FALSE000112737100011273712025-01-232025-01-23

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: January 23, 2025
(Date of earliest event reported)
COMMUNITY WEST BANCSHARES
(Exact name of registrant as specified in its charter)
CA
(State or other jurisdiction
of incorporation)
000-31977
(Commission File Number)
77-0539125
(IRS Employer
Identification Number)
7100 N. Financial Dr., Ste. 101, Fresno, CA
(Address of principal executive offices)
93720
(Zip Code)
559-298-1775
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Common Stock, no par valueCWBCNASDAQ
(Title of Each Class)(Trading Symbol)(Name of Each Exchange on which Registered)
Not Applicable
(Former Name or Former Address, if changed since last report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act  o


Item 2.02. Results of Operations and Financial Condition

On January 23, 2025, Community West Bancshares issued a press release containing unaudited financial information and
accompanying discussion for the quarter ended December 31, 2024. On April 1, 2024, the Company, formerly named Central Valley Community Bancorp, completed its acquisition of Community West Bancshares and its wholly owned subsidiary, Community West Bank. Effective with the acquisition, the Company assumed the names Community West Bancshares and Community West Bank to reflect its expanded Central California territory. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 8.01. Other Events

On January 22, 2025 the Board of Directors of Community West Bancshares declared a $0.12 per share cash dividend
payable on February 21, 2025 to shareholders of record as of February 7, 2025.


Item 9.01. Financial Statements and Exhibits

(d) Exhibits


The information in this Form 8-K filed on January 23, 2025 shall not be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general
incorporation language in such filing.



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated:
January 23, 2025
COMMUNITY WEST BANCSHARES

By:  /s/ Shannon Livingston                  
       Shannon Livingston
       Executive Vice President and Chief Financial Officer (Principal
          Accounting Officer)



cwbclogoa.jpg
FOR IMMEDIATE RELEASE
COMMUNITY WEST BANCSHARES REPORTS EARNINGS RESULTS
FOR THE QUARTER ENDED DECEMBER 31, 2024, AND QUARTERLY DIVIDEND

FRESNO, CALIFORNIA...January 23, 2025...The Board of Directors of Community West Bancshares (“Company”) (NASDAQ: CWBC), the parent company of Community West Bank (“Bank”), reported today unaudited consolidated net income of $6,895,000, and diluted earnings per share of $0.36 for the three months ended December 31, 2024, compared to $5,893,000 and $0.50 per diluted common share for the three months ended December 31, 2023.
FINANCIAL HIGHLIGHTS
•Net income during the fourth quarter increased to $6.9 million, or $0.36 per diluted common share, compared to net income of $3.4 million and $0.18, respectively, in the third quarter of 2024.
•Gross loans increased by $37.1 million during the fourth quarter, or 6.46% on an annualized basis.
•Total cost of deposits decreased to 1.49% for the quarter ended December 31, 2024 compared to 1.69% for the quarter ended September 30, 2024.
•Average non-interest bearing demand deposit accounts as a percentage of total average deposits was 36.02% and 37.16% for the quarters ended December 31, 2024 and September 30, 2024, respectively.
•Net interest margin increased to 3.95% for the quarter ended December 31, 2024, from 3.69% for the quarter ended September 30, 2024.
•Capital positions remain strong at December 31, 2024 with a 9.17% Tier 1 Leverage Ratio; a 11.15% Common Equity Tier 1 Ratio; a 11.33% Tier 1 Risk-Based Capital Ratio; and a 13.58% Total Risk-Based Capital Ratio.
•The Company declared a $0.12 per common share cash dividend, payable on February 21, 2025 to shareholders of record as of February 7, 2025.

“The year 2024 will be remembered as a transformative chapter in the Company’s story – one that positions us for future success with a strengthened team, enhanced expertise, expanded Central California territory, greater technologies and product offerings, all to better serve our valued clients and communities,” said James J. Kim, President and CEO of the Bank and CEO of the Company.

“The synergies created by merging our two well-established companies is delivering a whole greater than its parts, as evidenced by combining a premier deposit base with strong asset generation, among other key advantages. This merger is a testament to the inspiring commitment and teamwork of our exceptional employees, whose passion for exceeding expectations and building lasting relationships with clients, communities and shareholders drives our continued success.”

“The fourth-quarter results were highlighted by an improved net interest margin, primarily driven by decreased interest expense on deposits and stable interest income. We are looking forward to building on this foundation as we head into 2025,” added Shannon Livingston, Executive Vice President and Chief Financial Officer.
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Community West Bancshares -- page 2
Results of Operations
Three months endedTwelve months ended
December 31,
September 30,
December 31,
December 31,
(In thousands, except share and per-share amounts) 20242024202320242023
Net interest income before (credit) provision for credit losses$32,024 $30,214 $20,115 $110,367 $82,429 
Provision (credit) for credit losses1,224 (518)(168)11,113 309 
Net interest income after provision (credit) for credit losses30,800 30,732 20,283 99,254 82,120 
Total non-interest income2,303 1,105 2,267 6,445 7,020 
Total non-interest expenses23,188 27,677 14,854 94,701 55,300 
Income before provision for income taxes9,915 4,160 7,696 10,998 33,840 
Provision for income taxes3,020 775 1,803 3,332 8,304 
Net income$6,895 $3,385 $5,893 $7,666 $25,536 

Statement Regarding use of Non-GAAP Financial Measures
In this press release, Community West Bancshares’s financial results are presented in accordance with GAAP and refer to certain non-GAAP financial measures. Management believes that presentation of operating results using non-GAAP financial measures provides useful supplemental information to investors and facilitates the analysis of the Company’s core operating results and comparison of operating results across reporting periods. Management also uses non-GAAP financial measures to establish budgets and manage the Company’s business. A reconciliation of the GAAP financial measures to comparable non-GAAP financial measures is presented below.



















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Community West Bancshares -- page 3
Reconciliation of GAAP and Non-GAAP Financial Measures
For the Three Months EndedFor the Twelve Months
 Ended December 31,
December 31,
September 30,
December 31,
December 31,
December 31,
(In thousands, except share and per-share amounts)20242024202320242023
NET INCOME:
Net income (GAAP)$6,895 $3,385 $5,893 $7,666 $25,536 
Merger and conversion related costs:
Provision for credit losses on acquired non purchased credit deteriorated (PCD) loans— — — 10,877 — 
Personnel and severance107 547 — 3,639 — 
Professional services— 229 581 2,240 1,191 
Data processing and technology293 1,975 — 2,961 — 
Other68 457 — 774 — 
Total merger and conversion related costs468 3,208 581 20,491 1,191 
Loss on sale of investment securities— 1,853 424 4,199 907 
Income tax benefit of non-core items(138)(1,496)(297)(7,298)(620)
Comparable net income (non-GAAP)$7,225 $6,950 $6,601 $25,058 $27,014 
DILUTED EARNINGS PER SHARE:
Weighted average diluted shares18,981,835 18,965,434 11,774,085 17,179,796 11,752,872 
Diluted earnings per share (GAAP)$0.36 $0.18 $0.50 $0.45 $2.17 
Comparable diluted earnings per share (non-GAAP)$0.38 $0.37 $0.56 $1.46 $2.30 
RETURN ON AVERAGE ASSETS
Average assets$3,524,115 $3,541,444 $2,416,929 $3,190,361 $2,460,358 
Return on average assets (GAAP)0.78 %0.38 %0.98 %0.24 %1.04 %
Comparable return on average assets (non-GAAP)0.82 %0.80 %1.09 %0.79 %1.10 %
RETURN ON AVERAGE EQUITY
Average stockholders' equity$365,208 $353,018 $184,463 $317,142 $184,878 
Return on average equity (GAAP)7.55 %3.84 %12.78 %2.42 %13.81 %
Comparable return on average equity (non-GAAP)7.91 %8.30 %14.31 %7.90 %14.61 %
EFFICIENCY RATIO
Non-interest expense (GAAP)$23,188 $27,677 $14,854 $94,701 $55,300 
Merger-related non-interest expenses(468)(3,208)(581)(20,491)(1,191)
Non-interest expense (non-GAAP)22,720 24,469 14,273 74,210 54,109 
Net interest income32,024 30,214 20,115 110,367 82,429 
Non-interest income2,303 1,105 2,267 6,445 7,020 
Loss on sale of investment securities— 1,853 424 4,199 907 
Non-interest income (non-GAAP)$2,303 $2,958 $2,691 $10,644 $7,927 
Efficiency ratio (GAAP)67.55 %90.87 %66.37 %81.07 %61.82 %
Comparable efficiency ratio (non-GAAP)66.19 %75.73 %62.58 %61.33 %59.88 %

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Community West Bancshares -- page 4
For the quarter ended December 31, 2024, the Company reported unaudited consolidated net income of $6,895,000 and diluted earnings per common share of $0.36, compared to consolidated net income of $3,385,000 and $0.18 per fully diluted share for the trailing quarter, and consolidated net income of $5,893,000 and $0.50 per diluted share for the same period in 2023. The earnings profile of the Company has improved during the quarter from improvement in the net interest income and margin and a decrease in merger expenses. The core system integration completion in the third quarter has allowed for the Company to begin implementation of cost savings strategies, some of which are reflected in the current quarter.

For the twelve months ended December 31, 2024, the Company reported unaudited consolidated net income of $7,666,000 and diluted earnings per common share of $0.45, compared to consolidated net income of $25,536,000 and $2.17 per diluted share for the same period in 2023. The earnings for the period were impacted by a provision for credit losses of $11,113,000 and an increase in total non-interest expense of $39,401,000, partially offset by an increase in net interest income before provision for credit losses of $27,938,000 and a decrease in the provision for income taxes of $4,972,000. Increases in non-interest expenses for the year-to-date period were impacted by merger and acquisition expenses and the additional operating expenses of the Central Valley Community Bancorp/Community West Bancshares (“merger”). For further details of these items, see the reconciliatoin of non-GAAP financial measures, above.

Annualized return on average equity (ROAE) for the quarter ended December 31, 2024 was 7.55%, compared to 12.78% for the same period of 2023. Annualized return on average assets (ROAA) was 0.78% for the quarter ended December 31, 2024 compared to 0.98% for the same period in 2023. The decrease in ROAE and ROAA is reflective of the reduced earnings due to merger and acquisition expenses.

The effective yield on average investment securities, including interest earning deposits in other banks and Federal funds sold, was 3.16% for the quarter ended December 31, 2024, compared to 3.18% for the quarter ended December 31, 2023 and 3.24% for the quarter ended September 30, 2024. The effective yield on average investment securities, including interest earning deposits in other banks and Federal funds sold, was 3.18% for the twelve months ended December 31, 2024, compared to 3.15% for the twelve months ended December 31, 2023.

Total average loans increased by $1,039,858,000 to $2,308,180,000 for the quarter ended December 31, 2024, from $1,268,322,000 for the quarter ended December 31, 2023 and increased by $28,135,000 from $2,280,045,000 for the quarter ended September 30, 2024. The year over year increase was primarily due to the consummation of the merger, in which loans with a fair value of $920,100,000 were recorded on the balance sheet as of April 1, 2024. The effective yield on average loans was 6.61% for the quarter ended December 31, 2024, compared to 5.62% and 6.53% for the quarters ended December 31, 2023 and September 30, 2024, respectively. Total average loans increased by $717,581,000 to $1,980,807,000 for the twelve months ended December 31, 2024, from $1,263,226,000 for the twelve months ended December 31, 2023. The effective yield on average loans was 6.58% for the twelve months ended December 31, 2024, compared to 5.53% for the twelve months ended December 31, 2023.

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Community West Bancshares -- page 5
The Company’s net interest margin (fully tax equivalent basis) was 3.95% for the quarter ended December 31, 2024, compared to 3.52% for the quarter ended December 31, 2023 and 3.69% for the quarter ended September 30, 2024. Net interest income, before provision for credit losses, increased by $11,909,000 or 59.20%, to $32,024,000 for the fourth quarter of 2024, compared to $20,115,000 for the same period in 2023. Over the last year, the Company's yield on interest earning assets has increased from 4.51% for the quarter ended December 31, 2023 to 5.59% for the quarter ended December 31, 2024. Additionally, the Company has been impacted by higher costs on interest-bearing liabilities, in which the cost of total deposits increased to 1.49% from 0.87% when comparing the quarters ended December 31, 2024 and 2023. The increase in the cost of deposits is primarily attributed to volume and rate increases in the money market and time deposit portfolios from both acquired deposits from the merger and the Company’s existing base. Net interest income during the three months ended December 31, 2024 and 2023 benefited by approximately 24 basis points ($1,909,000) and two basis points ($115,408), respectively, from the net accretion of fair value marks.

The Company’s net interest margin (fully tax equivalent basis) was 3.76% for the twelve months ended December 31, 2024, compared to 3.58% for the twelve months ended December 31, 2023. Net interest income, before provision for credit losses, increased $27,938,000 or 33.89%, to $110,367,000 for the twelve months ended December 31, 2024, compared to $82,429,000 for the same period in 2023. The accretion on loan marks of acquired loans increased interest income by $9,849,000 and $325,000 during the twelve months ended December 31, 2024 and 2023, respectively. Net interest income during the twelve months ended December 31, 2024 and 2023 benefited by approximately 15 basis points ($4,464,000) and two basis points ($325,000), respectively, from the net accretion of the fair value marks.

Non-Interest Income - The following tables present the key components of non-interest income for the periods indicated:
Three months ended
December 31,September 30,
(Dollars in thousands)20242024$ Change% Change
Service charges$456 $478 $(22)(4.6)%
Appreciation in cash surrender value of bank owned life insurance354 349 5 1.4 %
Interchange fees436 602 (166)(27.6)%
Loan placement fees232 251 (19)(7.6)%
Net realized losses on sales and calls of investment securities— (1,853)1,853 (100.0)%
Federal Home Loan Bank dividends241 238 3 1.3 %
Other income584 1,040 (456)(43.8)%
Total non-interest income$2,303 $1,105 $1,198 108.4 %

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Community West Bancshares -- page 6
Three months ended December 31,
(Dollars in thousands)20242023$ Change% Change
Service charges$456 $372 $84 22.6 %
Appreciation in cash surrender value of bank owned life insurance354 271 83 30.6 %
Interchange fees436 427 9 2.1 %
Loan placement fees232 169 63 37.3 %
Net realized losses on sales and calls of investment securities— (424)424 (100.0)%
Federal Home Loan Bank dividends241 148 93 62.8 %
Other income584 1,304 (720)(55.2)%
Total non-interest income$2,303 $2,267 $36 1.6 %

Twelve months ended December 31,
(Dollars in thousands)20242023$ Change% Change
Service charges$1,798 $1,503 $295 19.6 %
Appreciation in cash surrender value of bank owned life insurance1,325 1,035 290 28.0 %
Interchange fees2,078 1,780 298 16.7 %
Loan placement fees893 584 309 52.9 %
Net realized losses on sales and calls of investment securities(4,199)(907)(3,292)363.0 %
Federal Home Loan Bank dividends796 498 298 59.8 %
Other income3,754 2,527 1,227 48.6 %
Total non-interest income$6,445 $7,020 $(575)(8.2)%

The increase in total non-interest income for the three months ended December 31, 2024 as compared to the trailing quarter and prior year quarter was due to no loss on sales of securities in the fourth quarter. The year-to-date losses on investment securities increased as compared to the prior year. The increase in other income for the quarter ended December 31, 2024 and year-to-date compared to prior year was primarily due to income from other investments, net loan servicing income, and an increase in credit card merchant fees.













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Community West Bancshares -- page 7
Non-Interest Expense - The following table presents the key components of non-interest expense for the periods indicated:
Three months ended
December 31,September 30,
(Dollars in thousands)20242024$ Change% Change
Salaries and employee benefits$12,670 $13,710 $(1,040)(7.6)%
Occupancy and equipment2,826 2,687 139 5.2 %
Information technology1,518 1,878 (360)(19.2)%
Regulatory assessments446 437 9 2.1 %
Data processing expense738 1,288 (550)(42.7)%
Professional services638 861 (223)(25.9)%
ATM/Debit card expenses572 546 26 4.8 %
Advertising153 261 (108)(41.4)%
Directors’ expenses201 193 8 4.1 %
Merger and acquisition expense467 3,208 (2,741)(85.4)%
Loan related expenses 316 260 56 21.5 %
Personnel other112 53 59 111.3 %
Amortization of core deposit intangibles250 251 (1)(0.4)%
Other expense2,281 2,044 237 11.6 %
Total non-interest expenses$23,188 $27,677 $(4,489)(16.2)%

Three months ended December 31,
(Dollars in thousands)20242023$ Change% Change
Salaries and employee benefits$12,670 $7,885 $4,785 60.7 %
Occupancy and equipment2,826 1,715 1,111 64.8 %
Information technology1,518 919 599 65.2 %
Regulatory assessments446 388 58 14.9 %
Data processing expense738 672 66 9.8 %
Professional services638 768 (130)(16.9)%
ATM/Debit card expenses572 189 383 202.6 %
Advertising153 159 (6)(3.8)%
Directors’ expenses201 150 51 34.0 %
Merger and acquisition expense467 581 (114)(19.6)%
Loan related expenses 316 113 203 179.6 %
Personnel other112 30 82 273.3 %
Amortization of core deposit intangibles250 — 250 — %
Other expense2,281 1,285 996 77.5 %
Total non-interest expenses$23,188 $14,854 $8,334 56.1 %

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Community West Bancshares -- page 8

Twelve months ended December 31,
(Dollars in thousands)20242023$ Change% Change
Salaries and employee benefits$48,470 $31,367 $17,103 54.5 %
Occupancy and equipment9,479 5,726 3,753 65.5 %
Information technology5,940 3,616 2,324 64.3 %
Regulatory assessments1,837 1,312 525 40.0 %
Data processing expense3,748 2,621 1,127 43.0 %
Professional services2,825 2,234 591 26.5 %
ATM/Debit card expenses1,750 757 993 131.2 %
Advertising854 542 312 57.6 %
Directors’ expenses752 614 138 22.5 %
Merger and acquisition expense9,614 1,191 8,423 707.2 %
Loan related expenses 802 478 324 67.8 %
Personnel other345 404 (59)(14.6)%
Amortization of core deposit intangibles751 68 683 1004.4 %
Other expense7,534 4,370 3,164 72.4 %
Total non-interest expenses$94,701 $55,300 $39,401 71.2 %

During the fourth quarter of 2024, total non-interest expense decreased $4.5 million as compared to the trailing quarter. Non-interest expenses were heightened during 2024 due to the non-recurring merger related expenses and additional costs related to operating on two core systems until conversion was completed. Since systems integrations and re-branding across the footprint have been completed, cost savings have begun to materialize during the fourth quarter in salaries and employee benefits, information technology, data processing, professional services, and advertising.

Balance Sheet Summary
Total assets for the period ended December 31, 2024 increased $1,088,345,000 or 45%, compared to the period ended December 31, 2023. Total average assets for the quarter ended December 31, 2024 were $3,524,115,000 compared to $2,416,929,000 for the quarter ended December 31, 2023 and $3,541,444,000 for the quarter ended September 30, 2024, an increase of $1,107,186,000 or 45.81% and an decrease of $17,329,000 or 0.49%, respectively. As a result of the merger on April 1, the Company recorded goodwill of approximately $43 million and core deposit intangibles of $10.0 million.

For the quarter ended December 31, 2024, the Company’s average investment securities decreased by $138,616,000, or 13.98%, compared to the quarter ended December 31, 2023, and decreased by $42,827,000, or 4.78%, compared to the quarter ended September 30, 2024. This decrease was the result of sales and maturities of available for sale (AFS) securities, partially offset by improvements in the unrealized loss position of the remaining AFS securities.

In comparing the quarter ended December 31, 2024 to the quarters ended September 30, 2024 and December 31, 2023, total average gross loans increased by $28,135,000 or 1.23% and increased $1,039,858,000 or 81.99%, respectively.



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Community West Bancshares -- page 9

The following table shows the Company’s outstanding loan portfolio composition as of December 31, 2024 and December 31, 2023:
December 31, 2024
December 31, 2023
Loan Type (dollars in thousands)Amount% of TotalAmount% of Total
Commercial:
Commercial and industrial$143,422 6.1 %$105,466 8.2 %
Agricultural production37,323 1.6 %33,556 2.6 %
Total commercial180,745 7.7 %139,022 10.8 %
Real estate:
Construction & other land loans67,869 2.9 %33,472 2.6 %
Commercial real estate - owner occupied323,188 13.8 %215,146 16.7 %
Commercial real estate - non-owner occupied913,165 39.1 %539,522 41.9 %
Farmland139,815 6.0 %120,674 9.3 %
Multi-family residential133,595 5.7 %61,307 4.7 %
1-4 family - close-ended123,445 5.3 %96,558 7.5 %
1-4 family - revolving35,421 1.5 %27,648 2.1 %
Total real estate1,736,498 74.3 %1,094,327 84.8 %
Consumer:
Manufactured housing322,263 13.8 %— — %
Other installment92,839 4.0 %55,606 4.3 %
Total consumer415,102 17.8 %55,606 4.3 %
Net deferred origination costs1,876 0.1 %1,842 0.1 %
Total gross loans2,334,221 99.9 %1,290,797 100.0 %
Allowance for credit losses(25,803)(14,653)
Total loans$2,308,418 $1,276,144 

The composition of deposits at December 31, 2024 and December 31, 2023 is summarized in the table below:
December 31, 2024December 31, 2023
(Dollars in thousands)Amount% of TotalAmount% of Total
NOW accounts$470,548 16.2 %$251,334 12.3 %
MMA accounts843,145 29.0 %497,043 24.4 %
Time deposits443,284 15.2 %162,085 7.9 %
Savings deposits172,976 5.9 %179,609 8.8 %
Total interest-bearing1,929,953 66.3 %1,090,071 53.4 %
Non-interest bearing980,824 33.7 %951,541 46.6 %
Total deposits$2,910,777 100.0 %$2,041,612 100.0 %

Total average deposits increased $789,826,000 or 37.34%, to $2,904,868,000 for the quarter ended December 31, 2024, compared to $2,115,042,000 for the quarter ended December 31, 2023, and decreased $30,083,000, or 1.02%, compared to $2,934,951,000 for the quarter ended September 30, 2024. The Company’s ratio of average non-interest bearing deposits to total deposits was 36.02% for the quarter ended December 31, 2024, compared to 46.61% and 37.16% for the quarters ended December 31, 2023 and September 30, 2024, respectively.
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Community West Bancshares -- page 10

The Company has significant liquidity, both on and off-balance sheet, to meet customer demand. During the year-to-date period, the Company’s cash and cash equivalents increased $66,670,000 to $120,398,000 compared to $53,728,000 at December 31, 2023. The Company had $133,442,000, net of discount, in short-term borrowings at December 31, 2024 compared to $132,508,000 at December 31, 2023.

At December 31, 2024 and December 31, 2023, the Company had the following sources of primary and secondary liquidity:

Liquidity Sources (in thousands)
December 31, 2024
December 31, 2023
Cash and cash equivalents$120,398 $53,728 
Unpledged investment securities403,669 574,633 
Excess pledged securities69,866 116,740 
FHLB borrowing availability576,556 307,483 
FRB Bank Term Funding Program (BTFP) availability (1)— 1,174 
Unsecured lines of credit availability110,000 110,000 
Funds available through FRB discount window3,828 4,448 
Total$1,284,317 $1,168,206 
(1) The BFTP was discontinued by the FRB as of March 2024. No further advances are available under this program.


Credit Quality
During the fourth quarter of 2024, the Company recorded net loan charge-offs of $59,000 compared to $170,000 in net recoveries for the same period in 2023. The net charge-off ratio reflects annualized net charge-offs to average loans of 0.01% for the quarter ended December 31, 2024, compared to annualized net recoveries of 0.05% for the quarter ended December 31, 2023. During the quarter ended December 31, 2024, the Company recorded a provision of $971,000 for credit losses on loans, compared to a $1,051,000 credit to the provision for loan losses for the quarter ended December 31, 2023. In addition to the provision of credit losses on loans for the quarter ended December 31, 2024, the Company recorded a provision for credit losses on held-to-maturity securities of $299,000 as compared to a provision of $770,000 in the prior year quarter. The Company recorded a credit to the provision for unfunded loan commitments totaling $46,000 for the quarter ended December 31, 2024 compared to a provision of $113,000 in the prior year quarter.

The following table shows the Company’s loan portfolio, net of deferred costs, allocated by management’s internal risk ratings:
Loan Risk Rating (In thousands)December 31, 2024% of TotalSeptember 30, 2024% of TotalDecember 31, 2023% of Total
Pass$2,272,543 97.4 %$2,228,707 97.0 %$1,261,496 97.7 %
Special mention17,384 0.7 %28,799 1.3 %9,000 0.7 %
Substandard44,294 1.9 %39,637 1.7 %20,301 1.7 %
Doubtful— — — 
Total$2,334,221 100.0 %$2,297,143 100.0 %$1,290,797 100.1 %
At December 31, 2024, the allowance for credit losses for loans was $25,803,000, compared to $14,653,000 at December 31, 2023, a net increase of $11,150,000 reflecting a provision for loan losses of $10,792,000, an increase in the allowance for PCD loans of $821,000, and net charge-offs during the period. The year-to-date provision was due to the acquisition of loans from the merger as of April 1, 2024. The allowance for
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Community West Bancshares -- page 11
credit losses as a percentage of total loans was 1.11% and 1.14% as of December 31, 2024 and December 31, 2023, respectively. The Company believes the allowance for credit losses is adequate to provide for expected credit losses within the loan portfolio at December 31, 2024.
Cash Dividend Declared
On January 22, 2025, the Board of Directors of the Company declared a regular quarterly cash dividend of $0.12 per share on the Company’s common stock. The dividend is payable on February 21, 2025 to shareholders of record as of February 7, 2025. The Company continues to be well capitalized and expects to maintain adequate capital levels.


Company Overview
Effective on April 1, 2024, Central Valley Community Bancorp completed its merger transaction with Community West Bancshares. Shortly thereafter Community West Bank, a wholly owned subsidiary of Community West Bancshares, merged with and into Central Valley Community Bank, a wholly-owned
subsidiary of Central Valley Community Bancorp, with Central Valley Community Bank being the surviving banking institution. Effective with these mergers, the corporate names of Central Valley Community Bancorp and Central Valley Community Bank were changed to Community West Bancshares and Community West Bank, respectively.

Community West Bancshares (“Company”) (NASDAQ: CWBC) and its wholly owned subsidiary, Community West Bank (“Bank”), are headquartered in Fresno, California. The Company was established in 1979 with the vision to help businesses and communities by exceeding expectations at every opportunity, and opened its first Banking Center on January 10, 1980. Today, the Bank operates full-service Banking Centers throughout Central California and maintains a variety of departments supporting Commercial Lending, Agribusiness, SBA, Residential Construction and Mortgage, Manufactured Housing, Private Banking and Cash Management.

Members of the Company and Bank Board of Directors are: Daniel J. Doyle (Chairman), Robert H. Bartlein (Vice Chairman), James J. Kim (CEO of the Company and President and CEO of the Bank), Martin E. Plourd (President of the Company), Suzanne M. Chadwick, Daniel N. Cunningham, Tom L. Dobyns, F.T. “Tommy” Elliott IV, Robert J. Flautt, James W. Lokey, Andriana D. Majarian, Steven D. McDonald, Dorothea D. Silva, William S. Smittcamp and Kirk B. Stovesand. Louis C. McMurray is Director Emeritus.

More information about Community West Bancshares and Community West Bank can be found at www.communitywestbank.com. Also, follow the Company on LinkedIn, X and Facebook.

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Community West Bancshares -- page 12

Forward-looking Statements- Certain matters set forth herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company’s current business plans and expectations regarding future operating results. Forward-looking statements may include, but are not limited to, the use of forward-looking language, such as “likely result in,” “expects,” “anticipates,” “estimates,” “forecasts,” “projects,” “intends to,” or may include other similar words or phrases, such as “believes,” “plans,” “trend,” “objective,” “continues,” “remains,” or similar expressions, or future or conditional verbs, such as “will,” “would,” “should,” “could,” “may,” “might,” “can,” or similar verbs. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those projected. These risks and uncertainties, some of which are beyond our control, include, but are not limited to: current and future business, economic and market conditions in the United States generally or in the communities we serve, including the effects of declines in property values and overall slowdowns in economic growth should these events occur; inflationary pressures and changes in the interest rate environment that reduce our margins and yields, the fair value of financial instruments or our level of loan originations, or increase the level of defaults, losses and prepayments on loans we have made and make, whether held in the portfolio or in the secondary market; effects of and changes in trade, monetary and fiscal policies and laws, including the interest rate policies of the Federal Open Market Committee of the Federal Reserve Board; geopolitical and domestic political developments that can increase levels of political and economic unpredictability, contribute to rising energy and commodity prices, and increase the volatility of financial markets; changes in the level of nonperforming assets and charge offs and other credit quality measures, and their impact on the adequacy of our allowance for credit losses and our provision for credit losses; factors that can impact the performance of our loan portfolio, including real estate values and liquidity in our primary market areas, the financial health of our commercial borrowers, and the success of construction projects that we finance; our ability to achieve loan growth and attract deposits in our market area, the impact of the cost of deposits and our ability to retain deposits; liquidity issues, including fluctuations in the fair value and liquidity of the securities we hold for sale and our ability to raise additional capital, if necessary; continued or increasing competition from other financial institutions, credit unions, and non-bank financial services companies; challenges arising from attempts to expand into new geographic markets, products, or services; restraints on the ability of Community West Bank to pay dividends to us, which could limit our liquidity; increased capital requirements imposed by banking regulators, which may require us to raise capital at a time when capital is not available on favorable terms or at all; inaccuracies in our assumptions about future events, which could result in material differences between our financial projections and actual financial performance; changes in our management personnel or our inability to retain, motivate and hire qualified management personnel; disruptions, security breaches, or other adverse events, failures or interruptions in, or attacks on, our information technology systems; disruptions, security breaches, or other adverse events affecting the third-party vendors who perform critical processing functions; an inability to keep pace with the rate of technological advances due to a lack of resources to invest in new technologies; risks related to the merger, including, among others, the expected business expansion may be less successful as projected, deposit attrition, customer or employee loss and/or revenue loss as a result of the merger; natural disasters, such as earthquakes, wildfires, drought, pandemic diseases (such as the coronavirus) or extreme weather events, any of which may affect services we use or affect our customers, employees or third parties with which we conduct business; compliance with governmental and regulatory requirements, relating to banking, consumer protection, securities and tax matters; and our ability to the manage the foregoing.

The foregoing factors should not be construed as exhaustive and should be read together with the other cautionary statements included in this report. Because of these risks and other uncertainties, our actual future results, performance or achievement, or industry results, may be materially different from the results indicated by the forward looking statements in this report. In addition, our past results of operations are not necessarily indicative of our future results. You should not rely on any forward looking statements, which represent our beliefs, assumptions and estimates only as of the dates on which they were made, as predictions of future events. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

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Community West Bancshares -- page 13
COMMUNITY WEST BANCSHARES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
December 31,
September 30,
December 31,
(In thousands, except share amounts)202420242023
ASSETS
Cash and due from banks$28,029 $44,418 $30,017 
Interest-earning deposits in other banks92,369 104,595 23,711 
Total cash and cash equivalents120,398 149,013 53,728 
Available-for-sale debt securities, at fair value, net of allowance for credit losses of $0, with an amortized cost of $547,387 at December 31, 2024, $553,963 at September 30, 2024, and $669,646 at December 31, 2023
477,113 503,964 597,196 
Held-to-maturity debt securities, at amortized cost less allowance for credit losses of $1,156, $857, and $1,051 at December 31, 2024, September 30, 2024, and December 31, 2023, respectively301,359 301,920 302,442 
Equity securities, at fair value6,586 6,790 6,649 
Loans, less allowance for credit losses of $25,803, $24,891, and $14,653 at December 31, 2024, September 30, 2024, and December 31, 2023, respectively2,308,418 2,272,252 1,276,144 
Bank premises and equipment, net24,469 23,524 14,042 
Bank owned life insurance53,319 51,515 41,572 
Federal Home Loan Bank stock10,978 10,978 7,136 
Goodwill96,828 96,379 53,777 
Core deposit intangibles9,268 9,518 — 
Accrued interest receivable and other assets113,035 105,445 80,740 
Total assets$3,521,771 $3,531,298 $2,433,426 
LIABILITIES AND SHAREHOLDERS’ EQUITY 
Deposits:
Non-interest bearing$980,824 $1,076,423 $951,541 
Interest bearing1,929,953 1,845,272 1,090,071 
Total deposits2,910,777 2,921,695 2,041,612 
Short-term borrowings133,442 132,508 80,000 
Senior debt and subordinated debentures69,889 69,853 69,744 
Accrued interest payable and other liabilities44,978 43,727 35,006 
Total liabilities3,159,086 3,167,783 2,226,362 
Shareholders’ equity:
Preferred stock, no par value; 10,000,000 shares authorized, none issued and outstanding
— — — 
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 18,974,647, 18,945,593, and 11,818,039 at December 31, 2024, September 30, 2024, and December 31, 2023, respectively 207,816 207,164 62,550 
Retained earnings209,984 205,362 210,548 
Accumulated other comprehensive loss, net of tax(55,115)(49,011)(66,034)
Total shareholders’ equity362,685 363,515 207,064 
Total liabilities and shareholders’ equity$3,521,771 $3,531,298 $2,433,426 

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Community West Bancshares -- page 14
COMMUNITY WEST BANCSHARES
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)    
For the Three Months EndedFor the Twelve Months Ended
December 31,September 30,December 31,December 31,December 31,
(In thousands, except share and per-share amounts)20242024202320242023
INTEREST INCOME:
Interest and fees on loans$38,247 $37,422 $17,952 $130,166 $69,803 
Interest on deposits in other banks1,311 1,537 646 4,355 3,576 
Interest and dividends on investment securities:
Taxable4,602 4,954 5,825 20,384 23,437 
Exempt from Federal income taxes1,319 1,372 1,398 5,483 5,602 
Total interest income45,479 45,285 25,821 160,388 102,418 
INTEREST EXPENSE:
Interest on deposits10,888 12,493 4,636 40,666 15,527 
Interest on short-term borrowings1,651 1,660 149 5,690 810 
Interest on senior debt and subordinated debentures916 918 921 3,665 3,652 
Total interest expense13,455 15,071 5,706 50,021 19,989 
Net interest income before (credit) provision for credit losses32,024 30,214 20,115 110,367 82,429 
PROVISION (CREDIT) FOR CREDIT LOSSES1,224 (518)(168)11,113 309 
Net interest income after (credit) provision for credit losses30,800 30,732 20,283 99,254 82,120 
NON-INTEREST INCOME: 
Service charges456 478 372 1,798 1,503 
Net realized losses on sales and calls of investment securities— (1,853)(424)(4,199)(907)
Other income1,847 2,480 2,319 8,846 6,424 
Total non-interest income2,303 1,105 2,267 6,445 7,020 
NON-INTEREST EXPENSES:
Salaries and employee benefits12,670 13,710 7,885 48,470 31,367 
Occupancy and equipment2,826 2,687 1,715 9,479 5,726 
Other expense7,692 11,280 5,254 36,752 18,207 
Total non-interest expenses23,188 27,677 14,854 94,701 55,300 
Income before provision for income taxes9,915 4,160 7,696 10,998 33,840 
PROVISION FOR INCOME TAXES3,020 775 1,803 3,332 8,304 
Net income$6,895 $3,385 $5,893 $7,666 $25,536 
Net income per common share:
Basic earnings per common share$0.37 $0.18 $0.50 $0.45 $2.17 
Weighted average common shares used in basic computation18,860,895 18,843,606 11,745,548 17,077,017 11,728,858 
Diluted earnings per common share$0.36 $0.18 $0.50 $0.45 $2.17 
Weighted average common shares used in diluted computation18,981,835 18,965,434 11,774,085 17,179,796 11,752,872 
Cash dividends per common share$0.12 $0.12 $0.12 $0.48 $0.48 
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Community West Bancshares -- page 15
COMMUNITY WEST BANCSHARES
CONDENSED CONSOLIDATED INCOME STATEMENTS
(Unaudited)
Dec. 31,Sep. 30,June 30,Mar. 31,Dec. 31,
For the three months ended20242024202420242023
(In thousands, except share and per share amounts)
Net interest income$32,024 $30,214 $29,057 $19,073 $20,115 
Provision (credit) for credit losses1,224 (518)9,831 575 (168)
Net interest income after provision (credit) for credit losses30,800 30,732 19,226 1922600018,498 20,283 
Total non-interest income2,303 1,105 1,400 1,636 2,267 
Total non-interest expense23,188 27,677 28,503 15,333 14,854 
Provision (benefit) for income taxes3,020 775 (1,587)1,125 1,803 
Net income (loss)$6,895 $3,385 $(6,290)$3,676 $5,893 
Basic earnings (loss) per common share$0.37 $0.18 $(0.33)$0.31 $0.50 
Weighted average common shares used in basic computation18,860,895 18,843,606 18,814,020 11,750,528 11,745,548 
Diluted earnings (loss) per common share$0.36 $0.18 $(0.33)$0.31 $0.50 
Weighted average common shares used in diluted computation18,981,835 18,965,434 18,937,036 11,790,231 11,774,085 

COMMUNITY WEST BANCSHARES
SELECTED RATIOS
(Unaudited)
Dec. 31,Sep. 30,Jun. 30,Mar. 31,Dec. 31,
As of and for the three months ended20242024202420242023
(Dollars in thousands, except per share amounts)
Allowance for credit losses to total loans1.11 %1.08 %1.11 %1.14 %1.14 %
Non-performing assets to total assets0.18 %0.09 %0.08 %— %— %
Total non-performing assets$6,461 $3,250 $2,806 $— $— 
Total nonaccrual loans$6,461 $3,250 $2,806 $— $— 
Total substandard loans$44,294 $39.637 $39.647 $18,968 $20,301 
Total special mention loans$17,384 $28.799 $25.576 $5,595 $9,000 
Net loan charge-offs (recoveries)$59 $(162)$41 $525 $(170)
Net charge-offs (recoveries) to average loans (annualized)0.01 %(0.03)%0.01 %0.16 %(0.05)%
Book value per share$19.11 $19.19 $18.49 $17.89 $17.52 
Tangible book value per share (1)$13.52 $13.60 $12.89 $13.35 $12.97 
Total equity$362,685 $363,515 $350,242 $211,717 $207,064 
Tangible common equity (1)$256,589 $257,618 $244,044 $157,935 $153,287 
Cost of total deposits1.49 %1.69 %1.71 %0.98 %0.87 %
Interest and dividends on investment securities exempt from Federal income taxes$1,319 $1,372 $1,396 $1,396 $1,398 
Net interest margin (calculated on a fully tax equivalent basis) (2)3.95 %3.69 %3.65 %3.42 %3.52 %
Return on average assets (3)0.78 %0.38 %(0.73)%0.61 %0.98 %
Return on average equity (3)7.55 %3.84 %(7.39)%7.08 %12.78 %
Loan to deposit ratio80.19 %78.62 %78.65 %63.34 %63.33 %
Efficiency ratio67.55 %88.37 %93.58 %74.04 %66.37 %
Tier 1 leverage - Bancorp9.17 %9.38 %9.14 %9.34 %9.18 %
Tier 1 leverage - Bank10.94 %11.24 %11.03 %11.95 %11.75 %
Common equity tier 1 - Bancorp11.15 %11.12 %11.36 %12.94 %12.78 %
Common equity tier 1 - Bank13.54 %13.55 %13.94 %16.94 %16.76 %
Tier 1 risk-based capital - Bancorp11.33 %11.30 %11.55 %13.24 %13.07 %
Tier 1 risk-based capital - Bank13.54 %13.55 %13.94 %16.94 %16.76 %
Total risk-based capital - Bancorp13.58 %13.55 %13.87 %16.25 %16.08 %
Total risk based capital - Bank14.54 %14.53 %14.96 %17.92 %17.74 %
(1) Non-GAAP measure. Tangible common equity equals totals shareholder’s equity ($362,685) minus goodwill and core deposit intangible ($106,096). Tangible book value per share equals tangible common equity total ($256,589) divided by shares outstanding 18,974,647.
(2) Net Interest Margin is computed by dividing annualized quarterly net interest income by quarterly average interest-bearing assets.
(3) Computed by annualizing quarterly net income.
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Community West Bancshares -- page 16
COMMUNITY WEST BANCSHARES
SCHEDULE OF AVERAGE BALANCES AND AVERAGE YIELDS AND RATES
(Unaudited)

 
For the Three Months Ended
December 31, 2024
For the Three Months Ended
September 30, 2024
For the Three Months Ended
December 31, 2023
(Dollars in thousands)Average
Balance		Interest
Income/
Expense		Average
Interest
Rate		Average
Balance		Interest
Income/
Expense		Average
Interest
Rate		Average
Balance		Interest
Income/
Expense		Average
Interest
Rate
ASSETS      
Interest-earning deposits in other banks$106,464 $1,311 4.93 %$118,906 $1,537 5.17 %$46,886 $646 5.51 %
Securities
Taxable securities611,747 4,602 3.01 %645,319 4,954 3.07 %736,259 5,825 3.16 %
Non-taxable securities (1)240,850 1,669 2.77 %250,105 1,736 2.78 %254,954 1,770 2.78 %
Total investment securities852,597 6,271 2.94 %895,424 6,690 2.99 %991,213 7,595 3.06 %
Total securities and interest-earning deposits959,061 7,582 3.16 %1,014,330 8,227 3.24 %1,038,099 8,241 3.18 %
Loans (2) (3)2,302,768 38,247 6.61 %2,278,313 37,422 6.53 %1,268,322 17,952 5.62 %
Total interest-earning assets3,261,829 $45,829 5.59 %3,292,643 $45,649 5.52 %2,306,421 $26,193 4.51 %
Allowance for credit losses(24,907)  (25,040)(15,677)  
Non-accrual loans5,412   1,732 —   
Cash and due from banks35,177   32,303 27,949   
Bank premises and equipment24,236   21,602 12,873   
Other assets222,368   218,204 85,363   
Total average assets$3,524,115   $3,541,444 $2,416,929   
LIABILITIES AND SHAREHOLDERS’ EQUITY      
Interest-bearing liabilities:      
Savings and NOW accounts$545,763 $749 0.55 %$476,620 $249 0.21 %$436,817 $189 0.17 %
Money market accounts856,266 5,215 2.42 %887,843 6,501 2.91 %530,379 2,805 2.10 %
Time certificates of deposit456,381 4,924 4.29 %479,944 5,743 4.76 %162,058 1,642 4.02 %
Total interest-bearing deposits1,858,410 10,888 2.33 %1,844,407 12,493 2.69 %1,129,254 4,636 1.63 %
Other borrowed funds208,238 2,567 4.93 %202,676 2,578 5.09 %81,826 1,070 5.23 %
Total interest-bearing liabilities2,066,648 $13,455 2.59 %2,047,083 $15,071 2.93 %1,211,080 $5,706 1.87 %
Non-interest bearing demand deposits1,046,458   1,090,544 985,788   
Other liabilities45,801   50,799 35,598   
Shareholders’ equity365,208   353,018 184,463   
Total average liabilities and shareholders’ equity$3,524,115   $3,541,444 $2,416,929   
Interest income and rate earned on average earning assets $45,829 5.59 %$45,649 5.52 % $26,193 4.51 %
Interest expense and interest cost related to average interest-bearing liabilities 13,455 2.59 %15,071 2.93 % 5,706 1.87 %
Net interest income and net interest margin (4) $32,374 3.95 %$30,578 3.69 % $20,487 3.52 %

(1)    Calculated on a fully tax equivalent basis, which includes Federal tax benefits relating to income earned on municipal bonds totaling $351, $365, and $372 at December 31, 2024, September 30, 2024, and December 31, 2023, respectively.
(2)    Loan interest income includes loan (costs) fees of $(117), $(294), and $38 at December 31, 2024, September 30, 2024, and December 31, 2023, respectively.
(3)    Average loans do not include non-accrual loans but do include interest income recovered from previously charged off loans.
(4)    Net interest margin is computed by dividing net interest income by total average interest-earning assets.















Community West Bancshares -- page 17

 For the Twelve Months Ended
December 31, 2024		For the Twelve Months Ended
December 31, 2023
(Dollars in thousands)Average
Balance		Interest
Income/
Expense		Average
Interest
Rate		Average
Balance		Interest
Income/
Expense		Average
Interest
Rate
ASSETS      
Interest-earning deposits in other banks$83,251 $4,355 5.23 %$67,749 $3,576 5.28 %
Securities
Taxable securities663,230 20,384 3.07 %760,140 23,437 3.08 %
Non-taxable securities (1)249,584 6,940 2.78 %256,196 7,091 2.77 %
Total investment securities912,814 27,324 2.99 %1,016,336 30,528 3.00 %
Total securities and interest-earning deposits996,065 31,679 3.18 %1,084,085 34,104 3.15 %
Loans (2) (3)1,978,386 130,166 6.58 %1,263,226 69,803 5.53 %
Total interest-earning assets2,974,451 $161,845 5.44 %2,347,311 2347311000$103,907 4.43 %
Allowance for credit losses(22,635)  (14,312)
Non-accrual loans2,421   — 
Cash and due from banks29,884  27,671 
Bank premises and equipment20,297  10,465 
Other assets185,943  89,223 
Total average assets$3,190,361   $2,460,358 
LIABILITIES AND SHAREHOLDERS’ EQUITY   
Interest-bearing liabilities:   
Savings and NOW accounts$481,447 $1,464 0.30 %$473,102 $611 0.13 %
Money market accounts759,203 20,284 2.67 %531,013 8,910 1.68 %
Time certificates of deposit389,667 18,918 4.85 %163,220 6,006 3.68 %
Total interest-bearing deposits1,630,317 40,666 2.49 %1,167,335 15,527 1.33 %
Other borrowed funds178,627 9,355 5.24 %86,250 4,462 5.17 %
Total interest-bearing liabilities1,808,944 $50,021 2.76 %1,253,585 $19,989 1.59 %
Non-interest bearing demand deposits1,025,611   987,906 
Other liabilities38,664   33,989 
Shareholders’ equity317,142   184,878 
Total average liabilities and shareholders’ equity$3,190,361   $2,460,358 
Interest income and rate earned on average earning assets $161,845 5.44 %$103,907 4.43 %
Interest expense and interest cost related to average interest-bearing liabilities 50,021 2.76 %19,989 1.59 %
Net interest income and net interest margin (4) $111,824 3.76 %$83,918 3.58 %

(1)    Calculated on a fully tax equivalent basis, which includes Federal tax benefits relating to income earned on municipal bonds totaling $1,457 and $1,489 at December 31, 2024 and December 31, 2023, respectively.
(2)    Loan interest income includes loan (costs) fees of $(622) and $(11) at December 31, 2024 and December 31, 2023, respectively.
(3)    Average loans do not include non-accrual loans but do include interest income recovered from previously charged off loans.
(4)    Net interest margin is computed by dividing net interest income by total average interest-earning assets.




CONTACTS: Investor Contact:                     Media Contact:
Shannon Livingston                    Debbie Nalchajian-Cohen
Executive Vice President, Chief Financial Officer        Public Relations
Community West Bancshares                Community West Bancshares
916-235-4617                    559-222-1322

v3.24.4
Cover
Jan. 23, 2025
Cover [Abstract]  
Document Type 8-K
Document Period End Date Jan. 23, 2025
Entity Registrant Name COMMUNITY WEST BANCSHARES
Entity Incorporation, State or Country Code CA
Entity File Number 000-31977
Entity Tax Identification Number 77-0539125
Entity Address, Address Line One 7100 N. Financial Dr., Ste. 101
Entity Address, City or Town Fresno
Entity Address, State or Province CA
Entity Address, Postal Zip Code 93720
City Area Code 559
Local Phone Number 298-1775
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Amendment Flag false
Entity Central Index Key 0001127371
Title of 12(b) Security Common Stock, no par value
Trading Symbol CWBC
Security Exchange Name NASDAQ
Community West Bancshares (NASDAQ:CWBC)
Graphique Historique de l'Action
De Déc 2024 à Jan 2025 Plus de graphiques de la Bourse Community West Bancshares
Community West Bancshares (NASDAQ:CWBC)
Graphique Historique de l'Action
De Jan 2024 à Jan 2025 Plus de graphiques de la Bourse Community West Bancshares