The Bank Of Sharon
Chattanooga, TN — Domestic Branch of a Domestic Bank
Acquired Jan 2003
Vitals
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Total Assets143.8M
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Total Deposits117.6M
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Total Net Loans100.3M
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Net Income1.0M
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Book Value13.0M
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Book Value x226.0M
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Book Value x339.0M
Balance Sheet Highlights
Financial Highlights | The Bank Of Sharon | All Insured Commercial Banks in Tennessee |
Balance Sheet $(000) | ||
Total Assets | 143,822 | 150,240 |
Total Net Loans | 100,287 | 96,127 |
Total Deposits | 117,626 | 124,418 |
Total Equity | 12,996 | 14,950 |
Profitability | ||
Net Income | 1,011 | 9,836 |
Return on Average Assets | .71 | 1.189 |
Return on Average Equity | 8.148 | 11.689 |
Net Interest Margin | 3.551 | 4.47 |
Efficiency Ratio | 69.362 | 65.163 |
Noninterest Income/Revenue | 13.15 | 12.459 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 85.259 | 74.797 |
Securities/Assets | .149 | .856 |
Total Equity/Total Assets | .09 | .1 |
Tangible Equity/Tangible Assets | .09 | -.697 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 12,576 | 14,094 |
Tier 2 Capital | 1,013 | 1,185 |
Total Capital | 13,589 | 15,323 |
Total Risk Weighted Assets | 115,722 | 102,137 |
Leverage Ratio | 8.82 | 9.986 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 10.87 | 15.182 |
Total Capital Ratio | 11.74 | 16.361 |
Timeline for The Bank Of Sharon
First State Bank
The Bank Of Sharon was acquired by First State Bank 21 years
View Profile Jan 25 2003American Holdings Investments, Inc
American Holdings Investments, Inc became a new subsidiary organization for The Bank Of Sharon.
View Profile Jul 23 1999Fleetone Factoring, Inc.
Fleetone Factoring, Inc. became a new subsidiary organization for The Bank Of Sharon.
View Profile Oct 20 1998Simmons First Finance Company
Simmons First Finance Company became a new subsidiary organization for The Bank Of Sharon.
View Profile Feb 03 1997Bankers Mortgage Company
Bankers Mortgage Company became a new subsidiary organization for The Bank Of Sharon.
View Profile Sep 30 1995Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
First State Bank | Buyer | 1,900,083 | Pooling of Interests | Discontinued | 1/25/2003 |
Relationships | Role | Relationship Start | Relationship End |
Community First Bancshares, Inc. | Parent | 10/18/1986 | 1/24/2003 |
Bankers Mortgage Company | Subsidary | 9/1/2001 | 1/24/2003 |
Simmons First Finance Company | Subsidary | 9/1/2001 | 1/24/2003 |
American Holdings Investments, Inc | Subsidary | 12/31/2000 | 1/24/2003 |
Bankers Mortgage Company | Subsidary | 12/31/2000 | 8/31/2001 |
Simmons First Finance Company | Subsidary | 12/31/2000 | 8/31/2001 |
Bankers Mortgage Company | Subsidary | 7/22/1999 | 12/30/2000 |
Simmons First Finance Company | Subsidary | 7/22/1999 | 12/30/2000 |
American Holdings Investments, Inc | Subsidary | 7/23/1999 | 12/30/2000 |
Fleetone Factoring, Inc. | Subsidary | 7/22/1999 | 3/31/2000 |
Bankers Mortgage Company | Subsidary | 9/30/1995 | 7/21/1999 |
Simmons First Finance Company | Subsidary | 2/3/1997 | 7/21/1999 |
Fleetone Factoring, Inc. | Subsidary | 10/20/1998 | 7/21/1999 |
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