Profit Down at Capital Corp. of the West: Fool by Numbers

On Aug. 6, Capital Corp. of the West (Nasdaq: CCOW) released earnings for the second quarter ended June 30.

• Net profit fell 89.7% even after the company's effective tax rate decreased to 27.5% from 30.5%.
• The management expects the margins to remain flat or slightly increase in the second half of 2007.
• Capital Corp. of the West carries a one-star Motley Fool CAPS rating (out of five). The ratings for competitor banks are three stars for Bank of America (NYSE: BAC), two stars for Washington Mutual (NYSE: WM), and three stars for Wells Fargo (NYSE: WFC).

(Figures in thousands, except per-share data)

Income Statement Highlights

	Q2 2007	Q2 2006	Change
Total Revenue	$16,918	$22,698	(25.5%)
Net Interest Income	$16,997	$19,476	(12.7%)
Net Profit	$642	$6,254	(89.7%)
EPS*	$0.06	$0.57	(89.5%)

*Non-GAAP EPS as reported by the company.

Get back to basics with a look at the income statement.

Ratio Checkup

	Q2 2007	Q2 2006	Change*
Net Interest Margin	4.13%	4.84%	(0.71)
Efficiency Ratio	78.00%	57.00%	21.00
Nonperforming Assets / Assets	0.76%	0.12%	0.64
Return on Average Assets	0.15%	1.41%	(1.26)
Return on Average Equity	1.68%	19.10%	(17.42)

*Expressed in percentage points.

Find out more about bank performance ratios.

Balance Sheet Highlights

Assets	Q2 2007	Q2 2006	Change
Investments	$423,964	$470,035	(9.8%)
Loans	$1,311,094	$1,197,442	9.5%

Liabilities	Q2 2007	Q2 2006	Change
Deposits	$1,514,043	$1,474,734	2.7%
Total Liabilities	$1,741,613	$1,676,154	3.9%

Learn about bank assets and bank liabilities.

Related Foolishness:

• Bottom-Fishing With National City
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Bank of America and Washington Mutual are Motley Fool Income Investor recommendations.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.