- Coeur d'Alene Bancorp (CDAB, Financial) reported Q1 2025 net income of $249,759 or $0.13 per share, down from $385,434 or $0.20 per share in Q1 2024.
- Total assets decreased 3.7% to $231.1 million, while gross loans increased 12.7% to $136.6 million year-over-year.
- The company launched its first full-service branch in Spokane, fueling expansion despite a drop in net income due to associated costs.
Coeur d'Alene Bancorp (CDAB) has released its financial results for the first quarter of 2025, announcing a net income of $249,759, translating to $0.13 per share. This marks a notable decrease from the net income of $385,434, or $0.20 per share, reported in the first quarter of 2024.
As of March 31, 2025, the company's total assets stood at $231.1 million, reflecting a decline of 3.7% compared to the same period in 2024. However, the bank's gross loans showed significant growth, increasing by 12.7% to reach $136.6 million compared to March 2024.
Certain key financial metrics showed improvement, such as the net interest margin, which rose to 3.62%, up from 3.20% year-over-year. The net book value per share also climbed to $12.58, compared to $11.01 in the previous year. Total deposits experienced a slight decline, down 2.0% to $194.0 million.
The return on average assets (ROAA) was reported at 0.42%, and the return on average equity (ROAE) was 4.26%. Despite the net income dip attributed to greater overhead costs from expansion efforts, including the opening of a new full-service branch in Spokane, the management remains optimistic about the benefits of these strategic initiatives for future growth.
