Howard Bank
Howard Bank reported total assets of $2.5 bn at Q4 2021, its last Call Report before it merged into First National Bank of Pennsylvania. Its common equity tier 1 ratio was 15.19%, and an estimated 39.83% of domestic deposits were uninsured. Source: FDIC Call Report data, cross-checked against FFIEC filings.
- Uninsured share of domestic deposits: up 2.52 pp on Q3 2021, to 39.83%
- Common equity tier 1 (CET1) ratio: up 1.17 pp on Q3 2021, to 15.19%
- Net loans and leases: down 4.6% on Q3 2021, to $1.8 bn
Ranks compare banks in our US coverage that report each metric. Sparklines: the last ten years. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Overview
What stands out about Howard Bank?
Its largest one-quarter change in total assets since Q1 2016 was +84.7% between Q4 2017 and Q1 2018, when it absorbed First Mariner Bank. Against its six size peers, its return on equity (ROE) stands out most: 8.88% at Q4 2021, below the peer median of 16.12%.
How large is Howard Bank?
At Q4 2021 the bank held $2.5 bn of assets. Deposits were $1.9 bn and net loans and leases $1.8 bn, a loan-to-deposit ratio of 94.65%. Securities of $330.3 mn made up 13.3% of assets.
Total assets rose 150.0% between Q1 2016 and Q4 2021, from $990.3 mn.
How much of its funding is uninsured?
An estimated 39.83% of domestic deposits were above the FDIC insurance limit at Q4 2021, +2.52 pp from the previous quarter and +7.36 pp from a year earlier.
Key facts, Q4 2021
| Metric | Value | Change from a year earlier | US rank |
|---|---|---|---|
| Total assets | $2.5 bn | -2.4% | |
| Total deposits | $1.9 bn | -3.9% | |
| Net loans and leases | $1.8 bn | -2.6% | |
| Bank equity capital | $343.2 mn | +6.8% | |
| Common equity tier 1 (CET1) ratio | 15.19% | +1.95 pp | |
| Tier 1 leverage ratio | 11.81% | +1.44 pp | |
| Return on equity (ROE) | 8.88% | +13.60 pp | |
| Net interest margin | 3.50% | +0.10 pp | |
| Uninsured share of domestic deposits | 39.83% | +7.36 pp | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $14,000 | Turned from a loss into a gain | |
| Noncurrent loans to total loans | 0.79% | -0.19 pp | |
| Net charge-offs to average loans | 0.09% | +0.05 pp |
US rank: rank among the banks in our coverage reporting each metric, 1 = highest unless marked 1 = lowest.
Balance sheet
Total assets, deposits and net loans, quarterly, Q1 2016 to Q4 2021. Dashed amber lines mark the merger or acquisition listed under Mergers and acquisitions.
- Total assets $2.5bn
- Deposits $1.9bn
- Net loans $1.8bn
Capital and securities
The common equity tier 1 (CET1) ratio was 15.19% at Q4 2021, +1.95 pp from a year earlier. Since Q1 2016 it has ranged from 10.21% (Q2 2016) to 15.19% (Q4 2021). At Q4 2021 the tier 1 leverage ratio was 11.81% and the total risk-based capital ratio 16.17%. The median CET1 ratio of the size peers listed below was 12.92% at Q4 2021.
Held-to-maturity securities had an unrealized gain of $14,000 at Q4 2021, measured as fair value minus amortized cost, equal to 0.0% of bank equity capital. The gain turned from a loss into a gain from a year earlier. The largest unrealized loss on these securities was $15,000 at Q4 2020. Available-for-sale securities showed an unrealized loss of $3.5 mn at Q4 2021; the loss turned from a gain into a loss from a year earlier.
Capital ratios
- Total capital 16%
- CET1 15%
- Tier 1 leverage 12%
Unrealized gains and losses on securities
- Available for sale -$3mn
- Held to maturity $14,000
Profitability and loan quality
Return on equity was 8.88% for the year to Q4 2021, annualized, with a return on assets of 1.15% and a net interest margin of 3.50%. The margin was +0.10 pp from a year earlier. The efficiency ratio, noninterest expense as a share of revenue as the FDIC defines it, was 51.85%. Net income for the year to Q4 2021 was $29.3 mn, down 292.1% on the same period a year earlier. The median return on equity of its size peers was 16.12% for the same period.
Noncurrent loans, those 90 days or more past due or no longer accruing interest, were 0.79% of total loans at Q4 2021. Net charge-offs for the year to date were 0.09% of average loans, annualized.
Profitability
- Return on equity 8.9%
- Net interest margin 3.5%
- Return on assets 1.1%
Compared with banks of similar size
The six banks ranked closest to Howard Bank by total assets at Q4 2021, three above and three below where possible.
Among the seven banks in the table at Q4 2021, Howard Bank is 4th by total assets. Its CET1 ratio of 15.19% compares with a peer median of 12.92%, its tier 1 leverage ratio of 11.81% compares with a peer median of 8.61%, and its return on equity of 8.88% compares with a peer median of 16.12%.
| Bank | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|
| Third Coast Bank | $2.5 bn | 12.63% | 6.80% | 0.00% | |
| First National Bank | $2.5 bn | 13.21% | 18.13% | 10.75% | |
| Armstrong Bank | $2.5 bn | 14.99% | 13.56% | 0.00% | |
| Howard Bank | $2.5 bn | 15.19% | 8.88% | 39.83% | |
| Country Club Bank | $2.5 bn | 12.27% | 16.79% | 40.75% | |
| Tompkins Bank & Trust | $2.5 bn | 13.92% | 23.22% | 51.49% | |
| Bankwell Bank | $2.5 bn | 11.18% | 15.46% | 37.33% | |
Q4 2021. Peer median (the six banks, excluding this one): CET1 12.92%, return on equity 16.12%. Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Last eight quarters
Howard Bank, as reported in its Call Reports.
From Q1 2020 to Q4 2021, total assets fell 1.3% to $2.5 bn, deposits rose 6.0% to $1.9 bn and bank equity capital rose 0.8% to $343.2 mn. Over the same period its full-time equivalent staff went from 233 to 196 and its offices went from 16 to 14.
| Metric | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $2.5 bn | $2.5 bn | $2.6 bn | $2.5 bn | $2.6 bn | $2.6 bn | $2.5 bn | $2.5 bn |
| Total deposits | $1.8 bn | $1.8 bn | $2.0 bn | $2.0 bn | $2.0 bn | $2.0 bn | $1.9 bn | $1.9 bn |
| Bank equity capital | $340.6 mn | $308.9 mn | $315.2 mn | $321.4 mn | $319.8 mn | $330.9 mn | $336.2 mn | $343.2 mn |
| Common equity tier 1 (CET1) ratio | 12.35% | 13.11% | 13.14% | 13.24% | 13.46% | 13.65% | 14.02% | 15.19% |
| Return on equity (ROE) | 4.43% | -15.40% | -8.29% | -4.72% | 8.41% | 9.05% | 8.76% | 8.88% |
| Uninsured share of domestic deposits | 26.43% | 34.28% | 30.78% | 32.46% | 33.20% | 35.32% | 37.30% | 39.83% |
| Full-time equivalent employees | 233 | 232 | 231 | 235 | 235 | 229 | 215 | 196 |
| Number of offices | 16 | 16 | 16 | 16 | 14 | 14 | 14 | 14 |
Source: FDIC BankFind Suite (Call Report data), cross-checked against FFIEC Call Report filings. Calculations: EconoMonitor.
Mergers and acquisitions
Figures before and after each event are not like for like.
- . Absorbed First Mariner Bank (FDIC certificate 31286).
- . Merged into First National Bank of Pennsylvania (FDIC certificate 7888).
Large one-quarter moves
- Total assets changed by +84.7% in the quarter to 2018-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from First Mariner Bank.
Source: FDIC BankFind API, institution history. Moves of more than 25% in one quarter are checked against that history in our review.
Identifiers and sources
- FDIC certificate
- 57776
- Federal Reserve RSSD ID
- 3282852
- Head office
- Baltimore, Maryland
- Holding company
- HOWARD BCORP INC (as reported to the FDIC)
- Holding company RSSD ID
- 3386910
- EconoMonitor ID
- EMB-US-000557
Frequently asked questions
What were Howard Bank's total assets?
$2.5 bn at Q4 2021, according to its Call Report as published by the FDIC.
Is Howard Bank the same as its holding company?
No. This page covers the FDIC-insured bank (certificate 57776). Its holding company, HOWARD BCORP INC (as reported to the FDIC), reports separately to the Federal Reserve and, if its shares are listed, to the SEC.
How often is this page updated?
Every quarter, after Howard Bank files its Call Report and the FDIC publishes it. This page shows Q4 2021, loaded on 19 October 2026; any sentence that uses an earlier quarter names it.
Where can I check these numbers?
In the FDIC BankFind Suite record for certificate 57776, and in the Call Reports filed under RSSD ID 3282852 at the FFIEC Central Data Repository.
Sources and definitions
Definitions, Call Report fields and formulas for each metric: Bank equity capital, Uses community bank leverage ratio framework, Common equity tier 1 (CET1) ratio, Deposits in domestic offices, Efficiency ratio, Full-time equivalent employees, Loan-to-deposit ratio, Total loans and leases (gross), Net loans and leases, Net charge-offs to average loans, Net income (year to date), Net interest margin, Noncurrent loans to total loans, Number of offices, Return on assets (ROA), Return on equity (ROE), Available-for-sale securities (amortized cost), Available-for-sale securities (fair value), Held-to-maturity securities (amortized cost), Held-to-maturity securities (fair value), Total securities, Tier 1 leverage ratio, Total assets, Total deposits, Total equity capital, Total risk-based capital ratio, Uninsured share of domestic deposits, Estimated uninsured deposits, Unrealized gain/loss on available-for-sale securities, Unrealized gain/loss on held-to-maturity securities.
Checks for this release: Check A (database against the FDIC download) passed, Check B (FDIC against FFIEC Call Report filings) passed.
Source: FDIC BankFind Suite (Call Report data). EconoMonitor is not affiliated with or endorsed by the FDIC. FDIC BankFind Suite API.
Source: FFIEC Central Data Repository (Call Reports). EconoMonitor is not affiliated with or endorsed by the FFIEC. FFIEC Central Data Repository, Public Data Distribution.
Data and analysis only, not financial advice. The FDIC and the FFIEC do not endorse EconoMonitor. See the disclaimer and methodology.