Community West Bancshares Declares $0.12 Quarterly Dividend
Community West Bancshares (NASDAQ: CWBC), a California-based community bank holding company, declared a $0.12 per share quarterly cash dividend. The dividend is payable May 22, 2026 to shareholders of record as of May 8, 2026.
Community West Bancshares (NASDAQ: CWBC), a Fresno-based community bank holding company, declared a $0.12 per share quarterly cash dividend on April 22, 2026. The dividend will be paid May 22, 2026 to shareholders of record as of May 8, 2026. Read more dividend announcements.
The announcement came as the company reported first quarter 2026 results, with net income rising to $11.5 million, or $0.60 per diluted share, compared to $8.3 million, or $0.44 per diluted share, in the year-ago quarter.
| Dividend Details | Date |
|---|---|
| Amount per Share | $0.12 |
| Record Date | May 8, 2026 |
| Payment Date | May 22, 2026 |
| Frequency | Quarterly |
Recent Merger Completed
On April 1, 2026, Community West Bancshares completed its merger with United Security Bancshares. Under the terms, each share of United Security Bancshares common stock was converted into 0.4520 shares of Community West Bancshares common stock, with cash paid for fractional shares.
United Security Bank, a wholly owned subsidiary of United Security Bancshares, also merged into Community West Bank, the holding company's banking subsidiary. The combined entity's financial results will be reported beginning in the second quarter of 2026.
CEO and President James J. Kim said the merger enhances the company's ability to serve rural communities across Central California while maintaining its community banking focus.
First Quarter Financial Performance
The company's loan portfolio stood at $2.55 billion at March 31, 2026, up from $2.54 billion at year-end 2025 and $2.35 billion a year earlier. The allowance for credit losses increased to $30.2 million, or 1.19% of total loans, from $30.1 million, or 1.18% of total loans, at December 31, 2025.
Community West Bancshares recorded a provision for credit losses on loans of $122,000 during the first quarter of 2026, down from $300,000 in the fourth quarter of 2025 and $80,000 in the first quarter of 2025. The company recorded net recoveries during the period.
At March 31, 2026, loans rated as pass represented 95.0% of the portfolio, while special mention loans accounted for 2.0% and substandard loans 3.0%. The company had no loans rated as doubtful.
Community West Bank operates full-service banking centers throughout Central California and maintains commercial lending, agribusiness, SBA, residential construction, manufactured housing, private banking, and treasury management departments. The company was established in 1979 and opened its first banking center on January 10, 1980.