During the corresponding time, Surrey Bancorp recorded a revenue increase by 18.55 % year on year, sequentially revenue grew by 12.31 %. While revenue at the Surrey Bancorp's corporate clients
Surrey Bancorp's Comment on Sales, Marketing and Customers
Deposits are derived from a broad base of customers in the Company’s trade
area. No material portion of deposits have been obtained from a single person
or a few persons (including Federal, State, and local governments and agencies
thereunder), the loss of which would have a materially adverse effect on the business
of the Company.
The majority of loans and commitments to extend credit have been granted to
customers in the Company’s market area. The majority of such customers
are depositors. The Company generally does not extend credit to any single borrower
or group of related borrowers in excess of approximately $5,700,000. Although
the Company has a reasonably diversified portfolio, it has loan concentrations
relating to customers who are in the following industries: residential real
estate, real estate leasing and development, fabricated metal products manufacturing,
accommodations, utilities, heavy construction, repairs and maintenance industries,
nursing and residential care facilities, motion picture and sound recording
industries, trucking, amusement facilities and various manufacturing industries.
Surrey Bancorp’s Comment on Sales, Marketing and Customers
Deposits are derived from a broad base of customers in the Company’s trade
area. No material portion of deposits have been obtained from a single person
or a few persons (including Federal, State, and local governments and agencies
thereunder), the loss of which would have a materially adverse effect on the business
of the Company.
The majority of loans and commitments to extend credit have been granted to
customers in the Company’s market area. The majority of such customers
are depositors. The Company generally does not extend credit to any single borrower
or group of related borrowers in excess of approximately $5,700,000. Although
the Company has a reasonably diversified portfolio, it has loan concentrations
relating to customers who are in the following industries: residential real
estate, real estate leasing and development, fabricated metal products manufacturing,
accommodations, utilities, heavy construction, repairs and maintenance industries,
nursing and residential care facilities, motion picture and sound recording
industries, trucking, amusement facilities and various manufacturing industries.
Sources:
Surrey Bancorp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Surrey Bancorp’s corporate clients.
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