FDBC — what changed in the latest 10-Q
A section-by-section comparison of FDBC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-08 vs the prior 10-Q · 2025-11-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +36 | −37 | ~72 | 74 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~5 | 15 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Text added/removed | 0 | −2 | ~1 | 0 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-08
Net income for the quarter ended March 31, 2026 was $7.5 million, or $1.29 basic earnings per share and $1.28 per diluted share, compared to $6.0 million, or $1.04 basic earnings per share and $1.03 per diluted share, for the quarter ended March 31, 2025. The $1.5 million, or 25%, increase in net in…
For the remainder of 2026, the Company currently expects to operate in a stable to moderately declining interest rate environment. Management’s outlook is informed primarily by the Federal Open Market Committee’s (FOMC) published statements and economic projections. During the fourth quarter of 2025…
The Company’s cost of interest-bearing liabilities was 2.27% for the three months ended March 31, 2026 compared to 2.49% for the same 2025 period. The declining rates paid on interest-bearing deposits contributed to the lower cost of interest-bearing liabilities.
For the three months ended March 31, 2026, the increase in the provision for credit losses on loans compared to the prior year period was due to significantly higher loan growth between the comparable periods.
For the three months ended March 31, 2026, the increase in the provision for credit losses on unfunded commitments compared to the prior period was due to the originated growth in the portfolio, specifically in commercial construction commitments.
Text removed vs the prior filing · source: 10-Q · 2025-11-07
Net income for the quarter ended September 30, 2025 was $7.3 million, or $1.27 per diluted share, compared to $5.0 million, or $0.86 per diluted share, for the quarter ended September 30, 2024. The $2.3 million, or 48%, increase in net income resulted primarily from a $3.0 million increase in net in…
Net interest income was $53.4 million for the nine months ended September 30, 2025 compared to $45.5 million for the nine months ended September 30, 2024. The $7.9 million increase in net interest income resulted from the increase of $9.8 million in interest income primarily due to a $186.4 million …
The overall cost of interest-bearing liabilities was 2.52% for the nine months ended September 30, 2025 compared to 2.60% for the nine months ended September 30, 2024. The cost of funds decreased 3 basis points to 1.96% for the nine months ended September 30, 2025 from 1.99% for the same period of 2…
The table that follows presents the quarterly ratios for yield on interest-earning assets, net interest margin and net interest spread for the periods indicated:
For the remainder of 2025, the Company currently expects to operate in a moderately declining interest rate environment. Management is primarily reliant on the Federal Open Market Committee's (FOMC) statements and forecast. During the third quarter of 2025, the FOMC decreased the federal funds rate …
Risk factors
Text removed vs the prior filing · source: 10-Q · 2025-11-07
Changes to trade policies and tariffs can have an adverse impact on our business and our customers.
Changes in trade policies, including the imposition of tariffs or the escalation of a trade war, could negatively impact the economic conditions in the markets we serve. Our customers, particularly local businesses engaged in agriculture, manufacturing, and retail, may face higher costs for imported…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice