Coeur d’Alene institution’s Q3 earnings up substantially year over year

Coeur d’Alene Bancorp, the parent company of bankcda, reported its third quarter earnings for 2025 on Oct. 13, stating that deposits grew $8.6 million during the quarter.

The Coeur d’Alene-based financial institution reported net income of $402,111 or 21 centers per share for the third quarter 2025, compared to $253,324 or 13 cents per share for the third quarter 2024. Net income of $1.024 million or 54 cents per share for the nine months ending Sept. 30 was also reported, compared to $1.022 million or 54 cents per share for the nine months ended 2024. The company stated all results are unaudited.

As of Sept. 30, 2025, total consolidated assets were $237.3 million, a decrease of $2.5 million or 1.1% compared to Sept. 30, 2024. Gross loans ended the period at $130.1 million compared to $125.3 million as of Sept. 30, 2024, an increase of $4.8 million or 3.8%. Total deposits were $204 million as of Sept. 30, 2025, compared to $203.4 million as of Sept. 30, 2024, a 0.3% increase.

“We are pleased with our performance for the first nine months with steady deposit growth and loan demand along with improving profitability, net income in Q3 and year to date exceeded same quarter prior year for the nine months ended 2024,” said Wes Veach, president and CEO of Coeur d’Alene Bancorp. “Our net interest margin continues to expand, helping offset increased overhead related to our recent expansion into Washington state. During the quarter we opened our second branch in Washington in Richland, which is our second branch opening in 2025. Deposits grew $8.6 million during the quarter, continuing to improve our already strong liquidity position.”

Coeur d’Alene Bancorp stated its financial highlights were:

• Diluted earnings per share were 53 cents for nine months ending 2025, versus 53 cents per share for nine months ending 2024.
• Net book value per share ended the quarter at $13.44 compared to $12.37 one year ago.
• Annualized return on average asset was 0.59% and annualized return on average equity was 5.67% for nine months ending 2025, compared to 0.57% and 6.37% for nine months ending 2024, respectively.
• Total assets ended the period at $237.3 million compared to $239.8 million as of Sept. 30, 2024, a decrease of 1.1%.
• Gross loans were $130.1 million at quarter end, versus $125.3 million on Sept. 30, 2024.
• Total deposits were $204 million, compared to $203.4 million as of Sept. 30, 2024, an increase of 0.3%.
• For the nine months ending Sept. 30, 2025, net interest margin was 3.99%, compared to 3.20% for the nine months ending Sept. 30, 2024.
• Asset quality remains strong with nonperforming assets to Tier 1 capital of 0.57% as of Sept. 30, 2025.
• Coeur d’Alene Bancorp continues to be FIVE Star-rated from Bauer Financial, which is their highest rating.
• Coeur d’Alene Bancorp continues to far exceed the minimum community bank leverage ratio.

Coeur d’Alene Bancorp has branches in Coeur d’Alene, Hayden, Post Falls, Kellogg, Spokane and Richland.