Benchmark Bankshares, Inc. (OTCPK:BMBN) is a $595 million-asset community bank holding company that is based out of Kenbridge, Virginia. The company’s subsidiary, Benchmark Community Bank, operates 12 branches in southern Virginia and 2 loan production offices in North Carolina.
In most aspects, BMBN’s operating strategy isn’t that different from other banks. The company, though, has a measured approach that consistently produces above average returns (5-year average ROA is 1.24%). To maintain these returns, while margins were hit with falling rates (NIM of 4.59%, down from 4.86% in 2013), BMBN has slowly grown the