Everence Trust Company

Everence Trust Company Locations
1110 North Main Street
Goshen, IN 46527
574-533-9511
www.everence.com

Everence Trust Company is headquartered in Goshen and is the 138th largest bank in the state of Indiana. It is also the 7,298th largest bank in the nation. It was established in 2001 and as of March of 2012, it had grown to 16 employees at 1 location. Everence Trust Company has a 5-star health rating.



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See Rates for: Checking | Savings | Money Market | CD | IRA

Everence Trust Company Checking Account Rates

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0.02%--Dividend Checking

Everence Trust Company Savings Account Rates

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0.35%--Youth Covenant
0.32%$50$500Jubilee Savings
0.30%--IRA Savings
0.30%--Roth IRA Savings
0.30%--Educational IRA Savings
0.30%--SEP IRA Savings
0.15%--Savings Account
0.15%--Club Account
0.15%--Health Savings Account (HSA)

Everence Trust Company Money Market Rates

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0.25%$15k$25kMoney Market Account

Everence Trust Company CD Rates

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1.25%$500-60 Month Share Certificate
1.25%$100k-60 Month Church Jumbo Certificate
0.90%$500-48 Month Share Certificate
0.90%$100k-48 Month Church Jumbo Certificate
0.65%$500-36 Month Share Certificate
0.65%$100k-36 Month Church Jumbo Certificate
0.40%$500-24 Month Share Certificate
0.40%$100k-24 Month Church Jumbo Certificate
0.25%$500-12 Month Share Certificate
0.25%$100k-12 Month Church Jumbo Certificate
0.15%$500-6 Month Share Certificate
0.15%$100k-6 Month Church Jumbo Certificate
0.10%$500-3 Month Share Certificate

Everence Trust Company IRA Rates

ApyMinMaxProduct
0.65%$500-36 Month IRA Certificate
0.65%$500-36 Month HSA Certificate
0.65%$500-36 Month Roth IRA Certificate
0.65%$500-36 Month Educational IRA Certificate
0.65%$500-36 Month SEP IRA Certificate
0.40%$500-24 Month IRA Certificate
0.40%$500-24 Month HSA Certificate
0.40%$500-24 Month Roth IRA Certificate
0.40%$500-24 Month Educational IRA Certificate
0.40%$500-24 Month SEP IRA Certificate
0.25%$500-12 Month IRA Certificate
0.25%$500-12 Month HSA Certificate
0.25%$500-12 Month Roth IRA Certificate
0.25%$500-12 Month Educational IRA Certificate
0.25%$500-12 Month SEP IRA Certificate

Rates updated: 5/18/2012 * Not all products updated

Data for Q1 2012


Institution Statistics


Everence Trust Company
OTS #16425
FDIC Certificate #57109
BankRate ReportView
Year Established2001
Employees16
Primary RegulatorOCC

Assets and Liabilities

Assets$5.22 million
Deposits$500,000
Equity Capital$4.16 million

Historic Data - March 2011

Assets$4.60 million
Equity Capital$3.63 million

Profit Margin - Quarterly

Net Interest Margin2.06%
Return on Assets-15.67%
Return on Equity-20.41%
Interest Income$18,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Everence Trust Company had $0 in non-current loans and owned real-estate with $4.16 million in equity and loan loss allowances on hand to cover it. This gives Everence Trust Company a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Deposit Growth3
In the past year, Everence Trust Company has increased its total deposits by $0, resulting in 0% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Everence Trust Company has shown is average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Everence Trust Company has $5.22 million in assets with $4.16 million in equity, resulting in a capitalization level of 79.68%, which is excellent.
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