Coeur d'Alene Bancorp reports first-quarter growth

Coeur d’Alene Bancorp, the parent company of bankcda, announced its quarterly results for the first quarter 2016.

The reported quarterly earnings are $55,069 or $.04 per share for the three months ended March 31, 2016, compared to a net loss of ($51,014) or ($.04) per share for three months ended for the first quarter 2015.

Tangible book value per share increased to $7.65 compared to $7.52 one year ago.

Total assets ended the quarter at $102.2 million compared to $97 million one year ago a 5.4 percent increase.

Gross loans grew 29.82 percent to $68.7 million as compared to $54.9 million prior year. Gross loans increased $3.3 million or 5.01 percent during first quarter 2016.

Total deposits ended the quarter $89.4 million compared to $84.2 million one year ago a 6.19 percent increase.

All capital ratios continue to exceed regulatory minimums.

“We are pleased with our performance and our continued growth and are confident that our hard work and community support will allow us to continue to grow our balance sheet and improve our earnings going forward. We continue to work hard to serve the people and small businesses in the communities in which we operate and are excited to be recognized as one of the best banks in North Idaho by the North Idaho Business Journal,” said Wes Veach, the bank’s president and CEO. “During the first quarter we were upgraded back to FIVE Star status by Bauer Financial which is their highest rating.”

Coeur d’Alene Bancorp, parent company of bankcda, is headquartered in Coeur d’Alene with branches in Coeur d’Alene, Hayden and Kellogg.