Presidential Bank, FSB

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Deposit Rates - May 25, 2022

SAVINGS RATES APY MIN
CD RATES APY MIN
6 Mo CD
0.50% $1,000 Compare
MM RATES APY MIN
Money Market
0.25% $2,500 Compare
Money Market
0.25% $10,000 Compare
Money Market
0.25% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.10% $1
Int Ckg
0.10% $2,500

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 32363
Date Established 1985
Assets $ 887.43 million
Loans $ 529.81 million
Deposits $ 785.09 million
Capital $ 92.01 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 270.00 million
Interest-bearing balances $ 266.35 million
Total securities $ 55.24 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 529.81 million
Loan loss allowance $ 8.05 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 $ 28.99 million
     Total Assets $ 795.42 million

LIABILITIES
Total deposits $ 785.09 million
      Interest-bearing deposits $ 747.51 million
      Deposits held in domestic offices $ 785.09 million
      % insured (estimated) 79.39%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 10.33 millionn
      Total Liabilities $ 795.42 million
      Shareholders’ Equity $ 92.01 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 30.32 million
Total Interest Expense $ 4.43 million
Net interest income $ 25.89 million
Provision for loan and lease losses N.A.
Total non interest income $ 43.69 million
Total non interest expense $ 49.31 million
Pre-tax Net Operating Income $ 20.39 million

Presidential Bank, FSB is an FDIC insured institution headquartered at 4520 East-West Highway, 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.

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Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Bank
    MARYLAND
    $50,000
    6 Month
    0.50%
    1.87x (National Avg. - 0.27%)
    $1,000
    -
    SCENARIO
    Year Rate
    0.50%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 250 175
    2 50,250 251 176
    3 50,501 253 177
    4 50,754 254 178
    5 51,008 255 179
    6 51,263 256 179
    7 51,519 258 180
    8 51,776 259 181
    9 52,035 260 182
    10 52,296 261 183
    11 52,557 263 184
    12 52,820 264 185
    13 53,084 265 186
    14 53,349 267 187
    15 53,616 268 188
    16 53,884 269 189
    17 54,154 271 190
    18 54,424 272 190
    19 54,696 273 191
    20 54,970 275 192
    TOTAL $5,245 $3,671
  • 2
    ONLINE CD
    Online Bank
    -
    $50,000
    12 Month
    1.30%
    3.22x (National Avg. - 0.40%)
    $5,000
    -
    SCENARIO
    Year Rate
    1.30%
    Annual
    Interest
    Annual Interest
    (After Tax)
    1 50,000 650 455
    2 50,650 658 461
    3 51,308 667 467
    4 51,975 676 473
    5 52,651 684 479
    6 53,336 693 485
    7 54,029 702 492
    8 54,731 712 498
    9 55,443 721 505
    10 56,164 730 511
    11 56,894 740 518
    12 57,633 749 524
    13 58,383 759 531
    14 59,142 769 538
    15 59,910 779 545
    16 60,689 789 552
    17 61,478 799 559
    18 62,277 810 567
    19 63,087 820 574
    20 63,907 831 582
    TOTAL $14,738 $10,317