Coeur d'Alene Bancorp (OTC PINK:CDAB), the parent company of bankcda, is pleased to announce its results for the third quarter 2026.
COEUR D'ALENE, ID / ACCESS Newswire / October 20, 2026 / Coeur d'Alene Bancorp, today reported net income of $613,020 or $0.32 per share for the third quarter 2026, compared to $402,111 or $0.21 per share for the third quarter 2025. Net income of $1,454,491 or $0.77 per share for the nine months ended September 30, 2026, was also reported, compared to $1,024,764 or $0.54 per share for the nine months ended 2025. All results are unaudited.
"We are pleased with our results for the first nine months, with continued improvement in our profitability and growth of both loans and deposits. Although the interest rate environment continues to be challenging, we have been able to improve our net interest margin due to our strong core deposit base. We anticipate breaking ground on a permanent full service branch in Richland, WA in the coming months, with an anticipated grand opening in late third quarter 2027," said Wes Veach, President and Chief Executive Officer.
Financial Highlights:
- Diluted earnings per share were $0.75 for nine months ended 2026, versus $0.53 per share for nine months ended 2025.
- Net book value per share ended the quarter at $13.57 compared to $13.44 one year ago.
- Annualized return on average assets (ROAA) was 0.82% and annualized return on average equity (ROAE) was 7.40% for nine months ended 2026, compared to 0.59% and 5.67% for nine months ended 2025, respectively.
- Total assets ended the period at $242.2 million compared to $237.3 million as of September 30, 2025, an increase of 2.1%.
- Gross loans were $146.7 million at quarter end, versus $130.1 million on September 30, 2025, an increase of $16.6 million or 12.8%.
- Total deposits were $214.4 million, compared to $204.0 million as of September 30, 2025, an increase of $10.4 million or 5.1%.
- For the nine months ended September 30, 2026, the net interest margin was 4.42%, compared to 3.99% for the nine months ended September 30, 2025.
- Nonperforming assets to Tier 1 capital ended the quarter at 12.17%.
- 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, 2026 | Sep 30, 2025 | Jun 30, 2026 | |||||||||||
Assets: | |||||||||||||
Cash and due from banks | $ | 11,356,186 | $ | 20,927,902 | $ | 9,967,136 | |||||||
Securities available for sale, at fair value | 74,504,190 | 76,538,591 | 73,306,302 | ||||||||||
Net loans | 143,653,786 | 127,414,594 | 142,655,033 | ||||||||||
Other assets | 12,675,907 | 12,402,510 | 12,663,744 | ||||||||||
Total assets | $ | 242,190,069 | $ | 237,283,598 | $ | 238,592,215 | |||||||
Liabilities and Shareholders' Equity: | |||||||||||||
Total deposits | $ | 214,381,596 | $ | 203,988,773 | $ | 210,115,216 | |||||||
Borrowings | - | - | - | ||||||||||
Capital lease liability | 1,293,313 | 1,394,225 | 1,319,154 | ||||||||||
Other liabilities | 671,559 | 6,378,002 | 827,174 | ||||||||||
Shareholders' equity | 25,843,601 | 25,522,598 | 26,330,671 | ||||||||||
Total liabilities and shareholders' equity | $ | 242,190,069 | $ | 237,283,598 | $ | 238,592,215 | |||||||
Ratios: | |||||||||||||
Return on average assets | 0.82 | % | 0.59 | % | 0.72 | % | |||||||
Return on average equity | 7.40 | % | 5.67 | % | 6.42 | % | |||||||
Community bank leverage ratio | 11.64 | % | 11.28 | % | 11.52 | % | |||||||
Net interest margin (YTD) | 4.42 | % | 3.99 | % | 4.28 | % | |||||||
Efficiency Ratio (YTD) | 78.29 | % | 76.59 | % | 81.31 | % | |||||||
Nonperforming assets to total assets | 1.41 | % | 0.06 | % | 1.43 | % | |||||||
Nonperforming assets to tier 1 capital | 12.17 | % | 0.57 | % | 12.47 | % | |||||||
Income Statement Overview
(unaudited)
| For the three months ended | For the six months ended | |||||||||||||||
| Sep 30, 2026 | Sep 30, 2025 | Sep 30, 2026 | Sep 30, 2025 | |||||||||||||
Interest income | $ | 3,179,183 | $ | 3,050,608 | $ | 9,018,228 | $ | 8,795,583 | ||||||||
Interest expense | 488,627 | 692,527 | 1,559,569 | 2,161,758 | ||||||||||||
Net interest income | 2,690,556 | 2,358,081 | 7,458,659 | 6,633,826 | ||||||||||||
Loan loss provision | - | 106,500 | - | 319,500 | ||||||||||||
Noninterest income | 258,213 | 250,760 | 736,937 | 707,825 | ||||||||||||
Salaries and employee benefits | 1,224,596 | 1,090,904 | 3,663,265 | 3,139,333 | ||||||||||||
Occupancy expense | 245,679 | 258,966 | 713,781 | 714,784 | ||||||||||||
Loss on sale, net of gains | 3,798 | - | 3,798 | - | ||||||||||||
Other noninterest expense | 679,607 | 649,263 | 2,039,135 | 1,768,964 | ||||||||||||
Income before income taxes | 795,090 | 503,208 | 1,775,617 | 1,399,071 | ||||||||||||
Income tax expense | 182,070 | 101,097 | 321,126 | 374,307 | ||||||||||||
Net income | $ | 613,020 | $ | 402,111 | $ | 1,454,491 | $ | 1,024,764 | ||||||||
SOURCE: Coeur d'Alene Bancorp
View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/banking-and-financial-services/coeur-dalene-bancorp-announces-its-third-quarter-2026-results-1239012
