Parent Company Only Condensed Financial Statements

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Only Condensed Financial Statements

PARENT COMPANY ONLY CONDENSED FINANCIAL STATEMENTS

Condensed Balance Sheets

	December 31,
(in thousands)	2015		2014
Assets
Cash	$	12,032	$	14,532
Investment in Enterprise Bank & Trust	374,092		344,995
Investment in Enterprise Financial CDE, LLC	1,510		772
Other assets	20,357		19,223
Total assets	$	407,991	$	379,522
Liabilities and Shareholders' Equity
Subordinated debentures	$	56,807	$	56,807
Notes payable	—		5,700
Accounts payable and other liabilities	355		774
Shareholders' equity	350,829		316,241
Total liabilities and shareholders' equity	$	407,991	$	379,522

Condensed Statements of Operations

	Years ended December 31,
(in thousands)	2015		2014		2013
Income:
Dividends from subsidiaries	$	10,000	$	10,000	$	10,000
Other	249		225		256
Total income	10,249		10,225		10,256
Expenses:
Interest expense-subordinated debentures	1,248		1,322		2,884
Interest expense-notes payable	144		193		396
Other expenses	3,823		4,402		5,142
Total expenses	5,215		5,917		8,422
Income before taxes and equity in undistributed earnings of subsidiaries	5,034		4,308		1,834
Income tax benefit	2,118		2,305		3,394
Net income before equity in undistributed earnings of subsidiaries	7,152		6,613		5,228
Equity in undistributed earnings of subsidiaries	31,298		20,560		27,876
Net income and comprehensive income	$	38,450	$	27,173	$	33,104

Condensed Statements of Cash Flows

	Years Ended December 31,
(in thousands)	2015			2014			2013
Cash flows from operating activities:
Net income	$	38,450		$	27,173		$	33,104
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Share-based compensation	3,601			2,950			5,049
Net income of subsidiaries	(41,298		)	(30,560		)	(37,876		)
Dividends from subsidiaries	10,000			10,000			10,000
Excess tax expense of share-based compensation	(449		)	(205		)	(222		)
Other, net	848			704			2,004
Net cash provided by operating activities	11,152			10,062			12,059
Cash flows from investing activities:
Purchases of other investments	(2,832		)	(2,224		)	(761		)
Proceeds from distributions on other investments	880			176			243
Net cash used by investing activities	(1,952		)	(2,048		)	(518		)
Cash flows from financing activities:
Repayments of notes payable	(5,700		)	(4,800		)	(1,200		)
Cash dividends paid	(5,259		)	(4,177		)	(3,947		)
Excess tax benefit of share-based compensation	449			205			222
Issuance of common stock	2			2			13
Common stock repurchased	—			—			(1,006		)
Proceeds from the issuance of equity instruments, net	(1,192		)	(681		)	2,266
Net cash used by financing activities	(11,700		)	(9,451		)	(3,652		)
Net increase (decrease) in cash and cash equivalents	(2,500		)	(1,437		)	7,889
Cash and cash equivalents, beginning of year	14,532			15,969			8,080
Cash and cash equivalents, end of year	$	12,032		$	14,532		$	15,969