COMMUNITY WEST BANCSHARES / CWBC Income Statement

Community west bancshares / (CWBC)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Loans, including fees
10,664	11,136	11,306	10,907	10,541	10,582	10,612	10,020	9,651	9,622	9,340	8,788	8,442	8,280	8,228	7,414	7,175	7,886	7,131	7,410	6,712	6,799	6,695	6,911	6,761	6,556	6,871	6,850	6,794	7,254	7,324	7,830	8,082	9,026	8,500	8,865	9,044	9,393	9,323
Investment securities and other
311	492	413	460	484	459	589	381	337	305	355	278	261	302	288	260	269	249	244	285	305	219	208	211	200	209	210	194	182	247	188	204	239	283	268	270	286	334	380
Total interest income
10,975	11,628	11,719	11,367	11,025	11,041	11,201	10,401	9,988	9,927	9,695	9,066	8,703	8,582	8,516	7,674	7,444	8,135	7,375	7,695	7,017	7,018	6,903	7,122	6,961	6,765	7,081	7,044	6,976	7,501	7,512	8,034	8,321	9,309	8,768	9,135	9,330	9,727	9,703
Interest expense:
Deposits
2,122	2,413	2,615	2,583	2,444	2,329	2,222	1,708	1,443	1,299	1,185	941	858	763	733	704	651	622	587	569	605	624	709	688	642	678	719	760	759	843	970	1,052	1,265	1,395	1,414	1,472	1,670	1,812	1,958
Other borrowings
390	377	306	286	358	358	351	382	195	152	134	89	71	57	74	73	72	51	6	15	61	88	126	161	237	280	328	401	407	433	433	425	528	555	575	578	591	607	514
Total interest expense
2,512	2,790	2,921	2,869	2,802	2,687	2,573	2,090	1,638	1,451	1,319	1,030	929	820	807	777	723	673	593	584	666	712	835	849	879	958	1,047	1,161	1,166	1,276	1,403	1,477	1,793	1,950	1,989	2,050	2,261	2,419	2,472
Net interest income
8,463	8,838	8,798	8,498	8,223	8,354	8,628	8,311	8,350	8,476	8,376	8,036	7,774	7,762	7,709	6,897	6,721	7,462	6,782	7,111	6,351	6,306	6,068	6,273	6,082	5,807	6,034	5,883	5,810	6,225	6,109	6,557	6,528	7,359	6,779	7,085	7,069	7,308	7,231
(Credit) provision for loan losses
392	-210	-75	177	-57	238	-197	117	-144	-12	159	120	144	116	22	61	-247	-277	-445	-584	-968	-1,575	-1,178	-1,011	-1,371	899	-1,563	-1,084	-196	-895	1,293	1,900	1,983	5,940	4,511	3,157	983	1,518	2,872
Net interest income after provision for loan losses
8,071	9,048	8,873	8,321	8,280	8,116	8,825	8,194	8,494	8,488	8,217	7,916	7,630	7,646	7,687	6,836	6,968	7,739	7,227	7,695	7,319	7,881	7,246	7,284	7,453	4,908	7,597	6,967	6,006	7,120	4,816	4,657	4,545	1,419	2,268	3,928	6,086	5,790	4,359
Non-interest income:
Amount of revenue earned from other loan fees.
341	500	302	323	258	350	379	323	296	-	354	342	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges
-	-	-	-	-	-	-	-	-	-	-	-	96	-	100	102	90	120	92	87	73	91	72	71	72	73	75	85	85	83	98	109	120	139	122	114	130	128	133
Gains from loan sales, net
190	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28	65	27	62	111	161	139	366	58	1,097	99	104	85	82	90	92
Other loan fees
-	-	-	-	-	-	-	-	-	-	-	-	303	-	270	282	275	225	244	370	175	184	279	266	175	189	229	385	230	277	302	295	250	394	345	411	230	521	494
Fee revenue earned from loan document processing.
124	116	96	124	87	122	120	130	117	128	146	151	133	115	130	136	115	102	141	131	92	97	103	116	78	94	114	145	110	124	109	82	92	106	99	108	105	149	125
The non-interest income earned through service charges on deposit accounts including account maintenance and analysis fees and transaction-based fees.
134	160	129	139	139	108	113	122	116	-	118	112	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains from sale of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	121	-	-	-	-	-	-
Loan servicing, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24	75	-	105	-76	151	10	90	52	148	89	39
Other
161	123	120	106	120	80	29	113	110	89	98	92	109	97	59	57	99	-41	77	149	140	6	98	175	128	262	197	86	111	380	77	45	57	109	41	45	43	46	50
Total non-interest income
950	1,664	647	692	604	660	641	688	639	703	716	697	641	538	559	577	579	538	554	737	480	471	552	656	518	546	677	836	772	823	1,057	513	1,888	857	801	815	738	1,023	933
Non-interest expenses:
Salaries and employee benefits
4,398	4,141	4,254	4,318	4,381	3,991	4,147	4,042	4,149	3,773	3,839	3,796	3,931	3,628	3,809	3,494	3,452	3,175	3,412	3,202	3,115	2,846	2,888	3,193	3,227	2,827	3,102	3,355	3,499	2,988	2,899	2,742	2,885	2,921	3,079	2,707	3,109	2,909	2,858
Occupancy, net
758	750	788	768	782	829	778	741	784	777	754	686	645	633	564	581	486	504	507	487	445	456	479	459	439	449	452	458	455	464	451	419	495	483	487	494	505	499	510
Professional services
383	552	341	405	381	425	326	301	304	310	281	299	179	220	196	278	179	257	212	276	248	384	436	371	360	306	308	290	315	491	372	296	325	301	306	236	215	187	239
Loss on sale and write-down of foreclosed real estate and repossessed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	409	-	-	-	-	-	-
Data processing
283	236	215	201	224	233	201	206	212	200	192	165	168	280	173	169	171	145	135	134	119	145	144	109	172	146	128	125	150	126	127	145	135	136	138	128	127	150	133
Depreciation
208	214	219	218	213	212	199	186	167	166	168	188	163	192	162	175	149	109	103	96	91	86	82	81	75	74	78	74	74	75	78	76	77	88	93	95	98	102	108
FDIC assessment
144	118	-15	154	170	223	169	164	214	203	172	179	110	106	74	99	97	90	99	82	71	85	83	90	80	237	283	261	265	296	311	309	426	216	217	222	302	260	323
Advertising and marketing
153	228	187	230	129	198	154	163	170	262	137	195	156	169	154	212	81	118	116	152	80	179	129	179	121	138	94	187	93	149	59	102	57	108	76	141	70	47	78
Stock-based compensation
85	100	90	97	95	194	81	87	116	83	283	87	84	77	97	84	80	79	73	218	42	38	29	30	211	16	12	16	15	-	-	-	-	-	-	-	-	-	-
Loan servicing and collection
-	-	-	-	-	-	-	-	-	-	-	-	106	11	108	-89	179	114	10	182	89	259	187	134	265	333	511	347	253	-	366	422	-	-	-	-	-	-	-
Net loss (gain) on sales/write-downs of foreclosed real estate and repossessed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,361	-199	-459	-128	-504
Net (gain) loss on sales/write-downs of foreclosed real estate and repossessed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	190	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan litigation settlement, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	-7,153	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) loss on sales/write-downs of foreclosed real estate and repossessed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	-	184	75	101	-	189	371	-	-	-	-	-	-	-
Other
317	475	385	369	342	542	347	367	417	560	561	412	381	554	499	503	462	508	421	399	471	453	422	575	535	576	487	489	469	9	408	879	805	-991	1,228	893	924	753	644
Total non-interest expenses
6,729	6,814	6,464	6,760	6,717	6,847	6,402	6,257	6,533	6,228	6,387	6,007	5,923	5,870	5,836	5,506	5,336	5,091	5,038	12,381	4,771	4,646	4,879	5,031	5,525	5,130	5,639	5,677	5,689	5,611	5,260	5,761	5,614	5,411	6,985	5,115	5,809	5,035	5,397
Income before provision for income taxes
2,292	3,898	3,056	2,253	2,167	1,929	3,064	2,625	2,600	2,963	2,546	2,606	2,348	2,314	2,410	1,907	2,211	3,186	2,743	-3,949	3,028	3,706	2,919	2,909	2,446	324	2,635	2,126	1,089	2,332	613	-591	819	-3,135	-3,916	-372	1,015	1,778	-105
Provision for income taxes
694	1,179	902	673	657	570	695	758	786	2,514	992	1,050	992	974	929	782	928	1,335	1,152	-1,607	1,258	1,520	1,207	1,203	1,004	-2,812	0	0	0	0	0	0	0	5,417	-1,609	-151	420	733	-43
Net income
1,598	2,719	2,154	1,580	1,510	1,359	2,369	1,867	1,814	449	1,554	1,556	1,356	1,340	1,481	1,125	1,283	1,851	1,591	-2,342	1,770	2,186	1,712	1,706	1,442	3,136	2,635	2,126	1,089	2,332	613	-591	819	-8,552	-2,307	-221	595	1,045	-62
Dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	125	136	-	-	-	-	-	-	-	-	-	-	-	-	262	-	261	262	262	261	262
Dividends on preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	140	-	176	329	273	253	262	262	262	-	253	268	-	-	-	-	-	-	-
Discount on partial redemption of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	110	19	15	0	144	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Net income available to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,807	1,466	-2,368	1,649	2,042	1,536	1,521	1,169	2,883	2,373	1,864	827	2,069	360	-859	557	-8,814	-2,568	-483	333	784	-324
Earnings per share:
Basic (in dollars per share)
0.19	0.32	0.25	0.19	0.18	0.15	0.29	0.23	0.22	0.05	0.19	0.19	0.17	0.16	0.18	0.14	0.16	0.22	0.18	-0.29	0.20	0.24	0.19	0.19	0.15	0.39	0.30	0.30	0.14	0.35	0.06	-0.14	0.09	-1.48	-0.43	-0.08	0.06	0.13	-0.05
Diluted (in dollars per share)
0.19	0.32	0.25	0.18	0.18	0.19	0.27	0.21	0.21	0.05	0.18	0.18	0.16	0.16	0.18	0.13	0.15	0.23	0.17	-0.29	0.19	0.24	0.18	0.18	0.15	0.35	0.29	0.23	0.11	0.31	0.06	-0.14	0.08	-1.47	-0.43	-0.08	0.05	0.12	-0.05
Weighted average number of common shares outstanding:
Basic (in shares)
8,472	8,469	8,465	8,455	8,491	8,455	8,261	8,227	8,209	8,183	8,165	8,136	8,100	8,093	8,096	8,098	8,169	8,202	8,203	8,204	8,203	8,207	8,200	8,186	7,971	7,896	7,865	6,296	6,011	11,974	5,990	5,990	5	11,944	5,988	5,982	5	5	5
Diluted (in shares)
8,579	8,583	8,567	8,562	8,604	7,643	8,761	8,714	8,686	8,659	8,598	8,567	8,532	8,478	8,421	8,410	8,467	8,751	8,508	8,204	8,501	8,497	8,494	8,495	8,534	8,441	8,395	8,423	8,301	18,700	8,233	5,990	8	11,941	5,988	5,982	8	7	5
Dividends declared per common share (in dollars per share)
0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.04	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	0.00	-	-	-	-	-	-	-