Fifth District Bancorp Inc (FDSB) is a community banking holding company that operates Fifth District Savings Bank, a savings bank serving the greater New Orleans, Louisiana area. The company makes money primarily through net interest income, the spread between interest earned on loans and investments and interest paid on deposits. Net interest income totaled $12.8 million for the year ended December 31, 2025, up 27.8% from $10.1 million for the year ended December 31, 2024. The loan portfolio consists primarily of fixed-rate one- to four-family residential mortgage loans, with additional originations in construction loans, home equity loans, home equity lines of credit, land loans, share loans, and commercial loan participations. Non-interest income comes from service charges on deposit accounts, other fees, bank-owned life insurance income, and loan referral fees. As of December 31, 2025, the company operated seven offices across Orleans, Jefferson, and St. Tammany parishes in Louisiana, each with an ATM and drive-thru facility. Net book value of properties was $11.6 million as of December 31, 2025.

Revenue model

Net interest income is the primary revenue driver, generated from the spread between interest earned on residential mortgage loans, construction loans, and other interest-earning assets and interest paid on deposits. Average interest-bearing deposits were $394.5 million for the year ended December 31, 2025, at an average cost of 2.33%. Non-interest income includes service charges on deposit accounts, loan referral fees, and bank-owned life insurance income.

Products and services

Loan products: fixed-rate one- to four-family residential mortgage loans, construction and land development loans, home equity loans, home equity lines of credit, land loans, share loans (secured by deposit accounts), and commercial loan participations and whole loan purchases. Deposit products: checking accounts, money market accounts, and certificates of deposit.

Customers and end markets

Retail and residential borrowers in the greater New Orleans metropolitan area, including Orleans, Jefferson, and St. Tammany parishes. End markets are residential real estate lending and consumer deposit-gathering in southern Louisiana.

Value-chain role

Community savings bank originating and portfolio-holding residential mortgage loans and accepting retail deposits. The company typically retains originated loans in its own portfolio rather than selling them into the secondary market.

Geographic exposure

Operations concentrated in the greater New Orleans, Louisiana area across seven offices in Orleans Parish (main office at 4000 General DeGaulle Drive, New Orleans, and one branch), Jefferson Parish (three branches in Marrero, Westwego, and Metairie), and St. Tammany Parish (one branch in Covington), as of December 31, 2025.

Source: SEC 10-K, filed 2026-03-24

Industry: Savings Institution, Federally Chartered