XML 87 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From Operating Activities    
Net income $ 1,830us-gaap_NetIncomeLoss $ 1,222us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 792us-gaap_Depreciation 755us-gaap_Depreciation
Net amortization and accretion of securities 363us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments 391us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Provision for loan losses 611us-gaap_ProvisionForLoanAndLeaseLosses 776us-gaap_ProvisionForLoanAndLeaseLosses
Stock compensation expense 20us-gaap_ShareBasedCompensation 122us-gaap_ShareBasedCompensation
Deferred income tax benefit 58us-gaap_DeferredIncomeTaxExpenseBenefit 259us-gaap_DeferredIncomeTaxExpenseBenefit
Loss (gain) on securities available-for-sale 25us-gaap_GainLossOnSaleOfSecuritiesNet (284)us-gaap_GainLossOnSaleOfSecuritiesNet
Loss on securities with other-than-temporary impairment   288us-gaap_OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNetAvailableforsaleSecurities
Increase in OREO valuation allowance 235us-gaap_RealEstateOwnedValuationAllowanceProvision1 300us-gaap_RealEstateOwnedValuationAllowanceProvision1
Loss on sale of other real estate 92us-gaap_GainsLossesOnSalesOfInvestmentRealEstate 263us-gaap_GainsLossesOnSalesOfInvestmentRealEstate
Gain on disposal of fixed assets (137)us-gaap_GainLossOnSaleOfPropertyPlantEquipment (165)us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Mortgage servicing rights (17)us-gaap_MortgageServicingRightsMSRImpairmentRecovery (579)us-gaap_MortgageServicingRightsMSRImpairmentRecovery
Loan originations for sale to FNMA (10,503)bayk_LoanOriginationsForSaleToFnma (21,431)bayk_LoanOriginationsForSaleToFnma
Loan sales to FNMA 10,951bayk_LoanSalesToFnma 22,025bayk_LoanSalesToFnma
Gain on loans sold to FNMA (252)bayk_GainOnLoansSoldToFnma (391)bayk_GainOnLoansSoldToFnma
Increase in cash surrender value of life insurance (219)us-gaap_IncreaseDecreaseInLifeInsuranceLiabilities (129)us-gaap_IncreaseDecreaseInLifeInsuranceLiabilities
Decrease (increase) in accrued income and other assets 246bayk_IncreaseDecreaseInAccruedIncomeAndOtherAssets (67)bayk_IncreaseDecreaseInAccruedIncomeAndOtherAssets
(Decrease) increase in other liabilities (92)us-gaap_IncreaseDecreaseInOtherOperatingLiabilities 377us-gaap_IncreaseDecreaseInOtherOperatingLiabilities
Net cash provided by operating activities 4,003us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 3,732us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash Flows From Investing Activities    
Proceeds from maturities and principal paydowns of available-for-sale securities 4,529us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities 3,951us-gaap_ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
Proceeds from sales and calls of available-for-sale securities 3,810us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities 9,433us-gaap_ProceedsFromSaleOfAvailableForSaleSecurities
Purchase of bank owned life insurance (2,000)bayk_PaymentsToAcquireBankOwnedLifeInsurance (5,000)bayk_PaymentsToAcquireBankOwnedLifeInsurance
Purchases of available-for-sale securities (11,542)us-gaap_PaymentsToAcquireAvailableForSaleSecurities (17,224)us-gaap_PaymentsToAcquireAvailableForSaleSecurities
Purchases of restricted securities (792)bayk_PaymentForProceedsFromRestrictedInvestments (54)bayk_PaymentForProceedsFromRestrictedInvestments
Decrease (increase) in federal funds sold 1us-gaap_IncreaseDecreaseInFederalFundsSold (72)us-gaap_IncreaseDecreaseInFederalFundsSold
Loan (originations) and principal collections, net (47,533)bayk_PaymentsForProceedsFromLoanOriginationsAndPrincipalCollections (15,417)bayk_PaymentsForProceedsFromLoanOriginationsAndPrincipalCollections
Purchase of other assets   (771)us-gaap_PaymentsToAcquireOtherRealEstate
Proceeds from sale of other real estate 371us-gaap_ProceedsFromSaleOfOtherRealEstate 1,189us-gaap_ProceedsFromSaleOfOtherRealEstate
Improvements to other real estate   (22)us-gaap_PaymentsToDevelopRealEstateAssets
Purchases of premises and equipment (2,014)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (538)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Proceeds from the sale of premises and equipment 311us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 727us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Net cash used in investing activities (54,859)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (23,798)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash Flows From Financing Activities    
Increase in demand, savings, and other interest-bearing deposits 13,949bayk_IncreaseDecreaseInDemandSavingsAndOtherInterestBearingDeposits 3,438bayk_IncreaseDecreaseInDemandSavingsAndOtherInterestBearingDeposits
Net increase (decrease) in time deposits 25,289us-gaap_IncreaseDecreaseInTimeDeposits (10,266)us-gaap_IncreaseDecreaseInTimeDeposits
Net (decrease) increase in securities sold under repurchase agreements (3,106)us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet 2,659us-gaap_IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
Increase in Federal Home Loan Bank advances 20,000us-gaap_ProceedsFromFederalHomeLoanBankAdvances  
Net cash provided by (used in) financing activities 56,132us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (4,169)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net decrease in cash and due from banks 5,276us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (24,235)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and due from banks at beginning of period 15,689bayk_CashDueFromBanksAndInterestBearingDeposits 39,924bayk_CashDueFromBanksAndInterestBearingDeposits
Cash and due from banks at end of period 20,965bayk_CashDueFromBanksAndInterestBearingDeposits 15,689bayk_CashDueFromBanksAndInterestBearingDeposits
Cash paid for:    
Interest 2,215us-gaap_InterestPaidNet 2,824us-gaap_InterestPaidNet
Income taxes 351us-gaap_IncomeTaxesPaid 338us-gaap_IncomeTaxesPaid
Non-cash investing and financing:    
Unrealized gain (loss) on investment securities 1,268us-gaap_UnrealizedGainLossOnInvestments (1,623)us-gaap_UnrealizedGainLossOnInvestments
Change in fair value of pension and post-retirement obligation (885)us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations 422us-gaap_IncreaseDecreaseInPensionAndPostretirementObligations
Loans transferred to other real estate owned 197us-gaap_TransferToOtherRealEstate 2,476us-gaap_TransferToOtherRealEstate
Loans originated to facilitate sale of OREO 605us-gaap_MortgageLoanRelatedToPropertySales1 328us-gaap_MortgageLoanRelatedToPropertySales1
Changes in deferred taxes resulting from OCI transactions $ (130)bayk_ChangesInDeferredIncomeTaxBenefitExpenseRelatingFromIncomeLossesRecognizedInOtherComprehensiveIncomeLoss $ 408bayk_ChangesInDeferredIncomeTaxBenefitExpenseRelatingFromIncomeLossesRecognizedInOtherComprehensiveIncomeLoss