$MYFW
First Western Financial Inc

2020 Q4 Form 10-K Financial Statement

#000155837021002919 Filed on March 12, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2019 Q4 2019
Revenue $63.98M
YoY Change
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 $300.0K $300.0K $1.671M
YoY Change 0.0% -40.0% -24.05%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $12.99M
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $7.100M $2.890M $10.19M
YoY Change 145.67% 28.44% 37.36%
Income Tax $2.230M $320.0K $2.183M
% Of Pretax Income 31.41% 11.07% 21.42%
Net Earnings $4.870M $2.570M $8.009M
YoY Change 89.49% 49.42% 41.75%
Net Earnings / Revenue 12.52%
Basic Earnings Per Share $1.02
Diluted Earnings Per Share $611.8K $322.9K $1.01
COMMON SHARES
Basic Shares Outstanding 7.952M 7.890M
Diluted Shares Outstanding 7.915M

Balance Sheet

Concept 2020 Q4 2019 Q4 2019
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $156.0M $78.64M
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 $5.320M $5.218M $15.50M
YoY Change 1.95% -14.46% 154.1%
Goodwill $24.19M $19.69M
YoY Change 22.88% -20.66%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.100M $8.600M $8.600M
YoY Change -29.07% 100.0% 100.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.974B $1.252B $1.252B
YoY Change 57.68% 15.44% 15.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $500.0K $300.0K $300.0K
YoY Change 66.67% 50.0% 50.0%
Accrued Expenses $14.00M $13.50M $13.50M
YoY Change 3.7%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.50M $13.80M $13.80M
YoY Change 5.07% 6800.0% 6800.0%
LONG-TERM LIABILITIES
Long-Term Debt $24.30M $6.600M $6.600M
YoY Change 268.18% 0.0% 0.0%
Other Long-Term Liabilities $10.50M $6.900M $6.900M
YoY Change 52.17% -12.66% -12.66%
Total Long-Term Liabilities $34.80M $13.50M $13.50M
YoY Change 157.78% -6.9% -6.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.50M $13.80M $13.80M
Total Long-Term Liabilities $34.80M $13.50M $13.50M
Total Liabilities $1.819B $1.124B $1.124B
YoY Change 61.8% 16.19% 16.19%
SHAREHOLDERS EQUITY
Retained Earnings $9.579M -$14.96M
YoY Change -164.05%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $155.0M $127.7M $127.7M
YoY Change
Total Liabilities & Shareholders Equity $1.974B $1.252B $1.252B
YoY Change 57.68% 15.44% 15.44%

Cashflow Statement

Concept 2020 Q4 2019 Q4 2019
OPERATING ACTIVITIES
Net Income $4.870M $2.570M $8.009M
YoY Change 89.49% 49.42% 41.75%
Depreciation, Depletion And Amortization $300.0K $300.0K $1.671M
YoY Change 0.0% -40.0% -24.05%
Cash From Operating Activities -$63.80M $24.80M -$21.51M
YoY Change -357.26% 169.57% -220.86%
INVESTING ACTIVITIES
Capital Expenditures -$500.0K $0.00 $415.0K
YoY Change -100.0% -159.29%
Acquisitions
YoY Change
Other Investing Activities -$23.60M -$69.40M -$116.0M
YoY Change -65.99% 94.4% 85.9%
Cash From Investing Activities -$24.10M -$69.50M -$116.4M
YoY Change -65.32% 93.59% 84.44%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $743.0K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.400M -22.80M 143.2M
YoY Change -71.93% -177.29% 31.23%
NET CHANGE
Cash From Operating Activities -63.80M 24.80M -21.51M
Cash From Investing Activities -24.10M -69.50M -116.4M
Cash From Financing Activities -6.400M -22.80M 143.2M
Net Change In Cash -94.30M -67.50M 5.281M
YoY Change 39.7% -2510.71% -91.72%
FREE CASH FLOW
Cash From Operating Activities -$63.80M $24.80M -$21.51M
Capital Expenditures -$500.0K $0.00 $415.0K
Free Cash Flow -$63.30M $24.80M -$21.93M
YoY Change -355.24% 163.83% -218.53%

Facts In Submission

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CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1356000
CY2020 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
25378000
CY2019 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
9365000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
116875000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
8009000
CY2019 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1356000
CY2019 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-110000
CY2019 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
743000
CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2291000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
127678000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
24534000
CY2020 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
844000
CY2020 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-261000
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
377000
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2544000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
154962000
CY2020 us-gaap Profit Loss
ProfitLoss
24534000
CY2019 us-gaap Profit Loss
ProfitLoss
8009000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1105000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1671000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1300000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1216000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
2544000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
2291000
CY2020 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
4682000
CY2019 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
662000
CY2020 myfw Amortization Of Investment Securities
AmortizationOfInvestmentSecurities
442000
CY2019 myfw Amortization Of Investment Securities
AmortizationOfInvestmentSecurities
226000
CY2020 us-gaap Investment Income Dividend
InvestmentIncomeDividend
17000
CY2019 us-gaap Investment Income Dividend
InvestmentIncomeDividend
29000
CY2020 myfw Gain Loss Due To Increase Decrease In Cash Surrender Value Of Company Owned Life
GainLossDueToIncreaseDecreaseInCashSurrenderValueOfCompanyOwnedLife
363000
CY2019 myfw Gain Loss Due To Increase Decrease In Cash Surrender Value Of Company Owned Life
GainLossDueToIncreaseDecreaseInCashSurrenderValueOfCompanyOwnedLife
377000
CY2020 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
29276000
CY2019 us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
10585000
CY2020 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
1331989000
CY2019 us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
640575000
CY2020 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
1238881000
CY2019 us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
615961000
CY2019 us-gaap Debt And Equity Securities Realized Gain Loss
DebtAndEquitySecuritiesRealizedGainLoss
119000
CY2020 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
43000
CY2019 us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
183000
CY2020 myfw Gain Loss On Held For Sale Assets
GainLossOnHeldForSaleAssets
-553000
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1572000
CY2020 us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
176000
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-355000
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
728000
CY2020 myfw Increase Decrease In Accrued Interest Receivable And Other Assets
IncreaseDecreaseInAccruedInterestReceivableAndOtherAssets
4473000
CY2019 myfw Increase Decrease In Accrued Interest Receivable And Other Assets
IncreaseDecreaseInAccruedInterestReceivableAndOtherAssets
522000
CY2020 myfw Increase Decrease In Accrued Interest Payable And Other Liabilities
IncreaseDecreaseInAccruedInterestPayableAndOtherLiabilities
-858000
CY2019 myfw Increase Decrease In Accrued Interest Payable And Other Liabilities
IncreaseDecreaseInAccruedInterestPayableAndOtherLiabilities
-2429000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-93331000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-21513000
CY2020 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
28639000
CY2019 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
9598000
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
7506000
CY2020 myfw Payments To Acquire Available For Sale Securities Purchases
PaymentsToAcquireAvailableForSaleSecuritiesPurchases
6000000
CY2019 myfw Payments To Acquire Available For Sale Securities Purchases
PaymentsToAcquireAvailableForSaleSecuritiesPurchases
31063000
CY2020 myfw Redemption Purchase Of Correspondent Bank Stock
RedemptionPurchaseOfCorrespondentBankStock
-1950000
CY2019 myfw Redemption Purchase Of Correspondent Bank Stock
RedemptionPurchaseOfCorrespondentBankStock
-1286000
CY2019 myfw Proceeds From Redemption Of Correspondent Bank Stock
ProceedsFromRedemptionOfCorrespondentBankStock
3218000
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1205000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
415000
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
10000
CY2020 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
288000
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
61316000
CY2020 myfw Payments To Loan And Note Receivable Originations And Principal Collections Net
PaymentsToLoanAndNoteReceivableOriginationsAndPrincipalCollectionsNet
414486000
CY2019 myfw Payments To Loan And Note Receivable Originations And Principal Collections Net
PaymentsToLoanAndNoteReceivableOriginationsAndPrincipalCollectionsNet
103937000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-456020000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-116379000
CY2020 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
470046000
CY2019 us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
149026000
CY2020 us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
18000000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
377000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
743000
CY2020 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
261000
CY2019 us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
110000
CY2020 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
269000
CY2020 myfw Payments To Federal Reserve Borrowings
PaymentsToFederalReserveBorrowings
69750000
CY2020 myfw Proceeds From Federal Reserve Borrowings
ProceedsFromFederalReserveBorrowings
204313000
CY2020 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
30000000
CY2019 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
72346000
CY2020 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
35000000
CY2019 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
67346000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
626702000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
143173000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
77351000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
5281000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
78638000
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
73357000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
155989000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
78638000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
7078000
CY2019 us-gaap Interest Paid Net
InterestPaidNet
12922000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11763000
CY2019 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
2476000
CY2020 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
5659000
CY2019 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
5351000
CY2020 myfw Reclass Of Held For Sale Assets Net Of Liabilities
ReclassOfHeldForSaleAssetsNetOfLiabilities
-2990000
CY2019 myfw Reclass Of Held For Sale Assets Net Of Liabilities
ReclassOfHeldForSaleAssetsNetOfLiabilities
3436000
CY2020 us-gaap Increase Decrease In Assets Held For Sale
IncreaseDecreaseInAssetsHeldForSale
3062000
CY2019 myfw New Accounting Pronouncement Adoption Reclassification Of Stranded Tax Effect
NewAccountingPronouncementAdoptionReclassificationOfStrandedTaxEffect
235000
CY2020Q4 us-gaap Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
1113000
CY2019Q4 us-gaap Available For Sale Securities Equity Securities
AvailableForSaleSecuritiesEquitySecurities
1831000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3600000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16580000
CY2020 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt;"><span style="text-decoration:underline;text-decoration-color:#000000;">Use of Estimates</span>: 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 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, including the impact of the COVID-19 pandemic, and changes in the financial condition of borrowers. Material estimates that are particularly susceptible to significant change include: the determination of the allowance for loan losses, the evaluation of goodwill impairment, and the fair value of financial instruments. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">The Company could experience a material adverse effect on its business as a result of the impact of the COVID-19 pandemic, and the resulting governmental actions to curtail its spread. It is at least reasonably possible that information which was available at the date of the financial statements will change in the near term due to the COVID-19 pandemic and that the effect of the change would be material to the financial statements. The extent to which the COVID-19 pandemic will impact our estimates and assumptions is highly uncertain.</p>
CY2020 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;text-indent:36pt;margin:0pt;"><span style="text-decoration:underline;text-decoration-color:#000000;">Concentration of Credit Risk</span>: Most of the Company’s lending activity is to clients located in and around metro Denver, Colorado; Phoenix and Scottsdale, Arizona; and Jackson Hole and Laramie, Wyoming. The Company does not </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:justify;margin:0pt 0pt 12pt 0pt;">believe it has significant concentrations in any one industry or customer. As of December 31, 2020 and December 31, 2019, 66.9% and 71.7%, 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.</p>
CY2019 myfw Number Of Securities Determined To Be Other Than Temporarily Impaired
NumberOfSecuritiesDeterminedToBeOtherThanTemporarilyImpaired
0
CY2020 myfw Number Of Securities Determined To Be Other Than Temporarily Impaired
NumberOfSecuritiesDeterminedToBeOtherThanTemporarilyImpaired
0
CY2019 myfw Impairment Of Correspondent Bank Stock
ImpairmentOfCorrespondentBankStock
0
CY2020 myfw Impairment Of Correspondent Bank Stock
ImpairmentOfCorrespondentBankStock
0
CY2020Q4 myfw Financial Receivables Loans Covenant Violation And Downgrade Minimum Percent
FinancialReceivablesLoansCovenantViolationAndDowngradeMinimumPercent
0.50
CY2020Q4 myfw Financial Receivables Loans Minimum Reduction In Collateral Position
FinancialReceivablesLoansMinimumReductionInCollateralPosition
0.20
CY2020 myfw Financial Receivables Maximum Percent High Risk Industry Loans
FinancialReceivablesMaximumPercentHighRiskIndustryLoans
3.0
CY2020Q2 us-gaap Goodwill
Goodwill
4500000
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
980000
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
64000
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
36666000
CY2019Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
59100000
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
212000
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
35750000
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
409000
CY2019Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
58903000
CY2020 us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
400000
CY2019 us-gaap Investment Income Net Amortization Of Discount And Premium
InvestmentIncomeNetAmortizationOfDiscountAndPremium
200000
CY2020Q4 myfw Debt Securities Available For Sale Carrying Value Pledged As Collateral
DebtSecuritiesAvailableForSaleCarryingValuePledgedAsCollateral
3700000
CY2019Q4 myfw Debt Securities Available For Sale Carrying Value Pledged As Collateral
DebtSecuritiesAvailableForSaleCarryingValuePledgedAsCollateral
5500000
CY2019 myfw Threshold Percentage Of Shareholders Equity Amount Held As Securities By One Issuer
ThresholdPercentageOfShareholdersEquityAmountHeldAsSecuritiesByOneIssuer
0.10
CY2020 myfw Threshold Percentage Of Shareholders Equity Amount Held As Securities By One Issuer
ThresholdPercentageOfShareholdersEquityAmountHeldAsSecuritiesByOneIssuer
0.10
CY2020Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
100000
CY2019Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
400000
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
2
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
4369000
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
51000
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
566000
CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
13000
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
4935000
CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
64000
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
35983000
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
238000
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
6797000
CY2019Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
171000
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
42780000
CY2019Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
409000
CY2019 us-gaap Proceeds From Sale Of Available For Sale Securities Debt
ProceedsFromSaleOfAvailableForSaleSecuritiesDebt
7500000
CY2019 us-gaap Debt Securities Available For Sale Realized Gain
DebtSecuritiesAvailableForSaleRealizedGain
100000
CY2019 us-gaap Debt Securities Available For Sale Realized Loss
DebtSecuritiesAvailableForSaleRealizedLoss
0
CY2020Q4 myfw Correspondent Bank Stock At Cost
CorrespondentBankStockAtCost
2552000
CY2019Q4 myfw Correspondent Bank Stock At Cost
CorrespondentBankStockAtCost
585000
CY2020Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1534185000
CY2019Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
996559000
CY2020Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
-1352000
CY2019Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
UnamortizedLoanCommitmentAndOriginationFeesAndUnamortizedDiscountsOrPremiums
1448000
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
12539000
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7875000
CY2020Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
1520294000
CY2019Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
990132000
CY2020 myfw Financing Receivable Modification Number Of Contracts In Deferral
FinancingReceivableModificationNumberOfContractsInDeferral
2
CY2020Q4 myfw Financing Receivable Modification Loans In Deferral Amount
FinancingReceivableModificationLoansInDeferralAmount
2100000
CY2020Q4 myfw Financial Receivables Loans Covenant Violation And Downgrade Minimum Percent
FinancialReceivablesLoansCovenantViolationAndDowngradeMinimumPercent
0.50
CY2020Q4 myfw Financial Receivables Loans Minimum Reduction In Collateral Position
FinancialReceivablesLoansMinimumReductionInCollateralPosition
0.20
CY2020 myfw Financial Receivables Maximum Percent High Risk Industry Loans
FinancialReceivablesMaximumPercentHighRiskIndustryLoans
3.0
CY2020Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
6362000
CY2020Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
1527823000
CY2020Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1534185000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Past Due
FinancingReceivableRecordedInvestmentPastDue
10230000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Current
FinancingReceivableRecordedInvestmentCurrent
986329000
CY2019Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
996559000
CY2019 myfw Number Of Loans90 Days Delinquent And Accruing Interest
NumberOfLoans90DaysDelinquentAndAccruingInterest
0
CY2020 myfw Number Of Loans90 Days Delinquent And Accruing Interest
NumberOfLoans90DaysDelinquentAndAccruingInterest
0
CY2020Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
4058000
CY2019Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
7215000
CY2020Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
3600000
CY2019Q4 us-gaap Financing Receivable Modifications Recorded Investment
FinancingReceivableModificationsRecordedInvestment
7200000
CY2019Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
4412000
CY2019Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
4412000
CY2019Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
833000
CY2020Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
637000
CY2020Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
637000
CY2020Q4 myfw Loans Classified As Tdrs
LoansClassifiedAsTdrs
3577000
CY2019Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
12270000
CY2020Q4 myfw Impaired Financing Receivable Related Allowance Associated With Tdr
ImpairedFinancingReceivableRelatedAllowanceAssociatedWithTdr
1619000
CY2019Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
833000
CY2020Q4 myfw Impaired Financing Receivable Net Recorded Investment
ImpairedFinancingReceivableNetRecordedInvestment
1958000
CY2019Q4 myfw Impaired Financing Receivable Net Recorded Investment
ImpairedFinancingReceivableNetRecordedInvestment
11437000
CY2019Q4 myfw Financing Receivable Additional Funds To Loans Classified As Tdrs
FinancingReceivableAdditionalFundsToLoansClassifiedAsTdrs
200000
CY2020 myfw Number Of Loans Classified As Troubled Debt Restructuring
NumberOfLoansClassifiedAsTroubledDebtRestructuring
1
CY2019 myfw Number Of Loans Classified As Troubled Debt Restructuring
NumberOfLoansClassifiedAsTroubledDebtRestructuring
2
CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
3421000
CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithRelatedAllowanceUnpaidPrincipalBalance
3421000
CY2020Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
1621000
CY2019Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
7858000
CY2019Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
ImpairedFinancingReceivableWithNoRelatedAllowanceUnpaidPrincipalBalance
7858000
CY2020Q4 us-gaap Impaired Financing Receivable Recorded Investment
ImpairedFinancingReceivableRecordedInvestment
4058000
CY2020Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
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4058000
CY2020Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
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CY2019Q4 us-gaap Impaired Financing Receivable Recorded Investment
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12270000
CY2019Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
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12270000
CY2019Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
833000
CY2020 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
3454000
CY2019 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
1686000
CY2020 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
6169000
CY2020 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeCashBasisMethod
336000
CY2019 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
10716000
CY2019 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeCashBasisMethod
427000
CY2020 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
9623000
CY2020 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
336000
CY2019 us-gaap Impaired Financing Receivable Average Recorded Investment
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12402000
CY2019 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
427000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
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7875000
CY2020 us-gaap Provision For Loan Lease And Other Losses
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4682000
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
31000
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
13000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
12539000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1621000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
10918000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
12539000
CY2020Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
4058000
CY2020Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1530127000
CY2020Q4 us-gaap Loans And Leases Receivable Before Fees Gross
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1534185000
CY2018Q4 us-gaap Financing Receivable Allowance For Credit Losses
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7451000
CY2019 us-gaap Provision For Loan Lease And Other Losses
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662000
CY2019 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
248000
CY2019 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
10000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7875000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
833000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
7042000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7875000
CY2019Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
12270000
CY2019Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
984289000
CY2019Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
996559000
CY2020Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1534185000
CY2019Q4 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
996559000
CY2020Q4 us-gaap Property Plant And Equipment Gross
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14944000
CY2019Q4 us-gaap Property Plant And Equipment Gross
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14832000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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9624000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9614000
CY2020Q4 us-gaap Property Plant And Equipment Net
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5320000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5218000
CY2020 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
1100000
CY2019 us-gaap Property Plant And Equipment Disposals
PropertyPlantAndEquipmentDisposals
2500000
CY2020 us-gaap Depreciation
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1100000
CY2019 us-gaap Depreciation
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1300000
CY2019Q4 us-gaap Goodwill
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19686000
CY2018Q4 us-gaap Goodwill
Goodwill
24811000
CY2019 us-gaap Goodwill Impairment Loss
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1572000
CY2019 myfw Reclass Of Goodwill Held For Sale
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-3553000
CY2020 us-gaap Goodwill Acquired During Period
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4505000
CY2020Q4 us-gaap Goodwill
Goodwill
24191000
CY2019Q4 us-gaap Goodwill
Goodwill
19686000
CY2020 us-gaap Goodwill Period Increase Decrease
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4500000
CY2019 us-gaap Goodwill Impairment Loss
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1600000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
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4593000
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4540000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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4526000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4512000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
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67000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
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28000
CY2019 us-gaap Amortization Of Intangible Assets
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400000
CY2020Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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17000
CY2020Q4 myfw Finite Lived Intangible Assets Amortization Expense After Year One
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearOne
50000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
67000
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y9M14D
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y10M28D
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0.0304
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11341000
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
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10308000
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13970000
CY2019Q4 us-gaap Operating Lease Liability
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13480000
CY2020 us-gaap Operating Lease Cost
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3162000
CY2019 us-gaap Operating Lease Cost
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3186000
CY2020 us-gaap Variable Lease Cost
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1894000
CY2019 us-gaap Variable Lease Cost
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1513000
CY2020 us-gaap Sublease Income
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232000
CY2019 us-gaap Sublease Income
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397000
CY2020 us-gaap Lease Cost
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4824000
CY2019 us-gaap Lease Cost
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4302000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
3323000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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3239000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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2937000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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2785000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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1783000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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867000
CY2020Q4 us-gaap Lessee Operating Lease Liability Payments Due
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14934000
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964000
CY2020Q4 us-gaap Operating Lease Liability
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13970000
CY2020Q4 us-gaap Deposits Money Market Deposits
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847430000
CY2019Q4 us-gaap Deposits Money Market Deposits
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615575000
CY2020Q4 us-gaap Time Deposits
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172682000
CY2019Q4 us-gaap Time Deposits
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CY2020Q4 us-gaap Deposits Negotiable Order Of Withdrawal Now
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113052000
CY2019Q4 us-gaap Deposits Negotiable Order Of Withdrawal Now
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91921000
CY2020Q4 us-gaap Deposits Savings Deposits
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5289000
CY2019Q4 us-gaap Deposits Savings Deposits
DepositsSavingsDeposits
4307000
CY2020Q4 us-gaap Interest Bearing Deposit Liabilities
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CY2019Q4 us-gaap Interest Bearing Deposit Liabilities
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CY2020Q4 myfw Time Deposits Of250000 Or More
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73401000
CY2019Q4 myfw Time Deposits Of250000 Or More
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61596000
CY2020Q4 myfw Business Combination Recognized Identifiable Asset Acquired And Liability Assumed Deposits
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63100000
CY2020Q4 myfw Overdrafts Classified As Loans
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100000
CY2020Q4 us-gaap Time Deposit Maturities Year One
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125238000
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23065000
CY2020Q4 us-gaap Time Deposit Maturities Year Three
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CY2020Q4 us-gaap Time Deposit Maturities Year Four
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2550000
CY2020Q4 us-gaap Time Deposit Maturities Year Five
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1691000
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23000
CY2020Q4 us-gaap Time Deposits
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172682000
CY2020Q4 us-gaap Federal Home Loan Bank Advances Long Term
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15000000
CY2019Q4 us-gaap Federal Home Loan Bank Advances Long Term
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10000000
CY2020 myfw Number Of Unsecured Federal Funds Lines Of Credit
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3
CY2019Q4 us-gaap Line Of Credit
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CY2020Q4 us-gaap Line Of Credit
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CY2020 us-gaap Interest Expense Debt
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800000
CY2019 us-gaap Interest Expense Debt
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500000
CY2020 myfw Stock Surrendered During Period Shares
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20043
CY2020 myfw Stock Surrendered During Period Value
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300000
CY2019 us-gaap Stock Issued During Period Shares Employee Benefit Plan
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15446
CY2019 myfw Stock Surrendered During Period Shares
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7835
CY2019 myfw Stock Surrendered During Period Value
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100000
CY2020 us-gaap Profit Loss
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24534000
CY2019 us-gaap Profit Loss
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CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
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24534000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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8009000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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7899278
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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7890266
CY2020 us-gaap Earnings Per Share Basic
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3.11
CY2019 us-gaap Earnings Per Share Basic
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1.02
CY2020 us-gaap Profit Loss
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24534000
CY2019 us-gaap Profit Loss
ProfitLoss
8009000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
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24534000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Diluted
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8009000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7899278
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7890266
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
62626
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
24695
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
7961904
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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7914961
CY2020 us-gaap Earnings Per Share Diluted
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3.08
CY2019 us-gaap Earnings Per Share Diluted
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1.01
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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614116
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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691590
CY2020 us-gaap Current Federal Tax Expense Benefit
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7970000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3076000
CY2020 us-gaap Current State And Local Tax Expense Benefit
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1859000
CY2019 us-gaap Current State And Local Tax Expense Benefit
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323000
CY2020 us-gaap Current Income Tax Expense Benefit
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9829000
CY2019 us-gaap Current Income Tax Expense Benefit
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3399000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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122000
CY2020 myfw Deferred Income Tax Expense Benefit Valuation Allowances
DeferredIncomeTaxExpenseBenefitValuationAllowances
372000
CY2020 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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8529000
CY2019 us-gaap Income Tax Expense Benefit
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2183000
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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0.21
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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0.21
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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0.21
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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6943000
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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2140000
CY2020 us-gaap Income Tax Reconciliation Deductions
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57000
CY2019 us-gaap Income Tax Reconciliation Deductions
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30000
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1150000
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
394000
CY2020 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
36000
CY2020 myfw Deferred Income Tax Expense Benefit Valuation Allowances
DeferredIncomeTaxExpenseBenefitValuationAllowances
372000
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
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157000
CY2019 us-gaap Income Tax Reconciliation Other Adjustments
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-321000
CY2020 us-gaap Income Tax Expense Benefit
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8529000
CY2019 us-gaap Income Tax Expense Benefit
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2183000
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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577000
CY2019Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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545000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
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3054000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
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1925000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
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635000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
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797000
CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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1613000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1400000
CY2020Q4 myfw Deferred Tax Assets Tax Deferred Expense Allowance For Losses On Other Real Estate Owned
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484000
CY2019Q4 myfw Deferred Tax Assets Tax Deferred Expense Allowance For Losses On Other Real Estate Owned
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438000
CY2020Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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615000
CY2019Q4 us-gaap Deferred Tax Assets Goodwill And Intangible Assets
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CY2019Q4 us-gaap Deferred Tax Assets Unrealized Losses On Trading Securities
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CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
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898000
CY2019Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Bonuses
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474000
CY2020Q4 myfw Deferred Tax Assets Loan Fees
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244000
CY2019Q4 myfw Deferred Tax Assets Loan Fees
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352000
CY2020Q4 us-gaap Deferred Tax Assets Other
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553000
CY2019Q4 us-gaap Deferred Tax Assets Other
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685000
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CY2019Q4 us-gaap Deferred Tax Assets Gross
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7394000
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1013000
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
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1354000
CY2020Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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236000
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2245000
CY2019Q4 us-gaap Deferred Income Tax Liabilities
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CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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CY2019Q4 us-gaap Loans And Leases Receivable Related Parties
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CY2018Q4 us-gaap Loans And Leases Receivable Related Parties
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2659000
CY2020 us-gaap Loans And Leases Receivable Related Parties Additions
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17348000
CY2019 us-gaap Loans And Leases Receivable Related Parties Additions
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11618000
CY2020 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
8702000
CY2019 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
8602000
CY2020Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
14321000
CY2019Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
5675000
CY2020Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
26200000
CY2019Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
28500000
CY2020Q4 myfw Related Party Assets Under Management
RelatedPartyAssetsUnderManagement
92100000
CY2019Q4 myfw Related Party Assets Under Management
RelatedPartyAssetsUnderManagement
137100000
CY2020Q4 us-gaap Fair Value Assets Level1 To Level2 Transfers Amount
FairValueAssetsLevel1ToLevel2TransfersAmount
0
CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
1184000
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
44763000
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
-39985000
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales
245000
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Sales
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales
244000
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Gain Loss Included In Earnings1
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1
55000
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
3790000
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
-119000
CY2020 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements
-68000
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
232000
CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
9752000
CY2020Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
125000
CY2018Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
421000
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchases
13094000
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Issues
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationIssues
-10009000
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
-2322000
CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
1184000
CY2020Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
200000
CY2020Q4 us-gaap Other Real Estate
OtherRealEstate
2100000
CY2020Q4 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
1900000
CY2019Q4 us-gaap Other Real Estate And Foreclosed Assets
OtherRealEstateAndForeclosedAssets
700000
CY2019Q4 us-gaap Other Real Estate
OtherRealEstate
2400000
CY2019Q4 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
1700000
CY2019 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
200000
CY2020Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
0
CY2020 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
53334000
CY2020 us-gaap Interest Expense
InterestExpense
7232000
CY2020 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
4682000
CY2020 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
41420000
CY2020 us-gaap Noninterest Income
NoninterestIncome
51180000
CY2020 us-gaap Revenues
Revenues
92600000
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1105000
CY2020 myfw Noninterest Expense Excluding Depreciation And Amortization
NoninterestExpenseExcludingDepreciationAndAmortization
58432000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
33063000
CY2020Q4 us-gaap Goodwill
Goodwill
24191000
CY2020Q4 us-gaap Assets
Assets
1973655000
CY2020 us-gaap Gain Loss On Disposition Of Intangible Assets
GainLossOnDispositionOfIntangibleAssets
-600000
CY2019 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
45051000
CY2019 us-gaap Interest Expense
InterestExpense
12990000
CY2019 us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
662000
CY2019 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
31399000
CY2019 us-gaap Noninterest Income
NoninterestIncome
32577000
CY2019 us-gaap Revenues
Revenues
63976000
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1671000
CY2019 myfw Noninterest Expense Excluding Depreciation And Amortization
NoninterestExpenseExcludingDepreciationAndAmortization
52113000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10192000
CY2019Q4 us-gaap Goodwill
Goodwill
19686000
CY2019Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
3553000
CY2019 myfw Office Supplies And Deliveries Non Interest Expense
OfficeSuppliesAndDeliveriesNonInterestExpense
223000
CY2019Q4 us-gaap Assets
Assets
1251682000
CY2020Q4 us-gaap Qualified Affordable Housing Project Investments Commitment
QualifiedAffordableHousingProjectInvestmentsCommitment
2200000
CY2019Q4 us-gaap Qualified Affordable Housing Project Investments Commitment
QualifiedAffordableHousingProjectInvestmentsCommitment
2500000
CY2020 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
100000
CY2020 myfw Corporate Development And Related Non Interest Expense
CorporateDevelopmentAndRelatedNonInterestExpense
1517000
CY2019 myfw Corporate Development And Related Non Interest Expense
CorporateDevelopmentAndRelatedNonInterestExpense
1468000
CY2020 myfw Loan And Deposit Related Non Interest Expense
LoanAndDepositRelatedNonInterestExpense
1453000
CY2019 myfw Loan And Deposit Related Non Interest Expense
LoanAndDepositRelatedNonInterestExpense
729000
CY2020 myfw Office Supplies And Deliveries Non Interest Expense
OfficeSuppliesAndDeliveriesNonInterestExpense
277000
CY2019Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1287
CY2020 myfw Miscellaneous Non Interest Expense
MiscellaneousNonInterestExpense
205000
CY2019 myfw Miscellaneous Non Interest Expense
MiscellaneousNonInterestExpense
197000
CY2020 myfw Other Non Interest Expense Based On Aggregate Total Interest And Other Income
OtherNonInterestExpenseBasedOnAggregateTotalInterestAndOtherIncome
3452000
CY2019 myfw Other Non Interest Expense Based On Aggregate Total Interest And Other Income
OtherNonInterestExpenseBasedOnAggregateTotalInterestAndOtherIncome
2617000
CY2020 myfw Capital Injection
CapitalInjection
10000000.0
CY2020Q4 myfw Common Equity Tier One Risk Based Capital Required For Minimum Capital Adequacy With Capital Conservation Buffer Purposes Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredForMinimumCapitalAdequacyWithCapitalConservationBufferPurposesRiskWeightedAssets
0.070
CY2020Q4 myfw Tier One Risk Based Capital Required For Capital Adequacy With Capital Conservation Buffer To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyWithCapitalConservationBufferToRiskWeightedAssets
0.085
CY2020Q4 myfw Capital Required For Capital Adequacy With Capital Conservation Buffer To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyWithCapitalConservationBufferToRiskWeightedAssets
0.105
CY2020Q4 myfw Common Equity Tier One Risk Based Capital Required For Minimum Capital Adequacy With Capital Conservation Buffer Purposes Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredForMinimumCapitalAdequacyWithCapitalConservationBufferPurposesRiskWeightedAssets
0.070
CY2020Q4 myfw Tier One Risk Based Capital Required For Capital Adequacy With Capital Conservation Buffer To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyWithCapitalConservationBufferToRiskWeightedAssets
0.085
CY2020Q4 myfw Capital Required For Capital Adequacy With Capital Conservation Buffer To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyWithCapitalConservationBufferToRiskWeightedAssets
0.105
CY2020 myfw Number Of Conditions
NumberOfConditions
0
CY2020Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
131507000
CY2020Q4 myfw Common Equity Tier One Capital To Risk Weighted Assets Ratio
CommonEquityTierOneCapitalToRiskWeightedAssetsRatio
0.0996
CY2020Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
131507000
CY2020Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.0996
CY2020Q4 us-gaap Capital
Capital
168957000
CY2020Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
0.1280
CY2020Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
131507000
CY2020Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0745
CY2019Q4 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
105821000
CY2019Q4 myfw Common Equity Tier One Capital To Risk Weighted Assets Ratio
CommonEquityTierOneCapitalToRiskWeightedAssetsRatio
0.1131
CY2019Q4 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
105821000
CY2019Q4 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
0.1131
CY2019Q4 us-gaap Capital
Capital
120429000
CY2019Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
105821000
CY2019Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
0.0858

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