Community West Bancshares · NASDAQ:CWBC
Community West Bancshares — Central Valley Community Bancorp — KBW 2022 Virtual West Coast Bank Field Trip
18 slides from Community West Bancshares's conference presentation, Nov 17, 2022
Slide 1: Investor Presentation KBW 2022 Virtual West Coast Bank Field Trip
Investor Presentation KBW 2022 Virtual West Coast Bank Field Trip November 17, 2022 James Kim Pres. & CEO Dawn Crusinberry EVP CFO
Slide 2: Forward-Looking Statements
Forward‐Looking Statements 2 Certain matters discussed in this report 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 Company’s current bu
Slide 3: Experienced Management Team
Experienced Management Team 3 Executive Position Years at CVCY Years of Experience James J. Kim President & CEO 4 21 Dawn P. Crusinberry EVP, Chief Financial Officer 22 40 Patrick A. Luis EVP, Chief Credit Officer 2 37 Blaine Lauhon EVP, Chief Banking Officer 5 35 Ken Ramos EVP, Market Executive – S
Slide 4: Overview
Overview 4 NASDAQ Symbol CVCY Market Capitalization $208 Million Institutional Ownership 46% Insider Ownership 16% Total Assets $2.43 Billion Headquarters Fresno, CA Number of Branches 20 Year Established 1980 Strategic Footprint Bakersfield to Sacramento 20 Branches in 9 Contiguous Counties As of S
Slide 5: Financial Highlights
Financial Highlights 5 2022 Q3 YTD 2021 2020 Total Assets $2.43 Billion $2.45 Billion $2.00 Billion Net Income $19.01 Million $28.40 Million $20.35 Million Diluted EPS $1.62 $2.32 $1.62 Net Interest Margin 3.42% 3.54% 3.87% ROAA 1.04% 1.25% 1.11% ROAE 12.98% 11.50% 8.85% Cash Dividends per share $0.
Slide 6: Attractive Investment Opportunity
Attractive Investment Opportunity 6 As of September 30, 2022 Source: NASDAQ Monthly Closing Price Data 0 5 10 15 20 25 1/1/2015 1/1/2016 1/1/2017 1/1/2018 1/1/2019 1/1/2020 1/1/2021 1/1/2022 Pr ic e CVCY Stock Price Dividend Payout Ratio ‐ 22.2% Dividend Yield ‐ 2.71%
Slide 7: Growing Franchise
Growing Franchise 7 1,491,696 1,577,410 1,574,089 1,832,987 2,267,615 2,438,633 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 2017 2018 2019 2020 2021 2022 YTD Q3 Th ou sa nd s Average Total Assets
Slide 8: Strong Net Income and NIM
Strong Net Income and NIM 8 14,026 21,289 21,443 20,347 28,401 19,012 4.40 4.44 4.51 3.87 3.54 3.42 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 2017 2018 2019 2020 2021 2022 YTD Q3 Pe rc en t Th ou sa nd s Net Income Net Interest Margin
Slide 9: Solid Earnings
Solid Earnings 9 0.94 1.35 1.36 1.11 1.25 1.04 7.69 10.07 9.39 8.85 11.50 12.98 ‐ 2.00 4.00 6.00 8.00 10.00 12.00 14.00 ‐ 0.20 0.40 0.60 0.80 1.00 1.20 1.40 1.60 2017 2018 2019 2020 2021 2022 YTD Q3 RO AE P er ce nt RO AA P er ce nt ROAA / ROAE ROAA ROAE
Slide 10: Steady Deposit Growth and Lowest Cost of Funds
Steady Deposit Growth and Lowest Cost of Funds 10 1,284,305 1,333,754 1,295,780 1,568,194 1,974,576 2,151,717 0.08 0.09 0.15 0.09 0.05 0.04 0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 0.16 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 2017 2018 2019 2020 2021 2022 YTD Q3 Pe rc en t Th ou sa nd s Ave
Slide 11: Attractive Deposit Mix
Attractive Deposit Mix 11 Non‐Interest Bearing 49% Now/Savings 27% Money Market 20% TCDs 4% As of September 30, 2022 Total Deposits = $2.14 Billion
Slide 12: Loan Totals and Yield
Loan Totals and Yield 12 790,504 908,419 928,560 1,053,450 1,067,316 1,098,274 5.51 5.50 5.54 4.94 5.07 4.84 4.40 4.60 4.80 5.00 5.20 5.40 5.60 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 2017 2018 2019 2020 2021 2022 YTD Q3 Pe rc en t Th ou sa nd s Average Total Loans Total Loans Loan Yie
Slide 13: Well Diversified Loan Portfolio
Well Diversified Loan Portfolio 13 Commercial & Industrial, 12% Agriculture Production & Land, 12% Owner Occupied Real Estate, 16% R/E Construction & Land, 8% Commercial Real Estate, 37% Other Real Estate, 2% Equity Loans and Lines, 10% Consumer & Installment, 3% As of September 30, 2022 Excludes De
Slide 14: Non Performing Assets
Non Performing Assets 14 2,945 2,740 1,693 3,278 946 251 0.97 0.99 0.97 1.17 0.92 0.85 ‐ 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 2017 2018 2019 2020 2021 2022 YTD Q3 Pe rc en t Th ou sa nd s Non Performing Assets ALLL/Loans
Slide 15: Special Mention Loans
Special Mention Loans 15 21,908 26,254 28,183 36,406 40,845 30,894 2.43 2.86 2.99 3.30 3.93 2.52 ‐ 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 2017 2018 2019 2020 2021 2022 YTD Q3 Pe rc en t Th ou sa nd s Special Mention Loans SM Loans
Slide 16: Substandard Loans
Substandard Loans 16 49,998 28,394 33,838 36,136 8,540 22,657 5.55 3.09 3.59 3.28 0.82 1.85 ‐ 1.00 2.00 3.00 4.00 5.00 6.00 ‐ 10,000 20,000 30,000 40,000 50,000 60,000 2017 2018 2019 2020 2021 2022 YTD Q3 Pe rc en t Th ou sa nd s Substandard Loans Sub Loans/Gross Loans
Slide 17: Investment Portfolio
Investment Portfolio 17 US Treasury Securities 1% Private Label Mortgage & Asset Backed 42% Municipal Securities 38% Agency CMO, MBS & Other Securities 13% Corporate Debt 5% Equity Mutual Funds 1% As of September 30, 2022 Total = $973.8 Million Yield = 2.34% AFS Effective Duration 5.08
Slide 18: Investing in Relationships
18 Investing in Relationships
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