First Shore Federal Savings and Loan Association

106 S. Division Street
Salisbury, MD 21801

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 30680
Date Established 1953
Assets $0.30 billion
Loans $0.25 billion
Deposits $0.25 billion
Capital $0.05 billion

First Shore Federal Savings and Loan Association is an FDIC insured institution located in Salisbury, MD. It was founded in 1953 and has approximately $0.3 billion in assets. Customers can open an account at one of its 9 branches.

For a more detailed analysis of First Shore Federal Savings and Loan Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in First Shore Federal Savings and Loan Association’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Maryland, First Shore Federal Savings and Loan Association has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 70.31
Multifamily
Mortgages
1.04
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 3.39
Construction and Development Loans 8.81
Commercial Real Estate 7.98
Commercial and Industrial Loans 3.75
Farm Loans 0.00

Deposit Rates - June 25, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $2,500 - Learn MoreShow Less
Premium Money Market Account
0.15% $2,500 $24,999 Learn MoreShow Less
Premium Money Market Account
0.20% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.15% $500 - Learn MoreShow Less
6 Mo CD
0.75% $500 - Learn MoreShow Less
12 Mo CD
0.75% $500 - Learn MoreShow Less
18 Mo CD
0.75% $500 - Learn MoreShow Less
24 Mo CD
2.00% $500 - Learn MoreShow Less
30 Mo CD
2.00% $500 - Learn MoreShow Less
36 Mo CD
2.25% $500 - Learn MoreShow Less
48 Mo CD
2.25% $500 - Learn MoreShow Less
60 Mo CD
2.60% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.75% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
2.38% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 - Learn MoreShow Less
Checking Rates APY MIN FEE
Basic Checking 0.00% $100 $7.50 Learn MoreShow Less
NOW Checking 0.05% $10,000 $7.50 Learn MoreShow Less

Loan Rates - June 25, 2019

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment
Home Equity Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

First Shore Federal Savings and Loan Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First Shore Federal Savings and Loan Association Locations


Financial Details

First Shore Federal Savings and Loan Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Shore Federal Savings and Loan Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Shore Federal Savings and Loan Association U.S. Bank Average
8.42% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, First Shore Federal Savings and Loan Association had $4,009,000 in non-current loans and $127,000 in owned real estate. To cover these potential losses it had $46,734,000 in equity and $2,369,000 in loans loss reserves. That gives it a Texas Ratio of 8.42%.

Return on Equity
First Shore Federal Savings and Loan Association U.S. Bank Average
4.66% 8.80%

First Shore Federal Savings and Loan Association has a Return on Equity of 4.66% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Shore Federal Savings and Loan Association U.S. Bank Average
15.45% 12.29%

First Shore Federal Savings and Loan Association has a Capitalization of 15.45% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Shore Federal Savings and Loan Association Balance Sheet Analysis

As of December 31, 2018, First Shore Federal Savings and Loan Association had assets of $302,439,000, loans of $248,022,000, and deposits of $249,279,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.25 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.26 billion
LIABILITIES
Total deposits $0.25 billion
      Interest-bearing deposits $0.24 billion
      Deposits held in domestic offices $0.25 billion
      % insured (estimated) 95.52%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.26 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About First Shore Federal Savings And Loan Association

Branches and Savings

Is First Shore Federal Savings And Loan Association FDIC insured?

Yes. It is covered under FDIC Certificate #30680.

Why does First Shore Federal Savings And Loan Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Shore Federal Savings And Loan Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Shore Federal Savings And Loan Association a commercial bank?

Yes

Where are First Shore Federal Savings And Loan Association locations?

See branch locations nearby.

Is First Shore Federal Savings And Loan Association open on Saturdays?

Is First Shore Federal Savings And Loan Association open on Sundays?

What time does First Shore Federal Savings And Loan Association open?

What time does First Shore Federal Savings And Loan Association close?

Are First Shore Federal Savings And Loan Association ATMs Open 24/7?

Do First Shore Federal Savings And Loan Association ATMs accept cash deposits?

Can First Shore Federal Savings And Loan Association customers use other ATMs?

Do First Shore Federal Savings And Loan Association branches have notaries?

Will First Shore Federal Savings And Loan Association notarize my document?

What address for First Shore Federal Savings And Loan Association should I put for incoming ACH transfers?

Will the First Shore Federal Savings And Loan Association branch print checks?

Do First Shore Federal Savings And Loan Association checks expire?

Does First Shore Federal Savings And Loan Association require US citizenship to open account?

Can First Shore Federal Savings And Loan Association close my account?

Does First Shore Federal Savings And Loan Association Report to credit bureaus?

Does First Shore Federal Savings And Loan Association Use Equifax?

What is First Shore Federal Savings And Loan Association's ACH Routing Number?

What is First Shore Federal Savings And Loan Association's SWIFT code?

Products

Does First Shore Federal Savings And Loan Association offer mortgages?

Compare mortgage rates here.

Does First Shore Federal Savings And Loan Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Shore Federal Savings And Loan Association offer personal loans?

Compare personal loan rates here.

Does First Shore Federal Savings And Loan Association offer student loans?

Will First Shore Federal Savings And Loan Association cash a check?

Will First Shore Federal Savings And Loan Association redeem a savings bond?

Does First Shore Federal Savings And Loan Association cash savings bonds?

Will First Shore Federal Savings And Loan Association cash money orders?

Can First Shore Federal Savings And Loan Association issue a money order?

Does First Shore Federal Savings And Loan Association do currency exchange?

Background on The Bank

Who owns First Shore Federal Savings And Loan Association?

How long has First Shore Federal Savings And Loan Association been around?

Can First Shore Federal Savings And Loan Association transfer to other banks?

Does First Shore Federal Savings And Loan Association have quick pay?

Does First Shore Federal Savings And Loan Association accept rolled coins?

Will First Shore Federal Savings And Loan Association accept loose change?

Where is First Shore Federal Savings And Loan Association headquarters?

Customer Reviews for First Shore Federal Savings and Loan Association


  • wwchinski@verizon.net

    July 11, 2018

    CDs 12 Month Rates

    cd rates

  • Gator Baltimore

    December 09, 2016 |

    Excellent

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