Encore Bank

Headquarters

3003 Tamaimi Trail
Naples, FL 34103
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Encore Bank is an FDIC insured institution located in Naples, FL. It was founded in 2007 and has approximately $0.39 billion in assets. Customers can open an account at one of its 7 branches.

FDIC Insured Yes
FDIC Certificate # 58376
Date Established 2007
Assets $ 385.61 million
Loans $ 296.86 million
Deposits $ 343.57 million
Capital $ 40.83 million
 

For a more detailed analysis of Encore Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - September 19, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 19, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Encore Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,118 $1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Encore Bank
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Branches

Encore Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Encore Bank Locations


Financial Details

Encore Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Encore Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Encore Bank U.S. Bank Average
2.66% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, Encore Bank had $1,181,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $40,829,000 in equity and $3,499,000 in loans loss reserves. That gives it a Texas Ratio of 2.66%.

Return on Equity
Encore Bank U.S. Bank Average
7.88% 7.80%

Encore Bank has a Return on Equity of 7.88% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Encore Bank U.S. Bank Average
10.59% 12.68%

Encore Bank has a Capitalization of 10.59% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Encore Bank Balance Sheet Analysis

As of March 31, 2018, Encore Bank had assets of $391,634,000, loans of $296,862,000, and deposits of $343,570,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 30.26 million
Interest-bearing balances $ 28.42 million
Total securities $ 40.95 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 296.86 million
Loan loss allowance $ 3.50 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 4.73 million
All other assets $ 10.10 million
     Total Assets $ 350.81 million
LIABILITIES
Total deposits $ 343.57 million
      Interest-bearing deposits $ 258.98 million
      Deposits held in domestic offices $ 343.57 million
      % insured (estimated) 69.90%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.00 million
Subordinated debt N.A.
All other liabilities $ 2.24 million
      Total Liabilities $ 350.81 million
      Shareholders’ Equity $ 34.80 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.93 million
Total Interest Expense $ 0.46 million
Net interest income $ 3.48 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.22 million
Total non interest expense $ 2.31 million
Pre-tax Net Operating Income $ 1.39 million

Bank Loan Profile?

The top three loan types in Encore Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Florida, Encore Bank has a significantly higher percent of Small Business Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 37.47
Multifamily
Mortgages
0.67
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 12.14
Construction and Development Loans 12.26
Commercial Real Estate 44.48
Commercial and Industrial Loans 3.21
Farm Loans 0.00

Frequently Asked Questions About Encore Bank

Branches and Savings

Is Encore Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58376.

Why does Encore Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Encore Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Encore Bank a commercial bank?

Yes

Where are Encore Bank locations?

See branch locations nearby.

Is Encore Bank open on Saturdays?

Is Encore Bank open on Sundays?

What time does Encore Bank open?

What time does Encore Bank close?

Are Encore Bank ATMs Open 24/7?

Do Encore Bank ATMs accept cash deposits?

Can Encore Bank customers use other ATMs?

Do Encore Bank branches have notaries?

Will Encore Bank notarize my document?

What address for Encore Bank should I put for incoming ACH transfers?

Will the Encore Bank branch print checks?

Do Encore Bank checks expire?

Does Encore Bank require US citizenship to open account?

Can Encore Bank close my account?

Does Encore Bank Report to credit bureaus?

Does Encore Bank Use Equifax?

What is Encore Bank's ACH Routing Number?

What is Encore Bank's SWIFT code?

Products

Does Encore Bank offer mortgages?

Compare mortgage rates here.

Does Encore Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Encore Bank offer personal loans?

Compare personal loan rates here.

Does Encore Bank offer student loans?

Will Encore Bank cash a check?

Will Encore Bank redeem a savings bond?

Does Encore Bank cash savings bonds?

Will Encore Bank cash money orders?

Can Encore Bank issue a money order?

Does Encore Bank do currency exchange?

Background on The Bank

Who owns Encore Bank?

How long has Encore Bank been around?

Can Encore Bank transfer to other banks?

Does Encore Bank have quick pay?

Does Encore Bank accept rolled coins?

Will Encore Bank accept loose change?

Where is Encore Bank headquarters?

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