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Pacific West Bancorp reports recurring operating and financial results as the holding company of Pacific West Bank. The bank provides loan and deposit product solutions for businesses, nonprofits, professionals, and individuals in the greater Portland and Vancouver metro area.
Company news commonly covers quarterly earnings, loan and deposit growth, stockholders' equity, regulatory capital ratios, net interest margin, credit-loss provisioning, borrowings, and changes in core and non-core funding. Updates also describe the bank's investment portfolio effects on capital, lending commitments, balance-sheet repositioning, and deposit initiatives tied to customer relationships and digital banking activity.
Pacific West Bancorp (PWBK) reported net income of $155 thousand or $0.06 diluted EPS for Q1 2026, including $425 thousand merger-related expenses. Total assets reached $403.4 million, deposits were $359.8 million, and net interest income was $3.1 million.
Excluding merger costs, adjusted net income would be about $455 thousand or $0.17 diluted EPS.
Pacific West Bancorp (PWBK) reported net income of $126 thousand for Q4 2025 and $646 thousand for full-year 2025, reversing a 2024 net loss. Loans were $276.6 million and deposits were $342.2 million at year end.
Net interest income rose and net interest margin improved to 3.37% in Q4 and 3.19% for 2025; non-interest income reached $1.0 million. Provision for credit losses included a $248 thousand charge-off in Q4. Stockholders' equity was $35.7 million and the Community Bank Leverage Ratio stood at 9.80%.
Pacific West Bancorp (PWBK) reported third-quarter net income of $310,000 or $0.11 per diluted share for the quarter ended Oct 28, 2025. Loans totaled $272.1M, up $11.7M (4.5%) sequentially and $15.7M (6.1%) year‑over‑year. Deposits were $316.7M, up $41.1M (14.9%) YoY despite a strategic $7.5M reduction in high‑cost municipal deposits.
Net interest margin improved to 3.17% for Q3 (3.11% prior quarter) and 3.13% YTD vs 2.69% a year earlier. Provision for credit losses was $171k in Q3. Stockholders' equity totaled $35.3M and the community bank leverage ratio was 9.96%.
Pacific West Bancorp (PWBK) reported strong Q2 2025 financial results, with net income reaching $130 thousand ($0.05 per diluted share), marking a 60.8% increase from Q1 2025 and a 143.8% surge year-over-year.
Key highlights include deposit growth of $28.0 million (9.6%) quarter-over-quarter to $318.6 million, and a significant 28.7% year-over-year increase. The bank reduced FHLB borrowings by $9.6 million and improved its net interest income by 26.6% year-over-year. Gross loans reached $260.4 million, with new loan originations of $9.9 million at a 6.84% weighted rate.
The bank maintains a strong capital position with a community bank leverage ratio of 10.15% and total shareholders' equity of $34.6 million.
Pacific West Bancorp (PWBK) reported Q1 2025 net income of $81 thousand ($0.03 per diluted share), marking a 132.2% increase from Q1 2024. Key highlights include:
- Total deposits reached $290.7M, growing 6.6% quarterly and 21.3% year-over-year
- Total loans increased 1.4% to $256.3M, with $14.5M in new lending commitments
- Borrowings reduced by 24.5% to $14.6M
- Interest income reached $4.4M, up 7.5% year-over-year
- Net interest margin expanded to 3.10%, up 42 basis points year-over-year
- Non-interest income grew 18% quarterly and 48.9% annually
- Cost of interest-bearing deposits decreased to 3.23%, down 23 basis points from previous quarter
The loan portfolio maintained a 5.83% yield with an Allowance for Credit Losses at 1.44% of total loans and debt securities.
Pacific West Bancorp (PWBK) reported Q4 2024 net income of $155,000 ($0.06 per diluted share), with a full-year 2024 net loss of ($338,000) or ($0.13) per diluted share. Key Q4 highlights include core deposits growth of $7.2M, $11.0M growth in unfunded lending commitments, and retirement of $13.5M in borrowings.
For full-year 2024, interest income reached $17.4M, up 19.8% from 2023. Core deposits grew by $54.4M (25.15%), while non-interest-bearing deposits increased by $7.0M (11.06%). The bank maintained a 'well-capitalized' status with a 10.29% leverage ratio. Net interest margin improved to 3.06% in Q4, up 31 basis points from Q3. Total deposits reached $272.7M, marking a 14.8% increase year-over-year, with core deposits representing 99.23% of total deposits.
Pacific West Bancorp (PWBK) reported a Q3 net loss of ($12) thousand. Key highlights include: net deposit growth of $27.9 million (11.3% increase), with $52.2 million growth in core deposits offset by $24.3 million reduction in non-core deposits. Total assets reached $345 million, up 7.5% quarter-over-quarter. The bank saw loan growth of $2.3 million (1%), interest income increase of $478 thousand (11.6%), and net interest margin improvement of 13 basis points to 2.76%. Non-interest expense decreased by $174 thousand (6.9%) compared to Q1 2024.
Pacific West Bancorp (PWBK) announced its Q2 2024 financial results, showing a net loss of $230,000 or $0.09 per diluted share, an 8% improvement over Q1. Key highlights include:
- Total deposits increased by $8 million (3.3%) to $248 million
- Gross loans grew by $5 million (2.0%)
- Non-interest expense decreased by $135,000 (5.4%)
- Net loss before tax and provision improved by $94,000 (28.6%)
- Strong capital position with a Tier 1 leverage ratio of 11.02%
- Assets ended at $321 million
The bank's strategic initiatives led to improved cost controls, deposit growth, and a focus on non-interest-bearing deposits. New partnerships with Benepass and Interchange are expected to drive further deposit growth and enhance the digital division platform.
Pacific West Bancorp announces leadership promotions, including the transition of the CEO and the promotion of the President to CEO on June 1st, 2024. Terry Peterson retires as CEO, with Jason Wessling taking over. Lisa Fajardo-Faust and Sujana Regmi-Schuler also receive promotions within the company. The company emphasizes continuity and talent development in its leadership team.
Summary not available.