Howard Bank Mortgage Rates, Fees & Info

Baltimore, MD

LEI: 549300FRCDZ60TVZUA57

Tax ID: 20-0558805

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Howard Bank is a smaller bank specializing in Home Purchase and Refi loans. Howard Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Baltimore, Washington, Philadelphia, Salisbury, and York among others. We have data for 101 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Howard Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Howard Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    Originations

    2,257

    Origination Dollar Volume (All Markets)

    $681,065,000

    Employee count

    303 Show all (9) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1,619 $451,165,000 $278,669 $5,643 4.02%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 295 $123,245,000 $417,780 $5,995 4.07%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 55 $14,245,000 $259,000 $5,040 4.07%
    SALISBURY, MD-DE (FHA|USDA|VA) 25 $8,435,000 $337,400 $4,455 4.17%
    YORK-HANOVER, PA (FHA|USDA|VA) 22 $5,930,000 $269,545 $5,973 3.99%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 12 $4,690,000 $390,833 $5,403 4.00%
    Outside of Metro Areas 17 $4,195,000 $246,765 $3,928 3.96%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 18 $3,950,000 $219,444 $5,930 4.05%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 15 $3,635,000 $242,333 $3,727 3.78%
    GETTYSBURG, PA (FHA|USDA|VA) 8 $2,700,000 $337,500 $8,074 3.91%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 4 $2,320,000 $580,000 $6,741 4.09%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,990,000 $331,667 $6,609 3.71%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 6 $1,970,000 $328,333 $4,381 3.90%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 5 $1,955,000 $391,000 $4,374 3.88%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 5 $1,765,000 $353,000 $3,068 3.48%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 6 $1,680,000 $280,000 $8,985 4.17%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $1,580,000 $197,500 $5,556 3.86%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,535,000 $511,667 $3,495 3.71%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 2 $1,520,000 $760,000 $6,227 4.50%
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 4 $1,500,000 $375,000 $4,021 3.91%
    JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,480,000 $370,000 $4,815 4.09%
    Easton, MD (FHA|USDA|VA) 3 $1,475,000 $491,667 $5,044 4.08%
    RICHMOND, VA (FHA|USDA|VA) 4 $1,390,000 $347,500 $2,602 3.69%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $1,345,000 $1,345,000 $6,101 4.00%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $1,260,000 $315,000 $6,001 3.47%
    Edwards, CO (FHA|USDA|VA) 1 $1,165,000 $1,165,000 $3,351 4.00%
    Kill Devil Hills, NC (FHA|USDA|VA) 3 $1,125,000 $375,000 $2,975 4.21%
    DOVER, DE (FHA|USDA|VA) 4 $1,060,000 $265,000 $3,745 3.44%
    CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) 4 $1,060,000 $265,000 $4,193 3.75%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $995,000 $331,667 $6,169 3.25%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $975,000 $325,000 $3,523 4.13%
    RENO, NV (FHA|USDA|VA) 3 $935,000 $311,667 $5,137 3.58%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 2 $800,000 $400,000 $9,375 3.50%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $785,000 $261,667 $4,043 4.21%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 2 $780,000 $390,000 $3,260 3.56%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $745,000 $745,000 $15,084 7.50%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $730,000 $365,000 $5,339 3.94%
    TULSA, OK (FHA|USDA|VA) 1 $715,000 $715,000 $3,795 5.00%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $690,000 $345,000 $3,614 3.25%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $640,000 $320,000 $6,486 3.56%
    GREELEY, CO (FHA|USDA|VA) 2 $630,000 $315,000 $2,399 3.38%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $560,000 $280,000 $4,017 4.25%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 2 $550,000 $275,000 $1,759 3.69%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $550,000 $275,000 $2,270 3.69%
    Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $545,000 $545,000 $2,027 3.38%
    WINCHESTER, VA-WV (FHA|USDA|VA) 3 $545,000 $181,667 $5,321 4.50%
    APPLETON, WI (FHA|USDA|VA) 1 $535,000 $535,000 $804 3.38%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $535,000 $535,000 $4,456 0.00%
    SALT LAKE CITY, UT (FHA|USDA|VA) 1 $505,000 $505,000 $5,638 3.75%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 2 $490,000 $245,000 $3,200 3.50%
    FRESNO, CA (FHA|USDA|VA) 1 $485,000 $485,000 $1,998 3.63%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $485,000 $485,000 $5,090 3.25%
    St. Marys, GA (FHA|USDA|VA) 1 $475,000 $475,000 $10,893 4.88%
    RALEIGH-CARY, NC (FHA|USDA|VA) 2 $470,000 $235,000 $6,850 4.50%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $465,000 $465,000 $4,025 4.63%
    READING, PA (FHA|USDA|VA) 1 $455,000 $455,000 $5,191 4.13%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $455,000 $455,000 $3,618 3.25%
    MEMPHIS, TN-MS-AR (FHA|USDA|VA) 2 $450,000 $225,000 $6,737 3.81%
    PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 1 $445,000 $445,000 $1,546 3.13%
    ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 1 $445,000 $445,000 $13,016 3.13%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $445,000 $445,000 $5,555 4.13%
    Prineville, OR (FHA|USDA|VA) 1 $445,000 $445,000 $3,942 4.00%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $435,000 $435,000 $4,266 4.13%
    BURLINGTON-SOUTH BURLINGTON, VT (FHA|USDA|VA) 1 $435,000 $435,000 $3,889 4.13%
    Key West, FL (FHA|USDA|VA) 1 $435,000 $435,000 $4,712 3.50%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $415,000 $415,000 $8,664 3.75%
    ROANOKE, VA (FHA|USDA|VA) 1 $405,000 $405,000 $3,142 3.50%
    Morehead City, NC (FHA|USDA|VA) 1 $385,000 $385,000 $2,149 3.13%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 1 $365,000 $365,000 $2,379 3.00%
    BAKERSFIELD, CA (FHA|USDA|VA) 1 $355,000 $355,000 $3,273 5.38%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 1 $345,000 $345,000 $3,287 3.75%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $335,000 $335,000 $3,155 3.50%
    WILLIAMSPORT, PA (FHA|USDA|VA) 1 $335,000 $335,000 $4,075 3.63%
    MADERA, CA (FHA|USDA|VA) 1 $315,000 $315,000 $5,389 3.75%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $315,000 $315,000 $3,812 3.50%
    Elkins, WV (FHA|USDA|VA) 1 $285,000 $285,000 $3,484 4.25%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $275,000 $275,000 $3,464 3.50%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $265,000 $265,000 $8,303 4.25%
    LOUISVILLE, KY (FHA|USDA|VA) 1 $265,000 $265,000 $9,745 4.63%
    Jefferson, GA (FHA|USDA|VA) 1 $245,000 $245,000 $7,415 3.50%
    SAVANNAH, GA (FHA|USDA|VA) 1 $235,000 $235,000 $3,343 4.00%
    KINGSTON, NY (FHA|USDA|VA) 1 $225,000 $225,000 $3,485 3.75%
    DECATUR, AL (FHA|USDA|VA) 1 $225,000 $225,000 $1,452 3.38%
    COLUMBIA, SC (FHA|USDA|VA) 1 $225,000 $225,000 $1,585 3.63%
    HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $215,000 $215,000 $3,550 4.38%
    Ontario, OR-ID (FHA|USDA|VA) 1 $215,000 $215,000 $10,940 4.00%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 1 $215,000 $215,000 $4,085 5.25%
    LEBANON, PA (FHA|USDA|VA) 1 $215,000 $215,000 $3,919 4.00%
    Traverse City, MI (FHA|USDA|VA) 1 $205,000 $205,000 $8,388 4.00%
    WILMINGTON, NC (FHA|USDA|VA) 1 $205,000 $205,000 $6,354 3.88%
    Tupelo, MS (FHA|USDA|VA) 1 $205,000 $205,000 $2,026 3.13%
    Wooster, OH (FHA|USDA|VA) 1 $185,000 $185,000 $1,145 3.25%
    TOLEDO, OH (FHA|USDA|VA) 1 $175,000 $175,000 $5,875 4.13%
    SPRINGFIELD, MA (FHA|USDA|VA) 1 $155,000 $155,000 $6,825 4.38%
    Sanford, NC (FHA|USDA|VA) 1 $155,000 $155,000 $4,605 4.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $135,000 $135,000 $3,285 4.50%
    GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $135,000 $135,000 $2,770 3.25%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 1 $125,000 $125,000 $5,780 3.88%
    CLEVELAND, TN (FHA|USDA|VA) 1 $115,000 $115,000 $5,524 4.38%
    CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.75%
    Fort Payne, AL (FHA|USDA|VA) 1 $65,000 $65,000 $3,124 4.13%
    Howard Bank's top markets include Baltimore, Washington, Philadelphia, Salisbury, and York among others.

    Their top states include:
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • District of Columbia (FHA|USDA|VA)
  • Pennsylvania (FHA|USDA|VA)
  • Delaware (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Howard Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

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    Similarity Rank: 204
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,372 $443,620,000 $323,338 $4,364 4.15%
    FHA 622 $143,500,000 $230,707 $8,011 3.92%
    VA 242 $89,130,000 $368,306 $5,937 3.58%
    USDA 21 $4,815,000 $229,286 $5,853 3.62%

    For 2019, Howard Bank's most frequently originated type of loan was Conventional, with 1,372 originations. Their 2nd most popular type was FHA, with 622 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,564 $443,630,000 $283,651 $6,120 4.07%
    Refi 487 $173,155,000 $355,554 $4,371 3.77%
    Cash Out Refi 170 $56,690,000 $333,471 $4,354 4.13%
    Other 21 $4,465,000 $212,619 $3,810 4.40%
    Home Improvement 13 $2,835,000 $218,077 $3,726 4.72%
    NA 2 $290,000 $145,000 $0 5.00%

    For 2019, Howard Bank's most frequently cited loan purpose was Home Purchase, with 1,564 originations. The 2nd most popular reason was Refi, with 487 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,087 $625,745,000 $299,830 $5,681 4.04%
    15 Year 97 $26,805,000 $276,340 $3,700 3.54%
    20 Year 41 $12,495,000 $304,756 $3,563 3.73%
    30+ year 14 $10,930,000 $780,714 $13,781 4.48%
    Other 10 $3,030,000 $303,000 $4,310 3.84%
    10 Year 6 $600,000 $100,000 $3,074 3.88%
    5 Year 2 $1,460,000 $730,000 $0 5.05%

    For 2019, Howard Bank's most frequently cited loan duration was 30 Year, with 2,087 originations. The 2nd most popular length was 15 Year, with 97 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,770 $516,210,000 $291,644
    $<1k 238 $86,200,000 $362,185
    $2k-3k 75 $18,815,000 $250,867
    $3k-4k 47 $13,875,000 $295,213
    $5k+ 47 $27,315,000 $581,170
    $4k-5k 20 $6,760,000 $338,000

    Howard Bank's average total fees were $5,681, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,770 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,224 $376,350,000 $307,475
    4-5% 862 $262,730,000 $304,791
    5-6% 105 $21,865,000 $208,238
    2.5-3% 57 $17,425,000 $305,702
    6-7% 7 $1,415,000 $202,143
    7-8% 1 $745,000 $745,000

    During 2019, Howard Bank's average interest rate for loans was 4.04%, while their most frequently originated rate bucket for loans was 3-4%, with 1,224 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,125 $318,085,000 $282,742 $5,719 3.93%
    $100k-200k 615 $97,015,000 $157,748 $4,904 4.16%
    $400k-600k 353 $166,495,000 $471,657 $6,085 3.89%
    $600k-1MM 82 $60,650,000 $739,634 $6,612 4.19%
    $100,000 or less 61 $4,625,000 $75,820 $3,785 4.65%
    $1MM+ 21 $34,195,000 $1,628,333 $9,556 4.27%

    2019 saw Howard Bank place emphasis on $200k-400k loans with 1,125 originations, totaling $318,085,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 474 $102,080,000 $215,359 $5,700 4.06%
    $100k-150k 443 $142,825,000 $322,404 $5,729 4.01%
    $50k or less 384 $68,920,000 $179,479 $5,286 3.96%
    $75k-100k 377 $101,815,000 $270,066 $5,905 4.06%
    $150k-250k 325 $130,095,000 $400,292 $5,120 4.05%
    $250k+ 161 $102,135,000 $634,379 $5,904 4.14%

    Howard Bank lent most frequently to those with incomes in the $50k-75k range, with 474 originations. The second most popular income band? $100k-150k, with 443 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 386 $125,660,000 $325,544 $4,915 4.01%
    30-36% 381 $120,425,000 $316,076 $5,276 4.10%
    <20% 236 $79,500,000 $336,864 $4,582 3.66%
    50-60% 121 $28,595,000 $236,322 $7,831 3.91%
    43% 109 $31,005,000 $284,450 $5,765 4.10%
    44% 109 $30,045,000 $275,642 $5,675 4.18%
    41% 96 $27,990,000 $291,563 $5,990 4.06%
    39% 94 $25,450,000 $270,745 $5,842 4.16%
    42% 93 $28,555,000 $307,043 $5,858 4.06%
    37% 84 $22,540,000 $268,333 $5,651 4.00%
    38% 84 $28,350,000 $337,500 $5,726 3.96%
    40% 82 $23,680,000 $288,780 $5,884 4.15%
    36% 75 $22,915,000 $305,533 $5,314 4.00%
    45% 67 $20,115,000 $300,224 $5,981 4.09%
    47% 66 $18,270,000 $276,818 $6,388 4.03%
    48% 60 $16,340,000 $272,333 $6,304 4.14%
    46% 55 $15,405,000 $280,091 $6,225 4.01%
    49% 52 $13,100,000 $251,923 $6,342 4.15%

    Howard Bank lent most frequently to those with DTI ratios of 20-30%, with 386 originations. The next most common DTI ratio? 30-36%, with 381 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,467 $468,525,000 $319,376 $5,307 4.01%
    Not provided 374 $101,890,000 $272,433 $6,209 3.98%
    Black 317 $77,505,000 $244,495 $6,214 4.11%
    Asian 71 $22,545,000 $317,535 $5,374 3.93%
    Asian Indian 20 $7,520,000 $376,000 $4,492 3.99%
    American Indian 6 $1,630,000 $271,667 $8,418 4.00%
    Not applicable 2 $1,450,000 $725,000 $0 4.68%

    Approval Rates

    Total approvals of all applications
    97.54%

    Howard Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    77.94%

    Howard Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,257 $681,065,000 $301,757

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $1,355,000 $1,355,000
    Single Family (1-4 Units):Manufactured 2 $290,000 $145,000
    Single Family (1-4 Units):Site-Built 2,254 $679,420,000 $301,429

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 38 $7,300,000 $192,105 $3,390 4.09%
    40-60% 116 $29,920,000 $257,931 $3,631 3.96%
    60-80% 485 $159,125,000 $328,093 $3,990 4.12%
    80-100% 1,561 $465,075,000 $297,934 $6,065 4.00%
    Over 100% 49 $17,625,000 $359,694 $10,840 3.84%
    Under 20% 3 $345,000 $115,000 $3,493 3.96%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Howard Bank 10101 Philadelphia Road Baltimore, MD 21237 Full Service B&M $111,605
    Howard Bank 1013 Reisterstown Road Pikesville, MD 21208 Full Service B&M $52,677
    Howard Bank 10163 Baltimore National Pike Ellicott City, MD 21042 Full Service B&M $177,063
    Howard Bank 10175 Little Patuxent Parkway Columbia, MD 21044 Full Service B&M $55,526
    Howard Bank 12 A Bel Air South Parkway Bel Air, MD 21015 Full Service B&M $41,623
    Howard Bank 1403 Conwingo Drive Bel Air, MD 21014 Full Service B&M $50,099
    Howard Bank 1997 Annapolis Exchange Parkway Suite 140 Annapolis, MD 21401 Full Service B&M $62,369
    Howard Bank 2028 East Joppa Road Baltimore, MD 21234 Full Service B&M $134,638
    Howard Bank 2129 York Road Timonium, MD 21093 Full Service B&M $138,464
    Howard Bank 2700 Remington Avenue Baltimore, MD 21211 Full Service B&M $11,016
    Howard Bank 3 W Bel Air Avenue Aberdeen, MD 21001 Full Service B&M $48,304
    Howard Bank 305 Augustine Herman Hwy Elkton, MD 21921 Full Service B&M $25,858
    Howard Bank 305 Crain Highway Glen Burnie, MD 21061 Full Service B&M $37,787
    Howard Bank 3301 Boston Street Baltimore, MD 21224 Full Service B&M $0
    Howard Bank 3301 Boston Street Baltimore, MD 21224 Full Service B&M $92,663
    Howard Bank 366 A Ritchie Highway Severna Park, MD 21146 Full Service B&M $25,960
    Howard Bank 4800 Painters Mill Road Owings Mills, MD 21117 Full Service B&M $49,318
    Howard Bank 6 Pearl Street Rising Sun, MD 21911 Full Service B&M $70,789
    Howard Bank 6011 University Boulevard, Suite 150 Ellicott City, MD 21043 Full Service B&M $416,202
    Howard Bank 7860 Wise Avenue Baltimore, MD 21222 Full Service B&M $120,437

    For 2019, Howard Bank had 20 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $91,429
    Net interest income $71,059
    Total noninterest income $19,948
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2,822
    Trading account gains and fees $0
    Additional Noninterest Income $17,126
    Pre-tax net operating income $23,805
    Securities gains (or losses, -) $645
    Income before extraordinary items $18,752
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $18,752
    Minority interest net income $0
    Net income $18,752
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $18,242

    Howard Bank's gross interest income from loans was $91,429,000.
    Howard Bank's net interest income from loans was $71,059,000.
    Howard Bank's fee based income from loans was $2,822,000.
    Howard Bank's net income from loans was $18,752,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $20,370
    Provision for credit losses $4,193
    Total noninterest expense $63,009
    Salaries and employee benefits $31,866
    Premises and equipment expense $8,874
    Additional noninterest expense $22,269
    Applicable income taxes $5,698
    Net charge-offs $3,665
    Cash dividends $5,000

    Howard Bank's interest expense for loans was $20,370,000.
    Howard Bank's payroll and benefits expense were $31,866,000.
    Howard Bank's property, plant and equipment expenses $8,874,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 2.0%
    HELOC loans 0.0%
    All other family 2.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,724,069
    Deposits held in domestic offices $1,724,069
    Deposits by Individuals, partnerships, and corporations $1,664,626
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $27,232
    Deposits by Commercial banks and other depository institutions in U.S. $32,210
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $662,127
    Demand deposits $478,679
    Nontransaction accounts $1,061,942
    Money market deposit accounts (MMDAs) $360,711
    Other savings deposits (excluding MMDAs) $130,141
    Total time deposits $571,090
    Total time and savings deposits $1,245,390
    Noninterest-bearing deposits $478,679
    Interest-bearing deposits $1,245,390
    Retail deposits $1,434,903
    IRAs and Keogh plan accounts $43,364
    Brokered deposits $215,255
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,374,512
    Cash & Balances due from depository institutions $109,843
    Interest-bearing balances $90,294
    Total securities $223,255
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,765,822
    Loan and leases loss allowance $10,401
    Trading account assets $0
    Bank premises and fixed assets $56,748
    Other real estate owned $3,098
    Goodwill and other intangibles $74,418
    All other assets $141,328

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,374,512
    Total Liabilities $2,041,718
    Total deposits $1,724,069
    Interest-bearing deposits $1,245,390
    Deposits held in domestic offices $1,724,069
    % insured (estimated) $72
    Federal funds purchased and repurchase agreements $6,026
    Trading liabilities $0
    Other borrowed funds $299,508
    Subordinated debt $0
    All other liabilities $12,115

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,765,822
    Loan and leases loss allowance $10,401
    Total loans and leases (domestic) $1,776,223
    All real estate loans $1,356,414
    Real estate loans in domestic offices $1,356,414
    Construction and development loans $116,775
    Residential 1-4 family construction $24,802
    Other construction, all land development and other land $91,973
    Loans secured by nonfarm nonresidential properties $658,832
    Nonfarm nonresidential secured by owner-occupied properties $240,131
    Commercial real estate & other non-farm, non-residential $418,701
    Multifamily residential real estate $34,668
    1-4 family residential loans $542,282
    Farmland loans $3,857
    Loans held in foreign offices $0
    Farm loans $7
    Commercial and industrial loans $364,457
    To non-U.S. addressees $0
    Loans to individuals $46,936
    Credit card loans $0
    Related Plans $3,318
    Consumer Auto Loans $202
    Other loans to individuals $43,416
    All other loans & leases $8,409
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $1,336
    Non 1-4 family restructured loans & leases $368
    Total loans and leases (foreign) $0

    Howard Bank had $1,765,822,000 of loans outstanding in 2019. $1,356,414,000 of loans were in real estate loans. $116,775,000 of loans were in development loans. $34,668,000 of loans were in multifamily mortgage loans. $542,282,000 of loans were in 1-4 family mortgage loans. $7,000 of loans were in farm loans. $0 of loans were in credit card loans. $202,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 531 $150,348 $283,141
    Nonfarm, nonresidential loans - <$100k 52 $2,867 $55,135
    Nonfarm, nonresidential loans - $100-250k 163 $19,973 $122,534
    Nonfarm, nonresidential loans - $250k-1MM 316 $127,508 $403,506
    Commercial & Industrial, US addressed loans - <$1MM 1,009 $104,558 $103,625
    Commercial & Industrial, US addressed loans - <$100k 428 $10,213 $23,862
    Commercial & Industrial, US addressed loans - $100-250k 267 $21,940 $82,172
    Commercial & Industrial, US addressed loans - $250k-1MM 314 $72,405 $230,589
    Farmland loans - <$1MM 6 $1,811 $301,833
    Farmland loans - $100-250k 2 $295 $147,500
    Farmland loans - $250k-1MM 4 $1,516 $379,000
    Agriculture operations loans - <$1MM 1 $7 $7,000
    Agriculture operations loans - <$100k 1 $7 $7,000