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 · 2026-08-10 vs the prior 10-Q · 2026-05-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +28 | −11 | ~19 | 53 |
| 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 · 2026-08-10
Total Assets. Total assets were $532.1 million at June 30, 2026, a decrease of $2.3 million, or 0.4%, compared to $534.4 million at December 31, 2025. This decrease is primarily due to a $14.7 million decrease in cash and cash equivalents, a $4.9 million decrease in investment securities available-f…
General. Net income for the three months ended June 30, 2026, was $384,000, a decrease of $2.7 million, or 87.7%, compared to $3.1 million for the three months ended June 30, 2025. The decrease in net income was primarily from a $3.5 million decrease in non-interest income mainly due to a gain on in…
Noninterest Income. Noninterest income totaled $239,000 for the three months ended June 30, 2026, a decrease of $3.5 million, or 93.6%, from $3.7 million for the three months ended June 30, 2025. The majority of the decrease was due to a gain on bank owned life insurance proceeds for the three month…
Noninterest Expense. Noninterest expense decreased $362,000, or 9.5%, to $3.5 million for the three months ended June 30, 2026, compared to $3.8 million for the three months ended June 30, 2025. The decrease was primarily due to a decrease in salaries and employee benefits of $471,000 or 18.6%, part…
Provision (Benefit) for Income Taxes. The provision (benefit) for income taxes increased by $192,000, or 211.0%, to $101,000 for the three months ended June 30, 2026, compared to ($91,000) for the three months ended June 30, 2025. While pretax income decreased by $2.6 million, or 84.0%, for the thre…
Text removed vs the prior filing · source: 10-Q · 2026-05-12
Total Assets. Total assets were $535.7 million at March 31, 2026, an increase of $1.3 million, or 0.2%, compared to $534.4 million at December 31, 2025. This increase is primarily due to a $12.0 million increase in loans receivable, net, offset by a $10.5 million decrease in cash and cash equivalent…
General. Net income for the three months ended March 31, 2026, was $387,000, an increase of $309,000, or 396.2%, compared to $78,000 for the three months ended March 31, 2025. The increase in net income was primarily from a $443,000 increase in interest and dividend income, a $169,000 decrease in in…
Noninterest Income. Noninterest income totaled $229,000 for the three months ended March 31, 2026, a decrease of $33,000, or 12.6%, from $262,000 for the three months ended March 31, 2025. The majority of the decrease was due to a $20,000 decrease in income on bank owned life insurance for the three…
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…
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