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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments130,555167,87564,69049,48999,915191,145
Cash and cash equivalents130,555167,87564,69049,48999,915191,145
Financing receivable, accrued interest, after allowance for credit loss5,3005,100    
Total current assets:135,855172,97564,69049,48999,915191,145
Noncurrent Assets
Operating lease, right-of-use asset4,8005,0005,2005,4005,6004,900
Property, plant and equipment5,9986,0776,1046,3326,3656,466
Total noncurrent assets:10,79811,07711,30411,73211,96511,366
Other undisclosed assets984,777983,5311,015,5081,027,057994,948934,092
TOTAL ASSETS:1,131,4301,167,5831,091,5021,088,2781,106,8281,136,603
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,017,4891,054,794978,852978,457999,6861,031,775
Total liabilities:1,017,4891,054,794978,852978,457999,6861,031,775
Equity
Equity, attributable to parent113,941112,789112,650109,821107,142104,828
Common stock46,29346,12845,69445,56645,40244,780
Accumulated other comprehensive loss(1,680)(1,253)(771)(754)(447)(158)
Retained earnings69,32867,91467,72765,00962,18760,206
Total equity:113,941112,789112,650109,821107,142104,828
TOTAL LIABILITIES AND EQUITY:1,131,4301,167,5831,091,5021,088,2781,106,8281,136,603

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues13,21712,51912,47911,91611,26511,254
Net investment income13,16112,48912,46711,86711,12911,194
Cost of revenue   266(298)(252) 
Provision for loan, lease, and other losses    (298)(252) 
Gross profit:13,21712,51912,74511,61811,01311,254
Operating expenses(2,645)(2,576)(2,932)(2,197)(2,196)(1,964)
Other operating income, net
(Noninterest Income, Other Operating Income)
535331278303323796
Operating income:11,10710,27410,0919,7249,14010,086
Interest and debt expense(3,998)(2,555)(1,137)(731)(696)(764)
Income from continuing operations before equity method investments, income taxes:7,1097,7198,9548,9938,4449,322
Other undisclosed loss from continuing operations before income taxes(4,112)(4,039)(4,167)(4,106)(4,747)(3,982)
Income from continuing operations before income taxes:2,9973,6804,7874,8873,6975,340
Income tax expense(876)(1,216)(1,411)(1,409)(1,062)(1,380)
Income from continuing operations:2,1212,4643,3763,4782,6353,960
Income before gain (loss) on sale of properties:3,4782,6353,960
Net income available to common stockholders, diluted:2,1212,4643,3763,4782,6353,960

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:2,1212,4643,3763,4782,6353,960
Comprehensive income:2,1212,4643,3763,4782,6353,960
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(427)(482)(17)(307)(289)(250)
Comprehensive income, net of tax, attributable to parent:1,6941,9823,3593,1712,3463,710

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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