Provident State Bank

Overview / Commentary
312 Main Street
Preston, MD 21655

Provident State Bank is headquartered in Preston and is the 19th largest bank in the state of Maryland. It is also the 1,565th largest bank in the nation. It was established in 1904 and as of September of 2019, it had grown to 101 employees at 10 locations. Provident State Bank's money market rates are 3X the national average, and it has an A health rating.

Reviews (1)

Provident State Bank, Preston

Posted by: |

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.


Health Grade Components

FDIC Certificate #8813
Year Established1904
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD8.12%
Annual Interest Income$14.2MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$457.3MM$437.8MM
LoansQ3 2019vs Q3 2018$345.4MM$344.9MM
DepositsQ3 2019vs Q3 2018$363.9MM$357.3MM
Equity CapitalQ3 2019vs Q3 2018$43.9MM$38.8MM
Loan Loss AllowanceQ3 2019vs Q3 2018$3.3MM$3.2MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$2.5MM$2.3MM
Real Estate OwnedQ3 2019vs Q3 2018$209.00K$84.00K
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Always verify rates and promotions with the bank or credit union. We are not Provident State Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Provident State Bank Savings Account Rates

1.56%$1-Christmas Club Account
0.29%--Repurchase Sweep Account
0.10%$25-Regular Savings Account
0.10%$25-Minor Savings Account

Provident State Bank Money Market Rates

1.51%$10k-Promo Money Market - New Money (3 Month Only)
0.95%*$1m*-Premier Money Market
OTHER TIERS: 0.30% $125k - $250k | 0.55% $250k - $500k | 0.70% $500k - $1000k
0.19%*$100k*-Money Market + Account
OTHER TIERS: 0.09% $1k - $50k | 0.14% $50k - $100k
0.19%*$100k*-Business Money Market + Account
OTHER TIERS: 0.09% $1k - $50k | 0.14% $50k - $100k

Provident State Bank Checking Account Rates

1.39%$1k-IOLTA Interest Checking
0.90%*$1m*-Business Elite Checking
OTHER TIERS: 0.15% $125k - $250k | 0.40% $250k - $500k | 0.65% $500k - $1m
0.05%$1k-Interest Checking Account
0.05%$1k-Business Interest Checking

Provident State Bank CD Rates

1.76%$1k-60 Plus Month CD
1.61%$1k-23 Month CD - New Money
1.56%$1k-55 Month Bump-Up CD - New Money
1.41%$1k-30 Month Bump-Up CD
1.26%$1k-48 - 59 Month CD
1.26%$1k-11 Month CD
1.10%$1k-36 - 47 Month CD
1.00%$1k-24 - 35 Month CD
0.75%$1k-18 Month CD
0.55%$1k-12 - 23 Month CD
0.25%$1k-182-364 Day CD
0.10%$1k-1-181 Day CD

Provident State Bank IRA Rates

1.76%$1k-60 Plus Month IRA
1.61%$1k-23 Month IRA - New Money
1.56%$1k-55 Month Bump-Up IRA - New Money
1.41%$1k-30 Month Bump-Up IRA Certificate
1.26%$1k-48 - 59 Month IRA Certificate
1.26%$1k-11 Month IRA
1.10%$1k-36 - 47 Month IRA Certificate
1.00%$1k-24 - 35 Month IRA Certificate
0.75%$1k-18 Month IRA Certificate
0.55%$1k-12 - 23 Month IRA Certificate
0.25%$1k-182-364 Day IRA Certificate
0.10%$1k-1-181 Day IRA Certificate

Cities: Cambridge, Denton, Easton, Federalsburg, Lewes, Preston, Ridgely, Salisbury, Secretary

Cambridge Branches
Cambridge Branch301 Crusader RoadCambridge, MD 21613

Denton Branches
Denton Branch209 Franklin StreetDenton, MD 21629

Easton Branches
Easton Branch8133 Elliott RoadEaston, MD 21601
Harrison Street - Easton Branch142 N. Harrison StreetEaston, MD 21601

Federalsburg Branches
Federalsburg Branch325 Bloomingdale AveFederalsburg, MD 21632

Lewes Branches
Lewes Branch Office18467 Coastal HighwayLewes, DE 19958

Preston Branches
Provident State Bank, Inc.312 Main StreetPreston, MD 21655

Ridgely Branches
Ridgely Branch1 West Belle StreetRidgely, MD 21660

Salisbury Branches
Salisbury Branch Office913 Mount Hermon RoadSalisbury, MD 21801

Secretary Branches
Secretary Branch141 Main StreetSecretary, MD 21664

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