Community West Bank Mortgage Rates, Fees & Info
Goleta, CALEI: 549300FKX3KC0CFK2D88
Tax ID: 77-0194455
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Mortgage Data
Bank Data
Review & Overview
Community West Bank is a smaller bank specializing in Home Purchase loans. Community West Bank has a high proportion of conventional loans. Their top markets by origination volume include: Los Angeles, San Jose, Oxnard, Santa Maria, and San Luis Obispo among others. We have data for 9 markets. (Some data included below & more in-depth data is available with an active subscription.)Community West Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
313Origination Dollar Volume (All Markets)
$58,695,000Employee count
139Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 53 | $14,705,000 | $277,453 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 67 | $13,935,000 | $207,985 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 66 | $9,700,000 | $146,970 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 54 | $9,220,000 | $170,741 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 29 | $4,765,000 | $164,310 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 13 | $2,325,000 | $178,846 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 20 | $2,250,000 | $112,500 | $0 | 0.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 10 | $1,700,000 | $170,000 | $0 | 0.00% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 313 | $58,695,000 | $187,524 | $0 | 0.00% |
For 2018, Community West Bank's most frequently originated type of loan was Conventional, with 313 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 266 | $52,300,000 | $196,617 | $0 | 0.00% |
| Refi | 25 | $4,125,000 | $165,000 | $0 | 0.00% |
| Cash Out Refi | 22 | $2,270,000 | $103,182 | $0 | 0.00% |
For 2018, Community West Bank's most frequently cited loan purpose was Home Purchase, with 266 originations. The 2nd most popular reason was Refi, with 25 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 313 | $58,695,000 | $187,524 | $0 | 0.00% |
For 2018, Community West Bank's most frequently cited loan duration was Other, with 313 originations.
Loan Sizing
2018 saw Community West Bank place emphasis on $100k-200k loans with 134 originations, totaling $19,100,000 in origination value.
Applicant Income
Community West Bank lent most frequently to those with incomes in the $50k-75k range, with 78 originations. The second most popular income band? $75k-100k, with 75 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 313 | $58,695,000 | $187,524 | $0 | 0.00% |
Community West Bank lent most frequently to those with DTI ratios of Exempt%, with 313 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.39%
Community West Bank has a below average approval rate.
Pick Rate
Approvals leading to origination60.06%
Community West Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 313 | $58,695,000 | $187,524 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 313 | $58,695,000 | $187,524 |
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Community Lending of America, Inc. | VA mortgage | Closing on a mortgage | 1 | 100.0% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Community West Bank, National Association | 1463 South Victoria Avenue Ventura, CA 93003 | Full Service B&M | $68,807 |
| Community West Bank, National Association | 1501 State Street Santa Barbara, CA 93101 | Full Service B&M | $62,487 |
| Community West Bank, National Association | 2615 South Miller Street Santa Maria, CA 93455 | Full Service B&M | $39,655 |
| Community West Bank, National Association | 300 East Esplanade Drive Oxnard, CA 93036 | Full Service B&M | $18,663 |
| Community West Bank, National Association | 445 Pine Avenue Goleta, CA 93117 | Limited, Administrative | $0 |
| Community West Bank, National Association | 4464 Broad Street San Luis Obispo, CA 93401 | Full Service B&M | $19,897 |
| Community West Bank, National Association | 5827 Hollister Avenue Goleta, CA 93117 | Full Service B&M | $465,848 |
| Community West Bank, National Association | 951 S. Westlake Blvd Ste 100 Westlake Village, CA 91361 | Full Service B&M | $28,518 |
For 2018, Community West Bank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $42,367 |
| Net interest income | $33,709 |
| Total noninterest income | $2,597 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $459 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,138 |
| Pre-tax net operating income | $10,895 |
| Securities gains (or losses, -) | $-36 |
| Income before extraordinary items | $7,844 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $7,844 |
| Minority interest net income | $0 |
| Net income | $7,844 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $7,872 |
Community West Bank's gross interest income from loans was $42,367,000.
Community West Bank's net interest income from loans was $33,709,000.
Community West Bank's fee based income from loans was $459,000.
Community West Bank's net income from loans was $7,844,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $8,658 |
| Provision for credit losses | $-45 |
| Total noninterest expense | $25,456 |
| Salaries and employee benefits | $16,326 |
| Premises and equipment expense | $3,594 |
| Additional noninterest expense | $5,536 |
| Applicable income taxes | $3,015 |
| Net charge-offs | $-257 |
| Cash dividends | $6,658 |
Community West Bank's interest expense for loans was $8,658,000.
Community West Bank's payroll and benefits expense were $16,326,000.
Community West Bank's property, plant and equipment expenses $3,594,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 2.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 5.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $716,305 |
| Deposits held in domestic offices | $716,305 |
| Deposits by Individuals, partnerships, and corporations | $503,967 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $125,247 |
| Deposits by Commercial banks and other depository institutions in U.S. | $87,091 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $131,545 |
| Demand deposits | $108,460 |
| Nontransaction accounts | $584,760 |
| Money market deposit accounts (MMDAs) | $247,346 |
| Other savings deposits (excluding MMDAs) | $14,641 |
| Total time deposits | $322,772 |
| Total time and savings deposits | $607,845 |
| Noninterest-bearing deposits | $108,460 |
| Interest-bearing deposits | $607,845 |
| Retail deposits | $510,534 |
| IRAs and Keogh plan accounts | $8,643 |
| Brokered deposits | $117,479 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $868,681 |
| Cash & Balances due from depository institutions | $56,907 |
| Interest-bearing balances | $53,932 |
| Total securities | $32,353 |
| Federal funds sold & reverse repurchase | $8 |
| Net loans and leases | $751,196 |
| Loan and leases loss allowance | $8,547 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,382 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $101 |
| All other assets | $21,734 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $868,681 |
| Total Liabilities | $796,253 |
| Total deposits | $716,305 |
| Interest-bearing deposits | $607,845 |
| Deposits held in domestic offices | $716,305 |
| % insured (estimated) | $66 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $70,000 |
| Subordinated debt | $0 |
| All other liabilities | $9,948 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $751,196 |
| Loan and leases loss allowance | $8,547 |
| Total loans and leases (domestic) | $759,743 |
| All real estate loans | $464,676 |
| Real estate loans in domestic offices | $464,676 |
| Construction and development loans | $66,527 |
| Residential 1-4 family construction | $6,012 |
| Other construction, all land development and other land | $60,515 |
| Loans secured by nonfarm nonresidential properties | $267,414 |
| Nonfarm nonresidential secured by owner-occupied properties | $107,628 |
| Commercial real estate & other non-farm, non-residential | $159,786 |
| Multifamily residential real estate | $24,218 |
| 1-4 family residential loans | $35,195 |
| Farmland loans | $71,322 |
| Loans held in foreign offices | $0 |
| Farm loans | $5,161 |
| Commercial and industrial loans | $43,155 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $247,154 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $247,154 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $1,218 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $4,820 |
| Non 1-4 family restructured loans & leases | $4,820 |
| Total loans and leases (foreign) | $0 |
Community West Bank had $751,196,000 of loans outstanding in 2018. $464,676,000 of loans were in real estate loans. $66,527,000 of loans were in development loans. $24,218,000 of loans were in multifamily mortgage loans. $35,195,000 of loans were in 1-4 family mortgage loans. $5,161,000 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 222 | $73,219 | $329,815 |
| Nonfarm, nonresidential loans - <$100k | 20 | $538 | $26,900 |
| Nonfarm, nonresidential loans - $100-250k | 36 | $5,020 | $139,444 |
| Nonfarm, nonresidential loans - $250k-1MM | 166 | $67,661 | $407,596 |
| Commercial & Industrial, US addressed loans - <$1MM | 141 | $18,487 | $131,113 |
| Commercial & Industrial, US addressed loans - <$100k | 59 | $1,771 | $30,017 |
| Commercial & Industrial, US addressed loans - $100-250k | 49 | $6,919 | $141,204 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 33 | $9,797 | $296,879 |
| Farmland loans - <$1MM | 23 | $6,226 | $270,696 |
| Farmland loans - <$100k | 2 | $160 | $80,000 |
| Farmland loans - $100-250k | 8 | $1,364 | $170,500 |
| Farmland loans - $250k-1MM | 13 | $4,702 | $361,692 |
| Agriculture operations loans - <$1MM | 3 | $1,107 | $369,000 |
| Agriculture operations loans - $250k-1MM | 3 | $1,107 | $369,000 |