THIS SPACE FOR DATE RECEIVED STAMP
                        FORM                                STATE OF HAWAII — DEPARTMENT OF TAXATION
                                                                                                                                                                                            Clear Form
                        F-1
            (REV. 2023)                   FRANCHISE TAX RETURN
                                 
                                                 BANKS, OTHER FINANCIAL CORPORATIONS, AND 
                                                  SMALL BUSINESS INVESTMENT COMPANIES
                                                  CALENDAR YEAR 2024 OR FISCAL YEAR BEGINNING IN 2024
                                 (Based on income for calendar year 2023 or fiscal year beginning on                   _________________ , 2023 and ending
F1_I 2023A 01 VID01                    __________________ , 20 ____ ) (First year, Second year, & Final return filers, see Instructions)
                                                                                    IRS Adjustment Hawaii Tax I.D. Number                  Federal Employer I.D. No.
                        AMENDED Return (Attach Sch. AMD)                            NOL Carryback
                        Name                                                                                                               Main Business Activity

                        DBA (if any)                                                                                                       Date Business Began in Hawaii

                        Mailing Address (number and street)                                                                                Date of Incorporation

         PRINT OR TYPE  City, State, and Postal/ZIP Code                                                                                   State or Foreign Country of Incorporation

         CHECK BOX, IF APPLICABLE:  
                                First year return               Second year return                 Final return (Business end date ___________________ , 20 _____ )
                                Election to pay via the installment payment method
                                     A COPY OF ALL PAGES OF YOUR FEDERAL RETURN MUST ACCOMPANY THIS RETURN.
                                          If this is a consolidated return, attach copy of Hawaii Forms N-304 and N-303 for each subsidiary.
                        1.   Gross Receipts                                         Less:  Returns and allowances                                                                       1
                        2.   Less:  Cost of goods sold and/or operations (Attach schedule)           .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .                2
                        3.   Gross Profit (line 1 minus line 2)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .    3
                        4.   Dividends (Schedule C).  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .   4
                                                                                    Gross Amount of Interest          Less:  Amortizable Bond Premium
                        5.   Interest on government obligations .  .                                                                                                                    5
                        6.   Other interest .  .  .  .  .  .  .  .  .  .  .  .  .                                                                                                       6
                        7.   (a) Rents                                                  Plus 7(b) Royalties                                , Sum †  7(c)
         GROSS INCOME   8.   (a) Net capital gains (from federal Schedule D) (See Instructions) .  .  .  .  . .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .                         8(a)
                             (b) Ordinary gain or loss (from federal Schedule 4797)   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .                   8(b)
                        9.   Other income (Attach schedule)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .        9
                        10.  TOTAL INCOME — Add lines 3 through 9.  Enter here and on page 2, line 10(a) .  .  .  .  .  .  .  .  .  .  .  .  .  .                                       10
                        69.  TOTAL TAX from page 3, line 68     .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .     69
                        70.  Total Refundable Credits.  Enter the result from page 4, Schedule I, line 3  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .                             70
                        71.  Adjusted Tax Liability (Line 69 minus line 70.  If line 71 is zero or less, see Instruction XVI)      .  .  .  .  .  .  .                                  71
                        72.  Total Nonrefundable Credits from Schedule H, line 6   .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .                   72
                        73.  Carryover of the Capital Infrastructure Tax Credit (Attach Form N-348)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .                            73
                        74.  Line 71 minus the sum of lines 72 and 73 (See Instructions XVII) .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .                          74
                       75.   Payment with extension (Attach Form N-755)  .  .  .  .  .  .  .  .  .  .  .  .  .  .      75
         TAX
                        76.  Tax installment payments (See Instruction XV) .  .  .  .  .  .  .  .  .  .  .  .  .  .    76
                        77.  Add lines 75 and 76 and enter result .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .         77
                        78.  TAX DUE (Line 74 minus line 77.  If line 77 is greater than line 74, skip line 79 and go to line 80)  .  .  .  .  .                                        78
                        79.  Enter amount paid with this return  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .       79
                        80.  OVERPAYMENT (If line 77 is larger than line 74) (See Instruction XIX) .  .  .  enter AMOUNT OVERPAID   †                                                   80
                        81.  Enter amount of line 80 you want Credited to 2025 installment payments    † 81
                        82.  Amount to be REFUNDED TO YOU (line 80 minus line 81)  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  . REFUND †                                     82
                        83.  Amount paid (overpaid) on original return—AMENDED RETURN ONLY (See Instructions. Attach Sch. AMD)                                                          83
Amended  Return         84.  BALANCE DUE (REFUND) with amended return (See Instructions. Attach Sch. AMD) .  .  .  .  . .  .  .  .  .                                                   84
                                I declare, under the penalties set forth in section 231-36, HRS, that this return (including any accompanying schedules or statements) has been examined by me and, to the best of 
                                my knowledge and belief, is a true, correct, and complete return, made in good faith, for the taxable year stated, pursuant to the Hawaii Income Taxation of Banks and Other Financial 
Please                          Corporations, Chapter 241, HRS.
Sign  
Here                            †                                                                                                          †
                                          Signature of officer                                                        Date                        Title
                                Preparer’s Signature, and                                                                  Date  Check if                                               PTIN
Paid                            Print Preparer’s Name       †                                                                    self-employed                                          †
Preparer’s                      Firm’s name (or yours                                                                            Federal
Information                     if self-employed),          †                                                                    E.I. No. †
                                address, and Postal/ZIP Code                                                                     Phone No. †
FRN1E3T4                                                                                ID NO 01                                                                                          FORM F-1 (REV. 2023)

FORM F-1 (REV. 2023)                                                                                                                                                           Page  2
                                            Name as shown on return                                                     Federal Employer Identification Number

F1_I 2023A 02 VID01

 10. (a) TOTAL INCOME — from page 1, line 10                                                                                                                              10(a)
                                                                                 DEDUCTIONS
 11. Compensation of officers (Schedule E)                                                                                                                                11
 12. Salaries and wages (not deducted elsewhere)                                                                                                                          12
 13. Repairs (Do not include cost of improvements or capital expenditures)                                                                                                13
 14. (a) Bad debts (Schedule F)                             Plus 14(b) Rents                                            , Sum †  14(c)
 15. (a) Taxes (Attach schedule)                            Plus 15(b) Interest                                         , Sum †  15(c)
 16. Contributions or gifts paid (Attach schedule)                                                                                                                        16
 17. Amortization (Attach schedule)                                                                                                                                       17
 18. Depletion                                                                                                                                                            18
 19. Depreciation (from federal Form 4562)                                                                                                                                19
 20. Advertising                                                                                                                                                          20
 21. Amounts contributed under:  (a) Pension, profit-sharing, stock bonus, annuity plans (Attach schedule)                                                                21(a)
                                 (b) Other employee benefit plans (Attach schedule)                                                                                       21(b)
 22. Other deductions (Attach schedule)                                                                                                                                   22
 23. TOTAL DEDUCTIONS — Add lines 11 through 22                                                                                                                           23
 24. Net income before Hawaii adjustments (line 10(a) minus line 23)                                                                                                      24
                                                            STATE ADJUSTMENTS
ADD:
 25. Taxable dividends from Schedule C, line 10                                                                                                                           25
 26. (a) Interest on obligations of the United States or its possessions or on securities issued under an  
         Act of Congress.  (See instruction VI(a)(1))                                                                                                                     26(a)
     (b) Interest on state, territorial, municipal, county, or other bonds or securities, including Hawaiian issues,     
         not included on line 6.  (See instruction VI(a)(2))                                                                                                              26(b)
 27. Amount of deduction for bad debts taken on line 14(a).  (See Instructions IV(b) and VII)                                                                             27
 28. Other additions required by law — submit schedule.  (See Instruction IV(b))                                                                                          28
 29. Total of lines 24 through 28                                                                                                                                         29
DEDUCT:
 30. Entire dividends as reported on page 1, line 4                                                                   30
 31. Bad debt deduction allowed by section 241-4(b)(3), HRS. (See Instruction VII(c))  .  .  .  .                     31
 32. Other deductions authorized by law—submit schedule. (See Instructions VI(b) and X(b))                            32
 33. Total of lines 30 through 32                                                                                                                                         33
 34. Net income after Hawaii adjustments (line 29 minus line 33)                                                                                                          34
     Note: If you do not need to apportion your income, skip lines 35 through 56, enter the amount on 
              line 34 on line 57, and continue with line 58.  Otherwise, continue with line 35.

                     ADJUSTMENTS TO ARRIVE AT APPORTIONABLE BUSINESS INCOME SUBJECT TO TAX
DEDUCT:
 35. Nonbusiness dividends included on page 1, line 4, and included  
     on line 24 above                                                                                                 35
 36. Nonbusiness interest (Attach schedule)                                                                           36
 37. Royalties from nonbusiness assets (Attach schedule)                                                              37
 38. Net profit from nonbusiness rental property                                                                      38
 39. Net gain from nonbusiness assets (Attach schedule)                                                               39
 40. Other adjustments (Attach schedule)                                                                              40
 41. Total (lines 35 to 40, inclusive)                                                                                                                                    41
 42. Balance (line 34 minus line 41)                                                                                                                                      42
ADD:
 43. Net loss from nonbusiness rental property                                                                        43
 44. Net loss from nonbusiness assets (Attach schedule)                                                               44
 45. Total of lines 43 and 44                                                                                                                                             45
 46. Business income from sources within and without Hawaii (line 42 plus line 45)                                                                                        46
 47. Allocate__________% (from Schedule P, line 8), as apportionable income attributable to Hawaii and 
      subject to tax.  (Multiply line 46 by the %)                                                                                                                        47
FRN2E3T4                                              ID NO 01                                                                                                            FORM F-1 (REV. 2023)

FORM F-1 (REV. 2023)                                                                                                                                                                Page  3
                                                        Name as shown on return                                                   Federal Employer Identification Number

F1_I 2023A 03 VID01

                                  CLASSIFICATION OF APPORTIONABLE BUSINESS INCOME SUBJECT TO TAX
 48.  Enter the portion of the amount on line 47 that is ordinary income                                                                                        48
 49.  Enter the portion of the amount on line 47 that is net capital gain   Also, enter on line 60                                                              49
 50.  Total (lines 48 and 49)   This total must be equal to the amount on line 47                                                                               50
                                              INCOME WHOLLY ATTRIBUTABLE TO HAWAII SUBJECT TO TAX
  51. Gain (or loss) from sale of real estate and other tangible assets located in Hawaii                          51
  52. Royalties from property located in Hawaii                                                                    52
  53. Net profit (or loss) from nonbusiness rental property within Hawaii                                          53
  54. Net gain from sale of nonbusiness assets located in or having tax 
      situs in Hawaii:
      (a) Net short-term capital gain                                                                              54(a)
      (b) Net capital gain attributable to Hawaii  (This amount, if any, also 
           should be entered on line 60)                                                                           54(b)
      (c) Net gain (or loss) from sale or exchange of property other than 
           capital assets                                                                                          54(c)
  55. Income from intangible personal property   Include entire income 
      (or loss) of intangibles which, because of domicile of the corporation 
      or business situs of intangibles, are located in Hawaii   Add back 
      Hawaii allocated, nonbusiness income and dividends 
      (a) Dividends included on line 35 above (Attach schedule)                                                    55(a)
      (b) Interest                                                                                                 55(b)
      (c) All other income from intangibles (Attach schedule)                                                      55(c)
  56. Total income wholly attributable to Hawaii (lines 51 to 55(c))                                                                                            56
  57. Total of lines 47 and 56 (or the amount from line 34 if you did not need to apportion your income)                                                        57
  58. Net operating loss deduction—submit schedule   (See instruction XI)                                                                                       58
  59. Net income (or loss) for Hawaii tax purposes (line 57 minus line 58)                                                                                      59
                                                                                    TAX COMPUTATION
  60. Enter the amount of net capital gains as shown on page 1, line 8(a)   (If you apportioned your income, 
      enter the amounts from lines 49 and 54(b), if any, instead)                                                                                               60
  61. Line 59 minus line 60  (If less than zero, enter zero)                                                                                      †             61
  62. (a) Tax on capital gain — 4% of amount on line 60                                                                                                         62(a)
      (b) Tax on net income — 7 92% of amount on line 61                                                                                                        62(b)
      (c) Total of lines 62(a) and 62(b)                                                                                                                        62(c)
      (d) Using the 7 92% rate, compute tax on all taxable income using amount from line 59                                                                     62(d)
  63. Total tax (enter lesser of line 62(c) or 62(d))                                                                                                           63
  64. Recapture of Capital Goods Excise Tax Credit from Form N-312, Part II                                        64
  65. Recapture of Low-Income Housing Tax Credit from Form N-586, Part III                                         65
  66. Recapture of Capital Infrastructure Tax Credit from Form N-348, Part II                                      66
  67. Total recapture of tax credits (Add lines 64, 65, and 66)                                                                                                 67
  68. Total tax (Add lines 63 and 67)   Enter here and on page 1, line 69                                                               †                       68
 ScheduleINCOMECFROM DIVIDENDS (Classified for Hawaii Purposes)
                                                                                     3. Received from an                        4. Received by a small 
       1. Name of declaring corporation                          2. National Banking affiliate (including foreign)              business investment co                            5. All other dividends
                                                                   Associations      as IRC section 243(b)                      operating under Small 
                                                                                     qualifying dividend                        Business Investment Act

 6.  Total dividends (Add amounts in columns 2, 3, 4, and 5)   Enter here and on page 1, line 4                                             
 7.  Dividends qualifying for the 70% dividends received deduction (Total of amounts in column 5)                            
 8.  Multiply line 7 by  30 (30%)                                                                                                                                                 
 9.  Taxable mutual funds dividends                                                                                             
 10.  Total taxable dividends (Add lines 8 and 9)   Enter here and on page 2, line 25                                                                 

FRN3E3T4                                                           ID NO 01                                                                                     FORM F-1 (REV. 2023)

FORM F-1 (REV. 2023)                                                                                                                                                                Page  4
                                              Name as shown on return                                                                  Federal Employer Identification Number

F1_I 2023A 04 VID01

  ScheduleCOMPENSATION OF OFFICERS                                                                                                                                                         E 
                                                                                  3. Time                                    Percent of corporation 
             1. Name and address of officer                     2. Official title devoted to                                 stock owned                        6. Amount of  
                                                                                  business                                 4. Common 5. Preferred               compensation

 Total compensation of officers (Enter here and on page 2, line 11)                                                                                  
  ScheduleBAD DEBTS                                                                                                                                                                        F 
 1. Last 3 2. Amount of Notes  3. Taxable                          5. Bad Debts of                                                   If Corporation Carries An Allowance
                                                                   Corpora tion if No  
   Prior     and Accounts      (or Net)       4. Sales on Account                 Allowance                                6. Gross Amount    7. Amount Charged   8. Balance of 
 Current 
   and         Receivable      Income                                             Is Carried                               Added to Allowance Against Allowance         Allowance
 Taxable     Outstanding at    Reported                                           on Books
  Years      End of Year
20
20
20
20
 ScheduleNONREFUNDABLE CREDITS                                                                                                                                                             H 
    1.     Carryover of the Credit for Energy Conservation (Attach Form N-323)                                                                                 1
    2.     Low-income Housing Tax Credit (Attach Form N-586)                                                                                                   2
    3.     Carryover of the High Technology Business Investment Tax Credit (Attach Form N-323)                                                                 3
    4.     Carryover of the Renewable Energy Technologies Income Tax Credit (for systems installed and placed in 
           service before July 1, 2009) (Attach Form N-323)                                                                                                    4
    5.     Renewable Energy Technologies Income Tax Credit for Systems Placed in Service on or after July 1, 2009  
           (Attach Form N-342)  Check the type of energy system:     Solar        Wind                                                                         5
    6.     Total Nonrefundable Credits.  Add lines 1 through 5.  (Enter here and on page 1, line 72)                                            †              6
   ScheduleREFUNDABLE CREDITS                                                                                                                                                              I 
     1.    Capital Goods Excise Tax Credit (Attach Form N-312)                                                                                                 1
    2.     Renewable Energy Technologies Income Tax Credit for Systems Placed in Service on or after July 1, 2009  
           (Attach Form N-342) (Note: The refundable credit applies only to solar energy systems and not to wind powered energy systems)                       2
    3.     Total Refundable Credits.  Add lines 1 and 2.  (Enter here and on page 1, line 70)                                                   †              3
  ScheduleCOMPUTATION OF APPORTIONMENT FACTORS                                                                                                                                             P 
                                                In Hawaii                                                                              Total Everywhere
 PropertyBeginningEndBeginningEnd—ofofofof(usetaxabletaxabletaxabletaxableoriginalyearyearyearyear                                                                                           cost) 
Land  
Buildings  
Loans  
Credit card receivables 
Leasehold interests* 
Rented Property* 
Other Property  
    Total  
* Enter net annual rent X 8.
                                                                  A.  In Hawaii                                            B.  Everywhere                        Percent in Hawaii**
 1    Property values (average value of property above)
 2    Property factor (line 1, col. A divided by line 1, col. B)                                                                                                                    %
 3    Total compensation
 4    Payroll factor (line 3, col. A divided by line 3, col. B)                                                                                                                     %
 5    Total Sales
 6    Sales factor (line 5, col. A divided by line 5, col. B)                                                                                                                       %
 7    Total of factors (add lines 2, 4, and 6)                                                                                                                                      %
 8    Average of factors (divide line 7 by 3).  Enter here and on page 2, line 47                                                                                                   %
** Compute all percentages to 5 decimal places (.00000%).
FRN4E3T4                                                        ID NO 01                                                                                     FORM F-1 (REV. 2023)