Exhibit 99.1
May 10, 2018
To the Shareholders of Community West Bancshares:
We are happy to report that Community West Bancshares recently released its financial results for the first quarter of 2018. Among the highlights was net income of $1.8 million for the first three months, an increase of 33% from $1.4 million for the first quarter of last year. Please review the attached investor fact sheet for information about growth in loans, deposits and other benchmarks.
The Board of Directors increased its quarterly cash dividend by 25% to $0.05 per common share, payable May 31, 2018 to common shareholders of record on May 11, 2018. The current annualized yield, based on the closing price of Community West Bancshares (CWBC) shares of $11.35 on March 31, 2018, was 1.8%.
We are also very proud to note that Community West was awarded a “Premier” rating in April 2018, by The Findley Reports. For 50 years, Findley has been recognizing the financial performance of banking institutions in California and the western United States. In making their annual selections, The Findley Reports focuses on four ratios: growth, return on beginning equity, net operating income as a percentage of average assets, and loan losses as a percentage of gross loans. It is an honor for our bank to be once again recognized so favorably by The Findley Reports.
With new Community West Bank branch offices in Oxnard and Santa Maria last year, and a new branch opening this summer in Paso Robles, we are expanding our reach throughout Ventura, Santa Barbara and San Luis Obispo counties and positioning the bank for long-term growth.
As we focus on growing our franchise, and aim to secure our vision of being the leading community bank serving California’s Central Coast, we continue to deliver improved operating results.
The future is bright for Community West. We appreciate the continued support from you, our shareholders, as we pursue our growth opportunities.
Sincerely,
 |  |
| William R. Peeples | Martin E. Plourd |
| Chairman of the Board | President and Chief Executive Officer |
NASDAQ: CWBC $11.35 April 27, 2018 FACT SHEET FIRST QUARTER 2018 HIGHLIGHTS Net Loan Portfolio $737 Million at 3/31/18 2.6% 14.7% 30.7% 3.4% 48.6% Commercial Commercial Real EstateSBA Manufactured housingOther Deposit Portfolio $710 Million at 3/31/18 16.7% 33.4% 36.4% 11.5% 2.0% Non-interest-bearingInterest-bearing Savings CDs over 250KCDs under 250K ¡ Net income increased 33.8% to $1.8 million, or $0.21 per diluted share, in 1Q18, compared to $1.4 million, or $0.16 per diluted share in 1Q17. ¡ Return on average common equity of 10.30%.¡ Return on average assets of 0.91%. ¡ Net loans increased $11.1 million to $737.3 million at March 31, 2018, compared to $726.2 million three months earlier and increased $76.6 million compared to $660.8 million a year ago.¡ Total deposits increased $10.4 million to $710.0 million at March 31, 2018, compared to $699.7 million three months earlier and increased $69.9 million compared to $640.1 million a year ago.¡ Net interest margin was 4.25%. ¡ Book value per common share increased to $8.73 at March 31, 2018, compared to $8.22 a year ago. FINANCIAL HIGHLIGHTS Nonaccrual loans, ALL/loans Net EPS Total net/total held for Interest Period diluted assets* loans investment Margin 1Q18 $ 0.21 $ 866 0.57% 1.22% 4.25% 1Q17 $ 0.16 $ 748 0.34% 1.28% 4.45% 2017 $ 0.57 $ 833 0.61% 1.24% 4.34% 2016 $ 0.62 $ 711 0.38% 1.31% 4.60% 2015 $ 0.30 $ 621 0.92% 1.44% 4.80% 2014 $ 0.75 $ 557 2.23% 1.84% 4.50% $ in millions except per share data * at end of period ABOUT COMMUNITY WEST BANCSHARES Coast area of Ventura, Santa Barbara and San Luis Obispo counties. Communi-ty West Bank has seven full-service California branch banking offices, in Goleta,Santa Barbara, Santa Maria, Ventura, Westlake Village, San Luis Obispo andOxnard and a loan production office in Paso Robles. The principal business ac- tivities of the Company are Relationship business banking, Manufactured Hous- ing lending and Government Guaranteed lending.
CWBC April 27, 2018 Recent Price $11.35 Shares Outstanding 8.2M Estimated Float 6.9M52-Week Price Range $9.95-$12.97 Net Interest Margin* 4.25% *most recent quarter Market Cap $93.3MBook Value per Common Share $8.73 Price/Book 1.30x Institutional Ownership 23.4% Insider Ownership 20.3% CORPORATE HEADQUARTERS Community West Bank 445 Pine Avenue Goleta, CA 93117Phone (805) 692-5821 www.communitywestbank.com FINANCIAL HIGHLIGHTS (in thousands, except per share) Income Statement Three Months Ended 31-Mar-18 31-Dec-17 31-Mar-17 Interest income $ 9,988 $ 9,927 $ 8,703 Interest expense 1,638 1,451 929Net interest income before provision for loan losses 8,350 8,476 7,774 Provision for loan losses (144) (12) 144Net interest income after provision for loan losses 8,494 8,488 7,630 Non-interest income 639 896 641 Non-interest expenses 6,533 6,421 5,923 Income before income taxes 2,600 2,963 2,348 Provision for income taxes 786 2,514 992 Net income 1,814 449 1,356 Earnings per common share: Basic $ 0.22 $ 0.05 $ 0.17 Diluted $ 0.21 $ 0.05 $ 0.16 Balance Sheet 31-Mar-18 31-Dec-17 31-Mar-17 Total assets $ 865,689 $ 833,315 $ 748,300 Total stockholders' equity $ 71,711 $ 70,070 $ 66,567 Total deposits $ 710,037 $ 699,684 $ 640,130 Net loans $ 737,319 $ 726,189 $ 660,761 Asset Quality 31-Mar-18 31-Dec-17 31-Mar-17 Nonaccrual loans, net $ 4,220 $ 4,472 $ 2,302 Nonaccrual loans, net/total loans 0.57% 0.61% 0.34%Nonaccrual loans plus other assets acquired through foreclosure, net $ 4,453 $ 4,844 $ 2,447Nonaccrual loans plus other assets acquired through foreclosure, net/total assets 0.51% 0.58% 0.33% Net loan (recoveries) charge-offs in the quarter $ (182) $ (120) $ (177)Net loan (recoveries) charge-offs in the quarter/total loans (0.02%) (0.02%) (0.03%) TOP INSTITUTIONAL SHAREHOLDERS * First Securities America 6.95% Stieven Capital 6.20% Siena Capital 3.77% Maltese Capital Mgmt. 3.33% AllianceBernstein 1.79% Cutler Capital 1.73% Dimensional Fund 1.58% M3F 1.22% Context BH Capital 0.71% Bridgeway Capital 0.53% Wedbush Asset Mgmt. 0.50% Wellington 0.38% *information from SNL as of 31--Dec-17 MANAGEMENT TEAM Martin E. Plourd President & Chief Executive OfficerSusan C. Thompson EVP & Chief Financial OfficerMaureen C. Clark EVP , Chief Operating Officer & ChiefInformation Officer William F. FilippinEVP & Chief Banking Officer The company described in this report is a client of Len Cereghino & Co., d.b.a. The IR Group, a securities industry relations firm. This report was prepared using information obtained from management and from publications available tothe public. This report does not purport to be a complete statement of all material facts and is not to be construed as a recommendation or solicitation to buy or sell securities of the company described herein. Upon receiving a writtenrequest sent to its website www.theIRgroup.com. The IR Group will provide a package of detailed information on the client company. The IR Group is compensated by the client company for services rendered on a continuing basis andconsequently, the amount of such compensation related to the preparation and distribution of this report is not separately determinable. The IR Group and/or its employees and/or members of their families, may have a long position in the securities of the company described herein. Issued: April 27, 2018