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Ike's effects on waterways studied

Tue, 07 Jul 2009 18:26:00 GMT

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Bay National Bank Operating Under Federal Consent Orders: Baltimore, Salisbury Banks Must Improve Liquidity, Deal With Problem Loans to Recover From Losses

Thu, 12 Feb 2009 10:47:00 GMT

Feb. 12--Bay National Bank said yesterday that it is operating under formal oversight by federal regulators as it tries to recover from losses on bad mortgage loans.
The Baltimore bank was placed under a consent order Feb. 6 by the Office of the Comptroller of the Currency, which charters, regulates and supervises national banks.
The order requires Bay National, which has two full-service banking offices in Baltimore and Salisbury, to devise a plan to improve its liquidity and capital and deal with problem loans.

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Bay National Corporation Reports Second Quarter 2009 Results

Wed, 05 Aug 2009 21:55:00 GMT

Bay National Corporation , the bank holding company for Bay National Bank, today reported a second quarter net loss of $2,045,000 or $0.95 per diluted share, as compared to a net loss of $776,000 or $0.36 per diluted share reported for the quarter ending June 30, 2008.[More...]

Bay National Corporation Reports First Quarter Results - May 7 2009 7:54PM

Thu, 07 May 2009 23:49:00 GMT

BALTIMORE, May 7 /PRNewswire-FirstCall/ -- Bay National Corporation (the "Company") , the bank holding company for Bay National Bank, today reported a first quarter net loss of $884 thousand or ($0.41) per diluted share, as compared to a net loss of $1.49 million or ($0.69) per diluted share reported for the quarter ending March 31, 2008.
The current quarter results include a provision for credit loss of $1.05 million and net charge-offs totaling $508 thousand, the majority of which were divided among commercial, one to four family residential construction loans and one to four family residential mortgages.
Hugh W. Mohler, Chairman and CEO, stated, "The first quarter results for 2009 when compared to the first quarter results of one year ago, reflect a significant reduction in noninterest expenses that were more than offset by the decrease in interest income due to the extremely low interest rate environment in which we are operating.

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Bay National Corporation Reports First Quarter Results

Thu, 07 May 2009 23:21:00 GMT

Bay National Corporation , the bank holding company for Bay National Bank, today reported a first quarter net loss of $884 thousand or per diluted share, as compared to a net loss of $1.49 million or per diluted share reported for the quarter ending March 31, 2008. The current quarter results include a provision for credit loss of $1.05 million and net charge-offs totaling $508 thousand, the majority of which were divided among commercial, one to four family residential construction loans and one to four family residential mortgages.[More...]

Bay National Corporation Reports Fourth Quarter 2008 Results

Wed, 11 Feb 2009 14:11:00 GMT

Bay National Corporation , the holding company for Bay National Bank, today reported a fourth quarter net loss per diluted share of $0.48 compared with a net loss per diluted share of $0.26 reported in the fourth quarter of 2007. The net loss was $1.024 million compared to a net loss of $564 thousand in the fourth quarter of last year. The current quarter results include a credit loss provision of $961 thousand and net charge-offs totaling $1.961 million, the majority of which were related to the residential real estate construction portfolio.[More...]

Bay National Corporation Reports Third Quarter Results

Fri, 31 Oct 2008 20:45:00 GMT

Bay National Corporation , the holding company for Bay National Bank, today reported a third quarter net loss per diluted share of $.83 compared with net income per diluted share of $.12 reported in the third quarter of 2007. The net loss was $1.8 million compared with net income of $261,145 in the third quarter of last year. The current quarter results include a loan loss provision of $2.5 million. As of September 30, 2008, total assets were $274 million, an increase of 5.08% from September 30, 2007. Net loans rose 6.84% and total deposits increased 3.68% for the twelve-month period ended September 30, 2008.[More...]

Bay National Corporation Announces Second Quarter 2008 Financial Results

Thu, 24 Jul 2008 11:59:00 GMT

Bay National Corporation , the bank holding company for Bay National Bank, today reported a second quarter net loss of $776,000 or per diluted share, as compared to net income of $622,000 or $0.28 per diluted share reported for the quarter ending June 30, 2007.[More...]

Bay National Corporation Reports First Quarter Results - Jun 1 2008 4:15AM

Tue, 29 Apr 2008 14:40:00 GMT

Bay National Corporation , the bank holding company for Bay National Bank, today reported a first quarter net loss of $1.5 million or per diluted share, as compared to net income of $619 thousand or $0.28 per diluted share reported for the quarter ending March 31, 2007.[More...]

Form 3 BAY NATIONAL CORP For: Jan 01 Filed by: Borowy David Edward (10K)

Tue, 20 Jan 2009 15:43:00 GMT

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Form 4 Wright Carl AJ For: Nov 26 (10K)

Mon, 01 Dec 2008 17:11:00 GMT

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Form 4 BAY NATIONAL CORP For: May 07 Filed by: Lerch John R (10K)

Fri, 06 Jun 2008 21:02:00 GMT

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