Woodsboro Bank, Financial Information

AboutWoodsboro Bank

 Address:
5 North Main Street
Woodsboro,MD
Frederick County,Maryland
 Established:
May 1899
 Number of domestic offices:
6
Total assets$322M
Net income$1M
Net income,quarterly$1M
Total deposits$293M
Domestic deposits$293M
Equity capital$26M
ROA0.46%
ROAQ,quarterly0.81%
ROA,pretax0.81%
ROAQ,quarterly,pretax1.07%
ROE5.31%
ROEQ,quarterly9.99%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Woodsboro Bank was established in 1899 in response to the growing agricultural, commercial and residential needs of the community. The bank headquartered in a handsome three-story, pressed red brick Italianate structure at 5 North Main Street in Woodsboro, that was specifically constructed for the bank in 1901.

In 1993, the Board of Directors voted to establish a location in Thurmont, the bank’s first branch. Today, Woodsboro Bank operates from eight offices located throughout Frederick County, including the bank’s Commercial Lending Office located in the SoMar Center on Carroll Creek Way in downtown Frederick.

Woodsboro Bank have recently added a compliment of electronic products and delivery methods, the most recent being Mobile Banking add-on to On-line banking. Mobile Banking allows customers to perform such necessary functions as checking their balance and paying bills while they are on the go.

The financial institution remains a strong, independent community bank that is dedicated to offering quality financial products with true personal service. Woodsboro Bank has assets in excess of $240 million and total capital of $19 million. The Bank has paid regularly scheduled dividends from its inception to the present time.

Woodsboro Bank – Corporate Office
5 N Main St., Woodsboro, MD 21798
301-898-4000
Fax: 301-898-0818