401k Plan data: THE HARBOR BANK OF MARYLAND 401(K) plan

THE HARBOR BANK OF MARYLAND 401(K) 401k Plan overview

Plan Name	THE HARBOR BANK OF MARYLAND 401(K)
Plan identification number	001

THE HARBOR BANK OF MARYLAND 401(K) Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
Plan sponsor(s) received services of leased employees, as defined in Code section 414(n), during the plan year.

401k Sponsoring company profile

THE HARBOR BANKSHARES CORPORATIO has sponsored the creation of one or more 401k plans.

Company Name: THE HARBOR BANKSHARES CORPORATIO

Employer identification number (EIN): 521242823

NAIC Classification: 522110
NAIC Description: Commercial Banking

Form 5500 Filing Information

Submission information for form 5500 for 401k plan THE HARBOR BANK OF MARYLAND 401(K)

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
001 2023-01-01 NIELA MAGWOOD-PHOENIX 2024-06-05
001 2022-01-01 NIELA MAGWOOD-PHOENIX 2023-07-17
001 2021-01-01 MELANIE WILLIAMS 2022-06-01
001 2020-01-01 MELANIE WILLIAMS 2021-07-23
001 2019-01-01 MELANIE WILLIAMS 2020-07-27
001 2018-01-01 MELANIE WILLIAMS 2019-07-08
001 2017-01-01 MELANIE WILLIAMS 2018-08-22
001 2016-01-01 MELANIE WILLIAMS 2017-07-21
001 2015-01-01 MELANIE WILLIAMS 2016-10-11
001 2014-01-01 MELANIE WILLIAMS MELANIE WILLIAMS 2015-09-30
001 2013-01-01 MELANIE WILLIAMS
001 2012-01-01 MELANIE WILLIAMS
001 2011-01-01 SARITA DOPKIN MELANIE WILLIAMS 2012-10-12
001 2009-01-01 TEODORO HERNANDEZ MELANIE WILLIAMS 2010-10-14

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
001	2023-01-01	NIELA MAGWOOD-PHOENIX	2024-06-05
001	2022-01-01	NIELA MAGWOOD-PHOENIX	2023-07-17
001	2021-01-01	MELANIE WILLIAMS	2022-06-01
001	2020-01-01	MELANIE WILLIAMS	2021-07-23
001	2019-01-01	MELANIE WILLIAMS	2020-07-27
001	2018-01-01	MELANIE WILLIAMS	2019-07-08
001	2017-01-01	MELANIE WILLIAMS	2018-08-22
001	2016-01-01	MELANIE WILLIAMS	2017-07-21
001	2015-01-01	MELANIE WILLIAMS	2016-10-11
001	2014-01-01	MELANIE WILLIAMS		MELANIE WILLIAMS	2015-09-30
001	2013-01-01	MELANIE WILLIAMS
001	2012-01-01	MELANIE WILLIAMS
001	2011-01-01	SARITA DOPKIN		MELANIE WILLIAMS	2012-10-12
001	2009-01-01	TEODORO HERNANDEZ		MELANIE WILLIAMS	2010-10-14

Plan Statistics for THE HARBOR BANK OF MARYLAND 401(K)

401k plan membership statisitcs for THE HARBOR BANK OF MARYLAND 401(K)

Measure Date Value
2025: THE HARBOR BANK OF MARYLAND 401(K) 2025 401k membership
Total number of particpants at beginning of year 2025-05-27 93
Total number of particpants at end of year 2025-05-27 107
Number of Participants With Account Balances 2025-05-27 94
2024: THE HARBOR BANK OF MARYLAND 401(K) 2024 401k membership
Total number of particpants at beginning of year 2024-06-05 84
Total number of particpants at end of year 2024-06-05 100
Number of Participants With Account Balances 2024-06-05 79
2022: THE HARBOR BANK OF MARYLAND 401(K) 2022 401k membership
Total number of particpants at beginning of year 2022-06-01 79
Total number of particpants at end of year 2022-06-01 77
Number of Participants With Account Balances 2022-06-01 69
2014: THE HARBOR BANK OF MARYLAND 401(K) 2014 401k membership
Total participants, beginning-of-year 2014-01-01 113
Total number of active participants reported on line 7a of the Form 5500 2014-01-01 63
Number of retired or separated participants receiving benefits 2014-01-01 0
Number of other retired or separated participants entitled to future benefits 2014-01-01 18
Total of all active and inactive participants 2014-01-01 81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2014-01-01 0
Total participants 2014-01-01 81
Number of participants with account balances 2014-01-01 67
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2014-01-01 1
2013: THE HARBOR BANK OF MARYLAND 401(K) 2013 401k membership
Total participants, beginning-of-year 2013-01-01 113
Total number of active participants reported on line 7a of the Form 5500 2013-01-01 65
Number of retired or separated participants receiving benefits 2013-01-01 0
Number of other retired or separated participants entitled to future benefits 2013-01-01 44
Total of all active and inactive participants 2013-01-01 109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2013-01-01 0
Total participants 2013-01-01 109
Number of participants with account balances 2013-01-01 100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2013-01-01 2
2012: THE HARBOR BANK OF MARYLAND 401(K) 2012 401k membership
Total participants, beginning-of-year 2012-01-01 111
Total number of active participants reported on line 7a of the Form 5500 2012-01-01 64
Number of retired or separated participants receiving benefits 2012-01-01 0
Number of other retired or separated participants entitled to future benefits 2012-01-01 49
Total of all active and inactive participants 2012-01-01 113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2012-01-01 0
Total participants 2012-01-01 113
Number of participants with account balances 2012-01-01 106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2012-01-01 1
2011: THE HARBOR BANK OF MARYLAND 401(K) 2011 401k membership
Total participants, beginning-of-year 2011-01-01 116
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 71
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 40
Total of all active and inactive participants 2011-01-01 111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 111
Number of participants with account balances 2011-01-01 104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 6
2009: THE HARBOR BANK OF MARYLAND 401(K) 2009 401k membership
Total participants, beginning-of-year 2009-01-01 124
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 72
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 41
Total of all active and inactive participants 2009-01-01 113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 113
Number of participants with account balances 2009-01-01 103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 8

Measure	Date	Value
2025: THE HARBOR BANK OF MARYLAND 401(K) 2025 401k membership
Total number of particpants at beginning of year	2025-05-27	93
Total number of particpants at end of year	2025-05-27	107
Number of Participants With Account Balances	2025-05-27	94
2024: THE HARBOR BANK OF MARYLAND 401(K) 2024 401k membership
Total number of particpants at beginning of year	2024-06-05	84
Total number of particpants at end of year	2024-06-05	100
Number of Participants With Account Balances	2024-06-05	79
2022: THE HARBOR BANK OF MARYLAND 401(K) 2022 401k membership
Total number of particpants at beginning of year	2022-06-01	79
Total number of particpants at end of year	2022-06-01	77
Number of Participants With Account Balances	2022-06-01	69
2014: THE HARBOR BANK OF MARYLAND 401(K) 2014 401k membership
Total participants, beginning-of-year	2014-01-01	113
Total number of active participants reported on line 7a of the Form 5500	2014-01-01	63
Number of retired or separated participants receiving benefits	2014-01-01	0
Number of other retired or separated participants entitled to future benefits	2014-01-01	18
Total of all active and inactive participants	2014-01-01	81
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2014-01-01	0
Total participants	2014-01-01	81
Number of participants with account balances	2014-01-01	67
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2014-01-01	1
2013: THE HARBOR BANK OF MARYLAND 401(K) 2013 401k membership
Total participants, beginning-of-year	2013-01-01	113
Total number of active participants reported on line 7a of the Form 5500	2013-01-01	65
Number of retired or separated participants receiving benefits	2013-01-01	0
Number of other retired or separated participants entitled to future benefits	2013-01-01	44
Total of all active and inactive participants	2013-01-01	109
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2013-01-01	0
Total participants	2013-01-01	109
Number of participants with account balances	2013-01-01	100
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2013-01-01	2
2012: THE HARBOR BANK OF MARYLAND 401(K) 2012 401k membership
Total participants, beginning-of-year	2012-01-01	111
Total number of active participants reported on line 7a of the Form 5500	2012-01-01	64
Number of retired or separated participants receiving benefits	2012-01-01	0
Number of other retired or separated participants entitled to future benefits	2012-01-01	49
Total of all active and inactive participants	2012-01-01	113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2012-01-01	0
Total participants	2012-01-01	113
Number of participants with account balances	2012-01-01	106
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2012-01-01	1
2011: THE HARBOR BANK OF MARYLAND 401(K) 2011 401k membership
Total participants, beginning-of-year	2011-01-01	116
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	71
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	40
Total of all active and inactive participants	2011-01-01	111
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	111
Number of participants with account balances	2011-01-01	104
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	6
2009: THE HARBOR BANK OF MARYLAND 401(K) 2009 401k membership
Total participants, beginning-of-year	2009-01-01	124
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	72
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	41
Total of all active and inactive participants	2009-01-01	113
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	113
Number of participants with account balances	2009-01-01	103
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	8

Financial Data on THE HARBOR BANK OF MARYLAND 401(K)

Measure	Date	Value
2025 : THE HARBOR BANK OF MARYLAND 401(K) 2025 401k financial data
Total expenses incurred by plan in this plan year	2025-05-27	163981
Net assets as of the end of the plan year	2025-05-27	3492175
Total assets as of the beginning of the plan year	2025-05-27	2749137
Value of plan covered by a fidelity bond	2025-05-27	275000
Participant contributions to plan in this plan year	2025-05-27	395239
Value of participant loans at end of plan year	2025-05-27	191750
Other contributions to plan in this plan year	2025-05-27	62379
Other income to plan in this plan year	2025-05-27	301407
Plan net income in this plan year	2025-05-27	743038
Net assets as of the end of the plan year	2025-05-27	3492175
Net assets as of the beginning of the plan year	2025-05-27	2749137
Employer contributions to plan in this plan year	2025-05-27	147994
Expensese paid to adminstrative service provicers from plan in this plan year	2025-05-27	18787
2024 : THE HARBOR BANK OF MARYLAND 401(K) 2024 401k financial data
Total expenses incurred by plan in this plan year	2024-06-05	994106
Net assets as of the end of the plan year	2024-06-05	2749137
Total assets as of the beginning of the plan year	2024-06-05	2899045
Value of plan covered by a fidelity bond	2024-06-05	290000
Participant contributions to plan in this plan year	2024-06-05	356003
Value of participant loans at end of plan year	2024-06-05	141578
Other contributions to plan in this plan year	2024-06-05	36425
Other income to plan in this plan year	2024-06-05	335193
Plan net income in this plan year	2024-06-05	-149908
Net assets as of the end of the plan year	2024-06-05	2749137
Net assets as of the beginning of the plan year	2024-06-05	2899045
Employer contributions to plan in this plan year	2024-06-05	116577
Expensese paid to adminstrative service provicers from plan in this plan year	2024-06-05	17202
2022 : THE HARBOR BANK OF MARYLAND 401(K) 2022 401k financial data
Total expenses incurred by plan in this plan year	2022-06-01	301786
Net assets as of the end of the plan year	2022-06-01	3421790
Total assets as of the beginning of the plan year	2022-06-01	3011857
Value of plan covered by a fidelity bond	2022-06-01	302000
Participant contributions to plan in this plan year	2022-06-01	286623
Value of participant loans at end of plan year	2022-06-01	156201
Other income to plan in this plan year	2022-06-01	328930
Plan net income in this plan year	2022-06-01	409933
Net assets as of the end of the plan year	2022-06-01	3421790
Net assets as of the beginning of the plan year	2022-06-01	3011857
Employer contributions to plan in this plan year	2022-06-01	96166
Expensese paid to adminstrative service provicers from plan in this plan year	2022-06-01	17267
2014 : THE HARBOR BANK OF MARYLAND 401(K) 2014 401k financial data
Total unrealized appreciation/depreciation of assets	2014-12-31	$0
Total transfer of assets to this plan	2014-12-31	$0
Total transfer of assets from this plan	2014-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2014-12-31	$0
Total income from all sources (including contributions)	2014-12-31	$483,741
Total loss/gain on sale of assets	2014-12-31	$0
Total of all expenses incurred	2014-12-31	$241,833
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2014-12-31	$218,851
Expenses. Certain deemed distributions of participant loans	2014-12-31	$1,193
Value of total corrective distributions	2014-12-31	$6,594
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2014-12-31	$286,839
Value of total assets at end of year	2014-12-31	$2,905,500
Value of total assets at beginning of year	2014-12-31	$2,663,592
Total of administrative expenses incurred including professional, contract, advisory and management fees	2014-12-31	$15,195
Total interest from all sources	2014-12-31	$9,844
Total dividends received (eg from common stock, registered investment company shares)	2014-12-31	$99,456
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2014-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2014-12-31	$99,456
Was this plan covered by a fidelity bond	2014-12-31	Yes
Value of fidelity bond cover	2014-12-31	$267,000
If this is an individual account plan, was there a blackout period	2014-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2014-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2014-12-31	No
Contributions received from participants	2014-12-31	$185,821
Participant contributions at end of year	2014-12-31	$227,039
Participant contributions at beginning of year	2014-12-31	$175,320
Income. Received or receivable in cash from other sources (including rollovers)	2014-12-31	$41,108
Other income not declared elsewhere	2014-12-31	$6
Administrative expenses (other) incurred	2014-12-31	$15,195
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Value of net income/loss	2014-12-31	$241,908
Value of net assets at end of year (total assets less liabilities)	2014-12-31	$2,905,500
Value of net assets at beginning of year (total assets less liabilities)	2014-12-31	$2,663,592
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2014-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2014-12-31	No
Were any leases to which the plan was party in default or uncollectible	2014-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2014-12-31	$2,553,318
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2014-12-31	$2,374,224
Interest on participant loans	2014-12-31	$9,844
Value of interest in common/collective trusts at end of year	2014-12-31	$58,003
Value of interest in common/collective trusts at beginning of year	2014-12-31	$55,178
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2014-12-31	$86,647
Net investment gain or loss from common/collective trusts	2014-12-31	$949
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2014-12-31	No
Was there a failure to transmit to the plan any participant contributions	2014-12-31	No
Has the plan failed to provide any benefit when due under the plan	2014-12-31	No
Contributions received in cash from employer	2014-12-31	$59,910
Employer contributions (assets) at end of year	2014-12-31	$67,140
Employer contributions (assets) at beginning of year	2014-12-31	$58,870
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2014-12-31	$218,851
Did the plan have assets held for investment	2014-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2014-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2014-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2014-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2014-12-31	Disclaimer
Accountancy firm name	2014-12-31	STEGMAN & COMPANY
Accountancy firm EIN	2014-12-31	520947747
2013 : THE HARBOR BANK OF MARYLAND 401(K) 2013 401k financial data
Total unrealized appreciation/depreciation of assets	2013-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2013-12-31	$0
Total income from all sources (including contributions)	2013-12-31	$568,644
Total loss/gain on sale of assets	2013-12-31	$0
Total of all expenses incurred	2013-12-31	$366,019
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2013-12-31	$306,897
Expenses. Certain deemed distributions of participant loans	2013-12-31	$1,064
Value of total corrective distributions	2013-12-31	$34,078
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2013-12-31	$216,952
Value of total assets at end of year	2013-12-31	$2,663,592
Value of total assets at beginning of year	2013-12-31	$2,460,967
Total of administrative expenses incurred including professional, contract, advisory and management fees	2013-12-31	$23,980
Total interest from all sources	2013-12-31	$7,479
Total dividends received (eg from common stock, registered investment company shares)	2013-12-31	$68,983
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2013-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2013-12-31	$68,983
Was this plan covered by a fidelity bond	2013-12-31	Yes
Value of fidelity bond cover	2013-12-31	$247,000
If this is an individual account plan, was there a blackout period	2013-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2013-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2013-12-31	No
Contributions received from participants	2013-12-31	$158,082
Participant contributions at end of year	2013-12-31	$175,320
Participant contributions at beginning of year	2013-12-31	$133,407
Participant contributions at beginning of year	2013-12-31	$9,740
Other income not declared elsewhere	2013-12-31	$10,302
Administrative expenses (other) incurred	2013-12-31	$23,980
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Value of net income/loss	2013-12-31	$202,625
Value of net assets at end of year (total assets less liabilities)	2013-12-31	$2,663,592
Value of net assets at beginning of year (total assets less liabilities)	2013-12-31	$2,460,967
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2013-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2013-12-31	No
Were any leases to which the plan was party in default or uncollectible	2013-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2013-12-31	$2,374,224
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2013-12-31	$2,210,471
Interest on participant loans	2013-12-31	$7,479
Value of interest in common/collective trusts at end of year	2013-12-31	$55,178
Value of interest in common/collective trusts at beginning of year	2013-12-31	$43,212
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2013-12-31	$263,820
Net investment gain or loss from common/collective trusts	2013-12-31	$1,108
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2013-12-31	No
Was there a failure to transmit to the plan any participant contributions	2013-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2013-12-31	No
Contributions received in cash from employer	2013-12-31	$58,870
Employer contributions (assets) at end of year	2013-12-31	$58,870
Employer contributions (assets) at beginning of year	2013-12-31	$64,137
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2013-12-31	$306,897
Did the plan have assets held for investment	2013-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2013-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2013-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2013-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2013-12-31	Disclaimer
Accountancy firm name	2013-12-31	STEGMAN & COMPANY
Accountancy firm EIN	2013-12-31	520947747
2012 : THE HARBOR BANK OF MARYLAND 401(K) 2012 401k financial data
Total unrealized appreciation/depreciation of assets	2012-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2012-12-31	$0
Total income from all sources (including contributions)	2012-12-31	$488,859
Total loss/gain on sale of assets	2012-12-31	$0
Total of all expenses incurred	2012-12-31	$126,818
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2012-12-31	$101,906
Expenses. Certain deemed distributions of participant loans	2012-12-31	$21,285
Value of total corrective distributions	2012-12-31	$215
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2012-12-31	$246,350
Value of total assets at end of year	2012-12-31	$2,460,967
Value of total assets at beginning of year	2012-12-31	$2,098,926
Total of administrative expenses incurred including professional, contract, advisory and management fees	2012-12-31	$3,412
Total interest from all sources	2012-12-31	$6,328
Total dividends received (eg from common stock, registered investment company shares)	2012-12-31	$59,930
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2012-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2012-12-31	$59,930
Was this plan covered by a fidelity bond	2012-12-31	Yes
Value of fidelity bond cover	2012-12-31	$210,000
If this is an individual account plan, was there a blackout period	2012-12-31	Yes
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2012-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2012-12-31	No
Contributions received from participants	2012-12-31	$182,213
Participant contributions at end of year	2012-12-31	$133,407
Participant contributions at beginning of year	2012-12-31	$157,946
Participant contributions at end of year	2012-12-31	$9,740
Participant contributions at beginning of year	2012-12-31	$9,309
Administrative expenses (other) incurred	2012-12-31	$3,412
Total non interest bearing cash at beginning of year	2012-12-31	$1,319
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Value of net income/loss	2012-12-31	$362,041
Value of net assets at end of year (total assets less liabilities)	2012-12-31	$2,460,967
Value of net assets at beginning of year (total assets less liabilities)	2012-12-31	$2,098,926
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2012-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2012-12-31	No
Were any leases to which the plan was party in default or uncollectible	2012-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2012-12-31	$2,210,471
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2012-12-31	$1,863,258
Interest on participant loans	2012-12-31	$6,328
Value of interest in common/collective trusts at end of year	2012-12-31	$43,212
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2012-12-31	$175,999
Net investment gain or loss from common/collective trusts	2012-12-31	$252
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2012-12-31	No
Was there a failure to transmit to the plan any participant contributions	2012-12-31	Yes
Has the plan failed to provide any benefit when due under the plan	2012-12-31	No
Contributions received in cash from employer	2012-12-31	$64,137
Employer contributions (assets) at end of year	2012-12-31	$64,137
Employer contributions (assets) at beginning of year	2012-12-31	$67,094
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2012-12-31	$101,906
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2012-12-31	Yes
Did the plan have assets held for investment	2012-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2012-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2012-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2012-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2012-12-31	Disclaimer
Accountancy firm name	2012-12-31	STEGMAN & COMPANY
Accountancy firm EIN	2012-12-31	520947747
2011 : THE HARBOR BANK OF MARYLAND 401(K) 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$184,383
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$49,110
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$49,110
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$223,082
Value of total assets at end of year	2011-12-31	$2,098,926
Value of total assets at beginning of year	2011-12-31	$1,963,653
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$0
Total interest from all sources	2011-12-31	$7,286
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$16,615
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$16,615
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$156,199
Participant contributions at end of year	2011-12-31	$157,946
Participant contributions at beginning of year	2011-12-31	$160,830
Participant contributions at end of year	2011-12-31	$9,309
Participant contributions at beginning of year	2011-12-31	$5,230
Total non interest bearing cash at end of year	2011-12-31	$1,319
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$135,273
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$2,098,926
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$1,963,653
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$1,863,258
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$1,740,138
Interest on participant loans	2011-12-31	$7,286
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-62,600
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$66,883
Employer contributions (assets) at end of year	2011-12-31	$67,094
Employer contributions (assets) at beginning of year	2011-12-31	$57,455
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$49,110
Contract administrator fees	2011-12-31	$0
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	STEGMAN AND COMPANY
Accountancy firm EIN	2011-12-31	520947747
2010 : THE HARBOR BANK OF MARYLAND 401(K) 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$427,424
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$256,744
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$252,802
Value of total corrective distributions	2010-12-31	$3,942
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$260,581
Value of total assets at end of year	2010-12-31	$1,963,653
Value of total assets at beginning of year	2010-12-31	$1,792,973
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$0
Total interest from all sources	2010-12-31	$7,476
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$10,251
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$10,251
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$3,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$171,719
Participant contributions at end of year	2010-12-31	$160,830
Participant contributions at beginning of year	2010-12-31	$120,508
Participant contributions at end of year	2010-12-31	$5,230
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$14,514
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$170,680
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$1,963,653
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$1,792,973
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$1,740,138
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$1,672,465
Interest on participant loans	2010-12-31	$7,476
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$149,116
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	Yes
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$74,348
Employer contributions (assets) at end of year	2010-12-31	$57,455
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$252,802
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	SB & COMPANY
Accountancy firm EIN	2010-12-31	202153727
2009 : THE HARBOR BANK OF MARYLAND 401(K) 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for THE HARBOR BANK OF MARYLAND 401(K)

2014: THE HARBOR BANK OF MARYLAND 401(K) 2014 form 5500 responses
2014-01-01	Type of plan entity	Single employer plan
2014-01-01	Submission has been amended	No
2014-01-01	This submission is the final filing	No
2014-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2014-01-01	Plan is a collectively bargained plan	No
2014-01-01	Plan funding arrangement – Trust	Yes
2014-01-01	Plan benefit arrangement - Trust	Yes
2013: THE HARBOR BANK OF MARYLAND 401(K) 2013 form 5500 responses
2013-01-01	Type of plan entity	Single employer plan
2013-01-01	Submission has been amended	Yes
2013-01-01	This submission is the final filing	No
2013-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2013-01-01	Plan is a collectively bargained plan	No
2013-01-01	Plan funding arrangement – Trust	Yes
2013-01-01	Plan benefit arrangement - Trust	Yes
2012: THE HARBOR BANK OF MARYLAND 401(K) 2012 form 5500 responses
2012-01-01	Type of plan entity	Single employer plan
2012-01-01	Submission has been amended	No
2012-01-01	This submission is the final filing	No
2012-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2012-01-01	Plan is a collectively bargained plan	No
2012-01-01	Plan funding arrangement – Trust	Yes
2012-01-01	Plan benefit arrangement - Trust	Yes
2011: THE HARBOR BANK OF MARYLAND 401(K) 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: THE HARBOR BANK OF MARYLAND 401(K) 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	THE HARBOR BANKSHARES CORPORATIO
Employer identification number (EIN):	521242823
NAIC Classification:	522110
NAIC Description:	Commercial Banking