Community West Bancshares · NASDAQ:CWBC
Community West Bancshares — Central Valley Community Bancorp — Sandler O'Neill Partners conference (March 2017)
17 slides from Community West Bancshares's conference presentation, Mar 9, 2017
Slide 1: Investor Presentation Sandler O'Neill Partners
Investor Presentation Sandler O’Neill Partners March 7, 2017 Jim Ford President & CEO Dave Kinross EVP CFO
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 Forward-looking Statements -- Certain matters discussed constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained herein that are not historical facts, such as statements regarding the Compa
Slide 3: Experienced Management Team
Experienced Management Team 3 Executive Position Years at CVCY Years of Experience James M. Ford President & CEO 3 37 David A. Kinross EVP, Chief Financial Officer 11 27 Gary D. Quisenberry EVP Commercial & Business Banking 17 32 Lydia E. Shaw EVP Community Banking 10 32 Patrick J. Carman EVP, Chief
Slide 4: Overview
Overview 4 NASDAQ Symbol CVCY Market Capitalization $260.8 Million Institutional Ownership 40% Insider Ownership 14% Total Assets $1.4 Billion Headquarters Fresno, CA Number of Branches 22 Year Established 1980 Strategic Footprint Bakersfield to Sacramento 22 Branches in 9 Contiguous Counties As of
Slide 5: Financial Highlights
Financial Highlights 5 2016 2015 Total Average Assets $1.32 Billion $1.22 Billion Net Income $15.18 Million $10.96 Million Diluted EPS $1.33 $1.00 Net Interest Margin 4.09% 4.01% ROA 1.15% 0.90% ROE 9.84% 8.12% Cash Dividends per share $0.24 $0.18 Total Cost of Funds 0.09% 0.09% NPAs to Total Assets
Slide 6: Attractive Investment Opportunity
Attractive Investment Opportunity 6 As of Jan. 31, 2017 Source: NASDAQ Monthly Closing Price Data 0 5 10 15 20 25 1/1/2010 1/1/2011 1/1/2012 1/1/2013 1/1/2014 1/1/2015 1/1/2016 1/1/2017 P ri ce CVCY Stock Price
Slide 7: Growing Franchise
Growing Franchise 7 Note: Acquisition of Visalia Community Bank occurred on July 1, 2013 and Acquisition of Sierra Vista Bank occurred on October 1, 2016 800,178 853,078 986,924 1,157,483 1,222,526 1,321,007 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 1,600,000 2011 2012 2013 201
Slide 8: Net Income and NIM
Net Income and NIM 8 6,477 7,520 8,250 5,294 10,964 15,182 4.63 4.21 4.09 4.11 4.01 4.09 3.70 3.80 3.90 4.00 4.10 4.20 4.30 4.40 4.50 4.60 4.70 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 2011 2012 2013 2014 2015 2016 Pe rc e n t Th o u sa n d s Net Income Net Interest Margin
Slide 9: Steady Deposit Growth and Lowest Cost of Funds
Steady Deposit Growth and Lowest Cost of Funds 9 677,789 719,601 848,493 1,006,560 1,065,798 1,144,231 0.39 0.23 0.15 0.11 0.09 0.09 0.00 0.05 0.10 0.15 0.20 0.25 0.30 0.35 0.40 0.45 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 2011 2012 2013 2014 2015 2016 Pe rc e n t Th o u sa n
Slide 10: Attractive Deposit Mix
Attractive Deposit Mix 10 Non-Interest Bearing 40% Now/Savings 28% Money Market 20% TCDs 12% As of Dec. 31, 2016 Total Deposits = $1.26 Billion
Slide 11: Loan Totals and Yield
Loan Totals and Yield 11 412,969 394,575 445,300 533,531 578,899 644,282 6.32 6.06 5.96 5.53 5.27 5.29 4.60 4.80 5.00 5.20 5.40 5.60 5.80 6.00 6.20 6.40 0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 2011 2012 2013 2014 2015 2016 Pe rc e n t Th o u sa n d s Average Total Loans Total Loans
Slide 12: Balanced Loan Portfolio
Balanced Loan Portfolio 12 Commercial & Industrial, 12% Agriculture Production & Land, 15% Owner Occupied Real Estate, 25% R/E Construction & Land, 9% Commercial Real Estate, 24% Other Real Estate, 3% Equity Loans and Lines, 9% Consumer & Installment, 3% As of Dec. 31, 2016 Excludes Deferred Loan Fe
Slide 13: Agricultural Loan Commitments
Agricultural Loan Commitments 13 Almonds 23% Table Grapes 12% Open Land 12% Walnuts 11% Wine Grapes 9% Other 8% Tomatoes 6% Raisins 5% Cherries 4% Tree Fruit 3% Cotton 3% Pistachios 1% Citrus 1% Wheat 1% Alfalfa 1% As of Dec. 31, 2016
Slide 14: Conservative Investment Portfolio
Conservative Investment Portfolio 14 US Government Agencies 13% Municipal Securities 53% Agency CMO, MBS & Other Securities 33% Equity Mutual Funds 1% As of Dec. 31, 2016 Total = $551 Million Yield = 3.09% Duration 3.27 Years
Slide 15: Investing in Relationships
15 Investing in Relationships
Slide 16: On the Horizon
On the Horizon 16 Organic Loan Growth Evaluate Merger Opportunities Improve Efficiencies Fee Income Improvements Relationship Pricing & Customer Profitability Monitor Agriculture Impacts from Water, Regulation, Labor and Global Pricing
Slide 17: Investing in Relationships
17 Investing in Relationships
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