Gouverneur Bancorp Inc. announced that the company's board of directors has declared a semi-annual dividend payment of $0.17 per share for all stockholders of record as of the close of business on September 15, 2009. This dividend will be paid on September 30, 2009.

Gouverneur Bancorp Inc. reported earnings results for the third quarter and nine months ended June 30, 2009. For the quarter, the company reported net income of $314,000, or $0.14 per diluted share, representing an increase of $87,000, or 38.33% from last year's net income of $227,000, or $0.10 per diluted share. The annualized return on average assets and average equity was 0.91% and 5.85% respectively, compared to 0.69% and 4.39% for the three months ended June 30, 2008. For the nine months ended June 30, 2009, the company reported net income of $1,014,000, or $0.44 per diluted share, representing an increase of $311,000, or 44.24% over last year's net income of $703,000, or $0.31 per diluted share. The annualized return on average assets and average equity was 0.98% and 6.38% respectively, compared to 0.71% and 4.55% for the same period last year.

Gouverneur Bancorp Inc. announced earnings results for the second quarter and six month ended March 31, 2009. For the three months, the company reported net income of $348,000 or $0.15 per diluted share, representing an increase of $111,000, or 46.8% over last year's net income of $237,000 or $0.10 per diluted share. The annualized return on average assets and average equity were 1.03% and 6.61%, respectively compared to 0.73% and 4.61% respectively for the three months ended March 31, 2008. For the six months, the company reported net income of $699,000 or $0.31 per diluted share representing an increase of $223,000 or 46.8% from last year's net income of $476,000 or $0.21 per diluted share. The annualized return on average assets and average equity were 1.02% and 6.64% respectively compared to 0.72% and 4.63% respectively during the six months ended March 31, 2008. Since September 30, 2008, net loans increased $3.1 million or 2.8% from $110.5 million to $113.6 million over the same period.