JD Bancshares, Inc. Announces Q2 2026 Financial Results

Rhea-AI Summary

JD Bancshares (OTCQX:JDVB) reported Q2 2026 net income of $3.33 million, or $0.97 per share, up from $2.97 million ($0.87) in Q1 2026 and $2.93 million ($0.85) in Q2 2025. Pre-tax, pre-provision operating income was $4.05 million, slightly below the linked quarter but above the prior year.

For the first half of 2026, net income reached $6.30 million ($1.84 per share) versus $5.85 million ($1.71) a year earlier. Asset quality improved, with nonperforming assets falling to $5.8 million and past-due loans to 0.11% of total loans. Net interest income rose to $12.1 million in Q2 and net interest margin held at 4.14%. Loans grew to $780.7 million, deposits were stable at $1.1 billion with a small 0.3% decline, and tangible book value per share increased to $30.17. Return on average assets was 1.06% and return on average equity 12.70% for the quarter.

Positive

• Q2 2026 EPS $0.97, up from $0.87 in Q1 and $0.85 year ago
• Six‑month net income $6.30M, up from $5.85M prior‑year period
• Net interest income $12.1M in Q2 2026, $664K higher year over year
• Net interest margin 4.14% vs 4.08% in Q2 2025 and 3.99% YTD prior year
• Nonperforming assets $5.8M, down from $6.8M at December 31, 2025
• Tangible book value per share $30.17, up from $28.86 at year‑end 2025

Negative

• Total noninterest expense $11.0M in Q2 2026, up from $10.4M year ago
• Net charge‑offs $281K year‑to‑date vs net recoveries of $4K prior year
• Total deposits down $2.9M or 0.3% over six months to $1.1B
• Q2 2026 ROE 12.70%, below 13.34% in Q2 2025 despite earnings growth

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JENNINGS, LA / ACCESS Newswire / July 23, 2026 / JD Bancshares, Inc. (the "Company") (OTCQX:JDVB), the parent holding company of JD Bank (the "Bank"), reports its unaudited financial results for the three- and six- month periods ended June 30, 2026.

Net income for the three-month period ended June 30, 2026 is $3,329,725 or $0.97 per common share compared to $2,966,937 or $0.87 per common share for the linked quarter ended March 31, 2026, and $2,926,582 or $0.85 per share for the prior year quarter ended June 30, 2025. Pre-tax, pre-provision operating income (PTPPOI) for the quarter ended June 30, 2026 is $4,047,623 compared to $4,245,847 for the linked quarter and $3,843,052 for the prior year quarter. PTPPOI excludes taxes, provision for credit losses, net losses on the sale of other real estate owned (OREO), net losses on the sale of investment securities and other non-recurring expense items. The $198,000 decrease in the current quarter PTPPOI compared to the linked quarter is due to a $242,000 increase in net interest income which is offset by a $238,000 decrease in recurring non-interest income and a $202,000 increase in recurring non-interest expense. The $205,000 increase between current and prior year PTPPOI is due to a $664,000 increase in net interest income and a $111,000 increase in recurring non-interest income, partially offset by an increase in recurring non-interest expenses of $571,000.

For the six-month period ended June 30, 2026, net income is $6,296,662 or $1.84 per share compared to $5,852,233 or $1.71 per share for the prior year comparative period. PTPPOI for the current six-month period is $8,293,470 compared to $7,455,493 for the prior year period. The $838,000 increase is primarily due to a $1.7 million increase in net interest income and a $595,000 increase in recurring non-interest income, partially offset by a $1.5 million increase in recurring non-interest expenses.

Paul E. Brummett, II CEO, commented, "I am pleased to share that our quarterly financial results reflect the strength of our team, the loyalty of our customers, and the confidence of our shareholders. This quarter's performance demonstrates our disciplined approach to growth, sound risk management, and commitment to delivering long-term value. I want to thank our entire team for their hard work and focus on providing exceptional service while maintaining the highest standards of safety and soundness. Asset quality is very solid as past dues continued to decline for the current period. As we look forward, we remain optimistic about the opportunities before us. We will continue to invest in our team, technology, and the communities we serve while staying true to our vision "To Be The Best Community Bank in Louisiana"."

Asset Quality

Loans past due 30 to 89 days are $826,000 representing 0.11% of the total loan portfolio at June 30, 2026 compared to $1.8 million or 0.23% at December 31, 2025. Total nonperforming assets, including loans on non-accrual status, OREO and repossessed assets were $5.8 million at June 30, 2026, a decrease of $1.0 million from $6.8 million at December 31, 2025. Loans currently in non-accrual status decreased to $3.2 million from $3.9 million at year-end 2025 and OREO is currently $2.5 million compared to $3.0 million for the same period. Repossessed assets were $95,000 at June 30, 2026, compared to $39,000 at December 31, 2025. Management performs a quarterly evaluation of OREO properties and believes their adjusted carrying values are representative of their fair market values, although there is no assurance that the ultimate sales will be equal or greater than the carrying values.

Provision for credit losses is $17,000 for the current quarter compared to $326,000 for the linked quarter and $310,000 for the prior year quarter. The Allowance for Credit Losses (ACL) is $8.9 million at June 30, 2026, or 1.14% of total loans compared to $8.9 million at December 31, 2025, or 1.15% of total loans. The Bank recognized net charge-offs in the current quarter of $276,000 compared to net charge-offs of $5,000 for the linked quarter and net recoveries of $31,000 for the prior year quarter. There are net charge-offs of $281,000 for the six-month period ended June 30, 2026, and net recoveries of $4,000 for the prior year six-month period. Management believes the current level of ACL is adequate; however, there is no assurance that regulators, increased risks in the loan portfolio or changes in economic conditions will not require future adjustments to the ACL.

Net Interest Income

For the quarter ended June 30, 2026, net interest income is $12.1 million, reflecting a $242,000 increase over the $11.9 million for the linked quarter and a $664,000 increase compared to the $11.5 million reported for the prior year quarter. When comparing the current quarter's net interest income to the linked quarter and the prior year quarter, the favorable impact on interest income was due to higher volume and higher yields on average earning assets which outpaced the increase in volume of total interest-bearing liabilities.

Total interest income for the current quarter is $15.8 million compared to $15.4 million for the linked quarter and $15.0 million for the prior year quarter. Interest income on loans for the current quarter is $13.1 million, reflecting a $250,000 increase compared to the linked quarter and a $578,000 increase over the prior year quarter. Average loans outstanding are $772.6 million, $772.3 million and $749.9 million for the current, linked, and prior year quarters, respectively. The average yield on the loan portfolio for the three comparative quarters is 6.82%, 6.76% and 6.71%, respectively. Interest income from other earning assets is $2.7 million for Q2 2026, reflecting increases from the $2.5 million recorded in Q1 2026 and the $2.4 million in Q2 2025. The increase in interest income from other earning assets was due primarily to increases in the volume of earning assets. The overall yield on earning assets is 5.38%, 5.34% and 5.31% for the three comparative quarters, respectively.

Total interest expense is $3.7 million for the current quarter and $3.5 million for the linked and prior year quarters. The increase in interest expense between the current, linked and prior year quarter is attributed to an increase in the average interest-bearing liabilities outstanding. The cost of interest-bearing liabilities is 1.62% for the current quarter, 1.59% for the linked quarter, and 1.63% for the prior year quarter. When taking into account the effect of noninterest-bearing deposits, the cost of total funds is 1.29% for the current quarter, 1.25% for the linked quarter and 1.28% for the prior year quarter.

The net interest margin is 4.14% in the current and linked quarters compared to 4.08% for the prior year quarter. The increase in the yield on earning assets was offset by a corresponding increase in cost of funds between the first and second quarters of 2026, while the increase in the yield on earning assets outpaced the increase in cost of funds between the current and prior year quarters.

Net interest income is $24.0 million for the six-month period ended June 30, 2026, compared to $22.3 million for the prior year period ended June 30, 2025. Net interest margin for the current six-month period is 4.14% compared to 3.99% for the comparative 2025 period. The total yield on earning assets increased to 5.36% from 5.22% due to increases in both yield and volume of total earning assets. The cost of interest-bearing liabilities decreased to 1.61% from 1.63% and the overall cost of funds decreased to 1.27% from 1.29%.

Noninterest Income

Total noninterest income is $2.9 million for the current and linked quarters, up $107,000 from $2.8 million for the prior year quarter. Service charges and fees associated with deposits accounted for the largest category of noninterest income and are $2.2 million in the current quarter, $2.1 million in the linked and prior year quarters. Interchange revenue from debit card usage remains relatively stable at $1.2 million across the comparative quarters. NSF fees totaled $688,000 for the quarter ended June 30, 2026, compared to $666,000 for the linked quarter and $638,000 for the prior year quarter. Service charges on deposit accounts remain relatively constant at $186,000, $191,000 and $190,000 for the three comparative periods, respectively.

Revenue from the sale of mortgage loans is $128,000 for the current quarter compared to $139,000 for the linked quarter and $88,000 for the prior year quarter.

Other noninterest income is $592,000 for the current quarter, $648,000 for the linked quarter and $621,000 for the prior year quarter. The largest components of other noninterest income are revenues from trust services and wealth management. The total of these two revenue streams is $312,000, $423,000 and $365,000 for the three comparative periods, respectively.

Noninterest income for the six-month period ended June 30, 2026 is $5.7 million reflecting an increase of $339,000 from the $5.4 million for the prior year six-month period. Compared to the prior year, service charges and fees on deposit accounts are $4.2 million, reflecting a $153,000 increase, gains on the sale of mortgage loans are $266,000, reflecting a $93,000 increase and other non-interest income is $1.2 million, reflecting a $94,000 increase.

Noninterest Expense

Total noninterest expense is $11.0 million for the quarter ended June 30, 2026, compared to $10.9 million for the linked quarter and $10.4 million for the prior year quarter. Salary and employee benefit expenses for the current quarter are $6.1 million, $6.0 million for the linked quarter and $5.9 million for the prior year quarter. The $153,000 or 2.6% increase between the current and linked quarter is associated with annual merit increases which are effective April 1 of each year. The $240,000 or 4.1% increase between the current and prior year is attributed to annual merit increases and increases associated with grant awards.

Occupancy expenses are $1.6 million for the current quarter, $1.5 million for the linked quarter, and $1.4 million for the prior year quarter. Advertising and public relations expenses are $414,000, $396,000 and $375,000 for the three comparative quarters, respectively. Data processing expenses are $1.3 million in the current quarter, $1.4 million in the linked quarter, and $1.1 million in the prior year quarter.

Other noninterest expenses are $1.6 million for Q2 2026 and $1.7 million for Q1 2026 and Q2 2025. The largest components of noninterest expenses are comprised of professional fees, accruals for ad valorem taxes, fraud and other losses, FDIC insurance assessments and telecommunication expenses. The decrease between the current and comparative quarters is primarily due to a decrease in board related expenses and fraud and other losses. Non-recurring expenses associated with OREO losses amounted to $41,000 in the current quarter, $108,000 in the linked quarter and $52,000 in the prior year quarter.

Total noninterest expenses for the six-month period ended June 30, 2026 are $21.8 million, up $1.5 million or 7.4% from $20.3 million for the prior year period. Increases include salaries and employee benefits of $681,000, occupancy expenses of $226,000, advertising and public relations expenses of $71,000, data processing of $357,000 and other non-interest expenses of $162,000. Non-recurring expenses for the two six-month periods include losses on OREO of $149,000 and $150,000 for the current and prior year periods, respectively.

Income tax expense is $660,000 for the current quarter compared to $593,000 for the linked quarter and $559,000 for the June 2025 quarter. The effective tax rate remains relatively constant over the three comparative periods at 16.6% in the current quarter, 16.7% for the linked quarter and 16.0% in the prior year quarter. Year-to-date, income tax expense is $1.3 million with an effective tax rate of 16.6% compared to $1.1 million with an effective tax rate of 16.0% for the prior year six-month period.

Balance Sheet

Total assets at both June 30, 2026 and December 31, 2025 are $1.3 billion. Gross loans, net of unearned income, represent the largest asset category at $780.7 million which is an increase of $9.6 million or 1.2% from $771.1 million reported at the prior year-end. The six-month period increase in loans occurred from March 31, 2026 to June 30, 2026. Total cash has declined by $2.8 million from $72.3 million at December 31, 2025 to $69.5 million at June 30, 2026. Cash is used to fund loans and growth in other asset categories, as well as to satisfy deposit fluctuations. Investment securities declined by $6.2 million to $336.6 million from $342.7 million and is the result of principal paydowns of $6.6 million and an increase in fair market value of the portfolio of $374,000.

Over the six months ended June 30, 2026, total deposits decreased by $2.9 million or 0.3% and are $1.1 billion at both June 30, 2026 and December 31, 2025. Non-interest bearing demand deposits are up by $2.4 million, savings and money market deposit are up by $10.1 million, and time deposits are up by $19.8 million. More than offsetting these increases is a decline of $35.2 million in interest-bearing demand deposits. The Company has deposit relationships with several municipalities and other public unit entities whose deposit balances tend to be very large at year-end and then run-off throughout the year. Deposit balances categorized as public unit deposits have decreased by $25.6 million over the current six-month period. The overall six-month decrease in deposits is comprised of a $100,000 decrease between December 31, 2025 and March 31, 2026, and a $2.8 million decrease between March 31, 2026 and June 30, 2026.

The total of all other liabilities decreased by $665,000 to $35.8 million from $36.5 million at December 31, 2025. The decrease is attributable to a decrease in accrued liabilities partially offset by an increase in other borrowings.

Stockholders' equity increased $4.4 million to $107.5 million at June 30, 2026 from $103.1 million at December 31, 2025. The increase is attributed to $6.3 million in net income and a $300,000 decrease in the accumulated other comprehensive loss (AOCL), partially offset by $2.1 million in dividends paid to shareholders. Total shares outstanding at June 30, 2026 are 3,427,922 compared to 3,425,945 at December 31, 2025. Tangible book value per share is currently $30.17 compared to $28.86 at December 31, 2025.

Key Performance Ratios

Return on average assets (ROA) under Generally Accepted Accounting Principles (GAAP) is 1.06% for the current quarter compared to 0.97% for the linked quarter and 0.98% for the prior year quarter. GAAP ROA for the six-month period ended June 30, 2026 is 1.02% compared to 0.99% for the prior year period. On a PTPPOI basis, ROA is 1.29%, 1.38% and 1.29% for the three comparative quarters respectively, and 1.34% and 1.26% for the comparative six-month periods. GAAP return on average equity (ROE) is 12.70% for the current three-month period, 11.52% for the linked period and 13.34% for the prior year period. ROE for the six-month period ended June 30, 2026 is 12.11% compared to 13.74% for the prior year period. On a PTPPOI basis, ROE is 15.44%, 16.49% and 17.52% for the three comparative quarters and 15.96% and 17.51% for the two comparative six-month periods.

About JD Bancshares, Inc.

JD Bancshares, Inc. is the bank holding company of JD Bank, a state-chartered bank headquartered in Jennings, Louisiana. JD Bank has been serving the citizens of south Louisiana since 1947 and offers a variety of personal and commercial lending and deposit products through both physical and digital delivery channels. The Bank also offers both trust and investment services. JD Bank operates through 22 full-service branch offices and one Loan Production/Deposit Production office located along the I-10 and I-12 corridors from Lake Charles to Mandeville, Louisiana. Additional information is available on its website at jdbank.com.

JD Bancshares, Inc. (OTCQX: JDVB) trades on the OTCQX Best Market. Companies meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, and have a professional third-party sponsor introduction. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on otcmarkets.com.

Forward-Looking Statements

Statements contained in this release, which are not historical facts, are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors which include the effects of future economic conditions, governmental fiscal and monetary policies, legislative and regulatory changes, the risks of changes in interest rates, the effects of competition, and including without limitation to other factors that could cause actual results to differ materially as discussed in documents filed by the Company with the Securities and Exchange Commission from time to time.

(OTCQX:JDVB)

Paul Brummett (CEO) (337-246-5395)
Jared Doucet (CFO) (337-246-5409)
www.jdbank.com

JD BANCSHARES, INC. AND SUBSIDIARIES
JENNINGS, LOUISIANA
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)

		Actual Jun 2026				Actual Dec 2025				$ Variance				% Variance
Assets
Cash and due from banks			24,510,337				24,531,382				(21,045	)			(0.1	)
Interest bearing deposits with banks			44,981,916				47,810,267				(2,828,351	)			(5.9	)
Investment Securities - Taxable			214,834,970				220,454,338				(5,619,368	)			(2.5	)
Investment Securities - Tax-exempt			121,735,867				122,277,394				(541,527	)			(0.4	)
Mortgage loans held for sale			138,802				633,782				(494,980	)			(78.1	)
Loans, net of unearned income			780,685,071				771,115,361				9,569,710				1.2
Less: Allowance for credit losses			(8,880,334	)			(8,893,255	)			12,921				0.1
Premises and equipment, net			29,826,978				29,150,334				676,644				2.3
Accrued interest receivable			5,172,890				5,123,565				49,325				1.0
Other real estate			2,508,073				2,950,546				(442,473	)			(15.0	)
Other assets			43,475,309				42,989,593				485,716				1.1
Total Assets			1,258,989,879				1,258,143,307				846,572				0.1
Liabilities
Non-Interest Bearing Deposits			237,087,685				234,684,101				2,403,584				1.0
Interest bearing demand deposits			304,075,686				339,233,118				(35,157,432	)			(10.4	)
Savings and Money Market Deposits			334,262,042				324,205,335				10,056,707				3.1
Time Deposits - Retail			240,184,696				220,393,058				19,791,638				9.0
Total Deposits			1,115,610,109				1,118,515,612				(2,905,503	)			(0.3	)
Accrued expenses and other liabilities			5,898,326				6,634,247				(735,921	)			(11.1	)
Other Borrowings			29,944,318				29,873,430				70,888				0.2
Total Liabilities			1,151,452,753				1,155,023,289				(3,570,536	)			(0.3	)
Equity
Common stock			21,424,512				21,412,156				12,356				0.1
Capital surplus			10,411,114				10,320,490				90,624				0.9
Retained earnings			101,296,886				97,093,150				4,203,736				4.3
Accumulated other comprehensive (loss)			(24,826,081	)			(25,121,300	)			295,219				1.2
Less: unearned stock awards			(769,305	)			(584,478	)			(184,827	)			(31.6	)
Total Equity			107,537,126				103,120,018				4,417,108				4.3
Total Liabilities & Equity			1,258,989,879				1,258,143,307				846,572				0.1

JD BANCSHARES, INC. AND SUBSIDIARIES
JENNINGS, LOUISIANA
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

		QTD Actual Jun 2026				QTD Actual Mar 2026				$ Variance				% Variance				QTD Actual Jun 2025				$ Variance				% Variance
Interest Income
Interest on Loans			13,127,292				12,876,989				250,303				1.9				12,549,314				577,978				4.6
Mortgage Loans Held For Sale			6,510				6,601				(91	)			(1.4	)			4,783				1,727				36.1
Interest on deposits with banks			474,256				312,432				161,824				51.8				102,679				371,577				361.9
Investment Securities - Taxable			1,403,346				1,407,309				(3,963	)			(0.3	)			1,556,410				(153,064	)			(9.8	)
Investment Securities - Tax-exempt			784,254				780,831				3,423				0.4				755,405				28,849				3.8
Total Interest Income			15,795,658				15,384,162				411,496				2.7				14,968,591				827,067				5.5
Interest Expense
Interest bearing demand deposits			383,494				373,077				10,417				2.8				361,809				21,685				6.0
Savings and Money Market Deposits			940,075				880,224				59,851				6.8				777,549				162,526				20.9
Time Deposits - Retail			2,031,890				1,932,149				99,741				5.2				1,900,547				131,343				6.9
Total Interest Expense on Deposits			3,355,459				3,185,450				170,009				5.3				3,039,905				315,554				10.4
FHLB Advances			-				-				-				-				142,091				(142,091	)			(100.0	)
Interest on other borrowings			316,694				317,116				(422	)			(0.1	)			327,175				(10,481	)			(3.2	)
Total Interest Expense			3,672,153				3,502,566				169,587				4.8				3,509,171				162,982				4.6
Net Interest Income			12,123,505				11,881,596				241,909				2.0				11,459,420				664,085				5.8
Provision for credit losses			16,947				326,127				(309,180	)			(94.8	)			309,953				(293,006	)			(94.5	)
Net In. Inc. After Prov. for Credit Losses			12,106,558				11,555,469				551,089				4.8				11,149,467				957,091				8.6
Non Interest Income
Service charges and fees			2,153,434				2,073,484				79,950				3.9				2,057,981				95,453				4.6
Mortgage loan and related fees			127,622				138,580				(10,958	)			(7.9	)			87,755				39,867				45.4
Other noninterest income			592,499				648,294				(55,795	)			(8.6	)			620,993				(28,494	)			(4.6	)
Total Non Interest Income			2,873,555				2,860,358				13,197				0.5				2,766,729				106,826				3.9
Non Interest Expense
Salaries and employee benefits			6,105,775				5,952,555				153,220				2.6				5,865,545				240,230				4.1
Occupancy			1,566,464				1,466,477				99,987				6.8				1,351,946				214,518				15.9
Advertising and public relations			413,742				396,026				17,716				4.5				374,763				38,979				10.4
Data Processing			1,266,718				1,351,626				(84,908	)			(6.3	)			1,139,931				126,787				11.1
Other noninterest expense			1,637,269				1,688,766				(51,497	)			(3.0	)			1,698,819				(61,550	)			(3.6	)
Total Non Interest Expense			10,989,968				10,855,450				134,518				1.2				10,431,004				558,964				5.4
Income Before Taxes			3,990,145				3,560,377				429,768				12.1				3,485,192				504,953				14.5
Income taxes			660,420				593,440				66,980				11.3				558,610				101,810				18.2
Net Income			3,329,725				2,966,937				362,788				12.2				2,926,582				403,143				13.8
Earnings		$	0.97			$	0.87											$	0.85
Weighted average number of shares outstanding			3,433,831				3,426,601												3,432,629

JD BANCSHARES, INC. AND SUBSIDIARIES
JENNINGS, LOUISIANA
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

		YTD Actual Jun 2026				YTD Actual Jun 2025				$ Variance				% Variance
Interest Income
Interest on Loans			26,004,282				24,289,107				1,715,175				7.1
Mortgage Loans Held For Sale			13,111				7,728				5,383				69.7
Interest on deposits with banks			786,688				390,127				396,561				101.6
Investment Securities - Taxable			2,810,655				3,077,550				(266,895	)			(8.7	)
Investment Securities - Tax-exempt			1,565,085				1,516,718				48,367				3.2
Total Interest Income			31,179,821				29,281,230				1,898,591				6.5
Interest Expense
Interest bearing demand deposits			756,572				715,518				41,054				5.7
Savings and Money Market Deposits			1,820,299				1,534,397				285,902				18.6
Time Deposits - Retail			3,964,038				3,748,009				216,029				5.8
Total Interest Expense on Deposits			6,540,909				5,997,924				542,985				9.1
FHLB Advances			-				367,650				(367,650	)			(100.0	)
Interest on other borrowings			633,810				651,102				(17,292	)			(2.7	)
Total Interest Expense			7,174,719				7,016,676				158,043				2.3
Net Interest Income			24,005,102				22,264,554				1,740,548				7.8
Provision for credit losses			343,073				345,130				(2,057	)			(0.6	)
Net In. Inc. After Prov. for Credit Losses			23,662,029				21,919,424				1,742,605				8.0
Non Interest Income
Service charges and fees			4,226,919				4,074,272				152,647				3.7
Mortgage loan and related fees			266,202				173,450				92,752				53.5
Other noninterest income			1,240,793				1,146,714				94,079				8.2
Total Non Interest Income			5,733,914				5,394,436				339,478				6.3
Non Interest Expense
Salaries and employee benefits			12,058,329				11,377,486				680,843				6.0
Occupancy			3,032,941				2,807,042				225,899				8.0
Advertising and public relations			809,768				738,948				70,820				9.6
Data Processing			2,618,345				2,261,675				356,670				15.8
Other noninterest expense			3,326,038				3,163,609				162,429				5.1
Total Non Interest Expense			21,845,421				20,348,760				1,496,661				7.4
Income Before Taxes			7,550,522				6,965,100				585,422				8.4
Income taxes			1,253,860				1,112,867				140,993				12.7
Net Income			6,296,662				5,852,233				444,429				7.6
Earnings		$	1.84			$	1.71
Weighted average number of shares outstanding			3,430,236				3,427,596

JD BANCSHARES, INC. AND SUBSIDIARIES
Margin Analysis Compare

		Average Yield and Rate									Average Funds									Interest Income/Expense
		QTD Actual Jun 2026			QTD Actual Jun 2025			Change			QTD Actual Jun 2026			QTD Actual Jun 2025			Change			QTD Actual Jun 2026			QTD Actual Jun 2025			Change
Earning Assets
Loans			6.82			6.71			0.11			772,596,735			749,870,799			22,725,937			13,127,292			12,549,314			577,979
Loan fees			-			-			-			-			-			-			-			-			-
Loans with fees			6.82			6.71			0.11			772,596,735			749,870,799			22,725,937			13,127,292			12,549,314			577,979
Mortgage loans held for sale			6.47			6.41			0.06			402,525			298,627			103,897			6,510			4,783			1,727
Deposits with banks			3.75			4.59			(0.84	)		50,735,265			8,969,656			41,765,609			474,256			102,679			371,577
Investment securities - taxable			2.26			2.35			(0.09	)		247,950,715			265,039,655			(17,088,940	)		1,403,346			1,556,410			(153,064	)
Investment securities - tax-exempt			3.26			3.15			0.11			121,874,631			121,577,056			297,574			784,254			755,405			28,849
Total Earning Assets			5.38			5.31			0.07			1,193,559,871			1,145,755,793			47,804,078			15,795,659			14,968,592			827,067
Interest bearing liabilities
Interest bearing demand			0.50			0.50			-			304,750,825			293,168,951			11,581,874			383,494			361,809			21,685
Savings and Money Market			1.13			0.98			0.15			333,981,880			317,144,579			16,837,301			940,075			777,549			162,526
Time deposits - Retail			3.42			3.69			(0.27	)		237,973,804			206,675,268			31,298,535			2,031,890			1,900,547			131,342
Total interest bearing deposits			1.54			1.49			0.05			876,706,508			816,988,798			59,717,710			3,355,459			3,039,906			315,553
Federal home Loan Bank advances			-			4.43			(4.43	)		-			12,681,319			(12,681,319	)		-			142,091			(142,091	)
Other borrowings			4.19			4.22			(0.03	)		29,908,874			30,713,413			(804,538	)		316,694			327,175			(10,481	)
Total borrowed funds			4.19			4.28			(0.09	)		29,908,874			43,394,731			(13,485,857	)		316,694			469,266			(152,572	)
Total interest-bearing liabilities			1.62			1.63			(0.01	)		906,615,383			860,383,530			46,231,853			3,672,153			3,509,172			162,981
Net interest rate spread			3.75			3.67			0.08												12,123,506			11,459,420			664,086
Effect of non-interest bearing deposits			(0.33	)		(0.35	)		0.02			237,065,081			238,174,542			(1,109,460	)
Cost of funds			1.29			1.28			0.01
Net interest margin			4.14			4.08			0.06

JD BANCSHARES, INC. AND SUBSIDIARIES
Margin Analysis Compare

		Average Yield and Rate									Average Funds									Interest Income/Expense
		YTD Actual Jun 2026			YTD Actual Jun 2025			Change			YTD Actual Jun 2026			YTD Actual Jun 2025			Change			YTD Actual Jun 2026			YTD Actual Jun 2025			Change
Earning Assets
Loans			6.79			6.64			0.15			772,436,606			737,704,807			34,731,800			26,004,282			24,289,107			1,715,175
Loan fees			-			-			-			-			-			-			-			-			-
Loans with fees			6.79			6.64			0.15			772,436,606			737,704,807			34,731,800			26,004,282			24,289,107			1,715,175
Mortgage loans held for sale			6.15			6.61			(0.46	)		426,585			233,717			192,868			13,111			7,728			5,383
Deposits with banks			3.65			4.38			(0.73	)		43,474,147			17,945,199			25,528,948			786,688			390,127			396,561
Investment securities - taxable			2.25			2.31			(0.06	)		249,463,150			266,890,224			(17,427,074	)		2,810,655			3,077,550			(266,894	)
Investment securities - tax-exempt			3.25			3.15			0.10			121,945,008			122,053,302			(108,294	)		1,565,085			1,516,718			48,367
Total Earning Assets			5.36			5.22			0.14			1,187,745,496			1,144,827,248			42,918,248			31,179,821			29,281,230			1,898,591
Interest bearing liabilities
Interest bearing demand			0.50			0.48			0.02			306,895,250			302,270,116			4,625,133			756,572			715,518			41,054
Savings and Money Market			1.11			0.99			0.12			330,022,975			314,055,629			15,967,346			1,820,299			1,534,397			285,902
Time deposits - Retail			3.43			3.75			(0.32	)		232,748,796			201,685,786			31,063,010			3,964,038			3,748,009			216,029
Total interest bearing deposits			1.52			1.48			0.04			869,667,021			818,011,531			51,655,490			6,540,909			5,997,924			542,985
Federal home Loan Bank advances			-			4.42			(4.42	)		-			16,541,436			(16,541,436	)		-			367,650			(367,650	)
Other borrowings			4.21			4.24			(0.03	)		29,920,786			30,579,576			(658,791	)		633,810			651,102			(17,292	)
Total borrowed funds			4.21			4.30			(0.09	)		29,920,786			47,121,013			(17,200,227	)		633,810			1,018,752			(384,942	)
Total interest-bearing liabilities			1.61			1.63			(0.03	)		899,587,806			865,132,544			34,455,262			7,174,719			7,016,676			158,043
Net interest rate spread			3.75			3.59			0.16												24,005,102			22,264,555			1,740,547
Effect of non-interest bearing deposits			(0.34	)		(0.34	)		0.01			239,872,489			233,117,326			6,755,163
Cost of funds			1.27			1.29			(0.02	)
Net interest margin			4.14			3.99			0.15

JD BANCSHARES, INC. AND SUBSIDIARIES
SUPPLEMENTAL FINANCIAL INFORMATION

Financial Ratios
														For the Six				For the Six
		For the Qtr				For the Qtr				For the Qtr				Months				Months
		Ended				Ended				Ended				Ended				Ended
		June 30, 2026				March 31, 2026				June 30, 2025				June 30, 2026				June 30, 2025
Performance Ratios
Return on Average Assets (ROA)			1.06	%			0.97	%			0.98	%			1.02	%			0.99	%
ROA based on Pre-tax, pre-provision operating income			1.29	%			1.38	%			1.29	%			1.34	%			1.26	%
Return on Average Equity (ROE)			12.70	%			11.52	%			13.34	%			12.11	%			13.74	%
ROE based on Pre-tax, pre-provision operating income			15.44	%			16.49	%			17.52	%			15.96	%			17.51	%
Earnings per Share		$	0.97			$	0.87			$	0.85			$	1.84			$	1.71
Net Interest Margin			4.14	%			4.14	%			4.08	%			4.14	%			3.99	%
Efficiency Ratio **			72.01	%			70.70	%			71.97	%			71.36	%			72.00	%
Non-Interest Income as a % of Avg. Assets**			0.92	%			1.01	%			0.93	%			0.97	%			0.91	%
Non-Interest Expense as a % of Avg. Assets**			3.50	%			3.50	%			3.49	%			3.50	%			3.42	%
		As of				As of
		June 30, 2026				December 31, 2025
Bank Level Capital Ratios:
Tier 1 Leverage Ratio		11.86% (Est.)					11.81	%
Common Equity Tier 1 Ratio		17.00% (Est.)					16.46	%
Tier 1 Risk-Based Capital Ratio		17.00% (Est.)					16.46	%
Total Risk-Based Capital Ratio		18.03% (Est.)					17.48	%
Company:
Tangible Equity / Total Assets			8.21	%			7.86	%
Tangible Book Value per Share		$	30.17			$	28.86
Reconcilement of GAAP to Pre-tax, Pre-Provision Operating Income:
														For the Six				For the Six
		For the Qtr				For the Qtr				For the Qtr				Months				Months
		Ended				Ended				Ended				Ended				Ended
		June 30, 2026				March 31, 2026				June 30, 2025				June 30, 2026				June 30, 2025
Net Income (GAAP)		$	3,329,725			$	2,966,937			$	2,926,582			$	6,296,662			$	5,852,233
Provision for Loan Losses			16,947				326,127				309,953				343,073				345,130
Net (Gain) Loss on OREO			40,531				108,248				47,907				148,780				145,263
Net (Gain) Loss on Securities			-				251,095				-				251,095				-
Non-recurring Expenses			-				-				-				-				-
Income Tax Expense			660,420				593,440				558,610				1,253,860				1,112,867
Pre-tax, Pre-Provision Operating Income		$	4,047,623			$	4,245,847			$	3,843,052			$	8,293,470			$	7,455,493

** Non-recurring items are eliminated for this ratio

SOURCE: JD Bancshares, Inc.

View the original press release on ACCESS Newswire

FAQ

How did JD Bancshares (JDVB) perform financially in Q2 2026?

JD Bancshares reported Q2 2026 net income of $3.33 million, or $0.97 per share. According to JD Bancshares, this compares with $2.97 million ($0.87) in Q1 2026 and $2.93 million ($0.85) in Q2 2025, reflecting higher net interest income.

What were JDVB’s earnings for the first half of 2026?

For the six months ended June 30, 2026, JD Bancshares earned $6.30 million, or $1.84 per share. According to JD Bancshares, this is up from $5.85 million, or $1.71 per share, in the prior‑year period, driven mainly by higher net interest and noninterest income.

How did JD Bancshares’ asset quality and credit metrics look in Q2 2026?

Asset quality improved, with total nonperforming assets at $5.8 million and past‑due loans at 0.11% of total loans. According to JD Bancshares, the allowance for credit losses was $8.9 million, or 1.14% of loans, and year‑to‑date net charge‑offs totaled $281,000.

What was JDVB’s net interest margin and net interest income in Q2 2026?

JD Bancshares posted Q2 2026 net interest income of $12.1 million and a net interest margin of 4.14%. According to JD Bancshares, net interest income rose $242,000 sequentially and $664,000 year over year as higher asset yields outpaced funding cost increases.

How did JD Bancshares’ loans, deposits, and balance sheet change by June 30, 2026?

At June 30, 2026, total assets were $1.3 billion, loans were $780.7 million, and deposits were $1.1 billion. According to JD Bancshares, loans grew 1.2% year‑to‑date, while deposits decreased $2.9 million, mainly from public unit deposit runoff.

What were JDVB’s key profitability ratios in Q2 2026?

JD Bancshares reported Q2 2026 return on average assets of 1.06% and return on average equity of 12.70%. According to JD Bancshares, GAAP ROA improved from 0.97% in Q1 2026, while ROE declined from 13.34% in the prior‑year quarter.

How did JD Bancshares’ book value and capital position trend in early 2026?

Stockholders’ equity reached $107.5 million and tangible book value per share rose to $30.17 at June 30, 2026. According to JD Bancshares, equity increased $4.4 million year‑to‑date, reflecting $6.3 million of net income and lower accumulated other comprehensive loss, partly offset by dividends.