2024 Q2 Form 10-Q Financial Statement

#000132760724000092 Filed on May 03, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $20.42M $23.28M
YoY Change -0.67% -9.4%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $631.0K $625.0K
YoY Change 8.42% 7.39%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $22.28M $22.33M
YoY Change 24.19% 47.36%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.415M $3.579M
YoY Change -30.47% -30.65%
Income Tax $300.0K $1.064M
% Of Pretax Income 21.2% 29.73%
Net Earnings $1.076M $2.515M
YoY Change -28.55% -34.16%
Net Earnings / Revenue 5.27% 10.81%
Basic Earnings Per Share $0.11 $0.26
Diluted Earnings Per Share $0.11 $0.26
COMMON SHARES
Basic Shares Outstanding 9.621M shares 9.621M shares
Diluted Shares Outstanding 9.751M shares 9.711M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $245.8M $257.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $24.66M $24.87M
YoY Change -3.2% -2.02%
Goodwill $30.40M $30.40M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.123M $5.695M
YoY Change -14.98% -16.15%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.938B $2.932B
YoY Change -2.27% -1.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.243M $2.415M
YoY Change 25.45% 35.22%
Accrued Expenses $21.52M $22.13M
YoY Change 90.04% 113.92%
Deferred Revenue
YoY Change
Short-Term Debt $12.79M $13.17M
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $36.55M $2.415M
YoY Change 178.8% 35.22%
LONG-TERM LIABILITIES
Long-Term Debt $52.45M $52.40M
YoY Change 0.44% 0.44%
Other Long-Term Liabilities $12.07M $30.42M
YoY Change 19.8% 42.03%
Total Long-Term Liabilities $64.52M $82.82M
YoY Change 3.57% 12.55%
TOTAL LIABILITIES
Total Short-Term Liabilities $36.55M $2.415M
Total Long-Term Liabilities $64.52M $82.82M
Total Liabilities $2.691B $2.687B
YoY Change -2.63% -1.54%
SHAREHOLDERS EQUITY
Retained Earnings $54.63M $53.56M
YoY Change 6.82% 15.01%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $246.9M $245.5M
YoY Change
Total Liabilities & Shareholders Equity $2.938B $2.932B
YoY Change -2.27% -1.22%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $1.076M $2.515M
YoY Change -28.55% -34.16%
Depreciation, Depletion And Amortization $631.0K $625.0K
YoY Change 8.42% 7.39%
Cash From Operating Activities -$11.49M -$2.339M
YoY Change 105.03% -339.9%
INVESTING ACTIVITIES
Capital Expenditures $365.0K $181.0K
YoY Change -42.06% -77.23%
Acquisitions
YoY Change
Other Investing Activities -$923.0K $59.64M
YoY Change -96.41% -2166.6%
Cash From Investing Activities -$1.288M $59.46M
YoY Change -95.11% -1715.35%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 688.0K -$53.68M
YoY Change -98.0% -153.01%
NET CHANGE
Cash From Operating Activities -11.49M -$2.339M
Cash From Investing Activities -1.288M $59.46M
Cash From Financing Activities 688.0K -$53.68M
Net Change In Cash -12.09M $3.447M
YoY Change -583.41% -96.5%
FREE CASH FLOW
Cash From Operating Activities -$11.49M -$2.339M
Capital Expenditures $365.0K $181.0K
Free Cash Flow -$11.86M -$2.520M
YoY Change 90.17% -1500.0%

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CY2024Q1 us-gaap Investment Income Dividend
InvestmentIncomeDividend
95000 usd
CY2023Q1 us-gaap Investment Income Dividend
InvestmentIncomeDividend
173000 usd
CY2024Q1 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
72000 usd
CY2023Q1 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
-310000 usd
CY2024Q1 myfw Gain Loss On Sales Of Loans Held For Sale
GainLossOnSalesOfLoansHeldForSale
117000 usd
CY2023Q1 myfw Gain Loss On Sales Of Loans Held For Sale
GainLossOnSalesOfLoansHeldForSale
-178000 usd
CY2024Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
1264000 usd
CY2023Q1 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
1019000 usd
CY2024Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
58748000 usd
CY2023Q1 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
54073000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
56247000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
54120000 usd
CY2024Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
625000 usd
CY2023Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
582000 usd
CY2024Q1 myfw Net Accretion Amortization Of Purchase Accounting Adjustments
NetAccretionAmortizationOfPurchaseAccountingAdjustments
162000 usd
CY2023Q1 myfw Net Accretion Amortization Of Purchase Accounting Adjustments
NetAccretionAmortizationOfPurchaseAccountingAdjustments
142000 usd
CY2024Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1612000 usd
CY2023Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
310000 usd
CY2024Q1 myfw Gain Loss Due To Increase Decrease In Cash Surrender Value Of Company Owned Life
GainLossDueToIncreaseDecreaseInCashSurrenderValueOfCompanyOwnedLife
105000 usd
CY2023Q1 myfw Gain Loss Due To Increase Decrease In Cash Surrender Value Of Company Owned Life
GainLossDueToIncreaseDecreaseInCashSurrenderValueOfCompanyOwnedLife
90000 usd
CY2024Q1 us-gaap Share Based Compensation
ShareBasedCompensation
209000 usd
CY2023Q1 us-gaap Share Based Compensation
ShareBasedCompensation
592000 usd
CY2024Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-6000 usd
CY2023Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
10000 usd
CY2024Q1 myfw Proceeds Payments From Change In Fair Value Of Loans Accounted For Under The Fair Value Option
ProceedsPaymentsFromChangeInFairValueOfLoansAccountedForUnderTheFairValueOption
302000 usd
CY2023Q1 myfw Proceeds Payments From Change In Fair Value Of Loans Accounted For Under The Fair Value Option
ProceedsPaymentsFromChangeInFairValueOfLoansAccountedForUnderTheFairValueOption
543000 usd
CY2024Q1 myfw Increase Decrease In Fair Value Of Loans Held For Sale
IncreaseDecreaseInFairValueOfLoansHeldForSale
0 usd
CY2023Q1 myfw Increase Decrease In Fair Value Of Loans Held For Sale
IncreaseDecreaseInFairValueOfLoansHeldForSale
-466000 usd
CY2024Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-205000 usd
CY2023Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-164000 usd
CY2024Q1 myfw Increase Decrease In Accrued Interest Receivable And Other Assets
IncreaseDecreaseInAccruedInterestReceivableAndOtherAssets
1683000 usd
CY2023Q1 myfw Increase Decrease In Accrued Interest Receivable And Other Assets
IncreaseDecreaseInAccruedInterestReceivableAndOtherAssets
565000 usd
CY2024Q1 myfw Increase Decrease In Accrued Interest Payable And Other Liabilities
IncreaseDecreaseInAccruedInterestPayableAndOtherLiabilities
2265000 usd
CY2023Q1 myfw Increase Decrease In Accrued Interest Payable And Other Liabilities
IncreaseDecreaseInAccruedInterestPayableAndOtherLiabilities
2772000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2339000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
975000 usd
CY2024Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
1908000 usd
CY2023Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Held To Maturity Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities
1510000 usd
CY2024Q1 myfw Redemption Purchase Of Correspondent Bank Stock
RedemptionPurchaseOfCorrespondentBankStock
-296000 usd
CY2023Q1 myfw Redemption Purchase Of Correspondent Bank Stock
RedemptionPurchaseOfCorrespondentBankStock
-16324000 usd
CY2024Q1 myfw Proceeds From Redemption Of Correspondent Bank Stock
ProceedsFromRedemptionOfCorrespondentBankStock
3085000 usd
CY2023Q1 myfw Proceeds From Redemption Of Correspondent Bank Stock
ProceedsFromRedemptionOfCorrespondentBankStock
10385000 usd
CY2024Q1 myfw Payments Made To Low Income Housing Tax Credit Investments
PaymentsMadeToLowIncomeHousingTaxCreditInvestments
265000 usd
CY2023Q1 myfw Payments Made To Low Income Housing Tax Credit Investments
PaymentsMadeToLowIncomeHousingTaxCreditInvestments
0 usd
CY2024Q1 myfw Payments To Loan And Note Receivable Originations And Principal Collections Net
PaymentsToLoanAndNoteReceivableOriginationsAndPrincipalCollectionsNet
-52260000 usd
CY2023Q1 myfw Payments To Loan And Note Receivable Originations And Principal Collections Net
PaymentsToLoanAndNoteReceivableOriginationsAndPrincipalCollectionsNet
37897000 usd
CY2024Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
181000 usd
CY2023Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
795000 usd
CY2024Q1 us-gaap Proceeds From Sale Of Loans And Leases Held For Investment
ProceedsFromSaleOfLoansAndLeasesHeldForInvestment
2950000 usd
CY2023Q1 us-gaap Proceeds From Sale Of Loans And Leases Held For Investment
ProceedsFromSaleOfLoansAndLeasesHeldForInvestment
40602000 usd
CY2024Q1 us-gaap Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
0 usd
CY2023Q1 us-gaap Payments To Acquire Loans And Leases Held For Investment
PaymentsToAcquireLoansAndLeasesHeldForInvestment
1162000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
59461000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3681000 usd
CY2024Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
2931000 usd
CY2023Q1 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
-13302000 usd
CY2024Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
41175000 usd
CY2023Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
650401000 usd
CY2024Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
56314000 usd
CY2023Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
578902000 usd
CY2024Q1 myfw Payments To Federal Reserve Borrowings
PaymentsToFederalReserveBorrowings
81366000 usd
CY2023Q1 myfw Payments To Federal Reserve Borrowings
PaymentsToFederalReserveBorrowings
105494000 usd
CY2024Q1 myfw Proceeds From Federal Reserve Borrowings
ProceedsFromFederalReserveBorrowings
10000000 usd
CY2023Q1 myfw Proceeds From Federal Reserve Borrowings
ProceedsFromFederalReserveBorrowings
291492000 usd
CY2024Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 usd
CY2023Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
115000 usd
CY2024Q1 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
379000 usd
CY2023Q1 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
51000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-53675000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
101261000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3447000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
98555000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
254442000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
196512000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
257889000 usd
CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
295067000 usd
CY2024Q1 us-gaap Interest Paid Net
InterestPaidNet
23706000 usd
CY2023Q1 us-gaap Interest Paid Net
InterestPaidNet
14491000 usd
CY2024Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-122000 usd
CY2023Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-12000 usd
CY2024Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
802000 usd
CY2023Q1 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
816000 usd
CY2024Q1 myfw Transfer Of Securities From Held For Investment To Held For Sale
TransferOfSecuritiesFromHeldForInvestmentToHeldForSale
2729000 usd
CY2023Q1 myfw Transfer Of Securities From Held For Investment To Held For Sale
TransferOfSecuritiesFromHeldForInvestmentToHeldForSale
39221000 usd
CY2024Q1 myfw Cecl Adoption
CECLAdoption
0 usd
CY2023Q1 myfw Cecl Adoption
CECLAdoption
5319000 usd
CY2024Q1 myfw Rsi Dissolution
RSIDissolution
0 usd
CY2023Q1 myfw Rsi Dissolution
RSIDissolution
751000 usd
CY2024Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10910000 usd
CY2023Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 usd
CY2024Q1 us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Use of Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">: To prepare financial statements in conformity with GAAP, management makes estimates and assumptions based on available information. These estimates and assumptions affect the amounts reported in the condensed consolidated financial statements and the disclosures provided, and actual results could differ. Information available which could affect these judgments include, but are not limited to, changes in interest rates, changes in the performance of the economy, and changes in the financial condition of borrowers. Material estimates that are particularly susceptible to significant change include: the determination of the allowance for credit losses, the evaluation of goodwill impairment, and the fair value of certain financial instruments.</span></div>
CY2024Q1 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div style="margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Concentration of Credit Risk</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">: Most of the Company’s lending activity is to clients located in and around metro Denver, Aspen, Fort Collins, Boulder, and Vail, Colorado; Phoenix and Scottsdale, Arizona; Bozeman, Montana; and Jackson, Pinedale, and Rock Springs, Wyoming. The Company does not believe it has significant concentrations in any one industry or customer. As of March 31, 2024 and December 31, 2023, 75.9% and 76.1%, respectively, of the Company’s loan portfolio was secured by real estate collateral. Declines in real estate values in the primary markets the Company operates in could negatively impact the Company.</span></div>
CY2024Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
72374000 usd
CY2024Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
8000 usd
CY2024Q1 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
7474000 usd
CY2024Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
64908000 usd
CY2024Q1 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
71000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
74173000 usd
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
9000 usd
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
7565000 usd
CY2023Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
66617000 usd
CY2023Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
71000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
258000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities Within One Year Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearFairValue
245000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsNetCarryingAmount
4074000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities After One Through Five Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
3902000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsNetCarryingAmount
19399000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities After Five Through Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
16919000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsNetCarryingAmount
199000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities After Ten Years Fair Value
HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue
177000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Amortized Cost Basis
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
48444000 usd
CY2024Q1 us-gaap Held To Maturity Securities Debt Maturities Without Single Maturity Date Fair Value
HeldToMaturitySecuritiesDebtMaturitiesWithoutSingleMaturityDateFairValue
43665000 usd
CY2024Q1 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
72374000 usd
CY2024Q1 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
64908000 usd
CY2024Q1 myfw Debt Securities Held To Maturity Carrying Value Pledged As Collateral
DebtSecuritiesHeldToMaturityCarryingValuePledgedAsCollateral
39100000 usd
CY2023Q4 myfw Debt Securities Held To Maturity Carrying Value Pledged As Collateral
DebtSecuritiesHeldToMaturityCarryingValuePledgedAsCollateral
45100000 usd
CY2024Q1 myfw Threshold Percentage Of Shareholders Equity Amount Held As Securities By One Issuer
ThresholdPercentageOfShareholdersEquityAmountHeldAsSecuritiesByOneIssuer
0.10
myfw Threshold Percentage Of Shareholders Equity Amount Held As Securities By One Issuer
ThresholdPercentageOfShareholdersEquityAmountHeldAsSecuritiesByOneIssuer
0.10
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
2450894000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest After Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss
2506984000 usd
CY2024Q1 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
2475524000 usd
CY2023Q4 us-gaap Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss
FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLoss
2530915000 usd
CY2024Q1 myfw Financing Receivable Nonaccrual Before Allowance For Credit Loss
FinancingReceivableNonaccrualBeforeAllowanceForCreditLoss
6018000 usd
CY2024Q1 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
45723000 usd
CY2023Q4 myfw Financing Receivable Nonaccrual Before Allowance For Credit Loss
FinancingReceivableNonaccrualBeforeAllowanceForCreditLoss
7360000 usd
CY2023Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
50816000 usd
CY2024Q1 us-gaap Financing Receivable Nonaccrual Interest Income
FinancingReceivableNonaccrualInterestIncome
0 usd
CY2024Q1 us-gaap Other Real Estate
OtherRealEstate
0 usd
CY2023Q4 us-gaap Other Real Estate
OtherRealEstate
0 usd
CY2024Q1 us-gaap Interest Receivable Noncurrent
InterestReceivableNoncurrent
11100000 usd
CY2023Q4 us-gaap Interest Receivable Noncurrent
InterestReceivableNoncurrent
10800000 usd
CY2024Q1 myfw Financing Receivable Increase Decrease In Provision For Loan Losses
FinancingReceivableIncreaseDecreaseInProvisionForLoanLosses
-1600000 usd
CY2023 myfw Financing Receivable Increase Decrease In Provision For Loan Losses
FinancingReceivableIncreaseDecreaseInProvisionForLoanLosses
-500000 usd
CY2023Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
23931000 usd
CY2024Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
699000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
11000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
11000 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
24630000 usd
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
17183000 usd
CY2023Q1 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
-805000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
17000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
12000 usd
CY2023Q1 us-gaap Financing Receivable Allowance For Credit Loss Excluding Accrued Interest
FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
19843000 usd
CY2024Q1 us-gaap Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
2475524000 usd
CY2023Q4 us-gaap Financing Receivable Accrued Interest Before Allowance For Credit Loss
FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss
2530915000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
30400000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
30400000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
19250000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8929000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
22132000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
10900000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P10Y1M20D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y8M1D
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0409
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0278
CY2024Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
754000 usd
CY2023Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
744000 usd
CY2024Q1 us-gaap Variable Lease Cost
VariableLeaseCost
542000 usd
CY2023Q1 us-gaap Variable Lease Cost
VariableLeaseCost
493000 usd
CY2024Q1 us-gaap Lease Cost
LeaseCost
1296000 usd
CY2023Q1 us-gaap Lease Cost
LeaseCost
1237000 usd
CY2024Q1 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
2097734000 usd
CY2023Q4 us-gaap Interest Bearing Deposit Liabilities
InterestBearingDepositLiabilities
2046460000 usd
CY2024Q1 myfw Time Deposits Of250000 Or More
TimeDepositsOf250000OrMore
87888000 usd
CY2023Q4 myfw Time Deposits Of250000 Or More
TimeDepositsOf250000OrMore
91038000 usd
CY2024Q1 myfw Overdrafts Classified As Loans
OverdraftsClassifiedAsLoans
1200000 usd
CY2023Q4 myfw Overdrafts Classified As Loans
OverdraftsClassifiedAsLoans
100000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2636000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2740000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2244000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3357000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3115000 usd
CY2024Q1 myfw Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
15122000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29214000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7082000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
22132000 usd
CY2024Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
100000 usd
CY2023Q1 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
100000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
207000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
67000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
19000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
4000 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
0 usd
CY2024Q1 myfw Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
0 usd
CY2024Q1 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
297000 usd
CY2024Q1 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
1503598000 usd
CY2023Q4 us-gaap Deposits Money Market Deposits
DepositsMoneyMarketDeposits
1386149000 usd
CY2024Q1 us-gaap Time Deposits
TimeDeposits
442834000 usd
CY2023Q4 us-gaap Time Deposits
TimeDeposits
496452000 usd
CY2024Q1 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
132415000 usd
CY2023Q4 us-gaap Deposits Negotiable Order Of Withdrawal Now
DepositsNegotiableOrderOfWithdrawalNOW
147488000 usd
CY2024Q1 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
18887000 usd
CY2023Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
16371000 usd
CY2024Q1 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
325392000 usd
CY2024Q1 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
78598000 usd
CY2024Q1 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
1231000 usd
CY2024Q1 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
2749000 usd
CY2024Q1 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
34641000 usd
CY2024Q1 us-gaap Time Deposit Maturities After Year Five
TimeDepositMaturitiesAfterYearFive
223000 usd
CY2024Q1 us-gaap Time Deposits
TimeDeposits
442834000 usd
CY2024Q1 myfw Long Term Federal Home Loan Bank And Federal Reserve Bank Advances
LongTermFederalHomeLoanBankAndFederalReserveBankAdvances
66314000 usd
CY2023Q4 myfw Long Term Federal Home Loan Bank And Federal Reserve Bank Advances
LongTermFederalHomeLoanBankAndFederalReserveBankAdvances
122172000 usd
CY2024Q1 myfw Number Of Unsecured Federal Funds Lines Of Credit
NumberOfUnsecuredFederalFundsLinesOfCredit
2 fund
CY2024Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
700000 usd
CY2023Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
600000 usd
CY2023Q4 myfw Fair Value Option Loans Held As Assets Unpaid Principal Balance
FairValueOptionLoansHeldAsAssetsUnpaidPrincipalBalance
21235000 usd
CY2023Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
-255000 usd
CY2023Q4 myfw Fair Value Option Loans Held As Assets Non Accruals
FairValueOptionLoansHeldAsAssetsNonAccruals
210000 usd
CY2023Q4 myfw Fair Value Option Loans Held As Assets Unpaid Principal Balance Nonaccrual Status
FairValueOptionLoansHeldAsAssetsUnpaidPrincipalBalanceNonaccrualStatus
220000 usd
CY2023Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status Aggregated Difference
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatusAggregatedDifference
-10000 usd
CY2022Q1 myfw Maximum Offering Price
MaximumOfferingPrice
100000000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
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CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
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CY2024Q1 us-gaap Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
40126 shares
CY2024Q1 myfw Stock Surrendered During Period Shares
StockSurrenderedDuringPeriodShares
19323 shares
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
400000 usd
CY2023Q1 us-gaap Stock Issued During Period Shares Employee Benefit Plan
StockIssuedDuringPeriodSharesEmployeeBenefitPlan
6364 shares
CY2023Q1 myfw Stock Surrendered During Period Shares
StockSurrenderedDuringPeriodShares
1888 shares
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2515000 usd
CY2024Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.40
CY2024Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2515000 usd
CY2023Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3820000 usd
CY2024Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9621309 shares
CY2023Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
9503715 shares
CY2024Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
89455 shares
CY2023Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
228959 shares
CY2024Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9710764 shares
CY2023Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9732674 shares
CY2024Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.26
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.39
CY2024Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
268385 shares
CY2024Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1100000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.297
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
39200000 usd
CY2023Q4 myfw Loans Held For Sale Sold Fair Value
LoansHeldForSaleSoldFairValue
40800000 usd
CY2023Q4 myfw Fair Value Option Loans Held As Assets90 Days Or More Past Due And Still Accruing
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAndStillAccruing
0 usd
CY2024Q1 myfw Fair Value Option Loans Held As Assets90 Days Or More Past Due And Still Accruing
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAndStillAccruing
0 usd
CY2024Q1 myfw Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status Number Of Loans
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatusNumberOfLoans
2 loan
CY2024Q1 us-gaap Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus
200000 usd
CY2023Q4 myfw Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status Number Of Loans
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatusNumberOfLoans
98 loan
CY2023Q4 us-gaap Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus
200000 usd
CY2023Q1 myfw Fair Value Option Loans Held As Assets Allowance For Credit Loss Write Offs
FairValueOptionLoansHeldAsAssetsAllowanceForCreditLossWriteOffs
-400000 usd
CY2024Q1 myfw Fair Value Option Loans Held As Assets Allowance For Credit Loss Write Offs
FairValueOptionLoansHeldAsAssetsAllowanceForCreditLossWriteOffs
-400000 usd
CY2024Q1 myfw Fair Value Option Loans Held As Assets
FairValueOptionLoansHeldAsAssets
22392000 usd
CY2024Q1 myfw Fair Value Option Loans Held As Assets Unpaid Principal Balance
FairValueOptionLoansHeldAsAssetsUnpaidPrincipalBalance
22519000 usd
CY2024Q1 us-gaap Fair Value Option Loans Held As Assets Aggregate Difference
FairValueOptionLoansHeldAsAssetsAggregateDifference
-127000 usd
CY2024Q1 myfw Fair Value Option Loans Held As Assets Non Accruals
FairValueOptionLoansHeldAsAssetsNonAccruals
178000 usd
CY2024Q1 myfw Fair Value Option Loans Held As Assets Unpaid Principal Balance Nonaccrual Status
FairValueOptionLoansHeldAsAssetsUnpaidPrincipalBalanceNonaccrualStatus
182000 usd
CY2024Q1 us-gaap Fair Value Option Loans Held As Assets Aggregate Amount In Nonaccrual Status Aggregated Difference
FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatusAggregatedDifference
-4000 usd
CY2024Q1 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
178000 usd
CY2024Q1 myfw Fair Value Option Loans Held As Assets Unpaid Principal Balance90 Days Or More Past Due
FairValueOptionLoansHeldAsAssetsUnpaidPrincipalBalance90DaysOrMorePastDue
182000 usd
CY2024Q1 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due Aggregate Difference
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference
-4000 usd
CY2023Q4 myfw Fair Value Option Loans Held As Assets
FairValueOptionLoansHeldAsAssets
20980000 usd
CY2023Q4 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDue
210000 usd
CY2023Q4 myfw Fair Value Option Loans Held As Assets Unpaid Principal Balance90 Days Or More Past Due
FairValueOptionLoansHeldAsAssetsUnpaidPrincipalBalance90DaysOrMorePastDue
220000 usd
CY2023Q4 us-gaap Fair Value Option Loans Held As Assets90 Days Or More Past Due Aggregate Difference
FairValueOptionLoansHeldAsAssets90DaysOrMorePastDueAggregateDifference
-10000 usd
CY2024Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
129000 usd
CY2023Q1 us-gaap Fair Value Option Changes In Fair Value Gain Loss1
FairValueOptionChangesInFairValueGainLoss1
-102000 usd
CY2024Q1 us-gaap Other Real Estate
OtherRealEstate
0 usd
CY2023Q4 us-gaap Other Real Estate
OtherRealEstate
0 usd
CY2024Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
0 usd
CY2023 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
8800000 usd
CY2024Q1 us-gaap Derivative Assets
DerivativeAssets
1199000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
763000 usd
CY2024Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
664000 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
740000 usd
CY2024Q1 us-gaap Interest Income Other
InterestIncomeOther
200000 usd
CY2024Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
38398000 usd
CY2024Q1 us-gaap Interest Expense
InterestExpense
22328000 usd
CY2024Q1 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
72000 usd
CY2024Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
15998000 usd
CY2024Q1 us-gaap Noninterest Income
NoninterestIncome
7277000 usd
CY2024Q1 us-gaap Revenues
Revenues
23275000 usd
CY2024Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
624000 usd
CY2024Q1 myfw Noninterest Expense Excluding Depreciation And Amortization
NoninterestExpenseExcludingDepreciationAndAmortization
19072000 usd
CY2024Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3579000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
30400000 usd
CY2024Q1 us-gaap Assets
Assets
2932217000 usd
CY2023Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
34712000 usd
CY2023Q1 us-gaap Interest Expense
InterestExpense
15139000 usd
CY2023Q1 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
-310000 usd
CY2023Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
19883000 usd
CY2023Q1 us-gaap Noninterest Income
NoninterestIncome
5806000 usd
CY2023Q1 us-gaap Revenues
Revenues
25689000 usd
CY2023Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
594000 usd
CY2023Q1 myfw Noninterest Expense Excluding Depreciation And Amortization
NoninterestExpenseExcludingDepreciationAndAmortization
19934000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
5161000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
30400000 usd
CY2023Q1 us-gaap Assets
Assets
2968507000 usd
CY2024Q1 us-gaap Qualified Affordable Housing Project Investments Commitment
QualifiedAffordableHousingProjectInvestmentsCommitment
4600000 usd
CY2023Q4 us-gaap Qualified Affordable Housing Project Investments Commitment
QualifiedAffordableHousingProjectInvestmentsCommitment
4900000 usd
CY2024Q1 us-gaap Amortization Method Qualified Affordable Housing Project Investments Amortization
AmortizationMethodQualifiedAffordableHousingProjectInvestmentsAmortization
200000 usd
CY2024Q1 us-gaap Amortization Method Qualified Affordable Housing Project Investments Amortization
AmortizationMethodQualifiedAffordableHousingProjectInvestmentsAmortization
200000 usd
CY2024Q1 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
200000 usd
CY2023Q1 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
100000 usd
CY2023Q1 us-gaap Income Loss From Affordable Housing Projects Equity Method Investments
IncomeLossFromAffordableHousingProjectsEquityMethodInvestments
0 usd
CY2024Q1 us-gaap Income Loss From Affordable Housing Projects Equity Method Investments
IncomeLossFromAffordableHousingProjectsEquityMethodInvestments
0 usd
CY2023 myfw Capital Injection
CapitalInjection
0 usd
CY2024Q1 myfw Minimum Capital Conservation Buffer Percentage
MinimumCapitalConservationBufferPercentage
0.025
CY2024Q1 myfw Common Equity Tier One Risk Based Capital Required For Minimum Capital Adequacy With Capital Conservation Buffer Purposes Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredForMinimumCapitalAdequacyWithCapitalConservationBufferPurposesRiskWeightedAssets
0.070
CY2024Q1 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.085
CY2024Q1 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
0.105
CY2024Q1 myfw Number Of Conditions
NumberOfConditions
0 item
CY2024Q1 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
219258000 usd
CY2024Q1 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.0977
CY2024Q1 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
219258000 usd
CY2024Q1 myfw Common Equity Tier One Capital To Risk Weighted Assets Ratio
CommonEquityTierOneCapitalToRiskWeightedAssetsRatio
0.0977
CY2024Q1 us-gaap Capital
Capital
295098000 usd
CY2024Q1 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1315
CY2024Q1 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
219258000 usd
CY2024Q1 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0773
CY2023Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
218150000 usd
CY2023Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.0940
CY2023Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
218150000 usd
CY2023Q4 myfw Common Equity Tier One Capital To Risk Weighted Assets Ratio
CommonEquityTierOneCapitalToRiskWeightedAssetsRatio
0.0940
CY2023Q4 us-gaap Capital
Capital
292151000 usd
CY2023Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1259
CY2023Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
218150000 usd
CY2023Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0777
CY2024Q1 myfw Banking Regulations Retained Earnings Accumulated Deficit
BankingRegulationsRetainedEarningsAccumulatedDeficit
105500000 usd

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