JD Bancshares, Inc. Reports Financial Results for Periods Ended December 31, 2020

PRESS RELEASE 
January 21, 2021 
JD Bancshares, Inc. 

FOR IMMEDIATE RELEASE
For more information contact:
Bruce Elder (CEO) (337-246-5399)
Paul Brummett (EVP) (337-824-1422)
Website: www.jdbank.com
JD Bancshares, Inc. Reports Financial Results for Three and Twelve-Month Periods Ended December 31, 2020

Jennings, Louisiana –Jennings, LA., January 21, 2021 (ACCESSWIRE) – 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, 2020.

Net income is $2,303,079 or $1.48 per common share for the three-month period ended December 31, 2020 compared to $1,693,921 or $1.09 per common share for the linked quarter ended September 30, 2020 and $2,090,006 or $1.34 per share for the prior year quarter ended December 31, 2019. The economic uncertainty associated with both the COVID-19 pandemic and two major hurricanes hitting the southwest Louisiana region have resulted in larger loan loss provisions in 2020. For comparative purposes, pre-tax, pre-provision operating income provides greater insight into the financial performance of the Company. Pre-tax, pre-provision operating income for the current quarter is $2,508,474 compared to $2,637,056 for the linked quarter and $2,773,357 for the comparative prior year quarter. Pre-tax, pre-provision operating income excludes taxes, provision for loan losses, net losses on the sale of other real estate owned, gains on the sale of investment securities and net gains on the disposal of fixed assets. The current quarter was adversely impacted by an increase in non-interest expenses that were partially offset by an increase in the recognition of Small Business Administration (SBA) Paychecks Protection Program (PPP) origination fees as a portion of our PPP loans have been forgiven.

For the twelve-month period ended December 31, 2020, net income was $7,203,708 or $4.62 per share compared to $8,947,844 or $5.74 per share for the prior year comparative period. Pre-tax, pre-provision operating earnings for the two comparative twelve-month periods was $10,443,300 and $11,171,187, respectively.

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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 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 located along the Interstate 10 corridor from Lake Charles to Lafayette, Louisiana.

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 www.otcmarkets.com.

JD Bancshares, Inc. Declares Cash Dividend

PRESS RELEASE 
January 21, 2020 
JD Bancshares, Inc. 1

FOR IMMEDIATE RELEASE
For more information contact:
Bruce Elder (CEO) (337-246-5399)
Paul Brummett (EVP) (337-824-1422)
Website: www.jdbank.com
JD Bancshares, Inc. Declares Cash Dividend

Jennings, Louisiana – JD Bancshares, Inc. (OTCQX: JDVB) Dan L. Donald, Jr., Chairman of the Board of Directors of JD Bancshares, Inc., announced that at its regularly scheduled meeting on January 20, 2021, the Board voted to pay a cash dividend in the amount of $0.45 per share on February 5, 2021 to the shareholders of record on January 30, 2021.

The future impact of the COVID-19 pandemic and Hurricane Laura, has created some uncertainty in what has typically been a very stable quarterly earnings pattern for JDVB. During these uncertain times, it becomes even more important that your Company ensure appropriate levels of capital are maintained. Therefore, we will review the timing and level of future quarterly cash dividend declarations.

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 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 located along the Interstate 10 corridor from Lake Charles to Lafayette, Louisiana.

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 www.otcmarkets.com.

JD Bank Promotes Jan Talbot To VP Commercial Lender In New Iberia

PRESS RELEASE

January 7, 2021

FOR IMMEDIATE RELEASE
Contact: Ann Barilleaux, JD Bank
(337) 656-7326
ann.barilleaux@jdbank.com

JD Bank Promotes Jan Talbot To VP Commercial Lender In New Iberia

Jennings, LA – JD Bank is pleased to announce the promotion of Jan Talbot to VP Commercial Lender in New Iberia. Talbot has served as Branch Manager for the JD Bank Branch located at 529 N. Lewis Street in New Iberia since 2014. With nearly 22 years of experience in banking, she will work with business customers throughout Acadiana to help them meet their financial goals. “In her role as Branch Manager, Jan has been instrumental in developing strong, lasting banking relationships in New Iberia.  Jan is prepared for this next step in her banking career and we are excited to watch her use her talent and knowledge to provide the business community with exceptional customer experiences,” said JD Bank President & CEO, Bruce W. Elder.

Talbot started her banking career as a part-time teller at the age of 17 while in college. Recognizing her passion for banking and finance, she transitioned into a full-time position and served as a teller, personal banker, assistant branch manager, and manager. She is a graduate of Leadership Iberia Class XIX. “I’m most passionate about being communicative, dependable, and honest when working with clients.  God placed me on this earth to help people and I feel blessed to have the opportunity to do so in my role as a Commercial Lender daily,” said Talbot of her new role as Commercial Lender. 

About JD Bank

Founded in 1947, JD Bank, Louisiana’s Community Bank, offers a variety of personal and commercial lending and deposit products through both physical and digital delivery channels. JD Bank also offers both trust and investment services. JD Bank operates through 21 full service branch offices located along the Interstate 10 corridor from Lake Charles to Lafayette, Louisiana. For more information, visit www.jdbank.com or call 800-789-5159. Member FDIC. Equal Housing Lender

JD Bank is grateful for service of Victor “Vic” Stelly

PRESS RELEASE

January 4, 2021

FOR IMMEDIATE RELEASE
Contact: Ann Barilleaux, JD Bank
(337) 656-7326
ann.barilleaux@jdbank.com

JD BANK IS GRATEFUL FOR SERVICE OF VICTOR “VIC” STELLY

Jennings, LA – JD Bank is saddened by the deaths of Board Member, Victor “Vic” Stelly and his wife, Terry, on December 26, 2020. A lifelong community servant, Stelly joined the Board of Directors of both JD Bancshares, Inc. and JD Bank in June 1999. During his 21 year board tenure, he actively served on several board committees and was the board liaison to our Advisory Board in Moss Bluff. Prior to being elected to the corporate Boards, Vic served as a member of the Moss Bluff Advisory Board.

“JD Bank has lost a valuable voice and guide on our mission of community banking, but we have lost dear friends in Vic and Terry. Our loss is small compared to that of the Stelly family. Our thoughts and prayers go out to them,” said Dan L. Donald, Chairman of the Board, JD Bank and JD Bancshares, Inc.

“Vic Stelly was a visionary and valued leader; not only here at the Bank, but also at the state and community levels,” said Bruce W. Elder, JD Bank President & CEO. “His contributions and insights will leave a lasting impact on JD Bank and we are grateful for his service to our organization.”

About JD Bank

Founded in 1947, JD Bank, Louisiana’s Community Bank, offers a variety of personal and commercial lending and deposit products through both physical and digital delivery channels. JD Bank also offers both trust and investment services. JD Bank operates through 21 full service branch offices located along the Interstate 10 corridor from Lake Charles to Lafayette, Louisiana. For more information, visit www.jdbank.com or call 800-789-5159. Member FDIC. Equal Housing Lender