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Dear Customers and
Shareholders:
BSJ Bancshares, Inc., the
parent company of Cross Keys
Bank, ended 2013 with total
assets of $304,407,165 and
earnings of $4,077,312, which
is the equivalent of $11.88 per
share. The past year was BSJ
Bancshares’ first as a Sub-chapter
S Corporation for income tax
purposes, and we continue
to believe this move will add
value to your investment in
the company. You will notice
in our Comparative Statement
of Earnings that no income tax
expense is reported in 2013, as
this conversion has removed
corporate income tax expense at
the company level. These funds,
which were once paid to the U
S Treasury, can now be passed
along to our shareholders in
the form of distributions or as
additions to our capital position.
To our stockholders, we would
like to remind you that it is in
your best interest choose
Cross
Keys Bank
for all of your banking
needs, whether as a depositor
or as a borrower, or both! This
is made possible with state of
the art technology that allows
you quick and easy access to
your accounts. We have a top-
notch lending team that actively
seeks loans to financially sound
borrowers, and we are eager
to provide agricultural and
small business financing. Our
Mortgage Department
is capable
of providing residential property
financing just about anywhere.
Also, don’t forget that we have,
for your convenience,
Cross
Keys Insurance Agency
and a
Financial Consultant at
Cross
Keys Investment Services
who
is a registered representative of
Invest Financial Corporation,
member FINRA/SIPC.
So you see, there is really no
reason why you shouldn’t
do all
of your banking with your bank!
As has always been the case, our
management team and Board of
Directors remain committed to
safeguarding your investment.
On behalf of our employees and
the Board of Directors, we wish
you, your family and friends a
healthy and prosperous 2014.
Sincerely,
BenWatson
President /CEO
BSJ Bancshares, Inc.
Michael R.Vizard
President/CEO
Cross Keys Bank
