# PROVIDENT STATE BANK INC
PRESTON, MD · FDIC certificate 8813 · asset band $300M-1B · latest filing 2023-03 · stopped filing (departed)

**Verdict on the desk:** this could be *run candidate*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $568.3M | |
| Deposits | $498.0M | |
| Loans and leases | $381.9M | |
| Total equity | $40.4M | |
| Loans / deposits | 76.02% (p50 of band) | 76.02% |
| Liquid assets / assets | 27.83% (p48 of band) | |
| Uninsured deposits / deposits | 20.32% (p28 of band) | 26.16% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 4.46% (p52 of band) | |
| FHLB advances / assets | 1.05% | |
| Tier 1 leverage | 9.32% (p29 of band) | 10.17% |
| Unrealized securities loss / equity | -52.03% (p18 of band) | -20.45% |
| AOCI / equity | 4.33% (p76 of band) | |
| ROA (annualized) | -0.53% (p2 of band) | 1.08% |
| Net interest margin | 3.36% (p41 of band) | 3.52% |
| Efficiency ratio | 121.42% (p99 of band) | |
| Noncurrent loans | 0.12% (p37 of band) | 0.22% |
| Net charge-offs (annualized) | 0.00% (p60 of band) | |
| Reserve coverage of noncurrent | 737.53% | |
| Real estate % of loans | 93% | |
| Construction % of loans | 97.44% (p77 of band) | |
| Auto loans | $1.7M (0.44% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p45 of band) | |
| Deposits YoY | 0.9% | |
| Employees | 80 | |

## Flags firing in the latest filing

- **securities losses >30% of equity** (`cap_secloss`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | reserve under noncurrent |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 1 |  |  |
| 2012-09 | 2 | capital falling |  |
| 2012-12 | 2 |  |  |
| 2013-03 | 1 |  | capital falling |
| 2013-06 | 1 |  |  |
| 2013-09 | 1 |  |  |
| 2013-12 | 1 |  |  |
| 2014-03 | 2 | charge-offs p90 |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 1 |  | reserve under noncurrent |
| 2014-12 | 1 | reserve under noncurrent | charge-offs p90 |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 0 |  | reserve under noncurrent |
| 2015-12 | 1 | capital falling |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 0 |  | capital falling |
| 2016-09 | 0 |  |  |
| 2016-12 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 3 | loans exceed deposits |  |
| 2017-09 | 3 | uninsured deposits leaving | charge-offs p90 |
| 2017-12 | 5 | capital falling, construction >100% equity |  |
| 2018-03 | 2 |  | reserve under noncurrent, loans exceed deposits, capital falling |
| 2018-06 | 1 | charge-offs p90 | uninsured deposits leaving, construction >100% equity |
| 2018-09 | 1 |  |  |
| 2018-12 | 2 | loans exceed deposits |  |
| 2019-03 | 0 |  | charge-offs p90, loans exceed deposits |
| 2019-06 | 2 | construction >100% equity, uninsured deposits leaving |  |
| 2019-09 | 2 |  |  |
| 2019-12 | 1 |  | uninsured deposits leaving |
| 2020-03 | 1 |  |  |
| 2020-06 | 0 |  | construction >100% equity |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 1 | capital falling |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 0 |  | capital falling |
| 2021-12 | 0 |  |  |
| 2022-03 | 0 |  |  |
| 2022-06 | 2 | AOCI drag >20% of equity, securities losses >30% of equity |  |
| 2022-09 | 3 | construction >100% equity |  |
| 2022-12 | 2 |  | construction >100% equity |
| 2023-03 | 3 | losing money, expense ratio p90 | AOCI drag >20% of equity |

## In the news (Google News, unfiltered, newest first; check the city)

- 2023-04-03 [Summit Financial Group Completes Acquisition of PSB Holding Corp. and Subsidiary, Provident State Bank - citybiz](https://news.google.com/rss/articles/CBMi1gFBVV95cUxNb3dSOUpKeFJiV2NxNWRKNWp5WmtBV0ptRjVtSzBsUUM4blRTaXBEOVRXdnV3Qm9XVlM1dmZId0JVSThRUDNtU05uNkZ6YnZvdDBwdXVweExkQUpSNUxCSm9kSVE2OGEzMGhveUdVbFZsN284dWhMRWd4MjNDdURrSHFPd01Oa2syRlhyLXdlQkZ3ejd5WVY2c050Y3RvcEtkTEQ1UzVvdWJBV2RTRHBmWHR5R01XbEFnR2tRS04zZzZZVy0wLUxvZS1SeWxkaFYwcWRtVUhn?oc=5) · citybiz
- 2019-08-13 [First-half expansion fuels Provident State Bank parent - Maryland Daily Record](https://news.google.com/rss/articles/CBMimAFBVV95cUxOSVhSU2xWakllU0tlblROYUtOVm9PeldXeVpuNWVRbVBxYk5DcUxLU2JRU011MVBaSzkwZ0NQWk1Rd3hTWS1ldTBvX3ZJZTRwdTRTUVY5TGFfNG44WEpCWi1rcV9pZWtEdFZwSGNNMm4wNnFYcFZVN1ZmNHFjOWZjUXdvN0d2U3k4ZEcxclMyOUZwSmsyZ2d3Tg?oc=5) · Maryland Daily Record
- 2022-03-08 [PSB Holding Appoints Shannon Burton to Board - citybiz](https://news.google.com/rss/articles/CBMiiwFBVV95cUxNX1BZRlhoMUhoZmkzbnF4RmJockMyMS02ZmprNmNqMWpTR0JiMEU1eWpWLWg4SGVWOVFLeVdtUEtabjNZNDdWbVF4VF9TamIwc1ktWEVfQ3hYQUZyajVNWmpXaVk2elB3YldER2VObzJvWGNqd3pEY0VnbThnUjJXaUQ0NEdIUVJZU3Nn?oc=5) · citybiz
- 2017-06-08 [Kent County Property Transfers - MyEasternShoreMD](https://news.google.com/rss/articles/CBMi1wFBVV95cUxObzNxSUk0andLcV9nc1BSVnNfeGFReVRxazJiWS1qelZacTdrRnhTaTMxWDlVelc5dUNFVkFTODdJZFZqUWJ4dW54WWxVNW1meHN0SFZkQlp5aU9rTjFGV2ExMHdBR3I5ODBmdG1ZSEhTblhWeDBPVVNwalY1cU9DQ1dKeTNGaG1iRVdNY3JpS05icEdPQTRKRHVPV2RwczhsSGxrel9WODdiVWdDMVhER2JVWFoxTnQ5MTJBQzFibnI3ekNvQ3puem9LWXV2Sl8zVk01MUN5RQ?oc=5) · MyEasternShoreMD

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=8813 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/45.json (key "8813", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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