Statement of Condition

Report to Our Customers

"Bob Dylan once wrote “The times they are a changin,” certainly for 2017 and the beginning of 2018 these words ring true. While Evergreen is changing in terms of improving technology, we are unchanged in our commitment to you and the communities we serve. In 2018, we will be offering new debit chip cards for your security and mobile banking for increased ease of banking. We also continue to be committed to conservative banking principals–originating sound loans and maintaining a strong capital position.

In 2017 some of our highlights include:

Another profitable year increasing capital to more than $51 million

Growing Evergreen to more than $446 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 $78 million in mortgage lending

Stimulating our local economy by originating over $33 million in commercial loans

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, 2017

ASSETS
Mortgage Loans $ 325,246,447
Cash on Hand and In Banks      39,454,937
Other Investments      45,583,226
Stock in FHLB           523,300
Other Assets       35,910,038
Other Real Estate Owned
                    0
TOTAL $ 446,719,948

LIABILITIES
Checking Accounts                 $ 148,059,005
Savings Accounts
   242,754,747
FHLB Advances        1,800,000
Other Liabilities
       3,312,923
Capital
     50,793,273
TOTAL $ 446,719,948

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% 16.69%
Core Capital 4.00% 11.25%

In 2018, 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

 Asante, Oregon Wine Event - Jacksonville

• 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

 Hearts with a Mission Shelters - Grants Pass & Medford

Josephine County Food Bank & Raptor Creek Farm - Grants Pass

 Rooster Crow - Rogue River

 Trick-or-Treat Adventure - 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