Private company

PARTNERS BANCORP

American state commercial bank, incorporated in Maryland1

In its 2023 annual report the company says: “The Company holds all of the issued and outstanding shares of common stock of The Bank of Delmarva and Virginia Partners Bank. The Company has no direct subsidiaries other than Delmarva and Partners.”44 It is headquartered in Salisbury, Maryland.1

Last updated Oct 20, 2026.

Overview

  • IndustryState Commercial Banks1
  • HeadquartersSalisbury, Maryland1
  • Incorporated inMD2
  • Business address2245 Northwood Drive, Salisbury, Md 218012
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income3456$13.6M in 2022+148% since 2018
0$5.0M$10.0M$15.0M2018: $5.5M$5.5M20182019: $5.9M$5.9M2019+7%2020: $5.7M$5.7M2020−4%2021: $7.4M$7.4M2021+31%2022: $13.6M$13.6M2022+84%
Fiscal year2017201820192020202120222023
Interest$5.4M3$8.3M4$12.2M5$8.9M6$6.7M6
Income before tax$10.1M6$18.0M6
Income tax$2.4M3$2.6M4$1.7M5$2.2M6$4.5M6
Net income$5.5M3$5.9M4$5.7M5$7.4M6$13.6M6
Earnings per share$0.573$0.544$0.325$0.426$0.766
Earnings per share (diluted)$0.563$0.544$0.325$0.426$0.766
Shares (weighted, basic)17.8M shares618.0M shares6
Shares (weighted, diluted)17.8M shares618.0M shares6

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Corporate structure

PARTNERS BANCORP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of PARTNERS BANCORP

  • FJ Capital Management LLC Filed SC 13G/A on PARTNERS BANCORP, latest Feb 6, 2024 (2 filings since Jun 20, 2023)
  • LEHMAN KENNETH R Filed SC 13D on PARTNERS BANCORP, latest Nov 9, 2021
  • PARTNERS BANCORP Salisbury, Maryland

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What PARTNERS BANCORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$32.9M6 Dec 31, 2022$33.2M6 Dec 31, 2021−0.7%
Accumulated depreciation$18.1M6 Dec 31, 2022$17.0M6 Dec 31, 2021+6.5%
Property and equipment, net$14.9M6 Dec 31, 2022$16.2M6 Dec 31, 2021−8.1%
Finance-lease assets$1.6M6 Dec 31, 2022$1.7M6 Dec 31, 2021−8.1%
Operating-lease assets (leased space)$5.1M6 Dec 31, 2022$6.0M6 Dec 31, 2021−15.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$141.6M6 Dec 31, 2022$338.8M6 Dec 31, 2021−58.2%
Debt securities available for sale$133.7M6 Dec 31, 2022$122.0M6 Dec 31, 2021+9.5%
Loans, net of allowance$1.2B6 Dec 31, 2022$1.1B6 Dec 31, 2021+10.5%
Deposits held (banks)$1.3B6 Dec 31, 2022$1.4B6 Dec 31, 2021−7.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$9.6M6 Dec 31, 2022$9.6M6 Dec 31, 20210%
Finite-lived intangibles, net$1.5M6 Dec 31, 2022$2.1M6 Dec 31, 2021−25.2%

Leadership

Who has led PARTNERS BANCORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Lloyd B. Harrison Iii.2020–2021
  2. John W. Breda2023

President

  1. John W. Breda2020–2023

Chief financial officer

  1. James Adam Sothen2020–2023

Chief operating officer

  1. John W. Breda2020
2025
Board members and other officers (14)

Former names

  • DELMAR BANCORPAug 19, 2013 to Aug 13, 20202

Timeline

  1. Dec 1, 2023New chief executive John W. Breda becomes CEO10
  2. Dec 1, 20238-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights26
  3. Nov 16, 20238-K Other events27
  4. Nov 8, 20238-K Executive or director change; Other events28
  5. Oct 27, 20238-K Results of operations29
  6. Oct 13, 20238-K Other events30
  7. Jul 31, 20238-K Results of operations31
  8. Jul 26, 20238-K Other events32
  9. Jun 23, 20238-K Shareholder vote33
  10. May 1, 20238-K Results of operations34
  11. Apr 26, 20238-K Other events35
  12. Feb 22, 20238-K Entered a material agreement; Regulation FD disclosure; Other events36
  13. Feb 22, 20238-K Results of operations37
  14. May 5, 2020New chief executive Lloyd B. Harrison Iii. becomes CEO11

Calendar

When it reported results

  1. Oct 27, 2023Reported quarterly or annual results29
  2. Jul 31, 2023Reported quarterly or annual results31
  3. May 1, 2023Reported quarterly or annual results34
  4. Feb 22, 2023Reported quarterly or annual results37
  5. Oct 31, 2022Reported quarterly or annual results38
  6. Aug 1, 2022Reported quarterly or annual results39
  7. May 3, 2022Reported quarterly or annual results40
  8. Mar 8, 2022Reported quarterly or annual results41

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

100 filings to the SEC since October 2021: 3 annual reports, 7 quarterly reports, 32 major events, 31 insider forms, 3 large holders, 24 other. The latest 20:

  1. Feb 6, 2024SC 13G/A EDGAR
  2. Dec 11, 202315-12G PARTNERS BANCORP FORM 15 DECEMBER 11, 2023 EDGAR
  3. Dec 6, 2023S-8 POS PARTNERS BANCORP POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 DECEMBER 6, 2023 (FI EDGAR
  4. Dec 6, 2023S-8 POS PARTNERS BANCORP POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 DECEMBER 6, 2023 (FI EDGAR
  5. Dec 1, 202325-NSE EDGAR
  6. Dec 1, 20238-K EDGAR
  7. Dec 1, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  8. Dec 1, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  9. Dec 1, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  10. Dec 1, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  11. Dec 1, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  12. Dec 1, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  13. Dec 1, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. Dec 1, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  15. Dec 1, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  16. Dec 1, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  17. Dec 1, 20234 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  18. Dec 1, 2023S-4 POS PARTNERS BANCORP POST EFFECTIVE AMENDMENT NO. 1 TO FORM S-4 DECEMBER 1, 2023 EDGAR
  19. Dec 1, 2023S-8 POS PARTNERS BANCORP POST-EFFECTIVE AMENDMENT NO. 1 TO FORM S-8 DECEMBER 1, 2023 EDGAR
  20. Nov 17, 20233 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR

The 100 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

10 open-market trades by officers, directors and large owners since October 2021: 10 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 5, 2023Tamburro James A.DirectorBuy1,000$6.18$6.2KForm 4
May 3, 2023Tamburro James A.DirectorBuy150$6.50$975Form 4
Oct 1, 2021Mote Steven R.DirectorBuy264$8.33$2.2KForm 4
Oct 1, 2021Granger Mark L.DirectorBuy348$8.33$2.9KForm 4
Oct 1, 2021Clarke Michael WDirectorBuy360$8.33$3.0KForm 4
Oct 1, 2021Albertine Mona D.DirectorBuy408$8.33$3.4KForm 4
Oct 1, 2021Wheatley Robert C.DirectorBuy534$8.33$4.4KForm 4
Oct 1, 2021Turner Jeffrey F.DirectorBuy960$8.33$8.0KForm 4
Oct 1, 2021Tamburro James A.DirectorBuy469$8.33$3.9KForm 4
Oct 1, 2021Snead George P.DirectorBuy469$8.33$3.9KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How PARTNERS BANCORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPARTNERS BANCORP1
  • CIK0000832090
  • Employer ID (EIN)52-15595351
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inMaryland1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address2245 Northwood Drive, Salisbury, MD 218011
  • Phone410-548-11001
  • Shares outstanding17,985,577 as of Nov 9, 20239
  • Public float$89.5M as of Jun 30, 20226
  • On EDGAR sinceAug 19, 20131
  • Filings203 in all: 8-K (57), 4 (48), 10-Q (14), 3 (14), 425 (12), DEFA14A (8), CORRESP (5), 10-K (4)1
    All 35 form types

    3/A (3), S-4/A (3), S-8 (3), S-8 POS (3), UPLOAD (3), 1-A/A (2), 8-K/A (2), DEF 14A (2), DEFM14A (2), 1-A (1), 1-Z (1), 10-K/A (1), 10-Q/A (1), 15-12G (1), 25-NSE (1), 424B3 (1), 5 (1), 8-A12B (1), CERT (1), D (1), EFFECT (1), QUALIF (1), S-4 (1), S-4 POS (1), SC 13D (1), SC 13G (1), SC 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 29, 2023
    Quarterly report (10-Q) Nov 9, 2023
    Proxy statement (DEF 14A) Nov 2, 2022
    Latest 8-K (8-K) Dec 1, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

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