Sign In Contact Locations Personal Mortgage Investing E-Banking Business Commercial JD Bancshares, Inc. Reports Strong Q3 2021 Financial Results Posted on Thursday, October 21, 2021 PRESS RELEASE October 21, 2021 JD Bancshares, Inc. FOR IMMEDIATE RELEASE For more information contact: Bruce Elder (CEO) (337-246-5399) Paul Brummett (EVP) (337-824-1422) Website: www.jdbank.com JD Bancshares, Inc. Reports Strong Q3 2021 Financial Results Jennings, LA., October 21, 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 three and nine-month periods ended September 30, 2021. Net income is $3,539,845 or $1.03 per common share for the three-month period ended September 30, 2021 reflecting a 36.5% increase compared to $2,593,570 or $0.76 per share for the linked quarter ended June 30, 2021 and a 109.0% increase over the $1,693,921 or $0.49 per share for the prior year quarter ended September 30, 2020. Pre-tax, pre-provision operating income for the current quarter is $4,075,010 compared to $3,222,715 for the linked quarter and $2,637,056 for the comparative prior year quarter. Pre-tax, pre-provision operating income excludes taxes, provision for loan losses, gains or losses on the sale of other real estate owned, gains on the sale of investment securities and other non-operating revenues and expenses. The increase in current quarter pre-tax, pre-provision operating income is primarily due to an increase in interest income on loans as we recognized more origination fee income derived from the Small Business Administration (SBA) Paychecks Protection Program (PPP) and were able to redeploy funds received from PPP forgiveness into loans earning a current market rate of interest. Additionally, we enjoyed higher levels of non-interest income and continued to demonstrate non-interest expense control. For the nine-month period ended September 30, 2021, net income was $8,059,912 or $2.35 per share compared to $4,900,630 or $1.43 per share for the prior year comparative period. Pre-tax, pre-provision operating earnings for the two comparative nine-month periods is $10,157,137 and $7,986,946, respectively. CLICK HERE TO READ THE FULL RELEASE 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 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 located along the Interstate 10 corridor from Lake Charles to Lafayette, Louisiana. 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 www.otcmarkets.com Recommended Posts A five-step spending plan to avoid holiday debt JD Bank Announces Promotions Scary Finances? How Long Does It Take To Rebuild Credit? RESOURCES Reorder checks Forms Videos ABOUT JD Community Press Careers & Jobs News & Stories Routing Number: 065204579 ON THE GO FAQs Locations ATM Locations Community Cash Apple App Google App Mobile Wallet POLICIES Website Accessibility Diversity Policy Privacy Policy Terms & Conditions JD BANCSHARES Investor Relations Investment and Insurance Products Are: Not Insured by the FDIC Not Insured by any Federal Government Agency Not a Deposit or other Obligation of, or Guaranteed by, JD Bank Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested Privacy | Security | Terms & Conditions Live Chat