Benchmark Bank’s Blog

Second Quarter Report

| Benchmark Bank News Public Relations

CEO Mike Barnett sent out his Second Quarter Report via email on the Fourth of July eve:

Happy 4th of July!

We just finished an unbelievable quarter for the Benchmark companies. As a whole, we made $4,387,750 in the second quarter of 2012, and I am proud to say that every entity posted a significant profit. Our YTD consolidated earnings is $6,796,287, which is phenomenal.

AMC Correspondent led the way with another outstanding quarter. AMC Correspondent made almost 3 million ($2,987,949) for the second quarter and has made just shy of 5 million so far this year. I am very proud of the great work all of the AMC folks continue to do!

AMC Retail had an awesome quarter, posting a profit of $710,431. To cap off the quarter, AMC Retail posted its largest volume month ever in June closing just over 47 million in loans. Bauer Financial just released their book of the Top 100 banks in over 100 categories, and Benchmark Bank/AMC Retail was ranked #53 for Highest % Residential Loans to Total Loans in the SW Region.

Benchmark Bank made $133,131 for the quarter and is up $716,876 for the year. In June, Benchmark was named the 11th ranked bank in its class nationwide by the Independent Community Bankers of America for ROA in 2011. This is our 3rd year in a row to be ranked among the top banks in America by the ICBA.

Benchmark Title had an outstanding quarter, posting a profit of $556,240. These numbers are exceptional, especially considering our Commercial Headquarters is still in its infancy. I know that our residential and commercial closing teams are extremely busy and we appreciate all of their hard work. I am very proud of all of you who have contributed to the title company’s success, and I look forward to its continued growth.

The first half of 2012 has been exceptional for Benchmark, and I look forward to an awesome second half of the year. I can’t say it enough – none of this would be possible without all of you, our outstanding employees. Thanks to each one of you for all that you do!

Have a great summer and a safe holiday,