HERITAGE FINANCIAL CORP WA
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
HFWA$28.64+0.9%Stored close · as of Nov 9, 2026
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PREMISES AND EQUIPMENT
(5)Premises and Equipment
The following table presents a summary of premises and equipment at the dates indicated:
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| (Dollars in thousands) | ||
| Land | $18,721 | $18,721 |
| Buildings and building improvements | 64,623 | 63,986 |
| Furniture, fixtures and equipment | 28,819 | 28,325 |
| Total premises and equipment | 112,163 | 111,032 |
| Less: Accumulated depreciation | (40,583) | (36,133) |
| Premises and equipment, net | $71,580 | $74,899 |
Total depreciation expense on premises and equipment was $6.6 million, $6.3 million and $5.4 million for the years ended December 31, 2024, 2023 and 2022, respectively.
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