AmericanWest Bancorporation (AWBC)

AmericanWest Bancorporation operates as the bank holding company for AmericanWest Bank, which provides various financial services in eastern and central Washington, northern Idaho, and Utah. Its deposit products include checking accounts, NOW accounts, money market demand accounts, savings accounts, and time deposits. The companys loan portfolio consists of commercial real estate loans; construction, land development, and other land loans; commercial and industrial loans; agricultural loans; residential real estate loans; and installment and other loans. It also offers various services, including ATM and debit cards, pre-paid gift cards, wire transfers, official checks and money orders, online banking and bill payment, safe deposit boxes, and night deposit boxes; and commercial services, which comprise ACH origination, merchant bankcard services, remote capture, sweep accounts, and currency services. As of January 30, 2009, the company had 58 banking locations, including 31 in eastern and central Washington, 9 in northern Idaho, and 18 in Utah. AmericanWest Bancorporation was founded in 1974 and is headquartered in Spokane, Washington.

For the nine months ended 30 September 2006, AmericanWest Bancorporation's, interest income rose 29% to $68.4M. Net interest income after LLP rose 4% to $39.3M. Net income fell 46% to $5.3M. Net interest income reflects an increase in interest earning assets, partially offset by an increase in interest expense. Net income was offset by an increase in salaries & employee benefits, higher occupancy expense and increased amortization of intangibles.