Condensed Financial Information of Parent Company Only Disclosure [Text Block] |
Note 19: Westamerica Bancorporation (Parent Company Only Condensed Financial Information) Statements of Income and Comprehensive Income | | For the Years Ended December 31, | | | 2018 | | 2017 | | 2016 | | | (In thousands) | Dividends from subsidiaries | | $ | 43,892 | | | $ | 12,728 | | | $ | 56,824 | | Interest income | | | 33 | | | | 43 | | | | 25 | | Other income | | | 9,447 | | | | 8,590 | | | | 8,315 | | Total income | | | 53,372 | | | | 21,361 | | | | 65,164 | | Interest on borrowings | | | - | | | | - | | | | - | | Salaries and benefits | | | 7,575 | | | | 7,163 | | | | 7,079 | | Other expense | | | 3,181 | | | | 3,416 | | | | 3,290 | | Total expense | | | 10,756 | | | | 10,579 | | | | 10,369 | | Income before taxes and equity in undistributed income of subsidiaries | | | 42,616 | | | | 10,782 | | | | 54,795 | | Income tax benefit | | | 919 | | | | 241 | | | | 1,025 | | Earnings of subsidiaries greater than subsidiary dividends | | | 28,029 | | | | 39,002 | | | | 3,033 | | Net income | | | 71,564 | | | | 50,025 | | | | 58,853 | | Other comprehensive loss, net of tax | | | (19,681 | ) | | | (6,758 | ) | | | (10,749 | ) | Comprehensive income | | $ | 51,883 | | | $ | 43,267 | | | $ | 48,104 | | Balance Sheets | | At December 31, | | | 2018 | | 2017 | | | (In thousands) | Assets | | | | | Cash | | $ | 72,878 | | | $ | 53,409 | | Investment securities available for sale | | | - | | | | - | | Investment in Westamerica Bank | | | 509,125 | | | | 500,776 | | Investment in non-bank subsidiaries | | | 455 | | | | 455 | | Premises and equipment, net | | | 10,400 | | | | 9,639 | | Accounts receivable from Westamerica Bank | | | 580 | | | | 538 | | Other assets | | | 36,990 | | | | 40,547 | | Total assets | | $ | 630,428 | | | $ | 605,364 | | Liabilities | | | | | | | | | Accounts payable to Westamerica Bank | | $ | 46 | | | $ | 92 | | Other liabilities | | | 14,791 | | | | 15,033 | | Total liabilities | | | 14,837 | | | | 15,125 | | Shareholders' equity | | | 615,591 | | | | 590,239 | | Total liabilities and shareholders' equity | | $ | 630,428 | | | $ | 605,364 | | Statements of Cash Flows | | For the Years Ended December 31, | | | 2018 | | 2017 | | 2016 | | | (In thousands) | Operating Activities | | | | | | | | | | | | | Net income | | $ | 71,564 | | | $ | 50,025 | | | $ | 58,853 | | Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | | | | | | Depreciation and amortization | | | 361 | | | | 319 | | | | 305 | | (Increase) decrease in accounts receivable from affiliates | | | (43 | ) | | | (16 | ) | | | 299 | | Increase in other assets | | | (2,638 | ) | | | (2,203 | ) | | | (1,940 | ) | Stock option compensation expense | | | 1,988 | | | | 1,824 | | | | 1,494 | | Tax benefit increase upon exercise of stock options and expiration of stock options | | | - | | | | - | | | | (394 | ) | Provision (benefit) for deferred income tax | | | 5,028 | | | | (3,971 | ) | | | 1,983 | | Increase in other liabilities | | | 978 | | | | 202 | | | | 1,392 | | Earnings of subsidiaries greater than subsidiary dividends | | | (28,029 | ) | | | (39,002 | ) | | | (3,033 | ) | Life insurance gains | | | (585 | ) | | | - | | | | - | | Gain on sales of premises and equipment | | | (538 | ) | | | (793 | ) | | | (79 | ) | Net Cash Provided by Operating Activities | | | 48,086 | | | | 6,385 | | | | 58,880 | | Investing Activities | | | | | | | | | | | | | Proceeds from life insurance | | | 1,169 | | | | - | | | | - | | Net Cash Provided by Investing Activities | | | 1,169 | | | | - | | | | - | | Financing Activities | | | | | | | | | | | | | Exercise of stock options/issuance of shares | | | 13,373 | | | | 24,583 | | | | 24,031 | | Taxes paid by withholding shares for tax purposes | | | - | | | | - | | | | (356 | ) | Tax benefit increase (decrease) upon exercise of stock options and expiration of stock options | | | - | | | | - | | | | 394 | | Retirement of common stock | | | (524 | ) | | | (314 | ) | | | (5,424 | ) | Dividends | | | (42,635 | ) | | | (41,299 | ) | | | (39,924 | ) | Net Cash Used in Financing Activities | | | (29,786 | ) | | | (17,030 | ) | | | (21,279 | ) | Net change in cash | | | 19,469 | | | | (10,645 | ) | | | 37,601 | | Cash at Beginning of Period | | | 53,409 | | | | 64,054 | | | | 26,453 | | Cash at End of Period | | $ | 72,878 | | | $ | 53,409 | | | $ | 64,054 | | Supplemental Cash Flow Disclosures: | | | | | | | | | | | | | Supplemental disclosure of cash flow activities: | | | | | | | | | | | | | Interest paid for the period | | $ | - | | | $ | - | | | $ | - | | Income tax payments for the period | | | 13,627 | | | | 17,351 | | | | 19,264 | |
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