Note 18 - Westamerica Bancorporation (Parent Company Only Condensed Financial Information) (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Statements of Income and Comprehensive Income, Parent Only [Table Text Block]

	For the Years Ended December 31,
	2021			2020			2019
	(In thousands)
Dividends from subsidiaries	$	29,279		$	10,783		$	80,067
Interest income		44			56			54
Other income		11,608			11,438			8,778
Total income		40,931			22,277			88,899
Salaries and benefits		6,612			7,107			6,978
Other expense		2,279			2,206			3,729
Total expense		8,891			9,313			10,707
Income before taxes and equity in undistributed income of subsidiaries		32,040			12,964			78,192
Income tax (expense) benefit		(645	)		(454	)		636
Earnings of subsidiaries greater than subsidiary dividends		55,114			67,903			1,561
Net income		86,509			80,413			80,389
Other comprehensive (loss) income, net of tax		(64,748	)		88,361			66,047
Comprehensive income	$	21,761		$	168,774		$	146,436

Balance Sheets Parent Only [Table Text Block]

	At December 31,
	2021		2020
	(In thousands)
Assets
Cash	$	69,943	$	78,364
Investment in Westamerica Bank		720,614		730,248
Investment in non-bank subsidiaries		454		455
Premises and equipment, net		9,968		10,459
Accounts receivable from Westamerica Bank		224		257
Other assets		42,026		40,852
Total assets	$	843,229	$	860,635
Liabilities
Accounts payable to Westamerica Bank	$	62	$	29
Other liabilities		16,065		15,797
Total liabilities		16,127		15,826
Shareholders' equity		827,102		844,809
Total liabilities and shareholders' equity	$	843,229	$	860,635

Statement of Cash Flows Parent Only [Table Text Block]

	For the Years Ended December 31,
	2021			2020			2019
	(In thousands)
Operating Activities
Net income	$	86,509		$	80,413		$	80,389
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		569			608			449
Decrease (increase) in accounts receivable from affiliates		117			(150	)		80
Increase in other assets		(1,223	)		(2,421	)		(71	)
Stock option compensation expense		1,419			1,875			1,744
Provision (benefit) for deferred income tax		645			428			(315	)
Increase in other liabilities		254			855			856
Earnings of subsidiaries greater than subsidiary dividends		(55,114	)		(67,903	)		(1,561	)
Gain on disposal of premises and equipment		-			(61	)		(1,055	)
Net Cash Provided by Operating Activities		33,176			13,644			80,516
Investing Activities
Purchases of equipment		(78	)		-			-
Net Cash Used by Investing Activities		(78	)		-			-
Financing Activities
Exercise of stock options		3,017			2,838			13,699
Retirement of common stock		(232	)		(16,496	)		(488	)
Common stock dividends paid		(44,304	)		(44,285	)		(43,942	)
Net Cash Used in Financing Activities		(41,519	)		(57,943	)		(30,731	)
Net change in cash and due from banks		(8,421	)		(44,299	)		49,785
Cash and due from banks at beginning of period		78,364			122,663			72,878
Cash and due from banks at end of period	$	69,943		$	78,364		$	122,663
Supplemental Cash Flow Disclosures:
Supplemental disclosure of cash flow activities:
Interest paid for the period	$	-		$	-		$	-
Income tax payments for the period		27,673			26,462			24,491