Surrey Bank & Trust in Mount Airy, North Carolina (NC), VA
Overview, Financial Summary, Detailed Financial Reports, Branches

Surrey Bank & Trust - Overview

  • General
  • FDIC Certificate #: 34209
    Status: Active
    Federal Reserve ID: 2483120
    Bank Holding Company (Regulatory Top Holder): Surrey Bancorp (RSSDID: 3163867, Location: Mount Airy, NC)
    Date Established: July 22, 1996
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: Yes)
    FDIC's unique #: 56967
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 22, 1996
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 145 North Renfro Street, Mount Airy, NC 27030
    County: Surry
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Mount Airy, NC (#34340)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $224.7 mil
    Equity capital: $30.2 mil
    Deposits held in domestic offices: $184.5 mil
    Return on assets (ROA): 1.02% ($2.3 mil)
    Quarterly return on assets: 0.76% ($1.7 mil)
    Return on Equity (ROE): 7.79% ($2.3 mil)
    Quarterly return on equity: 5.74% ($1.7 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.64% ($3,684.8 mil)
    Quarterly Pretax return on assets: 1.20% ($2,696.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 66Total employees (full-time equivalent)
  • $224,681Total assets
  • $32,981Cash and due from depository institutions
  • $30,758Interest-bearing balances
  • $2,506Securities
  • $710Federal funds sold & reverse repurchase agreements
  • $175,446Net loans & leases
  • $3,881Loan loss allowance
  • $0Trading account assets
  • $4,520Bank premises and fixed assets
  • $551Other real estate owned
  • $120Goodwill and other intangibles
  • $224,681Life insurance assets
  • $7,847All other assets
  • $194,473Total liabilities and capital
  • $184,487Total liabilities
  • $153,317Total deposits
  • $184,487Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,100Trading liabilities
  • $0Other borrowed funds
  • $1,886Subordinated debt
  • $30,208All other liabilities
  • $30,208Total equity capital
  • $30,208Total bank equity capital
  • $0Perpetual preferred stock
  • $3,834Common stock
  • $7,399Surplus
  • $18,975Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,445Income earned, not collected on loans
  • $174Earning assets
  • $862Long-term assets (5+ years)
  • $209,420Average Assets, year-to-date
  • $33,336Average Assets, quarterly
  • $224,164Volatile liabilities
  • $226,819Insider loans
  • $165,756FHLB advances
  • $226,292Loans and leases held for sale
  • $3,390Unused loan commitments
  • $3,390Tier 1 (core) risk-based capital
  • $28,617Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35,719Restructured Loans and leases
  • $11,765Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,936Total interest income
  • $2,119Total interest expense
  • $8,817Net interest income
  • $744Provision for loan and lease losses
  • $2,504Total noninterest income
  • $0Fiduciary activities
  • $1,043Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,461Additional noninterest income
  • $6,900Total noninterest expense
  • $3,550Salaries and employee benefits
  • $589Premises and equipment expense
  • $2,761Additional noninterest expense
  • $3,677Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,389Applicable income taxes
  • $2,288Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,288Net income attributable to bank
  • $0Net charge-offs
  • $2,288Cash dividends
  • $1,038Sale, conversion, retirement of capital stock, net
  • $350Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 4.24%Net interest margin
  • 1.20%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.64%Pretax return on assets
  • 7.79%Return on equity (ROE)
  • 6.60%Retained earnings to average equity (YTD only)
  • 0.58%Net charge-offs to loans
  • 71.68%Credit loss provision to net charge-offs
  • 4.26%Efficiency ratio
  • 60,949Assets per employee
  • 3.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.30%Loss allowance to loans
  • 2.16%Loss allowance to noncurrent loans
  • 87.31%Noncurrent assets plus other real estate owned to assets
  • 2.22%Noncurrent loans to loans
  • 2.48%Net loans and leases to deposits
  • 95.10%Net loans and leases to core deposits
  • 108.93%Equity capital to assets
  • 13.44%Core capital (leverage) ratio
  • 12.65%Tier 1 risk-based capital ratio
  • 17.26%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $224,164Average earning assets
  • $29,380Average equity
  • $208,182Average loans

List of branches

  • 4 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056967Surrey Bank & Trust145 North Renfro Street, Mount Airy, NC 27030July 22, 1996Full Service Brick and Mortar
    1290470Pine Branch1280 West Pine Street, Mount Airy, NC 27030November 23, 1998Full Service Brick and Mortar
    3419350Rockford Street Branch2050 Rockford Street, Mount Airy, NC 27030June 05, 2003Full Service Brick and Mortar
    4429519Pilot Mountain Branch653 South Key Street, Pilot Mountain, NC 27041December 03, 2003Full Service Brick and Mortar
  • 1 Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    2360707Stuart BranchWoodland Dr, Stuart, VA 24171December 28, 2000Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Surrey Bank & Trust.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents