Evolve Bank & Trust in West Memphis, Arkansas (AR), TN, TX, GA, MI
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Evolve Bank & Trust in West Memphis, Arkansas (AR), TN, TX, GA, MI
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Evolve Bank & Trust - Overview

  • General
  • FDIC Certificate #: 1299
    Status: Active
    Federal Reserve ID: 592448
    Bank Holding Company (Regulatory Top Holder): Evolve Financial Group, Inc. (RSSDID: 3343351, Location: Cordova, TN)
    Date Established: June 05, 1925
    WWW: http://www.getevolved.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 22 (Domestic: 21, Interstate: Yes)
    OTS Docket #: 13695
    FDIC's unique #: 874
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 08, 2010
    Last Structure Change Process Date: September 22, 2010
    Last Data Update: September 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 Shoppingway Boulevard, West Memphis, AR 72301
    County: Crittenden
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Memphis
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Memphis, TN-AR-MS (#4920)
    Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820)
    CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
  • History of Changes
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $246.3 mil
    Equity capital: $22.1 mil
    Deposits held in domestic offices: $159.6 mil
    Return on assets (ROA): 0.84% ($2.1 mil)
    Quarterly return on assets: 0.74% ($1.8 mil)
    Return on Equity (ROE): 8.56% ($1.9 mil)
    Quarterly return on equity: 7.77% ($1.7 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.36% ($3,349.3 mil)
    Quarterly Pretax return on assets: 2.44% ($6,009.1 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
  • 317Total employees (full-time equivalent)
  • $246,274Total assets
  • $1,973Cash and due from depository institutions
  • $621Interest-bearing balances
  • $25,823Securities
  • $7,196Federal funds sold & reverse repurchase agreements
  • $194,762Net loans & leases
  • $1,713Loan loss allowance
  • $0Trading account assets
  • $3,274Bank premises and fixed assets
  • $155Other real estate owned
  • $2,504Goodwill and other intangibles
  • $246,274Life insurance assets
  • $10,587All other assets
  • $224,198Total liabilities and capital
  • $159,566Total liabilities
  • $142,983Total deposits
  • $159,566Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $60,000Trading liabilities
  • $0Other borrowed funds
  • $4,632Subordinated debt
  • $22,076All other liabilities
  • $22,076Total equity capital
  • $22,076Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $16,464Surplus
  • $5,512Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $93,799Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,334Income earned, not collected on loans
  • $0Earning assets
  • $1,341Long-term assets (5+ years)
  • $228,402Average Assets, year-to-date
  • $131,163Average Assets, quarterly
  • $189,685Volatile liabilities
  • $228,830Insider loans
  • $161,316FHLB advances
  • $220,640Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,345Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $32,506Restructured Loans and leases
  • $1,082Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,446Total interest income
  • $1,595Total interest expense
  • $6,851Net interest income
  • $1,236Provision for loan and lease losses
  • $25,808Total noninterest income
  • $888Fiduciary activities
  • $130Service charges on deposit accounts
  • $0Trading account gains & fees
  • $24,790Additional noninterest income
  • $28,887Total noninterest expense
  • $21,430Salaries and employee benefits
  • $1,791Premises and equipment expense
  • $5,666Additional noninterest expense
  • $2,536Pre-tax net operating income
  • $35Securities gains (losses)
  • $970Applicable income taxes
  • $1,601Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,601Net income attributable to bank
  • $0Net charge-offs
  • $1,601Cash dividends
  • $821Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 3.90%Net interest margin
  • 14.71%Noninterest income to earning assets
  • 16.46%Noninterest expense to earning assets
  • 0.83%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.36%Pretax return on assets
  • 8.56%Return on equity (ROE)
  • 8.56%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 150.55%Credit loss provision to net charge-offs
  • 4.59%Efficiency ratio
  • 88,450Assets per employee
  • 0.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 39.52%Noncurrent assets plus other real estate owned to assets
  • 1.82%Noncurrent loans to loans
  • 2.21%Net loans and leases to deposits
  • 122.06%Net loans and leases to core deposits
  • 147.51%Equity capital to assets
  • 8.96%Core capital (leverage) ratio
  • 8.77%Tier 1 risk-based capital ratio
  • 11.99%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $189,685Average earning assets
  • $18,695Average equity
  • $175,473Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $251,691Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 158Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $251,691Other retirement accounts
  • $9,303Corporate trust and agency accounts
  • $242,388Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Arkansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0874Evolve Bank & Trust301 Shoppingway Boulevard, West Memphis, AR 72301June 05, 1925Full Service Brick and Mortar
    5485993Parkin Branch123 West Parkin, Parkin, AR 72373Febuary 01, 2009Full Service Brick and Mortar
    21510232Wynne Branch1690 Falls Boulevard North, Wynne, AR 72396August 18, 2009Full Service Brick and Mortar
    23513425Brinkley Branch302 North Main Street, Brinkley, AR 72021October 06, 2010Full Service Brick and Mortar
  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    8505481San Juan Capistrano Lpo29122 Ranch Viejo Road, Suite 201, San Juan Capistrano, CA 92675April 08, 2009Limited Service Loan Production
  • 1 Colorado Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    13505486Englewood Lpo9777 Pyramid Court, Suite 230, Englewood, CO 80112December 07, 2009Limited Service Loan Production
  • 2 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    12505485Jasper Lpo12 Sammy Mcghee Boulevard, Suite 201, Jasper, GA 30143September 16, 2009Limited Service Loan Production
    18507799Woodstock Lpo1003 Weatherstone Parkway, Suite 310, Woodstock, GA 30188April 21, 2010Limited Service Loan Production
  • 2 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    16505489Grand Rapids Lpo2305 East Paris Avenue, Suite 101, Grand Rapids, MI 49546January 15, 2010Limited Service Loan Production
    17506263Grand Haven Lpo15 South 2nd Street, Grand Haven, MI 49417March 15, 2010Limited Service Loan Production
  • 1 Mississippi Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    19509265Ridgeland Lpo403-B Towne Center Boulevard, Suite 102, Ridgeland, MS 39157June 02, 2010Limited Service Loan Production
  • 1 Missouri Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    25514868Chesterfield Loan Production Office18118 Chesterfield Airport Rd Ste A, Chesterfield, MO 63005December 02, 2010Limited Service Loan Production
  • 1 New York Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    15505488New York Lpo175 Route 25a, Suite 12, East Setauket, NY 11733January 11, 2010Limited Service Loan Production
  • 1 Ohio Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    10505483Cincinnati Lpo11311 Cornell Park Drive, #400, Cincinnati, OH 45242September 08, 2009Limited Service Loan Production
  • 5 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    6505479Memphis Lpo8000 Centerview Parkway, Suite 500, Cordova, TN 38018January 02, 2006Limited Service Loan Production
    22511141Covington Lpo104 West Liberty Avenue, Covington, TN 38019August 11, 2010Limited Service Loan Production
    24513841Centerview Pkwy Branch8000 Centerview Pkwy, Suite 500, Cordova, TN 38018November 01, 2010Full Service Brick and Mortar
    27526394Triad Branch6070 Popular Avenue, Suite 100, Memphis, TN 38119October 17, 2011Full Service Brick and Mortar
    28528027Franklin Loan Production Office357 Riverside Drive, Franklin, TN 37064January 20, 2012Limited Service Loan Production
  • 3 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    14505487Dallas, Tx Lpo2245 Keller Way, Suite 200, Carrollton, TX 75006January 05, 2010Limited Service Loan Production
    20509807Rawlins Street Lpo3710 Rawlins Street, Suite 830, Dallas, TX 75219June 11, 2010Limited Service Loan Production
    26522006Frisco Loan Production Office2811 Internet Blvd., Suite 275, Frisco, TX 75034June 30, 2011Full Service Brick and Mortar

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