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WESTAMER BANCP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Loans57.5659.3858.1559.0361.7469.1478.4489.06102.63130.82
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 sale105.4291.3474.1560.3844.3734.0131.2624.7421.8219.81
Investment securities held to maturity8.8813.5519.0024.0327.4330.6426.8326.4129.9532.73
Equity Securities0.460.420.390.350.290.27--------
Interest Bearing Cash1.131.176.997.934.481.87--------
Total Interest and Loan Fee Income173.44165.86158.68151.72138.31135.92136.53140.21154.40183.36
Savings deposits--------------------
Time deposits--------------------
Deposits1.881.771.851.921.862.082.372.893.354.28
Transaction deposits--------------------
Federal Home Loan Bank advances------------0.000.410.480.48
Short-term borrowed funds0.080.050.030.040.040.040.050.090.080.08
Debt financing and notes payable----------------0.670.80
Other borrowed funds0.000.000.000.00------------
Term repurchase agreement--------------0.060.100.10
Total Interest Expense1.961.821.891.961.902.122.423.444.675.74
Net Interest Income171.49164.03156.79149.76136.41133.80134.11136.77149.73177.62
Provision for credit losses0.004.300.000.00(1.90)(3.20)--2.808.0011.20
Net Interest Income After Provision For Credit Losses171.49159.73156.79149.76138.31137.00134.11133.97141.73166.42
Financial services commissions0.360.370.390.500.640.570.700.760.830.69
Service charges on deposit accounts13.7014.1517.8818.5119.6120.8522.2424.1925.6927.69
Securities gains (losses)0.030.070.22(0.05)7.96----------
Securities impairment--------------------
Loss on sale of securities------------------(1.29)
Net losses from equity securities--------------------
Trust fees3.313.012.962.942.882.692.732.582.312.08
Mortgage banking--------------------
Merchant credit card12.0010.2110.139.638.436.386.347.229.039.73
Debit card6.866.186.366.646.426.296.085.965.835.17
ATM fees and interchange2.282.272.782.752.612.412.402.472.763.40
Other non-interest (loss) income2.934.004.004.085.514.824.695.897.716.75
Loss on extinguishment of debt--------------------
Sale of real estate--3.54----------------
Gain on acquisition--------------------
Other service fees1.881.842.262.572.582.572.692.722.852.80
Life Insurance Gains0.000.000.430.59------------
Total Noninterest Income43.3545.6447.4148.1556.6346.5747.8751.7957.0157.02
Salaries and related benefits48.0150.7551.0553.0151.5251.5152.1954.7856.6357.39
Occupancy19.1419.6420.2419.6819.4319.0219.3914.9915.1415.46
FDIC insurance assessments--------------------
Amortization of Intangibles0.270.290.541.923.083.503.864.274.705.37
Other real estate owned--------------(0.64)1.041.24
Furniture and Equipment--------------4.173.873.78
Other15.3614.0412.7914.9614.6515.1516.6015.8516.7618.79
Data processing9.609.439.479.239.048.518.448.418.558.53
Professional fees3.252.422.472.842.163.982.492.353.063.22
Courier service2.182.001.881.781.731.952.332.622.873.12
Visa litigation expense--------------------
Settlements--------------------
Loss contingency----0.553.505.540.00--------
Impairment of tax credit investments--------0.63----------
Total Noninterest Expense97.8198.5798.99106.92107.77103.62105.30106.80112.61116.89
Income Before Income Taxes117.03106.80105.2291.0087.1779.9676.6778.9586.12106.56
Provision for income taxes30.5226.3924.8319.4337.1521.1017.9218.3118.9525.43
Current income tax expense: Federal------10.561.7816.269.6511.9513.9822.37
Current income tax expense: State------9.827.817.296.747.808.6011.46
Deferred income tax benefit: Federal------(0.21)14.46(2.60)1.64(1.22)(2.52)(7.28)
Deferred income tax benefit: State------(0.74)0.780.16(0.11)(0.23)(1.11)(1.11)
Net Income86.5180.4180.3971.5650.0358.8558.7560.65--81.13
Preferred stock dividends and discount accretion--------------------
Net income applicable to common equity86.5180.4180.3971.5650.0358.8558.7560.6567.1881.13
Net Earnings Per Share (Basic)3.222.982.982.691.902.302.302.322.502.93
Net Earnings Per Share (Diluted)3.222.982.982.671.892.292.302.322.502.93
Average Shares Outstanding26.8626.9426.9626.6526.2925.6125.5626.1026.8327.65
Diluted Average Shares Outstanding26.8726.9627.0126.7626.4225.6825.5826.1626.8827.70