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

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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 and Refi 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.

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    Originations

    443

    Origination Dollar Volume (All Markets)

    $121,735,000

    Employee count

    89

    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) 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.

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

    • Product Mix

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

    For 2021, Evergreen Federal Bank's most frequently originated type of loan was Conventional, with 443 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. 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 2021, Evergreen Federal Bank's most frequently cited loan purpose was Home Purchase, with 208 originations. The 2nd most popular reason was 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 2021, Evergreen Federal Bank's most frequently cited loan duration was 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
    94.52%

    Evergreen Federal Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.65%

    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