Welcome to our dedicated page for Coeur D' Alene Bancorp news (Ticker: CDAB), a resource for investors and traders seeking the latest updates and insights on Coeur D' Alene Bancorp stock.
News about Coeur d'Alene Bancorp (CDAB) centers on its role as the parent company of bankcda, a business-focused community bank serving the Inland Northwest. Company announcements highlight dividend decisions, board appointments and updates related to its community banking activities.
Investors and community members following CDAB news can find details on annual cash dividend declarations, including per-share amounts and key dates for shareholders of record. These releases provide insight into how the company has chosen to return capital to shareholders through cash dividends.
News items also cover governance developments, such as appointments to the boards of Coeur d'Alene Bancorp and bankcda. These announcements often describe the professional background of new directors and how their experience aligns with the bank's focus on serving people and businesses in the Inland Northwest.
Because bankcda is described as a business-focused community bank built on personal relationships, news about Coeur d'Alene Bancorp can be useful for understanding how the organization positions itself within its regional markets, including Coeur d'Alene, Hayden, Kellogg, Post Falls and Spokane. For readers tracking CDAB, this page offers a centralized view of company-issued updates related to dividends, board composition and community banking priorities.
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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.
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.
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