7Baggers
Quarterly
Annual
    Unit: USD2024-12-31 2019-03-31 2018-12-31 2014-09-30 2014-06-30 2014-03-31 2012-03-31 2010-03-31 
      
    		        
      operating activities:
    		        
      net income
    		31,700,000 19,646,000 19,055,000 15,154,000 15,157,000 15,307,000 21,005,000 23,576,000 
      adjustments to reconcile net income to net cash from operating activities:
    		        
      depreciation and amortization
    		   5,065,000 3,107,000 4,103,000 3,499,000 3,411,000 
      (reversal of) credit benefit from credit losses
    		        
      net amortization of deferred loan cost
    		       70,000 
      stock option compensation expense
    		339,000 541,000 413,000 309,000 341,000 359,000 435,000 360,000 
      bank owned life insurance gains
    		        
      net gain on sale of other assets
    		0        
      income taxes payable
    		        
      net changes in:
    		        
      interest income receivable
    		3,521,000        
      equity securities held for trading
    		        
      other assets
    		-1,116,000        
      net deferred tax asset
    		        
      interest expense payable
    		-149,000        
      other liabilities
    		-4,290,000        
      net cash from operating activities
    		29,773,000 23,437,000 16,205,000 12,758,000 11,792,000 33,746,000 32,959,000 35,334,000 
      capex
    		0 0 0 0 0 0 -1,940,000 -258,000 
      free cash flows
    		29,773,000 23,437,000 16,205,000 12,758,000 11,792,000 33,746,000 31,019,000 35,076,000 
      investing activities:
    		        
      net repayments of loans
    		13,045,000 1,836,000 -10,609,000 50,734,000 32,783,000 9,598,000 95,748,000 89,819,000 
      purchases of debt securities available for sale
    		-7,099,000 -219,414,000 -220,442,000      
      proceeds from maturity/calls of debt securities available for sale
    		        
      proceeds from maturity/calls of debt securities held to maturity
    		7,214,000 57,461,000 39,451,000      
      proceeds from bank owned life insurance policies
    		        
      proceeds from sale of other assets
    		0        
      purchases of premises and equipment
    		-667,000 -393,000 -293,000 -696,000 -1,530,000 -166,000   
      net cash from investing activities
    		144,826,000 50,226,000 -128,511,000 -61,313,000 63,481,000 -107,305,000 9,228,000 123,084,000 
      financing activities:
    		        
      net change in deposits
    		-53,200,000 -74,255,000 31,002,000 108,258,000 -1,374,000 51,063,000 -716,000  
      net change in short-term borrowings
    		-12,165,000 7,070,000 -10,509,000   1,620,000 -9,005,000  
      exercise of stock options
    		1,189,000  128,000 218,000    3,697,000 
      retirement of common stock
    		0  0      
      common stock dividends paid
    		-11,742,000 -10,745,000 -10,691,000 -9,868,000 -9,973,000 -10,086,000 -10,394,000  
      net cash from financing activities
    		-76,050,000 -72,159,000 9,930,000 87,989,000 -19,209,000 30,371,000 -31,130,000 -266,324,000 
      net change in cash and due from banks
    		98,549,000 1,504,000 -102,376,000 39,434,000 56,064,000 -43,188,000 11,057,000  
      cash and due from banks at beginning of period
    		0 420,284,000 0 0 0 472,028,000 530,045,000  
      cash and due from banks at end of period
    		98,549,000 421,788,000 -102,376,000 39,434,000 56,064,000 428,840,000 541,102,000  
      supplemental cash flow disclosures:
    		        
      supplemental disclosure of non cash activities:
    		        
      right-of-use assets acquired in exchange for operating lease liabilities
    		517,000 19,444,000       
      securities purchases pending settlement
    		   28,159,000 -14,306,000 -11,231,000   
      supplemental disclosure of cash flow activities:
    		        
      cash paid for amounts included in operating lease liabilities
    		1,636,000 1,750,000       
      interest paid for the period
    		3,615,000 486,000 492,000 1,002,000 970,000 987,000 1,642,000 4,457,000 
      income tax payments for the period
    		14,500,000  6,599,000 3,227,000    3,500,000 
      see accompanying notes to unaudited consolidated financial statements.
    		        
      depreciation and amortization/accretion
    		 4,809,000       
      (reversal of) benefit from credit losses
    		        
      amortization of deferred loan cost
    		        
      net change in:
    		        
      deferred income taxes
    		        
      deposits
    		        
      short-term borrowings
    		        
      net amortization of deferred net loan cost
    		        
      life insurance gains
    		0  0      
      deferred tax asset
    		        
      proceeds from life insurance policies
    		0        
      net change in borrowings
    		        
      supplemental disclosure of noncash activities:
    		        
      debt securities available for sale:
    		        
      agency residential mortgage-backed securities
    		-11,324,000 945,117,000       
      agency commercial mbs
    		 1,860,000       
      securities of u.s. government sponsored entities
    		608,000 167,234,000  102,042,000 10,851,000 329,589,000   
      obligations of states and political subdivisions
    		-1,123,000 169,947,000  485,000 -3,882,000 180,011,000   
      corporate securities
    		-25,971,000 1,323,850,000  28,143,000 35,901,000 406,526,000   
      collateralized loan obligations
    		-96,597,000        
      total debt securities available for sale
    		-127,247,000 2,718,210,000       
      debt securities held to maturity:
    		        
      agency residential mbs
    		-4,818,000 427,387,000       
      total debt securities held to maturity
    		-5,627,000 923,190,000       
      total
    		-132,874,000 3,641,400,000  118,005,000 31,588,000 1,224,775,000   
      provision (reversal of provision) for credit losses
    		        
      net amortization of deferred loan fees
    		84,000   -45,000 -104,000 -30,000 -126,000  
      securities losses
    		        
      income taxes (receivable) payable
    		-2,397,000        
      net deferred taxes
    		        
      proceeds from sale/maturity/calls of debt securities available for sale
    		132,333,000 210,429,000 62,664,000      
      purchases of debt securities held to maturity
    		        
      purchase of federal reserve bank stock
    		        
      proceeds from redemption of federal reserve bank stock
    		        
      excise tax on 2023 net common stock repurchases
    		        
      u.s. treasury securities
    		62,000 109,000,000  0 0 3,499,000   
      adjustments to reconcile net income to net cash provided by operating activities:
    		        
      provision (reversal of credit provision) for credit losses
    		        
      purchases of federal reserve bank stock
    		        
      amortization of deferred loan fees
    		        
      net amortization of deferred net loan fees
    		 -215,000       
      reversal of benefit from credit losses
    		        
      reversal of credit benefit from credit losses
    		        
      debt securities available for sale
    		        
      debt securities held to maturity
    		        
      benefit from credit losses
    		        
      securities gains
    		        
      gains on sales of premises and equipment
    		        
      gain on disposal of premises and equipment
    		        
      net deferred tax liability
    		        
      net repayments (disbursements) of loans
    		        
      proceeds from sale of premises and equipment
    		        
      proceeds from sale of foreclosed assets
    		 307,000 286,000 1,469,000 3,921,000 2,159,000   
      assets:
    		        
      allowance for credit losses on loans:
    		        
      commercial
    		        
      commercial real estate
    		        
      construction
    		        
      residential real estate
    		        
      consumer and other installment loans
    		        
      unallocated
    		        
      allowance for credit losses on debt securities held to maturity
    		        
      liabilities:
    		        
      allowance for credit losses for unfunded commitments
    		        
      adjustments to reconcile net income to net cash provided by operating activities:
    		        
      amortized
    		        
      cost
    		        
      securities of u.s. government entities
    		 1,091,000       
      decrease in interest income receivable
    		 1,887,000  1,432,000     
      increase in income taxes payable
    		 1,575,000 -206,000 -1,094,000 -5,298,000 5,232,000 7,386,000 12,593,000 
      increase in deferred tax asset
    		     -756,000   
      increase in other assets
    		 -1,952,000 -2,730,000   -185,000 -4,655,000 -8,655,000 
      increase in interest expense payable
    		 8,000  -101,000 -6,000 5,000 149,000 -66,000 
      increase in other liabilities
    		  -4,373,000  -1,360,000 8,507,000 1,771,000 1,108,000 
      proceeds from sale of equity securities
    		        
      amount recognized upon initial adoption of asu 2016-02
    		        
      credit loss provision
    		        
      decrease (increase) in interest income receivable
    		     643,000 733,000 258,000 
      net (disbursements) repayments of loans
    		        
      non-agency residential mbs
    		 111,000       
      increase in interest income receivable
    		  -2,100,000      
      increase in net deferred tax asset
    		  402,000 2,605,000     
      decrease in interest expense payable
    		        
      securities (gains) losses
    		        
      net gain on sale of or write-down of foreclosed assets
    		        
      amount recognized upon initial adoption of asu 2016-02 included above
    		 15,325,000       
      liabilities
    		        
      income taxes receivable
    		        
      allowance for credit losses on loans
    		        
      decrease in deferred tax asset
    		        
      exercise of stock options/issuance of shares
    		 5,771,000    10,853,000 641,000  
      loan collateral transferred to other real estate owned
    		   0 0 968,000  6,092,000 
      allowance for credit losses
    		        
      labilities
    		        
      reversal of benefit from loan losses
    		        
      decrease (increase) in net deferred tax asset
    		        
      gain on sale of other assets
    		   0 0 -400,000 -150,000  
      (gain) loss on disposal of premises and equipment
    		        
      net (gain) loss on sale of or write-down of foreclosed assets
    		        
      net payments under fdic indemnification agreements
    		        
      see accompanying notes to consolidated financial statements.
    		        
      federal deposit insurance corporation
    		        
      benefit from loan losses
    		        
      equity securities (gains) losses
    		 -24,000       
      net writedown of premises and equipment
    		        
      net gain on sale of foreclosed assets
    		   -204,000 -317,000 -493,000 -1,779,000  
      writedown of foreclosed assets
    		   5,000 39,000 69,000 1,712,000  
      increase in income taxes receivable
    		        
      decrease (increase) in deferred tax asset
    		 3,175,000       
      decrease in other liabilities
    		 -6,013,000       
      writedown of premises and equipment
    		        
      at march 31, 2019
    		        
      tax benefit increase upon exercise and expiration of stock options
    		        
      equity securities losses
    		  -14,000      
      gain on sale of securities
    		        
      proceeds from life insurance
    		  -14,000      
      taxes paid by withholding shares for tax purposes
    		        
      at december 31, 2018
    		        
      net amortization of deferred loan (fees) cost
    		        
      life insurance premiums paid
    		        
      net change in frb stock
    		        
      - 8 -
    		        
      net amortization of deferred loan (fees) costs
    		        
      decrease in income taxes receivable
    		        
      decrease in other assets
    		   -36,000     
      net increase in deposits
    		        
      loan loss provision
    		   600,000 1,000,000 1,000,000 2,800,000 2,800,000 
      tax benefit decrease upon exercise of stock options
    		   51,000 27,000 369,000   
      net income on sale of premises and equipment
    		   5,000     
      originations of mortgage loans for resale
    		        
      proceeds from sale of mortgage loans originated for resale
    		        
      proceeds from fdic1 loss-sharing indemnification
    		   0     
      purchases of investment securities available for sale
    		   -365,507,000 -144,175,000 -237,948,000 -25,418,000 -53,537,000 
      proceeds from sale/maturity/calls of securities available for sale
    		   219,129,000 126,427,000 99,350,000 31,317,000  
      purchases of investment securities held to maturity
    		   -8,062,000 -380,000 -17,993,000 -151,958,000  
      proceeds from maturity/calls of securities held to maturity
    		   41,620,000 39,776,000 34,403,000 48,123,000 36,350,000 
      net change in frb2/fhlb3 securities
    		   0     
      net change in short-term borrowings and fhlb3 advances
    		   -2,113,000     
      retirement of common stock including repurchases
    		   -8,455,000 -13,645,000 -22,710,000 -11,660,000  
      residential mortgage-backed securities
    		   -1,802,000 -1,778,000 30,154,000   
      commercial mortgage-backed securities
    		   -97,000 -98,000 3,216,000   
      residential collateralized mortgage obligations
    		   -10,458,000 -9,066,000 259,615,000   
      asset-backed securities
    		   -308,000 -340,000 9,322,000   
      fhlmc and fnma stock
    		   0 0 804,000   
      other securities
    		   0 0 2,039,000   
      writedown/loss on sale of premises and equipment
    		     16,000   
      proceeds from fdic* loss-sharing agreement
    		     44,000 2,628,000  
      proceeds from sale of frb/fhlb** stock
    		     3,248,000 451,000  
      tax benefit increase upon exercise of stock options
    		      -4,000  
      loss on sale of securities available for sale
    		        
      net writedown (gain) on sale of premises and equipment
    		        
      net proceeds from sale of mortgage loans originated for resale
    		        
      repurchases/retirement of stock
    		       -4,804,000 
      dividends paid
    		       -10,536,000 
      westamerica bancorporation
    		        
      consolidated statements of cash flows
    		        
      decrease in deferred taxes receivable
    		      183,000  
      loss on sale of property and equipment
    		        
      proceeds from sale of property acquired in satisfaction of debt
    		      10,277,000 4,860,000 
      purchases of property, plant and equipment
    		      -1,940,000 -258,000 
      supplemental disclosure of noncash activities: loan collateral transferred to other real estate owned
    		      1,583,000  
      * federal deposit insurance corporation
    		        
      ** federal reserve bank/federal home loan bank
    		        
      gain on acquisition
    		        
      decrease in net deferred tax asset
    		        
      stock option tax benefits
    		       -259,000 
      net gain on sale of premises and equipment
    		        
      proceeds from fdic* loss-sharing indemnification
    		        
      proceeds from maturity/calls of securities available for sale
    		       22,621,000 
      net change in frb**/fhlb*** securities
    		        
      net cash acquired from acquisitions
    		        
      net change in short-term borrowings and fhlb advances
    		        
      repayments of notes payable and debt financing
    		        
      acquisitions:
    		        
      assets acquired
    		        
      liabilities assumed
    		        
      net
    		        
      increase in deferred taxes
    		        
      decrease (increase) in other assets
    		        
      excess tax benefits from stock-based compensation
    		        
      loss on sale and impairment of investment securities
    		        
      gain on sale of visa common stock
    		        
      gain on sale of real estate and other assets
    		        
      net (gain) loss on sales/write-down of fixed assets
    		        
      net write-down/(gain)loss on sale of foreclosed assets
    		        
      investing activities
    		        
      proceeds from fdic loss-sharing agreement
    		       19,863,000 
      net cash acquired from acquisition
    		        
      purchases of securities held to maturity
    		        
      proceeds from sale of branch, property and equipment
    		        
      purchases of frb/fhlb* securities
    		        
      proceeds from sale of frb/fhlb/fhlmc* securities
    		        
      proceeds from sale of visa common stock
    		        
      financing activities
    		        
      repayments of notes payable
    		        
      proceeds from issuance of preferred stock and warrants
    		        
      redemption of preferred stock
    		        
      preferred stock dividends
    		        
      cash and due from banks at beginning of year
    		        
      cash and due from banks at end of year
    		        
      supplemental disclosures:
    		        
      loans transferred to other real estate owned
    		        
      increase in unrealized gains on securities available for sale, net of tax
    		        
      supplemental disclosure of cash flow activity:
    		        
      *
    		        
      net (gain on sale) writedown of property and equipment
    		        
      proceeds from fdic loss-sharing indemnification
    		        
      net change in frb/fhlb* securities
    		        
      proceeds from sale of property, plant and equipment
    		       603,000 
      proceeds from issuance of preferred stock
    		        
      preferred dividends
    		        
      net change in cash and cash equivalents
    		        
      unrealized gain on securities available for sale
    		       1,073,000 
      gain on sale of property and equipment
    		       -463,000 
      net gain on sale of property acquired in satisfaction of debt
    		       352,000 
      writedown of property acquired in satisfaction of debt
    		       249,000 
      proceeds from sale of frb/fhlb* stock
    		       2,763,000 
      net decrease in deposits
    		       -164,280,000 
      net decrease in short-term borrowings
    		       -90,660,000 
      net increase in cash and cash equivalents
    		       -107,906,000 
      cash and cash equivalents at beginning of period
    		       361,135,000 
      cash and cash equivalents at end of period
    		       253,229,000 
      increase increase in other liabilities
    		        
      gain on sale of branch
    		        
      net income on sales/write-down of fixed assets
    		        
      originations of loans for resale
    		        
      net proceeds from sale of loans originated for resale
    		        
      net write-down/loss on sale of property acquired in satisfaction of debt
    		        
      proceeds from sale of property and equipment
    		        
      net increase in short-term borrowings
    		        
      cash and cash equivalents at beginning of year
    		        
      cash and cash equivalents at end of year
    		        
      unrealized gain on securities available for sale, net of tax
    		        
      fas 141r gain
    		        
      impairment of investment securities
    		        
      writedown of property and equipment
    		        
      proceeds from sale of securities available for sale
    		        
      decrease in income taxes payable
    		        
      proceeds from fdic loss-sharing receivable
    		        
      net write-down of property acquired in satisfaction of debt
    		        
      proceeds from sale of other real estate owned
    		        
      supplemental disclosure of cash flow activity: interest paid for the period
    		        
      net amortization of loan fees, net of cost
    		        
      loss on sale of securities
    		        
      net write-down (gain on sale) of property acquired in satisfaction of debt
    		        
      net cash issued in mergers and acquisitions
    		        
      proceeds from maturity/sale of money market assets
    		        
      purchases of frb/fhlb securities
    		        
      proceeds from sale of frb/fhlb securities
    		        
      the acquisition of redwood empire bancorp involved the following:
    		        
      cash issued
    		        
      common stock issued
    		        
      fair value of liabilities assumed
    		        
      fair value of assets acquired, other than cash and cash equivalents
    		        
      core deposit intangible
    		        
      customer based intangible — merchant draft processing
    		        
      goodwill
    		        
      net cash received
    		        
      loss on extinguishment of debt
    		        
      net cash provided (used) in investing activities
    		        
      repayments to the federal home loan bank
    		        
      excess tax benefit from stock-based compensation
    		        
      net cash (used) provided by financing activities
    		        
      depreciation and amortization of fixed assets
    		        
      amortization of intangibles and other assets
    		        
      net (amortization) deferral of loan fees, net of cost
    		        
      gain on sale of real estate
    		        
      write-downs of other real estate owned
    		        
      (repayments) advances of notes payable
    		        
      unrealized loss on securities available for sale
    		        
      tax benefit from stock option exercises
    		        
      amortization of deferred net loan (cost) fees
    		        
      gain on other assets
    		        
      net cash obtained in mergers and acquisitions
    		        
      purchases of money market assets
    		        
      advances from the federal home loan bank
    		        
      depreciation of fixed assets
    		        
      amortization of deferred net loan fees
    		        
      net gainon sales/write-down of fixed assets
    		        
      repayments to the fhlb
    		        
      advances from the fhlb
    		        
      advances (repayments) of notes payable
    		        
      the acquisition of kerman state bank involved the following:
    		        
      net gain on sales/write-down of fixed assets
    		        
      proceeds from maturity of securities available for sale
    		        
      proceeds from maturity of securities held to maturity
    		        
      net increase in fhlb advances
    		        
      the acquisition of first counties bank involved the following:
    		        
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.