Peak Bancorp, Inc. - IDFB STOCK NEWS

Peak Bancorp, Inc. (OTC: IDFB) reported a third-quarter net income of $1.29 million, with year-to-date income reaching $4.59 million. The book value per share rose to $7.75, up from $7.48 last quarter and $6.62 a year ago. The loan portfolio grew to $421 million, with a $19 million increase excluding Paycheck Protection Program loans. Total deposits hit $408 million, representing a $124 million increase year-over-year. Credit quality remains strong, with an allowance for loan losses of $4.5 million.

Idaho First Bank (OTCPINK: IDFB) has announced the appointment of Melissa Leon as VP, Human Resources Director at its Boise office. In her new role, Melissa will manage key HR functions including onboarding and talent acquisition. She brings valuable experience from her previous role in the manufacturing sector and aims to enhance HR processes to support the Bank's growth. CEO Todd Cooper praised her enthusiasm and fit within the company, emphasizing the organization's commitment to putting People First. Idaho First Bank, established in 2005, serves communities across southwest Idaho.

Idaho First Bank (OTCPINK: IDFB) has appointed Morgan Poyser as the new IT Director at its Boise corporate office. With over 20 years of IT experience, Poyser will oversee the development and daily operations of the bank’s IT infrastructure, aiming to enhance internal efficiencies and customer experiences. His arrival aligns with the bank's strategy to expand its IT department. CEO Todd Cooper expressed confidence in Poyser's ability to lead the team and improve service delivery. Idaho First Bank is a community-focused institution serving southwest Idaho and has multiple branches across the region.

Peak Bancorp, Inc. (OTC: IDFB) announced its second-quarter financial results for 2021, reporting a net income of $1.4 million, totaling $3.3 million year-to-date. The book value per share rose to $7.48, up from $7.20 in the previous quarter. The loan portfolio reached $541 million, including $221 million in PPP loans, with a growth of $30 million quarter-over-quarter. Deposits increased by $15 million to $405 million. The allowance for loan loss was raised to $4.2 million, representing 1.32% of loans, highlighting strong credit quality amid robust growth.

Idaho First Bank and Peak Bancorp, Inc. have successfully completed a share exchange, making Peak Bancorp the holding company for Idaho First Bank (OTCPINK: IDFB). This transition was approved by shareholders at the annual meeting on April 26, 2021, and received the green light from the Federal Reserve Bank of San Francisco. The share exchange is at a one-for-one ratio, with trading for the new entity beginning on July 2, 2021. The Bank will maintain its operations, and the current management will continue in their roles, focusing on strategic expansion.

Idaho First Bank (OTC: IDFB) has appointed Zak Sundsten as Vice President and Commercial Relationship Manager at its Bend, Oregon Loan Production Office. With over 24 years of experience, Sundsten aims to enhance the bank's service to local businesses. He previously worked at Umpqua Bank and is committed to providing fast and professional service. Both Steve Ferber and Todd Cooper praise his community involvement and expertise in commercial lending. Idaho First Bank continues to focus on supporting the business community in Central Oregon.

Idaho First Bank (OTC: IDFB) has appointed Spring Alexander as the new Compliance and Operations Officer, based in Boise. With over 20 years of banking experience, including her previous role at Sunwest Bank, Spring will oversee Compliance policies and manage the Operations strategy across multiple branches. Her expertise aims to enhance the bank's operational strengths and compliance standards. CEO Todd Cooper expressed confidence that her addition will elevate the bank’s high standards. Idaho First Bank is dedicated to serving the community in southwest Idaho.

Idaho First Bank (OTC: IDFB) has appointed Todd Cooper as the new Chief Executive Officer, succeeding founder Greg Lovell, who will retire after an 18-month succession plan. Todd, who joined the Bank in 2020 and previously served as Chief Operating Officer and President, aims to further the Bank's growth and maintain its community-focused values. Lovell remains on the Board and will continue to support the Bank's direction. The transition highlights a commitment to stability and future success as Idaho First Bank embraces its 'People First and Community First' mission.

Idaho First Bank (OTC: IDFB) reported strong Q1 2021 results, achieving a quarterly profit record of $1.9 million, driven largely by PPP loans averaging $514 million. The bank's total assets reached $820 million, with non-PPP loans increasing by 11% to $300 million. Q1 deposits rose by 12% to $390 million. The allowance for loan losses was adjusted to $3.62 million, reflecting proactive measures for credit quality. CEO Greg Lovell announced his retirement as part of a succession plan, with emphasis on the bank's expansion into new markets and commitment to supporting local businesses.