This institution is no longer active

Operations ceased on April 1, 2023. CRA examination history below reflects the period it was active.

PROVIDENT STATE BANK, INC.

PRESTON, MD · Supervised by FDIC

Est. 1904FDIC #8,813RSSD: FDIC-8813

Part ofPSB HOLDING CORP→ View all charters

Satisfactory Same

Current rating · Exam: May 2022

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At a Glance

Community Lending (CRA)

Satisfactory

Meets federal requirements for community lending

Financial Health

Needs Attention

ROA -0.53%

Is this bank safe?

PROVIDENT STATE BANK, INC. holds a Satisfactory CRA rating (2022), shows financial metrics that merit closer review (ROA -0.53%). Consumers may want to review the details below before banking here.

Institution Profile

FDIC BankFind

Address

312 Main St, PRESTON, MD

County

Caroline County

Established

January 1, 1904

Total Assets

$568M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Satisfactory

Meets federal requirements for community lending

Exam Date

May 1, 2022

Exam Type

Intermediate Small Bank

Regulator

FDIC

What is a CRA rating? →

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q1 2023Call Report / FDIC

Total Assets

$568M

Total Deposits

$498M

Net Loans

$379M

Net Income

$-754K

ROA

-0.53%

Below avg for Small banks. Peer avg: 0.44%

ROE

-7.31%

Risk-Based Capital

14.31%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA-0.53%Peer avg: 0.44%▼ Below avg

Risk-Based Capital14.31%Peer avg: 23.03%▼ Below avg

Mortgage Denial Rate3.52%Peer avg: 6.90%▼ Fewer than avg

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Mortgage Lending

CFPB HMDA

Year	Applications	Orig. Rate	Denial Rate
2022	142	80.28%	3.52%
2021	256	87.89%	6.64%
2020	279	87.1%	4.66%

Denial rate = denials ÷ total applications. 2024 national avg: 23.75% · Small bank avg: 6.90% · above-average shown in red

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
May 2022	Satisfactory	Intermediate Small Bank
Jul 2019	Satisfactory	Intermediate Small Bank
Jun 2016	Satisfactory	Small Bank

7 previous ratings locked — back to 1990

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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