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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) announced a cash dividend of $.29 per share, payable on January 17, 2023, to shareholders of record as of December 30, 2022. This announcement reflects the company's commitment to returning value to its shareholders. Headquartered in Coeur d'Alene, Idaho, the bank operates branches in multiple locations, including Hayden, Kellogg, and Post Falls. For further details, visit www.bankcda.com.
Coeur d'Alene Bancorp (OTC PINK:CDAB) reported a net income of $694,540 or $0.37 per share for Q3 2022, an increase from $433,810 or $0.23 per share in Q3 2021. Year-to-date net income reached $1,339,312, slightly down from $1,362,239 in the previous year. Total assets increased by 4.4% to $262.3 million, and gross loans rose by 2.5% to $98.89 million. Core deposits grew 10.85%. However, shareholder equity decreased to $8.63 per share due to unrealized losses linked to rising interest rates.
Coeur d'Alene Bancorp has appointed Tag Jacklin to its Board of Directors, enhancing its leadership with his extensive experience in community banking and real estate. A native of Post Falls, Tag holds a Bachelor’s in Finance and Economics from Tulane University and an MBA from Washington State University. His background includes managing substantial real estate assets and active involvement in local economic development. The bank, with total assets around $270 million, aims to leverage Tag's expertise to expand its service capabilities in the Inland Northwest.
Coeur d'Alene Bancorp (OTC PINK:CDAB) reported net income of $413,517 or $0.22 per share for Q2 2022, slightly up from $408,913 in Q2 2021. Year-to-date net income was $644,772 or $0.34 per share, down from $928,429 in 2021. Total assets reached $251.2 million, a 6.8% increase year-over-year. Gross loans rose by 21% to $96.4 million. The investment portfolio totaled $104.5 million but showed an unrealized loss of $5.7 million. The bank maintains a strong liquidity position and five-star rating from Bauer Financial.
Coeur d'Alene Bancorp (OTC PINK:CDAB) announced its first quarter 2022 results, revealing a net income of $231,255 ($0.12 per share), down from $519,516 ($0.28 per share) in Q1 2021. Total consolidated assets rose to $252.4 million, an 18.4% increase year-over-year. The bank's investment portfolio reported an unrealized loss of $3.3 million amidst rising interest rates, affecting its overall asset value. Loans grew by 5.47% net of Paycheck Protection Program (PPP), while deposits increased by 3.86% during the quarter.
Coeur d'Alene Bancorp (OTC PINK:CDAB) reported a net income of $413,091 for Q4 2021, down from $554,076 in Q4 2020. However, the year's total net income was $1,775,330, up 37% from 2020, driven by a 17.7% rise in non-interest income. Total assets grew by 30.1% to $247.6 million, with significant increases in deposits and investments. Yet, gross loans fell due to PPP loan forgiveness, totaling $82.3 million. The company maintains a strong liquidity position and anticipates growth in interest income amid rising rates.
Coeur d'Alene Bancorp (OTC PINK:CDAB) reported net income of $433,810 for Q3 2021, up from $280,764 in Q3 2020, and $1,362,239 for the nine months ended September 30, 2021, compared to $737,208 in 2020. Total assets increased by 33.2% to $240.05 million, driven by higher deposits and investments. However, total loans decreased by $4.5 million due to PPP forgiveness. The net interest margin for the first nine months was 2.45%, down from 3.42% last year, reflecting a shift towards lower-yield investment securities amidst strong deposit growth.
Coeur d'Alene Bancorp (OTC PINK:CDAB) reported strong financial results for Q2 2021, with net income of $408,913 ($0.22 per share), a significant increase from $214,283 ($0.11 per share) in Q2 2020. Year-to-date net income reached $928,429 ($0.49 per share), compared to $456,444 ($0.24 per share) in 2020. Total assets grew to $235.2 million, up from $171.5 million a year earlier. Robust deposit growth of over $16 million was noted, alongside a successful $5 million subordinated debt offering, strengthening the bank's capital ratios.
Coeur d’Alene Bancorp (OTC Pink: CDAB) reported a net income of $519,516 or $0.28 per share for Q1 2021, up from $242,160 or $0.13 per share in Q1 2020. Key highlights include a 47% increase in total assets to $213.2 million year-over-year, with total deposits rising 13.9% to $190.9 million. The bank achieved a 1.04% return on average assets (ROAA) and 9.94% return on average equity (ROAE). Strong deposit growth is attributed to an upward trend in the small business environment, despite challenges in loan portfolio growth.
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