PackageTrendsPeer
Letter portraitLegal landscape

Enterprise Bank

Kenilworth, NJ · Cert 57055

FDIC · 4 branches

Q3 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q3 2018, the quarter ended September 30, 2018, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Enterprise Bank

Kenilworth, NJ · Cert 57055

FDIC · 4 branches

Q3 2018

$276.9MAssets
$265.4MLoans
$192.2MDeposits
$32.6MEquity
Loan mix
94%RE $179.8M5%C&I $10.4M0%Consumer $0.1MQ3 2017Q3 2018
Deposit mix
84%Interest-bearing $160.6M16%Noninterest $31.6MQ3 2017Q3 2018

NIM

4.66%Q3 ’164.58%Q3 ’174.63%Q3 ’18-2%-5%

Non-interest income vs. expense

2.31%Q3 ’162.20%Q3 ’171.96%Q3 ’18-5%-10%

Market Position · New York-Newark-Jersey City, NY-NJ-PA · 2018 SOD (annual) · 0.0% share · #150 of 201 inst. · $0.2B of $1824.0B

0.3% Union
0.2% Essex
0.1% Middlesex

Executive Summary

  • Earnings: ROA of 1.17%, up 19 bps year over year; NIM at 3.61%.
  • Asset quality: problem loans at 0.50% of loans (+23 bps YoY), with net charge-offs at 0.00%.
  • Capital: tier 1 leverage ratio of 11.94%, down 130 bps from a year ago.
  • Funding: loans stand at 138.09% of deposits as of Q3 2018.

Financial Results

Return on Assets (YTD, annualized)

1.17%+19 bps YoY

Net Interest Margin (YTD, annualized)

3.61%-17 bps YoY

Efficiency Ratio (YTD, annualized)

52.96%-338 bps YoY

Tier 1 Leverage Ratio

11.94%-130 bps YoY

Year to date, annualized, through each quarter.

MetricQ3 2017Q4 2017Q1 2018Q2 2018Q3 2018YoY ΔTrend
Earnings
Return on Assets0.98%0.72%1.24%1.15%1.17%+19 bps
Return on Equity7.48%5.52%9.85%9.28%9.57%+210 bps
Net Interest Margin3.79%3.75%3.82%3.79%3.61%-17 bps
Efficiency Ratio56.34%57.11%50.36%53.89%52.96%-338 bps
Non-Interest Burden2.08%2.09%1.88%2.00%1.88%-21 bps
Growth
Asset Growth (YoY)7.65%10.96%12.63%15.75%24.05%+1,641 bps
Loan Growth (YoY)7.03%15.45%16.55%21.87%29.56%+2,253 bps
Deposit Growth (YoY)11.57%11.24%8.93%5.33%8.86%-271 bps
Asset Quality
Nonperforming Loans / Loans0.27%0.30%0.59%0.54%0.50%+23 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.19%1.18%1.18%1.15%1.15%-4 bps
Allowance Coverage of NPLs4.3x3.9x2.0x2.1x2.3x-2.1x
Capital
Tier 1 Leverage Ratio13.24%12.92%12.71%12.48%11.94%-130 bps
Total Risk-Based Capital16.64%15.92%15.34%15.31%14.86%-177 bps
Equity / Assets13.26%12.71%12.45%12.02%11.77%-149 bps
Liquidity & Funding
Loans / Deposits116.02%119.23%122.70%131.80%138.09%+2,206 bps
Liquid Assets / Assets3.64%2.49%2.30%0.82%1.22%-242 bps
CRE / Total Capitaln/an/an/an/an/an/an/a