Jefferson Security Bank reported financial results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $203,612, or $0.71 per share, as compared to a net loss of $64,008, or a loss of $0.22 per share a year ago. For the period, the company reported net income of $916,996 or $3.15 per share which is a decrease of $182,457, 16.6%, from net income of $1,099,453, or $3.67 per share for the same period a year ago. As of September 30, 2009, book value per share was $64.49, which is an increase of $0.19 or 0.3% from book value per share of $64.30 as of September 30, 2008.

Jefferson Security Bank reported earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net income of $209,039 as compared to net income for the corresponding quarter of $529,006. Earnings per share were $0.72 as compared to earnings per share of $1.77 for the second quarter of 2008. For the six months ended June 30, 2009, net income was $713,384, or $2.44 per share, as compared to net income of $1,163,461, or $3.88 per share, for the six months ended June 30, 2008. The annualized return on average assets was 0.60%, and the annualized return on average equity was 7.56% for the six months ended June 30, 2009. In comparison, the six months ended June 30, 2008 generated an annualized return on average assets and average equity of 0.95% and 11.55%, respectively. Book value per share as of June 30, 2009 was $63.90, which is a decrease of $3.78 or 5.59% from book value per share of $67.68 as of June 30, 2008. Based on these results, the Board of Directors declared a semiannual dividend in the amount of $1.00 per share, payable on July 15, 2009 to shareholders of record on June 30, 2009. This dividend represents a reduction of $0.25 from the $1.25 per share dividend paid in January 2009.

Jefferson Security Bank announced earnings results for the first quarter of 2009. First quarter 2009 net income of $504,345 or $1.72 per share decreased from net income for the first quarter of 2008 of $634,455 or $2.11 per share. Net interest income decreased $176,000 or 7.36%, due to decreases in interest rates as loan rates repriced faster than deposit rates. The return on average assets was 0.85%, and the return on average equity was 10.71% for the quarter ended March 31, 2009 as compared to a return on average assets of 1.03% and a return on average equity of 12.80% for the quarter ended March 31, 2008.