Heritage Bank

Heritage Bank provides various financial services to small businesses and general public in the United States. The Company accepts various deposit products, such as noninterest demand accounts, NOW accounts, money market accounts, savings accounts, and certificates of deposit. Its loan portfolio includes commercial and industrial loans, owner-occupied and non-owner occupied commercial real estate loans, one-to-four family residential loans, real estate construction and land development loans, consumer loans, business lines of credit, term equipment financing, and term real estate loans, as well as commercial loans real estate related industries and businesses in agricultural, healthcare, legal, and other professions.
Company Growth (employees)
Olympia, US
Size (employees)
760 (est)
Heritage Bank was founded in 1927 and is headquartered in Olympia, US

Key People/Management at Heritage Bank

Brian Vance

Brian Vance

President and Chief Executive Officer
Jeffrey Deuel

Jeffrey Deuel

Executive Vice President
Kimberly Ellwanger

Kimberly Ellwanger

Retired Senior Director of Corporate Affairs and Associate General Counsel, Microsoft Corporation
Deborah Gavin

Deborah Gavin

Retired Vice President of Finance and Controller of the Boeing Company
Jeffrey Lyon

Jeffrey Lyon

Chairman & CEO, Kidder Mathews
Gragg Miller

Gragg Miller

Principal Managing Broker of Coldwell Bankers Bain
Anthony Pickering

Anthony Pickering

Former Owner of Max Dale's Restaurant and Stanwood Grill
Ann Watson

Ann Watson

Chief Operating Officer, Cascadia Capital LLC
Donald Hinson

Donald Hinson

Executive Vice President, Chief Financial Officer
Kaylene Lahn

Kaylene Lahn

Senior Vice President, Corporate Secretary
Bryan McDonald

Bryan McDonald

Executive Vice President and Chief Lending Officer
Brian Charneski

Brian Charneski

Chairman of the Board. President, L&E Bottling Company and Chairman of Pepsi Northwest Beverages, LLC
David Spurling

David Spurling

Executive Vice President and Chief Credit Officer
John Clees

John Clees

Tax Services Director, Worth Law Group

Heritage Bank Office Locations

Heritage Bank has an office in Olympia
Olympia, US (HQ)
201 5th Ave SW
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Heritage Bank Financials and Metrics

Heritage Bank Financials

Heritage Bank's revenue was reported to be $170.1 m in FY, 2016 which is a 25% increase from the previous period.

Revenue (FY, 2016)

170.1 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

164.1 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

38.9 m

EBIT (FY, 2016)

127.6 m

Market capitalization (23-Feb-2018)

932.2 m

Cash (31-Dec-2016)

103.7 m


908.1 m
Heritage Bank's current market capitalization is $932.2 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016


71.4 m121.1 m135.7 m170.1 m

Revenue growth, %


Cost of goods sold

6.1 m6 m

Gross profit

129.6 m164.1 m
USDFY, 2015FY, 2016


126.6 m103.7 m

Accounts Receivable

10.5 m101.7 m


61.9 m63.9 m


119 m119 m
USDFY, 2013FY, 2015FY, 2016

Net Income

9.6 m37.5 m38.9 m

Depreciation and Amortization

2.1 m1.4 m

Accounts Receivable

5.5 m

Cash From Operating Activities

51.4 m54 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

6.7 m13.8 m9.8 m18.5 m28 m9.1 m18 m

Accounts Receivable

5.7 m5.2 m9.3 m10 m10.1 m
Show all financial metrics

Heritage Bank Operating Metrics

Heritage Bank's Total Loans was reported to be $2.7 b in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches


Total Loans

$2.22 b$2.26 b$2.32 b$2.38 b$2.37 b$2.43 b$2.5 b$2.55 b$2.61 b$2.63 b$2.72 b

Non-accrual Loans

$11.57 m$9.91 m$9.67 m$12.35 m$13.86 m$11.54 m$10.91 m$10.88 m$10.97 m
Show all operating metrics

Heritage Bank Market Value History

Heritage Bank's Web-traffic and Trends

Heritage Bank Online and Social Media Presence

Heritage Bank Company Life and Culture

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