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410-546-1101
106 S. Division Street
Salisbury, MD 21801

First Shore Federal Savings and Loan Association is headquartered in Salisbury and is the 35th largest bank in the state of Maryland. It is also the 2,228th largest bank in the nation. It was established in 1953 and as of March of 2014, it had grown to 67 employees at 8 locations. First Shore Federal Savings and Loan Association has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 First Shore Federal Savings and Loan Association had $5.47 million in non-current loans and owned real-estate with $42 million in equity and loan loss allowances on hand to cover it. This gives First Shore Federal Savings and Loan Association a Texas Ratio of 13.02% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for First Shore Federal Savings and Loan Association decreased slightly from 16.54% as of March 31, 2013 to 13.02% as of March 31, 2014, resulting in a positive change of 21.33%.This indicates that the balance sheet and financial strength for First Shore Federal Savings and Loan Association has improved slightly in recent periods.

Deposit Growth

GRADE:
D

In the past year, First Shore Federal Savings and Loan Association has decreased its total deposits by -$23.66 million, resulting in -8.88% 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 First Shore Federal Savings and Loan Association has shown is below average.

Capitalization

GRADE:
A+

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. First Shore Federal Savings and Loan Association has $290.42 million in assets with $42 million in equity, resulting in a capitalization level of 14.46%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #30680
Year Established1953
Employees67
Primary RegulatorOCC
Assets and Liabilities
Assets$290.43 million
Loans$240.90 million
Deposits$242.87 million
Equity Capital$39.39 million
Loan Loss Allowance$2.61 million
Unbacked Noncurrent Loans$5.12 million
Real Estate Owned$343,000
Historic Data - March 2013
Assets$310.65 million
Equity Capital$38.00 million
Loan Loss Allowance$2.54 million
Unbacked Noncurrent Loans$5.12 million
Real Estate Owned$566,000
Profit Margin - Quarterly
Net Interest Margin3.51%
Return on Assets0.8%
Return on Equity5.94%
Interest Income$3.08 million
Rates

Always verify rates and promotions with the bank or credit union. We are not First Shore Federal Savings and Loan Association, we are a rate comparison website and can not provide official rates or promotions.

First Shore Federal Savings and Loan Association Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$200-Statement Savings
0.15%$100-Christmas Club

First Shore Federal Savings and Loan Association Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$250k-Gold Money Market
0.10%$2,500-Money Market

First Shore Federal Savings and Loan Association Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$2,500-Super NOW Account
0.05%$1k-NOW Account

First Shore Federal Savings and Loan Association CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-60 Month CD
1.50%$500-60 Month Rising Rate CD
1.25%$500-48-59 Month CD
1.25%$500-50 Month CD
1.00%$500-36-47 Month CD
0.60%$500-40 Month Rising Rate CD
0.40%$500-30-35 Month CD
0.35%$10k-24 Month Rising Rate CD
0.30%$500-18 Month Rising Rate CD
0.30%$500-18-23 Month CD
0.30%$500-24-29 Month CD
0.20%$500-13-17 Month CD
0.20%$500-12 Month CD
0.15%$500-10 Month Rising Rate CD
0.15%$500-6-11 Month CD
0.15%$200-12 Month Add To CD
0.15%$500-10 Month Freedom CD
0.05%$500-3-5 Month CD

First Shore Federal Savings and Loan Association IRA Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-60 Month IRA
1.50%$500-60 Month Rising Rate IRA
1.25%$500-48-59 Month IRA
1.25%$500-50 Month IRA
1.00%$500-36-47 Month IRA
0.60%$500-40 Month Rising Rate IRA
0.40%$500-30-35 Month IRA
0.35%$10k-24 Month Rising Rate IRA
0.30%$500-18 Month Rising Rate IRA
0.30%$500-18-23 Month IRA
0.30%$500-24-29 Month IRA
0.20%$500-12 Month IRA
0.20%$500-13-17 Month IRA
0.15%$500-10 Month Rising Rate IRA
0.15%$500-6-11 Month IRA
0.15%$500-10 Month Freedom IRA
0.06%$25-18 Month Variable Rate IRA
0.05%$500-3-5 Month IRA
Locations


First Shore Federal Savings and Loan Association Locations
Cedar Lane Branch101 West Cedar LaneFruitland, MD 21826
First Shore Federal Savings and Loan Association106 S. Division StreetSalisbury, MD 21801
107 Green Street Branch107 Green StreetSnow Hill, MD 21863
Ocean Pines Branch11029 Racetrack RoadBerlin, MD 21811
Corner Of Mt Hermon Branch1116 Mt. Hermon RoadSalisbury, MD 21804
1315 Market St Branch1315 Market StreetPocomoke City, MD 21851
North Main Street Branch310 Franklin AvenueBerlin, MD 21811
Atlantic Avenue BranchRt 26 Atlantic AvenueOcean View, DE 19970