Index

Shareholder Center

Notices

The next annual shareholders' meeting is scheduled for May 16, 2013. The proxy statement can be viewed here.

Benchmark Bankshares' Code of Ethics.

Financial Highlights
(Dollars in thousands, except per share amounts)

FOR THE YEAR:	2012	2011	2010	2009	2008
Net Income	$6,118	$5,278	$4,541	$3,904	$3,922
Total Operating Income	26,927	27,257	26,487	25,783	25,545
Total Operating Expense	17,464	17,331	17,876	19,374	19,490
Provision for Loan Losses	959	2,635	2,347	993	441
Taxes	2,386	2,013	1,724	1,512	1,693
Return on Average Assets	1.44%	1.27%	1.11%	1.02%	1.08%
Return on Average Equity	13.21%	12.84%	12.05%	11.14%	11.82%
Average Shares Outstanding	2,592,957	2,590,054	2,598,125	2,614,598	2,646,035

AT YEAR END:	2012	2011	2010	2009	2008
Total Assets	$438,508	$416,196	$417,958	$383,879	$373,562
Total Deposits	386,315	369,127	376,416	343,021	336,585
Total Loans	334,291	333,873	326,332	321,995	312,661
Shareholders' Equity	47,900	43,297	37,991	35,749	33,686
Equity to Assets Ratio	10.92%	10.40%	9.09%	9.31%	9.02%

PER SHARE:	2012	2011	2010	2009	2008
Book Value	$18.48	$16.70	$14.66	$13.74	$12.80
Net Income (basic)	$2.36	$2.04	$1.75	$ 1.49	$ 1.48
Net income (diluted)	$2.36	$2.04	$1.75	$ 1.49	$ 1.48
Cash Dividends Declared	$0.64	$0.58	$0.56	$ 0.56	$ 0.56

Stock Information

The company's stock currently trades under the symbol, BMBN, on the NASDAQ Over-the-Counter Bulletin Board. Any stockbroker can assist you with buying additional shares. The bank, as part of a previously approved stock repurchase plan, is authorized to repurchase shares of its common stock. Should you wish to facilitate the sale of any of your shares directly to the bank, please contact Neil Burke, Chief Financial Officer, by calling (434) 676-9054, extension 1111.

Stock Quote

How to Purchase Shares of Benchmark Stock

To purchase shares of Benchmark Bankshares, the holding company for Benchmark Community Bank, you must contact a stock brokerage firm. The bank does not have any stock for sale directly.

Financial Release Summaries

April 11, 2013: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $1,539,273, or $0.59 per share, for the first quarter of 2013. This compares to net income of $1,520,287, or $0.59 per share, for the same period one year ago. Return on average equity for the quarter was 12.82% and return on average assets was 1.40%, compared to 13.73% and 1.46%, respectively, reported for the first quarter of 2012. (read full release)

January 25, 2013: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $6,118,163, or $2.36 per share, for 2012. This compares to net income of $5,278,339, or $2.04 per share, for 2011. Return on average equity for the year was 13.21% and return on average assets was 1.44%, compared to 12.84% and 1.27%, respectively, reported last year. The bank earned $1,333,141 during the fourth quarter of 2012 compared to $1,350,002 earned last year during the same period. (read full release)

December 21, 2012: Benchmark Bankshares, Inc. (BMBN.OB), the Kenbridge-based holding company for Benchmark Community Bank, recently announced the declaration of a semi-annual dividend of $0.34 per share to holders of common stock of the company. This dividend represents an increase of $0.04, or 13.3%, from the dividend paid in June. (read full release)

October 12, 2012: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $1,852,331, or $0.71 per share for the third quarter of 2012, up from the $1,478,232, or $0.57 per share, that was earned during the third quarter of 2011. Net income through the first nine months of the year amounted to $4,785,022, or $1.85 per share, an increase of $856,685 over the $3,928,337, or $1.52 per share, earned during the first nine months of 2011. (read full release)

July 19, 2012: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $1,412,404, or $0.54 per share, for the second quarter of 2012, a $97,737, or 7.43%, increase from the $1,314,667, or $0.51 per share, posted during the same period last year. Net income through the first six months of the year amounted to $2,932,691, or $1.13 per share, representing a 19.70% increase over the $2,450,104, or $0.95 per share, posted through the first six months of 2011. (read full release)

April 11, 2012: Benchmark Bankshares, Inc. (BMBN.OB), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $1,520,287, or $0.59 per share, for the first quarter of 2012. Earnings for the quarter were $384,849, or 33.9%, higher than the $1,135,438, or $0.44 per share, posted during the same period last year. Return on average equity for the quarter was 13.73% and return on average assets was 1.46%, compared to 11.87% and 1.11%, respectively, reported for the first quarter of 2011. (read full release)

January 23, 2012: Benchmark Bankshares, Inc. (BMBN.OB), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $5,278,339, or $2.04 per share, for 2011. This compares to net income of $4,541,198, or $1.75 per share, for 2010. Return on average equity for the year was 12.84% and return on average assets was 1.27%, compared to 12.05% and 1.11%, respectively, reported last year. The bank earned $1,350,002 during the fourth quarter of 2011, up from the $1,314,470 earned last year during the same period. (read full release)

December 20, 2011: Benchmark Bankshares, Inc. (BMBN.OB), the Kenbridge-based holding company for Benchmark Community Bank, recently announced the declaration of a semi-annual dividend of $0.30 per share to holders of common stock of the company. The record date for shareholders entitled to payment of the dividend will be the close of business, 4:00 P.M., on January 9, 2012, with payment to occur by January 31, 2012. (read full release)

October 13, 2011: Benchmark Bankshares, Inc. (BMBN.OB), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $1,478,232, or $0.51 per share, for the third quarter of 2011, up from the $1,268,220, or $0.38 per share, posted during the same period last year. Net income through the first nine months of the year amounted to $3,928,337, or $1.52 per share, an increase over the $3,226,728, or $1.24 per share, earned during the first nine months of 2010. Return on average equity was 13.01% and return on average assets was 1.27% year-to-date, compared to 11.54% and 1.07%, respectively, reported for the first nine months last year. (read full release)

July 26, 2011: Benchmark Bankshares, Inc. (BMBN.OB), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $1,314,666, or $0.51 per share, for the second quarter of 2011, a $306,114, or 30.4%, increase from the $1,008,552, or $0.38 per share, posted during the same period last year. Net income through the first six months of the year amounted to $2,450,104, or $0.95 per share, representing a 25.1% increase over the $1,958,509, or $0.75 per share, posted through the first six months of 2010. (read full release)

June 17, 2011: Benchmark Bankshares, Inc. (BMBN.OB), the Kenbridge-based holding company for Benchmark Community Bank, recently announced the declaration of a semi-annual dividend of $0.28 per share to holders of common stock of the company. The record date for shareholders entitled to payment of the dividend will be the close of business, 4:00 P.M., on July 11, 2011, with payment to occur by July 31, 2011. (read full release)

April 15, 2011: Benchmark Bankshares, Inc. (BMBN.OB), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $1,135,438, or $0.44 per share, for the first quarter of 2011. Earnings for the quarter were $185,482, or 19.5%, higher than the $949,956, or $0.37 per share, posted during the same period last year. Return on average equity for the quarter was 11.87% and return on average assets was 1.11%, compared to 10.56% and 0.99%, respectively, reported for the first quarter of 2010. (read full release)

January 27, 2011: Benchmark Bankshares, Inc. (BMBN.OB), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $4,541,198, or $1.75 per share for 2010. This compares to $3,903,769, or $1.49 per share, earned during 2009. Return on average equity for the year was 12.05% and return on average assets was 1.11%, compared to 11.14% and 1.02%, respectively, reported in 2009. The bank earned $1,314,470 during the fourth quarter of 2010, up from the $961,192 earned last year during the same period. (read full release)

October 29, 2010: Benchmark Bankshares Inc., parent company of its wholly owned subsidiary Benchmark Community Bank, reported consolidated net income of $1,268,220, or $0.49 per share, for the third quarter of 2010 and $3,226,728, or $1.24 per share, for the first nine months of the year. This compares to net income of $1,092,548, or $0.42 per share, earned during the third quarter of 2009 and $2,942,576, or $1.12 per share, earned through the first nine months of last year. Return on average assets amounted to 1.07% and return on average equity amounted to 11.54% year-todate, compared to 1.04% and 11.35%, respectively, posted one year ago. (read full release)

July 16, 2010: Benchmark Bankshares Inc., parent company of its wholly owned subsidiary Benchmark Community Bank, reported consolidated net income of $1,008,552, or $0.38 per share, for the second quarter of 2010 and $1,958,509, or $0.75 per share, for the first six months of the year. This compares to net income of $921,463, or $0.35 per share, earned during the second quarter of 2009 and $1,850,028, or $0.71 per share, earned through the first six months of last year. Return on average assets amounted to 1.00% and return on average equity amounted to 10.79% through the first six months of the year, compared to 0.98% and 10.20%, respectively, posted one year ago. (read full release)

April 22, 2010: Benchmark Bankshares, Inc. (BMBN.OB), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $949,956, or $0.37 per share for the first quarter of 2010. This compares to $928,565, or $0.35 per share earned during the first quarter of 2009. Return on average equity for the quarter was 10.56% and return on average assets was 0.99%, compared to 11.00% and 1.01%, respectively, reported for the first quarter of 2009. (read full release)

February 9, 2010: Benchmark Bankshares, Inc. (BMBN.OB), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $3,903,768, or $1.49 per share. This compares to $3,921,984, or $1.48 per share earned during 2008. Return on average equity for 2009 was 11.14% and return on average assets was 1.02%, compared to 11.82% and 1.08%, respectively, reported in 2008. Earnings for the fourth quarter of 2009 amounted to $961,192, or $0.37 per share, compared to $918,841, or $0.35 per share, posted one year ago. (read full release)

(click image to view annual report)