Bay Banks Of Virginia Inc (BAYK) Financial Statements (2024 and earlier)

Company Profile

Business Address 1801 BAYBERRY COURT
RICHMOND, VA 23226
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2020
MRQ
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 43,20830,41251,36716,56820,29920,965
Cash and cash equivalents 43,20830,41251,36716,56820,29920,965
Total current assets: 43,20830,41251,36716,56820,29920,965
Noncurrent Assets
Operating lease, right-of-use asset 4,285
Property, plant and equipment 20,14118,16917,86610,84411,64611,882
Intangible assets, net (including goodwill) 12,82713,54414,3642,8082,8082,808
Goodwill 10,37410,37410,3742,8082,8082,808
Intangible assets, net (excluding goodwill) 2,4533,1703,990   
Total noncurrent assets: 37,25331,71332,23013,65214,45414,690
Other undisclosed assets 1,051,4621,018,492886,959456,490421,543354,831
TOTAL ASSETS: 1,131,9231,080,617970,556486,710456,296390,486
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 6,5256,0899,49818,3107,1616,012
Total current liabilities: 6,5256,0899,49818,3107,1616,012
Noncurrent Liabilities
Other undisclosed liabilities 999,213957,052846,504426,695409,566345,236
Total liabilities: 1,005,738963,141856,002445,005416,727351,248
Equity
Equity, attributable to parent, including: 126,185117,476114,55441,70539,56939,238
Common stock 66,30966,00866,01823,87423,87424,089
Additional paid in capital 36,65836,97237,1422,8722,8122,777
Accumulated other comprehensive income (loss) 83(1,327)(1,156)(1,235)(776)(921)
Retained earnings 24,66017,55713,67916,19413,65913,293
Other undisclosed equity, attributable to parent (1,525)(1,734)(1,129)   
Total equity: 126,185117,476114,55441,70539,56939,238
TOTAL LIABILITIES AND EQUITY: 1,131,9231,080,617970,556486,710456,296390,486

Income Statement (P&L) ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 50,41743,80336,20920,57218,73817,267
Net investment income 50,41843,80333,70017,93616,25314,132
Financial services revenue2,5092,6362,4853,135
Cost of revenue (1,182)(1,351)(4,934)(287)(1,597)(846)
Provision for loan, lease, and other losses (1,182)(1,351)
Financial services costs(4,934)(287)(1,597)(846)
Gross profit: 49,23542,45231,27520,28517,14116,421
Operating expenses (5,515)(6,594)(20,470)(10,574)(10,265)(8,692)
Other operating expense, net      (131)
Operating income: 43,72035,85810,8059,7116,8767,598
Nonoperating income 481497370357369152
Investment income, nonoperating   7445688
Gains (losses) on sales of other real estate   23(74)(107)(92)
Bank owned life insurance income 481497473274247219
Mortgage servicing rights (msr) impairment (recovery)   4136217
Interest and debt expense (15,085)(10,225)(6,001)(3,525)(3,034)(2,197)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (3,166)
Income from continuing operations before equity method investments, income taxes: 29,11626,1305,1746,5434,2112,387
Other undisclosed loss from continuing operations before income taxes (20,409)(21,719)(5,649)(3,042)(4,032) 
Income (loss) from continuing operations before income taxes: 8,7074,411(475)3,5011792,387
Income tax expense (benefit) (1,649)(533)(797)(966)187(557)
Income (loss) from continuing operations: 7,0583,878(1,272)2,5353661,830
Income (loss) before gain (loss) on sale of properties:7,0583,878(1,272)2,5353661,830
Net income (loss) available to common stockholders, diluted: 7,0583,878(1,272)2,5353661,830

Comprehensive Income ($ in thousands)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 7,0583,878(1,272)2,5353661,830
Other comprehensive income (loss) 2,137(966)26787145252
Comprehensive income (loss): 9,1952,912(1,005)2,6225112,082
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (727)795 (546)  
Comprehensive income (loss), net of tax, attributable to parent: 8,4683,707(1,005)2,0765112,082

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: