Statement of Condition

Report to Our Members

For 90 years Evergreen has been making loans, encouraging thrift, and reinvesting in the communities we serve. We are proud of our ability to stay true to our Mutual charter mission. As Evergreen continues to grow stronger than ever, we look forward to continuing to serve Southern Oregon: by engaging with our customers locally, listening to their needs, and making a positive difference where they live.

In 2023 some of our highlights included:

  • Another profitable year increasing retained earnings to more than $74 million
  • Another year ending with NO real estate owned through foreclosure
  • Helping our customers buy, build, and refinance their homes with more than $44 million in mortgage lending
  • Stimulating our local economy by originating over $47 million in commercial loans
  • Earning BauerFinancial's highest 5-Star rating of "Sustained Superiority Bank" 
  • Community involvement with over one thousand hours of staff service and volunteerism.

"Thank you for continuing to place your trust in Evergreen and for your support of what we have been able to do in our community."

- Jeff Hyde,

 Evergreen Federal Bank, Statement of Condition as of December 31, 2023


Loans $464,079,804
Cash on Hand and in Banks $30,393,006
Other Investments $61,635,900
Other Assets $48,826,720
Other Real Estate Owned  0
Total   $604,935,430


Checking Accounts   $228,477,060
Savings Accounts                 $292,281,512
Borrowing $9,600,000
Other Liabilities $4,174,956
Capital $70,401,902
Total $604,935,430


CAPITAL OCC Requirements Evergreen's Position
Community Bank Leverage Ratio 9.00% 12.36%
Core Capital 4.00% 12.36%


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