Heritage Bank (WA) is headquartered in Olympia and is the 10st largest bank in the state of Washington. It is also the 425th largest bank in the nation. It was established in 1927 and as of December of 2013, it had grown to 373 employees at 42 locations. Heritage Bank (WA) has a A+ health rating.
I have never been so happy with a bank as I have with Heritage. The employees are the friendliest and most helpful I have ever come across! I almost always use the drive thru in downtown and on the westside. At both places and at other locations that I visit less frequently, Tumwater and Lacey, the employees are always cheerful, helpful and nice. All I ever have to do is call or tell them face-to-face what I need and they will take care of my request for me. They don't make me jump through endless hoops just to be their customer. I will stay with Heritage as long as they continue their dedicated customer service, which is ACTUAL service in a time where that phrase has pretty much lost its meaning.
The online banking is extremely hard to navigate, the page is way to congested with offers and options that you may not want to use but you can't get rid of them, they clutter up your page with unwanted options.
Do not deal with this bank~!
They think they are above us all and treat their customers with extreme rudeness. I have never dealt with such an awful bank in my entire life.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Heritage Bank (WA) had $15.76 million in non-current loans and owned real-estate with $241.18 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank (WA) a Texas Ratio of 6.53% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Heritage Bank (WA) decreased dramatically from 10.87% as of December 31, 2012 to 6.53% as of December 31, 2013, resulting in a positive change of 39.90%.This indicates that the balance sheet and financial strength for Heritage Bank (WA) has improved dramatically in recent periods.
In the past year, Heritage Bank (WA) has increased its total deposits by $421.08 million, resulting in 42.66% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Heritage Bank (WA) has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Heritage Bank (WA) has $1.66 billion in assets with $241.18 million in equity, resulting in a capitalization level of 14.55%, which is excellent.
|FDIC Certificate #||29012|
|Assets and Liabilities|
|Equity Capital||$212.35 million|
|Loan Loss Allowance||$28.83 million|
|Unbacked Noncurrent Loans||$11.38 million|
|Real Estate Owned||$4.38 million|
|Historic Data - December 2012|
|Equity Capital||$165.42 million|
|Loan Loss Allowance||$25.31 million|
|Unbacked Noncurrent Loans||$11.38 million|
|Real Estate Owned||$4.65 million|
|Profit Margin - Quarterly|
|Net Interest Margin||4.95%|
|Return on Assets||0.86%|
|Return on Equity||6.74%|
|Interest Income||$71.56 million|
Always verify rates and promotions with the bank or credit union. We are not Heritage Bank (WA), we are a rate comparison website and can not provide official rates or promotions.
|0.13%||$10k||-||All Access Savings|
|0.13%||$10k||-||Health Savings Account|
|0.15%||$100k||-||Money Market Advantage|
|0.03%||$500||-||Heritage Senior Checking|
|0.02%||$1k||-||Heritage Interest Checking|
|1.01%||$25k||-||5 Years Fixed Rate CD|
|0.80%||$25k||-||4 Years Fixed Rate CD|
|0.75%||$50k||-||30 Months Fixed Rate CD|
|0.60%||$25k||-||3 Years Fixed Rate CD|
|0.38%||$50k||-||19 - 24 Months Fixed Rate CD|
|0.25%||$50k||-||18 Months Fixed Rate CD|
|0.23%||$50k||-||1 Year Fixed Rate CD|
|0.15%||$50k||-||6 - 8 Months Flex Term CD|
|0.15%||$50k||-||9 - 11 Months Flex Term CD|
|0.08%||$50k||-||3 - 5 Months Flex Term CD|
|1.01%||$25k||-||5 Years Fixed Rate IRA|
|0.80%||$25k||-||4 Years Fixed Rate IRA|
|0.75%||$50k||-||30 Months Fixed Rate IRA|
|0.60%||$25k||-||3 Years Fixed Rate IRA|
|0.38%||$50k||-||19 - 24 Months Fixed Rate IRA|
|0.25%||$50k||-||18 Months Fixed Rate IRA|
|0.23%||$50k||-||1 Year Fixed Rate IRA|