Howard Bank Mortgage Rates, Fees & Info
Baltimore, MDLEI: 549300FRCDZ60TVZUA57
Tax ID: 20-0558805
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Mortgage Data
Bank Data
Review & Overview
Howard Bank is a smaller bank specializing in Home Purchase loans. Howard Bank has a high proportion of conventional loans. Their top markets by origination volume include: Philadelphia, Baltimore, and Washington among others. We have data for 4 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.
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Originations
9Origination Dollar Volume (All Markets)
$9,035,000Employee count
196Top 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 |
|---|---|---|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 2 | $5,940,000 | $2,970,000 | $0 | 0.00% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 5 | $2,145,000 | $429,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| Outside of Metro Areas | 1 | $345,000 | $345,000 | $0 | 0.00% |
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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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 9 | $9,035,000 | $1,003,889 | $0 | 0.00% |
For 2021, Howard Bank's most frequently originated type of loan was Conventional, with 9 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 6 | $7,680,000 | $1,280,000 | $0 | 0.00% |
| Refi | 3 | $1,355,000 | $451,667 | $0 | 0.00% |
For 2021, Howard Bank's most frequently cited loan purpose was Home Purchase, with 6 originations. The 2nd most popular reason was Refi, with 3 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 9 | $9,035,000 | $1,003,889 | $0 | 0.00% |
For 2021, Howard Bank's most frequently cited loan duration was Other, with 9 originations.
Loan Sizing
2021 saw Howard Bank place emphasis on $200k-400k loans with 4 originations, totaling $1,430,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $75k-100k | 2 | $1,040,000 | $520,000 | $0 | 0.00% |
| $150k-250k | 1 | $625,000 | $625,000 | $0 | 0.00% |
Howard Bank lent most frequently to those with incomes in the $75k-100k range, with 2 originations. The second most popular income band? $150k-250k, with 1 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 9 | $9,035,000 | $1,003,889 | $0 | 0.00% |
Howard Bank lent most frequently to those with DTI ratios of Exempt%, with 9 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications100.00%
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 originationPoints and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 9 | $9,035,000 | $1,003,889 |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Howard Bank | 10101 Philadelphia Road Baltimore, MD 21237 | Full Service B&M | $135,828 |
| Howard Bank | 10163 Baltimore National Pike Ellicott City, MD 21042 | Full Service B&M | $227,028 |
| Howard Bank | 1997 Annapolis Exchange Pkwy, Ste 140 Annapolis, MD 21401 | Full Service B&M | $71,979 |
| Howard Bank | 2028 East Joppa Road Baltimore, MD 21234 | Full Service B&M | $137,138 |
| Howard Bank | 2129 York Road Timonium, MD 21093 | Full Service B&M | $154,922 |
| Howard Bank | 3 W Bel Air Avenue Aberdeen, MD 21001 | Full Service B&M | $43,643 |
| Howard Bank | 305 Crain Highway Glen Burnie, MD 21061 | Full Service B&M | $74,199 |
| 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 | $175,679 |
| Howard Bank | 4800 Painters Mill Road Owings Mills, MD 21117 | Full Service B&M | $112,284 |
| Howard Bank | 6 Pearl Street Rising Sun, MD 21911 | Full Service B&M | $116,652 |
| Howard Bank | 6011 University Boulevard, Suite 150 Ellicott City, MD 21043 | Full Service B&M | $548,795 |
| Howard Bank | 615 Baltimore Pike, Spaces 25b And 26 Bel Air, MD 21014 | Full Service B&M | $91,925 |
| Howard Bank | 7860 Wise Avenue Baltimore, MD 21222 | Full Service B&M | $135,978 |
For 2021, Howard Bank had 14 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $84,424 |
| Net interest income | $80,903 |
| Total noninterest income | $9,042 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $2,751 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $6,291 |
| Pre-tax net operating income | $39,984 |
| Securities gains (or losses, -) | $-109 |
| Income before extraordinary items | $29,341 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $29,341 |
| Minority interest net income | $0 |
| Net income | $29,341 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $29,427 |
Howard Bank's gross interest income from loans was $84,424,000.
Howard Bank's net interest income from loans was $80,903,000.
Howard Bank's fee based income from loans was $2,751,000.
Howard Bank's net income from loans was $29,341,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,521 |
| Provision for credit losses | $1,000 |
| Total noninterest expense | $48,961 |
| Salaries and employee benefits | $26,836 |
| Premises and equipment expense | $5,260 |
| Additional noninterest expense | $16,865 |
| Applicable income taxes | $10,534 |
| Net charge-offs | $1,688 |
| Cash dividends | $0 |
Howard Bank's interest expense for loans was $3,521,000.
Howard Bank's payroll and benefits expense were $26,836,000.
Howard Bank's property, plant and equipment expenses $5,260,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| 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 | 2.0% |
| 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 | $1,900,342 |
| Deposits held in domestic offices | $1,900,342 |
| Deposits by Individuals, partnerships, and corporations | $1,837,331 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $18,553 |
| Deposits by Commercial banks and other depository institutions in U.S. | $44,458 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $1,023,101 |
| Demand deposits | $1,023,101 |
| Nontransaction accounts | $877,241 |
| Money market deposit accounts (MMDAs) | $436,225 |
| Other savings deposits (excluding MMDAs) | $182,828 |
| Total time deposits | $258,189 |
| Total time and savings deposits | $877,241 |
| Noninterest-bearing deposits | $803,611 |
| Interest-bearing deposits | $1,096,731 |
| Retail deposits | $1,821,876 |
| IRAs and Keogh plan accounts | $32,492 |
| Brokered deposits | $46,542 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $2,476,127 |
| Cash & Balances due from depository institutions | $127,619 |
| Interest-bearing balances | $115,980 |
| Total securities | $330,311 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,798,690 |
| Loan and leases loss allowance | $18,474 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $51,038 |
| Other real estate owned | $315 |
| Goodwill and other intangibles | $34,916 |
| All other assets | $133,238 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $2,476,127 |
| Total Liabilities | $2,132,893 |
| Total deposits | $1,900,342 |
| Interest-bearing deposits | $1,096,731 |
| Deposits held in domestic offices | $1,900,342 |
| % insured (estimated) | $60 |
| Federal funds purchased and repurchase agreements | $10,267 |
| Trading liabilities | $0 |
| Other borrowed funds | $200,000 |
| Subordinated debt | $0 |
| All other liabilities | $22,284 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,798,690 |
| Loan and leases loss allowance | $18,474 |
| Total loans and leases (domestic) | $1,817,164 |
| All real estate loans | $1,346,146 |
| Real estate loans in domestic offices | $1,346,146 |
| Construction and development loans | $124,635 |
| Residential 1-4 family construction | $31,585 |
| Other construction, all land development and other land | $93,050 |
| Loans secured by nonfarm nonresidential properties | $688,263 |
| Nonfarm nonresidential secured by owner-occupied properties | $241,830 |
| Commercial real estate & other non-farm, non-residential | $446,433 |
| Multifamily residential real estate | $39,388 |
| 1-4 family residential loans | $491,219 |
| Farmland loans | $2,641 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $379,773 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $88,692 |
| Credit card loans | $0 |
| Related Plans | $5,716 |
| Consumer Auto Loans | $61 |
| Other loans to individuals | $82,915 |
| All other loans & leases | $2,553 |
| 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 | $1,219 |
| Non 1-4 family restructured loans & leases | $0 |
| Total loans and leases (foreign) | $0 |
Howard Bank had $1,798,690,000 of loans outstanding in 2021. $1,346,146,000 of loans were in real estate loans. $124,635,000 of loans were in development loans. $39,388,000 of loans were in multifamily mortgage loans. $491,219,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $61,000 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 | 440 | $139,856 | $317,855 |
| Nonfarm, nonresidential loans - <$100k | 30 | $1,484 | $49,467 |
| Nonfarm, nonresidential loans - $100-250k | 109 | $13,389 | $122,835 |
| Nonfarm, nonresidential loans - $250k-1MM | 301 | $124,983 | $415,226 |
| Commercial & Industrial, US addressed loans - <$1MM | 941 | $92,930 | $98,757 |
| Commercial & Industrial, US addressed loans - <$100k | 409 | $8,257 | $20,188 |
| Commercial & Industrial, US addressed loans - $100-250k | 234 | $16,957 | $72,466 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 298 | $67,716 | $227,235 |
| Farmland loans - <$1MM | 4 | $743 | $185,750 |
| Farmland loans - $100-250k | 1 | $119 | $119,000 |
| Farmland loans - $250k-1MM | 3 | $624 | $208,000 |