JEFFERSONVILLE, N.Y., Nov. 14, 2007 (PRIME NEWSWIRE) -- Jeffersonville Bancorp, Inc. (Nasdaq:JFBC) announced today third quarter net income after taxes of $1,149,000 ($0.27 basic earnings per share) compared to $1,385,000 ($0.31 basic earnings per share) for the third quarter of 2006. Earnings for the first nine months of 2007 were $3,396,000 ($0.79 basic earnings per share) compared to $3,531,000 ($0.80 basic earning per share) in 2006.
A cash dividend in the amount of twelve cents ($0.12) on the common stock of the company was declared at the November 13, 2007 meeting of the Board of Directors. The dividend is payable on December 3, 2007 to stockholders of record at the close of business on November 21, 2007. In addition, the Board of Directors declared an extra dividend in the amount of two cents ($0.02) per share to be paid simultaneously with the regular dividend. This results in total dividends for the year 2007 of $0.50 per share compared to $0.48 per share last year.
Total assets as of September 30, 2007 were $388,350,000 compared to $399,462,000 on September 30, 2006.
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 New York located in Jeffersonville, Liberty, Monticello, Eldred, Loch Sheldrake, Livingston Manor, Narrowsburg, Callicoon, Wal*Mart/Monticello and Wurtsboro.