Vitals
  • Total Assets
    306.0M 24.1 %
  • Total Deposits
    249.6M 26.9 %
  • Total Net Loans
    232.8M 36.3 %
  • Net Income
    1.2M -8.0 %
  • Book Value
    22.7M 5.3 %
  • Book Value x2
    45.5M 5.3 %
  • Book Value x3
    68.2M 5.3 %
ROAA

.457

ROAE

5.358

Efficiency Ratio

76.211

Net Interest Margin

3.849

Balance Sheet Highlights
Financial Highlights Harbor Bank All Insured Commercial Banks in Virginia
Balance Sheet $(000)
Total Assets 305,979 276,640
Total Net Loans 232,772 181,443
Total Deposits 249,628 231,957
Total Equity 22,745 24,918
Profitability
Net Income 1,201 6,971
Return on Average Assets .457 1.134
Return on Average Equity 5.358 12.42
Net Interest Margin 3.849 4.084
Efficiency Ratio 76.211 64.911
Noninterest Income/Revenue 10.753 17.191
Balance Sheet Ratios
Loan-to-Deposit 93.248 77.014
Securities/Assets .105 .685
Total Equity/Total Assets .074 .09
Tangible Equity/Tangible Assets .07 -.306
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 20,417 23,095
Tier 2 Capital 7,063 2,600
Total Capital 27,480 26,031
Total Risk Weighted Assets 272,196 196,714
Leverage Ratio 7.23 9.004
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 7.5 12.731
Total Capital Ratio 10.1 14.116

Timeline for Harbor Bank

Towne Bank

Harbor Bank was acquired by Towne Bank 20 years

View Profile Mar 20 2004

Harbor Bank

Harbor Bank was established 27 years ago and is currently headquartered in Newport News, VA.

Jul 08 1996
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Towne Bank Buyer 7,830,142 Acquisition Discontinued 3/20/2004
Relationships Role Relationship Start Relationship End
Similar Organizations
Organization City State Total Assets
First Citrus Bank
 		Tampa FL 305.8M
Municipal Trust And Savings Bank
 		Bourbonnais IL 305.2M
Grinnell State Bank
 		Grinnell IA 305.1M
Guardian Bank
 		Valdosta GA 304.7M
Premierbank
 		Fort Atkinson WI 303.4M
First Bank
 		Clewiston FL 309.5M
Mechanics & Farmers Bank
 		Durham NC 310.0M
Gateway Bank Of Florida
 		Daytona Beach FL 301.3M
Mariners Bank
 		Edgewater NJ 310.7M
Legence Bank
 		Eldorado IL 305.7M