Bay Community Bank in Newport News, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 2008

  • Bay Community Bank in Newport News, Virginia (VA)
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Bay Community Bank - Overview

  • General
  • FDIC Certificate #: 34933
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Union Bank and Trust Company (#11579)
    Federal Reserve ID: 2736442
    Date Established: Febuary 11, 1999
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 62052
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 11, 1999
    Last Structure Change Effective Date: November 01, 2008
    Last Structure Change Process Date: December 03, 2008
    Last Data Update: December 03, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 603 Pilot House Drive, Newport News, VA 23606
    County: Newport News City
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Norfolk-Virginia Beach-Newport News, VA-NC (#5720)
    Core Based Statistical Area (CBSA): Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
    CBSA Metro Statistical Area: Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
  • Financial Summary
  • Total assets: $148.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2007)

  • Dollar figures in thousands
  • 23Total employees (full-time equivalent)
  • $130,574Total assets
  • $2,967Cash and due from depository institutions
  • $56Interest-bearing balances
  • $10,861Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $109,058Net loans & leases
  • $976Loan loss allowance
  • $0Trading account assets
  • $2,734Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $1,007Life insurance assets
  • $4,954All other assets
  • $130,574Total liabilities and capital
  • $120,406Total liabilities
  • $74,722Total deposits
  • $62,638Interest-bearing deposits
  • $74,722Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $15,335Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $30,000Other borrowed funds
  • $0Subordinated debt
  • $349All other liabilities
  • $10,168Total equity capital
  • $10,168Total bank equity capital
  • $10,168Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $5,000Undivided profits
  • Memoranda
  • $3,168Noncurrent loans and leases
  • $32,502Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9Earning assets
  • $0Long-term assets (5+ years)
  • $549Average Assets, year-to-date
  • $119,975Average Assets, quarterly
  • $42,650Volatile liabilities
  • $122,423Insider loans
  • $128,046FHLB advances
  • $33,900Loans and leases held for sale
  • $5,857Unused loan commitments
  • $30,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $32,502Total unused commitments
  • $0Restructured Loans and leases
  • $976Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $8,358Total interest income
  • $4,293Total interest expense
  • $4,065Net interest income
  • $69Provision for loan and lease losses
  • $299Total noninterest income
  • $0Fiduciary activities
  • $185Service charges on deposit accounts
  • $0Trading account gains & fees
  • $114Additional noninterest income
  • $3,460Total noninterest expense
  • $1,272Salaries and employee benefits
  • $589Premises and equipment expense
  • $1,599Additional noninterest expense
  • $835Pre-tax net operating income
  • $2Securities gains (losses)
  • $261Applicable income taxes
  • $576Income before extraordinary items
  • $0Extraordinary gains - net
  • $576Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $7Sale, conversion, retirement of capital stock, net
  • $247Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.45%Yield on earning assets
  • 3.83%Cost of funding earning assets
  • 3.62%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 3.08%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.68%Pretax return on assets
  • 5.81%Return on equity (ROE)
  • 3.32%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 985.71%Credit loss provision to net charge-offs
  • 129.14%Efficiency ratio
  • 79,285Assets per employee
  • 5.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.88%Loss allowance to loans
  • 0.89%Loss allowance to noncurrent loans
  • 10844.44%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.01%Net loans and leases to deposits
  • 145.95%Net loans and leases to core deposits
  • 194.20%Equity capital to assets
  • 7.79%Core capital (leverage) ratio
  • 7.98%Tier 1 risk-based capital ratio
  • 9.36%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $122,423Average earning assets
  • $9,908Average equity
  • $112,174Average loans

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