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

First Western Trust Bank in Denver, Colorado (CO), AZ, CA
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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

No	ID	Name	Address	Established	Service Type	Map
8	522304	Phoenix Branch	2425 E. Camelback Rd., Ste 100, Phoenix, AZ 85016	September 12, 2011	Full Service Brick and Mortar
9	463606	Scottsdale Branch	7025 N Scottsdale Rd, Scottsdale, AZ 85253	November 12, 2008	Full Service Brick and Mortar

1 California Branch as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
7	517568	Downtown Los Angeles Branch	515 South Figueroa Street, Suite 1200, Los Angeles, CA 90071	Febuary 22, 2011	Full Service Brick and Mortar

5 Colorado Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	418417	First Western Trust Bank	1200 Seventeenth Street, Suite 2650, Denver, CO 80202	March 17, 2004	Full Service Brick and Mortar
1	434091	Northern Colorado Branch	3003 East Harmony Road, Suite 200, Fort Collins, CO 80528	January 18, 2005	Full Service Brick and Mortar
2	441900	Cherry Creek Branch	233 Milwaukee Street, Denver, CO 80206	June 28, 2005	Full Service Brick and Mortar
3	469372	Boulder Branch	1155 Canyon Boulevard, Suite 300, Boulder, CO 80302	August 20, 2007	Full Service Brick and Mortar
6	485251	Dtc Cherry Hills	6501 East Belleview Avenue, Suite 200, Englewood, CO 80111	September 15, 2008	Full Service Brick and Mortar

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

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

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