Enterprise Bank Of South Carolina Mortgage Rates, Fees & Info

Ehrhardt, SC

LEI: 549300VCTY2YYCLCZI32

Tax ID: 57-0159980

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Enterprise Bank Of South Carolina is a smaller bank specializing in Home Purchase and Refi loans. Enterprise Bank Of South Carolina has a high proportion of conventional loans. Their top markets by origination volume include: Charleston, Hilton Head Island, Orangeburg, Augusta, and Greenville among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Enterprise Bank Of South Carolina has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    Originations

    121

    Origination Dollar Volume (All Markets)

    $14,065,000

    Employee count

    105

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 84 $7,970,000 $94,881 $2,674 5.45%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 16 $2,970,000 $185,625 $2,461 5.42%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 9 $1,255,000 $139,444 $3,212 4.86%
    Orangeburg, SC (FHA|USDA|VA) 4 $1,110,000 $277,500 $2,418 5.81%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 4 $250,000 $62,500 $2,099 5.03%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $155,000 $155,000 $1,801 5.50%
    SUMTER, SC (FHA|USDA|VA) 1 $125,000 $125,000 $3,339 4.25%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $115,000 $115,000 $3,127 4.50%
    COLUMBIA, SC (FHA|USDA|VA) 1 $115,000 $115,000 $0 5.08%
    Enterprise Bank Of South Carolina's top markets include Charleston, Hilton Head Island, Orangeburg, Augusta, and Greenville among others.

    Their top states include:
  • South Carolina (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 121 $14,065,000 $116,240 $2,681 5.38%

    For 2018, Enterprise Bank Of South Carolina's most frequently originated type of loan was Conventional, with 121 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 56 $7,740,000 $138,214 $3,004 5.40%
    Refi 31 $4,215,000 $135,968 $2,875 5.40%
    Cash Out Refi 20 $1,560,000 $78,000 $2,551 5.12%
    Other 10 $380,000 $38,000 $1,024 5.52%
    Home Improvement 4 $170,000 $42,500 $1,460 5.90%

    For 2018, Enterprise Bank Of South Carolina's most frequently cited loan purpose was Home Purchase, with 56 originations. The 2nd most popular reason was Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 40 $6,160,000 $154,000 $3,244 4.98%
    5 Year 36 $2,440,000 $67,778 $1,058 5.98%
    10 Year 26 $3,370,000 $129,615 $2,433 5.22%
    15 Year 10 $580,000 $58,000 $1,642 5.20%
    1 Year 5 $425,000 $85,000 $0 4.93%
    Other 3 $1,075,000 $358,333 $0 5.73%
    3 Year 1 $15,000 $15,000 $0 7.22%

    For 2018, Enterprise Bank Of South Carolina's most frequently cited loan duration was 20 Year, with 40 originations. The 2nd most popular length was 5 Year, with 36 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 39 $2,385,000 $61,154
    $1k-2k 25 $3,335,000 $133,400
    $2k-3k 3 $735,000 $245,000
    $5k+ 2 $1,320,000 $660,000
    $3k-4k 1 $345,000 $345,000

    Enterprise Bank Of South Carolina's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 39 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 52 $6,830,000 $131,346
    4-5% 44 $6,100,000 $138,636
    6-7% 16 $770,000 $48,125
    7-8% 6 $230,000 $38,333
    3-4% 3 $135,000 $45,000

    During 2018, Enterprise Bank Of South Carolina's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 5-6%, with 52 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 75 $3,485,000 $46,467 $1,890 5.54%
    $100k-200k 32 $4,260,000 $133,125 $3,250 5.20%
    $200k-400k 9 $2,475,000 $275,000 $3,960 4.88%
    $600k-1MM 5 $3,845,000 $769,000 $9,367 5.09%

    2018 saw Enterprise Bank Of South Carolina place emphasis on $100,000 or less loans with 75 originations, totaling $3,485,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 34 $2,260,000 $66,471 $2,457 5.49%
    $50k-75k 29 $2,065,000 $71,207 $1,986 5.58%
    $100k-150k 13 $1,325,000 $101,923 $2,343 5.50%
    $75k-100k 13 $1,175,000 $90,385 $2,612 5.25%
    $250k+ 7 $2,795,000 $399,286 $6,934 4.80%
    $150k-250k 5 $795,000 $159,000 $3,103 4.45%

    Enterprise Bank Of South Carolina lent most frequently to those with incomes in the $50k or less range, with 34 originations. The second most popular income band? $50k-75k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 22 $2,310,000 $105,000 $2,513 5.10%
    <20% 15 $1,355,000 $90,333 $2,379 5.03%
    30-36% 12 $1,030,000 $85,833 $2,434 5.16%
    42% 4 $450,000 $112,500 $3,189 5.81%
    37% 4 $1,050,000 $262,500 $5,284 4.38%
    39% 4 $320,000 $80,000 $2,614 5.25%
    40% 2 $350,000 $175,000 $2,153 4.75%
    36% 2 $190,000 $95,000 $2,312 5.13%
    41% 2 $280,000 $140,000 $3,149 5.00%
    45% 1 $325,000 $325,000 $3,796 4.75%
    46% 1 $55,000 $55,000 $2,177 4.00%
    47% 1 $135,000 $135,000 $3,217 4.25%

    Enterprise Bank Of South Carolina lent most frequently to those with DTI ratios of 20-30%, with 22 originations. The next most common DTI ratio? <20%, with 15 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 89 $9,755,000 $109,607 $2,661 5.32%
    Not applicable 17 $3,415,000 $200,882 $0 5.53%
    Black 10 $500,000 $50,000 $2,966 5.92%
    Not provided 3 $295,000 $98,333 $3,233 4.33%
    Asian 1 $55,000 $55,000 $2,842 5.50%
    Asian Indian 1 $45,000 $45,000 $1,688 6.25%

    Approval Rates

    Total approvals of all applications
    84.38%

    Enterprise Bank Of South Carolina has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    88.43%

    Enterprise Bank Of South Carolina has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 121 $14,065,000 $116,240

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $965,000 $965,000
    Single Family (1-4 Units):Manufactured 51 $3,665,000 $71,863
    Single Family (1-4 Units):Site-Built 69 $9,435,000 $136,739

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $825,000 $39,286 $1,934 5.18%
    40-60% 22 $2,140,000 $97,273 $2,808 5.52%
    60-80% 52 $7,530,000 $144,808 $2,902 5.18%
    80-100% 17 $1,765,000 $103,824 $3,633 5.84%
    Over 100% 6 $1,710,000 $285,000 $155 5.75%
    Under 20% 3 $95,000 $31,667 $2,070 5.89%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Enterprise Bank of South Carolina 102 Main Street Ridgeville, SC 29472 Full Service B&M $8,837
    Enterprise Bank of South Carolina 11 West Main Street Williston, SC 29853 Full Service B&M $20,573
    Enterprise Bank of South Carolina 11003 Cottageville Highway Cottageville, SC 29435 Full Service B&M $12,369
    Enterprise Bank of South Carolina 1105 N Jefferies Walterboro, SC 29488 Full Service B&M $45,682
    Enterprise Bank of South Carolina 117 North Palmetto Avenue Denmark, SC 29042 Full Service B&M $15,753
    Enterprise Bank of South Carolina 13497 Broxton Bridge Road Ehrhardt, SC 29081 Full Service B&M $57,163
    Enterprise Bank of South Carolina 227 Main Street Blackville, SC 29817 Full Service B&M $17,329
    Enterprise Bank of South Carolina 287 Main Street Barnwell, SC 29812 Full Service B&M $58,000
    Enterprise Bank of South Carolina 400 North Main Street Bamberg, SC 29003 Full Service B&M $25,696
    Enterprise Bank of South Carolina 7222 Festival Trail Road Springfield, SC 29146 Full Service B&M $16,972
    Enterprise Bank of South Carolina 776 Bells Highway Walterboro, SC 29488 Full Service B&M $5,602
    Enterprise Bank of South Carolina 804 Oyster Park Drive Edisto Island, SC 29438 Full Service B&M $33,190

    For 2018, Enterprise Bank Of South Carolina had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $12,215
    Net interest income $11,495
    Total noninterest income $2,006
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,245
    Trading account gains and fees $0
    Additional Noninterest Income $761
    Pre-tax net operating income $6,360
    Securities gains (or losses, -) $-134
    Income before extraordinary items $5,897
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,897
    Minority interest net income $0
    Net income $5,897
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $6,024

    Enterprise Bank Of South Carolina's gross interest income from loans was $12,215,000.
    Enterprise Bank Of South Carolina's net interest income from loans was $11,495,000.
    Enterprise Bank Of South Carolina's fee based income from loans was $1,245,000.
    Enterprise Bank Of South Carolina's net income from loans was $5,897,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $720
    Provision for credit losses $-2,850
    Total noninterest expense $9,991
    Salaries and employee benefits $4,782
    Premises and equipment expense $874
    Additional noninterest expense $4,335
    Applicable income taxes $329
    Net charge-offs $293
    Cash dividends $0

    Enterprise Bank Of South Carolina's interest expense for loans was $720,000.
    Enterprise Bank Of South Carolina's payroll and benefits expense were $4,782,000.
    Enterprise Bank Of South Carolina's property, plant and equipment expenses $874,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 4.0%
    Real Estate loans 5.0%
    Construction & Land Development loans 4.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 3.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $307,376
    Deposits held in domestic offices $307,376
    Deposits by Individuals, partnerships, and corporations $271,319
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $35,961
    Deposits by Commercial banks and other depository institutions in U.S. $95
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $165,770
    Demand deposits $62,920
    Nontransaction accounts $141,606
    Money market deposit accounts (MMDAs) $30,245
    Other savings deposits (excluding MMDAs) $41,007
    Total time deposits $70,354
    Total time and savings deposits $244,456
    Noninterest-bearing deposits $62,919
    Interest-bearing deposits $244,457
    Retail deposits $300,358
    IRAs and Keogh plan accounts $12,258
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $328,504
    Cash & Balances due from depository institutions $28,236
    Interest-bearing balances $22,584
    Total securities $102,881
    Federal funds sold & reverse repurchase $0
    Net loans and leases $185,310
    Loan and leases loss allowance $2,799
    Trading account assets $0
    Bank premises and fixed assets $4,004
    Other real estate owned $5,855
    Goodwill and other intangibles $0
    All other assets $2,218

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $328,504
    Total Liabilities $308,120
    Total deposits $307,376
    Interest-bearing deposits $244,457
    Deposits held in domestic offices $307,376
    % insured (estimated) $80
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $744

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $185,310
    Loan and leases loss allowance $2,799
    Total loans and leases (domestic) $188,109
    All real estate loans $155,450
    Real estate loans in domestic offices $155,450
    Construction and development loans $12,992
    Residential 1-4 family construction $751
    Other construction, all land development and other land $12,241
    Loans secured by nonfarm nonresidential properties $50,914
    Nonfarm nonresidential secured by owner-occupied properties $25,826
    Commercial real estate & other non-farm, non-residential $25,088
    Multifamily residential real estate $0
    1-4 family residential loans $61,305
    Farmland loans $30,239
    Loans held in foreign offices $0
    Farm loans $4,623
    Commercial and industrial loans $21,910
    To non-U.S. addressees $0
    Loans to individuals $5,568
    Credit card loans $0
    Related Plans $322
    Consumer Auto Loans $1,142
    Other loans to individuals $4,104
    All other loans & leases $558
    Loans to foreign governments and official institutions $0
    Other loans $149
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,696
    Non 1-4 family restructured loans & leases $3,706
    Total loans and leases (foreign) $0

    Enterprise Bank of South Carolina had $185,310,000 of loans outstanding in 2018. $155,450,000 of loans were in real estate loans. $12,992,000 of loans were in development loans. $0 of loans were in multifamily mortgage loans. $61,305,000 of loans were in 1-4 family mortgage loans. $4,623,000 of loans were in farm loans. $0 of loans were in credit card loans. $1,142,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 178 $49,001 $275,287
    Nonfarm, nonresidential loans - <$100k 81 $5,978 $73,802
    Nonfarm, nonresidential loans - $100-250k 46 $6,548 $142,348
    Nonfarm, nonresidential loans - $250k-1MM 51 $36,475 $715,196
    Commercial & Industrial, US addressed loans - <$1MM 284 $21,871 $77,011
    Commercial & Industrial, US addressed loans - <$100k 226 $13,664 $60,460
    Commercial & Industrial, US addressed loans - $100-250k 48 $5,464 $113,833
    Commercial & Industrial, US addressed loans - $250k-1MM 10 $2,743 $274,300
    Farmland loans - <$1MM 110 $13,211 $120,100
    Farmland loans - <$100k 65 $2,464 $37,908
    Farmland loans - $100-250k 31 $3,925 $126,613
    Farmland loans - $250k-1MM 14 $6,822 $487,286
    Agriculture operations loans - <$1MM 57 $4,576 $80,281
    Agriculture operations loans - <$100k 50 $2,994 $59,880
    Agriculture operations loans - $100-250k 3 $375 $125,000
    Agriculture operations loans - $250k-1MM 4 $1,207 $301,750