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.
Columbus to celebrate Juneteenth holiday with weekend events starting June 19
ISP issues tickets for driving too slow in left lane, unrestrained child
CRH announces new Police Captain
Bargersville Fire Department helps extinguish apartment fire near Mooresville
'Jackpots for Generations' raises $30,000 for community impact