Frederick County Bank

Headquarters

2 North Market Street
Frederick, MD 21701
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Frederick County Bank is an FDIC insured institution located in Frederick, MD. It was founded in 2001 and has approximately $0.43 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 57255
Date Established 2001
Assets $ 452.14 million
Loans $ 344.74 million
Deposits $ 374.13 million
Capital $ 46.22 million
 

For a more detailed analysis of Frederick County Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Frederick County Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.569% 2.500% 0.88 $2,258 $988 Learn More
First Internet Bank
NMLS ID: 424182
2.565% 2.500% 0.88 $2,142 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Frederick County Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Frederick County Bank 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:
Fairfield,Connecticut


Frederick County Bank Locations


Financial Details

Frederick County Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Frederick County Bank. 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
Frederick County Bank U.S. Bank Average
4.66% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, Frederick County Bank had $1,837,000 in non-current loans and $464,000 in owned real estate. To cover these potential losses it had $46,220,000 in equity and $3,164,000 in loans loss reserves. That gives it a Texas Ratio of 4.66%.

Return on Equity
Frederick County Bank U.S. Bank Average
5.46% 7.80%

Frederick County Bank has a Return on Equity of 5.46% versus the BestCashCow average of 7.80%. 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
Frederick County Bank U.S. Bank Average
10.22% 12.68%

Frederick County Bank has a Capitalization of 10.22% versus the BestCashCow average of 12.68. 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.

Frederick County Bank Balance Sheet Analysis

As of December 31, 2019, Frederick County Bank had assets of $434,037,000, loans of $344,736,000, and deposits of $374,127,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 40.71 million
Interest-bearing balances $ 34.98 million
Total securities $ 21.82 million
Federal funds sold and reverse repurchase $ 0.01 million
Net loans and leases $ 344.74 million
Loan loss allowance $ 3.16 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.46 million
Goodwill and other intangibles N.A.
All other assets $ 14.86 million
     Total Assets $ 387.82 million
LIABILITIES
Total deposits $ 374.13 million
      Interest-bearing deposits $ 269.94 million
      Deposits held in domestic offices $ 374.13 million
      % insured (estimated) 77.07%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 12.76 million
Subordinated debt N.A.
All other liabilities $ 0.93 million
      Total Liabilities $ 387.82 million
      Shareholders’ Equity $ 64.33 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 17.83 million
Total Interest Expense $ 3.68 million
Net interest income $ 14.15 million
Provision for loan and lease losses N.A.
Total non interest income $ 2.01 million
Total non interest expense $ 12.96 million
Pre-tax Net Operating Income $ 3.40 million

Bank Loan Profile?

The top three loan types in Frederick County Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Maryland, Frederick County Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate 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 20.31
Multifamily
Mortgages
3.79
Credit Card Loans 0.00
Consumer Auto Loans 0.08
Small Business Loans 20.51
Construction and Development Loans 5.94
Commercial Real Estate 55.54
Commercial and Industrial Loans 13.64
Farm Loans 0.08

Frequently Asked Questions About Frederick County Bank

Branches and Savings

Is Frederick County Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57255.

Why does Frederick County Bank pay such low interest on savings accounts?

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

Why are Frederick County Bank CD rates not competitive?

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

Is Frederick County Bank a commercial bank?

Yes

Where are Frederick County Bank locations?

See branch locations nearby.

Is Frederick County Bank open on Saturdays?

Is Frederick County Bank open on Sundays?

What time does Frederick County Bank open?

What time does Frederick County Bank close?

Are Frederick County Bank ATMs Open 24/7?

Do Frederick County Bank ATMs accept cash deposits?

Can Frederick County Bank customers use other ATMs?

Do Frederick County Bank branches have notaries?

Will Frederick County Bank notarize my document?

What address for Frederick County Bank should I put for incoming ACH transfers?

Will the Frederick County Bank branch print checks?

Do Frederick County Bank checks expire?

Does Frederick County Bank require US citizenship to open account?

Can Frederick County Bank close my account?

Does Frederick County Bank Report to credit bureaus?

Does Frederick County Bank Use Equifax?

What is Frederick County Bank's ACH Routing Number?

What is Frederick County Bank's SWIFT code?

Products

Does Frederick County Bank offer mortgages?

Compare mortgage rates here.

Does Frederick County Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Frederick County Bank offer personal loans?

Compare personal loan rates here.

Does Frederick County Bank offer student loans?

Will Frederick County Bank cash a check?

Will Frederick County Bank redeem a savings bond?

Does Frederick County Bank cash savings bonds?

Will Frederick County Bank cash money orders?

Can Frederick County Bank issue a money order?

Does Frederick County Bank do currency exchange?

Background on The Bank

Who owns Frederick County Bank?

How long has Frederick County Bank been around?

Can Frederick County Bank transfer to other banks?

Does Frederick County Bank have quick pay?

Does Frederick County Bank accept rolled coins?

Will Frederick County Bank accept loose change?

Where is Frederick County Bank headquarters?

Customer Reviews for Frederick County Bank

There are currently no comments for Frederick County Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →