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Jefferson Security Bank Announces Earnings for 2010

January 21, 2011 -

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 $865,296 for the year ended December 31, 2010, an increase of 3.7% or $31,250 when compared to net income of $834,046 for the year ended December 31, 2009. As a result basic and diluted earnings per common share were $3.00 and $2.87 for the years ended December 31, 2010 and 2009, respectively. The return on average assets was 0.33% and the return on average equity was 4.41% for the year ended December 31, 2010. For the year ended December 31, 2009, the return on average assets was 0.35% and the return on average equity was 4.44%.

The Bank’s total assets were $265.3 million as of December 31, 2010, an increase of $17.6 million or 7.1% from total assets of $247.7 million as of December 31, 2009. Loans, net of reserve, were $141.3 million as of December 31, 2010, down slightly from $144.2 million as of December 31, 2009. Deposits increased to $243.2 million as of December 31, 2010 from $226.1 million as of December 31, 2009. Consequently, net loans to deposits was 58.1% as of December 31, 2010 compared to 63.8% as of December 31, 2009. Book value was $68.06 per share as of December 31, 2010, an increase $2.34 or 3.6% when compared to $65.72 per share as of December 31, 2009.

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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