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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, Inc. (OTCQX:JDVB) announced a cash dividend of $0.27 per share, payable on February 3, 2023 to shareholders of record as of January 28, 2023. Future dividends will be determined quarterly, considering earnings and financial conditions. The company has also been recognized in the 2023 OTCQX Best 50, ranking #19 overall based on performance metrics from 2022. This acknowledgment underscores efforts to increase trading volume. JD Bancshares operates JD Bank, serving southern Louisiana since 1947.
JD Bancshares, Inc. (OTCQX: JDVB) reported strong financial results for Q3 and the nine-month period ending September 30, 2022. Net income for Q3 reached $3.39 million ($0.99 per share), up from $3.14 million in Q2 2022. Pre-tax, pre-provision operating income increased 26% from the previous quarter. For the nine-month period, net income totaled $8.67 million ($2.54 per share), representing a 7.6% year-over-year increase. The interest rate environment positively impacted net interest income, which rose to $10.5 million in Q3. However, total assets declined 9% year-to-date due to a decrease in deposits.
JD Bancshares, Inc. (OTCQX:JDVB) announced a cash dividend of $0.25 per share to be paid on November 4, 2022, for shareholders on record as of October 28, 2022. The Board of Directors made this decision during their meeting on October 18, 2022. Future dividends will be determined quarterly, considering earnings, financial health, and other factors. JD Bancshares is the bank holding company of JD Bank, which has operated since 1947, offering various financial services across 22 branches in Louisiana.
JD Bancshares, Inc. (OTCQX: JDVB) reported a robust financial performance for Q2 2022, achieving a net income of $3.14 million or $0.92 per share, marking increases of 49% from Q1 2022 and 21% year-over-year. Pre-tax, pre-provision operating income rose by 47% from Q1, driven by a stronger loan portfolio and net interest income of $9.9 million. The company is expanding its presence into Baton Rouge, although this may strain near-term profits. Total deposits slightly decreased by 2%, but non-performing assets improved.
JD Bancshares, Inc. (OTCQX:JDVB) announced a cash dividend of $0.25 per share, payable on August 5, 2022 to shareholders of record as of July 29, 2022. The decision was made during the Board meeting held on July 19, 2022. Future dividends will be determined quarterly based on various factors including earnings and financial health. JD Bancshares operates JD Bank, serving southwest Louisiana since 1947, with 22 full-service branches along the I-10 corridor.
JD Bancshares, Inc. (OTCQX:JDVB) announced its Q1 2022 financial results, reporting net income of $2,108,163, or $0.62 per share, a decrease of 29.2% from the previous quarter but a 9.8% increase year-over-year. Pre-tax, pre-provision operating income fell to $2,291,078, impacted by lower non-interest income and higher expenses. The bank saw a $19.8 million net increase in loans and a $30.7 million rise in investments. Total assets dropped 3.5% to $1.31 billion, while stockholders' equity decreased by $22.2 million to $79 million, reflecting rising interest rates' impact on investments.
JD Bancshares, Inc. (OTCQX:JDVB) declared a cash dividend of $0.25 per share, set to be paid on May 6, 2022, to shareholders of record on April 29, 2022. The Board of Directors made this decision during their meeting on April 19, 2022. Future dividends will be evaluated quarterly based on various factors including earnings and financial condition. JD Bancshares operates JD Bank, serving southwest Louisiana since 1947 with a range of banking and investment services through its 23 branches.
JD Bancshares (OTCQX:JDVB) announced a $2.5 million share repurchase plan effective until December 31, 2022. This initiative, according to President and CEO Bruce W. Elder, reflects the company's confidence in its continued performance and aims to enhance long-term shareholder value. The repurchase strategy will utilize various methods compliant with SEC regulations and will be influenced by the company's financial position, market conditions, and other strategic factors. The plan can be suspended or stopped at management's discretion.
JD Bancshares, Inc. (OTCQX: JDVB) reported its financial results for Q4 and the full year of 2021. For Q4 2021, net income was $2.98 million ($0.87 per share), down from $3.54 million ($1.03 per share) in Q3 2021 but up from $2.30 million ($0.67 per share) in Q4 2020. Total net income for 2021 was $11.02 million, marking a 52.9% increase year-over-year. Key highlights include a 5.8% year-over-year growth in non-PPP loans, net interest income of $35.7 million, and a robust liquidity position following the issuance of $30 million in new subordinated debt.
JD Bancshares, Inc. (OTCQX:JDVB) has declared a cash dividend of $0.25 per share, scheduled for payment on February 4, 2022. Shareholders of record as of January 29, 2022 will receive this dividend. Future dividends will be assessed quarterly based on factors including earnings and financial condition. JD Bancshares is the holding company for JD Bank, serving southwest Louisiana since 1947 with a range of banking services. The company is listed on the OTCQX Best Market, adhering to high financial and governance standards.
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