XML 113 R99.htm IDEA: XBRL DOCUMENT
v3.22.4

Fair Value Measurements - Carrying Value and Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
--- | --- | --- | ---
Financial Assets: |  |  |
Investment securities held to maturity | $ 673,434 |  |
Financial Liabilities: |  |  |
Certificates of deposit | 307,573 | $ 342,839 |
Level 1 |  |  |
Financial Assets: |  |  |
Investment securities available for sale | 25,178 |  |
Level 2 | Interest rate swaps |  |  |
Financial Liabilities: |  |  |
Derivative liabilities - interest rate swaps |  |  | $ 15,286
Level 3 |  |  |
Financial Assets: |  |  |
Investment securities available for sale | 0 |  |
Reported Value Measurement |  |  |
Financial Assets: |  |  |
Cash and cash equivalents | 103,590 |  | 1,723,292
Investment securities available for sale | 1,331,443 |  | 894,335
Investment securities held to maturity | 766,396 |  | 383,393
Loans held for sale |  |  | 1,476
Loans receivable, net | 4,007,872 |  | 3,773,301
Accrued interest receivable | 18,547 |  | 14,657
Equity security | 185 |  | 240
Financial Liabilities: |  |  |
Securities sold under agreement to repurchase | 46,597 |  | 50,839
Junior subordinated debentures | 21,473 |  | 21,180
Accrued interest payable | 143 |  | 73
Reported Value Measurement | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts |  |  |
Financial Liabilities: |  |  |
Non-maturity deposits | 5,617,267 |  | 6,051,451
Reported Value Measurement | Bank Time Deposits |  |  |
Financial Liabilities: |  |  |
Certificates of deposit | 307,573 |  | 342,839
Reported Value Measurement | Interest rate swaps |  |  |
Financial Assets: |  |  |
Derivative assets - interest rate swaps | 30,107 |  | 15,219
Financial Liabilities: |  |  |
Derivative liabilities - interest rate swaps | 30,107 |  | 15,286
Fair Value |  |  |
Financial Assets: |  |  |
Cash and cash equivalents | 103,590 |  | 1,723,292
Investment securities available for sale | 1,331,443 |  | 894,335
Investment securities held to maturity | 673,434 |  | 376,331
Loans held for sale |  |  | 1,527
Loans receivable, net | 3,841,821 |  | 3,849,602
Accrued interest receivable | 18,547 |  | 14,657
Equity security | 185 |  | 240
Financial Liabilities: |  |  |
Securities sold under agreement to repurchase | 46,597 |  | 50,839
Junior subordinated debentures | 20,000 |  | 18,750
Accrued interest payable | 143 |  | 73
Fair Value | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts |  |  |
Financial Liabilities: |  |  |
Non-maturity deposits | 5,617,267 |  | 6,051,451
Fair Value | Bank Time Deposits |  |  |
Financial Liabilities: |  |  |
Certificates of deposit | 308,325 |  | 344,025
Fair Value | Interest rate swaps |  |  |
Financial Assets: |  |  |
Derivative assets - interest rate swaps | 30,107 |  | 15,219
Financial Liabilities: |  |  |
Derivative liabilities - interest rate swaps | 30,107 |  | 15,286
Fair Value | Level 1 |  |  |
Financial Assets: |  |  |
Cash and cash equivalents | 103,590 |  | 1,723,292
Investment securities available for sale |  |  | 0
Investment securities held to maturity | 0 |  | 0
Loans held for sale |  |  | 0
Loans receivable, net | 0 |  | 0
Accrued interest receivable | 349 |  | 14
Equity security | 185 |  | 240
Financial Liabilities: |  |  |
Securities sold under agreement to repurchase | 46,597 |  | 50,839
Junior subordinated debentures | 0 |  | 0
Accrued interest payable | 57 |  | 33
Fair Value | Level 1 | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts |  |  |
Financial Liabilities: |  |  |
Non-maturity deposits | 5,617,267 |  | 6,051,451
Fair Value | Level 1 | Bank Time Deposits |  |  |
Financial Liabilities: |  |  |
Certificates of deposit | 0 |  | 0
Fair Value | Level 1 | Interest rate swaps |  |  |
Financial Assets: |  |  |
Derivative assets - interest rate swaps | 0 |  | 0
Financial Liabilities: |  |  |
Derivative liabilities - interest rate swaps | 0 |  | 0
Fair Value | Level 2 |  |  |
Financial Assets: |  |  |
Cash and cash equivalents | 0 |  | 0
Investment securities available for sale | 1,306,265 |  | 894,335
Investment securities held to maturity | 673,434 |  | 376,331
Loans held for sale |  |  | 1,527
Loans receivable, net | 0 |  | 0
Accrued interest receivable | 6,892 |  | 4,582
Equity security | 0 |  | 0
Financial Liabilities: |  |  |
Securities sold under agreement to repurchase | 0 |  | 0
Junior subordinated debentures | 0 |  | 0
Accrued interest payable | 13 |  | 19
Fair Value | Level 2 | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts |  |  |
Financial Liabilities: |  |  |
Non-maturity deposits | 0 |  | 0
Fair Value | Level 2 | Bank Time Deposits |  |  |
Financial Liabilities: |  |  |
Certificates of deposit | 308,325 |  | 344,025
Fair Value | Level 2 | Interest rate swaps |  |  |
Financial Assets: |  |  |
Derivative assets - interest rate swaps | 30,107 |  | 15,219
Financial Liabilities: |  |  |
Derivative liabilities - interest rate swaps | 30,107 |  |
Fair Value | Level 3 |  |  |
Financial Assets: |  |  |
Cash and cash equivalents | 0 |  | 0
Investment securities available for sale |  |  | 0
Investment securities held to maturity | 0 |  | 0
Loans held for sale |  |  | 0
Loans receivable, net | 3,841,821 |  | 3,849,602
Accrued interest receivable | 11,306 |  | 10,061
Equity security | 0 |  | 0
Financial Liabilities: |  |  |
Securities sold under agreement to repurchase | 0 |  | 0
Junior subordinated debentures | 20,000 |  | 18,750
Accrued interest payable | 73 |  | 21
Fair Value | Level 3 | Noninterest deposits, interest bearing demand deposits, money market accounts and savings accounts |  |  |
Financial Liabilities: |  |  |
Non-maturity deposits | 0 |  | 0
Fair Value | Level 3 | Bank Time Deposits |  |  |
Financial Liabilities: |  |  |
Certificates of deposit | 0 |  | 0
Fair Value | Level 3 | Interest rate swaps |  |  |
Financial Assets: |  |  |
Derivative assets - interest rate swaps | 0 |  | 0
Financial Liabilities: |  |  |
Derivative liabilities - interest rate swaps | $ 0 |  | $ 0

X
- Definition Fair value portion of amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 + Details
Name: | us-gaap_AccountsReceivableFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of accrued expenses. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
Name: | us-gaap_AccruedLiabilitiesFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_AssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. + References No definition available. + Details
Name: | us-gaap_CashAndCashEquivalentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of deposit liabilities held by the entity, including, but not limited to, foreign and domestic, interest and noninterest bearing, demand deposits, saving deposits, negotiable orders of withdrawal (NOW) and time deposits. + References No definition available. + Details
Name: | us-gaap_DepositsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI), classified as current. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(2)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=124098289&loc=d3e6676-107765 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 45 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=123594786&loc=SL75136599-209740 + Details
Name: | us-gaap_EquitySecuritiesFvNi
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value of subordinated debt obligations including, but not limited to, subordinated loan, subordinated bond, subordinated debenture or junior debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisSubordinatedDebtObligations
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value of investment in debt security measured at amortized cost (held-to-maturity). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -Subparagraph (aa) -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27232-111563 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(6)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5A -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126970911&loc=SL120269820-111563 + Details
Name: | us-gaap_HeldToMaturitySecuritiesFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of interest-bearing domestic certificate of deposit liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 + Details
Name: | us-gaap_InterestBearingDomesticDepositCertificatesOfDeposits
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value as of the balance sheet date of interest rate derivative assets, which includes all such derivative instruments in hedging and nonhedging relationships that are recognized as assets. + References No definition available. + Details
Name: | us-gaap_InterestRateDerivativeAssetsAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value as of the balance sheet date of interest rate derivative liabilities, which includes all such derivative instruments in hedging and nonhedging relationships that are recognized as liabilities. + References No definition available. + Details
Name: | us-gaap_InterestRateDerivativeLiabilitiesAtFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_InvestmentsFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | us-gaap_LiabilitiesAndStockholdersEquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value portion of loans held-for-sale including, but not limited to, mortgage loans and finance receivables. + References No definition available. + Details
Name: | us-gaap_LoansHeldForSaleFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of loan receivable, including, but not limited to, mortgage loans held for investment, finance receivables held for investment, policy loans on insurance contracts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -URI https://asc.fasb.org/subtopic&trid=2196772 + Details
Name: | us-gaap_LoansReceivableFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value portion of securities that an entity sells and agrees to repurchase at a specified date for a specified price. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 + Details
Name: | us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=hfwa_NoninterestDepositsInterestBearingDemandDepositsMoneyMarketAccountsAndSavingsAccountsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByLiabilityClassAxis=us-gaap_BankTimeDepositsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |