Skyline Bankshares, Inc., a bank holding company based in Floyd, Virginia, reported significant financial growth for the fiscal year ending December 31, 2025. The company achieved net earnings of $15.8 million, a substantial increase from $7.4 million in 2024. This growth was driven by a 7.55% increase in the Bank's core loan portfolio, which expanded by $74.2 million, contributing to a return on average assets of 1.24% and a return on average equity of 16.16%, compared to 0.67% and 8.69% in the previous year. The net interest margin also improved, rising to 4.27% from 3.82% in 2024.
The company underwent notable strategic changes, including the acquisition of Johnson County Bank (JCB) in an all-cash transaction valued at $25 million, which was finalized on September 1, 2024. This acquisition allowed Skyline Bankshares to expand its operations into Eastern Tennessee, adding $154.1 million in assets, including $87.2 million in loans, and assuming $133.8 million in liabilities. The merger was part of a broader strategy to enhance the company's market presence and diversify its loan portfolio, which is heavily weighted towards real estate and commercial loans.
Operationally, Skyline Bankshares reported a total employee count of 254 as of December 31, 2025, reflecting the integration of JCB's workforce. The company operates 28 full-service banking offices and two loan production offices across Virginia, North Carolina, and Tennessee. Average total deposits increased by 15.05% to $1.14 billion, with core deposits rising by 13.60% to $1.02 billion. The company also noted a shift in deposit composition, with a higher percentage of interest-bearing deposits, which increased to 68.8% of total deposits.
Looking ahead, Skyline Bankshares anticipates continued growth in its loan portfolio, although it faces challenges related to competitive pressures on deposit rates and rising operating costs. Management expects that the core loan growth achieved in 2025 will positively impact earning assets and loan yields in the coming year. However, they also acknowledge that maintaining deposit levels may be challenging due to the competitive landscape and changing market conditions. The company remains committed to its growth strategy while managing risks associated with credit quality and economic fluctuations.
About Skyline Bankshares, Inc.
Skyline Bankshares, Inc. is a Virginia-based bank holding company operating Skyline National Bank, which provides retail and commercial banking services. Its core activities include lending (real estate, commercial, agricultural, consumer), investment management, and deposit services across Virginia, North Carolina, and Tennessee. The company emphasizes conservative risk management, regulatory compliance, and community-focused banking to serve small and medium-sized businesses and local communities.
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