Financial Highlights

BAY BANKS OF VIRGINIA, INC. (OTCQB - BAYK)

Trend Analysis--Quarterly (click here for Annual Analysis)

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Balance Sheet ($000)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Loans Held for Investment, before Reserves	234,876	241,989	(2.94)	239,239	(7.29)
Loans Held for Sale, before Reserves	0	0	0.00	0	0.00
Loan Loss Reserve	3,034	3,308	(8.28)	3,094	(7.76)
Net Loans Receivable	231,842	238,681	(2.87)	236,145	(7.29)
Intangible Assets	2,808	2,808	0.00	2,808	0.00
Total Assets	329,132	324,871	1.31	334,798	(6.77)
Deposits	267,695	274,110	(2.34)	275,175	(10.87)
Debt, Senior and Subordinated	23,237	21,259	9.30	21,460	33.12
Common Equity	36,793	28,045	31.19	36,585	2.27
Total Shareholders' Equity	36,793	28,045	31.19	36,585	2.27
Shares Outstanding (actual)	4,817,856	2,610,856	84.53	4,810,856	0.58

Income Statement ($000)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Net Interest Income	2,579	2,612	(1.26)	2,624	(6.86)
Provision for Loan Losses	83	96	(13.54)	572	(341.96)
Noninterest Income	997	776	28.48	1,208	(69.87)
Noninterest Expense	3,283	3,182	3.17	3,115	21.57
Net Income Before Taxes	213	119	78.99	362	(164.64)
Provision for Taxes	73	13	461.54	99	(105.05)
Net Income	140	106	32.08	263	(187.07)

Per Share Items ($)
	2013 Q1	2012 Q1	Y-Y Ch (%)	2012 Q4	Q-Q Ch (%)^†
Book Value per Share	7.64	10.74	(28.91)	7.60	1.69
Tangible Book Value	7.05	9.67	(27.02)	7.02	1.88
Diluted EPS Before Extra	0.03	0.04	(25.00)	0.10	(280.00)
Diluted EPS After Extra	0.03	0.04	(25.00)	0.10	(280.00)
Dividends Declared	0.0000	0.0000	0.00	0.0000	0.00

Performance Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
ROAA	0.17	0.13	4	0.33	(16)
ROAE	1.53	1.56	(4)	3.71	(218)
Net Interest Margin	3.40	3.58	(18)	3.63	(23)
Loans / Deposits	87.74	88.28	(54)	86.94	80
Efficiency Ratio	90.07	89.69	38	72.50	1,757

Balance Sheet Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Tangible Equity/ Tangible Assets	10.41	7.84	258	10.17	24
Equity/ Assets	11.18	8.63	255	10.93	25
Asset Quality Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Nonperforming Assets/ Assets	2.62	2.75	(13)	2.69	(7)
Loan Loss Reserves/ Gross Loans	1.29	1.37	(8)	1.29	0
Loan Loss Reserves/ NPAs	NA	33.05	NA	NA	NA
Net Charge-offs/ Avg Loans	0.24	(0.04)	28	1.35	(111)

Regulatory Capital Ratios (%)
	2013 Q1	2012 Q1	Y-Y Ch (bp)	2012 Q4	Q-Q Ch (bp)
Tier 1 Capital Ratio	13.31	10.92	239	15.84	(253)

^† Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

*	Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.


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