The Harbor Bank of Maryland
Baltimore, Maryland, Baltimore City County
$383M in total assets, the 2,167th largest of 4,309 US banks and 21st of 27 headquartered in Maryland.
- FDIC certificate
- 24015
- Established
- 1982
- Owned by
- Harbor Bankshares Corp
- Primary regulator
- FDIC
At a glance
Compared with 15 banks headquartered in Maryland with $100 million to $1 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $383M | 33% | $492M | |
| Loans | $229M | 20% | $372M | |
| Deposits | $324M | 33% | $446M | |
| Return on assets | 0.28% | 20% | 1.07% | |
| Net interest margin | 4.69% | 80% | 3.55% | |
| Efficiency ratio | 90.0% | 87% | 63.0% | |
| Equity to assets | 12.22% | 67% | 10.99% | |
| Loans to deposits | 71% | 2% | 88% |
Growth
Total assets grew 2.8% a year over the last 5 years and 4.3% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Sep 1994 | Second National Federal Savings Association Salisbury, MD | $782M |
| Jun 1994 | John Hanson Federal Savings Bank Beltsville, MD | $113M |
Where they operate
7 branches in 3 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Baltimore City County, MD | $240M | 0.6% | 9 of 19 |
| Montgomery County, MD | $51M | 0.1% | 26 of 29 |
| Baltimore County, MD | $33M | 0.1% | 21 of 25 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
No net change since 2016 (7 branches then and now). 2 opened, 0 acquired, 2 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 7 | |||
| 2020 | Closed Riverdale | 0 | 1 | −1 | 6 |
| 2022 | Opened Baltimore | 1 | 0 | +1 | 7 |
| 2025 | Opened Silver SpringClosed Baltimore | 1 | 1 | 0 | 7 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 53% | 33% | |
| 1-4 family residential | 23% | 46% | |
| Business (C&I) | 11% | 5% | |
| Multifamily | 10% | 3% | |
| Construction and land | 2% | 6% | |
| Consumer | 0% | 4% | |
| Farmland | 0% | 3% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Noninterest-bearing | 37% | 22% | |
| Other interest-bearing | 36% | 44% | |
| Time deposits | 26% | 34% |
Brokered deposits are 18.8% of deposits (peers 3.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.86% | 0.44% |
| Net charge-offs, annualized | -0.01% | 0.00% |
| Reserves to loans | 1.15% | 1.17% |
| Leverage ratio | 12.36% | 11.65% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Maryland
Largest competitors in Baltimore City County, MD
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/harbor-maryland