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BANK OF THE WEST AND SUBSIDIARIES
<br />CONSOLIDATED STATEMENTS OF INCOME
<br />(dollars in thousands)
<br />Interest income
<br />Loans
<br />Lease financing
<br />Securities available for sale
<br />Other
<br />Total interest income
<br />Interest expense
<br />Deposits
<br />Short-term borrowings
<br />Long-term debt
<br />Total interest expense
<br />Net interest income
<br />Provision for credit losses
<br />Net interest income after provision for credit losses
<br />Noninterest income
<br />Service charges on deposit accounts
<br />Trust and investment services income
<br />Brokerage service fees
<br />Credit and debit card fees
<br />Other service charges and fees
<br />Net gains (losses) on debt securities available for sale!°
<br />Income from bank -owned life insurance
<br />Net gains on customer accommodation derivatives
<br />Loss on credit guarantee derivative
<br />Write -downs of other real estate owned assets, net
<br />Other
<br />Total noninterest income
<br />Noninterest expense
<br />Salaries and employee benefits
<br />Occupancy
<br />Outside services
<br />FDIC assessments
<br />Intangible amortization
<br />Equipment
<br />Advertising and marketing
<br />Collection and repossession
<br />Other
<br />Total noninterest expense
<br />Income before income taxes and noncontrolling interest
<br />Income tax expense
<br />Net income before noncontrolling interest
<br />Net income attributable to noncontrolling interest
<br />Net income attributable to Bank of the West
<br />u" Includes other -than -temporary impairment (OTTI) losses of $1.9 million and $8
<br />and $12.3 million of total OTTI losses, net of nil and $4.1 million recognized in
<br />ended December 31, 2011 and 2010, respectively.
<br />Year Ended December 31,
<br />2011 2010
<br />$1,891,344
<br />134,069
<br />188,237
<br />5,797
<br />2,219,447
<br />$1,997,946
<br />144,464
<br />181,550
<br />4,470
<br />2,328,430
<br />156,459 255,502
<br />637 863
<br />154,108 289,020
<br />311,204 545,385
<br />1,908,243 1,783,045
<br />319,865 512,782
<br />1,588,378 1,270,263
<br />153,698
<br />18,684
<br />41,105
<br />109,503
<br />98,240
<br />34,099
<br />23,318
<br />15,603
<br />(6,351)
<br />(34,174)
<br />60,935
<br />173,556
<br />17,647
<br />46,336
<br />102,789
<br />89,323
<br />(35,951)
<br />21,624
<br />10,271
<br />(73,201)
<br />(36,770)
<br />43,058
<br />514,660 358,682
<br />697,617
<br />134,434
<br />125,089
<br />85,060
<br />55,712
<br />56,558
<br />41,817
<br />33,710
<br />124,008
<br />1,354,005
<br />274,940
<br />89,600
<br />185,340
<br />740
<br />$ 184,600
<br />.2 million recognized in earnings ($1.9 million
<br />other comprehensive income) for the years
<br />The accompanying notes are an integral part of these consolidated financial statements.
<br />-2-
<br />2011 Bank of the West Annual Report
<br />764,103
<br />131,606
<br />124,201
<br />61,886
<br />51,455
<br />56,328
<br />38,618
<br />47,320
<br />132,478
<br />1,407,995
<br />695,043
<br />251,936
<br />443,107
<br />1,096
<br />$ 442,011
<br />
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