Statement of Condition

Report to Our Members

For 87 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: engaging with our customers locally, listening to their needs, and making a positive difference where they live.

In 2020 some of our highlights included:

  • Another profitable year increasing capital to more than $64 million
  • Growing Evergreen to more than $579 million in assets
  • Another year ending with NO real estate owned through foreclosure
  • Helping our customers buy, build, and refinance their homes with more than $127 million in mortgage lending
  • Stimulating our local economy by originating over $34 million in commercial loans
  • Earning BauerFinancial's highest 5-Star rating of "Best of Bauer Bank" 
  • Sponsorship of projects that benefit local schools and nonprofits

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

- Jeff Hyde,
President/CEO

 Evergreen Federal Bank, Statement of Condition as of December 31, 2020

 

ASSETS 
Loans $356,408,058
Cash on Hand and in Banks $149,654,621
Other Investments $33,865,860
Other Assets $39,350,789
Other Real Estate Owned 0  
Total   $579,279,328

 

LIABILITIES     
Checking Accounts   $212,872,852
Savings Accounts                 $293,896,143
Borrowing $1,200,000
Other Liabilities $7,054,530
Capital $64,255,803
Total $579,279,328

 

CAPITAL OCC Requirements Evergreen's Position
Community Bank Leverage Ratio 9.00% 11.27%
Core Capital 4.00% 11.27%

  

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