Harbor Bankshares Corporation
Harbor Bankshares Corporation provides various banking services in Maryland. The company offers personal checking, savings and investment, cards, individual retirement plans, certificate of deposits, mortgages, loans and lines of credit, online banking, bill pay, mobile banking, E-statement, telebanc, and interest rate services. It also provides business loans, remote deposit, positive pay, cash … Read more
Harbor Bankshares Corporation (HRBK) - Net Assets
Latest net assets as of September 2006: $17.85 Million USD
Based on the latest financial reports, Harbor Bankshares Corporation (HRBK) has net assets worth $17.85 Million USD as of September 2006.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($256.79 Million) and total liabilities ($238.94 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 | $17.85 Million |
| % of Total Assets | 6.95% |
| Annual Growth Rate | 10.43% |
| 5-Year Change | 957.66% |
| 10-Year Change | 517.35% |
| Growth Volatility | 396.87 |
Harbor Bankshares Corporation - Net Assets Trend (1995–2024)
This chart illustrates how Harbor Bankshares Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Harbor Bankshares Corporation (1995–2024)
The table below shows the annual net assets of Harbor Bankshares Corporation from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $100.26 Million | +2.20% |
| 2023-12-31 | $98.10 Million | +10.36% |
| 2022-12-31 | $88.89 Million | +431.06% |
| 2021-12-31 | $16.74 Million | +76.57% |
| 2020-12-31 | $9.48 Million | +16.88% |
| 2019-12-31 | $8.11 Million | -58.46% |
| 2007-12-31 | $19.53 Million | +6.42% |
| 2006-12-31 | $18.35 Million | +8.22% |
| 2005-12-31 | $16.95 Million | +4.40% |
| 2004-12-31 | $16.24 Million | +6.32% |
| 2003-12-31 | $15.27 Million | +7.95% |
| 2002-12-31 | $14.15 Million | -92.33% |
| 2001-12-31 | $184.59 Million | +1701.53% |
| 2000-12-31 | $10.25 Million | +37.28% |
| 1999-12-31 | $7.46 Million | -30.04% |
| 1998-12-31 | $10.67 Million | +3.56% |
| 1997-12-31 | $10.30 Million | +14.44% |
| 1996-12-31 | $9.00 Million | +59.54% |
| 1995-12-31 | $5.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Harbor Bankshares Corporation'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 87.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.25 Million | 5.24% |
| Common Stock | $12.36K | 0.01% |
| Other Comprehensive Income | $-851.87K | -0.85% |
| Other Components | $95.84 Million | 95.60% |
| Total Equity | $100.26 Million | 100.00% |
Harbor Bankshares Corporation Competitors by Market Cap
The table below lists competitors of Harbor Bankshares Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
US NeuroSurgical Holdings Inc
PINK:USNU
|
$11.51 Million |
|
Bioqual Inc
PINK:BIOQ
|
$11.52 Million |
|
Lucent, Inc.
OTCQB:LUCN
|
$11.52 Million |
|
FatPipe, Inc. Common Stock
NASDAQ:FATN
|
$11.52 Million |
|
HASS Corp
KQ:450330
|
$11.51 Million |
|
Aplisens SA
WAR:APN
|
$11.51 Million |
|
The Brand House Collective, Inc.
NASDAQ:TBHC
|
$11.51 Million |
|
Hydrogen Freehold & Leasehold Real Estate Investment Trust
BK:HYDROGEN
|
$11.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harbor Bankshares Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 98,097,222 to 100,256,693, a change of 2,159,471 (2.2%).
- Net income of 3,448,384 contributed positively to equity growth.
- Dividend payments of 2,037,392 reduced retained earnings.
- Share repurchases of 24,072 reduced equity.
- Other comprehensive income increased equity by 554,212.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.45 Million | +3.44% |
| Dividends Paid | $2.04 Million | -2.03% |
| Share Repurchases | $24.07K | -0.02% |
| Other Comprehensive Income | $554.21K | +0.55% |
| Other Changes | $218.34K | +0.22% |
| Total Change | $- | 2.20% |
Book Value vs Market Value Analysis
This analysis compares Harbor Bankshares Corporation'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: 0.22x
- 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 1.36x to 0.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | $12.87 | $17.50 | x |
| 1996-12-31 | $15.24 | $17.50 | x |
| 1997-12-31 | $14.56 | $17.50 | x |
| 1998-12-31 | $13.33 | $17.50 | x |
| 1999-12-31 | $10.82 | $17.50 | x |
| 2000-12-31 | $14.51 | $17.50 | x |
| 2001-12-31 | $16.60 | $17.50 | x |
| 2002-12-31 | $18.78 | $17.50 | x |
| 2003-12-31 | $20.19 | $17.50 | x |
| 2004-12-31 | $21.44 | $17.50 | x |
| 2005-12-31 | $22.96 | $17.50 | x |
| 2006-12-31 | $19.18 | $17.50 | x |
| 2007-12-31 | $16.29 | $17.50 | x |
| 2019-12-31 | $5.63 | $17.50 | x |
| 2020-12-31 | $6.58 | $17.50 | x |
| 2021-12-31 | $9.95 | $17.50 | x |
| 2022-12-31 | $72.79 | $17.50 | x |
| 2023-12-31 | $79.54 | $17.50 | x |
| 2024-12-31 | $79.84 | $17.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harbor Bankshares Corporation 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): 3.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.98%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 3.93x
- Recent ROE (3.44%) is below the historical average (6.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 12.04% | 15.27% | 0.04x | 20.09x | $115.25K |
| 1996 | 6.36% | 11.48% | 0.04x | 14.40x | $-327.34K |
| 1997 | 6.80% | 11.10% | 0.05x | 13.19x | $-329.77K |
| 1998 | 6.82% | 10.93% | 0.04x | 17.31x | $-338.79K |
| 1999 | 0.02% | 0.02% | 0.04x | 23.80x | $-744.92K |
| 2000 | 5.51% | 6.74% | 0.05x | 18.01x | $-459.76K |
| 2001 | 5.96% | 26.74% | 0.01x | 15.24x | $-494.26K |
| 2002 | 7.61% | 18.07% | 0.03x | 14.86x | $-337.64K |
| 2003 | 11.69% | 31.48% | 0.03x | 14.37x | $257.85K |
| 2004 | 9.00% | 35.17% | 0.02x | 14.50x | $-161.94K |
| 2005 | 11.11% | 31.56% | 0.02x | 15.14x | $187.78K |
| 2006 | 9.61% | 8.53% | 0.08x | 14.62x | $-71.93K |
| 2007 | 7.89% | 7.43% | 0.07x | 15.37x | $-412.72K |
| 2019 | -23.45% | -11.25% | 0.05x | 38.42x | $-2.71 Million |
| 2020 | 11.69% | 6.85% | 0.05x | 34.04x | $160.04K |
| 2021 | 15.74% | 14.99% | 0.05x | 19.78x | $961.11K |
| 2022 | 0.38% | 2.01% | 0.04x | 4.37x | $-8.55 Million |
| 2023 | 7.36% | 27.25% | 0.07x | 4.00x | $-2.59 Million |
| 2024 | 3.44% | 13.98% | 0.06x | 3.93x | $-6.58 Million |
Industry Comparison
This section compares Harbor Bankshares Corporation'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 |
|---|---|---|---|---|
| Harbor Bankshares Corporation (HRBK) | $17.85 Million | 12.04% | 13.39x | $11.51 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 |