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: San Jose, Santa Maria, Oxnard, Los Angeles, and San Luis Obispo among others. We have data for 8 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
264Origination Dollar Volume (All Markets)
$50,150,000Employee count
133Top 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 |
|---|---|---|---|---|---|
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 58 | $12,160,000 | $209,655 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 55 | $11,425,000 | $207,727 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 71 | $10,125,000 | $142,606 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 31 | $9,465,000 | $305,323 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 20 | $2,440,000 | $122,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 14 | $1,970,000 | $140,714 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 10 | $1,380,000 | $138,000 | $0 | 0.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 5 | $1,185,000 | $237,000 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 264 | $50,150,000 | $189,962 | $0 | 0.00% |
For 2019, Community West Bank's most frequently originated type of loan was Conventional, with 264 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 233 | $45,875,000 | $196,888 | $0 | 0.00% |
| Cash Out Refi | 18 | $2,270,000 | $126,111 | $0 | 0.00% |
| Refi | 13 | $2,005,000 | $154,231 | $0 | 0.00% |
For 2019, Community West Bank's most frequently cited loan purpose was Home Purchase, with 233 originations. The 2nd most popular reason was Cash Out Refi, with 18 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 264 | $50,150,000 | $189,962 | $0 | 0.00% |
For 2019, Community West Bank's most frequently cited loan duration was Other, with 264 originations.
Loan Sizing
2019 saw Community West Bank place emphasis on $100k-200k loans with 131 originations, totaling $19,415,000 in origination value.
Applicant Income
Community West Bank lent most frequently to those with incomes in the $100k-150k range, with 67 originations. The second most popular income band? $75k-100k, with 67 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 264 | $50,150,000 | $189,962 | $0 | 0.00% |
Community West Bank lent most frequently to those with DTI ratios of Exempt%, with 264 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.23%
Community West Bank has an average approval rate.
Pick Rate
Approvals leading to origination55.30%
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 | 264 | $50,150,000 | $189,962 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 264 | $50,150,000 | $189,962 |
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Closing on a mortgage | 1 | 20.0% |
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Trouble during payment process | 3 | 60.0% |
| COMMUNITY BANK SYSTEM, INC. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 20.0% |
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 | $78,777 |
| Community West Bank, National Association | 1501 State Street Santa Barbara, CA 93101 | Full Service B&M | $103,998 |
| Community West Bank, National Association | 2615 South Miller Street Santa Maria, CA 93455 | Full Service B&M | $39,894 |
| Community West Bank, National Association | 300 East Esplanade Drive, Suite 100-A Oxnard, CA 93036 | Full Service B&M | $22,333 |
| 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 | $27,217 |
| Community West Bank, National Association | 541 Spring Street Paso Robles, CA 93446 | Full Service B&M | $7,822 |
| Community West Bank, National Association | 5827 Hollister Avenue Goleta, CA 93117 | Full Service B&M | $454,546 |
| Community West Bank, National Association | 951 S. Westlake Blvd Ste 100 Westlake Village, CA 91361 | Full Service B&M | $31,224 |
For 2019, Community West Bank had 9 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $45,512 |
| Net interest income | $34,241 |
| Total noninterest income | $3,545 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $567 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $2,978 |
| Pre-tax net operating income | $11,472 |
| Securities gains (or losses, -) | $46 |
| Income before extraordinary items | $8,145 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,145 |
| Minority interest net income | $0 |
| Net income | $8,145 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,108 |
Community West Bank's gross interest income from loans was $45,512,000.
Community West Bank's net interest income from loans was $34,241,000.
Community West Bank's fee based income from loans was $567,000.
Community West Bank's net income from loans was $8,145,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $11,271 |
| Provision for credit losses | $-20 |
| Total noninterest expense | $26,334 |
| Salaries and employee benefits | $17,022 |
| Premises and equipment expense | $3,619 |
| Additional noninterest expense | $5,693 |
| Applicable income taxes | $3,373 |
| Net charge-offs | $-190 |
| Cash dividends | $1,966 |
Community West Bank's interest expense for loans was $11,271,000.
Community West Bank's payroll and benefits expense were $17,022,000.
Community West Bank's property, plant and equipment expenses $3,619,000.
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 | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 6.0% |
| 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 | $751,904 |
| Deposits held in domestic offices | $751,904 |
| Deposits by Individuals, partnerships, and corporations | $562,652 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $118,565 |
| Deposits by Commercial banks and other depository institutions in U.S. | $70,687 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $137,335 |
| Demand deposits | $111,813 |
| Nontransaction accounts | $614,569 |
| Money market deposit accounts (MMDAs) | $288,756 |
| Other savings deposits (excluding MMDAs) | $15,690 |
| Total time deposits | $310,123 |
| Total time and savings deposits | $640,091 |
| Noninterest-bearing deposits | $111,813 |
| Interest-bearing deposits | $640,091 |
| Retail deposits | $540,024 |
| IRAs and Keogh plan accounts | $7,360 |
| Brokered deposits | $117,699 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $913,700 |
| Cash & Balances due from depository institutions | $82,657 |
| Interest-bearing balances | $80,123 |
| Total securities | $25,563 |
| Federal funds sold & reverse repurchase | $3 |
| Net loans and leases | $766,846 |
| Loan and leases loss allowance | $8,717 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $14,208 |
| Other real estate owned | $2,524 |
| Goodwill and other intangibles | $845 |
| All other assets | $21,054 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $913,700 |
| Total Liabilities | $832,529 |
| Total deposits | $751,904 |
| Interest-bearing deposits | $640,091 |
| Deposits held in domestic offices | $751,904 |
| % insured (estimated) | $61 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $65,000 |
| Subordinated debt | $0 |
| All other liabilities | $15,625 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $766,846 |
| Loan and leases loss allowance | $8,717 |
| Total loans and leases (domestic) | $775,563 |
| All real estate loans | $479,472 |
| Real estate loans in domestic offices | $479,472 |
| Construction and development loans | $40,074 |
| Residential 1-4 family construction | $9,945 |
| Other construction, all land development and other land | $30,129 |
| Loans secured by nonfarm nonresidential properties | $316,823 |
| Nonfarm nonresidential secured by owner-occupied properties | $100,213 |
| Commercial real estate & other non-farm, non-residential | $216,610 |
| Multifamily residential real estate | $24,390 |
| 1-4 family residential loans | $34,771 |
| Farmland loans | $63,414 |
| Loans held in foreign offices | $0 |
| Farm loans | $6,385 |
| Commercial and industrial loans | $32,478 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $257,293 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $257,293 |
| 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 | $601 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $2,008 |
| Non 1-4 family restructured loans & leases | $2,008 |
| Total loans and leases (foreign) | $0 |
Community West Bank had $766,846,000 of loans outstanding in 2019. $479,472,000 of loans were in real estate loans. $40,074,000 of loans were in development loans. $24,390,000 of loans were in multifamily mortgage loans. $34,771,000 of loans were in 1-4 family mortgage loans. $6,385,000 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 | 192 | $65,733 | $342,359 |
| Nonfarm, nonresidential loans - <$100k | 19 | $676 | $35,579 |
| Nonfarm, nonresidential loans - $100-250k | 23 | $3,069 | $133,435 |
| Nonfarm, nonresidential loans - $250k-1MM | 150 | $61,988 | $413,253 |
| Commercial & Industrial, US addressed loans - <$1MM | 124 | $14,869 | $119,911 |
| Commercial & Industrial, US addressed loans - <$100k | 61 | $2,306 | $37,803 |
| Commercial & Industrial, US addressed loans - $100-250k | 36 | $4,813 | $133,694 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 27 | $7,750 | $287,037 |
| Farmland loans - <$1MM | 20 | $5,104 | $255,200 |
| Farmland loans - <$100k | 2 | $120 | $60,000 |
| Farmland loans - $100-250k | 7 | $1,254 | $179,143 |
| Farmland loans - $250k-1MM | 11 | $3,730 | $339,091 |
| Agriculture operations loans - <$1MM | 3 | $498 | $166,000 |
| Agriculture operations loans - $100-250k | 2 | $264 | $132,000 |
| Agriculture operations loans - $250k-1MM | 1 | $234 | $234,000 |