Fifth District Bancorp (FDSB) investor relations material

Executive summary

• Net income for Q1 2026 was $387,000, up 396% year-over-year, driven by higher interest income and lower interest expense.

• Total assets increased 0.2% to $535.7 million, with loan growth offsetting a decline in cash and cash equivalents.

• Deposits rose 0.5% to $395.2 million, while stockholders' equity decreased slightly due to share repurchases and higher accumulated other comprehensive loss.

Financial highlights

• Interest and dividend income rose 8.5% to $5.7 million, with loan interest up 10.4% and investment securities income up 15.4%.

• Net interest income increased 20.8% to $3.5 million, with net interest margin improving to 2.85% from 2.41% year-over-year.

• Noninterest income fell 12.6% to $229,000, mainly due to lower bank-owned life insurance income and no real estate gains.

• Noninterest expense rose 6.1% to $3.3 million, primarily from higher salaries, occupancy, and professional fees.

• Provision for credit losses was zero; allowance for credit losses on loans was 0.43% of total loans.

Outlook and guidance

• Management expects sufficient liquidity to meet funding commitments and anticipates retention of a significant portion of maturing time deposits.

• No changes in internal controls or significant subsequent events were reported.