Community West Bancshares

Listed Company

CWBCCIK 0001127371NasdaqAcceleratedState Commercial BanksCaliforniaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$38.17M

Total Assets

$3.69B

Equity

$409.59M

Shares Out

19.17M

Op. Cash Flow

$46.12M

Business

Community West Bancshares is a bank holding company that provides commercial banking services through its banking subsidiary, Community West Bank. The Bank accepts demand, savings and time deposits and offers commercial, real estate, consumer and agribusiness loans, SBA lending, mortgage broker services, private banking, cash management, wire transfers and Internet/mobile banking. Its operations include a Real Estate Division, an Agribusiness Center, an SBA Lending Division and lending and cash-management departments. The Bank serves customers across California via 26 full‑service banking centers, online channels and correspondent relationships.

Summary from filing dated 2025-03-17

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	160	130	70	56	54
Interest on deposits in other banks	4	4	4	391,000	129,000
Taxable	16	20	23	20	14
Exempt from Federal income taxes	5	5	6	7	6
Total interest income	186	160	102	83	74
Interest on deposits	43	41	16	1	1
Interest on short-term borrowings	3	6	810,000	254,000	0
Interest on senior debt and subordinated debentures	4	4	4	—	—
Total interest expense	50	50	20	3	—
Net interest income before provision for credit losses	136	110	82	80	73
Provision for credit losses	4	11	309,000	995,000	—
Net interest income after provision for credit losses	132	99	82	79	77
Service charges	2	2	2	2	2
Interchange fees	2	2	2	2	2
Appreciation in cash surrender value of bank owned life insurance	1	1	1	985,000	840,000
Federal Home Loan Bank dividends	960,000	796,000	498,000	367,000	321,000
Loan placement fees	844,000	1	584,000	899,000	2
Gain on proceeds from death benefits	198,000	0	0	—	—
Net realized (loss) gain on sale and disposal of equipment	−40,000	7,000	402,000	15,000	8,000
Net realized losses on sales and calls of investment securities	−41,000	−4	−907,000	−2	501,000
Other income	3	3	2	657,000	2
Total non-interest income	10	6	7	5	9
Salaries and employee benefits	50	48	31	29	29
Occupancy and equipment	11	9	6	5	5
Information technology	7	6	4	3	3
Data processing expense	3	4	3	2	2
Professional services	2	3	2	2	2
Regulatory assessments	2	2	1	851,000	831,000
ATM/Debit card expenses	2	2	757,000	809,000	818,000
Amortization of core deposit intangibles	1	751,000	68,000	454,000	661,000
Advertising	929,000	854,000	542,000	557,000	527,000
Directors expenses	912,000	752,000	614,000	282,000	422,000
Loan related expenses	839,000	802,000	478,000	479,000	516,000
Merger and acquisition expense	798,000	10	1	0	—
Personnel other	313,000	345,000	404,000	323,000	374,000
Other expense	8	8	4	4	3
Total non-interest expenses	90	95	55	48	48
Income before provision for income taxes	53	11	34	35	38
Provision for income taxes	14	3	8	8	10
Net income	38	8	26	27	28
Basic earnings per common share (in dollars per share)	2.01	0.45	2.17	2.27	2.32
Diluted earnings per common share (in dollars per share)	2	0.45	2.17	2.27	2.31
Cash dividends per common share (in dollars per share)	0.48	0.48	0.48	0.48	0.47

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2022 2022-03-31
Cash and due from banks	28	28	30	25	—
Interest-earning deposits in other banks	91	92	24	6	—
Total cash and cash equivalents	119	120	54	31	—
Available-for-sale debt securities, at fair value, net of allowance for credit losses of $0, with an amortized cost of $509,083 at December 31, 2025 and $536,334 at December 31, 2024, respectively	469	477	597	649	—
Held-to-maturity debt securities, at amortized cost less allowance for credit losses of $440 at December 31, 2025 and $1,156 at December 31, 2024, respectively	287	301	302	—	307
Equity securities, at fair value	7	7	7	7	—
Loans, less allowance for credit losses of $30,071 at December 31, 2025 and $25,803 at December 31, 2024, respectively	2,511	2,308	1,276	—	—
Bank premises and equipment, net	24	24	14	8	—
Bank owned life insurance	54	53	42	41	—
Federal Home Loan Bank stock	11	11	7	6	—
Goodwill	97	97	54	54	—
Core deposit intangibles	8	9	0	68,000	—
Accrued interest receivable and other assets	103	113	81	77	—
Total assets	3,690	3,522	2,433	2,423	—
Non-interest bearing	1,059	981	952	1,057	—
Interest bearing	2,037	1,930	1,090	1,043	—
Total deposits	3,095	2,911	2,042	2,100	—
Borrowings	73	133	80	—	—
Senior debt and subordinated debentures, net	70	70	—	—	—
Accrued interest payable and other liabilities	43	45	35	33	—
Total liabilities	3,281	3,159	2,226	2,248	—
Commitments and contingencies (Note 12)	—	—	—	—	—
Preferred stock, no par value; 10,000,000 shares authorized, none issued and outstanding	0	0	0	0	—
Retained earnings	239	210	211	194	—
Accumulated other comprehensive loss, net of tax	−40	−55	−66	−81	—
Total shareholders equity	410	363	207	171	—
Total liabilities and shareholders equity	3,690	3,522	2,433	2,423	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net decrease (increase) in deferred loan costs	1	−200,000	786,000	−422,000	−3
Depreciation	3	2	891,000	755,000	897,000
Accretion of discounts on investment securities	−2	−2	−2	−2	—
Amortization of premiums on investment securities	8	9	9	10	—
Amortization of debt issuance costs	145,000	145,000	145,000	145,000	—
Accretion of premiums and discounts on acquired loans, net	−11	−10	−325,000	−521,000	—
Amortization of fair value marks on liabilities assumed	3	5	0	0	—
Stock-based compensation	1	879,000	858,000	776,000	562,000
Net realized losses on sales and calls of AFS securities	41,000	4	907,000	2	−501,000
Net loss (gain) on sale and disposal of equipment	40,000	−7,000	−402,000	−15,000	−8,000
Net gain on sale of foreclosed assets	−39,000	0	0	—	—
Net change in equity investments	−211,000	63,000	−91,000	858,000	218,000
Increase in bank-owned life insurance, net of expenses	−1	−1	−1	−985,000	−840,000
Gain on proceeds from death benefits	198,000	0	0	—	—
Net decrease (increase) in accrued interest receivable and other assets	5	982,000	−9	−7	−2
Net (decrease) increase in accrued interest payable and other liabilities	−6	−6	2	−7	9
Provision (benefit) for deferred income taxes	2	−867,000	110,000	224,000	1
Net cash provided by operating activities	46	22	28	24	43
Net cash and cash equivalents acquired in acquisition	0	59	0	0	—
Purchases of available-for-sale investment securities	−7	0	0	−302	−496
Proceeds from sales or calls of AFS securities	500,000	64	26	252	26
Proceeds from calls of HTM securities	14	20,000	35,000	0	0
Proceeds from maturity and principal repayment of AFS securities	29	60	38	68	55
Proceeds from principal repayments of HTM securities	2	2	2	1	0
Net increase in loans	−197	−113	−35	−216	61
Proceeds from sale of foreclosed assets	206,000	0	0	—	—
Purchases of premises and equipment	−3	−5	−10	−362,000	−1
Purchases of bank owned life insurance	0	−1	0	0	10
FHLB stock purchased	0	−350,000	−967,000	−574,000	0
Proceeds from sale of premises and equipment	117,000	22,000	3	15,000	9,000
Net cash (used in) provided by investing activities	−161	64	25	−197	−365
Net increase (decrease) in demand, interest-bearing and savings deposits	124	37	−152	−1	400
Net increase (decrease) in time deposits	59	−14	94	−22	184,000
Proceeds from borrowings from Federal Home Loan Bank	1,467	972	3,412	2,453	0
Repayments of borrowings to Federal Home Loan Bank	−1,529	−962	−3,423	−2,407	0
Proceeds from borrowings from other financial institutions	0	0	117	0	0
Repayments of borrowings from other financial institutions	0	−45	−72	0	0
Repayments of senior debt	−508,000	0	0	—	—
Purchase and retirement of common stock	−151,000	−38,000	−1,000	−7	14
Proceeds from stock issued under employee stock purchase plan	306,000	248,000	206,000	216,000	204,000
Proceeds from exercise of stock options	1	465,000	0	489,000	257,000
Cash dividend payments on common stock	−9	−8	−6	−6	−6
Net cash provided by (used in) financing activities	113	−20	−29	41	415
(Decrease) increase in cash and cash equivalents	−1	67	23	−132	93
Interest	46	49	20	3	1
Income taxes, net of refunds	8	3	8	8	8
Operating cash flows from operating leases	4	3	2	2	2
Unrealized gain on securities available for sale	20	13	19	−128	−10
Loans transferred to foreclosed assets	201,000	0	0	—	—
Right-of-use assets obtained in exchange for lease liabilities	4	5	0	—	—
Assets acquired	0	1,041	0	0	—
Liabilities assumed	0	−940	0	0	—

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