Fifth District Bancorp, Inc. (NASDAQ: FDSB)

Fifth District Bancorp, Inc. is a savings and loan holding company that conducts its operations through its wholly owned subsidiary Fifth District Savings Bank, a federally chartered savings bank. At December 31, 2025 the company reported total assets of $534.4 million, total loans of $376.4 million, total deposits of $393.2 million and stockholders’ equity of $129.8 million. The bank’s main office is located at 4000 General DeGaulle Drive New Orleans Louisiana 70114 and it operates six branch offices in Jefferson Orleans and St Tammany parishes.

The company generates revenue primarily from interest income on its loan portfolio which consists largely of fixed rate one to four family residential mortgages and from fees earned on its deposit products and electronic banking services. The loan portfolio at year end 2025 was composed of $325.8 million in one to four family mortgages (86.3% of total loans), $12.5 million in construction and land loans (3.3%), $10.5 million in commercial real estate loans (2.8%), $14.2 million in commercial and industrial loans (3.8%), $10.1 million in home equity loans and lines of credit (2.7%) and $4.2 million in consumer loans (1.1%). Deposits were made up of $76.4 million in savings accounts (19.4%), $56.3 million in NOW accounts (14.3%), $20.7 million in money market accounts (5.3%) and $239.7 million in certificates of deposit (61.0%).

Fifth District Savings Bank operates in a competitive market that includes large national banks, regional banks, community banks, savings institutions, credit unions, mortgage banking firms, consumer finance companies and fintech lenders. The bank differentiates itself through its local presence, personalized customer service, long standing relationships and a conservative underwriting approach. According to FDIC data as of June 30, 2025 it ranked eleventh among 26 institutions in Jefferson Parish with a 2.30% deposit market share, ninth among 21 institutions in Orleans Parish with a 0.89% share and twenty second among 27 institutions in St Tammany Parish with a 0.39% share. The bank maintains strong capital ratios with a total risk based capital ratio above 10% and a leverage ratio exceeding 5%, positioning it as well capitalized under regulatory standards.

The bank serves individuals and businesses located in the New Orleans Metairie MSA. Its deposit customers include retail households placing funds in savings, NOW, money market and certificate of deposit accounts as well as businesses using these accounts for operational cash needs. Its loan customers consist of homeowners seeking fixed rate one to four family mortgages, homeowners utilizing home equity lines of credit for renovations or debt consolidation, builders and developers obtaining construction and land loans, investors financing commercial real estate projects and entrepreneurs securing commercial and industrial loans for working capital equipment or business expansion.