Coeur d'Alene Bancorp Announces Its Third Quarter 2026 Results

Higher earnings and wider interest margins accompanied loan growth, while nonperforming asset ratios rose from a year earlier.

Rhea-AI Summary

Coeur d'Alene Bancorp (CDAB) reported third-quarter 2026 net income of $613,020, up from the same quarter a year earlier. Earnings per share rose to $0.32 from $0.21, while quarterly net interest income increased to $2,690,556 from $2,358,081.

Nine-month net income reached $1,454,491, versus $1,024,764 in 2025; diluted earnings per share rose to $0.75 from $0.53. The nine-month net interest margin widened to 4.42% from 3.99%. At September 30, gross loans increased 12.8% year over year to $146.7 million, and deposits grew 5.1% to $214.4 million.

Nonperforming assets rose to 1.41% of total assets from 0.06% a year earlier, although below June's 1.43%. The company anticipates breaking ground on a permanent full-service Richland branch in the coming months, with an anticipated opening in late third quarter 2027. All results are unaudited.

19 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 8 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointThird-quarter net income rose to $613,020 from $402,111; earnings per share increased to $0.32 from $0.21.
• Moderate pointNine-month net interest margin widened to 4.42% from 3.99% in 2025.
• Moderate pointGross loans grew $16.6 million, or 12.8%, year over year to $146.7 million.
• Moderate pointDeposits increased $10.4 million, or 5.1%, year over year to $214.4 million.
• Moderate pointThird-quarter net interest income increased to $2,690,556 from $2,358,081 a year earlier.

14 minor points

• Minor pointNine-month net income increased to $1,454,491 from $1,024,764; earnings per share rose to $0.77 from $0.54.
• Minor pointNine-month diluted earnings per share increased to $0.75 from $0.53 in 2025.
• Minor pointTotal assets increased 2.1% year over year to $242.2 million.
• Minor pointThird-quarter interest income rose to $3,179,183 from $3,050,608 a year earlier.
• Minor pointThird-quarter interest expense fell to $488,627 from $692,527 a year earlier.
• Minor pointThird-quarter loan loss provision was zero, versus $106,500 a year earlier.
• Minor pointThird-quarter noninterest income increased to $258,213 from $250,760 a year earlier.
• Minor pointThird-quarter occupancy expense decreased to $245,679 from $258,966 a year earlier.
• Minor pointAnnualized nine-month return on average assets increased to 0.82% from 0.59% in 2025.
• Minor pointAnnualized nine-month return on average equity increased to 7.40% from 5.67% in 2025.
• Minor pointCommunity bank leverage ratio increased to 11.64% from 11.28% a year earlier.
• Minor pointNet book value per share rose to $13.57 from $13.44 a year earlier.
• Minor pointShareholders' equity reached $25,843,601 versus $25,522,598 a year earlier, but fell from June's $26,330,671.
• Minor point. Forward-looking: it has not happened yet and may not happen.Richland branch expansion has an anticipated opening in late third quarter 2027; groundbreaking is anticipated in coming months.

Negative

• Moderate pointNonperforming assets to total assets rose to 1.41% from 0.06% a year earlier, below June's 1.43%.
• Moderate pointNine-month efficiency ratio increased to 78.29% from 76.59% a year earlier, below June's 81.31%.
• Minor pointNonperforming assets to Tier 1 capital rose to 12.17% from 0.57% a year earlier, below June's 12.47%.
• Minor pointCash and due from banks fell to $11,356,186 from $20,927,902 a year earlier.
• Minor pointThird-quarter salaries and employee benefits increased to $1,224,596 from $1,090,904 a year earlier.

3 minor points

• Minor pointThird-quarter other noninterest expense increased to $679,607 from $649,263 a year earlier.
• Minor pointThird-quarter loss on sale, net of gains was $3,798, versus zero a year earlier.
• Minor pointThird-quarter income tax expense increased to $182,070 from $101,097 a year earlier.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

COEUR D'ALENE, ID / ACCESS Newswire / October 20, 2026 / Coeur d'Alene Bancorp, today reported net income of $613,020 or $0.32 per share for the third quarter 2026, compared to $402,111 or $0.21 per share for the third quarter 2025. Net income of $1,454,491 or $0.77 per share for the nine months ended September 30, 2026, was also reported, compared to $1,024,764 or $0.54 per share for the nine months ended 2025. All results are unaudited.

"We are pleased with our results for the first nine months, with continued improvement in our profitability and growth of both loans and deposits. Although the interest rate environment continues to be challenging, we have been able to improve our net interest margin due to our strong core deposit base. We anticipate breaking ground on a permanent full service branch in Richland, WA in the coming months, with an anticipated grand opening in late third quarter 2027," said Wes Veach, President and Chief Executive Officer.

Financial Highlights:

• Diluted earnings per share were $0.75 for nine months ended 2026, versus $0.53 per share for nine months ended 2025.
• Net book value per share ended the quarter at $13.57 compared to $13.44 one year ago.
• Annualized return on average assets (ROAA) was 0.82% and annualized return on average equity (ROAE) was 7.40% for nine months ended 2026, compared to 0.59% and 5.67% for nine months ended 2025, respectively.
• Total assets ended the period at $242.2 million compared to $237.3 million as of September 30, 2025, an increase of 2.1%.
• Gross loans were $146.7 million at quarter end, versus $130.1 million on September 30, 2025, an increase of $16.6 million or 12.8%.
• Total deposits were $214.4 million, compared to $204.0 million as of September 30, 2025, an increase of $10.4 million or 5.1%.
• For the nine months ended September 30, 2026, the net interest margin was 4.42%, compared to 3.99% for the nine months ended September 30, 2025.
• Nonperforming assets to Tier 1 capital ended the quarter at 12.17%.
• 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
(Unaudited)

		Sep 30, 2026				Sep 30, 2025				Jun 30, 2026
Assets:
Cash and due from banks		$	11,356,186			$	20,927,902			$	9,967,136
Securities available for sale, at fair value			74,504,190				76,538,591				73,306,302
Net loans			143,653,786				127,414,594				142,655,033
Other assets			12,675,907				12,402,510				12,663,744
Total assets		$	242,190,069			$	237,283,598			$	238,592,215
Liabilities and Shareholders' Equity:
Total deposits		$	214,381,596			$	203,988,773			$	210,115,216
Borrowings			-				-				-
Capital lease liability			1,293,313				1,394,225				1,319,154
Other liabilities			671,559				6,378,002				827,174
Shareholders' equity			25,843,601				25,522,598				26,330,671
Total liabilities and shareholders' equity		$	242,190,069			$	237,283,598			$	238,592,215
Ratios:
Return on average assets			0.82	%			0.59	%			0.72	%
Return on average equity			7.40	%			5.67	%			6.42	%
Community bank leverage ratio			11.64	%			11.28	%			11.52	%
Net interest margin (YTD)			4.42	%			3.99	%			4.28	%
Efficiency Ratio (YTD)			78.29	%			76.59	%			81.31	%
Nonperforming assets to total assets			1.41	%			0.06	%			1.43	%
Nonperforming assets to tier 1 capital			12.17	%			0.57	%			12.47	%

Income Statement Overview
(unaudited)

		For the three months ended								For the six months ended
		Sep 30, 2026				Sep 30, 2025				Sep 30, 2026				Sep 30, 2025
Interest income		$	3,179,183			$	3,050,608			$	9,018,228			$	8,795,583
Interest expense			488,627				692,527				1,559,569				2,161,758
Net interest income			2,690,556				2,358,081				7,458,659				6,633,826
Loan loss provision			-				106,500				-				319,500
Noninterest income			258,213				250,760				736,937				707,825
Salaries and employee benefits			1,224,596				1,090,904				3,663,265				3,139,333
Occupancy expense			245,679				258,966				713,781				714,784
Loss on sale, net of gains			3,798				-				3,798				-
Other noninterest expense			679,607				649,263				2,039,135				1,768,964
Income before income taxes			795,090				503,208				1,775,617				1,399,071
Income tax expense			182,070				101,097				321,126				374,307
Net income		$	613,020			$	402,111			$	1,454,491			$	1,024,764

SOURCE: Coeur d'Alene Bancorp

View the original press release on ACCESS Newswire

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Coeur d'Alene Bancorp's third-quarter 2026 earnings?

Coeur d'Alene Bancorp reported net income of $613,020, or $0.32 per share, for the third quarter of 2026. That compares with $402,111, or $0.21 per share, for the third quarter of 2025. The results are unaudited.

How did Coeur d'Alene Bancorp's asset quality change in the third quarter of 2026?

Nonperforming assets were 1.41% of total assets at September 30, 2026, compared with 0.06% a year earlier and 1.43% at June 30, 2026. Relative to Tier 1 capital, nonperforming assets were 12.17%, versus 0.57% a year earlier and 12.47% at June 30.