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CWBC on Nasdaq

Community West Bancshares

Community West Bancshares is a registered bank holding company headquartered in California. It wholly owns Community West Bank under the Bank Holding Company Act. The company delivers a wide range of commercial and retail financial services such as various loan and deposit products through the operation of the bank.3 It was founded in 1989.1 Its shares trade on Nasdaq under the symbol CWBC.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1989Founded1

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  • TickerCWBC on Nasdaq1
  • Industryfinancial services1
  • HeadquartersGoleta1
  • Websitewww.communitywest.com
  • Incorporated inCA4
  • Business address7100 N. Financial Drive, #101, Fresno, Ca 937204
  • Filer categoryAccelerated filer4
  • Legal formCorporation

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Community West Bancshares is a registered bank holding company headquartered in California. It wholly owns Community West Bank under the Bank Holding Company Act.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

2587.2%Net margin7
15.7%Revenue growth, 20238
12.3%Return on equity7
0.34×Debt to equity9
$17.7MFree cash flow7

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Interest37¢$20.0M
  • Income tax15¢$8.3M
  • Profit47¢$25.5M

Out of $987.0K in revenue.87

Where each dollar of operating cash went, fiscal 2023

  • Capital spending36¢$9.8M
  • Dividends paid25¢$7.0M
  • Share buybacks0¢$1.0K
  • Kept or used elsewhere39¢$10.8M

Out of $27.5M of cash from operations.7

Financial statements

Revenue10118$987.0K in 2023+48% since 2019
0$250.0K$500.0K$750.0K$1.0M2019: $666.0K$666.0K20192020: $455.0K$455.0K2020−32%2021: $711.0K$711.0K2021+56%2022: $853.0K$853.0K2022+20%2023: $987.0K$987.0K2023+16%
Net income12131497$25.5M in 2023+19% since 2019
0$10.0M$20.0M$30.0M2019: $21.4M$21.4M20192020: $20.3M$20.3M2020−5%2021: $28.4M$28.4M2021+40%2022: $26.6M$26.6M2022−6%2023: $25.5M$25.5M2023−4%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Interest and fees on loans$159.9M$130.2M$69.8M
Interest on deposits in other banks$4.2M$4.4M$3.6M
Taxable$16.5M$20.4M$23.4M
Exempt from Federal income taxes$5.2M$5.5M$5.6M
Total interest income$185.7M$160.4M$102.4M
Interest on deposits$42.6M$40.7M$15.5M
Interest on short-term borrowings$3.3M$5.7M$810.0K
Interest on senior debt and subordinated debentures$3.6M$3.7M$3.7M
Total interest expense$49.5M$50.0M$20.0M
Net interest income before provision for credit losses$136.2M$110.4M$82.4M
Provision for credit losses$3.8M$11.1M$309.0K
Net interest income after provision for credit losses$132.4M$99.3M$82.1M
Service charges$2.0M$1.8M$1.5M
Interchange fees$1.9M$2.1M$1.8M
Appreciation in cash surrender value of bank owned life insurance$1.5M$1.3M$1.0M
Federal Home Loan Bank dividends$960.0K$796.0K$498.0K
Loan placement fees$844.0K$1.2M$584.0K
Gain on proceeds from death benefits$198.0K$0$0
Net realized (loss) gain on sale and disposal of equipment-$40.0K$7.0K$402.0K
Net realized losses on sales and calls of investment securities-$41.0K-$4.2M-$907.0K
Other income$3.1M$3.5M$2.1M
Total non-interest income$10.5M$6.4M$7.0M
Salaries and employee benefits$49.8M$48.5M$31.4M
Occupancy and equipment$11.4M$9.5M$5.7M
Information technology$7.1M$5.9M$3.6M
Data processing expense$3.2M$3.7M$2.6M
Professional services$2.4M$2.8M$2.2M
Regulatory assessments$2.0M$1.8M$1.3M
ATM/Debit card expenses$1.6M$1.8M$757.0K
Amortization of core deposit intangibles$1.0M$751.0K$68.0K
Advertising$929.0K$854.0K$542.0K
Directors expenses$912.0K$752.0K$614.0K
Loan related expenses$839.0K$802.0K$478.0K
Merger and acquisition expense$798.0K$9.6M$1.2M
Personnel other$313.0K$345.0K$404.0K
Other expense$8.1M$7.5M$4.4M
Total non-interest expenses$90.4M$94.7M$55.3M
Income before provision for income taxes$52.5M$11.0M$33.8M
Provision for income taxes$14.4M$3.3M$8.3M
Net income$38.2M$7.7M$25.5M
Basic earnings per common share (in dollars per share)$2.01$0.45$2.17
Diluted earnings per common share (in dollars per share)$2.00$0.45$2.17
Cash dividends per common share (in dollars per share)$0.48$0.48$0.48

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Corporate structure

Community West Bancshares sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Community West Bancshares

  • DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G on Community West Bancshares, latest Oct 8, 2026 (3 filings since Feb 10, 2023)
  • Fourthstone LLC Filed SCHEDULE 13G/A on Community West Bancshares, latest Aug 14, 2026 (5 filings since Feb 14, 2024)
  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on Community West Bancshares, latest Jan 30, 2025 (3 filings since Nov 4, 2024)
  • BlackRock Filed SC 13G on Community West Bancshares, latest Nov 8, 2024 (4 filings since Jan 31, 2024)
  • PL Capital Advisors, LLC Filed SC 13D/A on Community West Bancshares, latest Apr 5, 2024 (6 filings since Dec 22, 2021)
  • PRIVATE MANAGEMENT GROUP INC Filed SC 13G/A on Community West Bancshares, latest Feb 2, 2024 (3 filings since Feb 10, 2022)
  • Daniel N. Cunningham Filed SC 13G/A on Community West Bancshares, latest Feb 6, 2023 (2 filings since Feb 8, 2022)
  • Elizabeth Park Capital Advisors, Ltd. Filed SC 13G/A on Community West Bancshares, latest Feb 11, 2022
  • Community West Bancshares Goleta
    • Community West Bank Subsidiary · California, United States
    • Service 1 st Capital Trust I Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Community West Bancshares reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$60.5M7 Dec 31, 2025$44.0M7 Dec 31, 2024+37.6%
Accumulated depreciation$37.0M7 Dec 31, 2025$19.5M7 Dec 31, 2024+89.5%
Property and equipment, net$23.5M7 Dec 31, 2025$24.5M7 Dec 31, 2024−3.8%
Operating-lease assets (leased space)$10.4M7 Dec 31, 2025$9.5M7 Dec 31, 2024+9.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$119.0M7 Dec 31, 2025$120.4M7 Dec 31, 2024−1.2%
Debt securities available for sale$469.4M7 Dec 31, 2025$477.1M7 Dec 31, 2024−1.6%
Debt securities held to maturity$287.6M7 Dec 31, 2025$302.5M7 Dec 31, 2024−4.9%
Equity securities at fair value$6.8M7 Dec 31, 2025$6.6M7 Dec 31, 2024+3.2%
Loans, net of allowance$2.5B7 Dec 31, 2025$2.3B7 Dec 31, 2024+8.8%
Deposits held (banks)$3.1B7 Dec 31, 2025$2.9B7 Dec 31, 2024+6.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$96.8M7 Dec 31, 2025$96.8M7 Dec 31, 20240%
Finite-lived intangibles, net$8.3M7 Dec 31, 2025$9.3M7 Dec 31, 2024−10.8%

Properties, in its own words

The Company owns the property on which full-service branch offices are situated at the following California locations: the Clovis Banking Center, the Prather Banking Center, the Kerman Banking Center, the Exeter Banking Center, the Goleta Banking Center, and the Paso Robles Banking Center.

All other property is leased by the Company, including the principal executive offices in Fresno, which houses the Company’s corporate offices, comprised of various departments, including accounting and finance, business lending for real estate, SBA, and agribusiness, information services, human resources, loan operations, credit review administration, banking services administration, risk management, and compliance.

The rest of Item 2

The Company continually evaluates the suitability and adequacy of the Company’s offices and has a program of relocating or remodeling them as necessary to be efficient and maintain attractive facilities.

Properties owned by the Bank are held without loans or encumbrances. All of the property leased is leased directly from independent parties. Management considers the terms and conditions of each of the existing leases to be in the aggregate favorable to the Company. See Note 9 of the Company’s audited Consolidated Financial Statements in Item 8 of this Annual Report.

Item 2 of the 10-K filed Mar 11, 2026.18

The story

Community West Bank was established in 1989 to provide financial services including relationship banking, mortgage lending and SBA lending. On November 26, 1996, Community West Bancshares was incorporated as the bank holding company for Community West Bank.

On December 31, 1997, Community West Bancshares completed the acquisition of Goleta National Bank. On September 1, 2004, the bank changed its name to Community West Bank, also the currently name.

On May 14, 2013, the company declared plans to consolidate the Roseville SBA administrative office functions into the existing loan servicing operations in Goleta.

In April 2024, it was announced that Community West Bancshares had merged its operations with Central Valley Community Bank, totaling 27 locations. The agreement was valued at 143 million dollars.

From Wikipedia’s article on Community West Bancshares, shared under CC BY-SA 4.0.5

Leadership

Who has led Community West Bancshares, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Lynda Nahra2006–2010
  2. Daniel J. Doyle2006–2014
  3. William R. Peeples2011
  4. Martin E. Plourd2011–2024
  5. James M. Ford2015–2021

President

  1. Daniel J. Doyle2006–2014
  2. William R. Peeples2011
  3. James M. Ford2014–2021
  4. William F. Filippin2015–2024
  5. Martin E. Plourd2015–2024
  6. Martin E. Plourd2024–now

Chief financial officer

  1. Charles G. Baltuskonis2006–2016
  2. Gayle Graham2006
  3. Susan C. Thompson2017–2022
  4. Richard Pimentel Jr.2022–2024

Chief operating officer

  1. Michael Phlaum2014
  2. Charles E. Kohl2014–2015
  3. Maureen Clark2016–2018
  4. Timothy Joseph Stronks2018–2024
19901995200020052010201520202025
Board members and other officers (70)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerA. Kenneth Ramos named Nov 19, 2021102
  • Executive Officer, DirectorJames J. Kim named Nov 19, 2021102
  • DirectorF.T. "Tommy" J. Elliott, IV named Nov 19, 2021102

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Community West Bank California6
  • Service 1 st Capital Trust I Delaware6

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • CENTRAL VALLEY COMMUNITY BANCORPDec 21, 2000 to Mar 15, 20244
  • CENTRAL VALEY COMMUNITY BANCORPNov 16, 2000 to Nov 16, 20004

Timeline

  1. Jul 27, 20268-K Regulation FD disclosure103
  2. Jul 23, 20268-K Results of operations; Other events104
  3. Jun 15, 20268-K Financial statements and exhibits105
  4. May 29, 20268-K Shareholder vote106
  5. May 4, 20268-K Regulation FD disclosure107
  6. Apr 23, 20268-K Results of operations; Other events108
  7. Apr 1, 20268-K Completed an acquisition or sale; Executive or director change; Shareholder vote109
  8. Mar 20, 20268-K Other events110
  9. Mar 17, 20268-K Other events111
  10. Mar 3, 20268-K Executive or director change112
  11. Feb 20, 20268-K Executive or director change113
  12. Feb 3, 20268-K Regulation FD disclosure114
  13. Mar 20, 2015New chief executive James M. Ford becomes CEO19
  14. Nov 4, 2011New chief executive Martin E. Plourd becomes CEO21
  15. Aug 16, 2011New chief executive William R. Peeples becomes CEO20
  16. Sep 19, 2006New chief executive Daniel J. Doyle becomes CEO23
  17. Mar 21, 2006New chief executive Lynda Nahra becomes CEO22
  18. 1989Founded Founded1

Calendar

Coming up

  1. Oct 22, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.57 a share, on Oct 16, 2025.115

When it reported results

  1. Jul 23, 2026Reported quarterly or annual results104
  2. Apr 23, 2026Reported quarterly or annual results108
  3. Jan 22, 2026Reported quarterly or annual results116
  4. Oct 16, 2025Reported quarterly or annual results117
  5. Jul 17, 2025Reported quarterly or annual results118
  6. Apr 21, 2025Reported quarterly or annual results119
  7. Jan 23, 2025Reported quarterly or annual results120
  8. Oct 24, 2024Reported quarterly or annual results121

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

651 filings to the SEC since October 2021: 9 annual reports, 22 quarterly reports, 113 major events, 414 insider forms, 27 large holders, 1 private raises, 65 other. The latest 20:

  1. Oct 13, 20264 EDGAR
  2. Oct 8, 2026SCHEDULE 13G EDGAR
  3. Sep 1, 20264 EDGAR
  4. Sep 1, 20264 EDGAR
  5. Aug 24, 20264 EDGAR
  6. Aug 21, 20264 EDGAR
  7. Aug 14, 2026SCHEDULE 13G/A EDGAR
  8. Aug 10, 202610-Q EDGAR
  9. Aug 10, 20264 EDGAR
  10. Aug 4, 20264 EDGAR
  11. Jul 27, 20268-K EDGAR
  12. Jul 23, 20268-K EDGAR
  13. Jul 1, 20264 EDGAR
  14. Jun 15, 20268-K/A EDGAR
  15. Jun 1, 20264 EDGAR
  16. Jun 1, 20264 EDGAR
  17. Jun 1, 20264 EDGAR
  18. Jun 1, 20264 EDGAR
  19. Jun 1, 20264 EDGAR
  20. May 29, 20268-K EDGAR

The 651 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

143 open-market trades by officers, directors and large owners since October 2021: 134 buys and 9 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 31, 2026CAGLE DAWN MEXECUTIVE VICE PRESIDENTBuy188$21.51$4.0KForm 4
Aug 31, 2026LIVINGSTON SHANNON REXECUTIVE VICE PRESIDENTBuy107$21.51$2.3KForm 4
Aug 21, 2026LOKEY JAMES WDirectorBuy54$25.92$1.4KForm 4
Aug 21, 2026STOVESAND KIRKDirectorBuy255$26.10$6.7KForm 4
Aug 10, 2026GILL JAGROOPDirectorBuy4,770$24.88$118.7KForm 4
Jul 31, 2026GILL JAGROOPDirectorBuy230$25.00$5.8KForm 4
Jun 1, 2026CAGLE DAWN MEXECUTIVE VICE PRESIDENTBuy166$20.91$3.5KForm 4
Jun 1, 2026LIVINGSTON SHANNON REXECUTIVE VICE PRESIDENTBuy94$20.91$2.0KForm 4
May 22, 2026STOVESAND KIRKDirectorBuy257$23.90$6.1KForm 4
May 5, 2026SILVA DOROTHEA DDirectorBuy150$23.57$3.5KForm 4
May 4, 2026SILVA DOROTHEA DDirectorBuy15$23.78$357Form 4
Feb 27, 2026Plourd Martin EDirectorBuy282$20.65$5.8KForm 4
Feb 27, 2026LIVINGSTON SHANNON REXECUTIVE VICE PRESIDENTBuy266$20.65$5.5KForm 4
Feb 27, 2026CAGLE DAWN MEXECUTIVE VICE PRESIDENTBuy351$20.65$7.2KForm 4
Feb 27, 2026Kim James JCEO and PRESIDENTBuy1,089$20.65$22.5KForm 4
Feb 27, 2026MARTIN JEFFREY MICHAELEXECUTIVE VICE PRESIDENTBuy206$20.65$4.3KForm 4
Feb 20, 2026STOVESAND KIRKDirectorBuy376$24.50$9.2KForm 4
Jan 28, 2026LOKEY JAMES WDirectorBuy500$23.29$11.6KForm 4
Nov 28, 2025CAGLE DAWN MEXECUTIVE VICE PRESIDENTBuy159$19.19$3.1KForm 4
Nov 28, 2025LIVINGSTON SHANNON REXECUTIVE VICE PRESIDENTBuy84$19.19$1.6KForm 4

All 143 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025James J. KimChief Executive Officer and President$616.3K$1.3M130
2025Shannon R. LivingstonExecutive Vice President and Chief Financial Officer$347.7K$720.4K130
2025Jeffrey M. MartinExecutive Vice President, Chief Banking Officer$307.1K$622.3K130
2025Martin E. PlourdFormer President$525.0K$620.8K130
2025Blaine C. LauhonExecutive Vice President, Chief Operating Officer$307.1K$568.1K130
2024James J. KimChief Executive Officer and President$546.2K$1.1M130
2024Martin E. PlourdFormer President$383.7K$988.6K130
2024Shannon R. LivingstonExecutive Vice President and Chief Financial Officer$325.4K$687.2K130
2024Jeffrey M. MartinExecutive Vice President, Chief Banking Officer$273.3K$545.4K130
2024Blaine C. LauhonExecutive Vice President, Chief Operating Officer$282.7K$525.0K130
2023James J. KimChief Executive Officer and President$509.6K$934.0K130
2023Shannon R. LivingstonExecutive Vice President and Chief Financial Officer$262.6K$533.5K130
2023Blaine C. LauhonExecutive Vice President, Chief Operating Officer$265.7K$480.6K130
2023Jeffrey M. MartinExecutive Vice President, Chief Banking Officer$231.9K$440.6K130

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$35.0M 2021–2021
Money received by yearMoney received by year, 2021–2021: $35.0M in all. Private raises (Form D) $35.0M.$0$10M$20M$30M$40M2021 · Private raises (Form D): $35.0M2021
Figures by year
YearPrivate raises (Form D)Total
2021$35.0M$35.0M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Nov 12, 2021Raised $35 million in a private offering of debt102 Form D: 1 investor so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.2,386,807$64.1M0.0%+497,741
Dimensional Fund Advisors LP1,265,092$34.0M0.0%+424,638
Wellington Management Group Llp1,136,107$30.5M0.0%+833,312
Vanguard Capital Management LLC1,075,657$28.9M0.0%+330,969
State Street Corp815,651$21.9M0.0%+474,469
Geode Capital Management, LLC616,973$16.6M0.0%+220,473
Systematic Financial Management LP500,161$13.4M0.3%+89,583
Bridgewealth Advisory Group, LLC494,690$13.3M2.5%+468,890
Private Management Group Inc485,589$13.0M0.3%−44,056
American Century Companies Inc385,572$10.4M0.0%+54,519
Manufacturers Life Insurance Company, The338,451$9.1M0.0%−469
PL Capital Advisors, LLC329,551$8.9M2.5%No change
Arrowstreet Capital, Limited Partnership326,583$8.8M0.0%+255,769
Fmr LLC296,127$8.0M0.0%−818
Two Sigma Investments, LP286,953$7.7M0.0%New
Hotchkis & Wiley Capital Management LLC277,860$7.5M0.0%+1,800
Renaissance Technologies LLC259,325$7.0M0.0%+115,617
Citadel Advisors LLC221,531$6.0M0.0%+211,504
Northern Trust Corp209,607$5.6M0.0%+66,551
Vanguard Portfolio Management LLC205,949$5.5M0.0%+109,031
Franklin Resources Inc169,407$4.6M0.0%+155,252
Cutler Capital Management, LLC162,139$4.4M1.3%−451
Vanguard Fiduciary Trust Co157,284$4.2M0.0%+42,798
Goldman Sachs Group Inc155,829$4.2M0.0%+72,063
Squarepoint Ops LLC150,357$4.0M0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Community West Bancshares is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCommunity West Bancshares2
  • CIK0001127371
  • Employer ID (EIN)77-053912518
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inCalifornia18
  • Fiscal year endsDecember 312
  • Industry code (SIC)6022 State Commercial Banks2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address7100 N. Financial Drive, #101, Fresno, CA 937202
  • Phone559-298-17752
  • Shares outstanding27,131,078 as of Aug 10, 202616
  • Public float$336.7M as of Jun 30, 202518
  • AuditorBaker Tilly US, LLP, Sacramento, California PCAOB ID 659; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceNov 16, 20002
  • Filings1,571 in all: 4 (793), 8-K (365), 10-Q (66), SC 13G/A (45), 3 (38), DEF 14A (26), 4/A (25), 10-K (22)2
    All 42 form types

    UPLOAD (20), CORRESP (18), S-4/A (13), 425 (12), SC 13G (12), 10QSB (11), EFFECT (11), 5 (10), SC 13D/A (9), 8-K/A (7), S-4 (7), S-8 (7), S-3 (5), S-3/A (5), S-8 POS (5), 10KSB (4), ARS (4), SCHEDULE 13G/A (4), 3/A (3), 424B3 (3), 10-K/A (2), 10KSB/A (2), 144 (2), D (2), DEFA14A (2), PRE 14A (2), SC 13D (2), 10-Q/A (1), 10QSB/A (1), 424B4 (1), 8-K12G3 (1), NT 10-K (1), S-4 POS (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 11, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 10, 2026
    Latest 8-K (8-K) Jul 27, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, no par valueCWBCNASDAQ

From the cover page of the 10-K filed Mar 11, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks Community West Bancshares names in Item 1A of its 10-K filed Mar 11, 2026: 47 risks under these headings, as written.18

  • General Economic, Market, Investment Risks
  • General economic conditions could adversely affect our business, financial condition and results of operations.
  • Inflationary pressures and rising prices may affect our results of operations and financial condition.
  • Changes to trade policies and tariffs can have an adverse impact on our business and our customers.
  • Monetary policies and regulations of the Federal Reserve could adversely affect our business, financial condition and results of operations.
  • Our stock price may be negatively impacted by unrelated bank failures and negative depositor confidence in depository institutions. Further, if we were unable to adequately manage our liquidity, deposits, capital levels and interest rate risk, which have come under greater scrutiny in light of recent bank failures, we may experience a material adverse effect on our financial condition and results of operations.
  • Interest rate shifts may reduce net interest income and otherwise negatively impact our financial condition and results of operations.
  • The development and use of Artificial Intelligence (AI) presents risks and challenges that may adversely impact our business.
  • Risks Related to our Lending Activities
  • Agribusiness lending presents unique credit risks.
  • Because a significant portion of our loan portfolio is comprised of real estate loans, negative changes in the economy affecting real estate values and liquidity could impair the value of collateral securing our real estate loans and result in loan and other losses.
  • Increased scrutiny by regulators of commercial real estate concentrations could restrict our activities and impose financial requirements or limits on the conduct of our business.
The other 37 risks
  • Many of our loans are to commercial borrowers, which may have a higher degree of risk than other types of borrowers.
  • Small Business Administration lending is an important part of our business. Our SBA lending program is dependent upon the U.S. federal government, and we face specific risks associated with originating SBA loans.
  • Credit Risks
  • We may not be able to measure and limit our credit risk adequately, which could lead to unexpected losses.
  • Our allowance for credit losses on loans may prove to be insufficient to absorb potential losses in our loan portfolio.
  • Non-performing assets adversely affect our results of operations and financial condition and take significant management time to resolve.
  • Our focus on lending to small to mid-sized community-based businesses may increase our credit risk.
  • Securities Portfolio Risks
  • We could recognize losses on securities held in our securities portfolio, particularly if interest rates increase or economic and market conditions deteriorate.
  • Key Personnel Risks
  • We are highly dependent on our management team, and the loss of our senior executive officers or other key employees could harm our ability to implement our strategic plan, impair our relationships with customers and adversely affect our business, financial condition and results of operations.
  • Capital Risks
  • We may be subject to more stringent capital requirements in the future.
  • We may not be successful in raising additional capital needed in the future.
  • Strategic Risks
  • We may not be able to maintain our historical growth rate which may adversely impact our business, financial condition and results of operations and financial condition.
  • There are risks related to acquisitions.
  • Issuing additional shares of our common stock to acquire other banks and bank holding companies may result in dilution for existing shareholders and may adversely affect the market price of our stock.
  • If the goodwill that we recorded in connection with a business acquisition becomes impaired, it could require charges to earnings, which would have a negative impact on our financial condition and results of operations.
  • Our decisions regarding the fair value of assets acquired could be different than initially estimated, which could materially and adversely affect our business, financial condition and results of operations.
  • We must effectively manage our branch growth strategy.
  • New lines of business or new products and services may subject us to additional risks.
  • Competition Risks
  • Competition in originating loans and attracting deposits may adversely affect our profitability.
  • We have a continuing need for new technology, and we may not have the resources to implement new technology effectively, or we may experience operational challenges when implementing new technology or technology needed to compete effectively with larger institutions may not be available to us on a cost-effective basis.
  • Technology Risks
  • A failure in or breach of our operational or security systems, or those of our third-party service providers, including as a result of cyber-attacks, could disrupt business, result in the disclosure or misuse of confidential or proprietary information, damage our reputation, increase costs and cause losses.
  • Reputation and Operations Risks
  • Our ability to maintain our reputation is critical to the success of our business, and the failure to do so may materially and adversely affect our business and the value of our common stock.
  • Our risk management framework may not be effective in mitigating risks or losses to us.
  • Pandemics, natural disasters, global climate change, acts of terrorism and global conflicts may have a negative impact on our business and operations.
  • Climate change could have a material negative impact on us and our customers.
  • Scrutiny and evolving expectations from customers, regulators, investors, and other stakeholders with respect to our environmental, social and governance practices may impose additional costs on us or expose us to new or additional risks.
  • Finance and Accounting Risks
  • Accounting estimates and risk management processes rely on analytical models that may prove inaccurate resulting in a material adverse effect on our business, financial condition and results of operations.
  • Changes in accounting standards could materially impact our financial statements.
  • Failure to maintain effective internal controls over financial reporting could have a material adverse effect on our business and stock price.
  • We have a significant deferred tax asset and cannot assure that it will be fully realized.
  • Legislative and Regulatory Risks
  • We are subject to extensive government regulation that could limit or restrict our activities, which, in turn, may hamper our ability to increase our assets and earnings.
  • Regulations relating to privacy, information security and data protection could increase our costs, affect or limit how we collect and use personal information.
  • We face a risk of noncompliance and enforcement action with the Bank Secrecy Act and other anti-money laundering statutes and regulations.
  • Risks Related to Our Common Stock
  • We may raise additional capital, which could have a dilutive effect on the existing holders of our common stock and adversely affect the market price of our common stock.
  • The price of our common stock may fluctuate significantly, and this may make it difficult for you to resell shares of common stock owned by you at times or at prices you find attractive.
  • Our dividend policy may change without notice, and our future ability to pay dividends or repurchase or redeem shares is subject to restrictions.
  • The holders of our debt obligations will have priority over our common stock with respect to payment in the event of liquidation, dissolution or winding up and with respect to the payment of interest and dividends.
  • Provisions in our charter documents and California law may have an anti-takeover effect, and there are substantial regulatory limitations on changes of control of bank holding companies.

Legal proceedings

The Company is subject to legal proceedings and claims which arise in the ordinary course of business. In the opinion of management, the amount of ultimate liability with respect to such actions will not materially affect the consolidated financial position or consolidated results of operations of the Company.

The opening of Item 3, Legal Proceedings.18

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