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Howard Bank

Ellicott City, MD · Cert 57776

FDIC · 14 branches

Q4 2021

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q4 2021, the quarter ended December 31, 2021, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Howard Bank

Ellicott City, MD · Cert 57776

FDIC · 14 branches

Q4 2021

$2.5BAssets
$1.8BLoans
$1.9BDeposits
$343.2MEquity
Loan mix
66%RE $899.7M28%C&I $379.8M6%Consumer $88.7MQ4 2020Q4 2021
Deposit mix
58%Interest-bearing $1.1B42%Noninterest $0.8BQ4 2020Q4 2021

NIM

4.00%Q4 ’193.43%Q4 ’203.36%Q4 ’21-6%+7%

Non-interest income vs. expense

2.75%Q4 ’193.53%Q4 ’201.95%Q4 ’21+69%-50%

Market Position · Baltimore-Columbia-Towson, MD · 2021 SOD (annual) · 1.8% share · #7 of 44 inst. · $1.9B of $104.1B

7.7% Howard
2.2% Baltimore
0.8% Baltimore (City)
0.8% Anne Arundel

Executive Summary

  • Earnings: ROA of 1.15%, up 176 bps year over year; NIM at 3.29%.
  • Asset quality: problem loans at 0.79% of loans (-19 bps YoY), with net charge-offs at 0.09%.
  • Capital: tier 1 leverage ratio of 11.81%, up 144 bps from a year ago.
  • Funding: loans stand at 95.62% of deposits as of Q4 2021.

Financial Results

Return on Assets (YTD, annualized)

1.15%+176 bps YoY

Net Interest Margin (YTD, annualized)

3.29%+22 bps YoY

Efficiency Ratio (YTD, annualized)

51.85%-952 bps YoY

Tier 1 Leverage Ratio

11.81%+144 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2020Q1 2021Q2 2021Q3 2021Q4 2021YoY ΔTrend
Earnings
Return on Assets-0.61%1.04%1.13%1.11%1.15%+176 bps
Return on Equity-4.72%8.41%9.05%8.76%8.88%+1,360 bps
Net Interest Margin3.07%3.25%3.21%3.21%3.29%+22 bps
Efficiency Ratio61.36%51.67%51.08%52.61%51.85%-952 bps
Non-Interest Burden3.17%1.59%1.53%1.59%1.59%-159 bps
Growth
Asset Growth (YoY)6.87%4.67%5.50%-1.25%-2.43%-930 bps
Loan Growth (YoY)5.05%10.32%2.31%1.00%-2.62%-767 bps
Deposit Growth (YoY)14.67%14.16%10.51%-1.71%-3.88%-1,854 bps
Asset Quality
Nonperforming Loans / Loans0.98%0.75%1.06%0.77%0.79%-19 bps
Net Charge-Offs / Loans0.04%0.37%0.19%0.13%0.09%+5 bps
Allowance / Loans1.03%0.94%0.94%0.96%1.02%-1 bps
Allowance Coverage of NPLs1.0x1.3x0.9x1.2x1.3x+0.2x
Capital
Tier 1 Leverage Ratio10.36%10.62%10.83%11.14%11.81%+144 bps
Total Risk-Based Capital14.26%14.41%14.57%14.95%16.17%+191 bps
Equity / Assets12.66%12.18%12.73%13.31%13.86%+120 bps
Liquidity & Funding
Loans / Deposits94.39%95.17%95.88%98.00%95.62%+124 bps
Liquid Assets / Assets2.52%2.73%2.46%2.03%4.81%+229 bps
CRE / Total Capitaln/an/an/an/an/an/an/a