Use Heritage Financial Corporation (HFC) 2016 annual report to answer the following questions
1. What are the main uses of funds by HFC?
2. Summarize any statements made by HFC in its annual report about how recent or potential regulations will affect its performance.
3. Assess HFC’s balance sheet as well as any comments in its annual report about the gap between its rate-sensitive assets and its rate-sensitive liabilities. Does HFC have a positive gap or a negative gap? (Gap = Rate-sensitive assets – Rate-sensitive liabilities)
4. Summarize any statements made by HFC in its annual report about how it attempts to limit its exposure to credit risk on the loans it provides.