Westamerica bancorporation (WABC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating Activities:
Net income

80,389

71,564

50,025

58,853

58,753

60,646

67,177

81,127

87,888

94,577

125,426

59,835

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization/accretion

20,626

24,402

26,082

19,939

16,402

15,502

18,015

14,074

14,253

15,327

10,429

9,438

Credit loss provision

0

0

1,900

3,200

0

2,800

8,000

11,200

11,200

11,200

10,500

2,700

Net amortization of deferred net loan fees

260

203

46

340

310

279

420

506

434

100

-470

-124

(Increase) decrease in interest income receivable

2,963

2,277

2,068

1,316

780

469

-1,249

-2,396

172

-1,094

1,900

-3,480

Increase in income taxes payable

1,733

-7,554

6,650

-40

265

478

-1,677

-1,439

2,074

-565

2,316

141

Tax benefit increase upon exercise and expiration of stock options

-

-

-

394

782

751

-

-

-

-

-

-

Tax benefit (increase) decrease upon exercise and expiration of stock options

-

-

-

-

-1,284

-447

298

119

-248

1,004

2,188

1,130

Decrease in deferred tax asset

-3,662

943

-27,018

-4,380

-830

-1,417

1,618

6,952

-2,094

12,335

-17,176

7,819

Increase in other assets

14,806

4,017

1,732

3,321

1,046

2,172

-5,814

-142

-2,773

-23,404

-12,704

9,814

Stock option compensation expense

1,744

1,988

1,824

1,494

1,272

1,318

1,397

1,450

1,425

1,380

1,132

1,193

Increase in interest expense payable

-9

-27

-31

-52

-86

-111

-274

-334

-1,338

17

-439

-3,527

Increase (decrease) in other liabilities

-5,298

-580

-3,016

2,026

-5,754

4,474

-12,510

17,147

431

-16,767

21,830

-18,677

Life insurance gains

433

585

0

-

-

-

-

-

-

-

-

-

Securities gains

217

-52

7,955

-

-

-

-

-

-

-

-

-

Net writedown of premises and equipment

-

-

-

-

-109

-76

-17

-117

398

434

-40

-

Gain on acquisition

-

-

-

-

-

-

-

-

-

178

48,844

-

Gain on sale of other assets

0

0

1,004

-

0

400

548

1,056

1,200

211

-

-

(Gain) loss on disposal of premises and equipment

0

216

-60

-

-

-

-

-

-

-

-

-

Net (gain) loss on sale of or write-down of foreclosed assets

0

83

-147

-422

-

-

-

-1,287

-

-

-

62,653

Gain on sale of securities

-

-

-

-

0

-

-

-

-

-

-

-

Gain on sale of Visa common stock

-

-

-

-

-

-

-

-

-

-

-

5,698

Net (gain) loss on sales/write-down of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-12

Originations of mortgage loans for resale

-

-

-

-

-

-

501

675

595

332

68

1,269

Proceeds from sale of mortgage loans originated for resale

-

-

-

-

-

-

509

707

616

344

70

1,283

Net gain on sale of foreclosed assets

-

-

-

-

-

665

-387

-

-

-

-

-

Writedown of foreclosed assets

-

-

-

30

247

-

-

660

1,528

-447

375

195

Net Cash Provided by Operating Activities

80,702

96,629

80,754

77,637

70,404

82,311

85,315

119,464

120,393

114,970

149,029

93,120

Investing Activities:
Net repayments of loans

-79,396

-80,985

-66,065

-183,506

-164,093

-126,414

-274,774

-385,042

-341,515

-299,432

-447,277

-106,279

Net payments under FDIC(1) indemnification agreements

0

0

63

-127

0

6,703

7,069

28,423

7,658

41,048

43,176

-

Proceeds from life insurance policies

1,273

1,169

0

-

-

-

-

-

-

-

-

-

Purchases of debt securities available for sale

970,542

854,555

635,814

1,080,959

946,794

1,126,203

418,745

384,363

290,610

482,356

22,992

6,430

Net cash acquired from acquisition

-

-

-

-

-

-

-

-

-

57,895

44,397

-

Proceeds from sale/maturity/calls of debt securities available for sale

631,016

353,327

319,324

737,625

967,118

604,475

144,886

203,036

331,933

201,442

105,097

197,594

Purchases of debt securities held to maturity

-

-

-

246,956

437,935

67,725

196,536

484,002

428,511

-

522

-

Proceeds from maturity/calls of debt securities held to maturity

238,450

167,029

178,429

204,054

153,014

153,405

217,652

232,226

95,898

146,206

225,913

95,962

Proceeds from sale of equity securities

1,797

0

0

-

-

-

-

-

-

-

-

-

Purchases of premises and equipment

3,994

3,123

2,720

1,818

4,474

3,791

1,693

4,834

3,309

1,448

14,179

1,905

Proceeds from sale of FRB(2) stock

-

-

-

-

-

3,248

3,166

2,088

1,829

3,948

1,502

11,887

Proceeds from sale of premises and equipment

0

446

0

-

-

-

-

-

640

603

79

-

Net change in FHLB securities

-

-

-

-

-940

-

-

-

14,069

-

-

-

Purchases of FRB/FHLB* securities

-

-

-

-

-

-

-

-

-

-

-

147

Proceeds from sale of foreclosed assets

307

1,159

1,521

7,412

1,774

8,212

20,349

28,081

24,671

31,745

11,082

311

Proceeds from sale of Visa common stock

-

-

-

-

-

-

-

-

-

-

-

5,698

Net Cash (Used in) Provided by Investing Activities

-22,297

-253,563

-73,258

-197,263

-102,264

-295,262

50,922

5,697

67,645

298,515

840,830

409,249

Financing Activities:
Net change in deposits

-54,218

39,226

122,872

164,082

191,476

185,508

-68,357

-16,835

118,131

-176,887

-261,968

-169,736

Net change in short-term borrowings

-20,319

-7,224

-607

6,050

-56,756

26,741

3,981

-62,001

-16,868

-205,819

-471,574

-341,324

Repayments of debt financing

-

-

-

-

-

-

15,000

-

10,000

-

-

-

Repayments of term repurchase agreement

-

-

-

-

-

10,000

-

-

-

-

-

-

Repayments of notes payable

-

-

-

-

-

-

-

-

-

-

-

10,000

Proceeds from issuance of preferred stock and warrants

-

-

-

-

-

-

-

-

-

-

83,726

-

Redemption of preferred stock

-

-

-

-

-

-

-

-

-

-

83,726

-

Preferred stock dividends

-

-

-

-

-

-

-

-

-

-

2,756

-

Exercise of stock options/issuance of shares

13,699

13,373

24,583

24,031

4,848

12,396

21,499

7,635

14,374

16,688

9,610

22,830

Tax benefit increase upon exercise and expiration of stock options

-

-

-

394

-1,284

-447

298

119

-248

1,004

2,188

1,130

Retirement of common stock

488

524

314

5,424

14,735

52,157

57,320

51,499

60,505

28,719

2,046

35,914

Common stock dividends paid

43,942

42,635

41,299

39,924

39,124

39,761

40,096

41,005

41,670

42,094

41,061

40,236

Net Cash Used in Financing Activities

-105,268

2,216

105,235

148,853

84,068

121,759

-155,591

-163,824

3,214

-435,827

-767,607

-573,250

Net Change In Cash and Due from Banks

-46,863

-154,718

112,731

29,227

52,208

-91,192

-19,354

-38,663

191,252

-22,342

222,252

-70,881

Supplemental disclosure of noncash activities:
Right-of-use assets acquired in exchange for operating lease liabilities

23,587

0

0

-

-

-

-

-

-

-

-

-

Amount recognized upon initial adoption of ASU 2016-02 included above

15,325

0

0

-

-

-

-

-

-

-

-

-

Loan collateral transferred to other real estate owned

-

-

-

821

4,911

968

8,643

11,619

39,453

30,770

38,185

3,432

Securities purchases pending settlement

-

-

-

-

2,885

2,892

3,769

-

-

-

-

-

Supplemental disclosure of cash flow activities:
Cash paid for amounts included in operating lease liabilities

5,123

0

0

356

357

521

-

-

-

-

-

-

Interest paid for the period

1,898

1,932

1,931

2,202

2,533

3,822

5,452

6,814

11,271

15,414

27,558

36,770

(Decrease) increase in unrealized gains on securities available for sale, net of tax

-

-

-

-

-

-

-

-

-

-

-

5,524

Income tax payments for the period

24,491

13,627

17,351

19,264

17,666

16,412

22,562

34,111

28,826

50,388

36,852

24,056