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, Los Angeles, Santa Maria, Oxnard, 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
337Origination Dollar Volume (All Markets)
$68,555,000Employee count
126Top 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) | 74 | $16,310,000 | $220,405 | $0 | 0.00% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 58 | $16,280,000 | $280,690 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 80 | $16,210,000 | $202,625 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 66 | $9,540,000 | $144,545 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 21 | $3,555,000 | $169,286 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 16 | $2,980,000 | $186,250 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 16 | $2,360,000 | $147,500 | $0 | 0.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $0 | 0.00% |
| VALLEJO, 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 | 337 | $68,555,000 | $203,427 | $0 | 0.00% |
For 2020, Community West Bank's most frequently originated type of loan was Conventional, with 337 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 280 | $59,390,000 | $212,107 | $0 | 0.00% |
| Refi | 40 | $7,110,000 | $177,750 | $0 | 0.00% |
| Cash Out Refi | 17 | $2,055,000 | $120,882 | $0 | 0.00% |
For 2020, Community West Bank's most frequently cited loan purpose was Home Purchase, with 280 originations. The 2nd most popular reason was Refi, with 40 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 337 | $68,555,000 | $203,427 | $0 | 0.00% |
For 2020, Community West Bank's most frequently cited loan duration was Other, with 337 originations.
Loan Sizing
2020 saw Community West Bank place emphasis on $200k-400k loans with 141 originations, totaling $38,065,000 in origination value.
Applicant Income
Community West Bank lent most frequently to those with incomes in the $75k-100k range, with 87 originations. The second most popular income band? $50k-75k, with 83 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 337 | $68,555,000 | $203,427 | $0 | 0.00% |
Community West Bank lent most frequently to those with DTI ratios of Exempt%, with 337 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications84.33%
Community West Bank has a below average approval rate.
Pick Rate
Approvals leading to origination57.86%
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 | 337 | $68,555,000 | $203,427 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 337 | $68,555,000 | $203,427 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Struggling to pay mortgage | 1 | 33.3% |
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Trouble during payment process | 1 | 33.3% |
| COMMUNITY BANK SYSTEM, INC. | Other type of mortgage | Closing on a mortgage | 1 | 33.3% |
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 | $105,027 |
| Community West Bank, National Association | 1501 State Street Santa Barbara, CA 93101 | Full Service B&M | $116,255 |
| Community West Bank, National Association | 2615 South Miller Street Santa Maria, CA 93455 | Full Service B&M | $49,821 |
| Community West Bank, National Association | 300 East Esplanade Drive, Suite 100-A Oxnard, CA 93036 | Full Service B&M | $72,802 |
| 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 | $33,029 |
| Community West Bank, National Association | 541 Spring St Paso Robles, CA 93446 | Full Service B&M | $21,861 |
| Community West Bank, National Association | 5827 Hollister Avenue Goleta, CA 93117 | Full Service B&M | $362,248 |
For 2020, Community West Bank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $43,854 |
| Net interest income | $36,882 |
| Total noninterest income | $3,906 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $354 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,552 |
| Pre-tax net operating income | $12,478 |
| Securities gains (or losses, -) | $-18 |
| Income before extraordinary items | $8,827 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $8,827 |
| Minority interest net income | $0 |
| Net income | $8,827 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $8,841 |
Community West Bank's gross interest income from loans was $43,854,000.
Community West Bank's net interest income from loans was $36,882,000.
Community West Bank's fee based income from loans was $354,000.
Community West Bank's net income from loans was $8,827,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $6,972 |
| Provision for credit losses | $1,223 |
| Total noninterest expense | $27,087 |
| Salaries and employee benefits | $17,957 |
| Premises and equipment expense | $3,568 |
| Additional noninterest expense | $5,562 |
| Applicable income taxes | $3,633 |
| Net charge-offs | $-254 |
| Cash dividends | $1,197 |
Community West Bank's interest expense for loans was $6,972,000.
Community West Bank's payroll and benefits expense were $17,957,000.
Community West Bank's property, plant and equipment expenses $3,568,000.
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 | 1.0% |
| 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 | $766,256 |
| Deposits held in domestic offices | $766,256 |
| Deposits by Individuals, partnerships, and corporations | $667,862 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $74,415 |
| Deposits by Commercial banks and other depository institutions in U.S. | $23,979 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $217,319 |
| Demand deposits | $181,905 |
| Nontransaction accounts | $548,937 |
| Money market deposit accounts (MMDAs) | $362,690 |
| Other savings deposits (excluding MMDAs) | $18,736 |
| Total time deposits | $167,511 |
| Total time and savings deposits | $584,351 |
| Noninterest-bearing deposits | $181,905 |
| Interest-bearing deposits | $584,351 |
| Retail deposits | $668,765 |
| IRAs and Keogh plan accounts | $6,928 |
| Brokered deposits | $69,705 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $975,264 |
| Cash & Balances due from depository institutions | $60,537 |
| Interest-bearing balances | $58,953 |
| Total securities | $22,043 |
| Federal funds sold & reverse repurchase | $1 |
| Net loans and leases | $847,383 |
| Loan and leases loss allowance | $10,194 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $13,195 |
| Other real estate owned | $2,431 |
| Goodwill and other intangibles | $1,461 |
| All other assets | $28,213 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $975,264 |
| Total Liabilities | $886,351 |
| Total deposits | $766,256 |
| Interest-bearing deposits | $584,351 |
| Deposits held in domestic offices | $766,256 |
| % insured (estimated) | $60 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $105,000 |
| Subordinated debt | $0 |
| All other liabilities | $15,095 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $847,383 |
| Loan and leases loss allowance | $10,194 |
| Total loans and leases (domestic) | $857,577 |
| All real estate loans | $474,224 |
| Real estate loans in domestic offices | $474,224 |
| Construction and development loans | $24,226 |
| Residential 1-4 family construction | $2,378 |
| Other construction, all land development and other land | $21,848 |
| Loans secured by nonfarm nonresidential properties | $330,476 |
| Nonfarm nonresidential secured by owner-occupied properties | $85,905 |
| Commercial real estate & other non-farm, non-residential | $244,571 |
| Multifamily residential real estate | $35,385 |
| 1-4 family residential loans | $37,709 |
| Farmland loans | $46,428 |
| Loans held in foreign offices | $0 |
| Farm loans | $4,566 |
| Commercial and industrial loans | $100,001 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $280,311 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $280,311 |
| 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 | $2,171 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $1,106 |
| Non 1-4 family restructured loans & leases | $1,106 |
| Total loans and leases (foreign) | $0 |
Community West Bank had $847,383,000 of loans outstanding in 2020. $474,224,000 of loans were in real estate loans. $24,226,000 of loans were in development loans. $35,385,000 of loans were in multifamily mortgage loans. $37,709,000 of loans were in 1-4 family mortgage loans. $4,566,000 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 | 174 | $60,679 | $348,730 |
| Nonfarm, nonresidential loans - <$100k | 16 | $635 | $39,688 |
| Nonfarm, nonresidential loans - $100-250k | 23 | $3,520 | $153,043 |
| Nonfarm, nonresidential loans - $250k-1MM | 135 | $56,524 | $418,696 |
| Commercial & Industrial, US addressed loans - <$1MM | 610 | $72,871 | $119,461 |
| Commercial & Industrial, US addressed loans - <$100k | 381 | $14,413 | $37,829 |
| Commercial & Industrial, US addressed loans - $100-250k | 138 | $20,289 | $147,022 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 91 | $38,169 | $419,440 |
| Farmland loans - <$1MM | 14 | $3,670 | $262,143 |
| Farmland loans - <$100k | 1 | $66 | $66,000 |
| Farmland loans - $100-250k | 4 | $662 | $165,500 |
| Farmland loans - $250k-1MM | 9 | $2,942 | $326,889 |
| Agriculture operations loans - <$1MM | 5 | $1,066 | $213,200 |
| Agriculture operations loans - $100-250k | 3 | $379 | $126,333 |
| Agriculture operations loans - $250k-1MM | 2 | $687 | $343,500 |