PackageTrendsPeer
Letter portraitLegal landscape

Provident State Bank of Preston, MD, Inc.

Preston, MD · Cert 8813

FDIC · 10 branches

Q1 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2023, the quarter ended March 31, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Provident State Bank of Preston, MD, Inc.

Preston, MD · Cert 8813

FDIC · 10 branches

Q1 2023

$568.3MAssets
$381.9MLoans
$498.0MDeposits
$40.4MEquity
Loan mix
91%RE $238.2M6%C&I $16.4M3%Consumer $7.2MQ1 2022Q1 2023
Deposit mix
66%Interest-bearing $327.8M34%Noninterest $170.3MQ1 2022Q1 2023

NIM

3.75%Q1 ’213.13%Q1 ’223.66%Q1 ’23-13%+7%

Non-interest income vs. expense

2.47%Q1 ’212.38%Q1 ’224.15%Q1 ’23-5%+101%

Market Position · Salisbury, MD-DE · 2022 SOD (annual) · 0.0% share · #22 of 24 inst. · $0.0B of $91.6B

44.6% Caroline
13.8% Dorchester
5.2% Talbot
0.0% Sussex

Executive Summary

  • Earnings: ROA of -0.53%, down 126 bps year over year; NIM at 3.02%.
  • Asset quality: problem loans at 0.12% of loans (-59 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.32%, down 21 bps from a year ago.
  • Funding: loans stand at 76.69% of deposits as of Q1 2023.

Financial Results

Return on Assets (YTD, annualized)

-0.53%-126 bps YoY

Net Interest Margin (YTD, annualized)

3.02%+20 bps YoY

Efficiency Ratio (YTD, annualized)

121.42%+5,002 bps YoY

Tier 1 Leverage Ratio

9.32%-21 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets0.73%0.75%0.79%0.86%-0.53%-126 bps
Return on Equity8.38%8.99%9.98%11.03%-7.31%-1,569 bps
Net Interest Margin2.82%2.87%2.96%3.02%3.02%+20 bps
Efficiency Ratio71.39%70.86%69.90%68.78%121.42%+5,002 bps
Non-Interest Burden1.87%1.89%1.91%1.93%3.75%+189 bps
Growth
Asset Growth (YoY)0.78%1.79%2.07%-0.80%-1.36%-215 bps
Loan Growth (YoY)-5.76%-1.20%8.83%5.87%5.41%+1,117 bps
Deposit Growth (YoY)4.18%6.37%7.72%3.10%0.89%-329 bps
Asset Quality
Nonperforming Loans / Loans0.70%0.60%0.52%0.19%0.12%-59 bps
Net Charge-Offs / Loans0.04%0.00%-0.02%-0.03%0.01%-4 bps
Allowance / Loans1.07%1.07%1.08%1.08%0.87%-20 bps
Allowance Coverage of NPLs1.5x1.8x2.1x5.6x7.4x+5.9x
Capital
Tier 1 Leverage Ratio9.53%9.54%9.66%9.75%9.32%-21 bps
Total Risk-Based Capital14.66%14.65%14.59%14.94%14.31%-36 bps
Equity / Assets8.20%7.54%6.72%7.25%7.11%-109 bps
Liquidity & Funding
Loans / Deposits73.40%73.31%73.32%74.67%76.69%+328 bps
Liquid Assets / Assets1.71%6.70%8.56%5.51%5.21%+350 bps
CRE / Total Capitaln/an/an/an/an/an/an/a