CommerceWest Bank, N.A. announced unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net interest income of $2,793,000 against $2,435,000 a year ago. Earnings before income taxes were $1,522,000 against $583,000 a year ago. Net income was $1,522,000 against $583,000 a year ago. Diluted earnings per share were $0.34 against $0.13 a year ago. Return on assets was 1.84% against 0.78% a year ago. Return on equity was 12.19% against 5.03% a year ago. Book value was $11.91 per share, an increase of 12%.

CommerceWest Bank, N.A. reported unaudited earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the bank reported net income of $1,192,000 or $0.28 per diluted common share compared with net income of $402,000 or $0.09 per diluted common share a year ago. Interest income was $3,250,000 compared to $3,069,000 a year ago. Net interest income was $2,757,000 compared to $2,433,000 a year ago. Earnings before income taxes were $1,192,000 compared to $402,000 a year ago. Return on Assets was 1.39% compared to 0.54% a year ago. Return on Equity was 9.60% compared to 3.54% a year ago. For the year, the bank reported net income of $4,207,000 or $0.97 per diluted common share compared with net income of $1,406,000 or $0.32 per diluted common share for the twelve months ended December 31, 2011. Interest income was $12,517,000 compared to $12,680,000 a year ago. Net interest income was $10,234,000 compared to $9,877,000 a year ago. Earnings before income taxes were $4,207,000 compared to $1,406,000 a year ago. Return on Assets was 1.30% compared to 0.47% a year ago. Return on Equity was 8.84% compared to 3.16% a year ago. Book value per share was $11.60 against $10.38 a year ago. Tangible book value per share was $10.63 against $9.37 a year ago.

CommerceWest Bank, N.A. reported unaudited earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported earnings of $1,417,000 or $0.33 per basic common share and $0.32 per diluted common share compared with net income of $279,000 or $0.07 per basic common share and $0.07 per diluted common share for the three months ended September 30, 2011, an increase of 371% and 357% respectively. Interest income was $3,148,000 against $3,109,000 a year ago. Net interest income was $2,564,000 against $2,397,000 a year ago. Earnings before income taxes were $1,417,000 against $279,000 a year ago. Return on assets (annualized) was 1.63% against 0.36% a year ago. Return on equity (annualized) was 11.81% against 2.46% a year ago. The bank reported earnings for the nine months ended September 30, 2012 of $3,015,000 or $0.70 per basic common share and $0.69 per diluted common share compared with net income of $1,004,000 or $0.23 per basic common share and $0.23 per diluted common share for the nine months ended September 30, 2011, an increase of 204% and 200% respectively. Interest income was $9,264,000 against $9,611,000 a year ago. Net interest income was $7,477,000 against $7,444,000 a year ago. Earnings before income taxes were $3,015,000 against $1,004,000 a year ago. Return on assets (annualized) was 1.27% against 0.44% a year ago. Return on equity (annualized) was 8.57% against 3.03% a year ago.