Skyline Bankshares, Inc. · OTC:SLBK
Skyline Bankshares — Parkway Acquisition — Raymond James Emerging Bank Symposium 2017
12 slides from Skyline Bankshares's conference presentation, Sep 7, 2017
Slide 1: Parkway Acquisition Corp.
Parkway Acquisition Corp. HOLDING COMPANY FOR Skyline National Bank Presentation to Raymond James Emerging Bank Symposium September 7, 2017 Allan Funk, CEO Blake Edwards, CFO
Slide 2: Forward Looking Statement Disclaimer
Forward Looking Statement Disclaimer This presentation contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934 as amended. These include statements as to the benefits of the merger, as well
Slide 3: Strategic Merger of Equals
0a Strategic MOE Merger of Equals between Grayson and Cardinal completed on July 1, 2016. Highlights: Contiguous Markets in VA + NC > 100 years history for each bank DELAWARE Merged into new holding company — PKKW Book to book - @ 60 / 40 contribution Market Cap: $52.5 MM Traded on OTCQXB Recent Pri
Slide 4: Exurb and Rural Market Opportunities
S Exurb and Rural Market Opportunities LN € _ ROANOKE Highlight CaRILIONCLINIC = COLLEGE Highlights: Diversified local economies Largely a small business and retail market 2 RADFORD UNIVERSITY #1 Deposit share in home counties Organic growth opportunities available as the branch network is expanded
Slide 5: Stock Highlights
ba Stock Highlights Ticker. PKKW Price Performance Since the Deal Announcement (November 6, 2015) Traded: OTCQXB Pre-announcement M/V: $28.6 MM Current M/V: $52.5 MM 414K Shares Traded Since 1/17 Current Shares Outstanding: 5,021,376 Current Price: $10.45 (as of 9/1/17) TBV: $10.94 (as of 6/30/17) P
Slide 6: Performance vs. Plan
Highlights: Performance in line with projections Systems conversion and rebranding completed in March, 2017 Merger related costs substantially behind us Final stages of integration complete Remaining performance improvement plans: Fee income enhancements Efficiency ratio improvement No adjustments t
Slide 7: Condensed Balance Sheet
Condensed Balance Sheet Highlights: Growth rate on loans of 4.5% Loan-to-deposit ratio of 84.3% Credit mark on acquired loans of 3.8% (@ $164MM portfolio ) Minimal foreclosed assets Growth in DDAs despite merger and rebranding Continued to roll-off higher rate CDs Eliminated borrowings Increasing ca
Slide 8: Condensed Income Statement
Condensed Income Statement six months ended June 30, 2016 Net Interest Margin Interest Income Loans and fees on loans 5,795 Investment Securities 521 Other 36 Total Interest Income 6,352 Interest Expense Deposits 521 Borrowings 248 Total Interest Expense 769 Net interest Income 5,583 Provision for L
Slide 9: Loan Portfolio
Highlights: Diverse portfolio — by loan type, industry, and geography 68% variable ; 32% fixed Weighted average yield of 4.95% Granular small business and retail portfolio: Average balance 1-4 family RE is $84,590 Average balance CRE loans is $225,400 Locally focused (27 lenders) Participations limi
Slide 10: Deposit Mix
S) Deposit Mix IRA's 10% Int Free Demand 26% Highlights: Cost of funds: 30 bps Core deposits to total deposits: 90.0% Core deposits to total assets: 80.6% Certificates 23% 56.7% of IRA's and CD's with average maturity / reprice > 2.5 years No brokered deposits 7 bps positive impact of purchase accou
Slide 11: Leadership
& Leadership . Age Experience Board of Directors: a a ~ “Te Members: annual ens) Thomas Jackson Chairman of the Board ml lcd segs: JD 59 15 * Independent Chair & Vice-Chair ollege of William and Mary, J.D. * 7 Committees Chai : James'Shortt Vice-Chairman of the Virginia Tech, : 54 5 Management Team:
Slide 12: Parkway Acquisition Corp.
Parkway Acquisition Corp. HOLDING COMPANY FOR Skyline National Bank You'll always receive our best, and that’s a promise. Allan Funk, CEO — 276-773-2811 - afunk@skylinenationalbank.com Blake Edwards, CFO - 276-773-2811 - bedwards@skylinenationalbank.com Follow Us: www.SkylineNationalBank.com E©
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