Heritage Financial Corporation · NASDAQ:HFWA
Heritage Financial — Investor Presentation (December 2010)
5 slides from Heritage Financial's investor presentation, Dec 8, 2010
Slide 1: Strong Earnings Ability and Capacity
Exhibit 99.2 Strong Earnings Ability and Capacity Annual Quarterly $12,000 2.50% $2,400 2.5% $10,708 $10,476 $10,547 2.20% 2.06% $2,042 $10,000 $1,900 1.79% 1.89% 1.87% 2.0% 1.76% 2.28% 1.99% $8,000 2.00% 1.72% 1.87% $1,400 1.5% 2.09% $6,351 $6,000 1.94% $855 $900 $772 1.0% $696 $4,000 1.50% $400 $3
Slide 2: Diversified Loan Portfolio
Diversified Loan Portfolio Non-Covered Loan Portfolio Construction Portfolio Commercial and Commercial Commercial Land Industrial 16% 12% 31% Residential Construction CRE Non-Owner 4% Occupied A&D Residential & Condos 29% Lots 25% 20% Commercial Construction 4% Residential Land CRE Owner Single Fami
Slide 3: Diversified Loan Portfolio
Diversified Loan Portfolio Commercial Loan Portfolio Commercial Real Estate CRE Owner Ind./Warehouse Hotel/Motel Occupied 12.4% 1.2% Other 26.2% Tax-Exempt 3.7% Affordable Housing Retail 3.5% 28.1% Commercial and Recreational Industrial 1.9% 37.9% Church 2.0% Ret./Nurs./DayCare 2.0% Agricultural 0.6
Slide 4: Superior Credit Quality Relative to Peers
Superior Credit Quality Relative to Peers NPA level less than 1/2 of peer level Reserve coverage over twice that of peer levels Texas Ratio less than 1/3 of peer level NPAs / Assets* NCOs / Avg. Loans 4.50% 8.00% 4.00% 7.00% 3.50% 6.00% 3.00% 5.00% 2.50% 4.00% 2.00% 3.00% 1.50% 2.00% 1.00% 1.00% 0.5
Slide 5: Strong Capital Ratios
Strong Capital Ratios HFWA 9/30/10 as reported on 10-Q Proforma HFWA 9/30/10 including Pierce Commercial Bank Acquisition Proforma HFWA 9/30/10 including Pierce Commercial Bank Acquisition and Capital Raise Proforma HFWA 9/30/10 including Pierce Commercial Bank Acquisition and Capital Raise without
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