0001098151 FIDELITY D & D BANCORP INC false --12-31 Q1 2024 193,973 197,176 18,886 18,806 277 1,483 5,000,000 5,000,000 0 0 0 0 0 0 10,000,000 10,000,000 5,735,732 5,735,732 5,703,636 5,703,636 10 38 0 0 0 0 0 0 0 10 0 0 0 0 0 False False False False Amount necessary to reduce net minimum lease payments to present value calculated at the Company’s incremental borrowing rate upon lease inception. Vest fully after 3 years Includes net deferred loan costs of $4.9 million. Includes non-accrual loans. Net of unearned lease revenue of $2.1 million. The future minimum lease payments have not been reduced by estimated executory costs (such as taxes and maintenance) since this amount was deemed immaterial by management. Vest after 3 years – 33% each year Vest after 1 year Net of unearned lease revenue of $2.0 million. Includes net deferred loan costs of $5.0 million. 00010981512024-01-012024-03-31 xbrli:shares 00010981512024-04-30 thunderdome:item iso4217:USD 00010981512024-03-31 00010981512023-12-31 iso4217:USDxbrli:shares 00010981512023-01-012023-03-31 0001098151us-gaap:DepositAccountMember2024-01-012024-03-31 0001098151us-gaap:DepositAccountMember2023-01-012023-03-31 0001098151us-gaap:CreditAndDebitCardMember2024-01-012024-03-31 0001098151us-gaap:CreditAndDebitCardMember2023-01-012023-03-31 0001098151us-gaap:BankServicingMember2024-01-012024-03-31 0001098151us-gaap:BankServicingMember2023-01-012023-03-31 0001098151us-gaap:FiduciaryAndTrustMember2024-01-012024-03-31 0001098151us-gaap:FiduciaryAndTrustMember2023-01-012023-03-31 0001098151us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember2024-01-012024-03-31 0001098151us-gaap:InvestmentAdvisoryManagementAndAdministrativeServiceMember2023-01-012023-03-31 0001098151us-gaap:FinancialServiceOtherMember2024-01-012024-03-31 0001098151us-gaap:FinancialServiceOtherMember2023-01-012023-03-31 0001098151fdbc:CommonStockOutstandingMember2022-12-31 0001098151us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2022-12-31 0001098151us-gaap:RetainedEarningsMember2022-12-31 0001098151us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-31 00010981512022-12-31 0001098151us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2022-12-31 0001098151us-gaap:AccountingStandardsUpdate201613Membersrt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2022-12-31 0001098151us-gaap:RetainedEarningsMember2023-01-012023-03-31 0001098151us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-31 0001098151fdbc:CommonStockOutstandingMember2023-01-012023-03-31 0001098151us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2023-01-012023-03-31 0001098151us-gaap:TreasuryStockCommonMember2023-01-012023-03-31 0001098151fdbc:CommonStockOutstandingMember2023-03-31 0001098151us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2023-03-31 0001098151us-gaap:RetainedEarningsMember2023-03-31 0001098151us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-31 00010981512023-03-31 0001098151fdbc:CommonStockOutstandingMember2023-12-31 0001098151us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2023-12-31 0001098151us-gaap:RetainedEarningsMember2023-12-31 0001098151us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-12-31 0001098151us-gaap:TreasuryStockCommonMember2023-12-31 0001098151us-gaap:RetainedEarningsMember2024-01-012024-03-31 0001098151us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-01-012024-03-31 0001098151fdbc:CommonStockOutstandingMember2024-01-012024-03-31 0001098151us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2024-01-012024-03-31 0001098151us-gaap:TreasuryStockCommonMember2024-01-012024-03-31 0001098151fdbc:CommonStockOutstandingMember2024-03-31 0001098151us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember2024-03-31 0001098151us-gaap:RetainedEarningsMember2024-03-31 0001098151us-gaap:AccumulatedOtherComprehensiveIncomeMember2024-03-31 0001098151us-gaap:TreasuryStockCommonMember2024-03-31 0001098151us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-12-31 0001098151fdbc:AociGainLossDebtSecuritiesSecuritiesTransferredToHeldtomaturityMember2023-12-31 0001098151us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-01-012024-03-31 0001098151fdbc:AociGainLossDebtSecuritiesSecuritiesTransferredToHeldtomaturityMember2024-01-012024-03-31 0001098151us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-03-31 0001098151fdbc:AociGainLossDebtSecuritiesSecuritiesTransferredToHeldtomaturityMember2024-03-31 0001098151us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2022-12-31 0001098151fdbc:AociGainLossDebtSecuritiesSecuritiesTransferredToHeldtomaturityMember2022-12-31 0001098151us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-01-012023-03-31 0001098151fdbc:AociGainLossDebtSecuritiesSecuritiesTransferredToHeldtomaturityMember2023-01-012023-03-31 0001098151us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-03-31 0001098151fdbc:AociGainLossDebtSecuritiesSecuritiesTransferredToHeldtomaturityMember2023-03-31 0001098151us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2024-01-012024-03-31 0001098151us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMemberus-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2023-01-012023-03-31 0001098151fdbc:AccruedInterestReceivableMember2024-03-31 0001098151fdbc:AccruedInterestReceivableMember2023-12-31 0001098151us-gaap:USGovernmentAgenciesDebtSecuritiesMember2024-03-31 0001098151us-gaap:USStatesAndPoliticalSubdivisionsMember2024-03-31 0001098151us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-03-31 0001098151us-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-12-31 0001098151us-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-31 0001098151us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-12-31 0001098151us-gaap:AssetPledgedAsCollateralMemberus-gaap:DepositsMember2024-03-31 xbrli:pure 0001098151us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:MeasurementInputLossSeverityMember2024-03-31 0001098151us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMemberus-gaap:MeasurementInputLossSeverityMember2024-03-31 0001098151us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:MeasurementInputLossSeverityMember2024-03-31 00010981512022-04-012022-04-01 00010981512022-04-01 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:RecourseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:RecourseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:NonrecourseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:NonrecourseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:PrincipalForgivenessMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:PaymentDeferralMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:ContractualInterestRateReductionMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:ExtendedMaturityAndPrincipalForgivenessMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:PrincipalForgivenessMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:PaymentDeferralMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:ExtendedMaturityMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:ContractualInterestRateReductionMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:ExtendedMaturityAndPrincipalForgivenessMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMember2024-01-012024-03-31 0001098151us-gaap:PrincipalForgivenessMember2024-01-012024-03-31 0001098151us-gaap:PaymentDeferralMember2024-01-012024-03-31 0001098151us-gaap:ExtendedMaturityMember2024-01-012024-03-31 0001098151us-gaap:ContractualInterestRateReductionMember2024-01-012024-03-31 0001098151us-gaap:ExtendedMaturityAndPrincipalForgivenessMember2024-01-012024-03-31 0001098151us-gaap:ExtendedMaturityAndInterestRateReductionMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:PrincipalForgivenessMember2023-01-012023-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:PaymentDeferralMember2023-01-012023-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:ExtendedMaturityMember2023-01-012023-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:ContractualInterestRateReductionMember2023-01-012023-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:ExtendedMaturityAndPrincipalForgivenessMember2023-01-012023-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:ExtendedMaturityAndInterestRateReductionMember2023-01-012023-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMember2023-01-012023-03-31 0001098151us-gaap:PrincipalForgivenessMember2023-01-012023-03-31 0001098151us-gaap:PaymentDeferralMember2023-01-012023-03-31 0001098151us-gaap:ExtendedMaturityMember2023-01-012023-03-31 0001098151us-gaap:ContractualInterestRateReductionMember2023-01-012023-03-31 0001098151us-gaap:ExtendedMaturityAndPrincipalForgivenessMember2023-01-012023-03-31 0001098151us-gaap:ExtendedMaturityAndInterestRateReductionMember2023-01-012023-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancialAssetNotPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancialAssetPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancialAssetPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2024-01-012024-03-31 0001098151us-gaap:FinancialAssetNotPastDueMember2024-01-012024-03-31 0001098151us-gaap:FinancingReceivables30To59DaysPastDueMember2024-01-012024-03-31 0001098151us-gaap:FinancingReceivables60To89DaysPastDueMember2024-01-012024-03-31 0001098151us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-01-012024-03-31 0001098151us-gaap:FinancialAssetPastDueMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2023-01-012023-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-01-012023-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-01-012023-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-01-012023-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancialAssetPastDueMember2023-01-012023-03-31 0001098151us-gaap:FinancialAssetNotPastDueMember2023-01-012023-03-31 0001098151us-gaap:FinancingReceivables30To59DaysPastDueMember2023-01-012023-03-31 0001098151us-gaap:FinancingReceivables60To89DaysPastDueMember2023-01-012023-03-31 0001098151us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-01-012023-03-31 0001098151us-gaap:FinancialAssetPastDueMember2023-01-012023-03-31 utr:M 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancialAssetPastDueMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancialAssetNotPastDueMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:FinancialAssetPastDueMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:FinancialAssetNotPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancialAssetPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetPastDueMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancialAssetPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancialAssetNotPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancialAssetPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancialAssetNotPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:RecourseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:RecourseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:RecourseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancialAssetPastDueMemberus-gaap:RecourseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:RecourseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:NonrecourseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:NonrecourseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:NonrecourseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancialAssetPastDueMemberus-gaap:NonrecourseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:NonrecourseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseNetOfUnearnedLeaseRevenueMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseNetOfUnearnedLeaseRevenueMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseNetOfUnearnedLeaseRevenueMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseNetOfUnearnedLeaseRevenueMemberus-gaap:FinancialAssetPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseNetOfUnearnedLeaseRevenueMemberus-gaap:FinancialAssetNotPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseNetOfUnearnedLeaseRevenueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMemberus-gaap:FinancialAssetPastDueMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMemberus-gaap:FinancialAssetNotPastDueMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancialAssetPastDueMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancialAssetNotPastDueMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetPastDueMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMember2024-03-31 0001098151us-gaap:FinancingReceivables30To59DaysPastDueMember2024-03-31 0001098151us-gaap:FinancingReceivables60To89DaysPastDueMember2024-03-31 0001098151us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2024-03-31 0001098151us-gaap:FinancialAssetPastDueMember2024-03-31 0001098151us-gaap:FinancialAssetNotPastDueMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancialAssetPastDueMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:FinancialAssetNotPastDueMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:FinancialAssetPastDueMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:FinancialAssetNotPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancialAssetPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetPastDueMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancialAssetPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMemberus-gaap:FinancialAssetNotPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancialAssetPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMemberus-gaap:FinancialAssetNotPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:RecourseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:RecourseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:RecourseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancialAssetPastDueMemberus-gaap:RecourseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:RecourseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMemberus-gaap:NonrecourseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMemberus-gaap:NonrecourseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMemberus-gaap:NonrecourseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancialAssetPastDueMemberus-gaap:NonrecourseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:FinancialAssetNotPastDueMemberus-gaap:NonrecourseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseMemberus-gaap:FinancialAssetPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseMemberus-gaap:FinancialAssetNotPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMemberus-gaap:FinancialAssetPastDueMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMemberus-gaap:FinancialAssetNotPastDueMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancialAssetPastDueMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMemberus-gaap:FinancialAssetNotPastDueMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetPastDueMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:FinancialAssetNotPastDueMember2023-12-31 0001098151us-gaap:FinancingReceivables30To59DaysPastDueMember2023-12-31 0001098151us-gaap:FinancingReceivables60To89DaysPastDueMember2023-12-31 0001098151us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-12-31 0001098151us-gaap:FinancialAssetPastDueMember2023-12-31 0001098151us-gaap:FinancialAssetNotPastDueMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:PassMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:SpecialMentionMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:SubstandardMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:DoubtfulMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMember2024-01-012024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:PassMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:SpecialMentionMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:SubstandardMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:DoubtfulMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:PassMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:SpecialMentionMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:SubstandardMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:DoubtfulMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:PassMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:SpecialMentionMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:SubstandardMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:DoubtfulMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:PassMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SpecialMentionMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SubstandardMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:DoubtfulMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMember2024-01-012024-03-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2024-03-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2024-01-012024-03-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2024-03-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2024-01-012024-03-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:RecourseMember2024-03-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:RecourseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:RecourseMember2024-01-012024-03-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:NonrecourseMember2024-03-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:NonrecourseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:NonrecourseMember2024-01-012024-03-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseMember2024-03-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseMember2024-01-012024-03-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMember2024-03-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMember2024-01-012024-03-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2024-03-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2024-01-012024-03-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2024-03-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2024-01-012024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:PassMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:SpecialMentionMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:SubstandardMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMemberus-gaap:DoubtfulMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMember2023-01-012023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:PassMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:SpecialMentionMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:SubstandardMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMemberus-gaap:DoubtfulMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMemberfdbc:MunicipalMember2023-01-012023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:PassMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:SpecialMentionMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:SubstandardMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMemberus-gaap:DoubtfulMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMember2023-01-012023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:PassMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:SpecialMentionMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:SubstandardMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMemberus-gaap:DoubtfulMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMember2023-01-012023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:PassMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SpecialMentionMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:SubstandardMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMemberus-gaap:DoubtfulMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:ConstructionLoansMember2023-01-012023-12-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2023-12-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2023-01-012023-12-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2023-12-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2023-01-012023-12-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:RecourseMember2023-12-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:RecourseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:RecourseMember2023-01-012023-12-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:NonrecourseMember2023-12-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:NonrecourseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:NonrecourseMember2023-01-012023-12-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseMember2023-12-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:DirectFinancingLeaseMember2023-01-012023-12-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMember2023-12-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMember2023-01-012023-12-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2023-12-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2023-01-012023-12-31 0001098151us-gaap:PerformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2023-12-31 0001098151us-gaap:NonperformingFinancingReceivableMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ConstructionLoansMember2023-01-012023-12-31 0001098151us-gaap:RealEstateMemberus-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMember2024-03-31 0001098151fdbc:OtherCollateralMemberus-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMember2024-03-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMember2024-03-31 0001098151us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMember2024-03-31 0001098151fdbc:OtherCollateralMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMember2024-03-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMember2024-03-31 0001098151us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMember2024-03-31 0001098151fdbc:OtherCollateralMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMember2024-03-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMember2024-03-31 0001098151us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2024-03-31 0001098151fdbc:OtherCollateralMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2024-03-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2024-03-31 0001098151us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2024-03-31 0001098151fdbc:OtherCollateralMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2024-03-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2024-03-31 0001098151us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:NonrecourseMember2024-03-31 0001098151fdbc:OtherCollateralMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:NonrecourseMember2024-03-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:NonrecourseMember2024-03-31 0001098151us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMember2024-03-31 0001098151fdbc:OtherCollateralMemberus-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMember2024-03-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberfdbc:OtherLoanMember2024-03-31 0001098151us-gaap:RealEstateMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2024-03-31 0001098151fdbc:OtherCollateralMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2024-03-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2024-03-31 0001098151us-gaap:RealEstateMember2024-03-31 0001098151fdbc:OtherCollateralMember2024-03-31 0001098151us-gaap:CollateralPledgedMember2024-03-31 0001098151us-gaap:RealEstateMemberus-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMember2023-12-31 0001098151fdbc:OtherCollateralMemberus-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMember2023-12-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:CommercialPortfolioSegmentMemberfdbc:CommercialMember2023-12-31 0001098151us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMember2023-12-31 0001098151fdbc:OtherCollateralMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMember2023-12-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:NonownerOccupiedMember2023-12-31 0001098151us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMember2023-12-31 0001098151fdbc:OtherCollateralMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMember2023-12-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberfdbc:OwnerOccupiedMember2023-12-31 0001098151us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2023-12-31 0001098151fdbc:OtherCollateralMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2023-12-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityLoanMember2023-12-31 0001098151us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2023-12-31 0001098151fdbc:OtherCollateralMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2023-12-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:HomeEquityMember2023-12-31 0001098151us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:NonrecourseMember2023-12-31 0001098151fdbc:OtherCollateralMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:NonrecourseMember2023-12-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:AutomobileLoanMemberus-gaap:NonrecourseMember2023-12-31 0001098151us-gaap:RealEstateMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2023-12-31 0001098151fdbc:OtherCollateralMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2023-12-31 0001098151us-gaap:CollateralPledgedMemberus-gaap:ResidentialPortfolioSegmentMemberus-gaap:RealEstateLoanMember2023-12-31 0001098151us-gaap:RealEstateMember2023-12-31 0001098151fdbc:OtherCollateralMember2023-12-31 0001098151us-gaap:CollateralPledgedMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMember2023-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMember2023-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMember2023-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMember2023-12-31 0001098151us-gaap:UnallocatedFinancingReceivablesMember2023-12-31 0001098151us-gaap:CommercialPortfolioSegmentMember2024-01-012024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMember2024-01-012024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMember2024-01-012024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMember2024-01-012024-03-31 0001098151us-gaap:UnallocatedFinancingReceivablesMember2024-01-012024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMember2024-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMember2024-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMember2024-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMember2024-03-31 0001098151us-gaap:UnallocatedFinancingReceivablesMember2024-03-31 0001098151us-gaap:CommercialPortfolioSegmentMember2022-12-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-31 0001098151us-gaap:ConsumerPortfolioSegmentMember2022-12-31 0001098151us-gaap:ResidentialPortfolioSegmentMember2022-12-31 0001098151us-gaap:UnallocatedFinancingReceivablesMember2022-12-31 0001098151srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialPortfolioSegmentMember2022-12-31 0001098151srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-31 0001098151srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:ConsumerPortfolioSegmentMember2022-12-31 0001098151srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:ResidentialPortfolioSegmentMember2022-12-31 0001098151srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:UnallocatedFinancingReceivablesMember2022-12-31 0001098151srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2022-12-31 0001098151us-gaap:CommercialPortfolioSegmentMember2023-01-012023-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMember2023-01-012023-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMember2023-01-012023-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMember2023-01-012023-03-31 0001098151us-gaap:UnallocatedFinancingReceivablesMember2023-01-012023-03-31 0001098151us-gaap:CommercialPortfolioSegmentMember2023-03-31 0001098151us-gaap:CommercialRealEstatePortfolioSegmentMember2023-03-31 0001098151us-gaap:ConsumerPortfolioSegmentMember2023-03-31 0001098151us-gaap:ResidentialPortfolioSegmentMember2023-03-31 0001098151us-gaap:UnallocatedFinancingReceivablesMember2023-03-31 0001098151srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2023-12-31 0001098151fdbc:StockSettledStockAppreciationRightsSSARsMember2024-01-012024-03-31 0001098151fdbc:StockSettledStockAppreciationRightsSSARsMember2023-01-012023-03-31 0001098151us-gaap:RestrictedStockMember2024-01-012024-03-31 0001098151us-gaap:RestrictedStockMember2023-01-012023-03-31 0001098151fdbc:The2022StockIncentivePlanMember2024-03-31 utr:Y 0001098151fdbc:StockSettledStockAppreciationRightsSSARsMemberfdbc:LongtermIncentivePlanMember2015-01-012015-12-31 0001098151us-gaap:RestrictedStockMemberfdbc:LongtermIncentivePlanMemberfdbc:NewEmployeeMember2024-01-012024-03-31 0001098151us-gaap:RestrictedStockMemberfdbc:LongtermIncentivePlanMemberfdbc:NewEmployeeMember2023-01-012023-03-31 0001098151fdbc:AwardDateOneMemberus-gaap:RestrictedStockMemberfdbc:The2012OmnibusStockIncentivePlanMember2024-01-012024-03-31 0001098151fdbc:AwardDateOneMemberus-gaap:RestrictedStockMemberfdbc:The2012OmnibusStockIncentivePlanMember2023-01-012023-03-31 0001098151fdbc:AwardDateTwoMemberus-gaap:RestrictedStockMemberfdbc:The2012OmnibusStockIncentivePlanMember2024-01-012024-03-31 0001098151fdbc:AwardDateTwoMemberus-gaap:RestrictedStockMemberfdbc:The2012OmnibusStockIncentivePlanMember2023-01-012023-03-31 0001098151fdbc:AwardDateThreeMemberus-gaap:RestrictedStockMemberfdbc:The2012OmnibusStockIncentivePlanMember2024-01-012024-03-31 0001098151fdbc:AwardDateThreeMemberus-gaap:RestrictedStockMemberfdbc:The2012OmnibusStockIncentivePlanMember2023-01-012023-03-31 0001098151fdbc:AwardDateFourMemberus-gaap:RestrictedStockMemberfdbc:The2012OmnibusStockIncentivePlanMember2024-01-012024-03-31 0001098151fdbc:AwardDateFourMemberus-gaap:RestrictedStockMemberfdbc:The2012OmnibusStockIncentivePlanMember2023-01-012023-03-31 0001098151fdbc:AwardDateThreeMemberus-gaap:RestrictedStockMemberfdbc:The2022StockIncentivePlanMember2024-01-012024-03-31 0001098151fdbc:AwardDateTwoMemberus-gaap:RestrictedStockMemberfdbc:The2022StockIncentivePlanMember2024-01-012024-03-31 0001098151us-gaap:RestrictedStockMemberfdbc:The2022StockIncentivePlanMemberfdbc:VestingEachYearMember2024-01-012024-03-31 0001098151us-gaap:RestrictedStockMemberfdbc:The2012DirectorStockIncentivePlanMember2023-12-31 0001098151us-gaap:RestrictedStockMemberfdbc:The2012OmnibusStockIncentivePlanMember2023-12-31 0001098151us-gaap:RestrictedStockMember2023-12-31 0001098151us-gaap:RestrictedStockMemberfdbc:The2012DirectorStockIncentivePlanMember2024-01-012024-03-31 0001098151us-gaap:RestrictedStockMemberfdbc:The2012OmnibusStockIncentivePlanMember2024-01-012024-03-31 0001098151us-gaap:RestrictedStockMemberfdbc:The2012DirectorStockIncentivePlanMember2024-03-31 0001098151us-gaap:RestrictedStockMemberfdbc:The2012OmnibusStockIncentivePlanMember2024-03-31 0001098151us-gaap:RestrictedStockMember2024-03-31 0001098151fdbc:StockSettledStockAppreciationRightsSSARsMember2023-12-31 0001098151fdbc:StockSettledStockAppreciationRightsSSARsMember2023-01-012023-12-31 0001098151fdbc:StockSettledStockAppreciationRightsSSARsMember2024-03-31 0001098151fdbc:The2012DirectorStockIncentivePlanMember2024-01-012024-03-31 0001098151fdbc:The2012DirectorStockIncentivePlanMember2023-01-012023-03-31 0001098151fdbc:The2012OmnibusStockIncentivePlanMember2024-01-012024-03-31 0001098151fdbc:The2012OmnibusStockIncentivePlanMember2023-01-012023-03-31 0001098151fdbc:The2022OmnibusStockIncentivePlanMember2024-01-012024-03-31 0001098151fdbc:The2022OmnibusStockIncentivePlanMember2023-01-012023-03-31 0001098151fdbc:The2002EmployeeStockPurchasePlanMember2024-01-012024-03-31 0001098151fdbc:The2002EmployeeStockPurchasePlanMember2023-01-012023-03-31 0001098151fdbc:The2012DirectorStockIncentivePlanMember2024-03-31 0001098151fdbc:The2012OmnibusStockIncentivePlanMember2024-03-31 0001098151fdbc:The2022OmnibusStockIncentivePlanMember2024-03-31 0001098151fdbc:The2002EmployeeStockPurchasePlanMember2024-03-31 0001098151us-gaap:CarryingReportedAmountFairValueDisclosureMember2024-03-31 0001098151us-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-31 0001098151us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-31 0001098151us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-31 0001098151us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-31 0001098151fdbc:DepositsWithNoStatedMaturitiesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2024-03-31 0001098151fdbc:DepositsWithNoStatedMaturitiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-31 0001098151us-gaap:FairValueInputsLevel1Memberfdbc:DepositsWithNoStatedMaturitiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-31 0001098151us-gaap:FairValueInputsLevel2Memberfdbc:DepositsWithNoStatedMaturitiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-31 0001098151us-gaap:FairValueInputsLevel3Memberfdbc:DepositsWithNoStatedMaturitiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-31 0001098151fdbc:TimeDepositsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2024-03-31 0001098151fdbc:TimeDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-31 0001098151us-gaap:FairValueInputsLevel1Memberfdbc:TimeDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-31 0001098151us-gaap:FairValueInputsLevel2Memberfdbc:TimeDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-31 0001098151us-gaap:FairValueInputsLevel3Memberfdbc:TimeDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-31 0001098151us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-12-31 0001098151us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-31 0001098151us-gaap:FairValueInputsLevel1Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-31 0001098151us-gaap:FairValueInputsLevel2Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-31 0001098151us-gaap:FairValueInputsLevel3Memberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-31 0001098151fdbc:DepositsWithNoStatedMaturitiesMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-12-31 0001098151fdbc:DepositsWithNoStatedMaturitiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-31 0001098151us-gaap:FairValueInputsLevel1Memberfdbc:DepositsWithNoStatedMaturitiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-31 0001098151us-gaap:FairValueInputsLevel2Memberfdbc:DepositsWithNoStatedMaturitiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-31 0001098151us-gaap:FairValueInputsLevel3Memberfdbc:DepositsWithNoStatedMaturitiesMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-31 0001098151fdbc:TimeDepositsMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-12-31 0001098151fdbc:TimeDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-31 0001098151us-gaap:FairValueInputsLevel1Memberfdbc:TimeDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-31 0001098151us-gaap:FairValueInputsLevel2Memberfdbc:TimeDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-31 0001098151us-gaap:FairValueInputsLevel3Memberfdbc:TimeDepositsMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-31 0001098151us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2024-03-31 0001098151us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2024-03-31 0001098151us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2024-03-31 0001098151us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2024-03-31 0001098151us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-03-31 0001098151us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-03-31 0001098151us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-03-31 0001098151us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2024-03-31 0001098151us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-03-31 0001098151us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-03-31 0001098151us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-03-31 0001098151us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2024-03-31 0001098151us-gaap:FairValueMeasurementsRecurringMember2024-03-31 0001098151us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-31 0001098151us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-31 0001098151us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-31 0001098151us-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-31 0001098151us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-31 0001098151us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-31 0001098151us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-31 0001098151us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-12-31 0001098151us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-12-31 0001098151us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-12-31 0001098151us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-12-31 0001098151us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-31 0001098151us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-31 0001098151us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-31 0001098151us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2023-12-31 0001098151us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-12-31 0001098151us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-12-31 0001098151us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-12-31 0001098151us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2023-12-31 0001098151us-gaap:FairValueMeasurementsRecurringMember2023-12-31 0001098151us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-31 0001098151us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-31 0001098151us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-31 0001098151us-gaap:InterestRateSwapMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-31 0001098151us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-31 0001098151us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-31 0001098151us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-31 00010981512023-01-012023-12-31 0001098151fdbc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MarketApproachValuationTechniqueMember2024-03-31 0001098151fdbc:ImpairedLoansMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MarketApproachValuationTechniqueMember2024-03-31 0001098151fdbc:ImpairedLoansMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MarketApproachValuationTechniqueMember2024-03-31 0001098151fdbc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MarketApproachValuationTechniqueMember2024-03-31 0001098151fdbc:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-31 0001098151fdbc:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-31 0001098151fdbc:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-31 0001098151fdbc:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-31 0001098151us-gaap:FairValueMeasurementsNonrecurringMember2024-03-31 0001098151us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-31 0001098151us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-31 0001098151us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2024-03-31 0001098151fdbc:ImpairedLoansMemberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-31 0001098151fdbc:ImpairedLoansMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-31 0001098151fdbc:ImpairedLoansMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-31 0001098151fdbc:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MarketApproachValuationTechniqueMember2023-12-31 0001098151fdbc:OtherRealEstateOwnedMemberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-31 0001098151fdbc:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-31 0001098151fdbc:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-31 0001098151fdbc:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-31 0001098151us-gaap:FairValueMeasurementsNonrecurringMember2023-12-31 0001098151us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-31 0001098151us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-31 0001098151us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2023-12-31 0001098151us-gaap:MeasurementInputCostToSellMembersrt:MinimumMember2024-03-31 0001098151us-gaap:MeasurementInputCostToSellMembersrt:MaximumMember2024-03-31 0001098151us-gaap:MeasurementInputCostToSellMembersrt:MinimumMember2023-12-31 0001098151us-gaap:MeasurementInputCostToSellMembersrt:MaximumMember2023-12-31 0001098151us-gaap:MeasurementInputCostToSellMembersrt:WeightedAverageMember2024-03-31 0001098151us-gaap:MeasurementInputCostToSellMembersrt:WeightedAverageMember2023-12-31 0001098151us-gaap:MeasurementInputDiscountRateMembersrt:MinimumMember2024-03-31 0001098151us-gaap:MeasurementInputDiscountRateMembersrt:MinimumMember2023-12-31 0001098151us-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2024-03-31 0001098151us-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2023-12-31 0001098151us-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMember2024-03-31 0001098151us-gaap:MeasurementInputDiscountRateMembersrt:WeightedAverageMember2023-12-31 0001098151srt:OfficerMember2024-03-31 0001098151srt:OfficerMember2023-12-31 0001098151srt:ExecutiveOfficerMember2024-03-31 0001098151srt:ExecutiveOfficerMember2023-12-31 0001098151us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2017-03-29 0001098151us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2019-03-20 0001098151fdbc:LandmarkBancorpIncMemberus-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2021-07-01 0001098151us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2024-03-31 0001098151us-gaap:SupplementalEmployeeRetirementPlanDefinedBenefitMember2023-12-31 0001098151fdbc:AdministrativeOfficeMember2024-03-31 0001098151us-gaap:LandMember2024-03-31 0001098151fdbc:StandaloneATMMember2024-03-31 0001098151us-gaap:EquipmentMember2024-03-31 0001098151fdbc:PremisesAndEquipmentExpenseMember2024-01-012024-03-31 0001098151us-gaap:OtherExpenseMember2024-01-012024-03-31 0001098151fdbc:PremisesAndEquipmentExpenseMember2023-01-012023-03-31 0001098151us-gaap:OtherExpenseMember2023-01-012023-03-31 0001098151fdbc:CustomerInterestRateSwapsMember2024-03-31 0001098151fdbc:CustomerInterestRateSwapsMember2024-01-012024-03-31 0001098151fdbc:ThirdPartyInterestRateSwapsMember2024-03-31 0001098151fdbc:ThirdPartyInterestRateSwapsMember2024-01-012024-03-31 0001098151fdbc:UsGovernmentAgenciesAndCorporationsMember2024-01-012024-03-31 0001098151fdbc:UsGovernmentAgenciesAndCorporationsMember2023-01-012023-03-31 0001098151fdbc:PayfixedInterestRateSwapMember2024-03-31 0001098151fdbc:PayfixedInterestRateSwapMember2024-01-012024-03-31 0001098151fdbc:InvestmentSecuritiesMemberus-gaap:AssetPledgedAsCollateralMemberfdbc:DerivativeInstrumentRateSwapMember2024-03-31
 

 

Table of Contents

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended March 31, 2024

 

OR

 

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from ______________to______________________

 

Commission file number: 001-38229

 

FIDELITY D & D BANCORP, INC.

 

STATE OF INCORPORATION:IRS EMPLOYER IDENTIFICATION NO:
Pennsylvania23-3017653

 

Address of principal executive offices:

Blakely & Drinker St.

Dunmore, Pennsylvania 18512

TELEPHONE: 570-342-8281

 

SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT:

 

Title of each class

Trading Symbols(s)

Name of each exchange on which registered

Common stock, without par value

FDBC

The NASDAQ Stock Market, LLC

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subjected to such filing requirements for the past 90 days. ☒ Yes ☐ No

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ☒ Yes ☐ No

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ☐

Non-accelerated filer ☒

Accelerated filer ☐

 

Smaller reporting company 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒ No

 

The number of outstanding shares of Common Stock of Fidelity D & D Bancorp, Inc. on April 30, 2024, the latest practicable date, was 5,735,732 shares.

 

 

 

 

FIDELITY D & D BANCORP, INC.

 

Form 10-Q March 31, 2024

 

Index

 

Part I. Financial Information

 

Page

Item 1.

Financial Statements (unaudited):

 
 

Consolidated Balance Sheets as of March 31, 2024 and December 31, 2023

3

 

Consolidated Statements of Income for the three months ended March 31, 2024 and 2023

4

 

Consolidated Statements of Comprehensive Income for the three months ended March 31, 2024 and 2023

5

 

Consolidated Statements of Changes in Shareholders’ Equity for the three months ended March 31, 2024 and 2023

6

 

Consolidated Statements of Cash Flows for the three months ended March 31, 2024 and 2023

7

 

Notes to Consolidated Financial Statements (Unaudited)

9

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

36

Item 3.

Quantitative and Qualitative Disclosure about Market Risk

54

Item 4.

Controls and Procedures

59

     

Part II. Other Information

   

Item 1.

Legal Proceedings

59

Item 1A.

Risk Factors

59

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

59

Item 3.

Defaults upon Senior Securities

59

Item 4.

Mine Safety Disclosures

59

Item 5.

Other Information

59

Item 6.

Exhibits

60

Signatures

 

62

 

 

2

 

 

PART I Financial Information

Item 1: Financial Statements

Fidelity D & D Bancorp, Inc. and Subsidiary

Consolidated Balance Sheets                

(Unaudited)

        

(dollars in thousands)

 

March 31, 2024

  

December 31, 2023

 

Assets:

        

Cash and due from banks

 $34,454  $28,949 

Interest-bearing deposits with financial institutions

  38,279   83,000 

Total cash and cash equivalents

  72,733   111,949 

Available-for-sale securities

  334,404   344,040 

Held-to-maturity securities (fair value of $193,973 in 2024; $197,176 in 2023)

  224,612   224,233 

Restricted investments in bank stock

  3,959   3,905 

Loans and leases, net (allowance for credit losses of $18,886 in 2024; $18,806 in 2023)

  1,678,142   1,666,292 

Loans held-for-sale (fair value $277 in 2024; $1,483 in 2023)

  271   1,457 

Foreclosed assets held-for-sale

  220   1 

Bank premises and equipment, net

  34,899   34,232 

Leased property under finance leases, net

  1,116   1,173 

Right-of-use assets

  9,056   7,771 

Cash surrender value of bank owned life insurance

  54,921   54,572 

Accrued interest receivable

  9,398   9,092 

Goodwill

  19,628   19,628 

Core deposit intangible, net

  1,100   1,184 

Other assets

  24,437   23,630 

Total assets

 $2,468,896  $2,503,159 

Liabilities:

        

Deposits:

        

Interest-bearing

 $1,678,172  $1,622,282 

Non-interest-bearing

  537,824   536,143 

Total deposits

  2,215,996   2,158,425 

Allowance for credit losses on off-balance sheet credit exposures

  894   944 

Finance lease obligation

  1,151   1,201 

Operating lease liabilities

  9,935   8,549 

Short-term borrowings

  25,000   117,000 

Secured borrowings

  7,299   7,372 

Accrued interest payable and other liabilities

  16,986   20,189 

Total liabilities

  2,277,261   2,313,680 
         

Shareholders' equity:

        

Preferred stock authorized 5,000,000 shares with no par value; none issued

  -   - 

Capital stock, no par value (10,000,000 shares authorized; shares issued and outstanding; 5,735,732 at March 31, 2024; and 5,703,636 at December 31, 2023)

  118,438   117,695 

Retained earnings

  131,111   128,251 

Accumulated other comprehensive loss

  (57,914)  (56,467)

Treasury stock, at cost (10 shares at March 31, 2024 and 38 shares at December 31, 2023)

  -   - 

Total shareholders' equity

  191,635   189,479 

Total liabilities and shareholders' equity

 $2,468,896  $2,503,159 

 

See notes to unaudited consolidated financial statements

 

3

 

 

Fidelity D & D Bancorp, Inc. and Subsidiary

Consolidated Statements of Income

 

(Unaudited)

 

Three months ended

 

(dollars in thousands except per share data)

 

March 31, 2024

  

March 31, 2023

 

Interest income:

        

Loans and leases:

        

Taxable

 $20,929  $18,119 

Nontaxable

  1,204   899 

Interest-bearing deposits with financial institutions

  376   31 

Restricted investments in bank stock

  81   106 

Investment securities:

        

U.S. government agency and corporations

  1,488   1,520 

States and political subdivisions (nontaxable)

  1,104   1,217 

States and political subdivisions (taxable)

  443   446 

Total interest income

  25,625   22,338 

Interest expense:

        

Deposits

  9,941   4,618 

Secured borrowings

  121   111 

Other short-term borrowings

  620   584 

Total interest expense

  10,682   5,313 

Net interest income

  14,943   17,025 

Provision for credit losses on loans

  125   180 

Net provision (benefit) for credit losses on unfunded loan commitments

  (50)  225 

Net interest income after provision for credit losses

  14,868   16,620 

Other income:

        

Service charges on deposit accounts

  957   922 

Interchange fees

  1,297   1,251 

Service charges on loans

  304   298 

Fees from trust fiduciary activities

  848   695 

Fees from financial services

  268   222 

Fees and other revenue

  342   619 

Earnings on bank-owned life insurance

  349   321 

Gain (loss) on write-down, sale or disposal of:

        

Loans

  203   164 

Available-for-sale debt securities

  -   (1)

Premises and equipment

  4   (2)

Total other income

  4,572   4,489 

Other expenses:

        

Salaries and employee benefits

  7,131   6,515 

Premises and equipment

  2,159   2,127 

Data processing and communication

  742   677 

Advertising and marketing

  732   893 

Professional services

  1,062   925 

Automated transaction processing

  425   429 

Office supplies and postage

  203   181 

PA shares tax

  26   (32)

Loan collection

  3   13 

Other real estate owned

  1   1 

FDIC assessment

  298   168 

Other

  907   960 

Total other expenses

  13,689   12,857 

Income before income taxes

  5,751   8,252 

Provision for income taxes

  694   1,212 

Net income

 $5,057  $7,040 

Per share data:

        

Net income - basic

 $0.88  $1.25 

Net income - diluted

 $0.88  $1.24 

Dividends

 $0.38  $0.36 

 

See notes to unaudited consolidated financial statements

 

4

 

 

Fidelity D & D Bancorp, Inc. and Subsidiary

 

Consolidated Statements of Comprehensive Income

        

(Unaudited)

 

Three months ended March 31,

 

(dollars in thousands)

 

2024

  

2023

 
         

Net income

 $5,057  $7,040 
         

Other comprehensive (loss) gain, before tax:

        

Unrealized holding (loss) gain on available-for-sale debt securities

  (2,416)  9,824 

Reclassification adjustment for net losses (gains) realized in income

  -   1 

Amortization of unrealized loss on held-to-maturity securities

  584   572 

Net unrealized (loss) gain

  (1,832)  10,397 

Tax effect

  385   (2,183)

Unrealized (loss) gain, net of tax

  (1,447)  8,214 

Other comprehensive (loss) income, net of tax

  (1,447)  8,214 

Total comprehensive income, net of tax

 $3,610  $15,254 

 

See notes to unaudited consolidated financial statements

 

5

 

 

Fidelity D & D Bancorp, Inc. and Subsidiary

Consolidated Statements of Changes in Shareholders' Equity

 

 

For the Three Months Ended March 31, 2024 and 2023

                        

(Unaudited)

             

Accumulated

         
              

other

         
  

Capital stock

  

Retained

  

comprehensive

  

Treasury

     

(dollars in thousands)

 

Shares

  

Amount

  

earnings

  

income (loss)

  

Stock

  

Total

 

Balance, December 31, 2022

  5,630,794  $115,611  $119,754  $(71,152) $(1,263) $162,950 

Cumulative-effect adjustment for adoption of ASU 2016-13 (Footnote 1)

          (1,326)          (1,326)

Net income

          7,040           7,040 

Other comprehensive income

              8,214       8,214 

Issuance of common stock through Employee Stock Purchase Plan

  7,294   302               302 

Re-issuance of common stock through Dividend Reinvestment Plan

  8,104   79           303   382 

Issuance of common stock from vested restricted share grants through stock compensation plans

  20,449   -               - 

Stock-based compensation expense

      445               445 

Repurchase of shares to cover withholdings

  (1,386)  -           (68)  (68)

Cash dividends declared

          (2,052)          (2,052)

Balance, March 31, 2023

  5,665,255  $116,437  $123,416  $(62,938) $(1,028) $175,887 
                         

Balance, December 31, 2023

  5,703,636  $117,695  $128,251  $(56,467) $-  $189,479 

Net income

          5,057           5,057 

Other comprehensive loss

              (1,447)      (1,447)

Issuance of common stock through Employee Stock Purchase Plan

  6,764   280               280 

Re-issuance of common stock through Dividend Reinvestment Plan

  1,645   4         79   83 

Forfeited restricted dividend reinvestment shares

  (11)           -   - 

Issuance of common stock from vested restricted share grants through stock compensation plans

  25,304   -               - 

Stock-based compensation expense

      459               459 

Repurchase of shares to cover withholdings

  (1,606)  -         (79)  (79)

Cash dividends declared

          (2,197)          (2,197)

Balance, March 31, 2024

  5,735,732  $118,438  $131,111  $(57,914) $-  $191,635 

 

See notes to unaudited consolidated financial statements

 

6

 

 

Fidelity D & D Bancorp, Inc. and Subsidiary

Consolidated Statements of Cash Flows

(Unaudited)

 

Three months ended March 31,

 

(dollars in thousands)

 

2024

  

2023

 
         

Cash flows from operating activities:

        

Net income

 $5,057  $7,040 

Adjustments to reconcile net income to net cash provided by operating activities:

        

Depreciation, amortization and accretion

  1,372   1,188 

Provision for credit losses on loans

  125   180 

Net (benefit) provision for credit losses on unfunded loan commitments

  (50)  225 

Deferred income tax expense (benefit)

  219   (71)

Stock-based compensation expense

  459   445 

Proceeds from sale of loans held-for-sale

  10,857   11,105 

Originations of loans held-for-sale

  (9,588)  (9,795)

Earnings from bank-owned life insurance

  (349)  (321)

Gain from bank-owned life insurance claim

  -   (142)

Net gain from sales of loans

  (203)  (164)

Net loss from sales of investment securities

  -   1 

Net (gain) loss from write-down and disposal of bank premises and equipment

  (4)  2 

Operating lease payments

  8   22 

Change in:

        

Accrued interest receivable

  (306)  (179)

Other assets

  (575)  (895)

Accrued interest payable and other liabilities

  (1,688)  (1,589)

Net cash provided by operating activities

  5,334   7,052 
         

Cash flows from investing activities:

        

Available-for-sale securities:

        

Proceeds from sales

  -   31,208 

Proceeds from maturities, calls and principal pay-downs

  4,992   7,142 

Increase in restricted investments in bank stock

  (54)  (700)

Net increase in loans and leases

  (12,881)  (63,082)

Principal portion of lease payments received under direct finance leases

  1,138   1,407 

Purchases of bank premises and equipment

  (1,303)  (718)

Proceeds from death benefits received on bank-owned life insurance

  -   931 

Proceeds from sale of bank premises and equipment

  19   22 

Net cash used in investing activities

  (8,089)  (23,790)
         

Cash flows from financing activities:

        

Net increase (decrease) in deposits

  57,573   (23,812)

Net (decrease) increase in other borrowings

  (92,072)  75,991 

Repayment of finance lease obligation

  (49)  (59)

Proceeds from employee stock purchase plan participants

  280   302 

Repurchase of shares to cover withholdings

  (79)  (68)

Dividends paid, net of dividends reinvested

  (2,114)  (1,669)

Net cash (used in) provided by financing activities

  (36,461)  50,685 

Net (decrease) increase in cash and cash equivalents

  (39,216)  33,947 

Cash and cash equivalents, beginning

  111,949   29,091 
         

Cash and cash equivalents, ending

 $72,733  $63,038 

 

See notes to unaudited consolidated financial statements

 

7

 

Fidelity D & D Bancorp, Inc. and Subsidiary

Consolidated Statements of Cash Flows (continued)

 

(Unaudited)

 

Three months ended March 31,

 

(dollars in thousands)

 

2024

  

2023

 

Supplemental Disclosures of Cash Flow Information

        

Cash payments for:

        

Interest

 $11,355  $5,075 

Income tax

  -   - 

Supplemental Disclosures of Non-cash Investing Activities:

        

Net change in unrealized losses on available-for-sale securities

  (2,416)  9,825 

Cumulative-effect adjustment for adoption of ASU 2016-13

  -   (1,326)

Amortization of unrealized losses on securities transferred from available-for-sale to held-to-maturity

  584   572 

Transfers from/(to) loans to/(from) foreclosed assets held-for-sale

  219   (82)

Transfers to loans from loans held-for-sale, net

  -   (205)

Right-of-use asset

  1,391   - 

Lease liability

  1,483   - 

 

See notes to unaudited consolidated financial statements

 

8

 

FIDELITY D & D BANCORP, INC.

 

Notes to Consolidated Financial Statements

(Unaudited)

 

 

1. Nature of operations and critical accounting policies

 

Nature of operations

 

Fidelity D & D Bancorp, Inc. (the Company) is a bank holding company and the parent of The Fidelity Deposit and Discount Bank (the Bank). The Bank is a commercial bank and trust company chartered under the laws of the Commonwealth of Pennsylvania and a wholly-owned subsidiary of the Company. Having commenced operations in 1903, the Bank is committed to provide superior customer service, while offering a full range of banking products and financial and trust services to both our consumer and commercial customers from our main office located in Dunmore and other branches located throughout Lackawanna, Northampton and Luzerne Counties and Wealth Management offices in Schuylkill and Lebanon Counties.

 

Principles of consolidation

 

The accompanying unaudited consolidated financial statements of the Company and the Bank have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) for interim financial information and with the instructions to this Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnote disclosures required by GAAP for complete financial statements. In the opinion of management, all normal recurring adjustments necessary for a fair presentation of the financial condition and results of operations for the periods have been included. All significant inter-company balances and transactions have been eliminated in consolidation.

 

For additional information and disclosures required under U.S. GAAP, refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2023.

 

Management is responsible for the fairness, integrity and objectivity of the unaudited financial statements included in this report. Management prepared the unaudited financial statements in accordance with U.S. GAAP. In meeting its responsibility for the financial statements, management depends on the Company's accounting systems and related internal controls. These systems and controls are designed to provide reasonable but not absolute assurance that the financial records accurately reflect the transactions of the Company, the Company’s assets are safeguarded and that the financial statements present fairly the financial condition and results of operations of the Company.

 

In the opinion of management, the consolidated balance sheets as of March 31, 2024 and December 31, 2023 and the related consolidated statements of income, consolidated statements of comprehensive income, consolidated statements of changes in shareholders’ equity and consolidated statements of cash flows for the three months ended March 31, 2024 and 2023 present fairly the financial condition and results of operations of the Company. All material adjustments required for a fair presentation have been made. These adjustments are of a normal recurring nature. 

 

In preparing these consolidated financial statements, the Company evaluated the events and transactions that occurred after March 31, 2024 through the date these consolidated financial statements were issued.

 

This Quarterly Report on Form 10-Q should be read in conjunction with the Company’s audited financial statements for the year ended December 31, 2023, and the notes included therein, included within the Company’s Annual Report filed on Form 10-K.

 

Critical accounting policies

 

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from those estimates.

 

A material estimate is the calculation of fair values of the Company’s investment securities. Fair values of investment securities are determined by pricing provided by a third-party vendor, who is a provider of financial market data, analytics and related services to financial institutions. Based on experience, management is aware that estimated fair values of investment securities tend to vary among valuation services. Accordingly, when buying or selling investment securities, price quotes may be obtained from more than one source. All of the Company’s debt securities are classified as available-for-sale (AFS) or held-to-maturity (HTM). AFS debt securities are carried at fair value on the consolidated balance sheets, with unrealized gains and losses, net of income tax, reported separately within shareholders’ equity as a component of accumulated other comprehensive income (AOCI).  Debt securities, for which the Company has the positive intent and ability to hold to maturity, are reported at amortized cost. On occasion, the Company may transfer securities from AFS to HTM at fair value on the date of transfer.

 

Another material estimate that is particularly susceptible to significant change relates to the determination of the allowance for credit losses. Management believes that the allowance for credit losses at  March 31, 2024 is adequate and reasonable to cover expected losses. Given the subjective nature of identifying and estimating loan losses, it is reasonably possible that well-informed individuals could make different assumptions and could, therefore, calculate a materially different allowance amount. While management uses available information to recognize losses on loans, changes in current economic conditions and reasonable and supportable forecasts may necessitate revisions in the future. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for credit losses. Such agencies may require the Company to recognize adjustments to the allowance based on their judgment of information available to them at the time of their examination.

 

9

 

Management continually evaluates the credit quality of the Company’s loan portfolio and performs a formal review of the adequacy of the allowance for credit losses (ACL) on a quarterly basis. The allowance reflects management’s best estimate of the amount of credit losses in the loan portfolio. When estimating the net amount expected to be collected, management considers the effects of past events, current conditions, and reasonable and supportable forecasts of the collectability of the Company’s financial assets. Those estimates may be susceptible to significant change. Credit losses are charged directly against the allowance when loans are deemed to be uncollectible. Recoveries from previously charged-off loans are added to the allowance when received.

 

The methodology to analyze the adequacy of the ACL is based on seven primary components:

 

 

Data: The quality of the Company’s data is critically important as a foundation on which the ACL estimate is generated. For its estimate, the Company uses both internal and external data with a preference toward internal data where possible. Data is complete, accurate, and relevant, and subjected to appropriate governance and controls.
 

Segmentation: Financial assets are segmented based on similar risk characteristics.

 

Estimated term of financial assets: The estimated term of financial assets is a significant driver of ACL estimates. Financial assets or pools of financial assets with shorter estimated maturities typically result in a lower reserve than those with longer estimated maturities. As the average life of a financial asset or pool of assets increases, there generally is a corresponding increase to the ACL estimate because the likelihood of default is considered over a longer time frame. As such, pool-based assumptions for a pool’s estimated term (i.e., average life) are based on the contractual maturity of the financial assets within the pool and adjusted in accordance with GAAP, if appropriate. Key assumptions for the estimated term of financial assets are prepayment rates for amortizing financial assets and curtailment rates for non-amortizing financial assets.
 

Credit loss measurement method: Multiple measurement methods for estimating ACLs are allowable per ASC Topic 326. The Company applies different estimation methods to different groups of financial assets. The discounted cash flow method is used for the Commercial & Industrial, Commercial Real Estate Non-Owner Occupied, Commercial Real Estate Owner Occupied, Commercial Construction, Home Equity Installment Loan, Home Equity Line of Credit, Residential Real Estate, and Residential Construction pools. The weighted average remaining maturity (WARM) method is used for the Municipal, Non-Recourse Auto, Recourse Auto, Direct Finance Lease, and Consumer Other pools.
 

Reasonable and supportable forecasts: ASC Topic 326 requires Management to consider reasonable and supportable forecasts that affect expected collectability of financial assets. As such, the Company’s forecasts incorporate anticipated changes in the economic environment that may affect credit loss estimates over a time horizon when Management can reasonably support and document expectations. Forward-looking information may reflect positive or negative expectations relative to the current environment. As of the reporting date, management is using the median Federal Open Market Committee (FOMC) National Gross Domestic Product (GDP) and Unemployment Rate forecasts as well as the Federal Housing Finance Agency (FHFA) House Price Index (HPI) for its reasonable and supportable forecasts. The Company currently uses a 12 month (4 quarter) reasonable and supportable forecast period.
 

Reversion period: ASC Topic 326 does not require management to estimate a reasonable and supportable forecast for the entire estimated life of financial assets. Management may apply reversion techniques for the estimated life remaining after considering the reasonable and supportable forecast period, which allows Management to apply a historical loss rate to latter periods of the financial asset’s life. The Company currently uses a 12 month (4 quarter) straight-line reversion period.
 Qualitative factor adjustments: The Company’s ACL estimate considers all significant factors relevant to the expected collectability of its financial assets as of the reporting date; Qualitative factors reflect the impact of conditions not captured elsewhere, such as the historical loss data or within the economic forecast. The qualitative considerations can be captured directly within measurement models or as additional components in the overall ACL methodologies. Currently, the Company uses the following qualitative factors:

 

 

o

levels of and trends in delinquencies and non-accrual loans;

 

o

levels of and trends in charge-offs and recoveries;

 

o

trends in volume and terms of loans;

 

o

changes in risk selection and underwriting standards;

 

o

changes in lending policies and legal and regulatory requirements;

 

o

experience, ability and depth of lending management;

 

o

national and local economic trends and conditions; 

 

o

changes in credit concentrations; and

 ochanges in underlying collateral.

 

Assets are evaluated on a collective (or pool) basis or individually, as applicable consistent with ASC Topic 326. In accordance with ASC Topic 326, the Company will evaluate individual instruments for expected credit losses when those instruments do not share similar risk characteristics with instruments evaluated using a collective (pooled) basis. In contrast to legacy accounting standards, this criterion is broader than the “impairment” concept as management may evaluate assets individually even when no specific expectation of collectability is in place. Instruments will not be included in both collective and individual analysis. Individual analysis will establish a specific reserve for instruments in scope.

 

For individually evaluated assets, an ACL is determined separately for each financial asset. As of the reporting date, the Company is using the collateral and cash flow methods.

 

ASC Topic 326 defines a collateral-dependent asset as a financial asset for which the repayment is expected to be provided substantially through the operation or sale of the collateral when the borrower, based on Management’s assessment, is experiencing financial difficulty. The ACL for a collateral-dependent loan is measured using the fair value of collateral, regardless of whether foreclosure is probable. The fair value of collateral must be adjusted for estimated costs to sell if repayment or satisfaction of the asset depends on the sale of the collateral. If repayment is dependent only on the operation of the collateral, and not on the sale of the collateral, the fair value of the collateral would not be adjusted for estimated costs to sell. If the fair value of the collateral, adjusted for costs to sell if applicable, is less than the amortized cost basis of the collateral-dependent asset, the difference is recorded as an ACL.

 

The Company’s policy is to charge-off unsecured consumer loans when they become 90 days or more past due as to principal and interest. In the other portfolio segments, amounts are charged-off at the point in time when the Company deems the balance, or a portion thereof, to be uncollectible.

 

10

 

If the individually evaluated asset is determined to not be collateral dependent, the ACL is measured based on the expected cash flows. This measurement is based on the amount and timing of cash flows; the effective interest rate (EIR) is used to discount the cash flows; and the basis for the determination of cash flows, including consideration of past events, current conditions, and reasonable and supportable forecasts about the future. These cash flows are discounted back by the EIR and compared to the amortized cost basis of the asset. If the present value of cash flows is less than the amortized cost, an ACL is recorded. When the present value of cash flows is equal to or greater than the amortized cost, no ACL is recorded.

 

An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies.

 

 

2. New accounting pronouncements

 

In March 2023, the FASB issued ASU 2023-02, Investments - Equity Method and Joint Ventures (Topic 323). The amendments in this update permit reporting entities to elect to account for their tax equity investments, regardless of the tax credit program from which the income tax credits are received, using the proportional amortization method if certain conditions are met. The amendments are effective for the Company this reporting period with no impacts on the consolidated financial statements. 

 

In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements. The amendments in this update are the result of the FASB's decision to incorporate into the Codification certain disclosures referred by the SEC that overlap with, but require incremental information to, generally accepted accounting principles (GAAP). The amendments in this update represent changes to clarify or improve disclosure and presentation requirements of a variety of topics in the Codification. For entities subject to the SEC's existing requirements, the effective date for each amendment will be the date on which the SEC's removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective, with early adoption prohibited. The amendments in this update should be applied prospectively. The adoption is not expected to have a material impact on the consolidated financial statements but could change certain disclosures in SEC filings.

 

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 840): Improvements to Income Tax Disclosures. The amendments in this update require that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. The amendments in this update also require that all entities disclose on an annual basis the amount of income taxes paid disaggregated by federal, state, and foreign taxes and the amount of income taxes paid disaggregated by individual jurisdictions in which income taxes paid is equal to or greater than 5 percent of total income taxes paid. The amendments will require the disclosure of pre-tax income disaggregated between domestic and foreign, as well as income tax expense disaggregated by federal, state, and foreign. The amendment also eliminates certain disclosures related to unrecognized tax benefits and certain temporary differences. This ASU is effective for fiscal years beginning after December 15, 2024.  Early adoption is permitted in any annual period where financial statements have not yet been issued. The amendments should be applied on a prospective basis but retrospective application is permitted. The Company does not expect adoption of the standard to have a material impact on its consolidated financial statements.

 

 

3. Accumulated other comprehensive income

 

The following tables illustrate the changes in accumulated other comprehensive income by component and the details about the components of accumulated other comprehensive income as of and for the periods indicated:

 

As of and for the three months ended March 31, 2024

 
  

Unrealized gains

         
  

(losses) on

  

Securities

     
  

available-for-sale

  

transferred to

     

(dollars in thousands)

 

debt securities

  

held-to-maturity

  

Total

 

Beginning balance

 $(40,760) $(15,707) $(56,467)
             

Other comprehensive loss before reclassifications, net of tax

  (1,908)  -   (1,908)

Amounts reclassified from accumulated other comprehensive income, net of tax

  -   461   461 

Net current-period other comprehensive loss

  (1,908)  461   (1,447)

Ending balance

 $(42,668) $(15,246) $(57,914)

 

As of and for the three months ended March 31, 2023

 
  

Unrealized gains

         
  

(losses) on

  

Securities

     
  

available-for-sale

  

transferred to

     

(dollars in thousands)

 

debt securities

  

held-to-maturity

  

Total

 

Beginning balance

 $(53,624) $(17,528) $(71,152)
             

Other comprehensive income before reclassifications, net of tax

  7,761   -   7,761 

Amounts reclassified from accumulated other comprehensive income, net of tax

  1