Skyline Bankshares Inc. Stock Analysis SLBK

Skyline Bankshares, Inc. operates as a holding company, which engages in the provision of banking solutions through its subsidiary, Skyline National Bank. The company is headquartered in Floyd, Virginia and currently employs 247 full-time employees. The company went IPO on 2016-08-26. The firm offers a wide range of retail and commercial banking services through its wholly owned bank subsidiary, Skyline National Bank (the Bank). The Bank serves the Virginia counties of Grayson, Floyd, Carroll, Wythe, Pulaski, Montgomery, Roanoke, Patrick and Washington, and the North Carolina counties of Alleghany, Ashe, Burke, Caldwell, Catawba, Cleveland, Davie, Iredell, Watauga, Wilkes, and Yadkin, and the surrounding areas through approximately 28 full-service banking offices. The Bank’s loan portfolio includes commercial and agricultural production loans. The Bank’s lending services include real estate, commercial, agricultural, and consumer loans. The Bank invests a portion of its assets in the United States Treasury, the United States Government agency, and the United States Government Sponsored Enterprise securities and State and Municipal bonds, as well as investment-grade corporate bond issues.