HERITAGE FINANCIAL CORP /WA/
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
HFWA$28.39-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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ALLOWANCE FOR CREDIT LOSSES ON LOANS
(4)Allowance for Credit Losses on Loans
The following tables detail the activity in the ACL on loans by segment and class for the periods indicated:
| Year Ended December 31, 2025 | |||||
|---|---|---|---|---|---|
| Beginning Balance | Charge-offs | Recoveries | Provision for (Reversal of) Credit Losses | Ending Balance | |
| (Dollars in thousands) | |||||
| Commercial business: | |||||
| Commercial and industrial | $9,766 | $(1,436) | $262 | $710 | $9,302 |
| Owner-occupied CRE | 12,819 | — | 141 | 137 | 13,097 |
| Non-owner occupied CRE | 15,708 | — | — | 1,305 | 17,013 |
| Total commercial business | 38,293 | (1,436) | 403 | 2,152 | 39,412 |
| Residential real estate | 3,464 | (27) | 1 | 270 | 3,708 |
| Real estate construction and land development: | |||||
| Residential | 779 | — | — | 258 | 1,037 |
| Commercial and multifamily | 7,877 | — | — | (1,290) | 6,587 |
| Total real estate construction and land development | 8,656 | — | — | (1,032) | 7,624 |
| Consumer | 2,055 | (485) | 152 | 118 | 1,840 |
| Total | $52,468 | $(1,948) | $556 | $1,508 | $52,584 |
| Year Ended December 31, 2024 | |||||
|---|---|---|---|---|---|
| Beginning Balance | Charge-offs | Recoveries | Provision for (Reversal of) Credit Losses | Ending Balance | |
| (Dollars in thousands) | |||||
| Commercial business: | |||||
| Commercial and industrial | $11,128 | $(443) | $496 | $(1,415) | $9,766 |
| Owner-occupied CRE | 8,999 | (2,510) | 359 | 5,971 | 12,819 |
| Non-owner occupied CRE | 11,176 | — | — | 4,532 | 15,708 |
| Total commercial business | 31,303 | (2,953) | 855 | 9,088 | 38,293 |
| Residential real estate | 3,473 | — | — | (9) | 3,464 |
| Real estate construction and land development: | |||||
| Residential | 1,643 | — | — | (864) | 779 |
| Commercial and multifamily | 9,233 | — | — | (1,356) | 7,877 |
| Total real estate construction and land development | 10,876 | — | — | (2,220) | 8,656 |
| Consumer | 2,347 | (538) | 122 | 124 | 2,055 |
| Total | $47,999 | $(3,491) | $977 | $6,983 | $52,468 |
| Year Ended December 31, 2023 | |||||
|---|---|---|---|---|---|
| Beginning Balance | Charge-offs | Recoveries | (Reversal of) Provision for Credit Losses | Ending Balance | |
| (Dollars in thousands) | |||||
| Commercial business: | |||||
| Commercial and industrial | $13,962 | $(719) | $1,372 | $(3,487) | $11,128 |
| Owner-occupied CRE | 7,480 | — | — | 1,519 | 8,999 |
| Non-owner occupied CRE | 9,276 | — | — | 1,900 | 11,176 |
| Total commercial business | 30,718 | (719) | 1,372 | (68) | 31,303 |
| Residential real estate | 2,872 | — | — | 601 | 3,473 |
| Real estate construction and land development: | |||||
| Residential | 1,654 | — | — | (11) | 1,643 |
| Commercial and multifamily | 5,409 | — | — | 3,824 | 9,233 |
| Total real estate construction and land development | 7,063 | — | — | 3,813 | 10,876 |
| Consumer | 2,333 | (586) | 210 | 390 | 2,347 |
| Total | $42,986 | $(1,305) | $1,582 | $4,736 | $47,999 |
The following table details the activity in the ACL on unfunded commitments during the periods indicated:
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| (Dollars in thousands) | |||
| Balance, beginning of period | $587 | $1,288 | $1,744 |
| Provision for (reversal of) credit losses on unfunded commitments | 460 | (701) | (456) |
| Balance, end of period | $1,047 | $587 | $1,288 |
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