Howard Bancorp, Inc. (HBMD) Financial Statements (2024 and earlier)

Company Profile

Business Address 3301 BOSTON STREET
BALTIMORE, MD 21224
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2021
MRQ
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 74,619109,977100,97628,85638,72831,818
Cash and cash equivalents 74,619109,977100,97628,85638,72831,818
Total current assets: 74,619109,977100,97628,85638,72831,818
Noncurrent Assets
Operating lease, right-of-use asset 13,22914,092
Property, plant and equipment 41,14242,72445,13719,18920,08020,765
Intangible assets, net (including goodwill) 37,24474,41882,1792,3462,8513,506
Goodwill 31,44965,94970,697603603603
Intangible assets, net (excluding goodwill) 5,7958,46911,4821,7432,2482,903
Deferred income tax assets 31,25436,010
Total noncurrent assets: 122,869167,244127,31621,53522,93124,271
Other undisclosed assets 2,340,5032,097,3982,038,2221,099,559965,298890,670
TOTAL ASSETS: 2,537,9912,374,6192,266,5141,149,9501,026,957946,759
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 200,000236,127134,576130,385107,05669,121
Total current liabilities: 200,000236,127134,576130,385107,05669,121
Noncurrent Liabilities
Other undisclosed liabilities 2,043,3591,824,3441,837,255887,312834,111784,739
Total liabilities: 2,243,3592,060,4711,971,8311,017,697941,167853,860
Equity
Equity, attributable to parent 294,632314,148294,683132,25385,79092,899
Preferred stock      12,562
Common stock 187191190987070
Additional paid in capital 270,591276,156275,843110,38771,02170,587
Accumulated other comprehensive income (loss) 5,6872,643373(337)(150)(32)
Retained earnings 18,16735,15818,27722,10514,8499,712
Total equity: 294,632314,148294,683132,25385,79092,899
TOTAL LIABILITIES AND EQUITY: 2,537,9912,374,6192,266,5141,149,9501,026,957946,759

Income Statement (P&L) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 80,12792,44781,33742,61939,37240,824
Net investment income 79,09184,64976,09241,61038,05033,080
Financial services revenue1,0091,3227,744
Cost of revenue (9,845)(4,193)(6,091)(1,831)(2,037)(1,836)
Provision for loan, lease, and other losses (9,845)(4,193)(6,091)
Financial services costs(1,831)(2,037)(1,836)
Gross profit: 70,28288,25475,24640,78837,33538,988
Operating expenses (44,209)(12,907) (36,120)(29,259)(29,455)
Other operating income, net
(Noninterest Income, Other Operating Income)
 3,0234,1223,8701,011920804
Operating income: 29,09679,46979,1165,6798,99610,337
Nonoperating income 1,7671,8581,614760609400
Bank owned life insurance income 1,7671,8581,614760623408
Interest and debt expense (12,761)(22,124)(13,771)(5,167)(4,562)(3,072)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (31,448)(37,130)(71,684)9,0803,196(5,550)
Income (loss) from continuing operations before income taxes: (13,346)22,073(4,725)10,3528,2392,115
Income tax expense (benefit) (3,645)(5,192)897(3,152)(2,936)(973)
Income (loss) from continuing operations: (16,991)16,881(3,828)7,2005,3031,142
Income (loss) before gain (loss) on sale of properties:(16,991)16,881(3,828)7,2005,3031,142
Net income (loss) attributable to parent: (16,991)16,881(3,828)7,2005,3031,142
Preferred stock dividends and other adjustments     (166)(126)
Net income (loss) available to common stockholders, diluted: (16,991)16,881(3,828)7,2005,1371,016

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (16,991)16,881(3,828)7,2005,3031,142
Other comprehensive income (loss) 3,0442,270  (96) 
Other undisclosed comprehensive income   710   
Comprehensive income (loss), net of tax, attributable to parent: (13,947)19,151(3,118)7,2005,2071,142

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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