First Western Bank in Booneville, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Western Bank - Overview

  • General
  • FDIC Certificate #: 13083
    Status: Active
    Federal Reserve ID: 34742
    Bank Holding Company (Regulatory Top Holder): First Western Bancshares Employee Stock Ownership Trust (RSSDID: 2628994, Location: Booneville, AR)
    Date Established: April 18, 1910
    WWW: http://www.fwbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 14048
    FDIC's unique #: 8272
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 80 W Main St, Booneville, AR 72927
    County: Logan
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Little Rock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $282.1 mil
    Equity capital: $24.3 mil
    Deposits held in domestic offices: $249.4 mil
    Return on assets (ROA): 0.54% ($1.5 mil)
    Quarterly return on assets: 0.79% ($2.2 mil)
    Return on Equity (ROE): 6.33% ($1.5 mil)
    Quarterly return on equity: 9.08% ($2.2 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.54% ($1,523.1 mil)
    Quarterly Pretax return on assets: 0.83% ($2,341.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 92Total employees (full-time equivalent)
  • $282,050Total assets
  • $13,436Cash and due from depository institutions
  • $9,126Interest-bearing balances
  • $27,934Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $209,309Net loans & leases
  • $2,023Loan loss allowance
  • $0Trading account assets
  • $9,396Bank premises and fixed assets
  • $10,115Other real estate owned
  • $570Goodwill and other intangibles
  • $282,050Life insurance assets
  • $11,290All other assets
  • $257,727Total liabilities and capital
  • $249,395Total liabilities
  • $230,470Total deposits
  • $249,395Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 550.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $3,782Subordinated debt
  • $24,323All other liabilities
  • $24,323Total equity capital
  • $24,323Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $13,326Surplus
  • $10,996Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,984Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $997Income earned, not collected on loans
  • $0Earning assets
  • $1,224Long-term assets (5+ years)
  • $246,369Average Assets, year-to-date
  • $32,290Average Assets, quarterly
  • $276,227Volatile liabilities
  • $277,137Insider loans
  • $213,512FHLB advances
  • $273,591Loans and leases held for sale
  • $5,778Unused loan commitments
  • $5,623Tier 1 (core) risk-based capital
  • $23,450Tier 2 risk-based capital
  • $155Total risk weighted assets
  • $0Total unused commitments
  • $19,378Restructured Loans and leases
  • $3,047Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,989Total interest income
  • $3,317Total interest expense
  • $10,672Net interest income
  • $524Provision for loan and lease losses
  • $1,492Total noninterest income
  • $0Fiduciary activities
  • $630Service charges on deposit accounts
  • $0Trading account gains & fees
  • $862Additional noninterest income
  • $10,247Total noninterest expense
  • $5,075Salaries and employee benefits
  • $1,821Premises and equipment expense
  • $3,351Additional noninterest expense
  • $1,393Pre-tax net operating income
  • $100Securities gains (losses)
  • -$9Applicable income taxes
  • $1,502Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,502Net income attributable to bank
  • $0Net charge-offs
  • $1,502Cash dividends
  • $806Sale, conversion, retirement of capital stock, net
  • $165Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.92%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 4.52%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 4.34%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.54%Pretax return on assets
  • 6.33%Return on equity (ROE)
  • 5.63%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 65.01%Credit loss provision to net charge-offs
  • 2.38%Efficiency ratio
  • 84,240Assets per employee
  • 3.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.99%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 202.91%Noncurrent assets plus other real estate owned to assets
  • 3.94%Noncurrent loans to loans
  • 0.47%Net loans and leases to deposits
  • 83.93%Net loans and leases to core deposits
  • 93.97%Equity capital to assets
  • 8.62%Core capital (leverage) ratio
  • 8.57%Tier 1 risk-based capital ratio
  • 10.98%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $276,227Average earning assets
  • $23,740Average equity
  • $236,332Average loans

List of branches

  • 9 Arkansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08272First Western Bank80 W Main St, Booneville, AR 72927April 18, 1910Full Service Brick and Mortar
    1228953Caulksville-Ratcliff Branch9418 West State Hwy 22, Caulksville, AR 72951November 05, 1965Full Service Brick and Mortar
    2228954Magazine Branch89 East Priddy Street, Magazine, AR 72943Febuary 15, 1965Full Service Brick and Mortar
    5228957East Branch1663 East Main, Booneville, AR 72927September 20, 1996Full Service Brick and Mortar
    6289635Rogers West Branch2722 West Walnut, Rogers, AR 72756July 03, 1995Full Service Brick and Mortar
    7207913Bella Vista Branch575 Memorial Drive, Bella Vista, AR 72714October 31, 1993Full Service Brick and Mortar
    8334400Downtown West Walnut Branch401 West Walnut, Rogers, AR 72756May 31, 2000Full Service Brick and Mortar
    11443963Fort Smith Branch8399 Rogers Avenue, Suite A-1, Fort Smith, AR 72903August 22, 2005Full Service Brick and Mortar
    12450661Pinnacle Hills Branch2601 Champions Boulevard, Rogers, AR 72758April 17, 2006Full Service Brick and Mortar

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