Company Quick10K Filing
Bay Banks of Virginia
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 13 $105
10-K 2020-03-06 Annual: 2019-12-31
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-08 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-03-08 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-14 Quarter: 2018-06-30
10-Q 2018-05-11 Quarter: 2018-03-31
10-K 2018-04-09 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-15 Quarter: 2017-03-31
10-K 2017-03-22 Annual: 2016-12-31
10-Q 2016-11-14 Quarter: 2016-09-30
10-Q 2016-08-10 Quarter: 2016-06-30
10-Q 2016-05-13 Quarter: 2016-03-31
10-K 2016-03-28 Annual: 2015-12-31
10-Q 2015-11-12 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-08 Quarter: 2015-03-31
10-K 2015-03-25 Annual: 2014-12-31
10-Q 2014-11-13 Quarter: 2014-09-30
10-Q 2014-08-11 Quarter: 2014-06-30
10-Q 2014-05-13 Quarter: 2014-03-31
10-K 2014-03-28 Annual: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-08-14 Quarter: 2013-06-30
10-Q 2013-05-14 Quarter: 2013-03-31
10-K 2013-03-28 Annual: 2012-12-31
10-Q 2012-11-13 Quarter: 2012-09-30
10-Q 2012-08-14 Quarter: 2012-06-30
10-Q 2012-05-14 Quarter: 2012-03-31
10-K 2012-03-28 Annual: 2011-12-31
10-Q 2011-11-10 Quarter: 2011-09-30
10-Q 2011-08-12 Quarter: 2011-06-30
10-Q 2011-05-12 Quarter: 2011-03-31
10-K 2011-03-22 Annual: 2010-12-31
10-Q 2010-11-05 Quarter: 2010-09-30
10-Q 2010-08-06 Quarter: 2010-06-30
10-Q 2010-05-06 Quarter: 2010-03-31
10-K 2010-03-30 Annual: 2009-12-31
8-K 2020-01-28 Other Events, Exhibits
8-K 2020-01-28 Earnings, Exhibits
8-K 2020-01-02 Other Events, Exhibits
8-K 2019-11-13 Other Events, Exhibits
8-K 2019-11-12 Other Events, Exhibits
8-K 2019-10-29 Earnings, Exhibits
8-K 2019-10-18 Other Events, Exhibits
8-K 2019-10-09 Officers
8-K 2019-10-07 Enter Agreement, Off-BS Arrangement, Regulation FD, Other Events, Exhibits
8-K 2019-09-05 Other Events, Exhibits
8-K 2019-07-30 Earnings, Exhibits
8-K 2019-05-20 Shareholder Vote
8-K 2019-05-13 Other Events, Exhibits
8-K 2019-04-30 Earnings, Exhibits
8-K 2019-04-08 Officers
8-K 2019-02-06 Earnings, Exhibits
8-K 2019-01-29 Other Events, Exhibits
8-K 2018-12-03 Other Events, Exhibits
8-K 2018-11-06 Other Events, Exhibits
8-K 2018-10-30 Earnings, Exhibits
8-K 2018-10-29 Other Events, Exhibits
8-K 2018-09-25 Officers, Amend Bylaw, Exhibits
8-K 2018-09-04 Other Events, Exhibits
8-K 2018-08-01 Earnings, Exhibits
8-K 2018-07-06 Other Events, Exhibits
8-K 2018-06-11 Shareholder Vote
8-K 2018-05-09 Earnings, Exhibits
8-K 2018-03-28 Other Events, Exhibits
8-K 2018-03-27 Earnings, Exhibits
8-K 2018-03-22 Other Events, Exhibits
8-K 2018-03-12 Officers, Amend Bylaw, Exhibits
8-K 2018-03-02 Other Events, Exhibits
8-K 2018-02-08 Other Events, Exhibits
8-K 2018-01-31 Other Events, Exhibits

Bay Banks of Virginia Financials

BAYK Metrics, Comps, Filings

Annual | Quarterly

Business

Bay Banks of Virginia, Inc. (the "Company") is a Virginia corporation and bank holding company that conducts substantially all of its operations through its subsidiaries, Virginia Commonwealth Bank (the "Bank" or "VCB") and VCB Financial Group, Inc. (the "Financial Group" or "VCBFG"). The Bank opened for business in 1930 as Bank of Lancaster and has partnered with the communities it serves to deliver banking and financial services since its organization.

The Bank is a state-chartered bank, headquartered in Richmond, Virginia, and a member of the Federal Reserve System. The Bank has 19 banking offices, including one loan production office, located throughout the Northern Neck and Middle Peninsula areas of Virginia, the greater Richmond area of central Virginia, and Suffolk and Virginia Beach in the Hampton Roads area of eastern Virginia. The Bank serves businesses, professionals, and consumers with a wide variety of financial services, including retail and commercial banking, and mortgage banking. Products include checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, individual retirement accounts, commercial and industrial loans, residential mortgages, commercial mortgages, home equity loans, consumer installment loans, investment accounts, insurance, credit cards, online banking, telephone banking, and mobile banking. A substantial amount of the Bank's deposits are interest bearing, and the majority of the Bank's loan portfolio is secured by real estate. Deposits of the Bank are insured by the Deposit Insurance Fund of the Federal Deposit Insurance Corporation (the "FDIC").

On April 1, 2017, the Company completed a merger with Virginia BanCorp Inc. ("Virginia BanCorp"), a bank holding company conducting substantially all of its operations through its subsidiary, Virginia Commonwealth Bank (the "Merger"). The Company was the surviving corporation, and former shareholders of Virginia BanCorp received 1.178 shares of the Company's common stock for each share of Virginia BanCorp common stock they owned for a total issuance of 4,586,221 shares of the Company's stock valued at approximately $42.2 million at the time of closing. After the completion of the Merger, the Company's legacy shareholders owned approximately 51% of the outstanding stock of the Company and Virginia BanCorp's former shareholders owned approximately 49% of the outstanding stock of the Company. After the Merger was completed, Virginia BanCorp's subsidiary bank was merged with and into Bank of Lancaster, which changed its name to Virginia Commonwealth Bank


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Sears Holdings (SHLD) 110 19% -3.7 -5% 33,110 35,625 13,191 2,568 -1,700 -611 2,291
Liquidmetal Technologies (LQMT) 110 -73% -11.1 -19% 43 1 1 -1 -8 -7 78
CSB Bancorp (CSBB) 110 3.3 1% 750 669 0 0 10 16 52
Eagle Financial Services (EFSI) 108 6.4 1% 834 741 0 0 9 14 90
Consumer Capital Group (CCGN) 106 87% -26.4 -195% 2 11 2 2 -4 -4 106
Invesco CurrencyShares Australian Dollar Trust (FXA) 106 0% -34.7 1% 102 0 2 0 1 1 -39
Bay Banks of Virginia (BAYK) 105 3.8 0% 1,094 972 0 0 5 21 81
Epsilon Energy (EPSN) 103 0% 11.2 6% 93 19 7 0 5 8 86
First National (FXNC) 103 0% 4.7 1% 778 706 4 0 9 17 80
UTG (UTGN) 103 0% 3.0 4% 419 291 46 0 16 26 78
Cortland Bancorp (CLDB) 101 5.7 1% 691 620 0 0 7 14 77
Zoned Properties (ZDPY) 101 0% 389.6 -2% 8 2 1 0 -0 0 102
Mobiquity Technologies (MOBQ) 100 44% -3.4 -148% 21 10 5 2 -30 -29 99
Juniata Valley Financial (JUVF) 100 11.6 1% 662 590 0 0 6 10 119
INmune Bio (INMB) 99 -21.4 -15% 28 1 0 0 -4 -4 90
Imageware Systems (IWSY) 99 81% -7.2 -93% 14 8 4 3 -13 -13 92
Juniper Pharmaceuticals (JNP) 99 41% 49.7 -1% 68 19 56 23 -1 2 81
Newbridge Global Ventures (NBGV) 99 0% -24.8 -28% 15 3 0 0 -4 -4 99
Nuvera Communications (NUVR) 99 0% 5.0 6% 163 30 63 0 10 30 152
Hash Labs (HLAB) 98 -0% -19.2 -946% 1 1 -0 0 -5 -5 98

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash557215127
Accounts Receivable
Inventory
PP&E120231212111818
Assets31541384048509711,081
Accounts Payable
Long-Term Debt
Liabilities28742943518445856963
Stockholders' Equity283737394042115117
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A10
Tax-00001011
Net Income011203-14
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating2444-1447
Cash Investing12-4-1-55-60-110-139
Cash Financing-139-456728145107