JD Bancshares, Inc. Reports Financial Results for Quarter Ended March 31, 2026

Rhea-AI Summary

JD Bancshares (OTCQX:JDVB) reported Q1 2026 results for the quarter ended March 31, 2026. Net income was $2,966,937 or $0.87 per share. Net interest income was $11.9M and net interest margin improved to 4.14%. Total assets were $1.259B and tangible book value per share was $28.99. The allowance for credit losses was $9.1M (1.19% of loans). Non-interest expense was $10.9M, and total deposits were about $1.118B.

Positive

• Net income of $2,966,937 ($0.87 per share)
• Net interest income of $11.9 million, up $104,000 vs Q4 2025
• Net interest margin improved to 4.14% (up 5 bps vs prior quarter)
• Allowance for credit losses $9.1 million (1.19% of loans)
• Tangible book value per share $28.99 at March 31, 2026

Negative

• Total non-interest expense rose to $10.9 million (5.10% increase vs Q4 2025)
• Return on average assets declined to 0.97% from 1.08% last quarter
• Other non-interest income included a $251,000 non-recurring securities loss
• Total deposits decreased $92,119 during Q1 2026

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JENNINGS, LA / ACCESS Newswire / April 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 quarter ended March 31, 2026.

Net income for the three-month period ended March 31, 2026 is $2,966,937 or $0.87 per share compared to a net income of $3,330,945 or $0.97 for the linked quarter ended December 31, 2025 and $2,925,651 or $0.85 per share for the prior year quarter ended March 31, 2025. Pre-tax, pre-provision operating income (PTPPOI) for the current quarter is $4,245,847 compared to $4,480,598 for the linked quarter and $3,612,441 for the prior year quarter. PTPPOI excludes taxes, credit loss provisions, net losses on the sale of other real estate owned (OREO), and net losses on the disposal of available for sale investment securities. The decrease in PTPPOI for the current quarter compared to the linked quarter is primarily due to a 5.10% increase in non-interest expense and a 4.0% decrease in non-interest income. Compared to the prior year quarter, the increase is due primarily to higher net interest income and non-interest income, partially offset by higher non-interest expenses.

Paul E. Brummett, II, CEO, commented, "We are pleased with the first quarter results. While loan and deposits remained relatively flat, the net interest margin improved, and net interest income increased for the quarter. We are excited about our momentum and look forward to the opportunities for the remainder of 2026. We remain eager and well positioned to serve our customers and communities."

Asset Quality

Loans past due 30 to 89 days at March 31, 2026 are $2.0 million or 0.26% of the total loans outstanding compared to $1.8 million or 0.23% of total loans reported at December 31, 2025. Total nonperforming assets, including loans in non-accrual status, OREO and repossessed assets are $5.8 million at March 31, 2026, a decrease of $1.0 million from $6.8 million at December 31, 2025. Loans on non-accrual status decreased by $604,000 to $3.3 million from $3.9 million at December 31, 2025. OREO decreased by $507,000 to $2.4 million from $3.0 million 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 to or greater than the carrying values.

The Company recorded a provision of $326,000 to its Allowance for Credit Losses (ACL) in the current quarter compared to $116,000 in the linked quarter and $35,000 in the prior year quarter. The ACL is $9.1 million at March 31, 2026 and $8.9 million at December 31, 2025 which represents 1.19% of total loans and 1.15% of total loans, respectively. We recognized net charge-offs in the current quarter of $5,000 compared to $405,000 for the linked quarter and $26,000 for the prior year quarter. We believe the current level of our 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

Net interest income for the current quarter is $11.9 million, reflecting an increase of $104,000 compared to $11.8 million for the linked quarter. The current quarter reflects an increase of $1.1 million over the $10.8 million reported for the prior year quarter ended March 31, 2025. While interest income declined compared to the linked quarter, interest expense decreased by a larger amount for the same period. Interest income increased compared to the prior year period, with a slight decrease in interest expense.

Interest income on loans for the current quarter is $12.9 million, reflecting a decrease of $162,000 compared to $13.0 million for the linked quarter and increasing by $1.1 million compared to $11.7 million for the prior year quarter. Average loans outstanding in the current quarter are $772.3 million compared to $768.1 million for Q4 2025 and $725.4 million for the prior year quarter. The yield on loans increased to 6.76% in the current quarter from 6.74% for the linked quarter and 6.56% for the prior year quarter. The decrease in loan interest income from the linked quarter is primarily due to two fewer days in the current quarter. The year-over-year increase in interest income on loans is due to a combination of increased volume and higher rates. Lower rates earned on deposits with banks and investment securities partially offset the higher yield on loans and contributed to the average yield of earning assets for the current and linked quarters of 5.34% compared to 5.13% for Q1 2025.

Total interest expense is $3.5 million for the current quarter, $3.7 million for the linked quarter and $3.5 million for the prior year quarter. The decrease in interest expense in the current quarter is due to lower rates on interest-bearing liabilities and fewer days in the quarter compared to the linked quarter. The cost of interest-bearing liabilities is 1.59% for the current quarter compared to 1.65% for the linked quarter and 1.63% for the prior year quarter. The cost of funds, which includes the impact of non-interest-bearing deposits, is 1.25% for the current quarter compared to 1.30% for Q4 2025 and 1.29% for Q1 2025.

The decrease in cost of funds in the current quarter led to a 5-basis point increase in net interest margin, from 4.09% in the prior quarter to 4.14% in the current quarter. The current quarter's margin is 25 basis points higher than the 3.89% margin reported in the prior year quarter. The increase is attributed to a 20 basis point increase in yield on earning assets combined with a 4 basis point decrease in cost of funds. We anticipate being able to maintain our net interest margin while continuing to move earnings assets from lower yielding assets into the loan portfolio and monitoring the cost of funds.

Non-Interest Income

Total non-interest income is $2.9 million for the quarter ended March 31, 2026 compared to $3.0 million for the linked quarter and $2.6 million for the prior year quarter. Service charges and fees associated with deposit accounts are consistent over the current and linked quarters at $2.1 million and were $2.0 million for the prior year quarter. The increase in service charges and fee income for the current quarter compared to the prior year quarter is primarily due to increased revenue associated with debit card transactions.

Mortgage loan originations are up $11,000 from Q4 2025 and $53,000 from the prior year quarter. The demand for housing remains strong in many of our markets; activity has slightly increased with some reduction in mortgage rates. Gains on the sale of newly originated mortgage loans are $139,000 for the most recent quarter, $127,000 for Q4 2025 and $86,000 for Q1 2025.

Other non-interest income is $648,000 for the current quarter and $716,000 for the linked quarter and $526,000 for the quarter ended March 31, 2025. The current quarter includes non-recurring losses on securities sold of $251,000. The largest components of other non-interest income are from trust and brokerage services. Those two revenue sources totaled $423,000, $380,000, and $294,000, respectively, for the three comparative periods.

Non-Interest Expense

Total non-interest expense is $10.9 million in Q1 2026 compared to $10.3 million for the linked quarter and $9.9 million for the prior year quarter. Salaries and benefits expense is the largest component of non-interest expense and is $6.0 million for the current quarter, $5.6 million for the linked quarter and $5.5 million for the prior year quarter. Salaries and benefits expense in Q1 2026 increased by $399,000 compared to Q4 2025 due to higher incentive accrual, benefits expense, and payroll taxes. The increase over the prior year quarter is primarily due to higher salary and benefits expenses. We do anticipate salary expense to increase moving forward as we continue to focus on employee retention and pay equity.

Occupancy expense is relatively flat for the current and prior year quarters at $1.5 million and $1.4 million for the linked quarter. Data processing expense increased $68,000 in the current quarter to $1.4 million from $1.3 million for the linked quarter, and $230,000 from $1.1 million in the prior year quarter. Advertising and public relations expense is $396,000 for the current quarter, $350,000 in the linked quarter and $364,000 a year ago.

All other non-interest expense is $1.7 million for the current quarter, $1.8 million for the linked quarter, and $1.5 million for the prior year quarter. The largest components of non-interest expense are comprised of professional fees, ad valorem taxes, FDIC deposit insurance assessments, telecommunications and corporate insurance. All three comparative quarters included non-recurring, non-operating expenses of $108,000, $51,000 and $97,000, respectively, related to losses on the sale of OREO.

Income tax expense is $593,000 for the current quarter, $983,000 for the linked quarter and $554,000 for the prior year quarter. Effective tax rates are 16.67% for the current quarter, 22.78% for the linked quarter, and 15.93% for the prior year quarter.

Balance Sheet

Total assets increased by $479,000 during the first three months of the year and are $1.3 billion on both March 31, 2026 and December 31, 2025. Cash on hand and deposits with correspondent banks increased $7.7 million while investment securities declined $8.4 million. Total gross loans outstanding decreased by $32,000 during the first three months of 2026 and the ACL increased by $250,000. All other assets increased $1.5 million between December 31, 2025 and March 31, 2026, primarily due to increased premises and equipment and higher prepaid expenses.

Total deposits decreased $92,000 during the first quarter of 2026 totaling $1.1 billion at March 31, 2026 and December 31, 2025. Between December 31, 2025 and March 31, 2026, the various deposit categories that experienced increases were: non-interest bearing deposits by $6.0 million, savings and money market accounts by $13.1 million and time deposits by $9.8 million. Interest bearing demand deposits saw a decline of $29.1 million during the same period.

Other liabilities decreased $89,000 during the first three months of 2026. The decrease is attributed to a reduction in accrued liabilities.

Stockholders' equity increased $660,000 to $103.8 million at March 31, 2026 from $103.1 million at December 31, 2025. The increase is due to net income of $3.0 million, and the issuance of restricted share awards valued at $355,000. This increase is partially offset by the payment of $1.0 million in dividends to shareholders and an increase in accumulated other comprehensive losses of $1.4 million. Tangible book value per common share increased to $28.99 at March 31, 2026 compared to $28.88 at December 31, 2025.

Key Performance Ratios

Return on average assets (ROA) in the current quarter is 0.97% compared to 1.08% and 1.00% for the linked and prior year quarters, respectively. The decrease in ROA between Q1 2026 and the two comparative 2025 quarters is primarily due to an increase in non-interest expense. ROA on a non- Generally Accepted Accounting Principles (GAAP) pre-tax, pre-provision operating basis for the three comparative periods is 1.38%, 1.45% and 1.23%, respectively. Return on average equity (ROE) is 11.52% for the current quarter, 13.32% for the linked quarter and 14.17% for the prior year quarter. On a non-GAAP, pre-tax, pre-provision operating basis, the ROE for the three comparative periods is 16.49%, 17.92% and 17.49%, respectively.

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 Mar 2026				Actual Dec 2025				$ Variance				% Variance
Assets
Cash and due from banks			25,499,968				24,531,382				968,586				3.9
Interest bearing deposits with banks			54,498,380				47,810,267				6,688,113				14.0
Investment Securities - Taxable			212,738,490				220,454,338				(7,715,848	)			(3.5	)
Investment Securities - Tax-exempt			121,559,793				122,277,394				(717,601	)			(0.6	)
Mortgage loans held for sale			662,125				633,782				28,343				4.5
Loans, net of unearned income			771,083,824				771,115,361				(31,537	)			(0.0	)
Less: Allowance for credit losses			(9,143,349	)			(8,893,255	)			(250,094	)			2.8
Premises and equipment, net			29,964,324				29,150,334				813,990				2.8
Accrued interest receivable			4,572,025				5,123,565				(551,540	)			(10.8	)
Other real estate			2,443,356				2,950,546				(507,190	)			(17.2	)
Other assets			44,743,100				42,989,593				1,753,507				4.1
Total Assets			1,258,622,036				1,258,143,307				478,729				0.0
Liabilities
Non-Interest Bearing Deposits			240,715,368				234,684,101				6,031,267				2.6
Interest bearing demand deposits			310,181,541				339,233,118				(29,051,577	)			(8.6	)
Savings and Money Market Deposits			337,344,595				324,205,335				13,139,260				4.1
Time Deposits - Retail			230,181,989				220,393,058				9,788,931				4.4
Total Deposits			1,118,423,493				1,118,515,612				(92,119	)			(0.0	)
Accrued expenses and other liabilities			6,510,036				6,634,247				(124,211	)			(1.9	)
Other Borrowings			29,908,874				29,873,430				35,444				0.1
Total Liabilities			1,154,842,403				1,155,023,289				(180,886	)			(0.0	)
Equity
Common stock			21,474,656				21,412,156				62,500				0.3
Capital surplus			10,612,492				10,320,490				292,002				2.8
Retained earnings			99,032,303				97,093,150				1,939,153				2.0
Accumulated other comprehensive income (loss)			(26,475,535	)			(25,121,300	)			(1,354,235	)			5.4
Less: unearned stock awards			(864,283	)			(584,478	)			(279,805	)			47.9
Total Equity			103,779,633				103,120,018				659,615				0.6
Total Liabilities & Equity			1,258,622,036				1,258,143,307				478,729				0.0

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

		QTD Actual Mar 2026			QTD Actual Dec 2025			$ Variance			% Variance			QTD Actual Mar 2025			$ Variance			% Variance
Interest Income
Interest on Loans			12,876,989			13,038,676			(161,687	)		(1.2	)		11,739,793			1,137,196			9.7
Mortgage Loans Held For Sale			6,601			5,015			1,586			31.6			2,945			3,656			124.1
Interest on deposits with banks			312,432			168,653			143,779			85.3			287,448			24,984			8.7
Investment Securities - Taxable			1,407,309			1,452,225			(44,916	)		(3.1	)		1,521,139			(113,830	)		(7.5	)
Investment Securities - Tax-exempt			780,831			776,339			4,492			0.6			761,313			19,518			2.6
Total Interest Income			15,384,162			15,440,908			(56,746	)		(0.4	)		14,312,638			1,071,524			7.5
Interest Expense
Interest bearing demand deposits			373,077			373,679			(602	)		(0.2	)		353,708			19,369			5.5
Savings and Money Market Deposits			880,224			857,851			22,373			2.6			756,848			123,376			16.3
Time Deposits - Retail			1,932,149			1,978,606			(46,457	)		(2.3	)		1,847,462			84,687			4.6
Total Interest Expense on Deposits			3,185,450			3,210,136			(24,686	)		(0.8	)		2,958,018			227,432			7.7
FHLB Advances			-			135,570			(135,570	)		(100.0	)		225,558			(225,558	)		(100.0	)
Interest on other borrowings			317,116			317,482			(366	)		(0.1	)		323,928			(6,812	)		(2.1	)
Total Interest Expense			3,502,566			3,663,188			(160,622	)		(4.4	)		3,507,504			(4,938	)		(0.1	)
Net Interest Income			11,881,596			11,777,720			103,876			0.9			10,805,134			1,076,462			10.0
Provision for credit losses			326,127			115,842			210,285			181.5			35,177			290,950			827.1
Net In. Inc. After Prov. for Credit Losses			11,555,469			11,661,878			(106,409	)		(0.9	)		10,769,957			785,512			7.3
Non Interest Income
Service charges and fees			2,073,484			2,136,242			(62,758	)		(2.9	)		2,016,291			57,193			2.8
Mortgage loan and related fees			138,580			127,296			11,284			8.9			85,696			52,884			61.7
Other noninterest income			648,294			715,810			(67,516	)		(9.4	)		525,720			122,574			23.3
Total Non Interest Income			2,860,358			2,979,348			(118,990	)		(4.0	)		2,627,707			232,651			8.9
Non Interest Expense
Salaries and employee benefits			5,952,555			5,553,550			399,005			7.2			5,511,942			440,613			8.0
Occupancy			1,466,477			1,363,216			103,261			7.6			1,455,096			11,381			0.8
Advertising and public relations			396,026			350,464			45,562			13.0			364,185			31,841			8.7
Data Processing			1,351,626			1,283,432			68,194			5.3			1,121,743			229,883			20.5
Other noninterest expense			1,688,766			1,777,020			(88,254	)		(5.0	)		1,464,790			223,976			15.3
Total Non Interest Expense			10,855,450			10,327,682			527,768			5.1			9,917,756			937,694			9.5
Income Before Taxes			3,560,377			4,313,544			(753,167	)		(17.5	)		3,479,908			80,469			2.3
Income taxes			593,440			982,599			(389,159	)		(39.6	)		554,257			39,183			7.1
Net Income			2,966,937			3,330,945			(364,008	)		(10.9	)		2,925,651			41,286			1.4
Earnings		$	0.87		$	0.97								$	0.85
Weighted average number of shares outstanding			3,426,601			3,433,035									3,423,107

JD BANCSHARES, INC. AND SUBSIDIARIES
Margin Analysis Compare

		Average Yield and Rate									Average Funds									Interest Income/Expense
		QTD Actual Mar 2026			QTD Actual Mar 2025			Change			QTD Actual Mar 2026			QTD Actual Mar 2025			Change			QTD Actual Mar 2026			QTD Actual Mar 2025			Change
Earning Assets
Loans			6.76			6.56			0.20			772,274,698			725,403,637			46,871,062			12,876,989			11,739,793			1,137,196
Loan fees			-			-			-			-			-			-			-			-			-
Loans with fees			6.76			6.56			0.20			772,274,698			725,403,637			46,871,062			12,876,989			11,739,793			1,137,196
Mortgage loans held for sale			5.86			7.01			(1.15	)		450,911			168,085			282,827			6,601			2,945			3,656
Deposits with banks			3.51			4.31			(0.80	)		36,132,350			27,020,470			9,111,880			312,432			287,448			24,984
Investment securities - taxable			2.24			2.26			(0.02	)		250,992,389			268,761,354			(17,768,965	)		1,407,309			1,521,139			(113,830	)
Investment securities - tax-exempt			3.24			3.15			0.09			122,016,168			122,534,840			(518,672	)		780,831			761,313			19,518
Total Earning Assets			5.34			5.13			0.20			1,181,866,517			1,143,888,386			37,978,131			15,384,162			14,312,639			1,071,524
Interest bearing liabilities
Interest bearing demand			0.49			0.46			0.03			309,063,501			311,472,406			(2,408,904	)		373,077			353,708			19,369
Savings and Money Market			1.09			0.99			0.10			326,020,083			310,932,357			15,087,726			880,224			756,848			123,376
Time deposits - Retail			3.44			3.81			(0.37	)		227,465,732			196,640,865			30,824,868			1,932,149			1,847,462			84,687
Total interest bearing deposits			1.50			1.46			0.04			862,549,316			819,045,627			43,503,689			3,185,450			2,958,018			227,432
Federal home Loan Bank advances			-			4.41			(4.41	)		-			20,444,444			(20,444,444	)		-			225,558			(225,558	)
Other borrowings			4.24			4.26			(0.02	)		29,932,829			30,444,253			(511,424	)		317,116			323,928			(6,812	)
Total borrowed funds			4.24			4.32			(0.08	)		29,932,829			50,888,698			(20,955,868	)		317,116			549,486			(232,370	)
Total interest-bearing liabilities			1.59			1.63			(0.04	)		892,482,146			869,934,325			22,547,821			3,502,566			3,507,504			(4,938	)
Net interest rate spread			3.75			3.50			0.25												11,881,596			10,805,135			1,076,461
Effect of non-interest bearing deposits			(0.34	)		(0.34	)		-			242,711,090			228,003,919			14,707,172
Cost of funds			1.25			1.29			(0.04	)
Net interest margin			4.14			3.89			0.25

JD BANCSHARES, INC. AND SUBSIDIARIES

SUPPLEMENTAL FINANCIAL INFORMATION

Financial Ratios

		For the Qtr				For the Qtr				For the Qtr
		Ended				Ended				Ended
		March 31, 2026				December 31, 2025				March 31, 2025
Performance Ratios
Return on Average Assets (ROA)			0.97	%			1.08	%			1.00	%
ROA based on Pre-tax, pre-provision operating income			1.38	%			1.45	%			1.23	%
Return on Average Equity (ROE)			11.52	%			13.32	%			14.17	%
ROE based on Pre-tax, pre-provision operating income			16.49	%			17.92	%			17.49	%
Earnings per Share		$	0.87			$	0.97			$	0.85
Net Interest Margin			4.14	%			4.09	%			3.89	%
Efficiency Ratio **			70.70	%			68.66	%			72.02	%
Non-Interest Income as a % of Avg. Assets**			1.01	%			0.96	%			0.90	%
Non-Interest Expense as a % of Avg. Assets**			3.50	%			3.33	%			3.35	%
		As of				As of
		March 31, 2026				December 31, 2025
Bank Level Capital Ratios:
Tier 1 Leverage Ratio		11.79% (Est.)					11.92	%
Common Equity Tier 1 Ratio		16.28% (Est.)					16.46	%
Tier 1 Risk-Based Capital Ratio		16.28% (Est.)					16.46	%
Total Risk-Based Capital Ratio		17.31% (Est.)					17.48	%
Company:
Tangible Equity / Total Assets			7.94	%			7.89	%
Tangible Book Value per Share		$	28.99			$	28.88
Reconcilement of GAAP to Pre-tax, Pre-Provision Operating Income:
		For the Qtr				For the Qtr				For the Qtr
		Ended				Ended				Ended
		March 31, 2026				December 31, 2025				March 31, 2025
Net Income (GAAP)		$	2,966,937			$	3,330,945			$	2,925,651
Provision for Loan Losses			326,127				115,842				35,177
Net (Gain) Loss on OREO			108,248				58,968				97,356
Net (Gain) Loss on Securities			251,095				(7,756	)			-
Non-recurring Revenue			-				-				-
Non-recurring Expenses			-				-				-
Income Tax Expense			593,440				982,599				554,257
Pre-tax, Pre-Provision Operating Income		$	4,245,847			$	4,480,598			$	3,612,441
** Non-recurring items are eliminated for this ratio

SOURCE: JD Bancshares, Inc.

View the original press release on ACCESS Newswire

FAQ

What did JD Bancshares (JDVB) report for net income in Q1 2026?

Net income for Q1 2026 was $2,966,937 or $0.87 per share. According to the company, this compares to $3,330,945 ($0.97) in Q4 2025 and $2,925,651 ($0.85) in Q1 2025.

How did JDVB's net interest margin and net interest income change in Q1 2026?

Net interest margin was 4.14% and net interest income was $11.9 million. According to the company, NII rose $104,000 versus Q4 2025 and the margin increased 5 basis points from the prior quarter.

What is JD Bancshares' allowance for credit losses and loan asset quality at March 31, 2026?

The allowance for credit losses was $9.1 million, representing 1.19% of total loans. According to the company, nonperforming assets were $5.8 million and loans on non-accrual were $3.3 million at March 31, 2026.

Did JDVB's operating expenses affect Q1 2026 results?

Yes. Total non-interest expense was $10.9 million, higher than Q4 2025. According to the company, salaries and benefits increased due to higher incentive accruals, benefits, and payroll taxes, contributing to lower ROA.

How did JD Bancshares' balance sheet change at March 31, 2026 compared to December 31, 2025?

Total assets were about $1.259 billion and total deposits were about $1.118 billion. According to the company, investment securities declined ~$8.4 million while cash and deposits with banks increased about $7.7 million.