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 · 2026-08-07 vs the prior 10-Q · 2026-05-08
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +38 | −32 | ~72 | 78 |
| 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 | 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.
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 · 2026-08-07
For the six months ended June 30, 2026, net income was $15.3 million, or $2.64 basic earnings per share and $2.63 diluted earnings per share, a 19% increase, compared to $12.9 million, or $2.24 basic earnings per share and $2.23 diluted earnings per share, for the six months ended June 30, 2025.
The ratios of non-interest expense less non-interest income less (gain)/loss on sales of securities to average assets, is known as the expense ratio. The following table reconciles the non-GAAP financial measures of the expense ratio to GAAP:
(1) See non-GAAP financial measurements reconciliation on page 34.
Net income for the quarter ended June 30, 2026 was $7.8 million, or $1.34 earnings per share and $1.33 per diluted share, compared to $6.9 million, or $1.20 earnings per share and $1.20 per diluted share, for the quarter ended June 30, 2025. The $0.9 million, or 13%, increase in net income resulted …
Return on average assets (ROA) were 1.11% and 1.04% for the second quarters of 2026 and 2025, respectively, and 1.09% and 0.98% for the six months ended June 30, 2026 and 2025, respectively. The increase in ROA was primarily the result of an increase in net income during the second quarter of 2026 a…
Text removed vs the prior filing · source: 10-Q · 2026-05-08
For the three months ended March 31, 2026, net income was $7.5 million, or $1.29 basic earnings per share and $1.28 diluted earnings per share, a 25% increase, compared to $6.0 million, or $1.04 basic earnings per share and $1.03 diluted earnings per share, for the three months ended March 31, 2025.
(1) See non-GAAP financial measurements reconciliation on page 33.
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…
Return on average assets (ROA) was 1.08% and 0.93% for the first quarters of 2026 and 2025, respectively. During the same time periods, return on average shareholders’ equity (ROE) was 12.41% and 11.66%, respectively. The increases in ROA and ROE were primarily the result of an increase in net incom…
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…
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