WESTAMERICA BANCORPORATION WABC Cash Flow

Westamerica bancorporation (WABC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating Activities:
Net income
16,962	20,728	20,390	19,625	19,646	19,055	16,993	18,010	17,506	4,160	15,017	15,799	15,049	14,453	15,628	14,546	14,226	14,578	14,857	14,761	14,557	15,028	15,154	15,157	15,307	16,056	16,738	17,112	17,271	19,136	20,022	20,964	21,005	21,805	22,432	21,269	22,382	23,731	23,709	23,561	23,576
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization/accretion
6,304	5,448	5,326	5,043	4,809	5,438	6,370	10,951	1,643	7,275	6,739	6,314	5,754	5,728	5,593	4,553	4,065	4,023	4,422	4,027	3,930	3,227	5,065	3,107	4,103	4,690	4,293	4,710	4,322	3,500	3,537	3,538	3,499	3,793	3,517	3,508	3,435	3,968	3,770	4,178	3,411
Credit loss provision
-4,300	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	600	1,000	1,000	1,600	1,800	1,800	2,800	2,800	2,800	2,800	2,800	2,800	2,800	2,800	2,800	2,800	2,800	2,800	2,800
Net amortization of deferred net loan fees
18	45	0	0	215	22	69	72	40	80	-13	5	-26	59	124	103	54	47	114	71	78	100	45	104	30	87	131	122	80	104	99	177	126	139	105	83	107	112	16	42	-70
(Increase) decrease in interest income receivable
201	3,286	-996	2,560	-1,887	2,100	-1,198	2,394	-1,019	2,781	-1,128	2,159	-1,744	1,791	-304	1,208	-1,379	1,537	-703	758	-812	2,006	-1,432	538	-643	171	-1,332	-287	199	-1,213	-179	-271	-733	246	-235	-452	613	-352	-85	-399	-258
Increase in income taxes payable
-4,572	-1,653	-3,163	8,124	-1,575	206	-5,204	-6,858	4,302	4,189	2,370	-2,805	2,896	-443	1,872	-4,893	3,424	522	383	-5,335	4,695	1,638	-1,094	-5,298	5,232	-2,533	826	-5,452	5,482	-1,939	1,686	-8,572	7,386	1,269	593	-8,026	8,238	-3,095	-369	-9,694	12,593
Tax benefit increase upon exercise and expiration of stock options
-	-	-	-	-	-	-	-	-	-	0	0	126	268	0	0	126	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit (increase) decrease upon exercise and expiration of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12	30	181	-69	-9	-2,071	865	-894	51	27	369	500	-1	-10	-191	128	-11	-2	4	-254	-22	1	27	87	121	537	259
Decrease in deferred tax asset
-879	2,724	-1,484	-1,727	-3,175	-402	1,141	184	20	-26,123	-633	1,179	-1,441	-1,122	-1,192	-1,951	-115	138	-1,134	-255	421	-1,436	-2,605	1,868	756	-2,101	1,075	1,971	673	-418	1,095	6,458	-183	-729	-1,936	790	-219	-	-	-	-
Increase in other assets
3,625	12,733	-17,940	18,061	1,952	2,121	1,550	2,819	-2,473	-356	3,243	-260	-895	2,694	-3,584	-1,265	5,476	1,153	-1,171	242	822	3,562	36	-1,611	185	1,530	830	-8,837	663	-297	-3,231	-1,269	4,655	-1,829	741	-4,244	2,559	-11,653	-11,348	-9,058	8,655
Stock option compensation expense
525	260	402	541	541	413	525	525	525	456	456	456	456	352	390	362	390	285	315	318	354	309	309	341	359	316	351	351	379	270	375	370	435	345	360	360	360	320	340	360	360
Increase in interest expense payable
10	-28	-25	36	8	-32	-45	35	15	-23	-41	25	8	-33	-65	21	25	-30	-81	4	21	-9	-101	-6	5	-324	41	-243	252	-237	32	-278	149	-142	-868	-108	-220	45	-27	65	-66
Increase (decrease) in other liabilities
24,743	6,935	-24,556	18,336	-6,013	-4,373	3,656	1,121	-984	-1,874	1,411	311	-2,864	1,883	-1,706	1,853	-4	-3,183	368	3,219	-6,158	8,315	-10,988	-1,360	8,507	-11,526	4,498	1,244	-6,726	4,451	10,536	389	1,771	982	-5,132	5,650	-1,069	-1,989	-912	-14,974	1,108
Securities gains
0	-	-	-	24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity securities (gains) losses
-	-	-	-	-	-	-16	-14	-36	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net writedown of premises and equipment
-	-	-	-	-	-	0	-2	-1	-	0	-10	-50	-	-14	-2	-5	-85	-13	-7	-4	-54	-5	-1	-16	-1	-7	-3	-6	-	-	-	-	0	271	132	-5	-11	-2	-16	463
Gain on sale of other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	400	0	0	274	274	400	400	106	150	400	0	400	400	-	-	-	-
Originations of mortgage loans for resale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60	201	150	90	-	-	-	-	145	360	0	90	-	-	-	-
Proceeds from sale of mortgage loans originated for resale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	62	206	149	92	-	-	-	-	145	378	0	93	-	-	-	-
Net gain on sale of foreclosed assets
-	-	-	-	-	-	-	-	-	-	0	17	55	-	165	959	58	-	73	0	0	-349	204	317	493	-1,279	336	375	181	-	504	262	1,779	-	87	87	106	-	83	830	-352
Writedown of foreclosed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-729	1	632	126	-68	72	0	243	-	5	39	69	-	690	470	592	-2,373	1,108	213	1,712	202	481	693	152	-1,240	394	150	249
Net Cash Provided by Operating Activities
54,451	16,041	25,120	16,104	23,437	16,205	30,524	23,424	26,476	15,668	24,702	15,110	25,274	18,459	23,330	17,630	18,218	12,697	23,179	16,526	18,002	24,015	12,758	11,792	33,746	8,218	28,210	26,386	22,501	29,729	41,524	15,252	32,959	33,361	25,190	29,349	32,493	24,981	52,017	2,638	35,334
Investing Activities:
Net repayments of loans
-4,545	-6,370	-28,305	-42,885	-1,836	10,609	-2,553	-29,082	-59,959	3,254	-33,467	-34,326	-1,526	-11,933	-66,598	-43,905	-61,070	-39,478	-57,795	-53,015	-13,805	-33,299	-50,734	-32,783	-9,598	-43,772	-63,502	-94,620	-72,880	-88,764	-101,538	-98,992	-95,748	-100,991	-94,137	-67,512	-78,875	-72,376	-81,667	-55,570	-89,819
Net payments under FDIC(1) indemnification agreements
-	-	-	-	-	-	-	-	-	126	0	-192	129	-3,307	3,082	-5,091	5,189	0	0	692	-692	0	0	6,659	44	591	2,439	2,695	1,344	2,655	5,509	17,631	2,628	-298	2,691	4,410	855	5,256	5,951	9,978	19,863
Purchases of debt securities available for sale
438,122	237,852	314,467	198,809	219,414	220,442	194,901	159,885	279,327	202,289	179,867	202,361	51,297	268,262	552,110	108,459	152,128	118,625	201,005	272,637	354,527	378,573	365,507	144,175	237,948	63,305	79,980	99,559	175,901	173,014	73,971	111,960	25,418	81,903	55,709	19,099	133,899	202,529	130,334	95,956	53,537
Proceeds from sale/maturity/calls of debt securities available for sale
266,561	128,088	134,712	157,787	210,429	62,664	70,626	133,819	86,218	80,436	67,256	124,032	47,600	104,830	288,402	178,370	166,023	108,268	254,142	419,635	185,073	159,569	219,129	126,427	99,350	44,226	23,102	47,392	30,166	86,120	46,667	38,932	31,317	127,765	81,523	65,486	57,159	78,990	49,388	50,443	22,621
Purchases of debt securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	190,774	56,182	71,688	176,615	179,273	10,359	41,290	8,062	380	17,993	44,420	64,473	27,966	59,677	73,173	5,548	253,323	151,958	194,545	105,672	99,385	28,909	-	-	-	-
Proceeds from maturity/calls of debt securities held to maturity
55,112	53,925	73,426	53,638	57,461	39,451	49,027	33,974	44,577	43,221	54,775	34,793	45,640	62,284	59,711	48,528	33,531	35,137	45,437	41,972	30,468	37,606	41,620	39,776	34,403	53,283	56,941	55,552	51,876	75,863	50,283	57,957	48,123	34,161	19,988	17,482	24,267	38,110	34,119	37,627	36,350
Proceeds from sale of property acquired in satisfaction of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,860
Purchases of premises and equipment
1,796	1,499	1,070	1,032	393	293	521	896	1,413	740	930	549	501	519	308	708	283	425	2,216	507	1,326	1,399	696	1,530	166	112	471	493	617	959	1,238	697	1,940	1,111	1,948	73	177	791	209	190	258
Proceeds from sale of FRB(2) stock
-	-	-	-	-	-	-	-	-	-	-	-	24	-	-	-	0	-	0	450	490	0	0	0	3,248	923	755	750	738	752	441	444	451	-	-	-	-	-	-	-	2,763
Proceeds from sale of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	471	-2,801	2,970	0	0	0	603
Net change in FHLB securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,371	-460	13,605	-447	-	-	-	-
Proceeds from sale of foreclosed assets
0	0	0	0	307	286	367	456	50	0	0	507	1,014	269	1,295	4,873	975	0	1,674	0	100	663	1,469	3,921	2,159	5,363	5,585	6,790	2,611	4,926	6,523	6,355	10,277	-	-	-	-	-	-	-	-
Net Cash (Used in) Provided by Investing Activities
-113,700	-50,968	-77,297	55,742	50,226	-128,511	-71,666	36,550	-89,936	-82,627	-25,322	-9,444	44,135	-92,772	-133,330	-29,356	58,195	-7,855	-20,788	63,347	-136,968	-190,125	-61,313	63,481	-107,305	40,321	7,400	79,781	-76,580	11,934	130,204	-145,669	9,228	-7,513	46,909	26,661	1,588	12,673	101,717	61,041	123,084
Financing Activities:
Net change in deposits
-13,195	15,998	66,361	-62,322	-74,255	31,002	-51,285	19,255	40,254	93,033	52,010	-15,403	-6,768	59,871	159,556	-31,436	-23,909	173,739	12,076	-25,230	30,891	27,561	108,258	-1,374	51,063	55,557	7,001	-60,465	-70,450	102,033	-77,820	-40,332	-716	57,756	104,223	-51,679	7,831	60,907	-69,688	-3,826	-164,280
Net change in short-term borrowings
21,736	-14,718	-8,935	-3,736	7,070	-10,509	-7,138	3,538	6,885	-7,866	-9,432	2,158	14,533	2,720	-11,494	15,401	-577	-4,035	-25,684	-213	-26,824	22,749	-2,113	4,485	1,620	9,847	-18,818	4,785	8,167	-1,943	-25,952	-25,101	-9,005	4,772	-5,982	-2,631	-13,027	-91,055	-22,612	-1,492	-90,660
Exercise of stock options/issuance of shares
2,266	2,522	2,867	2,539	5,771	128	3,762	1,949	7,534	5,595	698	697	17,593	12,443	1,528	8,343	1,717	0	1,246	3,602	0	0	218	1,325	10,853	12,280	2,805	258	6,156	4,718	1,887	389	641	8,140	2,961	306	2,967	4,006	3,899	5,086	3,697
Tax benefit increase upon exercise and expiration of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	195	-12	392	-181	-69	-9	-2,071	865	-894	51	27	369	500	-1	-10	-191	128	-11	-2	4	-254	-22	1	27	87	121	537	259
Retirement of common stock
9,247	0	0	488	0	-	-	-	-	-	-	-	-	-356	0	356	5,424	-293	1,338	5,823	7,867	7,347	8,455	13,645	22,710	17,531	12,396	11,951	15,442	12,813	12,605	14,421	11,660	15,443	13,378	19,645	12,039	6,470	5,029	12,416	4,804
Common stock dividends paid
11,104	11,093	11,063	11,041	10,745	10,691	10,683	10,653	10,608	10,558	10,261	10,257	10,223	10,012	9,996	9,997	9,919	9,956	9,701	9,712	9,755	9,834	9,868	9,973	10,086	10,147	9,898	9,967	10,084	10,130	10,188	10,293	10,394	10,528	10,266	10,400	10,476	10,505	10,496	10,557	10,536
Net Cash Used in Financing Activities
-9,544	-7,291	49,230	-75,048	-72,159	9,930	-65,344	13,565	44,065	80,204	33,015	-23,119	15,135	65,217	139,582	-17,653	-38,293	159,615	-23,410	-37,717	-14,420	22,608	87,989	-19,209	30,371	34,910	-31,307	-77,350	-81,844	81,755	-124,689	-89,760	-31,130	44,443	67,536	-84,048	-24,717	-43,030	-103,805	-22,668	-266,324
Net Change In Cash and Due from Banks
-68,793	-42,218	-2,947	-3,202	1,504	-102,376	-106,486	73,539	-19,395	13,245	32,395	-17,453	84,544	-9,096	29,582	-29,379	38,120	164,457	-21,019	42,156	-133,386	-143,502	39,434	56,064	-43,188	83,449	4,303	28,817	-135,923	123,418	47,039	-220,177	11,057	70,291	139,635	-28,038	9,364	-5,376	49,929	41,011	-107,906
Supplemental disclosure of noncash activities:
Right-of-use assets acquired in exchange for operating lease liabilities
0	0	500	3,643	19,444	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount recognized upon initial adoption of ASU 2016-02 included above
0	0	0	0	15,325	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan collateral transferred to other real estate owned
0	-	0	0	0	-	-	-	-	-	0	0	0	333	0	271	217	0	1,682	27	3,202	0	0	0	968	3,239	1,472	3,292	640	5,257	2,254	2,525	1,583	6,257	18,559	10,985	3,652	6,582	10,439	7,657	6,092
Securities purchases pending settlement
607	-	20,114	0	0	-	-	-	-	-	162	649	0	-	-26,317	-18,092	44,580	2,885	-24,952	23,474	1,478	-	-	-	-11,231	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of cash flow activities:
Cash paid for amounts included in operating lease liabilities
1,659	-	1,712	1,661	1,750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid for the period
432	481	543	388	486	492	555	441	444	494	482	451	504	567	589	520	526	592	667	499	775	863	1,002	970	987	1,470	1,260	1,590	1,132	1,723	1,489	1,960	1,642	2,243	2,729	2,932	3,367	3,655	3,701	3,601	4,457
Income tax payments for the period
0	8,470	3,111	12,910	0	-	-	-	-	2,694	3,659	10,498	500	5,232	4,110	8,722	1,200	5,070	3,096	9,500	0	-	-	-	-	4,631	5,152	12,653	126	-	-	-	-	-	-	-	-	10,810	12,321	23,757	3,500