April 22, 2021 
JD Bancshares, Inc. 

For more information contact:
Bruce Elder (CEO) (337-246-5399)
Paul Brummett (CFO) (337-824-1422)

JD Bancshares, Inc. Reports Increase in Pre-tax, Pre-provision Operating Earnings for Q1 2021

Jennings, La., April 22, 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 quarter ended March 31, 2021. 

Net income for the three-month period ended March 31, 2021 was $1,919,989 or $1.12 per share compared to $2,303,079 or $1.34 per share for the linked quarter ended December 31, 2020 and $1,557,713 or $0.91 per share for the prior year period ended March 31, 2020. There were meaningful differences in provisions for loan losses and non-recurring, non-operating items impacting each of the three comparative periods. Pre-tax, preprovision operating income for the current quarter was $2,852,906 or approximately 14% higher than the $2,508,474 and $2,502,248 reported for the linked quarter and prior year quarter, respectively. Pre-tax, preprovision operating income excludes net losses on the sale of other real estate owned, net gains on the disposal of available for sale investment securities and a gain on a casualty loss recognized in the fourth quarter of 2020. The increase in earnings in the current period compared to the two comparative periods was primarily due to lower operating expenses and slightly higher recurring non-interest revenue. 

Bruce Elder, President and CEO, commented, “We are pleased with the overall performance of the Company in Q1 compared to the December 2020 and March 2020 quarters. After adjusting for provision and several nonoperating income and expense items, earnings for the current quarter reflect a 13.73% and 14.01% increase over the two comparative periods, respectively. We experienced solid loan production in Q1, a significant amount of which represents lines of credit which have yet to fully fund, and look forward to deploying more of our liquidity into higher yielding assets in the coming months. The deposit growth experienced in 2020 has continued into the first quarter of 2021. Aided by additional government stimulus, another round of PPP loans and hurricane related insurance proceeds received by both individuals and small businesses, our total deposits have increased by $71.6 million since December 31, 2020.”


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 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

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