Parkway Q2 net income $2.3M ($0.38/share) doubles YoY; assets grow 19% to $947M

Skyline Bankshares, Inc.

Net income $2.3M ($0.38 diluted EPS) vs $1.1M ($0.18) in Q2 2020; H1 net income $4.1M ($0.69) vs $2.8M ($0.46).
Net interest margin 3.69% vs 3.95% a year earlier; net interest income after provision $7.7M vs $6.4M.
Total assets $946.9M (+19% YoY); deposits $846.3M (+22%); net loans $692.0M (+7%).
Nonperforming loans ratio improved to 0.29% from 0.73% a year ago; allowance 0.77% of loans.
Repurchased 35,000 shares in Q2; book value per share $14.47, up from $14.00 at Q1 2021.

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