JD Bancshares, Inc. Reports Improved Financial Results for Q2 2021

PRESS RELEASE 
July 26, 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 Improved Financial Results for Q2 2021

Jennings, Louisiana – July 26, 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 six month periods ended June 30, 2021.

Net income for the three-month period ended June 30, 2021 is $2,593,570 or $1.51 per common share compared  to $1,919,989 or $1.12 per share for the linked quarter ended March 31, 2021 and $1,648,997 or $0.96 per share  for the prior year quarter ended June 30, 2020. Net income for the current period increased by 35% and 57%  over the linked and prior year periods, respectively. Pre-tax, pre-provision operating income for the quarter  ended June 30, 2021 is $3,222,715, reflecting a 13% increase over both the $2,852,906 for the March 31, 2021  quarter and $2,847,643 for the quarter ended June 30, 2020. Pre-tax, pre-provision operating income excludes  taxes, provision for loan losses, losses on the sale of other real estate owned, net gains on the sale of investment  securities and other non-recurring items. Earnings in the current period is positively impacted by increases in  net interest income and non-interest income which more than offset higher non-interest expenses.

For the six-month period ended June 30, 2021, net income is up 41% to $4,513,549 or $2.63 per share compared  to $3,206,711 or $1.87 per share for the prior year comparative period. Pre-tax, pre-provision operating  earnings for the two comparative six-month periods was $6,075,609 and $5,349,892, 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. Announces Stock Split and Second Quarter Cash Dividend

PRESS RELEASE 
July 21, 2021 
JD Bancshares, Inc. 

FOR IMMEDIATE RELEASE
For more information contact:
Bruce Elder (CEO) (337-246-5399)
Paul Brummett (CFO) (337-824-1422)
Website: www.jdbank.com

JD Bancshares, Inc. Announces Stock Split and Second Quarter Cash Dividend

Jennings, La., July 21, 2021 (ACCESSWIRE) – JD Bancshares, Inc. (the “Company”), (OTCQX: JDVB) Dan L. Donald, Jr., Chairman of the Board of Directors of JD Bancshares, Inc. (the “Company”), announced that at its regularly scheduled meeting on July 20, 2021, the Board approved a 2-for-1 stock split of the Company’s common shares. The stock split will be affected in the form of a 100% stock dividend and shareholders will receive one additional share of common stock for every one share held on the record date. The additional shares will be distributed on August 20, 2021 to shareholders of record at the close of business August 13, 2021. The Company anticipates that the outstanding shares of stock will increase from approximately 1.7 million shares to 3.4 million shares.

In addition, the Board declared a cash dividend in the amount of $0.45 per share. The cash dividend will be paid on August 6, 2021 to shareholders of record at the close of business July 30, 2021. The dividend will be paid prior to the stock split.

Bruce W. Elder, President and CEO, stated, “We are pleased to announce this stock split and believe doubling the number of shares outstanding will improve the market liquidity of shares. Additionally, we look forward to participating in an investor conference this fall to promote new interest in the Company. Our long-term business strategy includes rewarding shareholders through stock price appreciation and cash dividends.”

Additional information on the stock split, including a set of frequently asked questions, will be sent to shareholders in advance of the share distribution.

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 southwest 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 located along the Interstate 10 corridor from Lake Charles to Lafayette, Louisiana. JD Bancshares, Inc. may be accessed on its website at www.jdbank.com/investor relations.

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.