Evergreen Federal Savings and Loan Association in Grants Pass, Oregon (OR)



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Evergreen Federal Savings and Loan Association
GeneralFDIC Certificate #: 28914
Status: Active
Federal Reserve ID: 55970
Date Established: June 01, 1934
WWW: http://www.evergreenbanking.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 2610
FDIC's unique #: 41748
Numeric code: 38
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: November 05, 1934
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 969 S E Sixth Street, Grants Pass, OR 97526
County: Josephine
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Portland
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Grants Pass, OR (#24420)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $357.9 mil
Equity capital: $37.7 mil
Deposits held in domestic offices: $314.5 mil
Return on assets (ROA): 0.28% ($1.0 mil)
Quarterly return on assets: 0.08% ($0.3 mil)
Return on Equity (ROE): 2.64% ($1.0 mil)
Quarterly return on equity: 0.78% ($0.3 mil)
Net income: $1.0 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.41% ($1,467.3 mil)
Quarterly Pretax return on assets: 0.09% ($322.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)83
Total assets$357,885
Cash and due from depository institutions$83,946
Interest-bearing balances$79,989
Securities$0
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$239,904
Loan loss allowance $2,936
Trading account assets$0
Bank premises and fixed assets$21,006
Other real estate owned$0
Goodwill and other intangibles$445
All other assets$12,584
Life insurance assets$357,885
Total liabilities and capital$320,190
Total liabilities$314,485
Total deposits$302,363
Interest-bearing deposits$314,485
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,000
Other borrowed funds $0
Subordinated debt $705
All other liabilities $37,695
Total equity capital$37,695
Total bank equity capital$37,695
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $37,695
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,542
Earning assets $0
Long-term assets (5+ years) $1,133
Average Assets, year-to-date $319,893
Average Assets, quarterly $0
Volatile liabilities $351,379
Insider loans $359,630
FHLB advances $238,958
Loans and leases held for sale $357,885
Unused loan commitments $6,116
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $37,695
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $37,949
Derivatives$676
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $16,446
Total interest expense $2,313
Net interest income $14,133
Provision for loan and lease losses $4,027
Total noninterest income $1,695
Fiduciary activities $0
Service charges on deposit accounts $131
Trading account gains & fees $0
Additional noninterest income $1,564
Total noninterest expense $11,420
Salaries and employee benefits $6,360
Premises and equipment expense $2,388
Additional noninterest expense $2,672
Pre-tax net operating income $381
Securities gains (losses) $1,057
Applicable income taxes $454
Income before extraordinary items $984
Extraordinary gains - net $0
Net income attributable to bank $984
Net charge-offs $0
Cash dividends $984
Sale, conversion, retirement of capital stock, net $2,575
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.24%
Cost of funding earning assets 0.74%
Net interest margin 4.50%
Noninterest income to earning assets 0.54%
Noninterest expense to earning assets 3.64%
Net operating income to assets 0.08%
Return on assets (ROA) 0.28%
Pretax return on assets 0.41%
Return on equity (ROE) 2.64%
Retained earnings to average equity (YTD only) 2.64%
Net charge-offs to loans 1.06%
Credit loss provision to net charge-offs 156.39%
Efficiency ratio1.71%
Assets per employee$72,151
Cash dividends to net income (YTD only)4.31%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.21%
Noncurrent assets plus other real estate owned to assets 82.89%
Noncurrent loans to loans 0.99%
Net loans and leases to deposits1.46%
Net loans and leases to core deposits 76.28%
Equity capital to assets 77.06%
Core capital (leverage) ratio 10.53%
Tier 1 risk-based capital ratio 10.53%
Total risk-based capital ratio 15.77%
Memoranda
Average assets$17
Average earning assets$351,379
Average equity $37,301
Average loans $313,857
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6 Oregon Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041748Evergreen Federal Savings And Loan A969 S E Sixth Street, Grants Pass, OR 97526June 01, 1934Full Service Brick and Mortar
1271557850 Chetco Avenue Branch850 Chetco Avenue, Brookings, OR 97415June 01, 1934Full Service Brick and Mortar
3271559101 Pine Street Branch101 Pine Street, Rogue River, OR 97537June 01, 1934Full Service Brick and Mortar
4271560130 N Redwood Highway Branch130 N Redwood Highway, Cave Junction, OR 97523June 01, 1934Full Service Brick and Mortar
100271561501 Crater Lake Avenue Branch501 Crater Lake Avenue, Medford, OR 97501June 01, 1934Full Service Brick and Mortar
102271563Grants Pass Branch1329 Northeast 6th Street, Grants Pass, OR 97526December 29, 1997Full Service Brick and Mortar
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