CWBC — what changed in the latest 10-Q
A section-by-section comparison of CWBC's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-08 vs the prior 10-Q · 2025-11-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +41 | −55 | ~25 | 38 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 22 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 22 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 22 |
| Risk factors | Text added/removed | 0 | 0 | ~1 | 22 |
| Other information | Text added/removed | 0 | 0 | ~1 | 22 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-08
•On April 1, 2026, the Company completed its previously announced merger (“Merger”) with United Security Bancshares (“USB”) pursuant to which USB merged with and into the Company, with the Company continuing as the surviving entity. Following the Merger, United Security Bank, a wholly owned subsidia…
•The Company reported net income during the first quarter of $11.5 million, or earnings per diluted common share of $0.60, compared to net income of $11.2 million and $0.58, respectively, in the fourth quarter of 2025.
•The Company recorded a provision for credit losses of $90,000 during the quarter ended March 31, 2026, as compared to a provision for credit losses of $515,000 during the trailing quarter. The current quarter provision is attributed to a provision for loan losses totaling $122,000 and a provision f…
•Total cost of deposits increased to 1.40% for the quarter ended March 31, 2026 compared to 1.39% for the quarter ended December 31, 2025.
•Average non-interest bearing demand deposit accounts as a percentage of total average deposits was 33.32% and 34.97% for the quarters ended March 31, 2026 and December 31, 2025, respectively.
Text removed vs the prior filing · source: 10-Q · 2025-11-07
expected future cash flows on criticized loans, significant reliance on historical loss rates, consideration of our quantitative and qualitative evaluation of economic factors, and the reliance on our reasonable and supportable forecasts.
•The Company reported net income during the third quarter of $10.9 million, or earnings per diluted common share of $0.57, compared to net income of $7.8 million and $0.41, respectively, in the second quarter of 2025.
•The Company recorded a provision for credit losses of $667,000 during the quarter ended September 30, 2025, as compared to a provision for credit losses of $2.61 million during the trailing quarter. The current quarter provision is attributed to a provision for loan losses totaling $793,000, partia…
•Total cost of deposits decreased to 1.39% for the quarter ended September 30, 2025 compared to 1.43% and 1.49% for the quarters ended June 30, 2025 and December 31, 2024, respectively.
•Average non-interest bearing demand deposit accounts as a percentage of total average deposits was 35.79% and 34.48% for the quarters ended September 30, 2025 and June 30, 2025, respectively.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice