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Overview / Commentary
818 West Seventh Street, Suite 220
Los Angeles, CA 90017

1st Enterprise Bank is headquartered in Los Angeles and is the 63rd largest bank in the state of California. It is also the 883rd largest bank in the nation. It was established in 2006 and as of December of 2013, it had grown to 84 employees at 3 locations. 1st Enterprise Bank has a A health rating.

Reviews (1)

1St Enterprise Bank - Outstanding Business Bank

Outstanding Business Bank. Superior customer service at every level. Relationship managers are Bankers that know business and communicate regularly and effectively. Well capitalized.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 1st Enterprise Bank had $1.82 million in non-current loans and owned real-estate with $75.8 million in equity and loan loss allowances on hand to cover it. This gives 1st Enterprise Bank a Texas Ratio of 2.40% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for 1st Enterprise Bank experienced no significant changes from 0.66% as of December 31, 2012 to 2.40% as of December 31, 2013, resulting in a negative change of 260.86%. This indicates that the balance sheet and financial strength for 1st Enterprise Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, 1st Enterprise Bank has increased its total deposits by $30.7 million, resulting in 5.02% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1st Enterprise Bank has shown is excellent.

Capitalization

GRADE:
B

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1st Enterprise Bank has $760 million in assets with $75.8 million in equity, resulting in a capitalization level of 9.97%, which is above average.

Institution Statistics

Overall
FDIC Certificate #58321
Year Established2006
Employees84
Primary RegulatorFDIC
Assets and Liabilities
Assets$760.00 million
Loans$498.74 million
Deposits$642.80 million
Equity Capital$69.28 million
Loan Loss Allowance$6.52 million
Unbacked Noncurrent Loans$1.82 million
Real Estate Owned$0
Historic Data - December 2012
Assets$706.14 million
Equity Capital$65.39 million
Loan Loss Allowance$5.51 million
Unbacked Noncurrent Loans$1.82 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.24%
Return on Assets0.69%
Return on Equity7.43%
Interest Income$22.64 million
Rates

Sorry, we do not have rate data for 1st Enterprise Bank

Locations


1st Enterprise Bank Locations
Orange County Regional Office Branch17901 Von Karman Avenue, Suite 450Irvine, CA 92614
Inland Empire Regional Office Branch3281 E. Guasti Road, Suite 875Ontario, CA 91761
1st Enterprise Bank818 West Seventh Street, Suite 220Los Angeles, CA 90017