Jacksonville Bancorp Inc. (JXSB) reported first-quarter net income of $915,000, or $0.49 per share, compared to net income of $735,000, or $0.39 per share in the year ago quarter.
The increase in net interest income during the first quarter of 2012 reflected the continuing low interest rate environment which resulted in decreases of $141,000 in interest income and $197,000 in interest expense, as compared to the first quarter of 2011. The provision for loan losses decreased $95,000 during the first quarter of 2012.
Noninterest income increased $119,000 during the first quarter of 2012 primarily due to increases of $172,000 in gains on the sales of securities and $109,000 in income from mortgage banking operations, partially offset by a decrease of $166,000 in commission income.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.