Fifth District Bancorp Inc 2026年季度报告

FORM10-Q OR Commission File No.001-42198 Fifth District Bancorp,Inc.(Exact Name of Registrant as Specified in Its Charter) Maryland99-1897673(State or Other Jurisdiction of Incorporation orOrganization)(I.R.S. Employer Identification Number) (504) 362-7544(Registrant’s Telephone Number, Including Area Code) N/A(Former Name, Former Address and Former FiscalYear, if Changed Since Last Report) Securities registered pursuant to Section12(b)of the Act: Title of each classTrading symbol(s)Name of Each Exchange on Which RegisteredCommon Stock, $0.01 parvalue per shareFDSBThe Nasdaq Stock Market, LLC Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or15(d)of the Securities Exchange Act of 1934 during the preceding 12months (or for such shorter periodthat the registrant was required to file such reports), and (2)has been subject to such requirements for thepast 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule405 of Regulation S-T during the preceding 12months (or forsuch shorter period that the Registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “largeaccelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” inRule12b-2 of the Exchange Act: Large accelerated filer☐Non-accelerated filer☒ Accelerated filer☐Smaller reporting company☒Emerging growth company☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standards providedpursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act). Yes☐No☒ 5,264,856 shares of the registrant’s common stock, par value $0.01 per share, were outstanding asof May 12, 2026. Fifth District Bancorp,Inc.Form10-Q Index Part I. – Financial Information Item 1.Financial Statements1Consolidated Balance Sheets as of March 31, 2026 (unaudited) and December 31,20251Consolidated Statements of Operations for the Three months ended March 31, 2026and 2025 (unaudited)2Consolidated Statements of Comprehensive Income (Loss) for the Three monthsended March 31, 2026 and 2025 (unaudited)3Consolidated Statements of Stockholders’ Equity for the Three months ended March31, 2026 and 2025 (unaudited)4Consolidated Statements of Cash Flows for the Three months ended March 31, 2026and 2025 (unaudited)5Notes to Consolidated Financial Statements (unaudited)7Item 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations33Item 3.Quantitative and Qualitative Disclosures about Market Risk41Item 4.Controls and Procedures41 Part II. – Other Information Item 1.Legal Proceedings42Item 1A.Risk Factors42Item 2.Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases ofEquity Securities42Item 3.Defaults Upon Senior Securities42Item 4.Mine Safety Disclosures42Item 5.Other Information42Item 6.Exhibits43Signature Page44 PartI.– Financial Information The accompanying notes are an integral part of these consolidated financial statements. FIFTH DISTRICT BANCORP, INC.Consolidated Statements of Cash Flows (Continued) (Unaudited)(in thousands) FIFTH DISTRICT BANCORP, INC. Notes to Consolidated Financial Statements Note1.Summary of Significant Accounting Policies (Unaudited) Description of Business Fifth District Bancorp, Inc. (“Fifth District Bancorp” or the “Company”), a Maryland corporation,is the holding company for Fifth District Savings Bank (“Fifth District” or the “Bank”). The Bankis a federally-chartered stock savings bank subject to examination and regulation by the Office ofthe Comptroller of the Currency (OCC).The Bank attracts deposits from the general public anduses such deposits primarily to originate loans secured by first mortgages on owner-occupied,family residences and commercial real estate. The Bank’s activities are provided to customers ofthe Bank by branch offices located in the greater New Orleans area; however, loan and depositcustomers are found dispersed in a wider geographical area covering southeast Louisiana. TheBank operates as one reporting segment. Basis of Presentation The accounting and reporting policies and practices of the Company conform with accountingprinciples generally accepted in the United States of America (U.S. GAAP) and predominantpractices within the banking industry. The unaudited consolidated financial statements of the Company were prepared in accordancewith instructions for Form 10-Q and SEC Regulation S-X and do not include information orfootnotes for a complete presentation of f