Movers and Shakers

Bancorp announces first quarter results

Coeur d’Alene Bancorp, the parent company of bankcda, is pleased to announce its results for the first quarter of 2019.

Coeur d’Alene Bancorp reported net earnings of $332,380 or 25 cents per share for the first quarter of 2019, compared to net income of $204,057 or 15 cents per share for the first quarter of 2018. Of that net income, $96,000 is related to two non-recurring events.

Net book value per share increased to $9.05, compared to $8.15 from one year ago.

Total assets ended the quarter at $127.9 million compared to $124.9 million from one year ago, which represents a 2.4 percent increase. Total assets increased $1.6 million from the prior quarter.

Gross loans were flat, year over year, at $72.6 million. Loan balances declined $598,000 during the first quarter as anticipated, based on winter weather conditions and scheduled payoffs.

Total deposits ended the quarter at $114.0 million compared to $113.8 million from one year ago, which represents a 0.20 percent increase. During the first quarter, deposits grew $87.2 thousand.

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

For more information, visit www.bankcda.com or contact Wes Veach at 208-415-5006.

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