IDBC Idaho Bancorp. featured news, full reports, and detailed charts
Idaho Bancorp. (IDBC/IDBC.OB) Wrap Up:
Idaho Bancorp operates as the holding company for Idaho Banking Company that provides various financial services to small and midsize businesses and consumers in southwestern Idaho, the United States. The company offers checking, savings, money market, and individual retirement accounts, as well as certificates of deposits. Its loan portfolio comprises consumer, commercial, SBA, construction, and lot loans. The company also provides online banking, credit cards, ATM, online bill pay, and mortgage services. As of December 31, 2007, it operated four branches located in Meridian, Eagle, Fairview, and ParkCenter; and a home loan center. The company was founded in 1996 and is based in Boise, Idah...Idaho Bancorp. (IDBC:OTC Bulletin Board Market)
Snapshot of Idaho Bancorp. (IDBC)
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OPEN
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PREVIOUS CLOSE
$1.70
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
04/3/09 - $8.50
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52 WEEK LOW
08/3/09 - $1.25
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MARKET CAP
2.9M
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AVERAGE VOLUME 3 mo
218.0
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
1.7M
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IDBC Does Not Pay Dividends
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P/E TTM
NM
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IDBC Top Compensated Officers
Executives, Board Directors
Key developments for Idaho Bancorp. (IDBC)
Idaho Bancorp. reported unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss before income taxes of $1.469 million, net loss of $1.469 million or $0.80 per diluted share on net interest income of $1.914 million compared to the net loss before income taxes of $6.155 million, net loss of $5.820 million or $3.16 per diluted share on net interest income of $1.943 million for the same period a year ago. The company reported negative return on average assets of 2.48% and negative return on average equity of 36.21% compared to the return on average assets of 0.28% and return on average equity of 3.78% for the same period a year ago. For nine months, the company reported net loss before income taxes of $7.899 million, net loss of $7.438 million or $4.04 per diluted share on net interest income of $5.977 million compared to the net income before income taxes of $194,000, net income of $159,000 or $0.09 per diluted share on net interest income of $6.486 million for the same period a year ago. The company reported negative return on average assets of 4.19% and negative return on average equity of 49.72% compared to the return on average assets of 0.09% and return on average equity of 1.20% for the same period a year ago. The book value per share was $4.43 and $9.63 as of September 30, 2009 and 2008, respectively.
Idaho Bancorp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company's net interest income was $4,063,000 against $4,236,000 a year ago. Net loss before taxes was $6,430,000 against net loss before taxes of $55,000 a year ago. Net loss was $5,969,000 or $3.24 per diluted share against net loss of $10,000 or $0.01 per diluted share a year ago. The book value per share was $5.03 and $9.56 as of June 30, 2009 and 2008, respectively. Negative Return on average assets was 5.05% against 0.01% a year ago. Negative return on average equity was 54.74% against 0.11% a year ago. For the six months, the company's net interest income was $1,943,000 against $2,122,000 a year ago. Net loss before taxes was $6,155,000 against net loss before taxes of $237,000 a year ago. Net loss was $5,820,000 or $3.16 per diluted share against net loss of $139,000 or $0.08 per diluted share a year ago. Negative Return on average assets was 9.95% against 0.23% a year ago. Negative return on average equity was 106.61% against 3.11% a year ago.
The board of directors of Idaho Bancorp. and Idaho Banking Company have elected V. Dale Babbitt as the new Chairman of both boards effective May 4, 2009. Mr. Babbitt is currently President and CEO of N.L. Terteling Family Interests Inc.; Tereco; and J.A. Terteling and Sons Co. Mr. Babbitt was a founding board member of Idaho Banking Company in 1996 and has served as a director since. Mr. Babbitt will succeed Tom Morgan, who has served as Chairman of the Board since April 2005. Tom Morgan will continue to serve as a board member.
IDBC Competitors
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| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | IDBC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | NM | Not Meaningful |
| Price/Book | -- | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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IDBC transactions
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More Recent News About Idaho Bancorp.
More news for IDBC
Idaho Bancorp Reports Third Quarter Results
BOISE, ID--(Marketwire - 10/30/09) - Today Idaho Bancorp (the "Company") (OTC.BB:IDBC - News) reported that its wholly owned subsidiary, Idaho Banking Company, continues to be "well capitalized" with total risk based capital of 10.87%, based on the 10.00% regulatory standard for such designation. In light of continued economic weakness, the Company increased its allowance for loan losses by $3,952,000 and charged off $4,548,000 in net loan losses, resulting in a reserve of 4.33% of outstanding loans at September 30, 2009 compared to 1.51% and 2.17% as of September 30, 2008 and December 31, 2008, respectively. These actions resulted in a net loss for the Company of $7,438,000 for the nine months ended September 30, 2009 compared to a net income of $159,000 for the nine months ended September 30, 2008. The reported loss represents ($4.04) per share compared to a net income of $0.09 per share for the first nine months of 2008. The book value per share was $4.43 and $9.63 as of September 30, 2009 and 2008, respectively.Highlights� -- The Company's Home Loan Center increased non-interest income by $284,000, or 52%, when comparing the nine-month periods ended September 30, 2009 and 2008, respectively -- The Company's in-market core deposits, excluding certificates of deposit, increased $17,958,000, or 25.9% when comparing balances at September 30, 2009 to balances at September 30, 2008 The Company's nonperforming assets were $19,823,000 and $11,287,000 at September 30, 2009 and De...Click here to read the whole Article (external link)
Idaho Bancorp Reports Mid-Year Results
BOISE, ID--(Marketwire - 07/31/09) - Today Idaho Bancorp (the "Company") (OTC.BB:IDBC - News) reported that its wholly owned subsidiary, Idaho Banking Company, continues to be "well capitalized" with total risk based capital of 11.53%, well above the 10.00% regulatory standard for such designation, notwithstanding a write down of $3,870,000 in loan losses and an increase in allowance for loan losses of $3,030,000 resulting in a net loss for the Company of $5,969,000 for the six months ended June 30, 2009 compared to a net loss of $10,000 for the six months ended June 30, 2008. The reported loss represents ($3.24) per share compared to a net loss of ($0.01) per share for the first six months of 2008. The book value per share was $5.03 and $9.56 as of June 30, 2009 and 2008, respectively. In light of continued economic weakness, the Company increased its allowance for loan losses to 3.86% of outstanding loans at June 30, 2009 compared to 1.46% and 2.17% as of June 30, 2008 and December 31, 2008, respectively. The Company's nonperforming assets were $15,945,000 and $11,287,000 at June 30, 2009 and December 31, 2008, respectively. The Company's loans considered to be more than thirty days past due and still on accrual status were $6,786,000, or 3.46% of outstanding loans, at June 30, 2009 compared to $491,000 at December 31, 2008. There were no loans more than ninety days past due and still accruing interest as of June 30, 2009 or December 31, 2008.The net interest margin for the six-month period ended June 30, 2009 was ...Click here to read the whole Article (external link)
Idaho Bancorp Announces New Chairman
Expired Yahoo - Document Has Expired/iw/090507/0499244.html Options that might be of interest: Go to the Yahoo! home page. Go to the Yahoo! Finance home page. Go to the Yahoo! Loan Center. Go to the Yahoo! Insurance Center. Other resources: Message Boards - Stock Chat - Finance Clubs ...Click here to read the whole Article (external link)
Idaho Bancorp Reports First Quarter Results
Expired Yahoo - Document Has Expired/iw/090415/0491542.html Options that might be of interest: Go to the Yahoo! home page. Go to the Yahoo! Finance home page. Go to the Yahoo! Loan Center. Go to the Yahoo! Insurance Center. Other resources: Message Boards - Stock Chat - Finance Clubs ...Click here to read the whole Article (external link)
Idaho Bancorp Reports Final Annual Results for 2008
BOISE, ID--(MARKET WIRE)--Mar 4, 2009 -- Today Idaho Bancorp (the "Bank") (OTC BB:IDBC.OB - News) reported a net loss for the year ended December 31, 2008 of ($1,981,000) or ($1.08)/share, compared to net income of $1,441,000 or $0.78/diluted share for 2007. Idaho Bancorp continues to be well capitalized with a total risk-based capital ratio of 10.88% at December 31, 2008. Events subsequent to December 31, 2008 and our earlier press release dated January 23, 2009, which showed a net loss of ($232,000) for 2008, had a direct impact on Idaho Bancorp's audited results for 2008. The Bank also received an additional $6,900,000 of capital on January 16, 2009 by issuing preferred stock to the U.S. Treasury in connection with participating in the voluntary Capital Purchase Program under the Troubled Asset Relief Program.The primary difference in reported income between our January 23, 2009 press release results and the audited financial statements is the recognition of an additional $2,864,000 in loan loss provisions and additional associated tax benefits of $1,143,000 on the income statement. The increase in loan loss provisions is primarily attributable to six loans, five of which were previously recognized as being on nonaccrual status as of December 31, 2008. The sixth loan was changed to nonaccrual status in February 2009. Included in the additional recognized provisions was $1,096,000 from appraisals received in February 2009 on real estate associated with two of the loans. The Bank recognized an additional $1,577,000 in provisions for the other four commercial non-real estate loans.Factors contributing to the final results ...Click here to read the whole Article (external link)
Idaho Bancorp Reports Annual Results for 2008 and Receipt of TARP Capital
BOISE, ID--(MARKET WIRE)--Jan 23, 2009 -- Today Idaho Bancorp (OTC BB:IDBC.OB - News) reported a net loss for the year ended December 31, 2008 of ($232,000) or ($0.13)/share, compared to $1,441,000 or $0.78/diluted share for 2007. The largest contributing factors responsible for these results included a decline in the net interest margin between 2008 and 2007, an increased provision for loan losses due to a weakening economy, expenses related to management changes at Idaho Banking Company, and a favorable tax expense variance.Since the Federal Open Market Committee lowered the fed funds rate by 400 basis points during 2008, the Bank's average tax equivalent net interest margin decreased only 41 basis points from the 2007 level to 3.83% for 2008. As a result, a 2008 unfavorable net interest income rate variance of approximately $919,000 was recognized compared to 2007. Average earning assets increased during 2008 by 4.74% or $10,314,000, which led to a favorable net interest income volume variance of approximately $437,000, offsetting the unfavorable rate variance.The Company is focused on improving its tax equivalent net interest margin with the introduction of the Perfectly Free Business Checking product during the third quarter 2008. The Bank has been accepted into the Certificate of Deposit Account Registry Service (CDARS) program and can offer fully insured certificates of deposit up to $50 million under this program. The Bank also introduced the Picture Perfect Treasury Money Market Account in early 2008.Due to the weakening economy, the Company has increased its allowance for loan losses to 1.46% of outstanding lo...Click here to read the whole Article (external link)