INDEPENDENT AUDITOR'S CONSENT
The Board of Directors
Capital Corp of the West:
We consent to the incorporation by reference in the registration statement
(No. 333-27384) on Form S-8 of Capital Corp of the West of our report dated
January 30, 1998, relating to the consolidated balance sheets of Capital Corp
of the West and subsidiaries as of December 31, 1997 and 1996, and the
related consolidated statements of income, shareholders' equity, and cash
flows for each of the years in the three-year period ended December 31, 1997,
which report appears in the December 31, 1997, annual report on Form 10K of
Capital Corp of the West.
Sacramento, California By: /s/ KPMD PEAT MARWICK LLP
March 30, 1998 ---------------------------
KMPD Peat Marwick LLP
CAPITAL CORP OF THE WEST
CONSOLIDATED FINANCIAL DATA
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( Amount in thousands) 1997 1996 1995 1994 1993
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STATEMENT OF INCOME DATA:
Interest income $ 25,912 $ 19,351 $ 15,873 $ 12,807 $ 11,483
Interest expense 10,190 6,865 5,717 3,850 3,061
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Net interest income 15,722 12,486 10,156 8,957 8,422
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Provision for loan losses 5,825 1,513 228 0 254
Noninterest income (loss) 3,852 2,935 (1,224) 805 679
Noninterest expense 13,372 10,736 8,146 6,923 6,459
(Benefit) provision for income taxes (26) 1,163 223 1,103 905
Cumulative effect of change in accounting
for income taxes - - - - 300
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Net income $ 403 $ 2,009 $ 335 $ 1,736 $ 1,783
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BASIC EARNINGS PER SHARE:
Weighted Average common shares outstanding 3,302 2,367 2,102 2,000 1,999
Earnings per share $ .12 $ .85 $ .16 $ .83 $ .85
Cash dividends per share - $ .03 - - -
Book value per share $ 9.20 $ 8.06 $ 7.16 $ 6.69 $ 6.01
Tangible book value per share $ 7.68 $ 7.14 $ 7.16 $ 6.69 $ 6.01
BALANCE SHEET DATA:
Total assets $ 421,394 $ 265,989 $ 209,033 $ 178,121 $ 155,178
Total securities 148,032 43,378 45,302 35,826 22,823
Total loans 217,977 183,247 133,736 113,600 107,124
Total deposits 356,395 238,345 192,601 163,199 141,730
Shareholders' equity $ 40,248 $ 20,974 $ 15,093 $ 14,082 $ 12,633
OPERATING RATIOS:
Return on average equity 1.46% 10.24% 11.05% 2.16% 12.81%
Return on average assets .13 .88 .18 1.05 1.24
Net interest margin 5.64 6.12 6.09 6.03 6.63
CREDIT QUALITY RATIOS:
Nonperforming loans to total loans (1) 1.26% 3.71% 3.04% 3.63% .62%
Allowance for loan losses to total loans 1.76 1.52 1.27 1.43 1.63
Allowance for loan losses to nonperforming loans 139.79 50.14 35.07 231.90 161.31
CAPITAL RATIOS:
Total risk-based capital 12.78% 10.20% 10.27% 11.70% 11.40%
Risk-based tier 1 capital 11.60 9.04 9.22 10.50 10.20
Leverage ratio 8.58 7.37 7.43 8.38 8.39
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(1) NONPERFORMING LOANS CONSIST OF LOANS ON NONACCRUAL, LOANS PAST DUE 90 DAYS OR MORE AND RESTRUCTURED LOANS.