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
  • Complaints
  • 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, Greenville, Columbia, and Orangeburg 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 above average approval rate when compared to the average across all lenders. They have an above 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

    151

    Origination Dollar Volume (All Markets)

    $20,685,000

    Employee count

    100

    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 97 $10,855,000 $111,907 $0 0.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 25 $3,825,000 $153,000 $0 0.00%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 15 $2,675,000 $178,333 $0 0.00%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $1,460,000 $730,000 $0 0.00%
    COLUMBIA, SC (FHA|USDA|VA) 2 $680,000 $340,000 $0 0.00%
    Orangeburg, SC (FHA|USDA|VA) 5 $475,000 $95,000 $0 0.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $405,000 $405,000 $0 0.00%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $220,000 $110,000 $0 0.00%
    SUMTER, SC (FHA|USDA|VA) 2 $90,000 $45,000 $0 0.00%
    Enterprise Bank Of South Carolina's top markets include Charleston, Hilton Head Island, Greenville, Columbia, and Orangeburg among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 151 $20,685,000 $136,987 $0 0.00%

    For 2021, Enterprise Bank Of South Carolina's most frequently originated type of loan was Conventional, with 151 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 91 $12,915,000 $141,923 $0 0.00%
    Refi 50 $6,770,000 $135,400 $0 0.00%
    Other 8 $870,000 $108,750 $0 0.00%
    Home Improvement 2 $130,000 $65,000 $0 0.00%

    For 2021, Enterprise Bank Of South Carolina's most frequently cited loan purpose was Home Purchase, with 91 originations. The 2nd most popular reason was Refi, with 50 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 151 $20,685,000 $136,987 $0 0.00%

    For 2021, Enterprise Bank Of South Carolina's most frequently cited loan duration was Other, with 151 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 75 $4,645,000 $61,933 $0 0.00%
    $100k-200k 50 $6,840,000 $136,800 $0 0.00%
    $200k-400k 19 $4,935,000 $259,737 $0 0.00%
    $400k-600k 5 $2,485,000 $497,000 $0 0.00%
    $600k-1MM 2 $1,780,000 $890,000 $0 0.00%

    2021 saw Enterprise Bank Of South Carolina place emphasis on $100,000 or less loans with 75 originations, totaling $4,645,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 43 $4,245,000 $98,721 $0 0.00%
    $50k or less 29 $2,225,000 $76,724 $0 0.00%
    $100k-150k 24 $4,700,000 $195,833 $0 0.00%
    $75k-100k 24 $3,020,000 $125,833 $0 0.00%
    $150k-250k 11 $1,615,000 $146,818 $0 0.00%
    $250k+ 7 $2,715,000 $387,857 $0 0.00%

    Enterprise Bank Of South Carolina lent most frequently to those with incomes in the $50k-75k range, with 43 originations. The second most popular income band? $50k or less, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 151 $20,685,000 $136,987 $0 0.00%

    Enterprise Bank Of South Carolina lent most frequently to those with DTI ratios of Exempt%, with 151 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 121 $16,725,000 $138,223 $0 0.00%
    Not applicable 15 $2,385,000 $159,000 $0 0.00%
    Black 10 $960,000 $96,000 $0 0.00%
    Not provided 4 $500,000 $125,000 $0 0.00%
    American Indian 1 $115,000 $115,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.62%

    Enterprise Bank Of South Carolina has an average approval rate.

    Pick Rate

    Approvals leading to origination
    91.39%

    Enterprise Bank Of South Carolina has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 151 $20,685,000 $136,987

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    151 $20,685,000 $136,987

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    EnTrust Funding Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 4 80.0%
    EnTrust Funding FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Enterprise Bank of South Carolina 117 North Palmetto Avenue Denmark, SC 29042 Full Service B&M $20,232
    Enterprise Bank of South Carolina 11003 Cottageville Highway Cottageville, SC 29435 Full Service B&M $15,755
    Enterprise Bank of South Carolina 1105 N Jefferies Walterboro, SC 29488 Full Service B&M $64,306
    Enterprise Bank of South Carolina 102 Main Street Ridgeville, SC 29472 Full Service B&M $12,606
    Enterprise Bank of South Carolina 11 West Main Street Williston, SC 29853 Full Service B&M $20,920
    Enterprise Bank of South Carolina 13497 Broxton Bridge Road Ehrhardt, SC 29081 Full Service B&M $70,064
    Enterprise Bank of South Carolina 227 Main Street Blackville, SC 29817 Full Service B&M $23,085
    Enterprise Bank of South Carolina 287 Main Street Barnwell, SC 29812 Full Service B&M $70,113
    Enterprise Bank of South Carolina 400 North Main Street Bamberg, SC 29003 Full Service B&M $38,036
    Enterprise Bank of South Carolina 7222 Festival Trail Road Springfield, SC 29146 Full Service B&M $19,621
    Enterprise Bank of South Carolina 776 Bells Highway Walterboro, SC 29488 Full Service B&M $4,730
    Enterprise Bank of South Carolina 804 Oyster Park Drive Edisto Island, SC 29438 Full Service B&M $43,968

    For 2021, Enterprise Bank Of South Carolina had 12 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $14,081
    Net interest income $13,411
    Total noninterest income $2,074
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $880
    Trading account gains and fees $0
    Additional Noninterest Income $1,194
    Pre-tax net operating income $4,733
    Securities gains (or losses, -) $256
    Income before extraordinary items $4,770
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,770
    Minority interest net income $0
    Net income $4,770
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,524

    Enterprise Bank Of South Carolina's gross interest income from loans was $14,081,000.
    Enterprise Bank Of South Carolina's net interest income from loans was $13,411,000.
    Enterprise Bank Of South Carolina's fee based income from loans was $880,000.
    Enterprise Bank Of South Carolina's net income from loans was $4,770,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $670
    Provision for credit losses $0
    Total noninterest expense $10,752
    Salaries and employee benefits $5,885
    Premises and equipment expense $1,038
    Additional noninterest expense $3,829
    Applicable income taxes $219
    Net charge-offs $-139
    Cash dividends $0

    Enterprise Bank Of South Carolina's interest expense for loans was $670,000.
    Enterprise Bank Of South Carolina's payroll and benefits expense were $5,885,000.
    Enterprise Bank Of South Carolina's property, plant and equipment expenses $1,038,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    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 $413,394
    Deposits held in domestic offices $413,394
    Deposits by Individuals, partnerships, and corporations $360,269
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $52,889
    Deposits by Commercial banks and other depository institutions in U.S. $236
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $240,966
    Demand deposits $107,994
    Nontransaction accounts $172,428
    Money market deposit accounts (MMDAs) $43,051
    Other savings deposits (excluding MMDAs) $63,311
    Total time deposits $66,066
    Total time and savings deposits $305,400
    Noninterest-bearing deposits $107,994
    Interest-bearing deposits $305,400
    Retail deposits $404,880
    IRAs and Keogh plan accounts $10,643
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $450,605
    Cash & Balances due from depository institutions $48,434
    Interest-bearing balances $36,829
    Total securities $170,873
    Federal funds sold & reverse repurchase $0
    Net loans and leases $219,084
    Loan and leases loss allowance $2,898
    Trading account assets $0
    Bank premises and fixed assets $5,969
    Other real estate owned $3,663
    Goodwill and other intangibles $0
    All other assets $2,582

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $450,605
    Total Liabilities $414,308
    Total deposits $413,394
    Interest-bearing deposits $305,400
    Deposits held in domestic offices $413,394
    % insured (estimated) $76
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $914

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $219,084
    Loan and leases loss allowance $2,898
    Total loans and leases (domestic) $221,982
    All real estate loans $171,953
    Real estate loans in domestic offices $171,953
    Construction and development loans $10,262
    Residential 1-4 family construction $3,949
    Other construction, all land development and other land $6,313
    Loans secured by nonfarm nonresidential properties $70,165
    Nonfarm nonresidential secured by owner-occupied properties $34,936
    Commercial real estate & other non-farm, non-residential $35,229
    Multifamily residential real estate $17
    1-4 family residential loans $65,151
    Farmland loans $26,358
    Loans held in foreign offices $0
    Farm loans $8,201
    Commercial and industrial loans $27,408
    To non-U.S. addressees $0
    Loans to individuals $14,127
    Credit card loans $0
    Related Plans $211
    Consumer Auto Loans $2,669
    Other loans to individuals $11,247
    All other loans & leases $293
    Loans to foreign governments and official institutions $0
    Other loans $98
    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 $2,040
    Non 1-4 family restructured loans & leases $2,040
    Total loans and leases (foreign) $0

    Enterprise Bank of South Carolina had $219,084,000 of loans outstanding in 2021. $171,953,000 of loans were in real estate loans. $10,262,000 of loans were in development loans. $17,000 of loans were in multifamily mortgage loans. $65,151,000 of loans were in 1-4 family mortgage loans. $8,201,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,669,000 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 195 $38,491 $197,390
    Nonfarm, nonresidential loans - <$100k 84 $3,412 $40,619
    Nonfarm, nonresidential loans - $100-250k 53 $6,640 $125,283
    Nonfarm, nonresidential loans - $250k-1MM 58 $28,439 $490,328
    Commercial & Industrial, US addressed loans - <$1MM 435 $23,310 $53,586
    Commercial & Industrial, US addressed loans - <$100k 341 $9,113 $26,724
    Commercial & Industrial, US addressed loans - $100-250k 78 $9,572 $122,718
    Commercial & Industrial, US addressed loans - $250k-1MM 16 $4,625 $289,063
    Farmland loans - <$1MM 82 $8,690 $105,976
    Farmland loans - <$100k 44 $1,742 $39,591
    Farmland loans - $100-250k 24 $2,974 $123,917
    Farmland loans - $250k-1MM 14 $3,974 $283,857
    Agriculture operations loans - <$1MM 40 $1,248 $31,200
    Agriculture operations loans - <$100k 36 $868 $24,111
    Agriculture operations loans - $100-250k 2 $231 $115,500
    Agriculture operations loans - $250k-1MM 2 $149 $74,500