Bank Of Ocean City
FDIC #5867
📍 Ocean City, Maryland
Bank Of Ocean City is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1916. With assets of $654.19 Million, it operates 6 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: June 1, 2024
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
June 1, 2024
Satisfactory
July 1, 2021
Satisfactory
August 1, 2018
Satisfactory
💰 Financial Strength
Total Assets$654.19 Million
Total Deposits$593.20 Million
Equity Capital$59.06 Million
Net Income$5.23 Million
📈 Performance
ROA1.12%
ROE12.28%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1916
FDIC Cert5867
Holding CoN/A
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
1990
Relocation
Moved HQ to: 10005 Golf Course Road, Ocean City, MD 21842.
1989
Relocation
Moved HQ to: U.S. Route 50 And Golf Course Road, Ocean City, MD 21842.