SKYLINE NATIONAL BANK
Independence, Virginia, Grayson County
$1.3B in total assets, the 845th largest of 4,309 US banks and 25th of 57 headquartered in Virginia.
- FDIC certificate
- 6861
- Established
- 1900
- Owned by
- Skyline Bankshares Inc
- Primary regulator
- OCC
- Website
- www.skylinenationalbank.bank
At a glance
Compared with 22 banks headquartered in Virginia with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $1.3B | 18% | $2.0B | |
| Loans | $1.1B | 32% | $1.4B | |
| Deposits | $1.2B | 18% | $1.7B | |
| Return on assets | 1.43% | 59% | 1.19% | |
| Net interest margin | 4.67% | 96% | 3.62% | |
| Efficiency ratio | 58.0% | 32% | 60.5% | |
| Equity to assets | 8.64% | 18% | 10.65% | |
| Loans to deposits | 94% | 68% | 89% |
Growth
Total assets grew 7.1% a year over the last 5 years and 15.4% a year over 10 years, including 3 acquisitions in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Sep 2024 | Johnson County Bank Mountain City, TN | $160M |
| Jul 2018 | Great State Bank Wilkesboro, NC | $144M |
| Jul 2016 | Bank of Floyd Floyd, VA | $249M |
Where they operate
28 branches in 19 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Floyd County, VA | $161M | 50.5% | 1 of 3 |
| Grayson County, VA | $142M | 75.5% | 1 of 2 |
| Carroll County, VA | $142M | 32.9% | 2 of 4 |
| Johnson County, TN | $126M | 33.9% | 2 of 3 |
| Wilkes County, NC | $72M | 8.4% | 6 of 9 |
| Yadkin County, NC | $71M | 12.8% | 4 of 6 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 18 branches since 2016 (10 to 28, +180.0%). 8 opened, 10 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 10 | |||
| 2016 | Acquired Bank of Floyd | 6 | 0 | +6 | 16 |
| 2018 | Acquired Great State BankOpened West Jefferson | 4 | 0 | +4 | 20 |
| 2019 | Opened Mocksville | 1 | 0 | +1 | 21 |
| 2020 | Opened 3 in North Carolina | 3 | 0 | +3 | 24 |
| 2022 | Opened Hickory | 1 | 0 | +1 | 25 |
| 2023 | Opened Blacksburg and Meadows Of Dan | 2 | 0 | +2 | 27 |
| 2024 | Acquired Johnson County Bank | 1 | 0 | +1 | 28 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| 1-4 family residential | 46% | 29% | |
| Commercial real estate | 29% | 37% | |
| Multifamily | 10% | 7% | |
| Construction and land | 6% | 8% | |
| Business (C&I) | 5% | 11% | |
| Farmland | 2% | 2% | |
| Consumer | 1% | 4% | |
| Other | 0% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 39% | 52% | |
| Noninterest-bearing | 31% | 24% | |
| Time deposits | 30% | 24% |
Brokered deposits are 0.0% of deposits (peers 6.6%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.34% | 0.35% |
| Net charge-offs, annualized | 0.01% | 0.06% |
| Reserves to loans | 0.83% | 1.02% |
| Leverage ratio | 8.81% | 10.80% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Virginia
Largest competitors in Floyd County, VA
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/skyline