Benchmark Bankshares, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 03, 2020
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Benchmark Bankshares, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net interest income was USD 7.526 million compared to USD 7.223 million a year ago. Net income was USD 2.533 million compared to USD 2.406 million a year ago. Basic earnings per share was USD 0.57 compared to USD 0.48 a year ago. For the half year, net interest income was USD 14.862 million compared to USD 14.270 million a year ago. Net income was USD 4.644 million compared to USD 4.506 million a year ago. Basic earnings per share was USD 1.03 compared to USD 0.91 a year ago.
Benchmark Bankshares, Inc. is a holding company for Benchmark Community Bank (the Bank). The Bank is a full-service financial institution, which is focused on serving Southside Virginia and Northern North Carolina. Its deposit products include traditional savings accounts, holiday savings clubs, certificates of deposit, and individual retirement accounts. It also offers free financial consultations and investment and insurance services. Its commercial services include electronic funds transfer, direct deposit payroll service, positive pay and merchant services, and credit card processing. Its borrowing solutions include personal loans, mortgages, other real estate loans, business loans, auto loans, student loans, and credit cards. The Bank provides various wealth management solutions, such as financial solutions, financial planning, retirement planning, and portfolio management. It offers safe deposit boxes and wire transfers. The Bank also provides mobile banking and Internet banking.
BENCHMARK BANKSHARES, INC. 
