Community West Bancshares reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company earned $2.3 million compared to net income of $613,000 in third quarter of 2012 and a net loss of $8.6 million in the fourth quarter a year ago. Net income applicable to common stockholders was $2.1 million, or $0.26 per diluted share compared to net income applicable to common stockholders of $360,000, or $0.06 per diluted share, in third quarter of 2012 and a net loss applicable to common stockholders of $8.8 million, or $1.47 per diluted share, in fourth quarter of 2011. Net interest income was $6.2 million compared to $7.3 million a year ago. Income before income taxes was $2.3 million compared to loss before income taxes of $3.1 million a year ago. Return on average common equity was 25.52% compared to negative return on average common equity of 77.06% a year ago. Return on average assets was 1.71% compared to negative return on average assets of 5.36% a year ago.

For the full year, the company reported net income of $3.2 million compared to a net loss of $10.5 million a year ago. In 2012, including $1.0 million in preferred stock dividends, the net income applicable to common stockholders was $2.1 million, or $0.31 per diluted share, compared to a net loss applicable to common stockholders of $11.5 million, or $1.93 per diluted share, in 2011. Book value per common share was $6.29 at December 31, 2012, compared to $5.93 at September 30, 2012 and $5.94 at December 31, 2011. Net interest income was $25.4 million compared to $28.3 million a year ago. Income before income taxes was $3.2 million compared to loss before income taxes of $6.4 million a year ago. Return on average common equity was 8.85% compared to negative return on average common equity of 22.39% a year ago. Return on average assets was 0.55% compared to negative return on average assets of 1.60% a year ago.