Hawaiian Electric Company, Inc. PFD SER E 5% (HAWEL) 10-Q 4 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 28, 2016
Entity Information [Line Items]
Entity Registrant Name	HAWAIIAN ELECTRIC INDUSTRIES INC
Entity Central Index Key	354,707
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		108,524,493
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Hawaiian Electric Company, Inc. and Subsidiaries
Entity Information [Line Items]
Entity Registrant Name	HAWAIIAN ELECTRIC COMPANY INC
Entity Central Index Key	46,207
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		15,805,327
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

Consolidated Statements of Inco

Consolidated Statements of Income (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues
Total revenues	$ 646,055	$ 717,176	$ 1,763,259	$ 1,978,950
Expenses
Total expenses	540,613	620,081	1,503,511	1,739,619
Operating income (loss)
Total operating income	105,442	97,095	259,748	239,331
Merger termination fee	90,000	0	90,000	0
Interest expense, net—other than on deposit liabilities and other bank borrowings	(19,365)	(19,229)	(56,792)	(57,235)
Allowance for borrowed funds used during construction	854	737	2,276	1,918
Allowance for equity funds used during construction	2,274	2,057	6,010	5,366
Income before income taxes	179,205	80,660	301,242	189,380
Income taxes	51,592	29,516	96,203	70,406
Net income	127,613	51,144	205,039	118,974
Preferred stock dividends of subsidiaries	471	471	1,417	1,417
Net income for common stock	$ 127,142	$ 50,673	$ 203,622	$ 117,557
Basic earnings per common share (in dollars per share)	$ 1.17	$ 0.47	$ 1.89	$ 1.11
Diluted earnings per common share (in dollars per share)	1.17	0.47	1.88	1.11
Dividends per common share (in dollars per share)	$ 0.31000	$ 0.31	$ 0.93	$ 0.93
Weighted-average number of common shares outstanding (in shares)	108,268	107,457	107,951	106,067
Net effect of potentially dilutive shares (in shares)	204	281	220	280
Adjusted weighted-average shares (in shares)	108,472	107,738	108,171	106,347
Electric utility
Revenues
Total revenues	$ 572,253	$ 648,127	$ 1,549,700	$ 1,779,732
Expenses
Total expenses	482,441	565,470	1,333,876	1,573,278
Operating income (loss)
Total operating income	89,812	82,657	215,824	206,454
Income before income taxes	75,617	68,894	174,376	164,568
Income taxes	28,145	25,390	64,682	60,351
Net income	47,472	43,504	109,694	104,217
Preferred stock dividends of subsidiaries	498	498	1,496	1,496
Net income for common stock	46,974	43,006	108,198	102,721
Bank
Revenues
Total revenues	73,708	69,091	213,297	199,222
Expenses
Total expenses	50,981	48,289	150,752	138,063
Operating income (loss)
Total operating income	22,727	20,802	62,545	61,159
Income before income taxes	22,727	20,802	62,545	61,159
Income taxes	7,623	7,351	21,483	21,382
Net income	15,104	13,451	41,062	39,777
Preferred stock dividends of subsidiaries	0	0	0	0
Net income for common stock	15,104	13,451	41,062	39,777
Other
Revenues
Total revenues	94	(42)	262	(4)
Expenses
Total expenses	7,191	6,322	18,883	28,278
Operating income (loss)
Total operating income	(7,097)	(6,364)	(18,621)	(28,282)
Income before income taxes	80,861	(9,036)	64,321	(36,347)
Income taxes	15,824	(3,225)	10,038	(11,327)
Net income	65,037	(5,811)	54,283	(25,020)
Preferred stock dividends of subsidiaries	(27)	(27)	(79)	(79)
Net income for common stock	$ 65,064	$ (5,784)	$ 54,362	$ (24,941)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income for common stock	$ 127,142	$ 50,673	$ 203,622	$ 117,557
Net unrealized gains (losses) on available-for-sale investment securities:
Net unrealized gains (losses) on available-for-sale investment securities arising during the period, net of (taxes) benefits of $1,417, $(2,543), $(5,413) and $(2,382) for the respective periods	(2,147)	3,851	8,197	3,608
Less: reclassification adjustment for net realized gains included in net income, net of taxes of nil, nil, $238 and nil for the respective periods	0	0	(360)	0
Derivatives qualified as cash flow hedges:
Effective portion of foreign currency hedge net unrealized gains, net of taxes of $205, nil, $368 and nil for the respective periods	321	0	578	0
Less: reclassification adjustment to net income, net of (taxes) benefits of $(110), $37, $(75) and $112 for the respective periods	(173)	59	(119)	177
Retirement benefit plans:
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $2,324, $3,583, $6,943 and $10,760 for the respective periods	3,641	5,611	10,877	16,850
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes of $2,109, $3,243, $6,327 and $9,729 for the respective periods	(3,311)	(5,091)	(9,934)	(15,274)
Other comprehensive income (loss), net of taxes	(1,669)	4,430	9,239	5,361
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	$ 125,473	$ 55,103	$ 212,861	$ 122,918

Consolidated Statements of Com4

Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net unrealized gains (losses) on securities arising during the period, taxes	$ 1,417	$ (2,543)	$ (5,413)	$ (2,382)
Reclassification adjustment for net realized gain included in net income, taxes	0	0	238	0
Effective portion of foreign currency hedge net unrealized gain, taxes	(205)	0	(368)	0
Less: reclassification adjustment to net income, net of tax benefits	(110)	37	(75)	112
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits	2,324	3,583	6,943	10,760
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, taxes	$ 2,109	$ 3,243	$ 6,327	$ 9,729

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 284,355	$ 300,478
Accounts receivable and unbilled revenues, net	250,076	242,766
Available-for-sale investment securities, at fair value	996,984	820,648
Stock in Federal Home Loan Bank, at cost	11,218	10,678
Loans receivable held for investment, net	4,675,901	4,565,781
Loans held for sale, at lower of cost or fair value	26,743	4,631
Property, plant and equipment, net of accumulated depreciation of $2,416,937 and $2,339,319 at the respective dates	4,532,556	4,377,658
Regulatory assets	879,775	896,731
Other	459,187	480,457
Goodwill	82,190	82,190
Total assets	12,198,985	11,782,018
Liabilities
Accounts payable	134,176	138,523
Interest and dividends payable	27,115	26,042
Deposit liabilities	5,380,721	5,025,254
Short-term borrowings—other than bank	0	103,063
Other bank borrowings	265,388	328,582
Long-term debt, net—other than bank	1,579,065	1,578,368
Deferred income taxes	721,470	680,877
Regulatory liabilities	400,479	371,543
Contributions in aid of construction	525,491	506,087
Defined benefit pension and other postretirement benefit plans liability	572,933	589,918
Other	489,466	471,828
Total liabilities	10,096,304	9,820,085
Preferred stock of subsidiaries - not subject to mandatory redemption	34,293	34,293
Commitments and contingencies
Shareholders’ equity
Preferred stock, no par value, authorized 10,000,000 shares; issued: none	0	0
Common stock, no par value, authorized 200,000,000 shares; issued and outstanding: 108,503,210 shares and 107,460,406 shares at the respective dates	1,657,421	1,629,136
Retained earnings	427,990	324,766
Accumulated other comprehensive loss, net of tax benefits	(17,023)	(26,262)
Total shareholders’ equity	2,068,388	1,927,640
Total liabilities and shareholders’ equity	$ 12,198,985	$ 11,782,018

Consolidated Balance Sheets (u6

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Property, plant and equipment, accumulated depreciation	$ 2,416,937	$ 2,339,319
Preferred stock, authorized shares (in shares)	10,000,000	10,000,000
Preferred stock, issued shares (in shares)	0	0
Common stock, authorized shares (in shares)	200,000,000	200,000,000
Common stock, issued shares (in shares)	108,503,210	107,460,406
Common stock, outstanding shares (in shares)	108,503,210	107,460,406

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (unaudited) - USD ($) $ in Thousands	Total	Common stock	Retained Earnings	Accumulated other comprehensive income (loss)
Beginning Balance at Dec. 31, 2014	$ 1,790,573	$ 1,521,297	$ 296,654	$ (27,378)
Beginning Balance (in shares) at Dec. 31, 2014		102,565,000
Increase (decrease) in stockholders' equity
Net income for common stock	117,557		117,557
Other comprehensive income, net of taxes	5,361			5,361
Issuance of common stock, net	105,962	$ 105,962
Issuance of common stock, net (in shares)		4,894,000
Common stock dividends	(98,452)		(98,452)
Ending Balance at Sep. 30, 2015	1,921,001	$ 1,627,259	315,759	(22,017)
Ending Balance (in shares) at Sep. 30, 2015		107,459,000
Beginning Balance at Dec. 31, 2015	$ 1,927,640	$ 1,629,136	324,766	(26,262)
Beginning Balance (in shares) at Dec. 31, 2015	107,460,406	107,460,000
Increase (decrease) in stockholders' equity
Net income for common stock	$ 203,622		203,622
Other comprehensive income, net of taxes	9,239			9,239
Issuance of common stock, net	28,285	$ 28,285
Issuance of common stock, net (in shares)		1,043,000
Common stock dividends	(100,398)		(100,398)
Ending Balance at Sep. 30, 2016	$ 2,068,388	$ 1,657,421	$ 427,990	$ (17,023)
Ending Balance (in shares) at Sep. 30, 2016	108,503,210	108,503,000

Consolidated Statements of Cha8

Consolidated Statements of Changes in Shareholders' Equity (unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Stockholders' Equity [Abstract]
Common stock dividends (in dollars per share)	$ 0.31000	$ 0.31	$ 0.93	$ 0.93

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net income	$ 205,039	$ 118,974
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation of property, plant and equipment	145,684	137,721
Other amortization	7,368	7,252
Provision for loan losses	15,266	5,436
Loans receivable originated and purchased, held for sale	(172,657)	(226,081)
Proceeds from sale of loans receivable, held for sale	168,490	231,509
Deferred income taxes	30,667	2,723
Share-based compensation expense	3,581	4,780
Excess tax benefits from share-based payment arrangements	(398)	(1,012)
Allowance for equity funds used during construction	(6,010)	(5,366)
Impairment of utility assets	0	4,828
Other	3,234	3,921
Changes in assets and liabilities
Decrease (increase) in accounts receivable and unbilled revenues, net	(12,104)	8,248
Decrease in fuel oil stock	6,736	35,942
Increase in regulatory assets	(2,251)	(23,458)
Increase (decrease) in accounts, interest and dividends payable	3,399	(34,171)
Change in prepaid and accrued income taxes and utility revenue taxes	52,558	(8,458)
Increase in defined benefit pension and other postretirement benefit plans liability	150	418
Change in other assets and liabilities	(39,850)	(41,954)
Net cash provided by operating activities	408,902	221,252
Cash flows from investing activities
Available-for-sale investment securities purchased	(354,165)	(326,965)
Principal repayments on available-for-sale investment securities	172,829	96,053
Proceeds from sale of available-for-sale investment securities	16,423	0
Purchase of stock from Federal Home Loan Bank	(2,773)	(1,600)
Redemption of stock from Federal Home Loan Bank	2,233	60,223
Net increase in loans held for investment	(175,303)	(101,771)
Proceeds from sale of commercial loans	37,946	0
Proceeds from sale of real estate acquired in settlement of loans	829	1,258
Proceeds from sale of real estate held-for-sale	1,764	7,280
Capital expenditures	(259,207)	(276,186)
Contributions in aid of construction	23,568	34,627
Other	112	4,084
Net cash used in investing activities	(535,744)	(502,997)
Cash flows from financing activities
Net increase in deposit liabilities	355,467	202,539
Net increase (decrease) in short-term borrowings with original maturities of three months or less	(103,063)	53,020
Net increase (decrease) in retail repurchase agreements	(21,121)	67,934
Proceeds from other bank borrowings	55,835	50,000
Repayments of other bank borrowings	(97,902)	(40,000)
Proceeds from issuance of long-term debt	75,000	0
Repayment of long-term debt	(75,000)	0
Excess tax benefits from share-based payment arrangements	398	1,012
Net proceeds from issuance of common stock	10,901	104,437
Common stock dividends	(83,620)	(98,452)
Preferred stock dividends of subsidiaries	(1,417)	(1,417)
Other	(4,759)	(4,453)
Net cash provided by financing activities	110,719	334,620
Net increase (decrease) in cash and cash equivalents	(16,123)	52,875
Cash and cash equivalents, beginning of period	300,478	175,542
Cash and cash equivalents, end of period	$ 284,355	$ 228,417

Consolidated Statements of In10

Consolidated Statements of Income (unaudited) - HECO - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Total revenues	$ 646,055	$ 717,176	$ 1,763,259	$ 1,978,950
Expenses
Purchased power	158,000	161,000	413,000	446,000
Total expenses	540,613	620,081	1,503,511	1,739,619
Total operating income	105,442	97,095	259,748	239,331
Allowance for equity funds used during construction	2,274	2,057	6,010	5,366
Allowance for borrowed funds used during construction	854	737	2,276	1,918
Income taxes	51,592	29,516	96,203	70,406
Net income	127,613	51,144	205,039	118,974
Preferred stock dividends of subsidiaries	471	471	1,417	1,417
Net income for common stock	127,142	50,673	203,622	117,557
Hawaiian Electric Company, Inc. and Subsidiaries
Total revenues	572,253	648,127	1,549,700	1,779,732
Expenses
Fuel oil	128,624	195,633	334,263	518,670
Purchased power	157,750	160,518	412,667	445,809
Other operation and maintenance	94,789	103,653	298,260	306,519
Depreciation	46,759	44,356	140,300	132,840
Taxes, other than income taxes	54,519	61,310	148,386	169,440
Total expenses	482,441	565,470	1,333,876	1,573,278
Total operating income	89,812	82,657	215,824	206,454
Allowance for equity funds used during construction	2,274	2,057	6,010	5,366
Interest expense and other charges, net	(17,323)	(16,557)	(49,734)	(49,170)
Allowance for borrowed funds used during construction	854	737	2,276	1,918
Income before income taxes	75,617	68,894	174,376	164,568
Income taxes	28,145	25,390	64,682	60,351
Net income	47,472	43,504	109,694	104,217
Preferred stock dividends of subsidiaries	228	228	686	686
Net income attributable to Hawaiian Electric	47,244	43,276	109,008	103,531
Preferred stock dividends of Hawaiian Electric	270	270	810	810
Net income for common stock	$ 46,974	$ 43,006	$ 108,198	$ 102,721

Consolidated Statements of Co11

Consolidated Statements of Comprehensive Income (unaudited) - HECO - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net income for common stock	$ 127,142	$ 50,673	$ 203,622	$ 117,557
Other comprehensive income (loss), net of taxes:
Effective portion of foreign currency hedge net unrealized gains, net of taxes of $205, nil, $368 and nil for the respective periods	321	0	578	0
Less: reclassification adjustment to net income, net of taxes of $110, nil, $110 and nil for the respective periods	(173)	59	(119)	177
Retirement benefit plans:
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $2,110, $3,245, $6,331 and $9,735 for the respective periods	3,641	5,611	10,877	16,850
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes of $2,109, $3,243, $6,327 and $9,729 for the respective periods	(3,311)	(5,091)	(9,934)	(15,274)
Other comprehensive income (loss), net of taxes	(1,669)	4,430	9,239	5,361
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	125,473	55,103	212,861	122,918
Hawaiian Electric Company, Inc. and Subsidiaries
Net income for common stock	46,974	43,006	108,198	102,721
Other comprehensive income (loss), net of taxes:
Effective portion of foreign currency hedge net unrealized gains, net of taxes of $205, nil, $368 and nil for the respective periods	321	0	578	0
Less: reclassification adjustment to net income, net of taxes of $110, nil, $110 and nil for the respective periods	(173)	0	(173)	0
Retirement benefit plans:
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $2,110, $3,245, $6,331 and $9,735 for the respective periods	3,314	5,095	9,941	15,285
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes of $2,109, $3,243, $6,327 and $9,729 for the respective periods	(3,311)	(5,091)	(9,934)	(15,274)
Other comprehensive income (loss), net of taxes	151	4	412	11
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	$ 47,125	$ 43,010	$ 108,610	$ 102,732

Consolidated Statements of Co12

Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - HECO - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Effective portion of foreign currency hedge net unrealized gain, taxes	$ 205	$ 0	$ 368	$ 0
Less: reclassification adjustment to net income, net of tax benefits	110	(37)	75	(112)
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, taxes	2,109	3,243	6,327	9,729
Hawaiian Electric Company, Inc. and Subsidiaries
Effective portion of foreign currency hedge net unrealized gain, taxes	205	0	368	0
Less: reclassification adjustment to net income, net of tax benefits	110	0	110	0
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits	2,110	3,245	6,331	9,735
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, taxes	$ 2,109	$ 3,243	$ 6,327	$ 9,729

Consolidated Balance Sheets (13

Consolidated Balance Sheets (unaudited) - HECO - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Utility property, plant and equipment
Total property, plant and equipment, net	$ 4,532,556	$ 4,377,658
Other long-term assets
Total assets	12,198,985	11,782,018
Capitalization
Retained earnings	427,990	324,766
Total shareholders’ equity	2,068,388	1,927,640
Cumulative preferred stock — not subject to mandatory redemption	0	0
Commitments and contingencies
Current liabilities
Interest and preferred dividends payable	27,115	26,042
Deferred credits and other liabilities
Deferred income taxes	721,470	680,877
Contributions in aid of construction	525,491	506,087
Total liabilities and shareholders’ equity	12,198,985	11,782,018
Hawaiian Electric Company, Inc. and Subsidiaries
Utility property, plant and equipment
Land	53,175	52,792
Plant and equipment	6,483,562	6,315,698
Less accumulated depreciation	(2,343,601)	(2,266,004)
Construction in progress	236,608	175,309
Utility property, plant and equipment, net	4,429,744	4,277,795
Nonutility property, plant and equipment, less accumulated depreciation of $1,231 and $1,229 at respective dates	7,374	7,272
Total property, plant and equipment, net	4,437,118	4,285,067
Current assets
Cash and cash equivalents	22,977	24,449
Customer accounts receivable, net	134,418	132,778
Accrued unbilled revenues, net	95,167	84,509
Other accounts receivable, net	4,629	10,408
Fuel oil stock, at average cost	64,480	71,216
Materials and supplies, at average cost	57,356	54,429
Prepayments and other	35,645	36,640
Regulatory assets	74,681	72,231
Total current assets	489,353	486,660
Other long-term assets
Regulatory assets	805,094	824,500
Unamortized debt expense	267	497
Other	68,994	75,486
Total other long-term assets	874,355	900,483
Total assets	5,800,826	5,672,210
Capitalization
Common stock ($6 2/3 par value, authorized 50,000,000 shares; outstanding 15,805,327 shares)	105,388	105,388
Premium on capital stock	578,921	578,930
Retained earnings	1,081,081	1,043,082
Accumulated other comprehensive income, net of income taxes	1,337	925
Total shareholders’ equity	1,766,727	1,728,325
Cumulative preferred stock — not subject to mandatory redemption	34,293	34,293
Long-term debt, net	1,279,327	1,278,702
Total capitalization	3,080,347	3,041,320
Commitments and contingencies
Current liabilities
Short-term borrowings from affiliates	21,000	0
Accounts payable	107,497	114,846
Interest and preferred dividends payable	25,934	23,111
Taxes accrued	167,276	191,084
Regulatory liabilities	2,987	2,204
Other	56,753	54,079
Total current liabilities	381,447	385,324
Deferred credits and other liabilities
Deferred income taxes	714,559	654,806
Regulatory liabilities	397,492	369,339
Unamortized tax credits	87,794	84,214
Defined benefit pension and other postretirement benefit plans liability	535,912	552,974
Other	77,784	78,146
Total deferred credits and other liabilities	1,813,541	1,739,479
Contributions in aid of construction	525,491	506,087
Total liabilities and shareholders’ equity	$ 5,800,826	$ 5,672,210

Consolidated Balance Sheets (14

Consolidated Balance Sheets (unaudited) (Parenthetical) - HECO - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Common stock, authorized shares (in shares)	200,000,000	200,000,000
Common stock, outstanding shares (in shares)	108,503,210	107,460,406
Hawaiian Electric Company, Inc. and Subsidiaries
Nonutility property, plant and equipment, accumulated depreciation	$ 1,231	$ 1,229
Common stock, par value (in dollars per share)	$ 6.67	$ 6.67
Common stock, authorized shares (in shares)	50,000,000	50,000,000
Common stock, outstanding shares (in shares)	15,805,327	15,805,327

Consolidated Statements of Ch15

Consolidated Statements of Changes in Common Stock Equity (unaudited) - HECO - USD ($) $ in Thousands	Total	Retained earnings	Accumulated other comprehensive income (loss)	Hawaiian Electric Company, Inc. and Subsidiaries	Hawaiian Electric Company, Inc. and SubsidiariesCommon stock	Hawaiian Electric Company, Inc. and SubsidiariesPremium on capital stock	Hawaiian Electric Company, Inc. and SubsidiariesRetained earnings	Hawaiian Electric Company, Inc. and SubsidiariesAccumulated other comprehensive income (loss)
Beginning Balance at Dec. 31, 2014	$ 1,790,573	$ 296,654	$ (27,378)	$ 1,682,144	$ 105,388	$ 578,938	$ 997,773	$ 45
Beginning Balance (in shares) at Dec. 31, 2014					15,805,000
Increase (decrease) in stockholders' equity
Net income for common stock	117,557	117,557		102,721			102,721
Other comprehensive income, net of taxes	5,361		5,361	11				11
Common stock dividends	(98,452)	(98,452)		(67,804)			(67,804)
Common stock issuance expenses				(8)		(8)
Ending Balance at Sep. 30, 2015	1,921,001	315,759	(22,017)	1,717,064	$ 105,388	578,930	1,032,690	56
Ending Balance (in shares) at Sep. 30, 2015					15,805,000
Beginning Balance at Dec. 31, 2015	$ 1,927,640	324,766	(26,262)	1,728,325	$ 105,388	578,930	1,043,082	925
Beginning Balance (in shares) at Dec. 31, 2015	107,460,406				15,805,000
Increase (decrease) in stockholders' equity
Net income for common stock	$ 203,622	203,622		108,198			108,198
Other comprehensive income, net of taxes	9,239		9,239	412				412
Common stock dividends	(100,398)	(100,398)		(70,199)			(70,199)
Common stock issuance expenses				(9)		(9)
Ending Balance at Sep. 30, 2016	$ 2,068,388	$ 427,990	$ (17,023)	$ 1,766,727	$ 105,388	$ 578,921	$ 1,081,081	$ 1,337
Ending Balance (in shares) at Sep. 30, 2016	108,503,210				15,805,000

Consolidated Statements of Ca16

Consolidated Statements of Cash Flows (unaudited) - HECO - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net income	$ 205,039	$ 118,974
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation of property, plant and equipment	145,684	137,721
Other amortization	7,368	7,252
Deferred income taxes	30,667	2,723
Allowance for equity funds used during construction	(6,010)	(5,366)
Impairment of utility assets	0	4,828
Other	3,234	3,921
Changes in assets and liabilities
Decrease in fuel oil stock	6,736	35,942
Increase in regulatory assets	(2,251)	(23,458)
Change in prepaid and accrued income taxes and revenue taxes	52,558	(8,458)
Increase in defined benefit pension and other postretirement benefit plans liability	150	418
Change in other assets and liabilities	(39,850)	(41,954)
Net cash provided by operating activities	408,902	221,252
Cash flows from investing activities
Capital expenditures	(259,207)	(276,186)
Contributions in aid of construction	23,568	34,627
Other	112	4,084
Net cash used in investing activities	(535,744)	(502,997)
Cash flows from financing activities
Common stock dividends	(83,620)	(98,452)
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less	(103,063)	53,020
Other	(4,759)	(4,453)
Net cash provided by financing activities	110,719	334,620
Net increase (decrease) in cash and cash equivalents	(16,123)	52,875
Hawaiian Electric Company, Inc. and Subsidiaries
Cash flows from operating activities
Net income	109,694	104,217
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation of property, plant and equipment	140,300	132,840
Other amortization	5,380	4,999
Deferred income taxes	55,648	58,211
Tax credits, net	5,256	4,247
Allowance for equity funds used during construction	(6,010)	(5,366)
Impairment of utility assets	0	4,828
Other	(2,022)	(326)
Changes in assets and liabilities
Increase in accounts receivable	(655)	(4,464)
Decrease (increase) in accrued unbilled revenues	(10,658)	13,796
Decrease in fuel oil stock	6,736	35,942
Increase in materials and supplies	(2,927)	(1,723)
Increase in regulatory assets	(2,251)	(23,458)
Decrease in accounts payable	(676)	(40,375)
Change in prepaid and accrued income taxes and revenue taxes	(9,595)	(61,635)
Increase in defined benefit pension and other postretirement benefit plans liability	360	331
Change in other assets and liabilities	(13,309)	(20,478)
Net cash provided by operating activities	275,271	201,586
Cash flows from investing activities
Capital expenditures	(250,704)	(265,521)
Contributions in aid of construction	23,568	34,627
Other	1,100	778
Net cash used in investing activities	(226,036)	(230,116)
Cash flows from financing activities
Common stock dividends	(70,199)	(67,804)
Preferred stock dividends of Hawaiian Electric and subsidiaries	(1,496)	(1,496)
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less	21,000	94,995
Other	(12)	(223)
Net cash provided by financing activities	(50,707)	25,472
Net increase (decrease) in cash and cash equivalents	(1,472)	(3,058)
Cash and cash equivalents, beginning of period	24,449	13,762
Cash and cash equivalents, end of period	$ 22,977	$ 10,704

Basis of presentation

Basis of presentation	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of presentation	Basis of presentation The accompanying unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) for interim financial information, the instructions to SEC Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In preparing the financial statements, management is required 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 balance sheet and the reported amounts of revenues and expenses for the period. Actual results could differ significantly from those estimates. The accompanying unaudited consolidated financial statements and the following notes should be read in conjunction with the audited consolidated financial statements and the notes thereto in HEI’s and Hawaiian Electric’s Form 10-K for the year ended December 31, 2015 . In the opinion of HEI’s and Hawaiian Electric’s management, the accompanying unaudited consolidated financial statements contain all material adjustments required by GAAP to fairly state consolidated HEI’s and Hawaiian Electric’s financial positions as of September 30, 2016 and December 31, 2015 , the results of their operations for the three and nine months ended September 30, 2016 and 2015 and their cash flows for the nine months ended September 30, 2016 and 2015 . All such adjustments are of a normal recurring nature, unless otherwise disclosed below or in other referenced material. Results of operations for interim periods are not necessarily indicative of results for the full year.

Proposed Merger

Proposed Merger	9 Months Ended
	Sep. 30, 2016
Business Combinations [Abstract]
Proposed Merger	Termination of proposed merger and other matters On December 3, 2014, HEI, NextEra Energy, Inc. (NEE) and two subsidiaries of NEE entered into an Agreement and Plan of Merger (the Merger Agreement), under which Hawaiian Electric was to become a subsidiary of NEE. The Merger Agreement contemplated that, prior to the Merger, HEI would distribute to its shareholders all of the common stock of ASB Hawaii, Inc. (ASB Hawaii), the parent company of ASB (such distribution referred to as the Spin-Off). The closing of the Merger was subject to various conditions, including receipt of regulatory approval from the Hawaii Public Utilities Commission (PUC). In January 2015, NEE and Hawaiian Electric filed an application with the PUC requesting approval of the proposed Merger. On July 15, 2016, the PUC dismissed the application without prejudice. On July 16, 2016, NEE terminated the Merger Agreement. Pursuant to the terms of the Merger Agreement, on July 19, 2016, NEE paid HEI a $90 million termination fee and $5 million for the reimbursement of expenses associated with the transaction. In the third quarter of 2016, the Company recognized $64 million of net income, comprised of the termination fee ( $55 million ), reimbursements of expenses from NEE and insurance ( $3 million ), and additional tax benefits on the previously non-tax-deductible merger- and spin-off-related expenses incurred through June 30, 2016 ( $8 million ), less merger- and spin-off-related expenses incurred in the third quarter of 2016 ( $2 million ) (all net of tax impacts). The Spin-Off of ASB Hawaii was cancelled as it was cross-conditioned on the merger consummation. In May 2016, the Utilities filed an application for approval of an LNG supply and transport agreement and LNG-related capital equipment and two related applications, which applications were conditioned on the PUC’s approval of the proposed Merger. On July 21, 2016, the Utilities withdrew the three applications. Litigation . HEI and its subsidiaries are subject to various legal proceedings that arise from time to time. Some of these proceedings may seek relief or damages in amounts that may be substantial. Because these proceedings are complex, many years may pass before they are resolved, and it is not feasible to predict their outcomes. Some of these proceedings involve claims HEI and Hawaiian Electric believe may be covered by insurance, and HEI and Hawaiian Electric have advised their insurance carriers accordingly. Since the December 3, 2014 announcement of the Merger Agreement with NEE, several purported class action complaints were filed by alleged stockholders of HEI against HEI, the individual directors of HEI, NEE and others. To date, all of these lawsuits (seven of which were consolidated) have been dismissed, either with or without prejudice.

Segment financial information

Segment financial information	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment financial information	Segment financial information (in thousands) Electric utility Bank Other Total Three months ended September 30, 2016 Revenues from external customers $ 572,208 $ 73,708 $ 139 $ 646,055 Intersegment revenues (eliminations) 45 — (45 ) — Revenues 572,253 73,708 94 646,055 Income (loss) before income taxes 75,617 22,727 80,861 179,205 Income taxes (benefit) 28,145 7,623 15,824 51,592 Net income (loss) 47,472 15,104 65,037 127,613 Preferred stock dividends of subsidiaries 498 — (27 ) 471 Net income (loss) for common stock 46,974 15,104 65,064 127,142 Nine months ended September 30, 2016 Revenues from external customers $ 1,549,602 $ 213,297 $ 360 $ 1,763,259 Intersegment revenues (eliminations) 98 — (98 ) — Revenues 1,549,700 213,297 262 1,763,259 Income (loss) before income taxes 174,376 62,545 64,321 301,242 Income taxes (benefit) 64,682 21,483 10,038 96,203 Net income (loss) 109,694 41,062 54,283 205,039 Preferred stock dividends of subsidiaries 1,496 — (79 ) 1,417 Net income (loss) for common stock 108,198 41,062 54,362 203,622 Total assets (at September 30, 2016) 5,800,826 6,336,670 61,489 12,198,985 Three months ended September 30, 2015 Revenues from external customers $ 648,121 $ 69,091 $ (36 ) $ 717,176 Intersegment revenues (eliminations) 6 — (6 ) — Revenues 648,127 69,091 (42 ) 717,176 Income (loss) before income taxes 68,894 20,802 (9,036 ) 80,660 Income taxes (benefit) 25,390 7,351 (3,225 ) 29,516 Net income (loss) 43,504 13,451 (5,811 ) 51,144 Preferred stock dividends of subsidiaries 498 — (27 ) 471 Net income (loss) for common stock 43,006 13,451 (5,784 ) 50,673 Nine months ended September 30, 2015 Revenues from external customers $ 1,779,708 $ 199,222 $ 20 $ 1,978,950 Intersegment revenues (eliminations) 24 — (24 ) — Revenues 1,779,732 199,222 (4 ) 1,978,950 Income (loss) before income taxes 164,568 61,159 (36,347 ) 189,380 Income taxes (benefit) 60,351 21,382 (11,327 ) 70,406 Net income (loss) 104,217 39,777 (25,020 ) 118,974 Preferred stock dividends of subsidiaries 1,496 — (79 ) 1,417 Net income (loss) for common stock 102,721 39,777 (24,941 ) 117,557 Total assets (at December 31, 2015)* 5,672,210 6,014,755 95,053 11,782,018 * See Note 11 for the impact to prior period financial information of the adoption of Accounting Standards Update (ASU) No. 2015-03. Intercompany electricity sales of the Utilities to the bank and “other” segments are not eliminated because those segments would need to purchase electricity from another source if it were not provided by the Utilities and the profit on such sales is nominal. Bank fees that ASB charges the Utilities and “other” segments are not eliminated because those segments would pay fees to another financial institution if they were to bank with another institution and the profit on such fees is nominal.

Electric utility segment

Electric utility segment	9 Months Ended
	Sep. 30, 2016
Electric utility subsidiary [Abstract]
Electric utility segment	Electric utility segment Revenue taxes. The Utilities’ revenues include amounts for the recovery of various Hawaii state revenue taxes. Revenue taxes are generally recorded as an expense in the period the related revenues are recognized. However, the Utilities’ revenue tax payments to the taxing authorities in the period are based on the prior year’s billed revenues (in the case of public service company taxes and PUC fees) or on the current year’s cash collections from electric sales (in the case of franchise taxes). The Utilities included in the third quarters of 2016 and 2015 and nine months ended September 30, 2016 and 2015 approximately $51 million , $58 million , $138 million and $159 million , respectively, of revenue taxes in “revenues” and in “taxes, other than income taxes” expense. Recent tax developments. On December 18, 2015, Congress passed, and President Obama signed into law, the “Protecting Americans from Tax Hikes (PATH) Act of 2015” and the “Consolidating Appropriations Act, 2016,” providing government funding and a number of significant tax changes. The provision with the greatest impact on the Company is the extension of bonus depreciation. The PATH Act continues 50% bonus depreciation through 2017 and phases down the percentage to 40% in 2018 and 30% in 2019 and then terminates bonus depreciation thereafter. The extension of bonus depreciation resulted in an increase in 2015 tax depreciation of $123 million . Tax depreciation is expected to increase by approximately $126 million in 2016 and result in increased accumulated deferred tax liabilities. Additionally, the “Consolidating Appropriations Act, 2016” extended a variety of energy-related credits that were expired or were soon to expire. These credits include the production credit for wind facilities and the 30% investment credit for qualified solar energy property, with various phase-out dates through 2021. Unconsolidated variable interest entities. HECO Capital Trust III . HECO Capital Trust III (Trust III) was created and exists for the exclusive purposes of (i) issuing in March 2004 2,000,000 6.50% Cumulative Quarterly Income Preferred Securities, Series 2004 (2004 Trust Preferred Securities) ( $50 million aggregate liquidation preference) to the public and trust common securities ( $1.5 million aggregate liquidation preference) to Hawaiian Electric, (ii) investing the proceeds of these trust securities in 2004 Debentures issued by Hawaiian Electric in the principal amount of $31.5 million and issued by Hawaii Electric Light and Maui Electric each in the principal amount of $10 million , (iii) making distributions on these trust securities and (iv) engaging in only those other activities necessary or incidental thereto. The 2004 Trust Preferred Securities are mandatorily redeemable at the maturity of the underlying debt on March 18, 2034, which maturity may be extended to no later than March 18, 2053; and are currently redeemable at the issuer’s option without premium. The 2004 Debentures, together with the obligations of the Utilities under an expense agreement and Hawaiian Electric’s obligations under its trust guarantee and its guarantee of the obligations of Hawaii Electric Light and Maui Electric under their respective debentures, are the sole assets of Trust III. Taken together, Hawaiian Electric’s obligations under the Hawaiian Electric debentures, the Hawaiian Electric indenture, the subsidiary guarantees, the trust agreement, the expense agreement and trust guarantee provide, in the aggregate, a full, irrevocable and unconditional guarantee of payments of amounts due on the Trust Preferred Securities. Trust III has at all times been an unconsolidated subsidiary of Hawaiian Electric. Since Hawaiian Electric, as the holder of 100% of the trust common securities, does not absorb the majority of the variability of Trust III, Hawaiian Electric is not the primary beneficiary and does not consolidate Trust III in accordance with accounting rules on the consolidation of VIEs. Trust III’s balance sheets as of September 30, 2016 and December 31, 2015 each consisted of $51.5 million of 2004 Debentures; $50.0 million of 2004 Trust Preferred Securities; and $1.5 million of trust common securities. Trust III’s income statements for the nine months ended September 30, 2016 and 2015 each consisted of $2.5 million of interest income received from the 2004 Debentures; $2.4 million of distributions to holders of the Trust Preferred Securities; and $75,000 of common dividends on the trust common securities to Hawaiian Electric. As long as the 2004 Trust Preferred Securities are outstanding, Hawaiian Electric is not entitled to receive any funds from Trust III other than pro-rata distributions, subject to certain subordination provisions, on the trust common securities. In the event of a default by Hawaiian Electric in the performance of its obligations under the 2004 Debentures or under its Guarantees, or in the event any of the Utilities elect to defer payment of interest on any of their respective 2004 Debentures, then Hawaiian Electric will be subject to a number of restrictions, including a prohibition on the payment of dividends on its common stock. Power purchase agreements . As of September 30, 2016 , the Utilities had five PPAs for firm capacity and other PPAs with IPPs and Schedule Q providers (e.g., customers with cogeneration and/or power production facilities who buy power from or sell power to the Utilities), none of which are currently required to be consolidated as VIEs. Purchases from all IPPs were as follows: Three months ended September 30 Nine months ended September 30 (in millions) 2016 2015 2016 2015 AES Hawaii $ 38 $ 37 $ 112 $ 97 Kalaeloa 44 51 109 143 HEP 8 13 23 34 Hpower 19 18 52 50 Puna Geothermal Venture 7 8 19 22 Hawaiian Commercial & Sugar (HC&S) 1 2 1 7 Other IPPs 41 32 97 93 Total IPPs $ 158 $ 161 $ 413 $ 446 In October 2015 the amended PPA between Maui Electric and HC&S became effective following PUC approval in September 2015. The amended PPA amends the pricing structure and rates for energy sold to Maui Electric, eliminates the capacity payment to HC&S, eliminates Maui Electric’s minimum purchase obligation, provides that Maui Electric may request up to 4 MW of scheduled energy during certain months, and be provided up to 16 MW of emergency power, and extends the term of the PPA from 2014 to 2017. In 2016 HC&S requested to terminate the PPA in January of 2017, approximately 1 year early due to HC&S ceasing sugar operations. Some of the IPPs provided sufficient information for Hawaiian Electric to determine that the IPP was not a VIE, or was either a “business” or “governmental organization,” and thus excluded from the scope of accounting standards for VIEs. Other IPPs declined to provide the information necessary for Hawaiian Electric to determine the applicability of accounting standards for VIEs. Since 2004, Hawaiian Electric has continued its efforts to obtain from the IPPs the information necessary to make the determinations required under accounting standards for VIEs. In each year from 2005 to 2015, the Utilities sent letters to the identified IPPs requesting the required information. All of these IPPs declined to provide the necessary information, except that Kalaeloa later agreed to provide the information pursuant to the amendments to its PPA (see below) and an entity owning a wind farm provided information as required under its PPA. Management has concluded that the consolidation of two entities owning wind farms was not required as Hawaii Electric Light and Maui Electric do not have variable interests in the entities because the PPAs do not require them to absorb any variability of the entities. If the requested information is ultimately received from the remaining IPPs, a possible outcome of future analyses of such information is the consolidation of one or more of such IPPs in the Consolidated Financial Statements. The consolidation of any significant IPP could have a material effect on the Consolidated Financial Statements, including the recognition of a significant amount of assets and liabilities and, if such a consolidated IPP were operating at a loss and had insufficient equity, the potential recognition of such losses. If the Utilities determine they are required to consolidate the financial statements of such an IPP and the consolidation has a material effect, the Utilities would retrospectively apply accounting standards for VIEs. Kalaeloa Partners, L.P. In October 1988, Hawaiian Electric entered into a PPA with Kalaeloa, subsequently approved by the PUC, which provided that Hawaiian Electric would purchase 180 megawatts (MW) of firm capacity for a period of 25 years beginning in May 1991. In October 2004, Hawaiian Electric and Kalaeloa entered into amendments to the PPA, subsequently approved by the PUC, which together effectively increased the firm capacity from 180 MW to 208 MW. The energy payments that Hawaiian Electric makes to Kalaeloa include: (1) a fuel component, with a fuel price adjustment based on the cost of low sulfur fuel oil, (2) a fuel additives cost component and (3) a non-fuel component, with an adjustment based on changes in the Gross National Product Implicit Price Deflator. The capacity payments that Hawaiian Electric makes to Kalaeloa are fixed in accordance with the PPA. Kalaeloa also has a steam delivery cogeneration contract with another customer. The facility has been certified by the Federal Energy Regulatory Commission as a Qualifying Facility under the Public Utility Regulatory Policies Act of 1978. Hawaiian Electric and Kalaeloa are in negotiations to address the PPA term that ended on May 23, 2016. The PPA automatically extends on a month-to-month basis as long as the parties are still negotiating in good faith. The month-to-month term extensions shall end 60 days after either party notifies the other in writing that negotiations have terminated. On August 1, 2016, Hawaiian Electric and Kalaeloa entered into an agreement that neither party will give written notice of termination of the PPA prior to October 31, 2017. This agreement complements continued negotiations between the parties and accounts for time needed for PUC approval of a negotiated resolution. Pursuant to the current accounting standards for VIEs, Hawaiian Electric is deemed to have a variable interest in Kalaeloa by reason of the provisions of Hawaiian Electric’s PPA with Kalaeloa. However, management has concluded that Hawaiian Electric is not the primary beneficiary of Kalaeloa because Hawaiian Electric does not have the power to direct the activities that most significantly impact Kalaeloa’s economic performance nor the obligation to absorb Kalaeloa’s expected losses, if any, that could potentially be significant to Kalaeloa. Thus, Hawaiian Electric has not consolidated Kalaeloa in its consolidated financial statements. The energy payments paid by Hawaiian Electric will fluctuate as fuel prices change, however, the PPA does not currently expose Hawaiian Electric to losses as the fuel and fuel related energy payments under the PPA have been approved by the PUC for recovery from customers through base electric rates and through Hawaiian Electric’s ECAC to the extent the fuel and fuel related energy payments are not included in base energy rates. As of September 30, 2016 , Hawaiian Electric’s accounts payable to Kalaeloa amounted to $12 million . AES Hawaii, Inc. In March 1988, Hawaiian Electric entered into a PPA with AES Barbers Point, Inc. (now known as AES Hawaii, Inc.), which, as amended (through Amendment No. 2) and approved by the PUC, provided that Hawaiian Electric would purchase 180 MW of firm capacity for a period of 30 years beginning in September 1992. In November 2015, Hawaiian Electric entered into an Amendment No. 3, for which PUC approval has been requested. If approved by the PUC, Amendment No. 3 would increase the firm capacity from 180 MW to a maximum of 189 MW. The payments that Hawaiian Electric makes to AES Hawaii for energy associated with the first 180 MW of firm capacity include a fuel component, a variable O&M component and a fixed O&M component, all of which are subject to adjustment based on changes in the Gross National Product Implicit Price Deflator. If Amendment No. 3 is approved by the PUC, payments for energy associated with firm capacity in excess of 180 MW will be at fixed rates not subject to adjustment based on changes in the Gross National Product Implicit Price Deflator. The capacity payments that Hawaiian Electric makes to AES Hawaii are fixed in accordance with the PPA and, if approved by the PUC, Amendment No. 3. Pursuant to the current accounting standards for VIEs, Hawaiian Electric is deemed to have a variable interest in AES Hawaii by reason of the provisions of Hawaiian Electric’s PPA with AES Hawaii. However, management has concluded that Hawaiian Electric is not the primary beneficiary of AES Hawaii because Hawaiian Electric does not have the power to control the most significant activities of AES Hawaii that impact AES Hawaii’s economic performance, including operations and maintenance of AES Hawaii’s facility. Thus, Hawaiian Electric has not consolidated AES Hawaii in its consolidated financial statements. As of September 30, 2016 , Hawaiian Electric’s accounts payable to AES Hawaii amounted to $13 million . Commitments and contingencies. Fuel contracts . The Utilities have contractual agreements to purchase minimum quantities of fuel oil, diesel fuel and biodiesel for multi-year periods, some through December 2019. Fossil fuel prices are tied to the market prices of crude oil and petroleum products in the Far East and U.S. West Coast and the biodiesel prices are tied to the market prices of animal fat feedstocks in the U.S. West Coast and U.S. Midwest. Hawaiian Electric and Chevron Products Company (Chevron), a division of Chevron USA, Inc., are parties to the Low Sulfur Fuel Oil Supply Contract (LSFO Contract) for the purchase/sale of low sulfur fuel oil (LSFO), which terminates on December 31, 2016. The LSFO Contract will be replaced by a new contract with Chevron for LSFO and diesel fuel to meet MATS requirements for the island of Oahu that begins on January 1, 2017, terminates on December 31, 2019 and may automatically renew for annual terms thereafter unless earlier terminated by either party. The Utilities are also parties to amended Inter-Island contracts for the supplies of industrial fuel oil and diesel fuels with Chevron and Par Hawaii Refining, LLC (PAR) (formerly known as Hawaii Independent Energy, LLC), respectively, which terminate on December 31, 2016. The Inter-Island contracts will be replaced by a new Inter-Island contract with Chevron for industrial fuel oil, diesel and ultra-low sulfur diesel for the islands of Oahu, Hawaii, Maui and Molokai, which begins on January 1, 2017, terminates on December 31, 2019 and may automatically renew for annual terms thereafter unless earlier terminated by either party. Hawaii Electric Light and Chevron are also parties to a terminalling agreement for the island of Hawaii, which begins on January 1, 2017, terminates on December 31, 2019 and may automatically renew for annual terms thereafter unless earlier terminated by either party. Currently, terminalling services are provided to Hawaii Electric Light under the Inter-island Fuel Supply Contract with Chevron that expires on December 31, 2016. The PUC has approved all of the foregoing contracts (LSFO, Inter-Island and Terminalling) and the costs incurred under these contracts are included in the Utilities’ respective ECACs, to the extent such costs are not recovered through the base rates. The energy charge for energy purchased from Kalaeloa Partners, L.P. (Kalaeloa) under Hawaiian Electric’s PPA with Kalaeloa is based, in part, on the price Kalaeloa pays PAR (formerly known as Hawaii Independent Energy, LLC) for LSFO under a Facility Fuel Supply Contract (fuel contract) between them. The term of the fuel contract between Kalaeloa and PAR ended on May 31, 2016 and is being extended until terminated by one of the parties. AES Hawaii, Inc . Under a PPA entered into in March 1988, as amended, for a period of 30 years beginning September 1992, Hawaiian Electric agreed to purchase 180 MW of firm capacity from AES Hawaii. In August 2012, Hawaiian Electric filed an application with the PUC seeking an exemption from the PUC’s Competitive Bidding Framework to negotiate an amendment to the PPA to purchase 186 MW of firm capacity, and amend the energy pricing formula in the PPA. The PUC approved the exemption in April 2013, but Hawaiian Electric and AES Hawaii were not able to reach agreement on an amendment. In June 2015, AES Hawaii filed an arbitration demand regarding a dispute about whether Hawaiian Electric was obligated to buy up to 9 MW of additional capacity based on a 1992 letter. Hawaiian Electric responded to the arbitration demand and, in October 2015, AES Hawaii and Hawaiian Electric entered into a Settlement Agreement to stay the arbitration proceeding. The Settlement Agreement includes certain conditions precedent which, if satisfied, will release the parties from the claims under the arbitration proceeding. Among the conditions precedent is the successful negotiation of an amendment to the existing purchase power agreement and PUC approval of such amendment. On November 13, 2015, Hawaiian Electric entered into Amendment No. 3 to the AES Hawaii PPA, subject to PUC approval. Amendment No. 3 provides more favorable pricing for the additional 9 MW than the existing pricing, the benefit of which will be passed on to customers, and among other things, provides (1) for an increase in firm capacity of up to 9 MW (the Additional Capacity) above the 180 MW capacity of the AES Hawaii facility, subject to a demonstration of such increased available capacity, (2) for the payment for the Additional Capacity to include a Priority Peak Capacity Charge, a Non-Peak Capacity Charge, a Priority Peak Energy Charge and a Non-Peak Energy Charge and (3) that AES will make certain operational commitments to improve reliability, and Hawaiian Electric will pay a reliability bonus according to a schedule for reduced Full Plant Trips. On January 22, 2016, Amendment No. 3 was filed with the PUC for approval. If such approval is obtained, the final condition to the Settlement Agreement’s release of the parties from the arbitration claims will be satisfied. The arbitration proceeding has been stayed to allow the PUC approval proceeding to proceed. Liquefied natural gas . On May 18, 2016, Hawaiian Electric and Fortis Hawaii Energy Inc. (Fortis Hawaii), an affiliate of Fortis, Inc. (Fortis), entered into a Fuel Supply Agreement (FSA) whereby Fortis Hawaii intended to sell to Hawaiian Electric liquefied natural gas (LNG) to be produced from the LNG facilities on Tilbury Island in Delta, British Columbia, Canada. Pursuant to the FSA, Fortis Hawaii had arranged, or planned to arrange, for the transportation of gas for delivery to, and liquefaction at, the Tilbury LNG facilities, including with respect to the transport and delivery of LNG across a jetty at such facilities, for the purchase and storage of LNG at such LNG facilities and for the transportation of LNG to delivery points in Hawaii for the benefit of Hawaiian Electric and its subsidiaries. The FSA was subject to approval by the PUC and to the satisfaction of certain conditions precedent, including the consummation of the merger between HEI and NEE. On July 16, 2016, pursuant to the terms of the Merger Agreement, NEE terminated the Merger Agreement. Accordingly, on July 19, 2016, Hawaiian Electric provided notice of termination of the FSA to Fortis Hawaii, effective immediately, and withdrew the application for PUC approval of the FSA, which included a request for approval to commit approximately $341 million to convert existing generating units to use natural gas, and to commit approximately $117 million for containers to support LNG. In addition, on July 19, 2016, Hawaiian Electric withdrew its applications to the PUC for a waiver from the competitive bidding process to allow Hawaiian Electric to construct a modern, efficient, combined cycle generation system at the Kahe power plant that would utilize LNG and to commit $859 million for such project. Hawaiian Electric will continue to evaluate all options to modernize generation using a cleaner fuel to bring price stability and support adding renewable energy for its customers. Utility projects . Many public utility projects require PUC approval and various permits from other governmental agencies. Difficulties in obtaining, or the inability to obtain, the necessary approvals or permits can result in significantly increased project costs or even cancellation of projects. In the event a project does not proceed, or if it becomes probable the PUC will disallow cost recovery for all or part of a project, project costs may need to be written off in amounts that could result in significant reductions in Hawaiian Electric’s consolidated net income. Renewable energy project matters. In February 2012, the PUC granted Hawaiian Electric’s request for deferred accounting treatment for the inter-island project support costs. The amount of the deferred costs was limited to $5.89 million . Through December 31, 2013, Hawaiian Electric deferred $3.1 million related to outside contractor service costs incurred with the Oahu 200 MW RFP, and began amortizing such costs over 3 years beginning in July 2014. In May 2012, the PUC instituted a proceeding for a competitive bidding process for up to 50 MW of firm renewable geothermal dispatchable energy (Geothermal RFP) on the island of Hawaii, and in July 2012, Hawaii Electric Light filed an application to defer 2012 costs related to the Geothermal RFP. In November 2015, the PUC approved the deferral of $2.1 million of costs related to the Geothermal RFP, and will review the prudency and reasonableness of the deferred costs in the Hawaii Electric Light 2016 test year rate case. In February 2013, Hawaii Electric Light issued the Final Geothermal RFP. Six bids were received, but Hawaii Electric Light notified bidders that none of the submitted bids sufficiently met both the low-cost and technical requirements of the Geothermal RFP. In October 2014, Hawaii Electric Light issued Addendum No. 1 (Best and Final Offer) and Attachment A (Best and Final Offer Bidder's Response Package) directly to five eligible bidders. The submittals received in January 2015 were considered for final selection of one project to proceed with PPA negotiations. In February 2015, Ormat Technologies, Inc. was selected for an award and began PPA negotiations with Hawaii Electric Light. In February 2016, Hawaii Electric Light provided the PUC with a status update notifying the PUC that Ormat Technologies, Inc. had determined the proposed project not to be economically and financially viable, resulting in conclusion of PPA negotiations. On March 8, 2016, the Independent Observer issued a report on the results of the negotiation phase of the Geothermal RFP. In February 2016, Huena Power Inc. (Huena) filed with the PUC a Petition for Declaratory Order (which the PUC later dismissed without prejudice) and a Complaint relating to the Geothermal RFP. Hawaii Electric Light filed a motion to dismiss Huena’s Petition which was granted on March 28, 2016. Hawaii Electric Light’s motion to dismiss Huena’s Complaint is still pending. Enterprise Resource Planning/Enterprise Asset Management (ERP/EAM) Implementation Project. The Utilities submitted their Enterprise Information System Roadmap to the PUC in June 2014 and refiled an application for an ERP/EAM implementation project in July 2014 with an estimated cost of $82.4 million . In October 2015, the PUC issued a D&O (1) finding that there is a need to replace the Utilities’ existing ERP/EAM system, (2) denying the Utilities request to defer the costs for the ERP software purchased in 2012 and (3) deferring any ruling on whether it is reasonable and in the public interest for the Utilities to commence with the project under two options. As a result, the Utilities expensed the ERP software costs of $4.8 million in the third quarter of 2015. In April 2016, the Utilities filed additional information on the costs and benefits of the project and the Consumer Advocate submitted its reply. On August 11, 2016, the PUC issued a second D&O approving the Utilities’ request to commence the ERP/EAM implementation project, subject to certain conditions, including a $77.6 million cap on cost recovery as well as a requirement that the Utilities pass onto customers a minimum of $244 million in savings associated with the system over its 12 -year service life. Pursuant to the D&O and subsequent orders, the Utilities will be required to file: the proposed methods of passing on to customers the estimated monetary savings attributable to the project by November 7, 2016; a bottom-up, low-level analysis of the project’s benefits; performance metrics and tracking mechanism for passing the project’s benefits on to customers by September 2017; and monthly reports on the status and costs of the project starting February 2017 Schofield Generating Station Project. In August 2012, the PUC approved a waiver from the competitive bidding framework to allow Hawaiian Electric to negotiate with the U.S. Army for the construction of a 50 MW utility owned and operated firm, renewable and dispatchable generation facility at Schofield Barracks. In September 2015, the PUC approved Hawaiian Electric’s application to expend $167 million for the project. In approving the project, the PUC placed a cost cap of $167 million for the project, stated 90% of the cap is allowed for cost recovery through cost recovery mechanisms other than base rates, and stated the $167 million cap will be adjusted downward due to any reduction in the cost of the engine contract due to a reduction in the foreign exchange rate. Hawaiian Electric was required to take all necessary steps to lock in the lowest possible exchange rate. On January 5, 2016, Hawaiian Electric executed a window forward agreement which lowered the cost of the engine contract by $9.7 million , resulting in a revised project cost cap of $157.3 million . Hawaiian Electric has received all of the major permits for the project, including a 35 year site lease from the U.S. Army. Construction of the facility began in October 2016. The generating station is expected to be placed in service in the first quarter of 2018. Hamakua Energy Partners, L.P. (HEP) Asset Purchase Agreement. Hawaii Electric Light has been purchasing up to 60 MW (net) of firm capacity from HEP under a power purchase agreement (PPA) that expires on December 30, 2030. The HEP plant currently contributes about 23% of the island of Hawaii’s generating capacity. On December 22, 2015, Hawaii Electric Light entered into an agreement, subject to PUC approval, to acquire the assets of HEP for approximately $84.5 million . If approved by the PUC, the agreement to purchase the existing HEP generating assets will terminate the existing PPA. The elimination of certain required capacity payments under the PPA is expected to result in lower costs to customers. Additionally, by owning the plant, Hawaii Electric Light will be able to manage HEP’s efficient generating units more productively, providing greater flexibility to cycle HEP’s generating units to more effectively manage the Hawaii island grid. This increased operational flexibility will be essential to support and facilitate Hawaii Electric Light’s efforts to integrate more renewable energy onto the grid. An application to approve the project has been filed with the PUC. Environmental regulation . The Utilities are subject to environmental laws and regulations that regulate the operation of existing facilities, the construction and operation of new facilities and the proper cleanup and disposal of hazardous waste and toxic substances. In recent years, legislative, regulatory and governmental activities related to the environment, including proposals and rulemaking under the Clean Air Act and Clean Water Act (CWA), have increased significantly and management anticipates that such activity will continue. Hawaiian Electric, Hawaii Electric Light and Maui Electric, like other utilities, periodically encounter petroleum or other chemical releases into the environment associated with current or previous operations. The Utilities report and take action on these releases when and as required by applicable law and regulations. The Utilities believe the costs of responding to such releases identified to date will not have a material adverse effect, individually or in the aggregate, on Hawaiian Electric’s consolidated results of operations, financial condition or liquidity. Clean Water Act Section 316(b). On August 14, 2014, the EPA published in the Federal Register the final regulations required by section 316(b) of the CWA designed to protect aquatic organisms from adverse impacts associated with existing power plant cooling water intake structures. The regulations were effective October 14, 2014 and apply to the cooling water systems for the steam generating units at Hawaiian Electric’s power plants on the island of Oahu. The regulations prescribe a process, including a number of required site-specific studies, for states to develop facility-specific entrainment and impingement controls to be incorporated in each facility’s National Pollutant Discharge Elimination System permit. In the case of Hawaiian Electric’s power plants, there are a number of studies that have yet to be completed before Hawaiian Electric and the State of Hawaii Department of Health (DOH) can determine what entrainment or impingement controls, if any, might be necessary at the affected facilities to comply with the new 316(b) rule. Mercury Air Toxics Standards. On February 16, 2012, EPA published the final rule establishing the National Emission Standards for Hazardous Air Pollutants for fossil-fuel fired steam electrical generating units (EGUs) in the Federal Register. The final rule, known as the Mercury and Air Toxics Standards (MATS), applies to the 14 EGUs at Hawaiian Electric’s power plants. MATS established the Maximum Achievable Control Technology standards for the control of hazardous air pollutants emissions from new and existing EGUs. Hawaiian Electric received a one -year extension to comply by April 16, 2016. Hawaiian Electric initially selected a MATS compliance strategy based on switching to lower emission fuels, but has since continued developing and refining its emission control strategy. Hawaiian Electric’s liquid oil-fired steam generating units that are subject to the MATS limits are able to comply with the new standards without a significant fuel switch in combination with a suite of operational changes. On April 16, 2012, Hawaiian Electric submitted to the EPA a Petition for Reconsideration and Stay (Petition) that asked the EPA to revise an emissions standard for non-continental oil-fired EGUs on the grounds that the promulgated standard was incorrectly derived. On April 21, 2015, the EPA denied Hawaiian Electric's Petition and Hawaiian Electric subsequently filed a lawsuit on June 29, 2015 appealing the EPA’s denial. On April 4, 2016, the D.C. Circuit Court of Appeals granted Hawaiian Electric’s uncontested motion to dismiss the case. Hawaiian Electric has proceeded with the implementation of the MATS Compliance Plan and has met all compliance requirements to date including the April 16, 2016 compliance date. Hawaiian Electric submitted a formal compliance demonstration report to the EPA and DOH on September 23, 2016. 1-Hour Sulfur Dioxide National Ambient Air Quality Standard. On August 1, 2015, the EPA published the Data Requirements Rule for the 2010 1-Hour Sulfur Dioxide (SO 2) Primary National Ambient Air Quality Standard (NAAQS). Hawaiian Electric is working with the DOH to gather data the EPA requires through the installation and operation of two new 1-hour SO 2 air quality monitoring stations on the island of Oahu. This data will be integrated into the DOH’s statewide monitoring network and will assist the State’s development of its strategy to maintain the NAAQS and comply with the new 1-Hour SO 2 Rule in its State Implementation Plan. Potential Clean Air Act Enforcement. On July 1, 2013, Hawaii Electric Light and Maui Electric (the Utilities) received a letter from the U.S. Department of Justice (DOJ) alleging potential violations of the

Bank segment

Bank segment	9 Months Ended
	Sep. 30, 2016
Bank subsidiary
Bank segment	Bank segment Selected financial information American Savings Bank, F.S.B. Statements of Income Data Three months ended September 30 Nine months ended September 30 (in thousands) 2016 2015 2016 2015 Interest and dividend income Interest and fees on loans $ 50,444 $ 46,413 $ 148,571 $ 137,646 Interest and dividends on investment securities 4,759 4,213 14,219 10,570 Total interest and dividend income 55,203 50,626 162,790 148,216 Interest expense Interest on deposit liabilities 1,871 1,355 5,154 3,881 Interest on other borrowings 1,464 1,515 4,416 4,468 Total interest expense 3,335 2,870 9,570 8,349 Net interest income 51,868 47,756 153,220 139,867 Provision for loan losses 5,747 2,997 15,266 5,436 Net interest income after provision for loan losses 46,121 44,759 137,954 134,431 Noninterest income Fees from other financial services 5,599 5,639 16,799 16,544 Fee income on deposit liabilities 5,627 5,883 16,045 16,622 Fee income on other financial products 2,151 2,096 6,563 6,088 Bank-owned life insurance 1,616 1,021 3,620 3,062 Mortgage banking income 2,347 1,437 5,096 5,327 Gains on sale of investment securities, net — — 598 — Other income, net 1,165 2,389 1,786 3,363 Total noninterest income 18,505 18,465 50,507 51,006 Noninterest expense Compensation and employee benefits 22,844 22,728 67,197 66,813 Occupancy 3,991 4,128 12,244 12,250 Data processing 3,150 3,032 9,599 9,101 Services 2,427 2,556 8,093 7,730 Equipment 1,759 1,608 5,193 4,999 Office supplies, printing and postage 1,483 1,511 4,431 4,297 Marketing 747 934 2,507 2,619 FDIC insurance 907 809 2,704 2,393 Other expense 4,591 5,116 13,948 14,076 Total noninterest expense 41,899 42,422 125,916 124,278 Income before income taxes 22,727 20,802 62,545 61,159 Income taxes 7,623 7,351 21,483 21,382 Net income $ 15,104 $ 13,451 $ 41,062 $ 39,777 American Savings Bank, F.S.B. Statements of Comprehensive Income Data Three months ended September 30 Nine months ended September 30 (in thousands) 2016 2015 2016 2015 Net income $ 15,104 $ 13,451 $ 41,062 $ 39,777 Other comprehensive income (loss), net of taxes: Net unrealized gains (losses) on available-for-sale investment securities: Net unrealized gains (losses) on available-for-sale investment securities arising during the period, net of (taxes) benefits of $1,417, $(2,543), $(5,413) and $(2,382) for the respective periods (2,147 ) 3,851 8,197 3,608 Less: reclassification adjustment for net realized gains included in net income, net of taxes of nil, nil, $238 and nil for the respective periods — — (360 ) — Retirement benefit plans: Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $144, $249, $421 and $763 for the respective periods 219 376 638 1,155 Other comprehensive income (loss), net of taxes (1,928 ) 4,227 8,475 4,763 Comprehensive income $ 13,176 $ 17,678 $ 49,537 $ 44,540 American Savings Bank, F.S.B. Balance Sheets Data (in thousands) September 30, 2016 December 31, 2015 Assets Cash and due from banks $ 109,591 $ 127,201 Interest-bearing deposits 103,989 93,680 Available-for-sale investment securities, at fair value 996,984 820,648 Stock in Federal Home Loan Bank, at cost 11,218 10,678 Loans receivable held for investment 4,734,638 4,615,819 Allowance for loan losses (58,737 ) (50,038 ) Net loans 4,675,901 4,565,781 Loans held for sale, at lower of cost or fair value 26,743 4,631 Other 330,054 309,946 Goodwill 82,190 82,190 Total assets $ 6,336,670 $ 6,014,755 Liabilities and shareholder’s equity Deposit liabilities—noninterest-bearing $ 1,570,613 $ 1,520,374 Deposit liabilities—interest-bearing 3,810,108 3,504,880 Other borrowings 265,388 328,582 Other 106,396 101,029 Total liabilities 5,752,505 5,454,865 Commitments and contingencies Common stock 1 1 Additional paid in capital 342,234 340,496 Retained earnings 250,726 236,664 Accumulated other comprehensive loss, net of tax benefits Net unrealized gains (losses) on securities $ 5,965 $ (1,872 ) Retirement benefit plans (14,761 ) (8,796 ) (15,399 ) (17,271 ) Total shareholder’s equity 584,165 559,890 Total liabilities and shareholder’s equity $ 6,336,670 $ 6,014,755 Other assets Bank-owned life insurance $ 141,262 $ 138,139 Premises and equipment, net 91,354 88,077 Prepaid expenses 4,072 3,550 Accrued interest receivable 15,489 15,192 Mortgage-servicing rights 9,191 8,884 Low-income housing equity investments 48,474 37,793 Real estate acquired in settlement of loans, net 219 1,030 Other 19,993 17,281 $ 330,054 $ 309,946 Other liabilities Accrued expenses $ 37,671 $ 30,705 Federal and state income taxes payable 13,971 13,448 Cashier’s checks 24,923 21,768 Advance payments by borrowers 5,531 10,311 Other 24,300 24,797 $ 106,396 $ 101,029 Bank-owned life insurance is life insurance purchased by ASB on the lives of certain key employees, with ASB as the beneficiary. The insurance is used to fund employee benefits through tax-free income from increases in the cash value of the policies and insurance proceeds paid to ASB upon an insured’s death. Other borrowings consisted of securities sold under agreements to repurchase and advances from the Federal Home Loan Bank (FHLB) of $165 million and $100 million , respectively, as of September 30, 2016 and $229 million and $100 million , respectively, as of December 31, 2015 . Available-for-sale investment securities. The major components of investment securities were as follows: Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Gross unrealized losses Less than 12 months 12 months or longer (dollars in thousands) Number of issues Fair value Amount Number of issues Fair value Amount September 30, 2016 Available-for-sale U.S. Treasury and federal agency obligations $ 186,287 $ 3,125 $ (40 ) $ 189,372 1 $ 9,988 $ (12 ) 1 $ 3,834 $ (28 ) Mortgage-related securities- FNMA, FHLMC and GNMA 800,794 7,782 (964 ) 807,612 18 134,687 (323 ) 13 51,458 (641 ) $ 987,081 $ 10,907 $ (1,004 ) $ 996,984 19 $ 144,675 $ (335 ) 14 $ 55,292 $ (669 ) December 31, 2015 Available-for-sale U.S. Treasury and federal agency obligations $ 213,234 $ 1,025 $ (1,300 ) $ 212,959 13 $ 83,053 $ (866 ) 3 $ 17,378 $ (434 ) Mortgage-related securities- FNMA, FHLMC and GNMA 610,522 3,564 (6,397 ) 607,689 38 305,785 (2,866 ) 25 125,817 (3,531 ) $ 823,756 $ 4,589 $ (7,697 ) $ 820,648 51 $ 388,838 $ (3,732 ) 28 $ 143,195 $ (3,965 ) ASB does not believe that the investment securities that were in an unrealized loss position at September 30, 2016 , represent an other-than-temporary impairment. Total gross unrealized losses were primarily attributable to rising interest rates relative to when the investment securities were purchased and not due to the credit quality of the investment securities. The contractual cash flows of the investment securities are backed by the full faith and credit guaranty of the United States government or an agency of the government. ASB does not intend to sell the securities before the recovery of its amortized cost basis and there have been no adverse changes in the timing of the contractual cash flows for the securities. ASB did not recognize OTTI for the quarters ended September 30, 2016 and 2015. U.S. Treasury and federal agency obligations have contractual terms to maturity. Mortgage-related securities have contractual terms to maturity, but require periodic payments to reduce principal. In addition, expected maturities will differ from contractual maturities because borrowers have the right to prepay the underlying mortgages. The contractual maturities of available-for-sale investment securities were as follows: September 30, 2016 Amortized cost Fair value (in thousands) Due in one year or less $ — $ — Due after one year through five years 87,165 88,754 Due after five years through ten years 78,222 79,534 Due after ten years 20,900 21,084 186,287 189,372 Mortgage-related securities-FNMA,FHLMC and GNMA 800,794 807,612 Total available-for-sale securities $ 987,081 $ 996,984 Allowance for loan losses. The allowance for loan losses (balances and changes) and financing receivables were as follows: (in thousands) Residential 1-4 family Commercial real estate Home Residential land Commercial construction Residential construction Commercial loans Consumer loans Unallo-cated Total Three months ended September 30, 2016 Allowance for loan losses: Beginning balance $ 4,384 $ 13,561 $ 7,836 $ 1,689 $ 6,993 $ 12 $ 17,085 $ 3,771 $ — $ 55,331 Charge-offs (373 ) — (108 ) — — — (833 ) (1,879 ) — (3,193 ) Recoveries 92 — 15 187 — — 347 211 — 852 Provision 154 1,289 (248 ) 23 179 (2 ) 2,457 1,895 — 5,747 Ending balance $ 4,257 $ 14,850 $ 7,495 $ 1,899 $ 7,172 $ 10 $ 19,056 $ 3,998 $ — $ 58,737 Three months ended September 30, 2015 Allowance for loan losses: Beginning balance $ 4,291 $ 10,420 $ 6,613 $ 2,103 $ 2,575 $ 18 $ 17,469 $ 2,876 $ — $ 46,365 Charge-offs (138 ) — (185 ) — — — (126 ) (1,271 ) — (1,720 ) Recoveries 45 — 33 34 — — 279 241 — 632 Provision 285 987 446 (73 ) 944 (5 ) (920 ) 1,333 — 2,997 Ending balance $ 4,483 $ 11,407 $ 6,907 $ 2,064 $ 3,519 $ 13 $ 16,702 $ 3,179 $ — $ 48,274 Nine months ended September 30, 2016 Allowance for loan losses: Beginning balance $ 4,186 $ 11,342 $ 7,260 $ 1,671 $ 4,461 $ 13 $ 17,208 $ 3,897 $ — $ 50,038 Charge-offs (433 ) — (108 ) — — — (3,138 ) (4,977 ) — (8,656 ) Recoveries 144 — 46 306 — — 907 686 — 2,089 Provision 360 3,508 297 (78 ) 2,711 (3 ) 4,079 4,392 — 15,266 Ending balance $ 4,257 $ 14,850 $ 7,495 $ 1,899 $ 7,172 $ 10 $ 19,056 $ 3,998 $ — $ 58,737 September 30, 2016 Ending balance: individually evaluated for impairment $ 1,625 $ 161 $ 1,040 $ 951 $ — $ — $ 4,734 $ 2 $ 8,513 Ending balance: collectively evaluated for impairment $ 2,632 $ 14,689 $ 6,455 $ 948 $ 7,172 $ 10 $ 14,322 $ 3,996 $ — $ 50,224 Financing Receivables: Ending balance $ 2,054,460 $ 774,349 $ 859,952 $ 19,666 $ 140,758 $ 15,073 $ 717,450 $ 158,065 $ 4,739,773 Ending balance: individually evaluated for impairment $ 21,566 $ 3,762 $ 5,886 $ 4,428 $ — $ — $ 28,685 $ 11 $ 64,338 Ending balance: collectively evaluated for impairment $ 2,032,894 $ 770,587 $ 854,066 $ 15,238 $ 140,758 $ 15,073 $ 688,765 $ 158,054 $ 4,675,435 Nine months ended September 30, 2015 Allowance for loan losses: Beginning balance $ 4,662 $ 8,954 $ 6,982 $ 1,875 $ 5,471 $ 28 $ 14,017 $ 3,629 $ — $ 45,618 Charge-offs (352 ) — (205 ) — — — (928 ) (3,196 ) — (4,681 ) Recoveries 112 — 72 219 — — 726 772 — 1,901 Provision 61 2,453 58 (30 ) (1,952 ) (15 ) 2,887 1,974 — 5,436 Ending balance $ 4,483 $ 11,407 $ 6,907 $ 2,064 $ 3,519 $ 13 $ 16,702 $ 3,179 $ — $ 48,274 December 31, 2015 Ending balance: individually evaluated for impairment $ 1,453 $ — $ 442 $ 891 $ — $ — $ 3,527 $ 7 $ 6,320 Ending balance: collectively evaluated for impairment $ 2,733 $ 11,342 $ 6,818 $ 780 $ 4,461 $ 13 $ 13,681 $ 3,890 $ — $ 43,718 Financing Receivables: Ending balance $ 2,069,665 $ 690,561 $ 846,294 $ 18,229 $ 100,796 $ 14,089 $ 758,659 $ 123,775 $ 4,622,068 Ending balance: individually evaluated for impairment $ 22,457 $ 1,188 $ 3,225 $ 5,683 $ — $ — $ 21,119 $ 13 $ 53,685 Ending balance: collectively evaluated for impairment $ 2,047,208 $ 689,373 $ 843,069 $ 12,546 $ 100,796 $ 14,089 $ 737,540 $ 123,762 $ 4,568,383 Credit quality . ASB performs an internal loan review and grading on an ongoing basis. The review provides management with periodic information as to the quality of the loan portfolio and effectiveness of its lending policies and procedures. The objectives of the loan review and grading procedures are to identify, in a timely manner, existing or emerging credit trends so that appropriate steps can be initiated to manage risk and avoid or minimize future losses. Loans subject to grading include commercial, commercial real estate and commercial construction loans. Each loan is assigned an Asset Quality Rating (AQR) reflecting the likelihood of repayment or orderly liquidation of that loan transaction pursuant to regulatory credit classifications: Pass, Special Mention, Substandard, Doubtful and Loss. The AQR is a function of the probability of default model rating, the loss given default and possible non-model factors which impact the ultimate collectability of the loan such as character of the business owner/guarantor, interim period performance, litigation, tax liens and major changes in business and economic conditions. Pass exposures generally are well protected by the current net worth and paying capacity of the obligor or by the value of the asset or underlying collateral. Special Mention loans have potential weaknesses that, if left uncorrected, could jeopardize the liquidation of the debt. Substandard loans have well-defined weaknesses that jeopardize the liquidation of the debt and are characterized by the distinct possibility that the Bank may sustain some loss. An asset classified Doubtful has the weaknesses of those classified Substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The credit risk profile by internally assigned grade for loans was as follows: September 30, 2016 December 31, 2015 (in thousands) Commercial real estate Commercial construction Commercial Commercial real estate Commercial construction Commercial Grade: Pass $ 681,712 $ 114,325 $ 643,547 $ 642,410 $ 86,991 $ 703,208 Special mention 58,411 — 17,654 7,710 13,805 7,029 Substandard 34,226 26,433 54,156 40,441 — 47,975 Doubtful — — 2,093 — — 447 Loss — — — — — — Total $ 774,349 $ 140,758 $ 717,450 $ 690,561 $ 100,796 $ 758,659 The credit risk profile based on payment activity for loans was as follows: (in thousands) 30-59 days past due 60-89 days past due Greater than 90 days Total past due Current Total financing receivables Recorded investment> 90 days and accruing September 30, 2016 Real estate: Residential 1-4 family $ 4,293 $ 1,626 $ 10,576 $ 16,495 $ 2,037,965 $ 2,054,460 $ — Commercial real estate — — — — 774,349 774,349 — Home equity line of credit 827 787 674 2,288 857,664 859,952 — Residential land — — 541 541 19,125 19,666 393 Commercial construction — — — — 140,758 140,758 — Residential construction — — — — 15,073 15,073 — Commercial 681 997 19 1,697 715,753 717,450 — Consumer 1,708 636 813 3,157 154,908 158,065 — Total loans $ 7,509 $ 4,046 $ 12,623 $ 24,178 $ 4,715,595 $ 4,739,773 $ 393 December 31, 2015 Real estate: Residential 1-4 family $ 4,967 $ 3,289 $ 11,503 $ 19,759 $ 2,049,906 $ 2,069,665 $ — Commercial real estate — — — — 690,561 690,561 — Home equity line of credit 896 706 477 2,079 844,215 846,294 — Residential land — — 415 415 17,814 18,229 — Commercial construction — — — — 100,796 100,796 — Residential construction — — — — 14,089 14,089 — Commercial 125 223 878 1,226 757,433 758,659 — Consumer 1,383 593 644 2,620 121,155 123,775 — Total loans $ 7,371 $ 4,811 $ 13,917 $ 26,099 $ 4,595,969 $ 4,622,068 $ — The credit risk profile based on nonaccrual loans, accruing loans 90 days or more past due and TDR loans was as follows: (in thousands) September 30, 2016 December 31, 2015 Real estate: Residential 1-4 family $ 20,929 $ 20,554 Commercial real estate 3,762 1,188 Home equity line of credit 2,404 2,254 Residential land 776 970 Commercial construction — — Residential construction — — Commercial 23,588 20,174 Consumer 1,157 895 Total nonaccrual loans $ 52,616 $ 46,035 Real estate: Residential 1-4 family $ — $ — Commercial real estate — — Home equity line of credit — — Residential land 393 — Commercial construction — — Residential construction — — Commercial — — Consumer — — Total accruing loans 90 days or more past due $ 393 $ — Real estate: Residential 1-4 family $ 13,308 $ 13,962 Commercial real estate — — Home equity line of credit 4,501 2,467 Residential land 3,258 4,713 Commercial construction — — Residential construction — — Commercial 4,673 1,104 Consumer — — Total troubled debt restructured loans not included above $ 25,740 $ 22,246 The total carrying amount and the total unpaid principal balance of impaired loans were as follows: September 30, 2016 Three months ended September 30, 2016 Nine months ended September 30, 2016 (in thousands) Recorded investment Unpaid principal balance Related Allowance Average recorded investment Interest income recognized* Average recorded investment Interest income recognized* With no related allowance recorded Real estate: Residential 1-4 family $ 10,137 $ 11,473 $ — $ 10,069 $ 65 $ 10,378 $ 268 Commercial real estate 1,351 1,645 — 1,206 — 1,177 — Home equity line of credit 1,300 1,695 — 1,220 6 1,035 15 Residential land 1,608 2,304 — 1,521 16 1,532 47 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 6,624 7,637 — 14,352 141 9,240 154 Consumer — — — 10 — 3 — $ 21,020 $ 24,754 $ — $ 28,378 $ 228 $ 23,365 $ 484 With an allowance recorded Real estate: Residential 1-4 family $ 11,429 $ 11,632 $ 1,625 $ 11,800 $ 119 $ 11,933 $ 356 Commercial real estate 2,411 2,482 161 2,444 — 1,939 — Home equity line of credit 4,587 4,657 1,040 4,165 36 3,470 91 Residential land 2,819 2,819 951 2,915 44 3,090 165 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 22,061 22,434 4,734 11,433 65 15,075 275 Consumer 11 11 2 11 — 12 — $ 43,318 $ 44,035 $ 8,513 $ 32,768 $ 264 $ 35,519 $ 887 Total Real estate: Residential 1-4 family $ 21,566 $ 23,105 $ 1,625 $ 21,869 $ 184 $ 22,311 $ 624 Commercial real estate 3,762 4,127 161 3,650 — 3,116 — Home equity line of credit 5,887 6,352 1,040 5,385 42 4,505 106 Residential land 4,427 5,123 951 4,436 60 4,622 212 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 28,685 30,071 4,734 25,785 206 24,315 429 Consumer 11 11 2 21 — 15 — $ 64,338 $ 68,789 $ 8,513 $ 61,146 $ 492 $ 58,884 $ 1,371 December 31, 2015 Three months ended September 30, 2015 Nine months ended September 30, 2015 (in thousands) Recorded investment Unpaid principal balance Related allowance Average recorded investment Interest income recognized* Average recorded investment Interest income recognized* With no related allowance recorded Real estate: Residential 1-4 family $ 10,596 $ 11,805 $ — $ 11,159 $ 119 $ 11,301 $ 274 Commercial real estate 1,188 1,436 — — 74 362 74 Home equity line of credit 707 948 — 498 1 444 3 Residential land 1,644 2,412 — 2,280 29 2,647 125 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 5,671 6,333 — 4,250 3 5,659 144 Consumer — — — — — — — $ 19,806 $ 22,934 $ — $ 18,187 $ 226 $ 20,413 $ 620 With an allowance recorded Real estate: Residential 1-4 family $ 11,861 $ 11,914 $ 1,453 $ 11,451 $ 174 $ 11,585 $ 430 Commercial real estate — — — — — 1,985 — Home equity line of credit 2,518 2,579 442 2,048 13 1,295 27 Residential land 4,039 4,117 891 3,971 74 4,435 241 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 15,448 16,073 3,527 18,487 106 10,942 192 Consumer 13 13 7 14 — 15 — $ 33,879 $ 34,696 $ 6,320 $ 35,971 $ 367 $ 30,257 $ 890 Total Real estate: Residential 1-4 family $ 22,457 $ 23,719 $ 1,453 $ 22,610 $ 293 $ 22,886 $ 704 Commercial real estate 1,188 1,436 — — 74 2,347 74 Home equity line of credit 3,225 3,527 442 2,546 14 1,739 30 Residential land 5,683 6,529 891 6,251 103 7,082 366 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 21,119 22,406 3,527 22,737 109 16,601 336 Consumer 13 13 7 14 — 15 — $ 53,685 $ 57,630 $ 6,320 $ 54,158 $ 593 $ 50,670 $ 1,510 * Since loan was classified as impaired. Troubled debt restructurings. A loan modification is deemed to be a troubled debt restructuring (TDR) when ASB grants a concession it would not otherwise consider were it not for the borrower’s financial difficulty. When a borrower experiencing financial difficulty fails to make a required payment on a loan or is in imminent default, ASB takes a number of steps to improve the collectability of the loan and maximize the likelihood of full repayment. At times, ASB may modify or restructure a loan to help a distressed borrower improve its financial position to eventually be able to fully repay the loan, provided the borrower has demonstrated both the willingness and the ability to fulfill the modified terms. TDR loans are considered an alternative to foreclosure or liquidation with the goal of minimizing losses to ASB and maximizing recovery. ASB may consider various types of concessions in granting a TDR including maturity date extensions, extended amortization of principal, temporary deferral of principal payments and temporary interest rate reductions. ASB rarely grants principal forgiveness in its TDR modifications. Residential loan modifications generally involve interest rate reduction, extending the amortization period, or capitalizing certain delinquent amounts owed not to exceed the original loan balance. Land loans at origination are typically structured as a three -year term, interest-only monthly payment with a balloon payment due at maturity. Land loan TDR modifications typically involve extending the maturity date up to five years and converting the payments from interest-only to principal and interest monthly, at the same or higher interest rate. Commercial loan modifications generally involve extensions of maturity dates, extending the amortization period and temporary deferral or reduction of principal payments. ASB generally does not reduce the interest rate on commercial loan TDR modifications. Occasionally, additional collateral and/or guaranties are obtained. All TDR loans are classified as impaired and are segregated and reviewed separately when assessing the adequacy of the allowance for loan losses based on the appropriate method of measuring impairment: (1) present value of expected future cash flows discounted at the loan’s effective original contractual rate, (2) fair value of collateral less cost to sell or (3) observable market price. The financial impact of the calculated impairment amount is an increase to the allowance associated with the modified loan. When available information confirms that specific loans or portions thereof are uncollectible (confirmed losses), these amounts are charged off against the allowance for loan losses. Loan modifications that occurred and the impact on the allowance for loan losses were as follows: Three months ended September 30, 2016 Nine months ended September 30, 2016 Number of contracts Outstanding recorded investment 1 Net increase in allowance Number of contracts Outstanding recorded investment 1 Net increase in allowance (dollars in thousands) Pre-modification Post-modification (as of period end) Pre-modification Post-modification (as of period end) Troubled debt restructurings Real estate: Residential 1-4 family 2 $ 251 $ 251 $ 46 11 $ 2,239 $ 2,351 $ 305 Commercial real estate — — — — — — — — Home equity line of credit 12 1,268 1,268 237 30 2,705 2,705 492 Residential land — — — — 1 120 121 — Commercial construction — — — — — — — — Residential construction — — — — — — — — Commercial 6 3,462 3,462 53 14 20,119 20,119 723 Consumer — — — — — — — — 20 $ 4,981 $ 4,981 $ 336 56 $ 25,183 $ 25,296 $ 1,520 Three months ended September 30, 2015 Nine months ended September 30, 2015 Number of contracts Outstanding recorded 1 Net increase in allowance Number of contracts Outstanding recorded 1 Net increase in allowance (dollars in thousands) Pre-modification Post-modification (as of period end) Pre-modification Post-modification (as of period end) Troubled debt restructurings Real estate: Residential 1-4 family 3 $ 860 $ 866 $ 1 10 $ 2,055 $ 2,079 $ 48 Commercial real estate — — — — — — — — Home equity line of credit 10 943 943 140 32 2,062 2,062 300 Residential land — — — — — — — — Commercial construction — — — — — — — — Residential construction — — — — — — — — Commercial 2 1,208 1,208 16 6 1,461 1,461 94 Consumer — — — — — — — — 15 $ 3,011 $ 3,017 $ 157 48 $ 5,578 $ 5,602 $ 442 1 The reported balances include loans that became TDR during the period, and were fully paid-off, charged-off, or sold prior to period end. Loans modified in TDRs that experienced a payment default of 90 days or more in the indicated periods, and for which the payment of default occurred within one year of the modification, were as follows: Three months ended September 30, 2016 Nine months ended September 30, 2016 (dollars in thousands) Number of contracts Recorded investment Number of contracts Recorded investment Troubled debt restructurings that subsequently defaulted Real estate: Residential 1-4 family 1 $ 239 1 $ 239 Commercial real estate — — — — Home equity line of credit — — — — Residential land — — — — Commercial construction — — — — Residential construction — — — — Commercial — — 1 25 Consumer — — — — 1 $ 239 2 $ 264 Three months ended September 30, 2015 Nine months ended September 30, 2015 (dollars in thousands) Number of contracts Recorded investment Number of contracts Recorded investment Troubled debt restructurings that subsequently defaulted Real estate: Residential 1-4 family — $ — — $ — Commercial real estate — — — — Home equity line of credit 1 7 1 7 Residential land — — — — Commercial construction — — — — Residential construction — — — — Commercial — — — — Consumer — — — — 1 $ 7 1 $ 7 If loans modified in a TDR subsequently default, ASB evaluates the loan for further impairment. Based on its evaluation, adjustments may be made in the allocation of the allowance or partial charge-offs may be taken to further write-down the carrying value of the loan. Commitments to lend additional funds to borrowers whose loan terms have been modified in a TDR totaled $2.5 million at September 30, 2016 . Mortgage servicing rights . In its mortgage banking business, ASB sells residential mortgage loans to government-sponsored entities and other parties, who may issue securities backed by pools of such loans. ASB retains no beneficial interests in these loans other than the servicing rights of certain loans sold. ASB received proceeds from the sale of residential mortgages of $70.0 million and $58.2 million for the three months ended September 30, 2016 and 2015 and $168.5 million and $231.5 million for the nine months ended September 30, 2016 and 2015, respectively, and recognized gains on such sales of $2.4 million and $1.4 million for the three months ended September 30, 2016 and 2015 and $5.1 million and $5.3 million for the nine months ended September 30, 2016 and 2015 respectively. There were no repurchased mortgage loans for the three months ended September 30, 2016 and 2015 and nine months ended September 30, 2016 and 2015. The repurchase reserve was $0.1 million and $0.1 million as of September 30, 2016 and 2015, respectively. Mortgage servicing fees, a component of other income, net, were $0.7 million and $0.9 million for the three months ended September 30, 2016 and 2015 and $2.1 million and $2.7 million for the nine months ended September 30, 2016 and 2015, respectively. Changes in the carrying value of mortgage servicing rights were as follows: (in thousands) Gross 1 Accumulated amortization 1 Valuation allowance Net September 30, 2016 $ 16,475 $ (7,284 ) $ — $ 9,191 December 31, 2015 14,531 (5,647 ) — 8,884 1 Reflects the impact of loans paid in full. Changes related to mortgage servicing rights were as follows: (in thousands) 2016 2015 Mortgage servicing rights Balance, January 1 $ 8,884 $ 11,749 Amount capitalized 1,944 2,636 Amortization (1,637 ) (2,123 ) Other-than-temporary impairment — (4 ) Carrying amount before valuation allowance, September 30 9,191 12,258 Valuation allowance for mortgage servicing rights Balance, January 1 — 209 Provision (recovery) — (205 ) Other-than-temporary impairment — (4 ) Balance, September 30 — — Net carrying value of mortgage servicing rights $ 9,191 $ 12,258 ASB capitalizes mortgage servicing rights acquired through either the purchase or origination of mortgage loans for sale with servicing rights retained. On a monthly basis, ASB compares the net carrying value of the mortgage servicing rights to its fair value to determine if there are any changes to the valuation allowance and/or other-than-temporary impairment for the mortgage servicing rights. ASB’s MSRs are stratified based on predominant risk characteristics of the underlying loans including loan type such as fixed-rate 15 and 30 year mortgages and note rate in bands of 50 to 100 basis points. For each stratum, fair value is calculated by discounting expected net income streams using discount rates that reflect industry pricing for similar assets. Changes in mortgage interest rates impact the value of ASB’s mortgage servicing rights. Rising interest rates typically result in slower prepayment speeds in the loans being serviced for others, which increases the value of mortgage servicing rights, whereas declining interest rates typically result in faster prepayment speeds which decrease the value of mortgage servicing rights and increase the amortization of the mortgage servicing rights. Expected net income streams are estimated based on industry assumptions regarding prepayment expectations and income and expenses associated with servicing residential mortgage loans for others. ASB uses a present value cash flow model using techniques described above to estimate the fair value of MSRs. Impairment is recognized through a valuation allowance for each stratum when the carrying amount exceeds fair value, with any associated provision recorded as a component of loan servicing fees included in other income, net in the consolidated statements of income. A direct write-down is recorded when the recoverability of the valuation allowance is deemed to be unrecoverable. Key assumptions used in estimating the fair value of ASB’s mortgage servicing rights used in the impairment analysis were as follows: (dollars in thousands) September 30, 2016 December 31, 2015 Unpaid principal balance $ 1,160,266 $ 1,097,314 Weighted average note rate 4.00 % 4.05 % Weighted average discount rate 9.4 % 9.6 % Weighted average prepayment speed 12.4 % 9.3 % The sensitivity analysis of fair value of MSR to hypothetical adverse changes of 25 and 50 basis points in certain key assumptions was as follows: (dollars in thousands) September 30, 2016 December 31, 2015 Prepayment rate: 25 basis points adverse rate change $ (533 ) $ (561 ) 50 basis points adverse rate change (952 ) (1,104 ) Discount rate: 25 basis points adverse rate change (90 ) (111 ) 50 basis points adverse rate change (179 ) (220 ) The effect of a variation in certain assumptions on fair value is calculated without changing any other assumptions. This analysis typically cannot be extrapolated because the relationship of a change in one key assumption to the changes in the fair value of MSRs typically is not linear. Other borrowings. Securities sold under agreements to repurchase are accounted for as financing transactions and the obligations to repurchase these securities are recorded as liabilities in the balance sheet. ASB pledges investment securities as collateral for securities sold under agreements to repurchase. All such agreements are subject to master netting arrangements, which provide for conditional right of set-off in case of default by either party; however, ASB presents securities sold under agreements to repurchase on a gross basis in the balance sheet. The following tables present information about the securities sold under agreements to repurchase, including the related collateral received from or pledged to counterparties: (in millions) Gross amount of recognized liabilities Gross amount offset in the Balance Sheet Net amount of liabilities presented in the Balance Sheet Repurchase agreements September 30, 2016 $165 $— $165 December 31, 2015 229 — 229 Gross amount not offset in the Balance Sheet (in millions) Liabilities presented in the Balance Sheet Financial instruments Cash collateral pledged September 30, 2016 Financial institution $ 50 $ 53 $ — Government entities 14 16 — Commercial account holders 101 135 — Total $ 165 $ 204 $ — December 31, 2015 Financial institution $ 50 $ 56 $ — Government entities 56 61 — Commercial account holders 123 144 — Total $ 229 $ 261 $ — The securities underlying the agreements to repurchase are book-entry securities and were delivered by appropriate entry into the counterparties’ accounts or into segregated tri-party custodial accounts at the FHLB. Securities sold under agreements to repurchase are accounted for as financing transactions and the obligations to repurchase these securities are recorded as liabilities in the co

Retirement benefits

Retirement benefits	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Retirement benefits	Retirement benefits Defined benefit pension and other postretirement benefit plans information. For the first nine months of 2016 , the Company contributed $49 million ($ 48 million by the Utilities) to its pension and other postretirement benefit plans, compared to $66 million ( $65 million by the Utilities) in the first nine months of 2015 . The Company’s current estimate of contributions to its pension and other postretirement benefit plans in 2016 is $65 million ( $64 million by the Utilities, $ 1 million by HEI and nil by ASB), compared to $88 million ($ 86 million by the Utilities, $2 million by HEI and nil by ASB) in 2015 . In addition, the Company expects to pay directly $3 million ( $1 million by the Utilities) of benefits in 2016 , compared to $1 million ($ 0.4 million by the Utilities) paid in 2015 . The components of net periodic benefit cost for HEI consolidated and Hawaiian Electric consolidated were as follows: Three months ended September 30 Nine months ended September 30 Pension benefits Other benefits Pension benefits Other benefits (in thousands) 2016 2015 2016 2015 2016 2015 2016 2015 HEI consolidated Service cost $ 15,126 $ 16,577 $ 831 $ 982 $ 45,430 $ 49,683 $ 2,499 $ 2,945 Interest cost 20,396 19,229 2,417 2,254 61,154 57,731 7,254 6,757 Expected return on plan assets (24,640 ) (22,126 ) (3,064 ) (2,912 ) (73,920 ) (66,426 ) (9,207 ) (8,753 ) Amortization of net prior service loss (gain) (15 ) 1 (449 ) (448 ) (43 ) 3 (1,345 ) (1,345 ) Amortization of net actuarial loss 6,228 9,191 200 450 18,605 27,608 603 1,346 Net periodic benefit cost 17,095 22,872 (65 ) 326 51,226 68,599 (196 ) 950 Impact of PUC D&Os (4,653 ) (10,017 ) 336 (60 ) (13,464 ) (29,994 ) 1,008 (180 ) Net periodic benefit cost (adjusted for impact of PUC D&Os) $ 12,442 $ 12,855 $ 271 $ 266 $ 37,762 $ 38,605 $ 812 $ 770 Hawaiian Electric consolidated Service cost $ 14,699 $ 16,066 $ 821 $ 967 $ 44,097 $ 48,197 $ 2,463 $ 2,902 Interest cost 18,702 17,632 2,334 2,175 56,106 52,897 7,003 6,525 Expected return on plan assets (22,908 ) (20,635 ) (3,023 ) (2,873 ) (68,725 ) (61,906 ) (9,072 ) (8,621 ) Amortization of net prior service loss (gain) 3 10 (451 ) (450 ) 10 30 (1,353 ) (1,352 ) Amortization of net actuarial loss 5,674 8,342 198 438 17,020 25,028 595 1,315 Net periodic benefit cost 16,170 21,415 (121 ) 257 48,508 64,246 (364 ) 769 Impact of PUC D&Os (4,653 ) (10,017 ) 336 (60 ) (13,464 ) (29,994 ) 1,008 (180 ) Net periodic benefit cost (adjusted for impact of PUC D&Os) $ 11,517 $ 11,398 $ 215 $ 197 $ 35,044 $ 34,252 $ 644 $ 589 HEI consolidated recorded retirement benefits expense of $26 million ($ 23 million by the Utilities) and $27 million ( $22 million by the Utilities) in the first nine months of 2016 and 2015 , respectively, and charged the remaining net periodic benefit cost primarily to electric utility plant. The Utilities have implemented pension and OPEB tracking mechanisms under which all of their retirement benefit expenses (except for executive life and nonqualified pension plan expenses) determined in accordance with GAAP are recovered over time. Under the tracking mechanisms, these retirement benefit costs that are over/under amounts allowed in rates are charged/credited to a regulatory asset/liability. The regulatory asset/liability for each utility will be amortized over 5 years beginning with the issuance of the PUC’s D&O in the respective utility’s next rate case. Defined contribution plans information. For the first nine months of 2016 and 2015 , the Company’s expenses for its defined contribution pension plans under the Hawaiian Electric Industries Retirement Savings Plan (HEIRSP) and the ASB 401(k) Plan were $4.1 million and $4.0 million , respectively, and cash contributions were $4.6 million and $4.3 million , respectively. For the first nine months of 2016 and 2015 , the Utilities’ expenses for its defined contribution pension plan under the HEIRSP were $ 1.2 million and $1.1 million , respectively, and cash contributions were $ 1.2 million and $1.1 million , respectively.

Share-based compensation

Share-based compensation	9 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based compensation	Share-based compensation Under the 2010 Equity and Incentive Plan, as amended, HEI can issue shares of common stock as incentive compensation to selected employees in the form of stock options, stock appreciation rights (SARs), restricted shares, restricted stock units, performance shares and other share-based and cash-based awards. The 2010 Equity and Incentive Plan (original EIP) was amended and restated effective March 1, 2014 (EIP) and an additional 1.5 million shares was added to the shares available for issuance under these programs. As of September 30, 2016 , approximately 3.4 million shares remained available for future issuance under the terms of the EIP, assuming recycling of shares withheld to satisfy minimum statutory tax liabilities relating to EIP awards, including an estimated 0.4 million shares that could be issued upon the vesting of outstanding restricted stock units and the achievement of performance goals for awards outstanding under long-term incentive plans (assuming that such performance goals are achieved at maximum levels). Under the 2011 Nonemployee Director Stock Plan (2011 Director Plan), HEI can issue shares of common stock as compensation to nonemployee directors of HEI, Hawaiian Electric and ASB. As of September 30, 2016 , there were 121,198 shares remaining available for future issuance under the 2011 Director Plan. Share-based compensation expense and the related income tax benefit were as follows: Three months ended September 30 Nine months ended September 30 (in millions) 2016 2015 2016 2015 HEI consolidated Share-based compensation expense 1 $ 1.6 $ 1.0 $ 3.6 $ 4.8 Income tax benefit 0.5 0.3 1.2 1.7 Hawaiian Electric consolidated Share-based compensation expense 1 0.5 0.1 1.0 1.3 Income tax benefit 0.2 — 0.4 0.5 1 For the three and nine months ended September 30, 2016, the Company has not capitalized any share-based compensation. $0.03 million and $0.12 million of this share-based compensation expense was capitalized in the three and nine months ended September 30, 2015 . Stock awards. No nonemployee director stock grants were awarded from January 1 to September 29, 2016. Nonemployee director awards totaling $0.2 million were paid in cash in July 2016. HEI granted HEI common stock to nonemployee directors of HEI, Hawaiian Electric and ASB under the 2011 Director Plan as follows: Nine months ended September 30 ($ in millions) 2016 2015 Shares granted 19,846 28,246 Fair value $ 0.6 $ 0.8 Income tax benefit 0.2 0.3 The number of shares issued to each nonemployee director of HEI, Hawaiian Electric and ASB is determined based on the closing price of HEI Common Stock on the grant date. Stock appreciation rights. As of September 30, 2016 and December 31, 2015 , there were no remaining SARs outstanding. SARs activity and statistics were as follows: Three months ended September 30 Nine months ended September 30 (dollars in thousands, except prices) 2015 2015 Shares underlying SARs exercised — 80,000 Weighted-average price of shares exercised $ — $ 26.18 Intrinsic value of shares exercised 1 — 502 Tax benefit realized for the deduction of exercises — 82 1 Intrinsic value is the amount by which the fair market value of the underlying stock and the related dividend equivalent rights exceeds the exercise price of the right. Restricted stock units. Information about HEI’s grants of restricted stock units was as follows: Three months ended September 30 Nine months ended September 30 2016 2015 2016 2015 Shares (1) Shares (1) Shares (1) Shares (1) Outstanding, beginning of period 225,752 $ 29.59 252,302 $ 28.35 210,634 $ 28.82 261,235 $ 25.77 Granted 766 30.65 690 30.91 95,048 29.91 85,772 33.69 Vested (4,419 ) 27.26 (19,840 ) 25.35 (83,583 ) 27.88 (99,891 ) 25.69 Forfeited (2,352 ) 29.69 (14,316 ) 25.82 (2,352 ) 29.69 (28,280 ) 26.66 Outstanding, end of period 219,747 $ 29.64 218,836 $ 28.79 219,747 $ 29.64 218,836 $ 28.79 Total weighted-average grant-date fair value of shares granted ($ millions) $ — $ — $ 2.8 $ 2.9 (1) Weighted-average grant-date fair value per share based on the average price of HEI common stock on the date of grant. As of September 30, 2016 , there was $4.4 million of total unrecognized compensation cost related to the nonvested restricted stock units. The cost is expected to be recognized over a weighted-average period of 2.6 years . For the first nine months of 2016 and 2015 , total restricted stock units that vested and related dividends had a fair value of $2.7 million and $3.7 million , respectively, and the related tax benefits were $0.9 million and $1.1 million , respectively. Long-term incentive plan payable in stock. The 2014-2016 long-term incentive plan (LTIP) provides for performance awards under the original EIP of shares of HEI common stock based on the satisfaction of performance goals considered to be a market condition and service conditions. The number of shares of HEI common stock that may be awarded is fixed on the date the grants are made subject to the achievement of specified performance levels. The potential payout varies from 0% to 200% of the number of target shares depending on achievement of the goals. The LTIP performance goals for the LTIP period includes awards with a market goal based on total return to shareholders (TRS) of HEI stock as a percentile to the Edison Electric Institute Index over the three -year period. In addition, the 2014-2016 LTIP has performance goals related to levels of HEI consolidated return on average common equity (ROACE), Hawaiian Electric consolidated ROACE and ASB net income — all based on the three -year averages, and ASB return on assets relative to performance peers. The 2015-2017 and the 2016-2018 LTIP provide for performance awards payable in cash, and thus, are not included in the tables below. LTIP linked to TRS . Information about HEI’s LTIP grants linked to TRS was as follows: Three months ended September 30 Nine months ended September 30 2016 2015 2016 2015 Shares (1) Shares (1) Shares (1) Shares (1) Outstanding, beginning of period 83,947 $ 22.95 163,423 $ 27.63 162,500 $ 27.66 257,956 $ 28.45 Granted (target level) — — — — — — — — Vested (issued or unissued and cancelled) — — — — (78,553 ) 32.69 (75,915 ) 30.71 Forfeited (175 ) 22.95 — — (175 ) 22.95 (18,618 ) 26.41 Outstanding, end of period 83,772 $ 22.95 163,423 $ 27.63 83,772 $ 22.95 163,423 $ 27.63 (1) Weighted-average grant-date fair value per share determined using a Monte Carlo simulation model. For the nine months ended September 30, 2016 and 2015 , all vested shares in the table above were unissued and cancelled (i.e., lapsed) because the TRS goal was not met. As of September 30, 2016 , there was $0.1 million of total unrecognized compensation cost related to the nonvested performance awards payable in shares linked to TRS. The cost is expected to be recognized over a weighted-average period of 0.3 years . LTIP awards linked to other performance conditions . Information about HEI’s LTIP awards payable in shares linked to other performance conditions was as follows: Three months ended September 30 Nine months ended September 30 2016 2015 2016 2015 Shares (1) Shares (1) Shares (1) Shares (1) Outstanding, beginning of period 113,550 $ 25.18 220,158 $ 26.00 222,647 $ 26.02 364,731 $ 26.01 Granted (target level) — — — — — — — — Vested (issued) — — — — (109,097 ) 26.89 (121,249 ) 26.05 Cancelled — — (14,050 ) 26.89 — — (14,050 ) 26.89 Forfeited (699 ) 25.19 — — (699 ) 25.19 (23,324 ) 25.85 Outstanding, end of period 112,851 $ 25.18 206,108 $ 25.94 112,851 $ 25.18 206,108 $ 25.94 (1) Weighted-average grant-date fair value per share based on the average price of HEI common stock on the date of grant. For the nine months ended September 30, 2016 and 2015 , total vested LTIP awards linked to other performance conditions and related dividends had a fair value of $3.6 million and $4.7 million and the related tax benefits were $1.4 million and $1.8 million , respectively. As of September 30, 2016 , there was $0.2 million of total unrecognized compensation cost related to the nonvested shares linked to performance conditions other than TRS. The cost is expected to be recognized over a weighted-average period of 0.3 years .

Shareholders' equity

Shareholders' equity	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Shareholders' equity	Shareholders’ equity Equity forward transaction . On March 19, 2013, HEI entered into an equity forward transaction in connection with a public offering on that date of 6.1 million shares of HEI common stock at $26.75 per share. On March 19, 2013, HEI common stock closed at $27.01 per share. On March 20, 2013, the underwriters exercised their over-allotment option in full and HEI entered into an equity forward transaction in connection with the resulting additional 0.9 million shares of HEI common stock. The use of an equity forward transaction substantially eliminates future equity market price risk by fixing a common equity offering sales price under the then existing market conditions, while mitigating immediate share dilution resulting from the offering by postponing the actual issuance of common stock until funds are needed in accordance with the Company’s capital investment plans. Pursuant to the terms of these transactions, a forward counterparty borrowed 7 million shares of HEI’s common stock from third parties and sold them to a group of underwriters for $26.75 per share, less an underwriting discount equal to $1.00312 per share. Under the terms of the equity forward transactions, HEI was required to issue and deliver shares of HEI common stock to the forward counterparty at the then applicable forward sale price. The forward sale price was initially determined to be $25.74688 per share at the time the equity forward transactions were entered into, and the amount of cash to be received by HEI upon physical settlement of the equity forward was subject to certain adjustments in accordance with the terms of the equity forward transactions. The equity forward transactions had no initial fair value since they were entered into at the then market price of the common stock. HEI concluded that the equity forward transactions were equity instruments based on the accounting guidance in Accounting Standards Codification (ASC) Topic 480, “Distinguishing Liabilities from Equity,” and ASC Topic 815, “Derivatives and Hedging,” and that they qualified for an exception from derivative accounting under ASC Topic 815 because the forward sale transactions were indexed to its own stock. On December 19, 2013 and July 14, 2014, HEI settled 1.3 million and 1.0 million shares under the equity forward for proceeds of $32.1 million (net of the underwriting discount of $1.3 million ) and $23.9 million (net of underwriting discount of $ 1.0 million ), respectively, which funds were ultimately used to purchase Hawaiian Electric shares . On March 20, 2015, HEI settled the remaining 4.7 million shares under the equity forward for proceeds of $104.5 million (net of the underwriting discount of $4.7 million ), which funds were used for the reduction of debt and for general corporate purposes. The proceeds were recorded in equity at the time of settlement. Prior to their settlement, the shares remaining under the equity forward transactions were reflected in HEI’s diluted EPS calculations using the treasury stock method. Accumulated other comprehensive income . Changes in the balances of each component of accumulated other comprehensive income/(loss) (AOCI) were as follows: HEI Consolidated Hawaiian Electric Consolidated (in thousands) Net unrealized gains (losses) on securities Unrealized gains (losses) on derivatives Retirement benefit plans AOCI Unrealized gains on derivatives Retirement benefit plans AOCI Balance, December 31, 2015 $ (1,872 ) $ (54 ) $ (24,336 ) $ (26,262 ) $ — $ 925 $ 925 Current period other comprehensive income 7,837 459 943 9,239 405 7 412 Balance, September 30, 2016 $ 5,965 $ 405 $ (23,393 ) $ (17,023 ) $ 405 $ 932 $ 1,337 Balance, December 31, 2014 $ 462 $ (289 ) $ (27,551 ) $ (27,378 ) $ — $ 45 $ 45 Current period other comprehensive income 3,608 177 1,576 5,361 — 11 11 Balance, September 30, 2015 $ 4,070 $ (112 ) $ (25,975 ) $ (22,017 ) $ — $ 56 $ 56 Reclassifications out of AOCI were as follows: Amount reclassified from AOCI Three months ended September 30 Nine months ended September 30 Affected line item in the (in thousands) 2016 2015 2016 2015 Statement of Income HEI consolidated Net realized gains on securities $ — $ — $ (360 ) $ — Revenues-bank (net gains on sales of securities) Derivatives qualified as cash flow hedges Window forward contracts (173 ) — (173 ) — Revenues-electric utility (gains on window forward) Interest rate contracts (settled in 2011) — 59 54 177 Interest expense Retirement benefit plan items Amortization of prior service credit and net losses recognized during the period in net periodic benefit cost 3,641 5,611 10,877 16,850 See Note 6 for additional details Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets (3,311 ) (5,091 ) (9,934 ) (15,274 ) See Note 6 for additional details Total reclassifications $ 157 $ 579 $ 464 $ 1,753 Hawaiian Electric consolidated Derivatives qualified as cash flow hedges Window forward contracts $ (173 ) $ — $ (173 ) $ — Revenues (gains on window forward) Retirement benefit plan items Amortization of prior service credit and net losses recognized during the period in net periodic benefit cost 3,314 5,095 9,941 15,285 See Note 6 for additional details Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets (3,311 ) (5,091 ) (9,934 ) (15,274 ) See Note 6 for additional details Total reclassifications $ (170 ) $ 4 $ (166 ) $ 11

Fair value measurements

Fair value measurements	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair value measurements	Fair value measurements Fair value estimates are estimates of the price that would be received to sell an asset, or paid upon the transfer of a liability, in an orderly transaction between market participants at the measurement date. The fair value estimates are generally determined based on assumptions that market participants would use in pricing the asset or liability and are based on market data obtained from independent sources. However, in certain cases, the Company and the Utilities use their own assumptions about market participant assumptions based on the best information available in the circumstances. These valuations are estimates at a specific point in time, based on relevant market information, information about the financial instrument and judgments regarding future expected loss experience, economic conditions, risk characteristics of various financial instruments and other factors. These estimates do not reflect any premium or discount that could result if the Company or the Utilities were to sell its entire holdings of a particular financial instrument at one time. Because no active trading market exists for a portion of the Company’s and the Utilities’ financial instruments, fair value estimates cannot be determined with precision. Changes in the underlying assumptions used, including discount rates and estimates of future cash flows, could significantly affect the estimates. In addition, the tax ramifications related to the realization of the unrealized gains and losses could have a significant effect on fair value estimates, but have not been considered in making such estimates. The Company and the Utilities group their financial assets measured at fair value in three levels outlined as follows: Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. A quoted price in an active market provides the most reliable evidence of fair value and is used to measure fair value whenever available. Level 2: Inputs to the valuation methodology include quoted prices for similar assets or liabilities in active markets; inputs to the valuation methodology include quoted prices for identical or similar assets or liabilities in markets that are not active; or inputs to the valuation methodology that are derived principally from or can be corroborated by observable market data by correlation or other means. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using discounted cash flow methodologies, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Classification in the hierarchy is based upon the lowest level input that is significant to the fair value measurement of the asset or liability. For instruments classified in Level 1 and 2 where inputs are primarily based upon observable market data, there is less judgment applied in arriving at the fair value. For instruments classified in Level 3, management judgment is more significant due to the lack of observable market data. Fair value is also used on a nonrecurring basis to evaluate certain assets for impairment or for disclosure purposes. Examples of nonrecurring uses of fair value include mortgage servicing rights accounted for by the amortization method, loan impairments for certain loans and goodwill. Fair value measurement and disclosure valuation methodology. Following are descriptions of the valuation methodologies used for assets and liabilities recorded at fair value and for estimating fair value for financial instruments not carried at fair value: Short-term borrowings—other than bank . The carrying amount approximated fair value because of the short maturity of these instruments. Investment securities . The fair value of ASB’s investment securities is determined quarterly through pricing obtained from independent third-party pricing services or from brokers not affiliated with the trade. The third-party pricing vendors the Company uses for pricing its securities are reputable firms that provide pricing services on a global basis and have processes in place to ensure quality and control. The third-party pricing services use a variety of methods to determine the fair value of securities that fall under Level 2 of the Company’s fair value measurement hierarchy. Among the considerations are quoted prices for similar securities in an active market, yield spreads for similar trades, adjustments for liquidity, size, collateral characteristics, historic and generic prepayment speeds, and other observable market factors. To enhance the robustness of the pricing process, ASB will on a quarterly basis compare its standard third-party vendor’s price with that of another third-party vendor. If the prices are within an acceptable tolerance range, the price of the standard vendor will be accepted. If the variance is beyond the tolerance range, an evaluation will be conducted by ASB and a challenge to the price may be made. Fair value in such cases will be based on the value that best reflects the data and observable characteristics of the security. In all cases, the fair value used will have been independently determined by a third-party pricing vendor or non-affiliated broker and not by ASB. Loans held for sale . Residential mortgage loans carried at the lower of cost or market are valued using market observable pricing inputs, which are derived from third party loan sales and securitizations and, therefore, are classified within Level 2 of the valuation hierarchy. Loans held for investment . Fair value of loans held for investment is derived using a discounted cash flow approach which includes an evaluation of the underlying loan characteristics. The valuation model uses loan characteristics which includes product type, maturity dates and the underlying interest rate of the portfolio. This information is input into the valuation models along with various forecast valuation assumptions including prepayment forecasts, to determine the discount rate. These assumptions are derived from internal and third party sources. Noting the valuation is derived from model-based techniques, ASB includes loans held for investment within Level 3 of the valuation hierarchy. Impaired loans . At the time a loan is considered impaired, it is valued at the lower of cost or fair value. Fair value is determined primarily by using an income, cost or market approach and is normally provided through appraisals. Impaired loans carried at fair value generally receive specific allocations within the allowance for loan losses. For collateral-dependent loans, fair value is commonly based on recent real estate appraisals. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Such adjustments typically result in a Level 3 classification of the inputs for determining fair value. Non-real estate collateral may be valued using an appraisal, net book value per the borrower’s financial statements, or aging reports, adjusted or discounted based on management’s historical knowledge, changes in market conditions from the time of the valuation and management’s expertise and knowledge of the client and client’s business, resulting in a Level 3 fair value classification. Generally, impaired loans are evaluated quarterly for additional impairment and adjusted accordingly. Other real estate owned . Foreclosed assets are carried at fair value (less estimated costs to sell) and is generally based upon appraisals or independent market prices that are periodically updated subsequent to classification as real estate owned. Such adjustments typically result in a Level 3 classification of the inputs for determining fair value. ASB estimates the fair value of collateral-dependent loans and real estate owned using the sales comparison approach. Mortgage servicing rights . Mortgage servicing rights (MSR) are capitalized at fair value based on market data at the time of sale and accounted for in subsequent periods at the lower of amortized cost or fair value. Mortgage servicing rights are evaluated for impairment at each reporting date. ASB's MSR is stratified based on predominant risk characteristics of the underlying loans including loan type and note rate. For each stratum, fair value is calculated by discounting expected net income streams using discount rates that reflect industry pricing for similar assets. Expected net income streams are estimated based on industry assumptions regarding prepayment expectations and income and expenses associated with servicing residential mortgage loans for others. Impairment is recognized through a valuation allowance for each stratum when the carrying amount exceeds fair value, with any associated provision recorded as a component of loan servicing fees included in "Other income, net" in the consolidated statements of income. A direct write-down is recorded when the recoverability of the valuation allowance is deemed to be unrecoverable. ASB compares the fair value of MSR to an estimated value calculated by an independent third-party. The third-party relies on both published and unpublished sources of market related assumptions and their own experience and expertise to arrive at a value. ASB uses the third-party value only to assess the reasonableness of its own estimate. Time deposits . The fair value of fixed-maturity certificates of deposit was estimated by discounting the future cash flows using the rates currently offered for deposits of similar remaining maturities. Other borrowings . For fixed-rate advances and repurchase agreements, fair value is estimated using quantitative discounted cash flow models that require the use of interest rate inputs that are currently offered for advances and repurchase agreements of similar remaining maturities. The majority of market inputs are actively quoted and can be validated through external sources, including broker market transactions and third party pricing services. Long-term debt—other than bank . Fair value was obtained from third-party financial services providers based on the current rates offered for debt of the same or similar remaining maturities and from discounting the future cash flows using the current rates offered for debt of the same or similar remaining maturities. Interest rate lock commitments (IRLCs) . The estimated fair value of commitments to originate residential mortgage loans for sale is based on quoted prices for similar loans in active markets. IRLCs are classified as Level 2 measurements. Forward sales commitments . To be announced (TBA) mortgage-backed securities forward commitments are classified as Level 1, and consist of publicly-traded debt securities for which identical fair values can be obtained through quoted market prices in active exchange markets. The fair values of ASB’s best efforts and mandatory delivery loan sale commitments are determined using quoted prices in the market place that are observable and are classified as Level 2 measurements. Window forward contract . The estimated fair value was obtained from a third-party financial services provider based on the effective exchange rate offered for the foreign currency denominated transaction. Window forward contracts are classified as Level 2 measurements. The following table presents the carrying or notional amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments. For stock in Federal Home Loan Bank, the carrying amount is a reasonable estimate of fair value because it can only be redeemed at par. For bank-owned life insurance, the carrying amount is the cash surrender value of the insurance policies, which is a reasonable estimate of fair value. For financial liabilities such as noninterest-bearing demand, interest-bearing demand, and savings and money market deposits, the carrying amount is a reasonable estimate of fair value as these liabilities have no stated maturity. Estimated fair value Carrying or notional amount Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (in thousands) (Level 1) (Level 2) (Level 3) Total September 30, 2016 Financial assets Money market funds $ 45,030 $ — $ 45,030 $ — $ 45,030 Available-for-sale investment securities 996,984 — 996,984 — 996,984 Stock in Federal Home Loan Bank 11,218 — 11,218 — 11,218 Loans receivable, net 4,702,644 — 26,784 4,923,457 4,950,241 Mortgage servicing rights 9,191 — — 10,971 10,971 Bank-owned life insurance 141,262 — 141,262 — 141,262 Derivative assets 62,581 — 1,508 — 1,508 The Utilities’ derivative assets (included in amount above) 20,725 — 664 — 664 Financial liabilities Deposit liabilities 5,380,721 — 5,384,924 — 5,384,924 Other bank borrowings 265,388 — 267,892 — 267,892 Long-term debt, net—other than bank 1,579,065 — 1,741,707 — 1,741,707 The Utilities’ long-term debt, net (included in amount above) 1,279,327 — 1,432,766 — 1,432,766 Derivative liabilities 42,344 121 43 — 164 December 31, 2015 Financial assets Money market funds $ 10 $ — $ 10 $ — $ 10 Available-for-sale investment securities 820,648 — 820,648 — 820,648 Stock in Federal Home Loan Bank 10,678 — 10,678 — 10,678 Loans receivable, net 4,570,412 — 4,639 4,744,886 4,749,525 Mortgage servicing rights 8,884 — — 11,790 11,790 Bank-owned life insurance 138,139 — 138,139 — 138,139 Derivative assets 22,616 — 385 — 385 Financial liabilities Deposit liabilities 5,025,254 — 5,024,500 — 5,024,500 Short-term borrowings—other than bank 103,063 — 103,063 — 103,063 Other bank borrowings 328,582 — 333,392 — 333,392 Long-term debt, net—other than bank* 1,578,368 — 1,669,087 — 1,669,087 The Utilities’ long-term debt, net (included in amount above)* 1,278,702 — 1,363,766 — 1,363,766 Derivative liabilities 23,269 15 15 — 30 * See Note 11 for the impact to prior period financial information of the adoption of ASU No. 2015-03. Fair value measurements on a recurring basis. Assets and liabilities measured at fair value on a recurring basis were as follows: September 30, 2016 December 31, 2015 Fair value measurements using Fair value measurements using (in thousands) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Money market funds (“other” segment) $ — $ 45,030 $ — $ — $ 10 $ — Available-for-sale investment securities (bank segment) Mortgage-related securities-FNMA, FHLMC and GNMA $ — $ 807,612 $ — $ — $ 607,689 $ — U.S. Treasury and federal agency obligations — 189,372 — — 212,959 — $ — $ 996,984 $ — $ — $ 820,648 $ — Derivative assets Interest rate lock commitments 1 $ — $ 843 $ — $ — $ 384 $ — Forward commitments 1 — 1 — — 1 — Window forward contract 2 — 664 — — — — $ — $ 1,508 $ — $ — $ 385 $ — Derivative liabilities 1 Forward commitments $ 121 $ 43 $ — $ 15 $ 15 $ — 1 Derivatives are carried at fair value with changes in value reflected in the balance sheet in other assets or other liabilities and included in mortgage banking income. 2 Asset derivatives are included in other current assets in the balance sheets. There were no transfers of financial assets and liabilities between Level 1 and Level 2 of the fair value hierarchy during the quarter ended September 30, 2016. Fair value measurements on a nonrecurring basis. Certain assets and liabilities are measured at fair value on a nonrecurring basis and therefore are not included in the tables above. These measurements primarily result from assets carried at the lower of cost or fair value or from impairment of individual assets. The carrying value of assets measured at fair value on a nonrecurring basis were as follows: Fair value measurements (in thousands) Balance Level 1 Level 2 Level 3 September 30, 2016 Loans $ 1,382 $ — $ — $ 1,382 Real estate acquired in settlement of loans 219 — — 219 December 31, 2015 Loans 178 — — 178 Real estate acquired in settlement of loans 1,030 — — 1,030 At September 30, 2016 and 2015 , there were no adjustments to fair value for ASB’s loans held for sale which were carried at the lower of cost or fair value. The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis: Significant unobservable input value (1) ($ in thousands) Fair value Valuation technique Significant unobservable input Range Weighted Average September 30, 2016 Residential loans $ 1,370 Fair value of property or collateral Appraised value less 7% selling costs 42-91% 64% Home equity lines of credit 12 Fair value of property or collateral Appraised value less 7% selling costs N/A (2) Total loans $ 1,382 Real estate acquired in settlement of loans $ 219 Fair value of property or collateral Appraised value less 7% selling costs 100% 100% December 31, 2015 Residential loans $ 50 Fair value of property or collateral Appraised value less 7% selling costs N/A (2) Home equity lines of credit 128 Fair value of property or collateral Appraised value less 7% selling costs N/A (2) Total loans $ 178 Real estate acquired in settlement of loans $ 1,030 Fair value of property or collateral Appraised value less 7% selling cost 100% 100% (1) Represent percent of outstanding principal balance. (2) N/A - Not applicable. There is one loan in each fair value measurement type. Significant increases (decreases) in any of those inputs in isolation would result in significantly higher (lower) fair value measurements.

Cash flows

Cash flows	9 Months Ended
	Sep. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Cash flows	Cash flows Nine months ended September 30 2016 2015 (in millions) Supplemental disclosures of cash flow information HEI consolidated Interest paid to non-affiliates $ 61 $ 61 Income taxes paid 19 62 Income taxes refunded 45 55 Hawaiian Electric consolidated Interest paid to non-affiliates 43 43 Income taxes paid — 13 Income taxes refunded 20 12 Supplemental disclosures of noncash activities HEI consolidated Common stock dividends reinvested in HEI common stock (financing) 1 17 — Loans transferred from held for investment to held for sale (investing) 14 — Real estate transferred from property, plant and equipment to other assets held-for-sale (investing) 1 5 Obligations to fund low income housing investments (operating) 14 1 HEI consolidated and Hawaiian Electric consolidated Additions to electric utility property, plant and equipment - unpaid invoices and accruals (investing) (7 ) 1 1 The amounts shown represent common stock dividends reinvested in HEI common stock under the HEI Dividend Reinvestment and Stock Purchase Plan (DRIP) in noncash transactions. From January 6, 2016, HEI satisfied the share purchase requirements of the DRIP through new issuances of its common stock. In 2015, HEI satisfied such requirements with cash through open market purchases of its common stock.

Recent accounting pronouncement

Recent accounting pronouncements	9 Months Ended
	Sep. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recent accounting pronouncements	Recent accounting pronouncements Revenues from contracts. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers: (Topic 606).” The core principle of the guidance in ASU No. 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (1) identify the contract/s with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when, or as, the entity satisfies a performance obligation. The Company plans to adopt ASU No. 2014-09 (and subsequently issued revenue-related ASUs, as applicable) in the first quarter of 2018, but has not determined the method of adoption (full or modified retrospective application) nor the impact of adoption on its results of operations, financial condition or liquidity. Debt issuance costs. In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs,” which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The Company retrospectively adopted ASU No. 2015-03 in the first quarter 2016 and the adoption did not have a material impact on the Company’s financial condition and had no impact on the Company’s results of operations or liquidity. The table below summarizes the impact to the prior period financial statements of the adoption of ASU No. 2015-03: (in thousands) As previously filed Adjustment from adoption of ASU No. 2015-03 As currently reported December 31, 2015 HEI Consolidated Balance Sheet and Note 3 - Segment financial information (Total assets) Other assets $ 488,635 $ (8,178 ) $ 480,457 Total assets and Total liabilities and shareholders’ equity 11,790,196 (8,178 ) 11,782,018 Long-term debt, net-other than bank 1,586,546 (8,178 ) 1,578,368 Total liabilities 9,828,263 (8,178 ) 9,820,085 Hawaiian Electric Consolidated Balance Sheet and Note 3 - Segment financial information (Total assets) Unamortized debt expense 8,341 (7,844 ) 497 Total other long-term assets 908,327 (7,844 ) 900,483 Total assets and Total capitalization and liabilities 5,680,054 (7,844 ) 5,672,210 Long-term debt, net 1,286,546 (7,844 ) 1,278,702 Total capitalization 3,049,164 (7,844 ) 3,041,320 Note 4 - Hawaiian Electric Consolidating Balance Sheet Hawaiian Electric (parent only) Unamortized debt expense 5,742 (5,383 ) 359 Total other long-term assets 662,430 (5,383 ) 657,047 Total assets and Total capitalization and liabilities 4,481,558 (5,383 ) 4,476,175 Long-term debt, net 880,546 (5,383 ) 875,163 Total capitalization 2,631,164 (5,383 ) 2,625,781 Hawaii Electric Light Unamortized debt expense 1,494 (1,420 ) 74 Total other long-term assets 130,749 (1,420 ) 129,329 Total assets and Total capitalization and liabilities 955,935 (1,420 ) 954,515 Long-term debt, net 215,000 (1,420 ) 213,580 Total capitalization 514,702 (1,420 ) 513,282 Maui Electric Unamortized debt expense 1,105 (1,041 ) 64 Total other long-term assets 115,148 (1,041 ) 114,107 Total assets and Total capitalization and liabilities 831,201 (1,041 ) 830,160 Long-term debt, net 191,000 (1,041 ) 189,959 Total capitalization 459,725 (1,041 ) 458,684 Investments in certain entities that calculate net asset value per share. In May 2015, the FASB issued ASU No. 2015-07, “Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent),” which removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient and limits certain disclosures to those investments. The Company retrospectively adopted ASU No. 2015-07 in the first quarter 2016; thus, the fair value disclosures for retirement benefit plan assets will be revised in the SEC Form 10-K for the year ended December 31, 2016. Financial instruments. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities,” which, among other things: • Requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. • Requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. • Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). • Eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The Company plans to adopt ASU No. 2016-01 in the first quarter of 2018 and has not yet determined the impact of adoption. Leases . In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842),” which requires that lessees recognize a liability to make lease payments (the lease liability) and a right-of-use asset, representing its right to use the underlying asset for the lease term, for all leases (except short-term leases) at the commencement date. The Company plans to adopt ASU 2016-02 in the first quarter of 2019 (using a modified retrospective transition approach for leases existing at, or entered into after, January 1, 2017) and has not yet determined the impact of adoption. Stock compensation. In March 2016, the FASB issued ASU No. 2016-09, “Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for share-based payment transactions. For example, all excess tax benefits and tax deficiencies should be recognized as income tax expense or benefit in the income statement; excess tax benefits should be classified along with other income tax cash flows as an operating activity on the statement of cash flows; an entity can make an accounting policy election to account for forfeitures when they occur; the threshold to qualify for equity classification permits withholding up to the maximum statutory tax rates in the applicable jurisdictions; and the cash payments made to taxing authorities on the employees’ behalf for withheld shares should be classified as financing activities on the statement of cash flows. The Company plans to adopt ASU 2016-09 in the first quarter of 2017 and has not yet determined the impact of adoption. Provisions requiring recognition of excess tax benefits and tax deficiencies in the income statement will be applied prospectively. Provisions related to the timing of when excess tax benefits are recognized, minimum statutory withholding requirements and forfeitures will be applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity as of January 1, 2017. Provisions related to the presentation of employee taxes paid on the statement of cash flows when an employer withholds shares to meet the minimum statutory withholding requirement will be applied retrospectively. Provisions related to the presentation of excess tax benefits on the statement of cash flows will be applied either using a prospective transition method or a retrospective transition method. Credit Losses . In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ,” which is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations . ASU No. 2016-13 requires the measurement of all expected credit losses for financial assets held at the reporting date (based on historical experience, current conditions and reasonable and supportable forecasts) and enhanced disclosures to help financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. In addition, ASU No. 2016-13 amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The other-than-temporary impairment model of accounting for credit losses on AFS debt securities will be replaced with an estimate of expected credit losses only when the fair value is below the amortized cost of the asset. The length of time the fair value of an AFS debt security has been below the amortized cost will no longer impact the determination of whether a credit loss exists. The AFS debt security model will also require the use of an allowance to record the estimated losses (and subsequent recoveries). The accounting for the initial recognition of the estimated expected credit losses for purchased financial assets with credit deterioration would be recognized through an allowance for loan losses with an offset to the cost basis of the related financial asset at acquisition (i.e., there is no impact to net income at initial recognition). The Company plans to adopt ASU 2016-13 in the first quarter of 2020 and has not yet determined the impact of adoption. Cash Flows . In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which provides guidance on eight specific cash flow issues - debt prepayment or debt extinguishment costs, settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of corporate-owned life insurance policies (including bank-owned life insurance policies), distributions received from equity method investees, beneficial interests in securitization transactions, and separately identifiable cash flows and application of the predominance principle. The Company plans to adopt ASU 2016-15 in the first quarter of 2018 using a retrospective transition method and has not yet determined the impact of adoption.

Credit agreements and long-term

Credit agreements and long-term debt	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Credit agreements and long-term debt	Credit agreements and long-term debt Credit agreements. HEI . On April 2, 2014, HEI and a syndicate of nine financial institutions entered into an amended and restated revolving non-collateralized credit agreement (HEI Facility). The HEI Facility increased HEI’s line of credit to $150 million from $125 million , extended the term of the facility to April 2, 2019, and provided improved pricing compared to HEI’s prior facility. Under the HEI Facility, draws would generally bear interest, based on HEI’s current long-term credit ratings, at the “Adjusted LIBO Rate,” as defined in the agreement, plus 137.5 basis points and annual fees on undrawn commitments of 20 basis points. The HEI Facility contains updated provisions for pricing adjustments in the event of a long-term ratings change based on the HEI Facility’s ratings-based pricing grid. Certain modifications were made to incorporate some updated terms and conditions customary for facilities of this type. In addition, the HEI Consolidated Net Worth covenant, as defined in the original facility, was removed from the HEI Facility, leaving only one financial covenant (relating to HEI’s ratio of funded debt to total capitalization, each on a non-consolidated basis). Under the credit agreement, it is an event of default if HEI fails to maintain an unconsolidated “Capitalization Ratio” (funded debt) of 50% or less (actual ratio of 13% as of September 30, 2016 , as calculated under the agreement) or if HEI no longer owns Hawaiian Electric. The HEI Facility does not contain clauses that would affect access to the facility by reason of a ratings downgrade, nor does it have broad “material adverse change” clauses, but it continues to contain customary conditions which must be met in order to draw on it, including compliance with covenants (such as covenants preventing HEI’s subsidiaries from entering into agreements that restrict the ability of the subsidiaries to pay dividends to, or to repay borrowings from, HEI). The facility will be maintained to support the issuance of commercial paper, but also may be drawn to repay HEI’s short-term and long-term indebtedness, to make investments in or loans to subsidiaries and for HEI’s working capital and general corporate purposes. Hawaiian Electric . On April 2, 2014, Hawaiian Electric and a syndicate of nine financial institutions entered into an amended and restated revolving non-collateralized credit agreement (Hawaiian Electric Facility). The Hawaiian Electric Facility increased Hawaiian Electric’s line of credit to $200 million from $175 million . In January 2015, the PUC approved Hawaiian Electric’s request to extend the term of the credit facility to April 2, 2019. The Hawaiian Electric Facility provided improved pricing compared to its prior facility. Under the Hawaiian Electric Facility, draws would generally bear interest, based on Hawaiian Electric’s current long-term credit ratings, at the “Adjusted LIBO Rate,” as defined in the agreement, plus 137.5 basis points and annual fees on undrawn commitments of 20 basis points, as of August 3, 2016. The Hawaiian Electric Facility contains updated provisions for pricing adjustments in the event of a long-term ratings change based on the Hawaiian Electric Facility’s ratings-based pricing grid. Certain modifications were made to incorporate some updated terms and conditions customary for facilities of this type. The Hawaiian Electric Facility does not contain clauses that would affect access to the facility by reason of a ratings downgrade, nor does it have broad “material adverse change” clauses, but it continues to contain customary conditions which must be met in order to draw on it, including compliance with several covenants (such as covenants preventing its subsidiaries from entering into agreements that restrict the ability of the subsidiaries to pay dividends to, or to repay borrowings from, Hawaiian Electric, and restricting its ability as well as the ability of any of its subsidiaries to guarantee additional indebtedness of the subsidiaries if such additional debt would cause the subsidiary’s “Consolidated Subsidiary Funded Debt to Capitalization Ratio” to exceed 65% (ratio of 41% for Hawaii Electric Light and 41% for Maui Electric as of September 30, 2016 , as calculated under the agreement)). In addition to customary defaults, Hawaiian Electric’s failure to maintain its financial ratios, as defined in its credit agreement, or meet other requirements may result in an event of default. For example, under the credit agreement, it is an event of default if Hawaiian Electric fails to maintain a “Consolidated Capitalization Ratio” (equity) of at least 35% (ratio of 57% as of September 30, 2016 , as calculated under the credit agreement), or if Hawaiian Electric is no longer owned by HEI. The credit facility will be maintained to support the issuance of commercial paper, but also may be drawn to repay Hawaiian Electric’s short-term indebtedness, to make loans to subsidiaries and for Hawaiian Electric’s capital expenditures, working capital and general corporate purposes. Changes in long-term debt. HEI . On March 21, 2016, HEI entered into a $75 million term loan agreement with Bank of America, N.A., which matures on March 23, 2018 and includes substantially the same financial covenant and customary conditions as the HEI credit agreement described above. On March 23, 2016, HEI drew an initial $75 million Eurodollar term loan at an initial interest rate of 1.18% for an initial one month interest period (and with subsequent resetting interest rates averaging 1.23% through September 30, 2016). The proceeds from the term loan were used to pay-off HEI’s $75 million 4.41% senior note at maturity on March 24, 2016.

Related party transactions

Related party transactions	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related party transactions	Related party transactions For general management and administrative services in the third quarters of 2016 and 2015 and nine months ended September 30, 2016 and 2015, HEI charged the Utilities $0.7 million , $1.7 million , $5.2 million and $4.9 million , respectively, and HEI charged ASB $0.3 million , $0.5 million , $1.8 million and $1.7 million , respectively. The amounts charged by HEI to its subsidiaries for services provided by HEI employees are allocated primarily on the basis of time expended in providing such services. As of September 30, 2016, Hawaiian Electric’s short-term borrowings from HEI were $21 million . Mr. Timothy Johns, a member of the Hawaiian Electric Board of Directors, is an executive officer of Hawaii Medical Service Association (HMSA). Ms. Susan Li, an executive of Hawaiian Electric, is the Vice Chairperson of the Hawaii Dental Service (HDS) Board of Directors. The Company’s HMSA costs and expense (for health insurance premiums, claims plus administration expense and stop-loss insurance coverages) and HDS costs and expense (for dental insurance premiums) and the Utilities’ HMSA costs and expense (for health insurance premiums) and HDS costs and expense (for dental insurance premiums) were as follows: Three months ended September 30 Nine months ended September 30 (in millions) 2016 2015 2016 2015 HEI consolidated HMSA costs $ 7 $ 8 $ 21 $ 22 HMSA expense* 5 6 15 16 HDS costs 1 1 2 2 HDS expense* 1 1 2 2 Hawaiian Electric consolidated HMSA costs 5 6 17 17 HMSA expense* 3 4 10 11 HDS costs 1 1 2 2 HDS expense* — — 1 1 * Charged the remaining costs primarily to electric utility plant. The costs and expense in the table above are gross amounts (i.e., not net of employee contributions to employee benefits).

Basis of presentation (Policies

Basis of presentation (Policies)	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recent accounting pronouncements	Revenues from contracts. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers: (Topic 606).” The core principle of the guidance in ASU No. 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (1) identify the contract/s with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract, and (5) recognize revenue when, or as, the entity satisfies a performance obligation. The Company plans to adopt ASU No. 2014-09 (and subsequently issued revenue-related ASUs, as applicable) in the first quarter of 2018, but has not determined the method of adoption (full or modified retrospective application) nor the impact of adoption on its results of operations, financial condition or liquidity. Debt issuance costs. In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs,” which requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The Company retrospectively adopted ASU No. 2015-03 in the first quarter 2016 and the adoption did not have a material impact on the Company’s financial condition and had no impact on the Company’s results of operations or liquidity. The table below summarizes the impact to the prior period financial statements of the adoption of ASU No. 2015-03: (in thousands) As previously filed Adjustment from adoption of ASU No. 2015-03 As currently reported December 31, 2015 HEI Consolidated Balance Sheet and Note 3 - Segment financial information (Total assets) Other assets $ 488,635 $ (8,178 ) $ 480,457 Total assets and Total liabilities and shareholders’ equity 11,790,196 (8,178 ) 11,782,018 Long-term debt, net-other than bank 1,586,546 (8,178 ) 1,578,368 Total liabilities 9,828,263 (8,178 ) 9,820,085 Hawaiian Electric Consolidated Balance Sheet and Note 3 - Segment financial information (Total assets) Unamortized debt expense 8,341 (7,844 ) 497 Total other long-term assets 908,327 (7,844 ) 900,483 Total assets and Total capitalization and liabilities 5,680,054 (7,844 ) 5,672,210 Long-term debt, net 1,286,546 (7,844 ) 1,278,702 Total capitalization 3,049,164 (7,844 ) 3,041,320 Note 4 - Hawaiian Electric Consolidating Balance Sheet Hawaiian Electric (parent only) Unamortized debt expense 5,742 (5,383 ) 359 Total other long-term assets 662,430 (5,383 ) 657,047 Total assets and Total capitalization and liabilities 4,481,558 (5,383 ) 4,476,175 Long-term debt, net 880,546 (5,383 ) 875,163 Total capitalization 2,631,164 (5,383 ) 2,625,781 Hawaii Electric Light Unamortized debt expense 1,494 (1,420 ) 74 Total other long-term assets 130,749 (1,420 ) 129,329 Total assets and Total capitalization and liabilities 955,935 (1,420 ) 954,515 Long-term debt, net 215,000 (1,420 ) 213,580 Total capitalization 514,702 (1,420 ) 513,282 Maui Electric Unamortized debt expense 1,105 (1,041 ) 64 Total other long-term assets 115,148 (1,041 ) 114,107 Total assets and Total capitalization and liabilities 831,201 (1,041 ) 830,160 Long-term debt, net 191,000 (1,041 ) 189,959 Total capitalization 459,725 (1,041 ) 458,684 Investments in certain entities that calculate net asset value per share. In May 2015, the FASB issued ASU No. 2015-07, “Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent),” which removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient and limits certain disclosures to those investments. The Company retrospectively adopted ASU No. 2015-07 in the first quarter 2016; thus, the fair value disclosures for retirement benefit plan assets will be revised in the SEC Form 10-K for the year ended December 31, 2016. Financial instruments. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities,” which, among other things: • Requires equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. • Requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes. • Requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). • Eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The Company plans to adopt ASU No. 2016-01 in the first quarter of 2018 and has not yet determined the impact of adoption. Leases . In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842),” which requires that lessees recognize a liability to make lease payments (the lease liability) and a right-of-use asset, representing its right to use the underlying asset for the lease term, for all leases (except short-term leases) at the commencement date. The Company plans to adopt ASU 2016-02 in the first quarter of 2019 (using a modified retrospective transition approach for leases existing at, or entered into after, January 1, 2017) and has not yet determined the impact of adoption. Stock compensation. In March 2016, the FASB issued ASU No. 2016-09, “Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,” which simplifies several aspects of the accounting for share-based payment transactions. For example, all excess tax benefits and tax deficiencies should be recognized as income tax expense or benefit in the income statement; excess tax benefits should be classified along with other income tax cash flows as an operating activity on the statement of cash flows; an entity can make an accounting policy election to account for forfeitures when they occur; the threshold to qualify for equity classification permits withholding up to the maximum statutory tax rates in the applicable jurisdictions; and the cash payments made to taxing authorities on the employees’ behalf for withheld shares should be classified as financing activities on the statement of cash flows. The Company plans to adopt ASU 2016-09 in the first quarter of 2017 and has not yet determined the impact of adoption. Provisions requiring recognition of excess tax benefits and tax deficiencies in the income statement will be applied prospectively. Provisions related to the timing of when excess tax benefits are recognized, minimum statutory withholding requirements and forfeitures will be applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity as of January 1, 2017. Provisions related to the presentation of employee taxes paid on the statement of cash flows when an employer withholds shares to meet the minimum statutory withholding requirement will be applied retrospectively. Provisions related to the presentation of excess tax benefits on the statement of cash flows will be applied either using a prospective transition method or a retrospective transition method. Credit Losses . In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ,” which is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations . ASU No. 2016-13 requires the measurement of all expected credit losses for financial assets held at the reporting date (based on historical experience, current conditions and reasonable and supportable forecasts) and enhanced disclosures to help financial statement users better understand significant estimates and judgments used in estimating credit losses, as well as the credit quality and underwriting standards of an organization’s portfolio. In addition, ASU No. 2016-13 amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The other-than-temporary impairment model of accounting for credit losses on AFS debt securities will be replaced with an estimate of expected credit losses only when the fair value is below the amortized cost of the asset. The length of time the fair value of an AFS debt security has been below the amortized cost will no longer impact the determination of whether a credit loss exists. The AFS debt security model will also require the use of an allowance to record the estimated losses (and subsequent recoveries). The accounting for the initial recognition of the estimated expected credit losses for purchased financial assets with credit deterioration would be recognized through an allowance for loan losses with an offset to the cost basis of the related financial asset at acquisition (i.e., there is no impact to net income at initial recognition). The Company plans to adopt ASU 2016-13 in the first quarter of 2020 and has not yet determined the impact of adoption. Cash Flows . In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments,” which provides guidance on eight specific cash flow issues - debt prepayment or debt extinguishment costs, settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, proceeds from the settlement of corporate-owned life insurance policies (including bank-owned life insurance policies), distributions received from equity method investees, beneficial interests in securitization transactions, and separately identifiable cash flows and application of the predominance principle. The Company plans to adopt ASU 2016-15 in the first quarter of 2018 using a retrospective transition method and has not yet determined the impact of adoption.

Segment financial information (

Segment financial information (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Schedule of segment financial information	(in thousands) Electric utility Bank Other Total Three months ended September 30, 2016 Revenues from external customers $ 572,208 $ 73,708 $ 139 $ 646,055 Intersegment revenues (eliminations) 45 — (45 ) — Revenues 572,253 73,708 94 646,055 Income (loss) before income taxes 75,617 22,727 80,861 179,205 Income taxes (benefit) 28,145 7,623 15,824 51,592 Net income (loss) 47,472 15,104 65,037 127,613 Preferred stock dividends of subsidiaries 498 — (27 ) 471 Net income (loss) for common stock 46,974 15,104 65,064 127,142 Nine months ended September 30, 2016 Revenues from external customers $ 1,549,602 $ 213,297 $ 360 $ 1,763,259 Intersegment revenues (eliminations) 98 — (98 ) — Revenues 1,549,700 213,297 262 1,763,259 Income (loss) before income taxes 174,376 62,545 64,321 301,242 Income taxes (benefit) 64,682 21,483 10,038 96,203 Net income (loss) 109,694 41,062 54,283 205,039 Preferred stock dividends of subsidiaries 1,496 — (79 ) 1,417 Net income (loss) for common stock 108,198 41,062 54,362 203,622 Total assets (at September 30, 2016) 5,800,826 6,336,670 61,489 12,198,985 Three months ended September 30, 2015 Revenues from external customers $ 648,121 $ 69,091 $ (36 ) $ 717,176 Intersegment revenues (eliminations) 6 — (6 ) — Revenues 648,127 69,091 (42 ) 717,176 Income (loss) before income taxes 68,894 20,802 (9,036 ) 80,660 Income taxes (benefit) 25,390 7,351 (3,225 ) 29,516 Net income (loss) 43,504 13,451 (5,811 ) 51,144 Preferred stock dividends of subsidiaries 498 — (27 ) 471 Net income (loss) for common stock 43,006 13,451 (5,784 ) 50,673 Nine months ended September 30, 2015 Revenues from external customers $ 1,779,708 $ 199,222 $ 20 $ 1,978,950 Intersegment revenues (eliminations) 24 — (24 ) — Revenues 1,779,732 199,222 (4 ) 1,978,950 Income (loss) before income taxes 164,568 61,159 (36,347 ) 189,380 Income taxes (benefit) 60,351 21,382 (11,327 ) 70,406 Net income (loss) 104,217 39,777 (25,020 ) 118,974 Preferred stock dividends of subsidiaries 1,496 — (79 ) 1,417 Net income (loss) for common stock 102,721 39,777 (24,941 ) 117,557 Total assets (at December 31, 2015)* 5,672,210 6,014,755 95,053 11,782,018 * See Note 11 for the impact to prior period financial information of the adoption of Accounting Standards Update (ASU) No. 2015-03.

Electric utility segment (Table

Electric utility segment (Tables)	9 Months Ended
	Sep. 30, 2016
Regulatory projects and legal obligations
Schedule of derivative financial instruments	ASB’s derivative financial instruments, their fair values, and balance sheet location were as follows: Derivative Financial Instruments Not Designated as Hedging Instruments 1 September 30, 2016 December 31, 2015 (in thousands) Asset derivatives Liability derivatives Asset derivatives Liability Interest rate lock commitments $ 843 $ — $ 384 $ — Forward commitments 1 164 1 30 $ 844 $ 164 $ 385 $ 30 1 Asset derivatives are included in other assets and liability derivatives are included in other liabilities in the balance sheets.
Schedule of consolidating statements of income (loss)	Statements of Income Data Three months ended September 30 Nine months ended September 30 (in thousands) 2016 2015 2016 2015 Interest and dividend income Interest and fees on loans $ 50,444 $ 46,413 $ 148,571 $ 137,646 Interest and dividends on investment securities 4,759 4,213 14,219 10,570 Total interest and dividend income 55,203 50,626 162,790 148,216 Interest expense Interest on deposit liabilities 1,871 1,355 5,154 3,881 Interest on other borrowings 1,464 1,515 4,416 4,468 Total interest expense 3,335 2,870 9,570 8,349 Net interest income 51,868 47,756 153,220 139,867 Provision for loan losses 5,747 2,997 15,266 5,436 Net interest income after provision for loan losses 46,121 44,759 137,954 134,431 Noninterest income Fees from other financial services 5,599 5,639 16,799 16,544 Fee income on deposit liabilities 5,627 5,883 16,045 16,622 Fee income on other financial products 2,151 2,096 6,563 6,088 Bank-owned life insurance 1,616 1,021 3,620 3,062 Mortgage banking income 2,347 1,437 5,096 5,327 Gains on sale of investment securities, net — — 598 — Other income, net 1,165 2,389 1,786 3,363 Total noninterest income 18,505 18,465 50,507 51,006 Noninterest expense Compensation and employee benefits 22,844 22,728 67,197 66,813 Occupancy 3,991 4,128 12,244 12,250 Data processing 3,150 3,032 9,599 9,101 Services 2,427 2,556 8,093 7,730 Equipment 1,759 1,608 5,193 4,999 Office supplies, printing and postage 1,483 1,511 4,431 4,297 Marketing 747 934 2,507 2,619 FDIC insurance 907 809 2,704 2,393 Other expense 4,591 5,116 13,948 14,076 Total noninterest expense 41,899 42,422 125,916 124,278 Income before income taxes 22,727 20,802 62,545 61,159 Income taxes 7,623 7,351 21,483 21,382 Net income $ 15,104 $ 13,451 $ 41,062 $ 39,777
Schedule of consolidating balance sheets	Balance Sheets Data (in thousands) September 30, 2016 December 31, 2015 Assets Cash and due from banks $ 109,591 $ 127,201 Interest-bearing deposits 103,989 93,680 Available-for-sale investment securities, at fair value 996,984 820,648 Stock in Federal Home Loan Bank, at cost 11,218 10,678 Loans receivable held for investment 4,734,638 4,615,819 Allowance for loan losses (58,737 ) (50,038 ) Net loans 4,675,901 4,565,781 Loans held for sale, at lower of cost or fair value 26,743 4,631 Other 330,054 309,946 Goodwill 82,190 82,190 Total assets $ 6,336,670 $ 6,014,755 Liabilities and shareholder’s equity Deposit liabilities—noninterest-bearing $ 1,570,613 $ 1,520,374 Deposit liabilities—interest-bearing 3,810,108 3,504,880 Other borrowings 265,388 328,582 Other 106,396 101,029 Total liabilities 5,752,505 5,454,865 Commitments and contingencies Common stock 1 1 Additional paid in capital 342,234 340,496 Retained earnings 250,726 236,664 Accumulated other comprehensive loss, net of tax benefits Net unrealized gains (losses) on securities $ 5,965 $ (1,872 ) Retirement benefit plans (14,761 ) (8,796 ) (15,399 ) (17,271 ) Total shareholder’s equity 584,165 559,890 Total liabilities and shareholder’s equity $ 6,336,670 $ 6,014,755 Other assets Bank-owned life insurance $ 141,262 $ 138,139 Premises and equipment, net 91,354 88,077 Prepaid expenses 4,072 3,550 Accrued interest receivable 15,489 15,192 Mortgage-servicing rights 9,191 8,884 Low-income housing equity investments 48,474 37,793 Real estate acquired in settlement of loans, net 219 1,030 Other 19,993 17,281 $ 330,054 $ 309,946 Other liabilities Accrued expenses $ 37,671 $ 30,705 Federal and state income taxes payable 13,971 13,448 Cashier’s checks 24,923 21,768 Advance payments by borrowers 5,531 10,311 Other 24,300 24,797 $ 106,396 $ 101,029
Hawaiian Electric Company, Inc. and Subsidiaries
Regulatory projects and legal obligations
Schedule of purchases from all IPPs	Purchases from all IPPs were as follows: Three months ended September 30 Nine months ended September 30 (in millions) 2016 2015 2016 2015 AES Hawaii $ 38 $ 37 $ 112 $ 97 Kalaeloa 44 51 109 143 HEP 8 13 23 34 Hpower 19 18 52 50 Puna Geothermal Venture 7 8 19 22 Hawaiian Commercial & Sugar (HC&S) 1 2 1 7 Other IPPs 41 32 97 93 Total IPPs $ 158 $ 161 $ 413 $ 446
Schedule of changes in asset retirement obligation	Changes to the ARO liability included in “Other liabilities” on Hawaiian Electric’s balance sheet were as follows: Nine months ended September 30 (in thousands) 2016 2015 Balance, beginning of period $ 26,848 $ 29,419 Accretion expense 10 18 Liabilities incurred — — Liabilities settled (661 ) (2,349 ) Revisions in estimated cash flows — — Balance, end of period $ 26,197 $ 27,088
Schedule of annual decoupling filings	($ in millions) Hawaiian Electric Hawaii Electric Light Maui Electric Annual incremental RAM adjusted revenues $ 11.0 $ 2.3 $ 2.4 Annual change in accrued earnings sharing credits $ — $ — $ 0.5 Annual change in accrued RBA balance as of December 31, 2015 (and associated revenue taxes) $ (13.6 ) $ (2.5 ) $ (4.3 ) Net annual incremental decrease in amount to be collected under the tariffs $ (2.6 ) $ (0.2 ) $ (1.4 ) Impact on typical residential customer monthly bill (in dollars) * $ 0.01 $ 0.13 $ (0.95 ) * Based on a 500 kilowatthour (KWH) bill for Hawaiian Electric, Maui Electric and Hawaii Electric Light. The bill impact for Lanai and Molokai customers is a decrease of $0.76 , based on a 400 KWH bill. Although Hawaiian Electric and Hawaii Electric Light have a net annual incremental decrease in amount to be collected under the tariffs, their bills will increase by $0.01 and $0.13 , respectively, due to lower anticipated KWH sales.
Schedule of derivative financial instruments	September 30, 2016 December 31, 2015 (dollars in thousands) Notional amount Fair value Notional amount Fair value Window forward contract $ 20,725 $ 664 $ — $ —
Schedule of consolidating statements of income (loss)	Consolidating Statement of Income (unaudited) Nine months ended September 30, 2015 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Revenues $ 1,254,142 261,604 264,057 — (71 ) $ 1,779,732 Expenses Fuel oil 364,875 56,834 96,961 — — 518,670 Purchased power 329,922 73,161 42,726 — — 445,809 Other operation and maintenance 206,133 51,493 48,893 — — 306,519 Depreciation 88,167 27,938 16,735 — — 132,840 Taxes, other than income taxes 119,603 24,783 25,054 — — 169,440 Total expenses 1,108,700 234,209 230,369 — — 1,573,278 Operating income 145,442 27,395 33,688 — (71 ) 206,454 Allowance for equity funds used during construction 4,418 458 490 — — 5,366 Equity in earnings of subsidiaries 29,174 — — — (29,174 ) — Interest expense and other charges, net (33,996 ) (7,946 ) (7,299 ) — 71 (49,170 ) Allowance for borrowed funds used during construction 1,557 164 197 — — 1,918 Income before income taxes 146,595 20,071 27,076 — (29,174 ) 164,568 Income taxes 43,064 7,210 10,077 — — 60,351 Net income 103,531 12,861 16,999 — (29,174 ) 104,217 Preferred stock dividends of subsidiaries — 400 286 — — 686 Net income attributable to Hawaiian Electric 103,531 12,461 16,713 — (29,174 ) 103,531 Preferred stock dividends of Hawaiian Electric 810 — — — — 810 Net income for common stock $ 102,721 12,461 16,713 — (29,174 ) $ 102,721 Consolidating Statement of Income (unaudited) Three months ended September 30, 2015 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Revenues $ 463,394 89,817 94,941 — (25 ) $ 648,127 Expenses Fuel oil 142,194 17,208 36,231 — — 195,633 Purchased power 119,302 26,713 14,503 — — 160,518 Other operation and maintenance 69,621 18,936 15,096 — — 103,653 Depreciation 29,389 9,313 5,654 — — 44,356 Taxes, other than income taxes 43,923 8,455 8,932 — — 61,310 Total expenses 404,429 80,625 80,416 — — 565,470 Operating income 58,965 9,192 14,525 — (25 ) 82,657 Allowance for equity funds used during construction 1,714 148 195 — — 2,057 Equity in earnings of subsidiaries 11,858 — — — (11,858 ) — Interest expense and other charges, net (11,468 ) (2,674 ) (2,440 ) — 25 (16,557 ) Allowance for borrowed funds used during construction 605 53 79 — — 737 Income before income taxes 61,674 6,719 12,359 — (11,858 ) 68,894 Income taxes 18,398 2,397 4,595 — — 25,390 Net income 43,276 4,322 7,764 — (11,858 ) 43,504 Preferred stock dividends of subsidiaries — 133 95 — — 228 Net income attributable to Hawaiian Electric 43,276 4,189 7,669 — (11,858 ) 43,276 Preferred stock dividends of Hawaiian Electric 270 — — — — 270 Net income for common stock $ 43,006 4,189 7,669 — (11,858 ) $ 43,006 Consolidating Statement of Income (unaudited) Three months ended September 30, 2016 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Revenues $ 404,352 83,105 84,831 — (35 ) $ 572,253 Expenses Fuel oil 88,676 14,603 25,345 — — 128,624 Purchased power 118,751 22,728 16,271 — — 157,750 Other operation and maintenance 64,683 15,017 15,089 — — 94,789 Depreciation 31,520 9,449 5,790 — — 46,759 Taxes, other than income taxes 38,666 7,836 8,017 — — 54,519 Total expenses 342,296 69,633 70,512 — — 482,441 Operating income 62,056 13,472 14,319 — (35 ) 89,812 Allowance for equity funds used during construction 1,806 238 230 — — 2,274 Equity in earnings of subsidiaries 14,729 — — — (14,729 ) — Interest expense and other charges, net (11,903 ) (2,972 ) (2,483 ) — 35 (17,323 ) Allowance for borrowed funds used during construction 669 91 94 — — 854 Income before income taxes 67,357 10,829 12,160 — (14,729 ) 75,617 Income taxes 20,113 3,392 4,640 — — 28,145 Net income 47,244 7,437 7,520 — (14,729 ) 47,472 Preferred stock dividends of subsidiaries — 133 95 — — 228 Net income attributable to Hawaiian Electric 47,244 7,304 7,425 — (14,729 ) 47,244 Preferred stock dividends of Hawaiian Electric 270 — — — — 270 Net income for common stock $ 46,974 7,304 7,425 — (14,729 ) $ 46,974 Consolidating Statement of Income (unaudited) Nine months ended September 30, 2016 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Revenues $ 1,088,537 229,940 231,295 — (72 ) $ 1,549,700 Expenses Fuel oil 224,995 40,725 68,543 — — 334,263 Purchased power 313,730 58,885 40,052 — — 412,667 Other operation and maintenance 202,438 46,574 49,248 — — 298,260 Depreciation 94,564 28,347 17,389 — — 140,300 Taxes, other than income taxes 104,764 21,632 21,990 — — 148,386 Total expenses 940,491 196,163 197,222 — — 1,333,876 Operating income 148,046 33,777 34,073 — (72 ) 215,824 Allowance for equity funds used during construction 4,771 571 668 — — 6,010 Equity in earnings of subsidiaries 33,541 — — — (33,541 ) — Interest expense and other charges, net (34,113 ) (8,606 ) (7,087 ) — 72 (49,734 ) Allowance for borrowed funds used during construction 1,785 219 272 — — 2,276 Income before income taxes 154,030 25,961 27,926 — (33,541 ) 174,376 Income taxes 45,022 9,075 10,585 — — 64,682 Net income 109,008 16,886 17,341 — (33,541 ) 109,694 Preferred stock dividends of subsidiaries — 400 286 — — 686 Net income attributable to Hawaiian Electric 109,008 16,486 17,055 — (33,541 ) 109,008 Preferred stock dividends of Hawaiian Electric 810 — — — — 810 Net income for common stock $ 108,198 16,486 17,055 — (33,541 ) $ 108,198
Schedule of consolidating statement of comprehensive income (loss)	Consolidating Statement of Comprehensive Income (unaudited) Three months ended September 30, 2016 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Net income for common stock $ 46,974 7,304 7,425 — (14,729 ) $ 46,974 Other comprehensive income (loss), net of taxes: Derivatives qualified as cash flow hedges: Effective portion of foreign currency hedge net unrealized loss, net of tax benefits 321 — — — — 321 Less: reclassification adjustment to net income, net of tax benefits (173 ) — — — — (173 ) Retirement benefit plans: Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits 3,314 429 387 — (816 ) 3,314 Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes (3,311 ) (429 ) (389 ) — 818 (3,311 ) Other comprehensive income (loss), net of taxes 151 — (2 ) — 2 151 Comprehensive income attributable to common shareholder $ 47,125 7,304 7,423 — (14,727 ) $ 47,125 Consolidating Statement of Comprehensive Income (unaudited) Nine months ended September 30, 2015 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Net income for common stock $ 102,721 12,461 16,713 — (29,174 ) $ 102,721 Other comprehensive income (loss), net of taxes: Retirement benefit plans: Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits 15,285 2,046 1,878 — (3,924 ) 15,285 Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes (15,274 ) (2,050 ) (1,882 ) — 3,932 (15,274 ) Other comprehensive income (loss), net of taxes 11 (4 ) (4 ) — 8 11 Comprehensive income attributable to common shareholder $ 102,732 12,457 16,709 — (29,166 ) $ 102,732 Consolidating Statement of Comprehensive Income (unaudited) Three months ended September 30, 2015 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Net income for common stock $ 43,006 4,189 7,669 — (11,858 ) $ 43,006 Other comprehensive income (loss), net of taxes: Retirement benefit plans: Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits 5,095 682 626 — (1,308 ) 5,095 Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes (5,091 ) (683 ) (627 ) — 1,310 (5,091 ) Other comprehensive income (loss), net of taxes 4 (1 ) (1 ) — 2 4 Comprehensive income attributable to common shareholder $ 43,010 4,188 7,668 — (11,856 ) $ 43,010 Consolidating Statement of Comprehensive Income (unaudited) Nine months ended September 30, 2016 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Net income for common stock $ 108,198 16,486 17,055 — (33,541 ) $ 108,198 Other comprehensive income (loss), net of taxes: Derivatives qualified as cash flow hedges: Effective portion of foreign currency hedge net unrealized gain, net of taxes 578 — — — — 578 Less: reclassification adjustment to net income, net of tax benefits (173 ) — — — — (173 ) Retirement benefit plans: Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits 9,941 1,288 1,162 — (2,450 ) 9,941 Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes (9,934 ) (1,289 ) (1,166 ) — 2,455 (9,934 ) Other comprehensive income (loss), net of taxes 412 (1 ) (4 ) — 5 412 Comprehensive income attributable to common shareholder $ 108,610 16,485 17,051 — (33,536 ) $ 108,610
Schedule of consolidating balance sheets	Consolidating Balance Sheet (unaudited) December 31, 2015 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consoli- dating adjustments Hawaiian Electric Assets Property, plant and equipment Utility property, plant and equipment Land $ 43,557 6,219 3,016 — — $ 52,792 Plant and equipment 4,026,079 1,212,195 1,077,424 — — 6,315,698 Less accumulated depreciation (1,316,467 ) (486,028 ) (463,509 ) — — (2,266,004 ) Construction in progress 147,979 11,455 15,875 — — 175,309 Utility property, plant and equipment, net 2,901,148 743,841 632,806 — — 4,277,795 Nonutility property, plant and equipment, less accumulated depreciation 5,659 82 1,531 — — 7,272 Total property, plant and equipment, net 2,906,807 743,923 634,337 — — 4,285,067 Investment in wholly owned subsidiaries, at equity 556,528 — — — (556,528 ) — Current assets Cash and cash equivalents 16,281 2,682 5,385 101 — 24,449 Advances to affiliates — 15,500 7,500 — (23,000 ) — Customer accounts receivable, net 93,515 20,508 18,755 — — 132,778 Accrued unbilled revenues, net 60,080 12,531 11,898 — — 84,509 Other accounts receivable, net 16,421 1,275 1,674 — (8,962 ) 10,408 Fuel oil stock, at average cost 49,455 8,310 13,451 — — 71,216 Materials and supplies, at average cost 30,921 6,865 16,643 — — 54,429 Prepayments and other 25,505 9,091 2,295 — (251 ) 36,640 Regulatory assets 63,615 4,501 4,115 — — 72,231 Total current assets 355,793 81,263 81,716 101 (32,213 ) 486,660 Other long-term assets Regulatory assets 608,957 114,562 100,981 — — 824,500 Unamortized debt expense 359 74 64 — — 497 Other 47,731 14,693 13,062 — — 75,486 Total other long-term assets 657,047 129,329 114,107 — — 900,483 Total assets $ 4,476,175 954,515 830,160 101 (588,741 ) $ 5,672,210 Capitalization and liabilities Capitalization Common stock equity $ 1,728,325 292,702 263,725 101 (556,528 ) $ 1,728,325 Cumulative preferred stock—not subject to mandatory redemption 22,293 7,000 5,000 — — 34,293 Long-term debt, net 875,163 213,580 189,959 — — 1,278,702 Total capitalization 2,625,781 513,282 458,684 101 (556,528 ) 3,041,320 Current liabilities Short-term borrowings from affiliate 23,000 — — — (23,000 ) — Accounts payable 84,631 17,702 12,513 — — 114,846 Interest and preferred dividends payable 15,747 4,255 3,113 — (4 ) 23,111 Taxes accrued 131,668 30,342 29,325 — (251 ) 191,084 Regulatory liabilities — 1,030 1,174 — — 2,204 Other 41,083 8,760 13,194 — (8,958 ) 54,079 Total current liabilities 296,129 62,089 59,319 — (32,213 ) 385,324 Deferred credits and other liabilities Deferred income taxes 466,133 100,681 87,706 — 286 654,806 Regulatory liabilities 254,033 84,623 30,683 — — 369,339 Unamortized tax credits 54,078 15,406 14,730 — — 84,214 Defined benefit pension and other postretirement benefit plans liability 409,021 69,893 74,060 — — 552,974 Other 51,273 13,243 13,916 — (286 ) 78,146 Total deferred credits and other liabilities 1,234,538 283,846 221,095 — — 1,739,479 Contributions in aid of construction 319,727 95,298 91,062 — — 506,087 Total capitalization and liabilities $ 4,476,175 954,515 830,160 101 (588,741 ) $ 5,672,210 Consolidating Balance Sheet (unaudited) September 30, 2016 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consoli- dating adjustments Hawaiian Electric Assets Property, plant and equipment Utility property, plant and equipment Land $ 43,945 6,214 3,016 — — $ 53,175 Plant and equipment 4,148,099 1,234,234 1,101,229 — — 6,483,562 Less accumulated depreciation (1,362,474 ) (503,109 ) (478,018 ) — — (2,343,601 ) Construction in progress 197,715 18,503 20,390 — — 236,608 Utility property, plant and equipment, net 3,027,285 755,842 646,617 — — 4,429,744 Nonutility property, plant and equipment, less accumulated depreciation 5,761 82 1,531 — — 7,374 Total property, plant and equipment, net 3,033,046 755,924 648,148 — — 4,437,118 Investment in wholly owned subsidiaries, at equity 570,358 — — — (570,358 ) — Current assets Cash and cash equivalents 9,821 7,008 6,047 101 — 22,977 Advances to affiliates — 18,500 15,500 — (34,000 ) — Customer accounts receivable, net 93,253 21,646 19,519 — — 134,418 Accrued unbilled revenues, net 69,753 12,904 12,510 — — 95,167 Other accounts receivable, net 11,469 2,852 2,316 — (12,008 ) 4,629 Fuel oil stock, at average cost 45,298 6,885 12,297 — — 64,480 Materials and supplies, at average cost 32,676 8,424 16,256 — — 57,356 Prepayments and other 28,073 4,484 3,548 — (460 ) 35,645 Regulatory assets 67,042 4,582 3,057 — — 74,681 Total current assets 357,385 87,285 91,050 101 (46,468 ) 489,353 Other long-term assets Regulatory assets 594,723 111,715 98,656 — — 805,094 Unamortized debt expense 193 33 41 — — 267 Other 42,872 12,786 13,336 — — 68,994 Total other long-term assets 637,788 124,534 112,033 — — 874,355 Total assets $ 4,598,577 967,743 851,231 101 (616,826 ) $ 5,800,826 Capitalization and liabilities Capitalization Common stock equity $ 1,766,727 299,276 270,981 101 (570,358 ) $ 1,766,727 Cumulative preferred stock—not subject to mandatory redemption 22,293 7,000 5,000 — — 34,293 Long-term debt, net 875,573 213,673 190,081 — — 1,279,327 Total capitalization 2,664,593 519,949 466,062 101 (570,358 ) 3,080,347 Current liabilities Short-term borrowings from affiliate 55,000 — — — (34,000 ) 21,000 Accounts payable 79,341 14,844 13,312 — — 107,497 Interest and preferred dividends payable 17,863 4,034 4,048 — (11 ) 25,934 Taxes accrued 115,245 27,669 24,822 — (460 ) 167,276 Regulatory liabilities — 1,777 1,210 — — 2,987 Other 46,326 9,856 12,568 — (11,997 ) 56,753 Total current liabilities 313,775 58,180 55,960 — (46,468 ) 381,447 Deferred credits and other liabilities Deferred income taxes 510,457 105,574 98,213 — 315 714,559 Regulatory liabilities 274,070 91,897 31,525 — — 397,492 Unamortized tax credits 57,058 15,774 14,962 — — 87,794 Defined benefit pension and other postretirement benefit plans liability 396,468 67,415 72,029 — — 535,912 Other 50,068 13,436 14,595 — (315 ) 77,784 Total deferred credits and other liabilities 1,288,121 294,096 231,324 — — 1,813,541 Contributions in aid of construction 332,088 95,518 97,885 — — 525,491 Total capitalization and liabilities $ 4,598,577 967,743 851,231 101 (616,826 ) $ 5,800,826
Schedule of consolidating statement of changes in common stock equity	Consolidating Statement of Changes in Common Stock Equity (unaudited) Nine months ended September 30, 2016 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Balance, December 31, 2015 $ 1,728,325 292,702 263,725 101 (556,528 ) $ 1,728,325 Net income for common stock 108,198 16,486 17,055 — (33,541 ) 108,198 Other comprehensive income (loss), net of taxes 412 (1 ) (4 ) — 5 412 Common stock dividends (70,199 ) (9,906 ) (9,795 ) — 19,701 (70,199 ) Common stock issuance expenses (9 ) (5 ) — — 5 (9 ) Balance, September 30, 2016 $ 1,766,727 299,276 270,981 101 (570,358 ) $ 1,766,727 Consolidating Statement of Changes in Common Stock Equity (unaudited) Nine months ended September 30, 2015 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Balance, December 31, 2014 $ 1,682,144 281,846 256,692 101 (538,639 ) $ 1,682,144 Net income for common stock 102,721 12,461 16,713 — (29,174 ) 102,721 Other comprehensive income (loss), net of taxes 11 (4 ) (4 ) — 8 11 Common stock dividends (67,804 ) (7,515 ) (11,382 ) — 18,897 (67,804 ) Common stock issuance expenses (8 ) — (1 ) — 1 (8 ) Balance, September 30, 2015 $ 1,717,064 286,788 262,018 101 (548,907 ) $ 1,717,064
Schedule of condensed consolidating statement of cash flows	Consolidating Statement of Cash Flows (unaudited) Nine months ended September 30, 2016 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other subsidiaries Consolidating adjustments Hawaiian Electric Cash flows from operating activities Net income $ 109,008 16,886 17,341 — (33,541 ) $ 109,694 Adjustments to reconcile net income to net cash provided by operating activities: Equity in earnings of subsidiaries (33,616 ) — — — 33,541 (75 ) Common stock dividends received from subsidiaries 19,776 — — — (19,701 ) 75 Depreciation of property, plant and equipment 94,564 28,347 17,389 — — 140,300 Other amortization 2,462 1,366 1,552 — — 5,380 Deferred income taxes 41,005 4,529 10,085 — 29 55,648 Tax credits, net 4,314 464 478 — — 5,256 Allowance for equity funds used during construction (4,771 ) (571 ) (668 ) — — (6,010 ) Other (1,389 ) (302 ) (331 ) — — (2,022 ) Changes in assets and liabilities: Decrease (increase) in accounts receivable 328 (2,716 ) (1,313 ) — 3,046 (655 ) Increase in accrued unbilled revenues (9,673 ) (373 ) (612 ) — — (10,658 ) Decrease in fuel oil stock 4,157 1,425 1,154 — — 6,736 Decrease (increase) in materials and supplies (1,755 ) (1,559 ) 387 — — (2,927 ) Decrease (increase) in regulatory assets (2,474 ) (150 ) 373 — — (2,251 ) Increase (decrease) in accounts payable (2,628 ) 143 1,809 — — (676 ) Change in prepaid and accrued income and utility revenue taxes (7,324 ) 2,230 (4,472 ) — (29 ) (9,595 ) Increase (decrease) in defined benefit pension and other postretirement benefit plans liability 449 40 (129 ) — — 360 Change in other assets and liabilities (10,548 ) 2,856 (2,571 ) — (3,046 ) (13,309 ) Net cash provided by operating activities 201,885 52,615 40,472 — (19,701 ) 275,271 Cash flows from investing activities Capital expenditures (188,415 ) (37,835 ) (24,454 ) — — (250,704 ) Contributions in aid of construction 18,181 2,691 2,696 — — 23,568 Other 901 169 30 — — 1,100 Advances from affiliates — (3,000 ) (8,000 ) — 11,000 — Net cash used in investing activities (169,333 ) (37,975 ) (29,728 ) — 11,000 (226,036 ) Cash flows from financing activities Common stock dividends (70,199 ) (9,906 ) (9,795 ) — 19,701 (70,199 ) Preferred stock dividends of Hawaiian Electric and subsidiaries (810 ) (400 ) (286 ) — — (1,496 ) Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less 32,000 — — — (11,000 ) 21,000 Other (3 ) (8 ) (1 ) — — (12 ) Net cash used in financing activities (39,012 ) (10,314 ) (10,082 ) — 8,701 (50,707 ) Net increase (decrease) in cash and cash equivalents (6,460 ) 4,326 662 — — (1,472 ) Cash and cash equivalents, beginning of period 16,281 2,682 5,385 101 — 24,449 Cash and cash equivalents, end of period $ 9,821 7,008 6,047 101 — $ 22,977 Consolidating Statement of Cash Flows (unaudited) Nine months ended September 30, 2015 (in thousands) Hawaiian Electric Hawaii Electric Light Maui Electric Other Consolidating Hawaiian Electric Cash flows from operating activities Net income $ 103,531 12,861 16,999 — (29,174 ) $ 104,217 Adjustments to reconcile net income to net cash provided by operating activities: Equity in earnings of subsidiaries (29,249 ) — — — 29,174 (75 ) Common stock dividends received from subsidiaries 18,972 — — — (18,897 ) 75 Depreciation of property, plant and equipment 88,167 27,938 16,735 — — 132,840 Other amortization 2,029 1,331 1,639 — — 4,999 Deferred income taxes 46,493 907 10,497 — 314 58,211 Tax credits, net 3,680 372 195 — — 4,247 Allowance for equity funds used during construction (4,418 ) (458 ) (490 ) — — (5,366 ) Impairment of utility assets 3,380 724 724 4,828 Other 221 (286 ) (261 ) (326 ) Changes in assets and liabilities: Decrease (increase) in accounts receivable (4,226 ) (2,071 ) 43 — 1,790 (4,464 ) Decrease in accrued unbilled revenues 6,283 3,696 3,817 — — 13,796 Decrease in fuel oil stock 25,019 5,358 5,565 — — 35,942 Decrease (increase) in materials and supplies (759 ) (1,615 ) 651 — — (1,723 ) Increase in regulatory assets (19,138 ) (3,944 ) (376 ) — — (23,458 ) Decrease in accounts payable (34,476 ) (4,070 ) (1,829 ) — — (40,375 ) Change in prepaid and accrued income and utility revenue taxes (52,505 ) (2,276 ) (6,540 ) — (314 ) (61,635 ) Increase in defined benefit pension and other postretirement benefit plans liability — — 331 — — 331 Change in other assets and liabilities (16,847 ) 722 (2,563 ) — (1,790 ) (20,478 ) Net cash provided by operating activities 136,157 39,189 45,137 — (18,897 ) 201,586 Cash flows from investing activities Capital expenditures (204,406 ) (34,048 ) (27,067 ) — — (265,521 ) Contributions in aid of construction 30,153 2,940 1,534 — — 34,627 Other 583 124 71 — — 778 Advances from affiliates 4,100 — (2,500 ) — (1,600 ) — Net cash used in investing activities (169,570 ) (30,984 ) (27,962 ) — (1,600 ) (230,116 ) Cash flows from financing activities Common stock dividends (67,804 ) (7,515 ) (11,382 ) — 18,897 (67,804 ) Preferred stock dividends of Hawaiian Electric and subsidiaries (810 ) (400 ) (286 ) — — (1,496 ) Net increase (decrease) in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less 97,495 1,500 (5,600 ) — 1,600 94,995 Other (219 ) (3 ) (1 ) — — (223 ) Net cash provided by (used in) financing activities 28,662 (6,418 ) (17,269 ) — 20,497 25,472 Net increase (decrease) in cash and cash equivalents (4,751 ) 1,787 (94 ) — — (3,058 ) Cash and cash equivalents, beginning of period 12,416 612 633 101 — 13,762 Cash and cash equivalents, end of period $ 7,665 2,399 539 101 — $ 10,704

Bank segment (Tables)

Bank segment (Tables)	9 Months Ended
	Sep. 30, 2016
Bank subsidiary
Schedule of statements of income data	Statements of Income Data Three months ended September 30 Nine months ended September 30 (in thousands) 2016 2015 2016 2015 Interest and dividend income Interest and fees on loans $ 50,444 $ 46,413 $ 148,571 $ 137,646 Interest and dividends on investment securities 4,759 4,213 14,219 10,570 Total interest and dividend income 55,203 50,626 162,790 148,216 Interest expense Interest on deposit liabilities 1,871 1,355 5,154 3,881 Interest on other borrowings 1,464 1,515 4,416 4,468 Total interest expense 3,335 2,870 9,570 8,349 Net interest income 51,868 47,756 153,220 139,867 Provision for loan losses 5,747 2,997 15,266 5,436 Net interest income after provision for loan losses 46,121 44,759 137,954 134,431 Noninterest income Fees from other financial services 5,599 5,639 16,799 16,544 Fee income on deposit liabilities 5,627 5,883 16,045 16,622 Fee income on other financial products 2,151 2,096 6,563 6,088 Bank-owned life insurance 1,616 1,021 3,620 3,062 Mortgage banking income 2,347 1,437 5,096 5,327 Gains on sale of investment securities, net — — 598 — Other income, net 1,165 2,389 1,786 3,363 Total noninterest income 18,505 18,465 50,507 51,006 Noninterest expense Compensation and employee benefits 22,844 22,728 67,197 66,813 Occupancy 3,991 4,128 12,244 12,250 Data processing 3,150 3,032 9,599 9,101 Services 2,427 2,556 8,093 7,730 Equipment 1,759 1,608 5,193 4,999 Office supplies, printing and postage 1,483 1,511 4,431 4,297 Marketing 747 934 2,507 2,619 FDIC insurance 907 809 2,704 2,393 Other expense 4,591 5,116 13,948 14,076 Total noninterest expense 41,899 42,422 125,916 124,278 Income before income taxes 22,727 20,802 62,545 61,159 Income taxes 7,623 7,351 21,483 21,382 Net income $ 15,104 $ 13,451 $ 41,062 $ 39,777
Schedule of statements of comprehensive income data	Statements of Comprehensive Income Data Three months ended September 30 Nine months ended September 30 (in thousands) 2016 2015 2016 2015 Net income $ 15,104 $ 13,451 $ 41,062 $ 39,777 Other comprehensive income (loss), net of taxes: Net unrealized gains (losses) on available-for-sale investment securities: Net unrealized gains (losses) on available-for-sale investment securities arising during the period, net of (taxes) benefits of $1,417, $(2,543), $(5,413) and $(2,382) for the respective periods (2,147 ) 3,851 8,197 3,608 Less: reclassification adjustment for net realized gains included in net income, net of taxes of nil, nil, $238 and nil for the respective periods — — (360 ) — Retirement benefit plans: Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $144, $249, $421 and $763 for the respective periods 219 376 638 1,155 Other comprehensive income (loss), net of taxes (1,928 ) 4,227 8,475 4,763 Comprehensive income $ 13,176 $ 17,678 $ 49,537 $ 44,540
Schedule of balance sheets data	Balance Sheets Data (in thousands) September 30, 2016 December 31, 2015 Assets Cash and due from banks $ 109,591 $ 127,201 Interest-bearing deposits 103,989 93,680 Available-for-sale investment securities, at fair value 996,984 820,648 Stock in Federal Home Loan Bank, at cost 11,218 10,678 Loans receivable held for investment 4,734,638 4,615,819 Allowance for loan losses (58,737 ) (50,038 ) Net loans 4,675,901 4,565,781 Loans held for sale, at lower of cost or fair value 26,743 4,631 Other 330,054 309,946 Goodwill 82,190 82,190 Total assets $ 6,336,670 $ 6,014,755 Liabilities and shareholder’s equity Deposit liabilities—noninterest-bearing $ 1,570,613 $ 1,520,374 Deposit liabilities—interest-bearing 3,810,108 3,504,880 Other borrowings 265,388 328,582 Other 106,396 101,029 Total liabilities 5,752,505 5,454,865 Commitments and contingencies Common stock 1 1 Additional paid in capital 342,234 340,496 Retained earnings 250,726 236,664 Accumulated other comprehensive loss, net of tax benefits Net unrealized gains (losses) on securities $ 5,965 $ (1,872 ) Retirement benefit plans (14,761 ) (8,796 ) (15,399 ) (17,271 ) Total shareholder’s equity 584,165 559,890 Total liabilities and shareholder’s equity $ 6,336,670 $ 6,014,755 Other assets Bank-owned life insurance $ 141,262 $ 138,139 Premises and equipment, net 91,354 88,077 Prepaid expenses 4,072 3,550 Accrued interest receivable 15,489 15,192 Mortgage-servicing rights 9,191 8,884 Low-income housing equity investments 48,474 37,793 Real estate acquired in settlement of loans, net 219 1,030 Other 19,993 17,281 $ 330,054 $ 309,946 Other liabilities Accrued expenses $ 37,671 $ 30,705 Federal and state income taxes payable 13,971 13,448 Cashier’s checks 24,923 21,768 Advance payments by borrowers 5,531 10,311 Other 24,300 24,797 $ 106,396 $ 101,029
Schedule of the book value and aggregate fair value by major security type	The major components of investment securities were as follows: Amortized cost Gross unrealized gains Gross unrealized losses Estimated fair value Gross unrealized losses Less than 12 months 12 months or longer (dollars in thousands) Number of issues Fair value Amount Number of issues Fair value Amount September 30, 2016 Available-for-sale U.S. Treasury and federal agency obligations $ 186,287 $ 3,125 $ (40 ) $ 189,372 1 $ 9,988 $ (12 ) 1 $ 3,834 $ (28 ) Mortgage-related securities- FNMA, FHLMC and GNMA 800,794 7,782 (964 ) 807,612 18 134,687 (323 ) 13 51,458 (641 ) $ 987,081 $ 10,907 $ (1,004 ) $ 996,984 19 $ 144,675 $ (335 ) 14 $ 55,292 $ (669 ) December 31, 2015 Available-for-sale U.S. Treasury and federal agency obligations $ 213,234 $ 1,025 $ (1,300 ) $ 212,959 13 $ 83,053 $ (866 ) 3 $ 17,378 $ (434 ) Mortgage-related securities- FNMA, FHLMC and GNMA 610,522 3,564 (6,397 ) 607,689 38 305,785 (2,866 ) 25 125,817 (3,531 ) $ 823,756 $ 4,589 $ (7,697 ) $ 820,648 51 $ 388,838 $ (3,732 ) 28 $ 143,195 $ (3,965 )
Schedule of contractual maturities of available-for-sale securities	The contractual maturities of available-for-sale investment securities were as follows: September 30, 2016 Amortized cost Fair value (in thousands) Due in one year or less $ — $ — Due after one year through five years 87,165 88,754 Due after five years through ten years 78,222 79,534 Due after ten years 20,900 21,084 186,287 189,372 Mortgage-related securities-FNMA,FHLMC and GNMA 800,794 807,612 Total available-for-sale securities $ 987,081 $ 996,984
Schedule of allowance for loan losses	The allowance for loan losses (balances and changes) and financing receivables were as follows: (in thousands) Residential 1-4 family Commercial real estate Home Residential land Commercial construction Residential construction Commercial loans Consumer loans Unallo-cated Total Three months ended September 30, 2016 Allowance for loan losses: Beginning balance $ 4,384 $ 13,561 $ 7,836 $ 1,689 $ 6,993 $ 12 $ 17,085 $ 3,771 $ — $ 55,331 Charge-offs (373 ) — (108 ) — — — (833 ) (1,879 ) — (3,193 ) Recoveries 92 — 15 187 — — 347 211 — 852 Provision 154 1,289 (248 ) 23 179 (2 ) 2,457 1,895 — 5,747 Ending balance $ 4,257 $ 14,850 $ 7,495 $ 1,899 $ 7,172 $ 10 $ 19,056 $ 3,998 $ — $ 58,737 Three months ended September 30, 2015 Allowance for loan losses: Beginning balance $ 4,291 $ 10,420 $ 6,613 $ 2,103 $ 2,575 $ 18 $ 17,469 $ 2,876 $ — $ 46,365 Charge-offs (138 ) — (185 ) — — — (126 ) (1,271 ) — (1,720 ) Recoveries 45 — 33 34 — — 279 241 — 632 Provision 285 987 446 (73 ) 944 (5 ) (920 ) 1,333 — 2,997 Ending balance $ 4,483 $ 11,407 $ 6,907 $ 2,064 $ 3,519 $ 13 $ 16,702 $ 3,179 $ — $ 48,274 Nine months ended September 30, 2016 Allowance for loan losses: Beginning balance $ 4,186 $ 11,342 $ 7,260 $ 1,671 $ 4,461 $ 13 $ 17,208 $ 3,897 $ — $ 50,038 Charge-offs (433 ) — (108 ) — — — (3,138 ) (4,977 ) — (8,656 ) Recoveries 144 — 46 306 — — 907 686 — 2,089 Provision 360 3,508 297 (78 ) 2,711 (3 ) 4,079 4,392 — 15,266 Ending balance $ 4,257 $ 14,850 $ 7,495 $ 1,899 $ 7,172 $ 10 $ 19,056 $ 3,998 $ — $ 58,737 September 30, 2016 Ending balance: individually evaluated for impairment $ 1,625 $ 161 $ 1,040 $ 951 $ — $ — $ 4,734 $ 2 $ 8,513 Ending balance: collectively evaluated for impairment $ 2,632 $ 14,689 $ 6,455 $ 948 $ 7,172 $ 10 $ 14,322 $ 3,996 $ — $ 50,224 Financing Receivables: Ending balance $ 2,054,460 $ 774,349 $ 859,952 $ 19,666 $ 140,758 $ 15,073 $ 717,450 $ 158,065 $ 4,739,773 Ending balance: individually evaluated for impairment $ 21,566 $ 3,762 $ 5,886 $ 4,428 $ — $ — $ 28,685 $ 11 $ 64,338 Ending balance: collectively evaluated for impairment $ 2,032,894 $ 770,587 $ 854,066 $ 15,238 $ 140,758 $ 15,073 $ 688,765 $ 158,054 $ 4,675,435 Nine months ended September 30, 2015 Allowance for loan losses: Beginning balance $ 4,662 $ 8,954 $ 6,982 $ 1,875 $ 5,471 $ 28 $ 14,017 $ 3,629 $ — $ 45,618 Charge-offs (352 ) — (205 ) — — — (928 ) (3,196 ) — (4,681 ) Recoveries 112 — 72 219 — — 726 772 — 1,901 Provision 61 2,453 58 (30 ) (1,952 ) (15 ) 2,887 1,974 — 5,436 Ending balance $ 4,483 $ 11,407 $ 6,907 $ 2,064 $ 3,519 $ 13 $ 16,702 $ 3,179 $ — $ 48,274 December 31, 2015 Ending balance: individually evaluated for impairment $ 1,453 $ — $ 442 $ 891 $ — $ — $ 3,527 $ 7 $ 6,320 Ending balance: collectively evaluated for impairment $ 2,733 $ 11,342 $ 6,818 $ 780 $ 4,461 $ 13 $ 13,681 $ 3,890 $ — $ 43,718 Financing Receivables: Ending balance $ 2,069,665 $ 690,561 $ 846,294 $ 18,229 $ 100,796 $ 14,089 $ 758,659 $ 123,775 $ 4,622,068 Ending balance: individually evaluated for impairment $ 22,457 $ 1,188 $ 3,225 $ 5,683 $ — $ — $ 21,119 $ 13 $ 53,685 Ending balance: collectively evaluated for impairment $ 2,047,208 $ 689,373 $ 843,069 $ 12,546 $ 100,796 $ 14,089 $ 737,540 $ 123,762 $ 4,568,383
Schedule of credit risk profile by internally assigned grade for loans	The credit risk profile by internally assigned grade for loans was as follows: September 30, 2016 December 31, 2015 (in thousands) Commercial real estate Commercial construction Commercial Commercial real estate Commercial construction Commercial Grade: Pass $ 681,712 $ 114,325 $ 643,547 $ 642,410 $ 86,991 $ 703,208 Special mention 58,411 — 17,654 7,710 13,805 7,029 Substandard 34,226 26,433 54,156 40,441 — 47,975 Doubtful — — 2,093 — — 447 Loss — — — — — — Total $ 774,349 $ 140,758 $ 717,450 $ 690,561 $ 100,796 $ 758,659
Schedule of credit risk profile based on payment activity for loans	The credit risk profile based on payment activity for loans was as follows: (in thousands) 30-59 days past due 60-89 days past due Greater than 90 days Total past due Current Total financing receivables Recorded investment> 90 days and accruing September 30, 2016 Real estate: Residential 1-4 family $ 4,293 $ 1,626 $ 10,576 $ 16,495 $ 2,037,965 $ 2,054,460 $ — Commercial real estate — — — — 774,349 774,349 — Home equity line of credit 827 787 674 2,288 857,664 859,952 — Residential land — — 541 541 19,125 19,666 393 Commercial construction — — — — 140,758 140,758 — Residential construction — — — — 15,073 15,073 — Commercial 681 997 19 1,697 715,753 717,450 — Consumer 1,708 636 813 3,157 154,908 158,065 — Total loans $ 7,509 $ 4,046 $ 12,623 $ 24,178 $ 4,715,595 $ 4,739,773 $ 393 December 31, 2015 Real estate: Residential 1-4 family $ 4,967 $ 3,289 $ 11,503 $ 19,759 $ 2,049,906 $ 2,069,665 $ — Commercial real estate — — — — 690,561 690,561 — Home equity line of credit 896 706 477 2,079 844,215 846,294 — Residential land — — 415 415 17,814 18,229 — Commercial construction — — — — 100,796 100,796 — Residential construction — — — — 14,089 14,089 — Commercial 125 223 878 1,226 757,433 758,659 — Consumer 1,383 593 644 2,620 121,155 123,775 — Total loans $ 7,371 $ 4,811 $ 13,917 $ 26,099 $ 4,595,969 $ 4,622,068 $ —
Schedule of credit risk profile based on nonaccrual loans, accruing loans 90 days or more past due	The credit risk profile based on nonaccrual loans, accruing loans 90 days or more past due and TDR loans was as follows: (in thousands) September 30, 2016 December 31, 2015 Real estate: Residential 1-4 family $ 20,929 $ 20,554 Commercial real estate 3,762 1,188 Home equity line of credit 2,404 2,254 Residential land 776 970 Commercial construction — — Residential construction — — Commercial 23,588 20,174 Consumer 1,157 895 Total nonaccrual loans $ 52,616 $ 46,035 Real estate: Residential 1-4 family $ — $ — Commercial real estate — — Home equity line of credit — — Residential land 393 — Commercial construction — — Residential construction — — Commercial — — Consumer — — Total accruing loans 90 days or more past due $ 393 $ — Real estate: Residential 1-4 family $ 13,308 $ 13,962 Commercial real estate — — Home equity line of credit 4,501 2,467 Residential land 3,258 4,713 Commercial construction — — Residential construction — — Commercial 4,673 1,104 Consumer — — Total troubled debt restructured loans not included above $ 25,740 $ 22,246
Schedule of the carrying amount and the total unpaid principal balance of impaired loans, with and without recorded allowance for loans losses	The total carrying amount and the total unpaid principal balance of impaired loans were as follows: September 30, 2016 Three months ended September 30, 2016 Nine months ended September 30, 2016 (in thousands) Recorded investment Unpaid principal balance Related Allowance Average recorded investment Interest income recognized* Average recorded investment Interest income recognized* With no related allowance recorded Real estate: Residential 1-4 family $ 10,137 $ 11,473 $ — $ 10,069 $ 65 $ 10,378 $ 268 Commercial real estate 1,351 1,645 — 1,206 — 1,177 — Home equity line of credit 1,300 1,695 — 1,220 6 1,035 15 Residential land 1,608 2,304 — 1,521 16 1,532 47 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 6,624 7,637 — 14,352 141 9,240 154 Consumer — — — 10 — 3 — $ 21,020 $ 24,754 $ — $ 28,378 $ 228 $ 23,365 $ 484 With an allowance recorded Real estate: Residential 1-4 family $ 11,429 $ 11,632 $ 1,625 $ 11,800 $ 119 $ 11,933 $ 356 Commercial real estate 2,411 2,482 161 2,444 — 1,939 — Home equity line of credit 4,587 4,657 1,040 4,165 36 3,470 91 Residential land 2,819 2,819 951 2,915 44 3,090 165 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 22,061 22,434 4,734 11,433 65 15,075 275 Consumer 11 11 2 11 — 12 — $ 43,318 $ 44,035 $ 8,513 $ 32,768 $ 264 $ 35,519 $ 887 Total Real estate: Residential 1-4 family $ 21,566 $ 23,105 $ 1,625 $ 21,869 $ 184 $ 22,311 $ 624 Commercial real estate 3,762 4,127 161 3,650 — 3,116 — Home equity line of credit 5,887 6,352 1,040 5,385 42 4,505 106 Residential land 4,427 5,123 951 4,436 60 4,622 212 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 28,685 30,071 4,734 25,785 206 24,315 429 Consumer 11 11 2 21 — 15 — $ 64,338 $ 68,789 $ 8,513 $ 61,146 $ 492 $ 58,884 $ 1,371 December 31, 2015 Three months ended September 30, 2015 Nine months ended September 30, 2015 (in thousands) Recorded investment Unpaid principal balance Related allowance Average recorded investment Interest income recognized* Average recorded investment Interest income recognized* With no related allowance recorded Real estate: Residential 1-4 family $ 10,596 $ 11,805 $ — $ 11,159 $ 119 $ 11,301 $ 274 Commercial real estate 1,188 1,436 — — 74 362 74 Home equity line of credit 707 948 — 498 1 444 3 Residential land 1,644 2,412 — 2,280 29 2,647 125 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 5,671 6,333 — 4,250 3 5,659 144 Consumer — — — — — — — $ 19,806 $ 22,934 $ — $ 18,187 $ 226 $ 20,413 $ 620 With an allowance recorded Real estate: Residential 1-4 family $ 11,861 $ 11,914 $ 1,453 $ 11,451 $ 174 $ 11,585 $ 430 Commercial real estate — — — — — 1,985 — Home equity line of credit 2,518 2,579 442 2,048 13 1,295 27 Residential land 4,039 4,117 891 3,971 74 4,435 241 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 15,448 16,073 3,527 18,487 106 10,942 192 Consumer 13 13 7 14 — 15 — $ 33,879 $ 34,696 $ 6,320 $ 35,971 $ 367 $ 30,257 $ 890 Total Real estate: Residential 1-4 family $ 22,457 $ 23,719 $ 1,453 $ 22,610 $ 293 $ 22,886 $ 704 Commercial real estate 1,188 1,436 — — 74 2,347 74 Home equity line of credit 3,225 3,527 442 2,546 14 1,739 30 Residential land 5,683 6,529 891 6,251 103 7,082 366 Commercial construction — — — — — — — Residential construction — — — — — — — Commercial 21,119 22,406 3,527 22,737 109 16,601 336 Consumer 13 13 7 14 — 15 — $ 53,685 $ 57,630 $ 6,320 $ 54,158 $ 593 $ 50,670 $ 1,510 * Since loan was classified as impaired.
Schedule of loan modifications	Loan modifications that occurred and the impact on the allowance for loan losses were as follows: Three months ended September 30, 2016 Nine months ended September 30, 2016 Number of contracts Outstanding recorded investment 1 Net increase in allowance Number of contracts Outstanding recorded investment 1 Net increase in allowance (dollars in thousands) Pre-modification Post-modification (as of period end) Pre-modification Post-modification (as of period end) Troubled debt restructurings Real estate: Residential 1-4 family 2 $ 251 $ 251 $ 46 11 $ 2,239 $ 2,351 $ 305 Commercial real estate — — — — — — — — Home equity line of credit 12 1,268 1,268 237 30 2,705 2,705 492 Residential land — — — — 1 120 121 — Commercial construction — — — — — — — — Residential construction — — — — — — — — Commercial 6 3,462 3,462 53 14 20,119 20,119 723 Consumer — — — — — — — — 20 $ 4,981 $ 4,981 $ 336 56 $ 25,183 $ 25,296 $ 1,520 Three months ended September 30, 2015 Nine months ended September 30, 2015 Number of contracts Outstanding recorded 1 Net increase in allowance Number of contracts Outstanding recorded 1 Net increase in allowance (dollars in thousands) Pre-modification Post-modification (as of period end) Pre-modification Post-modification (as of period end) Troubled debt restructurings Real estate: Residential 1-4 family 3 $ 860 $ 866 $ 1 10 $ 2,055 $ 2,079 $ 48 Commercial real estate — — — — — — — — Home equity line of credit 10 943 943 140 32 2,062 2,062 300 Residential land — — — — — — — — Commercial construction — — — — — — — — Residential construction — — — — — — — — Commercial 2 1,208 1,208 16 6 1,461 1,461 94 Consumer — — — — — — — — 15 $ 3,011 $ 3,017 $ 157 48 $ 5,578 $ 5,602 $ 442 1 The reported balances include loans that became TDR during the period, and were fully paid-off, charged-off, or sold prior to period end.
Schedule of troubled debt restructuring on financing receivables that experienced default	Loans modified in TDRs that experienced a payment default of 90 days or more in the indicated periods, and for which the payment of default occurred within one year of the modification, were as follows: Three months ended September 30, 2016 Nine months ended September 30, 2016 (dollars in thousands) Number of contracts Recorded investment Number of contracts Recorded investment Troubled debt restructurings that subsequently defaulted Real estate: Residential 1-4 family 1 $ 239 1 $ 239 Commercial real estate — — — — Home equity line of credit — — — — Residential land — — — — Commercial construction — — — — Residential construction — — — — Commercial — — 1 25 Consumer — — — — 1 $ 239 2 $ 264 Three months ended September 30, 2015 Nine months ended September 30, 2015 (dollars in thousands) Number of contracts Recorded investment Number of contracts Recorded investment Troubled debt restructurings that subsequently defaulted Real estate: Residential 1-4 family — $ — — $ — Commercial real estate — — — — Home equity line of credit 1 7 1 7 Residential land — — — — Commercial construction — — — — Residential construction — — — — Commercial — — — — Consumer — — — — 1 $ 7 1 $ 7
Schedule of amortized intangible assets	Changes in the carrying value of mortgage servicing rights were as follows: (in thousands) Gross 1 Accumulated amortization 1 Valuation allowance Net September 30, 2016 $ 16,475 $ (7,284 ) $ — $ 9,191 December 31, 2015 14,531 (5,647 ) — 8,884 1 Reflects the impact of loans paid in full. Changes related to mortgage servicing rights were as follows: (in thousands) 2016 2015 Mortgage servicing rights Balance, January 1 $ 8,884 $ 11,749 Amount capitalized 1,944 2,636 Amortization (1,637 ) (2,123 ) Other-than-temporary impairment — (4 ) Carrying amount before valuation allowance, September 30 9,191 12,258 Valuation allowance for mortgage servicing rights Balance, January 1 — 209 Provision (recovery) — (205 ) Other-than-temporary impairment — (4 ) Balance, September 30 — — Net carrying value of mortgage servicing rights $ 9,191 $ 12,258
Schedule of key assumptions used in estimating fair value	Key assumptions used in estimating the fair value of ASB’s mortgage servicing rights used in the impairment analysis were as follows: (dollars in thousands) September 30, 2016 December 31, 2015 Unpaid principal balance $ 1,160,266 $ 1,097,314 Weighted average note rate 4.00 % 4.05 % Weighted average discount rate 9.4 % 9.6 % Weighted average prepayment speed 12.4 % 9.3 % The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis: Significant unobservable input value (1) ($ in thousands) Fair value Valuation technique Significant unobservable input Range Weighted Average September 30, 2016 Residential loans $ 1,370 Fair value of property or collateral Appraised value less 7% selling costs 42-91% 64% Home equity lines of credit 12 Fair value of property or collateral Appraised value less 7% selling costs N/A (2) Total loans $ 1,382 Real estate acquired in settlement of loans $ 219 Fair value of property or collateral Appraised value less 7% selling costs 100% 100% December 31, 2015 Residential loans $ 50 Fair value of property or collateral Appraised value less 7% selling costs N/A (2) Home equity lines of credit 128 Fair value of property or collateral Appraised value less 7% selling costs N/A (2) Total loans $ 178 Real estate acquired in settlement of loans $ 1,030 Fair value of property or collateral Appraised value less 7% selling cost 100% 100% (1) Represent percent of outstanding principal balance. (2) N/A - Not applicable. There is one loan in each fair value measurement type.
Schedule of sensitivity analysis of fair value, transferor's interests in transferred financial assets	The sensitivity analysis of fair value of MSR to hypothetical adverse changes of 25 and 50 basis points in certain key assumptions was as follows: (dollars in thousands) September 30, 2016 December 31, 2015 Prepayment rate: 25 basis points adverse rate change $ (533 ) $ (561 ) 50 basis points adverse rate change (952 ) (1,104 ) Discount rate: 25 basis points adverse rate change (90 ) (111 ) 50 basis points adverse rate change (179 ) (220 )
Schedule of securities sold under agreements to repurchase	The following tables present information about the securities sold under agreements to repurchase, including the related collateral received from or pledged to counterparties: (in millions) Gross amount of recognized liabilities Gross amount offset in the Balance Sheet Net amount of liabilities presented in the Balance Sheet Repurchase agreements September 30, 2016 $165 $— $165 December 31, 2015 229 — 229 Gross amount not offset in the Balance Sheet (in millions) Liabilities presented in the Balance Sheet Financial instruments Cash collateral pledged September 30, 2016 Financial institution $ 50 $ 53 $ — Government entities 14 16 — Commercial account holders 101 135 — Total $ 165 $ 204 $ — December 31, 2015 Financial institution $ 50 $ 56 $ — Government entities 56 61 — Commercial account holders 123 144 — Total $ 229 $ 261 $ —
Schedule of notional and fair value of derivatives	The notional amount and fair value of ASB’s derivative financial instruments were as follows: September 30, 2016 December 31, 2015 (in thousands) Notional amount Fair value Notional amount Fair value Interest rate lock commitments $ 40,700 $ 843 $ 22,241 $ 384 Forward commitments 43,500 (163 ) 23,644 (29 )
Schedule of derivative financial instruments	ASB’s derivative financial instruments, their fair values, and balance sheet location were as follows: Derivative Financial Instruments Not Designated as Hedging Instruments 1 September 30, 2016 December 31, 2015 (in thousands) Asset derivatives Liability derivatives Asset derivatives Liability Interest rate lock commitments $ 843 $ — $ 384 $ — Forward commitments 1 164 1 30 $ 844 $ 164 $ 385 $ 30 1 Asset derivatives are included in other assets and liability derivatives are included in other liabilities in the balance sheets.
Schedule of derivative financial instruments and net gain or loss	The following table presents ASB’s derivative financial instruments and the amount and location of the net gains or losses recognized in the statements of income: Derivative Financial Instruments Not Designated as Hedging Instruments Location of net gains (losses) recognized in the Statement of Income Three months ended September 30 Nine months ended September 30 (in thousands) 2016 2015 2016 2015 Interest rate lock commitments Mortgage banking income $ 48 $ 139 $ 459 $ 195 Forward commitments Mortgage banking income 103 (117 ) (134 ) (18 ) $ 151 $ 22 $ 325 $ 177

Retirement benefits (Tables)

Retirement benefits (Tables)	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of components of net periodic benefit cost for consolidated HEI	The components of net periodic benefit cost for HEI consolidated and Hawaiian Electric consolidated were as follows: Three months ended September 30 Nine months ended September 30 Pension benefits Other benefits Pension benefits Other benefits (in thousands) 2016 2015 2016 2015 2016 2015 2016 2015 HEI consolidated Service cost $ 15,126 $ 16,577 $ 831 $ 982 $ 45,430 $ 49,683 $ 2,499 $ 2,945 Interest cost 20,396 19,229 2,417 2,254 61,154 57,731 7,254 6,757 Expected return on plan assets (24,640 ) (22,126 ) (3,064 ) (2,912 ) (73,920 ) (66,426 ) (9,207 ) (8,753 ) Amortization of net prior service loss (gain) (15 ) 1 (449 ) (448 ) (43 ) 3 (1,345 ) (1,345 ) Amortization of net actuarial loss 6,228 9,191 200 450 18,605 27,608 603 1,346 Net periodic benefit cost 17,095 22,872 (65 ) 326 51,226 68,599 (196 ) 950 Impact of PUC D&Os (4,653 ) (10,017 ) 336 (60 ) (13,464 ) (29,994 ) 1,008 (180 ) Net periodic benefit cost (adjusted for impact of PUC D&Os) $ 12,442 $ 12,855 $ 271 $ 266 $ 37,762 $ 38,605 $ 812 $ 770 Hawaiian Electric consolidated Service cost $ 14,699 $ 16,066 $ 821 $ 967 $ 44,097 $ 48,197 $ 2,463 $ 2,902 Interest cost 18,702 17,632 2,334 2,175 56,106 52,897 7,003 6,525 Expected return on plan assets (22,908 ) (20,635 ) (3,023 ) (2,873 ) (68,725 ) (61,906 ) (9,072 ) (8,621 ) Amortization of net prior service loss (gain) 3 10 (451 ) (450 ) 10 30 (1,353 ) (1,352 ) Amortization of net actuarial loss 5,674 8,342 198 438 17,020 25,028 595 1,315 Net periodic benefit cost 16,170 21,415 (121 ) 257 48,508 64,246 (364 ) 769 Impact of PUC D&Os (4,653 ) (10,017 ) 336 (60 ) (13,464 ) (29,994 ) 1,008 (180 ) Net periodic benefit cost (adjusted for impact of PUC D&Os) $ 11,517 $ 11,398 $ 215 $ 197 $ 35,044 $ 34,252 $ 644 $ 589

Share-based compensation (Table

Share-based compensation (Tables)	9 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of share-based compensation expense and related income tax benefit	Share-based compensation expense and the related income tax benefit were as follows: Three months ended September 30 Nine months ended September 30 (in millions) 2016 2015 2016 2015 HEI consolidated Share-based compensation expense 1 $ 1.6 $ 1.0 $ 3.6 $ 4.8 Income tax benefit 0.5 0.3 1.2 1.7 Hawaiian Electric consolidated Share-based compensation expense 1 0.5 0.1 1.0 1.3 Income tax benefit 0.2 — 0.4 0.5 1 For the three and nine months ended September 30, 2016, the Company has not capitalized any share-based compensation. $0.03 million and $0.12 million of this share-based compensation expense was capitalized in the three and nine months ended September 30, 2015 .
Schedule of common stock granted to nonemployee directors	HEI granted HEI common stock to nonemployee directors of HEI, Hawaiian Electric and ASB under the 2011 Director Plan as follows: Nine months ended September 30 ($ in millions) 2016 2015 Shares granted 19,846 28,246 Fair value $ 0.6 $ 0.8 Income tax benefit 0.2 0.3
Schedule of stock appreciation rights by grant year	SARs activity and statistics were as follows: Three months ended September 30 Nine months ended September 30 (dollars in thousands, except prices) 2015 2015 Shares underlying SARs exercised — 80,000 Weighted-average price of shares exercised $ — $ 26.18 Intrinsic value of shares exercised 1 — 502 Tax benefit realized for the deduction of exercises — 82 1 Intrinsic value is the amount by which the fair market value of the underlying stock and the related dividend equivalent rights exceeds the exercise price of the right.
Schedule of restricted stock units	Information about HEI’s grants of restricted stock units was as follows: Three months ended September 30 Nine months ended September 30 2016 2015 2016 2015 Shares (1) Shares (1) Shares (1) Shares (1) Outstanding, beginning of period 225,752 $ 29.59 252,302 $ 28.35 210,634 $ 28.82 261,235 $ 25.77 Granted 766 30.65 690 30.91 95,048 29.91 85,772 33.69 Vested (4,419 ) 27.26 (19,840 ) 25.35 (83,583 ) 27.88 (99,891 ) 25.69 Forfeited (2,352 ) 29.69 (14,316 ) 25.82 (2,352 ) 29.69 (28,280 ) 26.66 Outstanding, end of period 219,747 $ 29.64 218,836 $ 28.79 219,747 $ 29.64 218,836 $ 28.79 Total weighted-average grant-date fair value of shares granted ($ millions) $ — $ — $ 2.8 $ 2.9 (1) Weighted-average grant-date fair value per share based on the average price of HEI common stock on the date of grant.
Schedule of Long-Term Incentive Plan (LTIP) linked to total return to shareholders	Information about HEI’s LTIP grants linked to TRS was as follows: Three months ended September 30 Nine months ended September 30 2016 2015 2016 2015 Shares (1) Shares (1) Shares (1) Shares (1) Outstanding, beginning of period 83,947 $ 22.95 163,423 $ 27.63 162,500 $ 27.66 257,956 $ 28.45 Granted (target level) — — — — — — — — Vested (issued or unissued and cancelled) — — — — (78,553 ) 32.69 (75,915 ) 30.71 Forfeited (175 ) 22.95 — — (175 ) 22.95 (18,618 ) 26.41 Outstanding, end of period 83,772 $ 22.95 163,423 $ 27.63 83,772 $ 22.95 163,423 $ 27.63 (1) Weighted-average grant-date fair value per share determined using a Monte Carlo simulation model.
Schedule of Long-Term Incentive Plan (LTIP) linked to other performance conditions	Information about HEI’s LTIP awards payable in shares linked to other performance conditions was as follows: Three months ended September 30 Nine months ended September 30 2016 2015 2016 2015 Shares (1) Shares (1) Shares (1) Shares (1) Outstanding, beginning of period 113,550 $ 25.18 220,158 $ 26.00 222,647 $ 26.02 364,731 $ 26.01 Granted (target level) — — — — — — — — Vested (issued) — — — — (109,097 ) 26.89 (121,249 ) 26.05 Cancelled — — (14,050 ) 26.89 — — (14,050 ) 26.89 Forfeited (699 ) 25.19 — — (699 ) 25.19 (23,324 ) 25.85 Outstanding, end of period 112,851 $ 25.18 206,108 $ 25.94 112,851 $ 25.18 206,108 $ 25.94 (1) Weighted-average grant-date fair value per share based on the average price of HEI common stock on the date of grant.

Shareholders' equity (Tables)

Shareholders' equity (Tables)	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Schedule of accumulated other comprehensive income	Changes in the balances of each component of accumulated other comprehensive income/(loss) (AOCI) were as follows: HEI Consolidated Hawaiian Electric Consolidated (in thousands) Net unrealized gains (losses) on securities Unrealized gains (losses) on derivatives Retirement benefit plans AOCI Unrealized gains on derivatives Retirement benefit plans AOCI Balance, December 31, 2015 $ (1,872 ) $ (54 ) $ (24,336 ) $ (26,262 ) $ — $ 925 $ 925 Current period other comprehensive income 7,837 459 943 9,239 405 7 412 Balance, September 30, 2016 $ 5,965 $ 405 $ (23,393 ) $ (17,023 ) $ 405 $ 932 $ 1,337 Balance, December 31, 2014 $ 462 $ (289 ) $ (27,551 ) $ (27,378 ) $ — $ 45 $ 45 Current period other comprehensive income 3,608 177 1,576 5,361 — 11 11 Balance, September 30, 2015 $ 4,070 $ (112 ) $ (25,975 ) $ (22,017 ) $ — $ 56 $ 56
Schedule of reclassifications out of accumulated other comprehensive income/(loss)	Reclassifications out of AOCI were as follows: Amount reclassified from AOCI Three months ended September 30 Nine months ended September 30 Affected line item in the (in thousands) 2016 2015 2016 2015 Statement of Income HEI consolidated Net realized gains on securities $ — $ — $ (360 ) $ — Revenues-bank (net gains on sales of securities) Derivatives qualified as cash flow hedges Window forward contracts (173 ) — (173 ) — Revenues-electric utility (gains on window forward) Interest rate contracts (settled in 2011) — 59 54 177 Interest expense Retirement benefit plan items Amortization of prior service credit and net losses recognized during the period in net periodic benefit cost 3,641 5,611 10,877 16,850 See Note 6 for additional details Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets (3,311 ) (5,091 ) (9,934 ) (15,274 ) See Note 6 for additional details Total reclassifications $ 157 $ 579 $ 464 $ 1,753 Hawaiian Electric consolidated Derivatives qualified as cash flow hedges Window forward contracts $ (173 ) $ — $ (173 ) $ — Revenues (gains on window forward) Retirement benefit plan items Amortization of prior service credit and net losses recognized during the period in net periodic benefit cost 3,314 5,095 9,941 15,285 See Note 6 for additional details Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets (3,311 ) (5,091 ) (9,934 ) (15,274 ) See Note 6 for additional details Total reclassifications $ (170 ) $ 4 $ (166 ) $ 11

Fair value measurements (Tables

Fair value measurements (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of estimated fair values of certain of the Company's financial instruments	The following table presents the carrying or notional amount, fair value, and placement in the fair value hierarchy of the Company’s financial instruments. For stock in Federal Home Loan Bank, the carrying amount is a reasonable estimate of fair value because it can only be redeemed at par. For bank-owned life insurance, the carrying amount is the cash surrender value of the insurance policies, which is a reasonable estimate of fair value. For financial liabilities such as noninterest-bearing demand, interest-bearing demand, and savings and money market deposits, the carrying amount is a reasonable estimate of fair value as these liabilities have no stated maturity. Estimated fair value Carrying or notional amount Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs (in thousands) (Level 1) (Level 2) (Level 3) Total September 30, 2016 Financial assets Money market funds $ 45,030 $ — $ 45,030 $ — $ 45,030 Available-for-sale investment securities 996,984 — 996,984 — 996,984 Stock in Federal Home Loan Bank 11,218 — 11,218 — 11,218 Loans receivable, net 4,702,644 — 26,784 4,923,457 4,950,241 Mortgage servicing rights 9,191 — — 10,971 10,971 Bank-owned life insurance 141,262 — 141,262 — 141,262 Derivative assets 62,581 — 1,508 — 1,508 The Utilities’ derivative assets (included in amount above) 20,725 — 664 — 664 Financial liabilities Deposit liabilities 5,380,721 — 5,384,924 — 5,384,924 Other bank borrowings 265,388 — 267,892 — 267,892 Long-term debt, net—other than bank 1,579,065 — 1,741,707 — 1,741,707 The Utilities’ long-term debt, net (included in amount above) 1,279,327 — 1,432,766 — 1,432,766 Derivative liabilities 42,344 121 43 — 164 December 31, 2015 Financial assets Money market funds $ 10 $ — $ 10 $ — $ 10 Available-for-sale investment securities 820,648 — 820,648 — 820,648 Stock in Federal Home Loan Bank 10,678 — 10,678 — 10,678 Loans receivable, net 4,570,412 — 4,639 4,744,886 4,749,525 Mortgage servicing rights 8,884 — — 11,790 11,790 Bank-owned life insurance 138,139 — 138,139 — 138,139 Derivative assets 22,616 — 385 — 385 Financial liabilities Deposit liabilities 5,025,254 — 5,024,500 — 5,024,500 Short-term borrowings—other than bank 103,063 — 103,063 — 103,063 Other bank borrowings 328,582 — 333,392 — 333,392 Long-term debt, net—other than bank* 1,578,368 — 1,669,087 — 1,669,087 The Utilities’ long-term debt, net (included in amount above)* 1,278,702 — 1,363,766 — 1,363,766 Derivative liabilities 23,269 15 15 — 30 * See Note 11 for the impact to prior period financial information of the adoption of ASU No. 2015-03.
Schedule of assets measured at fair value on a recurring basis	Assets and liabilities measured at fair value on a recurring basis were as follows: September 30, 2016 December 31, 2015 Fair value measurements using Fair value measurements using (in thousands) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Money market funds (“other” segment) $ — $ 45,030 $ — $ — $ 10 $ — Available-for-sale investment securities (bank segment) Mortgage-related securities-FNMA, FHLMC and GNMA $ — $ 807,612 $ — $ — $ 607,689 $ — U.S. Treasury and federal agency obligations — 189,372 — — 212,959 — $ — $ 996,984 $ — $ — $ 820,648 $ — Derivative assets Interest rate lock commitments 1 $ — $ 843 $ — $ — $ 384 $ — Forward commitments 1 — 1 — — 1 — Window forward contract 2 — 664 — — — — $ — $ 1,508 $ — $ — $ 385 $ — Derivative liabilities 1 Forward commitments $ 121 $ 43 $ — $ 15 $ 15 $ — 1 Derivatives are carried at fair value with changes in value reflected in the balance sheet in other assets or other liabilities and included in mortgage banking income. 2 Asset derivatives are included in other current assets in the balance sheets.
Schedule of assets measured at fair value on a nonrecurring basis	The carrying value of assets measured at fair value on a nonrecurring basis were as follows: Fair value measurements (in thousands) Balance Level 1 Level 2 Level 3 September 30, 2016 Loans $ 1,382 $ — $ — $ 1,382 Real estate acquired in settlement of loans 219 — — 219 December 31, 2015 Loans 178 — — 178 Real estate acquired in settlement of loans 1,030 — — 1,030
Schedule of significant unobservable inputs used in the fair value measurement	Key assumptions used in estimating the fair value of ASB’s mortgage servicing rights used in the impairment analysis were as follows: (dollars in thousands) September 30, 2016 December 31, 2015 Unpaid principal balance $ 1,160,266 $ 1,097,314 Weighted average note rate 4.00 % 4.05 % Weighted average discount rate 9.4 % 9.6 % Weighted average prepayment speed 12.4 % 9.3 % The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a nonrecurring basis: Significant unobservable input value (1) ($ in thousands) Fair value Valuation technique Significant unobservable input Range Weighted Average September 30, 2016 Residential loans $ 1,370 Fair value of property or collateral Appraised value less 7% selling costs 42-91% 64% Home equity lines of credit 12 Fair value of property or collateral Appraised value less 7% selling costs N/A (2) Total loans $ 1,382 Real estate acquired in settlement of loans $ 219 Fair value of property or collateral Appraised value less 7% selling costs 100% 100% December 31, 2015 Residential loans $ 50 Fair value of property or collateral Appraised value less 7% selling costs N/A (2) Home equity lines of credit 128 Fair value of property or collateral Appraised value less 7% selling costs N/A (2) Total loans $ 178 Real estate acquired in settlement of loans $ 1,030 Fair value of property or collateral Appraised value less 7% selling cost 100% 100% (1) Represent percent of outstanding principal balance. (2) N/A - Not applicable. There is one loan in each fair value measurement type.

Cash flows (Tables)

Cash flows (Tables)	9 Months Ended
	Sep. 30, 2016
Supplemental Cash Flow Elements [Abstract]
Schedule of supplemental disclosures of cash and noncash activity	Nine months ended September 30 2016 2015 (in millions) Supplemental disclosures of cash flow information HEI consolidated Interest paid to non-affiliates $ 61 $ 61 Income taxes paid 19 62 Income taxes refunded 45 55 Hawaiian Electric consolidated Interest paid to non-affiliates 43 43 Income taxes paid — 13 Income taxes refunded 20 12 Supplemental disclosures of noncash activities HEI consolidated Common stock dividends reinvested in HEI common stock (financing) 1 17 — Loans transferred from held for investment to held for sale (investing) 14 — Real estate transferred from property, plant and equipment to other assets held-for-sale (investing) 1 5 Obligations to fund low income housing investments (operating) 14 1 HEI consolidated and Hawaiian Electric consolidated Additions to electric utility property, plant and equipment - unpaid invoices and accruals (investing) (7 ) 1 1 The amounts shown represent common stock dividends reinvested in HEI common stock under the HEI Dividend Reinvestment and Stock Purchase Plan (DRIP) in noncash transactions. From January 6, 2016, HEI satisfied the share purchase requirements of the DRIP through new issuances of its common stock. In 2015, HEI satisfied such requirements with cash through open market purchases of its common stock.

Recent accounting pronounceme39

Recent accounting pronouncements (Tables)	9 Months Ended
	Sep. 30, 2016
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Schedule of new accounting pronouncements and changes in accounting principles	The table below summarizes the impact to the prior period financial statements of the adoption of ASU No. 2015-03: (in thousands) As previously filed Adjustment from adoption of ASU No. 2015-03 As currently reported December 31, 2015 HEI Consolidated Balance Sheet and Note 3 - Segment financial information (Total assets) Other assets $ 488,635 $ (8,178 ) $ 480,457 Total assets and Total liabilities and shareholders’ equity 11,790,196 (8,178 ) 11,782,018 Long-term debt, net-other than bank 1,586,546 (8,178 ) 1,578,368 Total liabilities 9,828,263 (8,178 ) 9,820,085 Hawaiian Electric Consolidated Balance Sheet and Note 3 - Segment financial information (Total assets) Unamortized debt expense 8,341 (7,844 ) 497 Total other long-term assets 908,327 (7,844 ) 900,483 Total assets and Total capitalization and liabilities 5,680,054 (7,844 ) 5,672,210 Long-term debt, net 1,286,546 (7,844 ) 1,278,702 Total capitalization 3,049,164 (7,844 ) 3,041,320 Note 4 - Hawaiian Electric Consolidating Balance Sheet Hawaiian Electric (parent only) Unamortized debt expense 5,742 (5,383 ) 359 Total other long-term assets 662,430 (5,383 ) 657,047 Total assets and Total capitalization and liabilities 4,481,558 (5,383 ) 4,476,175 Long-term debt, net 880,546 (5,383 ) 875,163 Total capitalization 2,631,164 (5,383 ) 2,625,781 Hawaii Electric Light Unamortized debt expense 1,494 (1,420 ) 74 Total other long-term assets 130,749 (1,420 ) 129,329 Total assets and Total capitalization and liabilities 955,935 (1,420 ) 954,515 Long-term debt, net 215,000 (1,420 ) 213,580 Total capitalization 514,702 (1,420 ) 513,282 Maui Electric Unamortized debt expense 1,105 (1,041 ) 64 Total other long-term assets 115,148 (1,041 ) 114,107 Total assets and Total capitalization and liabilities 831,201 (1,041 ) 830,160 Long-term debt, net 191,000 (1,041 ) 189,959 Total capitalization 459,725 (1,041 ) 458,684

Related party transactions (Tab

Related party transactions (Tables)	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The Company’s HMSA costs and expense (for health insurance premiums, claims plus administration expense and stop-loss insurance coverages) and HDS costs and expense (for dental insurance premiums) and the Utilities’ HMSA costs and expense (for health insurance premiums) and HDS costs and expense (for dental insurance premiums) were as follows: Three months ended September 30 Nine months ended September 30 (in millions) 2016 2015 2016 2015 HEI consolidated HMSA costs $ 7 $ 8 $ 21 $ 22 HMSA expense* 5 6 15 16 HDS costs 1 1 2 2 HDS expense* 1 1 2 2 Hawaiian Electric consolidated HMSA costs 5 6 17 17 HMSA expense* 3 4 10 11 HDS costs 1 1 2 2 HDS expense* — — 1 1 * Charged the remaining costs primarily to electric utility plant.

Proposed Merger (Details)

Proposed Merger (Details) $ in Millions	Jul. 16, 2016USD ($)	May 31, 2016application	Jan. 21, 2015application	Sep. 30, 2016USD ($)
Business Acquisition [Line Items]
Number of related applications | application		2
Number of purported class action complaints filed | application			3
NextEra Energy, Inc Merger
Business Acquisition [Line Items]
Merger contract termination fee	$ 90
Maximum expenses paid to party for cancellation of merger	$ 5
Net income recognized on merger termination				$ 64
Net income recognized, merger termination fee				55
Net income recognized, merger termination, reimbursements and insurance				3
Recognition of previously disallowed merger expenses				8
Net income recognized, merger and spin-off related expenses				$ 2

Segment financial information42

Segment financial information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Segment financial information
Total revenues	$ 646,055	$ 717,176	$ 1,763,259	$ 1,978,950
Income (loss) before income taxes	179,205	80,660	301,242	189,380
Income taxes (benefit)	51,592	29,516	96,203	70,406
Net income	127,613	51,144	205,039	118,974
Preferred stock dividends of subsidiaries	471	471	1,417	1,417
Net income for common stock	127,142	50,673	203,622	117,557
Total assets	12,198,985		12,198,985		$ 11,782,018
Electric utility
Segment financial information
Total revenues	572,253	648,127	1,549,700	1,779,732
Income (loss) before income taxes	75,617	68,894	174,376	164,568
Income taxes (benefit)	28,145	25,390	64,682	60,351
Net income	47,472	43,504	109,694	104,217
Preferred stock dividends of subsidiaries	498	498	1,496	1,496
Net income for common stock	46,974	43,006	108,198	102,721
Total assets	5,800,826		5,800,826		5,672,210
Bank
Segment financial information
Total revenues	73,708	69,091	213,297	199,222
Income (loss) before income taxes	22,727	20,802	62,545	61,159
Income taxes (benefit)	7,623	7,351	21,483	21,382
Net income	15,104	13,451	41,062	39,777
Preferred stock dividends of subsidiaries	0	0	0	0
Net income for common stock	15,104	13,451	41,062	39,777
Total assets	6,336,670		6,336,670		6,014,755
Other
Segment financial information
Total revenues	94	(42)	262	(4)
Income (loss) before income taxes	80,861	(9,036)	64,321	(36,347)
Income taxes (benefit)	15,824	(3,225)	10,038	(11,327)
Net income	65,037	(5,811)	54,283	(25,020)
Preferred stock dividends of subsidiaries	(27)	(27)	(79)	(79)
Net income for common stock	65,064	(5,784)	54,362	(24,941)
Total assets	61,489		61,489		$ 95,053
Revenues from external customers
Segment financial information
Total revenues	646,055	717,176	1,763,259	1,978,950
Revenues from external customers | Electric utility
Segment financial information
Total revenues	572,208	648,121	1,549,602	1,779,708
Revenues from external customers | Bank
Segment financial information
Total revenues	73,708	69,091	213,297	199,222
Revenues from external customers | Other
Segment financial information
Total revenues	139	(36)	360	20
Intersegment revenues (eliminations)
Segment financial information
Total revenues	0	0	0	0
Intersegment revenues (eliminations) | Electric utility
Segment financial information
Total revenues	45	6	98	24
Intersegment revenues (eliminations) | Bank
Segment financial information
Total revenues	0	0	0	0
Intersegment revenues (eliminations) | Other
Segment financial information
Total revenues	$ (45)	$ (6)	$ (98)	$ (24)

Electric utility segment - Taxe

Electric utility segment - Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Revenue taxes
Expected increase in income tax depreciation expense			$ 126		$ 123
Hawaiian Electric Company, Inc. and Subsidiaries
Revenue taxes
Revenue taxes included in operating revenues and in taxes other than income taxes expense	$ 51	$ 58	$ 138	$ 159

Electric utility segment - Unco

Electric utility segment - Unconsolidated variable interest entities (Details)	1 Months Ended						3 Months Ended		9 Months Ended
	Nov. 30, 2015MW	Oct. 31, 2015MW	Oct. 31, 2004MW	Mar. 31, 2004USD ($)security	Oct. 31, 1988MW	Mar. 31, 1988MW	Sep. 30, 2016USD ($)entity	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)agreemententity	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Power purchase agreement
Purchases from IPPs							$ 158,000,000	$ 161,000,000	$ 413,000,000	$ 446,000,000
Termination period									60 days
Accounts payable							$ 134,176,000		$ 134,176,000		$ 138,523,000
Hawaiian Electric Company
Power purchase agreement
Number of power purchase agreements (PPAs) | agreement									5
Number of entities currently not required to be consolidated as VIEs | entity							0		0
Purchases from IPPs							$ 118,751,000	119,302,000	$ 313,730,000	329,922,000
Number of firm capacity producers declining to provide financial information to determine primary beneficiary status | entity									2
Minimum potential number of IPP entities consolidated into company in the future | entity									1
Hawaiian Electric Company | AES Hawaii, Inc. (AES Hawaii)
Power purchase agreement
Purchases from IPPs							38,000,000	37,000,000	$ 112,000,000	97,000,000
Power purchase capacity that Increases from initial capacity (in megawatts) | MW	189					180
Number of years entity entered under power purchase agreement						30 years
Accounts payable							13,000,000		13,000,000
Hawaiian Electric Company | Kalaeloa Partners, L.P. (Kalaeloa)
Power purchase agreement
Purchases from IPPs							44,000,000	51,000,000	109,000,000	143,000,000
Power purchase capacity that Increases from initial capacity (in megawatts) | MW					180
Number of years entity entered under power purchase agreement					25 years
Power purchase capacity that Increases from initial capacity (in megawatts) | MW			208
Accounts payable							12,000,000		12,000,000
Hawaiian Electric Company | Hamakua Energy Partners, L.P. (HEP)
Power purchase agreement
Purchases from IPPs							8,000,000	13,000,000	23,000,000	34,000,000
Hawaiian Electric Company | HPOWER
Power purchase agreement
Purchases from IPPs							19,000,000	18,000,000	52,000,000	50,000,000
Hawaiian Electric Company | Puna Geothermal Venture
Power purchase agreement
Purchases from IPPs							7,000,000	8,000,000	19,000,000	22,000,000
Hawaiian Electric Company | Hawaiian Commercial & Sugar (HC&S)
Power purchase agreement
Purchases from IPPs							1,000,000	2,000,000	1,000,000	7,000,000
Hawaiian Electric Company | Other IPPs
Power purchase agreement
Purchases from IPPs							41,000,000	32,000,000	97,000,000	93,000,000
Hawaii Electric Light Company, Inc. (HELCO)
Power purchase agreement
Purchases from IPPs							22,728,000	26,713,000	58,885,000	73,161,000
Maui Electric
Power purchase agreement
Purchases from IPPs							16,271,000	$ 14,503,000	40,052,000	42,726,000
Maximum scheduled energy during certain month (in megawatts) | MW		4
Maximum potential emergency power | MW		16
HECO Capital Trust III
Unconsolidated variable interest entities
Investment in 2004 Debentures							51,500,000		51,500,000		51,500,000
Interest income									$ 2,500,000	2,500,000
HECO Capital Trust III | Hawaiian Electric Company
Unconsolidated variable interest entities
Principal amount of 2004 Debentures				$ 31,500,000
Percent of ownership in Trust III									100.00%
HECO Capital Trust III | Hawaiian Electric Company | 2004 Trust Preferred Securities
Unconsolidated variable interest entities
Number of 2004 Trust Preferred Securities issued | security				2,000,000
Dividend rate on 2004 Trust Preferred Securities (as a percent)				6.50%
Aggregate Liquidation preference				$ 50,000,000
Balance of Trust Securities							50,000,000		$ 50,000,000		50,000,000
Dividend distributions on Trust Preferred Securities									2,400,000	2,400,000
HECO Capital Trust III | Hawaiian Electric Company | Trust Common Securities
Unconsolidated variable interest entities
Aggregate Liquidation preference				1,500,000
Balance of Trust Securities							$ 1,500,000		1,500,000		$ 1,500,000
Common dividend									$ 75,000	$ 75,000
HECO Capital Trust III | Hawaii Electric Light Company, Inc. (HELCO)
Unconsolidated variable interest entities
Principal amount of 2004 Debentures				10,000,000
HECO Capital Trust III | Maui Electric
Unconsolidated variable interest entities
Principal amount of 2004 Debentures				$ 10,000,000

Electric utility segment - Comm

Electric utility segment - Commitments and contingencies (Details)

Nov. 01, 2016

Oct. 03, 2016motion

Aug. 25, 2016USD ($)

Aug. 11, 2016USD ($)

May 19, 2016USD ($)kWh

Apr. 18, 2016USD ($)

Jan. 05, 2016USD ($)

Dec. 22, 2015USD ($)

Nov. 13, 2015MW

Oct. 30, 2015USD ($)

Oct. 26, 2015USD ($)

Aug. 03, 2015state

May 31, 2013

Feb. 16, 2012generation_unit

Oct. 31, 2016USD ($)customer

Nov. 30, 2015USD ($)

Sep. 30, 2015USD ($)

Jun. 30, 2015MW

Oct. 31, 2014bidder

Aug. 31, 2014

Apr. 30, 2014order

Feb. 28, 2013bid

Aug. 31, 2012MW

May 31, 2012MW

Feb. 28, 2012USD ($)

Mar. 31, 1988MW

Sep. 30, 2015USD ($)

Sep. 30, 2016USD ($)

Sep. 30, 2015USD ($)MW

Dec. 31, 2013USD ($)MW

Dec. 31, 2045

Jul. 19, 2016USD ($)

Dec. 31, 2015USD ($)

Jul. 31, 2014USD ($)

Jun. 20, 2014

Mar. 01, 2014

Feb. 07, 2014

Regulatory projects and legal obligations

Purchase commitment, period

30 years

Minimum power volume required | MW

180

186

180

Additional capacity requirement | MW

9

9

Conversion of existing generating units to natural gas, costs

$ 341,000,000

Liquefied natural gas containers cost

117,000,000

Construction of generation system at the Kahe power plant

$ 859,000,000

ERP/EAM Project, expected costs

$ 82,400,000

SAP software costs

$ 4,800,000

ERP/EAM cost recovery cap

$ 77,600,000

Public utility, ERP/EAM required pass through savings to customers

$ 244,000,000

ERP/EAM project service period (in years)

12 years

Schofield generating station facility capacity | MW

50

Schofield generating station project, budgetary cap

$ 157,300,000

$ 167,000,000

Project lease term (in years)

35 years

Percent of costs recoverable through recovery mechanisms other than base rates

90.00%

Decrease in project costs

$ 9,700,000

Environmental regulation

Number of EGUs impacted by proposed rules of MATS | generation_unit

14

States included in interim state-wide emission limits | state

48

Public Utilities, Phase-in Plans [Abstract]

Revenue requirement associated with plant additions

$ 35,700,000

$ 40,300,000

Revenue requirement associated with plant additions, recovery requested

$ 27,200,000

Accounts receivable and unbilled revenues, net

$ 250,076,000

$ 242,766,000

Number of orders from regulatory agency | order

4

Percent of energy production from renewable energy sources

65.00%

Derivative measurement range

30 days

Subsequent Event

Changes in the asset retirement obligation liability

Potential increase in ROE (as a percent)

75.00%

Public Utilities, Phase-in Plans [Abstract]

Public utilities, duration of Time of Use Program

2 years

Public utilities, number of customers impacted by Time Of Use Program | customer

5,000

Public utilities, number of motions filed to intervene | motion

5

Designated as Hedging Instrument | Window forward contract | Cash Flow Hedging

Public Utilities, Phase-in Plans [Abstract]

Notional amount

20,725,000

0

Fair value

664,000

$ 0

Scenario, Forecast

Public Utilities, Phase-in Plans [Abstract]

Expected portfolio standard

100.00%

Hawaiian Telcom

Public Utilities, Phase-in Plans [Abstract]

Accounts receivable and unbilled revenues, net

20,100,000

Accrued interest receivable

3,900,000

Expected receivable

16,200,000

PCB Contamination

Environmental regulation

Valuation allowances and reserves

4,400,000

Hawaiian Electric Company, Inc. and Subsidiaries

Regulatory projects and legal obligations

Maximum deferred costs, inter-island projects

$ 5,890,000

Maximum deferred cost recovery, contractor service costs

$ 3,100,000

Integration from renewable energy sources (in megawatts) | MW

200

Maximum deferred cost recovery, contractor service costs, amortization period

3 years

Capacity integration from dispatchable renewable geothermal sources | MW

50

Deferred cost recovery of geothermal dispatchable energy costs

$ 2,100,000

Number of bids received | bid

6

Number of eligible bidders | bidder

5

Environmental regulation

Percentage of reduction in GHG emissions by 2020

16.00%

Estimated annual fee for greenhouse gas emissions

500,000

Impact on earnings from recognition of AROs

0

Changes in the asset retirement obligation liability

Balance, beginning of period

$ 26,197,000

26,848,000

$ 29,419,000

Accretion expense

10,000

18,000

Liabilities incurred

0

0

Liabilities settled

(661,000)

(2,349,000)

Revisions in estimated cash flows

0

0

Balance, end of period

$ 27,088,000

$ 27,088,000

26,197,000

$ 27,088,000

Decoupling implementation experience, period

3 years

Proposed rate base adjustment, percent of previous rate base adjustment

90.00%

Effective interest rate, revenue balancing account

6.00%

Public Utilities, Phase-in Plans [Abstract]

Period to file required plan

120 days

Hawaiian Electric Company, Inc. and Subsidiaries | Minimum

Changes in the asset retirement obligation liability

Proposed effective interest rate, revenue balancing account

1.25%

Hawaiian Electric Company, Inc. and Subsidiaries | Maximum

Changes in the asset retirement obligation liability

Proposed effective interest rate, revenue balancing account

3.25%

Hawaiian Electric Company

Environmental regulation

Period of extension resulting in MATS compliance date

1 year

Public Utilities, Phase-in Plans [Abstract]

Annual incremental RAM adjusted revenues

$ 11,000,000

Annual change in accrued earnings sharing credits

0

Annual change in accrued RBA balance as of December 31, 2015 (and associated revenue taxes)

(13,600,000)

Net annual incremental decrease in amount to be collected under the tariffs

(2,600,000)

Impact on typical residential customer monthly bill

$ 0.01

Monthly utility usage assumption (in kilowatts per hour) | kWh

500

Hawaiian Electric Company | Hawaiian Telcom

Public Utilities, Phase-in Plans [Abstract]

Accounts receivable and unbilled revenues, net

13,700,000

Hawaii Electric Light Company, Inc. (HELCO)

Public Utilities, Phase-in Plans [Abstract]

Annual incremental RAM adjusted revenues

$ 2,300,000

Annual change in accrued earnings sharing credits

0

Annual change in accrued RBA balance as of December 31, 2015 (and associated revenue taxes)

(2,500,000)

Net annual incremental decrease in amount to be collected under the tariffs

(200,000)

Impact on typical residential customer monthly bill

0.13

Hawaii Electric Light Company, Inc. (HELCO) | Hawaiian Telcom

Public Utilities, Phase-in Plans [Abstract]

Accounts receivable and unbilled revenues, net

$ 5,500,000

Hawaii Electric Light Company, Inc. (HELCO) | Maximum

Regulatory projects and legal obligations

Power purchase capacity that Increases from initial capacity (in megawatts) | MW

60

Hawaii Electric Light Company, Inc. (HELCO) | Hamakua Energy Partners, L.P. (HEP)

Regulatory projects and legal obligations

Potential purchase price

$ 84,500,000

Hamakua Energy Partners, L.P. (HEP)

Regulatory projects and legal obligations

Percent of island's generating capacity

23.00%

Maui Electric

Environmental regulation

Additional accrued investigation and estimated cleanup costs

$ 3,600,000

Public Utilities, Phase-in Plans [Abstract]

Revenue requirement associated with plant additions

$ 4,300,000

Annual incremental RAM adjusted revenues

2,400,000

Annual change in accrued earnings sharing credits

500,000

Annual change in accrued RBA balance as of December 31, 2015 (and associated revenue taxes)

(4,300,000)

Net annual incremental decrease in amount to be collected under the tariffs

(1,400,000)

Impact on typical residential customer monthly bill

$ (0.95)

Monthly utility usage assumption (in kilowatts per hour) | kWh

500

Maui Electric | Hawaiian Telcom

Public Utilities, Phase-in Plans [Abstract]

Accounts receivable and unbilled revenues, net

$ 900,000

Lanai and Molokai

Public Utilities, Phase-in Plans [Abstract]

Impact on typical residential customer monthly bill

$ (0.76)

Monthly utility usage assumption (in kilowatts per hour) | kWh

400

Electric utility segment - Cons

Electric utility segment - Consolidating statement of income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Operating expenses
Purchased power	$ 158,000	$ 161,000	$ 413,000	$ 446,000
Total expenses	540,613	620,081	1,503,511	1,739,619
Total operating income	105,442	97,095	259,748	239,331
Other income
Allowance for equity funds used during construction	2,274	2,057	6,010	5,366
Interest and other charges
Allowance for borrowed funds used during construction	854	737	2,276	1,918
Income taxes	51,592	29,516	96,203	70,406
Net income	127,613	51,144	205,039	118,974
Preferred stock dividends of subsidiaries	471	471	1,417	1,417
Net income for common stock	127,142	50,673	203,622	117,557
Hawaiian Electric Company
Condensed Income Statements, Captions [Line Items]
Revenues	404,352	463,394	1,088,537	1,254,142
Operating expenses
Fuel oil	88,676	142,194	224,995	364,875
Purchased power	118,751	119,302	313,730	329,922
Other operation and maintenance	64,683	69,621	202,438	206,133
Depreciation	31,520	29,389	94,564	88,167
Taxes, other than income taxes	38,666	43,923	104,764	119,603
Total expenses	342,296	404,429	940,491	1,108,700
Total operating income	62,056	58,965	148,046	145,442
Other income
Allowance for equity funds used during construction	1,806	1,714	4,771	4,418
Equity in earnings of subsidiaries	14,729	11,858	33,541	29,174
Interest and other charges
Interest expense and other charges, net	(11,903)	(11,468)	(34,113)	(33,996)
Allowance for borrowed funds used during construction	669	605	1,785	1,557
Income before income taxes	67,357	61,674	154,030	146,595
Income taxes	20,113	18,398	45,022	43,064
Net income	47,244	43,276	109,008	103,531
Preferred stock dividends of subsidiaries	0	0	0	0
Net income attributable to Hawaiian Electric	47,244	43,276	109,008	103,531
Preferred stock dividends of Hawaiian Electric	270	270	810	810
Net income for common stock	46,974	43,006	108,198	102,721
HELCO
Condensed Income Statements, Captions [Line Items]
Revenues	83,105	89,817	229,940	261,604
Operating expenses
Fuel oil	14,603	17,208	40,725	56,834
Purchased power	22,728	26,713	58,885	73,161
Other operation and maintenance	15,017	18,936	46,574	51,493
Depreciation	9,449	9,313	28,347	27,938
Taxes, other than income taxes	7,836	8,455	21,632	24,783
Total expenses	69,633	80,625	196,163	234,209
Total operating income	13,472	9,192	33,777	27,395
Other income
Allowance for equity funds used during construction	238	148	571	458
Equity in earnings of subsidiaries	0	0	0	0
Interest and other charges
Interest expense and other charges, net	(2,972)	(2,674)	(8,606)	(7,946)
Allowance for borrowed funds used during construction	91	53	219	164
Income before income taxes	10,829	6,719	25,961	20,071
Income taxes	3,392	2,397	9,075	7,210
Net income	7,437	4,322	16,886	12,861
Preferred stock dividends of subsidiaries	133	133	400	400
Net income attributable to Hawaiian Electric	7,304	4,189	16,486	12,461
Preferred stock dividends of Hawaiian Electric	0	0	0	0
Net income for common stock	7,304	4,189	16,486	12,461
Maui Electric
Condensed Income Statements, Captions [Line Items]
Revenues	84,831	94,941	231,295	264,057
Operating expenses
Fuel oil	25,345	36,231	68,543	96,961
Purchased power	16,271	14,503	40,052	42,726
Other operation and maintenance	15,089	15,096	49,248	48,893
Depreciation	5,790	5,654	17,389	16,735
Taxes, other than income taxes	8,017	8,932	21,990	25,054
Total expenses	70,512	80,416	197,222	230,369
Total operating income	14,319	14,525	34,073	33,688
Other income
Allowance for equity funds used during construction	230	195	668	490
Equity in earnings of subsidiaries	0	0	0	0
Interest and other charges
Interest expense and other charges, net	(2,483)	(2,440)	(7,087)	(7,299)
Allowance for borrowed funds used during construction	94	79	272	197
Income before income taxes	12,160	12,359	27,926	27,076
Income taxes	4,640	4,595	10,585	10,077
Net income	7,520	7,764	17,341	16,999
Preferred stock dividends of subsidiaries	95	95	286	286
Net income attributable to Hawaiian Electric	7,425	7,669	17,055	16,713
Preferred stock dividends of Hawaiian Electric	0	0	0	0
Net income for common stock	7,425	7,669	17,055	16,713
Other subsidiaries
Condensed Income Statements, Captions [Line Items]
Revenues	0	0	0	0
Operating expenses
Fuel oil	0	0	0	0
Purchased power	0	0	0	0
Other operation and maintenance	0	0	0	0
Depreciation	0	0	0	0
Taxes, other than income taxes	0	0	0	0
Total expenses	0	0	0	0
Total operating income	0	0	0	0
Other income
Allowance for equity funds used during construction	0	0	0	0
Equity in earnings of subsidiaries	0	0	0	0
Interest and other charges
Interest expense and other charges, net	0	0	0	0
Allowance for borrowed funds used during construction	0	0	0	0
Income before income taxes	0	0	0	0
Income taxes	0	0	0	0
Net income	0	0	0	0
Preferred stock dividends of subsidiaries	0	0	0	0
Net income attributable to Hawaiian Electric	0	0	0	0
Preferred stock dividends of Hawaiian Electric	0	0	0	0
Net income for common stock	0	0	0	0
Consolidating adjustments
Condensed Income Statements, Captions [Line Items]
Revenues	(35)	(25)	(72)	(71)
Operating expenses
Fuel oil	0	0	0	0
Purchased power	0	0	0	0
Other operation and maintenance	0	0	0	0
Depreciation	0	0	0	0
Taxes, other than income taxes	0	0	0	0
Total expenses	0	0	0	0
Total operating income	(35)	(25)	(72)	(71)
Other income
Allowance for equity funds used during construction	0	0	0	0
Equity in earnings of subsidiaries	(14,729)	(11,858)	(33,541)	(29,174)
Interest and other charges
Interest expense and other charges, net	35	25	72	71
Allowance for borrowed funds used during construction	0	0	0	0
Income before income taxes	(14,729)	(11,858)	(33,541)	(29,174)
Income taxes	0	0	0	0
Net income	(14,729)	(11,858)	(33,541)	(29,174)
Preferred stock dividends of subsidiaries	0	0	0	0
Net income attributable to Hawaiian Electric	(14,729)	(11,858)	(33,541)	(29,174)
Preferred stock dividends of Hawaiian Electric	0	0	0	0
Net income for common stock	(14,729)	(11,858)	(33,541)	(29,174)
Hawaiian Electric Company, Inc. and Subsidiaries
Condensed Income Statements, Captions [Line Items]
Revenues	572,253	648,127	1,549,700	1,779,732
Operating expenses
Fuel oil	128,624	195,633	334,263	518,670
Purchased power	157,750	160,518	412,667	445,809
Other operation and maintenance	94,789	103,653	298,260	306,519
Depreciation	46,759	44,356	140,300	132,840
Taxes, other than income taxes	54,519	61,310	148,386	169,440
Total expenses	482,441	565,470	1,333,876	1,573,278
Total operating income	89,812	82,657	215,824	206,454
Other income
Allowance for equity funds used during construction	2,274	2,057	6,010	5,366
Equity in earnings of subsidiaries	0	0	0	0
Interest and other charges
Interest expense and other charges, net	(17,323)	(16,557)	(49,734)	(49,170)
Allowance for borrowed funds used during construction	854	737	2,276	1,918
Income before income taxes	75,617	68,894	174,376	164,568
Income taxes	28,145	25,390	64,682	60,351
Net income	47,472	43,504	109,694	104,217
Preferred stock dividends of subsidiaries	228	228	686	686
Net income attributable to Hawaiian Electric	47,244	43,276	109,008	103,531
Preferred stock dividends of Hawaiian Electric	270	270	810	810
Net income for common stock	$ 46,974	$ 43,006	$ 108,198	$ 102,721

Electric utility segment - Co47

Electric utility segment - Consolidating statement of comprehensive income (loss) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Condensed Statement of Income Captions [Line Items]
Net income for common stock	$ 127,142	$ 50,673	$ 203,622	$ 117,557
Other comprehensive income (loss), net of taxes:
Effective portion of foreign currency hedge net unrealized gains, net of taxes of $205, nil, $368 and nil for the respective periods	321	0	578	0
Less: reclassification adjustment to net income, net of (taxes) benefits of $(110), $37, $(75) and $112 for the respective periods	(173)	59	(119)	177
Retirement benefit plans:
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $2,110, $3,245, $6,331 and $9,735 for the respective periods	3,641	5,611	10,877	16,850
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes of $2,109, $3,243, $6,327 and $9,729 for the respective periods	(3,311)	(5,091)	(9,934)	(15,274)
Other comprehensive income (loss), net of taxes	(1,669)	4,430	9,239	5,361
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	125,473	55,103	212,861	122,918
Hawaiian Electric Company
Condensed Statement of Income Captions [Line Items]
Net income for common stock	46,974	43,006	108,198	102,721
Other comprehensive income (loss), net of taxes:
Effective portion of foreign currency hedge net unrealized gains, net of taxes of $205, nil, $368 and nil for the respective periods	321		578
Less: reclassification adjustment to net income, net of (taxes) benefits of $(110), $37, $(75) and $112 for the respective periods	(173)		(173)
Retirement benefit plans:
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $2,110, $3,245, $6,331 and $9,735 for the respective periods	3,314	5,095	9,941	15,285
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes of $2,109, $3,243, $6,327 and $9,729 for the respective periods	(3,311)	(5,091)	(9,934)	(15,274)
Other comprehensive income (loss), net of taxes	151	4	412	11
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	47,125	43,010	108,610	102,732
HELCO
Condensed Statement of Income Captions [Line Items]
Net income for common stock	7,304	4,189	16,486	12,461
Other comprehensive income (loss), net of taxes:
Effective portion of foreign currency hedge net unrealized gains, net of taxes of $205, nil, $368 and nil for the respective periods	0		0
Less: reclassification adjustment to net income, net of (taxes) benefits of $(110), $37, $(75) and $112 for the respective periods	0		0
Retirement benefit plans:
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $2,110, $3,245, $6,331 and $9,735 for the respective periods	429	682	1,288	2,046
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes of $2,109, $3,243, $6,327 and $9,729 for the respective periods	(429)	(683)	(1,289)	(2,050)
Other comprehensive income (loss), net of taxes	0	(1)	(1)	(4)
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	7,304	4,188	16,485	12,457
Maui Electric
Condensed Statement of Income Captions [Line Items]
Net income for common stock	7,425	7,669	17,055	16,713
Other comprehensive income (loss), net of taxes:
Effective portion of foreign currency hedge net unrealized gains, net of taxes of $205, nil, $368 and nil for the respective periods	0		0
Less: reclassification adjustment to net income, net of (taxes) benefits of $(110), $37, $(75) and $112 for the respective periods	0		0
Retirement benefit plans:
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $2,110, $3,245, $6,331 and $9,735 for the respective periods	387	626	1,162	1,878
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes of $2,109, $3,243, $6,327 and $9,729 for the respective periods	(389)	(627)	(1,166)	(1,882)
Other comprehensive income (loss), net of taxes	(2)	(1)	(4)	(4)
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	7,423	7,668	17,051	16,709
Other subsidiaries
Condensed Statement of Income Captions [Line Items]
Net income for common stock	0	0	0	0
Other comprehensive income (loss), net of taxes:
Effective portion of foreign currency hedge net unrealized gains, net of taxes of $205, nil, $368 and nil for the respective periods	0		0
Less: reclassification adjustment to net income, net of (taxes) benefits of $(110), $37, $(75) and $112 for the respective periods	0		0
Retirement benefit plans:
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $2,110, $3,245, $6,331 and $9,735 for the respective periods	0	0	0	0
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes of $2,109, $3,243, $6,327 and $9,729 for the respective periods	0	0	0	0
Other comprehensive income (loss), net of taxes	0	0	0	0
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	0	0	0	0
Consolidating adjustments
Condensed Statement of Income Captions [Line Items]
Net income for common stock	(14,729)	(11,858)	(33,541)	(29,174)
Other comprehensive income (loss), net of taxes:
Effective portion of foreign currency hedge net unrealized gains, net of taxes of $205, nil, $368 and nil for the respective periods	0		0
Less: reclassification adjustment to net income, net of (taxes) benefits of $(110), $37, $(75) and $112 for the respective periods	0		0
Retirement benefit plans:
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $2,110, $3,245, $6,331 and $9,735 for the respective periods	(816)	(1,308)	(2,450)	(3,924)
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes of $2,109, $3,243, $6,327 and $9,729 for the respective periods	818	1,310	2,455	3,932
Other comprehensive income (loss), net of taxes	2	2	5	8
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	(14,727)	(11,856)	(33,536)	(29,166)
Hawaiian Electric Company, Inc. and Subsidiaries
Condensed Statement of Income Captions [Line Items]
Net income for common stock	46,974	43,006	108,198	102,721
Other comprehensive income (loss), net of taxes:
Effective portion of foreign currency hedge net unrealized gains, net of taxes of $205, nil, $368 and nil for the respective periods	321	0	578	0
Less: reclassification adjustment to net income, net of (taxes) benefits of $(110), $37, $(75) and $112 for the respective periods	(173)	0	(173)	0
Retirement benefit plans:
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $2,110, $3,245, $6,331 and $9,735 for the respective periods	3,314	5,095	9,941	15,285
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes of $2,109, $3,243, $6,327 and $9,729 for the respective periods	(3,311)	(5,091)	(9,934)	(15,274)
Other comprehensive income (loss), net of taxes	151	4	412	11
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	$ 47,125	$ 43,010	$ 108,610	$ 102,732

Electric utility segment - Co48

Electric utility segment - Consolidating balance sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Utility property, plant and equipment
Total property, plant and equipment, net	$ 4,532,556	$ 4,377,658
Other long-term assets
Total assets	12,198,985	11,782,018
Capitalization
Common stock equity	2,068,388	1,927,640	$ 1,921,001	$ 1,790,573
Cumulative preferred stock — not subject to mandatory redemption	0	0
Current liabilities
Interest and preferred dividends payable	27,115	26,042
Deferred credits and other liabilities
Deferred income taxes	721,470	680,877
Contributions in aid of construction	525,491	506,087
Total liabilities and shareholders’ equity	12,198,985	11,782,018
Hawaiian Electric Company
Utility property, plant and equipment
Land	43,945	43,557
Plant and equipment	4,148,099	4,026,079
Less accumulated depreciation	(1,362,474)	(1,316,467)
Construction in progress	197,715	147,979
Utility property, plant and equipment, net	3,027,285	2,901,148
Nonutility property, plant and equipment, less accumulated depreciation	5,761	5,659
Total property, plant and equipment, net	3,033,046	2,906,807
Investment in wholly owned subsidiaries, at equity	570,358	556,528
Current assets
Cash and cash equivalents	9,821	16,281	7,665	12,416
Advances to affiliates	0	0
Customer accounts receivable, net	93,253	93,515
Accrued unbilled revenues, net	69,753	60,080
Other accounts receivable, net	11,469	16,421
Fuel oil stock, at average cost	45,298	49,455
Materials and supplies, at average cost	32,676	30,921
Prepayments and other	28,073	25,505
Regulatory assets	67,042	63,615
Total current assets	357,385	355,793
Other long-term assets
Regulatory assets	594,723	608,957
Unamortized debt expense	193	359
Other	42,872	47,731
Total other long-term assets	637,788	657,047
Total assets	4,598,577	4,476,175
Capitalization
Common stock equity	1,766,727	1,728,325	1,717,064	1,682,144
Cumulative preferred stock — not subject to mandatory redemption	22,293	22,293
Long-term debt, net	875,573	875,163
Total capitalization	2,664,593	2,625,781
Current liabilities
Short-term borrowings from affiliate	55,000	23,000
Accounts payable	79,341	84,631
Interest and preferred dividends payable	17,863	15,747
Taxes accrued	115,245	131,668
Regulatory liabilities	0	0
Other	46,326	41,083
Total current liabilities	313,775	296,129
Deferred credits and other liabilities
Deferred income taxes	510,457	466,133
Regulatory liabilities	274,070	254,033
Unamortized tax credits	57,058	54,078
Defined benefit pension and other postretirement benefit plans liability	396,468	409,021
Other	50,068	51,273
Total deferred credits and other liabilities	1,288,121	1,234,538
Contributions in aid of construction	332,088	319,727
Total liabilities and shareholders’ equity	4,598,577	4,476,175
HELCO
Utility property, plant and equipment
Land	6,214	6,219
Plant and equipment	1,234,234	1,212,195
Less accumulated depreciation	(503,109)	(486,028)
Construction in progress	18,503	11,455
Utility property, plant and equipment, net	755,842	743,841
Nonutility property, plant and equipment, less accumulated depreciation	82	82
Total property, plant and equipment, net	755,924	743,923
Investment in wholly owned subsidiaries, at equity	0	0
Current assets
Cash and cash equivalents	7,008	2,682	2,399	612
Advances to affiliates	18,500	15,500
Customer accounts receivable, net	21,646	20,508
Accrued unbilled revenues, net	12,904	12,531
Other accounts receivable, net	2,852	1,275
Fuel oil stock, at average cost	6,885	8,310
Materials and supplies, at average cost	8,424	6,865
Prepayments and other	4,484	9,091
Regulatory assets	4,582	4,501
Total current assets	87,285	81,263
Other long-term assets
Regulatory assets	111,715	114,562
Unamortized debt expense	33	74
Other	12,786	14,693
Total other long-term assets	124,534	129,329
Total assets	967,743	954,515
Capitalization
Common stock equity	299,276	292,702	286,788	281,846
Cumulative preferred stock — not subject to mandatory redemption	7,000	7,000
Long-term debt, net	213,673	213,580
Total capitalization	519,949	513,282
Current liabilities
Short-term borrowings from affiliate	0	0
Accounts payable	14,844	17,702
Interest and preferred dividends payable	4,034	4,255
Taxes accrued	27,669	30,342
Regulatory liabilities	1,777	1,030
Other	9,856	8,760
Total current liabilities	58,180	62,089
Deferred credits and other liabilities
Deferred income taxes	105,574	100,681
Regulatory liabilities	91,897	84,623
Unamortized tax credits	15,774	15,406
Defined benefit pension and other postretirement benefit plans liability	67,415	69,893
Other	13,436	13,243
Total deferred credits and other liabilities	294,096	283,846
Contributions in aid of construction	95,518	95,298
Total liabilities and shareholders’ equity	967,743	954,515
Maui Electric
Utility property, plant and equipment
Land	3,016	3,016
Plant and equipment	1,101,229	1,077,424
Less accumulated depreciation	(478,018)	(463,509)
Construction in progress	20,390	15,875
Utility property, plant and equipment, net	646,617	632,806
Nonutility property, plant and equipment, less accumulated depreciation	1,531	1,531
Total property, plant and equipment, net	648,148	634,337
Investment in wholly owned subsidiaries, at equity	0	0
Current assets
Cash and cash equivalents	6,047	5,385	539	633
Advances to affiliates	15,500	7,500
Customer accounts receivable, net	19,519	18,755
Accrued unbilled revenues, net	12,510	11,898
Other accounts receivable, net	2,316	1,674
Fuel oil stock, at average cost	12,297	13,451
Materials and supplies, at average cost	16,256	16,643
Prepayments and other	3,548	2,295
Regulatory assets	3,057	4,115
Total current assets	91,050	81,716
Other long-term assets
Regulatory assets	98,656	100,981
Unamortized debt expense	41	64
Other	13,336	13,062
Total other long-term assets	112,033	114,107
Total assets	851,231	830,160
Capitalization
Common stock equity	270,981	263,725	262,018	256,692
Cumulative preferred stock — not subject to mandatory redemption	5,000	5,000
Long-term debt, net	190,081	189,959
Total capitalization	466,062	458,684
Current liabilities
Short-term borrowings from affiliate	0	0
Accounts payable	13,312	12,513
Interest and preferred dividends payable	4,048	3,113
Taxes accrued	24,822	29,325
Regulatory liabilities	1,210	1,174
Other	12,568	13,194
Total current liabilities	55,960	59,319
Deferred credits and other liabilities
Deferred income taxes	98,213	87,706
Regulatory liabilities	31,525	30,683
Unamortized tax credits	14,962	14,730
Defined benefit pension and other postretirement benefit plans liability	72,029	74,060
Other	14,595	13,916
Total deferred credits and other liabilities	231,324	221,095
Contributions in aid of construction	97,885	91,062
Total liabilities and shareholders’ equity	851,231	830,160
Other subsidiaries
Utility property, plant and equipment
Land	0	0
Plant and equipment	0	0
Less accumulated depreciation	0	0
Construction in progress	0	0
Utility property, plant and equipment, net	0	0
Nonutility property, plant and equipment, less accumulated depreciation	0	0
Total property, plant and equipment, net	0	0
Investment in wholly owned subsidiaries, at equity	0	0
Current assets
Cash and cash equivalents	101	101	101	101
Advances to affiliates	0	0
Customer accounts receivable, net	0	0
Accrued unbilled revenues, net	0	0
Other accounts receivable, net	0	0
Fuel oil stock, at average cost	0	0
Materials and supplies, at average cost	0	0
Prepayments and other	0	0
Regulatory assets	0	0
Total current assets	101	101
Other long-term assets
Regulatory assets	0	0
Unamortized debt expense	0	0
Other	0	0
Total other long-term assets	0	0
Total assets	101	101
Capitalization
Common stock equity	101	101	101	101
Cumulative preferred stock — not subject to mandatory redemption	0	0
Long-term debt, net	0	0
Total capitalization	101	101
Current liabilities
Short-term borrowings from affiliate	0	0
Accounts payable	0	0
Interest and preferred dividends payable	0	0
Taxes accrued	0	0
Regulatory liabilities	0	0
Other	0	0
Total current liabilities	0	0
Deferred credits and other liabilities
Deferred income taxes	0	0
Regulatory liabilities	0	0
Unamortized tax credits	0	0
Defined benefit pension and other postretirement benefit plans liability	0	0
Other	0	0
Total deferred credits and other liabilities	0	0
Contributions in aid of construction	0	0
Total liabilities and shareholders’ equity	101	101
Consolidating adjustments
Utility property, plant and equipment
Land	0	0
Plant and equipment	0	0
Less accumulated depreciation	0	0
Construction in progress	0	0
Utility property, plant and equipment, net	0	0
Nonutility property, plant and equipment, less accumulated depreciation	0	0
Total property, plant and equipment, net	0	0
Investment in wholly owned subsidiaries, at equity	(570,358)	(556,528)
Current assets
Cash and cash equivalents	0	0	0	0
Advances to affiliates	(34,000)	(23,000)
Customer accounts receivable, net	0	0
Accrued unbilled revenues, net	0	0
Other accounts receivable, net	(12,008)	(8,962)
Fuel oil stock, at average cost	0	0
Materials and supplies, at average cost	0	0
Prepayments and other	(460)	(251)
Regulatory assets	0	0
Total current assets	(46,468)	(32,213)
Other long-term assets
Regulatory assets	0	0
Unamortized debt expense	0	0
Other	0	0
Total other long-term assets	0	0
Total assets	(616,826)	(588,741)
Capitalization
Common stock equity	(570,358)	(556,528)	(548,907)	(538,639)
Cumulative preferred stock — not subject to mandatory redemption	0	0
Long-term debt, net	0	0
Total capitalization	(570,358)	(556,528)
Current liabilities
Short-term borrowings from affiliate	(34,000)	(23,000)
Accounts payable	0	0
Interest and preferred dividends payable	(11)	(4)
Taxes accrued	(460)	(251)
Regulatory liabilities	0	0
Other	(11,997)	(8,958)
Total current liabilities	(46,468)	(32,213)
Deferred credits and other liabilities
Deferred income taxes	315	286
Regulatory liabilities	0	0
Unamortized tax credits	0	0
Defined benefit pension and other postretirement benefit plans liability	0	0
Other	(315)	(286)
Total deferred credits and other liabilities	0	0
Contributions in aid of construction	0	0
Total liabilities and shareholders’ equity	(616,826)	(588,741)
Hawaiian Electric Company, Inc. and Subsidiaries
Utility property, plant and equipment
Land	53,175	52,792
Plant and equipment	6,483,562	6,315,698
Less accumulated depreciation	(2,343,601)	(2,266,004)
Construction in progress	236,608	175,309
Utility property, plant and equipment, net	4,429,744	4,277,795
Nonutility property, plant and equipment, less accumulated depreciation	7,374	7,272
Total property, plant and equipment, net	4,437,118	4,285,067
Investment in wholly owned subsidiaries, at equity	0	0
Current assets
Cash and cash equivalents	22,977	24,449	10,704	13,762
Advances to affiliates	0	0
Customer accounts receivable, net	134,418	132,778
Accrued unbilled revenues, net	95,167	84,509
Other accounts receivable, net	4,629	10,408
Fuel oil stock, at average cost	64,480	71,216
Materials and supplies, at average cost	57,356	54,429
Prepayments and other	35,645	36,640
Regulatory assets	74,681	72,231
Total current assets	489,353	486,660
Other long-term assets
Regulatory assets	805,094	824,500
Unamortized debt expense	267	497
Other	68,994	75,486
Total other long-term assets	874,355	900,483
Total assets	5,800,826	5,672,210
Capitalization
Common stock equity	1,766,727	1,728,325	$ 1,717,064	$ 1,682,144
Cumulative preferred stock — not subject to mandatory redemption	34,293	34,293
Long-term debt, net	1,279,327	1,278,702
Total capitalization	3,080,347	3,041,320
Current liabilities
Short-term borrowings from affiliate	21,000	0
Accounts payable	107,497	114,846
Interest and preferred dividends payable	25,934	23,111
Taxes accrued	167,276	191,084
Regulatory liabilities	2,987	2,204
Other	56,753	54,079
Total current liabilities	381,447	385,324
Deferred credits and other liabilities
Deferred income taxes	714,559	654,806
Regulatory liabilities	397,492	369,339
Unamortized tax credits	87,794	84,214
Defined benefit pension and other postretirement benefit plans liability	535,912	552,974
Other	77,784	78,146
Total deferred credits and other liabilities	1,813,541	1,739,479
Contributions in aid of construction	525,491	506,087
Total liabilities and shareholders’ equity	$ 5,800,826	$ 5,672,210

Electric utility segment - Co49

Electric utility segment - Consolidating statement of changes in common stock equity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Increase (decrease) in stockholders' equity
Beginning Balance			$ 1,927,640	$ 1,790,573
Net income for common stock	$ 127,142	$ 50,673	203,622	117,557
Current period other comprehensive income	(1,669)	4,430	9,239	5,361
Common stock dividends			(100,398)	(98,452)
Ending Balance	2,068,388	1,921,001	2,068,388	1,921,001
Hawaiian Electric Company
Increase (decrease) in stockholders' equity
Beginning Balance			1,728,325	1,682,144
Net income for common stock	46,974	43,006	108,198	102,721
Current period other comprehensive income	151	4	412	11
Common stock dividends			(70,199)	(67,804)
Common stock issuance expenses			(9)	(8)
Ending Balance	1,766,727	1,717,064	1,766,727	1,717,064
HELCO
Increase (decrease) in stockholders' equity
Beginning Balance			292,702	281,846
Net income for common stock	7,304	4,189	16,486	12,461
Current period other comprehensive income	0	(1)	(1)	(4)
Common stock dividends			(9,906)	(7,515)
Common stock issuance expenses			(5)	0
Ending Balance	299,276	286,788	299,276	286,788
Maui Electric
Increase (decrease) in stockholders' equity
Beginning Balance			263,725	256,692
Net income for common stock	7,425	7,669	17,055	16,713
Current period other comprehensive income	(2)	(1)	(4)	(4)
Common stock dividends			(9,795)	(11,382)
Common stock issuance expenses			0	(1)
Ending Balance	270,981	262,018	270,981	262,018
Other subsidiaries
Increase (decrease) in stockholders' equity
Beginning Balance			101	101
Net income for common stock	0	0	0	0
Current period other comprehensive income	0	0	0	0
Common stock dividends			0	0
Common stock issuance expenses			0	0
Ending Balance	101	101	101	101
Consolidating adjustments
Increase (decrease) in stockholders' equity
Beginning Balance			(556,528)	(538,639)
Net income for common stock	(14,729)	(11,858)	(33,541)	(29,174)
Current period other comprehensive income	2	2	5	8
Common stock dividends			19,701	18,897
Common stock issuance expenses			5	1
Ending Balance	(570,358)	(548,907)	(570,358)	(548,907)
Hawaiian Electric Company, Inc. and Subsidiaries
Increase (decrease) in stockholders' equity
Beginning Balance			1,728,325	1,682,144
Net income for common stock	46,974	43,006	108,198	102,721
Current period other comprehensive income	151	4	412	11
Common stock dividends			(70,199)	(67,804)
Common stock issuance expenses			(9)	(8)
Ending Balance	$ 1,766,727	$ 1,717,064	$ 1,766,727	$ 1,717,064

Electric utility segment - Co50

Electric utility segment - Consolidating statement of cash flows (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net income	$ 127,613	$ 51,144	$ 205,039	$ 118,974
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation of property, plant and equipment			145,684	137,721
Other amortization			7,368	7,252
Deferred income taxes			30,667	2,723
Allowance for equity funds used during construction	(2,274)	(2,057)	(6,010)	(5,366)
Impairment of utility assets			0	4,828
Other			3,234	3,921
Changes in assets and liabilities
Decrease in fuel oil stock			6,736	35,942
Increase in regulatory assets			(2,251)	(23,458)
Change in prepaid and accrued income and utility revenue taxes			52,558	(8,458)
Increase in defined benefit pension and other postretirement benefit plans liability			150	418
Net cash provided by operating activities			408,902	221,252
Cash flows from investing activities
Capital expenditures			(259,207)	(276,186)
Contributions in aid of construction			23,568	34,627
Other			112	4,084
Net cash used in investing activities			(535,744)	(502,997)
Cash flows from financing activities
Common stock dividends			(83,620)	(98,452)
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less			(103,063)	53,020
Other			(4,759)	(4,453)
Net cash provided by financing activities			110,719	334,620
Net increase (decrease) in cash and cash equivalents			(16,123)	52,875
Hawaiian Electric Company
Cash flows from operating activities
Net income	47,244	43,276	109,008	103,531
Adjustments to reconcile net income to net cash provided by operating activities
Equity in earnings of subsidiaries			(33,616)	(29,249)
Common stock dividends received from subsidiaries			19,776	18,972
Depreciation of property, plant and equipment			94,564	88,167
Other amortization			2,462	2,029
Deferred income taxes			41,005	46,493
Tax credits, net			4,314	3,680
Allowance for equity funds used during construction	(1,806)	(1,714)	(4,771)	(4,418)
Impairment of utility assets				3,380
Other			(1,389)	221
Changes in assets and liabilities
Decrease (increase) in accounts receivable			328	(4,226)
Increase in accrued unbilled revenues			(9,673)	6,283
Decrease in fuel oil stock			4,157	25,019
Increase in materials and supplies			(1,755)	(759)
Increase in regulatory assets			(2,474)	(19,138)
Decrease in accounts payable			(2,628)	(34,476)
Change in prepaid and accrued income and utility revenue taxes			(7,324)	(52,505)
Increase in defined benefit pension and other postretirement benefit plans liability			449	0
Change in other assets and liabilities			(10,548)	(16,847)
Net cash provided by operating activities			201,885	136,157
Cash flows from investing activities
Capital expenditures			(188,415)	(204,406)
Contributions in aid of construction			18,181	30,153
Other			901	583
Advances from affiliates			0	4,100
Net cash used in investing activities			(169,333)	(169,570)
Cash flows from financing activities
Common stock dividends			(70,199)	(67,804)
Preferred stock dividends of Hawaiian Electric and subsidiaries			(810)	(810)
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less			32,000	97,495
Other			(3)	(219)
Net cash provided by financing activities			(39,012)	28,662
Net increase (decrease) in cash and cash equivalents			(6,460)	(4,751)
Cash and cash equivalents, beginning of period			16,281	12,416
Cash and cash equivalents, end of period	9,821	7,665	9,821	7,665
HELCO
Cash flows from operating activities
Net income	7,437	4,322	16,886	12,861
Adjustments to reconcile net income to net cash provided by operating activities
Equity in earnings of subsidiaries			0	0
Common stock dividends received from subsidiaries			0	0
Depreciation of property, plant and equipment			28,347	27,938
Other amortization			1,366	1,331
Deferred income taxes			4,529	907
Tax credits, net			464	372
Allowance for equity funds used during construction	(238)	(148)	(571)	(458)
Impairment of utility assets				724
Other			(302)	(286)
Changes in assets and liabilities
Decrease (increase) in accounts receivable			(2,716)	(2,071)
Increase in accrued unbilled revenues			(373)	3,696
Decrease in fuel oil stock			1,425	5,358
Increase in materials and supplies			(1,559)	(1,615)
Increase in regulatory assets			(150)	(3,944)
Decrease in accounts payable			143	(4,070)
Change in prepaid and accrued income and utility revenue taxes			2,230	(2,276)
Increase in defined benefit pension and other postretirement benefit plans liability			40	0
Change in other assets and liabilities			2,856	722
Net cash provided by operating activities			52,615	39,189
Cash flows from investing activities
Capital expenditures			(37,835)	(34,048)
Contributions in aid of construction			2,691	2,940
Other			169	124
Advances from affiliates			(3,000)	0
Net cash used in investing activities			(37,975)	(30,984)
Cash flows from financing activities
Common stock dividends			(9,906)	(7,515)
Preferred stock dividends of Hawaiian Electric and subsidiaries			(400)	(400)
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less			0	1,500
Other			(8)	(3)
Net cash provided by financing activities			(10,314)	(6,418)
Net increase (decrease) in cash and cash equivalents			4,326	1,787
Cash and cash equivalents, beginning of period			2,682	612
Cash and cash equivalents, end of period	7,008	2,399	7,008	2,399
Maui Electric
Cash flows from operating activities
Net income	7,520	7,764	17,341	16,999
Adjustments to reconcile net income to net cash provided by operating activities
Equity in earnings of subsidiaries			0	0
Common stock dividends received from subsidiaries			0	0
Depreciation of property, plant and equipment			17,389	16,735
Other amortization			1,552	1,639
Deferred income taxes			10,085	10,497
Tax credits, net			478	195
Allowance for equity funds used during construction	(230)	(195)	(668)	(490)
Impairment of utility assets				724
Other			(331)	(261)
Changes in assets and liabilities
Decrease (increase) in accounts receivable			(1,313)	43
Increase in accrued unbilled revenues			(612)	3,817
Decrease in fuel oil stock			1,154	5,565
Increase in materials and supplies			387	651
Increase in regulatory assets			373	(376)
Decrease in accounts payable			1,809	(1,829)
Change in prepaid and accrued income and utility revenue taxes			(4,472)	(6,540)
Increase in defined benefit pension and other postretirement benefit plans liability			(129)	331
Change in other assets and liabilities			(2,571)	(2,563)
Net cash provided by operating activities			40,472	45,137
Cash flows from investing activities
Capital expenditures			(24,454)	(27,067)
Contributions in aid of construction			2,696	1,534
Other			30	71
Advances from affiliates			(8,000)	(2,500)
Net cash used in investing activities			(29,728)	(27,962)
Cash flows from financing activities
Common stock dividends			(9,795)	(11,382)
Preferred stock dividends of Hawaiian Electric and subsidiaries			(286)	(286)
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less			0	(5,600)
Other			(1)	(1)
Net cash provided by financing activities			(10,082)	(17,269)
Net increase (decrease) in cash and cash equivalents			662	(94)
Cash and cash equivalents, beginning of period			5,385	633
Cash and cash equivalents, end of period	6,047	539	6,047	539
Other subsidiaries
Cash flows from operating activities
Net income	0	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities
Equity in earnings of subsidiaries			0	0
Common stock dividends received from subsidiaries			0	0
Depreciation of property, plant and equipment			0	0
Other amortization			0	0
Deferred income taxes			0	0
Tax credits, net			0	0
Allowance for equity funds used during construction	0	0	0	0
Other			0
Changes in assets and liabilities
Decrease (increase) in accounts receivable			0	0
Increase in accrued unbilled revenues			0	0
Decrease in fuel oil stock			0	0
Increase in materials and supplies			0	0
Increase in regulatory assets			0	0
Decrease in accounts payable			0	0
Change in prepaid and accrued income and utility revenue taxes			0	0
Increase in defined benefit pension and other postretirement benefit plans liability			0	0
Change in other assets and liabilities			0	0
Net cash provided by operating activities			0	0
Cash flows from investing activities
Capital expenditures			0	0
Contributions in aid of construction			0	0
Other			0	0
Advances from affiliates			0	0
Net cash used in investing activities			0	0
Cash flows from financing activities
Common stock dividends			0	0
Preferred stock dividends of Hawaiian Electric and subsidiaries			0	0
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less			0	0
Other			0	0
Net cash provided by financing activities			0	0
Net increase (decrease) in cash and cash equivalents			0	0
Cash and cash equivalents, beginning of period			101	101
Cash and cash equivalents, end of period	101	101	101	101
Consolidating adjustments
Cash flows from operating activities
Net income	(14,729)	(11,858)	(33,541)	(29,174)
Adjustments to reconcile net income to net cash provided by operating activities
Equity in earnings of subsidiaries			33,541	29,174
Common stock dividends received from subsidiaries			(19,701)	(18,897)
Depreciation of property, plant and equipment			0	0
Other amortization			0	0
Deferred income taxes			29	314
Tax credits, net			0	0
Allowance for equity funds used during construction	0	0	0	0
Other			0
Changes in assets and liabilities
Decrease (increase) in accounts receivable			3,046	1,790
Increase in accrued unbilled revenues			0	0
Decrease in fuel oil stock			0	0
Increase in materials and supplies			0	0
Increase in regulatory assets			0	0
Decrease in accounts payable			0	0
Change in prepaid and accrued income and utility revenue taxes			(29)	(314)
Increase in defined benefit pension and other postretirement benefit plans liability			0	0
Change in other assets and liabilities			(3,046)	(1,790)
Net cash provided by operating activities			(19,701)	(18,897)
Cash flows from investing activities
Capital expenditures			0	0
Contributions in aid of construction			0	0
Other			0	0
Advances from affiliates			11,000	(1,600)
Net cash used in investing activities			11,000	(1,600)
Cash flows from financing activities
Common stock dividends			19,701	18,897
Preferred stock dividends of Hawaiian Electric and subsidiaries			0	0
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less			(11,000)	1,600
Other			0	0
Net cash provided by financing activities			8,701	20,497
Net increase (decrease) in cash and cash equivalents			0	0
Cash and cash equivalents, beginning of period			0	0
Cash and cash equivalents, end of period	0	0	0	0
Hawaiian Electric Company, Inc. and Subsidiaries
Cash flows from operating activities
Net income	47,472	43,504	109,694	104,217
Adjustments to reconcile net income to net cash provided by operating activities
Equity in earnings of subsidiaries			(75)	(75)
Common stock dividends received from subsidiaries			75	75
Depreciation of property, plant and equipment			140,300	132,840
Other amortization			5,380	4,999
Deferred income taxes			55,648	58,211
Tax credits, net			5,256	4,247
Allowance for equity funds used during construction	(2,274)	(2,057)	(6,010)	(5,366)
Impairment of utility assets			0	4,828
Other			(2,022)	(326)
Changes in assets and liabilities
Decrease (increase) in accounts receivable			(655)	(4,464)
Increase in accrued unbilled revenues			(10,658)	13,796
Decrease in fuel oil stock			6,736	35,942
Increase in materials and supplies			(2,927)	(1,723)
Increase in regulatory assets			(2,251)	(23,458)
Decrease in accounts payable			(676)	(40,375)
Change in prepaid and accrued income and utility revenue taxes			(9,595)	(61,635)
Increase in defined benefit pension and other postretirement benefit plans liability			360	331
Change in other assets and liabilities			(13,309)	(20,478)
Net cash provided by operating activities			275,271	201,586
Cash flows from investing activities
Capital expenditures			(250,704)	(265,521)
Contributions in aid of construction			23,568	34,627
Other			1,100	778
Advances from affiliates			0	0
Net cash used in investing activities			(226,036)	(230,116)
Cash flows from financing activities
Common stock dividends			(70,199)	(67,804)
Preferred stock dividends of Hawaiian Electric and subsidiaries			(1,496)	(1,496)
Net increase in short-term borrowings from non-affiliates and affiliate with original maturities of three months or less			21,000	94,995
Other			(12)	(223)
Net cash provided by financing activities			(50,707)	25,472
Net increase (decrease) in cash and cash equivalents			(1,472)	(3,058)
Cash and cash equivalents, beginning of period			24,449	13,762
Cash and cash equivalents, end of period	$ 22,977	$ 10,704	$ 22,977	$ 10,704

Bank segment - Income statemen

Bank segment - Income statement data (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Noninterest expense
Income before income taxes	$ 179,205	$ 80,660	$ 301,242	$ 189,380
Income taxes	51,592	29,516	96,203	70,406
Net income	127,613	51,144	205,039	118,974
American Savings Bank (ASB)
Interest and dividend income
Interest and fees on loans	50,444	46,413	148,571	137,646
Interest and dividends on investment securities	4,759	4,213	14,219	10,570
Total interest and dividend income	55,203	50,626	162,790	148,216
Interest expense
Interest on deposit liabilities	1,871	1,355	5,154	3,881
Interest on other borrowings	1,464	1,515	4,416	4,468
Total interest expense	3,335	2,870	9,570	8,349
Net interest income	51,868	47,756	153,220	139,867
Provision for loan losses	5,747	2,997	15,266	5,436
Net interest income after provision for loan losses	46,121	44,759	137,954	134,431
Noninterest income
Fees from other financial services	5,599	5,639	16,799	16,544
Fee income on deposit liabilities	5,627	5,883	16,045	16,622
Fee income on other financial products	2,151	2,096	6,563	6,088
Bank-owned life insurance	1,616	1,021	3,620	3,062
Mortgage banking income	2,347	1,437	5,096	5,327
Gains on sale of investment securities, net	0	0	598	0
Other income, net	1,165	2,389	1,786	3,363
Total noninterest income	18,505	18,465	50,507	51,006
Noninterest expense
Compensation and employee benefits	22,844	22,728	67,197	66,813
Occupancy	3,991	4,128	12,244	12,250
Data processing	3,150	3,032	9,599	9,101
Services	2,427	2,556	8,093	7,730
Equipment	1,759	1,608	5,193	4,999
Office supplies, printing and postage	1,483	1,511	4,431	4,297
Marketing	747	934	2,507	2,619
FDIC insurance	907	809	2,704	2,393
Other expense	4,591	5,116	13,948	14,076
Total noninterest expense	41,899	42,422	125,916	124,278
Income before income taxes	22,727	20,802	62,545	61,159
Income taxes	7,623	7,351	21,483	21,382
Net income	$ 15,104	$ 13,451	$ 41,062	$ 39,777

Bank segment - Comprehensive i

Bank segment - Comprehensive income data (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Condensed Statement of Income Captions [Line Items]
Net income	$ 127,613	$ 51,144	$ 205,039	$ 118,974
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on available-for-sale investment securities arising during the period, net of (taxes) benefits of $1,417, $(2,543), $(5,413) and $(2,382) for the respective periods	(2,147)	3,851	8,197	3,608
Less: reclassification adjustment for net realized gains included in net income, net of taxes of nil, nil, $238 and nil for the respective periods	0	0	(360)	0
Retirement benefit plans:
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $144, $249, $421 and $763 for the respective periods	3,641	5,611	10,877	16,850
Other comprehensive income (loss), net of taxes	(1,669)	4,430	9,239	5,361
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	125,473	55,103	212,861	122,918
Net unrealized gains (losses) on securities arising during the period, taxes	(1,417)	2,543	5,413	2,382
Reclassification adjustment for net realized gain included in net income, taxes	0	0	238	0
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits	(2,324)	(3,583)	(6,943)	(10,760)
American Savings Bank (ASB)
Condensed Statement of Income Captions [Line Items]
Net income	15,104	13,451	41,062	39,777
Net unrealized gains (losses) on securities:
Net unrealized gains (losses) on available-for-sale investment securities arising during the period, net of (taxes) benefits of $1,417, $(2,543), $(5,413) and $(2,382) for the respective periods	(2,147)	3,851	8,197	3,608
Less: reclassification adjustment for net realized gains included in net income, net of taxes of nil, nil, $238 and nil for the respective periods	0	0	(360)	0
Retirement benefit plans:
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $144, $249, $421 and $763 for the respective periods	219	376	638	1,155
Other comprehensive income (loss), net of taxes	(1,928)	4,227	8,475	4,763
Comprehensive income attributable to Hawaiian Electric Industries, Inc.	13,176	17,678	49,537	44,540
Net unrealized gains (losses) on securities arising during the period, taxes	1,417	(2,543)	(5,413)	(2,382)
Reclassification adjustment for net realized gain included in net income, taxes	0	0	238	0
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits	$ 144	$ 249	$ 421	$ 763

Bank segment - Balance sheet d

Bank segment - Balance sheet data (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Assets
Available-for-sale investment securities, at fair value	$ 996,984	$ 820,648
Stock in Federal Home Loan Bank, at cost	11,218	10,678
Net loans	4,675,901	4,565,781
Loans held for sale, at lower of cost or fair value	26,743	4,631
Other	459,187	480,457
Goodwill	82,190	82,190
Total assets	12,198,985	11,782,018
Liabilities
Other	489,466	471,828
Total liabilities	10,096,304	9,820,085
Commitments and contingencies
Equity [Abstract]
Retained earnings	427,990	324,766
Accumulated other comprehensive income (loss), net of taxes:
Accumulated other comprehensive loss, net of tax benefits	(17,023)	(26,262)
Total shareholders’ equity	2,068,388	1,927,640	$ 1,921,001	$ 1,790,573
Total liabilities and shareholders’ equity	12,198,985	11,782,018
Other assets
Premises and equipment, net	4,532,556	4,377,658
Total Other Assets	459,187	480,457
Other liabilities
Total other liabilities	489,466	471,828
Balance Sheet related disclosures
Securities sold under agreements to repurchase	165,000	229,000
American Savings Bank (ASB)
Assets
Cash and due from banks	109,591	127,201
Interest-bearing deposits	103,989	93,680
Available-for-sale investment securities, at fair value	996,984	820,648
Stock in Federal Home Loan Bank, at cost	11,218	10,678
Loans receivable held for investment	4,734,638	4,615,819
Allowance for loan losses	(58,737)	(50,038)
Net loans	4,675,901	4,565,781
Loans held for sale, at lower of cost or fair value	26,743	4,631
Other	330,054	309,946
Goodwill	82,190	82,190
Total assets	6,336,670	6,014,755
Liabilities
Deposit liabilities—noninterest-bearing	1,570,613	1,520,374
Deposit liabilities—interest-bearing	3,810,108	3,504,880
Other borrowings	265,388	328,582
Other	106,396	101,029
Total liabilities	5,752,505	5,454,865
Commitments and contingencies
Equity [Abstract]
Common stock	1	1
Additional paid in capital	342,234	340,496
Retained earnings	250,726	236,664
Accumulated other comprehensive income (loss), net of taxes:
Net unrealized gains (losses) on securities	5,965	(1,872)
Retirement benefit plans	(14,761)	(15,399)
Accumulated other comprehensive loss, net of tax benefits	(8,796)	(17,271)
Total shareholders’ equity	584,165	559,890
Total liabilities and shareholders’ equity	6,336,670	6,014,755
Other assets
Bank-owned life insurance	141,262	138,139
Premises and equipment, net	91,354	88,077
Prepaid expenses	4,072	3,550
Accrued interest receivable	15,489	15,192
Mortgage-servicing rights	9,191	8,884
Low-income housing equity investments	48,474	37,793
Real estate acquired in settlement of loans, net	219	1,030
Other	19,993	17,281
Total Other Assets	330,054	309,946
Other liabilities
Accrued expenses	37,671	30,705
Federal and state income taxes payable	13,971	13,448
Cashier’s checks	24,923	21,768
Advance payments by borrowers	5,531	10,311
Other	24,300	24,797
Total other liabilities	106,396	101,029
Balance Sheet related disclosures
Securities sold under agreements to repurchase	165,000	229,000
Advances from Federal Home Loan Bank	$ 100,000	$ 100,000

Bank segment - Components of i

Bank segment - Components of investment securities (Details) $ in Thousands	Sep. 30, 2016USD ($)issue	Dec. 31, 2015USD ($)issue
Available-for-sale securities
Total available-for-sale securities, Amortized cost	$ 987,081	$ 823,756
Gross unrealized gains	10,907	4,589
Gross unrealized losses	(1,004)	(7,697)
Available-for-sale investment securities	$ 996,984	$ 820,648
Available-for-sale, securities, less than 12 months, number of issues | issue	19	51
Available-for-sale Securities, Continuous Unrealized Loss Position
Fair value, less than 12 months	$ 144,675	$ 388,838
Gross unrealized losses, less than 12 months	$ (335)	$ (3,732)
Available-for-sale, securities, greater than 12 months, number of issues | issue	14	28
Fair value, 12 months or longer	$ 55,292	$ 143,195
Gross unrealized losses, 12 months or longer	(669)	(3,965)
U.S. Treasury and federal agency obligations
Available-for-sale securities
Total available-for-sale securities, Amortized cost	186,287	213,234
Gross unrealized gains	3,125	1,025
Gross unrealized losses	(40)	(1,300)
Available-for-sale investment securities	$ 189,372	$ 212,959
Available-for-sale, securities, less than 12 months, number of issues | issue	1	13
Available-for-sale Securities, Continuous Unrealized Loss Position
Fair value, less than 12 months	$ 9,988	$ 83,053
Gross unrealized losses, less than 12 months	$ (12)	$ (866)
Available-for-sale, securities, greater than 12 months, number of issues | issue	1	3
Fair value, 12 months or longer	$ 3,834	$ 17,378
Gross unrealized losses, 12 months or longer	(28)	(434)
Mortgage-related securities- FNMA, FHLMC and GNMA
Available-for-sale securities
Total available-for-sale securities, Amortized cost	800,794	610,522
Gross unrealized gains	7,782	3,564
Gross unrealized losses	(964)	(6,397)
Available-for-sale investment securities	$ 807,612	$ 607,689
Available-for-sale, securities, less than 12 months, number of issues | issue	18	38
Available-for-sale Securities, Continuous Unrealized Loss Position
Fair value, less than 12 months	$ 134,687	$ 305,785
Gross unrealized losses, less than 12 months	$ (323)	$ (2,866)
Available-for-sale, securities, greater than 12 months, number of issues | issue	13	25
Fair value, 12 months or longer	$ 51,458	$ 125,817
Gross unrealized losses, 12 months or longer	$ (641)	$ (3,531)

Bank segment - Contractual mat

Bank segment - Contractual maturities of securities (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Amortized Cost
Due in one year or less	$ 0
Due after one year through five years	87,165
Due after five years through ten years	78,222
Due after ten years	20,900
Total amortized cost	186,287
Mortgage-related securities-FNMA, FHLMC and GNMA - amortized cost	800,794
Total available-for-sale securities, Amortized cost	987,081	$ 823,756
Fair value
Due in one year or less	0
Due after one year through five years	88,754
Due after five years through ten years	79,534
Due after ten years	21,084
Total fair value	189,372
Mortgage-related securities-FNMA, FHLMC and GNMA - fair value	807,612
Available-for-sale securities	$ 996,984	$ 820,648

Bank segment - Allowance for l

Bank segment - Allowance for loan losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Allowance for loan losses:
Valuation allowance, balance at the beginning of the period	$ 55,331	$ 46,365	$ 50,038	$ 45,618
Charge-offs	(3,193)	(1,720)	(8,656)	(4,681)
Recoveries	852	632	2,089	1,901
Provision	5,747	2,997	15,266	5,436
Valuation allowance, balance at the end of the period	58,737	48,274	58,737	48,274
Ending balance: individually evaluated for impairment	8,513		8,513		$ 6,320
Ending balance: collectively evaluated for impairment	50,224		50,224		43,718
Financing Receivables:
Total financing receivables	4,739,773		4,739,773		4,622,068
Ending balance: individually evaluated for impairment	64,338		64,338		53,685
Ending balance: collectively evaluated for impairment	4,675,435		4,675,435		4,568,383
Residential 1-4 family
Allowance for loan losses:
Valuation allowance, balance at the beginning of the period	4,384	4,291	4,186	4,662
Charge-offs	(373)	(138)	(433)	(352)
Recoveries	92	45	144	112
Provision	154	285	360	61
Valuation allowance, balance at the end of the period	4,257	4,483	4,257	4,483
Ending balance: individually evaluated for impairment	1,625		1,625		1,453
Ending balance: collectively evaluated for impairment	2,632		2,632		2,733
Financing Receivables:
Total financing receivables	2,054,460		2,054,460		2,069,665
Ending balance: individually evaluated for impairment	21,566		21,566		22,457
Ending balance: collectively evaluated for impairment	2,032,894		2,032,894		2,047,208
Commercial real estate
Allowance for loan losses:
Valuation allowance, balance at the beginning of the period	13,561	10,420	11,342	8,954
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	1,289	987	3,508	2,453
Valuation allowance, balance at the end of the period	14,850	11,407	14,850	11,407
Ending balance: individually evaluated for impairment	161		161		0
Ending balance: collectively evaluated for impairment	14,689		14,689		11,342
Financing Receivables:
Total financing receivables	774,349		774,349		690,561
Ending balance: individually evaluated for impairment	3,762		3,762		1,188
Ending balance: collectively evaluated for impairment	770,587		770,587		689,373
Home equity line of credit
Allowance for loan losses:
Valuation allowance, balance at the beginning of the period	7,836	6,613	7,260	6,982
Charge-offs	(108)	(185)	(108)	(205)
Recoveries	15	33	46	72
Provision	(248)	446	297	58
Valuation allowance, balance at the end of the period	7,495	6,907	7,495	6,907
Ending balance: individually evaluated for impairment	1,040		1,040		442
Ending balance: collectively evaluated for impairment	6,455		6,455		6,818
Financing Receivables:
Total financing receivables	859,952		859,952		846,294
Ending balance: individually evaluated for impairment	5,886		5,886		3,225
Ending balance: collectively evaluated for impairment	854,066		854,066		843,069
Residential land
Allowance for loan losses:
Valuation allowance, balance at the beginning of the period	1,689	2,103	1,671	1,875
Charge-offs	0	0	0	0
Recoveries	187	34	306	219
Provision	23	(73)	(78)	(30)
Valuation allowance, balance at the end of the period	1,899	2,064	1,899	2,064
Ending balance: individually evaluated for impairment	951		951		891
Ending balance: collectively evaluated for impairment	948		948		780
Financing Receivables:
Total financing receivables	19,666		19,666		18,229
Ending balance: individually evaluated for impairment	4,428		4,428		5,683
Ending balance: collectively evaluated for impairment	15,238		15,238		12,546
Commercial construction
Allowance for loan losses:
Valuation allowance, balance at the beginning of the period	6,993	2,575	4,461	5,471
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	179	944	2,711	(1,952)
Valuation allowance, balance at the end of the period	7,172	3,519	7,172	3,519
Ending balance: individually evaluated for impairment	0		0		0
Ending balance: collectively evaluated for impairment	7,172		7,172		4,461
Financing Receivables:
Total financing receivables	140,758		140,758		100,796
Ending balance: individually evaluated for impairment	0		0		0
Ending balance: collectively evaluated for impairment	140,758		140,758		100,796
Residential construction
Allowance for loan losses:
Valuation allowance, balance at the beginning of the period	12	18	13	28
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	(2)	(5)	(3)	(15)
Valuation allowance, balance at the end of the period	10	13	10	13
Ending balance: individually evaluated for impairment	0		0		0
Ending balance: collectively evaluated for impairment	10		10		13
Financing Receivables:
Total financing receivables	15,073		15,073		14,089
Ending balance: individually evaluated for impairment	0		0		0
Ending balance: collectively evaluated for impairment	15,073		15,073		14,089
Commercial loans
Allowance for loan losses:
Valuation allowance, balance at the beginning of the period	17,085	17,469	17,208	14,017
Charge-offs	(833)	(126)	(3,138)	(928)
Recoveries	347	279	907	726
Provision	2,457	(920)	4,079	2,887
Valuation allowance, balance at the end of the period	19,056	16,702	19,056	16,702
Ending balance: individually evaluated for impairment	4,734		4,734		3,527
Ending balance: collectively evaluated for impairment	14,322		14,322		13,681
Financing Receivables:
Total financing receivables	717,450		717,450		758,659
Ending balance: individually evaluated for impairment	28,685		28,685		21,119
Ending balance: collectively evaluated for impairment	688,765		688,765		737,540
Consumer loans
Allowance for loan losses:
Valuation allowance, balance at the beginning of the period	3,771	2,876	3,897	3,629
Charge-offs	(1,879)	(1,271)	(4,977)	(3,196)
Recoveries	211	241	686	772
Provision	1,895	1,333	4,392	1,974
Valuation allowance, balance at the end of the period	3,998	3,179	3,998	3,179
Ending balance: individually evaluated for impairment	2		2		7
Ending balance: collectively evaluated for impairment	3,996		3,996		3,890
Financing Receivables:
Total financing receivables	158,065		158,065		123,775
Ending balance: individually evaluated for impairment	11		11		13
Ending balance: collectively evaluated for impairment	158,054		158,054		123,762
Unallocated
Allowance for loan losses:
Valuation allowance, balance at the beginning of the period	0	0	0	0
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision	0	0	0	0
Valuation allowance, balance at the end of the period	0	$ 0	0	$ 0
Ending balance: collectively evaluated for impairment	$ 0		$ 0		$ 0

Bank segment - Credit risk pro

Bank segment - Credit risk profile - assigned grades (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Commercial real estate
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	$ 774,349	$ 690,561
Commercial real estate | Pass
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	681,712	642,410
Commercial real estate | Special mention
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	58,411	7,710
Commercial real estate | Substandard
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	34,226	40,441
Commercial real estate | Doubtful
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	0	0
Commercial real estate | Loss
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	0	0
Commercial construction
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	140,758	100,796
Commercial construction | Pass
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	114,325	86,991
Commercial construction | Special mention
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	0	13,805
Commercial construction | Substandard
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	26,433	0
Commercial construction | Doubtful
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	0	0
Commercial construction | Loss
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	0	0
Commercial loans
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	717,450	758,659
Commercial loans | Pass
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	643,547	703,208
Commercial loans | Special mention
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	17,654	7,029
Commercial loans | Substandard
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	54,156	47,975
Commercial loans | Doubtful
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	2,093	447
Commercial loans | Loss
Credit risk profile by internally assigned grade for loans
Loans and leases receivable before fees, gross	$ 0	$ 0

Bank segment - Credit risk p58

Bank segment - Credit risk profile - payment activity (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Credit risk profile based on payment activity for loans
Total past due	$ 24,178	$ 26,099
Current	4,715,595	4,595,969
Total financing receivables	4,739,773	4,622,068
Recorded Investment greater than 90 days and accruing	393	0
Residential 1-4 family
Credit risk profile based on payment activity for loans
Total past due	16,495	19,759
Current	2,037,965	2,049,906
Total financing receivables	2,054,460	2,069,665
Recorded Investment greater than 90 days and accruing	0	0
Commercial real estate
Credit risk profile based on payment activity for loans
Total past due	0	0
Current	774,349	690,561
Total financing receivables	774,349	690,561
Recorded Investment greater than 90 days and accruing	0	0
Home equity line of credit
Credit risk profile based on payment activity for loans
Total past due	2,288	2,079
Current	857,664	844,215
Total financing receivables	859,952	846,294
Recorded Investment greater than 90 days and accruing	0	0
Residential land
Credit risk profile based on payment activity for loans
Total past due	541	415
Current	19,125	17,814
Total financing receivables	19,666	18,229
Recorded Investment greater than 90 days and accruing	393	0
Commercial construction
Credit risk profile based on payment activity for loans
Total past due	0	0
Current	140,758	100,796
Total financing receivables	140,758	100,796
Recorded Investment greater than 90 days and accruing	0	0
Residential construction
Credit risk profile based on payment activity for loans
Total past due	0	0
Current	15,073	14,089
Total financing receivables	15,073	14,089
Recorded Investment greater than 90 days and accruing	0	0
Commercial loans
Credit risk profile based on payment activity for loans
Total past due	1,697	1,226
Current	715,753	757,433
Total financing receivables	717,450	758,659
Recorded Investment greater than 90 days and accruing	0	0
Consumer loans
Credit risk profile based on payment activity for loans
Total past due	3,157	2,620
Current	154,908	121,155
Total financing receivables	158,065	123,775
Recorded Investment greater than 90 days and accruing	0	0
30 to 59 days past due
Credit risk profile based on payment activity for loans
Total past due	7,509	7,371
30 to 59 days past due | Residential 1-4 family
Credit risk profile based on payment activity for loans
Total past due	4,293	4,967
30 to 59 days past due | Commercial real estate
Credit risk profile based on payment activity for loans
Total past due	0	0
30 to 59 days past due | Home equity line of credit
Credit risk profile based on payment activity for loans
Total past due	827	896
30 to 59 days past due | Residential land
Credit risk profile based on payment activity for loans
Total past due	0	0
30 to 59 days past due | Commercial construction
Credit risk profile based on payment activity for loans
Total past due	0	0
30 to 59 days past due | Residential construction
Credit risk profile based on payment activity for loans
Total past due	0	0
30 to 59 days past due | Commercial loans
Credit risk profile based on payment activity for loans
Total past due	681	125
30 to 59 days past due | Consumer loans
Credit risk profile based on payment activity for loans
Total past due	1,708	1,383
60 to 89 days past due
Credit risk profile based on payment activity for loans
Total past due	4,046	4,811
60 to 89 days past due | Residential 1-4 family
Credit risk profile based on payment activity for loans
Total past due	1,626	3,289
60 to 89 days past due | Commercial real estate
Credit risk profile based on payment activity for loans
Total past due	0	0
60 to 89 days past due | Home equity line of credit
Credit risk profile based on payment activity for loans
Total past due	787	706
60 to 89 days past due | Residential land
Credit risk profile based on payment activity for loans
Total past due	0	0
60 to 89 days past due | Commercial construction
Credit risk profile based on payment activity for loans
Total past due	0	0
60 to 89 days past due | Residential construction
Credit risk profile based on payment activity for loans
Total past due	0	0
60 to 89 days past due | Commercial loans
Credit risk profile based on payment activity for loans
Total past due	997	223
60 to 89 days past due | Consumer loans
Credit risk profile based on payment activity for loans
Total past due	636	593
Greater than 90 days
Credit risk profile based on payment activity for loans
Total past due	12,623	13,917
Greater than 90 days | Residential 1-4 family
Credit risk profile based on payment activity for loans
Total past due	10,576	11,503
Greater than 90 days | Commercial real estate
Credit risk profile based on payment activity for loans
Total past due	0	0
Greater than 90 days | Home equity line of credit
Credit risk profile based on payment activity for loans
Total past due	674	477
Greater than 90 days | Residential land
Credit risk profile based on payment activity for loans
Total past due	541	415
Greater than 90 days | Commercial construction
Credit risk profile based on payment activity for loans
Total past due	0	0
Greater than 90 days | Residential construction
Credit risk profile based on payment activity for loans
Total past due	0	0
Greater than 90 days | Commercial loans
Credit risk profile based on payment activity for loans
Total past due	19	878
Greater than 90 days | Consumer loans
Credit risk profile based on payment activity for loans
Total past due	$ 813	$ 644

Bank segment - Credit risk p59

Bank segment - Credit risk profile - summary (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Credit risk profile based on nonaccrual loans
Nonaccrual loans	$ 52,616	$ 46,035
Accruing loans 90 days or more past due	393	0
Total troubled debt restructuring loans not included above	25,740	22,246
Residential 1-4 family
Credit risk profile based on nonaccrual loans
Nonaccrual loans	20,929	20,554
Accruing loans 90 days or more past due	0	0
Total troubled debt restructuring loans not included above	13,308	13,962
Commercial real estate
Credit risk profile based on nonaccrual loans
Nonaccrual loans	3,762	1,188
Accruing loans 90 days or more past due	0	0
Total troubled debt restructuring loans not included above	0	0
Home equity line of credit
Credit risk profile based on nonaccrual loans
Nonaccrual loans	2,404	2,254
Accruing loans 90 days or more past due	0	0
Total troubled debt restructuring loans not included above	4,501	2,467
Residential land
Credit risk profile based on nonaccrual loans
Nonaccrual loans	776	970
Accruing loans 90 days or more past due	393	0
Total troubled debt restructuring loans not included above	3,258	4,713
Commercial construction
Credit risk profile based on nonaccrual loans
Nonaccrual loans	0	0
Accruing loans 90 days or more past due	0	0
Total troubled debt restructuring loans not included above	0	0
Residential construction
Credit risk profile based on nonaccrual loans
Nonaccrual loans	0	0
Accruing loans 90 days or more past due	0	0
Total troubled debt restructuring loans not included above	0	0
Commercial loans
Credit risk profile based on nonaccrual loans
Nonaccrual loans	23,588	20,174
Accruing loans 90 days or more past due	0	0
Total troubled debt restructuring loans not included above	4,673	1,104
Consumer loans
Credit risk profile based on nonaccrual loans
Nonaccrual loans	1,157	895
Accruing loans 90 days or more past due	0	0
Total troubled debt restructuring loans not included above	$ 0	$ 0

Bank segment - Principal balan

Bank segment - Principal balance of impaired loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Recorded investment:
With no related allowance recorded	$ 21,020		$ 21,020		$ 19,806
With an allowance recorded	43,318		43,318		33,879
Recorded investment	64,338		64,338		53,685
Unpaid principal balance:
With no related allowance recorded	24,754		24,754		22,934
With an allowance recorded	44,035		44,035		34,696
Unpaid principal balance	68,789		68,789		57,630
Related Allowance	8,513		8,513		6,320
Average recorded investment:
With no related allowance recorded	28,378	$ 18,187	23,365	$ 20,413
With an allowance recorded	32,768	35,971	35,519	30,257
Average recorded investment	61,146	54,158	58,884	50,670
Interest income recognized:
With no related allowance recorded	228	226	484	620
With an allowance recorded	264	367	887	890
Interest income recognized	492	593	1,371	1,510
Residential 1-4 family
Recorded investment:
With no related allowance recorded	10,137		10,137		10,596
With an allowance recorded	11,429		11,429		11,861
Recorded investment	21,566		21,566		22,457
Unpaid principal balance:
With no related allowance recorded	11,473		11,473		11,805
With an allowance recorded	11,632		11,632		11,914
Unpaid principal balance	23,105		23,105		23,719
Related Allowance	1,625		1,625		1,453
Average recorded investment:
With no related allowance recorded	10,069	11,159	10,378	11,301
With an allowance recorded	11,800	11,451	11,933	11,585
Average recorded investment	21,869	22,610	22,311	22,886
Interest income recognized:
With no related allowance recorded	65	119	268	274
With an allowance recorded	119	174	356	430
Interest income recognized	184	293	624	704
Commercial real estate
Recorded investment:
With no related allowance recorded	1,351		1,351		1,188
With an allowance recorded	2,411		2,411		0
Recorded investment	3,762		3,762		1,188
Unpaid principal balance:
With no related allowance recorded	1,645		1,645		1,436
With an allowance recorded	2,482		2,482		0
Unpaid principal balance	4,127		4,127		1,436
Related Allowance	161		161		0
Average recorded investment:
With no related allowance recorded	1,206	0	1,177	362
With an allowance recorded	2,444	0	1,939	1,985
Average recorded investment	3,650	0	3,116	2,347
Interest income recognized:
With no related allowance recorded	0	74	0	74
With an allowance recorded	0	0	0	0
Interest income recognized	0	74	0	74
Home equity line of credit
Recorded investment:
With no related allowance recorded	1,300		1,300		707
With an allowance recorded	4,587		4,587		2,518
Recorded investment	5,887		5,887		3,225
Unpaid principal balance:
With no related allowance recorded	1,695		1,695		948
With an allowance recorded	4,657		4,657		2,579
Unpaid principal balance	6,352		6,352		3,527
Related Allowance	1,040		1,040		442
Average recorded investment:
With no related allowance recorded	1,220	498	1,035	444
With an allowance recorded	4,165	2,048	3,470	1,295
Average recorded investment	5,385	2,546	4,505	1,739
Interest income recognized:
With no related allowance recorded	6	1	15	3
With an allowance recorded	36	13	91	27
Interest income recognized	42	14	106	30
Residential land
Recorded investment:
With no related allowance recorded	1,608		1,608		1,644
With an allowance recorded	2,819		2,819		4,039
Recorded investment	4,427		4,427		5,683
Unpaid principal balance:
With no related allowance recorded	2,304		2,304		2,412
With an allowance recorded	2,819		2,819		4,117
Unpaid principal balance	5,123		5,123		6,529
Related Allowance	951		951		891
Average recorded investment:
With no related allowance recorded	1,521	2,280	1,532	2,647
With an allowance recorded	2,915	3,971	3,090	4,435
Average recorded investment	4,436	6,251	4,622	7,082
Interest income recognized:
With no related allowance recorded	16	29	47	125
With an allowance recorded	44	74	165	241
Interest income recognized	60	103	212	366
Commercial construction
Recorded investment:
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Recorded investment	0		0		0
Unpaid principal balance:
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Unpaid principal balance	0		0		0
Related Allowance	0		0		0
Average recorded investment:
With no related allowance recorded	0	0	0	0
With an allowance recorded	0	0	0	0
Average recorded investment	0	0	0	0
Interest income recognized:
With no related allowance recorded	0	0	0	0
With an allowance recorded	0	0	0	0
Interest income recognized	0	0	0	0
Residential construction
Recorded investment:
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Recorded investment	0		0		0
Unpaid principal balance:
With no related allowance recorded	0		0		0
With an allowance recorded	0		0		0
Unpaid principal balance	0		0		0
Related Allowance	0		0		0
Average recorded investment:
With no related allowance recorded	0	0	0	0
With an allowance recorded	0	0	0	0
Average recorded investment	0	0	0	0
Interest income recognized:
With no related allowance recorded	0	0	0	0
With an allowance recorded	0	0	0	0
Interest income recognized	0	0	0	0
Commercial loans
Recorded investment:
With no related allowance recorded	6,624		6,624		5,671
With an allowance recorded	22,061		22,061		15,448
Recorded investment	28,685		28,685		21,119
Unpaid principal balance:
With no related allowance recorded	7,637		7,637		6,333
With an allowance recorded	22,434		22,434		16,073
Unpaid principal balance	30,071		30,071		22,406
Related Allowance	4,734		4,734		3,527
Average recorded investment:
With no related allowance recorded	14,352	4,250	9,240	5,659
With an allowance recorded	11,433	18,487	15,075	10,942
Average recorded investment	25,785	22,737	24,315	16,601
Interest income recognized:
With no related allowance recorded	141	3	154	144
With an allowance recorded	65	106	275	192
Interest income recognized	206	109	429	336
Consumer loans
Recorded investment:
With no related allowance recorded	0		0		0
With an allowance recorded	11		11		13
Recorded investment	11		11		13
Unpaid principal balance:
With no related allowance recorded	0		0		0
With an allowance recorded	11		11		13
Unpaid principal balance	11		11		13
Related Allowance	2		2		$ 7
Average recorded investment:
With no related allowance recorded	10	0	3	0
With an allowance recorded	11	14	12	15
Average recorded investment	21	14	15	15
Interest income recognized:
With no related allowance recorded	0	0	0	0
With an allowance recorded	0	0	0	0
Interest income recognized	$ 0	$ 0	$ 0	$ 0

Bank segment - Troubled debt r

Bank segment - Troubled debt restructuring - narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2016USD ($)
Troubled debt restructurings real estate loans
Troubled debt restructurings
Financing receivable modifications minimum, period of payment default of loans determined to be TDRs	90 days
Commitments to lend additional funds to borrows with impaired or modified loans	$ 2.5
Land loans
Troubled debt restructurings
Period of interest-only monthly payment term loan	3 years
Land loans | Maximum
Troubled debt restructurings
Extension of maturity date	5 years

Bank segment - Loan modificati

Bank segment - Loan modifications (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016USD ($)contract	Sep. 30, 2015USD ($)contract	Sep. 30, 2016USD ($)contract	Sep. 30, 2015USD ($)contract	Dec. 31, 2015USD ($)
Financing Receivable, Modifications [Line Items]
Post-modification outstanding recorded investment			$ 25,740		$ 22,246
Residential 1-4 family
Financing Receivable, Modifications [Line Items]
Post-modification outstanding recorded investment			13,308		13,962
Commercial real estate
Financing Receivable, Modifications [Line Items]
Post-modification outstanding recorded investment			0		0
Home equity line of credit
Financing Receivable, Modifications [Line Items]
Post-modification outstanding recorded investment			4,501		2,467
Residential land
Financing Receivable, Modifications [Line Items]
Post-modification outstanding recorded investment			3,258		4,713
Commercial construction
Financing Receivable, Modifications [Line Items]
Post-modification outstanding recorded investment			0		0
Residential construction
Financing Receivable, Modifications [Line Items]
Post-modification outstanding recorded investment			0		0
Commercial loans
Financing Receivable, Modifications [Line Items]
Post-modification outstanding recorded investment			4,673		1,104
Consumer loans
Financing Receivable, Modifications [Line Items]
Post-modification outstanding recorded investment			$ 0		$ 0
Troubled debt restructurings real estate loans
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	20	15	56	48
Pre-modification outstanding recorded investment	$ 4,981	$ 3,011	$ 25,183	$ 5,578
Post-modification outstanding recorded investment	4,981	3,017	25,296	5,602
Net increases in ALL	$ 336	$ 157	$ 1,520	$ 442
Troubled debt restructurings real estate loans | Residential 1-4 family
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	2	3	11	10
Pre-modification outstanding recorded investment	$ 251	$ 860	$ 2,239	$ 2,055
Post-modification outstanding recorded investment	251	866	2,351	2,079
Net increases in ALL	$ 46	$ 1	$ 305	$ 48
Troubled debt restructurings real estate loans | Commercial real estate
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	0	0	0	0
Pre-modification outstanding recorded investment	$ 0	$ 0	$ 0	$ 0
Post-modification outstanding recorded investment	0	0	0	0
Net increases in ALL	$ 0	$ 0	$ 0	$ 0
Troubled debt restructurings real estate loans | Home equity line of credit
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	12	10	30	32
Pre-modification outstanding recorded investment	$ 1,268	$ 943	$ 2,705	$ 2,062
Post-modification outstanding recorded investment	1,268	943	2,705	2,062
Net increases in ALL	$ 237	$ 140	$ 492	$ 300
Troubled debt restructurings real estate loans | Residential land
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	0	0	1	0
Pre-modification outstanding recorded investment	$ 0	$ 0	$ 120	$ 0
Post-modification outstanding recorded investment	0	0	121	0
Net increases in ALL	$ 0	$ 0	$ 0	$ 0
Troubled debt restructurings real estate loans | Commercial construction
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	0	0	0	0
Pre-modification outstanding recorded investment	$ 0	$ 0	$ 0	$ 0
Post-modification outstanding recorded investment	0	0	0	0
Net increases in ALL	$ 0	$ 0	$ 0	$ 0
Troubled debt restructurings real estate loans | Residential construction
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	0	0	0	0
Pre-modification outstanding recorded investment	$ 0	$ 0	$ 0	$ 0
Post-modification outstanding recorded investment	0	0	0	0
Net increases in ALL	$ 0	$ 0	$ 0	$ 0
Troubled debt restructurings real estate loans | Commercial loans
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	6	2	14	6
Pre-modification outstanding recorded investment	$ 3,462	$ 1,208	$ 20,119	$ 1,461
Post-modification outstanding recorded investment	3,462	1,208	20,119	1,461
Net increases in ALL	$ 53	$ 16	$ 723	$ 94
Troubled debt restructurings real estate loans | Consumer loans
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	0	0	0	0
Pre-modification outstanding recorded investment	$ 0	$ 0	$ 0	$ 0
Post-modification outstanding recorded investment	0	0	0	0
Net increases in ALL	$ 0	$ 0	$ 0	$ 0

Bank segment - Troubled debt63

Bank segment - Troubled debt restructuring that subsequently defaulted (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)contract	Sep. 30, 2015USD ($)contract	Sep. 30, 2016USD ($)contract	Sep. 30, 2015USD ($)contract
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	1	1	2	1
Recorded investment | $	$ 239	$ 7	$ 264	$ 7
Residential 1-4 family
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	1	0	1	0
Recorded investment | $	$ 239	$ 0	$ 239	$ 0
Commercial real estate
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	0	0	0	0
Recorded investment | $	$ 0	$ 0	$ 0	$ 0
Home equity line of credit
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	0	1	0	1
Recorded investment | $	$ 0	$ 7	$ 0	$ 7
Residential land
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	0	0	0	0
Recorded investment | $	$ 0	$ 0	$ 0	$ 0
Commercial construction
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	0	0	0	0
Recorded investment | $	$ 0	$ 0	$ 0	$ 0
Residential construction
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	0	0	0	0
Recorded investment | $	$ 0	$ 0	$ 0	$ 0
Commercial loans
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	0	0	1	0
Recorded investment | $	$ 0	$ 0	$ 25	$ 0
Consumer loans
Financing Receivable, Modifications [Line Items]
Number of contracts | contract	0	0	0	0
Recorded investment | $	$ 0	$ 0	$ 0	$ 0

Bank segment - Mortgage servic

Bank segment - Mortgage servicing rights (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Servicing Asset at Amortized Cost [Line Items]
Repurchase reserve						$ 100,000		$ 100,000
American Savings Bank (ASB)
Servicing Asset at Amortized Cost [Line Items]
Mortgage service fees	$ 700,000	$ 900,000	$ 2,100,000	$ 2,700,000
Movement in Mortgage Loans on Real Estate [Roll Forward]
Servicing asset - beginning balance			8,884,000
Servicing asset - ending balance	9,191,000		9,191,000		$ 8,884,000
American Savings Bank (ASB) | Residential loan
Servicing Asset at Amortized Cost [Line Items]
Proceeds from sale of mortgage loans	70,000,000	58,200,000	168,500,000	231,500,000
Gain on sale of mortgage loans	2,400,000	1,400,000	5,100,000	5,300,000
American Savings Bank (ASB) | Mortgage Servicing Rights (MSR)
Servicing Asset at Amortized Cost [Line Items]
Gross carrying amount						16,475,000	$ 14,531,000
Accumulated amortization						(7,284,000)	(5,647,000)
Valuation allowance	0	0	0	(209,000)	(209,000)	0	0	0
Net carrying amount						9,191,000	8,884,000	$ 12,258,000
Movement in Mortgage Loans on Real Estate [Roll Forward]
Servicing asset - beginning balance			8,884,000	11,749,000	11,749,000
Amount capitalized			1,944,000	2,636,000
Amortization			(1,637,000)	(2,123,000)
Other-than-temporary impairment			0	(4,000)
Servicing asset - ending balance	9,191,000	12,258,000	9,191,000	12,258,000	8,884,000
Valuation Allowance [Roll Forward]
Valuation allowance, beginning balance			0	209,000	209,000
Provision (recovery)			0	(205,000)
Other-than-temporary impairment			0	(4,000)
Valuation allowance, ending balance	$ 0	$ 0	$ 0	$ 0	$ 0
Unpaid principal balance						1,160,266,000	1,097,314,000
Weighted average note-rate			4.00%		4.05%
Weighted average discount rate			9.40%		9.60%
Weighted average prepayment speed			12.40%		9.30%
Prepayment rate - 25 points adverse rate change						(533,000)	(561,000)
Prepayment rate - 50 points adverse rate change						(952,000)	(1,104,000)
Discount rate - 25 points adverse rate change						(90,000)	(111,000)
Discount rate - 50 points adverse rate change						$ (179,000)	$ (220,000)
American Savings Bank (ASB) | Measurement Band A
Valuation Allowance [Roll Forward]
Measurement band percent for risk categorization			0.50%
American Savings Bank (ASB) | Measurement Band B
Valuation Allowance [Roll Forward]
Measurement band percent for risk categorization			1.00%

Bank segment - Repurchase Agre

Bank segment - Repurchase Agreements (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Offsetting Liabilities [Line Items]
Gross amount of recognized liabilities	$ 165	$ 229
Securities Sold under Agreements to Repurchase, Asset	0	0
Securities sold under agreements to repurchase	165	229
Securities sold under agreements to repurchase collateral, financial instruments	204	261
Securities sold under agreements to repurchase, cash collateral pledged	0	0
Financial Institution
Offsetting Liabilities [Line Items]
Securities sold under agreements to repurchase	50	50
Securities sold under agreements to repurchase collateral, financial instruments	53	56
Securities sold under agreements to repurchase, cash collateral pledged	0	0
Government Entities
Offsetting Liabilities [Line Items]
Securities sold under agreements to repurchase	14	56
Securities sold under agreements to repurchase collateral, financial instruments	16	61
Securities sold under agreements to repurchase, cash collateral pledged	0	0
Commercial account holders
Offsetting Liabilities [Line Items]
Securities sold under agreements to repurchase	101	123
Securities sold under agreements to repurchase collateral, financial instruments	135	144
Securities sold under agreements to repurchase, cash collateral pledged	$ 0	$ 0

Bank segment - Derivatives (De

Bank segment - Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Derivative instrument
Net gains (losses) recognized in the Statement of Income	$ 151	$ 22	$ 325	$ 177
Not designated as a hedging instrument
Derivative instrument
Asset derivative	844		844		$ 385
Liability derivative	164		164		30
Interest rate lock commitments
Derivative instrument
Notional amount	40,700		40,700		22,241
Fair value	843		843		384
Interest rate lock commitments | Not designated as a hedging instrument
Derivative instrument
Asset derivative	843		843		384
Liability derivative	0		0		0
Interest rate lock commitments | Not designated as a hedging instrument | Mortgage banking income
Derivative instrument
Net gains (losses) recognized in the Statement of Income	48	139	459	195
Forward sale contracts
Derivative instrument
Notional amount	43,500		43,500		23,644
Fair value	(163)		(163)		(29)
Forward sale contracts | Not designated as a hedging instrument
Derivative instrument
Asset derivative	1		1		1
Liability derivative	164		164		$ 30
Forward sale contracts | Not designated as a hedging instrument | Mortgage banking income
Derivative instrument
Net gains (losses) recognized in the Statement of Income	$ 103	$ (117)	$ (134)	$ (18)

Bank segment - Contingencies (

Bank segment - Contingencies (Details) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
American Savings Bank (ASB)
Loss Contingencies [Line Items]
Unfunded commitments to fund the company's LIHTC	$ 18.1	$ 10.1

Retirement benefits (Details)

Retirement benefits (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Defined benefit plans
Expected payments for remainder of fiscal year	$ 3,000,000		$ 3,000,000
Payments for benefits					$ 1,000,000
Retirement benefits expense			$ 26,000,000	$ 27,000,000
Number of years for which regulatory asset/liability for each utility will be amortized, beginning with respective utility's next rate case			5 years
Defined contribution plan, expenses recognized			$ 4,100,000	4,000,000
Cash contributions by the employer to defined contribution plan			4,600,000	4,300,000
Pension benefits
Defined benefit plans
Contributions made to defined benefit plans			49,000,000	66,000,000
Contributions expected to be paid in current year			65,000,000		88,000,000
Service cost	15,126,000	$ 16,577,000	45,430,000	49,683,000
Interest cost	20,396,000	19,229,000	61,154,000	57,731,000
Expected return on plan assets	(24,640,000)	(22,126,000)	(73,920,000)	(66,426,000)
Amortization of net prior service loss (gain)	(15,000)	1,000	(43,000)	3,000
Amortization of net actuarial loss	6,228,000	9,191,000	18,605,000	27,608,000
Net periodic benefit cost	17,095,000	22,872,000	51,226,000	68,599,000
Impact of PUC D&Os	(4,653,000)	(10,017,000)	(13,464,000)	(29,994,000)
Net periodic benefit cost (adjusted for impact of PUC D&Os)	12,442,000	12,855,000	37,762,000	38,605,000
Pension benefits | American Savings Bank (ASB)
Defined benefit plans
Contributions expected to be paid in current year			0		0
Other benefits
Defined benefit plans
Service cost	831,000	982,000	2,499,000	2,945,000
Interest cost	2,417,000	2,254,000	7,254,000	6,757,000
Expected return on plan assets	(3,064,000)	(2,912,000)	(9,207,000)	(8,753,000)
Amortization of net prior service loss (gain)	(449,000)	(448,000)	(1,345,000)	(1,345,000)
Amortization of net actuarial loss	200,000	450,000	603,000	1,346,000
Net periodic benefit cost	(65,000)	326,000	(196,000)	950,000
Impact of PUC D&Os	336,000	(60,000)	1,008,000	(180,000)
Net periodic benefit cost (adjusted for impact of PUC D&Os)	271,000	266,000	812,000	770,000
Hawaiian Electric Company, Inc. and Subsidiaries
Defined benefit plans
Expected payments for remainder of fiscal year	1,000,000		1,000,000
Payments for benefits					400,000
Retirement benefits expense			23,000,000	22,000,000
Defined contribution plan, expenses recognized			1,200,000	1,100,000
Cash contributions by the employer to defined contribution plan			1,200,000	1,100,000
Hawaiian Electric Company, Inc. and Subsidiaries | Pension benefits
Defined benefit plans
Contributions made to defined benefit plans			48,000,000	65,000,000
Contributions expected to be paid in current year			64,000,000		86,000,000
Service cost	14,699,000	16,066,000	44,097,000	48,197,000
Interest cost	18,702,000	17,632,000	56,106,000	52,897,000
Expected return on plan assets	(22,908,000)	(20,635,000)	(68,725,000)	(61,906,000)
Amortization of net prior service loss (gain)	3,000	10,000	10,000	30,000
Amortization of net actuarial loss	5,674,000	8,342,000	17,020,000	25,028,000
Net periodic benefit cost	16,170,000	21,415,000	48,508,000	64,246,000
Impact of PUC D&Os	(4,653,000)	(10,017,000)	(13,464,000)	(29,994,000)
Net periodic benefit cost (adjusted for impact of PUC D&Os)	11,517,000	11,398,000	35,044,000	34,252,000
Hawaiian Electric Company, Inc. and Subsidiaries | Other benefits
Defined benefit plans
Service cost	821,000	967,000	2,463,000	2,902,000
Interest cost	2,334,000	2,175,000	7,003,000	6,525,000
Expected return on plan assets	(3,023,000)	(2,873,000)	(9,072,000)	(8,621,000)
Amortization of net prior service loss (gain)	(451,000)	(450,000)	(1,353,000)	(1,352,000)
Amortization of net actuarial loss	198,000	438,000	595,000	1,315,000
Net periodic benefit cost	(121,000)	257,000	(364,000)	769,000
Impact of PUC D&Os	336,000	(60,000)	1,008,000	(180,000)
Net periodic benefit cost (adjusted for impact of PUC D&Os)	$ 215,000	$ 197,000	644,000	$ 589,000
Hawaiian Electric Industries, Inc. | Pension benefits
Defined benefit plans
Contributions expected to be paid in current year			$ 1,000,000		$ 2,000,000

Share-based compensation - Narr

Share-based compensation - Narrative (Details) - USD ($)	Mar. 01, 2014	Jul. 31, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015
Share-based compensation
Capitalized share-based compensation expense			$ 0	$ 30,000	$ 0	$ 120,000
Share-based compensation expense			1,600,000	1,000,000	3,600,000	4,800,000
Income tax benefit from compensation expense			$ 500,000	$ 300,000	$ 1,200,000	$ 1,700,000
Stock appreciation rights (SARs)
Share-based compensation
Options outstanding			0		0		0
Shares underlying SARs exercised				0		80,000
Weighted-average price of shares exercised (in dollars per share)				$ 0		$ 26.18
Aggregate intrinsic value of options outstanding				$ 0		$ 502,000
Tax benefit realized for the deduction of exercises				$ 0		82,000
Restricted stock units
Share-based compensation
Unrecognized share based compensation			$ 4,400,000		$ 4,400,000
Weighted average period for recognition of unrecognized compensation cost					2 years 7 months 6 days
Fair value measurement of vested units and related dividends					$ 2,700,000	3,700,000
Income tax benefit from compensation expense					$ 900,000	1,100,000
Long-term Incentive Plan
Share-based compensation
Payment award, low end of range					0.00%
Payment award, high end of range					200.00%
LTIP linked to TRS
Share-based compensation
Unrecognized share based compensation			100,000		$ 100,000
Weighted average period for recognition of unrecognized compensation cost					3 months
Measurement period for total return to shareholders					3 years
Long-term Incentive 2014 to 2016 Plan Linked to Total Return to Shareholders
Share-based compensation
Award requisite service period					3 years
LTIP awards linked to other performance conditions
Share-based compensation
Unrecognized share based compensation			$ 200,000		$ 200,000
Weighted average period for recognition of unrecognized compensation cost					3 months
Fair value measurement of vested units and related dividends					$ 3,600,000	4,700,000
Income tax benefit from compensation expense					$ 1,400,000	1,800,000
Equity and Incentive Plan
Share-based compensation
Number of additional shares authorized	1,500,000
Shares available for future issuance			3,400,000		3,400,000
Number of share issuable upon vesting and achievement of performance goals			400,000		400,000
Nonemployee Director Stock Plan
Share-based compensation
Shares available for future grant			121,198		121,198
Nonemployee Director Stock Plan | Stock Compensation Plan
Share-based compensation
Share-based compensation expense		$ 200,000
Fair value measurement of vested units and related dividends					$ 600,000	800,000
Income tax benefit from compensation expense					$ 200,000	$ 300,000

Share-based compensation - Summ

Share-based compensation - Summary of income taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based compensation
Share-based compensation expense (in dollars)	$ 1.6	$ 1	$ 3.6	$ 4.8
Income tax benefit (in dollars)	0.5	0.3	1.2	1.7
Hawaiian Electric Company, Inc. and Subsidiaries
Share-based compensation
Share-based compensation expense (in dollars)	0.5	0.1	1	1.3
Income tax benefit (in dollars)	$ 0.2	$ 0	$ 0.4	$ 0.5

Share-based compensation - Su71

Share-based compensation - Summary of changes in share based compensation (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based compensation
Income tax benefit from compensation expense	$ 0.5	$ 0.3	$ 1.2	$ 1.7
Weighted-average grant-date fair value per share
Total weighted-average grant-date fair value	$ 0	$ 0
Restricted stock units
Share-based compensation
Granted (in shares)	766	690	95,048	85,772
Fair value measurement of vested units and related dividends			$ 2.7	$ 3.7
Income tax benefit from compensation expense			$ 0.9	$ 1.1
Restricted stock awards and restricted stock units
Outstanding, beginning of period (in shares)	225,752	252,302	210,634	261,235
Granted (in shares)	766	690	95,048	85,772
Vested (in shares)	(4,419)	(19,840)	(83,583)	(99,891)
Forfeited (in shares)	(2,352)	(14,316)	(2,352)	(28,280)
Outstanding, end of period (in shares)	219,747	218,836	219,747	218,836
Weighted-average grant-date fair value per share
Outstanding, beginning of period (in dollars per share)	$ 29.59	$ 28.35	$ 28.82	$ 25.77
Granted (in dollars per share)	30.65	30.91	29.91	33.69
Vested (in dollars per share)	27.26	25.35	27.88	25.69
Forfeited (in dollars per share)	29.69	25.82	29.69	26.66
Outstanding, end of period (in dollars per share)	$ 29.64	$ 28.79	$ 29.64	$ 28.79
Total weighted-average grant-date fair value			$ 2.8	$ 2.9
LTIP linked to TRS
Share-based compensation
Granted (in shares)	0	0	0	0
Restricted stock awards and restricted stock units
Outstanding, beginning of period (in shares)	83,947	163,423	162,500	257,956
Granted (in shares)	0	0	0	0
Vested (in shares)	0	0	(78,553)	(75,915)
Forfeited (in shares)	(175)	0	(175)	(18,618)
Outstanding, end of period (in shares)	83,772	163,423	83,772	163,423
Weighted-average grant-date fair value per share
Outstanding, beginning of period (in dollars per share)	$ 22.95	$ 27.63	$ 27.66	$ 28.45
Granted (in dollars per share)	0	0	0	0
Vested (in dollars per share)	0	0	32.69	30.71
Forfeited (in dollars per share)	22.95	0	22.95	26.41
Outstanding, end of period (in dollars per share)	$ 22.95	$ 27.63	$ 22.95	$ 27.63
LTIP awards linked to other performance conditions
Share-based compensation
Granted (in shares)	0	0	0	0
Fair value measurement of vested units and related dividends			$ 3.6	$ 4.7
Income tax benefit from compensation expense			$ 1.4	$ 1.8
Restricted stock awards and restricted stock units
Outstanding, beginning of period (in shares)	113,550	220,158	222,647	364,731
Granted (in shares)	0	0	0	0
Vested (in shares)	0	0	(109,097)	(121,249)
Cancelled (in shares)	0	(14,050)	0	(14,050)
Forfeited (in shares)	(699)	0	(699)	(23,324)
Outstanding, end of period (in shares)	112,851	206,108	112,851	206,108
Weighted-average grant-date fair value per share
Outstanding, beginning of period (in dollars per share)	$ 25.18	$ 26	$ 26.02	$ 26.01
Granted (in dollars per share)	0	0	0	0
Vested (in dollars per share)	0	0	26.89	26.05
Cancelled (in dollars per share)	0	26.89	0	26.89
Forfeited (in dollars per share)	25.19	0	25.19	25.85
Outstanding, end of period (in dollars per share)	$ 25.18	$ 25.94	$ 25.18	$ 25.94
Nonemployee Director Stock Plan | Stock Compensation Plan
Share-based compensation
Granted (in shares)			19,846	28,246
Fair value measurement of vested units and related dividends			$ 0.6	$ 0.8
Income tax benefit from compensation expense			$ 0.2	$ 0.3
Restricted stock awards and restricted stock units
Granted (in shares)			19,846	28,246

Shareholders' equity - Narrativ

Shareholders' equity - Narrative (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	Mar. 20, 2015	Jul. 14, 2014	Dec. 19, 2013	Mar. 20, 2013	Mar. 19, 2013
Equity forward transaction
Public offering related to equity forward transaction (in shares)					6.1
Sale of common stock related to equity forward transaction (in dollars per share)					$ 26.75
Closing price of common stock (in dollar per share)					$ 27.01
Offering related to underwriters exercising their over-allotment option under equity forward transaction (in shares)				0.9
Shares borrowed by forward counterparty from third party					7
Underwriting discount (in dollars per share)					$ 1.00312
Forward sale price (in dollars per share)					25.74688
Initial fair value (in dollars per share)					$ 0
Delivery of net shares on settlement	4.7	1	1.3
Delivery of cash on settlement	$ 104.5	$ 23.9	$ 32.1
Underwriting discount	$ 4.7	$ 1	$ 1.3

Shareholders' equity - Accumula

Shareholders' equity - Accumulated other comprehensive income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance			$ 1,927,640	$ 1,790,573
Current period other comprehensive income	$ (1,669)	$ 4,430	9,239	5,361
Ending Balance	2,068,388	1,921,001	2,068,388	1,921,001
AOCI Attributable to Parent [Member]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance			(26,262)	(27,378)
Current period other comprehensive income			9,239	5,361
Ending Balance	(17,023)	(22,017)	(17,023)	(22,017)
Net unrealized gains (losses) on securities
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance			(1,872)	462
Current period other comprehensive income			7,837	3,608
Ending Balance	5,965	4,070	5,965	4,070
Unrealized gains (losses) on derivatives
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance			(54)	(289)
Current period other comprehensive income			459	177
Ending Balance	405	(112)	405	(112)
Retirement benefit plans
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance			(24,336)	(27,551)
Current period other comprehensive income			943	1,576
Ending Balance	(23,393)	(25,975)	(23,393)	(25,975)
Hawaiian Electric Company, Inc. and Subsidiaries
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance			1,728,325	1,682,144
Current period other comprehensive income	151	4	412	11
Ending Balance	1,766,727	1,717,064	1,766,727	1,717,064
Hawaiian Electric Company, Inc. and Subsidiaries | AOCI Attributable to Parent [Member]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance			925	45
Current period other comprehensive income			412	11
Ending Balance	1,337	56	1,337	56
Hawaiian Electric Company, Inc. and Subsidiaries | Unrealized gains (losses) on derivatives
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance			0	0
Current period other comprehensive income			405	0
Ending Balance	405	0	405	0
Hawaiian Electric Company, Inc. and Subsidiaries | Retirement benefit plans
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax [Abstract]
Beginning Balance			925	45
Current period other comprehensive income			7	11
Ending Balance	$ 932	$ 56	$ 932	$ 56

Shareholders' equity - Reclassi

Shareholders' equity - Reclassification out of AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Reclassifications out of accumulated other comprehensive income/(loss)
Total revenues	$ 646,055	$ 717,176	$ 1,763,259	$ 1,978,950
Interest expense	19,365	19,229	56,792	57,235
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $2,324, $3,583, $6,943 and $10,760 for the respective periods	3,641	5,611	10,877	16,850
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes of $2,109, $3,243, $6,327 and $9,729 for the respective periods	(3,311)	(5,091)	(9,934)	(15,274)
Electric utility
Reclassifications out of accumulated other comprehensive income/(loss)
Total revenues	572,253	648,127	1,549,700	1,779,732
Hawaiian Electric Company, Inc. and Subsidiaries
Reclassifications out of accumulated other comprehensive income/(loss)
Total revenues	572,253	648,127	1,549,700	1,779,732
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $2,324, $3,583, $6,943 and $10,760 for the respective periods	3,314	5,095	9,941	15,285
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes of $2,109, $3,243, $6,327 and $9,729 for the respective periods	(3,311)	(5,091)	(9,934)	(15,274)
Amount reclassified from AOCI
Reclassifications out of accumulated other comprehensive income/(loss)
Total reclassifications	157	579	464	1,753
Amount reclassified from AOCI | Hawaiian Electric Company, Inc. and Subsidiaries
Reclassifications out of accumulated other comprehensive income/(loss)
Total reclassifications	(170)	4	(166)	11
Amount reclassified from AOCI | Net unrealized gains (losses) on securities
Reclassifications out of accumulated other comprehensive income/(loss)
Net realized gains on securities	0	0	(360)	0
Amount reclassified from AOCI | Derivatives qualified as cash flow hedges Interest rate contracts (settled in 2011) | Forward sale contracts | Electric utility
Reclassifications out of accumulated other comprehensive income/(loss)
Total revenues	(173)	0	(173)	0
Amount reclassified from AOCI | Derivatives qualified as cash flow hedges Interest rate contracts (settled in 2011) | Interest rate contracts
Reclassifications out of accumulated other comprehensive income/(loss)
Interest expense	0	59	54	177
Amount reclassified from AOCI | Derivatives qualified as cash flow hedges Interest rate contracts (settled in 2011) | Hawaiian Electric Company, Inc. and Subsidiaries | Forward sale contracts | Electric utility
Reclassifications out of accumulated other comprehensive income/(loss)
Total revenues	(173)	0	(173)	0
Amount reclassified from AOCI | Retirement benefit plans
Reclassifications out of accumulated other comprehensive income/(loss)
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $2,324, $3,583, $6,943 and $10,760 for the respective periods	3,641	5,611	10,877	16,850
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes of $2,109, $3,243, $6,327 and $9,729 for the respective periods	(3,311)	(5,091)	(9,934)	(15,274)
Amount reclassified from AOCI | Retirement benefit plans | Hawaiian Electric Company, Inc. and Subsidiaries
Reclassifications out of accumulated other comprehensive income/(loss)
Less: amortization of prior service credit and net losses recognized during the period in net periodic benefit cost, net of tax benefits of $2,324, $3,583, $6,943 and $10,760 for the respective periods	3,314	5,095	9,941	15,285
Less: reclassification adjustment for impact of D&Os of the PUC included in regulatory assets, net of taxes of $2,109, $3,243, $6,327 and $9,729 for the respective periods	$ (3,311)	$ (5,091)	$ (9,934)	$ (15,274)

Fair value measurements - Summa

Fair value measurements - Summary of financial assets and liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financial assets
Available-for-sale investment securities	$ 996,984	$ 820,648
Financial liabilities
Short-term borrowings—other than bank	0	103,063
Other bank borrowings	265,388	328,582
Carrying or notional amount
Financial assets
Money market funds	45,030	10
Available-for-sale investment securities	996,984	820,648
Stock in Federal Home Loan Bank	11,218	10,678
Loans receivable, net	4,702,644	4,570,412
Mortgage-servicing rights	9,191	8,884
Bank-owned life insurance	141,262	138,139
Derivative assets	62,581	22,616
Financial liabilities
Deposit liabilities	5,380,721	5,025,254
Short-term borrowings—other than bank		103,063
Other bank borrowings	265,388	328,582
Long-term debt, net—other than bank	1,579,065	1,578,368
Derivative liabilities	42,344	23,269
Carrying or notional amount | Hawaiian Electric Company, Inc. and Subsidiaries
Financial assets
Derivative assets	20,725
Financial liabilities
Long-term debt, net—other than bank	1,279,327	1,278,702
Estimated fair value
Financial assets
Money market funds	45,030	10
Available-for-sale investment securities	996,984	820,648
Stock in Federal Home Loan Bank	11,218	10,678
Loans receivable, net	4,950,241	4,749,525
Mortgage-servicing rights	10,971	11,790
Bank-owned life insurance	141,262	138,139
Derivative assets	1,508	385
Financial liabilities
Deposit liabilities	5,384,924	5,024,500
Short-term borrowings—other than bank		103,063
Other bank borrowings	267,892	333,392
Long-term debt, net—other than bank	1,741,707	1,669,087
Derivative liabilities	164	30
Estimated fair value | Hawaiian Electric Company, Inc. and Subsidiaries
Financial assets
Derivative assets	664
Financial liabilities
Long-term debt, net—other than bank	1,432,766	1,363,766
Estimated fair value | Level 1
Financial assets
Money market funds	0	0
Available-for-sale investment securities	0	0
Stock in Federal Home Loan Bank	0	0
Loans receivable, net	0	0
Mortgage-servicing rights	0	0
Bank-owned life insurance	0	0
Derivative assets	0	0
Financial liabilities
Deposit liabilities	0	0
Short-term borrowings—other than bank		0
Other bank borrowings	0	0
Long-term debt, net—other than bank	0	0
Derivative liabilities	121	15
Estimated fair value | Level 1 | Hawaiian Electric Company, Inc. and Subsidiaries
Financial assets
Derivative assets	0
Financial liabilities
Long-term debt, net—other than bank	0	0
Estimated fair value | Level 2
Financial assets
Money market funds	45,030	10
Available-for-sale investment securities	996,984	820,648
Stock in Federal Home Loan Bank	11,218	10,678
Loans receivable, net	26,784	4,639
Mortgage-servicing rights	0	0
Bank-owned life insurance	141,262	138,139
Derivative assets	1,508	385
Financial liabilities
Deposit liabilities	5,384,924	5,024,500
Short-term borrowings—other than bank		103,063
Other bank borrowings	267,892	333,392
Long-term debt, net—other than bank	1,741,707	1,669,087
Derivative liabilities	43	15
Estimated fair value | Level 2 | Hawaiian Electric Company, Inc. and Subsidiaries
Financial assets
Derivative assets	664
Financial liabilities
Long-term debt, net—other than bank	1,432,766	1,363,766
Estimated fair value | Level 3
Financial assets
Money market funds	0	0
Available-for-sale investment securities	0	0
Stock in Federal Home Loan Bank	0	0
Loans receivable, net	4,923,457	4,744,886
Mortgage-servicing rights	10,971	11,790
Bank-owned life insurance	0	0
Derivative assets	0	0
Financial liabilities
Deposit liabilities	0	0
Short-term borrowings—other than bank		0
Other bank borrowings	0	0
Long-term debt, net—other than bank	0	0
Derivative liabilities	0	0
Estimated fair value | Level 3 | Hawaiian Electric Company, Inc. and Subsidiaries
Financial assets
Derivative assets	0
Financial liabilities
Long-term debt, net—other than bank	$ 0	$ 0

Fair value measurements - Asset

Fair value measurements - Assets and liabilities measured on a recurring basis (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Fair value measurements on a recurring basis
Available-for-sale investment securities	$ 996,984,000	$ 820,648,000
Estimated fair value
Fair value measurements on a recurring basis
Money market funds	45,030,000	10,000
Available-for-sale investment securities	996,984,000	820,648,000
Derivative assets
Derivative assets	1,508,000	385,000
Derivative liabilities
Derivative liabilities	164,000	30,000
Loans	4,950,241,000	4,749,525,000
Level 1 | Estimated fair value
Fair value measurements on a recurring basis
Money market funds	0	0
Available-for-sale investment securities	0	0
Derivative assets
Derivative assets	0	0
Derivative liabilities
Derivative liabilities	121,000	15,000
Loans	0	0
Level 2 | Estimated fair value
Fair value measurements on a recurring basis
Money market funds	45,030,000	10,000
Available-for-sale investment securities	996,984,000	820,648,000
Derivative assets
Derivative assets	1,508,000	385,000
Derivative liabilities
Derivative liabilities	43,000	15,000
Loans	26,784,000	4,639,000
Level 3 | Estimated fair value
Fair value measurements on a recurring basis
Money market funds	0	0
Available-for-sale investment securities	0	0
Derivative assets
Derivative assets	0	0
Derivative liabilities
Derivative liabilities	0	0
Loans	4,923,457,000	4,744,886,000
Fair value measurements on a recurring basis | Level 1
Derivative assets
Derivative assets	0	0
Fair value measurements on a recurring basis | Level 1 | Interest rate lock commitments
Derivative assets
Derivative assets	0	0
Fair value measurements on a recurring basis | Level 1 | Forward sale contracts
Derivative assets
Derivative assets	0	0
Derivative liabilities
Derivative liabilities	121,000	15,000
Fair value measurements on a recurring basis | Level 1 | Window forward contract
Derivative assets
Derivative assets	0	0
Fair value measurements on a recurring basis | Level 1 | Other
Fair value measurements on a recurring basis
Money market funds	0	0
Fair value measurements on a recurring basis | Level 1 | Bank
Fair value measurements on a recurring basis
Available-for-sale investment securities	0	0
Fair value measurements on a recurring basis | Level 1 | Mortgage-related securities - FNMA, FHLMC and GNMA | Bank
Fair value measurements on a recurring basis
Available-for-sale investment securities	0	0
Fair value measurements on a recurring basis | Level 1 | U.S. Treasury federal agency obligations | Bank
Fair value measurements on a recurring basis
Available-for-sale investment securities	0	0
Fair value measurements on a recurring basis | Level 2
Derivative assets
Derivative assets	1,508,000	385,000
Fair value measurements on a recurring basis | Level 2 | Interest rate lock commitments
Derivative assets
Derivative assets	843,000	384,000
Fair value measurements on a recurring basis | Level 2 | Forward sale contracts
Derivative assets
Derivative assets	1,000	1,000
Derivative liabilities
Derivative liabilities	43,000	15,000
Fair value measurements on a recurring basis | Level 2 | Window forward contract
Derivative assets
Derivative assets	664,000	0
Fair value measurements on a recurring basis | Level 2 | Other
Fair value measurements on a recurring basis
Money market funds	45,030,000	10,000
Fair value measurements on a recurring basis | Level 2 | Bank
Fair value measurements on a recurring basis
Available-for-sale investment securities	996,984,000	820,648,000
Fair value measurements on a recurring basis | Level 2 | Mortgage-related securities - FNMA, FHLMC and GNMA | Bank
Fair value measurements on a recurring basis
Available-for-sale investment securities	807,612,000	607,689,000
Fair value measurements on a recurring basis | Level 2 | U.S. Treasury federal agency obligations | Bank
Fair value measurements on a recurring basis
Available-for-sale investment securities	189,372,000	212,959,000
Fair value measurements on a recurring basis | Level 3
Derivative assets
Derivative assets	0	0
Fair value measurements on a recurring basis | Level 3 | Interest rate lock commitments
Derivative assets
Derivative assets	0	0
Fair value measurements on a recurring basis | Level 3 | Forward sale contracts
Derivative assets
Derivative assets	0	0
Derivative liabilities
Derivative liabilities	0	0
Fair value measurements on a recurring basis | Level 3 | Window forward contract
Derivative assets
Derivative assets	0	0
Fair value measurements on a recurring basis | Level 3 | Other
Fair value measurements on a recurring basis
Money market funds	0	0
Fair value measurements on a recurring basis | Level 3 | Bank
Fair value measurements on a recurring basis
Available-for-sale investment securities	0	0
Fair value measurements on a recurring basis | Level 3 | Mortgage-related securities - FNMA, FHLMC and GNMA | Bank
Fair value measurements on a recurring basis
Available-for-sale investment securities	0	0
Fair value measurements on a recurring basis | Level 3 | U.S. Treasury federal agency obligations | Bank
Fair value measurements on a recurring basis
Available-for-sale investment securities	0	0
Fair value measurements on a nonrecurring basis | American Savings Bank (ASB)
Derivative liabilities
Adjustments to fair value of loans held for sale	0		$ 0
Fair value measurements on a nonrecurring basis | Estimated fair value
Derivative liabilities
Loans	1,382,000	178,000
Real estate acquired in settlement of loans	219,000	1,030,000
Fair value measurements on a nonrecurring basis | Level 1
Derivative liabilities
Loans	0	0
Real estate acquired in settlement of loans	0	0
Fair value measurements on a nonrecurring basis | Level 2
Derivative liabilities
Loans	0	0
Real estate acquired in settlement of loans	0	0
Fair value measurements on a nonrecurring basis | Level 3
Derivative liabilities
Loans	1,382,000	178,000
Real estate acquired in settlement of loans	$ 219,000	$ 1,030,000

Fair value measurements - Sum77

Fair value measurements - Summary of Level 3 financial instruments (Details) - Fair Value, Inputs, Level 3 - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Fair value measurements
Fair value	$ 1,382	$ 178
Fair value of property or collateral | Residential loan
Fair value measurements
Fair value	$ 1,370	$ 50
Appraised value, selling cost	7.00%	7.00%
Appraised value, weighted average rate (as a percent)	64.00%
Fair value of property or collateral | Residential loan | Minimum
Fair value measurements
Appraised value (as a percent)	42.00%
Fair value of property or collateral | Residential loan | Maximum
Fair value measurements
Appraised value (as a percent)	91.00%
Fair value of property or collateral | Home equity line of credit
Fair value measurements
Fair value	$ 12	$ 128
Appraised value, selling cost	7.00%	7.00%
Fair value of property or collateral | Real estate acquired in settlement of loans
Fair value measurements
Fair value	$ 219	$ 1,030
Appraised value, selling cost	7.00%	7.00%
Appraised value (as a percent)	100.00%	100.00%
Appraised value, weighted average rate (as a percent)	100.00%	100.00%

Cash flows (Details)

Cash flows (Details) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Supplemental disclosures of cash flow information
Interest paid to non-affiliates	$ 61	$ 61
Income taxes paid	19	62
Income taxes refunded	45	55
Supplemental disclosures of noncash activities
Common stock dividends reinvested in HEI common stock (financing)	17	0
Loans transferred from held for investment to held for sale (investing)	14	0
Real estate transferred from property, plant and equipment to other assets held-for-sale (investing)	1	5
Obligations to fund low income housing investments (operating)	14	1
Additions to electric utility property, plant and equipment - unpaid invoices and accruals (investing)	(7)	1
Hawaiian Electric Company, Inc. and Subsidiaries
Supplemental disclosures of cash flow information
Interest paid to non-affiliates	43	43
Income taxes paid	0	13
Income taxes refunded	20	12
Supplemental disclosures of noncash activities
Additions to electric utility property, plant and equipment - unpaid invoices and accruals (investing)	$ (7)	$ 1

Recent accounting pronounceme79

Recent accounting pronouncements (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other assets	$ 459,187	$ 480,457
Total assets	12,198,985	11,782,018
Liabilities and Equity	12,198,985	11,782,018
Long-term debt, net—other than bank	1,579,065	1,578,368
Total liabilities	10,096,304	9,820,085
Hawaiian Electric Company, Inc. and Subsidiaries
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets	5,800,826	5,672,210
Liabilities and Equity	5,800,826	5,672,210
Unamortized debt expense	267	497
Total other long-term assets	874,355	900,483
Long-term debt, net	1,279,327	1,278,702
Total capitalization	3,080,347	3,041,320
Hawaiian Electric Company
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets	4,598,577	4,476,175
Liabilities and Equity	4,598,577	4,476,175
Unamortized debt expense	193	359
Total other long-term assets	637,788	657,047
Long-term debt, net	875,573	875,163
Total capitalization	2,664,593	2,625,781
HELCO
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets	967,743	954,515
Liabilities and Equity	967,743	954,515
Unamortized debt expense	33	74
Total other long-term assets	124,534	129,329
Long-term debt, net	213,673	213,580
Total capitalization	519,949	513,282
Maui Electric
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets	851,231	830,160
Liabilities and Equity	851,231	830,160
Unamortized debt expense	41	64
Total other long-term assets	112,033	114,107
Long-term debt, net	190,081	189,959
Total capitalization	$ 466,062	458,684
As previously filed
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other assets		488,635
Total assets		11,790,196
Liabilities and Equity		11,790,196
Long-term debt, net—other than bank		1,586,546
Total liabilities		9,828,263
As previously filed | Hawaiian Electric Company, Inc. and Subsidiaries
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets		5,680,054
Liabilities and Equity		5,680,054
Unamortized debt expense		8,341
Total other long-term assets		908,327
Long-term debt, net		1,286,546
Total capitalization		3,049,164
As previously filed | Hawaiian Electric Company
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets		4,481,558
Liabilities and Equity		4,481,558
Unamortized debt expense		5,742
Total other long-term assets		662,430
Long-term debt, net		880,546
Total capitalization		2,631,164
As previously filed | HELCO
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets		955,935
Liabilities and Equity		955,935
Unamortized debt expense		1,494
Total other long-term assets		130,749
Long-term debt, net		215,000
Total capitalization		514,702
As previously filed | Maui Electric
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets		831,201
Liabilities and Equity		831,201
Unamortized debt expense		1,105
Total other long-term assets		115,148
Long-term debt, net		191,000
Total capitalization		459,725
As currently reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Liabilities and Equity		(8,178)
As currently reported | Hawaiian Electric Company, Inc. and Subsidiaries
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Liabilities and Equity		(7,844)
As currently reported | Hawaiian Electric Company
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Liabilities and Equity		(5,383)
As currently reported | HELCO
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Liabilities and Equity		(1,420)
As currently reported | Maui Electric
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Liabilities and Equity		(1,041)
As currently reported | Accounting Standards Update 2015-03
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Other assets		(8,178)
Total assets		(8,178)
Long-term debt, net—other than bank		(8,178)
Total liabilities		(8,178)
As currently reported | Accounting Standards Update 2015-03 | Hawaiian Electric Company, Inc. and Subsidiaries
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets		(7,844)
Unamortized debt expense		(7,844)
Total other long-term assets		(7,844)
Long-term debt, net		(7,844)
Total capitalization		(7,844)
As currently reported | Accounting Standards Update 2015-03 | Hawaiian Electric Company
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets		(5,383)
Unamortized debt expense		(5,383)
Total other long-term assets		(5,383)
Long-term debt, net		(5,383)
Total capitalization		(5,383)
As currently reported | Accounting Standards Update 2015-03 | HELCO
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets		(1,420)
Unamortized debt expense		(1,420)
Total other long-term assets		(1,420)
Long-term debt, net		(1,420)
Total capitalization		(1,420)
As currently reported | Accounting Standards Update 2015-03 | Maui Electric
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total assets		(1,041)
Unamortized debt expense		(1,041)
Total other long-term assets		(1,041)
Long-term debt, net		(1,041)
Total capitalization		$ (1,041)

Credit agreements and long-te80

Credit agreements and long-term debt (Details)	Mar. 23, 2016USD ($)	Apr. 02, 2014USD ($)Institution	Jan. 31, 2015	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Mar. 24, 2016USD ($)	Mar. 21, 2016USD ($)	Apr. 01, 2014USD ($)
Credit agreement
Number of financial institutions | Institution		9
Actual capitalization ratio (as a percent)				13.00%
Ratio of consolidated subsidiary debt to total consolidated capitalization required to be maintained as per the debt covenant (as a percent)		65.00%
Ratio of consolidated capitalization required to be maintained as per the debt covenant (as a percent)		35.00%
Actual ratio of consolidated debt to total consolidated capitalization (as a percent)				57.00%
Changes in long-term debt
Proceeds from issuance of long-term debt				$ 75,000,000	$ 0
HELCO
Credit agreement
Actual ratio of consolidated subsidiary debt to total consolidated capitalization (as a percent)				41.00%
Maui Electric
Credit agreement
Actual ratio of consolidated subsidiary debt to total consolidated capitalization (as a percent)				41.00%
Maximum
Credit agreement
Capitalization ratio required to be maintained as per the debt covenant (as a percent)		50.00%
Line of credit facility
Credit agreement
Revolving noncollateralized credit facility with a letter of credit sub-facility		$ 150,000,000						$ 125,000,000
Unused capacity commitment fee		0.20%
Line of credit facility | Bank Of American Term Loan Expiring March 23, 2018
Changes in long-term debt
Debt instrument, face amount							$ 75,000,000
Line of credit facility | Eurodollar term loan
Changes in long-term debt
Proceeds from issuance of long-term debt	$ 75,000,000
Initial interest rate	1.18%
Subsequent interest rate	1.23%
Line of credit facility | Hawaiian Electric Company
Credit agreement
Revolving noncollateralized credit facility with a letter of credit sub-facility		$ 200,000,000						$ 175,000,000
Unused capacity commitment fee			0.20%
Line of credit facility | Adjusted LIBOR Rate
Credit agreement
Basis spread on variable rate		1.375%
Line of credit facility | Adjusted LIBOR Rate | Hawaiian Electric Company
Credit agreement
Basis spread on variable rate			1.375%
Senior Notes | Senior Notes, 4.41%
Changes in long-term debt
Debt instrument, face amount						$ 75,000,000
Debt instrument, stated interest rate (as a percent)						4.41%

Related party transactions (Det

Related party transactions (Details) - Affiliated Entity - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Hawaiian Electric Company, Inc. and Subsidiaries
Related Party Transaction [Line Items]
General management and administrative services from related parties	$ 0.7	$ 1.7	$ 5.2	$ 4.9
Hawaiian Electric Company, Inc. and Subsidiaries | Short-term Borrowings
Related Party Transaction [Line Items]
Short term borrowings	21		21
American Savings Bank (ASB)
Related Party Transaction [Line Items]
General management and administrative services from related parties	0.3	0.5	1.8	1.7
Hawaii Medical Service Association (HMSA) | HMSA costs
Related Party Transaction [Line Items]
Expenses from transactions with related party	7	8	21	22
Hawaii Medical Service Association (HMSA) | HMSA expense
Related Party Transaction [Line Items]
Expenses from transactions with related party	5	6	15	16
Hawaii Dental Service (HDS) | HDS costs
Related Party Transaction [Line Items]
Expenses from transactions with related party	1	1	2	2
Hawaii Dental Service (HDS) | HDS expense
Related Party Transaction [Line Items]
Expenses from transactions with related party	1	1	2	2
Hawaiian Electric Company, Inc. and Subsidiaries | Hawaii Medical Service Association (HMSA) | HMSA costs
Related Party Transaction [Line Items]
Expenses from transactions with related party	5	6	17	17
Hawaiian Electric Company, Inc. and Subsidiaries | Hawaii Medical Service Association (HMSA) | HMSA expense
Related Party Transaction [Line Items]
Expenses from transactions with related party	3	4	10	11
Hawaiian Electric Company, Inc. and Subsidiaries | Hawaii Dental Service (HDS) | HDS costs
Related Party Transaction [Line Items]
Expenses from transactions with related party	1	1	2	2
Hawaiian Electric Company, Inc. and Subsidiaries | Hawaii Dental Service (HDS) | HDS expense
Related Party Transaction [Line Items]
Expenses from transactions with related party	$ 0	$ 0	$ 1	$ 1