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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) 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.
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.
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