January 19, 2023 
JD Bancshares, Inc. 

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

JD Bancshares, Inc. Reports STRONG Financial Results for Three and Twelve-Month Periods Ended December 31, 2022

Jennings, LA., January 19, 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
twelve-month periods ended December 31, 2022. 

Net income is $3,492,661 or $1.02 per share for the three-month period ended December 31, 2022 compared to $3,388,452 or $0.99 per share for the linked quarter ended September 30, 2022 and $2,977,469 or $0.87 per common share for the prior year quarter ended December 31, 2021. Pre-tax, pre-provision operating income (PTPPOI) for the current quarter is $4,734,605 compared to $4,261,659 for the linked quarter and $3,056,079 for the comparative prior year quarter. The 11.10% and 54.92% increases in PTPPOI over the linked and prior year quarters, respectively, are due primarily to increases in the volume of loans outstanding and the impact of higher interest rates on both loan and investment securities income. 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), gains on the sale of investment securities and other non-recurring items.

For the twelve-month period ended December 31, 2022, net income is $12,166,756 or $3.56 per share compared to $11,014,968 or $3.21 per share for the prior year period ended December 31, 2021. Pre-tax, pre-provision operating earnings for the two comparative twelve-month periods increased by 33.68% and is $14,712,149 compared to $11,005,324.


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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