Community West Bancshares · NASDAQ:CWBC
Community West Bancshares — Central Valley Community Bancorp — Piper Sandler Western Financial Services Conference 2022
19 slides from Community West Bancshares's conference presentation, Mar 4, 2022
Slide 1: Investor Presentation - Piper Sandler Western Financial Services Conference
Investor Presentation Piper Sandler Western Financial Services Conference March 7-8, 2022 James Kim Pres. & CEO Dave Kinross 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 David A. Kinross EVP, Chief Financial Officer 15 31 Patrick A. Luis EVP, Chief Credit Officer 1 36 Blaine Lauhon EVP, Chief Banking Officer 4 34 Ken Ramos EVP, Market Executive – Sout
Slide 4: Overview
Overview 4 NASDAQ Symbol CVCY Market Capitalization $248 Million Institutional Ownership 48% Insider Ownership 13% Total Assets $2.45 Billion Headquarters Fresno, CA Number of Branches 20 Year Established 1980 Strategic Footprint Bakersfield to Sacramento 20 Branches in 9 Contiguous Counties As of D
Slide 5: Financial Highlights
Financial Highlights 5 2021 2020 2019 Total Assets $2.45 Billion $2.00 Billion $1.60 Billion Net Income $28.40 Million $20.35 Million $21.44 Million Diluted EPS $2.32 $1.62 $1.59 Net Interest Margin 3.54% 3.87% 4.51% ROAA 1.25% 1.11% 1.36% ROAE 11.50% 8.85% 9.39% Cash Dividends per share $0.47 $0.44
Slide 6: Attractive Investment Opportunity
Attractive Investment Opportunity 6 As of Dec. 31, 2021 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 - 21.0% Dividend Yield - 2.09%
Slide 7: Growing Franchise
Growing Franchise 7 1,321,007 1,491,696 1,577,410 1,574,089 1,832,987 2,267,615 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 2016 2017 2018 2019 2020 2021 Th ou sa nd s Average Total Assets
Slide 8: Strong Net Income and NIM
Strong Net Income and NIM 8 15,182 14,026 21,289 21,443 20,347 28,401 4.06 4.40 4.44 4.51 3.87 3.54 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 2016 2017 2018 2019 2020 2021 Pe rc en t Th ou sa nd s Net Income Net Interest Margin
Slide 9: Solid Earnings
Solid Earnings 9 1.15 0.94 1.35 1.36 1.11 1.25 9.84 7.69 10.07 9.39 8.85 11.50 - 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 2016 2017 2018 2019 2020 2021 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 1,144,231 1,284,305 1,333,754 1,295,780 1,568,194 1,984,440 0.09 0.08 0.09 0.15 0.09 0.05 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 2016 2017 2018 2019 2020 2021 Pe rc en t Th ou sa nd s Average To
Slide 11: Attractive Deposit Mix
Attractive Deposit Mix 11 Non-Interest Bearing 46% Now/Savings 26% Money Market 24% TCDs 4% As of Dec. 31, 2021 Total Deposits = $2.12 Billion
Slide 12: Loan Totals and Yield
Loan Totals and Yield 12 644,282 790,504 908,419 928,560 1,053,450 1,069,578 5.29 5.51 5.50 5.54 4.94 5.07 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 2016 2017 2018 2019 2020 2021 Pe rc en t Th ou sa nd s Average Total Loans Total Loa
Slide 13: Well Diversified Loan Portfolio
Well Diversified Loan Portfolio 13 Commercial & Industrial, 13% Agriculture Production & Land, 13% Owner Occupied Real Estate, 20% R/E Construction & Land, 6% Commercial Real Estate, 36% Other Real Estate, 3% Equity Loans and Lines, 5% Consumer & Installment, 4% As of Dec. 31, 2021 Excludes Deferred
Slide 14: Agricultural Loan Commitments
Agricultural Loan Commitments 14 Almonds 27% Table Grapes 2% Open Land 10% Walnuts 3% Wine Grapes 2% Other 14% Row Crops 2% Tomatoes 9% Raisins 4% Cherries 2% Cotton 3% Tree Fruit 10% Pistachios 7% Citrus 5% As of Dec. 31, 2021 Total Ag Line Committments $177.0 Million
Slide 15: Non Performing Assets
Non Performing Assets 15 2,542 2,945 2,740 1,693 3,278 946 1.23 0.97 0.99 0.97 1.17 0.92 - 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 2016 2017 2018 2019 2020 2021 Pe rc en t Th ou sa nd s Non Performing Assets ALLL/Loans
Slide 16: Special Mention Loans
Special Mention Loans 16 29,911 21,908 26,254 28,183 36,406 40,845 3.95 2.43 2.86 2.99 3.30 3.93 - 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 2016 2017 2018 2019 2020 2021 Pe rc en t Th ou sa nd s Special Mention Loans SM Loans/Gross
Slide 17: Substandard Loans
Substandard Loans 17 49,464 49,998 28,394 33,838 36,136 8,540 6.54 5.55 3.09 3.59 3.28 0.82 - 1.00 2.00 3.00 4.00 5.00 6.00 7.00 - 10,000 20,000 30,000 40,000 50,000 60,000 2016 2017 2018 2019 2020 2021 Pe rc en t Th ou sa nd s Substandard Loans Sub Loans/Gross Loans
Slide 18: Conservative Investment Portfolio
Conservative Investment Portfolio 18 US Government Agencies 0%US Treasury Securities 1% Private Label Mortgage & Asset Backed 25% Municipal Securities 42% Agency CMO, MBS & Other Securities 17% Fed Funds Sold 8% Corporate Debt 5% Equity Mutual Funds 1% As of Dec. 31, 2021 Total = $1.12 Billion Yield
Slide 19: Investing in Relationships
19 Investing in Relationships
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