Woodsboro Bank
Woodsboro Bank is headquartered in Woodsboro and is the 36th largest bank in the state of Maryland. It is also the 2,580th largest bank in the nation. It was established in 1899 and as of December of 2017, it had grown to 64 employees at 7 locations. Woodsboro Bank has an A health rating.
Local Bank that can Compete
In my young adult days I decided to go with the same bank that my parents had used, and the same bank that I had my savings account in as a kid. They had a storefront location in a strip mall on East Street right beside my house so it was quite convenient as well. In Frederick (and most of western Maryland) it is possible to find a branch location. They are quite a good bank, and can actually compete with the national guys on no fee accounts, web access, and similar. The only place they couldn't really compete was on ATM access, which is ultimately why I ended up leaving. If you are local and don't travel a ton, Woodsboro bank is a perfect place to keep your money.
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5873 |
| Year Established | 1899 |
| Employees | 64 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.11% |
| Return on Equity - YTD | 1.27% |
| Annual Interest Income | $8.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $243.5MM$229.4MM |
| Loans | Q4 2017vs Q4 2016 | $141.3MM$143.5MM |
| Deposits | Q4 2017vs Q4 2016 | $216.8MM$197.9MM |
| Equity Capital | Q4 2017vs Q4 2016 | $20.9MM$20.9MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $2.1MM$2.1MM |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $617.00K$1.8MM |
| Real Estate Owned | Q4 2017vs Q4 2016 | $252.00K$1.2MM |
Sorry, we do not have rate data for Woodsboro Bank.
| Woodsboro Bank Locations | ||
|---|---|---|
| Thurmont Branch | 143 Frederick Road | Thurmont, MD 21788 |
| West Patrick Street Branch | 4-6 West Patrick Street | Frederick, MD 21701 |
| Frederick Branch | 40 West Patrick Street | Frederick, MD 21701 |
| Woodsboro Bank | 5 North Main Street | Woodsboro, MD 21798 |
| Guilford Drive Branch | 7360 Guilford Drive, Suite 100 | Frederick, MD 21704 |
| Monocacy Village Office | 900 East Street | Frederick, MD 21701 |
| Homewood At Crumland Farms Branch | 7407 Willow Road | Frederick, MD 21702 |