The company has not filed an annual or quarterly report since its Q3 FY2020 10-Q, filed Nov 6, 2020. Its latest SEC filing is a 4 from Aug 18, 2021.
10-Q for Q3 FY2020, filed Nov 6, 2020
The sections below describe the company as of the FY2019 annual report.
Provides retail and commercial banking, mortgage services, and trust and wealth management to businesses, professionals, and consumers.
10-K for FY2019, filed Mar 6, 2020
Earns interest on loans and investment securities, plus fees for trust and wealth management, loan servicing, and deposit services. Customers pay service fees when the transaction occurs.
$50.4M
10-K for FY2019, filed Mar 6, 2020
$50.4M ↗| Segment | Share | Revenue |
|---|---|---|
|
Trust Management
|
25% |
Trust Management, FY2019
$830K Sources
|
|
Service Charges and Fees on Deposit Accounts
|
30% |
Service Charges and Fees on Deposit Accounts, FY2019
$977K Sources
|
|
Wealth Management
|
28% |
Wealth Management, FY2019
$908K Sources
|
|
Interchange Fees, Net
|
13% |
Interchange Fees, Net, FY2019
$438K Sources
|
|
Other Service Charges and Fees
|
3.5% |
Other Service Charges and Fees, FY2019
$115K Sources
|
Businesses, professionals, and consumers use the Bank’s retail, commercial, and mortgage services; it also sells secondary-market home loans directly to Freddie Mac, Fannie Mae, or other buyers.
10-K for FY2019, filed Mar 6, 2020
Yes. It kept 14 cents of every revenue dollar as net income in FY2019 and turned 21 cents into free cash flow.
10-K for FY2019, filed Mar 6, 2020
10-Q for Q3 FY2020, filed Nov 6, 2020
Open tableView ↗
8-K, filed Feb 1, 2021
On January 31, 2021 (the “Closing Date”), Bay Banks of Virginia, Inc. (the “Company”), the holding company of Virginia Commonwealth Bank…View ↗
Grew. Revenue grew 3.1x in 4 years, from $16.3M in FY2015 to $50.4M in FY2019, about 33% a year.
Hampton Roads expansion
The latest report includes Hampton Roads among the Bank’s service areas, alongside the Northern Neck, Middlesex County, and greater Richmond; the older report described the Northern Neck, Middle Peninsula, and Richmond.
10-K for FY2016, filed Mar 22, 2017 10-K for FY2019, filed Mar 6, 2020The Bank is a state-chartered bank, headquartered in Kilmarnock, Virginia, and a member of the Federal Reserve System. The Bank has offices…View ↗
The Bank is a state-chartered bank, headquartered in Richmond, Virginia, and a member of the Federal Reserve System. The Bank has 18…View ↗
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