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Overview of JD Bancshares, Inc.
JD Bancshares, Inc. (JDVB) is a well-established bank holding company that serves as the parent organization of JD Bank, a state-chartered community bank based in Jennings, Louisiana. With a history dating back to 1947, the company has solidified its reputation in the financial services industry by offering a diverse portfolio of banking solutions. Its comprehensive service offerings include commercial lending, deposit products, and investment as well as trust services, delivered through both physical branch offices and modern digital channels.
Comprehensive Financial Services
JD Bancshares, Inc. distinguishes itself by providing an array of financial products designed to meet both personal and commercial needs. The company generates revenue through traditional interest income on loans, fee income related to deposit accounts and trust services, and other non-interest income streams. This diversified revenue mix underscores its stable business model in a competitive market. Key operational focus areas include:
- Personal and Commercial Lending: Providing well-priced loans and credit solutions to a varied customer base.
- Deposit Solutions: Offering a range of deposit products tailored to meet the needs of individuals and businesses in the community.
- Trust and Investment Services: Delivering reliable advisory and asset management services that are integral to long-term financial planning.
Market Position and Competitive Landscape
Positioned firmly in the regional banking segment, JD Bancshares, Inc. has built strong relationships in south Louisiana over several decades. The company effectively blends traditional banking with digital innovations to cater to changing customer expectations. With an emphasis on improving operational efficiency and a commitment to service quality, it competes with other regional financial institutions by focusing on personalized service, deep local market knowledge, and comprehensive financial solutions.
Operational Excellence and Risk Management
The company follows sound risk management practices to maintain asset quality and stable earnings. Regular evaluations of credit risk, loan performance, and the management of nonperforming assets are integral to its operational framework. Strategic cost management and pricing discipline in both interest and non-interest income streams further affirm the reliability of its business model. The structured balance sheet and ongoing efforts to optimize its loan-to-deposit ratio reflect the company’s focus on resilient financial performance.
Service Delivery and Digital Innovation
JD Bancshares, Inc. leverages both its physical branch network and digital channels to provide seamless services to its clients. This dual approach not only reinforces the bank's commitment to community banking but also supports a modern, accessible, and secure customer experience. The integration of advanced technology within day-to-day operations enhances service delivery, reduces operational costs, and improves overall client satisfaction.
Commitment to Local Communities
With a focus on community engagement, JD Bancshares, Inc. has consistently supported local economic development. The company’s deep-rooted presence in south Louisiana enables it to understand and address the unique financial needs of local communities. This local insight, coupled with a strong commitment to ethical banking practices, enhances its credibility and fosters lasting relationships with depositors and borrowers alike.
Conclusion
In summary, JD Bancshares, Inc. exemplifies the characteristics of a robust and diversified financial institution. Its strategic combination of traditional banking services with innovative digital delivery, emphasis on comprehensive risk management, and long-established commitment to customer service solidify its role as a key player in the regional banking landscape. The company’s clear focus on operational efficiency, client satisfaction, and responsible financial management positions it as an authoritative source of trusted financial services in south Louisiana.
JD Bancshares (OTCQX:JDVB) reported Q4 2024 net income of $3.19 million ($0.93 per share), compared to $3.71 million in Q3 2024 and a net loss of $2.21 million in Q4 2023. For the full year 2024, net income reached $13.58 million ($3.96 per share), up from $6.58 million in 2023.
The bank's net interest income for Q4 2024 was $10.8 million, down from $11.4 million in Q3 2024. The net interest margin decreased to 3.83% from 4.04% in the previous quarter. Asset quality improved with nonperforming assets declining to $7.6 million from $12.1 million year-over-year. The loan-to-deposit ratio increased to 70.7% from 66.7% at year-end 2023.
Total assets remained stable at $1.2 billion, while stockholders' equity increased by $8.1 million to $82.5 million. Tangible book value per share improved to $22.89 from $20.52 year-over-year.
JD Bancshares, Inc. (OTCQX:JDVB) has declared a cash dividend of $0.29 per share, as announced by Board Chairman Dan L. Donald, Jr. The dividend will be paid on February 7, 2025, to shareholders of record on January 31, 2025.
The company, which operates through its subsidiary JD Bank, determines dividend payments quarterly based on earnings, financial condition, capital requirements, and other factors. JD Bank, established in 1947, is a Louisiana state-chartered bank headquartered in Jennings, offering personal and commercial lending, deposit products, trust, and investment services. The bank operates 21 full-service branches and two loan and deposit production offices along the I-10 and I-12 corridors from Lake Charles to Mandeville, Louisiana.
JD Bancshares (OTCQX:JDVB) reported Q3 2024 net income of $3.7 million ($1.08 per share), up from $3.0 million in Q2 2024 and $3.5 million in Q3 2023. The company's net interest margin expanded to 4.04% despite higher interest rates. Year-to-date net income reached $10.4 million ($3.03 per share), compared to $8.8 million in the same period last year. Asset quality improved with nonperforming assets declining to $7.4 million from $12.1 million at year-end 2023. The loan-to-deposit ratio increased from 66.7% to 72.1%, while total assets remained stable at $1.2 billion.
JD Bancshares, Inc. (OTCQX:JDVB) has announced a cash dividend of $0.29 per share, payable on November 8, 2024, to shareholders of record on November 1, 2024. The decision was made during the Board of Directors' regular meeting on October 22, 2024. Future dividend payments will be determined quarterly based on earnings, financial condition, capital requirements, and other factors. JD Bancshares is the holding company of JD Bank, operating 21 full-service branches and two loan and deposit production offices across south Louisiana, from Lake Charles to Mandeville.
JD Bancshares, Inc. (OTCQX:JDVB) announced key leadership changes effective October 1, 2024. Paul E. Brummett, II will become President of the Company and CEO of JD Bank, succeeding Bruce W. Elder. James A. "Jimmy" LeBlanc has been promoted to President/Chief Banking Officer of JD Bank, while Jared Doucet will assume the role of CFO for both the Company and JD Bank.
These appointments align with the Board's succession plans. Brummett brings 32 years of community banking experience, all with JD Bank. LeBlanc has 34 years in banking, focusing on commercial lending. Doucet, a CPA, has 23 years of accounting and investments experience.
JD Bank, founded in 1947, operates 22 full-service branches and two loan and deposit production offices across south Louisiana, offering personal and commercial banking services.
JD Bancshares, Inc. (OTCQX:JDVB) and JD Bank announced the resignation of Bruce W. Elder as President and CEO, effective September 30, 2024. Elder, who has led the company since November 19, 2019, is stepping down for personal family reasons. He will remain in his role through September to ensure a smooth transition and will also resign from his position as a director.
The company will follow its Board-approved succession plan to determine Elder's replacement. JD Bank, headquartered in Jennings, Louisiana, has been serving south Louisiana since 1947. It operates through 22 full-service branch offices and two loan and deposit production offices, offering personal and commercial banking services, as well as trust and investment services.
JD Bancshares, Inc. (OTCQX:JDVB) reported its Q2 2024 financial results. Net income for Q2 2024 was $3,028,833 or $0.88 per share, compared to $3,652,396 or $1.07 per share in Q1 2024 and $3,216,519 or $0.94 per share in Q2 2023. Pre-tax, pre-provision operating income (PTPPOI) for Q2 2024 was $3,951,414, up from $3,709,245 in Q1 2024 but down from $4,373,181 in Q2 2023. For the first half of 2024, net income was $6,681,230 or $1.95 per share, up from $5,301,748 or $1.55 per share in the same period of 2023. The company saw improvements in asset quality and a slight increase in deposits between March and June 2024, the first quarterly increase since Q2 2021. The net interest margin remained stable at 3.90% in both Q1 and Q2 2024.
JD Bancshares, Inc. (OTCQX:JDVB) has declared a cash dividend of $0.29 per share, payable on August 9, 2024, to shareholders of record on August 2, 2024. The decision was made during the Board of Directors' meeting on July 23, 2024. Future dividends will be determined quarterly based on earnings, financial condition, capital requirements, and other factors.
JD Bancshares is the holding company of JD Bank, a state-chartered bank headquartered in Jennings, Louisiana. The bank has been serving south Louisiana since 1947, offering personal and commercial banking products through physical and digital channels. JD Bank operates 22 full-service branches and two Loan Production/Deposit Production offices along the Interstate 10/12 corridor from Lake Charles to Mandeville, Louisiana.
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