Benchmark reports increased second-quarter earnings

Published 3:14 pm Tuesday, July 26, 2016

KENBRIDGE — Benchmark Bankshares Inc., the Kenbridge-based holding company for Benchmark Community Bank, has announced earnings of $1,656,075, or 32 cents per share, for the second quarter of 2016, up slightly from $1,635,361, or 32 cents 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 63 cents per share, a 2.7 percent increase from the $3,170,695, or 61 cents per share, posted through the first six months of 2015,” a bank press release stated.

Total loans at quarter-end amounted to $430.9 million, up $6.7 million year-to-date and $21.9 million over the past 12 months, the release stated.

Benchmark Community Bank, founded in 1971, is headquartered in Kenbridge, and has locations across Southside Virginia, including Farmville.