Community West Bancshares · NASDAQ:CWBC
Community West Bancshares — Central Valley Community Bancorp — FIG Partners West Coast CEO Conference 2016
20 slides from Community West Bancshares's conference presentation, Feb 5, 2016
Slide 1: Investor Presentation - FIG Partners West Coast CEO Conference
Investor Presentation FIG Partners West Coast CEO Conference February 3 & 4, 2016 Jim Ford President & CEO Dave Kinross EVP Chief Financial Officer
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 Forward-looking Statements -- Certain matters discussed constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained herein that are not historical facts, such as statements regarding the Compa
Slide 3: Overview
Overview 3 NASDAQ Symbol CVCY Market Capitalization $132.3 Million Institutional Ownership 32% Insider Ownership 22% Total Assets $1.3 Billion Headquarters Fresno, CA Number of Branches 21 Year Established 1980 Strategic Footprint Bakersfield to Sacramento 21 Branches in 7 Contiguous Counties As of
Slide 4: Experienced Management Team
Experienced Management Team 4 Executive Position Years at CVCY Years of Experience James M. Ford President & CEO 2 36 David A. Kinross EVP, Chief Financial Officer 10 26 Gary D. Quisenberry EVP Commercial & Business Banking 16 31 Lydia E. Shaw EVP Community Banking 9 31 Patrick J. Carman EVP, Chief
Slide 5: Financial Highlights
Financial Highlights 5 FYE 2015 FYE 2014 Total Average Assets $1.22 Billion $1.16 Billion Net Income $10.96 Million $5.29 Million Diluted EPS $1.00 $0.48 Net Interest Margin 4.01% 4.11% ROA 0.90% 0.46% ROE 8.12% 4.06% Cash Dividends per share $0.18 $0.20 Total Cost of Funds 0.09% 0.11% NPAs to Total
Slide 6: Investment Considerations
Investment Considerations 6 • Premier community bank serving the San Joaquin Valley for 36 years • Experienced management team • Stable and experienced Board of Directors • Stable low-cost core customer funding base • Attractive investment opportunity – Price/TBV = 111% * • Successful acquisition an
Slide 7: Attractive Investment Opportunity
Attractive Investment Opportunity 7 As of December 31, 2015 Source: NASDAQ Closing Price Data 0 2 4 6 8 10 12 14 1/1/2010 1/1/2011 1/1/2012 1/1/2013 1/1/2014 1/1/2015 P ri ce CVCY Stock Price
Slide 8: Growing Franchise
Growing Franchise 8 Note: Acquisition of Visalia Community Bank occurred on July 1, 2013 758,852 800,178 853,078 986,924 1,157,483 1,222,526 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 2010 2011 2012 2013 2014 2015 Th o u sa n d s Average Total Assets
Slide 9: Net Income and NIM
Net Income and NIM 9 3,279 6,477 7,520 8,250 5,294 10,964 4.95 4.63 4.21 4.09 4.11 4.01 0.00 1.00 2.00 3.00 4.00 5.00 6.00 0 2,000 4,000 6,000 8,000 10,000 12,000 2010 2011 2012 2013 2014 2015 Pe rc e n t Th o u sa n d s Net Income Net Interest Margin
Slide 10: Earnings
Earnings 10 0.43 0.81 0.88 0.84 0.46 0.90 3.41 6.26 6.56 6.89 4.06 8.12 - 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 - 0.10 0.20 0.30 0.40 0.50 0.60 0.70 0.80 0.90 1.00 2010 2011 2012 2013 2014 2015 R OA E Pe rc e n t R OA A Pe rc e n t ROAA / ROAE ROAA ROAE
Slide 11: Steady Deposit Growth and Lowest Cost of Funds
Steady Deposit Growth and Lowest Cost of Funds 11 636,166 677,789 719,601 848,493 1,006,560 1,065,798 0.58 0.39 0.23 0.15 0.11 0.09 0.00 0.10 0.20 0.30 0.40 0.50 0.60 0.70 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 2010 2011 2012 2013 2014 2015 Pe rc e n t Th o u sa n d s Average Total De
Slide 12: Attractive Deposit Mix
Attractive Deposit Mix 12 Non-Interest Bearing 38% Now/Savings 28% Money Market 21% TCDs 13% As of December 31, 2015 Total Deposits = $1.12 Billion
Slide 13: Loan Totals and Yield
Loan Totals and Yield 13 437,959 412,969 394,575 445,300 533,531 578,899 6.25 6.32 6.06 5.96 5.53 5.27 4.60 4.80 5.00 5.20 5.40 5.60 5.80 6.00 6.20 6.40 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 2010 2011 2012 2013 2014 2015 Pe rc e n t Th o u sa n d s Average Total Loans Total Loans
Slide 14: Loan Originations
Loan Originations 14 33 50 17 21 29 29 21 27 24 24 18 43 25 35 42 54 48 50 31 71 47 57 47 59 115 68 54 78 112 109 71 67 122 140 69 58 82 84 88 101 88 142 70 93 119 158 103 123 - 50 100 150 200 250 2010 Q1 2010 Q2 2010 Q3 2010 Q4 2011 Q1 2011 Q2 2011 Q3 2011 Q4 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1
Slide 15: Balanced Loan Portfolio
Balanced Loan Portfolio 15 Commercial & Industrial, 17% Agriculture Production & Land, 18% Owner Occupied Real Estate, 28% R/E Construction & Land, 6% Commercial Real Estate, 20% Other Real Estate, 2% Equity Loans and Lines, 7% Consumer & Installment, 2% As of December 31, 2015 Excludes Deferred Loa
Slide 16: Agricultural Loan Commitments
Agricultural Loan Commitments 16 Almonds 30% Walnuts 15% Wine Grapes 10% Other 9% Table Grapes 8% Tomatoes 6% Cherries 4% Raisins 4% Tree Fruit 4% Cotton 3% Pistachios 2% Olives 1% Alfalfa 1% Citrus 1% Wheat 1% Onions 0% Corn 0% Cattle/Poultry 0% As of December 31, 2015
Slide 17: Asset Quality
Asset Quality 17 19,984 14,434 9,695 7,776 14,052 2,413 2.55 2.67 2.56 1.80 1.45 1.61 - 0.50 1.00 1.50 2.00 2.50 3.00 0 5,000 10,000 15,000 20,000 25,000 2010 2011 2012 2013 2014 2015 Pe rc e n t Th o u sa n d s Non Performing Assets ALLL/Loans
Slide 18: Conservative Investment Portfolio
Conservative Investment Portfolio 18 US Government Agencies 10% Municipal Securities 37% Agency CMO, MBS & Other Securities 45% Equity Mutual Funds 2% HTM Municipal Securities 6% As of December 31, 2015 Total = $509 Million Yield = 3.10% Duration 4.35 Years
Slide 19: On the Horizon
On the Horizon 19 Organic Loan Growth Explore Merger Opportunities Improve Efficiencies Fee Income Improvements Relationship Pricing & Customer Profitability Closely Monitor Water Resources
Slide 20: Investing in Relationships
20 Investing in Relationships
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