Results for the second quarter of 2012 included a provision for credit losses of $0.6 million, or $3.2 million less than net charge-offs. The provision for credit losses during the first quarter of 2012 was $0.4 million, or $3.0 million less than net charge-offs. The provision for credit losses during the second quarter of 2011 was $3.6 million, or $2.4 million less than net charge-offs.Noninterest income was $46.8 million for the second quarter of 2012, a decrease of $1.2 million compared with noninterest income of $48.1 million in the first quarter of 2012, and a decrease of $2.6 million compared with noninterest income of $49.5 million in the second quarter of 2011. Mortgage banking continues to be strong and produced income of $7.6 million in the second quarter of 2012 compared with $5.1 million in the first quarter of 2012 and $2.7 million in the second quarter last year. There were no significant nonrecurring noninterest income items during the second quarter of 2012 and 2011. Noninterest income in the first quarter of 2012 included a gain of $3.5 million on the early termination of leveraged leases for two cargo ships and a loss of $1.0 million on the sale and termination of an aircraft lease. Noninterest income for the first half of 2012 was $94.9 million compared with noninterest income of $103.4 million for the first half of 2011.
Bank Of Hawaii Corporation Second Quarter 2012 Financial Results
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