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)
Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Sharon State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.