CENTRAL PACIFIC FINANCIAL CORP
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
CPF$39.02+1.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (Dollars in thousands) | ||
| Assets | ||
| Cash and due from financial institutions | $77,774 | $116,181 |
| Interest-bearing deposits in other financial institutions | 303,167 | 406,256 |
| Investment securities: | ||
| Debt securities available-for-sale, at fair value | 737,658 | 647,210 |
| Held-to-maturity debt securities, fair value of: $506,681 at December 31, 2024 and $565,178 at December 31, 2023 | 596,930 | 632,338 |
| Total investment securities | 1,334,588 | 1,279,548 |
| Loans held for sale | 5,662 | 1,778 |
| Loans | 5,332,852 | 5,438,982 |
| Allowance for credit losses | (59,182) | (63,934) |
| Loans, net of allowance for credit losses | 5,273,670 | 5,375,048 |
| Premises and equipment, net | 104,342 | 96,184 |
| Accrued interest receivable | 23,378 | 21,511 |
| Investment in unconsolidated entities | 52,417 | 41,546 |
| Mortgage servicing rights, net | 8,473 | 8,696 |
| Bank-owned life insurance | 176,216 | 170,706 |
| Federal Home Loan Bank of Des Moines ("FHLB") stock | 6,929 | 6,793 |
| Right-of-use lease asset | 30,824 | 29,720 |
| Other assets | 74,656 | 88,829 |
| Total assets | $7,472,096 | $7,642,796 |
| Liabilities and Equity | ||
| Deposits: | ||
| Noninterest-bearing demand | $1,888,937 | $1,913,379 |
| Interest-bearing demand | 1,338,719 | 1,329,189 |
| Savings and money market | 2,329,170 | 2,209,733 |
| Time | 1,087,185 | 1,395,291 |
| Total deposits | 6,644,011 | 6,847,592 |
| Long-term debt, net of unamortized debt issuance costs of $202 at December 31, 2024 and $445 at December 31, 2023 | 156,345 | 156,102 |
| Lease liability | 32,025 | 30,634 |
| Accrued interest payable | 10,051 | 18,948 |
| Other liabilities | 91,279 | 85,705 |
| Total liabilities | 6,933,711 | 7,138,981 |
| 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, 2024, and December 31, 2023 | — | — |
| Common stock, no par value, authorized 185,000,000 shares; issued and outstanding: 27,065,570 at December 31, 2024 and 27,045,033 at December 31, 2023 | 404,494 | 405,439 |
| Additional paid-in capital | 105,054 | 102,982 |
| Retained earnings | 143,259 | 117,990 |
| Accumulated other comprehensive loss | (114,422) | (122,596) |
| Total equity | 538,385 | 503,815 |
| Total liabilities and equity | $7,472,096 | $7,642,796 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.