We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 |
SURREY BANCORP
|
(Exact name of registrant as specified in its charter)
|
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)
|
Not Applicable
|
(Former name of former address, if changed since last report
|
☐ | 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
|
||
Press release dated October 28, 2015
|
SURREY BANCORP
|
||
Date: October 28, 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 |
October 28, 2015
|
Ted Ashby, CEO, or Mark Towe, CFO
|
(336) 783-3900
|
September 30,
2015
|
December 31,
2014
|
September 30,
2014
|
||||||||||
(unaudited)
|
(unaudited)
|
|||||||||||
Total assets
|
$
|
276,916
|
$
|
253,201
|
$
|
252,875
|
||||||
Total loans
|
198,743
|
193,104
|
192,467
|
|||||||||
Investments
|
61,535
|
43,510
|
42,783
|
|||||||||
Deposits
|
229,949
|
206,667
|
204,721
|
|||||||||
Borrowed funds
|
4,250
|
6,250
|
7,750
|
|||||||||
Stockholders’ equity
|
38,880
|
36,771
|
36,282
|
|||||||||
Non-performing assets to total assets
|
0.63
|
%
|
1.29
|
%
|
1.39
|
%
|
||||||
Loans past due more than 90 days to total loans
|
0.06
|
%
|
0.03
|
%
|
0.05
|
%
|
||||||
Allowance for loan losses to total loans
|
1.80
|
%
|
1.84
|
%
|
1.90
|
%
|
||||||
Book value per common share
|
$
|
9.86
|
$
|
9.27
|
$
|
9.15
|
For the Three Months
Ended September 30,
|
For the Nine Months
Ended September 30,
|
|||||||||||||||
2015
|
2014
|
2015
|
2014
|
|||||||||||||
Interest income
|
$
|
2,792
|
$
|
2,724
|
$
|
8,238
|
$
|
8,036
|
||||||||
Interest expense
|
279
|
343
|
864
|
1,034
|
||||||||||||
Net interest income
|
2,513
|
2,381
|
7,374
|
7,002
|
||||||||||||
Provision for loan losses
|
129
|
139
|
86
|
133
|
||||||||||||
Net interest income after provision for loan losses
|
2,384
|
2,242
|
7,288
|
6,869
|
||||||||||||
Noninterest income
|
667
|
628
|
1,918
|
1,942
|
||||||||||||
Noninterest expense
|
1,800
|
1,753
|
5,670
|
5,418
|
||||||||||||
Net income before taxes
|
1,251
|
1,117
|
3,536
|
3,393
|
||||||||||||
Provision for income taxes
|
453
|
403
|
1,269
|
1,234
|
||||||||||||
Net income
|
798
|
714
|
2,267
|
2,159
|
||||||||||||
Preferred stock dividend declared
|
46
|
46
|
137
|
137
|
||||||||||||
Net income available to common shareholders
|
$
|
752
|
$
|
668
|
$
|
2,130
|
$
|
2,022
|
||||||||
Basic net income per share
|
$
|
0.21
|
$
|
0.19
|
$
|
0.60
|
$
|
0.57
|
||||||||
Diluted net income per share
|
$
|
0.19
|
$
|
0.17
|
$
|
0.54
|
$
|
0.52
|
||||||||
Return on average total assets
|
1.19
|
%
|
1.14
|
%
|
1.17
|
%
|
1.16
|
%
|
||||||||
Return on average total equity
|
8.26
|
%
|
7.92
|
%
|
7.97
|
%
|
8.15
|
%
|
||||||||
Yield on average interest earning assets
|
4.44
|
%
|
4.75
|
%
|
4.57
|
%
|
4.67
|
%
|
||||||||
Cost of funds
|
0.49
|
%
|
0.66
|
%
|
0.53
|
%
|
0.66
|
%
|
||||||||
Net yield on average interest earning assets
|
4.00
|
%
|
4.15
|
%
|
4.09
|
%
|
4.07
|
%
|
||||||||
Overhead efficiency ratio
|
56.58
|
%
|
58.247
|
%
|
61.02
|
%
|
60.57
|
%
|
||||||||
Net charge-offs (recoveries)/average loans
|
0.13
|
%
|
0.01
|
%
|
0.04
|
%
|
-0.08
|
%
|
(1)
|
Annualized for all periods presented.
|
1 Year Surrey Bancorp (PK) Chart |
1 Month Surrey Bancorp (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions