Excel downloadEmail pagePDF viewPrint viewRSS FeedsEmail AlertTear sheetMobile Site
CENTRAL PACIFIC FINANCIAL CORP. (NYSE - CPF)  
 2014 Y2015 Y2016 Y2017 Y
Source Document12/31/201612/31/201712/31/201712/31/2017
Currency CodeUSDUSDUSDUSD
(in thousands)    
     
Interest income 
Interest and fees on loans and leases 112,137118,887132,028144,224
Interest and dividends on investment securities 
Taxable investment securities 33,57432,96930,84833,933
Tax-exempt investment securities 3,9964,0223,9753,874
Dividend income on investment securities 23364249
Interest on deposits in other financial institutions 333567356
Dividend income on Federal Home Loan Bank stock 4686179126
Total interest income 149,809156,035167,139182,562
Interest expense 
Interest on deposits 
Demand 373399489641
Savings and money market 9019161,0431,099
Time 2,4532,3124,0749,457
Interest on short-term borrowings 92254578183
Interest on long-term debt 2,5722,6263,0053,479
Total interest expense 6,3916,5079,18914,859
Net interest income 143,418149,528157,950167,703
Provision (credit) for loan and lease losses (6,414)(15,671)(5,517)(2,674)
Net interest income after provision for loan and lease losses 149,832165,199163,467170,377
Other operating income 
Mortgage banking income 8,9807,2548,0696,962
Service charges on deposit accounts 8,1137,8297,8918,468
Other service charges and fees 11,75411,46111,44911,518
Income from fiduciary activities 3,5523,3433,4353,674
Income from bank-owned life insurance 2,9222,0342,6853,388
Net gain on sales of foreclosed assets 971568607205
Gain on sale of premises and equipment 003,5370
Equity in earnings of unconsolidated subsidiaries 480578723602
Fees on foreign exchange 464450519529
Loan placement fees 437720494536
Net losses on sales of investment securities 240(1,866)0(1,410)
Other 3,2532,4282,9072,024
Total other operating income 41,16634,79942,31636,496
Other operating expense 
Salaries and employee benefits 67,94166,42973,50072,286
Net occupancy 15,25214,43214,06513,571
Legal and professional services 7,8067,3406,8567,724
Computer software expense 6,3278,8319,4759,192
Amortization of core deposit premium 2,6752,6742,6752,674
Communication expense 3,6353,4833,6943,659
Equipment 3,5823,4753,3993,785
Advertising expense 2,3422,5502,4012,408
Foreclosed asset expense 1,710486152151
Other 18,88617,34217,34616,367
Total other operating expense 130,156127,042133,563131,817
Income before income taxes 60,84272,95672,22075,056
Income tax expense 20,38927,08825,22833,852
Net income 40,45345,86846,99241,204
Per common share data 
Basic earnings per share 1.081.421.521.36
Diluted earnings per share 1.071.41.51.34
Cash dividends declared 0.360.820.60.7
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 
Net income 40,45345,86846,99241,204
Other comprehensive income (loss), net of tax 
Net change in unrealized gain (loss) on investment securities 22,711(4,405)(4,452)344
Minimum pension liability adjustment (3,707)1,4492,728138
Total other comprehensive income (loss), net of tax 19,004(2,956)(1,724)482
Comprehensive income 59,45742,91245,26841,686


Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

Note: Do not use email to submit sensitive information such as your Social Security Number, account or card numbers, or to request your Online Banking password or security question resets.

Contact Information