3.5 star ratingAverage User Rating:
3.5 star rating based on 2 reviews.

Community West Bank

Community West Bank Locations
5827 Hollister Avenue
Goleta, CA 93117
(805) 683-4944
www.communitywestbank.com

FDIC


Community West Bank is headquartered in Goleta and is the 82nd largest bank in the state of California. It is also the 1,267th largest bank in the nation. It was established in 1989 and as of March of 2013, it had grown to 128 employees at 7 locations. Community West Bank has a 3-star health rating.

Community West Bank Routing Number: 122241802

Related Posts

CWB Rca Drops To .8% From 2.53%! (Forum) - 2/3/2012

Whoa - happened (luckily) to check the  latest rca rates.  I couldn't find Community West Bank (CWB) on the table, til I saw it waaaay down the list at .80%! Stunned, since my account confirmed 2.53% at the beginnning of the week/month. 

Community West Bank Money Market Savings 1.25% (10K Min. Balance) (Forum) - 1/5/2011

It's not on their website, but on a branch visit, I learned they're promoting a 1.25% min. 10k balance MMS. Didn't get more details, but they require in-person application for their RCA. (Assume it's the same, but you know about assumptions.) I mentione

Community West Bank (CA) RCA - 25K Cap Down To 15K Eff Jan 2011 (Forum) - 1/2/2011

Community West Bank's GREAT customer service is demonstrated by getting a personal phone call from the bank notifying that the RCA cap would be lowered to 15k from 25k, so it wouldn't come as a shock.  BUT the rate would maintain (for now) at 3.04%.

Survey of Old Reward Checking Accounts: Which Have Held Up Well and Which Haven't - 11/9/2010

When you are opening a checking or savings account for its high interest rate, you are hoping that the rate will stay high or at least remain competitive for the long-term. With checking or savings ac ...

2007





Community West Bank Checking Account Rates

ApyMinMaxProduct
0.40%-$15kGreat Rate Checking

Rates updated: 6/19/2013

Data for Q1 2013


Institution Statistics


Community West Bank, National Association
FDIC Certificate #27572
BankRate ReportView
Year Established1989
Employees128
Primary RegulatorOCC

Assets and Liabilities

Assets$529.48 million
Loans$442.41 million
Deposits$434.10 million
Equity Capital$59.13 million
Loan Loss Allowance$13.95 million
Unbacked Noncurrent Loans$19.42 million
Real Estate Owned$3.51 million

Historic Data - March 2012

Assets$617.67 million
Equity Capital$53.71 million
Loan Loss Allowance$14.71 million
Unbacked Noncurrent Loans$37.25 million
Real Estate Owned$6.45 million

Profit Margin - Quarterly

Net Interest Margin4.91%
Return on Assets0.93%
Return on Equity8.43%
Interest Income$7.15 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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 March 31, 2013 Community West Bank had $22.93 million in non-current loans and owned real-estate with $73.08 million in equity and loan loss allowances on hand to cover it. This gives Community West Bank a Texas Ratio of 31.38% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Community West Bank decreased significantly from 76.82% as of March 31, 2012 to 31.38% as of March 31, 2013, resulting in a positive change of 59.15%.This indicates that the balance sheet and financial strength for Community West Bank has improved significantly in recent periods.
Deposit Growth1
In the past year, Community West Bank has decreased its total deposits by -$76.7 million, resulting in -15.02% 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 poor.
Capitalization5
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 $529.48 million in assets with $73.08 million in equity, resulting in a capitalization level of 13.80%, which is excellent.
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CWB - Great Personal Service
4 stars - ekat - Saturday, November 13, 2010 - 1:44 PM

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.

FYI -

--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).

3

Interest Rate Is Steady - But Website Is A NIGHTMARE!
3 stars - albee - Friday, October 22, 2010 - 5:31 AM

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. 

3