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Redemption of Long-term Debt
6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Redemption of Long-term Debt
Redemption of Long-term Debt

(In Thousands)

During the first quarter of 2017, the Company redeemed the Heritage Financial Statutory Trust I junior subordinated debentures. The debentures were redeemed for an aggregate amount of $10,515, which included the principal amount of $10,310 and a prepayment penalty of $205. Prior to the redemption, the Company obtained all required board and regulatory approval.

During the second quarter of 2016, the Company incurred a prepayment penalty of $329 in connection with the prepayment of $3,483 in long-term borrowings from the Federal Home Loan Bank.

There were no other prepayments of long-term debt during the first six months of 2017 or 2016.