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Jefferson Security Bank Announces Earnings for the Second Quarter and First Half of 2010 and Announces Dividend

July 8, 2010 - Jefferson Security Bank Post Office Box 35, 105 East Washington Street, Shepherdstown, West Virginia 25443 (304) 876-9000

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

Jefferson Security Bank (OTCBB: JFWV) reported net income of $224,528 or $0.78 per share, for the second quarter ended June 30, 2010. Net income for the six months ended June 30, 2010 was $449,553, or $1.56 per share.

Based on these results, the Board of Directors declared a semiannual dividend in the amount of $0.50 per share, payable July 15, 2010 to shareholders of record on June 30, 2010. This dividend represents an increase of $0.20 from the $0.30 per share dividend paid in January 2010. Total dividends declared for 2009 were $1.30 per share.

Commenting on the results, K. Stephen Morris, President and CEO, said: “Our results for both the quarter and six months ended June 30, 2010 reflect the continuing sluggish economy in our markets. We have not seen any substantive signs of an improving economy. Accordingly, we continue to focus on and implement changes to reduce noninterest expense. The dividend of $0.50 per share reflects the continued caution and conservatism of the Board of Directors who understand the importance of maintaining a strong liquidity position and remaining well capitalized.”

As of June 30, 2010, total assets of the Bank were $255.5 million, loans, net of reserve, were $143.6 million and deposits were $233.4 million. The annualized return on average assets was 0.35%, and the annualized return on average equity was 4.65% for the six months ended June 30, 2010. At June 30, 2010, net loans to deposits was 61.5% and book value per share was $68.07.

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. The Bank has six offices. 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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