Provident State Bank, Inc. in Preston, Maryland (MD)

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Provident State Bank, Inc. routing number info

Table of contents:
Provident State Bank, Inc.
GeneralFDIC 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
LocationAddress: 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 ChangesCorrections
Change in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)78
Total assets$256,444
Cash and due from depository institutions$8,950
Interest-bearing balances$6
Federal funds sold & reverse repurchase agreements$1,807
Net loans & leases$183,712
Loan loss allowance $1,840
Trading account assets$0
Bank premises and fixed assets$8,444
Other real estate owned$1,376
Goodwill and other intangibles$0
All other assets$4,458
Life insurance assets$256,444
Total liabilities and capital$234,150
Total liabilities$213,789
Total deposits$169,587
Interest-bearing deposits$213,789
Deposits held in domestic offices$98
% insured (estimated)4523.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$15,000
Other borrowed funds $0
Subordinated debt $838
All other liabilities $22,294
Total equity capital$22,294
Total bank equity capital$22,294
Perpetual preferred stock$0
Common stock$2,000
Undivided profits $17,294
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $5,006
Earning assets $0
Long-term assets (5+ years) $1,361
Average Assets, year-to-date $233,222
Average Assets, quarterly $89,348
Volatile liabilities $258,366
Insider loans $258,091
FHLB advances $203,607
Loans and leases held for sale $260,252
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $22,094
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $17,662
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,458
Total interest expense $3,186
Net interest income $9,272
Provision for loan and lease losses $500
Total noninterest income $1,382
Fiduciary activities $0
Service charges on deposit accounts $622
Trading account gains & fees $0
Additional noninterest income $760
Total noninterest expense $7,567
Salaries and employee benefits $4,092
Premises and equipment expense $1,014
Additional noninterest expense $2,461
Pre-tax net operating income $2,587
Securities gains (losses) $72
Applicable income taxes $903
Income before extraordinary items $1,756
Extraordinary gains - net $0
Net income attributable to bank $1,756
Net charge-offs $0
Cash dividends $1,756
Sale, conversion, retirement of capital stock, net $219
Net operating income $533
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.31%
Cost of funding earning assets 1.36%
Net interest margin 3.95%
Noninterest income to earning assets 0.59%
Noninterest expense to earning assets 3.22%
Net operating income to assets 0.66%
Return on assets (ROA) 0.68%
Pretax return on assets 1.03%
Return on equity (ROE) 8.21%
Retained earnings to average equity (YTD only) 5.72%
Net charge-offs to loans 0.12%
Credit loss provision to net charge-offs 228.31%
Efficiency ratio14.10%
Assets per employee$71,025
Cash dividends to net income (YTD only)3.29%
Condition Ratios (%)
Loss allowance to loans 30.35%
Loss allowance to noncurrent loans 0.99%
Noncurrent assets plus other real estate owned to assets 36.76%
Noncurrent loans to loans 2.74%
Net loans and leases to deposits2.70%
Net loans and leases to core deposits 85.93%
Equity capital to assets 88.55%
Core capital (leverage) ratio 8.69%
Tier 1 risk-based capital ratio 8.49%
Total risk-based capital ratio 10.85%
Average assets$12
Average earning assets$258,366
Average equity $21,397
Average loans $234,756
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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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