First Western Bank

80 W Main St
Booneville, AR 72927

Notable Rates APY Vs.Others
Savings 0.10% 2.60% →
1-Year CD 1.75% 2.25% →
2-Year CD 1.75% 2.50% →
5-Year CD N.A. 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

First Western Bank is an FDIC insured institution located in Booneville, AR. It was founded in 1910 and has approximately $0.45 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 13083
Date Established 1910
Assets $0.45 billion
Loans $0.37 billion
Deposits $0.38 billion
Capital $0.04 billion
 

For a more detailed analysis of First Western Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1,000 $4,999 Learn MoreShow Less
Money Market
0.10% $10,000 $24,999 Learn MoreShow Less
Money Market
0.10% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.15% $1,000 - Learn MoreShow Less
6 Mo CD
0.20% $1,000 - Learn MoreShow Less
12 Mo CD
1.75% $1,000 - Learn MoreShow Less
18 Mo CD
1.75% $1,000 - Learn MoreShow Less
24 Mo CD
1.75% $1,000 - Learn MoreShow Less
36 Mo CD
1.90% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
1.75% $1,000 $99,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 $9,999 Learn MoreShow Less

Loan Rates - November 21, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First Western Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.990% 4.990% 0.00 $0 $1,341 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.530% 3.500% 0.38 $930 $1,123 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
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Atlantic Union Bank
Atlantic Union Bank
4.750 %
$15,000 Learn More
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Note to First Western Bank
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Branches

First Western Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


First Western Bank Locations


Financial Details

First Western Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Western Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First Western Bank U.S. Bank Average
11.31% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2019, First Western Bank had $1,404,000 in non-current loans and $3,355,000 in owned real estate. To cover these potential losses it had $38,460,000 in equity and $3,633,000 in loans loss reserves. That gives it a Texas Ratio of 11.31%.

Return on Equity
First Western Bank U.S. Bank Average
8.98% 9.50%

First Western Bank has a Return on Equity of 8.98% versus the BestCashCow average of 9.50%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First Western Bank U.S. Bank Average
8.59% 12.76%

First Western Bank has a Capitalization of 8.59% versus the BestCashCow average of 12.76. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First Western Bank Balance Sheet Analysis

As of June 30, 2019, First Western Bank had assets of $447,535,000, loans of $371,673,000, and deposits of $380,214,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.37 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.02 billion
     Total Assets $0.41 billion
LIABILITIES
Total deposits $0.38 billion
      Interest-bearing deposits $0.34 billion
      Deposits held in domestic offices $0.38 billion
      % insured (estimated) 88.02%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.03 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.41 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in First Western Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Arkansas, First Western Bank has a significantly higher percent of 1-4 Family Residential Loans, Construction and Development Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 45.62
Multifamily
Mortgages
5.14
Credit Card Loans 0.00
Consumer Auto Loans 0.62
Small Business Loans 7.82
Construction and Development Loans 17.53
Commercial Real Estate 20.93
Commercial and Industrial Loans 2.55
Farm Loans 0.73

Frequently Asked Questions About First Western Bank

Branches and Savings

Is First Western Bank FDIC insured?

Yes. It is covered under FDIC Certificate #13083.

Why does First Western Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Western Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Western Bank a commercial bank?

Yes

Where are First Western Bank locations?

See branch locations nearby.

Is First Western Bank open on Saturdays?

Is First Western Bank open on Sundays?

What time does First Western Bank open?

What time does First Western Bank close?

Are First Western Bank ATMs Open 24/7?

Do First Western Bank ATMs accept cash deposits?

Can First Western Bank customers use other ATMs?

Do First Western Bank branches have notaries?

Will First Western Bank notarize my document?

What address for First Western Bank should I put for incoming ACH transfers?

Will the First Western Bank branch print checks?

Do First Western Bank checks expire?

Does First Western Bank require US citizenship to open account?

Can First Western Bank close my account?

Does First Western Bank Report to credit bureaus?

Does First Western Bank Use Equifax?

What is First Western Bank's ACH Routing Number?

What is First Western Bank's SWIFT code?

Products

Does First Western Bank offer mortgages?

Compare mortgage rates here.

Does First Western Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Western Bank offer personal loans?

Compare personal loan rates here.

Does First Western Bank offer student loans?

Will First Western Bank cash a check?

Will First Western Bank redeem a savings bond?

Does First Western Bank cash savings bonds?

Will First Western Bank cash money orders?

Can First Western Bank issue a money order?

Does First Western Bank do currency exchange?

Background on The Bank

Who owns First Western Bank?

How long has First Western Bank been around?

Can First Western Bank transfer to other banks?

Does First Western Bank have quick pay?

Does First Western Bank accept rolled coins?

Will First Western Bank accept loose change?

Where is First Western Bank headquarters?

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