# HOWARD BANK
BALTIMORE, MD · FDIC certificate 57776 · asset band $1-10B · latest filing 2021-12 · stopped filing (departed)

**Verdict on the desk:** this could be *ordinary*. Composite score 0 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $2.48B | |
| Deposits | $1.90B | |
| Loans and leases | $1.82B | |
| Total equity | $343.2M | |
| Loans / deposits | 94.65% (p90 of band) | 73.47% |
| Liquid assets / assets | 18.49% (p15 of band) | |
| Uninsured deposits / deposits | 39.83% (p64 of band) | 33.32% |
| Brokered deposits | 1.88% | |
| Wholesale funding | 10.37% (p86 of band) | |
| FHLB advances / assets | 8.08% | |
| Tier 1 leverage | 11.81% (p86 of band) | 9.53% |
| Unrealized securities loss / equity | -2.10% (p25 of band) | -0.38% |
| AOCI / equity | -2.40% (p36 of band) | |
| ROA (annualized) | 1.15% (p44 of band) | 1.21% |
| Net interest margin | 3.50% (p70 of band) | 3.23% |
| Efficiency ratio | 51.85% (p24 of band) | |
| Noncurrent loans | 0.79% (p78 of band) | 0.34% |
| Net charge-offs (annualized) | 0.07% (p82 of band) | |
| Reserve coverage of noncurrent | 129.07% | |
| Real estate % of loans | 74% | |
| Construction % of loans | 36.31% (p42 of band) | |
| Auto loans | $61,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | -3.9% | |
| Employees | 196 | |

## Flags firing in the latest filing

- none

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | loans exceed deposits, wholesale funding >15% |  |
| 2011-06 | 3 | construction >100% equity |  |
| 2011-09 | 2 |  | construction >100% equity |
| 2011-12 | 4 | liquid assets <10%, reserve under noncurrent, construction >100% equity | wholesale funding >15% |
| 2012-03 | 2 | capital falling | loans exceed deposits, liquid assets <10%, construction >100% equity |
| 2012-06 | 3 | loans exceed deposits |  |
| 2012-09 | 2 |  | loans exceed deposits |
| 2012-12 | 2 | wholesale funding >15% | reserve under noncurrent |
| 2013-03 | 2 |  |  |
| 2013-06 | 5 | loans exceed deposits, liquid assets <10%, reserve under noncurrent |  |
| 2013-09 | 4 |  | capital falling |
| 2013-12 | 3 |  | liquid assets <10% |
| 2014-03 | 6 | liquid assets <10%, capital falling, construction >100% equity |  |
| 2014-06 | 5 |  | reserve under noncurrent |
| 2014-09 | 6 | charge-offs p90 |  |
| 2014-12 | 5 | reserve under noncurrent | wholesale funding >15%, charge-offs p90 |
| 2015-03 | 5 | wholesale funding >15%, uninsured deposits leaving | capital falling, construction >100% equity |
| 2015-06 | 4 |  | uninsured deposits leaving |
| 2015-09 | 4 | expense ratio p90 | wholesale funding >15% |
| 2015-12 | 5 | wholesale funding >15% |  |
| 2016-03 | 2 | capital falling | loans exceed deposits, liquid assets <10%, expense ratio p90, wholesale funding >15% |
| 2016-06 | 4 | loans exceed deposits, liquid assets <10% |  |
| 2016-09 | 4 | wholesale funding >15% | capital falling |
| 2016-12 | 3 |  | liquid assets <10% |
| 2017-03 | 3 | charge-offs p90 | wholesale funding >15% |
| 2017-06 | 4 | wholesale funding >15% |  |
| 2017-09 | 4 | capital falling | charge-offs p90 |
| 2017-12 | 6 | liquid assets <10%, noncurrent p90 |  |
| 2018-03 | 9 | losing money, expense ratio p90, charge-offs p90 |  |
| 2018-06 | 7 |  | capital falling, liquid assets <10% |
| 2018-09 | 5 |  | wholesale funding >15%, charge-offs p90 |
| 2018-12 | 4 | wholesale funding >15% | loans exceed deposits, noncurrent p90 |
| 2019-03 | 3 | charge-offs p90 | losing money, expense ratio p90 |
| 2019-06 | 5 | loans exceed deposits, brokered >10% |  |
| 2019-09 | 4 |  | brokered >10% |
| 2019-12 | 3 |  | charge-offs p90 |
| 2020-03 | 2 |  | loans exceed deposits |
| 2020-06 | 4 | loans exceed deposits, capital falling, losing money | wholesale funding >15% |
| 2020-09 | 4 | brokered >10%, wholesale funding >15% | loans exceed deposits, capital falling |
| 2020-12 | 2 |  | reserve under noncurrent, brokered >10% |
| 2021-03 | 2 | charge-offs p90 | losing money |
| 2021-06 | 3 | reserve under noncurrent |  |
| 2021-09 | 0 |  | wholesale funding >15%, charge-offs p90, reserve under noncurrent |
| 2021-12 | 0 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2022-01-28 [First National Bank-Howard Bank merger to bring new resources to Baltimore region - Maryland Daily Record](https://news.google.com/rss/articles/CBMivAFBVV95cUxOaEwtaGtzb19ZMzg2akpyWkF6SzYyeDQ1RFRka2otMklHdy1zUnJCMks4b251Z2tKaVdMYzVlaXZaTFRRQk1oSFdmVElxcWlrcHNPdWh5TzFlY19KMjZXY2tfRjZBdWNETWJ1SjNSamVmRVp2ZHZELThHdmQ1cm9NWFJTNnNFYmZEYmQ0YW5GR2ZEQUpBUnlCaEIxYnlYTXRaSnJFU1pVQV9ZUGxQTnc3dkFVY2pDeFhjZW9jMA?oc=5) · Maryland Daily Record
- 2017-11-30 [Enterprising builder: Howard Bank's Mary Ann Scully - American Banker](https://news.google.com/rss/articles/CBMijgFBVV95cUxPZ01VSFhxMGZ1QVRIWGNSMWE0TzVpMkNpeEpNSTNXQV9DWGxLYzNjRXZRcTU1eVM4OEl5eHI1N0JNRVB2a0M1Y1VmbkpZbXRmTFZTdEZ0eURTVjRFdGpPWU9EZmgtcUVTYTd2a2ZndHVQMWY1Y1Vib2U5NUxtZGxiaXp0TThPcWxZbzNUNUhR?oc=5) · American Banker
- 2021-07-14 [Baltimore-based Howard Bank to be acquired for $418M - wtop.com](https://news.google.com/rss/articles/CBMieEFVX3lxTE9PWVZ6a2ZRalltSjFaWXNEZV9SZ2tSSkdobnFzTHdjclR1bklCeTRicnJmOGl6ZXZuTUVCYUl1NDgyNE5YZnFDUVA5eVQzUFdZR2xBNTlyUHNhOUU3OTRHcnlIMFpPNDBaNXQxTm03NUg1am44ZnE3Tg?oc=5) · wtop.com
- 2021-07-13 [Howard Bancorp agrees to sell to Pittsburgh-based bank for $418M - The Business Journals](https://news.google.com/rss/articles/CBMilwFBVV95cUxOZW0wNUlaQTVhOUVWcmxVLUNpWnJNV292aURPVHFSQWszN1NDR3lNaFZEUWl6eXU0Y19WbVRBT1laR19NdjhjTE5SQXpyM0lMbVRxcmdkeGlMSGVOWnpINkJXQ0pSV1FoemhRRi1ETUpyMTRXT3c5OW1peFp5dzJUeEc1aW9HQUIxOGFfTWR1ak5pNndxdUhr?oc=5) · The Business Journals
- 2021-07-13 [F.N.B. Corporation and Howard Bancorp, Inc. Announce Merger Strengthening Mid-Atlantic Presence - Business Wire](https://news.google.com/rss/articles/CBMi5gFBVV95cUxNVVZSZ3BMU2RvWVNNR2ZNNThrUEVzSkZPdmU0R1JiRjZ3SENweEtuXzNKRTdkSlh6aThnX3BWaERtRVAtTlhCWjRSaWxucmIyb3oxemF1em5Sa0l1OUVDM0duQWR5OEtDc1NvcWZlb3JxOWxWdnZCYVYyT2ZqLUQyRWgwUEVhWk4tVTZ1a2FSc1NjTjhiQm5MMkJTaEdiWHMwaC11S3MzVzRPQ1FBNnBITnFfLWlnMkVQT3BGWEFNNXZFdm1xQ3M1U3pzS29HQU0yYXJfUTREYnAzdXA2OXNENUtOQ256dw?oc=5) · Business Wire
- 2020-04-29 [Howard Bank Names Former Old Line Bank Executive Thomas Mee as Senior Vice President, Commercial Real Estate, Senior Lender - I95 Business](https://news.google.com/rss/articles/CBMiTkFVX3lxTFBNLUkyTlREZHA4RWRXWmwtc05DVG4yX29LUV9ZWFBUU3E3b3JPVWh5SWFyNHBnX0g5NHFjOHZpYURxRlFkYmtMV1VSZHNxUQ?oc=5) · I95 Business
- 2021-07-13 [Howard Bank, Baltimore’s largest local bank, agrees to takeover by FNB - Baltimore Sun](https://news.google.com/rss/articles/CBMirAFBVV95cUxNS2QxWGtwTndybXVOQUJUdndQem85Zll5c25CUFJ1S2xZYUNaVXplQ1JYTnV3NlBzTm44SmJQanNXZEszT2xPTzNhcU1KTUwxX1Y5VHFrdnREa05HSUVCeEYwVm1ZZ2ZibnRyWXpXSmZkSElCZ1B0R2tseGhCak1JS3lLVEhfRGxFWG5aekZoeTctUlB2Zjd1c05lVllkZFEySEVUdV9IWmQ1TnVl?oc=5) · Baltimore Sun
- 2021-03-09 [Citybiz Interview with Robert Kunisch, President & Chief Operating Officer at Howard Bank - citybiz.co](https://news.google.com/rss/articles/CBMiwgFBVV95cUxNT2NQNklpMGFlQXZiYW9MMDJ5QTVOM0w4Y1BJd2p1RlFPRHZ1aFItM05BRktXOEs0eWo2dy1NMHJBLUZkemlqUmN5X2pIR2hYR3oxeVE5b0FPdmpQQjRKbWt0dE5wdFRNcS1ROUtFZWpzRzlqX1E4UWFHQTg2WjJaV3dIRmY1azRTbE8xdUFPbnFPWWZnVVJGMEZ3NTgwU0RkZkpZV0RWekZxLWtCaE4yNGItN3VfU2NnT1MyN1BXY1FMdw?oc=5) · citybiz.co

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57776 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/48.json (key "57776", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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