Coeur d'Alene Bancorp (OTC PINK:CDAB), the parent company of bankcda, is pleased to announce its results for the second quarter 2026 COEUR D'ALENE, ID / ACCESS Newswire / July 9, 2026 / Coeur d'Alene Bancorp, today reported net income of $452,337 or $0.24 per share for the second quarter 2026, compared to $372,894 or $0.20 per share for the second quarter 2025. Net income of $841,472 or $0.44 per share for the six months ended June 30, 2026, was also reported, compared to $622,653 or $0.33 per share for the six months ended 2025. All results are unaudited."We are pleased with the results for the first half of the year with growth in both loans and deposits leading to improved profitability. We are gaining traction in our new markets, but our growth continues to primarily be in North Idaho, which has the strongest economic conditions of the three markets we have a presence in. Net Income continues to improve, returning to historic levels after a dip last year related to expansion into new markets. Our net interest margin continues to expand with higher loan balances and continual cashflow from the investment portfolio allowing higher reinvestment rates. A strong deposit base has allowed us to lower offering rates while also growing our deposit base," said Wes Veach, President and Chief Executive Officer.Financial Highlights:Diluted earnings per share were $0.43 for six months ended 2026, versus $0.32 per share for six months ended 2025.Net book value per share ended the quarter at $13.86 compared to $12.86 one year ago.Annualized return on average assets (ROAA) was 0.72% and annualized return on average equity (ROAE) was 6.42% for six months ended 2026, compared to 0.54% and 5.25% for six months ended 2025, respectively.Total assets ended the period at $238.6 million compared to $227.0 million as of June 30, 2025, an increase of 5.1%.Gross loans were $145.7 million at quarter end, versus $137.6 million on June 30, 2025, an increase of $8.1 million or 5.9%.Total deposits were $210.1 million, compared to $195.4 million as of June 30, 2025, an increase of $14.7 million or 7.5%.For the six months ended June 30, 2026, the net interest margin was 4.28%, compared to 3.86% for the six months ended June 30, 2025.Nonperforming assets to Tier 1 capital ended the quarter at 12.47%.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 StatementsThis 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, 2026Jun 30, 2025Mar 31, 2026Assets:Cash and due from banks$9,967,136$11,533,346$10,665,912Securities available for sale, at fair value73,306,30268,167,72674,797,601Net loans142,655,033134,990,764134,262,138Other assets12,663,74412,356,10112,818,578Total assets$238,592,215$227,047,937$232,544,229 Liabilities and Shareholders' Equity:Total deposits$210,115,216$195,438,280$199,614,023Borrowings---Capital lease liability1,319,1541,418,7581,344,615Other liabilities827,1745,773,1335,663,663Shareholders' equity26,330,67124,417,76625,921,928Total liabilities and shareholders' equity$238,592,215$227,047,937$232,544,229 Ratios:Return on average assets0.72%0.54%0.67%Return on average equity6.42%5.25%5.94%Community bank leverage ratio11.52%11.42%11.54%Net interest margin (YTD)4.28%3.86%4.20%Efficiency Ratio (YTD)81.31%76.57%84.15%Nonperforming assets to total assets1.43%0.07%1.47%Nonperforming assets to tier 1 capital12.47%0.61%12.68% Income Statement Overview(unaudited) For the three months endedFor the six months ended Jun 30, 2026Jun 30, 2025Jun 30, 2026Jun 30, 2025Interest income$2,975,290$2,888,832$5,839,046$5,744,976Interest expense522,929667,9011,070,9421,469,231Net interest income2,452,3612,220,9314,768,1034,275,745Loan loss provision-106,500-213,000Noninterest income256,088240,986478,724457,065Salaries and employee benefits1,225,8061,048,3132,438,6692,048,429Occupancy expense230,604219,222468,102455,818Loss on sale, net of gains----Other noninterest expense673,729557,8231,359,5281,119,701Income before income taxes578,310530,057980,528895,863Income tax expense125,973157,164139,056273,210Net income$452,337$372,894$841,472$622,653 SOURCE: Coeur d'Alene BancorpView the original press release on ACCESS Newswire
Coeur d’Alene Bancorp Announces Its Second Quarter 2026 Results
Coeur d'Alene Bancorp (OTC PINK:CDAB), the parent company of bankcda, is pleased to announce its results for the second quarter 2026 COEUR D'ALENE, ID / ACCESS Newswire / July 9, 2026 / Coeur d'Alene Bancorp, today reported net income of $452,337 or $0.24 per share for the second quarter 2026, compared to $372,894 or $0.20 per share for the second quarter 2025. Net income of $841,472 or $0.44 per share for the six months ended June 30, 2026, was also reported, compared to $622,653 or $0.33 per share for the six months ended 2025. All results are unaudited."We are pleased with the results for the first half of the year with growth in both loans and deposits leading to improved profitability. We are gaining traction in our new markets, but our growth continues to primarily be in North Idaho, which has the strongest economic conditions of the three markets we have a presence in. Net Income continues to improve, returning to historic levels after a dip last year related to expansion into new markets. Our net interest margin continues to expand with higher loan balances and continual cashflow from the investment portfolio allowing higher reinvestment rates. A strong deposit base has allowed us to lower offering rates while also growing our deposit base," said Wes Veach, President and Chief Executive Officer.Financial Highlights:Diluted earnings per share were $0.43 for six months ended 2026, versus $0.32 per share for six months ended 2025.Net book value per share ended the quarter at $13.86 compared to $12.86 one year ago.Annualized return on average assets (ROAA) was 0.72% and annualized return on average equity (ROAE) was 6.42% for six months ended 2026, compared to 0.54% and 5.25% for six months ended 2025, respectively.Total assets ended the period at $238.6 million compared to $227.0 million as of June 30, 2025, an increase of 5.1%.Gross loans were $145.7 million at quarter end, versus $137.6 million on June 30, 2025, an increase of $8.1 million or 5.9%.Total deposits were $210.1 million, compared to $195.4 million as of June 30, 2025, an increase of $14.7 million or 7.5%.For the six months ended June 30, 2026, the net interest margin was 4.28%, compared to 3.86% for the six months ended June 30, 2025.Nonperforming assets to Tier 1 capital ended the quarter at 12.47%.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 StatementsThis 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, 2026Jun 30, 2025Mar 31, 2026Assets:Cash and due from banks$9,967,136$11,533,346$10,665,912Securities available for sale, at fair value73,306,30268,167,72674,797,601Net loans142,655,033134,990,764134,262,138Other assets12,663,74412,356,10112,818,578Total assets$238,592,215$227,047,937$232,544,229 Liabilities and Shareholders' Equity:Total deposits$210,115,216$195,438,280$199,614,023Borrowings---Capital lease liability1,319,1541,418,7581,344,615Other liabilities827,1745,773,1335,663,663Shareholders' equity26,330,67124,417,76625,921,928Total liabilities and shareholders' equity$238,592,215$227,047,937$232,544,229 Ratios:Return on average assets0.72%0.54%0.67%Return on average equity6.42%5.25%5.94%Community bank leverage ratio11.52%11.42%11.54%Net interest margin (YTD)4.28%3.86%4.20%Efficiency Ratio (YTD)81.31%76.57%84.15%Nonperforming assets to total assets1.43%0.07%1.47%Nonperforming assets to tier 1 capital12.47%0.61%12.68% Income Statement Overview(unaudited) For the three months endedFor the six months ended Jun 30, 2026Jun 30, 2025Jun 30, 2026Jun 30, 2025Interest income$2,975,290$2,888,832$5,839,046$5,744,976Interest expense522,929667,9011,070,9421,469,231Net interest income2,452,3612,220,9314,768,1034,275,745Loan loss provision-106,500-213,000Noninterest income256,088240,986478,724457,065Salaries and employee benefits1,225,8061,048,3132,438,6692,048,429Occupancy expense230,604219,222468,102455,818Loss on sale, net of gains----Other noninterest expense673,729557,8231,359,5281,119,701Income before income taxes578,310530,057980,528895,863Income tax expense125,973157,164139,056273,210Net income$452,337$372,894$841,472$622,653 SOURCE: Coeur d'Alene BancorpView the original press release on ACCESS Newswire
