# ENTERPRISE BANK OF FLORIDA
NORTH PALM BEACH, FL · FDIC certificate 32917 · asset band <$300M · latest filing 2013-06 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 6 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $248.6M | |
| Deposits | $177.3M | |
| Loans and leases | $180.4M | |
| Total equity | $35.5M | |
| Loans / deposits | 99.74% (p95 of band) | 68.67% |
| Liquid assets / assets | 23.08% (p22 of band) | |
| Uninsured deposits / deposits | 19.63% (p80 of band) | 11.61% |
| Brokered deposits | 6.24% | |
| Wholesale funding | 20.32% (p96 of band) | |
| FHLB advances / assets | 14.08% | |
| Tier 1 leverage | 14.40% (p87 of band) | 10.18% |
| Unrealized securities loss / equity | -3.11% (p24 of band) | -0.21% |
| AOCI / equity | 3.16% (p100 of band) | |
| ROA (annualized) | -1.05% (p3 of band) | 0.77% |
| Net interest margin | 3.48% (p44 of band) | 3.59% |
| Efficiency ratio | 106.62% (p94 of band) | |
| Noncurrent loans | 3.89% (p85 of band) | 1.13% |
| Net charge-offs (annualized) | 1.09% (p96 of band) | |
| Reserve coverage of noncurrent | 50.17% | |
| Real estate % of loans | 92% | |
| Construction % of loans | 23.99% (p61 of band) | |
| Auto loans | $20,000 (0.01% of loans; DQ 0.00%, NCO -0.01%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -11.9% | |
| Employees | 40 | |

## Flags firing in the latest filing

- **wholesale funding >15%** (`liq_wholesale`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **deposits shrinking** (`shrink_deposits`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | brokered >10%, wholesale funding >15%, reserve under noncurrent |  |
| 2011-06 | 5 | losing money, charge-offs p90 |  |
| 2011-09 | 6 | noncurrent p90 |  |
| 2011-12 | 4 |  | losing money, noncurrent p90 |
| 2012-03 | 3 |  | charge-offs p90 |
| 2012-06 | 3 | uninsured deposits leaving | reserve under noncurrent |
| 2012-09 | 3 | reserve under noncurrent | uninsured deposits leaving |
| 2012-12 | 6 | noncurrent p90, charge-offs p90, deposits shrinking, assets shrinking | brokered >10% |
| 2013-03 | 3 |  | noncurrent p90, charge-offs p90, assets shrinking |
| 2013-06 | 6 | losing money, expense ratio p90, charge-offs p90 |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2022-11-17 [Bennett Brown joins Old Glory Bank - Jacksonville Daily Record](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOUnNMYktrQzNrQ3RLdWdZV0x4bnhSenJVR3hYcFR3aWl4YlE5N3lqS0tQMGx3ajQ3N0ZsNDF4bm5feXZXOFZfVW9ucll0b3JZaWZLWWpmenpMZUJzeS16NkVXN25ubjc2M3VMNTg5YkFMYmdHMHFDUzNzclBJdC1KM0ctdTlGMmN0Rkdn?oc=5) · Jacksonville Daily Record
- 2024-06-21 [Meet the 2024 Power Leaders in Banking and Finance - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxQWDRLMWpTazY4bWVsQzdGMHJQU2FleHpqTFNDSEt2a0RtWFdwcDdOVEJtLV9Db3czRmttZmtjbEppM3kwd1ZLSkt6VEl5MElNWEZiYktaa1h3OWJGem5uaU0xejMxd05aci0zZTRROFFfeXhrblFzLUR0dVNtTGNReG11RVF1dXp6VS1yWWt1YmprVVFLaDREVkJnYU5Vc2I3QzRSTzRCakhzTXlG?oc=5) · The Business Journals
- 2017-08-17 [Heartland Data Breach Update: Thousands of Institutions Impacted - BankInfoSecurity](https://news.google.com/rss/articles/CBMiogFBVV95cUxNWVEyRWhPeVlpYXZaX19sN1VhVk5zZ1RJb2xUMlNFUmhWdnU2c1NxVXRJcVBxYTJXM0ptVjFreVRaQjJQNkdoQmFKWmQxU3ZNMU5ROGRsbVVreFdIeUhHMmEwSjdnaHVoaDd3ZmhWQmdDX1huU3UyeFlYakxsMW1DTEJEMmVsR3BLelpjd0xENjB1eFBqOXFFcFdtc1lqVE44YlE?oc=5) · BankInfoSecurity
- 2010-01-11 [Shane Hochstadt Obituary (2010) - Jacksonville, FL - Florida Times-Union - legacy.com](https://news.google.com/rss/articles/CBMikwFBVV95cUxPWXdjdWY4OV9uYVJDR09sS181ZWdvTmZ0UjhFczlmNzJNM2NDSFBSOV82eVU4Wkw2ZUJCejRTMVViMTNzblo2WTZMSGxTSUlPU0NrdTc5YzZTQ2xIR2g4MUlWb0xCS3hDRHRDZmV6X0NYdU94ZjlDRGdaX05oWEk3WDJVSmM2enhfZS02YzhxdGZoSk0?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=32917 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/21.json (key "32917", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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