The Harbor Bank of Maryland in Baltimore, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Harbor Bank of Maryland - Overview

  • General
  • FDIC Certificate #: 24015
    Status: Active
    Federal Reserve ID: 533124
    Bank Holding Company (Regulatory Top Holder): Harbor Bankshares Corporation (RSSDID: 2008130, Location: Baltimore, MD)
    Date Established: September 13, 1982
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 10119
    FDIC's unique #: 16747
    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: September 13, 1982
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 25 West Fayette Street, Baltimore, MD 21201
    County: Baltimore City
    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
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $240.4 mil
    Equity capital: $26.5 mil
    Deposits held in domestic offices: $206.2 mil
    Return on assets (ROA): 0.12% ($0.3 mil)
    Quarterly return on assets: 0.04% ($0.1 mil)
    Return on Equity (ROE): 1.18% ($0.3 mil)
    Quarterly return on equity: 0.41% ($0.1 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.20% ($480.9 mil)
    Quarterly Pretax return on assets: 0.32% ($769.4 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
  • 72Total employees (full-time equivalent)
  • $240,428Total assets
  • $14,585Cash and due from depository institutions
  • $1,085Interest-bearing balances
  • $22,284Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $182,112Net loans & leases
  • $5,032Loan loss allowance
  • $0Trading account assets
  • $4,764Bank premises and fixed assets
  • $203Other real estate owned
  • $370Goodwill and other intangibles
  • $240,428Life insurance assets
  • $16,110All other assets
  • $213,897Total liabilities and capital
  • $206,235Total liabilities
  • $160,720Total deposits
  • $206,235Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $2,662Subordinated debt
  • $26,531All other liabilities
  • $26,531Total equity capital
  • $26,531Total bank equity capital
  • $0Perpetual preferred stock
  • $1,432Common stock
  • $23,708Surplus
  • $1,391Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,531Income earned, not collected on loans
  • $1,492Earning assets
  • $900Long-term assets (5+ years)
  • $205,481Average Assets, year-to-date
  • $69,966Average Assets, quarterly
  • $250,019Volatile liabilities
  • $243,230Insider loans
  • $185,115FHLB advances
  • $244,556Loans and leases held for sale
  • $6,458Unused loan commitments
  • $4,107Tier 1 (core) risk-based capital
  • $20,258Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,351Total unused commitments
  • $10,397Restructured Loans and leases
  • $8,997Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,977Total interest income
  • $1,731Total interest expense
  • $10,246Net interest income
  • $1,505Provision for loan and lease losses
  • $1,837Total noninterest income
  • $0Fiduciary activities
  • $509Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,328Additional noninterest income
  • $10,073Total noninterest expense
  • $4,389Salaries and employee benefits
  • $1,978Premises and equipment expense
  • $3,706Additional noninterest expense
  • $505Pre-tax net operating income
  • $0Securities gains (losses)
  • $207Applicable income taxes
  • $298Income before extraordinary items
  • $0Extraordinary gains - net
  • $298Net income attributable to bank
  • $0Net charge-offs
  • $298Cash dividends
  • $1,811Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.50%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.71%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 4.63%Noninterest expense to earning assets
  • 0.12%Net operating income to assets
  • 0.12%Return on assets (ROA)
  • 0.20%Pretax return on assets
  • 1.18%Return on equity (ROE)
  • 1.18%Retained earnings to average equity (YTD only)
  • 0.94%Net charge-offs to loans
  • 83.10%Credit loss provision to net charge-offs
  • 1.11%Efficiency ratio
  • 83,365Assets per employee
  • 3.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.69%Loss allowance to noncurrent loans
  • 47.78%Noncurrent assets plus other real estate owned to assets
  • 4.46%Noncurrent loans to loans
  • 5.63%Net loans and leases to deposits
  • 88.30%Net loans and leases to core deposits
  • 96.60%Equity capital to assets
  • 11.03%Core capital (leverage) ratio
  • 8.28%Tier 1 risk-based capital ratio
  • 10.94%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $250,019Average earning assets
  • $25,222Average equity
  • $217,598Average loans

List of branches

  • 7 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016747The Harbor Bank Of Maryland25 West Fayette Street, Baltimore, MD 21201September 13, 1982Full Service Brick and Mortar
    1239823Park Heights Branch5000 Park Heights Avenue, Baltimore, MD 21215November 05, 1951Full Service Brick and Mortar
    3287889Riverdale Branch6820 Riverdale Road, Riverdale, MD 20737June 30, 1986Full Service Brick and Mortar
    7256879Inner Harbor East Branch1000 Lancaster Street Suite C, Baltimore, MD 21201May 19, 1997Full Service Brick and Mortar
    9227078Liberty Plaza Branch8530 Liberty Road, Randallstown, MD 21133November 15, 1974Full Service Brick and Mortar
    10452529Research Park Branch800 West Baltimore Street, Baltimore, MD 21201October 01, 2005Full Service Brick and Mortar
    11492774Science & Technology Park East At Jo855 Wolfe St, Baltimore, MD 21205March 16, 2009Full Service Brick and Mortar

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