Fifth District Bancorp is the holding company for Fifth District Savings Bank, a federally-chartered community savings bank headquartered in New Orleans, Louisiana. Fifth District operates as a traditional thrift: it takes deposits from local customers and lends that money out, primarily as fixed-rate residential mortgages, earning the spread between deposit costs and loan yields. The bank's core product is the fixed-rate one-to-four family residential mortgage, which makes up roughly 86% of its loan portfolio. Fifth District offers only standard 10- and 15-year fixed-rate mortgages on owner-occupied homes — no adjustable-rate, interest-only, or subprime lending — and retains virtually all loans it originates rather than selling them into the secondary market. The bank serves customers in the New Orleans metro area through a main office and six branches. Beyond residential mortgages, Fifth District purchases higher-yielding commercial and consumer loans originated by Bankers Healthcare Group, a national lender to licensed professionals, as a way to deploy capital without building its own origination infrastructure. Deposits are the primary funding source, with certificates of deposit making up about 61% of the deposit base. Fifth District completed its mutual-to-stock conversion in July 2024, raising roughly $54.6M in equity, which provides capital for growth or buybacks but also pressures near-term returns on equity — a common dynamic for newly converted thrifts.