Sharon State Bank in Sharon, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 02, 1995

  • Sharon State Bank in Sharon, Wisconsin (WI)
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Sharon State Bank - Overview

  • General
  • FDIC Certificate #: 13238
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: M&I Bank of Delavan (#15180)
    Federal Reserve ID: 334143
    Date Established: December 14, 1874
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 8374
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 02, 1995
    Last Structure Change Process Date: July 17, 1995
    Last Data Update: July 17, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 114 Plain Street, Sharon, WI 53585
    County: Walworth
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Milwaukee
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Whitewater, WI (#48580)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $18.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $4Total assets
  • $19,921Cash and due from depository institutions
  • $778Interest-bearing balances
  • $109Securities
  • $6,677Federal funds sold & reverse repurchase agreements
  • $656Net loans & leases
  • $11,556Loan loss allowance
  • $151Trading account assets
  • $0Bank premises and fixed assets
  • $8Other real estate owned
  • $0Goodwill and other intangibles
  • $246Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $19,921Total liabilities
  • $16,000Total deposits
  • $14,714Interest-bearing deposits
  • $13,143Deposits held in domestic offices
  • 14714.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $1,208Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $78Total equity capital
  • $78Total bank equity capital
  • $3,921Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $2,000Undivided profits
  • Memoranda
  • $1,821Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4Income earned, not collected on loans
  • $105Earning assets
  • $18,998Long-term assets (5+ years)
  • $5,360Average Assets, year-to-date
  • $19,376Average Assets, quarterly
  • $19,660Volatile liabilities
  • $2,056Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $20Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,921Total risk weighted assets
  • $11,344Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,569Total interest expense
  • $617Net interest income
  • $952Provision for loan and lease losses
  • $110Total noninterest income
  • $46Fiduciary activities
  • $0Service charges on deposit accounts
  • $39Trading account gains & fees
  • $0Additional noninterest income
  • $7Total noninterest expense
  • $205Salaries and employee benefits
  • $115Premises and equipment expense
  • $14Additional noninterest expense
  • $76Pre-tax net operating income
  • $683Securities gains (losses)
  • -$11Applicable income taxes
  • $208Income before extraordinary items
  • $464Extraordinary gains - net
  • $0Net income attributable to bank
  • $464Net charge-offs
  • $130Cash dividends
  • $164Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.38%Cost of funding earning assets
  • 3.29%Net interest margin
  • 5.08%Noninterest income to earning assets
  • 0.25%Noninterest expense to earning assets
  • 1.09%Net operating income to assets
  • 2.43%Return on assets (ROA)
  • 2.39%Pretax return on assets
  • 3.47%Return on equity (ROE)
  • 12.25%Retained earnings to average equity (YTD only)
  • 7.92%Net charge-offs to loans
  • 1.15%Credit loss provision to net charge-offs
  • 84.62%Efficiency ratio
  • 20,541Assets per employee
  • 4.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.34%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 3775.00%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 78.54%Net loans and leases to core deposits
  • 83.34%Equity capital to assets
  • 19.68%Core capital (leverage) ratio
  • 20.27%Tier 1 risk-based capital ratio
  • 34.56%Total risk-based capital ratio
  • Memoranda
  • $36Average assets
  • $19,376Average earning assets
  • $3,786Average equity
  • $18,731Average loans

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