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EverTrust Financial Group, Inc.
2707 Colby Avenue, 600, Everett, WA 98201 * (425) 258-3645
Business Description The company is a savings and loan holding company for the Everett Mutual Bank, the Commercial Bank of Everett, Mutual Bancshares Capital and I-Pro, an item processing company.
Offering
Information

Company has
gone public

Trading As  EVRT (NASNTL) Industry  Savings Bank (SIC 6036)
Type of Stock Offered  Common Shares Filing Date  6/18/99
Domestic Shares Offered  8,596,250 Offer Date  10/4/99
Foreign Shares Offered  0 Filing Price  $10.00
Company Shares  8,596,250 Offer Price  $10.00
Selling Shrhldrs Shares  0 Gross Spread  - -
Gross Proceeds  $85,962,500 Selling  - -
Expenses  - - Reallowance  - -
Post-IPO Shares  - - Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Charles Webb & Company Lead Manager (614) 766-8400
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data 3/31/95 3/31/96 3/31/97 3/31/98 3/31/99    
Revenues   25.877 30.207 31.049 33.462 33.894 - -
Income from Oper.   - - - - - - -
Net Income   2.594 3.893 3.510 4.534 1.411 - -
E.P.S   - - - - - - -
Revenue Growth (%)      16.73 2.79 7.77 1.291   -
Net Income Growth (%)      50.08 -9.84 29.17 -68.88   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    10.02 12.89 11.30 13.55 4.16 - -
Cash Flow - Oper.     -26.52 - -
Cash Flow - Inv.     -7.76 - -
Cash Flow - Fin.     28.37 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 3/31/99 Financial Ratios
Total Assets    452.09 Current Assets    - Current Ratio    -
Total Liab.    399.83 Current Liab.    - Debt Ratio    88.44%
Total Equity    52.26 Working Cap.    - Debt to Equity Ratio    7.65
Cash    13.23    Return on Assets   0.31%
Use Of
Proceeds
Proceeds from the proposed offering will be used for general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Breyer & Associates PC
Bank's Law Firm  Silver, Freedman & Taff
Auditor  Deloitte & Touche
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Last updated: 10/10/99 3:42:00 PM
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