---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-031618"
form_type: "8-K"
ticker: "FDBC"
cik: "0001098151"
company_name: "FIDELITY D & D BANCORP INC"
filed_at: "2023-11-13T23:59:59+00:00"
generated_at: "2026-06-08T04:36:51.855835+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Fidelity D&D sells $35.6M in securities, recording $6.5M loss to reduce short-term borrowings

## Summary
- Sold $35.6 million in available-for-sale debt securities, recognizing a $6.5 million loss in Q4 2023.
- Proceeds of $29.1 million used to pay down short-term borrowings and replenish borrowing capacity.
- Cost of interest-bearing liabilities was 2.29% for October 2023.
- Action driven by elevated October borrowings and need to fund loan growth.
- Loss will adversely affect fourth-quarter 2023 operating results.

## SEC filing metadata
- accession: 0001437749-23-031618
- form_type: 8-K
- ticker: FDBC
- cik: 0001098151
- company_name: FIDELITY D & D BANCORP INC
- filed_at: 2023-11-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1098151/000143774923031618/0001437749-23-031618-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1098151/000143774923031618/fdbc20231110_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-031618
- JSON: https://secwatch.observer/filing/0001437749-23-031618.json
- Plain text: https://secwatch.observer/filing/0001437749-23-031618.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.