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Overview / Commentary
312 Main Street
Preston, MD 21655

Provident State Bank, Inc. is headquartered in Preston and is the 33rd largest bank in the state of Maryland. It is also the 2,174th largest bank in the nation. It was established in 1904 and as of June of 2014, it had grown to 69 employees at 8 locations. Provident State Bank, Inc.'s savings rates are 23% higher than the national average, and it has a B health rating.

Reviews (1)

Provident State Bank, Preston

Provident State Bank in Preston, their home office, sucks. I will be soon placing my accounts elsewhere, for the second time. I used this bank because it was convenient, they are no longer convenient, and most of their staff have major attitudes. Go elsewhere if you are looking for a good bank.


Data for Q2 2014

Institution Health


Texas Ratio


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 June 30, 2014 Provident State Bank, Inc. had $5.41 million in non-current loans and owned real-estate with $25.28 million in equity and loan loss allowances on hand to cover it. This gives Provident State Bank, Inc. a Texas Ratio of 21.39% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Provident State Bank, Inc. decreased slightly from 25.09% as of June 30, 2013 to 21.39% as of June 30, 2014, resulting in a positive change of 14.75%.This indicates that the balance sheet and financial strength for Provident State Bank, Inc. has improved slightly in recent periods.

Deposit Growth


In the past year, Provident State Bank, Inc. has increased its total deposits by $9.39 million, resulting in 3.84% 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 Provident State Bank, Inc. has shown is excellent.



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. Provident State Bank, Inc. has $301.33 million in assets with $25.28 million in equity, resulting in a capitalization level of 8.39%, which is average.

Institution Statistics

FDIC Certificate #8813
Year Established1904
Primary RegulatorFDIC
Assets and Liabilities
Assets$301.33 million
Loans$198.01 million
Deposits$254.05 million
Equity Capital$23.74 million
Loan Loss Allowance$1.54 million
Unbacked Noncurrent Loans$2.16 million
Real Estate Owned$3.25 million
Historic Data - June 2013
Assets$288.12 million
Equity Capital$22.60 million
Loan Loss Allowance$1.80 million
Unbacked Noncurrent Loans$2.16 million
Real Estate Owned$3.03 million
Profit Margin - Quarterly
Return on Assets0.63%
Return on Equity8.18%
Interest Income$5.79 million

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Provident State Bank, Inc. Savings Account Rates

0.64%--Christmas Club Account
0.11%$25-Regular Savings Account
0.11%$25-Minor Savings Account

Provident State Bank, Inc. Money Market Rates

0.19%$100k-Money Market Account

Provident State Bank, Inc. Checking Account Rates

0.05%$1k-Interest Checking Account

Provident State Bank, Inc. CD Rates

0.91%$1k-60 Month CD
0.71%$1k-42 Month Bump-Up CD
0.61%$1k-48 Month CD
0.51%$1k-36 Month CD
0.46%$1k-24 Month CD
0.21%$1k-12 Month CD
0.11%$1k-6 Month CD
0.07%$1k-3 Month CD

Provident State Bank, Inc. IRA Rates

0.91%$100-60 Month Variable IRA
0.41%$100-18 Month Fixed IRA

Provident State Bank, Inc. Locations
Ridgely Branch1 West Belle StreetRidgely, MD 21660
Secretary Branch141 Main StreetSecretary, MD 21664
Denton Branch209 Franklin StreetDenton, MD 21629
Provident State Bank, Inc.312 Main StreetPreston, MD 21655
Federalsburg Branch325 Bloomingdale AveFederalsburg, MD 21632
Denton Plaza Branch39 Denton PlazaDenton, MD 21629
Hurlock Branch4440 Hurlock East New Market RdHurlock, MD 21643
Cambridge Branch530 Poplar StreetCambridge, MD 21613
Easton Branch8133 Elliott RoadEaston, MD 21601