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FOR IMMEDIATE RELEASE
COMMUNITY WEST BANCSHARES REPORTS EARNINGS RESULTS
FOR THE QUARTER ENDED JUNE 30, 2025,
QUARTERLY DIVIDEND, AND SHARE REPURCHASE PROGRAM

FRESNO, CALIFORNIA...July 17, 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 $7,832,000, and diluted earnings per share of $0.41 for the three months ended June 30, 2025, compared to a net loss of $6,290,000 and $0.33 per diluted common share for the three months ended June 30, 2024. The Company declared a $0.12 per common share cash dividend, payable on August 15, 2025 to shareholders of record as of August 1, 2025.

The Board of Directors of the Company approved the adoption of a share repurchase program for up to 3% of the Company’s outstanding common stock, which represents approximately 573,915 shares based on the total number of outstanding common shares as of July 16, 2025. The share repurchase program will begin on July 22, 2025. The Company will repurchase shares in open-market transactions through brokers, subject to availability, or in privately negotiated transactions. All repurchases will be made at management’s discretion, subject to market conditions and other factors, and in compliance with regulatory requirements.
FINANCIAL HIGHLIGHTS
•Net income during the second quarter decreased to $7.8 million, or $0.41 per diluted common share, compared to net income of $8.3 million and $0.44, respectively, in the first quarter of 2025. The decrease in net income as compared to the trailing quarter was attributable to the increased provision for loan losses during the quarter.
•The Company recorded a provision for credit losses of $2.61 million during the quarter ended June 30, 2025, as compared to a credit to the provision for credit losses of $41,000 during the trailing quarter. The change is attributed to an increase in required reserves totaling $2.64 million on loans, an increase of $161,000 in reserves for unfunded commitments, partially offset by a credit to the provision for HTM securities of $188,000. The additional provision during the quarter was due to strong loan growth and deteriorating economic forecasts as compared to the prior quarter.
•Gross loans increased by $52.5 million or 2.20% for the quarter ended June 30, 2025 compared to the quarter ended March 31, 2025 and increased $65.2 million or 2.80% year-to-date.
•Totals deposits increased by $66.0 million or 2.30% compared to the quarter ended March 31, 2025 and $84.1 million or 2.90% year-to-date.
•Total cost of deposits decreased to 1.43% for the quarter ended June 30, 2025 compared to 1.45% and 1.49% for the quarters ended March 31, 2025 and December 31, 2024, respectively.
•Average non-interest bearing demand deposit accounts as a percentage of total average deposits totaled 34.48% and 34.30% for the quarters ended June 30, 2025 and March 31, 2025, respectively.
•Net interest margin increased to 4.10% for the quarter ended June 30, 2025, from 4.04% and 3.95% for the quarters ended March 31, 2025 and December 31, 2024, respectively.
•Capital positions remain strong at June 30, 2025 with a 9.48% Tier 1 Leverage Ratio; a 11.42% Common Equity Tier 1 Ratio; a 11.59% Tier 1 Risk-Based Capital Ratio; and a 13.89% Total Risk-Based Capital Ratio.


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Community West Bancshares -- page 2

Reflecting on the first half of 2025, James J. Kim, CEO of the Company, stated, “Midway through 2025, the economic environment and business climate remains uncertain. Key industries across our Central California territory feel the effects of persistent inflation, evolving federal policy including its impact on labor and ongoing trade tensions. Despite these headwinds, the Company remains well-positioned, supported by a strong deposit base, prudent credit management and robust levels of capital and liquidity.”

“Our disciplined approach, combined with longstanding client relationships and a strong team culture focused on exceeding service expectations, continues to drive performance and stability – even amid the uncertainties in our environment.”

“The second quarter 2025 results evidence the continued progress of our Company’s 2024 merger, highlighting the strength of our expanded team, synergies on both the revenue and expense front, broader Central California footprint and well-capitalized balance sheet,” said Shannon Livingston, Executive Vice President and Chief Financial Officer.

“We’re proud of the Company’s continued momentum, reflected in five consecutive quarters of increasing net interest margin. Importantly, the Company’s cost of deposits declined compared to both the prior quarter and year-end 2024, underscoring the strength of our client relationships. Gross loans and total deposits increased during the second quarter and year-to-date. Overall, Company results reflect a positive trajectory and operational strength.”

Results of Operations
Three months ended
June 30,
March 31,
June 30,
(In thousands, except share and per-share amounts) 202520252024
Net interest income before provision (credit) for credit losses$33,304 $32,182 $29,057 
Provision (credit) for credit losses2,613 (41)9,831 
Net interest income after provision (credit) for credit losses30,691 32,223 19,226 
Total non-interest income2,364 2,611 1,400 
Total non-interest expenses22,296 23,470 28,503 
Income (loss) before provision for income taxes10,759 11,364 (7,877)
Provision (benefit) for income taxes2,927 3,071 (1,587)
Net income (loss)$7,832 $8,293 $(6,290)

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

Three months ended For the Six Months Ended
June 30,March 31,June 30,
June 30,
June 30,
(Dollars in thousands)20252025202420252024
PRE-TAX PRE-PROVISION RETURN ON AVERAGE ASSETS OR EQUITY
Net income (loss) (GAAP)$7,832 $8,293 $(6,290)$16,125 $(2,614)
Exclude provision (benefit) for income taxes2,927 3,071 (1,587)5,998 (463)
Exclude provision (credit) for credit losses2,613 (41)9,831 2,572 10,407 
Net income before income tax and provision expense (Non-GAAP)$13,372 $11,323 $1,954 $24,695 $7,330 
RETURN ON AVERAGE ASSETS (Annualized)
Average assets$3,553,327 $3,528,337 $3,468,433 $3,540,901 $2,944,622 
Return on average assets (GAAP)0.88 %0.94 %(0.73)%0.91 %(0.18)%
Pre-tax pre-provision return on average assets (Non-GAAP)1.51 %1.28 %0.23 %1.39 %0.50 %
RETURN ON AVERAGE EQUITY (Annualized)
Average stockholders' equity$377,413 $369,903 $334,809 $373,735 $271,238 
Return on average equity (GAAP)8.30 %8.97 %(7.39)%8.63 %(1.91)%
Pre-tax pre-provision return on average equity (Non-GAAP)14.17 %12.24 %2.33 %13.22 %5.40 %
Three months ended
June 30,March 31,December 31,September 30,
June 30,
(Dollars in thousands)20252025202420242024
TANGIBLE COMMON EQUITY
Shareholders’ equity (GAAP)$380,002 $371,937 $362,685 $363,515 $350,242 
Exclude goodwill96,828 96,828 96,828 96,379 96,379 
Exclude other intangibles assets8,767 9,017 9,268 9,518 9,769 
Tangible common equity (Non-GAAP)$274,407 $266,092 $256,589 $257,618 $244,094 
TANGIBLE COMMON EQUITY PER SHARE
Tangible shareholders’ equity (Non-GAAP)$274,407 $266,092 $256,589 $257,618 $244,094 
Common shares outstanding at end of period19,130,508 19,061,009 18,974,674 18,945,988 18,939,531 
Common shareholders’ equity (book value) per share (GAAP)$19.86 $19.53 $19.19 $19.11 $19.19 $18.49 
Tangible common shareholders’ equity (tangible book value) per share (Non-GAAP)$14.34 $13.97 $13.52 $13.60 $13.60 
For the quarter ended June 30, 2025, the Company reported unaudited consolidated net income of $7,832,000 and diluted earnings per common share of $0.41, compared to consolidated net income of $8,293,000 and $0.44 per fully diluted share for the trailing quarter, and consolidated net loss of $6,290,000 and $0.33 per diluted share for the same period in 2024. The Company’s earnings during the quarter benefited from an increase in net interest income before provision for credit losses and a decrease in non-interest expenses. However, this was offset by the current quarter’s provision for credit losses on loans and a decrease in non-interest income.

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Community West Bancshares -- page 4
Annualized return on average equity (ROAE) for the quarter ended June 30, 2025 was 8.30%, compared to (7.39)% for the same period of 2024. Annualized return on average assets (ROAA) was 0.88% for the quarter ended June 30, 2025 compared to (0.73)% for the same period in 2024.

The effective yield on average investment securities, including interest earning deposits in other banks and Federal funds sold, was 2.95% for the quarter ended June 30, 2025, compared to 3.21% for the quarter ended June 30, 2024 and 3.02% for the quarter ended March 31, 2025.

Total average loans increased by $141,862,000 to $2,370,325,000 for the quarter ended June 30, 2025, from $2,228,463,000 for the quarter ended June 30, 2024 and increased by $36,328,000 from $2,333,997,000 for the quarter ended March 31, 2025. The year over year increase was due to organic loan growth throughout the Company’s expanded footprint. The effective yield on average loans was 6.71% for the quarter ended June 30, 2025, compared to 6.54% and 6.69% for the quarters ended June 30, 2024 and March 31, 2025, respectively.

The Company’s net interest margin (fully tax equivalent basis) was 4.10% for the quarter ended June 30, 2025, compared to 3.65% for the quarter ended June 30, 2024 and 4.04% for the quarter ended March 31, 2025. Net interest income, before provision for credit losses, increased by $4,247,000 or 14.62%, to $33,304,000 for the second quarter of 2025, compared to $29,057,000 for the same period in 2024. In addition to the increase in average loans due to the merger and organic loan growth, the Company's yield on interest earning assets has increased from 5.50% for the quarter ended June 30, 2024 to 5.65% for the quarter ended June 30, 2025. Additionally, the Company benefited from a decrease in the costs on interest-bearing liabilities, in which the cost of total deposits decreased to 1.43% from 1.71% when comparing the quarters ended June 30, 2025 and 2024. The decrease in the cost of deposits is primarily attributed to rate decreases 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 June 30, 2025 and 2024 and March 31, 2025 benefited by approximately 31 basis points ($2,588,000), one basis point ($41,000), and 24 basis points ($2,052,000), respectively, from the net accretion of fair value marks.


Non-Interest Income - The following tables present the key components of non-interest income for the periods indicated:
Three months ended
June 30,March 31,
(Dollars in thousands)20252025$ Change% Change
Service charges$505 $502 $3 0.6 %
Interchange fees492 516 (24)(4.7)%
Appreciation in cash surrender value of bank owned life insurance372 366 6 1.6 %
Federal Home Loan Bank dividends237 241 (4)(1.7)%
Loan placement fees180 237 (57)(24.1)%
Net realized losses on sales and calls of investment securities(15)— (15)— %
Other income593 749 (156)(20.8)%
Total non-interest income$2,364 $2,611 $(247)(9.5)%

The decrease in total non-interest income for the quarter ended June 30, 2025 as compared to the trailing quarter was primarily driven by a decrease in loan servicing income and fair value adjustments of equity securities.
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Community West Bancshares -- page 5
Six months ended June 30,
(Dollars in thousands)20252024$ Change% Change
Service charges$1,007 $864 $143 16.6 %
Interchange fees1,008 1,040 (32)(3.1)%
Appreciation in cash surrender value of bank owned life insurance738 622 116 18.6 %
Federal Home Loan Bank dividends478 317 161 50.8 %
Loan placement fees417 592 (175)(29.6)%
Net realized losses on sales and calls of investment securities(15)(2,346)2,331 (99.4)%
Other income1,342 1,948 (606)(31.1)%
Total non-interest income$4,975 $3,037 $1,938 63.8 %

Increases in non-interest income as compared to the prior year quarter are attributed to increased volume from the consummation of the merger as of April 1, 2024 and reduction in realized losses on sales and calls of investments securities. Realized losses on sales and calls of investment securities decreased to $15,000 for the six months ended June 30, 2025 compared to a loss of $2,346,000 for the six months ended June 30, 2024. The increase was partially offset by lower loan placement fees and other investment income year-to-date through June 30, 2025.

Non-Interest Expense - The following table presents the key components of non-interest expense for the periods indicated:
Three months ended
June 30,March 31,
(Dollars in thousands)20252025$ Change% Change
Salaries and employee benefits$12,260 $12,959 $(699)(5.4)%
Occupancy and equipment2,794 2,827 (33)(1.2)%
Information technology1,791 1,902 (111)(5.8)%
Data processing expense855 800 55 6.9 %
Professional services639 864 (225)(26.0)%
Regulatory assessments498 491 7 1.4 %
ATM/Debit card expenses397 393 4 1.0 %
Amortization of core deposit intangibles251 250 1 0.4 %
Advertising241 261 (20)(7.7)%
Directors’ expenses236 216 20 9.3 %
Loan related expenses 164 212 (48)(22.6)%
Personnel other97 101 (4)(4.0)%
Merger and acquisition expense— 276 (276)(100.0)%
Other expense2,073 1,918 155 8.1 %
Total non-interest expenses$22,296 $23,470 $(1,174)(5.0)%

During the second quarter of 2025, total non-interest expense decreased $1,174,000 as compared to the trailing quarter. The decrease was driven primarily by decreases in salary and employee benefits, professional services, and information technology. The decrease in salary and employee benefits was due to a reduction in payroll taxes. Professional services decreased due to lower legal fees and lower estimates for audit fees.

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Community West Bancshares -- page 6
Six months ended June 30,
(Dollars in thousands)20252024$ Change% Change
Salaries and employee benefits$25,219 $22,090 $3,129 14.2 %
Occupancy and equipment5,621 3,966 1,655 41.7 %
Information technology3,693 2,544 1,149 45.2 %
Data processing expense1,655 1,722 (67)(3.9)%
Professional services1,503 1,326 177 13.3 %
Regulatory assessments989 954 35 3.7 %
ATM/Debit card expenses790 632 158 25.0 %
Advertising502 440 62 14.1 %
Amortization of core deposit intangibles501 250 251 100.4 %
Directors’ expenses452 358 94 26.3 %
Loan related expenses 376 226 150 66.4 %
Merger and acquisition expense278 5,939 (5,661)(95.3)%
Personnel other198 180 18 10.0 %
Other expense3,989 3,209 780 24.3 %
Total non-interest expenses$45,766 $43,836 $1,930 4.4 %

Increases in non-interest expenses as compared to the prior year-to-date period was due to the consummation of the merger as of April 1, 2024, partially offset by a reduction in non-recurring merger expenses.

Balance Sheet Summary
Total assets for the period ended June 30, 2025 increased $55,040,000 or 1.6%, compared to the period ended December 31, 2024. Total average assets for the quarter ended June 30, 2025 were $3,553,327,000 compared to $3,468,433,000 for the quarter ended June 30, 2024 and $3,528,337,000 for the quarter ended March 31, 2025, an increase of $84,894,000 or 2.40% and an increase of $24,989,000 or 0.70%, respectively. As a result of the merger on April 1, 2024, the Company recorded goodwill of approximately $43 million and core deposit intangibles of $10 million.

For the quarter ended June 30, 2025, the Company’s average gross investment securities decreased by $105,213,000, or 11.30%, compared to the quarter ended June 30, 2024, and decreased by $12,446,000, or 1.50%, compared to the quarter ended March 31, 2025. This decrease compared to the prior year was the result of sales and maturities of available for sale (AFS) securities.

In comparing the quarter ended June 30, 2025 to the quarters ended June 30, 2024 and March 31, 2025, total average gross loans increased $141,862,000 or 6.40%, and increased by $36,328,000 or 1.60%, respectively.









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Community West Bancshares -- page 7
The following table shows the Company’s outstanding loan portfolio composition as of June 30, 2025 and December 31, 2024:
June 30, 2025
December 31, 2024
Loan Type (dollars in thousands)Amount% of TotalAmount% of Total
Commercial:
Commercial and industrial$159,055 6.5 %$143,422 6.1 %
Agricultural production27,597 1.2 %37,323 1.6 %
Total commercial186,652 7.7 %180,745 7.7 %
Real estate:
Construction & other land loans82,983 3.5 %67,869 2.9 %
Commercial real estate - owner occupied335,612 14.0 %323,188 13.9 %
Commercial real estate - non-owner occupied938,865 39.0 %913,165 39.1 %
Farmland136,587 5.7 %139,815 6.0 %
Multi-family residential143,007 6.0 %133,595 5.7 %
1-4 family - close-ended111,491 4.6 %123,445 5.3 %
1-4 family - revolving35,454 1.5 %35,421 1.5 %
Total real estate1,783,999 74.3 %1,736,498 74.4 %
Consumer:
Manufactured housing326,463 13.6 %322,263 13.8 %
Other installment100,759 4.2 %92,839 4.0 %
Total consumer427,222 17.8 %415,102 17.8 %
Net deferred origination costs1,514 0.1 %1,876 0.1 %
Total gross loans2,399,387 100.0 %2,334,221 100.0 %
Allowance for credit losses(28,722)(25,803)
Total loans$2,370,665 $2,308,418 


The composition of deposits at June 30, 2025 and December 31, 2024 is summarized in the table below:
June 30, 2025
December 31, 2024
(Dollars in thousands)Amount% of TotalAmount% of Total
NOW accounts$451,739 15.1 %$470,548 16.2 %
MMA accounts861,088 28.8 %843,145 29.0 %
Time deposits478,835 16.0 %443,284 15.2 %
Savings deposits167,888 5.6 %172,976 5.9 %
Total interest-bearing1,959,550 65.5 %1,929,953 66.3 %
Non-interest bearing1,035,371 34.5 %980,824 33.7 %
Total deposits$2,994,921 100.0 %$2,910,777 100.0 %

Total average deposits increased $78,964,000 or 2.70%, to $2,962,832,000 for the quarter ended June 30, 2025, compared to $2,883,868,000 for the quarter ended June 30, 2024, and increased $56,355,000, or 1.90%, compared to $2,906,477,000 for the quarter ended March 31, 2025. The Company’s ratio of average non-interest bearing deposits to total deposits was 34.48% for the quarter ended June 30, 2025, compared to 37.36% and 34.30% for the quarters ended June 30, 2024 and March 31, 2025, respectively.

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Community West Bancshares -- page 8
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 $13,975,000 to $134,373,000 compared to $120,398,000 at December 31, 2024. The Company had $86,000,000 in short-term borrowings at June 30, 2025 compared to $133,442,000 at December 31, 2024.

At June 30, 2025 and December 31, 2024, the Company had the following sources of primary and secondary liquidity:

Liquidity Sources (in thousands)
June 30, 2025
December 31, 2024
Cash and cash equivalents$134,373 $120,398 
Unpledged investment securities352,438 403,669 
Excess pledged securities89,188 69,866 
FHLB borrowing availability625,413 576,556 
Unsecured lines of credit availability110,000 110,000 
Funds available through FRB discount window3,539 3,828 
Total$1,314,951 $1,284,317 


Credit Quality
During the second quarter of 2025, the Company recorded net recoveries of $13,000 compared to $41,000 in net charge-offs for the same period in 2024. The net charge-off ratio reflects annualized net recoveries to average loans of 0.00% for the quarter ended June 30, 2025, compared to annualized net charge-offs of 0.01% for the quarter ended June 30, 2024. During the quarter ended June 30, 2025, the Company recorded a provision of $2,640,000 for losses on loans, compared to a $9,502,000 provision for loan losses for the quarter ended June 30, 2024. In addition to the provision for credit losses on loans for the quarter ended June 30, 2025, the Company recorded a credit to the provision for credit losses on held-to-maturity securities of $188,000 as compared to a provision of $182,000 in the prior year quarter. The Company recorded a provision for unfunded loan commitments totaling $161,000 for the quarter ended June 30, 2025 compared to a provision of $147,000 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)June 30, 2025% of TotalMarch 31, 2025% of TotalJune 30, 2024% of Total
Pass$2,320,608 96.8 %$2,282,083 97.2 %$2,191,348 97.1 %
Special mention19,706 0.8 %17,209 0.7 %25,576 1.1 %
Substandard59,073 2.5 %47,605 2.0 %39,647 1.9 %
Doubtful— — — 
Total$2,399,387 100.0 %$2,346,897 100.0 %$2,256,571 100.0 %
At June 30, 2025, the allowance for credit losses for loans was $28,722,000, compared to $25,803,000 at December 31, 2024, a net increase of $2,919,000 reflecting a provision for loan losses of $2,808,000 and net recoveries during the period. The allowance for credit losses as a percentage of total loans was 1.20% as of June 30, 2025 compared to 1.11% at December 31, 2024. The Company believes the allowance for credit losses is adequate to provide for expected credit losses within the loan portfolio at June 30, 2025.
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Community West Bancshares -- page 9
Cash Dividend Declared
On July 16, 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 August 15, 2025 to shareholders of record as of August 1, 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 10

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; 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 11
COMMUNITY WEST BANCSHARES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
June 30,
December 31,
June 30,
(In thousands, except share amounts)202520242024
ASSETS
Cash and due from banks$48,158 $28,029 $26,437 
Interest-earning deposits in other banks86,215 92,369 83,232 
Total cash and cash equivalents134,373 120,398 109,669 
Available-for-sale debt securities, at fair value, net of allowance for credit losses of $0, with an amortized cost of $523,678 and $536,334 at June 30, 2025 and December 31, 2024, respectively
469,354 477,113 531,972 
Held-to-maturity debt securities, at amortized cost less allowance for credit losses of $786 and $1,156 at June 30, 2025 and December 31, 2024, respectively
291,405 301,359 301,898 
Equity securities, at fair value6,705 6,586 6,551 
Loans, less allowance for credit losses of $28,722 and $25,803 at June 30, 2025 and December 31, 2024, respectively
2,370,665 2,308,418 2,231,631 
Bank premises and equipment, net23,974 24,469 21,752 
Bank owned life insurance54,057 53,319 51,166 
Federal Home Loan Bank stock10,978 10,978 10,978 
Goodwill96,828 96,828 96,379 
Core deposit intangibles8,767 9,268 9,769 
Accrued interest receivable and other assets109,705 113,035 112,906 
Total assets$3,576,811 $3,521,771 $3,484,671 
LIABILITIES AND SHAREHOLDERS’ EQUITY 
Deposits:
Non-interest bearing$1,035,371 $980,824 $1,075,882 
Interest bearing1,959,550 1,929,953 1,793,418 
Total deposits2,994,921 2,910,777 2,869,300 
Short-term borrowings86,000 133,442 150,638 
Senior debt and subordinated debentures69,962 69,889 69,817 
Accrued interest payable and other liabilities45,926 44,978 44,674 
Total liabilities3,196,809 3,159,086 3,134,429 
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: 19,130,508 and 18,974,647 at June 30, 2025 and December 31, 2024, respectively
209,268 207,816 206,821 
Retained earnings221,542 209,984 204,250 
Accumulated other comprehensive loss, net of tax(50,808)(55,115)(60,829)
Total shareholders’ equity380,002 362,685 350,242 
Total liabilities and shareholders’ equity$3,576,811 $3,521,771 $3,484,671 

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Community West Bancshares -- page 12
COMMUNITY WEST BANCSHARES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)    
For the Three Months Ended For the Six Months Ended
June 30March 31,June 30,June 30June 30
(In thousands, except share and per-share amounts)20252025202420252024
INTEREST INCOME:
Interest and fees on loans$39,537 $38,425 $36,197 $77,962 $54,497 
Interest on deposits in other banks1,054 1,056 1,076 2,110 1,507 
Interest and dividends on investment securities:
Taxable4,127 4,350 5,328 8,477 10,828 
Exempt from Federal income taxes1,307 1,307 1,396 2,614 2,792 
Total interest income46,025 45,138 43,997 91,163 69,624 
INTEREST EXPENSE:
Interest on deposits10,538 10,388 12,266 20,926 17,285 
Interest on short-term borrowings1,281 1,673 1,758 2,954 2,379 
Interest on senior debt and subordinated debentures902 895 916 1,797 1,831 
Total interest expense12,721 12,956 14,940 25,677 21,495 
Net interest income before provision (credit) for credit losses33,304 32,182 29,057 65,486 48,129 
PROVISION (CREDIT) FOR CREDIT LOSSES2,613 (41)9,831 2,572 10,407 
Net interest income after provision (credit) for credit losses30,691 32,223 19,226 62,914 37,722 
NON-INTEREST INCOME: 
Service charges505 502 480 1,007 864 
Net realized losses on sales and calls of investment securities(15)— (1,974)(15)(2,346)
Other income1,874 2,109 2,894 3,983 4,519 
Total non-interest income2,364 2,611 1,400 4,975 3,037 
NON-INTEREST EXPENSES:
Salaries and employee benefits12,260 12,959 13,451 25,219 22,090 
Occupancy and equipment2,794 2,827 2,423 5,621 3,966 
Other expense7,242 7,684 12,629 14,926 17,780 
Total non-interest expenses22,296 23,470 28,503 45,766 43,836 
Income (loss) before provision for income taxes10,759 11,364 (7,877)22,123 (3,077)
PROVISION (BENEFIT) FOR INCOME TAXES2,927 3,071 (1,587)5,998 (463)
Net income (loss)$7,832 $8,293 $(6,290)$16,125 $(2,614)
Net income (loss) per common share:
Basic earnings (loss) per common share$0.41 $0.44 $(0.33)$0.85 $(0.17)
Weighted average common shares used in basic computation18,987,217 18,933,830 18,814,020 18,960,670 15,282,274 
Diluted earnings (loss) per common share$0.41 $0.44 $(0.33)$0.85 $(0.17)
Weighted average common shares used in diluted computation19,042,750 19,014,773 18,937,036 19,028,425 15,369,528 
Cash dividends per common share$0.12 $0.12 $0.12 $0.24 $0.24 
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Community West Bancshares -- page 13
COMMUNITY WEST BANCSHARES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Jun. 30,Mar. 31,Dec. 31,Sept. 30,Jun. 30,
For the three months ended20252025202420242024
(In thousands, except share and per share amounts)
Net interest income$33,304 $32,182 $32,024 $30,214 $29,057 
Provision (credit) for credit losses2,613 (41)1,224 (518)9,831 
Net interest income after provision (credit) for credit losses30,691 32,223 30,800 30,732 19,226 
Total non-interest income2,364 2,611 2,303 1,105 1,400 
Total non-interest expense22,296 23,470 23,188 27,677 28,503 
Provision (benefit) for income taxes2,927 3,071 3,020 775 (1,587)
Net income (loss)$7,832 $8,293 $6,895 $3,385 $(6,290)
Basic earnings (loss) per common share$0.41 $0.44 $0.37 $0.18 $(0.33)
Weighted average common shares used in basic computation18,987,217 18,933,830 18,860,895 18,843,606 18,814,020 
Diluted earnings (loss) per common share$0.41 $0.44 $0.36 $0.18 $(0.33)
Weighted average common shares used in diluted computation19,042,750 19,014,773 18,981,835 18,965,434 18,937,036 





























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Community West Bancshares -- page 14
COMMUNITY WEST BANCSHARES
SELECTED RATIOS
(Unaudited)
Jun. 30,Mar. 31,Dec. 31,Sept. 30,Jun. 30,
As of and for the three months ended20252025202420242024
(Dollars in thousands, except per share amounts)
Allowance for credit losses to total loans1.20 %1.11 %1.11 %1.08 %1.11 %
Non-performing assets to total assets0.19 %0.20 %0.18 %0.09 %0.08 %
Total non-performing assets$6,769 $6,936 $6,461 $3,250 $2,805 
Total nonaccrual loans$6,769 $6,936 $6,461 $3,250 $2,805 
Total substandard loans$59,073 $47,605 $44,294 $39,637 $39,647 
Total special mention loans$19,706 $17,209 $17,384 $28,799 $25,576 
Net loan charge-offs (recoveries)$(13)$(125)$59 $(162)$41 
Net charge-offs (recoveries) to average loans (annualized)— %(0.02)%0.01 %(0.03)%0.01 %
Book value per share$19.86 $19.53 $19.11 $19.19 $18.49 
Tangible book value per share (1)$14.34 $13.97 $13.52 $13.60 $12.89 
Total equity$380,002$371,937$362,685$363,515$350,242
Tangible common equity (1)$274,407$266,092$256,589$257,618$244,094
Cost of total deposits1.43 %1.45 %1.49 %1.69 %1.71 %
Interest and dividends on investment securities exempt from Federal income taxes$1,307 $1,307 $1,319 $1,372 $1,396 
Net interest margin (calculated on a fully tax equivalent basis) (2)4.10 %4.04 %3.95 %3.69 %3.65 %
Return on average assets (3)0.88 %0.94 %0.78 %0.38 %(0.73)%
Return on average equity (3)8.30 %8.97 %7.55 %3.84 %(7.39)%
Loan to deposit ratio80.12 %80.13 %80.19 %78.62 %78.65 %
Efficiency ratio62.51 %67.38 %67.55 %88.37 %93.58 %
Tier 1 leverage - Bancorp9.48 %9.36 %9.17 %9.38 %9.14 %
Tier 1 leverage - Bank11.25 %11.12 %10.94 %11.24 %11.03 %
Common equity tier 1 - Bancorp11.42 %11.39 %11.15 %11.12 %11.36 %
Common equity tier 1 - Bank13.76 %13.75 %13.54 %13.55 %13.94 %
Tier 1 risk-based capital - Bancorp11.59 %11.57 %11.33 %11.30 %11.55 %
Tier 1 risk-based capital - Bank13.76 %13.75 %13.54 %13.55 %13.94 %
Total risk-based capital - Bancorp13.89 %13.82 %13.58 %13.55 %13.87 %
Total risk based capital - Bank14.84 %14.75 %14.54 %14.53 %14.96 %
(1) Non-GAAP measure. See reconciliation of GAAP and Non-GAAP Financial Measures.
(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 15
COMMUNITY WEST BANCSHARES
SCHEDULE OF AVERAGE BALANCES AND AVERAGE YIELDS AND RATES
(Unaudited)

 
For the Three Months Ended
June 30, 2025
For the Three Months Ended
March 31, 2025
For the Three Months Ended
June 30, 2024
(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$96,136 $1,054 4.39 %$93,217 $1,056 4.53 %$84,395 $1,076 5.10 %
Securities
Taxable securities590,791 4,127 2.79 %602,427 4,350 2.89 %681,934 5,328 3.13 %
Non-taxable securities (1)239,197 1,654 2.77 %240,007 1,655 2.76 %253,267 1,767 2.79 %
Total investment securities829,988 5,781 2.79 %842,434 6,005 2.85 %935,201 7,095 3.03 %
Total securities and interest-earning deposits926,124 6,835 2.95 %935,651 7,061 3.02 %1,019,596 8,171 3.21 %
Loans (2) (3)2,364,456 39,537 6.71 %2,327,832 38,425 6.69 %2,226,858 36,197 6.54 %
Total interest-earning assets3,290,580 $46,372 5.65 %3,263,483 $45,486 5.65 %3,246,454 $44,368 5.50 %
Allowance for credit losses(26,151)  (25,858)(26,194)  
Non-accrual loans5,869   6,165 1,605   
Cash and due from banks35,607   35,918 26,624   
Bank premises and equipment23,939   24,326 21,074   
Other assets223,483   224,303 198,870   
Total average assets$3,553,327   $3,528,337 $3,468,433   
LIABILITIES AND SHAREHOLDERS’ EQUITY      
Interest-bearing liabilities:      
Savings and NOW accounts$601,559 $1,034 0.69 %$586,698 $859 0.59 %$502,333 $239 0.19 %
Money market accounts876,609 5,070 2.32 %872,896 5,100 2.37 %816,224 5,696 2.81 %
Time certificates of deposit463,151 4,434 3.84 %449,962 4,429 3.99 %487,779 6,331 5.22 %
Total interest-bearing deposits1,941,319 10,538 2.18 %1,909,556 10,388 2.21 %1,806,336 12,266 2.73 %
Other borrowed funds167,636 2,183 5.15 %206,162 2,568 4.98 %207,108 2,674 5.16 %
Total interest-bearing liabilities2,108,955 $12,721 2.42 %2,115,718 $12,956 2.48 %2,013,444 $14,940 2.98 %
Non-interest bearing demand deposits1,021,513   996,921 1,077,532   
Other liabilities45,445   45,795 42,648   
Shareholders’ equity377,413   369,903 334,809   
Total average liabilities and shareholders’ equity$3,553,326   $3,528,337 $3,468,433   
Interest income and rate earned on average earning assets $46,372 5.65 %$45,486 5.65 % $44,368 5.50 %
Interest expense and interest cost related to average interest-bearing liabilities 12,721 2.42 %12,956 2.48 % 14,940 2.98 %
Net interest income and net interest margin (4) $33,651 4.10 %$32,530 4.04 % $29,428 3.65 %

(1)    Calculated on a fully tax equivalent basis, which includes Federal tax benefits relating to income earned on municipal bonds totaling $347, $351, and $371 at June 30, 2025, March 31, 2025, and June 30, 2024, respectively.
(2)    Loan interest income includes loan (costs) fees of $217, $(117), and $139 at June 30, 2025, March 31, 2025, and June 30, 2024, 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 16

 
For the Six Months Ended
June 30, 2025
For the Six Months Ended
June 30, 2024
(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$94,684 $2,110 4.46 %$59,297 $1,507 5.08 %
Securities
Taxable securities596,577 8,477 2.84 %698,046 10,828 3.10 %
Non-taxable securities (1)239,600 3,309 2.76 %253,688 3,536 2.79 %
Total investment securities836,177 11,786 2.82 %951,734 14,364 3.02 %
Total securities and interest-earning deposits930,861 13,896 2.99 %1,011,031 15,871 3.14 %
Loans (2) (3)2,346,244 77,962 6.70 %1,754,964 54,497 6.24 %
Total interest-earning assets3,277,105 $91,858 5.65 %2,765,995 $70,368 5.12 %
Allowance for credit losses(26,005)  (20,271)
Non-accrual loans6,017   802 
Cash and due from banks35,762   26,699 
Bank premises and equipment24,131   17,626 
Other assets223,891   153,771 
Total average assets$3,540,901   $2,944,622 
LIABILITIES AND SHAREHOLDERS’ EQUITY   
Interest-bearing liabilities:   
Savings and NOW accounts$594,170 $1,893 0.64 %$461,872 $466 0.20 %
Money market accounts874,763 10,170 2.34 %665,566 8,568 2.59 %
Time certificates of deposit456,593 8,863 3.91 %337,777 8,251 4.91 %
Total interest-bearing deposits1,925,526 20,926 2.19 %1,465,215 17,285 2.37 %
Other borrowed funds186,792 4,751 5.09 %164,763 4,210 5.11 %
Total interest-bearing liabilities2,112,318 $25,677 2.45 %1,629,978 $21,495 2.64 %
Non-interest bearing demand deposits1,009,228   1,004,289 
Other liabilities45,619   39,117 
Shareholders’ equity373,735   271,238 
Total average liabilities and shareholders’ equity$3,540,900   $2,944,622 
Interest income and rate earned on average earning assets $91,858 5.65 %$70,368 5.12 %
Interest expense and interest cost related to average interest-bearing liabilities 25,677 2.45 %21,495 2.64 %
Net interest income and net interest margin (4) $66,181 4.07 %$48,873 3.55 %

(1)    Calculated on a fully tax equivalent basis, which includes Federal tax benefits relating to income earned on municipal bonds totaling $695 and $743 at June 30, 2025 and June 30, 2024, respectively.
(2)    Loan interest income includes loan (costs) fees of $316 and $120 at June 30, 2025 and June 30, 2024, 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                559-222-1322
916-235-4617