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Bay Bank, FSB

Lutherville Timonium, MD · Cert 59004

FDIC · 12 branches

Q1 2018

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2018, the quarter ended March 31, 2018, on both parts.

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

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

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

Bay Bank, FSB

Lutherville Timonium, MD · Cert 59004

FDIC · 12 branches

Q1 2018

$656.4MAssets
$549.8MLoans
$548.0MDeposits
$72.0MEquity
Loan mix
81%RE $344.9M18%C&I $76.5M1%Consumer $2.6MQ1 2017Q1 2018
Deposit mix
77%Interest-bearing $419.4M23%Noninterest $128.7MQ1 2017Q1 2018

NIM

4.28%Q1 ’164.09%Q1 ’174.45%Q1 ’18-6%+8%

Non-interest income vs. expense

4.38%Q1 ’163.24%Q1 ’173.22%Q1 ’18-33%+7%

Market Position · Baltimore-Columbia-Towson, MD · 2017 SOD (annual) · 0.7% share · #15 of 56 inst. · $0.5B of $72.3B

1.7% Baltimore
1.3% Howard
0.3% Baltimore (City)
0.3% Anne Arundel

Executive Summary

  • Earnings: ROA of 0.89%, up 27 bps year over year; NIM at 4.07%.
  • Asset quality: problem loans at 1.72% of loans (-131 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 10.62%, up 29 bps from a year ago.
  • Funding: loans stand at 100.32% of deposits as of Q1 2018.

Financial Results

Return on Assets (YTD, annualized)

0.89%+27 bps YoY

Net Interest Margin (YTD, annualized)

4.07%+29 bps YoY

Efficiency Ratio (YTD, annualized)

67.10%-100 bps YoY

Tier 1 Leverage Ratio

10.62%+29 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2017Q2 2017Q3 2017Q4 2017Q1 2018YoY ΔTrend
Earnings
Return on Assets0.62%0.71%0.95%0.81%0.89%+27 bps
Return on Equity5.94%6.78%8.96%7.65%8.19%+225 bps
Net Interest Margin3.77%3.89%3.89%3.92%4.07%+29 bps
Efficiency Ratio68.10%66.20%61.35%62.96%67.10%-100 bps
Non-Interest Burden2.46%2.41%2.08%2.21%2.63%+17 bps
Growth
Asset Growth (YoY)36.63%30.32%7.45%6.21%3.66%-3,297 bps
Loan Growth (YoY)23.89%21.28%8.33%11.18%10.83%-1,307 bps
Deposit Growth (YoY)43.85%47.83%3.26%8.87%4.10%-3,975 bps
Asset Quality
Nonperforming Loans / Loans3.03%2.54%1.89%1.97%1.72%-131 bps
Net Charge-Offs / Loans0.08%0.07%0.01%0.06%0.05%-4 bps
Allowance / Loans0.64%0.70%0.77%0.76%0.80%+16 bps
Allowance Coverage of NPLs0.2x0.3x0.4x0.4x0.5x+0.3x
Capital
Tier 1 Leverage Ratio10.34%10.44%10.53%10.54%10.62%+29 bps
Total Risk-Based Capital12.88%12.82%13.01%12.85%12.81%-6 bps
Equity / Assets10.50%10.56%10.86%10.78%10.98%+47 bps
Liquidity & Funding
Loans / Deposits94.23%95.45%95.52%94.76%100.32%+609 bps
Liquid Assets / Assets5.92%5.29%5.13%3.46%3.03%-289 bps
CRE / Total Capitaln/an/an/an/an/an/an/a