WESTAMERICA BANCORPORATION WABC Cash Flow

Westamerica bancorporation (WABC)

CashFlow / TTM

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
77,705	80,389	78,716	75,319	73,704	71,564	56,669	54,693	52,482	50,025	60,318	60,929	59,676	58,853	58,978	58,207	58,422	58,753	59,203	59,500	59,896	60,646	61,674	63,258	65,213	67,177	70,257	73,541	77,393	81,127	83,796	86,206	86,511	87,888	89,814	91,091	93,383	94,577	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization/accretion
22,121	20,626	20,616	21,660	27,568	24,402	26,239	26,608	21,971	26,082	24,535	23,389	21,628	19,939	18,234	17,063	16,537	16,402	15,606	16,249	15,329	15,502	16,965	16,193	17,796	18,015	16,825	16,069	14,897	14,074	14,367	14,347	14,317	14,253	14,428	14,681	15,351	15,327	0	0	0
Credit loss provision
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,800	4,200	5,400	6,200	8,000	9,200	10,200	11,200	11,200	11,200	11,200	11,200	11,200	11,200	11,200	11,200	11,200	0	0	0
Net amortization of deferred net loan fees
63	260	237	306	378	203	261	179	112	46	25	162	260	340	328	318	286	310	363	294	327	279	266	352	370	420	437	405	460	506	541	547	453	434	407	318	277	100	0	0	0
(Increase) decrease in interest income receivable
5,051	2,963	1,777	1,575	1,409	2,277	2,958	3,028	2,793	2,068	1,078	1,902	951	1,316	1,062	663	213	780	1,249	520	300	469	-1,366	-1,266	-2,091	-1,249	-2,633	-1,480	-1,464	-2,396	-937	-993	-1,174	172	-426	-276	-223	-1,094	0	0	0
Increase in income taxes payable
-1,264	1,733	3,592	1,551	-13,431	-7,554	-3,571	4,003	8,056	6,650	2,018	1,520	-568	-40	925	-564	-1,006	265	1,381	-96	-59	478	-3,693	-1,773	-1,927	-1,677	-1,083	-223	-3,343	-1,439	1,769	676	1,222	2,074	-2,290	-3,252	-4,920	-565	0	0	0
Tax benefit increase upon exercise and expiration of stock options
-	-	-	-	-	-	-	-	-	-	394	394	394	394	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit (increase) decrease upon exercise and expiration of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	130	133	-1,968	-1,284	-2,109	-2,049	49	-447	947	895	858	298	-74	-84	-76	119	-263	-274	-271	-248	93	236	772	1,004	0	0	0
Decrease in deferred tax asset
-1,366	-3,662	-6,788	-4,163	-2,252	943	-24,778	-26,552	-25,557	-27,018	-2,017	-2,576	-5,706	-4,380	-3,120	-3,062	-1,366	-830	-2,404	-3,875	-1,752	-1,417	-2,082	1,598	1,701	1,618	3,301	3,321	7,808	6,952	6,641	3,610	-2,058	-2,094	0	0	0	-	-	-	-
Increase in other assets
16,479	14,806	4,194	23,684	8,442	4,017	1,540	3,233	154	1,732	4,782	-2,045	-3,050	3,321	1,780	4,193	5,700	1,046	3,455	4,662	2,809	2,172	140	934	-6,292	-5,814	-7,641	-11,702	-4,134	-142	-1,674	2,298	-677	-2,773	-12,597	-24,686	-29,500	-23,404	0	0	0
Stock option compensation expense
1,728	1,744	1,897	2,020	2,004	1,988	2,031	1,962	1,893	1,824	1,720	1,654	1,560	1,494	1,427	1,352	1,308	1,272	1,296	1,290	1,313	1,318	1,325	1,367	1,377	1,397	1,351	1,375	1,394	1,450	1,525	1,510	1,500	1,425	1,400	1,380	1,380	1,380	0	0	0
Increase in interest expense payable
-7	-9	-13	-33	-34	-27	-18	-14	-24	-31	-41	-65	-69	-52	-49	-65	-82	-86	-65	-85	-95	-111	-426	-284	-521	-274	-187	-196	-231	-334	-239	-1,139	-969	-1,338	-1,151	-310	-137	17	0	0	0
Increase (decrease) in other liabilities
25,458	-5,298	-16,606	11,606	-5,609	-580	1,919	-326	-1,136	-3,016	741	-2,376	-834	2,026	-3,040	-966	400	-5,754	5,744	-5,612	-10,191	4,474	-15,367	119	2,723	-12,510	3,467	9,505	8,650	17,147	13,678	-1,990	3,271	431	-2,540	1,680	-18,944	-16,767	0	0	0
Securities gains
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity securities (gains) losses
-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net writedown of premises and equipment
-	-	-	-	-	-	0	0	1,053	-	0	0	-75	-	-106	-105	-110	-109	-78	-70	-64	-76	-23	-25	-27	-17	0	0	0	-	-	-	-	398	387	114	-34	434	0	0	0
Gain on sale of other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	400	400	674	548	948	1,348	1,180	1,056	1,056	656	950	1,200	0	0	0	-	-	-	-
Originations of mortgage loans for resale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	501	0	0	0	-	-	-	-	595	0	0	0	-	-	-	-
Proceeds from sale of mortgage loans originated for resale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	509	0	0	0	-	-	-	-	616	0	0	0	-	-	-	-
Net gain on sale of foreclosed assets
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	-189	-	-276	-145	172	665	-265	-133	-75	-387	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Writedown of foreclosed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	30	691	762	130	247	0	0	0	-	0	0	0	-	-621	-203	-460	660	3,235	2,608	3,088	1,528	86	-1	-544	-447	0	0	0
Net Cash Provided by Operating Activities
111,716	80,702	80,866	86,270	93,590	96,629	96,092	90,270	81,956	80,754	83,545	82,173	84,693	77,637	71,875	71,724	70,620	70,404	81,722	71,301	66,567	82,311	66,514	81,966	96,560	85,315	106,826	120,140	109,006	119,464	123,096	106,762	120,859	120,393	112,013	138,840	112,129	114,970	0	0	0
Investing Activities:
Net repayments of loans
-82,105	-79,396	-62,417	-36,665	-22,862	-80,985	-88,340	-119,254	-124,498	-66,065	-81,252	-114,383	-123,962	-183,506	-211,051	-202,248	-211,358	-164,093	-157,914	-150,853	-130,621	-126,414	-136,887	-149,655	-211,492	-274,774	-319,766	-357,802	-362,174	-385,042	-397,269	-389,868	-358,388	-341,515	-312,900	-300,430	-288,488	-299,432	0	0	0
Net payments under FDIC(1) indemnification agreements
-	-	-	-	-	-	-	-	-	63	-3,370	-288	-5,187	-127	3,180	98	5,881	0	0	0	5,967	6,703	7,294	9,733	5,769	7,069	9,133	12,203	27,139	28,423	25,470	22,652	9,431	7,658	13,212	16,472	22,040	41,048	0	0	0
Purchases of debt securities available for sale
1,189,250	970,542	953,132	833,566	794,642	854,555	836,402	821,368	863,844	635,814	701,787	1,074,030	980,128	1,080,959	931,322	580,217	744,395	946,794	1,206,742	1,371,244	1,242,782	1,126,203	810,935	525,408	480,792	418,745	528,454	522,445	534,846	384,363	293,252	274,990	182,129	290,610	411,236	485,861	562,718	482,356	0	0	0
Proceeds from sale/maturity/calls of debt securities available for sale
687,148	631,016	565,592	501,506	477,538	353,327	371,099	367,729	357,942	319,324	343,718	564,864	619,202	737,625	741,063	706,803	948,068	967,118	1,018,419	983,406	690,198	604,475	489,132	293,105	214,070	144,886	186,780	210,345	201,885	203,036	244,681	279,537	306,091	331,933	283,158	251,023	235,980	201,442	0	0	0
Purchases of debt securities held to maturity
-	-	-	-	-	-	-	-	-	-	-	-	-	246,956	318,644	495,259	483,758	437,935	407,537	238,984	60,091	67,725	70,855	127,266	154,852	196,536	225,289	166,364	391,721	484,002	605,374	705,498	551,560	428,511	0	0	0	-	-	-	-
Proceeds from maturity/calls of debt securities held to maturity
236,101	238,450	223,976	199,577	179,913	167,029	170,799	176,547	177,366	178,429	197,492	202,428	216,163	204,054	176,907	162,633	156,077	153,014	155,483	151,666	149,470	153,405	169,082	184,403	200,179	217,652	240,232	233,574	235,979	232,226	190,524	160,229	119,754	95,898	99,847	113,978	134,123	146,206	0	0	0
Proceeds from sale of property acquired in satisfaction of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Purchases of premises and equipment
5,397	3,994	2,788	2,239	2,103	3,123	3,570	3,979	3,632	2,720	2,499	1,877	2,036	1,818	1,724	3,632	3,431	4,474	5,448	3,928	4,951	3,791	2,504	2,279	1,242	1,693	2,540	3,307	3,511	4,834	4,986	5,696	5,072	3,309	2,989	1,250	1,367	1,448	0	0	0
Proceeds from sale of FRB(2) stock
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	450	-	940	940	490	3,248	4,171	4,926	5,676	3,166	2,995	2,681	2,375	2,088	0	0	0	-	-	-	-	-	-	-	0
Proceeds from sale of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	640	640	169	2,970	603	0	0	0
Net change in FHLB securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,069	0	0	0	-	-	-	-
Proceeds from sale of foreclosed assets
0	307	593	960	1,416	1,159	873	506	557	1,521	1,790	3,085	7,451	7,412	7,143	7,522	2,649	1,774	2,437	2,232	6,153	8,212	12,912	17,028	19,897	20,349	19,912	20,850	20,415	28,081	0	0	0	-	-	-	-	-	-	-	-
Net Cash (Used in) Provided by Investing Activities
-186,223	-22,297	-99,840	-94,209	-113,401	-253,563	-207,679	-161,335	-207,329	-73,258	-83,403	-191,411	-211,323	-197,263	-112,346	196	92,899	-102,264	-284,534	-325,059	-324,925	-295,262	-64,816	3,897	20,197	50,922	22,535	145,339	-80,111	5,697	-13,750	-97,045	75,285	67,645	87,831	142,639	177,019	298,515	0	0	0
Financing Activities:
Net change in deposits
6,842	-54,218	-39,214	-156,860	-75,283	39,226	101,257	204,552	169,894	122,872	89,710	197,256	181,223	164,082	277,950	130,470	136,676	191,476	45,298	141,480	165,336	185,508	213,504	112,247	53,156	-68,357	-21,881	-106,702	-86,569	-16,835	-61,112	120,931	109,584	118,131	121,282	-52,629	-4,776	-176,887	0	0	0
Net change in short-term borrowings
-5,653	-20,319	-16,110	-14,313	-7,039	-7,224	-4,581	-6,875	-8,255	-607	9,979	7,917	21,160	6,050	-705	-14,895	-30,509	-56,756	-29,972	-6,401	-1,703	26,741	13,839	-2,866	-2,566	3,981	-7,809	-14,943	-44,829	-62,001	-55,286	-35,316	-12,846	-16,868	-112,695	-129,325	-128,186	-205,819	0	0	0
Exercise of stock options/issuance of shares
10,194	13,699	11,305	12,200	11,610	13,373	18,840	15,776	14,524	24,583	31,431	32,261	39,907	24,031	11,588	11,306	6,565	4,848	4,848	3,820	1,543	12,396	24,676	27,263	26,196	21,499	13,937	13,019	13,150	7,635	11,057	12,131	12,048	14,374	10,240	11,178	15,958	16,688	0	0	0
Tax benefit increase upon exercise and expiration of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	394	130	133	-2,330	-1,284	-2,109	-2,049	49	-447	947	895	858	298	-74	-84	-76	119	-263	-274	-271	-248	93	236	772	1,004	0	0	0
Retirement of common stock
9,735	488	0	0	0	-	-	-	-	-	-	-	-	5,424	5,487	6,825	12,292	14,735	22,375	29,492	37,314	52,157	62,341	66,282	64,588	57,320	52,602	52,811	55,281	51,499	54,129	54,902	60,126	60,505	51,532	43,183	35,954	28,719	0	0	0
Common stock dividends paid
44,301	43,942	43,540	43,160	42,772	42,635	42,502	42,080	41,684	41,299	40,753	40,488	40,228	39,924	39,868	39,573	39,288	39,124	39,002	39,169	39,430	39,761	40,074	40,104	40,098	40,096	40,079	40,369	40,695	41,005	41,403	41,481	41,588	41,670	41,647	41,877	42,034	42,094	0	0	0
Net Cash Used in Financing Activities
-42,653	-105,268	-88,047	-202,621	-114,008	2,216	72,490	170,849	134,165	105,235	90,248	196,815	202,281	148,853	243,251	80,259	60,195	84,068	-52,939	58,460	76,968	121,759	134,061	14,765	-43,376	-155,591	-108,746	-202,128	-214,538	-163,824	-201,136	-8,911	-3,199	3,214	-84,259	-255,600	-194,220	-435,827	0	0	0
Net Change In Cash and Due from Banks
-117,160	-46,863	-107,021	-210,560	-133,819	-154,718	-39,097	99,784	8,792	112,731	90,390	87,577	75,651	29,227	202,780	152,179	223,714	52,208	-255,751	-195,298	-181,390	-91,192	135,759	100,628	73,381	-19,354	20,615	63,351	-185,643	-38,663	-91,790	806	192,945	191,252	115,585	25,879	94,928	-22,342	0	0	0
Supplemental disclosure of noncash activities:
Right-of-use assets acquired in exchange for operating lease liabilities
4,143	23,587	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount recognized upon initial adoption of ASU 2016-02 included above
0	15,325	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan collateral transferred to other real estate owned
0	-	0	0	0	-	-	-	-	-	333	333	604	821	488	2,170	1,926	4,911	4,911	3,229	3,202	968	4,207	5,679	8,971	8,643	10,661	11,443	10,676	11,619	12,619	28,924	37,384	39,453	39,778	31,658	28,330	30,770	0	0	0
Securities purchases pending settlement
0	-	0	0	0	-	-	-	-	-	0	0	-44,580	-	3,056	4,421	45,987	2,885	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of cash flow activities:
Cash paid for amounts included in operating lease liabilities
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid for the period
1,844	1,898	1,909	1,921	1,974	1,932	1,934	1,861	1,871	1,931	2,004	2,111	2,180	2,202	2,227	2,305	2,284	2,533	2,804	3,139	3,610	3,822	4,429	4,687	5,307	5,452	5,705	5,934	6,304	6,814	7,334	8,574	9,546	11,271	12,683	13,655	14,324	15,414	0	0	0
Income tax payments for the period
24,491	24,491	0	0	0	-	-	-	-	17,351	19,889	20,340	18,564	19,264	19,102	18,088	18,866	17,666	0	0	0	-	-	-	-	22,562	0	0	0	-	-	-	-	-	-	-	-	50,388	0	0	0