The company has not filed an annual or quarterly report since its Q3 FY2021 10-Q, filed Nov 9, 2021. Its latest SEC filing is a 15-12B from Feb 3, 2022.
10-Q for Q3 FY2021, filed Nov 9, 2021
The sections below describe the company as of the FY2020 annual report.
Makes commercial, real estate and consumer loans, takes deposits, and provides banking services to small and medium-sized businesses, their owners and individuals.
10-K for FY2020, filed Mar 16, 2021Howard Bank is headquartered in Baltimore City, Maryland. We consider our primary market area to be the Greater Baltimore metropolitan…View ↗
Our primary focus is making loans to and gathering deposits from small and medium-sized businesses and their owners, professionals and…View ↗
We offer various types of secured and unsecured consumer loans, including marine loans originated through brokers. Consumer loans may…View ↗
The bank collects card-processing, ATM, merchant and other service fees when services are delivered, usually with payment immediately or the following month; safe-deposit rentals are charged annually. Deposit-account fees are billed over the service period or per transaction, with payment immediately or the following month.
10-K for FY2020, filed Mar 16, 2021
10-K for FY2020, filed Mar 16, 2021
FY2020 revenue by product or service ↗$76.1M
10-K for FY2020, filed Mar 16, 2021
$76.1M ↗| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Service charges on deposit accounts
Mix
10-K for FY2020, filed Mar 16, 2021 |
52%
FY2017: 26%
|
Service charges on deposit accounts, FY2020
$1.1M Sources
|
Mix |
|
Fees and other service charges
|
114%
FY2017: 103%
|
Fees and other service charges, FY2020
$2.4M Sources
|
Customers interact directly with relationship managers and local decision makers, and can use branch, mobile, online and ATM banking channels.
10-K for FY2020, filed Mar 16, 2021We believe that “Our Mission to Build our Legacy by Helping Others to Build Theirs” approach to delivering services to small and…View ↗
Twelve of the Bank’s fifteen branches remain accessible to customers – nine through drive thru capabilities and all twelve through…View ↗
Our headquarters are located in Baltimore City, Maryland. We consider our primary market area to be the Greater Baltimore Metropolitan Area…View ↗
Not on paper. It lost $17M in FY2020, but brought in more cash than it spent: $59.5M of free cash flow.
8-K, filed Jan 24, 2022
On January 22, 2022, Howard Bancorp, Inc., a Maryland corporation (“Howard”), completed its previously announced merger (the “Merger”) with…View ↗
Grew. Revenue grew 62% in 4 years, from $46.9M in FY2016 to $76.1M in FY2020, about 13% a year.
Mortgage banking exit
The earlier report said it had broadened mortgage and deposit offerings to serve consumers generally; the latest report says it exited mortgage banking and stopped originating first-lien home loans, instead buying them from third-party originators.
10-K for FY2017, filed Mar 15, 2018 10-K for FY2020, filed Mar 16, 2021Howard Bank is headquartered in Ellicott City, which is located in Howard County, Maryland. The Bank has branches in Howard County as well…View ↗
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