Maryland Federal BancorpThis Hyattsville holding company...


October 04, 1990

Maryland Federal Bancorp

This Hyattsville holding company, the owner of Maryland Federal Savings and Loan Association, said yesterday that its earnings increased nearly 65 percent, to $910,000, or 30 cents a share, for the three months that ended Aug. 31. That compared with income of $552,000, or 18 cents a share, for the same period last year.

Maryland Federal credited a relatively stable demand for residential mortgage loans and a moderation in the cost of its funds for the strong growth. The company's net interest income after its $160,000 provision for possible loan losses increased 25 percent during the period.

The company also said that as of Aug. 31, its non-performing loans made up less than 0.01 percent of its total outstanding loans.

The per-share figures listed below were restated to reflect a 5 percent stock dividend issued to shareholders in April.

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