First Western Financial Inc MYFW Income Statement

First western financial inc (MYFW)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Sep'17	Jun'17
Interest and dividend income:
Loans, including fees
42,829	42,045	41,356	40,152	38,626	37,010	0	0	0	0	0
Investment securities
1,259	1,274	1,226	1,180	1,130	1,097	0	0	0	0	0
Federal funds sold and other
1,425	1,732	1,460	1,177	1,084	689	0	0	0	0	0
Total interest and dividend income
45,513	45,051	44,042	42,509	40,840	38,796	0	0	0	0	0
Interest expense:
Deposits
11,747	12,263	11,446	9,844	8,260	6,511	0	0	0	0	0
Other borrowed funds
745	727	826	1,047	1,345	1,661	0	0	0	0	0
Total interest expense
12,492	12,990	12,272	10,891	9,605	8,172	0	0	0	0	0
Net interest income
33,021	32,061	31,770	31,618	31,235	30,624	0	0	0	0	0
Less: provision for loan losses
835	662	565	483	561	180	0	0	0	0	0
Net interest income, after provision for loan losses
32,186	31,399	31,205	31,135	30,674	30,444	0	0	0	0	0
Non-interest income:
Trust and investment management fees
18,996	18,935	18,939	18,885	18,881	19,165	0	0	0	0	0
Net gain on mortgage loans
11,610	10,585	8,800	6,668	4,765	4,560	0	0	0	0	0
Bank fees
1,252	1,173	1,246	1,324	1,438	1,759	0	0	0	0	0
Risk management and insurance fees
833	1,205	1,218	1,291	1,381	1,296	0	0	0	0	0
Income on company-owned life insurance
375	377	379	383	392	393	0	0	0	0	0
Net gain on sale of securities
-	-	0	-	-	-	-	-	-	0	0
Total non-interest income
33,368	32,577	30,701	28,551	26,857	27,173	0	0	0	0	0
Total income before non-interest expense
65,554	63,976	61,906	59,686	57,531	57,617	0	0	0	0	0
Non-interest expense:
Salaries and employee benefits
32,674	31,810	30,531	29,248	29,209	29,771	0	0	0	0	0
Occupancy and equipment
6,667	5,562	5,645	5,684	5,813	5,853	0	0	0	0	0
Lease costs, net
-	-	-	-	0	-	-	-	0	-	-
Professional services
3,765	3,519	3,372	3,432	3,404	3,451	0	0	0	0	0
Technology and information systems
3,873	3,973	4,000	4,004	3,988	3,982	0	0	0	0	0
Data processing
3,225	3,065	2,942	2,785	2,730	2,683	0	0	0	0	0
Marketing
1,429	1,292	1,369	1,371	1,246	1,253	0	0	0	0	0
Amortization of other intangible assets
229	400	499	655	743	800	0	0	0	0	0
Net loss on intangibles held for sale
0	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
-	-	-	0	-	-	-	-	-	-	-
Total loss on sales/provision for other real estate owned
-	-	-	-	-	-	-	-	-	0	-
Other
2,940	2,617	2,429	2,342	2,385	2,371	0	0	0	0	0
Total non-interest expense
55,829	53,784	52,352	51,086	49,511	50,195	0	0	0	0	0
Income (loss) before income tax
9,725	10,192	9,554	8,600	8,020	7,422	0	0	0	0	0
Income tax expense
2,009	2,183	2,393	2,156	1,932	1,775	0	0	0	0	0
Net income
7,716	8,009	7,161	6,444	6,088	5,647	0	0	0	0	0
Preferred stock dividends
-	-	-	-	-	1,378	0	0	0	0	0
Net income available to common shareholders
7,716	8,009	7,161	6,189	5,271	4,269	0	0	0	0	0
Earnings per common share:
Basic
0.17	0.33	0.30	0.18	0.21	0.26	0.19	0.08	0.11	0.08	-
Diluted
0.17	0.32	0.30	0.18	0.21	0.25	0.19	0.08	0.11	0.08	-
Basic and diluted
-	-	-	-	-	-	-	-	-	-	-0.03