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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GLOSSARY OF ACRONYMS, ABBREVIATIONS AND TERMS
The acronyms, abbreviations, and terms listed below are used in various sections of this Annual Report on Form 10-K. As used throughout this report, the terms "Heritage," “we,” “our,” “us” or the "Company" refer to Heritage Financial Corporation and its consolidated subsidiaries, unless the context otherwise requires.
| ACL | Allowance for Credit Losses |
|---|---|
| AOCI | Accumulated Other Comprehensive Income (Loss), Net |
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| Bank | Heritage Bank |
| BHCA | Bank Holding Company Act |
| Board | Heritage Financial Corporation Board of Directors |
| BOLI | Bank Owned Life Insurance |
| BTFP | Bank Term Funding Program |
| CECL | Current Expected Credit Loss |
| CMO | Collateralized Mortgage Obligation |
| CODM | Chief Operating Decision Maker |
| CRA | Community Reinvestment Act |
| CRE | Commercial Real Estate |
| Deferred Compensation Plan | Heritage Financial Corporation Deferred Compensation Plan, as Amended |
| DEI | Diversity, Equity, and Inclusion |
| DFI | Division of Banks of the Washington State Department of Financial Institutions |
| Dodd-Frank Act | Dodd–Frank Wall Street Reform and Consumer Protection Act |
| Economic Growth Act | Economic Growth, Regulatory Relief and Consumer Protection Act of 2018 |
| Equity Plan | Heritage Financial Corporation 2023 Omnibus Equity Plan |
| Exchange Act | Securities Exchange Act of 1934, as Amended |
| FASB | Financial Accounting Standards Board |
| FDIC | Federal Deposit Insurance Corporation |
| Federal Reserve | Board of Governors of the Federal Reserve System |
| FHLB | Federal Home Loan Bank |
| Fintech | Financial Technology |
| FOMC | Federal Open Market Committee within the Federal Reserve System |
| FRB | Federal Reserve Bank |
| GAAP | U.S. Generally Accepted Accounting Principles |
| LIHTC | Low-Income Housing Tax Credit |
| MBS | Mortgage-Backed Security |
| OCC | Office of the Comptroller of the Currency |
| OFAC | Office of Foreign Assets Control of the U.S. Department of the Treasury |
| Olympic | Olympic Bancorp, Inc. |
| PCAOB | Public Company Accounting Oversight Board |
| PCD | Purchased Credit Deteriorated; loans purchased with evidence of credit deterioration since origination for which it is probable that not all contractually required payments will be collected; accounted for under FASB ASC 326 |
| Plan | Heritage Financial Corporation 401(k) Profit Sharing Plan and Trust |
| Proxy Statement | Definitive Proxy Statement for the Annual Meeting of Shareholders to be Held on May 7, 2026 |
| Related Party | Certain Directors, Executive Officers and Their Affiliates |
| ROU | Right-of-Use |
| Salary Continuation Plan | Salary Continuation Plan Agreement Master Plan Document |
| SBA | Small Business Administration |
| SEC | Securities and Exchange Commission |
| SM | Special Mention |
| SOFR | Secured Overnight Financing Rate |
|---|---|
| SOX | Sarbanes-Oxley Act (15 U.S.C 7262(b)), as Amended |
| SS | Substandard |
| TDR | Troubled Debt Restructured |
| Unfunded Commitments | Off-balance sheet credit exposures such as loan commitments, standby letters of credit, financial guarantees, and other similar instruments |
| USDA | United States Department of Agriculture |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.