Woodsboro Bank
Woodsboro Bank is headquartered in Woodsboro and is the 33rd largest bank in the state of Maryland. It is also the 2,502nd largest bank in the nation. It was established in 1899 and as of December of 2018, it had grown to 63 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 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 5873 |
| Year Established | 1899 |
| Employees | 63 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.47% |
| Return on Equity - YTD | 5.64% |
| Annual Interest Income | $9.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $251.4MM$243.4MM |
| Loans | Q4 2018vs Q4 2017 | $148.7MM$141.3MM |
| Deposits | Q4 2018vs Q4 2017 | $226.3MM$216.8MM |
| Equity Capital | Q4 2018vs Q4 2017 | $21.3MM$21.0MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $2.1MM$2.1MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $183.00K$617.00K |
| Real Estate Owned | Q4 2018vs Q4 2017 | $252.00K$252.00K |
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 |