Harford Bank in Aberdeen, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Harford Bank in Aberdeen, Maryland (MD)
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Harford Bank - Overview

  • General
  • FDIC Certificate #: 19101
    Status: Active
    Federal Reserve ID: 660927
    Date Established: May 01, 1964
    WWW: http://www.harfordbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 12933
    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: May 01, 1964
    Last Structure Change Effective Date: May 24, 2010
    Last Structure Change Process Date: May 27, 2010
    Last Data Update: May 27, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 8 West Bel Air Avenue, Aberdeen, MD 21001
    County: Harford
    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): Baltimore, MD (#720)
    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): Baltimore-Towson, MD (#12580)
    CBSA Metro Statistical Area: Baltimore-Towson, MD (#12580)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $282.8 mil
    Equity capital: $27.4 mil
    Deposits held in domestic offices: $226.2 mil
    Return on assets (ROA): 0.68% ($1.9 mil)
    Quarterly return on assets: 0.62% ($1.8 mil)
    Return on Equity (ROE): 7.13% ($1.9 mil)
    Quarterly return on equity: 6.49% ($1.8 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.04% ($2,941.3 mil)
    Quarterly Pretax return on assets: 0.97% ($2,743.3 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 71Total employees (full-time equivalent)
  • $282,816Total assets
  • $14,512Cash and due from depository institutions
  • $6,504Interest-bearing balances
  • $31,068Securities
  • $2,027Federal funds sold & reverse repurchase agreements
  • $216,324Net loans & leases
  • $2,245Loan loss allowance
  • $0Trading account assets
  • $8,774Bank premises and fixed assets
  • $776Other real estate owned
  • $0Goodwill and other intangibles
  • $282,816Life insurance assets
  • $9,335All other assets
  • $255,369Total liabilities and capital
  • $226,155Total liabilities
  • $188,178Total deposits
  • $226,155Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $28,000Trading liabilities
  • $0Other borrowed funds
  • $1,214Subordinated debt
  • $27,447All other liabilities
  • $27,447Total equity capital
  • $27,447Total bank equity capital
  • $0Perpetual preferred stock
  • $10,870Common stock
  • $12,335Surplus
  • $4,242Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,261Income earned, not collected on loans
  • $0Earning assets
  • $982Long-term assets (5+ years)
  • $255,923Average Assets, year-to-date
  • $65,954Average Assets, quarterly
  • $280,684Volatile liabilities
  • $283,586Insider loans
  • $221,426FHLB advances
  • $289,273Loans and leases held for sale
  • $4,435Unused loan commitments
  • $4,362Tier 1 (core) risk-based capital
  • $27,447Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $73Total unused commitments
  • $32,523Restructured Loans and leases
  • $9,585Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,114Total interest income
  • $2,666Total interest expense
  • $11,448Net interest income
  • $1,230Provision for loan and lease losses
  • $888Total noninterest income
  • $0Fiduciary activities
  • $999Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$111Additional noninterest income
  • $8,192Total noninterest expense
  • $4,353Salaries and employee benefits
  • $1,063Premises and equipment expense
  • $2,776Additional noninterest expense
  • $2,914Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,013Applicable income taxes
  • $1,901Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,901Net income attributable to bank
  • $0Net charge-offs
  • $1,901Cash dividends
  • $1,461Sale, conversion, retirement of capital stock, net
  • $731Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.54%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 4.50%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 3.22%Noninterest expense to earning assets
  • 0.68%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 1.04%Pretax return on assets
  • 7.13%Return on equity (ROE)
  • 4.39%Retained earnings to average equity (YTD only)
  • 0.67%Net charge-offs to loans
  • 84.19%Credit loss provision to net charge-offs
  • 2.84%Efficiency ratio
  • 66,407Assets per employee
  • 3.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.45%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 42.67%Noncurrent assets plus other real estate owned to assets
  • 2.13%Noncurrent loans to loans
  • 2.41%Net loans and leases to deposits
  • 95.65%Net loans and leases to core deposits
  • 106.44%Equity capital to assets
  • 9.70%Core capital (leverage) ratio
  • 9.49%Tier 1 risk-based capital ratio
  • 12.40%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $280,684Average earning assets
  • $26,664Average equity
  • $254,606Average loans

List of branches

  • 8 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012933Harford Bank8 West Bel Air Avenue, Aberdeen, MD 21001May 01, 1964Full Service Brick and Mortar
    2247300Joppatowne Branch501 Riviera Drive, Joppatowne, MD 21085March 04, 1974Full Service Brick and Mortar
    3247301Bel Air Branch505 South Main Street, Bel Air, MD 21014December 08, 1980Full Service Brick and Mortar
    4247302Havre De Grace Branch960 Revolution Street, Havre De Grace, MD 21078October 21, 1985Full Service Brick and Mortar
    5247303Box Hill Branch2905 Emmorton Road, Abingdon, MD 21009August 19, 1991Full Service Brick and Mortar
    7247304Marketplace Drive Branch545 Marketplace Drive, Bel Air, MD 21014Febuary 03, 1999Full Service Brick and Mortar
    8463202Elkton Branch133 N. Bridge Street, Elkton, MD 21921April 30, 2007Full Service Brick and Mortar
    9518645Hickory Branch1610 Conowingo Road, Bel Air, MD 21014March 23, 2011Full Service Brick and Mortar

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