{"success":true,"data":{"pressRelease":{"id":"103717","rtpr_id":"nPn6yzjp3a","ticker":"CWBK","exchange":"OTC","all_tickers":["CWBK"],"title":"CW Bancorp Reports Second Quarter 2026 Financial Results","author":"PR Newswire","published_at":"2026-07-30T12:30:00.956Z","article_body":"CW Bancorp Reports Second Quarter 2026 Financial Results\n\nPR Newswire\n\nIRVINE, Calif., July 30, 2026\n\nIRVINE, Calif., July 30, 2026 /PRNewswire/ -- CW Bancorp (OTCQX: CWBK), the\nparent company (\"the Company\") of CommerceWest Bank\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741976-1&h=2856323138&u=http%3A%2F%2Fwww.cwbk.com%2F&a=CommerceWest+Bank)\n(the \"Bank\") reported consolidated net income for the second quarter of 2026\nof $3,133,000 or $1.06 per diluted share as compared to $3,082,000 or $1.02\n per diluted share for the second quarter of 2025, an EPS increase of 4% and\nnet income for the six months ended June 30, 2026 of $6,629,000 or $2.24 per\ndiluted share as compared to $6,017,000 or $1.99 per diluted share for the six\nmonths ended June 30, 2025, an EPS increase of 13%.\n\nKey Financial Results for the three months ended June 30, 2026:\n\n * EPS of $1.06 up 4%\n * Net interest income growth of 10%\n * ACL to total loans ratio of 1.32%\n * No outstanding FRB or FHLB borrowings\n * Non-interest-bearing deposits to total deposits of 67%\n * Leverage ratio of 11.14% and total risk-based capital ratio of 17.71%\n * 66 quarters of consecutive profits\nKey Financial Results for the six months ended June 30, 2026:\n\n * EPS of $2.24 up 13%\n * Net income of $6.6 million up 10%\n * Return on Assets of 1.11% up 2%\n * Return on Tangible Equity of 14.12%\n * Net interest income growth of 9%\n * Securities available for sale growth of 44%\nMr. Ivo Tjan, Chairman and CEO commented, \"Our second quarter results\ndemonstrated the continued strength and resilience of our relationship driven\nbusiness model. We delivered diluted earnings per share of $1.06, up 4% from a\nyear ago, while growing net interest income by 10%, and achieving our\n66(th) consecutive quarter of profitability. During the quarter, we further\nstrengthened our balance sheet through disciplined asset and liability\nmanagement, growing non-interest-bearing deposits by 17% year over year,\nenhancing the quality of our funding base, and maintaining a well-capitalized\nposition with no outstanding Federal Reserve Bank or Federal Home Loan Bank\nborrowings. As we navigate an evolving economic environment, we remain\ncommitted to disciplined credit management, operational excellence, prudent\ncapital allocation, and building long term value for our clients,\nshareholders, and employees.\"\n\nTotal assets increased $16.4 million as of June 30, 2026, an increase of 1% as\ncompared to the same period one year ago. Total loans decreased $31.5 million\nas of June 30, 2026, a decrease of 4% from the prior year. The Bank remains\nprudent and conservative about credit quality. Cash and due from banks\ndecreased $6.1 million or 3% over the prior year. Total investment securities\nincreased $56.7 million, an increase of 36% from the prior year.\n\nTotal deposits increased $22.8 million as of June 30, 2026, an increase of 2%\nfrom June 30, 2025. Non-interest-bearing deposits increased $100.4 million as\nof June 30, 2026, an increase of 17% from the prior year. Interest bearing\ndeposits decreased $77.6 million as of June 30, 2026, a decrease of 18% over\nthe prior year. Subordinated debt decreased $15.0 million as of June 30, 2026\nas compared to the previous year as the Company made a partial repayment when\n$32.5 million of the outstanding debt converted from a fixed interest rate to\na floating interest rate on April 1, 2026.\n\nInterest income was $13,914,000 for the three months ended June 30, 2026, as\ncompared to $13,671,000 for the three months ended June 30, 2025, an increase\nof 2%. Interest expense was $2,851,000 for the three months ended June 30,\n2026, as compared to $3,589,000 for the three months ended June 30, 2025, a\ndecrease of 21%.\n\nInterest income was $27,907,000 for the six months ended June 30, 2026, as\ncompared to $27,108,000 for the six months ended June 30, 2025, an increase of\n3%. Interest expense was $6,044,000 for the six months ended June 30, 2026, as\ncompared to $6,982,000 for the six months ended June 30, 2025, a decrease of\n13%.\n\nNet interest income for the three months ended June 30, 2026, was $11,063,000\nas compared to $10,082,000 for the three months ended June 30, 2025, an\nincrease of 10%. The net interest margin was 3.83% for the three months ended\nJune 30, 2026, as compared to 3.82% in 2025. Net interest income for the six\nmonths ended June 30, 2026, was $21,863,000 as compared to $20,126,000 for the\nsix months ended June 30, 2025, an increase of 9%. The net interest margin\ndecreased for the six months ended June 30, 2026. It decreased from 3.84% in\n2025 to 3.79% in 2026, a decrease of 1%.\n\nThe provision for credit losses for the three months ended June 30, 2026,\nreflected a reduction in the reserve of $150,000 compared to provision expense\nof $100,000 for the three months ended June 30, 2025. The provision for credit\nlosses for the six months ended June 30, 2026, reflected a reduction in the\nreserve of $100,000 compared to provision expense of $100,000 for the six\nmonths ended June 30, 2025.\n\nNon-interest income for the three months ended June 30, 2026, was $1,014,000\ncompared to $1,335,000 for the same period last year, a decrease of 24%.\nNon-interest income for the six months ended June 30, 2026, was $1,985,000\ncompared to $2,580,000 for the same period last year, a decrease of 23%.\n\nNon-interest expense for the three months ended June 30, 2026, was $7,847,000\ncompared to $6,987,000 for the same period last year, an increase of 12%.\nCapitalized debt issuance costs, related to the repayment of the $15.0 million\nin subordinated debt, of $137,000 were expensed in the second quarter.\nNon-interest expense for the six months ended June 30, 2026, was $14,754,000\ncompared to $14,161,000 for the same period last year, an increase of 4%.\n\nThe efficiency ratio for the three months ended June 30, 2026, was 64.74%\ncompared to 61.34% in 2025, which represents an increase of 6%. The efficiency\nratio illustrates that for every dollar made for the three-month period ending\nJune 30, 2026, it cost $0.6474 to make it, as compared to $0.6134 one year\nago. The efficiency ratio for the six months ended June 30, 2026, was 61.60%\ncompared to 62.28% in 2025, which represents a decrease of 1%.\n\nCapital ratios for the Bank remain above the levels required for a \"well\ncapitalized\" institution as designated by regulatory agencies. As of June 30,\n2026, the tier 1 leverage ratio was 11.14%, the common equity tier 1 capital\nratio was 16.46%, the tier 1 risk-based capital ratio was 16.46% and the total\nrisk-based capital ratio was 17.71%.\n\nCommerceWest Bank is determined to redefine banking for small and medium sized\nbusinesses by delivering customized products and services to each client's\nneeds. Founded in 2001 and headquartered in Irvine, California, the Bank\nserves businesses throughout the state of California with our robust digital\nbanking platform.\n\nBy employing a strategically selected team of experienced professionals, we\nwill provide flexibility, and create a complete, safe and sound banking\nexperience for each client. We provide a full suite of commercial banking\nservices, including remote deposit solutions, NetBanker online banking\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741976-1&h=3482738824&u=https%3A%2F%2Fwww.cwbk.com%2F&a=NetBanker+online+banking)\n, mobile banking\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741976-1&h=4079573211&u=https%3A%2F%2Fwww.cwbk.com%2Ftreasury-management&a=mobile+banking)\n, lines of credit\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741976-1&h=1000002520&u=https%3A%2F%2Fwww.cwbk.com%2Fbusiness-loans&a=lines+of+credit)\n, M&A and working capital financing, commercial real estate loans, SBA\nlending and treasury management\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741976-1&h=1700929231&u=https%3A%2F%2Fwww.cwbk.com%2Ftreasury-management&a=treasury+management)\nservices.\n\nMission Statement: CommerceWest Bank\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741976-1&h=2856323138&u=http%3A%2F%2Fwww.cwbk.com%2F&a=CommerceWest+Bank)\nwill create a complete banking experience for each client, catering to\nbusinesses and their specific banking needs, while accommodating our clients\nand providing them high-quality, low stress and personally tailored banking\nand financial services.\n\nPlease visit www.cwbk.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741976-1&h=4156681722&u=http%3A%2F%2Fwww.cwbk.com%2F&a=www.cwbk.com)\nto learn more about the bank. \"BANK ON THE DIFFERENCE\"\n\nStatements concerning future performance, developments or events, expectations\nfor growth and income forecasts, and any other guidance on future periods,\nconstitute forward-looking statements that are subject to a number of risks\nand uncertainties. Actual results may differ materially from stated\nexpectations. Specific factors include, but are not limited to, loan\nproduction, balance sheet management, expanded net interest margin, the\nability to control costs and expenses, interest rate changes, financial\npolicies of the United States government and general economic conditions. The\nCompany disclaims any obligation to update any such factors or to publicly\nannounce the results of any revisions to any forward-looking statements\ncontained in this release to reflect future events or developments.\n SECOND QUARTER REPORT - JUNE 30, 2026 (Unaudited)\n\n CW BANCORP %\n CONSOLIDATED BALANCE SHEET Increase\n (dollars in thousands) June 30, 2026 June 30, 2025 (Decrease)\n\n ASSETS\n Cash and due from banks $ 176,571 $ 182,673 -3 %\n Securities available for sale 190,280 132,206 44 %\n Securities held-to-maturity 25,127 26,528 -5 %\n\n Loans 779,614 811,093 -4 %\n Less allowance for credit losses (ACL) (10,253) (11,444) -10 %\n Loans, net 769,361 799,649 -4 %\n\n Bank premises and equipment, net 2,261 3,102 -27 %\n Other assets 34,438 37,527 -8 %\n Total assets $ 1,198,038 $ 1,181,685 1 %\n\n LIABILITIES AND STOCKHOLDERS' EQUITY\n Non-interest bearing deposits $ 702,506 $ 602,080 17 %\n Interest bearing deposits 349,926 427,558 -18 %\n Total deposits 1,052,432 1,029,638 2 %\n\n Subordinated debenture 35,000 50,000 -30 %\n Other liabilities 11,267 12,622 -11 %\n 1,098,699 1,092,260 1 %\n Stockholders' equity 99,339 89,425 11 %\n Total liabilities and stockholders' equity $ 1,198,038 $ 1,181,685 1 %\n\n Shares outstanding at end of period 2,928,302 2,971,252\n Book value per share $ 36.57 $ 33.29\n Total loans to total deposits 74.08 % 78.77 %\n ACL to total loans 1.32 % 1.41 %\n Nonperforming assets (non-accrual loans & OREO) $ 9,551 $ 8,579\n\n COMMERCEWEST BANK CAPITAL RATIOS:\n Tier 1 leverage ratio 11.14 % 12.68 %\n Common equity tier 1 capital ratio 16.46 % 16.83 %\n Tier 1 risk-based capital ratio 16.46 % 16.83 %\n Total risk-based capital ratio 17.71 % 18.08 %\n\n \n CW BANCORP\n CONSOLIDATED STATEMENT OF INCOME (Unaudited) Three Months Ended Increase For the Six Months Ended Increase\n (dollars in thousands except share and per share data) June 30, 2026 June 30, 2025 (Decrease) June 30, 2026 June 30, 2025 (Decrease)\n\n INTEREST INCOME\n Loans $ 10,455 $ 11,193 -7 % $ 20,875 $ 22,174 -6 %\n Investments 1,919 1,303 47 % 3,265 2,641 24 %\n Fed funds sold and other 1,540 1,175 31 % 3,767 2,293 64 %\n Total interest income 13,914 13,671 2 % 27,907 27,108 3 %\n\n INTEREST EXPENSE\n Deposits 2,265 3,120 -27 % 4,989 6,044 -17 %\n Subordinated debenture 586 469 25 % 1,055 938 12 %\n Total interest expense 2,851 3,589 -21 % 6,044 6,982 -13 %\n\n NET INTEREST INCOME BEFORE CREDIT LOSS PROVISION 11,063 10,082 10 % 21,863 20,126 9 %\n\n PROVISION FOR CREDIT LOSSES (150) 100 -250 % (100) 100 -200 %\n Non-interest income:\n\n NET INTEREST INCOME AFTER CREDIT LOSS PROVISION 11,213 9,982 12 % 21,963 20,026 10 %\n\n NON-INTEREST INCOME\n Service Charges and Fees on Deposits 749 1,025 -27 % 1,448 2,054 -30 %\n Other Fees 265 310 -15 % 537 526 2 %\n\n NON-INTEREST EXPENSE 7,847 6,987 12 % 14,754 14,161 4 %\n\n EARNINGS BEFORE INCOME TAXES 4,380 4,330 1 % 9,194 8,445 9 %\n\n INCOME TAXES 1,247 1,248 0 % 2,565 2,428 6 %\n\n NET INCOME $ 3,133 $ 3,082 2 % $ 6,629 $ 6,017 10 %\n\n Basic earnings per share $ 1.07 $ 1.04 3 % $ 2.26 $ 2.02 12 %\n Diluted earnings per share $ 1.06 $ 1.02 4 % $ 2.24 $ 1.99 13 %\n Return on Assets 1.05 % 1.12 % -6 % 1.11 % 1.09 % 2 %\n Return on Equity 12.79 % 13.95 % -8 % 13.68 % 13.81 % -1 %\n Return on Tangible Equity 13.20 % 14.45 % -9 % 14.12 % 14.31 % -1 %\n Efficiency Ratio 64.74 % 61.34 % 6 % 61.60 % 62.28 % -1 %\n\n \n CW BANCORP\n CONSOLIDATED AVERAGE BALANCE SHEET and YIELD ANALYSIS\n\n Three Months Ended June 30,\n 2026 2025\n Average Interest Yield / Average Interest Yield /\n Balance Income / Cost Balance Income / Cost\n Expense Expense\n (dollars in thousands)\n INTEREST EARNING ASSETS\n Int Bearing Due from Banks & FFS $ 163,025 $ 1,503 3.70 % $ 93,499 $ 1,036 4.44 %\n Investment Securities (1) 214,214 2,009 3.76 % 160,551 1,362 3.40 %\n Loans 782,174 10,455 5.36 % 803,447 11,193 5.59 %\n FHLB & Other Stocks 7,100 37 2.09 % 7,100 139 7.85 %\n Total interest-earning assets 1,166,513 14,004 4.82 % 1,064,597 13,730 5.17 %\n\n Noninterest-earning assets 30,152 42,328\n Total assets $ 1,196,665 $ 1,106,925\n\n INTEREST EARNING LIABILITIES\n Interest Bearing Deposits $ 376,874 $ 2,265 2.41 % $ 414,780 $ 3,120 3.02 %\n Other Borrowings 1 - 3.93 % 1 - 4.96 %\n Subordinated Debenture 42,088 586 5.57 % 50,000 469 3.75 %\n Total interest-earning liabilities 418,963 2,851 2.73 % 464,781 3,589 3.10 %\n\n Noninterest-earning liabilities\n Demand Deposits 665,833 541,198\n Other Liabilities 13,650 12,361\n Shareholders' Equity 98,219 88,585\n Total liabilities and shareholder's equity $ 1,196,665 $ 1,106,925\n\n Net Interest Spread $ 11,153 2.09 % $ 10,141 2.07 %\n Net Interest Margin 3.83 % 3.82 %\n\n Total Deposits $ 1,042,707 $ 2,265 0.87 % $ 955,978 $ 3,120 1.31 %\n Total Funding Costs $ 1,084,796 $ 2,851 1.05 % $ 1,005,979 $ 3,589 1.43 %\n\n (1) Amounts calculated on a fully taxable equivalent basis using the current\n statutory federal tax rate\n\n \n CW BANCORP\n CONSOLIDATED AVERAGE BALANCE SHEET and YIELD ANALYSIS\n\n Six Months Ended June 30,\n 2026 2025\n Average Interest Yield / Average Interest Yield /\n Balance Income / Cost Balance Income / Cost\n Expense Expense\n (dollars in thousands)\n INTEREST EARNING ASSETS\n Int Bearing Due from Banks &FFS $ 187,662 $ 3,441 3.70 % $ 91,520 $ 2,017 4.44 %\n Investment Securities (1) 192,186 3,414 3.58 % 163,004 2,759 3.41 %\n Loans 783,408 20,875 5.37 % 800,170 22,174 5.59 %\n FHLB & Other Stocks 7,100 326 9.26 % 7,100 276 7.84 %\n Total interest-earning assets 1,170,356 28,056 4.83 % 1,061,794 27,226 5.17 %\n\n Noninterest-earning assets 30,386 46,447\n Total assets $ 1,200,742 $ 1,108,241\n\n INTEREST EARNING LIABILITIES\n Interest Bearing Deposits $ 417,188 $ 4,989 2.41 % $ 412,224 $ 6,044 2.96 %\n Other Borrowings 1 - 3.63 % 1 - 4.96 %\n Subordinated Debenture 46,022 1,055 4.58 % 50,000 938 3.75 %\n Total interest-earning liabilities 463,211 6,044 2.63 % 462,225 6,982 3.05 %\n\n Noninterest-earning liabilities\n Demand Deposits 625,699 545,561\n Other Liabilities 14,090 12,591\n Shareholders' Equity 97,742 87,864\n Total liabilities and shareholder's equity $ 1,200,742 $ 1,108,241\n\n Net Interest Spread $ 22,012 2.20 % $ 20,244 2.12 %\n Net Interest Margin 3.79 % 3.84 %\n\n Total Deposits $ 1,042,887 $ 4,989 0.96 % $ 957,785 $ 6,044 1.27 %\n Total Funding Costs $ 1,088,910 $ 6,044 1.12 % $ 1,007,786 $ 6,982 1.40 %\n\n (1) Amounts calculated on a fully taxable equivalent basis using the current\n statutory federal tax rate\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/cw-bancorp-reports-second-quarter-2026-financial-results-302838474.html\n(https://www.prnewswire.com/news-releases/cw-bancorp-reports-second-quarter-2026-financial-results-302838474.html)\n\nSOURCE CW Bancorp\n\n\n\nBancorp Contact: Mr. Ivo A. Tjan, CEO, Ms. Leeann Cochran, CFO, Telephone:  (866) 521-CWBK, E-mail: InvestorRelations@cwbk.com, Website:  www.cwbk.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS681003/CW-Bancorp-Logo.jpg?id=OA2801536\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn6yzjp3a","title":"CW Bancorp Reports Second Quarter 2026 Financial Results","author":"PR Newswire","ticker":"CWBK","created":"2026-07-30T12:30:00.956Z","tickers":["CWBK"],"exchange":"OTC","article_body":"CW Bancorp Reports Second Quarter 2026 Financial Results\n\nPR Newswire\n\nIRVINE, Calif., July 30, 2026\n\nIRVINE, Calif., July 30, 2026 /PRNewswire/ -- CW Bancorp (OTCQX: CWBK), the\nparent company (\"the Company\") of CommerceWest Bank\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741976-1&h=2856323138&u=http%3A%2F%2Fwww.cwbk.com%2F&a=CommerceWest+Bank)\n(the \"Bank\") reported consolidated net income for the second quarter of 2026\nof $3,133,000 or $1.06 per diluted share as compared to $3,082,000 or $1.02\n per diluted share for the second quarter of 2025, an EPS increase of 4% and\nnet income for the six months ended June 30, 2026 of $6,629,000 or $2.24 per\ndiluted share as compared to $6,017,000 or $1.99 per diluted share for the six\nmonths ended June 30, 2025, an EPS increase of 13%.\n\nKey Financial Results for the three months ended June 30, 2026:\n\n * EPS of $1.06 up 4%\n * Net interest income growth of 10%\n * ACL to total loans ratio of 1.32%\n * No outstanding FRB or FHLB borrowings\n * Non-interest-bearing deposits to total deposits of 67%\n * Leverage ratio of 11.14% and total risk-based capital ratio of 17.71%\n * 66 quarters of consecutive profits\nKey Financial Results for the six months ended June 30, 2026:\n\n * EPS of $2.24 up 13%\n * Net income of $6.6 million up 10%\n * Return on Assets of 1.11% up 2%\n * Return on Tangible Equity of 14.12%\n * Net interest income growth of 9%\n * Securities available for sale growth of 44%\nMr. Ivo Tjan, Chairman and CEO commented, \"Our second quarter results\ndemonstrated the continued strength and resilience of our relationship driven\nbusiness model. We delivered diluted earnings per share of $1.06, up 4% from a\nyear ago, while growing net interest income by 10%, and achieving our\n66(th) consecutive quarter of profitability. During the quarter, we further\nstrengthened our balance sheet through disciplined asset and liability\nmanagement, growing non-interest-bearing deposits by 17% year over year,\nenhancing the quality of our funding base, and maintaining a well-capitalized\nposition with no outstanding Federal Reserve Bank or Federal Home Loan Bank\nborrowings. As we navigate an evolving economic environment, we remain\ncommitted to disciplined credit management, operational excellence, prudent\ncapital allocation, and building long term value for our clients,\nshareholders, and employees.\"\n\nTotal assets increased $16.4 million as of June 30, 2026, an increase of 1% as\ncompared to the same period one year ago. Total loans decreased $31.5 million\nas of June 30, 2026, a decrease of 4% from the prior year. The Bank remains\nprudent and conservative about credit quality. Cash and due from banks\ndecreased $6.1 million or 3% over the prior year. Total investment securities\nincreased $56.7 million, an increase of 36% from the prior year.\n\nTotal deposits increased $22.8 million as of June 30, 2026, an increase of 2%\nfrom June 30, 2025. Non-interest-bearing deposits increased $100.4 million as\nof June 30, 2026, an increase of 17% from the prior year. Interest bearing\ndeposits decreased $77.6 million as of June 30, 2026, a decrease of 18% over\nthe prior year. Subordinated debt decreased $15.0 million as of June 30, 2026\nas compared to the previous year as the Company made a partial repayment when\n$32.5 million of the outstanding debt converted from a fixed interest rate to\na floating interest rate on April 1, 2026.\n\nInterest income was $13,914,000 for the three months ended June 30, 2026, as\ncompared to $13,671,000 for the three months ended June 30, 2025, an increase\nof 2%. Interest expense was $2,851,000 for the three months ended June 30,\n2026, as compared to $3,589,000 for the three months ended June 30, 2025, a\ndecrease of 21%.\n\nInterest income was $27,907,000 for the six months ended June 30, 2026, as\ncompared to $27,108,000 for the six months ended June 30, 2025, an increase of\n3%. Interest expense was $6,044,000 for the six months ended June 30, 2026, as\ncompared to $6,982,000 for the six months ended June 30, 2025, a decrease of\n13%.\n\nNet interest income for the three months ended June 30, 2026, was $11,063,000\nas compared to $10,082,000 for the three months ended June 30, 2025, an\nincrease of 10%. The net interest margin was 3.83% for the three months ended\nJune 30, 2026, as compared to 3.82% in 2025. Net interest income for the six\nmonths ended June 30, 2026, was $21,863,000 as compared to $20,126,000 for the\nsix months ended June 30, 2025, an increase of 9%. The net interest margin\ndecreased for the six months ended June 30, 2026. It decreased from 3.84% in\n2025 to 3.79% in 2026, a decrease of 1%.\n\nThe provision for credit losses for the three months ended June 30, 2026,\nreflected a reduction in the reserve of $150,000 compared to provision expense\nof $100,000 for the three months ended June 30, 2025. The provision for credit\nlosses for the six months ended June 30, 2026, reflected a reduction in the\nreserve of $100,000 compared to provision expense of $100,000 for the six\nmonths ended June 30, 2025.\n\nNon-interest income for the three months ended June 30, 2026, was $1,014,000\ncompared to $1,335,000 for the same period last year, a decrease of 24%.\nNon-interest income for the six months ended June 30, 2026, was $1,985,000\ncompared to $2,580,000 for the same period last year, a decrease of 23%.\n\nNon-interest expense for the three months ended June 30, 2026, was $7,847,000\ncompared to $6,987,000 for the same period last year, an increase of 12%.\nCapitalized debt issuance costs, related to the repayment of the $15.0 million\nin subordinated debt, of $137,000 were expensed in the second quarter.\nNon-interest expense for the six months ended June 30, 2026, was $14,754,000\ncompared to $14,161,000 for the same period last year, an increase of 4%.\n\nThe efficiency ratio for the three months ended June 30, 2026, was 64.74%\ncompared to 61.34% in 2025, which represents an increase of 6%. The efficiency\nratio illustrates that for every dollar made for the three-month period ending\nJune 30, 2026, it cost $0.6474 to make it, as compared to $0.6134 one year\nago. The efficiency ratio for the six months ended June 30, 2026, was 61.60%\ncompared to 62.28% in 2025, which represents a decrease of 1%.\n\nCapital ratios for the Bank remain above the levels required for a \"well\ncapitalized\" institution as designated by regulatory agencies. As of June 30,\n2026, the tier 1 leverage ratio was 11.14%, the common equity tier 1 capital\nratio was 16.46%, the tier 1 risk-based capital ratio was 16.46% and the total\nrisk-based capital ratio was 17.71%.\n\nCommerceWest Bank is determined to redefine banking for small and medium sized\nbusinesses by delivering customized products and services to each client's\nneeds. Founded in 2001 and headquartered in Irvine, California, the Bank\nserves businesses throughout the state of California with our robust digital\nbanking platform.\n\nBy employing a strategically selected team of experienced professionals, we\nwill provide flexibility, and create a complete, safe and sound banking\nexperience for each client. We provide a full suite of commercial banking\nservices, including remote deposit solutions, NetBanker online banking\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741976-1&h=3482738824&u=https%3A%2F%2Fwww.cwbk.com%2F&a=NetBanker+online+banking)\n, mobile banking\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741976-1&h=4079573211&u=https%3A%2F%2Fwww.cwbk.com%2Ftreasury-management&a=mobile+banking)\n, lines of credit\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741976-1&h=1000002520&u=https%3A%2F%2Fwww.cwbk.com%2Fbusiness-loans&a=lines+of+credit)\n, M&A and working capital financing, commercial real estate loans, SBA\nlending and treasury management\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741976-1&h=1700929231&u=https%3A%2F%2Fwww.cwbk.com%2Ftreasury-management&a=treasury+management)\nservices.\n\nMission Statement: CommerceWest Bank\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741976-1&h=2856323138&u=http%3A%2F%2Fwww.cwbk.com%2F&a=CommerceWest+Bank)\nwill create a complete banking experience for each client, catering to\nbusinesses and their specific banking needs, while accommodating our clients\nand providing them high-quality, low stress and personally tailored banking\nand financial services.\n\nPlease visit www.cwbk.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741976-1&h=4156681722&u=http%3A%2F%2Fwww.cwbk.com%2F&a=www.cwbk.com)\nto learn more about the bank. \"BANK ON THE DIFFERENCE\"\n\nStatements concerning future performance, developments or events, expectations\nfor growth and income forecasts, and any other guidance on future periods,\nconstitute forward-looking statements that are subject to a number of risks\nand uncertainties. Actual results may differ materially from stated\nexpectations. Specific factors include, but are not limited to, loan\nproduction, balance sheet management, expanded net interest margin, the\nability to control costs and expenses, interest rate changes, financial\npolicies of the United States government and general economic conditions. The\nCompany disclaims any obligation to update any such factors or to publicly\nannounce the results of any revisions to any forward-looking statements\ncontained in this release to reflect future events or developments.\n SECOND QUARTER REPORT - JUNE 30, 2026 (Unaudited)\n\n CW BANCORP %\n CONSOLIDATED BALANCE SHEET Increase\n (dollars in thousands) June 30, 2026 June 30, 2025 (Decrease)\n\n ASSETS\n Cash and due from banks $ 176,571 $ 182,673 -3 %\n Securities available for sale 190,280 132,206 44 %\n Securities held-to-maturity 25,127 26,528 -5 %\n\n Loans 779,614 811,093 -4 %\n Less allowance for credit losses (ACL) (10,253) (11,444) -10 %\n Loans, net 769,361 799,649 -4 %\n\n Bank premises and equipment, net 2,261 3,102 -27 %\n Other assets 34,438 37,527 -8 %\n Total assets $ 1,198,038 $ 1,181,685 1 %\n\n LIABILITIES AND STOCKHOLDERS' EQUITY\n Non-interest bearing deposits $ 702,506 $ 602,080 17 %\n Interest bearing deposits 349,926 427,558 -18 %\n Total deposits 1,052,432 1,029,638 2 %\n\n Subordinated debenture 35,000 50,000 -30 %\n Other liabilities 11,267 12,622 -11 %\n 1,098,699 1,092,260 1 %\n Stockholders' equity 99,339 89,425 11 %\n Total liabilities and stockholders' equity $ 1,198,038 $ 1,181,685 1 %\n\n Shares outstanding at end of period 2,928,302 2,971,252\n Book value per share $ 36.57 $ 33.29\n Total loans to total deposits 74.08 % 78.77 %\n ACL to total loans 1.32 % 1.41 %\n Nonperforming assets (non-accrual loans & OREO) $ 9,551 $ 8,579\n\n COMMERCEWEST BANK CAPITAL RATIOS:\n Tier 1 leverage ratio 11.14 % 12.68 %\n Common equity tier 1 capital ratio 16.46 % 16.83 %\n Tier 1 risk-based capital ratio 16.46 % 16.83 %\n Total risk-based capital ratio 17.71 % 18.08 %\n\n \n CW BANCORP\n CONSOLIDATED STATEMENT OF INCOME (Unaudited) Three Months Ended Increase For the Six Months Ended Increase\n (dollars in thousands except share and per share data) June 30, 2026 June 30, 2025 (Decrease) June 30, 2026 June 30, 2025 (Decrease)\n\n INTEREST INCOME\n Loans $ 10,455 $ 11,193 -7 % $ 20,875 $ 22,174 -6 %\n Investments 1,919 1,303 47 % 3,265 2,641 24 %\n Fed funds sold and other 1,540 1,175 31 % 3,767 2,293 64 %\n Total interest income 13,914 13,671 2 % 27,907 27,108 3 %\n\n INTEREST EXPENSE\n Deposits 2,265 3,120 -27 % 4,989 6,044 -17 %\n Subordinated debenture 586 469 25 % 1,055 938 12 %\n Total interest expense 2,851 3,589 -21 % 6,044 6,982 -13 %\n\n NET INTEREST INCOME BEFORE CREDIT LOSS PROVISION 11,063 10,082 10 % 21,863 20,126 9 %\n\n PROVISION FOR CREDIT LOSSES (150) 100 -250 % (100) 100 -200 %\n Non-interest income:\n\n NET INTEREST INCOME AFTER CREDIT LOSS PROVISION 11,213 9,982 12 % 21,963 20,026 10 %\n\n NON-INTEREST INCOME\n Service Charges and Fees on Deposits 749 1,025 -27 % 1,448 2,054 -30 %\n Other Fees 265 310 -15 % 537 526 2 %\n\n NON-INTEREST EXPENSE 7,847 6,987 12 % 14,754 14,161 4 %\n\n EARNINGS BEFORE INCOME TAXES 4,380 4,330 1 % 9,194 8,445 9 %\n\n INCOME TAXES 1,247 1,248 0 % 2,565 2,428 6 %\n\n NET INCOME $ 3,133 $ 3,082 2 % $ 6,629 $ 6,017 10 %\n\n Basic earnings per share $ 1.07 $ 1.04 3 % $ 2.26 $ 2.02 12 %\n Diluted earnings per share $ 1.06 $ 1.02 4 % $ 2.24 $ 1.99 13 %\n Return on Assets 1.05 % 1.12 % -6 % 1.11 % 1.09 % 2 %\n Return on Equity 12.79 % 13.95 % -8 % 13.68 % 13.81 % -1 %\n Return on Tangible Equity 13.20 % 14.45 % -9 % 14.12 % 14.31 % -1 %\n Efficiency Ratio 64.74 % 61.34 % 6 % 61.60 % 62.28 % -1 %\n\n \n CW BANCORP\n CONSOLIDATED AVERAGE BALANCE SHEET and YIELD ANALYSIS\n\n Three Months Ended June 30,\n 2026 2025\n Average Interest Yield / Average Interest Yield /\n Balance Income / Cost Balance Income / Cost\n Expense Expense\n (dollars in thousands)\n INTEREST EARNING ASSETS\n Int Bearing Due from Banks & FFS $ 163,025 $ 1,503 3.70 % $ 93,499 $ 1,036 4.44 %\n Investment Securities (1) 214,214 2,009 3.76 % 160,551 1,362 3.40 %\n Loans 782,174 10,455 5.36 % 803,447 11,193 5.59 %\n FHLB & Other Stocks 7,100 37 2.09 % 7,100 139 7.85 %\n Total interest-earning assets 1,166,513 14,004 4.82 % 1,064,597 13,730 5.17 %\n\n Noninterest-earning assets 30,152 42,328\n Total assets $ 1,196,665 $ 1,106,925\n\n INTEREST EARNING LIABILITIES\n Interest Bearing Deposits $ 376,874 $ 2,265 2.41 % $ 414,780 $ 3,120 3.02 %\n Other Borrowings 1 - 3.93 % 1 - 4.96 %\n Subordinated Debenture 42,088 586 5.57 % 50,000 469 3.75 %\n Total interest-earning liabilities 418,963 2,851 2.73 % 464,781 3,589 3.10 %\n\n Noninterest-earning liabilities\n Demand Deposits 665,833 541,198\n Other Liabilities 13,650 12,361\n Shareholders' Equity 98,219 88,585\n Total liabilities and shareholder's equity $ 1,196,665 $ 1,106,925\n\n Net Interest Spread $ 11,153 2.09 % $ 10,141 2.07 %\n Net Interest Margin 3.83 % 3.82 %\n\n Total Deposits $ 1,042,707 $ 2,265 0.87 % $ 955,978 $ 3,120 1.31 %\n Total Funding Costs $ 1,084,796 $ 2,851 1.05 % $ 1,005,979 $ 3,589 1.43 %\n\n (1) Amounts calculated on a fully taxable equivalent basis using the current\n statutory federal tax rate\n\n \n CW BANCORP\n CONSOLIDATED AVERAGE BALANCE SHEET and YIELD ANALYSIS\n\n Six Months Ended June 30,\n 2026 2025\n Average Interest Yield / Average Interest Yield /\n Balance Income / Cost Balance Income / Cost\n Expense Expense\n (dollars in thousands)\n INTEREST EARNING ASSETS\n Int Bearing Due from Banks &FFS $ 187,662 $ 3,441 3.70 % $ 91,520 $ 2,017 4.44 %\n Investment Securities (1) 192,186 3,414 3.58 % 163,004 2,759 3.41 %\n Loans 783,408 20,875 5.37 % 800,170 22,174 5.59 %\n FHLB & Other Stocks 7,100 326 9.26 % 7,100 276 7.84 %\n Total interest-earning assets 1,170,356 28,056 4.83 % 1,061,794 27,226 5.17 %\n\n Noninterest-earning assets 30,386 46,447\n Total assets $ 1,200,742 $ 1,108,241\n\n INTEREST EARNING LIABILITIES\n Interest Bearing Deposits $ 417,188 $ 4,989 2.41 % $ 412,224 $ 6,044 2.96 %\n Other Borrowings 1 - 3.63 % 1 - 4.96 %\n Subordinated Debenture 46,022 1,055 4.58 % 50,000 938 3.75 %\n Total interest-earning liabilities 463,211 6,044 2.63 % 462,225 6,982 3.05 %\n\n Noninterest-earning liabilities\n Demand Deposits 625,699 545,561\n Other Liabilities 14,090 12,591\n Shareholders' Equity 97,742 87,864\n Total liabilities and shareholder's equity $ 1,200,742 $ 1,108,241\n\n Net Interest Spread $ 22,012 2.20 % $ 20,244 2.12 %\n Net Interest Margin 3.79 % 3.84 %\n\n Total Deposits $ 1,042,887 $ 4,989 0.96 % $ 957,785 $ 6,044 1.27 %\n Total Funding Costs $ 1,088,910 $ 6,044 1.12 % $ 1,007,786 $ 6,982 1.40 %\n\n (1) Amounts calculated on a fully taxable equivalent basis using the current\n statutory federal tax rate\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/cw-bancorp-reports-second-quarter-2026-financial-results-302838474.html\n(https://www.prnewswire.com/news-releases/cw-bancorp-reports-second-quarter-2026-financial-results-302838474.html)\n\nSOURCE CW Bancorp\n\n\n\nBancorp Contact: Mr. Ivo A. Tjan, CEO, Ms. Leeann Cochran, CFO, Telephone:  (866) 521-CWBK, E-mail: InvestorRelations@cwbk.com, Website:  www.cwbk.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS681003/CW-Bancorp-Logo.jpg?id=OA2801536\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-07-30T12:30:01.086724578Z","server_sent_at_ms":1785414601086},"received_at":"2026-07-30T12:30:01.163Z","source_url":"https://www.prnewswire.com/news-releases/cw-bancorp-reports-second-quarter-2026-financial-results-302838474.html"},"analysis":{"id":"92732","press_release_id":"103717","analysis_json":{"industry":{"label":"Banks","sector":"Financials"},"redFlags":["Non-interest income decreased 24% year-over-year","Efficiency ratio worsened to 64.74% from 61.34%","Total loans decreased 4% year-over-year"],"eventType":"earnings","narrative":"CW Bancorp reported Q2 2026 net income of $3.13 million, or $1.06 per diluted share, a 4% increase from the prior year.\n\nNet interest income grew 10% to $11.06 million, supported by a 17% rise in non-interest-bearing deposits which now comprise 67% of total deposits.\n\nThe company achieved its 66th consecutive profitable quarter while maintaining strong capital ratios, including a total risk-based capital ratio of 17.71%.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Small-cap bank posts 66th straight profitable quarter with strong deposit growth."},"keyFigures":{"eps":1.06,"customDimensions":{"efficiency_ratio":"64.74%","net_interest_income":11063000,"net_interest_margin":"3.83%","book_value_per_share":36.57,"total_risk_based_capital_ratio":"17.71%","non_interest_bearing_deposits_ratio":"67%"}},"quotedText":"Our second quarter results demonstrated the continued strength and resilience of our relationship driven business model.","namedEntities":{"people":[{"name":"Ivo Tjan","role":"Chairman and CEO"},{"name":"Leeann Cochran","role":"CFO"}],"products":["NetBanker online banking","mobile banking"],"companies":[{"name":"CW Bancorp","ticker":"CWBK"},{"name":"CommerceWest Bank"}],"dollarAmounts":[{"amount":"$3,133,000","context":"Q2 2026 net income"},{"amount":"$1.06","context":"Q2 2026 diluted EPS"},{"amount":"$11,063,000","context":"Q2 2026 net interest income"},{"amount":"$16.4 million","context":"increase in total assets"},{"amount":"$15.0 million","context":"decrease in subordinated debt"}]},"materialImpact":{"score":3,"reasoning":"Solid quarterly results with EPS growing 4% and net interest income increasing 10%, marking the 66th consecutive profitable quarter. The bank also strengthened its funding profile with a 17% rise in non-interest-bearing deposits."},"tickerRelevance":{"others":[],"primary":"CWBK"},"globalImportance":20,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"OTCQX small-cap","eventGravity":"routine earnings","sectorWeight":"Financials"}},"event_type":"earnings","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"CW Bancorp reported Q2 2026 net income of $3.13 million, or $1.06 per diluted share, a 4% increase from the prior year.\n\nNet interest income grew 10% to $11.06 million, supported by a 17% rise in non-interest-bearing deposits which now comprise 67% of total deposits.\n\nThe company achieved its 66th consecutive profitable quarter while maintaining strong capital ratios, including a total risk-based capital ratio of 17.71%.","key_figures":{"eps":1.06,"customDimensions":{"efficiency_ratio":"64.74%","net_interest_income":11063000,"net_interest_margin":"3.83%","book_value_per_share":36.57,"total_risk_based_capital_ratio":"17.71%","non_interest_bearing_deposits_ratio":"67%"}},"named_entities":{"people":[{"name":"Ivo Tjan","role":"Chairman and CEO"},{"name":"Leeann Cochran","role":"CFO"}],"products":["NetBanker online banking","mobile banking"],"companies":[{"name":"CW Bancorp","ticker":"CWBK"},{"name":"CommerceWest Bank"}],"dollarAmounts":[{"amount":"$3,133,000","context":"Q2 2026 net income"},{"amount":"$1.06","context":"Q2 2026 diluted EPS"},{"amount":"$11,063,000","context":"Q2 2026 net interest income"},{"amount":"$16.4 million","context":"increase in total assets"},{"amount":"$15.0 million","context":"decrease in subordinated debt"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-30T17:33:47.765Z","global_importance":20,"audience_relevance":10,"importance_components":{"tickerTier":"OTCQX small-cap","eventGravity":"routine earnings","sectorWeight":"Financials"}},"durationMs":146594,"modelName":"glm-4.7"}}