Sandy Spring Bank
Sandy Spring Bank reported total assets of $13.8 bn at Q1 2025, its last Call Report before it merged into Atlantic Union Bank. Its common equity tier 1 ratio was 13.96%, and an estimated 37.61% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Return on equity (ROE): down 1.20 pp on Q4 2024, to 0.46%
- Total deposits: down 4.4% on Q4 2024, to $11.3 bn
- Uninsured share of domestic deposits: up 0.82 pp on Q4 2024, to 37.61%
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about Sandy Spring Bank?
Its largest one-quarter change in total assets since Q1 2016 was +48.9% between Q1 2020 and Q2 2020, when it absorbed Revere Bank.
How large is Sandy Spring Bank?
At Q1 2025 the bank held $13.8 bn of assets. Deposits were $11.3 bn and net loans and leases $11.3 bn, a loan-to-deposit ratio of 100.21%. Securities of $1.3 bn made up 9.5% of assets.
Total assets rose 192.2% between Q1 2016 and Q1 2025, from $4.7 bn.
How much of its funding is uninsured?
An estimated 37.61% of domestic deposits were above the FDIC insurance limit at Q1 2025, +0.82 pp from the previous quarter and +4.63 pp from a year earlier.
Key facts, Q1 2025
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $13.8 bn | -0.9% | |
| Total deposits | $11.3 bn | -0.3% | |
| Net loans and leases | $11.3 bn | +0.8% | |
| Bank equity capital | $1.8 bn | +0.6% | |
| Common equity tier 1 (CET1) ratio | 13.96% | +0.95 pp | |
| Tier 1 leverage ratio | 11.63% | +0.28 pp | |
| Return on equity (ROE) | 0.46% | -4.53 pp | |
| Net interest margin | 2.78% | +0.26 pp | |
| Uninsured share of domestic deposits | 37.61% | +4.63 pp | |
| Unrealized gain/loss on held-to-maturity securities | Loss of $34.1 mn | Narrowed by $4.5 mn | |
| Noncurrent loans to total loans | 1.00% | +0.26 pp | |
| Net charge-offs to average loans | 1.19% | +1.15 pp |
US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q1 2025. Dashed amber lines mark the mergers and acquisitions listed under Mergers and acquisitions.
- Total assets $13.8bn
- Deposits $11.3bn
- Net loans $11.3bn
Capital and securities
The common equity tier 1 (CET1) ratio was 13.96% at Q1 2025, +0.95 pp from a year earlier. Since Q1 2016 it has ranged from 10.37% (Q4 2017) to 13.96% (Q1 2025). At Q1 2025 the tier 1 leverage ratio was 11.63% and the total risk-based capital ratio 14.94%. The median CET1 ratio of the size peers listed below was 13.82% at Q1 2025.
Held-to-maturity securities had an unrealized loss of $34.1 mn at Q1 2025, measured as fair value minus amortized cost, equal to 1.8% of bank equity capital. The loss narrowed by $4.5 mn from a year earlier. The largest unrealized loss on these securities was $47.1 mn at Q3 2023. Available-for-sale securities showed an unrealized loss of $100.2 mn at Q1 2025; the loss narrowed by $25.6 mn from a year earlier.
Capital ratios
- Total capital 15%
- CET1 14%
- Tier 1 leverage 12%
Unrealized gains and losses on securities
- Available for sale -$100mn
- Held to maturity -$34mn
Profitability and loan quality
Return on equity was 0.46% for the year to Q1 2025, annualized, with a return on assets of 0.06% and a net interest margin of 2.78%. The margin was +0.26 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 80.23%. Net income for the year to Q1 2025 was $2.1 mn, down 90.9% on the same period a year earlier. The median return on equity of its size peers was 7.89% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 1.00% of total loans at Q1 2025. Net charge-offs for the year to date were 1.19% of average loans, annualized.
Profitability
- Return on equity 0.5%
- Net interest margin 2.8%
- Return on assets 0.1%
Compared with banks of similar size
The six banks ranked closest to Sandy Spring Bank by total assets at Q1 2025, three above and three below where possible.
Among the seven banks in the table at Q1 2025, Sandy Spring Bank is 4th by total assets. Its CET1 ratio of 13.96% compares with a peer median of 13.82%, its tier 1 leverage ratio of 11.63% compares with a peer median of 10.14%, and its return on equity of 0.46% compares with a peer median of 7.89%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| First Financial Bank | $14.3 bn | 17.79% | 15.28% | 45.85% | |
| Dime Commercial Bank | $14.1 bn | 14.00% | 6.41% | 50.88% | |
| NexBank | $13.9 bn | 15.40% | 13.75% | 16.86% | |
| Sandy Spring Bank | $13.8 bn | 13.96% | 0.46% | 37.61% | |
| NBT Bank | $13.8 bn | 11.89% | 9.20% | 40.59% | |
| Israel Discount Bank of New York | $13.6 bn | 13.63% | 6.58% | 47.27% | |
| Live Oak Banking Company | $13.5 bn | 10.64% | 5.35% | 15.04% | |
Q1 2025. Peer median (the six banks, excluding this one): CET1 13.82%, return on equity 7.89%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
Sandy Spring Bank, as reported in its Call Reports.
From Q2 2023 to Q1 2025, total assets fell 1.6% to $13.8 bn, deposits rose 2.5% to $11.3 bn and bank equity capital rose 1.1% to $1.8 bn. Over the same period its full-time equivalent staff went from 1,106 to 1,103 and its offices went from 56 to 54.
| Metric | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $14.0 bn | $14.1 bn | $14.0 bn | $13.9 bn | $14.0 bn | $14.4 bn | $14.1 bn | $13.8 bn |
| Total deposits | $11.0 bn | $11.2 bn | $11.1 bn | $11.4 bn | $11.5 bn | $11.9 bn | $11.8 bn | $11.3 bn |
| Bank equity capital | $1.8 bn | $1.8 bn | $1.8 bn | $1.8 bn | $1.8 bn | $1.9 bn | $1.8 bn | $1.8 bn |
| Common equity tier 1 (CET1) ratio | 13.00% | 13.19% | 12.95% | 13.01% | 13.38% | 13.42% | 13.70% | 13.96% |
| Return on equity (ROE) | 9.18% | 7.85% | 7.46% | 4.99% | 5.25% | 4.82% | 1.66% | 0.46% |
| Uninsured share of domestic deposits | 33.32% | 33.21% | 33.96% | 32.99% | 36.06% | 36.96% | 36.79% | 37.61% |
| Full-time equivalent employees | 1,106 | 1,094 | 1,098 | 1,095 | 1,122 | 1,149 | 1,136 | 1,103 |
| Number of offices | 56 | 56 | 55 | 55 | 55 | 55 | 55 | 54 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
Figures before and after each event are not like for like.
- . Absorbed WashingtonFirst Bank (FDIC certificate 57696).
- . Absorbed Revere Bank (FDIC certificate 58640).
- . Merged into Atlantic Union Bank (FDIC certificate 34589).
Large one-quarter moves
- Total assets changed by +45.0% in the quarter to 2018-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from WashingtonFirst Bank.
- Total assets changed by +48.9% in the quarter to 2020-06-30: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from Revere Bank.
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 4865
- Federal Reserve RSSD ID
- 506922
- Head office
- Olney, Maryland
- Holding company
- SANDY SPRING BCORP INC (as reported to the FDIC)
- Holding company RSSD ID
- 1248304
- EconoMonitor ID
- EMB-US-000192
Frequently asked questions
What were Sandy Spring Bank's total assets?
$13.8 bn at Q1 2025, according to its Call Report as published by the FDIC.
Is Sandy Spring Bank the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 4865). Its holding company, SANDY SPRING BCORP INC (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after Sandy Spring Bank files its Call Report and the FDIC publishes it. This page shows Q1 2025, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 4865, and in the Call Reports filed under RSSD ID 506922 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Uses community bank leverage ratio framework, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.