HarVest Bank of Maryland

Headquarters

15810 Gaither Dr, Suite 220
Gaithersburg, MD 20877
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

HarVest Bank of Maryland is an FDIC insured institution located in Gaithersburg, MD. It was founded in 2004 and has approximately $0.16 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57766
Date Established 2004
Assets $ 163.02 million
Loans $ 86.74 million
Deposits $ 145.53 million
Capital $ 1.23 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for HarVest Bank of Maryland

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to HarVest Bank of Maryland
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Branches

HarVest Bank of Maryland 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


HarVest Bank of Maryland Locations


Financial Details

HarVest Bank of Maryland Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of HarVest Bank of Maryland. 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
HarVest Bank of Maryland U.S. Bank Average
693.58% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, HarVest Bank of Maryland had $18,994,000 in non-current loans and $6,918,000 in owned real estate. To cover these potential losses it had $1,234,000 in equity and $2,502,000 in loans loss reserves. That gives it a Texas Ratio of 693.58%.

Return on Equity
HarVest Bank of Maryland U.S. Bank Average
-291.59% 7.80%

HarVest Bank of Maryland has a Return on Equity of -291.59% versus the BestCashCow average of 7.80%. 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
HarVest Bank of Maryland U.S. Bank Average
0.76% 12.68%

HarVest Bank of Maryland has a Capitalization of 0.76% versus the BestCashCow average of 12.68. 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.

HarVest Bank of Maryland Balance Sheet Analysis

As of March 31, 2012, HarVest Bank of Maryland had assets of $163,019,000, loans of $86,740,000, and deposits of $145,534,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 86.74 million
Loan loss allowance $ 2.50 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 6.92 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 145.53 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 163.02 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in HarVest Bank of Maryland’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, HarVest Bank of Maryland’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Harvest Bank Of Maryland

Branches and Savings

Is Harvest Bank Of Maryland FDIC insured?

Yes. It is covered under FDIC Certificate #57766.

Why does Harvest Bank Of Maryland pay such low interest on savings accounts?

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

Why are Harvest Bank Of Maryland CD rates not competitive?

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

Is Harvest Bank Of Maryland a commercial bank?

Yes

Where are Harvest Bank Of Maryland locations?

See branch locations nearby.

Is Harvest Bank Of Maryland open on Saturdays?

Is Harvest Bank Of Maryland open on Sundays?

What time does Harvest Bank Of Maryland open?

What time does Harvest Bank Of Maryland close?

Are Harvest Bank Of Maryland ATMs Open 24/7?

Do Harvest Bank Of Maryland ATMs accept cash deposits?

Can Harvest Bank Of Maryland customers use other ATMs?

Do Harvest Bank Of Maryland branches have notaries?

Will Harvest Bank Of Maryland notarize my document?

What address for Harvest Bank Of Maryland should I put for incoming ACH transfers?

Will the Harvest Bank Of Maryland branch print checks?

Do Harvest Bank Of Maryland checks expire?

Does Harvest Bank Of Maryland require US citizenship to open account?

Can Harvest Bank Of Maryland close my account?

Does Harvest Bank Of Maryland Report to credit bureaus?

Does Harvest Bank Of Maryland Use Equifax?

What is Harvest Bank Of Maryland's ACH Routing Number?

What is Harvest Bank Of Maryland's SWIFT code?

Products

Does Harvest Bank Of Maryland offer mortgages?

Compare mortgage rates here.

Does Harvest Bank Of Maryland offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Harvest Bank Of Maryland offer personal loans?

Compare personal loan rates here.

Does Harvest Bank Of Maryland offer student loans?

Will Harvest Bank Of Maryland cash a check?

Will Harvest Bank Of Maryland redeem a savings bond?

Does Harvest Bank Of Maryland cash savings bonds?

Will Harvest Bank Of Maryland cash money orders?

Can Harvest Bank Of Maryland issue a money order?

Does Harvest Bank Of Maryland do currency exchange?

Background on The Bank

Who owns Harvest Bank Of Maryland?

How long has Harvest Bank Of Maryland been around?

Can Harvest Bank Of Maryland transfer to other banks?

Does Harvest Bank Of Maryland have quick pay?

Does Harvest Bank Of Maryland accept rolled coins?

Will Harvest Bank Of Maryland accept loose change?

Where is Harvest Bank Of Maryland headquarters?

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