Enterprise Bank and Trust Company in Lowell, Massachusetts (MA), NH
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Enterprise Bank and Trust Company in Lowell, Massachusetts (MA), NH
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Enterprise Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 27408
    Status: Active
    Federal Reserve ID: 1356768
    Bank Holding Company (Regulatory Top Holder): Enterprise Bancorp, Inc. (RSSDID: 2461016, Location: Lowell, MA)
    Date Established: January 03, 1989
    WWW: http://www.enterprisebanking.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 20 (Domestic: 19, Interstate: Yes)
    OTS Docket #: 11801
    FDIC's unique #: 39877
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 03, 1989
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 222 Merrimack Street, Lowell, MA 1852
    County: Middlesex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Lowell, MA-NH (#4560)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Cambridge-Newton-Framingham, MA (#15764)
  • History of Changes
  • Name Change
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,488.4 mil
    Equity capital: $137.4 mil
    Deposits held in domestic offices: $1,333.6 mil
    Return on assets (ROA): 0.85% ($12.6 mil)
    Quarterly return on assets: 0.86% ($12.8 mil)
    Return on Equity (ROE): 9.35% ($12.8 mil)
    Quarterly return on equity: 9.40% ($12.9 mil)
    Net income: $12.3 mil
    Quarterly Net income: $3.2 mil
    Pretax return on assets: 1.20% ($17,860.5 mil)
    Quarterly Pretax return on assets: 1.20% ($17,860.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 347Total employees (full-time equivalent)
  • $1,488,378Total assets
  • $36,484Cash and due from depository institutions
  • $663Interest-bearing balances
  • $140,937Securities
  • $2,115Federal funds sold & reverse repurchase agreements
  • $1,227,328Net loans & leases
  • $23,160Loan loss allowance
  • $0Trading account assets
  • $27,310Bank premises and fixed assets
  • $1,445Other real estate owned
  • $5,656Goodwill and other intangibles
  • $1,488,378Life insurance assets
  • $47,103All other assets
  • $1,350,958Total liabilities and capital
  • $1,333,559Total liabilities
  • $1,023,228Total deposits
  • $1,333,559Interest-bearing deposits
  • $67Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,494Trading liabilities
  • $0Other borrowed funds
  • $12,905Subordinated debt
  • $137,420All other liabilities
  • $137,420Total equity capital
  • $137,420Total bank equity capital
  • $0Perpetual preferred stock
  • $1,576Common stock
  • $72,839Surplus
  • $63,005Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,061Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $25,873Income earned, not collected on loans
  • $2,630Earning assets
  • $5,822Long-term assets (5+ years)
  • $1,371,043Average Assets, year-to-date
  • $215,549Average Assets, quarterly
  • $1,455,879Volatile liabilities
  • $1,492,200Insider loans
  • $1,268,907FHLB advances
  • $1,489,876Loans and leases held for sale
  • $14,937Unused loan commitments
  • $7,415Tier 1 (core) risk-based capital
  • $128,151Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,522Total unused commitments
  • $357,272Restructured Loans and leases
  • $11,362Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $67,443Total interest income
  • $7,465Total interest expense
  • $59,978Net interest income
  • $5,197Provision for loan and lease losses
  • $10,529Total noninterest income
  • $2,890Fiduciary activities
  • $3,327Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,312Additional noninterest income
  • $48,608Total noninterest expense
  • $28,671Salaries and employee benefits
  • $6,649Premises and equipment expense
  • $13,288Additional noninterest expense
  • $16,702Pre-tax net operating income
  • $788Securities gains (losses)
  • $5,151Applicable income taxes
  • $12,339Income before extraordinary items
  • $0Extraordinary gains - net
  • $12,339Net income attributable to bank
  • $0Net charge-offs
  • $12,339Cash dividends
  • $1,452Sale, conversion, retirement of capital stock, net
  • $3,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 0.55%Cost of funding earning assets
  • 4.45%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 3.60%Noninterest expense to earning assets
  • 0.81%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 1.20%Pretax return on assets
  • 9.35%Return on equity (ROE)
  • 7.08%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 357.92%Credit loss provision to net charge-offs
  • 15.08%Efficiency ratio
  • 68,941Assets per employee
  • 4.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.31%Loss allowance to loans
  • 1.85%Loss allowance to noncurrent loans
  • 89.51%Noncurrent assets plus other real estate owned to assets
  • 1.84%Noncurrent loans to loans
  • 2.07%Net loans and leases to deposits
  • 92.03%Net loans and leases to core deposits
  • 97.65%Equity capital to assets
  • 9.23%Core capital (leverage) ratio
  • 8.60%Tier 1 risk-based capital ratio
  • 10.10%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,455,879Average earning assets
  • $131,981Average equity
  • $1,348,615Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $403,170Managed Assets
  • 1Number of Accounts
  • $395,319Personal trust and agency accounts
  • $30,728Employee benefit-defined contribution accounts
  • $9,779Employee benefit-defined benefit accounts
  • $4,080Other retirement accounts
  • $32,304Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $159,355Other fiduciary accounts
  • $159,073Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1329Number of Accounts
  • $0Personal trust and agency accounts
  • $32,304Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $7,851Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,840Fiduciary accounts held in foreign offices

List of branches

  • 16 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039877Enterprise Bank And Trust Company222 Merrimack Street, Lowell, MA 1852January 03, 1989Full Service Brick and Mortar
    1261950Chelmsford Branch185 Littleton Road, Chelmsford, MA 1824June 07, 1993Full Service Brick and Mortar
    3261952Billerica Branch674 Boston Road, Billerica, MA 1821June 19, 1995Full Service Brick and Mortar
    4261953Leominster Branch4 Central Street, Leominster, MA 1453September 25, 1995Full Service Brick and Mortar
    5261954Tewksbury Branch910 Andover Street, Tewksbury, MA 1876October 28, 1996Full Service Brick and Mortar
    6261955Dracut Branch1168 Lakeview Avenue, Dracut, MA 1826November 03, 1997Full Service Brick and Mortar
    7261956Westford Branch237 Littleton Road, Westford, MA 1886November 22, 1999Full Service Brick and Mortar
    8242950Billerica Branch233 Boston Road, North Billerica, MA 1862October 14, 1959Full Service Brick and Mortar
    9193574Chelmsford-Drum Hill Branch20 Drum Hill Road, Chelmsford, MA 1824September 29, 1971Full Service Brick and Mortar
    10363885Lowell Connector Branch430 Gorham Street, Lowell, MA 1852April 29, 2002Full Service Brick and Mortar
    11418833Fitchburg Branch420 John Fitch Highway, Fitchburg, MA 1420April 28, 2003Full Service Brick and Mortar
    12426803Andover Branch8 & 8 Rear High Street, Andover, MA 1810March 15, 2004Full Service Brick and Mortar
    14441986Main Street Tewksbury Branch1120 Main Street, Tewksbury, MA 1876July 13, 2005Full Service Brick and Mortar
    15476103Methuen Branch255 Broadway, Methuen, MA 1844May 30, 2008Full Service Brick and Mortar
    16480436Online Banking Branch222 Merrimack Street, Lowell, MA 1852June 30, 2008Full Service Cyber
    17484936Acton Branch340 Great Road, Acton, MA 1720January 12, 2009Full Service Brick and Mortar
  • 4 New Hampshire Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    13433416Salem Nh Branch130 Main Street, Salem, NH 3079December 06, 2004Full Service Brick and Mortar
    19510012Derry Nh Branch47 Crystal Avenue, Derry, NH 3038June 01, 2010Full Service Brick and Mortar
    20517243Hudson Nh Branch45 Lowell Road, Hudson, NH 3051January 31, 2011Full Service Brick and Mortar
    21528463Pelham Branch139 Bridge Street, Pelham, NH 3076Febuary 09, 2012Full Service Brick and Mortar

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