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

Presidential Online Bank

4520 East-West Highway
Bethesda, MD 20814
800-383-6266
www.presidential.com

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Presidential Online Bank is headquartered in Bethesda and is the 13^st largest bank in the state of Maryland. It is also the 1,273^rd largest bank in the nation. It was established in 1985 and as of March of 2012, it had grown to 313 employees at 10 locations. Presidential Online Bank has a 2-star health rating.

More Falling Rates: GMAC, Countrywide, Presidential, Bank of America - 11/2/2007

ING Direct isn't the only one to quickly lower their rates after the Fed rate cut. Here are the latest online banks to make savings account rate cuts since my yesterday's rates update post:GMAC Bank's Money Market Savings: 4.50% APY (used to be...

Presidential Bank's Savings Account Rate Increase - 5.25% - 10/21/2006

Update 8/29/09: Current rates: Premier Savings Account: 1.25% APY up to $35K, 0.75% APY over; Checking 1.00% APY up to $25K, 0.50% APY over.Update 5/30/09: Current rates: Premier Savings Account: 1.75% APY up to $35K, 1.25% APY over; Checking PLUS...

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

Presidential Online Bank Checking Account Rates

Apy	Min	Max	Product
0.12%	-	$25k	Checking PLUS
0.12%	-	$1k	Special Checking
0.12%	-	$25k	Super Checking
0.12%	-	$25k	Internet Checking

Presidential Online Bank Savings Account Rates

Apy	Min	Max	Product
0.50%	-	$35k	Premier Savings
0.50%	-	$35k	Commercial Premier Savings
0.30%	$25k	-	Statement Savings
0.30%	$25k	-	Commercial Statement Savings

Presidential Online Bank Money Market Rates

Apy	Min	Max	Product
0.30%	$10k	-	Money Market Checking
0.30%	$5k	-	Commercial Money Market

Presidential Online Bank CD Rates

Apy	Min	Max	Product
1.50%	$1k	-	5 Year CD
1.00%	$1k	-	2 Year CD
0.75%	$1k	-	1 Year CD
0.50%	$1k	-	182 Day CD
0.25%	$1k	-	30 Day CD
0.25%	$1k	-	60 Day CD
0.25%	$1k	-	90 Day CD

Presidential Online Bank IRA Rates

Apy	Min	Max	Product
1.50%	$1k	-	5 Year IRA
1.00%	$1k	-	2 Year IRA
0.75%	$1k	-	1 Year IRA

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Presidential Bank, FSB
OTS #	08186
FDIC Certificate #	32363
BankRate Report	View
Year Established	1985
Employees	313
Primary Regulator	OCC
Assets and Liabilities
Assets	$532.94 million
Loans	$388.84 million
Deposits	$475.27 million
Equity Capital	$45.64 million
Loan Loss Allowance	$7.50 million
Unbacked Noncurrent Loans	$26.41 million
Real Estate Owned	$15.39 million
Historic Data - March 2011
Assets	$591.11 million
Equity Capital	$43.08 million
Loan Loss Allowance	$5.99 million
Unbacked Noncurrent Loans	$22.04 million
Real Estate Owned	$11.85 million
Profit Margin - Quarterly
Net Interest Margin	3.58%
Return on Assets	0.09%
Return on Equity	1.11%
Interest Income	$4.98 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 March 31, 2012 Presidential Online Bank had $41.8 million in non-current loans and owned real-estate with $53.14 million in equity and loan loss allowances on hand to cover it. This gives Presidential Online Bank a Texas Ratio of 78.66% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Presidential Online Bank held steady from 69.06% as of March 31, 2011 to 78.66% as of March 31, 2012, resulting in a negative change of 13.90%. This indicates that the balance sheet and financial strength for Presidential Online Bank has held steady in recent periods.
Deposit Growth
In the past year, Presidential Online Bank has decreased its total deposits by -$66.88 million, resulting in -12.34% 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 Presidential Online Bank has shown is poor.
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. Presidential Online Bank has $532.94 million in assets with $53.14 million in equity, resulting in a capitalization level of 9.97%, which is average.

Presidential Bank -- Go-To Bank For The Long Haul
5 stars

- leef - Thursday, June 24, 2010 - 2:24 PM

I wanted to draw attention to a bank that has treated me well for nearly twenty years -- Presidential Bank. They have long offered a Checking PLUS account with a consistently decent interest rate (currently 1%) for the first $25K on deposit (requires direct deposit and $1000 minimum balance to avoid fees). Don't be dissuaded by their website design, which has changed little since the advent of the internet; behind the unpromising facade is a bank with solid online features and impeccable customer service. One downside is that they only have ATMs in the MD/DC area; though they charge no fees for outside ATM usage, neither do they refund the fees that other banks charge. If you can work around that, the account offers just about everything you might need in a basic checking account, from the ability to write paper checks to online ACH transfers. Overall, a steady, reliable account that has served me well over the years.

Presidential Online Bank

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