Matthew C. Martin
About Matthew C. Martin
Matthew C. Martin is Executive Vice President and Chief Credit Officer (CCO) of Skyline National Bank, age 51. He began his banking career in 1997 at First National Bank of Christiansburg with responsibilities spanning credit analysis, commercial lending, and loan review; he joined Bank of Floyd in January 2014 as a commercial lender, became a regional commercial credit officer in 2019, and was promoted to CCO in 2023. Martin holds a Finance degree from Virginia Tech’s Pamplin College of Business and completed the Virginia Bankers Association School of Bank Management .
Company operating performance during Martin’s tenure as CCO (latest four quarters):
| Metric | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 |
|---|---|---|---|---|
| Revenues ($USD) | $2,065,000* | $1,786,000* | $1,901,000* | $1,961,000* |
| Net Income ($USD) | $2,503,000 | $3,573,000 | $3,801,000 | $4,076,000 |
Values retrieved from S&P Global.*
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| First National Bank of Christiansburg | Credit analysis, commercial lending, loan review | 1997–2014 | Built core credit, underwriting, and review capabilities |
| Bank of Floyd | Commercial lender | 2014–2019 | Originated and managed commercial credits; market relationship development |
| Skyline National Bank | Regional Commercial Credit Officer | 2019–2023 | Oversaw regional credit quality; portfolio management |
| Skyline National Bank | Chief Credit Officer | 2023–present | Enterprise credit policy, underwriting standards, portfolio risk oversight |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Kiwanis Club of Christiansburg | Member (former) | n/a | Community engagement, local networks |
| Junior Achievement of SW Virginia | Volunteer (former) | n/a | Youth financial literacy and community outreach |
Fixed Compensation
- Executive-specific base salary, target bonus %, and actual bonus paid for Matthew C. Martin are not disclosed in the accessible proxy excerpts; the company’s filings reviewed do not provide individual cash compensation detail for Martin in the sections retrieved .
Performance Compensation
- Skyline Bankshares maintains a shareholder-approved equity incentive plan (the “2020 Plan”) that allows Options, Restricted Stock, and other awards; awards are subject to clawback per company policy and applicable regulations .
- Change-of-control actions under the plan are at the Compensation Committee’s discretion and can include acceleration, cash settlement, substitution, or assumption of awards to preserve economic value .
- Awards have transfer and pledging restrictions: plan awards generally may not be sold, transferred, pledged, assigned, or otherwise alienated (other than by will/laws of descent), limiting hedging/pledging on unvested equity awards .
- Specific performance metrics, weightings, targets, actuals, and payouts for Martin’s awards are not disclosed in the accessible filings reviewed.
Plan policy summary:
| Policy Area | Key Terms |
|---|---|
| Clawback | All awards subject to recovery under company policy, law, and listing standards |
| Change-of-Control | Committee may accelerate, cash-settle, substitute, adjust, or cause assumption of awards |
| Transfer/Pledging | Awards not transferable/pledgeable except via estate transfer; certificate/book-entry restrictions |
| Options | Exercise price ≥ FMV at grant; ≤10-year term; methods of exercise defined |
Equity Ownership & Alignment
- Beneficial ownership amounts, vested vs. unvested breakdown, options exercisable vs. unexercisable, and any share-pledging/hedging by Matthew C. Martin are not disclosed in the accessible proxy excerpts.
- Alignment mechanisms at the policy level include award-level clawbacks and restrictions on transfer/pledging of plan awards .
Employment Terms
- No dedicated 8-K or proxy disclosure of an individual employment agreement or change-in-control agreement for Matthew C. Martin was found in accessible filings.
- The company has historically used change-in-control agreements for certain executives (e.g., Halsey and Vaught, with severance multiples and COBRA premium support), indicating precedent for executive protections, though not specifically for Martin .
- Equity awards are subject to banking regulatory constraints under the plan .
Compensation Committee Analysis
- Compensation Committee members: Dr. J. Howard Conduff, Jr. (Chair), Bryan L. Edwards (Vice Chair), Jacky K. Anderson, Thomas M. Jackson, Jr., and Frank A. Stewart; all are independent except Jacky K. Anderson. The committee met three times during the year ended December 31, 2024 .
- The committee oversees senior management compensation and sets guidelines for broader employee compensation; decisions are reported to the full Board .
Committee details:
| Member | Role | Independence |
|---|---|---|
| Dr. J. Howard Conduff, Jr. | Chair | Independent |
| Bryan L. Edwards | Vice Chair | Independent |
| Jacky K. Anderson | Member | Not Independent |
| Thomas M. Jackson, Jr. | Member | Independent |
| Frank A. Stewart | Member | Independent |
Investment Implications
- As CCO since 2023, Martin’s remit centers on credit policy, underwriting rigor, and portfolio risk—key drivers of bank earnings quality and capital protection .
- Policy-level clawbacks and award transfer/pledging restrictions support compensation-risk alignment, though lack of disclosed personal ownership and incentive metrics limits visibility into his direct pay-for-performance and “skin in the game” profile .
- Company net income improved sequentially across the last four quarters while revenues were stable, indicative of favorable earnings momentum; continued credit discipline under Martin’s oversight is a lever for sustaining profitability, but absence of disclosed vesting schedules or upcoming award cliffs precludes assessment of near-term insider selling pressure .