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 Refi and Home Purchase loans. Sandy Spring Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Baltimore, Salisbury, Charleston, and Richmond among others. We have data for 64 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Sandy Spring Bank has an above 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

    5,804

    Origination Dollar Volume (All Markets)

    $2,346,360,000

    Employee count

    1,123

    Awards

    Sandy Spring Bank 30 Year Conventional Loans gold Sandy Spring Bank 30 Year Conventional Loans silver Sandy Spring Bank 30 Year Conventional Loans gold Sandy Spring Bank 30 Year Conventional Loans gold
    Show all (4) 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) 4,259 $1,831,875,000 $430,119 $5,364 3.18%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1,185 $396,065,000 $334,232 $4,793 3.28%
    SALISBURY, MD-DE (FHA|USDA|VA) 71 $27,305,000 $384,577 $4,573 2.98%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 14 $6,960,000 $497,143 $5,094 3.54%
    Outside of Metro Areas 25 $6,825,000 $273,000 $3,979 3.14%
    RICHMOND, VA (FHA|USDA|VA) 19 $6,395,000 $336,579 $4,338 2.95%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 27 $5,595,000 $207,222 $4,831 3.32%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 15 $4,925,000 $328,333 $5,302 3.00%
    Easton, MD (FHA|USDA|VA) 7 $4,395,000 $627,857 $5,563 3.07%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 13 $3,855,000 $296,538 $4,207 2.84%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 15 $3,585,000 $239,000 $3,652 2.91%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 12 $3,530,000 $294,167 $5,374 3.05%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 10 $2,670,000 $267,000 $4,864 3.61%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $2,665,000 $888,333 $7,619 3.63%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 9 $2,575,000 $286,111 $3,931 2.94%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 8 $2,440,000 $305,000 $4,379 3.08%
    ROANOKE, VA (FHA|USDA|VA) 7 $2,405,000 $343,571 $2,846 2.93%
    WILMINGTON, NC (FHA|USDA|VA) 6 $2,090,000 $348,333 $3,671 3.38%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $1,975,000 $282,143 $3,685 3.02%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $1,955,000 $1,955,000 $0 4.25%
    WINCHESTER, VA-WV (FHA|USDA|VA) 4 $1,480,000 $370,000 $5,189 2.94%
    RALEIGH-CARY, NC (FHA|USDA|VA) 5 $1,385,000 $277,000 $6,894 3.20%
    PITTSBURGH, PA (FHA|USDA|VA) 4 $1,370,000 $342,500 $7,599 3.16%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,335,000 $267,000 $4,981 2.55%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,260,000 $315,000 $3,975 3.42%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,210,000 $302,500 $5,028 3.09%
    JACKSONVILLE, FL (FHA|USDA|VA) 5 $1,205,000 $241,000 $3,712 2.78%
    Kill Devil Hills, NC (FHA|USDA|VA) 3 $1,165,000 $388,333 $3,421 3.46%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $1,025,000 $341,667 $8,167 3.42%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $970,000 $485,000 $4,442 3.06%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $895,000 $298,333 $6,498 2.63%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $855,000 $285,000 $3,496 2.83%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 3 $815,000 $271,667 $4,577 3.21%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $785,000 $261,667 $4,078 3.25%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $725,000 $725,000 $4,173 2.63%
    Seneca, SC (FHA|USDA|VA) 2 $680,000 $340,000 $5,113 3.93%
    GREELEY, CO (FHA|USDA|VA) 2 $590,000 $295,000 $2,982 2.88%
    Huntingdon, PA (FHA|USDA|VA) 2 $590,000 $295,000 $8,449 3.81%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $520,000 $260,000 $5,040 2.69%
    Roanoke Rapids, NC (FHA|USDA|VA) 1 $515,000 $515,000 $4,349 2.88%
    ASHEVILLE, NC (FHA|USDA|VA) 2 $510,000 $255,000 $3,345 3.13%
    Breckenridge, CO (FHA|USDA|VA) 1 $505,000 $505,000 $3,748 2.38%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $460,000 $230,000 $6,533 2.56%
    OCALA, FL (FHA|USDA|VA) 2 $440,000 $220,000 $4,812 2.75%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $435,000 $435,000 $3,612 2.63%
    SPARTANBURG, SC (FHA|USDA|VA) 2 $420,000 $210,000 $4,323 3.75%
    SAVANNAH, GA (FHA|USDA|VA) 1 $405,000 $405,000 $10,597 2.50%
    PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $345,000 $345,000 $4,493 2.75%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $335,000 $335,000 $5,383 3.25%
    Morehead City, NC (FHA|USDA|VA) 1 $305,000 $305,000 $4,277 3.00%
    Kinston, NC (FHA|USDA|VA) 1 $295,000 $295,000 $3,854 3.13%
    LANCASTER, PA (FHA|USDA|VA) 1 $275,000 $275,000 $3,664 3.13%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $7,812 3.50%
    YORK-HANOVER, PA (FHA|USDA|VA) 2 $260,000 $130,000 $3,162 3.88%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 1 $245,000 $245,000 $4,246 3.13%
    AKRON, OH (FHA|USDA|VA) 1 $225,000 $225,000 $3,266 3.00%
    GETTYSBURG, PA (FHA|USDA|VA) 2 $200,000 $100,000 $4,865 3.88%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 1 $195,000 $195,000 $3,677 2.13%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,972 2.75%
    READING, PA (FHA|USDA|VA) 1 $145,000 $145,000 $3,080 2.88%
    Edwards, CO (FHA|USDA|VA) 1 $135,000 $135,000 $3,197 2.88%
    Cambridge, MD (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.50%
    Marion, NC (FHA|USDA|VA) 1 $125,000 $125,000 $2,626 2.88%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 1 $65,000 $65,000 $4,539 3.13%
    Sandy Spring Bank's top markets include Washington, Baltimore, Salisbury, Charleston, and Richmond among others.

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

    BEACH MUNICIPAL FEDERAL CREDIT UNION
    Similarity Rank: 90
    The Glen Burnie Mutual Savings Bank
    Similarity Rank: 271
    PATRIOT
    Similarity Rank: 289
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 304
    ABNB Federal Credit Union
    Similarity Rank: 496
    First Citizens Community Bank
    Similarity Rank: 589
    BHCU
    Similarity Rank: 625
    We Florida Financial
    Similarity Rank: 638
    Prudential Bank
    Similarity Rank: 640
    DUPONT COMMUNITY
    Similarity Rank: 650

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,403 $1,996,935,000 $453,540 $4,730 3.14%
    HELOC 913 $156,435,000 $171,342 n/a 3.55%
    FHA 271 $89,835,000 $331,494 $10,063 3.16%
    VA 213 $102,015,000 $478,944 $8,410 2.80%
    USDA 4 $1,140,000 $285,000 $6,809 2.81%

    For 2020, Sandy Spring Bank's most frequently originated type of loan was Conventional, with 4,403 originations. Their 2nd most popular type was HELOC, with 913 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 2,637 $1,183,585,000 $448,838 $4,219 3.07%
    Home Purchase 1,978 $870,930,000 $440,308 $6,590 3.22%
    Home Improvement 544 $88,020,000 $161,801 $5,704 3.54%
    Cash Out Refi 475 $176,825,000 $372,263 $4,692 3.23%
    Other 170 $27,000,000 $158,824 $0 3.62%

    For 2020, Sandy Spring Bank's most frequently cited loan purpose was Refi, with 2,637 originations. The 2nd most popular reason was Home Purchase, with 1,978 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,841 $1,629,135,000 $424,143 $5,130 3.12%
    30+ year 1,094 $344,250,000 $314,671 $11,508 3.50%
    15 Year 486 $164,420,000 $338,313 $3,632 2.72%
    20 Year 158 $53,610,000 $339,304 $3,792 3.22%
    Other 99 $58,085,000 $586,717 $4,984 3.83%
    10 Year 71 $76,415,000 $1,076,268 $3,091 3.95%
    5 Year 28 $10,870,000 $388,214 $0 4.43%
    1 Year 26 $9,130,000 $351,154 $0 4.66%
    3 Year 1 $445,000 $445,000 $0 4.25%

    For 2020, Sandy Spring Bank's most frequently cited loan duration was 30 Year, with 3,841 originations. The 2nd most popular length was 30+ year, with 1,094 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 3,608 $1,506,460,000 $417,533
    $2k-3k 325 $132,645,000 $408,138
    $5k+ 324 $280,020,000 $864,259
    $<1k 217 $27,365,000 $126,106
    $3k-4k 141 $60,935,000 $432,163
    $4k-5k 111 $53,255,000 $479,775

    Sandy Spring Bank's average total fees were $5,130, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 3,608 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 2,654 $1,114,420,000 $419,902
    2.5-3% 2,113 $893,785,000 $422,993
    <2.5% 661 $233,925,000 $353,896
    4-5% 301 $86,425,000 $287,126
    5-6% 50 $15,040,000 $300,800
    6-7% 14 $1,380,000 $98,571
    7-8% 8 $930,000 $116,250
    Over 8% 3 $455,000 $151,667

    During 2020, Sandy Spring Bank's average interest rate for loans was 3.12%, while their most frequently originated rate bucket for loans was 3-4%, with 2,654 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,208 $665,990,000 $301,626 $4,600 3.12%
    $400k-600k 1,469 $709,755,000 $483,155 $5,337 3.06%
    $100k-200k 752 $113,390,000 $150,785 $3,611 3.35%
    $600k-1MM 634 $463,570,000 $731,183 $7,066 3.13%
    $100,000 or less 504 $24,790,000 $49,187 $1,208 3.71%
    $1MM+ 237 $368,865,000 $1,556,392 $10,549 3.34%

    2020 saw Sandy Spring Bank place emphasis on $200k-400k loans with 2,208 originations, totaling $665,990,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,508 $637,880,000 $422,997 $5,193 3.16%
    $100k-150k 1,327 $457,765,000 $344,962 $5,122 3.17%
    $250k+ 1,099 $652,635,000 $593,844 $6,278 3.22%
    $75k-100k 712 $208,140,000 $292,331 $4,979 3.18%
    $50k-75k 611 $145,125,000 $237,520 $4,594 3.15%
    $50k or less 400 $121,670,000 $304,175 $4,371 3.04%

    Sandy Spring Bank lent most frequently to those with incomes in the $150k-250k range, with 1,508 originations. The second most popular income band? $100k-150k, with 1,327 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,467 $591,715,000 $403,350 $4,731 3.12%
    30-36% 1,032 $428,180,000 $414,903 $5,229 3.16%
    <20% 756 $278,190,000 $367,976 $4,219 3.09%
    42% 211 $92,735,000 $439,502 $5,838 3.24%
    40% 202 $83,430,000 $413,020 $5,829 3.25%
    41% 202 $79,530,000 $393,713 $5,475 3.28%
    37% 181 $67,555,000 $373,232 $4,906 3.19%
    36% 172 $61,420,000 $357,093 $4,795 3.19%
    39% 169 $72,025,000 $426,183 $5,134 3.18%
    43% 164 $58,190,000 $354,817 $5,672 3.21%
    44% 162 $54,600,000 $337,037 $5,369 3.21%
    38% 161 $66,645,000 $413,944 $5,750 3.17%
    45% 127 $43,705,000 $344,134 $5,184 3.17%
    50-60% 112 $36,150,000 $322,768 $10,638 3.58%
    49% 108 $38,970,000 $360,833 $6,951 3.17%
    47% 106 $36,950,000 $348,585 $6,514 3.31%
    48% 93 $34,195,000 $367,688 $6,982 3.17%
    46% 86 $29,440,000 $342,326 $5,646 3.20%
    >60% 12 $9,650,000 $804,167 $16,652 3.66%

    Sandy Spring Bank lent most frequently to those with DTI ratios of 20-30%, with 1,467 originations. The next most common DTI ratio? 30-36%, with 1,032 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,522 $1,396,930,000 $396,630 $4,979 3.16%
    Not provided 714 $316,810,000 $443,711 $5,313 3.19%
    Black 772 $251,080,000 $325,233 $6,063 3.23%
    Asian 610 $244,300,000 $400,492 $5,011 3.08%
    Not applicable 138 $122,110,000 $884,855 $0 4.38%
    American Indian 35 $10,115,000 $289,000 $5,136 3.39%
    Native Hawaiian or Islander 13 $5,015,000 $385,769 $8,250 3.52%

    Approval Rates

    Total approvals of all applications
    92.00%

    Sandy Spring Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    81.56%

    Sandy Spring Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,804 $2,346,360,000 $404,266

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 14 $72,320,000 $5,165,714
    Single Family (1-4 Units):Site-Built 5,790 $2,274,040,000 $392,753

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 480 $122,640,000 $255,500 $3,752 3.26%
    40-60% 866 $364,050,000 $420,381 $4,070 3.02%
    60-80% 1,909 $941,415,000 $493,146 $4,612 3.17%
    80-100% 1,764 $807,500,000 $457,766 $6,565 3.16%
    Over 100% 46 $23,130,000 $502,826 $17,032 2.98%
    Under 20% 685 $62,255,000 $90,883 $874 3.55%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Sandy Spring Bank 1 Ashton Road Ashton, MD 20861 Full Service B&M $152,284
    Sandy Spring Bank 1 Catoctin Circle Ne Leesburg, VA 20176 Full Service B&M $64,642
    Sandy Spring Bank 1003 West Patrick Street Frederick, MD 21702 Full Service B&M $62,416
    Sandy Spring Bank 1025 Connecticut Avenue, N.W., 1st Floor Washington, DC 20036 Full Service B&M $90,720
    Sandy Spring Bank 10329 Old Georgetown Road Bethesda, MD 20816 Full Service B&M $184,338
    Sandy Spring Bank 10985 Baltimore Avenue Beltsville, MD 20705 Full Service B&M $3,886
    Sandy Spring Bank 1146 - 19th Street, N.W. Washington, DC 20036 Full Service B&M $44,374
    Sandy Spring Bank 115 North Washington Street Alexandria, VA 22314 Full Service B&M $20,143
    Sandy Spring Bank 11636 Plaza America Drive Reston, VA 20190 Full Service B&M $252,602
    Sandy Spring Bank 116_mitchells Chance Road Edgewater, MD 21037 Full Service B&M $111,806
    Sandy Spring Bank 12276 Clarksville Pike Clarksville, MD 21029 Full Service B&M $374,230
    Sandy Spring Bank 12735 Shoppes Lane Fairfax, VA 22033 Full Service B&M $116,448
    Sandy Spring Bank 1299 Pennsylvania Avenue, Nw Washington, DC 20004 Full Service B&M $17,506
    Sandy Spring Bank 13081 Worldgate Drive Herndon, VA 20170 Full Service B&M $53,653
    Sandy Spring Bank 13300 New Hampshire Avenue Colesville, MD 20904 Full Service B&M $259,403
    Sandy Spring Bank 1356 Chain Bridge Road Mclean, VA 22101 Full Service B&M $49,528
    Sandy Spring Bank 14 West Patrick Street Frederick, MD 21701 Full Service B&M $57,161
    Sandy Spring Bank 14231 Willard Road Chantilly, VA 20151 Full Service B&M $102,049
    Sandy Spring Bank 14241 Layhill Road Silver Spring, MD 20906 Full Service B&M $123,927
    Sandy Spring Bank 14404 Baltimore Avenue Laurel, MD 20707 Full Service B&M $141,453
    Sandy Spring Bank 14941 Shady Grove Road Rockville, MD 20850 Full Service B&M $37,025
    Sandy Spring Bank 1601 And 1603 East Gude Drive Rockville, MD 20850 Full Service B&M $139,639
    Sandy Spring Bank 166 Jennifer Road Annapolis, MD 21401 Full Service B&M $263,123
    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 $1,543,563
    Sandy Spring Bank 18 West Patrick Street Frederick, MD 21701 Full Service B&M $163,613
    Sandy Spring Bank 19460 Golf Vista Plaza Leesburg, VA 20176 Full Service B&M $15,250
    Sandy Spring Bank 20930 Frederick Road Germantown, MD 20876 Full Service B&M $99,225
    Sandy Spring Bank 2095 Chain Bridge Road Vienna, VA 22182 Full Service B&M $118,482
    Sandy Spring Bank 2101 Gaither Road Rockville, MD 20850 Full Service B&M $383,215
    Sandy Spring Bank 26250 Ridge Road Damascus, MD 20872 Full Service B&M $133,710
    Sandy Spring Bank 319 Main Street Laurel, MD 20707 Full Service B&M $341,566
    Sandy Spring Bank 3535 Spencerville Road Burtonsville, MD 20866 Full Service B&M $181,959
    Sandy Spring Bank 3701 International Drive Silver Spring, MD 20906 Full Service B&M $45
    Sandy Spring Bank 3801 International Drive Silver Spring, MD 20906 Full Service B&M $148,988
    Sandy Spring Bank 4001 Mountain Road Pasadena, MD 21122 Full Service B&M $97,110
    Sandy Spring Bank 409 Russell Avenue Gaithersburg, MD 20877 Full Service B&M $36,643
    Sandy Spring Bank 414 Hungerford Drive Rockville, MD 20850 Full Service B&M $192,201
    Sandy Spring Bank 425 East Ridgeville Blvd Mount Airy, MD 21771 Full Service B&M $68,873
    Sandy Spring Bank 4501 N Fairfax Drive Arlington, VA 22203 Full Service B&M $42,510
    Sandy Spring Bank 46901 Cedar Lakes Plaza Sterling, VA 20164 Full Service B&M $31,318
    Sandy Spring Bank 484 N Frederick Avenue Gaithersburg, MD 20877 Full Service B&M $108,066
    Sandy Spring Bank 502 Washington Avenue, Suite 103 Towson, MD 21204 Full Service B&M $194,430
    Sandy Spring Bank 5250 Port Roayal Road Springfield, VA 22151 Full Service B&M $63,427
    Sandy Spring Bank 6031 University Boulevard Ellicott City, MD 21043 Full Service B&M $286,867
    Sandy Spring Bank 6089 Oxon Hill Road Oxon Hill, MD 20745 Full Service B&M $46,412
    Sandy Spring Bank 611 Rockville Pike Rockville, MD 20852 Full Service B&M $470,665
    Sandy Spring Bank 6329 Greenbelt Road College Park, MD 20740 Full Service B&M $34,182
    Sandy Spring Bank 6560 Mercantile Drive, East Frederick, MD 21703 Full Service B&M $45,240
    Sandy Spring Bank 704 Lisbon Center Drive Woodbine, MD 21797 Full Service B&M $143,192
    Sandy Spring Bank 7405 Ritchie Highway Glen Burnie, MD 21060 Full Service B&M $127,622
    Sandy Spring Bank 7550 Wisconsin Avenue Suite 100 Bethesda, MD 20814 Full Service B&M $149,607
    Sandy Spring Bank 7653 Lindbergh Drive Gaithersburg, MD 20879 Full Service B&M $267,257
    Sandy Spring Bank 7700 Old Georgetown Road Bethesda, MD 20814 Full Service B&M $384,548
    Sandy Spring Bank 820 West Diamond Avenue Gaithersburg, MD 20878 Full Service B&M $293,339
    Sandy Spring Bank 8310 Veterans Highway Millersville, MD 21108 Full Service B&M $133,645
    Sandy Spring Bank 8315 Ice Crystal Drive Laurel, MD 20723 Full Service B&M $93,369
    Sandy Spring Bank 8401 Colesville Road Silver Spring, MD 20910 Full Service B&M $58,551
    Sandy Spring Bank 8529 Veteran's Highway Millersville, MD 21108 Full Service B&M $151,369
    Sandy Spring Bank 8602 Colesville Road Silver Spring, MD 20910 Full Service B&M $94,289
    Sandy Spring Bank 8921 Fingerboard Road Frederick, MD 21704 Full Service B&M $69,673
    Sandy Spring Bank 9113 Manassas Drive Manassas Park, VA 20111 Full Service B&M $67,216
    Sandy Spring Bank 9707 Old Georgetown Road Bethesda, MD 20814 Full Service B&M $11,758
    Sandy Spring Bank 9812 Falls Road Ste 125 Potomac, MD 20854 Full Service B&M $98,221
    Sandy Spring Bank 9851 Georgetown Pike Great Falls, VA 22066 Full Service B&M $93,933
    Sandy Spring Bank 9910 Main Street Fairfax, VA 22031 Full Service B&M $246,176
    Sandy Spring Bank 9921 Stedwick Road Gaithersburg, MD 20879 Full Service B&M $70,537

    For 2020, Sandy Spring Bank had 67 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $423,014
    Net interest income $371,430
    Total noninterest income $101,472
    Gross Fiduciary activities income $12,673
    Service charges on deposit accounts $7,609
    Trading account gains and fees $0
    Additional Noninterest Income $81,190
    Pre-tax net operating income $133,559
    Securities gains (or losses, -) $467
    Income before extraordinary items $104,566
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $104,566
    Minority interest net income $0
    Net income $104,566
    Sale, conversion, retirement of capital stock, net $3,850
    Net operating income $104,197

    Sandy Spring Bank's gross interest income from loans was $423,014,000.
    Sandy Spring Bank's net interest income from loans was $371,430,000.
    Sandy Spring Bank's fee based income from loans was $7,609,000.
    Sandy Spring Bank's net income from loans was $104,566,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $51,584
    Provision for credit losses $85,669
    Total noninterest expense $253,674
    Salaries and employee benefits $134,198
    Premises and equipment expense $32,264
    Additional noninterest expense $87,212
    Applicable income taxes $29,460
    Net charge-offs $808
    Cash dividends $74,410

    Sandy Spring Bank's interest expense for loans was $51,584,000.
    Sandy Spring Bank's payroll and benefits expense were $134,198,000.
    Sandy Spring Bank's property, plant and equipment expenses $32,264,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 1.0%
    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 1.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $10,094,007
    Deposits held in domestic offices $10,094,007
    Deposits by Individuals, partnerships, and corporations $9,824,113
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $133,333
    Deposits by Commercial banks and other depository institutions in U.S. $136,561
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,112,137
    Demand deposits $715,209
    Nontransaction accounts $8,981,870
    Money market deposit accounts (MMDAs) $6,906,157
    Other savings deposits (excluding MMDAs) $418,051
    Total time deposits $1,657,662
    Total time and savings deposits $9,378,798
    Noninterest-bearing deposits $3,325,560
    Interest-bearing deposits $6,768,447
    Retail deposits $8,917,066
    IRAs and Keogh plan accounts $122,978
    Brokered deposits $793,726
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $12,784,021
    Cash & Balances due from depository institutions $296,712
    Interest-bearing balances $203,061
    Total securities $1,338,096
    Federal funds sold & reverse repurchase $291
    Net loans and leases $10,313,433
    Loan and leases loss allowance $165,368
    Trading account assets $0
    Bank premises and fixed assets $121,372
    Other real estate owned $1,455
    Goodwill and other intangibles $402,026
    All other assets $310,636

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $12,784,021
    Total Liabilities $11,194,538
    Total deposits $10,094,007
    Interest-bearing deposits $6,768,447
    Deposits held in domestic offices $10,094,007
    % insured (estimated) $53
    Federal funds purchased and repurchase agreements $546,177
    Trading liabilities $0
    Other borrowed funds $379,075
    Subordinated debt $30,634
    All other liabilities $144,645

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $10,313,433
    Loan and leases loss allowance $165,368
    Total loans and leases (domestic) $10,478,801
    All real estate loans $8,331,993
    Real estate loans in domestic offices $8,331,993
    Construction and development loans $1,346,311
    Residential 1-4 family construction $623,573
    Other construction, all land development and other land $722,738
    Loans secured by nonfarm nonresidential properties $4,395,042
    Nonfarm nonresidential secured by owner-occupied properties $1,619,181
    Commercial real estate & other non-farm, non-residential $2,775,861
    Multifamily residential real estate $371,739
    1-4 family residential loans $2,198,256
    Farmland loans $20,645
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $2,010,796
    To non-U.S. addressees $0
    Loans to individuals $26,314
    Credit card loans $0
    Related Plans $18,862
    Consumer Auto Loans $3,777
    Other loans to individuals $3,675
    All other loans & leases $109,699
    Loans to foreign governments and official institutions $0
    Other loans $105,468
    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 $2,317
    Non 1-4 family restructured loans & leases $715
    Total loans and leases (foreign) $0

    Sandy Spring Bank had $10,313,433,000 of loans outstanding in 2020. $8,331,993,000 of loans were in real estate loans. $1,346,311,000 of loans were in development loans. $371,739,000 of loans were in multifamily mortgage loans. $2,198,256,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $3,777,000 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 1,810 $626,988 $346,402
    Nonfarm, nonresidential loans - <$100k 99 $3,776 $38,141
    Nonfarm, nonresidential loans - $100-250k 427 $60,721 $142,204
    Nonfarm, nonresidential loans - $250k-1MM 1,284 $562,491 $438,077
    Commercial & Industrial, US addressed loans - <$1MM 9,979 $1,044,345 $104,654
    Commercial & Industrial, US addressed loans - <$100k 5,868 $173,470 $29,562
    Commercial & Industrial, US addressed loans - $100-250k 1,996 $239,247 $119,863
    Commercial & Industrial, US addressed loans - $250k-1MM 2,115 $631,628 $298,642
    Farmland loans - <$1MM 11 $3,119 $283,545
    Farmland loans - $100-250k 3 $382 $127,333
    Farmland loans - $250k-1MM 8 $2,737 $342,125