HERITAGE FINANCIAL CORP /WA/
For the period ended Sep 30, 2025. Filed Nov 7, 2025.
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Sep 30, 2025 · Filed Nov 7, 2025
Contents
COMMITMENTS AND CONTINGENCIES
(11)Commitments and Contingencies
In the ordinary course of business, the Company may enter into various types of transactions that include commitments to extend credit that are not included in its unaudited Condensed Consolidated Financial Statements. The Company applies the same credit standards to these commitments as it uses in all its lending activities and has included these commitments in its lending risk evaluations. The majority of the commitments presented below are variable rate. Loan commitments can be either revolving or non-revolving. The Company’s exposure to credit and market risk under commitments to extend credit is represented by the amount of these commitments.
The following table presents outstanding commitments to extend credit, including letters of credit, at the dates indicated:
| September 30,2025 | December 31,2024 | |
|---|---|---|
| (Dollars in thousands) | ||
| Commercial business: | ||
| Commercial and industrial | $533,759 | $591,863 |
| Owner-occupied CRE | 11,995 | 14,778 |
| Non-owner occupied CRE | 30,131 | 23,100 |
| Total commercial business | 575,885 | 629,741 |
| Real estate construction and land development: | ||
| Residential | 55,136 | 28,353 |
| Commercial and multifamily | 229,711 | 174,606 |
| Total real estate construction and land development | 284,847 | 202,959 |
| Consumer | 338,143 | 348,373 |
| Total outstanding commitments | $1,198,875 | $1,181,073 |
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