CalWest Bancorp reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported income before income taxes of $35,000 and net income of $35,000 or $0.06 per basic share on interest income of $1,051,000 against income before income taxes of $258,000 and net income of $258,000 or $0.41 per basic share on interest income of $1,223,000 reported for the same period a year ago. Net interest income was $896,000 against $1,059,000 a year ago.

Return on average assets was 0.11% against 0.74% a year ago. Return on average shareholders equity was 3.11% against 31.66% a year ago. Results for the first quarter were slightly better than anticipated, primarily due to lower non-interest expense.