Form 8-K

8-K — Community West Bancshares

Accession: 0001628280-26-066885

Filed: 2026-10-22

Period: 2026-10-22

CIK: 0001127371

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — cvcy-20261022.htm (Primary)

EX-99.1 (cwbc9302026earningsrelease.htm)

GRAPHIC (cwbclogo.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: cvcy-20261022.htm · Sequence: 1

cvcy-20261022

FALSE000112737100011273712026-10-222026-10-22

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: October 22, 2026

(Date of earliest event reported)

COMMUNITY WEST BANCSHARES

(Exact name of registrant as specified in its charter)

(State or other jurisdiction

of incorporation)

000-31977

(Commission File Number)

77-0539125

(IRS Employer

Identification Number)

7100 N. Financial Dr., Ste. 101, Fresno, CA

(Address of principal executive offices)

93720

(Zip Code)

559-298-1775

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Common Stock, no par value CWBC NASDAQ

(Title of Each Class) (Trading Symbol) (Name of Each Exchange on which Registered)

Not Applicable

(Former Name or Former Address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act o

Item 2.02. Results of Operations and Financial Condition

On October 22, 2026, Community West Bancshares issued a press release containing unaudited financial information and accompanying discussion for the quarter ended September 30, 2026. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 8.01. Other Events

On October 21, 2026, the Board of Directors of Community West Bancshares declared a $0.12 per share cash dividend payable on November 20, 2026 to shareholders of record as of November 6, 2026.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

99.1 Press Release of Community West Bancshares dated October 22, 2026

The information in this Form 8-K filed on October 22, 2026 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, regardless of any general incorporation language in such filing.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:

October 22, 2026

COMMUNITY WEST BANCSHARES

By: /s/ Shannon R. Livingston

Shannon R. Livingston

Executive Vice President and Chief Financial Officer (Principal

Accounting Officer)

EX-99.1

Filename: cwbc9302026earningsrelease.htm · Sequence: 2

Document

FOR IMMEDIATE RELEASE

COMMUNITY WEST BANCSHARES REPORTS EARNINGS RESULTS

FOR THE QUARTER ENDED SEPTEMBER 30, 2026,

AND QUARTERLY DIVIDEND

FRESNO, CALIFORNIA...October 22, 2026...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 $8,066,000, and diluted earnings per share of $0.30 for the three months ended September 30, 2026, compared to net income of $10,873,000 and $0.57 per diluted common share for the three months ended September 30, 2025. The Company declared a $0.12 per common share cash dividend, payable on November 20, 2026 to shareholders of record as of November 6, 2026.

“The strength of our Company begins with the relationships our team builds every day,” said James J. Kim, CEO and President of the Company and Bank. “During the third quarter, that work translated into strong core deposit growth and a stronger liquidity position. Our bankers welcomed new clients throughout our Central California territory and deepened existing client relationships while continuing the work of a newly combined organization.”

“As we complete our second full quarter following the United Security Bancshares merger, I am encouraged by the commitment of our team and the confidence our clients place in us. Their consistent support provides a strong foundation as we focus on serving our communities and delivering long-term value for our shareholders.”

FINANCIAL HIGHLIGHTS

•On April 1, 2026, the Company completed its previously announced merger (“Merger”) with United Security Bancshares (“USB”) pursuant to which USB merged with and into the Company, with the Company continuing as the surviving entity. Following the Merger, United Security Bank, a wholly-owned subsidiary of USB, merged with and into Community West Bank (the “Bank”), a wholly-owned subsidiary of the Company, with the Bank continuing as the surviving entity.

•Net income during the third quarter increased to $8.07 million, or $0.30 per diluted common share, compared to net income of $2.70 million and $0.10 per diluted common share, respectively, in the second quarter of 2026.

•The Company recorded a provision for credit losses of $578,000 during the quarter ended September 30, 2026, as compared to $5,635,000 during the trailing quarter. The current quarter provision is attributed to a provision for loan losses totaling $588,000 and a provision to the reserve for unfunded commitments of $89,000, partially offset by a credit to the reserve for held-to-maturity securities of $99,000.

•Gross loans increased by $19.1 million or 0.54% for the quarter ended September 30, 2026 compared to the quarter ended June 30, 2026 and increased $1.0 billion or 40.22% year-to-date. The fair value of loans acquired from USB was $877.8 million as of April 1, 2026.

•Total deposits increased by $101.0 million or 2.45% for the quarter ended September 30, 2026 compared to the quarter ended June 30, 2026 and $1.1 billion or 36.35% year-to-date. Total deposits acquired as a result of the Merger were $1.1 billion as of April 1, 2026. Brokered deposits decreased by $107.5 million or 24.53% for the quarter ended September 30, 2026 compared to the quarter ended June 30, 2026 and decreased $112.8 million or 25.45% year-to-date. The decrease in brokered deposits was a result of the Company’s strengthened liquidity position from strong core deposit growth, which reduced the need for brokered deposit funding during the period. Excluding the quarter-to-date decrease of $107.5 million in brokered deposits, total deposits increased by $208.5 million or 5.66% relative to the quarter ended June 30, 2026.

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Community West Bancshares -- page 2

•Total cost of deposits decreased to 1.27% for the quarter ended September 30, 2026 compared to 1.31% for the quarter ended June 30, 2026, and decreased from 1.39% for the quarter ended December 31, 2025.

•Average non-interest bearing demand deposits as a percentage of total average deposits totaled 34.82% and 34.14% for the quarters ended September 30, 2026 and June 30, 2026, respectively.

•Net interest margin (calculated on a fully tax equivalent basis) increased to 4.65% for the quarter ended September 30, 2026, from 4.56% for the quarter ended June 30, 2026.

•Return on average assets was 0.65% for the quarter ended September 30, 2026 as compared to 0.22% and 1.21% for the quarters ended June 30, 2026 and September 30, 2025, respectively. Return on average assets, excluding the non-core items of merger expenses, expense incurred as a result of a one-time legal settlement, and net loss on sales/calls of securities, was 1.41% for the quarter ended September 30, 2026 as compared to 1.00% and 1.21% for the quarters ended June 30, 2026 and September 30, 2025, respectively. See non-GAAP disclosures for more information.

•Return on average equity was 5.27% for the quarter ended September 30, 2026 as compared to 1.77% and 11.25% for the quarters ended June 30, 2026 and September 30, 2025, respectively. Return on average equity, excluding the non-core items of merger expenses, expense incurred as a result of a one-time legal settlement, and net loss on sales/calls of securities, was 11.61% for the quarter ended September 30, 2026 as compared to 8.10% and 11.27% for the quarters ended June 30, 2026 and September 30, 2025, respectively. See non-GAAP disclosures for more information.

•Capital positions remained strong at September 30, 2026 with a 9.69% Tier 1 Leverage Ratio; a 11.14% Common Equity Tier 1 Ratio; a 11.26% Tier 1 Risk-Based Capital Ratio; and a 13.28% Total Risk-Based Capital Ratio.

“The third quarter financial results reflect organic growth in loans and deposits, a lower cost of deposits, and our tenth consecutive quarter of net interest margin expansion,” said Shannon Livingston, Executive Vice President and Chief Financial Officer. “Strong core deposit growth has strengthened the Company’s funding profile, a direct result of our team’s work to retain and build client relationships.”

“While net income increased as compared with the prior quarter, we look forward to moving beyond merger-related expenses and entering a more normalized fourth quarter. We remain focused on disciplined balance sheet management and translating the earnings capacity of the Company into long-term performance.”

Results of Operations

Three months ended Nine months ended

September 30,

June 30,

September 30,

(In thousands, except share and per-share amounts)

2026

2025 2026 2025

Net interest income before provision for credit losses $ 53,344 $ 50,912 $ 34,944 $ 140,260 $ 100,431

Provision for credit losses 578 5,635 667 6,303 3,239

Net interest income after provision for credit losses 52,766 45,277 34,277 133,957 97,192

Total non-interest income 4,680 (1,970) 2,966 5,497 7,941

Total non-interest expenses 46,168 39,143 22,167 108,298 67,934

Income before provision for income taxes 11,278 4,164 15,076 31,156 37,199

Provision for income taxes 3,212 1,469 4,203 8,906 10,201

Net income $ 8,066 $ 2,695 $ 10,873 $ 22,250 $ 26,998

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Community West Bancshares -- page 3

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.

Reconciliation of GAAP and Non-GAAP Financial Measures

For the Three Months Ended For the Nine Months Ended

September 30,

June 30,

September 30,

(In thousands, except share and per-share amounts)

2026

2026 2025 2026 2025

NET INCOME ADJUSTED FOR NON-CORE ITEMS

Net income (GAAP) $ 8,066 $ 2,695 $ 10,873 $ 22,250 $ 26,998

Merger and conversion related costs:

Personnel and severance 1,825 4,824 — 6,650 —

Professional services 142 2,361 — 2,871 278

Data processing and technology 3,185 502 — 3,687 —

Other 2,014 60 — 1,994 —

Total merger and conversion related costs 7,166 7,747 — 15,202 278

Loss on sales/calls of investment securities 19 5,899 26 5,918 41

Legal settlement 6,615 — — 6,615 —

Income tax impact of non-core items (1) (4,079) (4,034) (8) (8,198) (94)

Comparable net income (non-GAAP) $ 17,787 $ 12,307 $ 10,891 $ 41,787 $ 27,223

DILUTED EARNINGS PER SHARE

Weighted average diluted shares 27,144,648 27,108,920 19,093,544 24,493,822 19,051,291

Diluted earnings per share (GAAP) $ 0.30 $ 0.10 $ 0.57 $ 0.91 $ 1.42

Comparable diluted earnings per share (non-GAAP) $ 0.66 $ 0.45 $ 0.57 $ 1.71 $ 1.43

RETURN ON AVERAGE ASSETS (Annualized)

Average assets $ 5,051,226 $ 4,927,433 $ 3,595,359 $ 4,563,179 $ 3,559,252

Return on average assets (GAAP) 0.65 % 0.22 % 1.21 % 0.65 % 1.01 %

Impact of non-core items 0.76 % 0.78 % — % 0.57 % 0.01 %

Comparable return on average assets (non-GAAP) 1.41 % 1.00 % 1.21 % 1.22 % 1.02 %

RETURN ON AVERAGE EQUITY (Annualized)

Average stockholders' equity $ 612,710 $ 607,758 $ 386,500 $ 546,927 $ 378,037

Return on average equity (GAAP) 5.27 % 1.77 % 11.25 % 5.42 % 9.52 %

Impact of non-core items 6.34 % 6.33 % 0.02 % 4.76 % 0.08 %

Comparable return on average equity (non-GAAP) 11.61 % 8.10 % 11.27 % 10.18 % 9.60 %

EFFICIENCY RATIO

Non-interest expense (GAAP) $ 46,168 $ 39,143 $ 22,167 $ 108,298 $ 67,934

Non-core expenses (13,781) (7,747) — (21,817) (278)

Comparable non-interest expense (non-GAAP) 32,387 31,396 22,167 86,481 67,656

Net interest income (GAAP) 53,344 50,912 34,944 140,260 100,431

Non-interest income (GAAP) 4,680 (1,970) 2,966 5,497 7,941

Loss on sales/calls of investment securities 19 5,899 26 5,918 41

Comparable non-interest income (non-GAAP) $ 4,699 $ 3,929 $ 2,992 $ 11,415 $ 7,982

Efficiency ratio (GAAP) 79.57 % 79.98 % 58.47 % 74.30 % 62.69 %

Comparable efficiency ratio (non-GAAP) 55.80 % 57.25 % 58.43 % 57.02 % 62.41 %

(1) Calculated at statutory tax rate of 29.56%.

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Community West Bancshares -- page 4

Three months ended Nine months ended

September 30,

June 30,

September 30,

(Dollars in thousands)

2026

2025 2026 2025

PRE-TAX PRE-PROVISION RETURN ON AVERAGE ASSETS OR EQUITY

Net income (GAAP) $ 8,066 $ 2,695 $ 10,873 $ 22,250 $ 26,998

Exclude provision for income taxes 3,212 1,469 4,203 8,906 10,201

Exclude provision for credit losses 578 5,635 667 6,303 3,239

Net income before income tax and provision expense (Non-GAAP) $ 11,856 $ 9,799 $ 15,743 $ 37,459 $ 40,438

Net income excluding non-core items (Non-GAAP) 17,787 12,307 10,891 41,787 27,223

Exclude provision for income taxes (Non-GAAP) (1) 7,291 5,503 4,211 17,104 10,295

Exclude provision for credit losses 578 5,635 667 6,303 3,239

Net income excluding non-core items before income tax and provision expense (Non-GAAP) $ 25,656 $ 23,445 $ 15,769 $ 65,194 $ 40,757

RETURN ON AVERAGE ASSETS (Annualized)

Average assets $ 5,051,226 $ 4,927,433 $ 3,595,359 $ 4,563,179 $ 3,559,252

Return on average assets (GAAP) 0.65 % 0.22 % 1.21 % 0.65 % 1.01 %

Pre-tax pre-provision return on average assets (Non-GAAP) 0.94 % 0.80 % 1.75 % 1.09 % 1.51 %

Pre-tax pre-provision excluding non-core items return on average assets (Non-GAAP) 2.03 % 1.90 % 1.75 % 1.90 % 1.53 %

RETURN ON AVERAGE EQUITY (Annualized)

Average stockholders' equity $ 612,710 $ 607,758 $ 386,500 $ 546,927 $ 378,037

Return on average equity (GAAP) 5.27 % 1.77 % 11.25 % 5.42 % 9.52 %

Pre-tax pre-provision return on average equity (Non-GAAP) 7.74 % 6.45 % 16.29 % 9.13 % 14.26 %

Pre-tax pre-provision excluding non-core items return on average equity (Non-GAAP) 16.75 % 15.43 % 16.32 % 15.89 % 14.37 %

(1) Calculated as GAAP provision for income taxes plus income tax impact of non-core items at statutory tax rate of 29.56%.

September 30,

June 30,

March 31,

December 31,

September 30,

(Dollars in thousands)

2026

2026 2026 2025 2025

TANGIBLE COMMON EQUITY

Shareholders’ equity (GAAP) $ 602,186 $ 607,820 $ 419,203 $ 409,588 $ 397,576

Exclude goodwill 155,088 154,600 96,828 96,828 96,828

Exclude other intangibles assets 30,849 32,723 8,015 8,266 8,516

Tangible common equity (Non-GAAP) $ 416,249 $ 420,497 $ 314,360 $ 304,494 $ 292,232

TANGIBLE COMMON EQUITY PER SHARE

Tangible shareholders’ equity (Non-GAAP) $ 416,249 $ 420,497 $ 314,360 $ 304,494 $ 292,232

Common shares outstanding at end of period 27,134,636 27,131,078 19,185,275 19,163,452 19,138,677

Common shareholders’ equity (book value) per share (GAAP) $ 22.19 $ 22.40 $ 21.85 $ 21.37 $ 20.77

Tangible common shareholders’ equity (tangible book value) per share (Non-GAAP) $ 15.34 $ 15.50 $ 16.39 $ 15.89 $ 15.27

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Community West Bancshares -- page 5

For the quarter ended September 30, 2026, the Company reported unaudited consolidated net income of $8,066,000 and diluted earnings per common share of $0.30, compared to consolidated net income of $2,695,000 and $0.10 per fully diluted share for the trailing quarter, and consolidated net income of $10,873,000 and $0.57 per diluted share for the same period in 2025. The Company's earnings during the quarter were impacted from merger expenses and an expense incurred as a result of a one-time legal settlement as compared to the prior quarter, partially offset by a lower loan loss provision as compared to the quarter.

For the nine months ended September 30, 2026, the Company reported unaudited consolidated net income of $22,250,000 and diluted earnings per common share of $0.91, compared to consolidated net income of $26,998,000 and $1.42 per diluted share for the same period in 2025. The net income for the period decreased as compared to the prior year due to an increase in net realized losses on sales and calls of investment securities of $5,877,000, expense incurred as a result of a one-time legal settlement of $6,615,000, an increase in the provision for credit losses of $3,064,000, and an increase in merger expenses of $14,924,000.

Annualized return on average assets (ROAA) was 0.65% for the quarter ended September 30, 2026 compared to 1.21% for the same period in 2025. Annualized return on average equity (ROAE) for the quarter ended September 30, 2026 was 5.27%, compared to 11.25% for the same period of 2025. Annualized return on average assets (ROAA) excluding non-core items (Non-GAAP) was 1.41% for the quarter ended September 30, 2026 compared to 1.21% for the same period in 2025. Annualized return on average equity (ROAE) excluding non-core items (Non-GAAP) for the quarter ended September 30, 2026 was 11.61%, compared to 11.27% for the same period of 2025.

The effective yield on average investment securities, including interest earning deposits in other banks and Federal funds sold, was 3.25% for the quarter ended September 30, 2026, compared to 2.96% for the quarter ended September 30, 2025 and 3.05% for the quarter ended June 30, 2026. The effective yield on average investment securities, including interest earning deposits in other banks and Federal funds sold, was 3.05% for the nine months ended September 30, 2026, compared to 2.98% for the nine months ended September 30, 2025.

Total average loans, including non-accrual loans, increased by $1,158,515,000 to $3,575,670,000 for the quarter ended September 30, 2026, from $2,417,155,000 for the quarter ended September 30, 2025 and increased by $73,558,000 from $3,502,112,000 for the quarter ended June 30, 2026. The year over year increase was due to the completed Merger as of April 1, 2026 combined with organic loan growth throughout the Company’s footprint. The effective yield on average loans was 6.73% for the quarter ended September 30, 2026, compared to 6.65% and 6.76% for the quarters ended September 30, 2025 and June 30, 2026, respectively. Total average loans increased by $822,314,000 to $3,190,138,000 for the nine months ended September 30, 2026, from $2,367,824,000 for the nine months ended September 30, 2025. The effective yield on average loans was 6.73% for the nine months ended September 30, 2026, compared to 6.68% for the nine months ended September 30, 2025.

The Company’s net interest margin (fully tax equivalent basis) was 4.65% for the quarter ended September 30, 2026, compared to 4.20% for the quarter ended September 30, 2025 and 4.56% for the quarter ended June 30, 2026. Net interest income, before provision for credit losses, increased by $18,400,000 or 52.66%, to $53,344,000 for the third quarter of 2026, compared to $34,944,000 for the same period in 2025. In addition to the increase in average loans due to the Merger with USB and organic loan growth, the Company's yield on interest earning assets has increased from 5.62% for the quarter ended September 30, 2025 to 5.94% for the quarter ended September 30, 2026. Additionally, the Company benefited from a decrease in the cost on interest-bearing liabilities, in which the cost of total deposits decreased to 1.27% from 1.39% when comparing the quarters ended September 30, 2026 and 2025. The decrease in the cost of deposits is primarily attributed to the addition of the USB deposit portfolio which carried an overall lower interest cost. This decrease was further driven by strong organic deposit growth that allowed the maturation and payoff of brokered deposits during the quarter. Net interest margin during the three months ended September 30, 2026 and 2025 and June 30, 2026 benefited by approximately 38 basis points ($4,391,000), 28 basis points ($2,328,000), and 44 basis points ($4,960,000), respectively, from the net accretion of fair value marks.

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Community West Bancshares -- page 6

The Company’s net interest margin (fully tax equivalent basis) was 4.53% for the nine months ended September 30, 2026, compared to 4.12% for the nine months ended September 30, 2025. Net interest income, before provision for credit losses, increased $39,829,000 or 39.66%, to $140,260,000 for the nine months ended September 30, 2026, compared to $100,431,000 for the same period in 2025. The accretion on loan marks of acquired loans increased interest income by $11,914,000 and $8,866,000 during the nine months ended September 30, 2026 and 2025, respectively. Net interest margin during the nine months ended September 30, 2026 and 2025 benefited by approximately 37 basis points ($11,604,000) and 26 basis points ($6,443,000), respectively, from the net accretion of the 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)

2026

$ Change % Change

Gain on sale of loans $ 1,677 $ 182 $ 1,495 821.4 %

Interchange fees 785 836 (51) (6.1) %

Service charges 673 1,038 (365) (35.2) %

Appreciation in cash surrender value of bank owned life insurance 530 522 8 1.5 %

Federal Home Loan Bank dividends 478 217 261 120.3 %

Loan placement fees 191 299 (108) (36.1) %

Net realized losses on sales and calls of investment securities (19) (5,899) 5,880 (99.7) %

Other income 365 835 (470) (56.3) %

Total non-interest income $ 4,680 $ (1,970) $ 6,650 (337.6) %

Three months ended

September 30,

(Dollars in thousands)

2026

2025

$ Change % Change

Gain on sale of loans $ 1,677 $ 107 $ 1,570 1467.3 %

Interchange fees 785 493 292 59.2 %

Service charges 673 519 154 29.7 %

Appreciation in cash surrender value of bank owned life insurance 530 379 151 39.8 %

Federal Home Loan Bank dividends 478 240 238 99.2 %

Loan placement fees 191 215 (24) (11.2) %

Gain on proceeds from death benefits — 198 (198) (100.0) %

Net realized losses on sales and calls of investment securities (19) (26) 7 (26.9) %

Other income 365 841 (476) (56.6) %

Total non-interest income $ 4,680 $ 2,966 $ 1,714 57.8 %

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Community West Bancshares -- page 7

Nine months ended

September 30,

(Dollars in thousands)

2026

2025

$ Change % Change

Service charges $ 2,229 $ 1,526 $ 703 46.1 %

Interchange fees 2,085 1,501 584 38.9 %

Gain on sale of loans 1,891 343 1,548 451.3 %

Appreciation in cash surrender value of bank owned life insurance 1,430 1,117 313 28.0 %

Federal Home Loan Bank dividends 1,251 718 533 74.2 %

Loan placement fees 636 632 4 0.6 %

Gain on proceeds from death benefits — 198 (198) (100.0) %

Net realized losses on sales and calls of investment securities (5,918) (41) (5,877) 14334.1 %

Other income 1,893 1,947 (54) (2.8) %

Total non-interest income $ 5,497 $ 7,941 $ (2,444) (30.8) %

The increase in non-interest income quarter-to-date was primarily due to an increase in gain on sale of loans and minimal realized losses in the investment portfolio. The decrease in non-interest income year-to-date as compared to the prior year-to-date period was due to the net realized losses on sales within the investment portfolio. The investment sales proceeds were reinvested into higher yielding investment securities during the end of the second quarter 2026 and are accretive to income beginning in the third quarter. Partially offsetting these losses for the year-to-date period were increases in service charges, interchange fees, gain on sale of loans, bank-owned life insurance, and FHLB dividends, all of which benefited from the expanded client and asset base resulting from the Merger with USB completed on April 1, 2026.

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)

2026

$ Change % Change

Salaries and employee benefits $ 16,667 $ 16,318 $ 349 2.1 %

Merger and acquisition expense 7,167 7,746 (579) (7.5) %

Legal settlement 6,615 — 6,615 — %

Occupancy and equipment 3,958 3,803 155 4.1 %

Information technology 2,675 2,658 17 0.6 %

Amortization of core deposit intangibles 1,873 1,873 — — %

Data processing expense 1,128 1,218 (90) (7.4) %

Professional services 714 840 (126) (15.0) %

Regulatory assessments 708 706 2 0.3 %

ATM/Debit card expenses 635 677 (42) (6.2) %

Loan related expenses 310 208 102 49.0 %

Directors’ expenses 231 261 (30) (11.5) %

Advertising 218 185 33 17.8 %

Personnel other 64 25 39 156.0 %

Other expense 3,205 2,625 580 22.1 %

Total non-interest expenses $ 46,168 $ 39,143 $ 7,025 17.9 %

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Community West Bancshares -- page 8

Three months ended

September 30,

(Dollars in thousands)

2026

2025 $ Change % Change

Salaries and employee benefits $ 16,667 $ 12,525 $ 4,142 33.1 %

Merger and acquisition expense 7,167 — 7,167 — %

Legal settlement 6,615 — 6,615 — %

Occupancy and equipment 3,958 2,933 1,025 34.9 %

Information technology 2,675 1,711 964 56.3 %

Amortization of core deposit intangibles 1,873 250 1,623 649.2 %

Data processing expense 1,128 748 380 50.8 %

Professional services 714 447 267 59.7 %

Regulatory assessments 708 490 218 44.5 %

ATM/Debit card expenses 635 359 276 76.9 %

Loan related expenses 310 252 58 23.0 %

Directors’ expenses 231 234 (3) (1.3) %

Advertising 218 185 33 17.8 %

Personnel other 64 19 45 236.8 %

Other expense 3,205 2,014 1,191 59.1 %

Total non-interest expenses $ 46,168 $ 22,167 $ 24,001 108.3 %

Nine months ended

September 30,

(Dollars in thousands)

2026

2025

$ Change % Change

Salaries and employee benefits $ 45,748 $ 37,744 $ 8,004 21.2 %

Merger and acquisition expense 15,202 278 14,924 5368.3 %

Occupancy and equipment 10,616 8,554 2,062 24.1 %

Information technology 7,046 5,404 1,642 30.4 %

Legal settlement 6,615 — 6,615 — %

Amortization of core deposit intangibles 3,997 752 3,245 431.5 %

Data processing expense 3,106 2,403 703 29.3 %

Professional services 2,176 1,950 226 11.6 %

Regulatory assessments 1,940 1,479 461 31.2 %

ATM/Debit card expenses 1,658 1,149 509 44.3 %

Directors’ expenses 727 686 41 6.0 %

Loan related expenses 704 628 76 12.1 %

Advertising 604 687 (83) (12.1) %

Personnel other 127 217 (90) (41.5) %

Other expense 8,032 6,003 2,029 33.8 %

Total non-interest expenses $ 108,298 $ 67,934 $ 40,364 59.4 %

The increase in non-interest expenses quarter-to-date was primarily due to an expense incurred as a result of a one-time legal settlement, salaries and employee benefits, and other expenses. Partially offsetting these quarter-to-date increases were decreases in merger expenses, data processing expense, ATM/Debit card expenses and directors’ expenses. The increase in non-interest expenses year-to-date as compared to the prior year-to-date period was driven by merger expenses, the expense incurred as a result of a one-time legal settlement, salaries and employee benefits, information technology, and amortization of core deposit intangibles. The legal settlement resolved ongoing litigation related to a former depositor and resulted in a one-time expense of $6,615,000. Many of these increases are directly attributable to the Company's merger, which closed on April 1, 2026, and the resulting integration of operations.

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Community West Bancshares -- page 9

Balance Sheet Summary

The acquisition of USB has been accounted for using the acquisition method of accounting in accordance with ASC Topic 805. Assets acquired, liabilities assumed, intangibles recognized and consideration exchanged was recorded at their respective acquisition date fair values. Determining the fair value of assets and liabilities involves significant judgment regarding methods and assumptions used to calculate estimated fair values. We recorded the fair values based on the valuations available as of reporting date. In accordance with business combination accounting guidance, we will continue to evaluate these fair values for up to one year following the Merger date of April 1, 2026. While management believes the information available and presented below provide a reasonable basis for estimating fair value, we may obtain additional information and evidence during the measurement period that could result in changes to the estimated fair value amounts. Valuation subject to change include, but not limited to, loans and leases, deposits, deferred tax items, and certain other assets and liabilities.

The following table summarizes the consideration paid for USB and the amounts of assets acquired and liabilities assumed that were recorded at the acquisition date (in thousands):

United Security Bancshares

April 1, 2026

Fair value of consideration transferred:

Fair value of shares issued $ 184,586

Cash consideration 86

Total merger consideration $ 184,672

Assets acquired:

Cash and cash equivalents $ 58,911

Available-for-sale debt securities 136,565

Marketable equity securities 3,407

Loans and leases 877,836

OREO 8,185

Premises and equipment 13,177

Cash value of life insurance 21,387

Core deposit intangibles 26,581

Deferred tax asset, net 15,834

FHLB stock 6,737

Other assets 32,073

Total assets acquired 1,200,693

Liabilities assumed:

Deposits (1,058,485)

Junior sub-debt (6,064)

Salary continuation plans (4,107)

Other liabilities (5,625)

Total liabilities assumed (1,074,281)

Total net assets acquired 126,412

Goodwill created from transaction $ 58,260

Total assets for the period ended September 30, 2026 increased $1,322,771,000 or 35.84%, compared to the period ended December 31, 2025. Total average assets for the quarter ended September 30, 2026 were $5,051,226,000 compared to $3,595,359,000 for the quarter ended September 30, 2025 and $4,927,433,000 for the quarter ended June 30, 2026, an increase of $1,455,867,000 or 40.49% and an increase of $123,793,000 or 2.51%, respectively.

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Community West Bancshares -- page 10

For the quarter ended September 30, 2026, the Company’s average gross investment securities increased by $67,674,000, or 8.26%, compared to the quarter ended September 30, 2025, and decreased by $18,966,000, or 2.09%, compared to the quarter ended June 30, 2026. This increase compared to the prior year was the result of the acquired securities from the Merger with USB during the second quarter. The quarter-over-quarter decrease was due to calls and maturities of available-for-sale securities and held-to-maturity securities outpacing purchases.

In comparing the quarter ended September 30, 2026 to the quarters ended September 30, 2025 and June 30, 2026, total average gross loans increased $1,158,515,000 or 47.93%, and increased by $73,558,000 or 2.10%, respectively. The fair value of loans acquired from USB was $877.8 million as of April 1, 2026. Included in the fair value of loans was an interest rate discount of $37.0 million.

The following table shows the Company’s outstanding loan portfolio composition as of September 30, 2026 and December 31, 2025:

September 30, 2026

December 31, 2025

Loan Type (dollars in thousands) Amount % of Total Amount % of Total

Commercial:

Commercial and industrial $ 276,340 7.8 % $ 156,744 6.2 %

Agricultural production 67,001 1.9 % 34,152 1.3 %

Total commercial 343,341 9.7 % 190,896 7.5 %

Real estate:

Construction & other land loans 225,647 6.3 % 80,452 3.2 %

Commercial real estate - owner occupied 556,074 15.6 % 368,604 14.5 %

Commercial real estate - non-owner occupied 1,255,338 35.2 % 992,486 39.1 %

Farmland 158,213 4.4 % 142,100 5.6 %

Multi-family residential 230,171 6.5 % 199,123 7.8 %

1-4 family - close-ended 305,879 8.6 % 111,741 4.4 %

1-4 family - revolving 47,854 1.3 % 39,818 1.6 %

Total real estate 2,779,176 77.9 % 1,934,324 76.2 %

Consumer:

Manufactured housing 318,711 8.9 % 322,761 12.7 %

Other installment 121,426 3.4 % 92,589 3.6 %

Total consumer 440,137 12.3 % 415,350 16.3 %

Net deferred origination costs 238 0.1 % 287 — %

Total gross loans 3,562,892 100.0 % 2,540,857 100.0 %

Allowance for credit losses (48,633) (30,071)

Total loans $ 3,514,259 $ 2,510,786

The composition of deposits at September 30, 2026 and December 31, 2025 is summarized in the table below:

September 30, 2026

December 31, 2025

(Dollars in thousands) Amount % of Total Amount % of Total

Savings and NOW accounts $ 938,600 22.3 % $ 674,704 21.8 %

MMA accounts 1,305,018 30.9 % 858,354 27.7 %

Time deposits 477,662 11.3 % 503,451 16.3 %

Total interest-bearing 2,721,280 64.5 % 2,036,509 65.8 %

Non-interest bearing 1,499,202 35.5 % 1,058,765 34.2 %

Total deposits $ 4,220,482 100.0 % $ 3,095,274 100.0 %

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Community West Bancshares -- page 11

Total average deposits increased $1,194,832,000 or 38.92%, to $4,265,131,000 for the quarter ended September 30, 2026, compared to $3,070,299,000 for the quarter ended September 30, 2025, and increased $80,696,000, or 1.93%, compared to $4,184,435,000 for the quarter ended June 30, 2026. The increase in average deposits was due to the completion of the Merger with USB and organic growth throughout the Company’s footprint. The Company’s ratio of average non-interest bearing deposits to total deposits was 34.82% for the quarter ended September 30, 2026, compared to 35.79% and 34.14% for the quarters ended September 30, 2025 and June 30, 2026, respectively.

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 $59,277,000 to $178,261,000 compared to $118,984,000 at December 31, 2025. The Company had $41,000,000 in short-term borrowings at September 30, 2026 compared to $73,000,000 at December 31, 2025.

At September 30, 2026 and December 31, 2025, the Company had the following sources of primary and secondary liquidity:

Liquidity Sources (in thousands)

September 30, 2026

December 31, 2025

Cash and cash equivalents $ 178,261 $ 118,984

Unpledged investment securities 352,274 338,235

Excess pledged securities 64,781 85,961

FHLB borrowing remaining availability 998,199 709,391

Unsecured lines of credit availability 150,000 110,000

Funds available through FRB discount window 2,814 3,411

Total $ 1,746,329 $ 1,365,982

Credit Quality

During the third quarter of 2026, the Company recorded net loan charge-offs of $1,377,000 compared to net recoveries of $75,000 for the same period in 2025. The primary reason for loan charge-offs during the quarter was for charge-offs within an acquired student loan portfolio from the Merger, in which the Company recorded a Day 1 allowance of $9.5 million in anticipation of future charge-offs in this portfolio segment. The net charge-off ratio reflects annualized net charge-offs to average loans of 0.15% for the quarter ended September 30, 2026, compared to annualized net recoveries of 0.01% for the quarter ended September 30, 2025.

During the quarter ended September 30, 2026, non-accrual loans increased $18,516,000 to $38,273,000 compared to $19,757,000 at June 30, 2026 and increased $31,318,000 year-to-date to $38,273,000 compared to $6,955,000 at December 31, 2025. The increase in non-accrual loans was due to two relationships that reached 90 days past due during the quarter. These loans are evaluated as collateral dependent loans as of September 30, 2026 and the Company believes the loans are adequately reserved for on an individual basis.

During the quarter ended September 30, 2026, the Company recorded a $588,000 provision for loan losses, compared to $793,000 for the same period in 2025. In addition to the provision for credit losses on loans for the quarter ended September 30, 2026, the Company recorded a credit to the provision for credit losses on held-to-maturity securities of $99,000 as compared to $62,000 in the prior year quarter. The Company recorded a provision for unfunded loan commitments totaling $89,000 for the quarter ended September 30, 2026 compared to a credit to the provision of unfunded loan commitments of $64,000 in the prior year quarter.

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Community West Bancshares -- page 12

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, 2026 % of Total June 30, 2026 % of Total September 30, 2025 % of Total

Pass $ 3,371,353 94.6 % $ 3,370,224 95.1 % $ 2,359,148 96.3 %

Special mention 78,727 2.2 % 63,299 1.8 % 24,925 1.0 %

Substandard 112,812 3.2 % 110,260 3.1 % 67,069 2.7 %

Doubtful — — —

Total $ 3,562,892 100.0 % $ 3,543,783 100.0 % $ 2,451,142 100.0 %

At September 30, 2026, the allowance for credit losses for loans was $48,633,000, compared to $30,071,000 at December 31, 2025, a net increase of $18,562,000 reflecting a provision for loan losses of $5,969,000 and net charge-offs during the period. The primary driver of this increase was the acquisition of USB, which contributed $19.4 million in Day 1 allowance balances across all portfolio segments. As a result of the Company's early adoption of ASU 2025-08, a Day 1 allowance for credit losses was established for acquired loans at the Merger date. The allowance for credit losses as a percentage of total loans was 1.36% as of September 30, 2026 compared to 1.18% at December 31, 2025. The Company believes the allowance for credit losses is adequate to provide for expected credit losses within the loan portfolio at September 30, 2026.

Cash Dividend Declared

On October 21, 2026, 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 20, 2026 to shareholders of record as of November 6, 2026. The Company continues to be well capitalized and expects to maintain adequate capital levels.

About Community West Bank and Bancshares

Effective on April 1, 2026, Community West Bancshares completed its merger with United Security Bancshares, with Community West Bancshares continuing as the surviving entity. Shortly thereafter United Security Bank, a wholly-owned subsidiary of United Security Bancshares, merged with and into Community West Bank, a wholly-owned subsidiary of Community West Bancshares, with Community West Bank continuing as the surviving banking institution. Pursuant to the terms of the merger agreement, each share of United Security Bancshares common stock was converted into the right to receive 0.4520 shares of Community West Bancshares common stock, with cash to be paid in lieu of any fractional shares.

Community West Bancshares (NASDAQ: CWBC) and its wholly-owned subsidiary, Community West 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, Community West 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 Treasury Management Services.

Members of the Company and Bank Board of Directors are: Daniel J. Doyle (Chairman), Jagroop “Jay” Gill (Vice Chairman), James J. Kim (CEO and President), Andriana D. Majarian (Lead Independent Director), Robert H. Bartlein, F.T. “Tommy” Elliott IV, Robert J. Flautt, James W. Lokey, Steven D. McDonald, Martin E. Plourd, Dorothea D. Silva, Kirk B. Stovesand, and Dora Westerlund. Louis C. McMurray and Daniel N. Cunningham are Directors Emeriti.

More information about Community West Bancshares and Community West Bank can be found at www.communitywestbank.com.

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Community West Bancshares -- page 13

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: risks relating to our recently completed acquisition of United Security Bancshares; 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 and the ongoing war in Iran, 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; 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 14

COMMUNITY WEST BANCSHARES

CONSOLIDATED BALANCE SHEETS

(Unaudited)

September 30,

June 30,

September 30,

(In thousands, except share amounts) 2026

2026

2025

ASSETS

Cash and due from banks $ 52,680 $ 73,334 $ 39,823

Interest-earning deposits in other banks 125,581 133,503 81,735

Total cash and cash equivalents 178,261 206,837 121,558

Available-for-sale debt securities, at fair value, net of allowance for credit losses of $0, with an amortized cost of $607,189 at September 30, 2026, $605,273 at June 30, 2026, and $515,813 at September 30, 2025

555,751 570,088 473,075

Held-to-maturity debt securities, at amortized cost less allowance for credit losses of $254 at September 30, 2026, $353 at June 30, 2026, and $724 at September 30, 2025

268,752 276,061 287,082

Equity securities, at fair value 9,738 10,119 6,769

Loans, less allowance for credit losses of $48,633 at September 30, 2026, $49,422 at June 30, 2026, and $29,590 at September 30, 2025

3,514,259 3,494,361 2,421,552

Bank premises and equipment, net 47,792 39,286 23,569

Bank owned life insurance 76,980 76,449 53,783

Federal Home Loan Bank stock 17,250 17,250 10,978

Goodwill 155,088 154,600 96,828

Core deposit intangibles 30,849 32,723 8,516

Accrued interest receivable and other assets 158,368 156,466 108,554

Total assets $ 5,013,088 $ 5,034,240 $ 3,612,264

LIABILITIES AND SHAREHOLDERS’ EQUITY

Deposits:

Non-interest bearing $ 1,499,202 $ 1,451,008 $ 1,091,817

Interest bearing 2,721,280 2,668,454 1,984,114

Total deposits 4,220,482 4,119,462 3,075,931

Borrowings 41,000 175,000 20,000

Senior debt and subordinated debentures 74,912 75,291 69,998

Accrued interest payable and other liabilities 74,508 56,667 48,759

Total liabilities 4,410,902 4,426,420 3,214,688

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: 27,134,636 at September 30, 2026, 27,131,078 at June 30, 2026, and 19,138,677 at September 30, 2025

396,111 395,699 209,671

Retained earnings 252,430 247,619 230,119

Accumulated other comprehensive loss, net of tax (46,355) (35,498) (42,214)

Total shareholders’ equity 602,186 607,820 397,576

Total liabilities and shareholders’ equity $ 5,013,088 $ 5,034,240 $ 3,612,264

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Community West Bancshares -- page 15

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) 2026

2026

2025

2026

2025

INTEREST INCOME:

Interest and fees on loans $ 60,163 $ 58,630 $ 40,384 $ 160,698 $ 118,346

Interest on deposits in other banks 1,363 1,099 1,149 3,312 3,259

Interest and dividends on investment securities:

Taxable 5,395 5,126 4,082 14,393 12,560

Exempt from Federal income taxes 1,259 1,264 1,273 3,789 3,887

Total interest income 68,180 66,119 46,888 182,192 138,052

INTEREST EXPENSE:

Interest on deposits 13,563 13,732 10,785 38,130 31,711

Interest on borrowings 335 539 251 1,086 3,205

Interest on senior debt and subordinated debentures 938 936 908 2,716 2,705

Total interest expense 14,836 15,207 11,944 41,932 37,621

Net interest income before provision for credit losses 53,344 50,912 34,944 140,260 100,431

PROVISION FOR CREDIT LOSSES 578 5,635 667 6,303 3,239

Net interest income after provision for credit losses 52,766 45,277 34,277 133,957 97,192

NON-INTEREST INCOME:

Service charges 673 1,038 519 2,229 1,526

Net realized losses on sales and calls of investment securities (19) (5,899) (26) (5,918) (41)

Other income 4,026 2,891 2,473 9,186 6,456

Total non-interest income 4,680 (1,970) 2,966 5,497 7,941

NON-INTEREST EXPENSES:

Salaries and employee benefits 16,667 16,318 12,525 45,748 37,744

Occupancy and equipment 3,958 3,803 2,933 10,616 8,554

Other expense 25,543 19,022 6,709 51,934 21,636

Total non-interest expenses 46,168 39,143 22,167 108,298 67,934

Income before provision for income taxes 11,278 4,164 15,076 31,156 37,199

PROVISION FOR INCOME TAXES 3,212 1,469 4,203 8,906 10,201

Net income $ 8,066 $ 2,695 $ 10,873 $ 22,250 $ 26,998

Net income per common share:

Basic earnings per common share $ 0.30 $ 0.10 $ 0.57 $ 0.91 $ 1.42

Weighted average common shares used in basic computation 27,083,107 27,051,374 19,019,990 24,427,608 18,980,661

Diluted earnings per common share $ 0.30 $ 0.10 $ 0.57 $ 0.91 $ 1.42

Weighted average common shares used in diluted computation 27,144,648 27,108,920 19,093,544 24,493,822 19,051,291

Cash dividends per common share $ 0.12 $ 0.12 $ 0.12 $ 0.36 $ 0.36

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Community West Bancshares -- page 16

COMMUNITY WEST BANCSHARES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

Sept. 30, Jun. 30, Mar. 31, Dec. 31, Sept. 30,

For the three months ended

2026

2026 2026 2025

2025

(In thousands, except share and per share amounts)

Net interest income $ 53,344 $ 50,912 $ 36,003 $ 35,749 $ 34,944

Provision for credit losses 578 5,635 90 515 667

Net interest income after provision for credit losses 52,766 45,277 35,913 35,234 34,277

Total non-interest income 4,680 (1,970) 2,788 2,547 2,966

Total non-interest expense 46,168 39,143 22,987 22,452 22,167

Provision for income taxes 3,212 1,469 4,225 4,159 4,203

Net income $ 8,066 $ 2,695 $ 11,489 $ 11,170 $ 10,873

Basic earnings per common share $ 0.30 $ 0.10 $ 0.60 $ 0.59 $ 0.57

Weighted average common shares used in basic computation 27,083,107 27,051,374 19,060,177 19,044,351 19,019,990

Diluted earnings per common share $ 0.30 $ 0.10 $ 0.60 $ 0.58 $ 0.57

Weighted average common shares used in diluted computation 27,144,648 27,108,920 19,137,134 19,117,789 19,093,544

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Community West Bancshares -- page 17

COMMUNITY WEST BANCSHARES

SELECTED RATIOS

(Unaudited)

Sept. 30, Jun. 30, Mar. 31, Dec. 31, Sept. 30,

As of and for the three months ended 2026 2026 2026 2025 2025

(Dollars in thousands, except per share amounts)

Allowance for credit losses to total loans 1.36 % 1.39 % 1.19 % 1.18 % 1.21 %

Non-performing assets to total assets 0.93 % 0.56 % 0.62 % 0.19 % 0.20 %

Total non-performing assets $ 46,458 $ 27,942 $ 22,997 $ 6,955 $ 7,072

Total nonaccrual loans $ 38,273 $ 19,757 $ 22,997 $ 6,955 $ 7,072

Total substandard loans $ 112,812 $ 110,260 $ 76,802 $ 78,796 $ 67,069

Total special mention loans $ 78,727 $ 63,299 $ 49,500 $ 54,155 $ 24,925

Net loan charge-offs (recoveries) $ 1,377 $ 5,498 $ (37) $ 118 $ (75)

Net charge-offs (recoveries) to average loans (annualized) 0.15 % 0.63 % (0.01) % 0.02 % (0.01) %

Book value per share $ 22.19 $ 22.40 $ 21.85 $ 21.37 $ 20.77

Tangible book value per share (1) $ 15.34 $ 15.50 $ 16.39 $ 15.89 $ 15.27

Total equity $ 602,186 $ 607,820 $ 419,203 $ 409,588 $ 397,576

Tangible common equity (1) $ 416,249 $ 420,497 $ 314,360 $ 304,494 $ 292,232

Cost of total deposits 1.27 % 1.31 % 1.40 % 1.39 % 1.39 %

Interest and dividends on investment securities exempt from Federal income taxes $ 1,259 $ 1,264 $ 1,265 $ 1,275 $ 1,273

Net interest margin (calculated on a fully tax equivalent basis) (2) 4.65 % 4.56 % 4.30 % 4.24 % 4.20 %

Return on average assets (3) 0.65 % 0.22 % 1.24 % 1.23 % 1.21 %

Return on average equity (3) 5.27 % 1.77 % 10.99 % 11.03 % 11.25 %

Loan to deposit ratio 84.42 % 86.03 % 81.15 % 82.04 % 79.66 %

Efficiency ratio 79.57 % 79.98 % 59.26 % 58.63 % 58.47 %

Tier 1 leverage - Bancorp 9.69 % 9.79 % 9.94 % 9.80 % 9.53 %

Tier 1 leverage - Bank 10.82 % 10.97 % 11.43 % 11.44 % 11.24 %

Common equity tier 1 - Bancorp 11.14 % 11.41 % 11.84 % 11.56 % 11.60 %

Common equity tier 1 - Bank 12.58 % 12.93 % 13.81 % 13.70 % 13.90 %

Tier 1 risk-based capital - Bancorp 11.26 % 11.53 % 12.01 % 11.73 % 11.78 %

Tier 1 risk-based capital - Bank 12.58 % 12.93 % 13.81 % 13.70 % 13.90 %

Total risk-based capital - Bancorp 13.28 % 13.63 % 14.24 % 13.97 % 14.07 %

Total risk based capital - Bank 13.78 % 14.18 % 14.88 % 14.77 % 14.99 %

(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 18

COMMUNITY WEST BANCSHARES

SCHEDULE OF AVERAGE BALANCES AND AVERAGE YIELDS AND RATES

(Unaudited)

For the Three Months Ended

September 30, 2026

For the Three Months Ended

June 30, 2026

For the Three Months Ended

September 30, 2025

(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 $ 142,723 $ 1,363 3.82 % $ 121,366 $ 1,099 3.62 % $ 104,344 $ 1,149 4.40 %

Securities

Taxable securities 650,903 5,395 3.32 % 669,406 5,126 3.06 % 580,463 4,082 2.81 %

Non-taxable securities (1) 235,587 1,593 2.70 % 236,050 1,601 2.71 % 238,353 1,611 2.70 %

Total investment securities 886,490 6,988 3.15 % 905,456 6,727 2.97 % 818,816 5,693 2.78 %

Total securities and interest-earning deposits 1,029,213 8,351 3.25 % 1,026,822 7,826 3.05 % 923,160 6,842 2.96 %

Loans (2) (3) 3,547,861 60,163 6.73 % 3,480,401 58,630 6.76 % 2,410,272 40,384 6.65 %

Total interest-earning assets 4,577,074 $ 68,514 5.94 % 4,507,223 $ 66,456 5.91 % 3,333,432 $ 47,226 5.62 %

Allowance for credit losses (49,172) (46,951) (28,758)

Non-accrual loans 27,809 21,711 6,883

Cash and due from banks 65,675 46,239 35,484

Bank premises and equipment 40,222 30,551 23,963

Other assets 389,618 368,660 224,355

Total average assets $ 5,051,226 $ 4,927,433 $ 3,595,359

LIABILITIES AND SHAREHOLDERS’ EQUITY

Interest-bearing liabilities:

Savings and NOW accounts $ 1,048,973 $ 1,687 0.64 % $ 1,057,005 $ 1,641 0.62 % $ 618,022 $ 1,220 0.78 %

Money market accounts 1,212,551 7,482 2.45 % 1,129,539 7,244 2.57 % 861,403 4,953 2.28 %

Time certificates of deposit 518,603 4,394 3.36 % 569,449 4,847 3.41 % 491,985 4,612 3.72 %

Total interest-bearing deposits 2,780,127 13,563 1.94 % 2,755,993 13,732 2.00 % 1,971,410 10,785 2.17 %

Other borrowed funds 109,991 1,273 4.63 % 129,945 1,475 4.54 % 92,325 1,159 4.91 %

Total interest-bearing liabilities 2,890,118 $ 14,836 2.04 % 2,885,938 $ 15,207 2.11 % 2,063,735 $ 11,944 2.30 %

Non-interest bearing demand deposits 1,485,004 1,428,442 1,098,889

Other liabilities 63,394 5,295 46,235

Shareholders’ equity 612,710 607,758 386,500

Total average liabilities and shareholders’ equity $ 5,051,226 $ 4,927,433 $ 3,595,359

Interest income and rate earned on average earning assets $ 68,514 5.94 % $ 66,456 5.91 % $ 47,226 5.62 %

Interest expense and interest cost related to average interest-bearing liabilities 14,836 2.04 % 15,207 2.11 % 11,944 2.30 %

Net interest income and net interest margin (4) $ 53,678 4.65 % $ 51,249 4.56 % $ 35,282 4.20 %

(1) Calculated on a fully tax equivalent basis, which includes Federal tax benefits relating to income earned on municipal bonds totaling $334, $336, and $338 at September 30, 2026, June 30, 2026, and September 30, 2025, respectively.

(2) Loan interest income includes net loan (costs) fees of $344, $(280), and $(44) at September 30, 2026, June 30, 2026, and September 30, 2025, respectively. Loan interest income includes an accretion on loan marks of $4,498, $5,163, and $2,567 at September 30, 2026, June 30, 2026, and September 30, 2025, 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 19

For the Nine Months Ended

September 30, 2026

For the Nine Months Ended

September 30, 2025

(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 $ 118,460 $ 3,312 3.73 % $ 97,939 $ 3,259 4.44 %

Securities

Taxable securities 628,997 14,393 3.05 % 591,147 12,560 2.83 %

Non-taxable securities (1) 236,094 4,796 2.71 % 239,179 4,921 2.74 %

Total investment securities 865,091 19,189 2.96 % 830,326 17,481 2.81 %

Total securities and interest-earning deposits 983,551 22,501 3.05 % 928,265 20,740 2.98 %

Loans (2) (3) 3,190,138 160,698 6.73 % 2,367,824 118,346 6.68 %

Total interest-earning assets 4,173,689 $ 183,199 5.87 % 3,296,089 $ 139,086 5.64 %

Allowance for credit losses (42,142) (26,933)

Non-accrual loans 20,787 6,306

Cash and due from banks 48,651 35,669

Bank premises and equipment 31,606 24,075

Other assets 330,588 224,046

Total average assets $ 4,563,179 $ 3,559,252

LIABILITIES AND SHAREHOLDERS’ EQUITY

Interest-bearing liabilities:

Savings and NOW accounts $ 934,790 $ 4,496 0.64 % $ 602,208 $ 3,113 0.69 %

Money market accounts 1,071,669 19,809 2.47 % 870,260 15,123 2.32 %

Time certificates of deposit 541,115 13,825 3.42 % 468,520 13,475 3.85 %

Total interest-bearing deposits 2,547,574 38,130 2.00 % 1,940,988 31,711 2.18 %

Other borrowed funds 110,486 3,802 4.59 % 154,957 5,910 5.09 %

Total interest-bearing liabilities 2,658,060 $ 41,932 2.11 % 2,095,945 $ 37,621 2.40 %

Non-interest bearing demand deposits 1,325,598 1,039,444

Other liabilities 32,594 45,826

Shareholders’ equity 546,927 378,037

Total average liabilities and shareholders’ equity $ 4,563,179 $ 3,559,252

Interest income and rate earned on average earning assets $ 183,199 5.87 % $ 139,086 5.64 %

Interest expense and interest cost related to average interest-bearing liabilities 41,932 2.11 % 37,621 2.40 %

Net interest income and net interest margin (4) $ 141,267 4.53 % $ 101,465 4.12 %

(1) Calculated on a fully tax equivalent basis, which includes Federal tax benefits relating to income earned on municipal bonds totaling $1,007 and $1,034 at September 30, 2026 and September 30, 2025, respectively.

(2) Loan interest income includes net loan fees (costs) of $654 and $272 at September 30, 2026 and September 30, 2025, respectively. Loan interest income includes an accretion on loan marks of $11,914 and $8,866 at September 30, 2026 and September 30, 2025, 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

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