Heritage Bank Mortgage Rates, Fees & Info

Olympia, WA

LEI: 549300Z2B4FHRYOXTS09

Tax ID: 91-1618099

4.9 stars - out of 5 stars, based on 23 reviews

Latest/2021 | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & 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 by origination volume include: Seattle, Bellingham, Portland, Oak Harbor, and Bremerton among others. We have data for 19 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Heritage Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Heritage Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.52% 3/19/23
    30 Year Conventional Refi 6.57% 3/19/23
    30 Year Cash-out Refi 6.68% 3/19/23
    30 Year FHA Purchase 6.27% 3/19/23
    30 Year VA Purchase 5.96% 3/19/23
    30 Year VA Refi 6.10% 3/19/23
    15 Year Conventional Purchase 5.74% 3/19/23
    15 Year Conventional Refi 5.66% 3/19/23
    15 Year Cash-out Refi 5.66% 3/19/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    522

    Origination Dollar Volume (All Markets)

    $330,490,000

    Employee count

    767

    Relative Rate

    Heritage Bank's average 30 year fixed mortgage rate was 3.16%.

    The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.

    This yields a difference of 0.01%.

    Relative Fees (Closing Costs)

    Heritage Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $4,810.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    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.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Utah (FHA|USDA|VA)
  • Montana (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Heritage Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    People's Community Federal Credit Union
    Similarity Rank: 86
    O BEE
    Similarity Rank: 447
    CASTPARTS EMPLOYEES
    Similarity Rank: 660
    Olympia Federal Savings & Loan Association
    Similarity Rank: 840
    Yakima Federal Savings and Loan Association
    Similarity Rank: 1065
    Pacific NW Federal Credit Union
    Similarity Rank: 1406
    SELCO COMMUNITY
    Similarity Rank: 1725
    Wauna Federal Credit Union
    Similarity Rank: 1908
    OREGONIANS CREDIT UNION
    Similarity Rank: 2144
    SOUND
    Similarity Rank: 2289

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 509 $326,485,000 $641,424 $4,805 3.03%
    VA 13 $4,005,000 $308,077 $5,505 2.63%

    For 2021, Heritage Bank's most frequently originated type of loan was Conventional, with 509 originations. Their 2nd most popular type was VA, with 13 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Heritage Bank's most frequently cited loan purpose was Refi, with 214 originations. The 2nd most popular reason was 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 2021, Heritage Bank's most frequently cited loan duration was 30 Year, with 316 originations. The 2nd most popular length was 15 Year, with 119 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost 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 28 $10,830,000 $386,786
    $4k-5k 16 $6,790,000 $424,375

    Heritage Bank's average total fees were $4,810, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.16%, while their most frequently originated rate bucket for loans was 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 or Islander 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 applications
    87.82%

    Heritage Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.52%

    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 19510 58th Ave W Lynnwood, WA 98036 Full Service B&M $74,429
    Heritage Bank 100 North Main Street Ellensburg, WA 98926 Full Service B&M $20,992
    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
    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 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 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 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

    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