Overview / Commentary
Cecil Bank is headquartered in Elkton and is the 38th largest bank in the state of Maryland. It is also the 2,975th largest bank in the nation. It was established in 1959 and as of March of 2019, it had grown to 47 employees at 7 locations. Cecil Bank's CD rates are 2X the national average, but it has a D health rating.
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Reviews (1)
Great Little Bank
Posted by: 2Tall | Oct 25, 2010
It's a bank from yesteryear, very friendly and great service. They have a great rate for checking
Health
D
Data as of Q1 2019
Learn why bank health mattersAdditional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Cecil Bank has a negative return on equity.
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 31121 |
| Year Established | 1959 |
| Employees | 47 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.87% |
| Return on Equity - YTD | -14.74% |
| Annual Interest Income | $1.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2019vs Q1 2018 | $192.8MM$211.5MM |
| Loans | Q1 2019vs Q1 2018 | $89.8MM$85.7MM |
| Deposits | Q1 2019vs Q1 2018 | $156.6MM$142.4MM |
| Equity Capital | Q1 2019vs Q1 2018 | $11.7MM$14.4MM |
| Loan Loss Allowance | Q1 2019vs Q1 2018 | $746.00K$1.0MM |
| Unbacked Noncurrent Loans | Q1 2019vs Q1 2018 | $166.00K$99.00K |
| Real Estate Owned | Q1 2019vs Q1 2018 | $22.0MM$25.2MM |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Cecil Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.30% | $10 | - | Passbook Savings | |
| 0.30% | $10 | - | Statement Savings | |
| 0.15% | $10 | - | Holiday Savings Account |
Cecil Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.55%* | $100k* | - | Money Market | ||
| OTHER TIERS: 0.10% → $10 - $2.5k | 0.50% → $2.5k - $100k | |||||
Cecil Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $50 | - | Premium High Yield Checking | |
| 0.30% | $10 | - | NOW High Yield Checking | |
| 0.30% | $10 | - | Silver & Gold Checking | |
| 0.05% | $10 | - | NOW Checking |
Cecil Bank CD Rates
Cecil Bank IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.75% | $100 | - | 60 Month IRA | |
| 1.75% | $100 | - | 18 Month IRA |
Locations
| Cecil Bank Locations | ||
|---|---|---|
| 108 North East Plaza Branch | 108 North East Plaza | North East, MD 21901 |
| 114 East Pulaski Highway | 114 East Pulaski Highway | Elkton, MD 21921 |
| Cecilton Branch | 122 W. Main Street | Cecilton, MD 21913 |
| Cecil Bank | 127 North St | Elkton, MD 21921 |
| Pulaski Highway Branch | 1609 Pulaski Highway Branch | Havre De Grace, MD 21078 |
| Fair Hill Branch | 4434 Telegraph Road | Elkton, MD 21921 |
| Rising Sun Towne Centre Branch | 56 Rising Sun Towne Centre | Rising Sun, MD 21911 |