Enterprise Bank Reports – 2730431

Enterprise Bank Financial Reports

Quarter Ended: 2024-09-30

Data Updated on: 11/22/2024

Enterprise Bank is a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC) located in Allison Park, PA. Established on 10/23/1998, the bank is regulated by the FDIC and has 1 domestic offices. It operates in the Pittsburgh, PA.

The bank has 63 employees and holds $445,185k in total assets. With a focus on community banking, the bank has been serving its customers since 10/23/1998.

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Enterprise Bank Institution Profile

Established Date10/23/1998Institution ClassCommercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC)
Primary RegulatorFDICNumber of Domestic Offices1
Number of Foreign Offices0Number of US Offices0
Number of Employees63Directly owned by another bank (CERT)No
Community BankYesZIP15101
Ownership TypeNot MutualCityAllison Park
State Alpha codePAState and County Number42003
Subchapter S CorporationsNoTrust PowersTrust Powers Not Known
Federal Reserve ID Number4Federal Reserve ID Number DescriptionCLEVELAND
Office of The Comptroller District:NORTHEAST DISTRICTOffice of Thrift Supervision RegionNortheast
Last Structure Change Effective Date07/12/2017Date of Deposit Insurance10/23/1998
Primary Insurance AgencyDIF

Institution Profile Overview

Delve into the foundational details of Enterprise Bank with our “Institution Profile” table. The 10/23/1998 marks the bank’s inception, providing historical context. Categorized as a Commercial bank, state charter, Fed non-member, and supervised by the Federal Deposit Insurance Corporation (FDIC), the bank operates under the oversight of FDIC, ensuring compliance and regulatory adherence.

1 domestic offices reflect the bank’s physical footprint, while insights into ownership type, trust powers, and regulatory affiliations contribute to understanding its operational structure. Details such as Allison Park, PA, and 15101 provide geographic context. Explore these attributes to gain a holistic view of Enterprise Bank in the financial landscape.

Enterprise Bank Financials

(USD, in thousands)

Total Assets$445,185Total Liabilities$408,181
Total Equity Capital$37,004Total Deposits$342,089
Net Loans and Leases$330,412Total Interest Income$6,486
Total Noninterest Income$1,671Total Interest Expense$3,116
Total Noninterest Expense$3,800Tier 1 Risk-Based Capital Ratio11.60%
Net Loans and Leases to Core DepositsN/AReturn on Assets1.27%
Return on Equity15.08%Efficiency Ratio75.38%

Financial Performance Overview

Gain a comprehensive perspective on Enterprise Bank’s financial landscape through our “Financials” table. The bank boasts total assets of $445,185k, showcasing its substantial scale and influential market presence. A nuanced breakdown reveals insights into the bank’s financial structure and stability, with total liabilities standing at $408,181k and total equity capital at $37,004k.

Delve into key operational metrics, including total deposits of $342,089k, net loans and leases at $330k, and a meticulous analysis of income and expense components. Explore vital ratios such as the Tier 1 Risk-Based Capital Ratio, standing at 11.6047, and Return on Assets at 1.27. These metrics provide valuable insights into the bank’s risk management strategies and overall profitability.

This detailed financial overview is designed to enhance your understanding of Enterprise Bank’s performance and competitive positioning within the financial industry.

Enterprise Bank Additional Financial Information

(USD, in thousands)

Earnings Coverage of Net Loan Charge-Offs(x)N/ANet Loans and Leases to Core DepositsN/A
Tier 1 Risk-Based Capital Ratio11.60%Securities Gains (Losses)$0
Goodwill and Other IntangiblesN/ACost of Funding Earning Assets0.00%
Yield on Earning Assets6.35%Total Interest Income$6,486
Applicable Income Taxes$427Loss Allowance to Loans and Leases0.36%
Net Loans and Leases$330,412Loss Allowance to Noncurrent Loans and Leases7.70%
Noncurrent Loans to Loans4.63%Net Income Attributable to Bank and Noncontrolling Interests$1,370
Net Interest Income$3,370Net Interest Margin3.30%
Net Operating Income to Assets1.27%Noninterest Income to Average Assets1.54%
Total Noninterest Income$1,671Noninterest Expense to Average Assets3.51%
Total Noninterest Expense$3,800Net Charge-Offs to Loans and Leases0.00%
All Other AssetsN/AOther Real Estate Owned$4,086
Other borrowed funds$63,172Pre-tax Net Operating Income$1,797
Pretax Return on Assets1.66%Return on Assets1.27%
Retained Earnings to Average Equity (YTD only)N/A

Insights into Financial Metrics

Enhance your understanding of Enterprise Bank‘s financial standing through our Additional Financial Information table. Explore key metrics such as Net Loans and Leases: $330,412k and Net Interest Income $3,370k to gain valuable insights into the bank’s core operations and revenue streams. Assess the Tier 1 Risk-Based Capital Ratio: 11.6047 for in-depth insights into capital adequacy and risk management strategies.

Delve into the intricacies of Net Charge-Offs to Loans and Leases: 0 to evaluate the bank’s asset quality and risk mitigation efforts. Examine the composition of income through Total Noninterest Income: $1,671k and evaluate operational efficiency using metrics like Efficiency Ratio: 75.38. This nuanced financial overview empowers a comprehensive analysis of Enterprise Bank‘s strategic financial position and performance in the industry.

Frequently Asked Questions (FAQs)

What is the asset size of Enterprise Bank?

The asset size of Enterprise Bank is approximately $445,185k, reflecting the bank’s scale and market presence.

How does the loan-to-deposit ratio of Enterprise Bank compare to industry benchmarks?

The loan-to-deposit ratio is a crucial measure of the bank’s financial health. For Enterprise Bank, this ratio stands at
96.59%
(please calculate and adjust this logic based on real data retrieval), compared to industry averages typically ranging from 80% to 90%.

What is the capital adequacy ratio for Enterprise Bank?

The Tier 1 Risk-Based Capital Ratio, a key indicator of the bank’s financial stability, is 11.6047.

What is the net interest margin of Enterprise Bank, and how has it trended over the past year?

The current net interest margin is 3.3. Historical trends would require a more detailed analysis over the past quarters, which can be provided upon request.

What is the percentage of non-performing loans on Enterprise Bank’s balance sheet?

The percentage of non-performing loans is an important metric indicating asset quality. For Enterprise Bank, this stands at 4.6304.

Are there any recent regulatory changes that could impact Enterprise Bank’s operations?

Regulatory environments are dynamic. Specific recent changes would require further detailed scanning of regulatory updates impacting Enterprise Bank. For tailored insights, please consult our expert or access our detailed reports.

What is the history of Enterprise Bank?

Enterprise Bank was established on 10/23/1998. It has been serving the community for several decades, continuously adapting to the changing financial landscape. For a detailed history, please refer to the bank’s about page.

Is Enterprise Bank FDIC insured?

Yes, Enterprise Bank is FDIC insured, ensuring that deposits are protected up to the applicable limits. This underlines the bank’s commitment to maintaining customer trust and financial security.

What is the routing number for Enterprise Bank in OK?

The routing number for Enterprise Bank in Oklahoma is not available. It’s recommended to verify with the bank directly for transactions.

How big is Enterprise Bank?

Enterprise Bank is a significant player in the financial sector with total assets valued at $445,185k and a network of 1 domestic offices.

Is Enterprise Bank a local bank?

Enterprise Bank is often considered a local bank due to its strong community focus and local market presence, despite having a broader operational reach. This combination allows it to serve local communities effectively while benefiting from larger-scale operations.

This table provides key financial information about Enterprise Bank. Get more data about Enterprise Bank on Visbanking Report Portal.