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WESTAMER BANCP   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2018201720162015201420132012201120102009
Period End Date12/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/201112/31/201012/31/2009
Loans59.0361.7469.1478.4489.06102.63130.82160.67177.22189.80
Money market assets and funds sold----------------0.000.00
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 sale60.3844.3734.0131.2624.7421.8219.8121.5916.7716.55
Investment securities held to maturity24.0327.4330.6426.8326.4129.9532.7325.7127.1635.60
Equity Securities0.350.290.27--------------
Interest Bearing Cash7.934.481.87--------------
Total Interest and Loan Fee Income151.72138.31135.92136.53140.21154.40183.36207.98221.16241.95
Savings deposits--------------------
Time deposits--------------------
Deposits1.921.862.082.372.893.354.286.818.7214.55
Transaction deposits--------------------
Federal Home Loan Bank advances------0.000.410.480.480.520.441.01
Short-term borrowed funds0.040.040.040.050.090.080.080.220.460.75
Debt financing and notes payable----------0.670.800.801.691.69
Term repurchase agreement--------0.060.100.100.041.531.38
Total Interest Expense1.961.902.122.423.444.675.748.3812.8419.38
Net Interest Income149.76136.41133.80134.11136.77149.73177.62199.60208.32222.57
Provision for credit losses--(1.90)(3.20)--2.808.0011.2011.2011.2010.50
Net Interest Income After Provision For Credit Losses149.76138.31137.00134.11133.97141.73166.42188.40197.12212.07
Financial services commissions0.500.640.570.700.760.830.690.420.750.58
Service charges on deposit accounts18.5119.6120.8522.2424.1925.6927.6929.5233.5236.39
Securities gains (losses)(0.05)7.96----------------
Securities impairment--------------------
Loss on sale of securities------------(1.29)------
Net losses from equity securities--------------------
Trust fees2.942.882.692.732.582.312.081.891.711.43
Mortgage banking--------------------
Merchant credit card9.638.436.386.347.229.039.739.449.069.07
Debit card6.646.426.296.085.965.835.174.964.894.88
ATM fees and interchange2.752.612.412.402.472.763.403.823.853.69
Other non-interest (loss) income4.085.514.824.695.897.716.757.237.517.13
Loss on extinguishment of debt--------------------
Sale of real estate--------------------
Life insurance proceeds0.59------------------
Gain on acquisition----------------0.1848.84
Other service fees2.572.582.572.692.722.852.802.83----
Total Noninterest Income48.1556.6346.5747.8751.7957.0157.0260.1061.45112.01
Salaries and related benefits53.0151.5251.5152.1954.7856.6357.3958.5061.7565.39
Occupancy19.6819.4319.0219.3914.9915.1415.4616.2115.6318.75
FDIC insurance assessments------------------6.26
Amortization of Intangibles1.923.083.503.864.274.705.375.986.336.70
Other real estate owned--------(0.64)1.041.242.460.900.62
Furniture and Equipment--------4.173.873.783.844.335.86
Other14.9614.6515.1516.6015.8516.7618.7921.6122.3420.66
Data processing9.239.048.518.448.418.558.538.848.969.00
Professional fees2.842.163.982.492.353.063.224.803.383.58
Courier service1.781.731.952.332.622.873.123.343.503.81
Visa litigation expense--------------------
Settlements--------------2.100.040.16
Loss contingency3.505.540.00--------------
Impairment of tax credit investments--0.63----------------
Total Noninterest Expense106.92107.77103.62105.30106.80112.61116.89127.68127.15140.78
Income Before Income Taxes91.0087.1779.9676.6778.9586.12106.56120.82131.42183.30
Provision for income taxes19.4337.1521.1017.9218.3118.9525.4332.9336.8557.88
Current income tax expense: Federal10.561.7816.269.6511.9513.9822.3718.3934.5327.60
Current income tax expense: State9.827.817.296.747.808.6011.4613.3213.0814.20
Deferred income tax benefit: Federal(0.21)14.46(2.60)1.64(1.22)(2.52)(7.28)1.84(10.16)11.88
Deferred income tax benefit: State(0.74)0.780.16(0.11)(0.23)(1.11)(1.11)(0.63)(0.61)4.20
Net Income71.5650.0358.8558.7560.65--81.1387.8994.58125.43
Preferred stock dividends and discount accretion------------------3.96
Net income applicable to common equity71.5650.0358.8558.7560.6567.1881.1387.8994.58121.46
Net Earnings Per Share (Basic)2.691.902.302.302.322.502.933.073.244.17
Net Earnings Per Share (Diluted)2.671.892.292.302.322.502.933.063.214.14
Average Shares Outstanding26.6526.2925.6125.5626.1026.8327.6528.6329.1729.11
Diluted Average Shares Outstanding26.7626.4225.6825.5826.1626.8827.7028.7429.4729.35