JD Bancshares, Inc. Reports Financial Results for Three and Twelve-Month Periods Ended December 31, 2025 and Chairman Succession
Rhea-AI Summary
JD Bancshares (OTCQX: JDVB) reported unaudited results for the three and twelve months ended December 31, 2025. Q4 net income was $3.23M ($0.94/share) versus $3.78M in Q3 2025 and $3.25M in Q4 2024. Twelve-month net income was $12.86M ($3.75/share) versus $13.63M a year ago. PTPPI for Q4 was $4.38M and $16.11M for the twelve months. Net interest income for the year was $45.8M; net interest margin rose to 4.03% for the year. Total assets reached $1.3B and deposits increased $91.6M year‑to‑date. Stockholders' equity rose to $103.1M and tangible book value per share increased to $28.88. Dr. Daryl V. Burckel will succeed Dan L. Donald, Jr. as Chairman effective Feb 1, 2026.
Positive
- Stockholders' equity +$20.6M to $103.1M
- Tangible book value per share +26% to $28.88
- Total deposits increase of $91.6M year-to-date
- Total assets grew to $1.3B
Negative
- Net charge-offs rose to $440,000 for the twelve months (+76%)
- Quarterly ROE declined from 16.36% (Q3 2025) to 12.93% (Q4 2025, -21%)
News Market Reaction – JDVB
In the Jan 23 session, JDVB gained 0.73%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
JENNINGS, LA / ACCESS Newswire / January 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 twelve-month periods ended December 31, 2025.
Net income is
For the twelve-month period ended December 31, 2025, net income is
Paul Brummett, II, CEO commented, "Our team, our commitment to "Community," and our disciplined strategy execution led to successful results for 2025. As we move forward into 2026, we will continue to build the infrastructure to serve our new markets and enhance services in our existing markets. During 2025, we were honored to be recognized as one of the best banks in the country to work for by the American Banker magazine. Overall, I am pleased with the performance of the Company and our team's commitment to being "Louisiana's Community Bank.""
Asset Quality
Loans past due 30 to 89 days as of December 31, 2025, total
The Bank recorded a provision of
Net Interest Income
Net interest income for the current quarter is
Total interest income on all earning assets for the current quarter is
Total interest expense is
Net interest income for the current twelve-month period is
The net interest margin is
We continue to strive to improve our loan to deposit ratio, transitioning lower yielding assets into higher yielding asset categories. Our loan to deposit ratio has decreased from
Non-Interest Income
Total non-interest income is
Higher mortgage rates continue to negatively impact the gains on the sale of originated mortgage loans. Gains on the sale of originated mortgages is
Other non-interest income is
Non-interest income for the twelve-month period ended December 31, 2025, is
Non-Interest Expense
Total non-interest expense is
Occupancy expense is
Data processing expense is
Non-interest expense for the twelve-month period ended December 31, 2025, is
Income tax expense is
Balance Sheet
Total assets are
Total deposits increased by
Stockholders' equity increased by
Tangible book value per common share is
Key Performance Ratios
Return on average assets (ROA) declined to
Chairman Succession
The Company announced that at its regularly scheduled meeting on January 20, 2026, that Dr. Daryl V. Burckel has been appointed as Chairman of the Board of JD Bancshares, Inc. and JD Bank, the Company's banking subsidiary, effective February 1, 2026. Dr. Burckel will succeed long-time Chairman Dan L. Donald, Jr., who announced his intention to retire as Chairman, effective January 31, 2026. Mr. Donald intends to continue his service as a director of the Company and JD Bank and to stand for re-election to both boards.
Mr. Donald has served as a director of the Company and JD Bank since 1979, and as Chairman of the Board of the Company and JD Bank since 2011 and 2010, respectively. Mr. Donald also served as President and Chief Executive Officer of the Company and JD Bank from 1996-2012 and then again in 2019, and his long and storied history with the bank dates back almost 65 years to his days as a teller at age 16.
"My decision to step down as Chairman reflects my confidence in the strong bench of directors and senior management that we have developed over the years," stated Chairman Donald. "While I am retiring as Chairman, my commitment to JD Bancshares remains unwavering, and I intend to stay actively involved as a director for many years to come. My family will also continue to be principal shareholders. However, it's time to pass the torch to new leadership at the Board level, and I can't think of a more capable successor. Daryl has demonstrated a commitment to our markets for decades, shown strength and vision in leadership over his tenure as President of McNeese State University and has been an active and engaged member of our Board for more than 15 years."
"I am honored to have the opportunity to lead this group of active and diverse board members who share a vision of an organization committed to the values of community banking, capable of adapting in an evolving financial services industry, and focused on delivering an attractive return to our shareholders," said incoming Chairman Burckel. "As a Board, we view this transition not as a change in direction, but as a continuation of the long-held principles that have made JD Bank a strong and reliable partner for the many businesses, professionals and consumers who are based in or serve our markets."
Dr. Burckel has served as a director of the Company and JD Bank since 2009 and currently serves as Chair of the bank's Investment/Asset Liability (ALCO) Committee and its Trust Committee. A long-time resident of Lake Charles, Louisiana, Dr. Burckel serves as a Professor of Accounting in the McNeese State University College of Business and holds the Arthur Hollins Professorship in Accounting. He has over 39 years of higher education and industry experience. In July 2017, Dr. Burckel was selected as the seventh president of McNeese State University and served seven years through June 2024. Prior to assuming the presidency, he served the university as an administrator and professor in the College of Business.
As President of McNeese State University, he was responsible for the mission of educating, preparing and developing the future work force for southwest Louisiana's economy. During his tenure, he was integrally involved in leading the university through a number of critical challenges, including the COVID-19 pandemic and the development of virtual learning environments, and four declared natural disasters occurring within one year, which resulted in
Dr. Burckel is a graduate of McNeese State University, where he earned a Bachelor of Science in Accounting and a Master of Business Administration, and Mississippi State University, where he earned his PhD in Accounting. He attended McNeese on a football scholarship where he was starting middle linebacker for the Cowboys on two Southland Conference championship teams. He was awarded one of four national NCAA-Postgraduate Scholarships that he used to earn his MBA, and he is a member of the McNeese Hall of Fame. Dr. Burckel is also a veteran of the United States Army Reserve, where he served honorably in Operation Desert Storm.
Dr. Burckel started his academic career at McNeese in 1986 and later held faculty positions at the University of New Orleans and Mississippi State University. He rejoined the McNeese faculty in 1992, and he served as head of the McNeese Department of Accounting, Finance and Economics.
Dr. Burckel is also a certified public accountant and a certified valuation analyst and his areas of expertise include financial analysis, business valuation of closely-held business interests, and taxation. He has performed extensive consulting work for local and state governmental agencies, small businesses and companies, and served as a member of numerous boards and professional organizations, including the Lake Charles Harbor & Terminal District, the Louisiana Land Trust, the Louisiana Housing Corporation and the Council for a Better Louisiana.
Daryl and wife, Mary, have been married for forty-five years and have two daughters and four grandchildren.
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.
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 | Actual | $ Variance | % Variance | |||||||||||||
Assets | ||||||||||||||||
Cash and due from banks | 24,531,382 | 23,114,444 | 1,416,938 | 6.1 | ||||||||||||
Interest bearing deposits with banks | 47,810,267 | 35,765,026 | 12,045,241 | 33.7 | ||||||||||||
Investment Securities - Taxable | 220,454,338 | 223,870,862 | (3,416,524 | ) | (1.5 | ) | ||||||||||
Investment Securities - Tax-exempt | 122,277,394 | 122,992,133 | (714,739 | ) | (0.6 | ) | ||||||||||
Mortgage loans held for sale | 633,782 | 321,983 | 311,799 | 96.8 | ||||||||||||
Loans, net of unearned income | 771,115,361 | 726,030,139 | 45,085,222 | 6.2 | ||||||||||||
Less: Allowance for credit losses | (8,893,255 | ) | (9,121,621 | ) | 228,366 | (2.5 | ) | |||||||||
Premises and equipment, net | 29,150,334 | 21,017,630 | 8,132,704 | 38.7 | ||||||||||||
Accrued interest receivable | 5,123,565 | 4,983,070 | 140,495 | 2.8 | ||||||||||||
Other real estate | 2,950,546 | 2,204,968 | 745,578 | 33.8 | ||||||||||||
Other assets | 42,989,593 | 45,491,024 | (2,501,431 | ) | (5.5 | ) | ||||||||||
Total Assets | 1,258,143,307 | 1,196,669,658 | 61,473,649 | 5.1 | ||||||||||||
Liabilities | ||||||||||||||||
Non-Interest Bearing Deposits | 234,684,101 | 224,044,996 | 10,639,105 | 4.7 | ||||||||||||
Interest bearing demand deposits | 339,233,118 | 311,787,150 | 27,445,968 | 8.8 | ||||||||||||
Savings and Money Market Deposits | 324,205,335 | 301,157,091 | 23,048,244 | 7.7 | ||||||||||||
Time Deposits - Retail | 220,393,058 | 189,885,577 | 30,507,481 | 16.1 | ||||||||||||
Total Deposits | 1,118,515,612 | 1,026,874,814 | 91,640,798 | 8.9 | ||||||||||||
Accrued expenses and other liabilities | 6,634,247 | 7,473,393 | (839,146 | ) | (11.2 | ) | ||||||||||
Other Borrowings | 29,873,430 | 79,819,027 | (49,945,597 | ) | (62.6 | ) | ||||||||||
Total Liabilities | 1,155,023,289 | 1,114,167,234 | 40,856,055 | 3.7 | ||||||||||||
Equity | ||||||||||||||||
Common stock | 21,412,156 | 21,381,956 | 30,200 | 0.1 | ||||||||||||
Capital surplus | 10,320,490 | 10,267,070 | 53,420 | 0.5 | ||||||||||||
Retained earnings | 97,093,150 | 88,214,577 | 8,878,573 | 10.1 | ||||||||||||
Accumulated other comprehensive income (loss) | (25,121,300 | ) | (36,798,274 | ) | 11,676,974 | (31.7 | ) | |||||||||
Less: unearned stock awards | (584,478 | ) | (562,905 | ) | (21,573 | ) | 3.8 | |||||||||
Total Equity | 103,120,018 | 82,502,424 | 20,617,594 | 25.0 | ||||||||||||
Total Liabilities & Equity | 1,258,143,307 | 1,196,669,658 | 61,473,649 | 5.1 | ||||||||||||
JD BANCSHARES, INC. AND SUBSIDIARIES
JENNINGS, LOUISIANA
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
QTD | QTD | $ Variance | % Variance | QTD | $ Variance | % Variance | ||||||||||||||||||||||
Interest Income | ||||||||||||||||||||||||||||
Interest on Loans | 13,038,676 | 13,117,997 | (79,321 | ) | (0.6 | ) | 11,948,621 | 1,090,055 | 9.1 | |||||||||||||||||||
Mortgage Loans Held For Sale | 5,015 | 7,084 | (2,069 | ) | (29.2 | ) | 2,948 | 2,067 | 70.1 | |||||||||||||||||||
Interest on deposits with banks | 168,738 | 181,534 | (12,796 | ) | (7.0 | ) | 241,293 | (72,555 | ) | (30.1 | ) | |||||||||||||||||
Investment Securities - Taxable | 1,452,225 | 1,493,302 | (41,077 | ) | (2.8 | ) | 1,643,483 | (191,258 | ) | (11.6 | ) | |||||||||||||||||
Investment Securities - Tax-exempt | 776,339 | 750,573 | 25,766 | 3.4 | 769,027 | 7,312 | 1.0 | |||||||||||||||||||||
Total Interest Income | 15,440,993 | 15,550,490 | (109,497 | ) | (0.7 | ) | 14,605,372 | 835,621 | 5.7 | |||||||||||||||||||
Interest Expense | ||||||||||||||||||||||||||||
Interest bearing demand deposits | 373,679 | 364,748 | 8,931 | 2.4 | 373,234 | 445 | 0.1 | |||||||||||||||||||||
Savings and Money Market Deposits | 857,851 | 840,013 | 17,838 | 2.1 | 711,477 | 146,374 | 20.6 | |||||||||||||||||||||
Time Deposits - Retail | 1,978,606 | 1,977,244 | 1,362 | 0.1 | 1,774,820 | 203,786 | 11.5 | |||||||||||||||||||||
Time Deposits - Wholesale | - | - | - | - | 16,384 | (16,384 | ) | (100.0 | ) | |||||||||||||||||||
Total Interest Expense on Deposits | 3,210,136 | 3,182,005 | 28,131 | 0.9 | 2,875,915 | 334,221 | 11.6 | |||||||||||||||||||||
FHLB Advances | 135,570 | 334,286 | (198,716 | ) | (59.4 | ) | - | 135,570 | - | |||||||||||||||||||
Interest on other borrowings | 317,482 | 318,507 | (1,025 | ) | (0.3 | ) | 924,461 | (606,979 | ) | (65.7 | ) | |||||||||||||||||
Total Interest Expense | 3,663,188 | 3,834,798 | (171,610 | ) | (4.5 | ) | 3,800,376 | (137,188 | ) | (3.6 | ) | |||||||||||||||||
Net Interest Income | 11,777,805 | 11,715,692 | 62,113 | 0.5 | 10,804,996 | 972,809 | 9.0 | |||||||||||||||||||||
Provision for credit losses | 115,842 | (338,538 | ) | 454,380 | (134.2 | ) | 145,660 | (29,818 | ) | (20.5 | ) | |||||||||||||||||
Net In. Inc. After Prov. for Credit Losses | 11,661,963 | 12,054,230 | (392,267 | ) | (3.3 | ) | 10,659,336 | 1,002,627 | 9.4 | |||||||||||||||||||
Non Interest Income | ||||||||||||||||||||||||||||
Service charges and fees | 2,136,242 | 2,142,126 | (5,884 | ) | (0.3 | ) | 2,100,515 | 35,727 | 1.7 | |||||||||||||||||||
Mortgage loan and related fees | 127,296 | 114,608 | 12,688 | 11.1 | 85,339 | 41,957 | 49.2 | |||||||||||||||||||||
Other noninterest income | 617,651 | 625,020 | (7,369 | ) | (1.2 | ) | 595,278 | 22,373 | 3.8 | |||||||||||||||||||
Total Non Interest Income | 2,881,189 | 2,881,754 | (565 | ) | (0.0 | ) | 2,781,132 | 100,057 | 3.6 | |||||||||||||||||||
Non Interest Expense | ||||||||||||||||||||||||||||
Salaries and employee benefits | 5,553,550 | 5,861,841 | (308,291 | ) | (5.3 | ) | 5,309,295 | 244,255 | 4.6 | |||||||||||||||||||
Occupancy | 1,363,216 | 1,350,181 | 13,035 | 1.0 | 1,525,873 | (162,657 | ) | (10.7 | ) | |||||||||||||||||||
Advertising and public relations | 350,464 | 374,451 | (23,987 | ) | (6.4 | ) | 349,012 | 1,452 | 0.4 | |||||||||||||||||||
Data Processing | 1,283,432 | 1,218,953 | 64,479 | 5.3 | 865,519 | 417,913 | 48.3 | |||||||||||||||||||||
Other noninterest expense | 1,777,021 | 1,568,015 | 209,006 | 13.3 | 1,703,802 | 73,219 | 4.3 | |||||||||||||||||||||
Total Non Interest Expense | 10,327,683 | 10,373,441 | (45,758 | ) | (0.4 | ) | 9,753,501 | 574,182 | 5.9 | |||||||||||||||||||
Income Before Taxes | 4,215,469 | 4,562,543 | (347,074 | ) | (7.6 | ) | 3,686,967 | 528,502 | 14.3 | |||||||||||||||||||
Income taxes | 982,599 | 785,308 | 197,291 | 25.1 | 441,471 | 541,128 | 122.6 | |||||||||||||||||||||
Net Income | 3,232,870 | 3,777,235 | (544,365 | ) | (14.4 | ) | 3,245,496 | (12,626 | ) | (0.4 | ) | |||||||||||||||||
Per common share data: | ||||||||||||||||||||||||||||
Earnings | $ | 0.94 | $ | 1.10 | $ | 0.95 | ||||||||||||||||||||||
Weighted average number of shares outstanding | 3,433,035 | 3,433,113 | 3,428,159 | |||||||||||||||||||||||||
JD BANCSHARES, INC. AND SUBSIDIARIES
JENNINGS, LOUISIANA
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
YTD | YTD | $ Variance | % Variance | |||||||||||||
Interest Income | ||||||||||||||||
Interest on Loans | 50,445,780 | 46,450,566 | 3,995,214 | 8.6 | ||||||||||||
Mortgage Loans Held For Sale | 19,828 | 14,338 | 5,490 | 38.3 | ||||||||||||
Interest on deposits with banks | 740,399 | 1,167,996 | (427,597 | ) | (36.6 | ) | ||||||||||
Investment Securities - Taxable | 6,023,076 | 6,939,902 | (916,826 | ) | (13.2 | ) | ||||||||||
Investment Securities - Tax-exempt | 3,043,631 | 3,094,438 | (50,807 | ) | (1.6 | ) | ||||||||||
Total Interest Income | 60,272,714 | 57,667,240 | 2,605,474 | 4.5 | ||||||||||||
Interest Expense | ||||||||||||||||
Interest bearing demand deposits | 1,453,944 | 1,407,645 | 46,299 | 3.3 | ||||||||||||
Savings and Money Market Deposits | 3,232,261 | 2,468,008 | 764,253 | 31.0 | ||||||||||||
Time Deposits - Retail | 7,703,860 | 6,224,951 | 1,478,909 | 23.8 | ||||||||||||
Time Deposits - Wholesale | - | 59,123 | (59,123 | ) | (100.0 | ) | ||||||||||
Total Interest Expense on Deposits | 12,390,065 | 10,159,727 | 2,230,338 | 22.0 | ||||||||||||
FHLB Advances | 837,505 | - | 837,505 | - | ||||||||||||
Interest on other borrowings | 1,287,092 | 3,689,445 | (2,402,353 | ) | (65.1 | ) | ||||||||||
Total Interest Expense | 14,514,662 | 13,849,172 | 665,490 | 4.8 | ||||||||||||
Net Interest Income | 45,758,052 | 43,818,068 | 1,939,984 | 4.4 | ||||||||||||
Provision for credit losses | 122,435 | (676,917 | ) | 799,352 | (118.1 | ) | ||||||||||
Net In. Inc. After Prov. for Credit Losses | 45,635,617 | 44,494,985 | 1,140,632 | 2.6 | ||||||||||||
Non Interest Income | ||||||||||||||||
Service charges and fees | 8,352,640 | 8,599,955 | (247,315 | ) | (2.9 | ) | ||||||||||
Mortgage loan and related fees | 415,354 | 382,387 | 32,967 | 8.6 | ||||||||||||
Other noninterest income | 2,389,385 | 2,162,750 | 226,635 | 10.5 | ||||||||||||
Total Non Interest Income | 11,157,379 | 11,145,092 | 12,287 | 0.1 | ||||||||||||
Non Interest Expense | ||||||||||||||||
Salaries and employee benefits | 22,792,877 | 21,575,502 | 1,217,375 | 5.6 | ||||||||||||
Occupancy | 5,520,439 | 5,483,226 | 37,213 | 0.7 | ||||||||||||
Advertising and public relations | 1,463,863 | 1,451,727 | 12,136 | 0.8 | ||||||||||||
Data Processing | 4,764,059 | 4,365,963 | 398,096 | 9.1 | ||||||||||||
Other noninterest expense | 6,508,646 | 6,601,019 | (92,373 | ) | (1.4 | ) | ||||||||||
Total Non Interest Expense | 41,049,884 | 39,477,437 | 1,572,447 | 4.0 | ||||||||||||
Income Before Taxes | 15,743,112 | 16,162,640 | (419,528 | ) | (2.6 | ) | ||||||||||
Income taxes | 2,880,774 | 2,529,815 | 350,959 | 13.9 | ||||||||||||
Net Income | 12,862,338 | 13,632,825 | (770,487 | ) | (5.7 | ) | ||||||||||
Per common share data: | ||||||||||||||||
Earnings | $ | 3.75 | $ | 3.98 | ||||||||||||
Weighted average number of shares outstanding | 3,430,847 | 3,426,420 | ||||||||||||||
JD BANCSHARES, INC. AND SUBSIDIARIES
Margin Analysis Compare
Average Yield and Rate | Average Funds | Interest Income/Expense | ||||||||||||||||||||||||||||||||||
QTD | QTD | Change | QTD | QTD | Change | QTD | QTD | Change | ||||||||||||||||||||||||||||
Earning Assets | ||||||||||||||||||||||||||||||||||||
Loans | 6.74 | 6.52 | 0.22 | 768,052,576 | 729,435,925 | 38,616,651 | 13,038,676 | 11,948,621 | 1,090,055 | |||||||||||||||||||||||||||
Loan fees | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||
Loans with fees | 6.74 | 6.52 | 0.22 | 768,052,576 | 729,435,925 | 38,616,651 | 13,038,676 | 11,948,621 | 1,090,055 | |||||||||||||||||||||||||||
Mortgage loans held for sale | 5.93 | 6.33 | (0.40 | ) | 338,365 | 186,300 | 152,065 | 5,015 | 2,948 | 2,067 | ||||||||||||||||||||||||||
Deposits with banks | 3.84 | 4.66 | (0.82 | ) | 17,439,157 | 20,608,787 | (3,169,629 | ) | 168,653 | 241,293 | (72,640 | ) | ||||||||||||||||||||||||
Investment securities - taxable | 2.27 | 2.40 | (0.13 | ) | 256,454,762 | 273,815,496 | (17,360,734 | ) | 1,452,225 | 1,643,483 | (191,258 | ) | ||||||||||||||||||||||||
Investment securities - tax-exempt | 3.22 | 3.15 | 0.07 | 121,966,959 | 123,534,382 | (1,567,422 | ) | 776,339 | 769,027 | 7,312 | ||||||||||||||||||||||||||
Total Earning Assets | 5.34 | 5.14 | 0.20 | 1,164,251,819 | 1,147,580,889 | 16,670,930 | 15,440,908 | 14,605,373 | 835,535 | |||||||||||||||||||||||||||
Interest bearing liabilities | ||||||||||||||||||||||||||||||||||||
Interest bearing demand | 0.51 | 0.50 | 0.01 | 292,291,366 | 297,271,702 | (4,980,336 | ) | 373,679 | 373,234 | 444 | ||||||||||||||||||||||||||
Savings and Money Market | 1.06 | 0.93 | 0.13 | 320,733,627 | 302,809,143 | 17,924,484 | 857,851 | 711,477 | 146,374 | |||||||||||||||||||||||||||
Time deposits - Retail | 3.54 | 3.83 | (0.29 | ) | 221,547,691 | 184,405,638 | 37,142,053 | 1,978,606 | 1,774,820 | 203,786 | ||||||||||||||||||||||||||
Time Deposits - Wholesale | - | 3.98 | (3.98 | ) | - | 1,636,133 | (1,636,133 | ) | - | 16,384 | (16,384 | ) | ||||||||||||||||||||||||
Total interest bearing deposits | 1.53 | 1.46 | 0.07 | 834,572,684 | 786,122,616 | 48,450,067 | 3,210,136 | 2,875,915 | 334,221 | |||||||||||||||||||||||||||
Federal home Loan Bank advances | 4.08 | - | 4.08 | 13,010,870 | - | 13,010,870 | 135,570 | - | 135,570 | |||||||||||||||||||||||||||
Other borrowings | 4.15 | 4.53 | (0.38 | ) | 29,903,818 | 79,921,773 | (50,017,954 | ) | 317,482 | 924,461 | (606,979 | ) | ||||||||||||||||||||||||
Total borrowed funds | 4.13 | 4.53 | (0.40 | ) | 42,914,688 | 79,921,773 | (37,007,085 | ) | 453,052 | 924,461 | (471,409 | ) | ||||||||||||||||||||||||
Total interest-bearing liabilities | 1.65 | 1.74 | (0.09 | ) | 877,487,371 | 866,044,389 | 11,442,982 | 3,663,188 | 3,800,377 | (137,189 | ) | |||||||||||||||||||||||||
Net interest rate spread | 3.69 | 3.40 | 0.29 | 11,777,720 | 10,804,997 | 972,724 | ||||||||||||||||||||||||||||||
Effect of non-interest bearing deposits | (0.35 | ) | (0.37 | ) | 0.02 | 239,041,037 | 230,828,663 | 8,212,373 | ||||||||||||||||||||||||||||
Cost of funds | 1.30 | 1.37 | (0.07 | ) | ||||||||||||||||||||||||||||||||
Net interest margin | 4.09 | 3.83 | 0.27 | |||||||||||||||||||||||||||||||||
JD BANCSHARES, INC. AND SUBSIDIARIES
Margin Analysis Compare
Average Yield and Rate | Average Funds | Interest Income/Expense | ||||||||||||||||||||||||||||||||||
YTD | YTD | Change | YTD | YTD | Change | YTD | YTD | Change | ||||||||||||||||||||||||||||
Earning Assets | ||||||||||||||||||||||||||||||||||||
Loans | 6.70 | 6.51 | 0.19 | 752,795,983 | 713,919,749 | 38,876,234 | 50,445,780 | 46,450,566 | 3,995,213 | |||||||||||||||||||||||||||
Loan fees | - | - | - | - | - | - | - | - | - | |||||||||||||||||||||||||||
Loans with fees | 6.70 | 6.51 | 0.19 | 752,795,983 | 713,919,749 | 38,876,234 | 50,445,780 | 46,450,566 | 3,995,213 | |||||||||||||||||||||||||||
Mortgage loans held for sale | 6.61 | 7.14 | (0.53 | ) | 299,768 | 200,728 | 99,040 | 19,828 | 14,338 | 5,490 | ||||||||||||||||||||||||||
Deposits with banks | 4.24 | 5.31 | (1.07 | ) | 17,469,677 | 22,007,851 | (4,538,174 | ) | 740,399 | 1,167,996 | (427,597 | ) | ||||||||||||||||||||||||
Investment securities - taxable | 2.29 | 2.48 | (0.19 | ) | 262,700,463 | 279,607,266 | (16,906,803 | ) | 6,023,076 | 6,939,902 | (916,826 | ) | ||||||||||||||||||||||||
Investment securities - tax-exempt | 3.17 | 3.14 | 0.03 | 121,641,892 | 124,832,289 | (3,190,397 | ) | 3,043,631 | 3,094,438 | (50,808 | ) | |||||||||||||||||||||||||
Total Earning Assets | 5.29 | 5.13 | 0.16 | 1,154,907,782 | 1,140,567,883 | 14,339,899 | 60,272,714 | 57,667,241 | 2,605,473 | |||||||||||||||||||||||||||
Interest bearing liabilities | ||||||||||||||||||||||||||||||||||||
Interest bearing demand | 0.49 | 0.48 | 0.01 | 295,369,720 | 294,247,673 | 1,122,047 | 1,453,944 | 1,407,645 | 46,299 | |||||||||||||||||||||||||||
Savings and Money Market | 1.02 | 0.80 | 0.22 | 317,214,781 | 307,259,602 | 9,955,178 | 3,232,261 | 2,468,008 | 764,252 | |||||||||||||||||||||||||||
Time deposits - Retail | 3.67 | 3.71 | (0.04 | ) | 209,854,962 | 167,815,371 | 42,039,591 | 7,703,860 | 6,224,951 | 1,478,909 | ||||||||||||||||||||||||||
Time Deposits - Wholesale | - | 4.80 | (4.80 | ) | - | 1,230,941 | (1,230,941 | ) | - | 59,123 | (59,123 | ) | ||||||||||||||||||||||||
Total interest bearing deposits | 1.51 | 1.32 | 0.19 | 822,439,462 | 770,553,587 | 51,885,875 | 12,390,065 | 10,159,728 | 2,230,337 | |||||||||||||||||||||||||||
Federal home Loan Bank advances | 4.33 | 11.16 | (6.83 | ) | 19,057,534 | 3 | 19,057,532 | 837,505 | - | 837,505 | ||||||||||||||||||||||||||
Other borrowings | 4.20 | 4.53 | (0.33 | ) | 30,255,088 | 80,034,352 | (49,779,265 | ) | 1,287,092 | 3,689,445 | (2,402,354 | ) | ||||||||||||||||||||||||
Total borrowed funds | 4.25 | 4.53 | (0.28 | ) | 49,312,622 | 80,034,355 | (30,721,733 | ) | 2,124,597 | 3,689,446 | (1,564,849 | ) | ||||||||||||||||||||||||
Total interest-bearing liabilities | 1.66 | 1.62 | 0.04 | 871,752,084 | 850,587,942 | 21,164,142 | 14,514,662 | 13,849,173 | 665,489 | |||||||||||||||||||||||||||
Net interest rate spread | 3.63 | 3.51 | 0.12 | 45,758,052 | 43,818,067 | 1,939,985 | ||||||||||||||||||||||||||||||
Effect of non-interest bearing deposits | (0.35 | ) | (0.36 | ) | 0.01 | 235,637,077 | 243,076,675 | (7,439,598 | ) | |||||||||||||||||||||||||||
Cost of funds | 1.31 | 1.26 | 0.05 | |||||||||||||||||||||||||||||||||
Net interest margin | 4.03 | 3.92 | 0.12 | |||||||||||||||||||||||||||||||||
JD BANCSHARES, INC. AND SUBSIDIARIES
SUPPLEMENTAL FINANCIAL INFORMATION
Financial Ratios | ||||||||||||||||||||
For the Twelve | For the Twelve | |||||||||||||||||||
For the Qtr | For the Qtr | For the Qtr | Months | Months | ||||||||||||||||
Ended | Ended | Ended | Ended | Ended | ||||||||||||||||
December 31, 2025 | September 30, 2025 | December 31, 2024 | December 31, 2025 | December 31, 2024 | ||||||||||||||||
Performance Ratios | ||||||||||||||||||||
Return on Average Assets (ROA) | 1.05 | % | 1.23 | % | 1.08 | % | 1.07 | % | 1.16 | % | ||||||||||
ROA based on Pre-tax, pre-provision operating income | 1.42 | % | 1.40 | % | 1.31 | % | 1.34 | % | 1.35 | % | ||||||||||
Return on Average Equity (ROE) | 12.93 | % | 16.36 | % | 14.54 | % | 14.18 | % | 17.16 | % | ||||||||||
ROE based on Pre-tax, pre-provision operating income | 17.52 | % | 18.51 | % | 17.59 | % | 17.77 | % | 19.98 | % | ||||||||||
Earnings per Share | $ | 0.94 | $ | 1.10 | $ | 0.95 | $ | 3.75 | $ | 3.98 | ||||||||||
Net Interest Margin | 4.09 | % | 4.07 | % | 3.83 | % | 4.03 | % | 3.92 | % | ||||||||||
Efficiency Ratio ** | 69.13 | % | 69.77 | % | 70.04 | % | 70.69 | % | 70.07 | % | ||||||||||
Non-Interest Income as a % of Avg. Assets** | 0.93 | % | 0.94 | % | 0.93 | % | 0.93 | % | 0.94 | % | ||||||||||
Non-Interest Expense as a % of Avg. Assets** | 3.33 | % | 3.37 | % | 3.22 | % | 3.39 | % | 3.31 | % | ||||||||||
As of | As of | |||||||||||||||||||
December 31, 2025 | December 31, 2024 | |||||||||||||||||||
Bank Level Capital Ratios: | ||||||||||||||||||||
Tier 1 Leverage Ratio | 11.34 | % | ||||||||||||||||||
Common Equity Tier 1 Ratio | 16.25 | % | ||||||||||||||||||
Tier 1 Risk-Based Capital Ratio | 16.25 | % | ||||||||||||||||||
Total Risk-Based Capital Ratio | 17.35 | % | ||||||||||||||||||
Company: | ||||||||||||||||||||
Tangible Equity / Total Assets | 7.86 | % | 6.55 | % | ||||||||||||||||
Tangible Book Value per Share | $ | 28.88 | $ | 22.89 | ||||||||||||||||
Reconcilement of GAAP to Pre-tax, Pre-Provision Operating Income: | ||||||||||||||||||||
For the Twelve | For the Twelve | |||||||||||||||||||
For the Qtr | For the Qtr | For the Qtr | Months | Months | ||||||||||||||||
Ended | Ended | Ended | Ended | Ended | ||||||||||||||||
December 31, 2025 | September 30, 2025 | December 31, 2024 | December 31, 2025 | December 31, 2024 | ||||||||||||||||
Net Income (GAAP) | $ | 3,232,870 | $ | 3,777,235 | $ | 3,245,496 | $ | 12,862,338 | $ | 13,632,825 | ||||||||||
Provision for Loan Lossess | 115,842 | (338,538 | ) | 145,660 | 122,435 | (676,917 | ) | |||||||||||||
Net (Gain) Loss on OREO | 51,212 | 50,180 | 94,074 | 246,656 | 387,157 | |||||||||||||||
Net (Gain) Loss on Securities | - | - | - | - | - | |||||||||||||||
Non-recurring Expenses | - | - | - | - | - | |||||||||||||||
Income Tax Expense | 982,599 | 785,308 | 441,471 | 2,880,774 | 2,529,815 | |||||||||||||||
Pre-tax, Pre-Provision Operating Income | $ | 4,382,523 | $ | 4,274,185 | $ | 3,926,701 | $ | 16,112,203 | $ | 15,872,880 | ||||||||||
** Non-recurring items are eliminated for this ratio | ||||||||||||||||||||
SOURCE: JD Bancshares, Inc.
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