Jefferson Security Bank
Jefferson Security Bank is a 155-year-old community bank headquartered in Shepherdstown, WV, serving individual consumers and small businesses across four counties in West Virginia, Maryland, and Virginia through six branches and a Jack Henry-powered digital banking platform.
- Company typePublic
- Founded1869
- HeadquartersShepherdstown, United States
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Jefferson Security Bank does
Jefferson Security Bank (JSB) is a West Virginia state-chartered, FDIC-insured community bank headquartered in Shepherdstown, West Virginia, operating since 1869. The bank serves individual consumers and small businesses across Jefferson and Berkeley Counties (WV), Washington County (MD), and Frederick County (VA) through six physical branches and a digital banking platform. Its product portfolio spans personal and business deposit accounts (Premier, Simple, Senior, Interest, and Youth Checking; savings, money market, CDs, and IRAs), a full lending suite (commercial, mortgage, personal, home equity, and credit cards), and digital services (online and mobile banking, mobile check deposit, online bill pay, and paperless statements) delivered through the third-party Jack Henry Banno platform.
JSB's revenue model is driven primarily by net interest income from its loan portfolio, supplemented by deposit account fees, service charges, and interchange. As of Q1 2026, total assets stood at $577.6M (up 2.7% year-over-year), with quarterly net interest income of $4.5M (+26.5% YoY) and consolidated net income of $1.1M (+56.3% YoY). Return on average equity improved to 12.47% in Q1 2026 from 9.73% a year earlier. The bank has been recognized on the American Banker Top 200 Community Banks list every year from 2020 through 2024, ranking 98th in 2023 after moving up from 155th in 2022. JSB is publicly traded on the OTC Pink market under ticker JFWV.
The bank's go-to-market emphasizes local in-house decision-making, relationship banking, and community embeddedness — differentiating through no-PMI mortgage offerings, multi-generational customer relationships, and deep partnerships with Shepherd University, the Shepherdstown Volunteer Fire Department, and regional nonprofits. Customer segments are individual consumers (across all life stages) and small businesses, supported by digital banking tools (My Money Manager, Remote Deposit Anywhere, Zogo financial literacy app) and 24-hour telephone banking.
Jefferson Security Bank firmographics
Firmographics- Name
- Jefferson Security Bank
- Legal name
- Jefferson Security Bank
- Website
- https://jsb.bank
- Company type
- Public
- Founded year
- 1869
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Jefferson Security Bank is a 155-year-old community bank headquartered in Shepherdstown, WV, serving individual consumers and small businesses across four counties in West Virginia, Maryland, and Virginia through six branches and a Jack Henry-powered digital banking platform.
- Ownership category
- akta.pro rank
Jefferson Security Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Commercial Banking (522110), Depository Credit Intermediation (5221)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)
- akta.pro secondary industries
- SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Credit Cards & Revolving Credit (FSABAAAC)
Keywords
Where Jefferson Security Bank is headquartered
LocationHeadquarters
- HQ city
- Shepherdstown
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Jefferson Security Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Net Interest Income: The primary revenue driver. Interest income generated from the loan portfolio (commercial, mortgage, personal, and credit card lending) minus interest paid on deposits. Net interest income rose 26.5% year-over-year to $4.5 million in Q1 2026.
- Deposit Account Fees and Service Charges: Monthly service charges, statement processing fees, overdraft fees, NSF fees, and item fees on checking accounts (Premier, Interest, Simple, Senior, Youth). Fee avoidance is incentivized through paperless statements and balance requirements.
- Commercial and Consumer Lending: Revenue from interest and fees on commercial real estate loans, business working capital and equipment loans, construction loans, residential mortgages, home equity loans/lines, personal loans, and credit cards.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Interest Checking: 0.05% APY for balances ≤$24,999.99; 0.10% APY for balances ≥$25,000. Minimum $50 to open. $7.50 monthly fee if balance below $1,000. |
| Subscription | Monthly | Premier Checking: Packaged account with Premier Savings, $5/month service charge, reducible to $0 through direct deposits and debit card usage. |
| Subscription | Monthly | Money Market: 0.10%–0.40% APY depending on balance tier, with rates increasing at $25,000, $50,000, $100,000, and $200,000 thresholds. |
| Subscription | Monthly | Premier Savings: 1.00% APY for balances ≤$24,999.99; 2.02% APY for balances ≥$25,000. Packaged with Premier Checking. |
| Subscription | Monthly | Business Interest Checking: 0.50% APY for balances ≥$1,000; 0.00% APY for balances ≤$999.99. $100 minimum opening deposit. |
| Subscription | Monthly | Business Money Market: 0.25%–3.00% APY across five balance tiers from $25,000 to $200,000+. |
| Subscription | Monthly | Business Premier Savings: 3.50% APY, packaged with Business Premier Checking. |
| One time/ perpetual license | Pay-as-you-go | Business CDs: 3-month 1.00% APY to 18-month 3.96% APY, with special 13-month term at 3.80% APY. |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
Jefferson Security Bank product offering
Product offeringCore offering
Jefferson Security Bank operates as a community bank providing deposit accounts (checking, savings, money market, CDs, IRAs), consumer and commercial lending (mortgage, personal, business, credit cards), and digital banking (online, mobile, bill pay, remote deposit). It serves individual consumers and small businesses across West Virginia's Eastern Panhandle and Washington County, Maryland through six branch locations supported by digital channels.
Product overview
Jefferson Security Bank operates as a community bank offering a comprehensive suite of banking products and services through a traditional branch network supplemented by digital banking channels. The product portfolio consists of core deposit products (checking, savings, money market, and CDs/IRAs) for both personal and business customers, lending services (commercial, personal, mortgage, and credit cards), and digital banking capabilities including mobile banking, online banking, remote deposit capture, bill pay, and paperless statements. The bank also offers financial wellness tools including the My Money Manager financial management tool, Zogo gamified financial literacy app, and an extensive suite of online calculators. The digital banking platform integrates with Quicken, QuickBooks, and the Zogo app, while emphasizing relationship-based community banking with local decision-making. Services are organized around personal banking, business banking, lending, and digital banking verticals, with premium bundled products (Premier Checking/Savings) designed to reward customer relationships.
Differentiator
Problem solved
Functional benefit
Products and services
- Premier Checking Packaged checking account bundled with Premier Savings, featuring no minimum balance requirement, reduced or eliminated monthly service charge based on account usage, foreign ATM fee refunds up to $10 per month, and instant issue debit cards, for personal banking customers.
- Simple Checking Basic checking account with no monthly service charge and free paperless statements to avoid statement processing fees, for personal banking customers.
- Senior Checking Checking account for customers age 62 and over, offering free box of yearly checks, paper statements at no charge, and waiver of one CD early withdrawal penalty per year upon request.
- Interest Checking Interest-bearing checking account with tiered interest rates based on balance, requiring $50 minimum deposit to open with a $7.50 monthly fee avoidable by maintaining $1,000 average balance.
- Youth Checking Checking account designed for young people ages 14-17 with a $5 minimum deposit, requiring a secondary account holder age 18 or over.
- Premier Savings Savings account packaged with Premier Checking, with tiered interest rates (2.02% APY for balances $25,000+ and 1.00% APY for lower balances) requiring both Premier Checking and Premier Savings to be maintained.
- Money Market Accounts Tiered money market savings accounts offering variable interest rates based on balance tiers, available for both personal and business customers.
- Certificates of Deposit (CDs) Term deposit accounts with terms ranging from 3 months to 60 months, featuring competitive interest rates with special promotional rates for certain terms.
- Individual Retirement Accounts (IRAs) Retirement savings accounts available as part of the CD portfolio, offering tax-advantaged savings with competitive rates.
- Business Interest Checking Interest-bearing business checking account with tiered interest rates (0.50% APY for balances $1,000+; 0.00% APY for balances ≤$999.99), $100 minimum opening deposit.
- Business Premier Checking Packaged business checking bundled with Business Premier Savings, offering competitive interest rates (3.50% APY on savings) and requiring both accounts to be maintained.
- Business Money Market Business savings account with tiered interest rates ranging from 0.25% to 3.00% APY based on balance levels.
- Business Premier Savings Premium business savings account with 3.56% APY, packaged exclusively with Business Premier Checking.
- Commercial Lending Commercial loans including working capital, equipment acquisition, real estate, and construction financing for business customers in JSB's market.
- Mortgage Lending Home mortgage products including fixed rate loans, adjustable rate loans, construction loans, and home equity loans with in-house decision-making, including a no-PMI offering.
- Personal Lending Personal loans including auto loans and other consumer credit products.
- Credit Cards Visa credit and debit cards with various features including instant issue ATM/debit cards.
- Mobile Banking App Mobile application enabling customers to make deposits, transfer funds, pay bills, manage My Money Manager, and access account information from mobile devices with digital wallet support.
- Online Banking Internet banking platform providing 24/7 access to accounts, bill payment, e-statements, and account management.
- Remote Deposit Anywhere Mobile check deposit service for individual customers, allowing deposits up to $25,000 per day and item via the JSB mobile app with same-day credit for deposits made before 3:00 PM ET.
- Remote Deposit Capture Business-focused remote deposit service allowing business owners to deposit checks anytime using desktop scanning technology.
- Online Bill Pay Electronic bill payment service allowing customers to view and pay bills, automate recurring payments, and receive email/text reminders when bills are due.
- Loan Payment Portal Online portal enabling customers to make payments on JSB loans and credit cards from external bank accounts, with one-time payments or saved user credentials for recurring payments.
- 24-Hour Telephone Banking Automated telephone banking service available around the clock for account access and basic transactions at 1-866-255-4190.
Quantifiable outcome
- Net income of $1.1 million for Q1 2026, up 56.3% year-over-year
- +4 more outcomes
Companies that use Jefferson Security Bank
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
Jefferson Security Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
Jefferson Security Bank partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- ZogocoreZogo is a gamified financial literacy app developed by Duke University students. Jefferson Security Bank partners with Zogo to provide the app to community members at no cost. Users earn 'pineapples' by completing 300+ financial educational modules (aligned with national financial literacy standards), redeemable for gift cards. The partnership addresses financial literacy gaps in the community, with JSB providing the access code 'JSB' for users to join.
- Jack Henry (Banno)coreJefferson Security Bank's digital banking platform and website are created by Jack Henry Digital using the Banno platform. This powers the bank's online banking, mobile app, and digital account management infrastructure.
- DeluxeDeluxe provides check reordering services for JSB customers through orderpoint.deluxe.com, accessible from the bank's website.
- Intuit (Quicken and QuickBooks)Jsb offers free Quicken and QuickBooks integration for customers who want to connect their JSB accounts to personal financial management software.
- Shepherd UniversitycoreShepherd University has been a pivotal piece of the Eastern Panhandle since 1871. JSB supports the university through sponsorship of activities, providing employment opportunities for students and graduates, and through co-founding The Center for Financial Education at Shepherd University (involving board member Archibald Hoxton IV).
Scale indicators12 records
Recent moves11 records
Expansion highlights5 records
Jefferson Security Bank competitors and assessment
Company assessmentDirect peers
- Summit Community Bank: West Virginia-headquartered community bank with similar product mix (deposits, commercial lending, mortgages) and overlapping footprint. A JSB retail banking leader was previously VP, Market Manager at Summit, signaling direct local competition for SMB and retail relationships.
- Clear Mountain Bank: West Virginia community bank providing deposit, lending, and treasury services to individuals and small businesses. JSB's Chief Credit Officer previously served as SVP and Chief Credit Officer at Clear Mountain, indicating comparable scale and operating model.
- MVB Bank Corp: Fairmont, WV-based publicly traded community bank holding company with comparable deposit-gathering and commercial lending franchise in the Mid-Atlantic. Roughly similar asset size and community-banking positioning make it a direct comparable for valuation purposes.
- Premier Financial Bancorp: Community bank holding company operating across West Virginia, Kentucky, and Ohio with a comparable mix of retail deposits, commercial lending, and mortgage products. Similar asset scale and geographic concentration profile to JSB.
Broad incumbents
- Wesbanco, Inc. Larger Wheeling, WV-based regional bank offering commercial, retail, and wealth services across multiple states. JSB's Chief Credit Officer previously worked at Wesbanco in senior policy development, making it an incumbent competitor in WV commercial banking.
- City Holding Company: Charleston, WV-based bank holding company operating City National Bank with a statewide branch network and a much larger deposit base than JSB. Competes with JSB for SME and mortgage customers across West Virginia.
- United Bankshares (United Bank): Large regional bank holding company headquartered in Charleston, WV with a broad Mid-Atlantic footprint including WV, VA, MD and DC. Overlaps with JSB in multiple counties and competes directly for both retail and commercial relationships.
- Truist Financial Corporation: Top-10 U.S. commercial bank with deep Mid-Atlantic branch presence including extensive WV and MD networks. Competes with JSB for retail deposits, mortgages, and small-business lending in JSB's operating counties.
Regional players
- Bank of Clarke County: Community bank headquartered in Berryville, Virginia serving Frederick County and adjacent counties. Overlaps with JSB's Frederick County, VA market but does not directly compete within JSB's core WV/MD branches.
- FreedomBank: Northern Virginia community bank serving a similar demographic of small businesses and consumers with comparable deposit and mortgage products. Geographic adjacency makes it a relevant comp for JSB's Virginia expansion plans.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Jefferson Security Bank social profiles
Digital presenceJefferson Security Bank compliance and trust
Trust signalCompliance4 records
Jefferson Security Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Jefferson Security Bank leadership team
Management profileNumber of profiles
Profiles17 records
Jefferson Security Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Jefferson Security Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Jefferson Security Bank
What does Jefferson Security Bank do?
Jefferson Security Bank operates as a community bank providing deposit accounts (checking, savings, money market, CDs, IRAs), consumer and commercial lending (mortgage, personal, business, credit cards), and digital banking (online, mobile, bill pay, remote deposit). It serves individual consumers and small businesses across West Virginia's Eastern Panhandle and Washington County, Maryland through six branch locations supported by digital channels.
Is Jefferson Security Bank a public or private company?
Jefferson Security Bank is a public company. It is classified as public and is currently operating.
When was Jefferson Security Bank founded?
Jefferson Security Bank was founded in 1869. It employs 11 to 50 people.
Where is Jefferson Security Bank based?
Jefferson Security Bank is headquartered in Shepherdstown, United States, in the North America region.
How does Jefferson Security Bank make money?
Three revenue lines are on record. Net Interest Income is the primary driver. The others are deposit Account Fees and Service Charges and commercial and Consumer Lending.
Who are Jefferson Security Bank's main competitors?
Direct peers on record are Summit Community Bank, Clear Mountain Bank, MVB Bank Corp and Premier Financial Bancorp. Broad incumbents are Wesbanco, Inc., City Holding Company, United Bankshares (United Bank) and Truist Financial Corporation. Regional players are Bank of Clarke County and FreedomBank.
Does Jefferson Security Bank have an API?
No public API is recorded for Jefferson Security Bank.
What industry is Jefferson Security Bank in?
Jefferson Security Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAE, Branch & In-Person Banking (Teller/ATM Networks), with a secondary code of FSABABAC, SME Deposits & Business Accounts (Operating, Savings, CDs). Its NAICS code is 522110 and its SIC code is 6022.