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Fifth District Bancorp, Inc.
FDSBCIK 0002012726NasdaqEmerging GrowthSavings Institution, Federally CharteredMarylandFY ends Dec 31
Period
FY 2025
Revenue
$605.0K
Net Income
$4.09M
Total Assets
$534.39M
Equity
$129.76M
Shares Out
5.26M
Op. Cash Flow
$1.33M
Business
Fifth District Bancorp, Inc. is a savings and loan holding company that conducts operations through its wholly owned subsidiary, Fifth District Savings Bank, a federally chartered savings bank. The bank originates and retains primarily fixed-rate residential mortgage loans, supplemented by construction, home equity, commercial real estate, commercial and industrial, and consumer loans. It gathers deposits from the New Orleans-Metairie Metropolitan Statistical Area across seven offices in Louisiana parishes, offering checking, savings, money market and certificate of deposit accounts.
Summary from 10-K filed 2026-03-24
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Loans, Including Fees | 17 | 15 | 14 | |
| Investment Securities | 4 | 3 | 2 | |
| Other Interest-Earning Assets | 1 | 1 | 605,000 | |
| Total Interest and Dividend Income | 22 | 19 | 16 | |
| Deposits | 9 | 9 | 6 | |
| Short-Term Federal Home Loan Bank Advances | — | 4,000 | 91,000 | |
| Total Interest Expense | 9 | 9 | 6 | |
| Net Interest Income | 13 | 10 | 10 | |
| Recovery of Credit Losses on Loans | — | −1 | −450,000 | |
| Provision for (Recovery of) Credit Losses on Unfunded Commitments | 10,000 | −110,000 | 125,000 | |
| Total Provision for (Recovery of) Credit Losses | 10,000 | −1 | −325,000 | |
| Net Interest Income After Provision for (Recovery of) Credit Losses | 13 | 11 | 10 | |
| Non-Interest Income (In-Scope of Topic 606) | 605,000 | 619,000 | 614,000 | |
| Bank Owned Life Insurance | 304,000 | 353,000 | — | |
| Loss on Investments Securities | — | −1 | — | |
| Gain on Sale of Premises and Equipment | — | 141,000 | — | |
| Gain on Sale of Real Estate Owned | 14,000 | — | — | |
| Gain on Insurance Proceeds | 3 | — | — | |
| Other | 38,000 | 42,000 | 47,000 | |
| Total Non-Interest Income | 4 | 11,000 | 973,000 | |
| Salaries and Employee Benefits | 8 | 7 | 6 | |
| Occupancy and Equipment | 2 | 2 | 2 | |
| Federal Deposit Insurance | 215,000 | 205,000 | 204,000 | |
| Directors | 240,000 | 277,000 | 376,000 | |
| Professional and Legal | 330,000 | 194,000 | 148,000 | |
| Audit and Examination | 332,000 | 304,000 | 146,000 | |
| Data Processing | 1 | 1 | 1 | |
| Advertising | 105,000 | 131,000 | 258,000 | |
| Charitable Contributions | 4,000 | 1 | 43,000 | |
| Other | 856,000 | 613,000 | 549,000 | |
| Total Non-Interest Expense | 13 | 13 | 10 | |
| Income (Loss) Before Income Taxes | 4 | −1 | 946,000 | |
| Income Tax Expense (Benefit) | 97,000 | −358,000 | 149,000 | |
| Net Income (Loss) | 4 | −1 | 797,000 | |
| Income (Loss) per Share - Basic (in dollars per share) | 0.8 | −0.21 | — | |
| Income (Loss) per Share - Diluted (in dollars per share) | 0.8 | −0.21 | — |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 |
|---|---|---|---|---|---|
| Cash and Due from Banks | 5 | 6 | 5 | — | |
| Interest-Bearing Deposits at Other Financial Institutions | 29 | 32 | 15 | — | |
| Total Cash and Cash Equivalents | 34 | 38 | 19 | — | |
| Investment Securities Available-for-Sale, at Fair Value (amortized cost $104,010 and $101,712 respectively) | 99 | 93 | 68 | — | |
| Restricted Stock | 935,000 | 910,000 | 881,000 | — | |
| Loans Receivable, Net of Unearned Income | 378 | 369 | 368 | — | |
| Allowance for Credit Losses | −2 | −2 | −3 | −3 | |
| Loans Receivable, Net | 376 | 367 | 365 | — | |
| Bank Owned Life Insurance | 8 | 11 | 10 | — | |
| Premises and Equipment, Net | 12 | 12 | 12 | — | |
| Accrued Interest Receivable | 2 | 2 | 2 | — | |
| Real Estate Owned | 42,000 | 42,000 | 42,000 | — | |
| Deferred Tax Asset, Net | 2 | 2 | 2 | — | |
| Other Assets | 1 | 1 | 1 | — | |
| Total Assets | 534 | 527 | 481 | — | |
| Interest-Bearing | 391 | 390 | 389 | — | |
| Noninterest-Bearing | 2 | 2 | 796,000 | — | |
| Advances from Borrowers for Taxes, Insurance, and Repairs | 6 | 5 | 4 | — | |
| Other Liabilities | 5 | 5 | 5 | — | |
| Total Liabilities | 405 | 402 | 403 | — | |
| Preferred Stock - $0.01 Par Value; 1,000,000 Shares Authorized, None Issued and Outstanding at December 31, 2025 and 2024 | — | — | — | — | |
| Common Stock - $0.01 Par Value; 20,000,000 Shares Authorized: 5,349,039 and 5,559,473 Shares Issued and Outstanding at December 31, 2025 and December 31, 2024 | 54,000 | 56,000 | — | — | |
| Additional Paid-In Capital | 51 | 53 | — | — | |
| Unearned ESOP Stock | −4 | −4 | — | — | |
| Retained Earnings | 87 | 84 | 85 | — | |
| Accumulated Other Comprehensive Loss | −4 | −7 | −7 | — | |
| Total Stockholders' Equity | 130 | 126 | 78 | 76 | |
| Total Liabilities and Stockholders' Equity | 534 | 527 | 481 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 |
|---|---|---|---|---|
| Net Income (Loss) | 4 | −1 | 797,000 | |
| Depreciation | 671,000 | 694,000 | 548,000 | |
| Net Accretion of Deferred Loan Costs | −55,000 | −11,000 | 41,000 | |
| Net Amortization on Investment Securities | 128,000 | 248,000 | 268,000 | |
| Loss on Sale of Investment Securities | — | 1 | — | |
| Federal Home Loan Bank Stock Dividend | −25,000 | −29,000 | −23,000 | |
| Deferred Tax Expense (Benefit) | 65,000 | −400,000 | 135,000 | |
| ESOP Compensation Expense | 287,000 | 246,000 | — | |
| Stock-Based Compensation | 68,000 | — | — | |
| Accrued Interest Receivable | −32,000 | −210,000 | 12,000 | |
| Other Assets | 46,000 | −95,000 | −744,000 | |
| Other Liabilities | −138,000 | 141,000 | 399,000 | |
| Net Cash Provided by (Used in) Operating Activities | 1 | −1 | 796,000 | |
| Available-for-Sale | 16 | 28 | 11 | |
| Purchases of Investment Securities Available-for-Sale | −18 | −54 | −1 | |
| Increase in Loans Receivable, Net | −9 | −1 | −15 | |
| Bank Owned Life Insurance Proceeds | 7 | — | — | |
| Proceeds from Sale of Real Estate Owned | 144,000 | — | — | |
| Proceeds from Sale of Premises and Equipment | — | 509,000 | — | |
| Purchases of Premises and Equipment | −384,000 | −510,000 | −2 | |
| Net Cash Used in Investing Activities | −5 | −27 | −7 | |
| Increase in Deposits, Net | 2 | 1 | 1 | |
| Federal Home Loan Bank Advances | — | −4 | 4 | |
| Increase in Advances by Borrowers for Taxes, Insurance and Repairs | 898,000 | 928,000 | 54,000 | |
| (Repurchase) Net Proceeds from Issuance of Common Stock | −3 | 49 | — | |
| Net Cash Provided by (Used in) Financing Activities | −360,000 | 47 | 5 | |
| Net Increase (Decrease) in Cash and Cash Equivalents | −4 | 19 | −729,000 | |
| Cash Paid During the Period for Interest | 9 | 9 | 6 | |
| Real Estate Owned Acquired Through Foreclosure | 130,000 | — | 42,000 |
Filings
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Frequently asked questions
What is Fifth District Bancorp, Inc.'s CIK number?
Fifth District Bancorp, Inc.'s SEC CIK number is 0002012726 (2012726). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Fifth District Bancorp, Inc.'s SEC filings?
All of Fifth District Bancorp, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.