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Surrey Bank and Trust

Mount Airy, NC · Cert 34209

FDIC · 7 branches

Q1 2023

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2023, the quarter ended March 31, 2023, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

Surrey Bank and Trust

Mount Airy, NC · Cert 34209

FDIC · 7 branches

Q1 2023

$481.8MAssets
$253.0MLoans
$414.6MDeposits
$61.1MEquity
Loan mix
68%RE $138.3M31%C&I $63.2M1%Consumer $2.9MQ1 2022Q1 2023
Deposit mix
60%Interest-bearing $249.8M40%Noninterest $164.8MQ1 2022Q1 2023

NIM

3.20%Q1 ’212.78%Q1 ’224.70%Q1 ’23-12%+66%

Non-interest income vs. expense

2.07%Q1 ’211.92%Q1 ’222.02%Q1 ’23+88%+6%

Executive Summary

  • Earnings: ROA of 1.92%, up 65 bps year over year; NIM at 4.52%.
  • Asset quality: problem loans at 0.13% of loans (-92 bps YoY), with net charge-offs at 0.05%.
  • Capital: tier 1 leverage ratio of 12.31%, up 139 bps from a year ago.
  • Funding: loans stand at 61.02% of deposits as of Q1 2023.

Financial Results

Return on Assets (YTD, annualized)

1.92%+65 bps YoY

Net Interest Margin (YTD, annualized)

4.52%+180 bps YoY

Efficiency Ratio (YTD, annualized)

40.88%-2,015 bps YoY

Tier 1 Leverage Ratio

12.31%+139 bps YoY

Year to date, annualized, through each quarter.

MetricQ1 2022Q2 2022Q3 2022Q4 2022Q1 2023YoY ΔTrend
Earnings
Return on Assets1.26%1.28%1.42%1.64%1.92%+65 bps
Return on Equity11.52%11.54%12.79%14.57%15.81%+429 bps
Net Interest Margin2.72%2.71%2.98%3.30%4.52%+180 bps
Efficiency Ratio61.02%60.02%54.22%50.05%40.88%-2,015 bps
Non-Interest Burden1.49%1.44%1.40%1.43%1.58%+10 bps
Growth
Asset Growth (YoY)5.18%6.71%5.50%5.50%-2.48%-766 bps
Loan Growth (YoY)-3.30%-2.26%-1.74%-0.22%2.09%+539 bps
Deposit Growth (YoY)5.05%6.94%4.97%4.78%-4.62%-967 bps
Asset Quality
Nonperforming Loans / Loans1.05%0.88%0.12%0.14%0.13%-92 bps
Net Charge-Offs / Loans-0.52%-0.29%-0.09%-0.07%0.05%+57 bps
Allowance / Loans2.00%1.89%1.75%1.67%1.37%-63 bps
Allowance Coverage of NPLs1.9x2.2x14.1x11.8x10.2x+8.3x
Capital
Tier 1 Leverage Ratio10.92%10.96%11.23%11.50%12.31%+139 bps
Total Risk-Based Capital23.79%24.65%25.03%25.56%26.26%+247 bps
Equity / Assets10.94%11.20%11.39%11.57%12.69%+175 bps
Liquidity & Funding
Loans / Deposits57.01%55.93%57.13%56.67%61.02%+401 bps
Liquid Assets / Assets45.44%46.38%45.64%45.64%42.40%-304 bps
CRE / Total Capitaln/an/an/an/an/an/an/a