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Letter portraitLegal landscapeQuarterYTD

Harbor Bank of Maryland, The

Baltimore, MD · Cert 24015 · Harbor Bankshares Corp.

State charter, non-member · FDIC · 7 branches

Q2 2026

$383.2MAssets
$228.8MLoans
$323.8MDeposits
$46.8MEquity
Loan mix
90%RE $197.3M9%C&I $19.4M1%Consumer $1.3MQ2 2025Q2 2026
Deposit mix
63%Interest-bearing $202.4M37%Noninterest $121.4MQ2 2025Q2 2026

NIM

5.04%Q2 ’244.95%Q2 ’255.09%Q2 ’26-4%+7%

Non-interest income vs. expense

4.55%Q2 ’244.51%Q2 ’254.43%Q2 ’26+40%+6%

Market Position · Baltimore-Columbia-Towson, MD · 2026 SOD (annual) · 0.3% share · #24 of 40 inst. · $0.3B of $106.1B

0.6% Baltimore (City)
0.1% Montgomery
0.1% Baltimore

Executive Summary

  • Earnings: ROA of 0.37%, up 12 bps year over year; NIM at 4.34%.
  • Asset quality: problem loans at 1.89% of loans (-41 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 12.36%, up 33 bps from a year ago.
  • Funding: loans stand at 70.68% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

0.37%+12 bps YoY

Net Interest Margin (YTD, annualized)

4.34%+28 bps YoY

Efficiency Ratio (YTD, annualized)

90.04%-149 bps YoY

Tier 1 Leverage Ratio

12.36%+33 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.25%0.19%0.22%0.60%0.37%+12 bps
Return on Equity2.09%1.61%1.85%4.84%2.99%+90 bps
Net Interest Margin4.06%4.11%4.26%4.38%4.34%+28 bps
Efficiency Ratio91.52%91.60%91.91%83.71%90.04%-149 bps
Non-Interest Burden3.65%3.70%3.85%3.57%3.85%+21 bps
Growth
Asset Growth (YoY)8.87%11.14%-0.55%-1.02%-0.74%-962 bps
Loan Growth (YoY)-4.88%-7.38%-6.41%-5.04%1.78%+665 bps
Deposit Growth (YoY)10.92%12.14%-1.34%-1.88%-3.54%-1,447 bps
Asset Quality
Nonperforming Loans / Loans2.30%2.57%2.18%2.03%1.89%-41 bps
Net Charge-Offs / Loans0.48%0.64%0.49%-0.07%-0.01%-49 bps
Allowance / Loans1.24%1.22%1.20%1.22%1.15%-9 bps
Allowance Coverage of NPLs0.5x0.5x0.6x0.6x0.6x+0.1x
Capital
Tier 1 Leverage Ratio12.03%12.05%12.27%12.47%12.36%+33 bps
Total Risk-Based Capital12.03%12.05%12.27%12.47%12.36%+33 bps
Equity / Assets12.03%11.99%12.39%12.35%12.22%+19 bps
Liquidity & Funding
Loans / Deposits66.99%63.12%65.10%66.26%70.68%+369 bps
Liquid Assets / Assets7.20%11.95%6.82%7.70%5.30%-189 bps
CRE / Total Capitaln/a300%303%304%n/an/a