Welcome to our dedicated page for JSB FINCL news (Ticker: JFWV), a resource for investors and traders seeking the latest updates and insights on JSB FINCL stock.
JSB Financial Inc. reports developments tied to its role as the bank holding company for Jefferson Security Bank, an independent community bank serving customers through offices in Berkeley County and Jefferson County, West Virginia, and Washington County, Maryland. News commonly covers quarterly and annual earnings, net interest income, loan portfolio growth, core deposit trends, asset quality, liquidity, book value, and returns on average assets and equity.
The company's updates also include semi-annual common stock dividend declarations and commentary on Jefferson Security Bank's community banking activities for individuals, businesses, municipalities, and community organizations. Its recurring disclosures center on commercial real estate lending, residential real estate lending, interest-earning deposits, investment securities, and credit-quality measures.
Jefferson Security Bank (OTCBB: JFWV) reported a net income increase to $871 thousand for Q4 2020, up from $743 thousand in Q4 2019. Annual net income rose to $2.88 million, a 2.8% increase from $2.80 million in 2019. Basic earnings per share for 2020 were $10.30, compared to $10.02 in 2019. Total assets grew to $380.7 million, a 17.4% increase from $324.4 million. Total deposits rose by $63.4 million or 22.4%. The provision for loan losses significantly increased to $800 thousand due to economic uncertainty, impacting financial performance.