Despite posting a small first-quarter profit, EvergreenBancorp Inc. in Seattle says its survival is in jeopardy.

The $489 million-asset company earned $108,000 for the quarter, down 97% from a year earlier, according to a Securities and Exchange Commission filing Friday.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.