Howard Bank in Ellicott City, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches


Howard Bank - Overview

  • General
  • FDIC Certificate #: 57776
    Status: Active
    Federal Reserve ID: 3282852
    Bank Holding Company (Regulatory Top Holder): Howard Bancorp, Inc. (RSSDID: 3386910, Location: Ellicott City, MD)
    Date Established: August 09, 2004
    WWW: http://www.howardbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 424305
    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: August 09, 2004
    Last Structure Change Effective Date: June 04, 2007
    Last Structure Change Process Date: June 04, 2007
    Last Data Update: June 04, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 6011 University Boulevard Suite 370, Ellicott City, MD 21043
    County: Howard
    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
  • Corrections
    Change in Location
  • Financial Summary
  • Total assets: $323.1 mil
    Equity capital: $35.1 mil
    Deposits held in domestic offices: $265.6 mil
    Return on assets (ROA): 0.50% ($1.6 mil)
    Quarterly return on assets: 0.50% ($1.6 mil)
    Return on Equity (ROE): 4.96% ($1.7 mil)
    Quarterly return on equity: 4.59% ($1.6 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.86% ($2,779.0 mil)
    Quarterly Pretax return on assets: 0.97% ($3,134.5 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
  • 61Total employees (full-time equivalent)
  • $323,141Total assets
  • $17,926Cash and due from depository institutions
  • $10,206Interest-bearing balances
  • $13,376Securities
  • $279Federal funds sold & reverse repurchase agreements
  • $273,744Net loans & leases
  • $3,433Loan loss allowance
  • $0Trading account assets
  • $9,470Bank premises and fixed assets
  • $1,885Other real estate owned
  • $0Goodwill and other intangibles
  • $323,141Life insurance assets
  • $6,461All other assets
  • $287,999Total liabilities and capital
  • $265,574Total liabilities
  • $200,598Total deposits
  • $265,574Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 5806.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,000Trading liabilities
  • $0Other borrowed funds
  • $619Subordinated debt
  • $35,142All other liabilities
  • $35,142Total equity capital
  • $35,142Total bank equity capital
  • $0Perpetual preferred stock
  • $11,536Common stock
  • $25,996Surplus
  • $-2,390Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $646Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,728Income earned, not collected on loans
  • $2,755Earning assets
  • $983Long-term assets (5+ years)
  • $297,605Average Assets, year-to-date
  • $73,375Average Assets, quarterly
  • $312,145Volatile liabilities
  • $322,289Insider loans
  • $277,676FHLB advances
  • $318,130Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $34,739Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $54,626Restructured Loans and leases
  • $14,737Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,640Total interest income
  • $1,990Total interest expense
  • $12,650Net interest income
  • $1,164Provision for loan and lease losses
  • $360Total noninterest income
  • $0Fiduciary activities
  • $298Service charges on deposit accounts
  • $0Trading account gains & fees
  • $62Additional noninterest income
  • $9,154Total noninterest expense
  • $4,913Salaries and employee benefits
  • $1,429Premises and equipment expense
  • $2,812Additional noninterest expense
  • $2,692Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,135Applicable income taxes
  • $1,557Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,557Net income attributable to bank
  • $0Net charge-offs
  • $1,557Cash dividends
  • $1,254Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.12%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 4.42%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 0.50%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 4.96%Return on equity (ROE)
  • 4.96%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 92.82%Credit loss provision to net charge-offs
  • 3.07%Efficiency ratio
  • 70,361Assets per employee
  • 5.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 59.93%Noncurrent assets plus other real estate owned to assets
  • 2.36%Noncurrent loans to loans
  • 2.07%Net loans and leases to deposits
  • 103.08%Net loans and leases to core deposits
  • 118.69%Equity capital to assets
  • 10.88%Core capital (leverage) ratio
  • 10.92%Tier 1 risk-based capital ratio
  • 12.51%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $312,145Average earning assets
  • $31,362Average equity
  • $286,013Average loans

List of branches

  • 6 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0424305Howard Bank6011 University Boulevard Suite 370, Ellicott City, MD 21043August 09, 2004Full Service Brick and Mortar
    1440502Hickory Ridge Branch6430 Freetown Road, Columbia, MD 21044August 09, 2004Full Service Brick and Mortar
    2440503Snowden River Branch6011 University Boulevard, Suite 150, Ellicott City, MD 21043August 09, 2004Full Service Brick and Mortar
    3455819Maple Lawn Branch10985 Johns Hopkins Road, Laurel, MD 20723September 29, 2006Full Service Brick and Mortar
    4484681Route 40 Office10163 Baltimore National Pike, Ellicott City, MD 21042December 31, 2008Full Service Brick and Mortar
    5510411Annapolis Branch1997 Annapolis Exchange Pkwy Suite 140, Annapolis, MD 21401Febuary 08, 2010Full Service Brick and Mortar

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