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Sharon Bank


Overview / Commentary
www.sharonbank.com
610-590-1262
900 W. Sproul Road, Suite 301
Springfield, PA 19064

Sharon Bank is headquartered in SPRINGFIELD and is the 109th largest bank in the state of Pennsylvania. It is also the 3,289th largest bank in the nation. It was established in 1873 and as of December of 2023, it had grown to 40 employees at 5 locations. Sharon Bank has an A health rating.

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Health
A

Data as of Q4 2023

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Health Grade Components

Overall
FDIC Certificate #28793
Year Established1873
Employees40
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.25%
Return on Equity - YTD2.73%
Annual Interest Income$7.8MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$166.4MM$163.3MM
LoansQ4 2023vs Q4 2022$121.1MM$117.8MM
DepositsQ4 2023vs Q4 2022$136.2MM$130.5MM
Equity CapitalQ4 2023vs Q4 2022$16MM$15.5MM
Loan Loss AllowanceQ4 2023vs Q4 2022$1.1MM$854K
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$164K$380K
Real Estate OwnedQ4 2023vs Q4 2022$744K$744K
Rates

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Locations


Sharon Bank Locations
19th and South Streets Branch1900-02 South StreetPhiladelphia, PA 19146
Valley View Shopping Center Branch3480 Pennell RoadAston, PA 19014
Sharon Savings Bank900 W Sproul RdSpringfield, PA 19064
Branch Office9 Chester Pike Darby, PA 19023

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