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Coeur d'Alene Bancorp reports corporate updates for CDAB as the parent company of bankcda, a regional bank with branches in Idaho and Washington. Recurring news centers on annual cash dividends to shareholders, the bank's branch footprint in Coeur d'Alene, Hayden, Kellogg, Post Falls, Spokane and Richland, and board-level governance changes affecting both the holding company and bankcda.
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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.
Coeur d'Alene Bancorp (OTC Pink: CDAB) reported net income of $1,291,283 ($0.69/share) for the full year 2020, down from $1,404,144 ($0.83/share) in 2019. The fourth-quarter net income reached $554,076, a significant increase over $355,323 in Q4 2019. Total assets rose by 35.3% to $190.3 million, with loans up to $88.5 million. Total deposits increased by 39.11% to $168.1 million. Despite strong performance, diluted earnings per share declined to $0.68 from $0.82 due to lower interest rates and expenses related to core system conversion.