Jeffersonville Bancorp Inc. announced earnings results for the second quarter and year to date ended June 30, 2018. The company announced second quarter net income of $1,743,000 or $0.41 per share compared to $1,293,000 or $0.31 per share for the same quarter in 2017. The increase in quarterly net income compared to 2017 of $450,000 was primarily attributable to an increase in interest earned on loans of $239,000 and an increase in interest on excess reserves (IOER) at the Federal Reserve Bank of $210,000. Year to date net income as of June 30, 2018 was $3,305,000 or $0.78 per share compared to $2,696,000 or $0.64 per share for the same period in 2017. The increase in year to date net income compared to 2017 was attributable to several factors. Interest income on loans increased by $214,000, IOER at the Federal Reserve Bank increased by $411,000, and non-interest income increased by $60,000. Income before taxes is up nearly $500,000 or 14% year to date.