The area Sandy Spring serves did see a lot of appreciation in it's residential real estate and is seeing a correction which should have some impact on SSBC bottom line. But also keep in mind that the area that it serves has the best unemployment statistics in the entire country, so it's customers are in a better position to stay current on their payments.
Quote from a Bureau of Labor Statistics press release dated 8-08-08 "Bethesda-Frederick-Gaithersburg, Md., continued to report
the lowest jobless rate among the divisions, 3.0 percent."
This also means that the commercial side should not take as hard of a hit as other areas cause you have a higher percentage of the people employed then any where else in the country. A large percentage of SSBC loan portfolio is in commercial paper.
If you