Table Of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021 OR o 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. COMMONWEALTH OF PENNSYLVANIA I.R.S. EMPLOYER IDENTIFICATION N ...

Table Of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 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 IDEN ...

Table Of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 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 IDENTIFIC ...

Table Of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 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 IDENTIFI ...

Table Of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K x ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2020 OR o 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. COMMONWEALTH OF PENNSYLVANIA I.R.S. EMPLOYER IDENTIFICATION N ...

Table Of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 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 IDEN ...

Table Of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 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 IDENTIFIC ...

Table Of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 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 IDENTIFI ...

Table Of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2019 COMMISSION FILE NUMBER 001-38229 FIDELITY D & D BANCORP, INC. COMMONWEALTH OF PENNSYLVANIA I.R.S. EMPLOYER IDENTIFICATION NO: 23-3017653 BLAKELY AND DRINKER STREETS DUNMORE, PENNSYLVANIA 18512 TELEPHONE NUMBER (570) 342-8281 SECURITIES REGISTERED UNDER SECTION 12(b) OF THE ACT: | --- | ...

Part I. Financial Information [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) Unaudited statements show asset growth to $1.01 billion and a net income increase to $8.86 million for the nine-month period Consolidated Balance Sheet Highlights (in thousands) | Account | Sep 30, 2019 | Dec 31, 2018 | | :--- | :--- | :--- | | Total Assets | $1,011,424 | $981,102 | | Loans and leases, net | $739,278 | $718,317 | | Total Deposits | $852,322 | $770,183 | | Short-term borrowings | $24,355 | $76,366 | | Total Shareholders' Equity | $104,789 | $93,557 | Consolidated Income Statement Highlights (in thousands, except per share data) | Metric | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | | :--- | :--- | :--- | | Net Interest Income | $23,704 | $22,493 | | Provision for Loan Losses | $830 | $1,125 | | Net Income | $8,862 | $8,159 | | Diluted EPS | $2.32 | $2.15 | - Total comprehensive income for the nine months ended September 30, 2019, was **$13.39 million**, a significant increase from $4.23 million in the same period of 2018, driven by a **$4.53 million unrealized gain** on available-for-sale securities[12](index=12&type=chunk) [Notes to Consolidated Financial Statements](index=12&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) Notes detail the adoption of a new lease standard, deferral of CECL, and improved loan portfolio credit quality - The Company adopted the new lease standard (ASU 2016-02) on January 1, 2019, resulting in the addition of a **$4.1 million right-of-use asset** and a **$4.6 million lease liability** to the consolidated balance sheet[31](index=31&type=chunk) - The Company has deferred the adoption of the new credit loss standard, CECL (ASU 2016-13), to fiscal years beginning after December 31, 2022, as it qualifies as a smaller reporting company[31](index=31&type=chunk) Allowance for Loan Losses Activity (Nine Months Ended Sep 30, 2019, in thousands) | Category | Amount | | :--- | :--- | | Beginning Balance (Dec 31, 2018) | $9,747 | | Net Charge-offs | ($1,136) | | Provision for Loan Losses | $830 | | **Ending Balance (Sep 30, 2019)** | **$9,441** | Loan Quality Indicators (in thousands) | Indicator | Sep 30, 2019 | Dec 31, 2018 | | :--- | :--- | :--- | | Non-accrual loans | $3,858 | $4,298 | | Impaired loans | $4,822 | $6,128 | | Troubled Debt Restructurings (TDRs) | $1,745 | $3,527 | [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=52&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Net income rose 9% to $8.9 million, driven by higher interest income and strong deposit growth funding asset expansion - For the nine months ended Sep 30, 2019, **net income increased by $0.7 million (9%) to $8.9 million** compared to the prior year, driven by higher net interest income and non-interest income, coupled with a lower provision for loan losses[116](index=116&type=chunk) - **Total assets increased by $30.3 million (3%) to $1.0 billion** since year-end 2018, funded by an $82.1 million increase in deposits which was used to fund loan growth and pay down borrowings by $68.7 million[135](index=135&type=chunk) Key Performance Ratios | Ratio | Nine Months Ended Sep 30, 2019 | Nine Months Ended Sep 30, 2018 | | :--- | :--- | :--- | | Return on Average Assets (ROA) | 1.21% | 1.21% | | Return on Average Equity (ROE) | 11.96% | 12.34% | | Efficiency Ratio (non-GAAP) | 62.34% | 61.91% | [Comparison of Financial Condition](index=64&type=section&id=Comparison%20of%20financial%20condition%20at%20September%2030%2C%202019%20and%20December%2031%2C%202018) Total assets grew 3% to $1.01 billion, funded by strong deposit growth which also allowed for reduced borrowings Loan Portfolio Composition Change (in thousands) | Loan Category | Sep 30, 2019 | Dec 31, 2018 | Change | | :--- | :--- | :--- | :--- | | Commercial & Industrial | $122,129 | $126,884 | ($4,755) | | Commercial Real Estate | $234,759 | $226,368 | $8,391 | | Residential | $178,801 | $161,700 | $17,101 | | Consumer | $213,030 | $213,112 | ($82) | | **Total Gross Loans** | **$749,642** | **$729,092** | **$20,550** | Deposit Composition Change (in thousands) | Deposit Category | Sep 30, 2019 | Dec 31, 2018 | Change | | :--- | :--- | :--- | :--- | | Non-interest bearing | $203,816 | $194,731 | $9,085 | | Interest-bearing checking | $251,119 | $224,185 | $26,934 | | Money market | $173,041 | $116,010 | $57,031 | | Savings and clubs | $105,578 | $118,971 | ($13,393) | | Certificates of deposit | $118,768 | $116,286 | $2,482 | | **Total Deposits** | **$852,322** | **$770,183** | **$82,139** | - **Non-performing assets decreased by $0.8 million to $5.5 million**, improving the ratio of non-performing assets to total assets to **0.55%** from 0.64% at year-end 2018[163](index=163&type=chunk) [Quantitative and Qualitative Disclosure about Market Risk](index=85&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosure%20about%20Market%20Risk) The company is asset sensitive, managing interest rate risk with robust capital and a strong liquidity position Simulated Impact of Interest Rate Changes (Earnings at Risk) | Rate Scenario | % Change in Net Interest Income | % Change in Net Income | | :--- | :--- | :--- | | +200 basis points | +4.9% | +12.3% | | -200 basis points | -5.2% | -12.7% | - The Company's one-year cumulative interest rate sensitivity gap was **positive (asset sensitive) at $45.0 million**, or 4.4% of total assets, as of September 30, 2019[188](index=188&type=chunk) - The Company maintains a strong liquidity position with total available funding sources of **$681.4 million**, representing 67% of total assets as of September 30, 2019[194](index=194&type=chunk) - All of the Company's and the Bank's capital ratios **exceeded the requirements to be considered 'well capitalized'** under regulatory guidelines as of September 30, 2019[198](index=198&type=chunk) [Controls and Procedures](index=94&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and procedures were effective with no material changes to internal controls - Based on an evaluation as of the end of the reporting period, the President and Chief Executive Officer and Chief Financial Officer concluded that the **Company's disclosure controls and procedures are effective**[201](index=201&type=chunk) - There were **no changes in the Company's internal controls** over financial reporting during the last fiscal quarter that materially affected, or are reasonably likely to materially affect, these controls[201](index=201&type=chunk) Part II. Other Information [Legal Proceedings](index=95&type=section&id=Item%201.%20Legal%20Proceedings) Pending litigation from ordinary business is not expected to have a material adverse effect on financial condition - No legal proceedings are pending that, if determined adversely, would have a **material adverse effect** on the Company's financial condition or operations[203](index=203&type=chunk) [Risk Factors](index=95&type=section&id=Item%201A.%20Risk%20Factors) No material changes have been identified to the risk factors previously disclosed in the 2018 Form 10-K - Management does not believe there have been any **material changes to the risk factors** disclosed in the 2018 Form 10-K[203](index=203&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=95&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section reports no unregistered sales of equity securities or use of proceeds during the period - There were **no unregistered sales of equity securities** or use of proceeds to report for the period[203](index=203&type=chunk) [Exhibits](index=95&type=section&id=Item%206.%20Exhibits) This section lists all exhibits filed with the Form 10-Q, including corporate and compensation documents - The report includes standard exhibits such as organizational documents, compensatory plans, and **CEO/CFO certifications** under Sarbanes-Oxley[203](index=203&type=chunk)[205](index=205&type=chunk)