Sheridan State Bank in Sheridan, Illinois (IL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Sheridan State Bank - Overview

  • General
  • FDIC Certificate #: 16569
    Status: Active
    Federal Reserve ID: 523648
    Bank Holding Company (Regulatory Top Holder): Granville Bancshares, Inc. (RSSDID: 1206171, Location: Granville, IL)
    Date Established: May 03, 1947
    WWW: http://www.sheridanbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 10716
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: 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: May 03, 1947
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 130 West Main Street, Sheridan, IL 60551
    County: La Salle
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Princeton
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Ottawa-Streator, IL (#36860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $26.5 mil
    Equity capital: $3.4 mil
    Deposits held in domestic offices: $23.0 mil
    Return on assets (ROA): 0.68% ($0.2 mil)
    Quarterly return on assets: 0.60% ($0.2 mil)
    Return on Equity (ROE): 5.21% ($0.2 mil)
    Quarterly return on equity: 4.67% ($0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 1.01% ($267.6 mil)
    Quarterly Pretax return on assets: 0.92% ($243.8 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
  • 8Total employees (full-time equivalent)
  • $26,497Total assets
  • $6,745Cash and due from depository institutions
  • $2,187Interest-bearing balances
  • $3,823Securities
  • $200Federal funds sold & reverse repurchase agreements
  • $14,615Net loans & leases
  • $154Loan loss allowance
  • $0Trading account assets
  • $97Bank premises and fixed assets
  • $0Other real estate owned
  • $774Goodwill and other intangibles
  • $26,497Life insurance assets
  • $243All other assets
  • $23,057Total liabilities and capital
  • $22,999Total liabilities
  • $18,949Total deposits
  • $22,999Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $58Subordinated debt
  • $3,440All other liabilities
  • $3,440Total equity capital
  • $3,440Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $1,974Surplus
  • $1,366Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $381Income earned, not collected on loans
  • $0Earning assets
  • $105Long-term assets (5+ years)
  • $20,825Average Assets, year-to-date
  • $6,569Average Assets, quarterly
  • $26,019Volatile liabilities
  • $26,883Insider loans
  • $13,790FHLB advances
  • $25,974Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,666Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,513Restructured Loans and leases
  • $326Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $890Total interest income
  • $125Total interest expense
  • $765Net interest income
  • $9Provision for loan and lease losses
  • $104Total noninterest income
  • $0Fiduciary activities
  • $70Service charges on deposit accounts
  • $0Trading account gains & fees
  • $34Additional noninterest income
  • $596Total noninterest expense
  • $423Salaries and employee benefits
  • $72Premises and equipment expense
  • $101Additional noninterest expense
  • $264Pre-tax net operating income
  • $0Securities gains (losses)
  • $88Applicable income taxes
  • $176Income before extraordinary items
  • $0Extraordinary gains - net
  • $176Net income attributable to bank
  • $0Net charge-offs
  • $176Cash dividends
  • $4Sale, conversion, retirement of capital stock, net
  • $55Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.38%Yield on earning assets
  • 0.61%Cost of funding earning assets
  • 3.76%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 0.68%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 5.21%Return on equity (ROE)
  • 3.58%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 225.00%Credit loss provision to net charge-offs
  • 68.25%Efficiency ratio
  • 68,585Assets per employee
  • 3.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.25%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 40.42%Noncurrent assets plus other real estate owned to assets
  • 1.44%Noncurrent loans to loans
  • 2.58%Net loans and leases to deposits
  • 63.55%Net loans and leases to core deposits
  • 64.25%Equity capital to assets
  • 12.98%Core capital (leverage) ratio
  • 10.26%Tier 1 risk-based capital ratio
  • 19.33%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $26,019Average earning assets
  • $3,378Average equity
  • $20,333Average loans

List of branches

  • 1 Illinois Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010716Sheridan State Bank130 West Main Street, Sheridan, IL 60551May 03, 1947Full Service Brick and Mortar

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