v3.25.4
Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Pay Versus Performance Disclosure
In accordance with rules adopted by the Securities and Exchange Commission pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding executive compensation for our CEO and Non-CEO NEOs and Company performance for the fiscal years listed below.
More information on the Company’s compensation program and decisions for the 2025 performance year can be found in the “Compensation Discussion and Analysis” included in this Proxy Statement.
Summary
Compensation
Table Total
for CEO
(1)
($)
Compensation
Actually Paid
to CEO
(1)(2)(3)
($)
Average
Summary
Compensation
Table Total for
Non-CEO NEOs
(1)
($)
Average
Compensation
Actually Paid to
Non-CEO NEOs
(1)(2)(3)
($)
Value of Initial
Fixed $100
Investment
based on:
(4)
Net Income
($ Millions)
Core Return on
Average Tangible
Stockholders’
Equity (%)
(5)
Year
TSR
($)
Peer
Group TSR

($)
2025 6,285,693 6,146,568 1,636,757 1,750,315 132.97 152.71 276 15.9
2024 5,377,973 7,371,874 1,670,700 2,161,798 130.81 143.39 230 16.2
2023
5,366,855
3,454,911
1,639,438
1,485,527
110.24
126.67
235
18.4
2022 4,551,135 5,768,293 1,272,234 1,029,347 119.23 127.17 266 20.2
2021 4,427,813 4,769,225 1,354,207 1,430,129 120.33 136.64 266 16.3
(1)
Robert S. Harrison was our CEO for each year presented. The individuals comprising the Non-CEO NEOs for each year presented are listed below.
2021
2022
2023
2024
2025
Alan H. Arizumi
Alan H. Arizumi
Alan H. Arizumi
James M. Moses
James M. Moses
Ravi Mallela
Christopher L. Dods
Christopher L. Dods
Christopher L. Dods
Alan H. Arizumi
Ralph M. Mesick
Ravi Mallela
James M. Moses
Alan H. Arizumi
Neill A. Char
Lance A. Mizumoto
Ralph M. Mesick
Neill A. Char
Neill A. Char
Lea M. Nakamura
Mitchell E. Nishimoto
Lance A. Mizumoto
Ralph M. Mesick
Lance A. Mizumoto
(2)
The amounts shown for Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. These amounts reflect the Summary Compensation Table Total with certain adjustments as described in footnote 3 below.
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the CEO and the Non-CEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year. As described above under “Compensation Discussion and Analysis—Other Benefits and Retirement Plans—Other Retirement and Deferred Compensation Arrangements,” Mr. Harrison is the only NEO who participates in the SERP, which was frozen, and all accruals of benefits, including service accruals, ceased, effective July 1, 2019. Average Non-CEO NEO values for FY2023 have been restated below due to an update to the Summary Compensation Table totals. See footnote 2 in the Summary Compensation Table on page 59.
Year
Summary
Compensation
Table Total

for CEO
($)
Exclusion of
Change in
Pension Value

for CEO
($)
Exclusion of
Stock Awards
for
CEO
($)
Inclusion
of Pension
Service Cost for
CEO
($)
Inclusion of
Equity Values
for
CEO
($)
Compensation
Actually
Paid to

CEO
($)
2025 6,285,693 (767,082) (2,590,795) 3,218,752 6,146,568
Year
Average
Summary
Compensation

Table Total for
Non-CEO NEOs
($)
Average
Exclusion of
Change in

Pension
Value for

Non-CEO NEOs
($)
Average
Exclusion
of Stock
Awards for

Non-CEO NEOs
($)
Average
Inclusion of
Pension

Service
Cost for
Non-
CEO NEOs
($)
Average
Inclusion
of Equity
Values for

Non-CEO NEOs
($)
Average
Compensation
Actually

Paid to
Non-CEO NEOs
($)
2025 1,636,757 (476,222) 589,780 1,750,315
2023 1,639,438 (486,649) 332,738 1,485,527
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
Year-End Fair Value
of Equity Awards
Granted During
Year That Remained
Unvested as of Last
Day of Year for CEO

($)
Change in Fair
Value from Last Day
of Prior Year to Last
Day of Year of
Unvested Equity
Awards for CEO

($)
Change in Fair
Value from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for CEO

($)
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for CEO

($)
Total – Inclusion of
Equity Values for

CEO
($)
2025 3,368,556 (249,921) 100,117 3,218,752
Year
Average Year-End
Fair Value of Equity
Awards Granted
During Year That
Remained Unvested
as of Last Day of
Year for Non-CEO
NEOs

($)
Average Change in
Fair Value from Last
Day of Prior Year to
Last Day of Year of
Unvested Equity
Awards for Non-CEO
NEOs

($)
Average Change in
Fair Value from Last
Day of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Non-CEO NEOs

($)
Average Fair Value
at Last Day of Prior
Year of Equity
Awards Forfeited
During Year for
Non-CEO NEOs

($)
Total – Average
Inclusion of
Equity Values for
Non-CEO NEOs

($)
2025 619,200 (39,184) 9,764 589,780
2023 527,687 (80,231) (76,589) (38,129) 332,738
(4)
The Peer Group TSR set forth in this table utilizes the KBW Regional Banking Index (“KRX”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2025. The comparison assumes $100 was invested for the period starting December 31, 2020, through the end of the listed year in the Company and in the KRX, respectively. Historical stock performance is not necessarily indicative of future stock performance.
(5)
We determined Core Return on Average Tangible Stockholders’ Equity to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our CEO and Non-CEO NEOs in 2025, as required pursuant to Item 402(v) of Regulation S-K. Core Return on Average Tangible Stockholders’ Equity is a non-GAAP financial measure. We compute our Core Return on Average Tangible Stockholders’ Equity as the ratio of core net income to average tangible stockholders’ equity, which is calculated by subtracting (and thereby effectively excluding) amounts related to the effect of goodwill from our average total stockholders’ equity. Please see Annex A for further explanation and a reconciliation.
       
Company Selected Measure Name Core Return on Average Tangible Stockholders’ Equity        
Named Executive Officers, Footnote
(1)
Robert S. Harrison was our CEO for each year presented. The individuals comprising the Non-CEO NEOs for each year presented are listed below.
2021
2022
2023
2024
2025
Alan H. Arizumi
Alan H. Arizumi
Alan H. Arizumi
James M. Moses
James M. Moses
Ravi Mallela
Christopher L. Dods
Christopher L. Dods
Christopher L. Dods
Alan H. Arizumi
Ralph M. Mesick
Ravi Mallela
James M. Moses
Alan H. Arizumi
Neill A. Char
Lance A. Mizumoto
Ralph M. Mesick
Neill A. Char
Neill A. Char
Lea M. Nakamura
Mitchell E. Nishimoto
Lance A. Mizumoto
Ralph M. Mesick
Lance A. Mizumoto
       
Peer Group Issuers, Footnote
(4)
The Peer Group TSR set forth in this table utilizes the KBW Regional Banking Index (“KRX”), which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in our Annual Report for the year ended December 31, 2025. The comparison assumes $100 was invested for the period starting December 31, 2020, through the end of the listed year in the Company and in the KRX, respectively. Historical stock performance is not necessarily indicative of future stock performance.
       
PEO Total Compensation Amount $ 6,285,693 $ 5,377,973 $ 5,366,855 $ 4,551,135 $ 4,427,813
PEO Actually Paid Compensation Amount $ 6,146,568 7,371,874 3,454,911 5,768,293 4,769,225
Adjustment To PEO Compensation, Footnote
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the CEO and the Non-CEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year. As described above under “Compensation Discussion and Analysis—Other Benefits and Retirement Plans—Other Retirement and Deferred Compensation Arrangements,” Mr. Harrison is the only NEO who participates in the SERP, which was frozen, and all accruals of benefits, including service accruals, ceased, effective July 1, 2019. Average Non-CEO NEO values for FY2023 have been restated below due to an update to the Summary Compensation Table totals. See footnote 2 in the Summary Compensation Table on page 59.
Year
Summary
Compensation
Table Total

for CEO
($)
Exclusion of
Change in
Pension Value

for CEO
($)
Exclusion of
Stock Awards
for
CEO
($)
Inclusion
of Pension
Service Cost for
CEO
($)
Inclusion of
Equity Values
for
CEO
($)
Compensation
Actually
Paid to

CEO
($)
2025 6,285,693 (767,082) (2,590,795) 3,218,752 6,146,568
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
Year-End Fair Value
of Equity Awards
Granted During
Year That Remained
Unvested as of Last
Day of Year for CEO

($)
Change in Fair
Value from Last Day
of Prior Year to Last
Day of Year of
Unvested Equity
Awards for CEO

($)
Change in Fair
Value from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for CEO

($)
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for CEO

($)
Total – Inclusion of
Equity Values for

CEO
($)
2025 3,368,556 (249,921) 100,117 3,218,752
       
Non-PEO NEO Average Total Compensation Amount $ 1,636,757 1,670,700 1,639,438 1,272,234 1,354,207
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,750,315 2,161,798 1,485,527 1,029,347 1,430,129
Adjustment to Non-PEO NEO Compensation Footnote
(3)
Compensation Actually Paid reflects the exclusions and inclusions of certain amounts for the CEO and the Non-CEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table. Amounts in the Exclusion of Change in Pension Value column reflect the amounts attributable to the Change in Pension Value reported in the Summary Compensation Table. Amounts in the Inclusion of Pension Service Cost are based on the service cost for services rendered during the listed year. As described above under “Compensation Discussion and Analysis—Other Benefits and Retirement Plans—Other Retirement and Deferred Compensation Arrangements,” Mr. Harrison is the only NEO who participates in the SERP, which was frozen, and all accruals of benefits, including service accruals, ceased, effective July 1, 2019. Average Non-CEO NEO values for FY2023 have been restated below due to an update to the Summary Compensation Table totals. See footnote 2 in the Summary Compensation Table on page 59.
Year
Average
Summary
Compensation

Table Total for
Non-CEO NEOs
($)
Average
Exclusion of
Change in

Pension
Value for

Non-CEO NEOs
($)
Average
Exclusion
of Stock
Awards for

Non-CEO NEOs
($)
Average
Inclusion of
Pension

Service
Cost for
Non-
CEO NEOs
($)
Average
Inclusion
of Equity
Values for

Non-CEO NEOs
($)
Average
Compensation
Actually

Paid to
Non-CEO NEOs
($)
2025 1,636,757 (476,222) 589,780 1,750,315
2023 1,639,438 (486,649) 332,738 1,485,527
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
Average Year-End
Fair Value of Equity
Awards Granted
During Year That
Remained Unvested
as of Last Day of
Year for Non-CEO
NEOs

($)
Average Change in
Fair Value from Last
Day of Prior Year to
Last Day of Year of
Unvested Equity
Awards for Non-CEO
NEOs

($)
Average Change in
Fair Value from Last
Day of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Non-CEO NEOs

($)
Average Fair Value
at Last Day of Prior
Year of Equity
Awards Forfeited
During Year for
Non-CEO NEOs

($)
Total – Average
Inclusion of
Equity Values for
Non-CEO NEOs

($)
2025 619,200 (39,184) 9,764 589,780
2023 527,687 (80,231) (76,589) (38,129) 332,738
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_tsr-pn.jpg]        
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-pn.jpg]
       
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_corereturn-pn.jpg]
       
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_tsr-pn.jpg]        
Tabular List, Table
Tabular List of Most Important Financial Performance Measures
The following table presents the financial performance measures that the Company considers to have been the most important in linking Compensation Actually Paid to our CEO and other NEOs for 2025 to Company performance. The measures in this table are not ranked.
Core Return on Average Tangible Stockholders’ Equity
Core Return on Average Tangible Assets
Core Net Income
Asset Quality Metric
Total Shareholder Return
       
Total Shareholder Return Amount $ 132.97 130.81 110.24 119.23 120.33
Peer Group Total Shareholder Return Amount 152.71 143.39 126.67 127.17 136.64
Net Income (Loss) $ 276,000,000 $ 230,000,000 $ 235,000,000 $ 266,000,000 $ 266,000,000
Company Selected Measure Amount 15.9 16.2 18.4 20.2 16.3
PEO Name Robert S. Harrison        
Equity Awards Adjustments, Footnote
The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:
Year
Year-End Fair Value
of Equity Awards
Granted During
Year That Remained
Unvested as of Last
Day of Year for CEO

($)
Change in Fair
Value from Last Day
of Prior Year to Last
Day of Year of
Unvested Equity
Awards for CEO

($)
Change in Fair
Value from Last Day
of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for CEO

($)
Fair Value at Last
Day of Prior Year of
Equity Awards
Forfeited During
Year for CEO

($)
Total – Inclusion of
Equity Values for

CEO
($)
2025 3,368,556 (249,921) 100,117 3,218,752
Year
Average Year-End
Fair Value of Equity
Awards Granted
During Year That
Remained Unvested
as of Last Day of
Year for Non-CEO
NEOs

($)
Average Change in
Fair Value from Last
Day of Prior Year to
Last Day of Year of
Unvested Equity
Awards for Non-CEO
NEOs

($)
Average Change in
Fair Value from Last
Day of Prior Year to
Vesting Date of
Unvested Equity
Awards that Vested
During Year for
Non-CEO NEOs

($)
Average Fair Value
at Last Day of Prior
Year of Equity
Awards Forfeited
During Year for
Non-CEO NEOs

($)
Total – Average
Inclusion of
Equity Values for
Non-CEO NEOs

($)
2025 619,200 (39,184) 9,764 589,780
2023 527,687 (80,231) (76,589) (38,129) 332,738
       
Measure:: 1          
Pay vs Performance Disclosure          
Name Core Return on Average Tangible Stockholders’ Equity        
Non-GAAP Measure Description
(5)
We determined Core Return on Average Tangible Stockholders’ Equity to be the most important financial performance measure used to link Company performance to Compensation Actually Paid to our CEO and Non-CEO NEOs in 2025, as required pursuant to Item 402(v) of Regulation S-K. Core Return on Average Tangible Stockholders’ Equity is a non-GAAP financial measure. We compute our Core Return on Average Tangible Stockholders’ Equity as the ratio of core net income to average tangible stockholders’ equity, which is calculated by subtracting (and thereby effectively excluding) amounts related to the effect of goodwill from our average total stockholders’ equity. Please see Annex A for further explanation and a reconciliation.
       
Measure:: 2          
Pay vs Performance Disclosure          
Name Core Return on Average Tangible Assets        
Measure:: 3          
Pay vs Performance Disclosure          
Name Core Net Income        
Measure:: 4          
Pay vs Performance Disclosure          
Name Asset Quality Metric        
Measure:: 5          
Pay vs Performance Disclosure          
Name Total Shareholder Return        
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (767,082)        
PEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,590,795)        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,218,752        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,368,556        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (249,921)        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 100,117        
PEO | Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount      
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount      
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (476,222)   (486,649)    
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 589,780   332,738    
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 619,200   527,687    
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (39,184)   (80,231)    
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,764   (76,589)    
Non-PEO NEO | Average Fair Value at Last Day of Prior Year of Equity Awards Forfeited During Year [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount   $ (38,129)