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PARENT COMPANY FINANCIAL STATEMENTS (UNAUDITED)
 12 Months Ended
Dec. 31, 2024
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)20242023
Assets:
Cash and cash equivalents$22,855 $21,541 
Other assets5,433 4,515 
Investment in stock of HomeStreet Bank598,875 737,748 
Investment in stock of other subsidiaries1,857 1,857 
Total assets$629,020 $765,661 
Liabilities:
Other liabilities$6,892 $2,508 
Long-term debt225,131 224,766 
Total liabilities232,023 227,274 
Shareholders' Equity:
Common stock, no par value233,185 229,889 
Retained earnings251,013 395,357 
Accumulated other comprehensive income (loss)(87,201)(86,859)
Total shareholder's equity396,997 538,387 
Total liabilities and shareholders' equity$629,020 $765,661 
 
Condensed Income StatementsYears Ended December 31,
(in thousands)20242023
Noninterest income
Dividend income $10,400 $39,000 
Equity in undistributed income from subsidiaries(141,939)(55,832)
Other noninterest income2,470 2,085 
Total revenues(129,069)(14,747)
Expenses
Interest expense-net8,097 8,094 
Noninterest expense11,268 8,176 
Total expenses19,365 16,270 
Income (loss) before income taxes (benefit)
(148,434)(31,017)
Income taxes (benefit)(4,090)(3,509)
Net income (loss)$(144,344)$(27,508)
Condensed Statements of Cash FlowsYears Ended December 31,
(in thousands)20242023
Cash flows from operating activities
Net income (loss)$(144,344)$(27,508)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Undistributed earnings from investment in subsidiaries141,939 55,832 
Other3,513 (480)
Net cash provided by operating activities1,108 27,844 
Cash flows from investing activities:
AFS securities: Principal collections net of purchases203 210 
Investments in subsidiaries3 — 
Net cash provided by investing activities
206 210 
Cash flows from financing activities:
Repurchases of common stock— — 
Proceeds from issuance of long-term debt
— — 
Dividends paid on common stock— (12,317)
Net cash used in financing activities— (12,317)
Net increase in cash and cash equivalents
1,314 15,737 
Cash and cash equivalents, beginning of year21,541 5,804 
Cash and cash equivalents, end of year$22,855 $21,541