Skyline Bankshares (Skyline Bankshares) Total Assets : $1,045.84 Mil (As of Dec. 2023)

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What is Skyline Bankshares Total Assets?

Skyline Bankshares's Total Assets for the quarter that ended in Dec. 2023 was $1,045.84 Mil.

During the past 12 months, Skyline Bankshares's average Total Assets Growth Rate was 7.70% per year. During the past 3 years, the average Total Assets Growth Rate was 7.20% per year. During the past 5 years, the average Total Assets Growth Rate was 8.60% per year.

During the past 9 years, Skyline Bankshares's highest 3-Year average Total Assets Growth Rate was 31.50%. The lowest was 7.20%. And the median was 10.80%.

Total Assets is connected with ROA %. Skyline Bankshares's annualized ROA % for the quarter that ended in Dec. 2023 was 0.84%. Total Assets is also linked to Revenue through Asset Turnover. Skyline Bankshares's Asset Turnover for the quarter that ended in Dec. 2023 was 0.01.

Skyline Bankshares Total Assets Historical Data

The historical data trend for Skyline Bankshares's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Skyline Bankshares Total Assets Chart

Skyline Bankshares Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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706.29

855.39

995.85

997.73

1,045.84

Skyline Bankshares Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Assets	Get a 7-Day Free Trial															997.73	1,019.07	1,007.15	1,017.11	1,045.84

Skyline Bankshares Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Skyline Bankshares's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	82.882	+	962.961
	=	1,045.84

Skyline Bankshares's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	82.882	+	962.961
	=	1,045.84

Skyline Bankshares (OTCPK:SLBK) Total Assets Explanation

Total Assets is connected with ROA %.

Skyline Bankshares's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	8.62	/	( (1017.108	+	1045.843)	/ 2 )
	=	8.62	/	1031.4755
	=	0.84 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Skyline Bankshares's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	10.735	/	( (1017.108	+	1045.843)	/ 2 )
=	10.735	/	1031.4755
=	0.01

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Skyline Bankshares Total Assets Related Terms

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Skyline Bankshares (Skyline Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Skyline Bankshares Inc (OTCPK:SLBK) » Definitions » Total Assets

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Address

101 Jacksonville Circle, Floyd, VA, USA, 24091

Website

https://www.skylinenationalbank.bank

Skyline Bankshares Inc is a bank holding company. The company's product and service portfolio includes regular savings, demand, NOW, money market deposits, individual retirement accounts, and small denomination certificates of deposit. It also offers a variety of secured loans, including commercial lines of credit, commercial term loans, real estate, construction, home equity, consumer, and other loans.