First Hawaiian (FHB) 10-Q7 Aug 232023 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, 2023	Jul. 31, 2023
Cover page
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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, State or Province	HI
Entity Address, Postal Zip Code	96813
City Area Code	808
Local Phone Number	525-7000
Title of 12(b) Security	Common Stock
Trading Symbol	FHB
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		127,609,611
Entity Central Index Key	0000036377
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest income
Loans and lease financing	$ 185,340	$ 111,916	$ 357,679	$ 215,648
Available-for-sale investment securities	18,094	16,643	36,782	48,750
Held-to-maturity investment securities	18,282	18,289	37,239	18,289
Other	7,489	2,896	11,050	3,678
Total interest income	229,205	149,744	442,750	286,365
Interest expense
Deposits	58,071	4,597	101,355	7,346
Short-term and long-term borrowings	10,656		13,219
Other	539		990
Total interest expense	69,266	4,597	115,564	7,346
Net interest income	159,939	145,147	327,186	279,019
Provision for credit losses	5,000	1,000	13,800	(4,747)
Net interest income after provision for credit losses	154,939	144,147	313,386	283,766
Noninterest income
Service charges on deposit accounts	7,246	6,843	14,477	14,344
Credit and debit card fees	15,461	17,056	31,759	31,906
Other service charges and fees	9,056	9,018	18,218	18,672
Trust and investment services income	9,448	8,759	19,062	17,642
Bank-owned life insurance	3,271	(859)	8,391	(1,276)
Other	2,866	3,320	4,464	4,229
Total noninterest income	47,348	44,137	96,371	85,517
Noninterest expense
Salaries and employee benefits	57,904	49,902	113,936	98,128
Contracted services and professional fees	17,498	18,617	33,811	35,764
Occupancy	7,554	7,334	15,336	14,744
Equipment	11,000	7,754	20,736	13,731
Regulatory assessment and fees	3,676	2,301	7,512	4,525
Advertising and marketing	1,891	1,994	3,885	4,022
Card rewards program	7,681	7,285	15,766	14,168
Other	13,677	13,988	28,466	28,135
Total noninterest expense	120,881	109,175	239,448	213,217
Income before provision for income taxes	81,406	79,109	170,309	156,066
Provision for income taxes	18,964	19,749	41,049	38,987
Net income	$ 62,442	$ 59,360	$ 129,260	$ 117,079
Basic earnings per share (in dollars per share)	$ 0.49	$ 0.46	$ 1.01	$ 0.92
Diluted earnings per share (in dollars per share)	$ 0.49	$ 0.46	$ 1.01	$ 0.91
Basic weighted-average outstanding shares (in shares)	127,591,371	127,672,244	127,522,975	127,614,564
Diluted weighted-average outstanding shares (in shares)	127,832,351	128,014,777	127,901,225	128,108,630

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net Income (Loss)	$ 62,442	$ 59,360	$ 129,260	$ 117,079
Other comprehensive (loss) income, net of tax:
Net change in investment securities	(705)	(52,371)	26,239	(446,922)
Net change in cash flow derivative hedges	(352)	(1,584)	279	(2,842)
Other comprehensive (loss) income	(1,057)	(53,955)	26,518	(449,764)
Total comprehensive income (loss)	$ 61,385	$ 5,405	$ 155,778	$ (332,685)

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 318,333	$ 297,502
Interest-bearing deposits in other banks	239,798	229,122
Available-for-sale, at fair value (amortized cost: $3,296,825 as of June 30, 2023 and $3,549,599 as of December 31, 2022)	2,909,372	3,151,133
Held-to-maturity, at amortized cost (fair value: $3,697,261 as of June 30, 2023 and $3,814,822 as of December 31, 2022)	4,180,408	4,320,639
Loans and leases	14,362,832	14,092,012
Less: allowance for credit losses	148,581	143,900
Net loans and leases	14,214,251	13,948,112
Premises and equipment, net	277,817	280,355
Other real estate owned and repossessed personal property		91
Accrued interest receivable	80,710	78,194
Bank-owned life insurance	476,177	473,067
Goodwill	995,492	995,492
Mortgage servicing rights	6,072	6,562
Other assets	813,136	796,954
Total assets	24,511,566	24,577,223
Deposits:
Interest-bearing	12,911,539	12,824,383
Noninterest-bearing	8,166,627	8,864,646
Total deposits	21,078,166	21,689,029
Short-term borrowings		75,000
Long-term borrowings	500,000	0
Retirement benefits payable	100,671	102,577
Other liabilities	472,991	441,612
Total liabilities	22,151,828	22,308,218
Commitments and contingent liabilities (Note 13)
Stockholders' equity
Common stock ($0.01 par value; authorized 300,000,000 shares; issued/outstanding: 141,327,860 / 127,608,037 as of June 30, 2023; issued/outstanding: 140,963,918 / 127,363,327 as of December 31, 2022)	1,413	1,410
Additional paid-in capital	2,543,226	2,538,336
Retained earnings	799,045	736,544
Accumulated other comprehensive loss, net	(612,736)	(639,254)
Treasury stock (13,719,823 shares as of June 30, 2023 and 13,600,591 shares as of December 31, 2022)	(371,210)	(368,031)
Total stockholders' equity	2,359,738	2,269,005
Total liabilities and stockholders' equity	$ 24,511,566	$ 24,577,223

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
CONSOLIDATED BALANCE SHEETS
Available-for-sale investment securities, amortized cost	$ 3,296,825	$ 3,549,599
Held-to-maturity investment securities, fair value	$ 3,697,261	$ 3,814,822
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)	141,327,860	140,963,918
Common stock outstanding (in shares)	127,608,037	127,363,327
Common stock repurchased (in shares)	13,719,823	13,600,591

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Total
Balance at Dec. 31, 2021	$ 1,406	$ 2,527,663	$ 604,534	$ (121,693)		$ 2,656,912
Balance (in shares) at Dec. 31, 2021	127,502,472
Treasury Stock, Value, Beginning Balance at Dec. 31, 2021					$ (354,998)
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)			117,079			117,079
Cash dividends declared			(66,363)			(66,363)
Equity-based awards	$ 3	5,744	(473)		(3,527)	1,747
Equity-based awards (in shares)	239,173
Common stock repurchased					(7,000)	(7,000)
Common stock repurchased (in shares)	(290,558)
Other comprehensive (loss) income, net of tax				(449,764)		(449,764)
Balance at Jun. 30, 2022	$ 1,409	2,533,407	654,777	(571,457)		2,252,611
Balance (in shares) at Jun. 30, 2022	127,451,087
Treasury Stock, Value, Ending Balance at Jun. 30, 2022					(365,525)
Balance at Mar. 31, 2022	$ 1,409	2,530,795	628,642	(517,502)		2,285,149
Balance (in shares) at Mar. 31, 2022	127,686,307
Treasury Stock, Value, Beginning Balance at Mar. 31, 2022					(358,195)
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)			59,360			59,360
Cash dividends declared			(33,212)			(33,212)
Equity-based awards		2,612	(13)		(330)	2,269
Equity-based awards (in shares)	55,338
Common stock repurchased					(7,000)	(7,000)
Common stock repurchased (in shares)	(290,558)
Other comprehensive (loss) income, net of tax				(53,955)		(53,955)
Balance at Jun. 30, 2022	$ 1,409	2,533,407	654,777	(571,457)		2,252,611
Balance (in shares) at Jun. 30, 2022	127,451,087
Treasury Stock, Value, Ending Balance at Jun. 30, 2022					(365,525)
Balance at Dec. 31, 2022	$ 1,410	2,538,336	736,544	(639,254)		$ 2,269,005
Balance (in shares) at Dec. 31, 2022	127,363,327					127,363,327
Treasury Stock, Value, Beginning Balance at Dec. 31, 2022					(368,031)	$ 368,031
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)			129,260			129,260
Cash dividends declared			(66,290)			(66,290)
Common stock issued under Employee Stock Purchase Plan		163				163
Common stock issued under Employee Stock Purchase Plan (in shares)	9,548
Equity-based awards	$ 3	4,727	(469)		(3,179)	1,082
Equity-based awards (in shares)	235,162
Other comprehensive (loss) income, net of tax				26,518		26,518
Balance at Jun. 30, 2023	$ 1,413	2,543,226	799,045	(612,736)	(371,210)	$ 2,359,738
Balance (in shares) at Jun. 30, 2023	127,608,037					127,608,037
Treasury Stock, Value, Ending Balance at Jun. 30, 2023					(371,210)	$ 371,210
Balance at Mar. 31, 2023	$ 1,413	2,540,653	769,791	(611,679)		2,329,012
Balance (in shares) at Mar. 31, 2023	127,573,680
Treasury Stock, Value, Beginning Balance at Mar. 31, 2023					(371,166)
Increase (Decrease) in Stockholders' Equity
Net Income (Loss)			62,442			62,442
Cash dividends declared			(33,175)			(33,175)
Common stock issued under Employee Stock Purchase Plan		163				163
Common stock issued under Employee Stock Purchase Plan (in shares)	9,548
Equity-based awards		2,410	(13)		(44)	2,353
Equity-based awards (in shares)	24,809
Other comprehensive (loss) income, net of tax				(1,057)		(1,057)
Balance at Jun. 30, 2023	$ 1,413	$ 2,543,226	$ 799,045	$ (612,736)	(371,210)	$ 2,359,738
Balance (in shares) at Jun. 30, 2023	127,608,037					127,608,037
Treasury Stock, Value, Ending Balance at Jun. 30, 2023					$ (371,210)	$ 371,210

CONSOLIDATED STATEMENTS OF ST_2

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Cash dividends declared (in dollars per share)	$ 0.26	$ 0.26	$ 0.52	$ 0.52

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities
Net income	$ 129,260	$ 117,079
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	13,800	(4,747)
Depreciation, amortization and accretion, net	21,985	30,872
Deferred income tax (benefit) provision	(2,024)	14,228
Stock-based compensation	4,730	5,747
Other losses	1,122	2,304
Originations of loans held for sale	(5,613)	(10,256)
Proceeds from sales of loans held for sale	6,726	9,744
Net losses on sales of loans originated for investment and held for sale	20	36
Change in assets and liabilities:
Net decrease (increase) in other assets	29,087	(49,614)
Net (decrease) increase in other liabilities	(11,483)	50,351
Net cash provided by operating activities	187,610	165,744
Available-for-sale securities:
Proceeds from maturities and principal repayments	223,102	598,865
Proceeds from calls and sales	25,237	1,080
Purchases		(913,268)
Held-to-maturity securities:
Proceeds from maturities and principal repayments	153,133	137,014
Proceeds from calls	7,705	110
Purchases		(79,470)
Other investments:
Proceeds from sales	61,985	4,132
Purchases	(81,240)	(21,386)
Loans:
Net increase in loans and leases resulting from originations and principal repayments	(240,357)	(168,986)
Purchases of loans	(48,741)	(149,512)
Proceeds from bank-owned life insurance	5,281
Purchases of premises, equipment and software	(4,191)	(5,966)
Proceeds from sales of other real estate owned	34	176
Other	(2,882)	(1,744)
Net cash provided by (used in) investing activities	99,066	(598,955)
Cash flows from financing activities
Net (decrease) increase in deposits	(610,863)	785,308
Net decrease in short-term borrowings	(75,000)
Proceeds from long-term borrowings	500,000
Dividends paid	(66,290)	(66,363)
Stock tendered for payment of withholding taxes	(3,179)	(3,527)
Proceeds from employee stock purchase plan	163
Common stock repurchased		(7,000)
Net cash (used in) provided by financing activities	(255,169)	708,418
Net increase in cash and cash equivalents	31,507	275,207
Cash and cash equivalents at beginning of period	526,624	1,258,469
Cash and cash equivalents at end of period	558,131	1,533,676
Supplemental disclosures
Interest paid	97,867	8,015
Income taxes paid, net of income tax refunds	29,928	5,356
Noncash investing and financing activities:
Operating lease right-of-use assets obtained in exchange for new lease obligations	1,680	4,979
Transfers to loans and leases to land held for sale		834
Transfers to loans held for sale from loans and leases	$ 1,133
Transfers of securities from available-for-sale to held-to-maturity		$ 4,133,363

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
Organization and Basis of Presentation	Jun. 30, 2023
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, 2022. 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. Loan Modifications to Borrowers Experiencing Financial Difficulty Loan modifications are assessed by the Company to determine: (1) whether the borrower is experiencing financial difficulty and (2) whether the Company granted the borrower a modification or combination of modifications in the form of one or more of the following modification types: principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay and/or a term extension. If both criteria are met, then the loan modification is subject to additional evaluation for credit losses and enhanced disclosure requirements. Generally, a non-accrual loan that has been modified with a borrower experiencing financial difficulty remains on non-accrual status for at least six months to demonstrate that the borrower is able to meet the terms of the modified loan. However, performance prior to the modification, or significant events that coincide with the modification, are included in assessing whether the borrower can meet the new terms and may result in the loan being returned to accrual status at the time of loan modification or after a shorter performance period. If the borrower’s ability to meet the revised payment terms is uncertain, the loan remains on non-accrual status. Allowance for Credit Losses The allowance for credit losses for loans and leases (the “ACL”) is a valuation account that is deducted from the amortized cost basis of loans and leases to present the net amount expected to be collected from loans and leases. Loans and leases are charged-off against the ACL when management believes the loan or lease balance is deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The Company’s ACL and the reserve for unfunded commitments under the Current Expected Credit Losses (“CECL”) approach consist of quantitative and qualitative estimates. The Company’s methodology leverages two quantitative models: a one-variable forward-looking macroeconomic model that estimates the impact of management’s economic outlook and a transition probability matrix that estimates expected losses over the long run. The quantitative estimation is overlaid with qualitative adjustments to account for current conditions and forward-looking factors not captured in the quantitative model. Qualitative adjustments that are considered include adjustments for regulatory determinants, model limitations, model maturity, and other current or anticipated events that are not captured in the Company’s historical loss experience. The Company generally evaluates loans and leases on a collective or pool basis when similar risk characteristics exist. However, loans and leases that do not share similar risk characteristics are evaluated on an individual basis. Such loans and leases evaluated individually are excluded from the collective evaluation. Individually assessed loans are measured for estimated credit loss (“ECL”) based on the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral, less estimated selling costs, if the loan is collateral-dependent. Management reviews relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts about the future. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency levels, or term as well as for changes in environmental conditions, such as changes in unemployment rates, property values, or other relevant factors. The Company utilizes a Probability of Default (“PD”)/Loss Given Default (“LGD”) framework to estimate the ACL and the reserve for unfunded commitments. The PD represents the percentage expectation to default, measured by assessing loans and leases that migrate to default status (i.e., nonaccrual status, loan modifications to borrowers experiencing financial difficulty, 90 days or more past due, partial or full charge-offs or bankruptcy). LGD is defined as the percentage of the exposure at default (“EAD”) lost at the time of default, net of any recoveries, and will be unique to each of the collateral types securing the Company’s loans. PD and LGD’s are based on past experience of the Company. The ECL on loans and leases is calculated by taking the product of the credit exposure, lifetime default probability (“LDP”) and the LGD. The ECL model is applied to current credit exposures at the account level, using assumptions calibrated at the portfolio segment level using internal historical loan and lease level data. The Company estimates the default risk of a credit exposure over the remaining life of each account using a transition probability matrix approach which captures both the average rate of up/down-grade and default transitions, as well as withdrawal rates which capture the historical rate of exposure decline due to loan and lease amortization and prepayment. To apply the transition matrices, each credit exposure’s remaining life is split into two time segments. The first time segment is for the reasonable and supportable forecast period over which the transition matrices which are applied have been adjusted to incorporate current and forecasted conditions over that period. Management has determined that using a one-year time horizon for the reasonable and supportable forecast period for all classes of loans and leases is a reasonable forecast horizon given the difficulty in predicting future economic conditions with a high degree of certainty. The second time segment is the reversion period from the end of the reasonable and supportable forecast period to the maturity of the exposure, over which long-run average transition matrices are applied. Management elected to use an immediate reversion to the mean approach. Lifetime loss rates are applied against the amortized cost basis of loans and leases and unfunded commitments to estimate the ACL and the reserve for unfunded commitments, respectively. On at least a quarterly basis, management convenes the Bank’s forecasting team which is responsible for reviewing the economic forecast model inputs and outputs and approving the resulting economic adjustment. The model uses a one-variable econometric model to produce factors that modify the long-run default rate assumptions used in the CECL model. These factors are applied to calculate the economic adjustment over the Reasonable and Supportable Forecast Period. At the meeting, management is presented with the economic forecast model input and output as well as the resulting economic adjustment. Depending on the current economic conditions, a range of inputs and outputs may be presented, in which case, using judgment, management will select an input and output. The economic forecast framework also allows management to use judgment in selecting the economic model input in cases where management’s outlook diverges from the official forecasts, and to apply qualitative dollar overlays to account for other economic related conditions not captured in the economic forecast model but are expected to potentially impact losses. The team also reviews other relevant economic variables and economic factors at the time of the meeting that could potentially impact future losses. These materials are presented to the economic forecasting team as they are economic in nature. If determined to be relevant and needing to be considered in the ACL estimate, these risks will be included in the ACL estimate through a qualitative dollar overlay that is determined using either quantitative analysis or qualitative judgment, or a mix of both. These other factors could include inflation indicators, personal income, or visitor arrivals, for example. At present, the Company has identified three portfolio segments in estimating the ACL: commercial, residential real estate and consumer lending. The Company’s commercial portfolio segment is comprised of four distinct classes: commercial and industrial loans, commercial real estate loans, construction loans and lease financing. The key risk drivers related to this portfolio segment include risk rating, collateral type, and remaining maturity. The Company’s residential real estate portfolio segment is comprised of two distinct classes: residential real estate loans and home equity lines of credit. Specific risk characteristics related to this portfolio include the value of the underlying collateral, credit score and remaining maturity. Finally, the Company’s consumer portfolio segment is not further segmented, but consists primarily of automobile loans, credit cards and other installment loans. Automobile loans constitute the majority of this segment and are monitored using credit scores, collateral values and remaining maturity. The remainder of the consumer portfolio is predominantly unsecured. Regarding accrued interest receivable, the Company made accounting policy elections to (1) not measure an ACL on accrued interest receivable, (2) write-off accrued interest receivable by reversing interest income and (3) present accrued interest receivable separately from the related financial asset on the balance sheet. Furthermore, regarding collateral-dependent financial assets, the Company elected the practical expedient to use the fair value of collateral at the reporting date when recording the net carrying amount of the asset and determining the ACL for a financial asset for which the repayment is expected to be provided substantially through the operation or sale of the collateral when the borrower is experiencing financial difficulty based on the Company’s assessment as of the reporting date. Accounting Standards Adopted in 2023 In March 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2022-01, Derivatives and Hedging (Topic 815), Fair Value Hedging –Portfolio Layer Method. In March 2022, the FASB issued ASU No. 2022-02, Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures Enactment of the Inflation Reduction Act of 2022 On August 16, 2022, the U.S. government enacted the Inflation Reduction Act (IRA) which, among other changes, created a new corporate alternative minimum tax (AMT) based on adjusted financial statement income and imposes a 1% excise tax on corporate stock repurchases. These provisions became effective January 1, 2023. The enactment of the IRA did not have a material impact on the Company’s consolidated financial statements. Recent Accounting Pronouncements The following ASUs have been issued by the FASB and are applicable to the Company in future reporting periods. In March 2023, the FASB issued ASU No. 2023-01, Leases (Topic 842), Common Control Arrangements. Property, Plant, and Equipment. In March 2023, the FASB issued ASU No. 2023-02, Investments—Equity Method and Joint Ventures (Topic 323), Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. Income Taxes Investments—Equity Method and Joint Ventures—Overall Investments—Equity Securities

Investment Securities

Investment Securities	6 Months Ended
Investment Securities	Jun. 30, 2023
Investment Securities
Investment Securities	2. Investment Securities As of June 30, 2023 and December 31, 2022, investment securities consisted predominantly of the following investment categories: U.S. Treasury and debt securities Mortgage-backed securities Collateralized mortgage obligations Collateralized loan obligations Debt securities issued by states and political subdivisions As of June 30, 2023 and December 31, 2022, the Company’s investment securities were classified as either available-for-sale or held-to-maturity. Amortized cost, gross unrealized holding gains and losses and fair value of available-for-sale and held-to-maturity investment securities as of June 30, 2023 and December 31, 2022 were as follows: June 30, 2023 December 31, 2022 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 $ 128,594 $ — $ (11,709) $ 116,885 $ 163,309 $ — $ (12,327) $ 150,982 Government-sponsored enterprises debt securities 45,000 — (760) 44,240 45,000 — (699) 44,301 Mortgage-backed securities: Residential - Government agency 63,486 — (6,284) 57,202 66,792 — (7,069) 59,723 Residential - Government-sponsored enterprises 1,229,375 — (146,383) 1,082,992 1,317,718 — (157,263) 1,160,455 Commercial - Government agency 276,365 — (50,903) 225,462 282,700 — (44,847) 237,853 Commercial - Government-sponsored enterprises 96,441 — (8,544) 87,897 130,612 — (11,039) 119,573 Commercial - Non-agency 21,964 — (585) 21,379 21,964 — (493) 21,471 Collateralized mortgage obligations: Government agency 688,844 — (83,623) 605,221 738,524 — (85,202) 653,322 Government-sponsored enterprises 496,867 — (69,387) 427,480 533,103 — (70,971) 462,132 Collateralized loan obligations 249,889 — (9,275) 240,614 249,877 50 (8,606) 241,321 Total available-for-sale securities $ 3,296,825 $ — $ (387,453) $ 2,909,372 $ 3,549,599 $ 50 $ (398,516) $ 3,151,133 Government agency debt securities $ 53,189 $ — $ (5,675) $ 47,514 $ 54,318 $ — $ (5,674) $ 48,644 Mortgage-backed securities: Residential - Government agency 45,097 — (5,484) 39,613 46,302 — (6,294) 40,008 Residential - Government-sponsored enterprises 102,940 — (11,898) 91,042 106,534 — (12,978) 93,556 Commercial - Government agency 30,675 — (6,381) 24,294 30,544 — (5,229) 25,315 Commercial - Government-sponsored enterprises 1,137,157 196 (129,963) 1,007,390 1,150,449 — (138,451) 1,011,998 Collateralized mortgage obligations: Government agency 1,036,671 — (119,506) 917,165 1,080,492 — (122,378) 958,114 Government-sponsored enterprises 1,720,672 — (198,450) 1,522,222 1,798,178 — (207,045) 1,591,133 Debt securities issued by states and political subdivisions 54,007 — (5,986) 48,021 53,822 — (7,768) 46,054 Total held-to-maturity securities $ 4,180,408 $ 196 $ (483,343) $ 3,697,261 $ 4,320,639 $ — $ (505,817) $ 3,814,822 During the year ended December 31, 2022, the Company reclassified at fair value approximately $4.6 billion, in available-for-sale investment securities to the held-to-maturity category. The related total unrealized after-tax losses of approximately $372.4 million remained in accumulated other comprehensive loss to be amortized over the estimated remaining life of the securities as an adjustment of yield, offsetting the related accretion of the discount on the transferred securities. No gains or losses were recognized at the time of reclassification. Management considers the held-to-maturity classification of these investment securities to be appropriate as the Company has the positive intent and ability to hold these securities to maturity. There were no securities transferred from available-for-sale investment securities to the held-to-maturity category during the three and six months ended June 30, 2023. Accrued interest receivable related to available-for-sale investment securities was $8.7 million and $8.9 million as of June 30, 2023 and December 31, 2022, respectively. Accrued interest receivable related to held-to-maturity investment securities was $7.2 million and $7.5 million as of June 30, 2023 and December 31, 2022, respectively. Accrued interest receivable 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 $7.5 million and $25.2 million, respectively, for the three months ended June 30, 2023, and $7.7 million and $25.2 million, respectively, for the six months ended June 30, 2023. Proceeds from calls and sales of investment securities were $0.2 million and nil, respectively, for the three months ended June 30, 2022, and $1.2 million and nil, respectively, for the six months ended June 30, 2022. The Company recorded gross realized gains of nil and gross realized losses of nil for the three and six months ended June 30, 2023 and 2022. The income tax expense related to the Company’s net realized gain on the sale of investment securities was nil for the three and six months ended June 30, 2023 and 2022. Gains and losses realized on sales of securities are determined using the specific identification method. Interest income from taxable investment securities was $33.3 million and $31.6 million, respectively, for the three months ended June 30, 2023 and 2022, and $67.3 million and $60.7 million, respectively, for the six months ended June 30, 2023 and 2022. Interest income from non-taxable investment securities was $3.1 million and $3.3 million, respectively, for the three months ended June 30, 2023 and 2022, and $6.7 million and $6.3 million, respectively, for the six months ended June 30, 2023 and 2022. The amortized cost and fair value of debt securities issued by the U.S. Treasury, government agencies, government-sponsored enterprises and states and political subdivisions, non-agency mortgage-backed securities and collateralized loan obligations as of June 30, 2023, by contractual maturity, are shown below. Mortgage-backed securities and collateralized mortgage obligations issued by government agencies and government-sponsored enterprises 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, 2023 Amortized Fair (dollars in thousands) Cost Value Available-for-sale securities Due in one year or less $ 44,820 $ 44,242 Due after one year through five years 60,590 57,478 Due after five years through ten years 175,172 162,622 Due after ten years 164,865 158,776 445,447 423,118 Mortgage-backed securities: Residential - Government agency 63,486 57,202 Residential - Government-sponsored enterprises 1,229,375 1,082,992 Commercial - Government agency 276,365 225,462 Commercial - Government-sponsored enterprises 96,441 87,897 Total mortgage-backed securities 1,665,667 1,453,553 Collateralized mortgage obligations: Government agency 688,844 605,221 Government-sponsored enterprises 496,867 427,480 Total collateralized mortgage obligations 1,185,711 1,032,701 Total available-for-sale securities $ 3,296,825 $ 2,909,372 Held-to-maturity securities Due in one year or less $ — $ — Due after one year through five years — — Due after five years through ten years 10,255 9,264 Due after ten years 96,941 86,271 107,196 95,535 Mortgage-backed securities: Residential - Government agency 45,097 39,613 Residential - Government-sponsored enterprises 102,940 91,042 Commercial - Government agency 30,675 24,294 Commercial - Government-sponsored enterprises 1,137,157 1,007,390 Total mortgage-backed securities 1,315,869 1,162,339 Collateralized mortgage obligations: Government agency 1,036,671 917,165 Government-sponsored enterprises 1,720,672 1,522,222 Total collateralized mortgage obligations 2,757,343 2,439,387 Total held-to-maturity securities $ 4,180,408 $ 3,697,261 At June 30, 2023, pledged securities totaled $6.0 billion, of which $3.2 billion was pledged to secure public deposits, $2.6 billion was pledged to secure borrowing capacity and $171.5 million was pledged to secure other financial transactions. At December 31, 2022, pledged securities totaled $3.2 billion, of which $3.0 billion was pledged to secure public deposits and $207.8 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, 2023 or December 31, 2022. 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 281 and 275 individual securities in each category have been in a continuous loss position as of June 30, 2023 and December 31, 2022, respectively. The unrealized losses on available-for-sale 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, 2023 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 $ (708) $ 19,255 $ (11,001) $ 97,630 $ (11,709) $ 116,885 Government-sponsored enterprises debt securities (760) 44,240 — — (760) 44,240 Mortgage-backed securities: Residential - Government agency — — (6,284) 57,202 (6,284) 57,202 Residential - Government-sponsored enterprises (8,831) 165,828 (137,552) 917,164 (146,383) 1,082,992 Commercial - Government agency (104) 4,256 (50,799) 221,206 (50,903) 225,462 Commercial - Government-sponsored enterprises (546) 15,738 (7,998) 72,159 (8,544) 87,897 Commercial - Non-agency (585) 21,379 — — (585) 21,379 Collateralized mortgage obligations: Government agency (1,260) 31,225 (82,363) 573,996 (83,623) 605,221 Government-sponsored enterprises (2,894) 36,881 (66,493) 390,599 (69,387) 427,480 Collateralized loan obligations (6,360) 163,538 (2,915) 77,076 (9,275) 240,614 Total available-for-sale securities with unrealized losses $ (22,048) $ 502,340 $ (365,405) $ 2,407,032 $ (387,453) $ 2,909,372 Time in Continuous Loss as of December 31, 2022 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 $ (2,962) $ 83,870 $ (9,365) $ 67,112 $ (12,327) $ 150,982 Government-sponsored enterprises debt securities (699) 44,301 — — (699) 44,301 Mortgage-backed securities: Residential - Government agency (7,069) 59,723 — — (7,069) 59,723 Residential - Government-sponsored enterprises (73,954) 645,338 (83,309) 515,117 (157,263) 1,160,455 Commercial - Government agency (15,852) 108,842 (28,995) 129,011 (44,847) 237,853 Commercial - Government-sponsored enterprises (7,348) 94,657 (3,691) 24,916 (11,039) 119,573 Commercial - Non-agency (493) 21,471 — — (493) 21,471 Collateralized mortgage obligations: Government agency (74,797) 596,907 (10,405) 56,415 (85,202) 653,322 Government-sponsored enterprises (21,916) 198,108 (49,055) 264,024 (70,971) 462,132 Collateralized loan obligations: (8,606) 170,042 — — (8,606) 170,042 Total available-for-sale securities with unrealized losses $ (213,696) $ 2,023,259 $ (184,820) $ 1,056,595 $ (398,516) $ 3,079,854 At June 30, 2023 and December 31, 2022, the Company did not have any available-for-sale securities in an unrealized loss position with the intent to sell and determined it was more likely than not that the Company would not be required to sell these securities prior to recovery of the amortized cost basis. As the Company had the intent and ability to hold the remaining available-for-sale securities in an unrealized loss position as of June 30, 2023 and December 31, 2022, 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, 2023 and December 31, 2022, the Company did not expect any credit losses in its available-for-sale debt securities and no credit losses were recognized on available-for-sale securities during the three and six months ended June 30, 2023 and for the year ended December 31, 2022. As of June 30, 2023 and December 31, 2022, the Company’s investment securities were comprised primarily of debt securities, mortgage-backed securities and collateralized mortgage obligations issued by the U.S. Government, its agencies and government-sponsored enterprises, with under 5% of the investment securities comprised of collateralized loan obligations rated AA or better and obligations issued by local state and political subdivisions rated AA or better. For investment securities 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, and these 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. For collateralized loan obligations and debt securities issued by local state and political subdivisions, these securities are investment grade and highly rated and carry either sufficient credit enhancement or days cash on hand to support timely payments of principal and interest. As a result, the Company does not expect any future payment defaults and has not recorded an allowance for credit losses for its available-for-sale and held-to-maturity debt securities as of June 30, 2023 or December 31, 2022. The Company held approximately 120,000 Visa Class B restricted shares as of both June 30, 2023 and December 31, 2022. These shares continued to be carried at $0 cost basis as of both June 30, 2023 and December 31, 2022.

Loans and Leases

Loans and Leases	6 Months Ended
Loans and Leases	Jun. 30, 2023
Loans and Leases.
Loans and Leases	3. Loans and Leases As of June 30, 2023 and December 31, 2022, loans and leases were comprised of the following: June 30, December 31, (dollars in thousands) 2023 2022 Commercial and industrial $ 2,187,831 $ 2,235,897 Commercial real estate 4,290,948 4,132,309 Construction 913,837 844,643 Residential: Residential mortgage 4,317,537 4,302,788 Home equity line 1,138,163 1,055,351 Total residential 5,455,700 5,358,139 Consumer 1,182,116 1,222,934 Lease financing 332,400 298,090 Total loans and leases $ 14,362,832 $ 14,092,012 As of June 30, 2023, commercial real estate and residential real estate loans totaling $4.9 billion were pledged to collateralize the Company’s borrowing capacity at the Federal Home Loan Bank of Des Moines (“FHLB”), and consumer, commercial and industrial, commercial real estate, residential real estate loans and pledged securities totaling $4.9 billion were pledged to collateralize the Company’s borrowing capacity at the Federal Reserve Bank of San Francisco (“FRB”). As of December 31, 2022, residential real estate loans totaling $3.5 billion were pledged to collateralize the Company’s borrowing capacity at the FHLB, and consumer, commercial and industrial, commercial real estate and residential real estate loans totaling $1.7 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 $4.0 million and $2.8 million as of June 30, 2023 and December 31, 2022, 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, 2023
Allowance for Credit Losses
Allowance for Credit Losses	4. Allowance for Credit Losses The Company maintains 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. While management utilizes its best judgment and information available, the ultimate appropriateness of the ACL is dependent upon a variety of factors beyond our control, including the performance of our loan portfolio, the economy, changes in interest rates and the view of the regulatory authorities toward loan classifications. The Company’s methodology is more fully described in our Annual Report on Form 10-K for the year ended December 31, 2022. 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. 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, 2023 and 2022: Three Months Ended June 30, 2023 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 $ 14,038 $ 40,311 $ 6,473 $ 1,481 $ 34,320 $ 9,341 $ 41,158 $ 147,122 Charge-offs (997) — — — — (137) (4,516) (5,650) Recoveries 292 — — — 30 59 1,728 2,109 Provision 477 (424) 3,398 (34) (1,547) 2,543 587 5,000 Balance at end of period $ 13,810 $ 39,887 $ 9,871 $ 1,447 $ 32,803 $ 11,806 $ 38,957 $ 148,581 Six Months Ended June 30, 2023 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 $ 14,564 $ 43,810 $ 5,843 $ 1,551 $ 35,175 $ 8,296 $ 34,661 $ 143,900 Charge-offs (1,788) — — — (122) (272) (9,298) (11,480) Recoveries 538 — — — 57 236 3,894 4,725 Provision 496 (3,923) 4,028 (104) (2,307) 3,546 9,700 11,436 Balance at end of period $ 13,810 $ 39,887 $ 9,871 $ 1,447 $ 32,803 $ 11,806 $ 38,957 $ 148,581 Three Months Ended June 30, 2022 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 $ 19,160 $ 45,238 $ 8,908 $ 1,362 $ 30,888 $ 5,084 $ 39,640 $ 150,280 Charge-offs (243) — — — — (1,120) (3,659) (5,022) Recoveries 301 — — 60 192 191 1,940 2,684 Provision (3,294) (512) (3,541) (24) 2,555 579 5,237 1,000 Balance at end of period $ 15,924 $ 44,726 $ 5,367 $ 1,398 $ 33,635 $ 4,734 $ 43,158 $ 148,942 Six Months Ended June 30, 2022 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 $ 20,080 $ 42,951 $ 9,773 $ 1,659 $ 34,364 $ 5,642 $ 42,793 $ 157,262 Charge-offs (949) — — — — (1,163) (7,768) (9,880) Recoveries 354 14 — 60 208 219 4,088 4,943 Provision (3,561) 1,761 (4,406) (321) (937) 36 4,045 (3,383) Balance at end of period $ 15,924 $ 44,726 $ 5,367 $ 1,398 $ 33,635 $ 4,734 $ 43,158 $ 148,942 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, 2023 and 2022: Three Months Ended June 30, 2023 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 $ 7,153 $ 1,692 $ 8,952 $ — $ 17 $ 18,336 $ 49 $ 36,199 Provision (799) 299 837 — 2 (321) (18) — Balance at end of period $ 6,354 $ 1,991 $ 9,789 $ — $ 19 $ 18,015 $ 31 $ 36,199 Six Months Ended June 30, 2023 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 $ 7,811 $ 2,004 $ 7,470 $ — $ 30 $ 16,483 $ 37 $ 33,835 Provision (1,457) (13) 2,319 — (11) 1,532 (6) 2,364 Balance at end of period $ 6,354 $ 1,991 $ 9,789 $ — $ 19 $ 18,015 $ 31 $ 36,199 Three Months Ended June 30, 2022 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 $ 9,308 $ 1,789 $ 8,046 $ — $ 3 $ 9,766 $ 46 $ 28,958 Provision (1,668) 1,961 (1,962) — 29 1,657 (17) — Balance at end of period $ 7,640 $ 3,750 $ 6,084 $ — $ 32 $ 11,423 $ 29 $ 28,958 Six Months Ended June 30, 2022 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 $ 8,615 $ 2,114 $ 8,963 $ — $ 15 $ 10,546 $ 69 $ 30,322 Provision (975) 1,636 (2,879) — 17 877 (40) (1,364) Balance at end of period $ 7,640 $ 3,750 $ 6,084 $ — $ 32 $ 11,423 $ 29 $ 28,958 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, 2023 was as follows: Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans Amortized Amortized (dollars in thousands) 2023 2022 2021 2020 2019 Prior Cost Basis Cost Basis Total Commercial Lending Commercial and Industrial Risk rating: Pass $ 33,877 $ 299,913 $ 385,159 $ 38,769 $ 157,794 $ 165,747 $ 952,182 $ 15,003 $ 2,048,444 Special Mention 103 31,193 154 849 2,397 1,481 2,967 186 39,330 Substandard 352 563 260 936 819 1,100 12,539 17 16,586 Other (1) 11,743 13,284 6,301 3,275 2,644 1,668 44,556 — 83,471 Total Commercial and Industrial 46,075 344,953 391,874 43,829 163,654 169,996 1,012,244 15,206 2,187,831 Current period gross charge-offs $ 72 $ 60 $ 9 $ 28 $ 92 $ 1,527 $ — $ — $ 1,788 Commercial Real Estate Risk rating: Pass 212,159 876,558 655,847 333,142 564,881 1,499,805 72,447 — 4,214,839 Special Mention 1,737 156 — 547 6,983 12,389 12,952 — 34,764 Substandard — 5,141 — 171 — 35,883 2 — 41,197 Other (1) — — — — — 148 — — 148 Total Commercial Real Estate 213,896 881,855 655,847 333,860 571,864 1,548,225 85,401 — 4,290,948 Current period gross charge-offs — — — — — — — — — Construction Risk rating: Pass 77,826 182,679 365,959 76,728 61,906 82,554 6,562 — 854,214 Special Mention — — — — 205 — — — 205 Other (1) 6,601 26,882 15,766 3,261 2,136 4,067 705 — 59,418 Total Construction 84,427 209,561 381,725 79,989 64,247 86,621 7,267 — 913,837 Current period gross charge-offs — — — — — — — — — Lease Financing Risk rating: Pass 69,487 94,276 21,167 39,215 35,964 70,312 — — 330,421 Special Mention — — 365 60 — — — — 425 Substandard — — — 171 7 1,376 — — 1,554 Total Lease Financing 69,487 94,276 21,532 39,446 35,971 71,688 — — 332,400 Current period gross charge-offs — — — — — — — — — Total Commercial Lending $ 413,885 $ 1,530,645 $ 1,450,978 $ 497,124 $ 835,736 $ 1,876,530 $ 1,104,912 $ 15,206 $ 7,725,016 Current period gross charge-offs $ 72 $ 60 $ 9 $ 28 $ 92 $ 1,527 $ — $ — $ 1,788 (continued) Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans (continued) Amortized Amortized (dollars in thousands) 2023 2022 2021 2020 2019 Prior Cost Basis Cost Basis Total Residential Lending Residential Mortgage FICO: 740 and greater $ 138,593 $ 530,776 $ 1,030,287 $ 544,330 $ 236,821 $ 1,036,361 $ — $ — $ 3,517,168 680 - 739 25,500 81,562 117,701 74,446 34,186 135,766 — — 469,161 620 - 679 2,468 11,212 16,463 10,747 5,743 38,132 — — 84,765 550 - 619 — 3,383 4,058 2,471 254 12,362 — — 22,528 Less than 550 — 197 2,372 1,581 51 5,403 — — 9,604 No Score (3) 6,075 19,497 12,552 6,378 9,837 56,201 — — 110,540 Other (2) 9,916 18,075 17,857 12,952 8,915 28,438 7,618 — 103,771 Total Residential Mortgage 182,552 664,702 1,201,290 652,905 295,807 1,312,663 7,618 — 4,317,537 Current period gross charge-offs $ — $ — $ — $ — $ — $ 122 $ — $ — $ 122 Home Equity Line FICO: 740 and greater — — — — — — 930,741 1,668 932,409 680 - 739 — — — — — — 151,418 2,449 153,867 620 - 679 — — — — — — 32,897 1,376 34,273 550 - 619 — — — — — — 9,428 1,448 10,876 Less than 550 — — — — — — 5,127 312 5,439 No Score (3) — — — — — — 1,299 — 1,299 Total Home Equity Line — — — — — — 1,130,910 7,253 1,138,163 Current period gross charge-offs — — — — — — 254 18 272 Total Residential Lending $ 182,552 $ 664,702 $ 1,201,290 $ 652,905 $ 295,807 $ 1,312,663 $ 1,138,528 $ 7,253 $ 5,455,700 Current period gross charge-offs $ — $ — $ — $ — $ — $ 122 $ 254 $ 18 $ 394 Consumer Lending FICO: 740 and greater 70,561 153,960 93,788 45,022 34,093 19,410 117,437 140 534,411 680 - 739 44,064 84,900 49,136 23,895 19,424 11,352 72,327 431 305,529 620 - 679 14,643 37,576 19,488 9,771 11,007 8,482 33,692 941 135,600 550 - 619 2,255 10,974 8,135 5,608 6,314 5,207 11,730 748 50,971 Less than 550 418 4,358 4,478 2,695 2,975 2,765 4,247 560 22,496 No Score (3) 1,425 586 2 — 6 17 39,035 167 41,238 Other (2) 36 1,208 3,536 343 1,113 1 85,634 — 91,871 Total Consumer Lending $ 133,402 $ 293,562 $ 178,563 $ 87,334 $ 74,932 $ 47,234 $ 364,102 $ 2,987 $ 1,182,116 Current period gross charge-offs $ 58 $ 1,244 $ 1,260 $ 630 $ 1,239 $ 1,388 $ 3,131 $ 348 $ 9,298 Total Loans and Leases $ 729,839 $ 2,488,909 $ 2,830,831 $ 1,237,363 $ 1,206,475 $ 3,236,427 $ 2,607,542 $ 25,446 $ 14,362,832 Current period gross charge-offs $ 130 $ 1,304 $ 1,269 $ 658 $ 1,331 $ 3,037 $ 3,385 $ 366 $ 11,480 (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, 2022 was as follows: Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans Amortized Amortized (dollars in thousands) 2022 2021 2020 2019 2018 Prior Cost Basis Cost Basis Total Commercial Lending Commercial and Industrial Risk rating: Pass $ 359,881 $ 422,567 $ 54,656 $ 170,222 $ 51,476 $ 137,257 $ 894,384 $ 15,715 $ 2,106,158 Special Mention 2,059 240 1,371 2,643 184 1,431 22,897 378 31,203 Substandard 625 289 1,117 1,092 668 885 14,733 65 19,474 Other (1) 17,679 7,721 4,329 3,965 1,881 1,167 42,320 — 79,062 Total Commercial and Industrial 380,244 430,817 61,473 177,922 54,209 140,740 974,334 16,158 2,235,897 Commercial Real Estate Risk rating: Pass 889,583 695,882 319,838 565,587 395,474 1,173,163 48,081 — 4,087,608 Special Mention 170 — 555 14,878 512 11,398 675 — 28,188 Substandard — — 173 — 1,704 14,485 — — 16,362 Other (1) — — — — — 151 — — 151 Total Commercial Real Estate 889,753 695,882 320,566 580,465 397,690 1,199,197 48,756 — 4,132,309 Construction Risk rating: Pass 124,464 261,536 96,423 97,000 88,973 84,704 25,957 — 779,057 Special Mention — — — 221 — — — — 221 Substandard — — — — 21 490 — — 511 Other (1) 29,694 21,339 4,686 2,201 3,784 2,196 954 — 64,854 Total Construction 154,158 282,875 101,109 99,422 92,778 87,390 26,911 — 844,643 Lease Financing Risk rating: Pass 113,563 24,052 43,497 37,502 6,004 67,687 — — 292,305 Special Mention — 411 2,498 1,299 — — — — 4,208 Substandard — — 197 12 11 1,357 — — 1,577 Total Lease Financing 113,563 24,463 46,192 38,813 6,015 69,044 — — 298,090 Total Commercial Lending $ 1,537,718 $ 1,434,037 $ 529,340 $ 896,622 $ 550,692 $ 1,496,371 $ 1,050,001 $ 16,158 $ 7,510,939 (continued) Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans (continued) Amortized Amortized (dollars in thousands) 2022 2021 2020 2019 2018 Prior Cost Basis Cost Basis Total Residential Lending Residential Mortgage FICO: 740 and greater $ 557,636 $ 1,064,444 $ 560,463 $ 245,241 $ 165,258 $ 920,100 $ — $ — $ 3,513,142 680 - 739 73,929 112,672 82,416 40,355 22,126 130,508 — — 462,006 620 - 679 12,320 13,804 9,881 3,649 3,054 35,441 — — 78,149 550 - 619 2,455 2,246 1,791 263 601 6,955 — — 14,311 Less than 550 — 1,321 367 — 966 5,304 — — 7,958 No Score (3) 22,289 14,671 6,820 10,599 15,921 47,245 — — 117,545 Other (2) 18,970 18,211 15,287 9,201 9,124 29,128 9,202 554 109,677 Total Residential Mortgage 687,599 1,227,369 677,025 309,308 217,050 1,174,681 9,202 554 4,302,788 Home Equity Line FICO: 740 and greater — — — — — — 817,123 2,059 819,182 680 - 739 — — — — — — 171,117 2,714 173,831 620 - 679 — — — — — — 45,368 2,100 47,468 550 - 619 — — — — — — 7,485 1,029 8,514 Less than 550 — — — — — — 1,151 481 1,632 No Score (3) — — — — — — 4,724 — 4,724 Total Home Equity Line — — — — — — 1,046,968 8,383 1,055,351 Total Residential Lending 687,599 1,227,369 677,025 309,308 217,050 1,174,681 1,056,170 8,937 5,358,139 Consumer Lending FICO: 740 and greater 200,887 111,047 53,534 43,912 24,951 8,432 125,126 185 568,074 680 - 739 99,787 67,140 37,260 31,751 15,874 7,665 72,101 514 332,092 620 - 679 25,949 29,587 14,226 16,872 9,672 6,488 31,854 937 135,585 550 - 619 3,017 5,475 5,226 8,056 5,396 3,924 11,269 854 43,217 Less than 550 656 1,351 2,286 3,779 1,869 1,593 3,541 443 15,518 No Score (3) 3,205 258 — 51 24 29 38,805 227 42,599 Other (2) 1,615 4,082 353 1,368 — — 78,430 1 85,849 Total Consumer Lending 335,116 218,940 112,885 105,789 57,786 28,131 361,126 3,161 1,222,934 Total Loans and Leases $ 2,560,433 $ 2,880,346 $ 1,319,250 $ 1,311,719 $ 825,528 $ 2,699,183 $ 2,467,297 $ 28,256 $ 14,092,012 (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, 2023 or December 31, 2022. 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, 2023 and December 31, 2022, the aging analysis of the amortized cost basis of the Company’s past due loans and leases was as follows: June 30, 2023 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 $ 1,318 $ 899 $ 1,606 $ 3,823 $ 2,184,008 $ 2,187,831 $ 599 Commercial real estate — 3,278 619 3,897 4,287,051 4,290,948 619 Construction — — — — 913,837 913,837 — Lease financing — — — — 332,400 332,400 — Residential mortgage 2,662 4,531 3,524 10,717 4,306,820 4,317,537 58 Home equity line 3,843 404 3,103 7,350 1,130,813 1,138,163 — Consumer 19,897 3,933 1,975 25,805 1,156,311 1,182,116 1,975 Total $ 27,720 $ 13,045 $ 10,827 $ 51,592 $ 14,311,240 $ 14,362,832 $ 3,251 December 31, 2022 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 $ 2,682 $ 769 $ 1,441 $ 4,892 $ 2,231,005 $ 2,235,897 $ 291 Commercial real estate 4,505 — 727 5,232 4,127,077 4,132,309 — Construction 109 — — 109 844,534 844,643 — Lease financing — — — — 298,090 298,090 — Residential mortgage 3,681 1,983 2,572 8,236 4,294,552 4,302,788 58 Home equity line 5,161 1,381 2,072 8,614 1,046,737 1,055,351 — Consumer 29,927 6,801 2,886 39,614 1,183,320 1,222,934 2,885 Total $ 46,065 $ 10,934 $ 9,698 $ 66,697 $ 14,025,315 $ 14,092,012 $ 3,234 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, 2023 and December 31, 2022 and the amortized cost basis of loans and leases on nonaccrual status with no ACL as of June 30, 2023 and December 31, 2022 were as follows: June 30, 2023 Nonaccrual Loans and Leases With No Nonaccrual Allowance Loans (dollars in thousands) for Credit Losses and Leases Commercial and industrial $ 523 $ 1,024 Residential mortgage 1,549 6,097 Home equity line 596 6,107 Total Nonaccrual Loans and Leases $ 2,668 $ 13,228 December 31, 2022 Nonaccrual Loans and Leases With No Nonaccrual Allowance Loans (dollars in thousands) for Credit Losses and Leases Commercial and industrial $ 665 $ 1,215 Commercial real estate 727 727 Residential mortgage 1,560 6,166 Home equity line 596 3,797 Total Nonaccrual Loans and Leases $ 3,548 $ 11,905 For the three and six months ended June 30, 2023, the Company recognized interest income of $0.2 million and $0.3 million, respectively, on nonaccrual loans and leases, and for both the three and six months ended June 30, 2022, the Company recognized interest income of $0.1 million on nonaccrual loans and leases. Furthermore, for the three and six months ended June 30, 2023, the amount of accrued interest receivables written off by reversing interest income was $0.3 million and $0.5 million, respectively, and for the three and six months ended June 30, 2022, the amount of accrued interest receivables written off by reversing interest income was $0.2 million and $0.4 million, respectively. Collateral-Dependent Loans and Leases Collateral-dependent loans and leases are those for which repayment (on the basis of the Company’s assessment as of the reporting date) is expected to be provided substantially through the operation or sale of the collateral and the borrower is experiencing financial difficulty. As of June 30, 2023 and December 31, 2022, the amortized cost basis of collateral-dependent loans were $7.3 million and $8.2 million, respectively. As of June 30, 2023 and December 31, 2022, these loans were primarily collateralized by residential real estate property. As of both June 30, 2023 and December 31, 2022, the fair value of collateral on substantially all collateral-dependent loans were significantly in excess of their amortized cost basis. Loan Modifications to Borrowers Experiencing Financial Difficulty The Company adopted the provisions of Accounting Standards Update (“ASU”) No. 2022-02, Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures Commercial and industrial loans with a borrower experiencing financial difficulty may be modified through interest rate redu

Mortgage Servicing Rights

Mortgage Servicing Rights	6 Months Ended
Mortgage Servicing Rights	Jun. 30, 2023
Other Assets.
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 $1.4 billion as of both June 30, 2023 and December 31, 2022. Servicing fees include contractually specified fees, late charges, and ancillary fees and were $0.8 million and $1.0 million for the three months ended June 30, 2023 and 2022, respectively, and $1.7 million and $2.0 million for the six months ended June 30, 2023 and 2022, respectively. Amortization of mortgage servicing rights (“MSRs”) was $0.3 million and $0.5 million for three months ended June 30, 2023 and 2022, respectively, and $0.6 million and $1.3 million for the six months ended June 30, 2023 and 2022, respectively. The estimated future amortization expenses for MSRs over the next five years are as follows: Estimated (dollars in thousands) Amortization Under one year $ 885 One to two years 786 Two to three years 696 Three to four years 614 Four to five years 542 The details of the Company’s MSRs are presented below: June 30, December 31, (dollars in thousands) 2023 2022 Gross carrying amount $ 69,341 $ 69,273 Less: accumulated amortization 63,269 62,711 Net carrying value $ 6,072 $ 6,562 The following table presents changes in amortized MSRs for the three and six months ended June 30, 2023 and 2022: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Balance at beginning of period $ 6,299 $ 7,650 $ 6,562 $ 8,302 Originations 51 20 68 105 Amortization (278) (518) (558) (1,255) Balance at end of period $ 6,072 $ 7,152 $ 6,072 $ 7,152 Fair value of amortized MSRs at beginning of period $ 15,169 $ 13,585 $ 15,193 $ 12,243 Fair value of amortized MSRs at end of period $ 14,557 $ 14,969 $ 14,557 $ 14,969 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, 2023 and 2022. The quantitative assumptions used in determining the lower of cost or fair value of the Company’s MSRs as of June 30, 2023 and December 31, 2022 were as follows: June 30, 2023 December 31, 2022 Weighted Weighted Range Average Range Average Conditional prepayment rate 6.96 % - 11.63 % 7.07 % 7.02 % - 13.58 % 7.11 % Life in years (of the MSR) 3.97 - 7.29 7.13 3.35 - 7.37 7.20 Weighted-average coupon rate 3.55 % - 5.91 % 3.69 % 3.55 % - 6.24 % 3.68 % Discount rate 10.36 % - 10.53 % 10.51 % 10.41 % - 10.54 % 10.51 % 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, 2023
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 and/or securities as collateral to secure borrowing capacity. For ACH transactions, the Company enters into bilateral agreements to collateralize possible daylight overdrafts. For interest rate swaps, the Company enters into bilateral agreements to pledge collateral when either party is in a negative 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, 2023 and December 31, 2022 were as follows: (dollars in thousands) June 30, 2023 December 31, 2022 Public deposits $ 3,204,810 $ 2,977,693 Federal Home Loan Bank 4,850,075 3,451,070 Federal Reserve Bank 4,858,315 1,704,803 ACH transactions 128,442 133,173 Interest rate swaps 2,659 31,091 Total $ 13,044,301 $ 8,297,830 As the Company did not enter into reverse repurchase agreements or repurchase agreements, no collateral was accepted as of June 30, 2023 and December 31, 2022. In addition, no debt was extinguished by in-substance defeasance.

Deposits

Deposits	6 Months Ended
Deposits	Jun. 30, 2023
Deposits
Deposits	7. Deposits As of June 30, 2023 and December 31, 2022, deposits were categorized as interest-bearing or noninterest-bearing as follows: (dollars in thousands) June 30, 2023 December 31, 2022 U.S.: Interest-bearing $ 12,048,400 $ 11,936,775 Noninterest-bearing 7,297,964 7,978,046 Foreign: Interest-bearing 863,139 887,608 Noninterest-bearing 868,663 886,600 Total deposits $ 21,078,166 $ 21,689,029 The following table presents the maturity distribution of time certificates of deposit as of June 30, 2023: Under $250,000 (dollars in thousands) $250,000 or More Total Three months or less $ 164,863 $ 998,187 $ 1,163,050 Over three through six months 182,710 666,817 849,527 Over six through twelve months 563,473 407,484 970,957 One to two years 149,667 50,631 200,298 Two to three years 49,772 13,239 63,011 Three to four years 30,798 3,682 34,480 Four to five years 19,437 6,656 26,093 Thereafter 356 — 356 Total $ 1,161,076 $ 2,146,696 $ 3,307,772 Time certificates of deposit in denominations of $250,000 or more, in the aggregate, were $2.1 billion and $1.5 billion as of June 30, 2023 and December 31, 2022, respectively. Overdrawn deposit accounts are classified as loans and totaled $3.6 million and $2.5 million as of June 30, 2023 and December 31, 2022, respectively.

Short-Term Borrowings

Short-Term Borrowings	6 Months Ended
Short-Term Borrowings	Jun. 30, 2023
Short-Term Borrowings
Short-Term Borrowings	8. Short-Term Borrowings At June 30, 2023 and December 31, 2022, short-term borrowings were comprised of the following: (dollars in thousands) June 30, 2023 December 31, 2022 Federal funds purchased $ — $ 75,000 Total short-term borrowings $ — $ 75,000 As of December 31, 2022, the Company’s short-term borrowings consisted of $75.0 million in federal funds purchased with a 4.35% annual interest rate that matured in January 2023. As of June 30, 2023, the Company had no short-term borrowings as the remaining short-term FHLB repo advance (as of March 31, 2023) matured in April 2023. As of June 30, 2023 and December 31, 2022, the Company had a remaining line of credit of $2.9 billion and $2.5 billion available from the FHLB, respectively. The FHLB borrowing capacity was secured by commercial real estate and residential real estate loan collateral as of June 30, 2023 and residential real estate loan collateral as of December 31, 2022. As of June 30, 2023 and December 31, 2022, respectively, the Company had an undrawn line of credit of $3.8 billion and $1.2 billion available from the FRB. The borrowing capacity with the FRB was secured by consumer, commercial and industrial, commercial real estate, residential real estate loans and pledged securities as of June 30, 2023 and consumer, commercial and industrial, commercial real estate and residential real estate loans as of December 31, 2022. See “Note 6. Transfers of Financial Assets” for more information. Six Months Ended June 30, (dollars in thousands) 2023 2022 Federal funds purchased: Weighted-average interest rate at June 30, — % — % Highest month-end balance $ 150,000 $ — Average outstanding balance $ 34,779 $ — Weighted-average interest rate paid 4.45 % — % Short-term FHLB repo advance: Weighted-average interest rate at June 30, — % — % Highest month-end balance $ 400,000 $ — Average outstanding balance $ 208,702 $ — Weighted-average interest rate paid 5.14 % — %

Long-Term Borrowings

Long-Term Borrowings	6 Months Ended
Long-Term Borrowings	Jun. 30, 2023
Long-Term Borrowings
Long-Term Borrowings	9. Long-Term Borrowings Long-term borrowings consisted of the following as of June 30, 2023 and December 31, 2022: (dollars in thousands) June 30, 2023 December 31, 2022 FHLB fixed-rate advances (1) $ 500,000 $ — Total long-term borrowings $ 500,000 $ — (1) Interest is payable monthly. As of June 30, 2023, the Company’s long-term borrowings consisted of $500.0 million in FHLB fixed-rate advances with a weighted average interest rate of 4.71% and maturity dates in September 2024. The FHLB fixed-rate advances require monthly interest-only payments with the principal amount due on the maturity date. There were no long-term borrowings as of December 31, 2022. The FHLB fixed-rate advances and remaining borrowing capacity were secured by commercial real estate and residential real estate loan collateral as of June 30, 2023. The FHLB borrowing capacity was secured by residential real estate loan collateral as of December 31, 2022. As of June 30, 2023, future contractual principal payments and maturities of long-term borrowings were as follows: Principal (dollars in thousands) Payments 2023 $ — 2024 500,000 2025 — 2026 — 2027 — Total $ 500,000

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	6 Months Ended
Accumulated Other Comprehensive Loss	Jun. 30, 2023
AOCI Attributable to Parent [Abstract]
Accumulated Other Comprehensive Loss	10. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss is defined as the revenues, expenses, gains and losses that are included in comprehensive loss but excluded from net income. The Company’s significant items of accumulated other comprehensive loss are pension and other benefits, net unrealized gains or losses on investment securities and net unrealized gains or losses on cash flow derivative hedges. Changes in accumulated other comprehensive income (loss) for the three and six months ended June 30, 2023 and 2022 are presented below: Income Tax Pre-tax Benefit Net of (dollars in Amount (Expense) Tax Accumulated other comprehensive loss at March 31, 2023 $ (834,206) $ 222,527 $ (611,679) Three months ended June 30, 2023 Investment securities: Unrealized net losses arising during the period (14,025) 3,741 (10,284) Reclassification of net losses to net income: Amortization of unrealized holding losses on held-to-maturity securities 13,064 (3,485) 9,579 Net change in investment securities (961) 256 (705) Cash flow derivative hedges: Unrealized net losses arising during the period (2,053) 548 (1,505) Reclassification of net losses included in net income 1,573 (420) 1,153 Net change in cash flow derivative hedges (480) 128 (352) Other comprehensive loss (1,441) 384 (1,057) Accumulated other comprehensive loss at June 30, 2023 $ (835,647) $ 222,911 $ (612,736) Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at December 31, 2022 $ (871,813) $ 232,559 $ (639,254) Six months ended June 30, 2023 Investment securities: Unrealized net gains arising during the period 11,013 (2,938) 8,075 Reclassification of net losses to net income: Amortization of unrealized holding losses on held-to-maturity securities 24,772 (6,608) 18,164 Net change in investment securities 35,785 (9,546) 26,239 Cash flow derivative hedges: Unrealized net losses arising during the period (2,495) 665 (1,830) Reclassification of net losses included in net income 2,876 (767) 2,109 Net change in cash flow derivative hedges 381 (102) 279 Other comprehensive income 36,166 (9,648) 26,518 Accumulated other comprehensive loss at June 30, 2023 $ (835,647) $ 222,911 $ (612,736) Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at March 31, 2022 $ (705,768) $ 188,266 $ (517,502) Three months ended June 30, 2022 Investment securities: Unrealized net losses arising during the period (91,352) 24,369 (66,983) Reclassification of net losses to net income: Amortization of unrealized holding losses on held-to-maturity securities 19,929 (5,317) 14,612 Net change in investment securities (71,423) 19,052 (52,371) Cash flow derivative hedges: Unrealized net losses arising during the period (1,523) 407 (1,116) Reclassification of net gains included in net income (638) 170 (468) Net change in cash flow derivative hedges (2,161) 577 (1,584) Other comprehensive loss (73,584) 19,629 (53,955) Accumulated other comprehensive loss at June 30, 2022 $ (779,352) $ 207,895 $ (571,457) Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at December 31, 2021 $ (165,967) $ 44,274 $ (121,693) Six months ended June 30, 2022 Investment securities: Unrealized net losses arising during the period (629,437) 167,903 (461,534) Reclassification of net losses to net income: Amortization of unrealized holding losses on held-to-maturity securities 19,929 (5,317) 14,612 Net change in investment securities (609,508) 162,586 (446,922) Cash flow derivative hedges: Unrealized net losses arising during the period (3,239) 865 (2,374) Reclassification of net gains included in net income (638) 170 (468) Net change in cash flow derivative hedges (3,877) 1,035 (2,842) Other comprehensive loss (613,385) 163,621 (449,764) Accumulated other comprehensive loss at June 30, 2022 $ (779,352) $ 207,895 $ (571,457) The following table summarizes changes in accumulated other comprehensive income (loss), net of tax, for the periods indicated: Pensions Accumulated and Available-for-Sale Held-to-Maturity Cash Flow Other Other Investment Investment Derivative Comprehensive (dollars in thousands) Benefits Securities Securities Hedges Income (Loss) Three Months Ended June 30, 2023 Balance at beginning of period $ (5,431) $ (273,816) $ (328,361) $ (4,071) $ (611,679) Other comprehensive (loss) income — (10,284) 9,579 (352) (1,057) Balance at end of period $ (5,431) $ (284,100) $ (318,782) $ (4,423) $ (612,736) Six Months Ended June 30, 2023 Balance at beginning of period $ (5,431) $ (292,175) $ (336,946) $ (4,702) $ (639,254) Other comprehensive income — 8,075 18,164 279 26,518 Balance at end of period $ (5,431) $ (284,100) $ (318,782) $ (4,423) $ (612,736) Three Months Ended June 30, 2022 Balance at beginning of period $ (24,390) $ (491,854) $ — $ (1,258) $ (517,502) Unrealized net losses related to the transfer of securities from available-for-sale to held-to-maturity — 338,816 (338,816) — — Other comprehensive (loss) income — (66,983) 14,612 (1,584) (53,955) Balance at end of period $ (24,390) $ (220,021) $ (324,204) $ (2,842) $ (571,457) Six Months Ended June 30, 2022 Balance at beginning of period $ (24,390) $ (97,303) $ — $ — $ (121,693) Unrealized net losses related to the transfer of securities from available-for-sale to held-to-maturity — 338,816 (338,816) — — Other comprehensive (loss) income — (461,534) 14,612 (2,842) (449,764) Balance at end of period $ (24,390) $ (220,021) $ (324,204) $ (2,842) $ (571,457)

Regulatory Capital Requirements

Regulatory Capital Requirements	6 Months Ended
Regulatory Capital Requirements	Jun. 30, 2023
Regulatory Capital Requirements
Regulatory Capital Requirements	11. Regulatory Capital Requirements Federal and state laws and regulations limit the amount of dividends the Company may declare or pay. The Company depends primarily on dividends from FHB as the source of funds for the Company’s payment of dividends. The Company and the Bank are subject to various regulatory capital requirements imposed by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Company’s and the Bank’s operating activities and financial condition. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of its assets and certain off-balance sheet items. The capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. The table below sets forth those ratios at June 30, 2023 and December 31, 2022: First Hawaiian Minimum Well- First Hawaiian, Inc. Bank Capital Capitalized (dollars in thousands) Amount Ratio Amount Ratio Ratio (1) Ratio (1) June 30, 2023: Common equity tier 1 capital to risk-weighted assets $ 1,976,982 12.05 % $ 1,963,228 11.96 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,976,982 12.05 % 1,963,228 11.96 % 6.00 % 8.00 % Total capital to risk-weighted assets 2,161,762 13.17 % 2,148,008 13.09 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,976,982 8.30 % 1,963,228 8.24 % 4.00 % 5.00 % December 31, 2022: Common equity tier 1 capital to risk-weighted assets $ 1,912,767 11.82 % $ 1,895,693 11.71 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,912,767 11.82 % 1,895,693 11.71 % 6.00 % 8.00 % Total capital to risk-weighted assets 2,090,502 12.92 % 2,073,428 12.81 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,912,767 8.11 % 1,895,693 8.04 % 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, 2023, 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, 2023, 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, 2023
Derivative Financial Instruments
Derivative Financial Instruments	12. Derivative Financial Instruments The Company enters into derivative contracts primarily to manage its interest rate risk, as well as for customer accommodation purposes. Derivatives used for risk management purposes consist of interest rate swaps and collars 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 the notional amounts and fair values of derivatives held by the Company as of June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 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 $ 267,500 $ 7,669 $ (5,466) $ 267,500 $ 7,276 $ (6,840) Interest rate collars 200,000 — (566) 200,000 491 (63) Derivatives not designated as hedging instruments: Interest rate swaps 5,706,771 21,030 (20,788) 2,849,776 3,178 (42,365) Visa derivative 98,322 — (1,200) 121,013 — (851) Foreign exchange contracts 118 — — 210 — — (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, 2023 and December 31, 2022, the amount of initial margin cash collateral posted by the Company was $2.7 million and $1.2 million, respectively. As of June 30, 2023 and December 31, 2022, the variation margin was $0.2 million and $39.2 million, respectively. As of June 30, 2023, the Company pledged $2.7 million in cash and received $82.9 million in cash as collateral for interest rate swaps. As of December 31, 2022, the Company pledged $29.9 million in financial instruments and $1.2 million in cash and received $48.1 million in cash as collateral for interest rate swaps. As of June 30, 2023 and December 31, 2022, 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, 2023 and December 31, 2022, the Company carried one interest rate swap with a notional amount of $67.5 million, which was designated and qualified as a fair value hedge for a commercial and industrial loan. As of June 30, 2023 and December 31, 2022, the interest rate swap had a positive fair value of $7.7 million and $7.3 million, respectively. The swap matures in 2041. The Company received a USD Federal Funds floating rate and paid a fixed rate of 2.07% . 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, 2023 and 2022: Gains (losses) recognized in Three Months Ended Six Months Ended the consolidated statements June 30, June 30, (dollars in of income line item 2023 2022 2023 2022 Gains (losses) on fair value hedging relationships recognized in interest income: Recognized on interest rate swap Loans and lease financing $ (795) $ 4,631 $ 394 $ 6,143 Recognized on hedged item Loans and lease financing 708 (4,729) (577) (6,346) As of June 30, 2023 and December 31, 2022, 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, 2023 December 31, 2022 June 30, 2023 December 31, 2022 Line item in the consolidated balance sheets in which the hedged item is included Loans and leases $ 59,793 $ 60,189 $ (7,707) $ (7,311) Cash Flow Hedges The Company utilized interest rate swaps to reduce asset sensitivity and enhance current yields associated with interest payments received on a pool of floating-rate loans. The Company entered into interest rate swaps paying floating rates and receiving fixed rates. The floating-rate index (Bloomberg Short-Term Bank Yield Index, or “BSBY”) corresponds to the floating-rate nature of the interest receipts being hedged (based on USD Prime). The swaps provided an initial benefit to interest income as the Company received the higher fixed rate, which persisted while the floating rate remained below the swap’s fixed rate. By hedging with interest rate swaps, the Company minimized the adverse impact on interest income previously associated with a low interest rate environment on floating-rate loans. As of June 30, 2023 and December 31, 2022, the Company carried two interest rate swaps with notional amounts totaling $200.0 million, with a negative fair value totaling $5.5 million and $6.8 million, respectively. The swaps mature in 2024. The Company received fixed rates ranging from 1.70% to 2.08% and paid 1-month BSBY. The Company also utilized interest rate collars to manage interest rate risk and protect against downside risk in yields associated with interest payments received on a pool of floating-rate assets. The floating-rate index of the collars (Secured Overnight Financing Rate, or “SOFR”) corresponds to the floating-rate nature of the interest receipts being hedged (based on SOFR). Interest rate collars involve the payments of variable-rate amounts if the collar index exceeds the cap strike rate on the contract and receipts of variable-rate amounts if the collar index falls below the floor strike rate on the contract. No payments are required if the collar index falls between the cap and floor rates. By hedging with interest rate collars, the Company mitigates the adverse impact on interest income associated with possible future decreases in interest rates. As of June 30, 2023 and December 31, 2022, the Company carried two interest rate collars with notional amounts totaling $200.0 million. As of June 30, 2023, these interest rate collars had a negative fair value of $0.6 million. As of December 31, 2022, these interest rate collars had a positive fair value of $0.5 million and a negative fair value of $0.1 million. The collars mature in 2025 and 2027. The interest rate collars had a floor strike rate of 2.00% and cap strike rates ranging from 5.31% to 5.64%. The interest rate swaps and collars are designated and qualify as cash flow hedges. To the extent that the hedge is considered highly effective, the gain or loss on the interest rate swaps and collars is reported as a component of other comprehensive income (loss) and reclassified into earnings in the same period that the hedged transaction affects earnings. The following table summarizes the effect of cash flow hedging relationships for the three and six months ended June 30, 2023 and 2022: Three Months Ended Six Months Ended June 30, June 30, (dollars in 2023 2022 2023 2022 Pretax net losses recognized in other comprehensive income on cash flow derivative hedges $ (2,053) $ (1,523) $ (2,495) $ (3,239) Pretax net losses (gains) reclassified from accumulated other comprehensive income to interest income from loans and lease financing 1,573 (638) 2,876 (638) The estimated net amount to be reclassified within the next 12 months out of accumulated other comprehensive income (loss) into earnings is $5.5 million as a decrease to interest income from loans and lease financing. As of June 30, 2023, the maximum length of time over which forecasted transactions are hedged is approximately four years. 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, 2023 and 2022: Net gains (losses) recognized Three Months Ended Six Months Ended in the consolidated statements June 30, June 30, (dollars in of income line item 2023 2022 2023 2022 Derivatives Not Designated As Hedging Instruments: Interest rate swaps Other noninterest income $ (180) $ — $ (558) $ — Visa derivative Other noninterest income $ (1,816) $ 123 (3,779) (1,357) Foreign exchange contracts Other noninterest income — (6) — — As of June 30, 2023, the Company carried multiple interest rate swaps with notional amounts totaling $5.7 billion, all of which were related to the Company’s customer swap program, with a positive fair value of $21.0 million and a negative fair value of $20.8 million. The Company received floating rates ranging from 5.48% to 8.17% and paid fixed rates ranging from 2.39% to 6.91%. The swaps mature between July 2023 and June 2040. As of December 31, 2022, the Company carried multiple interest rate swaps with notional amounts totaling $2.8 billion, all of which were related to the Company’s customer swap program, with a positive fair value of $3.2 million and a negative fair value of $42.4 million. The Company received floating rates ranging from 4.62% to 7.12% and paid fixed rates ranging from 2.39% to 6.13%. These swaps resulted in net interest expense of nil during both the three and six months ended June 30, 2023 and 2022. 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 $1.4 million and $0.5 million for the three months ended June 30, 2023 and 2022, respectively, and $1.5 million and $1.4 million for the six months ended June 30, 2023 and 2022, respectively. Visa Class B Restricted Shares 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 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. During 2018 through 2023, Visa funded its litigation escrow account, thereby reducing each member bank’s Class B conversion rate to unrestricted Class A common shares from 1.6483 to the current conversion rate of 1.5902. 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 $1.2 million and $0.9 million was included in the unaudited interim consolidated balance sheets at June 30, 2023 and December 31, 2022, respectively, to provide for the fair value of this liability. There were no sales of these shares prior to 2016. See “Note 17. Fair Value” for more information. Counterparty Credit Risk By using derivatives, the Company is exposed to counterparty credit risk if counterparties to the derivative contracts do not perform as expected. If a counterparty fails to perform, the Company’s counterparty credit risk is equal to the amount reported as a derivative asset, net of cash or other collateral received, and net of derivatives in a loss position with the same counterparty to the extent master netting arrangements exist. The Company minimizes counterparty credit risk through credit approvals, limits, monitoring procedures, executing master netting arrangements and obtaining collateral, where appropriate. Counterparty credit risk related to derivatives is considered in determining fair value. The Company’s interest rate swap agreements include bilateral collateral agreements with collateral requirements, which begin with exposures in excess of $0.3 million. For each counterparty, the Company reviews the interest rate swap collateral daily. Collateral for customer interest rate swap agreements, calculated as the pledged asset less loan balance, requires valuation of the pledged asset. Counterparty credit risk adjustments of nil were recognized during both the three months ended June 30, 2023 and 2022, and nil and $0.1 million were recognized during the six months ended June 30, 2023 and 2022, respectively. Credit-Risk Related Contingent Features Certain of the Company’s 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. The aggregate fair value of all derivative instruments with such credit-risk related contingent features that are in a net liability position was nil at both June 30, 2023 and December 31, 2022, for which the Company posted nil in collateral in the normal course of business. If the Company’s credit rating had been downgraded as of June 30, 2023 and December 31, 2022, the Company 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, 2023
Commitments and Contingent Liabilities
Commitments and Contingent Liabilities	13. 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. 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 $75.8 million and $90.5 million at June 30, 2023 and December 31, 2022, 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 $8.3 million and $8.1 million at June 30, 2023 and December 31, 2022, 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, 2023 have maturities ranging from July 2023 to September 2026. 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, 2023 and December 31, 2022 were as follows: June 30, December 31, (dollars in 2023 2022 Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 6,748,717 $ 6,760,395 Standby letters of credit 236,450 244,275 Commercial letters of credit 7,541 7,299 Guarantees The Company sells residential mortgage loans in the secondary market primarily to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation that may potentially require repurchase under certain conditions. This risk is managed through the Company’s underwriting practices. The Company services loans sold to investors and loans originated by other originators under agreements that may include repurchase remedies if certain servicing requirements are not met. This risk is managed through the Company’s quality assurance and monitoring procedures. Management does not anticipate any material losses as a result of these transactions. Foreign Exchange Contracts The Company has forward foreign exchange contracts that represent commitments to purchase or sell foreign currencies at a future date at a specified price. The Company’s utilization of forward foreign exchange contracts is subject to the primary underlying risk of movements in foreign currency exchange rates and to additional counterparty risk should its counterparties fail to meet the terms of their contracts. Forward foreign exchange contracts are utilized to mitigate the Company’s risk to satisfy customer demand for foreign currencies and are not used for trading purposes. See “Note 12. Derivative Financial Instruments” for more information. Reorganization Transactions On April 1, 2016, a series of reorganization transactions were undertaken to facilitate FHI’s initial public offering. In connection with the reorganization transactions, FHI distributed its interest in BancWest Holding Inc. (“BWHI”), including Bank of the West (“BOW”) to BNP Paribas (“BNPP”) so that BWHI was held directly by BNPP. As a result of the reorganization transactions that occurred on April 1, 2016, various tax or other contingent liabilities could arise related to the business of BOW, or related to the Company’s operations prior to the restructuring when it was known as BancWest Corporation, including its then wholly owned subsidiary, BOW. The Company is not able to determine the ultimate outcome or estimate the amounts of these contingent liabilities, if any, at this time.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
Revenue from Contracts with Customers	Jun. 30, 2023
Revenue from Contracts with Customers
Revenue from Contracts with Customers	14. Revenue from Contracts with Customers Revenue Recognition In accordance with Topic 606, Revenue from Contracts with Customers Disaggregation of Revenue The following table summarizes the Company’s revenues, which includes net interest income on financial instruments and noninterest income, disaggregated by type of service and business segments for the periods indicated: Three Months Ended June 30, 2023 Treasury Retail Commercial and (dollars in Banking Banking Other Total Net interest income (1) $ 104,237 $ 41,496 $ 14,206 $ 159,939 Service charges on deposit accounts 6,458 662 126 7,246 Credit and debit card fees — 13,639 1,239 14,878 Other service charges and fees 6,049 424 550 7,023 Trust and investment services income 9,448 — — 9,448 Other 88 2,534 436 3,058 Not in scope of Topic 606 (1) 1,754 1,827 2,114 5,695 Total noninterest income 23,797 19,086 4,465 47,348 Total revenue $ 128,034 $ 60,582 $ 18,671 $ 207,287 Six Months Ended June 30, 2023 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 213,157 $ 82,435 $ 31,594 $ 327,186 Service charges on deposit accounts 13,000 1,288 189 14,477 Credit and debit card fees — 28,053 2,536 30,589 Other service charges and fees 12,220 844 1,063 14,127 Trust and investment services income 19,062 — — 19,062 Other 327 3,850 2,086 6,263 Not in scope of Topic 606 (1) 3,455 2,939 5,459 11,853 Total noninterest income 48,064 36,974 11,333 96,371 Total revenue $ 261,221 $ 119,409 $ 42,927 $ 423,557 (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, derivative financial instruments and bank-owned life insurance. Three Months Ended June 30, 2022 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 107,368 $ 36,826 $ 953 $ 145,147 Service charges on deposit accounts 6,085 413 345 6,843 Credit and debit card fees — 15,243 1,206 16,449 Other service charges and fees 6,306 417 487 7,210 Trust and investment services income 8,759 — — 8,759 Other 175 2,873 287 3,335 Not in scope of Topic 606 (1) 1,160 1,469 (1,088) 1,541 Total noninterest income 22,485 20,415 1,237 44,137 Total revenue $ 129,853 $ 57,241 $ 2,190 $ 189,284 Six Months Ended June 30, 2022 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 201,416 $ 71,914 $ 5,689 $ 279,019 Service charges on deposit accounts 12,734 759 851 14,344 Credit and debit card fees — 28,269 2,422 30,691 Other service charges and fees 12,869 1,198 856 14,923 Trust and investment services income 17,642 — — 17,642 Other 303 5,457 545 6,305 Not in scope of Topic 606 (1) 2,252 3,387 (4,027) 1,612 Total noninterest income 45,800 39,070 647 85,517 Total revenue $ 247,216 $ 110,984 $ 6,336 $ 364,536 (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, derivative financial instruments and bank-owned life insurance. For the three and six months ended June 30, 2023 and 2022, 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. The Company received signing bonuses from two vendors in prior years, which are being amortized over the term of the respective contracts. As of June 30, 2023 and December 31, 2022, the Company had contract liabilities of $2.3 million and $2.7 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, 2023, the Company’s recognized revenues increased and contract liabilities decreased by approximately $0.2 million and $0.4 million due to the passage of time. For the three and six months ended June 30, 2022, the Company’s recognized revenues increased and contract liabilities decreased by approximately $0.2 million and $0.5 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, 2023 and December 31, 2022, there were no material receivables from contracts with customers or contract assets recorded on the Company’s unaudited interim consolidated balance sheets. Other Except for the contract liabilities noted above, the Company did not have any significant performance obligations as of June 30, 2023 and December 31, 2022. 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, 2023
Earnings per Share
Earnings per Share	15. Earnings per Share For the three and six months ended June 30, 2023, the Company made no adjustments to net income for the purpose of computing earnings per share and there were 699,000 and 310,000 antidilutive securities, respectively. For the three and six months ended June 30, 2022, the Company made no adjustments to net income for the purposes of computing earnings per share and there were 149,000 and 22,000 antidilutive securities, respectively. For the three and six months ended June 30, 2023 and 2022, the computations of basic and diluted earnings per share were as follows: Three Months Ended June 30, Six Months Ended June 30, (dollars in 2023 2022 2023 2022 Numerator: Net income $ 62,442 $ 59,360 $ 129,260 $ 117,079 Denominator: Basic: weighted-average shares outstanding 127,591,371 127,672,244 127,522,975 127,614,564 Add: weighted-average equity-based awards 240,980 342,533 378,250 494,066 Diluted: weighted-average shares outstanding 127,832,351 128,014,777 127,901,225 128,108,630 Basic earnings per share $ 0.49 $ 0.46 $ 1.01 $ 0.92 Diluted earnings per share $ 0.49 $ 0.46 $ 1.01 $ 0.91

Noninterest Income and Noninter

Noninterest Income and Noninterest Expense	6 Months Ended
Noninterest Income and Noninterest Expense	Jun. 30, 2023
Benefit Plans
Noninterest Income and Noninterest Expense	16. 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, 2023 and 2022: Income line item where recognized in Pension Benefits Other Benefits (dollars in the consolidated statements of income 2023 2022 2023 2022 Three Months Ended June 30, Service cost Salaries and employee benefits $ — $ — $ 147 $ 214 Interest cost Other noninterest expense 2,059 1,361 220 143 Expected return on plan assets Other noninterest expense (882) (782) — — Recognized net actuarial loss (gain) Other noninterest expense 719 1,269 (379) (101) Total net periodic benefit cost $ 1,896 $ 1,848 $ (12) $ 256 Six Months Ended June 30, Service cost Salaries and employee benefits $ — $ — $ 294 $ 429 Interest cost Other noninterest expense 4,118 2,722 440 287 Expected return on plan assets Other noninterest expense (1,765) (1,565) — — Recognized net actuarial loss (gain) Other noninterest expense 1,438 2,537 (758) (202) Total net periodic benefit cost $ 3,791 $ 3,694 $ (24) $ 514 Leases The Company recognized operating lease income related to lease payments of $1.5 million and $1.6 million for the three months ended June 30, 2023 and 2022, respectively, and $3.1 million for both the six months ended June 30, 2023 and 2022. In addition, the Company recognized $1.5 million and $1.6 million of lease income related to variable lease payments for the three months ended June 30, 2023 and 2022, respectively, and $3.3 million and $3.2 million for the six months ended June 30, 2023 and 2022, respectively.

Fair Value

Fair Value	6 Months Ended
Fair Value	Jun. 30, 2023
Fair Value
Fair Value	17. Fair Value The Company determines the fair values of its financial instruments based on the requirements established in Accounting Standards Codification Topic 820 (“Topic 820”), Fair Value Measurements Fair Value Hierarchy Topic 820 establishes three levels of fair values based on the markets in which the assets or liabilities are traded and the reliability of the assumptions used to determine fair value. The levels are: ◾ Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. ◾ Level 2: Observable inputs other than Level 1 prices, such as quoted prices for similar assets and liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ◾ Level 3: Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset or liability (“Company-level data”). Level 3 assets and liabilities include financial instruments whose value is determined using unobservable inputs to pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Topic 820 requires that the Company disclose estimated fair values for certain financial instruments. Financial instruments include such items as investment securities, loans, deposits, interest rate and foreign exchange contracts, swaps and other instruments as defined by the standard. The Company has an organized and established process for determining and reviewing the fair value of financial instruments reported in the Company’s financial statements. The fair value measurements are reviewed to ensure they are reasonable and in line with market experience in similar asset and liability classes. Additionally, the Company may be required to record at fair value other assets on a nonrecurring basis, such as other real estate owned, other customer relationships, and other intangible assets. These nonrecurring fair value adjustments typically involve the application of lower-of-cost-or-fair-value accounting or write-downs of individual assets. Disclosure of fair values is not required for certain items such as lease financing, obligations for pension and other postretirement benefits, premises and equipment, prepaid expenses, deposit liabilities with no defined or contractual maturity, and income tax assets and liabilities. Reasonable comparisons of fair value information with that of other financial institutions cannot necessarily be made because the standard permits many alternative calculation techniques, and numerous assumptions have been used to estimate the Company’s fair values. Valuation Techniques Used in the Fair Value Measurement of Assets and Liabilities Carried at Fair Value For the assets and liabilities measured at fair value on a recurring basis (categorized in the valuation hierarchy table below), the Company applies the following valuation techniques: Available-for-sale securities Available-for-sale debt securities are recorded at fair value on a recurring basis. Fair value measurement is based on quoted prices, including estimates by third-party pricing services, if available. If quoted prices are not available, fair values are measured using proprietary valuation models that utilize market observable parameters from active market makers and inter-dealer brokers whereby securities are valued based upon available market data for securities with similar characteristics. Management reviews the pricing information received from the Company’s third-party pricing service to evaluate the inputs and valuation methodologies used to place securities into the appropriate level of the fair value hierarchy and transfers of securities within the fair value hierarchy are made if necessary. On a monthly basis, management reviews the pricing information received from the third-party pricing service which includes a comparison to non-binding third-party broker quotes, as well as a review of market-related conditions impacting the information provided by the third-party pricing service. Management also identifies investment securities which may have traded in illiquid or inactive markets by identifying instances of a significant decrease in the volume or frequency of trades, relative to historical levels, as well as instances of a significant widening of the bid-ask spread in the brokered markets. As of June 30, 2023 and December 31, 2022, 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. During 2018 through 2023, Visa funded its litigation escrow account, thereby reducing each member bank’s Class B conversion rate to unrestricted Class A common shares from 1.6483 to the current conversion rate of 1.5902. The Visa derivative of $1.2 million and $0.9 million was included in the unaudited interim consolidated balance sheets at June 30, 2023 and December 31, 2022, 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, 2023 and December 31, 2022 are summarized below: Fair Value Measurements as of June 30, 2023 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 $ — $ 116,885 $ — $ 116,885 Government-sponsored enterprises debt securities — 44,240 — 44,240 Mortgage-backed securities: Residential - Government agency (1) — 57,202 — 57,202 Residential - Government-sponsored enterprises (1) — 1,082,992 — 1,082,992 Commercial - Government agency — 225,462 — 225,462 Commercial - Government-sponsored enterprises — 87,897 — 87,897 Commercial - Non-agency — 21,379 — 21,379 Collateralized mortgage obligations: Government agency — 605,221 — 605,221 Government-sponsored enterprises — 427,480 — 427,480 Collateralized loan obligations — 240,614 — 240,614 Total available-for-sale securities — 2,909,372 — 2,909,372 Other assets (2) 2,257 28,699 — 30,956 Liabilities Other liabilities (3) — (26,820) (1,200) (28,020) Total $ 2,257 $ 2,911,251 $ (1,200) $ 2,912,308 (1) Backed by residential real estate. (2) Other assets classified as Level 1 include 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, 2022 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 $ — $ 150,982 $ — $ 150,982 Government-sponsored enterprises debt securities — 44,301 — 44,301 Mortgage-backed securities: Residential - Government agency (1) — 59,723 — 59,723 Residential - Government-sponsored enterprises (1) — 1,160,455 — 1,160,455 Commercial - Government agency — 237,853 — 237,853 Commercial - Government-sponsored enterprises — 119,573 — 119,573 Commercial - Non-agency — 21,471 — 21,471 Collateralized mortgage obligations: Government agency — 653,322 — 653,322 Government-sponsored enterprises — 462,132 — 462,132 Collateralized loan obligations — 241,321 — 241,321 Total available-for-sale securities — 3,151,133 — 3,151,133 Other assets (2) 5,376 10,945 — 16,321 Liabilities Other liabilities (3) — (49,268) (851) (50,119) Total $ 5,376 $ 3,112,810 $ (851) $ 3,117,335 (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. For Level 3 assets and liabilities measured at fair value on a recurring basis as of June 30, 2023 and December 31, 2022, the significant unobservable inputs used in the fair value measurements were as follows: Quantitative Information about Level 3 Fair Value Measurements at June 30, 2023 Significant (dollars in thousands) Fair value Valuation Technique Unobservable Input Range Visa derivative $ (1,200) Discounted Cash Flow Expected Conversion Rate - 1.5902 (1) 1.5341 - 1.5902 Expected Term - 3 months (2) 0 - 6 months Growth Rate - 26% (3) 10% - 38% Quantitative Information about Level 3 Fair Value Measurements at December 31, 2022 Significant (dollars in thousands) Fair value Valuation Technique Unobservable Input Range Visa derivative $ (851) Discounted Cash Flow Expected Conversion Rate - 1.5991 (1) 1.5514-1.5991 Expected Term - 3 months (2) 0 - 6 months Growth Rate - 26% (3) 10% - 38% (1) Due to the uncertainty in the movement of the conversion rate, the current conversion rate was utilized in the fair value calculation. (2) The expected term of 3 months was based on the median of 0 to 6 months. (3) The growth rate was based on the arithmetic average of analyst price targets. Changes in Fair Value Levels For the three and six months ended June 30, 2023 and 2022, 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, 2023 and 2022 are summarized below: Visa Derivative (dollars in 2023 2022 Three Months Ended June 30, Balance as of April 1, $ (1,200) $ (5,794) Total net gains (losses) included in other noninterest income (1,816) 123 Settlements 1,816 1,885 Balance as of June 30, $ (1,200) $ (3,786) Total net gains (losses) included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30, $ (1,816) $ 123 Six Months Ended June 30, Balance as of January 1, $ (851) $ (5,530) Total net losses included in other noninterest income (3,779) (1,357) Settlements 3,430 3,101 Balance as of June 30, $ (1,200) $ (3,786) Total net losses included in net income attributable to the change in unrealized losses related to liabilities still held as of June 30, $ (3,779) $ (1,357) 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, 2023 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 $ 558,131 $ 318,333 $ 239,798 $ — $ 558,131 Investment securities held-to-maturity 4,180,408 — 3,697,261 — 3,697,261 Loans (1) 14,030,432 — — 13,304,749 13,304,749 Financial liabilities: Time deposits (2) $ 3,307,772 $ — $ 3,262,608 $ — $ 3,262,608 Long-term borrowings 500,000 — 492,616 — 492,616 December 31, 2022 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 $ 526,624 $ 297,502 $ 229,122 $ — $ 526,624 Investment securities held-to-maturity 4,320,639 — 3,814,822 — 3,814,822 Loans (1) 13,793,922 — — 13,138,787 13,138,787 Financial liabilities: Time deposits (2) $ 2,476,050 $ — $ 2,423,231 $ — $ 2,423,231 Short-term borrowings 75,000 — 74,991 — 74,991 (1) Excludes financing leases of $332.4 million at June 30, 2023 and $298.1 million at December 31, 2022. (2) Excludes deposit liabilities with no defined or contractual maturity of $17.8 billion as of June 30, 2023 and $19.2 billion as of December 31, 2022. Unfunded loan and lease commitments and letters of credit are not included in the tables above. As of both June 30, 2023 and December 31, 2022, the Company had $7.0 billion 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 $51.1 million and $48.5 million at June 30, 2023 and December 31, 2022, 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. There were no assets with nonrecurring fair value adjustments held as of June 30, 2023 and December 31, 2022. Additionally, there were no nonrecurring fair value adjustments for both the three and six months ended June 30, 2023 and 2022.

Reportable Operating Segments

Reportable Operating Segments	6 Months Ended
Reportable Operating Segments	Jun. 30, 2023
Reportable Operating Segments
Reportable Operating Segments	18. Reportable Operating Segments The Company’s operations are organized into three business segments – Retail Banking, Commercial Banking, and Treasury and Other. These segments reflect how discrete financial information is currently evaluated by the chief operating decision maker and how performance is assessed and resources allocated. The Company’s internal management process measures the performance of these business segments. This process, which is not necessarily comparable with similar information for any other financial institution, uses various techniques to assign balance sheet and income statement amounts to the business segments, including allocations of income, expense, the provision for credit losses, and capital. This process is dynamic and requires certain allocations based on judgment and other subjective factors. Unlike financial accounting, there is no comprehensive authoritative guidance for management accounting that is equivalent to GAAP. The net interest income of the business segments reflects the results of a funds transfer pricing process that matches assets and liabilities with similar interest rate sensitivity and maturity characteristics and reflects the allocation of net interest income related to the Company’s overall asset and liability management activities on a proportionate basis. The basis for the allocation of net interest income is a function of the Company’s assumptions that are subject to change based on changes in current interest rates and market conditions. Funds transfer pricing also serves to transfer interest rate risk to Treasury. The Company allocates the provision for credit losses from the Treasury and Other business segment (which is comprised of many of the Company’s support units) to the Retail and Commercial business segments. These allocations are based on direct costs incurred by the Retail and Commercial business segments. Noninterest income and expense includes allocations from support units to the business segments. These allocations are based on actual usage where practicably calculated or by management’s estimate of such usage. Income tax expense is allocated to each business segment based on the consolidated effective income tax rate for the period shown. 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 and loans, automobile loans and leases, secured and unsecured 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 51 banking locations throughout the State of Hawaii, Guam and Saipan. Commercial Banking Commercial Banking offers products that include corporate banking related products, commercial real estate loans, commercial lease financing, secured and unsecured lines of credit, 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 cross-border wires for business and personal reasons 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, 2023 Net interest income $ 104,237 $ 41,496 $ 14,206 $ 159,939 Provision for credit losses (1,991) (3,009) — (5,000) Net interest income after provision for credit losses 102,246 38,487 14,206 154,939 Noninterest income 23,797 19,086 4,465 47,348 Noninterest expense (77,597) (27,086) (16,198) (120,881) Income before provision for income taxes 48,446 30,487 2,473 81,406 Provision for income taxes (11,361) (6,882) (721) (18,964) Net income $ 37,085 $ 23,605 $ 1,752 $ 62,442 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Six Months Ended June 30, 2023 Net interest income $ 213,157 $ 82,435 $ 31,594 $ 327,186 Provision for credit losses (4,554) (6,882) (2,364) (13,800) Net interest income after provision for credit losses 208,603 75,553 29,230 313,386 Noninterest income 48,064 36,974 11,333 96,371 Noninterest expense (153,440) (54,856) (31,152) (239,448) Income before provision for income taxes 103,227 57,671 9,411 170,309 Provision for income taxes (24,627) (13,212) (3,210) (41,049) Net income $ 78,600 $ 44,459 $ 6,201 $ 129,260 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Three Months Ended June 30, 2022 Net interest income $ 107,368 $ 36,826 $ 953 $ 145,147 Provision for credit losses (386) (614) — (1,000) Net interest income after provision for credit losses 106,982 36,212 953 144,147 Noninterest income 22,485 20,415 1,237 44,137 Noninterest expense (73,357) (26,962) (8,856) (109,175) Income (loss) before (provision) benefit for income taxes 56,110 29,665 (6,666) 79,109 (Provision) benefit for income taxes (13,896) (7,251) 1,398 (19,749) Net income (loss) $ 42,214 $ 22,414 $ (5,268) $ 59,360 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Six Months Ended June 30, 2022 Net interest income $ 201,416 $ 71,914 $ 5,689 $ 279,019 Benefit for credit losses 1,455 1,928 1,364 4,747 Net interest income after benefit for credit losses 202,871 73,842 7,053 283,766 Noninterest income 45,800 39,070 647 85,517 Noninterest expense (143,577) (53,467) (16,173) (213,217) Income (loss) before (provision) benefit for income taxes 105,094 59,445 (8,473) 156,066 (Provision) benefit for income taxes (26,046) (14,504) 1,563 (38,987) Net income (loss) $ 79,048 $ 44,941 $ (6,910) $ 117,079

Organization and Basis of Pre_2

Organization and Basis of Presentation (Policies)	6 Months Ended
Organization and Basis of Presentation (Policies)	Jun. 30, 2023
Organization and Summary of Significant Accounting Policies
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, 2022. 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.
Loan Modifications to Borrowers Experiencing Financial Difficulty	Loan Modifications to Borrowers Experiencing Financial Difficulty Loan modifications are assessed by the Company to determine: (1) whether the borrower is experiencing financial difficulty and (2) whether the Company granted the borrower a modification or combination of modifications in the form of one or more of the following modification types: principal forgiveness, an interest rate reduction, an other-than-insignificant payment delay and/or a term extension. If both criteria are met, then the loan modification is subject to additional evaluation for credit losses and enhanced disclosure requirements. Generally, a non-accrual loan that has been modified with a borrower experiencing financial difficulty remains on non-accrual status for at least six months to demonstrate that the borrower is able to meet the terms of the modified loan. However, performance prior to the modification, or significant events that coincide with the modification, are included in assessing whether the borrower can meet the new terms and may result in the loan being returned to accrual status at the time of loan modification or after a shorter performance period. If the borrower’s ability to meet the revised payment terms is uncertain, the loan remains on non-accrual status.
Allowance for Credit Losses	Allowance for Credit Losses The allowance for credit losses for loans and leases (the “ACL”) is a valuation account that is deducted from the amortized cost basis of loans and leases to present the net amount expected to be collected from loans and leases. Loans and leases are charged-off against the ACL when management believes the loan or lease balance is deemed uncollectible. Expected recoveries do not exceed the aggregate of amounts previously charged-off and expected to be charged-off. The Company’s ACL and the reserve for unfunded commitments under the Current Expected Credit Losses (“CECL”) approach consist of quantitative and qualitative estimates. The Company’s methodology leverages two quantitative models: a one-variable forward-looking macroeconomic model that estimates the impact of management’s economic outlook and a transition probability matrix that estimates expected losses over the long run. The quantitative estimation is overlaid with qualitative adjustments to account for current conditions and forward-looking factors not captured in the quantitative model. Qualitative adjustments that are considered include adjustments for regulatory determinants, model limitations, model maturity, and other current or anticipated events that are not captured in the Company’s historical loss experience. The Company generally evaluates loans and leases on a collective or pool basis when similar risk characteristics exist. However, loans and leases that do not share similar risk characteristics are evaluated on an individual basis. Such loans and leases evaluated individually are excluded from the collective evaluation. Individually assessed loans are measured for estimated credit loss (“ECL”) based on the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral, less estimated selling costs, if the loan is collateral-dependent. Management reviews relevant available information, from internal and external sources, relating to past events, current conditions, and reasonable and supportable forecasts about the future. Historical credit loss experience provides the basis for the estimation of expected credit losses. Adjustments to historical loss information are made for differences in current loan-specific risk characteristics such as differences in underwriting standards, portfolio mix, delinquency levels, or term as well as for changes in environmental conditions, such as changes in unemployment rates, property values, or other relevant factors. The Company utilizes a Probability of Default (“PD”)/Loss Given Default (“LGD”) framework to estimate the ACL and the reserve for unfunded commitments. The PD represents the percentage expectation to default, measured by assessing loans and leases that migrate to default status (i.e., nonaccrual status, loan modifications to borrowers experiencing financial difficulty, 90 days or more past due, partial or full charge-offs or bankruptcy). LGD is defined as the percentage of the exposure at default (“EAD”) lost at the time of default, net of any recoveries, and will be unique to each of the collateral types securing the Company’s loans. PD and LGD’s are based on past experience of the Company. The ECL on loans and leases is calculated by taking the product of the credit exposure, lifetime default probability (“LDP”) and the LGD. The ECL model is applied to current credit exposures at the account level, using assumptions calibrated at the portfolio segment level using internal historical loan and lease level data. The Company estimates the default risk of a credit exposure over the remaining life of each account using a transition probability matrix approach which captures both the average rate of up/down-grade and default transitions, as well as withdrawal rates which capture the historical rate of exposure decline due to loan and lease amortization and prepayment. To apply the transition matrices, each credit exposure’s remaining life is split into two time segments. The first time segment is for the reasonable and supportable forecast period over which the transition matrices which are applied have been adjusted to incorporate current and forecasted conditions over that period. Management has determined that using a one-year time horizon for the reasonable and supportable forecast period for all classes of loans and leases is a reasonable forecast horizon given the difficulty in predicting future economic conditions with a high degree of certainty. The second time segment is the reversion period from the end of the reasonable and supportable forecast period to the maturity of the exposure, over which long-run average transition matrices are applied. Management elected to use an immediate reversion to the mean approach. Lifetime loss rates are applied against the amortized cost basis of loans and leases and unfunded commitments to estimate the ACL and the reserve for unfunded commitments, respectively. On at least a quarterly basis, management convenes the Bank’s forecasting team which is responsible for reviewing the economic forecast model inputs and outputs and approving the resulting economic adjustment. The model uses a one-variable econometric model to produce factors that modify the long-run default rate assumptions used in the CECL model. These factors are applied to calculate the economic adjustment over the Reasonable and Supportable Forecast Period. At the meeting, management is presented with the economic forecast model input and output as well as the resulting economic adjustment. Depending on the current economic conditions, a range of inputs and outputs may be presented, in which case, using judgment, management will select an input and output. The economic forecast framework also allows management to use judgment in selecting the economic model input in cases where management’s outlook diverges from the official forecasts, and to apply qualitative dollar overlays to account for other economic related conditions not captured in the economic forecast model but are expected to potentially impact losses. The team also reviews other relevant economic variables and economic factors at the time of the meeting that could potentially impact future losses. These materials are presented to the economic forecasting team as they are economic in nature. If determined to be relevant and needing to be considered in the ACL estimate, these risks will be included in the ACL estimate through a qualitative dollar overlay that is determined using either quantitative analysis or qualitative judgment, or a mix of both. These other factors could include inflation indicators, personal income, or visitor arrivals, for example. At present, the Company has identified three portfolio segments in estimating the ACL: commercial, residential real estate and consumer lending. The Company’s commercial portfolio segment is comprised of four distinct classes: commercial and industrial loans, commercial real estate loans, construction loans and lease financing. The key risk drivers related to this portfolio segment include risk rating, collateral type, and remaining maturity. The Company’s residential real estate portfolio segment is comprised of two distinct classes: residential real estate loans and home equity lines of credit. Specific risk characteristics related to this portfolio include the value of the underlying collateral, credit score and remaining maturity. Finally, the Company’s consumer portfolio segment is not further segmented, but consists primarily of automobile loans, credit cards and other installment loans. Automobile loans constitute the majority of this segment and are monitored using credit scores, collateral values and remaining maturity. The remainder of the consumer portfolio is predominantly unsecured. Regarding accrued interest receivable, the Company made accounting policy elections to (1) not measure an ACL on accrued interest receivable, (2) write-off accrued interest receivable by reversing interest income and (3) present accrued interest receivable separately from the related financial asset on the balance sheet. Furthermore, regarding collateral-dependent financial assets, the Company elected the practical expedient to use the fair value of collateral at the reporting date when recording the net carrying amount of the asset and determining the ACL for a financial asset for which the repayment is expected to be provided substantially through the operation or sale of the collateral when the borrower is experiencing financial difficulty based on the Company’s assessment as of the reporting date.
Accounting Standards Adopted in 2023	Accounting Standards Adopted in 2023 In March 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2022-01, Derivatives and Hedging (Topic 815), Fair Value Hedging –Portfolio Layer Method. In March 2022, the FASB issued ASU No. 2022-02, Financial Instruments – Credit Losses (Topic 326), Troubled Debt Restructurings and Vintage Disclosures
Enactment of the Inflation Reduction Act of 2022	Enactment of the Inflation Reduction Act of 2022 On August 16, 2022, the U.S. government enacted the Inflation Reduction Act (IRA) which, among other changes, created a new corporate alternative minimum tax (AMT) based on adjusted financial statement income and imposes a 1% excise tax on corporate stock repurchases. These provisions became effective January 1, 2023. The enactment of the IRA did not have a material impact on the Company’s consolidated financial statements.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The following ASUs have been issued by the FASB and are applicable to the Company in future reporting periods. In March 2023, the FASB issued ASU No. 2023-01, Leases (Topic 842), Common Control Arrangements. Property, Plant, and Equipment. In March 2023, the FASB issued ASU No. 2023-02, Investments—Equity Method and Joint Ventures (Topic 323), Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. Income Taxes Investments—Equity Method and Joint Ventures—Overall Investments—Equity Securities

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
Investment Securities (Tables)	Jun. 30, 2023
Investment Securities
Schedule of amortized cost and fair value of securities	June 30, 2023 December 31, 2022 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 $ 128,594 $ — $ (11,709) $ 116,885 $ 163,309 $ — $ (12,327) $ 150,982 Government-sponsored enterprises debt securities 45,000 — (760) 44,240 45,000 — (699) 44,301 Mortgage-backed securities: Residential - Government agency 63,486 — (6,284) 57,202 66,792 — (7,069) 59,723 Residential - Government-sponsored enterprises 1,229,375 — (146,383) 1,082,992 1,317,718 — (157,263) 1,160,455 Commercial - Government agency 276,365 — (50,903) 225,462 282,700 — (44,847) 237,853 Commercial - Government-sponsored enterprises 96,441 — (8,544) 87,897 130,612 — (11,039) 119,573 Commercial - Non-agency 21,964 — (585) 21,379 21,964 — (493) 21,471 Collateralized mortgage obligations: Government agency 688,844 — (83,623) 605,221 738,524 — (85,202) 653,322 Government-sponsored enterprises 496,867 — (69,387) 427,480 533,103 — (70,971) 462,132 Collateralized loan obligations 249,889 — (9,275) 240,614 249,877 50 (8,606) 241,321 Total available-for-sale securities $ 3,296,825 $ — $ (387,453) $ 2,909,372 $ 3,549,599 $ 50 $ (398,516) $ 3,151,133 Government agency debt securities $ 53,189 $ — $ (5,675) $ 47,514 $ 54,318 $ — $ (5,674) $ 48,644 Mortgage-backed securities: Residential - Government agency 45,097 — (5,484) 39,613 46,302 — (6,294) 40,008 Residential - Government-sponsored enterprises 102,940 — (11,898) 91,042 106,534 — (12,978) 93,556 Commercial - Government agency 30,675 — (6,381) 24,294 30,544 — (5,229) 25,315 Commercial - Government-sponsored enterprises 1,137,157 196 (129,963) 1,007,390 1,150,449 — (138,451) 1,011,998 Collateralized mortgage obligations: Government agency 1,036,671 — (119,506) 917,165 1,080,492 — (122,378) 958,114 Government-sponsored enterprises 1,720,672 — (198,450) 1,522,222 1,798,178 — (207,045) 1,591,133 Debt securities issued by states and political subdivisions 54,007 — (5,986) 48,021 53,822 — (7,768) 46,054 Total held-to-maturity securities $ 4,180,408 $ 196 $ (483,343) $ 3,697,261 $ 4,320,639 $ — $ (505,817) $ 3,814,822
Schedule of amortized cost and fair value of debt securities by contractual maturity	June 30, 2023 Amortized Fair (dollars in thousands) Cost Value Available-for-sale securities Due in one year or less $ 44,820 $ 44,242 Due after one year through five years 60,590 57,478 Due after five years through ten years 175,172 162,622 Due after ten years 164,865 158,776 445,447 423,118 Mortgage-backed securities: Residential - Government agency 63,486 57,202 Residential - Government-sponsored enterprises 1,229,375 1,082,992 Commercial - Government agency 276,365 225,462 Commercial - Government-sponsored enterprises 96,441 87,897 Total mortgage-backed securities 1,665,667 1,453,553 Collateralized mortgage obligations: Government agency 688,844 605,221 Government-sponsored enterprises 496,867 427,480 Total collateralized mortgage obligations 1,185,711 1,032,701 Total available-for-sale securities $ 3,296,825 $ 2,909,372 Held-to-maturity securities Due in one year or less $ — $ — Due after one year through five years — — Due after five years through ten years 10,255 9,264 Due after ten years 96,941 86,271 107,196 95,535 Mortgage-backed securities: Residential - Government agency 45,097 39,613 Residential - Government-sponsored enterprises 102,940 91,042 Commercial - Government agency 30,675 24,294 Commercial - Government-sponsored enterprises 1,137,157 1,007,390 Total mortgage-backed securities 1,315,869 1,162,339 Collateralized mortgage obligations: Government agency 1,036,671 917,165 Government-sponsored enterprises 1,720,672 1,522,222 Total collateralized mortgage obligations 2,757,343 2,439,387 Total held-to-maturity securities $ 4,180,408 $ 3,697,261
Schedule of gross unrealized losses and fair values of securities in a continuous loss position	Time in Continuous Loss as of June 30, 2023 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 $ (708) $ 19,255 $ (11,001) $ 97,630 $ (11,709) $ 116,885 Government-sponsored enterprises debt securities (760) 44,240 — — (760) 44,240 Mortgage-backed securities: Residential - Government agency — — (6,284) 57,202 (6,284) 57,202 Residential - Government-sponsored enterprises (8,831) 165,828 (137,552) 917,164 (146,383) 1,082,992 Commercial - Government agency (104) 4,256 (50,799) 221,206 (50,903) 225,462 Commercial - Government-sponsored enterprises (546) 15,738 (7,998) 72,159 (8,544) 87,897 Commercial - Non-agency (585) 21,379 — — (585) 21,379 Collateralized mortgage obligations: Government agency (1,260) 31,225 (82,363) 573,996 (83,623) 605,221 Government-sponsored enterprises (2,894) 36,881 (66,493) 390,599 (69,387) 427,480 Collateralized loan obligations (6,360) 163,538 (2,915) 77,076 (9,275) 240,614 Total available-for-sale securities with unrealized losses $ (22,048) $ 502,340 $ (365,405) $ 2,407,032 $ (387,453) $ 2,909,372 Time in Continuous Loss as of December 31, 2022 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 $ (2,962) $ 83,870 $ (9,365) $ 67,112 $ (12,327) $ 150,982 Government-sponsored enterprises debt securities (699) 44,301 — — (699) 44,301 Mortgage-backed securities: Residential - Government agency (7,069) 59,723 — — (7,069) 59,723 Residential - Government-sponsored enterprises (73,954) 645,338 (83,309) 515,117 (157,263) 1,160,455 Commercial - Government agency (15,852) 108,842 (28,995) 129,011 (44,847) 237,853 Commercial - Government-sponsored enterprises (7,348) 94,657 (3,691) 24,916 (11,039) 119,573 Commercial - Non-agency (493) 21,471 — — (493) 21,471 Collateralized mortgage obligations: Government agency (74,797) 596,907 (10,405) 56,415 (85,202) 653,322 Government-sponsored enterprises (21,916) 198,108 (49,055) 264,024 (70,971) 462,132 Collateralized loan obligations: (8,606) 170,042 — — (8,606) 170,042 Total available-for-sale securities with unrealized losses $ (213,696) $ 2,023,259 $ (184,820) $ 1,056,595 $ (398,516) $ 3,079,854

Loans and Leases (Tables)

Loans and Leases (Tables)	6 Months Ended
Loans and Leases (Tables)	Jun. 30, 2023
Loans and Leases.
Schedule of components of loans and leases	June 30, December 31, (dollars in thousands) 2023 2022 Commercial and industrial $ 2,187,831 $ 2,235,897 Commercial real estate 4,290,948 4,132,309 Construction 913,837 844,643 Residential: Residential mortgage 4,317,537 4,302,788 Home equity line 1,138,163 1,055,351 Total residential 5,455,700 5,358,139 Consumer 1,182,116 1,222,934 Lease financing 332,400 298,090 Total loans and leases $ 14,362,832 $ 14,092,012

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	6 Months Ended
Allowance for Credit Losses (Tables)	Jun. 30, 2023
Allowance for Credit Losses
Schedule of activity in the allowance by class of loans and lease	Three Months Ended June 30, 2023 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 $ 14,038 $ 40,311 $ 6,473 $ 1,481 $ 34,320 $ 9,341 $ 41,158 $ 147,122 Charge-offs (997) — — — — (137) (4,516) (5,650) Recoveries 292 — — — 30 59 1,728 2,109 Provision 477 (424) 3,398 (34) (1,547) 2,543 587 5,000 Balance at end of period $ 13,810 $ 39,887 $ 9,871 $ 1,447 $ 32,803 $ 11,806 $ 38,957 $ 148,581 Six Months Ended June 30, 2023 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 $ 14,564 $ 43,810 $ 5,843 $ 1,551 $ 35,175 $ 8,296 $ 34,661 $ 143,900 Charge-offs (1,788) — — — (122) (272) (9,298) (11,480) Recoveries 538 — — — 57 236 3,894 4,725 Provision 496 (3,923) 4,028 (104) (2,307) 3,546 9,700 11,436 Balance at end of period $ 13,810 $ 39,887 $ 9,871 $ 1,447 $ 32,803 $ 11,806 $ 38,957 $ 148,581 Three Months Ended June 30, 2022 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 $ 19,160 $ 45,238 $ 8,908 $ 1,362 $ 30,888 $ 5,084 $ 39,640 $ 150,280 Charge-offs (243) — — — — (1,120) (3,659) (5,022) Recoveries 301 — — 60 192 191 1,940 2,684 Provision (3,294) (512) (3,541) (24) 2,555 579 5,237 1,000 Balance at end of period $ 15,924 $ 44,726 $ 5,367 $ 1,398 $ 33,635 $ 4,734 $ 43,158 $ 148,942 Six Months Ended June 30, 2022 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 $ 20,080 $ 42,951 $ 9,773 $ 1,659 $ 34,364 $ 5,642 $ 42,793 $ 157,262 Charge-offs (949) — — — — (1,163) (7,768) (9,880) Recoveries 354 14 — 60 208 219 4,088 4,943 Provision (3,561) 1,761 (4,406) (321) (937) 36 4,045 (3,383) Balance at end of period $ 15,924 $ 44,726 $ 5,367 $ 1,398 $ 33,635 $ 4,734 $ 43,158 $ 148,942
Schedule of activity in the Liability for Credit Losses for Off-Balance-Sheet Financial Instruments	Three Months Ended June 30, 2023 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 $ 7,153 $ 1,692 $ 8,952 $ — $ 17 $ 18,336 $ 49 $ 36,199 Provision (799) 299 837 — 2 (321) (18) — Balance at end of period $ 6,354 $ 1,991 $ 9,789 $ — $ 19 $ 18,015 $ 31 $ 36,199 Six Months Ended June 30, 2023 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 $ 7,811 $ 2,004 $ 7,470 $ — $ 30 $ 16,483 $ 37 $ 33,835 Provision (1,457) (13) 2,319 — (11) 1,532 (6) 2,364 Balance at end of period $ 6,354 $ 1,991 $ 9,789 $ — $ 19 $ 18,015 $ 31 $ 36,199 Three Months Ended June 30, 2022 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 $ 9,308 $ 1,789 $ 8,046 $ — $ 3 $ 9,766 $ 46 $ 28,958 Provision (1,668) 1,961 (1,962) — 29 1,657 (17) — Balance at end of period $ 7,640 $ 3,750 $ 6,084 $ — $ 32 $ 11,423 $ 29 $ 28,958 Six Months Ended June 30, 2022 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 $ 8,615 $ 2,114 $ 8,963 $ — $ 15 $ 10,546 $ 69 $ 30,322 Provision (975) 1,636 (2,879) — 17 877 (40) (1,364) Balance at end of period $ 7,640 $ 3,750 $ 6,084 $ — $ 32 $ 11,423 $ 29 $ 28,958
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, 2023 was as follows: Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans Amortized Amortized (dollars in thousands) 2023 2022 2021 2020 2019 Prior Cost Basis Cost Basis Total Commercial Lending Commercial and Industrial Risk rating: Pass $ 33,877 $ 299,913 $ 385,159 $ 38,769 $ 157,794 $ 165,747 $ 952,182 $ 15,003 $ 2,048,444 Special Mention 103 31,193 154 849 2,397 1,481 2,967 186 39,330 Substandard 352 563 260 936 819 1,100 12,539 17 16,586 Other (1) 11,743 13,284 6,301 3,275 2,644 1,668 44,556 — 83,471 Total Commercial and Industrial 46,075 344,953 391,874 43,829 163,654 169,996 1,012,244 15,206 2,187,831 Current period gross charge-offs $ 72 $ 60 $ 9 $ 28 $ 92 $ 1,527 $ — $ — $ 1,788 Commercial Real Estate Risk rating: Pass 212,159 876,558 655,847 333,142 564,881 1,499,805 72,447 — 4,214,839 Special Mention 1,737 156 — 547 6,983 12,389 12,952 — 34,764 Substandard — 5,141 — 171 — 35,883 2 — 41,197 Other (1) — — — — — 148 — — 148 Total Commercial Real Estate 213,896 881,855 655,847 333,860 571,864 1,548,225 85,401 — 4,290,948 Current period gross charge-offs — — — — — — — — — Construction Risk rating: Pass 77,826 182,679 365,959 76,728 61,906 82,554 6,562 — 854,214 Special Mention — — — — 205 — — — 205 Other (1) 6,601 26,882 15,766 3,261 2,136 4,067 705 — 59,418 Total Construction 84,427 209,561 381,725 79,989 64,247 86,621 7,267 — 913,837 Current period gross charge-offs — — — — — — — — — Lease Financing Risk rating: Pass 69,487 94,276 21,167 39,215 35,964 70,312 — — 330,421 Special Mention — — 365 60 — — — — 425 Substandard — — — 171 7 1,376 — — 1,554 Total Lease Financing 69,487 94,276 21,532 39,446 35,971 71,688 — — 332,400 Current period gross charge-offs — — — — — — — — — Total Commercial Lending $ 413,885 $ 1,530,645 $ 1,450,978 $ 497,124 $ 835,736 $ 1,876,530 $ 1,104,912 $ 15,206 $ 7,725,016 Current period gross charge-offs $ 72 $ 60 $ 9 $ 28 $ 92 $ 1,527 $ — $ — $ 1,788 (continued) Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans (continued) Amortized Amortized (dollars in thousands) 2023 2022 2021 2020 2019 Prior Cost Basis Cost Basis Total Residential Lending Residential Mortgage FICO: 740 and greater $ 138,593 $ 530,776 $ 1,030,287 $ 544,330 $ 236,821 $ 1,036,361 $ — $ — $ 3,517,168 680 - 739 25,500 81,562 117,701 74,446 34,186 135,766 — — 469,161 620 - 679 2,468 11,212 16,463 10,747 5,743 38,132 — — 84,765 550 - 619 — 3,383 4,058 2,471 254 12,362 — — 22,528 Less than 550 — 197 2,372 1,581 51 5,403 — — 9,604 No Score (3) 6,075 19,497 12,552 6,378 9,837 56,201 — — 110,540 Other (2) 9,916 18,075 17,857 12,952 8,915 28,438 7,618 — 103,771 Total Residential Mortgage 182,552 664,702 1,201,290 652,905 295,807 1,312,663 7,618 — 4,317,537 Current period gross charge-offs $ — $ — $ — $ — $ — $ 122 $ — $ — $ 122 Home Equity Line FICO: 740 and greater — — — — — — 930,741 1,668 932,409 680 - 739 — — — — — — 151,418 2,449 153,867 620 - 679 — — — — — — 32,897 1,376 34,273 550 - 619 — — — — — — 9,428 1,448 10,876 Less than 550 — — — — — — 5,127 312 5,439 No Score (3) — — — — — — 1,299 — 1,299 Total Home Equity Line — — — — — — 1,130,910 7,253 1,138,163 Current period gross charge-offs — — — — — — 254 18 272 Total Residential Lending $ 182,552 $ 664,702 $ 1,201,290 $ 652,905 $ 295,807 $ 1,312,663 $ 1,138,528 $ 7,253 $ 5,455,700 Current period gross charge-offs $ — $ — $ — $ — $ — $ 122 $ 254 $ 18 $ 394 Consumer Lending FICO: 740 and greater 70,561 153,960 93,788 45,022 34,093 19,410 117,437 140 534,411 680 - 739 44,064 84,900 49,136 23,895 19,424 11,352 72,327 431 305,529 620 - 679 14,643 37,576 19,488 9,771 11,007 8,482 33,692 941 135,600 550 - 619 2,255 10,974 8,135 5,608 6,314 5,207 11,730 748 50,971 Less than 550 418 4,358 4,478 2,695 2,975 2,765 4,247 560 22,496 No Score (3) 1,425 586 2 — 6 17 39,035 167 41,238 Other (2) 36 1,208 3,536 343 1,113 1 85,634 — 91,871 Total Consumer Lending $ 133,402 $ 293,562 $ 178,563 $ 87,334 $ 74,932 $ 47,234 $ 364,102 $ 2,987 $ 1,182,116 Current period gross charge-offs $ 58 $ 1,244 $ 1,260 $ 630 $ 1,239 $ 1,388 $ 3,131 $ 348 $ 9,298 Total Loans and Leases $ 729,839 $ 2,488,909 $ 2,830,831 $ 1,237,363 $ 1,206,475 $ 3,236,427 $ 2,607,542 $ 25,446 $ 14,362,832 Current period gross charge-offs $ 130 $ 1,304 $ 1,269 $ 658 $ 1,331 $ 3,037 $ 3,385 $ 366 $ 11,480 (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, 2022 was as follows: Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans Amortized Amortized (dollars in thousands) 2022 2021 2020 2019 2018 Prior Cost Basis Cost Basis Total Commercial Lending Commercial and Industrial Risk rating: Pass $ 359,881 $ 422,567 $ 54,656 $ 170,222 $ 51,476 $ 137,257 $ 894,384 $ 15,715 $ 2,106,158 Special Mention 2,059 240 1,371 2,643 184 1,431 22,897 378 31,203 Substandard 625 289 1,117 1,092 668 885 14,733 65 19,474 Other (1) 17,679 7,721 4,329 3,965 1,881 1,167 42,320 — 79,062 Total Commercial and Industrial 380,244 430,817 61,473 177,922 54,209 140,740 974,334 16,158 2,235,897 Commercial Real Estate Risk rating: Pass 889,583 695,882 319,838 565,587 395,474 1,173,163 48,081 — 4,087,608 Special Mention 170 — 555 14,878 512 11,398 675 — 28,188 Substandard — — 173 — 1,704 14,485 — — 16,362 Other (1) — — — — — 151 — — 151 Total Commercial Real Estate 889,753 695,882 320,566 580,465 397,690 1,199,197 48,756 — 4,132,309 Construction Risk rating: Pass 124,464 261,536 96,423 97,000 88,973 84,704 25,957 — 779,057 Special Mention — — — 221 — — — — 221 Substandard — — — — 21 490 — — 511 Other (1) 29,694 21,339 4,686 2,201 3,784 2,196 954 — 64,854 Total Construction 154,158 282,875 101,109 99,422 92,778 87,390 26,911 — 844,643 Lease Financing Risk rating: Pass 113,563 24,052 43,497 37,502 6,004 67,687 — — 292,305 Special Mention — 411 2,498 1,299 — — — — 4,208 Substandard — — 197 12 11 1,357 — — 1,577 Total Lease Financing 113,563 24,463 46,192 38,813 6,015 69,044 — — 298,090 Total Commercial Lending $ 1,537,718 $ 1,434,037 $ 529,340 $ 896,622 $ 550,692 $ 1,496,371 $ 1,050,001 $ 16,158 $ 7,510,939 (continued) Revolving Loans Converted Term Loans Revolving to Term Amortized Cost Basis by Origination Year Loans Loans (continued) Amortized Amortized (dollars in thousands) 2022 2021 2020 2019 2018 Prior Cost Basis Cost Basis Total Residential Lending Residential Mortgage FICO: 740 and greater $ 557,636 $ 1,064,444 $ 560,463 $ 245,241 $ 165,258 $ 920,100 $ — $ — $ 3,513,142 680 - 739 73,929 112,672 82,416 40,355 22,126 130,508 — — 462,006 620 - 679 12,320 13,804 9,881 3,649 3,054 35,441 — — 78,149 550 - 619 2,455 2,246 1,791 263 601 6,955 — — 14,311 Less than 550 — 1,321 367 — 966 5,304 — — 7,958 No Score (3) 22,289 14,671 6,820 10,599 15,921 47,245 — — 117,545 Other (2) 18,970 18,211 15,287 9,201 9,124 29,128 9,202 554 109,677 Total Residential Mortgage 687,599 1,227,369 677,025 309,308 217,050 1,174,681 9,202 554 4,302,788 Home Equity Line FICO: 740 and greater — — — — — — 817,123 2,059 819,182 680 - 739 — — — — — — 171,117 2,714 173,831 620 - 679 — — — — — — 45,368 2,100 47,468 550 - 619 — — — — — — 7,485 1,029 8,514 Less than 550 — — — — — — 1,151 481 1,632 No Score (3) — — — — — — 4,724 — 4,724 Total Home Equity Line — — — — — — 1,046,968 8,383 1,055,351 Total Residential Lending 687,599 1,227,369 677,025 309,308 217,050 1,174,681 1,056,170 8,937 5,358,139 Consumer Lending FICO: 740 and greater 200,887 111,047 53,534 43,912 24,951 8,432 125,126 185 568,074 680 - 739 99,787 67,140 37,260 31,751 15,874 7,665 72,101 514 332,092 620 - 679 25,949 29,587 14,226 16,872 9,672 6,488 31,854 937 135,585 550 - 619 3,017 5,475 5,226 8,056 5,396 3,924 11,269 854 43,217 Less than 550 656 1,351 2,286 3,779 1,869 1,593 3,541 443 15,518 No Score (3) 3,205 258 — 51 24 29 38,805 227 42,599 Other (2) 1,615 4,082 353 1,368 — — 78,430 1 85,849 Total Consumer Lending 335,116 218,940 112,885 105,789 57,786 28,131 361,126 3,161 1,222,934 Total Loans and Leases $ 2,560,433 $ 2,880,346 $ 1,319,250 $ 1,311,719 $ 825,528 $ 2,699,183 $ 2,467,297 $ 28,256 $ 14,092,012 (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 aging analyses of past due loans and leases	June 30, 2023 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 $ 1,318 $ 899 $ 1,606 $ 3,823 $ 2,184,008 $ 2,187,831 $ 599 Commercial real estate — 3,278 619 3,897 4,287,051 4,290,948 619 Construction — — — — 913,837 913,837 — Lease financing — — — — 332,400 332,400 — Residential mortgage 2,662 4,531 3,524 10,717 4,306,820 4,317,537 58 Home equity line 3,843 404 3,103 7,350 1,130,813 1,138,163 — Consumer 19,897 3,933 1,975 25,805 1,156,311 1,182,116 1,975 Total $ 27,720 $ 13,045 $ 10,827 $ 51,592 $ 14,311,240 $ 14,362,832 $ 3,251 December 31, 2022 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 $ 2,682 $ 769 $ 1,441 $ 4,892 $ 2,231,005 $ 2,235,897 $ 291 Commercial real estate 4,505 — 727 5,232 4,127,077 4,132,309 — Construction 109 — — 109 844,534 844,643 — Lease financing — — — — 298,090 298,090 — Residential mortgage 3,681 1,983 2,572 8,236 4,294,552 4,302,788 58 Home equity line 5,161 1,381 2,072 8,614 1,046,737 1,055,351 — Consumer 29,927 6,801 2,886 39,614 1,183,320 1,222,934 2,885 Total $ 46,065 $ 10,934 $ 9,698 $ 66,697 $ 14,025,315 $ 14,092,012 $ 3,234
Schedule of amortized cost basis of loans and leases on nonaccrual status	June 30, 2023 Nonaccrual Loans and Leases With No Nonaccrual Allowance Loans (dollars in thousands) for Credit Losses and Leases Commercial and industrial $ 523 $ 1,024 Residential mortgage 1,549 6,097 Home equity line 596 6,107 Total Nonaccrual Loans and Leases $ 2,668 $ 13,228 December 31, 2022 Nonaccrual Loans and Leases With No Nonaccrual Allowance Loans (dollars in thousands) for Credit Losses and Leases Commercial and industrial $ 665 $ 1,215 Commercial real estate 727 727 Residential mortgage 1,560 6,166 Home equity line 596 3,797 Total Nonaccrual Loans and Leases $ 3,548 $ 11,905
Schedule of loans modified to borrowers experiencing financial difficulty	Interest Rate Reduction Three Months Ended Six Months Ended June 30, 2023 June 30, 2023 Amortized % of Total Class Amortized % of Total Class (dollars in Cost Basis (1) of Financing Receivable Cost Basis (1) of Financing Receivable Commercial real estate $ — — % $ 2 n/m % Consumer 371 0.03 705 0.06 Total $ 371 n/m % $ 707 n/m % n/m – Represents less than 0.01% of total class of financing receivable. (1) The amortized cost basis reflects all partial paydowns and charge-offs since the modification date and do not include loans modified to borrowers experiencing financial difficulty that have been fully paid off, charged off, or foreclosed upon by the end of the period. Term Extension Three Months Ended Six Months Ended June 30, 2023 June 30, 2023 Amortized % of Total Class Amortized % of Total Class (dollars in Cost Basis (1) of Financing Receivable Cost Basis (1) of Financing Receivable Commercial and industrial $ 87 n/m % $ 109 n/m % Commercial real estate 1,227 0.03 1,227 0.03 Construction — — 230 0.03 Residential mortgage — — 33 n/m Consumer 46 n/m 117 0.01 Total $ 1,360 0.01 % $ 1,716 0.01 %
Schedule of financial effect of the modifications made to borrowers experiencing financial difficulty	Interest Rate Reduction Financial Effect Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Commercial real estate — Reduced weighted-average contractual interest rate by 0.75%. Consumer Reduced weighted-average contractual interest rate by 12.98%. Reduced weighted-average contractual interest rate by 13.23%. Term Extension Financial Effect Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Commercial and industrial Added a weighted-average 3.6 years to the life of loans. Added a weighted-average 3.5 years to the life of loans. Commercial real estate Added a weighted-average 1.0 years to the life of loans. Added a weighted-average 1.0 years to the life of loans. Construction — Added a weighted-average 2.9 years to the life of loans. Residential mortgage — Added a weighted-average 5.9 years to the life of loans. Consumer Added a weighted-average 2.3 years to the life of loans. Added a weighted-average 3.6 years to the life of loans.
Tabular disclosure of financing receivables to borrowers experiencing financial difficulty modified within the previous 12 months and for which there was a payment default	Amortized Cost Basis of Modified Loans That Subsequently Defaulted (1) Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 (dollars in Interest Rate Reduction Interest Rate Reduction Consumer $ 87 $ 88 Total $ 87 $ 88 (1) The amortized cost basis reflects all partial paydowns and charge-offs since the modification date and do not include loans modified to borrowers experiencing financial difficulty that have been fully paid off, charged off, or foreclosed upon by the end of the period.
Schedule of aging analyses of loans modified with a borrower experiencing financial difficulty	June 30, 2023 Past Due Greater Than or Equal to 30-59 Days 60-89 Days 90 Days Total (dollars in Past Due Past Due Past Due Past Due Current Total Commercial and industrial $ — $ — $ — $ — $ 109 $ 109 Commercial real estate — — — — 1,229 1,229 Construction — — — — 230 230 Residential mortgage — — — — 33 33 Consumer 34 — 33 67 755 822 Total $ 34 $ — $ 33 $ 67 $ 2,356 $ 2,423
Schedule of Receivables, Troubled Debt Restructurings by Creditors	Three Months Ended Six Months Ended June 30, 2022 June 30, 2022 Number of Recorded Related Number of Recorded Related (dollars in thousands) Contracts (1) Investment (2) ACL Contracts (1) Investment (2) ACL Residential mortgage 1 $ 260 $ 34 1 $ 260 $ 34 Consumer 66 514 143 201 2,107 346 Total 67 $ 774 $ 177 202 $ 2,367 $ 380 (1) The number of contracts does not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period. (2) The recorded investment balances reflect all partial paydowns and charge-offs since the modification date and do not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period.
Schedule of TDRs that defaulted in period within 12 months of their permanent modification date	Three Months Ended Six Months Ended June 30, 2022 June 30, 2022 Number of Recorded Number of Recorded (dollars in Contracts (1) Investment (2) Contracts (1) Investment (2) Commercial and industrial 2 $ 541 3 $ 655 Consumer 151 2,197 229 3,250 Total 153 $ 2,738 232 $ 3,905 (1) The number of contracts does not include TDRs that have been fully paid off, charged off, or foreclosed upon by the end of the period. (2) 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, 2023
Other Assets.
Schedule of estimated future amortization expense for MSRs	Estimated (dollars in thousands) Amortization Under one year $ 885 One to two years 786 Two to three years 696 Three to four years 614 Four to five years 542
Schedule of details of the Company's MSRs	June 30, December 31, (dollars in thousands) 2023 2022 Gross carrying amount $ 69,341 $ 69,273 Less: accumulated amortization 63,269 62,711 Net carrying value $ 6,072 $ 6,562
Schedule of changes in amortized MSRs	Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2023 2022 2023 2022 Balance at beginning of period $ 6,299 $ 7,650 $ 6,562 $ 8,302 Originations 51 20 68 105 Amortization (278) (518) (558) (1,255) Balance at end of period $ 6,072 $ 7,152 $ 6,072 $ 7,152 Fair value of amortized MSRs at beginning of period $ 15,169 $ 13,585 $ 15,193 $ 12,243 Fair value of amortized MSRs at end of period $ 14,557 $ 14,969 $ 14,557 $ 14,969
Schedule of quantitative assumptions used in determining lower of cost or fair value of MSRs	June 30, 2023 December 31, 2022 Weighted Weighted Range Average Range Average Conditional prepayment rate 6.96 % - 11.63 % 7.07 % 7.02 % - 13.58 % 7.11 % Life in years (of the MSR) 3.97 - 7.29 7.13 3.35 - 7.37 7.20 Weighted-average coupon rate 3.55 % - 5.91 % 3.69 % 3.55 % - 6.24 % 3.68 % Discount rate 10.36 % - 10.53 % 10.51 % 10.41 % - 10.54 % 10.51 %

Transfers of Financial Assets (

Transfers of Financial Assets (Tables)	6 Months Ended
Transfers of Financial Assets (Tables)	Jun. 30, 2023
Transfers of Financial Assets
Schedule of carrying amounts of assets pledged as collateral	(dollars in thousands) June 30, 2023 December 31, 2022 Public deposits $ 3,204,810 $ 2,977,693 Federal Home Loan Bank 4,850,075 3,451,070 Federal Reserve Bank 4,858,315 1,704,803 ACH transactions 128,442 133,173 Interest rate swaps 2,659 31,091 Total $ 13,044,301 $ 8,297,830

Deposits (Tables)

Deposits (Tables)	6 Months Ended
Deposits (Tables)	Jun. 30, 2023
Deposits
Schedule of deposits by category	(dollars in thousands) June 30, 2023 December 31, 2022 U.S.: Interest-bearing $ 12,048,400 $ 11,936,775 Noninterest-bearing 7,297,964 7,978,046 Foreign: Interest-bearing 863,139 887,608 Noninterest-bearing 868,663 886,600 Total deposits $ 21,078,166 $ 21,689,029
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, 2023: Under $250,000 (dollars in thousands) $250,000 or More Total Three months or less $ 164,863 $ 998,187 $ 1,163,050 Over three through six months 182,710 666,817 849,527 Over six through twelve months 563,473 407,484 970,957 One to two years 149,667 50,631 200,298 Two to three years 49,772 13,239 63,011 Three to four years 30,798 3,682 34,480 Four to five years 19,437 6,656 26,093 Thereafter 356 — 356 Total $ 1,161,076 $ 2,146,696 $ 3,307,772

Short-Term Borrowings (Tables)

Short-Term Borrowings (Tables)	6 Months Ended
Short-Term Borrowings (Tables)	Jun. 30, 2023
Short-Term Borrowings
Schedule of short-term borrowings	(dollars in thousands) June 30, 2023 December 31, 2022 Federal funds purchased $ — $ 75,000 Total short-term borrowings $ — $ 75,000
Schedule of selected information for short-term borrowings	Six Months Ended June 30, (dollars in thousands) 2023 2022 Federal funds purchased: Weighted-average interest rate at June 30, — % — % Highest month-end balance $ 150,000 $ — Average outstanding balance $ 34,779 $ — Weighted-average interest rate paid 4.45 % — % Short-term FHLB repo advance: Weighted-average interest rate at June 30, — % — % Highest month-end balance $ 400,000 $ — Average outstanding balance $ 208,702 $ — Weighted-average interest rate paid 5.14 % — %

Long-Term Borrowings (Tables)

Long-Term Borrowings (Tables)	6 Months Ended
Long-Term Borrowings (Tables)	Jun. 30, 2023
Long-Term Borrowings
Schedule of components of long-term borrowings	(dollars in thousands) June 30, 2023 December 31, 2022 FHLB fixed-rate advances (1) $ 500,000 $ — Total long-term borrowings $ 500,000 $ — (1) Interest is payable monthly.
Schedule of maturities of long-term borrowings	Principal (dollars in thousands) Payments 2023 $ — 2024 500,000 2025 — 2026 — 2027 — Total $ 500,000

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
Accumulated Other Comprehensive Loss (Tables)	Jun. 30, 2023
AOCI Attributable to Parent [Abstract]
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, 2023 $ (834,206) $ 222,527 $ (611,679) Three months ended June 30, 2023 Investment securities: Unrealized net losses arising during the period (14,025) 3,741 (10,284) Reclassification of net losses to net income: Amortization of unrealized holding losses on held-to-maturity securities 13,064 (3,485) 9,579 Net change in investment securities (961) 256 (705) Cash flow derivative hedges: Unrealized net losses arising during the period (2,053) 548 (1,505) Reclassification of net losses included in net income 1,573 (420) 1,153 Net change in cash flow derivative hedges (480) 128 (352) Other comprehensive loss (1,441) 384 (1,057) Accumulated other comprehensive loss at June 30, 2023 $ (835,647) $ 222,911 $ (612,736) Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at December 31, 2022 $ (871,813) $ 232,559 $ (639,254) Six months ended June 30, 2023 Investment securities: Unrealized net gains arising during the period 11,013 (2,938) 8,075 Reclassification of net losses to net income: Amortization of unrealized holding losses on held-to-maturity securities 24,772 (6,608) 18,164 Net change in investment securities 35,785 (9,546) 26,239 Cash flow derivative hedges: Unrealized net losses arising during the period (2,495) 665 (1,830) Reclassification of net losses included in net income 2,876 (767) 2,109 Net change in cash flow derivative hedges 381 (102) 279 Other comprehensive income 36,166 (9,648) 26,518 Accumulated other comprehensive loss at June 30, 2023 $ (835,647) $ 222,911 $ (612,736) Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at March 31, 2022 $ (705,768) $ 188,266 $ (517,502) Three months ended June 30, 2022 Investment securities: Unrealized net losses arising during the period (91,352) 24,369 (66,983) Reclassification of net losses to net income: Amortization of unrealized holding losses on held-to-maturity securities 19,929 (5,317) 14,612 Net change in investment securities (71,423) 19,052 (52,371) Cash flow derivative hedges: Unrealized net losses arising during the period (1,523) 407 (1,116) Reclassification of net gains included in net income (638) 170 (468) Net change in cash flow derivative hedges (2,161) 577 (1,584) Other comprehensive loss (73,584) 19,629 (53,955) Accumulated other comprehensive loss at June 30, 2022 $ (779,352) $ 207,895 $ (571,457) Income Tax Pre-tax Benefit Net of (dollars in thousands) Amount (Expense) Tax Accumulated other comprehensive loss at December 31, 2021 $ (165,967) $ 44,274 $ (121,693) Six months ended June 30, 2022 Investment securities: Unrealized net losses arising during the period (629,437) 167,903 (461,534) Reclassification of net losses to net income: Amortization of unrealized holding losses on held-to-maturity securities 19,929 (5,317) 14,612 Net change in investment securities (609,508) 162,586 (446,922) Cash flow derivative hedges: Unrealized net losses arising during the period (3,239) 865 (2,374) Reclassification of net gains included in net income (638) 170 (468) Net change in cash flow derivative hedges (3,877) 1,035 (2,842) Other comprehensive loss (613,385) 163,621 (449,764) Accumulated other comprehensive loss at June 30, 2022 $ (779,352) $ 207,895 $ (571,457)
Summary of changes in accumulated other comprehensive income (loss), net of tax	Pensions Accumulated and Available-for-Sale Held-to-Maturity Cash Flow Other Other Investment Investment Derivative Comprehensive (dollars in thousands) Benefits Securities Securities Hedges Income (Loss) Three Months Ended June 30, 2023 Balance at beginning of period $ (5,431) $ (273,816) $ (328,361) $ (4,071) $ (611,679) Other comprehensive (loss) income — (10,284) 9,579 (352) (1,057) Balance at end of period $ (5,431) $ (284,100) $ (318,782) $ (4,423) $ (612,736) Six Months Ended June 30, 2023 Balance at beginning of period $ (5,431) $ (292,175) $ (336,946) $ (4,702) $ (639,254) Other comprehensive income — 8,075 18,164 279 26,518 Balance at end of period $ (5,431) $ (284,100) $ (318,782) $ (4,423) $ (612,736) Three Months Ended June 30, 2022 Balance at beginning of period $ (24,390) $ (491,854) $ — $ (1,258) $ (517,502) Unrealized net losses related to the transfer of securities from available-for-sale to held-to-maturity — 338,816 (338,816) — — Other comprehensive (loss) income — (66,983) 14,612 (1,584) (53,955) Balance at end of period $ (24,390) $ (220,021) $ (324,204) $ (2,842) $ (571,457) Six Months Ended June 30, 2022 Balance at beginning of period $ (24,390) $ (97,303) $ — $ — $ (121,693) Unrealized net losses related to the transfer of securities from available-for-sale to held-to-maturity — 338,816 (338,816) — — Other comprehensive (loss) income — (461,534) 14,612 (2,842) (449,764) Balance at end of period $ (24,390) $ (220,021) $ (324,204) $ (2,842) $ (571,457)

Regulatory Capital Requiremen_2

Regulatory Capital Requirements (Tables)	6 Months Ended
Regulatory Capital Requirements (Tables)	Jun. 30, 2023
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, 2023: Common equity tier 1 capital to risk-weighted assets $ 1,976,982 12.05 % $ 1,963,228 11.96 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,976,982 12.05 % 1,963,228 11.96 % 6.00 % 8.00 % Total capital to risk-weighted assets 2,161,762 13.17 % 2,148,008 13.09 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,976,982 8.30 % 1,963,228 8.24 % 4.00 % 5.00 % December 31, 2022: Common equity tier 1 capital to risk-weighted assets $ 1,912,767 11.82 % $ 1,895,693 11.71 % 4.50 % 6.50 % Tier 1 capital to risk-weighted assets 1,912,767 11.82 % 1,895,693 11.71 % 6.00 % 8.00 % Total capital to risk-weighted assets 2,090,502 12.92 % 2,073,428 12.81 % 8.00 % 10.00 % Tier 1 capital to average assets (leverage ratio) 1,912,767 8.11 % 1,895,693 8.04 % 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, 2023
Derivative Financial Instruments
Summary of notional amounts and fair values of derivatives held	June 30, 2023 December 31, 2022 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 $ 267,500 $ 7,669 $ (5,466) $ 267,500 $ 7,276 $ (6,840) Interest rate collars 200,000 — (566) 200,000 491 (63) Derivatives not designated as hedging instruments: Interest rate swaps 5,706,771 21,030 (20,788) 2,849,776 3,178 (42,365) Visa derivative 98,322 — (1,200) 121,013 — (851) Foreign exchange contracts 118 — — 210 — — (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 2023 2022 2023 2022 Gains (losses) on fair value hedging relationships recognized in interest income: Recognized on interest rate swap Loans and lease financing $ (795) $ 4,631 $ 394 $ 6,143 Recognized on hedged item Loans and lease financing 708 (4,729) (577) (6,346)
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, 2023 December 31, 2022 June 30, 2023 December 31, 2022 Line item in the consolidated balance sheets in which the hedged item is included Loans and leases $ 59,793 $ 60,189 $ (7,707) $ (7,311)
Summary of effect of cash flow hedging relationships	Three Months Ended Six Months Ended June 30, June 30, (dollars in 2023 2022 2023 2022 Pretax net losses recognized in other comprehensive income on cash flow derivative hedges $ (2,053) $ (1,523) $ (2,495) $ (3,239) Pretax net losses (gains) reclassified from accumulated other comprehensive income to interest income from loans and lease financing 1,573 (638) 2,876 (638)
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 2023 2022 2023 2022 Derivatives Not Designated As Hedging Instruments: Interest rate swaps Other noninterest income $ (180) $ — $ (558) $ — Visa derivative Other noninterest income $ (1,816) $ 123 (3,779) (1,357) Foreign exchange contracts Other noninterest income — (6) — —

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	6 Months Ended
Commitments and Contingent Liabilities (Tables)	Jun. 30, 2023
Commitments and Contingent Liabilities
Schedule of financial instruments with off-balance sheet risk	June 30, December 31, (dollars in 2023 2022 Financial instruments whose contract amounts represent credit risk: Commitments to extend credit $ 6,748,717 $ 6,760,395 Standby letters of credit 236,450 244,275 Commercial letters of credit 7,541 7,299

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
Revenue from Contracts with Customers (Tables)	Jun. 30, 2023
Revenue from Contracts with Customers
Summary of revenues disaggregated by type of service and business segments	Three Months Ended June 30, 2023 Treasury Retail Commercial and (dollars in Banking Banking Other Total Net interest income (1) $ 104,237 $ 41,496 $ 14,206 $ 159,939 Service charges on deposit accounts 6,458 662 126 7,246 Credit and debit card fees — 13,639 1,239 14,878 Other service charges and fees 6,049 424 550 7,023 Trust and investment services income 9,448 — — 9,448 Other 88 2,534 436 3,058 Not in scope of Topic 606 (1) 1,754 1,827 2,114 5,695 Total noninterest income 23,797 19,086 4,465 47,348 Total revenue $ 128,034 $ 60,582 $ 18,671 $ 207,287 Six Months Ended June 30, 2023 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 213,157 $ 82,435 $ 31,594 $ 327,186 Service charges on deposit accounts 13,000 1,288 189 14,477 Credit and debit card fees — 28,053 2,536 30,589 Other service charges and fees 12,220 844 1,063 14,127 Trust and investment services income 19,062 — — 19,062 Other 327 3,850 2,086 6,263 Not in scope of Topic 606 (1) 3,455 2,939 5,459 11,853 Total noninterest income 48,064 36,974 11,333 96,371 Total revenue $ 261,221 $ 119,409 $ 42,927 $ 423,557 (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, derivative financial instruments and bank-owned life insurance. Three Months Ended June 30, 2022 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 107,368 $ 36,826 $ 953 $ 145,147 Service charges on deposit accounts 6,085 413 345 6,843 Credit and debit card fees — 15,243 1,206 16,449 Other service charges and fees 6,306 417 487 7,210 Trust and investment services income 8,759 — — 8,759 Other 175 2,873 287 3,335 Not in scope of Topic 606 (1) 1,160 1,469 (1,088) 1,541 Total noninterest income 22,485 20,415 1,237 44,137 Total revenue $ 129,853 $ 57,241 $ 2,190 $ 189,284 Six Months Ended June 30, 2022 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Net interest income (1) $ 201,416 $ 71,914 $ 5,689 $ 279,019 Service charges on deposit accounts 12,734 759 851 14,344 Credit and debit card fees — 28,269 2,422 30,691 Other service charges and fees 12,869 1,198 856 14,923 Trust and investment services income 17,642 — — 17,642 Other 303 5,457 545 6,305 Not in scope of Topic 606 (1) 2,252 3,387 (4,027) 1,612 Total noninterest income 45,800 39,070 647 85,517 Total revenue $ 247,216 $ 110,984 $ 6,336 $ 364,536 (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, derivative financial instruments and bank-owned life insurance.

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
Earnings per Share (Tables)	Jun. 30, 2023
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 2023 2022 2023 2022 Numerator: Net income $ 62,442 $ 59,360 $ 129,260 $ 117,079 Denominator: Basic: weighted-average shares outstanding 127,591,371 127,672,244 127,522,975 127,614,564 Add: weighted-average equity-based awards 240,980 342,533 378,250 494,066 Diluted: weighted-average shares outstanding 127,832,351 128,014,777 127,901,225 128,108,630 Basic earnings per share $ 0.49 $ 0.46 $ 1.01 $ 0.92 Diluted earnings per share $ 0.49 $ 0.46 $ 1.01 $ 0.91

Noninterest Income and Nonint_2

Noninterest Income and Noninterest Expense (Tables)	6 Months Ended
Noninterest Income and Noninterest Expense (Tables)	Jun. 30, 2023
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 2023 2022 2023 2022 Three Months Ended June 30, Service cost Salaries and employee benefits $ — $ — $ 147 $ 214 Interest cost Other noninterest expense 2,059 1,361 220 143 Expected return on plan assets Other noninterest expense (882) (782) — — Recognized net actuarial loss (gain) Other noninterest expense 719 1,269 (379) (101) Total net periodic benefit cost $ 1,896 $ 1,848 $ (12) $ 256 Six Months Ended June 30, Service cost Salaries and employee benefits $ — $ — $ 294 $ 429 Interest cost Other noninterest expense 4,118 2,722 440 287 Expected return on plan assets Other noninterest expense (1,765) (1,565) — — Recognized net actuarial loss (gain) Other noninterest expense 1,438 2,537 (758) (202) Total net periodic benefit cost $ 3,791 $ 3,694 $ (24) $ 514

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
Fair Value (Tables)	Jun. 30, 2023
Fair Value
Schedule of assets and liabilities measured at fair value on a recurring basis	Fair Value Measurements as of June 30, 2023 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 $ — $ 116,885 $ — $ 116,885 Government-sponsored enterprises debt securities — 44,240 — 44,240 Mortgage-backed securities: Residential - Government agency (1) — 57,202 — 57,202 Residential - Government-sponsored enterprises (1) — 1,082,992 — 1,082,992 Commercial - Government agency — 225,462 — 225,462 Commercial - Government-sponsored enterprises — 87,897 — 87,897 Commercial - Non-agency — 21,379 — 21,379 Collateralized mortgage obligations: Government agency — 605,221 — 605,221 Government-sponsored enterprises — 427,480 — 427,480 Collateralized loan obligations — 240,614 — 240,614 Total available-for-sale securities — 2,909,372 — 2,909,372 Other assets (2) 2,257 28,699 — 30,956 Liabilities Other liabilities (3) — (26,820) (1,200) (28,020) Total $ 2,257 $ 2,911,251 $ (1,200) $ 2,912,308 (1) Backed by residential real estate. (2) Other assets classified as Level 1 include 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, 2022 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 $ — $ 150,982 $ — $ 150,982 Government-sponsored enterprises debt securities — 44,301 — 44,301 Mortgage-backed securities: Residential - Government agency (1) — 59,723 — 59,723 Residential - Government-sponsored enterprises (1) — 1,160,455 — 1,160,455 Commercial - Government agency — 237,853 — 237,853 Commercial - Government-sponsored enterprises — 119,573 — 119,573 Commercial - Non-agency — 21,471 — 21,471 Collateralized mortgage obligations: Government agency — 653,322 — 653,322 Government-sponsored enterprises — 462,132 — 462,132 Collateralized loan obligations — 241,321 — 241,321 Total available-for-sale securities — 3,151,133 — 3,151,133 Other assets (2) 5,376 10,945 — 16,321 Liabilities Other liabilities (3) — (49,268) (851) (50,119) Total $ 5,376 $ 3,112,810 $ (851) $ 3,117,335 (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 2023 2022 Three Months Ended June 30, Balance as of April 1, $ (1,200) $ (5,794) Total net gains (losses) included in other noninterest income (1,816) 123 Settlements 1,816 1,885 Balance as of June 30, $ (1,200) $ (3,786) Total net gains (losses) included in net income attributable to the change in unrealized gains or losses related to liabilities still held as of June 30, $ (1,816) $ 123 Six Months Ended June 30, Balance as of January 1, $ (851) $ (5,530) Total net losses included in other noninterest income (3,779) (1,357) Settlements 3,430 3,101 Balance as of June 30, $ (1,200) $ (3,786) Total net losses included in net income attributable to the change in unrealized losses related to liabilities still held as of June 30, $ (3,779) $ (1,357)
Summary of estimated fair value of financial instruments not required to be carried at fair value on a recurring basis	June 30, 2023 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 $ 558,131 $ 318,333 $ 239,798 $ — $ 558,131 Investment securities held-to-maturity 4,180,408 — 3,697,261 — 3,697,261 Loans (1) 14,030,432 — — 13,304,749 13,304,749 Financial liabilities: Time deposits (2) $ 3,307,772 $ — $ 3,262,608 $ — $ 3,262,608 Long-term borrowings 500,000 — 492,616 — 492,616 December 31, 2022 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 $ 526,624 $ 297,502 $ 229,122 $ — $ 526,624 Investment securities held-to-maturity 4,320,639 — 3,814,822 — 3,814,822 Loans (1) 13,793,922 — — 13,138,787 13,138,787 Financial liabilities: Time deposits (2) $ 2,476,050 $ — $ 2,423,231 $ — $ 2,423,231 Short-term borrowings 75,000 — 74,991 — 74,991 (1) Excludes financing leases of $332.4 million at June 30, 2023 and $298.1 million at December 31, 2022. (2) Excludes deposit liabilities with no defined or contractual maturity of $17.8 billion as of June 30, 2023 and $19.2 billion as of December 31, 2022.
Significant unobservable inputs used in fair value measurements for Level 3 assets and liabilities measured at fair value on a recurring basis	Quantitative Information about Level 3 Fair Value Measurements at June 30, 2023 Significant (dollars in thousands) Fair value Valuation Technique Unobservable Input Range Visa derivative $ (1,200) Discounted Cash Flow Expected Conversion Rate - 1.5902 (1) 1.5341 - 1.5902 Expected Term - 3 months (2) 0 - 6 months Growth Rate - 26% (3) 10% - 38% Quantitative Information about Level 3 Fair Value Measurements at December 31, 2022 Significant (dollars in thousands) Fair value Valuation Technique Unobservable Input Range Visa derivative $ (851) Discounted Cash Flow Expected Conversion Rate - 1.5991 (1) 1.5514-1.5991 Expected Term - 3 months (2) 0 - 6 months Growth Rate - 26% (3) 10% - 38% (1) Due to the uncertainty in the movement of the conversion rate, the current conversion rate was utilized in the fair value calculation. (2) The expected term of 3 months was based on the median of 0 to 6 months. (3) The growth rate 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, 2023
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, 2023 Net interest income $ 104,237 $ 41,496 $ 14,206 $ 159,939 Provision for credit losses (1,991) (3,009) — (5,000) Net interest income after provision for credit losses 102,246 38,487 14,206 154,939 Noninterest income 23,797 19,086 4,465 47,348 Noninterest expense (77,597) (27,086) (16,198) (120,881) Income before provision for income taxes 48,446 30,487 2,473 81,406 Provision for income taxes (11,361) (6,882) (721) (18,964) Net income $ 37,085 $ 23,605 $ 1,752 $ 62,442 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Six Months Ended June 30, 2023 Net interest income $ 213,157 $ 82,435 $ 31,594 $ 327,186 Provision for credit losses (4,554) (6,882) (2,364) (13,800) Net interest income after provision for credit losses 208,603 75,553 29,230 313,386 Noninterest income 48,064 36,974 11,333 96,371 Noninterest expense (153,440) (54,856) (31,152) (239,448) Income before provision for income taxes 103,227 57,671 9,411 170,309 Provision for income taxes (24,627) (13,212) (3,210) (41,049) Net income $ 78,600 $ 44,459 $ 6,201 $ 129,260 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Three Months Ended June 30, 2022 Net interest income $ 107,368 $ 36,826 $ 953 $ 145,147 Provision for credit losses (386) (614) — (1,000) Net interest income after provision for credit losses 106,982 36,212 953 144,147 Noninterest income 22,485 20,415 1,237 44,137 Noninterest expense (73,357) (26,962) (8,856) (109,175) Income (loss) before (provision) benefit for income taxes 56,110 29,665 (6,666) 79,109 (Provision) benefit for income taxes (13,896) (7,251) 1,398 (19,749) Net income (loss) $ 42,214 $ 22,414 $ (5,268) $ 59,360 Treasury Retail Commercial and (dollars in thousands) Banking Banking Other Total Six Months Ended June 30, 2022 Net interest income $ 201,416 $ 71,914 $ 5,689 $ 279,019 Benefit for credit losses 1,455 1,928 1,364 4,747 Net interest income after benefit for credit losses 202,871 73,842 7,053 283,766 Noninterest income 45,800 39,070 647 85,517 Noninterest expense (143,577) (53,467) (16,173) (213,217) Income (loss) before (provision) benefit for income taxes 105,094 59,445 (8,473) 156,066 (Provision) benefit for income taxes (26,046) (14,504) 1,563 (38,987) Net income (loss) $ 79,048 $ 44,941 $ (6,910) $ 117,079

Organization and Basis of Pre_3

Organization and Basis of Presentation (Details)	6 Months Ended
Organization and Basis of Presentation (Details)	Jun. 30, 2023 item
Capitalization
Loan modification, period of nonaccrual status	6 months
Estimated credit loss model, forecast horizon	1 year
Number of Portfolio Segments	3
Commercial Lending
Capitalization
Number of distinct classes within portfolio segment	4
Residential mortgage
Capitalization
Number of distinct classes within portfolio segment	2
First Hawaiian, Inc. (FHI)
Capitalization
Outstanding common stock owned (as a percent)	100%

Investment Securities - Amortiz

Investment Securities - Amortized Cost and Fair Value of Securities (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Available for sale debt securities
Amortized Cost	$ 3,296,825,000	$ 3,549,599,000
Unrealized Gains		50,000
Unrealized Losses	(387,453,000)	(398,516,000)
Total available-for-sale securities, Fair value,	2,909,372,000	3,151,133,000
Held to maturity securities
Amortized Cost	4,180,408,000	4,320,639,000
Unrealized Gains	196,000
Unrealized Losses	(483,343,000)	(505,817,000)
Total held to maturity, Fair value,	3,697,261,000	3,814,822,000
Available-for-sale investment securities
Accrued interest receivable related to available-for-sale investment securities	8,700,000	8,900,000
Accrued interest receivable related to held to maturity investment securities	7,200,000	7,500,000
Reclassification of available for sale securities to held to maturity	0	4,600,000,000
Other comprehensive income (loss), transfer of securities from available for sale to held to maturity		(372,400,000)
Gains (losses) recognized on reclassification, transfer of securities from available for sale to held to maturity		0
Collateralized Loan Obligations
Available for sale debt securities
Amortized Cost	249,889,000	249,877,000
Unrealized Gains		50,000
Unrealized Losses	(9,275,000)	(8,606,000)
Total available-for-sale securities, Fair value,	240,614,000	241,321,000
U.S. Treasury and government agency debt securities
Available for sale debt securities
Amortized Cost	128,594,000	163,309,000
Unrealized Losses	(11,709,000)	(12,327,000)
Total available-for-sale securities, Fair value,	116,885,000	150,982,000
Held to maturity securities
Amortized Cost	53,189,000	54,318,000
Unrealized Losses	(5,675,000)	(5,674,000)
Total held to maturity, Fair value,	47,514,000	48,644,000
Government-sponsored enterprises debt securities
Available for sale debt securities
Amortized Cost	45,000,000	45,000,000
Unrealized Losses	(760,000)	(699,000)
Total available-for-sale securities, Fair value,	44,240,000	44,301,000
Residential - Government agency
Available for sale debt securities
Amortized Cost	63,486,000	66,792,000
Unrealized Losses	(6,284,000)	(7,069,000)
Total available-for-sale securities, Fair value,	57,202,000	59,723,000
Held to maturity securities
Amortized Cost	45,097,000	46,302,000
Unrealized Losses	(5,484,000)	(6,294,000)
Total held to maturity, Fair value,	39,613,000	40,008,000
Residential - Government-sponsored enterprises
Available for sale debt securities
Amortized Cost	1,229,375,000	1,317,718,000
Unrealized Losses	(146,383,000)	(157,263,000)
Total available-for-sale securities, Fair value,	1,082,992,000	1,160,455,000
Held to maturity securities
Amortized Cost	102,940,000	106,534,000
Unrealized Losses	(11,898,000)	(12,978,000)
Total held to maturity, Fair value,	91,042,000	93,556,000
Commercial - Government agency
Available for sale debt securities
Amortized Cost	276,365,000	282,700,000
Unrealized Losses	(50,903,000)	(44,847,000)
Total available-for-sale securities, Fair value,	225,462,000	237,853,000
Held to maturity securities
Amortized Cost	30,675,000	30,544,000
Unrealized Losses	(6,381,000)	(5,229,000)
Total held to maturity, Fair value,	24,294,000	25,315,000
Commercial - Government-sponsored enterprises
Available for sale debt securities
Amortized Cost	96,441,000	130,612,000
Unrealized Losses	(8,544,000)	(11,039,000)
Total available-for-sale securities, Fair value,	87,897,000	119,573,000
Held to maturity securities
Amortized Cost	1,137,157,000	1,150,449,000
Unrealized Gains	196,000
Unrealized Losses	(129,963,000)	(138,451,000)
Total held to maturity, Fair value,	1,007,390,000	1,011,998,000
Commercial - Non -agency
Available for sale debt securities
Amortized Cost	21,964,000	21,964,000
Unrealized Losses	(585,000)	(493,000)
Total available-for-sale securities, Fair value,	21,379,000	21,471,000
Government agency
Available for sale debt securities
Amortized Cost	688,844,000	738,524,000
Unrealized Losses	(83,623,000)	(85,202,000)
Total available-for-sale securities, Fair value,	605,221,000	653,322,000
Held to maturity securities
Amortized Cost	1,036,671,000	1,080,492,000
Unrealized Losses	(119,506,000)	(122,378,000)
Total held to maturity, Fair value,	917,165,000	958,114,000
Government-sponsored enterprises
Available for sale debt securities
Amortized Cost	496,867,000	533,103,000
Unrealized Losses	(69,387,000)	(70,971,000)
Total available-for-sale securities, Fair value,	427,480,000	462,132,000
Held to maturity securities
Amortized Cost	1,720,672,000	1,798,178,000
Unrealized Losses	(198,450,000)	(207,045,000)
Total held to maturity, Fair value,	1,522,222,000	1,591,133,000
Debt securities issued by states and political subdivisions
Held to maturity securities
Amortized Cost	54,007,000	53,822,000
Unrealized Losses	(5,986,000)	(7,768,000)
Total held to maturity, Fair value,	$ 48,021,000	$ 46,054,000

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Proceeds from calls and sales of investment securities and other assets
Proceeds from calls of investment securities	$ 7.5	$ 0.2	$ 7.7	$ 1.2
Proceeds from sales of investment securities	25.2	0	25.2	0
Debt Securities, Available-for-sale, Realized Gain (Loss) [Abstract]
Gross realized gains on sales of investment securities	0	0	0	0
Gross realized losses on sales of investment securities	0	0	0	0
Income tax benefit related to net realized loss on sale of investment securities	0	0	0	0
Interest income from taxable and nontaxable investment securities
Interest income from taxable investment securities	33.3	31.6	67.3	60.7
Interest income from non-taxable investment securities	$ 3.1	$ 3.3	$ 6.7	$ 6.3

Investment Securities - Amort_2

Investment Securities - Amortized Cost and Fair Value, by Contractual Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Amortized Cost
Due in one year or less	$ 44,820
Due after one year through five years	60,590
Due after five years through ten years	175,172
Due after ten years	164,865
Total contractual maturities	445,447
Available-for-sale investment securities, amortized cost	3,296,825	$ 3,549,599
Fair Value
Due in one year or less	44,242
Due after one year through five years	57,478
Due after five years through ten years	162,622
Due after ten years	158,776
Total contractual maturities	423,118
Total available-for-sale securities, Fair value,	2,909,372	3,151,133
Amortized Cost
Due after five years through ten years	10,255
Due after ten years	96,941
Total contractual maturities	107,196
Amortized cost	4,180,408	4,320,639
Fair Value
Due after five years through ten years	9,264
Due after ten years	86,271
Total contractual maturities	95,535
Total held to maturity, Fair value,	3,697,261	3,814,822
Mortgage-backed securities:
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	1,665,667
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	1,453,553
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	1,315,869
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	1,162,339
Residential - Government agency
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	63,486
Available-for-sale investment securities, amortized cost	63,486	66,792
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	57,202
Total available-for-sale securities, Fair value,	57,202	59,723
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	45,097
Amortized cost	45,097	46,302
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	39,613
Total held to maturity, Fair value,	39,613	40,008
Residential - Government-sponsored enterprises
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	1,229,375
Available-for-sale investment securities, amortized cost	1,229,375	1,317,718
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	1,082,992
Total available-for-sale securities, Fair value,	1,082,992	1,160,455
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	102,940
Amortized cost	102,940	106,534
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	91,042
Total held to maturity, Fair value,	91,042	93,556
Commercial - Government agency
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	276,365
Available-for-sale investment securities, amortized cost	276,365	282,700
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	225,462
Total available-for-sale securities, Fair value,	225,462	237,853
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	30,675
Amortized cost	30,675	30,544
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	24,294
Total held to maturity, Fair value,	24,294	25,315
Commercial - Government-sponsored enterprises
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	96,441
Available-for-sale investment securities, amortized cost	96,441	130,612
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	87,897
Total available-for-sale securities, Fair value,	87,897	119,573
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	1,137,157
Amortized cost	1,137,157	1,150,449
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	1,007,390
Total held to maturity, Fair value,	1,007,390	1,011,998
Collateralized mortgage obligations
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	1,185,711
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	1,032,701
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	2,757,343
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	2,439,387
Government agency
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	688,844
Available-for-sale investment securities, amortized cost	688,844	738,524
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	605,221
Total available-for-sale securities, Fair value,	605,221	653,322
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	1,036,671
Amortized cost	1,036,671	1,080,492
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	917,165
Total held to maturity, Fair value,	917,165	958,114
Government-sponsored enterprises
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	496,867
Available-for-sale investment securities, amortized cost	496,867	533,103
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	427,480
Total available-for-sale securities, Fair value,	427,480	462,132
Amortized Cost
Mortgaged-backed securities and collateralized mortgage obligations	1,720,672
Amortized cost	1,720,672	1,798,178
Fair Value
Mortgaged-backed securities and collateralized mortgage obligations	1,522,222
Total held to maturity, Fair value,	$ 1,522,222	$ 1,591,133

Investment Securities - Pledged

Investment Securities - Pledged Securities and Concentration Narrative (Details) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2022
Concentration of risk
Credit losses recognized on securities	$ 0	$ 0	$ 0
Asset Pledged as Collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Investment securities pledged as collateral	6,000,000,000	6,000,000,000	3,200,000,000
Asset Pledged as Collateral \| Deposits [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Investment securities pledged as collateral	3,200,000,000	3,200,000,000	3,000,000,000
Asset Pledged as Collateral \| Other financial transactions
Financial Instruments Owned and Pledged as Collateral [Line Items]
Investment securities pledged as collateral	171,500,000	171,500,000	207,800,000
Borrowing Capacity
Financial Instruments Owned and Pledged as Collateral [Line Items]
Investment securities pledged as collateral	2,600,000,000	2,600,000,000
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)	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) security shares	Dec. 31, 2022 USD ($) security shares
Securities in the available-for-sale portfolio in a continuous loss position
Number of individual securities in a continuous loss position \| security	281	275
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	$ (22,048,000)	$ (213,696,000)
12 Months or More Unrealized Losses	(365,405,000)	(184,820,000)
Total Unrealized Losses	(387,453,000)	(398,516,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	502,340,000	2,023,259,000
12 Months or More Fair Value	2,407,032,000	1,056,595,000
Total Fair Value	2,909,372,000	3,079,854,000
Allowance for credit losses, investment securities	$ 0	$ 0
Investment securities comprised of collateralized loan obligations rated AA or better and obligations issued by local state and political subdivisions rated AA or better	5%	5%
Class B restricted shares \| Visa
Time in Continuous Loss, Fair Value
Shares held \| shares	120,000	120,000
Cost basis	$ 0	$ 0
U.S. Treasury and government agency debt securities
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(708,000)	(2,962,000)
12 Months or More Unrealized Losses	(11,001,000)	(9,365,000)
Total Unrealized Losses	(11,709,000)	(12,327,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	19,255,000	83,870,000
12 Months or More Fair Value	97,630,000	67,112,000
Total Fair Value	116,885,000	150,982,000
Government-sponsored enterprises debt securities
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(760,000)	(699,000)
Total Unrealized Losses	(760,000)	(699,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	44,240,000	44,301,000
Total Fair Value	44,240,000	44,301,000
Residential - Government-sponsored enterprises
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(8,831,000)	(73,954,000)
12 Months or More Unrealized Losses	(137,552,000)	(83,309,000)
Total Unrealized Losses	(146,383,000)	(157,263,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	165,828,000	645,338,000
12 Months or More Fair Value	917,164,000	515,117,000
Total Fair Value	1,082,992,000	1,160,455,000
Residential - Government agency
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses		(7,069,000)
12 Months or More Unrealized Losses	(6,284,000)
Total Unrealized Losses	(6,284,000)	(7,069,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value		59,723,000
12 Months or More Fair Value	57,202,000
Total Fair Value	57,202,000	59,723,000
Commercial - Government agency
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(104,000)	(15,852,000)
12 Months or More Unrealized Losses	(50,799,000)	(28,995,000)
Total Unrealized Losses	(50,903,000)	(44,847,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	4,256,000	108,842,000
12 Months or More Fair Value	221,206,000	129,011,000
Total Fair Value	225,462,000	237,853,000
Commercial - Government-sponsored enterprises
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(546,000)	(7,348,000)
12 Months or More Unrealized Losses	(7,998,000)	(3,691,000)
Total Unrealized Losses	(8,544,000)	(11,039,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	15,738,000	94,657,000
12 Months or More Fair Value	72,159,000	24,916,000
Total Fair Value	87,897,000	119,573,000
Commercial - Non -agency
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(585,000)	(493,000)
Total Unrealized Losses	(585,000)	(493,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	21,379,000	21,471,000
Total Fair Value	21,379,000	21,471,000
Government agency
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(1,260,000)	(74,797,000)
12 Months or More Unrealized Losses	(82,363,000)	(10,405,000)
Total Unrealized Losses	(83,623,000)	(85,202,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	31,225,000	596,907,000
12 Months or More Fair Value	573,996,000	56,415,000
Total Fair Value	605,221,000	653,322,000
Government-sponsored enterprises
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(2,894,000)	(21,916,000)
12 Months or More Unrealized Losses	(66,493,000)	(49,055,000)
Total Unrealized Losses	(69,387,000)	(70,971,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	36,881,000	198,108,000
12 Months or More Fair Value	390,599,000	264,024,000
Total Fair Value	427,480,000	462,132,000
Collateralized Loan Obligations
Time in Continuous Loss, Unrealized Losses
Less Than 12 Months Unrealized Losses	(6,360,000)	(8,606,000)
12 Months or More Unrealized Losses	(2,915,000)
Total Unrealized Losses	(9,275,000)	(8,606,000)
Time in Continuous Loss, Fair Value
Less Than 12 Months, Fair Value	163,538,000	170,042,000
12 Months or More Fair Value	77,076,000
Total Fair Value	$ 240,614,000	$ 170,042,000

Loans and Leases - Components (

Loans and Leases - Components (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Loans and leases
Loans and leases	$ 14,362,832	$ 14,092,012
Outstanding loan balances, deferred loan costs and fees	58,700	56,100
Accrued interest receivable related to loans and leases recorded separately	64,600	61,600
Consumer, commercial and industrial, commercial real estate and residential real estate loans pledged to collateralize the borrowing capacity at the FRB	4,900,000	1,700,000
Home equity line
Loans and leases
Loans and leases		1,055,351
Real estate
Loans and leases
Loans and leases	5,455,700	5,358,139
Commercial and Industrial
Loans and leases
Loans and leases	2,187,831	2,235,897
Commercial and Industrial \| Real estate
Loans and leases
Loans and leases	2,187,831	2,235,897
Commercial real estate
Loans and leases
Loans and leases	4,290,948	4,132,309
Commercial real estate \| Real estate
Loans and leases
Loans and leases	4,290,948	4,132,309
Construction
Loans and leases
Loans and leases	913,837	844,643
Construction \| Real estate
Loans and leases
Loans and leases	913,837	844,643
Residential mortgage
Loans and leases
Loans and leases	4,317,537	4,302,788
Properties in the process of foreclosure	4,000	2,800
Residential mortgage \| Home equity line
Loans and leases
Loans and leases	1,138,163
Home equity Line
Loans and leases
Loans and leases	1,138,163	1,055,351
Home equity Line \| Real estate
Loans and leases
Loans and leases	1,138,163	1,055,351
Consumer Portfolio Segment [Member]
Loans and leases
Loans and leases	1,182,116	1,222,934
Consumer Portfolio Segment [Member] \| Real estate
Loans and leases
Loans and leases	1,182,116	1,222,934
Lease financing
Loans and leases
Loans and leases	332,400	298,090
Asset Pledged as Collateral \| Federal Home Loan Bank \| Residential mortgage
Loans and leases
Loans and leases	$ 4,900,000	$ 3,500,000

Allowance for Credit Losses - A

Allowance for Credit Losses - Activity in ACL by Class of Loans and Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Rollforward of the Allowance for Credit Losses
Balance at beginning of year	$ 147,122	$ 150,280	$ 143,900	$ 157,262
Charge-offs	(5,650)	(5,022)	(11,480)	(9,880)
Recoveries	2,109	2,684	4,725	4,943
Provision	5,000	1,000	11,436	(3,383)
Balance at end of year	148,581	148,942	148,581	148,942
Commercial Lending
Rollforward of the Allowance for Credit Losses
Charge-offs			(1,788)
Commercial and Industrial
Rollforward of the Allowance for Credit Losses
Balance at beginning of year	14,038	19,160	14,564	20,080
Charge-offs	(997)	(243)	(1,788)	(949)
Recoveries	292	301	538	354
Provision	477	(3,294)	496	(3,561)
Balance at end of year	13,810	15,924	13,810	15,924
Commercial real estate
Rollforward of the Allowance for Credit Losses
Balance at beginning of year	40,311	45,238	43,810	42,951
Recoveries				14
Provision	(424)	(512)	(3,923)	1,761
Balance at end of year	39,887	44,726	39,887	44,726
Construction
Rollforward of the Allowance for Credit Losses
Balance at beginning of year	6,473	8,908	5,843	9,773
Provision	3,398	(3,541)	4,028	(4,406)
Balance at end of year	9,871	5,367	9,871	5,367
Lease financing
Rollforward of the Allowance for Credit Losses
Balance at beginning of year	1,481	1,362	1,551	1,659
Recoveries		60		60
Provision	(34)	(24)	(104)	(321)
Balance at end of year	1,447	1,398	1,447	1,398
Residential mortgage
Rollforward of the Allowance for Credit Losses
Charge-offs			(394)
Residential mortgage \| Residential Lending: Residential Mortgage
Rollforward of the Allowance for Credit Losses
Balance at beginning of year	34,320	30,888	35,175	34,364
Charge-offs			(122)
Recoveries	30	192	57	208
Provision	(1,547)	2,555	(2,307)	(937)
Balance at end of year	32,803	33,635	32,803	33,635
Residential mortgage \| Home equity line
Rollforward of the Allowance for Credit Losses
Charge-offs			(272)
Home equity line \| Home equity line
Rollforward of the Allowance for Credit Losses
Balance at beginning of year	9,341	5,084	8,296	5,642
Charge-offs	(137)	(1,120)	(272)	(1,163)
Recoveries	59	191	236	219
Provision	2,543	579	3,546	36
Balance at end of year	11,806	4,734	11,806	4,734
Consumer Portfolio Segment [Member]
Rollforward of the Allowance for Credit Losses
Balance at beginning of year	41,158	39,640	34,661	42,793
Charge-offs	(4,516)	(3,659)	(9,298)	(7,768)
Recoveries	1,728	1,940	3,894	4,088
Provision	587	5,237	9,700	4,045
Balance at end of year	$ 38,957	$ 43,158	$ 38,957	$ 43,158

Allowance for Credit Losses - R

Allowance for Credit Losses - Rollforward of the Reserve for Unfunded Commitments (Details) - Reserve for unfunded commitments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	$ 36,199	$ 28,958	$ 33,835	$ 30,322
Provision			2,364	(1,364)
Reserve for unfunded commitments, ending balance	36,199	28,958	36,199	28,958
Commercial and Industrial
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	7,153	9,308	7,811	8,615
Provision	(799)	(1,668)	(1,457)	(975)
Reserve for unfunded commitments, ending balance	6,354	7,640	6,354	7,640
Commercial real estate
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	1,692	1,789	2,004	2,114
Provision	299	1,961	(13)	1,636
Reserve for unfunded commitments, ending balance	1,991	3,750	1,991	3,750
Construction
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	8,952	8,046	7,470	8,963
Provision	837	(1,962)	2,319	(2,879)
Reserve for unfunded commitments, ending balance	9,789	6,084	9,789	6,084
Residential Lending: Residential Mortgage
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	17	3	30	15
Provision	2	29	(11)	17
Reserve for unfunded commitments, ending balance	19	32	19	32
Home equity line
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	18,336	9,766	16,483	10,546
Provision	(321)	1,657	1,532	877
Reserve for unfunded commitments, ending balance	18,015	11,423	18,015	11,423
Consumer Portfolio Segment [Member]
Reserve for unfunded commitments:
Reserve for unfunded commitments, beginning balance	49	46	37	69
Provision	(18)	(17)	(6)	(40)
Reserve for unfunded commitments, ending balance	$ 31	$ 29	$ 31	$ 29

Allowance for Credit Losses - C

Allowance for Credit Losses - Credit Quality Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Financing Receivable, before Allowance for Credit Loss, Total	$ 14,362,832		$ 14,362,832		$ 14,092,012
Current period gross charge-offs:
Total, Current period gross charge-offs	5,650	$ 5,022	11,480	$ 9,880
Loss
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Financing Receivable, before Allowance for Credit Loss, Total	0		0		0
Residential Lending: Residential Mortgage
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022					687,599
2022/2021					1,227,369
2021/2020					677,025
2020/2019					309,308
2019/2018					217,050
Prior					1,174,681
Revolving Loans Amortized Cost Basis					9,202
Revolving Loans Converted to Term Loans Amortized Cost Basis					554
Financing Receivable, before Allowance for Credit Loss, Total					4,302,788
Residential Lending: Residential Mortgage \| 740 and greater
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022					557,636
2022/2021					1,064,444
2021/2020					560,463
2020/2019					245,241
2019/2018					165,258
Prior					920,100
Financing Receivable, before Allowance for Credit Loss, Total					3,513,142
Residential Lending: Residential Mortgage \| 680 - 739
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022					73,929
2022/2021					112,672
2021/2020					82,416
2020/2019					40,355
2019/2018					22,126
Prior					130,508
Financing Receivable, before Allowance for Credit Loss, Total					462,006
Residential Lending: Residential Mortgage \| 620 - 679
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022					12,320
2022/2021					13,804
2021/2020					9,881
2020/2019					3,649
2019/2018					3,054
Prior					35,441
Financing Receivable, before Allowance for Credit Loss, Total					78,149
Residential Lending: Residential Mortgage \| 550 - 619
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022					2,455
2022/2021					2,246
2021/2020					1,791
2020/2019					263
2019/2018					601
Prior					6,955
Financing Receivable, before Allowance for Credit Loss, Total					14,311
Residential Lending: Residential Mortgage \| Less than 550
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2022/2021					1,321
2021/2020					367
2019/2018					966
Prior					5,304
Financing Receivable, before Allowance for Credit Loss, Total					7,958
Residential Lending: Residential Mortgage \| No Score
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022					22,289
2022/2021					14,671
2021/2020					6,820
2020/2019					10,599
2019/2018					15,921
Prior					47,245
Financing Receivable, before Allowance for Credit Loss, Total					117,545
Residential Lending: Residential Mortgage \| Fico Other
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022					18,970
2022/2021					18,211
2021/2020					15,287
2020/2019					9,201
2019/2018					9,124
Prior					29,128
Revolving Loans Amortized Cost Basis					9,202
Revolving Loans Converted to Term Loans Amortized Cost Basis					554
Financing Receivable, before Allowance for Credit Loss, Total					109,677
Home equity line
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis					1,046,968
Revolving Loans Converted to Term Loans Amortized Cost Basis					8,383
Financing Receivable, before Allowance for Credit Loss, Total					1,055,351
Home equity line \| 740 and greater
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis					817,123
Revolving Loans Converted to Term Loans Amortized Cost Basis					2,059
Financing Receivable, before Allowance for Credit Loss, Total					819,182
Home equity line \| 680 - 739
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis					171,117
Revolving Loans Converted to Term Loans Amortized Cost Basis					2,714
Financing Receivable, before Allowance for Credit Loss, Total					173,831
Home equity line \| 620 - 679
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis					45,368
Revolving Loans Converted to Term Loans Amortized Cost Basis					2,100
Financing Receivable, before Allowance for Credit Loss, Total					47,468
Home equity line \| 550 - 619
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis					7,485
Revolving Loans Converted to Term Loans Amortized Cost Basis					1,029
Financing Receivable, before Allowance for Credit Loss, Total					8,514
Home equity line \| Less than 550
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis					1,151
Revolving Loans Converted to Term Loans Amortized Cost Basis					481
Financing Receivable, before Allowance for Credit Loss, Total					1,632
Home equity line \| No Score
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis					4,724
Financing Receivable, before Allowance for Credit Loss, Total					4,724
Total loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	729,839		729,839		2,560,433
2022/2021	2,488,909		2,488,909		2,880,346
2021/2020	2,830,831		2,830,831		1,319,250
2020/2019	1,237,363		1,237,363		1,311,719
2019/2018	1,206,475		1,206,475		825,528
Prior	3,236,427		3,236,427		2,699,183
Revolving Loans Amortized Cost Basis	2,607,542		2,607,542		2,467,297
Revolving Loans Converted to Term Loans Amortized Cost Basis	25,446		25,446		28,256
Financing Receivable, before Allowance for Credit Loss, Total	14,362,832		14,362,832		14,092,012
Current period gross charge-offs:
2023, Current period gross charge-offs			130
2022, Current period gross charge-offs			1,304
2021, Current period gross charge-offs			1,269
2020, Current period gross charge-offs			658
2019, Current period gross charge-offs			1,331
Prior, Current period gross charge-offs			3,037
Revolving Loans Amortized Cost Basis, Current period gross charge-offs			3,385
Revolving Loans Converted to Term Loans Amortized Cost Basis, Current period gross charge-offs			366
Total, Current period gross charge-offs			11,480
Residential Portfolio Segment [Member]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Financing Receivable, before Allowance for Credit Loss, Total	4,317,537		4,317,537		4,302,788
Current period gross charge-offs:
Prior, Current period gross charge-offs			122
Revolving Loans Amortized Cost Basis, Current period gross charge-offs			254
Revolving Loans Converted to Term Loans Amortized Cost Basis, Current period gross charge-offs			18
Total, Current period gross charge-offs			394
Residential Portfolio Segment [Member] \| Fico Other
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	182,552		182,552
2022/2021	664,702		664,702
2021/2020	1,201,290		1,201,290
2020/2019	652,905		652,905
2019/2018	295,807		295,807
Prior	1,312,663		1,312,663
Revolving Loans Amortized Cost Basis	1,138,528		1,138,528
Revolving Loans Converted to Term Loans Amortized Cost Basis	7,253		7,253
Financing Receivable, before Allowance for Credit Loss, Total	5,455,700		5,455,700
Residential Portfolio Segment [Member] \| Residential Lending: Residential Mortgage
Current period gross charge-offs:
Total, Current period gross charge-offs			122
Residential Portfolio Segment [Member] \| Home equity line
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis	1,130,910		1,130,910
Revolving Loans Converted to Term Loans Amortized Cost Basis	7,253		7,253
Financing Receivable, before Allowance for Credit Loss, Total	1,138,163		1,138,163
Current period gross charge-offs:
Revolving Loans Amortized Cost Basis, Current period gross charge-offs			254
Revolving Loans Converted to Term Loans Amortized Cost Basis, Current period gross charge-offs			18
Total, Current period gross charge-offs			272
Residential Portfolio Segment [Member] \| Home equity line \| 740 and greater
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis	930,741		930,741
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,668		1,668
Financing Receivable, before Allowance for Credit Loss, Total	932,409		932,409
Residential Portfolio Segment [Member] \| Home equity line \| 680 - 739
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis	151,418		151,418
Revolving Loans Converted to Term Loans Amortized Cost Basis	2,449		2,449
Financing Receivable, before Allowance for Credit Loss, Total	153,867		153,867
Residential Portfolio Segment [Member] \| Home equity line \| 620 - 679
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis	32,897		32,897
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,376		1,376
Financing Receivable, before Allowance for Credit Loss, Total	34,273		34,273
Residential Portfolio Segment [Member] \| Home equity line \| 550 - 619
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis	9,428		9,428
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,448		1,448
Financing Receivable, before Allowance for Credit Loss, Total	10,876		10,876
Residential Portfolio Segment [Member] \| Home equity line \| Less than 550
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis	5,127		5,127
Revolving Loans Converted to Term Loans Amortized Cost Basis	312		312
Financing Receivable, before Allowance for Credit Loss, Total	5,439		5,439
Residential Portfolio Segment [Member] \| Home equity line \| No Score
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Revolving Loans Amortized Cost Basis	1,299		1,299
Financing Receivable, before Allowance for Credit Loss, Total	1,299		1,299
Home equity Line
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Financing Receivable, before Allowance for Credit Loss, Total	1,138,163		1,138,163		1,055,351
Consumer Portfolio Segment [Member]
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	133,402		133,402		335,116
2022/2021	293,562		293,562		218,940
2021/2020	178,563		178,563		112,885
2020/2019	87,334		87,334		105,789
2019/2018	74,932		74,932		57,786
Prior	47,234		47,234		28,131
Revolving Loans Amortized Cost Basis	364,102		364,102		361,126
Revolving Loans Converted to Term Loans Amortized Cost Basis	2,987		2,987		3,161
Financing Receivable, before Allowance for Credit Loss, Total	1,182,116		1,182,116		1,222,934
Current period gross charge-offs:
2023, Current period gross charge-offs			58
2022, Current period gross charge-offs			1,244
2021, Current period gross charge-offs			1,260
2020, Current period gross charge-offs			630
2019, Current period gross charge-offs			1,239
Prior, Current period gross charge-offs			1,388
Revolving Loans Amortized Cost Basis, Current period gross charge-offs			3,131
Revolving Loans Converted to Term Loans Amortized Cost Basis, Current period gross charge-offs			348
Total, Current period gross charge-offs	4,516	3,659	9,298	7,768
Consumer Portfolio Segment [Member] \| 740 and greater
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	70,561		70,561		200,887
2022/2021	153,960		153,960		111,047
2021/2020	93,788		93,788		53,534
2020/2019	45,022		45,022		43,912
2019/2018	34,093		34,093		24,951
Prior	19,410		19,410		8,432
Revolving Loans Amortized Cost Basis	117,437		117,437		125,126
Revolving Loans Converted to Term Loans Amortized Cost Basis	140		140		185
Financing Receivable, before Allowance for Credit Loss, Total	534,411		534,411		568,074
Consumer Portfolio Segment [Member] \| 680 - 739
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	44,064		44,064		99,787
2022/2021	84,900		84,900		67,140
2021/2020	49,136		49,136		37,260
2020/2019	23,895		23,895		31,751
2019/2018	19,424		19,424		15,874
Prior	11,352		11,352		7,665
Revolving Loans Amortized Cost Basis	72,327		72,327		72,101
Revolving Loans Converted to Term Loans Amortized Cost Basis	431		431		514
Financing Receivable, before Allowance for Credit Loss, Total	305,529		305,529		332,092
Consumer Portfolio Segment [Member] \| 620 - 679
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	14,643		14,643		25,949
2022/2021	37,576		37,576		29,587
2021/2020	19,488		19,488		14,226
2020/2019	9,771		9,771		16,872
2019/2018	11,007		11,007		9,672
Prior	8,482		8,482		6,488
Revolving Loans Amortized Cost Basis	33,692		33,692		31,854
Revolving Loans Converted to Term Loans Amortized Cost Basis	941		941		937
Financing Receivable, before Allowance for Credit Loss, Total	135,600		135,600		135,585
Consumer Portfolio Segment [Member] \| 550 - 619
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	2,255		2,255		3,017
2022/2021	10,974		10,974		5,475
2021/2020	8,135		8,135		5,226
2020/2019	5,608		5,608		8,056
2019/2018	6,314		6,314		5,396
Prior	5,207		5,207		3,924
Revolving Loans Amortized Cost Basis	11,730		11,730		11,269
Revolving Loans Converted to Term Loans Amortized Cost Basis	748		748		854
Financing Receivable, before Allowance for Credit Loss, Total	50,971		50,971		43,217
Consumer Portfolio Segment [Member] \| Less than 550
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	418		418		656
2022/2021	4,358		4,358		1,351
2021/2020	4,478		4,478		2,286
2020/2019	2,695		2,695		3,779
2019/2018	2,975		2,975		1,869
Prior	2,765		2,765		1,593
Revolving Loans Amortized Cost Basis	4,247		4,247		3,541
Revolving Loans Converted to Term Loans Amortized Cost Basis	560		560		443
Financing Receivable, before Allowance for Credit Loss, Total	22,496		22,496		15,518
Consumer Portfolio Segment [Member] \| No Score
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	1,425		1,425		3,205
2022/2021	586		586		258
2021/2020	2		2
2020/2019					51
2019/2018	6		6		24
Prior	17		17		29
Revolving Loans Amortized Cost Basis	39,035		39,035		38,805
Revolving Loans Converted to Term Loans Amortized Cost Basis	167		167		227
Financing Receivable, before Allowance for Credit Loss, Total	41,238		41,238		42,599
Consumer Portfolio Segment [Member] \| Fico Other
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	36		36		1,615
2022/2021	1,208		1,208		4,082
2021/2020	3,536		3,536		353
2020/2019	343		343		1,368
2019/2018	1,113		1,113
Prior	1		1
Revolving Loans Amortized Cost Basis	85,634		85,634		78,430
Revolving Loans Converted to Term Loans Amortized Cost Basis					1
Financing Receivable, before Allowance for Credit Loss, Total	91,871		91,871		85,849
Residential Mortgage loans
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022					687,599
2022/2021					1,227,369
2021/2020					677,025
2020/2019					309,308
2019/2018					217,050
Prior					1,174,681
Revolving Loans Amortized Cost Basis					1,056,170
Revolving Loans Converted to Term Loans Amortized Cost Basis					8,937
Financing Receivable, before Allowance for Credit Loss, Total					5,358,139
Residential Mortgage loans \| Residential Lending: Residential Mortgage
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	182,552		182,552
2022/2021	664,702		664,702
2021/2020	1,201,290		1,201,290
2020/2019	652,905		652,905
2019/2018	295,807		295,807
Prior	1,312,663		1,312,663
Revolving Loans Amortized Cost Basis	7,618		7,618
Financing Receivable, before Allowance for Credit Loss, Total	4,317,537		4,317,537
Current period gross charge-offs:
Prior, Current period gross charge-offs			122
Total, Current period gross charge-offs			122
Residential Mortgage loans \| Residential Lending: Residential Mortgage \| 740 and greater
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	138,593		138,593
2022/2021	530,776		530,776
2021/2020	1,030,287		1,030,287
2020/2019	544,330		544,330
2019/2018	236,821		236,821
Prior	1,036,361		1,036,361
Financing Receivable, before Allowance for Credit Loss, Total	3,517,168		3,517,168
Residential Mortgage loans \| Residential Lending: Residential Mortgage \| 680 - 739
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	25,500		25,500
2022/2021	81,562		81,562
2021/2020	117,701		117,701
2020/2019	74,446		74,446
2019/2018	34,186		34,186
Prior	135,766		135,766
Financing Receivable, before Allowance for Credit Loss, Total	469,161		469,161
Residential Mortgage loans \| Residential Lending: Residential Mortgage \| 620 - 679
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	2,468		2,468
2022/2021	11,212		11,212
2021/2020	16,463		16,463
2020/2019	10,747		10,747
2019/2018	5,743		5,743
Prior	38,132		38,132
Financing Receivable, before Allowance for Credit Loss, Total	84,765		84,765
Residential Mortgage loans \| Residential Lending: Residential Mortgage \| 550 - 619
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2022/2021	3,383		3,383
2021/2020	4,058		4,058
2020/2019	2,471		2,471
2019/2018	254		254
Prior	12,362		12,362
Financing Receivable, before Allowance for Credit Loss, Total	22,528		22,528
Residential Mortgage loans \| Residential Lending: Residential Mortgage \| Less than 550
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2022/2021	197		197
2021/2020	2,372		2,372
2020/2019	1,581		1,581
2019/2018	51		51
Prior	5,403		5,403
Financing Receivable, before Allowance for Credit Loss, Total	9,604		9,604
Residential Mortgage loans \| Residential Lending: Residential Mortgage \| No Score
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	6,075		6,075
2022/2021	19,497		19,497
2021/2020	12,552		12,552
2020/2019	6,378		6,378
2019/2018	9,837		9,837
Prior	56,201		56,201
Financing Receivable, before Allowance for Credit Loss, Total	110,540		110,540
Residential Mortgage loans \| Residential Lending: Residential Mortgage \| Fico Other
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	9,916		9,916
2022/2021	18,075		18,075
2021/2020	17,857		17,857
2020/2019	12,952		12,952
2019/2018	8,915		8,915
Prior	28,438		28,438
Revolving Loans Amortized Cost Basis	7,618		7,618
Financing Receivable, before Allowance for Credit Loss, Total	103,771		103,771
Commercial and Industrial
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	46,075		46,075		380,244
2022/2021	344,953		344,953		430,817
2021/2020	391,874		391,874		61,473
2020/2019	43,829		43,829		177,922
2019/2018	163,654		163,654		54,209
Prior	169,996		169,996		140,740
Revolving Loans Amortized Cost Basis	1,012,244		1,012,244		974,334
Revolving Loans Converted to Term Loans Amortized Cost Basis	15,206		15,206		16,158
Financing Receivable, before Allowance for Credit Loss, Total	2,187,831		2,187,831		2,235,897
Current period gross charge-offs:
2023, Current period gross charge-offs			72
2022, Current period gross charge-offs			60
2021, Current period gross charge-offs			9
2020, Current period gross charge-offs			28
2019, Current period gross charge-offs			92
Prior, Current period gross charge-offs			1,527
Total, Current period gross charge-offs	997	$ 243	1,788	$ 949
Commercial and Industrial \| Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	33,877		33,877		359,881
2022/2021	299,913		299,913		422,567
2021/2020	385,159		385,159		54,656
2020/2019	38,769		38,769		170,222
2019/2018	157,794		157,794		51,476
Prior	165,747		165,747		137,257
Revolving Loans Amortized Cost Basis	952,182		952,182		894,384
Revolving Loans Converted to Term Loans Amortized Cost Basis	15,003		15,003		15,715
Financing Receivable, before Allowance for Credit Loss, Total	2,048,444		2,048,444		2,106,158
Commercial and Industrial \| Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	103		103		2,059
2022/2021	31,193		31,193		240
2021/2020	154		154		1,371
2020/2019	849		849		2,643
2019/2018	2,397		2,397		184
Prior	1,481		1,481		1,431
Revolving Loans Amortized Cost Basis	2,967		2,967		22,897
Revolving Loans Converted to Term Loans Amortized Cost Basis	186		186		378
Financing Receivable, before Allowance for Credit Loss, Total	39,330		39,330		31,203
Commercial and Industrial \| Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	352		352		625
2022/2021	563		563		289
2021/2020	260		260		1,117
2020/2019	936		936		1,092
2019/2018	819		819		668
Prior	1,100		1,100		885
Revolving Loans Amortized Cost Basis	12,539		12,539		14,733
Revolving Loans Converted to Term Loans Amortized Cost Basis	17		17		65
Financing Receivable, before Allowance for Credit Loss, Total	16,586		16,586		19,474
Commercial and Industrial \| Other Indicator
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	11,743		11,743		17,679
2022/2021	13,284		13,284		7,721
2021/2020	6,301		6,301		4,329
2020/2019	3,275		3,275		3,965
2019/2018	2,644		2,644		1,881
Prior	1,668		1,668		1,167
Revolving Loans Amortized Cost Basis	44,556		44,556		42,320
Financing Receivable, before Allowance for Credit Loss, Total	83,471		83,471		79,062
Commercial real estate
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	213,896		213,896		889,753
2022/2021	881,855		881,855		695,882
2021/2020	655,847		655,847		320,566
2020/2019	333,860		333,860		580,465
2019/2018	571,864		571,864		397,690
Prior	1,548,225		1,548,225		1,199,197
Revolving Loans Amortized Cost Basis	85,401		85,401		48,756
Financing Receivable, before Allowance for Credit Loss, Total	4,290,948		4,290,948		4,132,309
Commercial real estate \| Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	212,159		212,159		889,583
2022/2021	876,558		876,558		695,882
2021/2020	655,847		655,847		319,838
2020/2019	333,142		333,142		565,587
2019/2018	564,881		564,881		395,474
Prior	1,499,805		1,499,805		1,173,163
Revolving Loans Amortized Cost Basis	72,447		72,447		48,081
Financing Receivable, before Allowance for Credit Loss, Total	4,214,839		4,214,839		4,087,608
Commercial real estate \| Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	1,737		1,737		170
2022/2021	156		156
2021/2020					555
2020/2019	547		547		14,878
2019/2018	6,983		6,983		512
Prior	12,389		12,389		11,398
Revolving Loans Amortized Cost Basis	12,952		12,952		675
Financing Receivable, before Allowance for Credit Loss, Total	34,764		34,764		28,188
Commercial real estate \| Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2022/2021	5,141		5,141
2021/2020					173
2020/2019	171		171
2019/2018					1,704
Prior	35,883		35,883		14,485
Revolving Loans Amortized Cost Basis	2		2
Financing Receivable, before Allowance for Credit Loss, Total	41,197		41,197		16,362
Commercial real estate \| Other Indicator
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
Prior	148		148		151
Financing Receivable, before Allowance for Credit Loss, Total	148		148		151
Construction
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	84,427		84,427		154,158
2022/2021	209,561		209,561		282,875
2021/2020	381,725		381,725		101,109
2020/2019	79,989		79,989		99,422
2019/2018	64,247		64,247		92,778
Prior	86,621		86,621		87,390
Revolving Loans Amortized Cost Basis	7,267		7,267		26,911
Financing Receivable, before Allowance for Credit Loss, Total	913,837		913,837		844,643
Construction \| Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	77,826		77,826		124,464
2022/2021	182,679		182,679		261,536
2021/2020	365,959		365,959		96,423
2020/2019	76,728		76,728		97,000
2019/2018	61,906		61,906		88,973
Prior	82,554		82,554		84,704
Revolving Loans Amortized Cost Basis	6,562		6,562		25,957
Financing Receivable, before Allowance for Credit Loss, Total	854,214		854,214		779,057
Construction \| Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2020/2019					221
2019/2018	205		205
Financing Receivable, before Allowance for Credit Loss, Total	205		205		221
Construction \| Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2019/2018					21
Prior					490
Financing Receivable, before Allowance for Credit Loss, Total					511
Construction \| Other Indicator
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	6,601		6,601		29,694
2022/2021	26,882		26,882		21,339
2021/2020	15,766		15,766		4,686
2020/2019	3,261		3,261		2,201
2019/2018	2,136		2,136		3,784
Prior	4,067		4,067		2,196
Revolving Loans Amortized Cost Basis	705		705		954
Financing Receivable, before Allowance for Credit Loss, Total	59,418		59,418		64,854
Lease financing
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	69,487		69,487		113,563
2022/2021	94,276		94,276		24,463
2021/2020	21,532		21,532		46,192
2020/2019	39,446		39,446		38,813
2019/2018	35,971		35,971		6,015
Prior	71,688		71,688		69,044
Financing Receivable, before Allowance for Credit Loss, Total	332,400		332,400		298,090
Lease financing \| Pass
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	69,487		69,487		113,563
2022/2021	94,276		94,276		24,052
2021/2020	21,167		21,167		43,497
2020/2019	39,215		39,215		37,502
2019/2018	35,964		35,964		6,004
Prior	70,312		70,312		67,687
Financing Receivable, before Allowance for Credit Loss, Total	330,421		330,421		292,305
Lease financing \| Special mention
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2022/2021					411
2021/2020	365		365		2,498
2020/2019	60		60		1,299
Financing Receivable, before Allowance for Credit Loss, Total	425		425		4,208
Lease financing \| Substandard
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2021/2020					197
2020/2019	171		171		12
2019/2018	7		7		11
Prior	1,376		1,376		1,357
Financing Receivable, before Allowance for Credit Loss, Total	1,554		1,554		1,577
Commercial Lending
Financing Receivable, Excluding Accrued Interest, before Allowance for Credit Loss, by Origination Year [Abstract]
2023/2022	413,885		413,885		1,537,718
2022/2021	1,530,645		1,530,645		1,434,037
2021/2020	1,450,978		1,450,978		529,340
2020/2019	497,124		497,124		896,622
2019/2018	835,736		835,736		550,692
Prior	1,876,530		1,876,530		1,496,371
Revolving Loans Amortized Cost Basis	1,104,912		1,104,912		1,050,001
Revolving Loans Converted to Term Loans Amortized Cost Basis	15,206		15,206		16,158
Financing Receivable, before Allowance for Credit Loss, Total	$ 7,725,016		7,725,016		$ 7,510,939
Current period gross charge-offs:
2023, Current period gross charge-offs			72
2022, Current period gross charge-offs			60
2021, Current period gross charge-offs			9
2020, Current period gross charge-offs			28
2019, Current period gross charge-offs			92
Prior, Current period gross charge-offs			1,527
Total, Current period gross charge-offs			$ 1,788

Allowance for Credit Losses - P

Allowance for Credit Losses - Past-Due Status (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment, Past Due
Loans and leases	$ 14,362,832	$ 14,092,012
Loans and Leases Past Due 90 Days or More and Still Accruing Interest	3,251	3,234
30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	27,720	46,065
60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	13,045	10,934
90 Days or Greater Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	10,827	9,698
Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	51,592	66,697
Current
Financing Receivable, Recorded Investment, Past Due
Loans and leases	14,311,240	14,025,315
Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Loans and leases	2,187,831	2,235,897
Loans and Leases Past Due 90 Days or More and Still Accruing Interest	599	291
Commercial and Industrial \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	1,318	2,682
Commercial and Industrial \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	899	769
Commercial and Industrial \| 90 Days or Greater Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	1,606	1,441
Commercial and Industrial \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	3,823	4,892
Commercial and Industrial \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and leases	2,184,008	2,231,005
Commercial real estate
Financing Receivable, Recorded Investment, Past Due
Loans and leases	4,290,948	4,132,309
Loans and Leases Past Due 90 Days or More and Still Accruing Interest	619
Commercial real estate \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases		4,505
Commercial real estate \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	3,278
Commercial real estate \| 90 Days or Greater Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	619	727
Commercial real estate \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	3,897	5,232
Commercial real estate \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and leases	4,287,051	4,127,077
Construction
Financing Receivable, Recorded Investment, Past Due
Loans and leases	913,837	844,643
Construction \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases		109
Construction \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases		109
Construction \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and leases	913,837	844,534
Lease financing
Financing Receivable, Recorded Investment, Past Due
Loans and leases	332,400	298,090
Lease financing \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and leases	332,400	298,090
Residential mortgage
Financing Receivable, Recorded Investment, Past Due
Loans and leases	4,317,537	4,302,788
Loans and Leases Past Due 90 Days or More and Still Accruing Interest	58	58
Residential mortgage \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	2,662	3,681
Residential mortgage \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	4,531	1,983
Residential mortgage \| 90 Days or Greater Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	3,524	2,572
Residential mortgage \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	10,717	8,236
Residential mortgage \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and leases	4,306,820	4,294,552
Home equity Line
Financing Receivable, Recorded Investment, Past Due
Loans and leases	1,138,163	1,055,351
Home equity Line \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	3,843	5,161
Home equity Line \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	404	1,381
Home equity Line \| 90 Days or Greater Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	3,103	2,072
Home equity Line \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	7,350	8,614
Home equity Line \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and leases	1,130,813	1,046,737
Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due
Loans and leases	1,182,116	1,222,934
Loans and Leases Past Due 90 Days or More and Still Accruing Interest	1,975	2,885
Consumer Portfolio Segment [Member] \| 30 - 59 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	19,897	29,927
Consumer Portfolio Segment [Member] \| 60 - 89 Days Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	3,933	6,801
Consumer Portfolio Segment [Member] \| 90 Days or Greater Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	1,975	2,886
Consumer Portfolio Segment [Member] \| Total Past Due
Financing Receivable, Recorded Investment, Past Due
Loans and leases	25,805	39,614
Consumer Portfolio Segment [Member] \| Current
Financing Receivable, Recorded Investment, Past Due
Loans and leases	1,156,311	1,183,320
Residential Lending: Residential Mortgage
Financing Receivable, Recorded Investment, Past Due
Loans and leases		4,302,788
Home equity line
Financing Receivable, Recorded Investment, Past Due
Loans and leases		$ 1,055,351
Home equity line \| Residential mortgage
Financing Receivable, Recorded Investment, Past Due
Loans and leases	$ 1,138,163

Allowance for Credit Losses - N

Allowance for Credit Losses - Nonaccrual Loans and Leases (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases With No Allowance for Credit Losses	$ 2,668		$ 2,668		$ 3,548
Nonaccrual Loans and Leases	13,228		13,228		11,905
Interest income recognized on nonaccrual loans and leases	200	$ 100	300	$ 100
Accrued interest receivables written off, Interest income reversed	300	$ 200	500	$ 400
Commercial and Industrial
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases With No Allowance for Credit Losses	523		523		665
Nonaccrual Loans and Leases	1,024		1,024		1,215
Commercial real estate
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases With No Allowance for Credit Losses					727
Nonaccrual Loans and Leases					727
Residential mortgage
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases With No Allowance for Credit Losses	1,549		1,549		1,560
Nonaccrual Loans and Leases	6,097		6,097		6,166
Home equity Line
Financing Receivable, Nonaccrual [Line Items]
Nonaccrual Loans and Leases With No Allowance for Credit Losses	596		596		596
Nonaccrual Loans and Leases	$ 6,107		$ 6,107		$ 3,797

Allowance for Credit Losses -_2

Allowance for Credit Losses - Collateral-Dependent Loans and Leases (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Residential Real Estate [Member]
Financing Receivable, Nonaccrual [Line Items]
Amortized cost basis of collateral-dependent loans	$ 7.3	$ 8.2

Allowance for Credit Losses - L

Allowance for Credit Losses - Loan Modified to Borrowers Experiencing Financial Difficulty (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		$ 2,423
Amortized Cost Basis of Modified Loans That Subsequently Defaulted		88
Commitments related to borrowers experiencing financial difficulty	$ 7,000,000	7,000,000
30 - 59 Days Past Due
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		34
90 Days or Greater Past Due
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		33
Total Past Due
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		67
Current
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		2,356
Commercial and Industrial
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		109
Commercial and Industrial \| Current
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		109
Construction
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		230
Construction \| Current
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		230
Commercial real estate
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		1,229
Commercial real estate \| Current
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		1,229
Residential mortgage
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		33
Residential mortgage \| Current
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		33
Consumer Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		822
Amortized Cost Basis of Modified Loans That Subsequently Defaulted		88
Consumer Portfolio Segment [Member] \| 30 - 59 Days Past Due
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		34
Consumer Portfolio Segment [Member] \| 90 Days or Greater Past Due
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		33
Consumer Portfolio Segment [Member] \| Total Past Due
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		67
Consumer Portfolio Segment [Member] \| Current
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		755
Interest Rate Reduction
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis	371	707
Amortized Cost Basis of Modified Loans That Subsequently Defaulted	87
Interest Rate Reduction \| Commercial real estate
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		$ 2
Reduced weighted-average contractual interest rate		0.75%
Interest Rate Reduction \| Consumer Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis	$ 371	$ 705
% of Total Class of Financing Receivable	0.03%	0.06%
Reduced weighted-average contractual interest rate	12.98%	13.23%
Amortized Cost Basis of Modified Loans That Subsequently Defaulted	$ 87
Term Extension
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis	$ 1,360	$ 1,716
% of Total Class of Financing Receivable	0.01%	0.01%
Term Extension \| Commercial and Industrial
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis	$ 87	$ 109
Added weighted-average years to the life of loans	3 years 7 months 6 days	3 years 6 months
Term Extension \| Construction
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		$ 230
% of Total Class of Financing Receivable		0.03%
Added weighted-average years to the life of loans	0 years	2 years 10 months 24 days
Term Extension \| Commercial real estate
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis	$ 1,227	$ 1,227
% of Total Class of Financing Receivable	0.03%	0.03%
Added weighted-average years to the life of loans	1 year	1 year
Term Extension \| Residential mortgage
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis		$ 33
Added weighted-average years to the life of loans	0 years	5 years 10 months 24 days
Term Extension \| Consumer Portfolio Segment [Member]
Financing Receivable, Modifications [Line Items]
Amortized Cost Basis	$ 46	$ 117
% of Total Class of Financing Receivable		0.01%
Added weighted-average years to the life of loans	2 years 3 months 18 days	3 years 7 months 6 days
Combination - Interest Rate Reduction and Term Extension
Financing Receivable, Modifications [Line Items]
Commitments related to borrowers experiencing financial difficulty	$ 5,000	$ 5,000

Allowance for Credit Losses - T

Allowance for Credit Losses - Troubled Debt Restructuring Disclosures Prior to Adoption of ASU 2022-02 (Details) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) item contract	Jun. 30, 2022 USD ($) item contract	Dec. 31, 2022 USD ($) loan	Jun. 30, 2023 USD ($)
Troubled debt restructuring modifications
Number of Contracts	67	202
Recorded Investment	$ 774	$ 2,367
Related ACL	$ 177	$ 380
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit			$ 7,000,000
Commitments related to borrowers who had loan terms modified in a TDR			$ 100
Loans modified in TDRs that experienced a payment default
Number of Contracts, Defaulted TDRs	153	232
Recorded Investment, Defaulted TDRs	$ 2,738	$ 3,905
Commercial and Industrial
Loans modified in TDRs that experienced a payment default
Number of Contracts, Defaulted TDRs	2	3
Recorded Investment, Defaulted TDRs	$ 541	$ 655
Consumer Portfolio Segment [Member]
Troubled debt restructuring modifications
Number of Contracts	66	201
Recorded Investment	$ 514	$ 2,107
Related ACL	$ 143	$ 346
Loans modified in TDRs that experienced a payment default
Number of Contracts, Defaulted TDRs	151	229
Recorded Investment, Defaulted TDRs	$ 2,197	$ 3,250
Residential Mortgage loans
Troubled debt restructuring modifications
Number of Contracts	1	1
Recorded Investment	$ 260	$ 260
Related ACL	$ 34	$ 34
Other real estate owned and repossessed personal property
Loans modified in TDRs that experienced a payment default
Number of foreclosed properties \| loan			1
Real estate property held from a foreclosed TDR			$ 100	$ 0

Mortgage Servicing Rights - Est

Mortgage Servicing Rights - Estimated Future Amortization Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Other Intangible Assets
Unpaid principal amount of consumer loans serviced for others	$ 1,400,000		$ 1,400,000		$ 1,400,000
Contractually specified fees, late charges, and ancillary fees	800	$ 1,000	1,700	$ 2,000
Amortization of mortgage servicing rights	278	$ 518	558	$ 1,255
Details of MSRs
Gross carrying amount	69,341		69,341		69,273
Less: accumulated amortization	63,269		63,269		62,711
Net carrying value	6,072		6,072		$ 6,562
Mortgage servicing assets
Estimated future amortization expenses for MSRs over the next five years
Under one year	885		885
One to two years	786		786
Two to three years	696		696
Three to four years	614		614
Four to five years	$ 542		$ 542

Mortgage Servicing Rights - Cha

Mortgage Servicing Rights - Changes in Amortized MSRs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Changes in amortized mortgage servicing rights
Balance at beginning of year	$ 6,299	$ 7,650	$ 6,562	$ 8,302
Originations	51	20	68	105
Amortization	(278)	(518)	(558)	(1,255)
Balance at end of year	6,072	7,152	6,072	7,152
Fair value of amortized MSRs at beginning of year	15,169	13,585	15,193	12,243
Fair value of amortized MSRs at end of year	14,557	14,969	14,557	14,969
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, 2023	Dec. 31, 2022
Minimum
Quantitative assumptions used in determining lower of cost or fair value of MSRs
Conditional prepayment rate (as a percent)	6.96%	7.02%
Life in years (of the MSR)	3 years 11 months 19 days	3 years 4 months 6 days
Weighted-average coupon rate (as a percent)	3.55%	3.55%
Discount rate (as a percent)	10.36%	10.41%
Maximum
Quantitative assumptions used in determining lower of cost or fair value of MSRs
Conditional prepayment rate (as a percent)	11.63%	13.58%
Life in years (of the MSR)	7 years 3 months 14 days	7 years 4 months 13 days
Weighted-average coupon rate (as a percent)	5.91%	6.24%
Discount rate (as a percent)	10.53%	10.54%
Weighted Average
Quantitative assumptions used in determining lower of cost or fair value of MSRs
Conditional prepayment rate (as a percent)	7.07%	7.11%
Life in years (of the MSR)	7 years 1 month 17 days	7 years 2 months 12 days
Weighted-average coupon rate (as a percent)	3.69%	3.68%
Discount rate (as a percent)	10.51%	10.51%

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, 2023	Dec. 31, 2022
Financial Instruments Owned and Pledged as Collateral [Line Items]
In-substance debt defeasance	$ 0	$ 0
Carrying amounts of the assets pledged as collateral
Securities for reverse repurchase agreements	0	0
Asset Pledged as Collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Investment securities pledged as collateral	6,000,000	3,200,000
Assets pledged as collateral	13,044,301	8,297,830
Asset Pledged as Collateral \| Public deposits
Financial Instruments Owned and Pledged as Collateral [Line Items]
Investment securities pledged as collateral	3,200,000	3,000,000
Public deposits \| Asset Pledged as Collateral with Right [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Investment securities pledged as collateral	3,204,810	2,977,693
Federal Home Loan Bank Advances [Member] \| Asset Pledged as Collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Assets pledged as collateral	4,850,075	3,451,070
Federal Reserve Bank Advances [Member] \| Asset Pledged as Collateral
Financial Instruments Owned and Pledged as Collateral [Line Items]
Assets pledged as collateral	4,858,315	1,704,803
ACH transactions \| Asset Pledged as Collateral without Right [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Assets pledged as collateral	128,442	133,173
Interest rate swaps \| Asset Pledged as Collateral without Right [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Assets pledged as collateral	$ 2,659	$ 31,091

Deposits - Interest-bearing or

Deposits - Interest-bearing or Noninterest-bearing (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
U.S.:
Interest-bearing	$ 12,048,400	$ 11,936,775
Noninterest-bearing	7,297,964	7,978,046
Foreign:
Interest-bearing	863,139	887,608
Noninterest-bearing	868,663	886,600
Total deposits	$ 21,078,166	$ 21,689,029

Deposits - Maturity Distributio

Deposits - Maturity Distribution of Time Certificates of Deposits (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Maturity distribution of time certificates of deposit
Three months or less	$ 1,163,050
Over three through six months	849,527
Over six through twelve months	970,957
One to two years	200,298
Two to three years	63,011
Three to four years	34,480
Four to five years	26,093
Thereafter	356
Total	3,307,772
Under $250,000
Maturity distribution of time certificates of deposit
Three months or less	164,863
Over three through six months	182,710
Over six through twelve months	563,473
One to two years	149,667
Two to three years	49,772
Three to four years	30,798
Four to five years	19,437
Thereafter	356
Total	1,161,076
$250,000 or More
Maturity distribution of time certificates of deposit
Three months or less	998,187
Over three through six months	666,817
Over six through twelve months	407,484
One to two years	50,631
Two to three years	13,239
Three to four years	3,682
Four to five years	6,656
Total	$ 2,146,696

Deposits - Time Certificate Den

Deposits - Time Certificate Denominations and Overdrawn Accounts (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Deposits
Time certificates of deposit in denominations of $250,000 or more, in the aggregate	$ 2,100	$ 1,500
Overdrawn deposit accounts classified as loans	$ 3.6	$ 2.5

Short-Term Borrowings - Compone

Short-Term Borrowings - Components and Selected Information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Short-term borrowings
Short-term borrowings		$ 75,000
Long-term borrowings	$ 500,000	0
Federal Home Loan Bank
Short-term borrowings
Borrowing capacity	2,900,000	2,500,000
Federal Reserve Bank Advances [Member]
Short-term borrowings
Borrowing capacity	3,800,000	1,200,000
Federal Funds Purchased [Member]
Short-term borrowings
Short-term borrowings		$ 75,000
Annual interest rate		4.35%
Highest month-end balance	150,000
Average outstanding balance	$ 34,779
Weighted-average interest rate paid (as a percent)	4.45%
Federal Home Loan Bank
Short-term borrowings
Short-term borrowings	$ 0
Highest month-end balance	400,000
Average outstanding balance	$ 208,702
Weighted-average interest rate paid (as a percent)	5.14%

Long-term Borrowings (Details)

Long-term Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Long-Term Debt	$ 500,000	$ 0
Maturities of Long-Term Debt [Abstract]
2024	500,000
Total long-term debt	500,000	$ 0
Federal Home Loan Bank Advances [Member]
Debt Instrument [Line Items]
Long-Term Debt	$ 500,000
Weighted average interest rate	4.71%
Maturities of Long-Term Debt [Abstract]
Total long-term debt	$ 500,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss - Changes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pre-tax Amount
Other comprehensive income (loss), Pre-tax Amount	$ (1,441)	$ (73,584)	$ 36,166	$ (613,385)
Income Tax Benefit (Expense)
Other comprehensive income (loss), Income Tax Benefit (Expense)	384	19,629	(9,648)	163,621
Net of tax
Balance	2,329,012	2,285,149	2,269,005	2,656,912
Other comprehensive (loss) income	(1,057)	(53,955)	26,518	(449,764)
Balance	2,359,738	2,252,611	2,359,738	2,252,611
Accumulated Other Comprehensive Income (Loss)
Pre-tax Amount
Accumulated other comprehensive income (loss), beginning balance, Pre-tax Amount	(834,206)	(705,768)	(871,813)	(165,967)
Accumulated other comprehensive (loss) income, ending balance, Pre-tax Amount	(835,647)	(779,352)	(835,647)	(779,352)
Income Tax Benefit (Expense)
Accumulated other comprehensive income (loss), beginning balance, Income Tax Benefit (Expense)	222,527	188,266	232,559	44,274
Accumulated other comprehensive loss, ending balance, Income Tax Benefit (Expense)	222,911	207,895	222,911	207,895
Net of tax
Balance	(611,679)	(517,502)	(639,254)	(121,693)
Other comprehensive (loss) income	(1,057)	(53,955)	26,518	(449,764)
Balance	(612,736)	(571,457)	(612,736)	(571,457)
Pensions and Other Benefits
Net of tax
Balance	(5,431)	(24,390)	(5,431)	(24,390)
Balance	(5,431)	(24,390)	(5,431)	(24,390)
Investment securities
Pre-tax Amount
Unrealized net gains (losses) arising during the period, Pre-tax Amount	(14,025)	(91,352)	11,013	(629,437)
Reclassification of net losses (gains) to net income, Pre-tax Amount	13,064	19,929	24,772	19,929
Other comprehensive income (loss), Pre-tax Amount	(961)	(71,423)	35,785	(609,508)
Income Tax Benefit (Expense)
Unrealized net losses (gains) arising during the period, Income Tax Benefit (Expense)	3,741	24,369	(2,938)	167,903
Reclassification of net (losses) gains to net income, Income Tax Benefit (Expense)	(3,485)	(5,317)	(6,608)	(5,317)
Other comprehensive income (loss), Income Tax Benefit (Expense)	256	19,052	(9,546)	162,586
Net of tax
Unrealized net (losses) gains arising during the period, Net of tax	(10,284)	(66,983)	8,075	(461,534)
Reclassification of net (gains) losses to net income, Net of tax	9,579	14,612	18,164	14,612
Other comprehensive (loss) income	(705)	(52,371)	26,239	(446,922)
Cash Flow Derivative Hedges
Pre-tax Amount
Unrealized net gains (losses) arising during the period, Pre-tax Amount	(2,053)	(1,523)	(2,495)	(3,239)
Reclassification of net losses (gains) to net income, Pre-tax Amount	1,573	(638)	2,876	(638)
Other comprehensive income (loss), Pre-tax Amount	(480)	(2,161)	381	(3,877)
Income Tax Benefit (Expense)
Unrealized net losses (gains) arising during the period, Income Tax Benefit (Expense)	548	407	665	865
Reclassification of net (losses) gains to net income, Income Tax Benefit (Expense)	(420)	170	(767)	170
Other comprehensive income (loss), Income Tax Benefit (Expense)	128	577	(102)	1,035
Net of tax
Balance	(4,071)	(1,258)	(4,702)
Unrealized net (losses) gains arising during the period, Net of tax	(1,505)	(1,116)	(1,830)	(2,374)
Reclassification of net (gains) losses to net income, Net of tax	1,153	(468)	2,109	(468)
Other comprehensive (loss) income	(352)	(1,584)	279	(2,842)
Balance	$ (4,423)	$ (2,842)	$ (4,423)	$ (2,842)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Loss - Changes in Accumulated Other Comprehensive Income (Loss), Net of Tax (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Net of tax
Balance	$ 2,329,012	$ 2,285,149	$ 2,269,005	$ 2,656,912	$ 2,656,912
Unrealized net losses related to the transfer of securities from available-for-sale to held-to-maturity					(372,400)
Other comprehensive income (loss)	(1,057)	(53,955)	26,518	(449,764)
Balance	2,359,738	2,252,611	2,359,738	2,252,611	2,269,005
Accumulated Other Comprehensive Income (Loss)
Net of tax
Balance	(611,679)	(517,502)	(639,254)	(121,693)	(121,693)
Other comprehensive income (loss)	(1,057)	(53,955)	26,518	(449,764)
Balance	(612,736)	(571,457)	(612,736)	(571,457)	(639,254)
Pensions and Other Benefits
Net of tax
Balance	(5,431)	(24,390)	(5,431)	(24,390)	(24,390)
Balance	(5,431)	(24,390)	(5,431)	(24,390)	(5,431)
Investment securities
Net of tax
Other comprehensive income (loss)	(705)	(52,371)	26,239	(446,922)
Available-for-sale Investment securities
Net of tax
Balance	(273,816)	(491,854)	(292,175)	(97,303)	(97,303)
Unrealized net losses related to the transfer of securities from available-for-sale to held-to-maturity		338,816		338,816
Other comprehensive income (loss)	(10,284)	(66,983)	8,075	(461,534)
Balance	(284,100)	(220,021)	(284,100)	(220,021)	(292,175)
Held-to-Maturity Investment Securities
Net of tax
Balance	(328,361)		(336,946)
Unrealized net losses related to the transfer of securities from available-for-sale to held-to-maturity		(338,816)		(338,816)
Other comprehensive income (loss)	9,579	14,612	18,164	14,612
Balance	(318,782)	(324,204)	(318,782)	(324,204)	(336,946)
Cash Flow Derivative Hedges
Net of tax
Balance	(4,071)	(1,258)	(4,702)
Other comprehensive income (loss)	(352)	(1,584)	279	(2,842)
Balance	$ (4,423)	$ (2,842)	$ (4,423)	$ (2,842)	$ (4,702)

Regulatory Capital Requiremen_3

Regulatory Capital Requirements (Details) $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Common equity tier 1 capital to risk-weighted assets
Amount	$ 1,976,982	$ 1,912,767
Ratio (as a percent)	0.1205	0.1182
Minimum Capital Ratio (as a percent)	0.0450	0.0450
Well-Capitalized Ratio (as a percent)	0.0650	0.0650
Tier 1 capital to risk-weighted assets
Amount	$ 1,976,982	$ 1,912,767
Ratio (as a percent)	0.1205	0.1182
Minimum Capital Ratio (as a percent)	0.0600	0.0600
Well-Capitalized Ratio (percent)	0.0800	0.0800
Total capital to risk-weighted assets
Amount	$ 2,161,762	$ 2,090,502
Ratio (as a percent)	0.1317	0.1292
Minimum Capital Ratio (as a percent)	0.0800	0.0800
Well-Capitalized Ratio (as a percent)	0.1000	0.1000
Tier 1 capital to average assets (leverage ratio)
Amount	$ 1,976,982	$ 1,912,767
Ratio	0.0830	0.0811
Minimum Capital Ratio (as a percent)	0.0400	0.0400
Well-Capitalized Ratio (percent)	0.0500	0.0500
First Hawaiian Bank (FHB)
Common equity tier 1 capital to risk-weighted assets
Amount	$ 1,963,228	$ 1,895,693
Ratio (as a percent)	0.1196	0.1171
Tier 1 capital to risk-weighted assets
Amount	$ 1,963,228	$ 1,895,693
Ratio (as a percent)	0.1196	0.1171
Total capital to risk-weighted assets
Amount	$ 2,148,008	$ 2,073,428
Ratio (as a percent)	0.1309	0.1281
Tier 1 capital to average assets (leverage ratio)
Amount	$ 1,963,228	$ 1,895,693
Ratio	0.0824	0.0804

Regulatory Capital Requiremen_4

Regulatory Capital Requirements - Capital Conservation Buffer (Details)	Jun. 30, 2023	Dec. 31, 2022
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Effective CET1 capital to risk-weighted assets (as a percent)	0.1205	0.1182
Effective Tier 1 capital to risk-weighted assets (as a percent)	0.1205	0.1182
Effective total capital to risk-weighted assets (as a percent)	0.1317	0.1292
Capital conservation buffer
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Effective CET1 capital to risk-weighted assets (as a percent)	0.07
Effective Tier 1 capital to risk-weighted assets (as a percent)	0.085
Effective total capital to risk-weighted assets (as a percent)	0.105
Capital requirements above regulatory rate (as a percent)	0.025

Derivative Financial Instrume_3

Derivative Financial Instruments - Notional Amounts and Fair Values (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Notional amounts and fair values of derivatives
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets	Other Assets
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities	Other Liabilities
Derivatives designated as hedging instruments \| Interest rate swaps
Notional amounts and fair values of derivatives
Notional Amount	$ 267,500	$ 267,500
Asset Derivatives	7,669	7,276
Liability Derivatives	(5,466)	(6,840)
Derivatives designated as hedging instruments \| Interest rate collars
Notional amounts and fair values of derivatives
Notional Amount	200,000	200,000
Asset Derivatives		491
Liability Derivatives	(566)	(63)
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps
Notional amounts and fair values of derivatives
Notional Amount	5,706,771	2,849,776
Asset Derivatives	21,030	3,178
Liability Derivatives	(20,788)	(42,365)
Derivatives Not Designated as Hedging Instruments \| Visa Derivative
Notional amounts and fair values of derivatives
Notional Amount	98,322	121,013
Liability Derivatives	(1,200)	(851)
Derivatives Not Designated as Hedging Instruments \| Foreign exchange contracts
Notional amounts and fair values of derivatives
Notional Amount	$ 118	$ 210

Derivative Financial Instrume_4

Derivative Financial Instruments - Clearinghouse Margin and Collateral (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Derivative contracts
Initial margin cash collateral posted	$ 2.7	$ 1.2
Interest rate swaps
Derivative contracts
Financial instruments pledged as collateral		29.9
Cash pledged as collateral	2.7	1.2
Received cash as collateral	82.9	48.1
Chicago Mercantile Exchange (CME) and London Clearing House (LCH)
Derivative contracts
Variation margin	$ 0.2	$ 39.2

Derivative Financial Instrume_5

Derivative Financial Instruments - Fair Value Hedges and Cash Flow Hedges (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) derivative	Dec. 31, 2022 USD ($) derivative
Other comprehensive income (loss)
Fair hedges carried
Accumulated other comprehensive income (loss) into earnings	$ 5,500
Hedge term	4 years
Derivatives designated as hedging instruments \| Interest rate swaps
Fair hedges carried
Notional amounts	$ 267,500	$ 267,500
Derivatives designated as hedging instruments \| Interest rate swaps \| Fair value hedges
Fair hedges carried
Number of interest rate swaps \| derivative	1	1
Notional amounts	$ 67,500	$ 67,500
Positive fair value	$ 7,700	$ 7,300
Fixed interest rate (as a percent)	2.07%	2.07%
Derivatives designated as hedging instruments \| Interest rate swaps \| Cash Flow Hedges
Fair hedges carried
Number of derivatives carried \| derivative	2	2
Notional amounts	$ 200,000	$ 200,000
Negative fair value	$ 5,500	$ 6,800
Derivatives designated as hedging instruments \| Interest rate swaps \| Cash Flow Hedges \| Minimum
Fair hedges carried
Fixed interest rate (as a percent)	1.70%	1.70%
Derivatives designated as hedging instruments \| Interest rate swaps \| Cash Flow Hedges \| Maximum
Fair hedges carried
Fixed interest rate (as a percent)	2.08%	2.08%
Derivatives designated as hedging instruments \| Interest Rate Collar [Member]
Fair hedges carried
Notional amounts	$ 200,000	$ 200,000
Derivatives designated as hedging instruments \| Interest Rate Collar [Member] \| Cash Flow Hedges
Fair hedges carried
Number of derivatives carried \| derivative	2	2
Notional amounts	$ 200,000	$ 200,000
Positive fair value		500
Negative fair value	$ 600	$ 100
Floor strike rates	2%	2%
Derivatives designated as hedging instruments \| Interest Rate Collar [Member] \| Cash Flow Hedges \| Minimum
Fair hedges carried
Cap strike rates	5.31%	5.31%
Derivatives designated as hedging instruments \| Interest Rate Collar [Member] \| Cash Flow Hedges \| Maximum
Fair hedges carried
Cap strike rates	5.64%	5.64%

Derivative Financial Instrume_6

Derivative Financial Instruments - 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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest rate swaps
Gains and losses related to derivatives
Recognized on interest rate swap	$ (795)	$ 4,631	$ 394	$ 6,143
Hedged item
Gains and losses related to derivatives
Recognized on hedged item	$ 708	$ (4,729)	$ (577)	$ (6,346)

Derivative Financial Instrume_7

Derivative Financial Instruments - Amounts Recorded in Balance Sheets Related to Cumulative Basis Adjustments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Derivative Financial Instruments
Carrying Amount of the Hedged Asset	$ 59,793	$ 60,189
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Asset	$ (7,707)	$ (7,311)

Derivative Financial Instrume_8

Derivative Financial Instruments - Derivatives Not Designated as Hedges (Details) - Derivatives Not Designated as Hedging Instruments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Impact on pretax earnings of derivatives not designated as hedges
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income	Noninterest Income, Other Operating Income
Interest rate swaps
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives Not Designated As Hedging Instruments	$ (180)		$ (558)
Visa Derivative
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives Not Designated As Hedging Instruments	$ (1,816)	$ 123	$ (3,779)	$ (1,357)
Foreign exchange contracts
Impact on pretax earnings of derivatives not designated as hedges
Net Gains (Losses) on Derivatives Not Designated As Hedging Instruments		$ (6)

Derivative Financial Instrume_9

Derivative Financial Instruments - Cash Flow Hedges (Details) - Derivatives designated as hedging instruments - Interest rate swaps and collars - Cash Flow Hedges - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Derivative financial instruments
Pretax net losses (gains) reclassified from accumulated other comprehensive income to interest income from loans and lease financing	$ 1,573	$ (638)	$ 2,876	$ (638)
Other comprehensive income (loss)
Derivative financial instruments
Pretax net losses recognized in other comprehensive income on cash flow derivative hedges	$ (2,053)	$ (1,523)	$ (2,495)	$ (3,239)

Derivative Financial Instrum_10

Derivative Financial Instruments - Free-Standing (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Minimum
Derivative financial instruments
Derivative, Floating rate					4.62%
Maximum
Derivative financial instruments
Derivative, Floating rate					7.12%
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps
Derivative financial instruments
Notional Amount	$ 5,706,771		$ 5,706,771		$ 2,849,776
Positive fair value, derivative asset	21,030		21,030		3,178
Negative fair value, derivative liability	20,788		20,788		$ 42,365
Net interest expense	$ 0	$ 0	$ 0	$ 0
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Minimum
Derivative financial instruments
Derivative, Floating rate	5.48%		5.48%
Fixed interest rate (as a percent)	2.39%		2.39%		2.39%
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Maximum
Derivative financial instruments
Derivative, Floating rate	8.17%		8.17%
Fixed interest rate (as a percent)	6.91%		6.91%		6.13%
Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Customer swap program
Derivative financial instruments
Notional Amount	$ 5,700,000		$ 5,700,000		$ 2,800,000
Positive fair value, derivative asset	21,000		21,000		3,200
Negative fair value, derivative liability	20,800		20,800		$ 42,400
Upfront fees on the dealer swap	$ 1,400	$ 500	$ 1,500	$ 1,400

Derivative Financial Instrum_11

Derivative Financial Instruments - Counterparty Credit Risk and Credit-Risk Related Contingent Features (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Derivative contracts
Counterparty credit risk adjustments	$ 0	$ 0	$ 0	$ 100,000
Credit-risk-related contingent features
Aggregate fair value of derivative instruments in a net liability position	0		0		$ 0
Collateral posted for derivatives in a net liability position	0		0		$ 0
Interest rate swaps
Derivative contracts
Collateral thresholds for derivative agreements with credit risk related contingent features	$ 300,000		$ 300,000

Derivative Financial Instrum_12

Derivative Financial Instruments - Visa Class B Restricted Shares (Details) - Class B restricted shares $ in Millions	12 Months Ended
	Dec. 31, 2016 USD ($) shares	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2017
Visa
Visa Class B Restricted Shares
Net realized gain related to the sale of stock	$ 22.7
Number of shares sold \| shares	274,000
Visa Derivative
Visa Class B Restricted Shares
Conversion rate		1.5902		1.6483
Derivative liability value		$ 1.2	$ 0.9

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Commitments to Extend Credit, Participations Sold (Details) - USD ($) $ in Millions	Jun. 30, 2023	Dec. 31, 2022
Commitments to extend credit
Commitments
Participations sold to other institutions	$ 75.8	$ 90.5
Standby letters of credit
Commitments
Participations sold to other institutions	$ 8.3	$ 8.1

Commitments and Contingent Li_4

Commitments and Contingent Liabilities - Financial Instruments with Off-Balance Sheet Risk (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financial instruments with off-balance sheet risk
Contract amount		$ 7,000,000
Commitments to extend credit
Financial instruments with off-balance sheet risk
Contract amount	$ 6,748,717	6,760,395
Standby letters of credit
Financial instruments with off-balance sheet risk
Contract amount	236,450	244,275
Commercial letters of credit
Financial instruments with off-balance sheet risk
Contract amount	$ 7,541	$ 7,299

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenue from Contracts with Customers
Net interest income	$ 159,939	$ 145,147	$ 327,186	$ 279,019
Not in scope of Topic 606	5,695	1,541	11,853	1,612
Total noninterest income	47,348	44,137	96,371	85,517
Total revenue	207,287	189,284	423,557	364,536
Retail Banking
Revenue from Contracts with Customers
Net interest income	104,237	107,368	213,157	201,416
Not in scope of Topic 606	1,754	1,160	3,455	2,252
Total noninterest income	23,797	22,485	48,064	45,800
Total revenue	128,034	129,853	261,221	247,216
Commercial Banking
Revenue from Contracts with Customers
Net interest income	41,496	36,826	82,435	71,914
Not in scope of Topic 606	1,827	1,469	2,939	3,387
Total noninterest income	19,086	20,415	36,974	39,070
Total revenue	60,582	57,241	119,409	110,984
Treasury and Other
Revenue from Contracts with Customers
Net interest income	14,206	953	31,594	5,689
Not in scope of Topic 606	2,114	(1,088)	5,459	(4,027)
Total noninterest income	4,465	1,237	11,333	647
Total revenue	18,671	2,190	42,927	6,336
Service charges on deposit accounts.
Revenue from Contracts with Customers
Revenue by type of service	7,246	6,843	14,477	14,344
Service charges on deposit accounts. \| Retail Banking
Revenue from Contracts with Customers
Revenue by type of service	6,458	6,085	13,000	12,734
Service charges on deposit accounts. \| Commercial Banking
Revenue from Contracts with Customers
Revenue by type of service	662	413	1,288	759
Service charges on deposit accounts. \| Treasury and Other
Revenue from Contracts with Customers
Revenue by type of service	126	345	189	851
Credit and debit card fees
Revenue from Contracts with Customers
Revenue by type of service	14,878	16,449	30,589	30,691
Credit and debit card fees \| Commercial Banking
Revenue from Contracts with Customers
Revenue by type of service	13,639	15,243	28,053	28,269
Credit and debit card fees \| Treasury and Other
Revenue from Contracts with Customers
Revenue by type of service	1,239	1,206	2,536	2,422
Other service charges and fees.
Revenue from Contracts with Customers
Revenue by type of service	7,023	7,210	14,127	14,923
Other service charges and fees. \| Retail Banking
Revenue from Contracts with Customers
Revenue by type of service	6,049	6,306	12,220	12,869
Other service charges and fees. \| Commercial Banking
Revenue from Contracts with Customers
Revenue by type of service	424	417	844	1,198
Other service charges and fees. \| Treasury and Other
Revenue from Contracts with Customers
Revenue by type of service	550	487	1,063	856
Trust and investment services income
Revenue from Contracts with Customers
Revenue by type of service	9,448	8,759	19,062	17,642
Trust and investment services income \| Retail Banking
Revenue from Contracts with Customers
Revenue by type of service	9,448	8,759	19,062	17,642
Other.
Revenue from Contracts with Customers
Revenue by type of service	3,058	3,335	6,263	6,305
Other. \| Retail Banking
Revenue from Contracts with Customers
Revenue by type of service	88	175	327	303
Other. \| Commercial Banking
Revenue from Contracts with Customers
Revenue by type of service	2,534	2,873	3,850	5,457
Other. \| Treasury and Other
Revenue from Contracts with Customers
Revenue by type of service	$ 436	$ 287	$ 2,086	$ 545

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, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($) item
Revenue from Contracts with Customers
Signing bonuses received from vendors, in prior years \| item					2
Contract liabilities	$ 2,300,000		$ 2,300,000		$ 2,700,000
Increase in recognized revenues and contract liabilities	200,000	$ 200,000	400,000	$ 500,000
Change in contract liabilities due to changes in transaction price estimates	$ 0	$ 0	$ 0	$ 0

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings per Share
Adjustments to net income (in dollars)	$ 0	$ 0	$ 0	$ 0
Antidilutive securities (in shares)	699,000	149,000	310,000	22,000
Numerator:
Net income	$ 62,442	$ 59,360	$ 129,260	$ 117,079
Denominator:
Basic: weighted-average shares outstanding (in shares)	127,591,371	127,672,244	127,522,975	127,614,564
Add: weighted-average equity-based awards (in shares)	240,980	342,533	378,250	494,066
Diluted: weighted-average shares outstanding (in shares)	127,832,351	128,014,777	127,901,225	128,108,630
Basic earnings per share (in dollars per share)	$ 0.49	$ 0.46	$ 1.01	$ 0.92
Diluted earnings per share (in dollars per share)	$ 0.49	$ 0.46	$ 1.01	$ 0.91

Noninterest Income and Nonint_3

Noninterest Income and Noninterest Expense - Net periodic benefit cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pension Plan
Components of net periodic benefit cost
Interest cost	$ 2,059	$ 1,361	$ 4,118	$ 2,722
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Expected return on plan assets	$ (882)	$ (782)	$ (1,765)	$ (1,565)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Recognized net actuarial loss (gain)	$ 719	$ 1,269	$ 1,438	$ 2,537
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Total net periodic benefit cost	$ 1,896	$ 1,848	$ 3,791	$ 3,694
Other Benefits
Components of net periodic benefit cost
Interest cost	$ 220	$ 143	$ 440	$ 287
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Recognized net actuarial loss (gain)	$ (379)	$ (101)	$ (758)	$ (202)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Total net periodic benefit cost	$ (12)	$ 256	$ (24)	$ 514
Other Benefits \| Salaries and employee benefits
Components of net periodic benefit cost
Service cost	$ 147	$ 214	$ 294	$ 429

Noninterest Income and Nonint_4

Noninterest Income and Noninterest Expense - Leases (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Noninterest Income and Noninterest Expense
Operating lease income related to lease payments	$ 1.5	$ 1.6	$ 3.1	$ 3.1
Lease income related to variable lease payments	$ 1.5	$ 1.6	$ 3.3	$ 3.2

Fair Value - Visa Derivative (D

Fair Value - Visa Derivative (Details) - Visa Derivative $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2017
Class B restricted shares
Fair value
Conversion rate	1.5902		1.6483
Fair Value, Measurements, Recurring \| Fair Value, Inputs, Level 3 [Member]
Fair value
Derivative Liability	$ 1,200	$ 900
Derivatives Not Designated as Hedging Instruments
Fair value
Derivative Liability	$ 1,200	$ 851

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities Recorded at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Assets
Total available-for-sale securities, Fair value,	$ 2,909,372	$ 3,151,133
Collateralized Loan Obligations
Assets
Total available-for-sale securities, Fair value,	240,614	241,321
Fair Value, Measurements, Recurring
Assets
Total available-for-sale securities, Fair value,	2,909,372	3,151,133
Other assets	30,956	16,321
Liabilities
Other liabilities	(28,020)	(50,119)
Total
Net Assets (Liabilities)	2,912,308	3,117,335
Fair Value, Measurements, Recurring \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Assets
Other assets	2,257	5,376
Total
Net Assets (Liabilities)	2,257	5,376
Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Assets
Total available-for-sale securities, Fair value,	2,909,372	3,151,133
Other assets	28,699	10,945
Liabilities
Other liabilities	(26,820)	(49,268)
Total
Net Assets (Liabilities)	2,911,251	3,112,810
Fair Value, Measurements, Recurring \| Significant Unobservable Inputs (Level 3)
Liabilities
Other liabilities	(1,200)	(851)
Total
Net Assets (Liabilities)	(1,200)	(851)
U.S. Treasury and government agency debt securities
Assets
Total available-for-sale securities, Fair value,	116,885	150,982
U.S. Treasury and government agency debt securities \| Fair Value, Measurements, Recurring
Assets
Total available-for-sale securities, Fair value,	116,885	150,982
U.S. Treasury and government agency debt securities \| Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Assets
Total available-for-sale securities, Fair value,	116,885	150,982
Government-sponsored enterprises debt securities
Assets
Total available-for-sale securities, Fair value,	44,240	44,301
Government-sponsored enterprises debt securities \| Fair Value, Measurements, Recurring
Assets
Total available-for-sale securities, Fair value,	44,240	44,301
Government-sponsored enterprises debt securities \| Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Assets
Total available-for-sale securities, Fair value,	44,240	44,301
Residential - Government agency
Assets
Total available-for-sale securities, Fair value,	57,202	59,723
Residential - Government agency \| Fair Value, Measurements, Recurring
Assets
Total available-for-sale securities, Fair value,	57,202	59,723
Residential - Government agency \| Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Assets
Total available-for-sale securities, Fair value,	57,202	59,723
Residential - Government-sponsored enterprises
Assets
Total available-for-sale securities, Fair value,	1,082,992	1,160,455
Residential - Government-sponsored enterprises \| Fair Value, Measurements, Recurring
Assets
Total available-for-sale securities, Fair value,	1,082,992	1,160,455
Residential - Government-sponsored enterprises \| Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Assets
Total available-for-sale securities, Fair value,	1,082,992	1,160,455
Commercial - Government agency
Assets
Total available-for-sale securities, Fair value,	225,462	237,853
Commercial - Government agency \| Fair Value, Measurements, Recurring
Assets
Total available-for-sale securities, Fair value,	225,462	237,853
Commercial - Government agency \| Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Assets
Total available-for-sale securities, Fair value,	225,462	237,853
Commercial - Government-sponsored enterprises
Assets
Total available-for-sale securities, Fair value,	87,897	119,573
Commercial - Government-sponsored enterprises \| Fair Value, Measurements, Recurring
Assets
Total available-for-sale securities, Fair value,	87,897	119,573
Commercial - Government-sponsored enterprises \| Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Assets
Total available-for-sale securities, Fair value,	87,897	119,573
Commercial - Non-government mortgage \| Fair Value, Measurements, Recurring
Assets
Total available-for-sale securities, Fair value,	21,379	21,471
Commercial - Non-government mortgage \| Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Assets
Total available-for-sale securities, Fair value,	21,379	21,471
Government agency
Assets
Total available-for-sale securities, Fair value,	605,221	653,322
Government agency \| Fair Value, Measurements, Recurring
Assets
Total available-for-sale securities, Fair value,	605,221	653,322
Government agency \| Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Assets
Total available-for-sale securities, Fair value,	605,221	653,322
Government-sponsored enterprises
Assets
Total available-for-sale securities, Fair value,	427,480	462,132
Government-sponsored enterprises \| Fair Value, Measurements, Recurring
Assets
Total available-for-sale securities, Fair value,	427,480	462,132
Government-sponsored enterprises \| Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Assets
Total available-for-sale securities, Fair value,	427,480	462,132
Collateralized Loan Obligations \| Fair Value, Measurements, Recurring
Assets
Total available-for-sale securities, Fair value,	240,614	241,321
Collateralized Loan Obligations \| Fair Value, Measurements, Recurring \| Significant Other Observable Inputs (Level 2)
Assets
Total available-for-sale securities, Fair value,	$ 240,614	$ 241,321

Fair Value - Significant Unobse

Fair Value - Significant Unobservable Inputs Used in Fair Value Measurements (Details) - Fair Value, Inputs, Level 3 [Member] - Visa derivative $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2023 USD ($) M	Dec. 31, 2022 USD ($) M
Expected Conversation Rate \| Discounted cash flow \| Weighted Average
Fair value
Measurement input	0.015902	0.015991
Expected Conversation Rate \| Discounted cash flow \| Minimum
Fair value
Measurement input	0.015341	0.015514
Expected Conversation Rate \| Discounted cash flow \| Maximum
Fair value
Measurement input	0.015902	0.015991
Expected Term (in months or years) \| Discounted cash flow \| Minimum
Fair value
Measurement input	0	0
Expected Term (in months or years) \| Discounted cash flow \| Maximum
Fair value
Measurement input	6	6
Growth Rate (percentage) \| Discounted cash flow \| Weighted Average
Fair value
Growth Rate (as a percent)	26%	26%
Growth Rate (percentage) \| Discounted cash flow \| Minimum
Fair value
Growth Rate (as a percent)	10%	10%
Growth Rate (percentage) \| Discounted cash flow \| Maximum
Fair value
Growth Rate (as a percent)	38%	38%
Fair Value, Measurements, Recurring
Fair value
Liabilities \| $	$ (1,200)	$ (851)
Fair Value, Measurements, Recurring \| Expected Term (in months or years) \| Discounted cash flow \| Weighted Average
Fair value
Measurement input	3	3

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, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
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	(1,200)	(5,794)	(851)	(5,530)
Total net gains (losses) included in other noninterest income	(1,816)	123	(3,779)	(1,357)
Settlements	1,816	1,885	3,430	3,101
Balance	(1,200)	(3,786)	(1,200)	(3,786)
Total net gains (losses) included in net income attributable to the change in unrealized gains or losses related to liabilities still held	$ (1,816)	$ 123	$ (3,779)	$ (1,357)

Fair Value - Financial Instrume

Fair Value - Financial Instruments not Required to be Carried at Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Financial assets:
Held-to-maturity investment securities, fair value	$ 3,697,261	$ 3,814,822
Lease and lease commitments excluded
Financing leases	332,400	298,100
Deposit liabilities with no defined or contractual maturity	17,800,000	19,200,000
Book Value
Financial assets:
Cash and cash equivalents	558,131	526,624
Held-to-maturity investment securities, fair value	4,180,408	4,320,639
Loans	14,030,432	13,793,922
Financial liabilities:
Time deposits	3,307,772	2,476,050
Short-term borrowings		75,000
Long-term borrowings	500,000
Estimated Fair Value
Financial assets:
Cash and cash equivalents	558,131	526,624
Held-to-maturity investment securities, fair value	3,697,261	3,814,822
Loans	13,304,749	13,138,787
Financial liabilities:
Time deposits	3,262,608	2,423,231
Short-term borrowings		74,991
Long-term borrowings	492,616
Estimated Fair Value \| Quoted Prices in Active Markets for Identical Assets (Level 1)
Financial assets:
Cash and cash equivalents	318,333	297,502
Estimated Fair Value \| Significant Other Observable Inputs (Level 2)
Financial assets:
Cash and cash equivalents	239,798	229,122
Held-to-maturity investment securities, fair value	3,697,261	3,814,822
Financial liabilities:
Time deposits	3,262,608	2,423,231
Short-term borrowings		74,991
Long-term borrowings	492,616
Estimated Fair Value \| Significant Unobservable Inputs (Level 3)
Financial assets:
Loans	$ 13,304,749	$ 13,138,787

Fair Value - Unfunded Loan and

Fair Value - Unfunded Loan and Lease Commitments and Letters of Credit (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Unfunded loan and lease commitments and letters of credit
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit		$ 7,000,000
Fair Value, Inputs, Level 3 [Member]
Unfunded loan and lease commitments and letters of credit
Aggregate commitments to extend credit, standby letters of credit and commercial letters of credit	$ 7,000,000	7,000,000
Estimated fair value of unfunded loan and lease commitments and letters of credit	$ 51,100	$ 48,500

Fair Value - Assets and Liabi_2

Fair Value - Assets and Liabilities Recorded at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Assets with fair value adjustments on a nonrecurring basis
Fair value	$ 0		$ 0		$ 0
Assets, Fair Value Adjustment	$ 0	$ 0	$ 0	$ 0

Reportable Operating Segments -

Reportable Operating Segments - Business Segments (Details)	6 Months Ended
Reportable Operating Segments - Business Segments (Details)	Jun. 30, 2023 location segment
Reportable operating segments
Number of business segments \| segment	3
Retail Banking
Reportable operating segments
Number of Branches \| location	51

Reportable Operating Segments_2

Reportable Operating Segments - Selected Business Segment Financial Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Selected business segment financial information
Net interest income	$ 159,939	$ 145,147	$ 327,186	$ 279,019
(Provision) Benefit for credit losses	(5,000)	(1,000)	(13,800)	4,747
Net interest income after provision for credit losses	154,939	144,147	313,386	283,766
Noninterest income	47,348	44,137	96,371	85,517
Noninterest expense	(120,881)	(109,175)	(239,448)	(213,217)
Income before provision for income taxes	81,406	79,109	170,309	156,066
(Provision) benefit for income taxes	(18,964)	(19,749)	(41,049)	(38,987)
Net income	62,442	59,360	129,260	117,079
Retail Banking
Selected business segment financial information
Net interest income	104,237	107,368	213,157	201,416
(Provision) Benefit for credit losses	(1,991)	(386)	(4,554)	1,455
Net interest income after provision for credit losses	102,246	106,982	208,603	202,871
Noninterest income	23,797	22,485	48,064	45,800
Noninterest expense	(77,597)	(73,357)	(153,440)	(143,577)
Income before provision for income taxes	48,446	56,110	103,227	105,094
(Provision) benefit for income taxes	(11,361)	(13,896)	(24,627)	(26,046)
Net income	37,085	42,214	78,600	79,048
Commercial Banking
Selected business segment financial information
Net interest income	41,496	36,826	82,435	71,914
(Provision) Benefit for credit losses	(3,009)	(614)	(6,882)	1,928
Net interest income after provision for credit losses	38,487	36,212	75,553	73,842
Noninterest income	19,086	20,415	36,974	39,070
Noninterest expense	(27,086)	(26,962)	(54,856)	(53,467)
Income before provision for income taxes	30,487	29,665	57,671	59,445
(Provision) benefit for income taxes	(6,882)	(7,251)	(13,212)	(14,504)
Net income	23,605	22,414	44,459	44,941
Treasury and Other
Selected business segment financial information
Net interest income	14,206	953	31,594	5,689
(Provision) Benefit for credit losses			(2,364)	1,364
Net interest income after provision for credit losses	14,206	953	29,230	7,053
Noninterest income	4,465	1,237	11,333	647
Noninterest expense	(16,198)	(8,856)	(31,152)	(16,173)
Income before provision for income taxes	2,473	(6,666)	9,411	(8,473)
(Provision) benefit for income taxes	(721)	1,398	(3,210)	1,563
Net income	$ 1,752	$ (5,268)	$ 6,201	$ (6,910)

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 62,442	$ 59,360	$ 129,260	$ 117,079

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false