Community West Bancshares · NASDAQ:CWBC
Community West Bancshares — Central Valley Community Bancorp — Janney CEO Forum 2024
21 slides from Community West Bancshares's conference presentation, Jan 30, 2024
Slide 1: Investor Presentation Janney CEO Forum
Investor Presentation Janney CEO Forum James J. Kim Shannon R. Livingston Teresa Gilio January 31 -February 1, 2024 President & CEO Executive Vice President, Chief Financial Officer Executive Vice President, Chief Administrative Officer
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are forward-looking in nature and involve a number of risks and uncertainties. Such risks an
Slide 3: Additional Information about the Proposed Merger and Where to Find It
Additional Information about the Proposed Merger and Where to Find It 3 Investors and security holders are urged to carefully review and consider each of Central Valley Community Bancorp “Central Valley” and Community West Bancshares “Community West” public filings with the Securities Exchange Commi
Slide 4: Proposed Merger Update
Proposed Merger Update 4 All customary regulatory approvals have been received Special shareholder meetings set for February 8, 2024 Targeting early second quarter for legal close Conversion and integration project are ongoing Targeting third quarter for systems integration
Slide 5: Mission and Values
Mission Inspire and empower our team to enrich and invest in every relationship by exceeding expectations. Values Teamwork Accountability Excellence Caring Integrity Inclusive
Slide 6: Experienced Executive Team
6 Executive Position Years at CVCY Years of Experience James J. Kim President & CEO 6 23 Shannon R. Livingston EVP, Chief Financial Officer 1 19 Patrick A. Luis EVP, Chief Credit Officer 3 38 Blaine C. Lauhon EVP, Chief Banking Officer 6 38 A. Kenneth Ramos EVP, Market Executive – South 4 36 Jeff M.
Slide 7: Overview
7 NASDAQ Symbol CVCY Market Capitalization $264 Million Institutional Ownership 52% Insider Ownership 16% Total Assets $2.4 Billion Headquarters Fresno, CA # of Banking Centers 20 Year Established 1980 Strategic Footprint Sacramento to Bakersfield As of December 31, 2023 Overview
Slide 8: Financial Highlights
8 2023 2022 2021 Total Assets $2.43 Billion $2.42 Billion $2.45 Billion Net Income $25.54 Million $26.65 Million $28.40 Million Diluted EPS $2.17 $2.27 $2.32 Net Interest Margin 3.58% 3.52% 3.54% ROAA 1.04% 1.09% 1.25% ROAE 13.81% 14.25% 11.50% Cash Dividends per share $0.48 $0.48 $0.47 Total Cost o
Slide 9: Attractive Investment Opportunity
CAGR = 3.17% 9 As of December 31, 2023 Source: NASDAQ Monthly Closing Price Data Attractive Investment Opportunity Dividend Payout Ratio – 22.12% Dividend Yield – 2.86% 5 10 15 20 25 30 12/1/2018 12/1/2019 12/1/2020 12/1/2021 12/1/2022 12/1/2023 Pr ic e CVCY Stock Price
Slide 10: Growing Franchise
10 Growing Franchise CAGR = 9.30% 1,577,410 1,574,089 1,832,987 2,267,615 2,439,394 2,460,358 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 2018 2019 2020 2021 2022 2023 Th ou sa nd s Average Total Assets
Slide 11: Strong Net Income & NIM
11 Strong Net Income & NIM 21,289 21,443 20,347 28,401 26,645 25,536 4.44 4.51 3.87 3.54 3.52 3.58 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 5.00 0 5,000 10,000 15,000 20,000 25,000 30,000 2018 2019 2020 2021 2022 2023 Pe rc en t Th ou sa nd s Net Income Net Interest Margin
Slide 12: Solid Earnings
12 Solid Earnings 1.35 1.36 1.11 1.25 1.09 1.04 10.07 9.39 8.85 11.50 14.25 13.81 - 2.00 4.00 6.00 8.00 10.00 12.00 14.00 16.00 - 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 2018 2019 2020 2021 2022 2023 R O A E Pe rc en t R O A A P er ce nt ROAA / ROAE ROAA ROAE
Slide 13: Stable Deposit Base & Low Cost of Funds
13 Stable Deposit Base & Low Cost of Funds CAGR = 10.07% 1,333,754 1,295,780 1,568,194 1,974,576 2,156,092 2,155,240 0.09 0.15 0.09 0.05 0.06 0.72 0.00 0.10 0.20 0.30 0.40 0.50 0.60 0.70 0.80 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 2018 2019 2020 2021 2022 2023 Pe rc en t Th ou sa nd s Ave
Slide 14: Attractive Deposit Mix
14 Attractive Deposit Mix Total Deposits = $2 Billion As of December 31, 2023 Non-Interest Bearing 47% Now/Savings 21% Money Market 24% TCDs 8%
Slide 15: Loan Totals & Yield
15 Loan Totals & Yield CAGR = 6.82% 908,419 928,560 1,053,450 1,067,316 1,133,641 1,263,226 5.50 5.54 4.94 5.07 4.93 5.53 4.60 4.70 4.80 4.90 5.00 5.10 5.20 5.30 5.40 5.50 5.60 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 2018 2019 2020 2021 2022 2023 Pe rc en t Th ou sa nd s Aver
Slide 16: Well Diversified Loan Portfolio
16 Well Diversified Loan Portfolio Commercial & Industrial, 8% Agriculture Production & Land, 12% Owner Occupied Real Estate, 17% Real Estate Construction & Land, 3% Commercial Real Estate, 42% Multi-Family Residential, 5% 1-4 Family, 10% Consumer, 4% As of December 31, 2023 Excludes Deferred Loan F
Slide 17: Non Performing Assets
17 Non Performing Assets 2,740 1,693 3,278 946 0 0 0.99 0.97 1.17 0.92 0.86 1.14 - 0.20 0.40 0.60 0.80 1.00 1.20 1.40 0 500 1,000 1,500 2,000 2,500 3,000 3,500 2018 2019 2020 2021 2022 2023 Pe rc en t Th ou sa nd s Non Performing Assets ALLL/Loans
Slide 18: Special Mention Loans
18 Special Mention Loans 26,254 28,183 36,406 40,845 31,024 9,000 2.86 2.99 3.30 3.93 2.47 0.70 - 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 4.50 - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 2018 2019 2020 2021 2022 2023 Pe rc en t Th ou sa nd s Special Mention Loans SM Loans/Gross L
Slide 19: Substandard Loans
19 Substandard Loans 28,394 33,838 36,136 8,540 27,783 18,088 3.09 3.59 3.28 0.82 2.21 1.40 - 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 2018 2019 2020 2021 2022 2023 Pe rc en t Th ou sa nd s Substandard Loans Sub Loans/Gross Loans
Slide 20: Investment Portfolio
20 Investment Portfolio 463,905 470,746 710,092 1,109,208 648,825 597,195 305,107 303,494 2.93% 3.11% 2.61% 2.31% 2.51% 3.00% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 2018 2019 2020 2021 2022 2023 Th ou sa nd s AFS Securities HTM Securitie
Slide 21: Investing In Relationships
Central Valle Commun Bancorp <r Investing In Relationships. www.cvcb.com
Central Valley Community Bancorp — Janney CEO Forum 2024 on 6ix