JEFFERSONVILLE, NY — Jeffersonville Bancorp, Inc. (OTCQB - JFBC) announced its second quarter net income of $3,290,000 or $0.78 per share, compared to $3,031,000 or $0.72 per share for the same quarter in 2024. 

The increase in quarterly net income was primarily attributable to a decrease in interest expense of $589,000; an increase in loan interest and fees of $533,000; and a decrease in non-interest expense of $172,000.  

Year-to-date net income as of June 30, 2025 was $6,008,000 or $1.42 per share compared to $5,584,000 or $1.32 per share for the same period in 2024. The increase in year-to-date net income compared to 2024 of $424,000 was primarily attributable to a decrease in interest expense of $1,210,000; an increase in loan interest and fees income of $861,000; and a decrease in non-interest expense of $96,000. 

The increase was partially offset by a decrease in securities and other interest income of $1,191,000; a decrease in non-interest income of $330,000 attributable to a net decrease in Bank Owned Life Insurance proceeds of $349,000 in the same period in 2024; an increase in provision for credit losses of $124,000; and an increase income tax expense of $98,000, compared to the same period in 2024.

 “The company continues to benefit from the current rate environment with strong loan growth and higher rates on securities.” said George Kinne Jr., president/CEO. “Our stable deposit base continues to be a major contributor to our success.”

 A cash dividend of $0.15 per share on the common stock of the company was declared at the August 12 meeting of the board of directors. The dividend is payable on September 4 to stockholders of record at the close of business on August 26.

 Jeffersonville Bancorp is a one-bank holding company that owns all the capital stock of Jeff Bank. Jeff Bank maintains 10 full-service branches in Sullivan and Orange counties in New York.