Heritage financial corp (HFWA)
CashFlow / TTM
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'11Mar'11
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

12,191

16,552

67,040

64,649

60,522

53,057

46,471

41,591

41,562

41,791

41,661

42,076

39,143

38,918

38,518

36,971

36,801

37,489

35,251

32,827

28,250

21,014

14,469

10,691

9,233

9,575

11,899

11,472

11,976

13,261

12,459

11,432

9,924

6,518

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of premises and equipment, amortization of securities available for sale, and amortization of discount of junior subordinated debentures

2,095

2,234

8,490

8,923

9,411

9,808

10,125

10,385

10,527

10,704

11,283

11,685

12,204

12,709

13,024

13,780

13,888

13,967

14,325

14,723

13,608

12,882

10,458

7,668

6,785

5,411

5,259

4,994

4,704

4,290

3,957

3,522

2,741

2,185

0

0

0

Changes in net deferred loan costs, net of amortization

239

-276

-1,010

-933

-117

150

389

752

660

1,007

1,107

1,476

1,383

1,422

1,580

1,320

1,613

1,866

1,790

2,341

2,315

1,733

1,045

216

-378

-574

-599

-597

-439

-236

-344

-272

-464

-537

0

0

0

Provision for loan losses

7,946

920

3,915

4,514

4,897

5,129

5,305

5,124

4,505

4,220

4,059

4,670

4,659

4,931

4,879

4,234

4,303

4,372

6,098

5,842

5,344

4,594

2,171

2,655

3,272

3,672

0

0

0

-

-

-

9,948

14,430

0

0

0

Net change in accrued interest receivable, prepaid expenses and other assets, and accrued expenses and other liabilities

-7,581

1,345

6,267

6,131

15,731

10,195

7,550

8,571

6,641

11,634

10,655

8,700

3,830

2,147

3,814

2,873

9,989

-78

8,942

10,390

3,039

13,236

7,272

6,003

9,755

9,023

6,709

9,343

4,826

5,878

-625

-5,704

-1,019

-4,224

0

0

0

Stock-based compensation expense

969

741

3,094

2,973

2,862

2,744

2,551

2,370

2,216

2,103

2,041

2,008

1,905

1,840

1,797

1,711

1,652

1,555

1,624

1,572

1,467

1,395

1,193

1,040

1,248

1,223

1,216

1,287

1,210

1,185

1,069

990

860

855

0

0

0

Stock option compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

36

49

64

71

78

88

86

106

126

130

155

165

0

0

0

Net excess tax benefit from exercise of stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

123

134

147

122

140

183

175

127

118

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefits and excess tax benefits from restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

19

-92

-93

115

99

41

-4

0

0

0

Amortization of intangible assets

903

1,025

4,140

4,279

4,049

3,819

3,025

2,230

1,757

1,286

1,324

1,364

1,404

1,415

1,580

1,744

1,908

2,100

2,249

2,329

2,291

1,920

1,405

959

584

543

493

442

435

427

427

428

434

440

0

0

0

Impairment loss on investment securities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

57

57

44

38

44

44

44

78

85

114

108

98

0

0

0

Origination of mortgage loans held for sale

16,026

8,607

60,959

56,381

64,328

76,101

86,923

94,295

101,867

108,696

128,361

141,581

149,130

145,107

130,135

124,650

126,968

132,932

124,920

111,321

86,806

57,656

35,046

12,592

2,641

6,784

12,683

20,251

21,918

21,035

21,821

19,325

18,046

18,016

0

0

0

Proceeds from sale of mortgage loans held for sale

18,298

7,458

59,451

58,086

66,044

79,237

93,236

90,008

106,177

121,482

138,123

159,059

159,516

148,121

133,350

128,696

132,951

135,515

125,951

115,503

84,640

57,515

35,303

9,329

3,431

8,602

14,323

21,746

22,620

21,482

21,612

19,070

17,634

17,268

0

0

0

Earnings on bank owned life insurance

885

487

2,252

2,101

1,905

1,753

1,395

1,343

1,384

1,424

1,482

1,512

1,473

1,460

1,671

1,646

1,546

1,354

983

763

600

455

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Valuation adjustment on other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-383

-497

-497

-511

-529

-415

-415

-330

0

-348

-393

-478

-371

-1,330

-1,285

-386

-824

759

759

901

871

0

0

0

Loss on sale of other real estate owned, net

0

-

-

-

-

-

-

-

-

-

-

-

-

173

170

42

-17

-97

241

-139

-74

23

-355

97

119

264

894

821

771

587

4

-20

-70

-71

0

0

0

Gain on sale of loans, net

547

252

2,086

1,799

2,137

2,759

3,420

3,943

7,375

7,696

8,150

10,356

7,460

6,994

6,261

4,237

4,277

4,683

4,371

3,702

2,653

1,518

975

233

61

142

229

321

313

295

279

246

228

316

0

0

0

Deferred income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Bargain purchase gain on bank acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

399

0

0

0

-

-

-

-

-

-

-

-

Gain on sale of investment securities, net

1,014

15

331

132

117

137

-20

-58

41

6

370

671

755

1,315

1,260

1,308

1,532

1,516

1,395

989

651

287

254

267

180

0

0

0

0

-

-

-

-

-

-

-

-

Gain (Loss) of Assets Held for Sale

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment for right of use asset

0

117

117

117

117

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale or write-off of premises and equipment, net

-1

-5

13

-22

-33

-32

-56

-25

-10

-13

15

-122

113

110

0

0

0

-

-

-

-

505

1,646

1,005

1,005

584

-591

5

4

3

0

0

0

-

-

-

-

Net cash provided by operating activities

16,096

21,312

87,794

89,795

94,620

82,447

75,154

59,242

61,183

73,513

69,523

73,634

62,381

53,980

56,445

57,392

64,304

51,397

59,263

62,883

46,017

51,336

35,963

25,183

32,065

30,897

30,034

31,897

26,288

27,882

22,543

18,300

23,865

20,871

0

0

0

Bank Owned Life Insurance Death Benefit

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Loans originated, net of principal payments

86,596

42,357

88,395

68,408

93,961

98,563

149,401

195,572

248,864

235,154

251,389

272,761

238,037

263,387

219,554

212,312

204,005

184,862

208,120

125,505

55,927

21,651

-33,534

-1,255

41,927

43,140

0

0

0

-

-

-

-

-

-

-

-

Maturities of other interest earning deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

6,709

-242

-392

3,847

3,346

7,824

8,967

5,725

5,475

4,202

3,481

2,484

1,987

0

0

0

-

-

-

-

-

-

-

-

Maturities, calls and payments of investment securities available for sale

74,320

47,004

173,716

156,527

115,124

92,563

87,719

87,869

103,243

98,894

110,880

121,066

126,455

129,408

127,005

128,695

118,740

124,592

121,311

105,660

88,432

66,876

45,651

37,990

42,677

51,443

67,258

67,131

67,057

61,751

51,802

49,342

40,437

35,196

0

0

0

Maturities, calls and payments of investment securities held to maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,221

4,178

3,998

3,357

3,284

3,634

3,929

4,095

4,192

2,314

1,924

2,126

2,177

1,840

2,282

2,040

2,221

0

0

0

Principal payments on loans, net of loans originated

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

Purchase of investment securities available for sale

90,517

57,606

236,213

299,105

330,395

342,141

311,326

239,302

211,334

149,914

180,510

197,583

199,009

267,657

320,615

336,790

311,351

290,499

250,994

219,826

375,431

344,146

256,672

217,194

50,580

43,627

59,782

64,298

71,049

63,903

59,722

52,144

49,573

53,590

0

0

0

Proceeds from sales of investment securities available for sale

25,177

10,932

42,940

82,914

63,914

156,014

166,124

123,575

134,060

31,028

67,843

79,568

89,933

140,373

107,775

128,709

142,885

116,332

101,291

62,467

140,563

156,994

158,640

157,987

40,318

0

0

0

0

-

-

-

-

-

-

-

-

Purchase of investment securities held to maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,294

7,102

6,994

9,551

7,414

0

0

0

-

-

-

-

271

0

0

0

Purchase of premises and equipment

1,423

1,030

12,323

12,980

22,149

23,265

22,310

18,340

4,362

3,063

3,815

7,016

7,279

6,722

5,540

1,930

1,566

1,821

2,019

2,941

3,901

3,940

4,235

3,732

4,262

5,205

6,695

6,095

4,888

3,859

2,177

2,755

2,565

3,127

0

0

0

Proceeds from sales of other loans

-

-

3,562

5,515

7,180

9,993

14,725

12,087

27,222

28,874

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of other real estate owned

266

79

864

627

277

198

0

0

0

-

-

-

-

2,486

2,842

2,686

3,509

3,555

7,940

7,696

9,983

9,914

5,586

5,194

3,812

6,003

8,150

9,030

7,865

5,255

3,086

2,340

2,883

3,257

0

0

0

Proceeds from Sale of Assets Held for Sale

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Sale of Federal Home Loan Bank Stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from redemption of Federal Home Loan Bank stock

-

-

-18,560

-17,084

-18,684

-26,538

-34,240

-35,700

-32,466

-30,018

-30,104

-29,728

-31,414

-23,732

-15,416

-10,340

-7,874

-8,040

-8,215

-8,519

-708

-617

-496

-365

-233

-208

0

0

0

-

-

-

-

-

-

-

-

Purchases of Federal Home Loan Bank stock

1,044

3,577

18,861

17,353

18,117

22,524

29,230

34,610

31,350

30,801

34,359

33,111

34,351

27,148

16,356

11,892

232

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of premises and equipment

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase bank owned life insurance

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital contributions to low-income housing tax credit partnerships and new market tax credit partnerships, net

-1,434

-80

-17,026

-2,376

-687

-8,303

-10,525

-18,924

-18,451

-10,762

-9,647

-2,209

-4,463

-4,456

-3,619

-2,756

-510

-746

-442

-244

-236

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash received from acquisitions

-

-

0

25,841

25,841

105,974

105,974

80,133

80,133

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

18,260

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-82,343

-44,359

-139,888

-109,822

-232,407

-101,634

-114,336

-168,142

-137,751

-241,394

-232,505

-239,821

-209,732

-252,926

-272,625

-267,407

-235,681

-216,621

-241,102

-173,707

-178,505

-121,649

-8,867

7,084

5,511

-16,593

-15,382

-35,529

-20,012

-3,502

-40,834

-39,433

-51,654

-61,765

0

0

0

Cash flows from financing activities:
Net increase (decrease) in deposits

35,272

-38,687

164,130

60,056

170,257

214,740

252,707

171,800

155,441

163,412

78,397

132,344

112,486

121,361

188,223

212,419

218,471

201,956

151,129

79,945

74,350

73,248

43,190

29,104

-27,911

13,763

24,830

22,743

25,133

-18,073

-3,745

5,626

39,817

-232

0

0

0

Federal Home Loan Bank advances

19,000

-76,900

-459,300

-421,300

-440,400

-554,950

-722,300

-857,100

-770,200

-763,350

-840,300

-809,100

-845,500

-660,900

-403,100

-294,500

7,420

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of Federal Home Loan Bank advances

19,000

51,900

459,300

422,100

462,100

663,450

855,700

892,500

806,250

750,450

740,600

731,200

778,750

581,300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock cash dividends paid

0

-

-

28,824

27,336

25,791

22,701

21,055

19,828

18,305

22,481

22,172

21,865

21,569

16,783

16,484

16,188

15,916

17,188

16,624

14,621

12,892

6,621

6,844

6,760

6,672

11,134

12,420

12,437

12,155

0

0

0

-

-

-

-

Net decrease in securities sold under agreement to repurchase

8,377

6,564

6,350

-511

1,639

796

-3,103

-913

-4,660

-9,717

-6,243

-4,540

-1,098

1,110

404

3,874

2,835

8,967

12,561

4,861

5,613

-2,761

-12,735

-9,090

-16,761

-13,399

234

-2,704

13,367

7,070

-4,119

3,616

-12,153

-4,064

0

0

0

Proceeds from exercise of stock options

71

22

59

128

134

133

123

102

76

164

298

280

507

540

486

579

447

751

815

1,029

1,304

915

800

590

237

200

0

0

0

-

-

-

-

-

-

-

-

Excess Tax Benefit from Share-based Compensation, Financing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

123

134

147

122

140

183

175

127

118

-49

-72

-52

-37

13

19

-92

-93

115

99

41

-4

0

0

0

Repurchase of common stock

19,060

802

8,637

1,697

1,068

1,704

1,765

1,751

1,794

737

681

1,442

1,372

2,894

2,893

2,139

7,265

7,736

8,212

10,053

4,810

2,601

2,124

8,914

8,872

8,825

9,565

935

6,027

6,023

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

592

-27,693

118,919

29,374

118,648

78,082

98,067

114,609

102,505

167,151

161,480

191,476

157,704

176,051

186,463

223,648

185,332

170,228

114,166

49,611

58,157

61,549

47,931

22,954

-26,597

11,828

4,152

12,266

-2,031

-43,285

-17,292

-13,489

26,140

-4,824

0

0

0

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

66,825

9,347

-19,139

58,895

58,885

5,709

25,937

-730

-1,502

25,289

10,353

-22,895

-29,717

13,633

13,955

5,004

-67,673

-61,213

-74,331

-8,764

75,027

55,221

10,979

26,132

18,804

8,634

4,245

-18,905

-35,583

-34,622

-1,649

-45,718

0

0

0

Supplemental disclosures of cash flow information:
Cash paid for interest

4,507

3,801

16,987

15,764

13,788

12,385

10,872

9,867

9,022

8,399

7,489

6,678

6,290

5,998

6,016

6,409

6,087

6,324

6,596

6,497

6,255

5,422

4,575

3,652

3,613

3,678

3,770

3,951

4,223

4,608

4,998

5,563

6,104

6,724

0

0

0

Cash paid for income taxes, net of refunds

58

0

8,085

8,455

5,634

5,634

5,192

3,762

2,045

2,045

4,000

6,507

11,500

11,500

12,000

11,481

7,030

15,286

10,120

12,591

18,035

9,786

12,452

7,500

969

3,574

5,939

6,415

12,675

10,713

11,861

14,281

9,505

9,998

0

0

0

Supplemental non-cash disclosures of cash flow information:
Transfers of loans receivable to other real estate owned

0

-

-

-

-

-

-

-

-

32

786

811

811

1,431

910

1,496

1,581

2,657

3,313

3,161

3,076

1,566

1,911

2,679

3,192

2,974

0

0

0

-

-

-

-

-

-

-

-

Transfers of loans receivable to loans held for sale

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfers of properties held for sale recorded in premises and equipment, net to prepaid expenses and other assets

0

763

1,534

2,378

2,599

1,836

1,835

221

0

2,687

2,687

2,687

2,687

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Seller-financed sale of other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

0

0

0

-

-

-

-

-

-

-

-

Business Combinations:
Common stock issued in business combinations

-

-

0

99,273

99,273

230,043

230,043

130,770

130,770

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets acquired (liabilities assumed) in acquisitions:
Loans transferred to other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,536

9,842

8,625

5,653

0

0

0

Investment securities available for sale

-

-

0

4,493

4,493

84,846

84,846

80,353

80,353

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

34,197

0

0

0

-

-

-

-

-

-

-

-

Loans receivable

-

-

73

330,158

330,158

718,620

718,547

388,462

388,462

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

168,580

0

0

0

-

-

-

-

-

-

-

-

Other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,279

0

0

0

-

-

-

-

-

-

-

-

Premises and equipment

-

-

0

3,053

3,053

3,785

3,785

732

732

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

6,772

0

0

0

-

-

-

-

-

-

-

-

Federal Home Loan Bank stock

-

-

0

1,120

1,120

1,743

1,743

623

623

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

454

0

0

0

-

-

-

-

-

-

-

-

Accrued interest receivable

-

-

0

1,006

1,006

2,454

2,454

1,448

1,448

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

697

0

0

0

-

-

-

-

-

-

-

-

Bank owned life insurance

-

-

0

10,852

10,852

17,116

17,116

6,264

6,264

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-

-

-225

1,603

1,603

2,957

3,182

1,354

1,354

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

7,135

0

0

0

-

-

-

-

-

-

-

-

Other intangible assets

-

-

0

7,075

7,075

18,345

18,345

11,270

11,270

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

1,072

0

0

0

-

-

-

-

-

-

-

-

Deposits

-

-

0

318,717

318,717

824,602

824,602

505,885

505,885

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

267,455

0

0

0

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

-

-

-50

5,935

5,935

8,439

8,489

2,504

2,504

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

1,528

0

0

0

-

-

-

-

-

-

-

-

Purchase of investment securities available for sale not settled

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-