![slide11](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930011.jpg)
11潜在增长机会-从标普全球市场情报获得的地图。-银行总部的某些位置在地图上重叠。-截至最近一个季度的公开财务信息。·建立PNW地区性商业社区银行的长期目标;除西澳外,在OR和ID还有并购和生产团队提升的潜在机会。·HFWA被定位为太平洋西北部地区的首选收购方。·大量银行仍留在HFWA的足迹内;预计将进一步整合。-11家资产在2亿至5亿美元之间的银行-21家资产在5亿至10亿美元之间的银行-14家资产在10亿至35亿美元之间的银行·财务参数包括15%的内部回报率和年利率
![slide12](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930012.jpg)
12完成两笔FDIC交易皮尔斯商业银行资产2.11亿美元考利茨银行3.45亿美元资产收购Puget Sound Bancorp$6.39亿资产Premier Commercial Bancorp$4.40亿资产$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$7,484$1,747$1,079$12.21$12.99$13.10$13.16$13.31$15.02$15.68$16.08$13.16$13.31$22.85$22.34$22.40$12.03$12.16$12.23$11.40$10.73$11.86$1270$13.54$15.07$15.77$17.19$16.27$15.83$15.04$13.74$14.78$15.08$16.92$17.25$17.59$18.03有机收购资产每股账面价值(GAAP)每股有形账面价值(非GAAP)每股有形账面价值,不包括AOCI(非GAAP)2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Q1 2022 Q2 2022 Q3 2022 Q2 2022 Q3 2022历史增长有机和收购性合并与华盛顿银行公司合并收购的硅谷社区银行股份资产2.54亿美元资产西北商业银行6500万美元资产-非GAAP财务指标的计算见附录。-累计其他全面收益或亏损(AOCI)-每股有形账面价值,不包括AOCI,约为2018年前期间的每股有形账面价值。16.88美元
![slide13](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930013.jpg)
13存款市场份额华盛顿和俄勒冈2008年华盛顿和俄勒冈2013年华盛顿和俄勒冈-2022年存款市场份额排名机构(州)市场份额存款市场份额排名机构(州)存款市场份额1美国银行(北卡罗来纳州)$32,880 20.36%1美国银行(北卡罗来纳州)$34,290 19.44%1美国银行(北卡罗来纳州)$64,49718.59%2美国Bancorp(MN)18,200 11.27%2美国Bancorp(MN)24,3富国银行(加州)22,985 13.03%3摩根大通(纽约)46,617 13.44%4富国银行(加州)13,983 8.66%4摩根大通(纽约)15,638 8.87%4富国银行(CA)40,551 11.69%5 KeyCorp(OH)11,282 6.99%5 KeyCorp(OH)11,806 6.69%5 KeyCorp(OH)18,670 5.38%6 Sterling Financial Corp.(WA)6,315 3.91%6 Washington Federal Inc.(WA)6,217 3.52%6 Umpqua Holdings Corporation(OR)17,658 5.09%7 Washington Federal Inc.(WA)4,697 2.91%7 Columbia Banking System Inc.(WA)5,840 3.31%7 Columbia Banking System,Inc.(WA)15,407 4.44%8 Umpqua Holdings Corp.(OR)3,683 2.28%8 Umpqua Holdings Corp.(OR)5,499 3.12%8 Banner Corporation(WA)10,879 3.14%9 Banner Corp.(WA)3,511,650 2.17%9 Sterling Financial Corp.(WA)5,203 2.95%9 Washington Federal,Inc.(WA)10,190 2.94%10 Frontier Financial Corp.(WA)3,304 2.05%10 Mitsubishi UFJ Financial Group475 1.97%10 W.T.B.Financial Corporation(WA)8,045 2.32%11 Columbia Banking System Inc.(WA)2,401 1.49%11 Banner Corp.(WA)3,255 1.85%11 Heritage Financial Corporation(WA)6,338 1.83%12 W.T.B.Financial Corp.(WA)2,356 1.46%12 W.T.B.Financial Corp.(WA)3,180 1.80%12 HomeStreet,Inc.西海岸银行(OR)2,082 1.29%13 HomeStreet Inc.(西澳)1, 第一州际银行系统公司(MT)3,566 1.03%14 HomeStreet Inc.(WA)1,268 0.79%14 SKBHC Holdings LLC(WA)1,551 0.88%14法国巴黎银行SA 2,714 0.78%15下跌银行(OR)1,142 0.71%15华盛顿银行(WA)1,411 0.80%15 First Republic Bank(CA)2,708 0.72%16 americanWest Bancorp(西澳)1,100 0.68%16亚基马联邦物流协会。(西澳)1,402 0.79%16 Coastal Financial Corporation(西澳)2,700 0.72%17 Horizon Financial Corp.(西澳)1,097 0.68%17法国巴黎银行(BNP Paribas SA)1,315 0.75%17 People Bancorp(西澳)2,500 0.59%18 Yakima Federal S&L Assoc.(西澳)1,094 0.68%18 Heritage Financial Corp.(西澳)1,227 0.70%18三菱日联金融集团(Mitsubishi UFJ Financial Group,Inc.)2,497 0.57%19法国巴黎银行1,002 0.62%19 People Bancorp(西澳)1,119 0.63%19 FS Bancorp,Inc.(西澳)2,033 0.78%20下跌金融公司(西澳)9930.62%20山羊谷银行(西澳)1,094 0.62%20山羊绒谷银行(西澳)1,964 0.29%21 City Bank(WA)955 0.59%21 Pacific Continental Corp.(OR)1,075 0.61%21 East West Bancorp,Inc.(CA)1,692 0.78%22 Columbia Bancorp(OR)940 0.58%22 Opus Bank(CA)968 0.55%22 Timberland Bancorp,Inc.(WA)1,692 0.78%22 Columbia Bancorp(OR)940 0.58%22 Opus Bank(CA)968 0.55%22 Timberland Bancorp,Inc.(WA)1,692 0.78%22 Columbia Bancorp(OR)940 0.58%22 Opus Bank(CA)968 0.55%22 Timberland Bancorp,Inc.(WA)1,692 0.78%22 Columbia Bancorp(OR)940 0.58%22 Opus Bank(CA)968 0.55%22 Timberland Bancorp,Inc.(WA)1,692 0.78%2223风险金融集团(WA)917 0.57%23 East West Bancorp Inc.(CA)925 0.52%23 First Northwest Bancorp(WA)1,598 0.44%24 First Financial Northwest Inc.(WA)868 0.54%24奥林匹克Bancorp Inc.(WA)807 0.46%24 Zion BancorpNA(UT)1,540 0.48%25 People Bancorp(WA)846 0.52%25汇丰控股802 0.45%25奥林匹克银行(WA)1,522 0.43%26羊绒谷金融公司(WA)842 0.52%26下跌Bancorp(OR)800 0.45%26 Riverview Bancorp,Inc.(WA)1,507 0.46%27 Heritage Financial Corp.(WA)802 0.50%27 Zion BancorpNA(UT)774 0.44%27 Yakima Federal S&L Assoc.(西澳)1,498 0.44%28 Liberty Financial Group Inc.(或)778 0.48%28 Skagit Bancorp Inc.(西澳)667 0.38%28 Pacific Financial Corporation(西澳)1, 2040.43%29华盛顿银行(西澳)734 0.45%29 Riverview Bancorp Inc.(西澳)660 0.37%29 First Financial Northwest,Inc.(西澳)1,194 0.34%30 First Indep投资集团(Investment Group Inc.)684 0.42%30第一金融西北公司(First Financial Northwest Inc.)642 0.36%30 Glacier Bancorp,Inc.(MT)1,049 0.35%31太平洋大陆公司(Pacific Continental Corp.)(OR)677 0.42%31 First FED。S&L协会。汇丰控股1,020 0.25%32 PremierWest Bancorp(OR)664 0.41%32 Timberland Bancorp Inc.(WA)596 0.34%32 Citizens Bancorp(OR)949 0.30%33 Riverview Bancorp Inc.(WA)630 0.39%33 Pacific Financial Corp.(WA)591 0.34%33 Pacific Premier BancorpBaker Boyer Bancorp(WA)468 0.27%34 Summit Bank Group,Inc.(或)861 0.23%35 Zion Bancorp北卡罗来纳(UT)572 0.35%35奥林匹亚联邦储贷协会(WA)465 0.26%35国泰总行(CA)822 0.25%36惠特曼银行(华盛顿)528 0.33%36 Home Federal Bancorp Inc.(ID)451 0.26%36 Sound Financial Bancorp,Inc.(WA)790 0.22%37华盛顿第一金融集团(WA)515 0.32%37 First Citizens BancShares Inc.(NC)416 0.24%37 First Citizens BancShares,Inc.(NC)772 0.22%38 First FEDS&L协会。洛杉矶港(WA)496 0.31%38 Citizens Bancorp(OR)404 0.23%38 BEO Bancorp(OR)771 0.21%39 Skagit Bancorp Inc.(WA)486 0.30%39 Coastal Financial Corp.(WA)349 0.20%39 PBCO Financial Corporation(OR)751 0.20%40 Timberland Bancorp Inc.(WA)480 0.30%40 Evergreen Federal Bank(OR)336 0.19%40 Baker Boyer Bancorp(WA)728 0.22%市场上机构总计161,492市场中机构总数176371机构入市合计346美元, 在84家机构中,120家机构中的148家机构中有970家-从标普全球市场情报获得的数据显示,截至6月30日的一年。在其他幻灯片上以数百万美元计。我们可以在这里转换吗?会更容易阅读。KD转换。
![slide14](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930014.jpg)
财务最新消息
![slide15](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930015.jpg)
15财务更新-2022年第三季度·2022年第三季度净收入为2100万美元,或每股稀释后收益0.59美元,而2022年第二季度为1860万美元,或每股稀释后收益0.52美元,2021年第三季度为2060万美元,或每股稀释后收益0.58美元。·2022年第三季度,应收贷款增长1.272亿美元,折合成年率增长3.3%。·2022年第三季度的净利息收入增加了920万美元,增幅18.5%,达到5930万美元,而2022年第二季度的净利息收入为5000万美元。·净息差从2022年第二季度的3.04%和2021年第三季度的3.15%增加到2022年第三季度的3.57%。·2022年第三季度的总存款成本保持在0.09%,与2022年第二季度和2021年第三季度的0.09%持平。·截至2022年9月30日,不良资产占总资产的比例降至0.09%,而2022年6月30日和2021年9月30日分别为0.14%和0.36%。·于2022年10月19日宣布定期现金股息为每股普通股0.21美元。
![slide16](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930016.jpg)
16$3,669$4,336$4,181$3,815$4,006$3,836$3,773$3,812$3,860 5.17%4.44%4.54%4.41%4.34%4.28%4.64%4.42%4.41%4.30%4.51%4.26%4.13%4.20%4.15%4.49%平均贷款收益率SBA PPP(非GAAP)2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022商业和工业平均贷款余额和贷款收益率18.4%SBA PPP 0.1%业主自住CRE 24.0%非业主自住CRE 38.6%住宅房地产7.4%建设和土地开发6.3%消费者5.2%贷款组合当前季度贷款组合贷款组合重新定价时间表(不包括SBA PPP贷款)35.7%33.9%30.6%28.6%26.0%25.5%22.0%20.3%21.3%22.4%23.9%23.0%42.3%45.8%48.1%49.0%50.1%51.5%固定利率浮动(3个月重新定价)2019 2020 2021 Q1 2022 Q2 2022 Q3 2022-贷款收益率计算包括应收贷款的平均余额,净额和待售贷款。-非公认会计准则财务计量的计算见附录。4.62%
![slide17](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930017.jpg)
17 LOAN PORTFOLIO COMPOSITION $3,768 $4,469 $3,816 $3,821 $3,874 $4,001 $852 $733 $622 $652 $699 $735 $805 $857 $931 $936 $951 $959 $1,289 $1,410 $1,493 $1,505 $1,516 $1,547 $132 $123 $165 $223 $265 $296 $275 $306 $227 $222 $219 $253 $415 $325 $232 $218 $213 $207 $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 Q3 2022
![slide18](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930018.jpg)
18新承诺金额$30$23$22$43$30$27$45$75$62$47$271$329$224$284$281(不包括消费性住宅)SBA PPP SBA PPP 2021年第三季度2021年第四季度2022年第二季度2022年第三季度2022年第三季度贷款产生-2022年第一季度、2022年第二季度和2022年第三季度产生的住宅承诺分别包括4200万美元、2700万美元和2900万美元的购买贷款。
![slide19](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930019.jpg)
19 Construction Commitments $580 $486 $488 $472 $489 $542 $275 $306 $227 $222 $219 $253 $305 $180 $261 $250 $270 $289 Outstanding Balance Available Credit 2019 2020 2021 Q1 2022 Q2 2022 Q3 2022 35.06% 25.62% 25.17% 28.53% 30.90% 35.43%36.28% 32.91% 31.33% 31.34% 31.30% 31.80% 47.41% 62.96% 46.52% 47.03% 44.79% 46.68% Utilization Rate - Construction LOCs Utilization Rate - Consumer LOCs Utilization Rate - Commercial and Industrial Loan LOCs 2019 2020 2021 Q1 2022 Q2 2022 Q3 2022 LINE OF CREDIT ("LOC") UTILIZATION LOC Utilization Rates
![slide20](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930020.jpg)
20应收贷款变化$3,874$(8)$207$(72)$(55)$55$4,001 2022年6月30日的应收贷款购买力平价预付款和还款净额贷款2022年9月30日的应收贷款到期日/还款净额$3,821$(54)$242$(139)$(7)$10$3,874 2022年3月31日的应收贷款购买力平价预付款和还款贷款产生的预付款2022年6月30日的应收贷款预付款净额/付款贷款变化-2022年第三季度贷款变化-2022年第二季度
![slide21](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930021.jpg)
21商业贷款风险敞口按行业风险敞口行业划分的商业商业贷款2021年12月31日担保金额担保2022年6月30日担保2022年9月30日房地产,租金及租赁1,678 4.4 4.4医疗护理及社会援助320 4.5 4.5 4.6住宿及饮食服务167 6.3 6.0 5.8零售业161 4.6 4.5建造业157 4.6 4.6 4.6其他服务(公共行政除外)99 4.7 4.6 4.6制造业103 5.1 5.0 5.1所有其他行业556 4.5 4.4合共3,241 4.6 4.5 4.5中央薪俸贷款按抵押品类型抵押品类型担保金额担保于2022年6月30日担保金额担保于2022年9月30日担保办公室$570 4.3 4.3工业365 4.4 4.4零售商店/购物中心284 4.6 4.6 4.6多户235 4.3 4.3 4.3综合用途物业165 4.7 4.6汽车旅馆/酒店142 6.1 5.8 5.7单一用途114 4.3 4.6 4.6仓库152 4.6 4.64.5 4.6迷你贮物150 4.8 4.2 4.2康乐/学校79 5.1 4.9 4.9其他251 4.7 4.7 4.8总计2,507 4.6 4.5 4.5-按NAICS代码分类-不包括SBA PPP贷款。-WARR=加权平均风险评级。写字楼22.7%工业14.6%零售店/购物中心11.2%多户9.4%混合用途物业6.6%汽车旅馆/酒店5.7%单一用途4.5%仓库6.1%迷你仓储6.0%康乐/学校3.2%其他10.0%房地产和租赁51.7%医疗保健和社会救助9.9%住宿和食品服务5.2%零售业5.0%建筑业4.8%其他服务业(不包括公共管理)3.1%制造业3.2%所有其他行业17.1%
![slide22](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930022.jpg)
22 $45 $58 $24 $17 $10 $6 Nonaccrual loans OREO Nonperforming assets to total assets 2019 2020 2021 Q1 2022 Q2 2022 Q3 2022 0.82% 0.88% 0.32% 0.22% 0.14% 0.09% NONPERFORMING ASSETS $1 0.09% 0.07% 0.01% (0.03)% 0.04% 0.05% (0.05)% 0.00% (0.05)% Net charge-offs (recoveries) on loans to average loans, annualized 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022
![slide23](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930023.jpg)
23批评贷款$143$291$183$175$166$151$45$58$24$17$10$6$49$100$89$95$84$60$49$132$71$63$72$84不合标准-应计项目特别提及2019 2020 2021 Q1 2022 Q2 2022 Q3 2022按抵押品类型批评的贷款22.3%业主自住的CRE 26.3%非业主自住的CRE 44.4%住宅房地产0.1%建筑和土地开发5.3%消费者1.6%贷款被贷款部门汽车旅馆/酒店30.2%写字楼10.6%零售商店/购物中心8.1%混合用途物业5.5%老年人护理5.6%农场3.3%辅助生活3.8%餐厅4.3%工业3.0%仓库2.8%其他CRE 6.1%非CRE 16.7%
![slide24](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930024.jpg)
24-非公认会计准则财务计量的计算见附录。$36$70$42$40$40$42贷款的ACL($)贷款/贷款的ACL(%)贷款/贷款的ACL不包括。SBA PPP(非GAAP)(%)2019 2020 2021 Q1 2022 Q2 2022 Q3 2022 0.96%1.57%1.11%1.06%1.02%1.05%1.87%1.15%1.07%1.03%1.05%贷款的信贷损失拨备
![slide25](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930025.jpg)
25 $4,461 $5,298 $6,090 $6,398 $6,170 $6,374 $6,409 $6,391 $6,374 0.37% 0.23% 0.10% 0.09% 0.09% 0.09% 0.09% 0.09% 0.09% Average deposits Cost of total deposits 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Deposit Composition DEPOSITS Deposit Balances and Cost of Total Deposits 31.8% 35.5% 36.7% 36.9% 36.7% 37.0% 29.3% 30.6% 30.4% 31.1% 31.3% 32.0% 16.4% 17.2% 17.5% 16.9% 16.8% 16.0% 11.1% 9.6% 10.0% 10.0% 10.3% 10.4% 11.4% 7.1% 5.4% 5.1% 4.9% 4.6% Noninterest demand deposits Interest bearing demand deposits Money market accounts Savings accounts Certificates of deposit 2019 2020 2021 Q1 2022 Q2 2022 Q3 2022
![slide26](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930026.jpg)
26$952$802$1,278$2,129$1,073$1,278$1,462$1,803$2,129$243$153$757$865$100$268$290$427$438 2.75%2.40%2.13%2.29%2.13%2.12%1.96%2.15%2.63%投资组合收益率2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022投资组合投资组合(按公允价值计算)美国政府和机构投资组合9.1%住宅CMO和MBS 35.2%商业CMO和MBS 45.4%债务0.3%其他资产支持证券1.1%3.15 2.69 4.85 4.98 3.59 5.64 6.76 4.15 4.35 4.85 5.52 5.28 4.98 7.94 5.20 4.51 3.96 4.09期限-总投资组合期限-仅2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022投资组合期限投资组合的强劲信用质量:·89.7%投资于美国政府和机构证券·10AA级或更好的0.0%·比AA级低0.3%
![slide27](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930027.jpg)
27 3.36%(0.47)(0.12)%0.25%0.12%0.01%3.15%YTD Q3 2021年PPP贷款收益率投资计息存款YTD Q3 2022 4.22%3.63%3.23%3.15%3.15%2.85%2.84%3.04%3.57%3.57%3.18%3.12%3.11%2.83%2.81%3.02%3.54%NIM,不包括购买贷款(非GAAP)的增值2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022净息差-非GAAP财务指标的计算请参阅附录。3.04%(0.09)%0.25%0.28%0.10%(0.01)%3.57%QTD Q3 2022贷款收益率投资计息存款计息负债总额QTD Q3 2022净息差变化QTD Q3 2022与QTD Q2 2022净息差变化YTD Q3 2022与YTD Q3 2021净息差(GAAP)
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28 2022年9月30日资产重新定价组成浮动利率(3个月重新定价)固定利率赚取利息的存款总额$307$-$-$307投资证券总额,按公允价值计算109 9 1,915 2,033应收贷款(不包括小型企业购买力平价)920 1,022 2,060 4,002生息资产总额$1,336$1,031$3,975$6,342%生息资产总额21.1%16.3%62.6%无息资产总额858资产总额7,200%总资产18.6%14.3%55.2%生息资产平均构成77.6%67.6%56.9%56.8%55.8%54.4%54.7%57.2%58.4%10.7%8.6%0.7%6.1%3.1%1.6%0.5%0.1%20.3%16.0%15.8%25.2%16.2%17.5%21.2%24.0%30.4%5.7%18.7%17.3%21.9%25.0%22.5%18.3%11.1%利息存款投资证券SBA PPP应收贷款,NET,不包括SBA PPP 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 2.1%
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29 $67.6 $46.6 $98.0 $59.3 $85.4 $89.3 $91.1 $68.7 Net income (GAAP) PTPP income (non-GAAP) 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 $20.6 $19.4 $19.8 $18.6 $21.0 $22.4 $19.3 $19.8 $21.4 $27.6 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% 1.07% 1.13% 1.04% 1.08% 1.01% 1.13% 1.58% 1.42% 1.28% 1.24% 1.23% 1.03% 1.08% 1.16% 1.49% ROAA (GAAP) PTPP ROAA (non-GAAP) 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 Net Income (GAAP) and PTPP Income (non- GAAP), in millions 13.35% 8.98% 17.05% 14.24% 13.93% 13.27% 13.83% 13.68% 15.20% 8.56% 5.78% 11.64% 9.64% 9.55% 9.06% 9.47% 9.19% 10.27% ROAE (GAAP) ROATCE (non-GAAP) 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 2.71% 2.37% 2.09% 2.00% 2.04% 2.06% 1.95% 1.94% 2.11% 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 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
![slide30](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930030.jpg)
30 10.2%8.5%8.3%8.3%8.7%9.0%10.4%8.9%8.4%7.9%7.9%7.6%14.6%12.4%11.5%11.0%11.0%10.8%股东权益占有形资产总额(非GAAP)有形普通股权益占有形资产总额的比例,不包括AOCI(非GAAP)2019 2020 2021 Q1 2022 Q2 2022 Q3 2022 12.8%14.0%14.8%14.7%14.4%14.0%10.0%10.0%10.0%10.0%2.8%4.0%4.8%4.7%4.4%4.0%资本充足的超额资本2019 2020 2021 Q1 2022 Q2 2022 Q3 2022-当前季度比率为待完成和提交公司监管报告的估计。-非公认会计准则财务指标的计算见附录。-资本充裕代表FDIC银行资本充裕的比率门槛。一级杠杆和基于总风险的资本的最低资本比率要求分别为4.0%和8.0%。-根据银行的资产和负债管理政策,经纪CD容量限制为总存款的15%。10.6%9.0%8.7%8.8%8.9%9.2%5.0%5.0%5.0%5.6%4.0%3.7%3.8%3.9%4.2%资本充足的超额资本2019 2020 2021 Q1 2022 Q2 2022 Q3 2022资本和流动性来源一级杠杆率基于风险的资本权益比率主要和二级流动性来源9月30日,2022年现金和现金等价物407未担保投资证券1,348 FHLB和FRB借款可用性1,238联邦基金额度215经纪CD能力936总计4,144美元
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股东回报
![slide32](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930032.jpg)
32 TOTAL SHAREHOLDER RETURN Stock Summary Ticker HFWA Exchange NASDAQ Stock price $30.10 Market capitalization (in billions) $1.06 Dividend yield (regular dividend only) 2.79% Average Daily Volume (3 month) Average daily volume (shares) 181,644 Average daily volume ($000s) $5,467 52-Week High and Low Price 52-week high (October 13, 2022) 30.31 52-week low (November 30, 2021) 20.95 Per Share Tangible book value per share $15.04 EPS - 2022E $2.15 EPS - 2023E $2.41 Number of research analysts 6 Valuation Ratios Price / Tangible book value 200.2% Price / 2022E EPS 14.0x Price / 2023E EPS 12.5x 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 October 13, 2022. – Dividend information as of October 20, 2022. $1.67 $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 $0.59 $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
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附录--非公认会计准则财务计量和季度财务统计的对账
![slide34](https://www.sec.gov/Archives/edgar/data/1046025/000104602522000143/investorpresentation0930034.jpg)
34 NON-GAAP FINANCIAL MEASURES 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 PTPP Income and PTPP ROAA: Net income (GAAP) $67,557 $46,570 $98,035 $59,330 $20,592 $19,397 $19,757 $18,584 $20,990 Exclude income tax expense 13,488 6,610 22,472 12,216 4,997 4,922 3,582 3,977 4,657 Exclude provision for (reversal of provision for) credit losses 4,311 36,106 (29,372) (2,836) (3,149) (5,037) (3,577) (1,204) 1,945 PTPP income (non-GAAP) $85,356 $89,286 $91,135 $68,710 $22,440 $19,282 $19,762 $21,357 $27,592 Average total assets $5,411,078 $6,293,622 $7,126,250 $7,395,801 $7,214,960 $7,403,597 $7,434,787 $7,385,616 $7,367,736 ROAA, annualized (GAAP) 1.25 % 0.74 % 1.38 % 1.07 % 1.13 % 1.04 % 1.08 % 1.01 % 1.13 % PTPP ROAA, annualized (non-GAAP) 1.58 % 1.42 % 1.28 % 1.24 % 1.23 % 1.03 % 1.08 % 1.16 % 1.49 % Loan Yield, excluding SBA PPP Loans, annualized: Interest and fees on loans (GAAP) $189,515 $192,417 $189,832 $125,762 $46,863 $42,695 $41,025 $40,890 $43,847 Exclude impact on loan yield from SBA PPP loan interest and fees — (19,472) (32,109) (5,137) (8,041) (4,927) (3,081) (1,782) (275) Adjusted interest and fees on loans (non- GAAP) $189,515 $172,945 $157,723 $120,625 $38,822 $37,768 $37,944 $39,108 $43,572 Average loans receivable, net (GAAP) $3,668,665 $4,335,564 $4,181,464 $3,815,387 $4,005,585 $3,836,029 $3,773,325 $3,812,045 $3,859,839 Exclude average SBA PPP loans — (589,635) (549,422) (49,423) (392,570) (204,436) (109,594) (34,090) (5,726) Adjusted average loans receivable, net (non-GAAP) $3,668,665 $3,745,929 $3,632,042 $3,765,964 $3,613,015 $3,631,593 $3,663,731 $3,777,955 $3,854,113 Loan yield, annualized (GAAP) 5.17 % 4.44 % 4.54 % 4.41 % 4.64 % 4.42 % 4.41 % 4.30 % 4.51 % Loan yield, excluding SBA PPP loans, annualized (non-GAAP) 5.17 % 4.62 % 4.34 % 4.28 % 4.50 % 4.13 % 4.20 % 4.15 % 4.49 % – Dollars in thousands – ROAA - Return on average assets – PTPP - Pre-tax, pre-provision
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35 2019 2020 2021 2022 YTD Q3 2021 Q4 2021 Q1 2022 Q2 2022 Q3 2022 ROATCE: Net income (GAAP) $67,557 $46,570 $98,035 $59,330 $20,592 $19,397 $19,757 $18,584 $20,990 Add amortization of intangible assets 4,001 3,525 3,111 2,079 758 759 704 704 671 Exclude tax effect of adjustment (840) (740) (653) (437) (159) (159) (148) (148) (141) Tangible net income (non-GAAP) $70,718 $49,355 $100,493 $60,972 $21,191 $19,997 $20,313 $19,140 $21,520 Average stockholders' equity (GAAP) $789,502 $805,580 $842,067 $822,571 $855,708 $849,383 $846,085 $810,961 $811,052 Exclude average intangible assets (259,667) (255,898) (252,540) (249,904) (252,159) (251,331) (250,593) (249,890) (249,245) Average tangible common stockholders' equity (non-GAAP) $529,835 $549,682 $589,527 $572,667 $603,549 $598,052 $595,492 $561,071 $561,807 ROAE, annualized (GAAP) 8.56 % 5.78 % 11.64 % 9.64 % 9.55 % 9.06 % 9.47 % 9.19 % 10.27 % ROATCE, annualized (non-GAAP) 13.35 % 8.98 % 17.05 % 14.24 % 13.93 % 13.27 % 13.83 % 13.68 % 15.20 % Net Interest Margin, excluding Incremental Accretion on Purchased Loans, annualized: Net interest income (GAAP) $199,682 $200,997 $205,789 $156,279 $51,378 $47,908 $46,944 $50,048 $59,286 Exclude incremental accretion on purchased loans (4,876) (3,446) (2,638) (1,252) (681) (387) (584) (270) (398) Adjusted net interest income (non-GAAP) $194,806 $197,551 $203,151 $155,027 $50,697 $47,521 $46,360 $49,778 $58,888 Average total interest earning assets, net $4,729,885 $5,535,236 $6,381,048 $6,632,924 $6,474,527 $6,671,984 $6,694,578 $6,612,958 $6,592,361 Net interest margin, annualized (GAAP) 4.22 % 3.63 % 3.23 % 3.15 % 3.15 % 2.85 % 2.84 % 3.04 % 3.57 % Net interest margin, excluding incremental accretion on purchased loans, annualized (non-GAAP) 4.12 % 3.57 % 3.18 % 3.12 % 3.11 % 2.83 % 2.81 % 3.02 % 3.54 % NON-GAAP FINANCIAL MEASURES – Dollars in thousands – ROATCE - Return on average tangible common equity – ROAE - Return on average equity
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36 2019 2020 2021 Q1 2022 Q2 2022 Q3 2022 Tangible Common Equity to Tangible Assets and Tangible Common Equity to Tangible Assets, excluding AOCI: Total stockholders' equity (GAAP) $809,311 $820,439 $854,432 $821,449 $805,366 $776,702 Exclude intangible assets (257,552) (254,027) (250,916) (250,212) (249,508) (248,837) Tangible common equity (non-GAAP) $551,759 $566,412 $603,516 $571,237 $555,858 $527,865 Exclude AOCI 10,378 25,018 9,396 (34,228) (61,783) (105,001) Tangible common equity, excluding AOCI (non-GAAP) $541,381 $541,394 $594,120 $605,465 $617,641 $632,866 Total assets (GAAP) $5,552,970 $6,615,318 $7,432,412 $7,483,814 $7,316,467 $7,200,312 Exclude intangible assets (257,552) (254,027) (250,916) (250,212) (249,508) (248,837) Tangible assets (non-GAAP) $5,295,418 $6,361,291 $7,181,496 $7,233,602 $7,066,959 $6,951,475 Exclude unrealized gain or loss of investment securities available for sale, net of tax 10,378 25,018 9,396 (34,228) (61,783) (105,001) Tangible assets, excluding AOCI (non-GAAP) $5,285,040 $6,336,273 $7,172,100 $7,267,830 $7,128,742 $7,056,476 Stockholders' equity to total assets (GAAP) 14.6 % 12.4 % 11.5 % 11.0 % 11.0 % 10.8 % Tangible common equity to tangible assets (non-GAAP) 10.4 8.9 8.4 7.9 7.9 7.6 Tangible common equity to tangible assets, excluding AOCI (non-GAAP) 10.2 % 8.5 % 8.3 % 8.3 % 8.7 % 9.0 % ACL on Loans to Loans Receivable, excluding SBA PPP Loans: Allowance for credit losses on loans $36,171 $70,185 $42,361 $40,333 $39,696 $42,089 Loans receivable (GAAP) $3,767,879 $4,468,647 $3,815,662 $3,821,178 $3,874,064 $4,001,295 Exclude SBA PPP loans — (715,121) (145,840) (64,962) (11,334) (3,593) Loans receivable, excluding SBA PPP (non-GAAP) $3,767,879 $3,753,526 $3,669,822 $3,756,216 $3,862,730 $3,997,702 ACL on loans to loans receivable (GAAP) 0.96 % 1.57 % 1.11 % 1.06 % 1.02 % 1.05 % ACL on loans to loans receivable, excl. SBA PPP loans (non-GAAP) 0.96 % 1.87 % 1.15 % 1.07 % 1.03 % 1.05 % NON-GAAP FINANCIAL MEASURES – Dollars in thousands
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37 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 Q3 Total stockholders' equity (GAAP) $505,305 $760,723 $809,311 $820,439 $854,432 $821,449 $805,366 $776,702 Exclude intangible assets (125,117) (261,553) (257,552) (254,027) (250,916) (250,212) (249,508) (248,837) Tangible common equity (non-GAAP) $380,188 $499,170 $551,759 $566,412 $603,516 $571,237 $555,858 $527,865 Exclude AOCI (1,298) (7,455) 10,378 25,018 9,396 (34,228) (61,783) (105,001) Tangible common equity, excluding AOCI (non-GAAP) 381,486 506,625 541,381 541,394 594,120 605,465 617,641 632,866 Shares outstanding 29,927,746 36,874,055 36,618,729 35,912,243 35,105,779 35,102,372 35,103,929 35,104,248 Book value per share (GAAP) $16.88 $20.63 $22.10 $22.85 $24.34 $23.40 $22.94 $22.13 Tangible book value per share (non-GAAP) $12.70 $13.54 $15.07 $15.77 $17.19 $16.27 $15.83 $15.04 Tangible book value per share, excluding AOCI (non-GAAP) $12.75 $13.74 $14.78 $15.08 $16.92 $17.25 $17.59 $18.03 NON-GAAP FINANCIAL MEASURES – Dollars in thousands
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38截至期末或截至2021年9月30日的三个月2021年12月31日2022年6月30日2022年9月30日592稀释后每股收益$0.58$0.55$0.56$0.52$0.59税前平均资产回报率(GAAP)1.13%1.04%1.08%1.01%1.13%拨备前平均资产回报率(非GAAP)1.23 1.03 1.08 1.16 1.49平均普通股权益回报率(GAAP)9.55 9.06 9.47 9.19 10.27平均有形普通股权益回报率(非GAAP)13.93 13.27 13.83 13.68 15.20净息差3.15 2.85 2.84 3.04 3.57效率比率62.35 66.61 64.38 62.57 58.66非利息支出与平均总额之比资产2.04%2.06%1.95%1.94%2.11%资产负债表:总资产7美元,应收贷款净额3,905,567 3,773,301 3,780,845 3,834,368 3,959,206存款总额6,229,017美元6,394,290美元6,491,500美元6,330,190美元6,237,735贷存比率63.5%59.7%58.9%61.2%64.1%资本:每股账面价值(GAAP)$24.13$24.34$23.40$22.94$22.13每股有形账面价值(非GAAP)$16.97$17.19$16.27$15.83$15.04每股有形账面价值,不包括AOCI(非GAAP)$16.55$16.92$17.25$17.59$18.03杠杆率8.8%8.7%8.8%8.9%9.2%总资本比率14.8%14.8%14.7%14.4%14.0%信用质量:不良资产占总资产0.36%0.32%0.22%0.14%应收贷款(GAAP)1.22 1.11 1.06 1.02 1.05关于应收贷款贷款的acl,不包括SBA PPP(非GAAP)1.31%1.15%1.07%1.03%1.05%-以千美元为单位-非GAAP财务衡量标准的计算见附录。季度财务统计数据