000102583512/312024Q1FALSE00010258352024-01-012024-03-310001025835us-gaap:CommonStockMember2024-01-012024-03-310001025835efsc:DepositorySharesMember2024-01-012024-03-3100010258352024-04-24xbrli:shares00010258352024-03-31iso4217:USD00010258352023-12-31iso4217:USDxbrli:shares00010258352023-01-012023-03-310001025835us-gaap:DepositAccountMember2024-01-012024-03-310001025835us-gaap:DepositAccountMember2023-01-012023-03-310001025835us-gaap:FiduciaryAndTrustMember2024-01-012024-03-310001025835us-gaap:FiduciaryAndTrustMember2023-01-012023-03-310001025835efsc:CardServicesRevenueMember2024-01-012024-03-310001025835efsc:CardServicesRevenueMember2023-01-012023-03-310001025835efsc:TaxcreditactivitynetMember2024-01-012024-03-310001025835efsc:TaxcreditactivitynetMember2023-01-012023-03-310001025835us-gaap:FinancialServiceOtherMember2024-01-012024-03-310001025835us-gaap:FinancialServiceOtherMember2023-01-012023-03-310001025835us-gaap:PreferredStockMember2023-12-310001025835us-gaap:CommonStockMember2023-12-310001025835us-gaap:AdditionalPaidInCapitalMember2023-12-310001025835us-gaap:RetainedEarningsMember2023-12-310001025835us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-310001025835us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-03-310001025835us-gaap:RetainedEarningsMember2024-01-012024-03-310001025835us-gaap:CommonStockMember2024-01-012024-03-310001025835us-gaap:AdditionalPaidInCapitalMember2024-01-012024-03-310001025835us-gaap:PreferredStockMember2024-03-310001025835us-gaap:CommonStockMember2024-03-310001025835us-gaap:AdditionalPaidInCapitalMember2024-03-310001025835us-gaap:RetainedEarningsMember2024-03-310001025835us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-310001025835us-gaap:PreferredStockMember2022-12-310001025835us-gaap:CommonStockMember2022-12-310001025835us-gaap:AdditionalPaidInCapitalMember2022-12-310001025835us-gaap:RetainedEarningsMember2022-12-310001025835us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-3100010258352022-12-310001025835us-gaap:RetainedEarningsMember2023-01-012023-03-310001025835us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-310001025835us-gaap:CommonStockMember2023-01-012023-03-310001025835us-gaap:AdditionalPaidInCapitalMember2023-01-012023-03-310001025835us-gaap:PreferredStockMember2023-03-310001025835us-gaap:CommonStockMember2023-03-310001025835us-gaap:AdditionalPaidInCapitalMember2023-03-310001025835us-gaap:RetainedEarningsMember2023-03-310001025835us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-3100010258352023-03-310001025835us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2024-03-310001025835us-gaap:USStatesAndPoliticalSubdivisionsMember2024-03-310001025835us-gaap:ResidentialMortgageBackedSecuritiesMember2024-03-310001025835us-gaap:USTreasuryBillSecuritiesMember2024-03-310001025835us-gaap:CorporateDebtSecuritiesMember2024-03-310001025835us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember2023-12-310001025835us-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-310001025835us-gaap:ResidentialMortgageBackedSecuritiesMember2023-12-310001025835us-gaap:USTreasuryBillSecuritiesMember2023-12-310001025835us-gaap:CorporateDebtSecuritiesMember2023-12-310001025835efsc:ReclassifiedtoHeldtoMaturityMember2024-03-310001025835efsc:ReclassifiedtoHeldtoMaturityMember2023-12-31xbrli:pure0001025835efsc:DesMoinesMember2024-03-310001025835efsc:DesMoinesMember2023-12-310001025835efsc:NoncoveredLoansMember2024-01-012024-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2023-12-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMember2023-12-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMember2024-03-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:RealEstateLoansPortfolioSegmentMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:RealEstateLoansPortfolioSegmentMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:ConsumerAndOtherPortfolioSegmentMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:ConsumerAndOtherPortfolioSegmentMember2023-12-310001025835efsc:NoncoveredLoansMember2024-03-310001025835efsc:NoncoveredLoansMember2023-12-3100010258352023-01-012023-12-310001025835us-gaap:OtherAssetsMember2024-03-310001025835us-gaap:OtherAssetsMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2024-01-012024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMember2024-01-012024-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2024-01-012024-03-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMember2024-01-012024-03-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMember2024-01-012024-03-310001025835efsc:NoncoveredLoansMemberefsc:ConsumerAndOtherPortfolioSegmentMember2024-01-012024-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2022-12-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMember2022-12-310001025835efsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2022-12-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMember2022-12-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMember2022-12-310001025835efsc:NoncoveredLoansMemberefsc:ConsumerAndOtherPortfolioSegmentMember2022-12-310001025835efsc:NoncoveredLoansMember2022-12-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2023-01-012023-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMember2023-01-012023-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2023-01-012023-03-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMember2023-01-012023-03-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMember2023-01-012023-03-310001025835efsc:NoncoveredLoansMemberefsc:ConsumerAndOtherPortfolioSegmentMember2023-01-012023-03-310001025835efsc:NoncoveredLoansMember2023-01-012023-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2023-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMember2023-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2023-03-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMember2023-03-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMember2023-03-310001025835efsc:NoncoveredLoansMemberefsc:ConsumerAndOtherPortfolioSegmentMember2023-03-310001025835efsc:NoncoveredLoansMember2023-03-310001025835efsc:NoncoveredLoansMemberefsc:EnterpriseValueLendingPortfolioNicheSegmentMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:EnterpriseValueLendingPortfolioNicheSegmentMember2023-12-310001025835efsc:NoncoveredLoansMembersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2024-03-310001025835efsc:EnterpriseValueLendingPortfolioNicheSegmentMember2024-03-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMember2024-01-012024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMember2024-01-012024-03-310001025835efsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2024-01-012024-03-310001025835us-gaap:ResidentialPortfolioSegmentMember2024-01-012024-03-310001025835efsc:ConsumerAndOtherPortfolioSegmentMember2024-01-012024-03-310001025835efsc:RiskRatingMember2024-01-012024-03-310001025835us-gaap:PerformingFinancingReceivableMember2024-01-012024-03-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMember2023-01-012023-12-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMember2023-01-012023-12-310001025835efsc:ConstructionAndLandDevelopmentFinancingReceivableMember2023-01-012023-12-310001025835us-gaap:ResidentialPortfolioSegmentMember2023-01-012023-12-310001025835efsc:ConsumerAndOtherPortfolioSegmentMember2023-01-012023-12-310001025835efsc:RiskRatingMember2023-01-012023-12-310001025835us-gaap:PerformingFinancingReceivableMember2023-01-012023-12-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:ResidentialRealEstateMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMemberefsc:BlanketLienMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMemberefsc:OtherCollateralMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:CommercialRealEstateMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:ResidentialRealEstateMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberefsc:BlanketLienMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberefsc:OtherCollateralMember2024-03-310001025835efsc:NoncoveredLoansMemberus-gaap:CommercialRealEstateMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMemberus-gaap:ResidentialRealEstateMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:BlanketLienMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:OtherCollateralMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMemberus-gaap:CommercialRealEstateMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMemberus-gaap:ResidentialRealEstateMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMemberefsc:BlanketLienMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMemberefsc:OtherCollateralMember2024-03-310001025835efsc:NoncoveredLoansMemberus-gaap:CommercialRealEstateMember2024-03-310001025835efsc:NoncoveredLoansMemberus-gaap:ResidentialRealEstateMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:BlanketLienMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:OtherCollateralMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:CommercialRealEstateMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:ResidentialRealEstateMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMemberefsc:BlanketLienMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMemberefsc:OtherCollateralMember2023-12-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:CommercialRealEstateMember2023-12-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:ResidentialRealEstateMember2023-12-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberefsc:BlanketLienMember2023-12-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberefsc:OtherCollateralMember2023-12-310001025835efsc:NoncoveredLoansMemberus-gaap:CommercialRealEstateMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMemberus-gaap:ResidentialRealEstateMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:BlanketLienMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:OtherCollateralMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMemberus-gaap:CommercialRealEstateMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMemberus-gaap:ResidentialRealEstateMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMemberefsc:BlanketLienMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMemberefsc:OtherCollateralMember2023-12-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:CommercialRealEstateMember2023-12-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:ResidentialRealEstateMember2023-12-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMemberefsc:BlanketLienMember2023-12-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMemberefsc:OtherCollateralMember2023-12-310001025835efsc:NoncoveredLoansMemberus-gaap:CommercialRealEstateMember2023-12-310001025835efsc:NoncoveredLoansMemberus-gaap:ResidentialRealEstateMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:BlanketLienMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:OtherCollateralMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMemberefsc:FinancialAsset30to89DaysPastDueMember2024-03-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2024-03-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetPastDueMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2024-03-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetNotPastDueMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberefsc:FinancialAsset30to89DaysPastDueMember2024-03-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:FinancialAssetPastDueMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:FinancialAssetNotPastDueMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMemberefsc:FinancialAsset30to89DaysPastDueMember2024-03-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2024-03-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetPastDueMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2024-03-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetNotPastDueMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMemberefsc:FinancialAsset30to89DaysPastDueMember2024-03-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMember2024-03-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetPastDueMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMemberus-gaap:FinancialAssetNotPastDueMember2024-03-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMemberefsc:FinancialAsset30to89DaysPastDueMember2024-03-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMember2024-03-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:FinancialAssetPastDueMember2024-03-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:FinancialAssetNotPastDueMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:ConsumerAndOtherPortfolioSegmentMemberefsc:FinancialAsset30to89DaysPastDueMember2024-03-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:NoncoveredLoansMemberefsc:ConsumerAndOtherPortfolioSegmentMember2024-03-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetPastDueMemberefsc:ConsumerAndOtherPortfolioSegmentMember2024-03-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetNotPastDueMemberefsc:ConsumerAndOtherPortfolioSegmentMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:FinancialAsset30to89DaysPastDueMember2024-03-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:NoncoveredLoansMember2024-03-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetPastDueMember2024-03-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetNotPastDueMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMemberefsc:FinancialAsset30to89DaysPastDueMember2023-12-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:NoncoveredLoansMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2023-12-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetPastDueMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2023-12-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetNotPastDueMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2023-12-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberefsc:FinancialAsset30to89DaysPastDueMember2023-12-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMember2023-12-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:FinancialAssetPastDueMember2023-12-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMemberefsc:FinancialAsset30to89DaysPastDueMember2023-12-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2023-12-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetPastDueMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2023-12-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetNotPastDueMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMemberefsc:FinancialAsset30to89DaysPastDueMember2023-12-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMember2023-12-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetPastDueMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMemberefsc:FinancialAsset30to89DaysPastDueMember2023-12-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMember2023-12-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:FinancialAssetPastDueMember2023-12-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:ConsumerAndOtherPortfolioSegmentMemberefsc:FinancialAsset30to89DaysPastDueMember2023-12-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:NoncoveredLoansMemberefsc:ConsumerAndOtherPortfolioSegmentMember2023-12-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetPastDueMemberefsc:ConsumerAndOtherPortfolioSegmentMember2023-12-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetNotPastDueMemberefsc:ConsumerAndOtherPortfolioSegmentMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:FinancialAsset30to89DaysPastDueMember2023-12-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:NoncoveredLoansMember2023-12-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetPastDueMember2023-12-310001025835efsc:NoncoveredLoansMemberus-gaap:FinancialAssetNotPastDueMember2023-12-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310001025835efsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310001025835efsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310001025835efsc:ResidentialRealEstateFinancingReceivableMember2024-01-012024-03-310001025835us-gaap:ExtendedMaturityMember2024-01-012024-03-310001025835us-gaap:PaymentDeferralMember2024-01-012024-03-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:ExtendedMaturityMember2023-01-012023-03-310001025835efsc:ConstructionAndLandDevelopmentFinancingReceivableMemberus-gaap:ExtendedMaturityMember2023-01-012023-03-310001025835us-gaap:ExtendedMaturityMember2023-01-012023-03-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMember2023-01-012023-03-310001025835efsc:ConstructionAndLandDevelopmentFinancingReceivableMemberus-gaap:PaymentDeferralMember2024-01-012024-03-310001025835efsc:ConstructionAndLandDevelopmentFinancingReceivableMember2023-01-012023-03-310001025835us-gaap:FinancialAssetNotPastDueMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2024-03-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMemberefsc:FinancialAsset30to89DaysPastDueMember2024-03-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2024-03-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberus-gaap:FinancialAssetNotPastDueMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:FinancialAsset30to89DaysPastDueMember2024-03-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:CommercialRealEstateInvestorOwnedFinancingReceivableMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMember2024-03-310001025835us-gaap:FinancialAssetNotPastDueMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2024-03-310001025835efsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMemberefsc:FinancialAsset30to89DaysPastDueMember2024-03-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2024-03-310001025835efsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2024-03-310001025835efsc:ConstructionAndLandDevelopmentFinancingReceivableMemberus-gaap:FinancialAssetNotPastDueMember2024-03-310001025835efsc:ConstructionAndLandDevelopmentFinancingReceivableMemberefsc:FinancialAsset30to89DaysPastDueMember2024-03-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:ConstructionAndLandDevelopmentFinancingReceivableMember2024-03-310001025835efsc:ConstructionAndLandDevelopmentFinancingReceivableMember2024-03-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberus-gaap:FinancialAssetNotPastDueMember2024-03-310001025835efsc:ResidentialRealEstateFinancingReceivableMemberefsc:FinancialAsset30to89DaysPastDueMember2024-03-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:ResidentialRealEstateFinancingReceivableMember2024-03-310001025835efsc:ResidentialRealEstateFinancingReceivableMember2024-03-310001025835us-gaap:FinancialAssetNotPastDueMemberefsc:ConsumerAndOtherPortfolioSegmentMember2024-03-310001025835efsc:ConsumerAndOtherPortfolioSegmentMemberefsc:FinancialAsset30to89DaysPastDueMember2024-03-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberefsc:ConsumerAndOtherPortfolioSegmentMember2024-03-310001025835efsc:ConsumerAndOtherPortfolioSegmentMember2024-03-310001025835us-gaap:FinancialAssetNotPastDueMember2024-03-310001025835efsc:FinancialAsset30to89DaysPastDueMember2024-03-310001025835us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-310001025835efsc:ConstructionAndLandDevelopmentFinancingReceivableMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310001025835efsc:ConsumerAndOtherPortfolioSegmentMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:PassMember2024-03-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SpecialMentionMember2024-03-310001025835us-gaap:SubstandardMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2024-03-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMember2024-03-310001025835us-gaap:PassMemberefsc:CommercialRealEstateInvestorOwnedPortfolioSegmentMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedPortfolioSegmentMemberus-gaap:SpecialMentionMember2024-03-310001025835us-gaap:SubstandardMemberefsc:CommercialRealEstateInvestorOwnedPortfolioSegmentMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedPortfolioSegmentMember2024-03-310001025835us-gaap:PassMemberefsc:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2024-03-310001025835efsc:CommercialRealEstateOwnerOccupiedPortfolioSegmentMemberus-gaap:SpecialMentionMember2024-03-310001025835us-gaap:SubstandardMemberefsc:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2024-03-310001025835efsc:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2024-03-310001025835us-gaap:PassMemberefsc:ConstructionRealEstatePortfolioSegmentMember2024-03-310001025835efsc:ConstructionRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2024-03-310001025835us-gaap:SubstandardMemberefsc:ConstructionRealEstatePortfolioSegmentMember2024-03-310001025835efsc:ConstructionRealEstatePortfolioSegmentMember2024-03-310001025835us-gaap:PassMemberus-gaap:ResidentialPortfolioSegmentMember2024-03-310001025835us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SpecialMentionMember2024-03-310001025835us-gaap:SubstandardMemberus-gaap:ResidentialPortfolioSegmentMember2024-03-310001025835us-gaap:ResidentialPortfolioSegmentMember2024-03-310001025835efsc:ConsumerAndOtherPortfolioSegmentMemberus-gaap:PassMember2024-03-310001025835efsc:ConsumerAndOtherPortfolioSegmentMemberus-gaap:SpecialMentionMember2024-03-310001025835us-gaap:SubstandardMemberefsc:ConsumerAndOtherPortfolioSegmentMember2024-03-310001025835efsc:ConsumerAndOtherPortfolioSegmentMember2024-03-310001025835efsc:LoansClassifiedByRiskCategoryMember2024-03-310001025835efsc:LoansClassifiedByPerformingStatusMember2024-03-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:PassMember2023-12-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:SpecialMentionMember2023-12-310001025835us-gaap:SubstandardMemberefsc:CommercialAndIndustrialPortfolioSegmentMember2023-12-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMember2023-12-310001025835us-gaap:PassMemberefsc:CommercialRealEstateInvestorOwnedPortfolioSegmentMember2023-12-310001025835efsc:CommercialRealEstateInvestorOwnedPortfolioSegmentMemberus-gaap:SpecialMentionMember2023-12-310001025835us-gaap:SubstandardMemberefsc:CommercialRealEstateInvestorOwnedPortfolioSegmentMember2023-12-310001025835efsc:CommercialRealEstateInvestorOwnedPortfolioSegmentMember2023-12-310001025835us-gaap:PassMemberefsc:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2023-12-310001025835efsc:CommercialRealEstateOwnerOccupiedPortfolioSegmentMemberus-gaap:SpecialMentionMember2023-12-310001025835us-gaap:SubstandardMemberefsc:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2023-12-310001025835efsc:CommercialRealEstateOwnerOccupiedPortfolioSegmentMember2023-12-310001025835us-gaap:PassMemberefsc:ConstructionRealEstatePortfolioSegmentMember2023-12-310001025835efsc:ConstructionRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2023-12-310001025835us-gaap:SubstandardMemberefsc:ConstructionRealEstatePortfolioSegmentMember2023-12-310001025835efsc:ConstructionRealEstatePortfolioSegmentMember2023-12-310001025835us-gaap:PassMemberus-gaap:ResidentialPortfolioSegmentMember2023-12-310001025835us-gaap:ResidentialPortfolioSegmentMemberus-gaap:SpecialMentionMember2023-12-310001025835us-gaap:SubstandardMemberus-gaap:ResidentialPortfolioSegmentMember2023-12-310001025835us-gaap:ResidentialPortfolioSegmentMember2023-12-310001025835efsc:ConsumerAndOtherPortfolioSegmentMemberus-gaap:PassMember2023-12-310001025835efsc:ConsumerAndOtherPortfolioSegmentMemberus-gaap:SpecialMentionMember2023-12-310001025835us-gaap:SubstandardMemberefsc:ConsumerAndOtherPortfolioSegmentMember2023-12-310001025835efsc:ConsumerAndOtherPortfolioSegmentMember2023-12-310001025835efsc:LoansClassifiedByRiskCategoryMember2023-12-310001025835efsc:LoansClassifiedByPerformingStatusMember2023-12-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2024-03-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:PassMember2024-03-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:SpecialMentionMember2024-03-310001025835us-gaap:SubstandardMemberefsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMember2024-03-310001025835efsc:NoncoveredLoansMemberus-gaap:PassMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2024-03-310001025835efsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMemberus-gaap:SpecialMentionMember2024-03-310001025835us-gaap:SubstandardMemberefsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2024-03-310001025835us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2024-03-310001025835us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2024-03-310001025835efsc:ConsumerAndOtherPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2024-03-310001025835us-gaap:NonperformingFinancingReceivableMemberefsc:ConsumerAndOtherPortfolioSegmentMember2024-03-310001025835us-gaap:PerformingFinancingReceivableMember2024-03-310001025835us-gaap:NonperformingFinancingReceivableMember2024-03-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2023-12-310001025835efsc:CommercialAndIndustrialPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2023-12-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:PassMember2023-12-310001025835efsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMemberus-gaap:SpecialMentionMember2023-12-310001025835us-gaap:SubstandardMemberefsc:CommercialRealEstateInvestorOwnedFinancingReceivableMemberefsc:NoncoveredLoansMember2023-12-310001025835efsc:NoncoveredLoansMemberus-gaap:PassMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2023-12-310001025835efsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMemberus-gaap:SpecialMentionMember2023-12-310001025835us-gaap:SubstandardMemberefsc:NoncoveredLoansMemberefsc:CommercialRealEstateOwnerOccupiedFinancingReceivableMember2023-12-310001025835us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2023-12-310001025835us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMember2023-12-310001025835efsc:ConsumerAndOtherPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2023-12-310001025835us-gaap:NonperformingFinancingReceivableMemberefsc:ConsumerAndOtherPortfolioSegmentMember2023-12-310001025835us-gaap:PerformingFinancingReceivableMember2023-12-310001025835us-gaap:NonperformingFinancingReceivableMember2023-12-310001025835us-gaap:CommitmentsToExtendCreditMember2024-03-310001025835us-gaap:CommitmentsToExtendCreditMember2023-12-310001025835us-gaap:StandbyLettersOfCreditMember2024-03-310001025835us-gaap:StandbyLettersOfCreditMember2023-12-310001025835efsc:FixedRateLoanCommitmentMemberus-gaap:CommitmentsToExtendCreditMember2024-03-310001025835efsc:FixedRateLoanCommitmentMemberus-gaap:CommitmentsToExtendCreditMember2023-12-310001025835efsc:UnadvancedCommitmentOnImpairedLoanMember2024-03-310001025835efsc:UnadvancedCommitmentOnImpairedLoanMember2023-12-310001025835srt:MinimumMemberus-gaap:StandbyLettersOfCreditMember2024-01-012024-03-310001025835srt:MaximumMemberus-gaap:StandbyLettersOfCreditMember2024-01-012024-03-310001025835us-gaap:CashFlowHedgingMemberefsc:CashFlowHedge1Member2024-03-310001025835efsc:CashFlowHedge2Memberus-gaap:CashFlowHedgingMember2024-03-310001025835efsc:CashFlowHedge3Memberus-gaap:CashFlowHedgingMember2024-03-310001025835efsc:PrimeBasedInterestRateCollarMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-03-310001025835efsc:PrimeBasedInterestRateCollarMemberus-gaap:DesignatedAsHedgingInstrumentMembersrt:MinimumMember2024-03-310001025835efsc:PrimeBasedInterestRateCollarMemberus-gaap:DesignatedAsHedgingInstrumentMembersrt:MaximumMember2024-03-310001025835us-gaap:SubordinatedDebtMemberus-gaap:CashFlowHedgingMember2024-03-310001025835efsc:CashFlowHedge4Memberus-gaap:CashFlowHedgingMember2024-03-310001025835efsc:CashFlowHedge5Memberus-gaap:CashFlowHedgingMember2024-03-310001025835srt:ScenarioForecastMemberus-gaap:InterestExpenseMemberus-gaap:CashFlowHedgingMember2024-04-012025-03-310001025835srt:ScenarioForecastMemberus-gaap:InterestIncomeMemberus-gaap:CashFlowHedgingMember2024-04-012025-03-310001025835us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:OtherAssetsMember2024-03-310001025835us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMemberus-gaap:OtherAssetsMember2023-12-310001025835us-gaap:OtherLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2024-03-310001025835us-gaap:OtherLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:InterestRateSwapMember2023-12-310001025835efsc:InterestRateCollarMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMember2024-03-310001025835efsc:InterestRateCollarMemberus-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMember2023-12-310001025835efsc:InterestRateCollarMemberus-gaap:OtherLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2024-03-310001025835efsc:InterestRateCollarMemberus-gaap:OtherLiabilitiesMemberus-gaap:DesignatedAsHedgingInstrumentMember2023-12-310001025835us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMember2024-03-310001025835us-gaap:DesignatedAsHedgingInstrumentMemberus-gaap:OtherAssetsMember2023-12-310001025835us-gaap:DesignatedAsHedgingInstrumentMember2024-03-310001025835us-gaap:DesignatedAsHedgingInstrumentMember2023-12-310001025835us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMemberus-gaap:OtherAssetsMember2024-03-310001025835us-gaap:InterestRateSwapMemberus-gaap:NondesignatedMemberus-gaap:OtherAssetsMember2023-12-310001025835us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2024-03-310001025835us-gaap:OtherLiabilitiesMemberus-gaap:InterestRateSwapMemberus-gaap:NondesignatedMember2023-12-310001025835us-gaap:NondesignatedMember2024-03-310001025835us-gaap:NondesignatedMember2023-12-310001025835us-gaap:InterestRateSwapMember2024-03-310001025835efsc:InterestRateCollarMember2024-03-310001025835us-gaap:InterestRateSwapMember2023-12-310001025835efsc:InterestRateCollarMember2023-12-310001025835us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001025835us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001025835us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001025835us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-310001025835us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001025835us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001025835us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001025835us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-310001025835us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2024-03-310001025835us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2024-03-310001025835us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2024-03-310001025835us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2024-03-310001025835us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001025835us-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001025835us-gaap:FairValueInputsLevel3Memberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001025835us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-310001025835us-gaap:USTreasuryBillSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001025835us-gaap:USTreasuryBillSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001025835us-gaap:USTreasuryBillSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001025835us-gaap:USTreasuryBillSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-310001025835us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2024-03-310001025835us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001025835us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001025835us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-310001025835us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001025835us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001025835us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001025835us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001025835us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001025835us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001025835us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001025835us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001025835us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2023-12-310001025835us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2023-12-310001025835us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2023-12-310001025835us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:ResidentialMortgageBackedSecuritiesMember2023-12-310001025835us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001025835us-gaap:FairValueInputsLevel2Memberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001025835us-gaap:FairValueInputsLevel3Memberus-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001025835us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001025835us-gaap:USTreasuryBillSecuritiesMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001025835us-gaap:USTreasuryBillSecuritiesMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001025835us-gaap:USTreasuryBillSecuritiesMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001025835us-gaap:USTreasuryBillSecuritiesMemberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001025835us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FairValueInputsLevel1Member2023-12-310001025835us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001025835us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001025835us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001025835efsc:ImpairedLoansMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-310001025835us-gaap:FairValueInputsLevel1Memberefsc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-310001025835us-gaap:FairValueInputsLevel2Memberefsc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-310001025835us-gaap:FairValueInputsLevel3Memberefsc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-310001025835efsc:OtherRealEstateMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-310001025835efsc:OtherRealEstateMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-310001025835us-gaap:FairValueInputsLevel2Memberefsc:OtherRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-310001025835us-gaap:FairValueInputsLevel3Memberefsc:OtherRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-310001025835us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-310001025835us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-310001025835us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-310001025835us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-310001025835efsc:ImpairedLoansMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001025835us-gaap:FairValueInputsLevel1Memberefsc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001025835us-gaap:FairValueInputsLevel2Memberefsc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001025835us-gaap:FairValueInputsLevel3Memberefsc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001025835efsc:OtherRealEstateMemberus-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001025835efsc:OtherRealEstateMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001025835us-gaap:FairValueInputsLevel2Memberefsc:OtherRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001025835us-gaap:FairValueInputsLevel3Memberefsc:OtherRealEstateMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001025835us-gaap:EstimateOfFairValueFairValueDisclosureMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001025835us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001025835us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001025835us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-310001025835us-gaap:CarryingReportedAmountFairValueDisclosureMember2024-03-310001025835us-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-310001025835us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-12-310001025835us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001025835us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-12-310001025835efsc:AOCIAccumulatedGainLossHeldToMaturitySecuritiesParentMember2023-12-310001025835us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-12-310001025835us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-01-012024-03-310001025835efsc:AOCIAccumulatedGainLossHeldToMaturitySecuritiesParentMember2024-01-012024-03-310001025835us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-01-012024-03-310001025835us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-03-310001025835efsc:AOCIAccumulatedGainLossHeldToMaturitySecuritiesParentMember2024-03-310001025835us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2024-03-310001025835us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-12-310001025835efsc:AOCIAccumulatedGainLossHeldToMaturitySecuritiesParentMember2022-12-310001025835us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2022-12-310001025835us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-01-012023-03-310001025835efsc:AOCIAccumulatedGainLossHeldToMaturitySecuritiesParentMember2023-01-012023-03-310001025835us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-01-012023-03-310001025835us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-03-310001025835efsc:AOCIAccumulatedGainLossHeldToMaturitySecuritiesParentMember2023-03-310001025835us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember2023-03-310001025835efsc:BankOwnedLifeInsuranceMember2024-01-012024-03-310001025835efsc:BankOwnedLifeInsuranceMember2023-01-012023-03-310001025835efsc:CommunityDevelopmentFeesMember2024-01-012024-03-310001025835efsc:CommunityDevelopmentFeesMember2023-01-012023-03-310001025835efsc:GainOnSaleOfMortgagesNetMember2024-01-012024-03-310001025835efsc:GainOnSaleOfMortgagesNetMember2023-01-012023-03-310001025835efsc:OtherMiscellaneousIncomeMember2024-01-012024-03-310001025835efsc:OtherMiscellaneousIncomeMember2023-01-012023-03-310001025835efsc:AmortizationExpenseMember2024-01-012024-03-310001025835efsc:AmortizationExpenseMember2023-01-012023-03-310001025835efsc:BankingExpensesMember2024-01-012024-03-310001025835efsc:BankingExpensesMember2023-01-012023-03-310001025835efsc:FDICAndOtherInsuranceMember2024-01-012024-03-310001025835efsc:FDICAndOtherInsuranceMember2023-01-012023-03-310001025835efsc:LoanLegalExpenseMember2024-01-012024-03-310001025835efsc:LoanLegalExpenseMember2023-01-012023-03-310001025835efsc:OutsideServicesMember2024-01-012024-03-310001025835efsc:OutsideServicesMember2023-01-012023-03-310001025835efsc:OtherExpensesMember2024-01-012024-03-310001025835efsc:OtherExpensesMember2023-01-012023-03-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549

 

 

For the quarterly period ended March 31, 2024.

For the transition period from ______ to ______

Commission file number 001-15373

___________________

 

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒  No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒  No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act)

Yes ☐  No ☒

 

As of April 24, 2024, the Registrant had 37,491,713 shares of outstanding common stock, $0.01 par value per share.

This document is also available through our website at http://www.enterprisebank.com.

 

The acronyms and abbreviations identified below are used in various sections of this Form 10-Q, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in Item 2 and the Condensed Consolidated Financial Statements and the Notes to Condensed Consolidated Financial Statements in Item 1 of this Form 10-Q.

Condensed Consolidated Balance Sheets (Unaudited)

Condensed Consolidated Statements of Income (Unaudited)

Condensed Consolidated Statements of Comprehensive Income (Unaudited)

Condensed Consolidated Statements of Shareholders’ Equity (Unaudited)

Condensed Consolidated Statements of Cash Flows (Unaudited)

 

The significant accounting policies used by the Company in the preparation of the condensed consolidated financial statements are summarized below:

Enterprise is a financial holding company that provides a full range of banking and wealth management services to individuals and corporate customers primarily located in Arizona, California, Florida, Kansas, Missouri, Nevada, and New Mexico through its banking subsidiary, Enterprise Bank & Trust.

Operating results for the three months ended March 31, 2024 are not necessarily indicative of the results that may be expected for any other interim period or for the year ending December 31, 2024. These financial statements should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as filed with the SEC.

The accompanying unaudited condensed consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with GAAP for interim financial information and pursuant to the rules and regulations of the SEC. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information presented not misleading. Except as disclosed herein, there has been no material change in the information disclosed in the Notes to Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

The condensed consolidated financial statements include the accounts of the Company and its subsidiaries, all of which are wholly owned. All intercompany accounts and transactions have been eliminated.

In the opinion of management, the consolidated financial statements contain all adjustments (consisting of normal recurring accruals) considered necessary for the fair presentation of the statements of financial position, results of operations, and cash flow for the interim periods.

FASB ASU 2022-03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. ASU 2022-03 was issued in June 2022 to (1) clarify the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security, (2) amend a related illustrative example, and (3) introduce new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The adoption of ASU 2022-03 did not have a material effect on the consolidated financial statements.

FASB ASU 2023-02, Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method. ASU 2023-02 was issued in March 2023 to allow reporting entities to consistently account for equity investments made primarily for the purpose of receiving income tax credits and other income tax benefits. If certain conditions are met, a reporting entity may elect to account for its tax equity investments by using the proportional amortization method regardless of the program from which it receives income tax credits, instead of only low-income-housing tax credit (“LIHTC”) structures. This amendment also eliminates certain LIHTC-specific guidance aligning the accounting with other equity investments in tax credit structures.

The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The adoption of ASU 2023-02 did not have a material effect on the consolidated financial statements.

FASB ASU 2023-07, Improvements to Reportable Segment Disclosures. ASU 2023-07 was issued in November 2023 to improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment disclosures. The amendments in this update require annual and interim disclosures on significant segment expenses that are regularly provided to the chief operating decision maker and require annual and interim disclosures on “other segment items” that comprise the difference between segment revenue less segment expense compared to the reported measure of segment profit or loss. In addition, the amendments will require all annual disclosures that are currently required to be reported on an interim basis and requires disclosure of the title and position of the chief operating decision maker and how that position uses the information to assess segment performance and the allocation of resources. ASU 2023-07 also requires entities that have a single reportable segment, such as the Company, to provide all disclosures required in this update and the existing segment disclosures in Topic 280. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. The Company is evaluating the accounting and disclosure requirements of ASU 2023-07 and does not expect them to have a material effect on the consolidated financial statements.

FASB ASU 2023-09, Income Tax Disclosures. ASU 2023-09 was issued in December 2023 to require annual disclosures on specific categories in the income tax rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold. Annual disclosures are required on income taxes paid, including the amounts paid for federal, state and foreign taxes and the amount paid in individual jurisdictions if the amount is equal to or greater than 5% of total income taxes paid (net of refunds received). Additional annual disclosures are required on pre-tax income from continuing operations and income tax expense, disaggregated by domestic and foreign amounts. The amendments in this update are effective for fiscal years beginning after December 15, 2024. The Company is evaluating the accounting and disclosure requirements of ASU 2023-09 and does not expect them to have a material effect on the consolidated financial statements.

Basic earnings per common share data is calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per common share gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method.

The following table presents a summary of per common share data and amounts for the periods indicated.

For the three months ended March 31, 2024 and 2023, common stock equivalents of approximately 581,000 and 311,000, respectively, were excluded from the earnings per share calculations because their effect would have been anti-dilutive.

The following tables present the amortized cost, gross unrealized gains and losses, allowance for credit losses and fair value of securities available for sale and held to maturity: