First Western Financial Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	355.64	236.04	254.44	196.51	386.98	155.99
Investment Securities	43.57	33.27	32.72	30.39	17.4	10.23
Trading Asset Securities	2.03	1.42	1.11	-	-	-
Mortgage-Backed Securities	122.63	51.97	50.23	56.99	43.47	30.37
Total Investments	168.22	86.66	84.06	87.38	60.87	40.6
Gross Loans	2,591	2,426	2,531	2,469	1,949	1,534
Allowance for Loan Losses	-20.97	-18.33	-23.93	-17.18	-13.73	-12.54
Other Adjustments to Gross Loans	-	-	-	-	-	-1.35
Net Loans	2,570	2,407	2,507	2,452	1,935	1,520
Property, Plant & Equipment	43.83	43.29	34.19	33.72	34.7	16.66
Goodwill	30.4	30.4	30.4	30.4	30.59	24.19
Other Intangible Assets	1.07	1.23	1.45	1.7	1.31	0.07
Loans Held for Sale	21.81	25.71	7.25	10.8	30.62	161.84
Accrued Interest Receivable	11.91	10.36	11.43	10.45	7.15	6.62
Other Receivables	8.42	10.47	9.56	6.85	7.22	6.29
Other Current Assets	-	-	-	-	0.12	-
Long-Term Deferred Tax Assets	3.5	3.08	6.41	6.91	6.85	6.06
Other Real Estate Owned & Foreclosed	4.39	35.93	-	-	-	0.19
Other Long-Term Assets	21.35	22.81	22.16	22.71	24.06	32.34
Total Assets	3,240	2,919	2,975	2,867	2,527	1,974
Interest Bearing Deposits	2,379	2,042	1,955	1,744	1,494	1,065
Institutional Deposits	93.66	96.31	91.04	77.97	75.75	73.4
Non-Interest Bearing Deposits	375.71	375.6	482.58	583.09	636.3	481.46
Total Deposits	2,849	2,514	2,529	2,405	2,206	1,620
Short-Term Borrowings	51.24	56.16	42.02	131.7	-	0.1
Current Portion of Long-Term Debt	-	-	81	10	5	-
Current Portion of Leases	0.5	3.05	-	-	-	-
Accrued Interest Payable	1.69	2	3.79	1.13	0.36	0.45
Long-Term Debt	45.59	54.6	55.88	57.52	62.66	158.85
Federal Home Loan Bank Debt, Long-Term	-	-	-	-	10	15
Long-Term Leases	20.5	17.91	10.9	11.16	13.86	13.97
Other Long-Term Liabilities	10.7	18.99	10.2	9.35	10.87	10.51
Total Liabilities	2,979	2,667	2,733	2,626	2,308	1,819
Additional Paid-In Capital	193.72	193.59	192.89	190.49	188.63	144.7
Retained Earnings	69.39	59.52	51.04	51.89	30.19	9.58
Comprehensive Income & Other	-1.61	-0.78	-1.2	-1.52	0.22	0.68
Shareholders' Equity	261.5	252.32	242.74	240.86	219.04	154.96
Total Liabilities & Equity	3,240	2,919	2,975	2,867	2,527	1,974
Total Debt	117.83	131.72	189.79	210.38	91.52	187.92
Net Cash (Debt)	239.83	105.74	65.76	-13.87	295.46	-31.94
Net Cash Growth	71.48%	60.80%	-	-	-	-
Net Cash Per Share	24.43	10.84	6.76	-1.43	35.88	-4.01
Filing Date Shares Outstanding	9.71	9.7	9.62	9.51	9.43	7.96
Total Common Shares Outstanding	9.71	9.67	9.58	9.5	9.42	7.95
Book Value Per Share	26.92	26.10	25.33	25.37	23.25	19.49
Tangible Book Value	230.02	220.7	210.88	208.76	187.14	130.7
Tangible Book Value Per Share	23.68	22.83	22.01	21.99	19.87	16.44

Source: S&P Global Market Intelligence. Banks template. Financial Sources.