Juniata Valley Financial Corp. reported earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company's net income was $1,288,000, as compared to $1,451,000 in the third quarter of 2008. Basic and diluted earnings per share were $0.30 versus $0.33 in the comparable quarter in 2008. Annualized return on average equity was 10.39% compared to 11.89% a year ago. For the nine months, the company's basic and diluted earnings per share were $0.89 as compared to $0.97 in the same period in 2008. Net income was $3,863,000, compared to $4,250,000 in the first nine months of 2008. Net interest income was approximately $12.0 million, essentially unchanged from the same period in 2008. Annualized return on average equity was 10.48% compared to 11.63% a year ago. The Board of Directors declared a cash dividend of $0.20 per share for the fourth quarter, payable on December 1, 2009 to shareholders of record on November 13, 2009, reflecting a 5.3% increase in regular dividends as compared to the prior year's third quarter.

On October 1, 2009, Juniata Valley Financial Corp. was notified that the audit practice of Beard Miller Company LLP, an independent registered public accounting firm, was combined with ParenteBeard LLC in a transaction pursuant to which Beard combined its operations with ParenteBeard and certain of the professional staff and partners of Beard joined ParenteBeard either as employees or partners of ParenteBeard. On October 1, 2009, Beard resigned as the auditors of the company. On October 1, 2009, with the approval of the Audit Committee of the company's Board of Directors, ParenteBeard was engaged as the company's independent registered public accounting firm.

Juniata Valley Financial Corp. announced operating results for the second quarter of 2009 and for the first six months ended June 30, 2009. For the quarter ended June 30, 2009, net income was $1,165,000, as compared to $1,397,000 in the second quarter of 2008. Basic and diluted earnings per share were $0.27 in the second quarter of 2009 versus $0.32 in the comparable quarter in 2008. Basic and diluted earnings per share for the six months ended June 30, 2009 were $0.59 as compared to $0.64 in the same period in 2008. Net income year-to-date through June 30, 2009 was $2,575,000, compared to $2,799,000 in the first half of 2008. Net interest income was approximately $8.1 million for the first half of 2009, as compared to $7.8 million in 2008. The net interest margin, on a fully tax-equivalent basis, increased 5 basis points, from 4.26% to 4.31%, when comparing the two periods, as the cost of funding sources has decreased more quickly than yields on earning assets. Juniata Valley's Board of Directors declared a cash dividend of $0.20 per share for the third quarter, payable on September 1, 2009 to shareholders of record on August 14, 2009, reflecting a 5.3% increase in regular dividends as compared to the prior year's third quarter.