Community West Bank is headquartered in Goleta and is the 82nd largest bank in the state of California. It is also the 1,261st largest bank in the nation. It was established in 1989 and as of September of 2013, it had grown to 120 employees at 7 locations. Community West Bank has a B health rating.
Their lending practices are predatory and overburdonsome. Their client relations for business owners is confrontational and lacks understanding. The special assets group will send a letter immediately demanding payment of a busines loan even if your are a day late. They are unwilling to assist small business owners who are struggling to survive.
Just as its name says, it's a community bank with great individual personal service. Everyone I've encountered on the phone or in person is personable and service-oriented. Although I like the expediency of internet banking, I also like having at least one in-person bank that knows who I am. I can appreciate why they require a branch visit to open an account.
Webite is prone to bounce you out a lot, so you have to keep re-logging until you get a feel for where the glitches are. Double clicking seems to be a culprit on some links.
Service deserves 5+ stars, but I reluctantly docked one star for the bouncy online account. Hopefully, corporate will get that fixed soon. In the meantime, their branch's personal service tries to help offset that.
--Multiple reward accounts are allowed per individual. (Easily added, since up to 3 of any account types per signature card. More than that probably just requires additional signature cards.)
--ChexSystems check only (no credit bureau hits).
This bank does have a better than average money market/savings rate in this economy where its hard to find a good deal. But considering when I log on to their site to check my account once every 30 days, there is always a website problem. When I phone for support the next day, the cs rep doesnt know how to trouble shoot.
Website & tech support are a joke. But its ok to bank there.
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 Community West Bank had $17.46 million in non-current loans and owned real-estate with $75.64 million in equity and loan loss allowances on hand to cover it. This gives Community West Bank a Texas Ratio of 23.08% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Community West Bank decreased dramatically from 55.57% as of September 30, 2012 to 23.08% as of September 30, 2013, resulting in a positive change of 58.47%.This indicates that the balance sheet and financial strength for Community West Bank has improved dramatically in recent periods.
In the past year, Community West Bank has decreased its total deposits by -$28.85 million, resulting in -6.27% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Community West Bank has shown is below average.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Community West Bank has $532.22 million in assets with $75.64 million in equity, resulting in a capitalization level of 14.21%, which is excellent.
|FDIC Certificate #||27572|
|Assets and Liabilities|
|Equity Capital||$63.99 million|
|Loan Loss Allowance||$11.65 million|
|Unbacked Noncurrent Loans||$13.80 million|
|Real Estate Owned||$3.65 million|
|Historic Data - September 2012|
|Equity Capital||$55.29 million|
|Loan Loss Allowance||$15.06 million|
|Unbacked Noncurrent Loans||$13.80 million|
|Real Estate Owned||$5.21 million|
|Profit Margin - Quarterly|
|Net Interest Margin||4.96%|
|Return on Assets||1.59%|
|Return on Equity||13.93%|
|Interest Income||$21.70 million|
Always verify rates and promotions with the bank or credit union. We are not Community West Bank, we are a rate comparison website and can not provide official rates or promotions.
|0.35%||-||$15k||Great Rate Checking|
|0.10%||-||-||Great Rate Checking|
|Community West Bank Locations|
|Ventura Branch||1463 South Victoria Avenue||Ventura, CA 93003|
|Santa Barbara Branch||1501 State Street||Santa Barbara, CA 93101|
|Santa Maria Branch||2615 South Miller Street||Santa Maria, CA 93455|
|Corporate Branch||445 Pine Avenue||Goleta, CA 93117|
|Community West Bank, National Association||5827 Hollister Avenue||Goleta, CA 93117|
|Westlake Branch||951 S. Westlake Blvd Ste 100||Westlake Village, CA 91361|