CalWest Bancorp Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014
For the six months, the company's interest income was $2,365,000 against $2,157,000 a year ago. Net interest income was $2,014,000 against $1,798,000 a year ago. Income before income taxes was $215,000 against loss before income taxes of $57,000 a year ago. Net income was $213,000 or $0.08 per basic share against net loss of $59,000 or $0.02 per basic share a year ago. Negative return on average assets was 0.13% against 0.20% a year ago. Negative return on average shareholders equity was 4.88% against 8.36% a year ago.