Harbor Bankshares (Harbor Bankshares) Tangible Book per Share : $22.11 (As of Sep. 2006)

Harbor Bankshares Tangible Book per Share Chart

Harbor Bankshares Annual Data
	Trend	Dec96	Dec97	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05
Tangible Book per Share		Get a 7-Day Free Trial					13.48	14.84	17.25	18.68	20.70

Harbor Bankshares Quarterly Data
	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06
Tangible Book per Share	Get a 7-Day Free Trial															19.61	20.70	20.45	21.17	22.11

Competitive Comparison of Harbor Bankshares's Tangible Book per Share

For the Banks - Regional subindustry, Harbor Bankshares's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Harbor Bankshares's Price-to-Tangible-Book Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Harbor Bankshares's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Harbor Bankshares's Price-to-Tangible-Book falls into.

Harbor Bankshares Tangible Book per Share Calculation

Harbor Bankshares's Tangible Book Value Per Share for the fiscal year that ended in Dec. 2005 is calculated as

Harbor Bankshares's Tangible Book Value Per Share for the quarter that ended in Sep. 2006 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total equity is a balance sheet item and equal to total assets less total liabilities of the company. Since intangibles such as goodwill cannot be sold when the company liquidates, tangible book value per share is considered more accurate in reflecting how much shareholders will receive when the company liquidates.

Harbor Bankshares  (OTCPK:HRBK) Tangible Book per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Harbor Bankshares Tangible Book per Share Related Terms

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Harbor Bankshares (Harbor Bankshares) Business Description