Gouverneur Bancorp Inc. reported earnings results for the second quarter and six month period ended March 31, 2013. For the quarter, the company reported net income of $496,000, or $0.22 per diluted share, representing an increase of $40,000, or 8.8% over last year's net income of $456,000, or $0.20 per diluted share. The annualized return on average assets was 1.37% compared to 1.23% a year ago. The annualized return average equity 7.81% compared to 7.29% a year ago. For the six months ended March 31, 2013, the company reported net income of $996,000, or $0.45 per diluted share, representing an increase of $45,000, or 4.7% from last year's net income of $951,000, or $0.42 per diluted share. The annualized return on average assets for was 1.37% compared to 1.29% a year ago. Average equity remained constant at 7.75% for both periods.

Gouverneur Bancorp Inc. announced that the company's board of directors has declared a semi-annual dividend payment of $0.17 per share for all stockholders of record as of the close of business on March 15, 2013. This dividend will be paid on March 29, 2013.

Gouverneur Bancorp Inc. announced earnings results for the first quarter ended December 31, 2012. For the three months ended December 31, 2012 the company reported net income of $500,000, or $0.22 per diluted share, representing an increase of $5,000, or 1.01%, over last year's net income of $495,000, or $0.22 per diluted share. The annualized return on average assets increased from 1.32% to 1.36% and the return on average equity decreased from 8.02% to 7.68% for the three months ended December 31, 2012 and 2011, respectively. Net interest income decreased by $31,000, or 1.94%, from $1,599,000 for the quarter ended December 31, 2011 to $1,568,000 for the quarter ended December 31, 2012. Interest income decreased $114,000, or 5.84%, while interest expense decreased $83,000, or 23.45% over the same period.