First Western Financial (First Western Financial) Credit Losses Provision : $10.74 Mil (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is First Western Financial Credit Losses Provision?

First Western Financial's credit losses provision for the three months ended in Dec. 2023 was $8.49 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $10.74 Mil.

First Western Financial's quarterly credit losses provision declined from Jun. 2023 ($1.84 Mil) to Sep. 2023 ($0.33 Mil) but then increased from Sep. 2023 ($0.33 Mil) to Dec. 2023 ($8.49 Mil).

First Western Financial's annual credit losses provision increased from Dec. 2021 ($1.23 Mil) to Dec. 2022 ($3.68 Mil) and increased from Dec. 2022 ($3.68 Mil) to Dec. 2023 ($10.36 Mil).

First Western Financial Credit Losses Provision Historical Data

The historical data trend for First Western Financial's Credit Losses Provision 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.

* Premium members only.

First Western Financial Credit Losses Provision Chart

First Western Financial Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

Get a 7-Day Free Trial

0.66

4.68

1.23

3.68

10.36

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
Credit Losses Provision	Get a 7-Day Free Trial															-0.31	1.84	0.33	8.49	0.07

First Western Financial Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $10.74 Mil.

First Western Financial (First Western Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Western Financial Inc (NAS:MYFW) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 16th Street, Suite 1200, Denver, CO, USA, 80202

Website

https://myfw.gcs-web.com

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