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 28 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% 11/17/24
    30 Year Conventional Purchase 6.42% 11/17/24
    30 Year Conventional Refi 6.82% 11/17/24
    30 Year Cash-out Refi 6.69% 11/17/24
    30 Year FHA Purchase 5.81% 11/17/24
    30 Year VA Purchase 6.27% 11/17/24
    15 Year Conventional Purchase 5.65% 11/17/24
    15 Year Conventional Refi 5.55% 11/17/24
    15 Year Cash-out Refi 5.55% 11/17/24
    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

    463

    Origination Dollar Volume (All Markets)

    $256,705,000

    Employee count

    889

    Awards

    Heritage Bank FHA Loans silver
    Show all (1) 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) 151 $95,785,000 $634,338 $6,597 4.40%
    BELLINGHAM, WA (FHA|USDA|VA) 59 $54,005,000 $915,339 $5,592 3.84%
    Oak Harbor, WA (FHA|USDA|VA) 67 $27,705,000 $413,507 $6,239 4.13%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 59 $27,155,000 $460,254 $4,952 4.32%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 43 $23,115,000 $537,558 $5,115 4.19%
    Outside of Metro Areas 15 $4,295,000 $286,333 $3,948 4.08%
    Heber, UT (FHA|USDA|VA) 1 $3,605,000 $3,605,000 $35,614 5.25%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 13 $3,125,000 $240,385 $4,498 4.61%
    YAKIMA, WA (FHA|USDA|VA) 11 $2,605,000 $236,818 $4,206 4.42%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 5 $2,415,000 $483,000 $6,632 3.30%
    LONGVIEW, WA (FHA|USDA|VA) 7 $2,065,000 $295,000 $4,751 3.96%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,815,000 $605,000 $6,169 4.13%
    Shelton, WA (FHA|USDA|VA) 5 $1,525,000 $305,000 $4,008 4.54%
    Hood River, OR (FHA|USDA|VA) 1 $1,405,000 $1,405,000 $0 5.15%
    Prineville, OR (FHA|USDA|VA) 2 $1,100,000 $550,000 $6,160 4.31%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $685,000 $685,000 $0 4.00%
    Moses Lake, WA (FHA|USDA|VA) 2 $630,000 $315,000 $7,001 3.75%
    Ellensburg, WA (FHA|USDA|VA) 3 $495,000 $165,000 $4,904 3.99%
    BEND, OR (FHA|USDA|VA) 1 $465,000 $465,000 $3,396 4.00%
    Centralia, WA (FHA|USDA|VA) 2 $460,000 $230,000 $3,247 4.38%
    SALEM, OR (FHA|USDA|VA) 2 $400,000 $200,000 $2,528 5.38%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $385,000 $385,000 $5,783 3.00%
    WENATCHEE, WA (FHA|USDA|VA) 2 $350,000 $175,000 $3,249 4.06%
    Aberdeen, WA (FHA|USDA|VA) 2 $310,000 $155,000 $5,759 2.56%
    The Dalles, OR (FHA|USDA|VA) 1 $285,000 $285,000 $4,597 4.63%
    BOISE CITY, ID (FHA|USDA|VA) 1 $215,000 $215,000 $2,707 3.88%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $155,000 $155,000 $2,243 4.13%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 2 $150,000 $75,000 $2,486 2.25%
    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)
  • Utah (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Idaho (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.

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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 430 $245,890,000 $571,837 $5,571 4.25%
    VA 18 $6,190,000 $343,889 $6,833 3.69%
    FHA 12 $3,750,000 $312,500 $9,526 3.81%
    USDA 3 $875,000 $291,667 $6,144 3.46%

    For 2019, Heritage Bank's most frequently originated type of loan was Conventional, with 430 originations. Their 2nd most popular type was VA, with 18 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 280 $183,990,000 $657,107 $6,496 4.18%
    Refi 105 $48,205,000 $459,095 $4,740 4.19%
    Cash Out Refi 64 $17,790,000 $277,969 $4,806 4.18%
    Other 8 $2,660,000 $332,500 $4,829 4.73%
    Home Improvement 6 $4,060,000 $676,667 $2,460 5.70%

    For 2019, Heritage Bank's most frequently cited loan purpose was Home Purchase, with 280 originations. The 2nd most popular reason was Refi, with 105 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 313 $109,085,000 $348,514 $5,154 4.06%
    30+ year 48 $30,350,000 $632,292 $11,565 4.36%
    15 Year 29 $31,185,000 $1,075,345 $3,726 3.87%
    10 Year 26 $40,400,000 $1,553,846 $0 4.67%
    Other 18 $29,250,000 $1,625,000 $5,987 4.86%
    1 Year 13 $11,035,000 $848,846 $0 6.25%
    20 Year 6 $1,490,000 $248,333 $5,622 4.02%
    5 Year 6 $2,730,000 $455,000 $0 4.07%
    3 Year 4 $1,180,000 $295,000 $0 4.71%

    For 2019, Heritage Bank's most frequently cited loan duration was 30 Year, with 313 originations. The 2nd most popular length was 30+ year, with 48 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 116 $30,400,000 $262,069
    $5k+ 64 $46,500,000 $726,563
    $1k-2k 63 $16,445,000 $261,032
    $2k-3k 49 $15,055,000 $307,245
    $3k-4k 47 $17,415,000 $370,532
    $4k-5k 28 $12,370,000 $441,786

    Heritage Bank's average total fees were $5,154, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 116 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 205 $119,455,000 $582,707
    4-5% 196 $105,770,000 $539,643
    5-6% 43 $21,525,000 $500,581
    6-7% 10 $9,490,000 $949,000
    <2.5% 8 $80,000 $10,000
    2.5-3% 1 $385,000 $385,000

    During 2019, Heritage Bank's average interest rate for loans was 4.06%, while their most frequently originated rate bucket for loans was 3-4%, with 205 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 214 $63,160,000 $295,140 $4,990 4.19%
    $400k-600k 83 $39,985,000 $481,747 $6,795 4.22%
    $100k-200k 72 $11,150,000 $154,861 $3,354 4.36%
    $600k-1MM 42 $30,760,000 $732,381 $10,267 4.53%
    $1MM+ 34 $110,780,000 $3,258,235 $17,704 4.52%
    $100,000 or less 18 $870,000 $48,333 $1,801 2.53%

    2019 saw Heritage Bank place emphasis on $200k-400k loans with 214 originations, totaling $63,160,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 103 $33,135,000 $321,699 $4,941 4.06%
    $250k+ 65 $48,715,000 $749,462 $9,588 4.36%
    $150k-250k 64 $26,000,000 $406,250 $6,321 4.20%
    $75k-100k 63 $19,785,000 $314,048 $6,136 4.02%
    $50k-75k 62 $14,060,000 $226,774 $4,168 4.00%
    $50k or less 24 $4,390,000 $182,917 $3,801 4.24%

    Heritage Bank lent most frequently to those with incomes in the $100k-150k range, with 103 originations. The second most popular income band? $250k+, with 65 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 99 $32,055,000 $323,788 $5,118 4.12%
    30-36% 71 $25,725,000 $362,324 $5,897 4.11%
    <20% 45 $20,495,000 $455,444 $5,922 4.03%
    37% 28 $13,740,000 $490,714 $7,790 4.14%
    40% 22 $8,980,000 $408,182 $5,881 3.95%
    42% 21 $8,225,000 $391,667 $6,705 4.38%
    41% 18 $5,060,000 $281,111 $4,256 3.91%
    43% 13 $7,065,000 $543,462 $8,491 3.99%
    48% 11 $3,515,000 $319,545 $5,362 3.61%
    44% 11 $4,555,000 $414,091 $5,439 3.75%
    45% 10 $3,680,000 $368,000 $5,318 4.24%
    38% 10 $2,310,000 $231,000 $3,638 4.21%
    39% 9 $3,075,000 $341,667 $3,931 4.08%
    36% 8 $2,430,000 $303,750 $5,683 4.20%
    46% 7 $2,585,000 $369,286 $4,580 4.41%
    50-60% 5 $2,355,000 $471,000 $8,838 3.88%
    47% 4 $880,000 $220,000 $6,590 4.22%
    49% 3 $795,000 $265,000 $4,834 4.33%
    >60% 1 $825,000 $825,000 $17,156 4.25%

    Heritage Bank lent most frequently to those with DTI ratios of 20-30%, with 99 originations. The next most common DTI ratio? 30-36%, with 71 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 351 $133,185,000 $379,444 $5,747 4.08%
    Not applicable 57 $99,435,000 $1,744,474 $0 5.02%
    Not provided 33 $15,735,000 $476,818 $5,877 4.25%
    Asian 16 $6,510,000 $406,875 $4,892 4.08%
    American Indian 2 $1,030,000 $515,000 $16,269 3.81%
    Black 3 $695,000 $231,667 $4,825 4.54%
    Other Pacific Islander 1 $115,000 $115,000 $2,358 4.63%

    Approval Rates

    Total approvals of all applications
    88.75%

    Heritage Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.86%

    Heritage Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 463 $256,705,000 $554,438

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 5 $7,065,000 $1,413,000
    Multifamily:Site-Built 18 $77,070,000 $4,281,667
    Single Family (1-4 Units):Manufactured 14 $3,220,000 $230,000
    Single Family (1-4 Units):Site-Built 426 $169,350,000 $397,535

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 32 $7,830,000 $244,688 $3,773 4.27%
    40-60% 107 $61,245,000 $572,383 $5,304 4.27%
    60-80% 201 $142,395,000 $708,433 $6,253 4.33%
    80-100% 102 $41,630,000 $408,137 $6,354 4.19%
    Over 100% 3 $1,295,000 $431,667 $14,680 3.87%
    Under 20% 18 $2,310,000 $128,333 $1,517 2.55%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Heritage Bank 100 North Main Street Ellensburg, WA 98926 Full Service B&M $20,060
    Heritage Bank 1000 Braodway, Suite 2170 Portland, OR 97205 Full Service B&M $85,825
    Heritage Bank 1000 South 13th St Kelso, WA 98626 Full Service B&M $50,768
    Heritage Bank 1001 D Street Ne Auburn, WA 98002 Full Service B&M $61,388
    Heritage Bank 1005 Wood Ave Sumner, WA 98390 Full Service B&M $60,592
    Heritage Bank 1031 State Avenue Marysville, WA 98270 Full Service B&M $33,545
    Heritage Bank 10318 Gravelly Lake Dr Sw Tacoma, WA 98499 Full Service B&M $65,748
    Heritage Bank 105 1st St, #101 Langley, WA 98260 Full Service B&M $42,538
    Heritage Bank 10500 N.E. 8th Street Bellevue, WA 98004 Full Service B&M $568,954
    Heritage Bank 1119 Pacific Avenue, Suite 300 Tacoma, WA 98402 Full Service B&M $59,333
    Heritage Bank 11832 Mukilteo Speedway Mukilteo, WA 98275 Full Service B&M $97,681
    Heritage Bank 1201 Ne Lloyd Blvd., Suite 290 Portland, OR 97232 Full Service B&M $5,477
    Heritage Bank 12803 Canyon Road E Puyallup, WA 98373 Full Service B&M $62,090
    Heritage Bank 1307 East Main Street Puyallup, WA 98372 Full Service B&M $75,913
    Heritage Bank 1420 5th Ave, Suite 3600 Seattle, WA 98101 Full Service B&M $72,476
    Heritage Bank 1504 132nd St Se Mill Creek, WA 98012 Full Service B&M $72,480
    Heritage Bank 15211 Pacific Ave S Tacoma, WA 98444 Full Service B&M $42,008
    Heritage Bank 16400 Se 18th St Vancouver, WA 98683 Full Service B&M $28,450
    Heritage Bank 165 E. Mcelroy Dr. Camano Island, WA 98282 Full Service B&M $62,610
    Heritage Bank 1700 Urban Ave Mount Vernon, WA 98273 Full Service B&M $28,227
    Heritage Bank 1722 South Union Avenue Tacoma, WA 98405 Full Service B&M $153,521
    Heritage Bank 1724 East 44th Street Tacoma, WA 98404 Full Service B&M $50
    Heritage Bank 1800 South Burlington Boulevard Burlington, WA 98233 Full Service B&M $98,010
    Heritage Bank 18840 8th Avenue, N.W. Shoreline, WA 98177 Full Service B&M $43,426
    Heritage Bank 19510 58th Ave W Lynnwood, WA 98036 Full Service B&M $55,195
    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 $301,477
    Heritage Bank 20333 Ballinger Way, Ne Shoreline, WA 98155 Full Service B&M $57,506
    Heritage Bank 209 S Meridian Puyallup, WA 98371 Full Service B&M $41,604
    Heritage Bank 2202 Commercial Ave. Anacortes, WA 98221 Full Service B&M $84,854
    Heritage Bank 2205 South First Street Yakima, WA 98903 Full Service B&M $56,839
    Heritage Bank 26317 72nd Avenue Nw Stanwood, WA 98292 Full Service B&M $38,143
    Heritage Bank 265 York Street Bellingham, WA 98225 Full Service B&M $95,292
    Heritage Bank 2811 19th Avenue, Suite A Forest Grove, OR 97116 Full Service B&M $37,505
    Heritage Bank 301 E Wallace Kneeland Blvd, Suite 115 Shelton, WA 98584 Full Service B&M $60,465
    Heritage Bank 301 West Yakima Avenue Yakima, WA 98902 Full Service B&M $44,498
    Heritage Bank 314 East Main Street Hillsboro, OR 97123 Full Service B&M $105,605
    Heritage Bank 32303 Pacific Highway S Federal Way, WA 98003 Full Service B&M $67,158
    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 $68,643
    Heritage Bank 415 W James St Kent, WA 98032 Full Service B&M $25,521
    Heritage Bank 4220-172nd Street Northeast Arlington, WA 98223 Full Service B&M $85,866
    Heritage Bank 4400 Pacific Avenue Se Lacey, WA 98503 Full Service B&M $103,545
    Heritage Bank 450 Sw Bayshore Drive Oak Harbor, WA 98277 Full Service B&M $123,937
    Heritage Bank 4627 S Meridian Puyallup, WA 98373 Full Service B&M $46,428
    Heritage Bank 507 West 1st Street Wapato, WA 98951 Full Service B&M $18,348
    Heritage Bank 5119 Olympic Drive Nw Gig Harbor, WA 98335 Full Service B&M $31,061
    Heritage Bank 535 Market Street, Suite A Friday Harbor, WA 98250 Full Service B&M $46,787
    Heritage Bank 537 West Second Toppenish, WA 98948 Full Service B&M $51,283
    Heritage Bank 5590 S Harbor Ave Freeland, WA 98249 Full Service B&M $87,738
    Heritage Bank 5615 Evergreen Way Everett, WA 98203 Full Service B&M $30,607
    Heritage Bank 5801 Tacoma Mall Blvd Tacoma, WA 98409 Full Service B&M $118,609
    Heritage Bank 629 Sr 9 Ne Lake Stevens, WA 98258 Full Service B&M $23,929
    Heritage Bank 675 Ne Midway Blvd Oak Harbor, WA 98277 Full Service B&M $36,542
    Heritage Bank 700 Washington Street, Suite 708 Vancouver, WA 98660 Full Service B&M $19,422
    Heritage Bank 7632 Sw Durham Road, Suite 125 Tigard, OR 97224 Full Service B&M $61,514
    Heritage Bank 850 Trosper Road Sw Tumwater, WA 98512 Full Service B&M $42,476
    Heritage Bank 8786 Sr 525 Clinton, WA 98236 Full Service B&M $46,147
    Heritage Bank 8801 South Tacoma Way Tacoma, WA 98499 Full Service B&M $39,643
    Heritage Bank 900 Cooper Point Southwest Olympia, WA 98502 Full Service B&M $98,285
    Heritage Bank 901 N. Brutscher Street, Suite 101 Newberg, OR 97132 Full Service B&M $26,583
    Heritage Bank 920 West Bakerview Road Bellingham, WA 98226 Full Service B&M $62,357
    Heritage Bank 927 Commerce Avenue Longview, WA 98632 Full Service B&M $73,682
    Heritage Bank 9515 Ne Windsor Street Beaverton, OR 97006 Full Service B&M $66,289

    For 2019, Heritage Bank had 64 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $217,819
    Net interest income $200,964
    Total noninterest income $32,563
    Gross Fiduciary activities income $1,074
    Service charges on deposit accounts $8,544
    Trading account gains and fees $0
    Additional Noninterest Income $22,945
    Pre-tax net operating income $86,870
    Securities gains (or losses, -) $330
    Income before extraordinary items $72,186
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $72,186
    Minority interest net income $0
    Net income $72,186
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $71,912

    Heritage Bank's gross interest income from loans was $217,819,000.
    Heritage Bank's net interest income from loans was $200,964,000.
    Heritage Bank's fee based income from loans was $8,544,000.
    Heritage Bank's net income from loans was $72,186,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $16,855
    Provision for credit losses $4,311
    Total noninterest expense $142,346
    Salaries and employee benefits $83,461
    Premises and equipment expense $21,134
    Additional noninterest expense $37,751
    Applicable income taxes $15,014
    Net charge-offs $3,182
    Cash dividends $47,000

    Heritage Bank's interest expense for loans was $16,855,000.
    Heritage Bank's payroll and benefits expense were $83,461,000.
    Heritage Bank's property, plant and equipment expenses $21,134,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    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 1.0%
    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 $4,618,285
    Deposits held in domestic offices $4,618,285
    Deposits by Individuals, partnerships, and corporations $4,377,392
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $232,250
    Deposits by Commercial banks and other depository institutions in U.S. $8,643
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $707,951
    Demand deposits $381,163
    Nontransaction accounts $3,910,334
    Money market deposit accounts (MMDAs) $753,684
    Other savings deposits (excluding MMDAs) $2,632,072
    Total time deposits $524,578
    Total time and savings deposits $4,237,122
    Noninterest-bearing deposits $1,482,111
    Interest-bearing deposits $3,136,174
    Retail deposits $4,437,380
    IRAs and Keogh plan accounts $47,334
    Brokered deposits $2,500
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $5,550,690
    Cash & Balances due from depository institutions $228,568
    Interest-bearing balances $133,529
    Total securities $952,312
    Federal funds sold & reverse repurchase $0
    Net loans and leases $3,737,241
    Loan and leases loss allowance $36,171
    Trading account assets $0
    Bank premises and fixed assets $110,622
    Other real estate owned $841
    Goodwill and other intangibles $257,913
    All other assets $263,193

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $5,550,690
    Total Liabilities $4,743,972
    Total deposits $4,618,285
    Interest-bearing deposits $3,136,174
    Deposits held in domestic offices $4,618,285
    % insured (estimated) $67
    Federal funds purchased and repurchase agreements $20,169
    Trading liabilities $0
    Other borrowed funds $24,218
    Subordinated debt $0
    All other liabilities $81,300

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $3,737,241
    Loan and leases loss allowance $36,171
    Total loans and leases (domestic) $3,773,412
    All real estate loans $2,655,232
    Real estate loans in domestic offices $2,655,232
    Construction and development loans $261,362
    Residential 1-4 family construction $76,464
    Other construction, all land development and other land $184,898
    Loans secured by nonfarm nonresidential properties $1,856,245
    Nonfarm nonresidential secured by owner-occupied properties $829,731
    Commercial real estate & other non-farm, non-residential $1,026,514
    Multifamily residential real estate $122,926
    1-4 family residential loans $358,541
    Farmland loans $56,158
    Loans held in foreign offices $0
    Farm loans $41,212
    Commercial and industrial loans $527,165
    To non-U.S. addressees $0
    Loans to individuals $299,167
    Credit card loans $7,437
    Related Plans $4,811
    Consumer Auto Loans $281,210
    Other loans to individuals $5,709
    All other loans & leases $250,636
    Loans to foreign governments and official institutions $0
    Other loans $62,877
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $50,420
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $14,315
    Non 1-4 family restructured loans & leases $13,545
    Total loans and leases (foreign) $0

    Heritage Bank had $3,737,241,000 of loans outstanding in 2019. $2,655,232,000 of loans were in real estate loans. $261,362,000 of loans were in development loans. $122,926,000 of loans were in multifamily mortgage loans. $358,541,000 of loans were in 1-4 family mortgage loans. $41,212,000 of loans were in farm loans. $7,437,000 of loans were in credit card loans. $281,210,000 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 1,253 $399,571 $318,891
    Nonfarm, nonresidential loans - <$100k 76 $2,724 $35,842
    Nonfarm, nonresidential loans - $100-250k 313 $40,479 $129,326
    Nonfarm, nonresidential loans - $250k-1MM 864 $356,368 $412,463
    Commercial & Industrial, US addressed loans - <$1MM 3,624 $276,970 $76,427
    Commercial & Industrial, US addressed loans - <$100k 2,098 $35,721 $17,026
    Commercial & Industrial, US addressed loans - $100-250k 676 $50,351 $74,484
    Commercial & Industrial, US addressed loans - $250k-1MM 850 $190,898 $224,586
    Farmland loans - <$1MM 83 $14,676 $176,819
    Farmland loans - <$100k 12 $508 $42,333
    Farmland loans - $100-250k 41 $5,219 $127,293
    Farmland loans - $250k-1MM 30 $8,949 $298,300
    Agriculture operations loans - <$1MM 135 $12,219 $90,511
    Agriculture operations loans - <$100k 60 $1,891 $31,517
    Agriculture operations loans - $100-250k 52 $4,576 $88,000
    Agriculture operations loans - $250k-1MM 23 $5,752 $250,087