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Bayvanguard Bank

Sparrows Point, MD · Cert 32527 · BV Financial Inc.

State charter, non-member · FDIC · 12 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks under $1B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks under $1B in assets (n=581 to 629). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

83

Q2 2024Q2 2026peer median (50)

Asset Quality

58

Q2 2024Q2 2026peer median (50)

Profitability

53

Q2 2024Q2 2026peer median (50)

Liquidity

0

Q2 2024Q2 2026peer median

Efficiency

55

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Bayvanguard Bank

Sparrows Point, MD · Cert 32527 · BV Financial Inc.

State charter, non-member · FDIC · 12 branches

Q2 2026

$868.7MAssets
$710.4MLoans
$689.1MDeposits
$162.6MEquity
Loan mix
96%RE $694.4M2%C&I $15.1M2%Consumer $14.4MQ2 2025Q2 2026
Deposit mix
79%Interest-bearing $546.4M21%Noninterest $142.8MQ2 2025Q2 2026

NIM

5.12%Q2 ’245.36%Q2 ’255.44%Q2 ’260%+1%

Non-interest income vs. expense

2.19%Q2 ’242.65%Q2 ’252.88%Q2 ’26+23%+12%

Market Position · Baltimore-Columbia-Towson, MD · 2026 SOD (annual) · 0.4% share · #20 of 40 inst. · $0.4B of $106.1B

0.8% Baltimore
28.7% Dorchester
5.0% Talbot
0.2% Baltimore (City)

Executive Summary

  • Earnings: ROA of 1.01%, down 19 bps year over year; NIM at 4.17%.
  • Asset quality: problem loans at 0.48% of loans (-10 bps YoY), with net recoveries of 0.01%.
  • Capital: tier 1 leverage ratio of 17.13%, down 262 bps from a year ago.
  • Funding: loans stand at 103.08% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.01%-19 bps YoY

Net Interest Margin (YTD, annualized)

4.17%+2 bps YoY

Efficiency Ratio (YTD, annualized)

66.00%+582 bps YoY

Tier 1 Leverage Ratio

17.13%-262 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.20%1.40%1.61%0.46%1.01%-19 bps
Return on Equity5.82%6.75%8.02%2.58%5.57%-25 bps
Net Interest Margin4.15%4.22%4.24%4.02%4.17%+2 bps
Efficiency Ratio60.18%58.67%56.02%78.71%66.00%+582 bps
Non-Interest Burden2.37%2.34%2.23%3.09%2.66%+29 bps
Growth
Asset Growth (YoY)1.37%1.98%-0.12%-1.37%-3.54%-491 bps
Loan Growth (YoY)6.98%7.62%2.28%-1.97%-5.45%-1,243 bps
Deposit Growth (YoY)0.56%0.69%0.43%-1.16%-0.86%-142 bps
Asset Quality
Nonperforming Loans / Loans0.58%0.47%0.30%0.35%0.48%-10 bps
Net Charge-Offs / Loans-0.01%-0.01%-0.01%-0.01%-0.01%0 bps
Allowance / Loans1.22%1.10%0.85%0.87%0.87%-34 bps
Allowance Coverage of NPLs2.1x2.3x2.9x2.5x1.8x-0.3x
Capital
Tier 1 Leverage Ratio19.75%19.97%16.44%16.81%17.13%-262 bps
Total Risk-Based Capital25.70%26.75%22.06%22.20%23.34%-236 bps
Equity / Assets20.87%21.10%17.74%17.96%18.72%-216 bps
Liquidity & Funding
Loans / Deposits108.09%108.47%109.47%107.10%103.08%-500 bps
Liquid Assets / Assets6.35%7.02%6.18%8.14%7.58%+124 bps
CRE / Total Capitaln/a243%296%289%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Bayvanguard Bank

Sparrows Point, MD · Cert 32527 · Peer group: banks under $1B in assets (n=581-629) · BV Financial Inc.

State charter, non-member · FDIC · 12 branches

Q2 2026

$868.7MAssets
$710.4MLoans
$689.1MDeposits
$162.6MEquity

Executive Summary

  • Strongest standing: equity / assets outperforms 86% of banks under $1B in assets (rank 85 of 629).
  • Widest gap: return on equity trails 74% of banks under $1B in assets (rank 467 of 629).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.04%

Rank 306 of 629

Net Interest Margin

4.17%

Rank 121 of 629

Efficiency Ratio

66.46%

Rank 284 of 629

Equity / Assets

18.72%

Rank 85 of 629

Non-interest income vs. expense

$2.0M$25.7MINCOMEEXPENSE
Unfavorable gap of $23.7M · efficiency ratio beats 55% of banks under $1B in assets
Bank 66.46%Peer median 67.8%Q1 2025Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.04%0.60%1.01%1.45%Beats 51%306 / 629
Return on Equity5.53%5.38%9.30%13.28%Beats 26%467 / 629
Net Interest Margin4.17%3.03%3.54%4.05%Beats 81%121 / 629
Efficiency Ratio66.46%58.35%67.79%79.08%Beats 55%284 / 629
Asset Quality
Nonperforming Loans / Loans0.48%0.09%0.46%1.20%Beats 49%299 / 581
Net Charge-Offs / Loans0.00%n/a0.01%0.06%Beats 67%195 / 581
Capital
Tier 1 Capital Ratio22.40%11.24%13.84%18.77%Beats 81%118 / 629
Total Risk-Based Capital Ratio23.34%11.58%14.43%19.66%Beats 82%116 / 629
Equity / Assets18.72%9.09%10.65%13.80%Beats 86%85 / 629
Liquidity & Funding
Loans / Deposits103.08%67.24%80.90%93.48%90th pctl62 / 594
Loans / Assets81.77%53.31%67.71%78.15%86th pctl91 / 629
Brokered Deposits / Depositsn/aNot reported for this institution