Institution Statistics
| Sharon Savings Bank | | FDIC Certificate # | 28793 | | BankRate Report | View | | Year Established | 1873 | | Employees | 44 | | Primary Regulator | FDIC |
Assets and Liabilities | | Assets | $215.35 million | | Loans | $87.30 million | | Deposits | $175.67 million | | Equity Capital | $22.71 million | | Loan Loss Allowance | $412,000 | | Unbacked Noncurrent Loans | $394,000 | | Real Estate Owned | $130,000 |
Historic Data - March 2011 | | Assets | $224.70 million | | Equity Capital | $22.22 million | | Loan Loss Allowance | $339,000 | | Unbacked Noncurrent Loans | $1.01 million | | Real Estate Owned | $185,000 |
Profit Margin - Quarterly | | Net Interest Margin | 2.9% | | Return on Assets | 0.35% | | Return on Equity | 3.35% | | Interest Income | $2.06 million |
|
|
Institution Health
Overall Score:
5 out of 5 
| Texas Ratio |  | | The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Sharon Savings Bank had $524,000 in non-current loans and owned real-estate with $23.12 million in equity and loan loss allowances on hand to cover it. This gives Sharon Savings Bank a Texas Ratio of 2.27% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Texas Ratio Trend | | | The Texas Ratio for Sharon Savings Bank decreased significantly from 5.29% as of March 31, 2011 to 2.27% as of March 31, 2012, resulting in a positive change of 57.12%.This indicates that the balance sheet and financial strength for Sharon Savings Bank has improved significantly in recent periods. | | Deposit Growth |  | | In the past year, Sharon Savings Bank has decreased its total deposits by -$8.04 million, resulting in -4.38% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Sharon Savings Bank has shown is below average. | | Capitalization |  | | Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Sharon Savings Bank has $215.35 million in assets with $23.12 million in equity, resulting in a capitalization level of 10.74%, which is above average. |
|
