Sandy Spring Bank Mortgage Rates, Fees & Info

Olney, MD

LEI: 549300NQA30MEKPQP417

Tax ID: 52-0312970

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Sandy Spring Bank is a small bank specializing in Home Purchase loans. Sandy Spring Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Baltimore, Salisbury, Hagerstown, and Richmond among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sandy Spring Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Sandy Spring Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.99% 4/18/24
    30 Year Conventional Purchase 6.50% 4/18/24
    30 Year Conventional Refi 6.36% 4/18/24
    30 Year Cash-out Refi 6.52% 4/18/24
    30 Year FHA Purchase 7.31% 4/18/24
    30 Year FHA Refi 7.03% 4/18/24
    30 Year VA Purchase 6.21% 4/18/24
    30 Year USDA Purchase 6.89% 4/18/24
    15 Year Conventional Purchase 6.01% 4/18/24
    15 Year Conventional Refi 6.01% 4/18/24
    15 Year Cash-out Refi 6.01% 4/18/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Sandy Spring Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Sandy Spring Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    3,022

    Origination Dollar Volume (All Markets)

    $1,091,850,000

    Employee count

    910

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2,332 $869,160,000 $372,710 $5,900 4.31%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 547 $177,565,000 $324,616 $5,091 4.27%
    SALISBURY, MD-DE (FHA|USDA|VA) 22 $7,780,000 $353,636 $4,925 4.00%
    Outside of Metro Areas 20 $5,620,000 $281,000 $6,498 4.58%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 15 $3,675,000 $245,000 $5,609 4.60%
    RICHMOND, VA (FHA|USDA|VA) 6 $2,980,000 $496,667 $8,315 4.40%
    Kill Devil Hills, NC (FHA|USDA|VA) 2 $2,920,000 $1,460,000 $3,712 4.50%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 5 $2,155,000 $431,000 $4,394 4.43%
    WINCHESTER, VA-WV (FHA|USDA|VA) 8 $2,010,000 $251,250 $3,751 4.75%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 4 $1,920,000 $480,000 $3,325 5.31%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $1,660,000 $830,000 $7,979 4.19%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 6 $1,640,000 $273,333 $5,197 4.58%
    Easton, MD (FHA|USDA|VA) 2 $1,310,000 $655,000 $4,900 3.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 4 $1,120,000 $280,000 $7,019 4.84%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $915,000 $305,000 $3,683 4.17%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $770,000 $385,000 $3,886 4.31%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 3 $705,000 $235,000 $7,289 4.58%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 3 $645,000 $215,000 $3,710 4.46%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $620,000 $310,000 $3,697 4.75%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $515,000 $515,000 $4,419 4.88%
    ROANOKE, VA (FHA|USDA|VA) 2 $470,000 $235,000 $4,333 4.50%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $460,000 $230,000 $6,392 4.56%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 3 $435,000 $145,000 $4,126 4.63%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 2 $430,000 $215,000 $3,765 4.00%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $390,000 $195,000 $4,023 5.00%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $360,000 $180,000 $2,853 4.63%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $335,000 $335,000 $6,398 4.75%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $335,000 $335,000 $5,031 5.00%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $315,000 $315,000 $0 5.95%
    YORK-HANOVER, PA (FHA|USDA|VA) 1 $265,000 $265,000 $4,348 4.50%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $235,000 $235,000 $3,331 4.63%
    AKRON, OH (FHA|USDA|VA) 1 $225,000 $225,000 $9,347 4.13%
    SAVANNAH, GA (FHA|USDA|VA) 1 $225,000 $225,000 $3,612 4.38%
    COLUMBUS, OH (FHA|USDA|VA) 2 $200,000 $100,000 $3,967 5.75%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $195,000 $195,000 $7,202 4.38%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $175,000 $175,000 $3,662 4.88%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $175,000 $175,000 $3,971 4.88%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $155,000 $155,000 $6,283 4.50%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $135,000 $135,000 $4,997 4.88%
    Henderson, NC (FHA|USDA|VA) 1 $125,000 $125,000 $3,033 4.13%
    CLARKSVILLE, TN-KY (FHA|USDA|VA) 1 $125,000 $125,000 $3,800 4.38%
    HARRISONBURG, VA (FHA|USDA|VA) 1 $125,000 $125,000 $3,432 5.25%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $105,000 $105,000 $2,913 5.75%
    THE VILLAGES, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,045 4.50%
    OCALA, FL (FHA|USDA|VA) 1 $65,000 $65,000 $5,683 4.88%
    Sandy Spring Bank's top markets include Washington, Baltimore, Salisbury, Hagerstown, and Richmond among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Sandy Spring Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    APL
    Similarity Rank: 32
    ABNB Federal Credit Union
    Similarity Rank: 40
    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 54
    DUPONT COMMUNITY
    Similarity Rank: 55
    Iron Workers Savings Bank
    Similarity Rank: 63
    UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION,INC.
    Similarity Rank: 96
    DOMINION ENERGY CREDIT UNION
    Similarity Rank: 108
    Haddon Savings Bank
    Similarity Rank: 116
    BEACH MUNICIPAL FEDERAL CREDIT UNION
    Similarity Rank: 123
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 126

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,026 $874,900,000 $431,836 $5,085 4.71%
    HELOC 670 $103,410,000 $154,343 n/a 3.10%
    FHA 214 $65,080,000 $304,112 $9,333 4.70%
    VA 102 $46,120,000 $452,157 $9,471 4.35%
    USDA 10 $2,340,000 $234,000 $5,785 4.35%

    For 2018, Sandy Spring Bank's most frequently originated type of loan was Conventional, with 2,026 originations. Their 2nd most popular type was HELOC, with 670 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,920 $804,100,000 $418,802 $5,853 4.65%
    Home Improvement 442 $61,760,000 $139,729 $4,170 3.37%
    Refi 265 $133,455,000 $503,604 $5,335 4.46%
    Other 200 $32,410,000 $162,050 $4,073 3.46%
    Cash Out Refi 195 $60,125,000 $308,333 $4,687 4.16%

    For 2018, Sandy Spring Bank's most frequently cited loan purpose was Home Purchase, with 1,920 originations. The 2nd most popular reason was Home Improvement, with 442 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,805 $650,875,000 $360,596 $5,246 4.61%
    30+ year 906 $311,390,000 $343,698 $9,764 3.44%
    15 Year 82 $23,960,000 $292,195 $4,224 4.32%
    1 Year 68 $21,690,000 $318,971 $0 5.97%
    10 Year 50 $27,220,000 $544,400 $3,624 5.26%
    20 Year 41 $5,285,000 $128,902 $3,682 5.86%
    Other 35 $30,855,000 $881,571 $8,759 5.49%
    5 Year 30 $18,590,000 $619,667 $0 5.48%
    3 Year 5 $1,985,000 $397,000 $0 5.22%

    For 2018, Sandy Spring Bank's most frequently cited loan duration was 30 Year, with 1,805 originations. The 2nd most popular length was 30+ year, with 906 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,373 $545,205,000 $397,090
    $<1k 217 $9,145,000 $42,143
    $5k+ 215 $199,175,000 $926,395
    $2k-3k 148 $57,990,000 $391,824
    $4k-5k 108 $51,920,000 $480,741
    $3k-4k 82 $33,590,000 $409,634

    Sandy Spring Bank's average total fees were $5,246, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,373 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,605 $746,665,000 $465,212
    3-4% 428 $140,800,000 $328,972
    2.5-3% 373 $56,015,000 $150,174
    5-6% 320 $125,330,000 $391,656
    6-7% 64 $13,320,000 $208,125
    <2.5% 39 $7,935,000 $203,462
    7-8% 9 $455,000 $50,556
    Over 8% 2 $420,000 $210,000

    During 2018, Sandy Spring Bank's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 1,605 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,031 $298,785,000 $289,801 $5,574 4.48%
    $100,000 or less 555 $20,695,000 $37,288 $260 3.74%
    $400k-600k 504 $241,010,000 $478,194 $6,425 4.47%
    $100k-200k 464 $67,400,000 $145,259 $4,044 4.05%
    $600k-1MM 308 $225,710,000 $732,825 $7,641 4.52%
    $1MM+ 160 $238,250,000 $1,489,063 $11,160 4.48%

    2018 saw Sandy Spring Bank place emphasis on $200k-400k loans with 1,031 originations, totaling $298,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 616 $183,000,000 $297,078 $5,630 4.28%
    $150k-250k 594 $249,710,000 $420,387 $6,302 4.17%
    $50k-75k 553 $104,045,000 $188,146 $4,458 4.42%
    $250k+ 490 $333,160,000 $679,918 $8,024 4.03%
    $75k-100k 470 $113,290,000 $241,043 $5,159 4.32%
    $50k or less 146 $20,130,000 $137,877 $4,247 4.30%

    Sandy Spring Bank lent most frequently to those with incomes in the $100k-150k range, with 616 originations. The second most popular income band? $150k-250k, with 594 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 484 $171,110,000 $353,533 $5,187 4.27%
    20-30% 481 $161,515,000 $335,790 $5,508 4.04%
    42% 213 $69,265,000 $325,188 $4,229 4.47%
    50-60% 198 $68,970,000 $348,333 $9,033 4.07%
    <20% 186 $53,620,000 $288,280 $5,124 3.78%
    41% 130 $46,300,000 $356,154 $5,160 4.44%
    40% 125 $44,495,000 $355,960 $5,215 4.43%
    39% 116 $44,210,000 $381,121 $5,576 4.46%
    38% 113 $40,925,000 $362,168 $5,199 4.34%
    49% 105 $36,295,000 $345,667 $6,602 4.27%
    44% 103 $37,075,000 $359,951 $6,136 4.49%
    36% 97 $39,655,000 $408,814 $5,761 4.26%
    37% 97 $37,605,000 $387,680 $5,173 4.36%
    43% 84 $27,940,000 $332,619 $5,969 4.36%
    45% 83 $24,085,000 $290,181 $5,670 4.34%
    46% 77 $26,585,000 $345,260 $6,785 4.30%
    48% 75 $21,265,000 $283,533 $6,702 4.36%
    47% 73 $28,225,000 $386,644 $7,293 4.24%
    >60% 30 $23,450,000 $781,667 $10,725 4.46%

    Sandy Spring Bank lent most frequently to those with DTI ratios of 30-36%, with 484 originations. The next most common DTI ratio? 20-30%, with 481 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,780 $601,770,000 $338,073 $5,809 4.19%
    Not provided 487 $221,415,000 $454,651 $6,161 4.26%
    Black 392 $96,650,000 $246,556 $4,756 4.54%
    Not applicable 141 $82,175,000 $582,801 $0 5.72%
    Asian 189 $75,905,000 $401,614 $6,100 4.13%
    Asian Indian 10 $7,270,000 $727,000 $5,522 4.65%
    American Indian 16 $3,380,000 $211,250 $4,087 4.32%
    Other Asian 3 $1,925,000 $641,667 $11,739 4.92%
    Chinese 2 $760,000 $380,000 $10,320 4.75%
    Native Hawaiian or Islander 2 $600,000 $300,000 $11,374 3.81%

    Approval Rates

    Total approvals of all applications
    84.63%

    Sandy Spring Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    78.29%

    Sandy Spring Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,022 $1,091,850,000 $361,300

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 15 $34,955,000 $2,330,333
    Single Family (1-4 Units):Site-Built 3,007 $1,056,895,000 $351,478

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 278 $55,880,000 $201,007 $3,880 3.41%
    40-60% 258 $108,340,000 $419,922 $4,948 4.28%
    60-80% 570 $308,100,000 $540,526 $5,728 4.63%
    80-100% 1,277 $573,345,000 $448,978 $6,596 4.62%
    Over 100% 30 $12,120,000 $404,000 $14,043 4.38%
    Under 20% 608 $33,480,000 $55,066 $74 3.57%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Sandy Spring Bank 1 Ashton Road Ashton, MD 20861 Full Service B&M $119,432
    Sandy Spring Bank 1 Catoctin Circle Ne Leesburg, VA 20176 Full Service B&M $47,972
    Sandy Spring Bank 1003 West Patrick Street Frederick, MD 21702 Full Service B&M $36,265
    Sandy Spring Bank 1025 Connecticut Avenue, N.W., 1st Floor Washington, DC 20036 Full Service B&M $92,242
    Sandy Spring Bank 10329 Old Georgetown Road Bethesda, MD 20816 Full Service B&M $157,072
    Sandy Spring Bank 1146 - 19th Street, N.W. Washington, DC 20036 Full Service B&M $148,698
    Sandy Spring Bank 115 North Washington Street Alexandria, VA 22314 Full Service B&M $12,194
    Sandy Spring Bank 11636 Plaza America Drive Reston, VA 20190 Full Service B&M $570,063
    Sandy Spring Bank 116_mitchells Chance Road Edgewater, MD 21037 Full Service B&M $89,335
    Sandy Spring Bank 12276 Clarksville Pike Clarksville, MD 21029 Full Service B&M $255,642
    Sandy Spring Bank 12735 Shoppes Lane Fairfax, VA 22033 Full Service B&M $109,186
    Sandy Spring Bank 1299 Pennsylvania Avenue, Nw Washington, DC 20004 Full Service B&M $10,184
    Sandy Spring Bank 13081 Worldgate Drive Herndon, VA 20170 Full Service B&M $56,740
    Sandy Spring Bank 13300 New Hampshire Avenue Colesville, MD 20904 Full Service B&M $224,580
    Sandy Spring Bank 1356 Chain Bridge Road Mclean, VA 22101 Full Service B&M $27,696
    Sandy Spring Bank 14 West Patrick Street Frederick, MD 21701 Full Service B&M $41,149
    Sandy Spring Bank 14231 Willard Road Chantilly, VA 20151 Full Service B&M $66,897
    Sandy Spring Bank 14241 Layhill Road Silver Spring, MD 20906 Full Service B&M $91,955
    Sandy Spring Bank 14404 Baltimore Avenue Laurel, MD 20707 Full Service B&M $75,350
    Sandy Spring Bank 14941 Shady Grove Road Rockville, MD 20850 Full Service B&M $35,171
    Sandy Spring Bank 1601 And 1603 East Gude Drive Rockville, MD 20850 Full Service B&M $117,414
    Sandy Spring Bank 166 Jennifer Road Annapolis, MD 21401 Full Service B&M $177,197
    Sandy Spring Bank 17801 Georgia Avenue Olney, MD 20832 Full Service B&M $0
    Sandy Spring Bank 17801 Georgia Avenue Olney, MD 20832 Full Service B&M $620,373
    Sandy Spring Bank 19460 Golf Vista Plaza Leesburg, VA 20176 Full Service B&M $14,215
    Sandy Spring Bank 20930 Frederick Road Germantown, MD 20876 Full Service B&M $74,564
    Sandy Spring Bank 2095 Chain Bridge Road Vienna, VA 22182 Full Service B&M $88,062
    Sandy Spring Bank 26250 Ridge Road Damascus, MD 20872 Full Service B&M $102,090
    Sandy Spring Bank 3535 Spencerville Road Burtonsville, MD 20866 Full Service B&M $148,844
    Sandy Spring Bank 3701 International Drive Silver Spring, MD 20906 Full Service B&M $50
    Sandy Spring Bank 3801 International Drive Silver Spring, MD 20906 Full Service B&M $118,788
    Sandy Spring Bank 4001 Mountain Road Pasadena, MD 21122 Full Service B&M $64,352
    Sandy Spring Bank 409 Russell Avenue Gaithersburg, MD 20877 Full Service B&M $38,528
    Sandy Spring Bank 425 East Ridgeville Blvd Mount Airy, MD 21771 Full Service B&M $45,033
    Sandy Spring Bank 4451 Parliament Place Lanham, MD 20706 Full Service B&M $29,327
    Sandy Spring Bank 4501 N Fairfax Drive Arlington, VA 22203 Full Service B&M $37,681
    Sandy Spring Bank 46901 Cedar Lakes Plaza Sterling, VA 20164 Full Service B&M $59,344
    Sandy Spring Bank 5250 Port Roayal Road Springfield, VA 22151 Full Service B&M $62,027
    Sandy Spring Bank 596 N Frederick Avenue Gaithersburg, MD 20877 Full Service B&M $94,678
    Sandy Spring Bank 6089 Oxon Hill Road Oxon Hill, MD 20745 Full Service B&M $27,054
    Sandy Spring Bank 611 Rockville Pike Rockville, MD 20852 Full Service B&M $304,840
    Sandy Spring Bank 6329 Greenbelt Road College Park, MD 20740 Full Service B&M $29,511
    Sandy Spring Bank 6560 Mercantile Drive, East Frederick, MD 21703 Full Service B&M $34,573
    Sandy Spring Bank 710-M Lisbon Center Drive Woodbine, MD 21797 Full Service B&M $100,139
    Sandy Spring Bank 7405 Ritchie Highway Glen Burnie, MD 21060 Full Service B&M $94,632
    Sandy Spring Bank 7550 Wisconsin Avenue Suite 100 Bethesda, MD 20814 Full Service B&M $127,256
    Sandy Spring Bank 7653 Lindbergh Drive Gaithersburg, MD 20879 Full Service B&M $194,953
    Sandy Spring Bank 8310 Veterans Highway Millersville, MD 21108 Full Service B&M $99,401
    Sandy Spring Bank 8315 Ice Crystal Drive Laurel, MD 20723 Full Service B&M $66,537
    Sandy Spring Bank 8677 Georgia Avenue Silver Spring, MD 20910 Full Service B&M $48,117
    Sandy Spring Bank 8921 Fingerboard Road Frederick, MD 21704 Full Service B&M $48,539
    Sandy Spring Bank 9150 Manassas Drive Manassas Park, VA 20111 Full Service B&M $44,208
    Sandy Spring Bank 9812 Falls Road Ste 125 Potomac, MD 20854 Full Service B&M $87,480
    Sandy Spring Bank 9851 Georgetown Pike Great Falls, VA 22066 Full Service B&M $121,266
    Sandy Spring Bank 9910 Main Street Fairfax, VA 22031 Full Service B&M $211,972
    Sandy Spring Bank 9921 Stedwick Road Gaithersburg, MD 20879 Full Service B&M $56,252

    For 2018, Sandy Spring Bank had 56 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $323,520
    Net interest income $261,516
    Total noninterest income $60,453
    Gross Fiduciary activities income $11,550
    Service charges on deposit accounts $9,708
    Trading account gains and fees $0
    Additional Noninterest Income $39,195
    Pre-tax net operating income $134,660
    Securities gains (or losses, -) $190
    Income before extraordinary items $102,744
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $102,744
    Minority interest net income $0
    Net income $102,744
    Sale, conversion, retirement of capital stock, net $2,477
    Net operating income $102,593

    Sandy Spring Bank's gross interest income from loans was $323,520,000.
    Sandy Spring Bank's net interest income from loans was $261,516,000.
    Sandy Spring Bank's fee based income from loans was $9,708,000.
    Sandy Spring Bank's net income from loans was $102,744,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $62,004
    Provision for credit losses $9,023
    Total noninterest expense $178,286
    Salaries and employee benefits $96,830
    Premises and equipment expense $26,485
    Additional noninterest expense $54,971
    Applicable income taxes $32,106
    Net charge-offs $792
    Cash dividends $39,370

    Sandy Spring Bank's interest expense for loans was $62,004,000.
    Sandy Spring Bank's payroll and benefits expense were $96,830,000.
    Sandy Spring Bank's property, plant and equipment expenses $26,485,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $5,938,023
    Deposits held in domestic offices $5,938,023
    Deposits by Individuals, partnerships, and corporations $5,348,218
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $172,431
    Deposits by Commercial banks and other depository institutions in U.S. $417,374
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $497,753
    Demand deposits $405,050
    Nontransaction accounts $5,440,270
    Money market deposit accounts (MMDAs) $3,583,876
    Other savings deposits (excluding MMDAs) $330,231
    Total time deposits $1,526,163
    Total time and savings deposits $5,532,973
    Noninterest-bearing deposits $1,750,329
    Interest-bearing deposits $4,187,694
    Retail deposits $5,165,758
    IRAs and Keogh plan accounts $98,467
    Brokered deposits $414,634
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $8,229,665
    Cash & Balances due from depository institutions $100,872
    Interest-bearing balances $33,858
    Total securities $927,217
    Federal funds sold & reverse repurchase $609
    Net loans and leases $6,540,920
    Loan and leases loss allowance $53,487
    Trading account assets $0
    Bank premises and fixed assets $59,434
    Other real estate owned $1,584
    Goodwill and other intangibles $356,705
    All other assets $242,324

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $8,229,665
    Total Liabilities $7,163,115
    Total deposits $5,938,023
    Interest-bearing deposits $4,187,694
    Deposits held in domestic offices $5,938,023
    % insured (estimated) $56
    Federal funds purchased and repurchase agreements $137,630
    Trading liabilities $0
    Other borrowed funds $1,038,611
    Subordinated debt $0
    All other liabilities $48,851

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $6,540,920
    Loan and leases loss allowance $53,487
    Total loans and leases (domestic) $6,594,407
    All real estate loans $5,899,306
    Real estate loans in domestic offices $5,899,306
    Construction and development loans $976,868
    Residential 1-4 family construction $536,661
    Other construction, all land development and other land $440,207
    Loans secured by nonfarm nonresidential properties $2,713,171
    Nonfarm nonresidential secured by owner-occupied properties $1,235,760
    Commercial real estate & other non-farm, non-residential $1,477,411
    Multifamily residential real estate $219,355
    1-4 family residential loans $1,982,841
    Farmland loans $7,071
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $658,922
    To non-U.S. addressees $0
    Loans to individuals $29,612
    Credit card loans $0
    Related Plans $18,339
    Consumer Auto Loans $5,149
    Other loans to individuals $6,124
    All other loans & leases $6,567
    Loans to foreign governments and official institutions $0
    Other loans $2,669
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,413
    Non 1-4 family restructured loans & leases $500
    Total loans and leases (foreign) $0

    Sandy Spring Bank had $6,540,920,000 of loans outstanding in 2018. $5,899,306,000 of loans were in real estate loans. $976,868,000 of loans were in development loans. $219,355,000 of loans were in multifamily mortgage loans. $1,982,841,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $5,149,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 1,249 $421,975 $337,850
    Nonfarm, nonresidential loans - <$100k 65 $2,620 $40,308
    Nonfarm, nonresidential loans - $100-250k 301 $39,898 $132,551
    Nonfarm, nonresidential loans - $250k-1MM 883 $379,457 $429,736
    Commercial & Industrial, US addressed loans - <$1MM 3,520 $298,490 $84,798
    Commercial & Industrial, US addressed loans - <$100k 1,976 $42,518 $21,517
    Commercial & Industrial, US addressed loans - $100-250k 674 $53,636 $79,579
    Commercial & Industrial, US addressed loans - $250k-1MM 870 $202,336 $232,570
    Farmland loans - <$1MM 3 $591 $197,000
    Farmland loans - $100-250k 1 $8 $8,000
    Farmland loans - $250k-1MM 2 $583 $291,500