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Maryland-based Bay Bancorp delays 10-K filing

Bay Bancorp Inc. disclosed that it is unable to prepare and file in time its annual report on Form 10-K for the year ended Dec. 31, 2016.

The Columbia, Md.-based company said it still completing the audit, review and presentation of its financial statements in connection with the completion of its deal for Baltimore, Md.-based Hopkins Bancorp Inc.

Bay Bancorp expects its net income for the year ended Dec. 31, 2016, to be approximately $1.8 million, compared to $1.9 million net income reported in 2015. The company said the difference reflects an increase in net earning assets due to organic growth and the completion of the Hopkins Bancorp deal, offset by one-time merger-related costs.