Current Weather Conditions

 
Seven Day Forecast for Emporia, Virginia
 

Community Calendar Sponsored By...

 

2018-10-24

GREAT OPPORTUNITIES IN TECHNOLOGY AND ENGINEERING CAREERS (GO-TEC) GRANT

GO TEC PROGRAM COORDINATOR

FOR THE EASTERN REGION LOCATED AT SOUTHSIDE VA COMMUNITY COLLEGE

#R0001

Please visit the employment page of our web site at http://www.dcc.vccs.edu/Employment/employment.htm for details.

Danville Community College is committed to becoming a model higher education institution for diversity and inclusion and invites multicultural professionals from all backgrounds to contribute to its aspiration for building an inclusive community where everyone is given equal opportunity to reach their full potential.  Employment will be contingent upon the results of a background check.         

ATTORNEY GENERAL HERRING LAUNCHES VIRGINIA’S FIRST ONLINE RE-ENTRY PORTAL

~ The site is the first of its kind to come out of an AG’s office and brings re-entry resources directly to sheriffs, jail practitioners, family members, local citizens, and ex-offenders ~

VIRGINIA BEACH (October 23, 2018) – Attorney General Mark R. Herring today announced the launch of VirginiaReEntry.org, Virginia’s first ever online re-entry portal, which provides a “one-stop shop” for people involved in every phase of helping Virginians re-enter communities after incarceration. This portal is the first of its kind to come out of an attorney general’s office and offers resources directly to sheriffs, practitioners and citizens who want to help formerly incarcerated individuals return to their communities and lead successful lives. Attorney General Herring made the announcement at his 2018 Statewide Jail Re-entry Conference.
 
“When folks who are transitioning back into our communities are given the resources they need to be successful, well-adjusted members of society it not only helps them but it also makes our communities safer and saves taxpayer dollars,” said Attorney General Mark Herring. “This first of its kind portal offers something for everyone by providing information and resources for sheriffs, re-entry organizations, potential employers, community and family members, and those who are returning to society. I am proud of the work that my office has done over the past few years to help localities build strong re-entry programs and we will continue to help them make sure that their returning citizens are given every opportunity to be successful following incarceration.”
 
Ninety-six percent of incarcerated individuals will eventually return to their communities, which is why strong, comprehensive re-entry programs and resources are so important. When people transitioning back to the community are provided individualized case management, treatment services, and support networks both prior to release and immediately following incarceration, they have a better chance at success. If ex-offenders re-enter their community with the same underlying trauma, addiction, or anger it can make communities less safe and perpetuate a cycle of re-incarceration that costs taxpayers money and strains families.
 
“We know that 96 percent of people in jail will return to our community,” said Norfolk Sheriff Joseph “Joe” Baron. “By utilizing our evidence based Re-entry Programming and innovative programming in partnership with the Virginia Attorney General’s Office Re-entry Program such as the Innovations in Supervision Initiative, we are providing offenders a better path to be successful in the community which will have an major impact on improving our recidivism rates in Virginia.”
 
“The Re-entry portal will give all parties involved in the process an opportunity to have a central location where information can be exchanged, communicated and maintained,” said Arlington Sheriff Beth Arthur. “Having this portal available with established information and services, will ultimately give participants in any Re-entry program more opportunities to be successful as they transition out into our communities.” 
 
The re-entry portal provides something for everyone including sheriffs, jail administrators and staff, non-profit organizations, faith-based volunteers, potential employers, treatment service providers, legislators, judges, media, family members and returning citizens.
 
 
  • Information on best practices in the re-entry field
  • Examples of efforts around Virginia
  • Grant information
  • Training schedules and data input options
  • Printable, regional specific materials
  • Training modules and presentations
  • Resources for families and communities to help their loved ones re-enter society in a productive way.
 
Resources for sheriffs and other jail practitioners
The portal provides information on the Office of the Attorney General’s suggested re-entry model, the Transition from Jail to Community (TJC), which was developed by the National Institute of Corrections in partnership with the Urban Institute. This model achieves the goals of enhancing public safety and reducing recidivism through a systematic and collaborative approach. You can also find the What Works in Re-entry Clearinghouse, a “one-stop shop” for research on the effectiveness of a wide variety of re-entry programs and practices. Additionally, there is information on DMV Connect, a program that was originally created to provide identification cards to incarcerated individuals pending release, as identification is necessary to secure jobs, open bank accounts, enter public buildings, and apply for benefits
 
Resources for families and returning citizens
Re-entry can be a time of both positivity but also stress for both the returning individual and their family. To make the transition as smooth as possible it is important to use every resource available including:
 
 
Employer Advantages
Employment is a pillar to successful re-entry and motivated employees are a lynchpin to successful business. Hiring returning citizens has proven beneficial to employers because:
 
  • Ex-offenders whose crimes are long in the past pose no greater risk than people in the general population
  • Returning citizens have a network of support to aid in their success. 
  • Federal programs add additional security by bonding employees.
  • There are tax incentives to hire returning citizens.
 
When Attorney General Herring began his first term in 2014, he saw that the state had developed a comprehensive plan to address re-entry and recidivism reduction for state inmates who left state prisons, but there was no coordinated programming or assistance for local and regional jails. He made it a priority to provide the first-ever state-level assistance to coordinate, expand, and improve re-entry efforts in local and regional jails, including the hiring of DeVon Simmons as Virginia’s first local jail re-entry coordinator.

Benchmark Bankshares, Inc. Announces Quarterly and Year-to-Date Earnings

KENBRIDGE, VA, October 23, 2018 - Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based hold­ing company for Benchmark Community Bank, announced earnings of $2,243,140, or $0.44 per share, for the third quarter of 2018.  This compares to $1,979,037, or $0.38 per share, for the third quarter of 2017. Net income through the first nine months of the year amounted to $6,505,576, or $1.27 per share, up from the $5,432,293, or $1.05 per share, reported through the first nine months of 2017.

Return on average equity of 12.46% and return on average assets of 1.43% year-to-date increased from 10.93% and 1.28%, respectively, reported for the first nine months of last year. Both ratios remain strong and are very competitive within the banking industry.  

Loan demand remains strong, as evidenced by the $63.6 million growth in loans over the past twelve months. A total of $43.3 million of this increase has occurred since December 31, 2017.  The bank’s yield on loans increased from 5.30% to 5.40% through the first nine months of the year as the Federal Reserve continues to increase the prime interest rate. Higher rates, combined with the increase in loan volume, drove the bank’s interest and fee income up by $2.2 million through the first nine months of the year.   

Total deposits of $545.3 million have increased by $21.5 million year-to-date and are up $53.3 million from one year ago. As with loans, interest rates are beginning to increase. The current 0.43% cost of deposits is up from 0.38% last September, increasing year-to-date AAQAinterest expense from $1.4 million to $1.7 million through the first nine months of the year. Overall, the bank’s net interest margin has increased from 4.56% to 4.71% when comparing the first nine months of 2018 to the same period last year. 

The bank currently holds $2.8 million in foreclosed property, having written down $748 thousand year-to-date to adjust the market value of properties the bank has owned for several years. Last year, the bank wrote down $191 thousand during the first nine months of the year. In addition, the bank has incurred a loss of $209 thousand year-to-date from the sale of foreclosed property, down from a gain of $12 thousand through the first nine months last year.

Net charge-offs for the first nine months of the year amounted to $309 thousand, down slightly from $325 thousand charged off in the first nine months of 2017. Despite the increase in charge offs and an increase in write downs of foreclosed property, overall asset quality remains very strong. During the first nine months of the year, a total of $706 thousand has been provisioned to loan loss reserve, compared to $502 thousand provisioned during the first nine months of 2017.  The current loan loss reserve of $5.2 million represents 0.98% of total loans.   

The common stock of Benchmark Bankshares, Inc. trades on the OTC Pink marketplace under the symbol BMBN. Any stockbroker can assist with purchases of the company's stock, as well as with sales of holdings.

 

Benchmark Community Bank, founded in 1971, is head­quartered in Kenbridge, VA. It is the company's sole subsidiary which oper­ates fifteen banking offices through­out central Southside Vir­ginia and northern North Carolina. Additional information is available at the company’s website, www.BCBonline.com.

Subscribe to RSS - 2018-10-24

Emporia News

Stories on Emporianews.com are be searchable, using the box above. All new stories will be tagged with the date (format YYYY-M-D or 2013-1-1) and the names of persons, places, institutions, etc. mentioned in the article. This database feature will make it easier for those people wishing to find and re-read an article.  For anyone wishing to view previous day's pages, you may click on the "Previous Day's Pages" link in the menu at the top of the page, or search by date (YYYY-M-D format) using the box above.

Comment Policy:  When an article or poll is open for comments feel free to leave one.  Please remember to be respectful when you comment (no foul or hateful language, no racial slurs, etc) and keep our comments safe for work and children. .Comments are moderated and comments that contain explicit or hateful words will be deleted.  IP addresses are tracked for comments. 

EmporiaNews.com serves Emporia and Greensville County, Virginia and the surrounding area
and is provided as a community service by the Advertisers and Sponsors.
All material on EmporiaNews.com is copyright 2005-2018
EmporiaNews.com is powered by Drupal and based on the ThemeBrain Sirate Theme.

Submit Your Story!

Emporia News welcomes your submissions!  You may submit articles, announcements, school or sports information using the submission forms found here, or via e-mail on news@emporianews.com.  Currently, photos and advertisements will still be accepted only via e-mail, but if you have photos to go along with your submission, you will receive instructions via e-mail. If you have events to be listed on the Community Calendar, submit them here.

Contact us at news@emporianews.com
 
EmporiaNews.com is hosted as a community Service by Telpage.  Visit their website at www.telpage.net or call (434)634-5100 (NOTICE: Telpage cannot help you with questions about Emporia New nor does Teplage have any input the content of Emporia News.  Please use the e-mail address above if you have any questions, comments or concerns about the content on Emporia News.)