Benchmark Community Bank


100 S Broad St
Kenbridge, VA 23944
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 5.50% →
1-Year CD 3.40% 5.50% →
2-Year CD 3.80% 5.00% →
5-Year CD 3.10% 4.61% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Benchmark Community Bank is an FDIC insured institution located in Kenbridge, VA. It was founded in 1971 and has approximately $1.1 billion in assets. Customers can open an account at one of its 15 branches.

FDIC Insured Yes
FDIC Certificate # 20484
Date Established 1971
Assets $ 1,103.42 million
Loans $ 858.50 million
Deposits $ 1,000.48 million
Capital $ 95.74 million

For a more detailed analysis of Benchmark Community Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - March 1, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.10% $100 - Learn More
Money Market
0.25% $0 $24,999 Learn More
Money Market
0.40% $25,000 $99,999 Learn More
Money Market
1.00% $100,000 - Learn More
32 - 181 Days
1.25% $500 - Learn More
32 - 181 Days Premium
1.50% $501 - Learn More
6 Mo CD
2.25% $500 - Learn More
6 Mo CD
2.50% $501 - Learn More
12 Mo CD
2.40% $500 - Learn More
12 Mo CD
3.40% $501 - Learn More
24 Mo CD
2.80% $500 - Learn More
24 Mo CD
3.80% $501 - Learn More
36 Mo CD
2.50% $500 - Learn More
36 Mo CD
3.55% $501 - Learn More
48 Mo CD
2.30% $500 - Learn More
48 Mo CD
3.30% $501 - Learn More
60 Mo CD
2.10% $500 - Learn More
60 Mo CD
3.10% $501 - Learn More

Int Checking Rates APY MIN MAX
0.10% $500 - Learn MoreShow Less
Checking Rates APY MIN FEE
$uccess Checking 4.00% $0 $0.00 Learn MoreShow Less

Loan Rates - March 1, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Benchmark Community Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
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NMLS ID: Not a Lender

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NMLS ID: 1907

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Neighbors Bank
NMLS ID: 491986

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Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Benchmark Community Bank
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Climate Initiatives

Benchmark Community Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Benchmark Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Benchmark Community Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Benchmark Community Bank U.S. Bank Average
1.7% 4.13%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2023, Benchmark Community Bank had $1,749,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $95,744,000 in equity and $6,960,000 in loans loss reserves. That gives it a Texas Ratio of 1.7%.

Return on Equity
Benchmark Community Bank U.S. Bank Average
17.27% 26.02%

Benchmark Community Bank has a Return on Equity of 17.27% versus the BestCashCow average of 26.02%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Benchmark Community Bank U.S. Bank Average
8.68% 10.23%

Benchmark Community Bank has a Capitalization of 8.68% versus the BestCashCow average of 10.23. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Benchmark Community Bank Balance Sheet Analysis

As of September 30, 2023, Benchmark Community Bank had assets of $1,103,421,000, loans of $858,497,000, and deposits of $1,000,484,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2023
Cash & Balances due from depository institutions $ 61.70 million
Interest-bearing balances $ 42.66 million
Total securities $ 117.83 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 858.50 million
Loan loss allowance $ 6.96 million
Trading account assets $ 5.13 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.58 million
All other assets $ 31.67 million
     Total Assets $ 1,007.68 million
Total deposits $ 1,000.48 million
      Interest-bearing deposits $ 741.85 million
      Deposits held in domestic offices $ 1,000.48 million
      % insured (estimated) 88.08%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 6.06 million
      Total Liabilities $ 1,007.68 million
      Shareholders’ Equity $ 95.74 million

Summary Income Statement

September 30, 2023
Total Interest Income $ 38.82 million
Total Interest Expense $ 4.90 million
Net interest income $ 33.92 million
Provision for loan and lease losses $ 0.09 million
Total non interest income $ 6.90 million
Total non interest expense $ 25.56 million
Pre-tax Net Operating Income $ 6.75 million

Bank Loan Profile?

The top three loan types in Benchmark Community Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Virginia, Benchmark Community Bank has a significantly higher percent of Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 39.03
Credit Card Loans 0.12
Consumer Auto Loans 0.97
Small Business Loans 0.00
Construction and Development Loans 14.54
Commercial Real Estate 18.09
Commercial and Industrial Loans 4.50
Farm Loans 0.08

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