“Our strategic plan remains on schedule. We have strengthened the overall health of the company with improved credit quality metrics and sound capital ratios, and we were profitable for the fourth consecutive quarter,” said Pat Sheaffer, chairman and CEO, in a press release. “Going forward we will continue to work on improving our asset quality while looking for growth opportunities in the Portland and Vancouver market areas.”
Olympia-based Heritage Bank also reported quarterly earnings this week. Brian L. Vance, president and CEO of Heritage Financial Corp., reported that his company had net income of $2.7 million for the quarter ended June 30, 2013. This compares to net income of $3.2 million for the quarter ended June 30, 2012.
