First Western Financial, Inc. (MYFW) financial statements (2021 and earlier)

Company profile

Business Address 1900 SIXTEENTH ST, #1200
DENVER, CO 80202
State of Incorp. CO
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1567973
Cash and cash equivalents1567973
Total current assets:1567973
Noncurrent Assets
Operating lease, right-of-use asset1110
Property, plant and equipment556
Intangible assets, net (including goodwill)242026
Goodwill242025
Intangible assets, net (excluding goodwill)001
Deferred income tax assets65
Total noncurrent assets:474032
Other undisclosed assets1,7711,133979
TOTAL ASSETS:1,9741,2521,084
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt2  
Qualified affordable housing project investments, commitment2  
Total noncurrent liabilities:2  
Other undisclosed liabilities1,8161,124967
Total liabilities:1,8191,124967
Stockholders' equity
Stockholders' equity attributable to parent155128117
Additional paid in capital145143141
Accumulated other comprehensive income (loss)1(0)(1)
Retained earnings (accumulated deficit)10(15)(23)
Total stockholders' equity:155128117
TOTAL LIABILITIES AND EQUITY:1,9741,2521,084

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Revenues936458
Gain on disposition of assets for financial service operations29115
Net investment income524438
Investment banking revenue191919
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(5)(1)(0)
Gross profit:886357
Operating expenses(14)(14)(13)
Operating income:745045
Interest and debt expense(7)(13)(8)
Other undisclosed loss from continuing operations before equity method investments, income taxes(34)(27)(29)
Income from continuing operations before income taxes:33107
Income tax expense(9)(2)(2)
Net income attributable to parent:2586
Preferred stock dividends and other adjustments  (1)
Net income available to common stockholders, diluted:2584

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
Net income:2586
Other comprehensive income (loss)11(0)
Comprehensive income, net of tax, attributable to parent:2595

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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