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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