Fifth District Bancorp, Inc. filings document governance and material-event disclosures for the holding company of Fifth District Savings Bank. Proxy materials cover annual meeting business such as director elections, auditor ratification and the company’s equity incentive plan, while Form 8-K reports record stockholder vote results and executive leadership appointments.
The filing record also reflects the public-company framework around FDSB common stock, board oversight, compensatory arrangements, Regulation FD press releases and formal shareholder voting matters for the bank holding company.
Fifth District Bancorp, Inc. held its Annual Meeting of Stockholders on May 18, 2026. Stockholders voted on the election of directors and one additional proposal.
Director Amie L. Lyons received 2,960,076 votes for and 53,103 withheld, with 1,041,836 broker non-votes. Director David C. Nolan received 2,481,863 votes for and 531,316 withheld, with 1,041,836 broker non-votes.
Another proposal received 3,974,362 votes for, 58,122 against, 22,531 abstentions, and no broker non-votes, indicating strong stockholder support.
Filer submitted a Form 144 notice reporting intended sales of Common Stock. The filing lists two intended private-placement related sales: 2,400 shares with an indicated amount of $36,000.00 and 300 shares with an indicated amount of $4,500.00, each tied to 08/20/2024. The filing names Fidelity Brokerage Services LLC as the broker and shows a filing date of 05/20/2026.
Fifth District Bancorp, Inc. reported sharply higher profitability for the quarter ended March 31, 2026. Net income rose to $387,000 from $78,000 a year earlier, with basic and diluted earnings per share increasing to $0.08 from $0.02.
Total assets were $535.7 million, little changed from $534.4 million at year-end 2025, while net loans grew to $388.4 million. Net interest income improved to $3.55 million as interest expense on deposits declined and loan interest income increased. Credit quality remained stable, with nonaccrual loans of $63,000 and an allowance for credit losses of $1.70 million. The bank reported strong regulatory capital, including a Tier 1 leverage ratio of 21.41% and a Common Equity Tier 1 ratio of 39.39%, well above well-capitalized thresholds.
Fifth District Bancorp, Inc. calls its 2026 annual stockholder meeting for May 18, 2026 at Fifth District Savings Bank’s main office in New Orleans. Stockholders will vote on electing two directors for three-year terms and ratifying EisnerAmper LLP as independent auditor for the fiscal year ending December 31, 2026.
The proxy details governance practices, board committees composed of independent directors, director compensation (for example, total 2025 fees and awards of $341,916 for Chairman David C. Nolan), and ownership data, including 5,289,348 common shares outstanding as of March 31, 2026 and an 8.4% stake held through the employee stock ownership plan.
Fifth District Bancorp, Inc. Chief Credit Officer Shane Michael Smith reported equity compensation and prior stock purchases. On February 9, 2026, he received 11,118 shares of common stock as a grant at $0.00 per share, described as restricted stock that vests at a rate of 20% per year commencing on February 9, 2027. Following this grant, his direct holdings increased to 18,502 shares of common stock.
The filing also reflects an earlier open-market purchase on August 22, 2025, when he bought 2,701 shares of common stock at $13.4536 per share, bringing his direct holdings at that time to 7,384 shares. In addition, there is an indirect holding of 629 shares held by a 401(k) Plan, providing a view of both direct and retirement-plan-based ownership.
Fifth District Bancorp, Inc. Chief Credit Officer Shane Michael Smith reported an award of 11,118 shares of common stock on February 9, 2026. This was a grant of restricted stock at $0.00 per share as compensation, not an open-market purchase.
According to a footnote, these restricted shares vest at a rate of 20% per year commencing on February 9, 2027. The filing also reflects a prior open-market purchase of 2,701 common shares at $13.4536 per share on August 22, 2025. Following the latest award, Smith holds 18,502 common shares directly, plus 7,045 shares held indirectly through a 401(k) plan.
Fifth District Bancorp, Inc. files its annual report describing a community-focused thrift holding company that completed its mutual-to-stock conversion in 2024, selling 5,459,473 shares at $10.00 per share and issuing 100,000 shares to a community foundation.
At December 31, 2025, the company had total assets of $534.4 million, loans of $376.4 million, deposits of $393.2 million, and stockholders’ equity of $129.8 million. Lending is concentrated in fixed-rate one- to four-family mortgages, which represent 86.3% of total loans, with modest exposures to construction, commercial real estate, commercial and industrial, and home equity products.
Credit quality appears strong, with non-performing assets of $586,000, equal to 0.11% of total assets, and an allowance for credit losses on loans of $1.7 million, or 0.45% of total loans. The bank is funded primarily by core deposits, has no Federal Home Loan Bank advances outstanding, and maintains significant unused borrowing capacity.
Fifth District Bancorp, Inc. Chief Credit Officer Shane Michael Smith filed an initial ownership report showing he directly holds 4,683 shares of the company’s common stock as of the reported date. This Form 3 establishes his baseline equity position as an executive officer.
AllianceBernstein L.P. reports beneficial ownership of 276,691 shares, or 5.0%, of Fifth District Bancorp Inc common stock as of 12/31/2025. The shares are held in discretionary investment advisory accounts and are described as acquired in the ordinary course of business, without any intent to change or influence control of the company.
Fifth District Savings Bank Employee Stock Ownership Plan Trust reported beneficial ownership of 444,719.35 shares of Fifth District Bancorp, Inc. common stock, representing 8.3% of the class as of 12/31/2025.
The trust has sole voting power over 400,282.20 shares and shared voting power over 44,437.15 shares. It holds sole dispositive power over all 444,719.35 shares and no shared dispositive power. The securities are stated to be held in the ordinary course of business, without the purpose or effect of changing or influencing control of the issuer.