Pacific West Bancorp ("PWBK") Announces Second Quarter Financial Results
Pacific West Bancorp (PWBK) reported strong Q2 2025 financial results, with net income reaching $130 thousand ($0.05 per diluted share), marking a 60.8% increase from Q1 2025 and a 143.8% surge year-over-year.
Key highlights include deposit growth of $28.0 million (9.6%) quarter-over-quarter to $318.6 million, and a significant 28.7% year-over-year increase. The bank reduced FHLB borrowings by $9.6 million and improved its net interest income by 26.6% year-over-year. Gross loans reached $260.4 million, with new loan originations of $9.9 million at a 6.84% weighted rate.
The bank maintains a strong capital position with a community bank leverage ratio of 10.15% and total shareholders' equity of $34.6 million.
Pacific West Bancorp (PWBK) ha riportato risultati finanziari solidi nel secondo trimestre del 2025, con un utile netto pari a 130 mila dollari (0,05 dollari per azione diluita), segnando un aumento del 60,8% rispetto al primo trimestre del 2025 e una crescita del 143,8% su base annua.
I punti salienti includono una crescita dei depositi di 28,0 milioni di dollari (9,6%) trimestre su trimestre, raggiungendo 318,6 milioni di dollari, con un significativo incremento del 28,7% su base annua. La banca ha ridotto i prestiti FHLB di 9,6 milioni di dollari e migliorato il proprio reddito netto da interessi del 26,6% su base annua. I prestiti lordi hanno raggiunto 260,4 milioni di dollari, con nuove erogazioni di prestiti per 9,9 milioni di dollari a un tasso ponderato del 6,84%.
La banca mantiene una solida posizione patrimoniale con un rapporto di leva finanziaria per banche comunitarie del 10,15% e un patrimonio netto totale di 34,6 milioni di dollari.
Pacific West Bancorp (PWBK) report贸 s贸lidos resultados financieros en el segundo trimestre de 2025, con un ingreso neto de 130 mil d贸lares (0,05 d贸lares por acci贸n diluida), lo que representa un aumento del 60,8% respecto al primer trimestre de 2025 y un incremento del 143,8% interanual.
Los aspectos destacados incluyen un crecimiento de dep贸sitos de 28,0 millones de d贸lares (9,6%) trimestre a trimestre, alcanzando 318,6 millones de d贸lares, y un aumento significativo del 28,7% interanual. El banco redujo los pr茅stamos FHLB en 9,6 millones de d贸lares y mejor贸 sus ingresos netos por intereses en un 26,6% interanual. Los pr茅stamos brutos llegaron a 260,4 millones de d贸lares, con nuevas originaciones de pr茅stamos por 9,9 millones de d贸lares a una tasa ponderada del 6,84%.
El banco mantiene una s贸lida posici贸n de capital con un ratio de apalancamiento para bancos comunitarios del 10,15% y un patrimonio total de los accionistas de 34,6 millones de d贸lares.
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欤检殧 雮挫毄鞙茧電� 攵勱赴 雽�牍� 2,800毵� 雼煬 (9.6%) 歃濌皜頃� 3鞏�1,860毵� 雼煬鞚� 鞓堦笀 靹膘灔瓿� 鞝勲厔 雽�牍� 28.7%鞚� 靸侂嫻頃� 歃濌皜臧� 韽暔霅╇媹雼�. 鞚赌頄夓潃 FHLB 彀瀰旮堨潉 960毵� 雼煬 欷勳榾鞙茧┌, 靾滌澊鞛愳垬鞚奠潃 鞝勲厔 雽�牍� 26.6% 頄レ儊霅橃棃鞀惦媹雼�. 齑� 雽�於滉笀鞚� 2鞏�6,040毵� 雼煬鞐� 雼枅鞙茧┌, 鞁犼窚 雽�於� 鞁ろ枆鞎§潃 990毵� 雼煬搿� 臧�欷� 韽夑窢 旮堧Μ電� 6.84%鞓赌鞀惦媹雼�.
鞚赌頄夓潃 10.15%鞚� 旎る雼堩嫲 氡呿伂 霠堧矂毽 牍勳湪瓿� 3,460毵� 雼煬鞚� 齑� 欤检＜ 鞛愲掣鞙茧 臧曤牓頃� 鞛愲掣 靸來儨毳� 鞙犾頃橁碃 鞛堨姷雼堧嫟.
Pacific West Bancorp (PWBK) a annonc茅 de solides r茅sultats financiers pour le deuxi猫me trimestre 2025, avec un b茅n茅fice net atteignant 130 000 dollars (0,05 dollar par action dilu茅e), soit une augmentation de 60,8% par rapport au premier trimestre 2025 et une hausse de 143,8% en glissement annuel.
Les points cl茅s incluent une croissance des d茅p么ts de 28,0 millions de dollars (9,6%) d鈥檜n trimestre 脿 l鈥檃utre, pour atteindre 318,6 millions de dollars, ainsi qu鈥檜ne augmentation significative de 28,7% en un an. La banque a r茅duit ses emprunts FHLB de 9,6 millions de dollars et am茅lior茅 son produit net d鈥檌nt茅r锚ts de 26,6% en glissement annuel. Les pr锚ts bruts ont atteint 260,4 millions de dollars, avec de nouvelles originations de pr锚ts 脿 hauteur de 9,9 millions de dollars 脿 un taux pond茅r茅 de 6,84%.
La banque maintient une solide position en capital avec un ratio de levier des banques communautaires de 10,15% et un total des capitaux propres de 34,6 millions de dollars.
Pacific West Bancorp (PWBK) meldete starke Finanzergebnisse f眉r das zweite Quartal 2025, mit einem Nettogewinn von 130.000 US-Dollar (0,05 US-Dollar pro verw盲sserter Aktie), was einem Anstieg von 60,8% gegen眉ber dem ersten Quartal 2025 und einem 143,8%igen Zuwachs im Jahresvergleich entspricht.
Zu den wichtigsten Highlights z盲hlen ein Einlagenwachstum von 28,0 Millionen US-Dollar (9,6%) im Quartalsvergleich auf 318,6 Millionen US-Dollar sowie ein signifikanter 28,7%iger Anstieg im Jahresvergleich. Die Bank reduzierte FHLB-Kredite um 9,6 Millionen US-Dollar und verbesserte ihr Nettozinseinkommen um 26,6% im Jahresvergleich. Die Bruttokredite erreichten 260,4 Millionen US-Dollar, mit neuen Kreditvergaben von 9,9 Millionen US-Dollar zu einem gewichteten Zinssatz von 6,84%.
Die Bank h盲lt eine starke Kapitalposition mit einer Community-Bank-Leverage-Quote von 10,15% und einem Gesamteigenkapital von 34,6 Millionen US-Dollar.
- Deposits grew by $71.0 million or 28.7% year-over-year to $318.6 million
- Net income increased by 143.8% year-over-year to $130 thousand
- Net interest margin improved by 45 basis points year-over-year
- FHLB borrowings reduced by $31.8 million year-over-year
- Non-interest income grew 53.5% year-over-year
- Charged off a $705 thousand commercial real estate loan
- $7.6 million loan moved to non-accrual status
- Added $120 thousand to provision for credit loss
- Modest loan growth of only 1.6% quarter-over-quarter
Second Quarter and year-over-year Highlights:
- Deposits totaled
$318.6 million $28.0 million 9.6% when compared to the end of the first quarter, and by$71.0 million 28.7% year-over-year. - FHLB borrowings decreased by
$9.6 million $31.8 million - Net interest income before loan loss provision increased by
$144 thousand 5.8% compared to the first quarter 2025, and by$1.1 million 26.6% compared to the end of second quarter of 2024. - Non-interest income increased to
$245 thousand $19 thousand 8.5% growth since the first quarter of 2025, and a$164 thousand 53.5% increase compared to the end of second quarter of 2024. - Net income grew to
$130 thousand $49 thousand 60.8% increase compared to the first quarter 2025, and a$692 thousand 143.8% increase compared to the second quarter of 2024.
Jason Wessling, President and CEO of PWB, commented, "We are pleased to see the momentum we have built continue during the quarter, as we grew deposits by
Deposits reached a new milestone of
Loan interest income totaled
Gross loans ended the second quarter at
As of June 30, 2025, total shareholders' equity stood at
About Pacific West Bancorp: Information about the Holding Company's stock is available through the over-the-counter marketplace at 听(symbol PWBK).
Pacific听West听Bank听was听formed听in听2004听by听local听businesspeople听to听deliver听loan听and听deposit product听solutions through experienced and professional bankers to businesses, nonprofits, professionals, and individuals. The Bank serves the greater
Certain statements in this release may be deemed to be "forward-looking statements." Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. |
听
Balance Sheets (amounts in 000s, except per share data and ratios) | ||||||||||||||||||||||||
鈥� | ||||||||||||||||||||||||
For the Quarter Ended | % Change | % Change | ||||||||||||||||||||||
6/30/2025 | 3/31/2025 | QOQ | 6/30/2024 | YTD | ||||||||||||||||||||
鈥� | ||||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||||
Cash & due from banks | $听 听 听 听 听 40,679 | $听听听听听听听听 23,403 | 73.8听% | $听听听听听听听听听听 8,613 | 372.3听% | |||||||||||||||||||
Investments - CD | 498 | 498 | 0.0听% | 747 | -33.3听% | |||||||||||||||||||
鈥� | ||||||||||||||||||||||||
Investments - Debt Securities HTM | 7,247 | 7,747 | -6.5听% | 7,746 | -6.4听% | |||||||||||||||||||
Allowance for HTM | (270) | (248) | 8.9听% | (301) | -10.2听% | |||||||||||||||||||
Investments - Debt Securities AFS | 41,016 | 42,852 | -4.3听% | 37,952 | 8.1听% | |||||||||||||||||||
听 Net Investments - Debt Securities | 47,992 | 50,351 | -4.7听% | 45,397 | 5.7听% | |||||||||||||||||||
Investments - Correspondent Stock | 922 | 1,352 | -31.8听% | 1,762 | -47.7听% | |||||||||||||||||||
鈥� | ||||||||||||||||||||||||
Gross loans net of fees | 260,395 | 256,272 | 1.6听% | 254,122 | 2.5听% | |||||||||||||||||||
Allowance for Loans and Leases | (2,946) | (3,554) | -17.1听% | (3,415) | -13.7听% | |||||||||||||||||||
Net loans | 257,449 | 252,718 | 1.9听% | 250,707 | 2.7听% | |||||||||||||||||||
鈥� | ||||||||||||||||||||||||
Premises and equipment, net | 4,955 | 5,135 | -3.5听% | 4,401 | 12.6听% | |||||||||||||||||||
Deferred tax asset, net | 1,877 | 1,917 | -2.1听% | 2,003 | -6.3听% | |||||||||||||||||||
BOLI | 4,607 | 4,567 | 0.9听% | 4,448 | 3.6听% | |||||||||||||||||||
Other assets听听听听听听听听听听听听听听听听听听 | 2,570 | 2,840 | -9.5听% | 3,074 | -16.4听% | |||||||||||||||||||
鈥� | ||||||||||||||||||||||||
Total Assets | $听 听 听 听 361,550 | $听 听 听 听342,781 | 5.5听% | $听听听听听 321,152 | 12.6听% | |||||||||||||||||||
鈥� | ||||||||||||||||||||||||
LIABILITIES | ||||||||||||||||||||||||
Deposits | $听 听 听 听 318,693 | $听 听 听 听290,678 | 9.6听% | $听听听听听听 247,662 | 28.7听% | |||||||||||||||||||
Borrowed funds | 5,048 | 14,601 | -65.4听% | 36,841 | -86.3听% | |||||||||||||||||||
Other liabilities | 3,243 | 3,266 | -0.7听% | 2,904 | 11.7听% | |||||||||||||||||||
Total Liabilities | $听听听听听听听 326,983 | $听 听 听 听308,545 | 6.0听% | 287,407 | 13.8听% | |||||||||||||||||||
鈥� | ||||||||||||||||||||||||
STOCKHOLDERS' EQUITY | 34,567 | 34,236 | 1.0听% | 33,744 | 2.4听% | |||||||||||||||||||
Total Liabilities and Stockholders' Equity | $听 听 听 听 361,550 | $听 听 听 听342,781 | 5.5听% | $听听听听 听听321,152 | 12.6听% | |||||||||||||||||||
鈥� | ||||||||||||||||||||||||
Shares outstanding at end-of-period | 2,696,001 | 2,694,129 | 2,685,204 | |||||||||||||||||||||
Book value per share | $听 听 听 听 听 听 12.82 | $听 听 听 听 听 听12.71 | $听听听听听听听听 听听12.57 | |||||||||||||||||||||
Allowance for credit losses to total loans | 1.20听% | 1.44听% | 1.42听% | |||||||||||||||||||||
Non-performing assets (non-accrual loans | $听 听 听 听 听 听 8,440 | $听 听 听 听 听 听 听 880 | $听听听听 听听听听听听听听听840 | |||||||||||||||||||||
Leverage Ratio | 10.15听% | 10.52听% | 11.02听% | |||||||||||||||||||||
听
Statements of Net Income (amounts in 000s, except per share data and ratios) | |||||||||||||||||||||||||
鈥� | |||||||||||||||||||||||||
For the Quarter Ended | Year to Date | ||||||||||||||||||||||||
6/30/2025 | 3/31/2025 | % Change | 6/30/2025 | 6/30/2024 | % Change | ||||||||||||||||||||
INTEREST INCOME | |||||||||||||||||||||||||
Loans Interest Income | $听听听听听 3,766 | $听听听听听 3,622 | 4.0听% | $听听听听听听 7,388 | $听听听听听听听听 6,903 | 7.0听% | |||||||||||||||||||
Investments & due from banks | 824 | 703 | 17.2听% | 1,527 | 1,190 | 28.2听% | |||||||||||||||||||
Loan fee income | 44 | 56 | -22.4听% | 100 | 89 | 12.2听% | |||||||||||||||||||
Total interest income | 4,634 | 4,381 | 5.8听% | 9,015 | 8,183 | 10.2听% | |||||||||||||||||||
鈥� | |||||||||||||||||||||||||
INTEREST EXPENSE | 2,013 | 1,904 | 5.7听% | 3,917 | 4,155 | -5.7听% | |||||||||||||||||||
鈥� | |||||||||||||||||||||||||
NET INTEREST INCOME BEFORE LOAN | 2,621 | 2,477 | 5.8听% | 5,098 | 4,028 | 26.6听% | |||||||||||||||||||
鈥� | |||||||||||||||||||||||||
PROVISION FOR CREDIT LOSSES | 120 | - | 120 | 65 | 84.6听% | ||||||||||||||||||||
鈥� | |||||||||||||||||||||||||
NET INTEREST INCOME AFTER LOAN | 2,501 | 2,477 | 1.0听% | 4,978 | 3,963 | 25.6听% | |||||||||||||||||||
鈥� | |||||||||||||||||||||||||
NON-INTEREST INCOME | 245 | 226 | 8.5听% | 472 | 307 | 53.5听% | |||||||||||||||||||
NON-INTEREST EXPENSE | 2,548 | 2,568 | -0.8听% | 5,115 | 4,899 | 4.4听% | |||||||||||||||||||
INCOME (LOSS) BEFORE PROVISION | 199 | 136 | 46.7听% | 335 | (629) | 153.2听% | |||||||||||||||||||
鈥� | |||||||||||||||||||||||||
PROVISION (BENEFIT) FOR INCOME | 69 | 55 | 25.8听% | 124 | (148) | 183.6听% | |||||||||||||||||||
鈥� | |||||||||||||||||||||||||
NET INCOME (LOSS) | $听听听听听听听听 130 | $听听听听听听听听 听听81 | 60.8听% | $听听听听听听听听听 211 | $听听听听听听听听听听 (481) | 143.8听% | |||||||||||||||||||
鈥� | |||||||||||||||||||||||||
Earnings per share - Basic | $听 听听听听听听0.05 | $听听 听听听听听0.03 | $听听 听听听听听0.08 | $听 听听听听听听听听(0.18) | |||||||||||||||||||||
鈥� | |||||||||||||||||||||||||
Earnings per share - Diluted | $听听听 听听听听0.05 | $听 听听听听听听0.03 | $听 听听听听听听0.08 | $听听听听听 听听听听(0.18) | |||||||||||||||||||||
鈥� | |||||||||||||||||||||||||
Return on average equity | 1.52听% | 0.96听% | 1.25听% | -2.88听% | |||||||||||||||||||||
Return on average assets | 0.15听% | 0.10听% | 0.12听% | -0.30听% | |||||||||||||||||||||
Net interest margin | 3.11听% | 3.10听% | 3.10听% | 2.66听% | |||||||||||||||||||||
Efficiency ratio | 89听% | 95听% | 92听% | 113听% | |||||||||||||||||||||
听
CONTACT: Jason Wessling, President and CEO ([email protected])
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FAQ
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