FDSBMEDIUM SIGNALOPPORTUNITY10-K

Fifth District Savings Bank showed solid loan portfolio expansion with meaningful diversification into commercial real estate lending while maintaining strong net interest income growth.

The bank meaningfully expanded its commercial real estate portfolio from just $0.6M to $10.5M, indicating strategic diversification beyond its core residential mortgage focus. This shift, combined with 14.4% growth in net interest income, suggests management is successfully executing a balanced growth strategy while maintaining profitability in a challenging rate environment.

Comparing 2026-03-24 vs 2025-03-26View on EDGAR →
FINANCIAL ANALYSIS

The bank demonstrated solid operational momentum with net interest income growing 14.4% to $22.1M, reflecting effective asset deployment and margin management. The loan portfolio expanded modestly while shifting composition toward higher-yielding commercial real estate loans, though residential mortgages remain the dominant asset class at 86.3% of total loans. Capital expenditures declined 24.7% to $384K, suggesting disciplined spending while cash position remained stable with only a modest 10.7% decrease.

FINANCIAL STATEMENT CHANGES
Capital Expenditure
Cash Flow
-24.7%
$510K→$384K

Capex reduced 24.7% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Net Interest Income
P&L
+14.4%
$19.3M→$22.1M

Net interest income grew 14.4% — benefiting from rate environment or loan book expansion.

Cash & Equivalents
Balance Sheet
-10.7%
$37.9M→$33.9M

Cash decreased 10.7% — monitor burn rate and upcoming capital needs.

LANGUAGE CHANGES
NEW — 2026-03-24
PRIOR — 2025-03-26
ADDED
At December 31, 2025, the Company had total assets of $534.4 million, loans of $376.4 million, deposits of $393.2 million, and stockholders equity of $129.8 million.
At June 30, 2025 (the most recent date for which Federal Deposit Insurance Corporation (the FDIC ) is publicly available), we were ranked 11 th among the 26 FDIC-insured financial institutions with offices in Jefferson Parish, with a deposit market share of 2.30%; 9 th among the 21 FDIC-insured financial institutions with offices in Orleans Parish, with a deposit market share of 0.89%; and 22 nd among the 27 FDIC-insured financial institutions with offices in St.
At December 31, 2025 2024 Amount Percent Amount Percent (Dollars in thousands) One-to-four family mortgages $ 325,774 86.34 % $ 332,659 90.34 % Home equity lines of credit 10,091 2.67 7,952 2.16 Construction and land 12,538 3.32 9,588 2.60 Commercial real estate 10,547 2.79 594 0.16 Commercial and industrial 14,227 3.77 13,761 3.74 Consumer loans 4,189 1.11 3,699 1.00 377,366 100.00 % 368,253 100.00 % Less: Allowance for credit losses (1,699) (1,699) Deferred loan costs 724 779 Loans receivable, net $ 376,391 $ 367,333 Contractual Maturities.
At December 31, 2025, one-to four-family residential mortgage loans totaled $325.8 million, or 86.3% of total loans.
At December 31, 2025, one-to four-family residential mortgage loans secured by non-owner-occupied properties totaled $9.6 million.
+7 more — sign up free →
REMOVED
At December 31, 2024, the Company had total assets of $527.3 million, loans of $367.3 million, deposits of $391.5 million, and stockholders equity of $125.8 million.
To a substantially lesser extent, we also originate construction loans, home equity loans, home equity lines of credit, land loans, and share loans (loans secured by deposit accounts at Fifth District) and purchase commercial business loans.
At June 30, 2024 (the most recent date for which Federal Deposit Insurance Corporation (the FDIC ) is publicly available), we were ranked 11 th among the 25 FDIC-insured financial institutions with offices in Jefferson Parish, with a deposit market share of 1.63%; 9 th among the 22 FDIC-insured financial institutions with offices in Orleans Parish, with a deposit market share of 0.99%; and 22 nd among the 27 FDIC-insured financial institutions with offices in St.
At December 31, 2024 2023 Amount Percent Amount Percent (Dollars in thousands) Real Estate Loans: One- to four-family residential $ 332,659 90.34 % $ 337,056 91.83 % Construction and land development 9,588 2.60 8,128 2.21 Commercial and industrial loans 14,355 3.90 12,403 3.38 Home equity lines of credit 7,952 2.16 8,550 2.33 Consumer loans 3,699 1.00 913 0.25 368,253 100.00 % 367,050 100.00 % Less: Allowance for credit losses (1,699) (2,802) Deferred loan costs 779 790 Loans receivable, net $ 367,333 $ 365,038 Contractual Maturities.
At December 31, 2024, one-to four-family residential mortgage loans totaled $332.7 million, or 90.3% of total loans.
+7 more — sign up free →
MORE OPPORTUNITY SIGNALS
ABTHIGHAbbott announced a major strategic acquisition of Exact Sciences Corporation to ...
2026-02-20
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →