Coeur d'Alene Bancorp, Inc. announced that it has received $5 million in a round of funding on June 18, 2021. The company issued fixed-to-floating rate subordinated notes in the transaction. The subordinate notes will mature in 2031, and carry a fixed rate of interest of 4.50% per annum for the first five years, payable semi-annually each year. the interest rate applicable to the outstanding principal amount due will reset quarterly to the then current three-month secured overnight financing rate plus 389 basis points for the remaining five years. In the event three month secured overnight financing rate is less than zero it will be deemed to be zero. The company may redeem the notes in whole or in part, on any interest payment date on or after June 17, 2026.