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, Santa Maria, Oxnard, San Jose, 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
334Origination Dollar Volume (All Markets)
$68,280,000Employee count
125Top 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) | 50 | $16,350,000 | $327,000 | $0 | 0.00% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 81 | $15,595,000 | $192,531 | $0 | 0.00% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 73 | $12,965,000 | $177,603 | $0 | 0.00% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 60 | $11,790,000 | $196,500 | $0 | 0.00% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 30 | $4,980,000 | $166,000 | $0 | 0.00% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 20 | $2,710,000 | $135,500 | $0 | 0.00% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 14 | $2,620,000 | $187,143 | $0 | 0.00% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 6 | $1,270,000 | $211,667 | $0 | 0.00% |
Their top states include:
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 334 | $68,280,000 | $204,431 | $0 | 0.00% |
For 2021, Community West Bank's most frequently originated type of loan was Conventional, with 334 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 267 | $56,135,000 | $210,243 | $0 | 0.00% |
| Refi | 47 | $8,185,000 | $174,149 | $0 | 0.00% |
| Cash Out Refi | 20 | $3,960,000 | $198,000 | $0 | 0.00% |
For 2021, Community West Bank's most frequently cited loan purpose was Home Purchase, with 267 originations. The 2nd most popular reason was Refi, with 47 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 334 | $68,280,000 | $204,431 | $0 | 0.00% |
For 2021, Community West Bank's most frequently cited loan duration was Other, with 334 originations.
Loan Sizing
2021 saw Community West Bank place emphasis on $100k-200k loans with 141 originations, totaling $21,085,000 in origination value.
Applicant Income
Community West Bank lent most frequently to those with incomes in the $75k-100k range, with 85 originations. The second most popular income band? $50k-75k, with 79 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 334 | $68,280,000 | $204,431 | $0 | 0.00% |
Community West Bank lent most frequently to those with DTI ratios of Exempt%, with 334 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications85.27%
Community West Bank has an average approval rate.
Pick Rate
Approvals leading to origination68.26%
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 | 334 | $68,280,000 | $204,431 |
Complaints
| Bank Name | Product | Issue | 2021 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| COMMUNITY BANK SYSTEM, INC. | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 50.0% |
| COMMUNITY BANK SYSTEM, INC. | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 50.0% |
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 | $122,298 |
| Community West Bank, National Association | 1501 State Street Santa Barbara, CA 93101 | Full Service B&M | $131,391 |
| Community West Bank, National Association | 2615 South Miller Street Santa Maria, CA 93455 | Full Service B&M | $57,175 |
| Community West Bank, National Association | 300 East Esplanade Drive, Suite 100-A Oxnard, CA 93036 | Full Service B&M | $86,282 |
| 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 | $54,724 |
| Community West Bank, National Association | 541 Spring St Paso Robles, CA 93446 | Full Service B&M | $33,420 |
| Community West Bank, National Association | 5827 Hollister Avenue Goleta, CA 93117 | Full Service B&M | $379,919 |
For 2021, Community West Bank had 8 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $46,078 |
| Net interest income | $42,391 |
| Total noninterest income | $3,650 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $302 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $3,348 |
| Pre-tax net operating income | $18,651 |
| Securities gains (or losses, -) | $99 |
| Income before extraordinary items | $13,271 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $13,271 |
| Minority interest net income | $0 |
| Net income | $13,271 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $13,192 |
Community West Bank's gross interest income from loans was $46,078,000.
Community West Bank's net interest income from loans was $42,391,000.
Community West Bank's fee based income from loans was $302,000.
Community West Bank's net income from loans was $13,271,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $3,687 |
| Provision for credit losses | $-181 |
| Total noninterest expense | $27,571 |
| Salaries and employee benefits | $18,179 |
| Premises and equipment expense | $3,725 |
| Additional noninterest expense | $5,667 |
| Applicable income taxes | $5,479 |
| Net charge-offs | $-391 |
| Cash dividends | $1,600 |
Community West Bank's interest expense for loans was $3,687,000.
Community West Bank's payroll and benefits expense were $18,179,000.
Community West Bank's property, plant and equipment expenses $3,725,000.
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 | 0.0% |
| 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 | $950,670 |
| Deposits held in domestic offices | $950,670 |
| Deposits by Individuals, partnerships, and corporations | $819,619 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $109,973 |
| Deposits by Commercial banks and other depository institutions in U.S. | $21,079 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $249,721 |
| Demand deposits | $210,432 |
| Nontransaction accounts | $700,950 |
| Money market deposit accounts (MMDAs) | $498,220 |
| Other savings deposits (excluding MMDAs) | $23,675 |
| Total time deposits | $179,055 |
| Total time and savings deposits | $740,239 |
| Noninterest-bearing deposits | $210,432 |
| Interest-bearing deposits | $740,238 |
| Retail deposits | $825,878 |
| IRAs and Keogh plan accounts | $7,035 |
| Brokered deposits | $110,680 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,156,925 |
| Cash & Balances due from depository institutions | $208,375 |
| Interest-bearing balances | $206,754 |
| Total securities | $22,773 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $881,679 |
| Loan and leases loss allowance | $10,404 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $11,675 |
| Other real estate owned | $2,250 |
| Goodwill and other intangibles | $1,600 |
| All other assets | $28,573 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,156,925 |
| Total Liabilities | $1,056,283 |
| Total deposits | $950,670 |
| Interest-bearing deposits | $740,238 |
| Deposits held in domestic offices | $950,670 |
| % insured (estimated) | $56 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $90,000 |
| Subordinated debt | $0 |
| All other liabilities | $15,613 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $881,679 |
| Loan and leases loss allowance | $10,404 |
| Total loans and leases (domestic) | $892,083 |
| All real estate loans | $533,363 |
| Real estate loans in domestic offices | $533,363 |
| Construction and development loans | $33,690 |
| Residential 1-4 family construction | $4,931 |
| Other construction, all land development and other land | $28,759 |
| Loans secured by nonfarm nonresidential properties | $390,981 |
| Nonfarm nonresidential secured by owner-occupied properties | $96,981 |
| Commercial real estate & other non-farm, non-residential | $294,000 |
| Multifamily residential real estate | $37,188 |
| 1-4 family residential loans | $39,265 |
| Farmland loans | $32,239 |
| Loans held in foreign offices | $0 |
| Farm loans | $5,152 |
| Commercial and industrial loans | $57,033 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $297,317 |
| Credit card loans | $0 |
| Related Plans | $0 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $297,317 |
| 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 | $3,607 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $2,730 |
| Non 1-4 family restructured loans & leases | $2,730 |
| Total loans and leases (foreign) | $0 |
Community West Bank had $881,679,000 of loans outstanding in 2021. $533,363,000 of loans were in real estate loans. $33,690,000 of loans were in development loans. $37,188,000 of loans were in multifamily mortgage loans. $39,265,000 of loans were in 1-4 family mortgage loans. $5,152,000 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 | 170 | $60,795 | $357,618 |
| Nonfarm, nonresidential loans - <$100k | 13 | $433 | $33,308 |
| Nonfarm, nonresidential loans - $100-250k | 25 | $3,944 | $157,760 |
| Nonfarm, nonresidential loans - $250k-1MM | 132 | $56,418 | $427,409 |
| Commercial & Industrial, US addressed loans - <$1MM | 189 | $31,933 | $168,958 |
| Commercial & Industrial, US addressed loans - <$100k | 75 | $2,735 | $36,467 |
| Commercial & Industrial, US addressed loans - $100-250k | 56 | $7,587 | $135,482 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 58 | $21,611 | $372,603 |
| Farmland loans - <$1MM | 11 | $3,060 | $278,182 |
| Farmland loans - <$100k | 1 | $55 | $55,000 |
| Farmland loans - $100-250k | 1 | $176 | $176,000 |
| Farmland loans - $250k-1MM | 9 | $2,829 | $314,333 |
| Agriculture operations loans - <$1MM | 1 | $152 | $152,000 |
| Agriculture operations loans - $250k-1MM | 1 | $152 | $152,000 |