Seymour - Main Office

125 South Chestnut Street
Seymour, IN 47274
(812) 522-3607
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Bedford

2635 16th Street
Bedford, IN 47421
(812) 275-1120
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Bloomington

1280 North College Avenue,
Suite 4
Bloomington, IN 47404
(812) 339-2282
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2421 South Walnut Street
Bloomington, IN 47401
(812) 339-2282
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Brownstown

108 West Commerce Street
Brownstown, IN 47220
(812) 358-2520
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Columbus

2761 Central Avenue
Columbus, IN 47201
(812) 378-0850
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3880 West Jonathan Moore Pike
Columbus, IN 47201
(812) 342-3633
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400 Washington Street
Columbus, IN 47201
(812) 379-1991
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Greensburg

1035 North Lincoln Street
Greensburg, IN 47240
(812) 663-3836
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Greenwood

2871 South State Road 135
Greenwood, IN 46143
(317) 884-8817
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North Vernon

611-A North State Street
North Vernon, IN 47265
(812) 346-8014
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Seymour

1181 West Tipton Street
Seymour, IN 47274
(812) 522-3607
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1200 East Tipton Street
Seymour, IN 47274
(812) 522-3607
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JCB Investment Services
311 North Ewing Street
Seymour, IN 47274
(812) 519-1500
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JCB Investment Services
1010 West 2nd Street
Seymour, IN 47274
(812) 523-2323
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JCB Investment Services
125 South Chestnut Street
Seymour, IN 47274
(812) 524-7965
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JCB Investment Services
2761 Central Avenue
Columbus, IN 47201
(812) 378-0850
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JCB Investment Services
1035 North Lincoln Street
Greensburg, IN 47240
(812) 663-3836
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RETAIL ONLINE BANKING ENROLLMENT

Monitor and manage personal accounts online, including transferring funds between JCBank accounts and making JCBank loan payments. Signing up also gives you access to external Bill Pay, Mobile Banking/Deposit, Zelle, and other on-the-go features.

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BUSINESS ONLINE BANKING ENROLLMENT

Monitor and manage business accounts online, including transferring funds between JCBank accounts and making JCBank loan payments. Also unlocks access to Mobile Banking with external Bill Pay, remote deposit capture, multiple users with varied access/security levels, ACH functions, and wire transfer management.

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Bancorp. of Southern Indiana Announces 2023 Performance

Bancorp. of Southern Indiana Announces 2023 Performance

(Seymour, Indiana – March 8, 2024) Bancorp. of Southern Indiana (BSI), parent company of Jackson County Bank (JCBank), reported 2023 consolidated net income of $6,810,000, which was 6.1% lower than recorded in the prior year. Earnings per share amounted to $5.04 per share and $5.36 per share for 2023 and 2022, respectively.

BSI’s total assets grew to $953,347,000 as of December 31, 2023, an increase of $134,145,000, or 16.4%, over 2022. Total outstanding gross loan balances grew 23.4% to end 2023 at $749,143,000, while total deposits increased 7.6% to $740,345,000 over that same time period. Noninterest income was positively impacted by the increase in fiduciary (wealth management) income. However, this increase was more than offset by the increase in noninterest expense, highlighted by the 2023 investments made in opening two banking centers in Greenwood and Greensburg.

Marvin S. Veatch, President of BSI and President/CEO of JCBank commented, “Despite the higher interest rate environment that prevailed throughout the year giving rise to higher funding costs, the strong loan growth generated throughout the year led to higher amounts of interest earned on assets. This higher interest income ultimately more than offset the increase in the interest paid on those funding sources, resulting in higher overall net interest income for 2023. BSI and JCBank continue to make investments in facilities, human capital, technology, and software systems to support our ongoing growth. Although earnings were slightly lower for the year, the financial results were in line with our budget expectations.”

Return on Average Equity was 10.26%, as compared to 11.22% posted in 2022. Additionally, Return on Average Assets was 0.77% in 2023 versus 0.93% reported in the prior year.

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