Welcome to our dedicated page for Taylor Calvin B Bankshares news (Ticker: TYCB), a resource for investors and traders seeking the latest updates and insights on Taylor Calvin B Bankshares stock.
Overview of Taylor Calvin B Bankshares Inc (TYCB)
Taylor Calvin B Bankshares Inc operates as the holding company for Calvin B. Taylor Banking Company, a financial institution that has served communities since 1890. With a deep-rooted legacy in community banking, the company provides a robust suite of traditional banking services that include checking, money market, savings, and certificate of deposit products. Its comprehensive offerings also extend to specialized consumer loans for automobiles, mortgages for home purchases and improvements, as well as commercial loans designed for a wide range of business purposes. Embedded within its daily operations are secure digital and mobile banking solutions that meet modern consumer needs.
Core Banking Services and Business Model
The company caters to a diverse customer base—ranging from individual account holders to small-to-medium enterprises, local associations, and governmental entities. Its business model is built on trusted relationships and community presence, ensuring accessibility through multiple branches along the Eastern coast. Core deposit products such as checking and savings accounts form the backbone of its funding, which in turn support a growing, well-managed loan portfolio. Additionally, the bank offers debit cards and ATM services to enhance customer convenience and cater to the evolving digital banking landscape.
Operational Excellence and Industry Position
With a strong emphasis on operational discipline, Taylor Calvin B Bankshares Inc has established an enduring competitive position within regional financial markets. The bank leverages traditional products while integrating digital capabilities, thereby striking a balance between historical institutional trust and modern banking efficiency. Its adherence to robust regulatory standards—including the adoption of the current expected credit loss (CECL) model—demonstrates its commitment to maintaining asset quality and managing credit risk effectively.
Community Focus and Local Engagement
A defining feature of the company is its commitment to local communities. Operating through a network of banking locations along the Delmarva Peninsula, the bank has cultivated strong local relationships and continues to support community initiatives and charitable contributions. This community-focused approach not only enhances customer loyalty but also reinforces its reputation as a dependable regional bank.
Digital Banking and Service Innovation
Recognizing the transformation in financial services, Taylor Calvin B Bankshares Inc has supplemented its traditional banking offerings with modern digital products. Its online, mobile, and phone banking services provide clients with easy and secure access to their accounts, thereby aligning with the contemporary demand for convenience and efficiency in financial transactions. By combining the strengths of a long-established brick-and-mortar presence with innovative digital solutions, the company is well-equipped to serve the evolving needs of its clientele.
Expertise and Financial Discipline
Underpinning its operations is a disciplined approach to risk management, liquidity, and capital adequacy. The bank’s strong focus on core deposits and its effective management of its loan portfolio, through well-established underwriting standards and the continuous monitoring of credit quality, underscore its expert handling of financial risks. These aspects, coupled with a commitment to transparency and regulatory compliance, reinforce the institution's credibility and longstanding reputation as a reliable financial partner.
Summary
Taylor Calvin B Bankshares Inc (TYCB) represents a blend of traditional community banking values and modern financial innovation. Its diverse product portfolio, comprehensive service offerings, and strong community relationships position it as a trusted provider of essential banking services. This extensive approach, combined with strategic digital integration and prudent risk management, forms the cornerstone of its operational success and enduring market presence.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) reported net income of $2.29 million for 1Q22, down 11.8% from $2.60 million in 1Q21. The decline was primarily due to a $346 thousand decrease in income from bank-owned life insurance. Despite this, the bank saw organic loan growth of 6.8% since December 2021 and a 3.9% increase in net interest income to $5.27 million. Total assets surged 20.5% year-over-year to $905.2 million. The quarterly dividend rose 3.45% to $0.30 per share.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) has declared a quarterly cash dividend of $0.30 per share, representing a 3.45% increase from the previous quarter. This dividend will be paid on April 15, 2022, to stockholders on record as of March 31, 2022. Established in 1890, Calvin B. Taylor Bank provides a variety of banking services across 12 locations in the Delmarva Peninsula, encompassing Worcester County, Maryland, Sussex County, Delaware, and Accomack County, Virginia.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) reported a net income of $9.48 million for 2021, up from $7.27 million in 2020. The fourth quarter net income was $2.14 million, a 51.4% increase year-over-year. Total assets grew 27.1% to $904.5 million, while average deposits surged by 31.1%. Net interest income rose 9.6% to $21.68 million, driven by organic loan growth and PPP loan repayments, although net interest margin decreased to 2.79%. Dividends declared were $1.16 per share, reflecting a 5.5% increase.
Calvin B. Taylor Bankshares (OTCQX: TYCB) has declared a quarterly cash dividend of $0.29 per share, payable on January 15, 2022, to shareholders of record as of December 31, 2021. The bank, founded in 1890, operates 12 locations across the eastern Delmarva Peninsula, providing a variety of banking services. This dividend reflects the company's commitment to returning value to its shareholders while maintaining a strong local presence.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) reported a net income of $2.67 million for 3Q21, up from $1.91 million in 3Q20, and $7.34 million for the first nine months, compared to $5.85 million last year. Loan repayments under the PPP totaled $20.6 million in 3Q21. Total assets grew by 30.6% year-over-year to $914 million. Despite strong deposit growth of 35%, the net interest margin decreased to 2.76%. Noninterest income rose 39.8% to $1.03 million in 3Q21, reflecting increased consumer spending.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) has announced a quarterly cash dividend of $0.29 per share, payable on October 15, 2021 to shareholders of record as of September 30, 2021. Founded in 1890, the bank operates 12 locations across the eastern Delmarva Peninsula, providing a variety of banking services through both physical and digital channels.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) reported a net income of $2.07 million for Q2 2021, a 2% increase year-over-year but a decrease from $2.60 million in Q1 2021. For the first half of 2021, net income reached $4.67 million, up from $3.94 million in the same period of 2020. The provision for loan losses decreased significantly, reflecting improved economic conditions due to COVID-19. Total assets grew by 30.1% year-over-year to $839 million, driven by organic loan growth despite the impact of PPP loan repayments.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) has declared a quarterly cash dividend of $0.29 per share. This dividend is payable on July 15, 2021 to stockholders of record as of June 30, 2021. Calvin B. Taylor Bank, founded in 1890, operates across 12 locations in the Delmarva Peninsula, offering diverse banking services. The bank's commitment to providing reliable banking solutions strengthens its position in the market.
Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) reported strong first-quarter results for 2021, with net income rising 35.8% to $2.60 million compared to Q1 2020. This marks an 83.6% increase from Q4 2020. The company saw organic asset growth of 5.6%, with total assets reaching $751.4 million. Loans increased 22.9% year-over-year, driven by a rise in SBA PPP loans and strong demand for commercial and residential loans. Noninterest income jumped 122.2% to $1.34 million, boosted by nonrecurring income from bank-owned life insurance. However, net interest margin declined to 3.05% from 3.93% a year prior.
On March 11, 2021, Calvin B. Taylor Bankshares, Inc. (OTCQX: TYCB) announced a quarterly cash dividend of $0.29 per share. The dividend will be paid on April 15, 2021, to stockholders of record as of March 31, 2021. Established in 1890, the bank operates 12 locations across the eastern coastal areas of the Delmarva Peninsula, providing a wide range of banking services through both physical and digital channels.
FAQ
What is the current stock price of Taylor Calvin B Bankshares (TYCB)?
What is the market cap of Taylor Calvin B Bankshares (TYCB)?
What services does Taylor Calvin B Bankshares Inc offer?
Who are the primary customers of the bank?
How does the company generate its revenue?
What makes Taylor Calvin B Bankshares unique in its market?
How does the bank manage credit risk?
What digital services does the bank provide?
How does the company support local communities?
What are its core deposit products?
