Call reports 2024
FIRST WESTERN BANK — 2024
What FIRST WESTERN BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 649,758,000 | 662,402,000 | 702,655,000 | 725,601,000 |
| Total loans | 537,044,000 | 544,356,000 | 546,683,000 | 555,788,000 |
| Allowance for loan losses | 4,946,000 | 4,951,000 | 4,951,000 | 4,924,000 |
| Securities available for sale | 51,200,000 | 49,853,000 | 78,973,000 | 78,915,000 |
| Securities held to maturity | 3,000,000 | 3,000,000 | 3,000,000 | 3,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 558,341,000 | 551,150,000 | 591,648,000 | 649,308,000 |
| Interest-bearing deposits | 470,404,000 | 462,122,000 | 504,811,000 | 566,320,000 |
| Noninterest-bearing deposits | 87,937,000 | 89,028,000 | 86,837,000 | 82,988,000 |
| Equity capital | 57,208,000 | 58,249,000 | 60,131,000 | 60,018,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 9,289,000 | 18,921,000 | 29,009,000 | 39,645,000 |
| Interest expense | 3,905,000 | 7,904,000 | 12,262,000 | 16,934,000 |
| Net interest income | 5,384,000 | 11,017,000 | 16,747,000 | 22,711,000 |
| Noninterest income | 1,000,000 | 2,010,000 | 2,962,000 | 3,996,000 |
| Noninterest expense | 4,908,000 | 9,932,000 | 14,859,000 | 19,829,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,476,000 | 3,092,000 | 4,850,000 | 6,878,000 |
| Income tax | 400,000 | 686,000 | 1,158,000 | 1,476,000 |
| Net income | 1,076,000 | 2,406,000 | 3,692,000 | 5,402,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 59,750,000 | 60,655,000 | 61,516,000 | 62,801,000 |
| Total capital | 64,789,000 | 65,690,000 | 66,551,000 | 67,758,000 |
| Risk-weighted assets | 504,593,000 | 510,768,000 | 515,707,000 | 533,379,000 |