Westamerica bancorporation (WABC)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Interest and Fee Income:
Loans

13,809

14,103

14,431

14,822

14,797

14,783

14,593

14,957

14,697

15,410

15,082

15,468

15,780

16,235

16,968

17,583

18,353

18,798

19,378

20,035

20,230

21,239

22,129

22,787

22,901

23,931

25,116

26,180

27,399

29,640

31,779

33,745

35,656

38,139

39,899

41,272

41,363

44,028

44,434

44,060

44,702

48,530

49,523

Equity securities

103

103

92

99

98

98

85

86

85

79

70

70

74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt securities available for sale

21,315

20,067

18,736

17,823

17,521

16,865

15,644

14,323

13,551

12,280

11,277

10,639

10,175

9,422

8,796

8,091

7,967

7,915

7,880

7,999

7,469

6,885

6,350

5,875

5,630

5,528

5,426

5,532

5,336

5,166

4,918

4,938

4,788

5,166

5,526

5,684

5,218

4,656

4,189

4,026

3,895

4,272

4,539

Money market assets and funds sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

0

1

1

1

Debt securities held to maturity

3,908

4,209

4,535

4,924

5,329

5,710

5,931

6,216

6,174

6,435

6,716

6,986

7,295

7,552

7,704

8,053

7,327

7,175

7,041

6,391

6,218

6,218

6,421

6,741

7,033

7,247

7,414

7,557

7,730

8,087

8,575

8,218

7,854

7,116

6,551

6,132

5,913

6,187

6,579

6,992

7,405

8,393

9,009

Interest-bearing cash

856

1,396

1,901

1,958

1,738

1,992

2,361

1,764

1,808

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Interest and Fee Income

39,991

39,878

39,695

39,626

39,483

39,448

38,614

37,346

36,315

38,680

33,145

33,163

33,324

33,209

33,468

33,727

33,647

33,888

34,299

34,425

33,917

34,342

34,900

35,403

35,564

36,706

37,956

39,269

40,465

42,893

45,272

46,901

48,298

50,421

51,976

53,088

52,494

54,871

55,203

55,078

56,003

61,196

63,072

Interest Expense:
Deposits

434

444

447

478

485

505

518

449

450

461

461

465

469

491

512

531

543

554

573

601

642

670

709

754

754

793

809

847

899

969

1,020

1,107

1,187

1,461

1,677

1,777

1,890

2,003

2,047

2,180

2,488

3,273

4,468

Short-term borrowed funds

8

8

8

9

9

9

9

10

9

10

12

11

11

9

11

10

9

9

12

16

16

26

23

21

20

20

20

26

11

14

15

21

27

45

62

47

62

-1,076

511

491

537

509

568

Federal Home Loan Bank advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1

104

103

101

99

120

122

120

118

122

122

119

120

123

118

128

151

188

113

52

84

295

288

Term repurchase agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

11

24

25

24

25

25

24

25

25

24

25

-

14

-

-

-

-

-

-

-

-

Debt financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67

200

201

200

201

200

201

200

201

200

201

200

422

425

422

425

423

421

Total Interest Expense

442

452

455

487

494

514

527

459

459

471

473

476

480

500

523

541

552

563

585

617

659

800

846

900

898

1,024

1,176

1,219

1,252

1,331

1,382

1,472

1,559

1,855

2,071

2,153

2,303

3,065

3,096

3,145

3,534

4,500

5,745

Net Interest and Fee Income

39,549

39,426

39,240

39,139

38,989

38,934

38,087

36,887

35,856

38,209

32,672

32,687

32,844

32,709

32,945

33,186

33,095

33,325

33,714

33,808

33,258

33,542

34,054

34,503

34,666

35,682

36,780

38,050

39,213

41,562

43,890

45,429

46,739

48,566

49,905

50,935

50,191

51,806

52,107

51,933

52,469

56,696

57,327

Provision for Credit Losses

4,300

-

0

0

0

-

0

0

-

-

-

-

-

-

-

-

0

-

-

0

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

2,800

2,600

Reversal of Provision for Loan Losses

-

-

-

-

-

-

-

-

-

-

-

1,900

-

-

3,200

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Interest and Fee Income After Provision For Credit Losses

35,249

39,426

39,240

39,139

38,989

38,934

38,087

36,887

35,856

38,209

32,672

34,587

32,844

32,709

36,145

33,186

33,095

33,325

33,714

33,808

33,258

33,342

33,454

33,503

33,666

34,082

34,980

36,250

36,413

38,762

41,090

42,629

43,939

45,766

47,105

48,135

47,391

49,006

49,307

49,133

49,669

53,896

54,727

Noninterest Income:
Life insurance gains

-

-

0

433

-

-

585

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Securities gains

0

-

-

-

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity securities(losses) gains

-

-

0

26

-

-

-16

-14

-36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,287

-

-

-

-

-

-

-

-

-

-

-

Gain on acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

178

-

-

-

-

Other noninterest income

1,587

1,103

1,051

889

958

1,090

1,007

920

1,062

1,464

1,420

1,366

1,256

1,227

1,101

1,157

1,332

1,066

1,221

1,078

1,325

1,355

1,407

1,581

1,545

2,067

2,234

1,655

1,754

192

1,834

2,296

2,425

-233

2,625

2,445

2,393

1,980

1,594

2,028

1,912

1,639

2,201

Total Noninterest Income

11,648

11,732

11,809

12,288

11,579

11,897

12,528

11,769

11,955

20,300

12,548

12,123

11,657

11,545

11,598

11,702

11,729

11,305

11,993

12,269

12,300

12,545

13,054

13,198

12,990

14,030

14,419

14,284

14,278

14,194

14,626

13,533

14,669

14,857

15,205

15,292

14,743

15,143

15,071

15,770

15,470

15,961

16,386

Noninterest Expense:
Salaries and related benefits

13,018

12,297

12,559

13,090

13,108

13,055

13,415

13,186

13,351

12,652

12,816

12,981

13,070

12,440

13,063

12,887

13,117

12,397

12,761

13,696

13,338

13,086

13,639

13,926

14,126

14,340

13,826

14,064

14,403

13,554

14,294

14,494

15,046

14,112

14,401

14,913

15,075

14,899

15,481

15,476

15,892

16,402

17,448

Occupancy and equipment

4,932

5,077

5,199

4,916

5,048

5,315

4,809

4,864

4,691

4,860

4,907

4,776

4,887

8,470

3,749

3,400

3,398

8,195

3,746

3,726

3,727

3,708

3,811

3,746

3,727

3,784

3,829

3,638

3,886

3,850

3,901

3,775

3,934

4,124

4,010

4,050

4,025

4,072

3,962

3,822

3,777

4,008

5,413

Outsourced data processing services

2,405

2,361

2,374

2,367

2,369

2,298

2,292

2,299

2,340

2,325

2,383

2,188

2,139

2,131

2,114

2,130

2,130

2,107

2,115

2,111

2,108

2,098

2,093

2,115

2,105

2,112

2,139

2,140

2,157

2,214

2,156

2,078

2,083

2,101

2,165

2,122

2,456

2,328

2,187

2,202

2,240

2,258

2,378

Courier service

491

529

456

451

442

446

448

422

463

422

451

438

421

494

451

462

545

584

604

598

543

686

663

665

610

665

725

737

741

767

772

793

785

807

840

852

843

859

826

903

907

989

994

Professional fees

389

674

645

481

665

565

621

871

785

628

512

410

611

797

1,693

758

732

614

746

582

548

639

700

577

430

947

730

745

635

762

786

902

767

1,314

1,185

1,453

850

896

950

867

663

913

779

Loss contingency

-

-

0

553

-

-

3,500

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Furniture and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,211

1,187

1,213

-

1,075

1,158

1,119

1,105

1,059

1,005

1,005

994

974

1,021

880

892

991

1,041

851

923

943

1,038

933

1,091

1,067

1,116

1,051

1,789

1,607

Amortization of identifiable intangibles

73

73

76

79

310

447

451

453

570

755

760

762

800

862

867

870

905

948

952

955

1,001

1,051

1,056

1,058

1,105

1,157

1,163

1,165

1,219

1,291

1,336

1,339

1,402

1,470

1,477

1,480

1,548

1,622

1,573

1,540

1,598

1,671

1,695

Other real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

392

-111

-

-83

-52

-315

1,549

-287

-270

-350

-1,826

179

278

334

323

679

3

230

623

700

990

145

-

188

-

-

-

-

Deposit insurance assessments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

740

1,220

-

1,268

1,260

1,320

1,442

3,221

Settlements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,100

-

-

-

-

-

-

-

Other noninterest expense

3,356

3,198

2,724

3,624

3,241

3,661

3,830

3,646

3,822

6,834

2,285

2,841

2,687

2,504

3,146

3,927

3,707

4,461

4,091

4,018

4,028

3,715

3,882

4,135

4,115

3,744

4,193

4,404

4,422

4,580

4,354

4,924

4,936

7,149

5,662

4,571

4,228

8,844

4,006

4,909

4,583

5,679

5,131

Total Noninterest Expense

24,664

24,209

24,033

25,561

25,183

25,787

29,366

25,741

26,022

34,643

24,114

24,396

24,615

24,577

26,088

25,229

25,858

25,504

26,173

26,896

26,727

26,353

26,616

26,957

26,873

27,987

27,758

28,192

28,677

28,233

29,269

29,349

30,034

30,663

31,383

34,309

31,323

31,513

31,508

32,095

32,031

35,151

38,666

Income Before Income Taxes

22,233

26,949

27,016

25,866

25,385

25,044

21,249

22,915

21,789

23,866

21,106

22,314

19,886

19,677

21,655

19,659

18,966

19,126

19,534

19,181

18,831

19,534

19,892

19,744

19,783

20,125

21,641

22,342

22,014

24,723

26,447

26,813

28,574

29,960

30,927

29,118

30,811

32,636

32,870

32,808

33,108

34,706

32,447

Provision for income taxes

5,271

6,221

6,626

6,241

5,739

5,989

4,256

4,905

4,283

19,706

6,089

6,515

4,837

5,224

6,027

5,113

4,740

4,548

4,677

4,420

4,274

4,506

4,738

4,587

4,476

4,069

4,903

5,230

4,743

5,587

6,425

5,849

7,569

8,155

8,495

7,849

8,429

8,905

9,161

9,247

9,532

9,449

9,264

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

25,257

23,183

Preferred stock dividends and discount accretion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,466

1,107

Net Income Applicable to Common Equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,791

22,076

Average Common Shares Outstanding (in shares)

27,068

27,055

26,986

26,942

26,841

26,733

26,701

26,630

26,532

26,385

26,309

26,299

26,171

25,776

25,641

25,586

25,445

25,525

25,530

25,514

25,651

25,815

25,973

26,175

26,433

34,599

26,670

26,890

27,145

27,308

27,513

27,744

28,051

28,287

28,433

28,771

29,021

29,102

29,127

29,207

29,228

29,210

29,126

Average Diluted Common Shares Outstanding (in shares)

27,139

27,098

27,027

26,987

26,912

26,816

26,815

26,728

26,665

26,541

26,404

26,402

26,329

25,927

25,687

25,630

25,468

25,552

25,565

25,536

25,655

25,849

26,016

26,238

26,537

26,748

26,705

26,898

27,157

27,330

27,565

27,790

28,111

28,322

28,498

28,923

29,225

29,335

29,385

29,568

29,596

29,429

29,403

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

0.63

0.76

0.76

0.73

0.73

0.71

0.64

0.68

0.66

0.15

0.57

0.60

0.58

0.56

0.61

0.57

0.56

0.57

0.58

0.58

0.57

0.58

0.58

0.58

0.58

0.59

0.63

0.64

0.64

0.69

0.73

0.76

0.75

0.77

0.79

0.74

0.77

0.81

0.81

0.81

0.81

0.81

0.76

Diluted earnings (in dollars per share)

0.63

0.77

0.75

0.73

0.73

0.71

0.63

0.67

0.66

0.15

0.57

0.60

0.57

0.55

0.61

0.57

0.56

0.57

0.58

0.58

0.57

0.58

0.58

0.58

0.58

0.59

0.63

0.64

0.64

0.70

0.73

0.75

0.75

0.76

0.79

0.74

0.77

0.80

0.81

0.80

0.80

0.81

0.75

Dividends paid (in dollars per share)

0.41

0.41

0.41

0.41

0.40

0.40

0.40

0.40

0.40

0.40

0.39

0.39

0.39

0.39

0.39

0.39

0.39

0.39

0.38

0.38

0.38

0.38

0.38

0.38

0.38

0.38

0.37

0.37

0.37

0.37

0.37

0.37

0.37

0.37

0.36

0.36

0.36

0.36

0.36

0.36

0.36

0.35

0.35

Deposit Account [Member]
Noninterest income revenue

4,248

4,375

4,510

4,493

4,504

4,496

4,615

4,645

4,752

4,755

4,989

4,945

4,923

5,064

5,303

5,239

5,248

5,259

5,581

5,694

5,707

5,869

6,207

6,105

6,010

6,266

6,433

6,452

6,542

6,722

6,847

7,027

7,095

6,995

7,430

7,577

7,521

7,984

8,162

8,629

8,742

9,479

9,116

Credit Card, Merchant Discount [Member]
Noninterest income revenue

2,358

2,423

2,494

2,657

2,558

2,441

2,464

2,305

2,420

2,346

2,153

2,052

1,875

1,678

1,532

1,638

1,529

1,368

1,485

1,783

1,703

1,733

1,742

1,820

1,924

2,058

2,151

2,413

2,409

2,401

2,411

2,529

2,393

2,516

2,358

2,391

2,171

2,426

2,234

2,176

2,221

2,163

2,223

Debit Card [Member]
Noninterest income revenue

1,468

1,568

1,641

1,641

1,507

1,684

1,656

1,698

1,605

1,570

1,784

1,586

1,481

1,566

1,587

1,621

1,516

1,556

1,538

1,534

1,456

1,478

1,543

1,534

1,405

1,526

1,467

1,478

1,358

1,357

1,308

1,345

1,163

1,203

1,269

1,283

1,201

1,210

1,259

1,245

1,174

1,267

1,323

Fiduciary and Trust [Member]
Noninterest income revenue

777

764

733

749

717

736

733

726

743

739

718

716

702

682

686

657

661

672

682

672

706

684

629

615

654

593

567

585

568

552

540

497

489

480

432

482

493

447

429

448

381

319

373

ATM Processing Fees [Member]
Noninterest income revenue

579

696

725

722

633

703

687

698

664

697

684

654

575

550

600

603

658

569

616

627

585

582

637

634

620

631

701

721

705

749

782

932

933

903

980

997

935

932

1,004

1,021

891

965

1,013

Financial Service, Other [Member]
Noninterest income revenue

506

513

580

585

577

621

665

650

631

620

652

662

650

621

671

650

629

648

693

683

665

673

695

688

661

672

716

696

762

-

729

-

-

-

-

-

-

-

-

-

-

-

-

Financial Services Commission [Member]
Noninterest income revenue

125

123

75

93

101

112

132

141

114

154

148

142

195

157

118

137

156

167

177

198

153

171

194

221

171

217

150

284

180

149

175

194

171

166

111

117

29

164

211

223

149

129

137