SKYLINE NATIONAL BANK

113 West Main Street
Independence, VA 24348

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 6861
Date Established 1900
Assets $0.68 billion
Loans $0.53 billion
Deposits $0.60 billion
Capital $0.07 billion

SKYLINE NATIONAL BANK is an FDIC insured institution located in Independence, VA. It was founded in 1900 and has approximately $0.68 billion in assets. Customers can open an account at one of its 17 branches.

For a more detailed analysis of SKYLINE NATIONAL BANK's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in SKYLINE NATIONAL BANK’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks, SKYLINE NATIONAL BANK’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 37.46
Multifamily
Mortgages
6.76
Credit Card Loans 0.00
Consumer Auto Loans 0.47
Small Business Loans 18.32
Construction and Development Loans 6.28
Commercial Real Estate 33.06
Commercial and Industrial Loans 6.17
Farm Loans 0.86

Deposit Rates - June 25, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $2,500 $9,999 Learn MoreShow Less
Money Market
0.15% $10,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.15% $2,500 - Learn MoreShow Less
6 Mo CD
0.25% $2,500 - Learn MoreShow Less
12 Mo CD
0.50% $1,000 - Learn MoreShow Less
18 Mo CD
0.65% $1,000 - Learn MoreShow Less
Special: 24 Mo CD
2.00% $1,000 - Learn MoreShow Less
Special: 24 Mo CD
2.25% $1,000 - Learn MoreShow Less
24 Mo CD
0.75% $1,000 - Learn MoreShow Less
30 Mo CD
0.75% $1,000 - Learn MoreShow Less
36 Mo CD
1.00% $1,000 - Learn MoreShow Less
48 Mo CD
1.26% $1,000 - Learn MoreShow Less
60 Mo CD
1.51% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $50 - Learn MoreShow Less

Loan Rates - June 25, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for SKYLINE NATIONAL BANK

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
3.375% 3.375% -0.13 ($312) $1,106 Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

Note to SKYLINE NATIONAL BANK
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

SKYLINE NATIONAL BANK branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


SKYLINE NATIONAL BANK Locations


Financial Details

SKYLINE NATIONAL BANK Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of SKYLINE NATIONAL BANK. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
SKYLINE NATIONAL BANK U.S. Bank Average
8.13% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, SKYLINE NATIONAL BANK had $5,579,000 in non-current loans and $753,000 in owned real estate. To cover these potential losses it had $74,400,000 in equity and $3,495,000 in loans loss reserves. That gives it a Texas Ratio of 8.13%.

Return on Equity
SKYLINE NATIONAL BANK U.S. Bank Average
8.26% 8.80%

SKYLINE NATIONAL BANK has a Return on Equity of 8.26% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
SKYLINE NATIONAL BANK U.S. Bank Average
10.93% 12.29%

SKYLINE NATIONAL BANK has a Capitalization of 10.93% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

SKYLINE NATIONAL BANK Balance Sheet Analysis

As of December 31, 2018, SKYLINE NATIONAL BANK had assets of $680,619,000, loans of $532,970,000, and deposits of $603,275,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.05 billion
Federal funds sold and reverse repurchase $0.02 billion
Net loans and leases $0.53 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.03 billion
     Total Assets $0.61 billion
LIABILITIES
Total deposits $0.60 billion
      Interest-bearing deposits $0.44 billion
      Deposits held in domestic offices $0.60 billion
      % insured (estimated) 88.69%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.61 billion
      Shareholders’ Equity $0.07 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.03 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Skyline National Bank

Branches and Savings

Is Skyline National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #6861.

Why does Skyline National Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Skyline National Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Skyline National Bank a commercial bank?

Yes

Where are Skyline National Bank locations?

See branch locations nearby.

Is Skyline National Bank open on Saturdays?

Is Skyline National Bank open on Sundays?

What time does Skyline National Bank open?

What time does Skyline National Bank close?

Are Skyline National Bank ATMs Open 24/7?

Do Skyline National Bank ATMs accept cash deposits?

Can Skyline National Bank customers use other ATMs?

Do Skyline National Bank branches have notaries?

Will Skyline National Bank notarize my document?

What address for Skyline National Bank should I put for incoming ACH transfers?

Will the Skyline National Bank branch print checks?

Do Skyline National Bank checks expire?

Does Skyline National Bank require US citizenship to open account?

Can Skyline National Bank close my account?

Does Skyline National Bank Report to credit bureaus?

Does Skyline National Bank Use Equifax?

What is Skyline National Bank's ACH Routing Number?

What is Skyline National Bank's SWIFT code?

Products

Does Skyline National Bank offer mortgages?

Compare mortgage rates here.

Does Skyline National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Skyline National Bank offer personal loans?

Compare personal loan rates here.

Does Skyline National Bank offer student loans?

Will Skyline National Bank cash a check?

Will Skyline National Bank redeem a savings bond?

Does Skyline National Bank cash savings bonds?

Will Skyline National Bank cash money orders?

Can Skyline National Bank issue a money order?

Does Skyline National Bank do currency exchange?

Background on The Bank

Who owns Skyline National Bank?

How long has Skyline National Bank been around?

Can Skyline National Bank transfer to other banks?

Does Skyline National Bank have quick pay?

Does Skyline National Bank accept rolled coins?

Will Skyline National Bank accept loose change?

Where is Skyline National Bank headquarters?

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