-
'Pure joy' for Matarazzo after Copa del Rey triumph
-
Messi scores winner as Miami down Colorado on coach debut
-
Nuggets hold off T'Wolves, Cavs thump Raptors in NBA playoff openers
-
Fitzpatrick extends lead as Scheffler charges at RBC Heritage
-
Real Sociedad secure Copa del Rey penalty triumph over Atletico
-
'Scandalous' Marseille lose at Lorient, dent Champions League bid
-
Arteta urges Arsenal to have no regrets in Man City title showdown
-
Substitute Dupont helps Toulouse cruise past Castres in Top 14
-
Questions surround Warriors after NBA play-in exit
-
Man Utd beat Chelsea as Spurs stunned by Brighton equaliser
-
Cunha steers Man Utd towards Champions League at Chelsea's expense
-
Cavs cruise past Raptors in NBA playoff opener
-
England beat Iceland to stay perfect in Women's World Cup qualifying
-
Spurs 'not finished yet', says defiant De Zerbi
-
Germany's Gnabry a World Cup doubt after thigh injury
-
Spurs stunned by late Brighton equaliser, Leeds pull clear of trouble
-
Spurs count cost after Brighton draw leaves them in drop zone
-
'Scandalous' Marseille lose at Lorient, damage Champions League bid
-
Abhishek fireworks, Malinga spell sink Chennai
-
Napoli's Serie A title defence nears end with Lazio defeat
-
England run in 12 tries to hammer Scotland in Six Nations
-
Rybakina powers past Andreeva to reach Stuttgart final
-
At least 5 killed after gunman opens fire in Ukrainian capital
-
Bayern on cusp of title as Dortmund lose, Eta beaten on debut
-
Rublev, Fils fightbacks set up Barcelona Open final
-
Leeds pull clear of trouble, Bournemouth sink Newcastle
-
Spain rout Ukraine to boost Women's World Cup qualifying hopes
-
Bayern close in on Bundesliga title as Dortmund lose
-
Iran closes Hormuz Strait again, as Trump warns against 'blackmail'
-
US extends sanctions waiver on purchases of Russian oil
-
Trump signs order to fast-track research on psychedelic drugs
-
Cobolli downs Zverev to set up Munich final with Shelton
-
Pope arrives in Angola on Africa tour overshadowed by Trump
-
Thousands protest in Germany urging faster green shift
-
La Rochelle thump threadbare Bordeaux-Begles
-
Muchova battles past Svitolina to book Stuttgart final berth
-
Allegri rules out taking Italy job, wants to stay at AC Milan
-
Miller bludgeons Delhi to IPL win over Bengaluru
-
Pope says he regrets his remarks interpreted as a debate with Trump
-
Brentford blow chance for top six in Fulham stalemate
-
Trade ships hit in Hormuz as Iran reopening falters
-
France blames Hezbollah for French peacekeeper's death in Lebanon
-
Venezuela's Machado doesn't regret gifting Nobel Peace Prize to Trump
-
No date set for next round of Iran-US talks: Iran deputy FM
-
Iran closes Hormuz Strait again over US blockade, ships reverse course
-
'We've already beaten other favorites', Lyon's Endrick warns PSG
-
Turkey says Israel using security as a pretext to acquire 'more land'
-
Iran closes Hormuz Strait again over US blockade with ships mid-transit
-
French film star Nathalie Baye dead at 77: family to AFP
-
China sex toy makers cautiously embrace AI wave
Coeur d'Alene Bancorp Announces Its Third Quarter 2025 Results
Coeur d'Alene Bancorp (OTC Pink:CDAB), the parent company of bankcda, is pleased to announce its results for the third quarter 2025.
COEUR D'ALENE, ID, ID / ACCESS Newswire / October 13, 2025 / Coeur d'Alene Bancorp, today reported net income of $402,111 or $0.21 per share for the third quarter 2025, compared to $253,324 or $0.13 per share for the third quarter 2024. Net income of $1,024,764 or $0.54 per share for the nine months ended September 30, 2025, was also reported, compared to $1,022,217 or $0.54 per share for the nine months ended 2024. All results are unaudited.
As of September 30, 2025, total consolidated assets were $237.3 million, a decrease of $2.5 million or 1.1% compared to September 30, 2024. Gross loans ended the period at $130.1 million compared to $125.3 million as of September 30, 2024, an increase of $4.8 million or 3.8%. Total deposits were $204.0 million as of September 30, 2025, compared to $203.4 million as of September 30, 2024, a 0.3% increase.
"We are pleased with our performance for the first nine months with steady deposit growth and loan demand along with improving profitability, net income in Q3 and year to date exceeded same quarter prior year for the nine months ended 2024. Our net interest margin continues to expand, helping offset increased overhead related to our recent expansion into Washington state. During the quarter we opened our second branch in Washington in Richland, which is our second branch opening in 2025. Deposits grew $8.6 million during the quarter, continuing to improve our already strong liquidity position." said Wes Veach, President, and Chief Executive Officer.
Financial Highlights:
Diluted earnings per share were $0.53 for nine months ended 2025, versus $0.53 per share for nine months ended 2024.
Net book value per share ended the quarter at $13.44 compared to $12.37 one year ago.
Annualized return on average asset (ROAA) was 0.59% and annualized return on average equity (ROAE) was 5.67% for nine months ended 2025, compared to 0.57% and 6.37% for nine months ended 2024, respectively.
Total assets ended the period at $237.3 million compared to $239.8 million as of September 30, 2024, a decrease of 1.1%.
Gross loans were $130.1 million at quarter end, versus $125.3 million on September 30, 2024.
Total deposits were $204.0 million, compared to $203.4 million as of September 30, 2024, an increase of 0.3%.
For the nine months ended September 30, 2025, net interest margin was 3.99%, compared to 3.20% for the nine months ended September 30, 2024.
Asset quality remains strong with nonperforming assets to Tier 1 capital of 0.57% as of September 30, 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, Kellogg, Spokane, and Richland.
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)
Sep 30, 2025 | Sep 30, 2024 | Jun 30, 2025 | ||||
Assets: | ||||||
Cash and due from banks | $ | 20,927,902 | $ | 9,573,400 | $ | 11,533,346 |
Securities available for sale, at fair value | 76,538,591 | 96,787,716 | 68,167,726 | |||
Net loans | 127,414,594 | 122,993,089 | 134,990,764 | |||
Other assets | 12,402,510 | 10,449,503 | 12,356,101 | |||
Total assets | $ | 237,283,598 | $ | 239,803,707 | $ | 227,047,937 |
Liabilities and Shareholders' Equity: | ||||||
Total deposits | $ | 203,988,773 | $ | 203,369,574 | $ | 195,438,280 |
Borrowings | - | 7,000,000 | - | |||
Capital lease liability | 1,394,225 | 354,462 | 1,418,758 | |||
Other liabilities | 6,378,002 | 5,694,015 | 5,773,133 | |||
Shareholders' equity | 25,522,598 | 23,385,656 | 24,417,766 | |||
Total liabilities and shareholders' equity | $ | 237,283,598 | $ | 239,803,707 | $ | 227,047,937 |
Ratios: | ||||||
Return on average assets | 0.59 | % | 0.57 | % | 0.54 | % |
Return on average equity | 5.67 | % | 6.37 | % | 5.25 | % |
Community bank leverage ratio | 11.28 | % | 10.33 | % | 11.42 | % |
Net interest margin (YTD) | 3.99 | % | 3.20 | % | 3.86 | % |
Efficiency Ratio (YTD) | 76.59 | % | 74.71 | % | 76.57 | % |
Nonperforming assets to total assets | 0.06 | % | 0.00 | % | 0.07 | % |
Nonperforming assets to tier 1 capital | 0.57 | % | 0.00 | % | 0.61 | % |
Income Statement Overview
(unaudited)
For the three months ended | For the nine months ended | |||||||||||
Sep 30, 2025 | Sep 30, 2024 | Sep 30, 2025 | Sep 30, 2024 | |||||||||
Interest income | $ | 3,050,608 | $ | 2,833,644 | $ | 8,795,583 | $ | 8,139,058 | ||||
Interest expense | 692,527 | 922,240 | 2,161,758 | 2,548,724 | ||||||||
Net interest income | 2,358,081 | 1,911,404 | 6,633,826 | 5,590,334 | ||||||||
Loan loss provision | 106,500 | 180,000 | 319,500 | 182,812 | ||||||||
Noninterest income | 250,760 | 242,024 | 707,825 | 695,001 | ||||||||
Salaries and employee benefits | 1,090,904 | 870,086 | 3,139,333 | 2,649,744 | ||||||||
Occupancy expense | 258,966 | 161,566 | 714,784 | 499,293 | ||||||||
Loss on sale, net of gains | - | - | - | 23,005 | ||||||||
Other noninterest expense | 649,263 | 552,460 | 1,768,964 | 1,546,731 | ||||||||
Income before income taxes | 503,208 | 389,316 | 1,399,071 | 1,383,751 | ||||||||
Income tax expense | 101,097 | 135,991 | 374,307 | 361,534 | ||||||||
Net income | $ | 402,111 | $ | 253,324 | $ | 1,024,764 | $ | 1,022,217 | ||||
SOURCE: Coeur d'Alene Bancorp
View the original press release on ACCESS Newswire
A.Taylor--AT