The Queenstown Bank of Maryland

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Overview / Commentary

www.queenstownbank.com

410-827-8881

7101 Main Street
Queenstown, MD 21658

The Queenstown Bank of Maryland is headquartered in QUEENSTOWN and is the 16^th largest bank in the state of Maryland. It is also the 1,320^th largest bank in the nation. It was established in 1899 and as of March of 2023, it had grown to 96 employees at 8 locations. The Queenstown Bank of Maryland's money market rates are 6X the national average, and it has a B+ health rating.

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2021

4/8 - Queenstown Bank Offers Kasasa Brand in Maryland and Delaware

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Health

B+

Data as of Q1 2023

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Health Grade Components

Overall
FDIC Certificate #	8816
Year Established	1899
Employees	96
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.96%
Return on Equity - YTD	11.25%
Annual Interest Income	$6.4MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$694.2MM$675.7MM
Loans	Q1 2023vs Q1 2022	$438.4MM$382.6MM
Deposits	Q1 2023vs Q1 2022	$610.5MM$609.2MM
Equity Capital	Q1 2023vs Q1 2022	$59.2MM$62.9MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$7.5MM$7.4MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$203.00K$1.2MM
Real Estate Owned	Q1 2023vs Q1 2022	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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Always verify rates and promotions with the bank or credit union. We are not The Queenstown Bank of Maryland; 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.

The Queenstown Bank of Maryland Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	-	$20k	Kasasa Saver with Kasasa Cash or Cash Back
OTHER TIERS: 0.20% → $20k+
0.25%	$20	-	IRA Savings Account
0.25%	$10	-	Savings Club
0.10%	-	-	Regular Savings Account

The Queenstown Bank of Maryland Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.53%	$250k	-	Premier New Money Market Account-New Money
2.02%^*	$500k^*	-	Premier Money Market Savings
OTHER TIERS: 0.10% → Any amount \| 0.25% → $25k - $100k \| 1.00% → $100k - $250k \| 1.51% → $250k - $500k
0.25%^*	$50k^*	-	Money Market Savings Account
OTHER TIERS: 0.10% → Up to $50k

The Queenstown Bank of Maryland Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.50%^*	-	$20k	Kasasa Cash
OTHER TIERS: 0.50% → $20k+
0.10%	-	-	NOW Checking Account
0.10%	-	-	Super NOW Checking Account

The Queenstown Bank of Maryland CD Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.05%	$25k	-	18 Month CD
3.50%	$500	-	6 Month CD
2.01%^*	$50k^*	-	15 Month CD
OTHER TIERS: 1.51% → $25k - $50k
0.55%^*	$100k^*	-	48 Month CD
OTHER TIERS: 0.50% → $500 - $100k
0.55%	$500	-	5 Year CD
0.50%	$500	-	24 Month CD
0.35%	$500	-	3 Year RAD (Rate Adjustable Deposit) CD - 1 Bump
0.30%	$500	-	30 Month RAD (Rate Adjustable Deposit) CD - 1 Bump
0.25%	$500	-	12 Month CD

The Queenstown Bank of Maryland IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
4.05%	$25k	-	18 Month IRA
3.50%	$500	-	6 Month IRA
2.01%^*	$50k^*	-	15 Month IRA
OTHER TIERS: 1.51% → $25k - $50k
0.55%^*	$100k^*	-	48 Month IRA
OTHER TIERS: 0.50% → $500 - $100k
0.55%	$500	-	5 Year IRA
0.50%	$500	-	24 Month IRA
0.35%	$500	-	3 Year RAD (Rate Adjustable Deposit) IRA - 1 Bump
0.30%	$500	-	30 Month RAD (Rate Adjustable Deposit) IRA - 1 Bump
0.25%	$500	-	12 Month IRA

Locations

The Queenstown Bank of Maryland Locations
Ridgely Branch	204a East 6th Street	Ridgely, MD 21660
Easton Branch	274 North Washington Street	Easton, MD 21601
The Queenstown Bank Of Maryland	7101 Main St	Queenstown, MD 21658
Chester Branch	Castle Marina Road and U.S. Routes 50-301	Chester, MD 21619
Centreville Branch	Route 213 and Coursevall Drive	Centreville, MD 21617
Stevensville Branch	Routes 8 and 18	Stevensville, MD 21666
Grasonville Branch	U.S. 50 and Maryland 18	Grasonville, MD 21638
Church Hill Branch	1005 Sudlersville Road	Church Hill, MD 21623

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