CW Bancorp Reports Second Quarter 2025 Financial Results
CW Bancorp (OTCQX: CWBK) reported solid Q2 2025 financial results with net income of $3.1 million or $1.02 per diluted share, showing a 2% EPS increase year-over-year. The bank demonstrated strong growth with total loans up 13% to $811.1 million and deposits increasing 4% to $1.03 billion compared to Q2 2024.
Key performance metrics include a net interest margin of 3.82%, ROA of 1.12%, and ROE of 13.95%. The bank maintains a strong capital position with a total risk-based capital ratio of 18.08% and tier 1 leverage ratio of 12.68%. Non-interest-bearing deposits represent 58% of total deposits, reflecting a stable funding base.
The bank's efficiency ratio increased slightly to 61.34% from 60.28% year-over-year, while maintaining its streak of 62 consecutive profitable quarters.
CW Bancorp (OTCQX: CWBK) ha riportato solidi risultati finanziari nel secondo trimestre del 2025 con un utile netto di 3,1 milioni di dollari, pari a 1,02 dollari per azione diluita, registrando un aumento del 2% dell'EPS rispetto all'anno precedente. La banca ha mostrato una forte crescita con prestiti totali in aumento del 13% a 811,1 milioni di dollari e depositi cresciuti del 4% a 1,03 miliardi di dollari rispetto al secondo trimestre del 2024.
Le principali metriche di performance includono un margine di interesse netto del 3,82%, un ROA dell'1,12% e un ROE del 13,95%. La banca mantiene una solida posizione patrimoniale con un rapporto totale di capitale basato sul rischio del 18,08% e un rapporto di leva Tier 1 del 12,68%. I depositi senza interessi rappresentano il 58% del totale dei depositi, evidenziando una base di finanziamento stabile.
Il rapporto di efficienza è aumentato leggermente al 61,34% rispetto al 60,28% dell'anno precedente, mantenendo la sua serie di 62 trimestri consecutivi di profitti.
CW Bancorp (OTCQX: CWBK) reportó sólidos resultados financieros en el segundo trimestre de 2025 con un ingreso neto de 3,1 millones de dólares, o 1,02 dólares por acción diluida, mostrando un aumento del 2% en las ganancias por acción año tras año. El banco demostró un fuerte crecimiento con préstamos totales que aumentaron un 13% hasta 811,1 millones de dólares y depósitos que crecieron un 4% hasta 1,03 mil millones de dólares en comparación con el segundo trimestre de 2024.
Las métricas clave de desempeño incluyen un margen neto de interés del 3,82%, un ROA del 1,12% y un ROE del 13,95%. El banco mantiene una sólida posición de capital con un índice total de capital basado en riesgo del 18,08% y un índice de apalancamiento Tier 1 del 12,68%. Los depósitos sin intereses representan el 58% del total de depósitos, reflejando una base de financiamiento estable.
El índice de eficiencia aumentó ligeramente a 61,34% desde 60,28% año tras año, mientras mantiene su racha de 62 trimestres consecutivos de rentabilidad.
CW Bancorp (OTCQX: CWBK)는 2025년 2분기에 순이익 310만 달러 또는 희석 주당 1.02달러를 기록하며 전년 동기 대비 2% EPS 증가를 보이는 견고한 재무 실적을 보고했습니다. 은행은 총 대출이 13% 증가한 8억 1,110만 달러와 예금이 4% 증가한 10억 3천만 달러를 기록하며 강한 성장세를 나타냈���니다.
주요 성과 지표로는 순이자마진 3.82%, 자산수익률(ROA) 1.12%, 자기자본이익률(ROE) 13.95%가 있습니다. 은행은 총 위험기반자본비율 18.08%와 Tier 1 레버리지 비율 12.68%로 강력한 자본 상태를 유지하고 있습니다. 비이자 예금은 전체 예금의 58%를 차지하여 안정적인 자금 기반을 반영합니다.
은행의 효율성 비율은 전년 대비 60.28%에서 소폭 상승한 61.34%를 기록했으며, 62분기 연속 흑자 기록을 유지했습니다.
CW Bancorp (OTCQX : CWBK) a publié des résultats financiers solides pour le deuxième trimestre 2025 avec un bénéfice net de 3,1 millions de dollars soit 1,02 dollar par action diluée, affichant une augmentation de 2 % du BPA par rapport à l'année précédente. La banque a montré une forte croissance avec des prêts totaux en hausse de 13 % à 811,1 millions de dollars et des dépôts en hausse de 4 % à 1,03 milliard de dollars par rapport au deuxième trimestre 2024.
Les indicateurs clés de performance comprennent une marge d'intérêt nette de 3,82 %, un ROA de 1,12 % et un ROE de 13,95 %. La banque maintient une position de capital solide avec un ratio de capital total basé sur le risque de 18,08 % et un ratio de levier de catégorie 1 de 12,68 %. Les dépôts sans intérêt représentent 58 % du total des dépôts, reflétant une base de financement stable.
Le ratio d'efficacité a légèrement augmenté à 61,34 % contre 60,28 % l'année précédente, tout en maintenant sa série de 62 trimestres consécutifs bénéficiaires.
CW Bancorp (OTCQX: CWBK) meldete solide Finanzergebnisse für das zweite Quartal 2025 mit einem Nettoeinkommen von 3,1 Millionen US-Dollar bzw. 1,02 US-Dollar je verwässerter Aktie, was einem EPS-Anstieg von 2 % im Jahresvergleich entspricht. Die Bank verzeichnete ein starkes Wachstum mit Gesamtkrediten, die um 13 % auf 811,1 Millionen US-Dollar stiegen, und Einlagen, die um 4 % auf 1,03 Milliarden US-Dollar zunahmen im Vergleich zum zweiten Quartal 2024.
Wichtige Leistungskennzahlen umfassen eine Nettozinsmarge von 3,82 %, eine Gesamtkapitalrendite (ROA) von 1,12 % sowie eine Eigenkapitalrendite (ROE) von 13,95 %. Die Bank hält eine starke Kapitalausstattung mit einer Gesamt-Risikobasiskapitalquote von 18,08 % und einer Tier-1-Leverage-Ratio von 12,68 %. Nicht verzinsliche Einlagen machen 58 % der Gesamteinlagen aus, was eine stabile Finanzierungsbasis widerspiegelt.
Die Effizienzquote stieg leicht auf 61,34 % gegenüber 60,28 % im Vorjahreszeitraum, während die Bank ihre Serie von 62 aufeinanderfolgenden profitablen Quartalen beibehält.
- 13% year-over-year loan growth to $811.1 million
- 4% deposit growth to $1.03 billion
- Strong capital ratios with total risk-based capital at 18.08%
- 58% of deposits are non-interest-bearing
- Net interest income increased 3% year-over-year
- 62 consecutive quarters of profitability
- No outstanding FRB or FHLB borrowings
- Efficiency ratio increased to 61.34% from 60.28%
- ROE declined to 13.95% from 16.10% year-over-year
- Non-performing assets increased to $8.58 million from $4.75 million year-over-year
- Net income remained flat at $3.08 million year-over-year
Key Financial Results for the three months ended June 30, 2025:
- EPS of
$1.02 - Return on Assets of
1.12% - Return on Tangible Equity of
14.45% - Net interest income growth of
3% - ACL to total loans ratio of
1.41% - No outstanding FRB or FHLB borrowings
- Non-interest-bearing deposits to total deposits of
58% - Strong leverage ratio of
12.68% and total risk-based capital ratio of18.08% - 62 quarters of consecutive profits
Key Financial Results for the six months ended June 30, 2025:
- EPS of
$1.99 - Return on Assets of
1.09% - Return on Tangible Equity of
14.31% - Net interest income growth of
6% 13% loan growth year over year4% deposit growth year over year5% total asset growth year over year
Mr. Ivo Tjan, Chairman and CEO commented, "The Bank reported a solid quarterly result, including double digit loan growth of
Total assets increased
Total assets increased
Total deposits increased
Interest income was
Interest income was
Net interest income for the three months ended June 30, 2025, was
Provision for credit losses for the three months ended June 30, 2025, was
Non-interest income for the three months ended June 30, 2025, was
Non-interest expense for the three months ended June 30, 2025, was
The efficiency ratio for the three months ended June 30, 2025, was
Capital ratios for the Bank remain above the levels required for a "well capitalized" institution as designated by regulatory agencies. As of June 30, 2025, the tier 1 leverage ratio was
CommerceWest Bank is determined to redefine banking for small and medium sized businesses by delivering on customized products and services. Founded in 2001 and headquartered in
Mission Statement: CommerceWest Bank will create a complete banking experience for each client, catering to businesses and their specific banking needs, while accommodating our clients and providing them high-quality, low stress and personally tailored banking and financial services.
Please visit www.cwbk.com to learn more about the bank. "BANK ON THE DIFFERENCE"
Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties. Actual results may differ materially from stated expectations. Specific factors include, but are not limited to, loan production, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes, financial policies of
SECOND QUARTER REPORT - JUNE 30, 2025 (Unaudited) | ||||||||
CW BANCORP | % | |||||||
CONSOLIDATED BALANCE SHEET | Increase | |||||||
(dollars in thousands) | June 30, 2025 | June 30, 2024 | (Decrease) | |||||
ASSETS | ||||||||
Cash and due from banks | $ 182,673 | $ 228,574 | -20 % | |||||
Securities available for sale | 132,206 | 121,232 | 9 % | |||||
Securities held-to-maturity | 26,528 | 35,037 | -24 % | |||||
Loans | 811,093 | 716,953 | 13 % | |||||
Less allowance for credit losses (ACL) | (11,444) | (11,489) | 0 % | |||||
Loans, net | 799,649 | 705,464 | 13 % | |||||
Bank premises and equipment, net | 3,102 | 3,984 | -22 % | |||||
Other assets | 37,527 | 36,234 | 4 % | |||||
Total assets | $ 1,181,685 | $ 1,130,525 | 5 % | |||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
Non-interest bearing deposits | $ 602,080 | $ 582,750 | 3 % | |||||
Interest bearing deposits | 427,558 | 404,226 | 6 % | |||||
Total deposits | 1,029,638 | 986,976 | 4 % | |||||
Subordinated debenture | 50,000 | 50,000 | 0 % | |||||
Other liabilities | 12,622 | 13,342 | -5 % | |||||
1,092,260 | 1,050,318 | 4 % | ||||||
Stockholders' equity | 89,425 | 80,207 | 11 % | |||||
Total liabilities and stockholders' equity | $ 1,181,685 | $ 1,130,525 | 5 % | |||||
Shares outstanding at end of period | 2,971,252 | 3,012,375 | ||||||
Book value per share | $ 33.29 | $ 29.92 | ||||||
Total loans to total deposits | 78.77 % | 72.64 % | ||||||
ACL to total loans | 1.41 % | 1.60 % | ||||||
Nonperforming assets (non-accrual loans & OREO) | $ 8,579 | $ 4,746 | ||||||
COMMERCEWEST BANK CAPITAL RATIOS: | ||||||||
Tier 1 leverage ratio | 12.68 % | 12.06 % | ||||||
Common equity tier 1 capital ratio | 16.83 % | 18.41 % | ||||||
Tier 1 risk-based capital ratio | 16.83 % | 18.41 % | ||||||
Total risk-based capital ratio | 18.08 % | 19.67 % | ||||||
CW BANCORP | |||||||||||||
CONSOLIDATED STATEMENT OF INCOME (Unaudited) | Three Months Ended | Increase | For the Six Months Ended | Increase | |||||||||
(dollars in thousands except share and per share data) | June 30, 2025 | June 30, 2024 | (Decrease) | June 30, 2025 | June 30, 2024 | (Decrease) | |||||||
INTEREST INCOME | |||||||||||||
Loans | $ 11,193 | $ 9,981 | 12 % | $ 22,174 | $ 19,790 | 12 % | |||||||
Investments | 1,303 | 1,175 | 11 % | 2,641 | 2,292 | 15 % | |||||||
Fed funds sold and other | 1,175 | 2,188 | -46 % | 2,293 | 3,503 | -35 % | |||||||
Total interest income | 13,671 | 13,344 | 2 % | 27,108 | 25,585 | 6 % | |||||||
INTEREST EXPENSE | |||||||||||||
Deposits | 3,120 | 3,104 | 1 % | 6,044 | 5,749 | 5 % | |||||||
Subordinated debenture | 469 | 469 | 0 % | 938 | 938 | 0 % | |||||||
Total interest expense | 3,589 | 3,573 | 0 % | 6,982 | 6,687 | 4 % | |||||||
NET INTEREST INCOME BEFORE CREDIT LOSS PROVISION | 10,082 | 9,771 | 3 % | 20,126 | 18,898 | 6 % | |||||||
PROVISION FOR CREDIT LOSSES | 100 | - | - | 100 | - | - | |||||||
Non-interest income: | |||||||||||||
NET INTEREST INCOME AFTER CREDIT LOSS PROVISION | 9,982 | 9,771 | 2 % | 20,026 | 18,898 | 6 % | |||||||
NON-INTEREST INCOME | |||||||||||||
Service Charges and Fees on Deposits | 1,025 | 927 | 11 % | 2,054 | 1,832 | 12 % | |||||||
Other Fees | 310 | 292 | 6 % | 526 | 595 | -12 % | |||||||
NON-INTEREST EXPENSE | 6,987 | 6,661 | 5 % | 14,161 | 12,837 | 10 % | |||||||
EARNINGS BEFORE INCOME TAXES | 4,330 | 4,329 | 0 % | 8,445 | 8,488 | -1 % | |||||||
INCOME TAXES | 1,248 | 1,245 | 0 % | 2,428 | 2,411 | 1 % | |||||||
NET INCOME | $ 3,082 | $ 3,084 | 0 % | $ 6,017 | $ 6,077 | -1 % | |||||||
Basic earnings per share | $ 1.04 | $ 1.02 | 2 % | $ 2.02 | $ 1.99 | 2 % | |||||||
Diluted earnings per share | $ 1.02 | $ 1.00 | 2 % | $ 1.99 | $ 1.96 | 2 % | |||||||
Return on Assets | 1.12 % | 1.14 % | -2 % | 1.09 % | 1.16 % | -6 % | |||||||
Return on Equity | 13.95 % | 16.10 % | -13 % | 13.81 % | 15.80 % | -13 % | |||||||
Return on Tangible Equity | 14.45 % | 16.77 % | -14 % | 14.31 % | 16.45 % | -13 % | |||||||
Efficiency Ratio | 61.34 % | 60.28 % | 2 % | 62.28 % | 59.86 % | 4 % | |||||||
CW BANCORP | |||||||||||
CONSOLIDATED AVERAGE BALANCE SHEET and YIELD ANALYSIS | |||||||||||
Three Months Ended June 30, | |||||||||||
2025 | 2024 | ||||||||||
Average | Interest | Yield / | Average | Interest | Yield / | ||||||
(dollars in thousands) | |||||||||||
INTEREST EARNING ASSETS | |||||||||||
Int Bearing Due from Banks & FFS | $ 93,499 | $ 1,036 | 4.44 % | $ 150,396 | $ 2,049 | 5.48 % | |||||
Investment Securities (1) | 160,551 | 1,362 | 3.40 % | 156,862 | 1,235 | 3.17 % | |||||
Loans | 803,447 | 11,193 | 5.59 % | 721,573 | 9,981 | 5.56 % | |||||
FHLB & Other Stocks | 7,100 | 139 | 7.85 % | 7,100 | 139 | 7.87 % | |||||
Total interest-earning assets | 1,064,597 | 13,730 | 5.17 % | 1,035,931 | 13,404 | 5.20 % | |||||
Noninterest-earning assets | 42,328 | 48,448 | |||||||||
Total assets | $ 1,106,925 | $ 1,084,379 | |||||||||
INTEREST EARNING LIABILITIES | |||||||||||
Interest Bearing Deposits | $ 414,780 | $ 3,120 | 3.02 % | $ 380,310 | $ 3,104 | 3.28 % | |||||
Other Borrowings | 1 | - | 4.96 % | 1 | - | 5.66 % | |||||
Subordinated Debenture | 50,000 | 469 | 3.75 % | 50,000 | 469 | 3.75 % | |||||
Total interest-earning liabilities | 464,781 | 3,589 | 3.10 % | 430,311 | 3,573 | 3.34 % | |||||
Noninterest-earning liabilities | |||||||||||
Demand Deposits | 541,198 | 563,105 | |||||||||
Other Liabilities | 12,361 | 13,933 | |||||||||
Shareholders' Equity | 88,585 | 77,030 | |||||||||
Total liabilities and shareholder's equity | $ 1,106,925 | $ 1,084,379 | |||||||||
Net Interest Spread | $ 10,141 | 2.07 % | $ 9,831 | 1.86 % | |||||||
Net Interest Margin | 3.82 % | 3.82 % | |||||||||
Total Deposits | $ 955,978 | $ 3,120 | 1.31 % | $ 943,415 | $ 3,104 | 1.32 % | |||||
Total Funding Costs | $ 1,005,979 | $ 3,589 | 1.43 % | $ 993,416 | $ 3,573 | 1.45 % | |||||
(1) Amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate | |||||||||||
CW BANCORP | |||||||||||
CONSOLIDATED AVERAGE BALANCE SHEET and YIELD ANALYSIS | |||||||||||
Six Months Ended June 30, | |||||||||||
2025 | 2024 | ||||||||||
Average | Interest | Yield / | Average | Interest | Yield / | ||||||
(dollars in thousands) | |||||||||||
INTEREST EARNING ASSETS | |||||||||||
Int Bearing Due from Banks & FFS | $ 91,520 | $ 2,017 | 4.44 % | $ 118,279 | $ 3,217 | 5.47 % | |||||
Investment Securities (1) | 163,004 | 2,759 | 3.41 % | 158,629 | 2,412 | 3.06 % | |||||
Loans | 800,170 | 22,174 | 5.59 % | 721,422 | 19,790 | 5.52 % | |||||
FHLB & Other Stocks | 7,100 | 276 | 7.84 % | 7,100 | 286 | 8.10 % | |||||
Total interest-earning assets | 1,061,794 | 27,226 | 5.17 % | 1,005,430 | 25,705 | 5.14 % | |||||
Noninterest-earning assets | 46,447 | 47,792 | |||||||||
Total assets | $ 1,108,241 | $ 1,053,222 | |||||||||
INTEREST EARNING LIABILITIES | |||||||||||
Interest Bearing Deposits | $ 412,224 | $ 6,044 | 2.96 % | $ 359,520 | $ 5,749 | 3.22 % | |||||
Other Borrowings | 1 | - | 4.96 % | 1 | - | 5.66 % | |||||
Subordinated Debenture | 50,000 | 938 | 3.75 % | 50,000 | 938 | 3.75 % | |||||
Total interest-earning liabilities | 462,225 | 6,982 | 3.05 % | 409,521 | 6,687 | 3.28 % | |||||
Noninterest-earning liabilities | |||||||||||
Demand Deposits | 545,561 | 552,319 | |||||||||
Other Liabilities | 12,591 | 14,021 | |||||||||
Shareholders' Equity | 87,864 | 77,361 | |||||||||
Total liabilities and shareholder's equity | $ 1,108,241 | $ 1,053,222 | |||||||||
Net Interest Spread | $ 20,244 | 2.12 % | $ 19,018 | 1.86 % | |||||||
Net Interest Margin | 3.84 % | 3.80 % | |||||||||
Total Deposits | $ 957,785 | $ 6,044 | 1.27 % | $ 911,839 | $ 5,749 | 1.27 % | |||||
Total Funding Costs | $ 1,007,786 | $ 6,982 | 1.40 % | $ 961,840 | $ 6,687 | 1.40 % | |||||
(1) Amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate | |||||||||||
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SOURCE CW Bancorp
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