Community west bancshares / (CWBC)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income:
Loans, including fees

43,890

40,865

36,192

31,097

29,139

27,166

27,071

30,490

35,435

37,809

39,094

Investment securities and other

1,849

1,766

1,199

1,119

1,083

838

795

878

1,107

1,425

1,809

Total interest income

45,739

42,631

37,391

32,216

30,222

28,004

27,866

31,368

36,542

39,234

40,903

Interest expense:
Deposits

10,055

7,702

4,283

2,851

2,383

2,663

2,916

4,130

5,951

7,597

11,240

Other borrowings

1,327

1,286

446

276

133

612

1,416

1,819

2,299

2,360

3,705

Total interest expense

11,382

8,988

4,729

3,127

2,516

3,275

4,332

5,949

8,250

9,957

14,945

Net interest income

34,357

33,643

32,662

29,089

27,706

24,729

23,534

25,419

28,292

29,277

25,958

(Credit) provision for loan losses

-165

14

411

-48

-2,274

-5,135

-1,944

4,281

14,591

8,743

18,678

Net interest income after provision for loan losses

34,522

33,629

32,251

29,137

29,980

29,864

25,478

21,138

13,701

20,534

7,280

Non-interest income:
Amount of revenue earned from other loan fees.

1,383

1,348

1,300

1,042

-

-

-

-

-

-

-

Service charges

-

-

-

-

372

306

318

410

505

531

456

Gains from loan sales, net

765

0

53

0

132

186

361

1,660

370

467

363

Other loan fees

-

-

-

-

1,014

904

1,033

1,124

1,380

1,965

1,893

Fee revenue earned from loan document processing.

423

489

558

496

466

394

463

407

418

544

803

The non-interest income earned through service charges on deposit accounts including account maintenance and analysis fees and transaction-based fees.

567

459

458

403

-

-

-

-

-

-

-

Gains from sale of securities

-

-

-

-

-

-

-

121

0

0

-

Loan servicing, net

-

-

-

-

-

-

-

-

300

328

773

Other

469

332

388

312

325

407

656

559

238

180

130

Total non-interest income

3,607

2,628

2,757

2,253

2,309

2,197

2,831

4,281

3,211

4,015

4,418

Non-interest expenses:
Salaries and employee benefits

17,094

16,329

15,339

14,383

12,904

12,154

12,783

11,514

11,816

11,823

11,896

Occupancy, net

3,088

3,132

2,862

2,264

1,943

1,833

1,814

1,829

1,969

2,005

2,112

Professional services

1,679

1,356

1,069

873

993

1,551

1,219

1,484

1,058

817

901

Loss on sale and write-down of foreclosed real estate and repossessed assets

-

-

-

-

-

-

-

-

-

-1,151

-

Data processing

876

852

725

793

533

570

549

533

529

537

620

Depreciation

864

764

685

678

399

324

300

306

374

425

491

FDIC assessment

427

770

664

376

342

338

1,046

1,342

957

1,210

1,596

Advertising and marketing

774

685

750

616

466

608

512

367

395

301

344

Stock-based compensation

382

478

537

338

412

308

59

117

-

-

-

Loan servicing and collection

-

-

-

209

395

845

1,444

1,492

1,538

-

-

Loan litigation settlement, net

-

-

-

-

7,095

-

-

-

-

-

-

Net loss (gain) on sales/write-downs of foreclosed real estate and repossessed assets

-

-

-

-

-

435

-

-

-

-

-615

Net (gain) loss on sales/write-downs of foreclosed real estate and repossessed assets

-

-

-

-

-

-

-388

-

-

-

-

Loan litigation settlement, net

-

-

-

-

-

0

0

-

-

-

-

Net (gain) loss on sales/write-downs of foreclosed real estate and repossessed assets

-

-

-

-

-

-

-

1,161

2,630

-

-

Other

1,571

1,673

1,914

2,018

1,799

1,985

2,021

2,101

2,054

2,722

2,904

Total non-interest expenses

26,755

26,039

24,545

22,548

27,281

20,081

22,135

22,246

23,320

20,991

21,479

Income before provision for income taxes

11,374

10,218

10,463

8,842

5,008

11,980

6,174

3,173

-6,408

3,558

-9,781

Provision for income taxes

3,411

2,809

5,548

3,613

2,138

4,934

-2,812

0

4,077

1,467

-4,018

Net income

7,963

7,409

4,915

5,229

2,870

7,046

8,986

3,173

-10,485

2,091

-5,763

Dividends and accretion on preferred stock

-

-

-

-

445

937

-

-

-

-

-

Dividends on preferred stock

-

-

-

-

-

-

-

-

-

1,047

1,046

Dividends on preferred stock

-

-

-

-

-

-

1,039

1,046

1,047

-

-

Discount on partial redemption of preferred stock

-

-

-

-

129

159

0

0

-

-

-

Net income available to common stockholders

-

-

-

-

2,554

6,268

7,947

2,127

-11,532

1,044

-6,809

Earnings per share:
Basic (in dollars per share)

0.94

0.89

0.60

0.64

0.31

0.77

1.13

0.36

-1.93

0.18

-1.15

Diluted (in dollars per share)

0.93

0.88

0.57

0.62

0.30

0.75

0.98

0.31

-1.93

0.18

-1.15

Weighted average number of common shares outstanding:
Basic (in shares)

8,470

8,288

8,146

8,114

8,203

8,141

7,017

5,990

5,980

5

5,915

Diluted (in shares)

8,579

8,451

8,589

8,444

8,491

8,505

8,390

8,233

5,980

6

5,915

Dividends declared per common share (in dollars per share)

0.21

0.19

0.15

0.13

0.11

0.04

0.00

0.00

0.00

-

-