First Western Bank & Trust in city_name, state_name - Detailed Financial Reports, Location

First Western Bank & Trust in Minot, North Dakota (ND), MN
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First Western Bank & Trust routing number info

First Western Bank & Trust - Overview

General
FDIC Certificate #: 19123
Status: Active
Federal Reserve ID: 687951
Bank Holding Company (Regulatory Top Holder): Westbrand, Inc. (RSSDID: 1127650, Location: Minot, ND)
Date Established: May 11, 1964
WWW: http://www.bankfirstwestern.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Domestic: 4, Interstate: Yes)
FDIC's unique #: 12955
Numeric code: 13
Regulator: FED
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: May 11, 1964
Last Structure Change Effective Date: August 06, 2011
Last Structure Change Process Date: August 18, 2011
Last Data Update: August 18, 2011
Data Source Date: April 05, 2012
Location
Address: 900 South Broadway, Minot, ND 58701
County: Ward
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Grand Forks
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Minot, ND (#33500)
CBSA Micro Statistical Area: Yes
History of Changes
Participated in Absorption/Consolidation/Merger
Financial Summary
Total assets: $707.7 mil
Equity capital: $69.4 mil
Deposits held in domestic offices: $579.5 mil
Return on assets (ROA): 0.77% ($5.5 mil)
Quarterly return on assets: 0.72% ($5.1 mil)
Return on Equity (ROE): 7.72% ($5.3 mil)
Quarterly return on equity: 7.18% ($5.0 mil)
Net income: $5.2 mil
Quarterly Net income: $1.2 mil
Pretax return on assets: 1.06% ($7,502.1 mil)
Quarterly Pretax return on assets: 1.01% ($7,148.2 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
115Total employees (full-time equivalent)
$707,745Total assets
$72,895Cash and due from depository institutions
$44,802Interest-bearing balances
$262,185Securities
$0Federal funds sold & reverse repurchase agreements
$343,525Net loans & leases
$4,700Loan loss allowance
$0Trading account assets
$3,121Bank premises and fixed assets
$1,773Other real estate owned
$6,422Goodwill and other intangibles
$707,745Life insurance assets
$17,824All other assets
$638,364Total liabilities and capital
$579,481Total liabilities
$461,829Total deposits
$579,481Interest-bearing deposits
$81Deposits held in domestic offices
37685.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$16,000Trading liabilities
$0Other borrowed funds
$5,198Subordinated debt
$69,381All other liabilities
$69,381Total equity capital
$69,381Total bank equity capital
$0Perpetual preferred stock
$1,600Common stock
$28,400Surplus
$39,381Undivided profits
Memoranda
$0Noncurrent loans and leases
$168Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,048Income earned, not collected on loans
$0Earning assets
$2,868Long-term assets (5+ years)
$650,512Average Assets, year-to-date
$204,377Average Assets, quarterly
$674,890Volatile liabilities
$687,277Insider loans
$440,137FHLB advances
$668,744Loans and leases held for sale
$8,561Unused loan commitments
$3,346Tier 1 (core) risk-based capital
$61,831Tier 2 risk-based capital
$0Total risk weighted assets
$5,215Total unused commitments
$79,331Restructured Loans and leases
$9,831Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$27,964Total interest income
$7,048Total interest expense
$20,916Net interest income
$2,530Provision for loan and lease losses
$3,290Total noninterest income
$1,149Fiduciary activities
$404Service charges on deposit accounts
$0Trading account gains & fees
$1,737Additional noninterest income
$13,790Total noninterest expense
$8,804Salaries and employee benefits
$1,059Premises and equipment expense
$3,927Additional noninterest expense
$7,886Pre-tax net operating income
-$709Securities gains (losses)
$1,997Applicable income taxes
$5,180Income before extraordinary items
$0Extraordinary gains - net
$5,180Net income attributable to bank
$0Net charge-offs
$5,180Cash dividends
$1,603Sale, conversion, retirement of capital stock, net
$2,167Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.46%Yield on earning assets
1.12%Cost of funding earning assets
3.34%Net interest margin
0.52%Noninterest income to earning assets
2.20%Noninterest expense to earning assets
0.84%Net operating income to assets
0.77%Return on assets (ROA)
1.06%Pretax return on assets
7.72%Return on equity (ROE)
4.49%Retained earnings to average equity (YTD only)
0.49%Net charge-offs to loans
157.83%Credit loss provision to net charge-offs
6.50%Efficiency ratio
56,940Assets per employee
6.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
41.83%Loss allowance to loans
1.35%Loss allowance to noncurrent loans
154.20%Noncurrent assets plus other real estate owned to assets
0.90%Noncurrent loans to loans
0.88%Net loans and leases to deposits
59.28%Net loans and leases to core deposits
61.56%Equity capital to assets
9.80%Core capital (leverage) ratio
9.25%Tier 1 risk-based capital ratio
14.05%Total risk-based capital ratio
Memoranda
$15Average assets
$674,890Average earning assets
$67,102Average equity
$626,811Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$232,735Managed Assets
1Number of Accounts
$119,258Personal trust and agency accounts
$51,453Employee benefit-defined contribution accounts
$13,523Employee benefit-defined benefit accounts
$8,118Other retirement accounts
$15,161Corporate trust and agency accounts
$0Investment management agency accounts
$17,407Other fiduciary accounts
$13,596Fiduciary accounts held in foreign offices
$0Non-managed Assets
2970Number of Accounts
$0Personal trust and agency accounts
$14,368Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$113,477Other retirement accounts
$7,660Corporate trust and agency accounts
$31,041Other fiduciary accounts
$74,768Fiduciary accounts held in foreign offices

List of branches

1 Minnesota Branch as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
3	444614	Eden Prairie Branch	100 Prairie Center Drive, Eden Prairie, MN 55344	April 19, 2006	Full Service Brick and Mortar

3 North Dakota Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	12955	First Western Bank & Trust	900 South Broadway, Minot, ND 58701	May 11, 1964	Full Service Brick and Mortar
1	247346	Paying And Receiving Branch	Main Street, Glenburn, ND 58740	June 16, 1964	Full Service Brick and Mortar
2	247347	Detached Facility	2200 15th St. Sw, Minot, ND 58701	December 03, 1980	Full Service Brick and Mortar

First Western Bank & Trust in Minot, North Dakota (ND), MN
Overview, Financial Summary, Detailed Financial Reports, Branches

First Western Bank & Trust - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Western Bank & Trust in Minot, North Dakota (ND), MNOverview, Financial Summary, Detailed Financial Reports, Branches

First Western Bank & Trust - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Western Bank & Trust in Minot, North Dakota (ND), MN
Overview, Financial Summary, Detailed Financial Reports, Branches