Community West Bancshares (CWBC) Financial Statements (2024 and earlier)

Company Profile

Business Address 445 PINE AVE
GOLETA, CA 93117
State of Incorp. CA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments64,690208,37560,53982,65856,90745,857
Cash and cash equivalents64,690208,37560,53982,65856,90745,857
Financing receivable, accrued interest, after allowance for credit loss   
Total current assets:64,690208,37560,53982,65856,90745,857
Noncurrent Assets
Operating lease, right-of-use asset5,2005,1005,9006,300
Property, plant and equipment6,1046,5767,1547,6556,3815,581
Total noncurrent assets:11,30411,67613,05413,9556,3815,581
Other undisclosed assets1,015,508937,001901,842817,257814,003781,877
TOTAL ASSETS:1,091,5021,157,052975,435913,870877,291833,315
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities978,8521,055,677886,428831,892801,140763,245
Total liabilities:978,8521,055,677886,428831,892801,140763,245
Equity
Equity, attributable to parent112,650101,37589,00781,97876,15170,070
Common stock45,69444,43142,90942,58642,96442,604
Accumulated other comprehensive income (loss)(771)9235(78)(141)25
Retained earnings67,72756,85246,06339,47033,32827,441
Total equity:112,650101,37589,00781,97876,15170,070
TOTAL LIABILITIES AND EQUITY:1,091,5021,157,052975,435913,870877,291833,315

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues46,91445,59843,86844,65540,86538,003
Net investment income46,65745,12342,94843,89040,86536,192
Cost of revenue  (1,223) (14)(411)
Provision for loan, lease, and other losses   (1,223) (14)
Financial services costs(411)
Gross profit:46,91445,59842,64544,65540,85137,592
Operating expenses(9,289)(6,848)(6,565)(6,417)(6,207)(20,998)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,7001,115579469332581
Operating income:39,32539,86536,65938,70734,97617,175
Interest and debt expense(3,328)(3,704)(7,265)(11,382)(8,988)(4,729)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (17,639)(15,951)(15,770)(1,983)
Income from continuing operations before equity method investments, income taxes:35,99736,16111,75511,37410,21810,463
Other undisclosed loss from continuing operations before income taxes(17,286)(17,848)    
Income from continuing operations before income taxes:18,71118,31311,75511,37410,21810,463
Income tax expense(5,262)(5,212)(3,510)(3,411)(2,809)(5,548)
Income from continuing operations:13,44913,1018,2457,9637,4094,915
Income before gain (loss) on sale of properties:13,1018,2457,9637,4094,915
Net income available to common stockholders, diluted:13,44913,1018,2457,9637,4094,915

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:13,44913,1018,2457,9637,4094,915
Comprehensive income:13,44913,1018,2457,9637,4094,915
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(863)5711363(107)54
Comprehensive income, net of tax, attributable to parent:12,58613,1588,3588,0267,3024,969

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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