Skyline National Bank Mortgage Rates, Fees & Info

Independence, VA

LEI: 254900R1UY5PAEIHXX38

Tax ID: 54-0228860

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Mortgage Data

Bank Data

Review & Overview

Skyline National Bank is a smaller bank specializing in Home Purchase loans. Skyline National Bank has a high proportion of conventional loans. Their top markets by origination volume include: Blacksburg, Boone, Roanoke, Winston, and Shelby among others. We have data for 15 markets. (Some data included below & more in-depth data is available with an active subscription.)

Skyline National Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

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Originations

283

Origination Dollar Volume (All Markets)

$46,185,000

Employee count

206

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 179 $21,175,000 $118,296 $0 0.00%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 34 $9,420,000 $277,059 $0 0.00%
Boone, NC (FHA|USDA|VA) 17 $5,025,000 $295,588 $0 0.00%
ROANOKE, VA (FHA|USDA|VA) 20 $4,590,000 $229,500 $0 0.00%
WINSTON-SALEM, NC (FHA|USDA|VA) 9 $1,735,000 $192,778 $0 0.00%
Shelby, NC (FHA|USDA|VA) 1 $865,000 $865,000 $0 0.00%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $690,000 $172,500 $0 0.00%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 6 $650,000 $108,333 $0 0.00%
North Wilkesboro, NC (FHA|USDA|VA) 5 $595,000 $119,000 $0 0.00%
Danville, VA (FHA|USDA|VA) 2 $390,000 $195,000 $0 0.00%
Martinsville, VA (FHA|USDA|VA) 1 $375,000 $375,000 $0 0.00%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $270,000 $135,000 $0 0.00%
LYNCHBURG, VA (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
Morehead City, NC (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $45,000 $45,000 $0 0.00%
Skyline National Bank's top markets include Blacksburg, Boone, Roanoke, Winston, and Shelby among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 283 $46,185,000 $163,198 $0 0.00%

    For 2018, Skyline National Bank's most frequently originated type of loan was Conventional, with 283 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 168 $30,800,000 $183,333 $0 0.00%
    Cash Out Refi 57 $8,345,000 $146,404 $0 0.00%
    Refi 28 $4,630,000 $165,357 $0 0.00%
    Home Improvement 19 $1,845,000 $97,105 $0 0.00%
    Other 11 $565,000 $51,364 $0 0.00%

    For 2018, Skyline National Bank's most frequently cited loan purpose was Home Purchase, with 168 originations. The 2nd most popular reason was Cash Out Refi, with 57 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 283 $46,185,000 $163,198 $0 0.00%

    For 2018, Skyline National Bank's most frequently cited loan duration was Other, with 283 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 137 $7,855,000 $57,336 $0 0.00%
    $100k-200k 81 $11,385,000 $140,556 $0 0.00%
    $200k-400k 47 $12,525,000 $266,489 $0 0.00%
    $600k-1MM 8 $5,800,000 $725,000 $0 0.00%
    $400k-600k 6 $2,580,000 $430,000 $0 0.00%
    $1MM+ 4 $6,040,000 $1,510,000 $0 0.00%

    2018 saw Skyline National Bank place emphasis on $100,000 or less loans with 137 originations, totaling $7,855,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 79 $6,195,000 $78,418 $0 0.00%
    $50k-75k 44 $4,790,000 $108,864 $0 0.00%
    $100k-150k 38 $5,270,000 $138,684 $0 0.00%
    $75k-100k 36 $4,920,000 $136,667 $0 0.00%
    $150k-250k 17 $5,065,000 $297,941 $0 0.00%
    $250k+ 12 $3,950,000 $329,167 $0 0.00%

    Skyline National Bank lent most frequently to those with incomes in the $50k or less range, with 79 originations. The second most popular income band? $50k-75k, with 44 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 283 $46,185,000 $163,198 $0 0.00%

    Skyline National Bank lent most frequently to those with DTI ratios of Exempt%, with 283 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 209 $26,155,000 $125,144 $0 0.00%
    Not applicable 54 $15,750,000 $291,667 $0 0.00%
    Not provided 16 $3,690,000 $230,625 $0 0.00%
    Black 2 $370,000 $185,000 $0 0.00%
    Native Hawaiian or Islander 1 $165,000 $165,000 $0 0.00%
    Other Pacific Islander 1 $55,000 $55,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    87.27%

    Skyline National Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    84.10%

    Skyline National Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 283 $46,185,000 $163,198

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 3 $635,000 $211,667
    Multifamily:Site-Built 16 $9,600,000 $600,000
    Single Family (1-4 Units):Manufactured 29 $2,005,000 $69,138
    Single Family (1-4 Units):Site-Built 235 $33,945,000 $144,447

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    SKYLINE NATIONAL BANK 101 Jacksonville Circle Floyd, VA 24091 Full Service B&M $124,071
    SKYLINE NATIONAL BANK 101 Ripshin Road Troutdale, VA 24378 Full Service B&M $11,329
    SKYLINE NATIONAL BANK 1055 Mt Jefferson Road West Jefferson, NC 28694 Full Service B&M $779
    SKYLINE NATIONAL BANK 113 West Main Street Independence, VA 24348 Full Service B&M $69,345
    SKYLINE NATIONAL BANK 16305 Highlands Parkway Whitetop, VA 24292 Full Service B&M $4,599
    SKYLINE NATIONAL BANK 1634 West Main Street Salem, VA 24153 Full Service B&M $8,915
    SKYLINE NATIONAL BANK 209 West Grayson Street Galax, VA 24333 Full Service B&M $43,353
    SKYLINE NATIONAL BANK 2145 Roanoke St, Se Christiansburg, VA 24073 Full Service B&M $11,202
    SKYLINE NATIONAL BANK 4094 Postal Drive Roanoke, VA 24018 Full Service B&M $26,993
    SKYLINE NATIONAL BANK 419 South Main Street Hillsville, VA 24343 Full Service B&M $58,028
    SKYLINE NATIONAL BANK 420 North Fourth Street Wytheville, VA 24382 Full Service B&M $15,092
    SKYLINE NATIONAL BANK 5598-B Floyd Highway South Willis, VA 24380 Limited, Drive-thru $0
    SKYLINE NATIONAL BANK 60 Comers Rock Road Elk Creek, VA 24326 Full Service B&M $14,877
    SKYLINE NATIONAL BANK 7349 Perpper Ferry Boulevard Radford, VA 24141 Full Service B&M $7,996
    SKYLINE NATIONAL BANK 802 East Main Street Independence, VA 24348 Full Service B&M $27,570
    SKYLINE NATIONAL BANK 8351 Carrollton Pike Galax, VA 24333 Full Service B&M $20,593
    SKYLINE NATIONAL BANK 98 S Grayson St Sparta, NC 28675 Full Service B&M $31,778

    For 2018, Skyline National Bank had 17 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $26,185
    Net interest income $24,285
    Total noninterest income $4,630
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1,538
    Trading account gains and fees $0
    Additional Noninterest Income $3,092
    Pre-tax net operating income $5,815
    Securities gains (or losses, -) $0
    Income before extraordinary items $4,585
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,585
    Minority interest net income $0
    Net income $4,585
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,585

    Skyline National Bank's gross interest income from loans was $26,185,000.
    Skyline National Bank's net interest income from loans was $24,285,000.
    Skyline National Bank's fee based income from loans was $1,538,000.
    Skyline National Bank's net income from loans was $4,585,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,900
    Provision for credit losses $325
    Total noninterest expense $22,775
    Salaries and employee benefits $11,781
    Premises and equipment expense $2,248
    Additional noninterest expense $8,746
    Applicable income taxes $1,230
    Net charge-offs $283
    Cash dividends $1,123

    Skyline National Bank's interest expense for loans was $1,900,000.
    Skyline National Bank's payroll and benefits expense were $11,781,000.
    Skyline National Bank's property, plant and equipment expenses $2,248,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 1.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $603,275
    Deposits held in domestic offices $603,275
    Deposits by Individuals, partnerships, and corporations $573,405
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $29,870
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $239,435
    Demand deposits $160,398
    Nontransaction accounts $363,840
    Money market deposit accounts (MMDAs) $54,584
    Other savings deposits (excluding MMDAs) $129,114
    Total time deposits $180,142
    Total time and savings deposits $442,877
    Noninterest-bearing deposits $161,573
    Interest-bearing deposits $441,702
    Retail deposits $572,719
    IRAs and Keogh plan accounts $46,857
    Brokered deposits $1,433
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $680,032
    Cash & Balances due from depository institutions $21,013
    Interest-bearing balances $12,159
    Total securities $45,428
    Federal funds sold & reverse repurchase $18,990
    Net loans and leases $532,970
    Loan and leases loss allowance $3,495
    Trading account assets $0
    Bank premises and fixed assets $20,685
    Other real estate owned $753
    Goodwill and other intangibles $7,090
    All other assets $33,103

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $680,032
    Total Liabilities $606,219
    Total deposits $603,275
    Interest-bearing deposits $441,702
    Deposits held in domestic offices $603,275
    % insured (estimated) $89
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $2,944

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $532,970
    Loan and leases loss allowance $3,495
    Total loans and leases (domestic) $536,465
    All real estate loans $478,621
    Real estate loans in domestic offices $478,621
    Construction and development loans $33,449
    Residential 1-4 family construction $5,925
    Other construction, all land development and other land $27,524
    Loans secured by nonfarm nonresidential properties $176,192
    Nonfarm nonresidential secured by owner-occupied properties $96,582
    Commercial real estate & other non-farm, non-residential $79,610
    Multifamily residential real estate $36,027
    1-4 family residential loans $199,662
    Farmland loans $33,291
    Loans held in foreign offices $0
    Farm loans $4,600
    Commercial and industrial loans $32,891
    To non-U.S. addressees $0
    Loans to individuals $7,396
    Credit card loans $0
    Related Plans $134
    Consumer Auto Loans $2,524
    Other loans to individuals $4,738
    All other loans & leases $12,958
    Loans to foreign governments and official institutions $0
    Other loans $2,268
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $739
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $4,805
    Non 1-4 family restructured loans & leases $1,839
    Total loans and leases (foreign) $0

    Skyline National Bank had $532,970,000 of loans outstanding in 2018. $478,621,000 of loans were in real estate loans. $33,449,000 of loans were in development loans. $36,027,000 of loans were in multifamily mortgage loans. $199,662,000 of loans were in 1-4 family mortgage loans. $4,600,000 of loans were in farm loans. $0 of loans were in credit card loans. $2,524,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 571 $97,662 $171,037
    Nonfarm, nonresidential loans - <$100k 135 $5,296 $39,230
    Nonfarm, nonresidential loans - $100-250k 189 $22,950 $121,429
    Nonfarm, nonresidential loans - $250k-1MM 247 $69,416 $281,036
    Commercial & Industrial, US addressed loans - <$1MM 701 $28,456 $40,593
    Commercial & Industrial, US addressed loans - <$100k 508 $9,443 $18,589
    Commercial & Industrial, US addressed loans - $100-250k 84 $6,685 $79,583
    Commercial & Industrial, US addressed loans - $250k-1MM 109 $12,328 $113,101
    Farmland loans - <$1MM 209 $19,628 $93,914
    Farmland loans - <$100k 113 $3,971 $35,142
    Farmland loans - $100-250k 61 $7,106 $116,492
    Farmland loans - $250k-1MM 35 $8,551 $244,314
    Agriculture operations loans - <$1MM 120 $3,130 $26,083
    Agriculture operations loans - <$100k 112 $2,230 $19,911
    Agriculture operations loans - $100-250k 6 $539 $89,833
    Agriculture operations loans - $250k-1MM 2 $361 $180,500