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Coeur D' Alene Bancorp (CDAB) maintains its position as a trusted community banking institution serving Idaho and expanding Spokane markets. This news hub provides investors and community stakeholders with essential updates on the company's financial operations and strategic initiatives.
Access timely information about CDAB's earnings reports, loan portfolio developments, and market expansion strategies. Our curated collection includes official press releases detailing leadership changes, regulatory milestones, and community partnership announcements.
Key updates cover the bank's focus on maintaining strong asset quality while expanding its commercial lending footprint. Stay informed about branch network growth and digital banking enhancements that support CDAB's commitment to local economic development.
Bookmark this page for centralized access to verified financial updates from Coeur D' Alene Bancorp. Regular visitors gain strategic insights into the institution's performance within the competitive Northwest banking sector.
Coeur d'Alene Bancorp (CDAB) has reported its Q1 2025 financial results, with net income of $249,759 ($0.13 per share), compared to $385,434 ($0.20 per share) in Q1 2024. Total assets decreased 3.7% to $231.1 million, while gross loans increased 12.7% to $136.6 million compared to March 2024.
Key highlights include:
- Net interest margin improved to 3.62% from 3.20% year-over-year
- Total deposits slightly decreased by 2.0% to $194.0 million
- Net book value per share increased to $12.58 from $11.01 year-over-year
- Return on average assets (ROAA) was 0.42% and return on average equity (ROAE) was 4.26%
The company opened its first full-service branch in Spokane during Q1 2025 as part of its growth strategy. While net income declined due to increased expansion-related overhead costs, management remains confident in future benefits from these initiatives.
Coeur d'Alene Bancorp (OTC PINK:CDAB), the parent company of bankcda, has announced a cash dividend of $0.20 per share. The dividend will be paid on February 14, 2025, to shareholders of record as of January 31, 2025.
The company operates through its subsidiary bankcda, with branches located in Coeur d'Alene, Hayden, Kellogg, Post Falls and Spokane, WA, with headquarters in Coeur d'Alene, Idaho.
Coeur d'Alene Bancorp (OTC Pink:CDAB) reported Q4 2024 net income of $452,990 ($0.24 per share), down from $563,908 ($0.30) in Q4 2023. Full-year 2024 net income was $1,475,207 ($0.78 per share), compared to $2,118,568 ($1.12) in 2023.
Total assets reached $241.4 million, up 1.3% year-over-year. Gross loans increased 12.6% to $133.9 million, while deposits slightly increased by 0.2% to $195.5 million. The company expanded into the Spokane market with a loan origination office in Spokane Valley and plans to open a retail branch on 5-Mile Road.
Net interest margin for 2024 was 3.27%, down from 3.38% in 2023. The bank maintains strong asset quality with zero nonperforming assets to Tier 1 capital and continues to exceed minimum Community Bank Leverage Ratio requirements.
Coeur d'Alene Bancorp (OTC PINK:CDAB) reported its third quarter 2024 results. Net income for Q3 2024 was $253,324 or $0.13 per share, compared to $561,223 or $0.30 in Q3 2023. For the nine months ended September 30, 2024, net income was $1,022,217 or $0.54 per share, down from $1,554,659 or $0.82 per share in the same period of 2023.
Total consolidated assets increased by 0.9% to $239.8 million. Gross loans grew by 6.4% to $125.3 million, while total deposits decreased by 5.1% to $203.4 million. The company's net interest margin for the nine months ended September 30, 2024, was 3.20%, down from 3.41% in the same period of 2023.
The decrease in net income was attributed to increased staffing expenses related to the Spokane market expansion and loan loss provisions totaling $180,000 for loan growth. Despite these challenges, the company maintains a strong liquidity position and continues to exceed the minimum Community Bank Leverage Ratio.
Coeur d'Alene Bancorp (OTC PINK:CDAB) reported its Q2 2024 results, with net income of $383,459 ($0.20 per share), down from $543,152 ($0.29 per share) in Q2 2023. For the first six months of 2024, net income was $768,893 ($0.41 per share), compared to $993,437 ($0.53 per share) in 2023. Total assets increased 1.4% to $239.8 million, while gross loans grew 7.6% to $120.6 million. However, total deposits decreased 7.6% to $196.8 million. The company maintains strong asset quality with 0.00% nonperforming assets and a Five Star rating from Bauer Financial. Coeur d'Alene Bancorp plans to open its first Spokane retail location in early Q4 2024.
Coeur d'Alene Bancorp (CDAB) announced its financial results for the first quarter of 2023, reporting a net income of $405,285 or $0.21 per share, up from $231,255 or $0.12 per share in the same quarter of 2022. Total consolidated assets decreased to $238.5 million, a 5.5% decline year-over-year, primarily due to reduced cash balances and declining deposits. However, gross loans increased by 24.3% to $107.3 million. The bank maintains a strong liquidity position, with a net interest margin of 3.54% compared to 2.23% a year prior. Despite a 5.9% drop in total deposits, the bank retained minimal impacts from recent bank failures, and its asset quality remains robust.
Coeur d'Alene Bancorp (OTC PINK:CDAB) reported strong financial results for Q4 2022 and the fiscal year ending December 31, 2022. Net income rose to $825,017 for Q4 2022, up from $694,540 in Q3 2022, and significantly higher than $413,091 in Q4 2021. Annual net income reached $2.16 million, a 22% increase from the prior year. Total assets decreased slightly by 1.3% to $244.5 million, affected by unrealized losses. However, loans increased by $25 million and deposits grew by $3 million. Shareholder equity per share stood at $9.19. The company declared a cash dividend of $0.29 per share, its first in three years, with a positive outlook for 2023 despite challenges ahead.
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