Maryland Financial Institutions Section 5-203

      (a)      The Commissioner shall impose annual assessments on each banking institution as provided in this section, to cover the expense of regulating banking institutions.

      (b)      (1)      The Commissioner shall assess each banking institution the sum of:

                  (i)      $1,000; plus

                  (ii)      8 cents for each $1,000 of the assets of the institution over $1,000,000.

            (2)      The assessments shall be based on assets stated in a banking institution's most recent financial report.

      (c)      A banking institution shall pay the assessment imposed under this section to the Commissioner on or before the February 1 after it is imposed.