Westamerica bancorporation (WABC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Interest and Fee Income:
Loans

58,153

59,030

61,740

69,139

78,441

89,056

102,626

130,820

160,673

177,224

189,801

148,659

Equity securities

392

354

293

-

-

-

-

-

-

-

-

-

Debt securities available for sale

74,147

60,383

44,371

34,276

31,263

24,740

21,822

19,810

21,594

16,766

16,547

18,211

Money market assets and funds sold

-

-

-

-

-

-

-

-

-

2

3

3

Debt securities held to maturity

18,997

24,031

27,432

30,636

26,825

26,413

29,948

32,734

25,712

27,163

35,598

41,596

Interest-bearing cash

6,993

7,925

4,476

-

-

-

-

-

-

-

-

-

Total Interest and Fee Income

158,682

151,723

138,312

134,051

136,529

140,209

154,396

183,364

207,979

221,155

241,949

208,469

Interest Expense:
Deposits

1,854

1,922

1,856

2,077

2,370

2,887

3,348

4,283

6,805

8,718

14,549

21,182

Short-term borrowed funds

34

37

44

39

53

90

77

77

216

463

751

9,958

Federal Home Loan Bank advances

-

-

-

-

1

407

480

483

520

437

1,010

-

Term repurchase agreement

-

-

-

-

-

60

98

99

39

1,528

1,381

-

Debt financing

-

-

-

-

-

-

668

802

802

1,694

1,689

2,103

Total Interest Expense

1,888

1,959

1,900

2,116

2,424

3,444

4,671

5,744

8,382

12,840

19,380

33,243

Net Interest and Fee Income

156,794

149,764

136,412

131,935

134,105

136,765

149,725

177,620

199,597

208,315

222,569

175,226

Provision for Credit Losses

-

-

-

-

-

2,800

8,000

11,200

11,200

11,200

10,500

2,700

Reversal of Provision for Loan Losses

0

0

1,900

3,200

0

-

-

-

-

-

-

-

Net Interest and Fee Income After Provision For Credit Losses

156,794

149,764

138,312

135,135

134,105

133,965

141,725

166,420

188,397

197,115

212,069

172,526

Noninterest Income:
Life insurance gains

433

585

0

-

-

-

-

-

-

-

-

-

Securities gains

217

-52

7,955

-

-

-

-

-

-

-

-

-

Loss on sale of securities

-

-

-

-

-

-

-

-1,287

-

-

-

-

Gain on acquisition

-

-

-

-

-

-

-

-

-

178

48,844

-

Securities gains

-

-

-

-

0

-

-

-

-

-

-

-56,955

Other noninterest income

4,001

4,079

5,506

4,817

4,690

5,888

7,710

6,747

7,230

7,514

7,127

5,863

Total Noninterest Income

47,408

48,149

56,628

46,574

47,867

51,787

57,011

57,022

60,097

61,454

112,011

-2,056

Noninterest Expense:
Salaries and related benefits

51,054

53,007

51,519

51,507

52,192

54,777

56,633

57,388

58,501

61,748

65,391

51,492

Occupancy and equipment

20,240

19,679

19,430

19,017

19,394

14,992

15,137

15,460

16,209

15,633

18,748

13,703

Outsourced data processing services

9,471

9,229

9,035

8,505

8,441

8,411

8,548

8,531

8,844

8,957

9,000

8,440

Courier service

1,878

1,779

1,732

1,952

2,329

2,624

2,868

3,117

3,342

3,495

3,808

3,322

Professional fees

2,465

2,842

2,161

3,980

2,490

2,346

3,057

3,217

4,802

3,376

3,583

2,624

Loss contingency

553

3,500

5,542

3

0

-

-

-

-

-

-

-

Furniture and equipment

-

-

-

-

-

4,174

3,869

3,775

3,837

4,325

5,859

3,801

Amortization of identifiable intangibles

538

1,921

3,077

3,504

3,856

4,270

4,704

5,368

5,975

6,333

6,697

3,221

Impairment of tax credit investments

0

0

625

-

0

-

-

-

-

-

-

-

Other real estate owned

-

-

-

-

-

642

-1,035

1,235

2,458

895

616

-

Deposit insurance assessments

-

-

-

-

-

-

-

-

-

-

6,260

518

Settlements

-

-

-

-

-

-

-

-

2,100

43

158

-

Visa litigation

-

-

-

-

-

-

-

-

-

-

-

2,338

Other noninterest expense

12,787

14,959

14,647

13,284

16,598

15,847

16,763

18,794

21,610

22,342

20,656

15,978

Total Noninterest Expense

98,986

106,916

107,768

101,752

105,300

106,799

112,614

116,885

127,678

127,147

140,776

100,761

Income Before Income Taxes

105,216

90,997

87,172

79,957

76,672

78,953

86,122

106,557

120,816

131,422

183,304

69,709

Provision for income taxes

24,827

19,433

37,147

21,104

17,919

18,307

18,945

25,430

32,928

36,845

57,878

9,874

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

Preferred stock dividends and discount accretion

-

-

-

-

-

-

-

-

-

-

3,963

-

Net Income Applicable to Common Equity

-

-

-

-

-

-

-

-

-

-

121,463

59,835

Average Common Shares Outstanding (in shares)

26,956

26,649

26,291

25,612

25,555

26,099

28,826

27,654

28,628

29,166

29,105

28,892

Average Diluted Common Shares Outstanding (in shares)

27,006

26,756

26,419

25,678

25,577

26,160

26,877

27,699

28,742

29,471

29,353

29,273

Per Common Share Data:
Basic earnings (in dollars per share)

2.98

2.69

1.90

2.30

2.30

2.32

2.50

2.93

3.07

3.24

4.17

2.07

Diluted earnings (in dollars per share)

2.98

2.67

1.89

2.29

2.30

2.32

2.50

2.93

3.06

3.21

4.14

2.04

Dividends paid (in dollars per share)

1.63

1.60

1.57

1.56

1.53

1.52

1.49

1.48

1.45

1.44

1.41

1.39

Deposit Account [Member]
Noninterest income revenue

17,882

18,508

19,612

20,854

22,241

24,191

25,693

27,691

29,523

33,517

36,392

29,762

Credit Card, Merchant Discount [Member]
Noninterest income revenue

10,132

9,630

8,426

6,377

6,339

7,219

9,031

9,734

9,436

9,057

9,068

10,525

Debit Card [Member]
Noninterest income revenue

6,357

6,643

6,421

6,290

6,084

5,960

5,829

5,173

4,956

4,888

4,875

3,769

Fiduciary and Trust [Member]
Noninterest income revenue

2,963

2,938

2,875

2,686

2,732

2,582

2,313

2,078

1,887

1,705

1,429

1,227

ATM Processing Fees [Member]
Noninterest income revenue

2,776

2,752

2,610

2,411

2,397

2,473

2,758

3,396

3,815

3,848

3,693

2,923

Financial Service, Other [Member]
Noninterest income revenue

2,255

2,567

2,584

2,571

2,689

2,717

2,846

2,801

2,827

-

-

-

Financial Services Commission [Member]
Noninterest income revenue

392

499

639

568

695

757

831

689

423

747

583

830