UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 10-KSB/A
(Mark One)
[X] ANNUAL REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE
ACT OF 1934 (Fee Required)
For the fiscal year ended December 31, 1995.
[ ] TRANSITION REPORT UNDER SECTION 13 OR 15 (d) OF THE SECURITIES
EXCHANGE ACT OF 1934 (No Fee Required)
For the transition period from ______________ to ______________.
Commission file number 000-18445.
Benchmark Bankshares, Inc.
(Name of small business issuer in its charter)
Virginia 54-1460991
(State or other jurisdiction of (I.R.S. Employer
incorporation or Identification No.)
organization)
100 South Broad Street
Kenbridge, Virginia 23944
(Address of principal executive (Zip Code)
offices)
Issuer's telephone number (804)676-8444.
Securities registered under Section 12(b) of the Exchange Act: None
Title of each class Name of each exchange on
which registered
_____________________________ _____________________________
_____________________________ _____________________________
Securities registered under Section 12(g) of the Exchange
Act:
Common Stock, Par Value $.21 a share
(Title of Class)
________________________________
(Title of Class)
Check whether the issuer (1) filed all reports required to
be filed by Section 13 or 15(d) of the Exchange Act during
the past 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90
days. [X] Yes [ ] No
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d)of the Securities and
Exchange Act of 1934, the registrant had duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized on
July 10, 1996.
Benchmark Bankshares, Inc.
(formerly Lunenburg Community Bankshares, Inc.)
(Registrant)
By Ben L. Watson, III By Janice C. Whitlow
President Cashier and Treasurer
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
registrant and in the capacities on July 10, 1996.
Name and Title
Earl C. Currin, Jr., Director 07-10-96
C. Edward Hall, Director 07-10-96
Lewis W. Bridgforth, Director 07-10-96
Larry L. Overton, Director 07-10-96
H. Clarence Love, Director 07-10-96
Ben L. Watson, III, Director 07-10-96
William J. Callis, Director 07-10-96
J. Ryland Hamlett, Director 07-10-96
R. Michael Berryman, Director 07-10-96
<TABLE> <S> <C>
<ARTICLE> 9
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<CASH> 4397
<INT-BEARING-DEPOSITS> 0
<FED-FUNDS-SOLD> 5862
<TRADING-ASSETS> 0
<INVESTMENTS-HELD-FOR-SALE> 17382
<INVESTMENTS-CARRYING> 1738
<INVESTMENTS-MARKET> 1796
<LOANS> 103724
<ALLOWANCE> 1037
<TOTAL-ASSETS> 135364
<DEPOSITS> 121623
<SHORT-TERM> 1085
<LIABILITIES-OTHER> 155
<LONG-TERM> 0
0
0
<COMMON> 301
<OTHER-SE> 12200
<TOTAL-LIABILITIES-AND-EQUITY> 135364
<INTEREST-LOAN> 9697
<INTEREST-INVEST> 1485
<INTEREST-OTHER> 0
<INTEREST-TOTAL> 11182
<INTEREST-DEPOSIT> 5399
<INTEREST-EXPENSE> 5401
<INTEREST-INCOME-NET> 5781
<LOAN-LOSSES> 188
<SECURITIES-GAINS> (1048)
<EXPENSE-OTHER> 3047
<INCOME-PRETAX> 3147
<INCOME-PRE-EXTRAORDINARY> 3147
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 2209
<EPS-PRIMARY> 1.54
<EPS-DILUTED> 1.54
<YIELD-ACTUAL> 4.85
<LOANS-NON> 97
<LOANS-PAST> 581
<LOANS-TROUBLED> 0
<LOANS-PROBLEM> 5491
<ALLOWANCE-OPEN> 905
<CHARGE-OFFS> 129
<RECOVERIES> 72
<ALLOWANCE-CLOSE> 1037
<ALLOWANCE-DOMESTIC> 0
<ALLOWANCE-FOREIGN> 0
<ALLOWANCE-UNALLOCATED> 1037
</TABLE>