First National Bank of Olathe was one of the largest and most troubled banks in the Kansas City area, but the risk Enterprise Bank & Trust took in acquiring the assets after the bank failed in 2011 has paid off handsomely for the bank and the community.
In March 2011, First National Bank of Olathe was loaded down with $81.3 million in troubled loans but had only $11.2 million in equity capital and a $3.5 million provision for loan losses. By the second quarter, a capital reserve ratio at the bank…
First National Bank of Olathe was one of the largest and most troubled banks in the Kansas City area, but the risk Enterprise Bank & Trust took in acquiring the assets after the bank failed in 2011 has paid off handsomely for the bank and the community.
In March 2011, First National Bank of Olathe was loaded down with $81.3 million in troubled loans but had only $11.2 million in equity capital and a $3.5 million provision for loan losses. By the second quarter, a capital reserve ratio at the bank…