Americanwest Bancorporation (AWBC) Inactive
Filed: 2 Feb 06, 12:00am
Exhibit 99.2
AmericanWest Bancorporation
Selected Consolidated Financial Highlights
($ in thousands; unaudited)
| Three Months Ended | Year Ended | ||||||||||||
| 12/31/2005 | 12/31/2004 | 12/31/2005 | 12/31/2004 | ||||||||||
Consolidated Statements of Income | |||||||||||||
Interest Income | |||||||||||||
Interest and fees on loans | $ | 18,715 | $ | 17,917 | $ | 70,898 | $ | 70,565 | |||||
Interest on securities | 285 | 1,087 | 1,198 | 3,030 | |||||||||
Other interest income | 182 | 27 | 224 | 84 | |||||||||
Total Interest Income | 19,182 | 19,031 | 72,320 | 73,679 | |||||||||
Interest Expense | |||||||||||||
Interest on deposits | 4,626 | 3,117 | 15,223 | 11,813 | |||||||||
Interest on borrowings | 798 | 677 | 3,110 | 2,146 | |||||||||
Total Interest Expense | 5,424 | 3,794 | 18,333 | 13,959 | |||||||||
Net Interest Income | 13,758 | 15,237 | 53,987 | 59,720 | |||||||||
Provision for loan losses | — | 4,548 | 2,365 | 13,046 | |||||||||
Net Interest Income After Provision for Loan Losses | 13,758 | 10,689 | 51,622 | 46,674 | |||||||||
Noninterest Income | |||||||||||||
Fees and service charges | 1,353 | 1,310 | 4,942 | 4,925 | |||||||||
Brokered fee income* | 283 | 367 | 1,293 | 1,257 | |||||||||
Other | 916 | 611 | 2,148 | 3,065 | |||||||||
Total Noninterest Income | 2,552 | 2,288 | 8,383 | 9,247 | |||||||||
Noninterest Expense | |||||||||||||
Salaries and employee benefits | 6,561 | 5,646 | 23,439 | 22,936 | |||||||||
Occupancy expense, net | 897 | 839 | 3,534 | 3,078 | |||||||||
Equipment expense | 650 | 573 | 2,657 | 2,232 | |||||||||
State business and occupation tax | 267 | 216 | 960 | 936 | |||||||||
Foreclosed real estate and other foreclosed assets expense | 125 | 3,001 | 669 | 5,281 | |||||||||
Intangible assets amortization | 62 | 63 | 251 | 251 | |||||||||
Other | 2,658 | 2,284 | 9,625 | 8,032 | |||||||||
Total Noninterest Expense | 11,220 | 12,622 | 41,135 | 42,746 | |||||||||
Income Before Provision for Income Tax | 5,090 | 355 | 18,870 | 13,175 | |||||||||
Provision for Income Tax | 1,123 | (367 | ) | 4,998 | 3,670 | ||||||||
Net Income | $ | 3,967 | $ | 722 | $ | 13,872 | $ | 9,505 | |||||
| * | Brokered fee income was previously included in interest and fees on loans. The reclassification was made during the quarter ended December 31, 2005, and all periods presented reflect the reclassification. |
Additional Information: | ||||||||||||
Average Earning Assets | $ | 1,033,418 | $ | 1,044,140 | $ | 989,417 | $ | 990,347 | ||||
Average Assets | $ | 1,113,567 | $ | 1,126,650 | $ | 1,071,289 | $ | 1,084,124 |