5 star ratingAverage 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



Presidential Online Bank is headquartered in Bethesda and is the 13st largest bank in the state of Maryland. It is also the 1,273rd 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.

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

Presidential Online Bank Checking Account Rates

ApyMinMaxProduct
0.12%-$25kChecking PLUS
0.12%-$1kSpecial Checking
0.12%-$25kSuper Checking
0.12%-$25kInternet Checking

Presidential Online Bank Savings Account Rates

ApyMinMaxProduct
0.50%-$35kPremier Savings
0.50%-$35kCommercial Premier Savings
0.30%$25k-Statement Savings
0.30%$25k-Commercial Statement Savings

Presidential Online Bank Money Market Rates

ApyMinMaxProduct
0.30%$10k-Money Market Checking
0.30%$5k-Commercial Money Market

Presidential Online Bank CD Rates

ApyMinMaxProduct
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

ApyMinMaxProduct
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 ReportView
Year Established1985
Employees313
Primary RegulatorOCC

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 Margin3.58%
Return on Assets0.09%
Return on Equity1.11%
Interest Income$4.98 million

Institution Health


Overall Score:
2 out of 5
2
Texas Ratio2
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 Trend3
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 Growth1
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.
Capitalization3
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.
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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. 

8