Average User Rating:
3 star rating based on 2 reviews.

Heritage Bank (WA)

201 5th Avenue, S.W.
Olympia, WA 98501
1-800-455-6126
www.heritagebankwaonline2.com

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Heritage Bank (WA) is headquartered in Olympia and is the 12^st largest bank in the state of Washington. It is also the 561^st largest bank in the nation. It was established in 1927 and as of December of 2012, it had grown to 318 employees at 28 locations. Heritage Bank (WA) has a 4-star health rating.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Heritage Bank (WA) Checking Account Rates

Apy	Min	Max	Product
0.35%	$250k	-	Premier Checking
0.03%	$500	-	Heritage Senior Checking
0.02%	$1k	-	Heritage Interest Checking

Heritage Bank (WA) Savings Account Rates

Apy	Min	Max	Product
0.13%	$10k	-	All Access Savings
0.13%	$10k	-	Health Savings Account
0.06%	-	-	Statement Savings

Heritage Bank (WA) Money Market Rates

	Apy	Min	Max	Product
	0.15%	$100k	-	Money Market Advantage

Heritage Bank (WA) CD Rates

Apy	Min	Max	Product
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

Apy	Min	Max	Product
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

Rates updated: 5/18/2013

Data for Q4 2012

Institution Statistics

Heritage Bank
FDIC Certificate #	29012
BankRate Report	View
Year Established	1927
Employees	318
Primary Regulator	FDIC
Assets and Liabilities
Assets	$1.17 billion
Loans	$878.42 million
Deposits	$987.01 million
Equity Capital	$165.42 million
Loan Loss Allowance	$25.31 million
Unbacked Noncurrent Loans	$14.73 million
Real Estate Owned	$4.65 million
Historic Data - December 2011
Assets	$1.20 billion
Equity Capital	$164.69 million
Loan Loss Allowance	$27.93 million
Unbacked Noncurrent Loans	$28.12 million
Real Estate Owned	$3.91 million
Profit Margin - Quarterly
Net Interest Margin	5.17%
Return on Assets	1.03%
Return on Equity	7.38%
Interest Income	$60.29 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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, 2012 Heritage Bank (WA) had $19.38 million in non-current loans and owned real-estate with $190.72 million in equity and loan loss allowances on hand to cover it. This gives Heritage Bank (WA) a Texas Ratio of 10.16% which is above average. 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 16.62% as of December 31, 2011 to 10.16% as of December 31, 2012, resulting in a positive change of 38.85%.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 decreased its total deposits by -$22.55 million, resulting in -2.23% 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 below average.
Capitalization
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 $1.17 billion in assets with $190.72 million in equity, resulting in a capitalization level of 16.23%, which is excellent.

I LOVE Heritage Bank!
5 stars

- BaldwinFF03 - Wednesday, May 8, 2013 - 4:35 PM

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
1 stars

- dfarrar - Saturday, January 5, 2013 - 10:11 PM

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.