Articles from JSB Financial Inc.

JSB Financial Inc. (OTCID: JFWV) reported unaudited net income of $1.1 million for the quarter ended September 30, 2025, representing a decrease of $835 thousand when compared to $2.0 million for the quarter ended September 30, 2024. Basic and diluted earnings per common share were $4.40 and $7.64 for the third quarter of 2025 and 2024, respectively. The 2024 third quarter results included the recognition of an interest recovery totaling $1.3 million, a recovery to the allowance for credit losses on loans totaling $252 thousand and a recovery of legal fees totaling $17 thousand on prior nonperforming loans. Excluding the impact of these notable items, pre-tax income for the third quarter of 2025 increased $457 thousand to $1.4 million from $960 thousand for the third quarter of 2024.

JSB Financial Inc. (OTCID: JFWV), the holding company of Jefferson Security Bank, announced that the Board of Directors declared a common stock dividend of $1.35 per share at its August 20, 2025 meeting. The cash dividend is payable on September 12, 2025 to shareholders of record on September 2, 2025. This dividend is an increase from the previous semi-annual dividend and results in an annual dividend of $2.60 per share in 2025, representing an increase of $0.20 per share or 8.3% from $2.40 per share in 2024.

JSB Financial Inc. (OTCID: JFWV) reported unaudited net income of $987 thousand for the second quarter of 2025, representing an increase of $196 thousand, or 24.8% when compared to $791 thousand for second quarter of 2024. Basic and diluted earnings per common share were $3.83 and $3.07 for the second quarter of 2025 and 2024, respectively. For the first six months of 2025, unaudited net income was $1.7 million, representing an increase of $248 thousand, or 17.0%, when compared to $1.5 million for the first six months of 2024. Basic and diluted earnings per common share were $6.65 and $5.68 for the first six months of 2025 and 2024, respectively. Annualized return on average assets and average equity for June 30, 2025 was 0.63% and 11.06%, respectively, and 0.56% and 11.68%, respectively, for June 30, 2024.

JSB Financial Inc. (OTCPink: JFWV) (the “Company”), the parent company of Jefferson Security Bank (the “Bank”), reported unaudited consolidated net income of $724 thousand for the three months ended March 31, 2025, representing an increase of $53 thousand or 8.0% when compared to $671 thousand for the three months ended March 31, 2024. Basic and diluted earnings per common share were $2.81 and $2.61 for the first quarter of 2025 and 2024, respectively.

JSB Financial Inc. (OTC Pink: JFWV), the holding company of Jefferson Security Bank, announced that the Board of Directors declared a cash dividend of $1.25 per common share at its February 19, 2025 meeting. The cash dividend is payable on March 14, 2025 to shareholders of record on March 3, 2025. This represents an increase of $0.05 from the previous semi-annual cash dividend of $1.20 per share paid in September 2024.

JSB Financial Inc. (the Company) (OTC Pink: JFWV), the bank holding company of Jefferson Security Bank (the Bank), reported unaudited consolidated net income for the year ended December 31, 2024, of $4.1 million, representing an increase of $1.1 million or 35.2% when compared to $3.0 million for the year ended December 31, 2023. Basic and diluted earnings per common share were $15.94 and $11.15 for the years ended December 31, 2024 and 2023, respectively. Return on average assets and return on average equity for December 31, 2024, were 0.77% and 15.30%, respectively, compared to 0.65% and 13.23%, respectively, for December 31, 2023.

JSB Financial Inc. (OTC Pink: JFWV), the holding company of Jefferson Security Bank, is proud to announce the promotion of Dustin T. Branner to Executive Vice President and Chief Lending Officer of Jefferson Security Bank. In this critical leadership position, Branner will continue building on his successes in delivering exceptional financial solutions to our customers, while providing leadership to our lending team.

JSB Financial Inc. (OTCPink: JFWV) reported net income of $2.0 million for the quarter ended September 30, 2024, representing an increase of $1.3 million when compared to $643 thousand for the quarter ended September 30, 2023. Basic and diluted earnings per common share were $7.64 and $2.33 for the third quarter of 2024 and 2023, respectively. The third quarter results include the recognition of an interest recovery totaling $1.3 million, a recovery to the allowance for credit losses on loans totaling $252 thousand and a recovery of legal fees totaling $17 thousand on prior nonperforming loans. Excluding the impact of these notable items, pre-tax income of $959 thousand for the third quarter of 2024 was $187 thousand more than the same period in 2023.

JSB Financial Inc. (OTC Pink: JFWV), the holding company of Jefferson Security Bank, announced that Karl J. “Jeff” Keller, Executive Vice President of Lending, will retire after 31 years of dedicated service on September 13, 2024. At the August 21, 2024 board meeting, Mr. Keller was appointed to the Boards of Directors of both JSB Financial Inc. and Jefferson Security Bank to be effective immediately following his retirement. In this role, Mr. Keller’s years of experience and banking expertise will continue to be of benefit to both the holding company and the bank.

JSB Financial Inc. (OTCPink: JFWV), the holding company of Jefferson Security Bank, announced that the Board of Directors declared a common stock dividend of $1.20 per share at its August 21, 2024 meeting. The cash dividend is payable on September 13, 2024 to shareholders of record on September 2, 2024. This dividend is consistent with the previous semi-annual dividend and results in an annual dividend of $2.40 per share in 2024, representing an increase of $0.10 per share or 4.3% from $2.30 per share in 2023.

JSB Financial Inc. (OTC PINK: JFWV) reported net income of $793 thousand for the second quarter of 2024, representing a decrease of $12 thousand or 1.74% when compared to $805 thousand for second quarter of 2023. Basic and diluted earnings per common share were $3.08 and $2.92 for the second quarter of 2024 and 2023, respectively. For the first six months of 2024, net income decreased $227 thousand, or 13.4%, to $1.5 million when compared to $1.7 million for the first six months of 2023. Basic and diluted earnings per common share were $5.68 and $6.13 for the first six months of 2024 and 2023, respectively. Annualized return on average assets and average equity for June 30, 2024 was 0.56% and 11.68%, respectively, and 0.72% and 14.39%, respectively, for June 30, 2023.

JSB Financial Inc. (OTCPK: JFWV) reported net income of $671 thousand for the quarter ended March 31, 2024, representing a decrease of $214 thousand or 24.2% when compared to $885 thousand for first quarter of 2023. Basic and diluted earnings per common share were $2.61 and $3.21 for the first quarter of 2024 and 2023, respectively. Annualized return on average assets and average equity for March 31, 2024 was 0.53% and 10.75%, respectively, and 0.76% and 15.37%, respectively, for March 31, 2023.

JSB Financial Inc. (OTC Pink: JFWV), the holding company of Jefferson Security Bank, announced that its the Board of Directors’ declared a semi-annual dividend at its February 21, 2024 meeting in the amount of $1.20 per share. The cash dividend is payable on March 15, 2024 to shareholders of record on March 4, 2024. This represents an increase of $0.05 per share from the previous semi-annual dividend of $1.15 per share paid in September 2023.

JSB Financial Inc. (the Company) (OTCPK: JFWV), the bank holding company of Jefferson Security Bank (the Bank), reported unaudited consolidated net income for the year ended December 31, 2023, of $3.0 million, representing an decrease of $826 thousand or 21.38% when compared to $3.9 million for the year ended December 31, 2022. Basic and diluted earnings per common share was $11.15 and $14.01 for the year ended December 31, 2023 and 2022, respectively. Return on average assets and return on average equity for December 31, 2023 was 0.65% and 13.28%, respectively, compared to 0.87% and 16.37%, respectively, for December 31, 2022.

JSB Financial Inc. (OTC Pink: JFWV) today announced Jefferson Security Bank’s redemption of shares of its common stock pursuant to the exercise of appraisal rights under Article 13 of the West Virginia Business Corporation Act (WVBCA). Shareholders of Jefferson Security Bank were entitled to appraisal rights under the WVBCA in connection with the reorganization of Jefferson Security Bank into a holding company structure whereby Jefferson Security Bank became a wholly owned subsidiary of JSB Financial Inc.

JSB Financial Inc. (OTCPK: JFWV), the holding company of Jefferson Security Bank, announced that its Board of Directors’ declared a semi-annual dividend at its August 16, 2023 meeting in the amount of $1.15 per share. This is the first semi-annual dividend declared following the formation of JSB Financial Inc. on July 31, 2023. The cash dividend is payable on September 15, 2023, to shareholders of record on August 31, 2023.