Baybank

104 South Tenth Street
Gladstone, MI 49837

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 1092
Date Established 1912
Assets $0.09 billion
Loans $0.06 billion
Deposits $0.08 billion
Capital $0.01 billion

Baybank is an FDIC insured institution located in Gladstone, MI. It was founded in 1912 and has approximately $0.09 billion in assets. Customers can open an account at one of its 3 branches.

For a more detailed analysis of Baybank'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 Baybank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Michigan, Baybank has a significantly higher percent of Credit Card Loans, Commercial and Industrial Loans 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 34.84
Multifamily
Mortgages
0.00
Credit Card Loans 0.12
Consumer Auto Loans 2.64
Small Business Loans 0.00
Construction and Development Loans 3.29
Commercial Real Estate 21.96
Commercial and Industrial Loans 28.83
Farm Loans 0.00

Deposit Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.15% $500 - Learn MoreShow Less
6 Mo CD 10K
0.50% $500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.70% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.80% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $500 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Baybank 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


Baybank Locations

Financial Details

Baybank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Baybank. 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
Baybank U.S. Bank Average
14.89% 8.32%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2017, Baybank had $729,000 in non-current loans and $701,000 in owned real estate. To cover these potential losses it had $8,969,000 in equity and $636,000 in loans loss reserves. That gives it a Texas Ratio of 14.89%.

Return on Equity
Baybank U.S. Bank Average
8.58% 8.84%

Baybank has a Return on Equity of 8.58% versus the BestCashCow average of 8.84%. 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
Baybank U.S. Bank Average
9.93% 12.21%

Baybank has a Capitalization of 9.93% versus the BestCashCow average of 12.21. 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.

Baybank Balance Sheet Analysis

As of September 30, 2017, Baybank had assets of $90,279,000, loans of $60,090,000, and deposits of $76,847,000. 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 Baybank

Branches and Savings

Is Baybank FDIC insured?

Yes. It is covered under FDIC Certificate #1092.

Why does Baybank pay such low interest on savings accounts?

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

Why are Baybank CD rates not competitive?

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

Is Baybank a commercial bank?

Yes

Where are Baybank locations?

See branch locations nearby.

Is Baybank open on Saturdays?

Is Baybank open on Sundays?

What time does Baybank open?

What time does Baybank close?

Are Baybank ATMs Open 24/7?

Do Baybank ATMs accept cash deposits?

Can Baybank customers use other ATMs?

Do Baybank branches have notaries?

Will Baybank notarize my document?

What address for Baybank should I put for incoming ACH transfers?

Will the Baybank branch print checks?

Do Baybank checks expire?

Does Baybank require US citizenship to open account?

Can Baybank close my account?

Does Baybank Report to credit bureaus?

Does Baybank Use Equifax?

What is Baybank's ACH Routing Number?

What is Baybank's SWIFT code?

Products

Does Baybank offer mortgages?

Compare mortgage rates here.

Does Baybank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Baybank offer personal loans?

Compare personal loan rates here.

Does Baybank offer student loans?

Will Baybank cash a check?

Will Baybank redeem a savings bond?

Does Baybank cash savings bonds?

Will Baybank cash money orders?

Can Baybank issue a money order?

Does Baybank do currency exchange?

Background on The Bank

Who owns Baybank?

How long has Baybank been around?

Can Baybank transfer to other banks?

Does Baybank have quick pay?

Does Baybank accept rolled coins?

Will Baybank accept loose change?

Where is Baybank headquarters?

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