8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):           April 8, 2013

JACKSONVILLE BANCORP, INC.

(Exact Name of Registrant as Specified in Charter)

Maryland	001-34821	36-4670835
(State or Other Jurisdiction) of Incorporation)	(Commission File No.)	(I.R.S. Employer Identification No.)

1211 West Morton Avenue, Jacksonville, Illinois	62650
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code: (217) 245-4111

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

CURRENT REPORT ON FORM 8-K

Item 2.02	Results of Operations and Financial Condition
	Jacksonville Bancorp, Inc. (the “Company”) announced its financial results at and for the three months ended March 31, 2013.  The news release is included as an exhibit.  The information included in the press release text is considered to be “furnished” under the Securities and Exchange Act of 1934.
Item 9.01	Financial Statements and Exhibits
(a)	No financial statements of businesses acquired are required.
(b)	No pro forma financial information is required.
(c)	Not applicable.
(d)	Attached as an exhibit is the Company’s news release announcing its financial results at and for the three months ended March 31, 2013.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	JACKSONVILLE BANCORP, INC.
DATE:  April 8, 2013	By:	/s/ Richard A. Foss
		Richard A. Foss
		President and Chief Executive Officer

EXHIBIT INDEX

99.1 News release dated April 8, 2013 announcing Jacksonville Bancorp, Inc.’s financial results at and for the three months ended March 31, 2013.

EX-99.1

Exhibit 99.1

For Immediate Release

April 8, 2013

Jacksonville, Illinois

Contact:	Richard A. Foss	Diana S. Tone
	President and CEO	Chief Financial Officer
	(217) 245-4111	(217) 245-4111

JACKSONVILLE BANCORP, INC. ANNOUNCES QUARTERLY EARNINGS

Jacksonville Bancorp, Inc. (NASDAQ Capital Market – JXSB) reported unaudited net income for the three months ended March 31, 2013, 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.  Basic and diluted average shares outstanding at March 31, 2013 were 1,877,873 and 1,878,145, respectively.  Basic and diluted average shares outstanding at March 31, 2012 were 1,885,066 and 1,885,239, respectively.  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 during the first quarter of 2013 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.  During the prolonged period of low interest rates, Jacksonville Savings has experienced a contraction of its net interest margin (NIM).  For the three months ended March 31, 2013 the NIM was 3.41% compared to 3.50% for the three months ended December 31, 2012 and 3.74% for the three months ended March 31, 2012.  The ratio of interest earnings assets to interest bearing liabilities at March 31, 2013 and March 31, 2012 was 1.22x and 1.19x, respectively.  The provision for loan losses decreased $50,000 during the first quarter of 2013.  Management reviews the allowance for loan losses quarterly and has determined the allowance for loan losses at March 31, 2013 to be adequate.  The lower provision reflects stability in the asset quality of our loan portfolio.  Noninterest income increased $382,000 during the first quarter of 2013 primarily due to increases of $359,000 in gains on the sales of securities and $63,000 in commission income, partially offset by a decrease of $47,000 in income from mortgage banking operations reflecting an increase in mortgage rates.  Noninterest expense increased $68,000, primarily due to increases of $34,000 in professional fees and $28,000 in compensation and benefits expense.  The $72,000 increase in income taxes reflects the higher level of taxable income during the first quarter of 2013.

Total assets at March 31, 2013 were $316.5 million compared to $321.4 million at December 31, 2012.  Total deposits at March 31, 2013 were $261.9 million, compared to $258.5 million at December 31, 2012.  Total stockholders’ equity increased slightly to $44.2 million at March 31, 2013 from $44.1 million at December 31, 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.  At March 31, 2013, Jacksonville Savings Bank exceeded its applicable regulatory capital requirements with Tier 1 leverage, Tier 1 risk-based capital, and total risk-based capital ratios of 11.3%, 17.3%, and 18.5%, respectively.

Jacksonville Bancorp, Inc. is a Maryland chartered stock holding company.  The Company is headquartered at 1211 West Morton Avenue, Jacksonville, Illinois.  The Company’s operations are limited to its ownership of Jacksonville Savings Bank, an Illinois chartered savings bank, which operates six branch offices located in Morgan, Macoupin, and Montgomery Counties in Illinois.  All information at and for the periods ended March 31, 2013, has been derived from unaudited financial information.

This news release contains certain forward-looking statements within the meaning of the federal securities laws.  The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Reform Act of 1995, and is including this statement for purposes of these safe harbor provisions.  Forward-looking statements, which are based on certain assumptions and describe future plans, strategies and experiences of the Company, are generally identified by use of the words “believe”, “expect”, “intend”, “anticipate”, “estimate”, “project”, or similar expressions.  The Company’s ability to predict results or the actual effect of future plans or strategies is inherently uncertain.  Factors which could have a material adverse effect on the operations of the Company and the subsidiaries include, but are not limited to, changes in: interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the loan or investment portfolios, demand for loan products, deposit flows, competition, demand for financial services in the Company’s market area and accounting principles and guidelines.  These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.