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View the 2017 Annual Report and the 2017 Report on Audit.

Benchmark Bankshares' Code of Ethics.

Financial Highlights

(Dollars in thousands, except per share amounts)

FOR THE YEAR:	2017	2016	2015	2014	2013
Net Income	$6,131	$6,522	$6,328	$6,164	$6,231
Total Operating Income	32,071	30,096	29,106	27,040	26,632
Total Operating Expense	21,421	20,558	19,575	18,307	17,888
Provision for Loan Losses	502	130	448	142	0
Taxes¹	4,018	2,886	2,754	2,426	2,512
Return on Average Assets	1.08%	1.21%	1.25%	1.29%	1.37%
Return on Average Equity	9.12%	10.35%	10.75%	11.40%	12.46%
Average Shares Outstanding*	5,160,965	5,165,824	5,164,462	5,152,492	5,173,814

AT YEAR END:	2017	2016	2015	2014	2013
Total Assets	$595,226	$568,492	$538,733	$489,948	$463,871
Total Deposits	523,884	500,700	474,467	430,034	409,147
Total Loans	486,728	448,357	424,240	395,105	351,735
Shareholders' Equity	67,843	63,866	60,396	56,076	50,985
Equity to Assets Ratio	11.40%	11.23%	11.21%	11.45%	10.99%

PER SHARE*:	2017	2016	2015	2014	2013
Book Value	$13.15	$12.36	$11.69	$10.87	$9.88
Net Income (basic)	$1.19	$1.26	$1.23	$1.20	$1.20
Net income (diluted)	$1.19	$1.26	$1.23	$1.20	$1.20
Cash Dividends Declared	$0.44	$0.41	$0.37	$0.34	$0.34

¹Income taxes for 2017 include a one-time, non-cash charge of $815,974, or $0.16 per share, that was recorded as an increase in income tax expense. This charge resulted from the re-measurement of the bank's deferred tax assets, as required by the Tax Cuts and Jobs Act (Tax Reform).

*Shares outstanding and earnings per share have been adjusted for a 2-for-1 forward stock split on November 17, 2014.

Stock Information

The company's stock currently trades under the symbol BMBN on the OTC Pink Marketplace. 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 23, 2018: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced unaudited results for the first quarter of 2018. Net income of $2,127,433, or $0.41 per share, for the first quarter of 2018 was up $459 thousand, or 27.5% over net income of $1,667,506, or $0.32 per share, for the first quarter of 2017. Return on average assets increased from 1.20% to 1.45% and return on average equity increased from 10.43% to 12.52% when comparing the first quarter of 2018 the same period one year ago. (read full release)

January 30, 2018: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $6,130,621, or $1.19 per share, for the year ended December 31, 2017. This compares to $6,521,862, or $1.26 per share, earned during 2016. Return on average equity for the year was 9.16% and return on average assets was 1.08%, compared to 10.35% and 1.21%, respectively, reported last year. (read full release)

December 27, 2017: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, recently announced the declaration of a semi-annual dividend of $0.23 per share to holders of common stock of the company. This dividend, an increase from the $0.21 per share paid in July, brings total dividends for the year to $0.44 per share, representing an increase of 7.3% over the $0.41 per share paid in 2016. (read full release)

October 23, 2017: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $1,979,037, or $0.38 per share, for the third quarter of 2017. This compares to $1,734,759, or $0.34 per share, for the third quarter of 2016. Net income through the first nine months of the year amounted to $5,432,293, or $1.05 per share, up from the $4,991,235, or $0.97 per share, reported through the first nine months of 2016. (read full release)

July 25, 2017: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $1,785,754, or $0.35 per share, for the second quarter of 2017, up 7.8% from the $1,656,075, or $0.32 per share, earned during the second quarter last year. Net income through the first six months of the year amounted to $3,453,260, or $0.67 per share, a 5.3% increase from the $3,256,476, or $0.63 per share, posted through the first six months of 2016. (read full release)

June 21, 2017: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, recently announced the declaration of a semi-annual dividend of $0.21 per share to holders of common stock of the company. This dividend is unchanged from the dividend declared in December 2016. The record date for shareholders entitled to payment of the dividend will be the close of business, 4:00 P.M., on July 3, 2017, with payment to occur by July 31, 2017. (read full release)

April 21, 2017: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $1,667,506, or $0.32 per share, for the first quarter of 2017. This compares to $1,600,401, or $0.31 per share, for the first quarter of 2016. Return on average equity for the quarter was 10.43% and return on average assets was 1.20%, compared to 10.48% and 1.21%, respectively, reported for the first quarter of 2016. (read full release)

December 20, 2016: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, recently announced the declaration of a semi-annual dividend of $0.21 per share to holders of common stock of the company. This dividend, up from the $0.20 per share paid in July, brings total dividends for the year to $0.41 per share, representing an increase of 10.8% over the $0.37 per share paid in 2015. The record date for shareholders entitled to payment of the dividend will be the close of business, 5:00 P.M., on January 6, 2017, with payment to occur by January 31, 2017. (read full release)

October 27, 2016: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $1,734,759, or $0.34 per share, for the third quarter of 2016. This compares to $1,620,502, or $0.31 per share, for the third quarter of 2015. Net income through the first nine months of the year amounted to $4,991,235, or $0.97 per share, up from the $4,806,516, or $0.93 per share, reported through the first nine months of 2015. (read full release)

July 22, 2016: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $1,656,075, or $0.32 per share, for the second quarter of 2016, up slightly from $1,635,361, or $0.32 per share, earned during the second quarter of 2015. Net income through the first six months of the year amounted to $3,256,476, or $0.63 per share, a 2.7% increase from the $3,170,695, or $0.61 per share, posted through the first six months of 2015. (read full release)

June 21, 2016: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, recently announced the declaration of a semi-annual dividend of $0.20 per share to holders of common stock of the company. This dividend represents an increase of $0.01 per share, or 5.26%, from the dividend of $0.19 per share declared in December 2015. (read full release)

April 22, 2016: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $1,600,401, or $0.31 per share, for the first quarter of 2016. This compares to $1,535,335, or $0.30 per share, for the first quarter of 2015. Return on average equity for the quarter was 10.48% and return on average assets was 1.21%, compared to 10.92% and 1.27%, respectively, reported for the first quarter of 2015. (read full release)

January 28, 2016: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $6,327,895, or $1.23 per share, for the year ended December 31, 2015. This compares to $6,164,054, or $1.20 per share, earned during 2014. Return on average equity for the year was 10.75% and return on average assets was 1.25%, compared to 11.40% and 1.29%, respectively, reported last year. The bank earned $1,536,697, or $0.30 per share, for the fourth quarter of 2015 compared to $1,485,841, or $0.29 per share, earned last year during the same period. (read full release)

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