Community West Bancshares
For the period ended Mar 31, 2026. Filed May 8, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 8, 2026
CWBC$26.22-0.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| For the Three Months EndedMarch 31, | ||
|---|---|---|
| (In thousands) | 2026 | 2025 |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $11,489 | $8,293 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Net (increase) decrease in deferred loan costs | (313) | 25 |
| Depreciation | 833 | 805 |
| Accretion of discounts on investments | (625) | (444) |
| Amortization of premiums on investments | 2,119 | 2,035 |
| Amortization of debt issuance costs | 36 | 36 |
| Accretion of premiums and discounts on acquired loans, net | (2,274) | (3,370) |
| Amortization of core deposit intangibles | 251 | 251 |
| Amortization of fair value marks on liabilities assumed | 155 | 1,287 |
| Stock-based compensation | 278 | 291 |
| Provision (credit) for credit losses | 90 | (41) |
| Net loss on disposal of premises and equipment | 44 | 36 |
| Net gain on sale of foreclosed assets | (25) | — |
| Net change in equity securities | 42 | (98) |
| Increase in bank-owned life insurance, net of expenses | (377) | (366) |
| Net decrease (increase) in accrued interest receivable and other assets | 2,793 | (722) |
| Net (decrease) increase in accrued interest payable and other liabilities | (4,590) | 1,875 |
| Net change for deferred income taxes | 996 | 1,174 |
| Net cash provided by operating activities | 10,922 | 11,067 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of available-for-sale investment securities | (4,016) | — |
| Proceeds from calls of held-to-maturity investment securities | 6,000 | — |
| Proceeds from maturity and principal repayments of available-for-sale investment securities | 3,423 | 9,659 |
| Proceeds from maturity and principal repayments of held-to-maturity investment securities | 412 | 555 |
| Net increase in loans | (7,576) | (9,210) |
| Proceeds from sale of foreclosed assets | 59 | — |
| Purchases of premises and equipment | (2,719) | (317) |
| Proceeds from sale of premises and equipment | — | 117 |
| Net cash (used in) provided by investing activities | (4,417) | 804 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Net increase in demand, interest bearing and savings deposits | 6,733 | 7,725 |
| Net increase in time deposits | 39,431 | 9,825 |
| Proceeds from borrowings from Federal Home Loan Bank | 1,215,000 | 178,000 |
| Repayments of borrowings to Federal Home Loan Bank | (1,254,000) | (178,000) |
| Repayments of senior debt | (386) | — |
| Repurchase and retirement of common stock | (57) | (80) |
| Proceeds from stock issued under employee stock purchase plan | 113 | 123 |
| Proceeds from exercise of stock options | 302 | 808 |
| Cash dividend payments on common stock | (2,299) | (2,278) |
| Net cash provided by financing activities | 4,837 | 16,123 |
| Increase in cash and cash equivalents | 11,342 | 27,994 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 118,984 | 120,398 |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | $130,326 | $148,392 |
| For the Three Months EndedMarch 31, | ||
|---|---|---|
| (In thousands) | 2026 | 2025 |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION: | ||
| Cash paid during the period for: | ||
| Interest | $11,355 | $13,100 |
| Income taxes, net of refunds | (377) | — |
| Operating cash flows from operating leases | 974 | 820 |
| Non-cash investing and financing activities: | ||
| Unrealized (loss) gain on securities available for sale | $(1,061) | $2,755 |
| Right-of-use assets obtained in exchange for lease liabilities | $669 | $1,083 |
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