First Western Financial Inc MYFW Balance Sheet

First western financial inc (MYFW)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Dec'17
ASSETS
Cash and cash equivalents:
Cash and due from banks
4,076	4,180	3,828	1,974	2,164	1,574	1,232	994	1,370
Interest-bearing deposits in other financial institutions
114,438	74,458	142,348	90,795	67,602	71,783	69,186	57,470	8,132
Total cash and cash equivalents
118,514	78,638	146,176	92,769	69,766	73,357	70,418	58,464	9,502
Total securities available-for-sale
52,500	58,903	-	-	-	43,695	-	-	-
Available-for-sale securities
-	-	61,491	51,698	53,610	-	45,492	47,890	53,650
Correspondent bank stock, at cost
1,158	585	582	1,649	993	2,488	2,392	3,477	1,555
Mortgage loans held for sale
64,120	48,312	69,231	36,269	19,778	14,832	19,238	35,064	22,940
Loans, net of allowance of $8,242 and $7,875
1,035,709	990,132	-	-	-	-	-	-	-
Loans, net of allowance of $7,875 and $7,451
-	-	-	-	-	886,515	-	-	-
Loans, net of allowance of $7,675 and $7,451
-	-	918,911	931,820	923,545	-	850,199	835,544	806,402
Promissory notes from related parties
-	-	-	-	-	-	-	2,125	5,792
Premises and equipment, net
5,148	5,218	5,483	5,683	5,815	6,100	6,263	6,255	6,777
Accrued interest receivable
3,107	3,048	2,968	3,184	3,053	2,844	2,854	2,565	2,421
Accounts receivable
-	-	-	-	-	4,492	-	-	-
Accounts receivable
4,669	5,238	4,978	4,718	4,561	-	4,736	5,504	5,592
Other receivables
1,058	1,006	865	872	881	1,391	1,841	1,908	6,324
Other real estate owned, net
658	658	658	658	658	658	658	658	658
Goodwill
19,686	19,686	19,686	23,239	24,811	24,811	24,811	24,811	24,811
Other intangible assets, net
26	28	36	88	229	402	565	773	1,233
Deferred tax assets, net
5,036	5,047	-	-	-	4,306	-	-	-
Deferred tax assets, net
-	-	4,765	4,607	4,549	-	4,626	4,971	5,987
Company-owned life insurance
15,177	15,086	14,993	14,898	14,803	14,709	14,614	14,515	14,316
Other assets
24,297	16,544	17,549	18,313	17,636	3,724	2,820	2,049	1,699
Intangibles held for sale
3,000	3,553	3,553	-	-	-	-	-	-
Total assets
1,353,863	1,251,682	1,271,925	1,190,465	1,144,688	1,084,324	1,051,527	1,046,573	969,659
LIABILITIES
Deposits:
Noninterest-bearing
270,604	240,068	231,535	229,266	226,484	202,856	219,400	212,225	198,685
Interest-bearing
907,846	846,716	877,369	775,911	751,617	734,902	659,239	631,517	617,432
Total deposits
1,178,450	1,086,784	1,108,904	1,005,177	978,101	937,758	878,639	843,742	816,117
Borrowings:
Federal Home Loan Bank Topeka borrowings
10,000	10,000	10,000	36,060	20,361	15,000	44,598	75,598	28,563
Subordinated notes
14,459	6,560	6,560	6,560	6,560	6,560	6,560	13,435	13,435
Accrued interest payable
417	299	356	274	329	231	211	231	197
Other liabilities
21,708	20,244	20,262	20,237	19,669	7,900	7,355	8,609	9,501
Liabilities held for sale
126	117	111	-	-	-	-	-	-
Total liabilities
1,225,160	1,124,004	1,146,193	1,068,308	1,025,020	967,449	937,363	941,615	867,813
COMMITMENTS AND CONTINGENCIES
-	-	-	-	-	-	0	0	-
SHAREHOLDERS’ EQUITY
Preferred stock - no par value; 10,000,000 shares authorized; 0 issued and outstanding
-	-	-	-	-	-	0	0	-
Convertible preferred stock - no par value; 150,000 shares authorized; 0 shares issued and outstanding
-	-	-	-	-	-	0	0	-
Common stock - no par value; 90,000,000 shares authorized; 7,917,489 and 7,940,168 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively
-	-	-	-	-	-	0	0	-
Additional paid-in capital
143,081	142,797	143,026	142,095	141,738	141,359	140,925	132,785	130,070
Accumulated deficit
-13,621	-14,955	-17,527	-19,933	-21,337	-23,199	-24,923	-26,226	-27,296
Accumulated other comprehensive loss
-757	-164	233	-5	-733	-1,285	-1,838	-1,601	-928
Total shareholders’ equity
128,703	127,678	125,732	122,157	119,668	116,875	114,164	104,958	101,846
Total liabilities and shareholders’ equity
1,353,863	1,251,682	1,271,925	1,190,465	1,144,688	1,084,324	1,051,527	1,046,573	969,659