EnerBank USA

Our records indicate that this bank has been acquired by Regions Bank.


1245 E. Brickyard Road, Suite 600
Salt Lake City, UT 84106
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

EnerBank USA is an FDIC insured institution located in Salt Lake City, UT. It was founded in 2002 and has approximately $3.07 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57293
Date Established 2002
Assets $ 3.07 billion
Loans $ 2.82 billion
Deposits $ 2.67 billion
Capital $ 341.04 million

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

Deposit Rates - November 29, 2021

Your Current Location: Virginia, VA 20146


Loan Rates - November 29, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for EnerBank USA

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 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 1907
3.116% 2.990%
0.63 points
$4,062 fees
$1,053 Learn More
Morty, Inc.
NMLS ID: 1429243
2.762% 2.690%
1.00 points
$2,350 fees
$1,013 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Flagstar Bank-Heloc
Flagstar Bank-Heloc
See Table
4.990 %
$0 Learn More
More Info

Note to EnerBank USA
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EnerBank USA Locations

Climate Initiatives

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Financial Details

EnerBank USA Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of EnerBank USA. 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
EnerBank USA U.S. Bank Average
1.12% 4.78%

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 June 30, 2021, EnerBank USA had $5,142,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $341,037,000 in equity and $119,606,000 in loans loss reserves. That gives it a Texas Ratio of 1.12%.

Return on Equity
EnerBank USA U.S. Bank Average
35.19% 11.29%

EnerBank USA has a Return on Equity of 35.19% versus the BestCashCow average of 11.29%. 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.

EnerBank USA U.S. Bank Average
11.09% 11.72%

EnerBank USA has a Capitalization of 11.09% versus the BestCashCow average of 11.72. 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.

EnerBank USA Balance Sheet Analysis

As of June 30, 2021, EnerBank USA had assets of $3,074,824,000, loans of $2,821,184,000, and deposits of $2,668,849,000. 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

June 30, 2021
Cash & Balances due from depository institutions $ 134.22 million
Interest-bearing balances $ 81.00 million
Total securities $ 32.12 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.82 billion
Loan loss allowance $ 119.61 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 4.39 million
All other assets $ 79.27 million
     Total Assets $ 2.73 billion
Total deposits $ 2.67 billion
      Interest-bearing deposits $ 2.67 billion
      Deposits held in domestic offices $ 2.67 billion
      % insured (estimated) 99.93%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 64.94 million
      Total Liabilities $ 2.73 billion
      Shareholders’ Equity $ 341.04 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 136.08 million
Total Interest Expense $ 21.12 million
Net interest income $ 114.96 million
Provision for loan and lease losses $ 11.93 million
Total non interest income $ 14.12 million
Total non interest expense $ 44.70 million
Pre-tax Net Operating Income $ 72.46 million

Bank Loan Profile?

The top three loan types in EnerBank USA’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, EnerBank USA’s loan portfolio does not show any specific loan specialty.

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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

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