PORTLAND, Ore., Jan. 27, 2023 /PRNewswire/ -- Pacific West Bancorp (PWBK) the holding company of Pacific West Bank "Bank," today announced fourth quarter net income of $561 thousand or $0.21 per diluted share and full-year net income of $1.8 million or $0.69 per diluted share. Fourth Quarter 2022 Results: Record operating net income of $561 thousand or $0.21 per diluted share.Interest income increased by $174 thousand or 5.7% compared to the prior quarter.Originated $17.7 million in total loan commitments during the quarter.Total assets as of quarter-end were $281.9 million.There were no non-accrual loans or past-due loans greater than 30-days as of quarter-end.Capital levels as of December 31, 2022, remained strong with a leverage ratio of 12.59%.
