JD Bancshares, Inc. Reports Financial Results for Three and Twelve-Month Periods Ended December 31, 2023

PRESS RELEASE 
January 25, 2023 
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 Q3 2023

Jennings, LA., January 25, 2024 (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, 2023. 

The Company reports a net loss for the three-month period ended December 31, 2023 of $(2,213,692) or $(0.65) per share compared to net income of $3,492,852 or $1.02 per share for the linked quarter ended September 30, 2023 and $3,421,668 or $1.00 per common share for the prior year quarter ended December 31, 2022. The results for the current three-month period are impacted by the previously disclosed after-tax loss of $5,196,440 on the sale of $55.0 million of US Treasury securities in November. Pre-tax, pre-provision operating income (PTPPOI) for the current quarter is $3,910,715 compared to $4,154,284 for the linked quarter and $4,645,024 for the comparative prior year quarter. The decline in PTPPOI over the linked quarter is primarily due to increased non-interest expenses and declining non-interest income which more than offset a slight increase in net interest income. The decline in PTPPOI compared to the prior year quarter is due to a decrease in net interest income from increasing funding costs, declining non-interest income and increasing non-interest expenses. PTPPOI excludes taxes, provision for loan losses, recognized origination fees earned from the Paycheck Protection Program (PPP), net gains and losses on the sale of other real estate owned (OREO), losses on the sale of investment securities and other non-recurring items. 

For the twelve-month period ended December 31, 2023, net income is $6,580,906 or $1.92 per share compared to $12,095,763 or $3.54 per share for the prior year period ended December 31, 2022. Net income for the current year period is impacted by the after-tax losses realized on the sale of securities in November and March 2023 totaling $6,194,289. Pre-tax, pre-provision operating earnings for the two comparative twelve-month periods increased by 14.35% and are $16,720,270 compared to $14,622,568. The increase is due to a substantial increase in net interest income and partially offset by lower non-interest income and higher 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 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 22 full-service branch offices and two Loan Production/Deposit Production offices located along the Interstate 10/12 corridor from Lake Charles to Mandeville, Louisiana. JD Bancshares, Inc. may be accessed on its website at jdbank.com.

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 24, 2024 
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., October 24, 2023 (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 23, 2024, the Board voted to pay a cash dividend in the amount of $0.29 per share on February 9, 2024 to the shareholders of record on February 2, 2024.   

 

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 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 22 full-service branch offices and two Loan Production/Deposit Production offices located along the Interstate 10/12 corridor from Lake Charles to Mandeville, Louisiana.  JD Bancshares, Inc. may be accessed on its website at jdbank.com.

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 otcmarkets.com.

Contact:

Bruce Elder (CEO) 337-246-5399
Paul Brummett (CFO) 337-246-5395

JD Bancshares, Inc. and JD Bank appoint Michael A. Guillory to Board of Directors

PRESS RELEASE 
January 3, 2024 
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. and JD Bank appoint Michael A. Guillory to Board of Directors

Jennings, La., January 3, 2024 (ACCESSWIRE) –JD Bancshares, Inc. (OTCQX: JDVB) Dan L. Donald, Jr., Chairman of the Board of Directors of JD Bancshares, Inc., is pleased to announce the appointment of Guillory Oil President Michael A. Guillory to the Board of Directors effective December 19, 2023. The addition of Guillory to the board reflects JD Bancshares’ commitment to fostering growth in Louisiana and enhancing corporate governance. Guillory will serve on the boards of both JD Bancshares, Inc. and JD Bank.

“We are pleased to have Michael join the Boards of both the Bank and the Company. This is the first new addition to the Boards since May 2009, and we look forward to the fresh perspective that Michael will bring as a successful businessman in the Eunice and Lafayette markets. The depth of his experience and industry knowledge will undoubtedly strengthen our board and contribute significantly to our strategic decision-making,” stated Bruce W. Elder, President & CEO.

Guillory brings a wealth of experience and expertise to our organization with a distinguished career in the oil and gas industry. Throughout his career, Guillory has consistently demonstrated exceptional leadership, strategic vision, and a deep understanding of market dynamics. He has a proven track record of steering his company toward success in a dynamic and competitive landscape.

Serving as an active member of the Chevron Council, Valero Council, and the Louisiana Oil Marketers and Convenience Store Association, Guillory expressed excitement about joining the boards, stating, “I look forward to collaborating with the talented leadership of JD Bancshares and JD Bank and contributing to the company’s continued success in Louisiana.”


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 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 22 full-service branch offices and two Loan Production/Deposit Production offices located along the Interstate 10/12 corridor from Lake Charles to Mandeville, Louisiana.  JD Bancshares, Inc. may be accessed on its website at jdbank.com.

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 otcmarkets.com.

JD Bancshares, Inc. Announces Securities Portfolio Repositioning

PRESS RELEASE 
November 22, 2023 
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 Securities Portfolio Repositioning

Jennings, La., November 22, 2023 (ACCESSWIRE) – JD Bancshares, Inc. (the “Company”), (OTCQX: JDVB), the parent holding company of JD Bank (the “Bank”), announced that the Bank completed a transaction to reposition a portion of its investment securities portfolio. 

In November 2023 the Bank initiated a strategic securities transaction by selling approximately $54.7 million of available-for-sale securities consisting entirely of lower-yielding US Treasury securities with an average yield of 1.32% for an estimated pre-tax loss of $6.6 million. The Company expects to deploy the net proceeds into a mix of cash and higher-yielding earning assets with an expected average yield of approximately 6.67%. We estimate that the loss should be earned back in 2.8 years. The strength of our capital position allowed the Company to proactively reposition the securities portfolio, which we anticipate will provide significant future earnings benefit and safeguard against potential interest rate risk as we enter 2024. 


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 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 22 full-service branch offices and two Loan Production/Deposit Production offices located along the Interstate 10/12 corridor from Lake Charles to Mandeville, Louisiana.  JD Bancshares, Inc. may be accessed on its website at jdbank.com.

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 otcmarkets.com.

 

JD Bancshares, Inc. Reports Financial Results for Q3 2023

PRESS RELEASE 
October 26, 2023 
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 Q3 2023

Jennings, La., October 26, 2023 (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, 2023.

Net income is $3,492,852 or $1.02 per share for the three-month period ended September 30, 2023, compared to $3,216,519 or $0.94 per share for the linked quarter ended June 30, 2023 and $3,388,452 or $0.99 per share for the three-month period ended September 30, 2022. Pre-tax, pre-provision operating income for the current quarter is $4,154,284, reflecting a small decline compared to $4,373,181 and $4,261,659 for the linked and prior year quarters, respectively. Pre-tax, pre-provision operating income (PTPPI) excludes taxes, provision for loan losses, losses on the sale of other real estate owned, losses on the sale of investment securities, recognized origination fees earned from the Paycheck Protection Program (PPP) and other non-operating revenues and expenses. The decline in PTPPI between the current and linked quarter is primarily due to a combination of lower levels of net interest and non-interest income, and the decline between the current and prior year quarter is attributable to an increase in non-interest expenses and partially offset by higher net interest income.

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 24, 2023 
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., October 24, 2023 (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 23, 2023, the Board voted to pay a cash dividend in the amount of $0.27 per share on November 9, 2023 to the shareholders of record on November 2, 2023.

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 jdbank.com.

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 otcmarkets.com.

Contact:

Bruce Elder (CEO) 337-246-5399
Paul Brummett (CFO) 337-246-5395

JD Bancshares, Inc. Announces Improved Financial Results for Q2 2023

PRESS RELEASE 
July 20, 2023 
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 Q2 2023

Jennings, La., July 20, 2023 (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, 2023.

Net income for the three-month period ended June 30, 2023 is $3,216,519 or $0.94 per common share compared to $2,085,229 or $0.61 per common share for the linked quarter ended March 31, 2023 and $3,137,156 or $0.92 per share for the prior year quarter ended June 30, 2022. Pre-tax, pre-provision (PTPP) operating income for the quarter ended June 30, 2023 is $4,373,181, reflecting a 2% increase over the $4,282,092 for the linked quarter and 30% over the $3,373,737 for the prior year quarter. PTPP operating income excludes taxes, provision for credit losses, net gains or losses on the sale of other real estate owned (OREO), net losses on the sale of investment securities and other non-recurring revenue and expense items. The increase in current period PTPP operating income compared to both the linked and prior year periods is driven primarily by stronger interest income resulting from a higher volume of average loans outstanding at higher average yields and is partially offset by increased interest and 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 
July 19, 2023 
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., July 19, 2023 (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 18, 2023, the Board voted to pay a cash dividend in the amount of $0.27 per share on
August 4, 2023 to the shareholders of record on July 28, 2023.

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 jdbank.com.

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 otcmarkets.com.

Contact:

Bruce Elder (CEO) 337-246-5399
Paul Brummett (CFO) 337-246-5395

JD Bancshares, Inc. Reports Financial Results for Q1 2023

PRESS RELEASE 
April 25, 2023 
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 2023

Jennings, La., April 25, 2023 (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, 2023.

Net income for the three-month period ended March 31, 2023 is $2,085,229 or $0.61 per share compared to $3,421,668 or $1.00 per share for the linked quarter ended December 31, 2022 and $2,108,163 or $0.62 per share for the prior year period ended March 31, 2022. Pre-tax, pre-provision operating income (PTPPOI) for the current quarter is $4,211,047 compared to $4,645,024 for the linked quarter and $2,291,078 for the prior year quarter. PTPPOI excludes taxes, loan loss provision, net losses on the sale of other real estate owned (OREO), net losses on the disposal of available for sale investment securities, other than temporary impairments and the recognition of origination fees on loans made pursuant to the Paychecks Protection Program (PPP). The decrease in PTPPOI for the current period compared to the linked period is primarily due to an increase in interest expense and a decline in non-interest income. Compared to the prior year quarter, the increase in PTPPOI is due to a significant improvement in net interest income and partially offset by an increase in noninterest 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 19, 2023 
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 19, 2023 (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 18, 2023, the Board voted to pay a cash dividend in the amount of $0.27 per share on May 5, 2023 to the shareholders of record on April 28, 2023.

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 jdbank.com.

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 otcmarkets.com.



Contact:

Bruce Elder (CEO) 337-246-5399
Paul Brummett (CFO) 337-246-5395