Heritage Bank Mortgage Rates, Fees & Info

Olympia, WA

LEI: 549300Z2B4FHRYOXTS09

Tax ID: 91-1618099

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 Home Purchase loans. Heritage Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Seattle, Bellingham, Oak Harbor, Portland, and Mount Vernon among others. We have data for 22 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
    Home Equity Line of Credit (HELOC) 6.10% 4/21/24
    30 Year Conventional Purchase 6.42% 4/21/24
    30 Year Conventional Refi 6.82% 4/21/24
    30 Year Cash-out Refi 6.69% 4/21/24
    30 Year FHA Purchase 5.81% 4/21/24
    30 Year VA Purchase 6.27% 4/21/24
    15 Year Conventional Purchase 5.65% 4/21/24
    15 Year Conventional Refi 5.55% 4/21/24
    15 Year Cash-out Refi 5.55% 4/21/24
    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.

    Heritage Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Heritage Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    388

    Origination Dollar Volume (All Markets)

    $165,720,000

    Employee count

    859

    Awards

    Heritage Bank 30 Year Conventional Loans bronze Heritage Bank 30 Year Conventional Loans bronze Heritage Bank VA Loans bronze
    Show all (3) awards

    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) 135 $69,585,000 $515,444 $6,545 4.88%
    BELLINGHAM, WA (FHA|USDA|VA) 50 $18,890,000 $377,800 $4,542 4.77%
    Oak Harbor, WA (FHA|USDA|VA) 55 $17,455,000 $317,364 $5,620 4.88%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 38 $16,530,000 $435,000 $5,046 5.06%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 47 $15,195,000 $323,298 $5,519 4.69%
    Outside of Metro Areas 9 $5,505,000 $611,667 $6,820 4.76%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 9 $4,545,000 $505,000 $3,497 4.71%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $2,720,000 $1,360,000 $0 5.19%
    YAKIMA, WA (FHA|USDA|VA) 9 $2,365,000 $262,778 $4,123 4.93%
    Aberdeen, WA (FHA|USDA|VA) 1 $2,275,000 $2,275,000 $0 5.38%
    Newport, OR (FHA|USDA|VA) 2 $2,070,000 $1,035,000 $6,076 4.75%
    LONGVIEW, WA (FHA|USDA|VA) 6 $1,620,000 $270,000 $4,578 4.96%
    Ellensburg, WA (FHA|USDA|VA) 6 $1,450,000 $241,667 $4,460 4.75%
    Shelton, WA (FHA|USDA|VA) 6 $1,200,000 $200,000 $5,520 5.15%
    WENATCHEE, WA (FHA|USDA|VA) 3 $1,045,000 $348,333 $5,327 4.67%
    Outside of Metro Areas 1 $1,005,000 $1,005,000 $10,176 4.38%
    Moses Lake, WA (FHA|USDA|VA) 2 $490,000 $245,000 $5,032 4.81%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 2 $480,000 $240,000 $0 5.75%
    BEND, OR (FHA|USDA|VA) 1 $435,000 $435,000 $4,089 4.75%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 2 $330,000 $165,000 $2,852 5.25%
    Centralia, WA (FHA|USDA|VA) 1 $315,000 $315,000 $8,955 5.00%
    BOISE CITY, ID (FHA|USDA|VA) 1 $215,000 $215,000 $2,425 4.88%
    Heritage Bank's top markets include Seattle, Bellingham, Oak Harbor, Portland, and Mount Vernon among others.

    Their top states include:
  • Washington (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Idaho (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: 33
    O BEE
    Similarity Rank: 236
    Sno Falls Credit Union
    Similarity Rank: 309
    Yakima Federal Savings and Loan Association
    Similarity Rank: 360
    Third Federal Savings and Loan Association of Cleveland
    Similarity Rank: 614
    CASTPARTS EMPLOYEES
    Similarity Rank: 900
    OREGON COMMUNITY
    Similarity Rank: 969
    Bank of the Pacific
    Similarity Rank: 1260
    Clackamas Federal Credit Union
    Similarity Rank: 1298
    InRoads Federal Credit Union
    Similarity Rank: 1432

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 358 $156,570,000 $437,346 $5,265 4.90%
    VA 21 $6,765,000 $322,143 $9,105 4.28%
    FHA 8 $2,030,000 $253,750 $8,666 4.61%
    USDA 1 $355,000 $355,000 $9,879 4.00%

    For 2018, Heritage Bank's most frequently originated type of loan was Conventional, with 358 originations. Their 2nd most popular type was VA, with 21 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 238 $108,570,000 $456,176 $6,226 4.89%
    Cash Out Refi 75 $20,965,000 $279,533 $4,823 4.73%
    Refi 60 $27,560,000 $459,333 $4,267 4.88%
    Home Improvement 9 $7,025,000 $780,556 $2,775 5.09%
    Other 6 $1,600,000 $266,667 $4,624 4.85%

    For 2018, Heritage Bank's most frequently cited loan purpose was Home Purchase, with 238 originations. The 2nd most popular reason was Cash Out Refi, with 75 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 266 $84,400,000 $317,293 $4,892 4.78%
    30+ year 44 $26,190,000 $595,227 $10,767 5.04%
    10 Year 35 $27,965,000 $799,000 $0 5.31%
    15 Year 22 $5,020,000 $228,182 $3,990 4.27%
    Other 8 $6,970,000 $871,250 $7,665 5.79%
    20 Year 5 $1,365,000 $273,000 $4,279 5.10%
    5 Year 4 $9,840,000 $2,460,000 $0 4.86%
    1 Year 3 $1,725,000 $575,000 $0 5.75%
    3 Year 1 $2,245,000 $2,245,000 $0 5.00%

    For 2018, Heritage Bank's most frequently cited loan duration was 30 Year, with 266 originations. The 2nd most popular length was 30+ year, with 44 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 102 $28,040,000 $274,902
    $1k-2k 94 $26,130,000 $277,979
    $5k+ 47 $28,115,000 $598,191
    $2k-3k 42 $11,940,000 $284,286
    $3k-4k 27 $10,015,000 $370,926
    $4k-5k 24 $9,810,000 $408,750

    Heritage Bank's average total fees were $4,892, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 102 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 245 $99,485,000 $406,061
    5-6% 106 $55,100,000 $519,811
    3-4% 25 $8,395,000 $335,800
    6-7% 6 $2,600,000 $433,333
    7-8% 1 $105,000 $105,000

    During 2018, Heritage Bank's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 4-5%, with 245 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 185 $54,275,000 $293,378 $5,148 4.80%
    $400k-600k 68 $31,780,000 $467,353 $6,865 4.94%
    $100k-200k 61 $9,585,000 $157,131 $3,501 4.86%
    $600k-1MM 27 $19,585,000 $725,370 $8,772 4.98%
    $1MM+ 26 $49,160,000 $1,890,769 $18,313 4.92%
    $100,000 or less 21 $1,335,000 $63,571 $2,077 4.91%

    2018 saw Heritage Bank place emphasis on $200k-400k loans with 185 originations, totaling $54,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 70 $23,980,000 $342,571 $6,212 4.77%
    $150k-250k 61 $24,735,000 $405,492 $5,672 4.89%
    $75k-100k 60 $16,670,000 $277,833 $5,184 4.75%
    $50k-75k 58 $13,770,000 $237,414 $4,484 4.77%
    $250k+ 54 $32,400,000 $600,000 $8,386 4.89%
    $50k or less 33 $5,495,000 $166,515 $3,588 4.77%

    Heritage Bank lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $150k-250k, with 61 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 60 $23,140,000 $385,667 $5,578 4.75%
    20-30% 59 $20,225,000 $342,797 $5,513 4.82%
    <20% 29 $10,765,000 $371,207 $4,853 4.84%
    42% 24 $7,630,000 $317,917 $5,924 4.66%
    41% 22 $6,080,000 $276,364 $6,453 4.82%
    38% 14 $4,200,000 $300,000 $4,958 4.68%
    39% 14 $3,640,000 $260,000 $4,367 4.92%
    37% 14 $4,980,000 $355,714 $6,615 4.61%
    44% 14 $4,240,000 $302,857 $5,780 4.96%
    46% 13 $5,115,000 $393,462 $6,293 4.74%
    50-60% 13 $7,955,000 $611,923 $9,149 4.73%
    47% 11 $2,865,000 $260,455 $5,135 4.84%
    40% 10 $3,590,000 $359,000 $4,334 4.83%
    48% 10 $2,690,000 $269,000 $4,247 4.84%
    49% 9 $2,695,000 $299,444 $3,864 4.71%
    43% 7 $1,895,000 $270,714 $4,187 4.60%
    36% 6 $2,580,000 $430,000 $5,696 5.06%
    45% 5 $1,325,000 $265,000 $5,936 4.40%
    >60% 3 $1,515,000 $505,000 $10,099 5.08%

    Heritage Bank lent most frequently to those with DTI ratios of 30-36%, with 60 originations. The next most common DTI ratio? 20-30%, with 59 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 298 $99,610,000 $334,262 $5,487 4.81%
    Not applicable 37 $44,935,000 $1,214,459 $0 5.39%
    Not provided 36 $16,430,000 $456,389 $6,823 4.84%
    Asian 14 $3,860,000 $275,714 $4,959 4.62%
    Native Hawaiian or Islander 2 $830,000 $415,000 $5,167 4.25%
    American Indian 1 $55,000 $55,000 $2,742 4.63%

    Approval Rates

    Total approvals of all applications
    85.96%

    Heritage Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    78.61%

    Heritage Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 388 $165,720,000 $427,113

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 8 $13,310,000 $1,663,750
    Multifamily:Site-Built 12 $21,060,000 $1,755,000
    Single Family (1-4 Units):Manufactured 11 $1,885,000 $171,364
    Single Family (1-4 Units):Site-Built 357 $129,465,000 $362,647

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 33 $14,035,000 $425,303 $3,750 4.83%
    40-60% 75 $32,265,000 $430,200 $5,111 4.83%
    60-80% 181 $88,445,000 $488,646 $6,040 4.91%
    80-100% 85 $28,435,000 $334,529 $6,124 4.80%
    Over 100% 1 $375,000 $375,000 $14,950 4.50%
    Under 20% 11 $1,145,000 $104,091 $1,440 4.92%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Heritage Bank 100 North Main Street Ellensburg, WA 98926 Full Service B&M $20,229
    Heritage Bank 1000 Braodway, Suite 2170 Portland, OR 97205 Full Service B&M $76,020
    Heritage Bank 1000 South 13th St Kelso, WA 98626 Full Service B&M $37,795
    Heritage Bank 1001 D Street Ne Auburn, WA 98002 Full Service B&M $56,841
    Heritage Bank 1005 Wood Ave Sumner, WA 98390 Full Service B&M $59,965
    Heritage Bank 1031 State Avenue Marysville, WA 98270 Full Service B&M $34,234
    Heritage Bank 10318 Gravelly Lake Dr Sw Tacoma, WA 98499 Full Service B&M $62,644
    Heritage Bank 105 1st St, #101 Langley, WA 98260 Full Service B&M $41,267
    Heritage Bank 10500 N.E. 8th Street Bellevue, WA 98004 Full Service B&M $502,219
    Heritage Bank 1119 Pacific Avenue, Suite 300 Tacoma, WA 98402 Full Service B&M $58,987
    Heritage Bank 11832 Mukilteo Speedway Mukilteo, WA 98275 Full Service B&M $95,449
    Heritage Bank 1250 Nw Mall St Issaquah, WA 98027 Full Service B&M $16,863
    Heritage Bank 12803 Canyon Road E Puyallup, WA 98373 Full Service B&M $54,851
    Heritage Bank 1307 East Main Street Puyallup, WA 98372 Full Service B&M $73,750
    Heritage Bank 1420 5th Ave, Suite 3600 Seattle, WA 98101 Full Service B&M $59,058
    Heritage Bank 1504 132nd St Se Mill Creek, WA 98012 Full Service B&M $73,818
    Heritage Bank 15211 Pacific Ave S Tacoma, WA 98444 Full Service B&M $43,007
    Heritage Bank 16400 Se 18th St Vancouver, WA 98683 Full Service B&M $22,940
    Heritage Bank 165 E. Mcelroy Dr. Camano Island, WA 98282 Full Service B&M $61,094
    Heritage Bank 1700 Urban Ave Mount Vernon, WA 98273 Full Service B&M $25,001
    Heritage Bank 1722 South Union Avenue Tacoma, WA 98405 Full Service B&M $138,466
    Heritage Bank 1724 East 44th Street Tacoma, WA 98404 Full Service B&M $13
    Heritage Bank 1800 South Burlington Boulevard Burlington, WA 98233 Full Service B&M $97,068
    Heritage Bank 18840 8th Avenue, N.W. Shoreline, WA 98177 Full Service B&M $48,290
    Heritage Bank 19510 58th Ave W Lynnwood, WA 98036 Full Service B&M $62,089
    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 $371,989
    Heritage Bank 20333 Ballinger Way, Ne Shoreline, WA 98155 Full Service B&M $57,982
    Heritage Bank 209 S Meridian Puyallup, WA 98371 Full Service B&M $33,701
    Heritage Bank 2202 Commercial Ave. Anacortes, WA 98221 Full Service B&M $79,221
    Heritage Bank 2205 South First Street Yakima, WA 98903 Full Service B&M $45,551
    Heritage Bank 2504 East Bakerview Road Bellingham, WA 98226 Full Service B&M $31,994
    Heritage Bank 26317 72nd Avenue Nw Stanwood, WA 98292 Full Service B&M $31,731
    Heritage Bank 265 York Street Bellingham, WA 98225 Full Service B&M $91,825
    Heritage Bank 301 E Wallace Kneeland Blvd, Suite 115 Shelton, WA 98584 Full Service B&M $57,762
    Heritage Bank 301 West Yakima Avenue Yakima, WA 98902 Full Service B&M $33,591
    Heritage Bank 32303 Pacific Highway S Federal Way, WA 98003 Full Service B&M $56,886
    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 $81,712
    Heritage Bank 415 W James St Kent, WA 98032 Full Service B&M $25,377
    Heritage Bank 4220-172nd Street Northeast Arlington, WA 98223 Full Service B&M $75,998
    Heritage Bank 4400 Pacific Avenue Se Lacey, WA 98503 Full Service B&M $119,428
    Heritage Bank 450 Sw Bayshore Drive Oak Harbor, WA 98277 Full Service B&M $121,828
    Heritage Bank 4627 S Meridian Puyallup, WA 98373 Full Service B&M $40,267
    Heritage Bank 507 West 1st Street Wapato, WA 98951 Full Service B&M $18,100
    Heritage Bank 5119 Olympic Drive Nw Gig Harbor, WA 98335 Full Service B&M $21,850
    Heritage Bank 535 Market Street, Suite A Friday Harbor, WA 98250 Full Service B&M $47,600
    Heritage Bank 537 West Second Toppenish, WA 98948 Full Service B&M $53,259
    Heritage Bank 5448 South Tacoma Way Tacoma, WA 98409 Full Service B&M $76,708
    Heritage Bank 5590 S Harbor Ave Freeland, WA 98249 Full Service B&M $89,479
    Heritage Bank 5615 Evergreen Way Everett, WA 98203 Full Service B&M $28,314
    Heritage Bank 629 Sr 9 Ne Lake Stevens, WA 98258 Full Service B&M $30,871
    Heritage Bank 675 Ne Midway Blvd Oak Harbor, WA 98277 Full Service B&M $36,209
    Heritage Bank 700 Washington Street, Suite 708 Vancouver, WA 98660 Full Service B&M $13,093
    Heritage Bank 8002 Pacific Avenue Tacoma, WA 98408 Full Service B&M $34,362
    Heritage Bank 850 Trosper Road Sw Tumwater, WA 98512 Full Service B&M $42,793
    Heritage Bank 8786 Sr 525 Clinton, WA 98236 Full Service B&M $46,496
    Heritage Bank 8801 South Tacoma Way Tacoma, WA 98499 Full Service B&M $38,724
    Heritage Bank 900 Cooper Point Southwest Olympia, WA 98502 Full Service B&M $131,798
    Heritage Bank 920 West Bakerview Road Bellingham, WA 98226 Full Service B&M $33,618
    Heritage Bank 927 Commerce Avenue Longview, WA 98632 Full Service B&M $69,993

    For 2018, Heritage Bank had 61 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $199,377
    Net interest income $188,205
    Total noninterest income $32,157
    Gross Fiduciary activities income $969
    Service charges on deposit accounts $8,851
    Trading account gains and fees $0
    Additional Noninterest Income $22,337
    Pre-tax net operating income $72,081
    Securities gains (or losses, -) $137
    Income before extraordinary items $59,259
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $59,259
    Minority interest net income $0
    Net income $59,259
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $59,146

    Heritage Bank's gross interest income from loans was $199,377,000.
    Heritage Bank's net interest income from loans was $188,205,000.
    Heritage Bank's fee based income from loans was $8,851,000.
    Heritage Bank's net income from loans was $59,259,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $11,172
    Provision for credit losses $5,129
    Total noninterest expense $143,152
    Salaries and employee benefits $83,448
    Premises and equipment expense $19,210
    Additional noninterest expense $40,494
    Applicable income taxes $12,959
    Net charge-offs $2,173
    Cash dividends $30,000

    Heritage Bank's interest expense for loans was $11,172,000.
    Heritage Bank's payroll and benefits expense were $83,448,000.
    Heritage Bank's property, plant and equipment expenses $19,210,000.

    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 $4,457,361
    Deposits held in domestic offices $4,457,361
    Deposits by Individuals, partnerships, and corporations $4,225,939
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $226,207
    Deposits by Commercial banks and other depository institutions in U.S. $5,215
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $657,019
    Demand deposits $361,386
    Nontransaction accounts $3,800,342
    Money market deposit accounts (MMDAs) $765,264
    Other savings deposits (excluding MMDAs) $2,568,185
    Total time deposits $466,891
    Total time and savings deposits $4,095,975
    Noninterest-bearing deposits $1,372,625
    Interest-bearing deposits $3,084,736
    Retail deposits $4,313,319
    IRAs and Keogh plan accounts $52,794
    Brokered deposits $28,126
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,314,350
    Cash & Balances due from depository institutions $161,910
    Interest-bearing balances $69,206
    Total securities $976,095
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,620,673
    Loan and leases loss allowance $35,042
    Trading account assets $0
    Bank premises and fixed assets $80,693
    Other real estate owned $1,983
    Goodwill and other intangibles $261,553
    All other assets $211,443

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,314,350
    Total Liabilities $4,550,253
    Total deposits $4,457,361
    Interest-bearing deposits $3,084,736
    Deposits held in domestic offices $4,457,361
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $31,487
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $61,405

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,620,673
    Loan and leases loss allowance $35,042
    Total loans and leases (domestic) $3,655,715
    All real estate loans $2,537,036
    Real estate loans in domestic offices $2,537,036
    Construction and development loans $214,067
    Residential 1-4 family construction $80,539
    Other construction, all land development and other land $133,528
    Loans secured by nonfarm nonresidential properties $1,820,800
    Nonfarm nonresidential secured by owner-occupied properties $785,892
    Commercial real estate & other non-farm, non-residential $1,034,908
    Multifamily residential real estate $119,852
    1-4 family residential loans $330,889
    Farmland loans $51,428
    Loans held in foreign offices $0
    Farm loans $40,733
    Commercial and industrial loans $555,444
    To non-U.S. addressees $0
    Loans to individuals $283,108
    Credit card loans $7,277
    Related Plans $6,424
    Consumer Auto Loans $263,187
    Other loans to individuals $6,220
    All other loans & leases $239,394
    Loans to foreign governments and official institutions $0
    Other loans $40,297
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $45,678
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $22,659
    Non 1-4 family restructured loans & leases $21,429
    Total loans and leases (foreign) $0

    Heritage Bank had $3,620,673,000 of loans outstanding in 2018. $2,537,036,000 of loans were in real estate loans. $214,067,000 of loans were in development loans. $119,852,000 of loans were in multifamily mortgage loans. $330,889,000 of loans were in 1-4 family mortgage loans. $40,733,000 of loans were in farm loans. $7,277,000 of loans were in credit card loans. $263,187,000 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 1,286 $402,790 $313,212
    Nonfarm, nonresidential loans - <$100k 92 $3,403 $36,989
    Nonfarm, nonresidential loans - $100-250k 335 $43,824 $130,818
    Nonfarm, nonresidential loans - $250k-1MM 859 $355,563 $413,927
    Commercial & Industrial, US addressed loans - <$1MM 3,743 $285,234 $76,205
    Commercial & Industrial, US addressed loans - <$100k 2,190 $44,012 $20,097
    Commercial & Industrial, US addressed loans - $100-250k 740 $56,752 $76,692
    Commercial & Industrial, US addressed loans - $250k-1MM 813 $184,470 $226,900
    Farmland loans - <$1MM 86 $13,798 $160,442
    Farmland loans - <$100k 17 $715 $42,059
    Farmland loans - $100-250k 40 $4,543 $113,575
    Farmland loans - $250k-1MM 29 $8,540 $294,483
    Agriculture operations loans - <$1MM 144 $13,632 $94,667
    Agriculture operations loans - <$100k 54 $1,750 $32,407
    Agriculture operations loans - $100-250k 64 $6,012 $93,938
    Agriculture operations loans - $250k-1MM 26 $5,870 $225,769