Community West Bancshares · NASDAQ:CWBC
Community West Bancshares — Keefe, Bruyette & Woods Virtual West Coast Bank Field Trip (November 2024)
24 slides from Community West Bancshares's conference presentation, Nov 21, 2024
Slide 1: Investor Presentation – KBW Virtual West Coast Bank Field Trip
Investor Presentation Keefe, Bruyette & Woods Virtual West Coast Bank Field Trip James J. Kim Community West Bancshares, Chief Executive Officer Community West Bank, President & Chief Executive Officer Shannon R. Livingston Community West Bancshares and Bank Executive Vice President, Chief Financial
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: Mission and Values
Mission Inspire and empower our team to enrich and invest in every relationship by exceeding expectations. Values Teamwork Accountability Excellence Integrity Caring Inclusivity
Slide 4: Investing In Relationships
Slide 5: Executive Officers
Executive Officers din din hd a James J. Kim Martin E. Plourd Shannon R. Livingston _ Patrick A. Luis Dawn M. Cagle Chief Executive Officer, President, Evp, Chief Financial Officer, EVP, Chief Credit Officer, EVP, Chief Human Resource Officer, Community West Bancshares and Community West Bancshares
Slide 6: Company Overview & Financial Highlights
Company Overview & Financial Highlights
Slide 7: Overview
7 NASDAQ Symbol CWBC Market Capitalization $364.9 Million Institutional Ownership 51% Insider Ownership 12% Total Assets $3.5 Billion Headquarters Fresno, CA # of Banking Centers 26 Year Established 1980 Strategic Footprint Central California As of Sept 30, 2024 Overview
Slide 8: Financial Highlights – Third Quarter 2024
8 Financial Highlights – Second Quarter 2024Financial Highlights – Third Quarter 2024
Slide 9: Financial Highlights
9 2024 Q3 YTD 2023 2022 Total Assets $3.5 Billion $2.43 Billion $2.42 Billion Net Income $771,000 $25.54 Million $26.65 Million Diluted EPS $0.05 $2.17 $2.27 Net Interest Margin 3.69% 3.58% 3.52% ROAA 0.03% 1.04% 1.09% ROAE 0.34% 13.81% 14.25% Cash Dividends per share $0.36 $0.48 $0.48 Total Loan Yi
Slide 10: Stock & Earnings Overview
Stock & Earnings Overview
Slide 11: CWBC Stock Price – Attractive Investment Opportunity
0 5 10 15 20 25 30 1/1/2016 1/1/2017 1/1/2018 1/1/2019 1/1/2020 1/1/2021 1/1/2022 1/1/2023 1/1/2024 Pr ic e CWBC Stock Price CAGR = 7.94% 11 As of September 30, 2024 Source: NASDAQ Monthly Closing Price Data Attractive Investment Opportunity Dividend Yield – 2.49%
Slide 12: Growing Franchise
12 Growing Franchise CAGR = 15.17% 1,574,089 1,832,987 2,267,615 2,439,394 2,460,358 3,078,299 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 2019 2020 2021 2022 2023 2024 Q3 YTD Th ou sa nd s Average Total Assets
Slide 13: Strong Net Interest Income and NIM
13 Strong Net Interest Income and NIM 64,116 64,946 74,044 81,341 83,918 120,856 4.51 3.87 3.54 3.52 3.58 3.69 0.00 1.00 2.00 3.00 4.00 5.00 6.00 25,000 35,000 45,000 55,000 65,000 75,000 85,000 95,000 105,000 115,000 125,000 2019 2020 2021 2022 2023 3Q 2024 Annualized Pe rc en t Th ou sa nd s Net I
Slide 14: Investment Portfolio
15 Investment Portfolio 470,746 710,092 1,109,208 648,825 597,196 503,964 305,107 302,442 301,920 3.11% 2.61% 2.31% 2.51% 3.00% 2.99% 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 2019 2020 2021 2022 2023 2024 Q3 YTD Th ou sa nd s AFS Securitie
Slide 15: Deposits Overview
Slide 16: Average Deposits and Average Cost of Deposits
17 Average Deposits and Average Cost of Deposits CAGR = 15.53% 1,295,780 1,568,194 1,974,576 2,156,092 2,155,241 2,572,342 0.15 0.09 0.05 0.06 0.72 1.55 - 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 1.80 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 2019 2020 2021 2022 2023 2024 Q3 YTD Pe
Slide 17: Deposit Mix
18 Deposit Mix Non-Interest Bearing 37% Now/Savings 18% Money Market 30% TCDs 15% As of September 30, 2024 Total Deposits = $2.9 Billion
Slide 18: Lending Overview
Lending Overview
Slide 19: Well Diversified Loan Portfolio
20 Well Diversified Loan Portfolio Commercial & Industrial, 6% Agriculture Production & Land, 7% Owner Occupied Real Estate, 13% Construction & other land loans, 4% Non-Owner Occupied Commerical Real Estate, 39% Multi-family residential, 6% 1-4 family, 7% Manufactured housing, 14% Other consumer, 4%
Slide 20: Average Loan Totals & Yield
21 Average Loan Totals & Yield CAGR = 15.89% 928,560 1,053,450 1,067,316 1,133,461 1,263,226 1,870,888 5.54 4.94 5.07 4.93 5.53 6.57 0 1 2 3 4 5 6 7 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 1,800,000 2,000,000 2019 2020 2021 2022 2023 2024 Q3 YTD Pe rc en t Th ou sa
Slide 21: Non-Performing Assets & Allowance for Loan Losses
22 Non-Performing Assets & Allowance for Loan Losses 1,693 3,278 946 0 0 3,250 0.97 1.17 0.92 0.86 1.14 1.08 0.30 0.40 0.50 0.60 0.70 0.80 0.90 1.00 1.10 1.20 1.30 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 2019 2020 2021 2022 2023 2024 Q3 YTD Pe rc en t Th ou sa nd s Non Performing Assets AL
Slide 22: Special Mention Loans
23 Special Mention Loans 28,183 36,406 40,845 31,024 9,000 28,799 2.99 3.30 3.93 2.47 0.70 1.25 - 1.00 2.00 3.00 4.00 5.00 6.00 - 10,000 20,000 30,000 40,000 50,000 2019 2020 2021 2022 2023 2024 Q3 YTD Pe rc en t Th ou sa nd s Special Mention Loans SM Loans/Gross Loans
Slide 23: Substandard Loans
24 Substandard Loans 33,838 36,136 8,540 27,783 20,301 39,637 3.59 3.28 0.82 2.21 1.57 1.73 - 1.00 2.00 3.00 4.00 5.00 6.00 - 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 50,000 2019 2020 2021 2022 2023 2024 Q3 YTD Pe rc en t Th ou sa nd s Substandard Loans Sub Loans/Gross Loans
Slide 24: Bancshares
Bancshares