$MYFW
First Western Financial Inc

2021 Q4 Form 10-Q Financial Statement

#000155837021014835 Filed on November 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $24.94M
YoY Change -15.34%
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 $400.0K $400.0K $300.0K
YoY Change 33.33% 100.0% 0.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $1.300M
YoY Change -12.87%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.590M $8.466M $7.100M
YoY Change -63.52% -33.97% 145.67%
Income Tax $670.0K $2.000M $2.230M
% Of Pretax Income 25.87% 23.62% 31.41%
Net Earnings $1.920M $6.417M $4.870M
YoY Change -60.57% -33.36% 89.49%
Net Earnings / Revenue 25.73%
Basic Earnings Per Share $0.80
Diluted Earnings Per Share $229.4K $0.78 $611.8K
COMMON SHARES
Basic Shares Outstanding 8.032M 7.980M 7.952M
Diluted Shares Outstanding 8.246M

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $387.0M $310.2M $156.0M
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 $23.98M $6.344M $5.320M
YoY Change 350.68% 24.0% 1.95%
Goodwill $30.60M $24.19M $24.19M
YoY Change 26.49% 0.0% 22.88%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $7.000M $5.900M $6.100M
YoY Change 14.75% -37.23% -29.07%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.527B $2.076B $1.974B
YoY Change 28.06% 5.24% 57.68%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $400.0K $400.0K $500.0K
YoY Change -20.0% 33.33% 66.67%
Accrued Expenses $13.90M $14.60M $14.00M
YoY Change -0.71% 24.79% 3.7%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.30M $15.00M $14.50M
YoY Change -1.38% 25.0% 5.07%
LONG-TERM LIABILITIES
Long-Term Debt $39.00M $39.00M $24.30M
YoY Change 60.49% 170.83% 268.18%
Other Long-Term Liabilities $10.90M $6.300M $10.50M
YoY Change 3.81% -42.73% 52.17%
Total Long-Term Liabilities $49.90M $45.30M $34.80M
YoY Change 43.39% 78.35% 157.78%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.30M $15.00M $14.50M
Total Long-Term Liabilities $49.90M $45.30M $34.80M
Total Liabilities $2.308B $1.901B $1.819B
YoY Change 26.93% 4.27% 61.8%
SHAREHOLDERS EQUITY
Retained Earnings $30.19M $28.27M $9.579M
YoY Change 215.16% 500.89% -164.05%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $219.0M $175.1M $155.0M
YoY Change
Total Liabilities & Shareholders Equity $2.527B $2.076B $1.974B
YoY Change 28.06% 5.24% 57.68%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income $1.920M $6.417M $4.870M
YoY Change -60.57% -33.36% 89.49%
Depreciation, Depletion And Amortization $400.0K $400.0K $300.0K
YoY Change 33.33% 100.0% 0.0%
Cash From Operating Activities $29.40M $6.500M -$63.80M
YoY Change -146.08% -132.02% -357.26%
INVESTING ACTIVITIES
Capital Expenditures -$300.0K -$700.0K -$500.0K
YoY Change -40.0% 250.0%
Acquisitions
YoY Change
Other Investing Activities $21.70M -$40.40M -$23.60M
YoY Change -191.95% -47.67% -65.99%
Cash From Investing Activities $21.50M -$41.20M -$24.10M
YoY Change -189.21% -46.77% -65.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 25.80M 55.80M -6.400M
YoY Change -503.13% -64.32% -71.93%
NET CHANGE
Cash From Operating Activities 29.40M 6.500M -63.80M
Cash From Investing Activities 21.50M -41.20M -24.10M
Cash From Financing Activities 25.80M 55.80M -6.400M
Net Change In Cash 76.70M 21.10M -94.30M
YoY Change -181.34% -64.05% 39.7%
FREE CASH FLOW
Cash From Operating Activities $29.40M $6.500M -$63.80M
Capital Expenditures -$300.0K -$700.0K -$500.0K
Free Cash Flow $29.70M $7.200M -$63.30M
YoY Change -146.92% -135.82% -355.24%

Facts In Submission

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dei Security12b Title
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us-gaap Noninterest Expense
NoninterestExpense
47619000
us-gaap Noninterest Expense
NoninterestExpense
43923000
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IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
8466000
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
12822000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
24693000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
25961000
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2049000
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3192000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6000000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6301000
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
6417000
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9630000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
18693000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19660000
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.49
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.78
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.28
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.47
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CY2020Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
18693000
us-gaap Profit Loss
ProfitLoss
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CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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-21000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
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-203000
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
987000
CY2021Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
6385000
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
9609000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
18490000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
20647000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
139417000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
9630000
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-21000
CY2020Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
6417000
CY2021Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2021Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
127678000
us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
987000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-258000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
370000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1879000
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
149576000
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
154962000
us-gaap Net Income Loss
NetIncomeLoss
18693000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-203000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
-452000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
79000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2050000
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
175129000
us-gaap Profit Loss
ProfitLoss
18693000
us-gaap Profit Loss
ProfitLoss
19660000
myfw Amortization Of Investment Securities
AmortizationOfInvestmentSecurities
411000
myfw Amortization Of Investment Securities
AmortizationOfInvestmentSecurities
346000
us-gaap Investment Income Dividend
InvestmentIncomeDividend
60000
us-gaap Investment Income Dividend
InvestmentIncomeDividend
12000
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
418000
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
3987000
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
13590000
us-gaap Gain Loss On Sale Of Mortgage Loans
GainLossOnSaleOfMortgageLoans
24958000
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
1066612000
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
917524000
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
1195896000
us-gaap Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
889208000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
877000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
832000
us-gaap Real Estate Owned Valuation Allowance Provision1
RealEstateOwnedValuationAllowanceProvision1
100000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
210000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1699000
myfw Gain Loss Due To Increase Decrease In Cash Surrender Value Of Company Owned Life
GainLossDueToIncreaseDecreaseInCashSurrenderValueOfCompanyOwnedLife
266000
myfw Gain Loss Due To Increase Decrease In Cash Surrender Value Of Company Owned Life
GainLossDueToIncreaseDecreaseInCashSurrenderValueOfCompanyOwnedLife
273000
myfw Gain Loss On Held For Sale Assets
GainLossOnHeldForSaleAssets
-553000
us-gaap Share Based Compensation
ShareBasedCompensation
2050000
us-gaap Share Based Compensation
ShareBasedCompensation
1879000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
21000
us-gaap Increase Decrease In Accounts Receivable
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-492000
myfw Increase Decrease In Accrued Interest Receivable And Other Assets
IncreaseDecreaseInAccruedInterestReceivableAndOtherAssets
248000
myfw Increase Decrease In Accrued Interest Receivable And Other Assets
IncreaseDecreaseInAccruedInterestReceivableAndOtherAssets
5531000
myfw Increase Decrease In Accrued Interest Payable And Other Liabilities
IncreaseDecreaseInAccruedInterestPayableAndOtherLiabilities
1311000
myfw Increase Decrease In Accrued Interest Payable And Other Liabilities
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-3394000
us-gaap Net Cash Provided By Used In Operating Activities
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136447000
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
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6370000
us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
20890000
myfw Payments To Acquire Available For Sale Securities Purchases
PaymentsToAcquireAvailableForSaleSecuritiesPurchases
2250000
myfw Payments To Acquire Available For Sale Securities Purchases
PaymentsToAcquireAvailableForSaleSecuritiesPurchases
2000000
myfw Redemption Purchase Of Correspondent Bank Stock
RedemptionPurchaseOfCorrespondentBankStock
-1000
myfw Redemption Purchase Of Correspondent Bank Stock
RedemptionPurchaseOfCorrespondentBankStock
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myfw Proceeds From Redemption Of Correspondent Bank Stock
ProceedsFromRedemptionOfCorrespondentBankStock
841000
myfw Payments Made To Low Income Housing Tax Credit Investments
PaymentsMadeToLowIncomeHousingTaxCreditInvestments
2087000
myfw Payments To Loan And Note Receivable Originations And Principal Collections Net
PaymentsToLoanAndNoteReceivableOriginationsAndPrincipalCollectionsNet
69115000
myfw Payments To Loan And Note Receivable Originations And Principal Collections Net
PaymentsToLoanAndNoteReceivableOriginationsAndPrincipalCollectionsNet
388048000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1844000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
708000
us-gaap Proceeds From Sale Of Property Plant And Equipment
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10000
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
194000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
61316000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-67892000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Increase Decrease In Deposits
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162389000
us-gaap Increase Decrease In Deposits
IncreaseDecreaseInDeposits
413808000
us-gaap Repayments Of Federal Home Loan Bank Borrowings
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27000000
us-gaap Proceeds From Federal Home Loan Bank Borrowings
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35000000
myfw Payments To Federal Reserve Borrowings
PaymentsToFederalReserveBorrowings
174673000
myfw Payments To Federal Reserve Borrowings
PaymentsToFederalReserveBorrowings
238000
myfw Proceeds From Federal Reserve Borrowings
ProceedsFromFederalReserveBorrowings
83674000
myfw Proceeds From Federal Reserve Borrowings
ProceedsFromFederalReserveBorrowings
204313000
us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
ProceedsFromIssuanceOfSubordinatedLongTermDebt
14674000
us-gaap Proceeds From Issuance Of Subordinated Long Term Debt
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7881000
us-gaap Proceeds From Stock Options Exercised
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79000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
370000
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
452000
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
258000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
85691000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
633136000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
154246000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
171720000
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
155989000
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
78638000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
310235000
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
250358000
us-gaap Interest Paid Net
InterestPaidNet
4167000
us-gaap Interest Paid Net
InterestPaidNet
5699000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3852000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
6417000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
3874000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
4267000
myfw Reclass Of Held For Sale Assets Net Of Liabilities
ReclassOfHeldForSaleAssetsNetOfLiabilities
10000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
283000
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1305000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2262000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
649000
CY2020Q4 us-gaap Business Combination Contingent Consideration Asset
BusinessCombinationContingentConsiderationAsset
3100000
myfw Business Combination Period Of Quarterly Payments
BusinessCombinationPeriodOfQuarterlyPayments
P3Y
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;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;text-align:justify;text-indent:36pt;margin:6pt 0pt 6pt 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. </p>
CY2021Q3 myfw Performance Based Incentive Fees
PerformanceBasedIncentiveFees
0
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:36pt;margin:6pt 0pt 6pt 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 believe it has significant concentrations in any one industry or customer. As of September 30, 2021 and December 31, 2020, 72.4% and 66.9%, 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>
myfw Performance Based Incentive Fees
PerformanceBasedIncentiveFees
0
CY2021Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
31602000
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
688000
CY2021Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
57000
CY2021Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
32233000
CY2020Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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35750000
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
CY2021Q3 myfw Debt Securities Available For Sale Carrying Value Pledged As Collateral
DebtSecuritiesAvailableForSaleCarryingValuePledgedAsCollateral
2300000
CY2020Q4 myfw Debt Securities Available For Sale Carrying Value Pledged As Collateral
DebtSecuritiesAvailableForSaleCarryingValuePledgedAsCollateral
3700000
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
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CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
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CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
8294000
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
39000
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
556000
CY2021Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
18000
CY2021Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
8850000
CY2021Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
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CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
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CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
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CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
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CY2020Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
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CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
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CY2020Q4 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
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CY2021Q3 us-gaap Loans And Leases Receivable Before Fees Gross
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CY2020Q4 us-gaap Loans And Leases Receivable Before Fees Gross
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CY2020Q4 us-gaap Unamortized Loan Commitment And Origination Fees And Unamortized Discounts Or Premiums
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CY2021Q3 us-gaap Loans And Leases Receivable Allowance
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CY2020Q4 us-gaap Loans And Leases Receivable Allowance
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CY2021Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
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CY2020Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
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CY2021Q3 myfw Financial Receivables Loans Covenant Violation And Downgrade Minimum Percent
FinancialReceivablesLoansCovenantViolationAndDowngradeMinimumPercent
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CY2021Q3 myfw Financial Receivables Loans Minimum Reduction In Collateral Position
FinancialReceivablesLoansMinimumReductionInCollateralPosition
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CY2021Q3 myfw Financial Receivables Maximum Percent High Risk Industry Loans
FinancialReceivablesMaximumPercentHighRiskIndustryLoans
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CY2021Q3 us-gaap Financing Receivable Recorded Investment Past Due
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CY2021Q3 us-gaap Financing Receivable Recorded Investment Current
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CY2021Q3 us-gaap Loans And Leases Receivable Before Fees Gross
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CY2020Q4 us-gaap Financing Receivable Recorded Investment Past Due
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CY2020Q4 us-gaap Financing Receivable Recorded Investment Current
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CY2020Q4 us-gaap Loans And Leases Receivable Before Fees Gross
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CY2021Q3 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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CY2020Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
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CY2021Q3 us-gaap Financing Receivable Modifications Recorded Investment
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CY2020Q4 us-gaap Financing Receivable Modifications Recorded Investment
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CY2021Q3 myfw Impaired Financing Receivable Net Recorded Investment
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CY2020Q4 myfw Impaired Financing Receivable Net Recorded Investment
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1958000
CY2021Q3 myfw Financing Receivable Additional Funds To Loans Classified As Tdrs
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0
CY2020Q4 myfw Financing Receivable Additional Funds To Loans Classified As Tdrs
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CY2020 us-gaap Financing Receivable Modifications Number Of Contracts2
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CY2021Q3 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
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2262000
CY2021Q3 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
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2262000
CY2021Q3 us-gaap Impaired Financing Receivable Related Allowance
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1783000
CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
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3421000
CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
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3421000
CY2020Q4 us-gaap Impaired Financing Receivable Related Allowance
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1621000
CY2021Q3 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
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2096000
CY2021Q3 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
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2096000
CY2020Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
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637000
CY2020Q4 us-gaap Impaired Financing Receivable With No Related Allowance Unpaid Principal Balance
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637000
CY2021Q3 us-gaap Impaired Financing Receivable Recorded Investment
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4358000
CY2021Q3 us-gaap Impaired Financing Receivable Unpaid Principal Balance
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4358000
CY2021Q3 us-gaap Impaired Financing Receivable Related Allowance
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1783000
CY2020Q4 us-gaap Impaired Financing Receivable Recorded Investment
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4058000
CY2020Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
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4058000
CY2020Q4 us-gaap Impaired Financing Receivable Related Allowance
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CY2021Q3 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
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2653000
CY2020Q3 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceAverageRecordedInvestment
3428000
CY2021Q3 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
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1086000
CY2021Q3 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method
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220000
CY2020Q3 us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
7241000
CY2020Q3 us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method
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85000
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
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12964000
CY2021Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
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3739000
CY2021Q3 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
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220000
CY2020Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
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10669000
CY2020Q3 us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
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85000
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3037000
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21000
us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
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3463000
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
613000
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeCashBasisMethod
271000
us-gaap Impaired Financing Receivable With No Related Allowance Average Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceAverageRecordedInvestment
7551000
us-gaap Impaired Financing Receivable With No Related Allowance Interest Income Cash Basis Method
ImpairedFinancingReceivableWithNoRelatedAllowanceInterestIncomeCashBasisMethod
250000
us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
3650000
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
ImpairedFinancingReceivableInterestIncomeCashBasisMethod
292000
us-gaap Impaired Financing Receivable Average Recorded Investment
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11014000
us-gaap Impaired Financing Receivable Interest Income Cash Basis Method
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250000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
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12552000
CY2021Q3 us-gaap Provision For Loan Lease And Other Losses
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406000
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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6000
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
12964000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
12539000
us-gaap Provision For Loan Lease And Other Losses
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418000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
7000
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FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1783000
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
11181000
CY2021Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
12964000
CY2021Q3 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
4358000
CY2021Q3 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
1599025000
CY2021Q3 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1603383000
CY2020Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
10354000
CY2020Q3 us-gaap Provision For Loan Lease And Other Losses
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1496000
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
6000
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
1000
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
11845000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
7875000
us-gaap Provision For Loan Lease And Other Losses
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3987000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
30000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
13000
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
11845000
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
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1530127000
CY2020Q4 us-gaap Loans And Leases Receivable Before Fees Gross
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1534185000
CY2021Q3 us-gaap Loans And Leases Receivable Before Fees Gross
LoansAndLeasesReceivableBeforeFeesGross
1603383000
CY2020Q4 us-gaap Loans And Leases Receivable Before Fees Gross
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1534185000
CY2020Q4 us-gaap Goodwill
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24191000
CY2020 us-gaap Goodwill Period Increase Decrease
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4500000
CY2020Q4 us-gaap Goodwill
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24191000
CY2019Q4 us-gaap Goodwill
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19686000
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4505000
CY2021Q3 us-gaap Goodwill
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24191000
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
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11450000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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11341000
CY2021Q3 us-gaap Operating Lease Liability
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14608000
CY2020Q4 us-gaap Operating Lease Liability
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13970000
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P5Y5M1D
CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P4Y9M14D
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3580000
us-gaap Lease Cost
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3685000
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0.0304
CY2021Q3 us-gaap Operating Lease Cost
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781000
CY2020Q3 us-gaap Operating Lease Cost
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786000
us-gaap Operating Lease Cost
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2264000
us-gaap Operating Lease Cost
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2401000
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488000
CY2020Q3 us-gaap Variable Lease Cost
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557000
us-gaap Variable Lease Cost
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1316000
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1516000
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232000
CY2021Q3 us-gaap Lease Cost
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1269000
CY2020Q3 us-gaap Lease Cost
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1310000
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850000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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3450000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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3210000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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3064000
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2073000
CY2021Q3 myfw Lessee Operating Lease Liability To Be Paid After Year Four
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2871000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
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15518000
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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910000
CY2021Q3 us-gaap Operating Lease Liability
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14608000
CY2020Q4 myfw Overdrafts Classified As Loans
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100000
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5289000
CY2021Q3 us-gaap Interest Bearing Deposit Liabilities
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1185664000
CY2020Q4 us-gaap Interest Bearing Deposit Liabilities
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CY2021Q3 myfw Time Deposits Of250000 Or More
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64902000
CY2020Q4 myfw Time Deposits Of250000 Or More
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73401000
CY2021Q3 myfw Overdrafts Classified As Loans
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100000
CY2021Q3 us-gaap Deposits Money Market Deposits
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905196000
CY2020Q4 us-gaap Deposits Money Market Deposits
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847430000
CY2021Q3 us-gaap Time Deposits
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137015000
CY2020Q4 us-gaap Time Deposits
TimeDeposits
172682000
CY2021Q3 us-gaap Deposits Negotiable Order Of Withdrawal Now
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137833000
CY2020Q4 us-gaap Deposits Negotiable Order Of Withdrawal Now
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113052000
CY2021Q3 us-gaap Deposits Savings Deposits
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5620000
CY2021Q3 us-gaap Time Deposit Maturities Year One
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39977000
CY2021Q3 us-gaap Time Deposit Maturities Year Two
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63709000
CY2021Q3 us-gaap Time Deposit Maturities Year Three
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24819000
CY2021Q3 us-gaap Time Deposit Maturities Year Four
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2635000
CY2021Q3 us-gaap Time Deposit Maturities Year Five
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1541000
CY2021Q3 us-gaap Time Deposit Maturities After Year Five
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4334000
CY2021Q3 us-gaap Time Deposits
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137015000
CY2021Q3 us-gaap Federal Home Loan Bank Advances Long Term
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15000000
CY2020Q4 us-gaap Federal Home Loan Bank Advances Long Term
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15000000
myfw Number Of Unsecured Federal Funds Lines Of Credit
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3
CY2020 myfw Number Of Unsecured Federal Funds Lines Of Credit
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CY2021Q3 us-gaap Stock Issued During Period Shares Employee Benefit Plan
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4292
CY2021Q3 myfw Stock Surrendered During Period Shares
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1733
us-gaap Stock Issued During Period Shares Employee Benefit Plan
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47351
myfw Stock Surrendered During Period Shares
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19102
myfw Stock Surrendered During Period Value
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500000
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34260
myfw Stock Surrendered During Period Shares
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19852
myfw Stock Surrendered During Period Value
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300000
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6417000
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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9630000
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18693000
us-gaap Net Income Loss Available To Common Stockholders Basic
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19660000
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7979869
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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7911871
us-gaap Weighted Average Number Of Shares Outstanding Basic
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7959268
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7888675
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6417000
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9630000
us-gaap Profit Loss
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18693000
us-gaap Profit Loss
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19660000
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7979869
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
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7911871
us-gaap Weighted Average Number Of Shares Outstanding Basic
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7959268
us-gaap Weighted Average Number Of Shares Outstanding Basic
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7888675
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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266484
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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107136
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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229998
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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73833
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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8246353
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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8019007
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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8189266
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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7962508
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CY2020Q3 us-gaap Earnings Per Share Diluted
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1.20
us-gaap Earnings Per Share Diluted
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2.47
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190911
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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638902
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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228532
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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618787
CY2021Q3 us-gaap Income Tax Expense Benefit
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
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6300000
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.249
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.243
CY2020Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
14321000
CY2019Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
5675000
us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
6172000
CY2020 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
17348000
us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
7381000
CY2020 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
8702000
CY2021Q3 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
13112000
CY2020Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
14321000
CY2021Q3 us-gaap Related Party Deposit Liabilities
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39900000
CY2020Q4 us-gaap Related Party Deposit Liabilities
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26200000
CY2020Q4 us-gaap Other Real Estate And Foreclosed Assets
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200000
CY2020Q4 us-gaap Other Real Estate
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2100000
CY2020Q4 us-gaap Real Estate Owned Valuation Allowance
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1900000
CY2021Q3 us-gaap Interest And Dividend Income Operating
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16146000
CY2021Q3 us-gaap Interest Expense
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1300000
CY2021Q3 us-gaap Provision For Other Credit Losses
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406000
CY2021Q3 us-gaap Interest Income Expense After Provision For Loan Loss
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14440000
CY2021Q3 us-gaap Noninterest Income
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10495000
CY2021Q3 us-gaap Revenues
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24935000
CY2021Q3 us-gaap Depreciation And Amortization
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285000
CY2021Q3 myfw Noninterest Expense Excluding Depreciation And Amortization
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16184000
CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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8466000
CY2021Q3 us-gaap Goodwill
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24191000
CY2021Q3 us-gaap Assets
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2076272000
CY2020Q3 us-gaap Interest And Dividend Income Operating
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14410000
CY2020Q3 us-gaap Interest Expense
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CY2020Q3 us-gaap Provision For Other Credit Losses
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CY2020Q3 us-gaap Interest Income Expense After Provision For Loan Loss
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CY2020Q3 us-gaap Noninterest Income
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CY2020Q3 us-gaap Revenues
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CY2020Q3 us-gaap Depreciation And Amortization
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CY2020Q3 myfw Noninterest Expense Excluding Depreciation And Amortization
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myfw Other Expenses Penalty
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CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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12822000
CY2020Q3 us-gaap Goodwill
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24191000
CY2020Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation
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CY2020Q3 us-gaap Assets
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us-gaap Interest Expense
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CY2021Q3 us-gaap Goodwill
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us-gaap Interest Expense
InterestExpense
5747000
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
3987000
us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
28658000
us-gaap Noninterest Income
NoninterestIncome
41226000
us-gaap Revenues
Revenues
69884000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
826000
myfw Noninterest Expense Excluding Depreciation And Amortization
NoninterestExpenseExcludingDepreciationAndAmortization
43097000
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
25961000
CY2020Q3 us-gaap Goodwill
Goodwill
24191000
CY2020Q3 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
3000000
CY2020Q3 us-gaap Assets
Assets
1972897000
CY2021Q3 us-gaap Qualified Affordable Housing Project Investments Commitment
QualifiedAffordableHousingProjectInvestmentsCommitment
200000
CY2020Q4 us-gaap Qualified Affordable Housing Project Investments Commitment
QualifiedAffordableHousingProjectInvestmentsCommitment
2200000
CY2021Q3 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
100000
us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
300000
myfw Minimum Capital Conservation Buffer Percentage
MinimumCapitalConservationBufferPercentage
0.025
CY2021Q3 myfw Common Equity Tier One Risk Based Capital Required For Minimum Capital Adequacy With Capital Conservation Buffer Purposes Risk Weighted Assets
CommonEquityTierOneRiskBasedCapitalRequiredForMinimumCapitalAdequacyWithCapitalConservationBufferPurposesRiskWeightedAssets
0.070
CY2021Q3 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
8.5
CY2021Q3 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
CapitalRequiredForCapitalAdequacyToRiskWeightedAssets
10.5
myfw Number Of Conditions
NumberOfConditions
0
CY2021Q3 us-gaap Common Equity Tier One Capital
CommonEquityTierOneCapital
151950000
CY2021Q3 myfw Common Equity Tier One Capital To Risk Weighted Assets Ratio
CommonEquityTierOneCapitalToRiskWeightedAssetsRatio
0.1066
CY2021Q3 us-gaap Tier One Risk Based Capital
TierOneRiskBasedCapital
151950000
CY2021Q3 us-gaap Tier One Risk Based Capital To Risk Weighted Assets
TierOneRiskBasedCapitalToRiskWeightedAssets
10.66
CY2021Q3 us-gaap Capital
Capital
204809000
CY2021Q3 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
14.37
CY2021Q3 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
151950000
CY2021Q3 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
7.86
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
9.96
CY2020Q4 us-gaap Capital
Capital
168957000
CY2020Q4 us-gaap Capital To Risk Weighted Assets
CapitalToRiskWeightedAssets
12.80
CY2020Q4 us-gaap Tier One Leverage Capital
TierOneLeverageCapital
131507000
CY2020Q4 us-gaap Tier One Leverage Capital To Average Assets
TierOneLeverageCapitalToAverageAssets
7.45

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