People In Business NASDAQ 3

USA

James R. Farnum starts fifth year as Hamilton Bancorp Director 20 September 2017

NEWS BITES - PEOPLE IN BUSINESS

James R. Farnum was appointed Director of Hamilton Bancorp (NASDAQ:HBK) four years ago on September 20, 2013.

SECTION 1 BIOGRAPHY JAMES R. FARNUM, DIRECTOR

James R. Farnum. James R. Farnum, Jr. is the Chief Executive Officer and Owner of Alliance Advisory Group, LLC, an organizational advisory practice he formed in 2003 to provide strategic advisory services to a variety of organizations in both the for profit and not-for-profit sectors. Mr. Farnum also serves as the Vice President of Sales and Operations for the S.W. Betz Company, an 84 year old weighing and materials handling distributor. Mr. Farnum has thirty-six years of experience in commercial and retail banking and financial services as well as owning and operating several businesses. He is a graduate of Loyola University Maryland with an Executive MBA (Fellows Program) and also earned a Bachelor's of Science in Finance from the University of Maryland, College Park. Current and past affiliations include Adjunct Professor at the Loyola University Maryland Sellinger School of Business and the Johns Hopkins University Carey Business School; Board of Directors for L.E. Goldsborough & Sons, Inc.; and the Board of Advisors and Finance Committee Chair of St. Frances Academy. Mr. Farnum serves as Chairman of the Audit Committee, Chairman of the Loan Committee and as a member of the Risk Committee of the Board of Hamilton Bank. Mr. Farnum's strategic and risk management experiences, banking and financial services experience, and knowledge of the local business community make him a valuable asset to the board of directors.

SECTION 2 HAMILTON BANCORP INC. PRICE PERFORMANCE SCORECARD (NASDAQ:HBK):

+ Hamilton Bancorp Inc. is placed 1,349/2,218 in the BSS News Bites ranking of price performance of NASDAQ stocks in the past year, a percentile ranking of 39.

2.1 MCap History:

Market Capitalization has decreased by $US5 million from $US53 million to $US48 million since appointment.

HBKShare Price (USD)Market Capitalisation (USD)
Last Traded Sep 1914.0748 million
1 Year ago13.6646.6 million
2 Years ago1447.8 million
3 Years ago13.4345.9 million
Sep 20, 201314.353 million

2.2 Moving Annual Return (Trailing 12 months):

Based on a dynamic start date of 4 years ago, the Moving Annual Return has been positive in 2 of the last 4 years. An investment in HBK a year ago would have produced a return of 3.0%

HBKCloseAnnual Return %
Last Traded Sep 19$US14.073
1 Year ago$US13.66-2.4
2 Years ago$US14.04.2
3 Years ago$US13.43-6.2

2.3 Present Value of $US1000 invested in the past

The present value of $US1000 invested a year ago is $US1,030

PV$10001-week1-month1-year
HBK.NASDAQ1,0029771,030
NASDAQ-100 Index9991,0261,249

2.4 Trailing Price Change %

1-Year price change for Hamilton Bancorp was 3.0%. Compared with the NASDAQ-100 Index which rose 24.9% in the year, the relative price change was -21.9%.

Price Change %1-Month3-Month1-Year
HBK-2.3-2.63.0
Bank sector4.20.131.4
NASDAQ-100 Index3.53.824.9

SECTION 3 HAMILTON BANCORP INC. FINANCIALS AND GROWTH PERFORMANCE SCORECARD (NASDAQ:HBK):

3.1 Key Financials (All figures percent)

Revenue Growth has improved from -6.0% in 2014 to 48.1% in 2017, Operating Margin has improved from -21.4% in 2014 to -10.1% in 2017 and Return on Equity has improved from -1.9% in 2014 to -1.6% in 2017.

HBKRevenue GrowthOperating MarginROE
201748.1-10.1-1.6
201620.62.9-0.2
2015-8.3-6.9-0.5
2014-6-21.4-1.9

3.2 Revenue and Net Profit

In the last 5 years Compound Annual Growth Rate (CAGR) averaged 6.1% for Total Revenue.

DescriptionAnnual ($US M)5-year Avg ($US M)5-year CAGR %
Total Revenue16.811.86.1

CAGR = Compound Annual Growth Rate

3.3 Performance (All figures in %)

Net Profit Margin 5-year average is -4.6% and Return on Equity 5-year average is -0.9%.

DescriptionAnnual5-year Avg
EBITDA Margin-10.14.5
Operating Profit Margin-10.1-8.0
Net Profit Margin-5.5-4.6
Return on Equity-1.6-0.9
Return on Assets-0.2-0.2

3.4 High Performance Indicator:

DescriptionValueRank In NASDAQ Market
Volatility %0.7In Top Quartile

SECTION 4 HAMILTON BANCORP INC. MARKET POSITION AND GLOBAL RANK (NASDAQ:HBK):

4.1 Market Position

Hamilton Bancorp Inc. (NASDAQ:HBK), NASDAQ's 287th largest Bank by market cap, increased 41.50c (or 3.0%) in the trailing 12 months to September 19, 2017 to close at $US14.07. Compared with the NASDAQ-100 Index which has risen 24.9% over the same period, this is a relative price change of -21.9%. Average daily volume of 4,101 shares in the trailing year was 0.8 times average daily volume in the previous year. In the trailing 12 months the market cap has jumped $US1.4 million.

4.2 Global Rank

Global Rank [out of 47,650 stocks]

DescriptionValueRankQuartile
MCap (US$)48M28,100Third
Total Assets (US$)514.5M13,283Second
Revenue (US$)16.8M29,503Third
Return on Equity %(1.6)29,057Third
Net Profit Margin %(5.5)30,272Third
Price to Book0.910,284Top
PV$1000 (1Year) US$1,03022,681Second
US$ Change (1Year) %5.821,767Second
Rel Strength 6 Mo (US$)4327,182Third

SECTION 5 OTHER DIRECTORS OF HAMILTON BANCORP INC.

Robert (Bob) DeAlmeida, Chief Executive Officer & President

Joseph J. Bouffard, Director

William E. Ballard, Director

Carol L. Coughlin, Director

William W. Furr, Director

James R. Farnum, Director

Jenny G. Morgan, Director

Ellen Fish, Executive Vice President

Mark Freyer, Senior Vice President

John P. Marzullo, Senior Vice President

Sherri L. Wilson, Senior Vice President

Robin L. Thiess, Vice President

Debra Scheller, Vice President

SECTION 6 HAMILTON BANCORP INC. ACTIVITIES

Hamilton Bancorp Inc. is a bank holding company. The Company's banking subsidiary is a Federal mutual savings bank whose business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations, in one- to four-family residential mortgage loans (including owner-occupied and investor loans.

SECTION 7 RECENT NEWS ON DIRECTORS

7.1 UPDATED DIRECTOR PROFILES

24 July 2017

Joseph J. Bouffard - Hamilton Bancorp updates director's profile

Hamilton Bancorp recently released their definitive SEC filing DEF 14A. The updated profile of Joseph J. Bouffard (67), Director is shown below.Joseph J. Bouffard. Mr. Bouffard was appointed to the Board of Directors on January 20, 2015. A seasoned financial executive, he has more than 25 years of experience working for Baltimore-based financial institutions and more than 15 years serving as president and CEO for area community banks. Mr. Bouffard possesses real-world knowledge and expertise working with community banks, public companies, and both performing and troubled banking institutions. Mr. Bouffard has extensive ties to the Baltimore banking community and has served on several banking-related boards and committees. Before retiring in December 2014, he served eight years as president and CEO of Baltimore County Savings Bank, a $630,000,000 community bank/bank holding company with 16 branch offices. During his tenure with Baltimore County Savings Bank, Mr. Bouffard improved the poorly performing institution that was previously victimized by a multimillion dollar check fraud. He converted it from a mutual holding company to a Federal Reserve Member Bank and took the company from three years of losses to 16 consecutive quarters of profitability. Prior to that, Mr. Bouffard served as president and CEO of The Patapsco Bank, and during his tenure converted the bank from a mutual organization to a publicly traded company and grew assets from $77 million to $228 million. He also served as senior vice president of The Bank of Baltimore, president and chief operating officer of Municipal Savings Bank, a subsidiary of Baltimore Bancorp, and vice president of The Bank of Baltimore. An accomplished CEO, Mr. Bouffard spent much of his career advancing the banking community by serving on industry association and community foundation boards. Mr. Bouffard serves as Chairman of the Compensation Committee. In 2016 Mr. Bouffard retired as a board member and chairman of the compensation committee of Maryland Financial Bank and as an active member of the membership committee for the American Bankers Association. He previously served on the American Bankers Association Community Bankers Council, as a board member of the Dundalk Community College Foundation, and board member of the Maryland Bankers Association. Mr. Bouffard holds a bachelor's degree in business administration from University of Baltimore and MBA from Loyola University Maryland, formerly Loyola College. He resides in Bel Air, Maryland with his wife. Mr. Bouffard's extensive experience with publicly traded community banking organizations in the Mid Atlantic market area makes him an invaluable asset to the Board.

24 July 2017

Jenny G. Morgan - Hamilton Bancorp updates director's profile

Hamilton Bancorp recently released their definitive SEC filing DEF 14A. The updated profile of Jenny G. Morgan (57), Director is shown below.Jenny G. Morgan. Ms. Morgan was appointed to the Board of Directors on January 19, 2016. Ms. Morgan is currently President and Chief Executive Officer of basys, inc., a growing technology company that for 40 years has provided benefits administration systems for third-party administrators and self-administered fund officers in the multiemployer market throughout the United States and Canada. Prior to joining basys, inc. in 2009, Ms. Morgan served as an Investment Principal at Sterling Partners, a top middle-market private equity firm, where her responsibilities included identifying, evaluating and executing prospective investments and working with portfolio companies to leverage opportunities for growth and operational efficiencies. Before joining Sterling Partners in 2006, Ms. Morgan was Chief Executive Officer of ViPS, Inc. (now a subsidiary of General Dynamics Information Technology), which grew into one of the Baltimore area's largest information technology companies during her 20-year leadership. Ms. Morgan holds a Master of Administrative Sciences degree from Johns Hopkins University and a Bachelor of Arts degree in economics from Brandeis University. She was selected as a finalist for the Ernst & Young Entrepreneur of The Year Award(Registered) in 2000 and named an Ernst & Young Entrepreneur of The Year(Registered) Award winner for the state of Maryland in 2005. From 2001 to 2003, she received the Deloitte & Touche Technology Fast 50 award as CEO of one of Maryland's 50 fastest-growing technology companies. Ms. Morgan serves as a member of the Risk and Audit Committee of the board of Hamilton Bank. Ms. Morgan serves on a number of local, privately held company boards and the Advisory Council for the Johns Hopkins Carey Business School. She also served on the board of the Federal Reserve Bank of Richmond's Baltimore Branch from 2009 to 2014.

24 July 2017

William W. Furr - Hamilton Bancorp updates director's profile

Hamilton Bancorp recently released their definitive SEC filing DEF 14A. The updated profile of William W. Furr (68), Director is shown below.William W. Furr. William W. Furr has over 40 years' experience in the highly regulated insurance business and severed on Hamilton's Board since 1977. He is presently President and Board member of The Paramount Insurance Company, a local non-standard automobile insurer. Prior to being named President of Paramount in 2015, Mr. Furr worked as a consultant, assisting with insurance regulatory compliance, customer service and marketing for insurance operations and small businesses. In 2004 he facilitated for the Maryland Insurance Administration the rehabilitation and of Carroll County Mutual Insurance Company, now Westminster American Insurance. Previously, Mr. Furr spent 28 years as manager of the Baltimore regional office of Amica Mutual Insurance Company. Mr. Furr serves as a member of the Compensation Committee and chairs the Risk Committee of the Board of Hamilton Bank. In addition to his Hamilton board position, Mr. Furr is on the board of Westminster American Insurance Company and chairs their Audit Committee. Mr. Furr previously served on the District of Columbia Property Insurance Facility Board, and was Chairman of the Maryland Joint Insurance Association Board. Mr. Furr's other past affiliations include the Joseph Richey Hospice board and the All Saints Sisters of Poor convent in Catonsville. Mr. Furr is a Chartered Property Casualty Underwriter and received a bachelor's degree from University of Richmond. Mr. Furr's extensive experience in regulated environments, his commitment to excellence, management and operations experience, and knowledge of the local business community offers Hamilton's board valuable insights regarding regulators, internal processes, external customer service and marketing matters.

24 July 2017

Robert (Bob) DeAlmeida - Hamilton Bancorp updates CEO and president's profile

Hamilton Bancorp recently released their definitive SEC filing DEF 14A. The updated profile of Robert (Bob) DeAlmeida (62), CEO and President is shown below.Robert A. DeAlmeida. Hamilton Bank has transformed and thrived under the leadership of president and CEO Robert (Bob) DeAlmeida. His vision for expansion began as far back as 1990 when he was hired as the bank's chief financial officer. At the time, the bank had two locations and less than 25 employees. Today, Hamilton Bank operates eight Maryland locations from its headquarters in Towson, and its staff has more than tripled. DeAlmeida and his team have expanded the bank's services to meet the complete banking needs of small businesses, retailers, consumers, and homeowners across Greater Baltimore. During his prior post as CFO of Hamilton Bank, DeAlmeida managed the accounting operations and investments for the bank, yet he quickly found himself entrenched in other aspects of the business. DeAlmeida handled negotiations and all related acquisition dealings, fueling growth for Hamilton Bank at a time when other banks were struggling. He became vice president and treasurer in 1990, and earned the position of bank president in July 2005. During DeAlmeida's tenure, Hamilton Bank has proven its stability, its reputation, and its dedication to the customer. Mr. DeAlmeida serves on prominent industry boards and in a variety of special advisory roles. He currently serves on, and was past chair of, the board of directors of the Maryland Bankers Association - the only professional association representing the banking industry in Maryland. He serves as chairman of The Federal Reserve Bank of Richmond's Community Depository Institutions Advisory Council (CDIAC), and also represents the district by serving on the National Community Depository Institution Advisory Council in Washington D.C. Mr. DeAlmeida serves on the Board of Directors of the Maryland Chamber of Commerce and is the incoming chair of the University of Baltimore, Merrick School of Business Dean's Advisory Council - this council provides business perspective for the strategic direction of the School. Mr. DeAlmeida is chairman of the board of directors of Healthy Neighborhoods, a supporting organization of the Baltimore Community Foundation which finances housing and home improvements for home buyers and homeowners in Baltimore City. Mr. DeAlmeida also serves on the Neighborhood Housing Services (NHS) of Baltimore loan committee; the audit and finance committee of the Girl Scouts of Central Maryland; and on the investment committee of the Maryland Historical Society. He is a past director of both NHS of Baltimore and past chair of HARBEL Housing Services. DeAlmeida earned his bachelor's degree in accounting from Loyola College of Maryland and his master's degree in economics from the University of Baltimore.

24 July 2017

William E. Ballard - Hamilton Bancorp updates director's profile

Hamilton Bancorp recently released their definitive SEC filing DEF 14A. The updated profile of William E. Ballard (68), Director is shown below.William E. Ballard. William E. Ballard is a Partner and Project Manager of EFI Group, LLC, which provides a wide range of engineering and manufacturing consulting services to address industry profitability challenges. Services include strategic planning and expansion implementation. He is responsible for maintaining EFI Group's Project Management and Lean Manufacturing standards, assigning the right resources to projects and ensuring EFI Group's clients have an exceptional experience overall. Prior to joining EFI Group in 2001, Mr. Ballard led capital project evaluation, capital expansion and manufacturing improvement-planning activities for a major chemical company and also held line positions in both manufacturing and maintenance. He is a Mechanical Engineering professional and earned his MBA in Finance from the University of Baltimore. Mr. Ballard is a Member of the Regional Manufacturing Institute, a group that promotes the growth of manufacturing throughout Maryland. Mr. Ballard serves as a member of the Audit Committee and the Corporate Governance and Nominating Committee of the Board of Hamilton Bank. He also served as the Board liaison to the Compliance Committee. Mr. Ballard's management experience and knowledge of the local business community provides the board valuable insights regarding business development in our market area.

24 July 2017

James R. Farnum - Hamilton Bancorp updates director's profile

Hamilton Bancorp recently released their definitive SEC filing DEF 14A. The updated profile of James R. Farnum (57), Director is shown below.James R. Farnum. James R. Farnum, Jr. is the Chief Executive Officer and Owner of Alliance Advisory Group, LLC, an organizational advisory practice he formed in 2003 to provide strategic advisory services to a variety of organizations in both the for profit and not-for-profit sectors. Mr. Farnum also serves as the Vice President of Sales and Operations for the S.W. Betz Company, an 84 year old weighing and materials handling distributor. Mr. Farnum has thirty-six years of experience in commercial and retail banking and financial services as well as owning and operating several businesses. He is a graduate of Loyola University Maryland with an Executive MBA (Fellows Program) and also earned a Bachelor's of Science in Finance from the University of Maryland, College Park. Current and past affiliations include Adjunct Professor at the Loyola University Maryland Sellinger School of Business and the Johns Hopkins University Carey Business School; Board of Directors for L.E. Goldsborough & Sons, Inc.; and the Board of Advisors and Finance Committee Chair of St. Frances Academy. Mr. Farnum serves as Chairman of the Audit Committee, Chairman of the Loan Committee and as a member of the Risk Committee of the Board of Hamilton Bank. Mr. Farnum's strategic and risk management experiences, banking and financial services experience, and knowledge of the local business community make him a valuable asset to the board of directors.

7.2 ELECTION OF DIRECTORS

24 August 2017

Hamilton Bancorp Elects 03 Directors

Hamilton Bancorp (HBK) held its Annual General Meeting on August 21, 2017. According to an SEC filing under Section 8-K Item 5.07 the following directors were elected:

William E. Ballard

Carol L. Coughlin

Joseph J. Bouffard

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