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Jefferson Security Bank Announces Earnings for the Third Quarter and First Nine Months of 2011

October 12, 2011 -

FOR IMMEDIATE RELEASE

Contact: K. Stephen Morris, President and CEO 304-876-9025

President and CEO of Jefferson Security Bank (OTCBB: JFWV), K. Stephen Morris, announced the results of operations for the third quarter ended September 30, 2011. Third quarter 2011 net income was $155,301, or $0.54 per share. Net income for the nine months ended September 30, 2011 was $559,977, or $1.94 per share.

As of September 30, 2011, total assets of the Bank were $278.2 million, loans, net of reserve, were $137.0 million and deposits were $254.6 million. The annualized return on average assets was 0.27%, and the annualized return on average equity was 3.70% for the nine months ended September 30, 2011. At September 30, 2011, net loans to deposits was 53.81% and book value per share was $72.67.

Jefferson Security Bank, founded in 1869, is a community bank engaged in the general banking business in Berkeley County and Jefferson County, West Virginia, and Washington County, Maryland. This press release may contain forward-looking statements, as defined by federal securities laws, which may involve significant risks and uncertainties. The statements are based on estimates and assumptions made by management in conjunction with other factors deemed appropriate under the circumstances. Actual results could differ materially from current projections. Readers are encouraged to read filings the Bank has made with the Federal Deposit Insurance Corporation for additional information. Offices: 105 East Washington Street, Shepherdstown, WV (304-876-9000) 7994 Martinsburg Pike, Shepherdstown, WV (304-876-2800) 873 East Washington Street, Charles Town, WV (304-725-9752) 277 Mineral Drive, Suite 1, Inwood, WV (304-229-6000) 1861 Edwin Miller Boulevard, Martinsburg, WV (304-264-0900) 103 West Main Street, Sharpsburg, MD (301-432-3900)

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