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201 5th Avenue, S.W.
Olympia, WA 98501

Heritage Bank (WA) is headquartered in Olympia and is the 10st largest bank in the state of Washington. It is also the 424th largest bank in the nation. It was established in 1927 and as of March of 2014, it had grown to 358 employees at 42 locations. Heritage Bank (WA) has a A health rating.

Reviews (3)

I LOVE Heritage Bank!

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.

Online Banking

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.

The Worst Bank EVER~!!!!

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.

Stay away!


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Heritage Bank (WA) had $19.98 million in non-current loans and owned real-estate with $241.03 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank (WA) a Texas Ratio of 8.29% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Heritage Bank (WA) decreased slightly from 10.63% as of March 31, 2013 to 8.29% as of March 31, 2014, resulting in a positive change of 22.01%.This indicates that the balance sheet and financial strength for Heritage Bank (WA) has improved slightly in recent periods.

Deposit Growth


In the past year, Heritage Bank (WA) has increased its total deposits by $331.83 million, resulting in 30.69% 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 $241.03 million in equity, resulting in a capitalization level of 14.51%, which is excellent.

Institution Statistics

FDIC Certificate #29012
Year Established1927
Primary RegulatorFDIC
Assets and Liabilities
Assets$1.66 billion
Loans$1.21 billion
Deposits$1.41 billion
Equity Capital$211.64 million
Loan Loss Allowance$29.39 million
Unbacked Noncurrent Loans$15.88 million
Real Estate Owned$4.10 million
Historic Data - March 2013
Assets$1.27 billion
Equity Capital$168.01 million
Loan Loss Allowance$24.26 million
Unbacked Noncurrent Loans$15.88 million
Real Estate Owned$4.32 million
Profit Margin - Quarterly
Net Interest Margin4.42%
Return on Assets0.79%
Return on Equity6.21%
Interest Income$17.61 million

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Heritage Bank (WA) Savings Account Rates

0.13%$10k-All Access Savings
0.13%$10k-Health Savings Account
0.06%--Statement Savings

Heritage Bank (WA) Money Market Rates

0.15%$100k-Money Market Advantage

Heritage Bank (WA) Checking Account Rates

0.35%$250k-Premier Checking
0.03%$500-Heritage Senior Checking
0.02%$1k-Heritage Interest Checking

Heritage Bank (WA) CD Rates

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
0.20%$500k-Liquid 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

Heritage Bank (WA) IRA Rates

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

Heritage Bank (WA) has 36 locations. Click to view all Heritage Bank (WA) locations.