Everence Trust Company

Headquarters

1110 North Main Street
Goshen, IN 46527
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
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

Everence Trust Company is an FDIC insured institution located in Goshen, IN. It was founded in 2001 and has approximately $0.01 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57109
Date Established 2001
Assets $ 10.36 million
Loans N.A.
Deposits $ 0.50 million
Capital $ 8.03 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Everence Trust Company

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Everence Trust Company
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Branches

Everence Trust Company 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


Everence Trust Company Locations


Financial Details

Everence Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Everence Trust Company. 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
Everence Trust Company U.S. Bank Average
0% 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, Everence Trust Company had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $8,034,000 in equity and $0 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Everence Trust Company U.S. Bank Average
-12.14% 7.80%

Everence Trust Company has a Return on Equity of -12.14% 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
Everence Trust Company U.S. Bank Average
77.59% 12.68%

Everence Trust Company has a Capitalization of 77.59% 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.

Everence Trust Company Balance Sheet Analysis

As of March 31, 2020, Everence Trust Company had assets of $10,355,000, loans of $0, and deposits of $500,000. 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 $ 0.30 million
Interest-bearing balances N.A.
Total securities $ 5.75 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases N.A.
Loan loss allowance N.A.
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 4.31 million
     Total Assets $ 2.32 million
LIABILITIES
Total deposits $ 0.50 million
      Interest-bearing deposits $ 0.50 million
      Deposits held in domestic offices $ 0.50 million
      % insured (estimated) 49.90%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.82 million
      Total Liabilities $ 2.32 million
      Shareholders’ Equity $ 8.03 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.06 million
Total Interest Expense $ 0.00 million
Net interest income $ 0.06 million
Provision for loan and lease losses N.A.
Total non interest income $ 4.81 million
Total non interest expense $ 5.09 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Everence Trust Company’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Everence Trust Company’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 nan
Multifamily
Mortgages
nan
Credit Card Loans nan
Consumer Auto Loans nan
Small Business Loans nan
Construction and Development Loans nan
Commercial Real Estate nan
Commercial and Industrial Loans nan
Farm Loans nan

Frequently Asked Questions About Everence Trust Company

Branches and Savings

Is Everence Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #57109.

Why does Everence Trust Company pay such low interest on savings accounts?

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

Why are Everence Trust Company CD rates not competitive?

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

Is Everence Trust Company a commercial bank?

Yes

Where are Everence Trust Company locations?

See branch locations nearby.

Is Everence Trust Company open on Saturdays?

Is Everence Trust Company open on Sundays?

What time does Everence Trust Company open?

What time does Everence Trust Company close?

Are Everence Trust Company ATMs Open 24/7?

Do Everence Trust Company ATMs accept cash deposits?

Can Everence Trust Company customers use other ATMs?

Do Everence Trust Company branches have notaries?

Will Everence Trust Company notarize my document?

What address for Everence Trust Company should I put for incoming ACH transfers?

Will the Everence Trust Company branch print checks?

Do Everence Trust Company checks expire?

Does Everence Trust Company require US citizenship to open account?

Can Everence Trust Company close my account?

Does Everence Trust Company Report to credit bureaus?

Does Everence Trust Company Use Equifax?

What is Everence Trust Company's ACH Routing Number?

What is Everence Trust Company's SWIFT code?

Products

Does Everence Trust Company offer mortgages?

Compare mortgage rates here.

Does Everence Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Everence Trust Company offer personal loans?

Compare personal loan rates here.

Does Everence Trust Company offer student loans?

Will Everence Trust Company cash a check?

Will Everence Trust Company redeem a savings bond?

Does Everence Trust Company cash savings bonds?

Will Everence Trust Company cash money orders?

Can Everence Trust Company issue a money order?

Does Everence Trust Company do currency exchange?

Background on The Bank

Who owns Everence Trust Company?

How long has Everence Trust Company been around?

Can Everence Trust Company transfer to other banks?

Does Everence Trust Company have quick pay?

Does Everence Trust Company accept rolled coins?

Will Everence Trust Company accept loose change?

Where is Everence Trust Company headquarters?

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