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About Coeur D'Alene Bancorp (CDAB)
Coeur D'Alene Bancorp (OTC Pink: CDAB) is a community-focused financial services company headquartered in Coeur d'Alene, Idaho. As the parent company of bankcda, it operates with a mission to serve the financial needs of individuals, businesses, and organizations in the local communities of Idaho and Washington. With branches in Coeur d'Alene, Hayden, Post Falls, Kellogg, and Spokane, as well as a loan production office in Spokane Valley, the company is strategically positioned to provide tailored banking solutions to its customers.
Core Business Areas
Coeur D'Alene Bancorp’s primary business revolves around traditional banking services, including:
- Loan Products: Offering commercial, residential, and consumer loans to meet the diverse financial needs of its clients. The company has demonstrated consistent growth in its loan portfolio, reflecting strong demand and prudent lending practices.
- Deposit Services: Providing a range of deposit accounts, including checking, savings, and time deposits, to support both individual and business clients. Despite industry-wide challenges, the company has maintained a stable deposit base.
- Investment Services: Managing a robust portfolio of investments to optimize returns while maintaining a conservative risk profile.
Market Position and Competitive Edge
Operating in a competitive regional banking landscape, Coeur D'Alene Bancorp distinguishes itself through its commitment to community banking principles. The company emphasizes personalized customer service, local decision-making, and strong ties to the communities it serves. Its five-star rating from Bauer Financial underscores its financial strength and reliability, while its strategic expansion into the Spokane market signals a focus on growth and long-term sustainability.
Financial Strength and Asset Quality
Coeur D'Alene Bancorp consistently demonstrates strong financial performance, supported by a conservative approach to risk management. Its asset quality remains robust, with nonperforming assets consistently at 0.00%, highlighting its disciplined credit standards. The company also exceeds regulatory requirements, ensuring a solid foundation for future growth.
Community-Centric Approach
As a community bank, Coeur D'Alene Bancorp prioritizes the economic well-being of the regions it serves. By providing accessible financial products and services, the company plays a vital role in supporting local businesses, fostering economic development, and enhancing the overall quality of life in its communities.
Strategic Growth and Future Outlook
In recent years, Coeur D'Alene Bancorp has focused on strategic growth initiatives, including the opening of a commercial lending office and retail branch in Spokane. These efforts aim to expand its footprint while maintaining its commitment to community banking values. The company’s ability to adapt to changing market conditions, coupled with its strong balance sheet, positions it well for sustained success in the regional banking sector.
Conclusion
Coeur D'Alene Bancorp (CDAB) exemplifies the principles of community banking, combining financial strength, personalized service, and a commitment to local economic development. Its strategic expansion and strong asset quality make it a noteworthy player in the regional banking industry. Investors and customers alike can trust in the company’s dedication to delivering value and maintaining financial stability.
Coeur d'Alene Bancorp (OTC PINK:CDAB), the parent company of bankcda, has announced a cash dividend of $0.20 per share. The dividend will be paid on February 14, 2025, to shareholders of record as of January 31, 2025.
The company operates through its subsidiary bankcda, with branches located in Coeur d'Alene, Hayden, Kellogg, Post Falls and Spokane, WA, with headquarters in Coeur d'Alene, Idaho.
Coeur d'Alene Bancorp (OTC Pink:CDAB) reported Q4 2024 net income of $452,990 ($0.24 per share), down from $563,908 ($0.30) in Q4 2023. Full-year 2024 net income was $1,475,207 ($0.78 per share), compared to $2,118,568 ($1.12) in 2023.
Total assets reached $241.4 million, up 1.3% year-over-year. Gross loans increased 12.6% to $133.9 million, while deposits slightly increased by 0.2% to $195.5 million. The company expanded into the Spokane market with a loan origination office in Spokane Valley and plans to open a retail branch on 5-Mile Road.
Net interest margin for 2024 was 3.27%, down from 3.38% in 2023. The bank maintains strong asset quality with zero nonperforming assets to Tier 1 capital and continues to exceed minimum Community Bank Leverage Ratio requirements.
Coeur d'Alene Bancorp (OTC PINK:CDAB) reported its third quarter 2024 results. Net income for Q3 2024 was $253,324 or $0.13 per share, compared to $561,223 or $0.30 in Q3 2023. For the nine months ended September 30, 2024, net income was $1,022,217 or $0.54 per share, down from $1,554,659 or $0.82 per share in the same period of 2023.
Total consolidated assets increased by 0.9% to $239.8 million. Gross loans grew by 6.4% to $125.3 million, while total deposits decreased by 5.1% to $203.4 million. The company's net interest margin for the nine months ended September 30, 2024, was 3.20%, down from 3.41% in the same period of 2023.
The decrease in net income was attributed to increased staffing expenses related to the Spokane market expansion and loan loss provisions totaling $180,000 for loan growth. Despite these challenges, the company maintains a strong liquidity position and continues to exceed the minimum Community Bank Leverage Ratio.
Coeur d'Alene Bancorp (OTC PINK:CDAB) reported its Q2 2024 results, with net income of $383,459 ($0.20 per share), down from $543,152 ($0.29 per share) in Q2 2023. For the first six months of 2024, net income was $768,893 ($0.41 per share), compared to $993,437 ($0.53 per share) in 2023. Total assets increased 1.4% to $239.8 million, while gross loans grew 7.6% to $120.6 million. However, total deposits decreased 7.6% to $196.8 million. The company maintains strong asset quality with 0.00% nonperforming assets and a Five Star rating from Bauer Financial. Coeur d'Alene Bancorp plans to open its first Spokane retail location in early Q4 2024.
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.
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