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Notices

View the 2018 Financial Statements.

Benchmark Bankshares' Code of Ethics

Financial Highlights


(Dollars in thousands, except per share amounts)

FOR THE YEAR: 2018 2017 2016 2015 2014
Net Income $9,136 $6,131 $6,522 $6,328 $6,164

Total Operating Income

35,419 32,071 30,096 29,106 27,040

Total Operating Expense

23,325 21,421 20,558 19,575 18,307

Provision for Loan Losses

932 502 130 448 142

Taxes1

2,026 4,018 2,886 2,754 2,426

Return on Average Assets

1.49% 1.08% 1.21% 1.25% 1.29%

Return on Average Equity

13.01% 9.12% 10.35% 10.75% 11.40%

Average Shares Outstanding*

5,100,034 5,160,965 5,165,824 5,164,462 5,152,492
AT YEAR END: 2018 2017 2016 2015 2014
Total Assets $643,887 $595,226 $568,492 $538,733 $489,948
Total Deposits 533,750 523,884 500,700 474,467 430,034
Total Loans 568,826 486,728 448,357 424,240 395,105
Shareholders' Equity 71,294 67,843 65,866 60,396 56,076
Equity to Assets Ratio 11.07% 11.40% 11.23% 11.21% 11.45%

 

PER SHARE*: 2018 2017 2016 2015 2014
Book Value $14.17 $13.15 $12.36 $11.69 $10.87
Net Income (basic) $1.79 $1.19 $1.26 $1.23 $1.20
Net income (diluted) $1.79 $1.19 $1.26 $1.23 $1.20
Cash Dividends Declared $0.52 $0.44 $0.41 $0.37 $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

February 1, 2019: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced unaudited results for 2018. Net income for the year amounted to $9,136,406, a 49.03% increase over net income of $6,130,621 earned in 2017. Earnings per share for the year amounted to $1.79 per share, up from $1.19 per share last year, while return on equity increased from 9.16% to 13.01% and return on average assets increased from 1.08% to 1.49%. (read full release)

December 21, 2018: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, recently announced the declaration of a semi-annual dividend of $0.27 per share to holders of common stock of the company. The current dividend is an 8.0% increase from the dividend of $0.25 per share declared in June this year. The total dividend of $0.52 per share for 2018 is an increase of 18.2% over the $0.44 per share dividend declared last year. (read full release)

October 23, 2018: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced earnings of $2,243,140, or $0.44 per share, for the third quarter of 2018. This compares to $1,979,037, or $0.38 per share, for the third quarter of 2017. Net income through the first nine months of the year amounted to $6,505,576, or $1.27 per share, up from the $5,432,293, or $1.05 per share, reported through the first nine months of 2017. (read full release)

July 23, 2018: Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, announced unaudited results for the three months and six months ended June 30, 2018. Net income for the three months ended June 30, 2018 was $2,135,004, or $0.42 per share, up 19.6% from the $1,785,754, or $0.35 per share, earned during the second quarter last year. Net income through the first six months of the year amounted to $4,262,435, or $0.83 per share, a 23.4% increase from the $3,453,260, or $0.67 per share, posted through the first six months of 2017. (read full release)

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)

Annual Reports

2018
2017
2016

Quarterly Reports

3rd Quarter 2018
2nd Quarter 2018
1st Quarter 2018

3rd Quarter 2017
2nd Quarter 2017
1st Quarter 2017

3rd Quarter 2016
2nd Quarter 2016
1st Quarter 2016