HERITAGE FINANCIAL CORP /WA/
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 8, 2025
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DEPOSITS OVERVIEW
Deposits
The following table summarizes the Company's deposits at the dates indicated:
| June 30, 2025 · December 31, 2024 · Change | ||||||
|---|---|---|---|---|---|---|
| Balance | % of Total Deposits | Balance | % of Total Deposits | $ | % | |
| (Dollars in thousands) | ||||||
| Noninterest demand deposits | $1,584,231 | 27.4% | $1,654,955 | 29.1% | $(70,724) | (4.3)% |
| Interest bearing demand deposits | 1,487,208 | 25.7 | 1,464,129 | 25.8 | 23,079 | 1.6 |
| Money market accounts | 1,308,952 | 22.6 | 1,166,901 | 20.5 | 142,051 | 12.2 |
| Savings accounts | 422,372 | 7.3 | 421,377 | 7.4 | 995 | 0.2 |
| Total non-maturity deposits | 4,802,763 | 83.0 | 4,707,362 | 82.8 | 95,401 | 2.0 |
| Certificates of deposit | 981,650 | 17.0 | 977,251 | 17.2 | 4,399 | 0.5 |
| Total deposits | $5,784,413 | 100.0% | $5,684,613 | 100.0% | $99,800 | 1.8% |
Total deposits increased $99.8 million, or 1.8%, to $5.78 billion at June 30, 2025, from $5.68 billion at December 31, 2024. Non-maturity deposits increased by $95.4 million, or 2.0%, from December 31, 2024. The increase in non-maturity deposits was due primarily to a $142.1 million increase in money market accounts from new accounts opened and transfers of funds from existing noninterest demand deposit accounts into these higher yielding accounts.
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