Evergreen Federal Bank Mortgage Rates, Fees & Info

Grants Pass, OR

LEI: 2549007E4NL6J0YLH946

Tax ID: 93-0177988

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Evergreen Federal Bank is a smaller bank specializing in Home Purchase and Refi loans. Evergreen Federal Bank has a high proportion of conventional loans. Their top markets include Grants Pass, Medford, Brookings, Roseburg, and Portland among others. Evergreen Federal Bank has an above average approval rate for mortages when compared nationally. They have an average pick rate when compared to the same sample of other lendors.


Originations

443

Origination Dollar Volume (All Markets)

$121,735,000

Employee count

89

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
GRANTS PASS, OR (FHA|USDA|VA) 273 $70,755,000 $259,176 $0 0.00%
MEDFORD, OR (FHA|USDA|VA) 141 $42,175,000 $299,113 $0 0.00%
Brookings, OR (FHA|USDA|VA) 11 $3,385,000 $307,727 $0 0.00%
Roseburg, OR (FHA|USDA|VA) 8 $2,010,000 $251,250 $0 0.00%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 4 $1,760,000 $440,000 $0 0.00%
Coos Bay, OR (FHA|USDA|VA) 3 $735,000 $245,000 $0 0.00%
BEND, OR (FHA|USDA|VA) 2 $550,000 $275,000 $0 0.00%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $365,000 $365,000 $0 0.00%

Evergreen Federal Bank's top markets include Grants Pass, Medford, Brookings, Roseburg, and Portland among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 443 $121,735,000 $274,797 $0 0.00%

For the 2021 period, Evergreen Federal Bank's most frequently originated loan type of loans were Conventional, with 443 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 208 $67,600,000 $325,000 $0 0.00%
Refi 152 $35,420,000 $233,026 $0 0.00%
Cash Out Refi 68 $16,200,000 $238,235 $0 0.00%
Home Improvement 13 $1,615,000 $124,231 $0 0.00%
Other 2 $900,000 $450,000 $0 0.00%

For the 2021, Evergreen Federal Bank's most frequently cited loan purpose of loans were Home Purchase, with 208 originations. The 2nd most popular reason of loans were Refi, with 152 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
Other 443 $121,735,000 $274,797 $0 0.00%

For the 2021, Evergreen Federal Bank's most frequently cited loan length of loans were Other, with 443 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 219 $61,725,000 $281,849 $0 0.00%
$100k-200k 128 $19,160,000 $149,688 $0 0.00%
$400k-600k 67 $32,245,000 $481,269 $0 0.00%
$100,000 or less 22 $1,620,000 $73,636 $0 0.00%
$600k-1MM 5 $4,005,000 $801,000 $0 0.00%
$1MM+ 2 $2,980,000 $1,490,000 $0 0.00%

2021 saw Evergreen Federal Bank place emphasis on $200k-400k loans with 219 originations, totaling $61,725,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 66 $12,710,000 $192,576 $0 0.00%
$100k-150k 57 $16,175,000 $283,772 $0 0.00%
$75k-100k 55 $13,805,000 $251,000 $0 0.00%
$250k+ 54 $18,740,000 $347,037 $0 0.00%
$50k or less 40 $6,180,000 $154,500 $0 0.00%
$150k-250k 34 $12,660,000 $372,353 $0 0.00%

Evergreen Federal Bank lent most frequently to those with incomes in the $50k-75k range, with 66 originations. The second most popular income band? $100k-150k, with 57 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
Exempt% 443 $121,735,000 $274,797 $0 0.00%

Evergreen Federal Bank lent most frequently to those with DTI ratios of Exempt%, with 443 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 225 $58,655,000 $260,689 $0 0.00%
Not applicable 122 $36,730,000 $301,066 $0 0.00%
Not provided 93 $25,585,000 $275,108 $0 0.00%
American Indian 2 $440,000 $220,000 $0 0.00%
Asian 1 $325,000 $325,000 $0 0.00%

Approval Rates

Total approvals of all applications
93.67%

Evergreen Federal Bank has an average approval rate.

Pick Rate

Approvals leading to origination
90.66%

Evergreen Federal Bank has an average pick rate.

Points and Fees

Points Originations Total Value Average Loan
Exempt 443 $121,735,000 $274,797

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
443 $121,735,000 $274,797

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
Evergreen Moneysource Mortgage Company Conventional home mortgage Closing on a mortgage 1 25.0%
Evergreen Moneysource Mortgage Company Conventional home mortgage Struggling to pay mortgage 1 25.0%
Evergreen Moneysource Mortgage Company Other type of mortgage Closing on a mortgage 1 25.0%
Evergreen Moneysource Mortgage Company VA mortgage Closing on a mortgage 1 25.0%

Bank Details

Branches

Bank Name Branch Branch Type Deposits (000's)
Evergreen Federal Bank 101 Pine Street Rogue River, OR 97537 Full Service B&M $45,165
Evergreen Federal Bank 1329 Northeast 6th Street Grants Pass, OR 97526 Full Service B&M $77,650
Evergreen Federal Bank 501 Crater Lake Avenue Medford, OR 97501 Full Service B&M $58,180
Evergreen Federal Bank 850 Chetco Avenue Brookings, OR 97415 Full Service B&M $41,332
Evergreen Federal Bank 969 S E Sixth Street Grants Pass, OR 97526 Full Service B&M $319,518

For 2021, Evergreen Federal Bank had 5 branches.

Yearly Performance Overview

Bank Income

Item Value (in 000's)
Total interest income $17,610
Net interest income $17,002
Total noninterest income $2,712
Gross Fiduciary activities income $0
Service charges on deposit accounts $177
Trading account gains and fees $0
Additional Noninterest Income $2,535
Pre-tax net operating income $6,036
Securities gains (or losses, -) $0
Income before extraordinary items $4,523
Discontinued Operations (Extraordinary gains, net) $0
Net income of bank and minority interests $4,523
Minority interest net income $0
Net income $4,523
Sale, conversion, retirement of capital stock, net $0
Net operating income $4,523

Evergreen Federal Bank's gross interest income from loans was $17,610,000.
Evergreen Federal Bank's net interest income from loans was $17,002,000.
Evergreen Federal Bank's fee based income from loans was $177,000.
Evergreen Federal Bank's net income from loans was $4,523,000.

Bank Expenses

Item Value (in 000's)
Total interest expense $608
Provision for credit losses $-1,095
Total noninterest expense $14,773
Salaries and employee benefits $8,681
Premises and equipment expense $1,947
Additional noninterest expense $4,145
Applicable income taxes $1,513
Net charge-offs $-103
Cash dividends $0

Evergreen Federal Bank's interest expense for loans was $608,000.
Evergreen Federal Bank's payroll and benefits expense were $8,681,000.
Evergreen Federal Bank's property, plant and equipment expenses $1,947,000.

Loan Performance

Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
All loans 0.0%
Real Estate loans 0.0%
Construction & Land Development loans 0.0%
Nonfarm, nonresidential loans 0.0%
Multifamily residential loans 0.0%
1-4 family residential loans 0.0%
HELOC loans 0.0%
All other family 0.0%
Commercial & industrial loans 0.0%
Personal loans 0.0%
Credit card loans 0.0%
Other individual loans 0.0%
Auto loans 0.0%
Other consumer loans 0.0%
Unsecured commercial real estate loans 0.0%

Deposits

Type Value (in 000's)
Total deposits $544,208
Deposits held in domestic offices $544,208
Deposits by Individuals, partnerships, and corporations $544,208
Deposits by U.S. Government $0
Deposits by States and political subdivisions in the U.S. $0
Deposits by Commercial banks and other depository institutions in U.S. $0
Deposits by Banks in foreign countries $0
Deposits by Foreign governments and official institutions $0
Transaction accounts $236,163
Demand deposits $142,620
Nontransaction accounts $308,045
Money market deposit accounts (MMDAs) $31,098
Other savings deposits (excluding MMDAs) $228,656
Total time deposits $48,291
Total time and savings deposits $401,588
Noninterest-bearing deposits $54,573
Interest-bearing deposits $489,635
Retail deposits $536,648
IRAs and Keogh plan accounts $16,418
Brokered deposits $0
Deposits held in foreign offices $0

Assets

Asset Value (in 000's)
Total Assets $614,777
Cash & Balances due from depository institutions $106,884
Interest-bearing balances $103,405
Total securities $99,639
Federal funds sold & reverse repurchase $0
Net loans and leases $368,563
Loan and leases loss allowance $6,867
Trading account assets $0
Bank premises and fixed assets $18,997
Other real estate owned $0
Goodwill and other intangibles $571
All other assets $20,123

Liabilities

Liabilities Value (in 000's)
Total liabilities and capital $614,777
Total Liabilities $546,993
Total deposits $544,208
Interest-bearing deposits $489,635
Deposits held in domestic offices $544,208
% insured (estimated) $85
Federal funds purchased and repurchase agreements $0
Trading liabilities $0
Other borrowed funds $1,000
Subordinated debt $0
All other liabilities $1,785

Issued Loan Types

Type Value (in 000's)
Net loans and leases $368,563
Loan and leases loss allowance $6,867
Total loans and leases (domestic) $375,430
All real estate loans $367,436
Real estate loans in domestic offices $367,436
Construction and development loans $37,976
Residential 1-4 family construction $16,422
Other construction, all land development and other land $21,554
Loans secured by nonfarm nonresidential properties $175,420
Nonfarm nonresidential secured by owner-occupied properties $55,788
Commercial real estate & other non-farm, non-residential $119,632
Multifamily residential real estate $19,995
1-4 family residential loans $134,045
Farmland loans $0
Loans held in foreign offices $0
Farm loans $0
Commercial and industrial loans $4,266
To non-U.S. addressees $0
Loans to individuals $761
Credit card loans $0
Related Plans $0
Consumer Auto Loans $0
Other loans to individuals $761
All other loans & leases $2,967
Loans to foreign governments and official institutions $0
Other loans $2
Loans to depository institutions and acceptances of other banks $0
Loans not secured by real estate $0
Loans secured by real estate to non-U.S. addressees $0
Restructured Loans & leases $0
Non 1-4 family restructured loans & leases $0
Total loans and leases (foreign) $0

Evergreen Federal Bank had $368,563,000 of loans outstanding in 2021. $367,436,000 of loans were in real estate loans. $37,976,000 of loans were in development loans. $19,995,000 of loans were in multifamily mortgage loans. $134,045,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

Small Business Loans

Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
Nonfarm, nonresidential loans - <$1MM 221 $69,965 $316,584
Nonfarm, nonresidential loans - <$100k 14 $518 $37,000
Nonfarm, nonresidential loans - $100-250k 65 $7,748 $119,200
Nonfarm, nonresidential loans - $250k-1MM 142 $61,699 $434,500
Commercial & Industrial, US addressed loans - <$1MM 60 $4,266 $71,100
Commercial & Industrial, US addressed loans - <$100k 33 $1,012 $30,667
Commercial & Industrial, US addressed loans - $100-250k 14 $914 $65,286
Commercial & Industrial, US addressed loans - $250k-1MM 13 $2,340 $180,000