Skyline Bankshares, Inc. [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Interest income:
Interest income on loans	33.1	30.8	29.2	24.6	20.7	16.3	11.2
Interest income on investments	1.4	0.6	1.0	1.2	1.3	1.1	1.5
Interest income on repurchase agreements	0.0	0.0	0.2	0.2	0.1	0.0	0.0
	34.8	31.7	30.8	26.2	22.3	17.6	12.7
Interest on deposits	2.3	3.3	2.9	1.9	1.5	1.3	1.4
Total interest expense	2.4	3.4	2.9	1.9	1.5	1.7	1.4
Net interest income	32.3	28.3	27.9	24.3	20.8	15.8	14.1
Provision for loan losses	0.7	1.2	0.7	0.3	0.2	0.0	-0.2
Net interest income after provision for loan losses	31.6	27.1	27.3	24.0	20.6	15.8	14.2
Deposit and loan fees						1.3	1.0
Gain on sale of investments, net				0.0	0.2	0.4	0.1
Other non-interest income	6.6	5.3	4.9	4.6	4.0	3.0	1.4
Total non-interest income	6.6	5.3	4.9	4.6	4.2	4.6	2.5
Non-interest expenses	26.3	25.1	23.3	22.9	19.3	16.8	11.6
Pre-tax income before non-recurring items	11.9	7.3	8.9	7.7	6.3	5.1	0.6
Non-recurring items				2.0	0.7	1.5	0.5
Pre-tax income	11.9	7.3	8.9	5.7	5.5	3.6	0.1
Income taxes	2.4	1.4	1.8	1.2	3.1	1.2	-0.1
Tax rate	20.4%	19.8%	19.9%	21.1%	56.1%	32.7%
Net income	9.5	5.9	7.2	4.5	2.4	2.4	1.0
Net margin	24.8%	18.1%	22.2%	15.8%	9.8%	11.8%	6.0%

Basic EPS	$1.59	$0.97	$1.16	$0.81	$0.48	$0.60	$0.58
Diluted EPS	$1.59	$0.97	$1.16	$0.81	$0.48	$0.60	$0.58

Shares outstanding (basic)	6.0	6.1	6.2	5.6	5.0	4.0	1.7
Shares outstanding (diluted)	6.0	6.1	6.2	5.6	5.0	4.0	1.7

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.