Bay Banks of Virginia's Total Assets for the quarter that ended in Sep. 2020 was $1,251.58 Mil.
During the past 12 months, Bay Banks of Virginia's average Total Assets Growth Rate was 2.20% per year.
During the past 3 years, the average Total Assets Growth Rate was 33.20% per year.
During the past 5 years, the average Total Assets Growth Rate was 29.60% per year.
During the past 10 years, the average Total Assets Growth Rate was 14.80% per year.
During the past 13 years, Bay Banks of Virginia's highest 3-Year average Total Assets Growth Rate was 37.00%. The lowest was -6.10%. And the median was 4.15%.
Bay Banks of Virginia Total Assets Historical Data
The historical data trend for Bay Banks of Virginia's Total Assets can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Bay Banks of Virginia's Total Assets for the fiscal year that ended in Dec. 2019 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bay Banks of Virginia (OTCPK:BAYK) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Sep. 2020) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Bay Banks of Virginia's Asset Turnover for the quarter that ended in Sep. 2020 is
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Bay Banks of Virginia Total Assets Related Terms
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Bay Banks of Virginia (Bay Banks of Virginia) Business Description
Bay Banks of Virginia Inc is a bank holding company. It serves businesses, professionals, and consumers with a wide variety of financial services, including retail and commercial banking, investment services, and mortgage banking. The company products include checking accounts, savings accounts, money market accounts, cash management accounts, certificates of deposit, individual retirement accounts, commercial and industrial loans, residential mortgages, commercial mortgages, home equity loans, consumer installment loans, insurance, credit cards, online banking, telephone banking, and mobile banking.
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