Heritage Bank Mortgage Rates, Fees & Info
Olympia, WALEI: 549300Z2B4FHRYOXTS09
Tax ID: 91-1618099
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Bank Data
Overview
Heritage Bank is a smaller bank specializing in Refi and Home Purchase loans. Heritage Bank has a high proportion of conventional loans. Their top markets include Seattle, Bellingham, Portland, Oak Harbor, and Bremerton among others. Heritage Bank has an average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Heritage Bank is typically an average fee lendor.Originations
522Origination Dollar Volume (All Markets)
$330,490,000Employee count
767Relative Rate
Heritage Bank's average 30 year fixed rate mortgage of loans were
3.16%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of 0.01%.
Relative Fees
Heritage Bank's average total fees for a 30 year fixed rate
mortgage are $4,810.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 159 | $98,505,000 | $619,528 | $4,822 | 3.00% |
| BELLINGHAM, WA (FHA|USDA|VA) | 84 | $52,010,000 | $619,167 | $4,775 | 3.10% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 31 | $50,115,000 | $1,616,613 | $4,324 | 2.93% |
| Oak Harbor, WA (FHA|USDA|VA) | 105 | $38,395,000 | $365,667 | $4,859 | 3.02% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 6 | $35,610,000 | $5,935,000 | $2,818 | 3.42% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 52 | $19,550,000 | $375,962 | $4,358 | 2.97% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 34 | $10,660,000 | $313,529 | $4,273 | 3.07% |
| Outside of Metro Areas | 10 | $8,590,000 | $859,000 | $8,072 | 3.04% |
| YAKIMA, WA (FHA|USDA|VA) | 14 | $4,160,000 | $297,143 | $4,568 | 3.04% |
| Heber, UT (FHA|USDA|VA) | 1 | $3,605,000 | $3,605,000 | $27,307 | 3.13% |
| LONGVIEW, WA (FHA|USDA|VA) | 6 | $2,720,000 | $453,333 | $6,778 | 3.02% |
| Centralia, WA (FHA|USDA|VA) | 5 | $1,445,000 | $289,000 | $3,528 | 2.50% |
| WENATCHEE, WA (FHA|USDA|VA) | 4 | $1,260,000 | $315,000 | $3,620 | 3.01% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 2 | $1,170,000 | $585,000 | $7,912 | 3.19% |
| Prineville, OR (FHA|USDA|VA) | 1 | $875,000 | $875,000 | $12,188 | 3.38% |
| Shelton, WA (FHA|USDA|VA) | 3 | $685,000 | $228,333 | $4,940 | 2.71% |
| SALEM, OR (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $5,024 | 3.25% |
| Ellensburg, WA (FHA|USDA|VA) | 2 | $320,000 | $160,000 | $2,388 | 2.81% |
| Port Angeles, WA (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $3,278 | 2.75% |
Heritage Bank's top markets include Seattle, Bellingham, Portland, Oak Harbor, and Bremerton among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 509 | $326,485,000 | $641,424 | $4,805 | 3.03% |
| VA | 13 | $4,005,000 | $308,077 | $5,505 | 2.63% |
For the 2021 period, Heritage Bank's most frequently originated loan type of loans were Conventional, with 509 originations. Their 2nd most popular type is VA, with 13 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Refi | 214 | $91,230,000 | $426,308 | $4,109 | 2.83% |
| Home Purchase | 156 | $189,290,000 | $1,213,397 | $7,001 | 3.27% |
| Cash Out Refi | 136 | $43,950,000 | $323,162 | $4,056 | 3.01% |
| Other | 10 | $4,350,000 | $435,000 | $4,149 | 3.01% |
| Home Improvement | 6 | $1,670,000 | $278,333 | $2,712 | 3.25% |
For the 2021, Heritage Bank's most frequently cited loan purpose of loans were Refi, with 214 originations. The 2nd most popular reason of loans were Home Purchase, with 156 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 316 | $123,010,000 | $389,272 | $4,810 | 3.16% |
| 15 Year | 119 | $41,545,000 | $349,118 | $3,481 | 2.25% |
| 10 Year | 37 | $44,185,000 | $1,194,189 | $2,781 | 3.64% |
| 30+ year | 23 | $14,405,000 | $626,304 | $12,073 | 3.59% |
| Other | 12 | $89,480,000 | $7,456,667 | $0 | 3.19% |
| 20 Year | 10 | $7,950,000 | $795,000 | $5,012 | 2.93% |
| 1 Year | 4 | $6,610,000 | $1,652,500 | $0 | 5.00% |
| 5 Year | 1 | $3,305,000 | $3,305,000 | $0 | 3.50% |
For the 2021, Heritage Bank's most frequently cited loan length of loans were 30 Year, with 316 originations. The 2nd most popular length of loans were 15 Year, with 119 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 202 | $72,570,000 | $359,257 |
| $1k-2k | 80 | $20,890,000 | $261,125 |
| $5k+ | 62 | $49,380,000 | $796,452 |
| $2k-3k | 50 | $16,240,000 | $324,800 |
| $3k-4k | 44 | $17,620,000 | $400,455 |
$4,810 of loans were Heritage Bank's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 202 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 236 | $155,490,000 | $658,856 |
| 2.5-3% | 150 | $81,230,000 | $541,533 |
| <2.5% | 121 | $80,465,000 | $665,000 |
| 4-5% | 15 | $13,305,000 | $887,000 |
During 2021, Heritage Bank's average interest rate of loans were 3.16%, while their most frequently originated rate bucket of loans were 3-4%, with 236 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 193 | $55,715,000 | $288,679 | $3,774 | 2.95% |
| $400k-600k | 140 | $67,140,000 | $479,571 | $5,298 | 3.14% |
| $100k-200k | 92 | $14,240,000 | $154,783 | $2,974 | 2.89% |
| $1MM+ | 45 | $166,525,000 | $3,700,556 | $12,641 | 3.19% |
| $600k-1MM | 33 | $25,435,000 | $770,758 | $9,286 | 3.11% |
| $100,000 or less | 19 | $1,435,000 | $75,526 | $2,734 | 2.89% |
2021 saw Heritage Bank place emphasis on $200k-400k loans with 193 originations, totaling $55,715,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 89 | $33,415,000 | $375,449 | $4,660 | 2.97% |
| $250k+ | 83 | $63,265,000 | $762,229 | $7,950 | 2.92% |
| $50k-75k | 80 | $19,990,000 | $249,875 | $4,036 | 3.03% |
| $75k-100k | 76 | $22,720,000 | $298,947 | $3,991 | 3.05% |
| $150k-250k | 69 | $29,535,000 | $428,043 | $4,997 | 2.89% |
| $50k or less | 33 | $5,605,000 | $169,848 | $3,358 | 3.03% |
Heritage Bank lent most frequently to those with incomes in the $100k-150k range, with 89 originations. The second most popular income band? $250k+, with 83 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 113 | $42,025,000 | $371,903 | $4,299 | 2.93% |
| <20% | 95 | $37,645,000 | $396,263 | $4,694 | 2.84% |
| 30-36% | 87 | $37,605,000 | $432,241 | $5,014 | 2.84% |
| 38% | 19 | $6,325,000 | $332,895 | $4,412 | 2.97% |
| 42% | 18 | $9,040,000 | $502,222 | $5,745 | 3.15% |
| 36% | 18 | $7,120,000 | $395,556 | $5,582 | 3.22% |
| 40% | 18 | $7,320,000 | $406,667 | $4,807 | 2.95% |
| 41% | 16 | $7,900,000 | $493,750 | $7,400 | 3.40% |
| 44% | 13 | $4,715,000 | $362,692 | $4,589 | 3.21% |
| 37% | 12 | $3,900,000 | $325,000 | $4,065 | 2.85% |
| 43% | 12 | $6,830,000 | $569,167 | $5,719 | 2.75% |
| 46% | 10 | $2,760,000 | $276,000 | $4,307 | 2.86% |
| 39% | 10 | $4,450,000 | $445,000 | $6,585 | 2.95% |
| 45% | 9 | $2,135,000 | $237,222 | $3,324 | 3.39% |
| 49% | 5 | $2,335,000 | $467,000 | $3,820 | 2.95% |
| 48% | 4 | $1,600,000 | $400,000 | $5,070 | 3.34% |
| 47% | 3 | $975,000 | $325,000 | $4,621 | 3.29% |
| 50-60% | 2 | $680,000 | $340,000 | $6,953 | 3.63% |
Heritage Bank lent most frequently to those with DTI ratios of 20-30%, with 113 originations. The next most common DTI ratio? <20%, with 95 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| White | 366 | $150,770,000 | $411,940 | $4,843 | 2.93% |
| Not applicable | 46 | $139,770,000 | $3,038,478 | $0 | 3.69% |
| Not provided | 78 | $29,560,000 | $378,974 | $5,063 | 3.03% |
| Asian | 19 | $6,245,000 | $328,684 | $3,410 | 2.96% |
| American Indian | 5 | $1,795,000 | $359,000 | $6,088 | 3.20% |
| Black | 3 | $865,000 | $288,333 | $3,814 | 3.25% |
| Native Hawaiian | 3 | $785,000 | $261,667 | $2,924 | 3.21% |
| Filipino | 1 | $365,000 | $365,000 | $7,004 | 2.75% |
| Guamanian | 1 | $335,000 | $335,000 | $2,286 | 3.00% |
Approval Rates
Total approvals of all applications86.83%
Heritage Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.89%
Heritage Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 522 | $330,490,000 | $633,123 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 522 | $330,490,000 | $633,123 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 141 | $47,305,000 | $335,496 | $3,690 | 2.80% |
| 40-60% | 152 | $103,390,000 | $680,197 | $4,827 | 3.03% |
| 60-80% | 152 | $152,960,000 | $1,006,316 | $5,921 | 3.24% |
| 80-100% | 45 | $20,205,000 | $449,000 | $5,894 | 3.15% |
| Under 20% | 25 | $4,595,000 | $183,800 | $3,387 | 2.71% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Heritage Bank | 100 North Main Street Ellensburg, WA 98926 | Full Service B&M | $20,992 |
| Heritage Bank | 1119 Pacific Avenue, Suite 300 Tacoma, WA 98402 | Full Service B&M | $136,758 |
| Heritage Bank | 11832 Mukilteo Speedway Mukilteo, WA 98275 | Full Service B&M | $125,097 |
| Heritage Bank | 1201 Ne Lloyd Blvd., Suite 290 Portland, OR 97232 | Full Service B&M | $27,067 |
| Heritage Bank | 12803 Canyon Road E Puyallup, WA 98373 | Full Service B&M | $88,404 |
| Heritage Bank | 1307 East Main Street Puyallup, WA 98372 | Full Service B&M | $166,514 |
| Heritage Bank | 1420 5th Ave, Suite 3600 Seattle, WA 98101 | Full Service B&M | $152,746 |
| Heritage Bank | 1504 132nd St Se Mill Creek, WA 98012 | Full Service B&M | $107,614 |
| Heritage Bank | 15211 Pacific Ave S Tacoma, WA 98444 | Full Service B&M | $53,701 |
| Heritage Bank | 165 E. Mcelroy Dr. Camano Island, WA 98282 | Full Service B&M | $82,471 |
| Heritage Bank | 1700 Urban Ave Mount Vernon, WA 98273 | Full Service B&M | $40,846 |
| Heritage Bank | 1722 South Union Avenue Tacoma, WA 98405 | Full Service B&M | $239,849 |
| Heritage Bank | 1800 South Burlington Boulevard Burlington, WA 98233 | Full Service B&M | $155,422 |
| Heritage Bank | 32303 Pacific Highway S Federal Way, WA 98003 | Full Service B&M | $99,672 |
| Heritage Bank | 3866 S 74th St Tacoma, WA 98409 | Full Service Cyber Office | $0 |
| Heritage Bank | 401 N. Main Coupeville, WA 98239 | Full Service B&M | $90,256 |
| Heritage Bank | 415 W James St Kent, WA 98032 | Full Service B&M | $53,088 |
| Heritage Bank | 4220-172nd Street Northeast Arlington, WA 98223 | Full Service B&M | $112,521 |
| Heritage Bank | 4400 Pacific Avenue Se Lacey, WA 98503 | Full Service B&M | $162,053 |
| Heritage Bank | 450 Sw Bayshore Drive Oak Harbor, WA 98277 | Full Service B&M | $142,533 |
| Heritage Bank | 4627 S Meridian Puyallup, WA 98373 | Full Service B&M | $72,277 |
| Heritage Bank | 5119 Olympic Drive Nw Gig Harbor, WA 98335 | Full Service B&M | $61,429 |
| Heritage Bank | 535 Market Street, Suite A Friday Harbor, WA 98250 | Full Service B&M | $68,118 |
| Heritage Bank | 537 West Second Toppenish, WA 98948 | Full Service B&M | $102,707 |
| Heritage Bank | 5590 S Harbor Ave Freeland, WA 98249 | Full Service B&M | $183,271 |
| Heritage Bank | 5615 Evergreen Way Everett, WA 98203 | Full Service B&M | $78,176 |
| Heritage Bank | 19510 58th Ave W Lynnwood, WA 98036 | Full Service B&M | $74,429 |
| Heritage Bank | 201 5th Avenue, S.W. Olympia, WA 98501 | Limited, Mobile/Seasonal Office | $0 |
| Heritage Bank | 201 5th Avenue, S.W. Olympia, WA 98501 | Full Service B&M | $252,851 |
| Heritage Bank | 20333 Ballinger Way, Ne Shoreline, WA 98155 | Full Service B&M | $133,683 |
| Heritage Bank | 2202 Commercial Ave. Anacortes, WA 98221 | Full Service B&M | $120,726 |
| Heritage Bank | 2205 South First Street Yakima, WA 98903 | Full Service B&M | $92,670 |
| Heritage Bank | 26317 72nd Avenue Nw Stanwood, WA 98292 | Full Service B&M | $62,297 |
| Heritage Bank | 265 York Street Bellingham, WA 98225 | Full Service B&M | $159,727 |
| Heritage Bank | 2811 19th Avenue, Suite A Forest Grove, OR 97116 | Full Service B&M | $48,391 |
| Heritage Bank | 301 E Wallace Kneeland Blvd, Suite 115 Shelton, WA 98584 | Full Service B&M | $71,433 |
| Heritage Bank | 301 West Yakima Avenue Yakima, WA 98902 | Full Service B&M | $50,718 |
| Heritage Bank | 314 East Main Street Hillsboro, OR 97123 | Full Service B&M | $141,240 |
| Heritage Bank | 5801 Tacoma Mall Blvd Tacoma, WA 98409 | Full Service B&M | $156,390 |
| Heritage Bank | 675 Ne Midway Blvd Oak Harbor, WA 98277 | Full Service B&M | $50,198 |
| Heritage Bank | 700 Washington Street, Suite 708 Vancouver, WA 98660 | Full Service B&M | $77,049 |
| Heritage Bank | 7632 Sw Durham Road, Suite 125 Tigard, OR 97224 | Full Service B&M | $133,198 |
| Heritage Bank | 850 Trosper Road Sw Tumwater, WA 98512 | Full Service B&M | $61,545 |
| Heritage Bank | 900 Cooper Point Southwest Olympia, WA 98502 | Full Service B&M | $142,350 |
| Heritage Bank | 920 West Bakerview Road Bellingham, WA 98226 | Full Service B&M | $76,165 |
| Heritage Bank | 927 Commerce Avenue Longview, WA 98632 | Full Service B&M | $100,621 |
| Heritage Bank | 9515 Ne Windsor Street Beaverton, OR 97006 | Full Service B&M | $92,265 |
| Heritage Bank | 1000 Braodway, Suite 2170 Portland, OR 97205 | Full Service B&M | $180,116 |
| Heritage Bank | 1000 South 13th St Kelso, WA 98626 | Full Service B&M | $55,899 |
| Heritage Bank | 1001 D Street Ne Auburn, WA 98002 | Full Service B&M | $94,258 |
| Heritage Bank | 1005 Wood Ave Sumner, WA 98390 | Full Service B&M | $87,501 |
| Heritage Bank | 1031 State Avenue Marysville, WA 98270 | Full Service B&M | $38,571 |
| Heritage Bank | 10318 Gravelly Lake Dr Sw Tacoma, WA 98499 | Full Service B&M | $144,682 |
| Heritage Bank | 105 1st St, #101 Langley, WA 98260 | Full Service B&M | $60,963 |
| Heritage Bank | 10500 Ne 8th St, Ste 1500 Bellevue, WA 98004 | Full Service B&M | $699,966 |
For 2021, Heritage Bank had 55 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $212,831 |
| Net interest income | $206,514 |
| Total noninterest income | $35,788 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $6,281 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $29,507 |
| Pre-tax net operating income | $126,897 |
| Securities gains (or losses, -) | $29 |
| Income before extraordinary items | $103,058 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $103,058 |
| Minority interest net income | $0 |
| Net income | $103,058 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $103,034 |
Heritage Bank's gross interest income from loans was $212,831,000.
Heritage Bank's net interest income from loans was $206,514,000.
Heritage Bank's fee based income from loans was $6,281,000.
Heritage Bank's net income from loans was $103,058,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $6,317 |
| Provision for credit losses | $-29,372 |
| Total noninterest expense | $144,777 |
| Salaries and employee benefits | $85,391 |
| Premises and equipment expense | $16,748 |
| Additional noninterest expense | $42,638 |
| Applicable income taxes | $23,868 |
| Net charge-offs | $526 |
| Cash dividends | $46,000 |
Heritage Bank's interest expense for loans was $6,317,000.
Heritage Bank's payroll and benefits expense were $85,391,000.
Heritage Bank's property, plant and equipment expenses $16,748,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 0.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $6,397,803 |
| Deposits held in domestic offices | $6,397,803 |
| Deposits by Individuals, partnerships, and corporations | $6,202,832 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $183,754 |
| Deposits by Commercial banks and other depository institutions in U.S. | $11,217 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $984,260 |
| Demand deposits | $559,205 |
| Nontransaction accounts | $5,413,543 |
| Money market deposit accounts (MMDAs) | $1,120,174 |
| Other savings deposits (excluding MMDAs) | $3,950,530 |
| Total time deposits | $342,839 |
| Total time and savings deposits | $5,838,598 |
| Noninterest-bearing deposits | $2,347,422 |
| Interest-bearing deposits | $4,050,381 |
| Retail deposits | $6,298,022 |
| IRAs and Keogh plan accounts | $41,625 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $7,429,804 |
| Cash & Balances due from depository institutions | $1,723,292 |
| Interest-bearing balances | $1,661,915 |
| Total securities | $1,277,728 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $3,774,777 |
| Loan and leases loss allowance | $42,361 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $105,794 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $251,256 |
| All other assets | $296,957 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $7,429,804 |
| Total Liabilities | $6,559,942 |
| Total deposits | $6,397,803 |
| Interest-bearing deposits | $4,050,381 |
| Deposits held in domestic offices | $6,397,803 |
| % insured (estimated) | $58 |
| Federal funds purchased and repurchase agreements | $50,839 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $111,300 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $3,774,777 |
| Loan and leases loss allowance | $42,361 |
| Total loans and leases (domestic) | $3,817,138 |
| All real estate loans | $2,900,589 |
| Real estate loans in domestic offices | $2,900,589 |
| Construction and development loans | $237,894 |
| Residential 1-4 family construction | $55,834 |
| Other construction, all land development and other land | $182,060 |
| Loans secured by nonfarm nonresidential properties | $2,051,912 |
| Nonfarm nonresidential secured by owner-occupied properties | $919,312 |
| Commercial real estate & other non-farm, non-residential | $1,132,600 |
| Multifamily residential real estate | $199,475 |
| 1-4 family residential loans | $362,752 |
| Farmland loans | $48,556 |
| Loans held in foreign offices | $0 |
| Farm loans | $21,013 |
| Commercial and industrial loans | $523,269 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $126,697 |
| Credit card loans | $6,611 |
| Related Plans | $3,183 |
| Consumer Auto Loans | $113,830 |
| Other loans to individuals | $3,073 |
| All other loans & leases | $245,570 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $59,846 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $85,437 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $58,016 |
| Non 1-4 family restructured loans & leases | $57,227 |
| Total loans and leases (foreign) | $0 |
Heritage Bank had $3,774,777,000 of loans outstanding in 2021. $2,900,589,000 of loans were in real estate loans. $237,894,000 of loans were in development loans. $199,475,000 of loans were in multifamily mortgage loans. $362,752,000 of loans were in 1-4 family mortgage loans. $21,013,000 of loans were in farm loans. $6,611,000 of loans were in credit card loans. $113,830,000 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 1,075 | $371,433 | $345,519 |
| Nonfarm, nonresidential loans - <$100k | 45 | $1,112 | $24,711 |
| Nonfarm, nonresidential loans - $100-250k | 235 | $30,117 | $128,157 |
| Nonfarm, nonresidential loans - $250k-1MM | 795 | $340,204 | $427,930 |
| Commercial & Industrial, US addressed loans - <$1MM | 3,160 | $322,939 | $102,196 |
| Commercial & Industrial, US addressed loans - <$100k | 1,600 | $36,207 | $22,629 |
| Commercial & Industrial, US addressed loans - $100-250k | 720 | $68,768 | $95,511 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 840 | $217,964 | $259,481 |
| Farmland loans - <$1MM | 80 | $13,782 | $172,275 |
| Farmland loans - <$100k | 9 | $316 | $35,111 |
| Farmland loans - $100-250k | 38 | $4,304 | $113,263 |
| Farmland loans - $250k-1MM | 33 | $9,162 | $277,636 |
| Agriculture operations loans - <$1MM | 122 | $10,417 | $85,385 |
| Agriculture operations loans - <$100k | 61 | $1,551 | $25,426 |
| Agriculture operations loans - $100-250k | 39 | $3,926 | $100,667 |
| Agriculture operations loans - $250k-1MM | 22 | $4,940 | $224,545 |
