Evergreen Federal Bank Mortgage Rates, Fees & Info

Grants Pass, OR

LEI: 2549007E4NL6J0YLH946

Tax ID: 93-0177988

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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, Roseburg, and Portland among others. We have data for 8 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 an above 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    272

    Origination Dollar Volume (All Markets)

    $73,580,000

    Employee count

    87

    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) 162 $41,700,000 $257,407 $0 0.00%
    MEDFORD, OR (FHA|USDA|VA) 93 $27,155,000 $291,989 $0 0.00%
    Brookings, OR (FHA|USDA|VA) 10 $2,690,000 $269,000 $0 0.00%
    Roseburg, OR (FHA|USDA|VA) 2 $760,000 $380,000 $0 0.00%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $465,000 $465,000 $0 0.00%
    Coos Bay, OR (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
    BEND, OR (FHA|USDA|VA) 1 $235,000 $235,000 $0 0.00%
    EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $185,000 $185,000 $0 0.00%
    Evergreen Federal Bank's top markets include Grants Pass, Medford, Brookings, Roseburg, and Portland among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 272 $73,580,000 $270,515 $0 0.00%

    For 2019, Evergreen Federal Bank's most frequently originated type of loan was Conventional, with 272 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 183 $55,345,000 $302,432 $0 0.00%
    Refi 44 $10,900,000 $247,727 $0 0.00%
    Cash Out Refi 28 $5,300,000 $189,286 $0 0.00%
    Home Improvement 10 $790,000 $79,000 $0 0.00%
    Other 7 $1,245,000 $177,857 $0 0.00%

    For 2019, Evergreen Federal Bank's most frequently cited loan purpose was Home Purchase, with 183 originations. The 2nd most popular reason was Refi, with 44 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 272 $73,580,000 $270,515 $0 0.00%

    For 2019, Evergreen Federal Bank's most frequently cited loan duration was Other, with 272 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 129 $36,505,000 $282,984 $0 0.00%
    $100k-200k 76 $11,770,000 $154,868 $0 0.00%
    $100,000 or less 31 $1,925,000 $62,097 $0 0.00%
    $400k-600k 28 $12,780,000 $456,429 $0 0.00%
    $600k-1MM 6 $4,650,000 $775,000 $0 0.00%
    $1MM+ 2 $5,950,000 $2,975,000 $0 0.00%

    2019 saw Evergreen Federal Bank place emphasis on $200k-400k loans with 129 originations, totaling $36,505,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 42 $7,700,000 $183,333 $0 0.00%
    $100k-150k 31 $9,465,000 $305,323 $0 0.00%
    $250k+ 31 $9,975,000 $321,774 $0 0.00%
    $50k or less 26 $3,540,000 $136,154 $0 0.00%
    $75k-100k 22 $4,650,000 $211,364 $0 0.00%
    $150k-250k 18 $5,680,000 $315,556 $0 0.00%

    Evergreen Federal Bank lent most frequently to those with incomes in the $50k-75k range, with 42 originations. The second most popular income band? $100k-150k, with 31 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 272 $73,580,000 $270,515 $0 0.00%

    Evergreen Federal Bank lent most frequently to those with DTI ratios of Exempt%, with 272 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 95 $30,305,000 $319,000 $0 0.00%
    White 130 $29,830,000 $229,462 $0 0.00%
    Not provided 39 $11,575,000 $296,795 $0 0.00%
    American Indian 6 $1,610,000 $268,333 $0 0.00%
    Native Hawaiian or Islander 1 $135,000 $135,000 $0 0.00%
    Asian 1 $125,000 $125,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    92.14%

    Evergreen Federal Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    92.28%

    Evergreen Federal Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 272 $73,580,000 $270,515

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $605,000 $605,000
    Multifamily:Site-Built 8 $9,370,000 $1,171,250
    Single Family (1-4 Units):Manufactured 11 $1,185,000 $107,727
    Single Family (1-4 Units):Site-Built 252 $62,420,000 $247,698

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Evergreen Moneysource Mortgage Company Conventional home mortgage Struggling to pay mortgage 1 50.0%
    Evergreen Moneysource Mortgage Company FHA mortgage Trouble during payment process 1 50.0%

    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 $38,576
    Evergreen Federal Bank 1329 Northeast 6th Street Grants Pass, OR 97526 Full Service B&M $55,952
    Evergreen Federal Bank 501 Crater Lake Avenue Medford, OR 97501 Full Service B&M $41,022
    Evergreen Federal Bank 850 Chetco Avenue Brookings, OR 97415 Full Service B&M $37,301
    Evergreen Federal Bank 969 S E Sixth Street Grants Pass, OR 97526 Full Service B&M $234,471

    For 2019, Evergreen Federal Bank had 5 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $19,033
    Net interest income $17,777
    Total noninterest income $1,958
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $273
    Trading account gains and fees $0
    Additional Noninterest Income $1,685
    Pre-tax net operating income $6,021
    Securities gains (or losses, -) $110
    Income before extraordinary items $4,533
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,533
    Minority interest net income $0
    Net income $4,533
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,446

    Evergreen Federal Bank's gross interest income from loans was $19,033,000.
    Evergreen Federal Bank's net interest income from loans was $17,777,000.
    Evergreen Federal Bank's fee based income from loans was $273,000.
    Evergreen Federal Bank's net income from loans was $4,533,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,256
    Provision for credit losses $372
    Total noninterest expense $13,342
    Salaries and employee benefits $8,150
    Premises and equipment expense $1,697
    Additional noninterest expense $3,495
    Applicable income taxes $1,598
    Net charge-offs $57
    Cash dividends $0

    Evergreen Federal Bank's interest expense for loans was $1,256,000.
    Evergreen Federal Bank's payroll and benefits expense were $8,150,000.
    Evergreen Federal Bank's property, plant and equipment expenses $1,697,000.

    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 $414,243
    Deposits held in domestic offices $414,243
    Deposits by Individuals, partnerships, and corporations $414,212
    Deposits by U.S. Government $19
    Deposits by States and political subdivisions in the U.S. $12
    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 $158,585
    Demand deposits $85,497
    Nontransaction accounts $255,658
    Money market deposit accounts (MMDAs) $12,974
    Other savings deposits (excluding MMDAs) $185,235
    Total time deposits $57,449
    Total time and savings deposits $328,746
    Noninterest-bearing deposits $37,831
    Interest-bearing deposits $376,412
    Retail deposits $402,668
    IRAs and Keogh plan accounts $15,069
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $476,816
    Cash & Balances due from depository institutions $30,028
    Interest-bearing balances $26,573
    Total securities $46,510
    Federal funds sold & reverse repurchase $0
    Net loans and leases $364,599
    Loan and leases loss allowance $5,768
    Trading account assets $0
    Bank premises and fixed assets $18,427
    Other real estate owned $0
    Goodwill and other intangibles $464
    All other assets $16,788

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $476,816
    Total Liabilities $416,719
    Total deposits $414,243
    Interest-bearing deposits $376,412
    Deposits held in domestic offices $414,243
    % insured (estimated) $90
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $1,400
    Subordinated debt $0
    All other liabilities $1,076

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $364,599
    Loan and leases loss allowance $5,768
    Total loans and leases (domestic) $370,367
    All real estate loans $358,147
    Real estate loans in domestic offices $358,147
    Construction and development loans $28,695
    Residential 1-4 family construction $13,563
    Other construction, all land development and other land $15,132
    Loans secured by nonfarm nonresidential properties $169,418
    Nonfarm nonresidential secured by owner-occupied properties $51,539
    Commercial real estate & other non-farm, non-residential $117,879
    Multifamily residential real estate $22,518
    1-4 family residential loans $137,516
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $7,604
    To non-U.S. addressees $0
    Loans to individuals $1,092
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $1,092
    All other loans & leases $3,524
    Loans to foreign governments and official institutions $0
    Other loans $3
    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 $1,114
    Non 1-4 family restructured loans & leases $1,114
    Total loans and leases (foreign) $0

    Evergreen Federal Bank had $364,599,000 of loans outstanding in 2019. $358,147,000 of loans were in real estate loans. $28,695,000 of loans were in development loans. $22,518,000 of loans were in multifamily mortgage loans. $137,516,000 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 224 $67,673 $302,112
    Nonfarm, nonresidential loans - <$100k 16 $735 $45,938
    Nonfarm, nonresidential loans - $100-250k 75 $9,891 $131,880
    Nonfarm, nonresidential loans - $250k-1MM 133 $57,047 $428,925
    Commercial & Industrial, US addressed loans - <$1MM 76 $7,604 $100,053
    Commercial & Industrial, US addressed loans - <$100k 45 $1,397 $31,044
    Commercial & Industrial, US addressed loans - $100-250k 15 $1,107 $73,800
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $5,100 $318,750