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

JD BANK NAMES CARNISHIA DAVIS OFFICE MANAGER OF LAKE ARTHUR BRANCH

PRESS RELEASE

December 28, 2020

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

JD BANK NAMES CARNISHIA DAVIS OFFICE MANAGER OF
LAKE ARTHUR BRANCH

Jennings, LA – – JD Bank is pleased to announce the promotion of Carnishia Davis to Office Manager of our Lake Arthur Branch located at 338 Arthur Ave. Davis joined JD Bank in 2016 and has worked as a Universal Banker/Floater, Deposit Service Associate and Head Teller. “JD Bank has a talented team and we are delighted to promote from within. Carnishia is a true leader and has mentored many of our new employees into becoming successful tellers and bankers,” said Bruce W. Elder, JD Bank President and CEO.

Davis will oversee daily branch operations and serve as a consumer lender for the Jeff Davis Parish area. Originally from Crowley, Davis is excited to be part of the Lake Arthur community. “I look forward to going above and beyond to assist the citizens of Lake Arthur with their banking needs. With my banking knowledge and desire to help others, I will help our customers achieve their personal and financial goals,” said Davis.

Davis is a 2019 graduate of the Louisiana Bankers Association’s Leadership School and a member of the 2020-2021 class of Leadership Excel. In her free time, Davis is a member and volunteer for New Testament Ministries II.

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 ANNOUNCES PROMOTION OF TAMICA CAMPBELL TO AVP OFFICE MANAGER

PRESS RELEASE

December 16, 2020

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

JD BANK ANNOUNCES PROMOTION OF TAMICA CAMPBELL TO AVP OFFICE MANAGER

Jennings, LA – JD Bank is pleased to announce the promotion of Tamica Campbell to AVP Office Manager of our branch located at 300 Verot School Road in Lafayette. With over 20 years of banking experience, Campbell joined JD Bank in 2018 as a Loan Review Associate. “With the retirement of our current branch manager, I am pleased that Tamica has decided to take on this new role with JD Bank. She is an experienced banker, who will be a vital leader as we grow our presence in Lafayette,” said Bruce W. Elder, President & CEO of JD Bank.

In this role, Campbell will oversee the daily operations of the Verot School Road Branch and serve as a consumer lender for JD Bank’s Acadiana market. Originally from Abbeville, Campbell has a wealth of experience in Retail Banking in Lafayette. She started her banking career as a part-time teller and has worked her way up as a Customer Service Associate, Teller Supervisor, Relationship Banker, Financial Service Associate, Assistant Branch Manager, and Loan Review Associate. Campbell says, “I look forward to serving my community and building new and lasting relationships with my customers and the entire
Lafayette area. I experience a deep sense of gratitude and accomplishment when assisting my clients in
achieving their dreams and aspirations.”

In addition to working for JD Bank, Campbell volunteers as a Budget/Credit counselor and acting mentor
for the Non-profit organization Escape From Poverty.

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 promotes Kayla Robinson to AVP Branch Manager

PRESS RELEASE

October 28, 2020

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

JD BANK PROMOTES KAYLA ROBINSON TO AVP BRANCH MANAGER

Jennings, LA – JD Bank is pleased to announce the promotion of Kayla Robinson to AVP Branch Manager
of our Big Lake Branch located at 4904 Big Lake Road in Lake Charles. In this role, Robinson will oversee the day-to-day operations of this full-service branch, in addition to continuing in her role as a Consumer Lender. “Kayla is a talented and valuable member of the JD Bank team and under her leadership, the Big
Lake Branch will continue to grow to meet the needs of the Lake Charles community,” said Bruce W. Elder, President & CEO.

Serving most recently as the AVP Assistant Office Manager and a Consumer Lender at our McNeese Branch located on Ryan St. in Lake Charles, she joined the JD Bank team in 2013 as part of the Management Trainee Program. She is a graduate of the LBA Leadership School, Bankers School for Supervisory Training, and Leadership Southwest. “I look forward to continuing to provide excellent customer service for our valued customers while building new relationships and expanding the growth of the Big Lake branch,” said Robinson.

Kayla is a graduate of McNeese State University and a member of the Southwest Contraband Kiwanis Club and Zeta Phi Beta sorority. She and her husband, Michael, are proud parents of 3 daughters.

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 WELCOMES SHELLY BROUSSARD AS AVP BRANCH MANAGER

PRESS RELEASE

October 1, 2020

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

JD BANK WELCOMES SHELLY BROUSSARD AS AVP BRANCH MANAGER

Jennings, LA – JD Bank is pleased to announce that Shelly Broussard has joined our team as AVP Branch
Manager of our 631 E. Admiral Doyle Dr. location in New Iberia. With over 36 years of experience in finance and banking, Broussard will oversee the day to day operations of our newest location. “With her banking experience and love of the New Iberia community, Shelly is the perfect addition to our New Iberia team. She is a talented community banker with exceptional management skills,” said JD Bank President & CEO, Bruce W. Elder.

Broussard began her career in finance in 1984, during which she has served in a variety of management positions. Most recently, she worked at Regions Bank as a Team Lead and Assistant Manager. “New Iberia is my home and I look forward to helping our customers meet their financial goals,” said Broussard.

Broussard is an active member of the New Iberia Rotary Club, in which she serves as Treasurer and is a Past President. She also works with the New Iberia Chamber of Commerce as a facilitator for the Firestarter Project and is a graduate of Leadership Iberia.

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 EMPLOYEES RECEIVE PAY IT FORWARD DONATION FROM ALLEGIANCE BANK

PRESS RELEASE

September 30, 2020

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

JD BANK EMPLOYEES RECEIVE PAY IT FORWARD DONATION FROM ALLEGIANCE BANK
Pictured Left to Right: Bruce W. Elder, President & CEO, JD Bank, Steve Retzloff, Chairman, Allegiance Bank, Dan L. Donald, Jr., Chairman of the Board, JD Bank.

Jennings, LA – JD Bank has received an unexpected financial gift from the employees and directors of Houston-based Allegiance Bank. The gift is intended to help JD Bank staff impacted by the devastation of Hurricane Laura.

“On behalf of the employees of JD Bank who have suffered both property and emotional distress resulting from Hurricane Laura, we are so grateful for the donation and for the words of encouragement we’ve received from Allegiance Bank employees,” said Bruce W. Elder, President and CEO of JD Bank.

The Allegiance Bank gift comes in the spirit of paying it forward. In 2017, Connecticut based Bankwell Bank
presented a financial gift to Allegiance Bank following the devastation of Hurricane Harvey in Houston. In making the gift, Allegiance Bank Chairman Steve Retzloff said, “Paying their generosity forward to assist the impacted employees of JD Bank at this time is but one more example that together community banks do make a difference in the lives we touch. To that purpose we are indeed united. Thank you JD Bank for all you do for southern Louisiana.”

According to Allegiance Bank, JD Bank was chosen to receive this gift by an Allegiance team for representing the values that uphold the deeper meaning of being a community bank. “We look forward to the opportunity for JD Bank to pay this generosity forward ourselves,” said Elder.

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 22 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.

During this unprecedented time, JD Bank wants you to beware of scams.

During this unprecedented time, JD Bank wants you to beware of scams.

Small business owners often get calls, emails or letters from entities with motives that are far from altruistic. During the past few months, there has been a significant increase in the number of scammers trying to take advantage of businesses and individuals in light of the economic assistance coming from the Federal government. 

A good thing to keep in mind is that, “If something sounds too good to be true, it probably is too good to be true.” The SBA doesn’t offer grants to small business owners. Help from a particular business won’t increase your chances of getting government contracts. You don’t have to pay to register in System for Award Management (SAM). Scammers are getting sneakier all the time, but you can still outsmart them.

Your government – federal, state, and local – is the best source of legitimate information. While government and government-funded entities may charge fees for training and services, they will be very clear about why they are charging the fees.

If you have a question about someone contacting you, keep some things in mind.

  • Don’t release any private information (especially Social Security numbers, credit card information, or banking information) in response to an unsolicited call, letter, or email.
  • Contact the Better Business Bureau (BBB) for more information on a company before you commit to anything.
  • Contact your state’s Attorney General’s office.
  • Do a reverse search of the phone number on the internet – you’ll often find that several people have listed the number as belonging to scammers. Ask for the number if you don’t have caller ID.

Here are some tips that should help.

  • Legitimate government entities will have websites and emails that end with .gov such as https://sba.gov.
  • Search “scam” or “scams” on https://sba.gov. You’ll find many of the scams that we already know exist.
  • Report scams. Report to the BBB and to the Attorney General. If someone purports to be affiliated with the SBA, contact your SBA office.
  • Contact your SBA office if you’re not sure how to apply for small business certification programs or have other questions pertaining to your small business. We’ll do our best to help and we won’t charge you anything!

JD Bank wants to protect you and your business. It is important not to allow funds to be deposited into your account on behalf of someone else. You should NEVER share your account number, personal identification number (PIN) or password with anyone. Our team is here to help you, feel free to reach out to your local branch if you have questions about your account or if something or someone gives you cause for concern.