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Preheat the oven to 350°F (175°C). Grease and flour a 9×5-inch loaf pan.
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In a medium bowl, whisk together the flour, baking powder, baking soda, and salt. Set aside.
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In a large bowl, cream the softened butter and granulated sugar until light and fluffy, about 3–5 minutes.
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Add the eggs one at a time, beating well after each addition.
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Stir in the vanilla extract.
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Gradually add the dry ingredients, alternating with the coconut milk, beginning and ending with the dry ingredients. Mix just until combined.
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Gently fold in the shredded coconut.
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Pour the batter into the prepared loaf pan and spread evenly.
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Bake for 50–60 minutes, or until a wooden skewer inserted into the center comes out clean. Tent with foil if browning too quickly.
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Cool the cake in the pan for 10–15 minutes, then transfer to a wire rack to cool completely.
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If using the glaze, whisk together powdered sugar, coconut milk, and vanilla extract until smooth.
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Drizzle the glaze over the cooled cake and sprinkle with additional shredded coconut before slicing and serving.
Coconut Loaf Cake
Notes
This loaf pairs beautifully with fresh fruit or a cup of coffee. For extra coconut flavor, lightly toast the shredded coconut before folding it into the batter.