WEST BANCORPORATION INC WTBA Income Statement

West bancorporation inc (WTBA)

Income statement / 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	Sep'10	Jun'10
Interest income:
Loans, including fees
22,311	21,813	22,203	21,108	20,388	19,200	18,347	17,168	16,474	16,377	15,854	16,042	14,969	14,752	14,898	14,303	13,466	13,622	13,313	12,999	12,622	12,504	11,934	11,672	11,330	11,375	11,382	11,327	10,908	10,953	10,928	11,206	11,190	11,539	11,674	11,634	11,793	13,285	13,525
Investment securities:
Taxable
2,383	2,626	2,445	2,632	2,328	2,129	2,296	1,886	1,813	1,746	1,489	1,239	1,027	979	991	1,076	1,155	1,179	1,017	1,042	1,125	1,145	1,191	1,272	1,330	1,389	1,366	1,319	1,099	1,023	1,118	1,128	971	910	1,043	1,126	1,114	1,057	1,140
Tax-exempt
297	347	353	485	837	1,126	1,199	1,306	1,362	1,286	1,081	815	778	784	780	819	883	838	789	756	764	783	721	698	676	680	676	599	502	469	471	511	503	529	549	570	604	726	836
Federal funds sold
229	291	611	110	98	151	78	177	81	108	136	70	17	50	27	11	20	21	28	22	10	2	14	19	10	20	20	16	63	62	36	51	42	64	43	66	61	116	183
Total interest income
25,220	25,077	25,612	24,335	23,651	22,606	21,920	20,537	19,730	19,517	18,560	18,166	16,791	16,565	16,696	16,209	15,524	15,660	15,147	14,819	14,521	14,434	13,860	13,661	13,346	13,464	13,444	13,261	12,572	12,507	12,553	12,896	12,706	-	13,309	13,396	-	-	-
Interest expense:
Deposits
5,046	5,809	6,771	6,670	5,964	5,486	4,768	3,798	3,012	2,538	2,108	1,781	1,195	990	872	824	705	563	500	551	571	575	592	637	622	822	854	858	879	931	1,054	1,271	1,279	-	-	-	-	-	-
Federal funds purchased
16	22	17	115	87	48	61	52	27	17	13	23	46	43	1	1	2	40	2	2	2	3	2	2	4	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,572	15,184	15,684
Demand deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	480	409	420	513	628
Savings deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	275	304	284	683	1,433
Time deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	980	1,030	1,161	1,838	1,912
Federal funds purchased and securities sold under agreements to repurchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	23	26	27	25	23	29	37	43	42	43	46	52	62
Short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	17	14	-	5	1	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	3	9	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Subordinated notes
255	257	258	256	252	257	287	284	248	234	232	223	212	195	169	177	187	179	179	176	171	166	242	173	173	177	180	177	177	183	189	186	193	184	177	178	176	371	367
Federal Home Loan Bank advances
1,309	-	1,300	-	1,273	-	930	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt
130	-	-	-	186	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Home Loan Bank advances
-	-	-	1,093	-	-	-	907	832	999	972	948	917	920	894	879	872	730	698	673	724	669	660	652	647	662	668	662	665	996	1,030	1,019	1,019	-	-	-	-	-	-
Interest Expense, Long-term Debt
-	-	150	163	-	178	187	197	195	185	204	98	32	31	31	38	45	49	57	62	64	64	72	78	83	90	93	5	0	-	0	0	-	-3,057	1,030	1,019	1,008	1,030	1,019
Total interest expense
6,756	7,690	8,496	8,297	7,762	6,950	6,233	5,238	4,314	3,973	3,529	3,073	2,402	2,140	1,975	1,936	1,825	1,529	1,441	1,465	1,558	1,502	1,571	1,545	1,538	1,764	1,818	1,728	1,748	2,135	2,296	2,505	2,528	2,855	2,984	2,983	3,095	4,487	5,421
Net interest income
18,464	17,387	17,116	16,038	15,889	15,656	15,687	15,299	15,416	15,544	15,031	15,093	14,389	14,425	14,721	14,273	13,699	14,131	13,706	13,354	12,963	12,932	12,289	12,116	11,808	11,700	11,626	11,533	10,824	10,372	10,257	10,391	10,178	10,187	10,325	10,413	10,477	10,697	10,263
Provision for loan losses
1,000	300	300	0	0	0	-400	0	150	0	0	0	0	100	200	500	200	450	200	200	0	500	100	150	0	0	-1,000	0	150	325	300	0	0	-400	0	450	500	2,000	1,400
Net interest income after provision for loan losses
17,464	17,087	16,816	16,038	15,889	15,656	16,087	15,299	15,266	15,544	15,031	15,093	14,389	14,325	14,521	13,773	13,499	13,681	13,506	13,154	12,963	12,432	12,189	11,966	11,808	11,700	12,626	11,533	10,674	10,047	9,957	10,391	10,178	10,587	10,325	9,963	9,977	8,697	8,863
Noninterest income:
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	631	600	-	632	619	596	675	663	651	620	684	713	714	679	733	747	735	708	773	768	738	730	825	864	805	750	867	820
Debit card usage fees
-	-	-	-	-	-	-	-	-	-	-	458	440	-	450	475	447	463	463	469	435	458	443	453	410	436	527	431	393	393	403	412	378	-	368	378	-	-	-
Service fee from SmartyPig, LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	253	794
Debit card usage fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	347	338	348
Trust services
-	-	-	-	-	-	-	-	-	-	-	436	392	-	355	294	297	342	302	317	325	314	363	332	318	254	266	238	239	222	201	190	204	191	175	207	219	210	198
Revenue from residential mortgage banking
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	457	376	226	-	212	226	511	960	816	581	747	-	358	-	-	-	-
Gains and fees on sales of residential mortgages
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	272	184	-	-
Gains and fees on sales of residential mortgages
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	571	286
Bank Owned Life Insurance Income
158	162	168	162	152	163	158	152	158	168	167	163	154	155	160	164	168	177	183	178	189	197	198	182	154	154	162	170	160	166	181	191	199	217	223	223	221	220	226
Loan swap fees
586	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain from bank-owned life insurance
-	-	-	-	-	-	-	-	-	0	0	0	307	0	0	0	443	0	0	0	0	-	-	-	-	-	-	-	-	-	0	841	-	0	0	0	637	420	0
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments
-6	-23	1	23	-88	-160	-78	-25	0	-97	197	229	-3	6	0	60	0	0	0	36	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	6	127	46	77	22	0	0	-	-
Realized investment securities gains (losses), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	506	0	0	0	0	0	0	279	-33	0	0	0	0	-	-
Realized investment securities gains, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	210	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
334	353	361	299	586	200	518	261	262	289	314	399	270	338	322	291	279	829	324	271	280	239	238	261	260	232	216	217	210	209	185	241	222	207	245	231	313	228	247
Total noninterest income
2,520	2,042	2,158	1,999	2,119	1,702	2,114	2,023	1,913	1,908	2,264	2,316	2,160	1,930	1,919	1,903	2,230	2,486	1,935	1,922	1,860	2,803	2,622	2,318	2,553	2,126	2,130	2,017	2,221	2,574	2,548	3,346	2,401	2,363	2,211	2,116	2,671	3,107	2,919
Noninterest expense:
Total other than temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117	188
Portion of loss recognized in other comprehensive income (loss) before taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net impairment losses recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117	188
Realized securities gains, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	-9
Investment securities (losses), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-101	-197
Salaries and employee benefits
5,284	5,466	5,440	5,424	5,460	4,729	4,774	4,775	4,513	4,417	4,430	4,449	4,337	4,087	4,154	4,234	4,256	4,014	4,056	4,005	3,990	4,027	3,961	3,987	4,111	3,795	4,007	3,986	3,969	3,639	3,686	3,571	3,636	3,596	3,373	3,170	3,055	2,813	2,775
Occupancy
1,360	1,399	1,379	1,344	1,233	1,265	1,250	1,258	1,223	1,091	1,087	1,131	1,097	1,061	1,038	983	951	1,015	1,031	1,010	1,049	1,058	1,072	1,024	1,011	989	984	1,000	933	907	880	875	857	864	841	821	816	806	796
Data processing
672	644	695	716	680	662	670	674	676	646	635	708	688	661	643	627	579	591	595	569	574	615	546	558	522	515	532	500	483	488	576	505	501	491	500	479	451	464	469
FDIC insurance
237	0	0	185	219	186	172	165	162	163	151	150	213	223	272	224	218	219	209	209	202	196	190	190	181	186	182	176	189	156	183	167	166	187	216	346	549	835	883
Other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,467	3	109	286	221	1,137	-15	16	263	240	906	82	953	1,650	93	187	-3	550
Professional fees
239	167	204	209	234	232	196	178	234	350	184	248	293	155	189	196	234	173	194	177	204	210	249	221	264	278	286	333	303	209	276	287	292	122	297	237	222	230	226
Director fees
234	251	233	258	251	256	248	261	249	253	240	246	211	216	202	230	240	239	226	228	188	189	183	189	153	-	145	158	-	-	-	-	-	-	-	-	-	-	-
Write-down of premises
-	-	0	0	-	-	0	333	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Miscellaneous losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	269	-	-	-	72	-	-	-	-	-	-	-	-	220	921
Consulting fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	191	121	186	-	98	-	-	-	-
Other expenses
1,637	1,649	1,585	1,614	1,467	1,856	1,251	1,314	1,230	1,112	1,293	1,240	1,204	1,134	1,495	1,325	1,321	1,379	1,238	1,245	1,239	1,757	1,182	1,086	1,205	813	1,140	1,277	1,281	1,078	1,072	1,381	1,145	1,133	1,343	1,230	1,196	1,216	1,146
Total noninterest expense
9,663	9,576	9,536	9,750	9,544	9,186	8,561	8,958	8,287	8,032	8,020	8,172	8,043	7,537	7,993	7,819	7,799	7,630	7,549	7,443	7,446	9,250	7,386	7,364	8,002	7,742	8,413	7,415	7,246	6,885	7,104	7,813	6,865	7,703	8,318	6,376	6,476	6,581	7,766
Income before income taxes
10,321	9,553	9,438	8,287	8,464	8,172	9,640	8,364	8,892	9,420	9,275	9,237	8,506	8,718	8,447	7,857	7,930	8,537	7,892	7,633	7,377	-	7,425	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,920	6,359	6,084	6,343	6,135	5,649	5,736	5,401	5,924	5,714	-	4,218	5,703	-	-	-
Income before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,172	5,122	3,819
Income taxes
2,232	1,946	1,912	1,629	1,565	945	2,507	1,600	1,508	5,226	2,870	2,872	2,400	2,687	2,634	2,381	2,234	2,596	2,466	2,361	2,274	147	2,362	2,181	1,959	1,802	1,980	1,837	1,701	1,837	1,649	1,541	1,737	1,515	1,135	1,780	1,642	1,181	1,216
Net Income (Loss) Attributable to Parent
8,089	7,607	7,526	6,658	6,899	7,227	7,133	6,764	7,384	4,194	6,405	6,365	6,106	6,031	5,813	5,476	5,696	5,941	5,426	5,272	5,103	5,838	5,063	4,739	4,400	4,282	4,363	4,298	3,948	3,899	3,752	4,383	3,977	3,732	3,083	3,923	4,530	3,941	2,603
Preferred stock dividends and accretion of discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,816	571	572	572
Net income available to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,732	3,083	2,107	3,959	3,369	2,031
Basic earnings per common share
0.49	0.46	0.46	0.41	0.42	0.43	0.44	0.42	0.46	0.25	0.40	0.39	0.38	0.38	0.36	0.34	0.35	0.36	0.34	0.33	0.32	0.35	0.32	0.30	0.28	0.27	0.27	0.25	0.23	0.22	0.22	0.25	0.23	-	0.18	0.12	-	-	-
Diluted earnings per common share
0.49	0.45	0.46	0.41	0.42	0.45	0.43	0.41	0.45	0.26	0.39	0.39	0.37	0.37	0.36	0.34	0.35	0.36	0.34	0.33	0.32	0.36	0.32	0.30	0.27	0.27	0.27	0.25	0.23	0.22	0.22	0.25	0.23	-	0.18	0.12	-	-	-
Basic and diluted earnings per common share
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.23	0.19	0.12
Cash dividends declared per common share
-	-	-	-	-	-	-	-	-	-	0.18	0.18	0.17	-	0.17	0.17	0.16	-	0.16	0.16	0.14	-	0.12	0.12	0.11	-	0.11	0.10	0.10	-	0.10	0.08	0.08	-	0.05	0.05	0.00	0.00	0.00
Service charges on deposit accounts [Member]
Revenue from contract with customer, including assessed tax
603	-	630	600	611	-	649	627	649	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debit card usage fees [Member]
Revenue from contract with customer, including assessed tax
382	409	426	434	375	427	422	433	399	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust services [Member]
Revenue from contract with customer, including assessed tax
463	490	572	481	483	456	445	575	445	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-