# SHERIDAN STATE BANK
SHERIDAN, IL · FDIC certificate 16569 · asset band <$300M · latest filing 2015-12 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $30.7M | |
| Deposits | $26.8M | |
| Loans and leases | $18.3M | |
| Total equity | $3.9M | |
| Loans / deposits | 67.64% (p40 of band) | 73.15% |
| Liquid assets / assets | 37.46% (p60 of band) | |
| Uninsured deposits / deposits | 6.47% (p16 of band) | 14.12% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p17 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 10.41% (p46 of band) | 10.64% |
| Unrealized securities loss / equity | -0.49% (p19 of band) | 0.27% |
| AOCI / equity | 0.00% (p62 of band) | |
| ROA (annualized) | 0.66% (p38 of band) | 0.82% |
| Net interest margin | 3.09% (p21 of band) | 3.64% |
| Efficiency ratio | 68.00% (p36 of band) | |
| Noncurrent loans | 0.77% (p54 of band) | 0.67% |
| Net charge-offs (annualized) | 0.01% (p41 of band) | |
| Reserve coverage of noncurrent | 123.40% | |
| Real estate % of loans | 71% | |
| Construction % of loans | 10.25% (p40 of band) | |
| Auto loans | $844,000 (4.62% of loans; DQ 0.24%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 1.8% | |
| Employees | 7 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 1 | reserve under noncurrent |  |
| 2011-09 | 2 | capital falling |  |
| 2011-12 | 1 |  | capital falling |
| 2012-03 | 1 |  |  |
| 2012-06 | 2 | capital falling |  |
| 2012-09 | 2 |  |  |
| 2012-12 | 1 |  | capital falling |
| 2013-03 | 1 |  |  |
| 2013-06 | 1 |  |  |
| 2013-09 | 0 |  | reserve under noncurrent |
| 2013-12 | 0 |  |  |
| 2014-03 | 0 |  |  |
| 2014-06 | 0 |  |  |
| 2014-09 | 0 |  |  |
| 2014-12 | 0 |  |  |
| 2015-03 | 0 |  |  |
| 2015-06 | 1 | reserve under noncurrent |  |
| 2015-09 | 0 |  | reserve under noncurrent |
| 2015-12 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2008-01-15 [United Bancorporation of Wyoming, Wells Fargo Announce Definitive Agreement - WebWire](https://news.google.com/rss/articles/CBMiX0FVX3lxTFA2WDIzeHZ3RmQ3dkgyZWJ1bXk4WTlsSVd4OU1WMTVxenc2X0hMZXJuR2MyUVVpTWRnWFdYOUlNOHlibUxKU3QtdFZwMkhETkRUM0pQSHJqLVBfemE0RkFV?oc=5) · WebWire
- 2010-01-02 [Kenneth Dale Jones Obituary Jan 2, 2010 - Altogether Funeral](https://news.google.com/rss/articles/CBMivgFBVV95cUxPZnFvbHUwYWRwdzZ4aE5UNDBkdVVnSjJURFlxd043V2lQQXRtejFtU3p1dXRzWTlEM0dTLWp4TG9YQzE0aTVrcUs1SjkwNE91N2tncGY1WUswX2kxRFRaYkpnZVBiNXBFaTE1MDRCc3FMOW5TTjVwYkl2d1ZlZVJkM2U1WGlWMzh1SlR4dlFCRFUycm9LT1Q0cEhlQ29USWE1NFFFVEhpYmRqWVlFS2VQUWFxMUFIN1YzeF9MQ0d3?oc=5) · Altogether Funeral
- 2023-07-06 [Wayne Borchsenius Obituary (1921 - 2023) - Sheridan, IL - My Web Times - Legacy obituary](https://news.google.com/rss/articles/CBMilgFBVV95cUxNRmZKc2tsc3FXWGZNN3o2Z0VQQlJTM0tLWDhtMFFhNkcwSHhPX3VRT25TczN5N1M3RVJRcDY1LWt2eklzQVR1cWNpRXk5V29GOWU2OENlazd5WWJXWlBrdEgyVFlLS1o2anlXMzJrQ21QRVA0OFFmc1c3X3YwRDcybFlaY2JLdjI4aWxVdU02TmtaS3d0NEE?oc=5) · Legacy obituary

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=16569 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/57.json (key "16569", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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