XML 143 R38.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Loans Receivable (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Receivables [Abstract] |
Schedule of Accounts, Notes, Loans and Financing Receivable | The amortized cost of loans receivable, net of ACL on loans consisted of the following portfolio segments and classes at the dates indicated:
| December 31, 2024 |  | December 31, 2023
| (Dollars in thousands)
Commercial business: |  |  |
Commercial and industrial | $ | 842,672 |  |  | $ | 718,291 |
Owner-occupied CRE | 1,003,243 |  |  | 958,620 |
Non-owner occupied CRE | 1,909,107 |  |  | 1,697,574 |
Total commercial business | 3,755,022 |  |  | 3,374,485 |
Residential real estate | 402,954 |  |  | 375,342 |
Real estate construction and land development: |  |  |
Residential | 83,890 |  |  | 78,610 |
Commercial and multifamily | 395,553 |  |  | 335,819 |
Total real estate construction and land development | 479,443 |  |  | 414,429 |
Consumer | 164,704 |  |  | 171,371 |
Loans receivable | 4,802,123 |  |  | 4,335,627 |
ACL on loans | (52,468) |  |  | (47,999) |
Loans receivable, net | $ | 4,749,655 |  |  | $ | 4,287,628 |
Balances included in the amortized cost of loans receivable: |  |  |
Unamortized net discount on acquired loans | $ | (1,095) |  |  | $ | (1,923) |
Unamortized net deferred fee | $ | (10,110) |  |  | $ | (11,063) |
Schedule of Loans Receivable, Amortized Cost, by Risk Grade, Origination Year and Gross Charge-Offs | The following tables present the amortized cost of loans receivable by risk grade and origination year, and the gross charge-offs by loan class and origination year, at the dates indicated.
| December 31, 2024 |  | Revolving Loans |  | Revolving Loans Converted(1) |  | Loans Receivable
| Term Loans Amortized Cost Basis by Origination Year |  |  |
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |
| (Dollars in thousands)
Commercial business:
Commercial and industrial
Pass | $ | 204,107 |  |  | $ | 127,603 |  |  | $ | 125,220 |  |  | $ | 51,126 |  |  | $ | 53,115 |  |  | $ | 78,039 |  |  | $ | 147,861 |  |  | $ | 491 |  |  | $ | 787,562 |
SM | 161 |  |  | 4,482 |  |  | 6,495 |  |  | 502 |  |  | 1,117 |  |  | 4,490 |  |  | 13,555 |  |  | 2,352 |  |  | 33,154 |
SS | — |  |  | 235 |  |  | 857 |  |  | 315 |  |  | 2,516 |  |  | 4,337 |  |  | 12,331 |  |  | 1,365 |  |  | 21,956 |
Total | 204,268 |  |  | 132,320 |  |  | 132,572 |  |  | 51,943 |  |  | 56,748 |  |  | 86,866 |  |  | 173,747 |  |  | 4,208 |  |  | 842,672 |
Owner-occupied CRE
Pass | 116,031 |  |  | 93,567 |  |  | 136,496 |  |  | 147,540 |  |  | 81,161 |  |  | 389,801 |  |  | 534 |  |  | — |  |  | 965,130 |
SM | — |  |  | 2,719 |  |  | 1,215 |  |  | 4,121 |  |  | 871 |  |  | 15,298 |  |  | — |  |  | — |  |  | 24,224 |
SS | — |  |  | — |  |  | — |  |  | 1,182 |  |  | 637 |  |  | 12,070 |  |  | — |  |  | — |  |  | 13,889 |
Total | 116,031 |  |  | 96,286 |  |  | 137,711 |  |  | 152,843 |  |  | 82,669 |  |  | 417,169 |  |  | 534 |  |  | — |  |  | 1,003,243 |
Non-owner occupied CRE
Pass | 168,040 |  |  | 174,993 |  |  | 338,983 |  |  | 238,933 |  |  | 149,804 |  |  | 790,691 |  |  | — |  |  | 24 |  |  | 1,861,468 |
SM | — |  |  | — |  |  | — |  |  | 7,988 |  |  | — |  |  | 32,925 |  |  | — |  |  | — |  |  | 40,913 |
SS | — |  |  | — |  |  | 584 |  |  | — |  |  | — |  |  | 6,142 |  |  | — |  |  | — |  |  | 6,726 |
Total | 168,040 |  |  | 174,993 |  |  | 339,567 |  |  | 246,921 |  |  | 149,804 |  |  | 829,758 |  |  | — |  |  | 24 |  |  | 1,909,107 |
Total commercial business
Pass | 488,178 |  |  | 396,163 |  |  | 600,699 |  |  | 437,599 |  |  | 284,080 |  |  | 1,258,531 |  |  | 148,395 |  |  | 515 |  |  | 3,614,160 |
SM | 161 |  |  | 7,201 |  |  | 7,710 |  |  | 12,611 |  |  | 1,988 |  |  | 52,713 |  |  | 13,555 |  |  | 2,352 |  |  | 98,291 |
SS | — |  |  | 235 |  |  | 1,441 |  |  | 1,497 |  |  | 3,153 |  |  | 22,549 |  |  | 12,331 |  |  | 1,365 |  |  | 42,571 |
Total | 488,339 |  |  | 403,599 |  |  | 609,850 |  |  | 451,707 |  |  | 289,221 |  |  | 1,333,793 |  |  | 174,281 |  |  | 4,232 |  |  | 3,755,022 |
Residential real estate
Pass | 32,857 |  |  | 52,317 |  |  | 135,115 |  |  | 132,150 |  |  | 21,909 |  |  | 26,838 |  |  | — |  |  | — |  |  | 401,186 |
SS | — |  |  | — |  |  | 832 |  |  | 786 |  |  | — |  |  | 150 |  |  | — |  |  | — |  |  | 1,768 |
Total | 32,857 |  |  | 52,317 |  |  | 135,947 |  |  | 132,936 |  |  | 21,909 |  |  | 26,988 |  |  | — |  |  | — |  |  | 402,954 |
| December 31, 2024 |  | Revolving Loans |  | Revolving Loans Converted(1) |  | Loans Receivable
| Term Loans Amortized Cost Basis by Origination Year |  |  |
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |
Real estate construction and land development:
Residential
Pass | 34,078 |  |  | 34,436 |  |  | 6,415 |  |  | — |  |  | 1,000 |  |  | 955 |  |  | 256 |  |  | — |  |  | 77,140 |
SS | — |  |  | 1,000 |  |  | — |  |  | 5,750 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,750 |
Total | 34,078 |  |  | 35,436 |  |  | 6,415 |  |  | 5,750 |  |  | 1,000 |  |  | 955 |  |  | 256 |  |  | — |  |  | 83,890 |
Commercial and multifamily
Pass | 37,022 |  |  | 169,816 |  |  | 147,789 |  |  | 9,865 |  |  | — |  |  | 3,002 |  |  | — |  |  | — |  |  | 367,494 |
SM | — |  |  | — |  |  | 893 |  |  | — |  |  | 5,655 |  |  | 5,886 |  |  | — |  |  | — |  |  | 12,434 |
SS | — |  |  | — |  |  | — |  |  | 15,625 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 15,625 |
Total | 37,022 |  |  | 169,816 |  |  | 148,682 |  |  | 25,490 |  |  | 5,655 |  |  | 8,888 |  |  | — |  |  | — |  |  | 395,553 |
Total real estate construction and land development
Pass | 71,100 |  |  | 204,252 |  |  | 154,204 |  |  | 9,865 |  |  | 1,000 |  |  | 3,957 |  |  | 256 |  |  | — |  |  | 444,634 |
SM | — |  |  | — |  |  | 893 |  |  | — |  |  | 5,655 |  |  | 5,886 |  |  | — |  |  | — |  |  | 12,434 |
SS | — |  |  | 1,000 |  |  | — |  |  | 21,375 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 22,375 |
Total | 71,100 |  |  | 205,252 |  |  | 155,097 |  |  | 31,240 |  |  | 6,655 |  |  | 9,843 |  |  | 256 |  |  | — |  |  | 479,443 |
Consumer
Pass | 1,882 |  |  | 1,513 |  |  | 1,477 |  |  | 339 |  |  | 3,196 |  |  | 20,518 |  |  | 133,355 |  |  | 820 |  |  | 163,100 |
SS | — |  |  | — |  |  | 25 |  |  | — |  |  | 115 |  |  | 609 |  |  | 60 |  |  | 795 |  |  | 1,604 |
Total | 1,882 |  |  | 1,513 |  |  | 1,502 |  |  | 339 |  |  | 3,311 |  |  | 21,127 |  |  | 133,415 |  |  | 1,615 |  |  | 164,704 |
Loans receivable
Pass | 594,017 |  |  | 654,245 |  |  | 891,495 |  |  | 579,953 |  |  | 310,185 |  |  | 1,309,844 |  |  | 282,006 |  |  | 1,335 |  |  | 4,623,080 |
SM | 161 |  |  | 7,201 |  |  | 8,603 |  |  | 12,611 |  |  | 7,643 |  |  | 58,599 |  |  | 13,555 |  |  | 2,352 |  |  | 110,725 |
SS | — |  |  | 1,235 |  |  | 2,298 |  |  | 23,658 |  |  | 3,268 |  |  | 23,308 |  |  | 12,391 |  |  | 2,160 |  |  | 68,318 |
Total | $ | 594,178 |  |  | $ | 662,681 |  |  | $ | 902,396 |  |  | $ | 616,222 |  |  | $ | 321,096 |  |  | $ | 1,391,751 |  |  | $ | 307,952 |  |  | $ | 5,847 |  |  | $ | 4,802,123 |
(1) Represents the loans receivable balance at December 31, 2024 which was converted from a revolving loan to a non-revolving amortizing loan during the year ended December 31, 2024.
| December 31, 2023 |  | Revolving Loans |  | Revolving Loans Converted(1) |  | Loans Receivable |
| Term Loans Amortized Cost Basis by Origination Year |  |  |  |
| 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  |  |  |
| (Dollars in thousands) |
Commercial business: |
Commercial and industrial |
Pass | $ | 120,973 |  |  | $ | 150,854 |  |  | $ | 74,231 |  |  | $ | 66,364 |  |  | $ | 40,307 |  |  | $ | 76,924 |  |  | $ | 141,740 |  |  | $ | 188 |  |  | $ | 671,581 |  |
SM | — |  |  | 2,495 |  |  | 104 |  |  | 292 |  |  | 4,556 |  |  | 1,458 |  |  | 9,124 |  |  | — |  |  | 18,029 |  |
SS | — |  |  | 1,215 |  |  | 2,734 |  |  | 3,548 |  |  | 1,076 |  |  | 7,875 |  |  | 12,168 |  |  | 65 |  |  | 28,681 |  |
Total | 120,973 |  |  | 154,564 |  |  | 77,069 |  |  | 70,204 |  |  | 45,939 |  |  | 86,257 |  |  | 163,032 |  |  | 253 |  |  | 718,291 |  |
Owner-occupied CRE |
Pass | 90,775 |  |  | 138,505 |  |  | 159,490 |  |  | 82,296 |  |  | 146,869 |  |  | 299,609 |  |  | — |  |  | — |  |  | 917,544 |  |
SM | — |  |  | — |  |  | 2,219 |  |  | 2,775 |  |  | 705 |  |  | 16,266 |  |  | — |  |  | — |  |  | 21,965 |  |
SS | — |  |  | — |  |  | 4,908 |  |  | 654 |  |  | — |  |  | 13,549 |  |  | — |  |  | — |  |  | 19,111 |  |
Total | 90,775 |  |  | 138,505 |  |  | 166,617 |  |  | 85,725 |  |  | 147,574 |  |  | 329,424 |  |  | — |  |  | — |  |  | 958,620 |  |
| December 31, 2023 |  | Revolving Loans |  | Revolving Loans Converted(1) |  | Loans Receivable |
| Term Loans Amortized Cost Basis by Origination Year |  |  |  |
| 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  |  |  |
Non-owner-occupied CRE |
Pass | 153,239 |  |  | 260,431 |  |  | 216,811 |  |  | 157,424 |  |  | 239,928 |  |  | 628,489 |  |  | — |  |  | — |  |  | 1,656,322 |  |
SM | — |  |  | — |  |  | 8,172 |  |  | — |  |  | 570 |  |  | 19,300 |  |  | — |  |  | — |  |  | 28,042 |  |
SS | — |  |  | 598 |  |  | — |  |  | — |  |  | — |  |  | 12,612 |  |  | — |  |  | — |  |  | 13,210 |  |
Total | 153,239 |  |  | 261,029 |  |  | 224,983 |  |  | 157,424 |  |  | 240,498 |  |  | 660,401 |  |  | — |  |  | — |  |  | 1,697,574 |  |
Total commercial business |
Pass | 364,987 |  |  | 549,790 |  |  | 450,532 |  |  | 306,084 |  |  | 427,104 |  |  | 1,005,022 |  |  | 141,740 |  |  | 188 |  |  | 3,245,447 |  |
SM | — |  |  | 2,495 |  |  | 10,495 |  |  | 3,067 |  |  | 5,831 |  |  | 37,024 |  |  | 9,124 |  |  | — |  |  | 68,036 |  |
SS | — |  |  | 1,813 |  |  | 7,642 |  |  | 4,202 |  |  | 1,076 |  |  | 34,036 |  |  | 12,168 |  |  | 65 |  |  | 61,002 |  |
Total | 364,987 |  |  | 554,098 |  |  | 468,669 |  |  | 313,353 |  |  | 434,011 |  |  | 1,076,082 |  |  | 163,032 |  |  | 253 |  |  | 3,374,485 |  |
Residential real estate |
Pass | 36,321 |  |  | 141,201 |  |  | 141,430 |  |  | 24,108 |  |  | 15,022 |  |  | 16,297 |  |  | — |  |  | — |  |  | 374,379 |  |
SS | — |  |  | — |  |  | 801 |  |  | — |  |  | — |  |  | 162 |  |  | — |  |  | — |  |  | 963 |  |
Total | 36,321 |  |  | 141,201 |  |  | 142,231 |  |  | 24,108 |  |  | 15,022 |  |  | 16,459 |  |  | — |  |  | — |  |  | 375,342 |  |
Real estate construction and land development: |
Residential |
Pass | 41,663 |  |  | 24,760 |  |  | 1,050 |  |  | 1,289 |  |  | 804 |  |  | 719 |  |  | 1 |  |  | — |  |  | 70,286 |  |
SM | — |  |  | — |  |  | 2,139 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,139 |  |
SS | 1,000 |  |  | 319 |  |  | 4,866 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,185 |  |
Total | 42,663 |  |  | 25,079 |  |  | 8,055 |  |  | 1,289 |  |  | 804 |  |  | 719 |  |  | 1 |  |  | — |  |  | 78,610 |  |
Commercial and multifamily |
Pass | 42,499 |  |  | 187,827 |  |  | 91,460 |  |  | 337 |  |  | 749 |  |  | 3,145 |  |  | — |  |  | — |  |  | 326,017 |  |
SM | — |  |  | — |  |  | — |  |  | 3,777 |  |  | 5,660 |  |  | 365 |  |  | — |  |  | — |  |  | 9,802 |  |
Total | 42,499 |  |  | 187,827 |  |  | 91,460 |  |  | 4,114 |  |  | 6,409 |  |  | 3,510 |  |  | — |  |  | — |  |  | 335,819 |  |
Total real estate construction and land development |
Pass | 84,162 |  |  | 212,587 |  |  | 92,510 |  |  | 1,626 |  |  | 1,553 |  |  | 3,864 |  |  | 1 |  |  | — |  |  | 396,303 |  |
SM | — |  |  | — |  |  | 2,139 |  |  | 3,777 |  |  | 5,660 |  |  | 365 |  |  | — |  |  | — |  |  | 11,941 |  |
SS | 1,000 |  |  | 319 |  |  | 4,866 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,185 |  |
Total | 85,162 |  |  | 212,906 |  |  | 99,515 |  |  | 5,403 |  |  | 7,213 |  |  | 4,229 |  |  | 1 |  |  | — |  |  | 414,429 |  |
Consumer |
Pass | 1,897 |  |  | 1,980 |  |  | 293 |  |  | 6,221 |  |  | 15,841 |  |  | 20,402 |  |  | 122,007 |  |  | 1,123 |  |  | 169,764 |  |
SS | — |  |  | — |  |  | — |  |  | 134 |  |  | 207 |  |  | 893 |  |  | 333 |  |  | 40 |  |  | 1,607 |  |
Total | 1,897 |  |  | 1,980 |  |  | 293 |  |  | 6,355 |  |  | 16,048 |  |  | 21,295 |  |  | 122,340 |  |  | 1,163 |  |  | 171,371 |  |
Loans receivable |
Pass | 487,367 |  |  | 905,558 |  |  | 684,765 |  |  | 338,039 |  |  | 459,520 |  |  | 1,045,585 |  |  | 263,748 |  |  | 1,311 |  |  | 4,185,893 |  |
SM | — |  |  | 2,495 |  |  | 12,634 |  |  | 6,844 |  |  | 11,491 |  |  | 37,389 |  |  | 9,124 |  |  | — |  |  | 79,977 |  |
SS | 1,000 |  |  | 2,132 |  |  | 13,309 |  |  | 4,336 |  |  | 1,283 |  |  | 35,091 |  |  | 12,501 |  |  | 105 |  |  | 69,757 |  |
Total | $ | 488,367 |  |  | $ | 910,185 |  |  | $ | 710,708 |  |  | $ | 349,219 |  |  | $ | 472,294 |  |  | $ | 1,118,065 |  |  | $ | 285,373 |  |  | $ | 1,416 |  |  | $ | 4,335,627 |  |
(1) Represents the loans receivable balance at December 31, 2023 which was converted from a revolving loan to a non-revolving amortizing loan during the year ended December 31, 2023 The following tables present the gross charge-offs by loan class and origination year, for the periods indicated:
| Year Ended December 31, 2024
| Current Period Gross Charge-offs by Origination Year |  | Revolving Loans |  |  |  | Total Gross Charge-Offs
| 2024 |  | 2023 |  | 2022 |  | 2021 |  | 2020 |  | Prior |  |  |  |
| (Dollars in thousands)
Commercial business | $ | — |  |  | $ | 313 |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |  |  | $ | 2,636 |  |  | $ | — |  |  |  |  | $ | 2,953 |
Consumer | — |  |  | 6 |  |  | 22 |  |  | — |  |  | 11 |  |  | 168 |  |  | 331 |  |  |  |  | 538 |
Total | $ | — |  |  | $ | 319 |  |  | $ | 22 |  |  | $ | — |  |  | $ | 15 |  |  | $ | 2,804 |  |  | $ | 331 |  |  |  |  | $ | 3,491 |
| Year Ended December 31, 2023
| Current Period Gross Charge-offs by Origination Year |  | Revolving Loans |  |  |  | Total Gross Charge-Offs
| 2023 |  | 2022 |  | 2021 |  | 2020 |  | 2019 |  | Prior |  |  |  |
| (Dollars in thousands)
Commercial business | $ | — |  |  | $ | — |  |  | $ | 254 |  |  | $ | 323 |  |  | $ | 27 |  |  | $ | 115 |  |  | $ | — |  |  |  |  | $ | 719 |
Consumer | 7 |  |  | 10 |  |  | 30 |  |  | 29 |  |  | 106 |  |  | 152 |  |  | 252 |  |  |  |  | 586 |
Total | $ | 7 |  |  | $ | 10 |  |  | $ | 284 |  |  | $ | 352 |  |  | $ | 133 |  |  | $ | 267 |  |  | $ | 252 |  |  |  |  | $ | 1,305 |
Summary of Amortized Cost of Nonaccrual Loans | The following tables present the amortized cost of nonaccrual loans at the dates indicated:
| December 31, 2024
| Nonaccrual without ACL |  | Nonaccrual with ACL |  | Total Nonaccrual
| (Dollars in thousands)
Commercial business: |  |  |  |  |
Commercial and industrial | $ | 1,002 |  |  | $ | 667 |  |  | $ | 1,669 |
Owner-occupied CRE | 2,250 |  |  | — |  |  | 2,250 |
Total commercial business | 3,252 |  |  | 667 |  |  | 3,919 |
Consumer | 160 |  |  | — |  |  | 160 |
Total | $ | 3,412 |  |  | $ | 667 |  |  | $ | 4,079 |
| December 31, 2023 |  |
| Nonaccrual without ACL |  | Nonaccrual with ACL |  | Total Nonaccrual |  |
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |
Commercial and industrial | $ | 1,706 |  |  | $ | 2,557 |  |  | $ | 4,263 |  |  |
Owner-occupied CRE | — |  |  | 205 |  |  | 205 |  |  |
Total | $ | 1,706 |  |  | $ | 2,762 |  |  | $ | 4,468 |  |  |
The following table presents the reversal of interest income on loans due to the write-off of accrued interest receivable upon the initial classification of loans as nonaccrual loans and the interest income recognized due to payment in full or sale of previously classified nonaccrual loans during the following periods:
| Year Ended December 31, 2024 |  | Year Ended December 31, 2023 |  |
| Interest Income Reversed |  | Interest Income Recognized |  | Interest Income Reversed |  | Interest Income Recognized |  |  |  |
| (Dollars in thousands)
Commercial business: |  |  |  |  |  |  |  |  |  |  |
Commercial and industrial | $ | (27) |  |  | $ | 461 |  |  | $ | (61) |  |  | $ | 347 |  |  |  |  |
Owner-occupied CRE | (28) |  |  | 144 |  |  | — |  |  | — |  |  |  |  |
Total commercial business | (55) |  |  | 605 |  |  | (61) |  |  | 347 |  |  |  |  |
Consumer | (5) |  |  | — |  |  | — |  |  | — |  |  |  |  |
Total | $ | (60) |  |  | $ | 605 |  |  | $ | (61) |  |  | $ | 347 |  |  |  |  |
Summary of Amortized Cost of Past Due Loans | The following tables present the amortized cost of past due loans at the dates indicated:
| December 31, 2024
| 30-89 Days |  | 90 Days or Greater |  | Total Past Due |  | Current |  | Loans Receivable
| (Dollars in thousands)
Commercial business:
Commercial and industrial | $ | 659 |  |  | $ | 2,471 |  |  | $ | 3,130 |  |  | $ | 839,542 |  |  | $ | 842,672 |
Owner-occupied CRE | 1,426 |  |  | — |  |  | 1,426 |  |  | 1,001,817 |  |  | 1,003,243 |
Non-owner occupied CRE | — |  |  | — |  |  | — |  |  | 1,909,107 |  |  | 1,909,107 |
Total commercial business | 2,085 |  |  | 2,471 |  |  | 4,556 |  |  | 3,750,466 |  |  | 3,755,022 |
Residential real estate | 832 |  |  | — |  |  | 832 |  |  | 402,122 |  |  | 402,954 |
Real estate construction and land development:
Residential | — |  |  | — |  |  | — |  |  | 83,890 |  |  | 83,890 |
Commercial and multifamily | — |  |  | — |  |  | — |  |  | 395,553 |  |  | 395,553 |
Total real estate construction and land development | — |  |  | — |  |  | — |  |  | 479,443 |  |  | 479,443 |
Consumer | 339 |  |  | 160 |  |  | 499 |  |  | 164,205 |  |  | 164,704 |
Total | $ | 3,256 |  |  | $ | 2,631 |  |  | $ | 5,887 |  |  | $ | 4,796,236 |  |  | $ | 4,802,123 |
| December 31, 2023
| 30-89 Days |  | 90 Days or Greater |  | Total Past Due |  | Current |  | Loans Receivable
| (Dollars in thousands)
Commercial business:
Commercial and industrial | $ | 2,289 |  |  | $ | 3,857 |  |  | $ | 6,146 |  |  | $ | 712,145 |  |  | $ | 718,291 |
Owner-occupied CRE | — |  |  | 189 |  |  | 189 |  |  | 958,431 |  |  | 958,620 |
Non-owner occupied CRE | 1,489 |  |  | — |  |  | 1,489 |  |  | 1,696,085 |  |  | 1,697,574 |
Total commercial business | 3,778 |  |  | 4,046 |  |  | 7,824 |  |  | 3,366,661 |  |  | 3,374,485 |
Residential real estate | 162 |  |  | — |  |  | 162 |  |  | 375,180 |  |  | 375,342 |
| December 31, 2023
| 30-89 Days |  | 90 Days or Greater |  | Total Past Due |  | Current |  | Loans Receivable
| (Dollars in thousands)
Real estate construction and land development:
Residential | — |  |  | 319 |  |  | 319 |  |  | 78,291 |  |  | 78,610 |
Commercial and multifamily | — |  |  | — |  |  | — |  |  | 335,819 |  |  | 335,819 |
Total real estate construction and land development | — |  |  | 319 |  |  | 319 |  |  | 414,110 |  |  | 414,429 |
Consumer | 615 |  |  | 87 |  |  | 702 |  |  | 170,669 |  |  | 171,371 |
Total | $ | 4,555 |  |  | $ | 4,452 |  |  | $ | 9,007 |  |  | $ | 4,326,620 |  |  | $ | 4,335,627 |
The following table present loans 90 days or more past due and still accruing interest:
| December 31, 2024 |  | December 31, 2023
| (Dollars in thousands)
Commercial business: |  |  |
Commercial and industrial | $ | 1,195 |  |  | $ | 887 |
Total commercial business | 1,195 |  |  | 887 |
Real estate construction and land development: |  |  |
Residential | — |  |  | 319 |
Total real estate construction and land development | — |  |  | 319 |
Consumer | — |  |  | 87 |
Total | $ | 1,195 |  |  | $ | 1,293 |
Schedule of Collateral Dependent Loans | The following tables present the type of collateral securing loans individually evaluated for credit losses and for which the repayment was expected to be provided substantially through the operation or sale of the collateral at the dates indicated, with b alances representing the amortized cost of the loan classified by the primary collateral category of each loan if multiple collateral sources secure the loan:
| December 31, 2024
| CRE |  | Farmland |  | Residential Real Estate |  | Equipment |  | Total
| (Dollars in thousands)
Commercial business:
Commercial and industrial | $ | — |  |  | $ | 389 |  |  | $ | 613 |  |  | $ | — |  |  | $ | 1,002 |
Owner-occupied CRE | 2,250 |  |  | — |  |  | — |  |  | — |  |  | 2,250 |
Total commercial business | 2,250 |  |  | 389 |  |  | 613 |  |  | — |  |  | 3,252 |
Consumer | — |  |  | — |  |  | 160 |  |  | — |  |  | 160 |
Total | $ | 2,250 |  |  | $ | 389 |  |  | $ | 773 |  |  | $ | — |  |  | $ | 3,412 |
| December 31, 2023
| CRE |  | Farmland |  | Residential Real Estate |  | Equipment |  | Total
| (Dollars in thousands)
Commercial business:
Commercial and industrial | $ | 260 |  |  | $ | 389 |  |  | $ | 621 |  |  | $ | 304 |  |  | $ | 1,574 |
Owner-occupied CRE | 189 |  |  | — |  |  | — |  |  | — |  |  | 189 |
Total commercial business | 449 |  |  | 389 |  |  | 621 |  |  | 304 |  |  | 1,763 |
Total | $ | 449 |  |  | $ | 389 |  |  | $ | 621 |  |  | $ | 304 |  |  | $ | 1,763 |
Schedule of Loan Modifications | The following tables present amortized cost of loans that were experiencing both financial difficulty and modified during the periods indicated:
|  |  | Year Ended December 31, 2024
|  |  | Term Extension |  |  |  |  |  | Term Extension & Int. Rate Reduction |  | Total Modified Loans |  | % of Modified Loans to Loans Receivable, net
|  |  | (Dollars in thousands)
Commercial business:
Commercial and industrial |  |  | $ | 20,962 |  |  |  |  |  |  | $ | 200 |  |  | $ | 21,162 |  |  | 2.51 | %
Total commercial business |  |  | 20,962 |  |  |  |  |  |  | 200 |  |  | 21,162 |  |  | 0.56 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | 6,750 |  |  |  |  |  |  | — |  |  | 6,750 |  |  | 8.05 |
Commercial and multifamily |  |  | 5,655 |  |  |  |  |  |  | 15,625 |  |  | 21,280 |  |  | 5.38 |
Total real estate construction and land development |  |  | 12,405 |  |  |  |  |  |  | 15,625 |  |  | 28,030 |  |  | 5.85 |
Consumer |  |  | 44 |  |  |  |  |  |  | — |  |  | 44 |  |  | 0.03 |
Total |  |  | $ | 33,411 |  |  |  |  |  |  | $ | 15,825 |  |  | $ | 49,236 |  |  | 1.03 | %
|  |  | Year Ended December 31, 2023
|  |  | Term Extension |  |  |  |  |  | Term Extension & Int. Rate Reduction |  | Total Modified Loans |  | % of Modified Loans to Loans Receivable, net
|  |  | (Dollars in thousands)
Commercial business:
Commercial and industrial |  |  | $ | 16,822 |  |  |  |  |  |  | $ | — |  |  | $ | 16,822 |  |  | 2.34 | %
Owner-occupied CRE |  |  | 209 |  |  |  |  |  |  | — |  |  | 209 |  |  | 0.02 |
Non-owner occupied CRE |  |  | 2,701 |  |  |  |  |  |  | 237 |  |  | 2,938 |  |  | 0.17 |
Total commercial business |  |  | 19,732 |  |  |  |  |  |  | 237 |  |  | 19,969 |  |  | 0.59 |
Real estate construction and land development: |  |  |  |  |  |  |  |  |  |  |  |  |
Residential |  |  | 5,866 |  |  |  |  |  |  | — |  |  | 5,866 |  |  | 7.46 |
Commercial and multifamily |  |  | 3,777 |  |  |  |  |  |  | — |  |  | 3,777 |  |  | 1.12 |
Total real estate construction and land development |  |  | 9,643 |  |  |  |  |  |  | — |  |  | 9,643 |  |  | 2.33 |
Consumer |  |  | 26 |  |  |  |  |  |  | 15 |  |  | 41 |  |  | 0.02 |
Total |  |  | $ | 29,401 |  |  |  |  |  |  | $ | 252 |  |  | $ | 29,653 |  |  | 0.68 | %
The following tables present the financial effect of the loan modifications presented in the preceding table during the periods indicated:
|  |  | Year Ended December 31, 2024
|  |  | Weighted Average % of Interest Rate Reductions |  | Weighted Average Years of Term Extensions
Commercial business: |  |  |  |  |
Commercial and industrial |  |  | 1.10 | % |  | 0.85
Total commercial business |  |  | 1.10 |  |  | 0.85
Real estate construction and land development: |  |  |  |  |
Residential |  |  | — |  |  | 0.17
Commercial and multifamily |  |  | 1.50 |  |  | 1.25
Total real estate construction and land development |  |  | 1.50 |  |  | 0.99
Consumer |  |  | — |  |  | 1.78
Total |  |  | 1.50 | % |  | 0.93
|  |  | Year Ended December 31, 2023
|  |  | Weighted Average % of Interest Rate Reductions |  | Weighted Average Years of Term Extensions
Commercial business: |  |  |  |  |
Commercial and industrial |  |  | — | % |  | 0.48
Owner-occupied CRE |  |  | — |  |  | 0.75
Non-owner occupied CRE |  |  | 3.00 |  |  | 1.09
Total commercial business |  |  | 3.00 |  |  | 0.57
Real estate construction and land development: |  |  |  |  |
Residential |  |  | — |  |  | 0.57
Commercial and multifamily |  |  | — |  |  | 0.83
Total real estate construction and land development |  |  | — |  |  | 0.67
Consumer |  |  | 1.00 |  |  | 2.64
Total |  |  | 3.00 | % |  | 0.61
Summary of Related Party Activity Loans | The following table presents the activity in related party loans during the periods indicated:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (Dollars in thousands)
Balance outstanding at the beginning of year | $ | 6,749 |  |  | $ | 6,879 |  |  | $ | 7,122 |
Principal additions | — |  |  | 122 |  |  | — |
Principal reductions | (289) |  |  | (252) |  |  | (243) |
Balance outstanding at the end of year | $ | 6,460 |  |  | $ | 6,749 |  |  | $ | 6,879 |
Summary of Loans Serviced | The following table presents the details of loans serviced for others at the dates indicated:
| December 31, 2024 |  | December 31, 2023
| (Dollars in thousands)
Loans serviced for others with participating interest, gross loan balance | $ | 5,663 |  |  | $ | 11,715 |
Loans serviced for others with participating interest, participation balance owned by Company (1) | 1,110 |  |  | 2,466 |
(1) Included in the balance of "Loans receivable" in the Consolidated Statements of Financial Condition.

X
- Definition Amortized Cost of Collateral Dependent Loans By Class + References No definition available. + Details
Name: | hfwa_AmortizedCostOfCollateralDependentLoansByClassTableTextBlock
Namespace Prefix: | hfwa_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-29 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-5 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7A Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-14 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 80 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479294/326-20-55-80 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable on nonaccrual status. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-7 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-16 + Details
Name: | us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity in the balance of servicing assets subsequently measured at amortized cost. Includes, but is not limited to, beginning and ending balances, additions, disposals, and amortization. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 860 -SubTopic 50 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481229/860-50-50-4 + Details
Name: | us-gaap_ScheduleOfServicingAssetsAtAmortizedValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable modified for debtor experiencing financial difficulty. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-34 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 33 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-33 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147481933/310-10-55-12A Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-42 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481962/310-10-50-42 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration