FIDELITY D & D BANCORP INC

Listed Company

FDBCCIK 0001098151NasdaqAcceleratedSmaller ReportingNational Commercial BanksPennsylvaniaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$28.20M

Total Assets

$2.75B

Equity

$238.86M

Shares Out

5.81M

Op. Cash Flow

$42.36M

+ 13F Filer

Business

FIDELITY D & D BANCORP INC is a bank holding company that controls The Fidelity Deposit and Discount Bank and provides commercial banking and related financial services. It offers traditional banking products including deposit accounts, consumer and commercial loans, residential and commercial real estate lending, personal and corporate trust services, asset management, and alternative financial and insurance products. Key business components include the bank subsidiary, a personal and corporate trust department, asset management and insurance offerings, and retail and commercial lending operations. The Company serves communities in Lackawanna, Luzerne and Northampton counties in Northeastern and Eastern Pennsylvania through branch locations and online channels.

Summary from filing dated 2025-03-13

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Taxable	98	88	77	62	54
Nontaxable	5	5	3	2	2
Interest-bearing deposits with financial institutions	5	2	456,000	886,000	148,000
Restricted investments in bank stock	329,000	322,000	309,000	184,000	127,000
U.S. government agency and corporations	6	6	6	6	4
States and political subdivisions (nontaxable)	4	4	5	5	4
States and political subdivisions (taxable)	2	2	2	2	1
Total interest income	120	107	94	79	65
Deposits	47	43	29	6	3
Secured borrowings	368,000	435,000	475,000	209,000	156,000
Short-term borrowings	0	2	2	45,000	1,000
Total interest expense	47	45	32	—	—
Net interest income	73	62	62	72	62
Provision for credit losses on loans	1	1	1	2	—
Provision for credit losses on unfunded loan commitments	215,000	140,000	−165,000	−13,000	—
Net interest income after provision for credit losses	71	60	61	70	60
Earnings on bank-owned life insurance	2	2	1	1	1
Loans	2	972,000	899,000	2	4
Available-for-sale debt securities	−1	0	−6	4,000	46,000
Premises and equipment	296,000	−12,000	−216,000	−195,000	−186,000
Total other income	21	19	11	17	18
Salaries and employee benefits	31	29	26	27	24
Premises and equipment	10	9	9	8	7
Data processing and communication	3	3	3	3	3
Advertising and marketing	3	3	3	3	3
Professional services	4	4	4	3	3
Automated transaction processing	2	2	2	2	1
Office supplies and postage	744,000	732,000	716,000	682,000	640,000
PA shares tax expense	333,000	443,000	126,000	716,000	—
Loan collection	124,000	102,000	85,000	248,000	126,000
Other real estate owned, net	−37,000	−9,000	4,000	15,000	29,000
FDIC assessment	1	1	1	694,000	679,000
Other	4	3	4	3	3
Total other expenses	59	56	52	51	50
Income before income taxes	33	24	20	35	28
Provision for income taxes	5	3	2	5	4
Net income	28	21	18	30	24
Net income - basic (in dollars per share)	4.89	3.63	3.21	5.32	4.51
Net income - diluted (in dollars per share)	4.86	3.6	3.19	5.29	4.48
Dividends (in dollars per share)	1.63	1.54	1.46	1.35	1.23

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	25	26	29	4	27
Interest-bearing deposits with financial institutions	123	57	83	26	70
Total cash and cash equivalents	148	83	112	29	97
Available-for-sale securities (amortized cost of $333,012 in 2025; $384,280 in 2024)	297	331	—	—	—
Held-to-maturity securities (fair value of $203,137 in 2025; $194,575 in 2024)	227	226	—	—	—
Restricted investments in bank stock	4	4	4	5	3
Loans and leases, net (allowance for credit losses of $20,168 in 2025; $19,666 in 2024)	1,891	1,779	—	—	—
Loans held-for-sale (fair value $588 in 2025; $2,089 in 2024)	573,000	2	1	2	32
Foreclosed assets held-for-sale	326,000	430,000	1,000	168,000	434,000
Bank premises and equipment, net	49	36	34	31	29
Leased property under finance leases, net	757,000	975,000	1	1	1
Right-of-use assets	9	9	8	9	9
Cash surrender value of bank owned life insurance	59	58	55	54	53
Accrued interest receivable	10	10	9	8	8
Goodwill	20	20	20	20	20
Core deposit intangible, net	614,000	876,000	1	2	2
Other assets	32	25	24	27	9
Total assets	2,748	2,585	2,503	2,378	2,419
Interest-bearing	1,915	1,807	1,622	1,564	1,580
Non-interest-bearing	553	534	536	603	590
Total deposits	2,467	2,341	2,158	2,167	2,170
Allowance for credit losses on off-balance sheet credit exposures	1	1	944,000	49,000	62,000
Finance lease obligation	793,000	1	1	1	1
Operating lease liabilities	10	10	9	9	10
Short-term borrowings	20,000	0	117	13	0
Secured borrowings	6	6	7	8	11
Accrued interest payable and other liabilities	24	22	20	17	16
Total liabilities	2,509	2,381	2,314	2,215	2,207
Commitments and contingencies (Notes 13 and 17)	—	—	—	—	—
Preferred stock authorized 5,000,000 shares with no par value; none issued	0	0	0	0	0
Capital stock, no par value (10,000,000 shares authorized; shares issued and outstanding; 5,771,110 at December 31, 2025; and 5,736,252 at December 31, 2024)	121	119	118	116	114
Retained earnings	159	140	128	120	97
Accumulated other comprehensive loss	−41	−56	−56	−71	179,000
Treasury stock, at cost (180 shares at December 31, 2025 and 54 shares at December 31, 2024)	0	0	0	−1	—
Total shareholders' equity	239	204	189	163	212
Total liabilities and shareholders' equity	2,748	2,585	2,503	2,378	2,419

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, amortization and accretion	5	6	6	5	5
Deferred income tax benefit	−1	−1	−593,000	2	—
Stock-based compensation expense	1	1	2	1	1
Excess tax benefit from exercise of SSARs	21,000	0	104,000	12,000	26,000
Proceeds from sale of loans held-for-sale	68	60	52	79	162
Originations of loans held-for-sale	−58	−59	−54	−67	−187
Gain from bank-owned life insurance claim	−200,000	0	−142,000	0	—
Net gain from sales of loans	−2	−972,000	−899,000	−2	−4
Net gain from sale and write-down of foreclosed assets held-for-sale	−69,000	−13,000	−2,000	−19,000	−44,000
Net (gain) loss from write-down and disposal of bank premises and equipment	−296,000	12,000	216,000	195,000	186,000
Operating lease payments	69,000	59,000	64,000	93,000	60,000
Accrued interest receivable	−41,000	−540,000	−604,000	−961,000	−900,000
Other assets	−2	550,000	420,000	−924,000	1
Accrued interest payable and other liabilities	2	3	592,000	2	3
Net cash provided by operating activities	42	30	30	49	7
Proceeds from sales	45	0	60	2	44
Proceeds from maturities, calls and principal pay-downs	28	23	25	41	54
Purchases	−25	−15	0	—	—
Increase in restricted investments in bank stock	−412,000	−56,000	1	−2	792,000
Net increase in loans and leases	−122	−119	−122	−116	7
Principal portion of lease payments received under direct finance leases	3	4	5	6	5
Purchase of bank-owned life insurance policies	0	−2	0	0	0
Purchases of bank premises and equipment	−18	−5	−7	−6	−3
Purchases of tax credits	−7	0	—	—	—
Proceeds from death benefits received on bank-owned life insurance	419,000	0	931,000	0	—
Proceeds from sale of bank premises and equipment	623,000	20,000	844,000	1	2
Proceeds from sale of foreclosed assets held-for-sale	623,000	254,000	2,000	1	835,000
Net cash used in investing activities	−95	−114	−35	−115	−303
Net increase in deposits	127	182	−8	−3	352
Net decrease in borrowings	−247,000	−118	104	10	−12
Repayment of finance lease obligation	−218,000	−219,000	−229,000	−232,000	−159,000
Proceeds from employee stock purchase plan participants	248,000	280,000	302,000	252,000	270,000
Repurchase of shares to cover withholdings	−121,000	−79,000	−239,000	−20,000	0
Dividends paid, net of dividends reinvested	−9	−9	−7	−8	−7
Net cash provided by financing activities	118	55	88	−2	324
Net increase (decrease) in cash and cash equivalents	65	−29	83	−68	28
Interest	46	43	29	6	4
Federal taxes	5	4	3	—	—
State taxes	75,000	66,000	40,000	—	—
Net change in unrealized losses on available-for-sale securities	15	−1	16	−68	−11
Transfers from loans to foreclosed assets held-for-sale	449,000	669,000	—	776,000	481,000
Transfers from loans to loans held-for-sale, net	6	855,000	−2	18	−24
Transfers from premises and equipment to other assets held-for-sale	1	268,000	0	1	1
Net change in right-of-use asset	601,000	1	−81,000	141,000	2
Net change in lease liability	601,000	2	−81,000	141,000	—

Filings

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Holdings (13F)

Portfolio as of 2025-12-31 · 167 positions

Reported AUM

$231.45M

Holdings

167

Top sector

$231.45M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$231.45M	100.0%

Top holdings

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INTERNATIONAL BUSINESS MACHINES CORP	—	39.9K	$11.82M	5.1%
VANGUARD DIVIDEND APPRECIATION ETF	—	46.4K	$10.20M	4.4%
AVANTIS EMERGING MARKETS VALUE ETF	—	154.6K	$9.01M	3.9%
ISHARES RUSSELL 1000 GROWTH ETF	—	18.2K	$8.61M	3.7%
AVANTIS INTERNATIONAL SMALL CAP VALUE ETF	—	90.8K	$8.53M	3.7%
JOHN HANCOCK MORTGAGE-BACKED ETF	—	376.7K	$8.35M	3.6%