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FOR IMMEDIATE RELEASE
COMMUNITY WEST BANCSHARES REPORTS EARNINGS RESULTS
FOR THE QUARTER ENDED SEPTEMBER 30, 2025,
AND QUARTERLY DIVIDEND

FRESNO, CALIFORNIA...October 16, 2025...The Board of Directors of Community West Bancshares (“Company”) (NASDAQ: CWBC), the parent company of Community West Bank (“Bank”), reported today unaudited consolidated net income of $10,873,000, and diluted earnings per share of $0.57 for the three months ended September 30, 2025, compared to net income of $3,385,000 and $0.18 per diluted common share for the three months ended September 30, 2024. The Company declared a $0.12 per common share cash dividend, payable on November 14, 2025 to shareholders of record as of October 31, 2025.

“The Company’s solid third-quarter results reflect the strength of our team and the trust of the clients and communities we serve across Central California,” said James J. Kim, CEO of the Company. “Our mission-driven approach as a committed community bank partner has defined us for more than 45 years. Even as the broader economy evolves – with slower growth and ongoing policy uncertainty – our focus remains steadfast. We continue to lead with discipline, maintaining credit quality, deposit stability and prudent liquidity management, and we remain optimistic about what lies ahead.”
FINANCIAL HIGHLIGHTS
•Net income during the third quarter ended September 30, 2025 increased to $10.87 million, or $0.57 per diluted common share, compared to net income of $7.83 million and $0.41, respectively, in the second quarter of 2025.
•The Company recorded a provision for credit losses of $667,000 during the quarter ended September 30, 2025, as compared to a provision for credit losses of $2.61 million during the trailing quarter. The current quarter provision is attributed to a provision for loan losses totaling $793,000, partially offset by a credit to the reserve for unfunded commitments of $64,000 and a credit to the reserve for held-to-maturity securities of $62,000.
•Gross loans increased by $51.8 million or 2.16% for the quarter ended September 30, 2025 compared to the quarter ended June 30, 2025 and increased $116.9 million or 5.01% year-to-date.
•Total deposits increased by $81.0 million or 2.70% compared to the quarter ended June 30, 2025 and $165.2 million or 5.67% year-to-date.
•Total cost of deposits decreased to 1.39% for the quarter ended September 30, 2025 compared to 1.43% and 1.49% for the quarters ended June 30, 2025 and December 31, 2024, respectively.
•Average non-interest bearing demand deposit accounts as a percentage of total average deposits totaled 35.79% and 34.48% for the quarters ended September 30, 2025 and June 30, 2025, respectively.
•Net interest margin increased to 4.20% for the quarter ended September 30, 2025, from 4.10% and 3.95% for the quarters ended June 30, 2025 and December 31, 2024, respectively.
•Capital positions remained strong at September 30, 2025 with a 9.53% Tier 1 Leverage Ratio; a 11.60% Common Equity Tier 1 Ratio; a 11.78% Tier 1 Risk-Based Capital Ratio; and a 14.07% Total Risk-Based Capital Ratio.

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Community West Bancshares -- page 2
“We are excited to report one of the strongest quarters in recent years, highlighted by six consecutive quarters of increasing net interest margin and record income growth for the Company,” said Shannon Livingston, Executive Vice President and Chief Financial Officer. “These results reflect the synergies, discipline and exceptional service culture that define the Company. Our strong balance sheet and financial performance position the Company to deliver meaningful, long-term value for our shareholders.”


Results of Operations
Three months endedNine months ended
September 30,
June 30,
September 30,
September 30,
(In thousands, except share and per-share amounts) 20252025202420252024
Net interest income before provision (credit) for credit losses$34,944 $33,304 $30,214 $100,431 $78,343 
Provision (credit) for credit losses667 2,613 (518)3,239 9,889 
Net interest income after provision (credit) for credit losses34,277 30,691 30,732 97,192 68,454 
Total non-interest income2,966 2,364 1,105 7,941 4,142 
Total non-interest expenses22,167 22,296 27,677 67,934 71,513 
Income before provision for income taxes15,076 10,759 4,160 37,199 1,083 
Provision for income taxes4,203 2,927 775 10,201 312 
Net income$10,873 $7,832 $3,385 $26,998 $771 

Statement Regarding use of Non-GAAP Financial Measures
In this press release, Community West Bancshares’ financial results are presented in accordance with GAAP and refer to certain non-GAAP financial measures. Management believes that presentation of operating results using non-GAAP financial measures provides useful supplemental information to investors and facilitates the analysis of the Company’s core operating results and comparison of operating results across reporting periods. Management also uses non-GAAP financial measures to establish budgets and manage the Company’s business. A reconciliation of the GAAP financial measures to comparable non-GAAP financial measures is presented below.






















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Community West Bancshares -- page 3
Reconciliation of GAAP and Non-GAAP Financial Measures

Three months ended Nine months ended
September 30,
June 30,
September 30,
September 30,
September 30,
(Dollars in thousands)20252025202420252024
PRE-TAX PRE-PROVISION RETURN ON AVERAGE ASSETS OR EQUITY
Net income (GAAP)$10,873 $7,832 $3,385 $26,998 $771 
Exclude provision for income taxes4,203 2,927 775 10,201 312 
Exclude provision (credit) for credit losses667 2,613 (518)3,239 9,889 
Net income before income tax and provision expense (Non-GAAP)$15,743 $13,372 $3,642 $40,438 $10,972 
RETURN ON AVERAGE ASSETS (Annualized)
Average assets$3,595,359 $3,553,327 $3,541,444 $3,559,252 $3,078,175 
Return on average assets (GAAP)1.21 %0.88 %0.38 %1.01 %0.03 %
Pre-tax pre-provision return on average assets (Non-GAAP)1.75 %1.51 %0.41 %1.51 %0.48 %
RETURN ON AVERAGE EQUITY (Annualized)
Average stockholders' equity$386,500 $377,413 $353,018 $378,037 $300,879 
Return on average equity (GAAP)11.25 %8.97 %3.84 %9.52 %0.34 %
Pre-tax pre-provision return on average equity (Non-GAAP)16.29 %14.17 %4.13 %14.26 %4.86 %
Three months ended
September 30,
June 30,
March, 31December 31,
September 30,
(Dollars in thousands)20252025202520242024
TANGIBLE COMMON EQUITY
Shareholders’ equity (GAAP)$397,576 $380,002 $371,937 $362,685 $363,515 
Exclude goodwill96,828 96,828 96,828 96,828 96,379 
Exclude other intangibles assets8,516 8,767 9,017 9,268 9,518 
Tangible common equity (Non-GAAP)$292,232 $274,407 $266,092 $256,589 $257,618 
TANGIBLE COMMON EQUITY PER SHARE
Tangible shareholders’ equity (Non-GAAP)$292,232 $274,407 $266,092 $256,589 $257,618 
Common shares outstanding at end of period19,138,677 19,130,508 19,061,009 18,974,674 18,945,988 
Common shareholders’ equity (book value) per share (GAAP)$20.77 $19.86 $19.19 $19.53 $19.11 $19.19 
Tangible common shareholders’ equity (tangible book value) per share (Non-GAAP)$15.27 $14.34 $13.97 $13.52 $13.60 
For the quarter ended September 30, 2025, the Company reported unaudited consolidated net income of $10,873,000 and diluted earnings per common share of $0.57, compared to consolidated net income of $7,832,000 and $0.41 per fully diluted share for the trailing quarter, and consolidated net income of $3,385,000 and $0.18 per diluted share for the same period in 2024. The Company's earnings during the quarter benefited from an increase in net interest income before provision for credit losses, a lower provision for credit losses and an increase in non-interest income, as compared to the prior quarter.

Annualized return on average equity (ROAE) for the quarter ended September 30, 2025 was 11.25%, compared to 3.84% for the same period of 2024. Annualized return on average assets (ROAA) was 1.21% for the quarter ended September 30, 2025 compared to 0.38% for the same period in 2024.
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Community West Bancshares -- page 4

The effective yield on average investment securities, including interest earning deposits in other banks and Federal funds sold, was 2.96% for the quarter ended September 30, 2025, compared to 3.24% for the quarter ended September 30, 2024 and 2.95% for the quarter ended June 30, 2025.

Total average loans increased by $137,110,000 to $2,417,155,000 for the quarter ended September 30, 2025, from $2,280,045,000 for the quarter ended September 30, 2024 and increased by $46,830,000 from $2,370,325,000 for the quarter ended June 30, 2025. The year over year increase was due to organic loan growth throughout the Company’s expanded footprint. The effective yield on average loans was 6.65% for the quarter ended September 30, 2025, compared to 6.53% and 6.71% for the quarters ended September 30, 2024 and June 30, 2025, respectively.

The Company’s net interest margin (fully tax equivalent basis) was 4.20% for the quarter ended September 30, 2025, compared to 3.69% for the quarter ended September 30, 2024 and 4.10% for the quarter ended June 30, 2025. Net interest income, before provision for credit losses, increased by $4,730,000 or 15.65%, to $34,944,000 for the third quarter of 2025, compared to $30,214,000 for the same period in 2024. In addition to the increase in average loans due to organic loan growth, the Company's yield on interest earning assets has increased from 5.52% for the quarter ended September 30, 2024 to 5.62% for the quarter ended September 30, 2025. Additionally, the Company benefited from a decrease in the costs on interest-bearing liabilities, in which the cost of total deposits decreased to 1.39% from 1.69% when comparing the quarters ended September 30, 2025 and 2024. The decrease in the cost of deposits is primarily attributed to rate decreases in the money market and time deposit portfolios from both acquired deposits from the April 2024 merger with Community West Bancshares and the Company’s existing base. Net interest margin during the three months ended September 30, 2025 and 2024 and June 30, 2025 benefited by approximately 28 basis points ($2,327,772), 18 basis points ($1,490,744), and 25 basis points ($2,090,467), respectively, from the net accretion of fair value marks.


Non-Interest Income - The following tables present the key components of non-interest income for the periods indicated:
Three months ended
September 30,
June 30,
(Dollars in thousands)20252025$ Change% Change
Service charges$519 $505 $14 2.8 %
Interchange fees493 492 1 0.2 %
Appreciation in cash surrender value of bank owned life insurance379 372 7 1.9 %
Federal Home Loan Bank dividends240 237 3 1.3 %
Loan placement fees215 180 35 19.4 %
Gain on proceeds from death benefits198 — 198 — %
Net realized losses on sales and calls of investment securities(26)(15)(11)73.3 %
Other income948 593 355 59.9 %
Total non-interest income$2,966 $2,364 $602 25.5 %

The increase in total non-interest income for the quarter ended September 30, 2025 as compared to the trailing quarter was primarily driven by a net gain on proceeds from death benefits of $198,000 and income from CRA investments of $273,000, as compared to $0 and $41,000 in the prior quarter, respectively.
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Community West Bancshares -- page 5
Nine months ended September 30,
(Dollars in thousands)20252024$ Change% Change
Service charges$1,526 $1,342 $184 13.7 %
Interchange fees1,501 1,642 (141)(8.6)%
Appreciation in cash surrender value of bank owned life insurance1,117 971 146 15.0 %
Federal Home Loan Bank dividends718 555 163 29.4 %
Loan placement fees632 802 (170)(21.2)%
Gain on proceeds from death benefits198 — 198 — %
Net realized losses on sales and calls of investment securities(41)(4,199)4,158 (99.0)%
Other income2,290 3,029 (739)(24.4)%
Total non-interest income$7,941 $4,142 $3,799 91.7 %

Increases in non-interest income as compared to the prior year-to-date period are attributed to the reduction in realized losses on sales and calls of investment securities. Realized losses on sales and calls of investment securities decreased to $41,000 for the nine months ended September 30, 2025 compared to a loss of $4,199,000 for the nine months ended September 30, 2024. The increase in non interest income was partially offset by lower interchange fees, loan placement fees, and other income year-to-date through September 30, 2025.


Non-Interest Expense - The following table presents the key components of non-interest expense for the periods indicated:
Three months ended
September 30,
June 30,
(Dollars in thousands)20252025$ Change% Change
Salaries and employee benefits$12,525 $12,260 $265 2.2 %
Occupancy and equipment2,933 2,794 139 5.0 %
Information technology1,711 1,791 (80)(4.5)%
Data processing expense748 855 (107)(12.5)%
Regulatory assessments490 498 (8)(1.6)%
Professional services447 639 (192)(30.0)%
ATM/Debit card expenses359 397 (38)(9.6)%
Loan related expenses 252 164 88 53.7 %
Amortization of core deposit intangibles250 251 (1)(0.4)%
Directors’ expenses234 236 (2)(0.8)%
Advertising185 241 (56)(23.2)%
Personnel other19 97 (78)(80.4)%
Other expense2,014 2,073 (59)(2.8)%
Total non-interest expenses$22,167 $22,296 $(129)(0.6)%

During the third quarter of 2025, total non-interest expense decreased $129,000 as compared to the trailing quarter. The decrease was driven primarily by decreases in professional services, data processing expense, and information technology. The increase in salary and employee benefits was due to increased accruals for incentive compensation based on year-to-date Company performance. Professional services decreased due to lower legal fees and lower estimates for audit fees.
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Community West Bancshares -- page 6

Nine months ended September 30,
(Dollars in thousands)20252024$ Change% Change
Salaries and employee benefits$37,744 $35,800 $1,944 5.4 %
Occupancy and equipment8,554 6,653 1,901 28.6 %
Information technology5,404 4,422 982 22.2 %
Data processing expense2,403 3,010 (607)(20.2)%
Professional services1,950 2,187 (237)(10.8)%
Regulatory assessments1,479 1,391 88 6.3 %
ATM/Debit card expenses1,149 1,178 (29)(2.5)%
Amortization of core deposit intangibles751 501 250 49.9 %
Advertising687 701 (14)(2.0)%
Directors’ expenses686 551 135 24.5 %
Loan related expenses 628 486 142 29.2 %
Merger and acquisition expense278 9,147 (8,869)(97.0)%
Personnel other217 233 (16)(6.9)%
Other expense6,004 5,253 751 14.3 %
Total non-interest expenses$67,934 $71,513 $(3,579)(5.0)%

The decrease in non-interest expenses as compared to the prior year-to-date period was due to the reduction in non-recurring merger expenses, data processing expense, and professional services, partially offset by an increase in salary and employee benefits, occupancy and equipment, and information technology.

Balance Sheet Summary
Total assets for the period ended September 30, 2025 increased $90,493,000 or 2.57%, compared to the period ended December 31, 2024. Total average assets for the quarter ended September 30, 2025 were $3,595,359,000 compared to $3,541,444,000 for the quarter ended September 30, 2024 and $3,553,327,000 for the quarter ended June 30, 2025, an increase of $53,915,000 or 1.52% and an increase of $42,032,000 or 1.18%, respectively.

For the quarter ended September 30, 2025, the Company’s average gross investment securities decreased by $76,608,000, or 8.56%, compared to the quarter ended September 30, 2024, and decreased by $11,172,000, or 1.35%, compared to the quarter ended June 30, 2025. This decrease compared to the prior year was the result of sales, calls and maturities of available-for-sale (AFS) securities and held-to-maturity (HTM) securities.

In comparing the quarter ended September 30, 2025 to the quarters ended September 30, 2024 and June 30, 2025, total average gross loans increased $137,110,000 or 6.01%, and increased by $46,830,000 or 1.98%, respectively.









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Community West Bancshares -- page 7

The following table shows the Company’s outstanding loan portfolio composition as of September 30, 2025 and December 31, 2024:
September 30, 2025
December 31, 2024
Loan Type (dollars in thousands)Amount% of TotalAmount% of Total
Commercial:
Commercial and industrial$157,880 6.4 %$143,422 6.1 %
Agricultural production22,915 0.9 %37,323 1.6 %
Total commercial180,795 7.3 %180,745 7.7 %
Real estate:
Construction & other land loans78,628 3.2 %67,869 2.9 %
Commercial real estate - owner occupied354,841 14.5 %323,188 13.9 %
Commercial real estate - non-owner occupied972,014 39.7 %913,165 39.1 %
Farmland140,454 5.7 %139,815 6.0 %
Multi-family residential154,073 6.3 %133,595 5.7 %
1-4 family - close-ended109,567 4.5 %123,445 5.3 %
1-4 family - revolving38,724 1.6 %35,421 1.5 %
Total real estate1,848,301 75.5 %1,736,498 74.4 %
Consumer:
Manufactured housing326,755 13.3 %322,263 13.8 %
Other installment94,423 3.9 %92,839 4.0 %
Total consumer421,178 17.2 %415,102 17.8 %
Net deferred origination costs868 — %1,876 0.1 %
Total gross loans2,451,142 100.0 %2,334,221 100.0 %
Allowance for credit losses(29,590)(25,803)
Total loans$2,421,552 $2,308,418 


The composition of deposits at September 30, 2025 and December 31, 2024 is summarized in the table below:
September 30, 2025
December 31, 2024
(Dollars in thousands)Amount% of TotalAmount% of Total
NOW accounts$457,004 14.9 %$470,548 16.2 %
MMA accounts864,879 28.1 %843,145 29.0 %
Time deposits489,487 15.9 %443,284 15.2 %
Savings deposits172,744 5.6 %172,976 5.9 %
Total interest-bearing1,984,114 64.5 %1,929,953 66.3 %
Non-interest bearing1,091,817 35.5 %980,824 33.7 %
Total deposits$3,075,931 100.0 %$2,910,777 100.0 %

Total average deposits increased $135,348,000 or 4.61%, to $3,070,299,000 for the quarter ended September 30, 2025, compared to $2,934,951,000 for the quarter ended September 30, 2024, and increased $107,467,000, or 3.63%, compared to $2,962,832,000 for the quarter ended June 30, 2025. The Company’s ratio of average non-interest bearing deposits to total deposits was 35.79% for the quarter ended September 30, 2025, compared to 37.16% and 34.48% for the quarters ended September 30, 2024 and June 30, 2025, respectively.

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Community West Bancshares -- page 8
The Company has significant liquidity, both on and off-balance sheet, to meet customer demand. During the year-to-date period, the Company’s cash and cash equivalents increased $1,160,000 to $121,558,000 compared to $120,398,000 at December 31, 2024. The Company had $20,000,000 in short-term borrowings at September 30, 2025 compared to $133,442,000 at December 31, 2024.

At September 30, 2025 and December 31, 2024, the Company had the following sources of primary and secondary liquidity:

Liquidity Sources (in thousands)
September 30, 2025
December 31, 2024
Cash and cash equivalents$121,558 $120,398 
Unpledged investment securities350,057 403,669 
Excess pledged securities84,526 69,866 
FHLB borrowing availability737,720 576,556 
Unsecured lines of credit availability110,000 110,000 
Funds available through FRB discount window3,501 3,828 
Total$1,407,362 $1,284,317 


Credit Quality
During the third quarter of 2025, the Company recorded net loan recoveries of $75,000 compared to $162,000 for the same period in 2024. The net recovery ratio reflects annualized net recoveries to average loans of 0.01% for the quarter ended September 30, 2025, compared to annualized net recoveries of 0.03% for the quarter ended September 30, 2024. During the quarter ended September 30, 2025, the Company recorded a $793,000 provision for loan losses, compared to a $212,000 credit for loan losses for the quarter ended September 30, 2024. In addition to the provision for credit losses on loans for the quarter ended September 30, 2025, the Company recorded a credit to the provision for credit losses on held-to-maturity securities of $62,000 as compared to a credit to the provision of $219,000 in the prior year quarter. The Company recorded a credit to the provision for unfunded loan commitments totaling $64,000 for the quarter ended September 30, 2025 compared to a credit to the provision of $87,000 in the prior year quarter.

The following table shows the Company’s loan portfolio, net of deferred costs, allocated by management’s internal risk ratings:
Loan Risk Rating (In thousands)September 30, 2025% of TotalJune 30, 2025% of TotalSeptember 30, 2024% of Total
Pass$2,359,148 96.3 %$2,320,608 96.7 %$2,228,707 97.0 %
Special mention24,925 1.0 %19,706 0.8 %28,799 1.3 %
Substandard67,069 2.7 %59,073 2.5 %39,637 1.7 %
Doubtful— — — 
Total$2,451,142 100.0 %$2,399,387 100.0 %$2,297,143 100.0 %
At September 30, 2025, the allowance for credit losses for loans was $29,590,000, compared to $25,803,000 at December 31, 2024, a net increase of $3,787,000 reflecting a provision for loan losses of $3,601,000 and net recoveries during the period. The allowance for credit losses as a percentage of total loans was 1.21% as of September 30, 2025 compared to 1.11% at December 31, 2024. The Company believes the allowance for credit losses is adequate to provide for expected credit losses within the loan portfolio at September 30, 2025.
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Community West Bancshares -- page 9
Cash Dividend Declared
On October 15, 2025, the Board of Directors of the Company declared a regular quarterly cash dividend of $0.12 per share on the Company’s common stock. The dividend is payable on November 14, 2025 to shareholders of record as of October 31, 2025. The Company continues to be well capitalized and expects to maintain adequate capital levels.

Company Overview
Community West Bancshares (“Company”) (NASDAQ: CWBC) and its wholly owned subsidiary, Community West Bank (“Bank”), are headquartered in Fresno, California. The Company was established in 1979 with the vision to help businesses and communities by exceeding expectations at every opportunity, and opened its first Banking Center on January 10, 1980. Today, the Bank operates full-service Banking Centers throughout Central California and maintains a variety of departments supporting Commercial Lending, Agribusiness, SBA, Residential Construction and Mortgage, Manufactured Housing, Private Banking and Cash Management.

Members of the Company and Bank Board of Directors are: Daniel J. Doyle (Chairman), Robert H. Bartlein (Vice Chairman), James J. Kim (CEO of the Company and President and CEO of the Bank), Martin E. Plourd (President of the Company), Suzanne M. Chadwick, Daniel N. Cunningham, Tom L. Dobyns, F.T. “Tommy” Elliott IV, Robert J. Flautt, James W. Lokey, Andriana D. Majarian, Steven D. McDonald, Dorothea D. Silva, William S. Smittcamp and Kirk B. Stovesand. Louis C. McMurray is Director Emeritus.

More information about Community West Bancshares and Community West Bank can be found at www.communitywestbank.com. Also, follow the Company on LinkedIn, X and Facebook.

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Community West Bancshares -- page 10

Forward-looking Statements- Certain matters set forth herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including forward-looking statements relating to the Company’s current business plans and expectations regarding future operating results. Forward-looking statements may include, but are not limited to, the use of forward-looking language, such as “likely result in,” “expects,” “anticipates,” “estimates,” “forecasts,” “projects,” “intends to,” or may include other similar words or phrases, such as “believes,” “plans,” “trend,” “objective,” “continues,” “remains,” or similar expressions, or future or conditional verbs, such as “will,” “would,” “should,” “could,” “may,” “might,” “can,” or similar verbs. These forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those projected. These risks and uncertainties, some of which are beyond our control, include, but are not limited to: current and future business, economic and market conditions in the United States generally or in the communities we serve, including the effects of declines in property values and overall slowdowns in economic growth should these events occur; inflationary pressures and changes in the interest rate environment that reduce our margins and yields, the fair value of financial instruments or our level of loan originations, or increase the level of defaults, losses and prepayments on loans we have made and make, whether held in the portfolio or in the secondary market; effects of and changes in trade, monetary and fiscal policies and laws, including the interest rate policies of the Federal Open Market Committee of the Federal Reserve Board; geopolitical and domestic political developments including the imposition of tariffs, that can increase levels of political and economic unpredictability, contribute to rising energy and commodity prices, and increase the volatility of financial markets; changes in the level of nonperforming assets and charge offs and other credit quality measures, and their impact on the adequacy of our allowance for credit losses and our provision for credit losses; factors that can impact the performance of our loan portfolio, including real estate values and liquidity in our primary market areas, the financial health of our commercial borrowers, and the success of construction projects that we finance; our ability to achieve loan growth and attract deposits in our market area, the impact of the cost of deposits and our ability to retain deposits; liquidity issues, including fluctuations in the fair value and liquidity of the securities we hold for sale and our ability to raise additional capital, if necessary; continued or increasing competition from other financial institutions, credit unions, and non-bank financial services companies; challenges arising from attempts to expand into new geographic markets, products, or services; restraints on the ability of Community West Bank to pay dividends to us, which could limit our liquidity; increased capital requirements imposed by banking regulators, which may require us to raise capital at a time when capital is not available on favorable terms or at all; inaccuracies in our assumptions about future events, which could result in material differences between our financial projections and actual financial performance; changes in our management personnel or our inability to retain, motivate and hire qualified management personnel; disruptions, security breaches, or other adverse events, failures or interruptions in, or attacks on, our information technology systems; disruptions, security breaches, or other adverse events affecting the third-party vendors who perform critical processing functions; an inability to keep pace with the rate of technological advances due to a lack of resources to invest in new technologies; natural disasters, such as earthquakes, wildfires, drought, pandemic diseases (such as the coronavirus) or extreme weather events, any of which may affect services we use or affect our customers, employees or third parties with which we conduct business; compliance with governmental and regulatory requirements, relating to banking, consumer protection, securities and tax matters; and our ability to the manage the foregoing.

The foregoing factors should not be construed as exhaustive and should be read together with the other cautionary statements included in this report. Because of these risks and other uncertainties, our actual future results, performance or achievement, or industry results, may be materially different from the results indicated by the forward looking statements in this report. In addition, our past results of operations are not necessarily indicative of our future results. You should not rely on any forward looking statements, which represent our beliefs, assumptions and estimates only as of the dates on which they were made, as predictions of future events. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.

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Community West Bancshares -- page 11
COMMUNITY WEST BANCSHARES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
September 30,
December 31,
September 30,
(In thousands, except share amounts)202520242024
ASSETS
Cash and due from banks$39,823 $28,029 $44,418 
Interest-earning deposits in other banks81,735 92,369 104,595 
Total cash and cash equivalents121,558 120,398 149,013 
Available-for-sale debt securities, at fair value, net of allowance for credit losses of $0, with an amortized cost of $515,880 at September 30, 2025, $536,334 at December 31, 2024, and $553,963 at September 30, 2024
473,075 477,113 503,964 
Held-to-maturity debt securities, at amortized cost less allowance for credit losses of $724 at September 30, 2025, $1,156 at December 31, 2024, and $857 at September 30, 2024
287,082 301,359 301,920 
Equity securities, at fair value6,769 6,586 6,790 
Loans, less allowance for credit losses of $29,590 at September 30, 2025, $25,803 at December 31, 2024, and $24,891 at September 30, 2024
2,421,552 2,308,418 2,272,252 
Bank premises and equipment, net23,569 24,469 23,524 
Bank owned life insurance53,783 53,319 51,515 
Federal Home Loan Bank stock10,978 10,978 10,978 
Goodwill96,828 96,828 96,379 
Core deposit intangibles8,516 9,268 9,518 
Accrued interest receivable and other assets108,554 113,035 105,445 
Total assets$3,612,264 $3,521,771 $3,531,298 
LIABILITIES AND SHAREHOLDERS’ EQUITY 
Deposits:
Non-interest bearing$1,091,817 $980,824 $1,076,423 
Interest bearing1,984,114 1,929,953 1,845,272 
Total deposits3,075,931 2,910,777 2,921,695 
Borrowings20,000 133,442 132,508 
Senior debt and subordinated debentures69,998 69,889 69,853 
Accrued interest payable and other liabilities48,759 44,978 43,727 
Total liabilities3,214,688 3,159,086 3,167,783 
Shareholders’ equity:
Preferred stock, no par value; 10,000,000 shares authorized, none issued and outstanding
— — — 
Common stock, no par value; 80,000,000 shares authorized; issued and outstanding: 19,138,677 at September 30, 2025, 18,974,647 at December 31, 2024, and 18,945,593 at September 30, 2024
209,671 207,816 207,164 
Retained earnings230,119 209,984 205,362 
Accumulated other comprehensive loss, net of tax(42,214)(55,115)(49,011)
Total shareholders’ equity397,576 362,685 363,515 
Total liabilities and shareholders’ equity$3,612,264 $3,521,771 $3,531,298 

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Community West Bancshares -- page 12
COMMUNITY WEST BANCSHARES
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)    
For the Three Months Ended For the Nine Months Ended
September 30,June 30,September 30,September 30,September 30,
(In thousands, except share and per-share amounts)20252025202420252024
INTEREST INCOME:
Interest and fees on loans$40,384 $39,537 $37,422 $118,346 $91,919 
Interest on deposits in other banks1,149 1,054 1,537 3,259 3,044 
Interest and dividends on investment securities:
Taxable4,082 4,127 4,954 12,560 15,782 
Exempt from Federal income taxes1,273 1,307 1,372 3,887 4,164 
Total interest income46,888 46,025 45,285 138,052 114,909 
INTEREST EXPENSE:
Interest on deposits10,785 10,539 12,493 31,711 29,778 
Interest on borrowings251 1,281 1,660 3,205 4,039 
Interest on senior debt and subordinated debentures908 901 918 2,705 2,749 
Total interest expense11,944 12,721 15,071 37,621 36,566 
Net interest income before provision (credit) for credit losses34,944 33,304 30,214 100,431 78,343 
PROVISION (CREDIT) FOR CREDIT LOSSES667 2,613 (518)3,239 9,889 
Net interest income after provision (credit) for credit losses34,277 30,691 30,732 97,192 68,454 
NON-INTEREST INCOME: 
Service charges519 505 478 1,526 1,342 
Net realized losses on sales and calls of investment securities(26)(15)(1,853)(41)(4,199)
Other income2,473 1,874 2,480 6,456 6,999 
Total non-interest income2,966 2,364 1,105 7,941 4,142 
NON-INTEREST EXPENSES:
Salaries and employee benefits12,525 12,260 13,710 37,744 35,800 
Occupancy and equipment2,933 2,794 2,687 8,554 6,653 
Other expense6,709 7,242 11,280 21,636 29,060 
Total non-interest expenses22,167 22,296 27,677 67,934 71,513 
Income before provision for income taxes15,076 10,759 4,160 37,199 1,083 
PROVISION FOR INCOME TAXES4,203 2,927 775 10,201 312 
Net income$10,873 $7,832 $3,385 $26,998 $771 
Net income per common share:
Basic earnings per common share$0.57 $0.41 $0.18 $1.42 $0.05 
Weighted average common shares used in basic computation19,019,990 18,987,217 18,843,606 18,980,661 16,478,049 
Diluted earnings per common share$0.57 $0.41 $0.18 $1.42 $0.05 
Weighted average common shares used in diluted computation19,093,544 19,042,750 18,965,434 19,051,291 16,575,361 
Cash dividends per common share$0.12 $0.12 $0.12 $0.36 $0.36 
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Community West Bancshares -- page 13
COMMUNITY WEST BANCSHARES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
Sept. 30Jun. 30Mar. 31,Dec. 31,Sept. 30,
For the three months ended20252025202520242024
(In thousands, except share and per share amounts)
Net interest income$34,944 $33,304 $32,182 $32,024 $30,214 
Provision (credit) for credit losses667 2,613 (41)1,224 (518)
Net interest income after provision (credit) for credit losses34,277 30,691 32,223 30,800 30,732 
Total non-interest income2,966 2,364 2,611 2,303 1,105 
Total non-interest expense22,167 22,296 23,470 23,188 27,677 
Provision for income taxes4,203 2,927 3,071 3,020 775 
Net income$10,873 $7,832 $8,293 $6,895 $3,385 
Basic earnings per common share$0.57 $0.41 $0.44 $0.37 $0.18 
Weighted average common shares used in basic computation19,019,990 18,987,217 18,933,830 18,860,895 18,843,606 
Diluted earnings per common share$0.57 $0.41 $0.44 $0.36 $0.18 
Weighted average common shares used in diluted computation19,093,544 19,042,750 19,014,773 18,981,835 18,965,434 





























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Community West Bancshares -- page 14
COMMUNITY WEST BANCSHARES
SELECTED RATIOS
(Unaudited)
Sept. 30,Jun. 30,Mar. 31,Dec. 31,Sept. 30,
As of and for the three months ended20252025202520242024
(Dollars in thousands, except per share amounts)
Allowance for credit losses to total loans1.21 %1.20 %1.11 %1.11 %1.08 %
Non-performing assets to total assets0.20 %0.20 %0.20 %0.18 %0.09 %
Total non-performing assets$7,072 $6,769 $6,936 $6,461 $3,250 
Total nonaccrual loans$7,072 $6,769 $6,936 $6,461 $3,250 
Total substandard loans$67,069 $59,073 $47,605 $44,294 $39,637 
Total special mention loans$24,925 $19,706 $17,209 $17,384 $28,799 
Net loan (recoveries) charge-offs$(75)$13 $(125)$59 $(162)
Net (recoveries) charge-offs to average loans (annualized)(0.01)%— %(0.02)%0.01 %(0.03)%
Book value per share$20.77 $19.86 $19.53 $19.11 $19.19 
Tangible book value per share (1)$15.27 $14.34 $13.97 $13.52 $13.60 
Total equity$397,576$380,002$371,937$362,685$363,515
Tangible common equity (1)$292,232$274,407$266,092$256,589$257,618
Cost of total deposits1.39 %1.43 %1.45 %1.49 %1.69 %
Interest and dividends on investment securities exempt from Federal income taxes$1,273 $1,307 $1,307 $1,319 $1,372 
Net interest margin (calculated on a fully tax equivalent basis) (2)4.20 %4.10 %4.04 %3.95 %3.69 %
Return on average assets (3)1.21 %0.88 %0.94 %0.78 %0.38 %
Return on average equity (3)11.25 %8.30 %8.97 %7.55 %3.84 %
Loan to deposit ratio79.66 %80.12 %80.13 %80.19 %78.62 %
Efficiency ratio58.47 %62.51 %67.38 %67.55 %88.37 %
Tier 1 leverage - Bancorp9.52 %9.48 %9.36 %9.17 %9.38 %
Tier 1 leverage - Bank11.24 %11.25 %11.12 %10.94 %11.24 %
Common equity tier 1 - Bancorp11.60 %11.42 %11.39 %11.15 %11.12 %
Common equity tier 1 - Bank13.90 %13.76 %13.75 %13.54 %13.55 %
Tier 1 risk-based capital - Bancorp11.77 %11.59 %11.57 %11.33 %11.30 %
Tier 1 risk-based capital - Bank13.90 %13.76 %13.75 %13.54 %13.55 %
Total risk-based capital - Bancorp14.07 %13.89 %13.82 %13.58 %13.55 %
Total risk based capital - Bank14.99 %14.84 %14.75 %14.54 %14.53 %
(1) Non-GAAP measure. See reconciliation of GAAP and Non-GAAP Financial Measures.
(2) Net Interest Margin is computed by dividing annualized quarterly net interest income by quarterly average interest-bearing assets.
(3) Computed by annualizing quarterly net income.
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Community West Bancshares -- page 15
COMMUNITY WEST BANCSHARES
SCHEDULE OF AVERAGE BALANCES AND AVERAGE YIELDS AND RATES
(Unaudited)

 
For the Three Months Ended
September 30, 2025
For the Three Months Ended
June 30, 2025
For the Three Months Ended
September 30, 2024
(Dollars in thousands)Average
Balance		Interest
Income/
Expense		Average
Interest
Rate		Average
Balance		Interest
Income/
Expense		Average
Interest
Rate		Average
Balance		Interest
Income/
Expense		Average
Interest
Rate
ASSETS      
Interest-earning deposits in other banks$104,344 $1,149 4.40 %$96,136 $1,054 4.39 %$118,906 $1,537 5.17 %
Securities
Taxable securities580,463 4,082 2.81 %590,791 4,127 2.79 %645,319 4,954 3.07 %
Non-taxable securities (1)238,353 1,611 2.70 %239,197 1,654 2.77 %250,105 1,736 2.78 %
Total investment securities818,816 5,693 2.78 %829,988 5,781 2.79 %895,424 6,690 2.99 %
Total securities and interest-earning deposits923,160 6,842 2.96 %926,124 6,835 2.95 %1,014,330 8,227 3.24 %
Loans (2) (3)2,410,272 40,384 6.65 %2,364,456 39,537 6.71 %2,278,313 37,422 6.53 %
Total interest-earning assets3,333,432 $47,226 5.62 %3,290,580 $46,372 5.65 %3,292,643 $45,649 5.52 %
Allowance for credit losses(28,758)  (26,151)(25,040)  
Non-accrual loans6,883   5,869 1,732   
Cash and due from banks35,484   35,607 32,303   
Bank premises and equipment23,963   23,939 21,602   
Other assets224,355   223,483 218,204   
Total average assets$3,595,359   $3,553,327 $3,541,444   
LIABILITIES AND SHAREHOLDERS’ EQUITY      
Interest-bearing liabilities:      
Savings and NOW accounts$618,022 $1,220 0.78 %$601,559 $1,034 0.69 %$476,620 $249 0.21 %
Money market accounts861,403 4,953 2.28 %876,609 5,070 2.32 %887,843 6,501 2.91 %
Time certificates of deposit491,985 4,612 3.72 %463,151 4,434 3.84 %479,944 5,743 4.76 %
Total interest-bearing deposits1,971,410 10,785 2.17 %1,941,319 10,538 2.18 %1,844,407 12,493 2.69 %
Other borrowed funds92,325 1,159 4.91 %167,636 2,183 5.15 %202,676 2,578 5.09 %
Total interest-bearing liabilities2,063,735 $11,944 2.30 %2,108,955 $12,721 2.42 %2,047,083 $15,071 2.93 %
Non-interest bearing demand deposits1,098,889   1,021,513 1,090,544   
Other liabilities46,235   45,446 50,799   
Shareholders’ equity386,500   377,413 353,018   
Total average liabilities and shareholders’ equity$3,595,359   $3,553,327 $3,541,444   
Interest income and rate earned on average earning assets $47,226 5.62 %$46,372 5.65 % $45,649 5.52 %
Interest expense and interest cost related to average interest-bearing liabilities 11,944 2.30 %12,721 2.42 % 15,071 2.93 %
Net interest income and net interest margin (4) $35,282 4.20 %$33,651 4.10 % $30,578 3.69 %

(1)    Calculated on a fully tax equivalent basis, which includes Federal tax benefits relating to income earned on municipal bonds totaling $338, $347, and $365 at September 30, 2025, June 30, 2025, and September 30, 2024, respectively.
(2)    Loan interest income includes net loan (costs) fees of $(44), $217, and $(294) at September 30, 2025, June 30, 2025, and September 30, 2024, respectively.
(3)    Average loans do not include non-accrual loans but do include interest income recovered from previously charged off loans.
(4)    Net interest margin is computed by dividing net interest income by total average interest-earning assets.













Community West Bancshares -- page 16


 
For the Nine Months Ended
September 30, 2025
For the Nine Months Ended
September 30, 2024
(Dollars in thousands)Average
Balance		Interest
Income/
Expense		Average
Interest
Rate		Average
Balance		Interest
Income/
Expense		Average
Interest
Rate
ASSETS   
Interest-earning deposits in other banks$97,939 $3,259 4.44 %$75,457 $3,044 5.36 %
Securities
Taxable securities591,147 12,560 2.83 %680,516 15,782 3.08 %
Non-taxable securities (1)239,179 4,921 2.74 %252,516 5,271 2.77 %
Total investment securities830,326 17,481 2.81 %933,032 21,053 3.00 %
Total securities and interest-earning deposits928,265 20,740 2.98 %1,008,489 24,097 3.17 %
Loans (2) (3)2,367,824 118,346 6.68 %1,869,985 91,919 6.57 %
Total interest-earning assets3,296,089 $139,086 5.64 %2,878,474 $116,016 5.38 %
Allowance for credit losses(26,933)  (21,872)
Non-accrual loans6,306   834 
Cash and due from banks35,669   28,107 
Bank premises and equipment24,075   18,974 
Other assets224,046   173,658 
Total average assets$3,559,252   $3,078,175 
LIABILITIES AND SHAREHOLDERS’ EQUITY   
Interest-bearing liabilities:   
Savings and NOW accounts$602,208 $3,113 0.69 %$459,852 $714 0.21 %
Money market accounts870,260 15,123 2.32 %726,613 15,070 2.77 %
Time certificates of deposit468,520 13,475 3.85 %367,266 13,994 5.09 %
Total interest-bearing deposits1,940,988 31,711 2.18 %1,553,731 29,778 2.56 %
Other borrowed funds154,957 5,910 5.09 %168,684 6,788 5.35 %
Total interest-bearing liabilities2,095,945 $37,621 2.40 %1,722,415 $36,566 2.83 %
Non-interest bearing demand deposits1,039,444   1,018,611 
Other liabilities45,826   36,270 
Shareholders’ equity378,037   300,879 
Total average liabilities and shareholders’ equity$3,559,252   $3,078,175 
Interest income and rate earned on average earning assets $139,086 5.64 %$116,016 5.38 %
Interest expense and interest cost related to average interest-bearing liabilities 37,621 2.40 %36,566 2.83 %
Net interest income and net interest margin (4) $101,465 4.12 %$79,450 3.69 %

(1)    Calculated on a fully tax equivalent basis, which includes Federal tax benefits relating to income earned on municipal bonds totaling $1,034 and $1,107 at September 30, 2025 and September 30, 2024, respectively.
(2)    Loan interest income includes net loan fees (costs) of $272 and $(505) at September 30, 2025 and September 30, 2024, respectively.
(3)    Average loans do not include non-accrual loans but do include interest income recovered from previously charged off loans.
(4)    Net interest margin is computed by dividing net interest income by total average interest-earning assets.


CONTACTS: Investor Contact:                     Media Contact:
Shannon Livingston                    Debbie Nalchajian-Cohen
Executive Vice President, Chief Financial Officer        Public Relations
Community West Bancshares                559-222-1322
916-235-4617