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.
Olympia, US
Size (employees)
760 (est)
Heritage Bank was founded in 1927 and is headquartered in Olympia, US
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Key People/Management at Heritage Bank

Jeffrey Deuel

Jeffrey Deuel

Executive Vice President
John Clees

John Clees

Board member
Kimberly Ellwanger

Kimberly Ellwanger

Board member
Deborah Gavin

Deborah Gavin

Board member
Jeffrey Lyon

Jeffrey Lyon

Board member
Gragg Miller

Gragg Miller

Board member
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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 $170.13 m in FY, 2016 which is a 25.3% increase from the previous period.

Net income (FY, 2017)

41.8 m

EBIT (FY, 2017)

135.3 m

Market capitalization (20-Apr-2018)

931.4 m

Cash (31-Dec-2017)

103 m


920.9 m
Heritage Bank's current market capitalization is $931.4 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017


71.4 m121.1 m135.7 m170.1 m

Revenue growth, %


Cost of goods sold

6.1 m6 m8.3 m

Gross profit

129.6 m164.1 m
USDFY, 2015FY, 2016FY, 2017


126.6 m103.7 m103 m

Accounts Receivable

10.5 m101.7 m



61.9 m63.9 m60.3 m
USDFY, 2013FY, 2015FY, 2016FY, 2017

Net Income

9.6 m37.5 m38.9 m41.8 m

Depreciation and Amortization

2.1 m1.4 m10.7 m


Accounts Payable

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
USDY, 2017


6.8 x


12.5 x

Financial Leverage

8.1 x
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Heritage Bank Operating Metrics

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

Bank Branches

66 67 63

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

Total Loans

$2.22 b$2.26 b$2.32 b$2.38 b$2.37 b$2.43 b$2.50 b$2.55 b$2.61 b$2.63 b$2.72 b
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