First Hawaiian (FHB) 10-Q2 Aug 212021 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, 2021	Jul. 26, 2021
Cover page
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
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		129,585,404
Current Fiscal Year End Date	--12-31
Entity Central Index Key	0000036377
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest income
Loans and lease financing	$ 110,919	$ 122,298	$ 221,858	$ 257,269
Available-for-sale securities	24,637	17,529	47,783	38,739
Other	666	792	1,157	3,143
Total interest income	136,222	140,619	270,798	299,151
Interest expense
Deposits	3,363	8,583	7,419	24,183
Short-term and long-term borrowings	1,378	4,214	2,740	8,463
Total interest expense	4,741	12,797	10,159	32,646
Net interest income	131,481	127,822	260,639	266,505
Provision for credit losses	(35,000)	55,446	(35,000)	96,646
Net interest income (expense) after provision for credit losses	166,481	72,376	295,639	169,859
Noninterest income
Service charges on deposit accounts	6,632	5,927	13,350	14,877
Credit and debit card fees	16,746	10,870	31,297	25,819
Other service charges and fees	10,303	7,912	19,149	16,451
Trust and investment services income	8,707	8,664	17,199	18,255
Bank-owned life insurance	3,104	4,432	5,493	6,692
Investment securities gains (losses), net	102	(211)	102	(126)
Other	3,777	8,062	6,649	12,916
Total noninterest income	49,371	45,656	93,239	94,884
Noninterest expense
Salaries and employee benefits	45,982	42,414	89,918	87,243
Contracted services and professional fees	16,516	15,478	33,704	31,533
Occupancy	7,314	7,302	14,484	14,545
Equipment	6,362	5,207	11,853	9,915
Regulatory assessment and fees	1,826	2,100	3,860	4,046
Advertising and marketing	1,469	1,402	3,060	3,225
Card rewards program	6,262	5,163	11,097	12,178
Other	13,657	12,384	27,718	25,231
Total noninterest expense	99,388	91,450	195,694	187,916
Income before provision for income taxes	116,464	26,582	193,184	76,827
Provision for income taxes	29,723	6,533	48,750	17,913
Net income (loss)	$ 86,741	$ 20,049	$ 144,434	$ 58,914
Basic earnings per share (in dollars per share)	$ 0.67	$ 0.15	$ 1.11	$ 0.45
Diluted earnings per share (in dollars per share)	$ 0.67	$ 0.15	$ 1.11	$ 0.45
Basic weighted-average outstanding shares (in shares)	129,392,339	129,856,730	129,661,228	129,876,218
Diluted weighted-average outstanding shares (in shares)	129,828,847	130,005,195	130,164,762	130,163,722

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
Net income	$ 86,741	$ 20,049	$ 144,434	$ 58,914
Other comprehensive income (loss), net of tax:
Net change in pensions and other benefits				(96)
Net change in investment securities	13,733	48,602	(61,306)	84,576
Other comprehensive income (loss)	13,733	48,602	(61,306)	84,480
Total comprehensive income	$ 100,474	$ 68,651	$ 83,128	$ 143,394

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 347,861	$ 303,373
Interest-bearing deposits in other banks	1,558,437	737,571
Investment securities, at fair value (amortized cost: $6,951,153 as of June 30, 2021 and $5,985,031 as of December 31, 2020)	6,953,930	6,071,415
Loans held for sale	1,241	11,579
Loans and Leases	13,103,785	13,279,097
Less: allowance for credit losses	169,148	208,454
Net loans and leases	12,934,637	13,070,643
Premises and equipment, net	319,452	322,401
Accrued interest receivable	66,734	69,626
Bank-owned life insurance	466,402	466,537
Goodwill	995,492	995,492
Mortgage servicing rights	10,007	10,731
Other assets	592,135	603,463
Total assets	24,246,328	22,662,831
Deposits:
Interest-bearing	12,245,193	11,705,609
Noninterest-bearing	8,589,922	7,522,114
Total deposits	20,835,115	19,227,723
Long-term borrowings	200,000	200,010
Retirement benefits payable	144,101	143,373
Other liabilities	335,771	347,621
Total liabilities	21,514,987	19,918,727
Stockholders' equity
Common stock ($0.01 par value; authorized 300,000,000 shares; issued/outstanding: 140,542,398 / 129,019,871 as of June 30, 2021; issued/outstanding: 140,191,133 / 129,912,272 as of December 31, 2020)	1,405	1,402
Additional paid-in capital	2,520,790	2,514,014
Retained earnings	550,511	473,974
Accumulated other comprehensive (loss) income, net	(29,702)	31,604
Treasury stock (11,522,527 shares as of June 30, 2021 and 10,278,861 shares as of December 31, 2020)	(311,663)	(276,890)
Total stockholders' equity	2,731,341	2,744,104
Total liabilities and stockholders' equity	$ 24,246,328	$ 22,662,831

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
CONSOLIDATED BALANCE SHEETS (Unaudited)
Amortized Cost	$ 6,951,153	$ 5,985,031
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)	140,542,398	140,191,133
Common stock outstanding (in shares)	129,019,871	129,912,272
Treasury stock (in shares)	11,522,527	10,278,861

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained EarningsCumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments	Retained Earnings	Accumulated other comprehensive Income (Loss)	Treasury Stock	Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments	Total
Balance at Dec. 31, 2019	$ 1,399	$ 2,503,677	$ (12,517)	$ 437,072	$ (31,749)	$ (270,141)	$ (12,517)	$ 2,640,258
Balance (in shares) at Dec. 31, 2019	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 (loss), net of tax					84,480			84,480
Balance 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
Balance 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 (loss), net of tax					48,602			48,602
Balance 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
Balance at Dec. 31, 2020	$ 1,402	2,514,014		473,974	31,604	(276,890)		$ 2,744,104
Balance (in shares) at Dec. 31, 2020	129,912,272							129,912,272
Increase (Decrease) in Stockholders' Equity
Net income				144,434				$ 144,434
Cash dividends declared				(67,448)				(67,448)
Equity-based awards	$ 3	6,776		(449)		(2,845)		3,485
Equity-based awards (in shares)	239,910
Common stock repurchased						(31,928)		(31,928)
Common stock repurchased (in shares)	(1,132,311)
Other comprehensive income (loss), net of tax					(61,306)			(61,306)
Balance at Jun. 30, 2021	$ 1,405	2,520,790		550,511	(29,702)	(311,663)		$ 2,731,341
Balance (in shares) at Jun. 30, 2021	129,019,871							129,019,871
Balance at Mar. 31, 2021	$ 1,405	2,517,048		497,418	(43,435)	(288,806)		$ 2,683,630
Balance (in shares) at Mar. 31, 2021	129,749,890
Increase (Decrease) in Stockholders' Equity
Net income				86,741				86,741
Cash dividends declared				(33,637)				(33,637)
Equity-based awards		3,742		(11)		(471)		3,260
Equity-based awards (in shares)	69,828
Common stock repurchased						(22,386)		(22,386)
Common stock repurchased (in shares)	(799,847)
Other comprehensive income (loss), net of tax					13,733			13,733
Balance at Jun. 30, 2021	$ 1,405	$ 2,520,790		$ 550,511	$ (29,702)	$ (311,663)		$ 2,731,341
Balance (in shares) at Jun. 30, 2021	129,019,871							129,019,871

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited)
Cash dividends declared (in dollars per share)	$ 0.26	$ 0.26	$ 0.52	$ 0.52

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities
Net income	$ 144,434	$ 58,914
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	(35,000)	96,646
Depreciation, amortization and accretion, net	27,567	34,058
Deferred income tax provision (benefits)	7,168	(13,786)
Stock-based compensation	6,779	5,596
Other losses (gains)	76	(33)
Originations of loans held for sale	(73,368)	(123,331)
Proceeds from sales of loans held for sale	85,787	120,970
Net gains on sales of loans originated for investment and held for sale	(2,442)	(4,581)
Net (gains) losses on investment securities	(102)	126
Change in assets and liabilities:
Net decrease in other assets	19,740	18,272
Net increase (decrease) in other liabilities	67,557	(84,298)
Net cash provided by operating activities	248,196	108,553
Available-for-sale securities:
Proceeds from maturities and principal repayments	920,073	597,670
Proceeds from calls and sales	2,820	644,703
Purchases	(1,900,080)	(2,195,832)
Other investments:
Proceeds from sales	7,956	18,346
Purchases	(60,155)	(27,562)
Loans:
Net decrease (increase) in loans and leases resulting from originations and principal repayments	183,820	(698,069)
Proceeds from sales of loans originated for investment	2,200	132,011
Purchases of loans	(39,558)	(40,611)
Proceeds from bank-owned life insurance	5,628	1,845
Purchases of premises, equipment and software	(9,689)	(20,646)
Proceeds from sales of premises and equipment	1,394
Proceeds from sales of other real estate owned		316
Other	(2,422)	(1,951)
Net cash used in investing activities	(888,013)	(1,589,780)
Cash flows from financing activities
Net increase in deposits	1,607,392	2,916,640
Repayment of short-term borrowings		(200,000)
Dividends paid	(67,448)	(67,547)
Stock tendered for payment of withholding taxes	(2,845)	(1,661)
Common stock repurchased	(31,928)	(5,000)
Net cash provided by financing activities	1,505,171	2,642,432
Net increase in cash and cash equivalents	865,354	1,161,205
Cash and cash equivalents at beginning of period	1,040,944	694,017
Cash and cash equivalents at end of period	1,906,298	1,855,222
Supplemental disclosures
Interest paid	14,464	37,370
Income taxes paid, net of income tax refunds	30,399	4,242
Noncash investing and financing activities:
Operating lease right-of-use assets obtained in exchange for new lease obligations	7,221	1,965
Transfers from loans and leases to loans held for sale	1,839	130,863
Obligation to fund low-income housing partnerships	$ 15,314	$ 11,369

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
Organization and Basis of Presentation	Jun. 30, 2021
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, 2020. 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. Accounting Standards Adopted in 2021 In October 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-08, Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable Fees and Other Costs Recent Accounting Pronouncements The following ASU has been issued by the FASB and is applicable to the Company in future reporting periods. In July 2021, the FASB issued ASU No. 2021-05, Leases (Topic 842), Lessors – Certain Leases with Variable Lease Payments. the Company adopts ASU No. 2021-05. Early adoption is permitted. The Company is in the process of evaluating the impact that this new guidance may have on the Company’s consolidated financial statements.

Investment Securities

Investment Securities	6 Months Ended
Investment Securities	Jun. 30, 2021
Investment Securities
Investment Securities	2. Investment Securities As of June 30, 2021 and December 31, 2020, 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, 2021 and December 31, 2020, all of the Company’s investment securities were classified as available-for-sale. Amortized cost and fair value of securities as of June 30, 2021 and December 31, 2020 were as follows: June 30, 2021 December 31, 2020 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 $ 182,354 $ 545 $ (2,127) $ 180,772 $ 170,123 $ 1,359 $ (61) $ 171,421 Mortgage-backed securities: Residential - Government agency 110,115 3,174 — 113,289 155,169 5,293 — 160,462 Residential - Government-sponsored enterprises 1,257,032 10,776 (4,360) 1,263,448 434,282 13,643 (725) 447,200 Commercial - Government agency 487,607 6,956 (3,116) 491,447 583,232 16,537 (119) 599,650 Commercial - Government-sponsored enterprises 1,244,031 7,116 (27,342) 1,223,805 931,095 9,045 (7,983) 932,157 Collateralized mortgage obligations: Government agency 1,645,170 22,631 (5,667) 1,662,134 1,902,326 32,246 (1,019) 1,933,553 Government-sponsored enterprises 2,024,844 11,195 (17,004) 2,019,035 1,808,804 18,991 (823) 1,826,972 Total available-for-sale securities $ 6,951,153 $ 62,393 $ (59,616) $ 6,953,930 $ 5,985,031 $ 97,114 $ (10,730) $ 6,071,415 Accrued interest receivable related to available-for-sale investment securities was $11.6 million and $10.6 million as of June 30, 2021 and December 31, 2020, respectively, and is recorded separately from the amortized cost basis of investment securities on the Company’s unaudited interim consolidated balance sheets. Proceeds from calls and sales of investment securities were $0.2 million and $2.5 million, respectively, for the three months ended June 30, 2021, and $0.3 million and $2.5 million, respectively, for the six months ended June 30, 2021. 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. The Company recorded gross realized gains of $0.1 million and gross realized losses of nil during both the three and six months ended June 30, 2021. 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 income tax expense related to the Company’s net realized gains on the sale of investment securities was nil during both the three and six months ended June 30, 2021. The income tax benefit related to the net realized loss on the sale of investment securities was $0.1 million and nil, respectively, for the three and six months ended June 30, 2020. Gains and losses realized on sales of securities are determined using the specific identification method. Interest income from taxable investment securities was $22.4 million and $17.5 million, respectively, for the three months ended June 30, 2021 and 2020, and $44.6 million and $38.7 million, respectively, for the six months ended June 30, 2021 and 2020. Interest income from non-taxable investment securities was $2.2 million and nil, respectively, during the three months ended June 30, 2021 and 2020, and $3.2 million and nil, respectively, during the six months ended June 30, 2021 and 2020. The amortized cost and fair value of debt securities issued by the U.S. Treasury and government agencies as of June 30, 2021, 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, 2021 Amortized Fair (dollars in thousands) Cost Value Due in one year or less $ — $ — Due after one year through five years 41,497 41,787 Due after five years through ten years 83,608 82,670 Due after ten years 57,249 56,315 182,354 180,772 Mortgage-backed securities: Residential - Government agency 110,115 113,289 Residential - Government-sponsored enterprises 1,257,032 1,263,448 Commercial - Government agency 487,607 491,447 Commercial - Government-sponsored enterprises 1,244,031 1,223,805 Total mortgage-backed securities 3,098,785 3,091,989 Collateralized mortgage obligations: Government agency 1,645,170 1,662,134 Government-sponsored enterprises 2,024,844 2,019,035 Total collateralized mortgage obligations 3,670,014 3,681,169 Total available-for-sale securities $ 6,951,153 $ 6,953,930 At June 30, 2021, pledged securities totaled $2.0 billion, of which $1.8 billion was pledged to secure public deposits and $192.8 million was pledged to secure other financial transactions. At December 31, 2020, pledged securities totaled $2.4 billion, of which $2.3 billion was pledged to secure public deposits and $186.1 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, 2021 or December 31, 2020. The following tables present the unrealized gross losses and fair values of securities in the available-for-sale portfolio by length of time that the 162 and 50 individual securities in each category have been in a continuous loss position as of June 30, 2021 and December 31, 2020, respectively. The unrealized losses on investment securities were attributable to changes in interest rates, relative to when the investment securities were purchased, and not due to the credit quality of the investment securities. Time in Continuous Loss as of June 30, 2021 Less Than 12 Months 12 Months or More Total Unrealized Unrealized Unrealized (dollars in thousands) Losses Fair Value Losses Fair Value Losses Fair Value U.S. Treasury and government agency debt securities $ (2,127) $ 120,987 $ — $ — $ (2,127) $ 120,987 Mortgage-backed securities: Residential - Government-sponsored enterprises (4,360) 618,414 — — (4,360) 618,414 Commercial - Government agency (2,899) 193,041 (217) 7,064 (3,116) 200,105 Commercial - Government-sponsored enterprises (27,342) 865,899 — — (27,342) 865,899 Collateralized mortgage obligations: Government agency (5,667) 463,392 — — (5,667) 463,392 Government-sponsored enterprises (17,004) 1,237,282 — — (17,004) 1,237,282 Total available-for-sale securities with unrealized losses $ (59,399) $ 3,499,015 $ (217) $ 7,064 $ (59,616) $ 3,506,079 Time in Continuous Loss as of December 31, 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 U.S. Treasury and government agency debt securities $ (61) $ 38,507 $ — $ — $ (61) $ 38,507 Mortgage-backed securities: Residential - Government-sponsored enterprises (725) 64,987 — — (725) 64,987 Commercial - Government agency (119) 32,346 — — (119) 32,346 Commercial - Government-sponsored enterprises (7,983) 427,759 — — (7,983) 427,759 Collateralized mortgage obligations: Government agency (994) 209,124 (25) 6,190 (1,019) 215,314 Government-sponsored enterprises (823) 296,160 — — (823) 296,160 Total available-for-sale securities with unrealized losses $ (10,705) $ 1,068,883 $ (25) $ 6,190 $ (10,730) $ 1,075,073 At June 30, 2021 and December 31, 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. As the Company had the intent and ability to hold the remaining securities in an unrealized loss position as of June 30, 2021 and December 31, 2020, each security with an unrealized loss position in the above tables has been further assessed to determine if a credit loss exists. As of June 30, 2021 and December 31, 2020, the Company did not expect any credit losses in its debt securities and no credit losses were recognized on securities during the three and six months ended June 30, 2021 and for the year ended December 31, 2020. As of June 30, 2021 and December 31, 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 recorded an allowance for credit losses for its available-for-sale debt securities as of June 30, 2021 and December 31, 2020. 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 11. Derivative Financial Instruments” for more information. The Company held approximately 120,000 Visa Class B restricted shares as of both June 30, 2021 and December 31, 2020. These shares continued to be carried at $0 cost basis as of both June 30, 2021 and December 31, 2020.

Loans and Leases

Loans and Leases	6 Months Ended
Loans and Leases	Jun. 30, 2021
Loans and Leases.
Loans and Leases	3. Loans and Leases As of June 30, 2021 and December 31, 2020, loans and leases were comprised of the following: June 30, December 31, (dollars in thousands) 2021 2020 Commercial and industrial $ 2,564,547 $ 3,019,507 Commercial real estate 3,528,068 3,392,676 Construction 853,865 735,819 Residential: Residential mortgage 3,821,407 3,690,218 Home equity line 825,368 841,624 Total residential 4,646,775 4,531,842 Consumer 1,267,559 1,353,842 Lease financing 242,971 245,411 Total loans and leases $ 13,103,785 $ 13,279,097 As of June 30, 2021, residential real estate loans totaling $2.6 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, commercial real estate and residential real estate loans totaling $1.9 billion were pledged to collateralize the Company’s borrowing capacity at the Federal Reserve Bank of San Francisco (“FRB”). As of December 31, 2020, 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, commercial real estate and residential mortgage loans totaling $1.9 billion 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 $2.6 million and $2.3 million as of June 30, 2021 and December 31, 2020, 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, 2021
Allowance for Credit Losses
Allowance for Credit Losses	4. Allowance for Credit Losses The Company maintains the allowance for credit losses for loans and leases (the “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 collectibility 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 off-balance sheet 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 troubled debt restructurings (“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. On December 27, 2020, the Consolidated Appropriations Act – 2021 (the “CAA”) was signed into law, which extends the temporary relief from TDR reporting through the earlier of (1) January 1, 2022, or (2) 60 days after the date on which the national emergency concerning COVID-19 terminates. 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, 2021 and 2020: Three Months Ended June 30, 2021 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 $ 27,322 $ 51,691 $ 10,552 $ 3,197 $ 38,471 $ 6,668 $ 62,465 $ 200,366 Charge-offs (330) — — — — — (3,917) (4,247) Recoveries 287 12 — — 14 38 2,797 3,148 Decrease in Provision (4,216) (4,670) (400) (130) (4,277) (456) (15,970) (30,119) Balance at end of period $ 23,063 $ 47,033 $ 10,152 $ 3,067 $ 34,208 $ 6,250 $ 45,375 $ 169,148 Six Months Ended June 30, 2021 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 $ 24,711 $ 58,123 $ 10,039 $ 3,298 $ 40,461 $ 7,163 $ 64,659 $ 208,454 Charge-offs (1,293) (66) — — (98) — (10,458) (11,915) Recoveries 502 15 166 — 31 62 5,452 6,228 Decrease in Provision (857) (11,039) (53) (231) (6,186) (975) (14,278) (33,619) Balance at end of period $ 23,063 $ 47,033 $ 10,152 $ 3,067 $ 34,208 $ 6,250 $ 45,375 $ 169,148 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 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, 2021 and 2020: Three Months Ended June 30, 2021 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 $ 16,129 $ 1,112 $ 8,313 $ — $ — $ 8,500 $ 49 $ 34,103 Decrease in Provision (3,321) (134) (440) — — (979) (7) (4,881) Balance at end of period $ 12,808 $ 978 $ 7,873 $ — $ — $ 7,521 $ 42 $ 29,222 Six Months Ended June 30, 2021 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 $ 11,719 $ 1,328 $ 9,037 $ — $ 2 $ 8,452 $ 65 $ 30,603 Increase (decrease) in Provision 1,089 (350) (1,164) — (2) (931) (23) (1,381) Balance at end of period $ 12,808 $ 978 $ 7,873 $ — $ — $ 7,521 $ 42 $ 29,222 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 mortgage 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, 2021 was as follows: Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans Amortized Amortized (dollars in thousands) 2021 2020 2019 2018 2017 Prior Cost Basis Cost Basis Total Commercial Lending Commercial and Industrial Risk rating: Pass $ 606,765 $ 422,457 $ 242,554 $ 136,069 $ 48,828 $ 207,502 $ 674,340 $ 23,935 $ 2,362,450 Special Mention 122 8,994 33,617 12,735 1,425 4,647 14,338 376 76,254 Substandard — 7,149 2,400 16,246 137 8,731 6,397 1,344 42,404 Other (1) 9,812 8,774 10,337 6,632 3,531 965 43,388 — 83,439 Total Commercial and Industrial 616,699 447,374 288,908 171,682 53,921 221,845 738,463 25,655 2,564,547 Commercial Real Estate Risk rating: Pass 288,366 342,013 571,608 557,533 449,551 1,055,803 63,775 2 3,328,651 Special Mention — 1,482 52,852 16,081 33,022 55,933 7,604 — 166,974 Substandard — 411 — 7,016 2,069 21,962 502 — 31,960 Other (1) — — — — — 483 — — 483 Total Commercial Real Estate 288,366 343,906 624,460 580,630 484,642 1,134,181 71,881 2 3,528,068 Construction Risk rating: Pass 49,592 97,149 296,405 173,352 62,983 70,998 55,892 — 806,371 Special Mention — — 494 705 — 361 — — 1,560 Substandard — — — 373 — 1,378 — — 1,751 Other (1) 11,829 15,036 5,247 5,381 2,953 2,930 807 — 44,183 Total Construction 61,421 112,185 302,146 179,811 65,936 75,667 56,699 — 853,865 Lease Financing Risk rating: Pass 21,690 69,598 55,494 11,376 16,623 60,091 — — 234,872 Special Mention 545 308 465 246 81 232 — — 1,877 Substandard — 2,720 1,668 260 1,072 502 — — 6,222 Total Lease Financing 22,235 72,626 57,627 11,882 17,776 60,825 — — 242,971 Total Commercial Lending $ 988,721 $ 976,091 $ 1,273,141 $ 944,005 $ 622,275 $ 1,492,518 $ 867,043 $ 25,657 $ 7,189,451 (continued) Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans (continued) Amortized Amortized (dollars in thousands) 2021 2020 2019 2018 2017 Prior Cost Basis Cost Basis Total Residential Lending Residential Mortgage FICO: 740 and greater $ 570,542 $ 675,163 $ 329,047 $ 224,827 $ 293,853 $ 958,515 $ — $ — $ 3,051,947 680 - 739 68,225 86,857 50,699 43,075 42,753 144,223 — — 435,832 620 - 679 11,867 12,564 9,988 6,352 9,310 41,478 — — 91,559 550 - 619 — 1,018 171 1,322 1,752 11,788 — — 16,051 Less than 550 — 1,274 — 346 2,545 2,807 — — 6,972 No Score (3) 10,207 8,602 15,988 21,087 18,814 51,217 — — 125,915 Other (2) 10,440 17,605 12,917 11,910 19,349 20,130 625 155 93,131 Total Residential Mortgage 671,281 803,083 418,810 308,919 388,376 1,230,158 625 155 3,821,407 Home Equity Line FICO: 740 and greater — — — — — — 610,924 1,757 612,681 680 - 739 — — — — — — 147,286 3,619 150,905 620 - 679 — — — — — — 39,660 2,036 41,696 550 - 619 — — — — — — 12,966 1,256 14,222 Less than 550 — — — — — — 2,025 47 2,072 No Score (3) — — — — — — 3,792 — 3,792 Total Home Equity Line — — — — — — 816,653 8,715 825,368 Total Residential Lending 671,281 803,083 418,810 308,919 388,376 1,230,158 817,278 8,870 4,646,775 Consumer Lending FICO: 740 and greater 82,086 97,867 100,874 77,671 38,340 16,537 112,925 284 526,584 680 - 739 50,771 70,303 73,024 48,071 26,097 12,183 70,627 747 351,823 620 - 679 21,372 31,170 37,145 25,852 17,799 9,120 31,515 1,258 175,231 550 - 619 2,887 9,729 17,206 14,016 11,217 6,263 10,652 1,234 73,204 Less than 550 322 3,826 6,934 5,439 3,757 2,295 3,184 748 26,505 No Score (3) 834 63 85 51 87 4 33,144 420 34,688 Other (2) 394 370 1,759 52 2,183 49 74,717 — 79,524 Total Consumer Lending 158,666 213,328 237,027 171,152 99,480 46,451 336,764 4,691 1,267,559 Total Loans and Leases $ 1,818,668 $ 1,992,502 $ 1,928,978 $ 1,424,076 $ 1,110,131 $ 2,769,127 $ 2,021,085 $ 39,218 $ 13,103,785 (1) Other credit quality indicators used for monitoring purposes are primarily FICO scores. The majority of the loans in this population were originated to borrowers with a prime FICO score. (2) Other credit quality indicators used for monitoring purposes are primarily internal risk ratings. The majority of the loans in this population were graded with a “Pass” rating. (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. The amortized cost basis by year of origination and credit quality indicator of the Company’s loans and leases as of December 31, 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 $ 873,639 $ 324,030 $ 183,329 $ 73,000 $ 49,886 $ 94,360 $ 1,058,786 $ 28,853 $ 2,685,883 Special Mention 20,937 10,370 20,164 2,099 279 8,316 101,183 1,549 164,897 Substandard 23,804 2,023 2,568 677 4,063 8,113 33,775 250 75,273 Other (1) 13,142 13,426 9,246 5,337 1,867 280 50,156 — 93,454 Total Commercial and Industrial 931,522 349,849 215,307 81,113 56,095 111,069 1,243,900 30,652 3,019,507 Commercial Real Estate Risk rating: Pass 342,845 611,243 541,104 447,366 295,426 814,398 47,604 323 3,100,309 Special Mention 1,500 63,617 26,187 33,482 37,841 61,279 2,999 — 226,905 Substandard 29 3,964 18,983 3,779 10,615 18,083 9,511 — 64,964 Other (1) — — — — — 498 — — 498 Total Commercial Real Estate 344,374 678,824 586,274 484,627 343,882 894,258 60,114 323 3,392,676 Construction Risk rating: Pass 53,931 233,730 202,808 83,792 23,171 41,536 28,386 — 667,354 Special Mention — 508 707 4,717 — 9,172 — — 15,104 Substandard — — 541 1,840 521 989 — — 3,891 Other (1) 16,578 16,393 7,775 3,685 1,800 2,656 583 — 49,470 Total Construction 70,509 250,631 211,831 94,034 25,492 54,353 28,969 — 735,819 Lease Financing Risk rating: Pass 79,064 60,717 13,669 17,207 3,010 61,266 — — 234,933 Special Mention 950 892 311 1,300 351 295 — — 4,099 Substandard 2,708 1,677 327 1,141 — 526 — — 6,379 Total Lease Financing 82,722 63,286 14,307 19,648 3,361 62,087 — — 245,411 Total Commercial Lending $ 1,429,127 $ 1,342,590 $ 1,027,719 $ 679,422 $ 428,830 $ 1,121,767 $ 1,332,983 $ 30,975 $ 7,393,413 (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 $ 728,807 $ 384,248 $ 290,484 $ 361,297 $ 314,971 $ 830,795 $ — $ — $ 2,910,602 680 - 739 85,151 53,090 44,616 50,703 39,230 144,537 — — 417,327 620 - 679 15,767 7,604 11,460 9,628 7,982 43,393 — — 95,834 550 - 619 — 1,971 2,818 2,920 4,474 10,144 — — 22,327 Less than 550 — 861 593 2,916 594 2,138 — — 7,102 No Score (3) 13,823 18,861 21,214 21,821 14,355 45,147 — — 135,221 Other (2) 21,011 15,860 18,540 22,677 9,550 13,426 578 163 101,805 Total Residential Mortgage 864,559 482,495 389,725 471,962 391,156 1,089,580 578 163 3,690,218 Home Equity Line FICO: 740 and greater — — — — — — 608,282 2,163 610,445 680 - 739 — — — — — — 159,886 3,155 163,041 620 - 679 — — — — — — 44,005 1,571 45,576 550 - 619 — — — — — — 11,644 884 12,528 Less than 550 — — — — — — 5,159 330 5,489 No Score (3) — — — — — — 4,545 — 4,545 Total Home Equity Line — — — — — — 833,521 8,103 841,624 Total Residential Lending 864,559 482,495 389,725 471,962 391,156 1,089,580 834,099 8,266 4,531,842 Consumer Lending FICO: 740 and greater 113,373 122,965 99,678 54,691 24,029 6,034 114,748 275 535,793 680 - 739 83,316 90,853 66,143 36,426 16,358 4,985 76,391 773 375,245 620 - 679 40,469 48,904 33,917 24,705 11,144 3,788 36,622 1,221 200,770 550 - 619 9,125 20,274 17,693 15,126 7,825 2,883 12,980 1,458 87,364 Less than 550 3,017 10,139 9,189 6,517 3,123 1,118 5,261 799 39,163 No Score (3) 339 103 64 109 10 — 33,854 356 34,835 Other (2) 380 1,890 73 2,214 45 6,768 69,302 — 80,672 Total Consumer Lending 250,019 295,128 226,757 139,788 62,534 25,576 349,158 4,882 1,353,842 Total Loans and Leases $ 2,543,705 $ 2,120,213 $ 1,644,201 $ 1,291,172 $ 882,520 $ 2,236,923 $ 2,516,240 $ 44,123 $ 13,279,097 (1) Other credit quality indicators used for monitoring purposes are primarily FICO scores. The majority of the loans in this population were originated to borrowers with a prime FICO score. (2) Other credit quality indicators used for monitoring purposes are primarily internal risk ratings. The majority of the loans in this population were graded with a “Pass” rating. (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, 2021 and December 31, 2020. The amortized cost basis of revolving loans that were converted to term loans during the three and six months ended June 30, 2021 and 2020 was as follows: Three Months Ended (dollars in thousands) June 30, 2021 Commercial and industrial $ 30 Home equity line 538 Consumer 443 Total Revolving Loans Converted to Term Loans During the Period $ 1,011 Six Months Ended (dollars in thousands) June 30, 2021 Commercial and industrial $ 259 Home equity line 1,617 Consumer 936 Total Revolving Loans Converted to Term Loans During the Period $ 2,812 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 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, 2021 and December 31, 2020, the aging analysis of the amortized cost basis of the Company’s past due loans and leases was as follows: June 30, 2021 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 $ 6,835 $ 380 $ 1,140 $ 8,355 $ 2,556,192 $ 2,564,547 $ 494 Commercial real estate 623 — 937 1,560 3,526,508 3,528,068 — Construction — 202 60 262 853,603 853,865 60 Lease financing — — — — 242,971 242,971 — Residential mortgage 3,533 1,290 4,113 8,936 3,812,471 3,821,407 — Home equity line 1,310 435 4,680 6,425 818,943 825,368 4,680 Consumer 12,492 2,210 1,134 15,836 1,251,723 1,267,559 1,134 Total $ 24,793 $ 4,517 $ 12,064 $ 41,374 $ 13,062,411 $ 13,103,785 $ 6,368 December 31, 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 $ 2,585 $ 604 $ 2,626 $ 5,815 $ 3,013,692 $ 3,019,507 $ 2,108 Commercial real estate 75 2,568 963 3,606 3,389,070 3,392,676 882 Construction 779 376 2,137 3,292 732,527 735,819 93 Lease financing — — — — 245,411 245,411 — Residential mortgage 3,382 4,125 3,372 10,879 3,679,339 3,690,218 — Home equity line 1,375 743 4,818 6,936 834,688 841,624 4,818 Consumer 18,492 5,205 3,266 26,963 1,326,879 1,353,842 3,266 Total $ 26,688 $ 13,621 $ 17,182 $ 57,491 $ 13,221,606 $ 13,279,097 $ 11,167 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, 2021 and December 31, 2020 and the amortized cost basis of loans and leases on nonaccrual status with no ACL as of June 30, 2021 and December 31, 2020 were as follows: June 30, 2021 Nonaccrual Loans and Leases With No Nonac

Mortgage Servicing Rights

Mortgage Servicing Rights	6 Months Ended
Mortgage Servicing Rights	Jun. 30, 2021
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 $1.9 billion and $2.2 billion as of June 30, 2021 and December 31, 2020, respectively. Servicing fees include contractually specified fees, late charges, and ancillary fees, and were $1.2 million and $1.4 million for the three months ended June 30, 2021 and 2020, respectively, and $2.5 million and $2.9 million for the six months ended June 30, 2021 and 2020, respectively. Amortization of mortgage servicing rights (“MSRs”) was $1.3 million for both three months ended June 30, 2021 and 2020, and $1.8 million and $3.3 million for the six months ended June 30, 2021 and 2020, respectively. The estimated future amortization expenses for MSRs over the next five years are as follows: Estimated (dollars in thousands) Amortization Under one year $ 1,921 One to two years 1,516 Two to three years 1,230 Three to four years 1,014 Four to five years 847 The details of the Company’s MSRs are presented below: June 30, December 31, (dollars in thousands) 2021 2020 Gross carrying amount $ 68,961 $ 67,856 Less: accumulated amortization 58,954 57,125 Net carrying value $ 10,007 $ 10,731 The following table presents changes in amortized MSRs for the three and six months ended June 30, 2021 and 2020: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2021 2020 2021 2020 Balance at beginning of period $ 10,869 $ 11,979 $ 10,731 $ 12,668 Originations 421 915 1,105 2,206 Amortization (1,283) (1,299) (1,829) (3,279) Balance at end of period $ 10,007 $ 11,595 $ 10,007 $ 11,595 Fair value of amortized MSRs at beginning of period $ 14,921 $ 17,615 $ 14,029 $ 20,329 Fair value of amortized MSRs at end of period $ 13,480 $ 15,159 $ 13,480 $ 15,159 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, 2021 and 2020. The quantitative assumptions used in determining the lower of cost or fair value of the Company’s MSRs as of June 30, 2021 and December 31, 2020 were as follows: June 30, 2021 December 31, 2020 Weighted Weighted Range Average Range Average Conditional prepayment rate 14.85 % - 31.02 % 15.37 % 11.86 % - 26.52 % 16.90 % Life in years (of the MSR) 1.70 - 5.16 4.96 1.83 - 6.68 4.45 Weighted-average coupon rate 3.63 % - 6.77 % 3.75 % 3.24 % - 6.98 % 3.84 % Discount rate 10.00 % - 10.00 % 10.00 % 10.00 % - 10.00 % 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, 2021
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, 2021 and December 31, 2020 were as follows: (dollars in thousands) June 30, 2021 December 31, 2020 Public deposits $ 1,813,339 $ 2,251,508 Federal Home Loan Bank 2,623,025 2,917,317 Federal Reserve Bank 1,873,763 1,919,744 ACH transactions 113,201 111,347 Interest rate swaps 50,858 56,004 Total $ 6,474,186 $ 7,255,920 As the Company did not enter into reverse repurchase agreements or repurchase agreements, no collateral was accepted or pledged as of June 30, 2021 and December 31, 2020. In addition, no debt was extinguished by in-substance defeasance.

Deposits

Deposits	6 Months Ended
Deposits	Jun. 30, 2021
Deposits
Deposits	7. Deposits As of June 30, 2021 and December 31, 2020, deposits were categorized as interest-bearing or noninterest-bearing as follows: (dollars in thousands) June 30, 2021 December 31, 2020 U.S.: Interest-bearing $ 11,393,789 $ 10,928,712 Noninterest-bearing 7,718,714 6,674,352 Foreign: Interest-bearing 851,404 776,897 Noninterest-bearing 871,208 847,762 Total deposits $ 20,835,115 $ 19,227,723 The following table presents the maturity distribution of time certificates of deposit as of June 30, 2021: Under $250,000 (dollars in thousands) $250,000 or More Total Three months or less $ 171,763 $ 276,990 $ 448,753 Over three through six months 169,882 146,794 316,676 Over six through twelve months 409,825 331,625 741,450 One to two years 109,209 82,409 191,618 Two to three years 84,594 14,534 99,128 Three to four years 33,388 4,728 38,116 Four to five years 45,581 21,625 67,206 Thereafter 466 250 716 Total $ 1,024,708 $ 878,955 $ 1,903,663 Time certificates of deposit in denominations of $250,000 or more, in the aggregate, were $0.9 billion and $1.3 billion as of June 30, 2021 and December 31, 2020, respectively. Overdrawn deposit accounts are classified as loans and totaled $4.3 million and $2.6 million as of June 30, 2021 and December 31, 2020, respectively.

Long-Term Borrowings

Long-Term Borrowings	6 Months Ended
Long-Term Borrowings	Jun. 30, 2021
Long-Term Borrowings
Long-Term Borrowings	8. Long-Term Borrowings Long-term borrowings consisted of the following as of June 30, 2021 and December 31, 2020: (dollars in thousands) June 30, 2021 December 31, 2020 Finance lease $ — $ 10 FHLB fixed-rate advances (1) 200,000 200,000 Total long-term borrowings $ 200,000 $ 200,010 (1) Interest is payable monthly. As of June 30, 2021 and December 31, 2020, 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, 2021 and December 31, 2020, the available remaining borrowing capacity with the FHLB was $1.8 billion and $2.0 billion, respectively. The FHLB fixed-rate advances and remaining borrowing capacity were secured by residential real estate loan collateral as of June 30, 2021 and December 31, 2020. As of both June 30, 2021 and December 31, 2020, the Company had an undrawn line of credit of $1.1 billion from the FRB. The borrowing capacity with the FRB was secured by consumer, commercial and industrial, commercial real estate and residential real estate loans as of June 30, 2021 and December 31, 2020. See “Note 6. Transfers of Financial Assets” for more information. As of June 30, 2021, future contractual principal payments and maturities of long-term borrowings were as follows: Principal (dollars in thousands) Payments 2021 $ — 2022 — 2023 (1) 100,000 2024 (2) 100,000 2025 — Total $ 200,000 (1) FHLB fixed-rate advance callable on September 3, 2021 with an interest rate of 2.80% . (2) FHLB fixed-rate advance callable on October 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, 2021
Accumulated Other Comprehensive Income (Loss).
Accumulated Other Comprehensive Income (Loss)	9. 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 income (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, 2021 and 2020 are presented below: Income Tax Pre-tax Benefit Net of (dollars in Amount (Expense) Tax Accumulated other comprehensive loss at March 31, 2021 $ (59,238) $ 15,803 $ (43,435) Three months ended June 30, 2021 Investment securities: Unrealized net gains arising during the period 18,831 (5,023) 13,808 Reclassification of net gains to net income: Investment securities gains, net (102) 27 (75) Net change in investment securities 18,729 (4,996) 13,733 Other comprehensive income 18,729 (4,996) 13,733 Accumulated other comprehensive loss at June 30, 2021 $ (40,509) $ 10,807 $ (29,702) Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive income at December 31, 2020 $ 43,098 $ (11,494) $ 31,604 Six months ended June 30, 2021 Investment securities: Unrealized net losses arising during the period (83,505) 22,274 (61,231) Reclassification of net gains to net income: Investment securities gains, net (102) 27 (75) Net change in investment securities (83,607) 22,301 (61,306) Other comprehensive loss (83,607) 22,301 (61,306) Accumulated other comprehensive loss at June 30, 2021 $ (40,509) $ 10,807 $ (29,702) Income Tax Pre-tax Benefit Net of (dollars in thousands) 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 Pension and other benefits: 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 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, 2021 Balance at beginning of period $ (31,737) $ (11,698) $ (43,435) Other comprehensive income — 13,733 13,733 Balance at end of period $ (31,737) $ 2,035 $ (29,702) Six Months Ended June 30, 2021 Balance at beginning of period $ (31,737) $ 63,341 $ 31,604 Other comprehensive loss — (61,306) (61,306) Balance at end of period $ (31,737) $ 2,035 $ (29,702) 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

Regulatory Capital Requirements

Regulatory Capital Requirements	6 Months Ended
Regulatory Capital Requirements	Jun. 30, 2021
Regulatory Capital Requirements
Regulatory Capital Requirements	10. 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, 2021 and December 31, 2020: First Hawaiian Minimum Well- First Hawaiian, Inc. Bank Capital Capitalized (dollars in thousands) Amount Ratio Amount Ratio Ratio (1) Ratio (1) June 30, 2021: Common equity tier 1 capital to risk-weighted assets $ 1,765,551 12.76 % $ 1,751,187 12.66 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,765,551 12.76 % 1,751,187 12.66 % 6.00 % 8.00 % Total capital to risk-weighted assets 1,938,829 14.01 % 1,924,461 13.91 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,765,551 7.68 % 1,751,187 7.61 % 4.00 % 5.00 % December 31, 2020: Common equity tier 1 capital to risk-weighted assets $ 1,717,008 12.47 % $ 1,699,485 12.34 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,717,008 12.47 % 1,699,485 12.34 % 6.00 % 8.00 % Total capital to risk-weighted assets 1,889,958 13.73 % 1,872,427 13.60 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,717,008 8.00 % 1,699,485 7.92 % 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”). Federal regulations require 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, 2021, 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, 2021, 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, 2021
Derivative Financial Instruments
Derivative Financial Instruments	11. Derivative Financial Instruments The Company enters into derivative contracts primarily to manage its interest rate risk, as well as for customer accommodation purposes. Derivatives used for risk management purposes consist of interest rate swaps that are designated as either a fair value hedge or a cash flow hedge. The derivatives are recognized on the unaudited 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, 2021 and December 31, 2020: June 30, 2021 December 31, 2020 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 $ 22,066 $ — $ (963) $ 22,451 $ — $ (1,276) Derivatives not designated as hedging instruments: Interest rate swaps 2,988,086 82,703 — 3,002,333 129,888 — Visa derivative 99,059 — (2,132) 92,647 — (4,554) Interest rate caps and floors 148,800 9 (9) 148,800 7 (7) Foreign exchange contracts 71 — — 326 — — (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. As of June 30, 2021, the amount of initial margin cash collateral received by the Company was $1.8 million. As of December 31, 2020, the amount of initial margin cash collateral posted by the Company was $4.8 million. As of June 30, 2021 and December 31, 2020, the variation margin was $82.7 million and $129.9 million, respectively. As of June 30, 2021, the Company pledged $30.6 million in financial instruments and $20.3 million in cash as collateral for interest rate swaps. As of December 31, 2020, the Company pledged $30.8 million in financial instruments and $25.2 million in cash as collateral for interest rate swaps. As of June 30, 2021 and December 31, 2020, 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, 2021 and December 31, 2020, the Company carried one interest rate swap with a notional amount of $22.1 million and $22.5 million, respectively. As of June 30, 2021 and December 31, 2020, the interest rate swap was categorized as a fair value hedge for a commercial and industrial loan with a negative fair value of $1.0 million and $1.3 million, respectively. The Company received a USD Prime floating rate and paid a fixed rate of 2.90% . The swap matures in 2023. 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, 2021 and 2020: Gains (losses) recognized in Three Months Ended Six Months Ended the consolidated statements June 30, June 30, (dollars in of income line item 2021 2020 2021 2020 Gains (losses) on fair value hedging relationships recognized in interest income (1) : Recognized on interest rate swap Loans and lease financing $ 121 $ 57 $ 313 $ (898) Recognized on hedged item Loans and lease financing (138) 35 (387) 942 As of June 30, 2021 and December 31, 2020, 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, 2021 December 31, 2020 June 30, 2021 December 31, 2020 Line item in the consolidated balance sheets in which the hedged item is included Loans and leases $ 23,600 $ 24,355 $ 1,100 $ 1,487 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, 2021 and 2020: Net gains (losses) recognized Three Months Ended Six Months Ended in the consolidated statements June 30, June 30, (dollars in of income line item 2021 2020 2021 2020 Derivatives Not Designated As Hedging Instruments: Interest rate swaps Other noninterest income $ — $ — $ — $ — Visa derivative Other noninterest income (23) 103 3 109 Foreign exchange contracts Other noninterest income — 52 — — As of June 30, 2021, 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 $82.7 million and a negative fair value of nil. The Company received floating rates ranging from 0.00% to 3.33% and paid fixed rates ranging from 2.02% to 6.19%. The swaps mature between July 2021 and June 2040. As of December 31, 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 $129.9 million and a negative fair value of nil. The Company received floating rates ranging from 0.15% to 3.16% and paid fixed rates ranging from 2.02% to 5.78%. These swaps resulted in net interest expense of nil during both the three and six months ended June 30, 2021 and 2020. The Company’s customer swap program is designed by offering customers a variable-rate loan that is swapped to fixed-rate through an interest rate swap. The Company simultaneously executes an offsetting interest rate swap with a swap dealer. Upfront fees on the dealer swap are recorded in other noninterest income and totaled $1.3 million and $4.6 million for the three months ended June 30, 2021 and 2020, respectively, and $1.7 million and $6.5 million for the six months ended June 30, 2021 and 2020, 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 $4.6 million was included in the unaudited interim consolidated balance sheets at June 30, 2021 and December 31, 2020, respectively, to provide for the fair value of this liability. There were no sales of these shares prior to 2016. See “Note 16. 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 nil and $0.1 million were recognized during the three months ended June 30, 2021 and 2020, respectively, and $0.1 million and $0.3 million were recognized during the six months ended June 30, 2021 and 2020, respectively. Credit-Risk Related Contingent Features Some 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 $23.3 million and $19.8 million at June 30, 2021 and December 31, 2020, respectively, for which we posted $20.7 million and $20.4 million, respectively, in collateral in the normal course of business. If the Company’s credit rating had been downgraded as of June 30, 2021 and December 31, 2020, 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, 2021
Commitments and Contingent Liabilities
Commitments and Contingent Liabilities	12. Commitments and Contingent Liabilities Contingencies On November 2, 2020, a lawsuit was filed in Hawaii Circuit Court by a Bank customer related to the sale of credit facilities that the Bank had previously extended to the customer. The customer asserts claims against the Bank for interference with the customer’s contract and business opportunity, unfair methods of competition and declaratory and injunctive relief. The outcome of this legal proceeding is uncertain at this point. Based on information available to the Company at present, the Company cannot reasonably estimate a range of potential loss, if any, for this action. Accordingly, the Company has not recognized any liability associated with this action. Management disputes any wrongdoing and the case is being vigorously defended. On July 2, 2021, a complaint was filed in the Superior Court of the State of Washington, King Country. The complaint alleges that the Bank breached a Master Business Services Agreement dated 2018 between the plaintiff and the Bank. Based on the information available to the Company at present, the Company cannot reasonably estimate a range of potential loss, if any for this action. Accordingly, the Company has not recognized any liability associated with this action. Management disputes any wrongdoing and the case is being vigorously defended. In addition to the litigation noted above, 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 A commitment to extend credit is a legally binding agreement to lend funds to a customer, usually at a stated interest rate and for a specified purpose. Commitments are reported net of participations sold to other institutions. Such commitments have fixed expiration dates and generally require a fee. The extension of a commitment gives rise to credit risk. The actual liquidity requirements or credit risk that the Company will experience is expected to be lower than the contractual amount of commitments to extend credit because a significant portion of those commitments are expected to expire without being drawn upon. Certain commitments are subject to loan agreements containing covenants regarding the financial performance of the customer that must be met before the Company is required to fund the commitment. The Company uses the same credit policies in making commitments to extend credit as it does in making loans. In addition, the Company manages the potential credit risk in commitments to extend credit by limiting the total amount of arrangements, both by individual customer and in the aggregate, by monitoring the size and expiration structure of these portfolios and by applying the same credit standards maintained for all of its related credit activities. Commitments to extend credit are reported net of participations sold to other institutions of $100.8 million and $93.1 million at June 30, 2021 and December 31, 2020, respectively. Standby and Commercial Letters of Credit Standby letters of credit are issued on behalf of customers in connection with contracts between the customers and third parties. Under standby letters of credit, the Company assures that the third parties will receive specified funds if customers fail to meet their contractual obligations. The credit risk to the Company arises from its obligation to make payment in the event of a customer’s contractual default. Standby letters of credit are reported net of participations sold to other institutions of $10.8 million and $11.0 million at June 30, 2021 and December 31, 2020, respectively. The Company also had commitments for commercial and similar letters of credit. Commercial letters of credit are issued specifically to facilitate commerce whereby the commitment is typically drawn upon when the underlying transaction between the customer and a third-party is consummated. The maximum amount of potential future payments guaranteed by the Company is limited to the contractual amount of these letters. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. Collateral held supports those commitments for which collateral is deemed necessary. The commitments outstanding as of June 30, 2021 have maturities ranging from July 2021 to October 2022. Substantially all fees received from the issuance of such commitments are deferred and amortized on a straight-line basis over the term of the commitment. Financial instruments with off-balance sheet risk at June 30, 2021 and December 31, 2020 were as follows: June 30, December 31, (dollars in 2021 2020 Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 6,334,949 $ 5,934,535 Standby letters of credit 180,011 185,108 Commercial letters of credit 3,353 3,834 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 11. 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, 2021
Revenue from Contracts with Customers
Revenue from Contracts with Customers	13. 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 the second quarter of 2021, 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, 2020 in order to conform with the current presentation. See “Note 17. Reportable Operating Segments” contained in our unaudited interim consolidated financial statements for further information. 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, 2021 Treasury Retail Commercial and (dollars in Banking Banking Other Total Net interest income (1) $ 97,106 $ 40,234 $ (5,859) $ 131,481 Service charges on deposit accounts 5,788 341 503 6,632 Credit and debit card fees — 14,692 1,440 16,132 Other service charges and fees 5,983 1,590 382 7,955 Trust and investment services income 8,707 — — 8,707 Other 149 623 367 1,139 Not in scope of Topic 606 (1) 1,868 2,282 4,656 8,806 Total noninterest income 22,495 19,528 7,348 49,371 Total revenue $ 119,601 $ 59,762 $ 1,489 $ 180,852 Six Months Ended June 30, 2021 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 191,560 $ 78,500 $ (9,421) $ 260,639 Service charges on deposit accounts 11,874 564 912 13,350 Credit and debit card fees — 27,217 2,868 30,085 Other service charges and fees 11,547 2,065 734 14,346 Trust and investment services income 17,199 — — 17,199 Other 228 2,119 703 3,050 Not in scope of Topic 606 (1) 5,222 3,604 6,383 15,209 Total noninterest income 46,070 35,569 11,600 93,239 Total revenue $ 237,630 $ 114,069 $ 2,179 $ 353,878 (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, 2020 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 91,675 $ 37,565 $ (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 $ 113,847 $ 55,620 $ 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) $ 181,558 $ 71,979 $ 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 $ 230,106 $ 107,830 $ 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. For the three and six months ended June 30, 2021 and 2020, 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, 2021 and December 31, 2020, the Company had contract liabilities of $0.6 million and $1.0 million, respectively, which it expects to recognize over the remaining term of the respective contracts with the vendors. For the three and six months ended June 30, 2021, the Company’s recognized revenues increased 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, 2020, the Company’s recognized revenues increased 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, 2021 and December 31, 2020, there were no material 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, 2021 and December 31, 2020. 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, 2021
Earnings per Share
Earnings per Share	14. Earnings per Share For the three and six months ended June 30, 2021, 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, 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, 2021 and 2020, the computations of basic and diluted earnings per share were as follows: Three Months Ended June 30, Six Months Ended June 30, (dollars in 2021 2020 2021 2020 Numerator: Net income $ 86,741 $ 20,049 $ 144,434 $ 58,914 Denominator: Basic: weighted-average shares outstanding 129,392,339 129,856,730 129,661,228 129,876,218 Add: weighted-average equity-based awards 436,508 148,465 503,534 287,504 Diluted: weighted-average shares outstanding 129,828,847 130,005,195 130,164,762 130,163,722 Basic earnings per share $ 0.67 $ 0.15 $ 1.11 $ 0.45 Diluted earnings per share $ 0.67 $ 0.15 $ 1.11 $ 0.45

Noninterest Income and Noninter

Noninterest Income and Noninterest Expense	6 Months Ended
Noninterest Income and Noninterest Expense	Jun. 30, 2021
Noninterest Income and Noninterest Expense
Noninterest Income and Noninterest Expense	15. Noninterest Income and Noninterest Expense Benefit Plans 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, 2021 and 2020: Income line item where recognized in Pension Benefits Other Benefits (dollars in the consolidated statements of income 2021 2020 2021 2020 Three Months Ended June 30, Service cost Salaries and employee benefits $ — $ — $ 264 $ 189 Interest cost Other noninterest expense 1,231 1,621 131 164 Expected return on plan assets Other noninterest expense (766) (1,194) — — Prior service credit Other noninterest expense — — — (13) Recognized net actuarial loss (gain) Other noninterest expense 1,720 1,429 — (26) Total net periodic benefit cost $ 2,185 $ 1,856 $ 395 $ 314 Six Months Ended June 30, Service cost Salaries and employee benefits $ — $ — $ 528 $ 378 Interest cost Other noninterest expense 2,462 3,242 262 328 Expected return on plan assets Other noninterest expense (1,532) (2,388) — — Prior service credit Other noninterest expense — — — (26) Recognized net actuarial loss (gain) Other noninterest expense 3,440 2,858 — (52) Total net periodic benefit cost $ 4,370 $ 3,712 $ 790 $ 628 Leases The Company recognized operating lease income related to lease payments of $1.6 million for both the three months ended June 30, 2021 and 2020, and $3.3 million and $3.1 million for the six months ended June 30, 2021 and 2020, respectively. In addition, the Company recognized $1.5 million and $1.4 million of lease income related to variable lease payments for the three months ended June 30, 2021 and 2020, respectively, and $3.0 million and $2.9 million for the six months ended June 30, 2021 and 2020, respectively.

Fair Value

Fair Value	6 Months Ended
Fair Value	Jun. 30, 2021
Fair Value
Fair Value	16. Fair Value The Company determines the fair values of its financial instruments based on the requirements established in Accounting Standards Codification 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, 2021 and December 31, 2020, 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 $4.6 million was included in the unaudited interim consolidated balance sheets at June 30, 2021 and December 31, 2020, 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, 2021 and December 31, 2020 are summarized below: Fair Value Measurements as of June 30, 2021 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 $ — $ 180,772 $ — $ 180,772 Mortgage-backed securities: Residential - Government agency (1) — 113,289 — 113,289 Residential - Government-sponsored enterprises (1) — 1,263,448 — 1,263,448 Commercial - Government agency — 491,447 — 491,447 Commercial - Government-sponsored enterprises — 1,223,805 — 1,223,805 Collateralized mortgage obligations: Government agency — 1,662,134 — 1,662,134 Government-sponsored enterprises — 2,019,035 — 2,019,035 Total available-for-sale securities — 6,953,930 — 6,953,930 Other assets (2) 12,901 82,712 — 95,613 Liabilities Other liabilities (3) — (972) (2,132) (3,104) Total $ 12,901 $ 7,035,670 $ (2,132) $ 7,046,439 (1) Backed by residential real estate. (2) Other assets classified as Level 1 include mutual funds and money market funds that have quoted prices in active markets and are related to the Company’s deferred compensation plans. Other assets classified as Level 2 include derivative assets. (3) Other liabilities include derivative liabilities. Fair Value Measurements as of December 31, 2020 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 and government agency debt securities $ — $ 171,421 $ — $ 171,421 Mortgage-backed securities: Residential - Government agency (1) — 160,462 — 160,462 Residential - Government-sponsored enterprises (1) — 447,200 — 447,200 Commercial - Government agency — 599,650 — 599,650 Commercial - Government-sponsored enterprises — 932,157 — 932,157 Collateralized mortgage obligations: Government agency — 1,933,553 — 1,933,553 Government-sponsored enterprises — 1,826,972 — 1,826,972 Total available-for-sale securities — 6,071,415 — 6,071,415 Other assets (2) 11,691 129,895 — 141,586 Liabilities Other liabilities (3) — (1,283) (4,554) (5,837) Total $ 11,691 $ 6,200,027 $ (4,554) $ 6,207,164 (1) Backed by residential real estate. (2) Other assets classified as Level 1 include mutual funds and money market funds that have quoted prices in active markets and are related to the Company’s deferred compensation plans. Other assets classified as Level 2 include derivative assets. (3) Other liabilities include derivative liabilities. Changes in Fair Value Levels For the three and six months ended June 30, 2021 and 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, 2021 and 2020 are summarized below: Visa Derivative (dollars in 2021 2020 Three Months Ended June 30, Balance as of April 1, $ (3,369) $ (3,199) Total net (losses) gains included in other noninterest income (23) 103 Settlements 1,260 1,001 Balance as of June 30, $ (2,132) $ (2,095) Total net (losses) gains included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30, $ (23) $ 103 Six Months Ended June 30, Balance as of January 1, $ (4,554) $ (4,233) Total net gains included in other noninterest income 3 109 Settlements 2,419 2,029 Balance as of June 30, $ (2,132) $ (2,095) Total net gains included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30, $ 3 $ 109 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, 2021 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 $ 1,906,298 $ 347,861 $ 1,558,437 $ — $ 1,906,298 Loans held for sale 1,241 — 1,271 — 1,271 Loans (1) 12,860,814 — — 13,044,658 13,044,658 Financial liabilities: Time deposits (2) $ 1,903,663 $ — $ 1,907,349 $ — $ 1,907,349 Long-term borrowings 200,000 — 210,874 — 210,874 December 31, 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 $ 1,040,944 $ 303,373 $ 737,571 $ — $ 1,040,944 Loans held for sale 11,579 — 12,018 — 12,018 Loans (1) 13,033,686 — — 13,255,636 13,255,636 Financial liabilities: Time deposits (2) $ 2,348,298 $ — $ 2,357,137 $ — $ 2,357,137 Long-term borrowings (3) 200,000 — 214,167 — 214,167 (1) Excludes financing leases of $243.0 million at June 30, 2021 and $245.4 million at December 31, 2020. (2) Excludes deposit liabilities with no defined or contractual maturity of $18.9 billion as of June 30, 2021 and $16.9 billion as of December 31, 2020. (3) Excludes capital lease obligations of $10 thousand as of December 31, 2020. Unfunded loan and lease commitments and letters of credit are not included in the tables above. As of June 30, 2021 and December 31, 2020, the Company had $6.5 billion and $6.1 billion, respectively, of unfunded loan and lease commitments and letters of credit. The Company believes that 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 $41.9 million and $42.3 million at June 30, 2021 and December 31, 2020, 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, 2021 and December 31, 2020: (dollars Level 1 Level 2 Level 3 June 30, 2021 Collateral-dependent loans $ — $ — $ — December 31, 2020 Collateral-dependent loans $ — $ — $ 1,840 Total expected credit losses recognized on collateral-dependent loans were nil for both the three months ended June 30, 2021 and 2020, and nil and $0.4 million for the six months ended June 30, 2021 and 2020, respectively. For Level 3 assets and liabilities measured at fair value on a recurring or nonrecurring basis as of June 30, 2021 and December 31, 2020, the significant unobservable inputs used in the fair value measurements were as follows: Quantitative Information about Level 3 Fair Value Measurements at June 30, 2021 Significant (dollars in thousands) Fair value Valuation Technique Unobservable Input Range Visa derivative $ (2,132) 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% Quantitative Information about Level 3 Fair Value Measurements at December 31, 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 $ (4,554) 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.

Reportable Operating Segments

Reportable Operating Segments	6 Months Ended
Reportable Operating Segments	Jun. 30, 2021
Reportable Operating Segments
Reportable Operating Segments	17. Reportable Operating Segments The Company’s operations are organized into three business segments – Retail Banking, Commercial Banking, and Treasury and Other. These segments reflect how discrete financial information is currently evaluated by the chief operating decision maker and how performance is assessed and resources allocated. The Company’s internal management 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 the second quarter of 2021, 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 PPP loan balances within the business segment that directly manages them. Specifically, PPP loan balances previously included as part of the Retail Banking segment have been reclassified to the Commercial Banking segment. The reallocation of select PPP loan balances affected net interest income, net interest income after provision for credit losses, noninterest expense, provision for income taxes, net income and asset balances. The Company has reported its selected financial information using the new PPP loan balance alignments for the three and six months ended June 30, 2021. The Company has restated the selected financial information for the three and six months ended June 30, 2020 in order to conform with the current presentation. 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 54 banking locations throughout the State of Hawaii, Guam, and Saipan. Commercial Banking Commercial Banking offers products that include corporate banking, 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, 2021 Net interest income (expense) $ 97,106 $ 40,234 $ (5,859) $ 131,481 Benefit of provision for credit losses 12,654 17,465 4,881 35,000 Net interest income (expense) after provision for credit losses 109,760 57,699 (978) 166,481 Noninterest income 22,495 19,528 7,348 49,371 Noninterest expense (62,115) (24,993) (12,280) (99,388) Income (loss) before (provision) benefit for income taxes 70,140 52,234 (5,910) 116,464 (Provision) benefit for income taxes (17,884) (13,285) 1,446 (29,723) Net income (loss) $ 52,256 $ 38,949 $ (4,464) $ 86,741 Total assets as of June 30, 2021 $ 6,862,294 $ 6,404,153 $ 10,979,881 $ 24,246,328 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Six Months Ended June 30, 2021 Net interest income (expense) $ 191,560 $ 78,500 $ (9,421) $ 260,639 Benefit of provision for credit losses 14,124 19,495 1,381 35,000 Net interest income (expense) after provision for credit losses 205,684 97,995 (8,040) 295,639 Noninterest income 46,070 35,569 11,600 93,239 Noninterest expense (125,004) (47,471) (23,219) (195,694) Income (loss) before (provision) benefit for income taxes 126,750 86,093 (19,659) 193,184 (Provision) benefit for income taxes (32,010) (21,629) 4,889 (48,750) Net income (loss) $ 94,740 $ 64,464 $ (14,770) $ 144,434 Total assets as of June 30, 2021 $ 6,862,294 $ 6,404,153 $ 10,979,881 $ 24,246,328 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Three Months Ended June 30, 2020 Net interest income (expense) $ 91,675 $ 37,565 $ (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 67,364 12,382 (7,370) 72,376 Noninterest income 22,172 18,055 5,429 45,656 Noninterest expense (60,022) (18,062) (13,366) (91,450) Income (loss) before (provision) benefit for income taxes 29,514 12,375 (15,307) 26,582 (Provision) benefit for income taxes (7,554) (2,956) 3,977 (6,533) Net income (loss) $ 21,960 $ 9,419 $ (11,330) $ 20,049 Total assets as of June 30, 2020 $ 7,068,251 $ 6,826,032 $ 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 $ 181,558 $ 71,979 $ 12,968 $ 266,505 Provision for credit losses (44,376) (45,967) (6,303) (96,646) Net interest income after provision for credit losses 137,182 26,012 6,665 169,859 Noninterest income 48,548 35,851 10,485 94,884 Noninterest expense (121,666) (39,567) (26,683) (187,916) Income (loss) before (provision) benefit for income taxes 64,064 22,296 (9,533) 76,827 (Provision) benefit for income taxes (15,077) (5,601) 2,765 (17,913) Net income (loss) $ 48,987 $ 16,695 $ (6,768) $ 58,914 Total assets as of June 30, 2020 $ 7,068,251 $ 6,826,032 $ 9,099,432 $ 22,993,715

Organization and Basis of Pre_2

Organization and Basis of Presentation (Policies)	6 Months Ended
Organization and Basis of Presentation (Policies)	Jun. 30, 2021
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, 2020. 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.
Accounting Standard Adopted in 2021 and Recent Accounting Pronouncements	Accounting Standards Adopted in 2021 In October 2020, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2020-08, Codification Improvements to Subtopic 310-20, Receivables – Nonrefundable Fees and Other Costs Recent Accounting Pronouncements The following ASU has been issued by the FASB and is applicable to the Company in future reporting periods. In July 2021, the FASB issued ASU No. 2021-05, Leases (Topic 842), Lessors – Certain Leases with Variable Lease Payments. the Company adopts ASU No. 2021-05. Early adoption is permitted. The Company is in the process of evaluating the impact that this new guidance may have on the Company’s consolidated financial statements.

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
Investment Securities (Tables)	Jun. 30, 2021
Investment Securities
Schedule of amortized cost and fair value of securities	June 30, 2021 December 31, 2020 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 $ 182,354 $ 545 $ (2,127) $ 180,772 $ 170,123 $ 1,359 $ (61) $ 171,421 Mortgage-backed securities: Residential - Government agency 110,115 3,174 — 113,289 155,169 5,293 — 160,462 Residential - Government-sponsored enterprises 1,257,032 10,776 (4,360) 1,263,448 434,282 13,643 (725) 447,200 Commercial - Government agency 487,607 6,956 (3,116) 491,447 583,232 16,537 (119) 599,650 Commercial - Government-sponsored enterprises 1,244,031 7,116 (27,342) 1,223,805 931,095 9,045 (7,983) 932,157 Collateralized mortgage obligations: Government agency 1,645,170 22,631 (5,667) 1,662,134 1,902,326 32,246 (1,019) 1,933,553 Government-sponsored enterprises 2,024,844 11,195 (17,004) 2,019,035 1,808,804 18,991 (823) 1,826,972 Total available-for-sale securities $ 6,951,153 $ 62,393 $ (59,616) $ 6,953,930 $ 5,985,031 $ 97,114 $ (10,730) $ 6,071,415
Schedule of amortized cost and fair value of debt securities by contractual maturity	June 30, 2021 Amortized Fair (dollars in thousands) Cost Value Due in one year or less $ — $ — Due after one year through five years 41,497 41,787 Due after five years through ten years 83,608 82,670 Due after ten years 57,249 56,315 182,354 180,772 Mortgage-backed securities: Residential - Government agency 110,115 113,289 Residential - Government-sponsored enterprises 1,257,032 1,263,448 Commercial - Government agency 487,607 491,447 Commercial - Government-sponsored enterprises 1,244,031 1,223,805 Total mortgage-backed securities 3,098,785 3,091,989 Collateralized mortgage obligations: Government agency 1,645,170 1,662,134 Government-sponsored enterprises 2,024,844 2,019,035 Total collateralized mortgage obligations 3,670,014 3,681,169 Total available-for-sale securities $ 6,951,153 $ 6,953,930
Schedule of gross unrealized losses and fair values of securities in a continuous loss position	Time in Continuous Loss as of June 30, 2021 Less Than 12 Months 12 Months or More Total Unrealized Unrealized Unrealized (dollars in thousands) Losses Fair Value Losses Fair Value Losses Fair Value U.S. Treasury and government agency debt securities $ (2,127) $ 120,987 $ — $ — $ (2,127) $ 120,987 Mortgage-backed securities: Residential - Government-sponsored enterprises (4,360) 618,414 — — (4,360) 618,414 Commercial - Government agency (2,899) 193,041 (217) 7,064 (3,116) 200,105 Commercial - Government-sponsored enterprises (27,342) 865,899 — — (27,342) 865,899 Collateralized mortgage obligations: Government agency (5,667) 463,392 — — (5,667) 463,392 Government-sponsored enterprises (17,004) 1,237,282 — — (17,004) 1,237,282 Total available-for-sale securities with unrealized losses $ (59,399) $ 3,499,015 $ (217) $ 7,064 $ (59,616) $ 3,506,079 Time in Continuous Loss as of December 31, 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 U.S. Treasury and government agency debt securities $ (61) $ 38,507 $ — $ — $ (61) $ 38,507 Mortgage-backed securities: Residential - Government-sponsored enterprises (725) 64,987 — — (725) 64,987 Commercial - Government agency (119) 32,346 — — (119) 32,346 Commercial - Government-sponsored enterprises (7,983) 427,759 — — (7,983) 427,759 Collateralized mortgage obligations: Government agency (994) 209,124 (25) 6,190 (1,019) 215,314 Government-sponsored enterprises (823) 296,160 — — (823) 296,160 Total available-for-sale securities with unrealized losses $ (10,705) $ 1,068,883 $ (25) $ 6,190 $ (10,730) $ 1,075,073

Loans and Leases (Tables)

Loans and Leases (Tables)	6 Months Ended
Loans and Leases (Tables)	Jun. 30, 2021
Loans and Leases.
Schedule of components of loans and leases	June 30, December 31, (dollars in thousands) 2021 2020 Commercial and industrial $ 2,564,547 $ 3,019,507 Commercial real estate 3,528,068 3,392,676 Construction 853,865 735,819 Residential: Residential mortgage 3,821,407 3,690,218 Home equity line 825,368 841,624 Total residential 4,646,775 4,531,842 Consumer 1,267,559 1,353,842 Lease financing 242,971 245,411 Total loans and leases $ 13,103,785 $ 13,279,097

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	6 Months Ended
Allowance for Credit Losses (Tables)	Jun. 30, 2021
Allowance for Credit Losses
Schedule of activity in the allowance by class of loans and lease	Three Months Ended June 30, 2021 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 $ 27,322 $ 51,691 $ 10,552 $ 3,197 $ 38,471 $ 6,668 $ 62,465 $ 200,366 Charge-offs (330) — — — — — (3,917) (4,247) Recoveries 287 12 — — 14 38 2,797 3,148 Decrease in Provision (4,216) (4,670) (400) (130) (4,277) (456) (15,970) (30,119) Balance at end of period $ 23,063 $ 47,033 $ 10,152 $ 3,067 $ 34,208 $ 6,250 $ 45,375 $ 169,148 Six Months Ended June 30, 2021 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 $ 24,711 $ 58,123 $ 10,039 $ 3,298 $ 40,461 $ 7,163 $ 64,659 $ 208,454 Charge-offs (1,293) (66) — — (98) — (10,458) (11,915) Recoveries 502 15 166 — 31 62 5,452 6,228 Decrease in Provision (857) (11,039) (53) (231) (6,186) (975) (14,278) (33,619) Balance at end of period $ 23,063 $ 47,033 $ 10,152 $ 3,067 $ 34,208 $ 6,250 $ 45,375 $ 169,148 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
Schedule of activity in the Liability for Credit Losses for Off-Balance-Sheet Financial Instruments	Three Months Ended June 30, 2021 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 $ 16,129 $ 1,112 $ 8,313 $ — $ — $ 8,500 $ 49 $ 34,103 Decrease in Provision (3,321) (134) (440) — — (979) (7) (4,881) Balance at end of period $ 12,808 $ 978 $ 7,873 $ — $ — $ 7,521 $ 42 $ 29,222 Six Months Ended June 30, 2021 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 $ 11,719 $ 1,328 $ 9,037 $ — $ 2 $ 8,452 $ 65 $ 30,603 Increase (decrease) in Provision 1,089 (350) (1,164) — (2) (931) (23) (1,381) Balance at end of period $ 12,808 $ 978 $ 7,873 $ — $ — $ 7,521 $ 42 $ 29,222 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, 2021 was as follows: Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans Amortized Amortized (dollars in thousands) 2021 2020 2019 2018 2017 Prior Cost Basis Cost Basis Total Commercial Lending Commercial and Industrial Risk rating: Pass $ 606,765 $ 422,457 $ 242,554 $ 136,069 $ 48,828 $ 207,502 $ 674,340 $ 23,935 $ 2,362,450 Special Mention 122 8,994 33,617 12,735 1,425 4,647 14,338 376 76,254 Substandard — 7,149 2,400 16,246 137 8,731 6,397 1,344 42,404 Other (1) 9,812 8,774 10,337 6,632 3,531 965 43,388 — 83,439 Total Commercial and Industrial 616,699 447,374 288,908 171,682 53,921 221,845 738,463 25,655 2,564,547 Commercial Real Estate Risk rating: Pass 288,366 342,013 571,608 557,533 449,551 1,055,803 63,775 2 3,328,651 Special Mention — 1,482 52,852 16,081 33,022 55,933 7,604 — 166,974 Substandard — 411 — 7,016 2,069 21,962 502 — 31,960 Other (1) — — — — — 483 — — 483 Total Commercial Real Estate 288,366 343,906 624,460 580,630 484,642 1,134,181 71,881 2 3,528,068 Construction Risk rating: Pass 49,592 97,149 296,405 173,352 62,983 70,998 55,892 — 806,371 Special Mention — — 494 705 — 361 — — 1,560 Substandard — — — 373 — 1,378 — — 1,751 Other (1) 11,829 15,036 5,247 5,381 2,953 2,930 807 — 44,183 Total Construction 61,421 112,185 302,146 179,811 65,936 75,667 56,699 — 853,865 Lease Financing Risk rating: Pass 21,690 69,598 55,494 11,376 16,623 60,091 — — 234,872 Special Mention 545 308 465 246 81 232 — — 1,877 Substandard — 2,720 1,668 260 1,072 502 — — 6,222 Total Lease Financing 22,235 72,626 57,627 11,882 17,776 60,825 — — 242,971 Total Commercial Lending $ 988,721 $ 976,091 $ 1,273,141 $ 944,005 $ 622,275 $ 1,492,518 $ 867,043 $ 25,657 $ 7,189,451 (continued) Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans (continued) Amortized Amortized (dollars in thousands) 2021 2020 2019 2018 2017 Prior Cost Basis Cost Basis Total Residential Lending Residential Mortgage FICO: 740 and greater $ 570,542 $ 675,163 $ 329,047 $ 224,827 $ 293,853 $ 958,515 $ — $ — $ 3,051,947 680 - 739 68,225 86,857 50,699 43,075 42,753 144,223 — — 435,832 620 - 679 11,867 12,564 9,988 6,352 9,310 41,478 — — 91,559 550 - 619 — 1,018 171 1,322 1,752 11,788 — — 16,051 Less than 550 — 1,274 — 346 2,545 2,807 — — 6,972 No Score (3) 10,207 8,602 15,988 21,087 18,814 51,217 — — 125,915 Other (2) 10,440 17,605 12,917 11,910 19,349 20,130 625 155 93,131 Total Residential Mortgage 671,281 803,083 418,810 308,919 388,376 1,230,158 625 155 3,821,407 Home Equity Line FICO: 740 and greater — — — — — — 610,924 1,757 612,681 680 - 739 — — — — — — 147,286 3,619 150,905 620 - 679 — — — — — — 39,660 2,036 41,696 550 - 619 — — — — — — 12,966 1,256 14,222 Less than 550 — — — — — — 2,025 47 2,072 No Score (3) — — — — — — 3,792 — 3,792 Total Home Equity Line — — — — — — 816,653 8,715 825,368 Total Residential Lending 671,281 803,083 418,810 308,919 388,376 1,230,158 817,278 8,870 4,646,775 Consumer Lending FICO: 740 and greater 82,086 97,867 100,874 77,671 38,340 16,537 112,925 284 526,584 680 - 739 50,771 70,303 73,024 48,071 26,097 12,183 70,627 747 351,823 620 - 679 21,372 31,170 37,145 25,852 17,799 9,120 31,515 1,258 175,231 550 - 619 2,887 9,729 17,206 14,016 11,217 6,263 10,652 1,234 73,204 Less than 550 322 3,826 6,934 5,439 3,757 2,295 3,184 748 26,505 No Score (3) 834 63 85 51 87 4 33,144 420 34,688 Other (2) 394 370 1,759 52 2,183 49 74,717 — 79,524 Total Consumer Lending 158,666 213,328 237,027 171,152 99,480 46,451 336,764 4,691 1,267,559 Total Loans and Leases $ 1,818,668 $ 1,992,502 $ 1,928,978 $ 1,424,076 $ 1,110,131 $ 2,769,127 $ 2,021,085 $ 39,218 $ 13,103,785 (1) Other credit quality indicators used for monitoring purposes are primarily FICO scores. The majority of the loans in this population were originated to borrowers with a prime FICO score. (2) Other credit quality indicators used for monitoring purposes are primarily internal risk ratings. The majority of the loans in this population were graded with a “Pass” rating. (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. The amortized cost basis by year of origination and credit quality indicator of the Company’s loans and leases as of December 31, 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 $ 873,639 $ 324,030 $ 183,329 $ 73,000 $ 49,886 $ 94,360 $ 1,058,786 $ 28,853 $ 2,685,883 Special Mention 20,937 10,370 20,164 2,099 279 8,316 101,183 1,549 164,897 Substandard 23,804 2,023 2,568 677 4,063 8,113 33,775 250 75,273 Other (1) 13,142 13,426 9,246 5,337 1,867 280 50,156 — 93,454 Total Commercial and Industrial 931,522 349,849 215,307 81,113 56,095 111,069 1,243,900 30,652 3,019,507 Commercial Real Estate Risk rating: Pass 342,845 611,243 541,104 447,366 295,426 814,398 47,604 323 3,100,309 Special Mention 1,500 63,617 26,187 33,482 37,841 61,279 2,999 — 226,905 Substandard 29 3,964 18,983 3,779 10,615 18,083 9,511 — 64,964 Other (1) — — — — — 498 — — 498 Total Commercial Real Estate 344,374 678,824 586,274 484,627 343,882 894,258 60,114 323 3,392,676 Construction Risk rating: Pass 53,931 233,730 202,808 83,792 23,171 41,536 28,386 — 667,354 Special Mention — 508 707 4,717 — 9,172 — — 15,104 Substandard — — 541 1,840 521 989 — — 3,891 Other (1) 16,578 16,393 7,775 3,685 1,800 2,656 583 — 49,470 Total Construction 70,509 250,631 211,831 94,034 25,492 54,353 28,969 — 735,819 Lease Financing Risk rating: Pass 79,064 60,717 13,669 17,207 3,010 61,266 — — 234,933 Special Mention 950 892 311 1,300 351 295 — — 4,099 Substandard 2,708 1,677 327 1,141 — 526 — — 6,379 Total Lease Financing 82,722 63,286 14,307 19,648 3,361 62,087 — — 245,411 Total Commercial Lending $ 1,429,127 $ 1,342,590 $ 1,027,719 $ 679,422 $ 428,830 $ 1,121,767 $ 1,332,983 $ 30,975 $ 7,393,413 (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 $ 728,807 $ 384,248 $ 290,484 $ 361,297 $ 314,971 $ 830,795 $ — $ — $ 2,910,602 680 - 739 85,151 53,090 44,616 50,703 39,230 144,537 — — 417,327 620 - 679 15,767 7,604 11,460 9,628 7,982 43,393 — — 95,834 550 - 619 — 1,971 2,818 2,920 4,474 10,144 — — 22,327 Less than 550 — 861 593 2,916 594 2,138 — — 7,102 No Score (3) 13,823 18,861 21,214 21,821 14,355 45,147 — — 135,221 Other (2) 21,011 15,860 18,540 22,677 9,550 13,426 578 163 101,805 Total Residential Mortgage 864,559 482,495 389,725 471,962 391,156 1,089,580 578 163 3,690,218 Home Equity Line FICO: 740 and greater — — — — — — 608,282 2,163 610,445 680 - 739 — — — — — — 159,886 3,155 163,041 620 - 679 — — — — — — 44,005 1,571 45,576 550 - 619 — — — — — — 11,644 884 12,528 Less than 550 — — — — — — 5,159 330 5,489 No Score (3) — — — — — — 4,545 — 4,545 Total Home Equity Line — — — — — — 833,521 8,103 841,624 Total Residential Lending 864,559 482,495 389,725 471,962 391,156 1,089,580 834,099 8,266 4,531,842 Consumer Lending FICO: 740 and greater 113,373 122,965 99,678 54,691 24,029 6,034 114,748 275 535,793 680 - 739 83,316 90,853 66,143 36,426 16,358 4,985 76,391 773 375,245 620 - 679 40,469 48,904 33,917 24,705 11,144 3,788 36,622 1,221 200,770 550 - 619 9,125 20,274 17,693 15,126 7,825 2,883 12,980 1,458 87,364 Less than 550 3,017 10,139 9,189 6,517 3,123 1,118 5,261 799 39,163 No Score (3) 339 103 64 109 10 — 33,854 356 34,835 Other (2) 380 1,890 73 2,214 45 6,768 69,302 — 80,672 Total Consumer Lending 250,019 295,128 226,757 139,788 62,534 25,576 349,158 4,882 1,353,842 Total Loans and Leases $ 2,543,705 $ 2,120,213 $ 1,644,201 $ 1,291,172 $ 882,520 $ 2,236,923 $ 2,516,240 $ 44,123 $ 13,279,097 (1) Other credit quality indicators used for monitoring purposes are primarily FICO scores. The majority of the loans in this population were originated to borrowers with a prime FICO score. (2) Other credit quality indicators used for monitoring purposes are primarily internal risk ratings. The majority of the loans in this population were graded with a “Pass” rating. (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.
Schedule of revolving loans that were converted to term loans	Three Months Ended (dollars in thousands) June 30, 2021 Commercial and industrial $ 30 Home equity line 538 Consumer 443 Total Revolving Loans Converted to Term Loans During the Period $ 1,011 Six Months Ended (dollars in thousands) June 30, 2021 Commercial and industrial $ 259 Home equity line 1,617 Consumer 936 Total Revolving Loans Converted to Term Loans During the Period $ 2,812 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 aging analyses of past due loans and leases	June 30, 2021 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 $ 6,835 $ 380 $ 1,140 $ 8,355 $ 2,556,192 $ 2,564,547 $ 494 Commercial real estate 623 — 937 1,560 3,526,508 3,528,068 — Construction — 202 60 262 853,603 853,865 60 Lease financing — — — — 242,971 242,971 — Residential mortgage 3,533 1,290 4,113 8,936 3,812,471 3,821,407 — Home equity line 1,310 435 4,680 6,425 818,943 825,368 4,680 Consumer 12,492 2,210 1,134 15,836 1,251,723 1,267,559 1,134 Total $ 24,793 $ 4,517 $ 12,064 $ 41,374 $ 13,062,411 $ 13,103,785 $ 6,368 December 31, 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 $ 2,585 $ 604 $ 2,626 $ 5,815 $ 3,013,692 $ 3,019,507 $ 2,108 Commercial real estate 75 2,568 963 3,606 3,389,070 3,392,676 882 Construction 779 376 2,137 3,292 732,527 735,819 93 Lease financing — — — — 245,411 245,411 — Residential mortgage 3,382 4,125 3,372 10,879 3,679,339 3,690,218 — Home equity line 1,375 743 4,818 6,936 834,688 841,624 4,818 Consumer 18,492 5,205 3,266 26,963 1,326,879 1,353,842 3,266 Total $ 26,688 $ 13,621 $ 17,182 $ 57,491 $ 13,221,606 $ 13,279,097 $ 11,167
Schedule of amortized cost basis of loans and leases on nonaccrual status	June 30, 2021 Nonaccrual Loans and Leases With No Nonaccrual Allowance Loans (dollars in thousands) for Credit Losses and Leases Commercial and industrial $ — $ 828 Commercial real estate 857 937 Residential mortgage 1,877 7,140 Total Nonaccrual Loans and Leases $ 2,734 $ 8,905 December 31, 2020 Nonaccrual Loans and Leases With No Nonaccrual Allowance Loans (dollars in thousands) for Credit Losses and Leases Commercial and industrial $ — $ 518 Commercial real estate — 80 Construction 1,840 2,043 Residential mortgage 1,316 6,441 Total Nonaccrual Loans and Leases $ 3,156 $ 9,082
Schedule of information related to loans modified in a TDR	Three Months Ended Six Months Ended June 30, 2021 June 30, 2021 Number of Recorded Related Number of Recorded Related (dollars in thousands) Contracts Investment (1) ACL Contracts Investment (1) ACL Commercial and industrial 1 $ 246 $ 13 15 $ 2,545 $ 170 Commercial real estate 1 382 98 1 382 98 Construction — — — 2 708 86 Residential mortgage 3 751 143 13 5,629 240 Consumer 186 1,797 407 1,728 15,868 2,274 Total 191 $ 3,176 $ 661 1,759 $ 25,132 $ 2,868 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) ACL Commercial and industrial — $ — $ — 1 $ 500 $ 30 Total — $ — $ — 1 $ 500 $ 30
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, 2021 June 30, 2021 June 30, 2020 June 30, 2020 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 $ 387 1 $ 500 1 $ 500 Construction — — 1 361 — — — — Residential mortgage 1 371 1 371 — — — — Consumer 135 1,944 158 2,260 — — — — Total 136 $ 2,315 162 $ 3,379 1 $ 500 1 $ 500 (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.

Mortgage Servicing Rights (Tabl

Mortgage Servicing Rights (Tables)	6 Months Ended
Mortgage Servicing Rights (Tables)	Jun. 30, 2021
Mortgage Servicing Rights
Schedule of estimated future amortization expense for MSRs	Estimated (dollars in thousands) Amortization Under one year $ 1,921 One to two years 1,516 Two to three years 1,230 Three to four years 1,014 Four to five years 847
Schedule of details of the Company's MSRs	June 30, December 31, (dollars in thousands) 2021 2020 Gross carrying amount $ 68,961 $ 67,856 Less: accumulated amortization 58,954 57,125 Net carrying value $ 10,007 $ 10,731
Schedule of changes in amortized MSRs	Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2021 2020 2021 2020 Balance at beginning of period $ 10,869 $ 11,979 $ 10,731 $ 12,668 Originations 421 915 1,105 2,206 Amortization (1,283) (1,299) (1,829) (3,279) Balance at end of period $ 10,007 $ 11,595 $ 10,007 $ 11,595 Fair value of amortized MSRs at beginning of period $ 14,921 $ 17,615 $ 14,029 $ 20,329 Fair value of amortized MSRs at end of period $ 13,480 $ 15,159 $ 13,480 $ 15,159
Schedule of quantitative assumptions used in determining lower of cost or fair value of MSRs	June 30, 2021 December 31, 2020 Weighted Weighted Range Average Range Average Conditional prepayment rate 14.85 % - 31.02 % 15.37 % 11.86 % - 26.52 % 16.90 % Life in years (of the MSR) 1.70 - 5.16 4.96 1.83 - 6.68 4.45 Weighted-average coupon rate 3.63 % - 6.77 % 3.75 % 3.24 % - 6.98 % 3.84 % Discount rate 10.00 % - 10.00 % 10.00 % 10.00 % - 10.00 % 10.00 %

Transfers of Financial Assets (

Transfers of Financial Assets (Tables)	6 Months Ended
Transfers of Financial Assets (Tables)	Jun. 30, 2021
Transfers of Financial Assets
Schedule of carrying amounts of assets pledged as collateral	(dollars in thousands) June 30, 2021 December 31, 2020 Public deposits $ 1,813,339 $ 2,251,508 Federal Home Loan Bank 2,623,025 2,917,317 Federal Reserve Bank 1,873,763 1,919,744 ACH transactions 113,201 111,347 Interest rate swaps 50,858 56,004 Total $ 6,474,186 $ 7,255,920

Deposits (Tables)

Deposits (Tables)	6 Months Ended
Deposits (Tables)	Jun. 30, 2021
Deposits
Schedule of deposits by category	(dollars in thousands) June 30, 2021 December 31, 2020 U.S.: Interest-bearing $ 11,393,789 $ 10,928,712 Noninterest-bearing 7,718,714 6,674,352 Foreign: Interest-bearing 851,404 776,897 Noninterest-bearing 871,208 847,762 Total deposits $ 20,835,115 $ 19,227,723
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, 2021: Under $250,000 (dollars in thousands) $250,000 or More Total Three months or less $ 171,763 $ 276,990 $ 448,753 Over three through six months 169,882 146,794 316,676 Over six through twelve months 409,825 331,625 741,450 One to two years 109,209 82,409 191,618 Two to three years 84,594 14,534 99,128 Three to four years 33,388 4,728 38,116 Four to five years 45,581 21,625 67,206 Thereafter 466 250 716 Total $ 1,024,708 $ 878,955 $ 1,903,663

Long-Term Borrowings (Tables)

Long-Term Borrowings (Tables)	6 Months Ended
Long-Term Borrowings (Tables)	Jun. 30, 2021
Long-Term Borrowings
Schedule of long-term borrowings	(dollars in thousands) June 30, 2021 December 31, 2020 Finance lease $ — $ 10 FHLB fixed-rate advances (1) 200,000 200,000 Total long-term borrowings $ 200,000 $ 200,010 (1) Interest is payable monthly.
Schedule of future contractual principal payments on long-term borrowings	Principal (dollars in thousands) Payments 2021 $ — 2022 — 2023 (1) 100,000 2024 (2) 100,000 2025 — Total $ 200,000 (1) FHLB fixed-rate advance callable on September 3, 2021 with an interest rate of 2.80% . (2) FHLB fixed-rate advance callable on October 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, 2021
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 loss at March 31, 2021 $ (59,238) $ 15,803 $ (43,435) Three months ended June 30, 2021 Investment securities: Unrealized net gains arising during the period 18,831 (5,023) 13,808 Reclassification of net gains to net income: Investment securities gains, net (102) 27 (75) Net change in investment securities 18,729 (4,996) 13,733 Other comprehensive income 18,729 (4,996) 13,733 Accumulated other comprehensive loss at June 30, 2021 $ (40,509) $ 10,807 $ (29,702) Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive income at December 31, 2020 $ 43,098 $ (11,494) $ 31,604 Six months ended June 30, 2021 Investment securities: Unrealized net losses arising during the period (83,505) 22,274 (61,231) Reclassification of net gains to net income: Investment securities gains, net (102) 27 (75) Net change in investment securities (83,607) 22,301 (61,306) Other comprehensive loss (83,607) 22,301 (61,306) Accumulated other comprehensive loss at June 30, 2021 $ (40,509) $ 10,807 $ (29,702) Income Tax Pre-tax Benefit Net of (dollars in thousands) 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 Pension and other benefits: 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
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, 2021 Balance at beginning of period $ (31,737) $ (11,698) $ (43,435) Other comprehensive income — 13,733 13,733 Balance at end of period $ (31,737) $ 2,035 $ (29,702) Six Months Ended June 30, 2021 Balance at beginning of period $ (31,737) $ 63,341 $ 31,604 Other comprehensive loss — (61,306) (61,306) Balance at end of period $ (31,737) $ 2,035 $ (29,702) 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

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	6 Months Ended
Regulatory Capital Requirements (Tables)	Jun. 30, 2021
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, 2021: Common equity tier 1 capital to risk-weighted assets $ 1,765,551 12.76 % $ 1,751,187 12.66 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,765,551 12.76 % 1,751,187 12.66 % 6.00 % 8.00 % Total capital to risk-weighted assets 1,938,829 14.01 % 1,924,461 13.91 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,765,551 7.68 % 1,751,187 7.61 % 4.00 % 5.00 % December 31, 2020: Common equity tier 1 capital to risk-weighted assets $ 1,717,008 12.47 % $ 1,699,485 12.34 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,717,008 12.47 % 1,699,485 12.34 % 6.00 % 8.00 % Total capital to risk-weighted assets 1,889,958 13.73 % 1,872,427 13.60 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,717,008 8.00 % 1,699,485 7.92 % 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, 2021
Derivative Financial Instruments
Summary of notional amounts and fair values of derivatives held	June 30, 2021 December 31, 2020 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 $ 22,066 $ — $ (963) $ 22,451 $ — $ (1,276) Derivatives not designated as hedging instruments: Interest rate swaps 2,988,086 82,703 — 3,002,333 129,888 — Visa derivative 99,059 — (2,132) 92,647 — (4,554) Interest rate caps and floors 148,800 9 (9) 148,800 7 (7) Foreign exchange contracts 71 — — 326 — — (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 2021 2020 2021 2020 Gains (losses) on fair value hedging relationships recognized in interest income (1) : Recognized on interest rate swap Loans and lease financing $ 121 $ 57 $ 313 $ (898) Recognized on hedged item Loans and lease financing (138) 35 (387) 942
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, 2021 December 31, 2020 June 30, 2021 December 31, 2020 Line item in the consolidated balance sheets in which the hedged item is included Loans and leases $ 23,600 $ 24,355 $ 1,100 $ 1,487
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 2021 2020 2021 2020 Derivatives Not Designated As Hedging Instruments: Interest rate swaps Other noninterest income $ — $ — $ — $ — Visa derivative Other noninterest income (23) 103 3 109 Foreign exchange contracts Other noninterest income — 52 — —

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	6 Months Ended
Commitments and Contingent Liabilities (Tables)	Jun. 30, 2021
Commitments and Contingent Liabilities
Schedule of financial instruments with off-balance sheet risk	June 30, December 31, (dollars in 2021 2020 Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 6,334,949 $ 5,934,535 Standby letters of credit 180,011 185,108 Commercial letters of credit 3,353 3,834

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
Revenue from Contracts with Customers (Tables)	Jun. 30, 2021
Revenue from Contracts with Customers
Summary of revenues disaggregated by type of service and business segments	Three Months Ended June 30, 2021 Treasury Retail Commercial and (dollars in Banking Banking Other Total Net interest income (1) $ 97,106 $ 40,234 $ (5,859) $ 131,481 Service charges on deposit accounts 5,788 341 503 6,632 Credit and debit card fees — 14,692 1,440 16,132 Other service charges and fees 5,983 1,590 382 7,955 Trust and investment services income 8,707 — — 8,707 Other 149 623 367 1,139 Not in scope of Topic 606 (1) 1,868 2,282 4,656 8,806 Total noninterest income 22,495 19,528 7,348 49,371 Total revenue $ 119,601 $ 59,762 $ 1,489 $ 180,852 Six Months Ended June 30, 2021 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 191,560 $ 78,500 $ (9,421) $ 260,639 Service charges on deposit accounts 11,874 564 912 13,350 Credit and debit card fees — 27,217 2,868 30,085 Other service charges and fees 11,547 2,065 734 14,346 Trust and investment services income 17,199 — — 17,199 Other 228 2,119 703 3,050 Not in scope of Topic 606 (1) 5,222 3,604 6,383 15,209 Total noninterest income 46,070 35,569 11,600 93,239 Total revenue $ 237,630 $ 114,069 $ 2,179 $ 353,878 (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, 2020 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 91,675 $ 37,565 $ (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 $ 113,847 $ 55,620 $ 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) $ 181,558 $ 71,979 $ 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 $ 230,106 $ 107,830 $ 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.

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
Earnings per Share (Tables)	Jun. 30, 2021
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 2021 2020 2021 2020 Numerator: Net income $ 86,741 $ 20,049 $ 144,434 $ 58,914 Denominator: Basic: weighted-average shares outstanding 129,392,339 129,856,730 129,661,228 129,876,218 Add: weighted-average equity-based awards 436,508 148,465 503,534 287,504 Diluted: weighted-average shares outstanding 129,828,847 130,005,195 130,164,762 130,163,722 Basic earnings per share $ 0.67 $ 0.15 $ 1.11 $ 0.45 Diluted earnings per share $ 0.67 $ 0.15 $ 1.11 $ 0.45

Noninterest Income and Nonint_2

Noninterest Income and Noninterest Expense (Tables)	6 Months Ended
Noninterest Income and Noninterest Expense (Tables)	Jun. 30, 2021
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 2021 2020 2021 2020 Three Months Ended June 30, Service cost Salaries and employee benefits $ — $ — $ 264 $ 189 Interest cost Other noninterest expense 1,231 1,621 131 164 Expected return on plan assets Other noninterest expense (766) (1,194) — — Prior service credit Other noninterest expense — — — (13) Recognized net actuarial loss (gain) Other noninterest expense 1,720 1,429 — (26) Total net periodic benefit cost $ 2,185 $ 1,856 $ 395 $ 314 Six Months Ended June 30, Service cost Salaries and employee benefits $ — $ — $ 528 $ 378 Interest cost Other noninterest expense 2,462 3,242 262 328 Expected return on plan assets Other noninterest expense (1,532) (2,388) — — Prior service credit Other noninterest expense — — — (26) Recognized net actuarial loss (gain) Other noninterest expense 3,440 2,858 — (52) Total net periodic benefit cost $ 4,370 $ 3,712 $ 790 $ 628

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
Fair Value (Tables)	Jun. 30, 2021
Fair Value
Schedule of assets and liabilities measured at fair value on a recurring basis	Fair Value Measurements as of June 30, 2021 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 $ — $ 180,772 $ — $ 180,772 Mortgage-backed securities: Residential - Government agency (1) — 113,289 — 113,289 Residential - Government-sponsored enterprises (1) — 1,263,448 — 1,263,448 Commercial - Government agency — 491,447 — 491,447 Commercial - Government-sponsored enterprises — 1,223,805 — 1,223,805 Collateralized mortgage obligations: Government agency — 1,662,134 — 1,662,134 Government-sponsored enterprises — 2,019,035 — 2,019,035 Total available-for-sale securities — 6,953,930 — 6,953,930 Other assets (2) 12,901 82,712 — 95,613 Liabilities Other liabilities (3) — (972) (2,132) (3,104) Total $ 12,901 $ 7,035,670 $ (2,132) $ 7,046,439 (1) Backed by residential real estate. (2) Other assets classified as Level 1 include mutual funds and money market funds that have quoted prices in active markets and are related to the Company’s deferred compensation plans. Other assets classified as Level 2 include derivative assets. (3) Other liabilities include derivative liabilities. Fair Value Measurements as of December 31, 2020 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 and government agency debt securities $ — $ 171,421 $ — $ 171,421 Mortgage-backed securities: Residential - Government agency (1) — 160,462 — 160,462 Residential - Government-sponsored enterprises (1) — 447,200 — 447,200 Commercial - Government agency — 599,650 — 599,650 Commercial - Government-sponsored enterprises — 932,157 — 932,157 Collateralized mortgage obligations: Government agency — 1,933,553 — 1,933,553 Government-sponsored enterprises — 1,826,972 — 1,826,972 Total available-for-sale securities — 6,071,415 — 6,071,415 Other assets (2) 11,691 129,895 — 141,586 Liabilities Other liabilities (3) — (1,283) (4,554) (5,837) Total $ 11,691 $ 6,200,027 $ (4,554) $ 6,207,164 (1) Backed by residential real estate. (2) Other assets classified as Level 1 include mutual funds and money market funds that have quoted prices in active markets and are related to the Company’s deferred compensation plans. Other assets classified as Level 2 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 2021 2020 Three Months Ended June 30, Balance as of April 1, $ (3,369) $ (3,199) Total net (losses) gains included in other noninterest income (23) 103 Settlements 1,260 1,001 Balance as of June 30, $ (2,132) $ (2,095) Total net (losses) gains included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30, $ (23) $ 103 Six Months Ended June 30, Balance as of January 1, $ (4,554) $ (4,233) Total net gains included in other noninterest income 3 109 Settlements 2,419 2,029 Balance as of June 30, $ (2,132) $ (2,095) Total net gains included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30, $ 3 $ 109
Summary of estimated fair value of financial instruments not required to be carried at fair value on a recurring basis	June 30, 2021 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 $ 1,906,298 $ 347,861 $ 1,558,437 $ — $ 1,906,298 Loans held for sale 1,241 — 1,271 — 1,271 Loans (1) 12,860,814 — — 13,044,658 13,044,658 Financial liabilities: Time deposits (2) $ 1,903,663 $ — $ 1,907,349 $ — $ 1,907,349 Long-term borrowings 200,000 — 210,874 — 210,874 December 31, 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 $ 1,040,944 $ 303,373 $ 737,571 $ — $ 1,040,944 Loans held for sale 11,579 — 12,018 — 12,018 Loans (1) 13,033,686 — — 13,255,636 13,255,636 Financial liabilities: Time deposits (2) $ 2,348,298 $ — $ 2,357,137 $ — $ 2,357,137 Long-term borrowings (3) 200,000 — 214,167 — 214,167 (1) Excludes financing leases of $243.0 million at June 30, 2021 and $245.4 million at December 31, 2020. (2) Excludes deposit liabilities with no defined or contractual maturity of $18.9 billion as of June 30, 2021 and $16.9 billion as of December 31, 2020. (3) Excludes capital lease obligations of $10 thousand as of December 31, 2020.
Schedule of assets with fair value adjustments on a nonrecurring basis	(dollars Level 1 Level 2 Level 3 June 30, 2021 Collateral-dependent loans $ — $ — $ — December 31, 2020 Collateral-dependent loans $ — $ — $ 1,840
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, 2021 Significant (dollars in thousands) Fair value Valuation Technique Unobservable Input Range Visa derivative $ (2,132) 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% Quantitative Information about Level 3 Fair Value Measurements at December 31, 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 $ (4,554) 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.

Reportable Operating Segments (

Reportable Operating Segments (Tables)	6 Months Ended
Reportable Operating Segments (Tables)	Jun. 30, 2021
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, 2021 Net interest income (expense) $ 97,106 $ 40,234 $ (5,859) $ 131,481 Benefit of provision for credit losses 12,654 17,465 4,881 35,000 Net interest income (expense) after provision for credit losses 109,760 57,699 (978) 166,481 Noninterest income 22,495 19,528 7,348 49,371 Noninterest expense (62,115) (24,993) (12,280) (99,388) Income (loss) before (provision) benefit for income taxes 70,140 52,234 (5,910) 116,464 (Provision) benefit for income taxes (17,884) (13,285) 1,446 (29,723) Net income (loss) $ 52,256 $ 38,949 $ (4,464) $ 86,741 Total assets as of June 30, 2021 $ 6,862,294 $ 6,404,153 $ 10,979,881 $ 24,246,328 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Six Months Ended June 30, 2021 Net interest income (expense) $ 191,560 $ 78,500 $ (9,421) $ 260,639 Benefit of provision for credit losses 14,124 19,495 1,381 35,000 Net interest income (expense) after provision for credit losses 205,684 97,995 (8,040) 295,639 Noninterest income 46,070 35,569 11,600 93,239 Noninterest expense (125,004) (47,471) (23,219) (195,694) Income (loss) before (provision) benefit for income taxes 126,750 86,093 (19,659) 193,184 (Provision) benefit for income taxes (32,010) (21,629) 4,889 (48,750) Net income (loss) $ 94,740 $ 64,464 $ (14,770) $ 144,434 Total assets as of June 30, 2021 $ 6,862,294 $ 6,404,153 $ 10,979,881 $ 24,246,328 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Three Months Ended June 30, 2020 Net interest income (expense) $ 91,675 $ 37,565 $ (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 67,364 12,382 (7,370) 72,376 Noninterest income 22,172 18,055 5,429 45,656 Noninterest expense (60,022) (18,062) (13,366) (91,450) Income (loss) before (provision) benefit for income taxes 29,514 12,375 (15,307) 26,582 (Provision) benefit for income taxes (7,554) (2,956) 3,977 (6,533) Net income (loss) $ 21,960 $ 9,419 $ (11,330) $ 20,049 Total assets as of June 30, 2020 $ 7,068,251 $ 6,826,032 $ 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 $ 181,558 $ 71,979 $ 12,968 $ 266,505 Provision for credit losses (44,376) (45,967) (6,303) (96,646) Net interest income after provision for credit losses 137,182 26,012 6,665 169,859 Noninterest income 48,548 35,851 10,485 94,884 Noninterest expense (121,666) (39,567) (26,683) (187,916) Income (loss) before (provision) benefit for income taxes 64,064 22,296 (9,533) 76,827 (Provision) benefit for income taxes (15,077) (5,601) 2,765 (17,913) Net income (loss) $ 48,987 $ 16,695 $ (6,768) $ 58,914 Total assets as of June 30, 2020 $ 7,068,251 $ 6,826,032 $ 9,099,432 $ 22,993,715

Organization and Basis of Pre_3

Organization and Basis of Presentation - Basis of Presentation (Details)	Jun. 30, 2021
First Hawaiian, Inc. (FHI)
Capitalization
Outstanding common stock owned (as a percent)	100.00%

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Value of Securities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Available for sale debt securities
Amortized Cost	$ 6,951,153	$ 5,985,031
Unrealized Gains	62,393	97,114
Unrealized Losses	(59,616)	(10,730)
Fair value	6,953,930	6,071,415
Available-for-sale investment securities
Accrued interest receivable related to available-for-sale investment securities	11,600	10,600
U.S. Treasury and government agency debt securities
Available for sale debt securities
Amortized Cost	182,354	170,123
Unrealized Gains	545	1,359
Unrealized Losses	(2,127)	(61)
Fair value	180,772	171,421
Residential - Government agency
Available for sale debt securities
Amortized Cost	110,115	155,169
Unrealized Gains	3,174	5,293
Fair value	113,289	160,462
Residential - Government-sponsored enterprises
Available for sale debt securities
Amortized Cost	1,257,032	434,282
Unrealized Gains	10,776	13,643
Unrealized Losses	(4,360)	(725)
Fair value	1,263,448	447,200
Commercial - Government agency
Available for sale debt securities
Amortized Cost	487,607	583,232
Unrealized Gains	6,956	16,537
Unrealized Losses	(3,116)	(119)
Fair value	491,447	599,650
Commercial - Government-sponsored enterprises
Available for sale debt securities
Amortized Cost	1,244,031	931,095
Unrealized Gains	7,116	9,045
Unrealized Losses	(27,342)	(7,983)
Fair value	1,223,805	932,157
Government agency
Available for sale debt securities
Amortized Cost	1,645,170	1,902,326
Unrealized Gains	22,631	32,246
Unrealized Losses	(5,667)	(1,019)
Fair value	1,662,134	1,933,553
Government-sponsored enterprises
Available for sale debt securities
Amortized Cost	2,024,844	1,808,804
Unrealized Gains	11,195	18,991
Unrealized Losses	(17,004)	(823)
Fair value	$ 2,019,035	$ 1,826,972

Investment Securities - Proceed

Investment Securities - Proceeds from Calls and Sales, Realized Gains and Losses and Interest Income Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Proceeds from calls and sales of investment securities and other assets
Proceeds from calls of investment securities	$ 0.2	$ 26.7	$ 0.3	$ 101.7
Proceeds from sales of investment securities	2.5	539.5	2.5	543
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract]
Gross realized gains on sales of investment securities	0.1	0.5		0.6
Gross realized losses on sales of investment securities		0.8	0	0.8
Income tax benefit related to net realized loss on sale of investment securities		0.1		0
Income tax expense related to net realized gains on sale of investment securities	0		0
Interest income from taxable and nontaxable investment securities
Interest income from taxable investment securities	22.4	17.5	44.6	38.7
Interest income from non-taxable investment securities	$ 2.2	$ 0	$ 3.2	$ 0

Investment Securities - Amort_2

Investment Securities - Amortized Cost and Fair Value, by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Amortized Cost
Due after one year through five years	$ 41,497
Due after five years through ten years	83,608
Due after ten years	57,249
Total contractual maturities	182,354
Amortized Cost	6,951,153	$ 5,985,031
Fair Value
Due after one year through five years	41,787
Due after five years through ten years	82,670
Due after ten years	56,315
Total contractual maturities	180,772
Fair value	6,953,930	6,071,415
Mortgage-backed securities:
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	3,098,785
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	3,091,989
Residential - Government agency
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	110,115
Amortized Cost	110,115	155,169
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	113,289
Fair value	113,289	160,462
Residential - Government-sponsored enterprises
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	1,257,032
Amortized Cost	1,257,032	434,282
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	1,263,448
Fair value	1,263,448	447,200
Commercial - Government agency
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	487,607
Amortized Cost	487,607	583,232
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	491,447
Fair value	491,447	599,650
Commercial - Government-sponsored enterprises
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	1,244,031
Amortized Cost	1,244,031	931,095
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	1,223,805
Fair value	1,223,805	932,157
Collateralized mortgage obligations
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	3,670,014
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	3,681,169
Government agency
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	1,645,170
Amortized Cost	1,645,170	1,902,326
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	1,662,134
Fair value	1,662,134	1,933,553
Government-sponsored enterprises
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	2,024,844
Amortized Cost	2,024,844	1,808,804
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	2,019,035
Fair value	$ 2,019,035	$ 1,826,972

Investment Securities - Pledged

Investment Securities - Pledged Securities and Concentration Narrative (Details) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Pledged securities
Total pledged securities	$ 2,000,000,000	$ 2,000,000,000	$ 2,400,000,000
Securities pledged to secure public deposits	1,813,339,000	1,813,339,000	2,251,508,000
Securities pledged to secure other financial transactions	192,800,000	192,800,000	186,100,000
Concentration of risk
Credit losses recognized on securities	0	0	0
Non-government issuer
Concentration of risk
Securities of issuers in excess of 10% of stockholders' equity	$ 0	$ 0	$ 0

Investment Securities - Unreali

Investment Securities - Unrealized Gross Losses and Fair Values of Securities in a Continuous Loss Position (Details)	Jun. 30, 2021USD ($)security	Dec. 31, 2020USD ($)security
Securities in the available-for-sale portfolio in a continuous loss position
Number of individual securities in a continuous loss position \| security	162	50
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	$ (59,399,000)	$ (10,705,000)
12 Months or More Unrealized Losses	(217,000)	(25,000)
Total Unrealized Losses	(59,616,000)	(10,730,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	3,499,015,000	1,068,883,000
12 Months or More Fair Value	7,064,000	6,190,000
Total Fair Value	3,506,079,000	1,075,073,000
Credit losses	0	0
Amortized cost basis	0	0
U.S. Treasury and government agency debt securities
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(2,127,000)	(61,000)
Total Unrealized Losses	(2,127,000)	(61,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	120,987,000	38,507,000
Total Fair Value	120,987,000	38,507,000
Residential - Government-sponsored enterprises
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(4,360,000)	(725,000)
Total Unrealized Losses	(4,360,000)	(725,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	618,414,000	64,987,000
Total Fair Value	618,414,000	64,987,000
Commercial - Government agency
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(2,899,000)	(119,000)
12 Months or More Unrealized Losses	(217,000)
Total Unrealized Losses	(3,116,000)	(119,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	193,041,000	32,346,000
12 Months or More Fair Value	7,064,000
Total Fair Value	200,105,000	32,346,000
Commercial - Government-sponsored enterprises
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(27,342,000)	(7,983,000)
Total Unrealized Losses	(27,342,000)	(7,983,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	865,899,000	427,759,000
Total Fair Value	865,899,000	427,759,000
Government agency
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(5,667,000)	(994,000)
12 Months or More Unrealized Losses		(25,000)
Total Unrealized Losses	(5,667,000)	(1,019,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	463,392,000	209,124,000
12 Months or More Fair Value		6,190,000
Total Fair Value	463,392,000	215,314,000
Government-sponsored enterprises
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(17,004,000)	(823,000)
Total Unrealized Losses	(17,004,000)	(823,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	1,237,282,000	296,160,000
Total Fair Value	$ 1,237,282,000	$ 296,160,000

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, 2021USD ($)shares	Dec. 31, 2020USD ($)shares	Oct. 31, 2019USD ($)	Sep. 30, 2019	Sep. 27, 2019	Jul. 31, 2018USD ($)	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	120,000
Cost basis			$ 0	$ 0
Visa Derivative \| Class B restricted shares
Visa Class B Restricted Shares
Conversion rate						1.6228	1.6228		1.6298	1.6298	1.6483
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, 2021	Dec. 31, 2020
Loans and leases
Loans and Leases	$ 13,103,785	$ 13,279,097
Outstanding loan balances, deferred loan costs and fees	20,400	26,100
Accrued interest receivable related to loans and leases recorded separately	55,100	59,000
Residential real estate loans pledged to collateralize the borrowing capacity at the FHLB	2,600,000	2,900,000
Consumer, commercial and industrial, commercial real estate and residential real estate loans pledged to collateralize the borrowing capacity at the FRB	1,900,000	1,900,000
Real estate
Loans and leases
Loans and Leases	4,646,775	4,531,842
Commercial and Industrial
Loans and leases
Loans and Leases	2,564,547	3,019,507
Commercial and Industrial \| Real estate
Loans and leases
Loans and Leases	2,564,547	3,019,507
Commercial Real Estate
Loans and leases
Loans and Leases	3,528,068	3,392,676
Commercial Real Estate \| Real estate
Loans and leases
Loans and Leases	3,528,068	3,392,676
Construction
Loans and leases
Loans and Leases	853,865	735,819
Construction \| Real estate
Loans and leases
Loans and Leases	853,865	735,819
Residential
Loans and leases
Properties in the process of foreclosure	2,600	2,300
Residential \| Real estate
Loans and leases
Loans and Leases	3,821,407	3,690,218
Consumer \| Real estate
Loans and leases
Loans and Leases	1,267,559	1,353,842
Lease financing
Loans and leases
Loans and Leases	242,971	245,411
Home equity line \| Real estate
Loans and leases
Loans and Leases	825,368	841,624
Residential mortgage \| Residential
Loans and leases
Loans and Leases	3,821,407	3,690,218
Home equity \| Home equity Line
Loans and leases
Loans and Leases	$ 825,368	$ 841,624

Allowance for Credit Losses - A

Allowance for Credit Losses - Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Allowance for loan and lease losses:
Balance at beginning of period	$ 200,366	$ 166,013	$ 208,454	$ 130,530
Charge-offs	(4,247)	(25,997)	(11,915)	(34,803)
Recoveries	3,148	2,611	6,228	5,281
Increase (decrease) in Provision	(30,119)	49,493	(33,619)	90,342
Balance at end of period	169,148	192,120	169,148	192,120
Commercial Lending
Allowance for loan and lease losses:
Balance at beginning of period				4,844
Charge-offs				(379)
Recoveries				140
Increase (decrease) in Provision				2,474
Balance at end of period		5,276		5,276
Commercial and Industrial
Allowance for loan and lease losses:
Balance at beginning of period	27,322	20,884	24,711	28,975
Charge-offs	(330)	(13,974)	(1,293)	(14,175)
Recoveries	287	100	502	320
Increase (decrease) in Provision	(4,216)	14,289	(857)	22,284
Balance at end of period	23,063	21,299	23,063	21,299
Commercial Real Estate
Allowance for loan and lease losses:
Balance at beginning of period	51,691	42,838	58,123	22,325
Charge-offs		(2,723)	(66)	(2,723)
Recoveries	12		15
Increase (decrease) in Provision	(4,670)	13,007	(11,039)	22,961
Balance at end of period	47,033	53,122	47,033	53,122
Construction
Allowance for loan and lease losses:
Balance at beginning of period	10,552	8,824	10,039
Charge-offs		(379)
Recoveries		30	166
Increase (decrease) in Provision	(400)	(3,199)	(53)
Balance at end of period	10,152	5,276	10,152	5,276
Lease financing
Allowance for loan and lease losses:
Balance at beginning of period	3,197	851	3,298	424
Increase (decrease) in Provision	(130)	2,986	(231)	3,206
Balance at end of period	3,067	3,837	3,067	3,837
Total
Allowance for loan and lease losses:
Balance at beginning of period				139
Residential mortgage \| Residential
Allowance for loan and lease losses:
Balance at beginning of period	38,471	30,021	40,461	29,303
Charge-offs		(14)	(98)	(14)
Recoveries	14	17	31	152
Increase (decrease) in Provision	(4,277)	3,850	(6,186)	7,226
Balance at end of period	34,208	33,874	34,208	33,874
Home equity \| Residential
Allowance for loan and lease losses:
Balance at beginning of period	6,668	6,556	7,163	9,876
Charge-offs				(8)
Recoveries	38	8	62	130
Increase (decrease) in Provision	(456)	1,071	(975)	2,368
Balance at end of period	6,250	7,635	6,250	7,635
Consumer loans \| Consumer
Allowance for loan and lease losses:
Balance at beginning of period	62,465	56,039	64,659	34,644
Charge-offs	(3,917)	(8,907)	(10,458)	(17,504)
Recoveries	2,797	2,456	5,452	4,539
Increase (decrease) in Provision	(15,970)	17,489	(14,278)	29,823
Balance at end of period	$ 45,375	$ 67,077	$ 45,375	67,077
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments
Allowance for loan and lease losses:
Balance at beginning of period				770
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments \| Commercial Lending
Allowance for loan and lease losses:
Balance at beginning of period				(1,803)
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments \| Commercial and Industrial
Allowance for loan and lease losses:
Balance at beginning of period				(16,105)
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments \| Commercial Real Estate
Allowance for loan and lease losses:
Balance at beginning of period				10,559
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments \| Lease financing
Allowance for loan and lease losses:
Balance at beginning of period				207
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments \| Total
Allowance for loan and lease losses:
Balance at beginning of period				(139)
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments \| Residential mortgage \| Residential
Allowance for loan and lease losses:
Balance at beginning of period				(2,793)
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments \| Home equity \| Residential
Allowance for loan and lease losses:
Balance at beginning of period				(4,731)
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments \| Consumer loans \| Consumer
Allowance for loan and lease losses:
Balance at beginning of period				$ 15,575

Allowance for Credit Losses - R

Allowance for Credit Losses - Reserve for Unfunded Commitments (Details) - Reserve for unfunded commitments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	$ 34,103	$ 17,251	$ 30,603	$ 600
Increase (decrease) in Provision	(4,881)	5,953	(1,381)	6,304
Reserve for unfunded commitments, ending balance	29,222	23,204	29,222	23,204
Commercial and Industrial
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	16,129	4,791	11,719
Increase (decrease) in Provision	(3,321)	3,390	1,089	2,791
Reserve for unfunded commitments, ending balance	12,808	8,181	12,808	8,181
Commercial Real Estate
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	1,112	696	1,328
Increase (decrease) in Provision	(134)	472	(350)	390
Reserve for unfunded commitments, ending balance	978	1,168	978	1,168
Construction
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	8,313	4,813	9,037
Increase (decrease) in Provision	(440)	1,095	(1,164)	1,789
Reserve for unfunded commitments, ending balance	7,873	5,908	7,873	5,908
Residential mortgage
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance		1	2
Increase (decrease) in Provision		2	(2)	(4)
Reserve for unfunded commitments, ending balance		3		3
Home equity
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	8,500	6,927	8,452
Increase (decrease) in Provision	(979)	963	(931)	1,303
Reserve for unfunded commitments, ending balance	7,521	7,890	7,521	7,890
Consumer
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	49	23	65	600
Increase (decrease) in Provision	(7)	31	(23)	35
Reserve for unfunded commitments, ending balance	$ 42	$ 54	$ 42	54
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance				16,300
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments \| Commercial and Industrial
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance				5,390
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments \| Commercial Real Estate
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance				778
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments \| Construction
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance				4,119
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments \| Residential mortgage
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance				7
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments \| Home equity
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance				6,587
ASU No. 2016-13 \| Cumulative-effect adjustment of a change in accounting principle, net of tax: ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments \| Consumer
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance				$ (581)

Allowance for Credit Losses -_2

Allowance for Credit Losses - Amortized Cost Basis by Year of Origination and Credit Quality Indicator (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Credit quality
2020/2021		$ 2,543,705,000
2019/2020		2,120,213,000
2018/2019		1,644,201,000
2017/2018		1,291,172,000
2016/2017		882,520,000
Prior		2,236,923,000
Revolving Loans Amortized Cost Basis		2,516,240,000
Revolving Loans Converted to Term Loans Amortized Cost Basis		44,123,000
Total amortized cost basis		13,279,097,000
Loans and Leases	$ 13,103,785,000	13,279,097,000
Loss
Credit quality
Loans and Leases	0	0
Residential mortgage
Credit quality
2020/2021	671,281,000	864,559,000
2019/2020	803,083,000	482,495,000
2018/2019	418,810,000	389,725,000
2017/2018	308,919,000	471,962,000
2016/2017	388,376,000	391,156,000
Prior	1,230,158,000	1,089,580,000
Revolving Loans Amortized Cost Basis	625,000	578,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	155,000	163,000
Total amortized cost basis	3,821,407,000	3,690,218,000
Residential mortgage \| 740 and greater
Credit quality
2020/2021	570,542,000	728,807,000
2019/2020	675,163,000	384,248,000
2018/2019	329,047,000	290,484,000
2017/2018	224,827,000	361,297,000
2016/2017	293,853,000	314,971,000
Prior	958,515,000	830,795,000
Total amortized cost basis	3,051,947,000	2,910,602,000
Residential mortgage \| 680 - 739
Credit quality
2020/2021	68,225,000	85,151,000
2019/2020	86,857,000	53,090,000
2018/2019	50,699,000	44,616,000
2017/2018	43,075,000	50,703,000
2016/2017	42,753,000	39,230,000
Prior	144,223,000	144,537,000
Total amortized cost basis	435,832,000	417,327,000
Residential mortgage \| 620 - 679
Credit quality
2020/2021	11,867,000	15,767,000
2019/2020	12,564,000	7,604,000
2018/2019	9,988,000	11,460,000
2017/2018	6,352,000	9,628,000
2016/2017	9,310,000	7,982,000
Prior	41,478,000	43,393,000
Total amortized cost basis	91,559,000	95,834,000
Residential mortgage \| 550 - 619
Credit quality
2019/2020	1,018,000	1,971,000
2018/2019	171,000	2,818,000
2017/2018	1,322,000	2,920,000
2016/2017	1,752,000	4,474,000
Prior	11,788,000	10,144,000
Total amortized cost basis	16,051,000	22,327,000
Residential mortgage \| Less than 550
Credit quality
2019/2020	1,274,000	861,000
2018/2019		593,000
2017/2018	346,000	2,916,000
2016/2017	2,545,000	594,000
Prior	2,807,000	2,138,000
Total amortized cost basis	6,972,000	7,102,000
Residential mortgage \| No Score
Credit quality
2020/2021	10,207,000	13,823,000
2019/2020	8,602,000	18,861,000
2018/2019	15,988,000	21,214,000
2017/2018	21,087,000	21,821,000
2016/2017	18,814,000	14,355,000
Prior	51,217,000	45,147,000
Total amortized cost basis	125,915,000	135,221,000
Residential mortgage \| Other
Credit quality
2020/2021	10,440,000	21,011,000
2019/2020	17,605,000	15,860,000
2018/2019	12,917,000	18,540,000
2017/2018	11,910,000	22,677,000
2016/2017	19,349,000	9,550,000
Prior	20,130,000	13,426,000
Revolving Loans Amortized Cost Basis	625,000	578,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	155,000	163,000
Total amortized cost basis	93,131,000	101,805,000
Home equity
Credit quality
Revolving Loans Amortized Cost Basis		833,521,000
Revolving Loans Converted to Term Loans Amortized Cost Basis		8,103,000
Total amortized cost basis		841,624,000
Home equity \| 740 and greater
Credit quality
Revolving Loans Amortized Cost Basis		608,282,000
Revolving Loans Converted to Term Loans Amortized Cost Basis		2,163,000
Total amortized cost basis		610,445,000
Home equity \| 680 - 739
Credit quality
Revolving Loans Amortized Cost Basis		159,886,000
Revolving Loans Converted to Term Loans Amortized Cost Basis		3,155,000
Total amortized cost basis		163,041,000
Home equity \| 620 - 679
Credit quality
Revolving Loans Amortized Cost Basis		44,005,000
Revolving Loans Converted to Term Loans Amortized Cost Basis		1,571,000
Total amortized cost basis		45,576,000
Home equity \| 550 - 619
Credit quality
Revolving Loans Amortized Cost Basis		11,644,000
Revolving Loans Converted to Term Loans Amortized Cost Basis		884,000
Total amortized cost basis		12,528,000
Home equity \| Less than 550
Credit quality
Revolving Loans Amortized Cost Basis		5,159,000
Revolving Loans Converted to Term Loans Amortized Cost Basis		330,000
Total amortized cost basis		5,489,000
Home equity \| No Score
Credit quality
Revolving Loans Amortized Cost Basis		4,545,000
Total amortized cost basis		4,545,000
Consumer loans
Credit quality
2020/2021		250,019,000
2019/2020		295,128,000
2018/2019		226,757,000
2017/2018		139,788,000
2016/2017		62,534,000
Prior		25,576,000
Revolving Loans Amortized Cost Basis		349,158,000
Revolving Loans Converted to Term Loans Amortized Cost Basis		4,882,000
Total amortized cost basis		1,353,842,000
Consumer loans \| 740 and greater
Credit quality
2020/2021		113,373,000
2019/2020		122,965,000
2018/2019		99,678,000
2017/2018		54,691,000
2016/2017		24,029,000
Prior		6,034,000
Revolving Loans Amortized Cost Basis		114,748,000
Revolving Loans Converted to Term Loans Amortized Cost Basis		275,000
Total amortized cost basis		535,793,000
Consumer loans \| 680 - 739
Credit quality
2020/2021		83,316,000
2019/2020		90,853,000
2018/2019		66,143,000
2017/2018		36,426,000
2016/2017		16,358,000
Prior		4,985,000
Revolving Loans Amortized Cost Basis		76,391,000
Revolving Loans Converted to Term Loans Amortized Cost Basis		773,000
Total amortized cost basis		375,245,000
Consumer loans \| 620 - 679
Credit quality
2020/2021		40,469,000
2019/2020		48,904,000
2018/2019		33,917,000
2017/2018		24,705,000
2016/2017		11,144,000
Prior		3,788,000
Revolving Loans Amortized Cost Basis		36,622,000
Revolving Loans Converted to Term Loans Amortized Cost Basis		1,221,000
Total amortized cost basis		200,770,000
Consumer loans \| 550 - 619
Credit quality
2020/2021		9,125,000
2019/2020		20,274,000
2018/2019		17,693,000
2017/2018		15,126,000
2016/2017		7,825,000
Prior		2,883,000
Revolving Loans Amortized Cost Basis		12,980,000
Revolving Loans Converted to Term Loans Amortized Cost Basis		1,458,000
Total amortized cost basis		87,364,000
Consumer loans \| Less than 550
Credit quality
2020/2021		3,017,000
2019/2020		10,139,000
2018/2019		9,189,000
2017/2018		6,517,000
2016/2017		3,123,000
Prior		1,118,000
Revolving Loans Amortized Cost Basis		5,261,000
Revolving Loans Converted to Term Loans Amortized Cost Basis		799,000
Total amortized cost basis		39,163,000
Consumer loans \| No Score
Credit quality
2020/2021		339,000
2019/2020		103,000
2018/2019		64,000
2017/2018		109,000
2016/2017		10,000
Revolving Loans Amortized Cost Basis		33,854,000
Revolving Loans Converted to Term Loans Amortized Cost Basis		356,000
Total amortized cost basis		34,835,000
Consumer loans \| Other
Credit quality
2020/2021		380,000
2019/2020		1,890,000
2018/2019		73,000
2017/2018		2,214,000
2016/2017		45,000
Prior		6,768,000
Revolving Loans Amortized Cost Basis		69,302,000
Total amortized cost basis		80,672,000
Residential and consumer
Credit quality
2020/2021	1,818,668,000
2019/2020	1,992,502,000
2018/2019	1,928,978,000
2017/2018	1,424,076,000
2016/2017	1,110,131,000
Prior	2,769,127,000
Revolving Loans Amortized Cost Basis	2,021,085,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	39,218,000
Total amortized cost basis	13,103,785,000
Residential
Credit quality
2020/2021	671,281,000	864,559,000
2019/2020	803,083,000	482,495,000
2018/2019	418,810,000	389,725,000
2017/2018	308,919,000	471,962,000
2016/2017	388,376,000	391,156,000
Prior	1,230,158,000	1,089,580,000
Revolving Loans Amortized Cost Basis	817,278,000	834,099,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	8,870,000	8,266,000
Total amortized cost basis	4,646,775,000	4,531,842,000
Residential \| Residential mortgage
Credit quality
Loans and Leases	3,821,407,000	3,690,218,000
Home equity Line \| Home equity
Credit quality
Loans and Leases	825,368,000	841,624,000
Consumer
Credit quality
2020/2021	158,666,000
2019/2020	213,328,000
2018/2019	237,027,000
2017/2018	171,152,000
2016/2017	99,480,000
Prior	46,451,000
Revolving Loans Amortized Cost Basis	336,764,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	4,691,000
Total amortized cost basis	1,267,559,000
Consumer \| 740 and greater
Credit quality
2020/2021	82,086,000
2019/2020	97,867,000
2018/2019	100,874,000
2017/2018	77,671,000
2016/2017	38,340,000
Prior	16,537,000
Revolving Loans Amortized Cost Basis	112,925,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	284,000
Total amortized cost basis	526,584,000
Consumer \| 680 - 739
Credit quality
2020/2021	50,771,000
2019/2020	70,303,000
2018/2019	73,024,000
2017/2018	48,071,000
2016/2017	26,097,000
Prior	12,183,000
Revolving Loans Amortized Cost Basis	70,627,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	747,000
Total amortized cost basis	351,823,000
Consumer \| 620 - 679
Credit quality
2020/2021	21,372,000
2019/2020	31,170,000
2018/2019	37,145,000
2017/2018	25,852,000
2016/2017	17,799,000
Prior	9,120,000
Revolving Loans Amortized Cost Basis	31,515,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,258,000
Total amortized cost basis	175,231,000
Consumer \| 550 - 619
Credit quality
2020/2021	2,887,000
2019/2020	9,729,000
2018/2019	17,206,000
2017/2018	14,016,000
2016/2017	11,217,000
Prior	6,263,000
Revolving Loans Amortized Cost Basis	10,652,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,234,000
Total amortized cost basis	73,204,000
Consumer \| Less than 550
Credit quality
2020/2021	322,000
2019/2020	3,826,000
2018/2019	6,934,000
2017/2018	5,439,000
2016/2017	3,757,000
Prior	2,295,000
Revolving Loans Amortized Cost Basis	3,184,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	748,000
Total amortized cost basis	26,505,000
Consumer \| No Score
Credit quality
2020/2021	834,000
2019/2020	63,000
2018/2019	85,000
2017/2018	51,000
2016/2017	87,000
Prior	4,000
Revolving Loans Amortized Cost Basis	33,144,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	420,000
Total amortized cost basis	34,688,000
Consumer \| Other
Credit quality
2020/2021	394,000
2019/2020	370,000
2018/2019	1,759,000
2017/2018	52,000
2016/2017	2,183,000
Prior	49,000
Revolving Loans Amortized Cost Basis	74,717,000
Total amortized cost basis	79,524,000
Consumer \| Consumer loans
Credit quality
Loans and Leases	1,267,559,000	1,353,842,000
Home equity line
Credit quality
Revolving Loans Amortized Cost Basis	816,653,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	8,715,000
Total amortized cost basis	825,368,000
Home equity line \| 740 and greater
Credit quality
Revolving Loans Amortized Cost Basis	610,924,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,757,000
Total amortized cost basis	612,681,000
Home equity line \| 680 - 739
Credit quality
Revolving Loans Amortized Cost Basis	147,286,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	3,619,000
Total amortized cost basis	150,905,000
Home equity line \| 620 - 679
Credit quality
Revolving Loans Amortized Cost Basis	39,660,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	2,036,000
Total amortized cost basis	41,696,000
Home equity line \| 550 - 619
Credit quality
Revolving Loans Amortized Cost Basis	12,966,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,256,000
Total amortized cost basis	14,222,000
Home equity line \| Less than 550
Credit quality
Revolving Loans Amortized Cost Basis	2,025,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	47,000
Total amortized cost basis	2,072,000
Home equity line \| No Score
Credit quality
Revolving Loans Amortized Cost Basis	3,792,000
Total amortized cost basis	3,792,000
Commercial and Industrial
Credit quality
2020/2021	616,699,000	931,522,000
2019/2020	447,374,000	349,849,000
2018/2019	288,908,000	215,307,000
2017/2018	171,682,000	81,113,000
2016/2017	53,921,000	56,095,000
Prior	221,845,000	111,069,000
Revolving Loans Amortized Cost Basis	738,463,000	1,243,900,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	25,655,000	30,652,000
Total amortized cost basis	2,564,547,000	3,019,507,000
Loans and Leases	2,564,547,000	3,019,507,000
Commercial and Industrial \| Pass
Credit quality
2020/2021	606,765,000	873,639,000
2019/2020	422,457,000	324,030,000
2018/2019	242,554,000	183,329,000
2017/2018	136,069,000	73,000,000
2016/2017	48,828,000	49,886,000
Prior	207,502,000	94,360,000
Revolving Loans Amortized Cost Basis	674,340,000	1,058,786,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	23,935,000	28,853,000
Total amortized cost basis	2,362,450,000	2,685,883,000
Commercial and Industrial \| Special mention
Credit quality
2020/2021	122,000	20,937,000
2019/2020	8,994,000	10,370,000
2018/2019	33,617,000	20,164,000
2017/2018	12,735,000	2,099,000
2016/2017	1,425,000	279,000
Prior	4,647,000	8,316,000
Revolving Loans Amortized Cost Basis	14,338,000	101,183,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	376,000	1,549,000
Total amortized cost basis	76,254,000	164,897,000
Commercial and Industrial \| Substandard
Credit quality
2020/2021		23,804,000
2019/2020	7,149,000	2,023,000
2018/2019	2,400,000	2,568,000
2017/2018	16,246,000	677,000
2016/2017	137,000	4,063,000
Prior	8,731,000	8,113,000
Revolving Loans Amortized Cost Basis	6,397,000	33,775,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,344,000	250,000
Total amortized cost basis	42,404,000	75,273,000
Commercial and Industrial \| Other
Credit quality
2020/2021	9,812,000	13,142,000
2019/2020	8,774,000	13,426,000
2018/2019	10,337,000	9,246,000
2017/2018	6,632,000	5,337,000
2016/2017	3,531,000	1,867,000
Prior	965,000	280,000
Revolving Loans Amortized Cost Basis	43,388,000	50,156,000
Total amortized cost basis	83,439,000	93,454,000
Commercial Real Estate
Credit quality
2020/2021	288,366,000	344,374,000
2019/2020	343,906,000	678,824,000
2018/2019	624,460,000	586,274,000
2017/2018	580,630,000	484,627,000
2016/2017	484,642,000	343,882,000
Prior	1,134,181,000	894,258,000
Revolving Loans Amortized Cost Basis	71,881,000	60,114,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	2,000	323,000
Total amortized cost basis	3,528,068,000	3,392,676,000
Loans and Leases	3,528,068,000	3,392,676,000
Commercial Real Estate \| Pass
Credit quality
2020/2021	288,366,000	342,845,000
2019/2020	342,013,000	611,243,000
2018/2019	571,608,000	541,104,000
2017/2018	557,533,000	447,366,000
2016/2017	449,551,000	295,426,000
Prior	1,055,803,000	814,398,000
Revolving Loans Amortized Cost Basis	63,775,000	47,604,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	2,000	323,000
Total amortized cost basis	3,328,651,000	3,100,309,000
Commercial Real Estate \| Special mention
Credit quality
2020/2021		1,500,000
2019/2020	1,482,000	63,617,000
2018/2019	52,852,000	26,187,000
2017/2018	16,081,000	33,482,000
2016/2017	33,022,000	37,841,000
Prior	55,933,000	61,279,000
Revolving Loans Amortized Cost Basis	7,604,000	2,999,000
Total amortized cost basis	166,974,000	226,905,000
Commercial Real Estate \| Substandard
Credit quality
2020/2021		29,000
2019/2020	411,000	3,964,000
2018/2019		18,983,000
2017/2018	7,016,000	3,779,000
2016/2017	2,069,000	10,615,000
Prior	21,962,000	18,083,000
Revolving Loans Amortized Cost Basis	502,000	9,511,000
Total amortized cost basis	31,960,000	64,964,000
Commercial Real Estate \| Other
Credit quality
Prior	483,000	498,000
Total amortized cost basis	483,000	498,000
Construction
Credit quality
2020/2021	61,421,000	70,509,000
2019/2020	112,185,000	250,631,000
2018/2019	302,146,000	211,831,000
2017/2018	179,811,000	94,034,000
2016/2017	65,936,000	25,492,000
Prior	75,667,000	54,353,000
Revolving Loans Amortized Cost Basis	56,699,000	28,969,000
Total amortized cost basis	853,865,000	735,819,000
Loans and Leases	853,865,000	735,819,000
Construction \| Pass
Credit quality
2020/2021	49,592,000	53,931,000
2019/2020	97,149,000	233,730,000
2018/2019	296,405,000	202,808,000
2017/2018	173,352,000	83,792,000
2016/2017	62,983,000	23,171,000
Prior	70,998,000	41,536,000
Revolving Loans Amortized Cost Basis	55,892,000	28,386,000
Total amortized cost basis	806,371,000	667,354,000
Construction \| Special mention
Credit quality
2019/2020		508,000
2018/2019	494,000	707,000
2017/2018	705,000	4,717,000
Prior	361,000	9,172,000
Total amortized cost basis	1,560,000	15,104,000
Construction \| Substandard
Credit quality
2018/2019		541,000
2017/2018	373,000	1,840,000
2016/2017		521,000
Prior	1,378,000	989,000
Total amortized cost basis	1,751,000	3,891,000
Construction \| Other
Credit quality
2020/2021	11,829,000	16,578,000
2019/2020	15,036,000	16,393,000
2018/2019	5,247,000	7,775,000
2017/2018	5,381,000	3,685,000
2016/2017	2,953,000	1,800,000
Prior	2,930,000	2,656,000
Revolving Loans Amortized Cost Basis	807,000	583,000
Total amortized cost basis	44,183,000	49,470,000
Lease financing
Credit quality
2020/2021	22,235,000	82,722,000
2019/2020	72,626,000	63,286,000
2018/2019	57,627,000	14,307,000
2017/2018	11,882,000	19,648,000
2016/2017	17,776,000	3,361,000
Prior	60,825,000	62,087,000
Total amortized cost basis	242,971,000	245,411,000
Loans and Leases	242,971,000	245,411,000
Lease financing \| Pass
Credit quality
2020/2021	21,690,000	79,064,000
2019/2020	69,598,000	60,717,000
2018/2019	55,494,000	13,669,000
2017/2018	11,376,000	17,207,000
2016/2017	16,623,000	3,010,000
Prior	60,091,000	61,266,000
Total amortized cost basis	234,872,000	234,933,000
Lease financing \| Special mention
Credit quality
2020/2021	545,000	950,000
2019/2020	308,000	892,000
2018/2019	465,000	311,000
2017/2018	246,000	1,300,000
2016/2017	81,000	351,000
Prior	232,000	295,000
Total amortized cost basis	1,877,000	4,099,000
Lease financing \| Substandard
Credit quality
2020/2021		2,708,000
2019/2020	2,720,000	1,677,000
2018/2019	1,668,000	327,000
2017/2018	260,000	1,141,000
2016/2017	1,072,000
Prior	502,000	526,000
Total amortized cost basis	6,222,000	6,379,000
Commercial Lending
Credit quality
2020/2021	988,721,000	1,429,127,000
2019/2020	976,091,000	1,342,590,000
2018/2019	1,273,141,000	1,027,719,000
2017/2018	944,005,000	679,422,000
2016/2017	622,275,000	428,830,000
Prior	1,492,518,000	1,121,767,000
Revolving Loans Amortized Cost Basis	867,043,000	1,332,983,000
Revolving Loans Converted to Term Loans Amortized Cost Basis	25,657,000	30,975,000
Total amortized cost basis	$ 7,189,451,000	$ 7,393,413,000

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Credit quality
Total Revolving Loans Converted to Term Loans During the Period	$ 1,011	$ 4,222	$ 2,812	$ 32,746
Commercial and Industrial
Credit quality
Total Revolving Loans Converted to Term Loans During the Period	30	294	259	28,522
Home equity Line
Credit quality
Total Revolving Loans Converted to Term Loans During the Period	538	$ 3,928	1,617	3,928
Consumer
Credit quality
Total Revolving Loans Converted to Term Loans During the Period	$ 443		$ 936
Residential Mortgage.
Credit quality
Total Revolving Loans Converted to Term Loans During the Period				$ 296

Allowance for Credit Losses -_4

Allowance for Credit Losses - Aging of Analysis of Past Due Loans and Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	$ 13,103,785	$ 13,279,097
Loans and Leases Past Due 90 Days or More and Still Accruing Interest		11,167
30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	24,793	26,688
60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	4,517	13,621
Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	12,064	17,182
Loans and Leases Past Due 90 Days or More and Still Accruing Interest	6,368
Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	41,374	57,491
Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	13,062,411	13,221,606
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	2,564,547	3,019,507
Loans and Leases Past Due 90 Days or More and Still Accruing Interest		2,108
Commercial and Industrial \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	6,835	2,585
Commercial and Industrial \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	380	604
Commercial and Industrial \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	1,140	2,626
Loans and Leases Past Due 90 Days or More and Still Accruing Interest	494
Commercial and Industrial \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	8,355	5,815
Commercial and Industrial \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	2,556,192	3,013,692
Commercial Real Estate
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	3,528,068	3,392,676
Loans and Leases Past Due 90 Days or More and Still Accruing Interest		882
Commercial Real Estate \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	623	75
Commercial Real Estate \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases		2,568
Commercial Real Estate \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	937	963
Commercial Real Estate \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	1,560	3,606
Commercial Real Estate \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	3,526,508	3,389,070
Construction
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	853,865	735,819
Loans and Leases Past Due 90 Days or More and Still Accruing Interest		93
Construction \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases		779
Construction \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	202	376
Construction \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	60	2,137
Loans and Leases Past Due 90 Days or More and Still Accruing Interest	60
Construction \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	262	3,292
Construction \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	853,603	732,527
Lease financing
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	242,971	245,411
Lease financing \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	242,971	245,411
Residential mortgage \| Residential
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	3,821,407	3,690,218
Residential mortgage \| Residential \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	3,533	3,382
Residential mortgage \| Residential \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	1,290	4,125
Residential mortgage \| Residential \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	4,113	3,372
Residential mortgage \| Residential \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	8,936	10,879
Residential mortgage \| Residential \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	3,812,471	3,679,339
Home equity \| Home equity Line
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	825,368	841,624
Loans and Leases Past Due 90 Days or More and Still Accruing Interest		4,818
Home equity \| Home equity Line \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	1,310	1,375
Home equity \| Home equity Line \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	435	743
Home equity \| Home equity Line \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	4,680	4,818
Loans and Leases Past Due 90 Days or More and Still Accruing Interest	4,680
Home equity \| Home equity Line \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	6,425	6,936
Home equity \| Home equity Line \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	818,943	834,688
Consumer loans \| Consumer
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	1,267,559	1,353,842
Loans and Leases Past Due 90 Days or More and Still Accruing Interest		3,266
Consumer loans \| Consumer \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	12,492	18,492
Consumer loans \| Consumer \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	2,210	5,205
Consumer loans \| Consumer \| Greater Than or Equal to 90 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	1,134	3,266
Loans and Leases Past Due 90 Days or More and Still Accruing Interest	1,134
Consumer loans \| Consumer \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	15,836	26,963
Consumer loans \| Consumer \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and Leases	$ 1,251,723	$ 1,326,879

Allowance for Credit Losses -_5

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases With No Allowance for Credit Losses	$ 2,734		$ 2,734		$ 3,156
Nonaccrual Loans and Leases	8,905		8,905		9,082
Interest income recognized on nonaccrual loans and leases	100	$ 100	200	$ 100
Accrued interest receivables written off, Interest income reversed	100	$ 500	500	$ 900
Commercial and Industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases	828		828		518
Commercial Real Estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases With No Allowance for Credit Losses	857		857
Nonaccrual Loans and Leases	937		937		80
Construction
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases With No Allowance for Credit Losses					1,840
Nonaccrual Loans and Leases					2,043
Residential
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases With No Allowance for Credit Losses	1,877		1,877		1,316
Nonaccrual Loans and Leases	$ 7,140		$ 7,140		$ 6,441

Allowance for Credit Losses - C

Allowance for Credit Losses - Collateral-Dependent Loans and Leases (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Allowance for Credit Losses
Amortized cost basis of collateral dependent loans	$ 8.8	$ 21

Allowance for Credit Losses - T

Allowance for Credit Losses - Troubled Debt Restructuring Modifications (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)contractloan	Jun. 30, 2020USD ($)contract	Jun. 30, 2021USD ($)contractloan	Jun. 30, 2020USD ($)contract	Dec. 31, 2020USD ($)loan
Troubled debt restructuring modifications
Number of Contracts \| contract	191		1,759	1
Recorded Investment	$ 3,176		$ 25,132	$ 500
Related ACL	661		2,868	$ 30
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	6,500,000		6,500,000		$ 6,100,000
Commitments related to borrowers who had loan terms modified in a TDR	$ 400		$ 400		$ 200
Loans modified in TDRs that experienced a payment default
Number of Contracts, Defaulted TDRs \| contract	136	1	162	1
Recorded Investment, Defaulted TDRs	$ 2,315	$ 500	$ 3,379	$ 500
Residential mortgage loans collateralized by real estate property and modified in a TDR in the process of foreclosure	$ 400		$ 400
Commercial and Industrial
Troubled debt restructuring modifications
Number of Contracts \| contract	1		15	1
Recorded Investment	$ 246		$ 2,545	$ 500
Related ACL	$ 13		$ 170	$ 30
Loans modified in TDRs that experienced a payment default
Number of Contracts, Defaulted TDRs \| contract		1	2	1
Recorded Investment, Defaulted TDRs		$ 500	$ 387	$ 500
Commercial Real Estate
Troubled debt restructuring modifications
Number of Contracts \| contract	1		1
Recorded Investment	$ 382		$ 382
Related ACL	$ 98		$ 98
Consumer
Troubled debt restructuring modifications
Number of Contracts \| contract	186		1,728
Recorded Investment	$ 1,797		$ 15,868
Related ACL	$ 407		$ 2,274
Loans modified in TDRs that experienced a payment default
Number of Contracts, Defaulted TDRs \| contract	135		158
Recorded Investment, Defaulted TDRs	$ 1,944		$ 2,260
Construction
Troubled debt restructuring modifications
Number of Contracts \| contract			2
Recorded Investment			$ 708
Related ACL			$ 86
Loans modified in TDRs that experienced a payment default
Number of Contracts, Defaulted TDRs \| contract			1
Recorded Investment, Defaulted TDRs			$ 361
Residential Mortgage.
Troubled debt restructuring modifications
Number of Contracts \| contract	3		13
Recorded Investment	$ 751		$ 5,629
Related ACL	$ 143		$ 240
Loans modified in TDRs that experienced a payment default
Number of Contracts, Defaulted TDRs \| contract	1		1
Recorded Investment, Defaulted TDRs	$ 371		$ 371
Number of loans collateralized by real estate property modified in a TDR in the process of foreclosure \| loan	0		0		0
Residential Mortgage. \| Real estate property held from foreclosed TDR
Loans modified in TDRs that experienced a payment default
Number of real estate properties \| loan	0		0		0
Commitments to extend credit
Troubled debt restructuring modifications
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	$ 6,334,949		$ 6,334,949		$ 5,934,535
Standby letters of credit
Troubled debt restructuring modifications
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	180,011		180,011		185,108
Commercial letters of credit
Troubled debt restructuring modifications
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	$ 3,353		$ 3,353		$ 3,834

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Other Intangible Assets
Unpaid principal amount of consumer loans serviced for others	$ 1,900,000		$ 1,900,000		$ 2,200,000
Contractually specified fees, late charges, and ancillary fees	1,200	$ 1,400	2,500	$ 2,900
Amortization of mortgage servicing rights	1,283	$ 1,299	1,829	$ 3,279
Details of MSRs
Gross carrying amount	68,961		68,961		67,856
Less: accumulated amortization	58,954		58,954		57,125
Net carrying value	10,007		10,007		$ 10,731
MSRs
Estimated future amortization expenses for MSRs over the next five years
Under one year	1,921		1,921
One to two years	1,516		1,516
Two to three years	1,230		1,230
Three to four years	1,014		1,014
Four to five years	$ 847		$ 847

Mortgage Servicing Rights - Cha

Mortgage Servicing Rights - Changes in Amortized MSRs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Changes in amortized mortgage servicing rights
Balance at beginning of period	$ 10,869	$ 11,979	$ 10,731	$ 12,668
Originations	421	915	1,105	2,206
Amortization	(1,283)	(1,299)	(1,829)	(3,279)
Balance at end of period	10,007	11,595	10,007	11,595
Fair value of amortized MSRs at beginning of period	14,921	17,615	14,029	20,329
Fair value of amortized MSRs at end of period	13,480	15,159	13,480	15,159
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, 2021	Dec. 31, 2020
Minimum
Quantitative assumptions used in determining lower of cost or fair value of MSRs
Conditional prepayment rate (as a percent)	14.85%	11.86%
Life in years (of the MSR)	1 year 8 months 12 days	1 year 9 months 29 days
Weighted-average coupon rate (as a percent)	3.63%	3.24%
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)	31.02%	26.52%
Life in years (of the MSR)	5 years 1 month 28 days	6 years 8 months 4 days
Weighted-average coupon rate (as a percent)	6.77%	6.98%
Discount rate (as a percent)	10.00%	10.00%
Weighted Average
Quantitative assumptions used in determining lower of cost or fair value of MSRs
Conditional prepayment rate (as a percent)	15.37%	16.90%
Life in years (of the MSR)	4 years 11 months 15 days	4 years 5 months 12 days
Weighted-average coupon rate (as a percent)	3.75%	3.84%
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, 2021	Dec. 31, 2020
Carrying amounts of the assets pledged as collateral
Public deposits	$ 1,813,339	$ 2,251,508
Federal Home Loan Bank	2,623,025	2,917,317
Federal Reserve Bank	1,873,763	1,919,744
ACH transactions	113,201	111,347
Interest rate swaps	50,858	56,004
Total	6,474,186	7,255,920
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, 2021	Dec. 31, 2020
U.S.:
Interest-bearing	$ 11,393,789	$ 10,928,712
Noninterest-bearing	7,718,714	6,674,352
Foreign:
Interest-bearing	851,404	776,897
Noninterest-bearing	871,208	847,762
Total deposits	$ 20,835,115	$ 19,227,723

Deposits - Maturity Distributio

Deposits - Maturity Distribution of Time Certificates of Deposits (Details) $ in Thousands	Jun. 30, 2021USD ($)
Maturity distribution of time certificates of deposit
Three months or less	$ 448,753
Over three through six months	316,676
Over six through twelve months	741,450
One to two years	191,618
Two to three years	99,128
Three to four years	38,116
Four to five years	67,206
Thereafter	716
Total	1,903,663
Under $250,000
Maturity distribution of time certificates of deposit
Three months or less	171,763
Over three through six months	169,882
Over six through twelve months	409,825
One to two years	109,209
Two to three years	84,594
Three to four years	33,388
Four to five years	45,581
Thereafter	466
Total	1,024,708
$250,000 or More
Maturity distribution of time certificates of deposit
Three months or less	276,990
Over three through six months	146,794
Over six through twelve months	331,625
One to two years	82,409
Two to three years	14,534
Three to four years	4,728
Four to five years	21,625
Thereafter	250
Total	$ 878,955

Deposits - Time Certificate Den

Deposits - Time Certificate Denominations and Overdrawn Accounts (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Deposits
Time certificates of deposit in denominations of $250,000 or more, in the aggregate	$ 900	$ 1,300
Overdrawn deposit accounts classified as loans	$ 4.3	$ 2.6

Long-Term Borrowings - Componen

Long-Term Borrowings - Components (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Long-term borrowings
Finance lease liabilities		$ 10
Long-term borrowings	$ 200,000	200,010
Federal Reserve Bank line of credit
Long-term borrowings
Remaining borrowing capacity	1,100,000	1,100,000
FHLB fixed-rate advances
Long-term borrowings
Long-term borrowings	200,000	200,000
Remaining borrowing capacity	$ 1,800,000	$ 2,000,000
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, 2021	Dec. 31, 2020
Future contractual principal payments and maturities on long term borrowings
2023	$ 100,000
2024	100,000
Total	200,000	$ 200,010
FHLB fixed-rate advances
Future contractual principal payments and maturities on long term borrowings
Total	$ 200,000	$ 200,000
FHLB fixed-rate advances \| September 3, 2021
Future contractual principal payments and maturities on long term borrowings
Interest rate (as a percent)	2.80%
FHLB fixed-rate advances \| October 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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Pre-tax Amount
Other comprehensive income (loss), Pre-tax Amount	$ 18,729	$ 66,282	$ (83,607)	$ 115,361
Income Tax Benefit (Expense)
Other comprehensive income (loss), Income Tax Benefit (Expense)	(4,996)	(17,680)	22,301	(30,881)
Net of tax
Balance	2,683,630	2,664,685	2,744,104	2,640,258
Other comprehensive income (loss)	13,733	48,602	(61,306)	84,480
Balance	2,731,341	2,701,897	2,731,341	2,701,897
Accumulated other comprehensive Income (Loss)
Pre-tax Amount
Accumulated other comprehensive loss, beginning balance, Pre-tax Amount	(59,238)	5,629	43,098	(43,450)
Accumulated other comprehensive loss, ending balance, Pre-tax Amount	(40,509)	71,911	(40,509)	71,911
Income Tax Benefit (Expense)
Accumulated other comprehensive loss, beginning balance, Income Tax Benefit (Expense)	15,803	(1,500)	(11,494)	11,701
Accumulated other comprehensive loss, ending balance, Income Tax Benefit (Expense)	10,807	(19,180)	10,807	(19,180)
Net of tax
Balance	(43,435)	4,129	31,604	(31,749)
Other comprehensive income (loss)	13,733	48,602	(61,306)	84,480
Balance	(29,702)	52,731	(29,702)	52,731
Pension and other benefits:
Income Tax Benefit (Expense)
Other comprehensive income (loss), Income Tax Benefit (Expense)				(96)
Net of tax
Balance	(31,737)	(28,178)	(31,737)	(28,082)
Other comprehensive income (loss)				(96)
Balance	(31,737)	(28,178)	(31,737)	(28,178)
Pension and other benefits, change in Company tax rate
Income Tax Benefit (Expense)
Unrealized net gains arising during the period, Income Tax Benefit (Expense)				(96)
Net of tax
Unrealized net gains arising during the period, Net of tax				(96)
Investment securities:
Pre-tax Amount
Unrealized net gains (losses) arising during the period, Pre-tax Amount	18,831	66,071	(83,505)	115,235
Reclassification of net losses (gains) to net income, Pre-tax Amount	(102)	211	(102)	126
Other comprehensive income (loss), Pre-tax Amount	18,729	66,282	(83,607)	115,361
Income Tax Benefit (Expense)
Unrealized net gains arising during the period, Income Tax Benefit (Expense)	(5,023)	(17,624)	22,274	(30,751)
Reclassification of net gains to net income, Income Tax Benefit (Expense)	27	(56)	27	(34)
Other comprehensive income (loss), Income Tax Benefit (Expense)	(4,996)	(17,680)	22,301	(30,785)
Net of tax
Balance	(11,698)	32,307	63,341	(3,667)
Unrealized net gains arising during the period, Net of tax	13,808	48,447	(61,231)	84,484
Reclassification of net gains to net income, Net of tax	(75)	155	(75)	92
Other comprehensive income (loss)	13,733	48,602	(61,306)	84,576
Balance	$ 2,035	$ 80,909	$ 2,035	$ 80,909

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net of tax
Balance	$ 2,683,630	$ 2,664,685	$ 2,744,104	$ 2,640,258
Net income	86,741	20,049	144,434	58,914
Other comprehensive income (loss)	13,733	48,602	(61,306)	84,480
Balance	2,731,341	2,701,897	2,731,341	2,701,897
Accumulated other comprehensive Income (Loss)
Net of tax
Balance	(43,435)	4,129	31,604	(31,749)
Other comprehensive income (loss)	13,733	48,602	(61,306)	84,480
Balance	(29,702)	52,731	(29,702)	52,731
Pension and other benefits:
Net of tax
Balance	(31,737)	(28,178)	(31,737)	(28,082)
Other comprehensive income (loss)				(96)
Balance	(31,737)	(28,178)	(31,737)	(28,178)
Investment securities:
Net of tax
Balance	(11,698)	32,307	63,341	(3,667)
Other comprehensive income (loss)	13,733	48,602	(61,306)	84,576
Balance	2,035	80,909	2,035	80,909
Reclassification of net losses (gains) to net income, Pre-tax Amount	$ 102	$ (211)	$ 102	$ (126)

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Common equity tier 1 capital to risk-weighted assets
Amount	$ 1,765,551	$ 1,717,008
Ratio (as a percent)	12.76%	12.47%
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	$ 1,765,551	$ 1,717,008
Ratio (as a percent)	12.76	12.47
Minimum Capital Ratio (as a percent)	6	6
Well-Capitalized Ratio (percent)	8	8
Total capital to risk-weighted assets
Amount	$ 1,938,829	$ 1,889,958
Ratio (as a percent)	14.01	13.73
Minimum Capital Ratio (as a percent)	8	8
Well-Capitalized Ratio (as a percent)	10	10
Tier 1 capital to average assets (leverage ratio)
Amount	$ 1,765,551	$ 1,717,008
Ratio	7.68	8
Minimum Capital Ratio (as a percent)	4	4
Well-Capitalized Ratio (percent)	5	5
First Hawaiian Bank (FHB)
Common equity tier 1 capital to risk-weighted assets
Amount	$ 1,751,187	$ 1,699,485
Ratio (as a percent)	12.66%	12.34%
Tier 1 capital to risk-weighted assets
Amount	$ 1,751,187	$ 1,699,485
Ratio (as a percent)	12.66	12.34
Total capital to risk-weighted assets
Amount	$ 1,924,461	$ 1,872,427
Ratio (as a percent)	13.91	13.60
Tier 1 capital to average assets (leverage ratio)
Amount	$ 1,751,187	$ 1,699,485
Ratio	7.61	7.92

Regulatory Capital Requiremen_4

Regulatory Capital Requirements - Capital Conservation Buffer (Details)	Jun. 30, 2021	Dec. 31, 2020
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Effective CET1 capital to risk-weighted assets (as a percent)	4.50	4.50
Effective Tier 1 capital to risk-weighted assets (as a percent)	12.76	12.47
Effective total capital to risk-weighted assets (as a percent)	14.01	13.73
Capital conservation buffer
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Effective CET1 capital to risk-weighted assets (as a percent)	7
Effective Tier 1 capital to risk-weighted assets (as a percent)	8.5
Effective total capital to risk-weighted assets (as a percent)	10.5
Capital requirements above regulatory rate (as a percent)	2.50%

Derivative Financial Instrume_3

Derivative Financial Instruments - Notional Amounts and Fair Values (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Derivatives designated as hedging instruments \| Interest rate swaps
Notional amounts and fair values of derivatives
Notional Amount	$ 22,066	$ 22,451
Derivatives designated as hedging instruments \| Interest rate swaps \| Included in other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	(963)	(1,276)
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps
Notional amounts and fair values of derivatives
Notional Amount	2,988,086	3,002,333
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Included in other assets
Notional amounts and fair values of derivatives
Asset Derivatives	82,703	129,888
Derivatives Not Designated as Hedging Instruments \| Visa Derivative
Notional amounts and fair values of derivatives
Notional Amount	99,059	92,647
Derivatives Not Designated as Hedging Instruments \| Visa Derivative \| Included in other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	(2,132)	(4,554)
Derivatives Not Designated as Hedging Instruments \| Interest rate caps and floors
Notional amounts and fair values of derivatives
Notional Amount	148,800	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	9	7
Derivatives Not Designated as Hedging Instruments \| Interest rate caps and floors \| Included in other liabilities
Notional amounts and fair values of derivatives
Liability Derivatives	(9)	(7)
Derivatives Not Designated as Hedging Instruments \| Foreign exchange contracts
Notional amounts and fair values of derivatives
Notional Amount	$ 71	$ 326

Derivative Financial Instrume_4

Derivative Financial Instruments - Clearinghouse Margin and Collateral (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Derivative contracts
Initial margin collateral posted	$ 1.8	$ 4.8
Interest rate swaps
Derivative contracts
Financial instruments pledged as collateral	30.6	30.8
Cash pledged as collateral	20.3	25.2
Chicago Mercantile Exchange (CME) and London Clearing House (LCH)
Derivative contracts
Variation margin	$ 82.7	$ 129.9

Derivative Financial Instrume_5

Derivative Financial Instruments - Fair Value Hedges (Details) $ in Thousands	Jun. 30, 2021USD ($)derivative	Dec. 31, 2020USD ($)derivative
Fair value hedges
Fair hedges carried
Fixed interest rate (as a percent)	2.90%	2.90%
Derivatives designated as hedging instruments \| Interest rate swaps
Fair hedges carried
Notional amounts	$ 22,066	$ 22,451
Derivatives designated as hedging instruments \| Interest rate swaps \| Fair value hedges
Fair hedges carried
Number of derivatives carried \| derivative	1	1
Notional amounts	$ 22,100	$ 22,500
Negative fair value	$ 1,000	$ 1,300

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Interest rate swaps
Gains and losses related to derivatives
Recognized on interest rate swap	$ 121	$ 57	$ 313	$ (898)
Hedged item
Gains and losses related to derivatives
Recognized on hedged item	$ (138)	$ 35	$ (387)	$ 942

Derivative Financial Instrume_7

Derivative Financial Instruments - Amounts Recorded in Balance Sheets Related to Cumulative Basis Adjustments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Derivative Financial Instruments
Hedged Asset Carrying Amount	$ 23,600	$ 24,355
Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease)	$ 1,100	$ 1,487

Derivative Financial Instrume_8

Derivative Financial Instruments - Derivatives Not Designated as Hedges (Details) - Other noninterest income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Visa Derivative
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives			$ 3	$ 109
Visa Derivative \| Derivatives Not Designated as Hedging Instruments
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives	$ (23)	$ 103
Foreign exchange contracts \| Derivatives Not Designated as Hedging Instruments
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives		$ 52

Derivative Financial Instrume_9

Derivative Financial Instruments - Free-Standing (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)	Oct. 31, 2019USD ($)	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	0.00%		0.00%
Maximum
Derivative financial instruments
Derivative, Floating rate	3.33%		3.33%
Visa \| Class B restricted shares
Derivative financial instruments
Estimated amount that was subsequently paid to the buyer						$ 300
Visa Derivative
Derivative financial instruments
Derivative liability value	$ 2,100		$ 2,100		$ 4,600
Visa Derivative \| Class B restricted shares
Derivative financial instruments
Conversion rate							1.6228	1.6228		1.6298	1.6298	1.6483
Visa Derivative \| Visa
Derivative financial instruments
Estimated amount that was subsequently paid to the buyer						$ 300			$ 700
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps
Derivative financial instruments
Notional Amount	2,988,086		2,988,086		$ 3,002,333
Net interest expense on derivative	$ 0	$ 0	$ 0	$ 0
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Minimum
Derivative financial instruments
Derivative, Floating rate					0.15%
Fixed interest rate (as a percent)	2.02%		2.02%		2.02%
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Maximum
Derivative financial instruments
Derivative, Floating rate					3.16%
Fixed interest rate (as a percent)	6.19%		6.19%		5.78%
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Customer swap program
Derivative financial instruments
Notional Amount	$ 3,000,000		$ 3,000,000		$ 3,000,000
Positive fair value, derivative asset	82,700		82,700		129,900
Negative fair value, derivative liability	0		0		0
Upfront fees on the dealer swap	1,300	$ 4,600	1,700	$ 6,500
Derivatives Not Designated as Hedging Instruments \| Visa Derivative
Derivative financial instruments
Notional Amount	$ 99,059		$ 99,059		$ 92,647

Derivative Financial Instrum_10

Derivative Financial Instruments - Counterparty Credit Risk and Credit-Risk Related Contingent Features (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Derivative contracts
Counterparty credit risk adjustments	$ 0	$ 100,000	$ 100,000	$ 300,000
Credit-risk-related contingent features
Aggregate fair value of derivative instruments in a net liability position	23,300,000		23,300,000		$ 19,800,000
Collateral posted for derivatives in a net liability position	20,700,000		20,700,000		$ 20,400,000
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, 2021	Dec. 31, 2020
Commitments to extend credit
Commitments
Participations sold to other institutions	$ 100.8	$ 93.1
Standby letters of credit
Commitments
Participations sold to other institutions	$ 10.8	$ 11

Commitments and Contingent Li_4

Commitments and Contingent Liabilities - Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Financial instruments with off-balance sheet risk
Contract amount	$ 6,500,000	$ 6,100,000
Commitments to extend credit
Financial instruments with off-balance sheet risk
Contract amount	6,334,949	5,934,535
Standby letters of credit
Financial instruments with off-balance sheet risk
Contract amount	180,011	185,108
Commercial letters of credit
Financial instruments with off-balance sheet risk
Contract amount	$ 3,353	$ 3,834

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue from Contracts with Customers
Net interest income	$ 131,481	$ 127,822	$ 260,639	$ 266,505
Not in scope of Topic 606	8,806	13,868	15,209	22,776
Total noninterest income	49,371	45,656	93,239	94,884
Total revenue	180,852	173,478	353,878	361,389
Retail Banking
Revenue from Contracts with Customers
Net interest income	97,106	91,675	191,560	181,558
Not in scope of Topic 606	1,868	3,403	5,222	7,042
Total noninterest income	22,495	22,172	46,070	48,548
Total revenue	119,601	113,847	237,630	230,106
Commercial Banking
Revenue from Contracts with Customers
Net interest income	40,234	37,565	78,500	71,979
Not in scope of Topic 606	2,282	5,893	3,604	8,921
Total noninterest income	19,528	18,055	35,569	35,851
Total revenue	59,762	55,620	114,069	107,830
Treasury and Other
Revenue from Contracts with Customers
Net interest income	(5,859)	(1,418)	(9,421)	12,968
Not in scope of Topic 606	4,656	4,572	6,383	6,813
Total noninterest income	7,348	5,429	11,600	10,485
Total revenue	1,489	4,011	2,179	23,453
Service charges on deposit accounts.
Revenue from Contracts with Customers
Revenue by type of service	6,632	5,927	13,350	14,877
Service charges on deposit accounts. \| Retail Banking
Revenue from Contracts with Customers
Revenue by type of service	5,788	5,469	11,874	13,556
Service charges on deposit accounts. \| Commercial Banking
Revenue from Contracts with Customers
Revenue by type of service	341	326	564	677
Service charges on deposit accounts. \| Treasury and Other
Revenue from Contracts with Customers
Revenue by type of service	503	132	912	644
Credit and debit card fees
Revenue from Contracts with Customers
Revenue by type of service	16,132	10,397	30,085	24,883
Credit and debit card fees \| Commercial Banking
Revenue from Contracts with Customers
Revenue by type of service	14,692	10,122	27,217	23,009
Credit and debit card fees \| Treasury and Other
Revenue from Contracts with Customers
Revenue by type of service	1,440	275	2,868	1,874
Other service charges and fees.
Revenue from Contracts with Customers
Revenue by type of service	7,955	5,133	14,346	10,947
Other service charges and fees. \| Retail Banking
Revenue from Contracts with Customers
Revenue by type of service	5,983	4,580	11,547	9,454
Other service charges and fees. \| Commercial Banking
Revenue from Contracts with Customers
Revenue by type of service	1,590	215	2,065	639
Other service charges and fees. \| Treasury and Other
Revenue from Contracts with Customers
Revenue by type of service	382	338	734	854
Trust and investment services income
Revenue from Contracts with Customers
Revenue by type of service	8,707	8,664	17,199	18,255
Trust and investment services income \| Retail Banking
Revenue from Contracts with Customers
Revenue by type of service	8,707	8,664	17,199	18,255
Other
Revenue from Contracts with Customers
Revenue by type of service	1,139	1,667	3,050	3,146
Other \| Retail Banking
Revenue from Contracts with Customers
Revenue by type of service	149	56	228	241
Other \| Commercial Banking
Revenue from Contracts with Customers
Revenue by type of service	623	1,499	2,119	2,605
Other \| Treasury and Other
Revenue from Contracts with Customers
Revenue by type of service	$ 367	$ 112	$ 703	$ 300

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Contract Balances (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2021USD ($)item	Jun. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Revenue from Contracts with Customers
Signing bonuses received from vendors \| item			2
Contract liabilities	$ 600,000		$ 600,000		$ 1,000,000
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
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, 2021	Dec. 31, 2020
Revenue from Contracts with Customers
Significant performance obligations	$ 0	$ 0
Material contract acquisition costs	$ 0	$ 0

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Earnings per Share
Adjustments to net income (in dollars)	$ 0	$ 0	$ 0	$ 0
Antidilutive securities (in shares)		537,000		513,000
Numerator:
Net income	$ 86,741	$ 20,049	$ 144,434	$ 58,914
Denominator:
Basic: weighted-average shares outstanding (in shares)	129,392,339	129,856,730	129,661,228	129,876,218
Add: weighted-average equity-based awards (in shares)	436,508	148,465	503,534	287,504
Diluted: weighted-average shares outstanding (in shares)	129,828,847	130,005,195	130,164,762	130,163,722
Basic earnings per share (in dollars per share)	$ 0.67	$ 0.15	$ 1.11	$ 0.45
Diluted earnings per share (in dollars per share)	$ 0.67	$ 0.15	$ 1.11	$ 0.45

Noninterest Income and Nonint_3

Noninterest Income and Noninterest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Operating lease income related to lease payments
Operating lease income	$ 1,600	$ 1,600	$ 3,300	$ 3,100
Lease income related to variable lease payments	1,500	1,400	3,000	2,900
Pension Benefits
Components of net periodic benefit cost
Total net periodic benefit cost	2,185	1,856	4,370	3,712
Pension Benefits \| Other noninterest expense
Components of net periodic benefit cost
Interest cost	1,231	1,621	2,462	3,242
Expected return on plan assets	(766)	(1,194)	(1,532)	(2,388)
Recognized net actuarial loss (gain)	1,720	1,429	3,440	2,858
Other Benefits
Components of net periodic benefit cost
Total net periodic benefit cost	395	314	790	628
Other Benefits \| Salaries and employee benefits
Components of net periodic benefit cost
Service cost	264	189	528	378
Other Benefits \| Other noninterest expense
Components of net periodic benefit cost
Interest cost	$ 131	164	$ 262	328
Prior service credit		(13)		(26)
Recognized net actuarial loss (gain)		$ (26)		$ (52)

Fair Value - Visa Derivative (D

Fair Value - Visa Derivative (Details) - Visa Derivative $ in Thousands	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)	Sep. 30, 2019	Sep. 27, 2019	Jul. 05, 2018	Jun. 28, 2018	Dec. 31, 2017
Class B restricted shares
Fair value
Conversion rate			1.6228	1.6228	1.6298	1.6298	1.6483
Fair Value Measurements, Recurring \| Level 3
Fair value
Derivative Liability	$ 2,100	$ 4,600
Included in other liabilities \| Derivatives Not Designated as Hedging Instruments
Fair value
Derivative Liability	$ 2,132	$ 4,554

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Assets
Fair value	$ 6,953,930	$ 6,071,415
Fair Value Measurements, Recurring
Assets
Fair value	6,953,930	6,071,415
Other assets	95,613	141,586
Liabilities
Other liabilities	(3,104)	(5,837)
Total
Net Assets (Liabilities)	7,046,439	6,207,164
Fair Value Measurements, Recurring \| Level 1
Assets
Other assets	12,901	11,691
Total
Net Assets (Liabilities)	12,901	11,691
Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	6,953,930	6,071,415
Other assets	82,712	129,895
Liabilities
Other liabilities	(972)	(1,283)
Total
Net Assets (Liabilities)	7,035,670	6,200,027
Fair Value Measurements, Recurring \| Level 3
Liabilities
Other liabilities	(2,132)	(4,554)
Total
Net Assets (Liabilities)	(2,132)	(4,554)
U.S. Treasury and government agency debt securities
Assets
Fair value	180,772	171,421
U.S. Treasury and government agency debt securities \| Fair Value Measurements, Recurring
Assets
Fair value	180,772	171,421
U.S. Treasury and government agency debt securities \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	180,772	171,421
Residential - Government agency
Assets
Fair value	113,289	160,462
Residential - Government agency \| Fair Value Measurements, Recurring
Assets
Fair value	113,289	160,462
Residential - Government agency \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	113,289	160,462
Residential - Government-sponsored enterprises
Assets
Fair value	1,263,448	447,200
Residential - Government-sponsored enterprises \| Fair Value Measurements, Recurring
Assets
Fair value	1,263,448	447,200
Residential - Government-sponsored enterprises \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	1,263,448	447,200
Commercial - Government agency
Assets
Fair value	491,447	599,650
Commercial - Government agency \| Fair Value Measurements, Recurring
Assets
Fair value	491,447	599,650
Commercial - Government agency \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	491,447	599,650
Commercial - Government-sponsored enterprises
Assets
Fair value	1,223,805	932,157
Commercial - Government-sponsored enterprises \| Fair Value Measurements, Recurring
Assets
Fair value	1,223,805	932,157
Commercial - Government-sponsored enterprises \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	1,223,805	932,157
Government agency
Assets
Fair value	1,662,134	1,933,553
Government agency \| Fair Value Measurements, Recurring
Assets
Fair value	1,662,134	1,933,553
Government agency \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	1,662,134	1,933,553
Government-sponsored enterprises
Assets
Fair value	2,019,035	1,826,972
Government-sponsored enterprises \| Fair Value Measurements, Recurring
Assets
Fair value	2,019,035	1,826,972
Government-sponsored enterprises \| Fair Value Measurements, Recurring \| Level 2
Assets
Fair value	$ 2,019,035	$ 1,826,972

Fair Value - Changes in Fair Va

Fair Value - Changes in Fair Value Levels and in Level 3 Liabilities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Fair value
Amount of transfers between hierarchy levels	$ 0	$ 0	$ 0	$ 0
Visa derivative \| Visa Derivative
Changes in Level 3 liabilities measured at fair value on a recurring basis
Balance	(3,369)	(3,199)	(4,554)	(4,233)
Total net (losses) gains included in other noninterest income	(23)	103	3	109
Settlements	1,260	1,001	2,419	2,029
Balance	(2,132)	(2,095)	(2,132)	(2,095)
Total net gains included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30,	$ (23)	$ 103	$ 3	$ 109

Fair Value - Financial Instrume

Fair Value - Financial Instruments not Required to be Carried at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Lease and lease commitments excluded
Financing leases	$ 243,000	$ 245,400
Deposit liabilities with no defined or contractual maturity	18,900,000	16,900,000
Capital lease obligations		10
Book Value
Financial assets:
Cash and cash equivalents	1,906,298	1,040,944
Loans held for sale	1,241	11,579
Loans	12,860,814	13,033,686
Financial liabilities:
Time Deposits	1,903,663	2,348,298
Long-term borrowings	200,000	200,000
Estimated Fair Value
Financial assets:
Cash and cash equivalents	1,906,298	1,040,944
Loans held for sale	1,271	12,018
Loans	13,044,658	13,255,636
Financial liabilities:
Time Deposits	1,907,349	2,357,137
Long-term borrowings	210,874	214,167
Estimated Fair Value \| Level 1
Financial assets:
Cash and cash equivalents	347,861	303,373
Estimated Fair Value \| Level 2
Financial assets:
Cash and cash equivalents	1,558,437	737,571
Loans held for sale	1,271	12,018
Financial liabilities:
Time Deposits	1,907,349	2,357,137
Long-term borrowings	210,874	214,167
Estimated Fair Value \| Level 3
Financial assets:
Loans	$ 13,044,658	$ 13,255,636

Fair Value - Unfunded Loan and

Fair Value - Unfunded Loan and Lease Commitments and Letters of Credit (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Unfunded loan and lease commitments and letters of credit
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	$ 6,500	$ 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	6,500	6,100
Estimated fair value of unfunded loan and lease commitments and letters of credit	$ 41.9	$ 42.3

Fair Value - Assets and Liabi_2

Fair Value - Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis (Details) - Collateral-dependent loans - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Assets with fair value adjustments on a nonrecurring basis
Total impairment losses	$ 0	$ 0	$ 0	$ 400
Fair Value Measurements, Nonrecurring \| Level 3
Assets with fair value adjustments on a nonrecurring basis
Fair value					$ 1,840

Fair Value - Significant Unobse

Fair Value - Significant Unobservable Inputs Used in Fair Value Measurements (Details) - Level 3 $ in Thousands	Jun. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Expected Term (in years) \| Weighted Average
Fair value
Measurement input	1	1
Expected Term (in years) \| Minimum
Fair value
Measurement input	0.5	0.5
Expected Term (in years) \| Maximum
Fair value
Measurement input	1.5	1.5
Growth Rate (percentage) \| Weighted Average
Fair value
Measurement input	13	13
Growth Rate (percentage) \| Minimum
Fair value
Measurement input	4	4
Growth Rate (percentage) \| Maximum
Fair value
Measurement input	17	17
Visa derivative \| Expected Conversation Rate \| Discounted cash flow \| Weighted Average
Fair value
Measurement input	1.6228	1.6228
Visa derivative \| Expected Conversation Rate \| Discounted cash flow \| Minimum
Fair value
Measurement input	1.5977	1.5977
Visa derivative \| Expected Conversation Rate \| Discounted cash flow \| Maximum
Fair value
Measurement input	1.6228	1.6228
Fair Value Measurements, Nonrecurring \| Collateral-dependent loans
Fair value
Assets		$ 1,840
Fair Value Measurements, Nonrecurring \| Visa derivative
Fair value
Liabilities	$ (2,132)	$ (4,554)

Reportable Operating Segments -

Reportable Operating Segments - Business Segments (Details)	6 Months Ended
Reportable Operating Segments - Business Segments (Details)	Jun. 30, 2021segmentlocation
Reportable operating segments
Number of business segments \| segment	3
Retail Banking
Reportable operating segments
Number of Branches \| location	54

Reportable Operating Segments_2

Reportable Operating Segments - Selected Business Segment Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Selected business segment financial information
Net interest income (expense)	$ 131,481	$ 127,822	$ 260,639	$ 266,505
Benefit (Provision) for credit losses	35,000	(55,446)	35,000	(96,646)
Net interest income (expense) after provision for credit losses	166,481	72,376	295,639	169,859
Noninterest income	49,371	45,656	93,239	94,884
Noninterest expense	(99,388)	(91,450)	(195,694)	(187,916)
Income before provision for income taxes	116,464	26,582	193,184	76,827
(Provision) benefit for income taxes	(29,723)	(6,533)	(48,750)	(17,913)
Net income (loss)	86,741	20,049	144,434	58,914
Total assets	24,246,328	22,993,715	24,246,328	22,993,715	$ 22,662,831
Retail Banking
Selected business segment financial information
Net interest income (expense)	97,106	91,675	191,560	181,558
Benefit (Provision) for credit losses	12,654	(24,311)	14,124	(44,376)
Net interest income (expense) after provision for credit losses	109,760	67,364	205,684	137,182
Noninterest income	22,495	22,172	46,070	48,548
Noninterest expense	(62,115)	(60,022)	(125,004)	(121,666)
Income before provision for income taxes	70,140	29,514	126,750	64,064
(Provision) benefit for income taxes	(17,884)	(7,554)	(32,010)	(15,077)
Net income (loss)	52,256	21,960	94,740	48,987
Total assets	6,862,294	7,068,251	6,862,294	7,068,251
Commercial Banking
Selected business segment financial information
Net interest income (expense)	40,234	37,565	78,500	71,979
Benefit (Provision) for credit losses	17,465	(25,183)	19,495	(45,967)
Net interest income (expense) after provision for credit losses	57,699	12,382	97,995	26,012
Noninterest income	19,528	18,055	35,569	35,851
Noninterest expense	(24,993)	(18,062)	(47,471)	(39,567)
Income before provision for income taxes	52,234	12,375	86,093	22,296
(Provision) benefit for income taxes	(13,285)	(2,956)	(21,629)	(5,601)
Net income (loss)	38,949	9,419	64,464	16,695
Total assets	6,404,153	6,826,032	6,404,153	6,826,032
Treasury and Other
Selected business segment financial information
Net interest income (expense)	(5,859)	(1,418)	(9,421)	12,968
Benefit (Provision) for credit losses	4,881	(5,952)	1,381	(6,303)
Net interest income (expense) after provision for credit losses	(978)	(7,370)	(8,040)	6,665
Noninterest income	7,348	5,429	11,600	10,485
Noninterest expense	(12,280)	(13,366)	(23,219)	(26,683)
Income before provision for income taxes	(5,910)	(15,307)	(19,659)	(9,533)
(Provision) benefit for income taxes	1,446	3,977	4,889	2,765
Net income (loss)	(4,464)	(11,330)	(14,770)	(6,768)
Total assets	$ 10,979,881	$ 9,099,432	$ 10,979,881	$ 9,099,432