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



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Evolve Bank & Trust
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Primary Regulatory Agency
Change in Supervisory Agency
Institution Becomes a Member of FRS (Federal Reserve System)
Financial SummaryTotal 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)
Total employees (full-time equivalent)317
Total assets$246,274
Cash and due from depository institutions$1,973
Interest-bearing balances$621
Securities$25,823
Federal funds sold & reverse repurchase agreements$7,196
Net loans & leases$194,762
Loan loss allowance $1,713
Trading account assets$0
Bank premises and fixed assets$3,274
Other real estate owned$155
Goodwill and other intangibles$2,504
All other assets$10,587
Life insurance assets$246,274
Total liabilities and capital$224,198
Total liabilities$159,566
Total deposits$142,983
Interest-bearing deposits$159,566
Deposits held in domestic offices$73
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$60,000
Other borrowed funds $0
Subordinated debt $4,632
All other liabilities $22,076
Total equity capital$22,076
Total bank equity capital$22,076
Perpetual preferred stock$0
Common stock$100
Surplus$16,464
Undivided profits $5,512
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $93,799
Income earned, not collected on loans $4,334
Earning assets $0
Long-term assets (5+ years) $1,341
Average Assets, year-to-date $228,402
Average Assets, quarterly $131,163
Volatile liabilities $189,685
Insider loans $228,830
FHLB advances $161,316
Loans and leases held for sale $220,640
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $19,345
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $32,506
Derivatives$1,082
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,446
Total interest expense $1,595
Net interest income $6,851
Provision for loan and lease losses $1,236
Total noninterest income $25,808
Fiduciary activities $888
Service charges on deposit accounts $130
Trading account gains & fees $0
Additional noninterest income $24,790
Total noninterest expense $28,887
Salaries and employee benefits $21,430
Premises and equipment expense $1,791
Additional noninterest expense $5,666
Pre-tax net operating income $2,536
Securities gains (losses) $35
Applicable income taxes $970
Income before extraordinary items $1,601
Extraordinary gains - net $0
Net income attributable to bank $1,601
Net charge-offs $0
Cash dividends $1,601
Sale, conversion, retirement of capital stock, net $821
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 assets4.81%
Cost of funding earning assets 0.91%
Net interest margin 3.90%
Noninterest income to earning assets 14.71%
Noninterest expense to earning assets 16.46%
Net operating income to assets 0.83%
Return on assets (ROA) 0.84%
Pretax return on assets 1.36%
Return on equity (ROE) 8.56%
Retained earnings to average equity (YTD only) 8.56%
Net charge-offs to loans 0.58%
Credit loss provision to net charge-offs 150.55%
Efficiency ratio4.59%
Assets per employee$88,450
Cash dividends to net income (YTD only)0.78%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.87%
Noncurrent assets plus other real estate owned to assets 39.52%
Noncurrent loans to loans 1.82%
Net loans and leases to deposits2.21%
Net loans and leases to core deposits 122.06%
Equity capital to assets 147.51%
Core capital (leverage) ratio 8.96%
Tier 1 risk-based capital ratio 8.77%
Total risk-based capital ratio 11.99%
Memoranda
Average assets$13
Average earning assets$189,685
Average equity $18,695
Average loans $175,473
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$251,691
Number of Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts158
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$251,691
Corporate trust and agency accounts$9,303
Other fiduciary accounts$242,388
Fiduciary accounts held in foreign offices$0
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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
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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
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1 Colorado Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
13505486Englewood Lpo9777 Pyramid Court, Suite 230, Englewood, CO 80112December 07, 2009Limited Service Loan Production
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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
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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
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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
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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
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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
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1 Ohio Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
10505483Cincinnati Lpo11311 Cornell Park Drive, #400, Cincinnati, OH 45242September 08, 2009Limited Service Loan Production
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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
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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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