Maryland Federal Bancorp
The Hyattsville-based parent of Maryland Federal Savings and Loan Association reported record profits in its first fiscal quarter, which ended May 31, as improving residential real estate markets helped heat up demand for mortgage loans.
The company also said demand was increasing for adjustable-rate mortgages and for mortgage refinancings.
Maryland Federal has 19 offices in Prince George's, Montgomery, Charles and Anne Arundel counties.
Three months ended 5/31/92
.. .. .. .. ..Income .. .. .. ..Share
'92 .. .. .. 1,998,000 .. .. ..0.69
.. .. .. 1,222,000 .. .. ..0.43
change .. ..+63.5 .. .. .. .. +60.5
.. .. .. .. ..Assets .. .. ..Deposits
.. .. .. 820,039,000 . 688,181,000
'91 .. .. .. .-- .. .. .. .. .. ..--
% change .. ..-- .. .. .. ... .. .--
Addition to allowance .. .. .. .. ..Allowance
for loan losses .. ... .. ... ... ..for loan losses
'92 .. .. .. ..472,000 .. .. ... ..--
'91 .. . .. .. 225,000 .. .. .. ...--
% change .. .. .+109.8 .. .. ... ...--
