JD Bancshares, Inc. Announces Solid Financial Results for Q2 2022

PRESS RELEASE 
July 21, 2022 
JD Bancshares, Inc. 

FOR IMMEDIATE RELEASE
For more information contact:
Bruce Elder (CEO) (337-246-5399)
Paul Brummett (CFO) (337-246-5395)
Website: www.jdbank.com

JD Bancshares, Inc. Announces Solid Financial Results for Q2 2022

Jennings, LA., July 21, 2022 (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, 2022.  

Net income for the three-month period ended June 30, 2022 is $3,137,156 or $0.92 per common share compared  to $2,108,163 or $0.62 per common share for the linked quarter ended March 31, 2022 and $2,593,570 or $0.76  per share for the prior year quarter ended June 30, 2021. Net income for the current period increased by 49%  and 21% over the linked and prior year periods, respectively. Pre-tax, pre-provision operating income for the  quarter ended June 30, 2022 is $3,373,737, reflecting a 47% increase over the $2,291,078 for the March 31,  2022 quarter and 27% over the $2,650,453 for the quarter ended June 30, 2021. Pre-tax, pre-provision operating  income excludes taxes, provision for loan losses, net gains or losses on the sale of other real estate owned (“OREO”), net gains on the sale of investment securities, recognized origination fees earned from the Paycheck  Protection Program (“PPP”) and other non-recurring items. The increase in current period earnings compared to  both the linked and prior year periods is driven primarily by stronger net interest income resulting from  transitioning earning assets from lower yielding categories into loans and investment securities.  

For the six-month period ended June 30, 2022, net income is up 16% to $5,245,223 or $1.53 per share compared  to $4,513,549 or $1.32 per share for the prior year comparative period. Pre-tax, pre-provision operating  earnings for the two comparative six-month periods is $5,664,719 and $4,689,331, respectively.

CLICK HERE TO READ THE FULL RELEASE

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 
July 20, 2022 
JD Bancshares, Inc. 

FOR IMMEDIATE RELEASE
For more information contact:
Bruce Elder (CEO) (337-246-5399)
Paul Brummett (CFO) (337-246-5395)
Website: www.jdbank.com

JD Bancshares, Inc. Declares Cash Dividend

Jennings, La., April 20, 2022 (ACCESSWIRE) – 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 July 19, 2022, the Board voted to pay a cash dividend in the amount of $0.25 per share on  August 5, 2022 to the shareholders of record on July 29, 2022.

The amount and payment of future dividends for the JD Bancshares, Inc. common stock is determined on a quarterly basis, based on earnings, financial condition, capital requirements and other factors. 

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.

JD Bancshares, Inc. Reports Financial Results for Q1 2022

PRESS RELEASE 
April 21, 2022 
JD Bancshares, Inc. 

FOR IMMEDIATE RELEASE
For more information contact:
Bruce Elder (CEO) (337-246-5399)
Paul Brummett (CFO) (337-246-5395)
Website: www.jdbank.com

JD Bancshares, Inc. Reports Financial Results for Q1 2022

Jennings, LA., April 21, 2022 (ACCESSWIRE) – 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, 2022.

Net income for the three-month period ended March 31, 2022 is $2,108,163 or $0.62 per share compared to $2,977,470 or $0.87 per share for the linked quarter ended December 31, 2021 and $1,919,989 or $0.56 per share for the prior year period ended March 31, 2021. Pre-tax, pre-provision operating income for the current quarter was $2,291,078 compared to $3,056,080 for the linked quarter and $2,038,890 for the prior year quarter. Pre-tax, pre-provision operating income excludes taxes, loan loss provision, net losses on the sale of other real estate owned, net gains on the disposal of available for sale investment securities and the recognition of origination fees on loans made pursuant to the Paychecks Protection Program (PPP). The decrease in pre-tax, pre-provision operating earnings in the current period compared to the linked period is primarily due to a decline in non-interest income and an increase in non-interest expenses. The increase compared to the prior year quarter is due to an increase in net interest income and partially offset by increases in non-interest expenses.

CLICK HERE TO READ THE FULL RELEASE

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 
April 20, 2022 
JD Bancshares, Inc. 

FOR IMMEDIATE RELEASE
For more information contact:
Bruce Elder (CEO) (337-246-5399)
Paul Brummett (CFO) (337-246-5395)
Website: www.jdbank.com

JD Bancshares, Inc. Declares Cash Dividend

Jennings, La., April 20, 2022 (ACCESSWIRE) – 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 April 19, 2022, the Board voted to pay a cash dividend in the amount of $0.25 per share on
May 6, 2022 to the shareholders of record on April 29, 2022.

The amount and payment of future dividends for the JD Bancshares, Inc. common stock is determined on a quarterly basis, based on earnings, financial condition, capital requirements and other factors.

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.

JD Bancshares, Inc. Announces Stock Repurchase Plan

PRESS RELEASE
January 31, 2022 
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. Announces Stock Repurchase Plan

Jennings, La., January 31, 2022 (ACCESSWIRE) – JD Bancshares, Inc. (OTCQX: JDVB) (the “Company”) today announced that its Board of Directors has authorized a share repurchase plan under which the Company may repurchase up to $2.5 million of its outstanding shares of common stock through December 31, 2022.

“The announced share repurchase plan is part of a broader capital allocation strategy and demonstrates our confidence in the Company’s continued performance. We believe this is an attractive use of capital and takes steps toward creating long-term value for our investors” said Bruce W. Elder, President and CEO.

Under the repurchase program, repurchases can be made from time to time using a variety of methods, including open market purchases, all in compliance with the rules of the United States Securities and Exchange Commission and other applicable legal requirements. The Company’s decision and timing to repurchase its shares will depend on a variety of factors, including the ongoing assessment of the Company’s capital position and needs, the market price of the Company’s common stock, general market conditions and other strategic considerations, as determined by management. The repurchase program may be suspended or discontinued at any time.

CLICK HERE TO READ THE FULL RELEASE.

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. Reports Financial Results for Three and Twelve-Month Periods Ended December 31, 2021

PRESS RELEASE 
January 20, 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. Reports Financial Results for Three and Twelve-Month Periods Ended December 31, 2021

Jennings, LA., January 20, 2022 (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, 2021.

Net income is $2,977,819 or $0.87 per common share for the three-month period ended December 31, 2021 compared to $3,539,845 or $1.03 per common share for the linked quarter ended September 30, 2021 and $2,303,079 or $0.67 per share for the prior year quarter ended December 31, 2020. Although net income improved over the prior year comparative quarter, the impact of lower interest income in Q4 2021, combined with the net effect of two non-recurring items in the third quarter, resulted in a decline in net income compared to the linked quarter. Pre-tax, pre-provision operating income for the current quarter is $3,554,464 compared to $4,075,010 for the linked quarter and $2,508,474 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.

For the twelve-month period ended December 31, 2021, net income was $11,015,318 or $3.21 per share compared to $7,203,708 or $2.10 per share for the prior year comparative period. Pre-tax, pre-provision operating earnings for the two comparative twelve-month periods was $13,689,189 and $10,443,300, respectively.

READ THE FULL RELEASE HERE.

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.

JD Bancshares, Inc. Declares Cash Dividend

PRESS RELEASE 
January 20, 2022 
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. Declares Cash Dividend

Jennings, La., January 20, 2022 (ACCESSWIRE) – 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 19, 2022, the Board voted to pay a cash dividend in the amount of $0.25 per share on February 4, 2022 to the shareholders of record on January 29, 2022.

The amount and payment of future dividends for the JD Bancshares, Inc. common stock is determined on a quarterly basis, based on earnings, financial condition, capital requirements and other factors.

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.

JD Bancshares, Inc. Announces Completion of $30.0 Million Subordinated Debt Offering

PRESS RELEASE
December 15, 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. Announces Completion of $30.0 Million Subordinated Debt Offering

Jennings, La., December 15, 2021 (ACCESSWIRE) – JD Bancshares, Inc. (OTCQX: JDVB), the parent company of JD Bank, today announced the closing of a $30.0 million private placement of fixed-to-floating rate subordinated notes. The Company intends to use the net proceeds to redeem existing debt of $17.5 million, currently priced at 6.75%, and for general corporate purposes, which may include share repurchases and providing capital to the Bank to support growth.

The notes have a maturity date of December 15, 2031 and carry a fixed rate of interest of 3.75% for the first five years. Interest will be paid semi-annually beginning June 15, 2022. On December 15, 2026, the interest rate will reset quarterly to an interest rate per annum equal to the then current Three-Month Term Secured Overnight Financing Rate (SOFR) plus 264 basis points, payable quarterly in arrears. The notes include a right of prepayment, without penalty, on or after December 15, 2026. The subordinated notes have been structured to qualify as Tier 2 capital for regulatory purposes.

President and Chief Executive Officer Bruce W. Elder discussed the offering: “We are pleased to announce the successful completion of our subordinated debt offering. This new capital is non-dilutive to current shareholders and enhances our ability to continue to execute our growth strategies. The current low interest rate environment allowed us to add an additional $12.5 million in subordinated debt to that which is being redeemed without incurring any additional interest expense.”

Piper Sandler & Co served as the sole placement agent for the private offering. The Company was advised by Fenimore Kay Harrison, LLP.

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. Reports Strong Q3 2021 Financial Results

PRESS RELEASE 
October 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 Strong Q3 2021 Financial Results

Jennings, LA., October 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 nine-month periods ended September 30, 2021.

Net income is $3,539,845 or $1.03 per common share for the three-month period ended September 30, 2021 reflecting a 36.5% increase compared to $2,593,570 or $0.76 per share for the linked quarter ended June 30, 2021 and a 109.0% increase over the $1,693,921 or $0.49 per share for the prior year quarter ended September 30, 2020. Pre-tax, pre-provision operating income for the current quarter is $4,075,010 compared to $3,222,715 for the linked quarter and $2,637,056 for the comparative prior year quarter. Pre-tax, pre-provision operating income excludes taxes, provision for loan losses, gains or losses on the sale of other real estate owned, gains on the sale of investment securities and other non-operating revenues and expenses. The increase in current quarter pre-tax, pre-provision operating income is primarily due to an increase in interest income on loans as we recognized more origination fee income derived from the Small Business Administration (SBA) Paychecks Protection Program (PPP) and were able to redeploy funds received from PPP forgiveness into loans earning a current market rate of interest. Additionally, we enjoyed higher levels of non-interest income and continued to demonstrate non-interest expense control.

For the nine-month period ended September 30, 2021, net income was $8,059,912 or $2.35 per share compared to $4,900,630 or $1.43 per share for the prior year comparative period. Pre-tax, pre-provision operating earnings for the two comparative nine-month periods is $10,157,137 and $7,986,946, respectively.

CLICK HERE TO READ THE FULL RELEASE

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 
October 20, 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. Declares Cash Dividend
Jennings, La., October 20, 2021 (ACCESSWIRE) – 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 October 19, 2021, the Board voted to pay a cash dividend in the amount of $0.25 per share  on November 5, 2021 to the shareholders of record on October 29, 2021.

The amount and payment of future dividends for the JD Bancshares, Inc. common stock is determined on a quarterly basis, based on earnings, financial condition, capital requirements and other factors.

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.