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Heritage Financial Corporation (Parent Company Only) (Tables) | 12 Months Ended
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Dec. 31, 2023
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Statements of Financial Condition, Parent Company Only | HERITAGE FINANCIAL CORPORATION (PARENT COMPANY ONLY) Condensed Statements of Financial Condition
| December 31, 2023 |  | December 31, 2022
| (Dollars in thousands)
ASSETS |  |  |
Cash and cash equivalents | $ | 15,752 |  |  | $ | 12,926 |
Investment in subsidiary bank | 856,460 |  |  | 804,123 |
Other assets | 3,455 |  |  | 2,838 |
Total assets | $ | 875,667 |  |  | $ | 819,887 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |
Junior subordinated debentures | $ | 21,765 |  |  | $ | 21,473 |
Other liabilities | 641 |  |  | 521 |
Total stockholders’ equity | 853,261 |  |  | 797,893 |
Total liabilities and stockholders’ equity | $ | 875,667 |  |  | $ | 819,887 |
Schedule of Condensed Statements of Income, Parent Company Only | HERITAGE FINANCIAL CORPORATION (PARENT COMPANY ONLY) Condensed Statements of Income
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (Dollars in thousands)
INTEREST INCOME: |  |  |  |  |
Interest on interest earning deposits | $ | 26 |  |  | $ | 15 |  |  | $ | 30 |
INTEREST EXPENSE: |  |  |  |  |
Junior subordinated debentures | 2,074 |  |  | 1,156 |  |  | 742 |
Net interest expense | (2,048) |  |  | (1,141) |  |  | (712) |
NONINTEREST INCOME: |  |  |  |  |
Dividends from subsidiary bank | 43,500 |  |  | 44,000 |  |  | 46,000 |
Equity in undistributed income of subsidiary bank | 24,963 |  |  | 43,507 |  |  | 57,058 |
Other income | 192 |  |  | 33 |  |  | 117 |
Total noninterest income | 68,655 |  |  | 87,540 |  |  | 103,175 |
NONINTEREST EXPENSE: |  |  |  |  |
Professional services | 455 |  |  | 476 |  |  | 394 |
Other expense | 6,282 |  |  | 5,631 |  |  | 5,430 |
Total noninterest expense | 6,737 |  |  | 6,107 |  |  | 5,824 |
Income before income taxes | 59,870 |  |  | 80,292 |  |  | 96,639 |
Income tax benefit | (1,885) |  |  | (1,583) |  |  | (1,396) |
Net income | $ | 61,755 |  |  | $ | 81,875 |  |  | $ | 98,035 |
Schedule of Condensed Statements of Cash Flows, Parent Company Only | HERITAGE FINANCIAL CORPORATION (PARENT COMPANY ONLY) Condensed Statements of Cash Flows
| Year Ended December 31,
| 2023 |  | 2022 |  | 2021
| (Dollars in thousands)
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 61,755 |  |  | $ | 81,875 |  |  | $ | 98,035 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed income of subsidiary bank | (24,963) |  |  | (43,507) |  |  | (57,058) |
Stock-based compensation expense | 4,325 |  |  | 3,795 |  |  | 3,666 |
Net change in other assets and other liabilities | (497) |  |  | (63) |  |  | 960 |
Net cash provided by operating activities | 40,620 |  |  | 42,100 |  |  | 45,603 |
Cash flows from financing activities: |  |  |  |  |
Common stock cash dividends paid | (30,820) |  |  | (29,491) |  |  | (28,937) |
Repurchase of common stock | (6,974) |  |  | (3,196) |  |  | (22,889) |
Net cash used in financing activities | (37,794) |  |  | (32,687) |  |  | (51,826) |
Net (decrease) increase in cash and cash equivalents | 2,826 |  |  | 9,413 |  |  | (6,223) |
Cash and cash equivalents at the beginning of year | 12,926 |  |  | 3,513 |  |  | 9,736 |
Cash and cash equivalents at the end of year | $ | 15,752 |  |  | $ | 12,926 |  |  | $ | 3,513 |

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