Coeur d’Alene Bancorp Announces Its Second Quarter 2026 Results
Rhea-AI Summary
Coeur d'Alene Bancorp (OTC PINK:CDAB) reported unaudited Q2 2026 net income of $452,337, or $0.24 per share, up from $372,894, or $0.20, in Q2 2025. Six‑month 2026 net income was $841,472, or $0.44 per share, versus $622,653, or $0.33, in 2025.
Key metrics: ROAA 0.72% and ROAE 6.42% for six months 2026; net interest margin 4.28% vs 3.86% a year earlier; total assets $238.6M (+5.1%), gross loans $145.7M (+5.9%), and deposits $210.1M (+7.5%). Net book value per share reached $13.86, and the bank remains Bauer Financial FIVE Star-rated.
Positive
- Q2 2026 net income rose to $452,337 from $372,894 year over year
- Six‑month 2026 net income increased to $841,472 from $622,653
- Earnings per share reached $0.24 for Q2 and $0.44 for six months 2026
- Net interest margin improved to 4.28% from 3.86% year over year
- Total assets grew 5.1% to $238.6 million versus June 30, 2025
- Gross loans increased 5.9% to $145.7 million versus prior year
- Total deposits rose 7.5% to $210.1 million versus June 30, 2025
- Net book value per share climbed to $13.86 from $12.86 year over year
- ROAA reached 0.72% and ROAE 6.42% for six months 2026
- Bauer Financial maintains a FIVE Star rating on the bank
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Coeur d'Alene Bancorp (OTC PINK:CDAB), the parent company of bankcda, is pleased to announce its results for the second quarter 2026
COEUR D'ALENE, ID / ACCESS Newswire / July 9, 2026 / Coeur d'Alene Bancorp, today reported net income of
"We are pleased with the results for the first half of the year with growth in both loans and deposits leading to improved profitability. We are gaining traction in our new markets, but our growth continues to primarily be in North Idaho, which has the strongest economic conditions of the three markets we have a presence in. Net Income continues to improve, returning to historic levels after a dip last year related to expansion into new markets. Our net interest margin continues to expand with higher loan balances and continual cashflow from the investment portfolio allowing higher reinvestment rates. A strong deposit base has allowed us to lower offering rates while also growing our deposit base," said Wes Veach, President and Chief Executive Officer.
Financial Highlights:
Diluted earnings per share were
$0.43 for six months ended 2026, versus$0.32 per share for six months ended 2025.Net book value per share ended the quarter at
$13.86 compared to$12.86 one year ago.Annualized return on average assets (ROAA) was
0.72% and annualized return on average equity (ROAE) was6.42% for six months ended 2026, compared to0.54% and5.25% for six months ended 2025, respectively.Total assets ended the period at
$238.6 million compared to$227.0 million as of June 30, 2025, an increase of5.1% .Gross loans were
$145.7 million at quarter end, versus$137.6 million on June 30, 2025, an increase of$8.1 million or5.9% .Total deposits were
$210.1 million , compared to$195.4 million as of June 30, 2025, an increase of$14.7 million or7.5% .For the six months ended June 30, 2026, the net interest margin was
4.28% , compared to3.86% for the six months ended June 30, 2025.Nonperforming assets to Tier 1 capital ended the quarter at
12.47% .We continue to be FIVE Star-rated from Bauer Financial, which is their highest rating.
We continue to far exceed the minimum community bank leverage ratio.
Coeur d'Alene Bancorp, parent company of bankcda, is headquartered in Coeur d'Alene, Idaho with branches in Coeur d'Alene, Hayden, Post Falls, Kellogg, Spokane, and Richland.
For more information, visit www.bankcda.bank or contact Wes Veach at 208-415-5006.
Forward-Looking Statements
This press release contains, among other things, certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements preceded by, followed by, or that include the words "may," "could," "should," "would," "believe," "anticipate," "estimate," "expect," "intend," "plan," "projects," "outlook" or similar expressions. These statements are based upon the current belief and expectations of the Coeur d'Alene Bancorp's management team and are subject to significant risks and uncertainties that are subject to change based on various factors (many of which are beyond Coeur d'Alene Bancorp's control). Although Coeur d'Alene Bancorp believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove to be inaccurate. Therefore, Coeur d'Alene Bancorp can give no assurance that the results contemplated in the forward-looking statements will be realized. The inclusion of this forward-looking information should not be construed as a representation by Coeur d'Alene Bancorp or any other person that the future events, plans, or expectations contemplated by Coeur d'Alene Bancorp will be achieved.
All subsequent written and oral forward-looking statements attributable to Coeur d'Alene Bancorp or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above. Coeur d'Alene Bancorp does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date the forward-looking statements are made, except as required by law.
Balance Sheet Overview | ||||||||||||
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Jun 30, 2026 | Jun 30, 2025 | Mar 31, 2026 | ||||||||||
Assets: | ||||||||||||
Cash and due from banks | $ | 9,967,136 | $ | 11,533,346 | $ | 10,665,912 | ||||||
Securities available for sale, at fair value | 73,306,302 | 68,167,726 | 74,797,601 | |||||||||
Net loans | 142,655,033 | 134,990,764 | 134,262,138 | |||||||||
Other assets | 12,663,744 | 12,356,101 | 12,818,578 | |||||||||
Total assets | $ | 238,592,215 | $ | 227,047,937 | $ | 232,544,229 | ||||||
Liabilities and Shareholders' Equity: | ||||||||||||
Total deposits | $ | 210,115,216 | $ | 195,438,280 | $ | 199,614,023 | ||||||
Borrowings | - | - | - | |||||||||
Capital lease liability | 1,319,154 | 1,418,758 | 1,344,615 | |||||||||
Other liabilities | 827,174 | 5,773,133 | 5,663,663 | |||||||||
Shareholders' equity | 26,330,671 | 24,417,766 | 25,921,928 | |||||||||
Total liabilities and shareholders' equity | $ | 238,592,215 | $ | 227,047,937 | $ | 232,544,229 | ||||||
Ratios: | ||||||||||||
Return on average assets | 0.72 | % | 0.54 | % | 0.67 | % | ||||||
Return on average equity | 6.42 | % | 5.25 | % | 5.94 | % | ||||||
Community bank leverage ratio | 11.52 | % | 11.42 | % | 11.54 | % | ||||||
Net interest margin (YTD) | 4.28 | % | 3.86 | % | 4.20 | % | ||||||
Efficiency Ratio (YTD) | 81.31 | % | 76.57 | % | 84.15 | % | ||||||
Nonperforming assets to total assets | 1.43 | % | 0.07 | % | 1.47 | % | ||||||
Nonperforming assets to tier 1 capital | 12.47 | % | 0.61 | % | 12.68 | % | ||||||
Income Statement Overview (unaudited) | ||||||||||||||||
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For the three months ended | For the six months ended | |||||||||||||||
Jun 30, 2026 | Jun 30, 2025 | Jun 30, 2026 | Jun 30, 2025 | |||||||||||||
Interest income | $ | 2,975,290 | $ | 2,888,832 | $ | 5,839,046 | $ | 5,744,976 | ||||||||
Interest expense | 522,929 | 667,901 | 1,070,942 | 1,469,231 | ||||||||||||
Net interest income | 2,452,361 | 2,220,931 | 4,768,103 | 4,275,745 | ||||||||||||
Loan loss provision | - | 106,500 | - | 213,000 | ||||||||||||
Noninterest income | 256,088 | 240,986 | 478,724 | 457,065 | ||||||||||||
Salaries and employee benefits | 1,225,806 | 1,048,313 | 2,438,669 | 2,048,429 | ||||||||||||
Occupancy expense | 230,604 | 219,222 | 468,102 | 455,818 | ||||||||||||
Loss on sale, net of gains | - | - | - | - | ||||||||||||
Other noninterest expense | 673,729 | 557,823 | 1,359,528 | 1,119,701 | ||||||||||||
Income before income taxes | 578,310 | 530,057 | 980,528 | 895,863 | ||||||||||||
Income tax expense | 125,973 | 157,164 | 139,056 | 273,210 | ||||||||||||
Net income | $ | 452,337 | $ | 372,894 | $ | 841,472 | $ | 622,653 | ||||||||
SOURCE: Coeur d'Alene Bancorp
View the original press release on ACCESS Newswire