Coeur d'Alene Bancorp Announces Its First Quarter 2025 Results
Coeur d'Alene Bancorp (CDAB) has reported its Q1 2025 financial results, with net income of $249,759 ($0.13 per share), compared to $385,434 ($0.20 per share) in Q1 2024. Total assets decreased 3.7% to $231.1 million, while gross loans increased 12.7% to $136.6 million compared to March 2024.
Key highlights include:
- Net interest margin improved to 3.62% from 3.20% year-over-year
- Total deposits slightly decreased by 2.0% to $194.0 million
- Net book value per share increased to $12.58 from $11.01 year-over-year
- Return on average assets (ROAA) was 0.42% and return on average equity (ROAE) was 4.26%
The company opened its first full-service branch in Spokane during Q1 2025 as part of its growth strategy. While net income declined due to increased expansion-related overhead costs, management remains confident in future benefits from these initiatives.
Coeur d'Alene Bancorp (CDAB) ha comunicato i risultati finanziari del primo trimestre 2025, con un utile netto di 249.759 $ (0,13 $ per azione), rispetto ai 385.434 $ (0,20 $ per azione) del primo trimestre 2024. Gli attivi totali sono diminuiti del 3,7% attestandosi a 231,1 milioni di $, mentre i prestiti lordi sono aumentati del 12,7% raggiungendo 136,6 milioni di $ rispetto a marzo 2024.
Punti salienti includono:
- Il margine di interesse netto è migliorato al 3,62% dal 3,20% anno su anno
- I depositi totali sono leggermente diminuiti del 2,0% a 194,0 milioni di $
- Il valore contabile netto per azione è salito a 12,58 $ da 11,01 $ anno su anno
- Il rendimento medio degli attivi (ROAA) è stato dello 0,42% e il rendimento medio del patrimonio netto (ROAE) del 4,26%
La società ha inaugurato la sua prima filiale a servizio completo a Spokane durante il primo trimestre 2025, parte della strategia di crescita. Sebbene l’utile netto sia diminuito a causa dei maggiori costi generati dall’espansione, la direzione resta fiduciosa nei benefici futuri derivanti da queste iniziative.
Coeur d'Alene Bancorp (CDAB) ha presentado sus resultados financieros del primer trimestre de 2025, con un ingreso neto de $249,759 ($0.13 por acción), en comparación con $385,434 ($0.20 por acción) en el primer trimestre de 2024. Los activos totales disminuyeron un 3.7% hasta $231.1 millones, mientras que los préstamos brutos aumentaron un 12.7% hasta $136.6 millones en comparación con marzo de 2024.
Los aspectos destacados incluyen:
- El margen de interés neto mejoró a 3.62% desde 3.20% interanual
- Los depósitos totales disminuyeron ligeramente un 2.0% hasta $194.0 millones
- El valor contable neto por acción aumentó a $12.58 desde $11.01 interanual
- El retorno sobre activos promedio (ROAA) fue del 0.42% y el retorno sobre patrimonio promedio (ROAE) del 4.26%
La compañía abrió su primera sucursal de servicio completo en Spokane durante el primer trimestre de 2025 como parte de su estrategia de crecimiento. Aunque el ingreso neto disminuyó debido a mayores costos relacionados con la expansión, la dirección se mantiene confiada en los beneficios futuros de estas iniciativas.
Coeur d'Alene Bancorp (CDAB)는 2025년 1분기 재무 실적을 발표했으며, 순이익은 249,759달러 (주당 0.13달러)로 2024년 1분기의 385,434달러 (주당 0.20달러)와 비교됩니다. 총 자산은 3.7% 감소하여 2억 3,110만 달러를 기록했으나, 총 대출금은 12.7% 증가하여 1억 3,660만 달러에 이르렀습니다(2024년 3월 대비).
주요 사항은 다음과 같습니다:
- 순이자마진이 전년 대비 3.20%에서 3.62%로 개선됨
- 총 예금은 2.0% 소폭 감소하여 1억 9,400만 달러
- 주당 순장부가치는 전년 대비 11.01달러에서 12.58달러로 증가
- 평균자산수익률(ROAA)은 0.42%, 평균자기자본수익률(ROAE)은 4.26%
회사는 성장 전략의 일환으로 2025년 1분기에 스포캔에 첫 번째 풀서비스 지점을 개설했습니다. 순이익은 확장 관련 비용 증가로 감소했지만, 경영진은 이러한 이니셔티브로 인한 미래 이익에 대해 여전히 자신감을 보이고 있습니다.
Coeur d'Alene Bancorp (CDAB) a publié ses résultats financiers du premier trimestre 2025, avec un bénéfice net de 249 759 $ (0,13 $ par action), contre 385 434 $ (0,20 $ par action) au premier trimestre 2024. Les actifs totaux ont diminué de 3,7 % pour s’établir à 231,1 millions de $, tandis que les prêts bruts ont augmenté de 12,7 % pour atteindre 136,6 millions de $ par rapport à mars 2024.
Les points clés incluent :
- La marge nette d’intérêt s’est améliorée à 3,62 % contre 3,20 % d’une année sur l’autre
- Les dépôts totaux ont légèrement diminué de 2,0 % à 194,0 millions de $
- La valeur comptable nette par action est passée de 11,01 $ à 12,58 $ d’une année sur l’autre
- Le rendement moyen des actifs (ROAA) était de 0,42 % et le rendement moyen des capitaux propres (ROAE) de 4,26 %
L’entreprise a ouvert sa première agence en libre-service complète à Spokane au cours du premier trimestre 2025 dans le cadre de sa stratégie de croissance. Bien que le bénéfice net ait diminué en raison de coûts généraux accrus liés à l’expansion, la direction reste confiante dans les bénéfices futurs de ces initiatives.
Coeur d'Alene Bancorp (CDAB) hat seine Finanzergebnisse für das erste Quartal 2025 veröffentlicht und einen Nettogewinn von 249.759 $ (0,13 $ pro Aktie) erzielt, verglichen mit 385.434 $ (0,20 $ pro Aktie) im ersten Quartal 2024. Die Gesamtaktiva sanken um 3,7 % auf 231,1 Millionen $, während die Bruttokredite im Vergleich zu März 2024 um 12,7 % auf 136,6 Millionen $ stiegen.
Wichtige Highlights sind:
- Die Nettozinsmarge verbesserte sich von 3,20 % auf 3,62 % im Jahresvergleich
- Die Gesamteinlagen gingen leicht um 2,0 % auf 194,0 Millionen $ zurück
- Der Nettobuchwert je Aktie stieg von 11,01 $ auf 12,58 $ im Jahresvergleich
- Die Rendite auf das durchschnittliche Vermögen (ROAA) lag bei 0,42 % und die Rendite auf das durchschnittliche Eigenkapital (ROAE) bei 4,26 %
Das Unternehmen eröffnete im ersten Quartal 2025 seine erste Filiale mit vollem Service in Spokane im Rahmen seiner Wachstumsstrategie. Obwohl der Nettogewinn aufgrund gestiegener expansiver Gemeinkosten zurückging, bleibt das Management zuversichtlich hinsichtlich der zukünftigen Vorteile dieser Initiativen.
- None.
- None.
Coeur d'Alene, Idaho: Coeur d'Alene Bancorp (OTC Pink:CDAB), the parent company of bankcda, is pleased to announce its results for the first quarter 2025.
POST FALLS, ID / ACCESS Newswire / April 15, 2025 / Coeur d'Alene Bancorp, today reported net income of
As of March 31, 2025, total consolidated assets were
"2025 is off to a good start, we opened our first full-service branch in Spokane during the quarter as part of our growth strategy. Loan growth continues to be steady with
Financial Highlights:
Diluted earnings per share were
$0.13 for three months ended 2025 versus$0.20 per share for three months ended 2024.Net book value per share ended the quarter at
$12.58 compared to$11.01 from one year ago.Annualized return on average asset (ROAA) was
0.42% and annualized return on average equity (ROAE) was4.26% for three months ended 2025 compared to0.65% and7.48% for three months ended 2024, respectively.Total assets ended the period at
$231.1 million compared to$239.9 million as of March 31, 2024, a decrease of3.7% .Gross loans were
$136.6 million at quarter end, versus$121.1 million on March 31, 2024.Total deposits were
$194.0 million , compared to$198.0 million as of March 31, 2024, a decrease of2.0% .For the 3 months ended March 31, 2025, net interest margin was
3.62% , compared to3.20% for 3 months ended March 31, 2024.Asset quality remains strong with nonperforming assets to Tier 1 capital of
0% as of March 31, 2025.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, and Kellogg, Spokane, and a loan production office in Spokane Valley.
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)
| Mar 31, 2025 |
|
| Mar 31, 2024 |
|
| Dec 31, 2024 |
| ||||
Assets: |
|
|
|
|
|
|
|
|
| |||
Cash and due from banks |
| $ | 6,523,357 |
|
| $ | 10,342,676 |
|
| $ | 6,170,321 |
|
Securities available for sale, at fair value |
|
| 77,684,462 |
|
|
| 100,446,473 |
|
|
| 91,070,959 |
|
Net loans |
|
| 134,049,508 |
|
|
| 119,032,731 |
|
|
| 131,562,189 |
|
Other assets |
|
| 12,821,221 |
|
|
| 10,103,270 |
|
|
| 12,610,024 |
|
Total assets |
| $ | 231,078,548 |
|
| $ | 239,925,150 |
|
| $ | 241,413,494 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Liabilities and Shareholders' Equity: |
|
|
|
|
|
|
|
|
|
|
|
|
Total deposits |
| $ | 193,995,705 |
|
| $ | 198,007,164 |
|
| $ | 195,494,331 |
|
Borrowings |
|
| 6,000,000 |
|
|
| 15,500,000 |
|
|
| 15,397,000 |
|
Capital lease liability |
|
| 1,436,798 |
|
|
| 389,393 |
|
|
| 1,442,171 |
|
Other liabilities |
|
| 5,784,565 |
|
|
| 5,211,527 |
|
|
| 5,714,280 |
|
Shareholders' equity |
|
| 23,861,479 |
|
|
| 20,817,067 |
|
|
| 23,365,712 |
|
Total liabilities and shareholders' equity |
| $ | 231,078,548 |
|
| $ | 239,925,150 |
|
| $ | 241,413,494 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Ratios: |
|
|
|
|
|
|
|
|
|
|
|
|
Return on average assets |
|
| 0.42 | % |
|
| 0.65 | % |
|
| 0.62 | % |
Return on average equity |
|
| 4.26 | % |
|
| 7.48 | % |
|
| 6.77 | % |
Community bank leverage ratio |
|
| 10.74 | % |
|
| 10.22 | % |
|
| 10.59 | % |
Net interest margin (YTD) |
|
| 3.62 | % |
|
| 3.20 | % |
|
| 3.27 | % |
Efficiency Ratio (YTD) |
|
| 79.20 | % |
|
| 75.04 | % |
|
| 75.72 | % |
Nonperforming assets to total assets |
|
| 0.00 | % |
|
| 0.00 | % |
|
| 0.00 | % |
Nonperforming assets to tier 1 capital |
|
| 0.00 | % |
|
| 0.00 | % |
|
| 0.00 | % |
Income Statement Overview
(unaudited)
| For the three months ended |
| ||||||
| Mar 31, 2025 |
|
| Mar 31, 2024 |
| |||
Interest income |
| $ | 2,856,144 |
|
| $ | 2,644,552 |
|
Interest expense |
|
| 801,329 |
|
|
| 780,945 |
|
Net interest income |
|
| 2,054,815 |
|
|
| 1,863,607 |
|
Loan loss provision |
|
| 106,500 |
|
|
| - |
|
Noninterest income |
|
| 216,080 |
|
|
| 214,912 |
|
Salaries and employee benefits |
|
| 1,000,116 |
|
|
| 903,781 |
|
Occupancy expense |
|
| 236,595 |
|
|
| 172,267 |
|
Loss on sale, net of gains |
|
| - |
|
|
| 23,005 |
|
Other noninterest expense |
|
| 561,877 |
|
|
| 483,613 |
|
Income before income taxes |
|
| 365,806 |
|
|
| 495,853 |
|
Income tax expense |
|
| 116,046 |
|
|
| 110,419 |
|
Net income |
| $ | 249,759 |
|
| $ | 385,434 |
|
SOURCE: Coeur d'Alene Bancorp
View the original press release on ACCESS Newswire
FAQ
What caused CDAB's net income decline in Q1 2025 compared to Q1 2024?
How much did CDAB's loan portfolio grow in Q1 2025?
What is CDAB's net interest margin for Q1 2025?
How did CDAB's deposit base change in Q1 2025?
What is CDAB's asset quality status as of Q1 2025?
