Average User Rating:
4 star rating based on 1 review.

Cecil Bank

127 North Street
Elkton, MD 21921
410-398-1650
www.cecilbank.com

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Cecil Bank is headquartered in Elkton and is the 20^th largest bank in the state of Maryland. It is also the 1,526^th largest bank in the nation. It was established in 1959 and as of December of 2012, it had grown to 86 employees at 11 locations. Cecil Bank's savings rates are 44% higher than the national average, but it has a 2-star health rating.

Cecil Bank Routing Number: 255072045

Top CD Rates at Cecil Bank in Maryland - Local Only - 8/9/2012

Cecil Bank has some competitive CD rates. The best one is a 5-year CD with a 2.15% APY. Other competitive rates include a 1.50% APY for a 30-month CD and a 1.25% APY for a 2-year CD. Minimum deposit i ...

2.60% 12-Month CD at Cecil Bank in Maryland - Local Only - 11/30/2009

Update 12/05/09: The 2.60% APY special is no longer listed on the bank's front page. There's now a 2.25% APY special CD for all terms of 12 months and under.Cecil Bank continues to offer a special 2.60% APY CD for terms of 12 months and under. Minimum...

2.40% 12-Month CD at Cecil Bank in Maryland - Local Only - 8/14/2009

Cecil Bank is offering a special 2.40% APY CD. It also has other competitive CD rates including a 2.00% APY 9-month CD and a 2.50% APY 24-month CD. Minimum deposit is $500. There's also a competitive checking account which pays 2.00% APY. Direct deposit...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Cecil Bank Checking Account Rates

Apy	Min	Max	Product
0.45%	-	-	NOW High Yield Checking
0.25%	-	-	Silver & Gold Checking
0.05%	-	-	NOW Checking

Cecil Bank Savings Account Rates

Apy	Min	Max	Product
0.75%	-	-	Holiday Savings Account
0.15%	-	-	Passbook Savings
0.15%	-	-	Statement Savings

Cecil Bank Money Market Rates

Apy	Min	Max	Product
1.01%	$500k	-	Jumbo Money Market
0.25%	$2,500	-	Money Market

Cecil Bank CD Rates

Apy	Min	Max	Product
1.25%	$500	-	5 Year CD
0.85%	$500	-	2 1/2 Year CD
0.70%	$500	-	2 Year CD
0.60%	$500	-	1 1/2 Year CD
0.50%	$500	-	1 Year CD
0.40%	$500	-	6 Month CD
0.40%	$500	-	9 Month CD
0.40%	$500	-	1 Year Access CD
0.25%	$500	-	91 Day CD

Cecil Bank IRA Rates

Apy	Min	Max	Product
1.25%	$100	-	60 Month IRA
0.60%	$100	-	18 Month IRA

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

Cecil Bank
FDIC Certificate #	31121
BankRate Report	View
Year Established	1959
Employees	86
Primary Regulator	FED
Assets and Liabilities
Assets	$439.30 million
Loans	$296.45 million
Deposits	$342.57 million
Equity Capital	$33.26 million
Loan Loss Allowance	$10.30 million
Unbacked Noncurrent Loans	$34.54 million
Real Estate Owned	$33.87 million
Historic Data - December 2011
Assets	$462.97 million
Equity Capital	$37.37 million
Loan Loss Allowance	$12.41 million
Unbacked Noncurrent Loans	$37.82 million
Real Estate Owned	$32.09 million
Profit Margin - Quarterly
Net Interest Margin	3.33%
Return on Assets	-4.31%
Return on Equity	-49.59%
Interest Income	$18.61 million

Institution Health

Overall Score:

2 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Cecil Bank had $68.41 million in non-current loans and owned real-estate with $43.55 million in equity and loan loss allowances on hand to cover it. This gives Cecil Bank a Texas Ratio of 157.07% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Cecil Bank held steady from 140.44% as of December 31, 2011 to 157.07% as of December 31, 2012, resulting in a negative change of 11.84%. This indicates that the balance sheet and financial strength for Cecil Bank has held steady in recent periods.
Deposit Growth
In the past year, Cecil Bank has increased its total deposits by $2.64 million, resulting in 0.78% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Cecil Bank has shown is average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Cecil Bank has $439.3 million in assets with $43.55 million in equity, resulting in a capitalization level of 9.91%, which is average.