Movers and shakers

Cd’A Convention and Visitor Bureau names new director

Mark Robitaille has been selected as the new director of the Coeur d’Alene Convention and Visitor Bureau. Robitaille brings many years of experience in the tourism and hospitality industry and will continue the organization’s mission of striving to bring more visitors to Coeur d’Alene, encourage repeat visits by those who have visited before and to extend the stay of all visitors by promoting and marketing Coeur d’Alene as a world-class destination.

Robitaille will focus on advertising, public relations, membership and the administration of a grant made possible through funds collected by Idaho Department of Commerce and distributed through the Idaho Regional Travel and Convention Grant Program. The grant is funded through 2 percent tax on the sales of hotels, motels and private campground accommodations.

Coeur d’Alene Bancorp announces quarterly results

Coeur d’Alene Bancorp, parent company of bankcda, reported net earnings of $227,909 or $0.17 per share for the six months ending June 30, 2017, compared to net income of $104,779 or $.08 per share for the six months ended June 30, 2016. The results for 2016 included a one-time non-recurring pre-tax expense of $30,000.

“Our local economy continues to improve allowing us to experience steady growth in both loans and deposits reaching all-time highs in assets, loans and deposits. Net income continues to grow as net interest income increases and we control expenses. We strive to be a good corporate citizen by supporting our community not only financially but by volunteering our time as well. We continue to grow our bank in a way that benefits the community and will provide a reasonable return to our shareholders,” said Wes Veach, bankcda president and CEO.

Tangible book value per share increased to $7.86 compared to $7.53 from one year ago. Total assets ended the quarter at $110.6 million compared to $101.8 million from one year ago which represents an 8.84 percent increase.

Gross loans grew 3.0 percent to $71.6 million as compared to $69.5 million from the prior year. Gross loans increased $1.03 million or 1.46 percent during the second quarter of 2017. Total deposits ended the quarter at $99.1 million compared to $88.9 million from one year ago which represents an 11.5 percent increase. Deposits increased $3.9 million during the second quarter which represents 16.38 percent on an annualized basis. All capital ratios continue to exceed regulatory minimums.

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

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