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Heritage Financial Corporation (Parent Company Only) (Tables)
 12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Condensed statements of financial condition
HERITAGE FINANCIAL CORPORATION
(PARENT COMPANY ONLY)
Condensed Statements of Financial Condition 
 December 31, 2021December 31, 2020
 (In thousands)
ASSETS
Cash and cash equivalents$3,513 $9,736 
Investment in subsidiary bank869,862 828,426 
Other assets2,608 4,469 
Total assets$875,983 $842,631 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Junior subordinated debentures$21,180 $20,887 
Other liabilities371 1,305 
Total stockholders’ equity854,432 820,439 
Total liabilities and stockholders’ equity$875,983 $842,631 
Condensed statements of income
HERITAGE FINANCIAL CORPORATION
(PARENT COMPANY ONLY)
Condensed Statements of Income 
 Year Ended December 31,
 202120202019
 (In thousands)
INTEREST INCOME:
Interest on interest earning deposits$30 $16 $57 
INTEREST EXPENSE:
Junior subordinated debentures742 890 1,339 
Net interest expense(712)(874)(1,282)
NONINTEREST INCOME:
Dividends from subsidiary bank46,000 39,000 47,000 
Equity in undistributed income of subsidiary bank57,058 12,685 25,186 
Other income117 5 39 
Total noninterest income103,175 51,690 72,225 
NONINTEREST EXPENSE:
Professional services394 495 517 
Other expense5,430 5,172 4,395 
Total noninterest expense5,824 5,667 4,912 
Income before income taxes96,639 45,149 66,031 
Income tax benefit(1,396)(1,421)(1,526)
Net income$98,035 $46,570 $67,557 
Condensed statements of cash flows
HERITAGE FINANCIAL CORPORATION
(PARENT COMPANY ONLY)
Condensed Statements of Cash Flows 
 Year Ended December 31,
 202120202019
 (In thousands)
Cash flows from operating activities:
Net income$98,035 $46,570 $67,557 
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed income of subsidiary bank(57,058)(12,685)(25,186)
Stock-based compensation expense3,666 3,559 3,231 
Net change in other assets and other liabilities960 (1,333)763 
Net cash provided by operating activities45,603 36,111 46,365 
Cash flows from financing activities:
Common stock cash dividends paid(28,937)(28,859)(30,908)
Proceeds from exercise of stock options— 122 58 
Repurchase of common stock(22,889)(19,119)(8,636)
Net cash used in financing activities(51,826)(47,856)(39,486)
Net (decrease) increase in cash and cash equivalents(6,223)(11,745)6,879 
Cash and cash equivalents at the beginning of year9,736 21,481 14,602 
Cash and cash equivalents at the end of year$3,513 $9,736 $21,481