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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 |
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 February 24, 2016
|
SURREY BANCORP
|
||
Date: February 24, 2016
|
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
|
February 24, 2016
|
Ted Ashby, CEO, or Mark Towe, CFO
|
(336) 783-3900
|
December 31,
2015
|
December 31,
2014
|
|||||||
(unaudited)
|
||||||||
Total assets
|
$
|
257,777
|
$
|
253,201
|
||||
Total loans
|
201,532
|
193,104
|
||||||
Investments
|
39,877
|
43,510
|
||||||
Deposits
|
212,688
|
206,667
|
||||||
Borrowed funds
|
2,750
|
6,250
|
||||||
Stockholders’ equity
|
38,671
|
36,771
|
||||||
Non-performing assets to total assets
|
0.61
|
%
|
1.29
|
%
|
||||
Loans past due more than 90 days to total loans
|
0.63
|
%
|
0.03
|
%
|
||||
Allowance for loan losses to total loans
|
1.80
|
%
|
1.84
|
%
|
||||
Book value per common share
|
$
|
9.80
|
$
|
9.27
|
For the Three Months
Ended December 31,
|
For the Twelve Months
Ended December 31,
|
|||||||||||||||
2015
|
2014
|
2015
|
2014
|
|||||||||||||
Interest income
|
$
|
2,865
|
$
|
2,779
|
$
|
11,104
|
$
|
10,816
|
||||||||
Interest expense
|
270
|
315
|
1,135
|
1,350
|
||||||||||||
Net interest income
|
2,595
|
2,464
|
9,969
|
9,466
|
||||||||||||
Provision for loan losses
|
157
|
79
|
242
|
212
|
||||||||||||
Net interest income after provision for loan losses
|
2,438
|
2,385
|
9,727
|
9,254
|
||||||||||||
Noninterest income
|
801
|
1,313
|
2,718
|
3,255
|
||||||||||||
Noninterest expense
|
1,989
|
1,897
|
7,659
|
7,315
|
||||||||||||
Net income before taxes
|
1,250
|
1,801
|
4,786
|
5,194
|
||||||||||||
Provision for income taxes
|
456
|
516
|
1,725
|
1,751
|
||||||||||||
Net income
|
794
|
1,285
|
3,061
|
3,443
|
||||||||||||
Preferred stock dividend declared
|
46
|
46
|
183
|
183
|
||||||||||||
Net income available to common shareholders
|
$
|
748
|
$
|
1,239
|
$
|
2,878
|
$
|
3,260
|
||||||||
Basic net income per share
|
$
|
0.21
|
$
|
0.35
|
$
|
0.81
|
$
|
0.92
|
||||||||
Diluted net income per share
|
$
|
0.19
|
$
|
0.31
|
$
|
0.73
|
$
|
0.82
|
||||||||
Return on average total assets (1)
|
1.17
|
%
|
2.02
|
%
|
1.17
|
%
|
1.38
|
%
|
||||||||
Return on average total equity (1)
|
8.11
|
%
|
13.96
|
%
|
8.01
|
%
|
9.65
|
%
|
||||||||
Yield on average interest earning assets
|
4.51
|
%
|
4.69
|
%
|
4.55
|
%
|
4.68
|
%
|
||||||||
Cost of funds
|
0.47
|
%
|
0.59
|
%
|
0.51
|
%
|
0.64
|
%
|
||||||||
Net yield on average interest earning assets
|
4.09
|
%
|
4.16
|
%
|
4.09
|
%
|
4.10
|
%
|
||||||||
Overhead efficiency ratio
|
58.57
|
%
|
50.23
|
%
|
60.37
|
%
|
57.50
|
%
|
||||||||
Net charge-offs/average loans
|
0.05
|
%
|
0.09
|
%
|
0.09
|
%
|
0.02
|
%
|
(1)
|
Annualized for all periods presented.
|
1 Year Surrey Bancorp (PK) Chart |
1 Month Surrey Bancorp (PK) Chart |
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