Company Overview - CW Bancorp, the parent company of CommerceWest Bank, focuses on redefining banking for small and medium-sized businesses through customized products and services [2] - Founded in 2001 and headquartered in Irvine, California, the bank serves businesses across California with a digital banking platform [2] - The bank offers a wide range of commercial banking services, including remote deposit solutions, online banking, mobile banking, lines of credit, M&A/working capital loans, commercial real estate loans, SBA loans, and treasury management services [2] Recent Developments - The Board of Directors of CW Bancorp has approved a quarterly cash dividend of $0.23 per common share [1] - This dividend is payable on October 1, 2025, to shareholders of record as of September 15, 2025 [1] Mission Statement - CommerceWest Bank aims to create a complete banking experience tailored to the specific needs of businesses, providing high-quality, low-stress, and personalized banking and financial services [3]

CHARLES TOWN, W.Va., Aug. 19, 2025 /PRNewswire/ -- (OTCID:PTBS) – Potomac Bancshares, Inc., the holding company of BCT-Bank of Charles Town, also known as The Community's Bank, today announced the appointment of C.W. Chris "Chip" Hensell, III, to its Board of Directors, effective August 19, 2025. He will also serve on the Board of Directors of its subsidiary Bank of Charles Town. Chris "Chip" Hensell, III, joins the Board of Directors of Potomac Bancshares, effective August 19, 2025. Hensell is the Own ...

Core Viewpoint - CW Bancorp reported solid financial results for the second quarter of 2025, with a slight increase in net income and earnings per share compared to the same period in 2024, alongside significant loan and deposit growth despite economic uncertainties [1][4]. Financial Performance - Consolidated net income for Q2 2025 was $3,082,000, or $1.02 per diluted share, compared to $3,084,000, or $1.00 per diluted share in Q2 2024, marking a 2% increase in EPS [1][19]. - For the six months ended June 30, 2025, net income was $6,017,000, or $1.99 per diluted share, compared to $6,077,000, or $1.96 per diluted share for the same period in 2024, also reflecting a 2% increase in EPS [1][19]. Asset and Loan Growth - Total assets increased by $51.2 million, or 5%, to $1,181.7 million as of June 30, 2025, compared to the same period last year [4][5]. - Total loans rose by $94.1 million, or 13%, to $811.1 million as of June 30, 2025, indicating strong loan growth [4][5]. Deposit Growth - Total deposits increased by $42.7 million, or 4%, to $1,029.6 million as of June 30, 2025, compared to the previous year [6][18]. - Non-interest-bearing deposits grew by $19.3 million, or 3%, while interest-bearing deposits increased by $23.3 million, or 6% [6][18]. Interest Income and Expense - Interest income for Q2 2025 was $13,671,000, a 2% increase from $13,344,000 in Q2 2024 [7][19]. - Interest expense for Q2 2025 was $3,589,000, slightly up from $3,573,000 in Q2 2024, reflecting an increase of less than 1% [7][19]. Net Interest Income - Net interest income for Q2 2025 was $10,082,000, a 3% increase from $9,771,000 in Q2 2024 [9][19]. - The net interest margin remained stable at 3.82% for Q2 2025, unchanged from the previous year [9][19]. Non-Interest Income and Expense - Non-interest income for Q2 2025 was $1,335,000, up 10% from $1,219,000 in Q2 2024 [12][19]. - Non-interest expense for Q2 2025 was $6,987,000, an increase of 5% from $6,661,000 in Q2 2024 [13][19]. Efficiency Ratio - The efficiency ratio for Q2 2025 was 61.34%, compared to 60.28% in Q2 2024, indicating a slight increase in costs relative to income [14][19]. Capital Ratios - As of June 30, 2025, the tier 1 leverage ratio was 12.68%, and the total risk-based capital ratio was 18.08%, both above the levels required for a "well capitalized" institution [15][19].

Company Overview - Potomac Bancshares, Inc. is the holding company for Bank of Charles Town (BCT), which was founded in 1871 and operates as a community bank [2] - As of March 31, 2025, BCT has approximately $896 million in assets and operates through one main office, eight branch offices, and two loan production offices [2] - BCT offers a variety of loan products including commercial lines and term loans, residential and commercial construction loans, and agricultural loans, and is a Small Business Administration (SBA) Preferred Lender [2] Recent Developments - The Board of Directors declared a quarterly cash dividend of $0.13 per share, payable to shareholders of record on July 31, 2025, with payment scheduled for August 7, 2025 [1] - BCT has received multiple accolades, including being voted as a "Top 200 Community Bank" by American Banker in 2023 and winning several categories in local readers' polls [2] Share Information - The shares of Potomac Bancshares, Inc. are quoted on the OTCID marketplace under the symbol "PTBS" [3] - Interested individuals can purchase shares through personal brokers or by contacting the company's EVP and CFO [3]

Core Insights - CW Bancorp reported a consolidated net income of $2,935,000 for Q1 2025, representing a slight decrease of 2% compared to $2,993,000 in Q1 2024, with earnings per share (EPS) increasing by 1% to $0.97 [1][11] Financial Performance - Total assets increased by $51.8 million, or 5%, reaching $1,151.6 million as of March 31, 2025, compared to the previous year [3][13] - Total loans rose by $84.5 million, a 12% increase year-over-year, totaling $802.2 million [3][13] - Total deposits grew by $44.5 million, or 5%, amounting to $1,002.1 million, with interest-bearing deposits increasing by 12% [4][13] Income and Expenses - Interest income for Q1 2025 was $13,437,000, up 10% from $12,242,000 in Q1 2024, while interest expense increased by 9% to $3,393,000 [5][14] - Net interest income for the quarter was $10,044,000, reflecting a 10% growth compared to $9,128,000 in the same period last year [6][14] - Non-interest income increased by 3% to $1,245,000, while non-interest expenses rose by 16% to $7,175,000 [7][14] Efficiency and Ratios - The efficiency ratio for Q1 2025 was 63.22%, up from 59.42% in the previous year, indicating increased costs relative to income [8][11] - The allowance for credit losses (ACL) to total loans ratio stood at 1.42%, with no provisions for credit losses reported for both Q1 2025 and Q1 2024 [6][11] - Capital ratios remained strong, with a tier 1 leverage ratio of 12.35% and a total risk-based capital ratio of 18.01% as of March 31, 2025 [9][11] Business Strategy - The company aims to redefine banking for small and medium-sized businesses by offering customized products and services, supported by a digital banking platform [10]