Statement of Condition

REPORT TO OUR MEMBERS

In 1934 a small group of community minded individuals met to address banking needs in the Grants Pass area. These individuals envisioned a financial institution that would be an integral part of the community by making loans, encouraging thrift, and giving back to the community.

For 85 years Evergreen has been doing just that, making loans, encouraging thrift, and giving back. We are proud of our ability to stay true to our mission and fulfill our founding members’ dream. 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 in the communities we serve.

Looking back at 2018, some of our highlights include:

• Another profitable year increasing capital to more than $54 million

• Earning another “Outstanding” Community Reinvestment Act (CRA) Rating

• Growing Evergreen to more than $455 million in assets

• Another year ending with NO real estate owned through foreclosure

• Continuing to help our customers buy, build, remodel, and refinance their homes with more than $68 million in mortgage lending

• Stimulating our local economy by originating over $38 million in commercial loans

• Earning BauerFinancial’s highest 5-Star rating of “Sustained Superiority Bank” for securing a 5-Star rating over 100 consecutive quarters

• Sponsorship of projects that improved our local schools as well as hosting events that raised over $150 thousand for local nonprofits.

In early 2019, we will celebrate our 85th anniversary. We will continue to make loans, encourage thrift, and give back to our communities. No other bank has been headquartered in Southern Oregon longer than Evergreen.

Thank you for placing 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


FINANCIAL STATEMENT

Evergreen Federal Bank
Grants Pass, Oregon • December 31, 2018

ASSETS
Loans $ 361,473,185
Cash on Hand and In Banks      17,497,776
Other Investments      40,343,940
Other Assets       36,058,393
Other Real Estate Owned
                    0
TOTAL $ 455,373,294

LIABILITIES
Checking Accounts                 $ 146,995,714
Savings Accounts
   249,084,771
Borrowing        1,600,000
Other Liabilities
       2,804,708
Capital
     54,888,101
TOTAL $ 455,373,294

Core and Risk-Based Capital are the basis by which
the Office of the Comptroller of the Currency (OCC)
determines whether a savings association is
operating in a safe and sound manner.
Evergreen’s position are as follows:

CAPITAL OOC Requirements Evergreen's Positition
Risk-based Capital 8.00% 16.74%
Core Capital 4.00% 11.95%

In 2019, Evergreen will continue Title Sponsorships that strengthen our community. BearFest, Back to the ‘50s, Concerts in the Park, Taste of the Rogue, Rogue Winterfest, and investing in our local schools are just some of the projects that Evergreen has planned. It is our desire that these sponsorships benefit nonprofits, stimulate our local economy, and make a difference where we live.

Below is a partial list of Evergreen sponsored projects and events:

 Art-Along-the-Rogue - Grants Pass

• Back to the 50's - Grants Pass

• Boatnik Festival - Grants Pass

• Concerts in the Park - Grants Pass

• Downtown Christmas & Tree Lighting - Grants Pass

 Evergreen's BearFest - Grants Pass & Rogue River

• Evergreen's Magical Christmas Murals & Nutcrackers - Grants Pass

 First Crush - Grants Pass

 First Friday Live - Grants Pass  

• Grants Pass YMCA Turkey Trot - Grants Pass

Habitat for Humanity - Grants Pass

Josephine County Food Bank & Raptor Creek Farm - Grants Pass

 Rooster Crow - Rogue River

 Trick-or-Treat BearFest - Rogue River

 Rogue Valley YMCA Pear Blossom Run - Medford 

• Rogue Winterfest at Evergreen’s Bear Hotel - Grants Pass

Rogue Valley Boys & Girls Club, Taste of the Rogue - Grants Pass

• Southern Oregon Kite Festival - Brookings

Southern Oregon Adventure at Evergreen’s Bear Hotel - Grants Pass

Veteran’s Day Walk of Honor - Merlin

Women’s Crisis Support Team Clothing Fairs - Grants Pass

• Wilderness Trails, Evergreen Hall - Ashland