Jacksonville Bancorp Inc. shareholders approved the amendment to its articles of incorporation to declassify the board of directors, during its annual meeting of shareholders held April 23, 2013. The amendment states that directors to be elected at the 2014 annual meeting of shareholders will serve a two-year term while directors to be elected at the 2015 annual meeting of shareholders will serve a one-year term. At the 2016 annual meeting of shareholders and at each meeting of shareholders thereafter, all directors will be elected annually.

Jacksonville Bancorp Inc. reported unaudited earnings results for the first quarter ended March 31, 2013. For the period, the company reported net income of $1,012,000, or $0.54 per share of common stock, basic and diluted, compared to net income of $915,000, or $0.49 per share of common stock, basic and diluted, for the three months ended March 31, 2012. Net income increased $97,000 during the first quarter of 2013 due to an increase of $382,000 in noninterest income and a decrease of $50,000 in the provision for loan losses, partially offset by a decrease of $195,000 in net interest income and increases of $68,000 in noninterest expense and $72,000 in income taxes. The decrease in net interest income reflected a decrease of $330,000 in interest income, partially offset by a decrease of $135,000 in interest expense, as compared to the first quarter of 2012. The company reported a book value per share of $23.13 and a tangible book value per share of $21.70 at March 31, 2013. Net income increased $97,000 during the first quarter of 2013 due to an increase of $382,000 in noninterest income and a decrease of $50,000 in the provision for loan losses, partially offset by a decrease of $195,000 in net interest income and increases of $68,000 in noninterest expense and $72,000 in income taxes.

Jacksonville Bancorp Inc. has declared a cash dividend of $0.075 per share on common stock for the fiscal quarter ending March 31, 2013. The dividend will be payable to stockholders of record as of March 29, 2013, and will be paid on April 8, 2013.