The Sherwood State Bank in Sherwood, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Sherwood State Bank - Overview

  • General
  • FDIC Certificate #: 16222
    Status: Active
    Federal Reserve ID: 546320
    Bank Holding Company (Regulatory Top Holder): Sherwood Banc Corporation (RSSDID: 2705680, Location: Sherwood, OH)
    Date Established: January 08, 1945
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 9776
    FDIC's unique #: 10421
    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: January 08, 1945
    Last Structure Change Effective Date: January 04, 2012
    Last Structure Change Process Date: January 04, 2012
    Last Data Update: January 04, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 105 North Harrison Street, Sherwood, OH 43556
    County: Defiance
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Cincinnati
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Defiance, OH (#19580)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $50.8 mil
    Equity capital: $4.9 mil
    Deposits held in domestic offices: $43.0 mil
    Return on assets (ROA): 0.51% ($0.3 mil)
    Quarterly return on assets: 1.12% ($0.6 mil)
    Return on Equity (ROE): 5.36% ($0.3 mil)
    Quarterly return on equity: 11.42% ($0.6 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.56% ($284.7 mil)
    Quarterly Pretax return on assets: 1.46% ($742.3 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
  • 22Total employees (full-time equivalent)
  • $50,842Total assets
  • $2,501Cash and due from depository institutions
  • $85Interest-bearing balances
  • $13,578Securities
  • $1,149Federal funds sold & reverse repurchase agreements
  • $31,039Net loans & leases
  • $523Loan loss allowance
  • $0Trading account assets
  • $881Bank premises and fixed assets
  • $184Other real estate owned
  • $0Goodwill and other intangibles
  • $50,842Life insurance assets
  • $1,510All other assets
  • $45,941Total liabilities and capital
  • $43,036Total liabilities
  • $37,489Total deposits
  • $43,036Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,713Trading liabilities
  • $0Other borrowed funds
  • $192Subordinated debt
  • $4,901All other liabilities
  • $4,901Total equity capital
  • $4,901Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $2,050Surplus
  • $2,351Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $846Income earned, not collected on loans
  • $0Earning assets
  • $213Long-term assets (5+ years)
  • $45,851Average Assets, year-to-date
  • $15,908Average Assets, quarterly
  • $48,859Volatile liabilities
  • $49,676Insider loans
  • $33,706FHLB advances
  • $49,998Loans and leases held for sale
  • $561Unused loan commitments
  • $561Tier 1 (core) risk-based capital
  • $4,690Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,547Restructured Loans and leases
  • $968Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,575Total interest income
  • $474Total interest expense
  • $2,101Net interest income
  • $406Provision for loan and lease losses
  • $269Total noninterest income
  • $0Fiduciary activities
  • $164Service charges on deposit accounts
  • $0Trading account gains & fees
  • $105Additional noninterest income
  • $1,821Total noninterest expense
  • $885Salaries and employee benefits
  • $229Premises and equipment expense
  • $707Additional noninterest expense
  • $143Pre-tax net operating income
  • $130Securities gains (losses)
  • $23Applicable income taxes
  • $250Income before extraordinary items
  • $0Extraordinary gains - net
  • $250Net income attributable to bank
  • $0Net charge-offs
  • $250Cash dividends
  • $379Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.83%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 4.76%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 4.13%Noninterest expense to earning assets
  • 0.27%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.56%Pretax return on assets
  • 5.36%Return on equity (ROE)
  • 5.36%Retained earnings to average equity (YTD only)
  • 1.20%Net charge-offs to loans
  • 107.12%Credit loss provision to net charge-offs
  • 1.45%Efficiency ratio
  • 76,835Assets per employee
  • 2.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 61.82%Noncurrent assets plus other real estate owned to assets
  • 2.03%Noncurrent loans to loans
  • 2.68%Net loans and leases to deposits
  • 72.12%Net loans and leases to core deposits
  • 73.73%Equity capital to assets
  • 9.64%Core capital (leverage) ratio
  • 9.38%Tier 1 risk-based capital ratio
  • 13.91%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $48,859Average earning assets
  • $4,668Average equity
  • $44,143Average loans

List of branches

  • 3 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010421The Sherwood State Bank105 North Harrison Street, Sherwood, OH 43556January 08, 1945Full Service Brick and Mortar
    1358524Defiance Branch400 Third Street, Defiance, OH 43512August 22, 2000Full Service Brick and Mortar
    2359905Ridgeville Corners Branch20478 Us Highway 6, Ridgeville Corners, OH 43555March 23, 2001Full Service Brick and Mortar

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