Best Information Technology Companies To Watch In Right Now

Best Information Technology Companies To Watch In Right Now: BV Financial Inc (BVFL)

BV Financial, Inc. (BV Financial), is a federally-chartered savings and loan holding company and the holding company for Bay-Vanguard Federal, a federally-chartered savings bank. BV Financials business activity is the ownership of the Bay-Vanguard Federal. The Company operates as a community-oriented financial institution offering traditional financial services to consumers and businesses in its market area. It attracts deposits from the general public and uses those funds to originate one- to four-family real estate, mobile home, construction, multi-family, commercial real estate, and consumer loans, which it hold for investment. The Company operates two branch offices in Baltimore City and two branch offices in Anne Arundel County. In June 2013, BV Financial Inc's Bay-Vanguard Federal Savings Bank acquired Vigilant Federal Savings Bank.

Lending Activities

The Companys loan portfolio consists primarily of one- to four-family residential rea l estate loans. Its loan portfolio includes mobile home loans, construction loans, multi-family, commercial real estate loans, and consumer loans. As of June 30, 2009, Bay-Vanguard Federal had no loans that were held for sale. Its primary lending activity is the origination of mortgage loans to enable borrowers to purchase or refinance existing homes in its market area. It only offer fixed and adjustable rate mortgage loans and primarily with terms of 15, 20 or 30 years. The Company also offers adjustable-rate mortgage loans with interest rates and payments that adjust annually or every three years.

The Company originates mobile home loans directly and purchase mobile home loans from Forward National and Mainland Financial, which specialize in mobile home lending. As of June 30, 2009, 13.6% of its mobile home portfolio was originated by directly and 70.4% and 16% was purchased from Forward National and Mainland Financial, respecti! vely. As of June 30, 2009, it h ad 340 mobile home loans, the average size of which was approximately $34,000. Its mobile home loans, which are made primarily to borrowers in Maryland and Pennsylvania, have terms of up to 25 years and fixed interest rates. It originates loans to individuals and, to a lesser extent, builders to finance the construction of residential dwellings. It also make construction loans for commercial development projects, including condominiums, apartment buildings, mixed-use properties with residential units, as well as retail space and owner-occupied properties used for business.

The Company offers fixed-rate and adjustable-rate mortgage loans secured by multi-family and commercial real estate. Its multi-family and commercial real estate loans are secured by condominiums, apartment buildings and mixed-use properties with residential units, as well as retail space. It originates multi-family and commercial real estate loans for terms up to 25 years. The Companys oth er consumer loans are primarily loans secured by passbook or certificate accounts, automobile and boat loans and secured personal loans.

Investment Activities

The Company has legal authority to invest in various types of liquid assets, including the United States Treasury obligations, securities of various federal agencies and municipal governments, deposits at the Federal Home Loan Bank of Atlanta and certificates of deposit of federally insured institutions. As of June 30, 2009, its investment portfolio totaled $13.8 million and consisted primarily of the United States Treasury obligations and federal agency securities, mortgage-backed securities issued primarily by Fannie Mae, Freddie Mac and Ginnie Mae, and a mutual fund that invests in adjustable-rate mortgages.

Deposit Activities and Other Sources of Funds

Deposits and loan repayments are the major sources of its funds for lending and other investment purposes. The Companys deposits are attr! acted fro! m within its market area through the offering of selection of deposit instruments, including checking accounts, negotiable order of withdrawal (NOW) and money market accounts, passbook and savings accounts, and certificates of deposit. As of June 30, 2009, its core deposits, which consist of savings, NOW and money market accounts, consists 49% of its deposits.

Advisors' Opinion:

• [By CRWE]

  Today, BVFL remains (0.00%) +0.000 at $6.52 thus far (ref. google finance Delayed: 3:05PM EDT September 4, 2013).

  BV Financial, Inc. previously reported net income of $488,000, or $0.20 per diluted share, for the year ended June 30, 2013 compared to $1,073,000, or $0.46 per diluted share, for the year ended June 30, 2012. Results for 2013 were impacted by the acquisition of Vigilant Federal Savings Bank on May 31, 2013. As a result of the acquisition, BV Financial acquired $47.5 million in assets, $44.4 million in liabilities and created $119,000 in goodwill.

source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/best-information-technology-companies-to-watch-in-right-now-2.html