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WESTAMER BANCP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Loans45.2947.1249.6857.5659.3858.1559.0361.7469.1478.44
Money market assets and funds sold--------------------
Available for sale: Tax-exempt--------------------
Investment securities available for sale: Taxable--------------------
Investment securities held to maturity: Taxable--------------------
Investment securities held to maturity: Tax-exempt--------------------
Investment securities available for sale167.84190.04144.65105.4291.3474.1560.3844.6634.2831.26
Investment securities held to maturity34.5035.5619.108.8813.5519.0024.0327.4330.6426.83
Equity Securities0.720.630.540.460.420.390.35------
Interest Bearing Cash19.6710.677.791.131.176.997.93------
Total Interest and Loan Fee Income268.01284.01221.76173.44165.86158.68151.72133.84134.05136.53
Savings deposits--------------------
Time deposits--------------------
Deposits10.943.771.851.881.771.851.921.862.082.37
Transaction deposits--------------------
Federal Home Loan Bank advances------------------0.00
Short-term borrowed funds0.670.120.080.080.050.030.040.040.040.05
Debt financing and notes payable--------------------
Bank Term Funding Program borrowings5.81------------------
Other borrowed funds----0.000.000.00----------
Term repurchase agreement--------------------
Total Interest Expense17.423.891.931.961.821.891.961.902.122.42
Net Interest Income250.60280.12219.83171.49164.03156.79149.76131.94131.94134.11
Provision for credit losses0.30(1.15)0.000.004.30----(1.90)(3.20)--
Net Interest Income After Provision For Credit Losses250.30281.27219.83171.49159.73156.79149.76133.84135.14134.11
Financial services commissions--0.340.420.360.370.390.500.640.570.70
Service charges on deposit accounts14.0314.1714.4913.7014.1517.8818.5119.6120.8522.24
Securities gains (losses)--(0.13)--0.030.070.22(0.05)7.96----
Securities impairment--------------------
Loss on sale of securities--------------------
Net losses from equity securities--------------------
Trust fees3.323.123.223.313.012.962.942.882.692.73
Mortgage banking--------------------
Merchant credit card10.4511.2811.6212.0010.2110.139.638.436.386.34
Debit card6.857.197.886.866.186.366.646.426.296.08
ATM fees and interchange2.172.622.162.282.272.782.752.612.412.40
Other non-interest (loss) income4.372.892.602.934.004.004.085.514.824.69
Loss on extinguishment of debt--------------------
Sale of real estate--------------------
Gains on sales of real property--------3.54----------
Life insurance proceeds------------0.59------
Gain on acquisition--------------------
Other service fees1.771.771.811.881.842.262.572.582.572.69
Life Insurance Gains0.200.280.930.000.000.43--------
Total Noninterest Income43.1643.5245.1243.3545.6447.4148.1556.6346.5747.87
Salaries and related benefits50.2947.8746.1348.0150.7551.0553.0151.5251.5152.19
Occupancy20.6720.5219.8819.1419.6420.2419.6819.4314.1214.96
FDIC insurance assessments--------------------
Amortization of Intangibles------0.270.290.541.923.083.503.86
Other real estate owned----------------(0.48)0.50
Furniture and Equipment----------------4.904.43
Other13.7914.8212.7015.3614.0412.7914.9610.1713.7716.09
Data processing10.279.859.689.609.439.479.239.048.518.44
Professional fees1.471.752.633.252.422.472.842.163.982.49
Courier service2.712.652.612.182.001.881.781.731.952.33
Visa litigation expense--------------------
Settlements--------------------
Loss contingency----------0.553.505.54----
Impairment of tax credit investments--------------0.63----
Limited Partnership Operating Losses5.195.755.72--------------
Total Noninterest Expense104.39103.2299.3697.8198.5798.99106.92103.29101.75105.30
Income Before Income Taxes189.06221.58165.59117.03106.80105.2291.0087.1779.9676.67
Provision for income taxes50.4259.8143.5630.5226.3924.8319.4337.1521.1017.92
Current income tax expense: Federal--------15.9811.5710.561.7816.269.65
Current income tax expense: State--------10.659.609.827.817.296.74
Deferred income tax benefit: Federal--------(0.54)2.34(0.21)14.46(2.60)1.64
Deferred income tax benefit: State--------0.291.32(0.74)0.780.16(0.11)
Net Income138.64161.77122.0386.5180.4180.3971.5650.0358.85--
Preferred stock dividends and discount accretion--------------------
Net income applicable to common equity138.64161.77122.0386.5180.4180.3971.5650.0358.8558.75
Net Earnings Per Share (Basic)5.206.064.543.222.982.982.691.902.302.30
Net Earnings Per Share (Diluted)5.206.064.543.222.982.982.671.892.292.30
Average Shares Outstanding26.6926.7026.9026.8626.9426.9626.6526.2925.6125.56
Diluted Average Shares Outstanding26.6926.7126.9126.8726.9627.0126.7626.4225.6825.58