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 Refi and 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, Oak Harbor, Portland, Bellingham, and Mount Vernon among others. We have data for 23 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 a low 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% 12/16/24
    30 Year Conventional Purchase 6.42% 12/16/24
    30 Year Conventional Refi 6.82% 12/16/24
    30 Year Cash-out Refi 6.69% 12/16/24
    30 Year FHA Purchase 5.81% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 5.65% 12/16/24
    15 Year Conventional Refi 5.55% 12/16/24
    15 Year Cash-out Refi 5.55% 12/16/24
    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

    600

    Origination Dollar Volume (All Markets)

    $272,860,000

    Employee count

    852

    Awards

    Heritage Bank VA Loans silver Heritage Bank 30 Year Conventional Loans gold
    Show all (2) 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) 206 $130,870,000 $635,291 $5,230 3.29%
    Oak Harbor, WA (FHA|USDA|VA) 101 $34,285,000 $339,455 $4,788 3.27%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 68 $30,760,000 $452,353 $4,498 3.34%
    BELLINGHAM, WA (FHA|USDA|VA) 75 $26,195,000 $349,267 $4,379 3.10%
    MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 55 $16,765,000 $304,818 $4,233 3.27%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 31 $9,775,000 $315,323 $3,556 3.10%
    Outside of Metro Areas 14 $8,280,000 $591,429 $5,418 3.14%
    YAKIMA, WA (FHA|USDA|VA) 15 $4,435,000 $295,667 $4,302 3.70%
    Shelton, WA (FHA|USDA|VA) 7 $2,535,000 $362,143 $3,529 3.50%
    LONGVIEW, WA (FHA|USDA|VA) 6 $1,410,000 $235,000 $3,836 3.42%
    Ellensburg, WA (FHA|USDA|VA) 4 $1,250,000 $312,500 $4,732 3.09%
    BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 3 $1,125,000 $375,000 $5,497 3.29%
    SALEM, OR (FHA|USDA|VA) 3 $935,000 $311,667 $4,073 2.58%
    WENATCHEE, WA (FHA|USDA|VA) 2 $740,000 $370,000 $3,643 3.19%
    Hood River, OR (FHA|USDA|VA) 1 $555,000 $555,000 $6,329 3.63%
    Hailey, ID (FHA|USDA|VA) 1 $555,000 $555,000 $8,327 4.38%
    MEDFORD, OR (FHA|USDA|VA) 1 $465,000 $465,000 $2,750 3.63%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $445,000 $445,000 $8,440 3.00%
    Moses Lake, WA (FHA|USDA|VA) 1 $415,000 $415,000 $4,425 2.75%
    Aberdeen, WA (FHA|USDA|VA) 2 $330,000 $165,000 $5,908 3.38%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $3,651 2.75%
    CORVALLIS, OR (FHA|USDA|VA) 1 $275,000 $275,000 $0 4.00%
    Coos Bay, OR (FHA|USDA|VA) 1 $185,000 $185,000 $3,742 2.88%
    Heritage Bank's top markets include Seattle, Oak Harbor, Portland, Bellingham, 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.

    INDUSTRIAL CU OF WHATCOM COUNTY
    Similarity Rank: 86
    TRISTAR FINANCE, INC.
    Similarity Rank: 378
    People's Community Federal Credit Union
    Similarity Rank: 434
    CASTPARTS EMPLOYEES
    Similarity Rank: 524
    OREGONIANS CREDIT UNION
    Similarity Rank: 948
    LOANSNAP, INC.
    Similarity Rank: 1106
    Pacific NW Federal Credit Union
    Similarity Rank: 1344
    Yakima Federal Savings and Loan Association
    Similarity Rank: 1565
    Wauna Federal Credit Union
    Similarity Rank: 1644
    COAST 2 COAST FUNDING GROUP, INC.
    Similarity Rank: 1653

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 568 $263,590,000 $464,067 $4,665 3.29%
    VA 25 $7,155,000 $286,200 $4,183 2.75%
    FHA 4 $1,280,000 $320,000 $10,844 3.16%
    USDA 3 $835,000 $278,333 $8,015 2.71%

    For 2020, Heritage Bank's most frequently originated type of loan was Conventional, with 568 originations. Their 2nd most popular type was VA, with 25 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 280 $136,180,000 $486,357 $3,603 3.15%
    Cash Out Refi 158 $54,360,000 $344,051 $4,613 3.33%
    Home Purchase 153 $78,205,000 $511,144 $6,829 3.37%
    Other 5 $2,835,000 $567,000 $7,381 3.43%
    Home Improvement 4 $1,280,000 $320,000 $6,297 3.99%

    For 2020, Heritage Bank's most frequently cited loan purpose was Refi, with 280 originations. The 2nd most popular reason was Cash Out Refi, with 158 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 426 $148,230,000 $347,958 $4,482 3.22%
    15 Year 68 $17,720,000 $260,588 $3,381 2.85%
    10 Year 48 $62,210,000 $1,296,042 $2,384 3.86%
    30+ year 26 $15,960,000 $613,846 $12,556 3.70%
    20 Year 14 $3,560,000 $254,286 $3,302 2.95%
    Other 8 $7,450,000 $931,250 $8,187 3.78%
    1 Year 5 $7,215,000 $1,443,000 $0 4.75%
    5 Year 5 $10,515,000 $2,103,000 $0 3.62%

    For 2020, Heritage Bank's most frequently cited loan duration was 30 Year, with 426 originations. The 2nd most popular length was 15 Year, with 68 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 142 $42,490,000 $299,225
    $1k-2k 124 $34,090,000 $274,919
    $2k-3k 98 $28,420,000 $290,000
    $3k-4k 60 $20,980,000 $349,667
    $5k+ 60 $40,990,000 $683,167
    $4k-5k 30 $11,590,000 $386,333

    Heritage Bank's average total fees were $4,482, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 142 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 305 $161,315,000 $528,902
    2.5-3% 196 $62,470,000 $318,724
    <2.5% 49 $26,525,000 $541,327
    4-5% 48 $21,690,000 $451,875
    5-6% 2 $860,000 $430,000

    During 2020, Heritage Bank's average interest rate for loans was 3.22%, while their most frequently originated rate bucket for loans was 3-4%, with 305 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 288 $85,370,000 $296,424 $4,213 3.22%
    $400k-600k 126 $58,900,000 $467,460 $5,070 3.23%
    $100k-200k 116 $19,220,000 $165,690 $3,295 3.27%
    $600k-1MM 29 $22,485,000 $775,345 $11,110 3.79%
    $1MM+ 28 $86,000,000 $3,071,429 $19,901 3.61%
    $100,000 or less 13 $885,000 $68,077 $2,356 2.64%

    2020 saw Heritage Bank place emphasis on $200k-400k loans with 288 originations, totaling $85,370,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 111 $38,125,000 $343,468 $4,574 3.21%
    $50k-75k 85 $20,695,000 $243,471 $4,186 3.19%
    $75k-100k 83 $24,305,000 $292,831 $4,604 3.19%
    $150k-250k 82 $31,500,000 $384,146 $4,892 3.19%
    $250k+ 76 $49,410,000 $650,132 $8,922 3.68%
    $50k or less 40 $7,780,000 $194,500 $3,834 3.23%

    Heritage Bank lent most frequently to those with incomes in the $100k-150k range, with 111 originations. The second most popular income band? $50k-75k, with 85 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 144 $47,880,000 $332,500 $4,262 3.19%
    30-36% 116 $41,870,000 $360,948 $4,878 3.20%
    <20% 61 $21,305,000 $349,262 $4,342 3.12%
    45% 22 $7,080,000 $321,818 $5,035 3.20%
    41% 21 $8,935,000 $425,476 $5,545 3.38%
    43% 18 $5,420,000 $301,111 $5,056 3.23%
    40% 18 $5,790,000 $321,667 $4,401 3.29%
    42% 17 $6,845,000 $402,647 $4,936 3.32%
    36% 16 $5,150,000 $321,875 $4,444 3.06%
    38% 15 $4,365,000 $291,000 $4,662 3.23%
    44% 14 $4,160,000 $297,143 $4,556 3.29%
    37% 13 $4,785,000 $368,077 $4,650 3.26%
    47% 12 $7,280,000 $606,667 $9,956 3.19%
    39% 9 $2,985,000 $331,667 $6,383 3.24%
    46% 9 $2,815,000 $312,778 $4,483 3.10%
    48% 7 $1,385,000 $197,857 $3,323 2.96%
    49% 6 $2,050,000 $341,667 $3,281 3.23%
    50-60% 5 $1,735,000 $347,000 $5,425 2.93%
    >60% 1 $755,000 $755,000 $11,714 3.50%

    Heritage Bank lent most frequently to those with DTI ratios of 20-30%, with 144 originations. The next most common DTI ratio? 30-36%, with 116 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 451 $158,405,000 $351,231 $4,742 3.24%
    Not applicable 39 $75,465,000 $1,935,000 $0 3.90%
    Not provided 72 $26,180,000 $363,611 $4,924 3.16%
    Asian 21 $7,775,000 $370,238 $3,935 3.27%
    Black 7 $2,315,000 $330,714 $4,257 2.70%
    American Indian 6 $1,710,000 $285,000 $3,587 3.08%
    Native Hawaiian or Islander 3 $865,000 $288,333 $3,423 3.21%
    Other Pacific Islander 1 $145,000 $145,000 $4,030 2.63%

    Approval Rates

    Total approvals of all applications
    85.26%

    Heritage Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.00%

    Heritage Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 600 $272,860,000 $454,767

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $585,000 $585,000
    Multifamily:Site-Built 27 $71,315,000 $2,641,296
    Single Family (1-4 Units):Manufactured 13 $3,065,000 $235,769
    Single Family (1-4 Units):Site-Built 559 $197,895,000 $354,016

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 91 $43,855,000 $481,923 $3,622 3.19%
    40-60% 187 $85,625,000 $457,888 $4,044 3.19%
    60-80% 237 $114,765,000 $484,241 $5,510 3.41%
    80-100% 53 $21,055,000 $397,264 $6,005 3.27%
    Over 100% 1 $235,000 $235,000 $6,187 2.50%
    Under 20% 15 $2,265,000 $151,000 $2,248 3.00%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Heritage Bank 100 North Main Street Ellensburg, WA 98926 Full Service B&M $23,378
    Heritage Bank 1000 Braodway, Suite 2170 Portland, OR 97205 Full Service B&M $160,228
    Heritage Bank 1000 South 13th St Kelso, WA 98626 Full Service B&M $55,752
    Heritage Bank 1001 D Street Ne Auburn, WA 98002 Full Service B&M $79,833
    Heritage Bank 1005 Wood Ave Sumner, WA 98390 Full Service B&M $83,616
    Heritage Bank 1031 State Avenue Marysville, WA 98270 Full Service B&M $35,828
    Heritage Bank 10318 Gravelly Lake Dr Sw Tacoma, WA 98499 Full Service B&M $77,771
    Heritage Bank 105 1st St, #101 Langley, WA 98260 Full Service B&M $48,773
    Heritage Bank 10500 Ne 8th St, Ste 1500 Bellevue, WA 98004 Full Service B&M $650,871
    Heritage Bank 1119 Pacific Avenue, Suite 300 Tacoma, WA 98402 Full Service B&M $115,824
    Heritage Bank 11832 Mukilteo Speedway Mukilteo, WA 98275 Full Service B&M $121,338
    Heritage Bank 5590 S Harbor Ave Freeland, WA 98249 Full Service B&M $96,719
    Heritage Bank 1201 Ne Lloyd Blvd., Suite 290 Portland, OR 97232 Full Service B&M $31,735
    Heritage Bank 12803 Canyon Road E Puyallup, WA 98373 Full Service B&M $79,410
    Heritage Bank 1307 East Main Street Puyallup, WA 98372 Full Service B&M $99,693
    Heritage Bank 1420 5th Ave, Suite 3600 Seattle, WA 98101 Full Service B&M $127,184
    Heritage Bank 1504 132nd St Se Mill Creek, WA 98012 Full Service B&M $95,248
    Heritage Bank 15211 Pacific Ave S Tacoma, WA 98444 Full Service B&M $49,950
    Heritage Bank 16400 Se 18th St Vancouver, WA 98683 Full Service B&M $33,434
    Heritage Bank 165 E. Mcelroy Dr. Camano Island, WA 98282 Full Service B&M $69,373
    Heritage Bank 1700 Urban Ave Mount Vernon, WA 98273 Full Service B&M $39,608
    Heritage Bank 1722 South Union Avenue Tacoma, WA 98405 Full Service B&M $191,526
    Heritage Bank 1724 East 44th Street Tacoma, WA 98404 Full Service B&M $81
    Heritage Bank 1800 South Burlington Boulevard Burlington, WA 98233 Full Service B&M $130,153
    Heritage Bank 18840 8th Avenue, N.W. Shoreline, WA 98177 Full Service B&M $49,379
    Heritage Bank 19510 58th Ave W Lynnwood, WA 98036 Full Service B&M $69,487
    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 $332,916
    Heritage Bank 20333 Ballinger Way, Ne Shoreline, WA 98155 Full Service B&M $77,824
    Heritage Bank 209 S Meridian Puyallup, WA 98371 Full Service B&M $54,274
    Heritage Bank 2202 Commercial Ave. Anacortes, WA 98221 Full Service B&M $113,801
    Heritage Bank 2205 South First Street Yakima, WA 98903 Full Service B&M $78,272
    Heritage Bank 26317 72nd Avenue Nw Stanwood, WA 98292 Full Service B&M $47,374
    Heritage Bank 265 York Street Bellingham, WA 98225 Full Service B&M $126,893
    Heritage Bank 2811 19th Avenue, Suite A Forest Grove, OR 97116 Full Service B&M $48,577
    Heritage Bank 301 E Wallace Kneeland Blvd, Suite 115 Shelton, WA 98584 Full Service B&M $67,338
    Heritage Bank 301 West Yakima Avenue Yakima, WA 98902 Full Service B&M $41,501
    Heritage Bank 314 East Main Street Hillsboro, OR 97123 Full Service B&M $127,123
    Heritage Bank 32303 Pacific Highway S Federal Way, WA 98003 Full Service B&M $80,025
    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 $83,116
    Heritage Bank 415 W James St Kent, WA 98032 Full Service B&M $41,365
    Heritage Bank 4220-172nd Street Northeast Arlington, WA 98223 Full Service B&M $104,589
    Heritage Bank 4400 Pacific Avenue Se Lacey, WA 98503 Full Service B&M $129,510
    Heritage Bank 450 Sw Bayshore Drive Oak Harbor, WA 98277 Full Service B&M $141,666
    Heritage Bank 4627 S Meridian Puyallup, WA 98373 Full Service B&M $56,157
    Heritage Bank 507 West 1st Street Wapato, WA 98951 Full Service B&M $24,121
    Heritage Bank 5119 Olympic Drive Nw Gig Harbor, WA 98335 Full Service B&M $50,825
    Heritage Bank 535 Market Street, Suite A Friday Harbor, WA 98250 Full Service B&M $56,452
    Heritage Bank 537 West Second Toppenish, WA 98948 Full Service B&M $58,756
    Heritage Bank 5615 Evergreen Way Everett, WA 98203 Full Service B&M $44,608
    Heritage Bank 5801 Tacoma Mall Blvd Tacoma, WA 98409 Full Service B&M $147,054
    Heritage Bank 629 Sr 9 Ne Lake Stevens, WA 98258 Full Service B&M $35,785
    Heritage Bank 675 Ne Midway Blvd Oak Harbor, WA 98277 Full Service B&M $44,553
    Heritage Bank 700 Washington Street, Suite 708 Vancouver, WA 98660 Full Service B&M $41,959
    Heritage Bank 7632 Sw Durham Road, Suite 125 Tigard, OR 97224 Full Service B&M $100,270
    Heritage Bank 850 Trosper Road Sw Tumwater, WA 98512 Full Service B&M $55,691
    Heritage Bank 8786 Sr 525 Clinton, WA 98236 Full Service B&M $56,163
    Heritage Bank 8801 South Tacoma Way Tacoma, WA 98499 Full Service B&M $50,527
    Heritage Bank 900 Cooper Point Southwest Olympia, WA 98502 Full Service B&M $136,225
    Heritage Bank 901 N. Brutscher Street, Suite 101 Newberg, OR 97132 Full Service B&M $29,966
    Heritage Bank 920 West Bakerview Road Bellingham, WA 98226 Full Service B&M $68,210
    Heritage Bank 927 Commerce Avenue Longview, WA 98632 Full Service B&M $105,018
    Heritage Bank 9515 Ne Windsor Street Beaverton, OR 97006 Full Service B&M $112,591

    For 2020, Heritage Bank had 64 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $214,320
    Net interest income $201,871
    Total noninterest income $37,007
    Gross Fiduciary activities income $1,607
    Service charges on deposit accounts $6,413
    Trading account gains and fees $0
    Additional Noninterest Income $28,987
    Pre-tax net operating income $58,197
    Securities gains (or losses, -) $1,518
    Income before extraordinary items $51,684
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $51,684
    Minority interest net income $0
    Net income $51,684
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $50,363

    Heritage Bank's gross interest income from loans was $214,320,000.
    Heritage Bank's net interest income from loans was $201,871,000.
    Heritage Bank's fee based income from loans was $6,413,000.
    Heritage Bank's net income from loans was $51,684,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $12,449
    Provision for credit losses $36,106
    Total noninterest expense $144,575
    Salaries and employee benefits $83,726
    Premises and equipment expense $22,247
    Additional noninterest expense $38,602
    Applicable income taxes $8,031
    Net charge-offs $3,241
    Cash dividends $39,002

    Heritage Bank's interest expense for loans was $12,449,000.
    Heritage Bank's payroll and benefits expense were $83,726,000.
    Heritage Bank's property, plant and equipment expenses $22,247,000.

    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 1.0%
    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 $5,621,860
    Deposits held in domestic offices $5,621,860
    Deposits by Individuals, partnerships, and corporations $5,433,518
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $175,900
    Deposits by Commercial banks and other depository institutions in U.S. $12,442
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $892,099
    Demand deposits $458,982
    Nontransaction accounts $4,729,761
    Money market deposit accounts (MMDAs) $962,983
    Other savings deposits (excluding MMDAs) $3,367,244
    Total time deposits $399,534
    Total time and savings deposits $5,162,878
    Noninterest-bearing deposits $2,004,400
    Interest-bearing deposits $3,617,460
    Retail deposits $5,500,782
    IRAs and Keogh plan accounts $44,798
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $6,610,848
    Cash & Balances due from depository institutions $743,322
    Interest-bearing balances $651,404
    Total securities $802,163
    Federal funds sold & reverse repurchase $0
    Net loans and leases $4,403,394
    Loan and leases loss allowance $70,185
    Trading account assets $0
    Bank premises and fixed assets $103,273
    Other real estate owned $0
    Goodwill and other intangibles $254,565
    All other assets $304,131

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $6,610,848
    Total Liabilities $5,782,423
    Total deposits $5,621,860
    Interest-bearing deposits $3,617,460
    Deposits held in domestic offices $5,621,860
    % insured (estimated) $61
    Federal funds purchased and repurchase agreements $35,683
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $124,880

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $4,403,394
    Loan and leases loss allowance $70,185
    Total loans and leases (domestic) $4,473,579
    All real estate loans $2,769,041
    Real estate loans in domestic offices $2,769,041
    Construction and development loans $295,651
    Residential 1-4 family construction $51,871
    Other construction, all land development and other land $243,780
    Loans secured by nonfarm nonresidential properties $1,930,006
    Nonfarm nonresidential secured by owner-occupied properties $843,101
    Commercial real estate & other non-farm, non-residential $1,086,905
    Multifamily residential real estate $154,824
    1-4 family residential loans $327,932
    Farmland loans $60,628
    Loans held in foreign offices $0
    Farm loans $36,819
    Commercial and industrial loans $1,068,442
    To non-U.S. addressees $0
    Loans to individuals $219,706
    Credit card loans $6,442
    Related Plans $4,000
    Consumer Auto Loans $204,534
    Other loans to individuals $4,730
    All other loans & leases $379,571
    Loans to foreign governments and official institutions $0
    Other loans $156,297
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $79,059
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $51,393
    Non 1-4 family restructured loans & leases $50,664
    Total loans and leases (foreign) $0

    Heritage Bank had $4,403,394,000 of loans outstanding in 2020. $2,769,041,000 of loans were in real estate loans. $295,651,000 of loans were in development loans. $154,824,000 of loans were in multifamily mortgage loans. $327,932,000 of loans were in 1-4 family mortgage loans. $36,819,000 of loans were in farm loans. $6,442,000 of loans were in credit card loans. $204,534,000 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 1,159 $380,536 $328,331
    Nonfarm, nonresidential loans - <$100k 59 $2,209 $37,441
    Nonfarm, nonresidential loans - $100-250k 283 $35,837 $126,633
    Nonfarm, nonresidential loans - $250k-1MM 817 $342,490 $419,204
    Commercial & Industrial, US addressed loans - <$1MM 6,489 $640,668 $98,731
    Commercial & Industrial, US addressed loans - <$100k 3,919 $114,136 $29,124
    Commercial & Industrial, US addressed loans - $100-250k 1,317 $145,952 $110,822
    Commercial & Industrial, US addressed loans - $250k-1MM 1,253 $380,580 $303,735
    Farmland loans - <$1MM 90 $15,460 $171,778
    Farmland loans - <$100k 13 $502 $38,615
    Farmland loans - $100-250k 44 $5,237 $119,023
    Farmland loans - $250k-1MM 33 $9,721 $294,576
    Agriculture operations loans - <$1MM 221 $17,800 $80,543
    Agriculture operations loans - <$100k 123 $3,621 $29,439
    Agriculture operations loans - $100-250k 70 $7,684 $109,771
    Agriculture operations loans - $250k-1MM 28 $6,495 $231,964