Bank Maryland Corp., a Towson-based bank-holding company, eked out a $8,806 profit, 0.44 of 1 cent per share, during the fourth quarter. However, it was an improvement over the 1989 fourth quarter when the company had a $1.4 million loss, or 74 cents a share.
For the year, the company had a loss of $11 million, or $5.40 a share, an eight-fold increase in red ink over 1989 when the company lost $1.3 billion, or 70 cents a share.
Bank Maryland is the parent company of Bank of Maryland, which has 13 branches in the state and had total assets of $218.7 million at the end of last year. The company has not had an annual profit since it was formed in January 1987.