secwatch.observer — SEC 8-K summary
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Issuer:     FIDELITY D & D BANCORP INC (FDBC)
CIK:        0001098151
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001437749-23-028910
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fidelity D & D Bancorp Q3 net income falls to $5.3M from $7.6M; EPS $0.93 vs $1.36
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- Net interest income $14.6M, down 21% YoY due to higher deposit costs; net interest margin fell 69 bps to 2.63%.
- Non-interest income rose 11% to $4.3M, driven by trust fees and deposit service charges.
- Non-performing assets were 0.14% of total assets, flat vs year-end; net charge-offs remain low at 0.04%.
- Tier 1 capital ratio 9.22%; total risk-based capital 14.76%; bank remains well capitalized.
- Loan portfolio grew $80M YTD to $2.5B total assets; deposit mix shifted toward higher-cost CDs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098151/000143774923028910/0001437749-23-028910-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098151/000143774923028910/fdbc20230822_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-028910

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