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

The Sherwood State Bank is headquartered in Sherwood and is the 156th largest bank in the state of Ohio. It is also the 4,959th largest bank in the nation. It was established in 1945 and as of September of 2017, it had grown to 20 employees at 4 locations. The Sherwood State Bank has a C+ health rating.

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Health
C+
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
Employees20
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.42%
Return on Equity - YTD3.81%
Annual Interest Income$2.0MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$62.7MM$61.4MM
LoansQ3 2017vs Q3 2016$37.1MM$36.7MM
DepositsQ3 2017vs Q3 2016$54.3MM$52.9MM
Equity CapitalQ3 2017vs Q3 2016$7.2MM$7.2MM
Loan Loss AllowanceQ3 2017vs Q3 2016$392.00K$405.00K
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$1.7MM$774.00K
Real Estate OwnedQ3 2017vs Q3 2016$31.00K$93.00K
Rates
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* 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%--Christmas Club
0.03%--Club Account
0.03%--IRA Statement Savings
0.03%--Self-Directed IRA Savings
0.03%--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 $2,500 | 0.07% $2,500 - $25k | 0.10% $25k - $50k

The Sherwood State Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%*$2,500*-Super Now Checking
OTHER TIERS: 0.03% Up to $2,500
0.03%$750-Now Checking

The Sherwood State Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.30%$1k-48 Month CD
1.15%$1k-30 Month CD
0.80%$1k-25 Month CD
0.35%$1k-24 Month bump CD
0.35%$1k-13 Month CD
0.30%$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
1.31%$1k-48 Month IRA
0.50%$1k-30 Month IRA
0.20%$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