First Enterprise Bank

Headquarters

1000 West Britton Avenue
Oklahoma City, OK 73114
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
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

First Enterprise Bank is an FDIC insured institution located in Oklahoma City, OK. It was founded in 1907 and has approximately $0.17 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 4049
Date Established 1907
Assets $ 168.64 million
Loans $ 132.38 million
Deposits $ 144.63 million
Capital $ 20.75 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Enterprise Bank

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




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Note to First Enterprise Bank
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Branches

First Enterprise 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:
Fairfield,Connecticut


First Enterprise Bank Locations


Financial Details

First Enterprise Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Enterprise 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
First Enterprise Bank U.S. Bank Average
20.41% 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, First Enterprise Bank had $979,000 in non-current loans and $3,631,000 in owned real estate. To cover these potential losses it had $20,752,000 in equity and $1,836,000 in loans loss reserves. That gives it a Texas Ratio of 20.41%.

Return on Equity
First Enterprise Bank U.S. Bank Average
14.65% 7.80%

First Enterprise Bank has a Return on Equity of 14.65% 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
First Enterprise Bank U.S. Bank Average
12.31% 12.68%

First Enterprise Bank has a Capitalization of 12.31% 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.

First Enterprise Bank Balance Sheet Analysis

As of March 31, 2020, First Enterprise Bank had assets of $168,639,000, loans of $132,384,000, and deposits of $144,634,000. 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 $ 27.47 million
Interest-bearing balances $ 23.22 million
Total securities N.A.
Federal funds sold and reverse repurchase $ 0.56 million
Net loans and leases $ 132.38 million
Loan loss allowance $ 1.84 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 3.63 million
Goodwill and other intangibles N.A.
All other assets $ 1.77 million
     Total Assets $ 147.89 million
LIABILITIES
Total deposits $ 144.63 million
      Interest-bearing deposits $ 103.70 million
      Deposits held in domestic offices $ 144.63 million
      % insured (estimated) 86.70%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 3.00 million
Subordinated debt N.A.
All other liabilities $ 0.25 million
      Total Liabilities $ 147.89 million
      Shareholders’ Equity $ 20.75 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 2.37 million
Total Interest Expense $ 0.34 million
Net interest income $ 2.03 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.29 million
Total non interest expense $ 1.56 million
Pre-tax Net Operating Income $ 0.76 million

Bank Loan Profile?

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

Compared to other banks in Oklahoma, First Enterprise Bank has a significantly higher percent of Multifamily Mortgages, 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 22.68
Multifamily
Mortgages
6.68
Credit Card Loans 0.00
Consumer Auto Loans 0.34
Small Business Loans 0.00
Construction and Development Loans 21.01
Commercial Real Estate 33.97
Commercial and Industrial Loans 14.82
Farm Loans 0.01

Frequently Asked Questions About First Enterprise Bank

Branches and Savings

Is First Enterprise Bank FDIC insured?

Yes. It is covered under FDIC Certificate #4049.

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

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

Why are First Enterprise Bank CD rates not competitive?

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

Is First Enterprise Bank a commercial bank?

Yes

Where are First Enterprise Bank locations?

See branch locations nearby.

Is First Enterprise Bank open on Saturdays?

Is First Enterprise Bank open on Sundays?

What time does First Enterprise Bank open?

What time does First Enterprise Bank close?

Are First Enterprise Bank ATMs Open 24/7?

Do First Enterprise Bank ATMs accept cash deposits?

Can First Enterprise Bank customers use other ATMs?

Do First Enterprise Bank branches have notaries?

Will First Enterprise Bank notarize my document?

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

Will the First Enterprise Bank branch print checks?

Do First Enterprise Bank checks expire?

Does First Enterprise Bank require US citizenship to open account?

Can First Enterprise Bank close my account?

Does First Enterprise Bank Report to credit bureaus?

Does First Enterprise Bank Use Equifax?

What is First Enterprise Bank's ACH Routing Number?

What is First Enterprise Bank's SWIFT code?

Products

Does First Enterprise Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does First Enterprise Bank offer personal loans?

Compare personal loan rates here.

Does First Enterprise Bank offer student loans?

Will First Enterprise Bank cash a check?

Will First Enterprise Bank redeem a savings bond?

Does First Enterprise Bank cash savings bonds?

Will First Enterprise Bank cash money orders?

Can First Enterprise Bank issue a money order?

Does First Enterprise Bank do currency exchange?

Background on The Bank

Who owns First Enterprise Bank?

How long has First Enterprise Bank been around?

Can First Enterprise Bank transfer to other banks?

Does First Enterprise Bank have quick pay?

Does First Enterprise Bank accept rolled coins?

Will First Enterprise Bank accept loose change?

Where is First Enterprise Bank headquarters?

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