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Personal Banking

Our commitment is to exceed expectations, one customer at a time.  And that's what makes Bay Bank unique - just like the customers we serve.  Read More >>

Business Banking

Our bank was built by entrepreneurs, for entrepreneurs. At Bay Bank, you will receive the responsive, personal service of a local bank combined with the strength and resources of a larger institution.  Read More >>

Mortgage Services

We believe in the simple and straightforward concept that the customer experience should be the number one priority.  Read More >>

The Bank Built by Entrepreneurs for Entrepreneurs. 

Whether we're working with a business owner or an individual managing their personal finances, we believe there is an entrepreneur in all of us. Our philosophy is to employ knowledgeable, experienced bankers who have a strong desire to partner with businesses and individuals to help them reach their financial goals. Outstanding customer experience is our hallmark. With decisions being made locally by individuals who understand the market, we can move quickly on behalf of our customers.

We are proud to be a local bank dedicated to providing the personal service of a community bank combined with a larger institution’s strength of resources. 

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Recent News View All

Columbia, Md. (September 21, 2017) Bay Bank, the bank built by entrepreneurs for entrepreneurs, announced today that Jeff Schroll has joined the company as Senior Mortgage Loan Officer.

Schroll brings over 20 years of experience to the Bay Bank team and carries a certification in Construction Loans. He began his career in 1990 as part of the consumer finance team at Norwest Financials before accepting a position in mortgage banking at Maryland National Mortgage four years later. Prior to joining Bay Bank, Schroll held positions at Sandy Spring Bank and Citizen One Home Loans located in Annapolis.

“Our ability to provide comprehensive, personalized mortgage services is one of Bay Bank’s most distinct advantages that sets us apart from larger banks,” said Director of Mortgage Banking, Kyle Becraft. “With Jeff’s extensive background and expertise within mortgage banking, we’re thrilled to have him as part of the team.”

In this role, Schroll will help expand Bay Bank’s presence in the Baltimore-Washington mortgage banking market focusing on construction permanent mortgage loans. His primary responsibilities will be to form meaningful relationships with regional builders, assist consumers with construction/permanent financing for home building and support builders with builder line financing.

“I’m eager to join the Bay Bank team as they’ve proven to be a reliable and forward-thinking financial services solution for consumers throughout the region,” said Schroll. “As we continue to grow the mortgage banking division, our customers can expect a more comprehensive range of services and personalized customer service experiences than ever before.”

Schroll received his Bachelor of Arts degree in Economics from St. Mary’s College of Maryland. Under the strategic direction of Becraft, he will be located at Bay Bank’s corporate headquarters in Columbia, Maryland.

About Bay Bank

Bay Bank, FSB is headquartered in Columbia, Maryland, and serves the community with a network of 11 branches strategically located throughout the region. Founded in 2010, the bank has quickly developed a strong reputation for its focus on being the bank built by entrepreneurs, for entrepreneurs. The bank has total assets of around $646 million. The bank’s parent company, Bay Bancorp, Inc., trades on the NASDAQ Capital Market under the ticker symbol “BYBK.” For more information, please visit www.baybankmd.com.

 

Columbia, Md. (September 6, 2017) Bay Bank, the bank built by entrepreneurs for entrepreneurs, today announced that Bryan Becraft and Jacob Gebhardt have joined the company as Relationship Management Analysts. This position was created by Bay Bank to exclusively train new employees who are interested in a professional banking career. The multi-faceted position that fuses mentorship and various certifications will engage new hires in all areas of banking and ultimately guide them on a clear career path within the industry. Becraft and Gebhardt will work under the close mentorship of Bay Bank’s Baltimore Market President, Todd Warren, and Corridor Market President, Richard Ohnmacht, respectively.

“This is the perfect role for those looking to become fully immersed in the banking world and Bay Bank’s dynamic work environment,” said Warren. “When we bring on employees and help them succeed, in turn, we are successful, as well as our clients. This position encompasses the right amount of training and mentorship to motivate and push recruits to new heights.”

As Relationship Management Analysts, Becraft and Gebhardt’s primary responsibilities include supporting and retaining client relationships, managing client portfolios, developing sales and lead generation expertise, assessing loan risk and ensuring quality assurance, among other duties. In addition, the new recruits will learn the various service level agreements and lending processes and gain exposure to different career specialties by partnering with Treasury Services and Mortgage Banking departments. The Omega and Baker Hill training programs, as well as numerous courses offered by the American Banking Association, will round out their knowledge of the industry. 

“This position not only ensures the quality of people we hire to help expand our business and deliver superior services to our clients, but also provides a clear career path for young professionals interested in learning what the banking industry has to offer,” said Ohnmacht. “We are excited to provide this level of coaching and hope to continue this program into the future.”

Becraft received his Bachelor of Science degree in Exercise Science from Towson University in 2014. Since, he has held several professional positions including Physical Therapy Technician at Evolution Sports Physiotherapy, Staffing Coordinator at Abacus Corporation and Technical Recruiter at TEKsystems.

A 2014 graduate of Towson University, Gebhardt received his Bachelor of Science degree in Accounting. During that time, he served as Treasurer for Towson University’s Men’s Lacrosse Club and was a member of Beta Alpha Psi. Upon graduation, he held the position of Financial Planning Associate at WMS Partners, LLC. Currently, Gebhardt volunteers as a coach for Charm City Lacrosse and serves on the board for the Old Line Society, a philanthropic organization catering to social and civically-minded young professionals in the Baltimore area.

Becraft will work from Bay Bank’s offices in Lutherville and Gebhardt will be located at the bank’s corporate headquarters in Columbia, Maryland.

About Bay Bank

Bay Bank, FSB is headquartered in Columbia, Maryland, and serves the community with a network of 11 branches strategically located throughout the region. Founded in 2010, the bank has quickly developed a strong reputation for its focus on being the bank built by entrepreneurs, for entrepreneurs. The bank has total assets of around $633 million. The bank’s parent company, Bay Bancorp, Inc., trades on the NASDAQ Capital Market under the ticker symbol “BYBK.”

Columbia, Md. (August 10, 2017) Bay Bank, the bank built by entrepreneurs for entrepreneurs, announced today that Jeff Aleshire has joined the company as Senior Vice President and Senior Credit Officer.

 

Aleshire comes to Bay Bank with more than 20 years of experience in the banking and residential construction industry, having held several leadership positions at BB&T, Susquehanna Bank, Provident Bank of Maryland and Signet Bank. Under the strategic direction of Chief Credit Officer, Jim Kirschner, Aleshire will be responsible for developing, reviewing and analyzing credit and financial information for the bank’s large business customers and working closely with relationship managers to shape the terms and conditions of loans to ensure high quality outcomes for clients.

 

“As trusted advisors, our clients look to us to guarantee we are helping them achieve the best possible outcome for their business,” said Kirschner. “With Jeff’s extensive knowledge and experience with real estate and the banking industry, we are confident our client’s will feel they are in good hands. We are thrilled to have him on board.”

 

Bay Bank’s recent string of new hires is part of its overarching growth strategy and continued expansion throughout the Baltimore Washington Corridor. A well-known veteran of the banking industry, Aleshire’s proven client success and background in commercial real estate furthers the bank’s ability to offer diversified solutions for its customers.

 

“Clients that partner with us are seeking long-lasting relationships to help them transform their ideas to reality,” said Aleshire. “Bay Bank has an incredible entrepreneurial spirit just like the customers it serves, and I couldn’t be more excited to be a part of the team.”

 

Aleshire has previously served as Chair of the Credit Committee for Baltimore Community Development Finance Corporation, member of the Risk Management Association and Mortgage Bankers Association and was recognized as Consultant of the Year from the Homebuilders Association of Maryland of which he previously served as a member of the Board of Directors. He received his Master of Finance from Loyola University and Bachelor of Science in Economics and Business Administration from Randolph-Macon College.

 

Aleshire will be located at Bay Bank’s corporate headquarters in Columbia, Maryland.

 

About Bay Bank

Bay Bank, FSB is headquartered in Columbia, Maryland, and serves the community with a network of 11 branches strategically located throughout the region. Founded in 2010, the bank has quickly developed a strong reputation for its focus on being the bank built by entrepreneurs, for entrepreneurs. The bank has total assets of around $633 million. The bank’s parent company, Bay Bancorp, Inc., trades on the NASDAQ Capital Market under the ticker symbol “BYBK.”

Columbia Maryland (July 24, 2017)—Bay Bancorp, Inc. (“Bay”) (NASDAQ: BYBK), the savings and loan holding company for Bay Bank, FSB (“Bank”), announced today net income increased to $1.23 million or $0.12 per basic and $0.11 per diluted common share for the second quarter of 2017 over the $0.96 million or $0.09 per basic and diluted common share recorded for the first quarter of 2017. Net income for the second quarter of 2016 was $0.45 million or $0.04 per basic and diluted common share. Bay reported net income of $2.18 million or $0.21 per basic and $0.20 per diluted common share for the first half of 2017, compared to $0.64 million or $0.06 per basic and diluted common share for the first half of 2016. Net loans increased by $14.4 million or 2.9% when compared to March 31, 2017. The Bank now has total assets exceeding $646 million and 11 branches in the Baltimore-Washington region, and is the fifth largest community bank headquartered in the Baltimore region based upon deposit market share.

Commenting on the announcement, Joseph J. Thomas, President and CEO, said, “I am gratified to see our team sustain and build upon the company’s higher level of growth and profitability in the second quarter of 2017. We grew loans and deposits at a 12% and 10% on an annualized basis, respectively, in the three-month period ending June 30, 2017. Along with the organic growth, our low cost core deposit funding and improved operational efficiencies drove the company’s net income before taxes to $1.97 million, a 28% increase over the $1.54 million recorded for the quarter ended March 31, 2017. We are also able to improve asset quality through resolutions of acquired loans and our nonperforming assets decreased 36% on an annualized basis to $14.6 million at June 30, 2017 from $16.1 million at March 31, 2017. With higher levels of profitability, excess capital and strong asset quality, we are well positioned to execute our ongoing growth plan as the bank built by entrepreneurs for entrepreneurs.”

Highlights from the First Six Months of 2017

The Bank continued organic net growth in the second quarter of 2017. Net loan growth was favorable and targeted core deposit growth was strong. Planned declines in certificate of deposit balances following the successful closing of Bay’s merger with Hopkins Bancorp, Inc. and the related merger of Hopkins Federal Savings Bank into the Bank (collectively, the “Hopkins Merger”) led to an attractive 0.39%cost of funds for the second quarter of 2017. Bay has strong liquidity and capital positions along with capacity for future growth, with total regulatory capital to risk weighted assets of approximately 12.82% at June 30, 2017. The Bank has a record of success in acquisitions and acquired problem asset resolutions and had $7.3 million in remaining net purchase discounts on acquired loan portfolios at June 30, 2017.

Specific highlights are listed below:

• Return on average assets for the three-month period ended June 30, 2017 was 0.78% as compared to 0.63% and 0.38% for the three-month periods ended March 31, 2017 and June 30, 2016, respectively, and return on average equity for the three-month period ended June 30, 2017 was 7.4%, as compared to 5.9% and 2.7% for the three-month periods ended March 31, 2017 and June 30, 2016, respectively.

• With consistent organic growth, total assets were $646 million at June 30, 2017 compared to $633 million at March 31, 2017 and $496 million at June 30, 2016.

• Total loans were $510 million at June 30, 2017, an increase of 2.9% from $495 million at March 31, 2017, an increase of 4.7% from $487 million at December 31, 2016 and an increase of 22.2% from $417 million at June 30, 2016.

• Total deposits were $536 million at June 30, 2017, an increase of 1.9% from $526 million at March 31, 2017, an increase of 1.8% from $526 million at December 31, 2016 and an increase of 47.6% from $363 million at June 30, 2016. Non-interest bearing deposits were $120 million at June 30, 2017, an increase of 25% from $96 million at June 30, 2016.

• Net interest income for the three-month period ended June 30, 2017 totaled $6.3 million, compared to $5.8 million for the first quarter of 2017 and $4.9 million for the same period of 2016. Interest income associated with discount accretion on purchased loans, deferred costs and deferred fees will vary due to the timing and nature of loan principal payments. Earning asset leverage was the primary driver in year-over-year results, as average earning loans and investments increased to $563 million for the three-month period ended June 30, 2017, compared to $432 million for the same period of 2016.

• Net interest margin for the three- and six-month period ended June 30, 2017 was 4.27% and 4.16%, slightly less than , the 4.34% and 4.28%, respectively, for the same periods of 2016. The margin for the six-month period ended June 30, 2017 reflects the variable pace of discount accretion recognition within interest income and the impact of fair value amortization on the interest expense of acquired deposits, and the higher level of investments, including interest bearing federal funds acquired in the Hopkins Merger.

• Nonperforming assets decreased to $14.6 million at June 30, 2017 from $16.1 million at March 31, 2017 and was $15.8 million at December 31, 2016, and $9.1 million at June 30, 2016. The first quarter of 2017 decreases resulted primarily from continued resolution of acquired nonperforming loans.

• The provision for loan losses for the three- and six-month period ended June 30, 2017 was $0.52 million and $0.96 million, respectively, compared to $0.36 million and $0.66 million, respectively, for the same periods of 2016. The increases for the 2017 periods were primarily the result of increases in loan originations. As a result, the allowance for loan losses was $3.61 million at June 30, 2017, representing 0.71% of total loans, compared to $3.16 million, or 0.64% of total loans, at March 31, 2017 and $2.29 million, or 0.55% of total loans, at June 30, 2016. Management expects both the allowance for loan losses and the related provision for loan losses to increase in the future periods due to the gradual accretion of the discount on the acquired loan portfolios and an increase in new loan originations.


Balance Sheet Review

Total assets were $646 million at June 30, 2017, increases of $13 million, or 2%, $26 million , or 4%, and $150 million, or 30%, when compared to March 31, 2017, December 31, 2016 and June 30, 2016, respectively. Investment securities increased by $39 million, or 144%, when compared to June 30, 2016, while loans held for sale decreased by $2 million, or 46%, over the same period.

Total deposits were $536 million at June 30, 2017, an increase of $10 million or 2% compared to the $526 million at March 31, 2017, an increase of $10 million or 2% compared to the $526 million at December 31, 2016 and an increase of $173 million or 48% compared to the $363 million at June 30, 2016. Activity included normal cyclical deposit fluctuations and an $8 million increase in non-interest bearing deposits. Short-term borrowings from the Federal Home Loan Bank increased to $35 million compared to $34 million at March 31, 2017.

Stockholders’ equity increased to $69.3 million at June 30, 2017, from $67.3 million at March 31, 2017, $65.9 million at December 31, 2016, and $67.5 million at June 30, 2016. These increases related primarily to corporate earnings, with the increase over the second quarter of 2016 being offset by the $2.4 million decline related to the purchase of 568,436 shares of Bay’s common stock. The combined activity improved the book value of Bay’s common stock to $6.52 per share at June 30, 2017, compared to $6.38 per share at March 31, 2017, $6.29 per share at December 31, 2016 and $6.18 per share at June 30, 2016.

In the third quarter of 2016, the Board of Directors authorized an additional stock purchase program, authorizing Bay to purchase an additional 250,000 shares of its common stock over a 12-month period in open market and/or through privately negotiated transactions, at Bay’s discretion. During the third quarter of 2016, Bay purchased 150,000 shares at an average price of $5.10 per share along with a purchase of 418,436 shares through a privately negotiated transaction at an average price of $5.18 per share. Bay Bancorp has not elected to repurchase additional shares since that time. As of June 30, 2017, Bay has 250,000 shares remaining under the third quarter 2016 purchase authorization. The Board may modify, suspend or discontinue the program at any time.

Nonperforming assets, which consist of nonaccrual loans, troubled debt restructurings, accruing loans past due 90 days or more, and real estate acquired through foreclosure, decreased to $14.6 million at June 30, 2017 from $16.1 million at March 31, 2017, from $15.8 million at December 31, 2016 and from $9.1 million at June 30, 2016. The changes were driven by loans acquired in the Hopkins Merger offset by decreases in purchased credit impaired loans. Nonperforming assets represented 2.26% of total assets at June 30, 2017, compared to 2.54% at March 31, 2017, 2.55% at December 31, 2016 and 1.84% at June 30, 2016.

At June 30, 2017, the Bank remained above all “well-capitalized” regulatory requirement levels. The Bank’s tier 1 risk-based capital ratio was approximately 12.15% at June 30, 2017 as compared to 12.29% at March 31, 2017, 12.32% at December 31, 2016 and 15.56% at June 30, 2016. Liquidity remained strong due to managed cash and cash equivalents, borrowing lines with the FHLB of Atlanta, the Federal Reserve and correspondent banks, and the size and composition of the investment portfolio.

Review of Financial Results

For the three-month periods ended June 30, 2017 and 2016


Net income for the three-month period ended June 30, 2017 was $1.23 million, compared to net income of $.96 million and $0.45 million for the three-month periods ended March 31, 2017 and June 30, 2016, respectively.

Net interest income for the three-month period ended June 30, 2017 totaled $6.3 million compared to $5.8 million for the previous quarter and $4.9 million for the same period of 2016. Interest income resulted from interest-earning asset growth from expansion of the Bay originated loan portfolio, selective investment purchases and the Hopkins Merger. As of June 30, 2017, the remaining net loan discounts on the Bank’s loan portfolio totaled $7.3 million.

Noninterest income for the three-month period ended June 30, 2017 was $1.4 million, up slightly when compared to the $1.3 million for the three-month period ended June 30, 2016 which included $0.21 million of security sale gains. Changes for the second quarter of 2017 were primary related to a $0.25 million increase in electronic banking fees.

Noninterest expense reduction continues to be a key focus for 2017 net income improvement. Despite 32% growth in average assets, for the three-month period ended June 30, 2017, noninterest expense was $5.2 million, compared to $5.1 million for the same period of 2016. The primary contributors to the change when compared to the second quarter of 2016 was a $0.2 million decrease in occupancy and foreclosed property costs, offset by a $0.3 million increase in salaries, employee benefit, professional and data processing expenses.

For the six-month periods ended June 30, 2017 and 2016

Net income for the six-month period ended June 30, 2017 was $2.18 million, compared to net income of $0.64 million for the six-month period ended June 30, 2016.

Net interest income for the six-month period ended June 30, 2017 totaled $12.18 million compared to $9.62 million for the same period of 2016. Interest income resulted from interest-earning asset growth from expansion of the Bay originated loan portfolio, selective investment purchases and the Hopkins Merger.

Noninterest income for the six-month period ended June 30, 2017 was $2.68 million, up slightly when compared to the $2.52 million for the six-month period ended June 30, 2016 which included $0.49 million of security sale gains. Changes for the second quarter of 2017 were primary related to a $0.36 million increase in electronic banking fees and a $0.33 million increase in other noninterest income related to increase bank owned life insurance earnings.

Noninterest expense was $10.39 million, compared to $10.44 million for the same period of 2016. The primary contributors to the change when compared to the second quarter of 2016 was a $0.39 million decrease in occupancy and foreclosed property costs, offset by a $0.33 million increase in salaries, employee benefit, data processing, core deposit intangible amortization and loan collection expenses.

Bay Bancorp, Inc. Information

Bay is a financial holding company and a savings and loan holding company headquartered in Columbia, Maryland. Through the Bank, Bay serves the community with a network of 11 branches strategically located throughout the Baltimore Metropolitan Statistical Area, particularly Baltimore City and the Maryland counties of Baltimore Washington corridor. The Bank serves small and medium size businesses, professionals and other valued customers by offering a broad suite of financial products and services, including on-line and mobile banking, commercial banking, cash management, mortgage lending and retail banking. The Bank funds a variety of loan types including commercial and residential real estate loans, commercial term loans and lines of credit, consumer loans and letters of credit. Additional information is available at www.baybankmd.com.

Forward-Looking Statements

The statements contained herein that are not historical facts are forward-looking statements (as defined by the Private Securities Litigation Reform Act of 1995) based on management's current expectations and beliefs concerning future developments and their potential effects on Bay. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of Bay. There can be no assurance that future developments affecting the Company will be the same as those anticipated by management. These statements are evidenced by terms such as “anticipate,” “estimate,” “should,” “expect,” “believe,” “intend,” and similar expressions. Although these statements reflect management’s good faith beliefs and projections, they are not guarantees of future performance and they may not prove true. These projections involve risk and uncertainties that could cause actual results to differ materially from those addressed in the forward-looking statements. For a discussion of these risks and uncertainties, see the section of the periodic reports filed by Bay with the Securities and Exchange Commission entitled “Risk Factors”.


For investor inquiries contact:

Joseph J. Thomas, President and CEO
410-536-7336
jthomas@baybankmd.com
7151 Columbia Gateway Drive,
Suite A
Columbia, MD 21046


For further information contact:

Larry D. Pickett, Chief Financial Officer
lpickett@baybankmd.com
410-312-5415

Columbia, Md. (May 8, 2017) — Bay Bank announced today that Kyle Becraft has joined the company as Senior Vice President and Director of Mortgage Banking.

Becraft, a well-known veteran of the mortgage banking industry, will lead the effort to expand Bay Bank’s presence in the Baltimore-Washington residential construction and mortgage banking markets. He will manage Bay Bank’s current team of mortgage lenders and will launch a new effort focused on the bank’s residential construction and permanent mortgage loan product.

With over 30 years in the banking industry, Becraft brings with him deep relationships with regional builders, particularly those constructing homes in Bay Bank’s target markets. Becraft’s specialty is helping consumers with construction/permanent financing to build their homes, and he also assists builders with builder line financing.  

“We are thrilled to have Kyle join our company in a new leadership role and accelerate the growth and profitability of our residential mortgage business,” said Joe Thomas, Bay Bank President and CEO. “His relationship-oriented philosophy and track record working with residential builders is a perfect extension of Bay Bank’s strategy to serve local entrepreneurs. We will now have a more complete specialty financing product array to serve land acquisition, development, construction, and permanent mortgage solutions for our commercial and consumer clients.” 

Becraft is highly respected in the mortgage banking industry and has collected many accolades throughout his career. He has been named as a Top 100 mortgage lender in the country and was honored at his previous company, Sandy Spring Bank, for his commitment to outstanding customer service and for consistently being one of the bank’s top producers.

“I’m excited to have this opportunity with Bay Bank,” said Becraft. “Bay Bank’s entrepreneurial culture and integrated organizational structure really fit well with providing the financing and quality service that self-employed builders and homeowners are looking for.”

Becraft will be located in the bank’s corporate headquarters in Columbia, Maryland.

 

About Bay Bank

Bay Bank, FSB is headquartered in Columbia, Maryland, and serves the community with a network of 11 branches strategically located throughout the region. Founded in 2010, the bank has quickly developed a strong reputation for its focus on being the bank built by entrepreneurs, for entrepreneurs. The bank has total assets of around $633 million. The bank’s parent company, Bay Bancorp, Inc., trades on the NASDAQ Capital Market under the ticker symbol “BYBK.”