Enterprise Bank and Trust Company

Enterprise Bank and Trust Company Locations
222 Merrimack Street
Lowell, MA 1852
978-459-9000
www.enterprisebanking.com

Enterprise Bank and Trust Company is headquartered in Lowell and is the 15st largest bank in the state of Massachusetts. It is also the 430th largest bank in the nation. It was established in 1989 and as of March of 2012, it had grown to 356 employees at 20 locations. Enterprise Bank and Trust Company has a 4-star health rating.



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See Rates for: Money Market | CD | IRA

Enterprise Bank and Trust Company Money Market Rates

ApyMinMaxProduct
0.60%$100k-Premier Personal Money Market Account
0.60%$100k-Premier Business Money Market Account

Enterprise Bank and Trust Company CD Rates

ApyMinMaxProduct
1.00%$500-Business 30 Month CD
1.00%$500-30 Month CD
0.85%$500-24 Month CD
0.85%$500-Business 24 Month CD
0.65%$500-13 Month CD
0.65%$500-18 Month CD
0.65%$500-Business 13 Month CD
0.65%$500-Business 18 Month CD
0.60%$500-12 Month CD
0.60%$500-Business 12 Month CD
0.35%$2,500-6 Month CD
0.35%$2,500-Business 6 Month CD
0.20%$2,500-3 Month CD
0.20%$2,500-Business 3 Month CD

Enterprise Bank and Trust Company IRA Rates

ApyMinMaxProduct
1.00%$500-30 Month IRA
0.85%$500-24 Month IRA
0.65%$500-13 Month IRA
0.65%$500-18 Month IRA
0.60%$500-12 Month IRA
0.35%$2,500-6 Month IRA
0.20%$2,500-3 Month IRA

Rates updated: 5/24/2012

Data for Q1 2012


Institution Statistics


Enterprise Bank and Trust Company
FDIC Certificate #27408
BankRate ReportView
Year Established1989
Employees356
Primary RegulatorFDIC

Assets and Liabilities

Assets$1.56 billion
Loans$1.23 billion
Deposits$1.41 billion
Equity Capital$140.45 million
Loan Loss Allowance$22.61 million
Unbacked Noncurrent Loans$23.46 million

Historic Data - March 2011

Assets$1.43 billion
Equity Capital$128.95 million
Loan Loss Allowance$20.27 million
Unbacked Noncurrent Loans$21.99 million
Real Estate Owned$825,000

Profit Margin - Quarterly

Net Interest Margin4.34%
Return on Assets0.92%
Return on Equity10.14%
Interest Income$16.87 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 March 31, 2012 Enterprise Bank and Trust Company had $23.46 million in non-current loans and owned real-estate with $163.05 million in equity and loan loss allowances on hand to cover it. This gives Enterprise Bank and Trust Company a Texas Ratio of 14.39% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Enterprise Bank and Trust Company held steady from 14.40% as of March 31, 2011 to 14.39% as of March 31, 2012, resulting in a positive change of 0.09%.This indicates that the balance sheet and financial strength for Enterprise Bank and Trust Company has held steady in recent periods.
Deposit Growth5
In the past year, Enterprise Bank and Trust Company has increased its total deposits by $120.02 million, resulting in 9.34% 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 Enterprise Bank and Trust Company has shown is excellent.
Capitalization4
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. Enterprise Bank and Trust Company has $1.56 billion in assets with $163.05 million in equity, resulting in a capitalization level of 10.46%, which is above average.
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