First Western Bank & Trust Mortgage Rates, Fees & Info
Minot, ND
LEI: 5493005A0757T9GRRI44
Tax ID: 45-0279825
5 stars
-
out of 5 stars, based on 37 reviews
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Mortgage Data
Bank Data
Overview
First Western Bank & Trust is a
smaller
bank
specializing in
Home Purchase and Refi loans.
First Western Bank & Trust 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 include Fargo, Brainerd, Bismarck, Minneapolis, and Alexandria among others. First Western Bank & Trust has
an above average
approval rate for mortages when compared nationally.
They have
a below average
pick rate when compared to the same sample of other lendors.
First Western Bank & Trust is typically
an average fee
lendor.
Originations
1,366
Origination Dollar Volume (All Markets)
$367,390,000
Employee count
344
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First Western Bank & Trust - 2021
First Western Bank & Trust is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
First Western Bank & Trust's average 30 year fixed rate mortgage of loans were
2.82%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.33%.
Relative Fees
First Western Bank & Trust's average total fees for a 30 year fixed rate
mortgage are $4,240.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
|
FARGO, ND-MN (FHA|USDA|VA)
|
284
|
$75,540,000 |
$265,986 |
$3,927 |
3.09% |
|
Brainerd, MN (FHA|USDA|VA)
|
321
|
$75,355,000 |
$234,751 |
$3,805 |
3.07% |
|
BISMARCK, ND (FHA|USDA|VA)
|
147
|
$48,055,000 |
$326,905 |
$3,990 |
3.03% |
|
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA)
|
60
|
$47,050,000 |
$784,167 |
$3,597 |
2.83% |
|
Alexandria, MN (FHA|USDA|VA)
|
143
|
$31,785,000 |
$222,273 |
$3,841 |
2.79% |
|
Minot, ND (FHA|USDA|VA)
|
149
|
$31,735,000 |
$212,987 |
$3,905 |
2.95% |
|
Outside of Metro Areas
|
158 |
$28,290,000 |
$179,051 |
$3,922 |
3.05% |
|
Fergus Falls, MN (FHA|USDA|VA)
|
20
|
$5,290,000 |
$264,500 |
$4,325 |
2.90% |
|
Williston, ND (FHA|USDA|VA)
|
2
|
$3,060,000 |
$1,530,000 |
$2,997 |
2.97% |
|
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA)
|
9
|
$2,935,000 |
$326,111 |
$4,260 |
2.79% |
|
ST. CLOUD, MN (FHA|USDA|VA)
|
13
|
$2,625,000 |
$201,923 |
$4,161 |
3.00% |
|
Jamestown, ND (FHA|USDA|VA)
|
5
|
$1,495,000 |
$299,000 |
$4,890 |
3.37% |
|
GRAND FORKS, ND-MN (FHA|USDA|VA)
|
6
|
$1,260,000 |
$210,000 |
$2,993 |
3.67% |
|
Key West, FL (FHA|USDA|VA)
|
1
|
$1,175,000 |
$1,175,000 |
$0 |
3.75% |
|
Spearfish, SD (FHA|USDA|VA)
|
3
|
$895,000 |
$298,333 |
$3,529 |
3.33% |
|
Red Wing, MN (FHA|USDA|VA)
|
2
|
$820,000 |
$410,000 |
$0 |
4.12% |
|
Wahpeton, ND-MN (FHA|USDA|VA)
|
4
|
$770,000 |
$192,500 |
$4,095 |
2.87% |
|
Willmar, MN (FHA|USDA|VA)
|
3
|
$765,000 |
$255,000 |
$3,885 |
2.88% |
|
KANSAS CITY, MO-KS (FHA|USDA|VA)
|
2
|
$660,000 |
$330,000 |
$1,704 |
2.88% |
|
LONGVIEW, WA (FHA|USDA|VA)
|
1
|
$535,000 |
$535,000 |
$8,775 |
3.13% |
|
DULUTH, MN-WI (FHA|USDA|VA)
|
3
|
$535,000 |
$178,333 |
$3,709 |
3.77% |
|
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA)
|
3
|
$525,000 |
$175,000 |
$2,656 |
3.58% |
|
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN (FHA|USDA|VA)
|
1
|
$415,000 |
$415,000 |
$4,031 |
2.75% |
|
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA)
|
2
|
$410,000 |
$205,000 |
$2,457 |
2.56% |
|
FLAGSTAFF, AZ (FHA|USDA|VA)
|
1
|
$405,000 |
$405,000 |
$14,729 |
2.50% |
|
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)
|
1
|
$375,000 |
$375,000 |
$1,891 |
3.13% |
|
JACKSONVILLE, FL (FHA|USDA|VA)
|
1
|
$355,000 |
$355,000 |
$7,566 |
2.75% |
|
APPLETON, WI (FHA|USDA|VA)
|
1
|
$325,000 |
$325,000 |
$2,206 |
2.50% |
|
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA)
|
1
|
$325,000 |
$325,000 |
$2,885 |
3.25% |
|
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA)
|
1
|
$315,000 |
$315,000 |
$0 |
3.75% |
|
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA)
|
1
|
$305,000 |
$305,000 |
$3,262 |
2.75% |
|
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA)
|
1
|
$275,000 |
$275,000 |
$3,523 |
2.88% |
|
Oxford, MS (FHA|USDA|VA)
|
1
|
$275,000 |
$275,000 |
$4,941 |
2.63% |
|
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA)
|
1
|
$245,000 |
$245,000 |
$3,290 |
2.38% |
|
Scottsbluff, NE (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$5,276 |
2.63% |
|
Grand Rapids, MN (FHA|USDA|VA)
|
1
|
$225,000 |
$225,000 |
$3,289 |
2.75% |
|
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA)
|
1
|
$215,000 |
$215,000 |
$2,767 |
3.25% |
|
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$2,510 |
3.38% |
|
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$4,268 |
2.50% |
|
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA)
|
1
|
$205,000 |
$205,000 |
$1,974 |
3.13% |
|
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA)
|
1
|
$175,000 |
$175,000 |
$2,738 |
2.13% |
|
Spencer, IA (FHA|USDA|VA)
|
1
|
$165,000 |
$165,000 |
$2,822 |
3.25% |
|
GREELEY, CO (FHA|USDA|VA)
|
1
|
$145,000 |
$145,000 |
$3,895 |
2.00% |
|
Lewisburg, TN (FHA|USDA|VA)
|
1
|
$135,000 |
$135,000 |
$1,198 |
2.00% |
|
Dickinson, ND (FHA|USDA|VA)
|
1
|
$115,000 |
$115,000 |
$0 |
3.95% |
|
New Ulm, MN (FHA|USDA|VA)
|
1
|
$105,000 |
$105,000 |
$2,673 |
2.25% |
|
KNOXVILLE, TN (FHA|USDA|VA)
|
1
|
$75,000 |
$75,000 |
$2,413 |
3.00% |
|
Hutchinson, MN (FHA|USDA|VA)
|
1
|
$15,000 |
$15,000 |
$642 |
4.75% |
First Western Bank & Trust's top markets include Fargo, Brainerd, Bismarck, Minneapolis, and Alexandria among others.
Product Mix
| Loan Type |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Conventional |
1,181 |
$325,985,000 |
$276,025 |
$3,548 |
3.08% |
| FHA |
67 |
$13,545,000 |
$202,164 |
$7,098 |
2.88% |
| VA |
65 |
$18,325,000 |
$281,923 |
$4,102 |
2.40% |
| USDA |
53 |
$9,535,000 |
$179,906 |
$5,258 |
2.47% |
For the 2021 period, First Western Bank & Trust's most frequently
originated loan type
of loans were Conventional, with 1,181 originations.
Their 2nd most popular type is FHA,
with 67 originations.
Loan Reason
| Loan Reason |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| Home Purchase |
737 |
$189,155,000 |
$256,655 |
$4,401 |
3.13% |
| Refi |
408 |
$131,200,000 |
$321,569 |
$3,265 |
2.83% |
| Cash Out Refi |
181 |
$42,675,000 |
$235,773 |
$3,755 |
2.72% |
| Other |
24 |
$2,900,000 |
$120,833 |
$2,198 |
3.95% |
| Home Improvement |
16 |
$1,460,000 |
$91,250 |
$1,306 |
4.15% |
For the 2021, First Western Bank & Trust's most frequently cited loan
purpose
of loans were Home Purchase, with 737
originations.
The 2nd most popular reason of loans were Refi,
with 408 originations.
Loan Duration/Length
| Loan Length |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 30 Year |
859 |
$217,015,000 |
$252,637 |
$4,240 |
2.82% |
| 15 Year |
185 |
$38,335,000 |
$207,216 |
$3,328 |
2.29% |
| 5 Year |
138 |
$46,600,000 |
$337,681 |
$1,806 |
4.02% |
| Other |
118 |
$14,600,000 |
$123,729 |
$1,730 |
4.32% |
| 20 Year |
34 |
$7,970,000 |
$234,412 |
$3,561 |
2.60% |
| 10 Year |
19 |
$19,455,000 |
$1,023,947 |
$1,401 |
2.89% |
| 1 Year |
10 |
$1,210,000 |
$121,000 |
$2,199 |
4.40% |
| 3 Year |
3 |
$22,205,000 |
$7,401,667 |
$0 |
4.50% |
For the 2021, First Western Bank & Trust's most frequently cited loan
length
of loans were 30 Year, with 859 originations.
The 2nd most popular length of loans were 15 Year,
with 185 originations.
Origination Fees
| Origination Fee |
Originations |
Total Value |
Average Loan |
| $1k-2k |
414 |
$91,270,000 |
$220,459 |
| $<1k |
353 |
$76,275,000 |
$216,076 |
| $2k-3k |
227 |
$54,665,000 |
$240,815 |
| $3k-4k |
115 |
$38,125,000 |
$331,522 |
| $5k+ |
15 |
$7,475,000 |
$498,333 |
$4,240 of loans were First Western Bank & Trust's
average total fees, while their most
frequently occuring range of origination fees were in the
$1k-2k bucket,
with 414 originations.
Interest Rates
| Loan Rate |
Originations |
Total Value |
Average Loan |
| 2.5-3% |
497 |
$126,915,000 |
$255,362 |
| <2.5% |
402 |
$104,290,000 |
$259,428 |
| 3-4% |
353 |
$84,645,000 |
$239,788 |
| 4-5% |
108 |
$51,130,000 |
$473,426 |
| 5-6% |
5 |
$395,000 |
$79,000 |
| 7-8% |
1 |
$15,000 |
$15,000 |
During 2021, First Western Bank & Trust's average interest
rate of loans were 2.82%, while their
most frequently originated rate bucket of loans were 2.5-3%,
with 497 originations.
Loan Sizing
| Loan Size |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $200k-400k |
593 |
$162,095,000 |
$273,347 |
$4,300 |
2.84% |
| $100k-200k |
473 |
$72,955,000 |
$154,239 |
$3,498 |
2.98% |
| $100,000 or less |
169 |
$10,525,000 |
$62,278 |
$1,870 |
3.75% |
| $400k-600k |
106 |
$50,330,000 |
$474,811 |
$4,867 |
2.79% |
| $1MM+ |
13 |
$62,885,000 |
$4,837,308 |
$3,071 |
3.51% |
| $600k-1MM |
12 |
$8,600,000 |
$716,667 |
$6,456 |
3.53% |
2021 saw First Western Bank & Trust place emphasis on
$200k-400k loans
with 593 originations, totaling
$162,095,000 in origination value.
Applicant Income
| Applicant Income |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| $50k-75k |
272 |
$51,860,000 |
$190,662 |
$3,978 |
2.88% |
| $100k-150k |
271 |
$66,315,000 |
$244,705 |
$3,819 |
2.82% |
| $75k-100k |
203 |
$44,965,000 |
$221,502 |
$3,935 |
2.94% |
| $50k or less |
164 |
$23,750,000 |
$144,817 |
$3,816 |
2.94% |
| $150k-250k |
158 |
$48,720,000 |
$308,354 |
$4,158 |
2.89% |
| $250k+ |
74 |
$27,590,000 |
$372,838 |
$4,132 |
2.96% |
First Western Bank & Trust lent most frequently to those with incomes in the
$50k-75k range, with
272 originations.
The second most popular income band? $100k-150k,
with 271 originations.
Applicant Debt to Income Ratio
| DTI Ratio |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-30% |
328 |
$76,140,000 |
$232,134 |
$3,723 |
2.88% |
| 30-36% |
226 |
$49,180,000 |
$217,611 |
$3,878 |
2.91% |
| <20% |
179 |
$40,225,000 |
$224,721 |
$3,336 |
2.80% |
| 36% |
50 |
$13,490,000 |
$269,800 |
$3,991 |
2.88% |
| 41% |
42 |
$9,610,000 |
$228,810 |
$4,130 |
2.82% |
| 39% |
40 |
$9,440,000 |
$236,000 |
$4,410 |
2.86% |
| 38% |
38 |
$7,720,000 |
$203,158 |
$4,162 |
2.97% |
| 40% |
37 |
$7,935,000 |
$214,459 |
$3,909 |
2.82% |
| 42% |
34 |
$8,270,000 |
$243,235 |
$4,082 |
3.04% |
| 43% |
34 |
$7,110,000 |
$209,118 |
$3,590 |
2.92% |
| 44% |
33 |
$8,855,000 |
$268,333 |
$3,882 |
2.87% |
| 37% |
27 |
$6,185,000 |
$229,074 |
$5,405 |
2.81% |
| 45% |
23 |
$5,675,000 |
$246,739 |
$3,980 |
3.19% |
| 46% |
22 |
$5,560,000 |
$252,727 |
$4,884 |
3.21% |
| 49% |
18 |
$4,690,000 |
$260,556 |
$4,721 |
2.74% |
| 50-60% |
18 |
$4,360,000 |
$242,222 |
$4,939 |
3.17% |
| 47% |
16 |
$4,450,000 |
$278,125 |
$4,843 |
2.84% |
| 48% |
12 |
$3,430,000 |
$285,833 |
$4,449 |
2.87% |
| >60% |
5 |
$915,000 |
$183,000 |
$571 |
4.13% |
First Western Bank & Trust lent most frequently to those with DTI ratios
of 20-30%, with
328 originations.
The next most common DTI ratio? 30-36%,
with 226 originations.
Ethnicity Mix
| Applicant Ethnicity |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| White |
1,126 |
$259,900,000 |
$230,817 |
$3,829 |
2.88% |
| Not applicable |
158 |
$87,730,000 |
$555,253 |
$0 |
3.97% |
| Not provided |
46 |
$11,210,000 |
$243,696 |
$4,406 |
2.86% |
| Black |
14 |
$3,550,000 |
$253,571 |
$5,389 |
3.14% |
| Asian |
12 |
$3,240,000 |
$270,000 |
$4,172 |
2.82% |
| American Indian |
9 |
$1,695,000 |
$188,333 |
$3,560 |
3.56% |
| Native Hawaiian |
1 |
$65,000 |
$65,000 |
$0 |
4.25% |
Approval Rates
Total approvals of all applications
96.67%
First Western Bank & Trust 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
89.05%
First Western Bank & Trust has an average pick rate.
Points and Fees
| Points |
Originations |
Total Value |
Average Loan |
| 0.0 |
1 |
$35,000 |
$35,000 |
| 250.0 |
1 |
$125,000 |
$125,000 |
| 266.35 |
1 |
$15,000 |
$15,000 |
| 2841.7 |
1 |
$465,000 |
$465,000 |
| 29.6 |
1 |
$65,000 |
$65,000 |
| 460.0 |
1 |
$55,000 |
$55,000 |
| 7.5 |
1 |
$35,000 |
$35,000 |
| NA |
1,359 |
$366,595,000 |
$269,753 |
Occupancy Type Mix
| Dwelling Type |
Originations |
Total Value |
Average Loan |
|
1,366 |
$367,390,000 |
$268,953 |
LTV Distribution
| Loan to Value |
Originations |
Total Value |
Average Loan |
Average Fees |
Average Rate |
| 20-40% |
58 |
$6,970,000 |
$120,172 |
$2,808 |
2.87% |
| 40-60% |
150 |
$52,460,000 |
$349,733 |
$3,392 |
2.87% |
| 60-80% |
552 |
$155,980,000 |
$282,572 |
$3,656 |
3.06% |
| 80-100% |
561 |
$149,015,000 |
$265,624 |
$4,465 |
2.95% |
| Over 100% |
6 |
$1,560,000 |
$260,000 |
$7,384 |
2.38% |
| Under 20% |
39 |
$1,405,000 |
$36,026 |
$647 |
4.12% |
Complaints
| Bank Name |
Product |
Issue |
2021 CPFB Complaints |
% of Total Issues |
| FIRST UNITED BANK AND TRUST COMPANY |
Conventional home mortgage |
Closing on a mortgage |
1 |
100.0% |
Bank Details
Branches
| Bank Name |
Branch |
Branch Type |
Deposits (000's) |
| First Western Bank & Trust |
3703 Lockport Street Bismarck, ND 58503 |
Full Service B&M
|
$117,373 |
| First Western Bank & Trust |
4040 42nd Street South, Suite O Fargo, ND 58104 |
Full Service B&M
|
$29,136 |
| First Western Bank & Trust |
5411 Lakers Lane Nisswa, MN 56468 |
Full Service B&M
|
$65,213 |
| First Western Bank & Trust |
855 26th Avenue East West Fargo, ND 58078 |
Full Service B&M
|
$70,009 |
| First Western Bank & Trust |
900 South Broadway Minot, ND 58701 |
Full Service B&M
|
$889,170 |
| First Western Bank & Trust |
100 Prairie Center Drive Eden Prairie, MN 55344 |
Full Service B&M
|
$103,007 |
| First Western Bank & Trust |
14084 Baxter Drive, Ste 16 Baxter, MN 56425 |
Full Service B&M
|
$87,348 |
| First Western Bank & Trust |
2105 16th St Nw Minot, ND 58703 |
Full Service B&M
|
$14,016 |
| First Western Bank & Trust |
2200 15th St. Sw Minot, ND 58701 |
Full Service B&M
|
$61,814 |
| First Western Bank & Trust |
228 Oak St N Miltona, MN 56354 |
Full Service B&M
|
$15,014 |
| First Western Bank & Trust |
23964 Smiley Road Nisswa, MN 56468 |
Full Service Retail
|
$18,077 |
| First Western Bank & Trust |
301 Main Avenue Carlos, MN 56319 |
Full Service B&M
|
$22,945 |
| First Western Bank & Trust |
304 E Front Avenue Bismarck, ND 58504 |
Full Service B&M
|
$71,002 |
| First Western Bank & Trust |
3313 Highway 29 South Alexandria, MN 56308 |
Full Service B&M
|
$78,579 |
| First Western Bank & Trust |
35563 County Road 3 Crosslake, MN 56442 |
Full Service Retail
|
$26,321 |
For 2021, First Western Bank & Trust had 15 branches.
Yearly Performance Overview
Bank Income
First Western Bank & Trust's gross interest income from loans was $80,679,000.
First Western Bank & Trust's net interest income from loans was $69,092,000.
First Western Bank & Trust's fee based income from loans was $694,000.
First Western Bank & Trust's net income from loans was $19,546,000.
Bank Expenses
| Item |
Value (in 000's) |
| Total interest expense |
$11,587 |
| Provision for credit losses |
$2,204 |
| Total noninterest expense |
$53,720 |
| Salaries and employee benefits |
$35,327 |
| Premises and equipment expense |
$4,714 |
| Additional noninterest expense |
$13,679 |
| Applicable income taxes |
$6,336 |
| Net charge-offs |
$870 |
| Cash dividends |
$5,572 |
First Western Bank & Trust's interest expense for loans was $11,587,000.
First Western Bank & Trust's payroll and benefits expense were $35,327,000.
First Western Bank & Trust's property, plant and equipment expenses $4,714,000.
Deposits
| Type |
Value (in 000's) |
| Total deposits |
$1,737,378 |
| Deposits held in domestic offices |
$1,737,378 |
| Deposits by Individuals, partnerships, and corporations |
$1,627,478 |
| Deposits by U.S. Government |
$0 |
| Deposits by States and political subdivisions in the U.S. |
$98,006 |
| Deposits by Commercial banks and other depository institutions in U.S. |
$11,894 |
| Deposits by Banks in foreign countries |
$0 |
| Deposits by Foreign governments and official institutions |
$0 |
| Transaction accounts |
$230,695 |
| Demand deposits |
$179,318 |
| Nontransaction accounts |
$1,506,683 |
| Money market deposit accounts (MMDAs) |
$399,223 |
| Other savings deposits (excluding MMDAs) |
$649,022 |
| Total time deposits |
$458,438 |
| Total time and savings deposits |
$1,558,060 |
| Noninterest-bearing deposits |
$366,707 |
| Interest-bearing deposits |
$1,370,671 |
| Retail deposits |
$1,612,256 |
| IRAs and Keogh plan accounts |
$66,521 |
| Brokered deposits |
$39,502 |
| Deposits held in foreign offices |
$0 |
Assets
| Asset |
Value (in 000's) |
| Total Assets |
$1,964,726 |
| Cash & Balances due from depository institutions |
$232,417 |
| Interest-bearing balances |
$197,951 |
| Total securities |
$267,725 |
| Federal funds sold & reverse repurchase |
$0 |
| Net loans and leases |
$1,342,323 |
| Loan and leases loss allowance |
$17,163 |
| Trading account assets |
$0 |
| Bank premises and fixed assets |
$46,696 |
| Other real estate owned |
$104 |
| Goodwill and other intangibles |
$45,363 |
| All other assets |
$30,098 |
Liabilities
| Liabilities |
Value (in 000's) |
| Total liabilities and capital |
$1,964,726 |
| Total Liabilities |
$1,756,568 |
| Total deposits |
$1,737,378 |
| Interest-bearing deposits |
$1,370,671 |
| Deposits held in domestic offices |
$1,737,378 |
| % insured (estimated) |
$92 |
| Federal funds purchased and repurchase agreements |
$5,689 |
| Trading liabilities |
$0 |
| Other borrowed funds |
$0 |
| Subordinated debt |
$0 |
| All other liabilities |
$13,501 |
Issued Loan Types
| Type |
Value (in 000's) |
| Net loans and leases |
$1,342,323 |
| Loan and leases loss allowance |
$17,163 |
| Total loans and leases (domestic) |
$1,359,486 |
| All real estate loans |
$842,310 |
| Real estate loans in domestic offices |
$842,310 |
| Construction and development loans |
$118,964 |
| Residential 1-4 family construction |
$26,026 |
| Other construction, all land development and other land |
$92,938 |
| Loans secured by nonfarm nonresidential properties |
$422,947 |
| Nonfarm nonresidential secured by owner-occupied properties |
$168,164 |
| Commercial real estate & other non-farm, non-residential |
$254,783 |
| Multifamily residential real estate |
$68,624 |
| 1-4 family residential loans |
$188,228 |
| Farmland loans |
$43,547 |
| Loans held in foreign offices |
$0 |
| Farm loans |
$49,230 |
| Commercial and industrial loans |
$257,897 |
| To non-U.S. addressees |
$1,475 |
| Loans to individuals |
$46,584 |
| Credit card loans |
$1,635 |
| Related Plans |
$1,616 |
| Consumer Auto Loans |
$10,561 |
| Other loans to individuals |
$32,772 |
| All other loans & leases |
$163,466 |
| Loans to foreign governments and official institutions |
$0 |
| Other loans |
$4,230 |
| 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 |
$150 |
| Restructured Loans & leases |
$32,539 |
| Non 1-4 family restructured loans & leases |
$32,539 |
| Total loans and leases (foreign) |
$0 |
First Western Bank & Trust had $1,342,323,000 of loans outstanding in 2021. $842,310,000 of loans were in real estate loans.
$118,964,000 of loans were in development loans. $68,624,000 of loans were in multifamily mortgage loans.
$188,228,000 of loans were in 1-4 family mortgage loans. $49,230,000 of loans were in farm loans. $1,635,000
of loans were in credit card loans. $10,561,000 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 |
292 |
$71,540 |
$245,000 |
| Nonfarm, nonresidential loans - <$100k |
50 |
$1,847 |
$36,940 |
| Nonfarm, nonresidential loans - $100-250k |
109 |
$14,661 |
$134,505 |
| Nonfarm, nonresidential loans - $250k-1MM |
133 |
$55,032 |
$413,774 |
| Commercial & Industrial, US addressed loans - <$1MM |
901 |
$66,223 |
$73,499 |
| Commercial & Industrial, US addressed loans - <$100k |
564 |
$11,653 |
$20,661 |
| Commercial & Industrial, US addressed loans - $100-250k |
177 |
$16,116 |
$91,051 |
| Commercial & Industrial, US addressed loans - $250k-1MM |
160 |
$38,454 |
$240,338 |
| Farmland loans - <$1MM |
105 |
$13,731 |
$130,771 |
| Farmland loans - <$100k |
40 |
$1,688 |
$42,200 |
| Farmland loans - $100-250k |
43 |
$5,669 |
$131,837 |
| Farmland loans - $250k-1MM |
22 |
$6,374 |
$289,727 |
| Agriculture operations loans - <$1MM |
123 |
$7,660 |
$62,276 |
| Agriculture operations loans - <$100k |
74 |
$1,503 |
$20,311 |
| Agriculture operations loans - $100-250k |
24 |
$1,880 |
$78,333 |
| Agriculture operations loans - $250k-1MM |
25 |
$4,277 |
$171,080 |
