CENTRAL PACIFIC FINANCIAL CORP
For the period ended Dec 31, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
CPF$39.02+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| (Dollars in thousands) | ||
| Assets | ||
| Cash and due from financial institutions | $116,181 | $97,150 |
| Interest-bearing deposits in other financial institutions | 406,256 | 14,894 |
| Investment securities: | ||
| Debt securities available-for-sale, at fair value | 647,210 | 671,794 |
| Held-to-maturity debt securities, fair value of: $565,178 at December 31, 2023 and $596,780 at December 31, 2022 | 632,338 | 664,883 |
| Total investment securities | 1,279,548 | 1,336,677 |
| Loans held for sale | 1,778 | 1,105 |
| Loans | 5,438,982 | 5,555,466 |
| Allowance for credit losses | (63,934) | (63,738) |
| Loans, net of allowance for credit losses | 5,375,048 | 5,491,728 |
| Premises and equipment, net | 96,184 | 91,634 |
| Accrued interest receivable | 21,511 | 20,345 |
| Investment in unconsolidated entities | 41,546 | 46,641 |
| Mortgage servicing rights, net | 8,696 | 9,074 |
| Bank-owned life insurance | 170,706 | 167,967 |
| Federal Home Loan Bank of Des Moines ("FHLB") stock | 6,793 | 9,146 |
| Right-of-use lease asset | 29,720 | 34,985 |
| Other assets | 88,829 | 111,417 |
| Total assets | $7,642,796 | $7,432,763 |
| Liabilities and Equity | ||
| Deposits: | ||
| Noninterest-bearing demand | $1,913,379 | $2,092,823 |
| Interest-bearing demand | 1,329,189 | 1,453,167 |
| Savings and money market | 2,209,733 | 2,199,028 |
| Time | 1,395,291 | 991,205 |
| Total deposits | 6,847,592 | 6,736,223 |
| FHLB advances and other short-term borrowings | — | 5,000 |
| Long-term debt, net of unamortized debt issuance costs of $445 at December 31, 2023 and $688 at December 31, 2022 | 156,102 | 105,859 |
| Lease liability | 30,634 | 35,889 |
| Accrued interest payable | 18,948 | 4,739 |
| Other liabilities | 85,705 | 92,182 |
| Total liabilities | 7,138,981 | 6,979,892 |
| Contingent liabilities and other commitments (see Note 19) | ||
| Equity: | ||
| Preferred stock, no par value, authorized 1,000,000 shares; issued and outstanding none at: December 31, 2023, and December 31, 2022 | — | — |
| Common stock, no par value, authorized 185,000,000 shares; issued and outstanding: 27,045,033 at December 31, 2023 and 27,025,070 at December 31, 2022 | 405,439 | 408,071 |
| Additional paid-in capital | 102,982 | 101,346 |
| Retained earnings | 117,990 | 87,438 |
| Accumulated other comprehensive loss | (122,596) | (143,984) |
| Total equity | 503,815 | 452,871 |
| Total liabilities and equity | $7,642,796 | $7,432,763 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.