Heritage Financial Corp. reported net income for the quarter ended March 31of $4.2 million, compared to net income of $764,000 for the quarter ended March 31, 2011 and $2.2 million for the linked-quarter ended December 31, 2011. 

The net income for the quarter ended March 31, 2012 was 27 cents per diluted share, compared to 5 cents per diluted share for the quarter ended March 31, 2011, and 14 cents per diluted share for the linked-quarter ended December 31, 2011. 

Olympia-based Heritage Financial operates two community banks, Heritage Bank and Central Valley Bank.