Overview / Commentary
419-899-2111
105 North Harrison Street
Sherwood, OH 43556

The Sherwood State Bank is headquartered in Sherwood and is the 152nd largest bank in the state of Ohio. It is also the 4,755th largest bank in the nation. It was established in 1945 and as of June of 2018, it had grown to 25 employees at 4 locations. The Sherwood State Bank has a C health rating.

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Health
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 Established1945
Employees25
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD4%
Annual Interest Income$1.4MM
Assets and Liabilities
AssetsQ2 2018vs Q2 2017$65.4MM$63.4MM
LoansQ2 2018vs Q2 2017$43.0MM$37.2MM
DepositsQ2 2018vs Q2 2017$54.1MM$55.1MM
Equity CapitalQ2 2018vs Q2 2017$7.0MM$7.1MM
Loan Loss AllowanceQ2 2018vs Q2 2017$456.00K$381.00K
Unbacked Noncurrent LoansQ2 2018vs Q2 2017$1.9MM$1.5MM
Real Estate OwnedQ2 2018vs Q2 2017$0$61.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not The Sherwood State Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The Sherwood State Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%$50-Statement Savings
0.03%--Health Savings Account
0.03%$1-Christmas Club
0.03%$1-Club Account
0.03%--IRA Statement Savings
0.03%--Self-Directed IRA Savings
0.03%$10-Youth Statement Savings

The Sherwood State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$50k*-Community Advantage Money Market Savings
OTHER TIERS: 0.07% Up to $5k | 0.10% $5k - $25k | 0.12% $25k - $50k
0.17%*$50k*-Money Market Savings
OTHER TIERS: 0.05% Up to $2.5k | 0.07% $2.5k - $25k | 0.10% $25k - $50k

The Sherwood State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$2.5k*-Super Now Checking
OTHER TIERS: 0.03% Up to $2.5k
0.03%$750-Now Checking

The Sherwood State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.26%$1k-48 Month CD
2.16%$1k-25 Month CD
1.25%$1k-30 Month CD
0.50%$1k-24 Month bump CD
0.50%$1k-13 Month CD
0.40%$1k-18 Month CD
0.20%$1k-12 Month CD
0.08%$1k-182 Day CD

The Sherwood State Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.27%$1k-48 Month IRA
1.00%$1k-30 Month IRA
0.50%$1k-12 Month IRA
Locations


The Sherwood State Bank Locations
The Sherwood State Bank105 North Harrison StreetSherwood, OH 43556
Ridgeville Corners Branch20478 US Highway 6Ridgeville Corners, OH 43555
Defiance Branch400 Third StreetDefiance, OH 43512
Fayette Branch121 W Main StFayette, OH 43521

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