Hamilton Bancorp, Inc. focuses on operating as the holding company for Hamilton Bank, which provides various financial services to consumers and small businesses. The bank conducts its operations from its five full-service banking offices in Maryland. Its primary deposit market includes the areas surrounding its banking offices in Cockeysville, Pasadena, Towson, and the Overlea and Hamilton areas of Baltimore City. Its primary lending market includes Baltimore City and the Maryland counties of Anne Arundel and Baltimore. The bank’s business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations, in one- to four-family residential mortgage loans (including owner-occupied and investor loans), commercial real estate loans, commercial business loans, home equity loans and lines of credit, construction loans, and consumer loans (consisting primarily of loans secured by deposits and automobile loans). The bank is dedicated to offering alternative banking delivery systems, including ATMs, online banking, and remote deposit capture. Lending Activities Residential Mortgage Loans: The bank originates mortgage loans secured by owner occupied one-to four-family residential properties. It has also made loans to investors for the purchase of one- to four-family residential properties that are not owner-occupied. Its residential mortgage loans are secured by properties in the Greater Baltimore area. Commercial Real Estate Loans: The bank originates commercial real estate loans in the Greater Baltimore area that are secured by properties used for business purposes, such as small office buildings or retail facilities. Commercial Business Loans: The bank originates commercial business loans and lines of credit secured by non-real estate business assets. These loans are generally originated to small businesses in its primary market area. The bank’s commercial business loans are generally used for working capital purposes or for acquiring equipment, inventory, or furniture, and are primarily secured by business assets other than real estate, such as business equipment, inventory, and accounts receivable. The bank is also qualified to make Small Business Administration (SBA) loans. The SBA program is an economic development program which finances the expansion of small businesses. Under the SBA program, the bank originates and funds SBA 7(a) loans which qualify for guarantees of approximately 90% of principal and accrued interest. The bank also originates 504 chapter loans in which it provides 50% of the financing, taking a first lien on the real property as collateral. Home Equity Loans and Lines of Credit: In addition to traditional one- to four-family residential mortgage loans, the bank offers home equity loans and lines of credit that are secured by the borrower’s primary or secondary residence. Construction Loans: The bank originates construction loans for both commercial and residential real estate. Construction loans the bank originates generally provide for the payment of interest only during the construction phase. At the end of the construction phase, the loan converts to a permanent mortgage loan at the same rate of interest. Other Consumer Loans: The bank makes loans secured by deposit accounts up to 90% of the amount of the depositor’s deposit account balance. It also originates automobile loans to its customers. Investment Portfolio As of March 31, 2012, the bank’s investment portfolio consisted entirely of securities and mortgage-backed securities issued by U.S. government agencies or U.S. government-sponsored enterprises, including stock in the Federal Home Loan Mortgage Corporation. Deposits The bank offers various deposit accounts, including certificate of deposit accounts, non-interest-bearing demand accounts, money market accounts, savings accounts, NOW accounts, and individual retirement accounts. Regulation As a federal savings association, the bank is subject to examination and regulation by the Office of the Comptroller of the Currency, and is also subject to examination by the Federal Deposit Insurance Corporation. The bank also is regulated by the Board of Governors of the Federal Reserve System, which governs the reserves to be maintained against deposits and other matters. The bank’s operations are also subject to federal laws applicable to credit transactions, such as Truth-In-Lending Act; Home Mortgage Disclosure Act; Equal Credit Opportunity Act; Fair Credit Reporting Act; Fair Debt Collection Act; and Truth in Savings Act. The operations of the bank also are subject to the Right to Financial Privacy Act; Electronic Funds Transfer Act and Regulation E promulgated thereunder; Check Clearing for the 21st Century Act; The USA PATRIOT Act; and The Gramm-Leach-Bliley Act. History Hamilton Bancorp, Inc., a Maryland corporation, was founded in 2012. The bank is a Federal mutual savings bank that has served the banking needs of its customers since 1915.
hamilton bancorp inc (HABK:OTC US)
3750 NW 87th Avenue
Miami, FL 33178
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