Sandy Spring Bank

17801 Georgia Avenue
Olney, MD 20832

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 4865
Date Established 1900
Assets $5.26 billion
Loans $4.09 billion
Deposits $3.89 billion
Capital $0.53 billion

Sandy Spring Bank is an FDIC insured institution located in Olney, MD. It was founded in 1900 and has approximately $5.26 billion in assets. Customers can open an account at one of its 46 branches.

For a more detailed analysis of Sandy Spring Bank'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 Sandy Spring Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Maryland, Sandy Spring Bank has a significantly higher percent of Construction and Development 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 33.87
Multifamily
Mortgages
2.71
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 7.82
Construction and Development Loans 13.63
Commercial Real Estate 40.26
Commercial and Industrial Loans 9.87
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.25% $10,000 - Learn MoreShow Less
6 Mo CD 10K
0.70% $1,000 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
1.00% $1,000 - Learn MoreShow Less
Special: 14 Mo FIRA
1.35% $10,000 $1,000,000 Learn MoreShow Less
Special: 25 Mo FIRA
1.65% $10,000 $1,000,000 Learn MoreShow Less
Special: 35 Mo FIRA
1.85% $10,000 $1,000,000 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.03% $1 $9,999 Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.03% $2,500 $24,999 Learn MoreShow Less
MM 25K
0.03% $25,000 $49,999 Learn MoreShow Less
PREMM Rates APY MIN MAX
Premium MM 10K
0.03% $10,000 $24,999 Learn MoreShow Less
Premium MM 25K
0.19% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $1 $9,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 2.99% 2.99% $726.92 Learn MoreShow Less
4 Year 2.99% 2.99% $553.25 Learn MoreShow Less
5 Year 2.99% 2.99% $449.11 Learn MoreShow Less

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

Sandy Spring 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:
Ashburn,Virginia


Sandy Spring Bank Locations

Financial Details

Sandy Spring Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Sandy Spring 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
Sandy Spring Bank U.S. Bank Average
5.47% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Sandy Spring Bank had $30,115,000 in non-current loans and $1,460,000 in owned real estate. To cover these potential losses it had $532,374,000 in equity and $45,079,000 in loans loss reserves. That gives it a Texas Ratio of 5.47%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Sandy Spring Bank U.S. Bank Average
11.17% 8.58

Sandy Spring Bank has a Return on Equity of 11.17% versus the BestCashCow average of 8.58. 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
Sandy Spring Bank U.S. Bank Average
10.12% 12.11

Sandy Spring Bank has a Capitalization of 10.12% versus the BestCashCow average of 12.11. 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.

Sandy Spring Bank Balance Sheet Analysis

As of June 30, 2017, Sandy Spring Bank had assets of $5,260,929,000, loans of $4,093,836,000, and deposits of $3,893,859,000. 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.

Frequently Asked Questions About Sandy Spring Bank

Branches and Savings

Is Sandy Spring Bank FDIC insured?

Yes. It is covered under FDIC Certificate #4865.

Why does Sandy Spring Bank pay such low interest on savings accounts?

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

Why are Sandy Spring Bank CD rates not competitive?

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

Is Sandy Spring Bank a commercial bank?

Yes

Where are Sandy Spring Bank locations?

See branch locations nearby.

Is Sandy Spring Bank open on Saturdays?

Is Sandy Spring Bank open on Sundays?

What time does Sandy Spring Bank open?

What time does Sandy Spring Bank close?

Are Sandy Spring Bank ATMs Open 24/7?

Do Sandy Spring Bank ATMs accept cash deposits?

Can Sandy Spring Bank customers use other ATMs?

Do Sandy Spring Bank branches have notaries?

Will Sandy Spring Bank notarize my document?

What address for Sandy Spring Bank should I put for incoming ACH transfers?

Will the Sandy Spring Bank branch print checks?

Do Sandy Spring Bank checks expire?

Does Sandy Spring Bank require US citizenship to open account?

Can Sandy Spring Bank close my account?

Does Sandy Spring Bank Report to credit bureaus?

Does Sandy Spring Bank Use Equifax?

What is Sandy Spring Bank's ACH Routing Number?

What is Sandy Spring Bank's SWIFT code?

Products

Does Sandy Spring Bank offer mortgages?

Compare mortgage rates here.

Does Sandy Spring Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Sandy Spring Bank offer personal loans?

Compare personal loan rates here.

Does Sandy Spring Bank offer student loans?

Will Sandy Spring Bank cash a check?

Will Sandy Spring Bank redeem a savings bond?

Does Sandy Spring Bank cash savings bonds?

Will Sandy Spring Bank cash money orders?

Can Sandy Spring Bank issue a money order?

Does Sandy Spring Bank do currency exchange?

Background on The Bank

Who owns Sandy Spring Bank?

How long has Sandy Spring Bank been around?

Can Sandy Spring Bank transfer to other banks?

Does Sandy Spring Bank have quick pay?

Does Sandy Spring Bank accept rolled coins?

Will Sandy Spring Bank accept loose change?

Where is Sandy Spring Bank headquarters?

Customer Reviews for Sandy Spring Bank


  • boon

    October 11, 2017

    CDs 14 Month Rates

    special; 14 MO CD 1.20%

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