Monocacy Bancshares, Inc., is a one bank holding company. The bank operates as a commercial bank and trust company. Taneytown Bank & Trust Company is the wholly owned subsidiary and primary operating entity of the company. The bank provides commercial and savings business like receiving of demand and time deposit. The bank also offers loans to individuals, associations, partnerships and corporations. The bank's trust business comprises of residential first and second mortgages, home equity lines of credit and other related activities. The bank's insurance centre markets and sells insurance. Interest and fees on loans accounted for 67% of 1997 revenues; other interest income, 21% and non-interest income, 12%.