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Benchmark Bankshares (Benchmark Bankshares) Net Interest Margin (Bank Only) % : 5.19% (As of Sep. 2023)


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What is Benchmark Bankshares Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Benchmark Bankshares's annualized Net Interest Income (for Banks) for the quarter that ended in Sep. 2023 was $44.01 Mil. Benchmark Bankshares's average earning assets for the quarter that ended in Sep. 2023 was $847.94 Mil. Therefore, Benchmark Bankshares's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2023 was 5.19%.


Benchmark Bankshares Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Benchmark Bankshares's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Benchmark Bankshares Net Interest Margin (Bank Only) % Chart

Benchmark Bankshares Annual Data
Trend Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec18 Dec19 Dec20 Dec21
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.39 6.54 5.14 5.11 5.33

Benchmark Bankshares Quarterly Data
Mar07 Jun07 Sep07 Dec18 Jun19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.24 5.58 5.76 5.39 5.19

Competitive Comparison of Benchmark Bankshares's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, Benchmark Bankshares's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Benchmark Bankshares's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Benchmark Bankshares's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Benchmark Bankshares's Net Interest Margin (Bank Only) % falls into.



Benchmark Bankshares Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Benchmark Bankshares's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2021 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2021 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2020 ) + Earning Assets (A: Dec. 2021 ))/ count )
=33.321/( (610.962 + 640.246)/ 2 )
=33.321/625.604
=5.33 %

where

Earning Assets(A: Dec. 2020 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 610.962 + 0
=610.962

Earning Assets(A: Dec. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 640.246 + 0
=640.246

Benchmark Bankshares's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2023 is calculated as

Net Interest Margin (Bank Only) %(Q: Sep. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Jun. 2023 ) + Earning Assets (Q: Sep. 2023 ))/ count )
=44.012/( (837.374 + 858.498)/ 2 )
=44.012/847.936
=5.19 %

where

Earning Assets(Q: Jun. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 837.374 + 0
=837.374

Earning Assets(Q: Sep. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 858.498 + 0
=858.498

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Sep. 2023) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Benchmark Bankshares  (OTCPK:BMBN) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Benchmark Bankshares Net Interest Margin (Bank Only) % Related Terms

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Benchmark Bankshares (Benchmark Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
204 S. Broad Street, P.O. Box 569, Kenbridge, VA, USA, 23944
Benchmark Bankshares Inc is a bank holding company for Benchmark Community Bank, which offers a wide range of banking and related financial services to individuals and small to medium ranged businesses through offices located in Virginia. The bank provides personal accounts service, business accounts services, loan products, internet banking services, mobile banking services, debit cards, money management services, mortgage services, credit cards facility and other services.

Benchmark Bankshares (Benchmark Bankshares) Headlines

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