Sandy Spring Bank in Olney, Maryland (MD), VA
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Sandy Spring Bank in Olney, Maryland (MD), VA
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Sandy Spring Bank - Overview

  • General
  • FDIC Certificate #: 4865
    Status: Active
    Federal Reserve ID: 506922
    Bank Holding Company (Regulatory Top Holder): Sandy Spring Bancorp, Inc. (RSSDID: 1248304, Location: Olney, MD)
    Date Established: January 01, 1900
    WWW: http://www.sandyspringbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 43 (Domestic: 43, Interstate: Yes)
    OTS Docket #: 10451
    FDIC's unique #: 3240
    Numeric code: 13
    Regulator: FED
    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: June 01, 2007
    Last Structure Change Process Date: July 17, 2007
    Last Data Update: July 17, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 17801 Georgia Avenue, Olney, MD 20832
    County: Montgomery
    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
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Bethesda-Rockville-Frederick, MD (#13644)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Corrections
  • Financial Summary
  • Total assets: $3,709.4 mil
    Equity capital: $423.9 mil
    Deposits held in domestic offices: $2,664.0 mil
    Return on assets (ROA): 0.96% ($35.6 mil)
    Quarterly return on assets: 0.80% ($29.7 mil)
    Return on Equity (ROE): 8.38% ($35.5 mil)
    Quarterly return on equity: 6.87% ($29.1 mil)
    Net income: $34.6 mil
    Quarterly Net income: $7.4 mil
    Pretax return on assets: 1.41% ($52,302.1 mil)
    Quarterly Pretax return on assets: 1.13% ($41,915.9 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
  • 684Total employees (full-time equivalent)
  • $3,709,368Total assets
  • $71,307Cash and due from depository institutions
  • $21,475Interest-bearing balances
  • $1,129,666Securities
  • $1,006Federal funds sold & reverse repurchase agreements
  • $2,215,606Net loans & leases
  • $49,426Loan loss allowance
  • $0Trading account assets
  • $48,483Bank premises and fixed assets
  • $4,431Other real estate owned
  • $81,724Goodwill and other intangibles
  • $3,709,368Life insurance assets
  • $157,145All other assets
  • $3,285,486Total liabilities and capital
  • $2,664,019Total liabilities
  • $2,013,209Total deposits
  • $2,664,019Interest-bearing deposits
  • $60Deposits held in domestic offices
  • 64873.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $485,408Trading liabilities
  • $35,000Other borrowed funds
  • $36,186Subordinated debt
  • $423,882All other liabilities
  • $423,882Total equity capital
  • $423,882Total bank equity capital
  • $0Perpetual preferred stock
  • $31,000Common stock
  • $220,002Surplus
  • $172,880Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $25,341Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $72,256Income earned, not collected on loans
  • $1,265Earning assets
  • $12,897Long-term assets (5+ years)
  • $3,367,753Average Assets, year-to-date
  • $1,283,767Average Assets, quarterly
  • $3,601,772Volatile liabilities
  • $3,666,775Insider loans
  • $2,648,640FHLB advances
  • $3,562,943Loans and leases held for sale
  • $81,098Unused loan commitments
  • $63,003Tier 1 (core) risk-based capital
  • $328,928Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $18,095Total unused commitments
  • $778,789Restructured Loans and leases
  • $30,598Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $139,470Total interest income
  • $26,556Total interest expense
  • $112,914Net interest income
  • $1,428Provision for loan and lease losses
  • $40,882Total noninterest income
  • $6,543Fiduciary activities
  • $9,527Service charges on deposit accounts
  • $0Trading account gains & fees
  • $24,812Additional noninterest income
  • $101,801Total noninterest expense
  • $58,363Salaries and employee benefits
  • $16,172Premises and equipment expense
  • $27,266Additional noninterest expense
  • $50,567Pre-tax net operating income
  • $132Securities gains (losses)
  • $16,055Applicable income taxes
  • $34,644Income before extraordinary items
  • $0Extraordinary gains - net
  • $34,644Net income attributable to bank
  • $0Net charge-offs
  • $34,644Cash dividends
  • $14,137Sale, conversion, retirement of capital stock, net
  • $21,339Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.30%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 3.48%Net interest margin
  • 1.26%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 0.96%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 8.38%Return on equity (ROE)
  • 3.22%Retained earnings to average equity (YTD only)
  • 0.65%Net charge-offs to loans
  • 10.10%Credit loss provision to net charge-offs
  • 3.68%Efficiency ratio
  • 64,993Assets per employee
  • 5.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.60%Loss allowance to loans
  • 2.18%Loss allowance to noncurrent loans
  • 68.40%Noncurrent assets plus other real estate owned to assets
  • 2.07%Noncurrent loans to loans
  • 3.19%Net loans and leases to deposits
  • 83.17%Net loans and leases to core deposits
  • 87.43%Equity capital to assets
  • 11.43%Core capital (leverage) ratio
  • 9.23%Tier 1 risk-based capital ratio
  • 12.42%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $3,601,772Average earning assets
  • $413,179Average equity
  • $3,244,871Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $753,716Managed Assets
  • 1Number of Accounts
  • $693,926Personal trust and agency accounts
  • $176,765Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $29,207Other retirement accounts
  • $82,482Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $393,148Other fiduciary accounts
  • $6,794Fiduciary accounts held in foreign offices
  • $5,530Non-managed Assets
  • 905Number of Accounts
  • $0Personal trust and agency accounts
  • $82,481Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $59,790Other retirement accounts
  • $3,026Corporate trust and agency accounts
  • $56,456Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 37 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03240Sandy Spring Bank17801 Georgia Avenue, Olney, MD 20832January 01, 1900Full Service Brick and Mortar
    1204675Colesville Branch13300 New Hampshire Avenue, Colesville, MD 20904November 01, 1963Full Service Brick and Mortar
    3204677Burtonsville Branch3535 Spencerville Road, Burtonsville, MD 20866August 24, 1972Full Service Brick and Mortar
    4204678Layhill Branch14241 Layhill Road, Silver Spring, MD 20906June 21, 1979Full Service Brick and Mortar
    5204679Ashton Branch1 Ashton Road, Ashton, MD 20861July 02, 1979Full Service Brick and Mortar
    6204680Clarksville Branch12276 Clarksville Pike, Clarksville, MD 21029November 01, 1982Full Service Brick and Mortar
    7204681Damascus Branch26250 Ridge Road, Damascus, MD 20872April 01, 1987Full Service Brick and Mortar
    8204682Leisureworld Plaza Branch3801 International Drive, Silver Spring, MD 20906August 03, 1987Full Service Brick and Mortar
    9204683Sandy Spring Branch908 Olney-Sandy Spring Road, Sandy Spring, MD 20860September 15, 1986Full Service Brick and Mortar
    10204684Lisbon Community Branch710-M Lisbon Center Drive, Woodbine, MD 21797May 02, 1990Full Service Brick and Mortar
    12204686Airpark Community Branch7653 Lindbergh Drive, Gaithersburg, MD 20879November 01, 1993Full Service Brick and Mortar
    1339092Gaithersburg Square Branch596 N Frederick Avenue, Gaithersburg, MD 20877March 14, 1988Full Service Brick and Mortar
    14261332Rockville Branch611 Rockville Pike, Rockville, MD 20852April 29, 1991Full Service Brick and Mortar
    15204687Bedford Court Community BranchBedford Court, 3701 International Drive, Silver Spring, MD 20906August 10, 1995Full Service Brick and Mortar
    16204688Montgomery Village Community Branch9921 Stedwick Road, Gaithersburg, MD 20879November 13, 1995Full Service Brick and Mortar
    17204689East Gude Drive Community Branch1601 And 1603 East Gude Drive, Rockville, MD 20850March 01, 1996Full Service Brick and Mortar
    1917060Bethesda Branch7126 Wisconsin Avenue, Bethesda, MD 20814June 28, 1983Full Service Brick and Mortar
    20204690Laurel Lakes Community Branch14404 Baltimore Avenue, Laurel, MD 20707August 18, 1997Full Service Brick and Mortar
    21204691Milestone Community Branch20930 Frederick Road, Germantown, MD 20876December 22, 1997Full Service Brick and Mortar
    22204692Jennifer Road Community Branch166 Jennifer Road, Annapolis, MD 21401May 18, 1998Full Service Brick and Mortar
    24204694Edgewater Community Office116_mitchells Chance Road, Edgewater, MD 21037Febuary 22, 2000Full Service Brick and Mortar
    26285179Wildwood Branch10329 Old Georgetown Road, Bethesda, MD 20816January 01, 1966Full Service Brick and Mortar
    30259884Potomac Branch9822 Falls Road, Potomac, MD 20854October 10, 1995Full Service Brick and Mortar
    33363695Downtown Frederick Branch14 West Patrick Street, Frederick, MD 21701March 18, 2002Full Service Brick and Mortar
    34364785Asbury Branch409 Russell Avenue, Gaithersburg, MD 20877July 02, 2001Full Service Brick and Mortar
    35419835Urbana Branch8921 Fingerboard Road, Frederick, MD 21704June 02, 2003Full Service Brick and Mortar
    3643060740 West Branch1100 West Patrick Street, Unit A, Frederick, MD 21702August 06, 2003Full Service Brick and Mortar
    37439265Mt. Airy Branch425 East Ridgeville Blvd, Mount Airy, MD 21771March 07, 2005Full Service Brick and Mortar
    38443363Fulton Branch8315 Ice Crystal Drive, Laurel, MD 20723June 27, 2005Full Service Brick and Mortar
    39453666Ballenger Creek Branch6560 Mercantile Drive, East, Frederick, MD 21703June 26, 2006Full Service Brick and Mortar
    40457788Silver Spring Community Branch8677 Georgia Avenue, Silver Spring, MD 20910December 11, 2006Full Service Brick and Mortar
    4657045Glen Burnie Branch7405 Ritchie Highway, Glen Burnie, MD 21060December 19, 1996Full Service Brick and Mortar
    47290515Pasadena Branch4001 Mountain Road, Pasadena, MD 21122December 19, 1996Full Service Brick and Mortar
    49290517Piney Orchard At Odenton Branch8721 Piney Orchard Parkway, Odenton, MD 21113June 21, 1999Full Service Brick and Mortar
    50429564Millersville Branch8310 Veterans Highway, Millersville, MD 21108January 02, 2004Full Service Brick and Mortar
    52468965Olney Georgia Avenue Branch17801 Georgia Avenue, Olney, MD 20832October 19, 2007Full Service Brick and Mortar
    55480050Linthicum Branch504 South Camp Mead Road, Linthicum, MD 21090November 19, 2007Full Service Brick and Mortar
  • 6 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    4161655Fairfax Branch9910 Main Street, Fairfax, VA 22031August 10, 1998Full Service Brick and Mortar
    42360725Pbov Merrifield Branch8501 Arlington Blvd, Fairfax, VA 22031November 07, 2000Full Service Brick and Mortar
    43430135Pbov Vienna Branch414 Maple Ave. E., Vienna, VA 22180July 07, 2003Full Service Brick and Mortar
    44454685Chantilly Office Branch14231 Willard Road, Chantilly, VA 20151October 17, 2005Full Service Brick and Mortar
    51466648Pbov Lansdowne Branch19460 Golf Vista Plaza, Leesburg, VA 20176Febuary 10, 2007Full Service Brick and Mortar
    56499269Leesburg Office #0071 Catoctin Circle Ne, Leesburg, VA 20176December 07, 2009Full Service Brick and Mortar

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