Bay Bank

6140 Airport Blvd
Mobile, AL 36695

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34872
Date Established 1999
Assets $0.08 billion
Loans $0.04 billion
Deposits $0.06 billion
Capital $0.01 billion

Bay Bank is an FDIC insured institution located in Mobile, AL. It was founded in 1999 and has approximately $0.08 billion in assets.

For a more detailed analysis of Bay Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bay Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and 1-4 Family Residential Loans.

Compared to other banks in Alabama, Bay Bank has a significantly higher percent of Small Business Loans, Construction and Development Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 28.20
Multifamily
Mortgages
1.54
Credit Card Loans 0.00
Consumer Auto Loans 0.14
Small Business Loans 36.19
Construction and Development Loans 20.99
Commercial Real Estate 37.33
Commercial and Industrial Loans 10.63
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bay Bank, but see these great savings and CD rates:


Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bay Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More
Rocket Mortgage
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bay Bank
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Branches

Bay Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Bay Bank Locations

Financial Details

Bay Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bay Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bay Bank U.S. Bank Average
17.01% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bay Bank had $456,000 in non-current loans and $652,000 in owned real estate. To cover these potential losses it had $5,693,000 in equity and $822,000 in loans loss reserves. That gives it a Texas Ratio of 17.01%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bay Bank U.S. Bank Average
-7.55% 8.58

Bay Bank has a Return on Equity of -7.55% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bay Bank U.S. Bank Average
7.3% 12.11

Bay Bank has a Capitalization of 7.3% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bay Bank Balance Sheet Analysis

As of June 30, 2014, Bay Bank had assets of $78,005,000, loans of $42,467,000, and deposits of $59,072,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About Bay Bank

Branches and Savings

Is Bay Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34872.

Why does Bay Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bay Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bay Bank a commercial bank?

Yes

Where are Bay Bank locations?

See branch locations nearby.

Is Bay Bank open on Saturdays?

Is Bay Bank open on Sundays?

What time does Bay Bank open?

What time does Bay Bank close?

Are Bay Bank ATMs Open 24/7?

Do Bay Bank ATMs accept cash deposits?

Can Bay Bank customers use other ATMs?

Do Bay Bank branches have notaries?

Will Bay Bank notarize my document?

What address for Bay Bank should I put for incoming ACH transfers?

Will the Bay Bank branch print checks?

Do Bay Bank checks expire?

Does Bay Bank require US citizenship to open account?

Can Bay Bank close my account?

Does Bay Bank Report to credit bureaus?

Does Bay Bank Use Equifax?

What is Bay Bank's ACH Routing Number?

What is Bay Bank's SWIFT code?

Products

Does Bay Bank offer mortgages?

Compare mortgage rates here.

Does Bay Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bay Bank offer personal loans?

Compare personal loan rates here.

Does Bay Bank offer student loans?

Will Bay Bank cash a check?

Will Bay Bank redeem a savings bond?

Does Bay Bank cash savings bonds?

Will Bay Bank cash money orders?

Can Bay Bank issue a money order?

Does Bay Bank do currency exchange?

Background on The Bank

Who owns Bay Bank?

How long has Bay Bank been around?

Can Bay Bank transfer to other banks?

Does Bay Bank have quick pay?

Does Bay Bank accept rolled coins?

Will Bay Bank accept loose change?

Where is Bay Bank headquarters?

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