WESTAMERICA BANCORPORATION WABC Income Statement

Westamerica bancorporation (WABC)

Income statement / 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	Sep'09	Jun'09
Interest and Fee Income:
Loans
57,165	58,153	58,833	58,995	59,130	59,030	59,657	60,146	60,657	61,740	62,565	64,451	66,566	69,139	71,702	74,112	76,564	78,441	80,882	83,633	86,385	89,056	91,748	94,735	98,128	102,626	108,335	114,998	122,563	130,820	139,319	147,439	154,966	160,673	166,562	171,097	173,885	177,224	181,726	186,815	0	0	0
Equity securities
397	392	387	380	367	354	335	320	304	293	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt securities available for sale
77,941	74,147	70,945	67,853	64,353	60,383	55,798	51,431	47,747	44,371	41,513	39,032	36,484	34,276	32,769	31,853	31,761	31,263	30,233	28,703	26,579	24,740	23,383	22,459	22,116	21,822	21,460	20,952	20,358	19,810	19,810	20,418	21,164	21,594	21,084	19,747	18,089	16,766	16,382	16,732	0	0	0
Money market assets and funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	3	3	0	0	0
Debt securities held to maturity
17,576	18,997	20,498	21,894	23,186	24,031	24,756	25,541	26,311	27,432	28,549	29,537	30,604	30,636	30,259	29,596	27,934	26,825	25,868	25,248	25,598	26,413	27,442	28,435	29,251	29,948	30,788	31,949	32,610	32,734	31,763	29,739	27,653	25,712	24,783	24,811	25,671	27,163	29,369	31,799	0	0	0
Interest-bearing cash
6,111	6,993	7,589	8,049	7,855	7,925	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Interest and Fee Income
159,190	158,682	158,252	157,171	154,891	151,723	150,955	145,486	141,303	138,312	132,841	133,164	133,728	134,051	134,730	135,561	136,259	136,529	136,983	137,584	138,562	140,209	142,573	145,629	149,495	154,396	160,583	167,899	175,531	183,364	190,892	197,596	203,783	207,979	212,429	215,656	217,646	221,155	227,480	235,349	0	0	0
Interest Expense:
Deposits
1,803	1,854	1,915	1,986	1,957	1,922	1,878	1,821	1,837	1,856	1,886	1,937	2,003	2,077	2,140	2,201	2,271	2,370	2,486	2,622	2,775	2,887	3,010	3,110	3,203	3,348	3,524	3,735	3,995	4,283	4,775	5,432	6,102	6,805	7,347	7,717	8,120	8,718	9,988	12,409	0	0	0
Short-term borrowed funds
33	34	35	36	37	37	38	41	42	44	43	42	41	39	39	40	46	53	70	81	86	90	84	81	86	77	71	66	61	77	108	155	181	216	-905	-456	-12	463	2,048	2,105	0	0	0
Federal Home Loan Bank advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	105	208	309	407	423	442	461	480	482	482	481	483	484	480	489	520	585	580	504	437	544	719	0	0	0
Term repurchase agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60	84	98	99	98	99	99	98	99	88	0	0	-	0	-	-	-	-	-	-	-	-
Debt financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	668	802	802	802	802	802	802	802	802	1,023	1,248	1,469	1,694	1,695	1,691	0	0	0
Total Interest Expense
1,836	1,888	1,950	2,022	1,994	1,959	1,916	1,862	1,879	1,900	1,929	1,979	2,044	2,116	2,179	2,241	2,317	2,424	2,661	2,922	3,205	3,444	3,668	3,998	4,317	4,671	4,978	5,184	5,437	5,744	6,268	6,957	7,638	8,382	9,592	10,617	11,609	12,840	14,275	16,924	0	0	0
Net Interest and Fee Income
157,354	156,794	156,302	155,149	152,897	149,764	149,039	143,624	139,424	136,412	130,912	131,185	131,684	131,935	132,551	133,320	133,942	134,105	134,322	134,662	135,357	136,765	138,905	141,631	145,178	149,725	155,605	162,715	170,094	177,620	184,624	190,639	196,145	199,597	202,837	205,039	206,037	208,315	213,205	218,425	0	0	0
Provision for Credit Losses
0	-	0	0	0	-	0	0	-	-	-	-	-	-	-	-	0	-	-	800	1,800	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	11,200	11,000	0	0	0
Reversal of Provision for Loan Losses
-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Interest and Fee Income After Provision For Credit Losses
153,054	156,794	156,302	155,149	152,897	149,764	149,039	143,624	141,324	138,312	132,812	136,285	134,884	135,135	135,751	133,320	133,942	134,105	134,122	133,862	133,557	133,965	134,705	136,231	138,978	141,725	146,405	152,515	158,894	166,420	173,424	179,439	184,945	188,397	191,637	193,839	194,837	197,115	202,005	207,425	0	0	0
Noninterest Income:
Life insurance gains
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Securities gains
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity securities(losses) gains
-	-	64	48	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Gain on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Other noninterest income
4,630	4,001	3,988	3,944	3,975	4,079	4,453	4,866	5,312	5,506	5,269	4,950	4,741	4,817	4,656	4,776	4,697	4,690	4,979	5,165	5,668	5,888	6,600	7,427	7,501	7,710	5,835	5,435	6,076	6,747	6,322	7,113	7,262	7,230	9,443	8,412	7,995	7,514	7,173	7,780	0	0	0
Total Noninterest Income
47,477	47,408	47,573	48,292	47,773	48,149	56,552	56,572	56,926	56,628	47,873	46,923	46,502	46,574	46,334	46,729	47,296	47,867	49,107	50,168	51,097	51,787	53,272	54,637	55,723	57,011	57,175	57,382	56,631	57,022	57,685	58,264	60,023	60,097	60,383	60,249	60,727	61,454	62,272	63,587	0	0	0
Noninterest Expense:
Salaries and related benefits
50,964	51,054	51,812	52,668	52,764	53,007	52,604	52,005	51,800	51,519	51,307	51,554	51,460	51,507	51,464	51,162	51,971	52,192	52,881	53,759	53,989	54,777	56,031	56,218	56,356	56,633	55,847	56,315	56,745	57,388	57,946	58,053	58,472	58,501	59,288	60,368	60,931	61,748	63,251	65,218	0	0	0
Occupancy and equipment
20,124	20,240	20,478	20,088	20,036	19,679	19,224	19,322	19,234	19,430	23,040	21,882	20,506	19,017	18,742	18,739	19,065	19,394	14,907	14,972	14,992	14,992	15,068	15,086	14,978	15,137	15,203	15,275	15,412	15,460	15,734	15,843	16,118	16,209	16,157	16,109	15,881	15,633	15,569	17,020	0	0	0
Outsourced data processing services
9,507	9,471	9,408	9,326	9,258	9,229	9,256	9,347	9,236	9,035	8,841	8,572	8,514	8,505	8,481	8,482	8,463	8,441	8,432	8,410	8,414	8,411	8,425	8,471	8,496	8,548	8,650	8,667	8,605	8,531	8,418	8,427	8,471	8,844	9,071	9,093	9,173	8,957	8,887	9,078	0	0	0
Courier service
1,927	1,878	1,795	1,787	1,758	1,779	1,755	1,758	1,774	1,732	1,804	1,804	1,828	1,952	2,042	2,195	2,331	2,329	2,431	2,490	2,557	2,624	2,603	2,665	2,737	2,868	2,970	3,017	3,073	3,117	3,157	3,225	3,284	3,342	3,394	3,380	3,431	3,495	3,625	3,793	0	0	0
Professional fees
2,189	2,465	2,356	2,332	2,722	2,842	2,905	2,796	2,335	2,161	2,330	3,511	3,859	3,980	3,797	2,850	2,674	2,490	2,515	2,469	2,464	2,346	2,654	2,684	2,852	3,057	2,872	2,928	3,085	3,217	3,769	4,168	4,719	4,802	4,384	4,149	3,563	3,376	3,393	3,222	0	0	0
Loss contingency
-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Furniture and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,693	4,557	4,528	-	4,457	4,441	4,288	4,174	4,063	3,978	3,994	3,869	3,767	3,784	3,804	3,775	3,806	3,758	3,755	3,837	4,005	4,129	4,207	4,325	5,023	5,563	0	0	0
Amortization of identifiable intangibles
301	538	912	1,287	1,661	1,921	2,229	2,538	2,847	3,077	3,184	3,291	3,399	3,504	3,590	3,675	3,760	3,856	3,959	4,063	4,166	4,270	4,376	4,483	4,590	4,704	4,838	5,011	5,185	5,368	5,547	5,688	5,829	5,975	6,127	6,223	6,283	6,333	6,382	6,504	0	0	0
Other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	433	144	-300	-	1,099	895	677	642	-2,733	-2,267	-1,719	-1,035	1,114	1,614	1,339	1,235	1,535	1,556	2,543	2,458	2,023	0	0	-	0	-	-	-	-
Deposit insurance assessments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	5,290	7,243	0	0	0
Settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Other noninterest expense
12,902	12,787	13,250	14,356	14,378	14,959	18,132	16,587	15,782	14,647	10,317	11,178	12,264	13,284	15,241	16,186	16,277	16,598	15,852	15,643	15,760	15,847	15,876	16,187	16,456	16,763	17,599	17,760	18,280	18,794	21,363	22,671	22,318	21,610	23,305	21,649	21,987	22,342	19,177	20,302	0	0	0
Total Noninterest Expense
98,467	98,986	100,564	105,897	106,077	106,916	115,772	110,520	109,175	107,768	97,702	99,676	100,509	101,752	102,679	102,764	104,431	105,300	106,149	106,592	106,653	106,799	108,433	109,575	110,810	112,614	112,860	114,371	115,528	116,885	119,315	121,429	126,389	127,678	128,528	128,653	126,439	127,147	130,785	137,943	0	0	0
Income Before Income Taxes
102,064	105,216	103,311	97,544	94,593	90,997	89,819	89,676	89,075	87,172	82,983	83,532	80,877	79,957	79,406	77,285	76,807	76,672	77,080	77,438	78,001	78,953	79,544	81,293	83,891	86,122	90,720	95,526	99,997	106,557	111,794	116,274	118,579	120,816	123,492	125,435	129,125	131,422	133,492	133,069	0	0	0
Provision for income taxes
24,359	24,827	24,595	22,225	20,889	19,433	33,150	34,983	36,593	37,147	22,665	22,603	21,201	21,104	20,428	19,078	18,385	17,919	17,877	17,938	18,105	18,307	17,870	18,035	18,678	18,945	20,463	21,985	22,604	25,430	27,998	30,068	32,068	32,928	33,678	34,344	35,742	36,845	37,389	37,492	0	0	0
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	96,103	95,577	0	0	0
Preferred stock dividends and discount accretion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net Income Applicable to Common Equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
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
17,626	17,882	18,003	18,108	18,260	18,508	18,767	19,141	19,441	19,612	19,921	20,235	20,529	20,854	21,049	21,327	21,782	22,241	22,851	23,477	23,888	24,191	24,588	24,814	25,161	25,693	26,149	26,563	27,138	27,691	27,964	28,547	29,097	29,523	30,512	31,244	32,296	33,517	35,012	35,966	0	0	0
Credit Card, Merchant Discount [Member]
Noninterest income revenue
9,932	10,132	10,150	10,120	9,768	9,630	9,535	9,224	8,971	8,426	7,758	7,137	6,723	6,377	6,067	6,020	6,165	6,339	6,704	6,961	6,998	7,219	7,544	7,953	8,546	9,031	9,374	9,634	9,750	9,734	9,849	9,796	9,658	9,436	9,346	9,222	9,007	9,057	8,794	8,783	0	0	0
Debit Card [Member]
Noninterest income revenue
6,318	6,357	6,473	6,488	6,545	6,643	6,529	6,657	6,545	6,421	6,417	6,220	6,255	6,290	6,280	6,231	6,144	6,084	6,006	6,011	6,011	5,960	6,008	5,932	5,876	5,829	5,660	5,501	5,368	5,173	5,019	4,980	4,918	4,956	4,963	4,953	4,915	4,888	4,945	5,009	0	0	0
Fiduciary and Trust [Member]
Noninterest income revenue
3,023	2,963	2,935	2,935	2,912	2,938	2,941	2,926	2,916	2,875	2,818	2,786	2,727	2,686	2,676	2,672	2,687	2,732	2,744	2,691	2,634	2,582	2,491	2,429	2,399	2,313	2,272	2,245	2,157	2,078	2,006	1,898	1,883	1,887	1,854	1,851	1,817	1,705	1,577	1,521	0	0	0
ATM Processing Fees [Member]
Noninterest income revenue
2,722	2,776	2,783	2,745	2,721	2,752	2,746	2,743	2,699	2,610	2,463	2,379	2,328	2,411	2,430	2,446	2,470	2,397	2,410	2,431	2,438	2,473	2,522	2,586	2,673	2,758	2,876	2,957	3,168	3,396	3,550	3,748	3,813	3,815	3,844	3,868	3,892	3,848	3,881	3,890	0	0	0
Financial Service, Other [Member]
Noninterest income revenue
2,184	2,255	2,363	2,448	2,513	2,567	2,566	2,553	2,565	2,584	2,585	2,604	2,592	2,571	2,598	2,620	2,653	2,689	2,714	2,716	2,721	2,717	2,716	2,737	2,745	2,846	2,903	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Financial Services Commission [Member]
Noninterest income revenue
416	392	381	438	486	499	541	557	558	639	642	612	607	568	578	637	698	695	699	716	739	757	803	759	822	831	763	788	698	689	706	642	565	423	421	521	627	747	712	638	0	0	0