2025 Bancorp/JCBank performance is reviewed at annual meeting

SEYMOUR, Ind. - The annual meeting for Bancorp. of Southern Indiana (BSI) was held recently at The Copper Top in Seymour.

Marvin S. Veatch, President of BSI and President/CEO of Jackson County Bank (JCBank), announced 2025 consolidated net earnings of $8,275,000, which resulted in Return on Average Equity and Return on Average Assets measures of 10.57% and 0.80%, respectively.   

The current year’s activities resulted in earnings of $6.13 per share. Veatch reported that total assets for the year increased $84.9 million to $1,067.2 million as of December 31, 2025, an increase of 8.6% over 2024.   

Total deposits grew $55.6 million year-over-year, or 7.1%. Total outstanding loan balances grew $70.3 million or 8.7%, ending the year with approximately $878.1 million in outstanding loan balances.  

Shareholders re-elected directors Billy L. Bemis, Ann C. Coriden, and Dr. Eric D. Fish for additional three-year terms.   

Warren L. Forgey, Chairman of the Board, announced transitions within the Board of Directors. Susan “Suzi” G. Judd retired from the Board in June 2025, concluding a thirty-one year tenure that began in 1994. David M. Geis also transitioned into retirement, effective April 2026, after dedicating 45 years to the Board.