Bay Bank, FSB in Lutherville, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Bay Bank, FSB in Lutherville, Maryland (MD)
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Bay Bank, FSB - Overview

  • General
  • FDIC Certificate #: 59004
    Status: Active
    Federal Reserve ID: 4155841
    Date Established: July 09, 2010
    WWW: http://www.baybankmd.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 18140
    FDIC's unique #: 494732
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 09, 2010
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2328 West Joppa Road Suite 325, Lutherville, MD 21093
    County: Baltimore
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Baltimore
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Baltimore, MD (#720)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Baltimore-Towson, MD (#12580)
    CBSA Metro Statistical Area: Baltimore-Towson, MD (#12580)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $129.8 mil
    Equity capital: $29.4 mil
    Deposits held in domestic offices: $99.9 mil
    Return on assets (ROA): 0.63% ($0.8 mil)
    Quarterly return on assets: 1.15% ($1.5 mil)
    Return on Equity (ROE): 2.90% ($0.8 mil)
    Quarterly return on equity: 5.26% ($1.5 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.27% ($1,648.9 mil)
    Quarterly Pretax return on assets: 2.00% ($2,596.7 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $129,833Total assets
  • $14,784Cash and due from depository institutions
  • $13,622Interest-bearing balances
  • $14,674Securities
  • $621Federal funds sold & reverse repurchase agreements
  • $96,220Net loans & leases
  • $825Loan loss allowance
  • $0Trading account assets
  • $102Bank premises and fixed assets
  • $1,504Other real estate owned
  • $319Goodwill and other intangibles
  • $129,833Life insurance assets
  • $1,609All other assets
  • $100,453Total liabilities and capital
  • $99,895Total liabilities
  • $95,738Total deposits
  • $99,895Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $558Subordinated debt
  • $29,380All other liabilities
  • $29,380Total equity capital
  • $29,380Total bank equity capital
  • $0Perpetual preferred stock
  • $2,400Common stock
  • $22,161Surplus
  • $4,819Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,343Income earned, not collected on loans
  • $0Earning assets
  • $405Long-term assets (5+ years)
  • $125,137Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $131,639Volatile liabilities
  • $132,216Insider loans
  • $103,711FHLB advances
  • $129,190Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $28,886Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,860Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,033Total interest income
  • $701Total interest expense
  • $8,332Net interest income
  • $1,401Provision for loan and lease losses
  • $1,903Total noninterest income
  • $0Fiduciary activities
  • $36Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,867Additional noninterest income
  • $7,162Total noninterest expense
  • $4,284Salaries and employee benefits
  • $977Premises and equipment expense
  • $1,901Additional noninterest expense
  • $1,672Pre-tax net operating income
  • $0Securities gains (losses)
  • $847Applicable income taxes
  • $825Income before extraordinary items
  • $0Extraordinary gains - net
  • $825Net income attributable to bank
  • $0Net charge-offs
  • $825Cash dividends
  • $750Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.16%Yield on earning assets
  • 0.56%Cost of funding earning assets
  • 6.60%Net interest margin
  • 1.51%Noninterest income to earning assets
  • 5.67%Noninterest expense to earning assets
  • 0.63%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 2.90%Return on equity (ROE)
  • 2.90%Retained earnings to average equity (YTD only)
  • 0.81%Net charge-offs to loans
  • 186.80%Credit loss provision to net charge-offs
  • 4.10%Efficiency ratio
  • 68,608Assets per employee
  • 3.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.85%Loss allowance to noncurrent loans
  • 15.44%Noncurrent assets plus other real estate owned to assets
  • 5.27%Noncurrent loans to loans
  • 5.51%Net loans and leases to deposits
  • 96.32%Net loans and leases to core deposits
  • 102.79%Equity capital to assets
  • 22.63%Core capital (leverage) ratio
  • 22.36%Tier 1 risk-based capital ratio
  • 27.85%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $131,639Average earning assets
  • $28,404Average equity
  • $126,209Average loans

List of branches

  • 2 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0494732Bay Bank, Fsb2328 West Joppa Road Suite 325, Lutherville, MD 21093July 09, 2010Full Service Brick and Mortar
    2334433109 Poplar Hill Avenue Branch109 Poplar Hill Avenue, Salisbury, MD 21801May 26, 2000Full Service Brick and Mortar

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