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

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
    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
  • NoIDNameAddressEstablishedService TypeMap
    05615Provident State Bank, Inc.312 Main Street, Preston, MD 21655January 01, 1904Full Service Brick and Mortar
    1219030Secretary Branch141 Main Street, Secretary, MD 21664August 16, 1971Full Service Brick and Mortar
    2219031Denton Branch209 Franklin Street, Denton, MD 21629November 09, 1984Full Service Brick and Mortar
    3219032Federalsburg Branch325 Bloomingdale Ave, Federalsburg, MD 21632October 19, 1988Full Service Brick and Mortar
    4219033Cambridge Branch530 Poplar Street, Cambridge, MD 21613December 01, 1997Full Service Brick and Mortar
    5219034Ridgely Branch1 West Belle Street, Ridgely, MD 21660March 16, 1998Full Service Brick and Mortar
    6365177Hurlock Branch4440 Hurlock East New Market Rd, Hurlock, MD 21643November 05, 2001Full Service Brick and Mortar
    7442292Denton Plaza Branch39 Denton Plaza, Denton, MD 21629October 12, 2004Full Service Retail
    8461001Easton Branch8133 Elliott Road, Easton, MD 21601March 07, 2007Full Service Brick and Mortar

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