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JBT Bancorp reported strong second quarter earnings of $3,158,000, or $1.30 per share, reflecting a 128% increase from last year’s $1,388,000, or $0.57 per share. This growth was driven by increased loan interest income, mortgage profits, and Paycheck Protection Program fees. Additionally, reductions in interest expenses and loan loss provisions enhanced earnings. The bank operates 14 locations in Pennsylvania, serving Lebanon, Lancaster, and Berks Counties.
Jonestown Bank & Trust Co. (JNES) reported a strong first quarter of 2021, earning $1,330,000 or $0.55 per share, a remarkable increase of 72.5% from $771,000 or $0.32 per share in the same period last year. This growth is attributed to a 19.90% rise in net interest income and decreased provisions for loan losses. The bank is experiencing robust growth in commercial loans, particularly through the Paycheck Protection Program and indirect auto lending. JBT operates 14 branches in Pennsylvania, serving local communities effectively.
