This institution is no longer active

Operations ceased on January 27, 2003. CRA examination history below reflects the period it was active.

THE BANK OF SHARON

CHATTANOOGA, TN · Supervised by FDIC

Est. 1902FDIC #2,374RSSD: FDIC-2374

Part ofCOMMUNITY FIRST BANCSHARES INC→ View all charters

Outstanding Up

Current rating · Exam: September 1997

CompareWatch

At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 0.70%

Is this bank safe?

THE BANK OF SHARON earned an Outstanding CRA rating (1997), meets basic financial requirements (ROA +0.70%).

Institution Profile

FDIC BankFind

Address

7201 Shallowford Road, CHATTANOOGA, TN

County

Hamilton County

Established

December 1, 1902

Total Assets

$144M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

September 1, 1997

Exam Type

Small Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 28 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 2002Call Report / FDIC

Total Assets

$144M

Total Deposits

$118M

Net Loans

$100M

Net Income

$1M

ROA

0.70%

Above avg for Small banks. Peer avg: 0.44%

ROE

8.15%

Risk-Based Capital

11.74%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA0.70%Peer avg: 0.44%▲ Above avg

Risk-Based Capital11.74%Peer avg: 23.03%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Sep 1997	Outstanding	Small Bank
Oct 1994	Satisfactory	Not Reported
Nov 1992	Satisfactory	Not Reported

Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

Embed this rating

Copy this snippet to embed a live rating badge on your website:

<iframe
  src="https://bankscorer.com/widget/bank/the-bank-of-sharon"
  width="320"
  height="80"
  frameborder="0"
  scrolling="no"
  style="border:none"
></iframe>

Updates automatically when the rating changes.

Preview: