Sharon Savings Bank in Darby, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Sharon Savings Bank - Overview

  • General
  • FDIC Certificate #: 28793
    Status: Active
    Federal Reserve ID: 164377
    Date Established: January 01, 1873
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 2376
    FDIC's unique #: 41627
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: August 27, 1936
    Last Structure Change Effective Date: October 31, 2008
    Last Structure Change Process Date: December 04, 2008
    Last Data Update: December 04, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 9 Chester Pike, Darby, PA 19023
    County: Delaware
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Philadelphia, PA-NJ (#6160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Philadelphia, PA (#37964)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Name Change
  • Financial Summary
  • Total assets: $211.3 mil
    Equity capital: $22.0 mil
    Deposits held in domestic offices: $170.9 mil
    Return on assets (ROA): 0.47% ($1.0 mil)
    Quarterly return on assets: 0.42% ($0.9 mil)
    Return on Equity (ROE): 4.62% ($1.0 mil)
    Quarterly return on equity: 4.03% ($0.9 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.74% ($1,564.0 mil)
    Quarterly Pretax return on assets: 0.64% ($1,352.6 mil)

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 44Total employees (full-time equivalent)
  • $211,350Total assets
  • $40,358Cash and due from depository institutions
  • $37,279Interest-bearing balances
  • $68,592Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $88,891Net loans & leases
  • $412Loan loss allowance
  • $0Trading account assets
  • $4,198Bank premises and fixed assets
  • $130Other real estate owned
  • $0Goodwill and other intangibles
  • $211,350Life insurance assets
  • $9,181All other assets
  • $189,368Total liabilities and capital
  • $170,859Total liabilities
  • $164,513Total deposits
  • $170,859Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,600Trading liabilities
  • $0Other borrowed funds
  • $909Subordinated debt
  • $21,982All other liabilities
  • $21,982Total equity capital
  • $21,982Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $21,982Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $394Income earned, not collected on loans
  • $0Earning assets
  • $900Long-term assets (5+ years)
  • $194,762Average Assets, year-to-date
  • $100,913Average Assets, quarterly
  • $219,026Volatile liabilities
  • $213,645Insider loans
  • $125,351FHLB advances
  • $214,009Loans and leases held for sale
  • $5,167Unused loan commitments
  • $3,412Tier 1 (core) risk-based capital
  • $21,321Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,755Total unused commitments
  • $3,928Restructured Loans and leases
  • $1,692Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,137Total interest income
  • $2,913Total interest expense
  • $6,224Net interest income
  • $147Provision for loan and lease losses
  • $437Total noninterest income
  • $0Fiduciary activities
  • $210Service charges on deposit accounts
  • $0Trading account gains & fees
  • $227Additional noninterest income
  • $4,901Total noninterest expense
  • $2,731Salaries and employee benefits
  • $618Premises and equipment expense
  • $1,552Additional noninterest expense
  • $1,613Pre-tax net operating income
  • $0Securities gains (losses)
  • $586Applicable income taxes
  • $1,027Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,027Net income attributable to bank
  • $0Net charge-offs
  • $1,027Cash dividends
  • $74Sale, conversion, retirement of capital stock, net
  • $148Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.54%Yield on earning assets
  • 1.45%Cost of funding earning assets
  • 3.09%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 2.44%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 4.62%Return on equity (ROE)
  • 3.96%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 198.65%Credit loss provision to net charge-offs
  • 23.78%Efficiency ratio
  • 73,578Assets per employee
  • 4.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.41%Loss allowance to loans
  • 0.46%Loss allowance to noncurrent loans
  • 104.57%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 52.03%Net loans and leases to core deposits
  • 52.71%Equity capital to assets
  • 10.40%Core capital (leverage) ratio
  • 9.96%Tier 1 risk-based capital ratio
  • 17.01%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $219,026Average earning assets
  • $22,219Average equity
  • $201,225Average loans

List of branches

  • 5 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041627Sharon Savings Bank9 Chester Pike, Darby, PA 19023January 01, 1873Full Service Brick and Mortar
    100270605Springfield & Brookside Roads BranchSpringfield & Brookside Roads, Springfield, PA 19064January 01, 1873Full Service Brick and Mortar
    102270607Valley View Shopping Center Branch3480 Pennell Road, Aston, PA 19014August 01, 1995Full Service Brick and Mortar
    10343356119th And South Streets Branch1900-02 South Street, Philadelphia, PA 19146November 01, 2004Full Service Brick and Mortar
    10442559Morton Savings Bank Branch25 South Morton Avenue, Morton, PA 19070January 01, 1885Full Service Brick and Mortar

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