Westamerica Bancorporation (WABC) 8-K Westamerica Bancorporation Reports First Quarter 2016 Financial Results

EXHIBIT 99.1

Westamerica Bancorporation Reports First Quarter 2016 Financial Results

SAN RAFAEL, Calif., April 21, 2016 (GLOBE NEWSWIRE) -- Westamerica Bancorporation (Nasdaq:WABC), parent company of Westamerica Bank, generated net income for the first quarter 2016 of $14.2 million and diluted earnings per common share ("EPS") of $0.56, compared to net income of $14.6 million and EPS of $0.57 for the prior quarter, and net income of $14.6 million and EPS of $0.57 for the first quarter 2015.           

"Westamerica’s average checking and savings deposits were 6 percent higher in the first quarter 2016 compared to the first quarter 2015. This growth in lower-costing deposit products supported our 3.34 percent net interest margin in the first quarter 2016. Westamerica’s credit quality remained relatively stable at healthy levels throughout the first quarter 2016, requiring no provision for loan losses. Our operating expenses were affected by seasonally high payroll taxes in the first quarter 2016, but represented only 54 percent of our revenues,” said Chairman, President and CEO David Payne. “Our operating results generated an annualized return on shareholders’ common equity of 11 percent for the first quarter 2016, and Westamerica paid its shareholders a $0.39 per share quarterly dividend,” concluded Payne.

The annualized net interest margin on a fully taxable equivalent basis was 3.34 percent for the first quarter 2016, compared to 3.32 percent for the prior quarter, and 3.43 percent for the first quarter 2015. Net interest income on a fully taxable equivalent basis was $36.4 million for the first quarter 2016, compared to $36.7 million for the prior quarter, and $36.9 million for the first quarter 2015. The Company’s loan portfolio has declined from the first quarter 2015 through the first quarter 2016; Management has been avoiding long-dated, low-yielding loans given historically low interest rates. Management has also maintained conservative loan underwriting, terms and conditions. During this period, the investment portfolio has grown. The changing composition of interest earning assets and low market interest rates has pressured the net interest margin. The increase in the net interest margin from the fourth quarter 2015 to the first quarter 2016 reflects the Federal Open Market Committee’s 0.25 percent increase in the federal funds rate on December 16, 2015, which increased yields on loans and investment securities which have floating rates. The funding cost of deposits and other interest-bearing borrowings, as a percentage of average loans and investment securities, was 0.05 percent for the first quarter 2016, unchanged from the prior quarter and down from 0.06 percent for the first quarter 2015.

The provision for loan losses was zero for the first quarter 2016, unchanged from the prior quarter and first quarter 2015. Net loan losses charged against the allowance for loan losses totaled $284 thousand for the first quarter 2016, compared to $265 thousand for the prior quarter and $298 thousand for the first quarter 2015. At March 31, 2016, the allowance for loan losses totaled $29.5 million and nonperforming loans totaled $18.0 million.

Noninterest income for the first quarter 2016 totaled $11.7 million, compared to $11.3 million for the prior quarter, and $12.3 million for the first quarter 2015.

Noninterest expense for the first quarter 2016 totaled $25.9 million, compared to $25.5 million for the prior quarter, and $26.7 million for the first quarter 2015.

At March 31, 2016, Westamerica Bancorporation's tangible common equity-to-asset ratio was 8.0 percent, and assets totaled $5.2 billion. Westamerica Bancorporation, through its wholly owned subsidiary Westamerica Bank, operates commercial banking and trust offices throughout Northern and Central California.

Westamerica Bancorporation Web Address: www.westamerica.com

FORWARD-LOOKING INFORMATION:

The following appears in accordance with the Private Securities Litigation Reform Act of 1995:

This press release may contain forward-looking statements about the Company, including descriptions of plans or objectives of its management for future operations, products or services, and forecasts of its revenues, earnings or other measures of economic performance. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may."

Forward-looking statements, by their nature, are subject to risks and uncertainties. A number of factors — many of which are beyond the Company's control — could cause actual conditions, events or results to differ significantly from those described in the forward-looking statements. The Company's most recent reports filed with the Securities and Exchange Commission, including the annual report for the year ended December 31, 2015 filed on Form 10-K and quarterly report for the quarter ended September 30, 2015 filed on Form 10-Q, describe some of these factors, including certain credit, interest rate, operational, liquidity and market risks associated with the Company's business and operations. Other factors described in these reports include changes in business and economic conditions, competition, fiscal and monetary policies, disintermediation, legislation including the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2011, the Sarbanes-Oxley Act of 2002 and the Gramm-Leach-Bliley Act of 1999, and mergers and acquisitions.

Forward-looking statements speak only as of the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date forward looking statements are made.

	Public Information April 21, 2016
WESTAMERICA BANCORPORATION
FINANCIAL HIGHLIGHTS
March 31, 2016
1. Net Income Summary.
		(in thousands except per-share amounts)
								%
		Q1'16			Q1'15			Change			Q4'15
	Net Interest and Fee Income (FTE)	$	36,447		$	36,930			-1.3	%	$	36,734
	Provision for Loan Losses		-			-		n/m				-
	Noninterest Income		11,729			12,300			-4.6	%		11,305
	Noninterest Expense		25,858			26,727			-3.3	%		25,504
	Income Before Taxes (FTE)		22,318			22,503			-0.8	%		22,535
	Income Tax Provision (FTE)		8,092			7,946			1.8	%		7,957
	Net Income	$	14,226		$	14,557			-2.3	%	$	14,578
	Average Common Shares Outstanding		25,445			25,651			-0.8	%		25,528
	Diluted Average Common Shares		25,468			25,655			-0.7	%		25,555
	Operating Ratios:
	Basic Earnings Per Common Share	$	0.56		$	0.57			-1.8	%	$	0.57
	Diluted Earnings Per Common Share		0.56			0.57			-1.8	%		0.57
	Return On Assets (a)		1.11	%		1.17	%					1.12	%
	Return On Common Equity (a)		10.9	%		11.4	%					11.0	%
	Net Interest Margin (FTE) (a)		3.34	%		3.43	%					3.32	%
	Efficiency Ratio (FTE)		53.7	%		54.3	%					53.1	%
	Dividends Paid Per Common Share	$	0.39		$	0.38			2.6	%	$	0.39
	Common Dividend Payout Ratio		70	%		67	%					68	%
2. Net Interest Income.
		(dollars in thousands)
								%
		Q1'16			Q1'15			Change			Q4'15
	Interest and Fee Income (FTE)	$	36,999		$	37,589			-1.6	%	$	37,297
	Interest Expense		552			659			-16.4	%		563
	Net Interest and Fee Income (FTE)	$	36,447		$	36,930			-1.3	%	$	36,734
	Average Earning Assets	$	4,381,423		$	4,342,031			0.9	%	$	4,411,599
	Average Interest-
	Bearing Liabilities		2,601,408			2,571,484			1.2	%		2,554,447
	Yield on Earning Assets (FTE) (a)		3.39	%		3.49	%					3.37	%
	Cost of Funds (a)		0.05	%		0.06	%					0.05	%
	Net Interest Margin (FTE) (a)		3.34	%		3.43	%					3.32	%
	Interest Expense/
	Interest-Bearing Liabilities (a)		0.09	%		0.10	%					0.09	%
	Net Interest Spread (FTE) (a)		3.30	%		3.39	%					3.28	%
3. Loans & Other Earning Assets.
		(average volume, dollars in thousands)
								%
		Q1'16			Q1'15			Change			Q4'15
	Total Assets	$	5,174,804		$	5,059,537			2.3	%	$	5,168,805
	Total Earning Assets		4,381,423			4,342,031			0.9	%		4,411,599
	Total Loans		1,500,616			1,683,748			-10.9	%		1,543,591
	Commercial Loans		370,131			401,167			-7.7	%		371,902
	Commercial RE Loans		630,542			710,475			-11.3	%		651,991
	Consumer Loans		499,943			572,106			-12.6	%		519,698
	Total Investment Securities		2,880,807			2,658,283			8.4	%		2,868,008
	Available For Sale (Market)		1,567,335			1,632,868			-4.0	%		1,589,483
	Held To Maturity		1,313,472			1,025,415			28.1	%		1,278,525
	Unrealized Gain		23,669			15,634		n/m				9,624
	Loans/Deposits		33.1	%		38.2	%					34.0	%
4. Deposits, Other Interest-Bearing Liabilities & Equity.
		(average volume, dollars in thousands)
								%
		Q1'16			Q1'15			Change			Q4'15
	Total Deposits	$	4,537,548		$	4,402,946			3.1	%	$	4,536,256
	Noninterest Demand		1,993,986			1,919,820			3.9	%		2,036,470
	Interest Bearing Transaction		872,464			810,877			7.6	%		855,320
	Savings		1,387,217			1,292,238			7.3	%		1,351,412
	Time greater than $100K		123,691			199,251			-37.9	%		128,703
	Time less than $100K		160,190			180,760			-11.4	%		164,351
	Total Short-Term Borrowings		57,846			86,354			-33.0	%		54,661
	Federal Home Loan Bank Advances		-			2,004		n/m				-
	Shareholders' Equity		527,177			516,086			2.1	%		525,277
	Demand Deposits/
	Total Deposits		43.9	%		43.6	%					44.9	%
	Transaction & Savings
	Deposits / Total Deposits		93.7	%		91.4	%					93.5	%
5. Interest Yields Earned & Rates Paid.
		(dollars in thousands)
		Q1'16
		Average			Income/			Yield (a) /
		Volume			Expense			Rate
	Interest & Fee Income Earned
	Total Earning Assets (FTE)	$	4,381,423		$	36,999			3.39	%
	Total Loans (FTE)		1,500,616			18,689			5.01	%
	Commercial Loans (FTE)		370,131			4,541			4.93	%
	Commercial RE Loans		630,542			9,776			6.24	%
	Consumer Loans		499,943			4,372			3.51	%
	Total Investments (FTE)		2,880,807			18,310			2.54	%
	Interest Expense Paid
	Total Earning Assets		4,381,423			552			0.05	%
	Total Interest-Bearing Liabilities		2,601,408			552			0.09	%
	Total Interest-Bearing Deposits		2,543,562			543			0.09	%
	Interest-Bearing Transaction		872,464			70			0.03	%
	Savings		1,387,217			223			0.06	%
	Time less than $100K		160,190			113			0.28	%
	Time greater than $100K		123,691			137			0.44	%
	Total Short-Term Borrowings		57,846			9			0.07	%
	Net Interest Income and
	Margin (FTE)				$	36,447			3.34	%
		Q1'15
		Average			Income/			Yield (a) /
		Volume			Expense			Rate
	Interest & Fee Income Earned
	Total Earning Assets (FTE)	$	4,342,031		$	37,589			3.49	%
	Total Loans (FTE)		1,683,748			20,613			4.96	%
	Commercial Loans (FTE)		401,167			4,708			4.76	%
	Commercial RE Loans		710,475			10,941			6.25	%
	Consumer Loans		572,106			4,964			3.51	%
	Total Investments (FTE)		2,658,283			16,976			2.55	%
	Interest Expense Paid
	Total Earning Assets		4,342,031			659			0.06	%
	Total Interest-Bearing Liabilities		2,571,484			659			0.10	%
	Total Interest-Bearing Deposits		2,483,126			642			0.10	%
	Interest-Bearing Transaction		810,877			63			0.03	%
	Savings		1,292,238			216			0.07	%
	Time less than $100K		180,760			166			0.37	%
	Time greater than $100K		199,251			197			0.40	%
	Total Short-Term Borrowings		86,354			16			0.08	%
	Federal Home Loan Bank Advances		2,004			1			0.20	%
	Net Interest Income and
	Margin (FTE)				$	36,930			3.43	%
6. Noninterest Income.
		(dollars in thousands except per-share amounts)
								%
		Q1'16			Q1'15			Change			Q4'15
	Service Charges on Deposits	$	5,248		$	5,707			-8.0	%	$	5,259
	Merchant Processing Services		1,529			1,703			-10.2	%		1,368
	Debit Card Fees		1,516			1,456			4.1	%		1,557
	Other Service Fees		629			665			-5.5	%		648
	ATM Processing Fees		658			585			12.6	%		569
	Trust Fees		661			706			-6.5	%		671
	Financial Services Commissions		156			153			2.2	%		168
	Other Income		1,332			1,325			0.5	%		1,065
	Total Noninterest Income	$	11,729		$	12,300			-4.6	%	$	11,305
	Total Revenue (FTE)	$	48,176		$	49,230			-2.1	%	$	48,039
	Noninterest Income/Revenue (FTE)		24.3	%		25.0	%					23.5	%
	Service Charges/Avg. Deposits (a)		0.47	%		0.53	%					0.46	%
	Total Revenues (FTE) Per Avg.
	Common Share (a)	$	7.61		$	7.78			-2.2	%	$	7.47
7. Noninterest Expense.
		(dollars in thousands)
								%
		Q1'16			Q1'15			Change			Q4'15
	Salaries & Benefits	$	13,117		$	13,338			-1.6	%	$	12,398
	Occupancy		3,398			3,727			-8.8	%		3,761
	Outsourced Data Processing		2,130			2,108			1.1	%		2,107
	Amortization of
	Identifiable Intangibles		905			1,001			-9.5	%		948
	Professional Fees		732			548			33.4	%		614
	Furniture & Equipment		1,213			1,119			8.4	%		1,081
	Other Real Estate Owned		111			315			-64.7	%		53
	Courier Service		545			543			0.4	%		585
	Other Operating		3,707			4,028			-8.0	%		3,957
	Total Noninterest Expense	$	25,858		$	26,727			-3.3	%	$	25,504
	Noninterest Expense/
	Avg. Earning Assets (a)		2.37	%		2.50	%					2.29	%
	Noninterest Expense/Revenues (FTE)		53.7	%		54.3	%					53.1	%
8. Provision for Loan Losses.
		(dollars in thousands)
								%
		Q1'16			Q1'15			Change			Q4'15
	Average Total Loans	$	1,500,616		$	1,683,748			-10.9	%	$	1,543,591
	Allowance for Loan Loss (ALL)
	Beginning of Period	$	29,771		$	31,485			-5.4	%	$	30,036
	Provision for Loan Losses		-			-		n/m				-
	Net ALL Losses		(284	)		(298	)		-4.7	%		(265	)
	ALL End of Period	$	29,487		$	31,187			-5.5	%	$	29,771
	ALL Recoveries/Gross ALL Losses		87	%		73	%					78	%
	Net ALL Losses/Avg. Total Loans (a)		0.08	%		0.07	%					0.07	%
9. Credit Quality.
		(dollars in thousands)
								%
		3/31/16			3/31/15			Change			12/31/15
	Nonperforming Originated Loans:
	Nonperforming Nonaccrual	$	9,205		$	3,315			177.7	%	$	6,302
	Performing Nonaccrual		1,841			26		n/m				350
	Total Nonaccrual Loans		11,046			3,341			230.6	%		6,652
	90+ Days Past Due Accruing Loans		183			191			-4.2	%		295
	Total		11,229			3,532			217.9	%		6,947
	Repossessed Originated Loan Collateral		4,786			5,483			-12.7	%		5,829
	Total Nonperforming
	Originated Assets		16,015			9,015			77.7	%		12,776
	Nonperforming Purchased Covered Loans (1):
	Nonperforming Nonaccrual		-			-		n/m				-
	Performing Nonaccrual		-			-		n/m				-
	Total Nonaccrual Loans		-			-		n/m				-
	90+ Days Past Due Accruing Loans		-			-		n/m				-
	Total		-			-		n/m				-
	Repossessed Purchased Covered
	Loan Collateral (1)		-			486		n/m				-
	Total Nonperforming Purchased
	Covered Assets (1)		-			486		n/m				-
	Nonperforming Purchased Non-Covered Loans (2):
	Nonperforming Nonaccrual		6,601			8,952			-26.3	%		8,346
	Performing Nonaccrual		80			1,093		n/m				-
	Total Nonaccrual Loans		6,681			10,045			-33.5	%		8,346
	90+ Days Past Due Accruing Loans		77			-		n/m				-
	Total		6,758			10,045			-32.7	%		8,346
	Repossessed Purchased Non-Covered
	Loan Collateral (2)		3,652			3,264			11.9	%		3,435
	Total Nonperforming Purchased
	Non-Covered Assets (2)		10,410			13,309			-21.8	%		11,781
	Total Nonperforming Assets	$	26,425		$	22,810			15.9	%	$	24,557
	Total Originated Loans Outstanding	$	1,310,083		$	1,465,546			-10.6	%	$	1,351,839
	Total Purchased Covered
	Loans Outstanding (1)		13,664			16,329			-16.3	%		14,061
	Total Purchased Non-Covered
	Loans Outstanding (2)		149,449			202,009			-26.0	%		167,496
	Total Loans Outstanding	$	1,473,196		$	1,683,884			-12.5	%	$	1,533,396
	Total Assets	$	5,199,868		$	5,035,777			3.3	%	$	5,168,875
	Loans:
	Allowance for Loan Losses	$	29,487		$	31,187			-5.5	%	$	29,771
	Allowance/Loans		2.00	%		1.85	%					1.94	%
	Nonperforming Loans/Total Loans		1.22	%		0.81	%					1.00	%
	Purchased Covered Loans (1):
	Fair Value Discount on Purchased
	Covered Loans	$	18		$	200					$	152
	Discount/Purchased Covered
	Loans, gross		0.13	%		1.21	%					1.07	%
	Nonperforming Purchased Covered Loans/
	Total Purchased Covered Loans		0.00	%		0.00	%					0.00	%
	Purchased Non-Covered Loans (2):
	Fair Value Discount on Purchased
	Non-Covered Loans	$	6,084		$	8,705					$	6,432
	Discount/Purchased Non-Covered		3.91	%		4.13	%					3.70	%
	Loans, gross
	Nonperforming Purchased Non-Covered Loans/
	Total Purchased Non-Covered Loans		4.52	%		4.97	%					4.98	%
10. Capital.
		(in thousands, except per-share amounts)
								%
		3/31/16			3/31/15			Change			12/31/15
	Shareholders' Equity	$	538,973		$	527,380			2.2	%	$	532,205
	Total Assets		5,199,868			5,035,777			3.3	%		5,168,875
	Shareholders' Equity/
	Total Assets		10.37	%		10.47	%					10.30	%
	Shareholders' Equity/
	Total Loans		36.59	%		31.32	%					34.71	%
	Tangible Common Equity Ratio		8.04	%		8.01	%					7.94	%
	Common Shares Outstanding		25,438			25,563			-0.5	%		25,528
	Common Equity Per Share	$	21.19		$	20.63			2.7	%	$	20.85
	Market Value Per Common Share	$	48.71		$	43.21			12.7	%	$	46.75
	Share Repurchase Programs
		(shares in thousands)
								%
		Q1'16			Q1'15			Change			Q4'15
	Total Shares Repurchased		130			183			-28.7	%		2
	Average Repurchase Price	$	41.53		$	42.99			-3.4	%	$	43.01
	Net Shares Repurchased		90			182			-50.5	%		2
11. Period-End Balance Sheets.
		(unaudited, dollars in thousands)
								%
		3/31/16			3/31/15			Change			12/31/15
	Assets:
	Cash and Due from Banks	$	471,164		$	247,450			90.4	%	$	433,044
	Investment Securities:
	Available For Sale		1,585,970			1,777,320			-10.8	%		1,570,216
	Held to Maturity		1,358,139			1,015,231			33.8	%		1,316,075
	Loans		1,473,196			1,683,884			-12.5	%		1,533,396
	Allowance For Loan Losses		(29,487	)		(31,187	)		-5.5	%		(29,771	)
	Total Loans, net		1,443,709			1,652,697			-12.6	%		1,503,625
	Other Real Estate Owned		8,438			9,233			-8.6	%		9,264
	Premises and Equipment, net		38,045			38,313			-0.7	%		38,693
	Identifiable Intangibles, net		9,526			13,286			-28.3	%		10,431
	Goodwill		121,673			121,673			0.0	%		121,673
	Other Assets		163,204			160,574			1.6	%		165,854
	Total Assets	$	5,199,868		$	5,035,777			3.3	%	$	5,168,875
	Liabilities and Shareholders' Equity:
	Deposits:
	Noninterest Bearing	$	1,989,010		$	1,902,904			4.5	%	$	2,026,049
	Interest-Bearing Transaction		855,008			787,633			8.6	%		860,706
	Savings		1,393,919			1,313,007			6.2	%		1,366,936
	Time		278,813			376,532			-26.0	%		286,968
	Total Deposits		4,516,750			4,380,076			3.1	%		4,540,659
	Short-Term Borrowed Funds		52,451			82,960			-36.8	%		53,028
	Federal Home Loan Bank Advances		-			-		n/m				-
	Other Liabilities		91,694			45,361			102.1	%		42,983
	Total Liabilities		4,660,895			4,508,397			3.4	%		4,636,670
	Shareholders' Equity:
	Common Equity:
	Paid-In Capital		381,426			377,669			1.0	%		381,436
	Accumulated Other
	Comprehensive Income		6,619			9,600			-31.1	%		675
	Retained Earnings		150,928			140,111			7.7	%		150,094
	Total Shareholders' Equity		538,973			527,380			2.2	%		532,205
	Total Liabilities and
	Shareholders' Equity	$	5,199,868		$	5,035,777			3.3	%	$	5,168,875
12. Income Statements.
		(unaudited, in thousands except per-share amounts)
								%
		Q1'16			Q1'15			Change			Q4'15
	Interest & Fee Income:
	Loans	$	18,353		$	20,230			-9.3	%	$	18,798
	Investment Securities:
	Available for Sale		7,967			7,469			6.7	%		7,916
	Held to Maturity		7,327			6,218			17.8	%		7,174
	Total Interest & Fee Income		33,647			33,917			-0.8	%		33,888
	Interest Expense:
	Transaction Deposits		70			63			11.2	%		70
	Savings Deposits		223			216			3.2	%		218
	Time Deposits		250			363			-31.2	%		266
	Short-Term Borrowed Funds		9			16			-43.1	%		9
	Federal Home Loan Bank Advances		-			1		n/m				-
	Total Interest Expense		552			659			-16.4	%		563
	Net Interest Income		33,095			33,258			-0.5	%		33,325
	Provision for Loan Losses		-			-		n/m				-
	Noninterest Income:
	Service Charges		5,248			5,707			-8.0	%		5,259
	Merchant Processing Services		1,529			1,703			-10.2	%		1,368
	Debit Card Fees		1,516			1,456			4.1	%		1,557
	Other Service Fees		629			665			-5.5	%		648
	ATM Processing Fees		658			585			12.6	%		569
	Trust Fees		661			706			-6.5	%		671
	Financial Services Commissions		156			153			2.2	%		168
	Other		1,332			1,325			0.5	%		1,065
	Total Noninterest Income		11,729			12,300			-4.6	%		11,305
	Noninterest Expense:
	Salaries and  Benefits		13,117			13,338			-1.6	%		12,398
	Occupancy		3,398			3,727			-8.8	%		3,761
	Outsourced Data Processing		2,130			2,108			1.1	%		2,107
	Amortization of Identifiable Intangibles		905			1,001			-9.5	%		948
	Professional Fees		732			548			33.4	%		614
	Furniture & Equipment		1,213			1,119			8.4	%		1,081
	Other Real Estate Owned		111			315			-64.7	%		53
	Courier Service		545			543			0.4	%		585
	Other		3,707			4,028			-8.0	%		3,957
	Total Noninterest Expense		25,858			26,727			-3.3	%		25,504
	Income Before Income Taxes		18,966			18,831			0.7	%		19,126
	Income Tax Provision		4,740			4,274			10.9	%		4,548
	Net Income	$	14,226		$	14,557			-2.3	%	$	14,578
	Average Common Shares Outstanding		25,445			25,651			-0.8	%		25,528
	Diluted Common Shares Outstanding		25,468			25,655			-0.7	%		25,555
	Per Common Share Data:
	Basic Earnings	$	0.56		$	0.57			-1.8	%	$	0.57
	Diluted Earnings		0.56			0.57			-1.8	%		0.57
	Dividends Paid		0.39			0.38			2.6	%		0.39
	Footnotes and Abbreviations:
	(FTE) Fully Taxable Equivalent
	(a) Annualized
	(1) Purchased covered loans and repossessed loan collateral represent assets purchased in a business combination on which losses are shared with the FDIC per a Loss-Sharing Agreement.
	(2) Purchased non-covered loans and repossessed loan collateral represent assets purchased in a business combination.

For additional information contact:
Westamerica Bancorporation
1108 Fifth Avenue, San Rafael, CA 94901
Robert A. Thorson – SVP & Chief Financial Officer
707-863-6840
investments@westamerica.com