FDSB — what changed in the latest 10-Q
A section-by-section comparison of FDSB'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 · 2026-05-12 vs the prior 10-Q · 2025-11-10
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +9 | −29 | ~22 | 52 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| 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.
Not shown (absent or not faithfully extractable): Risk factors
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 · 2026-05-12
Total Stockholders’ Equity. Total stockholders’ equity decreased by $445,000, or 0.3%, to $129.3 million at March 31, 2026, from $129.8 million at December 31, 2025. The decrease resulted primarily from the accumulated other comprehensive loss (as a result of market value adjustment of investment se…
Provision for Credit Losses. The provision for credit losses on loans was $-0- for the three months ended March 31, 2026 and 2025. The allowance for credit losses on loans represented 0.43% of total loans at March 31, 2026 and 0.44% of total loans at March 31, 2025.
Noninterest Expense. Noninterest expense increased $188,000, or 6.10%, to $3.3 million for the three months ended March 31, 2026, compared to $3.1 million for the three months ended March 31, 2025. The increase was primarily due to an increase of $90,000, or 4.9%, in salaries and employee benefits, …
Provision for Income Taxes. The provision for income taxes increased by $82,000, or 390.5%, to $103,000 for the three months ended March 31, 2026, compared to $21,000 for the three months ended March 31, 2025. Pretax income increased by $391,000, or 394.9%, to $490,000 for the three months ended Mar…
Liquidity describes our ability to meet the financial obligations that arise in the ordinary course of business. Liquidity is primarily needed to meet the borrowing and deposit withdrawal requirements of our customers and to fund current and planned expenditures. Our primary sources of funds are dep…
Text removed vs the prior filing · source: 10-Q · 2025-11-10
2025, from $238.8 million at December 31, 2024. The majority of the increase in certificates of deposit was driven by new customer activity and migration from lower yielding money markets accounts. NOW accounts increased $1.0 million, or 1.9%, to $55.0 million at September 30, 2025, from $53.9 milli…
Total Stockholders’ Equity. Total stockholders’ equity increased by $5.5 million, or 4.4%, to $131.3 million at September 30, 2025, from $125.8 million at December 31, 2024. The increase resulted primarily from the accumulated other comprehensive loss (as a result of market value adjustment of inves…
Provision (Recovery) for Credit Losses. The provision for credit losses on loans was $-0- for the three months ended September 30, 2025, compared to ($110,000) for the three months ended September 30, 2024. The allowance for credit losses on loans represented 0.45% of total loans at September 30, 20…
Noninterest Expense. Noninterest expense decreased $1.1 million, or 26.0%, to $3.1 million for the three months ended September 30, 2025, compared to $4.2 million for the three months ended September 30, 2024. The decrease was primarily due to a decrease in charitable contributions of $1.3 million (…
Provision (Benefit) for Income Taxes. The provision (benefit) for income taxes increased by $301,000, or 143.3%, to $91,000 for the three months ended September 30, 2025, compared to ($210,000) for the three months ended September 30, 2024. Pretax income increased by $1.4 million, or 143.5%, to $434…
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