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Social insurance Social insurance is a form of social welfare that provides insurance against economic risks. The insurance may be provided publicly or through the subsidizing of private insurance.
Sport management Sport management is the field of business dealing with sports and recreation. Sports management involves any combination of skills that correspond with planning, organizing, directing, controlling, budgeting, leading, or evaluating of any organization or business within the sports field.
List of bank failures in the United States (2008–present) The Financial crisis of 2007–2008 led to a lot of bank failures in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012.
Table of Contents (Enochs) Table of Contents is a sculpture designed by the American artist Dale Enochs. The sculpture is made from limestone and was commissioned by Joseph F. Miller.
Grameen Bank Grameen Bank (Bengali: গ্রামীণ ব্যাংক) is a microfinance organisation and community development bank founded in Bangladesh. It makes small loans (known as microcredit or "grameencredit") to the impoverished without requiring collateral.
Reference Daily Intake The Reference Daily Intake (RDI) used in nutrition labeling on food and dietary supplement products in the U.S. and Canada is the daily intake level of a nutrient that is considered to be sufficient to meet the requirements of 97–98% of healthy individuals in every demographic in the United States. While developed for the US population, it has been adopted by other countries, though not universally.The RDI is used to determine the Daily Value (DV) of foods, which is printed on nutrition facts labels (as % DV) in the United States and Canada, and is regulated by the Food and Drug Administration (FDA) and by Health Canada respectively.
Hypoactive sexual desire disorder Hypoactive sexual desire disorder (HSDD), hyposexuality or inhibited sexual desire (ISD) is considered a sexual dysfunction in some jurisdictions and is characterized as a lack or absence of sexual fantasies and desire for sexual activity, as judged by a clinician. For this to be regarded as a disorder, it must cause marked distress or interpersonal difficulties and not be better accounted for by another mental disorder, a drug (legal or illegal), or some other medical condition.
Tax haven A tax haven is a jurisdiction with very low "effective" rates of taxation for foreign investors ("headline" rates may be higher). In some traditional definitions, a tax haven also offers financial secrecy.
Financial risk management Financial risk management is the practice of protecting economic value in a firm by using financial instruments to manage exposure to financial risk - principally operational risk, credit risk and market risk, with more specific variants as listed aside. \nSimilar to general risk management, financial risk management requires identifying its sources, measuring it, and plans to address them.
PEST analysis In business analysis, PEST analysis ("political, economic, socio-cultural and technological") describes a framework of macro-environmental factors used in the environmental scanning component of strategic management. It is part of an external analysis when conducting a strategic analysis or doing market research, and gives an overview of the different macro-environmental factors to be taken into consideration.
Executable In computing, executable code, an executable file, or an executable program, sometimes simply referred to as an executable or binary, causes a computer "to perform indicated tasks according to encoded instructions", as opposed to a data file that must be interpreted (parsed) by a program to be meaningful. \nThe exact interpretation depends upon the use.
Earth's rotation Earth's rotation or Earth's spin is the rotation of planet Earth around its own axis, as well as changes in the orientation of the rotation axis in space. Earth rotates eastward, in prograde motion.
Product design Product design as a verb is to create a new product to be sold by a business to its customers. A very broad coefficient and effective generation and development of ideas through a process that leads to new products.
Aston Villa F.C. Aston Villa Football Club is a professional football club based in Aston, Birmingham, England. The club competes in the Premier League, the top tier of the English football league system.
Speleothem A speleothem (; from Greek: σπήλαιον, spḗlaion, 'cave' + θέμα, théma, 'deposit') is a geological formation by mineral deposits that accumulate over time in natural caves. Speleothems most commonly form in calcareous caves due to carbonate dissolution reactions.
Fisher Investments Fisher Investments is an independent money management firm headquartered in Camas, Washington.\n\n\n== History ==\nKen Fisher founded the firm in 1979, incorporated in 1986, then served as CEO until July 2016, when he was succeeded by long-time Fisher Investments employee Damian Ornani.
VakıfBank VakıfBank is the second largest bank in Turkey in terms of asset size, established with an initial capital of TL 50 million on January 11, 1954 and later started operating on April 13, 1954. Abdi Serdar Üstünsalih has been selected as the CEO of the Bank.VakıfBank has 939 branches, 4,230 ATMs and 624,702 units of POS that constitute its distribution channels as of June 30, 2021.
Google Base Google Base was a database provided by Google into which any user can add almost any type of content, such as text, images, and structured information in formats such as XML, PDF, Excel, RTF, or WordPerfect. As of September 2010, the product has been downgraded to Google Merchant Center.If Google found user-added content relevant, submitted content appeared on its shopping search engine, Google Maps or even the web search.
Google Store Google Store is a hardware retail store operated by Google, that sells Google Pixel devices, Google Nest products, Stadia, Chromecast dongles, Fitbit devices, and accessories such as earbuds, phone cases, chargers, and keyboards. It also sold Nexus, Daydream, and Cardboard devices until their discontinuations.
Avon Products Avon Products, Inc. or simply known as Avon, is a British multinational cosmetics, skin care, fragrance and personal care company, based in London.
Comparison of top chess players throughout history Several methods have been suggested for comparing the greatest chess players in history. There is agreement on a statistical system to rate the strengths of current players, called the Elo system, but disagreement about methods used to compare players from different generations who never competed against each other.
Decline of the Glass–Steagall Act This article is about the decline of the effect of Glass–Steagall: legislation, limits, and loopholes.\nThe Glass–Steagall Act was a part of the 1933 Banking Act.
Substantially equal periodic payments Substantially equal periodic payments (SEPP) are one of the exceptions in the United States Internal Revenue Code that allows a retiree to receive payments before age 591⁄2 from a retirement plan or deferred annuity without the 10% early distribution penalty under certain circumstances.\n\n\n== Rules ==\nThe rules for SEPPs are set out in Code section 72(t) (for retirement plans) and section 72(q) (for annuities), and allow for three methods of calculating the allowed withdrawal amount:\n\nRequired minimum distribution method, based on the life expectancy of the account owner (or the joint life of the owner and his/her beneficiary) using the IRS tables for required minimum distributions.
Hyporeflexia Hyporeflexia refers to below normal or absent reflexes (areflexia). It can be detected through the use of a reflex hammer.
Human impact on the environment Human (or anthropogenic) impact on the environment refers to changes to biophysical environments and to ecosystems, biodiversity, and natural resources caused directly or indirectly by humans. Modifying the environment to fit the needs of society is causing severe effects including global warming, environmental degradation (such as ocean acidification), mass extinction and biodiversity loss, ecological crisis, and ecological collapse.
This Changes Everything This Changes Everything: Capitalism vs. the Climate is Naomi Klein's fourth book; it was published in 2014 by Simon & Schuster.
Employee benefits Employee benefits and (especially in British English) benefits in kind (also called fringe benefits, perquisites, or perks) include various types of non-wage compensation provided to employees in addition to their normal wages or salaries. Instances where an employee exchanges (cash) wages for some other form of benefit is generally referred to as a "salary packaging" or "salary exchange" arrangement.
Washington Federal Washington Federal, Inc. is a bank based in Seattle, Washington, in the United States.
Common stock dividend A common stock dividend is the dividend paid to common stock owners from the profits of the company. Like other dividends, the payout is in the form of either cash or stock.
Blackadder Goes Forth Blackadder Goes Forth is the fourth series of the BBC sitcom Blackadder, written by Richard Curtis and Ben Elton, which aired from 28 September to 2 November 1989 on BBC1. The series placed the recurring characters of Blackadder, Baldrick, and George in a trench in Flanders during World War I, and followed their various doomed attempts to escape from the trenches to avoid death under the misguided command of General Melchett.
Paris Agreement The Paris Agreement (French: Accord de Paris), often referred to as the Paris Accords or the Paris Climate Accords, is an international treaty on climate change, adopted in 2015. It covers climate change mitigation, adaptation, and finance.
Activist shareholder An activist shareholder is a shareholder who uses an equity stake in a corporation to put pressure on its management. A fairly small stake (less than 10% of outstanding shares) may be enough to launch a successful campaign.
Finnish Defence Forces The Finnish Defence Forces (Finnish: Puolustusvoimat, Swedish: Försvarsmakten) are the military of Finland. The Finnish Defence Forces consist of the Finnish Army, the Finnish Navy and the Finnish Air Force.
Military recruitment Military recruitment refers to the activity of attracting people to, and selecting them for, military training and employment.\n\n\n== Demographics ==\n\n\n=== Gender ===\n\nAcross the world, a large majority of recruits to state armed forces and non-state armed groups are male.
Risk Factors
HERITAGE FINANCIAL CORP /WA/ ITEM 1A RISK FACTORS The following are certain risks that management believes are specific to our business
Future loan losses may exceed our allowance for loan losses We are subject to credit risk, which is the risk of losing principal or interest due to borrowers’ failure to repay loans in accordance with their terms
A downturn in the economy or the real estate market in our market 18 ______________________________________________________________________ [44]Table of Contents areas or a rapid change in interest rates could have a negative effect on collateral values and borrowers’ ability to repay
This deterioration in economic conditions could result in losses to the Company in excess of loan loss allowances
To the extent loan charge-offs exceed our financial models, increased amounts charged to the provision for loan losses would reduce income
Rapidly changing interest rate environments could reduce our net interest margin, net interest income, fee income and net income Interest and fees on loans and securities, net of interest paid on deposits and borrowings, are a large part of our net income
Interest rates are key drivers of our net interest margin and subject to many factors beyond the control of management
As interest rates change, net interest income is affected
Rapid increases in interest rates in the future could result in interest expense increasing faster than interest income because of mismatches in financial instrument maturities
Further, substantially higher interest rates generally reduce loan demand and may result in slower loan growth
Decreases or increases in interest rates could have a negative effect on the spreads between the interest rates earned on assets and the rates of interest paid on liabilities, and therefore decrease net interest income
See “Quantitative and Qualitative Disclosures about Market Risk
” Slower than anticipated growth in new branches and new product and service offerings could result in reduced net income We have placed a strategic emphasis on expanding our branch network and product offerings
Executing this strategy carries risks of slower than anticipated growth both in new branches and new products
New branches and products require a significant investment of both financial and personnel resources
Lower than expected loan and deposit growth in new investments can decrease anticipated revenues and net income generated by those investments, and opening new branches and introducing new products could result in more additional expenses than anticipated and divert resources from current core operations
The financial services industry is very competitive We face competition in attracting and retaining deposits, making loans, and providing other financial services throughout our market area
Our competitors include other community banks, larger banking institutions, and a wide range of other financial institutions such as credit unions, government-sponsored enterprises, mutual fund companies, insurance companies and other non-bank businesses
Many of these competitors have substantially greater resources than us
Decreased volumes and lower gains on sales and brokering of mortgage loans sold could adversely impact net income We originate and sell mortgage loans as well as broker mortgage loans
Changes in interest rates affect demand for our loan products and the revenue realized on the sale of loans
We may fail to complete or fail to realize anticipated benefits from our proposed acquisition of Western Washington Bancorp
On January 24, 2006, we entered into a definitive agreement pursuant to which we agreed to acquire Western Washington Bancorp by means of a merger of Western Washington Bancorp and Heritage Financial Corporation in which outstanding shares of Western Washington Bancorp common stock will be exchanged for cash and common shares of the Company
As part of the merger, Western Washington Bancorp’s banking subsidiary, Washington State Bank, NA, will be merged with and into Heritage Bank
Completion of the merger is subject to satisfaction of various conditions set forth in the merger agreement, including regulatory and Western Washington Bancorp shareholder approvals, and therefore may or may not be completed
In addition, 19 ______________________________________________________________________ [45]Table of Contents the combined bank may fail to realize some or all of the anticipated cost savings and other benefits of the transaction and integration issues could cause higher than anticipated expenses and lower benefits from the merger than currently anticipated
Inability to hire or retain certain key professionals, management and staff could adversely affect our revenues and net income
We rely on key personnel to manage and operate our business, including major revenue generating functions such as our loan and deposit portfolios
The loss of key staff may adversely affect our ability to maintain and manage these portfolios effectively, which could negatively effect our revenues
In addition, loss of key personnel could result in increased recruiting and hiring expenses, which could cause a decrease in our net income