EnerBank USA

Headquarters

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

Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
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 $3.14 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57293
Date Established 2002
Assets $ 3.14 billion
Loans $ 2.89 billion
Deposits $ 2.81 billion
Capital $ 285.62 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 - June 17, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - June 17, 2021

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2021

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Featured - Connecticut Home Equity Line Of Credit Rates 2021

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After Intro: 3.750 %
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Intro APR 1.990 %
After Intro: 4.840 %
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Note to EnerBank USA
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

EnerBank USA 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:
Fairfield,Connecticut


EnerBank USA Locations


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
2.13% 5.49%

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 December 31, 2020, EnerBank USA had $8,723,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $285,620,000 in equity and $123,018,000 in loans loss reserves. That gives it a Texas Ratio of 2.13%.

Return on Equity
EnerBank USA U.S. Bank Average
21.96% 9.24%

EnerBank USA has a Return on Equity of 21.96% versus the BestCashCow average of 9.24%. 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
EnerBank USA U.S. Bank Average
9.09% 11.96%

EnerBank USA has a Capitalization of 9.09% versus the BestCashCow average of 11.96. 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 December 31, 2020, EnerBank USA had assets of $3,143,139,000, loans of $2,886,811,000, and deposits of $2,806,471,000. 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

December 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 140.38 million
Interest-bearing balances $ 101.72 million
Total securities $ 28.36 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.89 billion
Loan loss allowance $ 123.02 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.78 million
All other assets $ 81.61 million
     Total Assets $ 2.86 billion
LIABILITIES
Total deposits $ 2.81 billion
      Interest-bearing deposits $ 2.81 billion
      Deposits held in domestic offices $ 2.81 billion
      % insured (estimated) 99.92%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 51.05 million
      Total Liabilities $ 2.86 billion
      Shareholders’ Equity $ 285.62 million

Summary Income Statement

December 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 260.71 million
Total Interest Expense $ 52.74 million
Net interest income $ 207.97 million
Provision for loan and lease losses $ 59.66 million
Total non interest income $ 6.99 million
Total non interest expense $ 80.13 million
Pre-tax Net Operating Income $ 75.17 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Multifamily
Mortgages
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

Frequently Asked Questions About Enerbank Usa

Branches and Savings

Is Enerbank Usa FDIC insured?

Yes. It is covered under FDIC Certificate #57293.

Why does Enerbank Usa pay such low interest on savings accounts?

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

Why are Enerbank Usa CD rates not competitive?

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

Is Enerbank Usa a commercial bank?

Yes

Where are Enerbank Usa locations?

See branch locations nearby.

Is Enerbank Usa open on Saturdays?

Is Enerbank Usa open on Sundays?

What time does Enerbank Usa open?

What time does Enerbank Usa close?

Are Enerbank Usa ATMs Open 24/7?

Do Enerbank Usa ATMs accept cash deposits?

Can Enerbank Usa customers use other ATMs?

Do Enerbank Usa branches have notaries?

Will Enerbank Usa notarize my document?

What address for Enerbank Usa should I put for incoming ACH transfers?

Will the Enerbank Usa branch print checks?

Do Enerbank Usa checks expire?

Does Enerbank Usa require US citizenship to open account?

Can Enerbank Usa close my account?

Does Enerbank Usa Report to credit bureaus?

Does Enerbank Usa Use Equifax?

What is Enerbank Usa's ACH Routing Number?

What is Enerbank Usa's SWIFT code?

Products

Does Enerbank Usa offer mortgages?

Compare mortgage rates here.

Does Enerbank Usa offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Enerbank Usa offer personal loans?

Compare personal loan rates here.

Does Enerbank Usa offer student loans?

Will Enerbank Usa cash a check?

Will Enerbank Usa redeem a savings bond?

Does Enerbank Usa cash savings bonds?

Will Enerbank Usa cash money orders?

Can Enerbank Usa issue a money order?

Does Enerbank Usa do currency exchange?

Background on The Bank

Who owns Enerbank Usa?

How long has Enerbank Usa been around?

Can Enerbank Usa transfer to other banks?

Does Enerbank Usa have quick pay?

Does Enerbank Usa accept rolled coins?

Will Enerbank Usa accept loose change?

Where is Enerbank Usa headquarters?

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