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

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
    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
  • NoIDNameAddressEstablishedService TypeMap
    3444614Eden Prairie Branch100 Prairie Center Drive, Eden Prairie, MN 55344April 19, 2006Full Service Brick and Mortar
  • 3 North Dakota Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012955First Western Bank & Trust900 South Broadway, Minot, ND 58701May 11, 1964Full Service Brick and Mortar
    1247346Paying And Receiving BranchMain Street, Glenburn, ND 58740June 16, 1964Full Service Brick and Mortar
    2247347Detached Facility2200 15th St. Sw, Minot, ND 58701December 03, 1980Full Service Brick and Mortar

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