EvaBank

4113 Eva Road
Eva, AL 35621

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 26799
Date Established 1986
Assets $0.37 billion
Loans $0.28 billion
Deposits $0.26 billion
Capital $0.09 billion

EvaBank is an FDIC insured institution located in Eva, AL. It was founded in 1986 and has approximately $0.37 billion in assets. Customers can open an account at one of its 7 branches.

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

Deposit Rates - September 14, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
1.26% $100 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
1.31% $1,000 - Learn MoreShow Less
6 Mo CD
1.40% $1,000 - Learn MoreShow Less
12 Mo CD
1.80% $1,000 - Learn MoreShow Less
18 Mo CD
1.92% $1,000 - Learn MoreShow Less
24 Mo CD
2.02% $1,000 - Learn MoreShow Less
36 Mo CD
2.17% $1,000 - Learn MoreShow Less
48 Mo CD
2.22% $1,000 - Learn MoreShow Less
60 Mo CD
2.38% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
2.84% $500 - Learn MoreShow Less

Loan Rates - September 14, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for EvaBank

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.751% 3.750% 0.00 $25 $1,158 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to EvaBank
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Branches

EvaBank 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:
Ashburn,Virginia


EvaBank Locations


Financial Details

EvaBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of EvaBank. 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
EvaBank U.S. Bank Average
13.62% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, EvaBank had $13,002,000 in non-current loans and $599,000 in owned real estate. To cover these potential losses it had $93,909,000 in equity and $5,972,000 in loans loss reserves. That gives it a Texas Ratio of 13.62%.

Return on Equity
EvaBank U.S. Bank Average
9.96% 9.47%

EvaBank has a Return on Equity of 9.96% versus the BestCashCow average of 9.47%. 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
EvaBank U.S. Bank Average
25.11% 12.49%

EvaBank has a Capitalization of 25.11% versus the BestCashCow average of 12.49. 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.

EvaBank Balance Sheet Analysis

As of March 31, 2019, EvaBank had assets of $373,989,000, loans of $283,722,000, and deposits of $258,540,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.08 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.28 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.28 billion
LIABILITIES
Total deposits $0.26 billion
      Interest-bearing deposits $0.24 billion
      Deposits held in domestic offices $0.26 billion
      % insured (estimated) 91.34%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.28 billion
      Shareholders’ Equity $0.09 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in EvaBank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Alabama, EvaBank has a significantly higher percent of 1-4 Family Residential Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 47.29
Multifamily
Mortgages
3.11
Credit Card Loans 0.00
Consumer Auto Loans 0.24
Small Business Loans 0.00
Construction and Development Loans 16.71
Commercial Real Estate 21.79
Commercial and Industrial Loans 3.14
Farm Loans 0.08

Frequently Asked Questions About Evabank

Branches and Savings

Is Evabank FDIC insured?

Yes. It is covered under FDIC Certificate #26799.

Why does Evabank pay such low interest on savings accounts?

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

Why are Evabank CD rates not competitive?

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

Is Evabank a commercial bank?

Yes

Where are Evabank locations?

See branch locations nearby.

Is Evabank open on Saturdays?

Is Evabank open on Sundays?

What time does Evabank open?

What time does Evabank close?

Are Evabank ATMs Open 24/7?

Do Evabank ATMs accept cash deposits?

Can Evabank customers use other ATMs?

Do Evabank branches have notaries?

Will Evabank notarize my document?

What address for Evabank should I put for incoming ACH transfers?

Will the Evabank branch print checks?

Do Evabank checks expire?

Does Evabank require US citizenship to open account?

Can Evabank close my account?

Does Evabank Report to credit bureaus?

Does Evabank Use Equifax?

What is Evabank's ACH Routing Number?

What is Evabank's SWIFT code?

Products

Does Evabank offer mortgages?

Compare mortgage rates here.

Does Evabank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Evabank offer personal loans?

Compare personal loan rates here.

Does Evabank offer student loans?

Will Evabank cash a check?

Will Evabank redeem a savings bond?

Does Evabank cash savings bonds?

Will Evabank cash money orders?

Can Evabank issue a money order?

Does Evabank do currency exchange?

Background on The Bank

Who owns Evabank?

How long has Evabank been around?

Can Evabank transfer to other banks?

Does Evabank have quick pay?

Does Evabank accept rolled coins?

Will Evabank accept loose change?

Where is Evabank headquarters?

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