The Harbor Bank of Maryland

Overview / Commentary
25 West Fayette Street
Baltimore, MD 21201

The Harbor Bank of Maryland is headquartered in Baltimore and is the 28th largest bank in the state of Maryland. It is also the 2,351st largest bank in the nation. It was established in 1982 and as of December of 2021, it had grown to 63 employees at 6 locations. The Harbor Bank of Maryland has a B+ health rating.

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.

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.


Health Grade Components

FDIC Certificate #24015
Year Established1982
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD7.43%
Annual Interest Income$10.3MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$329.8MM$322.4MM
LoansQ4 2021vs Q4 2020$191.3MM$213.9MM
DepositsQ4 2021vs Q4 2020$288.1MM$264.0MM
Equity CapitalQ4 2021vs Q4 2020$25.5MM$20.8MM
Loan Loss AllowanceQ4 2021vs Q4 2020$2.4MM$2.4MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$3.8MM$5.1MM
Real Estate OwnedQ4 2021vs Q4 2020$0$214.00K

Rates for The Harbor Bank of Maryland are currently being reviewed.


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
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

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