Calwest Bancorp (CALW.PK) Company Profile

CalWest Bancorp, incorporated on April 2, 2003, is the parent company of South County Bank (the Bank). The Bank has three divisions: CalWest Bank, Inland Valley Bank and Surf City Bank. The Bank offers business solutions, which include deposit services, cash management services and loan services. Its deposit services include analysis checking, unlimited checking, interest checking, payroll processing and merchant card services. Its cash management services include e-corp online banking, remote deposits, electronic payments, positive pay, mobile banking and cash vault. Its loan services include business lines of credit, commercial term loans, equipment financing, small business administration financing and accounts receivable financing. The Bank serves the business community through its branches located in Rancho Santa Margarita, Irvine, Huntington Beach and Redlands.

Lending Activities

The Bank offers various loans, such as real estate loans, commercial and industrial loans, and consumer loans. The Bank's total net loans amount to approximately $60.54 billion.

Investment Activities

The Bank's investment securities are classified as securities available for sale and securities held to maturity. The Bank's available for sale securities include mortgage-backed securities and the United States Government and agency securities. The Bank's securities available for sale amount to approximately $32.15 billion. The Bank's securities held to maturity amount to approximately $9.67 billion.

Sources of Funds

The Bank's deposits include noninterest-bearing demand deposits, money market and negotiable order of withdrawal (NOW) accounts, and savings. The Bank's total deposits amount to approximately $118.37 billion.