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Overview / Commentary
490 Boulevard
Kenilworth, NJ 07033

Enterprise National Bank N.J. is headquartered in Kenilworth and is the 89th largest bank in the state of New Jersey. It is also the 3,781st largest bank in the nation. It was established in 2002 and as of March of 2014, it had grown to 25 employees at 3 locations. Enterprise National Bank N.J. has a A health rating.

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Health

Data for Q1 2014

Institution Health

A

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Enterprise National Bank N.J. had $1.55 million in non-current loans and owned real-estate with $21.7 million in equity and loan loss allowances on hand to cover it. This gives Enterprise National Bank N.J. a Texas Ratio of 7.14% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Enterprise National Bank N.J. decreased dramatically from 14.61% as of March 31, 2013 to 7.14% as of March 31, 2014, resulting in a positive change of 51.10%.This indicates that the balance sheet and financial strength for Enterprise National Bank N.J. has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, Enterprise National Bank N.J. has decreased its total deposits by $-440,000, resulting in -0.4% 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 National Bank N.J. has shown is average.

Capitalization

GRADE:
A+

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 National Bank N.J. has $146.02 million in assets with $21.7 million in equity, resulting in a capitalization level of 14.86%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #57055
Year Established2002
Employees25
Primary RegulatorOCC
Assets and Liabilities
Assets$146.02 million
Loans$131.54 million
Deposits$108.71 million
Equity Capital$20.16 million
Loan Loss Allowance$1.54 million
Unbacked Noncurrent Loans$190,000
Real Estate Owned$1.36 million
Historic Data - March 2013
Assets$132.55 million
Equity Capital$19.09 million
Loan Loss Allowance$1.31 million
Unbacked Noncurrent Loans$190,000
Real Estate Owned$1.42 million
Profit Margin - Quarterly
Net Interest Margin4.32%
Return on Assets0.82%
Return on Equity5.82%
Interest Income$1.73 million
Rates

Sorry, we do not have rate data for Enterprise National Bank N.J.

Locations


Enterprise National Bank N.J. Locations
Bloomfield Office Branch324 Broad StreetBloomfield, NJ 7003
Edison Branch3900 Park Avenue, Suite 108Edison, NJ 8820
Enterprise National Bank N.j.490 BoulevardKenilworth, NJ 7033