JD Bancshares, Inc. Reports Financial Results for Q3 2025

Rhea-AI Summary

JD Bancshares (OTCQX: JDVB) reported Q3 2025 results on October 23, 2025: net income $3.78M ($1.10/share), up from $2.93M ($0.85) in Q2 2025 and roughly flat year-over-year. Pre-tax, pre-provision operating income was $4.27M. Net interest income was $11.7M with a net interest margin of 4.07% for the quarter. Asset quality improved: total nonperforming assets declined to $6.8M and nonaccrual loans fell to $3.6M. Year-to-date, tangible book value per share rose to $27.26 and stockholders' equity increased to $97.8M. Allowance for credit losses is $9.2M (1.19% of loans). Total assets remained about $1.2B and loans grew year-to-date.

Positive

• Q3 net income +29% QoQ to $3.78M
• Stockholders' equity +18.5% YTD to $97.8M
• Tangible book value per share +19% YTD to $27.26
• Total nonperforming assets -10.5% to $6.8M

Negative

• Other real estate owned (OREO) +43.7% to $3.17M
• Interest expense on subordinated debt and borrowings +39% QoQ to $653,000

News Market Reaction – JDVB

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JENNINGS, LA / ACCESS Newswire / October 23, 2025 / 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, 2025.

Net income is $3,777,235 or $1.10 per share for the three-month period ended September 30, 2025, compared to $2,926,852 or $0.85 per share for the linked quarter ended June 30, 2025, and $3,706,103 or $1.08 per share for the three-month period ended September 30, 2024. Pre-tax, pre-provision operating income (PTPPI) for the current quarter is $4,274,184, reflecting an increase of $431,132 compared to $3,843,052 for the linked quarter and a slight decrease of $11,338 compared to $4,285,522 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 and linked quarter is primarily due to higher levels of net interest income, higher non-interest income and lower non-interest expenses, and the decrease between the current and prior year quarter is attributable to higher net interest income, offset by higher non-interest expense.

For the nine-month period ended September 30, 2025, net income is $9,629,468 or $2.81 per share compared to $10,387,333 or $3.03 per share for the prior year comparative period. PTPPI for the current nine-month period is $11,729,678 reflecting a 1.85% decrease from $11,946,182 for the prior year period. The decrease is attributable to a 2.90% increase in net interest income which is more than offset by a 1.00% decrease in non-interest income and a 3.40% increase in non-interest expense.

Paul Brummett, II, CEO commented, "We are pleased with our third quarter results which reflected strong net loan growth and positive balance sheet growth. Our loan pipeline remains healthy and our focus on profitability, balance sheet mix and asset quality remain top priorities."

Asset Quality

Loans past due 30 to 89 days as of September 30, 2025, total $1.2 million or 0.15% of total gross loans compared to $3.1 million or 0.42% at December 31, 2024. Total nonperforming assets, including loans on non-accrual status, OREO and repossessed assets declined to $6.8 million at September 30, 2025, from $7.6 million at December 31, 2024. Loans currently in non-accrual status declined to $3.6 million from $5.4 million at year-end 2024 and OREO is currently $3,170,000 compared to $2,205,000. There are no repossessed assets at September 30, 2025 or 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.

The Bank released $339,000 of its Allowance for Credit Losses (ACL) in the current quarter compared to recording a provision of $310,000 in the linked quarter and a release of $293,000 for the prior year quarter. The ACL is $9.2 million at September 30, 2025, or 1.19% of total loans compared to $9.1 million at December 31, 2024, or 1.26%. We recognized net charge-offs in the current quarter of $40,000 compared to net recoveries of $31,000 for the linked quarter and net charge-offs of $92,000 for the prior year quarter. Net charge-offs for the comparative nine-month periods ended September 30, 2025, and 2024 are $36,000 and $173,000, 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 $11.7 million, reflecting an increase of $256,000 compared to $11.5 million for the linked quarter ended June 30, 2025. The current quarter results reflect an increase of $356,000 over the $11.4 million reported for the prior year quarter ended September 30, 2024. Comparing net interest income for the September and June 2025 quarters, the increase is primarily due to higher volume and yields on earning assets and partially offset by a 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 volume and yield on earning assets and partially offset by increased funding costs and volume of interest-bearing liabilities.

Total interest income on all earning assets for the current quarter is $15.6 million compared to $15.0 million for the linked and prior year quarters. Interest income on loans is $13.1 million, $12.5 million and $12.3 million for the three comparative quarters, respectively. Average loans outstanding are $767.2 million for Q3 2025, $749.9 million for Q2 2025 and $727.3 million for Q3 2024. The yield on loans increased to 6.78% in the current quarter from 6.71% in linked quarter and 6.74% for the prior year quarter. As other earning assets have been used to support loan growth over the past twelve months, interest income from interest-bearing deposits at banks and investment securities have experienced declines from both a quarterly and year-over-year comparison.

Total interest expense is $3.8 million, $3.5 million and $3.7 million for the three comparative quarters, respectively. Interest expense on deposits is $3.2 million in Q3 2025, $3.0 million in Q2 2025 and $2.7 million in Q3 2024. The cost of interest-bearing liabilities is 1.73% for the current quarter, 1.63% for the linked quarter and 1.70% for the prior year quarter. The average volume of interest-bearing deposits is $819.0 million for the current quarter, reflecting an increase of $2.0 million from the linked quarter and an increase of $46.9 million from the prior year quarter. Interest expense on subordinated debt and other borrowings is $653,000 in the current quarter compared to $469,000 in the linked quarter and $935,000 in the prior year quarter. The increase in interest expense from borrowings compared to the linked quarter is due to an increase in the volume of borrowing while the decrease compared to the prior year quarter is due to a decrease in the volume of those borrowings. The cost of funds, which includes the impact of noninterest-bearing deposits, is 1.36% for the current period compared to 1.28% for Q2 2025 and 1.32% for Q3 2024.

Net interest income for the current nine-month period is $34.0 million compared to $33.0 million for the prior year period. Total interest income from earning assets is $44.8 million producing a yield of 5.27% compared to $43.1 million and a yield of 5.12% a year ago. The increase in the volume of average earning assets outstanding of $13.5 million and the 15 basis point increase in yields on those assets resulted in a $1.8 million increase in interest income from earning assets. Total interest expense increased from $10.0 million and cost of interest-bearing funds of 1.58% for the prior year period to $10.9 million and 1.66% for the current nine-month period. The higher interest expense is due to the 8 basis point increase in the cost of interest-bearing funds. The cost of total funds is currently 1.31% compared to 1.22% a year ago.

The net interest margin is 4.07% for the current quarter compared to 4.08% in the linked quarter and 4.04% for the prior year quarter. For the nine-month periods ended September 30, 2025, and 2024, net interest margin increased by 6 basis points to 4.01% from 3.95%.

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 70.7% at December 31, 2024, to 73.1% at September 30, 2025.

Non-Interest Income

Total non-interest income is $2.9 million for the current quarter and $2.8 million for the linked and prior year quarters. Service charges and fees associated with deposit accounts are $2.1 million for the current and linked quarters and $2.2 million for the prior year quarter. The largest component of service charges and fees is interchange revenue on debit card transactions. Interchange revenue is $1.2 million for all compared quarters. Revenue from non-sufficient funds (NSF) is $752,000 in the current quarter compared to $638,000 in the linked quarter and $752,000 in the prior year quarter.

Higher mortgage rates continue to negatively impact 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 $88,000 for Q2 2025 and $105,000 for Q3 2024.

Other non-interest income is $625,000 for the current quarter compared to $621,000 for the linked quarter and $537,000 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 $332,000, $365,000 and $237,000 for the three comparative quarters, respectively. There are no non-recurring, non-operating revenue items for any of the comparative quarters.

Non-interest income for the nine-month period ended September 30, 2025, is $8.3 million, compared to $8.4 million for the prior year period. Service charges and fees declined by $283,000 to $6.2 million from $6.5 million and were negatively impacted by a $62,000 decrease in interchange revenue. Gains on sale of originated mortgage loans is $288,000 compared to $297,000 in the prior year and other non-interest income is $1.8 million compared to $1.6 million in the prior year. Other non-interest income for the current nine-month period is positively impacted by a $251,000 increase in trust and brokerage revenue.

Non-Interest Expense

Total non-interest expense is $10.4 million for the current and linked quarters and $10.0 million for the prior year quarter. Salary and benefits expense is the largest component of non-interest expense and is $5.9 million for the current quarter and linked quarter, and $5.5 million for the prior year quarter.

Occupancy expense is $1.4 million for both the current and linked quarters and $1.3 million for the prior year quarter.

Data processing expense is $1.2 million for the current quarter, $1.1 million in the linked quarter and $1.2 million for the prior year quarter. Advertising and public relations expense totals $375,000 for the current and linked quarters compared to $371,000 for the September 2024 quarter. Other non-interest expense is $1.6 million for Q3 2025 and $1.7 million for Q2 2025 and Q3 2024. 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 $50,000, $48,000 and $103,000 for each of the comparative quarters.

Non-interest expense for the nine-month period ended September 30, 2025, is $30.7 million compared to $29.7 million for the prior year. Increases in salaries and employee benefits, occupancy, and advertising and public relations are partially offset by decreases in data processing and other non-interest expense. Net losses on the sale of OREO for the current and prior nine-month periods is $195,000 and $293,000, respectively.

Income tax expense is $785,000 for the current quarter compared to $559,000 for the linked quarter and $769,000 for the September 30, 2024 quarter. The effective tax rate is 17.21%, 16.03% and 17.19% for the three comparative quarters, respectively. Current year-to-date income tax expense is $1.9 million with an effective rate of 16.47% compared to $2.1 million and 16.74% for the prior year nine-month period.

Balance Sheet

Total assets are $1.2 billion at both September 30, 2025, and December 31, 2024. In the nine months since December 31, 2024, the Company has experienced new net loan growth of $46.0 million.

Total deposits increased by $28.6 million through September 30, 2025. The largest increase has occurred in time deposits, which have increased by $32.9 million. Savings and money market accounts and noninterest-bearing demand accounts experienced year-to-date increases of $15.4 million and $11.5 million, respectively. Interest bearing demand deposits are the only category showing a year-to-date decline, decreasing by $31.2 million.

Stockholders' equity increased by $15.3 million to $97.8 million at September 30, 2025, from $82.5 million at December 31, 2024. The increase is primarily comprised of a decrease in the accumulated other comprehensive loss of $8.5 million, dividends paid to common shareholders of $3.0 million, and year-to-date earnings of $9.6 million.

Tangible book value per common share is $27.26 at September 30, 2025 compared to $22.89 at December 31, 2024.

Key Performance Ratios

Return on average assets (ROA) increased to 1.23% for the current quarter compared to 0.98% for the linked quarter and declined slightly from the 1.25% for the prior year quarter. Return on average equity (ROE) is 16.36%, 13.33% and 18.99% for the three comparative quarters ended September 2025, June 2025 and September 2024, respectively. ROA and ROE for the nine-month periods ended September 30, 2025, and 2024 is 1.07% and 1.18%, and 14.66% and 18.19%, 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 21 full-service branch offices and two loan and deposit production offices 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.

Contact:

Paul Brummett, II (CEO) 337-246-5395
Jared Doucet (CFO) 337-246-5409

JD BANCSHARES, INC. AND SUBSIDIARIES
JENNINGS, LOUISIANA

CONSOLIDATED BALANCE SHEETS
(UNAUDITED)

		Actual Sep 2025				Actual Dec 2024				$ Variance				% Variance
Assets
Cash and due from banks			25,067,030				23,114,444				1,952,586				8.4
Interest bearing deposits with banks			10,084,497				35,765,026				(25,680,529	)			(71.8	)
Investment Securities - Taxable			223,321,928				223,870,862				(548,934	)			(0.2	)
Investment Securities - Tax-exempt			119,944,709				122,992,133				(3,047,424	)			(2.5	)
Mortgage loans held for sale			323,212				321,983				1,229				0.4
Loans, net of unearned income			772,028,777				726,030,139				45,998,638				6.3
Less: Allowance for credit losses			(9,215,621	)			(9,121,621	)			(94,000	)			1.0
Premises and equipment, net			24,964,293				21,017,630				3,946,663				18.8
Accrued interest receivable			4,733,467				4,983,070				(249,603	)			(5.0	)
Other real estate			3,169,593				2,204,968				964,625				43.7
Other assets			45,616,297				45,491,024				125,273				0.3
Total Assets			1,220,038,182				1,196,669,658				23,368,524				2.0
Liabilities
Non-Interest Bearing Deposits			235,579,113				224,044,996				11,534,117				5.1
Interest bearing demand deposits			280,540,127				311,787,150				(31,247,023	)			(10.0	)
Savings and Money Market Deposits			316,599,874				301,157,091				15,442,783				5.1
Time Deposits - Retail			222,803,219				189,885,577				32,917,642				17.3
Total Deposits			1,055,522,333				1,026,874,814				28,647,519				2.8
Accrued expenses and other liabilities			6,925,093				7,473,393				(548,300	)			(7.3	)
FHLB Advances			30,000,000				-				30,000,000				-
Other Borrowings			29,837,986				79,819,027				(49,981,041	)			(62.6	)
Total Liabilities			1,122,285,412				1,114,167,234				8,118,178				0.7
Equity
Common stock			21,456,956				21,381,956				75,000				0.4
Capital surplus			10,495,748				10,267,070				228,678				2.2
Retained earnings			94,792,055				88,214,577				6,577,478				7.5
Accumulated other comprehensive income (loss)			(28,334,341	)			(36,798,274	)			8,463,933				(23.0	)
Less: unearned stock awards			(657,648	)			(562,905	)			(94,743	)			16.8
Total Equity			97,752,770				82,502,424				15,250,346				18.5
Total Liabilities & Equity			1,220,038,182				1,196,669,658				23,368,524				2.0

JD BANCSHARES, INC. AND SUBSIDIARIES
JENNINGS, LOUISIANA

CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

		QTD Actual Sep 2025				QTD Actual Jun 2025				$ Variance				% Variance				QTD Actual Sep 2024				$ Variance				% Variance
Interest Income
Interest on Loans			13,117,997				12,549,314				568,683				4.5				12,328,762				789,235				6.4
Mortgage Loans Held For Sale			7,084				4,783				2,301				48.1				3,265				3,819				117.0
Interest on deposits with banks			181,534				102,679				78,855				76.8				169,371				12,163				7.2
Investment Securities - Taxable			1,493,302				1,556,410				(63,108	)			(4.1	)			1,743,435				(250,133	)			(14.3	)
Investment Securities - Tax-exempt			750,573				755,405				(4,832	)			(0.6	)			770,502				(19,929	)			(2.6	)
Total Interest Income			15,550,490				14,968,591				581,899				3.9				15,015,335				535,155				3.6
Interest Expense
Interest bearing demand deposits			364,748				361,809				2,939				0.8				375,432				(10,684	)			(2.8	)
Savings and Money Market Deposits			840,013				777,549				62,464				8.0				645,331				194,682				30.2
Time Deposits - Retail			1,977,244				1,900,547				76,697				4.0				1,657,239				320,005				19.3
Time Deposits - Wholesale			-				-				-				-				42,740				(42,740	)			(100.0	)
Total Interest Expense on Deposits			3,182,005				3,039,905				142,100				4.7				2,720,742				461,263				17.0
FHLB Advances			334,286				142,091				192,195				135.3				-				334,286				-
Interest on other borrowings			318,507				327,175				(8,668	)			(2.6	)			935,047				(616,540	)			(65.9	)
Total Interest Expense			3,834,798				3,509,171				325,627				9.3				3,655,789				179,009				4.9
Net Interest Income			11,715,692				11,459,420				256,272				2.2				11,359,546				356,146				3.1
Provision for credit losses			(338,538	)			309,953				(648,491	)			(209.2	)			(293,270	)			(45,268	)			15.4
Net In. Inc. After Prov. for Credit Losses			12,054,230				11,149,467				904,763				8.1				11,652,816				401,414				3.4
Non Interest Income
Service charges and fees			2,142,126				2,057,981				84,145				4.1				2,192,216				(50,090	)			(2.3	)
Mortgage loan and related fees			114,608				87,755				26,853				30.6				104,986				9,622				9.2
Other noninterest income			625,020				620,993				4,027				0.6				537,498				87,522				16.3
Total Non Interest Income			2,881,754				2,766,729				115,025				4.2				2,834,700				47,054				1.7
Non Interest Expense
Salaries and employee benefits			5,861,841				5,865,545				(3,704	)			(0.1	)			5,458,658				403,183				7.4
Occupancy			1,350,181				1,351,946				(1,765	)			(0.1	)			1,329,326				20,855				1.6
Advertising and public relations			374,451				374,763				(312	)			(0.1	)			370,776				3,675				1.0
Data Processing			1,218,953				1,139,931				79,022				6.9				1,155,949				63,004				5.5
Other noninterest expense			1,568,015				1,698,819				(130,804	)			(7.7	)			1,697,383				(129,368	)			(7.6	)
Total Non Interest Expense			10,373,441				10,431,004				(57,563	)			(0.6	)			10,012,092				361,349				3.6
Income Before Taxes			4,562,543				3,485,192				1,077,351				30.9				4,475,424				87,119				1.9
Income taxes			785,308				558,610				226,698				40.6				769,321				15,987				2.1
Net Income			3,777,235				2,926,582				850,653				29.1				3,706,103				71,132				1.9
Per common share data:
Earnings		$	1.10			$	0.85											$	1.08
Weighted average number of shares outstanding			3,433,113				3,432,629												3,435,396

JD BANCSHARES, INC. AND SUBSIDIARIES
JENNINGS, LOUISIANA

CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

		YTD Actual Sep 2025				YTD Actual Sep 2024				$ Variance				% Variance
Interest Income
Interest on Loans			37,407,104				34,501,945				2,905,159				8.4
Mortgage Loans Held For Sale			14,812				11,390				3,422				30.0
Interest on deposits with banks			571,662				926,706				(355,044	)			(38.3	)
Investment Securities - Taxable			4,570,851				5,296,419				(725,568	)			(13.7	)
Investment Securities - Tax-exempt			2,267,291				2,325,411				(58,120	)			(2.5	)
Total Interest Income			44,831,720				43,061,871				1,769,849				4.1
Interest Expense
Interest bearing demand deposits			1,080,266				1,034,411				45,855				4.4
Savings and Money Market Deposits			2,374,410				1,756,531				617,879				35.2
Time Deposits - Retail			5,725,254				4,450,131				1,275,123				28.7
Time Deposits - Wholesale			-				42,740				(42,740	)			(100.0	)
Total Interest Expense on Deposits			9,179,930				7,283,813				1,896,117				26.0
FHLB Advances			701,935				-				701,935				-
Interest on other borrowings			969,610				2,764,984				(1,795,374	)			(64.9	)
Total Interest Expense			10,851,475				10,048,797				802,678				8.0
Net Interest Income			33,980,245				33,013,074				967,171				2.9
Provision for credit losses			6,592				(822,577	)			829,169				(100.8	)
Net In. Inc. After Prov. for Credit Losses			33,973,653				33,835,651				138,002				0.4
Non Interest Income
Service charges and fees			6,216,398				6,499,441				(283,043	)			(4.4	)
Mortgage loan and related fees			288,058				297,048				(8,990	)			(3.0	)
Other noninterest income			1,771,734				1,567,472				204,262				13.0
Total Non Interest Income			8,276,190				8,363,961				(87,771	)			(1.0	)
Non Interest Expense
Salaries and employee benefits			17,239,328				16,259,718				979,610				6.0
Occupancy			4,157,223				3,957,353				199,870				5.1
Advertising and public relations			1,113,399				1,102,716				10,683				1.0
Data Processing			3,480,627				3,500,443				(19,816	)			(0.6	)
Other noninterest expense			4,731,623				4,903,705				(172,082	)			(3.5	)
Total Non Interest Expense			30,722,200				29,723,935				998,265				3.4
Income Before Taxes			11,527,643				12,475,677				(948,034	)			(7.6	)
Income taxes			1,898,175				2,088,344				(190,169	)			(9.1	)
Net Income			9,629,468				10,387,333				(757,865	)			(7.3	)
Per common share data:
Earnings		$	2.81			$	3.03
Weighted average number of shares outstanding			3,429,443				3,425,837

JD BANCSHARES, INC. AND SUBSIDIARIES
Margin Analysis Compare

		Average Yield and Rate												Average Funds												Interest Income/Expense
		QTD Actual Sep 2025				QTD Actual Sep 2024				Change				QTD Actual Sep 2025				QTD Actual Sep 2024				Change				QTD Actual Sep 2025				QTD Actual Sep 2024				Change
Earning Assets
Loans			6.78				6.74				0.04				767,229,639				727,277,984				39,951,654				13,117,997				12,328,763				789,234
Loan fees			-				-				-				-				-				-				-				-				-
Loans with fees			6.78				6.74				0.04				767,229,639				727,277,984				39,951,654				13,117,997				12,328,763				789,234
Mortgage loans held for sale			7.25				7.68				(0.43	)			391,121				169,960				221,161				7,084				3,265				3,819
Deposits with banks			4.35				5.60				(1.25	)			16,564,658				12,034,365				4,530,292				181,534				169,371				12,163
Investment securities - taxable			2.29				2.52				(0.23	)			260,703,266				277,179,876				(16,476,611	)			1,493,302				1,743,435				(250,133	)
Investment securities - tax-exempt			3.15				3.14				0.01				120,507,418				124,242,209				(3,734,790	)			750,573				770,502				(19,928	)
Total Earning Assets			5.37				5.31				0.06				1,165,396,101				1,140,904,395				24,491,706				15,550,491				15,015,335				535,156
Interest bearing liabilities
Interest bearing demand			0.51				0.52				(0.01	)			284,872,293				289,102,275				(4,229,983	)			364,748				375,432				(10,684	)
Savings and Money Market			1.04				0.84				0.20				319,911,224				303,992,824				15,918,399				840,013				645,331				194,682
Time deposits - Retail			3.66				3.75				(0.09	)			214,234,198				175,719,108				38,515,090				1,977,244				1,657,239				320,006
Time Deposits - Wholesale			-				5.21				(5.21	)			-				3,260,870				(3,260,870	)			-				42,740				(42,740	)
Total interest bearing deposits			1.54				1.40				0.14				819,017,714				772,075,077				46,942,637				3,182,005				2,720,742				461,264
Federal home Loan Bank advances			4.35				-				4.35				30,054,348				-				30,054,348				334,286				-				334,285
Other borrowings			4.16				4.54				(0.38	)			29,967,961				80,584,725				(50,616,764	)			318,507				935,047				(616,540	)
Total borrowed funds			4.26				4.54				(0.28	)			60,022,309				80,584,725				(20,562,416	)			652,793				935,048				(282,255	)
Total interest-bearing liabilities			1.73				1.70				0.03				879,040,023				852,659,803				26,380,221				3,834,798				3,655,789				179,009
Net interest rate spread			3.64				3.61				0.03																11,715,692				11,359,545				356,147
Effect of non-interest bearing deposits			(0.37	)			(0.38	)			0.01				237,190,455				241,192,050				(4,001,595	)
Cost of funds			1.36				1.32				0.04
Net interest margin			4.07				4.04				0.02

JD BANCSHARES, INC. AND SUBSIDIARIES
Margin Analysis Compare

		Average Yield and Rate												Average Funds												Interest Income/Expense
		YTD Actual Sep 2025				YTD Actual Sep 2024				Change				YTD Actual Sep 2025				YTD Actual Sep 2024				Change				YTD Actual Sep 2025				YTD Actual Sep 2024				Change
Earning Assets
Loans			6.69				6.50				0.19				747,654,567.00				708,709,938.00				38,944,629.00				37,407,104.00				34,501,945.00				2,905,159.00
Loan fees			-				-				-				-				-				-				-				-				-
Loans with fees			6.69				6.50				0.19				747,654,567.00				708,709,938.00				38,944,629.00				37,407,104.00				34,501,945.00				2,905,159.00
Mortgage loans held for sale			6.89				7.39				(0.50	)			286,761.00				205,573.00				81,188.00				14,812.00				11,390.00				3,423.00
Deposits with banks			4.37				5.51				(1.14	)			17,479,962.00				22,477,610.00				(4,997,648.00	)			571,662.00				926,706.00				(355,044.00	)
Investment securities - taxable			2.30				2.51				(0.21	)			264,805,242.00				281,551,947.00				(16,746,706.00	)			4,570,851.00				5,296,419.00				(725,567.00	)
Investment securities - tax-exempt			3.15				3.13				0.02				121,532,345.00				125,268,083.00				(3,735,738.00	)			2,267,291.00				2,325,411.00				(58,119.00	)
Total Earning Assets			5.27				5.12				0.15				1,151,758,876.00				1,138,213,151.00				13,545,725.00				44,831,721.00				43,061,870.00				1,769,851.00
Interest bearing liabilities
Interest bearing demand			0.49				0.47				0.02				296,407,113.00				293,232,305.00				3,174,808.00				1,080,266.00				1,034,411.00				45,855.00
Savings and Money Market			1.00				0.76				0.24				316,028,943.00				308,753,917.00				7,275,025.00				2,374,410.00				1,756,531.00				617,879.00
Time deposits - Retail			3.72				3.66				0.06				205,914,555.00				162,244,916.00				43,669,638.00				5,725,254.00				4,450,131.00				1,275,123.00
Time Deposits - Wholesale			-				5.21				(5.21	)			-				1,094,891.00				(1,094,891.00	)			-				42,740.00				(42,740.00	)
Total interest bearing deposits			1.50				1.27				0.23				818,350,611.00				765,326,030.00				53,024,581.00				9,179,929.00				7,283,812.00				1,896,117.00
Federal home Loan Bank advances			4.39				11.16				(6.77	)			21,095,238.00				4.00				21,095,234.00				701,935.00				-				701,935.00
Other borrowings			4.21				4.54				(0.33	)			30,373,464.00				80,072,153.00				(49,698,689.00	)			969,610.00				2,764,984.00				(1,795,375.00	)
Total borrowed funds			4.28				4.54				(0.26	)			51,468,702.00				80,072,157.00				(28,603,454.00	)			1,671,545.00				2,764,984.00				(1,093,440.00	)
Total interest-bearing liabilities			1.66				1.58				0.08				869,819,313.00				845,398,186.00				24,421,127.00				10,851,474.00				10,048,797.00				802,677.00
Net interest rate spread			3.61				3.54				0.06																33,980,247.00				33,013,073.00				967,174.00
Effect of non-interest bearing deposits			(0.35	)			(0.36	)			0.01				234,489,955.00				247,189,146.00				(12,699,190.00	)
Cost of funds			1.31				1.22				0.09
Net interest margin			4.01				3.95				0.06

JD BANCSHARES, INC. AND SUBSIDIARIES
SUPPLEMENTAL FINANCIAL INFORMATION

Financial Ratios
		For the Qtr Ended September 30, 2025				For the Qtr Ended June 30, 2025				For the Qtr Ended September 30, 2024				For the Nine Months Ended September 30, 2025				For the Nine Months Ended September 30, 2024
Performance Ratios
Return on Average Assets (ROA)			1.23	%			0.98	%			1.25	%			1.07	%			1.18	%
ROA based on Pre-tax, pre-provision operating income			1.40	%			1.29	%			1.45	%			1.31	%			1.36	%
Return on Average Equity (ROE)			16.36	%			13.33	%			18.99	%			14.66	%			18.19	%
ROE based on Pre-tax, pre-provision operating income			18.51	%			17.51	%			21.96	%			17.86	%			20.91	%
Earnings per Share		$	1.10			$	0.85			$	1.08			$	2.81			$	3.03
Net Interest Margin			4.07	%			4.08	%			4.04	%			4.01	%			3.95	%
Efficiency Ratio **			69.77	%			71.97	%			68.82	%			71.23	%			70.08	%
Non-Interest Income as a % of Avg. Assets**			0.94	%			0.93	%			0.96	%			0.92	%			0.95	%
Non-Interest Expense as a % of Avg. Assets**			3.37	%			3.49	%			3.34	%			3.41	%			3.35	%
		As of				As of
		September 30, 2025				December 31, 2024
Bank Level Capital Ratios:
Tier 1 Leverage Ratio		11.66% (Est.)					11.34	%
Common Equity Tier 1 Ratio		15.95% (Est.)					16.25	%
Tier 1 Risk-Based Capital Ratio		15.95% (Est.)					16.25	%
Total Risk-Based Capital Ratio		16.98% (Est.)					17.35	%
Company:
Tangible Equity / Total Assets			7.67	%			6.55	%
Tangible Book Value per Share		$	27.26			$	22.89
Reconcilement of GAAP to Pre-tax, Pre-Provision Operating Income:
		For the Qtr Ended September 30, 2025				For the Qtr Ended June 30, 2025				For the Qtr Ended September 30, 2024				For the Nine Months Ended September 30, 2025				For the Nine Months Ended September 30, 2024
Net Income (GAAP)		$	3,777,235			$	2,926,582			$	3,706,103			$	9,629,468			$	10,387,333
Provision for Loan Lossess			(338,538	)			309,953				(293,270	)			6,592				(822,577	)
Net (Gain) Loss on OREO			50,180				47,907				103,368				195,443				293,082
Net (Gain) Loss on Securities			-				-				-				-				-
Non-recurring Expenses			-				-				-				-				-
Income Tax Expense			785,308				558,610				769,321				1,898,175				2,088,344
Pre-tax, Pre-Provision Operating Income		$	4,274,185			$	3,843,052			$	4,285,522			$	11,729,678			$	11,946,182
** Non-recurring items are eliminated for this ratio

SOURCE: JD Bancshares, Inc.

View the original press release on ACCESS Newswire

FAQ

What did JDVB report for Q3 2025 net income and EPS?

JDVB reported Q3 2025 net income $3.78M, or $1.10 per share.

How did JDVB's net interest margin and net interest income perform in Q3 2025?

Q3 2025 net interest income was $11.7M with a net interest margin of 4.07%.

What changes occurred in JDVB's asset quality as of September 30, 2025?

Total nonperforming assets declined to $6.8M and nonaccrual loans fell to $3.6M as of September 30, 2025.

How much did JDVB's tangible book value per share change in 2025 YTD?

Tangible book value per common share increased to $27.26 from $22.89 at year-end 2024.

Did JDVB's stockholders' equity change in 2025 YTD and by how much?

Yes, stockholders' equity increased by $15.3M year-to-date to $97.8M at September 30, 2025.

What material expense trends should JDVB investors note from Q3 2025?

Investors should note a rise in interest expense on borrowings to $653,000 and an increase in OREO to $3.17M.