The Sherwood State Bank is headquartered in SHERWOOD and is the 137^th largest bank in the state of Ohio. It is also the 3,845^th largest bank in the nation. It was established in 1945 and as of September of 2024, it had grown to 27 employees at 4 locations. The Sherwood State Bank has a B+ health rating.

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Health

B+

Data as of Q3 2024

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. The Sherwood State Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #	16222
Year Established	1945
Employees	27
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.29%
Return on Equity - YTD	2.49%
Annual Interest Income	$3.7MM

Assets and Liabilities
Assets	Q3 2024vs Q3 2023	$99MM$93.3MM
Loans	Q3 2024vs Q3 2023	$71.9MM$66.1MM
Deposits	Q3 2024vs Q3 2023	$79.7MM$75.3MM
Equity Capital	Q3 2024vs Q3 2023	$11.4MM$10.4MM
Loan Loss Allowance	Q3 2024vs Q3 2023	$924K$830K
Unbacked Noncurrent Loans	Q3 2024vs Q3 2023	$2.1MM$1.5MM
Real Estate Owned	Q3 2024vs Q3 2023	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.80%

Our Rating

4.2 / 5

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Rates

Rates for The Sherwood State Bank are currently being reviewed.

Locations

The Sherwood State Bank Locations
The Sherwood State Bank	105 N Harrison St	Sherwood, OH 43556
Ridgeville Corners Branch	20478 US Highway 6	Ridgeville Corners, OH 43555
Defiance Branch	400 Third Street	Defiance, OH 43512
Fayette Branch	121 W Main St	Fayette, OH 43521

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