The provision for loan losses was $2.8 million for the third quarter 2012, unchanged from the prior quarter and third quarter 2011. Net loan losses charged against the allowance for loan losses totaled $3.4 million for the third quarter 2012, compared to $3.2 million for the prior quarter and $2.9 million for the third quarter 2011. At September 30, 2012, the allowance for loan losses totaled $31.0 million; nonperforming originated loans totaled $13.5 million; nonperforming purchased FDIC-indemnified loans totaled $20.7 million, net of purchase discounts of $2.8 million; and nonperforming purchased non-indemnified loans totaled $10.1 million, net of purchase discounts of $2.2 million.Noninterest income for the third quarter 2012 totaled $14.6 million, compared to $13.5 million in the second quarter 2012 and $15.2 million for the third quarter 2011. The decline in second quarter 2012 noninterest income is primarily due to a $1.3 million loss realized from the sale of a collateralized mortgage obligation bond, which reduced net income $750 thousand.
Westamerica Bancorporation Reports Third Quarter 2012 Earnings
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