113 West Main Street
Independence, VA 24348
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Notable Rates APY Vs.Others
Savings N.A. 0.65% →
1-Year CD 0.40% 0.70% →
2-Year CD 0.45% 0.75% →
5-Year CD 0.85% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

SKYLINE NATIONAL BANK is an FDIC insured institution located in Independence, VA. It was founded in 1900 and has approximately $0.91 billion in assets. Customers can open an account at one of its 17 branches.

FDIC Insured Yes
FDIC Certificate # 6861
Date Established 1900
Assets $ 906.51 million
Loans $ 692.63 million
Deposits $ 807.31 million
Capital $ 84.33 million

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.

Deposit Rates - July 24, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $2,500 $9,999 Learn More
Money Market
0.15% $10,000 $49,999 Learn More
6 Mo CD
0.25% $2,500 - Learn More
12 Mo CD
0.40% $1,000 - Learn More
18 Mo CD
0.40% $1,000 - Learn More
24 Mo CD
0.45% $1,000 - Learn More
30 Mo CD
0.45% $1,000 - Learn More
36 Mo CD
0.55% $1,000 - Learn More
48 Mo CD
0.65% $1,000 - Learn More
60 Mo CD
0.85% $1,000 - Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $50 - Learn MoreShow Less

Loan Rates - July 24, 2021

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 2021

Lender APR Rate (%) Monthly
Learn More
CIT Bank
NMLS ID: 541760
2.850% 2.775%
1.00 points
$2,435 fees
$1,024 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
4.840 %
$0 Learn More
More Info

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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.

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Financial Details


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 are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
3.22% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2021, SKYLINE NATIONAL BANK had $2,882,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $84,329,000 in equity and $5,051,000 in loans loss reserves. That gives it a Texas Ratio of 3.22%.

Return on Equity
8.74% 11.43%

SKYLINE NATIONAL BANK has a Return on Equity of 8.74% versus the BestCashCow average of 11.43%. 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.

9.3% 11.51%

SKYLINE NATIONAL BANK has a Capitalization of 9.3% versus the BestCashCow average of 11.51. 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 March 31, 2021, SKYLINE NATIONAL BANK had assets of $906,507,000, loans of $692,634,000, and deposits of $807,310,000. 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

March 31, 2021
Cash & Balances due from depository institutions $ 55.49 million
Interest-bearing balances $ 44.76 million
Total securities $ 89.61 million
Federal funds sold and reverse repurchase $ 0.75 million
Net loans and leases $ 692.63 million
Loan loss allowance $ 5.05 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 5.45 million
All other assets $ 35.22 million
     Total Assets $ 822.18 million
Total deposits $ 807.31 million
      Interest-bearing deposits $ 545.53 million
      Deposits held in domestic offices $ 807.31 million
      % insured (estimated) 86.33%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 10.00 million
Subordinated debt N.A.
All other liabilities $ 4.87 million
      Total Liabilities $ 822.18 million
      Shareholders’ Equity $ 84.33 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 8.05 million
Total Interest Expense $ 0.71 million
Net interest income $ 7.34 million
Provision for loan and lease losses $ 0.16 million
Total non interest income $ 1.40 million
Total non interest expense $ 6.29 million
Pre-tax Net Operating Income $ 2.29 million

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 Commercial and Industrial 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 33.30
Credit Card Loans 0.00
Consumer Auto Loans 0.33
Small Business Loans 0.00
Construction and Development Loans 6.63
Commercial Real Estate 30.35
Commercial and Industrial Loans 14.93
Farm Loans 0.48

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?


Where are Skyline National Bank locations?

See branch locations nearby.

Is Skyline National Bank open on Saturdays?

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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?


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?

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Does Skyline National Bank accept rolled coins?

Will Skyline National Bank accept loose change?

Where is Skyline National Bank headquarters?

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