JD Bancshares, Inc. Reports Financial Results for Q3 2026

Wider lending margins and lower nonperforming assets accompanied a year-to-date decline in deposits and tangible book value.

Rhea-AI Summary

JD Bancshares (JDVB) reported third-quarter 2026 net income of $3,673,220, rising from the linked quarter but falling from a year earlier. Earnings per share were $1.07, versus $0.97 in Q2 2026 and $1.10 in Q3 2025. Net interest income reached $12.6 million, while net interest margin widened to 4.25% from 4.14% sequentially and 4.07% a year earlier.

Nine-month net income rose to $9,969,883 from $9,629,468. Quarterly non-interest expense increased to $11.3 million from $10.4 million a year earlier, and the credit-loss provision reached $118,000. Nonperforming assets fell to $5.1 million from $6.8 million at year-end 2025. Deposits declined $15.5 million year to date, while loans grew $7.2 million. Stockholders' equity fell to $97.4 million from $103.1 million, and tangible book value per share declined to $27.20 from $28.86. The company expects additional locations to open during 2026 and 2027.

19 points · 0 major

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0 major · 15 points

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Positive

• Moderate pointNine-month net income rose to $9,969,883, or $2.91 per share, from $9,629,468, or $2.81, a year earlier.
• Moderate pointQuarterly net interest income reached $12.6 million, versus $12.1 million sequentially and $11.7 million a year earlier.
• Moderate pointQuarterly pre-tax, pre-provision operating income rose to $4,850,443, versus $4,047,623 sequentially and $4,274,185 a year earlier.
• Moderate pointQuarterly non-interest income reached $3.2 million, versus $2.9 million both sequentially and a year earlier.
• Moderate pointLoans grew $7.2 million during the first nine months of 2026.

14 minor points

• Minor pointQuarterly net interest margin widened to 4.25%, versus 4.14% sequentially and 4.07% a year earlier.
• Minor pointNine-month net interest income increased to $36.6 million from $34.0 million a year earlier.
• Minor pointNine-month net interest margin increased 17 basis points to 4.18% from 4.01% a year earlier.
• Minor pointNine-month pre-tax, pre-provision operating income increased 12.06% to $13,143,914 from $11,729,678 a year earlier.
• Minor pointNine-month non-interest income increased to $8.9 million from $8.3 million a year earlier.
• Minor pointNonperforming assets declined to $5.1 million from $6.8 million at year-end 2025.
• Minor pointLoans past due 30–89 days fell to $1.2 million, or 0.16%, from $1.8 million, or 0.23%, at year-end 2025.
• Minor pointLoan-to-deposit ratio improved to 70.6% from 69.1% at year-end 2025.
• Minor pointQuarterly loan yield increased to 6.92%, versus 6.81% sequentially and 6.78% a year earlier.
• Minor pointQuarterly cost of funds fell to 1.29% from 1.36% a year earlier, unchanged sequentially.
• Minor pointNine-month cost of funds declined to 1.28% from 1.31% a year earlier.
• Minor point. Forward-looking: it has not happened yet and may not happen.Slidell property purchase closed in August 2026; the company expects opening in Q4 2026.
• Minor point. Forward-looking: it has not happened yet and may not happen.Mandeville renovations have begun; the company plans opening in Q1 or Q2 2027.
• Minor point. Forward-looking: it has not happened yet and may not happen.Third Lafayette location is in final planning; the company expects opening in late 2027.

Negative

• Moderate pointQuarterly earnings of $3,673,220, or $1.07 per share, exceeded Q2's $3,329,725/$0.97 but trailed Q3 2025's $3,777,235/$1.10.
• Moderate pointStockholders' equity declined $5.7 million to $97.4 million from $103.1 million at year-end 2025.
• Moderate pointAccumulated other comprehensive loss increased $12.6 million during the first nine months of 2026.
• Moderate pointDeposits decreased $15.5 million during the first nine months of 2026.
• Moderate pointQuarterly non-interest expense increased to $11.3 million, versus $11.0 million sequentially and $10.4 million a year earlier.
• Moderate pointQuarterly return on average equity was 13.67%, above 12.70% sequentially but below 16.36% a year earlier.

9 minor points

• Minor pointTangible book value per share fell to $27.20 from $28.86 at year-end 2025.
• Minor pointNine-month non-interest expense increased 7.70% to $33.1 million, compared with $30.7 million a year earlier.
• Minor pointQuarterly credit-loss provision reached $118,000, versus $17,000 sequentially and a $339,000 release a year earlier.
• Minor pointNine-month net charge-offs rose to $309,000 from $36,000; quarterly charge-offs fell to $28,000 from $276,000 sequentially and $40,000 year-over-year.
• Minor pointRepossessed assets increased to $71,000 from $39,000 at year-end 2025.
• Minor pointQuarterly return on average assets was 1.16%, above 1.06% sequentially but below 1.23% a year earlier.
• Minor pointNine-month return on average assets declined to 1.06% from 1.07% a year earlier.
• Minor pointNine-month return on average equity declined to 12.65% from 14.66% a year earlier.
• Minor pointQuarterly mortgage-sale gains declined to $115,000 from $128,000 sequentially, unchanged from a year earlier.

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JENNINGS, LA / ACCESS Newswire / October 22, 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 nine-month periods ended September 30, 2026.

Net income is $3,673,220 or $1.07 per share for the three-month period ended September 30, 2026, compared to $3,329,725 or $0.97 per share for the linked quarter ended June 30, 2026, and $3,777,235 or $1.10 per share for the three-month period ended September 30, 2025. Pre-tax, pre-provision operating income (PTPPI) for the current quarter is $4,850,443, reflecting an increase of $802,820 compared to $4,047,623 for the linked quarter and an increase of $576,258 compared to $4,274,185 in the prior year quarter. PTPPI excludes taxes, provision for loan losses, losses on the sale of other real estate owned (OREO), losses on the sale of investment securities, and other non-operating expenses. The increase in PTPPI between the current, linked and prior year quarters is primarily due to higher levels of net interest income and non-interest income and is partially offset by higher non-interest expenses.

For the nine-month period ended September 30, 2026, net income is $9,969,883 or $2.91 per share compared to $9,629,468 or $2.81 per share for the prior year comparative period. PTPPI for the current nine-month period is $13,143,914, reflecting a 12.06% increase from $11,729,678 for the prior year period. The increase is attributable to a 7.70% increase in net interest income, an 8.10% increase in non-interest income and is partially offset by a 7.70% increase in non-interest expense.

CEO Paul Brummett, II commented, "Operating performance remained solid, with ROA of 1.16% and an eleven-basis-point NIM expansion to 4.25% for the quarter. While the interest rate view remains uncertain due to geopolitical pressure and uncertainty regarding inflation and higher costs for consumers, our balance sheet is positioned well for a ‘higher for longer' interest rate environment. We continue to execute our organic expansion plans. In August 2026 we closed on the purchase of a location in Slidell that we expect to open in the fourth quarter of 2026. We have begun renovations to our Mandeville location which will open in the first or second quarter of 2027. We are in the final stages of planning for our third Lafayette location on Settlers Trace Blvd. which we expect to open in late 2027. As we enter the final quarter of 2026, we are excited with these expansion efforts that will allow us to provide banking services to our existing and prospective customers."

Asset Quality

Loans past due 30 to 89 days as of September 30, 2026, total $1.2 million or 0.16% of total gross loans 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 declined to $5.1 million at September 30, 2026, from $6.8 million at December 31, 2025. Loans currently in non-accrual status declined to $2.8 million from $3.9 million at year-end 2025 and OREO is currently $2.2 million compared to $3.0 million at year end 2025. Repossessed assets at September 30, 2026 are $71,000 compared to $39,000 at the prior year end. 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 $118,000 for the current quarter compared to $17,000 in the linked quarter and a release of $339,000 for the prior year quarter. The Allowance for Credit Losses (ACL) is $8.9 million at both September 30, 2026 and December 31, 2025, or 1.15% of total loans for both periods. We recognized net charge-offs in the current quarter of $28,000 compared to net charge-offs of $276,000 for the linked quarter and net charge-offs of $40,000 for the prior year quarter. Net charge-offs for the comparative nine-month periods ended September 30, 2026, and 2025 are $309,000 and $36,000, respectively. While we believe the current level of our ACL is adequate, there is no assurance that regulators, increased risks in the loan portfolio, or changes in economic conditions will not require additional adjustments to the ACL.

Net Interest Income

Net interest income for the current quarter is $12.6 million, reflecting an increase of $476,000 compared to $12.1 million for the linked quarter ended June 30, 2026. The current quarter results reflect an increase of $884,000 over the $11.7 million reported for the prior year quarter ended September 30, 2025. Comparing net interest income for the September and June 2026 quarters, the increase is primarily due to higher yields on earning assets and partially offset by lower volume of earning assets and higher volume and rates on interest-bearing liabilities. The increase in net interest income between the current and prior year quarter is due to higher yield on earning assets and lower rates on interest bearing liabilities, partially offset by lower volume of earning assets.

Total interest income on all earning assets for the current quarter is $16.3 million compared to $15.8 million for the linked quarter and $15.6 million for the prior year quarter. Interest income on loans is $13.6 million in the current quarter and $13.1 million in the two comparative quarters. Average loans outstanding are $781.9 million for Q3 2026, $772.6 million for Q2 2026 and $767.2 million for Q3 2025. The yield on loans increased to 6.92% in the current quarter from 6.81% in linked quarter and 6.78% for the prior year quarter. Interest income from other earning assets have experienced increases from both a quarterly and year-over-year comparison.

Total interest expense is $3.8 million, $3.7 million and $3.8 million for the three comparative quarters, respectively. Interest expense on deposits is $3.4 million in both Q3 2026 and Q2 2026 and $3.2 million in Q3 2025. The cost of interest-bearing liabilities is 1.62% for the current and linked quarters, and 1.73% for the prior year quarter. The average volume of interest-bearing deposits is $882.0 million for the current quarter, reflecting an increase of $5.3 million from the linked quarter and an increase of $63.0 million from the prior year quarter. Interest expense on subordinated debt and other borrowings is $317,000 in the current, linked, and prior year quarters. The cost of funds, which includes the impact of noninterest-bearing deposits, is 1.29% for the current and linked periods compared to 1.36% for Q3 2025.

Net interest income for the current nine-month period is $36.6 million compared to $34.0 million for the prior year period. Total interest income from earning assets is $47.5 million producing a yield of 5.40% compared to $44.8 million and a yield of 5.27% a year ago. The increase in the volume of average earning assets outstanding of $39.8 million and the 13-basis point increase in yields on those assets resulted in a $2.7 million increase in interest income from earning assets. Total interest expense is $10.9 million for both the current and prior year periods, while the cost of interest-bearing liabilities decreased from 1.66% for the prior year period to 1.61% for the current nine-month period. The cost of total funds is currently 1.28% compared to 1.31% a year ago.

The net interest margin is 4.25% for the current quarter compared to 4.14% in the linked quarter and 4.07% for the prior year quarter. For the nine-month periods ended September 30, 2026, and 2025, net interest margin increased by 17 basis points to 4.18% from 4.01%.

We continue to re-mix our balance sheet and make progress improving our loan to deposit ratio, transitioning lower earning assets into higher earning asset categories. Our loan to deposit ratio has grown from 69.1% at December 31, 2025, to 70.6% at September 30, 2026.

Non-Interest Income

Total non-interest income is $3.2 million for the current quarter and $2.9 million for the linked and prior year quarters. Service charges and fees associated with deposit accounts are $2.3 million for the current quarter, $2.2 million for the linked quarter and $2.1 million for the prior year quarter. The largest component of service charges and fees is interchange revenue on debit card transactions. Interchange revenue is $1.3 million for the current and linked quarters and $1.2 million for the prior year quarter. Revenue from non-sufficient funds (NSF) is $791,000 in the current quarter compared to $688,000 in the linked quarter and $752,000 in the prior year quarter.

Higher mortgage rates continue to hinder the gains on the sale of originated mortgage loans. Gains on the sale of originated mortgages is $115,000 for the current quarter compared to $128,000 for Q2 2026 and $115,000 for Q3 2025.

Other non-interest income is $822,000 for the current quarter compared to $592,000 for the linked quarter and $625,000 for the prior year quarter. Revenues from trust and brokerage activities comprise the largest components of other non-interest income. The sum of these two revenue streams is $443,000, $312,000 and $332,000 for the three comparative quarters, respectively. There is $28,000 of non-recurring, non-operating revenue in the current quarter with none in the linked or prior year quarter.

Non-interest income for the nine-month period ended September 30, 2026, is $8.9 million, compared to $8.3 million for the prior year period. Service charges and fees increased by $283,000 to $6.5 million from $6.2 million and were positively impacted by a $183,000 increase in interchange revenue. Gains on sale of originated mortgage loans is $381,000 compared to $288,000 in the prior year and other non-interest income is $2.1 million compared to $1.8 million in the prior year. Other non-interest income for the current nine-month period is positively impacted by a $186,000 increase in trust and brokerage revenue, and an increase in Small Business Investment Company (SBIC) income.

Non-Interest Expense

Total non-interest expense is $11.3 million for the current quarter, $11.0 million for the linked quarter, and $10.4 million for the prior year quarter. Salary and benefits expense is the largest component of non-interest expense and is $6.1 million for the current and linked quarters, and $5.9 million for the prior year quarter.

Occupancy expense is $1.6 million for both the current and linked quarters and $1.4 million for the prior year quarter.

Data processing expense is $1.2 million for the current quarter, $1.3 million for the linked quarter and $1.2 million for the prior year quarter. Advertising and public relations expense totals $347,000 for the current quarter, $414,000 for the linked quarter, and $374,000 for the September 2025 quarter. Other non-interest expense is $2.0 million for Q3 2026 and $1.6 million for Q2 2026 and Q3 2025. The largest components of other non-interest expenses are professional fees, ad valorem taxes, FDIC insurance assessments and other losses. Included in other non-interest expense are net losses on the sale of OREO of $296,000, $41,000 and $50,000 for each of the comparative quarters.

Non-interest expense for the nine-month period ended September 30, 2026, is $33.1 million compared to $30.7 million for the prior year. Increases in all categories contributed to the 7.70% overall increase. Net losses on the sale of OREO for the current and prior nine-month periods are $445,000 and $195,000, respectively.

Income tax expense is $763,000 for the current quarter compared to $660,000 for the linked quarter and $785,000 for the September 30, 2025 quarter. The effective tax rate is 17.19%, 16.55% and 17.21% for the three comparative quarters, respectively. Current year-to-date income tax expense is $2.0 million with an effective rate of 16.82% compared to $1.9 million and 16.47% for the prior year nine-month period.

Balance Sheet

Total assets at September 30, 2026 are down slightly at $1.2 billion compared to $1.3 billion at December 31, 2025. In the nine months since December 31, 2025, the Company has experienced new net loan growth of $7.2 million.

Total deposits decreased by $15.5 million through September 30, 2026. The largest decrease occurred in interest bearing demand deposits, which decreased by $44.2 million. Non-interest bearing demand deposits also declined, showing a year-to-date decrease of $2.8 million. Savings and money market accounts and time deposits experienced year-to-date increases of $14.9 million and $16.6 million, respectively.

Stockholders' equity decreased by $5.7 million to $97.4 million at September 30, 2026, from $103.1 million at December 31, 2025. The decrease is primarily comprised of an increase in the accumulated other comprehensive loss of $12.6 million, dividends paid to common shareholders of $3.2 million, partially offset by year-to-date earnings of $10.0 million.

Tangible book value per common share is $27.20 at September 30, 2026 compared to $28.86 at December 31, 2025.

Key Performance Ratios

Return on average assets (ROA) increased to 1.16% for the current quarter compared to 1.06% for the linked quarter and 1.23% for the prior year quarter. Return on average equity (ROE) is 13.67%, 12.70% and 16.36% for the three comparative quarters ended September 2026, June 2026 and September 2025, respectively. ROA and ROE for the nine-month periods ended September 30, 2026, and 2025 are 1.06% and 1.07%, and 12.65% and 14.66%, respectively.

About JD Bancshares, Inc.

JD Bancshares, Inc. is the bank holding company of JD Bank, a Louisiana 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 and 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 on the OTCQX Best Market 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.

For more information contact:

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

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

		Actual Sep 2026				Actual Dec 2025				$ Variance				% Variance
Assets
Cash and due from banks			23,143,649				24,531,382				(1,387,733	)			(5.7	)
Interest bearing deposits with banks			34,813,367				47,810,267				(12,996,900	)			(27.2	)
Investment Securities - Taxable			206,710,840				220,454,338				(13,743,498	)			(6.2	)
Investment Securities - Tax-exempt			117,724,484				122,277,394				(4,552,910	)			(3.7	)
Mortgage loans held for sale			222,767				633,782				(411,015	)			(64.9	)
Loans, net of unearned income			778,341,911				771,115,361				7,226,550				0.9
Less: Allowance for credit losses			(8,912,626	)			(8,893,255	)			(19,371	)			0.2
Premises and equipment, net			31,184,169				29,150,334				2,033,835				7.0
Accrued interest receivable			4,866,751				5,123,565				(256,814	)			(5.0	)
Other real estate			2,215,094				2,950,546				(735,452	)			(24.9	)
Other assets			47,110,738				42,989,593				4,121,145				9.6
Total Assets			1,237,421,144				1,258,143,307				(20,722,163	)			(1.6	)
Liabilities
Non-Interest Bearing Deposits			231,926,846				234,684,101				(2,757,255	)			(1.2	)
Interest bearing demand deposits			295,034,966				339,233,118				(44,198,152	)			(13.0	)
Savings and Money Market Deposits			339,047,978				324,205,335				14,842,643				4.6
Time Deposits - Retail			237,031,472				220,393,058				16,638,414				7.5
Total Deposits			1,103,041,262				1,118,515,612				(15,474,350	)			(1.4	)
Accrued expenses and other liabilities			6,978,026				6,634,247				343,779				5.2
Other Borrowings			29,979,762				29,873,430				106,332				0.4
Total Liabilities			1,139,999,050				1,155,023,289				(15,024,239	)			(1.3	)
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			103,933,305				97,093,150				6,840,155				7.0
Accumulated other comprehensive income (loss)			(37,672,510	)			(25,121,300	)			(12,551,210	)			50.0
Less: unearned stock awards			(674,327	)			(584,478	)			(89,849	)			15.4
Total Equity			97,422,094				103,120,018				(5,697,924	)			(5.5	)
Total Liabilities & Equity			1,237,421,144				1,258,143,307				(20,722,163	)			(1.6	)

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

		QTD Actual Sep 2026				QTD Actual Jun 2026				$ Variance				% Variance				QTD Actual Sep 2025				$ Variance				% Variance
Interest Income
Interest on Loans			13,631,187				13,127,292				503,895				3.8				13,117,997				513,190				3.9
Mortgage Loans Held For Sale			4,026				6,510				(2,484	)			(38.2	)			7,084				(3,058	)			(43.2	)
Interest on deposits with banks			443,514				474,256				(30,742	)			(6.5	)			181,534				261,980				144.3
Investment Securities - Taxable			1,489,593				1,403,346				86,247				6.1				1,493,302				(3,709	)			(0.2	)
Investment Securities - Tax-exempt			768,983				784,254				(15,271	)			(1.9	)			750,573				18,410				2.5
Total Interest Income			16,337,303				15,795,658				541,645				3.4				15,550,490				786,813				5.1
Interest Expense
Interest bearing demand deposits			380,777				383,494				(2,717	)			(0.7	)			364,748				16,029				4.4
Savings and Money Market Deposits			997,638				940,075				57,563				6.1				840,013				157,625				18.8
Time Deposits - Retail			2,042,756				2,031,890				10,866				0.5				1,977,244				65,512				3.3
Total Interest Expense on Deposits			3,421,171				3,355,459				65,712				2.0				3,182,005				239,166				7.5
FHLB Advances			-				-				-				-				334,286				(334,286	)			(100.0	)
Interest on other borrowings			316,694				316,694				-				-				318,507				(1,813	)			(0.6	)
Total Interest Expense			3,737,865				3,672,153				65,712				1.8				3,834,798				(96,933	)			(2.5	)
Net Interest Income			12,599,438				12,123,505				475,933				3.9				11,715,692				883,746				7.5
Provision for credit losses			118,171				16,947				101,224				597.3				(338,538	)			456,709				(134.9	)
Net In. Inc. After Prov. for Credit Losses			12,481,267				12,106,558				374,709				3.1				12,054,230				427,037				3.5
Non Interest Income
Service charges and fees			2,272,962				2,153,434				119,528				5.6				2,142,126				130,836				6.1
Mortgage loan and related fees			114,676				127,622				(12,946	)			(10.1	)			114,608				68				0.1
Other noninterest income			822,020				592,499				229,521				38.7				625,020				197,000				31.5
Total Non Interest Income			3,209,658				2,873,555				336,103				11.7				2,881,754				327,904				11.4
Non Interest Expense
Salaries and employee benefits			6,106,805				6,105,775				1,030				0.0				5,861,841				244,964				4.2
Occupancy			1,592,473				1,566,464				26,009				1.7				1,350,181				242,292				17.9
Advertising and public relations			346,879				413,742				(66,863	)			(16.2	)			374,451				(27,572	)			(7.4	)
Data Processing			1,225,100				1,266,718				(41,618	)			(3.3	)			1,218,953				6,147				0.5
Other noninterest expense			1,983,760				1,637,269				346,491				21.2				1,568,015				415,745				26.5
Total Non Interest Expense			11,255,017				10,989,968				265,049				2.4				10,373,441				881,576				8.5
Income Before Taxes			4,435,908				3,990,145				445,763				11.2				4,562,543				(126,635	)			(2.8	)
Income taxes			762,688				660,420				102,268				15.5				785,308				(22,620	)			(2.9	)
Net Income			3,673,220				3,329,725				343,495				10.3				3,777,235				(104,015	)			(2.8	)
Per common share data:
Earnings		$	1.07			$	0.97											$	1.10
Weighted average number of shares outstanding			3,427,922				3,433,831												3,433,113

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

		YTD Actual Sep 2026				YTD Actual Sep 2025				$ Variance				% Variance
Interest Income
Interest on Loans			39,635,469				37,407,104				2,228,365				6.0
Mortgage Loans Held For Sale			17,137				14,812				2,325				15.7
Interest on deposits with banks			1,230,202				571,662				658,540				115.2
Investment Securities - Taxable			4,300,249				4,570,851				(270,602	)			(5.9	)
Investment Securities - Tax-exempt			2,334,068				2,267,291				66,777				2.9
Total Interest Income			47,517,125				44,831,720				2,685,405				6.0
Interest Expense
Interest bearing demand deposits			1,137,348				1,080,266				57,082				5.3
Savings and Money Market Deposits			2,817,938				2,374,410				443,528				18.7
Time Deposits - Retail			6,006,794				5,725,254				281,540				4.9
Total Interest Expense on Deposits			9,962,080				9,179,930				782,150				8.5
FHLB Advances			-				701,935				(701,935	)			(100.0	)
Interest on other borrowings			950,504				969,610				(19,106	)			(2.0	)
Total Interest Expense			10,912,584				10,851,475				61,109				0.6
Net Interest Income			36,604,541				33,980,245				2,624,296				7.7
Provision for credit losses			461,245				6,592				454,653				6,897.0
Net In. Inc. After Prov. for Credit Losses			36,143,296				33,973,653				2,169,643				6.4
Non Interest Income
Service charges and fees			6,499,881				6,216,398				283,483				4.6
Mortgage loan and related fees			380,878				288,058				92,820				32.2
Other noninterest income			2,062,812				1,771,734				291,078				16.4
Total Non Interest Income			8,943,571				8,276,190				667,381				8.1
Non Interest Expense
Salaries and employee benefits			18,165,134				17,239,328				925,806				5.4
Occupancy			4,625,338				4,157,223				468,115				11.3
Advertising and public relations			1,156,648				1,113,399				43,249				3.9
Data Processing			3,843,445				3,480,627				362,818				10.4
Other noninterest expense			5,309,871				4,731,623				578,248				12.2
Total Non Interest Expense			33,100,436				30,722,200				2,378,236				7.7
Income Before Taxes			11,986,431				11,527,643				458,788				4.0
Income taxes			2,016,548				1,898,175				118,373				6.2
Net Income			9,969,883				9,629,468				340,415				3.5
Per common share data:
Earnings		$	2.91			$	2.81
Weighted average number of shares outstanding			3,429,456				3,429,443

JD BANCSHARES, INC. AND SUBSIDIARIES
Margin Analysis Compare

		Average Yield and Rate									Average Funds									Interest Income/Expense
		QTD Actual Sep 2026			QTD Actual Sep 2025			Change			QTD Actual Sep 2026			QTD Actual Sep 2025			Change			QTD Actual Sep 2026			QTD Actual Sep 2025			Change
Earning Assets
Loans			6.92			6.78			0.14			781,867,700			767,229,639			14,638,061			13,631,187			13,117,997			513,190
Loan fees			-			-			-			-			-			-			-			-			-
Loans with fees			6.92			6.78			0.14			781,867,700			767,229,639			14,638,061			13,631,187			13,117,997			513,190
Mortgage loans held for sale			6.62			7.25			(0.63	)		243,441			391,121			(147,680	)		4,026			7,084			(3,058	)
Deposits with banks			3.65			4.35			(0.70	)		48,184,015			16,564,658			31,619,357			443,514			181,534			261,980
Investment securities - taxable			2.39			2.29			0.10			249,701,967			260,703,266			(11,001,299	)		1,489,593			1,493,302			(3,709	)
Investment securities - tax-exempt			3.27			3.15			0.12			118,907,809			120,507,418			(1,599,609	)		768,983			750,573			18,410
Total Earning Assets			5.48			5.37			0.11			1,198,904,931			1,165,396,101			33,508,830			16,337,304			15,550,491			786,813
Interest bearing liabilities									-									-									-
Interest bearing demand			0.50			0.51			(0.01	)		304,518,729			284,872,293			19,646,436			380,777			364,748			16,029
Savings and Money Market			1.17			1.04			0.13			338,046,332			319,911,224			18,135,108			997,638			840,013			157,625
Time deposits - Retail			3.38			3.66			(0.28	)		239,466,759			214,234,198			25,232,561			2,042,756			1,977,244			65,512
Total interest bearing deposits			1.54			1.54			-			882,031,820			819,017,714			63,014,106			3,421,171			3,182,005			239,166
Federal home Loan Bank advances			-			4.35			(4.35	)		-			30,054,348			(30,054,348	)		-			334,286			(334,286	)
Other borrowings			4.14			4.16			(0.02	)		29,956,389			29,967,961			(11,572	)		316,694			318,507			(1,813	)
Total borrowed funds			4.14			4.26			(0.12	)		29,956,389			60,022,309			(30,065,920	)		316,694			336,100			(19,406	)
Total interest-bearing liabilities			1.62			1.73			(0.11	)		911,988,210			879,040,023			32,948,187			3,737,865			3,834,798			(96,933	)
Net interest rate spread			3.86			3.64			0.22									-			12,599,439			11,715,692			883,747
Effect of non-interest bearing deposits			(0.33	)		(0.37	)		0.04			234,741,066			237,190,455			(2,449,389	)
Cost of funds			1.29			1.36			(0.07	)
Net interest margin			4.25			4.07			0.18

JD BANCSHARES, INC. AND SUBSIDIARIES
Margin Analysis Compare

		Average Yield and Rate									Average Funds									Interest Income/Expense
		YTD Actual Sep 2026			YTD Actual Sep 2025			Change			YTD Actual Sep 2026			YTD Actual Sep 2025			Change			YTD Actual Sep 2026			YTD Actual Sep 2025			Change
Earning Assets
Loans			6.83			6.69			0.14			775,623,745			747,654,567			27,969,178			39,635,469			37,407,104			2,228,365
Loan fees			-			-			-			-			-			-			-			-			-
Loans with fees			6.83			6.69			0.14			775,623,745			747,654,567			27,969,178			39,635,469			37,407,104			2,228,365
Mortgage loans held for sale			6.26			6.89			(0.63	)		364,866			286,761			78,105			17,137			14,812			2,325
Deposits with banks			3.65			4.37			(0.72	)		45,061,369			17,479,962			27,581,407			1,230,202			571,662			658,540
Investment securities - taxable			2.30			2.30			-			249,543,630			264,805,242			(15,261,612	)		4,300,249			4,570,851			(270,602	)
Investment securities - tax-exempt			3.26			3.15			0.11			120,921,483			121,532,345			(610,862	)		2,334,068			2,267,291			66,777
Total Earning Assets			5.40			5.27			0.13			1,191,515,093			1,151,758,876			39,756,217			47,517,125			44,831,721			2,685,404
Interest bearing liabilities									-
Interest bearing demand			0.50			0.49			0.01			306,094,371			296,407,113			9,687,258			1,137,348			1,080,266			57,082
Savings and Money Market			1.13			1.00			0.13			332,726,817			316,028,943			16,697,874			2,817,938			2,374,410			443,528
Time deposits - Retail			3.42			3.72			(0.30	)		235,014,446			205,914,555			29,099,891			6,006,794			5,725,254			281,540
Total interest bearing deposits			1.52			1.50			0.02			873,835,634			818,350,611			55,485,023			9,962,080			9,179,929			782,151
Federal home Loan Bank advances			-			4.39			(4.39	)		-			21,095,238			(21,095,238	)		-			701,935			(701,935	)
Other borrowings			4.19			4.21			(0.02	)		29,935,034			30,373,464			(438,430	)		950,504			969,610			(19,106	)
Total borrowed funds			4.19			4.28			(0.09	)		29,935,034			51,468,702			(21,533,668	)		950,504			1,671,545			(721,041	)
Total interest-bearing liabilities			1.61			1.66			(0.05	)		903,770,669			869,819,313			33,951,356			10,912,584			10,851,474			61,110
Net interest rate spread			3.79			3.61			0.18												36,604,541			33,980,247			2,624,294
Effect of non-interest bearing deposits			(0.33	)		(0.35	)		0.02			238,105,768			234,489,955			3,615,813
Cost of funds			1.28			1.31			(0.03	)
Net interest margin			4.18			4.01			0.17

JD BANCSHARES, INC. AND SUBSIDIARIES
SUPPLEMENTAL FINANCIAL INFORMATION

Financial Ratios
														For the Nine				For the Nine
		For the Qtr				For the Qtr				For the Qtr				Months				Months
		Ended				Ended				Ended				Ended				Ended
		September 30, 2026				June 30, 2026				September 30, 2025				September 30, 2026				September 30, 2025
Performance Ratios
Return on Average Assets (ROA)			1.16	%			1.06	%			1.23	%			1.06	%			1.07	%
ROA based on Pre-tax, pre-provision operating income			1.53	%			1.29	%			1.40	%			1.40	%			1.31	%
Return on Average Equity (ROE)			13.67	%			12.70	%			16.36	%			12.65	%			14.66	%
ROE based on Pre-tax, pre-provision operating income			18.05	%			15.43	%			18.51	%			16.67	%			17.86	%
Earnings per Share		$	1.07			$	0.97			$	1.10			$	2.91			$	2.81
Net Interest Margin			4.25	%			4.14	%			4.07	%			4.18	%			4.01	%
Efficiency Ratio **			68.43	%			72.01	%			69.77	%			70.35	%			71.23	%
Non-Interest Income as a % of Avg. Assets**			1.01	%			0.92	%			0.94	%			0.98	%			0.92	%
Non-Interest Expense as a % of Avg. Assets**			3.45	%			3.50	%			3.37	%			3.48	%			3.41	%
		As of				As of
		September 30, 2026				December 31, 2025
Bank Level Capital Ratios:
Tier 1 Leverage Ratio		12.01% (Est.)					11.81	%
Common Equity Tier 1 Ratio		16.47% (Est.)					16.46	%
Tier 1 Risk-Based Capital Ratio		16.47% (Est.)					16.46	%
Total Risk-Based Capital Ratio		17.74% (Est.)					17.48	%
Company:
Tangible Equity / Total Assets			7.54	%			7.86	%
Tangible Book Value per Share		$	27.20			$	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
		September 30, 2026				June 30, 2026				September 30, 2025				September 30, 2026				September 30, 2025
Net Income (GAAP)		$	3,673,220			$	3,329,725			$	3,777,235			$	9,969,883			$	9,629,468
Provision for Loan Losses			118,171				16,947				(338,538	)			461,245				6,592
Net (Gain) Loss on OREO			296,364				40,531				50,180				445,143				195,443
Net (Gain) Loss on Securities			-				-				-				251,095				-
Non-recurring Expenses			-				-				-				-				-
Income Tax Expense			762,688				660,420				785,308				2,016,548				1,898,175
Pre-tax, Pre-Provision Operating Income		$	4,850,443			$	4,047,623			$	4,274,185			$	13,143,914			$	11,729,678

** Non-recurring items are eliminated for this ratio

SOURCE: JD Bancshares, Inc.

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were JD Bancshares' Q3 2026 earnings?

JD Bancshares earned $3,673,220, or $1.07 per share, in Q3 2026. That compares with $3,329,725, or $0.97 per share, in Q2 2026 and $3,777,235, or $1.10 per share, in Q3 2025. The results are unaudited.

How did JD Bancshares' net interest margin change in Q3 2026?

JD Bancshares' net interest margin widened to 4.25%, compared with 4.14% in Q2 2026 and 4.07% in Q3 2025. Net interest margin measures net interest income relative to average earning assets.

When does JD Bancshares expect its new banking locations to open?

The company expects its Slidell location to open in Q4 2026, Mandeville in Q1 or Q2 2027, and its third Lafayette location in late 2027. The Slidell property purchase closed in August 2026, Mandeville renovations have begun, and the Lafayette location on Settlers Trace Boulevard is in final planning.

What drove the decline in JD Bancshares' deposits through September 2026?

Interest-bearing demand deposits fell $44.2 million and non-interest-bearing demand deposits fell $2.8 million year to date. Savings and money market accounts increased $14.9 million, while time deposits increased $16.6 million, partially offsetting those declines.

How much did JD Bancshares lose on sales of other real estate in Q3 2026?

Net losses on sales of other real estate owned were $296,000 in Q3 2026, compared with $41,000 in Q2 2026 and $50,000 in Q3 2025. For the first nine months, these losses were $445,000, compared with $195,000 a year earlier.