BayVanguard Bank is a community bank headquartered in Baltimore, Maryland, originally chartered in 1873. BayVanguard operates 13 offices in the Baltimore metro area and Maryland's Eastern Shore, serving consumers and small-to-medium-sized businesses. The bank had $912M in total assets, $755M in loans, and $676M in deposits as of year-end 2025. BayVanguard's business model is the classic community bank model: gather deposits and lend at higher rates, earning the net interest margin. The loan portfolio is heavily concentrated in real estate, which represents roughly 93% of total loans. Commercial real estate (CRE) is the largest category at ~53% of loans, including owner-occupied and investor CRE secured by multi-family properties, retail, office, and hotels. Notably, about 56% of the CRE portfolio is secured by collateral outside Maryland, spread across 38 states — the result of an investment real estate group established in 2020 to originate larger loans beyond the local market. One-to-four family residential mortgages make up ~34% of loans, with the majority secured by Maryland properties. Commercial business loans are a smaller but growing category at ~5% of loans. Fee income is not a meaningful driver; revenues are primarily interest-based. A notable balance sheet feature is BayVanguard's high capital level — stockholders' equity of $184M against $912M in total assets — which is common for recently converted mutual savings banks and leaves the bank with significant excess capital to deploy through loan growth, acquisitions, or shareholder returns.