Lori Mitchell

 
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Lori Mitchell

commercial lender

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Get to know Lori Mitchell, JD Bank’s Commercial Lender for the Sulphur Market.

Mitchell started her banking career in 1980 as a teller and worked her way up through the ranks as a collector, loan associate, appraisal reviewer, compliance assistant, and consumer lender. In 1995, she was hired by JD Bank and during her 17-year career served as Branch Manager for the Sulphur and Kinder branches and Commercial Lender for the Kirby St. Branch in Lake Charles. Most recently, she worked as a Commercial Lender for another local bank for six years before returning to JD Bank. “I am excited to be back home and look forward to maintaining close banking relationships with my customers,” said Mitchell.

Mitchell and her husband, Billy, reside in DeQuincy and have three married children and nine grandchildren. She is active in the community as a member of the DeQuincy Federated Service League, Secretary/Treasurer for the DeQuincy Veterans Organization, and teaches preschool for her church, Crosspoint Community Church.If you are in the market for a commercial loan in Sulphur, give Lori a call at 337-656-7340.

areas of expertise

  • Commercial Real Estate
  • Rental Investments
  • Subdivision Development
  • Spec Homes
  • RV Parks
  • Other Business Needs

About JD Bank Commercial Lending

Whether you have an established company, your business is rapidly growing or you are considering starting your own business, JD Bank Business Loans can be a key to success.

All businesses need funding. JD Bank’s Commercial Loan Officers have the lending expertise you need to go from business plan to key-in-hand, and we have created business loans for companies in a variety of Louisiana industries. We will stand with you with experienced support and insight as we work together to achieve your business goals. At JD Bank we take the success of your business personally, and our specialty is working with the people, industries and local businesses of Louisiana.

summary

Whether you’re just starting out or ready to expand, get a great business loan that fits your particular needs.

  • Great rates
  • Flexible terms
  • Personalized service
  • Experienced advisors
  • Local decision making
  • Quick approval

JD Bank Welcomes Lori Mitchell As SVP Commercial Lender

PRESS RELEASE

July 15, 2020

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

JD BANK WELCOMES LORI MITCHELL AS SVP COMMERCIAL LENDER

Jennings, LA – Lori Mitchell has joined JD Bank as SVP Commercial Lender. Mitchell will be located at the JD Bank Sulphur Branch located at 2905 Maplewood Drive. With over 38 years of experience in the banking industry, she works with business customers throughout SWLA to help them meet their financial goals through the financing of commercial real estate including rental investments, subdivision development, spec homes, RV Parks, and many other business needs. “Lori is a talented community banker with exceptional lending skills. We are delighted to have her return to our team and look forward to her growth and success at JD Bank,” said JD Bank President & CEO, Bruce W. Elder.

Mitchell started her banking career in 1980 as a teller and worked her way up through the ranks as a collector, loan associate, appraisal reviewer, compliance assistant, and consumer lender. In 1995, she
was hired by JD Bank and during her 17-year career served as Branch Manager for the Sulphur and Kinder branches and Commercial Lender for the Kirby St. Branch in Lake Charles. Most recently, she worked as a Commercial Lender for Pedestal Bank for six years before returning to JD Bank. “I am excited to be back home and look forward to maintaining close banking relationships with my customers,” said Mitchell.

Mitchell and her husband, Billy, reside in DeQuincy and have three married children and nine grandchildren. She is active in the community as a member of the DeQuincy Federated Service League, Secretary/Treasurer for the DeQuincy Veterans Organization, and teaches preschool for her church, Crosspoint Community Church.

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.

Cheryl Huval Named Manager of JD Bank Branches in Jennings

PRESS RELEASE

July 7, 2020

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

CHERYL HUVAL NAMED MANAGER OF JD BANK BRANCHES IN JENNINGS

Jennings, LA – Cheryl Huval, a Jennings native, has been named VP Branch Manager of JD Bank’s N. Main St., Roberts Ave., and W. Division branches in Jennings. In this new role Huval will oversee daily operations at the three branches. Huval, who has served as the Consumer Lender at the N. Main location, will continue to work with JD Bank customers to meet their lending needs. “Cheryl is truly dedicated to the success of her customers and to JD Bank. She is a talented and experienced banker and this promotion is well-deserved,” said Bruce W. Elder, President and CEO.

Huval began her banking career as a teller at JD Bank in 1985. She has served in various roles throughout her 35-year career, including documentation review clerk, loan processing clerk, collections, insurance clerk, and loan associate. “For the past 27 years I have been a Consumer Loan Officer. This has been my greatest achievement and source of satisfaction because it has afforded me the opportunity to serve my community in which I was able to be a small part in making dreams come true,” said Huval.

Active in the community, she is a member of the Lions Club and participates in local events, including CADA Taste and Tell, Laugh for Life, as well as assisting many other organizations throughout Jeff Davis Parish.

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 PROMOTIONS IN ACADIANA

PRESS RELEASE

July 6, 2020

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

JD BANK ANNOUNCES PROMOTIONS IN ACADIANA

Jennings, LA – JD Bank is pleased to announce the promotions of Commercial Lenders, Kevin Caswell, Lafayette, Tina Vidrine, Opelousas and Chad Hebert, New Iberia, to Senior Vice President. Caswell, Vidrine and Hebert joined JD Bank’s Commercial Lending department in 2014. “JD Bank has a talented Commercial Lending team in our Acadiana market and these promotions are well-deserve,” said Bruce W. Elder, JD Bank President and CEO. “With their combined experience and expertise in the banking industry, I look forward to the continued growth and success of our Acadiana branches.”

Caswell has more than 30 years of banking experience and specializes in commercial lending in Lafayette and the surrounding area. A Commercial Lender for the past 25 years, Caswell began his banking career as a Credit Analyst, earning the position of Senior Analyst and Credit Analysis Department Manager. From this role he transitioned into commercial lending and was credited with beginning the Commercial Banking Department for Teche Federal Bank. Caswell is active in the Lafayette community serving on the Board of Goodwill of Acadiana and the Rotary Club of Lafayette.

Vidrine has over 40 years of banking experience and specializes in commercial lending in St. Landry Parish. She has served as a Commercial Lender for the past 20 years. She previously supervised loan operations and worked with the loan review, credit analysis and special assets departments. Vidrine is very active in the Opelousas community. She is a member and Past President of the Opelousas Rotary Club receiving the prestigious Paul Harris Fellow Award. Vidrine is a graduate of LSU’s Graduate School of Banking and Leadership St. Landry.

Hebert has 30 years of banking experience and has held numerous roles through his career in Collections/Recovery, as an Assistant Manager and as a Branch Manager. He has worked as a Commercial Lender for the past 19 years. Hebert is active in the Acadiana community by serving on the Board and as past Chairman of Goodwill Industries of Acadiana, the Acadiana March of Dimes Revenue Board, and is Chair-Elect of Cadence of Acadiana. Hebert 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 BANCSHARES RANKED IN TOP 200 PUBLICLY TRADED COMMUNITY BANKS BY AMERICAN BANKER MAGAZINE

PRESS RELEASE

June 22, 2020

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

JD BANCSHARES RANKED IN TOP 200 PUBLICLY TRADED COMMUNITY BANKS BY AMERICAN BANKER MAGAZINE

Jennings, La.- JD Bancshares, Inc. (the “Company”), (OTCQX: JDVB), the parent holding company of JD Bank, is pleased to announce that it has been named to American Banker magazine’s Top 200 Publicly Traded Community Banks. The ranking is based on three-year average return on equity through December 31, 2019. The Company began trading March 16, 2020, on OTCQX under the symbol “JDVB.”

“It is an honor to be recognized on this prestigious list of community banks,” said Bruce W. Elder, JD Bank President and CEO. “Our talented team makes our success possible and this recognition provides evidence that our values, service and products are creating value for our stockholders.”

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 21
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.

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 Bancshares, Inc. Declares Cash Dividend

PRESS RELEASE

June 17, 2020

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. 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 June 16, 2020,the Board voted to pay a cash dividend in the amount of $0.59 per share on July 6, 2020 to the shareholders of record on June 26, 2020.

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 21
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 2020

PRESS RELEASE
April 24, 2020
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 Q1 2020

Jennings, La., April 23, 2020 (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, 2020.

Net income for the three-month period ended March 31, 2020 was $1,557,713 or $1.00 per common share compared to $2,040,974 or $1.31 per share for the prior year comparative period ended March 31, 2019. Financial results for the current quarter were impacted by a large addition to the Bank’s credit reserves in
consideration of losses which may result from financial distress experienced by loan customers due to the COVID-19 pandemic crisis. Due to the large provision, evaluating performance from a pre-tax, pre-provision
operating income basis provides greater insight from a comparative standpoint. Pre-tax, pre-provision operating income for the current quarter declined by $189,337 and was $2,502,249 compared to $2,691,586 for the comparative prior year quarter. Aside from taxes and loan loss provision, pre-tax, pre-provision operating income also excludes losses on the sale of other real estate owned. The decrease in earnings between the current and prior year quarter was due to a combination of lower net interest income, higher loan loss provision and non-interest expenses, offset by improved non-interest income.

CLICK HERE TO DOWNLOAD THE FULL PRESS 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.

OTC Markets Group Welcomes JD Bancshares, Inc. to OTCQX

JDVB-graphic

NEW YORKMarch 16, 2020 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced JD Bancshares, Inc. (OTCQX: JDVB), the parent company of JD Bank, has qualified to trade on the OTCQX® Best Market. JD Bancshares upgraded to OTCQX from Pink® market.

JD Bancshares begins trading today on OTCQX under the symbol “JDVB.”  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Graduating to the OTCQX Market marks an important milestone for community banks in the U.S. public markets. The OTCQX Market enables banks to maximize the value of being a public company by providing transparent trading and easy access to company information for shareholders. To qualify for OTCQX, community banks must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws.

Bruce W. Elder, President and CEO said “We are excited to upgrade JD Bancshares, Inc. to the OTCQX® Best Market and look forward to having greater visibility to the investing public.  The Company has served the southwest Louisiana market since 1947 and while we are well known in our local footprint, we look forward to telling our story and introducing JD Bank to a broader audience.”

Raymond James & Associates, Inc. acted as the company’s OTCQX sponsor.

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

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 10,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

The Pros & Cons of an FHA Loan

FHA loans are loans issued by private lenders – including by JD Bank – but backed by the Federal Housing Administration (FHA). Because they are insured by the FHA, these loans are typically the easiest to qualify for new homeowners and people who can’t afford to make big down-payments on conventional loans.

FHA loans are the easiest to qualify for, and certainly worth considering. They may not be the right solution for all borrowers when considering FHA loans compared to other types of home loans that are available from JD Bank. It all depends on your situation, but let’s examine the pros and cons of FHA loans for home buyers in Louisiana.

PROS

Lower Credit Scores Are Acceptable – Borrowers with low credit scores – or no credit history – are more likely to get approved for an FHA loan than other types of loans. When applying for a conventional loan, a lower credit score is a difficult obstacle to overcome. Those with credit problems, including bankruptcy, still could qualify for an FHA loan, but your minimum down payment will rise. Because the U.S. government backs the loan, you don’t need near-perfect credit.

Lower Debt-to-Income Ratio (DTI) – Often with conventional loans, your debit-to-income ratio is a key factor in determining whether you are approved. Lenders want the amount you spend on monthly loan payments to be relatively low compared to your total monthly income. FHA loans allow for a higher DTI than conventional loans. 

Lower Down Payments – Where you may be required to put down 5 percent or more for a conventional home loan, FHA loans allow you to put down as little as 3.5 percent, or $3,500 per $100,000 that you borrow. An FHA loan will also allow other sources, such as a family member, employer or philanthropy, to contribute to your down payment.

FHA loans are also a useful solution for more than traditional, single-family residences. Borrowers can use FHA home loans to purchase a multi-unit property with up to four units, as long as they live in one of the units for a year. This loan can also be used for a condominium or even a manufactured home as long as it has a permanent foundation.

These benefits make FHA loans a great option for many borrowers. For some, FHA loans aren’t the ideal choice, as they would be better served with other home loan options.

CONS 

Mortgage Insurance Premiums (MIP) – While a conventional mortgage only requires private mortgage insurance, FHA loans demand mortgage insurance premiums. These can include an upfront MIP payment of 1.75 percent of your loan amount at closing, and then an annual premium FOR THE LIFE OF THE MORTGAGE, which is typically 30 years.

Limits on How Much You Can Borrow – These limits vary depending on where you are located in the country, but they are still lower than the limits for conventional loans. The FHA publishes a chart each year showing the maximum amount for FHA loans by region. If you are in a market where the real estate is in demand and high priced, FHA loans may not work for you.

Minimum Housing Standards – These may prevent you from buying the house you want, because not all houses qualify for FHA loans. These minimum property standards are meant to protect buyers from purchasing properties that are in disrepair, but they can make it difficult for those who aim to purchase an older home that needs work. An FHA loan inspection will be tough for a buyer wanting to make significant renovations and repairs on a fixer-upper.

An FHA loan has several appealing factors, and it can be the right choice for first-time homebuyers, those without sterling credit and others of all income levels. While FHA loans aren’t the perfect fit for everyone, there are several other loan options to consider, so talk to a local JD Bank home lending expert to clarify what loan will fit your unique needs best.

Money Moves To Make Before April 15th

Money-moves-graphic

As the April 15th tax deadline nears, there are a few savvy actions you should be aware of before filing your return that can impact your bottom line either now or in the future. These tips can give you a head start.

Check Your Tax Withholdings – It’s nice to get that tax refund every year, and there are those who wait for it, like an annual financial boost. However, a bigger paycheck might provide your budget a little more comfort, or the extra funds could go toward savings. Conversely, you may find you have to pay taxes this year. The IRS has a useful tool, the Tax Withholding Estimator [Link: https://www.irs.gov/individuals/tax-withholding-estimator] to adjust your W-4.

If you haven’t checked the withholding amount on your paystub in ages, it is worth doing. If you think about it, paying too much in taxes with each paycheck during the year, and then getting the overpayment back months later after filing your return as a tax refund, is like giving the government a loan without interest.

Increase Your Retirement Plan Contributions – The money you put in these accounts, such as a 401(k), reduces your taxable income for the year, which reduces your tax bill. And this money isn’t taxed until you withdraw it. If you have an IRA through JD Bank, the contribution limits for 2019 and 2020 are $6,000 plus $1,000 in catch-up contributions. If you have a 401(k) at work and it is matched by your employer, try to contribute the amount that will be matched by employer contributions.

Those funds are tax-deferred and grow tax-free. This is a good time to review if you are investing enough toward retirement, and whether you can increase the percentage moving forward. You should try to increase your contribution amounts annually to keep pace with inflation rates.  

Make Charitable Contributions – Supporting your favorite causes and charities is not only good for the soul, it has benefits as a tax deduction. There are several ways to give, either as cash, or stock held for over one year.

Get Your Credit Report – Data breaches and system hacks unfortunately are constantly in the headlines. As you review all of your finances, it’s smart to also get a copy of your credit report to make sure nothing has been falsely reported. Federal law allows you to get a free copy of your credit report from the three credit reporting companies – Equifax, Experian and TransUnion – each year. Your credit card company should be able to provide this to you.

Build A Plan of Attack for Your Debt – If you have outstanding credit card debt, vehicle loans, mortgage and student loans, review these debts. Explore if there is any flexibility in your budget on these repayment timelines as you take a wide view of your personal finances. Look closely at your spending habits as you collect your receipts for taxes and consider if consolidating your debt with either a personal loan or home equity loan is wise. Often a simple, yet smart money move will be changing to a high interest checking account such as ZydeCash for greater returns on your balances, as well as making one extra payment on your mortgage annually.

Review Your Beneficiary Designations – This move is not just for the wealthy. Make sure who you have named as the beneficiary for any retirement accounts, life insurance policies and other estate planning documents are up to date. And if you don’t have an estate plan, it’s time to look into it. JD Bank has an experienced team that specializes in estate planning, trusts and retirement plans.

As the time to file your taxes looms, one always realizes how much impact on your bottom line that taxes can have. When your taxable income exceeds certain limits, your tax rate goes up with what tax bracket you fall into. It clarifies the benefit of contributing higher amounts to a 401(k), a Health Savings Account, or a traditional IRA throughout the year. Not only for retirement – and planning for the future is important – these deductible contributions can also save you money in the near term by placing you in a lower tax bracket.   

 

-JDB-