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The Harbor Bank of Maryland


Overview / Commentary
www.theharborbank.com
410-528-1801
25 West Fayette Street
Baltimore, MD 21201

The Harbor Bank of Maryland is headquartered in Baltimore and is the 29th largest bank in the state of Maryland. It is also the 2,130th largest bank in the nation. It was established in 1982 and as of December of 2019, it had grown to 64 employees at 7 locations. The Harbor Bank of Maryland has a C+ health rating.

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Reviews (2)

Old School, But Works Online/ Emails

Posted by: |

I agree that it is a bit old school. However, i was okay to send my docs thru email and they were pretty quick to open my account. Took them a day to complete everything once they received my documents.

3

Old School

Posted by: |

I opened an account here in Oct ‘18 to access the excellent IRA MM rate. I applied online but never could get access to the signature card form to complete the account opening. I called and emailed but no form. I finally went into a branch and completed the process. Website is limited but was able to link to another bank and transfer funds into a regular savings account. The IRA direct transfer request form is not available online (at least I could not find it) so I had to go back into the branch. The form is a carbonless triplicate (hence the title of this post). I’m not sure I would be comfortable here if I could not go into a branch. Hopefully they will improve the website capabilities. In the meantime I am very happy with the IRA MM rate. Some of the CD rates are pretty good too

Update Oct ‘19
Had this account for one year now and I would give them 4 stars on all categories. The websit update for rates is a bit slow but balances are timely. The IRA MM account has has dropped along with everything else but it’s still better than just about any other MM out there. It tracks a t-bill index so you know how it’s going to change the first week of the month. Note that they only pay interest Quarterly.
M

3


Health
C+

Data as of Q4 2019

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. The Harbor Bank of Maryland has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #24015
Year Established1982
Employees64
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-0.83%
Return on Equity - YTD-11.82%
Annual Interest Income$12.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$311.3MM$282.4MM
LoansQ4 2019vs Q4 2018$195.1MM$214.2MM
DepositsQ4 2019vs Q4 2018$286.2MM$219.2MM
Equity CapitalQ4 2019vs Q4 2018$20.4MM$20.4MM
Loan Loss AllowanceQ4 2019vs Q4 2018$2.2MM$2.1MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$4.5MM$2.0MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not The Harbor Bank of Maryland; we are a rate comparison website and cannot provide official rates or promotions.

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

The Harbor Bank of Maryland Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-Personal Statement Savings
0.05%$1k-Business Statement Savings

The Harbor Bank of Maryland Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$500-IRA Money Market
0.20%*$50k*-Investment Money Market Account
OTHER TIERS: 0.15% → $2.5k - $50k
0.15%*$15k*-Money Market
OTHER TIERS: 0.10% → $2.5k - $15k

The Harbor Bank of Maryland Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$1k-NOW Account
0.05%$1k-Gold Plus 55+

The Harbor Bank of Maryland CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$100-60 - 120 Month CD
0.35%$100-42 - 59 Month CD
0.30%$100-36 - 41 Month CD
0.25%$500-18 - 23 Month CD
0.25%$100-24 -29 Month CD
0.25%$100-30 - 35 Month CD
0.15%$500-12 - 17 Month CD
0.10%$500-6 - 11 Month CD
0.05%$500-32 Day - 5 Month CD
0.03%$2.5k-7 - 31 Day CD

The Harbor Bank of Maryland IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%$100-5 Year Fixed IRA
0.30%$1k-24 Month IRA
0.30%$100-18 Month Variable IRA
0.30%$2.5k-30 Month IRA
0.20%$1k-12 Month IRA
Locations


The Harbor Bank of Maryland Locations
Inner Harbor East Branch1000 Lancaster Street Suite CBaltimore, MD 21202
The Harbor Bank Of Maryland25 West Fayette StreetBaltimore, MD 21201
Park Heights Branch5000 Park Heights AvenueBaltimore, MD 21215
Riverdale Branch6820 Riverdale RoadRiverdale, MD 20737
Research Park Branch800 West Baltimore StreetBaltimore, MD 21201
Liberty Plaza Branch8530 Liberty RoadRandallstown, MD 21133
Science & Technology Park East At Johns Hopkins Br855 North Wolfe Street, Suite CBaltimore, MD 21205

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.