Heritage Financial (US:HFWA)2025-01-23 19:30Financial Highlights - Heritage Financial Corporation's assets reached $7.1 billion[13] - Deposits totaled $5.7 billion[13] - Loans receivable amounted to $4.8 billion[13] - Net income was $11.9 million[13] - The net interest margin stood at 3.39%[13] Profitability Improvement Measures - The company sold investments with a book value of $458.2 million[19] - The weighted average book yield of these sales was 2.29%[19] - Investments purchased amounted to $173.8 million with a weighted average book yield of 6.07%[19] - The estimated annualized pre-tax financial impact is an improvement of $17.3 million[19] Loan Portfolio - Commercial Real Estate (CRE) loans make up a significant portion of the loan portfolio, totaling $2.912 billion[49] - Real estate, rental, and leasing account for $2.050 billion of commercial business loans[47] Deposits - Noninterest demand deposits represent 29.1% of total deposits[16] - The cost of total deposits is 1.39%[16]