JSB Financial Profile
Jefferson Security Bank provides banking products and services to individuals, agricultural businesses, commercial businesses, local government entities and non-profit organizations.
The company offers its products and services through its main office; full-service retail banking offices; and drive-thru banking office located throughout its market area.
The company maintains a loan portfolio, including loans to individuals for home mortgages, automobiles and personal expenditures, and loans to business enterprises for current operations and expansion.
The company is headquartered in Shepherdstown, West Virginia. The principal markets for its financial services are the eastern panhandle region of West Virginia in Jefferson and Berkeley counties and in adjacent Washington County, Maryland, including the areas surrounding these communities.
Loans
For the year ended December 31, 2020, the company’s loans included commercial real estate loans, including construction, owner occupied, and non-owner occupied loans; residential real estate loans, such as construction, home equity, and other loans; and consumer loans, including credit cards, revolving credit plans, and other loans.
Deposits
The company offers various deposit products, including checking, savings, money market, individual retirement accounts and certificates of deposit.
Securities
For the year ended December 31, 2020, the company’s securities included U.S. government and agency, and state and municipal.
Regulation
The bank, as a member of the Federal Home Loan Bank (FHLB) of Pittsburgh, is required to maintain an investment in capital stock of the FHLB.
History
Jefferson Security Bank was founded in 1869. The bank was formerly known as Jefferson Savings Bank and changed its name to Jefferson Security Bank in 1909.
