XML 93 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated Statement of Stockholders' Equity (USD $)
In Thousands, except Share data, unless otherwise specified
Total
Common Stock
Unearned Compensation ESOP
Retained Earnings
Accumulated Other Comprehensive Income (Loss), Net
Beginning balance at Dec. 31, 2011 $ 202,520us-gaap_StockholdersEquity $ 126,622us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
$ (94)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_DeferredCompensationShareBasedPaymentsMember
$ 74,256us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ 1,736us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Beginning balance, shares at Dec. 31, 2011   15,456,000us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Restricted and unrestricted stock awards issued, net of forfeitures, shares   86,000us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Restricted and unrestricted stock awards issued, net of forfeitures 0us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures 0us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Stock option compensation expense 106us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation 106us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Exercise of stock options (including tax effect from nonqualified stock options), shares 11,365us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised 12,000us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Exercise of stock options (including excess tax benefits from nonqualified stock options) 129us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised 129us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Restricted stock compensation expense, shares   10,000hfwa_ShareBasedPaymentAndEarnedEsopShares
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Restricted stock compensation expense 1,185us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition 1,091us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
94us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_DeferredCompensationShareBasedPaymentsMember
   
Excess tax benefit from restricted stock (93)us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions (93)us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Common stock repurchased and retired, shares   (446,000)us-gaap_StockRepurchasedAndRetiredDuringPeriodShares
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Common stock repurchased (6,023)us-gaap_StockRepurchasedAndRetiredDuringPeriodValue (6,023)us-gaap_StockRepurchasedAndRetiredDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Net income 13,261us-gaap_NetIncomeLoss     13,261us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Other comprehensive income (loss), net of tax 8us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent       8us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Cash dividends declared on common stock (12,155)us-gaap_DividendsCommonStockCash     (12,155)us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Common stock issued in business combination 0us-gaap_StockIssuedDuringPeriodValueAcquisitions        
Ending balance at Dec. 31, 2012 198,938us-gaap_StockholdersEquity 121,832us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  75,362us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
1,744us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Ending balance, shares at Dec. 31, 2012   15,118,000us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Restricted and unrestricted stock awards issued, net of forfeitures, shares   100,000us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Restricted and unrestricted stock awards issued, net of forfeitures 0us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures 0us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Stock option compensation expense 71us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation 71us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Exercise of stock options (including tax effect from nonqualified stock options), shares 16,553us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised 17,000us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Exercise of stock options (including excess tax benefits from nonqualified stock options) 176us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised 176us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Restricted stock compensation expense 1,223us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition 1,223us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Excess tax benefit from restricted stock (13)us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions (13)us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Common stock repurchased and retired, shares   (557,000)us-gaap_StockRepurchasedAndRetiredDuringPeriodShares
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Common stock repurchased (8,825)us-gaap_StockRepurchasedAndRetiredDuringPeriodValue (8,825)us-gaap_StockRepurchasedAndRetiredDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Net income 9,575us-gaap_NetIncomeLoss     9,575us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Other comprehensive income (loss), net of tax (2,906)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent       (2,906)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Cash dividends declared on common stock (6,672)us-gaap_DividendsCommonStockCash     (6,672)us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Common stock issued in business combination, shares   1,533,000us-gaap_StockIssuedDuringPeriodSharesAcquisitions
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Common stock issued in business combination 24,195us-gaap_StockIssuedDuringPeriodValueAcquisitions        
Ending balance at Dec. 31, 2013 215,762us-gaap_StockholdersEquity 138,659us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  78,265us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
(1,162)us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Ending balance, shares at Dec. 31, 2013   16,211,000us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Restricted and unrestricted stock awards issued, net of forfeitures, shares   121,000us-gaap_StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Restricted and unrestricted stock awards issued, net of forfeitures 0us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures 0us-gaap_StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Stock option compensation expense 20us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation 20us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Exercise of stock options (including tax effect from nonqualified stock options), shares 84,189us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised 84,000us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Exercise of stock options (including excess tax benefits from nonqualified stock options) 921us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised 921us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Restricted stock compensation expense 1,395us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition 1,395us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Excess tax benefit from restricted stock 112us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions 112us-gaap_EmployeeServiceShareBasedCompensationTaxBenefitRealizedFromExerciseOfStockOptions
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Common stock repurchased and retired, shares   (156,000)us-gaap_StockRepurchasedAndRetiredDuringPeriodShares
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Common stock repurchased (2,601)us-gaap_StockRepurchasedAndRetiredDuringPeriodValue (2,601)us-gaap_StockRepurchasedAndRetiredDuringPeriodValue
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Net income 21,014us-gaap_NetIncomeLoss     21,014us-gaap_NetIncomeLoss
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Other comprehensive income (loss), net of tax 4,540us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent       4,540us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Cash dividends declared on common stock (12,892)us-gaap_DividendsCommonStockCash     (12,892)us-gaap_DividendsCommonStockCash
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
 
Common stock issued in business combination, shares   14,000,000us-gaap_StockIssuedDuringPeriodSharesAcquisitions
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
Common stock issued in business combination [1] 226,235us-gaap_StockIssuedDuringPeriodValueAcquisitions        
Ending balance at Dec. 31, 2014 $ 454,506us-gaap_StockholdersEquity $ 364,741us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
  $ 86,387us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_RetainedEarningsMember
$ 3,378us-gaap_StockholdersEquity
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_AccumulatedOtherComprehensiveIncomeMember
Ending balance, shares at Dec. 31, 2014   30,260,000us-gaap_SharesOutstanding
/ us-gaap_StatementEquityComponentsAxis
= us-gaap_CommonStockMember
     
[1] The amount of common stock issued in connection with the merger is net of $489,000 of issuance costs.