Enterprise Bank of South Carolina

Headquarters

13497 Broxton Bridge Road
Ehrhardt, SC 29081
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.08% 1.05% →
1-Year CD 0.30% 1.05% →
2-Year CD 0.35% 1.11% →
5-Year CD 0.50% 1.56% →
30-Year Mortgage N.A. 2.88% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Enterprise Bank of South Carolina is an FDIC insured institution located in Ehrhardt, SC. It was founded in 1920 and has approximately $0.35 billion in assets. Customers can open an account at one of its 12 branches.

FDIC Insured Yes
FDIC Certificate # 11539
Date Established 1920
Assets $ 351.91 million
Loans $ 199.52 million
Deposits $ 320.13 million
Capital $ 30.93 million
 

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

Deposit Rates - August 15, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.08% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.30% $100,000 $199,999 Learn More
24 Mo CD
0.35% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
30 Mo CD
0.35% $10,000 $14,999 Learn More
30 Mo CD
0.35% $100,000 $199,999 Learn More
36 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
0.40% $100,000 $199,999 Learn More
48 Mo CD
0.40% $10,000 $14,999 Learn More
48 Mo CD
0.40% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 15, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Enterprise Bank of South Carolina

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
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 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
2.990 %
$0 Learn More
More Info

Note to Enterprise Bank of South Carolina
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Enterprise Bank of South Carolina 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 South Carolina Locations


Financial Details

Enterprise Bank of South Carolina Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Enterprise Bank of South Carolina. 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 South Carolina U.S. Bank Average
36.16% 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 South Carolina had $7,985,000 in non-current loans and $4,186,000 in owned real estate. To cover these potential losses it had $30,931,000 in equity and $2,731,000 in loans loss reserves. That gives it a Texas Ratio of 36.16%.

Return on Equity
Enterprise Bank of South Carolina U.S. Bank Average
7.46% 7.80%

Enterprise Bank of South Carolina has a Return on Equity of 7.46% 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 South Carolina U.S. Bank Average
8.79% 12.68%

Enterprise Bank of South Carolina has a Capitalization of 8.79% 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 South Carolina Balance Sheet Analysis

As of March 31, 2020, Enterprise Bank of South Carolina had assets of $351,908,000, loans of $199,523,000, and deposits of $320,133,000. 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 $ 56.53 million
Interest-bearing balances $ 50.33 million
Total securities $ 84.66 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 199.52 million
Loan loss allowance $ 2.73 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 4.19 million
Goodwill and other intangibles N.A.
All other assets $ 2.41 million
     Total Assets $ 320.98 million
LIABILITIES
Total deposits $ 320.13 million
      Interest-bearing deposits $ 251.60 million
      Deposits held in domestic offices $ 320.13 million
      % insured (estimated) 79.02%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.84 million
      Total Liabilities $ 320.98 million
      Shareholders’ Equity $ 30.93 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.28 million
Total Interest Expense $ 0.31 million
Net interest income $ 2.97 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.47 million
Total non interest expense $ 2.95 million
Pre-tax Net Operating Income $ 0.49 million

Bank Loan Profile?

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

Compared to other banks in South Carolina, Enterprise Bank of South Carolina has a significantly higher percent of Farm 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 32.89
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 1.05
Small Business Loans 0.00
Construction and Development Loans 1.87
Commercial Real Estate 30.46
Commercial and Industrial Loans 11.10
Farm Loans 3.86

Frequently Asked Questions About Enterprise Bank Of South Carolina

Branches and Savings

Is Enterprise Bank Of South Carolina FDIC insured?

Yes. It is covered under FDIC Certificate #11539.

Why does Enterprise Bank Of South Carolina 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 South Carolina CD rates not competitive?

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

Is Enterprise Bank Of South Carolina a commercial bank?

Yes

Where are Enterprise Bank Of South Carolina locations?

See branch locations nearby.

Is Enterprise Bank Of South Carolina open on Saturdays?

Is Enterprise Bank Of South Carolina open on Sundays?

What time does Enterprise Bank Of South Carolina open?

What time does Enterprise Bank Of South Carolina close?

Are Enterprise Bank Of South Carolina ATMs Open 24/7?

Do Enterprise Bank Of South Carolina ATMs accept cash deposits?

Can Enterprise Bank Of South Carolina customers use other ATMs?

Do Enterprise Bank Of South Carolina branches have notaries?

Will Enterprise Bank Of South Carolina notarize my document?

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

Will the Enterprise Bank Of South Carolina branch print checks?

Do Enterprise Bank Of South Carolina checks expire?

Does Enterprise Bank Of South Carolina require US citizenship to open account?

Can Enterprise Bank Of South Carolina close my account?

Does Enterprise Bank Of South Carolina Report to credit bureaus?

Does Enterprise Bank Of South Carolina Use Equifax?

What is Enterprise Bank Of South Carolina's ACH Routing Number?

What is Enterprise Bank Of South Carolina's SWIFT code?

Products

Does Enterprise Bank Of South Carolina offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Enterprise Bank Of South Carolina offer personal loans?

Compare personal loan rates here.

Does Enterprise Bank Of South Carolina offer student loans?

Will Enterprise Bank Of South Carolina cash a check?

Will Enterprise Bank Of South Carolina redeem a savings bond?

Does Enterprise Bank Of South Carolina cash savings bonds?

Will Enterprise Bank Of South Carolina cash money orders?

Can Enterprise Bank Of South Carolina issue a money order?

Does Enterprise Bank Of South Carolina do currency exchange?

Background on The Bank

Who owns Enterprise Bank Of South Carolina?

How long has Enterprise Bank Of South Carolina been around?

Can Enterprise Bank Of South Carolina transfer to other banks?

Does Enterprise Bank Of South Carolina have quick pay?

Does Enterprise Bank Of South Carolina accept rolled coins?

Will Enterprise Bank Of South Carolina accept loose change?

Where is Enterprise Bank Of South Carolina headquarters?

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