HERITAGE FINANCIAL CORP /WA/
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
Contents
COMMITMENTS AND CONTINGENCIES
(18)Commitments and Contingencies
(a) Commitments to Extend Credit
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 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:
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| (Dollars in thousands) | ||
| Commercial business: | ||
| Commercial and industrial | $554,438 | $591,863 |
| Owner-occupied CRE | 12,169 | 14,778 |
| Non-owner occupied CRE | 38,954 | 23,100 |
| Total commercial business | 605,561 | 629,741 |
| Real estate construction and land development: | ||
| Residential | 56,487 | 28,353 |
| Commercial and multifamily | 199,742 | 174,606 |
| Total real estate construction and land development | 256,229 | 202,959 |
| Consumer | 339,999 | 348,373 |
| Total outstanding commitments | $1,201,789 | $1,181,073 |
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