Presidential Bank, FSB


Presidential Bank, FSB is an FDIC insured institution headquartered at 4520 East West Hwy, Bethesda, MD 20814.
It was founded in 1985 and has approximately $1 billion in assets. Customers can open an account at one of its 10 branches.

Deposit Rates - March 19, 2024

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 32363
Date Established 1985
Assets $ 864.71 million
Loans $ 690.71 million
Deposits $ 675.51 million
Capital $ 84.49 million

Summary Balance Sheet as of June 30, 2023

ASSETS
Cash & Balances due from depository institutions $ 56.09 million
Interest-bearing balances $ 54.48 million
Total securities $ 68.97 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 690.71 million
Loan loss allowance $ 8.73 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 29.78 million
     Total Assets $ 780.23 million

LIABILITIES
Total deposits $ 675.51 million
      Interest-bearing deposits $ 647.24 million
      Deposits held in domestic offices $ 675.51 million
      % insured (estimated) 85.36%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 17.38 millionn
      Total Liabilities $ 780.23 million
      Shareholders’ Equity $ 84.49 million

Summary Income Statement as of June 30, 2023

INCOME AND EXPENSES
Total Interest Income $ 33.86 million
Total Interest Expense $ 12.46 million
Net interest income $ 21.40 million
Provision for loan and lease losses $ 5.92 million
Total non interest income $ 8.61 million
Total non interest expense $ 28.65 million
Pre-tax Net Operating Income $ 1.79 million

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