Heritage financial corp (HFWA)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
Investment securities held to maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35

-

-

-

-

-

-

-

-

-

-

ASSETS
Cash on hand and in banks

105

95

115

95

71

92

120

94

86

78

82

81

74

77

86

69

61

63

58

62

60

74

64

73

40

40

55

31

34

37

34

31

28

30

30

31

37

Interest earning deposits

57

133

121

43

39

69

49

35

43

24

28

42

29

26

26

29

32

62

83

22

19

47

145

73

114

90

79

63

112

67

82

52

110

93

121

86

129

Cash and Cash Equivalents, at Carrying Value

162

228

236

139

111

161

170

129

130

103

111

124

104

103

112

98

94

126

142

85

80

121

210

146

154

130

135

94

146

104

116

83

139

123

-

-

-

Other interest earning deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

5

5

6

5

5

9

10

13

14

15

15

17

-

-

2

-

-

-

-

-

-

-

Federal funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

Investment securities available for sale, at fair value, net (amortized cost of $937,828 and $939,160 at March 31, 2020 and December 31, 2019)

961

952

966

960

985

976

920

873

821

810

800

790

783

794

819

815

822

811

703

699

747

742

682

652

138

163

167

143

147

144

147

149

143

144

141

147

125

Loans held for sale

3

5

5

3

2

1

1

3

2

2

5

5

9

11

8

7

7

7

7

6

8

5

4

7

-

0

0

-

0

1

1

1

1

1

0

0

0

Investment securities held to maturity (fair value of $0 and $36,874, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

33

35

35

38

38

39

36

35

13

10

10

10

11

11

12

12

13

13

Loans receivable

3,852

3,767

3,731

3,718

3,696

3,654

3,649

3,328

3,281

2,849

2,797

2,749

2,663

2,640

2,578

2,524

2,459

2,402

2,404

-

-

2,251

-

-

-

-

961

932

887

-

871

853

837

837

802

782

742

Financing Receivable, Allowance for Credit Loss

47

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans and Leases Receivable, Allowance

-

36

36

36

36

35

34

33

33

32

31

32

31

31

30

28

29

29

29

28

27

27

28

28

29

28

17

17

17

28

20

20

22

22

22

22

22

Loans receivable, net

3,804

3,731

3,694

3,681

3,660

3,619

3,614

3,294

3,248

2,816

2,766

2,716

2,632

2,609

2,548

2,496

2,429

2,372

2,375

2,319

2,260

2,223

2,174

2,200

1,207

1,203

1,208

1,086

1,055

998

1,006

1,002

990

1,004

984

981

979

Covered loans receivable, net of allowance for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54

-

63

74

81

83

89

97

100

105

111

117

128

Originated loans receivable, net of allowance for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

944

914

869

-

851

832

814

815

780

760

719

Purchased non-covered loans receivable, net of allowance for loan losses ($5,286 and $5,504, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

176

-

200

96

104

59

65

72

75

83

92

103

131

FDIC indemnification asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1

5

9

3

4

4

4

5

7

7

8

8

10

12

14

16

Other real estate owned

0

0

0

1

1

1

2

0

0

0

0

0

0

0

0

1

1

2

2

3

4

3

6

8

4

4

4

3

5

5

7

8,634

8

4

2

1

3

Premises and equipment, net

87

87

86

84

80

81

80

75

62

60

60

60

61

63

63

60

61

61

63

63

64

64

65

66

33

34

34

27

25

24

22

23

22

22

22

22

21

Federal Home Loan Bank stock, at cost

6

6

6

10

7

6

6

8

6

8

9

9

7

7

5

5

4

4

4

4

12

12

12

12

5

5

5

5

5

5

5

5

5

5

5

5

5

Bank owned life insurance

106

103

102

94

94

93

93

82

81

75

71

71

70

70

69

61

61

60

60

60

35

35

32

32

-

2

-

-

-

-

-

-

-

-

-

-

-

Accrued interest receivable

14

14

14

15

15

15

15

13

13

12

12

11

11

10

11

10

11

10

10

9

10

9

9

9

5

5

5

4

4

4

5

4

4

5

5

5

4

Prepaid expenses and other assets

180

164

142

126

123

98

108

104

104

99

87

75

78

79

74

66

52

58

59

60

61

61

64

63

23

22

26

10

8

22

10

14

11

8

11

10

8

Deferred income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

16

-

10

10

11

10

3

3

4

Other intangible assets, net

15

16

17

18

19

20

21

15

16

6

6

6

7

7

7

8

8

8

9

9

10

10

11

12

1

1

1

1

1

1

1

1

1

1

1

1

1

Goodwill

240

240

240

240

240

240

240

187

187

119

119

119

119

119

119

119

119

119

119

119

119

119

118

118

29

29

29

13

13

13

13

13

13

13

13

13

13

Total assets

5,587

5,552

5,515

5,376

5,342

5,316

5,276

4,789

4,676

4,113

4,050

3,990

3,885

3,878

3,846

3,756

3,678

3,650

3,595

3,480

3,459

3,457

3,451

3,391

1,662

1,659

1,674

1,425

1,447

1,345

1,366

1,338

1,374

1,368

1,369

1,338

1,367

LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits

4,617

4,582

4,562

4,347

4,393

4,432

4,398

3,968

3,904

3,393

3,320

3,291

3,243

3,229

3,242

3,158

3,130

3,108

3,054

2,946

2,912

2,906

2,903

2,866

1,404

1,399

1,425

1,196

1,225

1,117

1,133

1,113

1,139

1,136

1,137

1,107

1,136

Federal Home Loan Bank advances

-

-

-

90

25

-

0

75

30

92

117

110

66

79

17

-

-

0

-

-

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Junior subordinated debentures

20

20

20

20

20

20

20

20

20

20

19

19

19

19

19

19

19

19

19

19

19

19

19

18

-

0

-

-

-

-

-

-

-

-

-

-

-

Securities Sold under Agreements to Repurchase

11

20

25

23

24

31

32

22

26

31

28

21

21

22

22

16

20

23

22

20

23

32

35

25

28

29

22

16

12

16

22

13

20

23

18

17

19

Accrued expenses and other liabilities

138

120

102

98

99

72

79

63

59

67

55

47

45

46

48

38

27

29

30

34

34

45

42

30

13

14

9

12

9

12

7

11

8

7

6

8

10

Total liabilities

4,788

4,743

4,711

4,580

4,563

4,556

4,530

4,149

4,041

3,604

3,542

3,490

3,396

3,397

3,350

3,266

3,197

3,180

3,126

3,021

2,996

3,003

2,999

2,941

1,446

1,443

1,457

1,225

1,246

1,146

1,164

1,138

1,169

1,166

1,162

1,133

1,165

Stockholders’ equity:
Preferred stock, no par value, 2,500,000 shares authorized; no shares issued and outstanding at March 31, 2020 and December 31, 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

Common stock, no par value, 50,000,000 shares authorized; 35,888,494 and 36,618,729 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

568

586

585

591

591

591

591

491

490

360

360

359

359

359

358

358

358

359

358

358

363

364

365

366

138

138

138

122

122

121

122

121

126

126

127

128

128

Unearned compensation-Employee Stock Ownership Plan ("ESOP")

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

Retained earnings

211

212

206

195

185

176

169

159

153

149

145

138

131

125

126

119

113

107

104

98

93

-

86

82

78

78

78

78

77

75

78

76

77

74

76

75

73

Accumulated other comprehensive income, net

18

10

12

9

0

-7

-14

-11

-8

-1

1

1

-1

-2

11

12

8

2

5

2

6

3

-0

1

-0

-1

-0

-0

1

1

1

1

1

1

1

1

0

Stockholders' Equity Attributable to Parent

798

809

804

796

778

760

746

639

634

508

507

500

489

481

496

490

480

469

468

459

462

454

451

449

216

215

216

200

200

198

202

200

205

202

206

205

202

Total liabilities and stockholders’ equity

5,587

5,552

5,515

5,376

5,342

5,316

5,276

4,789

4,676

4,113

4,050

3,990

3,885

3,878

3,846

3,756

3,678

3,650

3,595

3,480

3,459

3,457

3,451

3,391

1,662

1,659

1,674

1,425

1,447

1,345

1,366

1,338

1,374

1,368

1,369

1,338

1,367