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First Western Financial (First Western Financial) Effective Interest Rate on Debt % : 35.35% (As of Dec. 2023)


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What is First Western Financial Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. First Western Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $86.65 Mil. First Western Financial's average total debt for the quarter that ended in Dec. 2023 was $245.13 Mil. Therefore, First Western Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 35.35%.


First Western Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for First Western Financial's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Western Financial Effective Interest Rate on Debt % Chart

First Western Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 68.15 7.60 4.31 12.48 39.49

First Western Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.65 21.15 23.30 35.35 59.55

Competitive Comparison of First Western Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, First Western Financial's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Western Financial's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Western Financial's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where First Western Financial's Effective Interest Rate on Debt % falls into.



First Western Financial Effective Interest Rate on Debt % Calculation

First Western Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -74.453/( (199.018+178.051)/ 2 )
=-1  *  -74.453/188.5345
=39.49 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=199.018 + 0
=199.018

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=178.051 + 0
=178.051

First Western Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -86.648/( (312.209+178.051)/ 2 )
=-1  *  -86.648/245.13
=35.35 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=312.209 + 0
=312.209

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=178.051 + 0
=178.051

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


First Western Financial  (NAS:MYFW) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


First Western Financial Effective Interest Rate on Debt % Related Terms

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First Western Financial (First Western Financial) Business Description

Traded in Other Exchanges
N/A
Address
1900 16th Street, Suite 1200, Denver, CO, USA, 80202
First Western Financial Inc is a financial holding company that provides a fully integrated suite of wealth management services on its private trust bank platform, which includes a comprehensive selection of deposit, loan, trust, wealth planning, and investment management products and services. it has two operating segments; The Wealth Management segment consists of operations relative to the Company's fully integrated wealth management products and services. Services provided include deposit, loan, insurance, and trust and investment management advisory products and services, and The Mortgage segment consists of operations relative to the Company's residential mortgage service offerings. the bank derives its majority revenue from the wealth management segment.
Executives
Jesica J. Montgomery officer: Principal Accounting Officer 1900 SIXTEENTH STREET, SUITE 500, DENVER CO 80202
David R. Weber officer: Chief Financial Officer 1900 SIXTEENTH STREET, SUITE 500, DENVER CO 80202
Matthew C. Cassell officer: Chief Banking Officer 1900 16TH STREET, SUITE 1200, DENVER CO 80202
James Allen Scott officer: Chief Client Exp. Officer 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Scott C Mitchell director 1900 16TH STREET, SUITE 1200, DENVER CO 80202
David R Duncan director 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Scott C Wylie director, 10 percent owner, officer: Chairman, CEO and President 1900 16TH STREET, SUITE 1200, DENVER CO 80202
John Emery Sawyer officer: Chief Investment Officer 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Julie A Courkamp officer: Chief Financial Officer 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Joseph C. Zimlich director 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Eric D Sipf director 1601 DRY CREEK DRIVE, LONGMONT CO 80503
Mark L Smith director 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Scott J Lawley officer: Chief Credit Officer 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Cammie A Redpath officer: Chief Human Capital Officer 1900 16TH STREET, SUITE 1200, DENVER CO 80202
Daniel C Thompson officer: Regional Pres., Ariz./Calif. 1900 16TH STREET, SUITE 1200, DENVER CO 80202

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