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PARENT COMPANY FINANCIAL STATEMENTS (UNAUDITED)
 12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
PARENT COMPANY FINANCIAL STATEMENTS (UNAUDITED) PARENT COMPANY FINANCIAL STATEMENTS (UNAUDITED):
Condensed financial information for HomeStreet, Inc. is as follows:
 
Condensed Balance SheetsAt December 31,
(in thousands)20222021
Assets:
Cash and cash equivalents$5,804 $12,756 
Other assets4,601 5,082 
Investment in stock of HomeStreet Bank752,211 779,851 
Investment in stock of other subsidiaries26,954 45,175 
Total assets$789,570 $842,864 
Liabilities:
Other liabilities$3,019 $1,499 
Long-term debt224,404 126,026 
Total liabilities227,423 127,525 
Shareholders' Equity:
Common stock, no par value226,592 249,856 
Retained earnings435,085 444,343 
Accumulated other comprehensive income (loss)(99,530)21,140 
Total shareholder's equity562,147 715,339 
Total liabilities and shareholders' equity$789,570 $842,864 
 
Condensed Income StatementsYears Ended December 31,
(in thousands)202220212020
Noninterest income
Dividend income $51,000 $109,000 $82,909 
Equity in undistributed income from subsidiaries24,898 10,801 3,374 
Other noninterest income2,053 1,838 1,773 
Total revenues77,951 121,639 88,056 
Expenses
Interest expense-net8,315 4,576 5,731 
Noninterest expense6,123 2,939 4,136 
Total expenses14,438 7,515 9,867 
Income before income taxes (benefit)63,513 114,124 78,189 
Income taxes (benefit)(3,027)(1,298)(1,801)
Net income$66,540 $115,422 $79,990 
Condensed Statements of Cash FlowsYears Ended December 31,
(in thousands)202220212020
Cash flows from operating activities
Net income$66,540 $115,422 $79,990 
Adjustments to reconcile net income to net cash provided by (used in) operating activities
Undistributed earnings from investment in subsidiaries(24,898)(10,801)(3,374)
Other6,386 (8,669)(4,483)
Net cash provided by operating activities48,028 95,952 72,133 
Cash flows from investing activities:
AFS securities: Principal collections net of purchases831 2,012 2,886 
Investments in subsidiaries(52,000)— — 
Net cash provided by (used in) investing activities(51,169)2,012 2,886 
Cash flows from financing activities:
Repurchases of common stock(75,000)(84,154)(58,009)
Proceeds from exercise of stock options— 263 238 
Proceeds from issuance of long-term debt
98,036 — — 
Dividends paid on common stock(26,847)(21,338)(13,865)
Net cash used in financing activities(3,811)(105,229)(71,636)
Net (decrease) increase in cash and cash equivalents(6,952)(7,265)3,383 
Cash and cash equivalents, beginning of year12,756 20,021 16,638 
Cash and cash equivalents, end of year$5,804 $12,756 $20,021