Welcome to our dedicated page for Commencement Bancorp news (Ticker: CBWA), a resource for investors and traders seeking the latest updates and insights on Commencement Bancorp stock.
Commencement Bancorp, Inc. (CBWA) is the holding company for Commencement Bank, a Tacoma, Washington-based community bank formed in 2006 to provide traditional, reliable, and sustainable banking in Pierce, King, Kitsap, Thurston, and South King counties and the surrounding areas. The CBWA news feed highlights how this regional commercial bank executes its community banking model and manages growth in its Washington state footprint.
News about Commencement Bancorp, Inc. frequently covers quarterly and annual financial results, including trends in net income, loan receivable growth, deposit growth, net interest margin, and capital ratios. The company often reports that capital ratios are well above regulatory requirements and has highlighted periods with no nonperforming assets, along with details on credit quality, liquidity, and funding sources.
Investors and community banking observers can also follow announcements on strategic actions such as stock repurchase programs, balance sheet repositioning, interest rate swaps, and restructuring of investment securities and bank-owned life insurance portfolios. Releases describe how these measures relate to long-term objectives, deposit costs, loan yields, and overall profitability.
In addition, the CBWA news stream features updates on branch expansion, market development in areas like South King County and Gig Harbor, and recognition such as inclusion on the OTCQX Best 50 list and being named one of America’s Best Regional Banks & Credit Unions for 2026 by Newsweek and Plant-A Insights Group. Leadership and governance developments, including appointments to industry boards, also appear in company communications. For readers tracking a regional community bank with a stated focus on local economies and relationship-based banking, this page provides an organized view of Commencement Bancorp, Inc. news over time.
Commencement Bancorp, Inc. (OTCQX:CBWA) reported strong financial results for Q2 2024. Key highlights include:
- Net income of $776,000 ($0.20 per share), up from $723,000 ($0.18 per share) in Q2 2023
- Total loans increased 7% year-over-year to $464 million
- Interest income rose 11% to $7.4 million
- Non-interest income grew 9% compared to Q2 2023
- Nonperforming assets to total assets decreased from 0.42% to 0.08%
- Tangible book value per share increased to $12.52 from $11.90
The bank's loan growth, improving loan yield, and favorable deposit mix contributed to an increase in net interest margin to 3.25%. Asset quality improved significantly, with the Texas Ratio dropping to 0.8% from 4.0% a year ago.
Commencement Bancorp, Inc. (OTCQX:CBWA) and Commencement Bank have announced two key appointments to their finance team. Brandi Parker has joined as Executive Vice President and Chief Financial Officer, while Mandie Ereth has been appointed as Senior Vice President and Finance & Accounting Manager. Both executives, who previously worked at Heritage Bank, started their new roles on July 29th and 30th, 2024, respectively.
Parker brings over 20 years of finance and accounting experience, with expertise in SEC filings, budgeting, financial forecasting, and asset liability management. Ereth has 20 years of experience in bank accounting and finance, specializing in financial statements, asset liability management, and profitability modeling. Both are Certified Public Accountants with master's degrees in accounting.
CEO John E. Manolides expressed enthusiasm about the new hires, highlighting their potential to create efficiencies, analyze data, and enhance reporting processes at Commencement Bank.
Commencement Bancorp, Inc. (CBWA) reported their 2024 First Quarter Earnings, showcasing positive financial highlights such as an increase in total loans, interest income, non-interest income, and tangible book value per share. The Bank also eliminated borrowed funds and brokered certificates of deposit, reduced nonperforming assets, and saw a rise in total assets and total deposits. However, the Bank recorded a 13% increase in non-interest expenses, with an extraordinary expense for legal fees and a reverse provision from the Allowance for Credit Losses. Despite challenges, the Bank maintains strong capital ratios, improved asset quality, and a positive outlook for future growth.
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