HERITAGE FINANCIAL CORP /WA/
For the period ended Sep 30, 2025. Filed Nov 7, 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.
Sep 30, 2025 · Filed Nov 7, 2025
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DEPOSITS OVERVIEW
Deposits
The following table summarizes the Company's deposits at the dates indicated:
| September 30, 2025 · December 31, 2024 · Change | ||||||
|---|---|---|---|---|---|---|
| Balance | % of Total Deposits | Balance | % of Total Deposits | $ | % | |
| (Dollars in thousands) | ||||||
| Noninterest demand deposits | $1,617,909 | 27.6% | $1,654,955 | 29.1% | $(37,046) | (2.2)% |
| Interest bearing demand deposits | 1,526,685 | 26.1 | 1,464,129 | 25.8 | 62,556 | 4.3 |
| Money market accounts | 1,332,501 | 22.7 | 1,166,901 | 20.5 | 165,600 | 14.2 |
| Savings accounts | 430,127 | 7.3 | 421,377 | 7.4 | 8,750 | 2.1 |
| Total non-maturity deposits | 4,907,222 | 83.7 | 4,707,362 | 82.8 | 199,860 | 4.2 |
| Certificates of deposit | 950,242 | 16.3 | 977,251 | 17.2 | (27,009) | (2.8) |
| Total deposits | $5,857,464 | 100.0% | $5,684,613 | 100.0% | $172,851 | 3.0% |
Total deposits increased $172.9 million, or 3.0%, to $5.86 billion at September 30, 2025, from $5.68 billion at December 31, 2024. Non-maturity deposits increased by $199.9 million, or 4.2%, from December 31, 2024. The increase in non-maturity deposits was due primarily to a $165.6 million increase in money market accounts and a $62.6 million increase in interest bearing demand accounts from new accounts opened and transfers of funds from existing noninterest demand deposit accounts into these higher yielding accounts. The decline in certificates of deposit of $27.0 million, or 2.8%, was due primarily to a decline in brokered deposits.
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