Enterprise Bank of Florida in North Palm Beach, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Enterprise Bank of Florida - Overview

  • General
  • FDIC Certificate #: 32917
    Status: Active
    Federal Reserve ID: 1444580
    Bank Holding Company (Regulatory Top Holder): Enterprise Bancorp, Inc. (RSSDID: 3606261, Location: North Palm Beach, FL)
    Date Established: April 10, 1990
    WWW: http://www.enterprisebankfl.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 14011
    FDIC's unique #: 45831
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 10, 1990
    Last Structure Change Effective Date: June 27, 2008
    Last Structure Change Process Date: July 21, 2008
    Last Data Update: July 21, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 11811 U.S. Highway One, North Palm Beach, FL 33408
    County: Palm Beach
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): West Palm Beach-Boca Raton, FL (#8960)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: West Palm Beach-Boca Raton-Boynton Beach, FL (#48424)
  • History of Changes
  • Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $247.1 mil
    Equity capital: $31.0 mil
    Deposits held in domestic offices: $201.8 mil
    Return on assets (ROA): 0.21% ($0.5 mil)
    Quarterly return on assets: 2.12% ($5.2 mil)
    Return on Equity (ROE): 1.86% ($0.6 mil)
    Quarterly return on equity: 17.09% ($5.3 mil)
    Net income: $0.5 mil
    Quarterly Net income: $1.3 mil
    Pretax return on assets: 0.21% ($518.9 mil)
    Quarterly Pretax return on assets: 2.12% ($5,238.7 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
  • 43Total employees (full-time equivalent)
  • $247,109Total assets
  • $8,746Cash and due from depository institutions
  • $6,770Interest-bearing balances
  • $57,031Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $161,125Net loans & leases
  • $3,479Loan loss allowance
  • $9,195Trading account assets
  • $679Bank premises and fixed assets
  • $4,768Other real estate owned
  • $0Goodwill and other intangibles
  • $247,109Life insurance assets
  • $5,565All other assets
  • $216,146Total liabilities and capital
  • $201,806Total liabilities
  • $179,348Total deposits
  • $201,806Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,156Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $1,184Subordinated debt
  • $30,963All other liabilities
  • $30,963Total equity capital
  • $30,963Total bank equity capital
  • $0Perpetual preferred stock
  • $34,026Common stock
  • $11,960Surplus
  • $-15,023Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,967Income earned, not collected on loans
  • $0Earning assets
  • $777Long-term assets (5+ years)
  • $234,090Average Assets, year-to-date
  • $92,222Average Assets, quarterly
  • $248,059Volatile liabilities
  • $243,684Insider loans
  • $245,646FHLB advances
  • $243,688Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $36,002Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,093Restructured Loans and leases
  • $8,424Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,518Total interest income
  • $3,610Total interest expense
  • $7,908Net interest income
  • $5,310Provision for loan and lease losses
  • $10,073Total noninterest income
  • $0Fiduciary activities
  • $250Service charges on deposit accounts
  • $8,834Trading account gains & fees
  • $989Additional noninterest income
  • $11,802Total noninterest expense
  • $3,623Salaries and employee benefits
  • $901Premises and equipment expense
  • $7,278Additional noninterest expense
  • $869Pre-tax net operating income
  • -$341Securities gains (losses)
  • $0Applicable income taxes
  • $528Income before extraordinary items
  • $0Extraordinary gains - net
  • $528Net income attributable to bank
  • $0Net charge-offs
  • $528Cash dividends
  • $6,180Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 1.54%Cost of funding earning assets
  • 3.38%Net interest margin
  • 4.30%Noninterest income to earning assets
  • 5.04%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.21%Pretax return on assets
  • 1.86%Return on equity (ROE)
  • 1.86%Retained earnings to average equity (YTD only)
  • 3.62%Net charge-offs to loans
  • 85.92%Credit loss provision to net charge-offs
  • 1.00%Efficiency ratio
  • 65,636Assets per employee
  • 5.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 38.80%Noncurrent assets plus other real estate owned to assets
  • 7.85%Noncurrent loans to loans
  • 5.45%Net loans and leases to deposits
  • 79.84%Net loans and leases to core deposits
  • 104.77%Equity capital to assets
  • 12.53%Core capital (leverage) ratio
  • 14.77%Tier 1 risk-based capital ratio
  • 14.66%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $248,059Average earning assets
  • $28,329Average equity
  • $233,995Average loans

List of branches

  • 4 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045831Enterprise Bank Of Florida11811 U.S. Highway One, North Palm Beach, FL 33408April 10, 1990Full Service Brick and Mortar
    1289076Messenger Service Branch11811 U.S. Highway One, North Palm Beach, FL 33408March 13, 1995Limited Service Messenger
    2255977Jupiter Branch185 E. Indiantown Road, Unit 101, 102 And 103, Jupiter, FL 33477December 06, 1999Full Service Brick and Mortar
    3492910Palm Beach Gardens Branch8895 N Military Trail Ste 101, Bldg D, Palm Beach Gardens, FL 33410January 13, 2009Full Service Brick and Mortar

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