First Western Financial Inc
For the period ended Sep 30, 2026. Filed Oct 30, 2026.
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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.
Sep 30, 2026 · Filed Oct 30, 2026
MYFW$31.000.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net income | $17,918 | $9,874 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Net amortization of investment securities | 111 | (21) |
| Stock dividends received on correspondent bank stock | (391) | (437) |
| (Release of) provision for credit losses | (550) | 4,110 |
| Net gain on loans held for sale | — | (222) |
| Net gain on mortgage loans | (2,847) | (3,648) |
| Origination of mortgage loans held for sale | (337,784) | (247,998) |
| Proceeds from mortgage loans | 361,519 | 254,781 |
| Loss on disposal of fixed assets | 399 | — |
| Depreciation and amortization | 1,949 | 2,010 |
| Net amortization of purchase accounting adjustments | 545 | 412 |
| Deferred income tax expense | 602 | 174 |
| Purchase of tax credits | (2,789) | (945) |
| Income on company-owned life insurance | (356) | (338) |
| Stock-based compensation | 2,244 | 1,620 |
| Net loss (gain) on other real estate owned | 7 | (459) |
| Unrealized loss (gain) recognized on equity securities | 30 | (20) |
| Net loss (gain) on loans accounted for under the fair value option | 105 | (50) |
| Net changes in operating assets and liabilities: | ||
| Change in accounts receivable | (229) | (55) |
| Change in accrued interest receivable and other assets | (3,189) | 302 |
| Change in accrued interest payable and other liabilities | (1,506) | (8,418) |
| Net cash provided by operating activities | 35,788 | 10,672 |
| Cash flows from investing activities | ||
| Activity in available-for-sale debt securities: | ||
| Maturities, prepayments, and calls | 11,082 | 553 |
| Purchases | (120,014) | (49,947) |
| Activity in held-to-maturity debt securities: | ||
| Maturities, prepayments, and calls | 12,418 | 6,669 |
| Purchases | (59,038) | (28,946) |
| Purchases of correspondent bank stock | (9,570) | (5,259) |
| Redemption of correspondent bank stock | 5,872 | 5,079 |
| Contributions to low-income housing tax credit investments | (865) | (1,442) |
| Contributions to investment funds | (1,439) | (1,830) |
| Distributions from investment funds | — | 111 |
| Loan and note receivable originations and principal collections, net | (156,306) | (161,717) |
| Purchases of premises and equipment | (2,012) | (2,685) |
| Purchases of loans | — | (4,600) |
| Proceeds from sale of other real estate owned | 3,033 | 31,999 |
| Net cash used in investing activities | (316,839) | (212,015) |
| Cash flows from financing activities | ||
| Net change in deposits | 169,638 | 334,702 |
| Payments to Federal Home Loan Bank borrowings | (290,434) | (179,734) |
| Proceeds from Federal Home Loan Bank borrowings | 379,027 | 174,734 |
| Payments to Federal Reserve borrowings | (508) | (1,171) |
| Payments to subordinated note holders | (10,000) | (8,000) |
| Repurchase of common stock | (146) | (784) |
| Cash paid for withholding taxes on share-based awards | (559) | (706) |
| Net cash provided by financing activities | 247,018 | 319,041 |
| Net change in cash and cash equivalents | (34,033) | 117,698 |
| Cash and cash equivalents, beginning of year | 200,281 | 237,941 |
| Cash and cash equivalents, end of period | $166,248 | $355,639 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(continued)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Supplemental cash flow information: | ||
| Interest paid on deposits and borrowed funds | $61,014 | $62,998 |
| Income tax payment | 1,518 | — |
| Cash paid for lease liabilities | 1,731 | 2,591 |
| Supplemental noncash disclosures: | ||
| Transfer to loans held for investment from loans held for sale | — | (594) |
| Lease right-of-use-asset obtained in exchange for lease liabilities | — | 1,895 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.