secwatch.observer — SEC 8-K summary
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Issuer:     Skyline Bankshares, Inc. (SLBK)
CIK:        0001657642
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0001437749-22-011350
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parkway Q1 net income $2.4M ($0.43/share); total assets cross $1B
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- Net income $2.4M vs $1.8M YoY; diluted EPS $0.43 vs $0.31 (+38.7% increase attributed to earnings and share repurchases).
- Total assets reached $1.0B, up $11.6M from Dec 2021; core loans grew annualized 16% excluding SBA-PPP.
- Net interest margin 3.53% vs 3.70% YoY; interest income $8.5M vs $8.1M; interest expense on deposits down 35%.
- Deposits $921.1M, up $22.9M (+2.55%) in Q1; opened second Hickory, NC branch in Feb 2022.
- Nonperforming loans to total loans 0.23%; allowance for loan losses 0.83%; book value per share $14.12.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657642/000143774922011350/0001437749-22-011350-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657642/000143774922011350/pkkw20220506_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-011350

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer