On Aug. 6, Capital Corp. of the West
- 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%) |
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) |
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:
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Bank of America and Washington Mutual are Motley Fool Income Investor recommendations.
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