secwatch.observer — SEC 8-K summary
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Issuer:     Skyline Bankshares, Inc. (SLBK)
CIK:        0001657642
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001437749-22-025535
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Parkway Acquisition Q3 net income $2.8M ($0.50/sh) vs $2.7M ($0.45/sh) YoY; NIM expands to 3.70%
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- Net income $2.8M ($0.50/sh) in Q3 2022, up from $2.7M ($0.45/sh) in Q3 2021; 9-month net income $7.4M ($1.32/sh) vs $6.8M ($1.14/sh).
- Net interest margin expanded to 3.70% in Q3 2022 from 3.54% in Q2 2022 and 3.60% in Q3 2021.
- Core loans grew $92.5M (14.41%) YoY, offsetting $37.7M decline in PPP loans; annualized core loan growth 16.50% in 9M 2022.
- Total deposits $945.7M (+$47.5M vs Dec 2021); noninterest-bearing deposits increased $13.0M during Q3.
- Nonperforming loans 0.24% of total loans; allowance for loan losses 0.83%; stockholder equity decreased $14.7M due to unrealized securities losses.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1657642/000143774922025535/0001437749-22-025535-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1657642/000143774922025535/pkkw20221102_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-025535

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