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™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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, Nashville, Salisbury, and Miami among others. We have data for 75 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% 4/21/24
    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

    5,355

    Origination Dollar Volume (All Markets)

    $2,330,965,000

    Employee count

    1,153 Show all (6) 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) 3,677 $1,641,605,000 $446,452 $5,743 3.09%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1,302 $470,310,000 $361,221 $5,192 3.16%
    NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 3 $53,255,000 $17,751,667 $3,802 2.86%
    SALISBURY, MD-DE (FHA|USDA|VA) 71 $27,515,000 $387,535 $4,862 2.93%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 17 $17,805,000 $1,047,353 $7,569 2.95%
    FAYETTEVILLE, NC (FHA|USDA|VA) 2 $15,410,000 $7,705,000 $0 2.99%
    Outside of Metro Areas 36 $14,850,000 $412,500 $5,673 3.04%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 34 $11,210,000 $329,706 $4,803 3.02%
    RICHMOND, VA (FHA|USDA|VA) 25 $9,885,000 $395,400 $5,365 2.79%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 21 $7,505,000 $357,381 $5,612 2.99%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 16 $5,940,000 $371,250 $5,336 3.07%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $4,335,000 $1,445,000 $8,375 2.71%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 13 $3,945,000 $303,462 $4,097 3.15%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $3,255,000 $465,000 $4,960 2.84%
    Kill Devil Hills, NC (FHA|USDA|VA) 4 $2,910,000 $727,500 $2,972 2.97%
    WINCHESTER, VA-WV (FHA|USDA|VA) 3 $2,885,000 $961,667 $5,383 3.36%
    Easton, MD (FHA|USDA|VA) 8 $2,500,000 $312,500 $5,157 3.20%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 9 $2,325,000 $258,333 $3,567 2.99%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 4 $2,040,000 $510,000 $5,556 2.94%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 7 $1,785,000 $255,000 $4,003 2.73%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $1,755,000 $1,755,000 $0 4.10%
    JACKSONVILLE, FL (FHA|USDA|VA) 6 $1,670,000 $278,333 $5,007 2.73%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,610,000 $402,500 $5,857 3.03%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,580,000 $263,333 $5,573 2.85%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $1,360,000 $226,667 $3,718 2.73%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $1,175,000 $391,667 $3,610 3.21%
    Key West, FL (FHA|USDA|VA) 1 $1,145,000 $1,145,000 $18,349 3.25%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $1,100,000 $550,000 $6,752 2.63%
    ROANOKE, VA (FHA|USDA|VA) 2 $1,090,000 $545,000 $5,041 2.50%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $910,000 $455,000 $7,265 2.69%
    PITTSBURGH, PA (FHA|USDA|VA) 3 $865,000 $288,333 $4,169 3.00%
    DAYTON-KETTERING, OH (FHA|USDA|VA) 2 $840,000 $420,000 $3,628 2.50%
    HARRISONBURG, VA (FHA|USDA|VA) 2 $720,000 $360,000 $6,898 3.13%
    YORK-HANOVER, PA (FHA|USDA|VA) 3 $715,000 $238,333 $5,241 2.83%
    Glenwood Springs, CO (FHA|USDA|VA) 1 $645,000 $645,000 $3,389 3.00%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $645,000 $645,000 $6,160 3.25%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $585,000 $195,000 $2,407 3.00%
    Cambridge, MD (FHA|USDA|VA) 1 $565,000 $565,000 $4,885 3.13%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $550,000 $275,000 $4,435 2.69%
    GETTYSBURG, PA (FHA|USDA|VA) 2 $510,000 $255,000 $2,882 3.04%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $505,000 $505,000 $4,337 2.50%
    Georgetown, SC (FHA|USDA|VA) 1 $485,000 $485,000 $4,537 2.88%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $480,000 $240,000 $3,088 2.44%
    THE VILLAGES, FL (FHA|USDA|VA) 2 $480,000 $240,000 $3,605 3.00%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $475,000 $475,000 $5,719 2.25%
    READING, PA (FHA|USDA|VA) 1 $435,000 $435,000 $11,630 2.88%
    STAUNTON, VA (FHA|USDA|VA) 2 $410,000 $205,000 $3,486 3.06%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $405,000 $405,000 $6,895 4.13%
    BOULDER, CO (FHA|USDA|VA) 1 $405,000 $405,000 $3,583 2.75%
    LYNCHBURG, VA (FHA|USDA|VA) 1 $355,000 $355,000 $3,836 3.00%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $335,000 $335,000 $3,861 3.25%
    Shelby, NC (FHA|USDA|VA) 1 $325,000 $325,000 $3,862 2.13%
    COLUMBUS, OH (FHA|USDA|VA) 1 $325,000 $325,000 $4,238 3.38%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 2 $300,000 $150,000 $4,181 2.81%
    COLUMBIA, SC (FHA|USDA|VA) 1 $295,000 $295,000 $6,978 2.50%
    Elizabeth City, NC (FHA|USDA|VA) 1 $295,000 $295,000 $4,292 2.25%
    LANCASTER, PA (FHA|USDA|VA) 1 $275,000 $275,000 $3,539 2.25%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $4,084 2.75%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $265,000 $265,000 $4,178 2.50%
    GREELEY, CO (FHA|USDA|VA) 1 $225,000 $225,000 $2,137 2.50%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $215,000 $215,000 $8,473 2.88%
    CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 2 $200,000 $100,000 $3,424 3.63%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $185,000 $185,000 $2,775 2.13%
    ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 1 $185,000 $185,000 $3,771 2.88%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $185,000 $185,000 $3,458 2.63%
    ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $175,000 $175,000 $4,986 4.13%
    GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $175,000 $175,000 $4,191 4.88%
    EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $175,000 $175,000 $4,482 2.50%
    STATE COLLEGE, PA (FHA|USDA|VA) 1 $165,000 $165,000 $3,384 2.50%
    JACKSONVILLE, NC (FHA|USDA|VA) 1 $135,000 $135,000 $3,375 2.38%
    Kinston, NC (FHA|USDA|VA) 1 $125,000 $125,000 $5,742 4.88%
    CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $125,000 $125,000 $1,848 2.88%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 1 $125,000 $125,000 $6,282 3.25%
    Wilson, NC (FHA|USDA|VA) 1 $85,000 $85,000 $5,330 4.50%
    FLORENCE, SC (FHA|USDA|VA) 1 $55,000 $55,000 $3,454 4.38%
    Sandy Spring Bank's top markets include Washington, Baltimore, Nashville, Salisbury, and Miami among others.

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

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    DUPONT COMMUNITY
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    Similarity Rank: 632

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,999 $2,000,085,000 $500,146 $5,088 2.96%
    HELOC 949 $176,615,000 $186,106 n/a 3.76%
    FHA 269 $86,395,000 $321,171 $10,087 3.06%
    VA 133 $66,415,000 $499,361 $9,557 2.55%
    USDA 5 $1,455,000 $291,000 $9,333 2.75%

    For 2021, Sandy Spring Bank's most frequently originated type of loan was Conventional, with 3,999 originations. Their 2nd most popular type was HELOC, with 949 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 2,072 $980,040,000 $472,992 $4,539 2.89%
    Home Purchase 1,895 $973,875,000 $513,918 $6,953 3.11%
    Cash Out Refi 636 $241,900,000 $380,346 $4,622 2.95%
    Home Improvement 579 $102,615,000 $177,228 $4,694 3.75%
    Other 173 $32,535,000 $188,064 $0 3.90%

    For 2021, Sandy Spring Bank's most frequently cited loan purpose was Refi, with 2,072 originations. The 2nd most popular reason was Home Purchase, with 1,895 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,347 $1,454,075,000 $434,441 $5,363 2.97%
    30+ year 1,194 $439,070,000 $367,730 $12,359 3.61%
    15 Year 458 $166,010,000 $362,467 $3,709 2.40%
    20 Year 118 $40,060,000 $339,492 $3,996 3.10%
    Other 90 $86,830,000 $964,778 $5,359 3.74%
    10 Year 73 $109,615,000 $1,501,575 $3,378 3.25%
    1 Year 42 $26,260,000 $625,238 $0 4.24%
    5 Year 33 $9,045,000 $274,091 $0 4.26%

    For 2021, Sandy Spring Bank's most frequently cited loan duration was 30 Year, with 3,347 originations. The 2nd most popular length was 30+ year, with 1,194 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,995 $1,292,615,000 $431,591
    $5k+ 400 $360,630,000 $901,575
    $2k-3k 330 $133,650,000 $405,000
    $<1k 214 $31,730,000 $148,271
    $3k-4k 175 $75,585,000 $431,914
    $4k-5k 110 $50,120,000 $455,636

    Sandy Spring Bank's average total fees were $5,363, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,995 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 2,275 $1,205,535,000 $529,905
    3-4% 1,989 $733,505,000 $368,781
    <2.5% 787 $323,535,000 $411,099
    4-5% 259 $63,675,000 $245,849
    5-6% 21 $2,845,000 $135,476
    6-7% 19 $1,455,000 $76,579
    7-8% 4 $340,000 $85,000
    Over 8% 1 $75,000 $75,000

    During 2021, Sandy Spring Bank's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was 2.5-3%, with 2,275 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,902 $557,820,000 $293,281 $4,623 2.99%
    $400k-600k 1,188 $583,990,000 $491,574 $5,736 2.91%
    $100k-200k 854 $129,120,000 $151,194 $3,724 3.28%
    $600k-1MM 625 $471,745,000 $754,792 $7,562 2.96%
    $100,000 or less 469 $24,945,000 $53,188 $1,695 3.94%
    $1MM+ 317 $563,345,000 $1,777,114 $11,197 3.04%

    2021 saw Sandy Spring Bank place emphasis on $200k-400k loans with 1,902 originations, totaling $557,820,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 1,327 $563,835,000 $424,894 $5,803 3.09%
    $250k+ 1,165 $764,255,000 $656,013 $6,814 3.10%
    $100k-150k 1,105 $384,375,000 $347,851 $5,220 3.05%
    $75k-100k 662 $188,540,000 $284,804 $5,034 3.07%
    $50k-75k 572 $132,590,000 $231,801 $4,762 3.06%
    $50k or less 204 $34,600,000 $169,608 $4,790 3.13%

    Sandy Spring Bank lent most frequently to those with incomes in the $150k-250k range, with 1,327 originations. The second most popular income band? $250k+, with 1,165 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,231 $506,535,000 $411,483 $4,996 3.00%
    30-36% 953 $411,795,000 $432,104 $5,407 3.03%
    <20% 605 $234,715,000 $387,959 $4,644 3.03%
    42% 218 $101,790,000 $466,927 $6,176 3.09%
    41% 195 $87,125,000 $446,795 $5,621 3.06%
    39% 186 $80,370,000 $432,097 $5,786 3.10%
    38% 179 $74,085,000 $413,883 $5,399 3.05%
    40% 176 $76,840,000 $436,591 $5,539 3.16%
    44% 174 $68,640,000 $394,483 $6,758 3.14%
    37% 172 $71,160,000 $413,721 $5,763 3.13%
    43% 158 $55,740,000 $352,785 $5,880 3.15%
    36% 148 $67,910,000 $458,851 $5,813 3.00%
    49% 140 $47,710,000 $340,786 $7,129 3.14%
    50-60% 135 $46,425,000 $343,889 $10,943 3.58%
    45% 121 $43,475,000 $359,298 $6,393 3.10%
    47% 112 $39,630,000 $353,839 $6,134 3.18%
    48% 108 $36,020,000 $333,519 $6,116 3.19%
    46% 105 $36,915,000 $351,571 $5,753 3.02%
    >60% 11 $11,385,000 $1,035,000 $12,021 3.50%

    Sandy Spring Bank lent most frequently to those with DTI ratios of 20-30%, with 1,231 originations. The next most common DTI ratio? 30-36%, with 953 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,055 $1,254,725,000 $410,712 $5,163 3.05%
    Not provided 638 $304,220,000 $476,834 $5,693 3.02%
    Black 889 $287,185,000 $323,043 $6,591 3.20%
    Asian 561 $262,485,000 $467,888 $5,537 2.98%
    Not applicable 161 $204,735,000 $1,271,646 $0 4.10%
    American Indian 38 $12,980,000 $341,579 $4,999 3.19%
    Native Hawaiian or Islander 13 $4,635,000 $356,538 $6,635 2.74%

    Approval Rates

    Total approvals of all applications
    91.36%

    Sandy Spring Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.14%

    Sandy Spring Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 5,355 $2,330,965,000 $435,288

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    5,355 $2,330,965,000 $435,288

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 577 $158,595,000 $274,861 $3,590 3.19%
    40-60% 867 $406,685,000 $469,072 $4,344 2.84%
    60-80% 1,692 $975,300,000 $576,418 $5,253 3.02%
    80-100% 1,442 $685,620,000 $475,465 $7,115 3.01%
    Over 100% 29 $17,265,000 $595,345 $21,359 2.86%
    Under 20% 715 $73,075,000 $102,203 $1,333 3.74%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    SANDY SPRING BANCORP, INC. FHA mortgage Closing on a mortgage 1 20.0%
    SANDY SPRING BANCORP, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    SANDY SPRING BANCORP, INC. Home equity loan or line of credit (HELOC) Problem with a credit reporting company's investigation into an existing problem 1 20.0%
    SANDY SPRING BANCORP, INC. Other type of mortgage Applying for a mortgage or refinancing an existing mortgage 1 20.0%
    SANDY SPRING BANCORP, INC. Other type of mortgage Closing on a mortgage 1 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Sandy Spring Bank 1 Ashton Road Ashton, MD 20861 Full Service B&M $172,538
    Sandy Spring Bank 1 Catoctin Circle Ne Leesburg, VA 20176 Full Service B&M $82,377
    Sandy Spring Bank 1003 West Patrick Street Frederick, MD 21702 Full Service B&M $65,856
    Sandy Spring Bank 1025 Connecticut Avenue, N.W., 1st Floor Washington, DC 20036 Full Service B&M $80,650
    Sandy Spring Bank 10329 Old Georgetown Road Bethesda, MD 20816 Full Service B&M $186,164
    Sandy Spring Bank 10985 Baltimore Avenue Beltsville, MD 20705 Full Service B&M $11,016
    Sandy Spring Bank 1146 - 19th Street, N.W. Washington, DC 20036 Full Service B&M $51,942
    Sandy Spring Bank 115 North Washington Street Alexandria, VA 22314 Full Service B&M $19,025
    Sandy Spring Bank 11636 Plaza America Drive Reston, VA 20190 Full Service B&M $245,951
    Sandy Spring Bank 116_mitchells Chance Road Edgewater, MD 21037 Full Service B&M $172,434
    Sandy Spring Bank 12276 Clarksville Pike Clarksville, MD 21029 Full Service B&M $415,680
    Sandy Spring Bank 12735 Shoppes Lane Fairfax, VA 22033 Full Service B&M $318,637
    Sandy Spring Bank 1299 Pennsylvania Avenue, Nw Washington, DC 20004 Full Service B&M $16,381
    Sandy Spring Bank 13081 Worldgate Drive Herndon, VA 20170 Full Service B&M $54,416
    Sandy Spring Bank 13300 New Hampshire Avenue Colesville, MD 20904 Full Service B&M $281,343
    Sandy Spring Bank 1356 Chain Bridge Road Mclean, VA 22101 Full Service B&M $41,653
    Sandy Spring Bank 14 West Patrick Street Frederick, MD 21701 Full Service B&M $236,482
    Sandy Spring Bank 14241 Layhill Road Silver Spring, MD 20906 Full Service B&M $132,127
    Sandy Spring Bank 14404 Baltimore Avenue Laurel, MD 20707 Full Service B&M $140,700
    Sandy Spring Bank 14941 Shady Grove Road Rockville, MD 20850 Full Service B&M $41,756
    Sandy Spring Bank 166 Jennifer Road Annapolis, MD 21401 Full Service B&M $283,365
    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 $2,513,356
    Sandy Spring Bank 19460 Golf Vista Plaza Leesburg, VA 20176 Full Service B&M $42,575
    Sandy Spring Bank 20930 Frederick Road Germantown, MD 20876 Full Service B&M $107,573
    Sandy Spring Bank 2095 Chain Bridge Road Vienna, VA 22182 Full Service B&M $107,292
    Sandy Spring Bank 2101 Gaither Road Rockville, MD 20850 Full Service B&M $79,720
    Sandy Spring Bank 26250 Ridge Road Damascus, MD 20872 Full Service B&M $149,958
    Sandy Spring Bank 319 Main Street Laurel, MD 20707 Full Service B&M $327,077
    Sandy Spring Bank 3535 Spencerville Road Burtonsville, MD 20866 Full Service B&M $197,272
    Sandy Spring Bank 3701 International Drive Silver Spring, MD 20906 Full Service B&M $46
    Sandy Spring Bank 3801 International Drive Silver Spring, MD 20906 Full Service B&M $155,597
    Sandy Spring Bank 4001 Mountain Road Pasadena, MD 21122 Full Service B&M $104,622
    Sandy Spring Bank 409 Russell Avenue Gaithersburg, MD 20877 Full Service B&M $34,323
    Sandy Spring Bank 425 East Ridgeville Blvd Mount Airy, MD 21771 Full Service B&M $78,336
    Sandy Spring Bank 4501 N Fairfax Drive Arlington, VA 22203 Full Service B&M $39,452
    Sandy Spring Bank 484 N Frederick Avenue Gaithersburg, MD 20877 Full Service B&M $357,481
    Sandy Spring Bank 502 Washington Avenue, Suite 103 Towson, MD 21204 Full Service B&M $205,892
    Sandy Spring Bank 5250 Port Roayal Road Springfield, VA 22151 Full Service B&M $60,092
    Sandy Spring Bank 6031 University Boulevard Ellicott City, MD 21043 Full Service B&M $320,577
    Sandy Spring Bank 6089 Oxon Hill Road Oxon Hill, MD 20745 Full Service B&M $38,632
    Sandy Spring Bank 611 Rockville Pike Rockville, MD 20852 Full Service B&M $753,169
    Sandy Spring Bank 6329 Greenbelt Road College Park, MD 20740 Full Service B&M $58,932
    Sandy Spring Bank 647 New York Avenue, Nw Washington, DC 20001 Full Service B&M $450
    Sandy Spring Bank 6560 Mercantile Drive, East Frederick, MD 21703 Full Service B&M $54,182
    Sandy Spring Bank 704 Lisbon Center Drive Woodbine, MD 21797 Full Service B&M $157,158
    Sandy Spring Bank 7405 Ritchie Highway Glen Burnie, MD 21060 Full Service B&M $163,032
    Sandy Spring Bank 7550 Wisconsin Avenue Suite 100 Bethesda, MD 20814 Full Service B&M $368,711
    Sandy Spring Bank 7653 Lindbergh Drive Gaithersburg, MD 20879 Full Service B&M $266,519
    Sandy Spring Bank 8315 Ice Crystal Drive Laurel, MD 20723 Full Service B&M $91,068
    Sandy Spring Bank 8401 Colesville Road Silver Spring, MD 20910 Full Service B&M $134,437
    Sandy Spring Bank 8529 Veteran's Highway Millersville, MD 21108 Full Service B&M $268,662
    Sandy Spring Bank 8921 Fingerboard Road Frederick, MD 21704 Full Service B&M $73,846
    Sandy Spring Bank 9113 Manassas Drive Manassas Park, VA 20111 Full Service B&M $87,672
    Sandy Spring Bank 9707 Old Georgetown Road Bethesda, MD 20814 Full Service B&M $11,800
    Sandy Spring Bank 9812 Falls Road Ste 125 Potomac, MD 20854 Full Service B&M $109,368
    Sandy Spring Bank 9851 Georgetown Pike Great Falls, VA 22066 Full Service B&M $64,705
    Sandy Spring Bank 9910 Main Street Fairfax, VA 22031 Full Service B&M $239,720
    Sandy Spring Bank 9921 Stedwick Road Gaithersburg, MD 20879 Full Service B&M $80,320

    For 2021, Sandy Spring Bank had 59 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $449,956
    Net interest income $430,848
    Total noninterest income $100,959
    Gross Fiduciary activities income $14,399
    Service charges on deposit accounts $8,763
    Trading account gains and fees $0
    Additional Noninterest Income $77,797
    Pre-tax net operating income $319,370
    Securities gains (or losses, -) $213
    Income before extraordinary items $241,467
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $241,467
    Minority interest net income $0
    Net income $241,467
    Sale, conversion, retirement of capital stock, net $5,299
    Net operating income $241,298

    Sandy Spring Bank's gross interest income from loans was $449,956,000.
    Sandy Spring Bank's net interest income from loans was $430,848,000.
    Sandy Spring Bank's fee based income from loans was $8,763,000.
    Sandy Spring Bank's net income from loans was $241,467,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $19,108
    Provision for credit losses $-46,792
    Total noninterest expense $259,229
    Salaries and employee benefits $155,506
    Premises and equipment expense $34,545
    Additional noninterest expense $69,178
    Applicable income taxes $78,116
    Net charge-offs $10,669
    Cash dividends $189,172

    Sandy Spring Bank's interest expense for loans was $19,108,000.
    Sandy Spring Bank's payroll and benefits expense were $155,506,000.
    Sandy Spring Bank's property, plant and equipment expenses $34,545,000.

    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 0.0%
    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 $10,683,782
    Deposits held in domestic offices $10,683,782
    Deposits by Individuals, partnerships, and corporations $10,165,579
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $298,765
    Deposits by Commercial banks and other depository institutions in U.S. $219,438
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $5,384,357
    Demand deposits $4,062,973
    Nontransaction accounts $5,299,425
    Money market deposit accounts (MMDAs) $3,474,701
    Other savings deposits (excluding MMDAs) $533,862
    Total time deposits $1,290,862
    Total time and savings deposits $6,620,809
    Noninterest-bearing deposits $3,779,643
    Interest-bearing deposits $6,904,139
    Retail deposits $9,804,718
    IRAs and Keogh plan accounts $113,718
    Brokered deposits $528,726
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $12,586,611
    Cash & Balances due from depository institutions $419,708
    Interest-bearing balances $354,078
    Total securities $1,465,896
    Federal funds sold & reverse repurchase $312
    Net loans and leases $9,897,358
    Loan and leases loss allowance $109,143
    Trading account assets $0
    Bank premises and fixed assets $116,608
    Other real estate owned $1,034
    Goodwill and other intangibles $395,271
    All other assets $290,424

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $12,586,611
    Total Liabilities $10,966,179
    Total deposits $10,683,782
    Interest-bearing deposits $6,904,139
    Deposits held in domestic offices $10,683,782
    % insured (estimated) $50
    Federal funds purchased and repurchase agreements $151,086
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $131,311

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $9,897,358
    Loan and leases loss allowance $109,143
    Total loans and leases (domestic) $10,006,501
    All real estate loans $8,636,549
    Real estate loans in domestic offices $8,636,549
    Construction and development loans $1,378,243
    Residential 1-4 family construction $685,129
    Other construction, all land development and other land $693,114
    Loans secured by nonfarm nonresidential properties $4,782,167
    Nonfarm nonresidential secured by owner-occupied properties $1,658,156
    Commercial real estate & other non-farm, non-residential $3,124,011
    Multifamily residential real estate $573,702
    1-4 family residential loans $1,876,536
    Farmland loans $25,901
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $1,207,240
    To non-U.S. addressees $0
    Loans to individuals $30,488
    Credit card loans $0
    Related Plans $23,124
    Consumer Auto Loans $2,638
    Other loans to individuals $4,726
    All other loans & leases $132,224
    Loans to foreign governments and official institutions $0
    Other loans $128,356
    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 $1,684
    Non 1-4 family restructured loans & leases $614
    Total loans and leases (foreign) $0

    Sandy Spring Bank had $9,897,358,000 of loans outstanding in 2021. $8,636,549,000 of loans were in real estate loans. $1,378,243,000 of loans were in development loans. $573,702,000 of loans were in multifamily mortgage loans. $1,876,536,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $2,638,000 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 1,739 $602,665 $346,558
    Nonfarm, nonresidential loans - <$100k 87 $3,313 $38,080
    Nonfarm, nonresidential loans - $100-250k 404 $50,554 $125,134
    Nonfarm, nonresidential loans - $250k-1MM 1,248 $548,798 $439,742
    Commercial & Industrial, US addressed loans - <$1MM 5,199 $489,791 $94,209
    Commercial & Industrial, US addressed loans - <$100k 2,442 $53,798 $22,030
    Commercial & Industrial, US addressed loans - $100-250k 1,022 $85,876 $84,027
    Commercial & Industrial, US addressed loans - $250k-1MM 1,735 $350,117 $201,797
    Farmland loans - <$1MM 11 $3,494 $317,636
    Farmland loans - $100-250k 2 $385 $192,500
    Farmland loans - $250k-1MM 9 $3,109 $345,444