Evergreen Federal Bank Mortgage Rates, Fees & Info

Grants Pass, OR

LEI: 2549007E4NL6J0YLH946

Tax ID: 93-0177988

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Evergreen Federal Bank is a smaller bank specializing in Home Purchase loans. Evergreen Federal Bank has a high proportion of conventional loans. Their top markets by origination volume include: Grants Pass, Medford, Brookings, Coos Bay, and Bend among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Evergreen Federal Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    295

    Origination Dollar Volume (All Markets)

    $77,745,000

    Employee count

    85

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    GRANTS PASS, OR (FHA|USDA|VA) 169 $38,135,000 $225,651 $0 0.00%
    MEDFORD, OR (FHA|USDA|VA) 115 $35,995,000 $313,000 $0 0.00%
    Brookings, OR (FHA|USDA|VA) 9 $2,225,000 $247,222 $0 0.00%
    Coos Bay, OR (FHA|USDA|VA) 1 $1,185,000 $1,185,000 $0 0.00%
    BEND, OR (FHA|USDA|VA) 1 $205,000 $205,000 $0 0.00%
    Evergreen Federal Bank's top markets include Grants Pass, Medford, Brookings, Coos Bay, and Bend among others.

    Their top states include:
  • Oregon (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 295 $77,745,000 $263,542 $0 0.00%

    For 2018, Evergreen Federal Bank's most frequently originated type of loan was Conventional, with 295 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 196 $55,650,000 $283,929 $0 0.00%
    Refi 51 $13,105,000 $256,961 $0 0.00%
    Cash Out Refi 21 $4,495,000 $214,048 $0 0.00%
    Home Improvement 15 $1,125,000 $75,000 $0 0.00%
    Other 12 $3,370,000 $280,833 $0 0.00%

    For 2018, Evergreen Federal Bank's most frequently cited loan purpose was Home Purchase, with 196 originations. The 2nd most popular reason was Refi, with 51 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 295 $77,745,000 $263,542 $0 0.00%

    For 2018, Evergreen Federal Bank's most frequently cited loan duration was Other, with 295 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 158 $42,970,000 $271,962 $0 0.00%
    $100k-200k 78 $11,710,000 $150,128 $0 0.00%
    $100,000 or less 29 $1,805,000 $62,241 $0 0.00%
    $400k-600k 25 $10,955,000 $438,200 $0 0.00%
    $1MM+ 5 $10,305,000 $2,061,000 $0 0.00%

    2018 saw Evergreen Federal Bank place emphasis on $200k-400k loans with 158 originations, totaling $42,970,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 40 $10,070,000 $251,750 $0 0.00%
    $50k-75k 37 $5,785,000 $156,351 $0 0.00%
    $250k+ 29 $9,395,000 $323,966 $0 0.00%
    $75k-100k 28 $6,750,000 $241,071 $0 0.00%
    $50k or less 24 $3,520,000 $146,667 $0 0.00%
    $150k-250k 20 $5,040,000 $252,000 $0 0.00%

    Evergreen Federal Bank lent most frequently to those with incomes in the $100k-150k range, with 40 originations. The second most popular income band? $50k-75k, with 37 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 295 $77,745,000 $263,542 $0 0.00%

    Evergreen Federal Bank lent most frequently to those with DTI ratios of Exempt%, with 295 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 155 $34,625,000 $223,387 $0 0.00%
    Not applicable 107 $33,435,000 $312,477 $0 0.00%
    Not provided 29 $8,935,000 $308,103 $0 0.00%
    American Indian 3 $615,000 $205,000 $0 0.00%
    Native Hawaiian or Islander 1 $135,000 $135,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.48%

    Evergreen Federal Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.14%

    Evergreen Federal Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 295 $77,745,000 $263,542

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $11,665,000 $1,060,455
    Single Family (1-4 Units):Manufactured 14 $2,630,000 $187,857
    Single Family (1-4 Units):Site-Built 270 $63,450,000 $235,000

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Evergreen Moneysource Mortgage Company FHA mortgage Closing on a mortgage 2 50.0%
    Evergreen Moneysource Mortgage Company FHA mortgage Struggling to pay mortgage 1 25.0%
    Evergreen Moneysource Mortgage Company VA mortgage Struggling to pay 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 $34,208
    Evergreen Federal Bank 1329 Northeast 6th Street Grants Pass, OR 97526 Full Service B&M $51,980
    Evergreen Federal Bank 501 Crater Lake Avenue Medford, OR 97501 Full Service B&M $40,116
    Evergreen Federal Bank 850 Chetco Avenue Brookings, OR 97415 Full Service B&M $34,951
    Evergreen Federal Bank 969 S E Sixth Street Grants Pass, OR 97526 Full Service B&M $239,123

    For 2018, Evergreen Federal Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,725
    Net interest income $17,132
    Total noninterest income $1,827
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $269
    Trading account gains and fees $0
    Additional Noninterest Income $1,558
    Pre-tax net operating income $5,532
    Securities gains (or losses, -) $-133
    Income before extraordinary items $4,160
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,160
    Minority interest net income $0
    Net income $4,160
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,265

    Evergreen Federal Bank's gross interest income from loans was $17,725,000.
    Evergreen Federal Bank's net interest income from loans was $17,132,000.
    Evergreen Federal Bank's fee based income from loans was $269,000.
    Evergreen Federal Bank's net income from loans was $4,160,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $593
    Provision for credit losses $572
    Total noninterest expense $12,855
    Salaries and employee benefits $7,455
    Premises and equipment expense $1,694
    Additional noninterest expense $3,706
    Applicable income taxes $1,239
    Net charge-offs $31
    Cash dividends $0

    Evergreen Federal Bank's interest expense for loans was $593,000.
    Evergreen Federal Bank's payroll and benefits expense were $7,455,000.
    Evergreen Federal Bank's property, plant and equipment expenses $1,694,000.

    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 $397,939
    Deposits held in domestic offices $397,939
    Deposits by Individuals, partnerships, and corporations $397,936
    Deposits by U.S. Government $2
    Deposits by States and political subdivisions in the U.S. $1
    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 $148,154
    Demand deposits $72,874
    Nontransaction accounts $249,785
    Money market deposit accounts (MMDAs) $1,305
    Other savings deposits (excluding MMDAs) $211,452
    Total time deposits $37,028
    Total time and savings deposits $325,065
    Noninterest-bearing deposits $37,508
    Interest-bearing deposits $360,431
    Retail deposits $393,076
    IRAs and Keogh plan accounts $14,131
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $455,448
    Cash & Balances due from depository institutions $17,241
    Interest-bearing balances $13,629
    Total securities $40,344
    Federal funds sold & reverse repurchase $0
    Net loans and leases $361,645
    Loan and leases loss allowance $5,453
    Trading account assets $0
    Bank premises and fixed assets $18,668
    Other real estate owned $0
    Goodwill and other intangibles $471
    All other assets $17,079

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $455,448
    Total Liabilities $400,560
    Total deposits $397,939
    Interest-bearing deposits $360,431
    Deposits held in domestic offices $397,939
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,600
    Subordinated debt $0
    All other liabilities $1,021

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $361,645
    Loan and leases loss allowance $5,453
    Total loans and leases (domestic) $367,098
    All real estate loans $352,763
    Real estate loans in domestic offices $352,763
    Construction and development loans $29,425
    Residential 1-4 family construction $12,838
    Other construction, all land development and other land $16,587
    Loans secured by nonfarm nonresidential properties $159,949
    Nonfarm nonresidential secured by owner-occupied properties $46,108
    Commercial real estate & other non-farm, non-residential $113,841
    Multifamily residential real estate $17,063
    1-4 family residential loans $145,596
    Farmland loans $730
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $8,983
    To non-U.S. addressees $0
    Loans to individuals $1,563
    Credit card loans $0
    Related Plans $187
    Consumer Auto Loans $0
    Other loans to individuals $1,376
    All other loans & leases $3,789
    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 $1,243
    Non 1-4 family restructured loans & leases $1,243
    Total loans and leases (foreign) $0

    Evergreen Federal Bank had $361,645,000 of loans outstanding in 2018. $352,763,000 of loans were in real estate loans. $29,425,000 of loans were in development loans. $17,063,000 of loans were in multifamily mortgage loans. $145,596,000 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 211 $63,404 $300,493
    Nonfarm, nonresidential loans - <$100k 20 $846 $42,300
    Nonfarm, nonresidential loans - $100-250k 69 $9,231 $133,783
    Nonfarm, nonresidential loans - $250k-1MM 122 $53,327 $437,107
    Commercial & Industrial, US addressed loans - <$1MM 83 $8,983 $108,229
    Commercial & Industrial, US addressed loans - <$100k 48 $1,413 $29,438
    Commercial & Industrial, US addressed loans - $100-250k 20 $2,073 $103,650
    Commercial & Industrial, US addressed loans - $250k-1MM 15 $5,497 $366,467