|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||70.01 - 70.01|
|52 Week Range||50.75 - 97.00|
|Beta (5Y Monthly)||0.54|
|PE Ratio (TTM)||7.85|
|Forward Dividend & Yield||1.90 (2.81%)|
|Ex-Dividend Date||Feb 28, 2020|
|1y Target Est||N/A|
Jefferson Security Bank (OTC Pink: JFWV) reported net income of $620 thousand for the quarter ended March 31, 2020, compared to net income of $628 thousand for the same period in 2019. Diluted earnings per share were $2.22 for the first quarter of 2020, compared to $2.25 for the same period in 2019. Annualized return on average assets and average equity for March 31, 2020 was 0.77% and 8.74%, respectively, compared to 0.81% and 10.44%, respectively, for March 31, 2019. With improvements in net interest income, noninterest income and well-managed noninterest expenses, the decline in net income was primarily attributed to an increase in the provision for loan losses of $160 thousand through the first quarter of 2020, compared to no provision for the same period in 2019. This change is due primarily to the economic stress and significant uncertainty of the current pandemic.
Jefferson Security Bank (OTC Pink: JFWV) announced today that due to the stay at home orders and the orders to close non-essential businesses issued by the Governors of West Virginia, Maryland and Virginia, the location and format of the Annual Meeting of Shareholders (the "Annual Meeting") of Jefferson Security Bank (the "Company") has been changed. Subject to and in compliance with Governor’s Orders and Health Department requirements, the Annual Meeting scheduled for Wednesday, April 22, 2020 at 11:00 a.m. will take place at the Barron Office of Jefferson Security Bank located at 7994 Martinsburg Pike, Shepherdstown, WV 25443. To comply with these orders and to protect you, your fellow shareholders and employees of Jefferson Security Bank from potential exposure to the coronavirus (COVID-19), the Company strongly encourages you to vote by proxy and to not attend the Annual Meeting.