1 star ratingAverage User Rating:
1 star rating based on 1 review.

Evergreen National Bank

Evergreen National Bank Locations
28145 Colorado Highway 74
Evergreen, CO 80439
1-866-362-2656
www.enbcolorado.com

FDIC

Evergreen National Bank is headquartered in Evergreen and is the 69th largest bank in the state of Colorado. It is also the 4,727th largest bank in the nation. It was established in 1981 and as of December of 2012, it had grown to 32 employees at 4 locations. Evergreen National Bank has a 3-star health rating.

Evergreen National Bank Routing Number: 107003861



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

Evergreen National Bank Checking Account Rates

ApyMinMaxProduct
0.01%$500-Business NOW Account
0.01%--Silver 65 Checking
0.01%--Relationship Checking

Evergreen National Bank Savings Account Rates

ApyMinMaxProduct
0.01%$100$100kPersonal Savings Account
0.01%$300$100kBusiness Savings Account
0.01%-$1mIRA Savings Account
0.01%$1k$1mHealth Savings Accounts

Evergreen National Bank Money Market Rates

ApyMinMaxProduct
0.01%-$1mMoney Market Account

Evergreen National Bank CD Rates

ApyMinMaxProduct
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

ApyMinMaxProduct
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

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


Evergreen National Bank
FDIC Certificate #23404
BankRate ReportView
Year Established1981
Employees32
Primary RegulatorOCC

Assets and Liabilities

Assets$106.41 million
Loans$37.35 million
Deposits$96.80 million
Equity Capital$9.34 million
Loan Loss Allowance$768,000
Unbacked Noncurrent Loans$1.66 million
Real Estate Owned$2.09 million

Historic Data - December 2011

Assets$99.77 million
Equity Capital$9.68 million
Loan Loss Allowance$1.27 million
Unbacked Noncurrent Loans$2.46 million
Real Estate Owned$3.20 million

Profit Margin - Quarterly

Net Interest Margin2.7%
Return on Assets-0.34%
Return on Equity-3.64%
Interest Income$2.41 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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, 2012 Evergreen National Bank had $3.75 million in non-current loans and owned real-estate with $10.11 million in equity and loan loss allowances on hand to cover it. This gives Evergreen National Bank a Texas Ratio of 37.09% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Evergreen National Bank decreased slightly from 51.63% as of December 31, 2011 to 37.09% as of December 31, 2012, resulting in a positive change of 28.15%.This indicates that the balance sheet and financial strength for Evergreen National Bank has improved slightly in recent periods.
Deposit Growth5
In the past year, Evergreen National Bank has increased its total deposits by $6.94 million, resulting in 7.73% 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.
Capitalization3
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 $106.41 million in assets with $10.11 million in equity, resulting in a capitalization level of 9.50%, which is average.
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Evergreen National Bank
1 stars - chrisH - Monday, December 31, 2012 - 3:19 PM

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

 

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