Sandy Spring Bank

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Sandy Spring Bank Locations

Rates - June 6, 2020

Your current location is: Virginia, Ashburn

CD RATES APY MIN MAX
3 Mo CD
0.05% $10,000 - Compare
6 Mo CD
0.15% $1,000 - Compare
12 Mo CD
0.20% $1,000 - Compare
18 Mo CD
0.25% $1,000 - Compare
24 Mo CD
0.25% $1,000 - Compare
30 Mo CD
0.30% $1,000 - Compare
36 Mo CD
0.30% $1,000 - Compare
48 Mo CD
0.35% $1,000 - Compare
60 Mo CD
0.45% $1,000 - Compare
SAVINGS RATES APY MIN MAX
Savings
0.03% $25 - Compare
MM RATES APY MIN MAX
Money Market
0.03% $2,500 $24,999 Compare
Money Market
0.03% $25,000 $49,999 Compare
PREMM RATES APY MIN MAX
Premium Money Market
0.05% $10,000 $24,999 Compare
Premium Money Market
0.05% $25,000 $49,999 Compare
FIXED IRA RATES APY MIN MAX
Fixed IRA
0.20% $1,000 -
VARIABLE IRA RATES APY MIN MAX
Var IRA
0.03% $1 $9,999
INT CHECKING RATES APY MIN MAX
Int Ckg
0.03% $1 $9,999

Overview 2020

General Bank Information

FDIC Insured Yes
FDIC Certificate # 4865
Date Established 1900
Assets $ 8.62 billion
Loans $ 6.70 billion
Deposits $ 6.53 billion
Capital $ 1,242.23 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 145.90 million
Interest-bearing balances $ 63.43 million
Total securities $ 1,062.90 million
Federal funds sold and reverse repurchase $ 0.21 million
Net loans and leases $ 6.70 billion
Loan loss allowance $ 56.13 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.48 million
Goodwill and other intangibles $ 354.60 million
All other assets $ 222.03 million
     Total Assets $ 7.37 billion

LIABILITIES
Total deposits $ 6.53 billion
      Interest-bearing deposits $ 4.64 billion
      Deposits held in domestic offices $ 6.53 billion
      % insured (estimated) 56.42%
Federal funds purchased and repurchase agreements $ 215.65 million
Trading liabilities N.A.
Other borrowed funds $ 513.78 million
Subordinated debt N.A.
All other liabilities $ 116.04 millionn
      Total Liabilities $ 7.37 billion
      Shareholders’ Equity $ 1,242.23 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 347.29 million
Total Interest Expense $ 79.93 million
Net interest income $ 267.36 million
Provision for loan and lease losses $ 4.68 million
Total non interest income $ 71.09 million
Total non interest expense $ 177.42 million
Pre-tax Net Operating Income $ 156.34 million

Sandy Spring Bank is an FDIC insured institution headquartered at 17801 Georgia Avenue, Olney, MD 20832.
It was founded in 1900 and has approximately $9 billion in assets. Customers can open an account at one of its 65 branches.