Enterprise Bank of Florida

Headquarters

11811 U.S. Highway One
North Palm Beach, FL 33408
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

Enterprise Bank of Florida is an FDIC insured institution located in North Palm Beach, FL. It was founded in 1990 and has approximately $0.25 billion in assets.

FDIC Insured Yes
FDIC Certificate # 32917
Date Established 1990
Assets $ 248.64 million
Loans $ 176.87 million
Deposits $ 177.34 million
Capital $ 35.53 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - September 21, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Enterprise Bank of Florida

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
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.815% 2.750% 0.88 $2,118 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 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 Enterprise Bank of Florida
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Branches

Enterprise Bank of Florida 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


Enterprise Bank of Florida Locations


Financial Details

Enterprise Bank of Florida Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Enterprise Bank of Florida. 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
Enterprise Bank of Florida U.S. Bank Average
21.7% 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, Enterprise Bank of Florida had $7,010,000 in non-current loans and $1,464,000 in owned real estate. To cover these potential losses it had $35,531,000 in equity and $3,517,000 in loans loss reserves. That gives it a Texas Ratio of 21.7%.

Return on Equity
Enterprise Bank of Florida U.S. Bank Average
-7.22% 7.80%

Enterprise Bank of Florida has a Return on Equity of -7.22% 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
Enterprise Bank of Florida U.S. Bank Average
14.29% 12.68%

Enterprise Bank of Florida has a Capitalization of 14.29% 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.

Enterprise Bank of Florida Balance Sheet Analysis

As of June 30, 2013, Enterprise Bank of Florida had assets of $248,641,000, loans of $176,868,000, and deposits of $177,336,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 176.87 million
Loan loss allowance $ 3.52 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.46 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 177.34 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 248.64 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Enterprise Bank of Florida’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Florida, Enterprise Bank of Florida has a significantly higher percent of Commercial Real Estate 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 16.39
Multifamily
Mortgages
1.37
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 8.28
Construction and Development Loans 4.82
Commercial Real Estate 71.26
Commercial and Industrial Loans 6.05
Farm Loans 0.00

Frequently Asked Questions About Enterprise Bank Of Florida

Branches and Savings

Is Enterprise Bank Of Florida FDIC insured?

Yes. It is covered under FDIC Certificate #32917.

Why does Enterprise Bank Of Florida pay such low interest on savings accounts?

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

Why are Enterprise Bank Of Florida CD rates not competitive?

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

Is Enterprise Bank Of Florida a commercial bank?

Yes

Where are Enterprise Bank Of Florida locations?

See branch locations nearby.

Is Enterprise Bank Of Florida open on Saturdays?

Is Enterprise Bank Of Florida open on Sundays?

What time does Enterprise Bank Of Florida open?

What time does Enterprise Bank Of Florida close?

Are Enterprise Bank Of Florida ATMs Open 24/7?

Do Enterprise Bank Of Florida ATMs accept cash deposits?

Can Enterprise Bank Of Florida customers use other ATMs?

Do Enterprise Bank Of Florida branches have notaries?

Will Enterprise Bank Of Florida notarize my document?

What address for Enterprise Bank Of Florida should I put for incoming ACH transfers?

Will the Enterprise Bank Of Florida branch print checks?

Do Enterprise Bank Of Florida checks expire?

Does Enterprise Bank Of Florida require US citizenship to open account?

Can Enterprise Bank Of Florida close my account?

Does Enterprise Bank Of Florida Report to credit bureaus?

Does Enterprise Bank Of Florida Use Equifax?

What is Enterprise Bank Of Florida's ACH Routing Number?

What is Enterprise Bank Of Florida's SWIFT code?

Products

Does Enterprise Bank Of Florida offer mortgages?

Compare mortgage rates here.

Does Enterprise Bank Of Florida offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Enterprise Bank Of Florida offer personal loans?

Compare personal loan rates here.

Does Enterprise Bank Of Florida offer student loans?

Will Enterprise Bank Of Florida cash a check?

Will Enterprise Bank Of Florida redeem a savings bond?

Does Enterprise Bank Of Florida cash savings bonds?

Will Enterprise Bank Of Florida cash money orders?

Can Enterprise Bank Of Florida issue a money order?

Does Enterprise Bank Of Florida do currency exchange?

Background on The Bank

Who owns Enterprise Bank Of Florida?

How long has Enterprise Bank Of Florida been around?

Can Enterprise Bank Of Florida transfer to other banks?

Does Enterprise Bank Of Florida have quick pay?

Does Enterprise Bank Of Florida accept rolled coins?

Will Enterprise Bank Of Florida accept loose change?

Where is Enterprise Bank Of Florida headquarters?

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