Evergreen Federal Bank

Headquarters

969 S E Sixth Street
Grants Pass, OR 97526
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 3.91% 2.80% →
15-Year Mortgage 3.44% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Evergreen Federal Bank is an FDIC insured institution located in Grants Pass, OR. It was founded in 1934 and has approximately $0.49 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 28914
Date Established 1934
Assets $ 491.16 million
Loans $ 371.15 million
Deposits $ 426.95 million
Capital $ 61.73 million
 

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

Deposit Rates - September 29, 2020

Your Current Location: Washington, WA 98109


Loan Rates - September 29, 2020

Your Current Location: Washington, WA 98109

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

Evergreen Federal Bank 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:
Seattle,Washington


Evergreen Federal Bank Locations


Financial Details

Evergreen Federal Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Evergreen Federal Bank. 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
Evergreen Federal Bank U.S. Bank Average
1.34% 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, Evergreen Federal Bank had $910,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $61,725,000 in equity and $6,119,000 in loans loss reserves. That gives it a Texas Ratio of 1.34%.

Return on Equity
Evergreen Federal Bank U.S. Bank Average
7.11% 7.80%

Evergreen Federal Bank has a Return on Equity of 7.11% 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
Evergreen Federal Bank U.S. Bank Average
12.57% 12.68%

Evergreen Federal Bank has a Capitalization of 12.57% 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.

Evergreen Federal Bank Balance Sheet Analysis

As of March 31, 2020, Evergreen Federal Bank had assets of $491,156,000, loans of $371,146,000, and deposits of $426,951,000. 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 $ 45.48 million
Interest-bearing balances $ 41.56 million
Total securities $ 37.20 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 371.15 million
Loan loss allowance $ 6.12 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.48 million
All other assets $ 18.54 million
     Total Assets $ 429.43 million
LIABILITIES
Total deposits $ 426.95 million
      Interest-bearing deposits $ 390.08 million
      Deposits held in domestic offices $ 426.95 million
      % insured (estimated) 89.05%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 1.20 million
Subordinated debt N.A.
All other liabilities $ 1.28 million
      Total Liabilities $ 429.43 million
      Shareholders’ Equity $ 61.73 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.70 million
Total Interest Expense $ 0.36 million
Net interest income $ 4.34 million
Provision for loan and lease losses $ 0.35 million
Total non interest income $ 0.50 million
Total non interest expense $ 3.40 million
Pre-tax Net Operating Income $ 1.09 million

Bank Loan Profile?

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

Compared to other banks in Oregon, Evergreen Federal Bank has a significantly higher percent of 1-4 Family Residential 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 37.34
Multifamily
Mortgages
6.13
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 9.30
Commercial Real Estate 45.65
Commercial and Industrial Loans 2.01
Farm Loans 0.00

Frequently Asked Questions About Evergreen Federal Bank

Branches and Savings

Is Evergreen Federal Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28914.

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

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

Why are Evergreen Federal Bank CD rates not competitive?

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

Is Evergreen Federal Bank a commercial bank?

Yes

Where are Evergreen Federal Bank locations?

See branch locations nearby.

Is Evergreen Federal Bank open on Saturdays?

Is Evergreen Federal Bank open on Sundays?

What time does Evergreen Federal Bank open?

What time does Evergreen Federal Bank close?

Are Evergreen Federal Bank ATMs Open 24/7?

Do Evergreen Federal Bank ATMs accept cash deposits?

Can Evergreen Federal Bank customers use other ATMs?

Do Evergreen Federal Bank branches have notaries?

Will Evergreen Federal Bank notarize my document?

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

Will the Evergreen Federal Bank branch print checks?

Do Evergreen Federal Bank checks expire?

Does Evergreen Federal Bank require US citizenship to open account?

Can Evergreen Federal Bank close my account?

Does Evergreen Federal Bank Report to credit bureaus?

Does Evergreen Federal Bank Use Equifax?

What is Evergreen Federal Bank's ACH Routing Number?

What is Evergreen Federal Bank's SWIFT code?

Products

Does Evergreen Federal Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Evergreen Federal Bank offer personal loans?

Compare personal loan rates here.

Does Evergreen Federal Bank offer student loans?

Will Evergreen Federal Bank cash a check?

Will Evergreen Federal Bank redeem a savings bond?

Does Evergreen Federal Bank cash savings bonds?

Will Evergreen Federal Bank cash money orders?

Can Evergreen Federal Bank issue a money order?

Does Evergreen Federal Bank do currency exchange?

Background on The Bank

Who owns Evergreen Federal Bank?

How long has Evergreen Federal Bank been around?

Can Evergreen Federal Bank transfer to other banks?

Does Evergreen Federal Bank have quick pay?

Does Evergreen Federal Bank accept rolled coins?

Will Evergreen Federal Bank accept loose change?

Where is Evergreen Federal Bank headquarters?

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