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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Surrey Bancorp Inc (PK) | USOTC:SRYB | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.70 | 16.50 | 17.37 | 0.00 | 01:00:00 |
North Carolina
|
0000-50313
|
59-3772016
|
---------------------------------
|
------------------------
|
-------------------------------
|
(State or other jurisdiction
|
(Commission File No.)
|
(I.R.S. Employer
|
of incorporation)
|
Identification No.)
|
145 North Renfro Street, Mount Airy, NC
|
27030
|
||
----------------------------------------------------
|
-------------
|
||
(Address of principal executive offices)
|
(Zip Code)
|
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under Exchange Act (17 CFR 240.13e-4(c)) |
Item 7.01
|
Regulation FD Disclosure
|
Item 9.01
|
Financial Statements and Exhibits
|
(a) | Not Applicable |
(b) | Not Applicable |
(c) | Exhibits |
Exhibit No.
|
Description
|
||
Press release dated October 24, 2014
|
SURREY BANCORP
|
||
Date: October 28, 2014
|
By: /s/ Mark H. Towe
|
|
-----------------------------------------------
|
||
Mark H. Towe, Chief Financial Officer
|
![]() |
Post Office Box 1227
Mount Airy, North Carolina 27030
Telephone: (336) 783-3900
Fax: (336) 789-3687
Email: surreybank@surreybank.com
|
For Immediate Release
|
For additional information, please contact
|
|
October 24, 2014
|
Ted Ashby, CEO, or Mark Towe, CFO
|
|
(336) 783-3900
|
September 30,
2014
|
December 31,
2013
|
September 30,
2013
|
||||||||||
(unaudited)
|
(unaudited)
|
|||||||||||
Total assets
|
$
|
252,875
|
$
|
240,919
|
$
|
239,344
|
||||||
Total loans
|
192,467
|
183,284
|
181,819
|
|||||||||
Investments
|
42,783
|
40,890
|
41,748
|
|||||||||
Deposits
|
204,721
|
195,801
|
193,695
|
|||||||||
Borrowed funds
|
7,750
|
7,750
|
7,750
|
|||||||||
Stockholders’ equity
|
36,282
|
34,218
|
34,303
|
|||||||||
Non-performing assets to total assets
|
1.39
|
%
|
1.59
|
%
|
1.66
|
%
|
||||||
Loans past due more than 90 days to total loans
|
0.05
|
%
|
0.02
|
%
|
0.00
|
%
|
||||||
Allowance for loan losses to total loans
|
1.90
|
%
|
1.84
|
%
|
1.81
|
%
|
||||||
Book value per common share
|
$
|
9.15
|
$
|
8.57
|
$
|
8.59
|
||||||
For the Three Months
Ended September 30,
|
For the Nine Months
Ended September 30,
|
|||||||||||||||
2014
|
2013
|
2014
|
2013
|
|||||||||||||
Interest income
|
$
|
2,724
|
$
|
2,612
|
$
|
8,036
|
$
|
7,905
|
||||||||
Interest expense
|
343
|
365
|
1,034
|
1,147
|
||||||||||||
Net interest income
|
2,381
|
2,247
|
7,002
|
6,758
|
||||||||||||
Provision for loan losses
|
139
|
12
|
133
|
148
|
||||||||||||
Net interest income after provision for loan losses
|
2,242
|
2,235
|
6,869
|
6,610
|
||||||||||||
Noninterest income
|
628
|
613
|
1,942
|
2,068
|
||||||||||||
Noninterest expense
|
1,753
|
1,678
|
5,418
|
5,199
|
||||||||||||
Net income before taxes
|
1,117
|
1,170
|
3,393
|
3,479
|
||||||||||||
Provision for income taxes
|
403
|
434
|
1,234
|
1,291
|
||||||||||||
Net income
|
714
|
736
|
2,159
|
2,188
|
||||||||||||
Preferred stock dividend declared
|
46
|
46
|
137
|
137
|
||||||||||||
Net income available to common shareholders
|
$
|
668
|
$
|
690
|
$
|
2,022
|
$
|
2,051
|
||||||||
Basic net income per share
|
$
|
0.19
|
$
|
0.19
|
$
|
0.57
|
$
|
0.58
|
||||||||
Diluted net income per share
|
$
|
0.17
|
$
|
0.18
|
$
|
0.52
|
$
|
0.52
|
||||||||
Return on average total assets1
|
1.14
|
%
|
1.25
|
%
|
1.16
|
%
|
1.24
|
%
|
||||||||
Return on average total equity1
|
7.92
|
%
|
8.64
|
%
|
8.15
|
%
|
8.76
|
%
|
||||||||
Yield on average interest earning assets
|
4.75
|
%
|
4.73
|
%
|
4.67
|
%
|
4.83
|
%
|
||||||||
Cost of funds
|
0.66
|
%
|
0.73
|
%
|
0.66
|
%
|
0.77
|
%
|
||||||||
Net yield on average interest earning assets
|
4.15
|
%
|
4.07
|
%
|
4.07
|
%
|
4.13
|
%
|
||||||||
Overhead efficiency ratio
|
58.24
|
%
|
58.67
|
%
|
60.57
|
%
|
58.90
|
%
|
||||||||
Net charge-offs (recoveries)/average loans
|
0.01
|
%
|
0.08
|
%
|
(0.08
|
)%
|
0.14
|
%
|
1 Year Surrey Bancorp (PK) Chart |
1 Month Surrey Bancorp (PK) Chart |
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