Evans Bank, Financial Information

AboutEvans Bank

 Address:
8599 Erie Rd
Angola,NY
Erie County,New York
 Established:
Jan 1920
 Number of domestic offices:
17
Total assets$2,028M
Net income$13M
Net income,quarterly$7M
Total deposits$1,776M
Domestic deposits$1,776M
Equity capital$183M
ROA0.74%
ROAQ,quarterly1.31%
ROA,pretax1.31%
ROAQ,quarterly,pretax1.47%
ROE8.27%
ROEQ,quarterly14.84%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Evans Bancorp, Inc. is a financial holding company for Evans Bank, a federally chartered community bank and Evans National Financial Services. The Company, through its banking and financial services subsidiaries primarily conducts business in Erie, Cattaraugus, Chautauqua and Niagara counties of Western New York.

Evans Bank is a full-service commercial bank with principal bank product offerings that include personal and business deposit services, online banking, consumer installment loans, residential and commercial real estate lending, lines of credit and merchant credit cards.

Currently, Bank branches are located in Amherst, Angola, Clarence, Derby, Elmwood Village, Evans, Forestville, Hamburg, Lancaster, North Boston, North Buffalo, Tonawanda and West Seneca, New York; however the Bank is actively pursuing a de novo expansion strategy to increase the size of its retail branch system.

The Company initiated a revenue diversification strategy in 2000 by acquiring non-bank and non-interest margin based financial services businesses. Nine insurance-related acquisitions were completed between September 2000 and October 2004, which combined to form The Evans Agency, Inc., a subsidiary of the Company’s holding company, Evans National Financial Services, Inc.

The Evans Agency Insurance offices include fourteen locations, several of which are located within Bank branches. In addition to auto, home, life, business, municipal and employer insurance products and benefit programs, the Agency includes a financial services division that offers access to investments and securities. The Evans Agency continues a strategy to actively consolidate smaller insurance agencies in existing or contiguous markets.

Evans Bancorp, Inc.
One Grimsby Drive
Hamburg, NY 14075
(716) 926-2000
(716) 926-2005 Fax