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Heritage Bank
Olympia, WA · FDIC Certificate #29012 · Chartered 01/0
Total assets
$8.42B
Total deposits
$7.04B
Total equity
$1.12B
Net loans
$5.69B
Branches (offices)
67
Net income (YTD)
$41.75M
Rank: #193 of 4,213 U.S. banks by assets · #4 of 28 in Washington. Assets changed 19.2% and deposits 21.7% over the year to June 30, 2026.
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Key ratios
| Return on assets (YTD, annualized by FDIC) | 1.05% |
| Return on equity | 7.88% |
| Net interest margin (YTD) | 4.12% |
| Equity to assets | 13.32% |
| Tier 1 leverage ratio | 10.23% |
| Uninsured deposits (share of deposits) | 39.1% |
| Noncurrent loans (share of loans) | 0.27% |
| Net charge-offs (share of loans) | 0.03% |
| Loans to deposits | 80.8% |
| Real estate loans (share of loans) | 80.8% |
Loan mix
| Category | Amount | Share | |
|---|---|---|---|
| Real estate loans | $4.60B | 80.8% | |
| Commercial & industrial | $745.33M | 13.1% | |
| Consumer / individual | $12.38M | 0.2% | |
| Construction & development | $397.39M | 7.0% | |
| Agricultural | $16.92M | 0.3% |
Five-year trend (June snapshots)
| Period | Total assets | Deposits | Net income (year to date) | Equity / net worth |
|---|---|---|---|---|
| Jun 2022 | $7.31B | $6.34B | $41.02M | $815.70M |
| Jun 2023 | $7.11B | $5.61B | $40.67M | $822.19M |
| Jun 2024 | $7.06B | $5.52B | $23.41M | $864.84M |
| Jun 2025 | $7.07B | $5.79B | $29.79M | $903.80M |
| Jun 2026 | $8.42B | $7.04B | $41.75M | $1.12B |
Where its branch deposits sit (FDIC Summary of Deposits)
| State | Branch deposits | Offices |
|---|---|---|
| Washington | $6.16B | 60 |
| Oregon | $855.16M | 6 |
| Idaho | $24.64M | 1 |
Branch deposits are booked at the office that holds them, which is not always where the customer lives. Total across all offices: $7.04B.
Similar-sized banks
German American Bank ($8.43B) · Cnb Bank ($8.41B)
Source: FDIC BankFind - Call Report and institution data as of June 30, 2026; branch deposits from the FDIC Summary of Deposits (June 30, 2026). See methodology.
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