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BUSINESS COMBINATIONS (Tables) - BOH Holdings, Inc. [Member]
9 Months Ended
Sep. 30, 2026
BUSINESS COMBINATIONS [Abstract]  
Fair Value of Assets Acquired and Liabilities Assumed
The following table details the purchase consideration and the preliminary determination of the purchase consideration to the fair value of the assets acquired and liabilities assumed from BOH as of the closing date of the Merger on April 1, 2026 (dollars in thousands):
 
    
Purchase consideration:   
Fair value of common stock issued$117,468 
Cash paid to settle outstanding warrants and stock appreciation rights 597 
Cash paid in lieu of fractional shares 3 
Total consideration$118,068 
    
Assets acquired:   
Cash and due from banks$4,988 
Interest-bearing deposits in banks 26,435 
Securities available for sale 6,847 
Loans held for investment, net 623,926 
Premises and equipment, net 923 
Bank-owned life insurance 11,214 
Core deposit intangible (10 year life) 4,980 
Deferred tax asset, net 840 
Other assets 5,433 
Total assets acquired 685,586 
    
Liabilities assumed:   
Noninterest-bearing deposits 92,315 
Interest-bearing deposits 503,530 
Short-term borrowings 15,000 
Accrued expenses and other liabilities 3,950 
Total liabilities assumed 614,795 
Preliminary fair value of net assets acquired 70,791 
Preliminary goodwill recorded in acquisition$47,277 
Fair Value and Unpaid Principal Balance of Acquired Loans
The following table includes the fair value and unpaid principal balance of the acquired loans on the April 1, 2026 acquisition date (dollars in thousands):
 
                
 Unpaid
Principal
Balance
   Premium
(Discount)
  ACL on
Acquired
Loans
  Fair Value
of Acquired
Loans
 
PCD loans$89,004  $(1,579)  $(3,173)  $84,252 
PSLs 543,503   1,471   (5,300)   539,674 
 $632,507  $(108)  $(8,473)  $623,926 
Pro Forma Information
Information for the three and nine months ended September 30, 2026 reflects the actual results of the Company, excluding merger costs, and the actual results of BOH for the three months ended March 31, 2026, excluding merger costs and including amortization of intangible assets. Information for the three and nine months ended September 30, 2025, includes BOH’s actual results for those periods and reflects adjustments related to the amortization of intangible assets.
 
 
                
 Three Months Ended
September 30,
  Nine Months Ended
September 30,
 
(dollars in thousands)  2026    2025    2026    2025 
Total revenue(1)$65,271  $61,535  $191,048  $178,544 
Net income 20,765   18,878   57,839   49,988 
 
(1) Total revenue is defined as the sum of net interest income plus non-interest income.