Surrey Bancorp maintained its dividend payout when it announced a third quarter cash dividend of 10 cents per share on Wednesday.

The third quarter dividend was based on the company’s “strong financial condition and commitment to delivering shareholder value,” Ted Ashby, President and CEO of Surrey Bancorp, said in a press release.

The dividend will be payable to shareholders on October 7th, according to the company.

Surrey Bancorp is the bank holding company for Surrey Bank & Trust, founded in Mount Airy in 1996. Surrey Bank & Trust has 7 branches in Surrey and Wilkes counties in North Carolina, and Patrick County, Virginia.

Shares of Surrey Bancorp were trading at $14.65 on Thursday, down 15 cents.