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
No
ID
Name
Address
Established
Service Type
Map
0
10716
Sheridan State Bank
130 West Main Street, Sheridan, IL 60551
May 03, 1947
Full Service Brick and Mortar
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