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Coeur d’Alene Bancorp announces first quarter earnings

Coeur d’Alene Bancorp, the parent company of bankcda, reported quarterly net earnings of $204,056.88 or $0.15 per share for the three months ended March 31, 2018, compared to net income of $90,592 or $.07 per share for three months ended for the first quarter 2017.

Tangible book value per share increased to $8.15 compared to $7.72 from one year ago.

Total assets ended the quarter at $124.9 million compared to $106.4 million from one year ago which represents a 17.38 percent increase. Total assets increased $7.3 million from the prior quarter.

Gross loans grew 2.97 percent to $72.7 million as compared to $70.6 million from the prior year. Loans grew $230,000 during the first quarter.

Total deposits ended the quarter at $113.8 million compared to $95.2 million from one year ago which represents a 19.53 percent increase. During the first quarter, deposits grew $7.43 million or 7.14 percent.

All capital ratios continue to exceed regulatory minimums.

“Our balance sheet continues to grow at a steady pace. We continue to maintain a strong liquidity position which will benefit us as economy grows and rates continue to increase. We were once again be recognized as one of the Best Banks in North Idaho for the third year in a row by the North Idaho Business Journal,” said Wes Veach, President/CEO. “We continue to be five-star rated from Bauer Financial, which is their highest rating.” Bauer Financial is an independent rating agency for financial institutions.

“From time to time, we get inquiries from shareholders and other interested parties about trading in our stock. Our stock is not actively traded and no broker currently makes a market in, or quotes our stock. In order to facilitate trading in our stock, we keep a list of interested buyers and sellers,” said a news release. “If you wish to be added to the list please contact Teresa Guy at the company.”

As of March 31, 2018, Coeur d’Alene Bancorp’s book value per share was $8.15. he last trade known to the company was for $7.39. bankcda acts as the transfer agent for the Ccompany’s stock.

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

Community 1st Bank announces stock dividend

Community 1st Bank bank’s board of directors has declared a 5 percent percent stock dividend on the bank’s outstanding common stock. The stock dividend will be payable on May 25, 2018, to shareholders of record as of the close of business on May 3, 2018.

In lieu of issuing fractional shares of stock in connection with the stock dividend, cash (equivalent to the value of the common stock determined in good faith by the board in such manner as it deems appropriate) shall be paid to shareholders of record.

Community 1st Bank is an Idaho state-chartered commercial bank headquartered in Post Falls, Idaho. At March 31, 2018, the bank had total assets of $129.3 million and shareholders’ equity of $13.2 million.

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If you have a new, relocated or expanded business, or announcement of events, promotions or awards, The Press wants to let our readers know. Items run Tuesday through Saturday. Email City Editor Maureen Dolan at mdolan@cdapress.com.

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