EnerBank USA (merged into Regions Bank)
EnerBank USA reported total assets of $3.1 bn at Q3 2021, its last Call Report before it merged into Regions Bank. EnerBank USA uses the community bank leverage ratio framework, with a leverage ratio of 13.19%, and the uninsured share of EnerBank USA was 0.00%. Source: FDIC Call Reports.
What sets EnerBank USA apart
Nothing in the latest data sets EnerBank USA apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is EnerBank USA?
The balance sheet of EnerBank USA at : assets $3.1 bn, deposits $2.7 bn, net loans $2.9 bn (loans equal to 106.84% of deposits). Securities make up 1.0% of total assets at EnerBank USA. Since , when EnerBank USA held $1.3 bn, its assets grew 146.2%. In the year to , deposits at EnerBank USA fell 4.4% while its total assets fell 1.0%. At , EnerBank USA employed 482 full-time equivalent staff across 1 office, about $6.5 mn of assets per employee and $2.7 bn of deposits per office.
How much funding at EnerBank USA is uninsured?
At EnerBank USA, uninsured deposits (above the FDIC limit) made up 0.00% of domestic deposits at (-0.07 pp on a year earlier). In dollars, EnerBank USA estimated $130,000 of uninsured deposits.
Key facts, Q3 2021
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $2.7 bn | $2.8 bn (Q3 2020) | |
| Net loans and leases | $2.9 bn | $2.9 bn (Q3 2020) | |
| Loan-to-deposit ratio | 106.84% | 102.13% (Q3 2020) | |
| Net interest margin | 7.79% | 7.25% (Q3 2020) | |
| Return on assets (ROA) | 3.73% | 1.58% (Q3 2020) | |
| Efficiency ratio | 35.67% | 40.19% (Q3 2020) | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $83,000 | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 0.20% | 0.25% (Q3 2020) | |
| Net charge-offs to average loans | 0.92% | 1.20% (Q3 2020) |
US rank of EnerBank USA: 1 = highest unless marked 1 = lowest.
Balance sheet
EnerBank USA: assets, deposits and loans
- Total assets $3.1bn
- Deposits $2.7bn
- Net loans $2.9bn
Capital and securities
EnerBank USA uses the community bank leverage ratio framework, so it reports no risk-based ratios; its leverage ratio was 13.19% in . Equity capital of EnerBank USA at : $372.7 mn, or 11.9% of total assets.
On held-to-maturity securities, EnerBank USA carried an unrealized loss of $83,000 at , equal to 0.0% of equity capital. The loss turned from a gain into a loss over the year. Its deepest point: $836,000 in .
EnerBank USA: capital ratios
- Total capital 12%
- CET1 10%
- Tier 1 leverage 13%
EnerBank USA: unrealized securities gains and losses
- Available for sale $0
- Held to maturity -$83,000
Profitability and loan quality
For the year to , EnerBank USA earned a return on equity of 35.24%; return on assets: 3.73%. Net interest margin at EnerBank USA: 7.79%, +0.55 pp in a year. EnerBank USA net income: $87.0 mn, up 157.6% year on year. The efficiency ratio of EnerBank USA was 35.67%: about 36 cents cost per revenue dollar, against 59 cents at the median peer.
At , noncurrent loans were 0.20% of total loans at EnerBank USA; net charge-offs: 0.92% of average loans. Gross loans and leases at EnerBank USA: $3.0 bn at , against $3.0 bn at .
EnerBank USA: profitability
- Return on equity 35%
- Net interest margin 7.8%
- Return on assets 3.7%
Peer group of EnerBank USA
The peer group of EnerBank USA is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 0 share the charter type of EnerBank USA (state nonmember bank) and 0 have head offices in Utah. Against them, EnerBank USA shows return on equity 35.24% against a peer median of 15.54% and uninsured deposit share 0.00% against a peer median of 37.08%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Alerus Financial | National bank | ND | $3.2 bn | 13.77% | 17.63% | 61.41% | |
| Hingham Institution for Savings | State-chartered stock savings bank | MA | $3.2 bn | 12.79% | 21.33% | 33.48% | |
| Spirit of Texas Bank, SSB | State-chartered stock savings bank | TX | $3.2 bn | 13.44% | 12.34% | 40.69% | |
| EnerBank USA | State nonmember bank | UT | $3.1 bn | not reported | 35.24% | 0.00% | |
| First Community Bank | State member bank | VA | $3.1 bn | 13.55% | 13.44% | 8.39% | |
| Sterling Bank and Trust, FSB | Federal savings bank | MI | $3.1 bn | 25.07% | 7.44% | 17.16% | |
| Bessemer Trust Company | National bank | NY | $3.1 bn | 24.79% | 26.66% | 83.02% | |
. FDIC Call Reports.
Last eight quarters
Two years at EnerBank USA, to : assets $2.7 bn to $3.1 bn, deposits $2.4 bn to $2.7 bn, equity $277.3 mn to $372.7 mn. Staff 338 to 482.
| Metric | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.7 bn | $2.7 bn | $2.8 bn | $3.2 bn | $3.1 bn | $3.1 bn | $3.1 bn | $3.1 bn |
| Total deposits | $2.4 bn | $2.4 bn | $2.5 bn | $2.8 bn | $2.8 bn | $2.7 bn | $2.7 bn | $2.7 bn |
| Bank equity capital | $277.3 mn | $241.6 mn | $249.7 mn | $261.6 mn | $285.6 mn | $318.2 mn | $341.0 mn | $372.7 mn |
| CET1 ratio | 10.45% | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Return on equity (ROE) | 19.48% | 21.27% | 17.08% | 17.49% | 21.96% | 43.10% | 35.19% | 35.24% |
| Uninsured share of domestic deposits | 0.09% | 0.14% | 0.10% | 0.08% | 0.08% | 0.12% | 0.07% | 0.00% |
| Full-time equivalent employees | 338 | 356 | 397 | 420 | 414 | 432 | 470 | 482 |
| Number of offices | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of EnerBank USA, oldest first; figures before and after each event are not like for like.
- . Merged into Regions Bank (FDIC certificate 12368).
Questions and identifiers
What were the total assets of EnerBank USA?
EnerBank USA reported $3.1 bn at in its Call Report.
Is EnerBank USA profitable?
EnerBank USA reported net income of $87.0 mn for the year to ; annualized return on equity: 35.24%. So yes: EnerBank USA made a profit over these months.
When is data for EnerBank USA next updated?
EnerBank USA no longer files Call Reports; its data ends at .
Where can I check the figures for EnerBank USA?
In the FDIC BankFind Suite record for certificate 57293, and in the Call Reports of EnerBank USA (RSSD ID 3121072) at the FFIEC Central Data Repository.