Evans Bank, National Association

Headquarters

8599 Erie Rd
Angola, NY 14006
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.15% 1.05% →
2-Year CD 0.25% 1.11% →
5-Year CD 0.25% 1.56% →
30-Year Mortgage 3.88% 3.09% →
15-Year Mortgage 3.48% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Evans Bank, National Association is an FDIC insured institution located in Angola, NY. It was founded in 1920 and has approximately $1.51 billion in assets. Customers can open an account at one of its 15 branches.

FDIC Insured Yes
FDIC Certificate # 6947
Date Established 1920
Assets $ 1,508.28 million
Loans $ 1,228.05 million
Deposits $ 1,332.23 million
Capital $ 145.03 million
 

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

Deposit Rates - August 7, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.15% $100,000 $199,999 Learn More
18 Mo CD
0.15% $10,000 $14,999 Learn More
18 Mo CD
0.15% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.25% $100,000 $199,999 Learn More
30 Mo CD
0.25% $10,000 $14,999 Learn More
30 Mo CD
0.25% $100,000 $199,999 Learn More
36 Mo CD
0.25% $10,000 $14,999 Learn More
36 Mo CD
0.25% $100,000 $199,999 Learn More
48 Mo CD
0.25% $10,000 $14,999 Learn More
48 Mo CD
0.25% $100,000 $199,999 Learn More
60 Mo CD
0.25% $10,000 $14,999 Learn More
60 Mo CD
0.25% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Evans with interest Checking 1.00% $0 $0.00 Learn MoreShow Less

Loan Rates - August 7, 2020

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 6.00% 6.00% $760.55
4 Year 6.00% 6.00% $587.13
5 Year 6.50% 6.50% $489.15
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Evans Bank, National Association 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


Evans Bank, National Association Locations


Financial Details

Evans Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Evans Bank, National Association. 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
Evans Bank, National Association U.S. Bank Average
10.27% 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, Evans Bank, National Association had $16,717,000 in non-current loans and $44,000 in owned real estate. To cover these potential losses it had $145,027,000 in equity and $18,157,000 in loans loss reserves. That gives it a Texas Ratio of 10.27%.

Return on Equity
Evans Bank, National Association U.S. Bank Average
2.43% 7.80%

Evans Bank, National Association has a Return on Equity of 2.43% 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
Evans Bank, National Association U.S. Bank Average
9.62% 12.68%

Evans Bank, National Association has a Capitalization of 9.62% 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.

Evans Bank, National Association Balance Sheet Analysis

As of March 31, 2020, Evans Bank, National Association had assets of $1,508,276,000, loans of $1,228,049,000, and deposits of $1,332,234,000. 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 $ 51.93 million
Interest-bearing balances $ 40.71 million
Total securities $ 162.04 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,228.05 million
Loan loss allowance $ 18.16 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.04 million
Goodwill and other intangibles $ 0.49 million
All other assets $ 49.22 million
     Total Assets $ 1,363.25 million
LIABILITIES
Total deposits $ 1,332.23 million
      Interest-bearing deposits $ 1,223.71 million
      Deposits held in domestic offices $ 1,332.23 million
      % insured (estimated) 69.21%
Federal funds purchased and repurchase agreements $ 2.57 million
Trading liabilities N.A.
Other borrowed funds $ 10.00 million
Subordinated debt N.A.
All other liabilities $ 18.44 million
      Total Liabilities $ 1,363.25 million
      Shareholders’ Equity $ 145.03 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 15.82 million
Total Interest Expense $ 3.04 million
Net interest income $ 12.78 million
Provision for loan and lease losses $ 3.00 million
Total non interest income $ 1.03 million
Total non interest expense $ 9.93 million
Pre-tax Net Operating Income $ 0.88 million

Bank Loan Profile?

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

Compared to other banks in New York, Evans Bank, National Association has a significantly higher percent of Small Business 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 19.31
Multifamily
Mortgages
18.08
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 7.90
Construction and Development Loans 8.50
Commercial Real Estate 36.35
Commercial and Industrial Loans 18.60
Farm Loans 0.00

Frequently Asked Questions About Evans Bank, National Association

Branches and Savings

Is Evans Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #6947.

Why does Evans Bank, National Association pay such low interest on savings accounts?

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

Why are Evans Bank, National Association CD rates not competitive?

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

Is Evans Bank, National Association a commercial bank?

Yes

Where are Evans Bank, National Association locations?

See branch locations nearby.

Is Evans Bank, National Association open on Saturdays?

Is Evans Bank, National Association open on Sundays?

What time does Evans Bank, National Association open?

What time does Evans Bank, National Association close?

Are Evans Bank, National Association ATMs Open 24/7?

Do Evans Bank, National Association ATMs accept cash deposits?

Can Evans Bank, National Association customers use other ATMs?

Do Evans Bank, National Association branches have notaries?

Will Evans Bank, National Association notarize my document?

What address for Evans Bank, National Association should I put for incoming ACH transfers?

Will the Evans Bank, National Association branch print checks?

Do Evans Bank, National Association checks expire?

Does Evans Bank, National Association require US citizenship to open account?

Can Evans Bank, National Association close my account?

Does Evans Bank, National Association Report to credit bureaus?

Does Evans Bank, National Association Use Equifax?

What is Evans Bank, National Association's ACH Routing Number?

What is Evans Bank, National Association's SWIFT code?

Products

Does Evans Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Evans Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Evans Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Evans Bank, National Association offer student loans?

Will Evans Bank, National Association cash a check?

Will Evans Bank, National Association redeem a savings bond?

Does Evans Bank, National Association cash savings bonds?

Will Evans Bank, National Association cash money orders?

Can Evans Bank, National Association issue a money order?

Does Evans Bank, National Association do currency exchange?

Background on The Bank

Who owns Evans Bank, National Association?

How long has Evans Bank, National Association been around?

Can Evans Bank, National Association transfer to other banks?

Does Evans Bank, National Association have quick pay?

Does Evans Bank, National Association accept rolled coins?

Will Evans Bank, National Association accept loose change?

Where is Evans Bank, National Association headquarters?

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