Q4 2019 Press Release

Coeur d’Alene Bancorp, today reported record earnings of $1,404,144 or $0.83 per share for full year 2019, compared to $1,301,133 or $0.98 per share for year ended 2018. Income for fourth quarter 2019 totaled $355,323 compared to $388,064 fourth quarter 2018.

“We generated record profits for the year with pre-tax income increasing 24.06% and net income increasing 7.92% over 2018. Balance sheet strategies and a strong core deposit base allowed for minimal margin compression following three interest rate cuts. We continue to focus on managing non-interest expense with an increase of 2.50% over 2018”, said Wes Veach, President and Chief Executive Officer.

“We were able to continue building on the momentum gained in the third quarter with asset growth of $2.9 million, deposit growth of $2.6 million and loan growth of $942 thousand during the quarter.”

“During the fourth quarter we signed an agreement to convert our third-party core processing services to Computer Services Inc. (CSI) although this decision will benefit the bank in the coming years with greater efficiency and better technology offering, it will impact 2020. We anticipate the conversion to increase information technology costs in the coming year, as well as, demand time of key bank employees for a successful transition. Many of the cost incurred in 2020 will be recouped in later years.”


  • Diluted earnings per share $0.82 for twelve months ended 2019 versus $0.97 per share for twelve ended 2018.
  • Return on average asset (ROAA) was 1.07% and return on average equity (ROAE) was 9.02% for twelve months ended 2019 compared 1.06% and 12.01% respectively for twelve months ended 2018.
  • Net book value per share increased to $9.52, compared to $8.80 from one year ago.
  • Total assets ended the year $140.7 million, compared to $126.3 million as of December 31, 2018 an increase of 11.37%, and $137.8 at September 30, 2019
  • Total deposits ended the year at $120.8 million, compared to $114.1 million in 2018, a 5.69% increase. Non-Interest bearing deposits comprise 27% of total deposits
  • Gross loan were $75.9 million at year end, versus $73.2 million at December 31, 2018, and $74.9 million at September 30, 2019
  • Addition of two in-market commercial lenders in Q4
  • Continue to be FIVE Star-rated from Bauer Financial, which is their highest rating.
  • All capital ratios continue to exceed regulatory minimums.

All capital ratios continue to exceed regulatory minimums. Coeur d’Alene Bancorp, parent company of bankcda, is headquartered in Coeur d’Alene, Idaho with branches in Coeur d’Alene, Hayden, Post Falls and Kellogg.

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