First Western Financial Inc

For the period ended Jun 30, 2026. Filed Jul 31, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Jul 31, 2026

MYFW$31.000.0%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

(in thousands, except per share amounts)

	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Interest and dividend income:
Loans, including fees	$38,967	$35,065	$77,092	$69,112
Loans accounted for under the fair value option	23	85	62	196
Investment securities	1,845	819	3,309	1,500
Interest-bearing deposits in other financial institutions	876	1,376	2,217	3,618
Dividends, restricted stock	142	155	278	283
Total interest and dividend income	41,853	37,500	82,958	74,709
Interest expense:
Deposits	18,980	18,208	37,997	36,724
Other borrowed funds	1,109	1,408	2,314	2,648
Total interest expense	20,089	19,616	40,311	39,372
Net interest income	21,764	17,884	42,647	35,337
Less: (Release of) provision for credit losses	(469)	1,773	(1,197)	1,853
Net interest income, after (release of) provision for credit losses	22,233	16,111	43,844	33,484
Non-interest income:
Trust and investment management fees	4,742	4,512	9,493	9,189
Net gain on mortgage loans	906	1,187	2,364	2,254
Net gain on loans held for sale	—	—	—	222
Bank fees	429	293	734	715
Risk management and insurance fees	112	47	361	306
Income on company-owned life insurance	119	112	235	222
Net gain (loss) on loans accounted for under the fair value option	10	26	(29)	32
Net (loss) gain on other real estate owned	—	—	(7)	459
Unrealized (loss) gain recognized on equity securities	(2)	3	(6)	14
Other	69	125	(104)	237
Total non-interest income	6,385	6,305	13,041	13,650
Total income before non-interest expense	28,618	22,416	56,885	47,134
Non-interest expense:
Salaries and employee benefits	13,034	11,019	25,969	22,499
Occupancy and equipment	1,983	2,224	3,886	4,434
Professional services	1,490	1,855	3,086	3,559
Technology and information systems	1,478	1,030	2,477	2,108
Data processing	1,359	1,166	2,545	2,288
Marketing	358	267	551	483
Amortization of other intangible assets	48	52	96	103
Other	1,467	1,486	2,771	2,986
Total non-interest expense	21,217	19,099	41,381	38,460
Income before income taxes	7,401	3,317	15,504	8,674
Income tax expense	1,672	814	3,567	1,986
Net income available to common shareholders	$5,729	$2,503	$11,937	$6,688
Earnings per common share:
Basic	$0.59	$0.26	$1.23	$0.69
Diluted	0.57	0.26	1.20	0.68

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.