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Jefferson Security Bank Announces First Quarter 2005 Earnings

April 12, 2005 - Shepherdstown, West Virginia – Jefferson Security Bank (OTCBB: JFWV) President and Chief Executive Officer, K. Stephen Morris, announces the results for the quarter ended March 31, 2005.

Net income for the three months ended March 31, 2005 was $537,712 ($1.79 per share), an increase of 20.3% over the $447,115 ($1.49 per share)earned during the three months ended March 31, 2004. During the same periods, loans outstanding (net of reserves) increased 9.2% to $128,162,027 from $117,340,717, and book value per share increased 9.0% to $50.84 from $46.63.

Commenting on the first quarter’s results, Mr. Morris stated, “We are pleased with the results. We continue to focus on making high quality loans. With a loan-to-deposit ratio of 63.7% at March 31, 2005, we are well funded and in a good position to meet customer needs.”

Jefferson Security Bank is a community bank, headquartered in Shepherdstown, West Virginia, that engages in general banking business through four offices in Jefferson County and Berkeley County, West Virginia.

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