Heritage Bank
Olympia, WA · Owner: Heritage Financial Corp
$8.4B
total assets, June 30, 2026
$8.4B
total assets, June 30, 2026
Heritage Bank is a state nonmember bank based in Olympia, WA, owned by Heritage Financial Corp. As of June 30, 2026 it held $8.4 billion in assets and $7.0 billion in deposits; assets were up 19.2% from a year before. It has 67 branches in 3 states.
Updated Oct 11, 2026 · numbers as of June 30, 2026
Total assets
$8.4B
+19.2% in a year · -0.8% in a quarter
Deposits
$7.0B
+21.7% in a year · -3.0% in a quarter
Loans
$5.7B
+20.4% in a year · +0.4% in a quarter
Profit so far
$41.8M
Jan 1 to Jun 30, 2026 · +40.1% in a year
Capital ratio
10.23%
+0.06 pts in a year
Return on assets
1.05%
+0.21 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 201 5th Ave Sw, Olympia, WA, 98501
- County
- Thurston
- Holding company
- Heritage Financial Corp
- Established
- Jan 1, 1927
- Employees
- 981
- Branches
- 67 in 3 states
- Website
- www.heritagebanknw.com
- Id
- b29012
Quarter by quarter
March 31, 1984 to June 30, 2026
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Branches
67 offices as of June 30, 2026, holding $7.0 billion in deposits
Branch map
Every branch, sized by its deposits
| State | Branches | Deposits | Share |
|---|---|---|---|
| Washington | 60 | $6.2B | 87.5% |
| Oregon | 6 | $855M | 12.1% |
| Idaho | 1 | $24.6M | 0.3% |
| Largest branches | Place | Deposits |
|---|---|---|
| Heritage Bank (main office) | Olympia, WA | $398M |
| Bellevue Commercial Banking Center Branch | Bellevue, WA | $391M |
| Portland Branch | Portland, OR | $340M |
| Downtown Seattle Branch | Seattle, WA | $201M |
| Puyallup East Main Branch | Puyallup, WA | $193M |
| Allenmore Branch | Tacoma, WA | $184M |
| Bethel Branch | Port Orchard, WA | $183M |
| Hillsboro Branch | Hillsboro, OR | $172M |
| Anacortes Branch | Anacortes, WA | $169M |
| Oak Harbor Branch | Oak Harbor, WA | $160M |
Related pages
Questions and answers
How big is Heritage Bank?
$8.4 billion in total assets and $7.0 billion in deposits as of June 30, 2026, with assets up 19.2% from a year before. Its loans were $5.7 billion.
How many branches does Heritage Bank have?
67 branches in 3 states as of June 30, 2026. The most deposits are in Washington ($6.2 billion).
Is Heritage Bank profitable?
Yes: it earned $41.8 million from January 1 to June 30, 2026 (up 40.1% from the same months a year before). Its return on assets was 1.05% a year; about 1% is typical.
Who owns Heritage Bank?
Heritage Bank is owned by Heritage Financial Corp, its holding company.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.