Harford Bank

8 West Bel Air Avenue
Aberdeen, MD 21001

Notable Rates APY Vs.Others
Savings 0.15% 2.60% →
1-Year CD 1.10% 2.25% →
2-Year CD 1.50% 2.50% →
5-Year CD 2.25% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Harford Bank is an FDIC insured institution located in Aberdeen, MD. It was founded in 1964 and has approximately $0.37 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 19101
Date Established 1964
Assets $0.37 billion
Loans $0.28 billion
Deposits $0.30 billion
Capital $0.04 billion
 

For a more detailed analysis of Harford Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 19, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $2,500 $19,999 Learn MoreShow Less
Money Market
0.30% $20,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.25% $1,000 - Learn MoreShow Less
6 Mo CD
0.55% $1,000 - Learn MoreShow Less
0.55% $1,000 $9,999,999 Learn MoreShow Less
1.10% $1,000 $9,999,999 Learn MoreShow Less
12 Mo CD
1.10% $1,000 - Learn MoreShow Less
Special: 13 Mo CD
1.65% $1,000 - Learn MoreShow Less
1.25% $1,000 $9,999,999 Learn MoreShow Less
18 Mo CD
1.25% $1,000 - Learn MoreShow Less
1.50% $1,000 $9,999,999 Learn MoreShow Less
24 Mo CD
1.50% $1,000 - Learn MoreShow Less
1.55% $1,000 $9,999,999 Learn MoreShow Less
30 Mo CD
1.55% $1,000 - Learn MoreShow Less
1.60% $1,000 $9,999,999 Learn MoreShow Less
36 Mo CD
1.60% $1,000 - Learn MoreShow Less
Special: 42 Mo CD
2.00% $1,000 - Learn MoreShow Less
1.75% $1,000 $9,999,999 Learn MoreShow Less
48 Mo CD
1.75% $1,000 - Learn MoreShow Less
2.25% $1,000 $9,999,999 Learn MoreShow Less
60 Mo CD
2.25% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.15% $250 - Learn MoreShow Less
Special: 13 Mo FIRA
1.65% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.08% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $1 - Learn MoreShow Less

Loan Rates - November 19, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Harford Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.530% 3.500% 0.38 $938 $1,123 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
More Info

Note to Harford Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Harford Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Harford Bank Locations


Financial Details

Harford Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Harford Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Harford Bank U.S. Bank Average
12.44% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2019, Harford Bank had $5,521,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $41,263,000 in equity and $3,107,000 in loans loss reserves. That gives it a Texas Ratio of 12.44%.

Return on Equity
Harford Bank U.S. Bank Average
8.35% 9.50%

Harford Bank has a Return on Equity of 8.35% versus the BestCashCow average of 9.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Harford Bank U.S. Bank Average
11.22% 12.76%

Harford Bank has a Capitalization of 11.22% versus the BestCashCow average of 12.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Harford Bank Balance Sheet Analysis

As of June 30, 2019, Harford Bank had assets of $367,926,000, loans of $278,681,000, and deposits of $301,601,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.03 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.28 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.33 billion
LIABILITIES
Total deposits $0.30 billion
      Interest-bearing deposits $0.22 billion
      Deposits held in domestic offices $0.30 billion
      % insured (estimated) 78.53%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.33 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in Harford Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Maryland, Harford Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 27.15
Multifamily
Mortgages
1.08
Credit Card Loans 0.00
Consumer Auto Loans 0.88
Small Business Loans 23.75
Construction and Development Loans 3.18
Commercial Real Estate 58.57
Commercial and Industrial Loans 5.39
Farm Loans 0.12

Frequently Asked Questions About Harford Bank

Branches and Savings

Is Harford Bank FDIC insured?

Yes. It is covered under FDIC Certificate #19101.

Why does Harford Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Harford Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Harford Bank a commercial bank?

Yes

Where are Harford Bank locations?

See branch locations nearby.

Is Harford Bank open on Saturdays?

Is Harford Bank open on Sundays?

What time does Harford Bank open?

What time does Harford Bank close?

Are Harford Bank ATMs Open 24/7?

Do Harford Bank ATMs accept cash deposits?

Can Harford Bank customers use other ATMs?

Do Harford Bank branches have notaries?

Will Harford Bank notarize my document?

What address for Harford Bank should I put for incoming ACH transfers?

Will the Harford Bank branch print checks?

Do Harford Bank checks expire?

Does Harford Bank require US citizenship to open account?

Can Harford Bank close my account?

Does Harford Bank Report to credit bureaus?

Does Harford Bank Use Equifax?

What is Harford Bank's ACH Routing Number?

What is Harford Bank's SWIFT code?

Products

Does Harford Bank offer mortgages?

Compare mortgage rates here.

Does Harford Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Harford Bank offer personal loans?

Compare personal loan rates here.

Does Harford Bank offer student loans?

Will Harford Bank cash a check?

Will Harford Bank redeem a savings bond?

Does Harford Bank cash savings bonds?

Will Harford Bank cash money orders?

Can Harford Bank issue a money order?

Does Harford Bank do currency exchange?

Background on The Bank

Who owns Harford Bank?

How long has Harford Bank been around?

Can Harford Bank transfer to other banks?

Does Harford Bank have quick pay?

Does Harford Bank accept rolled coins?

Will Harford Bank accept loose change?

Where is Harford Bank headquarters?

Customer Reviews for Harford Bank

There are currently no comments for Harford Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →