Howard Bank

Overview / Commentary

www.howardbank.com

410-750-3285

3301 Boston Street
Baltimore, MD 21224

Howard Bank is headquartered in Baltimore and is the 3^rd largest bank in the state of Maryland. It is also the 408^th largest bank in the nation. It was established in 2004 and as of June of 2020, it had grown to 232 employees at 16 locations. Howard Bank has an A health rating.

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8/20 - Howard Bank (MD) Adds 29-Month Bump Up CD

4/6 - 2.75% 12-Month CD at NBRS Financial Bank in MD & PA

11/22 - 5.70% 30-Month CD at a Maryland Bank (Howard)

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Health

Data as of Q2 2020

Learn why bank health matters

Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Howard Bank has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #	57776
Year Established	2004
Employees	232
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	-2.06%
Return on Equity - YTD	-15.4%
Annual Interest Income	$43.7MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$2.46B$2.30B
Loans	Q2 2020vs Q2 2019	$1.88B$1.73B
Deposits	Q2 2020vs Q2 2019	$1.83B$1.72B
Equity Capital	Q2 2020vs Q2 2019	$308.9MM$326.2MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$16.4MM$9.1MM
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$17.6MM$20.0MM
Real Estate Owned	Q2 2020vs Q2 2019	$2.1MM$4.7MM

Rates

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Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Howard Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.03%^*	$50k^*	-	Health Savings Account
OTHER TIERS: 0.01% → Up to $1k \| 0.02% → $1k - $50k
0.01%	-	-	Junior Savings
0.01%	-	-	Personal Savings
0.01%	-	-	Business Savings

Howard Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.12%^*	$100k^*	-	Personal Money Market
OTHER TIERS: 0.01% → Up to $1k \| 0.02% → $1k - $10k \| 0.03% → $10k - $50k \| 0.05% → $50k - $100k
0.04%^*	$100k^*	-	Business Money Market
OTHER TIERS: 0.01% → Up to $1k \| 0.02% → $1k - $50k \| 0.03% → $50k - $100k

Howard Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$1m^*	-	Community Business Checking
OTHER TIERS: 0.01% → $10k - $1m
0.10%^*	$250k^*	-	Premium Checking
OTHER TIERS: 0.01% → Up to $10k \| 0.03% → $10k - $50k \| 0.05% → $50k - $250k
0.04%^*	$50k^*	-	Relationship Checking
OTHER TIERS: 0.01% → Up to $1k \| 0.03% → $1k - $50k

Howard Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%	$500	-	24 - 35 Month CD
0.25%	$500	-	36 - 47 Month CD
0.25%	$500	-	48 - 59 Month CD
0.25%	$500	-	60 Month CD
0.20%	$500	-	12 - 23 Month CD
0.15%	$500	-	6 - 11 Month CD
0.10%	$500	-	1 - 5 Month CD

Howard Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.25%	$500	-	24 - 35 Month IRA
0.25%	$500	-	36 - 47 Month IRA
0.25%	$500	-	48 - 59 Month IRA
0.25%	$500	-	60 Month IRA
0.20%	$500	-	12 - 23 Month IRA
0.15%	$500	-	6 - 11 Month IRA
0.10%	$500	-	1 - 5 Month IRA

Locations

Availability

Baltimore Area

Baltimore Area bank & credit union details

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