Jeffersonville Bancorp Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
February 11, 2020 at 11:16 am EST
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Jeffersonville Bancorp announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 4.871 million compared to USD 5.227 million a year ago. Net income was USD 1.045 million compared to USD 1.137 million a year ago. Basic earnings per share was USD 0.25 compared to USD 0.27 a year ago. For the full year, net interest income was USD 20.610 million compared to USD 19.781 million a year ago. Net income was USD 6.506 million compared to USD 6.203 million a year ago. Basic earnings per share was USD 1.54 compared to USD 1.46 a year ago.
Jeffersonville Bancorp is a bank holding company for Jeff Bank (the Bank). The Company's principal activity is the ownership of all outstanding shares of the Bankâs stock. It operates through community banking operations segment. The Bank is a commercial bank providing community banking services to individuals, small businesses, and local municipal governments primarily in Sullivan County, New York. The Bank maintains ten full-service branches in Sullivan and Orange County, New York located in Anawana Lake Road/Monticello, Eldred, Callicoon, Jeffersonville, Liberty, Livingston Manor, Monticello, Port Jervis, White Lake, and Wurtsboro.