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| BAYN > SEC Filings for BAYN > Form 8-K on 6-Nov-2009 | All Recent SEC Filings |
6-Nov-2009
Results of Operations and Financial Condition
On November 6, 2009, Bay National Corporation issued a press release announcing its earnings for the quarter ended September 30, 2009.
Among other figures, the press release reports that core deposits decreased to $114.6 million at September 30, 2009. Core deposits, which management categorizes as all deposits other than national market certificates of deposit, deposits purchased through the certificate of deposit account registry service (CDARS) program and all but $3.0 million in deposits from one account with highly variable balances, are closely monitored by management because they consider them not only a relatively stable source of funding but also reflective of the growth of commercial and consumer depository relationships.
The press release is furnished as Exhibit 99.1 hereto.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release dated November 6, 2009.
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