Kasasa Cash BackAsk for Kasasa

The free checking account that rewards you in cash.

Open an Acount
Commercial Checking

Commercial Checking

Get a business checking account with all the extras!

Get a business checking account with all the extras!


Evergreen Bank Group's Commercial Checking account comes with a detailed account analysis and an Earnings Credit Rate to offset fees. Minimum deposit of $100 to open.

Summary

Account Analysis

Account analysis allows a business to offset fees and service charges by maintaining compensating balances. Instead of an account being "hard charged" and debited for services throughout the month, a running total, called "soft charges" is kept. At the end of the month, the customer receives an earnings credit based on the average collected balance in the account.

Earnings Credit Summary

An earnings credit rate, based on the Fed Discount Rate, is applied to the average collected balance to calculate the earnings value of the investable balance on an account. The net activity charges are then compared to the earnings value of the average collected balance described above.

If the amount of the earnings credit is greater than the soft charge total, no fees are deducted that month. If the amount of the earnings credit is less than the soft charge total, the remaining fees will be deducted from the account balance.

Terms

If account is closed within 90 days, a $50 account closing fee will apply.

All accounts subject to credit approval. Other terms and conditions may apply. For more information, please contact an Executive Banker at your local branch.

80% Combined Loan to Value Program - Single Family Program

Combined Loan to Value: up to 80% Maximum Loan Amount $200,000

AmountInterest Rate (Prime 4.75%)APR* / Rate Floor 4.25%
$150,000 to $200,000Prime +.00 to Prime + 1.004.75% to 5.75%
$100,000 to $149,999Prime + .50 to Prime + 1.255.25% to 6.00%
$50,000 to $99,999Prime + .75 to Prime + 1.505.50% to 6.25%
Up to $49,999Prime + 1.00 to Prime + 1.755.75% to 6.50%
80% Combined Loan to Value Program - Condominium Program

Combined Loan to Value: up to 80% Maximum Loan Amount $150,000

AmountInterest Rate (Prime 4.75%)APR* / Rate Floor 4.25%
$100,000 to $150,000Prime + .75 to Prime + 1.505.50% to 6.25%
$50,000 to $99,999Prime + 1.00 to Prime + 1.755.75% to 6.50%
Up to $49,999Prime + 1.25 to Prime + 2.006.00% to 6.75%
85% Combined Loan to Value Program - Single Family Program

Combined Loan to Value: 80.01% - 85% Maximum Loan Amount $125,000
(80% when 1st Mortgage Exceeds $1,000,000)

AmountInterest Rate (Prime 4.75%)APR* / Rate Floor 4.95%
$75,000 to $125,000Prime + 1.00 to Prime + 1.755.75% to 6.50%
$25,000 to $74,999Prime + 1.25 to Prime + 2.006.00% to 6.75%
Up to $24,999Prime + 1.50 to Prime + 2.256.25% to 7.00%
85% Combined Loan to Value Program - Condominium Program

Combined Loan to Value: 80.01% - 85% Maximum Loan Amount $100,000
(80% when 1st Mortgage Exceeds $1,000,000)

AmountInterest Rate (Prime 4.75%)APR* / Rate Floor 4.95%
$50,000 to $100,000Prime + 1.25 to Prime + 2.006.00% to 6.75%
$25,000 to $49,999Prime + 1.50 to Prime + 2.256.25% to 7.00%
Up to $24,999Prime + 1.75 to Prime + 2.506.50% to 7.25%
90% Combined Loan to Value Program - Single Family Program

Combined Loan to Value: 85.01% to 90% Maximum Loan Amount $75,000
(80% when 1st Mortgage Exceeds $1,000,000)

AmountInterest Rate (Prime 4.75%)APR* / Rate Floor 4.95%
$50,000 to $75,000Prime + 1.25 to Prime + 2.006.00% to 6.75%
$25,000 to $49,999Prime + 1.50 to Prime + 2.256.25% to 7.00%
Up to $24,999Prime + 1.75 to Prime + 2.506.50% to 7.25%
90% Combined Loan to Value Program - Condominium Program

Combined Loan to Value: 85.01% to 90% Maximum Loan Amount $75,000
(80% when 1st Mortgage Exceeds $1,000,000)

AmountInterest Rate (Prime 4.75%)APR* / Rate Floor 4.95%
$50,000 to $75,000Prime + 1.50 to Prime + 2.256.25% to 7.00%
$25,000 to $49,999Prime + 1.75 to Prime + 2.506.50% to 7.25%
Up to $24,999Prime + 2.00 to Prime + 2.756.75% to 7.50%

Payment Examples:

*APR (Annual Percentage Rate) based on your loan-to-value (LTV), your approved line amount, and credit criteria, and will range from a variable APR of Prime to Prime+2.75, subject to change with Prime. As of today, the Prime Rate is 4.75%. The "floor" ranges from 4.25% to 4.95%, and the "ceiling" is 19.90%. No discount rate programs or promotions apply. Rates are variable and may increase after consummation. The floor rate is the minimum rate you may be charged on the line of credit. Your rate may never go below the floor rate, regardless of the Index + margin rate.

80% Combined Loan to Value Program

If you had an outstanding balance of $10,000, during the draw period the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $169.01, during the repayment period on a balance of $10,000 the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $192.58. Annual Percentage Rate varies based on a maximum loan to value 80%, owner-occupied properties, depending upon your commitment amount and credit qualifications.

85% Combined Loan to Value Program

If you had an outstanding balance of $10,000, during the draw period the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $169.01, during the repayment period on a balance of $10,000 the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $192.58. Annual Percentage Rate varies based on a maximum loan to value 85%, owner-occupied properties, depending upon your commitment amount and credit qualifications.

90% Combined Loan to Value Program

If you had an outstanding balance of $10,000, during the draw period the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $169.01, during the repayment period on a balance of $10,000 the minimum payment at the maximum Annual Percentage Rate of 19.90% would be $192.58. Annual Percentage Rate varies based on a maximum loan to value 90%, owner-occupied properties, depending upon your commitment amount and credit qualifications.

10-Year Fixed Rate Loan / 30-Year Amortization / Balloon Payment after 10 Years

80% Combined Loan to Value Program – Single Family Program

Combined Loan to Value: up to 80% Maximum Loan Amount $200,000

AmountInterest RateAPR*
Up to $200,0005.99% to 6.79%6.42% to 7.23%
80% Combined Loan to Value Program - Condominium Program

Combined Loan to Value: up to 80% Maximum Loan Amount $150,000

AmountInterest RateAPR*
Up to $150,0006.29% to 6.99%6.72% to 7.43%
85% Combined Loan to Value Program – Single Family Program

Combined Loan to Value: 80.01% - 85% Maximum Loan Amount $125,000

AmountInterest RateAPR*
Up to $125,0006.29% to 6.89%6.72% to 7.33%
85% Combined Loan to Value Program – Condominium Program

Combined Loan to Value: 80.01% - 85% Maximum Loan Amount $100,000

AmountInterest RateAPR*
Up to $100,0006.59% to 6.99%7.03% to 7.43%
90% Combined Loan to Value Program - Single Family Program

Combined Loan to Value: 85.01% to 90% Maximum Loan Amount $75,000
(80% when 1st Mortgage Exceeds $1,000,000)

AmountInterest RateAPR*
Up to $75,0006.49% to 7.19%6.93% to 7.64%
90% Combined Loan to Value Program - Condominium Program

Combined Loan to Value: 85.01% to 90% Maximum Loan Amount $75,000
(80% when 1st Mortgage Exceeds $1,000,000)

AmountInterest Rate APR*
Up to $75,0006.79% to 7.19%7.23% to 7.64%

80% Combined Loan to Value Program Payment Examples

*APR = Annual Percentage Rate. Credit and other restrictions may apply.

Payment example: Fixed Rate Loan Representative monthly payment example per $10,000 is $59.90 at 6.42% APR (5.99% Interest Rate) for 119 months, with a final balloon payment of $8,426.95. Payment example: Fixed Rate Loan Representative monthly payment example per $10,000 is $65.14 at 7.23% APR (6.79% Interest Rate) for 119 months, with a final balloon payment of $8,603.51.

Payment example: Fixed Rate Loan Representative monthly payment example per $10,000 is $61.85 at 6.72% APR (6.29% Interest Rate) for 119 months, with a final balloon payment of $8,493.71.Payment example: Fixed Rate Loan Representative monthly payment example per $10,000 is $66.48 at 7.43% APR (6.99% Interest Rate) for 119 months, with a final balloon payment of $8,645.33.

85% Combined Loan to Value Program Payment Examples

*APR = Annual Percentage Rate. Credit and other restrictions may apply.

Payment example: Fixed Rate Loan Representative monthly payment example per $10,000 is $61.85 at 6.72% APR (6.29% Interest Rate) for 119 months, with a final balloon payment of $8,493.71. Payment example: Fixed Rate Loan Representative monthly payment example per $10,000 is $65.81 at 7.33% APR (6.89% Interest Rate) for 119 months, with a final balloon payment of $8,624.26.

Payment example: Fixed Rate Loan Representative monthly payment example per $10,000 is $63.81 at 7.03% APR (6.59% Interest Rate) for 119 months, with a final balloon payment of $8,561.13. Payment example: Fixed Rate Loan Representative monthly payment example per $10,000 is $66.48 at 7.43% APR (6.99% Interest Rate) for 119 months, with a final balloon payment of $8,645.33.

90% Combined Loan to Value Program Payment Examples

*APR = Annual Percentage Rate. Credit and other restrictions may apply.

Payment example: Fixed Rate Loans Representative monthly payment example per $10,000 is $63.15 at 6.93% APR (6.49% Interest Rate) for 119 months, with a final balloon payment of $8,539.54. Payment example: Fixed Rate Loans Representative monthly payment example per $10,000 is $67.83 at 7.64% APR (7.19% Interest Rate) for 119 months, with a final balloon payment of $8,686.22.

Payment example: Fixed Rate Loans Representative monthly payment example per $10,000 is $65.14 at 7.23% APR (6.79% Interest Rate) for 119 months, with a final balloon payment of $8,603.51. Payment example: Fixed Rate Loan Representative monthly payment example per $10,000 is $67.83 at 7.64% APR (7.19% Interest Rate) for 119 months, with a final balloon payment of $8,686.22.