CommerceWest Bank Reports Q3 2020 Net Income up 93% from Q2 2020, Record Total Assets of $938 Million and Zero Non-Performing Loans

IRVINE, Calif.--(BUSINESS WIRE)--CommerceWest Bank (OTC:CWBK) reported net income for the three months ended September 30, 2020 of $1,975,000 or $0.54 a share as compared to $1,017,000 or $0.28 a share for the three months ended June 30, 2020, an EPS increase of 93%. Net income for the three months ended September 30, 2020 was $1,975,000 or $0.54 per common share, compared with net income of $2,016,000 or $0.52 per common share for the three months ended September 30, 2019 an EPS increase of 4%