CW Bancorp Reports Second Quarter 2025 Financial Results
CW Bancorp (OTCQX: CWBK) reported solid Q2 2025 financial results with net income of $3.1 million or $1.02 per diluted share, showing a 2% EPS increase year-over-year. The bank demonstrated strong growth with total loans up 13% to $811.1 million and deposits increasing 4% to $1.03 billion compared to Q2 2024.
Key performance metrics include a net interest margin of 3.82%, ROA of 1.12%, and ROE of 13.95%. The bank maintains a strong capital position with a total risk-based capital ratio of 18.08% and tier 1 leverage ratio of 12.68%. Non-interest-bearing deposits represent 58% of total deposits, reflecting a stable funding base.
The bank's efficiency ratio increased slightly to 61.34% from 60.28% year-over-year, while maintaining its streak of 62 consecutive profitable quarters.
CW Bancorp (OTCQX: CWBK) ha riportato solidi risultati finanziari nel secondo trimestre del 2025 con un utile netto di 3,1 milioni di dollari, pari a 1,02 dollari per azione diluita, registrando un aumento del 2% dell'EPS rispetto all'anno precedente. La banca ha mostrato una forte crescita con prestiti totali in aumento del 13% a 811,1 milioni di dollari e depositi cresciuti del 4% a 1,03 miliardi di dollari rispetto al secondo trimestre del 2024.
Le principali metriche di performance includono un margine di interesse netto del 3,82%, un ROA dell'1,12% e un ROE del 13,95%. La banca mantiene una solida posizione patrimoniale con un rapporto totale di capitale basato sul rischio del 18,08% e un rapporto di leva Tier 1 del 12,68%. I depositi senza interessi rappresentano il 58% del totale dei depositi, evidenziando una base di finanziamento stabile.
Il rapporto di efficienza 猫 aumentato leggermente al 61,34% rispetto al 60,28% dell'anno precedente, mantenendo la sua serie di 62 trimestri consecutivi di profitti.
CW Bancorp (OTCQX: CWBK) report贸 s贸lidos resultados financieros en el segundo trimestre de 2025 con un ingreso neto de 3,1 millones de d贸lares, o 1,02 d贸lares por acci贸n diluida, mostrando un aumento del 2% en las ganancias por acci贸n a帽o tras a帽o. El banco demostr贸 un fuerte crecimiento con pr茅stamos totales que aumentaron un 13% hasta 811,1 millones de d贸lares y dep贸sitos que crecieron un 4% hasta 1,03 mil millones de d贸lares en comparaci贸n con el segundo trimestre de 2024.
Las m茅tricas clave de desempe帽o incluyen un margen neto de inter茅s del 3,82%, un ROA del 1,12% y un ROE del 13,95%. El banco mantiene una s贸lida posici贸n de capital con un 铆ndice total de capital basado en riesgo del 18,08% y un 铆ndice de apalancamiento Tier 1 del 12,68%. Los dep贸sitos sin intereses representan el 58% del total de dep贸sitos, reflejando una base de financiamiento estable.
El 铆ndice de eficiencia aument贸 ligeramente a 61,34% desde 60,28% a帽o tras a帽o, mientras mantiene su racha de 62 trimestres consecutivos de rentabilidad.
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欤检殧 靹标臣 歆�響滊電� 靾滌澊鞛愲歆� 3.82%, 鞛愳偘靾橃澋毳�(ROA) 1.12%, 鞛愱赴鞛愲掣鞚挫澋毳�(ROE) 13.95%臧� 鞛堨姷雼堧嫟. 鞚�頄夓潃 齑� 鞙勴棙旮半皹鞛愲掣牍勳湪 18.08%鞕赌 Tier 1 霠堧矂毽 牍勳湪 12.68%搿� 臧曤牓頃� 鞛愲掣 靸來儨毳� 鞙犾頃橁碃 鞛堨姷雼堧嫟. 牍勳澊鞛� 鞓堦笀鞚� 鞝勳泊 鞓堦笀鞚� 58%毳� 彀頃橃棳 鞎堨爼鞝侅澑 鞛愱笀 旮半皹鞚� 氚橃榿頃╇媹雼�.
鞚�頄夓潣 須湪靹� 牍勳湪鞚� 鞝勲厔 雽�牍� 60.28%鞐愳劀 靻岉彮 靸侅姽頃� 61.34%毳� 旮半頄堨溂氅�, 62攵勱赴 鞐办啀 頋戩瀽 旮半鞚� 鞙犾頄堨姷雼堧嫟.
CW Bancorp (OTCQX : CWBK) a publi茅 des r茅sultats financiers solides pour le deuxi猫me trimestre 2025 avec un b茅n茅fice net de 3,1 millions de dollars soit 1,02 dollar par action dilu茅e, affichant une augmentation de 2 % du BPA par rapport 脿 l'ann茅e pr茅c茅dente. La banque a montr茅 une forte croissance avec des pr锚ts totaux en hausse de 13 % 脿 811,1 millions de dollars et des d茅p么ts en hausse de 4 % 脿 1,03 milliard de dollars par rapport au deuxi猫me trimestre 2024.
Les indicateurs cl茅s de performance comprennent une marge d'int茅r锚t nette de 3,82 %, un ROA de 1,12 % et un ROE de 13,95 %. La banque maintient une position de capital solide avec un ratio de capital total bas茅 sur le risque de 18,08 % et un ratio de levier de cat茅gorie 1 de 12,68 %. Les d茅p么ts sans int茅r锚t repr茅sentent 58 % du total des d茅p么ts, refl茅tant une base de financement stable.
Le ratio d'efficacit茅 a l茅g猫rement augment茅 脿 61,34 % contre 60,28 % l'ann茅e pr茅c茅dente, tout en maintenant sa s茅rie de 62 trimestres cons茅cutifs b茅n茅ficiaires.
CW Bancorp (OTCQX: CWBK) meldete solide Finanzergebnisse f眉r das zweite Quartal 2025 mit einem Nettoeinkommen von 3,1 Millionen US-Dollar bzw. 1,02 US-Dollar je verw盲sserter Aktie, was einem EPS-Anstieg von 2 % im Jahresvergleich entspricht. Die Bank verzeichnete ein starkes Wachstum mit Gesamtkrediten, die um 13 % auf 811,1 Millionen US-Dollar stiegen, und Einlagen, die um 4 % auf 1,03 Milliarden US-Dollar zunahmen im Vergleich zum zweiten Quartal 2024.
Wichtige Leistungskennzahlen umfassen eine Nettozinsmarge von 3,82 %, eine Gesamtkapitalrendite (ROA) von 1,12 % sowie eine Eigenkapitalrendite (ROE) von 13,95 %. Die Bank h盲lt eine starke Kapitalausstattung mit einer Gesamt-Risikobasiskapitalquote von 18,08 % und einer Tier-1-Leverage-Ratio von 12,68 %. Nicht verzinsliche Einlagen machen 58 % der Gesamteinlagen aus, was eine stabile Finanzierungsbasis widerspiegelt.
Die Effizienzquote stieg leicht auf 61,34 % gegen眉ber 60,28 % im Vorjahreszeitraum, w盲hrend die Bank ihre Serie von 62 aufeinanderfolgenden profitablen Quartalen 产别颈产别丑盲濒迟.
- 13% year-over-year loan growth to $811.1 million
- 4% deposit growth to $1.03 billion
- Strong capital ratios with total risk-based capital at 18.08%
- 58% of deposits are non-interest-bearing
- Net interest income increased 3% year-over-year
- 62 consecutive quarters of profitability
- No outstanding FRB or FHLB borrowings
- Efficiency ratio increased to 61.34% from 60.28%
- ROE declined to 13.95% from 16.10% year-over-year
- Non-performing assets increased to $8.58 million from $4.75 million year-over-year
- Net income remained flat at $3.08 million year-over-year
Key Financial Results for the three months ended June 30, 2025:
- EPS of
$1.02 - Return on Assets of
1.12% - Return on Tangible Equity of
14.45% - Net interest income growth of
3% - ACL to total loans ratio of
1.41% - No outstanding听FRB or FHLB borrowings
- Non-interest-bearing deposits to total deposits of
58% - Strong leverage ratio of
12.68% and total risk-based capital ratio of18.08% - 62 quarters of consecutive profits
Key Financial Results for the six months ended June 30, 2025:
- EPS of
$1.99 - Return on Assets of
1.09% - Return on Tangible Equity of
14.31% - Net interest income growth of
6% 13% loan growth year over year4% deposit growth year over year5% total asset growth year over year
Mr. Ivo Tjan, Chairman and CEO commented, "The Bank reported a solid quarterly result, including double digit loan growth of
Total assets increased
Total assets increased
Total deposits increased
Interest income was
Interest income was
Net interest income for the three months ended June 30, 2025, was
Provision for credit losses for the three months ended June 30, 2025, was
Non-interest income for the three months ended June 30, 2025, was
Non-interest expense for the three months ended June 30, 2025, was
The efficiency ratio for the three months ended June 30, 2025, was
Capital ratios for the Bank remain above the levels required for a "well capitalized" institution as designated by regulatory agencies.听 As of June 30, 2025, the tier 1 leverage ratio was
CommerceWest Bank is determined to redefine banking for small and medium sized businesses by delivering on customized products and services. 听Founded in 2001 and headquartered in
Mission Statement: will create a complete banking experience for each client, catering to businesses and their specific banking needs, while accommodating our clients and providing them high-quality, low stress and personally tailored banking and financial services.听
Please visit to learn more about the bank.听 "BANK ON THE DIFFERENCE"
Statements concerning future performance, developments or events, expectations for growth and income forecasts, and any other guidance on future periods, constitute forward-looking statements that are subject to a number of risks and uncertainties.听 Actual results may differ materially from stated expectations.听 Specific factors include, but are not limited to, loan production, balance sheet management, expanded net interest margin, the ability to control costs and expenses, interest rate changes, financial policies of
听
SECOND QUARTER REPORT - JUNE 30, 2025 (Unaudited) | ||||||||
CW BANCORP | % | |||||||
CONSOLIDATED BALANCE SHEET | Increase | |||||||
(dollars in thousands) | June 30, 2025 | June 30, 2024 | (Decrease) | |||||
ASSETS | ||||||||
Cash and due from banks | $听听听听听听听听听听听听听听听听听 182,673 | $听听听听听听听听听听听听听听听听听 228,574 | -20听% | |||||
Securities available for sale | 132,206 | 121,232 | 9听% | |||||
Securities held-to-maturity | 26,528 | 35,037 | -24听% | |||||
Loans听 | 811,093 | 716,953 | 13听% | |||||
听 Less allowance for credit losses (ACL) | (11,444) | (11,489) | 0听% | |||||
Loans, net | 799,649 | 705,464 | 13听% | |||||
Bank premises and equipment, net | 3,102 | 3,984 | -22听% | |||||
Other assets | 37,527 | 36,234 | 4听% | |||||
听听听听 Total assets | $听听听听听听听听听听听听听听 1,181,685 | $听听听听听听听听听听听听听听 1,130,525 | 5听% | |||||
LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
Non-interest bearing deposits | $听听听听听听听听听听听听听听听听听 602,080 | $听听听听听听听听听听听听听听听听听 582,750 | 3听% | |||||
Interest bearing deposits | 427,558 | 404,226 | 6听% | |||||
听听听听 Total deposits | 1,029,638 | 986,976 | 4听% | |||||
Subordinated debenture | 50,000 | 50,000 | 0听% | |||||
Other liabilities | 12,622 | 13,342 | -5听% | |||||
1,092,260 | 1,050,318 | 4听% | ||||||
Stockholders' equity | 89,425 | 80,207 | 11听% | |||||
听听听听 Total liabilities and stockholders' equity | $听听听听听听听听听听听听听听 1,181,685 | $听听听听听听听听听听听听听听 1,130,525 | 5听% | |||||
Shares outstanding at end of period | 2,971,252 | 3,012,375 | ||||||
Book value per share | $听听听听听听听听听听听听听听听听听听听听听 33.29 | $听 听 听 听 听 听 听 听 听 听 听 29.92 | ||||||
Total loans to total deposits | 78.77听% | 72.64听% | ||||||
ACL to total loans | 1.41听% | 1.60听% | ||||||
Nonperforming assets (non-accrual loans & OREO) | $听听听听听听听听听听听听听听听听听听听听听 8,579 | $听 听 听 听 听 听 听 听 听 听 听 4,746 | ||||||
COMMERCEWEST BANK CAPITAL RATIOS: | ||||||||
Tier 1 leverage ratio | 12.68听% | 12.06听% | ||||||
Common equity tier 1 capital ratio | 16.83听% | 18.41听% | ||||||
Tier 1 risk-based capital ratio | 16.83听% | 18.41听% | ||||||
Total risk-based capital ratio | 18.08听% | 19.67听% | ||||||
听
CW BANCORP | |||||||||||||
CONSOLIDATED STATEMENT OF INCOME (Unaudited) | Three Months Ended | Increase | For the Six Months Ended | Increase | |||||||||
(dollars in thousands except share and per share data) | June 30, 2025 | June 30, 2024 | (Decrease) | June 30, 2025 | June 30, 2024 | (Decrease) | |||||||
INTEREST INCOME | |||||||||||||
听 Loans | $听听听听听听听听听 11,193 | $听听听听听听听听听听听 9,981 | 12听% | $听听听听听听听听听 22,174 | $听听听听听听听听听 19,790 | 12听% | |||||||
听 Investments | 1,303 | 1,175 | 11听% | 2,641 | 2,292 | 15听% | |||||||
听 Fed funds sold and other | 1,175 | 2,188 | -46听% | 2,293 | 3,503 | -35听% | |||||||
听听听听听听 Total interest income | 13,671 | 13,344 | 2听% | 27,108 | 25,585 | 6听% | |||||||
INTEREST EXPENSE | |||||||||||||
听 Deposits | 3,120 | 3,104 | 1听% | 6,044 | 5,749 | 5听% | |||||||
听 Subordinated debenture | 469 | 469 | 0听% | 938 | 938 | 0听% | |||||||
听听听听听听 Total interest expense | 3,589 | 3,573 | 0听% | 6,982 | 6,687 | 4听% | |||||||
NET INTEREST INCOME BEFORE CREDIT LOSS PROVISION | 10,082 | 9,771 | 3听% | 20,126 | 18,898 | 6听% | |||||||
PROVISION FOR CREDIT LOSSES | 100 | - | - | 100 | - | - | |||||||
Non-interest income: | |||||||||||||
NET INTEREST INCOME AFTER CREDIT LOSS PROVISION | 9,982 | 9,771 | 2听% | 20,026 | 18,898 | 6听% | |||||||
NON-INTEREST INCOME | |||||||||||||
Service Charges and Fees on Deposits | 1,025 | 927 | 11听% | 2,054 | 1,832 | 12听% | |||||||
Other Fees | 310 | 292 | 6听% | 526 | 595 | -12听% | |||||||
NON-INTEREST EXPENSE | 6,987 | 6,661 | 5听% | 14,161 | 12,837 | 10听% | |||||||
EARNINGS BEFORE INCOME TAXES | 4,330 | 4,329 | 0听% | 8,445 | 8,488 | -1听% | |||||||
INCOME TAXES | 1,248 | 1,245 | 0听% | 2,428 | 2,411 | 1听% | |||||||
NET INCOME | $听听听听听听听听听听听 3,082 | $听听听听听听听听听听听 3,084 | 0听% | $听听听听听听听听听听听 6,017 | $听听听听听听听听听听听 6,077 | -1听% | |||||||
Basic earnings per share | $听听听听听听听听听听听听听 1.04 | $听听听听听听听听听听听听听 1.02 | 2听% | $听听听听听听听听听听听听听 2.02 | $听听听听听听听听听听听听听 1.99 | 2听% | |||||||
Diluted earnings per share | $听听听听听听听听听听听听听 1.02 | $听听听听听听听听听听听听听 1.00 | 2听% | $听听听听听听听听听听听听听 1.99 | $听听听听听听听听听听听听听 1.96 | 2听% | |||||||
Return on Assets | 1.12听% | 1.14听% | -2听% | 1.09听% | 1.16听% | -6听% | |||||||
Return on Equity | 13.95听% | 16.10听% | -13听% | 13.81听% | 15.80听% | -13听% | |||||||
Return on Tangible Equity | 14.45听% | 16.77听% | -14听% | 14.31听% | 16.45听% | -13听% | |||||||
Efficiency Ratio | 61.34听% | 60.28听% | 2听% | 62.28听% | 59.86听% | 4听% | |||||||
听
CW BANCORP | |||||||||||
CONSOLIDATED AVERAGE BALANCE SHEET and YIELD ANALYSIS | |||||||||||
Three Months Ended June 30, | |||||||||||
2025 | 2024 | ||||||||||
Average | Interest | Yield / | Average | Interest | Yield / | ||||||
(dollars in thousands) | |||||||||||
INTEREST EARNING ASSETS | |||||||||||
Int Bearing Due from Banks & FFS | $听听听听听听听听 93,499 | $听听听听听听听 1,036 | 4.44听% | $听听听听听听 150,396 | $听听听听听听听 2,049 | 5.48听% | |||||
Investment Securities (1) | 160,551 | 1,362 | 3.40听% | 156,862 | 1,235 | 3.17听% | |||||
Loans | 803,447 | 11,193 | 5.59听% | 721,573 | 9,981 | 5.56听% | |||||
FHLB & Other Stocks | 7,100 | 139 | 7.85听% | 7,100 | 139 | 7.87听% | |||||
Total interest-earning assets | 1,064,597 | 13,730 | 5.17听% | 1,035,931 | 13,404 | 5.20听% | |||||
Noninterest-earning assets | 42,328 | 48,448 | |||||||||
Total assets | $听听听听 1,106,925 | $听听听听 1,084,379 | |||||||||
INTEREST EARNING LIABILITIES | |||||||||||
Interest Bearing Deposits | $听 听 听 听 414,780 | $听听听听听听听 3,120 | 3.02听% | $听听听听听听 380,310 | $听听听听听听听 3,104 | 3.28听% | |||||
Other Borrowings | 1 | - | 4.96听% | 1 | - | 5.66听% | |||||
Subordinated Debenture | 50,000 | 469 | 3.75听% | 50,000 | 469 | 3.75听% | |||||
Total interest-earning liabilities | 464,781 | 3,589 | 3.10听% | 430,311 | 3,573 | 3.34听% | |||||
Noninterest-earning liabilities | |||||||||||
Demand Deposits | 541,198 | 563,105 | |||||||||
Other Liabilities | 12,361 | 13,933 | |||||||||
Shareholders' Equity | 88,585 | 77,030 | |||||||||
Total liabilities and shareholder's equity听 听 听 | $听听听听 1,106,925 | $听听听听 1,084,379 | |||||||||
Net Interest Spread | $听听听听听 10,141 | 2.07听% | $听听听听听听听 9,831 | 1.86听% | |||||||
Net Interest Margin | 3.82听% | 3.82听% | |||||||||
Total Deposits | $听 听 听 听 955,978 | $听听听听听听听 3,120 | 1.31听% | $听听听听听听 943,415 | $听听听听听听听 3,104 | 1.32听% | |||||
Total Funding Costs | $听听听听 1,005,979 | $听听听听听听听 3,589 | 1.43听% | $听听听听听听 993,416 | $听听听听听听听 3,573 | 1.45听% | |||||
(1) Amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate | |||||||||||
听
CW BANCORP | |||||||||||
CONSOLIDATED AVERAGE BALANCE SHEET and YIELD ANALYSIS | |||||||||||
Six Months Ended June 30, | |||||||||||
2025 | 2024 | ||||||||||
Average | Interest | Yield / | Average | Interest | Yield / | ||||||
(dollars in thousands) | |||||||||||
INTEREST EARNING ASSETS | |||||||||||
Int Bearing Due from Banks & FFS | $听听听听听听听听 91,520 | $听听听听听听听 2,017 | 4.44听% | $听听听听听听 118,279 | $听听听听听听听 3,217 | 5.47听% | |||||
Investment Securities (1) | 163,004 | 2,759 | 3.41听% | 158,629 | 2,412 | 3.06听% | |||||
Loans | 800,170 | 22,174 | 5.59听% | 721,422 | 19,790 | 5.52听% | |||||
FHLB & Other Stocks | 7,100 | 276 | 7.84听% | 7,100 | 286 | 8.10听% | |||||
Total interest-earning assets | 1,061,794 | 27,226 | 5.17听% | 1,005,430 | 25,705 | 5.14听% | |||||
Noninterest-earning assets | 46,447 | 47,792 | |||||||||
Total assets | $听听听听 1,108,241 | $听听听听 1,053,222 | |||||||||
INTEREST EARNING LIABILITIES | |||||||||||
Interest Bearing Deposits | $听听听听听听 412,224 | $听听听听听听听 6,044 | 2.96听% | $听听听听听听 359,520 | $听听听听听听听 5,749 | 3.22听% | |||||
Other Borrowings | 1 | - | 4.96听% | 1 | - | 5.66听% | |||||
Subordinated Debenture | 50,000 | 938 | 3.75听% | 50,000 | 938 | 3.75听% | |||||
Total interest-earning liabilities | 462,225 | 6,982 | 3.05听% | 409,521 | 6,687 | 3.28听% | |||||
Noninterest-earning liabilities | |||||||||||
Demand Deposits | 545,561 | 552,319 | |||||||||
Other Liabilities | 12,591 | 14,021 | |||||||||
Shareholders' Equity | 87,864 | 77,361 | |||||||||
Total liabilities and shareholder's equity听 听 听 | $听听听听 1,108,241 | $听听听听 1,053,222 | |||||||||
Net Interest Spread | $听听听听听 20,244 | 2.12听% | $听听听听听 19,018 | 1.86听% | |||||||
Net Interest Margin | 3.84听% | 3.80听% | |||||||||
Total Deposits | $听听听听听听 957,785 | $听听听听听听听 6,044 | 1.27听% | $听听听听听听 911,839 | $听听听听听听听 5,749 | 1.27听% | |||||
Total Funding Costs | $听听听听 1,007,786 | $听听听听听听听 6,982 | 1.40听% | $听听听听听听 961,840 | $听听听听听听听 6,687 | 1.40听% | |||||
(1) Amounts calculated on a fully taxable equivalent basis using the current statutory federal tax rate | |||||||||||
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SOURCE CW Bancorp
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