Bank of the West 2014 Annual Report Download - page 6

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BANK OF THE WEST AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
As of December 31,
(dollars in thousands, except per share amounts) 2014 2013
Assets
Cash and due from banks $ 842,066 $ 825,492
Interest-bearing deposits in other banks 3,334,885 2,442,252
Trading assets 6,499 6,499
Securities available for sale 9,255,844 8,685,416
Loans held for sale 62,877 13,959
Loans and leases:
Loans and leases 50,821,366 47,329,731
Less allowance for loan and lease losses 601,305 634,573
Net loans and leases 50,220,061 46,695,158
Premises and equipment, net 398,681 421,741
Other real estate owned and repossessed personal property 26,237 25,497
Interest receivable 159,151 162,777
Bank-owned life insurance 1,337,363 1,327,950
Identifiable intangible assets 203,210 193,363
Goodwill 4,201,513 4,201,513
Pension assets 1,537 40,741
Other assets 1,632,419 1,425,423
Total assets $71,682,343 $66,467,781
Liabilities and equity
Deposits:
Interest-bearing $36,695,760 $34,375,898
Noninterest-bearing 15,417,437 13,996,570
Total deposits 52,113,197 48,372,468
Short-term borrowings 5,153,548 3,055,802
Long-term debt 1,412,213 2,312,978
Liability for pension benefits 180,491 118,583
Other liabilities 914,380 895,157
Total liabilities 59,773,829 54,754,988
Equity:
Common stock, par value $0.001 per share:
Authorized — 20,000,000 shares
Issued and outstanding — 5,548,359 shares as of December 31, 2014 and 2013 66
Additional paid-in capital 9,735,894 9,735,522
Retained earnings 2,254,917 2,110,695
Accumulated other comprehensive loss (100,653) (148,434)
Total Bank of the West stockholder’s equity 11,890,164 11,697,789
Noncontrolling interest 18,350 15,004
Total equity 11,908,514 11,712,793
Total liabilities and equity $71,682,343 $66,467,781
The accompanying notes are an integral part of these consolidated financial statements.
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