HERITAGE FINANCIAL CORP /WA/
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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DEPOSITS OVERVIEW
The following table summarizes the Company's deposits at the dates indicated:
| December 31, 2025 · December 31, 2024 · Change | ||||||
|---|---|---|---|---|---|---|
| Balance | % of Total | Balance | % of Total | $ | % | |
| (Dollars in thousands) | ||||||
| Noninterest demand deposits | $1,597,650 | 27.0% | $1,654,955 | 29.1% | $(57,305) | (3.5)% |
| Interest bearing demand deposits | 1,627,259 | 27.5 | 1,464,129 | 25.8 | 163,130 | 11.1 |
| Money market accounts | 1,334,904 | 22.5 | 1,166,901 | 20.5 | 168,003 | 14.4 |
| Savings accounts | 422,523 | 7.1 | 421,377 | 7.4 | 1,146 | 0.3 |
| Total non-maturity deposits | 4,982,336 | 84.1 | 4,707,362 | 82.8 | 274,974 | 5.8 |
| Certificates of deposit | 937,863 | 15.9 | 977,251 | 17.2 | (39,388) | (4.0) |
| Total deposits | $5,920,199 | 100.0% | $5,684,613 | 100.0% | $235,586 | 4.1% |
Total deposits increased $235.6 million, or 4.1%, to $5.92 billion at December 31, 2025, compared to $5.68 billion at December 31, 2024. Non-maturity deposits increased by $275.0 million, or 5.8%, due primarily to a $168.0 million increase in money market accounts and a $163.1 million increase in interest bearing demand accounts from new accounts opened and transfers of funds from existing noninterest bearing demand deposit accounts into these higher yielding accounts. The decline in certificates of deposit of $39.4 million, or 4.0%, was due primarily to a decline in brokered deposits.
Total deposits include uninsured deposits of approximately $2.43 billion and $2.27 billion at December 31, 2025 and 2024, respectively, calculated in accordance with FDIC guidelines. Uninsured deposits included $286.4 million and $267.8 million of fully collateralized deposits as of December 31, 2025 and December 31, 2024, respectively. The Bank does not hold any foreign deposits.
The following table provides the estimated uninsured portion of certificates of deposit that are in excess of the FDIC insurance limit, by remaining time until maturity at December 31, 2025, by account, with a maturity of:
| (Dollars in thousands) | |
|---|---|
| Three months or less | $205,742 |
| Over three months through six months | 114,151 |
| Over six months through twelve months | 15,227 |
| Over twelve months | 1,704 |
| Total | $336,824 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.