Sheridan State Bank in Sheridan, Wyoming (WY)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 18, 2008

Sheridan State Bank in Sheridan, Wyoming (WY)
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Sheridan State Bank - Overview

General
FDIC Certificate #: 25048
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wells Fargo Bank, National Association (#3511)
Federal Reserve ID: 555658
Date Established: Febuary 03, 1984
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
FDIC's unique #: 17334
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: Febuary 03, 1984
Last Structure Change Effective Date: October 18, 2008
Last Structure Change Process Date: December 03, 2008
Last Data Update: December 03, 2008
Data Source Date: April 05, 2012
Location
Address: 424 North Main Street, Sheridan, WY 82801
County: Sheridan
Quarterly Banking Profile Region: San Francisco
FDIC Geographic Region: San Francisco
FDIC Supervisory Region: San Francisco
FDIC Field Office: Billings
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Sheridan, WY (#43260)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $192.4 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, 2007)

Dollar figures in thousands
42Total employees (full-time equivalent)
$162,546Total assets
$4,145Cash and due from depository institutions
$0Interest-bearing balances
$58,391Securities
$0Federal funds sold & reverse repurchase agreements
$87,175Net loans & leases
$1,011Loan loss allowance
$0Trading account assets
$9,867Bank premises and fixed assets
$0Other real estate owned
$1,347Goodwill and other intangibles
$0Life insurance assets
$1,621All other assets
$162,546Total liabilities and capital
$150,437Total liabilities
$148,761Total deposits
$130,235Interest-bearing deposits
$148,761Deposits held in domestic offices
0.00%% insured (estimated)
$1,150Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$526All other liabilities
$12,109Total equity capital
$12,109Total bank equity capital
$12,109Perpetual preferred stock
$0Common stock
$500Surplus
$4,814Undivided profits
Memoranda
$6,795Noncurrent loans and leases
$25,292Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7Earning assets
$0Long-term assets (5+ years)
$812Average Assets, year-to-date
$145,566Average Assets, quarterly
$16,176Volatile liabilities
$148,584Insider loans
$158,333FHLB advances
$24,392Loans and leases held for sale
$6,118Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,568Tier 2 risk-based capital
$1,276Total risk weighted assets
$25,292Total unused commitments
$0Restructured Loans and leases
$1,011Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$9,531Total interest income
$4,867Total interest expense
$4,664Net interest income
$102Provision for loan and lease losses
$727Total noninterest income
$0Fiduciary activities
$280Service charges on deposit accounts
$0Trading account gains & fees
$447Additional noninterest income
$2,476Total noninterest expense
$1,358Salaries and employee benefits
$315Premises and equipment expense
$803Additional noninterest expense
$2,813Pre-tax net operating income
$0Securities gains (losses)
$3Applicable income taxes
$2,810Income before extraordinary items
$0Extraordinary gains - net
$2,810Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$950Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.08%Yield on earning assets
3.62%Cost of funding earning assets
3.47%Net interest margin
0.54%Noninterest income to earning assets
1.84%Noninterest expense to earning assets
1.89%Net operating income to assets
1.89%Return on assets (ROA)
1.89%Pretax return on assets
25.99%Return on equity (ROE)
17.20%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
5100.00%Credit loss provision to net charge-offs
1457.50%Efficiency ratio
45,928Assets per employee
3.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
33.81%Loss allowance to loans
1.15%Loss allowance to noncurrent loans
14442.86%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.01%Net loans and leases to deposits
58.60%Net loans and leases to core deposits
69.45%Equity capital to assets
7.45%Core capital (leverage) ratio
6.56%Tier 1 risk-based capital ratio
9.46%Total risk-based capital ratio
Memoranda
$10Average assets
$148,584Average earning assets
$10,813Average equity
$134,586Average loans

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