Jeffersonville Bancorp Inc. announced earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported net income of $1,762,000 or $0.42 per share compared to $1,343,000 or $0.32 per share for the same quarter in 2017. The increase in quarterly net income compared to 2017 of $419,000 was primarily attributable to an increase in interest earned on loans of $450,000 and an increase in interest on excess reserves (IOER) at the Federal Reserve Bank of $165,000 partially offset by an increase in non-interest expense of $339,000. For the nine months, the company reported net income of $5,066,000 or $1.20 per share compared to $4,039,000 or $0.95 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 was increased by $665,000, IOER at the Federal Reserve Bank increased by $575,000, and total non-interest income increased by $119,000.