Bank of Evergreen

Headquarters

146 West Front Street
Evergreen, AL 36401
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank of Evergreen is an FDIC insured institution located in Evergreen, AL. It was founded in 1932 and has approximately $0.06 billion in assets.

FDIC Insured Yes
FDIC Certificate # 49
Date Established 1932
Assets $ 60.41 million
Loans $ 32.27 million
Deposits $ 52.12 million
Capital $ 8.10 million
 

For a more detailed analysis of Bank of Evergreen's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 1, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 1, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Evergreen

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

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Payment
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NMLS ID: 2890
License#: 13256
2.789% 2.750% 0.50 $1,250 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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PenFed Credit Union
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3.750 %
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Note to Bank of Evergreen
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Branches

Bank of Evergreen branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Bank of Evergreen Locations


Financial Details

Bank of Evergreen Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Evergreen. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Evergreen U.S. Bank Average
13.42% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Bank of Evergreen had $804,000 in non-current loans and $345,000 in owned real estate. To cover these potential losses it had $8,099,000 in equity and $460,000 in loans loss reserves. That gives it a Texas Ratio of 13.42%.

Return on Equity
Bank of Evergreen U.S. Bank Average
4.31% 7.80%

Bank of Evergreen has a Return on Equity of 4.31% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Evergreen U.S. Bank Average
13.41% 12.68%

Bank of Evergreen has a Capitalization of 13.41% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Evergreen Balance Sheet Analysis

As of March 31, 2020, Bank of Evergreen had assets of $60,414,000, loans of $32,273,000, and deposits of $52,117,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 5.80 million
Interest-bearing balances $ 3.96 million
Total securities $ 16.65 million
Federal funds sold and reverse repurchase $ 3.65 million
Net loans and leases $ 32.27 million
Loan loss allowance $ 0.46 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.35 million
Goodwill and other intangibles N.A.
All other assets $ 0.67 million
     Total Assets $ 52.32 million
LIABILITIES
Total deposits $ 52.12 million
      Interest-bearing deposits $ 34.76 million
      Deposits held in domestic offices $ 52.12 million
      % insured (estimated) 85.26%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.20 million
      Total Liabilities $ 52.32 million
      Shareholders’ Equity $ 8.10 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.64 million
Total Interest Expense $ 0.09 million
Net interest income $ 0.55 million
Provision for loan and lease losses $ 0.09 million
Total non interest income $ 0.09 million
Total non interest expense $ 0.43 million
Pre-tax Net Operating Income $ 0.12 million

Bank Loan Profile?

The top three loan types in Bank of Evergreen’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks, Bank of Evergreen’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 39.81
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.85
Small Business Loans 0.00
Construction and Development Loans 5.33
Commercial Real Estate 17.26
Commercial and Industrial Loans 17.36
Farm Loans 0.71

Frequently Asked Questions About Bank Of Evergreen

Branches and Savings

Is Bank Of Evergreen FDIC insured?

Yes. It is covered under FDIC Certificate #49.

Why does Bank Of Evergreen pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of Evergreen CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of Evergreen a commercial bank?

Yes

Where are Bank Of Evergreen locations?

See branch locations nearby.

Is Bank Of Evergreen open on Saturdays?

Is Bank Of Evergreen open on Sundays?

What time does Bank Of Evergreen open?

What time does Bank Of Evergreen close?

Are Bank Of Evergreen ATMs Open 24/7?

Do Bank Of Evergreen ATMs accept cash deposits?

Can Bank Of Evergreen customers use other ATMs?

Do Bank Of Evergreen branches have notaries?

Will Bank Of Evergreen notarize my document?

What address for Bank Of Evergreen should I put for incoming ACH transfers?

Will the Bank Of Evergreen branch print checks?

Do Bank Of Evergreen checks expire?

Does Bank Of Evergreen require US citizenship to open account?

Can Bank Of Evergreen close my account?

Does Bank Of Evergreen Report to credit bureaus?

Does Bank Of Evergreen Use Equifax?

What is Bank Of Evergreen's ACH Routing Number?

What is Bank Of Evergreen's SWIFT code?

Products

Does Bank Of Evergreen offer mortgages?

Compare mortgage rates here.

Does Bank Of Evergreen offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Evergreen offer personal loans?

Compare personal loan rates here.

Does Bank Of Evergreen offer student loans?

Will Bank Of Evergreen cash a check?

Will Bank Of Evergreen redeem a savings bond?

Does Bank Of Evergreen cash savings bonds?

Will Bank Of Evergreen cash money orders?

Can Bank Of Evergreen issue a money order?

Does Bank Of Evergreen do currency exchange?

Background on The Bank

Who owns Bank Of Evergreen?

How long has Bank Of Evergreen been around?

Can Bank Of Evergreen transfer to other banks?

Does Bank Of Evergreen have quick pay?

Does Bank Of Evergreen accept rolled coins?

Will Bank Of Evergreen accept loose change?

Where is Bank Of Evergreen headquarters?

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