Bank Of Hawaii Corporation · NYSE:BOH
Bank Of Hawaii — Investor Presentation (March 2023)
20 slides from Bank Of Hawaii's investor presentation, Mar 15, 2023
Slide 1: Operational Overview
Bank of Hawai‘i Corporation operational overview March 15, 2023
Slide 2: Operational Highlights
operational highlights • unique and competitively advantageous deposit market • exceptional deposit base • substantial liquidity back up • high quality assets 2
Slide 3: Notable Accolades
notable accolades Rated Aa3 by Named “Hawaii’s Ranked No. 3 Moody’s Investor Best Bank” by among America’s Service for Long- readers of the Most Trusted term Deposits – the Honolulu Star- Companies in the highest deposit Advertiser for the banking industry rating in Hawaii and last 12 years by Newsw
Slide 4: Our Deposits
our deposits Over our 125 year history in the islands, Bank of Hawaii has developed an exceptionally seasoned deposit base, built one relationship at a time, over many years, and in neighborhoods and communities we know ✔ unique marketplace ✔ diversified ✔ tenured ✔ granular 4
Slide 5: Steady, Measured & Balanced Deposit Growth
steady, measured & balanced deposit growth $ in billions $25 $20.4 $20.6 $20.7 $20.5 $20.5 $20 $18.2 balances remain $15.8 steady $14.9 $15.0 $15 $14.3 $12.6 $13.2 $11.5 $11.9 $10 $5 $0 public and other deposits commercial deposits consumer deposits source: CAGR through February 28, 2023 5
Slide 6: Unique Deposit Market
unique deposit market Territorial other Savings Bank 3.0% 3.0% Central Pacific Bank 11.2% Bank of Hawaii unique deposit market with 33.4% five local competitors ASB Hawaii holding 97% of the bank 14.0% deposit market First Hawaiian Bank 35.4% 2022 source: S&P Capital IQ FDIC Annual Summary of Deposi
Slide 7: Granular
granular # depositors fully FDIC insured average consumer account balance 98% $18,000 $ balances FDIC insured average commercial account balance 48% $134,000 note: as of February 28, 2023 7
Slide 8: Diversified Deposit Base
diversified deposit base other 2.2% agency 12.7% public and state 20.0% other 8.5% county 65.1% commercial 42.5% governmental consumer 49.0% high net worth mass 23.9% market 37.7% mass affluent overall 38.4% note: as of February 28, 2023 consumer 8
Slide 9: Diversified Deposit Base
diversified deposit base commercial deposits by sector real estate and rental and leasing (excl. title companies) 17.0% finance and insurance 12.5% health care and social assistance 9.1% accommodation and food services 8.3% title companies 8.0% retail trade 5.7% construction 5.6% other services (exc
Slide 10: Highly Operational in Nature
highly operational in nature time 8.5% non-interest bearing demand overall demand: 52% 31.2% savings 39.4% interest bearing demand 20.9% note: as of February 28, 2023 10
Slide 11: Tenured Deposit Base
tenured deposit base <10 years >20 years 31.0% 43.0% 10-20 years 26.0% 23% 10-20 years consumer <10 years 26.0% 51% >20 years 51.0% 10-20 >20 years years 23.0% 26% <10 years commercial 10-20 years 9.0% >20 years total 91.0% public note: as of February 28, 2023 11
Slide 12: Liquidity Lines
liquidity lines Bank of Hawaii carries substantial liquidity lines and equivalents for both day-to-day operational purposes as well as for liquidity back stop purposes. The high quality of our asset base provides us with ample access. 12
Slide 13: Available Borrowing Capacity
available borrowing capacity $ in billions overnight Fed Funds available $0.8 FRB & FHLB borrowing capacity* 3.9 securities available for pledging 3.6 $8.2 loans avail. for sale, securitization, or repo (est.) $2.3 total $10.6 *does not include the Bank Term Funding Program. 13
Slide 14: Highly Secure
highly secure $10.6B in open lines and pledgeable assets $9.1B insured (44%) $9.9B (48%) collateralized (public) uninsured $1.7B (8%) note: as of February 28, 2023 14
Slide 15: Our Assets
our assets Serving an island based community for over 125 years has steered us to embrace values like stewardship and sustainability. It is with these values that we manage the assets of the organization. 15
Slide 16: Asset Composition
asset composition other 6.8% cash / investments 35.3% loans 57.8% note: as of December 31, 2022 16
Slide 17: Loan Portfolio
loan portfolio as of 12/31/22, excluding PPP 80% of portfolio secured with quality real estate with combined weighted average loan to value of 56% commercial residential 10% mortgage 34% 40% commercial 60% consumer 73% real estate secured 84% real estate secured wtd avg LTV 57% wtd avg LTV 55% 57% w
Slide 18: Geographic Focus
geographic focus we lend in markets we know to customers we understand Hawaii 92% U.S. West Pac mainland 5% 3% note: as of December 31, 2022 18
Slide 19: Conservative and Liquid Investment Portfolio
conservative and liquid investment portfolio high-quality, low-risk investment portfolio sector Moody’s rating government/agency AAA 89% 90% muni AA 1% 2% corp A 10% 8% note: as of December 31, 2022 19
Slide 20: Operational Take Aways
operational take aways ✓ unique and competitively advantageous deposit market ✓ exceptional deposit base ✓ substantial liquidity back up ✓ high quality assets 20