Evolve Bank & Trust
Headquarters
301 Shoppingway Blvd
West Memphis, AR 72301
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2024 Overview
General Bank Information
Evolve Bank & Trust is an FDIC insured institution located in West Memphis, AR. It was founded in 1925 and has approximately $1.68 billion in assets. Customers can open an account at one of its 19 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 1299 |
| Date Established | 1925 |
| Assets | $ 1,679.66 million |
| Loans | $ 1,011.01 million |
| Deposits | $ 1,142.68 million |
| Capital | $ 161.74 million |
For a more detailed analysis of Evolve Bank & Trust's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 14, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - November 14, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Evolve Bank & Trust
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 2578474 |
6.584% |
6.500% 0.50 points $2,810 fees |
$2,023 | Learn More |
NMLS ID: 1025894 |
6.866% |
6.750% 1.00 points $3,801 fees |
$2,076 | Learn More |
NMLS ID: 3030 |
7.212% |
7.125% 0.88 points $2,800 fees |
$2,156 | Learn More |
NMLS ID: 3029 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.490 %
After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Evolve Bank & Trust
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Branches
Evolve Bank & Trust branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Evolve Bank & Trust Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 87.00 | A | View Lobby Hours | |
| 245.82 | B | View Lobby Hours | |
| 274.43 | C | View Lobby Hours | |
| 345.55 | D | View Lobby Hours | |
| 387.50 | E | View Lobby Hours | |
| 413.33 | F | View Lobby Hours | |
| 414.81 | G | View Lobby Hours | |
| 465.22 | H | View Lobby Hours | |
| 491.18 | I | View Lobby Hours | |
| 494.97 | J | View Lobby Hours | |
| 505.07 | K | View Lobby Hours | |
| 516.71 | L | View Lobby Hours | |
| 525.89 | M | View Lobby Hours | |
| 528.47 | N | View Lobby Hours | |
| 644.20 | O | View Lobby Hours | |
| 878.78 | P | View Lobby Hours | |
| 882.96 | Q | View Lobby Hours | |
| 1159.33 | R | View Lobby Hours | |
| 1890.54 | S | View Lobby Hours |
Climate Policy and Initiatives
Evolve Bank & Trust is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Evolve Bank & Trust Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Evolve Bank & Trust. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Evolve Bank & Trust | U.S. Bank Average |
|---|---|
| 2.68% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, Evolve Bank & Trust had $4,682,000 in non-current loans and $83,000 in owned real estate. To cover these potential losses it had $161,741,000 in equity and $16,359,000 in loans loss reserves. That gives it a Texas Ratio of 2.68%.
Return on Equity
| Evolve Bank & Trust | U.S. Bank Average |
|---|---|
| 8.82% | 10.46% |
Evolve Bank & Trust has a Return on Equity of 8.82% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Evolve Bank & Trust | U.S. Bank Average |
|---|---|
| 9.63% | 10.84% |
Evolve Bank & Trust has a Capitalization of 9.63% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Evolve Bank & Trust Balance Sheet Analysis
As of June 30, 2024, Evolve Bank & Trust had assets of $1,679,658,000, loans of $1,011,006,000, and deposits of $1,142,680,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 465.85 million |
| Interest-bearing balances | $ 410.98 million |
| Total securities | $ 99.08 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 1,011.01 million |
| Loan loss allowance | $ 16.36 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.08 million |
| Goodwill and other intangibles | $ 5.22 million |
| All other assets | $ 86.02 million |
| Total Assets | $ 1,517.92 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,142.68 million |
| Interest-bearing deposits | $ 881.56 million |
| Deposits held in domestic offices | $ 1,142.68 million |
| % insured (estimated) | 71.89% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 40.20 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 47.75 million |
| Total Liabilities | $ 1,517.92 million |
| Shareholders’ Equity | $ 161.74 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 42.06 million |
| Total Interest Expense | $ 25.94 million |
| Net interest income | $ 16.13 million |
| Provision for loan and lease losses | $ 0.07 million |
| Total non interest income | $ 52.81 million |
| Total non interest expense | $ 59.36 million |
| Pre-tax Net Operating Income | $ 8.89 million |
Bank Loan Profile?
The top three loan types in Evolve Bank & Trust’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.
Compared to other banks in Arkansas, Evolve Bank & Trust has a significantly higher percent of Credit Card Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 20.04 | ✓ | ||
| Multifamily Mortgages |
1.37 | ✓ | ||
| Credit Card Loans | 4.75 | ✓ | ||
| Consumer Auto Loans | 0.07 | ✓ | ||
| Small Business Loans | 7.24 | ✓ | ||
| Construction and Development Loans | 3.59 | ✓ | ||
| Commercial Real Estate | 12.60 | ✓ | ||
| Commercial and Industrial Loans | 14.74 | ✓ | ||
| Farm Loans | 0.10 | ✓ | ||
Customer Reviews for Evolve Bank & Trust
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