STOCK TITAN
  1. Home
  2. SEC Filings
  3. CWBC
  4. [8-K] Community West Bancshares Reports Material Event

Community West Bancshares Q3 profit falls to $8.07M

Net interest income increased 52.66% year over year, while nonaccrual loans reached $38.273 million at September 30, 2026.

Filing Impact
(High)
Filing Sentiment

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment worksHow the balance works

Form Type
8-K

Rhea-AI Filing Summary

Community West Bancshares reported third-quarter 2026 net income of $8.066 million and diluted earnings per share of $0.30, compared with $10.873 million and $0.57 a year earlier; the preceding quarter’s figures were $2.695 million and $0.10. Net interest income before provision for credit losses was $53.344 million, up 52.66% from $34.944 million, and fully tax-equivalent net interest margin was 4.65%, versus 4.20% a year earlier.

The company completed its merger with United Security Bancshares on April 1, 2026. Deposits acquired in the merger were $1.1 billion as of that date, and acquired loans had a fair value of $877.8 million. During the quarter, gross loans increased $19.1 million, or 0.54%, and deposits increased $101.0 million, or 2.45%, from June 30. The cost of deposits was 1.27%, compared with 1.31% in the prior quarter. Nonaccrual loans reached $38.273 million, up from $19.757 million at June 30.

Nine-month net income was $22.250 million, compared with $26.998 million in 2025; reported results included merger-related expenses and a one-time legal settlement expense of $6.615 million. The board declared a quarterly cash dividend of $0.12 per share, payable November 20, 2026, to shareholders of record November 6, 2026.

1 point · 0 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 2 points

How the balance works

Positive

  • Moderate pointNet interest income rose 52.66% to $53.344 million year over year.

Negative

  • Moderate pointNet income fell to $8.066 million from $10.873 million year over year.
  • Moderate pointNonaccrual loans rose to $38.273 million at September 30, 2026.

Filing Explained

Two relationships reaching 90 days past due drove the rise in nonaccrual loans; the company says they are adequately reserved individually.

The filing reports that litigation related to a former depositor has been resolved, with a one-time $6,615,000 expense in third-quarter results.

The release’s reconciliation reports non-GAAP “comparable net income” of $17,787 thousand for the third quarter versus $12,307 thousand for the preceding quarter, after listed non-core adjustments including merger costs, securities losses and the settlement, with tax effects.

The company attributes the increase in nonaccrual loans to two relationships that reached 90 days past due; it evaluates them as collateral-dependent and says they are adequately reserved individually.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Net income $8.066 million Three months ended September 30, 2026; $10.873 million in the same period of 2025
Diluted earnings per share $0.30 per share Three months ended September 30, 2026; $0.57 in the same period of 2025
Net interest income before provision for credit losses $53.344 million Three months ended September 30, 2026; up 52.66% from the same period of 2025
Net interest margin 4.65% Fully tax-equivalent basis, three months ended September 30, 2026; 4.20% in the same period of 2025
Nonaccrual loans $38.273 million At September 30, 2026; $19.757 million at June 30, 2026
Quarterly cash dividend $0.12 per share Payable November 20, 2026, to shareholders of record November 6, 2026
fully tax equivalent basis financial
"Net interest margin (fully tax equivalent basis)"
non-accrual loans financial
"non-accrual loans increased $18,516,000"
A non-accrual loan is a loan a lender has decided is unlikely to produce the scheduled interest payments, so the lender stops counting future interest as income and may record the loan at a reduced value. Think of it like renting out a house where the tenant has stopped paying: you stop counting future rent as earnings because it’s uncertain you’ll get it. For investors, a rise in non-accrual loans signals worsening credit quality, lower reported income and higher potential losses that can weaken a bank’s capital and share price.
Day 1 allowance financial
"a Day 1 allowance for credit losses was established"
brokered deposits financial
"reduced the need for brokered deposit funding"
Brokered deposits are large sums of customer cash placed at a bank through a third-party intermediary that shops around for the best interest rate, like a broker assembling a big bucket of savings and directing it to a bank. They matter to investors because they can quickly change a bank’s funding level and cost — providing fast liquidity but also adding volatility and regulatory scrutiny that can affect a bank’s stability and profitability.
core deposit intangibles financial
"Amortization of core deposit intangibles"
Core deposit intangibles are the recorded value placed on a bank’s customer deposits when one financial institution buys another, reflecting the extra worth of stable, low-cost accounts that are expected to stay after the sale. Investors care because this value is written into the buyer’s books and gradually expensed over time, which affects reported earnings and signals how much the market values the predictability and cost advantage of those customer relationships—similar to paying extra for a neighborhood store because its regular customers keep coming back.
Net income $8.066 million Compared with $10.873 million in the three months ended September 30, 2025.
Diluted earnings per share $0.30 Compared with $0.57 in the three months ended September 30, 2025.
Net interest income before provision for credit losses $53.344 million Increased 52.66% from $34.944 million in the three months ended September 30, 2025.
Net interest margin, fully tax-equivalent basis 4.65% Compared with 4.20% in the three months ended September 30, 2025.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Community West Bancshares’ Q3 2026 earnings?
Community West Bancshares reported net income of $8.066 million and diluted earnings per share of $0.30 for the three months ended September 30, 2026. The comparable 2025 figures were $10.873 million and $0.57.

What dividend did CWBC declare, and when is it payable?
CWBC declared a $0.12 per-share quarterly cash dividend, payable November 20, 2026, to shareholders of record November 6, 2026.

What drove CWBC’s third-quarter net interest income?
The company attributed the increase to higher average loans following the merger and organic loan growth, a higher yield on interest-earning assets, and a lower cost of deposits. The yield on interest-earning assets was 5.94%, compared with 5.62% in the third quarter of 2025.

How did CWBC’s credit quality change in Q3 2026?
Nonaccrual loans increased $18.516 million to $38.273 million from June 30, 2026. The company said two relationships reached 90 days past due during the quarter and that the loans were evaluated as collateral dependent and adequately reserved on an individual basis.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Available on EDGAR Accepted by SEC EDGAR
FALSE000112737100011273712026-10-222026-10-22

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: October 22, 2026
(Date of earliest event reported)
COMMUNITY WEST BANCSHARES
(Exact name of registrant as specified in its charter)
CA
(State or other jurisdiction
of incorporation)
000-31977
(Commission File Number)
77-0539125
(IRS Employer
Identification Number)
7100 N. Financial Dr., Ste. 101, Fresno, CA
(Address of principal executive offices)
93720
(Zip Code)
559-298-1775
(Registrant’s telephone number, including area code)
Securities registered pursuant to Section 12(b) of the Act:
Common Stock, no par valueCWBCNASDAQ
(Title of Each Class)(Trading Symbol)(Name of Each Exchange on which Registered)
Not Applicable
(Former Name or Former Address, if changed since last report)



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act  o


Item 2.02. Results of Operations and Financial Condition

On October 22, 2026, Community West Bancshares issued a press release containing unaudited financial information and accompanying discussion for the quarter ended September 30, 2026. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 8.01. Other Events

On October 21, 2026, the Board of Directors of Community West Bancshares declared a $0.12 per share cash dividend payable on November 20, 2026 to shareholders of record as of November 6, 2026.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits
99.1    Press Release of Community West Bancshares dated October 22, 2026


The information in this Form 8-K filed on October 22, 2026 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing.



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated:
October 22, 2026
COMMUNITY WEST BANCSHARES

By:  /s/ Shannon R. Livingston                  
       Shannon R. Livingston
       Executive Vice President and Chief Financial Officer (Principal
       Accounting Officer)



cwbclogo.jpg
FOR IMMEDIATE RELEASE
COMMUNITY WEST BANCSHARES REPORTS EARNINGS RESULTS
FOR THE QUARTER ENDED SEPTEMBER 30, 2026,
AND QUARTERLY DIVIDEND

FRESNO, CALIFORNIA...October 22, 2026...The Board of Directors of Community West Bancshares (“Company”) (NASDAQ: CWBC), the parent company of Community West Bank (“Bank”), reported today unaudited consolidated net income of $8,066,000, and diluted earnings per share of $0.30 for the three months ended September 30, 2026, compared to net income of $10,873,000 and $0.57 per diluted common share for the three months ended September 30, 2025. The Company declared a $0.12 per common share cash dividend, payable on November 20, 2026 to shareholders of record as of November 6, 2026.

“The strength of our Company begins with the relationships our team builds every day,” said James J. Kim, CEO and President of the Company and Bank. “During the third quarter, that work translated into strong core deposit growth and a stronger liquidity position. Our bankers welcomed new clients throughout our Central California territory and deepened existing client relationships while continuing the work of a newly combined organization.”

“As we complete our second full quarter following the United Security Bancshares merger, I am encouraged by the commitment of our team and the confidence our clients place in us. Their consistent support provides a strong foundation as we focus on serving our communities and delivering long-term value for our shareholders.”
FINANCIAL HIGHLIGHTS
•On April 1, 2026, the Company completed its previously announced merger (“Merger”) with United Security Bancshares (“USB”) pursuant to which USB merged with and into the Company, with the Company continuing as the surviving entity. Following the Merger, United Security Bank, a wholly-owned subsidiary of USB, merged with and into Community West Bank (the “Bank”), a wholly-owned subsidiary of the Company, with the Bank continuing as the surviving entity.
•Net income during the third quarter increased to $8.07 million, or $0.30 per diluted common share, compared to net income of $2.70 million and $0.10 per diluted common share, respectively, in the second quarter of 2026.
•The Company recorded a provision for credit losses of $578,000 during the quarter ended September 30, 2026, as compared to $5,635,000 during the trailing quarter. The current quarter provision is attributed to a provision for loan losses totaling $588,000 and a provision to the reserve for unfunded commitments of $89,000, partially offset by a credit to the reserve for held-to-maturity securities of $99,000.
•Gross loans increased by $19.1 million or 0.54% for the quarter ended September 30, 2026 compared to the quarter ended June 30, 2026 and increased $1.0 billion or 40.22% year-to-date. The fair value of loans acquired from USB was $877.8 million as of April 1, 2026.
•Total deposits increased by $101.0 million or 2.45% for the quarter ended September 30, 2026 compared to the quarter ended June 30, 2026 and $1.1 billion or 36.35% year-to-date. Total deposits acquired as a result of the Merger were $1.1 billion as of April 1, 2026. Brokered deposits decreased by $107.5 million or 24.53% for the quarter ended September 30, 2026 compared to the quarter ended June 30, 2026 and decreased $112.8 million or 25.45% year-to-date. The decrease in brokered deposits was a result of the Company’s strengthened liquidity position from strong core deposit growth, which reduced the need for brokered deposit funding during the period. Excluding the quarter-to-date decrease of $107.5 million in brokered deposits, total deposits increased by $208.5 million or 5.66% relative to the quarter ended June 30, 2026.
- more -

Community West Bancshares -- page 2
•Total cost of deposits decreased to 1.27% for the quarter ended September 30, 2026 compared to 1.31% for the quarter ended June 30, 2026, and decreased from 1.39% for the quarter ended December 31, 2025.
•Average non-interest bearing demand deposits as a percentage of total average deposits totaled 34.82% and 34.14% for the quarters ended September 30, 2026 and June 30, 2026, respectively.
•Net interest margin (calculated on a fully tax equivalent basis) increased to 4.65% for the quarter ended September 30, 2026, from 4.56% for the quarter ended June 30, 2026.
•Return on average assets was 0.65% for the quarter ended September 30, 2026 as compared to 0.22% and 1.21% for the quarters ended June 30, 2026 and September 30, 2025, respectively. Return on average assets, excluding the non-core items of merger expenses, expense incurred as a result of a one-time legal settlement, and net loss on sales/calls of securities, was 1.41% for the quarter ended September 30, 2026 as compared to 1.00% and 1.21% for the quarters ended June 30, 2026 and September 30, 2025, respectively. See non-GAAP disclosures for more information.
•Return on average equity was 5.27% for the quarter ended September 30, 2026 as compared to 1.77% and 11.25% for the quarters ended June 30, 2026 and September 30, 2025, respectively. Return on average equity, excluding the non-core items of merger expenses, expense incurred as a result of a one-time legal settlement, and net loss on sales/calls of securities, was 11.61% for the quarter ended September 30, 2026 as compared to 8.10% and 11.27% for the quarters ended June 30, 2026 and September 30, 2025, respectively. See non-GAAP disclosures for more information.
•Capital positions remained strong at September 30, 2026 with a 9.69% Tier 1 Leverage Ratio; a 11.14% Common Equity Tier 1 Ratio; a 11.26% Tier 1 Risk-Based Capital Ratio; and a 13.28% Total Risk-Based Capital Ratio.

“The third quarter financial results reflect organic growth in loans and deposits, a lower cost of deposits, and our tenth consecutive quarter of net interest margin expansion,” said Shannon Livingston, Executive Vice President and Chief Financial Officer. “Strong core deposit growth has strengthened the Company’s funding profile, a direct result of our team’s work to retain and build client relationships.”

“While net income increased as compared with the prior quarter, we look forward to moving beyond merger-related expenses and entering a more normalized fourth quarter. We remain focused on disciplined balance sheet management and translating the earnings capacity of the Company into long-term performance.”


Results of Operations
Three months endedNine months ended
September 30,
June 30,
September 30,
September 30,
(In thousands, except share and per-share amounts) 
2026
2026
202520262025
Net interest income before provision for credit losses$53,344 $50,912 $34,944 $140,260 $100,431 
Provision for credit losses578 5,635 667 6,303 3,239 
Net interest income after provision for credit losses52,766 45,277 34,277 133,957 97,192 
Total non-interest income4,680 (1,970)2,966 5,497 7,941 
Total non-interest expenses46,168 39,143 22,167 108,298 67,934 
Income before provision for income taxes11,278 4,164 15,076 31,156 37,199 
Provision for income taxes3,212 1,469 4,203 8,906 10,201 
Net income$8,066 $2,695 $10,873 $22,250 $26,998 



- more -

Community West Bancshares -- page 3
Statement Regarding use of Non-GAAP Financial Measures
In this press release, Community West Bancshares’ financial results are presented in accordance with GAAP and refer to certain non-GAAP financial measures. Management believes that presentation of operating results using non-GAAP financial measures provides useful supplemental information to investors and facilitates the analysis of the Company’s core operating results and comparison of operating results across reporting periods. Management also uses non-GAAP financial measures to establish budgets and manage the Company’s business. A reconciliation of the GAAP financial measures to comparable non-GAAP financial measures is presented below.

Reconciliation of GAAP and Non-GAAP Financial Measures

For the Three Months Ended For the Nine Months Ended
September 30,
June 30,
September 30,
September 30,
September 30,
(In thousands, except share and per-share amounts)
2026
2026202520262025
NET INCOME ADJUSTED FOR NON-CORE ITEMS
Net income (GAAP)$8,066 $2,695 $10,873 $22,250 $26,998 
Merger and conversion related costs:
Personnel and severance1,825 4,824 — 6,650 — 
Professional services142 2,361 — 2,871 278 
Data processing and technology3,185 502 — 3,687 — 
Other2,014 60 — 1,994 — 
Total merger and conversion related costs7,166 7,747 — 15,202 278 
Loss on sales/calls of investment securities19 5,899 26 5,918 41 
Legal settlement6,615 — — 6,615 — 
Income tax impact of non-core items (1)(4,079)(4,034)(8)(8,198)(94)
Comparable net income (non-GAAP)$17,787 $12,307 $10,891 $41,787 $27,223 
DILUTED EARNINGS PER SHARE
Weighted average diluted shares27,144,648 27,108,920 19,093,544 24,493,822 19,051,291 
Diluted earnings per share (GAAP)$0.30 $0.10 $0.57 $0.91 $1.42 
Comparable diluted earnings per share (non-GAAP)$0.66 $0.45 $0.57 $1.71 $1.43 
RETURN ON AVERAGE ASSETS (Annualized)
Average assets$5,051,226 $4,927,433 $3,595,359 $4,563,179 $3,559,252 
Return on average assets (GAAP)0.65 %0.22 %1.21 %0.65 %1.01 %
Impact of non-core items0.76 %0.78 %— %0.57 %0.01 %
Comparable return on average assets (non-GAAP)1.41 %1.00 %1.21 %1.22 %1.02 %
RETURN ON AVERAGE EQUITY (Annualized)
Average stockholders' equity$612,710 $607,758 $386,500 $546,927 $378,037 
Return on average equity (GAAP)5.27 %1.77 %11.25 %5.42 %9.52 %
Impact of non-core items6.34 %6.33 %0.02 %4.76 %0.08 %
Comparable return on average equity (non-GAAP)11.61 %8.10 %11.27 %10.18 %9.60 %
EFFICIENCY RATIO
Non-interest expense (GAAP)$46,168 $39,143 $22,167 $108,298 $67,934 
Non-core expenses(13,781)(7,747)— (21,817)(278)
Comparable non-interest expense (non-GAAP)32,387 31,396 22,167 86,481 67,656 
Net interest income (GAAP)53,344 50,912 34,944 140,260 100,431 
Non-interest income (GAAP)4,680 (1,970)2,966 5,497 7,941 
Loss on sales/calls of investment securities19 5,899 26 5,918 41 
Comparable non-interest income (non-GAAP)$4,699 $3,929 $2,992 $11,415 $7,982 
Efficiency ratio (GAAP)79.57 %79.98 %58.47 %74.30 %62.69 %
Comparable efficiency ratio (non-GAAP)55.80 %57.25 %58.43 %57.02 %62.41 %
       (1) Calculated at statutory tax rate of 29.56%.
- more -

Community West Bancshares -- page 4
Three months ended Nine months ended
September 30,
June 30,
September 30,
September 30,
September 30,
(Dollars in thousands)
2026
2026
202520262025
PRE-TAX PRE-PROVISION RETURN ON AVERAGE ASSETS OR EQUITY
Net income (GAAP)$8,066 $2,695 $10,873 $22,250 $26,998 
Exclude provision for income taxes3,212 1,469 4,203 8,906 10,201 
Exclude provision for credit losses578 5,635 667 6,303 3,239 
Net income before income tax and provision expense (Non-GAAP)$11,856 $9,799 $15,743 $37,459 $40,438 
Net income excluding non-core items (Non-GAAP)17,787 12,307 10,891 41,787 27,223 
Exclude provision for income taxes (Non-GAAP) (1)7,291 5,503 4,211 17,104 10,295 
Exclude provision for credit losses578 5,635 667 6,303 3,239 
Net income excluding non-core items before income tax and provision expense (Non-GAAP)$25,656 $23,445 $15,769 $65,194 $40,757 
RETURN ON AVERAGE ASSETS (Annualized)
Average assets$5,051,226 $4,927,433 $3,595,359 $4,563,179 $3,559,252 
Return on average assets (GAAP)0.65 %0.22 %1.21 %0.65 %1.01 %
Pre-tax pre-provision return on average assets (Non-GAAP)0.94 %0.80 %1.75 %1.09 %1.51 %
Pre-tax pre-provision excluding non-core items return on average assets (Non-GAAP)2.03 %1.90 %1.75 %1.90 %1.53 %
RETURN ON AVERAGE EQUITY (Annualized)
Average stockholders' equity$612,710 $607,758 $386,500 $546,927 $378,037 
Return on average equity (GAAP)5.27 %1.77 %11.25 %5.42 %9.52 %
Pre-tax pre-provision return on average equity (Non-GAAP)7.74 %6.45 %16.29 %9.13 %14.26 %
Pre-tax pre-provision excluding non-core items return on average equity (Non-GAAP)16.75 %15.43 %16.32 %15.89 %14.37 %
       (1) Calculated as GAAP provision for income taxes plus income tax impact of non-core items at statutory tax rate of 29.56%.

September 30,
June 30,
March 31,
December 31,
September 30,
(Dollars in thousands)
2026
2026202620252025
TANGIBLE COMMON EQUITY
Shareholders’ equity (GAAP)$602,186 $607,820 $419,203 $409,588 $397,576 
Exclude goodwill155,088 154,600 96,828 96,828 96,828 
Exclude other intangibles assets30,849 32,723 8,015 8,266 8,516 
Tangible common equity (Non-GAAP)$416,249 $420,497 $314,360 $304,494 $292,232 
TANGIBLE COMMON EQUITY PER SHARE
Tangible shareholders’ equity (Non-GAAP)$416,249 $420,497 $314,360 $304,494 $292,232 
Common shares outstanding at end of period27,134,636 27,131,078 19,185,275 19,163,452 19,138,677 
Common shareholders’ equity (book value) per share (GAAP)$22.19 $22.40 $21.85 $21.37 $20.77 
Tangible common shareholders’ equity (tangible book value) per share (Non-GAAP)$15.34 $15.50 $16.39 $15.89 $15.27 

- more -

Community West Bancshares -- page 5
For the quarter ended September 30, 2026, the Company reported unaudited consolidated net income of $8,066,000 and diluted earnings per common share of $0.30, compared to consolidated net income of $2,695,000 and $0.10 per fully diluted share for the trailing quarter, and consolidated net income of $10,873,000 and $0.57 per diluted share for the same period in 2025. The Company's earnings during the quarter were impacted from merger expenses and an expense incurred as a result of a one-time legal settlement as compared to the prior quarter, partially offset by a lower loan loss provision as compared to the quarter.

For the nine months ended September 30, 2026, the Company reported unaudited consolidated net income of $22,250,000 and diluted earnings per common share of $0.91, compared to consolidated net income of $26,998,000 and $1.42 per diluted share for the same period in 2025. The net income for the period decreased as compared to the prior year due to an increase in net realized losses on sales and calls of investment securities of $5,877,000, expense incurred as a result of a one-time legal settlement of $6,615,000, an increase in the provision for credit losses of $3,064,000, and an increase in merger expenses of $14,924,000.

Annualized return on average assets (ROAA) was 0.65% for the quarter ended September 30, 2026 compared to 1.21% for the same period in 2025. Annualized return on average equity (ROAE) for the quarter ended September 30, 2026 was 5.27%, compared to 11.25% for the same period of 2025. Annualized return on average assets (ROAA) excluding non-core items (Non-GAAP) was 1.41% for the quarter ended September 30, 2026 compared to 1.21% for the same period in 2025. Annualized return on average equity (ROAE) excluding non-core items (Non-GAAP) for the quarter ended September 30, 2026 was 11.61%, compared to 11.27% for the same period of 2025.

The effective yield on average investment securities, including interest earning deposits in other banks and Federal funds sold, was 3.25% for the quarter ended September 30, 2026, compared to 2.96% for the quarter ended September 30, 2025 and 3.05% for the quarter ended June 30, 2026. The effective yield on average investment securities, including interest earning deposits in other banks and Federal funds sold, was 3.05% for the nine months ended September 30, 2026, compared to 2.98% for the nine months ended September 30, 2025.

Total average loans, including non-accrual loans, increased by $1,158,515,000 to $3,575,670,000 for the quarter ended September 30, 2026, from $2,417,155,000 for the quarter ended September 30, 2025 and increased by $73,558,000 from $3,502,112,000 for the quarter ended June 30, 2026. The year over year increase was due to the completed Merger as of April 1, 2026 combined with organic loan growth throughout the Company’s footprint. The effective yield on average loans was 6.73% for the quarter ended September 30, 2026, compared to 6.65% and 6.76% for the quarters ended September 30, 2025 and June 30, 2026, respectively. Total average loans increased by $822,314,000 to $3,190,138,000 for the nine months ended September 30, 2026, from $2,367,824,000 for the nine months ended September 30, 2025. The effective yield on average loans was 6.73% for the nine months ended September 30, 2026, compared to 6.68% for the nine months ended September 30, 2025.

The Company’s net interest margin (fully tax equivalent basis) was 4.65% for the quarter ended September 30, 2026, compared to 4.20% for the quarter ended September 30, 2025 and 4.56% for the quarter ended June 30, 2026. Net interest income, before provision for credit losses, increased by $18,400,000 or 52.66%, to $53,344,000 for the third quarter of 2026, compared to $34,944,000 for the same period in 2025. In addition to the increase in average loans due to the Merger with USB and organic loan growth, the Company's yield on interest earning assets has increased from 5.62% for the quarter ended September 30, 2025 to 5.94% for the quarter ended September 30, 2026. Additionally, the Company benefited from a decrease in the cost on interest-bearing liabilities, in which the cost of total deposits decreased to 1.27% from 1.39% when comparing the quarters ended September 30, 2026 and 2025. The decrease in the cost of deposits is primarily attributed to the addition of the USB deposit portfolio which carried an overall lower interest cost. This decrease was further driven by strong organic deposit growth that allowed the maturation and payoff of brokered deposits during the quarter. Net interest margin during the three months ended September 30, 2026 and 2025 and June 30, 2026 benefited by approximately 38 basis points ($4,391,000), 28 basis points ($2,328,000), and 44 basis points ($4,960,000), respectively, from the net accretion of fair value marks.

- more -

Community West Bancshares -- page 6
The Company’s net interest margin (fully tax equivalent basis) was 4.53% for the nine months ended September 30, 2026, compared to 4.12% for the nine months ended September 30, 2025. Net interest income, before provision for credit losses, increased $39,829,000 or 39.66%, to $140,260,000 for the nine months ended September 30, 2026, compared to $100,431,000 for the same period in 2025. The accretion on loan marks of acquired loans increased interest income by $11,914,000 and $8,866,000 during the nine months ended September 30, 2026 and 2025, respectively. Net interest margin during the nine months ended September 30, 2026 and 2025 benefited by approximately 37 basis points ($11,604,000) and 26 basis points ($6,443,000), respectively, from the net accretion of the fair value marks.

Non-Interest Income - The following tables present the key components of non-interest income for the periods indicated:
Three months ended
September 30,
June 30,
(Dollars in thousands)
2026
2026
$ Change% Change
Gain on sale of loans$1,677 $182 $1,495 821.4 %
Interchange fees785 836 (51)(6.1)%
Service charges673 1,038 (365)(35.2)%
Appreciation in cash surrender value of bank owned life insurance530 522 8 1.5 %
Federal Home Loan Bank dividends478 217 261 120.3 %
Loan placement fees191 299 (108)(36.1)%
Net realized losses on sales and calls of investment securities(19)(5,899)5,880 (99.7)%
Other income365 835 (470)(56.3)%
Total non-interest income$4,680 $(1,970)$6,650 (337.6)%

Three months ended
September 30,
September 30,
(Dollars in thousands)
2026
2025
$ Change% Change
Gain on sale of loans$1,677 $107 $1,570 1467.3 %
Interchange fees785 493 292 59.2 %
Service charges673 519 154 29.7 %
Appreciation in cash surrender value of bank owned life insurance530 379 151 39.8 %
Federal Home Loan Bank dividends478 240 238 99.2 %
Loan placement fees191 215 (24)(11.2)%
Gain on proceeds from death benefits— 198 (198)(100.0)%
Net realized losses on sales and calls of investment securities(19)(26)7 (26.9)%
Other income365 841 (476)(56.6)%
Total non-interest income$4,680 $2,966 $1,714 57.8 %

- more -

Community West Bancshares -- page 7
Nine months ended
September 30,
September 30,
(Dollars in thousands)
2026
2025
$ Change% Change
Service charges$2,229 $1,526 $703 46.1 %
Interchange fees2,085 1,501 584 38.9 %
Gain on sale of loans1,891 343 1,548 451.3 %
Appreciation in cash surrender value of bank owned life insurance1,430 1,117 313 28.0 %
Federal Home Loan Bank dividends1,251 718 533 74.2 %
Loan placement fees636 632 4 0.6 %
Gain on proceeds from death benefits— 198 (198)(100.0)%
Net realized losses on sales and calls of investment securities(5,918)(41)(5,877)14334.1 %
Other income1,893 1,947 (54)(2.8)%
Total non-interest income$5,497 $7,941 $(2,444)(30.8)%
The increase in non-interest income quarter-to-date was primarily due to an increase in gain on sale of loans and minimal realized losses in the investment portfolio. The decrease in non-interest income year-to-date as compared to the prior year-to-date period was due to the net realized losses on sales within the investment portfolio. The investment sales proceeds were reinvested into higher yielding investment securities during the end of the second quarter 2026 and are accretive to income beginning in the third quarter. Partially offsetting these losses for the year-to-date period were increases in service charges, interchange fees, gain on sale of loans, bank-owned life insurance, and FHLB dividends, all of which benefited from the expanded client and asset base resulting from the Merger with USB completed on April 1, 2026.

Non-Interest Expense - The following table presents the key components of non-interest expense for the periods indicated:
Three months ended
September 30,
June 30,
(Dollars in thousands)
2026
2026
$ Change% Change
Salaries and employee benefits$16,667 $16,318 $349 2.1 %
Merger and acquisition expense7,167 7,746 (579)(7.5)%
Legal settlement6,615 — 6,615 — %
Occupancy and equipment3,958 3,803 155 4.1 %
Information technology2,675 2,658 17 0.6 %
Amortization of core deposit intangibles1,873 1,873 — — %
Data processing expense1,128 1,218 (90)(7.4)%
Professional services714 840 (126)(15.0)%
Regulatory assessments708 706 2 0.3 %
ATM/Debit card expenses635 677 (42)(6.2)%
Loan related expenses 310 208 102 49.0 %
Directors’ expenses231 261 (30)(11.5)%
Advertising218 185 33 17.8 %
Personnel other64 25 39 156.0 %
Other expense3,205 2,625 580 22.1 %
   Total non-interest expenses$46,168 $39,143 $7,025 17.9 %

- more -

Community West Bancshares -- page 8
Three months ended
September 30,
September 30,
(Dollars in thousands)
2026
2025$ Change% Change
Salaries and employee benefits$16,667 $12,525 $4,142 33.1 %
Merger and acquisition expense7,167 — 7,167 — %
Legal settlement6,615 — 6,615 — %
Occupancy and equipment3,958 2,933 1,025 34.9 %
Information technology2,675 1,711 964 56.3 %
Amortization of core deposit intangibles1,873 250 1,623 649.2 %
Data processing expense1,128 748 380 50.8 %
Professional services714 447 267 59.7 %
Regulatory assessments708 490 218 44.5 %
ATM/Debit card expenses635 359 276 76.9 %
Loan related expenses 310 252 58 23.0 %
Directors’ expenses231 234 (3)(1.3)%
Advertising218 185 33 17.8 %
Personnel other64 19 45 236.8 %
Other expense3,205 2,014 1,191 59.1 %
   Total non-interest expenses$46,168 $22,167 $24,001 108.3 %
Nine months ended
September 30,
September 30,
(Dollars in thousands)
2026
2025
$ Change% Change
Salaries and employee benefits$45,748 $37,744 $8,004 21.2 %
Merger and acquisition expense15,202 278 14,924 5368.3 %
Occupancy and equipment10,616 8,554 2,062 24.1 %
Information technology7,046 5,404 1,642 30.4 %
Legal settlement6,615 — 6,615 — %
Amortization of core deposit intangibles3,997 752 3,245 431.5 %
Data processing expense3,106 2,403 703 29.3 %
Professional services2,176 1,950 226 11.6 %
Regulatory assessments1,940 1,479 461 31.2 %
ATM/Debit card expenses1,658 1,149 509 44.3 %
Directors’ expenses727 686 41 6.0 %
Loan related expenses 704 628 76 12.1 %
Advertising604 687 (83)(12.1)%
Personnel other127 217 (90)(41.5)%
Other expense8,032 6,003 2,029 33.8 %
Total non-interest expenses$108,298 $67,934 $40,364 59.4 %
The increase in non-interest expenses quarter-to-date was primarily due to an expense incurred as a result of a one-time legal settlement, salaries and employee benefits, and other expenses. Partially offsetting these quarter-to-date increases were decreases in merger expenses, data processing expense, ATM/Debit card expenses and directors’ expenses. The increase in non-interest expenses year-to-date as compared to the prior year-to-date period was driven by merger expenses, the expense incurred as a result of a one-time legal settlement, salaries and employee benefits, information technology, and amortization of core deposit intangibles. The legal settlement resolved ongoing litigation related to a former depositor and resulted in a one-time expense of $6,615,000. Many of these increases are directly attributable to the Company's merger, which closed on April 1, 2026, and the resulting integration of operations.
- more -

Community West Bancshares -- page 9
Balance Sheet Summary

The acquisition of USB has been accounted for using the acquisition method of accounting in accordance with ASC Topic 805. Assets acquired, liabilities assumed, intangibles recognized and consideration exchanged was recorded at their respective acquisition date fair values. Determining the fair value of assets and liabilities involves significant judgment regarding methods and assumptions used to calculate estimated fair values. We recorded the fair values based on the valuations available as of reporting date. In accordance with business combination accounting guidance, we will continue to evaluate these fair values for up to one year following the Merger date of April 1, 2026. While management believes the information available and presented below provide a reasonable basis for estimating fair value, we may obtain additional information and evidence during the measurement period that could result in changes to the estimated fair value amounts. Valuation subject to change include, but not limited to, loans and leases, deposits, deferred tax items, and certain other assets and liabilities.

The following table summarizes the consideration paid for USB and the amounts of assets acquired and liabilities assumed that were recorded at the acquisition date (in thousands):

United Security Bancshares
April 1, 2026
Fair value of consideration transferred:
Fair value of shares issued$184,586 
Cash consideration86 
Total merger consideration$184,672 
Assets acquired:
Cash and cash equivalents$58,911 
Available-for-sale debt securities136,565 
Marketable equity securities3,407 
Loans and leases877,836 
OREO8,185 
Premises and equipment13,177 
Cash value of life insurance21,387 
Core deposit intangibles26,581 
Deferred tax asset, net15,834 
FHLB stock6,737 
Other assets32,073 
Total assets acquired1,200,693 
Liabilities assumed:
Deposits(1,058,485)
Junior sub-debt(6,064)
Salary continuation plans(4,107)
Other liabilities(5,625)
Total liabilities assumed(1,074,281)
Total net assets acquired126,412 
Goodwill created from transaction$58,260 

Total assets for the period ended September 30, 2026 increased $1,322,771,000 or 35.84%, compared to the period ended December 31, 2025. Total average assets for the quarter ended September 30, 2026 were $5,051,226,000 compared to $3,595,359,000 for the quarter ended September 30, 2025 and $4,927,433,000 for the quarter ended June 30, 2026, an increase of $1,455,867,000 or 40.49% and an increase of $123,793,000 or 2.51%, respectively.

- more -

Community West Bancshares -- page 10
For the quarter ended September 30, 2026, the Company’s average gross investment securities increased by $67,674,000, or 8.26%, compared to the quarter ended September 30, 2025, and decreased by $18,966,000, or 2.09%, compared to the quarter ended June 30, 2026. This increase compared to the prior year was the result of the acquired securities from the Merger with USB during the second quarter. The quarter-over-quarter decrease was due to calls and maturities of available-for-sale securities and held-to-maturity securities outpacing purchases.

In comparing the quarter ended September 30, 2026 to the quarters ended September 30, 2025 and June 30, 2026, total average gross loans increased $1,158,515,000 or 47.93%, and increased by $73,558,000 or 2.10%, respectively. The fair value of loans acquired from USB was $877.8 million as of April 1, 2026. Included in the fair value of loans was an interest rate discount of $37.0 million.

The following table shows the Company’s outstanding loan portfolio composition as of September 30, 2026 and December 31, 2025:
September 30, 2026
December 31, 2025
Loan Type (dollars in thousands)Amount% of TotalAmount% of Total
Commercial:
Commercial and industrial$276,340 7.8 %$156,744 6.2 %
Agricultural production67,001 1.9 %34,152 1.3 %
Total commercial343,341 9.7 %190,896 7.5 %
Real estate:
Construction & other land loans225,647 6.3 %80,452 3.2 %
Commercial real estate - owner occupied556,074 15.6 %368,604 14.5 %
Commercial real estate - non-owner occupied1,255,338 35.2 %992,486 39.1 %
Farmland158,213 4.4 %142,100 5.6 %
Multi-family residential230,171 6.5 %199,123 7.8 %
1-4 family - close-ended305,879 8.6 %111,741 4.4 %
1-4 family - revolving47,854 1.3 %39,818 1.6 %
Total real estate2,779,176 77.9 %1,934,324 76.2 %
Consumer:
Manufactured housing318,711 8.9 %322,761 12.7 %
Other installment121,426 3.4 %92,589 3.6 %
Total consumer440,137 12.3 %415,350 16.3 %
Net deferred origination costs238 0.1 %287 — %
Total gross loans3,562,892 100.0 %2,540,857 100.0 %
Allowance for credit losses(48,633)(30,071)
Total loans$3,514,259 $2,510,786 

The composition of deposits at September 30, 2026 and December 31, 2025 is summarized in the table below:
September 30, 2026
December 31, 2025
(Dollars in thousands)Amount% of TotalAmount% of Total
Savings and NOW accounts$938,600 22.3 %$674,704 21.8 %
MMA accounts1,305,018 30.9 %858,354 27.7 %
Time deposits477,662 11.3 %503,451 16.3 %
Total interest-bearing2,721,280 64.5 %2,036,509 65.8 %
Non-interest bearing1,499,202 35.5 %1,058,765 34.2 %
Total deposits$4,220,482 100.0 %$3,095,274 100.0 %

- more -

Community West Bancshares -- page 11
Total average deposits increased $1,194,832,000 or 38.92%, to $4,265,131,000 for the quarter ended September 30, 2026, compared to $3,070,299,000 for the quarter ended September 30, 2025, and increased $80,696,000, or 1.93%, compared to $4,184,435,000 for the quarter ended June 30, 2026. The increase in average deposits was due to the completion of the Merger with USB and organic growth throughout the Company’s footprint. The Company’s ratio of average non-interest bearing deposits to total deposits was 34.82% for the quarter ended September 30, 2026, compared to 35.79% and 34.14% for the quarters ended September 30, 2025 and June 30, 2026, respectively.

The Company has significant liquidity, both on and off-balance sheet, to meet customer demand. During the year-to-date period, the Company’s cash and cash equivalents increased $59,277,000 to $178,261,000 compared to $118,984,000 at December 31, 2025. The Company had $41,000,000 in short-term borrowings at September 30, 2026 compared to $73,000,000 at December 31, 2025.

At September 30, 2026 and December 31, 2025, the Company had the following sources of primary and secondary liquidity:

Liquidity Sources (in thousands)
September 30, 2026
December 31, 2025
Cash and cash equivalents$178,261 $118,984 
Unpledged investment securities352,274 338,235 
Excess pledged securities64,781 85,961 
FHLB borrowing remaining availability998,199 709,391 
Unsecured lines of credit availability150,000 110,000 
Funds available through FRB discount window2,814 3,411 
Total$1,746,329 $1,365,982 

Credit Quality
During the third quarter of 2026, the Company recorded net loan charge-offs of $1,377,000 compared to net recoveries of $75,000 for the same period in 2025. The primary reason for loan charge-offs during the quarter was for charge-offs within an acquired student loan portfolio from the Merger, in which the Company recorded a Day 1 allowance of $9.5 million in anticipation of future charge-offs in this portfolio segment. The net charge-off ratio reflects annualized net charge-offs to average loans of 0.15% for the quarter ended September 30, 2026, compared to annualized net recoveries of 0.01% for the quarter ended September 30, 2025.

During the quarter ended September 30, 2026, non-accrual loans increased $18,516,000 to $38,273,000 compared to $19,757,000 at June 30, 2026 and increased $31,318,000 year-to-date to $38,273,000 compared to $6,955,000 at December 31, 2025. The increase in non-accrual loans was due to two relationships that reached 90 days past due during the quarter. These loans are evaluated as collateral dependent loans as of September 30, 2026 and the Company believes the loans are adequately reserved for on an individual basis.

During the quarter ended September 30, 2026, the Company recorded a $588,000 provision for loan losses, compared to $793,000 for the same period in 2025. In addition to the provision for credit losses on loans for the quarter ended September 30, 2026, the Company recorded a credit to the provision for credit losses on held-to-maturity securities of $99,000 as compared to $62,000 in the prior year quarter. The Company recorded a provision for unfunded loan commitments totaling $89,000 for the quarter ended September 30, 2026 compared to a credit to the provision of unfunded loan commitments of $64,000 in the prior year quarter.







- more -

Community West Bancshares -- page 12
The following table shows the Company’s loan portfolio, net of deferred costs, allocated by management’s internal risk ratings:
Loan Risk Rating (In thousands)September 30, 2026% of TotalJune 30, 2026% of TotalSeptember 30, 2025% of Total
Pass$3,371,353 94.6 %$3,370,224 95.1 %$2,359,148 96.3 %
Special mention78,727 2.2 %63,299 1.8 %24,925 1.0 %
Substandard112,812 3.2 %110,260 3.1 %67,069 2.7 %
Doubtful— — — 
Total$3,562,892 100.0 %$3,543,783 100.0 %$2,451,142 100.0 %
At September 30, 2026, the allowance for credit losses for loans was $48,633,000, compared to $30,071,000 at December 31, 2025, a net increase of $18,562,000 reflecting a provision for loan losses of $5,969,000 and net charge-offs during the period. The primary driver of this increase was the acquisition of USB, which contributed $19.4 million in Day 1 allowance balances across all portfolio segments. As a result of the Company's early adoption of ASU 2025-08, a Day 1 allowance for credit losses was established for acquired loans at the Merger date. The allowance for credit losses as a percentage of total loans was 1.36% as of September 30, 2026 compared to 1.18% at December 31, 2025. The Company believes the allowance for credit losses is adequate to provide for expected credit losses within the loan portfolio at September 30, 2026.
Cash Dividend Declared
On October 21, 2026, the Board of Directors of the Company declared a regular quarterly cash dividend of $0.12 per share on the Company’s common stock. The dividend is payable on November 20, 2026 to shareholders of record as of November 6, 2026. The Company continues to be well capitalized and expects to maintain adequate capital levels.
About Community West Bank and Bancshares
Effective on April 1, 2026, Community West Bancshares completed its merger with United Security Bancshares, with Community West Bancshares continuing as the surviving entity. Shortly thereafter United Security Bank, a wholly-owned subsidiary of United Security Bancshares, merged with and into Community West Bank, a wholly-owned subsidiary of Community West Bancshares, with Community West Bank continuing as the surviving banking institution. Pursuant to the terms of the merger agreement, each share of United Security Bancshares common stock was converted into the right to receive 0.4520 shares of Community West Bancshares common stock, with cash to be paid in lieu of any fractional shares.

Community West Bancshares (NASDAQ: CWBC) and its wholly-owned subsidiary, Community West Bank, are headquartered in Fresno, California. The Company was established in 1979 with the vision to help businesses and communities by exceeding expectations at every opportunity, and opened its first Banking Center on January 10, 1980. Today, Community West Bank operates full-service Banking Centers throughout Central California and maintains a variety of departments supporting Commercial Lending, Agribusiness, SBA, Residential Construction and Mortgage, Manufactured Housing, Private Banking, and Treasury Management Services.

Members of the Company and Bank Board of Directors are: Daniel J. Doyle (Chairman), Jagroop “Jay” Gill (Vice Chairman), James J. Kim (CEO and President), Andriana D. Majarian (Lead Independent Director), Robert H. Bartlein, F.T. “Tommy” Elliott IV, Robert J. Flautt, James W. Lokey, Steven D. McDonald, Martin E. Plourd, Dorothea D. Silva, Kirk B. Stovesand, and Dora Westerlund. Louis C. McMurray and Daniel N. Cunningham are Directors Emeriti.

More information about Community West Bancshares and Community West Bank can be found at www.communitywestbank.com.

###
- more -

Community West Bancshares -- page 13

Forward-looking Statements - Certain matters set forth herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company’s current business plans and expectations regarding future operating results. Forward-looking statements may include, but are not limited to, the use of forward-looking language, such as “likely result in,” “expects,” “anticipates,” “estimates,” “forecasts,” “projects,” “intends to,” or may include other similar words or phrases, such as “believes,” “plans,” “trend,” “objective,” “continues,” “remains,” or similar expressions, or future or conditional verbs, such as “will,” “would,” “should,” “could,” “may,” “might,” “can,” or similar verbs. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those projected. These risks and uncertainties, some of which are beyond our control, include, but are not limited to: risks relating to our recently completed acquisition of United Security Bancshares; current and future business, economic and market conditions in the United States generally or in the communities we serve, including the effects of declines in property values and overall slowdowns in economic growth should these events occur; inflationary pressures and changes in the interest rate environment that reduce our margins and yields, the fair value of financial instruments or our level of loan originations, or increase the level of defaults, losses and prepayments on loans we have made and make, whether held in the portfolio or in the secondary market; effects of and changes in trade, monetary and fiscal policies and laws, including the interest rate policies of the Federal Open Market Committee of the Federal Reserve Board; geopolitical and domestic political developments including the imposition of tariffs and the ongoing war in Iran, that can increase levels of political and economic unpredictability, contribute to rising energy and commodity prices, and increase the volatility of financial markets; changes in the level of nonperforming assets and charge offs and other credit quality measures, and their impact on the adequacy of our allowance for credit losses and our provision for credit losses; factors that can impact the performance of our loan portfolio, including real estate values and liquidity in our primary market areas, the financial health of our commercial borrowers, and the success of construction projects that we finance; our ability to achieve loan growth and attract deposits in our market area, the impact of the cost of deposits and our ability to retain deposits; liquidity issues, including fluctuations in the fair value and liquidity of the securities we hold for sale and our ability to raise additional capital, if necessary; continued or increasing competition from other financial institutions, credit unions, and non-bank financial services companies; challenges arising from attempts to expand into new geographic markets, products, or services; restraints on the ability of Community West Bank to pay dividends to us, which could limit our liquidity; inaccuracies in our assumptions about future events, which could result in material differences between our financial projections and actual financial performance; changes in our management personnel or our inability to retain, motivate and hire qualified management personnel; disruptions, security breaches, or other adverse events, failures or interruptions in, or attacks on, our information technology systems; disruptions, security breaches, or other adverse events affecting the third-party vendors who perform critical processing functions; an inability to keep pace with the rate of technological advances due to a lack of resources to invest in new technologies; natural disasters, such as earthquakes, wildfires, drought, pandemic diseases (such as the coronavirus) or extreme weather events, any of which may affect services we use or affect our customers, employees or third parties with which we conduct business; compliance with governmental and regulatory requirements, relating to banking, consumer protection, securities and tax matters; and our ability to the manage the foregoing.

The foregoing factors should not be construed as exhaustive and should be read together with the other cautionary statements included in this report. Because of these risks and other uncertainties, our actual future results, performance or achievement, or industry results, may be materially different from the results indicated by the forward-looking statements in this report. In addition, our past results of operations are not necessarily indicative of our future results. You should not rely on any forward-looking statements, which represent our beliefs, assumptions and estimates only as of the dates on which they were made, as predictions of future events. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.




- more -

Community West Bancshares -- page 14
COMMUNITY WEST BANCSHARES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
September 30,
June 30,
September 30,
(In thousands, except share amounts)2026
2026
2025
ASSETS
Cash and due from banks$52,680 $73,334 $39,823 
Interest-earning deposits in other banks125,581 133,503 81,735 
Total cash and cash equivalents178,261 206,837 121,558 
Available-for-sale debt securities, at fair value, net of allowance for credit losses of $0, with an amortized cost of $607,189 at September 30, 2026, $605,273 at June 30, 2026, and $515,813 at September 30, 2025
555,751 570,088 473,075 
Held-to-maturity debt securities, at amortized cost less allowance for credit losses of $254 at September 30, 2026, $353 at June 30, 2026, and $724 at September 30, 2025
268,752 276,061 287,082 
Equity securities, at fair value9,738 10,119 6,769 
Loans, less allowance for credit losses of $48,633 at September 30, 2026, $49,422 at June 30, 2026, and $29,590 at September 30, 2025
3,514,259 3,494,361 2,421,552 
Bank premises and equipment, net47,792 39,286 23,569 
Bank owned life insurance76,980 76,449 53,783 
Federal Home Loan Bank stock17,250 17,250 10,978 
Goodwill155,088 154,600 96,828 
Core deposit intangibles30,849 32,723 8,516 
Accrued interest receivable and other assets158,368 156,466 108,554 
Total assets$5,013,088 $5,034,240 $3,612,264 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Deposits:
Non-interest bearing$1,499,202 $1,451,008 $1,091,817 
Interest bearing2,721,280 2,668,454 1,984,114 
Total deposits4,220,482 4,119,462 3,075,931 
Borrowings41,000 175,000 20,000 
Senior debt and subordinated debentures74,912 75,291 69,998 
Accrued interest payable and other liabilities74,508 56,667 48,759 
Total liabilities4,410,902 4,426,420 3,214,688 
Shareholders’ equity:
Preferred stock, no par value; 10,000,000 shares authorized, none issued and outstanding— — — 
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 27,134,636 at September 30, 2026, 27,131,078 at June 30, 2026, and 19,138,677 at September 30, 2025
396,111 395,699 209,671 
Retained earnings252,430 247,619 230,119 
Accumulated other comprehensive loss, net of tax(46,355)(35,498)(42,214)
Total shareholders’ equity602,186 607,820 397,576 
Total liabilities and shareholders’ equity$5,013,088 $5,034,240 $3,612,264 

- more -

Community West Bancshares -- page 15
COMMUNITY WEST BANCSHARES
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)    
For the Three Months Ended For the Nine Months Ended
September 30,June 30,September 30,September 30,September 30,
(In thousands, except share and per-share amounts)2026
2026
2025
2026
2025
INTEREST INCOME:
Interest and fees on loans$60,163 $58,630 $40,384 $160,698 $118,346 
Interest on deposits in other banks1,363 1,099 1,149 3,312 3,259 
Interest and dividends on investment securities:
Taxable5,395 5,126 4,082 14,393 12,560 
Exempt from Federal income taxes1,259 1,264 1,273 3,789 3,887 
Total interest income68,180 66,119 46,888 182,192 138,052 
INTEREST EXPENSE:
Interest on deposits13,563 13,732 10,785 38,130 31,711 
Interest on borrowings335 539 251 1,086 3,205 
Interest on senior debt and subordinated debentures938 936 908 2,716 2,705 
Total interest expense14,836 15,207 11,944 41,932 37,621 
Net interest income before provision for credit losses53,344 50,912 34,944 140,260 100,431 
PROVISION FOR CREDIT LOSSES578 5,635 667 6,303 3,239 
Net interest income after provision for credit losses52,766 45,277 34,277 133,957 97,192 
NON-INTEREST INCOME:
Service charges673 1,038 519 2,229 1,526 
Net realized losses on sales and calls of investment securities(19)(5,899)(26)(5,918)(41)
Other income4,026 2,891 2,473 9,186 6,456 
Total non-interest income4,680 (1,970)2,966 5,497 7,941 
NON-INTEREST EXPENSES:
Salaries and employee benefits16,667 16,318 12,525 45,748 37,744 
Occupancy and equipment3,958 3,803 2,933 10,616 8,554 
Other expense25,543 19,022 6,709 51,934 21,636 
Total non-interest expenses46,168 39,143 22,167 108,298 67,934 
Income before provision for income taxes11,278 4,164 15,076 31,156 37,199 
PROVISION FOR INCOME TAXES3,212 1,469 4,203 8,906 10,201 
Net income$8,066 $2,695 $10,873 $22,250 $26,998 
Net income per common share:
Basic earnings per common share$0.30 $0.10 $0.57 $0.91 $1.42 
Weighted average common shares used in basic computation27,083,107 27,051,374 19,019,990 24,427,608 18,980,661 
Diluted earnings per common share$0.30 $0.10 $0.57 $0.91 $1.42 
Weighted average common shares used in diluted computation27,144,648 27,108,920 19,093,544 24,493,822 19,051,291 
Cash dividends per common share$0.12 $0.12 $0.12 $0.36 $0.36 
- more -

Community West Bancshares -- page 16
COMMUNITY WEST BANCSHARES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
Sept. 30,Jun. 30,Mar. 31,Dec. 31,Sept. 30,
For the three months ended
2026
202620262025
2025
(In thousands, except share and per share amounts)
Net interest income$53,344 $50,912 $36,003 $35,749 $34,944 
Provision for credit losses578 5,635 90 515 667 
Net interest income after provision for credit losses52,766 45,277 35,913 35,234 34,277 
Total non-interest income4,680 (1,970)2,788 2,547 2,966 
Total non-interest expense46,168 39,143 22,987 22,452 22,167 
Provision for income taxes3,212 1,469 4,225 4,159 4,203 
Net income$8,066 $2,695 $11,489 $11,170 $10,873 
Basic earnings per common share$0.30 $0.10 $0.60 $0.59 $0.57 
Weighted average common shares used in basic computation27,083,107 27,051,374 19,060,177 19,044,351 19,019,990 
Diluted earnings per common share$0.30 $0.10 $0.60 $0.58 $0.57 
Weighted average common shares used in diluted computation27,144,648 27,108,920 19,137,134 19,117,789 19,093,544 































- more -

Community West Bancshares -- page 17
COMMUNITY WEST BANCSHARES
SELECTED RATIOS
(Unaudited)
Sept. 30,Jun. 30,Mar. 31,Dec. 31,Sept. 30,
As of and for the three months ended20262026202620252025
(Dollars in thousands, except per share amounts)
Allowance for credit losses to total loans1.36 %1.39 %1.19 %1.18 %1.21 %
Non-performing assets to total assets0.93 %0.56 %0.62 %0.19 %0.20 %
Total non-performing assets$46,458 $27,942 $22,997 $6,955 $7,072 
Total nonaccrual loans$38,273 $19,757 $22,997 $6,955 $7,072 
Total substandard loans$112,812 $110,260 $76,802 $78,796 $67,069 
Total special mention loans$78,727 $63,299 $49,500 $54,155 $24,925 
Net loan charge-offs (recoveries) $1,377 $5,498 $(37)$118 $(75)
Net charge-offs (recoveries) to average loans (annualized)0.15 %0.63 %(0.01)%0.02 %(0.01)%
Book value per share$22.19 $22.40 $21.85 $21.37 $20.77 
Tangible book value per share (1)$15.34 $15.50 $16.39 $15.89 $15.27 
Total equity$602,186 $607,820 $419,203 $409,588 $397,576 
Tangible common equity (1)$416,249 $420,497 $314,360 $304,494 $292,232 
Cost of total deposits1.27 %1.31 %1.40 %1.39 %1.39 %
Interest and dividends on investment securities exempt from Federal income taxes$1,259 $1,264 $1,265 $1,275 $1,273 
Net interest margin (calculated on a fully tax equivalent basis) (2)4.65 %4.56 %4.30 %4.24 %4.20 %
Return on average assets (3)0.65 %0.22 %1.24 %1.23 %1.21 %
Return on average equity (3)5.27 %1.77 %10.99 %11.03 %11.25 %
Loan to deposit ratio84.42 %86.03 %81.15 %82.04 %79.66 %
Efficiency ratio79.57 %79.98 %59.26 %58.63 %58.47 %
Tier 1 leverage - Bancorp9.69 %9.79 %9.94 %9.80 %9.53 %
Tier 1 leverage - Bank10.82 %10.97 %11.43 %11.44 %11.24 %
Common equity tier 1 - Bancorp11.14 %11.41 %11.84 %11.56 %11.60 %
Common equity tier 1 - Bank12.58 %12.93 %13.81 %13.70 %13.90 %
Tier 1 risk-based capital - Bancorp11.26 %11.53 %12.01 %11.73 %11.78 %
Tier 1 risk-based capital - Bank12.58 %12.93 %13.81 %13.70 %13.90 %
Total risk-based capital - Bancorp13.28 %13.63 %14.24 %13.97 %14.07 %
Total risk based capital - Bank13.78 %14.18 %14.88 %14.77 %14.99 %
(1) Non-GAAP measure. See reconciliation of GAAP and Non-GAAP Financial Measures.
(2) Net Interest Margin is computed by dividing annualized quarterly net interest income by quarterly average interest-bearing assets.
(3) Computed by annualizing quarterly net income.
- more -

Community West Bancshares -- page 18
COMMUNITY WEST BANCSHARES
SCHEDULE OF AVERAGE BALANCES AND AVERAGE YIELDS AND RATES
(Unaudited)

For the Three Months Ended
September 30, 2026
For the Three Months Ended
June 30, 2026
For the Three Months Ended
September 30, 2025
(Dollars in thousands)Average
Balance		Interest
Income/
Expense		Average
Interest
Rate		Average
Balance		Interest
Income/
Expense		Average
Interest
Rate		Average
Balance		Interest
Income/
Expense		Average
Interest
Rate
ASSETS
Interest-earning deposits in other banks$142,723 $1,363 3.82 %$121,366 $1,099 3.62 %$104,344 $1,149 4.40 %
Securities
Taxable securities650,903 5,395 3.32 %669,406 5,126 3.06 %580,463 4,082 2.81 %
Non-taxable securities (1)235,587 1,593 2.70 %236,050 1,601 2.71 %238,353 1,611 2.70 %
Total investment securities886,490 6,988 3.15 %905,456 6,727 2.97 %818,816 5,693 2.78 %
Total securities and interest-earning deposits1,029,213 8,351 3.25 %1,026,822 7,826 3.05 %923,160 6,842 2.96 %
Loans (2) (3)3,547,861 60,163 6.73 %3,480,401 58,630 6.76 %2,410,272 40,384 6.65 %
Total interest-earning assets4,577,074 $68,514 5.94 %4,507,223 $66,456 5.91 %3,333,432 $47,226 5.62 %
Allowance for credit losses(49,172)(46,951)(28,758)
Non-accrual loans27,809 21,711 6,883 
Cash and due from banks65,675 46,239 35,484 
Bank premises and equipment40,222 30,551 23,963 
Other assets389,618 368,660 224,355 
Total average assets$5,051,226 $4,927,433 $3,595,359 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities:
Savings and NOW accounts$1,048,973 $1,687 0.64 %$1,057,005 $1,641 0.62 %$618,022 $1,220 0.78 %
Money market accounts1,212,551 7,482 2.45 %1,129,539 7,244 2.57 %861,403 4,953 2.28 %
Time certificates of deposit518,603 4,394 3.36 %569,449 4,847 3.41 %491,985 4,612 3.72 %
Total interest-bearing deposits2,780,127 13,563 1.94 %2,755,993 13,732 2.00 %1,971,410 10,785 2.17 %
Other borrowed funds109,991 1,273 4.63 %129,945 1,475 4.54 %92,325 1,159 4.91 %
Total interest-bearing liabilities2,890,118 $14,836 2.04 %2,885,938 $15,207 2.11 %2,063,735 $11,944 2.30 %
Non-interest bearing demand deposits1,485,004 1,428,442 1,098,889 
Other liabilities63,394 5,295 46,235 
Shareholders’ equity612,710 607,758 386,500 
Total average liabilities and shareholders’ equity$5,051,226 $4,927,433 $3,595,359 
Interest income and rate earned on average earning assets$68,514 5.94 %$66,456 5.91 %$47,226 5.62 %
Interest expense and interest cost related to average interest-bearing liabilities14,836 2.04 %15,207 2.11 %11,944 2.30 %
Net interest income and net interest margin (4)$53,678 4.65 %$51,249 4.56 %$35,282 4.20 %

(1)    Calculated on a fully tax equivalent basis, which includes Federal tax benefits relating to income earned on municipal bonds totaling $334, $336, and $338 at September 30, 2026, June 30, 2026, and September 30, 2025, respectively.
(2)    Loan interest income includes net loan (costs) fees of $344, $(280), and $(44) at September 30, 2026, June 30, 2026, and September 30, 2025, respectively. Loan interest income includes an accretion on loan marks of $4,498, $5,163, and $2,567 at September 30, 2026, June 30, 2026, and September 30, 2025, respectively.
(3)    Average loans do not include non-accrual loans but do include interest income recovered from previously charged off loans.
(4)    Net interest margin is computed by dividing net interest income by total average interest-earning assets.




Community West Bancshares -- page 19
For the Nine Months Ended
September 30, 2026
For the Nine Months Ended
September 30, 2025
(Dollars in thousands)Average
Balance		Interest
Income/
Expense		Average
Interest
Rate		Average
Balance		Interest
Income/
Expense		Average
Interest
Rate
ASSETS
Interest-earning deposits in other banks$118,460 $3,312 3.73 %$97,939 $3,259 4.44 %
Securities
Taxable securities628,997 14,393 3.05 %591,147 12,560 2.83 %
Non-taxable securities (1)236,094 4,796 2.71 %239,179 4,921 2.74 %
Total investment securities865,091 19,189 2.96 %830,326 17,481 2.81 %
Total securities and interest-earning deposits983,551 22,501 3.05 %928,265 20,740 2.98 %
Loans (2) (3)3,190,138 160,698 6.73 %2,367,824 118,346 6.68 %
Total interest-earning assets4,173,689 $183,199 5.87 %3,296,089 $139,086 5.64 %
Allowance for credit losses(42,142)(26,933)
Non-accrual loans20,787 6,306 
Cash and due from banks48,651 35,669 
Bank premises and equipment31,606 24,075 
Other assets330,588 224,046 
Total average assets$4,563,179 $3,559,252 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Interest-bearing liabilities:
Savings and NOW accounts$934,790 $4,496 0.64 %$602,208 $3,113 0.69 %
Money market accounts1,071,669 19,809 2.47 %870,260 15,123 2.32 %
Time certificates of deposit541,115 13,825 3.42 %468,520 13,475 3.85 %
Total interest-bearing deposits2,547,574 38,130 2.00 %1,940,988 31,711 2.18 %
Other borrowed funds110,486 3,802 4.59 %154,957 5,910 5.09 %
Total interest-bearing liabilities2,658,060 $41,932 2.11 %2,095,945 $37,621 2.40 %
Non-interest bearing demand deposits1,325,598 1,039,444 
Other liabilities32,594 45,826 
Shareholders’ equity546,927 378,037 
Total average liabilities and shareholders’ equity$4,563,179 $3,559,252 
Interest income and rate earned on average earning assets$183,199 5.87 %$139,086 5.64 %
Interest expense and interest cost related to average interest-bearing liabilities41,932 2.11 %37,621 2.40 %
Net interest income and net interest margin (4)$141,267 4.53 %$101,465 4.12 %
(1)    Calculated on a fully tax equivalent basis, which includes Federal tax benefits relating to income earned on municipal bonds totaling $1,007 and $1,034 at September 30, 2026 and September 30, 2025, respectively.
(2)    Loan interest income includes net loan fees (costs) of $654 and $272 at September 30, 2026 and September 30, 2025, respectively. Loan interest income includes an accretion on loan marks of $11,914 and $8,866 at September 30, 2026 and September 30, 2025, respectively.
(3)    Average loans do not include non-accrual loans but do include interest income recovered from previously charged off loans.
(4)    Net interest margin is computed by dividing net interest income by total average interest-earning assets.




CONTACTS:      Investor Contact:                 Media Contact:
Shannon Livingston                    Debbie Nalchajian-Cohen
Executive Vice President, Chief Financial Officer        Public Relations
Community West Bancshares                559-222-1322
916-235-4617                        

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Press Releases

Other Documents

Keep reading

More on CWBC

All CWBC news

Trending in the feed

LUCD
Lucid Diagnostics Begins Receiving Medicare Reimbursement for EsoGuard® and Closes $15 Million Financing Open the live feed