HarVest Bank of Maryland in Gaithersburg, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • HarVest Bank of Maryland in Gaithersburg, Maryland (MD)
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HarVest Bank of Maryland routing number info

HarVest Bank of Maryland - Overview

  • General
  • FDIC Certificate #: 57766
    Status: Active
    Federal Reserve ID: 3278547
    Bank Holding Company (Regulatory Top Holder): Harvest Bancorp, Inc. (RSSDID: 3609664, Location: Gaithersburg, MD)
    Date Established: November 15, 2004
    WWW: http://www.harvestbankmd.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 424216
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 15, 2004
    Last Structure Change Effective Date: Febuary 25, 2009
    Last Structure Change Process Date: Febuary 25, 2009
    Last Data Update: Febuary 25, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 15810 Gaither Dr, Suite 220, Gaithersburg, MD 20877
    County: Montgomery
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Baltimore
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Bethesda-Rockville-Frederick, MD (#13644)
  • History of Changes
  • Change in Location
    Corrections
  • Financial Summary
  • Total assets: $164.3 mil
    Equity capital: $2.8 mil
    Deposits held in domestic offices: $145.5 mil
    Return on assets (ROA): -1.76% (-$2.9 mil)
    Quarterly return on assets: -4.56% (-$7.5 mil)
    Return on Equity (ROE): -63.89% (-$1.9 mil)
    Quarterly return on equity: -194.10% (-$5.8 mil)
    Net income: -$2.8 mil
    Quarterly Net income: -$1.8 mil
    Pretax return on assets: -1.76% (-$2,892.4 mil)
    Quarterly Pretax return on assets: -4.56% (-$7,493.9 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $164,340Total assets
  • $31,987Cash and due from depository institutions
  • $0Interest-bearing balances
  • $20,787Securities
  • $7,527Federal funds sold & reverse repurchase agreements
  • $92,795Net loans & leases
  • $2,813Loan loss allowance
  • $0Trading account assets
  • $1,852Bank premises and fixed assets
  • $6,190Other real estate owned
  • $223Goodwill and other intangibles
  • $164,340Life insurance assets
  • $2,979All other assets
  • $161,530Total liabilities and capital
  • $145,515Total liabilities
  • $133,763Total deposits
  • $145,515Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,750Trading liabilities
  • $0Other borrowed funds
  • $265Subordinated debt
  • $2,810All other liabilities
  • $2,810Total equity capital
  • $2,810Total bank equity capital
  • $0Perpetual preferred stock
  • $9,475Common stock
  • $13,865Surplus
  • $-20,530Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $19,192Income earned, not collected on loans
  • $0Earning assets
  • $483Long-term assets (5+ years)
  • $121,109Average Assets, year-to-date
  • $38,204Average Assets, quarterly
  • $159,096Volatile liabilities
  • $161,482Insider loans
  • $102,390FHLB advances
  • $163,518Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,451Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,776Restructured Loans and leases
  • $4,476Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,588Total interest income
  • $2,341Total interest expense
  • $3,247Net interest income
  • $1,395Provision for loan and lease losses
  • $69Total noninterest income
  • $0Fiduciary activities
  • $49Service charges on deposit accounts
  • $0Trading account gains & fees
  • $20Additional noninterest income
  • $7,325Total noninterest expense
  • $1,802Salaries and employee benefits
  • $1,362Premises and equipment expense
  • $4,161Additional noninterest expense
  • -$5,404Pre-tax net operating income
  • $199Securities gains (losses)
  • $0Applicable income taxes
  • -$5,205Income before extraordinary items
  • $2,405Extraordinary gains - net
  • -$2,800Net income attributable to bank
  • $0Net charge-offs
  • -$2,800Cash dividends
  • $1,380Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.24%Yield on earning assets
  • 1.78%Cost of funding earning assets
  • 2.46%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 5.56%Noninterest expense to earning assets
  • -3.40%Net operating income to assets
  • -1.76%Return on assets (ROA)
  • -1.76%Pretax return on assets
  • -63.89%Return on equity (ROE)
  • -63.89%Retained earnings to average equity (YTD only)
  • 1.29%Net charge-offs to loans
  • 101.09%Credit loss provision to net charge-offs
  • -2.91%Efficiency ratio
  • 220,145Assets per employee
  • 6.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.94%Loss allowance to noncurrent loans
  • 14.66%Noncurrent assets plus other real estate owned to assets
  • 15.44%Noncurrent loans to loans
  • 20.07%Net loans and leases to deposits
  • 63.77%Net loans and leases to core deposits
  • 66.04%Equity capital to assets
  • 1.71%Core capital (leverage) ratio
  • 1.50%Tier 1 risk-based capital ratio
  • 2.39%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $159,096Average earning assets
  • $4,383Average equity
  • $131,844Average loans

List of branches

  • 5 Maryland Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    0424216Harvest Bank Of Maryland15810 Gaither Dr, Suite 220, Gaithersburg, MD 20877November 15, 2004Full Service Brick and Mortar
    1437056North Rockville Branch9707 Medical Center Drive, Suite 150, Rockville, MD 20850November 15, 2004Full Service Brick and Mortar
    2444617Germantown Branch12800 Middlebrook Road, Germantown, MD 20874September 26, 2005Full Service Brick and Mortar
    3458070Bethesda Branch7908 Woodmont Avenue, Bethesda, MD 20814January 09, 2007Full Service Brick and Mortar
    4468547Frederick Branch37 North Market Street, Frederick, MD 21701October 15, 2007Full Service Brick and Mortar

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