# ENTERPRISE BANK NJ
KENILWORTH, NJ · FDIC certificate 57055 · asset band <$300M · latest filing 2018-09 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 5 (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 | $276.9M | |
| Deposits | $192.2M | |
| Loans and leases | $265.4M | |
| Total equity | $32.6M | |
| Loans / deposits | 136.50% (p100 of band) | 78.40% |
| Liquid assets / assets | 2.86% (p0 of band) | |
| Uninsured deposits / deposits | 21.69% (p74 of band) | 15.34% |
| Brokered deposits | 3.63% | |
| Wholesale funding | 21.96% (p96 of band) | |
| FHLB advances / assets | 18.33% | |
| Tier 1 leverage | 11.94% (p59 of band) | 11.34% |
| Unrealized securities loss / equity | 0.16% (p98 of band) | -3.15% |
| AOCI / equity | -0.07% (p83 of band) | |
| ROA (annualized) | 1.17% (p60 of band) | 1.02% |
| Net interest margin | 4.03% (p64 of band) | 3.82% |
| Efficiency ratio | 52.96% (p11 of band) | |
| Noncurrent loans | 0.50% (p47 of band) | 0.57% |
| Net charge-offs (annualized) | 0.00% (p36 of band) | |
| Reserve coverage of noncurrent | 228.54% | |
| Real estate % of loans | 96% | |
| Construction % of loans | 212.28% (p100 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 8.9% | |
| Employees | 34 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **liquid assets <10%** (`liq_thin`)
- **capital falling** (`cap_falling`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 2 | capital falling |  |
| 2011-12 | 2 |  |  |
| 2012-03 | 1 |  | capital falling |
| 2012-06 | 1 |  |  |
| 2012-09 | 1 |  |  |
| 2012-12 | 0 |  | reserve under noncurrent |
| 2013-03 | 1 | reserve under noncurrent |  |
| 2013-06 | 1 | loans exceed deposits | reserve under noncurrent |
| 2013-09 | 1 |  |  |
| 2013-12 | 3 | liquid assets <10%, capital falling |  |
| 2014-03 | 3 |  |  |
| 2014-06 | 3 |  |  |
| 2014-09 | 3 |  |  |
| 2014-12 | 3 |  |  |
| 2015-03 | 2 |  | capital falling |
| 2015-06 | 3 | construction >100% equity |  |
| 2015-09 | 4 | capital falling |  |
| 2015-12 | 3 |  | capital falling |
| 2016-03 | 3 |  |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 4 | capital falling |  |
| 2018-06 | 5 | wholesale funding >15% |  |
| 2018-09 | 5 |  |  |

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

- 2018-06-21 [Recently merged SB One Bancorp to acquire Enterprise Bank - New Jersey Herald](https://news.google.com/rss/articles/CBMimAFBVV95cUxQdVpmR016cnd1Y3Q0MV92MGtXallUbmFZSVBVUUpISE9UTk5vQmdTZGE2RWY1RFhqY2JFVDRaeUZ4a25OcXNIYXdoQUVRbndXZHA0VlJvWXItX3BFaGdVOVpNMlhUV0R2VndPbEk0akpKeVZDQmxfY1lZZmFiQUx1ZTZSSkVyZHhEeWxadGs2aHZKRW1VQ0NMTw?oc=5) · New Jersey Herald

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57055 (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/31.json (key "57055", 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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