Provident State Bank, Inc. in city_name, state_name - Detailed Financial Reports, Location

Provident State Bank, Inc. in Preston, Maryland (MD)
Show street view No street view available for this location

Provident State Bank, Inc. routing number info

Provident State Bank, Inc. - Overview

General
FDIC Certificate #: 8813
Status: Active
Federal Reserve ID: 169327
Bank Holding Company (Regulatory Top Holder): Psb Holding Corp. (RSSDID: 2496269, Location: Preston, MD)
Date Established: January 01, 1904
WWW: http://www.psbinc.net
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 9 (Domestic: 9, Interstate: No)
OTS Docket #: 12215
FDIC's unique #: 5615
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 312 Main Street, Preston, MD 21655
County: Caroline
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Baltimore
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
History of Changes
Corrections
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $256.4 mil
Equity capital: $22.3 mil
Deposits held in domestic offices: $213.8 mil
Return on assets (ROA): 0.68% ($1.7 mil)
Quarterly return on assets: 0.54% ($1.4 mil)
Return on Equity (ROE): 8.21% ($1.8 mil)
Quarterly return on equity: 6.23% ($1.4 mil)
Net income: $1.8 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.03% ($2,641.4 mil)
Quarterly Pretax return on assets: 1.06% ($2,718.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
78Total employees (full-time equivalent)
$256,444Total assets
$8,950Cash and due from depository institutions
$6Interest-bearing balances
$47,697Securities
$1,807Federal funds sold & reverse repurchase agreements
$183,712Net loans & leases
$1,840Loan loss allowance
$0Trading account assets
$8,444Bank premises and fixed assets
$1,376Other real estate owned
$0Goodwill and other intangibles
$256,444Life insurance assets
$4,458All other assets
$234,150Total liabilities and capital
$213,789Total liabilities
$169,587Total deposits
$213,789Interest-bearing deposits
$98Deposits held in domestic offices
4523.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$15,000Trading liabilities
$0Other borrowed funds
$838Subordinated debt
$22,294All other liabilities
$22,294Total equity capital
$22,294Total bank equity capital
$0Perpetual preferred stock
$2,000Common stock
$3,000Surplus
$17,294Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5,006Income earned, not collected on loans
$0Earning assets
$1,361Long-term assets (5+ years)
$233,222Average Assets, year-to-date
$89,348Average Assets, quarterly
$258,366Volatile liabilities
$258,091Insider loans
$203,607FHLB advances
$260,252Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$22,094Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$17,662Restructured Loans and leases
$10,390Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$12,458Total interest income
$3,186Total interest expense
$9,272Net interest income
$500Provision for loan and lease losses
$1,382Total noninterest income
$0Fiduciary activities
$622Service charges on deposit accounts
$0Trading account gains & fees
$760Additional noninterest income
$7,567Total noninterest expense
$4,092Salaries and employee benefits
$1,014Premises and equipment expense
$2,461Additional noninterest expense
$2,587Pre-tax net operating income
$72Securities gains (losses)
$903Applicable income taxes
$1,756Income before extraordinary items
$0Extraordinary gains - net
$1,756Net income attributable to bank
$0Net charge-offs
$1,756Cash dividends
$219Sale, conversion, retirement of capital stock, net
$533Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.31%Yield on earning assets
1.36%Cost of funding earning assets
3.95%Net interest margin
0.59%Noninterest income to earning assets
3.22%Noninterest expense to earning assets
0.66%Net operating income to assets
0.68%Return on assets (ROA)
1.03%Pretax return on assets
8.21%Return on equity (ROE)
5.72%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
228.31%Credit loss provision to net charge-offs
14.10%Efficiency ratio
71,025Assets per employee
3.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
30.35%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
36.76%Noncurrent assets plus other real estate owned to assets
2.74%Noncurrent loans to loans
2.70%Net loans and leases to deposits
85.93%Net loans and leases to core deposits
88.55%Equity capital to assets
8.69%Core capital (leverage) ratio
8.49%Tier 1 risk-based capital ratio
10.85%Total risk-based capital ratio
Memoranda
$12Average assets
$258,366Average earning assets
$21,397Average equity
$234,756Average loans

List of branches

9 Maryland Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	5615	Provident State Bank, Inc.	312 Main Street, Preston, MD 21655	January 01, 1904	Full Service Brick and Mortar
1	219030	Secretary Branch	141 Main Street, Secretary, MD 21664	August 16, 1971	Full Service Brick and Mortar
2	219031	Denton Branch	209 Franklin Street, Denton, MD 21629	November 09, 1984	Full Service Brick and Mortar
3	219032	Federalsburg Branch	325 Bloomingdale Ave, Federalsburg, MD 21632	October 19, 1988	Full Service Brick and Mortar
4	219033	Cambridge Branch	530 Poplar Street, Cambridge, MD 21613	December 01, 1997	Full Service Brick and Mortar
5	219034	Ridgely Branch	1 West Belle Street, Ridgely, MD 21660	March 16, 1998	Full Service Brick and Mortar
6	365177	Hurlock Branch	4440 Hurlock East New Market Rd, Hurlock, MD 21643	November 05, 2001	Full Service Brick and Mortar
7	442292	Denton Plaza Branch	39 Denton Plaza, Denton, MD 21629	October 12, 2004	Full Service Retail
8	461001	Easton Branch	8133 Elliott Road, Easton, MD 21601	March 07, 2007	Full Service Brick and Mortar

Provident State Bank, Inc. in Preston, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Provident State Bank, Inc. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Provident State Bank, Inc. in Preston, Maryland (MD)Overview, Financial Summary, Detailed Financial Reports, Branches

Provident State Bank, Inc. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Provident State Bank, Inc. in Preston, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches