Applications / Mortgage Analytics / Lenders / Washington / Heritage Bank
Olympia, WA · State non-member bank · FDIC · $7.0 billion assets · 372 loans in 2025
Heritage Bank's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
372
loans originated, 2025
645
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Heritage Bank lends more for home improvement than for anything else, and its dollar volume rose to $214.3 million in 2025 while its loan count held at 372.
It made 372 loans, against 373 in 2024, while similar lenders (state non-member banks making between half and twice as many loans) grew 9% and the whole market 10%. Its dollar total rose to $214.3 million from $162.7 million, higher than at about nine in ten similar lenders. In 2022 it made 781 loans.
Home improvement made up 32.3% of its loans, refinances 27.2% and purchases only 16.9%. Its typical rate, 7.74%, was higher than at more than nine in ten similar lenders, whose rate was 6.75%. Home-improvement and other-purpose loans, more than half its mix, are a possible reason. None of its loans were higher-priced (a rate well above the average for similar loans).
Its share of Bremerton-Silverdale-Port Orchard rose from 0.0% to 0.9%, ranking 31 of 326, and of Olympia-Lacey-Tumwater from 0.3% to 0.4%. It ranks 75 of 597 in Seattle-Tacoma-Bellevue, where Boeing Employees' Credit Union leads.
Jumbo loans (larger than the conforming limit) fell to 5.3% from 15.1%, still above peers' 1.4%. It bought no loans from other lenders, after buying 41 in 2024.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Heritage Bank took 645 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 32.3% · Refinance 27.2% · Other 23.7% · Purchase 16.9%
Conventional 100.0% · of 372 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Washington | 335 | 90.1% |
| Oregon | 32 | 8.6% |
| Idaho | 3 | 0.8% |
| Montana | 2 | 0.5% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Tacoma-Lakewood | 96 |
| Seattle-Bellevue-Kent | 47 |
| Everett | 33 |
| Olympia-Lacey-Tumwater | 30 |
| Portland-Vancouver-Hillsboro | 29 |
| Mount Vernon-Anacortes | 24 |
| Yakima | 11 |
| Bellingham | 10 |
| Longview-Kelso | 9 |
| Eugene-Springfield | 6 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300Z2B4FHRYOXTS09 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 881478 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 329012 | 1993–2017 |
Established 1 January 1927. Reported under HMDA 1993-2025.
Mergers, name changes, data editions and corrections: Heritage Bank's data.
Heritage Bank's data
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Heritage Bank and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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