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Jeffersonville Bancorp Announces Third Quarter Earnings and Declares Quarterly Dividend, Plus Extra Dividend.


JEFFERSONVILLE, N.Y. -- Jeffersonville Bancorp, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
 - JFBC JFBC Johnson Ferry Baptist Church (GA, USA)
JFBC Jasper's First Baptist Church (AL, USA) 
) announced today third quarter net income after taxes of $1,358,000 ($0.31 basic earnings per share) compared to $1,409,000 ($0.32 basic earnings per share) for the third quarter of 2005. Earnings for the first nine months of 2006 were $3,531,000 ($0.80 basic earnings per share) compared to $4,165,000 ($0.94 basic earning per share Noun 1. earning per share - the portion of a company's profit allocated to each outstanding share of common stock
net income, net profit, profit, profits, earnings, lucre, net - the excess of revenues over outlays in a given period of time (including depreciation
) in 2005.

A cash dividend in the amount of eleven cents ($0.11) on the common stock of the company was declared at the November 14, 2006 meeting of the Board of Directors. The dividend is payable on December 1, 2006 to stockholders of record at the close of business on November 22, 2006. In addition, the Board of Directors declared an extra dividend in the amount of four cents ($0.04) per share to be paid simultaneously with the regular dividend. This results in total dividends for the year 2006 of $0.48 per share compared to $0.44 per share last year, an increase of 9%.

For the quarter ended September 30, 2006 total assets increased $19,186,000 (5.0%) to $399,462,000 while loans increased $3,834,000 (1.6%) to $245,625,000 compared to September 30, 2005.

Jeffersonville Bancorp is a one-bank holding company, which owns all the capital stock of The First National Bank of Jeffersonville. "Jeff Bank" maintains ten full service branches in Sullivan County Sullivan County is the name of six counties in the United States of America:
  • Sullivan County, Indiana
  • Sullivan County, Missouri
  • Sullivan County, New Hampshire
  • Sullivan County, New York
  • Sullivan County, Pennsylvania
  • Sullivan County, Tennessee
 New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 located in Jeffersonville, Liberty, Monticello, Eldred, Loch Sheldrake, Livingston Manor This article contains information related to Livingston Manor, the 18th century New York estate. Livingston Manor, New York is a town in Sullivan County.

Livingston Manor
, Narrowsburg, Callicoon, Wal*Mart/Monticello and Wurtsboro.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 15, 2006
Words:265
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