Bayvanguard Bank
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Data as of · sourced from FFIEC call reports. How we update
Bayvanguard Bank is an FDIC-insured commercial bank headquartered in Sparrows Point, MD, established in 1873 (FDIC certificate 32527), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $868.7M, down 3.5% from Q2 2025, the 12th largest of 27 banks headquartered in Maryland. Its CET1 capital ratio was 22.40% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 32527
- Headquarters
- Sparrows Point, MD
- Established
- 1873
- Total assets, Q2 2026
- $868.7M
- Assets vs Q2 2025
- -3.5%
- CET1 ratio, Q2 2026
- 22.40%
- Domestic offices
- 12 FDIC institution directory, current count
- Routing number
- 252071159
- Latest call report
- Q2 2026, FFIEC 041 · Bayvanguard Bank call report
- Holding company
- BV FINANCIAL, INC.
- Asset rank in state
- 12th of 27 in Maryland
Bayvanguard Bank carries far more capital than most banks of its size. Based in Sparrows Point, Maryland, it had $869 million in assets at June 30, 2026, down 3.5% from a year earlier. It funds 17.13% of its assets with Tier 1 capital, higher than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median 10.99%). It also shrank its loan book 5.5% over the year, lower than about 9 in 10 banks its size (median 5.5%).
The balance sheet shrank over the year: over the year loans fell 5.5% and deposits fell 0.9%. Problem loans eased: loans on nonaccrual or 90 or more days past due, net of government guarantees, were 0.48% of loans, down from 0.58% a year earlier. Concentration is the risk to watch: it holds commercial real estate loans worth 2.1 times its capital, higher than about three-quarters of banks its size (median 1.2 times).
As of June 30, 2026, Bayvanguard Bank reported a CET1 capital ratio of 22.40%, a return on assets of 1.55%, a nonperforming-loan ratio of 0.48% and a Texas ratio of 2.12%. The figures come from its call report filed with the FFIEC.
Bayvanguard Bank ranks as the 12th largest of the 27 banks based in Maryland, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets fell 3.6% to $868.7M, loans fell 3.4% and deposits rose 0.4%. Its loan book on June 30, 2026 was led by non-owner-occupied commercial real estate loans, at 38.4% of total loans, followed by 1-4 family residential loans at 35.1%. Its 12 offices in the FDIC Summary of Deposits are in 6 cities in MD; its Baltimore 5 offices book 43% of its branch deposits. By the capital ratios in its Q2 2026 call report, Bayvanguard Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 7114 N Point Rd, Sparrows Point, MD 21219
- County
- Baltimore
- Metro Area
- Baltimore-Columbia-Towson, MD
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- New York (Region 2)
- Federal Reserve member
- No
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- September 1, 1873
- Former names
- Bay-Vanguard Federal Savings Bank (1996-2018); Bay Federal Savings and Loan Association (1990-1996); Light Street Federal Savings and Loan Association (1988-1990)
- Domestic offices
- 12 FDIC institution directory, current count
- Employees (FTE)
- 101
- Domestic deposits
- $689.1M
- Allowance for credit losses
- $6.2M
- Net charge-offs (YTD)
- -$32K
- Average total assets
- $892.4M
- Average total loans
- $725.6M
- Average interest-bearing deposits
- $545.5M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- August 9, 1989
- FDIC Cert
- 32527
- Fed RSSD
- 242976
- SEC CIK
- 1302387 → filed by BV FINANCIAL, INC.
- Website
- www.bayvanguard.com →
- Parent Holding Company
- BV FINANCIAL, INC. (RSSD 3364178) · BVFL
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| David M. Flair | CEO | Co-President, Co-CEO |
| Michael J Dee | CFO | EVP and CFO |
| Gregory J. Olinde | CCO | EVP and Chief Credit Officer |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Bayvanguard Bank's total assets ranged from $868.7M (Q2 2026) to $922.6M (Q3 2023), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$868.7M total assets against $900.6M; $706.1M total liabilities against $712.6M.
$704.2M net loans and leases against $742.2M; $689.1M total deposits against $695.1M.
$37.9M securities against $41.2M; $68.9M cash and balances due against $56.3M.
$12.2M total interest income against $12.3M; $2.8M total interest expense against $2.8M.
$9.4M net interest income against $9.5M.
$469K total noninterest income against $715K; $5.3M total noninterest expense against $5.7M.
-$215K provision for credit losses against $181K.
$3.5M net income against $3.2M.
1.55% return on assets against 1.41%; 4.47% net interest margin against 4.46%.
22.40% CET1 capital ratio against 24.45%; 17.13% tier 1 leverage ratio against 19.75%.
Inside the full Bayvanguard Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Loans outstanding are at or above total deposits. The bank reports little borrowing or brokered funding, so the difference is carried mainly by equity and other liabilities. Worth watching if loan growth continues to outpace deposits. Industry heuristic, not a supervisory threshold.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Bayvanguard Bank rankings
Its closest position to the top of a national ranking is 233 of 2,134, for CET1 ratio; its furthest is 2,212 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.46% (Q1 2026) to 2.24% (Q4 2025) and its net interest margin ran from 4.18% (Q1 2025) to 4.66% (Q4 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 22.40% | 1.55% | 0.48% | 2.12% | 4.47% |
| Q1 2026 | 21.27% | 0.46% | 0.35% | 1.63% | 4.21% |
| Q4 2025 | 21.13% | 2.24% | 0.30% | 1.42% | 4.66% |
| Q3 2025 | 25.54% | 1.80% | 0.47% | 1.84% | 4.56% |
| Q2 2025 | 24.45% | 1.41% | 0.58% | 2.41% | 4.46% |
| Q1 2025 | 24.07% | 0.99% | 0.64% | 2.66% | 4.18% |
| Q4 2024 | 24.24% | 1.03% | 0.54% | 2.24% | 4.44% |
| Q3 2024 | 25.17% | 1.88% | 0.57% | 2.24% | 4.65% |
Swipe the table sideways to see every column.
Branch Network
View all 12 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bayvanguard Bank (main office) | Baltimore , MD | 21219 | $174.2M |
| High Street Branch | Cambridge , MD | 21613 | $111.7M |
| Idlewild Avenue Branch | Easton , MD | 21601 | $83.9M |
| Mountain Rd Branch | Pasadena , MD | 21122 | $57.8M |
| Yard 56 Branch | Baltimore , MD | 21224 | $53.9M |
| The Hurlock Branch | Hurlock , MD | 21643 | $53.1M |
| Woods Road Branch | Cambridge , MD | 21613 | $33.3M |
| Forest Hill Branch | Forest Hill , MD | 21050 | $32.5M |
| Perry Hall Branch | Baltimore , MD | 21236 | $28.5M |
| Essex Branch | Baltimore , MD | 21221 | $26.6M |
| Glebe Road Branch | Easton , MD | 21601 | $17.8M |
| Fort Ave Branch | Baltimore , MD | 21230 | $15.7M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 1, 2022 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2022 | Structure Change | Acquired North Arundel Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 1, 2020 | Structure Change | Acquired 1880 Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| October 31, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 1, 2020 | Structure Change | Acquired Madison Bank of Maryland Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 29, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 1, 2019 | Structure Change | Acquired Kopernik Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| February 28, 2019 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| June 1, 2013 | Structure Change | Acquired Vigilant Federal Savings Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 31, 2013 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 1996 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| April 1, 1996 | Structure Change | Acquired Vanguard Federal Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 2, 1990 | Structure Change | Acquired Weekly Federal Savings and Loan Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| June 1, 1990 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 2, 1981 | Structure Change | Acquired Hanover Building Association Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 15 events, scroll the table for the full history.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.3% of deposits in MD, rank 29 of 69 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 114 applications, 88 loans originated, $45.7M originated, across 6 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $444K approved, $444K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2022 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Bayvanguard Bank
What are Bayvanguard Bank's total assets?
As of the Q2 2026 filing, Bayvanguard Bank reported total assets of $868.7 million in its FFIEC call report.
Where is Bayvanguard Bank headquartered?
It is headquartered in Sparrows Point, MD, United States.
When was Bayvanguard Bank founded?
It was established in 1873, per the FDIC institution directory.
Is Bayvanguard Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #32527). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bayvanguard Bank?
Bayvanguard Bank's primary federal regulator is the FDIC.
What is Bayvanguard Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 22.40% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Bayvanguard Bank operate?
It operates 12 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bayvanguard Bank's Texas Ratio?
Its Texas Ratio is 2.12% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Bayvanguard Bank previously called?
The charter now named Bayvanguard Bank has also operated as Bay-Vanguard Federal Savings Bank (1996-2018), Bay Federal Savings and Loan Association (1990-1996), Light Street Federal Savings and Loan Association (1988-1990), per FDIC structure-change records.
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