Coeur d'Alene Bancorp Announces Its Second Quarter 2025 Results
Coeur d'Alene Bancorp (OTC Pink:CDAB) reported Q2 2025 net income of $372,894 ($0.20 per share), compared to $383,459 ($0.20 per share) in Q2 2024. For the first half of 2025, net income was $622,653 ($0.33 per share), down from $768,893 ($0.41 per share) in H1 2024.
The bank's total assets reached $227.0 million, decreasing 5.3% year-over-year. Gross loans grew 14.1% to $137.6 million, while deposits slightly decreased by 0.7% to $195.4 million. The net interest margin improved to 3.86% from 3.17% year-over-year.
The company maintains strong asset quality with a 0.61% nonperforming assets to Tier 1 capital ratio and plans to open a second Washington state branch in Richland during Q3 2025.
Coeur d'Alene Bancorp (OTC Pink:CDAB) ha riportato un utile netto nel secondo trimestre 2025 di $372.894 ($0,20 per azione), rispetto a $383.459 ($0,20 per azione) nel secondo trimestre 2024. Per il primo semestre 2025, l'utile netto 猫 stato di $622.653 ($0,33 per azione), in calo rispetto a $768.893 ($0,41 per azione) nel primo semestre 2024.
Gli attivi totali della banca hanno raggiunto $227,0 milioni, registrando una diminuzione del 5,3% su base annua. I prestiti lordi sono cresciuti del 14,1%, arrivando a $137,6 milioni, mentre i depositi sono leggermente diminuiti dello 0,7%, attestandosi a $195,4 milioni. Il margine d'interesse netto 猫 migliorato, passando dal 3,17% al 3,86% su base annua.
L'azienda mantiene una solida qualit脿 degli attivi con un rapporto tra crediti deteriorati e capitale Tier 1 pari a 0,61% e prevede di aprire una seconda filiale nello stato di Washington, a Richland, nel terzo trimestre del 2025.
Coeur d'Alene Bancorp (OTC Pink:CDAB) inform贸 un ingreso neto en el segundo trimestre de 2025 de $372,894 ($0.20 por acci贸n), en comparaci贸n con $383,459 ($0.20 por acci贸n) en el segundo trimestre de 2024. Para el primer semestre de 2025, el ingreso neto fue de $622,653 ($0.33 por acci贸n), disminuyendo desde $768,893 ($0.41 por acci贸n) en el primer semestre de 2024.
Los activos totales del banco alcanzaron $227.0 millones, disminuyendo un 5.3% interanual. Los pr茅stamos brutos crecieron un 14.1% hasta $137.6 millones, mientras que los dep贸sitos disminuyeron ligeramente un 0.7%, llegando a $195.4 millones. El margen neto de inter茅s mejor贸 a 3.86% desde 3.17% interanual.
La compa帽铆a mantiene una fuerte calidad de activos con una relaci贸n de activos no productivos a capital Tier 1 del 0.61% y planea abrir una segunda sucursal en el estado de Washington, en Richland, durante el tercer trimestre de 2025.
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Coeur d'Alene Bancorp (OTC Pink:CDAB) a annonc茅 un b茅n茅fice net au deuxi猫me trimestre 2025 de 372 894 $ (0,20 $ par action), compar茅 脿 383 459 $ (0,20 $ par action) au deuxi猫me trimestre 2024. Pour le premier semestre 2025, le b茅n茅fice net s'茅l猫ve 脿 622 653 $ (0,33 $ par action), en baisse par rapport 脿 768 893 $ (0,41 $ par action) au premier semestre 2024.
Les actifs totaux de la banque ont atteint 227,0 millions de dollars, en baisse de 5,3 % d'une ann茅e sur l'autre. Les pr锚ts bruts ont augment茅 de 14,1 % pour atteindre 137,6 millions de dollars, tandis que les d茅p么ts ont l茅g猫rement diminu茅 de 0,7 % pour s'茅tablir 脿 195,4 millions de dollars. La marge nette d'int茅r锚t s'est am茅lior茅e, passant de 3,17 % 脿 3,86 % d'une ann茅e sur l'autre.
L'entreprise maintient une qualit茅 d'actifs solide avec un ratio d'actifs non performants par rapport au capital Tier 1 de 0,61 % et pr茅voit d'ouvrir une deuxi猫me agence dans l'脡tat de Washington, 脿 Richland, au troisi猫me trimestre 2025.
Coeur d'Alene Bancorp (OTC Pink:CDAB) meldete f眉r das zweite Quartal 2025 einen Nettogewinn von 372.894 $ (0,20 $ je Aktie), verglichen mit 383.459 $ (0,20 $ je Aktie) im zweiten Quartal 2024. F眉r das erste Halbjahr 2025 betrug der Nettogewinn 622.653 $ (0,33 $ je Aktie), was einen R眉ckgang gegen眉ber 768.893 $ (0,41 $ je Aktie) im ersten Halbjahr 2024 darstellt.
Die Gesamtaktiva der Bank erreichten 227,0 Millionen $, was einem R眉ckgang von 5,3 % gegen眉ber dem Vorjahr entspricht. Die Bruttokredite stiegen um 14,1 % auf 137,6 Millionen $, w盲hrend die Einlagen leicht um 0,7 % auf 195,4 Millionen $ zur眉ckgingen. Die Nettomarge verbesserte sich von 3,17 % auf 3,86 % im Jahresvergleich.
Das Unternehmen h盲lt eine starke Verm枚gensqualit盲t mit einem Verh盲ltnis von notleidenden Verm枚genswerten zu Tier-1-Kapital von 0,61 % und plant, im dritten Quartal 2025 eine zweite Filiale im Bundesstaat Washington in Richland zu er枚ffnen.
- None.
- Net income decreased to $622,653 from $768,893 for six months YoY
- Total assets declined 5.3% year-over-year to $227.0 million
- Efficiency ratio worsened to 76.57% from 75.31% YoY
- Increased overhead costs due to branch expansion affecting profitability
- Return on average equity declined to 5.25% from 7.39% YoY
Coeur d'Alene Bancorp (OTC Pink:CDAB), the parent company of bankcda, is pleased to announce its results for the second quarter 2025.
COEUR D'ALENE, ID / / July 18, 2025 / Coeur d'Alene Bancorp today reported net income of
As of June 30, 2025, total consolidated assets were
"Our balance sheet remains strong with continued loan growth and stable deposits. Our net interest margin continues to improve as deposit pricing pressure eases and cashflow from our bond portfolio allows for higher reinvestment rates. Net income remains below historic levels due to increased overhead as we continue our branch expansion. We will be opening our second branch in Washington state in Richland during the third quarter. Management and the Board believe strategic branch additions, coupled with technology, will allow us to meet our future growth objectives." said Wes Veach, President, and Chief Executive Officer.
Financial Highlights:
Diluted earnings per share were
$0.32 for six months ended 2025 versus$0.40 per share for six months ended 2025.Net book value per share ended the quarter at
$12.86 compared to$11.44 from one year ago.Annualized return on average asset (ROAA) was
0.54% and annualized return on average equity (ROAE) was5.25% for six months ended 2025, compared to0.65% and7.39% for six months ended 2024, respectively.Total assets ended the period at
$227.0 million compared to$239.8 million as of June 30, 2024, a decrease of5.3% .Gross loans were
$137.6 million at quarter end, versus$120.6 million on June 30, 2024.Total deposits were
$195.4 million , compared to$196.8 million as of June 30, 2024, a decrease of0.7% .For the six months ended June 30, 2025, net interest margin was
3.86% , compared to3.17% for six months ended June 30, 2024.Asset quality remains strong with nonperforming assets to Tier 1 capital of
0.61% as of June 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 a loan production office in Spokane Valley.
For more information, visit 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)
Jun 30, 2025 | Jun 30, 2024 | Mar 31, 2025 | ||||||||||
Assets: | ||||||||||||
Cash and due from banks | $ | 11,533,346 | $ | 10,902,275 | $ | 6,523,357 | ||||||
Securities available for sale, at fair value | 68,167,726 | 100,236,264 | 77,684,462 | |||||||||
Net loans | 134,990,764 | 118,419,948 | 134,049,508 | |||||||||
Other assets | 12,356,101 | 10,229,007 | 12,821,221 | |||||||||
Total assets | $ | 227,047,937 | $ | 239,787,495 | $ | 231,078,548 | ||||||
Liabilities and Shareholders' Equity: | ||||||||||||
Total deposits | $ | 195,438,280 | $ | 196,809,232 | $ | 193,995,705 | ||||||
Borrowings | - | 15,500,000 | 6,000,000 | |||||||||
Capital lease liability | 1,418,758 | 371,979 | 1,436,798 | |||||||||
Other liabilities | 5,773,133 | 5,478,268 | 5,784,565 | |||||||||
Shareholders' equity | 24,417,766 | 21,628,016 | 23,861,479 | |||||||||
Total liabilities and shareholders' equity | $ | 227,047,937 | $ | 239,787,495 | $ | 231,078,548 | ||||||
Ratios: | ||||||||||||
Return on average assets | 0.54 | % | 0.65 | % | 0.42 | % | ||||||
Return on average equity | 5.25 | % | 7.39 | % | 4.26 | % | ||||||
Community bank leverage ratio | 11.42 | % | 10.47 | % | 10.74 | % | ||||||
Net interest margin (YTD) | 3.86 | % | 3.17 | % | 3.62 | % | ||||||
Efficiency Ratio (YTD) | 76.57 | % | 75.31 | % | 79.20 | % | ||||||
Nonperforming assets to total assets | 0.07 | % | 0.00 | % | 0.00 | % | ||||||
Nonperforming assets to tier 1 capital | 0.61 | % | 0.00 | % | 0.00 | % | ||||||
Income Statement Overview
(unaudited)
For the three months ended | For the six months ended | |||||||||||||||
Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2025 | Jun 30, 2024 | |||||||||||||
Interest income | $ | 2,888,832 | $ | 2,660,862 | $ | 5,744,976 | $ | 5,305,414 | ||||||||
Interest expense | 667,901 | 845,539 | 1,469,231 | 1,626,484 | ||||||||||||
Net interest income | 2,220,931 | 1,815,324 | 4,275,745 | 3,678,930 | ||||||||||||
Loan loss provision | 106,500 | 2,812 | 213,000 | 2,812 | ||||||||||||
Noninterest income | 240,986 | 238,065 | 457,065 | 452,977 | ||||||||||||
Salaries and employee benefits | 1,048,313 | 875,877 | 2,048,429 | 1,779,658 | ||||||||||||
Occupancy expense | 219,222 | 165,459 | 455,818 | 337,726 | ||||||||||||
Loss on sale, net of gains | - | - | - | 23,005 | ||||||||||||
Other noninterest expense | 557,823 | 510,658 | 1,119,701 | 994,271 | ||||||||||||
Income before income taxes | 530,057 | 498,582 | 895,863 | 994,435 | ||||||||||||
Income tax expense | 157,164 | 115,123 | 273,210 | 225,542 | ||||||||||||
Net income | $ | 372,894 | $ | 383,459 | $ | 622,653 | $ | 768,893 | ||||||||
SOURCE: Coeur d'Alene Bancorp
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FAQ
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