Due to inclement weather, we had to reschedule our School Market.  The School Market will be held at Greensville Elementary on Tuesday, September 25, 2018 starting at 4:30.  Free food items will be first come, first serve.  Tia Powell with the Virginia Cooperative Extension will be on hand showcasing food demonstrations and the Virginia Health Department will be there with free blood pressure checks!  We hope to see many Greensville Elementary parents and guardians for a fun family event! 

 

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2018-4-25

Greensville County High School Scores $986 Athletics Grant from California Casualty

(L to R): Assistant Superintendent - Roland 'Tommy' Coleman, Coach - Charles D. Ross, Greensville County High School Principal - Lameka Harrison, Greensville UniServe Director Evette Wilson, Greensville County Education Association Building Rep Nateesha Maryland, California Casualty’s Scott McKenna
 
Emporia, VA, April 24, 2018 – Athletes at Greensville County High School (Emporia) will benefit from the 2018 California Casualty Thomas R. Brown Athletics Grant program. It is one of 79 public middle schools and high schools in 32 states awarded a total of $83,000 to aid sports programs affected by tight budgets.
 
The school will use the $986 to provide new resistance bands, medicine balls and other equipment for the weight room that will benefit all PE classes and student athletes. Coach Charles Ross says the new equipment will help him provide a quality sports program at the school, and the items will have a positive effect on student-athletes for years to come.
 
Two other Virginia schools, Holston High School (Damascus) and Huguenot High School (Richmond), also received athletics grants from California Casualty this year.
 
The grant is named for California Casualty Chairman Emeritus Tom Brown, an avid sportsman who believes that teamwork, confidence and sportsmanship help develop high achievers in academics and in life.
 
Since its inception in 2011, more than $660,000 has been awarded to some 600 schools across the nation.
 
“All students should have the opportunity to compete,” said Lisa Almeida, Assistant Vice President. “California Casualty’s 67 year commitment to educators and schools also reaches to athletic fields.”
 
Public middle and high schools in the Old Dominion State with an unmet need for a sports program can try for next year; applications for the 2018/2019 California Casualty Thomas R. Brown Athletics Grants are now being taken at www.calcasathleticsgrant.com. The deadline for consideration is January 15, 2019.
 
California Casualty has other initiatives that give back to educators for all their hard work including the “Wherever Your Journey Takes you…We’ll be there” sweepstakes for a chance to win a Dodge Journey, www.winajourney.com; $7,500 School Lounge Makeover®, www.schoolloungemakeover.com; and $200 Help Your Classroom grants, www.calcas.com/help-your-classroom.

 
Founded in 1914, California Casualty provides the NEA® Auto & Home Insurance Program, available to VEA members. Headquartered in San Mateo, California, with Service Centers in Arizona, Colorado and Kansas, California Casualty has been led by four generations of the Brown family. To learn more about California Casualty, or to request an auto insurance quote, please visit www.calcas.com/NEA or call 1.800.800.9410.

VA, WV SENATORS INTRODUCE LEGISLATION TO RENAME DEPT OF AGRICULTURE AS ‘DEPT OF AGRICULTURE AND RURAL DEVELOPMENT’

~ Bipartisan legislation would recognize Department’s focus on increasing economic opportunities in rural communities ~

WASHINGTON — Today, U.S. Sens. Mark R. Warner (D-VA), Shelley Moore Capito (R-WV), Joe Manchin (D-WV), and Tim Kaine (D-VA) introduced bipartisan legislation that would rename the U.S. Department of Agriculture (USDA) as the Department of Agriculture and Rural Development. The change would accurately reflect theDepartment’s increasing focus on improving the quality of life of more than 45 million Americans living in rural areas. The Department already provides significant financial resources and technical assistance to rural communities in the form of loans, loan guarantees, and grants that help support economic development in these areas. Renaming the agency would help highlight its mission of providing rural communities with access to critical infrastructure, broadband, telecommunications connectivity, capital, healthcare, and other essential resources.

“President Lincoln called USDA ‘The People’s Department’ because, dating back to its founding in 1862, it has always been the primary government entity charged with boosting economic development in rural communities. But at the time of USDA’s creation, nearly half of all Americans lived on farms, compared to just 2 percent today,” said Sen. Warner. “This bipartisan bill would highlight the USDA’s ongoing efforts to help rural communities thrive and underscore that part of its mission is increasing economic opportunity in rural America.”

“USDA plays an instrumental role in improving the lives of millions of Americans living in rural areas—especially in states like West Virginia,” said Sen. Capito. “The department has provided West Virginians access to increased broadband connectivity, improved health services, and critical infrastructure, and remains an important partner in these and other efforts. Renaming USDA will make it possible to recognize the agency’s role in creating more economic opportunity in rural communities, as well as its increasing role in rural development.”

“Today, the Department of Agriculture does more than provide assistance to farmers, it provides residents in rural areas in West Virginia with financial and technical assistance to confront the challenges many areas currently face,” said Sen. Manchin. “That’s why I believe the Department should be renamed and known for the services it should be focusing on, such as improving access to critical infrastructure, broadband, telecommunications connectivity, capital, healthcare, and other essential resources. Last year, I co-chaired the Appalachia Initiative where I discussed ways to address the challenges the rural communities in West Virginia face. This legislation will help shine a light on the Department of Agriculture’s vital work to ensure rural America does not get left behind.”

“USDA plays a critical role in promoting infrastructure and economic development in rural America. Too many rural communities lack clean drinking water, reliable broadband internet, and adequate health and transportation resources,” said Sen. Kaine. “The rural development mission of USDA is just as important as its agriculture, food safety, and nutrition missions and should be reflected in its title.”

President Abraham Lincoln signed into law an act of Congress in 1862 that established the United States Department of Agriculture. Currently, USDA is made up of 29 agencies and offices with nearly 100,000 employees who serve the American people at more than 4,500 locations across the country and abroad. The Department is the federal agency in charge of meeting the needs of farmers and ranchers, promoting agricultural trade and production, working to assure food safety, protecting natural resources, fostering rural communities and ending hunger in the United States and internationally. In 2012, USDA commemorated its 150th anniversary.

“Rural communities are a key pillar of America, however, they are often challenged by geographic isolation and persistent poverty. For the residents of rural America that continue to feel left behind in today’s economy, The Department of Agriculture and Rural Development Act of 2017 offers a renewed focus on the economic matters specific to their community. BPC Action hopes this step by Sens. Mark Warner (D-VA), Shelley Moore Capito (R-WV), and Joe Manchin (D-WV) will better focus federal efforts around conditions in rural America and produce pragmatic solutions such as those recommended by BPC’s Appalachia Initiative,” said Michele Stockwell, Executive Director of BPC Action.

“The National Cotton Council greatly appreciates the work and support of Sen. Warner to help address economic challenges facing the cotton industry and broader concerns in agriculture and across rural America.  We support the Senator’s efforts to highlight the critically important role of the U.S. Department of Agriculture (USDA) in providing rural development support and economic opportunities in our rural communities,” said Reece Langley, VP of Washington Operations of the National Cotton Council.

"America's turkey farmers appreciate Sen. Warner's support for the rural communities that supply our farm inputs and where many of the facilities that process the turkeys we raise are located. This effort to rename the Department of Agriculture "the Department of Agriculture and Rural Development" reinforces the importance of rural development in the mission of the Department and to rural communities. The National Turkey Federation thanks Sen. Warner for working to ensure the communities where our families, friends and neighbors work and go to school have access to the infrastructure and resources needed to thrive and grow" said Joel Brandenberger, President of the National Turkey Federation.  

“Historically, Rural Development programs have not been a priority within the Agriculture Department, regardless of political party in charge. We believe renaming the Department would elevate the Rural Development mission area and better reflect the importance of these programs for rural communities across the country,” said Robert A. Rapoza, Executive Secretary of the National Rural Housing Coalition.

Sens. Warner and Manchin, along with Sens. David Perdue (R-GA) and Thom Tillis (R-NC), are co-chairs of the bipartisan Appalachia Initiative, a task force convened with the Bipartisan Policy Center (BPC) to find pragmatic, bipartisan solutions to Appalachia’s challenges. Last year, they released a report with a set of bipartisan recommendations to boost economic growth in Appalachia. Sens. Warner, Capito, and Manchin, along with Sen. Roger Wicker (R-MS), have also introduced bipartisan legislation to expand economic opportunity in Appalachia.

The text of the bill can be found here.

Own a Business or Live in Brunswick County? Take the Broadband Survey

Dear Editor,

Greetings from the Brunswick County Board of Supervisors!

The Board of Supervisors adopted its Vision for 2035 in February 2017 to provide a guide, or road map if you will, for our County. Among those priorities in the Vision for 2035 included the following:

Premier Location for Economic Growth and Development

In response to this goal the Board of Supervisors voted to partner with the Center for Innovative Technology (CIT) - at no cost to the County — to conduct a comprehensive Broadband Needs Assessment Survey for the County to:

  • Identify gaps in broadband service,
  • Identify key vertical assets that could address the un-»“under-served areas,
  • Provide funding options for new infrastructure,
  • Define strategies for partnering with incumbent providers, and
  • Document methods for addressing broadband awareness and adoption to improve utilization for all citizens.

As you may be aware, better broadband access can enhance the quality of life for many through increased access to health services, improved communication with friends and family, and faster home entertainment streaming, as well as opportunities for working, shopping, and education from home.

I am certain that by now everyone has either seen in our local newspaper or on social media a request to go online to complete the Brunswick County Broadband Needs Assessment Survey. If you have filled out the survey we GREATLY appreciate your participation. The deadline to respond to this survey has been extended to Monday, April 30, 2018 at 11:59 p.m. The deadline to participate has been extended to permit more households and businesses an opportunity to be heard — as we stand today we are at an average of 9 % participation whereas we need to be in the 12 to 15 percent participation level to attract and be competitive with various broadband providers. The higher level of participation clearly signals that our citizens are serious about their interest in as well as showing concern for our education systems (public/private/higher ed/job retraining) and dire interest in attracting Economic Development opportunities to the County! Again, we need EVERY HOUSEHOLD OR BUSINESS to either complete a paper copy that is located at the public library, the County Government Building — Administration or Planning Offices or the Chamber of Commerce. You may still go online and complete the Broadband Needs Assesment Survey.

We look forward to your responses to the County’s Broadband Needs Assessment Survey.

Sincerely,

Barbara Jarrett Harris

Chair Brunswick County Board of Supervisors

Benchmark Bankshares, Inc. Reports First Quarter Earnings

KENBRIDGE, VA, April 23, 2018 - Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based hold­ing company for Benchmark Community Bank, announced unaudited results for the first quarter of 2018.  Net income of $2,127,433, or $0.41 per share, for the first quarter of 2018 was up $459 thousand, or 27.5% over net income of $1,667,506, or $0.32 per share, for the first quarter of 2017.  Return on average assets increased from 1.20% to 1.45% and return on average equity increased from 10.43% to 12.52% when comparing the first quarter of 2018 the same period one year ago.

Loan demand remains strong.  Total loans, up by $5.9 million year-to-date, have increased by $39.8 million over the past twelve months.  Loan demand in the Henderson, NC and Wake Forest, NC markets have been the primary driver of this growth.  Total loans have increased by $7.5 million and $3.3 million, respectively, in these markets for the quarter and by $13.9 million and $21.6 million, respectively, over the past twelve months.  Yield on loans increased from 5.28% to 5.42% as the Federal Reserve continues to increase interest rates.  The result was an increase of $658 thousand, or 11.21%, in interest and fees on loans when comparing the first quarter of 2018 to the first quarter of 2017.

Total deposits at quarter-end amounted to $536.1 million, an increase of $12.2 million during the quarter and an increase of $29.2 million over the past twelve months.  During this time noninterest-bearing checking deposits are up $8.2 million, interest-bearing checking accounts are up $10.7 million, savings accounts are up $5.3 million, money market accounts are up $17.1 million, and time deposits are down $12.1 million.  The bank’s cost of funds has remained steady at 0.40%, resulting in a small $28 thousand increase in interest expense for the quarter.  The bank’s net interest margin increased from 4.47% to 4.71% when compared to one year ago. 

Net interest income, before the provision for loan losses, amounted to $6.35 million in the first quarter of 2018, up 11.3% from $5.70 million in the first quarter of 2017. 

Total noninterest income declined by $44 thousand, or 2.93%, as the gain on the sale of loans decreased from $292 thousand to $223 thousand for the quarter.  During the first quarter of 2017 the bank incurred a gain on the sale of securities of $52 thousand while no securities were sold during the first quarter of 2018.

Net charge-offs for the quarter amounted to $32 thousand, down from $139 thousand charged off during the first quarter of 2017.  Although charge-offs remain low and past-due loans are declining, management provisioned $156 thousand to the loan loss reserve during the first quarter of 2018, primarily as a result of loan growth.  Management provisioned $181 thousand to the reserve during the first quarter of 2017.  The current loan loss reserve stands at $4.8 million, or 0.98% of total loans. 

Foreclosed assets, at $3.2 million, are down from $3.8 million one year ago.  The bank incurred expenses, including valuation write-downs, related to foreclosed assets of $227 thousand in the first quarter.  This compares to $42 thousand expensed during the first quarter last year. 

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, and is the company's sole subsidiary which oper­ates twelve banking offices through­out central Southside Vir­ginia and loan production offices in Wake Forest, NC and Henderson, NC.  Additional information is available at the company’s website, www.BCBonline.com.

  Three Months Ended March 31,
  (Dollars in thousands, except per share data)
  2018   2017   2016
Assets $608,800   $576,196   $535,440
Loans (gross) $492,684   $452,823   $427,689
Deposits $536,165   $506,992   $469,501
Equity $69,399   $65,672   $61,801
Equity to Assets 11.40%   11.40%   11.54%
Loans to Deposits 91.89%   89.32%   91.09%
           
Net Income $2,127   $1,668   $1,600
Effective Tax Rate* 19.09%   30.51%   30.61%
           
Return on Avg. Equity 12.52%   10.43%   10.48%
Return on Avg. Assets 1.45%   1.20%   1.21%
Earnings per Share $0.41   $0.32   $0.31
Book Value per Share $13.49   $12.71   $11.97
*Corporate tax rate reduced from 34% to 21% as part of the Tax Cuts and Jobs Act of 2017.
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