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 and Refi 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 California among others. We have data for 50 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% 4/21/24
    30 Year Conventional Purchase 6.50% 4/21/24
    30 Year Conventional Refi 6.36% 4/21/24
    30 Year Cash-out Refi 6.52% 4/21/24
    30 Year FHA Purchase 7.31% 4/21/24
    30 Year FHA Refi 7.03% 4/21/24
    30 Year VA Purchase 6.21% 4/21/24
    30 Year USDA Purchase 6.89% 4/21/24
    15 Year Conventional Purchase 6.01% 4/21/24
    15 Year Conventional Refi 6.01% 4/21/24
    15 Year Cash-out Refi 6.01% 4/21/24
    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

    3,356

    Origination Dollar Volume (All Markets)

    $1,294,400,000

    Employee count

    932

    Awards

    Sandy Spring Bank 30 Year Conventional Loans gold
    Show all (1) awards

    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) 2,598 $1,037,470,000 $399,334 $5,777 3.87%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 542 $183,780,000 $339,077 $5,405 4.07%
    SALISBURY, MD-DE (FHA|USDA|VA) 36 $10,310,000 $286,389 $4,198 3.90%
    Outside of Metro Areas 22 $6,730,000 $305,909 $5,371 4.21%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 23 $5,665,000 $246,304 $6,209 4.22%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 18 $5,290,000 $293,889 $7,738 3.86%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $4,650,000 $775,000 $8,310 3.94%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $3,895,000 $1,298,333 $7,731 3.75%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $3,885,000 $777,000 $5,730 4.68%
    RICHMOND, VA (FHA|USDA|VA) 13 $3,715,000 $285,769 $5,434 4.37%
    WINCHESTER, VA-WV (FHA|USDA|VA) 9 $3,495,000 $388,333 $5,163 4.38%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 7 $2,575,000 $367,857 $6,361 3.89%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $2,275,000 $758,333 $5,888 3.54%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $2,205,000 $315,000 $4,560 4.07%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $1,830,000 $457,500 $6,860 3.81%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,525,000 $305,000 $5,669 3.65%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 4 $1,280,000 $320,000 $4,223 4.00%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 4 $1,230,000 $307,500 $4,519 4.06%
    Key West, FL (FHA|USDA|VA) 1 $1,015,000 $1,015,000 $5,992 3.38%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $950,000 $237,500 $7,068 3.88%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $820,000 $410,000 $4,103 3.69%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $775,000 $258,333 $5,756 3.67%
    Cambridge, MD (FHA|USDA|VA) 2 $640,000 $320,000 $3,167 3.69%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $625,000 $625,000 $5,928 4.00%
    YORK-HANOVER, PA (FHA|USDA|VA) 4 $620,000 $155,000 $4,472 3.94%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $620,000 $310,000 $4,841 4.38%
    ASHEVILLE, NC (FHA|USDA|VA) 2 $620,000 $310,000 $5,562 3.69%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $600,000 $300,000 $4,096 3.56%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $480,000 $240,000 $3,164 3.81%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $405,000 $405,000 $5,345 4.38%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $365,000 $365,000 $3,387 4.63%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $355,000 $355,000 $2,610 3.75%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $345,000 $345,000 $4,612 3.63%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 2 $310,000 $155,000 $5,755 5.13%
    Morehead City, NC (FHA|USDA|VA) 1 $295,000 $295,000 $4,510 3.88%
    LANCASTER, PA (FHA|USDA|VA) 1 $295,000 $295,000 $4,490 3.13%
    DOVER, DE (FHA|USDA|VA) 1 $255,000 $255,000 $5,398 3.13%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $245,000 $245,000 $4,087 3.88%
    MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $235,000 $235,000 $3,589 4.00%
    AKRON, OH (FHA|USDA|VA) 1 $225,000 $225,000 $3,673 3.50%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 1 $215,000 $215,000 $0 5.75%
    JOHNSON CITY, TN (FHA|USDA|VA) 1 $175,000 $175,000 $3,213 4.38%
    Easton, MD (FHA|USDA|VA) 1 $165,000 $165,000 $3,272 4.38%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $155,000 $155,000 $2,224 3.75%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $145,000 $145,000 $3,620 4.88%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $145,000 $145,000 $3,481 4.13%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $135,000 $135,000 $4,178 5.00%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $125,000 $125,000 $5,738 5.25%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $125,000 $125,000 $5,541 3.63%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $115,000 $115,000 $2,278 5.13%
    Sandy Spring Bank's top markets include Washington, Baltimore, Salisbury, Hagerstown, and California among others.

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

    ABNB Federal Credit Union
    Similarity Rank: 75
    PATRIOT
    Similarity Rank: 96
    FIDELITY SAVINGS AND LOAN ASSOCIATION OF BUCKS COUNTY
    Similarity Rank: 122
    BEACH MUNICIPAL FEDERAL CREDIT UNION
    Similarity Rank: 160
    Prudential Bank
    Similarity Rank: 162
    DOMINION ENERGY CREDIT UNION
    Similarity Rank: 165
    CREDIT UNION OF NEW JERSEY
    Similarity Rank: 180
    POWER FINANCIAL
    Similarity Rank: 188
    Calvin B. Taylor Banking Company of Berlin, Maryland
    Similarity Rank: 204
    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 218

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,405 $1,030,075,000 $428,306 $4,984 3.93%
    HELOC 566 $122,270,000 $216,025 n/a 3.78%
    FHA 239 $75,605,000 $316,339 $10,114 4.18%
    VA 142 $65,520,000 $461,408 $9,498 3.74%
    USDA 4 $930,000 $232,500 $6,645 4.00%

    For 2019, Sandy Spring Bank's most frequently originated type of loan was Conventional, with 2,405 originations. Their 2nd most popular type was HELOC, with 566 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,762 $727,050,000 $412,628 $6,248 3.88%
    Refi 818 $396,410,000 $484,609 $4,695 3.90%
    Home Improvement 400 $56,390,000 $140,975 $12,264 3.92%
    Cash Out Refi 237 $92,795,000 $391,540 $4,873 4.13%
    Other 139 $21,755,000 $156,511 $0 4.04%

    For 2019, Sandy Spring Bank's most frequently cited loan purpose was Home Purchase, with 1,762 originations. The 2nd most popular reason was Refi, with 818 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,331 $898,335,000 $385,386 $5,477 3.82%
    30+ year 706 $227,990,000 $322,932 $10,828 3.86%
    15 Year 109 $38,695,000 $355,000 $3,935 3.72%
    20 Year 73 $20,875,000 $285,959 $3,904 4.85%
    10 Year 44 $26,560,000 $603,636 $3,122 4.95%
    Other 37 $26,375,000 $712,838 $7,276 5.57%
    1 Year 34 $12,690,000 $373,235 $0 6.14%
    5 Year 20 $10,300,000 $515,000 $0 5.58%
    3 Year 2 $32,580,000 $16,290,000 $0 5.32%

    For 2019, Sandy Spring Bank's most frequently cited loan duration was 30 Year, with 2,331 originations. The 2nd most popular length was 30+ year, with 706 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,903 $787,315,000 $413,723
    $<1k 209 $7,965,000 $38,110
    $5k+ 194 $161,640,000 $833,196
    $2k-3k 182 $78,480,000 $431,209
    $3k-4k 82 $33,540,000 $409,024
    $4k-5k 66 $31,570,000 $478,333

    Sandy Spring Bank's average total fees were $5,477, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,903 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,088 $772,570,000 $370,005
    4-5% 864 $382,030,000 $442,164
    5-6% 201 $115,115,000 $572,711
    <2.5% 132 $660,000 $5,000
    6-7% 49 $17,715,000 $361,531
    2.5-3% 13 $5,835,000 $448,846
    7-8% 9 $475,000 $52,778

    During 2019, Sandy Spring Bank's average interest rate for loans was 3.82%, while their most frequently originated rate bucket for loans was 3-4%, with 2,088 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,261 $380,595,000 $301,820 $5,635 4.08%
    $400k-600k 702 $337,370,000 $480,584 $6,392 4.02%
    $100,000 or less 468 $16,480,000 $35,214 $382 2.88%
    $100k-200k 434 $63,800,000 $147,005 $4,077 4.13%
    $600k-1MM 344 $252,730,000 $734,680 $7,313 4.12%
    $1MM+ 147 $243,425,000 $1,655,952 $10,064 4.18%

    2019 saw Sandy Spring Bank place emphasis on $200k-400k loans with 1,261 originations, totaling $380,595,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 781 $252,235,000 $322,964 $5,873 3.95%
    $150k-250k 701 $290,295,000 $414,116 $5,971 3.97%
    $75k-100k 535 $144,915,000 $270,869 $5,410 3.71%
    $250k+ 509 $351,145,000 $689,872 $6,837 4.01%
    $50k-75k 487 $101,315,000 $208,039 $4,938 3.65%
    $50k or less 154 $21,890,000 $142,143 $4,200 3.60%

    Sandy Spring Bank lent most frequently to those with incomes in the $100k-150k range, with 781 originations. The second most popular income band? $150k-250k, with 701 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 647 $250,565,000 $387,272 $5,154 3.88%
    30-36% 542 $208,820,000 $385,277 $5,666 3.84%
    <20% 318 $121,370,000 $381,667 $5,006 3.82%
    42% 157 $55,325,000 $352,389 $5,552 3.71%
    50-60% 144 $49,560,000 $344,167 $10,615 4.16%
    39% 132 $49,130,000 $372,197 $5,197 3.77%
    44% 131 $38,325,000 $292,557 $5,284 3.82%
    40% 125 $45,845,000 $366,760 $5,086 3.82%
    41% 118 $50,170,000 $425,169 $5,510 3.76%
    37% 116 $41,850,000 $360,776 $5,627 3.83%
    38% 108 $41,980,000 $388,704 $6,048 3.90%
    36% 104 $36,700,000 $352,885 $5,015 3.65%
    49% 100 $34,040,000 $340,400 $5,983 3.90%
    48% 91 $30,325,000 $333,242 $6,770 3.92%
    43% 89 $25,625,000 $287,921 $5,191 3.74%
    47% 88 $28,940,000 $328,864 $6,066 3.96%
    45% 86 $24,730,000 $287,558 $4,966 3.75%
    46% 77 $25,245,000 $327,857 $6,654 4.02%
    >60% 14 $7,380,000 $527,143 $10,408 5.11%

    Sandy Spring Bank lent most frequently to those with DTI ratios of 20-30%, with 647 originations. The next most common DTI ratio? 30-36%, with 542 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,822 $689,830,000 $378,611 $5,615 3.90%
    Not provided 417 $202,295,000 $485,120 $5,792 3.88%
    Black 690 $184,230,000 $267,000 $5,930 3.65%
    Asian 299 $108,715,000 $363,595 $5,328 3.96%
    Not applicable 110 $100,600,000 $914,545 $0 5.69%
    American Indian 11 $3,835,000 $348,636 $5,946 4.38%
    Other Asian 3 $3,345,000 $1,115,000 $15,921 5.23%
    Native Hawaiian or Islander 3 $1,215,000 $405,000 $3,487 3.91%
    Asian Indian 1 $335,000 $335,000 $4,371 4.00%

    Approval Rates

    Total approvals of all applications
    89.58%

    Sandy Spring Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.52%

    Sandy Spring Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,356 $1,294,400,000 $385,697

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 14 $48,840,000 $3,488,571
    Single Family (1-4 Units):Site-Built 3,342 $1,245,560,000 $372,699

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 268 $54,930,000 $204,963 $4,062 3.90%
    40-60% 295 $128,715,000 $436,322 $4,385 4.04%
    60-80% 817 $426,275,000 $521,756 $4,829 4.15%
    80-100% 1,380 $621,600,000 $450,435 $6,956 4.12%
    Over 100% 45 $19,315,000 $429,222 $14,938 3.75%
    Under 20% 519 $28,235,000 $54,403 $157 2.96%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Sandy Spring Bank 1 Ashton Road Ashton, MD 20861 Full Service B&M $128,618
    Sandy Spring Bank 1 Catoctin Circle Ne Leesburg, VA 20176 Full Service B&M $57,597
    Sandy Spring Bank 1003 West Patrick Street Frederick, MD 21702 Full Service B&M $52,014
    Sandy Spring Bank 1025 Connecticut Avenue, N.W., 1st Floor Washington, DC 20036 Full Service B&M $88,034
    Sandy Spring Bank 10329 Old Georgetown Road Bethesda, MD 20816 Full Service B&M $163,193
    Sandy Spring Bank 1146 - 19th Street, N.W. Washington, DC 20036 Full Service B&M $87,337
    Sandy Spring Bank 115 North Washington Street Alexandria, VA 22314 Full Service B&M $15,069
    Sandy Spring Bank 11636 Plaza America Drive Reston, VA 20190 Full Service B&M $234,432
    Sandy Spring Bank 116_mitchells Chance Road Edgewater, MD 21037 Full Service B&M $86,132
    Sandy Spring Bank 12276 Clarksville Pike Clarksville, MD 21029 Full Service B&M $305,121
    Sandy Spring Bank 12735 Shoppes Lane Fairfax, VA 22033 Full Service B&M $85,469
    Sandy Spring Bank 1299 Pennsylvania Avenue, Nw Washington, DC 20004 Full Service B&M $12,008
    Sandy Spring Bank 13081 Worldgate Drive Herndon, VA 20170 Full Service B&M $57,100
    Sandy Spring Bank 13300 New Hampshire Avenue Colesville, MD 20904 Full Service B&M $233,762
    Sandy Spring Bank 1356 Chain Bridge Road Mclean, VA 22101 Full Service B&M $34,904
    Sandy Spring Bank 14 West Patrick Street Frederick, MD 21701 Full Service B&M $41,609
    Sandy Spring Bank 14231 Willard Road Chantilly, VA 20151 Full Service B&M $83,829
    Sandy Spring Bank 14241 Layhill Road Silver Spring, MD 20906 Full Service B&M $104,993
    Sandy Spring Bank 14404 Baltimore Avenue Laurel, MD 20707 Full Service B&M $66,161
    Sandy Spring Bank 14941 Shady Grove Road Rockville, MD 20850 Full Service B&M $28,413
    Sandy Spring Bank 1601 And 1603 East Gude Drive Rockville, MD 20850 Full Service B&M $114,459
    Sandy Spring Bank 166 Jennifer Road Annapolis, MD 21401 Full Service B&M $205,672
    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 $1,261,902
    Sandy Spring Bank 19460 Golf Vista Plaza Leesburg, VA 20176 Full Service B&M $14,562
    Sandy Spring Bank 20930 Frederick Road Germantown, MD 20876 Full Service B&M $80,717
    Sandy Spring Bank 2095 Chain Bridge Road Vienna, VA 22182 Full Service B&M $92,772
    Sandy Spring Bank 26250 Ridge Road Damascus, MD 20872 Full Service B&M $111,837
    Sandy Spring Bank 3535 Spencerville Road Burtonsville, MD 20866 Full Service B&M $157,996
    Sandy Spring Bank 3701 International Drive Silver Spring, MD 20906 Full Service B&M $44
    Sandy Spring Bank 3801 International Drive Silver Spring, MD 20906 Full Service B&M $132,731
    Sandy Spring Bank 4001 Mountain Road Pasadena, MD 21122 Full Service B&M $73,879
    Sandy Spring Bank 409 Russell Avenue Gaithersburg, MD 20877 Full Service B&M $36,527
    Sandy Spring Bank 425 East Ridgeville Blvd Mount Airy, MD 21771 Full Service B&M $54,176
    Sandy Spring Bank 4451 Parliament Place Lanham, MD 20706 Full Service B&M $31,132
    Sandy Spring Bank 4501 N Fairfax Drive Arlington, VA 22203 Full Service B&M $40,241
    Sandy Spring Bank 46901 Cedar Lakes Plaza Sterling, VA 20164 Full Service B&M $34,115
    Sandy Spring Bank 484 N Frederick Avenue Gaithersburg, MD 20877 Full Service B&M $111,927
    Sandy Spring Bank 5250 Port Roayal Road Springfield, VA 22151 Full Service B&M $57,907
    Sandy Spring Bank 6089 Oxon Hill Road Oxon Hill, MD 20745 Full Service B&M $35,301
    Sandy Spring Bank 611 Rockville Pike Rockville, MD 20852 Full Service B&M $363,285
    Sandy Spring Bank 6329 Greenbelt Road College Park, MD 20740 Full Service B&M $24,457
    Sandy Spring Bank 6560 Mercantile Drive, East Frederick, MD 21703 Full Service B&M $56,396
    Sandy Spring Bank 710-M Lisbon Center Drive Woodbine, MD 21797 Full Service B&M $122,133
    Sandy Spring Bank 7405 Ritchie Highway Glen Burnie, MD 21060 Full Service B&M $96,589
    Sandy Spring Bank 7550 Wisconsin Avenue Suite 100 Bethesda, MD 20814 Full Service B&M $123,505
    Sandy Spring Bank 7653 Lindbergh Drive Gaithersburg, MD 20879 Full Service B&M $202,541
    Sandy Spring Bank 8310 Veterans Highway Millersville, MD 21108 Full Service B&M $100,116
    Sandy Spring Bank 8315 Ice Crystal Drive Laurel, MD 20723 Full Service B&M $65,218
    Sandy Spring Bank 8401 Colesville Road Silver Spring, MD 20910 Full Service B&M $49,529
    Sandy Spring Bank 8921 Fingerboard Road Frederick, MD 21704 Full Service B&M $60,447
    Sandy Spring Bank 9150 Manassas Drive Manassas Park, VA 20111 Full Service B&M $47,850
    Sandy Spring Bank 9812 Falls Road Ste 125 Potomac, MD 20854 Full Service B&M $90,221
    Sandy Spring Bank 9851 Georgetown Pike Great Falls, VA 22066 Full Service B&M $112,894
    Sandy Spring Bank 9910 Main Street Fairfax, VA 22031 Full Service B&M $223,050
    Sandy Spring Bank 9921 Stedwick Road Gaithersburg, MD 20879 Full Service B&M $61,175

    For 2019, Sandy Spring Bank had 56 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $347,290
    Net interest income $267,356
    Total noninterest income $71,086
    Gross Fiduciary activities income $12,293
    Service charges on deposit accounts $10,074
    Trading account gains and fees $0
    Additional Noninterest Income $48,719
    Pre-tax net operating income $156,340
    Securities gains (or losses, -) $77
    Income before extraordinary items $119,254
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $119,254
    Minority interest net income $0
    Net income $119,254
    Sale, conversion, retirement of capital stock, net $2,854
    Net operating income $119,193

    Sandy Spring Bank's gross interest income from loans was $347,290,000.
    Sandy Spring Bank's net interest income from loans was $267,356,000.
    Sandy Spring Bank's fee based income from loans was $10,074,000.
    Sandy Spring Bank's net income from loans was $119,254,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $79,934
    Provision for credit losses $4,683
    Total noninterest expense $177,419
    Salaries and employee benefits $103,762
    Premises and equipment expense $28,905
    Additional noninterest expense $44,752
    Applicable income taxes $37,163
    Net charge-offs $2,036
    Cash dividends $42,625

    Sandy Spring Bank's interest expense for loans was $79,934,000.
    Sandy Spring Bank's payroll and benefits expense were $103,762,000.
    Sandy Spring Bank's property, plant and equipment expenses $28,905,000.

    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 1.0%
    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 $6,528,645
    Deposits held in domestic offices $6,528,645
    Deposits by Individuals, partnerships, and corporations $6,121,752
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $147,088
    Deposits by Commercial banks and other depository institutions in U.S. $259,805
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $676,653
    Demand deposits $448,127
    Nontransaction accounts $5,851,992
    Money market deposit accounts (MMDAs) $3,979,751
    Other savings deposits (excluding MMDAs) $329,919
    Total time deposits $1,542,322
    Total time and savings deposits $6,080,518
    Noninterest-bearing deposits $1,892,063
    Interest-bearing deposits $4,636,582
    Retail deposits $5,880,476
    IRAs and Keogh plan accounts $102,897
    Brokered deposits $252,214
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $8,616,347
    Cash & Balances due from depository institutions $145,895
    Interest-bearing balances $63,426
    Total securities $1,062,903
    Federal funds sold & reverse repurchase $208
    Net loans and leases $6,702,799
    Loan and leases loss allowance $56,134
    Trading account assets $0
    Bank premises and fixed assets $126,434
    Other real estate owned $1,482
    Goodwill and other intangibles $354,597
    All other assets $222,029

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $8,616,347
    Total Liabilities $7,374,118
    Total deposits $6,528,645
    Interest-bearing deposits $4,636,582
    Deposits held in domestic offices $6,528,645
    % insured (estimated) $56
    Federal funds purchased and repurchase agreements $215,652
    Trading liabilities $0
    Other borrowed funds $513,777
    Subordinated debt $0
    All other liabilities $116,044

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $6,702,799
    Loan and leases loss allowance $56,134
    Total loans and leases (domestic) $6,758,933
    All real estate loans $6,070,913
    Real estate loans in domestic offices $6,070,913
    Construction and development loans $925,475
    Residential 1-4 family construction $477,171
    Other construction, all land development and other land $448,304
    Loans secured by nonfarm nonresidential properties $2,962,861
    Nonfarm nonresidential secured by owner-occupied properties $1,302,582
    Commercial real estate & other non-farm, non-residential $1,660,279
    Multifamily residential real estate $257,401
    1-4 family residential loans $1,916,062
    Farmland loans $9,114
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $628,996
    To non-U.S. addressees $0
    Loans to individuals $26,906
    Credit card loans $0
    Related Plans $16,909
    Consumer Auto Loans $5,119
    Other loans to individuals $4,878
    All other loans & leases $32,118
    Loans to foreign governments and official institutions $0
    Other loans $27,510
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $100
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,761
    Non 1-4 family restructured loans & leases $1,192
    Total loans and leases (foreign) $0

    Sandy Spring Bank had $6,702,799,000 of loans outstanding in 2019. $6,070,913,000 of loans were in real estate loans. $925,475,000 of loans were in development loans. $257,401,000 of loans were in multifamily mortgage loans. $1,916,062,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $5,119,000 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 1,235 $425,369 $344,428
    Nonfarm, nonresidential loans - <$100k 61 $2,412 $39,541
    Nonfarm, nonresidential loans - $100-250k 299 $38,997 $130,425
    Nonfarm, nonresidential loans - $250k-1MM 875 $383,960 $438,811
    Commercial & Industrial, US addressed loans - <$1MM 3,606 $298,041 $82,651
    Commercial & Industrial, US addressed loans - <$100k 2,055 $43,482 $21,159
    Commercial & Industrial, US addressed loans - $100-250k 662 $49,885 $75,355
    Commercial & Industrial, US addressed loans - $250k-1MM 889 $204,674 $230,229
    Farmland loans - <$1MM 4 $783 $195,750
    Farmland loans - $100-250k 1 $1 $1,000
    Farmland loans - $250k-1MM 3 $782 $260,667