First Western Trust Bank Mortgage Rates, Fees & Info
Denver, COLEI: 254900KI7219LQKCI772
Tax ID: 27-0083757
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Bank Data
Review & Overview
First Western Trust Bank is a smaller bank specializing in Home Purchase and Refi loans. First Western Trust Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Denver, Fort Collins, Greeley, Boulder, and Edwards among others. We have data for 106 markets. (Some data included below & more in-depth data is available with an active subscription.)First Western Trust Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Western Trust Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/16/24 |
| 30 Year Conventional Refi | 6.25% | 12/16/24 |
| 30 Year Cash-out Refi | 6.26% | 12/16/24 |
| 30 Year FHA Purchase | 7.23% | 12/16/24 |
| 30 Year FHA Refi | 6.27% | 12/16/24 |
| 30 Year VA Purchase | 6.16% | 12/16/24 |
| 30 Year VA Refi | 6.08% | 12/16/24 |
| 30 Year USDA Purchase | 6.45% | 12/16/24 |
| 15 Year Conventional Purchase | 5.68% | 12/16/24 |
| 15 Year Conventional Refi | 5.86% | 12/16/24 |
| 15 Year Cash-out Refi | 5.86% | 12/16/24 |
| 15 Year FHA Refi | 6.65% | 12/16/24 |
| 15 Year VA Purchase | 5.56% | 12/16/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
First Western Trust Bank Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,828Origination Dollar Volume (All Markets)
$786,660,000Employee count
248Awards
First Western Trust Bank - 2019
First Western Trust Bank is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 993 | $453,275,000 | $456,470 | $3,741 | 4.00% |
| FORT COLLINS, CO (FHA|USDA|VA) | 323 | $107,175,000 | $331,811 | $3,540 | 3.98% |
| GREELEY, CO (FHA|USDA|VA) | 105 | $42,935,000 | $408,905 | $4,230 | 4.13% |
| BOULDER, CO (FHA|USDA|VA) | 54 | $33,250,000 | $615,741 | $3,924 | 4.01% |
| Edwards, CO (FHA|USDA|VA) | 18 | $14,580,000 | $810,000 | $3,620 | 3.94% |
| Glenwood Springs, CO (FHA|USDA|VA) | 18 | $13,080,000 | $726,667 | $3,712 | 3.89% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 25 | $12,155,000 | $486,200 | $3,978 | 4.13% |
| Outside of Metro Areas | 31 | $11,815,000 | $381,129 | $3,326 | 4.06% |
| Breckenridge, CO (FHA|USDA|VA) | 21 | $10,535,000 | $501,667 | $3,293 | 3.98% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 10 | $9,180,000 | $918,000 | $3,442 | 3.96% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 25 | $7,595,000 | $303,800 | $4,564 | 3.84% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 8 | $5,930,000 | $741,250 | $7,817 | 4.12% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 3 | $3,385,000 | $1,128,333 | $6,807 | 3.25% |
| Jackson, WY-ID (FHA|USDA|VA) | 8 | $3,190,000 | $398,750 | $4,406 | 3.75% |
| Steamboat Springs, CO (FHA|USDA|VA) | 5 | $3,075,000 | $615,000 | $3,632 | 3.95% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $2,385,000 | $477,000 | $4,830 | 4.20% |
| MODESTO, CA (FHA|USDA|VA) | 6 | $2,170,000 | $361,667 | $5,294 | 4.48% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 1 | $2,005,000 | $2,005,000 | $6,639 | 3.50% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 11 | $1,935,000 | $175,909 | $2,719 | 4.45% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 6 | $1,880,000 | $313,333 | $3,728 | 3.71% |
| PUEBLO, CO (FHA|USDA|VA) | 8 | $1,820,000 | $227,500 | $2,592 | 4.15% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 3 | $1,725,000 | $575,000 | $4,896 | 3.88% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,705,000 | $341,000 | $5,010 | 3.90% |
| Torrington, CT (FHA|USDA|VA) | 3 | $1,575,000 | $525,000 | $3,033 | 4.38% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 3 | $1,505,000 | $501,667 | $3,839 | 4.37% |
| SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) | 2 | $1,370,000 | $685,000 | $5,089 | 4.25% |
| CHEYENNE, WY (FHA|USDA|VA) | 6 | $1,230,000 | $205,000 | $4,287 | 4.17% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 3 | $1,225,000 | $408,333 | $3,356 | 3.79% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $1,205,000 | $1,205,000 | $6,502 | 4.13% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $3,473 | 4.16% |
| Bozeman, MT (FHA|USDA|VA) | 3 | $1,185,000 | $395,000 | $3,811 | 3.96% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 6 | $1,160,000 | $193,333 | $3,353 | 4.31% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 2 | $1,130,000 | $565,000 | $8,406 | 4.13% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 5 | $1,075,000 | $215,000 | $3,031 | 3.88% |
| Durango, CO (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $2,352 | 4.08% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $5,571 | 3.63% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $905,000 | $301,667 | $5,608 | 3.73% |
| Kalispell, MT (FHA|USDA|VA) | 1 | $855,000 | $855,000 | $6,031 | 3.75% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $815,000 | $271,667 | $4,910 | 4.13% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $5,200 | 4.04% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $4,646 | 3.71% |
| BEND, OR (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $6,336 | 3.71% |
| Heber, UT (FHA|USDA|VA) | 2 | $740,000 | $370,000 | $3,409 | 4.19% |
| CLEVELAND-ELYRIA, OH (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $3,736 | 4.42% |
| COLUMBUS, OH (FHA|USDA|VA) | 2 | $640,000 | $320,000 | $3,584 | 3.50% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $5,705 | 3.88% |
| Fort Morgan, CO (FHA|USDA|VA) | 2 | $580,000 | $290,000 | $3,975 | 4.69% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $5,143 | 4.08% |
| Outside of Metro Areas | 2 | $540,000 | $270,000 | $6,123 | 3.94% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $9,033 | 3.63% |
| MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) | 2 | $520,000 | $260,000 | $3,123 | 4.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $500,000 | $250,000 | $3,348 | 3.87% |
| Hilo, HI (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,395 | 3.99% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $6,100 | 4.25% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $2,519 | 3.50% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $3,689 | 4.38% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $6,345 | 3.63% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $3,461 | 3.75% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 4.88% |
| SIOUX CITY, IA-NE-SD (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,545 | 4.50% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,770 | 3.99% |
| ST. CLOUD, MN (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $3,191 | 3.63% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $8,830 | 3.63% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $3,871 | 3.99% |
| PROVO-OREM, UT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,620 | 3.88% |
| MERCED, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $3,547 | 3.88% |
| FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,932 | 4.25% |
| Montrose, CO (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $2,580 | 4.38% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $5,317 | 3.50% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $4,211 | 3.63% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,770 | 4.00% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $3,028 | 5.13% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $4,169 | 3.88% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 5.25% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 3.25% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,248 | 4.00% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 4.13% |
| Laramie, WY (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $3,093 | 3.99% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 4.00% |
| MONROE, LA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,061 | 3.75% |
| Dickinson, ND (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,201 | 3.38% |
| LONGVIEW, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $3,151 | 3.75% |
| Corning, NY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $5,878 | 3.88% |
| TOLEDO, OH (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 4.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $2,273 | 3.63% |
| LAWRENCE, KS (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,236 | 4.00% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.75% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 4.50% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,463 | 3.88% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,450 | 4.25% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,150 | 3.50% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,855 | 4.50% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,187 | 3.50% |
| SAN ANGELO, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $8,863 | 3.88% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,232 | 3.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,895 | 3.99% |
| GRAND FORKS, ND-MN (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,795 | 4.13% |
| SAVANNAH, GA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,792 | 4.25% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,182 | 4.13% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.50% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,954 | 4.25% |
| Oneonta, NY (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,687 | 4.50% |
| RENO, NV (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $3,162 | 4.13% |
| WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,601 | 4.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.88% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,839 | 3.75% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Western Trust Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2019, First Western Trust Bank's most frequently originated type of loan was Conventional, with 1,645 originations. Their 2nd most popular type was FHA, with 93 originations.
Loan Reason
For 2019, First Western Trust Bank's most frequently cited loan purpose was Home Purchase, with 939 originations. The 2nd most popular reason was Refi, with 532 originations.
Loan Duration/Length
For 2019, First Western Trust Bank's most frequently cited loan duration was 30 Year, with 1,615 originations. The 2nd most popular length was Other, with 95 originations.
Origination Fees/Closing Costs
First Western Trust Bank's average total fees were $3,899, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,320 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 1,111 | $499,345,000 | $449,455 |
| 4-5% | 675 | $270,345,000 | $400,511 |
| 5-6% | 38 | $10,680,000 | $281,053 |
| 2.5-3% | 3 | $6,045,000 | $2,015,000 |
| 6-7% | 1 | $245,000 | $245,000 |
During 2019, First Western Trust Bank's average interest rate for loans was 4.02%, while their most frequently originated rate bucket for loans was 3-4%, with 1,111 originations.
Loan Sizing
2019 saw First Western Trust Bank place emphasis on $200k-400k loans with 876 originations, totaling $269,490,000 in origination value.
Applicant Income
First Western Trust Bank lent most frequently to those with incomes in the $100k-150k range, with 480 originations. The second most popular income band? $150k-250k, with 376 originations.
Applicant Debt to Income Ratio
First Western Trust Bank lent most frequently to those with DTI ratios of 20-30%, with 421 originations. The next most common DTI ratio? 30-36%, with 336 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.42%
First Western Trust Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination74.18%
First Western Trust Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,828 | $786,660,000 | $430,339 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 6 | $18,660,000 | $3,110,000 |
| Single Family (1-4 Units):Site-Built | 1,822 | $768,000,000 | $421,515 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2019 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 2 | 13.3% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 4 | 26.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | VA mortgage | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 3 | 20.0% |
| FIRST HORIZON BANK | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Closing on a mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | FHA mortgage | Struggling to pay mortgage | 1 | 6.7% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 6.7% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| First Western Trust Bank | 1155 Canyon Boulevard, Suite 300 Boulder, CO 80302 | Full Service B&M | $98,905 |
| First Western Trust Bank | 1900 16th Street, Suite 1200 Denver, CO 80202 | Full Service B&M | $430,483 |
| First Western Trust Bank | 1901 Avenue Of The Stars, Ste 200 Los Angeles, CA 90067 | Limited, Trust Office | $0 |
| First Western Trust Bank | 201 North Mill Street, Suite 203 Aspen, CO 81611 | Full Service B&M | $25,951 |
| First Western Trust Bank | 233 Milwaukee Street Denver, CO 80206 | Full Service B&M | $81,328 |
| First Western Trust Bank | 2425 E. Camelback Rd., Ste 100 Phoenix, AZ 85016 | Full Service B&M | $46,087 |
| First Western Trust Bank | 3003 East Harmony Road, Suite 200 Fort Collins, CO 80528 | Full Service B&M | $168,954 |
| First Western Trust Bank | 6501 East Belleview Avenue, Suite 200 Englewood, CO 80111 | Full Service B&M | $45,312 |
| First Western Trust Bank | 690 S. Us Hwy 89, Suite 260 Jackson, WY 83001 | Full Service Retail | $35,686 |
| First Western Trust Bank | 7025 N Scottsdale Rd Scottsdale, AZ 85253 | Full Service B&M | $82,995 |
For 2019, First Western Trust Bank had 10 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $46,463 |
| Net interest income | $33,950 |
| Total noninterest income | $35,610 |
| Gross Fiduciary activities income | $15,905 |
| Service charges on deposit accounts | $759 |
| Trading account gains and fees | $0 |
| Additional Noninterest Income | $18,946 |
| Pre-tax net operating income | $12,223 |
| Securities gains (or losses, -) | $140 |
| Income before extraordinary items | $9,624 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $9,624 |
| Minority interest net income | $0 |
| Net income | $9,624 |
| Sale, conversion, retirement of capital stock, net | $2,404 |
| Net operating income | $9,513 |
First Western Trust Bank's gross interest income from loans was $46,463,000.
First Western Trust Bank's net interest income from loans was $33,950,000.
First Western Trust Bank's fee based income from loans was $759,000.
First Western Trust Bank's net income from loans was $9,624,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $12,513 |
| Provision for credit losses | $662 |
| Total noninterest expense | $56,675 |
| Salaries and employee benefits | $37,489 |
| Premises and equipment expense | $6,487 |
| Additional noninterest expense | $12,699 |
| Applicable income taxes | $2,739 |
| Net charge-offs | $238 |
| Cash dividends | $0 |
First Western Trust Bank's interest expense for loans was $12,513,000.
First Western Trust Bank's payroll and benefits expense were $37,489,000.
First Western Trust Bank's property, plant and equipment expenses $6,487,000.
Loan Performance
| Type of Loan | % of Loans Noncurrent (30+ days, end of period snapshot) |
|---|---|
| All loans | 0.0% |
| Real Estate loans | 0.0% |
| Construction & Land Development loans | 0.0% |
| Nonfarm, nonresidential loans | 0.0% |
| Multifamily residential loans | 0.0% |
| 1-4 family residential loans | 0.0% |
| HELOC loans | 0.0% |
| All other family | 0.0% |
| Commercial & industrial loans | 3.0% |
| Personal loans | 0.0% |
| Credit card loans | 0.0% |
| Other individual loans | 0.0% |
| Auto loans | 0.0% |
| Other consumer loans | 0.0% |
| Unsecured commercial real estate loans | 0.0% |
Deposits
| Type | Value (in 000's) |
|---|---|
| Total deposits | $1,097,242 |
| Deposits held in domestic offices | $1,097,242 |
| Deposits by Individuals, partnerships, and corporations | $979,423 |
| Deposits by U.S. Government | $0 |
| Deposits by States and political subdivisions in the U.S. | $110,955 |
| Deposits by Commercial banks and other depository institutions in U.S. | $6,864 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $342,448 |
| Demand deposits | $250,526 |
| Nontransaction accounts | $754,794 |
| Money market deposit accounts (MMDAs) | $615,575 |
| Other savings deposits (excluding MMDAs) | $4,307 |
| Total time deposits | $134,912 |
| Total time and savings deposits | $846,716 |
| Noninterest-bearing deposits | $250,526 |
| Interest-bearing deposits | $846,716 |
| Retail deposits | $972,183 |
| IRAs and Keogh plan accounts | $2 |
| Brokered deposits | $63,464 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $1,241,291 |
| Cash & Balances due from depository institutions | $78,639 |
| Interest-bearing balances | $67,664 |
| Total securities | $59,617 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $1,035,106 |
| Loan and leases loss allowance | $7,875 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $14,254 |
| Other real estate owned | $658 |
| Goodwill and other intangibles | $16,022 |
| All other assets | $36,995 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $1,241,291 |
| Total Liabilities | $1,126,872 |
| Total deposits | $1,097,242 |
| Interest-bearing deposits | $846,716 |
| Deposits held in domestic offices | $1,097,242 |
| % insured (estimated) | $46 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $23,192 |
| Subordinated debt | $0 |
| All other liabilities | $6,438 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $1,035,106 |
| Loan and leases loss allowance | $7,875 |
| Total loans and leases (domestic) | $1,042,981 |
| All real estate loans | $763,853 |
| Real estate loans in domestic offices | $763,853 |
| Construction and development loans | $28,285 |
| Residential 1-4 family construction | $7,980 |
| Other construction, all land development and other land | $20,305 |
| Loans secured by nonfarm nonresidential properties | $274,494 |
| Nonfarm nonresidential secured by owner-occupied properties | $146,733 |
| Commercial real estate & other non-farm, non-residential | $127,761 |
| Multifamily residential real estate | $18,156 |
| 1-4 family residential loans | $442,698 |
| Farmland loans | $220 |
| Loans held in foreign offices | $0 |
| Farm loans | $0 |
| Commercial and industrial loans | $194,456 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $84,672 |
| Credit card loans | $0 |
| Related Plans | $49,832 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $34,840 |
| All other loans & leases | $0 |
| Loans to foreign governments and official institutions | $0 |
| Other loans | $0 |
| Loans to depository institutions and acceptances of other banks | $0 |
| Loans not secured by real estate | $0 |
| Loans secured by real estate to non-U.S. addressees | $0 |
| Restructured Loans & leases | $5,055 |
| Non 1-4 family restructured loans & leases | $5,055 |
| Total loans and leases (foreign) | $0 |
First Western Trust Bank had $1,035,106,000 of loans outstanding in 2019. $763,853,000 of loans were in real estate loans. $28,285,000 of loans were in development loans. $18,156,000 of loans were in multifamily mortgage loans. $442,698,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.
Small Business Loans
| Categorization | # of Loans in Category | $ amount of loans (in 000's) | Average $/loan |
|---|---|---|---|
| Nonfarm, nonresidential loans - <$1MM | 64 | $29,926 | $467,594 |
| Nonfarm, nonresidential loans - <$100k | 1 | $31 | $31,000 |
| Nonfarm, nonresidential loans - $100-250k | 8 | $1,457 | $182,125 |
| Nonfarm, nonresidential loans - $250k-1MM | 55 | $28,438 | $517,055 |
| Commercial & Industrial, US addressed loans - <$1MM | 134 | $36,058 | $269,090 |
| Commercial & Industrial, US addressed loans - <$100k | 54 | $2,405 | $44,537 |
| Commercial & Industrial, US addressed loans - $100-250k | 25 | $4,521 | $180,840 |
| Commercial & Industrial, US addressed loans - $250k-1MM | 55 | $29,132 | $529,673 |
| Farmland loans - <$1MM | 1 | $220 | $220,000 |
| Farmland loans - $100-250k | 1 | $220 | $220,000 |