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First Western Bank

Cooper City, FL · Cert 26873

FDIC

Q1 2004

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2004, the quarter ended March 31, 2004, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-10

First Western Bank

Cooper City, FL · Cert 26873

FDIC

Q1 2004

$30.8MAssets
$15.7MLoans
$26.7MDeposits
$3.8MEquity
Deposit mix
49%Interest-bearing $13.1M51%Noninterest $13.6MQ1 2003Q1 2004

NIM

5.74%Q1 ’024.77%Q1 ’034.86%Q1 ’04-9%+8%

Non-interest income vs. expense

5.19%Q1 ’024.58%Q1 ’036.20%Q1 ’04-15%+58%

Executive Summary

  • Earnings: ROA of -0.64%, down 123 bps year over year; NIM at 4.61%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.20%.
  • Funding: loans stand at 58.98% of deposits as of Q1 2004.

Financial Results

Return on Assets (YTD, annualized)

-0.64%-123 bps YoY

Net Interest Margin (YTD, annualized)

4.61%+35 bps YoY

Efficiency Ratio (YTD, annualized)

109.58%+2,759 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets0.59%0.59%0.55%0.60%-0.64%-123 bps
Return on Equity4.96%4.95%4.59%4.93%-5.08%-1,003 bps
Net Interest Margin4.27%4.42%4.38%4.37%4.61%+35 bps
Efficiency Ratio81.99%81.67%82.74%82.53%109.58%+2,759 bps
Non-Interest Burden3.26%3.39%3.43%3.42%5.15%+190 bps
Growth
Asset Growth (YoY)9.59%9.42%-0.37%-4.89%-2.95%-1,254 bps
Loan Growth (YoY)22.63%8.92%10.85%1.10%-2.03%-2,467 bps
Deposit Growth (YoY)8.34%8.13%-0.70%-4.83%-2.19%-1,053 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.05%0.03%-0.20%-20 bps
Allowance / Loans0.94%0.96%0.91%0.94%1.21%+27 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital19.28%20.15%20.20%21.16%20.44%+116 bps
Equity / Assets11.73%12.24%12.32%12.89%12.32%+59 bps
Liquidity & Funding
Loans / Deposits58.88%59.98%60.99%61.73%58.98%+9 bps
Liquid Assets / Assets1.50%1.56%1.57%1.62%0.00%-150 bps
CRE / Total Capitaln/an/an/an/an/an/an/a