Heritage Bank (Olympia, WA): Call Report & UBPR Financial Data
Data as of · sourced from FFIEC call reports. How we update
Heritage Bank is an FDIC-insured commercial bank. The Q2 2026 balance sheet stands at $8.4B in assets, including $5.7B in loans. Earnings are mid-range, 0.92% ROA and a 4.00% net interest margin. Capital is comfortably above regulatory requirements, CET1 ratio of 12.34% sits well above the 7% level required once the capital conservation buffer is included. Asset quality is solid, 0.51% nonperforming loans and a 3.51% Texas Ratio. Its footprint covers 68 branches concentrated in Washington.
As of June 30, 2026, Heritage Bank reported a CET1 capital ratio of 12.34%, a return on assets of 0.92%, a nonperforming-loan ratio of 0.51%, a Texas ratio of 3.51%, per financial data filed with the FFIEC.
Headquarters Profile
- Address
- 201 5th Ave Sw, Olympia, WA 98501
- County
- Thurston
- Metro Area
- Olympia-Lacey-Tumwater, WA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- San Francisco (Region 14)
- Federal Reserve member
- No
- Federal Reserve district
- District 12, San Francisco
- Fiduciary (trust) powers
- Trust powers not granted
- Call Report form
- FFIEC 041
- Established
- January 1, 1927
- Former names
- Heritage Savings Bank (1993-2004); Heritage Bank, A Federal Savings Bank (1990-1993)
- Offices
- 68 domestic
- Employees (FTE)
- 981
- Domestic deposits
- $7.04B
- Allowance for credit losses
- $59.5M
- Net charge-offs (YTD)
- $786K
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 29012
- Fed RSSD
- 881478
- SEC CIK
- 1046025 → filed by HERITAGE FINANCIAL CORPORATION
- Website
- www.heritagebanknw.com →
- Parent Holding Company
- HERITAGE FINANCIAL CORPORATION (RSSD 2166124) · HFWA
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Deuel Jeffrey J | CEO | CEO |
| Hinson Donald | CFO | EVPand Chief Financial Officer |
| Bley Nicholas M | COO | EVP Chief Operating Officer |
| Mcdonald Bryan | PRES | President |
| Chalfant Tony | CCO | EVP Chief Credit Officer |
| Glasby William | CIO | EVP Chief Information Officer |
Profitability
Capital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Rows tagged YTD are fiscal year to date through June 30, 2026, as filed. Net income is tagged Q2 because it is that quarter's own figure, not a running total, so it cannot be compared with a YTD row.
Quarterly trends
Last 12 quarters from this bank's own FFIEC call reports. Dollar figures are the quarter's own amount: the income statement is filed year to date, so those lines are shown net of the preceding quarter.
Balances at each quarter end. The gap between the two lines is equity capital.
Balances at each quarter end. Loans rising toward deposits is the loan-to-deposit ratio tightening.
Balances at each quarter end. Each line is its own balance, not stacked on the other.
Each bar is that quarter alone. The gap between the two is net interest income.
What the balance sheet earned on spread that quarter, before fees and operating costs.
Fees, trading and other income against salaries, premises and the rest of the cost base.
What the bank charged to earnings that quarter to build its allowance for expected losses.
The quarter's own net income, as filed. It needs no adjustment because the filing does not accumulate it through the year.
CET1 is common equity tier 1 as a share of risk-weighted assets; the leverage ratio is tier 1 capital as a share of average total assets. A bank that files the community bank leverage ratio reports no CET1 ratio, so only its leverage line appears.
Inside the full Heritage Bank terminal
25 years of quarterly trends · 8 tabs · peer percentiles · Excel export
Unlock Heritage Bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Heritage Bank rankings
How this bank ranks on each leaderboard. Click any rank to see the full ranked list.
Ranked among banks that report this metric, so the total differs from card to card. The CET1 ranking leaves out community bank leverage ratio filers, which report no CET1 ratio.
Banks merged into Heritage Bank
- Kitsap Bank, effective February 1, 2026
Quarterly trend: last 8 quarters
Quarter-over-quarter movement in the five most-watched ratios. Sourced from the bank's own FFIEC call report filings.
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.34% | 0.92% | 0.51% | 3.51% | 4.00% |
| Q1 2026 | 12.32% | 1.05% | 0.58% | 3.99% | 4.12% |
| Q4 2025 | 12.95% | 1.38% | 0.77% | 5.02% | 3.78% |
| Q3 2025 | 12.67% | 1.21% | 1.32% | 9.15% | 3.69% |
| Q2 2025 | 12.52% | 0.79% | 1.17% | 9.03% | 3.52% |
| Q1 2025 | 12.48% | 0.88% | 0.86% | 5.81% | 3.40% |
| Q4 2024 | 12.28% | 0.76% | 1.14% | 8.13% | 3.40% |
| Q3 2024 | 12.59% | 0.72% | 1.20% | 8.95% | 3.34% |
Swipe the table sideways to see every column.
Branch Network
Every branch from the FDIC Summary of Deposits, mapped, and listed with the deposits booked at each location. The FDIC's office count above also includes administrative and limited-service offices, so the two totals can differ. View all 67 branches →
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Heritage Bank (main office) | Olympia , WA | 98501 | $398.4M |
| Bellevue Commercial Banking Center Branch | Bellevue , WA | 98004 | $390.9M |
| Portland Branch | Portland , OR | 97205 | $340.4M |
| Downtown Seattle Branch | Seattle , WA | 98101 | $201.1M |
| Puyallup East Main Branch | Puyallup , WA | 98372 | $192.6M |
| Allenmore Branch | Tacoma , WA | 98405 | $183.8M |
| Bethel Branch | Port Orchard , WA | 98366 | $182.6M |
| Hillsboro Branch | Hillsboro , OR | 97123 | $171.9M |
| Anacortes Branch | Anacortes , WA | 98221 | $169.0M |
| Oak Harbor Branch | Oak Harbor , WA | 98277 | $160.3M |
| Tacoma Mall Blvd | Tacoma , WA | 98409 | $158.8M |
| Freeland Branch | Freeland , WA | 98249 | $151.7M |
| Longview Branch | Longview , WA | 98632 | $146.9M |
| Silverdale Branch | Silverdale , WA | 98383 | $141.6M |
| Lacey Branch | Lacey , WA | 98503 | $135.4M |
| Canyon Road Branch | Puyallup , WA | 98373 | $126.9M |
| Lakewood Branch | Tacoma , WA | 98499 | $123.1M |
| Downtown Tacoma Branch | Tacoma , WA | 98402 | $123.0M |
| Tigard Commercial Banking Center Branch | Portland , OR | 97223 | $121.4M |
| Gig Harbor Branch | Gig Harbor , WA | 98335 | $116.7M |
| Lloyd Office | Portland , OR | 97232 | $115.5M |
| Burlington Branch | Burlington , WA | 98233 | $115.3M |
| Shoreline Branch | Shoreline , WA | 98155 | $113.2M |
| West Olympia Branch | Olympia , WA | 98502 | $111.0M |
| East Bremerton Branch | Bremerton , WA | 98310 | $110.6M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| February 1, 2026 | Structure Change | Acquired Kitsap Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 31, 2026 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 2, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 2, 2018 | Structure Change | Acquired Premier Community Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 16, 2018 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 16, 2018 | Structure Change | Acquired Puget Sound Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 1, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 1, 2014 | Structure Change | Acquired Whidbey Island Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| July 15, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| July 15, 2013 | Structure Change | Acquired Valley Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 20, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 20, 2013 | Structure Change | Acquired Central Valley Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| January 10, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 10, 2013 | Structure Change | Acquired Northwest Commercial Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 6, 2010 | Structure Change | Acquired Pierce Commercial Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| November 5, 2010 | Merger | Participated in FDIC Assisted Merger | FDIC |
| July 31, 2010 | Structure Change | Acquired The Cowlitz Bank Failure, Government Assistance Provided for the acquired bank | FFIEC NIC |
| July 30, 2010 | Merger | Participated in FDIC Assisted Merger | FDIC |
| June 1, 2006 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 1, 2006 | Structure Change | Acquired Washington State Bank, National Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 21, 1998 | Structure Change | Acquired North Pacific Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 20, 1998 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 22 events, scroll the table for the full history.
Regulatory record
What the public regulatory sources show for Heritage Bank, each with its period and source. These are facts as filed or published, not a rating or score. "Not on file" means we hold no record from that source, which is not the same as a clean record.
- Enforcement actions
- Not on file: no matched FDIC, Federal Reserve or OCC action
- Period: not on file. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 2.9% of deposits in WA, rank 10 of 63 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 645 applications, 372 loans originated, $214.3M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Consumer complaints
- Not on file: no CFPB complaints matched
- Period: not on file. Source: CFPB consumer complaint database.
- CFPB enforcement
- Not on file: CFPB enforcement actions are not loaded
- Period: not on file. Source: CFPB enforcement actions.
- CRA examination rating
- Not on file: FFIEC CRA ratings are not loaded
- Period: not on file. Source: FFIEC CRA ratings.
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Frequently asked about Heritage Bank
What are Heritage Bank's total assets?
As of the Q2 2026 filing, Heritage Bank reported total assets of $8.42 billion in its FFIEC call report. All figures come directly from the bank's quarterly Schedule RC filing.
Where is Heritage Bank headquartered?
Heritage Bank is headquartered in Olympia, WA, United States. It files quarterly FFIEC call reports as required of all FDIC-insured commercial banks.
When was Heritage Bank founded?
Heritage Bank was established in 1927, per the FDIC institution directory.
Is Heritage Bank FDIC-insured?
Yes. Heritage Bank is an FDIC-insured commercial bank (FDIC Certificate #29012). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Heritage Bank?
Heritage Bank's primary federal regulator is the FDIC. All FDIC-insured banks also report to the FDIC and, depending on charter, the Federal Reserve.
What is Heritage Bank's CET1 capital ratio?
Heritage Bank reported a Common Equity Tier 1 (CET1) capital ratio of 12.34% in its Q2 2026 call report, above regulatory requirements.
How many branches does Heritage Bank operate?
Heritage Bank operates 68 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Heritage Bank's Texas Ratio?
Heritage Bank's Texas Ratio is 3.51% in its Q2 2026 call report, within the healthy range (under 25%). The Texas Ratio measures non-performing assets against the bank's capital and reserves; the glossary entry for the Texas Ratio carries the full definition.
What was Heritage Bank previously called?
The charter now named Heritage Bank has also operated as Heritage Savings Bank (1993-2004), Heritage Bank, A Federal Savings Bank (1990-1993), per FDIC structure-change records.
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