Benchmark Community Bank in Kenbridge, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Benchmark Community Bank - Overview

  • General
  • FDIC Certificate #: 20484
    Status: Active
    Federal Reserve ID: 94522
    Bank Holding Company (Regulatory Top Holder): Benchmark Bankshares, Inc. (RSSDID: 1141441, Location: Kenbridge, VA)
    Date Established: September 08, 1971
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 13 (Domestic: 13, Interstate: No)
    FDIC's unique #: 14128
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 08, 1971
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 South Broad Street, Kenbridge, VA 23944
    County: Lunenburg
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $416.1 mil
    Equity capital: $43.0 mil
    Deposits held in domestic offices: $370.1 mil
    Return on assets (ROA): 1.28% ($5.3 mil)
    Quarterly return on assets: 1.30% ($5.4 mil)
    Return on Equity (ROE): 13.02% ($5.6 mil)
    Quarterly return on equity: 12.65% ($5.4 mil)
    Net income: $5.3 mil
    Quarterly Net income: $1.4 mil
    Pretax return on assets: 1.76% ($7,323.8 mil)
    Quarterly Pretax return on assets: 1.77% ($7,365.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 123Total employees (full-time equivalent)
  • $416,125Total assets
  • $21,545Cash and due from depository institutions
  • $9,763Interest-bearing balances
  • $33,198Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $328,834Net loans & leases
  • $5,039Loan loss allowance
  • $0Trading account assets
  • $11,716Bank premises and fixed assets
  • $4,036Other real estate owned
  • $0Goodwill and other intangibles
  • $416,125Life insurance assets
  • $16,796All other assets
  • $373,088Total liabilities and capital
  • $370,094Total liabilities
  • $317,448Total deposits
  • $370,094Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,994Subordinated debt
  • $43,037All other liabilities
  • $43,037Total equity capital
  • $43,037Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $900Surplus
  • $40,137Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $807Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,368Income earned, not collected on loans
  • $0Earning assets
  • $1,736Long-term assets (5+ years)
  • $371,795Average Assets, year-to-date
  • $48,794Average Assets, quarterly
  • $415,476Volatile liabilities
  • $417,458Insider loans
  • $300,089FHLB advances
  • $417,708Loans and leases held for sale
  • $11,327Unused loan commitments
  • $5,216Tier 1 (core) risk-based capital
  • $41,881Tier 2 risk-based capital
  • $2,837Total risk weighted assets
  • $3,274Total unused commitments
  • $26,729Restructured Loans and leases
  • $4,005Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,995Total interest income
  • $5,017Total interest expense
  • $18,978Net interest income
  • $2,635Provision for loan and lease losses
  • $3,244Total noninterest income
  • $0Fiduciary activities
  • $1,231Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,013Additional noninterest income
  • $12,293Total noninterest expense
  • $6,926Salaries and employee benefits
  • $1,486Premises and equipment expense
  • $3,881Additional noninterest expense
  • $7,294Pre-tax net operating income
  • $18Securities gains (losses)
  • $2,013Applicable income taxes
  • $5,299Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,299Net income attributable to bank
  • $0Net charge-offs
  • $5,299Cash dividends
  • $2,114Sale, conversion, retirement of capital stock, net
  • $1,505Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.36%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 5.03%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • 1.27%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 13.02%Return on equity (ROE)
  • 9.32%Retained earnings to average equity (YTD only)
  • 0.64%Net charge-offs to loans
  • 124.65%Credit loss provision to net charge-offs
  • 4.70%Efficiency ratio
  • 55,319Assets per employee
  • 3.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 28.40%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 212.80%Noncurrent assets plus other real estate owned to assets
  • 1.54%Noncurrent loans to loans
  • 0.71%Net loans and leases to deposits
  • 88.85%Net loans and leases to core deposits
  • 95.22%Equity capital to assets
  • 10.34%Core capital (leverage) ratio
  • 10.03%Tier 1 risk-based capital ratio
  • 13.96%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $415,476Average earning assets
  • $40,706Average equity
  • $377,006Average loans

List of branches

  • 13 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014128Benchmark Community Bank100 South Broad Street, Kenbridge, VA 23944September 08, 1971Full Service Brick and Mortar
    1251128Victoria Branch1910 Main Street, Victoria, VA 23974November 20, 1974Full Service Brick and Mortar
    2251129Drive-Up FacilityFifth Avenue And Commerce Street, Kenbridge, VA 23944November 26, 1984Limited Service Facility
    3251130South Hill Branch828 North Mecklenburg Avenue, South Hill, VA 23970September 27, 1989Full Service Brick and Mortar
    4251131Farmville Branch203 East Third Street, Farmville, VA 23901June 12, 1989Full Service Brick and Mortar
    5251132South Main Street Branch1577 South Main Street, Farmville, VA 23901March 10, 1993Full Service Brick and Mortar
    6251133Crewe Branch1500 W. Virginia Avenue, Crewe, VA 23930May 31, 1996Full Service Brick and Mortar
    7357074Lawrenceville Branch220 W. 5th Avenue, Lawrenceville, VA 23868November 15, 1999Full Service Brick and Mortar
    8357076Clarksville Branch133 College Street, Clarksville, VA 23927October 15, 1999Full Service Brick and Mortar
    9357077Chase City Branch845 East Second Street, Chase City, VA 23924January 07, 2000Full Service Brick and Mortar
    10418440Blackstone Branch410 Church Street, Blackstone, VA 23824March 07, 2003Full Service Brick and Mortar
    11466901South Boston Branch1135 Huell Matthews Hwy., South Boston, VA 24592May 23, 2007Full Service Brick and Mortar
    12492994Halifax Branch290 S. Main Street, Halifax, VA 24558July 18, 2008Full Service Brick and Mortar

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