Skyline Bankshares, Inc. · OTC:SLBK
Skyline Bankshares — Parkway Acquisition — Raymond James Emerging Bank Symposium 2018
13 slides from Skyline Bankshares's conference presentation, Sep 6, 2018
Slide 1: Presentation to Raymond James Emerging Bank Symposium
Parkway Acquisition Corp. HOLDING COMPANY FOR Presentation to Raymond James Emerging Bank SymposiumSeptember 6, 2018 Allan Funk, CEOBlake Edwards, CFO
Slide 2: Forward-Looking Statements
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 of expectations regarding our future results and performance, including expect
Slide 3: Investment Rationale
Investment Rationale Source: SNL FinancialData as of June 30, 2018(1) Representative for banks with total assets between $500 million and $1 billion(2) LTM net income excludes impact of merger related charges 3 Price / TBV (1) Price / LTM Earnings (2) Highlights:Unrecognized value – discount to peer
Slide 4: Overview
Overview *Balances are pro forma for Great State acquisition as of June 30, 2018 4 Green: Grayson National BankBlue: Bank of FloydRed: Great State Bank Highlights:Growing community bank*Assets: $688 millionNet Loans: $526 millionDeposits: $605 millionNetwork: 20 branches, 3 LPO’sDiversified local ec
Slide 5: Exurb and Rural Market Opportunities
Exurb and Rural Market Opportunities 5 Current Markets:Roanoke / Blacksburg / NRV:Healthcare-Carillion Clinic, Lewis Gale HospitalsEducation- Virginia Tech, Radford University, Roanoke CollegeIndustry-Ballast Point, Northfolk Southern, Volvo, PepsiCoBoone / Wilkes / Yadkin / Ashe:Healthcare- Appalac
Slide 6: Stock Highlights
Stock Highlights Price Performance Since Trading on the OTC Exchange (8/31/2016) Highlights:Ticker: PKKWTraded: OTCQXBCurrent Shares Outstanding: 6,213,275Current Price: $13.00 (as of 8/21/18)TBV: $11.18 (as of 6/30/18)Price/TBV: 116.3% Shareholder Base:@ 1,780 registered holdersLargely retail3 of t
Slide 7: Condensed Pro Forma Balance Sheet
Condensed Pro Forma Balance Sheet 7 Highlights:Parkway annualized growth rate on loans of over 6% for MRQPro Forma loan-to-deposit ratio of 86.9%Remaining credit mark of $3.7 million on loans acquired in Cardinal mergerMinimal foreclosed assetsHigh percentage of noninterest-bearing depositsStrong on
Slide 8: Condensed Income Statements - without merger related costs
Condensed Income Statements 8 -without merger related costs
Slide 9: Loan Portfolio
Loan Portfolio Total Balance: $ 530.1 Million Highlights:Diverse portfolio – by loan type, industry, and geographyParkway 69% variable – 31% fixed at 6/30/18Weighted average yield of 4.95%Granular small business and retail portfolio: Average balance 1-4 family RE is $82,353Average balance CRE loans
Slide 10: Deposit Mix
Deposit Mix Highlights:Cost of funds: 41 bps (FDIC peer group average 56 bps)Core deposits to total deposits: 84% (FDIC peer group average 77%)Core deposits to total assets: 74%Noninterest-bearing deposits: 24% (FDIC peer group average 16%)No brokered deposits or internet-based fundingWell positione
Slide 11: Selected Public Peer Group
Selected Public Peer Group Source: SNL FinancialFinancial data is as of June 30, 2018Market Information is as of August 22, 2018(1) Parkway assets pro forma for acquisition of Great State Bank; all other stats standalone as of 6/30/18 11 Headquarters: Virginia & North CarolinaAssets: $500 million -
Slide 12: Leadership
Leadership Age Experience Board of Directors:14 Members (annual terms)Independent Chair & Vice-Chair7 CommitteesManagement Team:Market knowledgeComplimentary skills in core functionsDepth, succession in placeAssociates:“Always our Best”Connected to our communitiesInternship program for future talent
Slide 13: Questions?
Parkway Acquisition Corp. HOLDING COMPANY FOR Questions? Allan Funk, CEO – 276-773-2811 - afunk@skylinenationalbank.comBlake Edwards, CFO – 276-773-2811 - bedwards@skylinenationalbank.com www.SkylineNationalBank.com Follow Us: You’ll always receive our best,And that’s a promise.
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