First Western Trust Bank in Denver, Colorado (CO), AZ, CA
Overview, Financial Summary, Detailed Financial Reports, Branches


First Western Trust Bank - Overview

  • General
  • FDIC Certificate #: 57607
    Status: Active
    Federal Reserve ID: 3158546
    Bank Holding Company (Regulatory Top Holder): First Western Financial, Inc. (RSSDID: 3189906, Location: Denver, CO)
    Date Established: March 17, 2004
    WWW: http://www.fwtb.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: Yes)
    FDIC's unique #: 418417
    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: March 17, 2004
    Last Structure Change Effective Date: September 17, 2011
    Last Structure Change Process Date: September 28, 2011
    Last Data Update: September 28, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1200 Seventeenth Street, Suite 2650, Denver, CO 80202
    County: Denver
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Denver, CO (#2080)
    Consolidated Metropolitan Statistical Area (CMSA): Denver-Boulder-Greeley, CO (#34)
    Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
    Core Based Statistical Area (CBSA): Denver-Aurora-Broomfield, CO (#19740)
    CBSA Metro Statistical Area: Denver-Aurora-Broomfield, CO (#19740)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $627.9 mil
    Equity capital: $68.8 mil
    Deposits held in domestic offices: $531.4 mil
    Return on assets (ROA): 0.23% ($1.4 mil)
    Quarterly return on assets: -0.03% (-$0.2 mil)
    Return on Equity (ROE): 2.20% ($1.5 mil)
    Quarterly return on equity: -0.30% (-$0.2 mil)
    Net income: $1.4 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.36% ($2,260.3 mil)
    Quarterly Pretax return on assets: 0.10% ($627.9 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
  • 117Total employees (full-time equivalent)
  • $627,853Total assets
  • $45,667Cash and due from depository institutions
  • $41,021Interest-bearing balances
  • $21,948Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $517,290Net loans & leases
  • $6,441Loan loss allowance
  • $0Trading account assets
  • $3,121Bank premises and fixed assets
  • $5,070Other real estate owned
  • $18,069Goodwill and other intangibles
  • $627,853Life insurance assets
  • $16,688All other assets
  • $559,066Total liabilities and capital
  • $531,379Total liabilities
  • $425,615Total deposits
  • $531,379Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,000Trading liabilities
  • $0Other borrowed funds
  • $2,687Subordinated debt
  • $68,787All other liabilities
  • $68,787Total equity capital
  • $68,787Total bank equity capital
  • $0Perpetual preferred stock
  • $2,500Common stock
  • $65,207Surplus
  • $1,080Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,729Income earned, not collected on loans
  • $0Earning assets
  • $1,877Long-term assets (5+ years)
  • $580,259Average Assets, year-to-date
  • $36,829Average Assets, quarterly
  • $591,416Volatile liabilities
  • $609,561Insider loans
  • $503,961FHLB advances
  • $575,804Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $50,584Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $107,232Restructured Loans and leases
  • $9,360Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $26,430Total interest income
  • $4,075Total interest expense
  • $22,355Net interest income
  • $4,156Provision for loan and lease losses
  • $11,483Total noninterest income
  • $9,302Fiduciary activities
  • $250Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,931Additional noninterest income
  • $27,976Total noninterest expense
  • $7,782Salaries and employee benefits
  • $3,665Premises and equipment expense
  • $16,529Additional noninterest expense
  • $1,706Pre-tax net operating income
  • $435Securities gains (losses)
  • $789Applicable income taxes
  • $1,352Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,352Net income attributable to bank
  • $0Net charge-offs
  • $1,352Cash dividends
  • $6,407Sale, conversion, retirement of capital stock, net
  • $1,042Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 4.06%Net interest margin
  • 2.08%Noninterest income to earning assets
  • 5.08%Noninterest expense to earning assets
  • 0.18%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 2.20%Return on equity (ROE)
  • 0.50%Retained earnings to average equity (YTD only)
  • 1.29%Net charge-offs to loans
  • 64.87%Credit loss provision to net charge-offs
  • 0.91%Efficiency ratio
  • 81,964Assets per employee
  • 5.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.07%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 54.92%Noncurrent assets plus other real estate owned to assets
  • 2.68%Noncurrent loans to loans
  • 2.24%Net loans and leases to deposits
  • 97.35%Net loans and leases to core deposits
  • 145.53%Equity capital to assets
  • 10.96%Core capital (leverage) ratio
  • 8.78%Tier 1 risk-based capital ratio
  • 10.04%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $591,416Average earning assets
  • $61,573Average equity
  • $550,968Average 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
  • $2,367,065Managed Assets
  • 1Number of Accounts
  • $2,367,065Personal trust and agency accounts
  • $1,021,591Employee benefit-defined contribution accounts
  • $295,926Employee benefit-defined benefit accounts
  • $13,913Other retirement accounts
  • $201,775Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $779,152Other fiduciary accounts
  • $54,708Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2186Number of Accounts
  • $0Personal trust and agency accounts
  • $201,775Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Arizona Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    8522304Phoenix Branch2425 E. Camelback Rd., Ste 100, Phoenix, AZ 85016September 12, 2011Full Service Brick and Mortar
    9463606Scottsdale Branch7025 N Scottsdale Rd, Scottsdale, AZ 85253November 12, 2008Full Service Brick and Mortar
  • 1 California Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    7517568Downtown Los Angeles Branch515 South Figueroa Street, Suite 1200, Los Angeles, CA 90071Febuary 22, 2011Full Service Brick and Mortar
  • 5 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0418417First Western Trust Bank1200 Seventeenth Street, Suite 2650, Denver, CO 80202March 17, 2004Full Service Brick and Mortar
    1434091Northern Colorado Branch3003 East Harmony Road, Suite 200, Fort Collins, CO 80528January 18, 2005Full Service Brick and Mortar
    2441900Cherry Creek Branch233 Milwaukee Street, Denver, CO 80206June 28, 2005Full Service Brick and Mortar
    3469372Boulder Branch1155 Canyon Boulevard, Suite 300, Boulder, CO 80302August 20, 2007Full Service Brick and Mortar
    6485251Dtc Cherry Hills6501 East Belleview Avenue, Suite 200, Englewood, CO 80111September 15, 2008Full Service Brick and Mortar

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