First National Bank of Sheridan in Sheridan, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 31, 1998

  • First National Bank of Sheridan in Sheridan, Arkansas (AR)
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First National Bank of Sheridan - Overview

  • General
  • FDIC Certificate #: 22498
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Malvern National Bank (#14644)
    Federal Reserve ID: 184049
    Date Established: July 22, 1977
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 15688
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: July 22, 1977
    Last Structure Change Effective Date: October 31, 1998
    Last Structure Change Process Date: Febuary 03, 1999
    Last Data Update: Febuary 03, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 215 North Oak Street, Sheridan, AR 72150
    County: Grant
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Little Rock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Little Rock-North Little Rock-Pine Bluff, AR (#340)
    Core Based Statistical Area (CBSA): Little Rock-North Little Rock-Conway, AR (#30780)
    CBSA Metro Statistical Area: Little Rock-North Little Rock-Conway, AR (#30780)
  • Financial Summary
  • Total assets: $35.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 23Total employees (full-time equivalent)
  • $33,702Total assets
  • $1,263Cash and due from depository institutions
  • $0Interest-bearing balances
  • $11,279Securities
  • $2,500Federal funds sold & reverse repurchase agreements
  • $17,132Net loans & leases
  • $264Loan loss allowance
  • $0Trading account assets
  • $1,272Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $256All other assets
  • $33,702Total liabilities and capital
  • $30,758Total liabilities
  • $30,532Total deposits
  • $25,704Interest-bearing deposits
  • $30,532Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $226All other liabilities
  • $2,944Total equity capital
  • $2,944Total bank equity capital
  • $2,944Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $400Undivided profits
  • Memoranda
  • $2,144Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $213Earning assets
  • $0Long-term assets (5+ years)
  • $132Average Assets, year-to-date
  • $30,911Average Assets, quarterly
  • $8,522Volatile liabilities
  • $31,528Insider loans
  • $32,414FHLB advances
  • $4,426Loans and leases held for sale
  • $395Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,025Total unused commitments
  • $0Restructured Loans and leases
  • $19,152Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $2,389Total interest income
  • $1,028Total interest expense
  • $1,361Net interest income
  • $124Provision for loan and lease losses
  • $251Total noninterest income
  • $0Fiduciary activities
  • $205Service charges on deposit accounts
  • $0Trading account gains & fees
  • $46Additional noninterest income
  • $1,061Total noninterest expense
  • $465Salaries and employee benefits
  • $170Premises and equipment expense
  • $426Additional noninterest expense
  • $427Pre-tax net operating income
  • -$3Securities gains (losses)
  • $145Applicable income taxes
  • $279Income before extraordinary items
  • $0Extraordinary gains - net
  • $279Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $29Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.34%Yield on earning assets
  • 3.59%Cost of funding earning assets
  • 4.75%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 3.71%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 10.15%Return on equity (ROE)
  • 10.15%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 427.59%Credit loss provision to net charge-offs
  • 19.00%Efficiency ratio
  • 65,819Assets per employee
  • 1.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 123.94%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 1.22%Net loans and leases to deposits
  • 56.11%Net loans and leases to core deposits
  • 65.62%Equity capital to assets
  • 8.74%Core capital (leverage) ratio
  • 8.89%Tier 1 risk-based capital ratio
  • 15.00%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $31,528Average earning assets
  • $2,749Average equity
  • $28,633Average loans

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