Jeffersonville Bancorp Announces Second Quarter Earnings of $3,290,000 or $0.78 per share; Declares Dividend of $0.15

Financial Performance - Jeffersonville Bancorp reported a second quarter net income of $3,290,000 or $0.78 per share, an increase from $3,031,000 or $0.72 per share in the same quarter of 2024, reflecting a $259,000 increase in net income [1] - 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, marking a $424,000 increase [2] Revenue Drivers - The increase in quarterly net income was primarily due 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 [1] - Year-to-date net income increase was driven by 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 [2] Challenges - The increases in net income were partially offset by a decrease in securities and other interest income of $525,000 for the quarter and $1,191,000 year-to-date, as well as a decrease in non-interest income of $432,000 for the quarter and $330,000 year-to-date [1][2] - There were also increases in provision for credit losses of $26,000 for the quarter and $124,000 year-to-date, along with an increase in tax expense of $52,000 for the quarter and $98,000 year-to-date [1][2] Dividend Declaration - A cash dividend of $0.15 per share was declared, payable on September 4, 2025, to stockholders of record as of August 26, 2025 [3] Company Overview - Jeffersonville Bancorp is a one-bank holding company that owns all the capital stock of Jeff Bank, which operates ten full-service branches in Sullivan and Orange County, New York [4]