Evergreen National Bank is headquartered in Evergreen and is the 65th largest bank in the state of Colorado. It is also the 4,540th largest bank in the nation. It was established in 1981 and as of December of 2013, it had grown to 36 employees at 4 locations. Evergreen National Bank has a C+ health rating.
Evergreen National Bank
12/31/12
This is a very poor bank. "Evergreen National" uses the local name of their community to exploit wealthier customers, while providing rude and inferior bank products and services. In fact they frequently report old and/or conflicting information, which leads to problems. Their systems are way behind the true "national" banks in the area, such as Chase.
If you challenge them about purporting bad data, first they'll try to blame anyone else. In my case, they quickly blamed a teller then shifted to their bill-pay service they offer (ownership information unavailable) and said they have nothing to do with them! If you keep pushing they'll start assessing questionable fees for their mistakes that are impossible to dispute impartially, and they know this.
Exasperated, a letter to top management took a full 6 weeks to get a reply. This is consistent with their terrible customer service that permeates management. Honestly I was surprised to even get a reply. (My next step will be DORA that regulates banks in CO.)
If you check their bank health on bankrate.com or elsewhere you'll find they are very below average at 2 stars out of 5. This is a bad bank. BEWARE.
Signed/Evergreen CO resident since 1976
Data for Q4 2013
Institution Health
Texas Ratio
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 December 31, 2013 Evergreen National Bank had $4.39 million in non-current loans and owned real-estate with $9.05 million in equity and loan loss allowances on hand to cover it. This gives Evergreen National Bank a Texas Ratio of 48.53% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Evergreen National Bank increased slightly from 33.43% as of December 31, 2012 to 48.53% as of December 31, 2013, resulting in a negative change of 45.19%. This indicates that the balance sheet and financial strength for Evergreen National Bank has declined slightly in recent periods.
Deposit Growth
In the past year, Evergreen National Bank has increased its total deposits by $2.97 million, resulting in 3.07% 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 Evergreen National Bank has shown is excellent.
Capitalization
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. Evergreen National Bank has $108.48 million in assets with $9.05 million in equity, resulting in a capitalization level of 8.35%, which is average.
Institution Statistics
| Overall | |
|---|---|
| FDIC Certificate # | 23404 |
| Year Established | 1981 |
| Employees | 36 |
| Primary Regulator | OCC |
| Assets and Liabilities | |
|---|---|
| Assets | $108.49 million |
| Loans | $46.81 million |
| Deposits | $99.77 million |
| Equity Capital | $8.39 million |
| Loan Loss Allowance | $661,000 |
| Unbacked Noncurrent Loans | $2.38 million |
| Real Estate Owned | $2.01 million |
| Historic Data - December 2012 | |
|---|---|
| Assets | $106.41 million |
| Equity Capital | $9.34 million |
| Loan Loss Allowance | $768,000 |
| Unbacked Noncurrent Loans | $2.38 million |
| Real Estate Owned | $2.09 million |
| Profit Margin - Quarterly | |
|---|---|
| Net Interest Margin | 3.11% |
| Return on Assets | 0.25% |
| Return on Equity | 2.88% |
| Interest Income | $2.86 million |
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Evergreen National Bank Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.01% | $100 | $100k | Personal Savings Account | |
| 0.01% | $300 | $100k | Business Savings Account | |
| 0.01% | - | $1m | IRA Savings Account | |
| 0.01% | $1k | $1m | Health Savings Accounts |
Evergreen National Bank Money Market Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.01% | - | $1m | Money Market Account |
Evergreen National Bank Checking Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.01% | $500 | - | Business NOW Account | |
| 0.01% | $100 | - | Silver 65 Checking | |
| 0.01% | $100 | - | Relationship Checking |
Evergreen National Bank CD Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.01% | $1k | - | 90 Day CD | |
| 0.01% | $1k | - | 6 Month CD | |
| 0.01% | $1k | - | 7-13 Month CD | |
| 0.01% | $1k | - | 14-23 Month CD | |
| 0.01% | $1k | - | 24-29 Month CD | |
| 0.01% | $1k | - | 30-35 Month CD | |
| 0.01% | $1k | - | 36 Month CD | |
| 0.01% | $1k | - | 48 Month CD | |
| 0.01% | $1k | - | 60 Month CD |
Evergreen National Bank IRA Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 0.01% | $1k | - | 90 Day IRA | |
| 0.01% | $1k | - | 6 Month IRA | |
| 0.01% | $1k | - | 7-13 Month IRA | |
| 0.01% | $1k | - | 14-23 Month IRA | |
| 0.01% | $1k | - | 24-29 Month IRA | |
| 0.01% | $1k | - | 30-35 Month IRA | |
| 0.01% | $1k | - | 36 Month IRA | |
| 0.01% | $1k | - | 48 Month IRA | |
| 0.01% | $1k | - | 60 Month IRA |
| Evergreen National Bank Locations | ||
|---|---|---|
| Bergen Park Branch | 1198 Bergen Parkway | Evergreen, CO 80439 |
| Idaho Springs Branch | 1546 Miner Street | Idaho Springs, CO 80452 |
| Evergreen National Bank | 28145 Colorado Highway 74 | Evergreen, CO 80439 |
| Georgetown Branch | 502 Sixth Street | Georgetown, CO 80444 |