transactions 145,263 155,360 Interest rate swaps 57,036 43,296 Total $ 7,883,050 $ 5,623,898 As the Company did not enter into reverse repurchase agreements or repurchase agreements, no collateral was accepted or pledged as of June 30, 2020 and December 31, 2019. In addition, no debt was extinguished by in-substance defeasance.

Deposits

Deposits	6 Months Ended
Deposits	Jun. 30, 2020
Deposits
Deposits	7. Deposits As of June 30, 2020 and December 31, 2019, deposits were categorized as interest-bearing or noninterest-bearing as follows: (dollars in thousands) June 30, 2020 December 31, 2019 U.S.: Interest-bearing $ 11,705,106 $ 9,782,957 Noninterest-bearing 6,081,910 5,188,696 Foreign: Interest-bearing 776,437 781,965 Noninterest-bearing 798,181 691,376 Total deposits $ 19,361,634 $ 16,444,994 The following table presents the maturity distribution of time certificates of deposit as of June 30, 2020: Under $250,000 (dollars in thousands) $250,000 or More Total Three months or less $ 186,536 $ 1,126,120 $ 1,312,656 Over three through six months 184,540 249,181 433,721 Over six through twelve months 409,875 708,352 1,118,227 One to two years 118,555 227,567 346,122 Two to three years 103,852 54,517 158,369 Three to four years 82,868 10,691 93,559 Four to five years 32,572 7,597 40,169 Thereafter 442 3,400 3,842 Total $ 1,119,240 $ 2,387,425 $ 3,506,665 Time certificates of deposit in denominations of $250,000 or more, in the aggregate, were $2.4 billion and $1.4 billion as of June 30, 2020 and December 31, 2019, respectively. Overdrawn deposit accounts are classified as loans and totaled $2.1 million and $3.6 million as of June 30, 2020 and December 31, 2019, respectively.

Short-Term Borrowings

Short-Term Borrowings	6 Months Ended
Short-Term Borrowings	Jun. 30, 2020
Short-Term Borrowings
Short-Term Borrowings	8. Short-Term Borrowings At June 30, 2020 and December 31, 2019, short-term borrowings were comprised of the following: (dollars in thousands) June 30, 2020 December 31, 2019 Short-term FHLB fixed-rate advances (1) $ 200,000 $ 400,000 Total short-term borrowings $ 200,000 $ 400,000 (1) Interest is payable monthly. As of June 30, 2020 and December 31, 2019, the Company’s short-term borrowings included $200.0 million and $400.0 million, respectively, in short-term FHLB fixed-rate advances with a weighted average interest rate of 2.88% and 2.84%, respectively. The short-term FHLB fixed-rate advances require monthly interest-only payments with the principal amount due on the maturity date. The remaining short-term FHLB fixed-rate advance (as of June 30, 2020) matured in July 2020. As of June 30, 2020 and December 31, 2019, the available remaining borrowing capacity with the FHLB was $1.9 billion and $1.7 billion, respectively. The FHLB fixed-rate advances and remaining borrowing capacity were secured by residential real estate loan collateral as of June 30, 2020 and December 31, 2019. As of June 30, 2020 and December 31, 2019, the Company had an undrawn line of credit of $982.0 million and $596.8 million from the FRB, respectively. The borrowing capacity with the FRB was secured by consumer, commercial and industrial and commercial real estate loans as of June 30, 2020 and December 31, 2019. See “Note 6. Transfers of Financial Assets” for more information.

Long-Term Borrowings

Long-Term Borrowings	6 Months Ended
Long-Term Borrowings	Jun. 30, 2020
Long-Term Borrowings
Long-Term Borrowings	9. Long-Term Borrowings Long-term borrowings consisted of the following as of June 30, 2020 and December 31, 2019: (dollars in thousands) June 30, 2020 December 31, 2019 Finance lease $ 19 $ 19 FHLB fixed-rate advances (1) 200,000 200,000 Total long-term borrowings $ 200,019 $ 200,019 (1) Interest is payable monthly. As of June 30, 2020 and December 31, 2019, the Company’s long-term borrowings included $200.0 million 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 June 30, 2020 and December 31, 2019, the Company’s long-term borrowings included a finance lease obligation with a 6.78% annual interest rate that matures in 2022. As of June 30, 2020, future contractual principal payments and maturities of long-term borrowings were as follows: Principal (dollars in thousands) Payments 2020 $ 9 2021 10 2022 — 2023 (1) 100,000 2024 (2) 100,000 Total $ 200,019 (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 Income (Loss)	6 Months Ended
Accumulated Other Comprehensive Income (Loss)	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss).
Accumulated Other Comprehensive Income (Loss)	10. Accumulated Other Comprehensive Income (Loss) Accumulated other comprehensive income (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 and net unrealized gains or losses on investment securities. Changes in accumulated other comprehensive income (loss) for the three and six months ended June 30, 2020 and 2019 are presented below: Income Tax Pre-tax Benefit Net of (dollars in Amount (Expense) Tax Accumulated other comprehensive income at March 31, 2020 $ 5,629 $ (1,500) $ 4,129 Three months ended June 30, 2020 Investment securities: Unrealized net gains arising during the period 66,071 (17,624) 48,447 Reclassification of net losses to net income: Investment securities losses, net 211 (56) 155 Net change in investment securities 66,282 (17,680) 48,602 Other comprehensive income 66,282 (17,680) 48,602 Accumulated other comprehensive income at June 30, 2020 $ 71,911 $ (19,180) $ 52,731 Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at December 31, 2019 $ (43,450) $ 11,701 $ (31,749) Six months ended June 30, 2020 Change in Company tax rate — (96) (96) Net change in pension and other benefits — (96) (96) Investment securities: Unrealized net gains arising during the period 115,235 (30,751) 84,484 Reclassification of net losses to net income: Investment securities losses, net 126 (34) 92 Net change in investment securities 115,361 (30,785) 84,576 Other comprehensive income 115,361 (30,881) 84,480 Accumulated other comprehensive income at June 30, 2020 $ 71,911 $ (19,180) $ 52,731 Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at March 31, 2019 $ (107,779) $ 29,025 $ (78,754) Three months ended June 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 64,841 (17,462) 47,379 Reclassification of net gains to net income: Investment securities gains, net (21) 6 (15) Net change in investment securities 64,820 (17,456) 47,364 Other comprehensive income 64,007 (17,237) 46,770 Accumulated other comprehensive loss at June 30, 2019 $ (43,772) $ 11,788 $ (31,984) 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) Six months ended June 30, 2019 Pension and other benefits: Net actuarial losses arising during the year (813) 219 (594) Net change in pension and other benefits (813) 219 (594) Investment securities: Unrealized net gains arising during the period 135,364 (36,453) 98,911 Reclassification of net losses to net income: Investment securities losses, net 2,592 (698) 1,894 Net change in investment securities 137,956 (37,151) 100,805 Other comprehensive income 137,143 (36,932) 100,211 Accumulated other comprehensive loss at June 30, 2019 $ (43,772) $ 11,788 $ (31,984) The following table summarizes changes in accumulated other comprehensive income (loss), net of tax, for the periods indicated: Pensions Accumulated and Other Other Investment Comprehensive (dollars in thousands) Benefits Securities Income (Loss) Three Months Ended June 30, 2020 Balance at beginning of period $ (28,178) $ 32,307 $ 4,129 Other comprehensive income — 48,602 48,602 Balance at end of period $ (28,178) $ 80,909 $ 52,731 Six Months Ended June 30, 2020 Balance at beginning of period $ (28,082) $ (3,667) $ (31,749) Other comprehensive income (96) 84,576 84,480 Balance at end of period $ (28,178) $ 80,909 $ 52,731 Three Months Ended June 30, 2019 Balance at beginning of period $ (28,379) $ (50,375) $ (78,754) Other comprehensive income (594) 47,364 46,770 Balance at end of period $ (28,973) $ (3,011) $ (31,984) Six Months Ended June 30, 2019 Balance at beginning of period $ (28,379) $ (103,816) $ (132,195) Other comprehensive income (594) 100,805 100,211 Balance at end of period $ (28,973) $ (3,011) $ (31,984)

Regulatory Capital Requirements

Regulatory Capital Requirements	6 Months Ended
Regulatory Capital Requirements	Jun. 30, 2020
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 June 30, 2020 and December 31, 2019: First Hawaiian Minimum Well- First Hawaiian, Inc. Bank Capital Capitalized (dollars in thousands) Amount Ratio Amount Ratio Ratio (1) Ratio (1) June 30, 2020: Common equity tier 1 capital to risk-weighted assets $ 1,653,674 11.86 % $ 1,634,333 11.72 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,653,674 11.86 % 1,634,333 11.72 % 6.00 % 8.00 % Total capital to risk-weighted assets 1,828,511 13.11 % 1,809,165 12.97 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,653,674 7.75 % 1,634,333 7.66 % 4.00 % 5.00 % December 31, 2019: Common equity tier 1 capital to risk-weighted assets $ 1,676,515 11.88 % $ 1,654,304 11.72 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,676,515 11.88 % 1,654,304 11.72 % 6.00 % 8.00 % Total capital to risk-weighted assets 1,807,645 12.81 % 1,785,434 12.65 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,676,515 8.79 % 1,654,304 8.67 % 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 requires a 2.5% capital conservation buffer designed to absorb losses during periods of economic stress. The capital conservation buffer is composed entirely of CET1, on top of these minimum risk weighted asset ratios, effectively resulting in minimum ratios of (i) 7% CET1 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 June 30, 2020, under the bank regulatory capital guidelines, the Company and Bank were both classified as well-capitalized. Management is not aware of any conditions or events that have occurred since June 30, 2020, to change the capital adequacy category of the Company or the Bank.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
Derivative Financial Instruments	Jun. 30, 2020
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 June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 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 $ 22,825 $ — $ (1,581) $ 23,190 $ — $ (682) Derivatives not designated as hedging instruments: Interest rate swaps 3,023,471 170,576 — 2,818,803 63,527 — Funding swap 88,480 — (2,095) 82,900 — (4,233) Interest rate caps and floors 148,800 35 (35) — — — Foreign exchange contracts 150 — — 1,428 12 — (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 $12.6 million and $8.7 million as of June 30, 2020 and December 31, 2019, respectively. As of June 30, 2020 and December 31, 2019, the variation margin was $170.6 million and $63.5 million, respectively. As of June 30, 2020, the Company pledged $30.9 million in financial instruments and $26.1 million in cash as collateral for interest rate swaps. As of December 31, 2019, the Company pledged $29.9 million in financial instruments and $13.4 million in cash as collateral for interest rate swaps. As of June 30, 2020 and December 31, 2019, 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 June 30, 2020, the Company carried one interest rate swap with a notional amount of $22.8 million with a negative fair value of $1.6 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, 2019, the Company carried one interest rate swap with a notional amount of $23.2 million with a negative fair value of $0.7 million that was categorized as a fair value hedge for a commercial and industrial loan. The following table shows the gains and losses recognized in income related to derivatives in fair value hedging relationships for the three and six months ended June 30, 2020 and 2019: Gains (losses) recognized in Three Months Ended Six Months Ended the consolidated statements June 30, June 30, (dollars in of income line item 2020 2019 2020 2019 Gains (losses) on fair value hedging relationships recognized in interest income: Recognized on interest rate swap Loans and lease financing $ 57 $ (424) $ (898) $ (766) Recognized on hedged item Loans and lease financing 35 427 942 689 As of June 30, 2020 and December 31, 2019, 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 June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Line item in the consolidated balance sheets in which the hedged item is included Loans and leases $ 25,064 $ 24,415 $ 1,959 $ 1,017 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 six months ended June 30, 2020 and 2019: Net gains (losses) recognized Three Months Ended Six Months Ended in the consolidated statements June 30, June 30, (dollars in of income line item 2020 2019 2020 2019 Derivatives Not Designated As Hedging Instruments: Interest rate swaps Other noninterest income $ — $ — $ — $ 16 Funding swap Other noninterest income 103 (247) 109 (242) Foreign exchange contracts Other noninterest income 52 (1) — (1) As of June 30, 2020, the Company carried multiple interest rate swaps with notional amounts totaling $3.0 billion, all of which were related to the Company’s customer swap program, with a positive fair value of $170.6 million and a negative fair value of nil. The Company received floating rates ranging from 0.17% to 6.42% and paid fixed rates ranging from 2.02% to 8.73%. The swaps mature between June 2021 and June 2040. As of December 31, 2019, the Company carried multiple interest rate swaps with notional amounts totaling $2.8 billion, all of which were related to the Company’s customer swap program, with a positive fair value of $63.5 million and a negative fair value of nil. The Company received 1-month LIBOR and paid fixed rates ranging from 1.71% to 8.73%. These swaps resulted in net interest expense of nil during both the three and six months ended June 30, 2020 and 2019. 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 $4.6 million and $1.1 million for the three months ended June 30, 2020 and 2019, respectively, and $6.5 million and $2.0 million for the six months ended June 30, 2020 and 2019, 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. In October 2019, the Company made a payment of approximately $0.3 million 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 $2.1 million and $4.2 million was included in the unaudited interim consolidated balance sheets at June 30, 2020 and December 31, 2019, respectively, to provide for the fair value of this liability. There were no sales of these shares prior to 2016. See “Note 17. 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 $0.3 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 and nil were recognized during the three months ended June 30, 2020 and 2019, respectively, and $0.3 million and $0.1 million were recognized during the six months ended June 30, 2020 and 2019, respectively. 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 $13.4 million and $4.0 million at June 30, 2020 and December 31, 2019, respectively, for which we posted $13.5 million and $4.7 million, respectively, in collateral in the normal course of business. If the Company’s credit rating had been downgraded as of June 30, 2020 and December 31, 2019, 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	6 Months Ended
Commitments and Contingent Liabilities	Jun. 30, 2020
Commitments and Contingent Liabilities
Commitments and Contingent Liabilities	13. Commitments and Contingent Liabilities Contingencies Various legal proceedings are pending or threatened against the Company. After consultation with legal counsel, management does not expect that the aggregate liability, if any, resulting from these proceedings would have a material effect on the Company’s 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 June 30, 2020 and December 31, 2019 were as follows: June 30, December 31, (dollars in 2020 2019 Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 6,097,646 $ 5,907,690 Standby letters of credit 175,009 181,412 Commercial letters of credit 3,131 7,334 Guarantees The Company sells residential mortgage loans in the secondary market primarily to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation 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 were undertaken to facilitate FHI’s initial public offering. In connection with the reorganization transactions, FHI distributed its interest in BancWest Holding Inc. (“BWHI”), including Bank of the West (“BOW”) to BNP Paribas (“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 BancWest Corporation, 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	6 Months Ended
Revenue from Contracts with Customers	Jun. 30, 2020
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 In 2019, the Company made changes to the internal measurement of segment operating profits for the purpose of evaluating segment performance and resource allocation. The Company has restated the selected financial information for the three and six months ended June 30, 2019 in order to conform with the current presentation. See “Note 18. Reportable Operating Segments” in the notes to the unaudited interim consolidated financial statements. 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 June 30, 2020 Treasury Retail Commercial and (dollars in Banking Banking Other Total Net interest income (1) $ 96,146 $ 33,094 $ (1,418) $ 127,822 Service charges on deposit accounts 5,469 326 132 5,927 Credit and debit card fees — 10,122 275 10,397 Other service charges and fees 4,580 215 338 5,133 Trust and investment services income 8,664 — — 8,664 Other 56 1,499 112 1,667 Not in scope of Topic 606 (1) 3,403 5,893 4,572 13,868 Total noninterest income 22,172 18,055 5,429 45,656 Total revenue $ 118,318 $ 51,149 $ 4,011 $ 173,478 Six Months Ended June 30, 2020 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 186,029 $ 67,508 $ 12,968 $ 266,505 Service charges on deposit accounts 13,556 677 644 14,877 Credit and debit card fees — 23,009 1,874 24,883 Other service charges and fees 9,454 639 854 10,947 Trust and investment services income 18,255 — — 18,255 Other 241 2,605 300 3,146 Not in scope of Topic 606 (1) 7,042 8,921 6,813 22,776 Total noninterest income 48,548 35,851 10,485 94,884 Total revenue $ 234,577 $ 103,359 $ 23,453 $ 361,389 (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 June 30, 2019 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 107,708 $ 35,000 $ 2,905 $ 145,613 Service charges on deposit accounts 7,131 309 683 8,123 Credit and debit card fees — 14,481 1,687 16,168 Other service charges and fees 4,944 868 578 6,390 Trust and investment services income 8,931 — — 8,931 Other 142 761 327 1,230 Not in scope of Topic 606 (1) 2,227 2,306 3,398 7,931 Total noninterest income 23,375 18,725 6,673 48,773 Total revenue $ 131,083 $ 53,725 $ 9,578 $ 194,386 Six Months Ended June 30, 2019 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 214,935 $ 69,656 $ 6,111 $ 290,702 Service charges on deposit accounts 14,365 620 1,198 16,183 Credit and debit card fees — 28,941 3,417 32,358 Other service charges and fees 10,277 1,237 1,120 12,634 Trust and investment services income 17,549 — — 17,549 Other 357 2,270 535 3,162 Not in scope of Topic 606 (1) 4,696 4,045 5,218 13,959 Total noninterest income 47,244 37,113 11,488 95,845 Total revenue $ 262,179 $ 106,769 $ 17,599 $ 386,547 (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 six months ended June 30, 2020 and 2019, 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 an 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 June 30, 2020 and December 31, 2019, the Company had contract liabilities of $1.4 million and $1.8 million, respectively, which will be recognized over the remaining term of the respective contracts with the vendors. For the three and six months ended June 30, 2020, the Company’s recognized revenues and contract liabilities decreased by approximately $0.2 million and $0.4 million, respectively, due to the passage of time. For the three and six months ended June 30, 2019, the Company’s recognized revenues and contract liabilities decreased by approximately $0.2 million and $0.4 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 June 30, 2020 and December 31, 2019, 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 June 30, 2020 and December 31, 2019. 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	6 Months Ended
Earnings per Share	Jun. 30, 2020
Earnings per Share
Earnings per Share	15. Earnings per Share For the three and six months ended June 30, 2020, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 537,000 and 513,000 antidilutive securities, respectively. For the three and six months ended June 30, 2019, the Company made no adjustments to net income for the purpose of computing earnings per share and there were no antidilutive securities. For the three and six months ended June 30, 2020 and 2019, the computations of basic and diluted earnings per share were as follows: Three Months Ended June 30, Six Months Ended June 30, (dollars in 2020 2019 2020 2019 Numerator: Net income $ 20,049 $ 72,433 $ 58,914 $ 142,357 Denominator: Basic: weighted-average shares outstanding 129,856,730 134,420,380 129,876,218 134,655,217 Add: weighted-average equity-based awards 148,465 231,628 287,504 269,114 Diluted: weighted-average shares outstanding 130,005,195 134,652,008 130,163,722 134,924,331 Basic earnings per share $ 0.15 $ 0.54 $ 0.45 $ 1.06 Diluted earnings per share $ 0.15 $ 0.54 $ 0.45 $ 1.06

Noninterest Income and Noninter

Noninterest Income and Noninterest Expense	6 Months Ended
Noninterest Income and Noninterest Expense	Jun. 30, 2020
Noninterest Income and Noninterest Expense
Noninterest Income and Noninterest Expense	16. Noninterest Income and Noninterest Expense 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 six months ended June 30, 2020 and 2019: Income line item where recognized in Pension Benefits Other Benefits (dollars in the consolidated statements of income 2020 2019 2020 2019 Three Months Ended June 30, Service cost Salaries and employee benefits $ — $ 17 $ 189 $ 159 Interest cost Other noninterest expense 1,621 2,044 164 206 Expected return on plan assets Other noninterest expense (1,194) (1,195) — — Prior service credit Other noninterest expense — — (13) (107) Recognized net actuarial loss (gain) Other noninterest expense 1,429 1,564 (26) (76) Total net periodic benefit cost $ 1,856 $ 2,430 $ 314 $ 182 Six Months Ended June 30, Service cost Salaries and employee benefits $ — $ 34 $ 378 $ 318 Interest cost Other noninterest expense 3,242 4,088 328 412 Expected return on plan assets Other noninterest expense (2,388) (2,390) — — Prior service credit Other noninterest expense — — (26) (214) Recognized net actuarial loss (gain) Other noninterest expense 2,858 3,128 (52) (152) Total net periodic benefit cost $ 3,712 $ 4,860 $ 628 $ 364 Leases The Company recognized operating lease income related to lease payments of $1.6 million and $1.5 million for the three months ended June 30, 2020 and 2019, respectively, and $3.1 million and $3.0 million for the six months ended June 30, 2020 and 2019, respectively. In addition, the Company recognized $1.4 million and $1.3 million of lease income related to variable lease payments for the three months ended June 30, 2020 and 2019, respectively, and $2.9 million and $2.6 million for the six months ended June 30, 2020 and 2019, respectively. Amortization of Software Expenses Amortization of software expenses recorded in other noninterest expense was $1.4 million and $1.0 million for the three months ended June 30, 2020 and 2019, respectively, and $2.6 million and $2.2 million for the six months ended June 30, 2020 and 2019, respectively.

Fair Value

Fair Value	6 Months Ended
Fair Value	Jun. 30, 2020
Fair Value
Fair Value	17. 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 June 30, 2020 and December 31, 2019, 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 $2.1 million and $4.2 million was included in the unaudited interim consolidated balance sheets at June 30, 2020 and December 31, 2019, 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 June 30, 2020 and December 31, 2019 are summarized below: Fair Value Measurements as of June 30, 2020 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 and government agency debt securities $ — $ 94,918 $ — $ 94,918 Mortgage-backed securities: Residential - Government agency (1) — 232,617 — 232,617 Residential - Government-sponsored enterprises (1) — 390,912 — 390,912 Commercial - Government agency — 629,679 — 629,679 Commercial - Government-sponsored enterprises — 322,996 — 322,996 Collateralized mortgage obligations: Government agency — 1,926,584 — 1,926,584 Government-sponsored enterprises — 1,538,069 — 1,538,069 Total available-for-sale securities — 5,135,775 — 5,135,775 Other assets (2) — 170,611 — 170,611 Liabilities Other liabilities (3) — (1,616) (2,095) (3,711) Total $ — $ 5,304,770 $ (2,095) $ 5,302,675 (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, 2019 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 $ — $ 29,888 $ — $ 29,888 Government-sponsored enterprises debt securities — 101,439 — 101,439 Mortgage-backed securities: Residential - Government agency (1) — 291,209 — 291,209 Residential - Government-sponsored enterprises (1) — 399,492 — 399,492 Commercial - Government-sponsored enterprises — 101,719 — 101,719 Collateralized mortgage obligations: Government agency — 2,381,278 — 2,381,278 Government-sponsored enterprises — 770,619 — 770,619 Total available-for-sale securities — 4,075,644 — 4,075,644 Other assets (2) — 63,539 — 63,539 Liabilities Other liabilities (3) — (682) (4,233) (4,915) Total $ — $ 4,138,501 $ (4,233) $ 4,134,268 (1) Backed by residential real estate. (2) Other assets include derivative assets. (3) Other liabilities include derivative liabilities. Changes in Fair Value Levels For the three and six months ended June 30, 2020, there were no transfers between fair value hierarchy levels. The changes in Level 3 liabilities measured at fair value on a recurring basis for the three and six months ended June 30, 2020 and 2019 are summarized below. Visa Derivative (dollars in 2020 2019 Three Months Ended June 30, Balance as of April 1, $ (3,199) $ (1,839) Total net gains (losses) included in other noninterest income 103 (247) Settlements 1,001 907 Balance as of June 30, $ (2,095) $ (1,179) Total net gains (losses) included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30, $ 103 $ (247) Six Months Ended June 30, Balance as of January 1, $ (4,233) $ (2,607) Total net gains (losses) included in other noninterest income 109 (242) Settlements 2,029 1,670 Balance as of June 30, $ (2,095) $ (1,179) Total net gains (losses) included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30, $ 109 $ (242) 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. June 30, 2020 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 $ 1,855,222 $ 347,592 $ 1,507,630 $ — $ 1,855,222 Loans held for sale 6,698 — 6,698 — 6,698 Loans (1) 13,525,743 — — 13,832,005 13,832,005 Financial liabilities: Time deposits (2) $ 3,506,665 $ — $ 3,520,718 $ — $ 3,520,718 Short-term borrowings 200,000 — 200,286 — 200,286 Long-term borrowings (3) 200,000 — 216,394 — 216,394 December 31, 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 $ 694,017 $ 360,375 $ 333,642 $ — $ 694,017 Loans held for sale 904 — 904 — 904 Loans (1) 13,009,167 — — 13,140,898 13,140,898 Financial liabilities: Time deposits (2) $ 2,510,157 $ — $ 2,501,478 $ — $ 2,501,478 Short-term borrowings 400,000 — 401,709 — 401,709 Long-term borrowings (3) 200,000 — 207,104 — 207,104 (1) Excludes financing leases of $238.3 million at June 30, 2020 and $202.5 million at December 31, 2019. (2) Excludes deposit liabilities with no defined or contractual maturity of $15.9 billion as of June 30, 2020 and $13.9 billion as of December 31, 2019. (3) Excludes capital lease obligations of $19 thousand as of both June 30, 2020 and December 31, 2019. Unfunded loan and lease commitments and letters of credit are not included in the tables above. As of June 30, 2020 and December 31, 2019, the Company had $6.3 billion and $6.1 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 $36.3 million and $14.4 million at June 30, 2020 and December 31, 2019, 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. Collateral-dependent loans Collateral-dependent loans are those for which repayment is expected to be provided substantially through the operation or sale of the collateral. Other real estate owned The Company values these properties at fair value at the time the Company acquires them, which establishes their new cost basis. After acquisition, the Company carries such properties at the lower of cost or fair value less estimated selling costs on a nonrecurring basis. Fair value is measured on a nonrecurring basis using collateral values as a practical expedient. The fair values of collateral for other real estate owned are primarily based on real estate appraisal reports prepared by third-party appraisers less disposition costs, and are classified as Level 3. Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis The Company may be required to record certain assets at fair value on a nonrecurring basis in accordance with GAAP. These assets are subject to fair value adjustments that result from the application of lower of cost or fair value accounting or write-downs of individual assets to fair value. The following table provides the level of valuation inputs used to determine each fair value adjustment and the fair value of the related individual assets or portfolio of assets with fair value adjustments on a nonrecurring basis as of June 30, 2020 and December 31, 2019: (dollars Level 1 Level 2 Level 3 June 30, 2020 Collateral-dependent loans $ — $ — $ 1,840 December 31, 2019 Collateral-dependent loans $ — $ — $ 1,502 Total losses on collateral-dependent loans were nil and $0.4 million for the three and six months ended June 30, 2020, respectively. No losses were recognized on collateral-dependent loans for both the three and six months ended June 30, 2019. For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of June 30, 2020 and December 31, 2019, the significant unobservable inputs used in the fair value measurements were as follows: Quantitative Information about Level 3 Fair Value Measurements at June 30, 2020 Significant (dollars in thousands) Fair value Valuation Technique Unobservable Input Range Collateral-dependent loans $ 1,840 Appraisal Value Appraisal Value n/m (1) Visa derivative $ (2,095) Discounted Cash Flow Expected Conversation Rate - 1.6228 (2) 1.5977 -1.6228 Expected Term - 1 year (3) 0.5 to 1.5 years Growth Rate - 13% (4) 4% - 17% (1) The fair value of these assets is determined based on appraised values of the collateral or broker opinions, the range of which is not meaningful to disclose. (2) Due to the uncertainty in the movement of the conversion rate, the current conversion rate was utilized in the fair value calculation. (3) The expected term of 1 year was based on the median of 0.5 to 1.5 years. (4) The growth rate of 13% was based on the arithmetic average of analyst price targets. Quantitative Information about Level 3 Fair Value Measurements at December 31, 2019 Significant (dollars in thousands) Fair value Valuation Technique Unobservable Input Collateral-dependent loans $ 1,502 Appraisal Value Appraisal Value Visa derivative $ (4,233) Discounted Cash Flow Expected Conversion Rate - 1.6228 Expected Term - 1 year Growth Rate - 13%

Reportable Operating Segments

Reportable Operating Segments	6 Months Ended
Reportable Operating Segments	Jun. 30, 2020
Reportable Operating Segments
Reportable Operating Segments	18. 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 credit losses, and capital. This process is dynamic and requires certain allocations based on judgment and other subjective factors. Unlike financial accounting, there is no comprehensive authoritative guidance for management accounting that is equivalent to GAAP. The net interest income of the business segments reflects the results of a funds transfer pricing process that matches assets and liabilities with similar interest rate sensitivity and maturity characteristics and reflects the allocation of net interest income related to the Company’s overall asset and liability management activities on a proportionate basis. The basis for the allocation of net interest income is a function of the Company’s assumptions that are subject to change based on changes in current interest rates and market conditions. Funds transfer pricing also serves to transfer interest rate risk to Treasury. The Company allocates the provision for credit losses from the Treasury and Other business segment (which is comprised of many of the Company’s support units) to the Retail and Commercial business segments. These allocations are based on direct costs incurred by the Retail and Commercial business segments. 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. In 2019, the Company made changes to the internal measurement of segment operating profits for the purpose of evaluating segment performance and resource allocation. The primary reason for the change was to align deposit balances within the business segment that directly manages them. Specifically, certain deposit balances previously included as part of the Retail Banking segment have been reclassified to the Commercial Banking segment. The reallocation of select deposit balances affected net interest income, net interest income after provision for credit losses, noninterest income, provision for income taxes and net income. The Company has reported its selected financial information using the new deposit balance alignments for the three and six months ended June 30, 2020. The Company has restated the selected financial information for the three and six months ended June 30, 2019 in order to conform with the current presentation. Additionally, during the fourth quarter of 2019, the Company changed its assumptions embedded in allocating deposit costs to business segments. The Company has reported its selected financial information using the new deposit cost assumptions starting with the fourth quarter of 2019. 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 June 30, 2020 Net interest income (expense) $ 96,146 $ 33,094 $ (1,418) $ 127,822 Provision for credit losses (24,311) (25,183) (5,952) (55,446) Net interest income (expense) after provision for credit losses 71,835 7,911 (7,370) 72,376 Noninterest income 22,172 18,055 5,429 45,656 Noninterest expense (57,639) (20,445) (13,366) (91,450) Income (loss) before (provision) benefit for income taxes 36,368 5,521 (15,307) 26,582 (Provision) benefit for income taxes (9,331) (1,179) 3,977 (6,533) Net income (loss) $ 27,037 $ 4,342 $ (11,330) $ 20,049 Total assets as of June 30, 2020 $ 7,888,155 $ 6,006,128 $ 9,099,432 $ 22,993,715 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Six Months Ended June 30, 2020 Net interest income $ 186,029 $ 67,508 $ 12,968 $ 266,505 Provision for credit losses (44,376) (45,967) (6,303) (96,646) Net interest income after provision for credit losses 141,653 21,541 6,665 169,859 Noninterest income 48,548 35,851 10,485 94,884 Noninterest expense (119,283) (41,950) (26,683) (187,916) Income (loss) before (provision) benefit for income taxes 70,918 15,442 (9,533) 76,827 (Provision) benefit for income taxes (16,854) (3,824) 2,765 (17,913) Net income (loss) $ 54,064 $ 11,618 $ (6,768) $ 58,914 Total assets as of June 30, 2020 $ 7,888,155 $ 6,006,128 $ 9,099,432 $ 22,993,715 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Three Months Ended June 30, 2019 Net interest income $ 107,708 $ 35,000 $ 2,905 $ 145,613 Provision for credit losses (1,752) (2,118) — (3,870) Net interest income after provision for credit losses 105,956 32,882 2,905 141,743 Noninterest income 23,375 18,725 6,673 48,773 Noninterest expense (59,495) (19,741) (14,054) (93,290) Income (loss) before (provision) benefit for income taxes 69,836 31,866 (4,476) 97,226 (Provision) benefit for income taxes (17,658) (8,267) 1,132 (24,793) Net income (loss) $ 52,178 $ 23,599 $ (3,344) $ 72,433 Total assets as of June 30, 2019 $ 7,056,325 $ 6,525,345 $ 6,944,697 $ 20,526,367 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Six Months Ended June 30, 2019 Net interest income $ 214,935 $ 69,656 $ 6,111 $ 290,702 Provision for credit losses (4,324) (5,226) — (9,550) Net interest income after provision for credit losses 210,611 64,430 6,111 281,152 Noninterest income 47,244 37,113 11,488 95,845 Noninterest expense (116,662) (39,226) (30,025) (185,913) Income (loss) before (provision) benefit for income taxes 141,193 62,317 (12,426) 191,084 (Provision) benefit for income taxes (35,705) (16,188) 3,166 (48,727) Net income (loss) $ 105,488 $ 46,129 $ (9,260) $ 142,357 Total assets as of June 30, 2019 $ 7,056,325 $ 6,525,345 $ 6,944,697 $ 20,526,367

Organization and Basis of Pre_2

Organization and Basis of Presentation (Policies)	6 Months Ended
Organization and Basis of Presentation (Policies)	Jun. 30, 2020
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, including loans, deposit products, wealth management, insurance, trust, retirement planning, credit card and merchant processing services, to consumer and commercial customers. 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, 2019. In the opinion of management, all adjustments, which consist of normal recurring adjustments necessary for a fair presentation of the interim period consolidated financial information, have been made. Results of operations for interim periods are not necessarily indicative of results to be expected for the entire year. Intercompany account balances and transactions have been eliminated in consolidation.
Use of Estimates in the Preparation of Financial Statements	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.
Investment Securities	Investment Securities As of June 30, 2020 and December 31, 2019, investment securities were comprised of debt, mortgage-backed securities and collateralized mortgage obligations issued by the U.S. Government, its agencies and government-sponsored enterprises. The Company amortizes premiums and accretes discounts using the interest method over the expected lives of the individual securities. Premiums on callable debt securities are amortized to their earliest call date. All investment securities transactions are recorded on a trade-date basis. All of the Company’s investment securities were categorized as available-for-sale as of June 30, 2020 and December 31, 2019. Available-for-sale investment securities are reported at fair value, with unrealized gains and losses reported in accumulated other comprehensive income. Gains and losses realized on sales of investment securities are determined using the specific identification method. For available-for-sale debt securities in an unrealized loss position, the Company first assesses whether it intends to sell, or it is more likely than not that it will be required to sell the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the security’s amortized cost basis is written down to fair value through income. For available-for-sale debt securities that do not meet the aforementioned criteria, the Company evaluates at the individual security level whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, management considers the extent to which fair value is less than amortized cost and adverse conditions specifically related to the security, among other factors. If this assessment indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, limited by the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. Changes in the allowance for credit losses, if any, are recorded as a provision for (or reversal of) credit losses. Losses are charged against the allowance when management believes the uncollectibility of an available-for-sale investment security is confirmed or when either of the criteria regarding intent or requirement to sell is met. As noted above, as of June 30, 2020, the Company’s available-for-sale investment securities were comprised entirely of debt, mortgage-backed securities and collateralized mortgage obligations issued by the U.S. Government, its agencies and government-sponsored enterprises. Management has concluded that the long history with no credit losses from these issuers indicates an expectation that nonpayment of the amortized cost basis is zero. The Company’s available-for-sale investment securities are explicitly or implicitly fully guaranteed by the U.S. government. The U.S. government can print its own currency and its currency is routinely held by central banks and other major financial institutions. The dollar is used in international commerce, and commonly is viewed as a reserve currency, all of which qualitatively indicates that historical credit loss information should be minimally affected by current conditions and reasonable and supportable forecasts. Thus, the Company has not Accrued interest receivable related to available-for-sale investment securities was $9.7 million as of June 30, 2020 and is recorded separately from the amortized cost basis of investment securities on the Company’s interim consolidated balance sheet.
Loans and Leases	Loans and Leases Loans are reported at amortized cost which includes the principal amount outstanding, net of deferred loan fees and costs and cumulative net charge-offs. Interest income is recognized on an accrual basis. Loan origination fees, certain direct costs and unearned discounts and premiums, if any, are deferred and are generally accreted or amortized into interest income as yield adjustments using the interest method over the contractual life of the loan. Other credit-related fees are recognized as fee income, a component of noninterest income, when earned. Direct financing leases are carried at the aggregate of lease payments receivable plus the estimated residual value of leased property, less unearned income. Unearned income on direct financing leases is amortized over the lease term by methods that approximate the interest method. Residual values on leased assets are periodically reviewed for impairment. Accrued interest receivable related to loans and leases was $48.7 million as of June 30, 2020 and is recorded separately from the amortized cost basis of loans and leases on the Company’s interim consolidated balance sheet.
Nonaccrual Loans and Leases	Nonaccrual Loans and Leases The Company generally places a loan or lease 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. A full or partial charge-off is recorded in the period in which the loan or lease is deemed uncollectible. When the Company places a loan or lease on nonaccrual status, previously accrued and uncollected interest is concurrently reversed against interest income. When the Company receives an interest payment on a nonaccrual loan or lease, the payment is applied as a reduction of the principal balance. Nonaccrual loans and leases are generally returned to accrual status when they become current as to principal and interest and future payments are reasonably assured.
Allowance for Credit Losses	Allowance for Credit Losses The allowance for credit losses for loans and leases (the “ACL”) is a valuation account that is deducted from the amortized cost basis of loans and leases to present the net amount expected to be collected from loans and leases. Loans and leases are charged-off against the ACL when management believes the uncollectibility of a loan or lease balance is confirmed. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The Company’s ACL and the reserve for unfunded commitments under the Current Expected Credit Losses (“CECL”) approach utilizes both quantitative and qualitative components. The Company’s methodology utilizes a quantitative model based on a single forward-looking macroeconomic forecast. The quantitative estimation is overlaid with qualitative adjustments to account for current conditions and forward-looking events not captured in the quantitative model. Qualitative adjustments that are considered include adjustments for regulatory determinants, model limitations, model maturity, and other current or forecasted events that are not captured in the Company’s historical loss experience. The Company generally evaluates loans and leases on a collective or pool basis when similar risk characteristics exist. However, loans and leases that do not share similar risk characteristics are evaluated on an individual basis. Such loans and leases evaluated individually are excluded from the collective evaluation. Individually assessed loans are measured for estimated credit loss (“ECL”) based on the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral, less estimated selling costs, if the loan is collateral-dependent. Management reviews relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts about the future. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency levels, or term as well as for changes in environmental conditions, such as changes in unemployment rates, property values, or other relevant factors. The Company utilizes a Probability of Default (“PD”)/Loss Given Default (“LGD”) framework to estimate the ACL and the reserve for unfunded commitments. The PD represents the percentage expectation to default, measured by assessing loans and leases that migrate to default status (i.e., nonaccrual status, troubled debt restructurings (“TDRs”), 90 days or more past due, partial or full charge-offs or bankruptcy). LGD is defined as the percentage of the exposure at default (“EAD”) lost at the time of default, net of any recoveries, and will be unique to each of the collateral types securing the Company’s loans. PD and LGD’s are based on past experience of the Company and management’s expectations of the future. The ECL on loans and leases is calculated by taking the product of the credit exposure, lifetime default probability (“LDP”) and the LGD. The ECL model is applied to current credit exposures at the account level, using assumptions calibrated at the portfolio segment level using internal historical loan and lease level data. The Company estimates the default risk of a credit exposure over the remaining life of each account using a transition probability matrix approach which captures both the average rate of up/down-grade and default transitions, as well as withdrawal rates which capture the historical rate of exposure decline due to loan and lease amortization and prepayment. To apply the transition matrices, each credit exposure’s remaining life is split into two time segments. The first time segment is for the reasonable and supportable forecast period over which the transition matrices which are applied have been adjusted to incorporate current and forecasted conditions over that period. Management has determined that using a one year time horizon for the reasonable and supportable forecast period for all classes of loans and leases is a reasonable forecast horizon given the difficulty in predicting future economic conditions with a high degree of certainty. The second time segment is the reversion period from the end of the reasonable and supportable forecast period to the maturity of the exposure, over which long-run average transition matrices are applied. Management elected to use an immediate reversion to the mean approach. Lifetime loss rates are applied against the amortized cost basis of loans and leases and unfunded commitments to estimate the ACL and the reserve for unfunded commitments. On a quarterly basis, management convenes the Bank’s forecasting team which is responsible for qualitatively forecasting the economic outlook over the reasonable and supportable forecast period within the context of forecasting credit losses. Management reviews local and national economic forecasts and other pertinent materials to inform the team in establishing their best estimate of the economic outlook over the reasonable and supportable forecast period. The team considers unemployment rates, gross domestic product, personal income per capita, visitor arrivals and expenditures and home prices along with other relevant information. The results from the Bank’s forecasting team dictates the direction of the economic forecast compared to current economic conditions (i.e., better or worse) and the magnitude of the forecast adjustment (e.g., mild, medium or severe). The direction of the economic forecast and magnitude are used to qualitatively adjust the modifier that is applied to the long-run default rates over the reasonable and supportable forecast period. The Company has identified three portfolio segments in estimating the ACL: commercial, residential real estate and consumer lending. The Company’s commercial portfolio segment is comprised of four distinct classes: commercial and industrial loans, commercial real estate loans, construction loans and lease financing. The key risk drivers related to this portfolio segment include risk rating, collateral type, and remaining maturity. The Company’s residential real estate portfolio segment is comprised of two distinct classes: residential real estate loans and home equity lines of credit. Specific risk characteristics related to this portfolio include the value of the underlying collateral, credit score and remaining maturity. Finally, the Company’s consumer portfolio segment is not further segmented, but consists primarily of automobile loans, credit cards and other installment loans. Automobile loans constitute the majority of this segment and are monitored using credit scores, collateral values and remaining maturity. The remainder of the consumer portfolio is predominantly unsecured.
Reserve for Unfunded Commitments	Reserve for Unfunded Commitments The Company estimates expected credit losses over the contractual period in which the Company is exposed to credit risk via a contractual obligation to extend credit, unless that obligation is unconditionally cancellable by the Company. The reserve for unfunded commitments is adjusted through the provision for credit losses. The estimate includes consideration of the likelihood that funding will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life.
Accounting Standard Adopted in 2020 and Recent Accounting Pronouncements	Accounting Standards Adopted in 2020 In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments The implementation of CECL required 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 existing processes. The Company also engaged a software vendor and had run several CECL parallel run productions during 2019. The Company adopted the provisions of ASU No. 2016-13 and related amendments by recording a cumulative effect adjustment to retained earnings as of January 1, 2020. Note that the Company did not opt to delay the implementation of CECL requirements as permitted under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), which allows entities to delay implementation until the earlier of (1) the date on which the national emergency concerning the Coronavirus Disease 2019 (“COVID-19”) terminates, or (2) December 31, 2020. The following table presents the impact of adopting ASC Topic 326 as of January 1, 2020: Prior to the Adjustment Adoption of to Adopt After Adoption of (dollars in thousands) ASC Topic 326 ASC Topic 326 ASC Topic 326 Assets: Allowance for Credit Losses - Loans and Leases $ 130,530 $ 770 $ 131,300 Liabilities: Reserve for Unfunded Commitments (1) 600 16,300 16,900 Pretax Cumulative Effect Adjustment of a Change in Accounting Principle 17,070 Less: Income Taxes (4,553) Cumulative-Effect Adjustment of a Change in Accounting Principle, Net of Tax $ 12,517 (1) The reserve for unfunded commitments is included as a component of other liabilities in the Company's interim consolidated balance sheets. 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 Recent Accounting Pronouncements The following ASU has been issued by the FASB and is applicable to the Company in future reporting periods. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting

Organization and Basis of Pre_3

Organization and Basis of Presentation (Tables)	6 Months Ended
Organization and Basis of Presentation (Tables)	Jun. 30, 2020
Organization and Basis of Presentation.
Impact of adopting ASC Topic 326	The following table presents the impact of adopting ASC Topic 326 as of January 1, 2020: Prior to the Adjustment Adoption of to Adopt After Adoption of (dollars in thousands) ASC Topic 326 ASC Topic 326 ASC Topic 326 Assets: Allowance for Credit Losses - Loans and Leases $ 130,530 $ 770 $ 131,300 Liabilities: Reserve for Unfunded Commitments (1) 600 16,300 16,900 Pretax Cumulative Effect Adjustment of a Change in Accounting Principle 17,070 Less: Income Taxes (4,553) Cumulative-Effect Adjustment of a Change in Accounting Principle, Net of Tax $ 12,517 (1) The reserve for unfunded commitments is included as a component of other liabilities in the Company's interim consolidated balance sheets.

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
Investment Securities (Tables)	Jun. 30, 2020
Investment Securities
Schedule of amortized cost and fair value of securities	June 30, 2020 December 31, 2019 Amortized Unrealized Unrealized Fair Amortized Unrealized Unrealized Fair (dollars in thousands) Cost Gains Losses Value Cost Gains Losses Value U.S. Treasury and government agency debt securities $ 94,414 $ 504 $ — $ 94,918 $ 29,832 $ 56 $ — $ 29,888 Government-sponsored enterprises debt securities — — — — 101,697 19 (277) 101,439 Mortgage-backed securities: Residential - Government agency 224,764 7,853 — 232,617 290,131 2,224 (1,146) 291,209 Residential - Government-sponsored enterprises 375,118 15,794 — 390,912 395,039 6,126 (1,673) 399,492 Commercial - Government agency 612,811 17,324 (456) 629,679 — — — — Commercial - Government-sponsored enterprises 312,293 10,703 — 322,996 101,798 555 (634) 101,719 Collateralized mortgage obligations: Government agency 1,887,701 39,538 (655) 1,926,584 2,390,143 7,483 (16,348) 2,381,278 Government-sponsored enterprises 1,518,332 20,194 (457) 1,538,069 772,023 2,505 (3,909) 770,619 Total available-for-sale securities $ 5,025,433 $ 111,910 $ (1,568) $ 5,135,775 $ 4,080,663 $ 18,968 $ (23,987) $ 4,075,644
Schedule of amortized cost and fair value of debt securities by contractual maturity	June 30, 2020 Amortized Fair (dollars in thousands) Cost Value Due in one year or less $ — $ — Due after one year through five years 30,442 30,941 Due after five years through ten years — — Due after ten years 63,972 63,977 94,414 94,918 Mortgage-backed securities: Residential - Government agency 224,764 232,617 Residential - Government-sponsored enterprises 375,118 390,912 Commercial - Government agency 612,811 629,679 Commercial - Government-sponsored enterprises 312,293 322,996 Total mortgage-backed securities 1,524,986 1,576,204 Collateralized mortgage obligations: Government agency 1,887,701 1,926,584 Government-sponsored enterprises 1,518,332 1,538,069 Total collateralized mortgage obligations 3,406,033 3,464,653 Total available-for-sale securities $ 5,025,433 $ 5,135,775
Schedule of gross unrealized losses and fair values of securities in a continuous loss position	Time in Continuous Loss as of June 30, 2020 Less Than 12 Months 12 Months or More Total Unrealized Unrealized Unrealized (dollars in thousands) Losses Fair Value Losses Fair Value Losses Fair Value Mortgage-backed securities: Commercial - Government agency $ (456) $ 90,834 $ — $ — $ (456) $ 90,834 Collateralized mortgage obligations: Government agency (603) 200,395 (52) 9,212 (655) 209,607 Government-sponsored enterprises (430) 124,283 (27) 8,813 (457) 133,096 Total available-for-sale securities with unrealized losses $ (1,489) $ 415,512 $ (79) $ 18,025 $ (1,568) $ 433,537 Time in Continuous Loss as of December 31, 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 $ (277) $ 49,716 $ — $ — $ (277) $ 49,716 Mortgage-backed securities: Residential - Government agency — — (1,146) 109,614 (1,146) 109,614 Residential - Government-sponsored enterprises (115) 76,481 (1,558) 109,025 (1,673) 185,506 Commercial - Government-sponsored enterprises (634) 38,062 — — (634) 38,062 Collateralized mortgage obligations: Government agency (8,049) 969,762 (8,299) 565,764 (16,348) 1,535,526 Government-sponsored enterprises (583) 180,785 (3,326) 209,752 (3,909) 390,537 Total available-for-sale securities with unrealized losses $ (9,658) $ 1,314,806 $ (14,329) $ 994,155 $ (23,987) $ 2,308,961

Loans and Leases (Tables)

Loans and Leases (Tables)	6 Months Ended
Loans and Leases (Tables)	Jun. 30, 2020
Loans and Leases.
Schedule of components of loans and leases	June 30, December 31, (dollars in thousands) 2020 2019 Commercial and industrial $ 3,423,708 $ 2,743,242 Commercial real estate 3,423,499 3,463,953 Construction 617,935 519,241 Residential: Residential mortgage 3,691,950 3,768,936 Home equity line 876,491 893,239 Total residential 4,568,441 4,662,175 Consumer 1,492,160 1,620,556 Lease financing 238,287 202,483 Total loans and leases $ 13,764,030 $ 13,211,650

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	6 Months Ended
Allowance for Credit Losses (Tables)	Jun. 30, 2020
Allowance for Credit Losses
Schedule of activity in the allowance by class of loans and lease	Three Months Ended June 30, 2020 Commercial Lending Residential Lending Commercial Commercial Home and Real Lease Residential Equity (dollars in thousands) Industrial Estate Construction Financing Mortgage Line Consumer Total Allowance for credit losses: Balance at beginning of period $ 20,884 $ 42,838 $ 8,824 $ 851 $ 30,021 $ 6,556 $ 56,039 $ 166,013 Charge-offs (13,974) (2,723) (379) — (14) — (8,907) (25,997) Recoveries 100 — 30 — 17 8 2,456 2,611 Increase (decrease) in Provision 14,289 13,007 (3,199) 2,986 3,850 1,071 17,489 49,493 Balance at end of period $ 21,299 $ 53,122 $ 5,276 $ 3,837 $ 33,874 $ 7,635 $ 67,077 $ 192,120 Six Months Ended June 30, 2020 Commercial Lending Residential Lending Commercial Commercial Home and Real Lease Residential Equity (dollars in thousands) Industrial Estate Construction Financing Mortgage Line Consumer Unallocated Total Allowance for credit losses: Balance at beginning of period $ 28,975 $ 22,325 $ 4,844 $ 424 $ 29,303 $ 9,876 $ 34,644 $ 139 $ 130,530 Adoption of ASU No. 2016-13 (16,105) 10,559 (1,803) 207 (2,793) (4,731) 15,575 (139) 770 Charge-offs (14,175) (2,723) (379) — (14) (8) (17,504) — (34,803) Recoveries 320 — 140 — 152 130 4,539 — 5,281 Increase in Provision 22,284 22,961 2,474 3,206 7,226 2,368 29,823 — 90,342 Balance at end of period $ 21,299 $ 53,122 $ 5,276 $ 3,837 $ 33,874 $ 7,635 $ 67,077 $ — $ 192,120 The following presents the activity in the ACL by class of loans and leases for the three and six months ended June 30, 2019, presented in accordance with Topic 310, Receivables Three Months Ended June 30, 2019 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for credit losses: Balance at beginning of period $ 31,793 $ 21,197 $ 5,381 $ 411 $ 44,911 $ 35,099 $ 2,754 $ 141,546 Charge-offs (2,000) — — — — (7,505) — (9,505) Recoveries 25 32 — — 185 2,382 — 2,624 Increase (decrease) in Provision 1,870 975 (367) 35 (1,676) 3,662 (629) 3,870 Balance at end of period $ 31,688 $ 22,204 $ 5,014 $ 446 $ 43,420 $ 33,638 $ 2,125 $ 138,535 Six Months Ended June 30, 2019 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for credit losses: Balance at beginning of period $ 34,501 $ 19,725 $ 5,813 $ 432 $ 44,906 $ 35,813 $ 528 $ 141,718 Charge-offs (2,000) — — (24) — (16,103) — (18,127) Recoveries 62 63 — — 435 4,834 — 5,394 Increase (decrease) in Provision (875) 2,416 (799) 38 (1,921) 9,094 1,597 9,550 Balance at end of period $ 31,688 $ 22,204 $ 5,014 $ 446 $ 43,420 $ 33,638 $ 2,125 $ 138,535
Schedule of disaggregation of Allowance and recorded investment in loans by impairment methodology	December 31, 2019 Commercial Lending Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Residential Consumer Unallocated Total Allowance for credit losses: Individually evaluated for impairment $ 46 $ 27 $ — $ — $ 130 $ — $ — $ 203 Collectively evaluated for impairment 28,929 22,298 4,844 424 39,049 34,644 139 130,327 Balance at end of period $ 28,975 $ 22,325 $ 4,844 $ 424 $ 39,179 $ 34,644 $ 139 $ 130,530 Loans and leases: Individually evaluated for impairment $ 4,951 $ 723 $ — $ — $ 14,964 $ — $ — $ 20,638 Collectively evaluated for impairment 2,738,291 3,463,230 519,241 202,483 4,647,211 1,620,556 — 13,191,012 Balance at end of period $ 2,743,242 $ 3,463,953 $ 519,241 $ 202,483 $ 4,662,175 $ 1,620,556 $ — $ 13,211,650
Schedule of activity in the Liability for Credit Losses for Off-Balance-Sheet Financial Instruments	Three Months Ended June 30, 2020 Commercial Lending Residential Lending Commercial Commercial Home and Real Lease Residential Equity (dollars in thousands) Industrial Estate Construction Financing Mortgage Line Consumer Total Reserve for unfunded commitments: Balance at beginning of period $ 4,791 $ 696 $ 4,813 $ — $ 1 $ 6,927 $ 23 $ 17,251 Increase in Provision 3,390 472 1,095 — 2 963 31 5,953 Balance at end of period $ 8,181 $ 1,168 $ 5,908 $ — $ 3 $ 7,890 $ 54 $ 23,204 Six Months Ended June 30, 2020 Commercial Lending Residential Lending Commercial Commercial Home and Real Lease Residential Equity (dollars in thousands) Industrial Estate Construction Financing Mortgage Line Consumer Total Reserve for unfunded commitments: Balance at beginning of period $ — $ — $ — $ — $ — $ — $ 600 $ 600 Adoption of ASU No. 2016-13 5,390 778 4,119 — 7 6,587 (581) 16,300 Increase (decrease) in Provision 2,791 390 1,789 — (4) 1,303 35 6,304 Balance at end of period $ 8,181 $ 1,168 $ 5,908 $ — $ 3 $ 7,890 $ 54 $ 23,204
Schedule of amortized cost basis by year of origination and credit quality indicator	The amortized cost basis by year of origination and credit quality indicator of the Company's loans and leases as of June 30, 2020 was as follows: Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans Amortized Amortized (dollars in thousands) 2020 2019 2018 2017 2016 Prior Cost Basis Cost Basis Total Commercial Lending Commercial and Industrial Risk rating: Pass $ 989,501 $ 349,261 $ 271,941 $ 76,742 $ 62,113 $ 68,468 $ 1,182,299 $ 39,617 $ 3,039,942 Special Mention 28,136 9,235 8,460 841 335 27,174 113,642 509 188,332 Substandard 16,621 1,724 1,836 2,000 4,321 9,788 52,225 938 89,453 Other (1) 9,091 16,661 12,574 7,884 3,199 811 55,761 — 105,981 Total Commercial and Industrial 1,043,349 376,881 294,811 87,467 69,968 106,241 1,403,927 41,064 3,423,708 Commercial Real Estate Risk rating: Pass 171,445 618,501 523,149 440,549 296,474 927,232 33,878 — 3,011,228 Special Mention — 113,286 53,391 62,165 47,790 66,008 2,999 — 345,639 Substandard — 16,304 14,617 1,655 6,630 17,947 8,970 — 66,123 Other (1) — — — — — 509 — — 509 Total Commercial Real Estate 171,445 748,091 591,157 504,369 350,894 1,011,696 45,847 — 3,423,499 Construction Risk rating: Pass 16,615 135,963 192,016 96,137 24,106 41,457 29,297 — 535,591 Special Mention — — 2,152 4,782 — 10,850 196 — 17,980 Substandard — — 541 1,840 528 1,000 — — 3,909 Other (1) 8,415 31,038 8,546 5,562 1,795 4,514 585 — 60,455 Total Construction 25,030 167,001 203,255 108,321 26,429 57,821 30,078 — 617,935 Lease Financing Risk rating: Pass 45,489 67,806 11,965 18,915 3,764 59,364 — — 207,303 Special Mention 9,142 1,931 4,626 1,545 1,440 5,854 — — 24,538 Substandard 2,697 1,651 368 1,207 — 523 — — 6,446 Total Lease Financing 57,328 71,388 16,959 21,667 5,204 65,741 — — 238,287 Total Commercial Lending $ 1,297,152 $ 1,363,361 $ 1,106,182 $ 721,824 $ 452,495 $ 1,241,499 $ 1,479,852 $ 41,064 $ 7,703,429 (continued) Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans (continued) Amortized Amortized (dollars in thousands) 2020 2019 2018 2017 2016 Prior Cost Basis Cost Basis Total Residential Lending Residential Mortgage FICO: 740 and greater $ 300,079 $ 411,883 $ 353,197 $ 411,670 $ 362,197 $ 988,771 $ — $ — $ 2,827,797 680 - 739 50,937 72,139 64,920 65,992 43,666 161,897 — — 459,551 620 - 679 6,098 12,708 12,060 12,648 10,789 55,000 — — 109,303 550 - 619 2,006 1,824 3,533 3,389 3,032 13,329 — — 27,113 Less than 550 — — 1,204 1,907 528 6,324 — — 9,963 No Score (3) 15,676 21,603 24,182 23,736 16,298 51,943 — — 153,438 Other (2) 8,244 20,308 22,241 23,435 12,412 17,063 579 503 104,785 Total Residential Mortgage 383,040 540,465 481,337 542,777 448,922 1,294,327 579 503 3,691,950 Home Equity Line FICO: 740 and greater — — — — — — 626,897 858 627,755 680 - 739 — — — — — — 169,547 1,283 170,830 620 - 679 — — — — — — 48,655 1,013 49,668 550 - 619 — — — — — — 14,276 562 14,838 Less than 550 — — — — — — 6,661 212 6,873 No Score (3) — — — — — — 6,527 — 6,527 Total Home Equity Line — — — — — — 872,563 3,928 876,491 Total Residential Lending 383,040 540,465 481,337 542,777 448,922 1,294,327 873,142 4,431 4,568,441 Consumer Lending FICO: 740 and greater 65,206 141,704 120,178 71,525 35,932 12,451 109,702 — 556,698 680 - 739 47,584 109,728 87,056 48,728 24,478 10,094 83,021 — 410,689 620 - 679 24,185 65,310 43,282 31,318 16,144 7,013 42,511 — 229,763 550 - 619 5,881 26,220 22,891 20,874 10,869 5,467 18,429 — 110,631 Less than 550 1,562 12,306 13,110 10,628 5,397 2,567 7,777 — 53,347 No Score (3) 3,799 124 125 126 27 1 34,281 — 38,483 Other (2) 594 9,160 96 2,225 72 6,804 73,598 — 92,549 Total Consumer Lending 148,811 364,552 286,738 185,424 92,919 44,397 369,319 — 1,492,160 Total Loans and Leases $ 1,829,003 $ 2,268,378 $ 1,874,257 $ 1,450,025 $ 994,336 $ 2,580,223 $ 2,722,313 $ 45,495 $ 13,764,030
Schedule of aging analyses of past due loans and leases	June 30, 2020 Past Due Loans and Greater Leases Past Than or Due 90 Days 30-59 60-89 Equal to or More and Days Days 90 Days Total Total Loans Still Accruing (dollars in thousands) Past Due Past Due Past Due Past Due Current and Leases Interest Commercial and industrial $ 2,535 $ 2,501 $ 2,374 $ 7,410 $ 3,416,298 $ 3,423,708 $ 2,309 Commercial real estate 2,761 94 1,655 4,510 3,418,989 3,423,499 900 Construction 2,737 — 2,292 5,029 612,906 617,935 248 Lease financing — — — — 238,287 238,287 — Residential mortgage 2,630 4,778 4,152 11,560 3,680,390 3,691,950 — Home equity line 2,041 1,591 4,496 8,128 868,363 876,491 4,496 Consumer 11,053 3,103 2,167 16,323 1,475,837 1,492,160 2,167 Total $ 23,757 $ 12,067 $ 17,136 $ 52,960 $ 13,711,070 $ 13,764,030 $ 10,120 As of December 31, 2019, the aging analysis of the Company’s past due loans and leases, presented in accordance with Topic 310, Receivables December 31, 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 $ 1,525 $ 808 $ 1,429 $ 3,762 $ 2,739,448 $ 2,743,210 $ 32 $ 2,743,242 Commercial real estate 1,664 1,125 1,013 3,802 3,460,121 3,463,923 30 3,463,953 Construction — — 2,367 2,367 516,874 519,241 — 519,241 Lease financing — — — — 202,483 202,483 — 202,483 Residential mortgage 3,258 399 74 3,731 3,759,799 3,763,530 5,406 3,768,936 Home equity line 2,971 394 2,995 6,360 886,879 893,239 — 893,239 Consumer 26,810 7,022 4,272 38,104 1,582,452 1,620,556 — 1,620,556 Total $ 36,228 $ 9,748 $ 12,150 $ 58,126 $ 13,148,056 $ 13,206,182 $ 5,468 $ 13,211,650
Schedule of revolving loans that were converted to term loans	Three Months Ended (dollars in thousands) June 30, 2020 Commercial and industrial $ 294 Home equity line 3,928 Total Revolving Loans Converted to Term Loans During the Period $ 4,222 Six Months Ended (dollars in thousands) June 30, 2020 Commercial and industrial $ 28,522 Residential mortgage 296 Home equity line 3,928 Total Revolving Loans Converted to Term Loans During the Period $ 32,746
Schedule of credit risk profiles by internally assigned grade for loans and leases	December 31, 2019 Commercial Commercial and Real Lease (dollars in thousands) Industrial Estate Construction Financing Total Grade: Pass $ 2,585,908 $ 3,327,659 $ 515,993 $ 201,461 $ 6,631,021 Special mention 91,365 106,331 127 1,022 198,845 Substandard 65,969 29,963 3,121 — 99,053 Total $ 2,743,242 $ 3,463,953 $ 519,241 $ 202,483 $ 6,928,919
Schedule of credit risk profiles based on payment activity for loans and leases that were not subject to loan grading	December 31, 2019 (dollars in thousands) Residential Mortgage Home Equity Line Consumer Consumer - Auto Credit Cards Total Performing $ 3,759,799 $ 886,879 $ 219,046 $ 1,016,142 $ 347,264 $ 6,229,130 Non-performing and delinquent 9,137 6,360 7,258 24,326 6,520 53,601 Total $ 3,768,936 $ 893,239 $ 226,304 $ 1,040,468 $ 353,784 $ 6,282,731
Schedule of amortized cost basis of loans and leases on nonaccrual status	June 30, 2020 January 1, 2020 Nonaccrual Loans and Leases With No Nonaccrual Nonaccrual Allowance Loans Loans (dollars in thousands) for Credit Losses and Leases and Leases Commercial and industrial $ 11,494 $ 11,559 $ 32 Commercial real estate 13,088 13,168 30 Construction 1,840 2,043 — Residential mortgage 1,475 6,059 5,406 Total Nonaccrual Loans and Leases $ 27,897 $ 32,829 $ 5,468
Schedule of total carrying amounts and total unpaid principal balances of impaired loans and leases	December 31, 2019 Unpaid Recorded Principal Related (dollars in thousands) Investment Balance Allowance Impaired loans with no related allowance recorded: Commercial and industrial $ 3,825 $ 3,841 $ — Commercial real estate 30 30 — Residential mortgage 10,425 10,718 — Total $ 14,280 $ 14,589 $ — Impaired loans with a related allowance recorded: Commercial and industrial $ 1,126 $ 1,126 $ 46 Commercial real estate 693 693 27 Residential mortgage 4,539 4,819 130 Total $ 6,358 $ 6,638 $ 203 Total impaired loans: Commercial and industrial $ 4,951 $ 4,967 $ 46 Commercial real estate 723 723 27 Residential mortgage 14,964 15,537 130 Total $ 20,638 $ 21,227 $ 203
Schedule of average balances, and of interest income recognized from, impaired loans	Three Months Ended Six Months Ended June 30, 2019 June 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 $ 3,833 $ 94 $ 4,038 $ 175 Commercial real estate 3,102 40 3,740 212 Residential mortgage 7,948 92 8,336 191 Total $ 14,883 $ 226 $ 16,114 $ 578 Impaired loans with a related allowance recorded: Commercial and industrial $ 5,645 $ 61 $ 5,187 $ 117 Commercial real estate 715 10 719 20 Residential mortgage 7,220 103 7,147 199 Total $ 13,580 $ 174 $ 13,053 $ 336 Total impaired loans: Commercial and industrial $ 9,478 $ 155 $ 9,225 $ 292 Commercial real estate 3,817 50 4,459 232 Residential mortgage 15,168 195 15,483 390 Total $ 28,463 $ 400 $ 29,167 $ 914
Schedule of information related to loans modified in a TDR	Three Months Ended Six Months Ended June 30, 2020 June 30, 2020 Number of Recorded Related Number of Recorded Related (dollars in thousands) Contracts Investment (1) Allowance Contracts Investment (1) Allowance Commercial and industrial — $ — $ — 1 $ 500 $ 30 Total — $ — $ — 1 $ 500 $ 30 (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 Six Months Ended June 30, 2019 June 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 $ 906 $ 41 Residential mortgage — — — 1 351 14 Total — $ — $ — 5 $ 1,257 $ 55 (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 Six Months Ended Three Months Ended Six Months Ended June 30, 2020 June 30, 2020 June 30, 2019 June 30, 2019 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) 1 $ 500 1 $ 500 4 $ 906 4 $ 906 Residential mortgage (3) — — — — 1 351 1 351 Total 1 $ 500 1 $ 500 5 $ 1,257 5 $ 1,257

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	6 Months Ended
Mortgage Servicing Rights (Tables)	Jun. 30, 2020
Mortgage Servicing Rights
Schedule of estimated future amortization expense for MSRs	Estimated (dollars in thousands) Amortization Under one year $ 2,687 One to two years 2,088 Two to three years 1,625 Three to four years 1,292 Four to five years 1,046
Schedule of details of the Company's MSRs	June 30, December 31, (dollars in thousands) 2020 2019 Gross carrying amount $ 65,686 $ 63,480 Less: accumulated amortization 54,091 50,812 Net carrying value $ 11,595 $ 12,668
Schedule of changes in amortized MSRs	Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2020 2019 2020 2019 Balance at beginning of period $ 11,979 $ 15,399 $ 12,668 $ 16,155 Originations 915 16 2,206 24 Amortization (1,299) (842) (3,279) (1,606) Balance at end of period $ 11,595 $ 14,573 $ 11,595 $ 14,573 Fair value of amortized MSRs at beginning of period $ 17,615 $ 26,383 $ 20,329 $ 27,662 Fair value of amortized MSRs at end of period $ 15,159 $ 23,398 $ 15,159 $ 23,398
Schedule of quantitative assumptions used in determining lower of cost or fair value of MSRs	June 30, 2020 December 31, 2019 Weighted Weighted Range Average Range Average Conditional prepayment rate 14.35 % - 24.33 % 16.64 % 10.74 % - 23.39 % 11.10 % Life in years (of the MSR) 1.92 - 5.72 4.45 2.04 - 6.33 5.99 Weighted-average coupon rate 3.87 % - 7.11 % 3.96 % 3.96 % - 7.26 % 4.01 % Discount rate 10.00 % - 10.00 % 10.00 % 10.00 % - 10.01 % 10.00 %

Transfers of Financial Assets (

Transfers of Financial Assets (Tables)	6 Months Ended
Transfers of Financial Assets (Tables)	Jun. 30, 2020
Transfers of Financial Assets
Schedule of carrying amounts of assets pledged as collateral	(dollars in thousands) June 30, 2020 December 31, 2019 Public deposits $ 3,001,044 $ 1,543,492 Federal Home Loan Bank 2,919,854 2,928,581 Federal Reserve Bank 1,759,853 953,169 ACH transactions 145,263 155,360 Interest rate swaps 57,036 43,296 Total $ 7,883,050 $ 5,623,898

Deposits (Tables)

Deposits (Tables)	6 Months Ended
Deposits (Tables)	Jun. 30, 2020
Deposits
Schedule of deposits by category	(dollars in thousands) June 30, 2020 December 31, 2019 U.S.: Interest-bearing $ 11,705,106 $ 9,782,957 Noninterest-bearing 6,081,910 5,188,696 Foreign: Interest-bearing 776,437 781,965 Noninterest-bearing 798,181 691,376 Total deposits $ 19,361,634 $ 16,444,994
Schedule of maturity distribution of time certificates of deposit	The following table presents the maturity distribution of time certificates of deposit as of June 30, 2020: Under $250,000 (dollars in thousands) $250,000 or More Total Three months or less $ 186,536 $ 1,126,120 $ 1,312,656 Over three through six months 184,540 249,181 433,721 Over six through twelve months 409,875 708,352 1,118,227 One to two years 118,555 227,567 346,122 Two to three years 103,852 54,517 158,369 Three to four years 82,868 10,691 93,559 Four to five years 32,572 7,597 40,169 Thereafter 442 3,400 3,842 Total $ 1,119,240 $ 2,387,425 $ 3,506,665

Short-Term Borrowings (Tables)

Short-Term Borrowings (Tables)	6 Months Ended
Short-Term Borrowings (Tables)	Jun. 30, 2020
Short-Term Borrowings
Schedule of short-term borrowings	(dollars in thousands) June 30, 2020 December 31, 2019 Short-term FHLB fixed-rate advances (1) $ 200,000 $ 400,000 Total short-term borrowings $ 200,000 $ 400,000 (1) Interest is payable monthly.

Long-Term Borrowings (Tables)

Long-Term Borrowings (Tables)	6 Months Ended
Long-Term Borrowings (Tables)	Jun. 30, 2020
Long-Term Borrowings
Schedule of long-term borrowings	(dollars in thousands) June 30, 2020 December 31, 2019 Finance lease $ 19 $ 19 FHLB fixed-rate advances (1) 200,000 200,000 Total long-term borrowings $ 200,019 $ 200,019 (1) Interest is payable monthly.
Schedule of future contractual principal payments on long-term borrowings	Principal (dollars in thousands) Payments 2020 $ 9 2021 10 2022 — 2023 (1) 100,000 2024 (2) 100,000 Total $ 200,019 (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 Income (Loss) (Tables)	6 Months Ended
Accumulated Other Comprehensive Income (Loss) (Tables)	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss).
Schedule of changes in accumulated other comprehensive income (loss)	Income Tax Pre-tax Benefit Net of (dollars in Amount (Expense) Tax Accumulated other comprehensive income at March 31, 2020 $ 5,629 $ (1,500) $ 4,129 Three months ended June 30, 2020 Investment securities: Unrealized net gains arising during the period 66,071 (17,624) 48,447 Reclassification of net losses to net income: Investment securities losses, net 211 (56) 155 Net change in investment securities 66,282 (17,680) 48,602 Other comprehensive income 66,282 (17,680) 48,602 Accumulated other comprehensive income at June 30, 2020 $ 71,911 $ (19,180) $ 52,731 Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at December 31, 2019 $ (43,450) $ 11,701 $ (31,749) Six months ended June 30, 2020 Change in Company tax rate — (96) (96) Net change in pension and other benefits — (96) (96) Investment securities: Unrealized net gains arising during the period 115,235 (30,751) 84,484 Reclassification of net losses to net income: Investment securities losses, net 126 (34) 92 Net change in investment securities 115,361 (30,785) 84,576 Other comprehensive income 115,361 (30,881) 84,480 Accumulated other comprehensive income at June 30, 2020 $ 71,911 $ (19,180) $ 52,731 Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at March 31, 2019 $ (107,779) $ 29,025 $ (78,754) Three months ended June 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 64,841 (17,462) 47,379 Reclassification of net gains to net income: Investment securities gains, net (21) 6 (15) Net change in investment securities 64,820 (17,456) 47,364 Other comprehensive income 64,007 (17,237) 46,770 Accumulated other comprehensive loss at June 30, 2019 $ (43,772) $ 11,788 $ (31,984) 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) Six months ended June 30, 2019 Pension and other benefits: Net actuarial losses arising during the year (813) 219 (594) Net change in pension and other benefits (813) 219 (594) Investment securities: Unrealized net gains arising during the period 135,364 (36,453) 98,911 Reclassification of net losses to net income: Investment securities losses, net 2,592 (698) 1,894 Net change in investment securities 137,956 (37,151) 100,805 Other comprehensive income 137,143 (36,932) 100,211 Accumulated other comprehensive loss at June 30, 2019 $ (43,772) $ 11,788 $ (31,984)
Summary of changes in accumulated other comprehensive income (loss), net of tax	Pensions Accumulated and Other Other Investment Comprehensive (dollars in thousands) Benefits Securities Income (Loss) Three Months Ended June 30, 2020 Balance at beginning of period $ (28,178) $ 32,307 $ 4,129 Other comprehensive income — 48,602 48,602 Balance at end of period $ (28,178) $ 80,909 $ 52,731 Six Months Ended June 30, 2020 Balance at beginning of period $ (28,082) $ (3,667) $ (31,749) Other comprehensive income (96) 84,576 84,480 Balance at end of period $ (28,178) $ 80,909 $ 52,731 Three Months Ended June 30, 2019 Balance at beginning of period $ (28,379) $ (50,375) $ (78,754) Other comprehensive income (594) 47,364 46,770 Balance at end of period $ (28,973) $ (3,011) $ (31,984) Six Months Ended June 30, 2019 Balance at beginning of period $ (28,379) $ (103,816) $ (132,195) Other comprehensive income (594) 100,805 100,211 Balance at end of period $ (28,973) $ (3,011) $ (31,984)

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	6 Months Ended
Regulatory Capital Requirements (Tables)	Jun. 30, 2020
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) June 30, 2020: Common equity tier 1 capital to risk-weighted assets $ 1,653,674 11.86 % $ 1,634,333 11.72 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,653,674 11.86 % 1,634,333 11.72 % 6.00 % 8.00 % Total capital to risk-weighted assets 1,828,511 13.11 % 1,809,165 12.97 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,653,674 7.75 % 1,634,333 7.66 % 4.00 % 5.00 % December 31, 2019: Common equity tier 1 capital to risk-weighted assets $ 1,676,515 11.88 % $ 1,654,304 11.72 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,676,515 11.88 % 1,654,304 11.72 % 6.00 % 8.00 % Total capital to risk-weighted assets 1,807,645 12.81 % 1,785,434 12.65 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,676,515 8.79 % 1,654,304 8.67 % 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)	6 Months Ended
Derivative Financial Instruments (Tables)	Jun. 30, 2020
Derivative Financial Instruments
Summary of notional amounts and fair values of derivatives held	June 30, 2020 December 31, 2019 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 $ 22,825 $ — $ (1,581) $ 23,190 $ — $ (682) Derivatives not designated as hedging instruments: Interest rate swaps 3,023,471 170,576 — 2,818,803 63,527 — Funding swap 88,480 — (2,095) 82,900 — (4,233) Interest rate caps and floors 148,800 35 (35) — — — Foreign exchange contracts 150 — — 1,428 12 — (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 Six Months Ended the consolidated statements June 30, June 30, (dollars in of income line item 2020 2019 2020 2019 Gains (losses) on fair value hedging relationships recognized in interest income: Recognized on interest rate swap Loans and lease financing $ 57 $ (424) $ (898) $ (766) Recognized on hedged item Loans and lease financing 35 427 942 689
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 June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Line item in the consolidated balance sheets in which the hedged item is included Loans and leases $ 25,064 $ 24,415 $ 1,959 $ 1,017
Summary of impact on pretax earnings of derivatives not designated as hedges	Net gains (losses) recognized Three Months Ended Six Months Ended in the consolidated statements June 30, June 30, (dollars in of income line item 2020 2019 2020 2019 Derivatives Not Designated As Hedging Instruments: Interest rate swaps Other noninterest income $ — $ — $ — $ 16 Funding swap Other noninterest income 103 (247) 109 (242) Foreign exchange contracts Other noninterest income 52 (1) — (1)

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	6 Months Ended
Commitments and Contingent Liabilities (Tables)	Jun. 30, 2020
Commitments and Contingent Liabilities
Schedule of financial instruments with off-balance sheet risk	June 30, December 31, (dollars in 2020 2019 Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 6,097,646 $ 5,907,690 Standby letters of credit 175,009 181,412 Commercial letters of credit 3,131 7,334

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
Revenue from Contracts with Customers (Tables)	Jun. 30, 2020
Revenue from Contracts with Customers
Summary of revenues disaggregated by type of service and business segments	Three Months Ended June 30, 2020 Treasury Retail Commercial and (dollars in Banking Banking Other Total Net interest income (1) $ 96,146 $ 33,094 $ (1,418) $ 127,822 Service charges on deposit accounts 5,469 326 132 5,927 Credit and debit card fees — 10,122 275 10,397 Other service charges and fees 4,580 215 338 5,133 Trust and investment services income 8,664 — — 8,664 Other 56 1,499 112 1,667 Not in scope of Topic 606 (1) 3,403 5,893 4,572 13,868 Total noninterest income 22,172 18,055 5,429 45,656 Total revenue $ 118,318 $ 51,149 $ 4,011 $ 173,478 Six Months Ended June 30, 2020 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 186,029 $ 67,508 $ 12,968 $ 266,505 Service charges on deposit accounts 13,556 677 644 14,877 Credit and debit card fees — 23,009 1,874 24,883 Other service charges and fees 9,454 639 854 10,947 Trust and investment services income 18,255 — — 18,255 Other 241 2,605 300 3,146 Not in scope of Topic 606 (1) 7,042 8,921 6,813 22,776 Total noninterest income 48,548 35,851 10,485 94,884 Total revenue $ 234,577 $ 103,359 $ 23,453 $ 361,389 (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 June 30, 2019 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 107,708 $ 35,000 $ 2,905 $ 145,613 Service charges on deposit accounts 7,131 309 683 8,123 Credit and debit card fees — 14,481 1,687 16,168 Other service charges and fees 4,944 868 578 6,390 Trust and investment services income 8,931 — — 8,931 Other 142 761 327 1,230 Not in scope of Topic 606 (1) 2,227 2,306 3,398 7,931 Total noninterest income 23,375 18,725 6,673 48,773 Total revenue $ 131,083 $ 53,725 $ 9,578 $ 194,386 Six Months Ended June 30, 2019 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 214,935 $ 69,656 $ 6,111 $ 290,702 Service charges on deposit accounts 14,365 620 1,198 16,183 Credit and debit card fees — 28,941 3,417 32,358 Other service charges and fees 10,277 1,237 1,120 12,634 Trust and investment services income 17,549 — — 17,549 Other 357 2,270 535 3,162 Not in scope of Topic 606 (1) 4,696 4,045 5,218 13,959 Total noninterest income 47,244 37,113 11,488 95,845 Total revenue $ 262,179 $ 106,769 $ 17,599 $ 386,547 (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)	6 Months Ended
Earnings per Share (Tables)	Jun. 30, 2020
Earnings per Share
Schedule of computations of basic and diluted earnings per share	Three Months Ended June 30, Six Months Ended June 30, (dollars in 2020 2019 2020 2019 Numerator: Net income $ 20,049 $ 72,433 $ 58,914 $ 142,357 Denominator: Basic: weighted-average shares outstanding 129,856,730 134,420,380 129,876,218 134,655,217 Add: weighted-average equity-based awards 148,465 231,628 287,504 269,114 Diluted: weighted-average shares outstanding 130,005,195 134,652,008 130,163,722 134,924,331 Basic earnings per share $ 0.15 $ 0.54 $ 0.45 $ 1.06 Diluted earnings per share $ 0.15 $ 0.54 $ 0.45 $ 1.06

Noninterest Income and Nonint_2

Noninterest Income and Noninterest Expense (Tables)	6 Months Ended
Noninterest Income and Noninterest Expense (Tables)	Jun. 30, 2020
Noninterest Income and Noninterest Expense
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 2020 2019 2020 2019 Three Months Ended June 30, Service cost Salaries and employee benefits $ — $ 17 $ 189 $ 159 Interest cost Other noninterest expense 1,621 2,044 164 206 Expected return on plan assets Other noninterest expense (1,194) (1,195) — — Prior service credit Other noninterest expense — — (13) (107) Recognized net actuarial loss (gain) Other noninterest expense 1,429 1,564 (26) (76) Total net periodic benefit cost $ 1,856 $ 2,430 $ 314 $ 182 Six Months Ended June 30, Service cost Salaries and employee benefits $ — $ 34 $ 378 $ 318 Interest cost Other noninterest expense 3,242 4,088 328 412 Expected return on plan assets Other noninterest expense (2,388) (2,390) — — Prior service credit Other noninterest expense — — (26) (214) Recognized net actuarial loss (gain) Other noninterest expense 2,858 3,128 (52) (152) Total net periodic benefit cost $ 3,712 $ 4,860 $ 628 $ 364

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
Fair Value (Tables)	Jun. 30, 2020
Fair Value
Schedule of assets and liabilities measured at fair value on a recurring basis	Fair Value Measurements as of June 30, 2020 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 and government agency debt securities $ — $ 94,918 $ — $ 94,918 Mortgage-backed securities: Residential - Government agency (1) — 232,617 — 232,617 Residential - Government-sponsored enterprises (1) — 390,912 — 390,912 Commercial - Government agency — 629,679 — 629,679 Commercial - Government-sponsored enterprises — 322,996 — 322,996 Collateralized mortgage obligations: Government agency — 1,926,584 — 1,926,584 Government-sponsored enterprises — 1,538,069 — 1,538,069 Total available-for-sale securities — 5,135,775 — 5,135,775 Other assets (2) — 170,611 — 170,611 Liabilities Other liabilities (3) — (1,616) (2,095) (3,711) Total $ — $ 5,304,770 $ (2,095) $ 5,302,675 (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, 2019 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 $ — $ 29,888 $ — $ 29,888 Government-sponsored enterprises debt securities — 101,439 — 101,439 Mortgage-backed securities: Residential - Government agency (1) — 291,209 — 291,209 Residential - Government-sponsored enterprises (1) — 399,492 — 399,492 Commercial - Government-sponsored enterprises — 101,719 — 101,719 Collateralized mortgage obligations: Government agency — 2,381,278 — 2,381,278 Government-sponsored enterprises — 770,619 — 770,619 Total available-for-sale securities — 4,075,644 — 4,075,644 Other assets (2) — 63,539 — 63,539 Liabilities Other liabilities (3) — (682) (4,233) (4,915) Total $ — $ 4,138,501 $ (4,233) $ 4,134,268 (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 2020 2019 Three Months Ended June 30, Balance as of April 1, $ (3,199) $ (1,839) Total net gains (losses) included in other noninterest income 103 (247) Settlements 1,001 907 Balance as of June 30, $ (2,095) $ (1,179) Total net gains (losses) included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30, $ 103 $ (247) Six Months Ended June 30, Balance as of January 1, $ (4,233) $ (2,607) Total net gains (losses) included in other noninterest income 109 (242) Settlements 2,029 1,670 Balance as of June 30, $ (2,095) $ (1,179) Total net gains (losses) included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30, $ 109 $ (242)
Summary of estimated fair value of financial instruments not required to be carried at fair value on a recurring basis	June 30, 2020 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 $ 1,855,222 $ 347,592 $ 1,507,630 $ — $ 1,855,222 Loans held for sale 6,698 — 6,698 — 6,698 Loans (1) 13,525,743 — — 13,832,005 13,832,005 Financial liabilities: Time deposits (2) $ 3,506,665 $ — $ 3,520,718 $ — $ 3,520,718 Short-term borrowings 200,000 — 200,286 — 200,286 Long-term borrowings (3) 200,000 — 216,394 — 216,394 December 31, 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 $ 694,017 $ 360,375 $ 333,642 $ — $ 694,017 Loans held for sale 904 — 904 — 904 Loans (1) 13,009,167 — — 13,140,898 13,140,898 Financial liabilities: Time deposits (2) $ 2,510,157 $ — $ 2,501,478 $ — $ 2,501,478 Short-term borrowings 400,000 — 401,709 — 401,709 Long-term borrowings (3) 200,000 — 207,104 — 207,104 (1) Excludes financing leases of $238.3 million at June 30, 2020 and $202.5 million at December 31, 2019. (2) Excludes deposit liabilities with no defined or contractual maturity of $15.9 billion as of June 30, 2020 and $13.9 billion as of December 31, 2019. (3) Excludes capital lease obligations of $19 thousand as of both June 30, 2020 and December 31, 2019.
Schedule of assets with fair value adjustments on a nonrecurring basis	(dollars Level 1 Level 2 Level 3 June 30, 2020 Collateral-dependent loans $ — $ — $ 1,840 December 31, 2019 Collateral-dependent loans $ — $ — $ 1,502
Significant unobservable inputs used in fair value measurements for Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis	Quantitative Information about Level 3 Fair Value Measurements at June 30, 2020 Significant (dollars in thousands) Fair value Valuation Technique Unobservable Input Range Collateral-dependent loans $ 1,840 Appraisal Value Appraisal Value n/m (1) Visa derivative $ (2,095) Discounted Cash Flow Expected Conversation Rate - 1.6228 (2) 1.5977 -1.6228 Expected Term - 1 year (3) 0.5 to 1.5 years Growth Rate - 13% (4) 4% - 17% (1) The fair value of these assets is determined based on appraised values of the collateral or broker opinions, the range of which is not meaningful to disclose. (2) Due to the uncertainty in the movement of the conversion rate, the current conversion rate was utilized in the fair value calculation. (3) The expected term of 1 year was based on the median of 0.5 to 1.5 years. (4) The growth rate of 13% was based on the arithmetic average of analyst price targets. Quantitative Information about Level 3 Fair Value Measurements at December 31, 2019 Significant (dollars in thousands) Fair value Valuation Technique Unobservable Input Collateral-dependent loans $ 1,502 Appraisal Value Appraisal Value Visa derivative $ (4,233) Discounted Cash Flow Expected Conversion Rate - 1.6228 Expected Term - 1 year Growth Rate - 13%

Reportable Operating Segments (

Reportable Operating Segments (Tables)	6 Months Ended
Reportable Operating Segments (Tables)	Jun. 30, 2020
Reportable Operating Segments
Schedule of selected business segment financial information	Treasury Retail Commercial and (dollars in Banking Banking Other Total Three Months Ended June 30, 2020 Net interest income (expense) $ 96,146 $ 33,094 $ (1,418) $ 127,822 Provision for credit losses (24,311) (25,183) (5,952) (55,446) Net interest income (expense) after provision for credit losses 71,835 7,911 (7,370) 72,376 Noninterest income 22,172 18,055 5,429 45,656 Noninterest expense (57,639) (20,445) (13,366) (91,450) Income (loss) before (provision) benefit for income taxes 36,368 5,521 (15,307) 26,582 (Provision) benefit for income taxes (9,331) (1,179) 3,977 (6,533) Net income (loss) $ 27,037 $ 4,342 $ (11,330) $ 20,049 Total assets as of June 30, 2020 $ 7,888,155 $ 6,006,128 $ 9,099,432 $ 22,993,715 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Six Months Ended June 30, 2020 Net interest income $ 186,029 $ 67,508 $ 12,968 $ 266,505 Provision for credit losses (44,376) (45,967) (6,303) (96,646) Net interest income after provision for credit losses 141,653 21,541 6,665 169,859 Noninterest income 48,548 35,851 10,485 94,884 Noninterest expense (119,283) (41,950) (26,683) (187,916) Income (loss) before (provision) benefit for income taxes 70,918 15,442 (9,533) 76,827 (Provision) benefit for income taxes (16,854) (3,824) 2,765 (17,913) Net income (loss) $ 54,064 $ 11,618 $ (6,768) $ 58,914 Total assets as of June 30, 2020 $ 7,888,155 $ 6,006,128 $ 9,099,432 $ 22,993,715 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Three Months Ended June 30, 2019 Net interest income $ 107,708 $ 35,000 $ 2,905 $ 145,613 Provision for credit losses (1,752) (2,118) — (3,870) Net interest income after provision for credit losses 105,956 32,882 2,905 141,743 Noninterest income 23,375 18,725 6,673 48,773 Noninterest expense (59,495) (19,741) (14,054) (93,290) Income (loss) before (provision) benefit for income taxes 69,836 31,866 (4,476) 97,226 (Provision) benefit for income taxes (17,658) (8,267) 1,132 (24,793) Net income (loss) $ 52,178 $ 23,599 $ (3,344) $ 72,433 Total assets as of June 30, 2019 $ 7,056,325 $ 6,525,345 $ 6,944,697 $ 20,526,367 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Six Months Ended June 30, 2019 Net interest income $ 214,935 $ 69,656 $ 6,111 $ 290,702 Provision for credit losses (4,324) (5,226) — (9,550) Net interest income after provision for credit losses 210,611 64,430 6,111 281,152 Noninterest income 47,244 37,113 11,488 95,845 Noninterest expense (116,662) (39,226) (30,025) (185,913) Income (loss) before (provision) benefit for income taxes 141,193 62,317 (12,426) 191,084 (Provision) benefit for income taxes (35,705) (16,188) 3,166 (48,727) Net income (loss) $ 105,488 $ 46,129 $ (9,260) $ 142,357 Total assets as of June 30, 2019 $ 7,056,325 $ 6,525,345 $ 6,944,697 $ 20,526,367

Organization and Basis of Pre_4

Organization and Basis of Presentation - Subsidiary Ownership (Details)	Jun. 30, 2020
First Hawaiian, Inc. (FHI)
Capitalization
Outstanding common stock owned (as a percent)	100.00%

Organization and Basis of Pre_5

Organization and Basis of Presentation - Investment Securities (Details)	6 Months Ended
	Jun. 30, 2020USD ($)
Organization and Basis of Presentation.
Expectation that nonpayment of the amortized cost basis	$ 0
Allowance for credit losses for its available-for-sale debt securities	0
Accrued interest receivable related to available-for-sale investment securities	$ 9,700,000

Organization and Basis of Pre_6

Organization and Basis of Presentation - Loans and Leases (Details) $ in Millions	Jun. 30, 2020USD ($)
Organization and Basis of Presentation.
Accrued interest receivable related to loans and leases recorded separately	$ 48.7

Organization and Basis of Pre_7

Organization and Basis of Presentation - Accounting Standards Adopted (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Assets
Allowance for Credit Losses - Loans and Leases	$ 131,300	$ 192,120	$ 130,530	$ 138,535	$ 141,546	$ 141,718
Liabilities
Reserve for Unfunded Commitments	16,900
Prior to Adoption \| ASC Topic 326
Assets
Allowance for Credit Losses - Loans and Leases	130,530
Liabilities
Reserve for Unfunded Commitments	600
After Adoption \| ASC Topic 326
Assets
Allowance for Credit Losses - Loans and Leases	770
Liabilities
Reserve for Unfunded Commitments	16,300
Pretax Cumulative Effect Adjustment of a Change in Accounting Principle	17,070
Less: Income Taxes	(4,553)
Cumulative-Effect Adjustment of a Change in Accounting Principle, Net of Tax	$ 12,517

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Value of Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Available for sale debt securities
Amortized Cost	$ 5,025,433	$ 4,080,663
Unrealized Gains	111,910	18,968
Unrealized Losses	(1,568)	(23,987)
Fair value	5,135,775	4,075,644
U.S. Treasury and government agency debt securities
Available for sale debt securities
Amortized Cost	94,414	29,832
Unrealized Gains	504	56
Fair value	94,918	29,888
Government-sponsored enterprises debt securities
Available for sale debt securities
Amortized Cost		101,697
Unrealized Gains		19
Unrealized Losses		(277)
Fair value		101,439
Residential - Government agency
Available for sale debt securities
Amortized Cost	224,764	290,131
Unrealized Gains	7,853	2,224
Unrealized Losses		(1,146)
Fair value	232,617	291,209
Residential - Government-sponsored enterprises
Available for sale debt securities
Amortized Cost	375,118	395,039
Unrealized Gains	15,794	6,126
Unrealized Losses		(1,673)
Fair value	390,912	399,492
Commercial - Government agency
Available for sale debt securities
Amortized Cost	612,811
Unrealized Gains	17,324
Unrealized Losses	(456)
Fair value	629,679
Commercial - Government-sponsored enterprises
Available for sale debt securities
Amortized Cost	312,293	101,798
Unrealized Gains	10,703	555
Unrealized Losses		(634)
Fair value	322,996	101,719
Government agency
Available for sale debt securities
Amortized Cost	1,887,701	2,390,143
Unrealized Gains	39,538	7,483
Unrealized Losses	(655)	(16,348)
Fair value	1,926,584	2,381,278
Government-sponsored enterprises
Available for sale debt securities
Amortized Cost	1,518,332	772,023
Unrealized Gains	20,194	2,505
Unrealized Losses	(457)	(3,909)
Fair value	$ 1,538,069	$ 770,619

Investment Securities - Proceed

Investment Securities - Proceeds from Calls and Sales, Realized Gains and Losses and Interest Income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Proceeds from calls and sales of investment securities
Proceeds from calls of available for sale securities	$ 26.7	$ 0	$ 101.7	$ 0
Proceeds from sales of available for sale securities	539.5	42.6	543	905.6
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract]
Gross realized gains on sales of investment securities	0.5	0.1	0.6	0.1
Gross realized losses on sales of investment securities	0.8	0.1	0.8	2.7
Income tax benefit related to net realized loss on sale of investment securities	0.1		0	0.7
Income tax expense related to net realized gains on sale of investment securities		0
Interest income from taxable and nontaxable investment securities
Taxable interest income	17.5	24.8	38.7	49.3
Non-taxable interest income	$ 0	$ 0	$ 0	$ 0

Investment Securities - Contrac

Investment Securities - Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Amortized Cost
Due after one year through five years	$ 30,442
Due after ten years	63,972
Total contractual maturities	94,414
Amortized Cost	5,025,433	$ 4,080,663
Fair Value
Due after one year through five years	30,941
Due after ten years	63,977
Total contractual maturities	94,918
Fair value	5,135,775	4,075,644
Mortgage-backed securities:
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	1,524,986
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	1,576,204
Residential - Government agency
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	224,764
Amortized Cost	224,764	290,131
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	232,617
Fair value	232,617	291,209
Residential - Government-sponsored enterprises
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	375,118
Amortized Cost	375,118	395,039
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	390,912
Fair value	390,912	399,492
Commercial - Government agency
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	612,811
Amortized Cost	612,811
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	629,679
Fair value	629,679
Commercial - Government-sponsored enterprises
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	312,293
Amortized Cost	312,293	101,798
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	322,996
Fair value	322,996	101,719
Collateralized mortgage obligations
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	3,406,033
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	3,464,653
Government agency
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	1,887,701
Amortized Cost	1,887,701	2,390,143
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	1,926,584
Fair value	1,926,584	2,381,278
Government-sponsored enterprises
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	1,518,332
Amortized Cost	1,518,332	772,023
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	1,538,069
Fair value	$ 1,538,069	$ 770,619

Investment Securities - Pledged

Investment Securities - Pledged Securities and Concentration (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Pledged securities
Total pledged securities	$ 3,200,000,000	$ 1,800,000,000
Securities pledged to secure public deposits	3,001,044,000	1,543,492,000
Securities pledged to secure other financial transactions	237,200,000	242,300,000
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	Jun. 30, 2020USD ($)security	Dec. 31, 2019USD ($)security
Securities in the available-for-sale portfolio in a continuous loss position
Number of individual securities in a continuous loss position \| security	16	118
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	$ (1,489)	$ (9,658)
12 Months or More Unrealized Losses	(79)	(14,329)
Total Unrealized Losses	(1,568)	(23,987)
Time in Continuous Loss, Fair Value
Less Than 12 Months Fair Value	415,512	1,314,806
12 Months or More Fair Value	18,025	994,155
Total Fair Value	433,537	2,308,961
Government-sponsored enterprises debt securities
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses		(277)
Total Unrealized Losses		(277)
Time in Continuous Loss, Fair Value
Less Than 12 Months Fair Value		49,716
Total Fair Value		49,716
Residential - Government agency
Time in Continuous Loss, Unrealized Losses
12 Months or More Unrealized Losses		(1,146)
Total Unrealized Losses		(1,146)
Time in Continuous Loss, Fair Value
12 Months or More Fair Value		109,614
Total Fair Value		109,614
Residential - Government-sponsored enterprises
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses		(115)
12 Months or More Unrealized Losses		(1,558)
Total Unrealized Losses		(1,673)
Time in Continuous Loss, Fair Value
Less Than 12 Months Fair Value		76,481
12 Months or More Fair Value		109,025
Total Fair Value		185,506
Commercial - Government agency
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(456)
Total Unrealized Losses	(456)
Time in Continuous Loss, Fair Value
Less Than 12 Months Fair Value	90,834
Total Fair Value	90,834
Commercial - Government-sponsored enterprises
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses		(634)
Total Unrealized Losses		(634)
Time in Continuous Loss, Fair Value
Less Than 12 Months Fair Value		38,062
Total Fair Value		38,062
Government agency
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(603)	(8,049)
12 Months or More Unrealized Losses	(52)	(8,299)
Total Unrealized Losses	(655)	(16,348)
Time in Continuous Loss, Fair Value
Less Than 12 Months Fair Value	200,395	969,762
12 Months or More Fair Value	9,212	565,764
Total Fair Value	209,607	1,535,526
Government-sponsored enterprises
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(430)	(583)
12 Months or More Unrealized Losses	(27)	(3,326)
Total Unrealized Losses	(457)	(3,909)
Time in Continuous Loss, Fair Value
Less Than 12 Months Fair Value	124,283	180,785
12 Months or More Fair Value	8,813	209,752
Total Fair Value	$ 133,096	$ 390,537

Investment Securities - Visa Cl

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

12 Months Ended

Dec. 31, 2016USD ($)shares

Dec. 31, 2008USD ($)shares

Jun. 30, 2020USD ($)shares

Dec. 31, 2019USD ($)shares

Oct. 31, 2019USD ($)

Sep. 30, 2019

Sep. 27, 2019

Jun. 30, 2019

Jul. 31, 2018USD ($)

Jul. 05, 2018

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 amount 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

1.6298

1.6228

1.6298

1.6483

1.6298

1.6483

Funding Swap (Visa Derivative) | Visa

Visa Class B Restricted Shares

Estimated amount 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	Jun. 30, 2020	Dec. 31, 2019
Loans and leases
Loans and leases	$ 13,764,030	$ 13,211,650
Outstanding loan balances, deferred loan costs and fees	15,500	41,000
Residential real estate loans pledged to collateralize the borrowing capacity at the FHLB	2,900,000	2,900,000
Consumer and commercial and industrial loans pledged to collateralize the borrowing capacity at the FRB	1,800,000	953,200
Real estate
Loans and leases
Loans and leases	4,568,441	4,662,175
Commercial and Industrial
Loans and leases
Loans and leases	3,423,708	2,743,242
Commercial real estate
Loans and leases
Loans and leases	3,423,499	3,463,953
Commercial real estate \| Real estate
Loans and leases
Loans and leases	3,423,499	3,463,953
Construction
Loans and leases
Loans and leases	617,935	519,241
Construction \| Real estate
Loans and leases
Loans and leases	617,935	519,241
Residential
Loans and leases
Loans and leases		4,662,175
Real estate loans in the process of foreclosure	3,100	4,100
Residential \| Real estate
Loans and leases
Loans and leases	3,691,950	3,768,936
Consumer
Loans and leases
Loans and leases	1,492,160	1,620,556
Lease financing
Loans and leases
Loans and leases	238,287	202,483
Home equity line
Loans and leases
Loans and leases		893,239
Home equity line \| Real estate
Loans and leases
Loans and leases	876,491	893,239
Residential mortgage \| Residential
Loans and leases
Loans and leases	3,691,950	3,768,936
Home equity \| Home equity Line
Loans and leases
Loans and leases	$ 876,491	$ 893,239

Allowance for Credit Losses - A

Allowance for Credit Losses - Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Allowance for loan and lease losses:
Balance at beginning of period		$ 141,546	$ 130,530	$ 141,718
Adoption of ASU 2016-13					$ 770
Charge-offs		(9,505)	(34,803)	(18,127)
Recoveries		2,624	5,281	5,394
Increase (decrease) in Provision		3,870	90,342	9,550
Balance at end of period	$ 192,120	138,535	192,120	138,535
Commercial and Industrial
Allowance for loan and lease losses:
Balance at beginning of period	20,884	31,793	28,975	34,501
Adoption of ASU 2016-13					(16,105)
Charge-offs	(13,974)	(2,000)	(14,175)	(2,000)
Recoveries	100	25	320	62
Increase (decrease) in Provision	14,289	1,870	22,284	(875)
Balance at end of period	21,299	31,688	21,299	31,688
Commercial real estate
Allowance for loan and lease losses:
Balance at beginning of period	42,838	21,197	22,325	19,725
Adoption of ASU 2016-13					10,559
Charge-offs	(2,723)		(2,723)
Recoveries		32		63
Increase (decrease) in Provision	13,007	975	22,961	2,416
Balance at end of period	53,122	22,204	53,122	22,204
Construction
Allowance for loan and lease losses:
Balance at beginning of period	8,824	5,381	4,844	5,813
Adoption of ASU 2016-13					(1,803)
Charge-offs	(379)		(379)
Recoveries	30		140
Increase (decrease) in Provision	(3,199)	(367)	2,474	(799)
Balance at end of period	5,276	5,014	5,276	5,014
Lease financing
Allowance for loan and lease losses:
Balance at beginning of period	851	411	424	432
Adoption of ASU 2016-13					207
Charge-offs				(24)
Increase (decrease) in Provision	2,986	35	3,206	38
Balance at end of period	3,837	446	3,837	446
Residential
Allowance for loan and lease losses:
Balance at beginning of period			39,179
Consumer
Allowance for loan and lease losses:
Balance at beginning of period	56,039	35,099	34,644	35,813
Adoption of ASU 2016-13					15,575
Charge-offs	(8,907)	(7,505)	(17,504)	(16,103)
Recoveries	2,456	2,382	4,539	4,834
Increase (decrease) in Provision	17,489	3,662	29,823	9,094
Balance at end of period	67,077	33,638	67,077	33,638
Unallocated
Allowance for loan and lease losses:
Balance at beginning of period	166,013	2,754	139	528
Adoption of ASU 2016-13					(139)
Charge-offs	(25,997)
Recoveries	2,611
Increase (decrease) in Provision	49,493	(629)		1,597
Balance at end of period	192,120	2,125	192,120	2,125
Residential mortgage
Allowance for loan and lease losses:
Balance at beginning of period			29,303
Adoption of ASU 2016-13					(2,793)
Charge-offs			(14)
Recoveries			152
Increase (decrease) in Provision			7,226
Balance at end of period	33,874		33,874
Residential mortgage \| Residential
Allowance for loan and lease losses:
Balance at beginning of period	30,021	44,911		44,906
Charge-offs	(14)
Recoveries	17	185		435
Increase (decrease) in Provision	3,850	(1,676)		(1,921)
Balance at end of period	33,874	$ 43,420	33,874	$ 43,420
Home equity
Allowance for loan and lease losses:
Balance at beginning of period			9,876
Adoption of ASU 2016-13					$ (4,731)
Charge-offs			(8)
Recoveries			130
Increase (decrease) in Provision			2,368
Balance at end of period	7,635		7,635
Home equity \| Residential
Allowance for loan and lease losses:
Balance at beginning of period	6,556
Recoveries	8
Increase (decrease) in Provision	1,071
Balance at end of period	$ 7,635		$ 7,635

Allowance for Credit Losses - D

Allowance for Credit Losses - Disaggregation of ACL by Impairment Methodology (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Jan. 01, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Allowance for loan and lease losses:
Individually evaluated for impairment				$ 203
Collectively evaluated for impairment				130,327
Total allowance for loan and lease losses	$ 192,120		$ 131,300	130,530	$ 138,535	$ 141,546	$ 141,718
Loans and leases:
Individually evaluated for impairment				20,638
Collectively evaluated for impairment				13,191,012
Total loans and leases	13,764,030			13,211,650
Commercial and Industrial
Allowance for loan and lease losses:
Individually evaluated for impairment				46
Collectively evaluated for impairment				28,929
Total allowance for loan and lease losses	21,299	$ 20,884		28,975	31,688	31,793	34,501
Loans and leases:
Individually evaluated for impairment				4,951
Collectively evaluated for impairment				2,738,291
Total loans and leases	3,423,708			2,743,242
Commercial real estate
Allowance for loan and lease losses:
Individually evaluated for impairment				27
Collectively evaluated for impairment				22,298
Total allowance for loan and lease losses	53,122	42,838		22,325	22,204	21,197	19,725
Loans and leases:
Individually evaluated for impairment				723
Collectively evaluated for impairment				3,463,230
Total loans and leases	3,423,499			3,463,953
Construction
Allowance for loan and lease losses:
Collectively evaluated for impairment				4,844
Total allowance for loan and lease losses	5,276	8,824		4,844	5,014	5,381	5,813
Loans and leases:
Collectively evaluated for impairment				519,241
Total loans and leases	617,935			519,241
Lease financing
Allowance for loan and lease losses:
Collectively evaluated for impairment				424
Total allowance for loan and lease losses	3,837	851		424	446	411	432
Loans and leases:
Collectively evaluated for impairment				202,483
Total loans and leases	238,287			202,483
Residential
Allowance for loan and lease losses:
Individually evaluated for impairment				130
Collectively evaluated for impairment				39,049
Total allowance for loan and lease losses				39,179
Loans and leases:
Individually evaluated for impairment				14,964
Collectively evaluated for impairment				4,647,211
Total loans and leases				4,662,175
Consumer
Allowance for loan and lease losses:
Collectively evaluated for impairment				34,644
Total allowance for loan and lease losses	67,077	56,039		34,644	33,638	35,099	35,813
Loans and leases:
Collectively evaluated for impairment				1,620,556
Total loans and leases	1,492,160			1,620,556
Unallocated
Allowance for loan and lease losses:
Collectively evaluated for impairment				139
Total allowance for loan and lease losses	$ 192,120	$ 166,013		$ 139	$ 2,125	$ 2,754	$ 528

Allowance for Credit Losses - R

Allowance for Credit Losses - Reserve for Unfunded Commitments (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Reserve for unfunded commitments:
Adoption of ASU 2016-13			$ 770
Commercial and Industrial
Reserve for unfunded commitments:
Adoption of ASU 2016-13			(16,105)
Commercial real estate
Reserve for unfunded commitments:
Adoption of ASU 2016-13			10,559
Construction
Reserve for unfunded commitments:
Adoption of ASU 2016-13			(1,803)
Lease financing
Reserve for unfunded commitments:
Adoption of ASU 2016-13			207
Consumer
Reserve for unfunded commitments:
Adoption of ASU 2016-13			15,575
Reserve for unfunded commitments
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	$ 17,251	$ 600
Adoption of ASU 2016-13			16,300
Increase (decrease) in Provision	5,953	6,304
Reserve for unfunded commitments, ending balance	23,204	23,204
Reserve for unfunded commitments \| Commercial and Industrial
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	4,791
Adoption of ASU 2016-13			5,390
Increase (decrease) in Provision	3,390	2,791
Reserve for unfunded commitments, ending balance	8,181	8,181
Reserve for unfunded commitments \| Commercial real estate
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	696
Adoption of ASU 2016-13			778
Increase (decrease) in Provision	472	390
Reserve for unfunded commitments, ending balance	1,168	1,168
Reserve for unfunded commitments \| Construction
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	4,813
Adoption of ASU 2016-13			4,119
Increase (decrease) in Provision	1,095	1,789
Reserve for unfunded commitments, ending balance	5,908	5,908
Reserve for unfunded commitments \| Residential mortgage
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	1
Adoption of ASU 2016-13			7
Increase (decrease) in Provision	2	(4)
Reserve for unfunded commitments, ending balance	3	3
Reserve for unfunded commitments \| Home equity
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	6,927
Adoption of ASU 2016-13			6,587
Increase (decrease) in Provision	963	1,303
Reserve for unfunded commitments, ending balance	7,890	7,890
Reserve for unfunded commitments \| Consumer
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	23	600
Adoption of ASU 2016-13			$ (581)
Increase (decrease) in Provision	31	35
Reserve for unfunded commitments, ending balance	$ 54	$ 54

Allowance for Credit Losses -_2

Allowance for Credit Losses - Amortized Cost Basis by Year of Origination and Credit Quality Indicator (Details) $ in Thousands	Jun. 30, 2020USD ($)
Residential and consumer
Credit quality
2020	$ 1,829,003
2019	2,268,378
2018	1,874,257
2017	1,450,025
2016	994,336
Prior	2,580,223
Revolving Loans Amortized Cost Basis	2,722,313
Revolving Loans Converted to Term Loans Amortized Cost Basis	45,495
Total	13,764,030
Residential
Credit quality
2020	383,040
2019	540,465
2018	481,337
2017	542,777
2016	448,922
Prior	1,294,327
Revolving Loans Amortized Cost Basis	873,142
Revolving Loans Converted to Term Loans Amortized Cost Basis	4,431
Total	4,568,441
Consumer
Credit quality
2020	148,811
2019	364,552
2018	286,738
2017	185,424
2016	92,919
Prior	44,397
Revolving Loans Amortized Cost Basis	369,319
Total	1,492,160
Consumer \| 740 and greater
Credit quality
2020	65,206
2019	141,704
2018	120,178
2017	71,525
2016	35,932
Prior	12,451
Revolving Loans Amortized Cost Basis	109,702
Total	556,698
Consumer \| 680 - 739
Credit quality
2020	47,584
2019	109,728
2018	87,056
2017	48,728
2016	24,478
Prior	10,094
Revolving Loans Amortized Cost Basis	83,021
Total	410,689
Consumer \| 620 - 679
Credit quality
2020	24,185
2019	65,310
2018	43,282
2017	31,318
2016	16,144
Prior	7,013
Revolving Loans Amortized Cost Basis	42,511
Total	229,763
Consumer \| 550 - 619
Credit quality
2020	5,881
2019	26,220
2018	22,891
2017	20,874
2016	10,869
Prior	5,467
Revolving Loans Amortized Cost Basis	18,429
Total	110,631
Consumer \| Less than 550
Credit quality
2020	1,562
2019	12,306
2018	13,110
2017	10,628
2016	5,397
Prior	2,567
Revolving Loans Amortized Cost Basis	7,777
Total	53,347
Consumer \| No Score
Credit quality
2020	3,799
2019	124
2018	125
2017	126
2016	27
Prior	1
Revolving Loans Amortized Cost Basis	34,281
Total	38,483
Consumer \| Other
Credit quality
2020	594
2019	9,160
2018	96
2017	2,225
2016	72
Prior	6,804
Revolving Loans Amortized Cost Basis	73,598
Total	92,549
Home equity line
Credit quality
Revolving Loans Amortized Cost Basis	872,563
Revolving Loans Converted to Term Loans Amortized Cost Basis	3,928
Total	876,491
Home equity line \| 740 and greater
Credit quality
Revolving Loans Amortized Cost Basis	626,897
Revolving Loans Converted to Term Loans Amortized Cost Basis	858
Total	627,755
Home equity line \| 680 - 739
Credit quality
Revolving Loans Amortized Cost Basis	169,547
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,283
Total	170,830
Home equity line \| 620 - 679
Credit quality
Revolving Loans Amortized Cost Basis	48,655
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,013
Total	49,668
Home equity line \| 550 - 619
Credit quality
Revolving Loans Amortized Cost Basis	14,276
Revolving Loans Converted to Term Loans Amortized Cost Basis	562
Total	14,838
Home equity line \| Less than 550
Credit quality
Revolving Loans Amortized Cost Basis	6,661
Revolving Loans Converted to Term Loans Amortized Cost Basis	212
Total	6,873
Home equity line \| No Score
Credit quality
Revolving Loans Amortized Cost Basis	6,527
Total	6,527
Commercial and Industrial
Credit quality
2020	1,043,349
2019	376,881
2018	294,811
2017	87,467
2016	69,968
Prior	106,241
Revolving Loans Amortized Cost Basis	1,403,927
Revolving Loans Converted to Term Loans Amortized Cost Basis	41,064
Total	3,423,708
Commercial and Industrial \| Pass
Credit quality
2020	989,501
2019	349,261
2018	271,941
2017	76,742
2016	62,113
Prior	68,468
Revolving Loans Amortized Cost Basis	1,182,299
Revolving Loans Converted to Term Loans Amortized Cost Basis	39,617
Total	3,039,942
Commercial and Industrial \| Special mention
Credit quality
2020	28,136
2019	9,235
2018	8,460
2017	841
2016	335
Prior	27,174
Revolving Loans Amortized Cost Basis	113,642
Revolving Loans Converted to Term Loans Amortized Cost Basis	509
Total	188,332
Commercial and Industrial \| Substandard
Credit quality
2020	16,621
2019	1,724
2018	1,836
2017	2,000
2016	4,321
Prior	9,788
Revolving Loans Amortized Cost Basis	52,225
Revolving Loans Converted to Term Loans Amortized Cost Basis	938
Total	89,453
Commercial and Industrial \| Other
Credit quality
2020	9,091
2019	16,661
2018	12,574
2017	7,884
2016	3,199
Prior	811
Revolving Loans Amortized Cost Basis	55,761
Total	105,981
Commercial real estate
Credit quality
2020	171,445
2019	748,091
2018	591,157
2017	504,369
2016	350,894
Prior	1,011,696
Revolving Loans Amortized Cost Basis	45,847
Total	3,423,499
Commercial real estate \| Pass
Credit quality
2020	171,445
2019	618,501
2018	523,149
2017	440,549
2016	296,474
Prior	927,232
Revolving Loans Amortized Cost Basis	33,878
Total	3,011,228
Commercial real estate \| Special mention
Credit quality
2019	113,286
2018	53,391
2017	62,165
2016	47,790
Prior	66,008
Revolving Loans Amortized Cost Basis	2,999
Total	345,639
Commercial real estate \| Substandard
Credit quality
2019	16,304
2018	14,617
2017	1,655
2016	6,630
Prior	17,947
Revolving Loans Amortized Cost Basis	8,970
Total	66,123
Commercial real estate \| Other
Credit quality
Prior	509
Total	509
Construction
Credit quality
2020	25,030
2019	167,001
2018	203,255
2017	108,321
2016	26,429
Prior	57,821
Revolving Loans Amortized Cost Basis	30,078
Total	617,935
Construction \| Pass
Credit quality
2020	16,615
2019	135,963
2018	192,016
2017	96,137
2016	24,106
Prior	41,457
Revolving Loans Amortized Cost Basis	29,297
Total	535,591
Construction \| Special mention
Credit quality
2018	2,152
2017	4,782
Prior	10,850
Revolving Loans Amortized Cost Basis	196
Total	17,980
Construction \| Substandard
Credit quality
2018	541
2017	1,840
2016	528
Prior	1,000
Total	3,909
Construction \| Other
Credit quality
2020	8,415
2019	31,038
2018	8,546
2017	5,562
2016	1,795
Prior	4,514
Revolving Loans Amortized Cost Basis	585
Total	60,455
Lease financing
Credit quality
2020	57,328
2019	71,388
2018	16,959
2017	21,667
2016	5,204
Prior	65,741
Total	238,287
Lease financing \| Pass
Credit quality
2020	45,489
2019	67,806
2018	11,965
2017	18,915
2016	3,764
Prior	59,364
Total	207,303
Lease financing \| Special mention
Credit quality
2020	9,142
2019	1,931
2018	4,626
2017	1,545
2016	1,440
Prior	5,854
Total	24,538
Lease financing \| Substandard
Credit quality
2020	2,697
2019	1,651
2018	368
2017	1,207
Prior	523
Total	6,446
Commercial Lending
Credit quality
2020	1,297,152
2019	1,363,361
2018	1,106,182
2017	721,824
2016	452,495
Prior	1,241,499
Revolving Loans Amortized Cost Basis	1,479,852
Revolving Loans Converted to Term Loans Amortized Cost Basis	41,064
Total	7,703,429
Residential mortgage
Credit quality
2020	383,040
2019	540,465
2018	481,337
2017	542,777
2016	448,922
Prior	1,294,327
Revolving Loans Amortized Cost Basis	579
Revolving Loans Converted to Term Loans Amortized Cost Basis	503
Total	3,691,950
Residential mortgage \| 740 and greater
Credit quality
2020	300,079
2019	411,883
2018	353,197
2017	411,670
2016	362,197
Prior	988,771
Total	2,827,797
Residential mortgage \| 680 - 739
Credit quality
2020	50,937
2019	72,139
2018	64,920
2017	65,992
2016	43,666
Prior	161,897
Total	459,551
Residential mortgage \| 620 - 679
Credit quality
2020	6,098
2019	12,708
2018	12,060
2017	12,648
2016	10,789
Prior	55,000
Total	109,303
Residential mortgage \| 550 - 619
Credit quality
2020	2,006
2019	1,824
2018	3,533
2017	3,389
2016	3,032
Prior	13,329
Total	27,113
Residential mortgage \| Less than 550
Credit quality
2018	1,204
2017	1,907
2016	528
Prior	6,324
Total	9,963
Residential mortgage \| No Score
Credit quality
2020	15,676
2019	21,603
2018	24,182
2017	23,736
2016	16,298
Prior	51,943
Total	153,438
Residential mortgage \| Other
Credit quality
2020	8,244
2019	20,308
2018	22,241
2017	23,435
2016	12,412
Prior	17,063
Revolving Loans Amortized Cost Basis	579
Revolving Loans Converted to Term Loans Amortized Cost Basis	503
Total	$ 104,785

Allowance for Credit Losses -_3

Allowance for Credit Losses - Amortized Cost Basis of Revolving Loans that Were Converted to Term Loans (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Credit quality
Total Revolving Loans Converted to Term Loans During the Period	$ 4,222	$ 32,746
Commercial and Industrial
Credit quality
Total Revolving Loans Converted to Term Loans During the Period	294	28,522
Home equity Line
Credit quality
Total Revolving Loans Converted to Term Loans During the Period	$ 3,928	3,928
Residential Mortgage.
Credit quality
Total Revolving Loans Converted to Term Loans During the Period		$ 296

Allowance for Credit Losses - C

Allowance for Credit Losses - Credit Risk Profiles by Internally Assigned Grade (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Credit quality
Loans and leases	$ 13,764,030,000	$ 13,211,650,000
Loss
Credit quality
Loans and leases	0	0
Commercial and Industrial
Credit quality
Loans and leases	3,423,708,000	2,743,242,000
Commercial and Industrial \| Loans graded
Credit quality
Loans and leases		2,743,242,000
Commercial and Industrial \| Pass
Credit quality
Loans and leases		2,585,908,000
Commercial and Industrial \| Special mention
Credit quality
Loans and leases		91,365,000
Commercial and Industrial \| Substandard
Credit quality
Loans and leases		65,969,000
Commercial real estate
Credit quality
Loans and leases	3,423,499,000	3,463,953,000
Commercial real estate \| Loans graded
Credit quality
Loans and leases		3,463,953,000
Commercial real estate \| Pass
Credit quality
Loans and leases		3,327,659,000
Commercial real estate \| Special mention
Credit quality
Loans and leases		106,331,000
Commercial real estate \| Substandard
Credit quality
Loans and leases		29,963,000
Construction
Credit quality
Loans and leases	617,935,000	519,241,000
Construction \| Loans graded
Credit quality
Loans and leases		519,241,000
Construction \| Pass
Credit quality
Loans and leases		515,993,000
Construction \| Special mention
Credit quality
Loans and leases		127,000
Construction \| Substandard
Credit quality
Loans and leases		3,121,000
Lease financing
Credit quality
Loans and leases	$ 238,287,000	202,483,000
Lease financing \| Loans graded
Credit quality
Loans and leases		202,483,000
Lease financing \| Pass
Credit quality
Loans and leases		201,461,000
Lease financing \| Special mention
Credit quality
Loans and leases		1,022,000
Commercial Lending \| Loans graded
Credit quality
Loans and leases		6,928,919,000
Commercial Lending \| Pass
Credit quality
Loans and leases		6,631,021,000
Commercial Lending \| Special mention
Credit quality
Loans and leases		198,845,000
Commercial Lending \| Substandard
Credit quality
Loans and leases		$ 99,053,000

Allowance for Credit Losses -_4

Allowance for Credit Losses - Credit Risk Profiles Based on Payment Activity, Not Subject to Loan Grading (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases	$ 13,764,030	$ 13,211,650
Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		226,304
Consumer loans \| Performing
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		219,046
Consumer loans \| Non-performing and delinquent
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		7,258
Residential and consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		6,282,731
Residential and consumer \| Performing
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		6,229,130
Residential and consumer \| Non-performing and delinquent
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		53,601
Residential
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		4,662,175
Residential \| Residential mortgage
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases	3,691,950	3,768,936
Home equity Line \| Home equity
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases	876,491	893,239
Consumer
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases	1,492,160	1,620,556
Consumer \| Consumer loans
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases	$ 1,492,160	1,620,556
Consumer \| Consumer - Auto
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		1,040,468
Consumer \| Consumer - Auto \| Performing
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		1,016,142
Consumer \| Consumer - Auto \| Non-performing and delinquent
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		24,326
Consumer \| Credit Cards
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		353,784
Consumer \| Credit Cards \| Performing
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		347,264
Consumer \| Credit Cards \| Non-performing and delinquent
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		6,520
Residential Mortgage.
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		3,768,936
Residential Mortgage. \| Performing
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		3,759,799
Residential Mortgage. \| Non-performing and delinquent
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		9,137
Home equity line
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		893,239
Home equity line \| Performing
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		886,879
Home equity line \| Non-performing and delinquent
Loans and Leases Receivable Disclosure [Line Items]
Loans and leases		$ 6,360

Allowance for Credit Losses -_5

Allowance for Credit Losses - Aging of Analysis of Past Due Loans and Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financing Receivable, Recorded Investment, Past Due
Total Past Due	$ 52,960	$ 58,126
Current	13,711,070	13,148,056
Total Accruing Loans and Leases		13,206,182
Total Non Accruing Loans and Leases		5,468
Total loans and leases	13,764,030	13,211,650
30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	23,757	36,228
60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	12,067	9,748
Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	17,136	12,150
Total Accruing Loans and Leases	10,120
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Total Past Due	7,410	3,762
Current	3,416,298	2,739,448
Total Accruing Loans and Leases		2,743,210
Total Non Accruing Loans and Leases		32
Total loans and leases	3,423,708	2,743,242
Commercial and Industrial \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	2,535	1,525
Commercial and Industrial \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	2,501	808
Commercial and Industrial \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	2,374	1,429
Total Accruing Loans and Leases	2,309
Commercial real estate
Financing Receivable, Recorded Investment, Past Due
Total Past Due	4,510	3,802
Current	3,418,989	3,460,121
Total Accruing Loans and Leases		3,463,923
Total Non Accruing Loans and Leases		30
Total loans and leases	3,423,499	3,463,953
Commercial real estate \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	2,761	1,664
Commercial real estate \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	94	1,125
Commercial real estate \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	1,655	1,013
Total Accruing Loans and Leases	900
Construction
Financing Receivable, Recorded Investment, Past Due
Total Past Due	5,029	2,367
Current	612,906	516,874
Total Accruing Loans and Leases		519,241
Total loans and leases	617,935	519,241
Construction \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	2,737
Construction \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	2,292	2,367
Total Accruing Loans and Leases	248
Lease financing
Financing Receivable, Recorded Investment, Past Due
Current	238,287	202,483
Total Accruing Loans and Leases		202,483
Total loans and leases	238,287	202,483
Residential
Financing Receivable, Recorded Investment, Past Due
Total loans and leases		4,662,175
Consumer
Financing Receivable, Recorded Investment, Past Due
Total loans and leases	1,492,160	1,620,556
Residential mortgage \| Residential
Financing Receivable, Recorded Investment, Past Due
Total Past Due	11,560	3,731
Current	3,680,390	3,759,799
Total Accruing Loans and Leases		3,763,530
Total Non Accruing Loans and Leases		5,406
Total loans and leases	3,691,950	3,768,936
Residential mortgage \| Residential \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	2,630	3,258
Residential mortgage \| Residential \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	4,778	399
Residential mortgage \| Residential \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	4,152	74
Home equity \| Home equity Line
Financing Receivable, Recorded Investment, Past Due
Total Past Due	8,128	6,360
Current	868,363	886,879
Total Accruing Loans and Leases		893,239
Total loans and leases	876,491	893,239
Home equity \| Home equity Line \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	2,041	2,971
Home equity \| Home equity Line \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	1,591	394
Home equity \| Home equity Line \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	4,496	2,995
Total Accruing Loans and Leases	4,496
Consumer loans
Financing Receivable, Recorded Investment, Past Due
Total loans and leases		226,304
Consumer loans \| Consumer
Financing Receivable, Recorded Investment, Past Due
Total Past Due	16,323	38,104
Current	1,475,837	1,582,452
Total Accruing Loans and Leases		1,620,556
Total loans and leases	1,492,160	1,620,556
Consumer loans \| Consumer \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	11,053	26,810
Consumer loans \| Consumer \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	3,103	7,022
Consumer loans \| Consumer \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Total Past Due	2,167	$ 4,272
Total Accruing Loans and Leases	$ 2,167

Allowance for Credit Losses -_6

Allowance for Credit Losses - Amortized Cost Basis of Loans and Leases on Nonaccrual Status (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Jan. 01, 2020
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases With No Allowance for Credit Losses	$ 27,897	$ 27,897
Nonaccrual Loans and Leases	32,829	32,829	$ 5,468
Interest income on nonaccrual loans	100	100
Accrued interest receivables written off, Interest income reversed	500	900
Commercial and Industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases With No Allowance for Credit Losses	11,494	11,494
Nonaccrual Loans and Leases	11,559	11,559	32
Commercial real estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases With No Allowance for Credit Losses	13,088	13,088
Nonaccrual Loans and Leases	13,168	13,168	30
Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases With No Allowance for Credit Losses	1,840	1,840
Nonaccrual Loans and Leases	2,043	2,043
Residential
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases With No Allowance for Credit Losses	1,475	1,475
Nonaccrual Loans and Leases	$ 6,059	$ 6,059	$ 5,406

Allowance for Credit Losses -_7

Allowance for Credit Losses - Collateral-Dependent Loans and Leases (Details) $ in Millions	Jun. 30, 2020USD ($)
Allowance for Credit Losses
Amortized cost basis of collateral dependent loans	$ 55.9

Allowance for Credit Losses - I

Allowance for Credit Losses - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Dec. 31, 2019
Recorded Investment
Impaired loans with no related allowance recorded			$ 14,280
Impaired loans with a related allowance recorded			6,358
Total impaired loans			20,638
Unpaid Principal Balance
Impaired loans with no related allowance recorded			14,589
Impaired loans with a related allowance recorded			6,638
Total impaired loans			21,227
Related Allowance, Impaired loans			203
Average Recorded Investment
Impaired loans with no related allowance recorded	$ 14,883	$ 16,114
Impaired loans with a related allowance recorded	13,580	13,053
Total impaired loans	28,463	29,167
Interest Income Recognized
Impaired loans with no related allowance recorded	226	578
Impaired loans with a related allowance recorded	174	336
Total impaired loans	400	914
Commercial and Industrial
Recorded Investment
Impaired loans with no related allowance recorded			3,825
Impaired loans with a related allowance recorded			1,126
Total impaired loans			4,951
Unpaid Principal Balance
Impaired loans with no related allowance recorded			3,841
Impaired loans with a related allowance recorded			1,126
Total impaired loans			4,967
Related Allowance, Impaired loans			46
Average Recorded Investment
Impaired loans with no related allowance recorded	3,833	4,038
Impaired loans with a related allowance recorded	5,645	5,187
Total impaired loans	9,478	9,225
Interest Income Recognized
Impaired loans with no related allowance recorded	94	175
Impaired loans with a related allowance recorded	61	117
Total impaired loans	155	292
Commercial real estate
Recorded Investment
Impaired loans with no related allowance recorded			30
Impaired loans with a related allowance recorded			693
Total impaired loans			723
Unpaid Principal Balance
Impaired loans with no related allowance recorded			30
Impaired loans with a related allowance recorded			693
Total impaired loans			723
Related Allowance, Impaired loans			27
Average Recorded Investment
Impaired loans with no related allowance recorded	3,102	3,740
Impaired loans with a related allowance recorded	715	719
Total impaired loans	3,817	4,459
Interest Income Recognized
Impaired loans with no related allowance recorded	40	212
Impaired loans with a related allowance recorded	10	20
Total impaired loans	50	232
Residential
Recorded Investment
Impaired loans with no related allowance recorded			10,425
Impaired loans with a related allowance recorded			4,539
Total impaired loans			14,964
Unpaid Principal Balance
Impaired loans with no related allowance recorded			10,718
Impaired loans with a related allowance recorded			4,819
Total impaired loans			15,537
Related Allowance, Impaired loans			$ 130
Average Recorded Investment
Impaired loans with no related allowance recorded	7,948	8,336
Impaired loans with a related allowance recorded	7,220	7,147
Total impaired loans	15,168	15,483
Interest Income Recognized
Impaired loans with no related allowance recorded	92	191
Impaired loans with a related allowance recorded	103	199
Total impaired loans	$ 195	$ 390

Allowance for Credit Losses - T

Allowance for Credit Losses - Troubled Debt Restructuring Modifications (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)loancontract	Jun. 30, 2019USD ($)contract	Jun. 30, 2020USD ($)loancontract	Jun. 30, 2019USD ($)contract	Dec. 31, 2019USD ($)contractloan
Troubled debt restructuring modifications
Number of Contracts \| contract	1	5	1	5
Recorded Investment	$ 500,000	$ 1,257,000	$ 500,000	$ 1,257,000
Related Allowance			30,000	$ 55,000
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	6,300,000,000		6,300,000,000		$ 6,100,000,000
Commitments related to borrowers who had loan terms modified in a TDR	0		0		4,500,000
Loans modified in TDRs that experienced a payment default
Current	13,711,070,000		13,711,070,000		13,148,056,000
Total loans and leases	$ 13,764,030,000		$ 13,764,030,000		13,211,650,000
Number of residential mortgage loans collateralized by real estate property and modified in a TDR in the process of foreclosure \| loan	0		0
Commercial and Industrial
Troubled debt restructuring modifications
Number of Contracts \| contract	1	4	1	4
Recorded Investment	$ 500,000	$ 906,000	$ 500,000	$ 906,000
Related Allowance			30,000	$ 41,000
Loans modified in TDRs that experienced a payment default
Current	3,416,298,000		3,416,298,000		2,739,448,000
Total loans and leases	3,423,708,000		3,423,708,000		2,743,242,000
Commercial real estate
Loans modified in TDRs that experienced a payment default
Current	3,418,989,000		3,418,989,000		3,460,121,000
Total loans and leases	3,423,499,000		3,423,499,000		3,463,953,000
Lease financing
Loans modified in TDRs that experienced a payment default
Current	238,287,000		238,287,000		202,483,000
Total loans and leases	$ 238,287,000		$ 238,287,000		202,483,000
Residential
Troubled debt restructuring modifications
Period of time monthly payments are lowered to accommodate borrowers' financial needs			2 years
Number of Contracts \| contract		1		1
Recorded Investment		$ 351,000		$ 351,000
Related Allowance				$ 14,000
Loans modified in TDRs that experienced a payment default
Total loans and leases					$ 4,662,175,000
Residential \| Real estate property held from foreclosed TDR
Loans modified in TDRs that experienced a payment default
Number of real estate properties \| loan	1		1		2
Real estate property held from a foreclosed TDR	$ 400,000		$ 400,000		$ 300,000
Consumer
Loans modified in TDRs that experienced a payment default
Total loans and leases	$ 1,492,160,000		$ 1,492,160,000		1,620,556,000
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
Loans modified in TDRs that experienced a payment default
Total loans and leases					893,239,000
Construction
Loans modified in TDRs that experienced a payment default
Current	$ 612,906,000		$ 612,906,000		516,874,000
Total loans and leases	617,935,000		617,935,000		519,241,000
Residential Mortgage.
Loans modified in TDRs that experienced a payment default
Total loans and leases					$ 3,768,936,000
Number of residential mortgage loans collateralized by real estate property and modified in a TDR in the process of foreclosure \| contract					1
Residential mortgage loans collateralized by real estate property and modified in a TDR in the process of foreclosure					$ 300,000
Commitments to extend credit
Troubled debt restructuring modifications
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	6,097,646,000		6,097,646,000		5,907,690,000
Standby letters of credit
Troubled debt restructuring modifications
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	175,009,000		175,009,000		181,412,000
Commercial Letters of credit
Troubled debt restructuring modifications
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	$ 3,131,000		$ 3,131,000		$ 7,334,000

Mortgage Servicing Rights - Loa

Mortgage Servicing Rights - Loans, Fees, Amortization and Carrying Value (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Other Intangible Assets
Unpaid principal amount of consumer loans serviced for others	$ 2,400,000		$ 2,400,000		$ 2,300,000
Contractually specified fees, late charges, and ancillary fees	1,400	$ 1,600	2,900	$ 3,200
Amortization of mortgage servicing rights	1,299	842	3,279	1,606
MSRs
Other Intangible Assets
Amortization of mortgage servicing rights	1,300	$ 800	3,300	$ 1,600
Estimated future amortization expenses for MSRs, next five years
Under one year	2,687		2,687
2021	2,088		2,088
2022	1,625		1,625
2023	1,292		1,292
2024	1,046		1,046
Details of MSRs
Gross carrying amount	65,686		65,686		63,480
Less: accumulated amortization	54,091		54,091		50,812
Net carrying value	$ 11,595		$ 11,595		$ 12,668

Mortgage Servicing Rights - Cha

Mortgage Servicing Rights - Changes in Amortized MSRs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Changes in amortized mortgage servicing rights
Balance at beginning of period	$ 11,979	$ 15,399	$ 12,668	$ 16,155
Originations	915	16	2,206	24
Amortization	(1,299)	(842)	(3,279)	(1,606)
Balance at end of period	11,595	14,573	11,595	14,573
Fair value of amortized MSRs at beginning of period	17,615	26,383	20,329	27,662
Fair value of amortized MSRs at end of period	15,159	23,398	15,159	23,398
Impairment of MSRs recorded	$ 0	$ 0	$ 0	$ 0

Mortgage Servicing Rights - Qua

Mortgage Servicing Rights - Quantitative Assumptions Used for MSRs (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Minimum
Quantitative assumptions used in determining lower of cost or fair value of MSRs
Conditional prepayment rate (as a percent)	14.35%	10.74%
Life in years (of the MSR)	1 year 11 months 1 day	2 years 14 days
Weighted-average coupon rate (as a percent)	3.87%	3.96%
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)	24.33%	23.39%
Life in years (of the MSR)	5 years 8 months 19 days	6 years 3 months 29 days
Weighted-average coupon rate (as a percent)	7.11%	7.26%
Discount rate (as a percent)	10.00%	10.01%
Weighted Average
Quantitative assumptions used in determining lower of cost or fair value of MSRs
Conditional prepayment rate (as a percent)	16.64%	11.10%
Life in years (of the MSR)	4 years 5 months 12 days	5 years 11 months 26 days
Weighted-average coupon rate (as a percent)	3.96%	4.01%
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	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Carrying amounts of the assets pledged as collateral
Public deposits	$ 3,001,044	$ 1,543,492
Federal Home Loan Bank	2,919,854	2,928,581
Federal Reserve Bank	1,759,853	953,169
ACH transactions	145,263	155,360
Interest rate swaps	57,036	43,296
Total	7,883,050	5,623,898
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	Jun. 30, 2020	Dec. 31, 2019
U.S.:
Interest-bearing	$ 11,705,106	$ 9,782,957
Noninterest-bearing	6,081,910	5,188,696
Foreign:
Interest-bearing	776,437	781,965
Noninterest-bearing	798,181	691,376
Total deposits	$ 19,361,634	$ 16,444,994

Deposits - Maturity Distributio

Deposits - Maturity Distribution of Time Certificates of Deposits (Details) $ in Thousands	Jun. 30, 2020USD ($)
Maturity distribution of time certificates of deposit
Three months or less	$ 1,312,656
Over three through six months	433,721
Over six through twelve months	1,118,227
2021	346,122
2022	158,369
2023	93,559
2024	40,169
Thereafter	3,842
Total	3,506,665
Under $250,000
Maturity distribution of time certificates of deposit
Three months or less	186,536
Over three through six months	184,540
Over six through twelve months	409,875
2021	118,555
2022	103,852
2023	82,868
2024	32,572
Thereafter	442
Total	1,119,240
$250,000 or More
Maturity distribution of time certificates of deposit
Three months or less	1,126,120
Over three through six months	249,181
Over six through twelve months	708,352
2021	227,567
2022	54,517
2023	10,691
2024	7,597
Thereafter	3,400
Total	$ 2,387,425

Deposits - Time Certificate Den

Deposits - Time Certificate Denominations and Overdrawn Accounts (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Deposits
Time certificates of deposit in denominations of $250,000 or more, in the aggregate	$ 2,400	$ 1,400
Overdrawn deposit accounts classified as loans	$ 2.1	$ 3.6

Short-Term Borrowings - Compone

Short-Term Borrowings - Components and Selected Information (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Short-term borrowings
Short-term borrowings	$ 200,000	$ 400,000
Federal Reserve Bank line of credit
Short-term borrowings
Available remaining borrowing capacity	982,000	596,800
FHLB fixed-rate advances
Short-term borrowings
Short-term borrowings	$ 200,000	$ 400,000
Annual interest rate	2.88%	2.84%
Available remaining borrowing capacity	$ 1,900,000	$ 1,700,000

Long-Term Borrowings - Componen

Long-Term Borrowings - Components (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Long-term borrowings
Finance lease liabilities	$ 19	$ 19
Long-term borrowings	$ 200,019	$ 200,019
Finance lease obligation, annual interest rate	6.78%	6.78%
FHLB fixed-rate advances
Long-term borrowings
Long-term borrowings	$ 200,000	$ 200,000
Weighted average interest rate	2.73%	2.73%

Long-Term Borrowings - Future C

Long-Term Borrowings - Future Contractual Principal Payments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Future contractual principal payments and maturities on long term borrowings
2020	$ 9
2021	10
2023	100,000
2024	100,000
Total	200,019	$ 200,019
FHLB fixed-rate advances
Future contractual principal payments and maturities on long term borrowings
Total	$ 200,000	$ 200,000
FHLB fixed-rate advances \| December 4, 2020
Future contractual principal payments and maturities on long term borrowings
Interest rate (as a percent)	2.80%
FHLB fixed-rate advances \| January 15, 2021
Future contractual principal payments and maturities on long term borrowings
Interest rate (as a percent)	2.65%

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Changes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Pre-tax Amount
Other comprehensive income	$ 66,282	$ 64,007	$ 115,361	$ 137,143
Income Tax Benefit (Expense)
Other comprehensive income	(17,680)	(17,237)	(30,881)	(36,932)
Net of tax
Balance, beginning	2,664,685	2,613,202	2,640,258	2,524,839
Other comprehensive income	48,602	46,770	84,480	100,211
Balance, ending	2,701,897	2,659,441	2,701,897	2,659,441
Accumulated other comprehensive Income (loss)
Pre-tax Amount
Balance	5,629	(107,779)	(43,450)	(180,915)
Balance	71,911	(43,772)	71,911	(43,772)
Income Tax Benefit (Expense)
Balance	(1,500)	29,025	11,701	48,720
Balance	(19,180)	11,788	(19,180)	11,788
Net of tax
Balance, beginning	4,129	(78,754)	(31,749)	(132,195)
Other comprehensive income	48,602	46,770	84,480	100,211
Balance, ending	52,731	(31,984)	52,731	(31,984)
Pension and other benefits, change in Company tax rate
Income Tax Benefit (Expense)
Other comprehensive income			(96)
Net of tax
Other comprehensive income			(96)
Pension and other benefits, net actuarial losses arising during the period
Pre-tax Amount
Other comprehensive income		(813)		(813)
Income Tax Benefit (Expense)
Other comprehensive income		219		219
Net of tax
Other comprehensive income		(594)		(594)
Pension and other benefits, net change in pension and other benefits
Pre-tax Amount
Other comprehensive income		(813)		(813)
Income Tax Benefit (Expense)
Other comprehensive income		219	(96)	219
Net of tax
Balance, beginning	(28,178)	(28,379)	(28,082)	(28,379)
Other comprehensive income		(594)	(96)	(594)
Balance, ending	(28,178)	(28,973)	(28,178)	(28,973)
Investment securities:
Pre-tax Amount
Unrealized net gains arising during the period	66,071	64,841	115,235	135,364
Reclassification of net losses (gains) to net income	211	(21)	126	2,592
Other comprehensive income	66,282	64,820	115,361	137,956
Income Tax Benefit (Expense)
Unrealized net gains arising during the period	(17,624)	(17,462)	(30,751)	(36,453)
Reclassification of net losses (gains) to net income	(56)	6	34	(698)
Other comprehensive income	(17,680)	(17,456)	(30,785)	(37,151)
Net of tax
Balance, beginning	32,307	(50,375)	(3,667)	(103,816)
Unrealized net gains arising during the period	48,447	47,379	84,484	98,911
Reclassification of net losses (gains) to net income	155	(15)	92	1,894
Other comprehensive income	48,602	47,364	84,576	100,805
Balance, ending	$ 80,909	$ (3,011)	$ 80,909	$ (3,011)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Changes, Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net of tax
Balance, beginning	$ 2,664,685	$ 2,613,202	$ 2,640,258	$ 2,524,839
Net income	20,049	72,433	58,914	142,357
Other comprehensive income (loss)	48,602	46,770	84,480	100,211
Balance, ending	2,701,897	2,659,441	2,701,897	2,659,441
Accumulated other comprehensive Income (loss)
Net of tax
Balance, beginning	4,129	(78,754)	(31,749)	(132,195)
Other comprehensive income (loss)	48,602	46,770	84,480	100,211
Balance, ending	52,731	(31,984)	52,731	(31,984)
Pension and other benefits, net change in pension and other benefits
Net of tax
Balance, beginning	(28,178)	(28,379)	(28,082)	(28,379)
Other comprehensive income (loss)		(594)	(96)	(594)
Balance, ending	(28,178)	(28,973)	(28,178)	(28,973)
Investment securities:
Net of tax
Balance, beginning	32,307	(50,375)	(3,667)	(103,816)
Other comprehensive income (loss)	48,602	47,364	84,576	100,805
Balance, ending	80,909	(3,011)	80,909	(3,011)
Reclassification of net losses (gains) to net income	$ 211	$ (21)	$ 126	$ 2,592

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Common equity tier 1 capital to risk-weighted assets
Amount	$ 1,653,674	$ 1,676,515
Ratio (as a percent)	11.86%	11.88%
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	$ 1,653,674	$ 1,676,515
Ratio (as a percent)	11.86%	11.88%
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	$ 1,828,511	$ 1,807,645
Ratio (as a percent)	13.11%	12.81%
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	$ 1,653,674	$ 1,676,515
Ratio	7.75%	8.79%
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	$ 1,634,333	$ 1,654,304
Ratio (as a percent)	11.72%	11.72%
Tier 1 capital to risk-weighted assets
Amount	$ 1,634,333	$ 1,654,304
Ratio (as a percent)	11.72%	11.72%
Total capital to risk-weighted assets
Amount	$ 1,809,165	$ 1,785,434
Ratio (as a percent)	12.97%	12.65%
Tier 1 capital to average assets (leverage ratio)
Amount	$ 1,634,333	$ 1,654,304
Ratio	7.66%	8.67%

Regulatory Capital Requiremen_4

Regulatory Capital Requirements - Capital Conservation Buffer (Details)	Jun. 30, 2020	Dec. 31, 2019
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)	11.86%	11.88%
Effective total capital to risk-weighted assets (as a percent)	13.11%	12.81%
Capital conservation buffer
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
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	Jun. 30, 2020	Dec. 31, 2019
Derivatives designated as hedging instruments \| Interest rate swaps
Notional amounts and fair values of derivatives
Notional Amount	$ 22,825	$ 23,190
Derivatives designated as hedging instruments \| Interest rate swaps \| Included in other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	(1,581)	(682)
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps
Notional amounts and fair values of derivatives
Notional Amount	3,023,471	2,818,803
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Included in other assets
Notional amounts and fair values of derivatives
Asset Derivatives	170,576	63,527
Derivatives Not Designated as Hedging Instruments \| Interest rate caps and floors
Notional amounts and fair values of derivatives
Notional Amount	148,800
Derivatives Not Designated as Hedging Instruments \| Interest rate caps and floors \| Included in other assets
Notional amounts and fair values of derivatives
Asset Derivatives	35
Derivatives Not Designated as Hedging Instruments \| Interest rate caps and floors \| Included in other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	(35)
Derivatives Not Designated as Hedging Instruments \| Funding Swap (Visa Derivative)
Notional amounts and fair values of derivatives
Notional Amount	88,480	82,900
Derivatives Not Designated as Hedging Instruments \| Funding Swap (Visa Derivative) \| Included in other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	(2,095)	(4,233)
Derivatives Not Designated as Hedging Instruments \| Foreign exchange contracts
Notional amounts and fair values of derivatives
Notional Amount	$ 150	1,428
Derivatives Not Designated as Hedging Instruments \| Foreign exchange contracts \| Included in other assets
Notional amounts and fair values of derivatives
Asset Derivatives		$ 12

Derivative Financial Instrume_4

Derivative Financial Instruments - Clearinghouse Margin and Collateral (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Derivative contracts
Initial margin collateral posted	$ 12.6	$ 8.7
Interest rate swaps
Derivative contracts
Financial instruments pledged as collateral	30.9	29.9
Cash pledged as collateral	26.1	13.4
Chicago Mercantile Exchange (CME)
Derivative contracts
Variation margin	$ 170.6	$ 63.5

Derivative Financial Instrume_5

Derivative Financial Instruments - Fair Value Hedges (Details) $ in Thousands	Jun. 30, 2020USD ($)derivative	Dec. 31, 2019USD ($)instrument
Fair value hedges
Fair hedges carried
Fixed interest rate (as a percent)	2.90%
Derivatives designated as hedging instruments \| Interest rate swaps
Fair hedges carried
Notional amounts	$ 22,825	$ 23,190
Derivatives designated as hedging instruments \| Interest rate swaps \| Fair value hedges
Fair hedges carried
Number of derivatives carried	1	1
Notional amounts	$ 22,800	$ 23,200
Negative fair value	$ 1,600	$ 700

Derivative Financial Instrume_6

Derivative Financial Instruments - Net Gains and Losses Recognized in Income, Fair Value Hedges (Details) - Loans and lease financing - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Gains and losses related to derivatives
Recognized on hedged item	$ 35	$ 427	$ 942	$ 689
Interest rate swaps
Gains and losses related to derivatives
Recognized on interest rate swap	$ 57	$ (424)	$ (898)	$ (766)

Derivative Financial Instrume_7

Derivative Financial Instruments - Amounts Recorded in Balance Sheets Related to Cumulative Basis Adjustments (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Derivative Financial Instruments
Hedged Asset Carrying Amount	$ 25,064	$ 24,415
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	$ 1,959	$ 1,017

Derivative Financial Instrume_8

Derivative Financial Instruments - Cash Flow Hedges (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Derivatives designated as hedging instruments \| Interest rate swaps
Cash flow hedges
Notional amounts	$ 22,825	$ 23,190

Derivative Financial Instrume_9

Derivative Financial Instruments - Derivatives Not Designated as Hedges (Details) - Derivatives Not Designated as Hedging Instruments - Other noninterest income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest rate swaps
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives				$ 16
Funding Swap (Visa Derivative)
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives	$ 103	$ (247)	$ 109	(242)
Foreign exchange contracts
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives	$ 52	$ (1)		$ (1)

Derivative Financial Instrum_10

Derivative Financial Instruments - Free-Standing (Details)	3 Months Ended		6 Months Ended		12 Months Ended
Derivative Financial Instruments - Free-Standing (Details)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2016shares	Dec. 31, 2019USD ($)	Oct. 31, 2019USD ($)	Sep. 30, 2019	Sep. 27, 2019	Jul. 31, 2018USD ($)	Jul. 05, 2018	Jun. 28, 2018	Dec. 31, 2017
Minimum
Derivative financial instruments
Derivative, Floating rate	0.17%		0.17%
Maximum
Derivative financial instruments
Derivative, Floating rate	6.42%		6.42%
Visa \| Class B restricted shares
Derivative financial instruments
Estimated amount that was subsequently paid to the buyer							$ 300,000
Number of shares sold \| shares					274,000
Funding Swap (Visa Derivative)
Derivative financial instruments
Derivative liability value	$ 2,100,000		$ 2,100,000			$ 4,200,000
Funding Swap (Visa Derivative) \| Class B restricted shares
Derivative financial instruments
Conversion rate		1.6298		1.6298				1.6298	1.6228		1.6483	1.6298	1.6483
Funding Swap (Visa Derivative) \| Visa
Derivative financial instruments
Estimated amount that was subsequently paid to the buyer							$ 300,000			$ 700,000
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps
Derivative financial instruments
Notional Amount	3,023,471,000		3,023,471,000			$ 2,818,803,000
Net interest expense on derivative	$ 0	$ 0	$ 0	$ 0
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Minimum
Derivative financial instruments
Fixed interest rate (as a percent)	2.02%		2.02%			1.71%
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Maximum
Derivative financial instruments
Fixed interest rate (as a percent)	8.73%		8.73%			8.73%
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Other noninterest income
Derivative financial instruments
Upfront fees on the dealer swap			$ 6,500,000	$ 2,000,000
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Customer swap program
Derivative financial instruments
Notional Amount	$ 3,000,000,000		3,000,000,000
Positive fair value, derivative asset	170,600,000		170,600,000			$ 63,500,000
Negative fair value, derivative liability	0		0			0
Upfront fees on the dealer swap	4,600,000	$ 1,100,000
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Included in other assets
Derivative financial instruments
Positive fair value, derivative asset	170,576,000		170,576,000			63,527,000
Derivatives Not Designated as Hedging Instruments \| Funding Swap (Visa Derivative)
Derivative financial instruments
Notional Amount	88,480,000		88,480,000			82,900,000
Derivatives Not Designated as Hedging Instruments \| Funding Swap (Visa Derivative) \| Included in other liabilities
Derivative financial instruments
Negative fair value, derivative liability	$ 2,095,000		$ 2,095,000			$ 4,233,000

Derivative Financial Instrum_11

Derivative Financial Instruments - Counterparty Credit Risk and Credit-Risk Related Contingent Features (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Derivative contracts
Counterparty credit risk adjustments	$ 100,000	$ 0	$ 300,000	$ 100,000
Credit-risk-related contingent features
Aggregate fair value of derivative instruments in a net liability position	13,400,000		13,400,000		$ 4,000,000
Collateral posted for derivatives in a net liability position	13,500,000		13,500,000		$ 4,700,000
Interest rate swaps
Derivative contracts
Collateral thresholds for derivative agreements with credit risk related contingent features	$ 300,000		$ 300,000

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Commitments to Extend Credit, Participations Sold (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Commitments to extend credit
Commitments
Participations sold to other institutions	$ 116.8	$ 94.1
Standby letters of credit
Commitments
Participations sold to other institutions	$ 11	$ 9

Commitments and Contingent Li_4

Commitments and Contingent Liabilities - Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Financial instruments with off-balance sheet risk
Contract amount	$ 6,300,000	$ 6,100,000
Commitments to extend credit
Financial instruments with off-balance sheet risk
Contract amount	6,097,646	5,907,690
Standby letters of credit
Financial instruments with off-balance sheet risk
Contract amount	175,009	181,412
Commercial Letters of credit
Financial instruments with off-balance sheet risk
Contract amount	$ 3,131	$ 7,334

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue from Contracts with Customers
Net interest income	$ 127,822	$ 145,613	$ 266,505	$ 290,702
Not in scope of Topic 606	13,868	7,931	22,776	13,959
Total noninterest income	45,656	48,773	94,884	95,845
Total revenue	173,478	194,386	361,389	386,547
Retail Banking
Revenue from Contracts with Customers
Net interest income	96,146	107,708	186,029	214,935
Not in scope of Topic 606	3,403	2,227	7,042	4,696
Total noninterest income	22,172	23,375	48,548	47,244
Total revenue	118,318	131,083	234,577	262,179
Commercial Banking
Revenue from Contracts with Customers
Net interest income	33,094	35,000	67,508	69,656
Not in scope of Topic 606	5,893	2,306	8,921	4,045
Total noninterest income	18,055	18,725	35,851	37,113
Total revenue	51,149	53,725	103,359	106,769
Treasury and Other
Revenue from Contracts with Customers
Net interest income	(1,418)	2,905	12,968	6,111
Not in scope of Topic 606	4,572	3,398	6,813	5,218
Total noninterest income	5,429	6,673	10,485	11,488
Total revenue	4,011	9,578	23,453	17,599
Service charges on deposit accounts.
Revenue from Contracts with Customers
Revenue by type of service	5,927	8,123	14,877	16,183
Service charges on deposit accounts. \| Retail Banking
Revenue from Contracts with Customers
Revenue by type of service	5,469	7,131	13,556	14,365
Service charges on deposit accounts. \| Commercial Banking
Revenue from Contracts with Customers
Revenue by type of service	326	309	677	620
Service charges on deposit accounts. \| Treasury and Other
Revenue from Contracts with Customers
Revenue by type of service	132	683	644	1,198
Credit and debit card fees.
Revenue from Contracts with Customers
Revenue by type of service	10,397	16,168	24,883	32,358
Credit and debit card fees. \| Commercial Banking
Revenue from Contracts with Customers
Revenue by type of service	10,122	14,481	23,009	28,941
Credit and debit card fees. \| Treasury and Other
Revenue from Contracts with Customers
Revenue by type of service	275	1,687	1,874	3,417
Other service charges and fees.
Revenue from Contracts with Customers
Revenue by type of service	5,133	6,390	10,947	12,634
Other service charges and fees. \| Retail Banking
Revenue from Contracts with Customers
Revenue by type of service	4,580	4,944	9,454	10,277
Other service charges and fees. \| Commercial Banking
Revenue from Contracts with Customers
Revenue by type of service	215	868	639	1,237
Other service charges and fees. \| Treasury and Other
Revenue from Contracts with Customers
Revenue by type of service	338	578	854	1,120
Trust and investment services income.
Revenue from Contracts with Customers
Revenue by type of service	8,664	8,931	18,255	17,549
Trust and investment services income. \| Retail Banking
Revenue from Contracts with Customers
Revenue by type of service	8,664	8,931	18,255	17,549
Other.
Revenue from Contracts with Customers
Revenue by type of service	1,667	1,230	3,146	3,162
Other. \| Retail Banking
Revenue from Contracts with Customers
Revenue by type of service	56	142	241	357
Other. \| Commercial Banking
Revenue from Contracts with Customers
Revenue by type of service	1,499	761	2,605	2,270
Other. \| Treasury and Other
Revenue from Contracts with Customers
Revenue by type of service	$ 112	$ 327	$ 300	$ 535

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Contract Balances (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)item	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Revenue from Contracts with Customers
Signing bonuses received from vendors \| item			2
Contract liabilities	$ 1,400,000		$ 1,400,000		$ 1,800,000
Decrease in recognized revenues and contract liabilities	200,000	$ 200,000	400,000	$ 400,000
Change in contract liabilities due to changes in transaction price estimates	0	$ 0	0	$ 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 ($)	Jun. 30, 2020	Dec. 31, 2019
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 ($)	3 Months Ended		6 Months Ended
Earnings per Share (Details) - USD ($)	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings per Share
Adjustments to net income (in dollars)	$ 0	$ 0	$ 0	$ 0
Antidilutive securities (in shares)	537,000	0	513,000	0
Numerator:
Net income	$ 20,049,000	$ 72,433,000	$ 58,914,000	$ 142,357,000
Denominator:
Basic: weighted-average shares outstanding (in shares)	129,856,730	134,420,380	129,876,218	134,655,217
Add: weighted-average equity-based awards (in shares)	148,465	231,628	287,504	269,114
Diluted: weighted-average shares outstanding (in shares)	130,005,195	134,652,008	130,163,722	134,924,331
Basic earnings per share (in dollars per share)	$ 0.15	$ 0.54	$ 0.45	$ 1.06
Diluted earnings per share (in dollars per share)	$ 0.15	$ 0.54	$ 0.45	$ 1.06

Noninterest Income and Nonint_3

Noninterest Income and Noninterest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases
Operating lease income	$ 1,600	$ 1,500	$ 3,100	$ 3,000
Lease income related to variable lease payments	1,400	1,300	2,900	2,600
Amortization of software expenses recorded in other noninterest expense
Amortization of software expenses	1,400	1,000	2,600	2,200
Pension Benefits
Components of net periodic benefit cost
Total net periodic benefit cost	1,856	2,430	3,712	4,860
Pension Benefits \| Salaries and employee benefits
Components of net periodic benefit cost
Service cost		17		34
Pension Benefits \| Other noninterest expense
Components of net periodic benefit cost
Interest cost	1,621	2,044	3,242	4,088
Expected return on plan assets	(1,194)	(1,195)	(2,388)	(2,390)
Recognized net actuarial loss (gain)	1,429	1,564	2,858	3,128
Other Benefits
Components of net periodic benefit cost
Total net periodic benefit cost	314	182	628	364
Other Benefits \| Salaries and employee benefits
Components of net periodic benefit cost
Service cost	189	159	378	318
Other Benefits \| Other noninterest expense
Components of net periodic benefit cost
Interest cost	164	206	328	412
Prior service credit	(13)	(107)	(26)	(214)
Recognized net actuarial loss (gain)	$ (26)	$ (76)	$ (52)	$ (152)

Fair Value - Visa Derivative (D

Fair Value - Visa Derivative (Details) - Funding Swap (Visa Derivative) $ in Thousands	Jun. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019	Sep. 27, 2019	Jun. 30, 2019	Jul. 05, 2018	Jun. 28, 2018	Dec. 31, 2017
Class B restricted shares
Fair value
Conversion rate			1.6298	1.6228	1.6298	1.6483	1.6298	1.6483
Fair Value Measurements, Recurring \| Level 3
Fair value
Derivative Liability	$ 2,100	$ 4,200
Included in other liabilities \| Derivatives Not Designated as Hedging Instruments
Fair value
Derivative Liability	$ 2,095	$ 4,233

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Fair value	$ 5,135,775	$ 4,075,644
Fair Value Measurements, Recurring
Assets
Fair value	5,135,775	4,075,644
Other assets	170,611	63,539
Liabilities
Other liabilities	(3,711)	(4,915)
Total
Net Assets (Liabilities)	5,302,675	4,134,268
Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	5,135,775	4,075,644
Other assets	170,611	63,539
Liabilities
Other liabilities	(1,616)	(682)
Total
Net Assets (Liabilities)	5,304,770	4,138,501
Fair Value Measurements, Recurring \| Level 3
Liabilities
Other liabilities	(2,095)	(4,233)
Total
Net Assets (Liabilities)	(2,095)	(4,233)
U.S. Treasury and government agency debt securities
Assets
Fair value	94,918	29,888
U.S. Treasury and government agency debt securities \| Fair Value Measurements, Recurring
Assets
Fair value	94,918	29,888
U.S. Treasury and government agency debt securities \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	94,918	29,888
Government-sponsored enterprises debt securities
Assets
Fair value		101,439
Government-sponsored enterprises debt securities \| Fair Value Measurements, Recurring
Assets
Fair value		101,439
Government-sponsored enterprises debt securities \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value		101,439
Residential - Government agency
Assets
Fair value	232,617	291,209
Residential - Government agency \| Fair Value Measurements, Recurring
Assets
Fair value	232,617	291,209
Residential - Government agency \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	232,617	291,209
Residential - Government-sponsored enterprises
Assets
Fair value	390,912	399,492
Residential - Government-sponsored enterprises \| Fair Value Measurements, Recurring
Assets
Fair value	390,912	399,492
Residential - Government-sponsored enterprises \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	390,912	399,492
Commercial - Government agency
Assets
Fair value	629,679
Commercial - Government agency \| Fair Value Measurements, Recurring
Assets
Fair value	629,679
Commercial - Government agency \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	629,679
Commercial - Government-sponsored enterprises
Assets
Fair value	322,996	101,719
Commercial - Government-sponsored enterprises \| Fair Value Measurements, Recurring
Assets
Fair value	322,996	101,719
Commercial - Government-sponsored enterprises \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	322,996	101,719
Government agency
Assets
Fair value	1,926,584	2,381,278
Government agency \| Fair Value Measurements, Recurring
Assets
Fair value	1,926,584	2,381,278
Government agency \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	1,926,584	2,381,278
Government-sponsored enterprises
Assets
Fair value	1,538,069	770,619
Government-sponsored enterprises \| Fair Value Measurements, Recurring
Assets
Fair value	1,538,069	770,619
Government-sponsored enterprises \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	$ 1,538,069	$ 770,619

Fair Value - Changes in Fair Va

Fair Value - Changes in Fair Value Levels and in Level 3 Liabilities (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
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	(3,199,000)	$ (1,839,000)	(4,233,000)	$ (2,607,000)
Total net gains (losses) included in other noninterest income	103,000	(247,000)	109,000	(242,000)
Settlements	1,001,000	907,000	2,029,000	1,670,000
Balance	(2,095,000)	(1,179,000)	(2,095,000)	(1,179,000)
Total net gains (losses) included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30,	$ 103,000	$ (247,000)	$ 109,000	$ (242,000)

Fair Value - Financial Instrume

Fair Value - Financial Instruments not Required to be Carried at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Lease and lease commitments excluded
Financing leases	$ 238,300	$ 202,500
Deposit liabilities with no defined or contractual maturity	15,900,000	13,900,000
Capital lease obligations	19	19
Book Value
Financial assets:
Cash and cash equivalents	1,855,222	694,017
Loans held for sale	6,698	904
Loans	13,525,743	13,009,167
Financial liabilities:
Time Deposits	3,506,665	2,510,157
Short-term borrowings	200,000	400,000
Long-term borrowings	200,000	200,000
Estimated Fair Value
Financial assets:
Cash and cash equivalents	1,855,222	694,017
Loans held for sale	6,698	904
Loans	13,832,005	13,140,898
Financial liabilities:
Time Deposits	3,520,718	2,501,478
Short-term borrowings	200,286	401,709
Long-term borrowings	216,394	207,104
Estimated Fair Value \| Level 1
Financial assets:
Cash and cash equivalents	347,592	360,375
Estimated Fair Value \| Level 2
Financial assets:
Cash and cash equivalents	1,507,630	333,642
Loans held for sale	6,698	904
Financial liabilities:
Time Deposits	3,520,718	2,501,478
Short-term borrowings	200,286	401,709
Long-term borrowings	216,394	207,104
Estimated Fair Value \| Level 3
Financial assets:
Loans	$ 13,832,005	$ 13,140,898

Fair Value - Unfunded Loan and

Fair Value - Unfunded Loan and Lease Commitments and Letters of Credit (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Unfunded loan and lease commitments and letters of credit
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	$ 6,300	$ 6,100
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	6,300	6,100
Estimated fair value of unfunded loan and lease commitments and letters of credit	$ 36.3	$ 14.4

Fair Value - Assets and Liabi_2

Fair Value - Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis (Details) - Collateral-dependent loans - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Assets with fair value adjustments on a nonrecurring basis
Total impairment losses	$ 0	$ 0	$ 400,000	$ 0
Fair Value Measurements, Nonrecurring \| Level 3
Assets with fair value adjustments on a nonrecurring basis
Fair value	$ 1,840,000		$ 1,840,000		$ 1,502,000

Fair Value - Significant Unobse

Fair Value - Significant Unobservable Inputs Used in Fair Value Measurements (Details) - Level 3	Jun. 30, 2020USD ($)Y	Dec. 31, 2019USD ($)
Expected Term (in years) \| Weighted Average
Fair value
Measurement input	1	1
Expected Term (in years) \| Minimum
Fair value
Measurement input	0.5
Expected Term (in years) \| Maximum
Fair value
Measurement input	1.5
Growth Rate (percentage) \| Weighted Average
Fair value
Measurement input	13	13
Growth Rate (percentage) \| Minimum
Fair value
Measurement input	4
Growth Rate (percentage) \| Maximum
Fair value
Measurement input	17
Visa derivative \| Discounted cash flow \| Minimum
Fair value
Measurement input	1.5977
Visa derivative \| Discounted cash flow \| Maximum
Fair value
Measurement input	1.6228
Visa derivative \| Expected Conversation Rate \| Discounted cash flow \| Weighted Average
Fair value
Measurement input		1.6228
Fair Value Measurements, Nonrecurring \| Collateral-dependent loans
Fair value
Assets	$ 1,840,000	$ 1,502,000
Fair Value Measurements, Nonrecurring \| Collateral-dependent loans \| Appraisal Value
Fair value
Assets	1,840,000	1,502,000
Fair Value Measurements, Nonrecurring \| Visa derivative \| Discounted cash flow
Fair value
Liabilities	$ (2,095,000)	$ (4,233,000)

Reportable Operating Segments -

Reportable Operating Segments - Business Segments (Details)	6 Months Ended
Reportable Operating Segments - Business Segments (Details)	Jun. 30, 2020locationsegment
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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Selected business segment financial information
Net interest income (expense)	$ 127,822	$ 145,613	$ 266,505	$ 290,702
Provision for credit losses	(55,446)	(3,870)	(96,646)	(9,550)
Net interest income after provision for credit losses	72,376	141,743	169,859	281,152
Noninterest income	45,656	48,773	94,884	95,845
Noninterest expense	(91,450)	(93,290)	(187,916)	(185,913)
Income before provision for income taxes	26,582	97,226	76,827	191,084
(Provision) benefit for income taxes	(6,533)	(24,793)	(17,913)	(48,727)
Net income	20,049	72,433	58,914	142,357
Assets	22,993,715	20,526,367	22,993,715	20,526,367	$ 20,166,734
Retail Banking
Selected business segment financial information
Net interest income (expense)	96,146	107,708	186,029	214,935
Provision for credit losses	(24,311)	(1,752)	(44,376)	(4,324)
Net interest income after provision for credit losses	71,835	105,956	141,653	210,611
Noninterest income	22,172	23,375	48,548	47,244
Noninterest expense	(57,639)	(59,495)	(119,283)	(116,662)
Income before provision for income taxes	36,368	69,836	70,918	141,193
(Provision) benefit for income taxes	(9,331)	(17,658)	(16,854)	(35,705)
Net income	27,037	52,178	54,064	105,488
Assets	7,888,155	7,056,325	7,888,155	7,056,325
Commercial Banking
Selected business segment financial information
Net interest income (expense)	33,094	35,000	67,508	69,656
Provision for credit losses	(25,183)	(2,118)	(45,967)	(5,226)
Net interest income after provision for credit losses	7,911	32,882	21,541	64,430
Noninterest income	18,055	18,725	35,851	37,113
Noninterest expense	(20,445)	(19,741)	(41,950)	(39,226)
Income before provision for income taxes	5,521	31,866	15,442	62,317
(Provision) benefit for income taxes	(1,179)	(8,267)	(3,824)	(16,188)
Net income	4,342	23,599	11,618	46,129
Assets	6,006,128	6,525,345	6,006,128	6,525,345
Treasury and Other
Selected business segment financial information
Net interest income (expense)	(1,418)	2,905	12,968	6,111
Provision for credit losses	(5,952)		(6,303)
Net interest income after provision for credit losses	(7,370)	2,905	6,665	6,111
Noninterest income	5,429	6,673	10,485	11,488
Noninterest expense	(13,366)	(14,054)	(26,683)	(30,025)
Income before provision for income taxes	(15,307)	(4,476)	(9,533)	(12,426)
(Provision) benefit for income taxes	3,977	1,132	2,765	3,166
Net income	(11,330)	(3,344)	(6,768)	(9,260)
Assets	$ 9,099,432	$ 6,944,697	$ 9,099,432	$ 6,944,697