Fifth District Savings Bank

Fifth District Savings Bank (FDSB) reported strong FY 2025 performance with net income of $4.1M, a significant turnaround from a $1.1M loss in 2024, driven by robust net interest income growth to $12.8M (up 27.8% YoY) and non-interest income surging to $4.4M from $11K, boosted by a $3.5M gain on insurance proceeds. Total interest income rose 14.4% to $22.1M, fueled by higher loan yields (4.47%) and investment securities income ($4.1M). Expenses increased modestly to $13.1M (up 2.9%), while provision for credit losses was minimal at $10K. Balance sheet expanded with total assets at $534.4M (up 1.3%), loans net at $376.4M (up 2.5%), and deposits at $393.2M (up 0.4%). Equity grew to $129.8M. Net interest margin improved to 2.55% from 2.13%, reflecting effective asset/liability management. Asset quality remained strong with non-performing assets at 0.11% of total assets. Operating cash flow was $1.3M, supporting liquidity amid investing outflows. This positions FDSB for sustained profitability amid stable market conditions in New Orleans MSA.

Key Takeaways