Community West Bancshares
For the period ended Apr 21, 2025. Filed Apr 21, 2025.
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Apr 21, 2025 · Filed Apr 21, 2025
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Contents
EX-99.1 · SCHEDULE OF AVERAGE BALANCES AND AVERAGE YIELDS AND RATES
SCHEDULE OF AVERAGE BALANCES AND AVERAGE YIELDS AND RATES
| For the Three Months EndedMarch 31, 2025 · For the Three Months EndedDecember 31, 2024 · For the Three Months EndedMarch 31, 2024 | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Dollars in thousands) · AverageBalance · InterestIncome/Expense · AverageInterestRate · AverageBalance · InterestIncome/Expense · AverageInterestRate · AverageBalance · InterestIncome/Expense · AverageInterestRate | ||||||||||||||
| ASSETS | ||||||||||||||
| Interest-earning deposits in other banks | $93,217 | $1,054 | 4.52% | $106,464 | $1,311 | 4.93% | $34,200 | $432 | 5.05% | |||||
| Securities | ||||||||||||||
| Taxable securities | 602,427 | 4,352 | 2.89% | 611,747 | 4,602 | 3.01% | 714,160 | 5,500 | 3.08% | |||||
| Non-taxable securities (1) | 240,007 | 1,655 | 2.76% | 240,850 | 1,669 | 2.77% | 254,108 | 1,768 | 2.78% | |||||
| Total investment securities | 842,434 | 6,007 | 2.85% | 852,597 | 6,271 | 2.94% | 968,268 | 7,268 | 3.00% | |||||
| Total securities and interest-earning deposits | 935,651 | 7,061 | 3.02% | 959,061 | 7,582 | 3.16% | 1,002,468 | 7,700 | 3.07% | |||||
| Loans (2) (3) | 2,327,832 | 38,425 | 6.69% | 2,302,768 | 38,247 | 6.61% | 1,283,068 | 18,299 | 5.74% | |||||
| Total interest-earning assets | 3,263,483 | $45,486 | 5.65% | 3,261,829 | $45,829 | 5.59% | 2,285,536 | $25,999 | 4.58% | |||||
| Allowance for credit losses | (25,858) | (24,907) | (14,348) | |||||||||||
| Non-accrual loans | 6,165 | 5,412 | — | |||||||||||
| Cash and due from banks | 35,918 | 35,177 | 26,772 | |||||||||||
| Bank premises and equipment | 24,326 | 24,236 | 14,177 | |||||||||||
| Other assets | 224,303 | 222,368 | 108,673 | |||||||||||
| Total average assets | $3,528,337 | $3,524,115 | $2,420,810 | |||||||||||
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||||
| Interest-bearing liabilities: | ||||||||||||||
| Savings and NOW accounts | $586,698 | $859 | 0.59% | $545,763 | $749 | 0.55% | $421,412 | $255 | 0.24% | |||||
| Money market accounts | 872,896 | 5,101 | 2.37% | 856,266 | 5,215 | 2.42% | 514,909 | 2,843 | 2.22% | |||||
| Time certificates of deposit | 449,962 | 4,429 | 3.99% | 456,381 | 4,924 | 4.29% | 187,775 | 1,920 | 4.11% | |||||
| Total interest-bearing deposits | 1,909,556 | 10,389 | 2.21% | 1,858,410 | 10,888 | 2.33% | 1,124,096 | 5,018 | 1.80% | |||||
| Other borrowed funds | 206,162 | 2,568 | 4.98% | 208,238 | 2,567 | 4.93% | 122,419 | 1,536 | 5.02% | |||||
| Total interest-bearing liabilities | 2,115,718 | $12,957 | 2.48% | 2,066,648 | $13,455 | 2.59% | 1,246,515 | $6,554 | 2.11% | |||||
| Non-interest bearing demand deposits | 996,921 | 1,046,458 | 931,045 | |||||||||||
| Other liabilities | 45,795 | 45,801 | 35,583 | |||||||||||
| Shareholders’ equity | 369,903 | 365,208 | 207,667 | |||||||||||
| Total average liabilities and shareholders’ equity | $3,528,337 | $3,524,115 | $2,420,810 | |||||||||||
| Interest income and rate earned on average earning assets | $45,486 | 5.65% | $45,829 | 5.59% | $25,999 | 4.58% | ||||||||
| Interest expense and interest cost related to average interest-bearing liabilities | 12,957 | 2.48% | 13,455 | 2.59% | 6,554 | 2.11% | ||||||||
| Net interest income and net interest margin (4) | $32,529 | 4.04% | $32,374 | 3.95% | $19,445 | 3.42% | ||||||||
(1) Calculated on a fully tax equivalent basis, which includes Federal tax benefits relating to income earned on municipal bonds totaling $348, $351, and $371 at March 31, 2025, December 31, 2024, and March 31, 2024, respectively.
(2) Loan interest income includes loan (costs) fees of $99, $(117), and $139 at March 31, 2025, December 31, 2024, and March 31, 2024, 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.
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