Baltimore BancorpThis Baltimore-based banking company...

BY THE NUMBERS

April 18, 1991

Baltimore Bancorp

This Baltimore-based banking company, parent of the Bank of Baltimore, reported virtually flat earnings for the first quarter, apparently avoiding much of the slump that has befallen many other local banks during the year's first three months.

The banking company, with $3.3 billion in assets, said that higher revenues from its fee-based services and other investment-related income was offset by higher operating expenses stemming from increased deposit insurance premiums, advertising costs and expenses related to an expanded credit card portfolio.

"We are pleased to report these earnings during a difficult period of economic weakness," Harry L. Robinson, chairman and chief executive, said in a statement. "We also note that the level of our problem assets, which was increasing through 1990, appears to have leveled off since year-end."

Three months ended 3/31/91

?3 ..... ..... .....Income..... ..... ..... Share

'91..... ..... .....5,079,000. ..... ..... 0.40

'90..... ..... .....5,116,000. ..... ..... 0.40

% change ..... ..... ....- 0.7. ..... ..... . 0.0

D6

..... ..... .....Assets.... ...... .....Deposits

'91..... ..... .....3,307,596,000... .....2,923,696,000

'90..... ..... .....3,461,466,000... .....2,709,899,000

% change ..... ..... ..... ...-4.4... ..... ..... .. +7.9

!

Loan portfolio

Three months ended 3/31/91

NB ..... ..... .....Loans outstanding..... ..... Net charge-offs

'91..... ..... .....2,238,296,000..... .. ..... 3,311,000

'90..... ..... .....2,267,829,000..... .. ..... 1,158,000

% change ..... ..... ..... ...-1.3..... .. ..... ....+185.9

..... ..... .....Addition to allowance..... .. Allowance

OC ..... ..... ..... for loan losses..... .... .. for loan losses

'91..... ..... ..... 2,050,000 ..... ... .... .. 34,241,000

'90..... ..... ..... 1,535,000 ..... ... .... .. 17,200,000

% change ..... ..... .... +33.6 ..... ... .... .. ..... +99.1

The Cosmetic Center Inc.

This Savage-based discount cosmetic chain reported strong sales and earnings growth in its second quarter, which ended March 29. Earnings for the quarter jumped nearly 26 percent, compared with the same period a year ago.

The Cosmetic Center is a specialty retailer of cosmetics, fragrances and beauty aids and operates 34 stores, four in the Baltimore area.

Three months ended 3/29/91

VJ ..... ..... ..... Revenue..... ..... ..... Net..... ..... ..... Share '91..... ..... ..... 18,194,000. ..... ..... 181,000 ..... ..... 0.06

'90..... ..... ..... 15,431,000. ..... ..... 144,000 ..... ..... 0.05

% change ..... ..... ......+17.9. ..... ..... .. +25.7 ..... ..... +20.0

Six months ended 3/29/91

VJ ..... ..... ..... Revenue..... ..... ..... Net..... ..... ..... Share '91..... ..... ..... 45,994,000. ..... ..... 1,183,000.... ..... 0.38

'90..... ..... ..... 40,205,000. ..... ..... 1,025,000.... ..... 0.33

% change ..... ..... ..... +14.4. ..... ..... .... +15.4.... ..... +15.2

Loyola Capital Corp.

This Baltimore-based parent of Loyola Federal Savings and Loan Association reported that falling interest rates helped keep earnings at a relatively stable level during the first quarter.

Loyola, which has more than $2 billion in assets, said its net interest income -- the difference between the amount paid for deposits and the amount earned on loans -- increased 23 percent during the first three months of this year, compared with the year-ago quarter.

Lower interest rates paid on deposits was credited for the bulk of the increase.

Three months ended 3/31/91

?3 ..... ..... .....Income..... ..... ..... Share

'91..... ..... .....2,284,000. ..... ..... 0.50

'90..... ..... .....2,296,000. ..... ..... 0.47

% change ..... ..... ..... 0.5. ..... ..... .+6.4

D6

..... ..... .....Assets..... ..... ..... Deposits

'91..... ..... .....2,079,692,000... ..... 1,566,336,000

'90..... ..... .....$2,080,183,000... ..... 1,565,800,000

% change ..... ..... ..... ... 0.0... ..... ..... .... 0.0

!

Loan portfolio

Three months ended 3/31/91

ZN ..... ..... ..... .....Loans outstanding..... ..... ..... Net charge-offs

'91..... ..... ..... .....1,742,469,000..... .. ..... ..... 1,712,000

..... ..... .....1,759,545,000..... .. ..... ..... 1,321,000

change ..... ..... ..... ..... ...-1.0..... .. ..... ..... .... +29.6

..... ..... .....Addition to allowance..... ..... ..... Allowance

..... ..... .....for loan losses..... ..... ..... ..... for loan losses

'91..... ..... .....2,539,000 ..... ... ..... ..... ..... 14,824,000

'90..... ..... .....1,824,000 ..... ... ..... ..... ..... 8,283,000

% change ..... ..... ....+39.2 ..... ... ..... ..... ..... .... +79.0

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