XML 149 R151.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Heritage Financial Corporation (Parent Company Only) - Condensed Statements of Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities:                      
Net income $ 17,126 $ 17,895 $ 15,984 $ 16,552 $ 16,609 $ 15,504 $ 11,857 $ 9,087 $ 67,557 $ 53,057 $ 41,791
Adjustments to reconcile net income to net cash provided by operating activities:                      
Stock-based compensation expense                 3,231 2,744 2,103
Net cash provided by operating activities                 87,614 82,447 73,513
Cash flows from investing activities:                      
Net cash received from acquisitions                 0 105,974 0
Net cash used in investing activities                 (120,426) (101,634) (241,394)
Cash flows from financing activities:                      
Common stock cash dividends paid                 (30,908) (25,791) (18,305)
Proceeds from exercise of stock options                 58 133 164
Repurchase of common stock                 (8,636) (1,704) (737)
Net cash provided by financing activities                 99,470 78,082 167,151
Net increase (decrease) in cash and cash equivalents                 66,658 58,895 (730)
Parent Company                      
Cash flows from operating activities:                      
Net income                 67,557 53,057 41,791
Adjustments to reconcile net income to net cash provided by operating activities:                      
Equity in undistributed income of subsidiary bank                 (25,186) (29,258) (21,755)
Stock-based compensation expense                 3,231 2,744 2,103
Net change in other assets and liabilities                 763 1,735 (1,925)
Net cash provided by operating activities                 46,365 28,278 20,214
Cash flows from investing activities:                      
Net cash received from acquisitions                 0 1,782 0
Net cash used in investing activities                 0 1,782 0
Cash flows from financing activities:                      
Common stock cash dividends paid                 (30,908) (25,791) (18,305)
Proceeds from exercise of stock options                 58 133 164
Repurchase of common stock                 (8,636) (1,704) (737)
Net cash provided by financing activities                 (39,486) (27,362) (18,878)
Net increase (decrease) in cash and cash equivalents                 6,879 2,698 1,336
Cash and cash equivalents at the beginning of year       $ 14,602       $ 11,904 14,602 11,904 10,568
Cash and cash equivalents at the end of year $ 21,481       $ 14,602       21,481 14,602 11,904
Supplemental non-cash disclosures of cash flow information:                      
Common stock issued for business combinations                 0 230,043 0
Capital contribution of net assets acquired in business combinations to Bank                 $ 0 $ 228,261 $ 0