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BANK OF THE WEST AND SUBSIDIARIES
<br />CONSOLIDATED BALANCE SHEETS
<br />(dollars in thousands, except per share amounts)
<br />December 31,
<br />2011 2010
<br />Assets
<br />Cash and due from banks $ 763,987 $ 683,530
<br />Interest -bearing deposits in other banks 2,832,249 118,738
<br />Trading assets 6,000 5,500
<br />Securities available for sale 7,717,655 6,128,762
<br />Loans held for sale 244,509 107,440
<br />Loans and leases:
<br />Loans and leases 43,427,394 43,007,720
<br />Less allowance for loan and lease losses 870,188 1,059,017
<br />Net loans and leases 42,557,206 41,948,703
<br />Premises and equipment, net 451,035 446,469
<br />Customers' acceptance liability 4,101 7,469
<br />Goodwill 4,201,513 4,201,143
<br />Other intangibles, net 170,447 205,700
<br />Other real estate owned and repossessed personal property 156,049 195,017
<br />Interest receivable 167,562 158,852
<br />Bank -owned life insurance 1,301,847 1,289,392
<br />Other assets 1,834,144 2,156,111
<br />Total assets $62,408,304 $57,652,826
<br />Liabilities and Equity
<br />Deposits:
<br />Interest -bearing $32,261,182 $28,257,259
<br />Noninterest-bearing 11,734,014 11,289,985
<br />Total deposits 43,995,196 39,547,244
<br />Federal funds purchased and securities sold under agreements to repurchase 352,060 733,172
<br />Short-term borrowings 1,560 6,465
<br />Acceptances outstanding 4,101 7,469
<br />Long-term debt 5,676,868 5,812,535
<br />Liability for pension benefits 202,057 162,769
<br />Other liabilities 964,004 761,593
<br />Total liabilities 51,195,846 47,031,247
<br />Equity:
<br />Common stock, par value $0.001 per share in 2011 and 2010
<br />Authorized — 20,000,000 shares
<br />Issued and outstanding— 5,548,359 shares at December 31, 2011 and 2010 6 6
<br />Additional paid -in capital 9,730,732 9,728,178
<br />Retained earnings 1,469,882 1,027,871
<br />Accumulated other comprehensive loss (10,664) (158,325)
<br />Total Bank of the West stockholder's equity 11,189,956 10,597,730
<br />Noncontrolling interest 22,502 23,849
<br />Total equity 11,212,458 10,621,579
<br />Total liabilities and equity $62,408,304 $57,652,826
<br />The accompanying notes are an integral part of these consolidated financial statements.
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<br />2011 Bank of the West Annual Report
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