Sherman County Bank
Loup City, NE · Owner: Sherman County Management Inc
$135M
total assets, December 31, 2008
$135M
total assets, December 31, 2008
Sherman County Bank was a state nonmember bank in Loup City, NE, owned by Sherman County Management Inc. It failed on Feb 13, 2009, and Heritage Bank took over its deposits. At its last report it held $135.4 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2008
This bank failed
- Failed on
- Feb 13, 2009
- Assets
- $135M
- Deposits
- $90.6M
- Estimated cost
- $42.7M
- Deposits went to
- Heritage Bank, Wood River, NE
Total assets
$135M
+40.4% in a year · +21.6% in a quarter
Deposits
$90.6M
+30.5% in a year · +17.3% in a quarter
Loans
$108M
+63.6% in a year · +27.0% in a quarter
Profit so far
$297K
Jan 1 to Dec 31, 2008 · -70.8% in a year
Capital ratio
8.96%
-0.51 pts in a year
Return on assets
0.27%
-0.81 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 734 'O' Street, Loup City, NE, 68853
- County
- Sherman
- Holding company
- Sherman County Management Inc
- Established
- Jan 1, 1932
- Failed
- Feb 13, 2009
- Employees
- 30
- Branches
- 4
- Id
- b5431
Quarter by quarter
March 31, 1984 to December 31, 2008
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Sherman County Bank?
$135.4 million in total assets and $90.6 million in deposits as of December 31, 2008, with assets up 40.4% from a year before. Its loans were $108.2 million.
How many branches does Sherman County Bank have?
4 branches in Nebraska as of June 30, 2026.
Is Sherman County Bank profitable?
Yes: it earned $297,000 from January 1 to December 31, 2008 (down 70.8% from the same months a year before). Its return on assets was 0.27% a year; about 1% is typical.
Who owns Sherman County Bank?
Sherman County Bank is owned by Sherman County Management Inc, its holding company.
When did Sherman County Bank fail?
Feb 13, 2009. Heritage Bank of Wood River, NE took over its deposits. The estimated cost of the failure was $42.7 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.