secwatch.observer — SEC 8-K summary
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Issuer:     FIDELITY D & D BANCORP INC (FDBC)
CIK:        0001098151
Form:       8-K
Filed at:   2023-04-21T23:59:59+00:00
Accession:  0001437749-23-010783
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fidelity D & D Q1 2023 net income $7.0M ($1.24 EPS) vs $7.5M ($1.32) YoY
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- Net interest income $17.0M, down 2% from $17.3M YoY; cost of interest-bearing liabilities rose 111 bps to 1.33%.
- Loan portfolio grew $61M in Q1; total assets reached $2.4B, up $65M from Dec 2022.
- Adopted CECL on Jan 1, 2023; recorded $0.7M increase in allowance for credit losses on loans and $1.1M on unfunded commitments.
- Tangible book value per share rose to $27.33 at Mar 31, 2023 from $25.18 at Dec 31, 2022.
- Non-performing assets 0.14% of total assets; Tier 1 capital ratio 8.92%; total risk-based capital 14.59%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098151/000143774923010783/0001437749-23-010783-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098151/000143774923010783/fdbc20230330_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-010783

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