BLMT Description — BSB Bancorp Inc. (MD)
BSB Bancorp is a holding company. Through its subsidiary, Belmont Savings Bank, Co. is engaged in the business of accepting deposits from the general public, businesses, nonprofit organizations and municipalities and investing those deposits, together with funds generated from operations and borrowings, in one-to-four family residential mortgage loans, commercial real estate loans, multi-family real estate loans, home equity lines of credit, indirect automobile loans (automobile loans assigned to Co. by automobile dealerships), commercial business loans, construction loans and investment securities. At Dec 31 2017, Co. had total assets of $2.68 billion and total deposits of $1.75 billion.