Harford Bank
Harford Bank provides commercial and retail banking products and services for individuals, businesses, and governmental units. It offers various deposit services, including checking, savings, money market, and individual retirement accounts, as well as certificates of deposit. The company also offers various commercial loans, including secured and unsecured loans for working capital, business exp… Read more
Harford Bank (HFBK) - Net Assets
Latest net assets as of September 2025: $69.53 Million USD
Based on the latest financial reports, Harford Bank (HFBK) has net assets worth $69.53 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($735.38 Million) and total liabilities ($665.85 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $69.53 Million |
| % of Total Assets | 9.45% |
| Annual Growth Rate | 6.01% |
| 5-Year Change | 43.89% |
| 10-Year Change | 91.36% |
| Growth Volatility | 270.09 |
Harford Bank - Net Assets Trend (2003–2024)
This chart illustrates how Harford Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Harford Bank (2003–2024)
The table below shows the annual net assets of Harford Bank from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $65.03 Million | +10.29% |
| 2023-12-31 | $58.96 Million | +9.10% |
| 2022-12-31 | $54.05 Million | +9.08% |
| 2021-12-31 | $49.55 Million | +9.62% |
| 2020-12-31 | $45.20 Million | +6.27% |
| 2019-12-31 | $42.53 Million | +7.40% |
| 2018-12-31 | $39.60 Million | +7.34% |
| 2017-12-31 | $36.89 Million | +4.40% |
| 2016-12-31 | $35.34 Million | +3.98% |
| 2015-12-31 | $33.98 Million | +4.90% |
| 2014-12-31 | $32.40 Million | +7.04% |
| 2013-12-31 | $30.26 Million | -88.73% |
| 2012-12-31 | $268.45 Million | +1112.09% |
| 2006-12-31 | $22.15 Million | +3.53% |
| 2005-12-31 | $21.39 Million | +6.15% |
| 2004-12-31 | $20.15 Million | +5.60% |
| 2003-12-31 | $19.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Harford Bank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1220.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $31.92 Million | 49.08% |
| Common Stock | $14.93 Million | 22.96% |
| Other Components | $18.18 Million | 27.95% |
| Total Equity | $65.03 Million | 100.00% |
Harford Bank Competitors by Market Cap
The table below lists competitors of Harford Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GEAR4MUSIC (HLDGS) LS-10
F:G4A
|
$46.83 Million |
|
Barbeque Nation Hospitality Limited
NSE:BARBEQUE
|
$46.84 Million |
|
Better World Green Public Company Limited
BK:BWG
|
$46.84 Million |
|
STRANDLINE RESOURCES LTD
F:GQB
|
$46.85 Million |
|
UNITED FOODBRANDS LIMITED
NSE:UFBL
|
$46.80 Million |
|
Shanghai Huili Building Materials Co Ltd
SHG:900939
|
$46.77 Million |
|
Equatorial Pará Distribuidora de Energia S.A
SA:EQPA3
|
$46.76 Million |
|
Annovis Bio Inc
NYSE:ANVS
|
$46.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harford Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 58,962,668 to 65,031,876, a change of 6,069,208 (10.3%).
- Net income of 6,963,718 contributed positively to equity growth.
- Dividend payments of 1,367,304 reduced retained earnings.
- Share repurchases of 201,947 reduced equity.
- Other factors increased equity by 674,741.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.96 Million | +10.71% |
| Dividends Paid | $1.37 Million | -2.1% |
| Share Repurchases | $201.95K | -0.31% |
| Other Changes | $674.74K | +1.04% |
| Total Change | $- | 10.29% |
Book Value vs Market Value Analysis
This analysis compares Harford Bank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.77x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.18x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $15.40 | $33.65 | x |
| 2004-12-31 | $16.18 | $33.65 | x |
| 2005-12-31 | $17.03 | $33.65 | x |
| 2006-12-31 | $17.63 | $33.65 | x |
| 2012-12-31 | $12.43 | $33.65 | x |
| 2013-12-31 | $22.80 | $33.65 | x |
| 2014-12-31 | $24.08 | $33.65 | x |
| 2015-12-31 | $25.38 | $33.65 | x |
| 2016-12-31 | $25.46 | $33.65 | x |
| 2017-12-31 | $26.35 | $33.65 | x |
| 2018-12-31 | $27.81 | $33.65 | x |
| 2019-12-31 | $29.67 | $33.65 | x |
| 2020-12-31 | $31.48 | $33.65 | x |
| 2021-12-31 | $34.26 | $33.65 | x |
| 2022-12-31 | $36.76 | $33.65 | x |
| 2023-12-31 | $39.64 | $33.65 | x |
| 2024-12-31 | $43.55 | $33.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harford Bank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.71%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.22%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 10.97x
- Recent ROE (10.71%) is above the historical average (8.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 8.78% | 17.64% | 0.06x | 8.40x | $-232.40K |
| 2004 | 9.01% | 18.17% | 0.06x | 8.95x | $-200.20K |
| 2005 | 9.18% | 17.36% | 0.06x | 8.88x | $-175.20K |
| 2006 | 9.31% | 16.35% | 0.06x | 9.10x | $-152.80K |
| 2012 | 11.12% | 15.96% | 0.04x | 18.24x | $182.75K |
| 2013 | 6.08% | 16.04% | 0.04x | 10.29x | $-1.19 Million |
| 2014 | 8.69% | 21.20% | 0.04x | 9.37x | $-424.94K |
| 2015 | 5.93% | 14.97% | 0.04x | 9.29x | $-1.38 Million |
| 2016 | 5.24% | 12.91% | 0.04x | 9.49x | $-1.68 Million |
| 2017 | 5.25% | 12.74% | 0.04x | 9.55x | $-1.75 Million |
| 2018 | 8.06% | 19.60% | 0.04x | 9.21x | $-769.69K |
| 2019 | 7.74% | 19.01% | 0.05x | 8.87x | $-960.30K |
| 2020 | 7.07% | 16.37% | 0.04x | 10.75x | $-1.32 Million |
| 2021 | 10.78% | 25.51% | 0.04x | 11.61x | $386.34K |
| 2022 | 9.48% | 23.44% | 0.04x | 11.02x | $-278.99K |
| 2023 | 10.95% | 22.29% | 0.04x | 11.29x | $561.58K |
| 2024 | 10.71% | 19.22% | 0.05x | 10.97x | $460.53K |
Industry Comparison
This section compares Harford Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harford Bank (HFBK) | $69.53 Million | 8.78% | 9.58x | $46.82 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |