JD Bancshares, Inc. Reports Financial Results for Quarter Ended March 31, 2025

Rhea-AI Summary

JD Bancshares (OTCQX:JDVB) reported Q1 2025 financial results with net income of $2.93 million ($0.85 per share), compared to $3.25 million ($0.95) in Q4 2024 and $3.65 million ($1.07) in Q1 2024. The decrease was primarily due to lower non-interest income and higher non-interest expenses.

Key metrics include:

• Net interest income remained stable at $10.8 million across comparative quarters
• Total assets were $1.2 billion, declining $9.8 million during Q1
• Loans increased by $6.9 million in Q1 2025
• Total deposits grew by $37.5 million to $1.1 billion
• Return on average assets (ROA) was 1.00% compared to 1.08% in Q4 2024
• Tangible book value per share improved to $24.11 from $22.89 in Q4 2024

Positive

• Deposits increased by $37.5 million in Q1 2025
• Net interest margin improved to 3.89% from 3.83% in Q4 2024
• Tangible book value per share increased to $24.11 from $22.89
• Loan portfolio grew by $6.9 million in Q1 2025
• Past due loans decreased to 0.20% from 0.42% of total loans

Negative

• Net income declined to $2.93M from $3.65M year-over-year
• EPS decreased to $0.85 from $1.07 year-over-year
• ROA declined to 1.00% from 1.26% year-over-year
• Non-interest expenses increased by 1.7%
• Total assets declined by $9.8 million during Q1

JENNINGS, LA / ACCESS Newswire / April 24, 2025 / 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, 2025.

Net income for the three-month period ended March 31, 2025 is $2,925,651 or $0.85 per share compared to a net income of $3,245,496 or $0.95 for the linked quarter ended December 31, 2024 and $3,652,396 or $1.07 per share for the prior year quarter ended March 31, 2024. Pre-tax, pre-provision operating income (PTPPOI) for the current quarter is $3,612,441 compared to $3,926,701 for the linked quarter and $3,709,245 for the prior year quarter. PTPPOI excludes taxes, credit loss provisions, net losses on the sale of other real estate owned (OREO), and net losses on the disposal of available for sale investment securities. The decrease in PTPPOI for the current quarter compared to the linked quarter is primarily due to a 5.50% decrease in non-interest income and a 1.7% increase in non-interest expense. Compared to the prior year quarter, the decrease is due primarily to higher non-interest expenses.

Paul E. Brummett, II, CEO, commented, "The first quarter of 2025 was one of stable, consistent performance by our company. We believe that the Company is well positioned for the future. The Company is well capitalized, has good liquidity, no wholesale funding, good asset quality, and solid earnings. While there may be some possible economic challenges ahead, we are confident in our ability to navigate these challenging times. Overall, we are pleased with the first quarter 2025 results."

Asset Quality

Loans past due 30 to 89 days at March 31, 2025 are $1.4 million or 0.20% of the total loans outstanding compared to $3.1 million or 0.42% of total loans reported at December 31, 2024. Total nonperforming assets, including loans in non-accrual status, OREO and repossessed assets are $7.7 million at March 31, 2025, a slight increase from $7.6 million at December 31, 2024. Loans on non-accrual status increased by $50,000 to $5.5 million from $5.4 million at December 31, 2024. OREO increased slightly by $49,000 to $2.3 million and there are no repossessed assets at March 31, 2025 or December 31, 2024. Management performs a quarterly evaluation of OREO properties and believes their adjusted carrying values are representative of their fair market values, although there is no assurance that the ultimate sales will be equal to or greater than the carrying values.

Provisions for credit losses for the quarters ended March 31, 2025 and December 31, 2024 are $35,000 and $146,000, respectively. For the three-month period ended March 31, 2024, there was a release from the Allowance for Credit Losses (ACL) of $686,000. The ACL is $9.1 million at March 31, 2025 and December 31, 2024 and is 1.24% of total loans and 1.26% of total loans, respectively. We recognized net charge-offs in the current quarter of $26,000 compared to $78,000 for the linked quarter and prior year quarter. We believe the current level of our ACL is adequate; however, there is no assurance that regulators, increased risks in the loan portfolio or changes in economic conditions will not require future adjustments to the ACL.

Net Interest Income

Net interest income for all comparative quarters is $10.8 million. While interest income declined compared to the linked quarter, interest expense decreased by a similar amount for the same period. Interest income increased compared to the prior year period, with a commensurate increase in interest expense.

Interest income on loans for the current quarter is $11.7 million, reflecting a decrease of $209,000 compared to $11.9 million for the linked quarter and increasing by $872,000 compared to $10.9 million for the prior year quarter. Average loans outstanding for the March 31, 2025 quarter are $725.4 million compared to $729.4 million for Q4 2024 and $687.9 million for Q1 2024. The yield on loans increased to 6.56% in the current quarter from 6.52% for the linked quarter and 6.35% for the prior year quarter. The decrease in loan interest income from the linked quarter is due to primarily to two fewer days in the current quarter. The year-over-year increase in interest income on loans is due to a combination of increased volume and higher rates. Lower rates earned on deposits with banks and investment securities contributed to the average yield of earning assets for the current quarter of 5.13% compared to 5.13% for Q4 2024 and 4.99% for Q1 2024.

Total interest expense is $3.5 million for the current quarter, $3.8 million for the linked quarter and $3.1 million for the prior year quarter. The decrease in interest expense in the current quarter is due to a lower volume of interest-bearing liabilities and fewer days in the quarter compared to the linked quarter. The cost of interest-bearing deposits is 1.46% for the current and linked quarters compared to 1.14% for the prior year quarter. The average rate on borrowed funds for Q1 2025 of 4.32% resulted in an average cost of total interest-bearing liabilities of 1.29% for the current quarter compared to 1.37% for Q4 2024 and 1.13% for Q1 2024.

The decrease in the cost of funds was more pronounced than the decrease in the yield on earning assets resulting in a net interest margin of 3.89% for the current quarter, reflecting a 6-basis point increase over the 3.83% margin reported in Q4 2024. When comparing the current quarter to the prior year quarter, the increase in yield on earning assets of 14 basis points was more than offset by the increase in cost of funds of 16 basis points resulting in a 3.90% margin for Q1 2024. We anticipate being able to maintain our net interest margin while continuing to move earnings assets from lower yielding assets into the loan portfolio.

Non-Interest Income

Total non-interest income is $2.7 million for the quarter ended March 31, 2025 compared to $2.8 million for the linked quarter and $2.7 million for the prior year quarter. Service charges and fees associated with deposit accounts are relatively flat across the comparative quarters at $2.0 million for the current quarter and $2.1 million for the linked and prior year quarters. The reduction in service charges and fee income is primarily due to slight reductions in NSF fee income and interchange revenue associated with debit card transactions.

Mortgage loan originations are flat from the fourth quarter and increased slightly from the prior year quarter. The demand for housing remains strong in many of our markets; however, the level of interest rates has caused many current homeowners to delay moving up to larger homes due to the attractive interest rate they enjoy on their current mortgage. Gains on the sale of newly originated mortgage loans are $86,000 for the most recent quarter, $85,000 for Q4 2024 and $68,000 for Q1 2024.

Other non-interest income is $526,000 for the current quarter and $595,000 for the linked quarter and $496,000 for the quarter ended March 31, 2024. Normally, the largest components of other non-interest income are from trust and brokerage services. Those two revenue sources totaled $294,000, $311,000, and $217,000, respectively, for the three comparative periods.

Non-Interest Expense

Total non-interest expense is $9.9 million in Q1 2025 compared to $9.8 million for the linked quarter and prior year quarter. Salaries and benefits expense is the largest component of non-interest expense and is $5.5 million for the current quarter, $5.3 million for the linked quarter and the prior year quarter. Salaries and benefits expense in Q1 2025 increased by $203,000 compared to Q4 2024 due to higher incentive accrual, benefits expense, and payroll taxes. The increase over the prior year quarter is primarily due to higher salary and benefits expenses. We do anticipate salary expense to increase moving forward as we continue to focus on employee retention and pay equity.

Occupancy expense is relatively flat for the current and linked quarters at $1.5 and $1.3 million for the prior year quarter. Data processing expense increased in the current quarter to $1.1 million from $866,000 for the linked quarter, an increase of $256,000, but declined by $188,000 when compared to the prior year quarter. Advertising and public relations expense is $364,000 for the current three months, $349,000 in the linked quarter and $334,000 a year ago.

All other non-interest expense is $1.5 million for both the current and prior year quarters compared to $1.7 million for the linked quarter. The largest components of non-interest expense are comprised of professional fees, ad valorem taxes, FDIC deposit insurance assessments, telecommunications, and corporate insurance. Check fraud charges were significantly higher in Q4 2024 compared to the other two quarters. All of the three comparative quarters included non-recurring, non-operating expenses as we recorded net losses on the sale of OREO of $97,000, $94,000, and $12,000, respectively.

Income tax expense is $554,000 for the current quarter, $441,000 for the linked quarter and $730,000 for the prior year quarter. Effective tax rates are 15.93% for the current quarter, 11.97% for the linked quarter, and 16.66% for the prior year quarter.

Balance Sheet

Total assets declined by $9.8 million during the first three months of the year and are $1.2 billion on both March 31, 2025 and December 31, 2024. The Company experienced decreases in cash and investment securities totaling $17.4 million to fund net declines in other borrowings and new loan growth. Cash on hand and deposits with correspondent banks decreased by $15.1 million and investment securities declined by $2.3 million. Total gross loans outstanding increased by $6.9 million during the first three months of 2025 and the ACL remained flat. The total increase in all other assets between December 31, 2024 and March 31, 2025 is $810,000 due primarily to increased premises and equipment and higher prepaid expenses.

Total deposits increased by $37.5 million during the first quarter of 2025 and are $1.1 billion at March 31, 2025 compared to $1.0 billion at December 31, 2024. Between December 31, 2024 and March 31, 2025, the various deposit categories that experienced increases were as follows: non-interest demand by $17.9 million, savings and money market balances by $22.6 million, and time deposits by $11.2 million. Interest bearing demand deposits saw a decline of $14.1 million for the same period.

Other liabilities decreased by $51.7 million during the first three months of 2025. The decrease is attributed to a reduction in other borrowings.

Stockholders' equity increased by $4.4 million to $86.9 million at March 31, 2025 from $82.5 million at December 31, 2024. The increase is due to a smaller net unrealized loss on available for sale securities of $2.4 million, net income of $2.9 million, and the issuance of restricted share awards valued at $254,000. This increase is offset by the payment of $992,000 in dividends to shareholders and $197,000 in new unearned restricted stock awards. Tangible book value per common share increased to $24.11 at March 31, 2025 compared to $22.89 at December 31, 2024.

Key Performance Ratios

Return on average assets (ROA) in the current quarter is 1.00% compared to 1.08% and 1.26% for the linked and prior year quarters, respectively. The decrease in ROA between Q1 2025 and the two comparative 2024 quarters is primarily due to a decrease in non-interest income and an increase in non-interest expense. ROA on a non- Generally Accepted Accounting Principles (GAAP) pre-tax, pre-provision operating basis for the three comparative periods is 1.23%, 1.30% and 1.28%, respectively. Return on average equity (ROE) is 14.17% for the current quarter, 14.50% for the linked quarter and 19.37% for the prior year quarter. On a non-GAAP, pre-tax, pre-provision operating basis, the ROE for the three comparative periods is 17.49%, 17.54% and 19.67%, respectively.

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 south 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 and two Loan Production/Deposit Production offices located along the I-10 and I-12 corridors from Lake Charles to Mandeville, Louisiana. Additional information is available on its website at jdbank.com.

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 otcmarkets.com.

Forward-Looking Statements

Statements contained in this release, which are not historical facts, are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors which include the effects of future economic conditions, governmental fiscal and monetary policies, legislative and regulatory changes, the risks of changes in interest rates, the effects of competition, and including without limitation to other factors that could cause actual results to differ materially as discussed in documents filed by the Company with the Securities and Exchange Commission from time to time.

For more information contact:
JD Bancshares, Inc.
Paul Brummett (CEO) (337-246-5395)
Jared Doucet (CFO) (337-246-5409)
Website: www.jdbank.com

JD BANCSHARES, INC. AND SUBSIDIARIES
JENNINGS, LOUISIANA

CONSOLIDATED BALANCE SHEETS
(UNAUDITED)

		Actual Mar 2025				Actual Dec 2024				$ Variance				% Variance
Assets
Cash and due from banks			24,043,094				23,114,444				928,650				4.0
Interest bearing deposits with banks			19,740,939				35,765,026				(16,024,087	)			(44.8	)
Investment Securities - Taxable			222,942,757				223,870,862				(928,105	)			(0.4	)
Investment Securities - Tax-exempt			121,664,671				122,992,133				(1,327,462	)			(1.1	)
Mortgage loans held for sale			85,147				321,983				(236,836	)			(73.6	)
Loans, net of unearned income			732,942,363				726,030,139				6,912,224				1.0
Less: Allowance for credit losses			(9,114,108	)			(9,121,621	)			7,513				(0.1	)
Premises and equipment, net			21,432,112				21,017,630				414,482				2.0
Accrued interest receivable			4,549,074				4,983,070				(433,996	)			(8.7	)
Other real estate			2,254,255				2,204,968				49,287				2.2
Other assets			46,300,769				45,491,024				809,745				1.8
Total Assets			1,186,841,073				1,196,669,658				(9,828,585	)			(0.8	)
Liabilities
Non-Interest Bearing Deposits			241,896,411				224,044,996				17,851,415				8.0
Interest bearing demand deposits			297,651,821				311,787,150				(14,135,329	)			(4.5	)
Savings and Money Market Deposits			323,755,127				301,157,091				22,598,036				7.5
Time Deposits - Retail			201,076,266				189,885,577				11,190,689				5.9
Total Deposits			1,064,379,625				1,026,874,814				37,504,811				3.7
Accrued expenses and other liabilities			5,716,563				7,473,393				(1,756,830	)			(23.5	)
Other Borrowings			29,854,495				79,819,027				(49,964,532	)			(62.6	)
Total Liabilities			1,099,950,683				1,114,167,234				(14,216,551	)			(1.3	)
Equity
Common stock			21,444,456				21,381,956				62,500				0.3
Capital surplus			10,458,128				10,267,070				191,058				1.9
Retained earnings			90,148,106				88,214,577				1,933,529				2.2
Accumulated other comprehensive income (loss)			(34,400,680	)			(36,798,274	)			2,397,594				(6.5	)
Less: unearned stock awards			(759,620	)			(562,905	)			(196,715	)			34.9
Total Equity			86,890,390				82,502,424				4,387,966				5.3
Total Liabilities & Equity			1,186,841,073				1,196,669,658				(9,828,585	)			(0.8	)

JD BANCSHARES, INC. AND SUBSIDIARIES
JENNINGS, LOUISIANA

CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

		QTD Actual Mar 2025				QTD Actual Dec 2024				$ Variance				% Variance				QTD Actual Mar 2024				$ Variance				% Variance
Interest Income
Interest on Loans			11,739,793				11,948,621				(208,828	)			(1.7	)			10,867,803				871,990				8.0
Mortgage Loans Held For Sale			2,945				2,948				(3	)			(0.1	)			3,341				(396	)			(11.9	)
Interest on deposits with banks			287,448				241,293				46,155				19.1				402,025				(114,577	)			(28.5	)
Investment Securities - Taxable			1,521,139				1,643,483				(122,344	)			(7.4	)			1,779,010				(257,871	)			(14.5	)
Investment Securities - Tax-exempt			761,313				769,027				(7,714	)			(1.0	)			779,305				(17,992	)			(2.3	)
Total Interest Income			14,312,638				14,605,372				(292,734	)			(2.0	)			13,831,484				481,154				3.5
Interest Expense
Interest bearing demand deposits			353,708				373,234				(19,526	)			(5.2	)			327,900				25,808				7.9
Savings and Money Market Deposits			756,848				711,477				45,371				6.4				530,266				226,582				42.7
Time Deposits - Retail			1,847,462				1,774,820				72,642				4.1				1,296,316				551,146				42.5
Time Deposits - Wholesale			-				16,384				(16,384	)			(100.0	)			-				-				-
Total Interest Expense on Deposits			2,958,018				2,875,915				82,103				2.9				2,154,482				803,536				37.3
FHLB Advances			225,558				-				225,558				-				-				225,558				-
Interest on other borrowings			323,928				924,461				(600,533	)			(65.0	)			913,618				(589,690	)			(64.5	)
Total Interest Expense			3,507,504				3,800,376				(292,872	)			(7.7	)			3,068,100				439,404				14.3
Net Interest Income			10,805,134				10,804,996				138				0.0				10,763,384				41,750				0.4
Provision for credit losses			35,177				145,660				(110,483	)			(75.8	)			(685,588	)			720,765				(105.1	)
Net In. Inc. After Prov. for Credit Losses			10,769,957				10,659,336				110,621				1.0				11,448,972				(679,015	)			(5.9	)
Non Interest Income
Service charges and fees			2,016,291				2,100,515				(84,224	)			(4.0	)			2,142,249				(125,958	)			(5.9	)
Mortgage loan and related fees			85,696				85,339				357				0.4				68,162				17,534				25.7
Other noninterest income			525,720				595,278				(69,558	)			(11.7	)			496,455				29,265				5.9
Total Non Interest Income			2,627,707				2,781,132				(153,425	)			(5.5	)			2,706,866				(79,159	)			(2.9	)
Non Interest Expense																							-
Salaries and employee benefits			5,511,942				5,309,295				202,647				3.8				5,315,813				196,129				3.7
Occupancy			1,455,096				1,525,873				(70,777	)			(4.6	)			1,338,312				116,784				8.7
Advertising and public relations			364,185				349,012				15,173				4.3				333,505				30,680				9.2
Data Processing			1,121,743				865,519				256,224				29.6				1,309,359				(187,616	)			(14.3	)
Other noninterest expense			1,464,790				1,703,802				(239,012	)			(14.0	)			1,476,180				(11,390	)			(0.8	)
Total Non Interest Expense			9,917,756				9,753,501				164,255				1.7				9,773,169				144,587				1.5
Income Before Taxes			3,479,908				3,686,967				(207,059	)			(5.6	)			4,382,669				(902,761	)			(20.6	)
Income taxes			554,257				441,471				112,786				25.5				730,273				(176,016	)			(24.1	)
Net Income			2,925,651				3,245,496				(319,845	)			(9.9	)			3,652,396				(726,745	)			(19.9	)
Per common share data:
Earnings		$	0.85			$	0.95											$	1.07
Weighted average number of shares outstanding			3,422,785				3,428,159												3,421,698

JD BANCSHARES, INC. AND SUBSIDIARIES
Margin Analysis Compare

	Average Yield and Rate									Average Funds									Interest Income/Expense
	QTD Actual Mar 2025			QTD Actual Mar 2024			Change			QTD Actual Mar 2025			QTD Actual Mar 2024			Change			QTD Actual Mar 2025			QTD Actual Mar 2024			Change
Earning Assets
Loans		6.56			6.35			0.21			725,403,637			687,866,470			37,537,167			11,739,793			10,867,803			871,990
Loan fees		-			-			-			-			-			-			-			-			-
Loans with fees		6.56			6.35			0.21			725,403,637			687,866,470			37,537,167			11,739,793			10,867,803			871,990
Mortgage loans held for sale		7.01			7.20			(0.19	)		168,085			185,554			(17,470	)		2,945			3,341			(396	)
Deposits with banks		4.31			5.35			(1.04	)		27,020,470			30,209,738			(3,189,267	)		287,448			402,025			(114,577	)
Investment securities - taxable		2.26			2.49			(0.23	)		268,761,354			285,686,969			(16,925,615	)		1,521,139			1,779,010			(257,871	)
Investment securities - tax-exempt		3.15			3.13			0.02			122,534,840			126,212,075			(3,677,236	)		761,313			779,305			(17,992	)
Total Earning Assets		5.13			4.99			0.14			1,143,888,386			1,130,160,806			13,727,580			14,312,639			13,831,485			481,154
Interest bearing liabilities
Interest bearing demand		0.46			0.45			0.01			311,472,406			296,266,309			15,206,097			353,708			327,900			25,809
Savings and Money Market		0.99			0.68			0.31			310,932,357			313,686,020			(2,753,663	)		756,848			530,266			226,581
Time deposits - Retail		3.81			3.48			0.33			196,640,865			149,936,832			46,704,032			1,847,462			1,296,316			551,146
Total interest bearing deposits		1.46			1.14			0.32			819,045,627			759,889,161			59,156,466			2,958,018			2,154,482			803,536
Federal home Loan Bank advances		4.41			-			4.41			20,444,444			-			20,444,444			225,558			-			225,558
Other borrowings		4.26			4.52			(0.26	)		30,444,253			79,895,745			(49,451,491	)		323,928			913,618			(589,691	)
Total borrowed funds		4.32			4.52			(0.20	)		50,888,698			79,895,745			(29,007,047	)		549,486			913,618			(364,132	)
Total interest-bearing liabilities		1.63			1.46			0.17			869,934,325			839,784,906			30,149,419			3,507,504			3,068,101			439,403
Net interest rate spread		3.50			3.53			(0.03	)											10,805,135			10,763,384			41,750
Effect of non-interest bearing deposits		(0.34	)		(0.33	)		(0.01	)		228,003,919			247,414,963			(19,411,044	)
Cost of funds		1.29			1.13			0.16
Net interest margin		3.89			3.90			(0.01	)

JD BANCSHARES, INC. AND SUBSIDIARIES

SUPPLEMENTAL FINANCIAL INFORMATION

Financial Ratios

		For the Qtr Ended March 31, 2025				For the Qtr Ended December 31, 2024				For the Qtr Ended March 31, 2024
Performance Ratios
Return on Average Assets (ROA)			1.00	%			1.08	%			1.26	%
ROA based on Pre-tax, pre-provision operating income			1.23	%			1.30	%			1.28	%
Return on Average Equity (ROE)			14.17	%			14.50	%			19.37	%
ROE based on Pre-tax, pre-provision operating income			17.49	%			17.54	%			19.67	%
Earnings per Share		$	0.85			$	0.95			$	1.07
Net Interest Margin			3.89	%			3.82	%			3.90	%
Efficiency Ratio **			72.02	%			70.04	%			71.37	%
Non-Interest Income as a % of Avg. Assets**			0.90	%			0.92	%			0.93	%
Non-Interest Expense as a % of Avg. Assets**			3.35	%			3.21	%			3.37	%

		As of March 31, 2025				As of December 31, 2024
Bank Level Capital Ratios:
Tier 1 Leverage Ratio		12.22% (Est.)					11.34	%
Common Equity Tier 1 Ratio		17.51% (Est.)					16.25	%
Tier 1 Risk-Based Capital Ratio		17.51% (Est.)					16.25	%
Total Risk-Based Capital Ratio		18.69% (Est.)					17.35	%
Company:
Tangible Equity / Total Assets			6.99	%			6.57	%
Tangible Book Value per Share		$	24.11			$	22.89

Reconcilement of GAAP to Pre-tax, Pre-Provision Operating Income:

		For the Qtr Ended March 31, 2025				For the Qtr Ended December 31, 2024				For the Qtr Ended March 31, 2024
Net Income (GAAP)		$	2,925,651			$	3,245,496			$	3,652,396
Provision for Loan Losses			35,177				145,660				(685,588	)
Net (Gain) Loss on OREO			97,356				94,074				12,164
Net (Gain) Loss on Securities			-				-				-
Non-recurring Revenue			-				-				-
Non-recurring Expenses			-				-				-
Income Tax Expense			554,257				441,471				730,273
Pre-tax, Pre-Provision Operating Income		$	3,612,441			$	3,926,701			$	3,709,245

** Non-recurring items are eliminated for this ratio

SOURCE: JD Bancshares, Inc.

View the original press release on ACCESS Newswire

FAQ

What was JDVB's earnings per share (EPS) in Q1 2025?

JD Bancshares reported earnings of $0.85 per share in Q1 2025, down from $0.95 in Q4 2024 and $1.07 in Q1 2024.

How much did JDVB's deposits grow in Q1 2025?

Total deposits increased by $37.5 million during Q1 2025, reaching $1.1 billion from $1.0 billion at the end of Q4 2024.

What is JDVB's current loan quality status as of Q1 2025?

Loans past due 30-89 days were $1.4 million (0.20% of total loans), down from $3.1 million in Q4 2024. Total nonperforming assets slightly increased to $7.7 million.

What was JDVB's net interest margin in Q1 2025?

The net interest margin was 3.89% in Q1 2025, a 6-basis point increase from 3.83% in Q4 2024.