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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 of incorporation)
|
(Commission File No.)
|
(I.R.S. Employer Identification No.)
|
145 North Renfro Street, Mount Airy, NC
|
27030
|
|
(Address of principal executive offices)
|
(Zip Code)
|
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under Exchange Act (17 CFR 240.14d-2(b)) |
☐
|
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
|
SURREY BANCORP
|
||
Date: July 27, 2015
|
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
|
July 27, 2015
|
Ted Ashby, CEO, or Mark Towe, CFO
|
(336) 783-3900
|
June 30,
2015
|
December 31,
2014
|
June 30,
2014
|
||||||||||
(unaudited)
|
(unaudited)
|
|||||||||||
Total assets
|
$
|
253,080
|
$
|
253,201
|
$
|
250,056
|
||||||
Total loans
|
193,568
|
193,104
|
184,434
|
|||||||||
Investments
|
42,995
|
43,510
|
48,072
|
|||||||||
Deposits
|
207,433
|
206,667
|
203,357
|
|||||||||
Borrowed funds
|
4,250
|
6,250
|
7,750
|
|||||||||
Stockholders’ equity
|
38,151
|
36,771
|
35,617
|
|||||||||
Non-performing assets to total assets
|
0.78
|
%
|
1.29
|
%
|
1.28
|
%
|
||||||
Loans past due more than 90 days to total loans
|
0.04
|
%
|
0.03
|
%
|
0.05
|
%
|
||||||
Allowance for loan losses to total loans
|
1.91
|
%
|
1.84
|
%
|
1.91
|
%
|
||||||
Book value per common share
|
$
|
9.66
|
$
|
9.27
|
$
|
8.96
|
For the Three Months
Ended June 30,
|
For the Six Months
Ended June 30,
|
|||||||||||||||
2015
|
2014
|
2015
|
2014
|
|||||||||||||
Interest income
|
$
|
2,726
|
$
|
2,679
|
$
|
5,446
|
$
|
5,312
|
||||||||
Interest expense
|
289
|
344
|
586
|
691
|
||||||||||||
Net interest income
|
2,437
|
2,335
|
4,860
|
4,621
|
||||||||||||
Provision for loan losses
|
70
|
56
|
(43
|
)
|
(7
|
)
|
||||||||||
Net interest income after provision for loan losses
|
2,367
|
2,279
|
4,903
|
4,628
|
||||||||||||
Noninterest income
|
625
|
732
|
1,250
|
1,313
|
||||||||||||
Noninterest expense
|
1,837
|
1,798
|
3,870
|
3,665
|
||||||||||||
Net income before taxes
|
1,155
|
1,213
|
2,283
|
2,276
|
||||||||||||
Provision for income taxes
|
415
|
445
|
815
|
832
|
||||||||||||
Net income
|
740
|
768
|
1,468
|
1,444
|
||||||||||||
Preferred stock dividend declared
|
46
|
46
|
91
|
91
|
||||||||||||
Net income available to common shareholders
|
$
|
694
|
$
|
722
|
$
|
1,377
|
$
|
1,353
|
||||||||
Basic net income per share
|
$
|
0.20
|
$
|
0.20
|
$
|
0.39
|
$
|
0.38
|
||||||||
Diluted net income per share
|
$
|
0.18
|
$
|
0.18
|
$
|
0.35
|
$
|
0.35
|
||||||||
Return on average total assets
|
1.16
|
%
|
1.23
|
%
|
1.16
|
%
|
1.17
|
%
|
||||||||
Return on average total equity
|
7.80
|
%
|
8.68
|
%
|
7.82
|
%
|
8.26
|
%
|
||||||||
Yield on average interest earning assets
|
4.59
|
%
|
4.69
|
%
|
4.64
|
%
|
4.70
|
%
|
||||||||
Cost of funds
|
0.54
|
%
|
0.66
|
%
|
0.55
|
%
|
0.67
|
%
|
||||||||
Net yield on average interest earning assets
|
4.10
|
%
|
4.09
|
%
|
4.14
|
%
|
4.08
|
%
|
||||||||
Overhead efficiency ratio
|
60.00
|
%
|
58.61
|
%
|
63.34
|
%
|
61.76
|
%
|
||||||||
Net charge-offs (recoveries)/average loans
|
-(0.10
|
%)
|
-(0.06
|
%)
|
-(0.09
|
%)
|
-(0.03
|
%)
|
(1)
|
Annualized for all periods presented. |
1 Year Surrey Bancorp (PK) Chart |
1 Month Surrey Bancorp (PK) Chart |
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