11潛在增長機會-從標普全球市場情報獲得的地圖。-銀行總部的某些位置在地圖上重疊。-截至最近一個季度的公開財務信息。·建立PNW地區性商業社區銀行的長期目標;除西澳外,在OR和ID還有併購和生產團隊提升的潛在機會。·HFWA被定位為太平洋西北部地區的首選收購方。·大量銀行仍留在HFWA的足跡內;預計將進一步整合。-12家資產在2億至5億美元之間的銀行-18家資產在5億至10億美元之間的銀行-15家資產在10億至35億美元之間的銀行·財務參數包括15%的內部回報率和年利率
12完成兩筆FDIC交易皮爾斯商業銀行資產2.11億美元考利茨銀行3.45億美元資產收購Puget Sound Bancorp$6.39億資產Premier Commercial Bancorp$4.40億資產$1,015$812$1,369$1,346$1,340$1,712$3,651$3,879$4,113$4,238$5,553$6,615$7,432$7,484$7,316$556$319$1,747$1,079$12.21$12.99$13.10$13.16$13.31$15.02$15.68$16.68$22.40$22.94$12.16$12.16$12.23$11.23$11.40$10.73$11.41$11.86$12.12$15.07$15.77$17.19$16.27$15.83$13.74$14.78$15.08$16.92$17.25$17.59有機收購資產每股賬面價值(GAAP)每股有形賬面價值(非GAAP)每股有形賬面價值,不包括AOCI(非GAAP)2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 2022 Q2 2022 Q2 2022歷史增長有機和收購性合併與華盛頓銀行公司合併收購的硅谷社區銀行股份資產2.54億美元資產西北商業銀行6500萬美元資產-非GAAP財務指標的計算請參閲附錄。-百萬美元,每股除外。-累計其他全面收益或虧損(AOCI)-每股有形賬面價值,不包括AOCI,約為2018年前期間的每股有形賬面價值。16.88美元
13存款市場份額華盛頓和俄勒岡2008年華盛頓和俄勒岡2013年華盛頓和俄勒岡-2021年存款市場份額排名機構(州)市場份額存款排名機構(州)市場份額存款1美國銀行(北卡羅來納州)$32,880,496 20.36%1美國銀行(北卡羅來納州)$34,290,015 19.44%1美國銀行(北卡羅來納州)$61,116,155 18.10%2美國銀行(MN)18,200,191 11.27%2美國銀行(MN)24,912,2美國銀行(MN)45,768,910 13.55%3華盛頓互惠銀行(西澳)18,044,059 11.17%3富國銀行(加州)22,985,222 13.03%3摩根大通(紐約)42,247,914 12.51%4富國銀行(加州)13,983,430 8.66%4摩根大通(紐約)15,638,062 8.87%4富國銀行(CA)41,397,689 12.26%5 KeyCorp(OH)11,282,327 6.99%5 KeyCorp(OH)11,805,664 6.69%5 KeyCorp(OH)23,612,824 6.99%6 Sterling Financial Corp.(WA)6,314,532 3.91%6 Washington Federal Inc.(WA)6,216,841 3.52%6 Umpqua Holdings Corporation(OR)17,093,442 5.06%7 Washington Federal Inc.(WA)4,697,167 2.91%7 Columbia Banking System Inc.(WA)5840,021 3.31%7哥倫比亞銀行系統公司(WA)14,544,320 4.31%8 Umpqua Holdings Corp.(OR)3,683,451 2.28%8 Umpqua Holdings Corp.(OR)5,499,385 3.12%8 Banner Corporation(WA)10,483,137 3.10%9 Banner Corp.(WA)3,511,650 2.17%9 Sterling Financial Corp.(WA)5,203,136 2.95%9 Washington Federal,Inc.10Frontier Financial Corp.(WA)3,303,562 2.05%10 Mitsubishi UFJ Financial Group 3,474,540 1.97%10 W.T.B.Financial Corporation(WA)7,858,982 2.33%11哥倫比亞銀行系統公司(WA)2,401,217 1.49%11 Banner Corp.(WA)3,255,301 1.85%11 Heritage Financial Corporation(WA)6,083,484 1.80%12 W.T.B.Financial Corp.(WA)2,401,217 1.49%11 Heritage Financial Corporation(WA)6,083,484 1.80%12 W.T.B.Financial Corp.(WA)2,401,217 1.49%11 Heritage Financial Corporation(WA)3,255,301 1.85%11 Heritage Financial Corporation(WA)6,083,484 1.80%12 W.T.B.Financial Corp.(WA)2,401,217 1.49%11 Heritage Financial Corporation(WA)6,083,484 1.80%12 W.T.B.Financial Corp.(WA)2,401,217 1.49%11 Heritage Corp.(WA)3,255,301 1.85%11 Heritage Financial Corporation(12 W.T.B.Financial Corp.(西澳)3,180,411 1.80%12 HomeStreet,Inc.(西澳)4,262, 425 1.26%13西海岸銀行(OR)2,082,385 1.29%13 HomeStreet Inc.(WA)1,612,978 0.91%13第一州際銀行系統(MT)3,422,135 1.01%14 HomeStreet Inc.(WA)1,268,125 0.79%14 SKBHC Holdings LLC(WA)1,550,759 0.88%14法國巴黎銀行3,167,645 0.94%15下跌銀行(OR)1,142,15華盛頓銀行1,410,804 0.80%15三菱UFJ金融集團2,825,816 0.84%16 American anWest Bancorp(西澳)1,100,332 0.68%16亞基馬聯邦物流協會。(西澳)1,402,048 0.79%16 People Bancorp(西澳)2,387,119 0.71%17 Horizon Financial Corp.(西澳)1,097,107 0.68%17法國巴黎銀行1,314,955 0.75%17 FS Bancorp,Inc.(西澳)1,892,926 0.56%18 Yakima Federal S&L Assoc.(西澳)1,094,393 0.68%18傳統金融公司(西澳)1,227,045 0.70%18羊絨谷銀行(西澳)1,872,322 0.55%19法國巴黎銀行1,001,691 0.62%19人民銀行(西澳)1,119,301 0.63%19沿海金融公司(西澳)1,119,367 0.53%20下跌金融公司(西澳)993,356 0.62%20山羊谷銀行(西澳)1,094,353 0.62%20滙豐控股1,691344 0.50%21 City Bank(WA)955,179 0.59%21 Pacific Continental Corp.(OR)1,074,590 0.61%21 First Republic Bank(CA)1,628,909 0.48%22 Columbia Bancorp(OR)939,992 0.58%22 Opus Bank(CA)968,148 0.55%22 East West Bancorp,Inc.(CA)1,563,575 0.46%23 Venture Financial Group Inc.(WA)916,882 0.57%23 East West Bancorp Inc.(CA)924,Zion Bancorporation(UT)1,527,609 0.45%24 First Financial Northwest Inc.(WA)867,502 0.54%24奧林匹克銀行(WA)807,112 0.46%24 Timberland Bancorp,Inc.(WA)1,522,879 0.45%25 People Bancorp(WA)845,949 0.52%25滙豐控股801,732 0.45%25 Yakima Federal S&L Association(WA)1,4954500.44%26羊絨谷金融公司(西澳)841,611 0.52%26下跌銀行(或)799,971 0.45%26第一西北銀行(西澳)1,472,533 0.44%27傳統金融公司(西澳)802, 020 0.50%27 Zion Bancorp。NA(UT)774,168 0.44%27奧林匹克銀行(WA)1,437,456 0.43%28 Liberty Financial Group Inc.(或)778,222 0.48%28 Skagit Bancorp Inc.(WA)666,659 0.38%28 Riverview Bancorp,Inc.(WA)1,423,933 0.42%29 Washington Banking Co.(WA)733,643 0.45%29 Riverview Bancorp Inc.(WA)660,249 0.37%29 First Financial Northwest,Inc.(WA)660,249 0.37%29 First Financial Northwest,Inc.(WA)660,249 0.37%29 First Financial Northwest,Inc.(WA)1,423,933 0.42%29華盛頓銀行(WA)733,643 0.45%29 Riverview Bancorp Inc.(WA)660,249 0.37%29 First Financial Northwest,Inc.153,830 0.34%30第一指數。30太平洋金融公司(WA)1,144,452 0.34%太平洋大陸公司(OR)676,993 0.42%31 First FED。S&L協會。洛杉磯港(WA)598,820 0.34%31 Pacific Premier Bancorp,Inc.(CA)934,222 0.28%32 PremierWest Bancorp(OR)664,006 0.41%32 Timberland Bancorp Inc.(WA)596,187 0.34%32 Glacier Bancorp,Inc.(MT)898,509 0.27%33 Riverview Bancorp Inc.(WA)630,220 0.39%33 Pacific Financial Corp.(WA)591,430 0.34%33 Citizens Bancorp(OR)893,Baker Boyer Bancorp(WA)467,717 0.27%34 Sound Financial Bancorp,Inc.(WA)814,055 0.24%35 Zion BancorpNA(UT)571,565 0.35%35奧林匹亞聯邦儲貸協會(WA)464,913 0.26%35頂峯銀行集團(Or)728,073 0.22%36惠特曼銀行(華盛頓)527,546 0.33%36 Home Federal Bancorp Inc.(ID)451,386 0.26%36 First Citizens BancShares,Inc.(NC)720,949 0.21%37華盛頓第一金融集團(WA)514,572 0.32%37 First Citizens BancShares Inc.(NC)415,562 0.24%37人民商業銀行(OR)712,979 0.21%38 First Fed。S&L協會。洛杉磯港(WA)495,891 0.31%38 Citizens Bancorp(OR)404,324 0.23%38 Baker Boyer Bancorp(WA)688,811 0.20%39 Skagit Bancorp Inc.(WA)486,490 0.30%39 Coastal Financial Corp.(WA)349,343 0.20%39奧林匹亞聯邦儲貸協會(WA)673,112 0.20%40 Timberland Bancorp Inc.(WA)480, 261 0.30%40長榮聯邦銀行(OR)335,918 0.19%40 BEO Bancorp(OR)661,989 0.20%機構市場上機構總計161,492,273機構市場上機構總數176,371,225機構市場上83家機構中,148家機構中的337,661,736美元-從標普全球市場情報獲得的截至6月30日的數據顯示,截至今年6月30日,148家機構中的337,661,736美元。
財務最新消息
15財務更新-2022年第二季度·2022年第二季度淨收入為1860萬美元,或每股稀釋後收益0.52美元,而2022年第一季度為1980萬美元,或每股稀釋後收益0.56美元,2021年第二季度為3270萬美元,或每股稀釋後收益0.90美元。·2022年第二季度,應收貸款增長5290萬美元,增長1.4%(摺合成年率5.6%);不包括SBA PPP償還的5360萬美元,應收貸款增長1.065億美元,增長2.8%(摺合成年率11.2%)。·擴大了我們在波特蘭-温哥華MSA的現有業務,並通過聘用四個經驗豐富的銀行團隊,包括商業關係經理、存款關係經理、支持人員和領導層,獲得了進入俄勒岡州尤金市場的重要機會。·2022年第二季度的淨息差從2022年第一季度的2.84%增加到3.04%。·截至2022年6月30日,不良資產佔總資產的比例降至0.14%,而2022年3月31日和2021年12月31日分別為0.22%和0.32%。·2022年第二季度,按年率計算,非利息支出佔平均總資產的比例為1.94%,而2022年第一季度和2021年第二季度分別為1.95%和2.06%。·於2022年7月20日宣佈定期現金股息為每股普通股0.21美元。
16元3,669元4,336元4,181元3,793元4,403元4,006元3,836元3,773元3,812 5.17%4.44%4.54%4.36%4.34%4.18%4.62%4.64%4.42%4.41%4.30%4.51%4.26%4.13%4.20%4.15%平均貸款收益率SBA PPP(非GAAP)2019 2020 2021 2022 YTD Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022商業和工業平均貸款餘額和貸款收益率18.0%SBA PPP 0.3%業主自住CRE 24.6%非業主自住CRE 39.1%住宅房地產6.9%建設和土地開發5.6%消費者5.5%貸款組合當前季度貸款組合貸款組合重新定價時間表(不包括SBA PPP貸款)35.7%33.9%30.6%28.6%26.0%22.0%20.3%21.3%22.4%23.9%42.3%45.8%48.1%49.0%50.1%固定利率浮動(3個月重新定價)2019 2020 2021 Q1 2022 Q2 2022-貸款收益率計算納入應收貸款的平均餘額,淨額和待售貸款。-非公認會計準則財務計量的計算見附錄。-百萬美元。4.62%
17 LOAN PORTFOLIO COMPOSITION $3,768 $4,469 $3,816 $3,821 $3,874 $852 $733 $622 $652 $699 $805 $857 $931 $936 $951 $1,289 $1,410 $1,493 $1,505 $1,516 $132 $123 $165 $223 $265 $275 $306 $227 $222 $219$415 $325 $232 $218 $213 $715 $146 Commercial & industrial Owner-occupied CRE Non-owner occupied CRE Residential real estate Construction & land development Consumer SBA PPP 2019 2020 2021 Q1 2022 Q2 2022 – Dollars in millions.
18新承諾$23$30$23$22$43$22$27$45$75$62$152$271$329$224$284$27不包括消費性住宅商業SBA PPP SBA PPP Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022貸款生產-以百萬美元為單位。-2022年第一季度和第二季度產生的住宅承諾分別包括4200萬美元和2700萬美元的購買貸款。
19貸款額度(LOC)使用率35.06%25.62%25.17%28.53%30.90%36.28%32.91%31.33%31.34%31.30%45.73%63.96%46.66%47.48%45.62%使用率-建築業LOC使用率-消費者LOC使用率-商業和工業貸款LOC 2019 2020 2021 Q1 2022 Q2 2022
20應收貸款變動$3,821,178$(53,628)$242,427$(138,808)$(7,000)$9,895$3,874,064 2022年3月31日應收貸款購買力平價貸款產生的預付款到期日/還款淨墊款/付款2022年6月30日應收貸款$3,815,662$(83,685)$226,003$(144,789)$(19,814)$27,801$3,821,178 2021年3月31日PPP貸款產生的預付款淨預付款/付款貸款2022年3月31日應收貸款變化-2022年第一季度貸款變化
21商業貸款風險敞口按行業風險敞口行業劃分商業商業貸款2021年12月31日保證金2022年3月31日保證金2022年6月30日房地產保證金,租金和租賃$1,601,076 4.42 4.41 4.39醫療保健和社會援助331,555 4.52 4.53 4.49住宿和飲食服務179,457 6.26 6.08 5.99零售業157,955 4.58 4.47 4.46建築業157,101 4.62 4.63 4.60其他服務(公共行政除外)104,144 4.65 4.58 4.56製造業96,379 5.05 5.03 5.02所有其他行業537,656 4.50 4.48 4.41合計3,165,323 4.60 4.58 4.53按抵押品類型抵押品類型擔保金額擔保於2022年3月31日擔保金額擔保於2022年6月30日擔保辦公室$553,351 4.34 4.34 4.30工業369,307 4.39 4.40 4.42零售店/購物中心272,526 4.62 4.59 4.58多户220,061 4.32 4.29 4.26混合用途物業167,064 4.66 4.62 4.59汽車旅館/酒店144,319 6.09 5.94 5.83單一用途117,406 4.28 4.26 4.59倉庫135,455 4.574.57 4.52迷你貯物149,297 4.78 4.59 4.22康樂/學校71,321 5.06 4.98 4.85其他266,388 4.66 4.68 4.67總計2,466,495 4.59 4.57 4.53-以NAICS代碼分類-不包括SBA PPP貸款。-WARR=加權平均風險評級。寫字樓22.4%工業15.0%零售商店/購物中心11.0%多户8.9%混合用途物業6.8%汽車旅館/酒店5.9%單一用途4.8%倉庫5.5%迷你倉儲6.1%娛樂/學校2.9%其他10.7%房地產和租賃50.6%醫療保健和社會救助10.5%住宿和飲食服務5.7%零售業5.0%建築業5.0%其他服務業(不包括公共行政部門)3.3%製造業3.0%所有其他行業16.9%
22個加強監測的高風險行業--按NAICS代碼分類,不包括SBA PPP貸款。酒店及其他住宿、餐廳及其他餐飲服務康樂及健身相關活動攤銷成本$126,749$52,503$25,591%應收貸款,不包括SBA PPP 3.3%1.4%0.7%無資金承諾額$10,046$7,071$2,451%以房地產作抵押92.9%67.9%63.2%加權平均風險評級6.26 5.34 4.94平均非零餘額貸款規模$3,841$362$985列為非應計項目$-$5,423$-分類為履行TDR的攤銷成本$26,482$1,320$868貸款的攤銷成本$57,510$9,325$4,015
23 $45,366 $58,092 $23,754 $16,527 $10,475 Nonaccrual loans OREO Nonperforming assets to total assets 2019 2020 2021 Q1 2022 Q2 2022 0.82% 0.88% 0.32% 0.22% 0.14% NONPERFORMING ASSETS $841 0.09% 0.07% 0.01% (0.03)% (0.01)% 0.04% 0.05% (0.05)% —% Net charge-offs (recoveries) on loans to average loans, annualized 2019 2020 2021 2022 YTD Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022
24批評貸款$142,796$290,551$183,470$174,569$166,481$44,525$58,092$23,754$16,527$10,475$49,412$100,423$88,696$94,773$83,944$48,859$132,036$71,020$63,269$72,062不合標準-應計特別提及2019 2020 2020 2021 Q1 2022 Q2 2022按抵押品類型批評的貸款商業和工業貸款22.1%非業主自住商業和工業CRE 48.4%住宅房地產開發貸款4.8%被貸款細分市場批評的貸款8.0%零售商店/購物中心6.8%混合用途物業5.2老年人護理5.1%農場5.0%輔助生活3.5%餐飲業3.0%工業2.8%倉庫2.5%其他CRE 5.8%非CRE 16.9%
25-非公認會計準則財務計量的計算見附錄。$36,171$70,185$42,361$40,333$39,696貸款的ACL($)貸款/貸款的ACL(%)貸款/貸款的ACL不包括SBA PPP(非GAAP)(%)2019 2020 2021 Q1 2022 Q2 2022 0.96%1.57%1.11%1.06%1.02%1.87%1.15%1.07%1.03%貸款信貸損失撥備
26 $4,461 $5,298 $6,090 $6,398 $6,071 $6,170 $6,374 $6,409 $6,391 0.37% 0.23% 0.10% 0.09% 0.10% 0.09% 0.09% 0.09% 0.09% Average deposits Cost of total deposits 2019 2020 2021 2022 YTD Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Deposit Composition DEPOSITS Deposit Balances and Cost of Total Deposits 31.8% 35.5% 36.7% 36.9% 36.7% 29.3% 30.6% 30.4% 31.1% 31.3% 16.4% 17.2% 17.5% 16.9% 16.8% 11.1% 9.6% 10.0% 10.0% 10.3% 11.4% 7.1% 5.4% 5.1% 4.9% Noninterest demand deposits Interest bearing demand deposits Money market accounts Savings accounts Certificates of deposit 2019 2020 2021 Q1 2022 Q2 2022 – Dollars in millions.
27$952$802$1,278$1,803$1,050$1,073$1,278$1,462$1,803$243$153$757$717$223$100$268$290$427 2.75%2.40%2.13%2.06%2.09%2.13%2.12%1.96%2.15%投資組合收益率2019 2020 2021 2022 YTD Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022投資組合投資組合(按公允價值計算)美國政府和機構市政證券11.4%住宅CMO和MBS 31.6%商業CMO和企業MBS 44.2%債務0.3%其他資產支持證券1.4%3.15 2.69 4.85 5.28 4.22 4.35 4.85 5.52 5.28 3.59 5.64 6.76 4.18 6.68 7.94 5.20 4.51 3.96期限-僅2019 2020 2021 2022 YTD Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022投資組合期限·強勁的信用質量,92%的投資組合投資於美國政府和機構證券或AAA評級·99%的投資組合評級為AA或更好-以百萬美元計。
28 3.47%(0.48)%(0.31)%0.16%0.08%0.02%2.94%YTD Q2 2021年PPP貸款收益率投資計息存款YTD Q2 2022 4.22%3.63%3.23%2.94%3.44%3.15%2.85%2.84%3.04%4.12%3.57%3.18%2.91%3.41%3.11%2.83%2.81%3.02%NIM,不包括購買貸款(非GAAP)的增值2019 2020 2021 2022 YTD Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022淨息差-非GAAP財務指標的計算請參閲附錄。2.84%(0.07)%0.07%0.10%0.10%3.04%QTD Q1 2022 PPP貸款收益率投資計息存款計息負債QTD Q2 2022淨息差變化QTD Q2 2022與QTD Q1 2022淨息差變化YTD Q2 2022與YTD Q2 2021淨息差(GAAP)0.00%
29 2022年6月30日資產重新定價組成浮動利率(3個月重新定價)固定利率賺取利息的存款總額$900,380$-$900,380投資證券總額,公允價值122,517 9,906 1,614,477 1,746,900應收貸款(不包括SBA PPP)922,658 1,002,958 1,937,114 3,862,730生息資產總額1,945,555$1,0864$3,551,591美元6,510,010%生息資產總額29.9%15.6%54.6%無息資產總額806,457美元總資產7,316,467%總資產26.6%13.8%48.5%生息資產平均構成77.6%67.6%56.9%55.9%57.3%55.8%54.4%54.7%57.2%10.7%8.6%1.1%12.3%6.1%3.1%1.6%0.5%20.3%16.0%15.8%22.6%15.2%16.2%17.5%21.2%24.0%5.7%18.7%20.4%15.2%21.9%25.0%22.5%18.3%利息存款投資證券SBA PPP應收貸款,NET,不包括SBA PPP 2019 2020 2021 2022 YTD Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 2.1%
30 $67.6 $46.6 $98.0 $38.3 $85.4 $89.3 $91.1 $41.1 Net income (GAAP) PTPP income (non-GAAP) 2019 2020 2021 2022 YTD Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 $32.7 $20.6 $19.4 $19.8 $18.6 $26.2 $22.4 $19.3 $19.8 $21.4 PROFITABILITY TRENDS ROAE (GAAP) and ROATCE (non-GAAP) Noninterest Expense/Avg. Assets ROAA (GAAP) and PTPP ROAA (non-GAAP) 1.25% 0.74% 1.38% 1.04% 1.85% 1.13% 1.04% 1.08% 1.01% 1.58% 1.42% 1.28% 1.12% 1.48% 1.23% 1.03% 1.08% 1.16% ROAA (GAAP) PTPP ROAA (non-GAAP) 2019 2020 2021 2022 YTD Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 Net Income (GAAP) and PTPP Income (non- GAAP), in millions 13.35% 8.98% 17.05% 13.76% 22.94% 13.93% 13.27% 13.83% 13.68% 8.56% 5.78% 11.64% 9.33% 15.69% 9.55% 9.06% 9.47% 9.19% ROAE (GAAP) ROATCE (non-GAAP) 2019 2020 2021 2022 YTD Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 2.71% 2.37% 2.09% 1.94% 2.06% 2.04% 2.06% 1.95% 1.94% 2019 2020 2021 2022 YTD Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 – Refer to Appendix for calculation of non-GAAP financial measures. – ROAA - Return on average assets – PTPP - Pre-tax, pre-provision – ROAE - Return on average equity – ROATCE - Return on average tangible common equity
31 10.2%8.5%8.3%8.3%8.7%10.4%8.9%8.4%7.9%7.9%14.6%12.4%11.5%11.0%有形普通股權益(“TCE”)佔有形資產總額(非GAAP)TCE佔有形資產總額不包括AOCI(非GAAP)2019 2020 2021 Q1 2022 Q2 2022 12.8%14.0%14.8%14.7%14.4%10.0%10.0%10.0%10.0%10.0%2.8%4.0%4.8%4.7%4.4%資本充足的超額資本2019 2020 2021 Q1 2022 Q2 2022-當前季度比率為待完成和提交公司監管報告的估計。-非公認會計準則財務指標的計算見附錄。-資本充裕代表FDIC銀行資本充裕的比率門檻。一級槓桿和基於總風險的資本的最低資本比率要求分別為4.0%和8.0%。-根據銀行的資產和負債管理政策,經紀CD容量限制為總存款的15%。10.6%9.0%8.7%8.8%8.9%5.0%5.0%5.0%5.0%5.0%5.6%4.0%3.7%3.8%3.9%資本充裕的超額資本2019年2021年第一季度2022年第二季度資本和流動性來源基於風險的資本權益比率一級和二級流動性來源2022年6月30日現金和現金等價物994,055未擔保投資證券1,144,768聯邦住房抵押貸款和聯邦儲備銀行借款可用性1 185,786聯邦基金額度215,000經紀CD容量949,529總計4,489,138美元
股東回報
33 TOTAL SHAREHOLDER RETURN Stock Summary Ticker HFWA Exchange NASDAQ Stock price $25.94 Market capitalization (in millions) $910.6 Dividend yield (regular dividend only) 3.24% Average Daily Volume (3 month) Average daily volume (shares) 168,014 Average daily volume ($000s) $4,358 52-Week High and Low Price 52-week high (January 19, 2022) 27.45 52-week low (November 30, 2021) 20.95 Per Share Tangible book value per share $15.83 EPS - 2022E $2.02 EPS - 2023E $2.28 Number of research analysts 6 Valuation Ratios Price / Tangible book value 163.8% Price / 2022E EPS 12.8x Price / 2023E EPS 11.4x Dividends Per Share Declared $0.63 $0.50 $0.53 $0.72 $0.61 $0.72 $0.84 $0.80 $0.81 $0.08 $0.10 $0.11 $0.12 $0.15 $0.18 $0.20 $0.20 $0.21$0.08 $0.11 $0.12 $0.13 $0.15 $0.18 $0.20 $0.20 $0.21 $0.09 $0.11 $0.12 $0.13 $0.15 $0.19 $0.20 $0.20 $0.21 $0.09 $0.11 $0.12 $0.13 $0.17 $0.19 $0.20 $0.21 $0.16 $0.10 $0.25 $0.10 $0.10 $0.10 Q1 Q2 Q3 Q4 Special dividends 2014 2015 2016 2017 2018 2019 2020 2021 2022 Diluted Earnings Per Share – Market information as of July 6, 2022. – Dividend information as of July 21, 2022. $1.08 $0.79 $1.25 $1.30 $1.39 $1.49 $1.83 $1.29 $2.73 $0.16 $0.32 $0.30 $0.31 $0.27 $0.45 $0.34 $0.70 $0.56$0.16 $0.29 $0.30 $0.40 $0.35 $0.43 -$0.17 $0.90 $0.52 $0.23 $0.32 $0.37 $0.35 $0.42 $0.48 $0.46 $0.58 $0.24 $0.32 $0.33 $0.33 $0.45 $0.47 $0.66 $0.55 Q1 Q2 Q3 Q4 2014 2015 2016 2017 2018 2019 2020 2021 2022
附錄--非公認會計準則財務計量和季度財務統計的對賬
35 NON-GAAP FINANCIAL MEASURES 2019 2020 2021 2022 YTD Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 PTPP Income and PTPP ROAA: Net income (GAAP) $67,557 $46,570 $98,035 $38,341 $32,702 $20,592 $19,397 $19,757 $18,584 Exclude income tax expense 13,488 6,610 22,472 7,559 7,451 4,997 4,922 3,582 3,977 Exclude provision for (reversal of provision for) credit losses 4,311 36,106 (29,372) (4,781) (13,987) (3,149) (5,037) (3,577) (1,204) PTPP income (non-GAAP) $85,356 $89,286 $91,135 $41,119 $26,166 $22,440 $19,282 $19,762 $21,357 Average total assets $5,411,078 $6,293,622 $7,126,250 $7,410,066 $7,079,205 $7,214,960 $7,403,597 $7,434,787 $7,385,616 ROAA, annualized (GAAP) 1.25 % 0.74 % 1.38 % 1.04 % 1.85 % 1.13 % 1.04 % 1.08 % 1.01 % PTPP ROAA, annualized (non-GAAP) 1.58 % 1.42 % 1.28 % 1.12 % 1.48 % 1.23 % 1.03 % 1.08 % 1.16 % Loan Yield, excluding SBA PPP Loans, annualized: Interest and fees on loans (GAAP) $189,515 $192,417 $189,832 $81,915 $50,750 $46,863 $42,695 $41,025 $40,890 Exclude impact on loan yield from SBA PPP loan interest and fees — (19,472) (32,109) (4,863) (10,003) (8,041) (4,927) (3,081) (1,782) Adjusted interest and fees on loans (non- GAAP) $189,515 $172,945 $157,723 $77,052 $40,747 $38,822 $37,768 $37,944 $39,108 Average loans receivable, net (GAAP) $3,668,665 $4,335,564 $4,181,464 $3,792,792 $4,402,868 $4,005,585 $3,836,029 $3,773,325 $3,812,045 Exclude average SBA PPP loans — (589,635) (549,422) (71,633) (777,156) (392,570) (204,436) (109,594) (34,090) Adjusted average loans receivable, net (non-GAAP) $3,668,665 $3,745,929 $3,632,042 $3,721,159 $3,625,712 $3,613,015 $3,631,593 $3,663,731 $3,777,955 Loan yield, annualized (GAAP) 5.17 % 4.44 % 4.54 % 4.36 % 4.62 % 4.64 % 4.42 % 4.41 % 4.30 % Loan yield, excluding SBA PPP loans, annualized (non-GAAP) 5.17 % 4.62 % 4.34 % 4.18 % 4.50 % 4.26 % 4.13 % 4.20 % 4.15 % – PTPP - Pre-tax, pre-provision – ROAA - Return on average assets Q2 2021 is unlinked due to unfortunate rounding linking; easier to unlink than fix and it will be gone next quarter anyway
36 2019 2020 2021 2022 YTD Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 ROATCE: Net income (GAAP) $67,557 $46,570 $98,035 $38,341 $32,702 $20,592 $19,397 $19,757 $18,584 Add amortization of intangible assets 4,001 3,525 3,111 1,408 797 758 759 704 704 Exclude tax effect of adjustment (840) (740) (653) (296) (167) (159) (159) (148) (148) Tangible net income (non-GAAP) $70,718 $49,355 $100,493 $39,453 $33,332 $21,191 $19,997 $20,313 $19,140 Average stockholders' equity (GAAP) $789,502 $805,580 $842,067 $828,427 $835,761 $855,708 $849,383 $846,085 $810,961 Exclude average intangible assets (259,667) (255,898) (252,540) (250,239) (252,955) (252,159) (251,331) (250,593) (249,890) Average tangible common stockholders' equity (non-GAAP) $529,835 $549,682 $589,527 $578,188 $582,806 $603,549 $598,052 $595,492 $561,071 ROAE, annualized (GAAP) 8.56 % 5.78 % 11.64 % 9.33 % 15.69 % 9.55 % 9.06 % 9.47 % 9.19 % ROATCE, annualized (non-GAAP) 13.35 % 8.98 % 17.05 % 13.76 % 22.94 % 13.93 % 13.27 % 13.83 % 13.68 % Net Interest Margin, excluding Incremental Accretion on Purchased Loans, annualized: Net interest income (GAAP) $199,682 $200,997 $205,789 $96,992 $54,265 $51,378 $47,908 $46,944 $50,048 Exclude incremental accretion on purchased loans (4,876) (3,446) (2,638) (854) (495) (681) (387) (584) (270) Adjusted net interest income (non-GAAP) $194,806 $197,551 $203,151 $96,138 $53,770 $50,697 $47,521 $46,360 $49,778 Average total interest earning assets, net $4,729,885 $5,535,236 $6,381,048 $6,653,543 $6,327,171 $6,474,527 $6,671,984 $6,694,578 $6,612,958 Net interest margin, annualized (GAAP) 4.22 % 3.63 % 3.23 % 2.94 % 3.44 % 3.15 % 2.85 % 2.84 % 3.04 % Net interest margin, excluding incremental accretion on purchased loans, annualized (non-GAAP) 4.12 % 3.57 % 3.18 % 2.91 % 3.41 % 3.11 % 2.83 % 2.81 % 3.02 % NON-GAAP FINANCIAL MEASURES – ROAE - Return on average equity – ROATCE - Return on average tangible common equity
37 2019 2020 2021 Q1 2022 Q2 2022有形普通股權益至有形資產和有形普通股權益至有形資產,不包括AOCI:總股東權益(GAAP)$809,311$820,439$854,432$821,449$805,366不包括無形資產(257,552)(254,027)(250,916)(250,916)(249,508)(249,508)有形普通股權益(非GAAP)$551,759$566,412$603,516$571,237$555,858不包括AOCI 10,378,018 9,396(34,228)(61,783)有形普通股權益不包括AOCI(非GAAP)$541,381$541,394$594,120$605,465$617,641總資產(GAAP)$5,552,970$6,615,318$7,432,412$7,483,814$7,316,467不包括無形資產(257,552)(254,027)(250,916)(249,508)有形資產(非GAAP)$5,295,418$6,361,291$7,181,496$7,233,602$7,066,959不包括可供出售的投資證券的未實現收益或損失,淨税額10,378,018(34,228)(61,783)不包括AOCI(非GAAP)$5,285,040$6,336,273$7,172,100$7,267,830$7,128,742股東權益佔總資產(GAAP)14.6%12.4%11.5%11.0%有形普通股權益(非GAAP)10.4 8.9 8.4 7.9有形普通股權益佔有形資產比率(不包括AOCI(非GAAP)10.2%8.5%8.3%8.3%8.3%8.7%應收貸款貸款),不包括SBA PPP貸款:貸款信用損失準備$36,171$70,185$42,361$40,333$39,696應收貸款(GAAP)$3,767,879$4,468,647$3,815,662$3,821,178$3,874,064不包括SBA PPP貸款-(715,121)(145,840)(64,962)(11,334)應收貸款,不包括SBA PPP(非GAAP)$3,753,879$3,753,526$3,669,822$3,756,216$3,862,730 ACL對應收貸款的貸款(AP)0.96%1.57%11%1.06%1.02%SBA PPP貸款(非GAAP)0.96%1.87%1.15%1.07%1.03%非GAAP財務指標
38 2009 2010 2011 2012 2013 2014 2015 2016 Tangible Book Value Per Share: Total stockholders' equity (GAAP) $158,498 $202,279 $202,520 $198,938 $215,762 $454,506 $469,970 $481,763 Exclude intangible assets (13,358) (14,965) (14,525) (14,098) (30,980) (129,918) (127,818) (126,403) Exclude preferred stock (23,487) — — — — — — — Tangible common equity (non-GAAP) $121,653 $187,314 $187,995 $184,840 $184,782 $324,588 $342,152 $355,360 Exclude AOCI (233) 377 1,736 1,744 (1,162) 3,378 2,559 (2,606) Tangible common equity, excluding AOCI (non-GAAP) $ 121,886 $ 186,937 $ 186,259 $ 183,096 $ 185,944 $ 321,210 $ 339,593 $ 357,966 Shares outstanding 11,057,972 15,568,471 15,456,297 15,117,980 16,210,747 30,259,838 29,975,439 29,954,931 Book value per share (GAAP) $12.21 $12.99 $13.10 $13.16 $13.31 $15.02 $15.68 $16.08 Tangible book value per share (non-GAAP) $11.00 $12.03 $12.16 $12.23 $11.40 $10.73 $11.41 $11.86 Tangible book value per share, excluding AOCI (non-GAAP) $11.02 $12.01 $12.05 $12.11 $11.47 $10.62 $11.33 $11.95 Tangible Book Value Per Share (continued): 2017 2018 2019 2020 2021 2022 Q1 Q2 Total stockholders' equity (GAAP) $505,305 $760,723 $809,311 $820,439 $854,432 $821,449 $805,366 Exclude intangible assets (125,117) (261,553) (257,552) (254,027) (250,916) (250,212) (249,508) Tangible common equity (non-GAAP) $380,188 $499,170 $551,759 $566,412 $603,516 $571,237 $555,858 Exclude AOCI (1,298) (7,455) 10,378 25,018 9,396 (34,228) (61,783) Tangible common equity, excluding AOCI (non-GAAP) 381,486 506,625 541,381 541,394 594,120 605,465 617,641 Shares outstanding 29,927,746 36,874,055 36,618,729 35,912,243 35,105,779 35,102,372 35,103,929 Book value per share (GAAP) $16.88 $20.63 $22.10 $22.85 $24.34 $23.40 $22.94 Tangible book value per share (non-GAAP) $12.70 $13.54 $15.07 $15.77 $17.19 $16.27 $15.83 Tangible book value per share, excluding AOCI (non-GAAP) $12.75 $13.74 $14.78 $15.08 $16.92 $17.25 $17.59 NON-GAAP FINANCIAL MEASURES
39截至期末或截至2021年6月30日的三個月2021年3月31日2022年3月31日2022年6月30日357稀釋後每股收益$0.90$0.58$0.55$0.56$0.52平均資產回報率(GAAP)1.85%1.13%1.04%1.08%1.01%税前,撥備前平均資產回報率(非GAAP)1.48 1.23 1.03 1.08 1.16平均普通股權益回報率(GAAP)15.69 9.55 9.06 9.47 9.19平均有形普通股權益回報率(非GAAP)22.94 13.93 13.27 13.83 13.68淨息差3.44 3.15 2.85 2.84 3.04效率比率58.18 62.35 66.61 64.38 62.57非利息支出與平均總額之比資產2.06%2.04%2.06%1.95%1.94%資產負債表:總資產7美元,應收貸款淨額4,155,968 3,905,567 3,773,301 3,780,845 3,834,368存款總額6,074,385美元6,229,017美元6,394,290美元6,491,500美元6,330,190貸存比69.3%63.5%59.7%58.9%61.2%資本:每股賬面價值(GAAP)$23.77$24.13$24.34$23.40$22.94每股有形賬面價值(非GAAP)$16.76$16.97$17.19$16.27$15.83每股有形賬面價值,不包括AOCI(非GAAP)$16.32$16.55$16.92$17.25$17.59第一級槓桿資本與季度平均資產之比9.1%8.8%8.7%8.8%8.9%總資本與風險加權資產之比15.1%14.8%14.8%14.7%14.4%信用質量:不良資產佔總資產0.50%0.36%0.32%0.22%0.14%應收貸款比率(GAAP)1.23 1.22 1.11 1.06 1.02應收貸款比率, 不包括SBA PPP(非GAAP)1.41%1.31%1.15%1.07%1.03%-非GAAP財務指標的計算見附錄。季度財務統計數據