First Western Trust Bank Mortgage Rates, Fees & Info

Denver, CO

LEI: 254900KI7219LQKCI772

Tax ID: 27-0083757

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Bank Data

Review & Overview

First Western Trust Bank is a small bank specializing in Refi and Home Purchase 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 Phoenix among others. We have data for 146 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Western Trust Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

3,803

Origination Dollar Volume (All Markets)

$1,521,335,000

Employee count

305 Show all (34) awards

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) 1,987 $811,405,000 $408,357 $3,215 3.02%
FORT COLLINS, CO (FHA|USDA|VA) 733 $247,865,000 $338,151 $3,286 3.12%
GREELEY, CO (FHA|USDA|VA) 245 $83,385,000 $340,347 $3,511 3.15%
BOULDER, CO (FHA|USDA|VA) 143 $70,925,000 $495,979 $3,223 3.07%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 78 $48,770,000 $625,256 $3,630 3.03%
Outside of Metro Areas 72 $28,100,000 $390,278 $3,299 3.01%
COLORADO SPRINGS, CO (FHA|USDA|VA) 55 $18,675,000 $339,545 $3,315 2.90%
Edwards, CO (FHA|USDA|VA) 25 $17,085,000 $683,400 $3,428 3.04%
Glenwood Springs, CO (FHA|USDA|VA) 16 $16,150,000 $1,009,375 $3,945 3.13%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 26 $15,430,000 $593,462 $4,476 2.98%
Jackson, WY-ID (FHA|USDA|VA) 13 $14,985,000 $1,152,692 $4,560 3.06%
Breckenridge, CO (FHA|USDA|VA) 24 $11,430,000 $476,250 $3,396 3.07%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 25 $11,095,000 $443,800 $3,253 2.83%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 11 $8,805,000 $800,455 $4,692 3.20%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 13 $5,785,000 $445,000 $3,946 2.88%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 11 $4,805,000 $436,818 $7,200 2.82%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 9 $3,965,000 $440,556 $5,003 2.96%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 8 $3,910,000 $488,750 $3,982 2.97%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 8 $3,090,000 $386,250 $3,789 2.78%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 8 $3,050,000 $381,250 $3,666 2.86%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 7 $2,935,000 $419,286 $3,978 3.14%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 6 $2,460,000 $410,000 $4,074 2.85%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 4 $2,420,000 $605,000 $4,581 3.13%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 5 $2,345,000 $469,000 $5,059 2.85%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $2,230,000 $1,115,000 $3,514 3.25%
NAPA, CA (FHA|USDA|VA) 1 $2,105,000 $2,105,000 $5,194 3.00%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 6 $2,020,000 $336,667 $5,439 2.96%
PUEBLO, CO (FHA|USDA|VA) 10 $2,010,000 $201,000 $4,174 2.86%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 8 $1,880,000 $235,000 $3,448 3.23%
PROVO-OREM, UT (FHA|USDA|VA) 5 $1,795,000 $359,000 $3,028 2.87%
Steamboat Springs, CO (FHA|USDA|VA) 5 $1,765,000 $353,000 $3,070 2.80%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 5 $1,715,000 $343,000 $3,712 2.93%
TUCSON, AZ (FHA|USDA|VA) 5 $1,665,000 $333,000 $4,093 3.18%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 4 $1,660,000 $415,000 $3,655 3.06%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $1,620,000 $270,000 $4,329 3.19%
SALINAS, CA (FHA|USDA|VA) 3 $1,615,000 $538,333 $3,497 3.46%
GRAND JUNCTION, CO (FHA|USDA|VA) 6 $1,610,000 $268,333 $3,733 3.00%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 3 $1,605,000 $535,000 $5,036 2.88%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 9 $1,595,000 $177,222 $4,089 3.49%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 4 $1,480,000 $370,000 $5,849 2.78%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $1,465,000 $488,333 $2,962 3.21%
KANSAS CITY, MO-KS (FHA|USDA|VA) 6 $1,400,000 $233,333 $2,698 3.35%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 3 $1,385,000 $461,667 $6,089 3.38%
Hilo, HI (FHA|USDA|VA) 3 $1,385,000 $461,667 $4,963 3.08%
SANTA FE, NM (FHA|USDA|VA) 4 $1,370,000 $342,500 $3,697 2.47%
BOISE CITY, ID (FHA|USDA|VA) 3 $1,325,000 $441,667 $5,036 2.71%
CHEYENNE, WY (FHA|USDA|VA) 4 $1,320,000 $330,000 $3,741 3.31%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $1,250,000 $312,500 $3,686 3.22%
Bozeman, MT (FHA|USDA|VA) 4 $1,200,000 $300,000 $2,805 2.97%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 4 $1,120,000 $280,000 $4,279 3.09%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,090,000 $272,500 $4,193 3.66%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 4 $1,090,000 $272,500 $4,813 3.28%
Outside of Metro Areas 3 $1,085,000 $361,667 $5,537 3.04%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $1,065,000 $355,000 $2,984 2.92%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 2 $1,060,000 $530,000 $2,474 2.81%
ALBUQUERQUE, NM (FHA|USDA|VA) 4 $990,000 $247,500 $2,909 3.22%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 3 $985,000 $328,333 $2,757 2.83%
SIOUX FALLS, SD (FHA|USDA|VA) 3 $905,000 $301,667 $2,550 3.42%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $885,000 $295,000 $6,364 3.21%
Heber, UT (FHA|USDA|VA) 2 $840,000 $420,000 $2,479 3.31%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 4 $840,000 $210,000 $2,661 3.28%
BEND, OR (FHA|USDA|VA) 2 $830,000 $415,000 $3,987 3.18%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $820,000 $410,000 $4,396 2.75%
ROCHESTER, MN (FHA|USDA|VA) 4 $780,000 $195,000 $2,135 2.66%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 2 $770,000 $385,000 $4,169 2.88%
CaƱon City, CO (FHA|USDA|VA) 3 $705,000 $235,000 $3,919 2.88%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $685,000 $228,333 $2,596 3.13%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $640,000 $320,000 $3,198 2.94%
STOCKTON, CA (FHA|USDA|VA) 2 $640,000 $320,000 $4,738 3.06%
CORVALLIS, OR (FHA|USDA|VA) 3 $635,000 $211,667 $0 3.42%
CLEVELAND, TN (FHA|USDA|VA) 1 $635,000 $635,000 $5,266 3.63%
OKLAHOMA CITY, OK (FHA|USDA|VA) 3 $605,000 $201,667 $3,107 3.08%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 2 $600,000 $300,000 $2,240 3.06%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 2 $600,000 $300,000 $6,337 2.88%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $580,000 $290,000 $4,067 3.75%
Torrington, CT (FHA|USDA|VA) 1 $515,000 $515,000 $4,965 3.00%
Kalispell, MT (FHA|USDA|VA) 1 $515,000 $515,000 $2,287 3.00%
Brainerd, MN (FHA|USDA|VA) 1 $515,000 $515,000 $3,144 2.75%
Payson, AZ (FHA|USDA|VA) 1 $515,000 $515,000 $5,190 2.75%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $515,000 $515,000 $3,120 2.88%
MEDFORD, OR (FHA|USDA|VA) 2 $510,000 $255,000 $3,527 3.06%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $505,000 $505,000 $6,406 2.50%
LOGAN, UT-ID (FHA|USDA|VA) 1 $505,000 $505,000 $3,395 3.63%
Gillette, WY (FHA|USDA|VA) 1 $495,000 $495,000 $4,157 2.75%
Fort Morgan, CO (FHA|USDA|VA) 3 $485,000 $161,667 $2,439 3.08%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $465,000 $465,000 $2,494 2.88%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $455,000 $455,000 $10,412 3.50%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 2 $450,000 $225,000 $2,466 3.19%
VALLEJO, CA (FHA|USDA|VA) 1 $445,000 $445,000 $2,558 2.63%
JACKSONVILLE, FL (FHA|USDA|VA) 2 $430,000 $215,000 $3,297 3.50%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $420,000 $210,000 $3,756 3.75%
Spearfish, SD (FHA|USDA|VA) 1 $415,000 $415,000 $2,715 3.13%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 1 $395,000 $395,000 $4,840 3.13%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 1 $375,000 $375,000 $4,738 2.88%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $360,000 $180,000 $4,151 3.56%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 1 $355,000 $355,000 $2,820 2.75%
Durango, CO (FHA|USDA|VA) 1 $345,000 $345,000 $4,220 3.63%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $330,000 $165,000 $0 3.25%
Las Vegas, NM (FHA|USDA|VA) 1 $325,000 $325,000 $2,617 2.63%
AKRON, OH (FHA|USDA|VA) 2 $320,000 $160,000 $2,261 3.44%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 1 $315,000 $315,000 $0 3.50%
Georgetown, SC (FHA|USDA|VA) 1 $315,000 $315,000 $3,959 2.50%
Laramie, WY (FHA|USDA|VA) 2 $310,000 $155,000 $819 2.75%
LAS CRUCES, NM (FHA|USDA|VA) 1 $305,000 $305,000 $3,091 2.50%
THE VILLAGES, FL (FHA|USDA|VA) 1 $305,000 $305,000 $7,464 2.63%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 1 $305,000 $305,000 $2,416 2.63%
Astoria, OR (FHA|USDA|VA) 1 $305,000 $305,000 $3,892 3.25%
FORT WAYNE, IN (FHA|USDA|VA) 1 $295,000 $295,000 $2,179 3.13%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $285,000 $285,000 $2,999 3.75%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $285,000 $285,000 $4,364 3.25%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $285,000 $285,000 $7,295 3.50%
FARMINGTON, NM (FHA|USDA|VA) 1 $275,000 $275,000 $2,580 3.75%
Fort Leonard Wood, MO (FHA|USDA|VA) 2 $260,000 $130,000 $1,742 2.31%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $255,000 $255,000 $3,395 2.63%
PITTSBURGH, PA (FHA|USDA|VA) 1 $245,000 $245,000 $3,905 3.25%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $245,000 $245,000 $4,335 3.00%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $235,000 $235,000 $0 3.13%
CHICO, CA (FHA|USDA|VA) 1 $235,000 $235,000 $2,710 2.75%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $225,000 $225,000 $3,221 3.38%
Taos, NM (FHA|USDA|VA) 1 $215,000 $215,000 $3,766 3.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $215,000 $215,000 $7,204 2.25%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 2 $210,000 $105,000 $0 3.75%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $205,000 $205,000 $2,906 2.99%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $205,000 $205,000 $1,936 2.63%
RENO, NV (FHA|USDA|VA) 1 $195,000 $195,000 $3,231 3.63%
KNOXVILLE, TN (FHA|USDA|VA) 1 $195,000 $195,000 $2,390 2.88%
Montrose, CO (FHA|USDA|VA) 1 $195,000 $195,000 $2,284 3.13%
LAWRENCE, KS (FHA|USDA|VA) 1 $195,000 $195,000 $5,482 3.00%
ST. GEORGE, UT (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.63%
DULUTH, MN-WI (FHA|USDA|VA) 1 $165,000 $165,000 $3,227 2.63%
SAN ANGELO, TX (FHA|USDA|VA) 1 $165,000 $165,000 $2,539 2.38%
RICHMOND, VA (FHA|USDA|VA) 1 $165,000 $165,000 $0 4.13%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $165,000 $165,000 $2,264 3.38%
Show Low, AZ (FHA|USDA|VA) 1 $155,000 $155,000 $2,267 2.75%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $155,000 $155,000 $3,351 4.88%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $145,000 $145,000 $3,038 3.25%
COLUMBUS, OH (FHA|USDA|VA) 1 $145,000 $145,000 $2,937 3.25%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 1 $145,000 $145,000 $0 2.25%
GRAND ISLAND, NE (FHA|USDA|VA) 1 $135,000 $135,000 $2,838 2.75%
LAWTON, OK (FHA|USDA|VA) 1 $125,000 $125,000 $3,436 3.25%
Cedar City, UT (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.13%
TOLEDO, OH (FHA|USDA|VA) 1 $105,000 $105,000 $3,096 3.13%
LAKE CHARLES, LA (FHA|USDA|VA) 1 $105,000 $105,000 $0 4.13%
POCATELLO, ID (FHA|USDA|VA) 1 $95,000 $95,000 $0 3.88%
LOUISVILLE, KY (FHA|USDA|VA) 1 $85,000 $85,000 $0 4.25%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $75,000 $75,000 $0 3.25%
First Western Trust Bank's top markets include Denver, Fort Collins, Greeley, Boulder, and Phoenix among others.

Their top states include:
  • Colorado (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,496 $1,404,670,000 $401,793 $3,125 3.08%
    VA 209 $83,525,000 $399,641 $4,375 2.67%
    FHA 90 $30,710,000 $341,222 $8,530 2.93%
    USDA 8 $2,430,000 $303,750 $6,721 2.97%

    For 2020, First Western Trust Bank's most frequently originated type of loan was Conventional, with 3,496 originations. Their 2nd most popular type was VA, with 209 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,973 $736,545,000 $373,312 $2,802 3.01%
    Home Purchase 1,169 $523,185,000 $447,549 $4,249 3.04%
    Cash Out Refi 632 $251,780,000 $398,386 $3,400 3.19%
    Home Improvement 29 $9,825,000 $338,793 $2,532 2.91%

    For 2020, First Western Trust Bank's most frequently cited loan purpose was Refi, with 1,973 originations. The 2nd most popular reason was Home Purchase, with 1,169 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,265 $1,317,185,000 $403,426 $3,436 3.08%
    15 Year 302 $93,930,000 $311,026 $2,759 2.66%
    Other 105 $52,685,000 $501,762 $3,238 3.29%
    20 Year 91 $29,045,000 $319,176 $2,792 2.93%
    10 Year 25 $6,045,000 $241,800 $2,443 2.63%
    5 Year 15 $22,445,000 $1,496,333 $0 4.12%

    For 2020, First Western Trust Bank's most frequently cited loan duration was 30 Year, with 3,265 originations. The 2nd most popular length was 15 Year, with 302 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 2,896 $1,187,040,000 $409,890
    $1k-2k 221 $75,885,000 $343,371
    $2k-3k 110 $44,780,000 $407,091
    $3k-4k 48 $20,040,000 $417,500
    $5k+ 41 $26,705,000 $651,341
    $4k-5k 30 $14,750,000 $491,667

    First Western Trust Bank's average total fees were $3,436, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,896 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,640 $680,510,000 $414,945
    2.5-3% 1,604 $642,520,000 $400,574
    <2.5% 480 $162,970,000 $339,521
    4-5% 79 $35,335,000 $447,278

    During 2020, First Western Trust Bank's average interest rate for loans was 3.08%, while their most frequently originated rate bucket for loans was 3-4%, with 1,640 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,987 $606,055,000 $305,010 $3,105 3.04%
    $400k-600k 1,166 $558,080,000 $478,628 $3,540 3.00%
    $100k-200k 369 $59,125,000 $160,230 $2,570 3.08%
    $600k-1MM 165 $123,885,000 $750,818 $4,688 3.30%
    $1MM+ 97 $172,725,000 $1,780,670 $5,552 3.24%
    $100,000 or less 19 $1,465,000 $77,105 $2,568 2.91%

    2020 saw First Western Trust Bank place emphasis on $200k-400k loans with 1,987 originations, totaling $606,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 994 $364,030,000 $366,227 $3,139 3.05%
    $150k-250k 896 $361,940,000 $403,951 $3,375 3.05%
    $250k+ 575 $359,985,000 $626,061 $3,923 3.14%
    $75k-100k 564 $186,410,000 $330,514 $3,322 3.04%
    $50k-75k 470 $129,500,000 $275,532 $3,437 3.02%
    $50k or less 282 $80,850,000 $286,702 $2,896 2.84%

    First Western Trust Bank lent most frequently to those with incomes in the $100k-150k range, with 994 originations. The second most popular income band? $150k-250k, with 896 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 955 $370,845,000 $388,319 $3,158 3.01%
    30-36% 728 $288,620,000 $396,456 $3,313 3.10%
    <20% 476 $206,390,000 $433,592 $3,068 2.97%
    42% 140 $53,910,000 $385,071 $3,505 3.17%
    36% 131 $52,725,000 $402,481 $3,368 3.10%
    41% 130 $51,890,000 $399,154 $3,704 3.03%
    38% 126 $48,050,000 $381,349 $3,572 3.15%
    44% 113 $41,175,000 $364,381 $3,441 3.10%
    43% 108 $39,850,000 $368,981 $3,851 3.09%
    40% 108 $42,940,000 $397,593 $3,336 3.05%
    37% 107 $38,985,000 $364,346 $3,028 3.12%
    39% 104 $42,120,000 $405,000 $3,399 3.12%
    46% 86 $32,080,000 $373,023 $3,852 3.08%
    45% 78 $27,640,000 $354,359 $3,629 3.09%
    48% 74 $25,870,000 $349,595 $3,499 3.12%
    47% 64 $23,470,000 $366,719 $3,588 3.17%
    50-60% 55 $21,375,000 $388,636 $6,573 2.92%
    49% 53 $17,525,000 $330,660 $3,293 3.03%
    >60% 3 $5,255,000 $1,751,667 $11,880 3.13%

    First Western Trust Bank lent most frequently to those with DTI ratios of 20-30%, with 955 originations. The next most common DTI ratio? 30-36%, with 728 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,310 $1,298,850,000 $392,402 $3,350 3.05%
    Asian 289 $116,555,000 $403,304 $3,196 2.95%
    Not applicable 20 $36,440,000 $1,822,000 $0 3.87%
    Not provided 97 $36,095,000 $372,113 $3,767 3.19%
    Black 44 $16,890,000 $383,864 $3,692 3.00%
    American Indian 27 $9,855,000 $365,000 $2,766 2.92%
    Asian Indian 8 $3,320,000 $415,000 $3,306 3.13%
    Native Hawaiian or Islander 5 $1,865,000 $373,000 $3,513 3.15%
    Other Asian 2 $1,190,000 $595,000 $3,199 3.50%
    Chinese 1 $275,000 $275,000 $4,224 3.75%

    Approval Rates

    Total approvals of all applications
    98.97%

    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 origination
    79.67%

    First Western Trust Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,803 $1,521,335,000 $400,035

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 14 $33,950,000 $2,425,000
    Single Family (1-4 Units):Site-Built 3,789 $1,487,385,000 $392,553

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 285 $81,255,000 $285,105 $2,833 2.90%
    40-60% 829 $318,595,000 $384,312 $2,829 2.96%
    60-80% 1,719 $730,565,000 $424,994 $3,124 3.14%
    80-100% 925 $372,575,000 $402,784 $4,058 3.02%
    Over 100% 16 $6,810,000 $425,625 $14,915 2.93%
    Under 20% 29 $11,535,000 $397,759 $3,243 2.72%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRST HORIZON BANK Conventional home mortgage Trouble during payment process 4 26.7%
    FIRST HORIZON BANK Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 6.7%
    FIRST HORIZON BANK Conventional home mortgage Closing on a mortgage 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Trouble during payment process 2 13.3%
    FIRST HORIZON BANK Other type of mortgage Struggling to pay mortgage 1 6.7%
    FIRST HORIZON BANK Other type of mortgage Closing on a mortgage 2 13.3%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Trouble during payment process 1 6.7%
    FIRST HORIZON BANK Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 3 20.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    First Western Trust Bank 10457 Park Meadows Drive Suite 300 Lone Tree, CO 80124 Full Service B&M $21,069
    First Western Trust Bank 1155 Canyon Boulevard, Suite 300 Boulder, CO 80302 Full Service B&M $176,079
    First Western Trust Bank 137 Benchmark Road, Suite D4 Avon, CO 81620 Full Service B&M $0
    First Western Trust Bank 1900 16th Street, Suite 1200 Denver, CO 80202 Full Service B&M $548,685
    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 $26,810
    First Western Trust Bank 233 Milwaukee Street Denver, CO 80206 Full Service B&M $97,360
    First Western Trust Bank 2425 E. Camelback Rd., Ste 100 Phoenix, AZ 85016 Full Service B&M $70,022
    First Western Trust Bank 3003 East Harmony Road, Suite 200 Fort Collins, CO 80528 Full Service B&M $197,239
    First Western Trust Bank 3531 South Logan Street, Suite A Englewood, CO 80110 Full Service B&M $26,761
    First Western Trust Bank 6501 East Belleview Avenue, Suite 200 Englewood, CO 80111 Full Service B&M $62,716
    First Western Trust Bank 690 S. Us Hwy 89, Suite 260 Jackson, WY 83001 Full Service Retail $32,771
    First Western Trust Bank 7025 N Scottsdale Rd Scottsdale, AZ 85253 Full Service B&M $136,481
    First Western Trust Bank 9131 South Broadway, Suite 500 Highlands Ranch, CO 80126 Full Service B&M $17,413

    For 2020, First Western Trust Bank had 14 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $55,949
    Net interest income $49,571
    Total noninterest income $61,178
    Gross Fiduciary activities income $16,104
    Service charges on deposit accounts $753
    Trading account gains and fees $0
    Additional Noninterest Income $44,321
    Pre-tax net operating income $34,350
    Securities gains (or losses, -) $15
    Income before extraordinary items $25,886
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $25,886
    Minority interest net income $0
    Net income $25,886
    Sale, conversion, retirement of capital stock, net $2,528
    Net operating income $25,874

    First Western Trust Bank's gross interest income from loans was $55,949,000.
    First Western Trust Bank's net interest income from loans was $49,571,000.
    First Western Trust Bank's fee based income from loans was $753,000.
    First Western Trust Bank's net income from loans was $25,886,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,378
    Provision for credit losses $4,682
    Total noninterest expense $71,717
    Salaries and employee benefits $48,672
    Premises and equipment expense $5,888
    Additional noninterest expense $17,157
    Applicable income taxes $8,479
    Net charge-offs $18
    Cash dividends $0

    First Western Trust Bank's interest expense for loans was $6,378,000.
    First Western Trust Bank's payroll and benefits expense were $48,672,000.
    First Western Trust Bank's property, plant and equipment expenses $5,888,000.

    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 0.0%
    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 $1,634,180
    Deposits held in domestic offices $1,634,180
    Deposits by Individuals, partnerships, and corporations $1,467,944
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $159,314
    Deposits by Commercial banks and other depository institutions in U.S. $6,922
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $608,779
    Demand deposits $495,727
    Nontransaction accounts $1,025,401
    Money market deposit accounts (MMDAs) $847,430
    Other savings deposits (excluding MMDAs) $5,289
    Total time deposits $172,682
    Total time and savings deposits $1,138,453
    Noninterest-bearing deposits $495,727
    Interest-bearing deposits $1,138,453
    Retail deposits $1,422,958
    IRAs and Keogh plan accounts $782
    Brokered deposits $137,821
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $1,967,645
    Cash & Balances due from depository institutions $155,990
    Interest-bearing balances $147,673
    Total securities $37,396
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,674,926
    Loan and leases loss allowance $12,539
    Trading account assets $0
    Bank premises and fixed assets $15,366
    Other real estate owned $194
    Goodwill and other intangibles $24,258
    All other assets $59,515

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $1,967,645
    Total Liabilities $1,810,268
    Total deposits $1,634,180
    Interest-bearing deposits $1,138,453
    Deposits held in domestic offices $1,634,180
    % insured (estimated) $52
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $163,533
    Subordinated debt $0
    All other liabilities $12,555

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,674,926
    Loan and leases loss allowance $12,539
    Total loans and leases (domestic) $1,687,465
    All real estate loans $1,184,571
    Real estate loans in domestic offices $1,184,571
    Construction and development loans $127,775
    Residential 1-4 family construction $13,723
    Other construction, all land development and other land $114,052
    Loans secured by nonfarm nonresidential properties $384,629
    Nonfarm nonresidential secured by owner-occupied properties $163,292
    Commercial real estate & other non-farm, non-residential $221,337
    Multifamily residential real estate $61,128
    1-4 family residential loans $608,636
    Farmland loans $2,403
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $417,661
    To non-U.S. addressees $0
    Loans to individuals $85,233
    Credit card loans $0
    Related Plans $57,770
    Consumer Auto Loans $0
    Other loans to individuals $27,463
    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 $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    First Western Trust Bank had $1,674,926,000 of loans outstanding in 2020. $1,184,571,000 of loans were in real estate loans. $127,775,000 of loans were in development loans. $61,128,000 of loans were in multifamily mortgage loans. $608,636,000 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 94 $43,025 $457,713
    Nonfarm, nonresidential loans - <$100k 3 $139 $46,333
    Nonfarm, nonresidential loans - $100-250k 15 $2,454 $163,600
    Nonfarm, nonresidential loans - $250k-1MM 76 $40,432 $532,000
    Commercial & Industrial, US addressed loans - <$1MM 497 $65,594 $131,980
    Commercial & Industrial, US addressed loans - <$100k 298 $10,558 $35,430
    Commercial & Industrial, US addressed loans - $100-250k 100 $13,389 $133,890
    Commercial & Industrial, US addressed loans - $250k-1MM 99 $41,647 $420,677
    Farmland loans - <$1MM 1 $198 $198,000
    Farmland loans - $100-250k 1 $198 $198,000