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JSB FINCL INC (symbol: JFWV) is a well-established financial services company known for its comprehensive range of banking and financial solutions. The company's core business revolves around providing personal and commercial banking services, tailored investment products, and wealth management solutions. With a commitment to innovation and customer satisfaction, JSB Financial Inc. has carved out a significant niche in the financial sector.
Recent achievements of the company include the successful launch of several customer-centric digital banking services, which have greatly enhanced user experience and accessibility. Additionally, JSB Financial Inc. has strengthened its market position through strategic partnerships and acquisitions that expand its service offerings and geographic reach.
Currently, the company is focused on several key projects, including the integration of advanced financial technologies to streamline operations and improve service delivery. Financially, JSB Financial Inc. remains robust, with steady revenue growth and a well-managed risk profile, thanks to prudent fiscal policies and a diversified portfolio.
The company's product lineup is extensive, featuring a range of banking services such as savings and checking accounts, loans, credit facilities, and investment services designed to meet the diverse needs of its clientele. Moreover, JSB Financial Inc.'s wealth management division offers personalized financial planning and advisory services, helping clients achieve their long-term financial goals.
JSB Financial Inc. continues to be a pivotal player in the financial sector, driving growth and innovation while maintaining a strong financial foundation. Investors and customers alike can rely on the company for reliable services and forward-thinking solutions.
Jefferson Security Bank (OTC Pink: JFWV) reported a robust fourth quarter of 2021, with net income reaching
Jefferson Security Bank (OTC Pink: JFWV) reported a net income of
Jefferson Security Bank (OTC Pink: JFWV) announced a semi-annual dividend of $1.05 per share, approved by the Board of Directors on August 18, 2021. This dividend, payable on September 10, 2021, to shareholders of record on September 1, 2021, raises the annual dividend to $2.05, marking a 7.9% increase from $1.90 in 2020. CEO Cindy Kitner highlighted the bank's solid earnings performance as key to providing consistent returns to shareholders while focusing on capital strength.
Jefferson Security Bank (OTC Pink: JFWV) reported a net income of $1.0 million for Q2 2021, up 43.4% from $701 thousand in Q2 2020, with diluted earnings per share increasing to $3.65. For the first six months of 2021, net income totaled $1.8 million, a 35.3% increase year-over-year. Total assets rose by 18.3% to $414.3 million, and deposits grew by 20.1% to $379.3 million. The allowance for loan losses remained stable at 1.12% of total loans. Significant deposit growth, attributed to government stimulus, funded loan and investment portfolio expansion.
Jefferson Security Bank (OTC Pink: JFWV) reported a net income of $782 thousand for Q1 2021, a 26.1% increase from $620 thousand in Q1 2020. Diluted EPS rose to $2.81 from $2.22 year-over-year. Total assets grew 21.7% to $398.5 million, and loans increased to $245.1 million. The provision for loan losses was reduced to $80 thousand from $160 thousand in the same quarter last year. Additionally, deposits rose by 24.7% to $363.8 million. The bank continues to support small businesses through PPP loans, with $17.5 million outstanding as of March 31, 2021.
Cindy A. Kitner, CPA, President and CEO of Jefferson Security Bank, has been appointed to the FDIC’s Advisory Committee on Community Banking. The committee advises the FDIC on community bank policies and regulatory issues. Kitner's leadership at Jefferson Security Bank has led to record earnings for three consecutive years and the largest asset size in the bank's history. Kitner expressed her honor in joining the committee and her commitment to influencing local banking matters.
Jefferson Security Bank has appointed Mike Chapman as the new Vice President of Operations and Innovation as of February 2021. Chapman will focus on enhancing digital banking, improving customer experience, and streamlining internal processes. He brings over 24 years of experience from Royal Vendors, where he led tech and operations. President Cindy Kitner expressed confidence in Chapman's ability to drive innovation and cultural change within the bank, which is dedicated to serving its community.
Jefferson Security Bank (OTC Pink: JFWV) has declared a semi-annual dividend of $1.00 per share, a $0.05 increase from the previous year. The dividend will be paid on March 12, 2021, to shareholders of record as of March 1, 2021. Additionally, the Board approved a stock repurchase program allowing the buyback of up to 3,500 shares at $85.00 each, effective February 19, 2021. This program aims to provide liquidity and is subject to regulatory restrictions, with the possibility of suspension or modification.
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.
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